diff --git "a/reddit_finance_43_250k_276.txt" "b/reddit_finance_43_250k_276.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_276.txt" @@ -0,0 +1,10000 @@ +https://preview.redd.it/767ffk2tx5b81.png?width=1918&format=png&auto=webp&s=9b3beaabaa8f5ffdb07d31b660c0341055d61945 + +&#x200B; + +This massive increase in the debt means that interest payments on that debt increase as the fed raises interest rates. Thus every hiking cycle for the past 40 years has resulted in a lower and lower peak fed funds rate before the market breaks and the fed capitulates and begins easing again (aka the money printer kicks into high gear). The last peak in 2018 was a fed funds rate of 2.25-2.50% before markets plunged 25% in the 4th quarter. + +https://preview.redd.it/sn4shjqky5b81.png?width=1226&format=png&auto=webp&s=31e9984d76d5aab315817cb563733df3e8662e14 + +But the debt is even higher now than it was in 2018, so we know the next ceiling will have to be lower as well. I've analyzed this by looking at the average of the fed funds rate and the 5-year treasury yield and multiplying this combined rate by the national debt. + +If we assume both rates increase in tandem by 25 basis points per quarter, and the national debt goes up a paltry $300 billion quarterly (its been going up much faster than this recently), then we will cap out at just 1.25-1.50% this cycle. Likely in the 2nd quarter of 2023. + +&#x200B; + +https://preview.redd.it/rmvaredrw5b81.png?width=1344&format=png&auto=webp&s=75bb7bc23243c9f151daddc8aa979a71eb799680 + +&#x200B; + +So when markets are crashing after only the 5th rate hike, and inflation is still running at over 5% annually, just know that the fed is going to capitulate and save the markets by easing again. + +This is a big problem, because you need treasury yields to get above inflation expectations in order to encourage savings instead of spending to stop inflation. In the 70s, with debt to GDP at only 30%, we were able to do just that. It wasn't painless (look at the recession of the early 80s), but we did it. With inflation at 5-10%, we can't even get close to stopping it without absolutely decimating the stock market and the economy. + +So the fed is trapped. They are going to have to choose between switching to easing and saving the economy and stock market, or continuing to hike in an attempt to kill inflation, but also causing the great depression 2.0 in the process. I'm confident they will choose to save markets and stop fighting inflation as the tradeoff, which means that the inflation trades at that point will be going absolutely bananas. + +And that's because the US will finally be embarking on monetary policy akin to a banana republic by lowering rates while experiencing high inflation. + +So make sure you get YOUR bananas over the next year to prepare for this utter bullshit of a ride that the fed is about to take us on. For me that means precious metals (specifically silver via PSLV and physical, not SLV which is a bullshit ETF). I also like platinum and uranium a lot as well. For others it could mean other commodities, energy plays, or real estate. Or even just buying a whole bunch of shit before it goes up in price. + +Good luck my friends, this is the end game! +I recently re-tested my finance/numbers with online bank calculators and noticed that my borrowing power has dropped \~$200-300K compared to a year ago when I ran the numbers with the same income. Is this correct? If so is this due to rising interest rates? +I currently need to work about 2-3 more years (assuming no lengthy market downturns) to achieve what I perceive as a true FatFIRE retirement. Does anyone have thoughts, recommendations, encouraging slogans, etc. about how to work these last few years and resist the urge to simply retire now and live out ChubbyFIRE? + +The “problem” (which I know really isn’t a problem) is that—like most people approaching FatFIRE—I probably could retire now without much serious difficulty. We could downsize from our >$1M house with its high property taxes and upkeep costs, or cut back on the overseas trips and entertainment in our planned retirement budget. And even if I retired now my wife is going to keep working for some period of time making a low six figure income and continuing our health insurance (meaning we won’t have to pay a large line item in our retirement budget). For those of you that could comfortably FIRE but continue to work to become fat(ter), what keeps you going (besides sheer love of whatever you do to earn money, which I’m unlikely to consistently manifest)? + +For people who want the actual numbers, our current invested assets (so not counting equity in primary home, vehicles, and other personal property) are $6M, my FatFIRE target for invested assets is $7-8M, and our “fat” post-retirement budget is $250k annually (including taxes). +I know it sounds bearish (long term I am still hyper bullish on ETH), but I feel as though it is a little early to be calling a victory of survival just yet. Many times in the past, there is a fake out to the upside after a big dip. This often results in further downside. + +I would be grateful if the worse of the dip is actually over, but we need to close a daily candle above $3K before I’m happy to say that we have been through the worst of the dip. + +Happy Hodling 🙌 +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds: +https://mutualfundobserver.com/discuss/discussion/58688/2021-capital-gains-distribution-estimates-mutual-funds-and-etfs +Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "______ funds capital gains distributions 2021" + +Please note we'll probably be deleting any threads on the subject and pointing people here in order to keep the clutter down. +In 2010 we had: “Bitcoin breaks $0.10!” + +In 2011 we had: “Bitcoin breaks $1!” + +In 2013 we had: “Bitcoin breaks $100!” + +In 2014 we had: “Bitcoin breaks $500!” + +In 2016 we had: “Bitcoin breaks $700!” + +In 2017 we had: “Bitcoin breaks $17.000!” + +In 2020 we had: “Bitcoin breaks $20.000!” + +In 2021 we had: “Bitcoin breaks $60.000!” + +Moral of the story, if you want to become rich: put your crypto on a hardware wallet and f*ck off for 5 years. + +At EVERY SINGLE ONE of these timestamps, people thought “im late.. i don’t want to buy at ATH” and you would be filthy rich if you had bought at ANY of these moments. + +Stop stressing, stop the fud, and we’ll see each other in 5 years. + +Have a green dildo day! +http://recode.net/2014/04/14/amazon-says-no-to-accepting-bitcoin-maybe-to-building-an-amex-or-visa-competitor/ + +The article says that "we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin.” + +Can you launch a campaign to change this? Let's do something! + +I kind of wish the fundamental turnaround story was getting as many posts and conversations as the squeeze story because I think more serious investors would be attracted to the turnaround story and throw their money in the ring to help make this rocket launch. + +Painting superstonk as a qanon cult is all about casting doubt on the central squeeze premise. Because the squeeze premise has devolved into a he said she said. We know we’re right but the hfs are painting an entirely different picture and have the entire media apparatus at their disposal. + +It’s a lot harder to employ that qanon strategy against the fundamentals driven premise though, since the fundamentals premise doesn’t rely on or care so much about short-term fluctuations in price. We all know those short-term fluctuations are due to fuckery of all kinds but those outside of our bubble don’t know that and have a harder time believing it because they haven’t swallowed the red pill yet. +I would like to know if Medicare for All is feasible, and if it could work. + +I don't want this to be a political discussion, or go off track, or even get into crazy theories. I'm not especially financially savvy, so the discussion at last nights debates confused me... I'm not going to weigh in on your comments. + +If the middleman Insurance Companies are dissolved, and it's run by the government - like Social Security is - could it be done so everyone is protected with quality health insurance? + +Thanks in advance for keeping it polite. If the mods consider this inappropriate then please delete this post - I have no problem with that. +I heard that the VW emissions thing was discovered by accident by an independent group. Would it have been illegal if they shorted a ton of shares before revealing this information? +300 million global crypto users can impose their own individual economic sanctions if they choose to make a stand. + +Bitcoin is the personification and crystallisation of the liberty and freedoms of humanity. + +The peaceful exchange of harmless cryptographic code should be a fundamental god given right if its the expressed will of a people. + +Yes crypto can't and will not ultimately be stopped. + +However any government taking a forceful action to ban it's population from participating in an open and decentralised global network, needs to be sent a clear and united message from the rest of civilization that this beach of human rights will not be tolerated. + +Holding or transacting in cryptographic code should never be considered a crime. The real crime is against.humanity when an authoritarian dictatorship attempts to forcefully block humans from participating.in the greatest financial liberation in history. + +Bitcoin is proof that every individual counts and when we collaborate and cooperate together we are force to be reckoned.with. + +It just takes handful of people with belief to start a revolution and make voices heard and actions felt. + +On behalf of the human rights of my fellow global citizens in China... I'm banning myself from funding the government of the People's Republic of China. +So, Nathaniel Popper (for the New York Times) published an article about the coming future where every messaging app will include a stable-coin which will allow its users to send a stable-currency from one to another as easy as texting (link below). + +The one thing that these companies might be facing is the question of whether or not to build their coins on top of Ethereum, or use either a different existing blockchain (Tezos, Stellar, or other), or perhaps even build their own blockchain. + +Here's why they most likely will have no choice but to release their stable coins as ERC20 Tokens on top of Ethereum: they are bound by interchangeability (interoperability) of their tokens! + +As Popper writes, one the things these companies know they must allow their coins to do, is to move freely outside their app (this does not mean they will make it easy on you, but it will be possible). Otherwise - they could have just used an internal database. So they recognize the need to allow their tokens to free-flow outside the app. Failing to do so will limit their design and might push users to other messaging coins. + +What they will find out very fast is that (and mind you - these are my thoughts on this) they must abide by the most *used* network - which has the most interoperability! + +Failing to do so will set them up for a bad start and they might find their tokens failing to compete. Think about it this way: if I use both Telegram and WhatsApp, and Telegram allows me to send my coins to any Ethereum address, this means I benefit hugely by the entire Ethereum eco-system (Nassim Taleb calles this rule the tyranny of the minority - [link](https://medium.com/incerto/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15)). + +This is not the case for a coin which runs on, let's say, Stellar (which isn't bad on its own right). + +Just think of the DeFi applications which are using Ethereum as their backbone. Not to mention games and others. + +That being said (again - all assumptions, I have no inside knowledge), think of the level of trust/stability Ethereum will gain from such choice. This means that these giant companies (especially Facebook) now have skin-in-the-game when it comes to the Ethereum blockchain! They will make sure it scales, it's safe, it's secure, and they might even donate their own resources to making it as robust as it can be. + +This reminds me of Google's commitment into the SSL protocol. Prior to the bug, Google (and other conglomerates) donated very little to keeping this protocol safe and sound. After the bug was discovered, these companies actively donated and made talent available towards securing and assuring the soundness of this protocol. + +Again, failing to make their token as broadly available as possible is the token-analogy of making your messaging app only available on one platform (iOS vs Android). Apps that did not chose the broader scope, failed to become widely used - and eventually did not survive. And these companies know a thing or two about networks and making sure usability is as broad as possible. So you can see how crucial it is for these companies to make sure interoperability exists! Failing to do so might mean users will slowly diverge into a more used (accepted) messaging token - which can cost them users (their most coveted asset)! + +So it seems to me that Ethereum might be getting a huge gift coming its way. Not because it has the best tech or because its the fastest, but because it is the most ubiquitous protocol and is the de-facto blockchain platform (Ethereum benefited massively from first-movers advantage, and often with networks, first movers advantage can become the main player (think of Facebook and how much it's aware of this fact). + +If this will indeed be the case, Ethereum - which already secures staggering amount of value - might become the most counted-on blockchain and will secure phenomenal amounts of value. + +[PS - sorry for typos, this was quickly written] + +Link: +https://medium.com/the-new-york-times/facebook-and-telegram-are-hoping-to-succeed-where-bitcoin-failed-7cfcff9a658c +So, Nathaniel Popper (for the New York Times) published an article about the coming future where every messaging app will include a stable-coin which will allow its users to send a stable-currency from one to another as easy as texting (link below). + +The one thing that these companies might be facing is the question of whether or not to build their coins on top of Ethereum, or use either a different existing blockchain (Tezos, Stellar, or other), or perhaps even build their own blockchain. + +Here's why they most likely will have no choice but to release their stable coins as ERC20 Tokens on top of Ethereum: they are bound by interchangeability (interoperability) of their tokens! + +As Popper writes, one the things these companies know they must allow their coins to do, is to move freely outside their app (this does not mean they will make it easy on you, but it will be possible). Otherwise - they could have just used an internal database. So they recognize the need to allow their tokens to free-flow outside the app. Failing to do so will limit their design and might push users to other messaging coins. + +What they will find out very fast is that (and mind you - these are my thoughts on this) they must abide by the most *used* network - which has the most interoperability! + +Failing to do so will set them up for a bad start and they might find their tokens failing to compete. Think about it this way: if I use both Telegram and WhatsApp, and Telegram allows me to send my coins to any Ethereum address, this means I benefit hugely by the entire Ethereum eco-system (Nassim Taleb calles this rule the tyranny of the minority - [link](https://medium.com/incerto/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15)). + +This is not the case for a coin which runs on, let's say, Stellar (which isn't bad on its own right). + +Just think of the DeFi applications which are using Ethereum as their backbone. Not to mention games and others. + +That being said (again - all assumptions, I have no inside knowledge), think of the level of trust/stability Ethereum will gain from such choice. This means that these giant companies (especially Facebook) now have skin-in-the-game when it comes to the Ethereum blockchain! They will make sure it scales, it's safe, it's secure, and they might even donate their own resources to making it as robust as it can be. + +This reminds me of Google's commitment into the SSL protocol. Prior to the bug, Google (and other conglomerates) donated very little to keeping this protocol safe and sound. After the bug was discovered, these companies actively donated and made talent available towards securing and assuring the soundness of this protocol. + +Again, failing to make their token as broadly available as possible is the token-analogy of making your messaging app only available on one platform (iOS vs Android). Apps that did not chose the broader scope, failed to become widely used - and eventually did not survive. And these companies know a thing or two about networks and making sure usability is as broad as possible. So you can see how crucial it is for these companies to make sure interoperability exists! Failing to do so might mean users will slowly diverge into a more used (accepted) messaging token - which can cost them users (their most coveted asset)! + +So it seems to me that Ethereum might be getting a huge gift coming its way. Not because it has the best tech or because its the fastest, but because it is the most ubiquitous protocol and is the de-facto blockchain platform (Ethereum benefited massively from first-movers advantage, and often with networks, first movers advantage can become the main player (think of Facebook and how much it's aware of this fact). + +If this will indeed be the case, Ethereum - which already secures staggering amount of value - might become the most counted-on blockchain and will secure phenomenal amounts of value. + +[PS - sorry for typos, this was quickly written] + +Link: +https://medium.com/the-new-york-times/facebook-and-telegram-are-hoping-to-succeed-where-bitcoin-failed-7cfcff9a658c +**ONEMOON** + +ONEMOON is the **FIRST moon coin** launched on the harmony blockchain. ONEMOON was created by MOCHISWAP developers to be a deflationary currency which burns ONEMOON and HMOCHI rewarding HODLERS. 100% of the tokens were locked to a MochiSwap pool to be fully decentralized + +ONEMOON is bringing DEFI farmers over to the harmony platform and allowing users to experience $0.000·001 fees (vs ETH $.308) and 2second confirmation (vs ETH 2minute). ONEMOON is the first coin exposing large audiences to secure sharding with fast consensus and instant finality. ONEMOON is being supported by **MOCHISWAP and Harmony holders** benefit from adoption of ONEMOON. + +5% goes to existing holders of ONEMOON as rewards. 2.5% is used to create permanently locked liquidity between ONEMOON-ONE using MochiSwap LPs The remaining 2.5% is unwrapped, the ONEMOON is burned, and the ONE is used to buy hMOCHI which is also burned. + +So each ONEMOON transaction has the following outcomes:- 5% of the fee is distributed as ONEMOON to existing holders.- 2.5% of the fee is used to create permanent/irreversible locked ONE-ONEMOON liquidity- 1.25% of the fee (the unwrapped ONEMOON side) is burned. + +You can find this token on DEX[ https://one.mochiswap.io/#/swap](https://one.mochiswap.io/#/swap) + +**More information:**[ https://www.youtube.com/watch?v=JJNZZ2woglg&lc=Ugxh\_vCgC2iFiNIGD7t4AaABAg](https://www.youtube.com/watch?v=JJNZZ2woglg&lc=Ugxh_vCgC2iFiNIGD7t4AaABAg) + +**Price and Future growth** + +ONEMOON was launched 2days ago, and has a small marketcap compared to other projects which have already pumped. + +[https://onemoon.watch/](https://onemoon.watch/) See the price chart here + +As of today, ONEMOON is still in accumilation phase. Huge growth is occuring with occasional short term dips. The risk for new investors is minimal compared to other projects which have already had explosive upward moves. + +Reddit-[ https://www.reddit.com/r/onemoon/](https://www.reddit.com/r/onemoon/) **290** **Members** + +Telegram-[ https://t.me/MochiSwapONEMOON](https://t.me/MochiSwapONEMOON) **870 Members** + +**ONEMOON usecase:** + +ONEMOON is taking marketing into its own hands. Harmony ONE is a incredibly robust and developed platform.[ https://www.harmony.one/](https://www.harmony.one/) + +ONEMOON will bring users onto the harmony platform, and use the hype to showcase the incredible technology has. ONEMOON is also used to burn HMOCHI farming tokens, incentivising users to experiment with harmony DEFI free from high ETH fees. + +**How to purchase** + +[https://one.mochiswap.io/#/](https://one.mochiswap.io/#/) + +[**https://www.youtube.com/watch?v=PuIHvHvFzcU&t**](https://www.youtube.com/watch?v=PuIHvHvFzcU&t=1s) + +Buy One Harmony on a Exchange (Kucoin, Binance) + +1. Add Harmony network to Metamask wallet[ Metamask - Harmony](https://docs.harmony.one/home/network/wallets/browser-extensions-wallets/metamask-wallet) +2. Transfer your ONE to metamask to get your ONE address copy Your 0x address from metamask and paste it into[ Explorer | Harmony](https://explorer.harmony.one/#/) +3. Now go to mochi swap and buy Onemoon using ONE harmony[ MochiSwap](https://one.mochiswap.io/#/swap) (12%Slippage) + +Token Address: 0xCB35e4945c7F463c5CCBE3BF9f0389ab9321248F +So I come to the UK with the last of my money which I've changed abroad to £ because it was a better investment. + +Have been in the UK for about a month now; go to NatWest to open up an account so I can get paid at work, everything seems good. I deposit 500quid in the account and I'm told I'll receive my card in less than a week. Great. + +2 days later I get a text saying the bank decided to close down my account and isn't providing a reason. I go to the bank, in person and they tell me -they lack the authority to tell me what's going on bc its due to a different section. I have to send a letter thru the mail and wait a week for a response, then come back. + +I go back with the stupid letter. They tell me, all they can do is offer their most sincere apologies. _that shit don't pay the bills tho..._ + +I can't take my money out bc I'm not authorized. I have to send another letter and wait another week. I come back another week later "You can't request to have the money in cash. You need a to transfer it to a different account" and this might take up to a month... + +Good thing I opened another account with MetroBank when shit hit the fan initially. It was a painless experience that took 40min and they gave me my card and ran a background check that stated I have good enough credit to not have any issues. Hallelujah. + +Now I'm waiting here another month for NatWest to give ME, MY OWN MONEY BACK SO I CAN PAY THE FUCKING RENT! + +In all honesty, fuck you NatWest and whoever arbitrarily decided to close down my account and hold my own money hostage. I'm putting my money in your hands so you can keep it safe, not withhold it from me. Adding insult to injury, the card from NatWest came in the mail a couple days after they closed the account, together with a letter congratulating me for my new account. Really tho... Fuck you. + +Even the lady at the branch told me to make a complaint and ask for compensation... this is the sort of disgustingly irresponsible and depraved reason why I stopped living in a 3rd world country in the first place. + +If anyone has any advice or knowledge on what's going on, I'd greatly appreciate it. And sorry for the rant, I just got off a 12hour shift with a 1hour commute and I'm livid. +Klaytn is a blockchain ecosystem developed by Kakao, the South Korean internet conglomerate. The project is designed to provide an easy-to-use, scalable, and efficient blockchain platform for mass adoption. The Klaytn ecosystem includes a public blockchain, a decentralized application (DApp) store, and a cryptocurrency called KLAY. + +The public blockchain is powered by a native token called KLAY, which is used to fuel transactions and smart contracts. KLAY can also be staked by users to earn rewards. The Klaytn platform also includes a DApp store called Klip, which allows users to discover and use decentralized applications. + +Unlike some other chains, the Klaytn ecosystem is designed to be user-friendly and scalable. The platform includes several features that make it easy to use, such as an intuitive wallet and user-friendly smart contracts. The platform is also scalable, with the ability to handle millions of transactions per second. Also not unlike Curve's StableSwap AMMs, Stable Pools of KLEX, which is a portfolio rebalancer and AMM on Klaytn, will allow users to generate yield on stablecoins and tokenized indexes while Liquidity Bootstrapping Pools will be necessary for newly-launched tokens and their liquidity ecosystems. + +You might be wondering who's behind Klaytn: The Klaytn ecosystem is backed by a strong team of developers and investors. The project is led by co-CEOs Jaesun Han and Simon Kim, who have a strong track record in the blockchain space. The team also includes advisors such as Don Tapscott, a well-known author and speaker on the topic of blockchain technology. + +Several strong projects have already chosen Klaytn and DeFi on Klaytn is rising, one of the new rising stars has got to be Klex protocol. KLEX is an implementation of the Balancer v2 Protocol on Klaytn, they promote themselves as a convenient and low-fee instrument for the noncustodial exchange of Bitcoin and major altcoins. + +There have been some major strides in the development of Klex recently, with their liquidity lockdrop beginning this week, their recent vampire attack, and mainnet launch. There is almost $50M in TVL at the moment, which is massive for a bear-market launch. Just this week they've had over $8m locked up, so interest is definitely heating up as the result of the lock drop. And FYI, their LBP goes live on Thursday. I'd seriously recommend picking some up. + +The Klaytn ecosystem has the potential to revolutionize the way we interact with the digital world. The platform’s user-friendly interface, scalability, and native token make it a powerful tool for mass adoption. With the backing of a strong team of developers and investors, the Klaytn ecosystem is well-positioned to become a major player in the blockchain space. +Started new job as a restaurant manager at a busy restaurant 5 weeks ago. I needed work really bad and accepted $40,000/year for scheduled 50hr weeks. I did some reading today (https://www.federalregister.gov/documents/2016/05/23/2016-11754/defining-and-delimiting-the-exemptions-for-executive-administrative-professional-outside-sales-and) and learned that i SHOULD be getting a minimum of $47,476/year. + +I feel dumb for not knowing this before hand but now i feel the need to address this. So how do i proceed? + +Background: I am one of the only (maybe THE only) salaried assistant manager inside of the 28 locations and everyone else is hourly. I have been told verbally that i will be promoted to GM in 6 months and the assistant role is temporary. I'm basically an AGM until i learn this company's way of doing business. I am at the busiest location and have been well respected so far for what i bring to this company. + +My plan is to write HR with the links to the DoL rules and request that they look into this. +I feel a little worried that me being new and all, i could be looked at as a "trouble maker" or something? Feels like a delicate situation but maybe i'm making too much out of that? I just want what's fair. I agreed to $40k but if i should getting more, i obviously want that instead. + +TLDR; accepted a 50+hr position making $40k 5 weeks ago. If i'm reading the DoL website correctly, i'm entitled to $47,476 minimum. How do i request the rest of the salary without it coming off on me poorly, being new??? +Or a cash-out. Curious to hear if this is a viable strategy. It would open up my opportunity to purchase a rental out of my market since I could afford the 20% DP versus having to move into something in my market and live there for a year. +What are the biggest pains of managing your own rental portfolio? + +I own 28 units and have always used a property management company, but recently I’ve been considering cutting the property management and managing myself, online payments and service requests have simplified a lot of the old issues of managing, but I’m looking to find what issues still exist, thank you for all your input! +My brother and I have found a piece of land for around $80,000 that's in a great location in the downtown of a lively suburb within a mid-sized metro (\~1.25 million) in the Southeast. The land is clear to build on and is mostly flat with a very slight incline. It is zoned multi-family. We thought about going in on it together, building a duplex or triplex, living in one unit then renting out the remainder of the units. We would prefer to buy one but there are very few in our area and even fewer that are in parts of town where we would like to live (due to driving distances, or high crime areas that have very little real estate appreciation). + +We're trying to run the numbers to see if it would make sense to do. However, I have never owned a home before - much less built one. + +Is building a multifamily home something to stay away from? I know that building a new one is going to be more expensive than buying an already built one but for reasons stated before that's not really an option. What are some things to consider when building a new multifamily house that might make the numbers pretty hard to work out? Is there a good way to get an idea of how much someone would charge me to build a multifamily home? Is there something that I am missing that might make this whole plan a terrible idea? +My partner has just received a letter from HMRC notifying her that she has a £1,200 fine for not filing a tax self assessment for the tax year ended 5th April 2020. + +The letter details that £900 is for her being 3 months late (“a daily penalty of £10 a day for a maximum of 90 days”) - and then a further £300 is for her being 6 months late (“you have been charged the minimum filing penalty of £300”). + +I accept that she(we) failed to file a self assessment tax return when she should have and understand that she should therefore be subject to a fine. + +However, my problem with this is that this is the first time we’ve received a letter notifying her of this. +Surely HMRC should have notified her that she was subject to a fine as soon as the allowed date had passed? +Instead, we haven’t heard anything until they’ve let the fine rack up to this huge amount. + +Not sure if it makes a difference, but to add a bit of extra information she only earned £1,587.31 in the tax year in question. + +A £1,200 fine would be financially crippling, so does anybody have any advice as to what we can do in this situation? +Just a fair warning to everybody from experience in ETHtrader: Whenever we see the first 20-30% dip you're gonna see this entire room get flooded by bears. Bears are among us in hiding waiting to pounce. Bears from Bitcoin and other alts. Bears in the form of new found friends right here. This place is a beautiful site and has been for 2 months. People making a ton of money on margins. + +The Last 2 months of 2016 were really trying on some of us. + +We'll see much money some of us wanna make on the way down through margin shorting. Believe me when the market dictates it safe for people to go short, they will go crazy for it. + +Have your plan in place on what you will do when it happens. It will happen. What is your mindset. Think in advance. + +We are on a euphoric feeding frenzy and have been well deserved for this for months now. + +Young know the market is reacting and repricing when we have our first sub 1000 comment day. I've seen Days in here that were so quiet and full of nonstop fud from major trolls. It was eerie. + +Plenty of developments coming ahead, but just be ready when the market reprices things a bit. It could be 3 months from now when it happens, but it will happen. Enjoy all of your festivities and stay safe traders. Keep your sanity with this. It's really neato! + +Big Hugs From KC. +Unlike other blockchain games that are currently released, Guild of Guardians will focus on creating a really enjoyable gameplay first and the earning aspect will be the cherry on top. This is crucial for building a sustainable model. The game is not yet released but from my experience, the best thing you can do is get in as early as possible. If I’ve caught your attention, continue reading below! + +&#x200B; + +https://preview.redd.it/26a66w0p95j81.jpg?width=1200&format=pjpg&auto=webp&s=2ac4c3b523392fd7285cf039b5ab515d08fc690e + +**What is Guild of Guardians?** + +Guild of Guardians is undoubtedly one of the biggest projects in GameFi with more than 500,000 community members across social media platforms & a pre-registration list. If you’re familiar with the NFT gaming space, you have most likely heard of GoG. It will be a free-to-play mobile fantasy RPG game heavily focused on action and guild mechanics. Built on the dominant Ethereum network with ImmutableX as the layer 2 scaling solution. This promises instant and most importantly gas FREE transactions. + +The goal will be to build a strategic team with your guildmates and venture into dungeons to complete challenges where strategy will be as important as skill. The team composition, synergies and play styles matter as well as timing and fast reflexes to dodge. Using the newly acquired experience and items players will be able to progressively enter harder dungeons and earn better NFTs. Not only that but guild raids, PVP, land gameplay, Esports and etc. I believe at this point you already know why Guild of Guardians has such a massive following, but there is more. + +&#x200B; + +https://preview.redd.it/9n082wbe95j81.png?width=1920&format=png&auto=webp&s=627ab18af75119a3ff64deafc94b52bec450c0ee + +**Guilds** + +As you can probably guess by the name, Guild of Guardians will heavily focus on the guild component. If you want to potentially earn money, be competitive and enjoy the game to the fullest you definitely have to join a guild! To create a guild you will be required to hold a guild token. They are of different rarities and prices of course. The guild tokens sale quickly sold out so the only way to get one right now is on the secondary market. Now would be the perfect time to buy an Adventurers/Warriors Guild (Which is the cheapest and smallest one) because of the current market conditions. The bigger guild tokens (Legends and Mythic) haven’t seen much of a drop and are holding their price but they are for serious investors (Apes). They start from $100,000 for Legendary and 2,6 million for Mythic ones. + +&#x200B; + +https://preview.redd.it/4dhus82g95j81.png?width=672&format=png&auto=webp&s=50909276b853afd8ea9d1811aeee4f2239204d54 + +**How can you earn** + +There will be multiple ways for you to earn. The first and probably most used one will be guild crafting. For your guild to craft, you will need to play together and loot the necessary materials. Planning and diversity in your heroes is important here because some materials will only drop for heroes of certain factions. Guild crafting will be the only way to create new NFT items in the game so you would want to find a guild as soon as possible. + +The second way to earn, which will be really pleasing to free-to-play fans, is by merging heroes. Players will be able to earn common heroes (non-NFT) which can then be merged into Rare ones (NFT) and then play them to start earning more. You can even work your way up to owning a Legendary hero with merging. The cheapest founder Legendary hero as of today is $720. + +Apart from that, there will be daily token rewards that can be earned by progressing milestones, completing daily quests and etc. Leaderboard prizes, NFT drops from Guild Raids and Guild wars are also in the planning. + +&#x200B; + +https://preview.redd.it/iurhkr6h95j81.png?width=1096&format=png&auto=webp&s=14655946401ae6e95901f73054dd3d3203e19be1 + +**When can I play?** + +According to the updated roadmap released by the team, the pre-alpha demo will be released in the first half of 2022, although the team has stated they are on track for the first quarter of 2022. The Testnet alpha will be launched in the second half of 2022, release on main-net is planned for the first half of 2023 and the full polished game is set to be released during the second half of 2023. Yes, it is a long wait but in the GameFi world the earlier you join the better. There will be more events, contests and hopefully sales before the release and prices will only go up the closer we get to release. + +I am looking forward to seeing where this project takes blockchain gaming and am sure it will be one of the first to start disrupting the current gaming industry. I tried covering most of the key points but please let me know if I missed something. Will be answering all questions in the comments + + +(Due to Superstonk's rules, I cannot post the Discord link here. If you are interested in learning more, you will be able to find the Discord server on their website!) + It’s late and I just woke up again from my weird insomniac sleep schedule of 4hrs before finally falling back asleep around 3am-ish. But with T+21 and the RC tweet all but confirming a price rise tomorrow with his high 90’s percentage of tweeting cryptic but relevant memes around these dates… + +Don’t just place a market order through a mobile app. Download the Fidelity desktop app if you’re on that broker service and with the advanced options, you can choose the NASDAQ market to place your order. + +We have 350K+ apes round these parts. Imagine a few thousand or tens of thousands of apes actually place their orders without it being rerouted until the T+2 rule applies when market makers have time to match best buys with sells (notice the price usually hops up around Mon/Tues like a steady beat) + +Now millions being put into our shares being bought and adding to market value on tomorrow’s T+21 date. Well, slap me silly, but it might actually make a dent against Shitadell’s armor as they’ve shaved off more and more of it for their ammo that keeps missing apes cause we’re just in the trenches playing cards and laughing at memes while occasionally lobbing a payday grenade towards the line. + +Be good to each other and if possible, figure out a way to place order in a real time market. If a wrinkled brain ape won’t post a guide to choosing which market through the Fidelity app, I’ll be happy to do so along with the DD of our orders not being put into place for days and just hovering around in the dark pool for the best margin spread profits. +So the with the news about inflation and the BTC ATH I’m already getting questions from (usually)no-coiner friends and family that know I’m into crypto. This is good, the psychological barriers are starting to come down. More institutional and retail investors are on the horizon with their bags ready to be saved from eroding into nothing. + +With that being said even I was shocked by the latest Invest Answers video breaking it down. No wonder the banks are terrified. Usually explaining things like this to my mum would get an eye roll but her response was “oooo that’s less than me and your father spend on wine a month, we were going to do dry January anyway. How do you go about it then?” … my jaw dropped, 5 mins later she had a wallet set up (and her seed phrase explained to her very VERY Carefully) another 5 and she had £100 BTC. + +It’s happening. Older generation are starting to realise they’re going to need to protect their wealth against inflation… they’ll turn to the younger generation for help. Better go pick up some more sunglasses the futures looking super bright right now. + +Edit: paragraph spacing. +Seems like interest rates will be raised this year, but Wall Street down 8-9% and ASX down 6% since start of the year seems bit big overreaction for lousy 0.1 - 0.25% increment interest raises. It is not like 1-2% sudden interest rate raise is expected. Also as per my understanding stocks provide hedging against inflation. So why such big drops are happening? What is the fear? Am i missing something? +[https://www.reddit.com/r/CryptoCurrency/comments/t0q8kn/evidence\_that\_charles\_was\_involved\_in/](https://www.reddit.com/r/CryptoCurrency/comments/t0q8kn/evidence_that_charles_was_involved_in/) + + [https://twitter.com/IOHK\_Charles/status/1497296939091566593](https://twitter.com/IOHK_Charles/status/1497296939091566593) + +&#x200B; + + His post: + +This is a follow-up to [https://np.reddit.com/r/CryptoCurrency/comments/szv6oc/evidence\_that\_charlesiohk\_was\_involved\_in/](https://np.reddit.com/r/CryptoCurrency/comments/szv6oc/evidence_that_charlesiohk_was_involved_in/) + +In that post, I gave a list of about 150 addresses that connected IOHK's wallet to the billion ADA unstaked wallet involved in the SundaeSwap front-running. Naturally, I was accused of FUD, saying that I made it up and that there was no way someone could track that accurately. + +Here's a much shorter path connecting the two wallets. + +📷 + +Starting from IOHK's address [https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg](https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg), it takes less than 15 steps to go from that wallet to the billion ADA unstaked wallet associated with the SundaeSwap front-running. + +You can see in the left column the outgoing address along the path, and in the right column, you see the amount of one of the transactions from the prior address to that address. The right column only gives one transaction amount even when there may be others, since it's only looking at the first page of transactions when going to the transactions page. If there were dozens of transactions outgoing to that address, then the right column only is reporting one of them listed on the first page of transactions. You can see that all but one transaction is on the order of hundreds of millions or billions of ADA. This is not IOHK paying an employee (unless employees are being paid hundreds of millions of ADA!). + +To follow along with how to read the table, first go to IOHK's original wallet [https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg](https://cardanoscan.io/transactions?address=DdzFFzCqrhsytyf2oUxqFNXDX9MfAFBWk9pTBXViZbSwxEi7PYcq9LSjBDcW6BVcA7KxgeixYWospQKn68P9PaviM2FvhTFvsEezT8qg). Then find the first outgoing address in the table above and click that link to go to the transactions for that address. + +So click on: [https://cardanoscan.io/address/DdzFFzCqrht3wEZNURs9U5Qp7HnLoi9Cpao2YzThm88CqvLuP9uTmGzpwQc2e9VSUNGPhR7pAz3g9TtnBx3YoiiJ712Va3dBZNTXkTYT](https://cardanoscan.io/address/DdzFFzCqrht3wEZNURs9U5Qp7HnLoi9Cpao2YzThm88CqvLuP9uTmGzpwQc2e9VSUNGPhR7pAz3g9TtnBx3YoiiJ712Va3dBZNTXkTYT) + +Then go to the next outgoing address in the table: [https://cardanoscan.io/address/DdzFFzCqrhsrbtzv9G1qXfGq5mKVeF6AWg2TcuS3qjfLyhHgVATsP3PeocKqkraN6VwbZrNvN2iHeCd8iESanCP8FQS6BnyaThGjLNEc](https://cardanoscan.io/address/DdzFFzCqrhsrbtzv9G1qXfGq5mKVeF6AWg2TcuS3qjfLyhHgVATsP3PeocKqkraN6VwbZrNvN2iHeCd8iESanCP8FQS6BnyaThGjLNEc) + +Then go to the next outgoing address in the table: [https://cardanoscan.io/address/DdzFFzCqrhsnRxkcmJ1ukkN26iefboWFwKLx95G2bW92mutMGqibYJNYuNgbGppCC32tfqWMa8XpWev9jVXoNUQEQPmcDeRh28UJBXvC](https://cardanoscan.io/address/DdzFFzCqrhsnRxkcmJ1ukkN26iefboWFwKLx95G2bW92mutMGqibYJNYuNgbGppCC32tfqWMa8XpWev9jVXoNUQEQPmcDeRh28UJBXvC) + +The rest of the sequence is given below for you to verify yourself: + +[https://cardanoscan.io/address/DdzFFzCqrhsnhac5fv3dE6bT2KcqpdWMjBd57etEzYgVKwwoDGWRrBiqVMcvqMuxLL526N3KEbKAoFXVRJaMpwZCj7DE3nn1SJLYooCF](https://cardanoscan.io/address/DdzFFzCqrhsnhac5fv3dE6bT2KcqpdWMjBd57etEzYgVKwwoDGWRrBiqVMcvqMuxLL526N3KEbKAoFXVRJaMpwZCj7DE3nn1SJLYooCF) + +[https://cardanoscan.io/address/DdzFFzCqrhshT1zPHwWLrBhCgawnPZ7DGKYDKp6pwN4MHqtV4KCCCeWBc44k3Q7jvuzY3UL36Zhp6xUEYxthMPV69Ge3QDDF6Xaf8oxB](https://cardanoscan.io/address/DdzFFzCqrhshT1zPHwWLrBhCgawnPZ7DGKYDKp6pwN4MHqtV4KCCCeWBc44k3Q7jvuzY3UL36Zhp6xUEYxthMPV69Ge3QDDF6Xaf8oxB) + +[https://cardanoscan.io/address/DdzFFzCqrht9mrPZi5BXeWcMxypLBm9ADRyh47pvkg8VNCGjr5drXiyJZxonNEhrUbZkfbrD3fivYS4x1kwom6EVy8skDh7GgwDrE9tW](https://cardanoscan.io/address/DdzFFzCqrht9mrPZi5BXeWcMxypLBm9ADRyh47pvkg8VNCGjr5drXiyJZxonNEhrUbZkfbrD3fivYS4x1kwom6EVy8skDh7GgwDrE9tW) + +[https://cardanoscan.io/address/DdzFFzCqrhsecV6grDueeDk4pM6jxwjq2YtTof7r4TBwNdFmbBd5NJ42XWifSDPhSXdfEomShABDnAjpPnv5Sa9CHbf9U9P5p8x4gzdr](https://cardanoscan.io/address/DdzFFzCqrhsecV6grDueeDk4pM6jxwjq2YtTof7r4TBwNdFmbBd5NJ42XWifSDPhSXdfEomShABDnAjpPnv5Sa9CHbf9U9P5p8x4gzdr) + +[https://cardanoscan.io/address/DdzFFzCqrht2WKNEFqHvMSumSQpcnMxcYLNNBXPYXyHpRk9M7PqVjZ5ysYzutnruNubzXak2NxT8UWTFQNzc77uzjQ1GtehBRBdAv7xb](https://cardanoscan.io/address/DdzFFzCqrht2WKNEFqHvMSumSQpcnMxcYLNNBXPYXyHpRk9M7PqVjZ5ysYzutnruNubzXak2NxT8UWTFQNzc77uzjQ1GtehBRBdAv7xb) + +[https://cardanoscan.io/address/DdzFFzCqrht9LStDVFdrn2SiudEDDrXDPprYZz8WfbrTmu3cko745FJSSNxwrDTa8QTWTLdpFaAhweB4Uz13ev22eNhrNDCrVXZVQT6w](https://cardanoscan.io/address/DdzFFzCqrht9LStDVFdrn2SiudEDDrXDPprYZz8WfbrTmu3cko745FJSSNxwrDTa8QTWTLdpFaAhweB4Uz13ev22eNhrNDCrVXZVQT6w) + +[https://cardanoscan.io/address/DdzFFzCqrhstPePbe8LC1XLkTGYSpBDJyHAJ5PuRgEcshvmG1CrAizB69mSRXBvK2BtFcCuBqrobzSXqpxzTkRWLFyvZpTJL7YQ8hZ58](https://cardanoscan.io/address/DdzFFzCqrhstPePbe8LC1XLkTGYSpBDJyHAJ5PuRgEcshvmG1CrAizB69mSRXBvK2BtFcCuBqrobzSXqpxzTkRWLFyvZpTJL7YQ8hZ58) + +[https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT](https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT) + +[https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq](https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq) + +[https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W](https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W) + +You don't need to question whether I made up these transactions or manipulated the Cardano blockchain in some way. These records are immutable and they are available for you to verify, so go verify. I will probably be accused of being a paranoid schizophrenic again, and maybe I am, but who cares! The point of blockchain is that you don't need to trust me or anyone else. I know some of you reading this will instinctively be defensive and lash out with insults, but I dare you to verify the transactions yourself before downvoting. + +**Edit:** Thanks for taking up the challenge and looking into this. Some of you found that there was only a 10 ADA transaction between two of the addresses. That's because both output addresses (one with 10 ADA and the other with 241 million ADA) are tied to the same wallet. It's not obvious, but you can read more here [https://np.reddit.com/r/CryptoCurrency/comments/t0q8kn/comment/hyc8719/?utm\_source=share&utm\_medium=web2x&context=3](https://np.reddit.com/r/CryptoCurrency/comments/t0q8kn/comment/hyc8719/?utm_source=share&utm_medium=web2x&context=3) + +The TLDR form of that comment is: the wallet address ending in bs1Wq and wallet address ending in oQU1E are part of the same wallet. You can tell this since they are both outputs of TxHash 547f47b146464476c2da4184fa9123d147053b2e5c84d1f0ede1479a12afbd97, and then one is the input (oQU1E) while the other (bs1Wq) is the output of the next transaction of the bs1Wq address, with TxHash d632d8f487f156c2c91a46e15b066a22888aa2f71ed61bd2d33dd61f46b9590c. That indicates that these two addresses are linked and that the second transaction is a reshuffling of ADA between addresses of the same wallet. + +Even if you aren't convinced that they are part of the same wallet, then suppose they're separate, independent addresses. Then that only adds one more address on the path connecting IOHK's wallet to the billion ADA unstaked wallet: + +[https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT](https://cardanoscan.io/address/DdzFFzCqrht8CHL4tkQy82G6iPk8rsNSpFtqHT6HgR727PrD4meHJAa5z8JkHUHAt3uL1kmtgxUNitnUUomqwmdjgHM3wfzmhDsTf4YT) + +[https://cardanoscan.io/address/DdzFFzCqrhsmtkfeNrFHAXC81mPCTp5atR6jUPKkZYrYu4Po6nBaLAygSHYfMq6LCX9z8Hs4LBJsM26FrEWQD6M1fSvN7Y9qEG9oQU1E](https://cardanoscan.io/address/DdzFFzCqrhsmtkfeNrFHAXC81mPCTp5atR6jUPKkZYrYu4Po6nBaLAygSHYfMq6LCX9z8Hs4LBJsM26FrEWQD6M1fSvN7Y9qEG9oQU1E) + +[https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq](https://cardanoscan.io/address/DdzFFzCqrht3NbxHh4HbCiFWKwASqERy5DNZiHEewFdoNNxBkYUmg1VkfyDJJUjJcon3y5wCPatgti3AjgyKezW1EoEacJtbQvvbs1Wq) + +[https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W](https://cardanoscan.io/address/Ae2tdPwUPEZ6xYrxCgRDM2NQFM5oajHEoJN3i9ZVV2AbsbvxoJBjVu3yP7W) + +The volume from Tf4YT to oQU1E would be 241M. The volume from oQU1E to bs1Wq would be 25M. + +&#x200B; + +&#x200B; + +TLDR: Don't try to hard to make some transaction history a proof of something that is not. + +Guy had too much time and wanted CH to be a bad guy. + +Don't upvote this post too much, because the whole trilogy is a waste of crypto jurnalism. If you have time tho, go to the 2nd part and downvote the moonfarmer. Fake proof should not deserve moons IMO. +The current weekly distribution of donuts is: + +* 77% to community members based on weekly comment and post karma +* 15% to the community fund +* 8% divided equally between mods + +Of donuts received through distributions half are "locked". Locked donuts are used to determine vote weight on r/ethtrader governance polls. Unlocked, transferable donuts, such as those allocated from the community fund or tipped between users do not increase the recipients vote weight. + +&nbsp; + +This is a proposal to change the distribution of donuts to: + +* 77% to community members based on weekly comment and post karma (unchanged) +* **23%** to the community fund +* **0%** to mods + +The increase in allocation to the community fund (8%) would then be redistributed equally between mods (8/23, or 34.78% of the weekly community fund allocation). Donuts awarded for moderator work would not increase moderator voting influence. + +&nbsp; + +[View Poll](https://www.reddit.com/poll/bx53uz) +[https://news.mcdonalds.com/news-releases/news-release-details/im-ready-monday-said-nobody-everuntil-now-mcdonalds-declares](https://news.mcdonalds.com/news-releases/news-release-details/im-ready-monday-said-nobody-everuntil-now-mcdonalds-declares) +(This probably wouldnt apply to someone who got one big windfall of say 50million or something) + +But at what net worths have you noticed a significant boost in your quality of life?? + +I’ve passed 1million a while back, but notice I really live the same life I did back when my net worth was say, 300k. + +I’ve read online 5mm is a big step-change. +and 10mm as well. + +But would you say 10mm-20mm is essentially the “same life”?? + +Thx in advance. +And we got in when we had to. People think the squeeze is coming? The peak may be coming but the squeeze has already started. It went from, what, $15 in January? To 10x+ today? + +If we did not act in January, the hedge funds would have already covered and gotten away. + +We have been trying to pin them down like a wrestling match this whole time while they wiggle and squirm and try to shake us off. There would be no squeeze if we came in at a later time. + +We were not early. We were just in time. You can even argue we were late cuz we still need to pick up our sibling apes at $480. But hell yes we were right. And we still are. +More specifically, what stock do you hold now that you believe will hold or increase in value long after you're gone? What are the smaller, overlooked companies out there you believe will grow in the future? +**Preamble:** The current jump in US consumer prices has understandably spooked investors. The current CPI numbers stand at 4.2 percent which is the highest they have been since Sep 2008 (the increase was almost 4x of what was expected). + +https://preview.redd.it/hbqazq6ek2171.png?width=365&format=png&auto=webp&s=74eadb25a157f0eb06f2fc177ca21eeecf52b40b + +While it is definitely [questionable](https://www.usinflationcalculator.com/inflation/current-inflation-rates/) to showcase the annual inflation rates like how they have done here, the sudden rise in inflation that we are seeing currently can have serious long-term effects. To understand how increasing inflation can have detrimental effects on the market as a whole and the stock prices, first, we have to understand the basics of inflation. + +**What is inflation:** To put it simply, inflation can be considered as the rise in price of goods and services which in turn reduces the purchasing power of each unit of currency. As prices of products inflate, each unit of money undergoes a proportional drop in value. [Zimbabwe](https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe) is an extreme example (they had to print banknotes of 100 Billion) of what happens when a country does not control its inflation and goes into hyperinflation. A sudden rise in inflation can have an insidious effect on the economy: The raw material prices increase; consumers can purchase fewer goods, and revenue and profits of companies decline until a new equilibrium is reached. + +**Is it a serious concern among investors?** + +https://preview.redd.it/y5euumxfk2171.png?width=623&format=png&auto=webp&s=e50fa2852db7a4ff3c648499fab4149dd23f5187 + +I analyze mentions and sentiment of various stocks to identify trending ones. I used the same data I collected to see the number of mentions of inflations and how it trends with S&P500. As expected, mentions of inflation have a negative correlation with how the market performs and we can see that it has exploded over the past few days. + +**How does inflation affect stock price?** + +The relationship between inflation and stock prices is not straightforward and no single rule applies. In the long run, shares can act as a hedge against inflation. i.e, the companies had enough time to adapt to the inflation in input prices and adjust their own prices, thereby increasing revenues and passing down the cost to consumers. + +But let’s be real here. None of us are interested in the long-term behavior and want to know the short-term impacts on stock prices. In general, stock prices have an inverse correlation (as can be observed from the chart above) – i.e, as inflation rises, stock prices fall. This can be attributed to multiple factors such as falling short-term revenue and profits, general economic slowdown, and a prospect of lowered real returns. But the single most important factor to consider for short-term stock price swings is interest rates. + +**Interest Rates** + +https://preview.redd.it/nsplxyohk2171.png?width=594&format=png&auto=webp&s=db044c0fd63d2bf2396e095e5bc306489204a4d4 + +The U.S federal reserve interest rates have been near zero from the time pandemic hit the country. This caused the market to be on a massive bull run over the past year as there are no attractive alternative investments that can generate a respectable return. This, along with the massive Covid economic relief bills, channeled a massive amount into equities (bonds with almost no interest were not an attractive investment anymore) + +https://preview.redd.it/eze2j12jk2171.png?width=624&format=png&auto=webp&s=0351d45013eb9bb4be06a43ac2e4ef1254d23088 + +”Money printer go brrr” was not just a meme. 1/5th of all US currency in circulation was printed in the last year. Out of this, only a small portion went into the actual paychecks that people received and a vast majority was used for keeping companies afloat. While the Fed still hasn’t announced any concrete plans for an interest rate increase, it certainly is on cards if the inflation continues unabated. + +**What does it mean for my portfolio?** + +Historical research indicates that during high inflation periods, growth stocks drop in price. This is predominantly because the valuation of the company is based on future expected cash flows and the increasing inflation rates will reduce the current value of the company, thereby adversely impacting the share price. + +https://preview.redd.it/54n0nmokk2171.png?width=624&format=png&auto=webp&s=eb67253b4c9c050b28642e9dfeca09379d9bc66a + +Depending on where you believe our current economic cycle is, we have multiple options. If you think that the market is still in a recovery phase, you can still continue to invest in Growth stocks but if you believe that the market is overheated and inflation would be the final trigger for a slowdown then Value stocks, Commodities, and Real estate investment trusts can act as a good hedge against inflationary market changes. + +**Conclusion** + +The short-term plays based on inflation entirely depends upon whether you believe the Fed’s explanation that the current jump is transitionary in nature and will settle down, or that the rising prices of consumer goods will finally force the Fed to increase their interest rates leading to the end of the bull run over the last one year. Whatever the case may be, we are in for some wild swings when the next inflation report comes out. + +*Disclaimer: I am not a financial advisor.* +[Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others](http://pubs.aeaweb.org/doi/pdfplus/10.1257/089533003772034934) + +This week's article was nominated by /u/Interalds, who writes: + +> NBER abstract: + +> Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way, are discussed in the light of the optimal way to escape. The optimal way involves three elements: (1) an explicit central-bank commitment to a higher future price level; (2) a concrete action that demonstrates the central bank's commitment, induces expectations of a higher future price level and jump-starts the economy; and (3) an exit strategy that specifies when and how to get back to normal. A currency depreciation is a direct consequence of expectations of a higher future price level and hence an excellent indicator of those expectations. Furthermore, an intentional currency depreciation and a crawling peg, as in the Foolproof Way, can implement the optimal way and, in particular, induce the desired expectations of a higher future price level. I conclude that the Foolproof Way is likely to work well for Japan, which is in a liquidity trap now, as well as for the euro area and the United States, in case either would fall into a liquidity trap in the future. + +> Svensson has a few other papers in this vein that I'll round up; they are a mixture of technical articles and popular articles. E.g. this piece[2] and some popular writing while he was at the Riksbank. + +> The 2003:IV JEP also has a symposium on sovereign debt that would be interesting to revisit in light of recent events in Europe. + +*** + +That concludes the May AotW series. Please send in recommendation for June papers in the [nominations thread](http://www.reddit.com/r/Economics/comments/26g0h9/article_of_the_week_nominations_thread_for_june/) +SAFEBTC a project created on 20 of March with a very strong community. SAFEBTC price is currently consolidating and getting ready for the next big jump. Take a look at their whitepaper, ownership was renounced and the project was already audited. Listed on DigiFinex and Indoex and Hotbit and pancakeswap. + +&#x200B; + +SAFEBTC is a community deflationary token where all holders have the ability to generate passive income due to the tokenomics of a 4% tax (slippage) that needs to be used. Without having to pool your tokens, the SAFEBTC community is continuously rewarded through group distribution of 2% of every transaction completed with SAFEBTC. Another 2% of every transaction gets locked for liquidity forever. + +We just did a partnership with Coinpayments which allows SAFEBTC to be accepted as a currency payment with global merchants such as Shopify, Magento, WOO Commerce. + +By hosting #SafeBTC on CoinPayments, we can take advantage and benefit from the following: + +\-2.3 million merchants and users, across 182 countries + +\-Increased user adoption + +\-Hosted wallet solution for users to store, send and receive without having to download a desktop wallet + +\-Support for e-commerce capabilities through easy to use APIs and plugins for all the major platforms (Shopify and many more) + +\-Increased online presence with #SafeBTC being displayed to milions of users and website traffi + +&#x200B; + +We are also available on the SWFTBlockchain, which is partnered with Binance. + +We have our own wallet coming later this month, where you can track your safebtc value as well as any other coin you hold. It will have the option to follow charts for any coin you own, and can exchange one currency for another currency. + +Safebtc crypto credit and debit mastercards coming which allow you to purchase anything anywhere worldwide, aslong as they take mastercard there. It will be fully untraceable,and can load up any amount of safebtc and change it for fiat in card and then use it. It will also be able to be used for ATM's and to withdraw cash from them. + +&#x200B; + +Starting may 17th we will be unleashing global marketing and will start with SAFEBTC billboards in New York City in Times Square for two weeks. + +Huge influencers and brand ambassadors coming from companies like NFL, NBA, UFC, and Boxing. + +&#x200B; + +🌎 Announcements; + +NYC Timesquare - [https://twitter.com/SafeBTCOfficial/status/1394681207464550403](https://twitter.com/SafeBTCOfficial/status/1394681207464550403) + +Partnership with [Footballstars.io](https://Footballstars.io) \- [https://twitter.com/footballstarsio/status/1395507545989599232?s=21](https://twitter.com/footballstarsio/status/1395507545989599232?s=21) + +SafeCity launching this weekend – [https://twitter.com/safebtcofficial/status/1395495358063652871?s=21](https://twitter.com/safebtcofficial/status/1395495358063652871?s=21) + +📝 Pending; + +[https://www.kucoin.com/](https://www.kucoin.com/) Exchange Listing + +[Gate.io](https://Gate.io) Exchange listing + +[Travala.com](https://Travala.com) \- [https://twitter.com/travalacom](https://twitter.com/travalacom) + +SafeWallet +I’m trying to figure out what my next move should be to get to FatFIRE and I’m hoping this community can help me out. I’m going to organize this post into three parts: + +* My current situation +* How I got to where I am +* What I’m looking for + +**My current situation** + +I’m 37/m with a wife and two young kids. I work for a unicorn tech company and have a total comp of \~$300k/year. I have equity in three private companies, one of which is the one I work for and is the most successful of the three – the other two are smaller but definitely viable. All three companies are post Series C. If I’m taking an optimistic but realistic view of my equity, I’ll net $1-2m within the next 5 years. But of course who knows when it comes to startup equity, especially in this market. Otherwise, I have about $500k in assets which includes cash, home equity, a 401(k) and a small investment portfolio. No debt. My wife doesn’t bring in any notable income. + +**How I got here** + +Among other jobs, I’ve been an early employee at two reasonably successful startups, one of which had a decent acquisition by a private company (which I still work for). I received equity in that company for the acquisition, and also have options. My career has taken a winding road. I’ve been in the same industry but no matter where I work I’ve always been the person focused on “what’s next”. I’m the person who everyone can depend on to take the reins of a major challenge or opportunity, especially if it’s on the bleeding edge and/or opaque, identify the real problem to solve, and do whatever it takes to make the initial solution real and get it on rails. On the one hand, this has made me pretty valuable at each of my employers, but on the other hand I’ve always had more specialized executives brought in above me. So now I’m at a point where I’ve created a lot of value in my career, but still I don’t feel like I’m on track for FatFIRE and not sure how I’ll get there without the “deep and narrow” experience that will get me into an executive role at a decent sized company. Even at my current company, I am clearly valued from the C-Suite down, and have a small team that provides outsized impact, but I’m having a hard time seeing a path beyond where I’m currently at (Senior Director). + +**What I’m looking for** + +I'm making a big push to take on a broader remit, with more comp and a step up title, at my current company. But I think I need more irons in the FIRE (get it?) in case this play doesn’t work out. I’m losing valuable time in what should be the prime of my career. So my main questions are: + +* Should I focus some of my time and energy on making a move, or try to make the most of what I have where I'm at? +* If yes to the above, what kind of companies and/or roles should I be looking for? I need to maintain my current income level, so early stage startups are likely out of the question. +* A big part of me wants to switch industries to one I’m more passionate about (physical sciences), but I don't have any direct experience or expertise there. Is that a bad idea? + +Thanks in advance. +It seems like wallstreetbets has been invaded thoroughly by shills. 20 new mods in 2 days. Great GME posts are actively being deleted, while shitty obviously fake pump and dump yolo’s are being held. + +But it won’t stop here. Here is what I think happens during the MOASS. Wallstreetbets will be flooded with GME posts, the mods know they should not delete the GME posts right then, because they would betray themselves for being (paid by) shills. I would expect a lot of posts who will say hold, don’t sell, the whole rightful GME morale. +But you know what will happen when GME has reached between $1000-$5000? The subreddit is going to be actively posting their “great” GME gains, and on their screenshots there will be seen that they have sold. GME newbies would obviously think, “well they are selling, it’s better if I sell too right now.” This is a great problem, because selling GME at $5000 dollars is not even close to what it’s potential price could be, which in my opinion is easily hundreds of thousands of dollars, and with brave apes, even millions. +The selling at $5000 is the tactic of the shills, if they notice that GME is squeezing, their only option is to make people sell early. Hence they have infiltrated WSB to post fake portfolios way too early during the MOASS. + +Be careful guys, those shills have dirty tactics, probably some we don’t even know about. Our best option is to stay at r/superstonk. And during the MOASS, listen to the trustworthy people like Hank, Rensole and many more great people on this subreddit. +If a mod reads this, please discuss with each other to set the karma requirements even higher for posting and commenting. And demand accounts to be even older, why? Because shills have actively been creating reddit accounts a few months ago, just to post on reddit during the MOASS. + +TLDR: Wallstreetbets has (likely) been infiltrated by shills. They will probably post fake portfolios, where they will show that they have sold at a price around $1000-$5000, which is way too cheap. This will motivate other people to sell too, while a price between $1000-$5000 is way too low to sell. Just another shill tactic we should be aware of. +Be aware people, there's someone who is out there stealing credit cards somehow and then posting similar charges that Netflix would normally do. AMEX informed me that I was charged by a suspicious business based out of Amsterdam who's read NETFLIX.COM. Would be very easy to be fooled by +Hello World. As should be obvious by now i will be your guest host today. + +Over the last three days we had some extreme Volumespikes in germany as pointed out to me by u/Forthegoodpeople Let's see if Shitadel will keep using germany for their shit. + +[https://imgur.com/gallery/NwKT5JR](https://imgur.com/gallery/NwKT5JR) Volume over the past few days + +Current Price:"115 minutes in 174,01" + +Current + +FAQ: + +# Where do you get our numbers from? + +I too trade through my bank account and just refresh the page to see the current price in dollar. + +# Why are your numbers different from the ones I'm seeing online? + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). That's why my movement may differ from your sources online. + +# I don't trust those germans, look at what they did in the 20th century...can I get another source? + +Sure, you can take a look here...just remember to convert from € to $! [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) + +# Can you post the volume too? + +I will post the volume later in the day the asfor mentioned u/Forthegoodpeople has access to an Bloomberg terminal and agreed to send me a picture of the Volume. + +0 minutes in 171,30 + +05 minutes in 171,39 + +10 minutes in 171,41 + +15 minutes in 171,41 + +20 minutes in 171,38 + +25 minutes in 171,39 + +30 minutes in 171,39 + +35 minutes in 171,42 + +40 minutes in 171,30 + +45 minutes in 171,28 + +50 minutes in 171,35 + +55 minutes in 171,35 + +60 minutes in 171,35 + +65 minutes in 171,29 + +70 minutes in 171,31 + +75 minutes in 171,77 + +80 minutes in 171,48 + +85 minutes in 171,46 + +90 minutes in 171,46 + +95 minutes in 171,96 + +100 minutes in 171,85 + +105 minutes in 173,34 + +110 minutes in 173,47 + +Well premarkets about to open so once again it has been an honor to guest host Diamantenhände. + +I assume u/derGurkenraspler will get better over the weekend if not i will be happy to pitch in again for him. + +# As always dont forget to BUY HODL and VOTE + +# 💎👐 +I've seen lots of references here to umbrella insurance as a recommended tool in the FatFIRE toolbox. [It sounds goods](https://en.wikipedia.org/wiki/Umbrella_insurance) but I'd like to hear about some specific claims where umbrella insurance was really useful. + +If you've made a claim against your umbrella insurance (or heard of someone making a claim), I'd love to hear about it! +So profit is my primary motive, but I like to do good. I'm invested in an area with lots of triplexes and its low income. + +I'm trying to think of a way to sell out (or maybe a rent-to-own scheme) to a "good" tenant who aspires to be a landlord. Then use the proceeds to buyout a "problem" property and repeat the process. Overtime, change the neighborhood to a large amount of absentee landlords and into a neighborhood of owner occupancy. + +Pie in the sky I know but the idea sounds cool to me. I'm probably older than a lot of you so I guess that's my headspace. + +As for me, I used to own two triplexes, had a liquidity issue had sold one for a large profit. Current triplex is in good condition. I have a good manager that I trust. + +Can someone help flesh out my idea? + +Is this just another boneheaded idea? + +Thanks! +Edit: How could I forget my chart! [https://imgur.com/9XA9whv](https://imgur.com/9XA9whv) + +So I made a post about a year ago that was received well and I figured, since I hit my 3 year work anniversary today at 26, now would be a good time to do another update. [u/RuSHiinIDaYLiTe](https://www.reddit.com/user/RuSHiinIDaYLiTe/) also made a similar post recently which inspired me to do mine. + +Old post: + +[https://www.reddit.com/r/financialindependence/comments/dmzgfe/2\_years\_of\_net\_worth\_tracking\_a\_promotion\_and/](https://www.reddit.com/r/financialindependence/comments/dmzgfe/2_years_of_net_worth_tracking_a_promotion_and/) + +2020 has been a historical year. With the coronavirus, job losses and the stock market crash, we certainly witnessed some life changing events. The market crash was the first one I have ever experienced and it was wild seeing 10%+ drops in a single day. But I knew this was what I signed up for and I stayed the course. Luckily, I remained employed throughout the year, which was a good reminder why I chose to pursue engineering in medical devices. I even negotiated a 7% raise in March which really helped me invest aggressively. As the stock market recovered, I couldn't help but feel guilty seeing my portfolio soar while others were getting laid off. It's a good reminder to never take your job for granted. This was a good experience to have, as I sometimes dread coming into work. + +Onto the financials... + +I started 2020 with about $42k net worth, which was made up of $9k in cash, $38k invested and $5k on my credit cards. My cc balance is never this high but I splurged on a watch at the end of 2019 to celebrate my success. I always pay my cc in full every month. Throughout the year I have been on track to max my retirement accounts for the first time while also saving additional cash on the side. This is challenging to do as I decided to go all Roth for my 401(k) and IRA. Many people have asked why I do all Roth and simply I just want to pay taxes now and be done with it. Tax-free growth is awesome, I can afford to do it, I don't know what tax bracket I'll be in during retirement and I don't know what tax rates will be in the future. I am totally fine locking in my current tax rate. I also like looking at my account balances and knowing that (almost) every dollar is mine (with the exception of employer matched funds). + +Today I hit my 3 year work anniversary and am now fully vested in my 401(k), which locked in about $4k in assets. My current net worth is sitting over $80k at 26. It almost doesn't feel any different than $40k. This is because I have that FIRE mindset where I'm always living below my means and saving saving saving. My lifestyle never changes. To break down my assets, I have about $16k in my IRA, $49k in my 401(k) and $18k in cash. My net worth is now greater than my gross base salary. This progress feels great. While I don't have a lot of money, I certainly am beginning to feel more free. It's a nice taste of financial independence. Just knowing that if I lose my job I'll be totally fine is a great feeling. + +So if we zoom out 3 years, I was in a much different place. I basically had no assets and $74k in debt. My parents did pay about a third of my debt and allowed me to live at home until I paid the rest off so that was a HUGE help. So in three years I was able to increase my net worth by about $154k and that was while compound interest was working against me! I can only imagine how powerful compound interest will start working for me as I reach $100k, $200k net worth and so on. The crazy part about this progress is that I am not depriving myself. I live on $1680 per month and that includes $300 to spend on whatever I want. Sometimes I bend the rules, like last month I bought a gaming laptop just because I felt like it. I don't feel bad about purchases when I have assets. But I am really able to live well on about $20k per year. + +What are my goals? Well I still really want to buy a house. My fiancee and I saved up about $23k in cash combined. I'm thinking we'll need at least $50k to cover a downpayment, closing costs and a 6 month emergency fund. We are in no rush to buy a house and want to make sure that we set ourselves up for financial success before we settle down on a property. I am really excited to hit $100k net worth. If the market stays stable I think I could do it before the end of the year. If the market crashes again, so be it. My strategy won't change. + +That's all I got! Thanks for reading and feel free to ask me any questions or share your progress. Happy Friday. + +Edit: Added line about my parents helping out by letting me live at home and paying off a third of my debt. This was in my old post that I linked from a year ago but someone suggested that I add it here too. +1: where do I get market data, historical and live. Any free sources? +2: how would I send buy and sell signals to the broker? + +I wrote some scripts in Quantconnect but wasn't too keen on their UI and graph making stuff. +I am familiar with Matlab but could use python as well. + +This whole sector of the internet seems very vague and professional and most of the time, websites and forums just say things that go over my head or just don't seem to be exactly what I need. + +Edit: +I should clarify, I haven't been backtesting algorithms for a year straight, but I have been day trading and making algorithms in Quantconnect on and off for about a year now. + +Sorry for not replying until now, I accidentally had notifications turned off. +The psychological side of FI is rarely discussed, so I wanted to share my experience about losing purpose, which come up through discussions in other posts. + +&#x200B; + +When my career felt like someone else was pulling the strings I made FI my purpose in life. My life was so committed to it that giving up never felt like an option. I finally reached my goal, then retired early to spend time with my family. My purpose in life was now gone, but I expected new goals to replace it. + +&#x200B; + +FI made so many opportunities possible, but I wasn’t really motivated to commit to anything, which started making me feel guilty and a little bored. Things became worse when I isolated myself and tried to bury these feelings by keeping busy. When I finally broke, I unexpectedly found something I enjoyed doing, writing. It didn’t feel like a life purpose, but that wasn’t so important anymore. Writing helped me connect with others in a similar situation, which was an important step for me to appreciate the achievement, and start enjoying FIRE. + +&#x200B; + +What are your experiences of, or questions about, the psychological effect of becoming FI? +I just feel like giving up. I haven't really felt good in a long time. For several months, I've been working, trying to convince myself that I'm all good but all my efforts ended in failure. I keep trying to learn from my mistakes but its like as if I'm just unable to succeed. + +For months, I've been consoling myself, telling myself, " It will get better, it will get better" and it does occasionally, only for things to turn around and become much worse. + +My business venture just crashed. My parents owe debts of over $$100,000. My family hasn't known financial security for ages. I don't feel good when I go home because I often hear my mum lament about her predicament. Covid struck and cut off whatever lifeline she had in her jobs so she's been almost unemployed. My dad doesn't talk about it but you can see the torment on his face. + +As I speak, I am at the lowest point in my life because finally all my walls have crumbled and crashed down on me. + +I live in Uganda and I am studying ACCA but my folks can't even make the fees to pay for my studies in time. I have no social life. I last talked ro my friends over 6 months back because I have no interest to keep up with them. All my interest has been in helping my family and I out of our messed up situation. + +I can confidently say that it's only by the grace of God that we've been able to get by. When I was in high school, I used to find solace in my away from home for over 9 months of the year but that escape is no longer available. All I have is torment after torment. + +My appetite for food is hardly there. I eat but I don't enjoy the food. It's like everything has turned to ashes right before my eyes over the course of these many years. + +I know that I am empty but even in all this torment and anguish, I want to keep putting one step in front of the other for the sake of my parents. I just don't know how. I have no money at all. I am dependent upon my siblings. I don't even have at least 1000 dollars to get me up and running on the other money making ideas I have. + +If this is what emptiness feels like, then I look forward to the feeling of wholeness. + +If you have any suggestions for me as well as advice, please tell me. +Hi /r/ukpersonalfinance. A few years ago I decided it was time to start investing some of my savings, but it took me a good year or so to build the confidence to actually start doing that. I've finally got around to writing up some of the things that I wish I'd had explained to me earlier, rather than having to figure these things out myself. I think a lot of this stuff is probably in the wiki, but I wanted to create an accessible summary that I hope someone like me a few years ago would find useful. + +(I've also posted this at https://reboapp.co.uk/blog/2019/06/17/your-first-steps-investing/) + +# Getting started with investing + +At some point in your investment journey you will make your first investment. It can be a scary leap to take your hard earned cash and put it into something with unpredictable returns. The world of investing can also seem like it's only for experts but it's actually surprisingly accessible and easy to do for anyone, so long as you understand a few basics. + +## What is investing? +Investing isn't scary, or something that only people with lots of money and experience and risk tolerance can do. It's not about taking risks and making millions (or more likely going broke) but rather it's about doing something more productive with your money than having it sit in a cash savings accounts. + +An investment is just something you own which you expect to either go up in value or produce income for you. Owning shares in a company is one example, since companies tend to both grow and pay out portions of their profit as dividends to their shareholders. Other examples of things you could own as investments are [government bonds](https://en.wikipedia.org/wiki/Government_bond), [corporate bonds](https://en.wikipedia.org/wiki/Corporate_bond) and precious metals. + +## What should I invest in? +Sadly, there is no definitive answer to what you should invest in, but there are a few well understood principles that should let you construct an investment portfolio that is right for you: + +## Diversification +There is always uncertainty in investments but you can reduce the risk and volatility by being invested in lots of different things. For example, if you only held shares in only one company, and that company went bust, you would have lost all of your investment. However, if you were invested in 100 companies, then chances of them all going bust is much smaller small, and so your risk is significantly reduced. + +If all of those companies were in the same sector, or of a similar size, then there are still risks of the economy shifting in a way that puts all of those companies at risk at the same time. To help prevent this, you could diversify your investments across companies of different sizes, and in different sectors. You could also invest in other types of investment, like bonds. Ideally, you'd hold investments where the behaviour of one investment is unrelated to the behaviour of the others. + +## Be in the market, don't try to beat the market +If you look at the historical trend of the UK and world stock markets, there has been long term growth. This may not be true year to year but on a long enough time-frame it is. If you had a small investment in every company in the UK, you would have historically seen long-term growth of your investments, regardless of the individual success or failure of each company. + +An alternative strategy would be to try to pick individual companies and investments which you think will do well. However, it's nearly impossible for an average investor to reliably pick investments that will beat the market on average. There are lots of well-funded, clever people working on this full time who struggle to do so, so you probably can't. Instead, if you can aim to replicate the growth rate of the market through your investments, then you will historically achieve reliable long-term growth, which is a good aim to have. + +## How to achieve these aims + +To be diversified and replicating the market, you'd need to hold many hundreds or thousands of investments. Fortunately, there are things called funds which handle all of this for you. You buy units of a single fund, which in turn holds many hundreds or thousands of shares in different companies, or bonds, across different countries, or sectors, or sizes, depending on the fund. + +The [Vanguard Lifestrategy funds](https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds) are specifically designed to meet the above aims. These funds are popular amongst individual investors who want to have a passive approach, holding investments in a small number of funds which are a diversified across different sectors, assets and markets. + +## The logistics of investing + +Buying units of these funds is a little more complicated than adding cash to a savings account, but not much more. You will first need a trading account with a broker. This is like a bank account, but where you can hold investments in shares, bonds, funds and other tradeable assets. Like a bank holds cash on your behalf, a broker holds the investments on your behalf, and interacts with the systems and markets where these investments are bought and sold. + +[Monevator maintain a list of brokers, and the fees they charge](https://monevator.com/compare-uk-cheapest-online-brokers/), which may help you in selecting a broker to use. Opening an account tends to be similar to opening a bank account in terms of the number of hoops you need to jump through, but different brokers may have different processes. + +After you've opened a trading account, you can transfer cash into the account. From there you can use that cash to buy units in a fund, or other investments. The price of a single unit of a fund varies daily based on the value of the underlying assets. When you choose to buy the fund, you will typically tell your broker to buy some amount, for example £1,000, of the fund. The broker will then execute this trade for you. For some asset types, like shares in a company, this may happen quickly, but for funds like the Vanguard Lifestrategy, these trades happen once per day. So you will find out the next day (or potentially a few days later), what the price was at the time of your broker performing the trade for you, and so how many units you have actually ended up with. Note that unlike shares in a company, you can hold fractional units of a fund, so you can likely choose down to the penny how much to invest, regardless of the price of the fund. + +## Different types of account + +You may have some of your cash savings in an ISA, where any interest is tax free and that you can contribute up to £20,000 per year to. You can also hold your investments in a similar Stocks & Shares ISA, where any income and or capital gains from your investments are tax free. You have a total allowance of £20,000 per year across both cash and Stocks & Shares ISAs. + +You can also hold your investments in a [SIPP (Self Invested Personal Pension)](https://www.moneyadviceservice.org.uk/en/articles/self-invested-personal-pensions) account, where any contributions get a tax rebate, but you can't withdraw until you are 55. + +When you open an account with a broker, you will have the choice of opening a regular trading account, an ISA or a SIPP. You will be able to open multiple accounts of different types if you want to. + +## Tax implications + +Before you make your first investment, it's important to know that holding investments may introduce some additional complexity to your tax situation: + +* If your investments produce income from interest payments or dividends, you are liable to pay income tax on these. This tax will not be deducted automatically as it is when you are a PAYE employee, and so will need to report this to HMRC yourself via a self assessment tax return. +* When you sell any investments, you may be liable for [capital gains tax](https://www.gov.uk/capital-gains-tax). If you bought some assets for £10,000 and then sold them for £12,000, you would have made a capital gain of £2,000, on which capital gains tax may be due (although you have a tax-free allowance each year). + +The above only applies to investments outside of a tax-efficient wrapper. Investments in an ISA or SIPP will not be liable for the above taxes. + +## Next steps + +This is only meant to be a high level overview of what you need to know and think about while investing, and it's certainly not comprehensive. You should make sure that you fully understand the implications of starting investing, do your own research, and speak to a financial advisor if you are uncertain. Good luck on your investment journey! +[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 want to start a Roth Ira with $2,000 while feeding it atleast $70 a month (16 years old right now). I currently work at a retail job part time. So making that money isn't too dificult. + +1) Should I start one? + +Also, how come everyone doesn't make one if they know it exist? Like if I knew this existed, I would've started fresh out the womb. + +2) How come everyone doesn't start a roth ira? + +Do some people not have one because there are many negatives? + +3) Do the negatives outweigh the positives? +Hi everyone, long time lurker and first time poster. As I said, I'm 22, I have a job offer in the financial field after college making $55k before taxes. I would love to stay in my current studio apartment in the center of town that is $1,216 a month. I have a very toxic at home environment as my father is an alcoholic and currently just lost his job and is letting the house go to shit. I would only save money on rent as I would have to buy my own food, gas, etc. I'm really afraid how this will affect my mental health. My goals is to pay off my loans as quickly as possible but I don't believe it will be worth the mental struggle living at home. If I do go back home, I would be looking for an opportunity to moving back here as quickly as possible, after my loans are paid off or close to being paid off. + +A little backstory is I go to a in-state local college and my parents who are not smart with money at all "helped" me with my loans to pay for school and living. Thankfully my aunt got involved who is financial independent and smarter with money than my parents. My aunt had generously offered to pay for my rent while I was in college for 3 years to lessen the amount of student loans I had already accrued. Now nearing graduation, my lease is up on my apartment in 10 days and I would love to take over the rent from my aunt to avoid having to go live at home in a toxic situation but I am wondering if I am being overly optimistic about my situation as student loans are the biggest factor in this. + +Also, my aunt had contributed to an investment account since I was born that is now in my position that is worth around $20,000. + + + +My income: + +$50,000 before taxes + +$43,984 after PA taxes + +$3,665 per month + + + + +Investment: + +$20,000 in brokerage account + + + +My student loans: + +Loan 1: $28,003, Interest Rate 9.55%, Repayment 15 years + +Loan 2: $19,487, Interest Rate 6.50%, Repayment 15 years + +Loan 3: $17,408, Interest Rate 2.00%, Repayment 15 years + +Loan 4: $15,389, Interest Rate 9.88%, Repayment 15 years + +My minimum monthly loan payment would be $746 + + + + +My monthly expenses if I stayed in my apartment: + +Rent: $1,216 + +Parking: $125 + +Internet: $100 + +Electric: $120 + +Cable: $0, I don't watch/need cable + +Groceries: $200 + +Spotify: $10 + +Gas $100 + +Total monthly expenses/rent: $1,771 + + + + +Based of my monthly income after taxes and paying for rent/expenses. I would have $1,058 left over each month. I would want to use the leftover to pay more than the minimum amount for my loans. I want to know what the best scenario would be for me to do is if I can afford to stay in my apartment while paying more than the minimum to pay off my loans quicker. As well as if I should use the $20,000 from my investment account to pay down my loans quickly. + + + +I really appreciate any responses, thank you. +Pretty much what the title says. I can’t help a close friend out as quickly as their family needs the $$. They said they would pay me back in 2-3 months with interest. + +My assumption is a bank doesn’t make a loan that small. + +What other options could I suggest to him? Are there other ‘institutions’ that make smaller loans like that? Thanks in advance for your advice. + +First stock I ever bought was APT with zero DD based on my noticing their signs in store and a ton of my peers talking about using it. God damn I wish I was into this sub back then and yolo’d my life savings! + +But none the less gains are gains and hopefully I can replicate my beginners luck. + +Should I have sold a few weeks back at $150? Probably ! but I’ll be dammed if I’m gonna diamond hand my gains to 0. + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/7dgep82x5xl61.jpg?width=787&format=pjpg&auto=webp&s=4675ae0de110977369fd22604af4441f37b026d8 + +https://preview.redd.it/vb1g492x5xl61.jpg?width=792&format=pjpg&auto=webp&s=053f9ee97c50f5d5a4920e7c7bccf3c1f3b803d3 +I legitimately feel Z1P has a strong base to reach higher. Been hearing non-stop from merchants and users that they prefer using Zip to Afterpay. They now followed APT into a massive retail market. This market is huge, there is definitely room for both to grow! + +Surely after May/June results get posted it’ll start to rise again. Don’t be scared off, day traders are cashing in now + +Keep holding boys 🚀🌕 +S'up cucks, hope you're all enjoying the weak volume, limp dick market we have at the moment. + +Got a bit to get through, so lets get it done and fuck off to enjoy the weekend... + +&#x200B; + +**UPDATES** + +&#x200B; + +\- u/zupahorse has [cancelled the recession](https://www.reddit.com/r/ASX_Bets/comments/w4szoz/recession_is_cancelled_folks_maybe_gfm/?utm_source=share&utm_medium=web2x&context=3) for you all. Cheers bud, appreciated... + +&#x200B; + +\- u/Mutated_Cunt is back and systematically [dismantling ZIP](https://www.reddit.com/r/ASX_Bets/comments/w46u9j/anatomy_of_a_dog_why_zip_is_heading_to_10_by/?utm_source=share&utm_medium=web2x&context=3), so naturally the whole BNPL sector had a little pump straight away..... + +&#x200B; + +\- u/Denominator_K gave some insight into [their sex life](https://www.reddit.com/r/ASX_Bets/comments/w50slu/how_can_this_possibly_go_wrong_lambo_incoming/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/webpage9 has [won their bet](https://www.reddit.com/r/ASX_Bets/comments/vza320/comment/ig8agxy/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/HMS--Beagle made a casual **220K** in a trade on [SPX calls](https://www.reddit.com/r/ASX_Bets/comments/w9tz2c/comment/ihxat47/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**NEW BETS** + +&#x200B; + +\- u/HMS--Beagle had a run at a [donation bet](https://www.reddit.com/r/ASX_Bets/comments/w1kzxn/comment/iglthar/?utm_source=share&utm_medium=web2x&context=3) with BAC. + +\- u/Sufficient_Guess2732 took possibly the safest bet on the exchange, claiming VML would [finish grey](https://www.reddit.com/r/ASX_Bets/comments/w1kzxn/comment/iglo10d/?utm_source=share&utm_medium=web2x&context=3) or it was a week with the damned. u/Calm_Lengths took the opposite side and had a win, with a green day sending u/Sufficient_Guess2732 off to plucky.... + +&#x200B; + +\- u/big_package2650 bet **IVZ** won't hit **40c** by Aug 31 or [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/vza320/comment/ig8homd/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/poptartape will take a [3 month ban](https://www.reddit.com/r/ASX_Bets/comments/vzhqfc/comment/ig91rgl/?utm_source=share&utm_medium=web2x&context=3) if **IVZ** doesn't hit **$1** during their drilling campaign. Theres also talk of a romantic gift to the whale if it does. + +&#x200B; + +\- u/shitredditsays01 risked a [weeks ban](https://www.reddit.com/r/ASX_Bets/comments/w128jq/comment/igics9d/?utm_source=share&utm_medium=web2x&context=3) to correctly call a green day. + +&#x200B; + +\- u/kangaroute correctly called **VML staying green** [risking a week ban](https://www.reddit.com/r/ASX_Bets/comments/w37ba1/comment/igvdxb0/?utm_source=share&utm_medium=web2x&context=3) againgst a flaccid 4pm. + +&#x200B; + +\- u/teeedubb risked a week to call no **IVZ** [announcement](https://www.reddit.com/r/ASX_Bets/comments/w3goqe/comment/igz3jp0/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/calm_lengths risked a week to call **VML** [green finish](https://www.reddit.com/r/ASX_Bets/comments/w41dgi/comment/igznw0z/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/kakapo1204 bet **COB** to finish at or above **90c** by end of today or a [2 week ban](https://www.reddit.com/r/ASX_Bets/comments/w4vlfc/comment/ih4upiu/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/willybhoy1 bet that **MAY** will be above their avg. of **.112** on the 1st sept or 2 month ban + +&#x200B; + +\- u/Mutated_Cunt has single handedly turned BNPL around by betting **ZIP** to hit **$0.5** or lower by Friday close [or a week ban](https://www.reddit.com/r/ASX_Bets/comments/w79mo0/comment/ihik5mg/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/theoriginaluser01 bet Elon Musk won't be the CEO of Tesla in 12 months time with $500 to charity [if their wrong](https://www.reddit.com/r/ASX_Bets/comments/w8465k/comment/ihp6x7v/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/mechengguy93 will take a week for a failed [cpi bet](https://www.reddit.com/r/ASX_Bets/comments/w8dt8j/comment/ihsa998/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +\- all you fuckers from [last time](https://www.reddit.com/r/ASX_Bets/comments/v91d4w/the_long_term_holder_maker_bans_and_updates/?utm_source=share&utm_medium=web2x&context=3) are banned. + +&#x200B; + +\- u/MR_X2017 will take 2 weeks for losing [their bet](https://www.reddit.com/r/ASX_Bets/comments/urzrko/comment/i91bgxd/?utm_source=share&utm_medium=web2x&context=3) and feeling left out. + +&#x200B; + +&#x200B; + +**TLDR:** γαμήστε τα όλα +I just wanted to throw out some thoughts that have been bouncing around in my brain lately and see if anyone else here agrees or can refute them. Please don’t down-vote this just because you do not agree with what I am saying. + +Let me start by saying I believe in Ethereum. As a software engineer, I can understand the potential the blockchain has of revolutionizing the way we organize and store information and finances. I have also really enjoyed watching the prices and overall market-cap surge these last few weeks. What worries me is that the amount of money pouring in and the returns seem too good to be true, and I believe when things seem too good to be true, often times that is because they **are**. + +I recently was reading Peter Thiel’s book, “Zero to One” about startups. In it he talks a lot about bubbles. + +Take the following passage: + +> In economics, disbelief in secrets leads to faith in efficient markets. But the existence of financial bubbles shows that markets can have extraordinary inefficiencies. (And the more people believe in efficiency, the bigger the bubbles get.) In 1999, nobody wanted to believe that the internet was irrationally overvalued. The same was true of housing in 2005… + +Here, I believe he is saying that there are hidden secrets within the market that people do not want to believe because if people start to uncover and acknowledge these secrets then the market itself may react and crash or come back to earth. + +To me, the crypto market feels a bit like this. Every day there is some new, hip ICO where some company raises 30 million dollars in just a few minutes after having little more than a white paper, a timeline that could extend for years, and a nice looking splash page. Can you imagine venture capitalists throwing away that kind of money just for an idea? Ideas are a dime a dozen. It is the execution that really matters. + +As of right now very few companies even have a product to show, and even the companies joining the EEA (Ethereum Enterprise Alliance) are mostly in the exploratory phase where their R&D departments are playing around with blockchain. It doesn’t sound to me like there are a lot of big companies using blockchain in production today and providing real value to customers, but if I am wrong please point them out in the comments. + +There was a blockchain browser featured on Hacker News earlier today which seems great, but the problem they are really trying to solve (Providing decentralized access to internet content instead of relying on most of your content being hosted by big companies), I don’t think is really a problem for 95% of the population. I think most people do not even think about that or care about that, but again I would love to be proven wrong. + +For another example, take decentralized cloud storage. I think people are happy with Dropbox and Google Drive, and I don’t see them switching to a blockchain/peer to peer based solution unless it is significantly cheaper for them and the UI works as seamlessly. I am not completely familiar with the technical details of swarm, but at least in the blockchain today there is no way to edit or delete content once it is there, and there is no concept of an access control list (ACL) that I know of. If someone is storing content that they want to delete, and they find out it is public for eternity, they will be furious. I hope these types of things are being actively addressed. One debate I keep having in my mind is about if it is actually possible to build a decentralized app that can have UX on par with traditional apps today. If that can’t happen then mainstream adoption is also not going to happen. + +I feel like right now the entire market is centered around hype and hope for what this technology can do in the future, but it does not seem to be grounded in reality about what it can do today. The fact that Ethereum is now gaining more mainstream attention also means that a lot of people will be throwing money into a thing they do not even understand and wouldn’t be able to explain to their friends. That is also leading me to the conclusion that we are entering a bubble, and I think we should all tread carefully. + +Sorry that is quite a lot of text!! I hope at least a few people make it to the end. I would love to be proven wrong. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, after only two days it feels like we've already had a full week of SHF fuckery. Nevertheless, I have never seen the resolve within this community stronger. The third wave of DRS hasn't wavered, shares are rapidly being transferred out of brokers that use Apex clearing, and Apes have been buying at what must be an alarming rate to the institutions that are just trying to shake us off. This pattern has persisted for *months*, but yet they keep selling us phantom shares and we keep buying them and whisking them off to safety at ComputerShare. + +Meanwhile, the broader market is in very unstable territory, jeopardizing the capital that might have been preventing margin calls. While their prime brokers are probably terrified of the day that they have to start closing the short positions, at some point they will have to recognize that the balance sheets get worse each day, and there is no way out that doesn't leave a trail of broken financial institutions in its wake. + +That day approaches, my friends, but they haven't given up yet. Prepare your Diamantenhände for extraordinary levels of FUD, and gather together as we anticipate what is to come. I delight in seeing the far reaches of the world that this movement has touched, and look forward to sharing the MOASS with all of you. + +Today is Wednesday, January 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: **$98.98 / 87,84 €** *(volume: 2571)* +- 🟥 115 minutes in: $99.03 / 87,89 € *(volume: 2520)* +- 🟥 110 minutes in: $99.09 / 87,94 € *(volume: 2250)* +- 🟥 105 minutes in: $99.45 / 88,25 € *(volume: 1755)* +- 🟩 100 minutes in: $99.51 / 88,31 € *(volume: 1752)* +- ⬜ 95 minutes in: $99.38 / 88,20 € *(volume: 1647)* +- 🟩 90 minutes in: $99.38 / 88,20 € *(volume: 1502)* +- 🟩 85 minutes in: $99.31 / 88,13 € *(volume: 1492)* +- 🟥 80 minutes in: $99.20 / 88,03 € *(volume: 1484)* +- 🟩 75 minutes in: $99.20 / 88,04 € *(volume: 1453)* +- 🟩 70 minutes in: $99.08 / 87,93 € *(volume: 1424)* +- 🟩 65 minutes in: $98.94 / 87,81 € *(volume: 1394)* +- 🟥 60 minutes in: $98.76 / 87,65 € *(volume: 1251)* +- 🟩 55 minutes in: $98.84 / 87,72 € *(volume: 1179)* +- 🟥 50 minutes in: $98.77 / 87,66 € *(volume: 1175)* +- 🟩 45 minutes in: $99.46 / 88,27 € *(volume: 752)* +- 🟩 40 minutes in: $99.43 / 88,25 € *(volume: 751)* +- 🟩 35 minutes in: $98.91 / 87,78 € *(volume: 584)* +- 🟩 30 minutes in: $98.85 / 87,73 € *(volume: 581)* +- 🟩 25 minutes in: $98.73 / 87,62 € *(volume: 574)* +- 🟩 20 minutes in: $98.49 / 87,41 € *(volume: 479)* +- 🟥 15 minutes in: $98.15 / 87,10 € *(volume: 365)* +- 🟥 10 minutes in: $98.21 / 87,16 € *(volume: 335)* +- 🟥 5 minutes in: $98.60 / 87,50 € *(volume: 176)* +- 🟥 0 minutes in: $98.65 / 87,55 € *(volume: 80)* +- 🟥 US close price: $99.79 / 88,56 € *($98.60 / 87,50 € 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 1.1268. 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! +Looking to get in early to a new coin that still has all the big milestones still to be hit? + +Look no further than FairSafe, a new token operating on BSC. + +It's fair in that 3% of all transactions are distributed to existing holders with 5% going to liquidity pool. + +And it's Safe in that the dev has fully doxed himself and is one of the most TRANSPARENT and ACTIVE devs of any r/cryptomoonshots project so far. + +The coin launched just over 48 hours ago and already has over 3,000 holders and almost 2000 active members in the telegram so early into its life. So why invest? The market cap is only $3 million and there’s so many big milestones still to be hit : + +✅ Applied for CoinGecko listing + +✅ Applied for CoinMarketCap listing + +✅ 100 votes off blockfolio listing + +✅ Even more Youtube and Tik Tok advertisements on the way + +✅ NFT Release in the coming days (Twitter artist - 40k followers) + +✅ Audit completed and releasing today + +✅ Applied for listing on multiple exchanges + +✅ Ongoing tik-tok competition with $1000 prize pool + +✅ Big Whales left early + +✅ UK based Developer + +✅ International Community, All Welcome ! + +✅ And so much more to come! + +There are multiple active admins/mods working on future marketing schemes and the group has already overcome multiple setbacks (whales selling, false alarms etc) and continues to grow. If you're interested come see for yourself that this one is different to the rest :) + +And a final word before the links, the community is genuinely great and so much more than just spamming pumping gifs \*cough\* \*cough\* + +Telegram: [https://t.me/fairsafe](https://t.me/fairsafe) + +Website : [https://fairsafe.finance/](https://fairsafe.finance/) + +PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +Contract Address : [https://bscscan.com/token/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca](https://bscscan.com/token/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca) + +Token Burn: [https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454](https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454) + +Chart : + +[https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +&#x200B; + +Finally, like any investment be responsible and only invest what you can afford to lose and watch out, we already have copycat coins attempting to scam people. +Looking to get in early to a new coin that still has all the big milestones still to be hit? + +Look no further than FairSafe, a new token operating on BSC. + +It's fair in that 3% of all transactions are distributed to existing holders with 5% going to liquidity pool. + +And it's Safe in that the dev has fully doxed himself and is one of the most TRANSPARENT and ACTIVE devs of any r/cryptomoonshots project so far. + +The coin launched just over 48 hours ago and already has over 3,000 holders and almost 2000 active members in the telegram so early into its life. So why invest? The market cap is only $3 million and there’s so many big milestones still to be hit : + +✅ Applied for CoinGecko listing + +✅ Applied for CoinMarketCap listing + +✅ 100 votes off blockfolio listing + +✅ Even more Youtube and Tik Tok advertisements on the way + +✅ NFT Release in the coming days (Twitter artist - 40k followers) + +✅ Audit completed and releasing today + +✅ Applied for listing on multiple exchanges + +✅ Ongoing tik-tok competition with $1000 prize pool + +✅ Big Whales left early + +✅ UK based Developer + +✅ International Community, All Welcome ! + +✅ And so much more to come! + +There are multiple active admins/mods working on future marketing schemes and the group has already overcome multiple setbacks (whales selling, false alarms etc) and continues to grow. If you're interested come see for yourself that this one is different to the rest :) + +And a final word before the links, the community is genuinely great and so much more than just spamming pumping gifs \*cough\* \*cough\* + +Telegram: [https://t.me/fairsafe](https://t.me/fairsafe) + +Website : [https://fairsafe.finance/](https://fairsafe.finance/) + +PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +Contract Address : [https://bscscan.com/token/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca](https://bscscan.com/token/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca) + +Token Burn: [https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454](https://bscscan.com/tx/0x8df62134d9cf50c53f119e47f9d410ffadab3b7e24f9ba77b04c357b5da00454) + +Chart : + +[https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +&#x200B; + +Finally, like any investment be responsible and only invest what you can afford to lose and watch out, we already have copycat coins attempting to scam people. +Last year my portfolio had a performance of 105% (calculated using XIRR) but it also had a turnover of 300% meaning that during the year the total amount of positions I sold was worth 300% of my portfolio. + +Last year I had a total of 12 different stocks (GRBK, MHO, PRDO, BTG, PANL, ZIM, UNM, INTC, SU, NMIH, NC, IVZ) and I still own 10 of those stocks. The thing is I rotated a lot of funds between these stocks. I developed a metric that attributes a number of how risky is owning one stock and when one stock falls let's say 10% and another goes up for instance 10% but the fundamentals are unchanged I rotate a portion of my funds to reduce the risk. By doing this all the year I ended up having a 300% turnover. Is this sustainable long term? Am I speculating? This question bothers me because I am not making any predictions on the future price of the stock, I am just considering the current fundamentals and reducing the position as the stock goes up in order to have funds to invest in other stocks that seem more undervalued. I also like to have 25% cash. When the stock market goes down I invest a bit more and reduce the cash position, when it goes up I sell a portion of the assets in order to reach again my 25% cash position. + +This year I already have a 14% turnover ratio and still, own 10 stocks but I have 37% of my portfolio in a single stock. + +Edit: I executed 187 sell orders last year, on average one every two days. Note that I was not executing orders every 2 days, when I decide to reallocate funds I may execute 5/6 orders in a single day. + +Thanks + +\- Daniel +What sector and/or geographical region do you believe is currently undervalued? + +Energy, materials, industrials, and consumer discretionary are the sectors popping up on my screens the most. + +Geographically, china seems to have the most bargains, if you don't mind searching there. +My nephew wants stocks for Christmas. I'd like to get him some books with an IOU for some stocks after he does some analysis. He is 15 and takes college level math. Two questions: 1) what books? 2) what do I need to know logistically about giving a minor stocks? +Can anyone share some of their favorite content creators around value investing. I'm particularly interested on video content over other media. Who is considered the most influential and respected people in this space. I want to focus on lesser known names that are not in the mainstream. +**Thesis** + +Neo Performance Materials (TSX:NEO) has the potential to provide investors with a 22% IRR as the company achieves significant incremental EBITDA from the expansion of their factory in Estonia to include the production of Traction Motor Magnets. The expansion will take place in two phases. Phase I will be the construction of a 2,000-block ton capacity facility that will generate between $135 – 160 mm in incremental annual revenue. Phase II will be the expansion of the facility’s capacity to 5,000-block tons which will increase annual incremental revenue to between $330 – 400 mm. Based on these revenue expectations I expect the 2,000-block ton facility to generate \~$32 mm in EBITDA and the 5,000-block ton facility to generate \~$80 mm in EBITDA. + +**Company Background** + +Neo Performance Materials is the global leader (55% market share) in the manufacturing of NdFeB hot-formed and bonded permanent magnets. These magnets are used heavily in the auto industry for micromotors and have a potentially massive opportunity in the EV market for traction motors. The company is also a global leader (third) in the supply of rare earth materials for catalytic converters. NEO is well established with \~29 years in the rare earth business and is the only company in the world that operates dual supply chains inside and outside of China for REE separation and REE end-use products. NEO has three business segments: + +**Magnequench’s** principal activity is the production of rare earth magnetic powders, for use in traction motors, micro motors, and sensors. Volume fluctuates with auto builds and input costs are tied to the price of Neodymium-Praseodymium (NdPr) Oxide. Magnequench is the largest contributor to revenue and has historically had the highest Adj. EBITDA margins of \~20%. + +The **Chemicals and Oxides** segment processes, manufactures, and distributes separated and engineered light heavy rare earth functional materials which are primarily used in catalytic converters and for petroleum refinement. Although these are secularly declining markets the C&O segment should still experience growth overtime from the expansion of some its smaller end markets such as wastewater treatment. Input costs are tied to the price of Rare Earth Oxides (REO’s). + +The **Rare Metals** segment deals in the production, reclamation, refinement, and marketing of high-value rare metals and rare metal compounds for use in aerospace superalloys, medical imaging, mobile communications, LED lighting, solar, and batteries. Input costs are tied to the price of rare metals. Historically this segment had the lowest margins due to operational inefficiencies; however, management has improved these inefficiencies and in 2022 the segment has performed well. With one quarter left in FY22 it is the only segment projected to post a YoY increase in volume and is set to post the highest adj. EBITDA margins of the three segments. + +NEO is led by Constantine Karayannopoulos who built his name in the rare earth separation space by leading the team that previously sold NEO for $1.3B. Neo was spun off in 2017 and Constantine has once again taken the reigns. + +**Background on the expansion** + +In Q3 2022 Neo announced that they would be going ahead with phase I of their Estonian expansion for sintered Traction Motor Magnet production. To support this investment the Estonian government, through the Euro-sponsored Just Transition Fund, is providing NEO with a €18.7 mm grant. Total capex for phase I is expected to be \~$70 mm and construction is expected to start in early 2023. The facility will have a 2,000 block-ton capacity that will produce \~1,600 magnet tons annually. This translates to $135 - 160 mm in incremental revenue and \~$32 mm in incremental adjusted EBITDA. Phase I production is expected to start in 2024 but not be fully ramped until 2025. Phase II will take capacity up to 5,000 block tons which will allow production of \~4,000 magnet tons annually. This translates to incremental revenue of $330 - 400 mm and adjusted EBITDA of \~$80 mm. The total capex cost for Phase I & II will be $200 mm. The project will have a debt component supplied by EU banks at "favorable rates" as part of the European “reshoring” effort underway. + +**The Opportunity** + +NEO currently trades at a 2022 EV/EBITDA of 3.9x. If we add back the $7 mm in inventory write downs in Q3 2022 NEO is trading for 3.5x 2022 EBITDA. Since its IPO in 2017 the company has traded for an average multiple of 6.5x. Furthermore, NEO is extremely cheap relative to its peer group which trades for an average EV/EBITDA of 10.5x. NEO temporarily rallied when the Australian rare earths company Hastings Technology took a strategic position, acquiring 22.1% of the shares outstanding for price per share of C$15, however, the down trend resumed shortly after. + +There are three main reasons why NEO has come under pressure. The first is that they over-earned in 2021 and by the nature of their lead-lag business model their margins are starting to get squeezed. REE prices were at their peak in Q1 22 and have aggressively fallen since causing their EBITDA margin to drop from 15% to 5% QoQ in Q3 22. NEO has a 5-6 month inventory cycle which means that margins should begin to normalize in H2 23 as inventory gets flushed out. The second reason is that there is continued uncertainty as to when new auto builds will begin to normalize. A large part of NEO's revenue base comes from the auto industry and new builds continue to remain weak. Analysts expect new builds to pick back up in 2023 and normalize in 2024. Finally, the main reason NEO is trading below peers is due to geopolitical risk. 80% of their production capacity is located in China and 40% of their revenue occur in that region. The Zero Covid policy is creating delays and hurting demand. The easing of Covid policies in China would warrant a sizable re-rating. + +**Differentiated View** + +I believe the market is being to short sighted and is missing out on a generational opportunity. The EU remains steadfast in its goal to have a significant proportion of EV autoparts sourced outside of China by 2025. This has caused major EV OEMs to have a 2025 target that 50% of e-axle components be sourced in Europe. NEO's investment into the traction motor facility in Estonia will be poised to capture a great deal of this demand. The projected $80 mm in incremental EBITDA (using management's projected revenue and applying Magnequench's historical EBITDA margin) would double 2021 EBITDA alone, with no other growth. + +There could be even further upside from North America. In general, the North American auto industry (with the exception of Tesla) is about 2–3 years behind the EV curve. As North American OEMs rush to build EV capacity, there should be opportunities not dissimilar to Europe. Hence, the prospect of seeing significant EBITDA growth beyond 2025 is highly likely. + +In Q3 22 management noted that + +Electrified vehicles are on pace to achieve a 20% plus penetration rate this year in China, three years ahead of the original 2025 policy target date. + +Germany seeing 25%+ EV penetration + +US EV penetration up 70% this year + +**Valuation** + +In the bull case I assume phase I of the expansion starts production in late 2024 with full production in 2025 and phase II of the expansion starts production in late 2025 with full production in 2026. Assuming the price of NdPr stabilizes around $85/kg and the new facility generates margins similar to Magnequench's historical EBITDA margins I expect incremental EBITDA of $80 mm in 2026. Assuming no other growth NEO would generate 160,000 in EBITDA in 2026. Applying the historical 6.5x EBITDA multiple gives us a PT of $24 or an IRR of 22%. + +**Catalysts** + +Easing Covid Restrictions in China + +Resolution in the Russia-Ukraine war + +Successful Phase I expansion of their Estonian facility + +Increase in new auto builds + +**Risks** + +Traction Motor magnets not passing inspection + +Change in China's regulation of REE industry + +**Closing Thoughts** + +I like the set-up of this stock a lot. The only thing holding me back from buying is the chart. It has been in a downtrend and does not seem to have found a bottom yet. I believe the stock is cheap but it could always get cheaper, especially considering the China piece. For now I'm going to wait on the sideline and pay attention to when buyers start to step in. +So I have been slowly shifting my portfolio over to the Wheel Strategy - mainly selling Naked Puts for now until Im assigned. I had to satisfy a Margin Call on Monday - those are marked on the chart. Overall it turned out to be a great week with a little over 10K in premiums collected. I also sold some covered calls - about 2K in premiums collected. I did end up selling 100 shares of DKNG and RIOT each. No problem with that as it was the price I needed for profit. Any feedback appreciated as I'm still rather new to this strategy. I mainly pick the PUTS based on technicals. I dont really target any certain Delta. I do prefer weeklies as opposed to longer term and try to stay OTM. + +https://preview.redd.it/un8f0bwku3k71.jpg?width=1056&format=pjpg&auto=webp&s=c89c1ae67494b8c93c45a510fdd8dc70c2df604e +Say you had $100k in your account, and wanted to quit your job. What stocks would you wheel to scrape together income? I feel like the sweet spot would be high IV ETFs (Ark, ICLN, etc). Steady, but also enough premium to make it worth your while. + +Edit: Thank you everyone for your responses. When I give my two weeks, I will think of you. And when I tap the last bit of ramen seasoning into my mouth, I will also think of you. +https://preview.redd.it/hfcxlcj4zrs91.jpg?width=1681&format=pjpg&auto=webp&s=58d0f9c61033ff3542172d9a11122f890a346fa9 + +link where you can find this deposit info.[https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1](https://tsdr.uspto.gov/documentviewer?caseId=sn97229845&docId=APP20220124092333#docIndex=1&page=1) + +&#x200B; + +## Trademark/Service Mark Application, Principal Register + +**Serial Number:** **97229845Filing Date:** **01/20/2022** + +Downloadable software for enabling users to receive, accept, view, purchase, sell, and exchange non-fungible tokens (NFTs); downloadable mobile application software for facilitating financial transactions; downloadable software for enabling collectors of non-fungible tokens (NFTs) to join online communities; downloadable game software; digital materials, namely, non-fungible tokens (NFTs) featuring cryptocurrency; downloadable computer software for managing cryptocurrency transactions using blockchain technology; downloadable electronic data files featuring artwork, text, images, audio, video and non-fungible tokens (NFTs); downloadable cloud-computing software for decentralized applications and other blockchain related technologies; downloadable video recordings featuring sports highlights, movie clips, television clips and memes authenticated by non-fungible tokens (NFTs); downloadable image files containing artwork, movie and television images and memes authenticated by non-fungible tokens (NFTs); downloadable virtual goods, namely, computer programs featuring avatars, clothing, pets, vehicles, weapons, tools, toys, emotes, and gestures for use in online worlds and virtual environments; downloadable motion picture films featuring entertainment, action, adventure, dramatic, comedic, children's and documentary themes and musical performances + +This description includes many products, but all these products need to find a place to be viewed and bought, if only there was a platform that makes NFT buy and sell with really low gas costs would that be nice? + +&#x200B; + +https://preview.redd.it/9hsnzpg54ss91.jpg?width=746&format=pjpg&auto=webp&s=a9f537d1c8d5415d5554865ee6d7e7bd8b439e61 + +&#x200B; + +https://preview.redd.it/2zzsz0974ss91.jpg?width=743&format=pjpg&auto=webp&s=96305bace47370a0abb3d40b7d01dbe5feda6530 + +TLDR and Speculation: +BlockBuster is coming back and they will start in an NFT market.Gamestop and their NFT market will be the basis for blockbuster products. + +There have been tweets between blockbusters and Ryan C. that make this speculation more plausible and concrete. Zombies return by allying themselves with someone who has no intention of selling out and failing 🏴‍☠️😎 + +The stars and planets line up, and I want to quote 2 phrases that a great man said: + +\- "The best time to be alive in human history is now" + +\- " As my dad would say: Buckle up! " +- Loads of exchanges are trying to get Fiat pairings (QASH, Binance, even some DEXs!) +- Adoption is just going up +- Everyone knows about Bitcoin now - It's now about making them use it +- Cryptocurrency isn't going anywhere, because projects like Stellar, Monero and VeChain are just too useful +- Everyone is rushing to get merchant adoption for crypto, see Coinbase, BitcoinPay and more +- Stores are beginning to accept it everywhere (just paid with BTC yesterday!) +- I'm repeating all my points but I don't care +- An absolute insane number of projects are going on with genuine development +- Math, Computer Science and cryptography students are putting in tons of new work every single day (has there ever been such a revolution??) + +The future is now!! +Looking at the pump before and after the FOMC meeting over the last week, it is definitely feeling more like a relief rally to me and less of a rebound as people are saying. +Dont get me wrong. I am still -$20k down on my portfolio of $100k but here is why i think we can go lower than March 13th low + +1) This Setup feels like Late Jan-Early Feb when we hit a bottom right before the Jan FOMC on 27th and then relief rally >6-7% on SPY from 420 to 446 over the early feb period, then we started crashing again and reached a newer low right before the March 13th FOMC meeting (coincidence again?, I think not) + +2) We are gonna see 5 more rate increases this year, and its definitely gonna impact earnings for high growth stocks, since now its more difficult to borrow. In 2018 we had taper tantrum in Dec , when SPY annual return was like -6% for the year. FAANGs and Banks will continue to make money, but hard to see growth stocks doing the same + +3) We still have crazy inflation never seen since the 80s, serious supply chain issues, war in Europe with troop mobilization equivalent to some of the WWII battles, new variant of covid hitting again with china under lockdown and interest rates rising. +Hard to see any positive catalyst in the next 1 year + +Thats why I think volatility and drilling might be back on the table around April- May.. right when earnings start show slower growth before the next FOMC happens. (Remember sell in may and go away?) + +What do you think of the behavior of the market in the next few weeks? +Like, I was watching a YouTube recipe video for pound cake, and the narrator said to grease your pan with butter, then dust it with flour on top of that because pound cake sticks really bad. He shared a quick tip where you can cover the top of the pan with plastic wrap after just dumping a spoonful of flour into it, and shake it to coat the inside. And it got me to thinking about how much seemingly irrelevant stuff I never had in my kitchen growing up, and still don't have now. Like, I've never used, nor known anyone who used, parchment paper, or plastic wrap, hell even aluminum foil and paper towels weren't staples in my kitchen until very recently. And me and most of my friends definitely grew up poor. + +There was just never any way to justify the expense. Why cool your cookies on a rack that'll cost $10-$20, when you could just let them cool on the pan? Or just don't make cookies period, that's $10 worth of ingredients, that's a whole week of rice and beans you're putting in that oven! I dunno, it just got me to thinking, is all. Anyone else felt the same way? +Hello fellow apes +🚀🚀🚀🚀🚀 +💎🖐️💎🖐️💎 + +Thought it would be a good idea to get a list going here of all the tricks the HFs and government may use to scare folks and force Apes to fold during the MOASS. Would be a wonderful resource for anyone to refer to as things get hotter on GME (or even AMC). + + +Please drop your suggestions in the comments so we can keep this cheat-sheet growing: + + +1) Ladder Attacks (Edit: aka Wash Sales, credit to u/ApocalypseMao ) + +2) Pump it up to make us think the squeeze is happening, then DROP the share price suddenly in order to shake out paper hands. Don't be fooled by sharp momentary drops. + +3) Put out false news (articles, TV, etc) claiming they have already covered + +4) Make us, or the general public, think that we are causing a market crash + +5) Threat of Lawsuits against retail investors + +6) Threat of regulating retail investors + +7) Joe Biden or any other head of state making announcements about taxation etc. + +8) Restrict buying (or selling) on your trading platform, and any threats thereof + +9) Infiltrate Reddit, Stocktwits, or Twitter with bearish sentiment + +10) Infiltrate social media with FAKE bulls to lead you astray + +11) Lie about the possible ceiling/floor of the squeeze + +12) Tell you there is no squeeze + + +Remember, a lot of us invest in GME simply because we like the stock 🤷‍♂️ + +Thanks all! + + + +Edit 2021-04-27 1:18PM + +13) HALTING Trades (I recall there being at least 6-7 in ONE DAY for GME, back in January). These are tricky because they can go on for an unknown period of time, and can open back up either rising or falling. Don't be fooled by these distractions. + +14) Vilify GME Holders (credit u/ghostclown17 ) + +15) Spread FUD (fear, uncertainty and doubt) that Brokers, SEC, or Government will screw you at higher prices so it's safer to sell for cheap (credit u/ghostclown17 ) + +16) Use shows like SNL, late night etc. to mock GME holders and other apes (credit u/Drilling4Oil ) + +17) DAY TRADERS: They will make you lose sight of your goals, and get you to focus on small swings for chump change (credit u/Raaymih ) + +18) Fellow Redditors swaying you with "Good Will" posts about selling early to donate (credit u/daweedhh ) + +19) DEEPFAKES. This is a wild theory, but who knows what would resort to if desperate enough (credit u/Paweloso ) + +20) Pumping news or ads about Mental Health, and telling you that GME or WSB is causing declines and suicides (credit u/tealou) + +21) Plateau the stock price (credit u/NickdeVault57 ) + +22) SHUTDOWN REDDIT OR ANY RELEVANT STOCK SUBREDDITS!!! +I'm 21 and looking to start investing. I have £300 to put away each month, and after researching a bit it seems like putting that into FTSE Global All Cap Index Fund with Vanguard would be the best choice. + +I want to invest for the very long term and I'm happy to take on more risk to increase returns at my age, so I haven't included any bonds. I'm comfortable with hanging-on when markets are down and don't plan to touch the money for a long time. + +The thing is, I'm not sure if *only* this fund is the right choice. Most portfolios I have seen online have at least three ETFs or OEICs, but I can't think of how I could reasonably increase risk/returns or diversification by adding more. Adding another tracker like UK equities would presumably just unbalance the portfolio towards the UK rather than increase diversification, and I can't think of any sensible ways to increase risk/returns that aren't already covered by the global tracker in some way (like US small cap). + +Am I missing something? Is there a benefit I'm missing by not having some other kind of investment in there? +Hi all, I'm from London, I'm 26 and have always lived at home with my parents in Zone 4, apart from uni in another town. I'm looking to move out in the next few weeks and wanted some input on how realistic I'm being... + +I've just started a new job which pays me 27k a year, after tax my take home is 22k, which is £1838 a month. +The places I'm looking at in North London cost around £750pcm with around £100 on bills (shared houses). +This leaves me with £988 a month +My phone, insurance and family Spotify account come out to £67.24 +This leaves £920. +I have £200 that goes into an ISA monthly and I'd like to keep saving the additional £200 I save at the moment +This leaves £520 for food, socialising and travel. I'd like to contribute £150 a month to my family's rent and would maybe sacrifice my additional £200 saving for this. + +I work from home (permanently) for four days a week and would go into the city for my master's one day a week, on the weekend I would also go out to see friends and/or my parents. I would look for a cheap gym membership, although the things I love doing are cycling, swimming and climbing so maybe wouldn't need a gym membership. I'd also like to learn to drive but I'll see how everything else goes first. + +Do you think this is reasonable to expect to do? Do you have any tips to make this work? + +(I know staying at home would be cheaper but I'm struggling to maintain good relationships with my parents as we live in the council flat I grew up in and with everyone working from home, living and working in my room 24/7 is starting to take a strain on me with no other space I can work in.) +Wall Street Journal article mentioned in title: [https://www.wsj.com/articles/paying-400-000-for-an-executive-assistant-do-it-all-aides-are-pricier-than-ever-11659553138](https://www.wsj.com/articles/paying-400-000-for-an-executive-assistant-do-it-all-aides-are-pricier-than-ever-11659553138) + +I'm an EA myself and have been aggressively headhunted for high-profile executives recently. I'm on my own journey to FIRE and am evaluating the significant jumps in compensation/benefits. While I don't doubt I will be able to perform, I'd like to know what truly sets apart EAs earnings \~$200k vs $400k+. + +For those of you with reliable and valuable EAs, what kind of comp packages do you offer and how do you show appreciation beyond comp? What makes them so important to you personally? +It's bad enough that the nupo-riche members mostly just wanna sad post instead of welcoming advice from old poor's/multi generational poors. But the gate keeping is out of fucking control here! + +From the posts complaining about how we don't really care about our fellow poors/raised poors if we dare to offer advice, that has genrations of proven success, on how to make what little we get go as far as possible. To the first gen poor/ newly poor children of upper middle class parents who refuse to admit that generation poverty can drag down even otherwise nice salaries(I mean fuck us who are on paper making decent money but also don't want our parents to be homeless in their old age I guess). Posters who don't want to admit different cost of living areas are a thing or that a shit ton of debt can drag down an otherwise nice salary. And that's just the tip of the iceberg. Like just because not everyone is in the same situation I've found myself living in most of my life doesn't mean they aint have it hard too. But I guess gate keeping is trendy now. + + +Whatever at least I have a bit of booze waiting at home when my shift is over. +Yes, the market will recover: that’s a fact. + +However, it can take a long time to recover. The nasdaq took over a decade to recover in some instances. + +I understand the sentiment of “hold and even buy more when they start to go down” but if you are in your 60s and want to retire soon and can’t wait a decade and see your portfolio get smashed for years I think it’s understandable to go cash + +But if you are young, ride this out. + +Just please consider that there’s no all advice fits all here. Some of us are older then others. I’m young but if my dad was considering going mostly cash at his age of 67 I would understand. What if the market doesn’t recover until he’s in his mid 70s? +I was reading another post and someone mentioned there's no point in paying down a mortgage at todays ridiculously low rates, especially with the stock market yielding returns at 10% consistently. That's making me re-think my strategy. I've always been kinda old school, paying off debt as quickly as i can, but that poster made a good point. Rather than pay down 3% interest rates, I could put that in stock instead. + +I currently have a condo , duplex, SFH and my personal residence. The first is paid off, the rest are at 3.2% interest and less, all paid down 20% so no PMI anywhere. Thoughts? +My wife and I recently bought a seven unit that is vacant. We are renovating it and expect everything to be finished in a couple weeks. The plan is to have people start moving in December 1st. + +Here's the debate... I've been selectively marketing the units to individuals and have 2 of the rooms reserved. I priced things just shy of the top of the market rate, in order to fill it fast. We basically need 4 rooms occupied (at my lower rates) to cash flow. So I can even get those occupied and then market it at higher rents. + +My wife wants to market all the rooms at a higher rate which would be the top of the market rates. We are in a high demand market so it could be good, but my plan is to get it occupied first and then bump rents as vacancy comes up. + +Any advice? +I am trying to rent my home out to travel nurses through their agencies, if this means occasionally filling the renter voids by using it as a day by day rental then so be it. My home (3bed/1bath) is a 30 second drive from a major hospital with mortgage, tax, and insurance (escrowed together) at only $530/month. Me and my wife are fine with the idea of leaving all furnishings and removing personal effects to go somewhere else. We are thinking of charging $450/week or $100/day for full furnishings and utilities (which undercuts the weekly rates at hotels in the same city by about $150/week). How do we go about marketing it to travel nurses and capitalize on its proximity to the hospital? Is there anything else about this process that I need to know? +Check out this statistic. + +Before the pandemic there was one person in the world worth more than $100 billion. That's just 1 and a half years ago. + +Now there are 10 people in the world who are worth more than $100 billion. + +Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, Mark Zuckerberg, Larry Ellison, Larry Page, Sergey Brin, Warren Buffett, Mukesh Ambani. + +The combined wealth of these 10 people has gone from $650 billion before pandemic to $1.4 trillion now during a devastating macroeconomic crisis when everybody else has been struggling to even make ends meet. + +Average person can't afford food and rent. People living paycheck to paycheck suddenly don't have enough because they either lost their job or their wages can't keep up with inflation. At the same time the filthy rich got 2 or 3 times richer. + +These are the people avoiding taxes, money laundering and funding human rights abuses and criminal activities around the world. + +During the pandemic M1 money supply has risen from $4 trillion to $20 trillion. Guess where all the money went? And guess whose money got devalued by all that free printing out of thin air? + +How stupid is this system? How stupid are we to keep letting them treat us as slaves? + +You know why they tell you to hate bitcoin? Because bitcoin fixes this! It takes away the power they have over us. Rat poison squared my ass. + +Now tell me about how they told you to think that Bukele is a dictator and how you all living in beautiful democratic system. + +Tell me about how these corrupt scumbags want to regulate crypto because average person is hiding $600 dollars in crypto. I wanna hear it. +While an audited Proof of Reserves is underway, Kris the CEO of Crypto.com just shared a dashboard of their holdings on Twitter: [https://portfolio.nansen.ai/dashboard/crypto.com](https://portfolio.nansen.ai/dashboard/crypto.com) + +[Nansen AI Portfolio Dashboard](https://preview.redd.it/i5r5yqf7wbz91.png?width=1070&format=png&auto=webp&s=b6c427e9796ce89c7cfc1c20c12ea0300299d1f8) + +Out of 2984 Million, Crypto.com holds roughly + +* 31.12% in BTC +* 19.83% in SHIB +* 17.13% in ETH +* 6.66% in USDC +* 4.92% in USDT +* 20.33 as Others + +A fully audited Proof of Reserves will be coming in the upcoming weeks. + + +What I found interesting is that Crypto.com holds a whopping 19.83% in SHIB which is like 600 Million in SHIB. This must be where they make their most fees and how they attract users. +There is a lot of brigading about passive indexing in a lot of topics which aren't geared for it. I understand that passive indexing is optimal for most people, but I don't think that should stifle the discussion here. I also don't think telling people to go to WSB is conducive to any real discourse that goes on here simply because they have an opinion that goes against the passive indexing mantra. + + +Whether you think stock picking is the best course of action or not, I think it's best to try and be helpful and discuss why you choose one strategy or another instead of taking any other investment philosophy but your own to task in topics not designed for it. + + +I love this sub and the people in it, but I'm sure I'm not the only one that realizes how boring this sub would be if all the threads were about whether VTI or VOO is better. It's optimal for most, but if that was the end of the conversation this would be a dull place. Just my 2 cents. +There seems to be a common misconception out there that value investors only buy low PE stocks and ignore high growth stocks. Here is something that might surprise you : + +***The PE by itself tells us nothing about value.*** + +Here is a sample: +Let’s say a Stock A has a PE of 8 and Stock B has a PE of 15. Is Stock A a better value stock? + + +What if Stock A is growing its sales and profits at only 2% a year and Stock B grows by 10%? + + +Even worse what if Stock A is in a commodity business with dismal margins and ROIC of 3% while Stock B has an amazing 30% ? + + +All of the sudden Stock A doesn’t look cheap at all. In fact people could argue that Stock B is a much better Value stock + +Even worse: +What if Stock A has a lot of debt ? The PE won’t factor this in at all. What if the company has a market cap of 1 billion but another 2 billion in debt. + + +All of the sudden we are looking at and enterprise value of 3 Billion. Can this company even pay it’s interests? When you look at PE you might overlook all the other issues with the company. ***A low PE could be a good start for your research but by itself its meaningless.***  + +Another sample : +What if Stock A has a PE of 3 and Stock B has a PE of 100. No real value investor would buy this PE 100 stock. Its obviously overvalued. But is it really? + + +What if they both had big one off events? Let’s say Stock A sold parts of its business and booked the proceeds as profits. + +These proceeds won’t be there next year and the company will likely have a much higher PE once they return to normal. In fact since they sold parts of their Company it is even possible that they will earn less money in the future. **All of the sudden that PE 3 stock doesn’t look so cheap anymore.** + +Same with Stock B. What if it made decent profits year after year and in one year they decided to make a big acquisition that messed up their normal PE. + +A lot of people would say right off the back that a PE of 100 is expensive and overvalued. Is it? Next year the big expense won’t be there anymore and the company will likely earn more than before. **All of the sudden the PE of 100 turned into a great opportunity** + +Value investing is a lot more than just running a scanner and looking for low Price Earnings Values. It can be a great start for your research but keep in mind that there are many more variables that should be considered. + +***As investors we need to create a whole picture out of many small puzzle pieces. PE is just a small piece*** + +&#x200B; + +taken from : [https://welovevalue.com/buying-low-pe-stocks-is-not-value-investing/](https://welovevalue.com/buying-low-pe-stocks-is-not-value-investing/) +Back in 1996-ish, I was a senior in college taking a marketing class. Discovered the internet. Asked my teacher “who owns the internet?” He said “no one, but AOL and Microsoft seem to be the most involved. My parents had put away some bonds for me, so I used that money to buy 100 shares of both companies (I believe they were $10 or under). + +Made about $60,000. Sold stock and bought a house a block from the beach in Southern California for $500,000 in 2000. Sold that two years later for $600,000. Everyone celebrate. + +Got married, continued to buy houses and make money. Got divorced in 2006, lost about 50% of equity in the crash. + +That first beach house is now worth $2+ million. And I don’t even want to do the math on profit if I had kept the stocks. + +Moral: keep stocks and real estate for 25 years and spend all extra money on marriage therapy! + +*Edit: for all of you blaming “the wife” for the loss, you should know I was the wife. Surprise, it’s a girl. +Martian DAO is a fun, engaging, and community driven project combining the tried-and-true tokenomics of high-yield frictionless farming and the new concept of injections via the process of liquidity events. Saving our galaxy from invasions. + +**Concept:** +  +$MDAO is a themed based crypto game, an experimental project with the goal of building a martian army. Every two weeks Martian DAO will release an exclusive pre-sale, which for the purposes of $MDAO will be called "missions," for example our first mission after launch will be mobilization. The pre-sales rolled out by Martian DAO are designed to be fun but high-risk, high-reward projects. The goal of the projects are: +  + • To build the martian community and strengthen our army for future missions + + • Injection - Raise liquidity to be pumped into $MDAO and depending on community vote, BUYBACK and BURN events + + • Team expansion and marketing, future plans also include a launchpad and an NFT exchange of our very own martian NFTs + + • Have fun and play smart, take $MDAO to new galaxies +  +Heres a list of what we’ve accomplished on our journey so far: + +👾 Pre-sale SOLD OUT IN 10MINS & lock on Unicrypt (DONE) + +👽 Burn team tokens (DONE) + +👾 PancakeSwap listing (DONE) + +👽 Unirocket channel (DONE) + +👾 CG and CMC listings (CMC ✅ + CG VERY SOON!!) + +👽 Blockfolio listing (WE’RE ON + BLOCKFOLIO!) + +👾 Flourmix partnership (DONE) +👽 Staking & Farms available (DONE) + +👾 AUDITS (BSC Checker ✅ / + Techrate ✅) + +👽 NFT Projects IN THE WORKS! 🔥🔥🔥 + +👾 Fully Integrated Trust Wallet with Logo & Price + +👽 Mission 1 - Mobilize - Successful + +12K & GROWING HOLDERS!!👽🖖 +5Million Marketcap + +🎉 More promos, giveaways to come along the way! 🎉 + +Website MartianDao.net +Twitter: @MartianDAO + +Telegram: https://t.me/MartianDAO +nearly 6K Members! JOIN US! +This is the daily chart for TSLA. At the very bottom, it shows the IV by day. Why has the IV dropped off so fast, despite the stock running up and Q3 earnings coming up this week. + +https://preview.redd.it/u1bvpcnd7vt71.png?width=2624&format=png&auto=webp&s=738527f0e0b22f0f1e49b56e72071b1cecc2fcb8 +The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android). + +Moons are r/CryptoCurrency's form of [Community Points](https://reddit.com/community-points), a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +This distribution is based on karma earned from 2021-03-17 to 2021-04-13. [Here](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_12_finalized.csv) is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app). +My parents are in their mid 50s. They have very minimal retirement funds in their 401ks. My father only contributed for 3 years and my mother only contributed for 7 years. They do however have some savings about $6k (mostly prior years tax refunds) aside from their regular savings and rent out their back house so that provides them with some income to leverage their monthly expenses. + +I was wondering if I could use the $6k to put in an IRA even though they don’t have any taxable income for 2020. Or if it would even be wise to do this. My parents are not financially literate and it worries me that they won’t have enough money in retirement. +It's not everyday that you get to beat the world's greatest value investors at their own game. + +It's 13-F season. May 17th is the deadline to report Q1'21 long positions. Some funds have already filled theirs. + +Here's Pabrai: [https://whalewisdom.com/filer/dalal-street-llc](https://whalewisdom.com/filer/dalal-street-llc) + +Here's Munger: [https://whalewisdom.com/filer/daily-journal-corp](https://whalewisdom.com/filer/daily-journal-corp) + +Keep in mind that they're both self-described value investors, which means that they spend a lot of time studying the "margin of safety". It allows them to take really concentrated positions in their highest conviction stocks than most other investors. They know they're not going to lose money on a 3 year + timeframe. + +Charlie Munger has 5 long positions, Mohnish Pabrai has just 3. + +Both are on record for saying that value investing no longer works in the US, but fishing in other parts of the world is easier. Non-value investors seem to agree as well. Cathie Wood is buying JD, Soros is buying BIDU. + +Both Munger and Pabrai added just ONE stock in Q'1, the same stock. I think its a "wonderful stock at a fair price". + +Valuation looks good: [https://ibb.co/PNJ0yct](https://ibb.co/PNJ0yct) + +EPS growth projections look good too: [https://ibb.co/9NvMmqR](https://ibb.co/9NvMmqR) + +Normally it's hard to guess their cost basis given that 13-Fs contain delayed data. In this case, we know for SURE that the best they could buy at was $220. + +I excitedly bought my first lot yesterday at $209 after hours and I intend to DCA more over the next few months. MSCI China just entered bear territory, it's possible that we're near a floor. + +I don't know much about business in China. I have no interest in building DCF models. I gave a cursory glance to the SEC filings and earnings transcripts, but given that BABA is an ADR and China disallows foreign auditors, I don't know how much to read into the numbers. + +One thing is for sure - I won't be able to slice and dice all this data better than the most respected value investors in the world, working only part time and weekends. + +But I can copy them, and fate has given me an opportunity to outdo them on price! + +Looking out for Burry and Buffett's 13-Fs to hit EDGAR. If one of them has bought $BABA, I'm buying more stock. If both have, I'm going apeshit on leaps. + +Edit 1 - If your best bearish argument is “CCP”, that validates the strength of long thesis + +Edit 2 - + +Disclosures: Not financial advice. Do your own research, it’s your money. + +I am long BABA ADR. I do not have any other interests such an employment, directorship or consultancy with the issuer + +Edit 3 - Neither Buffett nor Burry seem to had added BABA in Q1'21. This does not change my long thesis, but I may hold off on the LEAPs and stay in shares for a while. +I hear apes saying everyday, literally everyday, if GME dips i gonna buy x amount of shares yadayadayda, been listening from $280 all the way to $140. Nope, I am not gonna wait for any dip no more, if everyone wait for a dip to cash in, that means everyone agrees GME is overvalued, which it isnt. + +Read it again, I said "If investors are only willing to buy GME at a lowered price, that means investors feel GME is overvalued", and then I said "No! GME is way undervalued". I, which refers to me decides to stop being a pussy and will buy more today, are you a pussy? + +Not a financial advice, you do whatever you want with your money I am just sharing. + +Edit: Like i said, this is my personal opinion, i know many of us would love a dip so that they can buy more, but for me personally, the current price is tempting, I am not asking folks to pump. On other hand, I am concern if the price goes back too low, say $40 or even lower, then it will creates too much fear and more paperhands, i know the price doesnt matter, i believe so too, but GME is beyond this sub. + +Edit2: bought 10 more during pre market. [Proof](https://i.imgur.com/N3qnpUf.jpg) +I’ll preface with some personal info. I’m 21 years old and set to graduate college next year with a degree in Computer Information Technology with a track in Cybersecurity. I have about 10k left I have to pay in tuition, I still live with my family, and I have my car paid off. + +It’s been a pretty rough year for the stock market but I’ve been pretty meticulous and was actually doing really well, my account was up around 30% ($8000) until Monday. On Monday I decided I was going to play UPST’s earnings thinking they would beat estimates, I initially bought 250 shares right before close for a quick trade, but then it tanked almost 40% within minutes. A couple weeks ago I watched SNAP go from -20% right after earnings to +5% in a few minutes so I thought this would be a similar case, especially since UPST had actually beat Q1 earnings but just lowered its full year guidance by 12.5%. I didn’t think a 40% drop was rational and so I panic bought more trying to average down thinking it was oversold and that it would bounce back. It all happened so fast I didn’t even realize I how much margin I was utilizing. + +Well UPST continued tanking over 50% and within minutes my entire $34k account was gone. And to top it all off I got liquidated and now owe 7k in margin debt. I went from having 34k to -7k in one hour. One irresponsible and unlucky mistake instantly destroyed over 5 years of working and saving. + +I truly didn’t realize how good I had it until it was gone. I was set to graduate college debt free and with enough for a good down payment on a house, and now I have to pay 10k in tuition and another 7k in margin debt. I only have 1k in my bank and 3k in my 401k. I currently make $422 a week after tax working part time. + +Right after it happened I honestly didn’t want to live anymore. I called the suicide hotline to talk about it and get it off my chest, and I’ve scheduled a therapy appointment for Friday. It still doesn’t feel real losing that much money so fast and knowing there’s nothing I can do to get it back. I feel like I crippled my financial future, I can’t stop thinking about how many things I could’ve bought or done with that money. + +I try to look at it as “its only money”, and it’s nothing that I can’t eventually comeback from as I’m still pretty young. I’m trying to focus more on other aspects of my life that I am thankful for, such as a loving family, an amazing girlfriend, and a good group of friends. + +Though I can’t fathom telling anyone in my life about this, my parents and girlfriend would be incredibly disappointed in me, on top of how embarrassing it is. But they knew roughly how much money I had, and it’s a heavy burden to keep this from them and lead them to believe that I still have as much money as I did. + +Right now I plan on picking up a side job on Saturdays and working full time after this semester to help pay off my debts. I also plan on going to therapy regularly and get prescribed some medication which is something I should have started a long time ago. + +Hopefully this post can prevent people from making the same mistake I did. + +If anyone has a similar experience or advice on where to go from here I would very much appreciate it. + +Edit: thank you all so much for the encouraging comments, it means more than you realize! +https://finance.yahoo.com/news/uber-health-eyes-moves-into-the-health-care-sector-120011497.html + + +Uber (UBER) is planning to use its dominance in the fast-growing food delivery industry to carve a toehold in the vast and complex health services sector. + +At the CB Insights Future of Health conference this week, the ride-sharing giant’s health chief explained how the company is moving to leverage Uber Eats to address very specific needs of patients that lack access to reliable transportation, or simply can’t get around on their own. + +Uber Health’s focus has been on partnering with providers and transportation brokers to get patients to and from appointments. Currently, the company doesn’t have the infrastructure to bill health plans or a government payor, Trigub said. +Hi everyone I need to buy a new bed and mattress and I'm not sure what an appropriate amount to spend is so I wanted to ask you guys how much you spent. + + +Thanks! +For me, answering that is easy. I wish I had known the power of holding when I first got into crypto. I was too wrapped up in the FOMO and quick money that I sold a lot of coins too soon and lost more money than necessary. In my 7-yr journey, I’ve learned quite a bit but this tops all those lessons every time. I also wish I got in earlier when I first learned about it and had the chance to. How about you? +Has there ever been such a gullible community in crypto? All they do is talk about lambos, moons, and this wraith protocol which is total boolshit. Please convince me with facts why verge isnt an epic failure. +I got a decent set of GCSE's (Whohoo!!!)... But I've suffered from crippling anxiety/depression and seizures (Seizures have fortunately been remedied with the correct medication. + +In an ideal world I would like to work with animals in some role, maybe even own an animal shelter/dog walking business. But wherever I look I just feel like I'm a million miles away from even knowing how to start to proceed in these sorts of ventures. + +I'd also like to be a firefighter but I've heard there are so many applicants that I've got a greater chance of winning the lottery. + +I wouldn't mind being a paramedic, but again this would require a degree & I need to be making money ASAP as I have a sick relative that counts on me. + +I've seen people suggesting that 'Web Developing' could be a field that could technically be possible without a degree. (But why would someone hire me 'hypothetically' if I've got nothing to show on my resume'?) Plus I'm an ignoramus It's a minor miracle that I can use Reddit without blowing up my laptop! + +Any opinions on the, '**7 Best Front End Web Development Certifications & Courses:'** [https://www.trumplearning.com/best-front-end-web-development-certifications-courses/](https://www.trumplearning.com/best-front-end-web-development-certifications-courses/) + +Worth it? + +The ability to work from home, or while travelling (without a shit-head boss) is appealing, I also have itchy -feet as I've lived in a run-down part of Britain for... well a lifetime. + +I'm completely demoralised & certainly suffering from 'status-anxiety'. The last job I had has now been taken over by a machine, literally, I was fired for giving an out of date sandwich (Which would have been thrown out) to a homeless man. One of my proudest moments. I would have joined the military, but my history of anxiety etc would bar me, unfortunately. + +&#x200B; + +Would any brighter minds than myself please offer me some guidance/advice? Anything with some possibility of career development & hopefully provides me with meaningful work so I can in-turn help others. + +&#x200B; + +* EDIT: I should add that I have been volunteering with different charities +* (The Cinnamon Trust: Help walk a sick or elderly persons dog(s) which is rewarding as I genuinely care about the people and the animals, +* A position at Bath City Farm (Nice community) +* I'm hoping to get selected to volunteer as an on-call- firefighter. (When I get my licence back (Have to wait a year before you can drive post-seizure + +*In the meantime I'm brushing up on my resume, reading, looking at potential UDEMY courses, meditating & browzing people's posts complaining about not getting 100k a year! :D (Why do I do this to myself!!?)* + +&#x200B; + +Thank you, I hope you're all safe & well. +I've just started learning forex after my friend introduced me to it a month ago. Before that, I was studying for my CCNA exam in a slow pace (due to my tight work schedule at a retail store), and I havent managed to book for my exam because it was really hard, at least when I viewed how the exam works. + +This situation made me more mentally fatigue so much, I rarely got any good night sleeps these few weeks. Although I want to study for my CCNA, but I have that high anxiety feeling, that if i even miss a month of not learning about forex, I might miss my chances of developing my trading skills. + +Heck, I'm 25 this year, so I consider myself if I choose a wrong move, I can disrupt myself. What should I do? And which one should I fully focused on? I love both IT and forex. +We all have our own rules for when you should not be trading. Much of it is organized around situational and mind set issues. + +I discovered a new one tonight: Never execute a trade while I'm distracted by my lovely wife! We were talking about something while I placed the trade on Oanda. Entered all of my prices.... and stepped away without double checking. A bit later I got a stop-out notice, and was surprised, so I checked the trade ..... *and discovered that I had entered everything backwards!* My Buy (Long EUR/USD @ 1200 hrs EST for a trade on the resistance retest yesterday morning), I had entered as a sell, SL and TP reversed. + +To make it extra special I revenge traded and lost more money -_- + +AHAHHAAHAHA ***SOB*** Well sh*t. Two weeks profits in the hole due to dyslexic non diligence. My plan is to get off work, drink heavily, sleep and start over. + +So what are your rules? When do you not trade? What are the things that keep you out of the market? +I'm in my early 30s and married with a young child in a HCOL city. We want to have a second kid soon. NW is $7MM. Asset allocation is $2MM house, $1MM mortgage, and $6MM in index funds. Expenses are \~$200k/year (post-tax). My wife is a stay-at-home mom and is pursuing some creative passions. + +I sold a start-up to FAANG. I hated the first couple years at the acquiring company, but after switching from management to the engineering track and a new org, I got super engaged in work. After a couple years of grinding, I was promoted to Principal/Staff/L7 (the top \~2% of engineers). + +Most days work gives me purpose and I enjoy it. But I have major trouble balancing work and family. Once I'm focused on a goal, I become super anxious until I achieve it. This self-induced stress causes me to ignore everything else, which is terrific for productivity and toxic for relationships. Both my personality and company culture make it difficult to "coast" at 40 hour weeks. + +We live on the west coast, and our extended family lives in Chicago. I'm considering quitting and moving closer to family. I'd love to be able to get to know my parents as an adult, and my gut tells me I'll regret not living near family while my parents were healthy and my kids are young. But I'm scared to pull the trigger. My main anxieties are: + +1. The tech job market in Chicago appears to be non-existent outside of finance. If a black swan event happens and I need to get a job, I don't think I'll be able to find anything as meaningful/lucrative as my current position. If the job pays less, I need to work that much longer. +2. Chicago winters +3. Eventually I think I want to start another company. I'd be starting my network from scratch. + +We can afford for me to quit in our current city. For people who've relocated to L/MCOL areas, I'm wondering how that's worked out (did you miss the life you left?). FatFIRE also tends to attract people who are passionate about work, and I'm curious if you missed the job after quitting. + +Hoping for a push one way or the other. + +UPDATE: I sincerely appreciate all the thoughtful comments. We're going for it. My parents couldn't be more excited. I'm going to float working remotely. + +One thing that surprised me is that while the housing costs in Chicago are much lower than my current city, the property taxes are much higher ($30-35k/year for a $1.5MM house in the north suburbs). +Guten Morgen to this global band of Apes! 👋🦍 + +As much of the market continued to decline, GME and the other 'basket stocks' had a significant rebound. While it certainly isn't an indication that the MOASS has started, an 8% increase on zero news while everything else is down is very hard to ignore. I personally attribute it to the renewed push to DRS shares - it is clear that Apes have once again increased our resolve to lock the float away safely in ComputerShare, and especially with the borrow rates being so high in recent weeks, it must be putting extraordinary pressure on the shorts. + +Fortunately, we are well past the point when downswings like Monday or upswings like Tuesday cause the emotional responses that the SHFs would *love* for us to experience with such movement. Their playbook isn't designed to go up against Diamantenhände. They are counting on retail investors to trade on emotion, but maybe they don't realize that we only have a buy button. + +I, for one, am placing my trust in RC and the GameStop board to watch carefully and activate the rocket when the time is right. The shareholder vote to approve the share allocation increase gave them all they need to initiate the stock dividend when it will be most impactful, and I trust their judgment based on how they've navigated the past year. Selling shares in the $200's to raise well over $1b and guarantee the future of the company was a masterful move. Strengthening their retail business and building out a digital marketplace is a great business move. Guiding Apes toward DRS and giving progress indicators shows that they know exactly how we'll receive that information. When we see the next upswing, I trust that they'll use it as a launchpad to Uranus. + +Today is Wednesday, June 15th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$126.48 / 121,02 €** *(volume: 864)* +- 🟩 115 minutes in: $126.48 / 121,02 € *(volume: 864)* +- 🟥 110 minutes in: $126.48 / 121,01 € *(volume: 789)* +- ⬜ 105 minutes in: $127.50 / 121,99 € *(volume: 751)* +- 🟩 100 minutes in: $127.50 / 121,99 € *(volume: 751)* +- 🟥 95 minutes in: $127.50 / 121,98 € *(volume: 692)* +- 🟩 90 minutes in: $127.51 / 122,00 € *(volume: 617)* +- 🟩 85 minutes in: $127.45 / 121,94 € *(volume: 596)* +- 🟩 80 minutes in: $127.39 / 121,89 € *(volume: 590)* +- 🟥 75 minutes in: $127.39 / 121,88 € *(volume: 570)* +- 🟩 70 minutes in: $127.39 / 121,89 € *(volume: 570)* +- 🟥 65 minutes in: $127.37 / 121,86 € *(volume: 518)* +- ⬜ 60 minutes in: $127.45 / 121,94 € *(volume: 518)* +- ⬜ 55 minutes in: $127.45 / 121,94 € *(volume: 514)* +- ⬜ 50 minutes in: $127.45 / 121,94 € *(volume: 512)* +- ⬜ 45 minutes in: $127.45 / 121,94 € *(volume: 512)* +- 🟩 40 minutes in: $127.45 / 121,94 € *(volume: 512)* +- 🟩 US close price: $126.17 / 120,71 € *($125.80 / 120,36 € 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 1.0452. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've worked for this shop that on the surface, everything is legitimate, we have many locations, and overall are very successful. I'm the manager at a growing and successful location, and have been working for this company for 3 years. But for some reason or another, the owner has me and all the other managers pay our employees in cash. I got into this position due to seniority as a regular employee and didn't have previous management experience, but just followed the guidelines my previous manager did. But this whole time, pay has been in cash with no paperwork for me or the employees, and I have no idea what to do. I need to be able to submit taxes, and I have a lot of ambitions for this business, but due to the fact that my work is undocumented, I am afraid of working here any longer since I do not know how to do my taxes or help my employees do theirs. I'd really like help since this has been a big stress for a long time for me and I don't want to owe the IRS money +#Loopring starts with Ethereum’s massive size (and flaws) + +We first need to understand that ethereum is the most used blockchain today by far. It boasts the most developers, most decentralised apps and most exchanges by far. + +Eth’s smart contracts enable the existence of DEXs (decentralised exchanges) which fill the role of banks so you and I can buy crypto using other crypto. + +SushiSwap and Uniswap (DEXs built on ethereum) alone have a 24-hour trading volume of $3.5 billion. That’s a lot of activity! + +Apps and DEXs on ethereum have basically recreated the traditional financial system we have now. + +#But like a highway in constant rush hour, ethereum isn’t made to handle transactions by millions of people around the world simultaneously. + +Ethereum has a low TPS (transactions per second) of around 15 which makes it easy to get congested and traffic to build up. + +Eventually each transaction will go through, but there are downsides. + +And these are transaction fees, or gas. + +Transactions need A LOT of gas on ethereum, whether you’re doing something small like transferring from Wallet A to Wallet B, or something big like exchanging your family’s savings for tokens in Uniswap. + +Look how huge ethereum’s fees are right now compared to other blockchains (smaller is better): + +* Eth: $4 (on the “low” side) +* Cardano: $0.27 (93% cheaper) +* Tezos: $0.10 (97.5% cheaper) +* Algorand: $0.002 (99.99% cheaper) + +And here's the speed difference in transactions per second (higher is better): + +* Eth - 15 TPS +* Tezos - 40 TPS (166% faster) +* Cardano - 250 TPS (1,567% faster) +* Algorand - 1,100 TPS (7,233% faster) + +#Loopring builds a highspeed skyway above ethereum’s congested highways + +And the name of this skyway is ‘zkRollup’. + +One of the things zkRollups do is group hundreds of transactions and process them together instead of individually - and on a separate layer of the blockchain called Layer 2. + +This new layer is capable of handling up to 2,000 transactions per second. + +This means gas fees are slashed because: + +* Carpools (transaction bundles) are now available so there are less cars (transactions) causing traffic on the main highway (the Ethereum blockchain) +* There’s also a carpool lane open for further decongestion (Layer 2) +* Transaction speed on both layers is increased + +Less gas fees means developers can experiment and build apps and users can exchange tokens without spending a ton to further grow adoption. + +#TLDR: + +Would you rather take the express skyway or commute through traffic congested highway every single day? +My fiance (30) and I (31) have been caught up in an unsellable flat In London because of the cladding scandal. We had planned on being here for 3 years (now completed) and save enough to buy a house in the countryside for when we hit 30. Neither of us really wanted to live in the city beyond that. + +But because of the bank's not lending or remortgaging any flats that have a spot of cladding we can't sell, nor can one of us get off our current mortgage so we can buy another house with our savings (to avoid a v expensive second home stamp duty). + +With the fixes for the cladding being 3 years off, we are struggling to work out what we should do with our money / lives and would love some creative thinking from you gurus. + +We have roughly 140k in our flat, which was worth 400k 3 years ago. Between us we have saved around 100k for the next house since then. My salary is ~85k, hers ~65k. + +Any advice on how we could make our money go the furthest / not get FOMO on the current house market surge in the countryside. + +Edit: re the 3 year second home stamp duty rebate, we are really concerned with that because if the works take any longer than 3 years (which I expect them to be, since no building work is ever on time), it seems like a v costly move. Even if we were to sell the other one, that's some £20k stamp duty money down the drain on a temporary house. +My fiance (30) and I (31) have been caught up in an unsellable flat In London because of the cladding scandal. We had planned on being here for 3 years (now completed) and save enough to buy a house in the countryside for when we hit 30. Neither of us really wanted to live in the city beyond that. + +But because of the bank's not lending or remortgaging any flats that have a spot of cladding we can't sell, nor can one of us get off our current mortgage so we can buy another house with our savings (to avoid a v expensive second home stamp duty). + +With the fixes for the cladding being 3 years off, we are struggling to work out what we should do with our money / lives and would love some creative thinking from you gurus. + +We have roughly 140k in our flat, which was worth 400k 3 years ago. Between us we have saved around 100k for the next house since then. My salary is ~85k, hers ~65k. + +Any advice on how we could make our money go the furthest / not get FOMO on the current house market surge in the countryside. + +Edit: re the 3 year second home stamp duty rebate, we are really concerned with that because if the works take any longer than 3 years (which I expect them to be, since no building work is ever on time), it seems like a v costly move. Even if we were to sell the other one, that's some £20k stamp duty money down the drain on a temporary house. +The house I am at right now costs $300,000 and I see housing prices have gone up really high since 2021. So it begs the question of if this is actually a good or bad thing? +I was reading an article a while ago where there was a British business woman (can’t remember who it was) she said she doesn’t have a pension as she prefers to have the liquid cash in her account and her pension is in her various properties she owns and rents throughout the UK. I think her main business was in restaurants or hotel industry I can’t actually remember! either way she is worth multiple millions. Is this normal? Do ultra wealthy individuals even bother with a pension? +CNBC did an in-depth interview of a couple who achieved FI in their 30’s. + +I appreciated how the story describes them in a relatively positive light. They did make $230k in their peak earning years, but started FI with only $870k in assets. They keep a tight budget but also live a reasonable lifestyle: home gym, dog, dabbling in side hustles for enjoyment and a bit of income. + +Overall, I liked the read because I’m assuming CNBC vetted the facts and posted a pretty believable picture of a couple who live the road less traveled. + +https://www.cnbc.com/2021/05/27/this-millennial-couple-retired-in-their-30s-with-870k.html + +Banks are the biggest scams in the world. + +They are giving you you interest rates of 0.06% for your money but if you want a loan you need to pay them 10% interest on average. + +On crypto, you can easily get 6% interest on stable coins - probably more. And lending is so much cheaper. + +I get that some people might think stablecoin staking / defi isn’t as secure as banks. It might be true, but if we want change we must take a leap. + +Do you stake stable coins? If so, where and which one? + +^the ^numbers ^are ^just ^averages. ^You ^most ^likely ^will ^be ^able ^to ^get ^better ^rates. +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! +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! +If this is true, they planned this almost to the day since we just got confirmation that GameStop sold all 5 million shares. they sold those shares in a HURRY as if something big was about to happen... + +And it just so happens to coincide with the much delayed NSCC 002. +Paying off my student loans, and credit cards seemed like such big feats to me, I'd always be ecstatic after each account was paid in full. Now I'd hit what should seem like a much bigger mile stone, but I feel no emotional charge. Is this the part where FIRE gets boring? +I am just wondering what models people are pursuing in their research. Generally, I am leaning toward tree-based models because they are robust to irrelevant features limiting the feature reduction /engineering step. I know these models are prominent in kaggle, but in a time-series domain I am wondering if people have success with them. I am also interested in NNs but am putting off diving into that domian. +Hey so I'm currently still a student with 2 years to go and I would like to know about the process of becoming a quant, like where/what to study(Masters degree, Bachelor) and how to find a good job as a quant. I don't mind a lack of safety in the job position and would like to know how to get in the really good positions (300k+ yearly) to have a goal to work towards. (I already used google, youtube, etc. for research but didn't find good any answers that go deeper than just saying, yeah be good at math, etc. now you're a quant) +In the USA. As title states. I make $34,000 after taxes. Decent credit, around 740 and continuing to build with good habits. Saving money is no issue for me as I’ve always lived frugal. I’m no computer wizard but know basic things and would possibly be interested in learning something in the field that doesn’t require a degree. Would like to learn a trade that is not super physically hard on the body, have been reading up about plumbing. College is out of the question for me but have been looking at several trades. Currently live with parents but pay my dues. No kids, no spouse and really just want to get my shit together now. Was planning on putting a down payment on a house in the near future but doesn’t seem like a good idea now as my income is shit, was blinded by the fantasy of owning my own home. Recently opened a Roth IRA and will likely start investing in 2 or 3 ETFs for long term earnings for retirement. I would like to start investing in real estate rental properties as well in the future when my income is better. Those who have their life together, what advice would you give? +Edited -- found an answer, still welcome any advice + + +I am not an accountant. I help my 70+ yo parents each year with their taxes. TBH -- it's super straight forward, they live off SS and my mom's one job at a drugstore. However, my mother does have a small 401K that because she is over 70.5, she is required to take the minimum disbursement. + +In 2020 - the holder of the 401K changed, and it appears her disbursement was never sent. Does this mean she has to pay a penalty? Any advice on where to figure out how to handle this is appreciated. We're going to call the financial company on Monday - but trying to research too. Thanks! + +Edited to add: I just found an article that [RMDs were suspended in 2020 through the stimulus package](https://www.investopedia.com/articles/retirement/05/011005.asp). Leaving this up in case it helps someone else. +&#x200B; + +[Every Monday - Friday at 7am](https://preview.redd.it/pk2qzlfl1o981.png?width=1600&format=png&auto=webp&s=ae8a198ed3d668313885fd6dcc9a1ccd1be324ad) + + + +*GOOOOODDDDD MORNNNNININNNNNNGGGGG SSSSUUUPEERRRRR SSSSTOOOOOOOONNNNNNK!* + +I am [u/Odd-Ad-900](https://www.reddit.com/u/Odd-Ad-900/) and I am your mildly unhinged morning news anchor. + +Yes, I took my Reddit given name. No, I am not "new". Calling me a shill? MGGA Please... (psshhhh) + +**I want to give A Big thank you to my news team** [**u/blazlyn**](https://www.reddit.com/u/blazlyn/)**,** [**u/viviconsadventures**](https://www.reddit.com/u/viviconsadventures/)**,** [**u/tokyorose**](https://www.reddit.com/u/tokyorose/) **and our very own mods** [**u/dismal-jellyfish**](https://www.reddit.com/u/dismal-jellyfish/)**,** [u/Hipz](https://www.reddit.com/u/Hipz/)\*\*,\*\* **and** [**u/luma44**](https://www.reddit.com/u/luma44/) **You guys are the best! And I couldn't do this without you.** + +Can You Smell That? It smells like the fire that will consume Rome. It will be a great show... kinda like hanging with Tyler Durdin in the financial district... + +God I love this job. + +Insert NON-FLACCID intro card: + +https://preview.redd.it/1i5ef35a3o981.png?width=680&format=png&auto=webp&s=4f0009653306b2744b28a63bce484cf26eb855df + +&#x200B; + +&#x200B; + +Yesterday, this news story caught traction on the sub even though it didn't catch media attention. Here is a link to the data the news story is reporting on. We have made some waves so far in the financial world. Well this, this is a fucking tsunami. I am actually in a little disbelief and I know I shouldn't be. This is concrete proof that the government is operated by the banks. We've always known this... but this is proof. Liquidity crisis in 2019? You mean at the exact same time Covid 19 began rising in China? Yeah. + +I mean, we should be numb to this right? I mean... we "KNOW" the levels of fuckery going on. We know that this reaches into the deepest depths of our government. It is probably deep enough to come right to our hometowns in a "trickle down" fashion. But still... why the fuck are we not doing anything about it? + +The kind of systemic change that is going to be required cannot happen through a chatroom. And DC is completely under control from the banks. So WHAT ARE WE GOING TO DO? u/Loopring? Any ideas? u/DeepFuckingValue? + +Oh yeah... HOLD + +This is a link to the dataset. + +[https://www.newyorkfed.org/markets/OMO\_transaction\_data.html#rrp](https://www.newyorkfed.org/markets/OMO_transaction_data.html#rrp) + +u/Far_Bass_7284 made the news story into comments on [u/Jolly-Conclusion](https://www.reddit.com/user/Jolly-Conclusion/)'s post. + +*Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy. That’s blockbuster news. But as of 7 a.m. this morning, not one major business media outlet has reported the details of the Fed’s big reveal.* + +*On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis.* + +*It was the first time the Fed had intervened in the repo market since the 2008 financial crash – the worst financial crisis since the Great Depression. The COVID-19 crisis remained months away. The first reported case of COVID-19 in the U.S. was not reported by the CDC until January 20, 2020 and the World Health Organization did not declare a pandemic until March 11, 2020.* + +*The dollar amounts of the Fed’s repo loans grew to staggering levels. On October 24, 2019, we reported the following:* + +*”The New York Fed will now be lavishing up to $120 billion a day in cheap overnight loans to Wall Street securities trading firms, a daily increase of $45 billion from its previously announced $75 billion a day. In addition, it is increasing its 14-day term loans to Wall Street, a program which also came out of the blue in September, to $45 billion. Those term loans since September have been occurring twice a week, meaning another $90 billion a week will be offered, bringing the total weekly offering to an astounding $690 billion. It should be noted that if the same Wall Street firms are getting these loans continuously rolled over, they are effectively permanent loans. (That’s exactly what happened during the 2007-2010 Wall Street collapse: some teetering Wall Street casinos received, individually, $2 trillion in cumulative loans that were rolled over for two and one-half years – without the authorization or even awareness of Congress or the American people. One bank, Citigroup, received over $2.5 trillion in Fed loans, much of them at an interest rate below 1 percent, at a time when it was insolvent and couldn’t have obtained loans in the open market at even high double-digit interest rates.)”* + +*Under the Dodd-Frank financial reform legislation of 2010, the Fed was legally required to release the names of the banks and the amounts they borrowed “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” The New York Fed released the information for the third quarter of 2019 last Thursday, a day earlier than required. We reported on it the following day.* + +*Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jones’ MarketWatch, and Reuters.* + +*Could this critically important story have simply slipped by all of the dozens of investigative reporters and Fed watchers at these news outlets? Absolutely not. The Fed was required to release its repo loan data and names of the banks for the span of September 17 through September 30, 2019 at the end of the third quarter of this year. We reported on what that information revealed on October 13. Because we were similarly stunned by the news blackout on that Fed release, out of courtesy we sent our story to the reporters covering the Fed for the major news outlets. Our article alerted each of these reporters that a much larger data release from the Fed, for the full fourth quarter of 2019, would be released on or about December 31. The data was posted at the New York Fed sometime before 1:23 p.m. ET last Thursday.* + +*A The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence.* + +*Next, we emailed a number of reporters who had covered this story in 2019 but were no longer employed at a major news outlet. We asked their opinion on what could explain this bizarre news blackout on such a major financial story. We received emails praising our reporting but advising that they “can’t comment.”* + +*The phrase “can’t comment” as opposed to “don’t wish to comment” raised a major alarm bell. Wall Street megabanks are notorious for demanding that their staff sign non-disclosure agreements and non-disparagement agreements in order to get severance pay and other benefits when they are terminated. Are the newsrooms covering Wall Street megabanks now demanding similar gag orders from journalists? If they are, we’re looking at a form of corporate tyranny previously unseen in America.* + +*The history of Bloomberg News came to mind. That news outlet had previously come under fire for spiking stories that may have been counter to the business interests of its billionaire owner Michael Bloomberg, who derives his billions of wealth from leasing the Bloomberg data terminal to Wall Street’s trading floors around the world.* + +*On March 11, 2016, Matt Winkler, Editor-in-Chief-Emeritus at Bloomberg, wrote a sycophantic piece titled “Stop Bashing Wall Street. Times Have Changed.” Winkler wrote a fantasy view of where things stood at the time:* + +*”One of the reasons the American economy is performing better than any of the largest in Asia and Europe is that its regulators have repaired the damage of the financial crisis and the worst recession since the Great Depression. Led by the Federal Reserve, they replaced incentives for reckless speculation with catalysts for old-fashioned credit creation backed by levels of capital that are unprecedented in modern times.”* + +*Winkler’s column was an egregious coverup of the “reckless speculation” that continued on steroids on Wall Street. The megabanks were trading their own stock in their own dark pools – which continues to this day. The Office of the Comptroller of the Currency would report that as of March 31, 2016, just four banks held 91 percent of $192.9 trillion in notional derivatives held by all banks and savings associations in the U.S. Those four banks were JPMorgan Chase, Citigroup’s Citibank (which blew itself up with derivatives in 2008), Goldman Sachs Bank USA, and Bank of America – the same banks that were taking giant sums from the Fed’s emergency repo loan facility in 2019.* + +*Also in 2016, Michael Bloomberg showed very poor judgement in co-authoring an OpEd with Jamie Dimon, Chairman and CEO of JPMorgan Chase, a man who should have been the target of investigative reporting by Bloomberg journalists for an unprecedented crime spree at his bank.* + +*In 2015 Politico’s Luke O’Brien deeply reported the details of a Bloomberg News article that was critical on China and appeared to have been spiked to preserve business sales of the Bloomberg terminal in that country.* + +*And then there are those strange associations with felony counts or fines at Wall Street banks and those expensive Bloomberg terminals. The chat rooms that facilitated the rigging of the Libor interest rate benchmark and the criminal charges that came out of the rigging of foreign exchange trading were tied to chat rooms on the Bloomberg terminals. According to the late Bloomberg reporter, Mark Pittman, the Bloomberg terminal also had the capability of allowing hedge funds to find the worst subprime dreck in the market, making it possible for hedge funds like John Paulson’s to short the market while getting banks like Goldman Sachs to sell the other side of the deal to its unwitting investors.* + +*On November 20, 2019, Brian Chappatta, who still works for Bloomberg News, wrote this about the Fed’s emergency repo loans under the headline “Fed Throws the Kitchen Sink at Short Rates and Still Struggles”:* + +*”Consider all the steps the Fed has taken since Sept. 16 just for \[Fed Chair\] Powell to get to the point where he thinks funding markets are under control:* + +*”Sept. 17: The New York Fed conducts its first overnight system repurchase agreement in a decade, taking in $53.2 billion of securities.* + +“*Sept. 25: The New York Fed increases the size of its overnight system repurchase agreement operations to a $100 billion maximum, from $75 billion previously, and also raises the limit on its 14-day term repo operation to $60 billion from $30 billion.* + +“*Oct. 11: The Fed announces it will purchase $60 billion of Treasury bills a month and will keep doing so ‘at least into the second quarter of next year.’* + +“*Oct. 23: The New York Fed boosts the size of its overnight repo offerings to at least $120 billion, a size it is set to maintain through at least Dec. 12.* + +“*Nov. 14: The New York Fed says it will conduct two repo operations, each with terms of 42 days, on Nov. 25 and Dec. 2. With maximum sizes of at least $25 billion and $15 billion, these would carry past the end of the year. Taken together, it’s readily apparent that Fed officials are throwing the kitchen sink at the short-term funding markets and hoping they’ll settle down….”* + +*Numerous other Bloomberg News reporters wrote about the Fed’s emergency repo operations in 2019 and early 2020, including Liz McCormick, Adam Tempkin, and Alex Harris. And yet, today, not one of them has revealed to the American people that the very same megabanks that were drinking at the Fed’s trough in 2008 were back again at the trough in 2019.* + +*One of the most inquisitive reporters in September 2019 when it came to what had led to the Fed’s hasty interventions in the repo market was Francine McKenna, who at that time reported for the Dow Jones affiliate, MarketWatch. Less than two months later, according to her LinkedIn profile, McKenna no longer worked for MarketWatch. She had gone independent, publishing The Dig, a newsletter at Substack. On November 3, 2019, McKenna reported as follows at The Dig on the ongoing repo crisis:* + +“*One of the opinion writers at Market Watch wrote late last week that the Fed is in ‘stealth’ intervention mode after the Fed injected $99.9 billion in temporary liquidity into the financial system and $7.5 billion in permanent reserves as part of a program to buy $60 billion a month in Treasury bills.* + +“*But market demand for overnight repo operations far exceeded even the $75 billion the Fed allocated. So, on Wednesday, the Fed added $45 billion in addition to the $75 billion repo facility for a daily total of $120 billion.* + +“*There’s nothing stealth about continuing to pump billions into the repurchase market long after it said it would be needed.* + +“*The Fed originally said it planned to conduct daily repo operations until October 10. That intervention has now gone on beyond the end of the month of October with no end in sight.* + +“*Something is cooking but no one who knows what is telling the rest of us who is suddenly chronically illiquid.”* + +*Obviously, the banks that were borrowing the largest sums on a perpetual basis from the Fed were the “chronically illiquid.” JPMorgan Chase and Citigroup’s Citibank are among the largest deposit-taking, federally-insured banks in the U.S. Americans have an urgent need to know why they needed to borrow from the Fed on an emergency basis in the fall of 2019.* + +*We’ve never before seen a total news blackout of a financial news story of this magnitude in our 35 years of monitoring Wall Street and the Fed. (We have, however, documented a pattern of corporate media censoring news about the crimes of Wall Street’s megabanks.)* + +*Theories abound as to why this current story is off limits to the media. One theory goes like this: the Fed has made headlines around the world in recent months over its own trading scandal – the worst in its history. Granular details of just how deep this Fed trading scandal goes have also been withheld from the public as well as members of Congress. If the media were now to focus on yet another scandal at the Fed – such as it bailing out the banks in 2019 because of their own hubris once again – there might be legislation introduced in Congress to strip the Fed of its supervisory role over the megabanks and a restoration of the Glass-Steagall Act to separate the federally-insured commercial banks from the trading casinos on Wall Street.* + +*Why might such an outcome be a problem for media outlets in New York City? Three of the serially charged banks (JPMorgan Chase, Goldman Sachs and Citigroup) are actually owners of the New York Fed – the regional Fed bank that played the major role in doling out the bailout money in 2008, and again in 2019. The New York Fed and its unlimited ability to electronically print money, are a boon to the New York City economy, which is a boon to advertising revenue at the big New York City-based media outlets.* + + + +&#x200B; + +Rome is on fire. + +https://preview.redd.it/i9c2qomc4o981.png?width=1920&format=png&auto=webp&s=eb05f6f035b16a2358a1b46dde7526d61486cee0 + + As always, thank you to the real wrinklies out there. If it weren't for all you, I would have paperhanded a long time ago. + +[u/Additional-Ad5055](https://www.reddit.com/u/Additional-Ad5055/) (wEB3, ZK, ELI5 Guy) + +[u/wetdirtkurt](https://www.reddit.com/u/wetdirtkurt/) (Market Watch Butthole Guy) + +[u/Pharago](https://www.reddit.com/u/Pharago/) (Today's The Day) + +[u/earthysoup](https://www.reddit.com/u/earthysoup/) (OG Trading Sideways Guy) + +[u/BadassTrader](https://www.reddit.com/u/BadassTrader/) (Dorito of DOOM guy) + +[u/mr\_boost](https://www.reddit.com/u/mr_boost/) (Ape News Network | Sign Guy) + +[u/Parsnip](https://www.reddit.com/u/Parsnip/) (German Market Guy | Diamantenhände) + +[u/gherkinit](https://www.reddit.com/u/gherkinit/) (Daily Technical Analysis) + +[u/DR7KE](https://www.reddit.com/u/DR7KE/) (scales Treasury Balance Guy scales) + +[u/pctracer](https://www.reddit.com/u/pctracer/) (Reverse Repo Market Updater) + +[u/JTH1](https://www.reddit.com/u/JTH1/) (Floor Guy Stonkdate) + +[u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) (Not A Cat) + +[u/atobitt](https://www.reddit.com/u/atobitt/) (DD) + +[u/Criand](https://www.reddit.com/u/Criand/) (DD) + +[u/Dismal-Jellyfish](https://www.reddit.com/u/Dismal-Jellyfish/) + +[u/peruvian\_bull](https://www.reddit.com/u/peruvian_bull/) (DD addict) + +[u/yelyah2](https://www.reddit.com/u/yelyah2/) (legendary apette) + +[u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) (no introduction needed) + +[u/LeftHandedWave](https://www.reddit.com/u/LeftHandedWave/) (RRP Explainer Extraordinaire) + +[u/Chared945](https://www.reddit.com/u/Chared945/) (The Front Deskman) + +[u/kvlyc](https://www.reddit.com/u/kvlyc/) (prolific REAL news poster) + +Thank You All for your Diamond Hands and Dedication to Rebuilding the World. + +Edit: [u/DennisFlonasal](https://www.reddit.com/u/DennisFlonasal/) ***IS*** (an absolute dumbass) +I tried posting this on another subreddit but it didn't work. I thought it might be of interest to people here. I went through my archives and put together the attached chart of GME stock float and short interest over the last several months. As everyone has noticed, the float number recently reported by Yahoo Finance looks to be off. I can't explain why, but based on my experience with such data, float does not fluctuate that greatly on a day to day basis. It will be interesting to see what the data bears out over the next several days. I hope this is of interest to followers of GameStop stock (I currently hold no positions in GME). + +https://preview.redd.it/ombohs8wo4n71.png?width=952&format=png&auto=webp&s=5f3ab305bf90e5d3f09471a3c4f0b75a253874dc +To an extent, all of us who are still getting our feet wet in trading struggle with all three, but among them, which do you feel is your biggest? + +For those who are unfamiliar, here’s a brief description of what each may look like (note that they’re not mutually exclusive): + +- Greed: A trade goes your way, and you start seeing dollar signs in your eyes. You’re holding for more, hoping it keeps going. The price starts reversing, but you don’t take profits because you want more, more, more. Then the price comes back to break even or lower, and you get out with nothing or a loss. + +- Fear: You hesitate to enter trades because you’re worried the price will turn once you enter. If you somehow manage to enter, you’re sweating watching the price go. If it goes your way, you take profits immediately, worried that it’ll turn. If it doesn’t go your way, you get spooked out, not even waiting for your stop loss. + +- Ego: You can’t be wrong. You have to time the exact peak or bottom so you can be the first one in to take the most profit. If you enter a trade, and the price doesn’t go your way, you refuse to accept defeat, and you ignore your stop loss. Better to bag hold than admit you were wrong. It’s not until the loss becomes so great that the pain is unbearable that you finally cut, and now you want revenge on the market and/or ticker for daring to do this to you of all people. +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + Welcome + To + PIKA CRYPTO + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +PIKA is a community driven token on the ERC-20 Network. $PIKA has a unique ecosystem known as 'GAME-Fi'. The aim is to revolutionize the 'Meme Coin' market. 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Including NFTs, BOOSTER PACKS, EVOLUTIONARY STAKING, DEFLATIONARY TOKENOMICS & MUCH MORE 🔥 + +https://pikacrypto.com/whitepaper.html# + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $PIKA TOKENOMICS + +💰 SUPPLY : 50,000,000,000,000 +👑 CIRCULATION: 43,101,152,454,923 +🙋‍♂️ HOLDERS : 5000+ +💵 LIQUIDITY: USD 1,150,000+ +📛 2.25% - Total Tax +✅ 1.5% To Liquidity Pool +👨‍💼 0.3% To Team wallet +🔥 0.25% is Burned +🌠 0.125% To Charity Wallet +🎫 0.075% Added Back to LP + + ⚡️$PIKA CONTRACT⚡️ + +0xa682ee16b497afceedf47e4820fc2af3845fd2d2 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $THUNDER TOKENOMICS + +✊Second Evolution ($PIKA -> $THUN) +📊 RATE : 10,000 : 1 +💰 SUPPLY : 213,434,715 +👑 CIRCULATION: 213,434,715 +🙋‍♂️ HOLDERS : 1000+ +💵 LIQUIDITY: USD 461,000.00 +📛 2.25% - Total Tax + + 🌩 $THUNDER CONTRACT 🌩 + +0x43a89815f33747edbecc588d6bb7e1c10dda5599 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + + $RAI TOKENOMICS +✊Third Evolution ($THUN -> $RAI) +📊 RATE : 1000 : 1 +🙋‍♂️ HOLDERS : 1300+ +💵 LIQUIDITY: USD 270,000,000 +📛 3% - Total Tax + + 📈 $RAI CONTRACT 📈 +0x4c9bbfc1fbd93dfb509e718400978fbeedf590e9 + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— + +Link: https://www.youtube.com/c/PikaCrypto + +📢 Telegram: https://t.me/pikatokenofficial + +🌐 Website: https://pikacrypto.com/ + +🐦 Twitter: https://twitter.com/PikaCrypto_ + +—————————————————————— +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ +—————————————————————— +Maybe this isn't the best place to ask? Maybe someone can guide me to a better subreddit for this question? :) + + +So my insurance doesn't really kick in until I reach my $6000 deductible. OK, fine. But dang! Having insurance doubled what I owe to the hospital! + + +Long story is, my doctor said I had to get some bloodwork. The receptionist told me to check out the lab in the hospital (1 minute walk from the doctor's front door). I'm dumb. I went. Mistake #1. I asked if they take my insurance, they said "Heck yeah we do". 5 minutes of bloodwork later and I'm driving home. (If I had not listened to the receptionist's advice and just driven to the lab down the street.........) + + +I get a bill in the mail 3 months later. The total bill is $1600. Since I don't have insurance (what?) they want $290. This is where I make mistake #2. I call the hospital's billing company and tell them "Hey I have insurance, what the heck? Why am I being billed $290 for 5 minutes of bloodwork?" They say "Oh dear, looks like we took your insurance number down wrong. We'll put the payment on hold while we contact your insurance company." *In hindsight I should have paid the $290!* + + +1 month passes. I get an updated bill in the mail. The total bill is $1600. Since I have insurance, they want $550. From me. My insurance, bless their hearts, got my bill down from $1600 to $550. **What?** + + +I called the billing company and asked if I could just pay the $290 from the original bill. "Sorry! $550 please or we send it to collections!" + + +I called my insurance company and asked if they cared, at all, about any of this. They don't care. + + +Does anyone have any ideas? Am I screwed? Just pay the $550? Is there some magical word I have to say to the insurance person to get them to fight for the $290 rate? + + +Any advice is appreciated. Thank you. +So I've made all the tests for cointegration, ran a bunch of backtests and I'm pretty curious because I don't know how to choose a pair to start trading. Maybe I've done something wrong, but choosing a pair looks like pure luck because (in the backtests) most of them gain a little profit and then lose it or get a little drawback and then gain it back, so I'm wondering if I should implement rolling cointegration, or backtest out-of-sample (like cointegration test for \[:100\] and backtest for \[100:\])? + +Hope I've described my problem clearly, sorry if not :) +My understanding that it is very easy to steal tax returns if you have the SSN of the victim, and credit freezes obviously do not work on tax returns. + +It also appears as though no new measures have been added for identify verification since the equifax leak, so as best as I can tell 2018 is likely to be a whole new era of tax return fraud. + +Is there anything we can do? +The ride-hailing company is said to be valued at $120 billion. The company has yet to generate any profits for its early shareholders and debt-holders. In the recent quarter, Uber lost $1.1 billion on $2.95 billion revenue. + +https://www.bloomberg.com/news/articles/2018-12-11/uber-is-said-to-select-morgan-stanley-to-lead-2019-ipo +My benefits stopped for some reason months ago. I finally tried to figure it out and it turns out the county made a mistake. So they just credited me with several months of back benefits. I’m poor af but me and my daughter will be grocery shopping like the bourgeoisie for a while. Such a major relief. +Hi everyone, looking to get some perspectives of peoples’ opinions on private vs public schooling in Sydney. + +I have a young one and have been thinking about the pros and cons of both. In this case I’m disregarding fully selective schools (not to say my kid isn’t smart but I might not have any control over how they do). + +Have people felt that private schooling which costs many multiples more than public schooling worth it? Things around facilities, extracurriculars, academic outcomes etc. I’m also totally open to hot takes (e.g if people think it’s worth it networking with more affluent/cash stupid kids) +Comes with the job but is not something anyone in the company really admits, I don't know if they just dont want everyone doing it or what. Anyways I'm only 22 and have just been pumping it into my vanguard 401k instead. Should I make the switch over to the stocks? I've never done it so if I should just pull my head out of my ass and do it then I guess I will. Are B stocks worth it? I've always viewed stocks as a gamble so it makes me nervous as I do not like gambling. +I've finally been able to pay off one of my loans with my tax refund. This has made my credit score rise around 30 points. +It feels so good to be able to pay something off and see my credit score finally rising. + +Now I will be able to put the monthly payment amount into an emergency account since I'm used to living without it. + +I feel as if I'm finally getting ahead! + +We all talk on here about how the stock market WILL recover and will even keep going up for decades to come. + +However, I researched a little about this, and apparently first off the US stock exchange trades for a premium compared to other stock exchanges. + +Next, I came across japans economy. They used to be a superpower. Some even thought they would overtake the US economic wise. + +But it crashed… and it has never went back to that high. + +What makes the US different? I’d love to hear your opinions. I’m not too educated on the subject. +[https://buystocks.co.uk/news/most-traded-us-stocks/](https://buystocks.co.uk/news/most-traded-us-stocks/) +My net worth falls in the range, and although it is not nearly enough to be FI, I'm curious to know if you consider that to be a lot of money, or very little. In your opinion what advantages does a net worth in that range offer you? + +New to this sub, if this question in inappropriate I apologize! + +Edit: My most highly commented-on post. Thanks for all the insight everyone, this sub has so much to offer. +Okay this is the most genuine question I have kept asking myself for a while. + +Lets say in the most drastic scenario, the U.S government, just absolutely collapses. Regime change, Economic Collapse, default on debt, etc. etc. + +In the case of the stock market, how would you even keep any ownership of shares in companies with regime change? Or would everything you put in, just be completely gone? + +This is genuine though, not saying to troll if there is an actual answer to it. +My parents want me (37m) to be the Trustee for my older sibling (40m). He is STEM PHD and works in research in a college town. Lives the responsible party lifestyle with his wife. Does well at work but when he is home he is home. Academia has its perks. Parents are looking to leave both of us substantial trusts ($10m each) by year end. They want me to have power of attorney over his trust. + +Brother has a history of not responding to calls from financial advisor. He is not great with people. Very smart but not so much common sense. + +Any tips for this role not hurting our relationship? We have a great relationship but live in different places and have different lives. He is pretty cheap and not the type to spend money on stupid things. If I told him he could only draw 2-3% he wouldn’t care. He has expressed interest in owning some student housing nearby. He might invest in a home or two. + + +Update - thanks to all of you. Great feedback and I am confident my family relationships will remain healthy. Couple of clarifying comments after a family zoom session. + +1. My brother is in charge. He is searching for his own financial advisor. I am only power of attorney now. Independent executor. I can replace executor if need be and make allocation decisions within guidelines of trust. I only have authority to make decisions if he is not responsive to his advisor in a reasonable time period or incapacitated. I have 3-4 hour time commitment a year. Gave my parents my word I would check the returns and fees quarterly to make sure fees are fair. + +2. Trust has a lot of guardrails. 2-3% annual withdrawals based on market hurdle rates. Provisions for medical, primary house, or other emergency. + +3. Brother loves what he does and has no plans to stop working. He has a great life. We talked today. He is excited. My sister in law is excited. She is the aspiring real estate mogul. He wants some upgraded travel. They have a budget figured out already based at $150k/ year after tax and don’t think they can spend it all. +I’m so tempted to write covered calls on QQQ 3 times a week. I know QQQ has calls that expire every mon wed fri. Why is it not more beneficial to sell a call that has 1 DTE three times every week to catch that theta??? I kinda understand the risk but can’t you better determine the price at expiration if it’s literally 1 day away?? +&#x200B; + +I just put this together on RH and it says "Custom". The Max Profit is $1800, the Max Loss is $700. I have a few questions: + +1) Is there a term for this? + +2) Does that Max Profit/Loss with such a wide breakeven seem unreasonable? Like, this seems like a pretty safe trade but is there something I'm missing? Anything you would do different? + +3) How much buying power am I going to have to lock up to do this? Just the $700 for max loss? Or more? + +Thanks! + +&#x200B; + +https://preview.redd.it/cpvgprr0mtn91.png?width=309&format=png&auto=webp&s=b37df47b7beeaf0a987fd0ebce535b546e824c9e +Hi everyone. I'm still new to options so.. be gentle. + +A few weeks back I asked about the potential risks of the wheel strategy. I received some very helpful responses. After this past week I'm very familiar with the potential downsides. :) + +My next question: would it make sense to buy a protective put on a stock you are wheeling to limit the downside risk if the underlying stock tanks? + +For example: I'm wheeling AMC. I have no confidence that the stock won't tank. I see there is a June 6 $6 put selling for $.46. That seems like some pretty cheap insurance against a large drop, putting a limit on my downside risk. + +Pros: Puts a limit on my downside risk if the underlying tanks. + +Cons: Buying the put eats into the profit I'm making selling CCs and increases my cost basis slightly. + +Are there other factors I've missed? + +Thank you! + Since its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares have plummeted 20% upon announcement of problems with its’ next-generation 10nm and 7nm manufacturing processes. The massive collapse has led to widespread attention among investors, but in reality the situation has been years in the making for those who’ve been paying attention. Today I’d like to look at some of the technical decisions Intel made, why they’ve caused problems and the implications of that on their future. + +**Lithography techniques** + +Lithography is an incredibly complicated process that forms an incredible competitive advantage for those who master it. In simple terms, you put a template of circuit designs (photomask) on a silicon base (wafer) and shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html). + +Over time, people tried to fit more transistors in the same area – this would lead to increased performance capability, lower power consumption and various other benefits outlined in Dennard Scaling\[2\]. This becomes progressively more difficult over time, as you’re trying to cram transistors into areas thousands of times smaller than the width of a hair. The industry ran into a particularly tricky wall around the 20nm mark, since the size of the laser you used to ‘print’ the circuit design became so relatively big that it couldn’t reliably follow the complicated patterns needed for all the transistors. Two schools of thought developed to address this problem – patterning (using more than one photomask, each with simpler diagrams, and lasering the wafer with each of these templates separately), and EUV (extreme ultra-violet, using radiation with much smaller wavelengths than traditional). Intel saw success with dual-patterning (two templates) on its’ 22 and 14nm process, and chose to go one step further and pursue quad-patterning on its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV for their 7nm process. That might give you a hint as to which was the right choice… + +Other terminology I’ll be referring to in this piece are yield (how much of a wafer is actually useable) and monolithic (the whole CPU is cut out of the wafer as a single piece of silicon) vs chiplets (the CPU is formed from several pieces of silicon stuck together) + +**The problems with 10nm** + +Back in 2013, Intel was in it’s prime. It dominated the CPU market with >90% market share, and was pursuing a tick-tock strategy with its’ chips – every two years you would have a die shrink ‘tick’, then the alternating years you would have a microarchitecture change ‘tock’. In the roadmaps released by Intel, they planned to have their next ‘tock’ of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’ never did. Even today, 4 years after it was supposed to be released, 10nm still isn’t really here. On paper, it was launched with Cannon Lake in 2018 – but the total number of those are in the thousands, if not hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in 2020 but they have incredibly limited supply and offer inferior performance to Intel’s own 14nm offerings. \[5\] The latest update is that desktop and datacentre chips will come in the second half of 2021 – but for reasons we shall soon see it is my opinion that these will yet again be flops. In fact, it is my opinion that 10nm is a total writeoff, and that the design decisions taken at a very early stage have doomed it to failure. When you use lithographic techniques, you are bound to have some defects in your wafer. After all, creating billions of devices tens of atoms in size isn’t going to be perfect. Patterning as a lithographic technique inherently has a higher defect rate than not using it – you’re basically going through the same process multiple times, thus increasing the chance of defect dramatically. As I mentioned earlier, Intel is using quad patterning in 10nm – this means their defect rates are going to be sky high. At the same time, their usage of a monolithic die compounds this problem for high-performance, high core count CPU models. As you can see from the blue wafer below, it’s difficult to draw large squares (high-core count models) that are without defect. In comparison, the red wafer is AMD’s chiplet approach, built on TSMC’s less defect-prone EUV process. + +(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here) + +Since you can paste together multiple small CPUs into one bigger one, you use a far greater percentage of the wafer, cutting costs and letting you freely choose however many high-performance chips you want to build. + +Of course, it’s impossible for anyone outside Intel to know the exact numbers for the defect rates, yields and unit costs for 10nm. No doubt they are improving as time goes on,as they always do with a maturing architecture. However, I can say with certainty that + +1. they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS +2. The margins on 10nm will NEVER reach the heights that Intel has traditionally seen. Intel has enjoyed gross margins of above 60% for the last decade. In my opinion, if Intel were to replace their whole product stack with 10nm, their gross margin will never rise above 30%. The maximum price they can release their products at is capped not only by AMD’s offerings, but more importantly their own legacy performance. If Intel attempted to price at a level that would give them healthy margins, their entire product lineup would be outcompeted by their 5 year old 14nm chips on a price/performance basis, and their customers would have no reason to upgrade, decimating their revenues. + +These are bold statements but I believe Intel’s actions over the past few years, and their planned actions over the next few, support this view. + +When you release a new generation of processors, you always want to have it be ‘better’ than the previous generation. This may seem incredibly obvious, but the only exception is when the design has such big inherent flaws that you can’t physically do so. For instance, the Bulldozer architecture AMD released in 2011 performed worse than their own previous-generation Phenom II architecture \[6\], leading to near-bankruptcy of the company, due to the flawed design of maximising core counts from a belief that multi-threaded performance was the future; while having the processor cores shares caches and FPUs, massively reducing the multi-threaded performance of the architecture. Intel finds themselves in a similar situation today. Their design choices made back in 2013 mean that it is impossible to mass produce 10nm high core count chips. This would’ve been fine if their monopoly continued and the mainstream continued to have 4 core, 8 threaded CPUs. Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores. However, the resurgence of AMD with their high core count capable Zen architecture meant that Intel were forced into raising their own core counts to compete – there has been a doubling of core counts across their entire product stack, which is fine on 14nm with its’ double patterning, but not so much on 10nm. The limitations of 10nm mean that current generation chips at the same price point from Intel have 14nm massively outperforming 10nm, with the higher core counts outweighing any density improvements that 10nm brings. Similarly, leaks for the upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that the maximum number of cores on 10nm,28, will be 33-50% lower than those from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x the core count at half the price.\[8\] The persistent lack of chips on 10nm that can outperform their predecessors, despite us now technically being on ‘10nm+++’, suggests that there is a fundamental barrier in the technology that no amount of delays and extra engineering can get past. 10nm is rotten from the very first steps taken. + +**7nm and beyond** + +So now we’ve established just how much of a disaster Intel’s 10nm process is, what about 7nm? It should be better right? After all, its’ built on the superior EUV, rather than SAQP. The market obviously expects it to be Intel’s saviour, given the massive drop in Intel share price was widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t have nearly as much solid information to go on compared to 10nm, I just want to note a few things. The exact words Bob Swan used in the Q2 call were ‘we are seeing a 6 month shift in 7nm… 12 months behind our internal target… we have identified a defect mode that resulted in yield degradation’. + +There’s quite a lot to break down here. Many people, including analysts on the call, were confused by how 7nm could be both 6 and 12 months behind target at the same time. Have Intel achieved quantum tunnelling of time? The truth is that Bob’s claim of a ‘buffer in planning process’ as the reason, while technically true, is incredibly misleading. In any typical launch of a new process node, you spend a few months getting up to speed – running the foundry through the whole process, troubleshooting, using the produced chips as prototypes to send to OEM partners for them to design products around, etc. You don’t sell the chips produced to anyone. Industry standard is to call this period a tape-out, not a launch of a new process – that’s when you actually produce chips that you sell to people. Bob’s comment translated is that the process is delayed by 12 months, but they’re going to breach industry standard and ‘launch’ 7nm when the first fabs start spinning up 6 months before they have chips in any volume. Sound ridiculous? Well, Intel did the exact same thing with 10nm. Faced with mounting pressure over the constant delays, Intel ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole generation, a dual core processor with a clock speed of 2.2Ghz that was slower than the i3-3250 released in 2013 for $20 less than the 10nm part. Not to mention it was nigh on impossible to actually buy one.\[9\] Cannon Lake was an incredibly obvious paper launch, released to appease investors at a time where Intel had just started up its fabs. Ice Lake, the first 10nm architecture you could actually buy (in limited quantities) shipped in September 2019, more than a year after Cannon Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to sweetcoat a 12 month delay (assuming no further delays). + +The second part of the comment, relating to a ‘defect mode’, is just as interesting as the first. Intel are attempting to use GaaFeT technology for their 7nm process, though there's conflicting information suggesting they might move away from this if it proves to be too difficult. \[10\] GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and unproven transistor technology that should overcome the technical difficulties current transistor technologies face at increasingly smaller sizes. Unlike normal process shrinks, this is going to a completely new type of transistor and we only have one other comparable in history – the transistor to a 3D FinFeT technology a few years ago. With FinFet, the research process from having a ‘working prototype’ demonstrating commercialisation potential took 8 years. \[11\] Meanwhile, the equivalent demonstration with GaaFeT took place 3 years ago. + +\[12\] While FinFeT and GaaFeT are different beasts, it is undeniable that the plans from Intel, and indeed all other foundries, are incredibly ambitious. The latest leaks suggest that the ‘defect mode’ Intel have ran into has to do with their GaaFeT implementation. If this is true, you could easily see 7nm being just as much of a disaster as 10nm is. + +Beyond 7nm, there are some positives to be [found.](http://found.as/) As we get even smaller transistors, it will be necessary for both EUV and patterning to occur. It's likely that Intel will have an advantage in this area compared to competitors due to their experience with 10nm. At the same time, they are actively exploring chipletbased designs. They might have been late in realising the benefits, but they've finally come around with their EMIB, Foveros and big.Little technologies, all of which I'll explore in a future blog post. + +**Conclusion** + +I’ll leave it to you to decide what the financial implications of these deductions are for Intel, but suffice it to say the baseline scenario is far worse than what many people envision. There is no doubt that Intel will recover from this fiasco, but at what cost? Will it require yet another management reshuffle? Following in the footsteps of AMD, outsourcing production fully and writing off its’ own fabs? Acknowledgement that they will no longer be able to extract incredible margins from their monopolistic position? + +References + +\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html) + +\[2\][Dennard, R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc, A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf) + +[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf) + +\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E) + +\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake) + +\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html) + +[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/) + +[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742) + +[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review) + +[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809) + +[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET) + +\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET) +I have heard a lot of people say landlords will try to recover extra mortgage costs by lifting rents but wouldn't higher interest rates equal less jobs and thus less rental demand? I would assume there would be an increase in moving back in with mum and dad and share housing. What's your prediction? +*Edit: Thanks for the awards and for the quality comments.* + +Not meant to demotivate anyone, just my 2 cents. Maybe the fact that there are more votes cast than votes available will move the needle, but we don't even know how GameStop is going to handle the tally. We'll cross that bridge when we get there. + +Every day I read the most amazing new developments about GameStop. I hope the MOASS will happen, but I take great comfort in the knowledge that I am continuously investing in an extremely solid company with a very bullish outlook. + +Also, for my fellow EurApes: **Make sure you don't put all your eggs in one basket.** I started buying shares with DeGiro, and now 27% of my GME portfolio is held in DeGiro, 73% in eToro. My aim is to balance the two, so that if either one decides to play games during the MOASS, I'll still be good. + +*And little Apes: I got your back. I will sell on the way down.* + +# Tl;dr + +GameStop is a solid investment, don't expect too much from the shareholders meeting. Buy and hodl. +*Please see below for some of the commonly asked questions about FatFIRE in general, and the* r/FatFIRE *sub specifically. This FAQ will be updated on an ongoing basis.* + +**What is FatFIRE?** + +FatFIRE is Financial Independence / Retire Early at an overabundant or luxurious level. Unlike FIRE (and leanFIRE in particular), FatFIRE is typically achieved through high incomes rather than minimalism or extreme frugality. + +**What are the minimum levels of income or net worth required to be considered FatFIRE?** + +We do not have a set minimum to be considered FatFIRE. Individual circumstances vary so greatly that it would be impossible to set a single level – a family with high fixed expenses in a high-cost-of-living-area might require double or triple the income or assets of an individual living in a low-cost-of-living-area to enjoy a similar quality of life. + +**I see that there are members with flair marked ‘Verified by Mods’. What are the requirements for verification, and how do I get verified?**  + +Members can be verified as being on the ‘path to FatFIRE’ at an annual income of US$150,000+ per year, or net worth greater than US$1 million. Some adjustments are made for those living in low cost-of-living countries on a case-by-case basis. + +To verify, please submit your proof of income or net worth via modmail, along with your requested flair. If you are requesting a certain income or net worth be included in your flair, then you should be including proof of those specific claims. + +To verify, take your smartphone and make one continuous video recording of the following: + +1. Go to the login page for your verification proof on your desktop/mobile browser (you do not need to show us the login credentials). The verification proof we accept are official statements like pay stubs, bank statements, brokerage statements, etc. We do not accept websites/apps that combine external assets from different places into one place (e.g. Mint). +2. Now log into the website while keeping your camera recording the URL of the browser the entire time. Do not move the camera away from the address bar of your browser this entire time. We want to see the URL change from the login page to the page you end up with after you login. +3. And without ever moving the video away from the URL, browse to the verification screen that has the numbers that you want to show us (if you're not already there). You're welcome to frame/crop the video to block out any personal info/account numbers or put something over the personal info to cover it, but do not block the URL from being seen. We only care about the number you want to verify with while making sure the URL of the website matches the location of this verification proof the entire time. +4. Once you have the number and URL in the same video frame, refresh the browser once to show us that the numbers don't change to something totally different when you refresh. + +You can upload the video to imgur as a private video link (or any other video service) and send us the video via modmail to complete your verification. + +We do not need proof of your entire net worth or income, just enough to meet the threshold. However, if you wish to have a number in your flair (eg. NW $15M, Income $350K+) then we need to see proof of those amounts. + +We are also willing to consider other verification options if you'd prefer - anything that would objectively demonstrate your wealth. Mods are volunteers, so please allow a day or two for us to verify. If several days have gone past without a reply, please feel free to follow up with us. + +Do not set your own flair as 'Verified by Mods' if you have not been verified, as that may result in a temporary or permanent ban from this sub. Verified members should not modify their own flair once verified - instead, please write to us via Modmail to request a change to your flair. + +**How do I know if someone is really verified?** + +Verified members' flair appears in special colors which are visible in [old.reddit.com](https://old.reddit.com). + +**Is there a chart that explains what the different colors mean?** + +No - it's only for mod use. But feel free to speculate. + +**What are the benefits of verifying?** + +Generally, verified members’ opinions are given a greater weight than those who have not been verified – at least for new members to r/FatFIRE. Verified members are also able to take part in ‘Verified Members Only’ posts. + +**Will verification ever become required?** + +There are currently no plans to make verification mandatory. Many of our regular contributors are not comfortable with the verification process. Also, FatFIRE mods are not able to commit the potential time and effort required to verify tens of thousands of members. + +**What do you mean by “specifically relevant” to FatFIRE?** + +A post may be removed under rule 1 when it���s not specifically relevant to FatFIRE. This means that it must be relevant to FatFIRE alone, and not more relevant to leanFIRE, FIRE, Financial Independence, investing, etc.. High dollar values are not sufficient justification for relevance, unless they fundamentally change the nature of the question. + +For example, “where should I invest $5 million?” is generally not considered specifically relevant, as the question of how to invest is largely the same for $50,000 in investments as opposed to $5 million. “Is $20 million enough to justify support from a multi-family office?” is relevant, as multi-family offices are generally the purview of wealthy families. + +**What do you mean by “no ask-a-rich-person” questions?** + +We define “ask-a-rich-person” questions as those questions where the only specific relevance is found in wanting to get FatFIRE’s take on a specific issue, and questions that are posed with limited personal context. For example - “What are your favourite books?”, “How long is your mortgage term?”, or “What is your advice to a new millionaire?” + +**My post was removed, and I don’t believe it violated any rules. Can I appeal this decision?** + +If you feel your post was removed despite not violating the rules, then you can contact the mod team via modmail to request that another mod review your post. Generally, any post with negative karma will not be reinstated. + +Bear in mind that if your post contained insulting, discourteous, or judgmental content then the subsequent review might end up with you receiving a temporary or permanent ban, rather than a reinstatement. + +**Someone posted a judgmental comment, and I reported it. Why wasn’t it removed?** + +The “no judgement” rule applies specifically to comments and posts that judge others based on income or asset level, or living a luxurious lifestyle. Comments that are otherwise critical of members – say, the efficacy of their investment strategies – will not be removed, provided that those comments are neither insulting nor discourteous. + +**Someone replied to my post with "Go fuck yourself" or "Make me some breakfast." I reported this comment for being discourteous, but it wasn't removed. Why?** + +If you have recently FatFIREd or experienced a sudden windfall, then being told to "go fuck yourself" is considered a [term of celebration](https://www.reddit.com/r/financialindependence/comments/8pwsy8/how_did_the_go_fuck_yourself_tradition_in_this/) in which the commenter is expressing a kind of envious admiration for your situation. ["Make me some breakfast"](https://www.reddit.com/r/fatFIRE/comments/knslkb/i_just_confirmed_that_for_the_first_time_ever_i/) is similar, but specific to r/FatFIRE. + +In instances where OP has not FatFIREd, such comments may be considered discourteous and dealt with accordingly. But otherwise these comments will be left up. + +**Is there an index of relevant FatFIRE posts from over the years?** + +Yes - please check out [The fatFIRE Index](https://fatfireindex.com/). Thanks go to u/flowingserenity for putting this together. + +&#x200B; + +**Acronym list:** + +ETF - Exchange Traded Fund. Typically refers to an investment fund that tracks a specific stock market index, such as the S&P 500. + +FIRE - Financial Independence, Retire Early. + +FAANG - Facebook, Apple, Amazon, Netflix, Google. Sometimes used to refer to other large tech firms in general. + +HENRY - High Earner, Not Rich Yet + +GFYS - "Go fuck yourself." A term of congratulations when OP has FatFIREd. + +NW - Net worth + +SWR - Safe withdrawal rate. Generally considered to be 4% or less, though this is a subject of some debate throughout the FIRE community. + +(V)HCOL, MCOL, LCOL - (Very) High Cost of Living, Medium Cost of Living, Low Cost of Living + +&#x200B; + +*If you have suggestions for further questions (and / or answers), please leave a comment on this post or send us a message via Modmail.* + +*We would also appreciate if members could include links to previous FatFIRE posts that they believe provide definitive answers to frequently posted questions such as how to establish a family office, when to fly first class, benefits of establishing a donor advised fund, etc.* +Last weeks, GameStop suddenly seems to offer so much more stuff, and they seem to add another category each week. Some examples: + +* Board games +* Candy +* Action figures +* Sport collectables +* Vinyl records +* "Lifestyle" stuff (mugs, lamps etc.) +* Extended accessory offering +* Extended offering PC hardware +* Extended T-shirt offering +* Etc. + +I think this is a very very smart way to leverage their global brand recognition and loyal following they got in the last couple of months. Imagine all apes buying their shit at GameStop instead of other companies, what a potential that could be for the company! + +# To all apes, really take a look at their website [it is amazing: https://www.gamestop.com/](https://www.gamestop.com/) + +# I am certain GameStop will shatter next earnings 🚀 🚀 + +&#x200B; + +Edit: added vinyl records +In April I started working for a new company, a retail bank, as a personal banker. Every paycheck would be around $1400. I moved into a one bedroom apartment where the rent was $1300. Since this was less than one paycheck, it seemed great, especially since this is a great and safe area to live in. I was promised quarterly bonuses of $8000. While I didn't factor those in, I was looking forward to something in that area. I was saving $100 a week, and things were going great. + + I also have a monthly expense of $240 to pay for a medical procedure I got done this year. I'll be paying that off for quite some time. + +Plus there are utility bills, which come out to around $150/month. + +Fast forward to today, turns out most of my pay was due to overtime. They hired extra help, and everyone got 40 hours flat. Now my paychecks are in the $900 range. + +My quarterly bonuses, try as I might, are in the $200 range. + +Not to mention I owe my sister $1100. She lent it to me at a repayment rate of $100/week so that I could pay off my roommate's security deposit. (I had to kick my roomate out for threatening to rape my girlfriend). + +All month I've been using my credit card for everything I do, because rent money comes first and I couldn't take from that. I now owe about $700 on the card. I am planning to take the credit loss and repay the minimal amount every month until that cc debt is paid off. + +Ultimately it seems like I bit off more than I can chew. My boss told me that this was a good idea because if I am hungry I will be more motivated to make more money. While at the same time cutting my overtime. + +What can I do? Please help me. How can I make more money? Are there cool side jobs that you guys know of? Any ways to make some extra money? Or save money? I don't spend money on myself, all month I've been in an empty apartment because I can't even afford to buy cheap furniture. + +Hey everyone. I'm a 24 year old who's been lurking around this sub for a while now - basically since I got my first job and realized I really don't want to work for the rest of my life. I'm super grateful to you all for getting me on the right track. I make about $85K gross at the moment, and my NW is sitting right around $95K. + +I've been working from home for the last 2+ months, and it's wearing on me, and really making me miss my extremely expensive hobby: horseback riding (jumpers, specifically, if there are any horse people out there). I miss riding terribly, ever since I graduated college and stopped. It quite literally is the only thing that has ever brought me that level of happiness/joy/passion before. But I don't think there is any way around the fact that it's completely incompatible with FIRE for me, unless I up my earning significantly (which won't happen anytime soon). + +How do I come to grips with this? Anyone else give up some of their passions to pursue their FIRE journey? Was it worth it? Did you get back into your hobby later in life? +I have a meeting with the Fed Chairman. It will be a semi-formal discussion with about 40 people. There will be plenty of time for Q&A after his remarks. Our focus will be on serious policy measures, rather than a glorified tour (which I would hope the Chairman would not waste time on). + +We have unique access to him as a favor, so I won't ask/pass on any non-polite or pressing questions. That does not mean I will throw him softballs. For example: *Why are you so afraid of an audit? What are you hiding?* (Bad). *Would a one-time (rather than regular) audit of the Fed assuage your fears of piercing the wall of independence the fed needs, and if so, in what ways could an such an audit be done to avoid your objections?* (Good). *Dude, where do you buy your suits?* (Bad). *What do you personally feel the chances are of stability in the Banking sector after their bailouts, without the passage of reform like re-enactment of Glass-Steagal?* (Good). + +I'll record the highest-rated questions to present with any remaining time after the meeting, and share the answers here (if able). I'm not sure whether the meeting will be off-the-record or not, so I'll also avoid details about how we gained access. + + +Edit: I just got back from the meeting. We actually got to hold it in the FOMC board room. I'll do a writeup in a bit. +[The Cost of Capital, Corporation Finance and the Theory of Investment](http://www.aeaweb.org/aer/top20/48.3.261-297.pdf) + +> A central question in corporate finance is how a firm’s financial choices, such +as its use of debt rather than equity financing, affect its cost of capital and consequently its investment behavior. This paper developed a new framework for addressing this question by asking how different debt-equity choices would affect the total +market value of all of the cash flows that the firm provided to its investors, both +bond-holders and stock-holders. The paper’s central result is that, in a setting with +complete capital markets and in the absence of tax-induced distortions, a firm’s +total market value is invariant to its borrowing behavior. This powerful result can +be demonstrated constructively, by developing a straightforward set of borrowing or +lending transactions that an equity investor can undertake to offset the consequences +of changes in corporate borrowing. The analytical approach in this paper is one of +the key foundations for the modern field of financial economics. +Hey folks, + +Wanted to do our usualy annual check-in about the subreddit, moderation policy, and policy implementation. + +If you check the sidebar, you can see five rules: + +> I.This subreddit should enable sharing and discussing economic research and news from the perspective of economists. Academic work and summaries are welcome. + +> II.Posts which are tenuously related to economics or light on economic analysis or from perspectives other than those of economists should be shared with more appropriate subreddits and will be removed. This will keep /r/economics distinct from the many related subreddits. + +> III.Please post links to the original source, no blogspam, and do not submit editorialized headlines. No memes. + +> IV.Personal attacks and harassment will not be tolerated. Please report personal attacks, racism, misogyny, or harassment you see or experience. We will remove these comments and take other appropriate measures. + +> V.All images, charts, and/or videos, including original content, must be submitted with a source and summary (tl;dr). + +I think Rule V is the only new one since last year. + +We've also put some restrictions on the automoderator, such that anything that seems to be referencing the US presidential elections is initially filtered, with a request for the submtter to write a brief comment explaining why the link is relevant to economics. + +*** + +What does everyone think about the current rules or implementation of the rules? Should we try to limit low quality submissions/comments more (as suggested [here](https://www.reddit.com/r/Economics/comments/3zycly/why_do_americans_work_so_much_the_prosperity/cyqjouc))? + +What about other subreddit systems (for example, the "Article of the Week" sticky thread, or the "Bureau Member flair")? + +We've been discussing making some minor quality requirement for top level comments - here's how /u/geerussell described it: + +> One mod policy question we've circled around a few times is establishing some minimum standard for top-level comments. Right now, only personal attacks are specified in the rules. On an ad-hoc basis sometimes we whack the worst, most blatant trolling stuff but it might be nice to formalize that in some fashion. + +> When I think of minimum standard, I have a very low bar in mind. If r/asksocialscience has a hurdle, this is a speedbump. Generally on topic, non-troll, more than unsupported generic "I hate this source/author/topic" or "no shit sherlock" responses. + +I know this sub is primarily focused on fundamentals and typically conservative, but there are some big bulls out there. + +Can someone explain to me how $NVDA is not overvalued out the ass as every article I read see screams to buy $NVDA as it is a discount right now. + +&#x200B; + +|Company|Market Cap|TTM Rev $M|Pretax Income $M|PE Ratio| +|:-|:-|:-|:-|:-| +|Facebook|599.317B|117,929|47,284|15.99| +|Nvidia|625.691B|24,274|8,546|77.42| +|AMD|153.786B|16,434|3,669|49.89| + +When I look at these companies, I do not understand how Nvidia could be priced where it is now. The two big areas of growth people seem to have for Nvidia is the self driving space and the metaverse. Self driving is years away from being viable and there are many players. Isn't metaverse the exact thing that has demolished $FB's market cap? How can you be bullish on one and bearish on the other for the exact same thing? + +Earnings are next week and everything seems to scream this is going under. At the same time I am remembering that markets can remain irrational for longer than I can remain solvent. + +I'm interested in hearing why this stock demands such a premium. +**Level 1. I’m not stressed out about debt:** People who no longer have to worry about their credit card debt or student loans. + + +**Level 2. I don’t care what stuff costs in restaurants:** How much you spend on a particular meal isn’t impacted by your finances. + + +**Level 3. I don’t care what a vacation costs:** People who don’t care how expensive the hotel is or which flight they go on. + +&#x200B; + +\--- + +I read this in an article by the Slack CEO - IMO quite a nice way to look at this, as he doesn't mention about stock portfolios, flashy cars or multiple houses. It's quite a humbling way to look at things. + +What are peoples thoughts? I know he doesn't mention anything about savings, but it's still a nicer way to look at things I think. + [https://www.cnbc.com/2020/07/16/netflix-nflx-q2-2020-earnings.html](https://www.cnbc.com/2020/07/16/netflix-nflx-q2-2020-earnings.html) + +&#x200B; + +As the leader of the "safe stay at home stocks", Netflix earnings barely budged 1Q, and significantly missed expectations. I guess this whole hyping of "stay at home" stocks was a bit overdone. Netflix shares down about 11% right now. Does this signal a shift though in the market though? That's a massive drop for a stock people have been hyping for months. +For 5 hours, Cameron Ferguson streamed while playing his guitar in front of **0** viewers..... he had no idea it would be one of the most successful nights anyone has ever had on Twitch. + +Meanwhile.. **CryptoCobain** and **ledgerstatus** were streaming **Up Only,** a show about CryptoCurrency. At the end of the show CryptoCobain was searching for a small streamer to raid and stumbled across Cameron Ferguson playing music for 0 people, amazed by his talent decided to raid him and furthermore he instructed the streamer to create a Twitter account, get on the cryptocurrency app Blockfolio and put his address in his bio so others could donate to him. + +&#x200B; + +https://preview.redd.it/60tukay5f6v61.png?width=330&format=png&auto=webp&s=a791387b312eca27fcfb18807f07616750d5166e + + After just under two hours Ferguson called his wife and asked + +*'Honey guess how much money we have?'* + +*'Two Thousand?'* + +Ferguson shows the phone. + + *'This isn’t real!'* + +&#x200B; + +[from cameron\_ferguson\_music](https://reddit.com/link/mxrqje/video/y4lzoxhib6v61/player) + +&#x200B; + +[posted by cryptocobain on twitter ](https://preview.redd.it/krt20vmld6v61.jpg?width=300&format=pjpg&auto=webp&s=abaf72922be3eaed3b13be0efd26a0caecc0b52e) + +Understandable she cant believe it, Ferguson just created his twitch account few days ago and had 7 followers and now he owns $85,000. + +&#x200B; + +https://preview.redd.it/m23tu5bue6v61.png?width=330&format=png&auto=webp&s=a43b4755a692e44992a2819ce83e37c28f8f3728 + + It just goes to show that one stream on Twitch can completely change your life and that’s exactly what happened here with one of the craziest streamer stories of all time and we are part of it. +Guten Morgen to this global band of Apes! 👋🦍 + +We have begun another Summer, and I smell MOASS in the air. +It has been *far* too long since the wild price action, but for some reason it feels like the next is just around the corner. +With the imminent launch of the NFT marketplace, the continued high borrow rates, nearing 100 days at 100% utilization, and RC tweeting several times a day... this feels like the time. +Of course, I tend to maintain an optimistic outlook. Call me inspired by my love for HODLing GME. + +Despite incredibly bearish sentiment about the world economy, the markets were generally up yesterday. +Something makes me suspicious that we're likely to see another series of down days and up days. +Whatever the market action, DRSing shares continues to be the key action that Apes can take to ratchet up the pressure on the SHFs. +They cannot withstand the power of our Diamantenhände. + +Today is Wednesday, June 22nd, 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: **$137.86 / 130,68 €** *(volume: 1635)* +- 🟩 115 minutes in: $137.60 / 130,43 € *(volume: 1633)* +- 🟩 110 minutes in: $137.55 / 130,38 € *(volume: 1632)* +- 🟥 105 minutes in: $136.89 / 129,75 € *(volume: 1589)* +- 🟩 100 minutes in: $137.42 / 130,25 € *(volume: 1467)* +- 🟩 95 minutes in: $137.41 / 130,25 € *(volume: 1467)* +- 🟩 90 minutes in: $136.96 / 129,82 € *(volume: 1464)* +- 🟥 85 minutes in: $136.89 / 129,75 € *(volume: 1434)* +- 🟥 80 minutes in: $138.02 / 130,82 € *(volume: 1434)* +- 🟩 75 minutes in: $138.09 / 130,89 € *(volume: 1434)* +- 🟩 70 minutes in: $137.36 / 130,19 € *(volume: 816)* +- 🟥 65 minutes in: $137.22 / 130,07 € *(volume: 806)* +- 🟥 60 minutes in: $137.32 / 130,16 € *(volume: 798)* +- 🟥 55 minutes in: $137.44 / 130,27 € *(volume: 798)* +- 🟩 50 minutes in: $137.46 / 130,30 € *(volume: 676)* +- 🟩 45 minutes in: $137.27 / 130,12 € *(volume: 667)* +- 🟩 40 minutes in: $137.18 / 130,03 € *(volume: 667)* +- 🟩 35 minutes in: $137.08 / 129,93 € *(volume: 666)* +- 🟥 30 minutes in: $137.05 / 129,91 € *(volume: 656)* +- 🟥 25 minutes in: $137.78 / 130,60 € *(volume: 633)* +- 🟥 20 minutes in: $137.80 / 130,62 € *(volume: 633)* +- 🟥 15 minutes in: $137.89 / 130,71 € *(volume: 633)* +- 🟥 10 minutes in: $137.94 / 130,75 € *(volume: 633)* +- 🟥 5 minutes in: $138.07 / 130,87 € *(volume: 604)* +- 🟥 0 minutes in: $139.50 / 132,23 € *(volume: 323)* +- 🟩 US close price: $140.28 / 132,97 € *($139.50 / 132,23 € 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 1.055. 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! +Here is the situation, for a person I know but lets call them Jane Doe. + +Some poor decisions were made in the last 5-10 years and Jane invested $170,000 in her RRSP/TFSA. 90% of this was invested in Air Canada (50%), weed stock (25%) and crypto stock (25%). The value of her investments now is down to $100,000. + +Jane is 57 years old and is looking to retire sometime around 62 years old. She does have some other assets for retirement but the RRSP/TFSA is also a very good chunk of her savings. Looking to get recommendations to best tackle this situation. + +Leave the investments as they are and hope for some sort of rebound to recoup losses? + +Sell everything and purchase stable ETFs? + +Any other wise solution? + +Thanks +I know crypto can be a bit of a taboo subject on this sub but I'm hoping to get a productive dialog going here. I'm heavily invested in CAD banks but a part of me worries about what would happen if Crypto actually becomes more mainstream. I feel like that could negatively impact banks. + +What are your guys' opinions on this? + +(Repost for clarity/typos) +Agent Fox Mulder is laying in cover, on a small hill, in the tall grass. + +He can’t make sense of that green light, pulsing, and calling to him. Scully has run, she had seen it too. “It’s too big Mulder, it’s too big for us. We’re not ready!” + +Mulder, for the first time since the abduction of his sister, felt genuine terror. The green pulsating light kept calling to him but he could quite make out clear words of it. Bi……..s….. Bi...g…..s, he thought he heard. It reminded him of that twitter post he had seen a couple of days prior, which subsequently lead him to find out about donations made to animal shelters. + +Grabbing his gun, he finally gathered enough courage to get closer. Slowly he crawled down the hill he was laying on. The green light was so strong, he couldn’t see what its source was, but kept going, slowly realising that he was alone with whatever was there. + +The closer he got, the clearer it is. It is growing. It is growing fast. + +Squinting his eyes, he finally sees it. + +***Bingus.*** + +He had spent years researching the existence of this mythical, evasive entity. He had seen everything, from werewolves to vampires to shapeshifters. Even aliens weren’t a mystery to him anymore. But he wasn’t ready for this. + +Suddenly, he felt his mind collapsing, taken over by an overwhelming amalgam of images, which gradually melted into his memories. **Bigger and bigger donations. New website. Over a 1000 holders. Over a 1000 members on the telegram chat. TikTok videos.** weirdly he felt an absence of whales. And the green light, now a well defined, **ever climbing chart line.** + +Finally, he understood. **Bingus** was the way. He felt himself ascending to a different plane of existence, where **Bingus** would look over all his **Bingus** Dinguses, taking care of them, forever, while simultaneously doing everything in his power to help out any other lifeform too. + +And to this day, if you pay close attention, you’ll hear Mulder, peacefully repeating his newly acquired mantra: **Join Bingus or be a Dingus**. + + +**Agent Fox Mulder’s FINAL REPORT:** +============================== + +Day 9 of the appearance of Bingus, I followed up on a [tip](https://imgur.com/gallery/8AFqTrn) that was sent to me anonymously. I write this report to the best of my knowledge and as accurate as possible. + +**The third shelter donation has been made!** + +**An audit is scheduled and will be released soon!** + +**Holders:** 1800 + +**Market Cap:** $5M + +** **New Donation** ** - Donation Receipt 3 ($3000): [https://twitter.com/bingustoken/status/1381103970383491072?s=28](https://twitter.com/bingustoken/status/1381103970383491072?s=28) + +**Donation Receipt 1 ($350):** Wright-Way Rescue [https://imgur.com/GjMOBt5](https://imgur.com/GjMOBt5) + +**Donation Receipt 2 ($1000):** Forgotten Animals [https://imgur.com/a/Evvmvah](https://imgur.com/a/Evvmvah) + +**Website:** [https://bingus.finance/](https://bingus.finance/) + +**PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Credit to @DannyBingusDingus on our Telegram for coming up with today’s lore. He’s part of the core team and super creative! +And credit to Kiddi Kingus from out Telegram for making the X Files meme. + +Stay tuned for more story times coming from Bingus! If you have any memes, art, or pictures of your cats then upload them to r/abingus and you might see them in a future post! Please mention original artists of it’s not yours so we know who to credit. + +Posting of your cats in the Telegram is highly encouraged, expect to see other holders replying with pictures of their own cats! + +**Social Media Links** +================== + +**Telegram:** [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +**Twitter:** [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +**A Twitter Post Showing the Power of Bingus in Action:** [Forgotten Animals’ tweet](https://twitter.com/forgottenanimal/status/1380265449049485322?s=28) + +**Discord:** [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +**Chart:** [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**BSC Scan:** [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**AMA featuring the devs BINGUS and MJ:** [https://streamable.com/kk8755](https://streamable.com/kk8755) + +**Locked liquidity (RUGPROOF):** [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;amp;amp;amp;amp;amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;amp;amp;amp;amp;amp;amp;type=lplock&amp;amp;amp;amp;amp;amp;amp;amp;chain=BSC) + +The roadmap is on the way as well as plenty of news to keep everyone happy. The best place to find out first it’s Telegram, make sure to read the pinned posts. + +**Also check out one of the best projects on the BSC** + +Bogged.Finance: [https://bogged.finance](https://bogged.finance/) and their Telegram: [https://t.me/bogtools](https://t.me/bogtools) +I have been writing this as a series of my own experiences , not to be construed as advice . + +Here I am going to write about thematics , or sector specific funds that have become more popular today and their distant cousins - small-case + +As with all older investors , I did put in small amounts of money in thematics . + +1. Infrastructure +2. IT +3. Pharma + +I realigned and exited all of them in 2018 once LTCG was introduced . I have three experiences from the 7/8 years I was invested in thematics + + +1. Some sectors like infrastructure are best left alone , they are subject to regulatory and political interference which makes it a bad proposition for a longer term investor. + +2. Other thematics , suffer from one major issue . Usually investors pile on to thematics half way through the up cycle and no one tells them it’s time to get out . + +3. A well run diversified equity fund is better than both as it gives you better diversification and better returns . + +On small cases , the arguments I have heard are past performance, back testing and lower cost . + +Well past performance is no guarantee of future returns + +Back testing has no correlation with future performance of a company .None + +One can’t even backtest on horse racing . If one could , there is a lot of money to be made . + +Lastly, The sad reality is costs go nowhere in the financial system + +The very same people who are up in arms against a 1.2 % expense , will gladly pay more in + +1. Demat charges and demat transaction fee +2. STT +3. Impact cost +4. Small case fees + +99 % of retail investor can’t understand or estimate impact cost . + +When you click buy on a small case it will buy stocks for you on the set frequency . It won’t stop and check if you are buying within 1 % of the VVAP + +That is something I do when I buy and sell stocks , I certainly won’t buy if I don’t get it around the days VVAP and I won’t sell either . Lower than VVAP for a buy and higher than VVAP for sell is always welcome +There probably isn’t a perfect answer here but I’m curious to read where the discussion goes. + +I own 5 duplexes. I outright own 2, have about 50% equity in the 3rd, and I just bought the last 2 with 25% down. Overall, added up, I estimate I have about 65% equity in the portfolio. + +I understand the benefits of leverage. What I’m not sure on is when to stop leveraging and just work on owning these and being happy. + +I’m in my mid 40s so, hopefully, still have some time to keep building the portfolio. + +Again, I know there is no perfect answer here. Hopefully this sparks an interesting convo. + +I’m heading into work for the day so if this gets any replies I’ll be back tonight. TIA. +Meridian Network has released the beta of PreSaga, its new automated market maker (AMM)-based prediction market dApp, with a simple Yes/No button on *any* question. + +Check the preview here: [https://streamable.com/7sab33](https://streamable.com/7sab33) +Beta link: [https://presagabeta.meridian-network.co/](https://presagabeta.meridian-network.co/) + +# Quick facts + +* Trade Yes/No shares and **make profit in LOCK**, providing liquidity gets one eligibility to **claim trade fees**. +* PreSaga beta is now live on the **Rinkeby testnet**. +* **SUPER low-mcap token**: With marketing efforts for PreSaga kicking off soon, Meridian Network’s LOCK token has a mcap of **$1.3M**. +* **Comparable prediction market platforms**: - (None of which have PreSaga’s ease of use.) + * Augur: $208m + * Gnosis: $166m + * Prosper: $117m (recently launched on BSC) + +* PreSaga’s smart contract code has been thoroughly **audited by Hacken**, and now Meridian Network is seeking user feedback from testers to ensure that PreSaga is as user-friendly and functional as possible before mainnet release. +* Meridian is preparing to launch their test token faucet (LOCKr), which will facilitate easy testing. For now, testers must request LOCKr from an admin within Meridian’s official Telegram chat: https://t.me/meridiannetwork + +&#x200B; + +# PreSaga + +Analysts have placed their bets on **prediction markets** being among the breakout crypto applications of 2021-2022. Interest in this category of dApps has been ramping up, with Vitalik Buterin calling prediction markets **“one of the most underrated categories of Ethereum dApps right now.”** + +Responding to the market, Meridian’s community voted to create its own solution. In a key difference from competing projects, PreSaga was developed with **simplicity**, **ease-of-use**, and a best-in-class **user experience** in mind. By leveraging AMM (logarithmic market scoring rule) tech, Meridian has developed the **Uniswap of prediction markets**—something that anyone can use, crypto-savvy or not. + +PreSaga is **powered exclusively by Meridian’s LOCK token,** which can be purchased here [https://app.uniswap.org/#/swap?outputCurrency=0x95172ccBe8344fecD73D0a30F54123652981BD6F](https://app.uniswap.org/#/swap?outputCurrency=0x95172ccBe8344fecD73D0a30F54123652981BD6F). + +LOCK will also power all of **Meridian’s upcoming dApps** as more are developed within the Meridian ecosystem. This means that, in addition to earning LOCK via predictions and providing liquidity, the value of the token can be continually driven up by usage of both PreSaga and Meridian’s other applications. + +&#x200B; + +# How it Works + +The price of a share in a given market is determined by the Automated Market Maker (AMM) that facilitates the trades. An Automated Market Maker is a contract on the blockchain that uses a mathematical model to adjust the prices according to supply and demand. This is what drives the price up and down: the more people buy an outcome in a market, the more its price will rise. Selling will make the price drop. Furthermore, the less liquidity there is, the more the price responds to buy/sell operations. This is undesirable because it results in bigger slippage and poorer user experience. + +You can trade shares back at a better price and make a profit, or you can redeem winning shares for 1 LOCK each. After a market closes, an outcome will be assigned as the winner. If you have shares of the winning outcome, these can be redeemed for exactly 1 LOCK each. This is how you profit from accurate predictions. + +Share price is set between 0 LOCK and 1 LOCK. You redeem at 1 LOCK per share. For example, if you buy 100 shares at an average of 0.63 LOCK each and you win, you will redeem these 100 shares for 100 LOCK in total, scoring a revenue of 0.37 LOCK per share. Easy! + +Liquidity is yet another way you can profit with PreSaga, but it is recommended that you explore trading first and then begin experimenting with liquidity. This is an advanced feature. Because there is the risk of losing tokens when providing liquidity, users who provide liquidity to a market maker are entitled to a fee every subsequent buy/sell transaction in that market. You can lose tokens when the price starts to skew too much to one side so it is very important that you remove liquidity if a prediction market becomes one-sided. You will learn more about liquidity as you use PreSaga. + +Now that you know a little more about the dApp, let’s explore how you can test it out, yourself. + +&#x200B; + +# How You Can Test PreSaga + +Once Meridian onlines their LOCKr (test token) faucet, you’ll be able to head directly to[ Meridian Network’s website](https://meridian-network.co/), select PreSaga from the main menu, and begin testing. But until then, you can follow these steps to get started from your desktop or laptop, (mobile is still in development). + +1. Head on over to Meridian’s official Telegram channel at[ https://t.me/meridiannetwork](https://t.me/meridiannetwork). +2. Ask for an admin to send you test LOCKr and ETH for PreSaga testing. Official admins are: u/SandyBees, u/notmuchwbu and u/Drjtotherescue. +3. Within Metamask (or similar application), select the RINKEBY TEST NETWORK. +4. Head over to Meridian’s[ PreSaga website](https://presagabeta.meridian-network.co/) and select “Connect” in the upper right to connect your wallet to PreSaga on the Rinkeby testnet. If you attempt to connect to PreSaga beta while on the mainnet, you will receive a warning pop-up. +5. Get testing on any of the four currently-open test markets, or try adding liquidity. If you require assistance, a moderator in Meridian’s Telegram group will be happy to assist you. Have fun! + +&#x200B; + +# Project background + +Meridian Network is a budding ecosystem of DApps. In addition to PreSaga, you’ll soon be able to choose from multiple cryptocurrency finance options from Meridian, all in one place. + +As a community-governed project, all development is voted on by the community through a DAO (Decentralized Autonomous Organization). Rather than focusing on a single DApp, Meridian is able to adapt to the market through the initiatives of its active user base. Every new DApp that is developed adds to the value of Meridian’s LOCK token, giving investors impetus to not only vote, but to inform themselves on market trends before they do so. + +Meridian Network is still early in development. Current market cap, as of today, is **$1.3M**. Circulating supply of the LOCK token is **10,947,704**. + +You can **buy LOCK** via **Uniswap** and on the upcoming exchange, [**Bartertrade**](https://bartertrade.io/). + +**Links and essential info:** + +Website:[ https://meridian-network.co/](https://meridian-network.co/) + +Telegram:[ https://t.me/meridiannetwork](https://t.me/meridiannetwork) + +Twitter:[ https://twitter.com/networkmeridian](https://twitter.com/networkmeridian) + +Etherscan:[ https://etherscan.io/token/0x95172ccBe8344fecD73D0a30F54123652981BD6F](https://etherscan.io/token/0x95172ccBe8344fecD73D0a30F54123652981BD6F) +For context, I’m trading exclusively on technical analysis, purposely not using news or any other information. + +High reward-risk ratio trades are what drew me to trading and they tend to work out okay in theory, but I’ve +not found it profitable in practice. For example, the tighter I put my stop, the higher the likelihood of getting stopped out. In turn, frequency of getting stopped out offsets the reward-risk ratio by increasing the number of losses. For example, for 2-1 plays, I would get stopped out roughly twice for every one play that doesn’t hit my stop. It’s not quite as bad as this, but factoring in how often plays never hit my target, it’s close to a wash. + +Increasing the ratio increases the number of resistance levels between the fill price and the profit target, or conversely decreases the amount the price is allowed to fluctuate before getting stopped out. I’ve tried to increase trade frequency to allow for better convergence towards expected profits but price often doesn’t move enough to cover the fees on scalps, and there is much more noise on the lower timeframes. + +TA appears to have a lot of nuances, and I’ve tried a few ways of trading, and had difficulties with each. + +For example, different timeframes give different EMA lines, and the same goes for EMA periods. If you vary the two parameters, you can sweep all possible price points. This makes determining which EMA to use for support and resistance quite difficult. + +Fibonacci levels tends to work in hindsight some of the time, but there’s a very high error bound. On lower time frames you can often see the candle wick extending almost halfway to the next level, which makes setting proper stops almost impossible. + +Lastly for charting, I find for some pattern X, it can turn into part of pattern Y if you just wait a little longer, by which time you will have found yourself on the wrong side of the trade. + +Anyhow, I’m sure most of this sounds very beginner and it’s likely that I just haven’t developed the pattern recognition facilities, but would love to hear if others have experienced the same issues. +The car is dead. We got the title to it about a month ago. + +Husband was driving on the free way, car lost power and started emitting blue smoke, he got it home though. It’s a 2009 Mini Cooper S with 82k miles on it. We did maintenance on it, oil changes, etc. it could be the pistons or a head gasket. Of course it’s something that will end up costing us more than the car is worth. + +Why is life like this? We were so excited to be done with that horrible loan and to pocket the money or use to pay other debt quicker. Now the car is sitting in the drive way. We have my car that I locked in low payments and interest on before Covid hit and my credit went to shit when I lost my job which is saving us but now I’m without a car and I’m looking for work. Makes it way more difficult. + +This is why we can never get ahead. I’m so sick of this happening. Every time we celebrate a small win we are hit with something like this. + +Edit: since some people are missing the point of this Vent post, let me clarify. It doesn’t matter what kind of car it is. He got the car he wanted. The car ran great until it died. It’s the fact that we just paid it off, thought we got ahead in life. Got rid of a high interest debt! We were happy and then Bam, just like that another expense hits us. We are still recovering from paying it and don’t even have enough saved, yet. + +I was venting my frustration out that it died when it did. + +However, thanks for all the kind words and advice. Life sucks, I get it. I was just venting. +My dad passed away late last year. In January my mom discovered an old life insurance policy of his that had accrued a large sum of money. She recently deposited the amount in her savings account and made me a joint owner. + +If I withdraw any of this money, is it considered a "gift," therefore subject to those declarations and penalties? If it is "gift" money, how can we remedy that, if at all? + +(This is not relevant to last year's filings, btw, just preparing for next year and trying to avoid any declarations or penalties for anyone involved. Thanks in advance.) + +EDIT: Yes my mother explicitly stated that she wanted me to have the entire amount (as dad has her covered with other financials elsewhere). Mom was named as the beneficiary on this particular policy. Also interesting that I am assumed to be a guy ;) + +EDIT AGAIN: FYI I am 31yo - obviously no longer a dependent minor. +Only minimal editing has been done on this, cut the guy some slack on word selection, spelling, and grammar his last edit was when he was 82. + +--- + +* Remember you are the product of all the decisions you make over the years. + +* Choose wisely and you will create heaven on earth, for you and your family. Choose poorly and you will create hell on earth, for you and your family. + +* Plan ahead! This is a proven strategy that has a huge payoff for many areas of your life including money. + +* Never spend 100% of your income / paycheck. Always put aside (save) something. This is the absolute rule of financial success. If you follow this rule and invest your financial future is assured. + +* Never carry a balance on a credit card account. The balance is your road to financial perdition. + +* Try to never do business with any operation that has service in it’s name or stated purpose. It will cost you a significant amount. These are high risk operations and there goal is to extract as much money as possible without being arrested. In general these are dishonest people and operations. I cannot think of one major financial institution that has not paid absolutely huge fines to the SEC, on the order of hundreds of millions of dollars, without admitting guilt, what a joke. These fines are not limited to financial services companies and appears to be epidemic with all businesses that in any way deal in money. Your local bank, insurance companies, real estate, investment advisor are just a few examples. + +* Never go to any operation that charges you to wait in line. Disney is a prime example. + +* Banks, in general, are dangerous for your wealth. They almost always charge more for a service than you can get from another source. T-bills, mortgage loans, savings are just some of the things that leap to mind. + +* Don’t do business with disturbed people or organizations. Run don’t walk away from these situations. Confusion, misinformation, bait-and-switch, deliberate misrepresentation are common signals. + +* Cash is king. There are many transactions that are cheaper when cash is exchanged. Some examples are, auto gas, retail transactions where cash discounts are available from many retailer’s. Buyer beware at swap meet, garage sales and similar cash arenas. Be careful how you display cash as there are risks in the cash arenas. Many of the people are the baby boomer drop outs from the 60’s with the morals of a potato. + +* Credit cards are a marvelous vehicle when used for your advantage. Never for borrowing. + +* Always pay off your credit card balance 100% every month. Avoid any purchase that can’t be paid off. + +* Nothing is for free! All free offers disguise what you must pay for the product be it in your time or other effort that is the hook in the equation. When anyone says or prints a free offer, throw it away it is bound to cost you. Rebates are often dishonest. + +* Try to purchase your car for cash. It’s the first car that’s the hardest and all subsequent purchases are relatively simple especially if you put aside a small sum every month. If you must borrow money for a car then one strategy is to use money from home equity. The goal here is to minimize loan costs and maximize tax deductibility. Auto loans are expensive compared to home loans and analysis is a must. Almost all vehicles cost at least $0.50/mile to operate so think about it when you are just driving around since a 20 mile trip costs $10.00. + +* Don’t give away your money! There are armies of people and organizations that have there hands out and a long story about how they can spend your money much better than you can. I have found that if you can’t find a good investment then spend the excess on your family. There is only one situation where this rule may be ignored and that is when your donation is in your self interest and not to further other peoples / organizations agendas. + +{political comment removed at suggestion of mod} + +* Don’t loan money to your friends or family. If you must, then give it to them. There’s no faster way to loose friends than to lend them money. If you lend them money and they can’t pay it back on time they will avoid you like the plague. Never a borrower nor a lender be... grandma and Shakespeare were right. + +* Real Estate has proven to be my best investment by far with the appreciation in value being the major driver. Don’t buy a house that has anything odd about it. Buy a house that is just like all the homes in that neighborhood. My current house, occupied for 10 years, was purchased for $150K and it’s estimated selling price is $500K. This $35K appreciation per year is how wealth is accumulated. + +* Remember there is more crime per capita in financial institutions than there is in the general populace, by a very large margin. Current problems '08/'09 demonstrate this on a massive scale. Risk taking by most large financial institutions will cost the tax payer at least 2.5 trillion dollars and probably much more. The government continues to bail them out. These are the people who produce nothing and gamble, it appears, with your tax dollars. + +* Anything that is advertised nationally is overpriced. + +* Vacations – These are places where you pay to wait in line with a large crowd of sweaty people with small children who are not pleased to be there. My favorite is to stay at home where all your interests, books, hobbies and music are right at your fingertips. Most vacation spots are designed to separate you from as much money as you will tolerate in crowded conditions that you wouldn’t dream of accepting under any other circumstances. High priced poor quality food is usually part of this package. Think of an airport. + +* Entertainment is designed for 13 year olds. Thirteen is an age where children are not very sophisticated. Let me make it clear, they are truly ignorant about what is going on. You can’t convince them that the junk that comes out of the entertainment establishment that is cool, hip in almost all cases it impairs their future performance with the really important decisions. Poor performance in life is directly traceable to the emphasis on what you feel rather than analysis and what you know or can deduce. Truth is not a choice it just is. + +* Remember the six P’s: Piss poor performance is based on piss poor planning. This seems to be obvious however experience has shown that planning is not a strong point in our educational establishment. Planning appears as a mainstay of business rather than in personal life. Think about what you want to do and put it in writing. I can’t stress how important this is. The act of writing tends to clarify your thoughts and make you think about a subject and define the what ,when where and why. A cost / benefit analysis will always pay off. Planning is a good thing. + +* Insurance: Every major insurer has been indicted and paid huge fines . This is something you need, however, think long and hard about what you are trying to insure against. What risks do you need to protect yourself from. This is the most overpriced product on the market. Shop hard. Never use insurance as a savings plan. + + * Auto: Required in most states. Evaluate how much risk you can accept , ie how low your premium can be. Smaller risk by the insurance company equates to lower premiums for the customer. All insurers would prefer no risk on any policy and their actuaries try to arrange this. Remember this is a huge commission business where most of your premium is not paid out for risks taken. + + * House: Homeowners Insurance. Fire and liability. I only carry fire insurance. Often required by your mortgage company if you have less than 20% down and is almost always overpriced, a form of theft leaps to mind. + + * Recent rate increases and limitations on coverage, ie will not cover specific areas of the country for specific kinds of damage, indicate to me that these companies assume no risk and that the full burden of both liability and commissions is paid for by the customer. One wonders if self insurance should be an option similar to many large businesses. + + * Life: If you are married with small children then term insurance seems appropriate and all other varieties are a waste of money. + +* Do not co-sign on a loan for anyone. This is one of the stupidest things you can do in the financial arena. Lending institutions use this technique to try to fob off the risks of lending money. The lender has already evaluated the lendee as a loser and wants someone to accept responsibility for the losers loan. + +{political comment removed at suggestion of mod} + +* Auto – Do not lend your auto to anyone. Liability! +The down side is massive liability risk. There is no upside except being a good guy. This is not a good cost / benefit situation where the costs could be huge and there is no tangible benefit. Family members may be an exception. + +Edits: removed political comments at suggestion of mod. + +---- + +Edit2: Thanks to all for the Reddit love, insightful comments, and (bless you anonymous donor) gold. + +I appreciation, I am including bonus advice I have received verbally over the years: + +* Son, never, not even in jest, suggest that you put the crying child in the garage overnight. +* Leave the drunk driving to the pros. +* In an exit interview, always insist that the HR person puts this note in your record: "I can say I have never worked with a finer group of people in my entire professional career". +That's it! We will get an 8k filling that will state marketplace goes live and it will be after hours. We will watch as these fucking shfs rush for the same door. It's going to be epic, and we will all laugh our asses off as it continues into the next day. 6 days to cover will be hilarious to watch Fr Fr! Soon my ape friends we will see Uranus! We are moments away! 🚀🚀🚀🚀🚀🚀😘😘🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀😎😎😎😎😎😎🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️ +There was a guy on here yesterday who had a theory that the banks would show weakness today and crash the market, the retards here convinced him he was wrong and he removed his positions. + +You retards are so powerful this guy had it literally all figured out and you guys bullied him into making a dumb decision. The dude had puts on all the banks and what a dumbass for telling you guys his genius idea because he edited to say you guys are right, im a dumbass. Well youre a dumbass for listening to wsb! If someone finds it, please link it. +Call all your credit card companies and ask to have your payments waived temporarily. I have called all my credit card companies (6+) and all of them are offering to have your monthly payment/due date waived for at least one month, possibly longer depending on how the current situation evolves, but they said to just call back every month as long as needed. I even got Wells Fargo to waive/refund last month's interest charge and an overdraft protection fee on my Propel credit card. + +Obviously, you don't want to be carrying balances but of course many do and especially now even those who pay off every month MAY have to temporarily carry a balance. +Good day, fellow retards. We are entering a new stage of the short squeeze. It’s apparent by now that it’s not playing out like the VW short squeeze because the setup was so long and out in the open. Hedge funds had time to collude and plan how they’re going to deal with the fallout. As we saw last week, they came up with some clever fuckery. + +&#x200B; + +For a recap, here are some tactics we saw from them: + +\- Short attacks driving the price down, triggering stop loss sells and trading halts. + +\- Spreading the word through the media that they had already closed their short positions + +\- Putting pressure on brokers to limit buying of GME and killing the buy side of the trade, making it easier to drive the price down. + +\- Low volume ladder attacks to drive the price down and forcing out paper hands. + +&#x200B; + +We held strong, guys and gals. We closed Friday just a few dollars shy of the highest closing price on Wednesday. But now the real trench warfare begins. + +Melvin told CNBC that they closed out their short positions. I have a theory that this may not be technically false, with a caveat. I think it’s very possible that Hedgies have closed out their ORIGINAL short positions, but they’ve been replaced with new short positions. These guys are not going to lose billions of dollars lying down, so they must have their own end game for how to get out of the trade alive, and perhaps even make a profit. + +If GME was a tasty short target at $15, imagine how irresistible it is at $320. These fuckers lost their shirts on the original trade, but they see an opportunity to make it back on this new trade by repositioning their old shorts from the $15 to new shorts in the $200-300s. + +&#x200B; + +How can we know this is likely true?: + +\- The short interest has fluctuated, so we know there has been some covering + +\- The short interest has remained high, somewhere around 100% or above + +\- There have been short attacks in $100s, $200s, and $300s, so we know there are new short positions at those levels. + +\- Hedge funds are cocky assholes and they’ll do anything to turn a losing trade into a winning one, and if it fucks over the little guy to scare them back to submission, all the better. + +&#x200B; + +So basically, nothing has changed. This is still a short squeeze play, just with much higher stakes. We have the advantage however, because it doesn’t cost us anything to hold onto our shares, whereas it’s costing Hedgies billions of dollars to hold out. We will know we are winning next week if we continue to see more de-grossing in the broader market. If we can hold out, we can take this to the next leg up, ACT III, and eventually the end game. + +TLDR: 💎 🙌 🚀🚀🚀🚀 + +&#x200B; + +Edit: + +Positions: I own Shares + +Disclaimer: I am not a professional. This is not a recommendation. +Just like the title says, it would be very helpful to us apes who are constantly checking, this would also keep people from spamming the announcement. Maybe put in a brief summary of the announcement or something idk. + +This is all I have to say, now I just have to fill up the word count. I love the stonk, I love the company, I love this sub. You apes are great and I love seeing all you have to say and appreciate you putting up with me lol. + +Idk when the word count is, but I'll put in a but more just to be safe. Everyone have a happy weekend and my fellow American apes everyone have a happy Independence Day! Here's to more sideways trading on Tuesday! +There are enough lay offs going around major tech companies to make head turns. Although most sound like its just 5-20% of the company, I am wondering if there could be any aftershock effects. + +Meanwhile the market has recovered quite some bit since its early fall lows. I am wondering if the market has priced this in already or I should consider the possibility that it will come down again with the employment news ? +Should I pay off my car loan or keep my emergency savings? + +I have $17k left on my car loan - monthly payment is $750 and interest rate is 3.9%. + +I have $36K in emergency funds, which is about 5-6 months in savings. + +My total monthly expenses are about $6K (including mortgage, utilities, car, personal expenses, etc) and my gross income is $156K but I am picking up extra shifts amounting to an extra $800ish a month. + +I’ve been making extra payments the past few months ($500-$2k) but am debating paying it off in full from the 36k in savings, but am hesitant to do so because I don’t see the car loan as an “emergency.” I’m just sick of having the loan looming over my head. + +Should I just be patient and make extra payments each month or should I pay it off? +We've all heard of the Debt Snowball and the Debt Avalanche. + +With Debt Snowball, you pay the smallest balance first and snowball the payments once that is paid off. + +With Debt Avalanche, you pay the highest interest first and then build the avalanche once you pay off each debt. + +There are also other methods of paying off debt that are a little more unique. For more detail, feel free to visit [Debt Snowball or Debt Avalanche](http://realmoneyrobert.com/debt-snowball-or-debt-avalanche/) + +What is everyone's preferred method of paying off debt? +I've been in cryptos for a long time. I've always subscribed to the theory that crypto is the way of the future, but I never claimed to know which one or ones would be winners. I only made short term bets. All I really knew about ethereum was there were these contract things and you could make services that ran off ether like an engine. That's all I really cared to know when there are hundreds of other cryptos to be researching into as well. Then I started using crypto kitties and working directly with the contract and seeing exactly how it all works. I know you all have known this for a long time, but Holy shit the possibilities that I now understand ethereum is capable of. I now have a hard time paying any attention to a crypto that claims to be a "store of value". Service is where it's at and ethereum is going to be at or near the top of the service based crypto future. I am officially on this wagon. +Friend of mine owns her home outright and I got some money for a deposit (100k) She is interested in splitting costs so she has an investment property but says she isn’t looking to make money off it by renting to avoid capital gains. + +Looking to buy something from $700k-1.1K + +What everyone’s thoughts? We have discussed getting lawyers involved to write stuff up. She has enough money that she could just buy it outright we even discussed me paying her back with interest. Just looking for help and advice. Much easier to pay off $500 than a mil… +[https://edition.cnn.com/2019/06/11/investing/elon-musk-tesla-annual-meeting/index.html](https://edition.cnn.com/2019/06/11/investing/elon-musk-tesla-annual-meeting/index.html) + +&#x200B; + +>Tesla hosted its annual shareholder meeting Tuesday. A lot — a whole lot — happened since the last time CEO Elon Musk faced stockholders in this formal setting a year ago. +> +> +> +>There's been a months-long battle between Musk and the Securities and Exchange Commission, shareholder lawsuits over his allegedly false claim that he had the money to take Tesla private, and a revolving door of executive shakeups. And that's just the boardroom drama. +> +>But Musk made it clear that he didn't want to rehash the past: "I don't think it's worth going over those things," he told the audience. +> +>Instead, he painted a promising outlook of Tesla's future, telling the room that Tesla's Model 3 sedan is selling faster than Tesla can build them. He said that self-driving capabilities are just a year away. Musk also hyped the new vehicle models that are in Tesla's pipeline, including the Model Y, a lower-cost SUV, as well as a semi truck and a pickup. +I'm a British citizen and I look at the US market with envy. You have all the best tech, you have beastly companies worth hundreds of billions to trillions of dollars, you have a super strong currency dating back decades. You are always innovating and creating the next generation of companies and you even have 2 private space companies... On top of that you have so much land and resources and a very powerful military capable of defending all that you have. + +Why would I put my money anywhere else except for the US? Even Warren Buffet says never bet against America and he is right, not because he is an American but because of what America is... A nation of innovation and work ethic. + +Sure in the very short term the USD might retrace a bit or the S&P might underperform but in the long run the US always wins and it seems it always will. The US is already the market leader in future technologies like AI, Space, Robotics, Bioengineering etc. So why do you bother investing in any other country besides the market leader? +Check the counter Bitcoin argument.....Saylor just countered Elon in the most polite, structured and logical way possible + +https://youtu.be/TeVvtSCfcQ4 + + +Key take away - Bitcoin is an exponentially energy efficient super secured network that will decentralize the financial future of tomorrow.... + +Super bullish ...and this dip is just an opportunity you should not ignore if you believe like gold fiat is the next asset to be replaced by the new era of economic independence + + +P.S. Elon tweeted back to the video by Saylor stating 'Saylor Moon'.....What a troll who is losing respect every second of the day + +EDIT: Not sure why getting downvoted by DOGE lovers....but can't stop posting facts +Awhile ago I saved 3k but lost it all to personal issues I've overcome. Now I have 5k in my savings account and I'm so happy, I've never had that much money saved before, I plan to keep saving until I have enough for a house deposit someday. + +If the market never comes down I'll just get an apartment and live simply, as I do now. +May be a dumb question as I'm very new to a lot of this stuff, but lately I have been concerned about the thought of buying my first home. Do you guys think the 15-20% minimum deposit will be the norm for the next year or 2 or is it really just due to the uncertainty at the minute and should slowly start to come back to "normal"? I've been saving pretty much flat out for the last 2.5 years hoping I'd have enough for a good deposit and a nest egg to fall back on so seeing this happen has been really disheartening. + +For reference I'm 25yo, salary is 25k with ~£27k in savings. Even worse is I've not long spent £12k on a car and I'm starting to wonder if I may end up regretting that decision further on if I end up needing that extra cash. + +Am I overthinking all of this or is this a real cause for concern? + +EDIT: Thanks everyone for all the helpful responses and advice! +I mean, we can't keep doing this right? At some point something has to change. Can we keep going further into debt without consequence? I guess I just don't understand how the US economy/Government works together. +High-level from the [r/stocks post](https://www.reddit.com/r/stocks/comments/soo1kn/disney_earnings_are_out_here_are_the_numbers_they/): + +**Earnings per share**: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts + +**Revenue**: $21.82 billion vs $20.91 billion expected + +**Disney+ total subscriptions**: 129.8 million vs 125.75 million expected, according to StreetAccount + +From the Yahoo! article: + +> "We’ve had a very strong start to the fiscal year, with a significant rise in earnings per share, record revenue and operating income at our domestic parks and resorts, the launch of a new franchise with Encanto, and a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added in the first quarter," said Bob Chapek, Chief Executive Officer, The Walt Disney Company. + +Link: + +https://finance.yahoo.com/news/walt-disney-company-reports-first-210500944.html + +Very positive earnings imo, great outlook. I remain long on DIS. +Having quite randomly decided to buy a lotto ticket yesterday, I woke this morning to learn I had won £150. While I, like many people, have extensive and prudent daydreams about what I'd do if I won a million or more, I hadn't considered what I'd do with a small sum like this. My heart says I should spend it all on a nice dinner with my partner, or perhaps a decent haircut and colour (which I love, but usually struggle to justify spending £100+ on). I have my emergency fund covered etc and can't really countenance the idea of doing something truly boring with it or watching it disappear into my pension pot. + +What would you do in this situation? +How does an entire market turn red? +1,000 amazing revolutionary crypto projects all taking a cold shower at the exact same time? + +.... Who & Why are you panic selling?? +I just can’t understand this snowball effect. +I have a hard time sticking to my daily profit limit and end up over trading and losing a lot of it if not all of it. The issue is that because of my lack of consistent profitability, I feel like I need to “make more today” to account for potential losses tomorrow so that I’m not red two days in a row. +http://www.bloomberg.com/news/articles/2016-03-16/-2-billion-loss-for-generators-as-a-million-u-s-roofs-get-solar + +US retail electricity market is about $388 B/year. Nationwide, the market fell 1.3%, about $5B. This article's $2B number focuses on the east cost. +That Spotify theory sure put a spoil on this excellent win for Ethereum adoption. + +KIK's announcement is the Ethereum blockchain (ETHB) being put to real use, by a company many of us have heard of - 300 million total users - looking to build on their application with a proven business model. See WeChat. + +Recent announcements of Token and Status will likely be more exciting from a technology perspective. They'll be loaded with cool features and potential. But they don't have users, and users are not always easy to acquire. Think Google+. + +Up to now, application development on the ETHB has been from the innovator's bucket of the [technology adoption curve](http://smartideastore.com/wp-content/uploads/2013/04/technology-adoption-curve-Rogers.png). Exception to this being JP Morgan's parallel private blockchain - Quorum. + +DAPPs? Innovators. EEA? Major organizations looking at ETHB's potential to create a business case and standardize. The latter is hugely promising. Repeat that, HUGELY promising - but still without release of customer affecting development which is what will be meaningful for the endgame of ETHB. To the former, well, amazing DAPPs will come along as the ecosystem develops and developers gain mastery of the potential at play. Usage of Brass Golem over the coming months will be interesting. Real value will come down to paying customers and/or user adoption of these DAPPs. + +Back to the [Technology Adoption Curve, in case you haven't clicked yet](http://smartideastore.com/wp-content/uploads/2013/04/technology-adoption-curve-Rogers.png), moving from innovators to the early adopters - both business use cases and end-user adoption of cryptos - entail bringing in a different type of customer. One with more skin in the game, is recognizable, generally more risk averse than the innovators, less tolerant to bleeding edge pain, but one that sees the potential and takes the leap. KIK is number one on that list for us. + +Without JP Morgan, we wouldn't see the level of enterprise engagement we have with EEA. KIK, though certainly no JP Morgan, gives us a use case for other businesses to reference and follow. Other early adopters will begin to follow suit. As they do, and more customer facing applications are developed and lay the foundation for others to follow. The golden egg? EEA enterprises gaining the confidence to one-by-one begin their own customer facing development. + +When that happens, my friends; well, that's what they mean by web 3.0. + +For what it's worth, web 3.0 would be no less than a Mars landing. That or one of Jupiter's many moons. + +TLDR: Actual development by businesses on the Ethereum Blockchain is a major driver of the longterm value of ETH. This is different from adding new hodlers. Technology adoption by businesses follows an adoption curve. DAPPs are being built by innovators, not the mainstream/majority, nor even the early adopters. KIK signifies an early adopter and will pave the way for more like businesses to follow suit. Business cases will ultimately give confidence to enterprises to follow through with their projects. Enterprises using Ethereum's blockchain = moon^x. + +Also, can't hurt to gain ETH exposure to millions of new users. +Why not use milli-kilo-mega symbols or exponents instead of showing only numbers with 12 zero digits? + +>Insufficient funds. The account you tried to send transaction from does not have enough funds. Required 20945000000000000 and got: 20000000000000000. +How do you expect new users to read that line. + +EDIT: P.S. why is the fee so high? That's a lot more than in other popular coins. +That Spotify theory sure put a spoil on this excellent win for Ethereum adoption. + +KIK's announcement is the Ethereum blockchain (ETHB) being put to real use, by a company many of us have heard of - 300 million total users - looking to build on their application with a proven business model. See WeChat. + +Recent announcements of Token and Status will likely be more exciting from a technology perspective. They'll be loaded with cool features and potential. But they don't have users, and users are not always easy to acquire. Think Google+. + +Up to now, application development on the ETHB has been from the innovator's bucket of the [technology adoption curve](http://smartideastore.com/wp-content/uploads/2013/04/technology-adoption-curve-Rogers.png). Exception to this being JP Morgan's parallel private blockchain - Quorum. + +DAPPs? Innovators. EEA? Major organizations looking at ETHB's potential to create a business case and standardize. The latter is hugely promising. Repeat that, HUGELY promising - but still without release of customer affecting development which is what will be meaningful for the endgame of ETHB. To the former, well, amazing DAPPs will come along as the ecosystem develops and developers gain mastery of the potential at play. Usage of Brass Golem over the coming months will be interesting. Real value will come down to paying customers and/or user adoption of these DAPPs. + +Back to the [Technology Adoption Curve, in case you haven't clicked yet](http://smartideastore.com/wp-content/uploads/2013/04/technology-adoption-curve-Rogers.png), moving from innovators to the early adopters - both business use cases and end-user adoption of cryptos - entail bringing in a different type of customer. One with more skin in the game, is recognizable, generally more risk averse than the innovators, less tolerant to bleeding edge pain, but one that sees the potential and takes the leap. KIK is number one on that list for us. + +Without JP Morgan, we wouldn't see the level of enterprise engagement we have with EEA. KIK, though certainly no JP Morgan, gives us a use case for other businesses to reference and follow. Other early adopters will begin to follow suit. As they do, and more customer facing applications are developed and lay the foundation for others to follow. The golden egg? EEA enterprises gaining the confidence to one-by-one begin their own customer facing development. + +When that happens, my friends; well, that's what they mean by web 3.0. + +For what it's worth, web 3.0 would be no less than a Mars landing. That or one of Jupiter's many moons. + +TLDR: Actual development by businesses on the Ethereum Blockchain is a major driver of the longterm value of ETH. This is different from adding new hodlers. Technology adoption by businesses follows an adoption curve. DAPPs are being built by innovators, not the mainstream/majority, nor even the early adopters. KIK signifies an early adopter and will pave the way for more like businesses to follow suit. Business cases will ultimately give confidence to enterprises to follow through with their projects. Enterprises using Ethereum's blockchain = moon^x. + +Also, can't hurt to gain ETH exposure to millions of new users. + +* What brokerage are you using currently? +* Is the brokerage structure suitable to your trading needs? +* How is the availability of the brokerage service? Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? +* How do you rate the brokerage reports provided by the brokerage house? +* How are the ancillary products and services provided by the brokerage house? Do you use Smallcase to manage your portfolio, and how was the service? + +You can ask for a general review of a particular product or service that you are researching - "Is X good? Is it recommended for long-term delivery trades?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ke padosi ka beta, and I need a broker to do my YOLO trades."), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +It’s obvious now that the lockdown will hurt India’s economy. And just as other countries are doing, we’ll need big stimulus to start pushing it back into gear. There’s a number of things that this process will involve: + +Old businesses can take time to come back to life. Because workers would have migrated, supply chains disrupted etc. They will need help to survive through a time when their factories or offices are shut, and to have paid intermediate salaries or rent. + +New businesses will have to be encouraged. Just as some businesses will need help, some of those will die. And those businesses will have to be replaced by others who are new and just getting in. Think of the barber shop that’s shut because it couldn’t pay rent for two months, but then people in the area will still need haircuts. + +Giving people and small businesses money directly into their accounts will probably become a necessity, to encourage people to spend or to pay for some of the damage caused due to the lockdown. + +The government will have to kickstart spending in a very large way – from better healthcare, to more infrastructure (to provide job) or simply to allow for the economy to rise again. + +This costs a ton of money. A rough estimate would be, say, Rs. 400,000 cr. +The government doesn’t have this kind of money right now, and raising it by selling assets or issuing debt is enormously difficult. Because the debt it has is already quite large, though not as much compared to the western governments nowadays. However, it doesn’t need to take more debt. There’s money the government rightfully owns which sits idle in a very specific place. + +Here’s how it can get Rs. 400,000 cr. now. + +This kind of money doesn’t grow on trees, so what nonsense is this, Deepak? (I can hear you think) But bear with me, because I’ve thought this through. +The money may not grow on trees, but there’s one big mega uncle who prints it, and generates a large amount of profit. It’s called the RBI. +We have written earlier that the RBI has way too much money sitting in its balance sheet that it shouldn’t have. These are called “reserves” (very different from forex reserves). Read: The RBI is hoarding too much capital. +Essentially, these are very large numbers of retained earnings, that has gone up even more now with this crisis. The extra earnings can be given back to the government, which can then spend it. +Now, RBI makes a lot of money from multiple sources: + +It has nearly 10 lakh crore worth of government bonds, which, at 6.5% will give it roughly 65,000 cr. in interest per year. + +It also has, now, 35 lakh crores of Forex assets, (lets not call them “reserves” yet) , up over 6 lakh crores in the year. Yes, the RBI has bought a truckload of dollars this year. + +The forex reserves earned them over 74,000 cr. last year, and we expect this year to be a little more – probably 90,000 cr. all things considered. + +That is an income of 155,000 cr. already. + +Apart from this there is a big other benefit. Now the RBI owns all these dollars – it bought them when the rupee was lower (on average, probably Rs. 55 or so). When the dollar depreciates, to balance the accounts, the difference is placed in a Currency and Gold Revaluation Account (CGRA). + +The CGRA already had over Rs. 6 lakh crores last year. + +This year, considering the RBI has 450 billion dollars in foreign assets, that will add Rs. 4-5 per dollar as revaluation profit – around Rs. 200,000 cr. more in the CGRA. + +Due to accounting changes, and due to sales of dollars (around $30 billion in the full year) we should see around Rs. 60,000 cr. as a realized capital gain this year with the RBI. + +For details, here’s a good Ananth Narayan article, but note that I simply do not agree that such a profit is not a real profit – it’s as real as any rupee printed. + +The RBI doesn’t spend much: 7,000 cr. on employees, 5000 cr. on printing currency and this time, probably 10,000 cr. on payment of interest. + +What are you saying Deepak? All these big numbers…. + +Okay, ignore the nitty gritties. +Simply put, RBI has a potential profit, this year, of around Rs. 200,000 cr. This is money it can remit straight to the government this year. + +Doesn’t it do that always? + +Well, no. The RBI is not very happy to be paying the government anything, to be honest. They keep building random “buffers” to avoid having to pay the government. See what all they have: + +Contingency fund: 200,000 cr. + +Why? We have no idea. The RBI never participates in any contingency whatsoever; all bank rescues are funded by the government or the PSUs or such. The RBI doesn’t even like to buy anything that isn’t government bonds, so they never take any balance sheet risk. There is no need for a contingency reserve at the RBI. And that too, 200,000 cr. – that’s more than 30% of India’s fiscal deficit! Come on. + +You might keep a little bit here, but to hoard such a large number here is unnecessary. + +Currency revaluation account: Now, over 800,000 cr. + +This is basically reflecting the fact that RBI bought dollars at Rs. 55 or gold at Rs. 1600 per gram and now the dollar is at 75, and gold is at 3800. + +This is huge. They keep adding to this fund every year, needlessly – a change in accounting procedure may help remove it. + +Asset Development Fund: Rs. 23,000 cr. + +Again, why? All major things owned by the RBI are now, by decree, transferred to the government. Examples: SBI, NABARD, NHB. Why should the RBI keep a reserve for this, especially when they have collectively spend less than 5000 cr. in the last five years from such a fund? What’s the point? + +Other stuff: Rs. 200,000 cr. + +This contains items like unrealized gains on Government bonds and foreign bonds + +Again, this should be a profit but is not recorded as one just so that they can avoid having to pay the government. (One simple way to record it is to sell all the bonds and buy them back instantly, converting all the unrealized gains to realised profit) + +In total, the RBI has a Rs. 13.5 lakh crores of extra profit (retained earnings of sorts) on its balance sheet. +Every year, it generates a large profit and just keeps a good portion in each of these sub clauses, and avoids paying the government. In a partial correction, last year, they discovered that the excess on the balance sheet was too large, and paid out Rs. 1.76 lakh crores as dividend, but it still leaves a huge amount of room for more. + +You said Rs. 400,000 cr…. + +Yes, I’m coming to that. +The RBI’s balance sheet is Rs. 47 lakh crores. +The “equity” stuff on the balance sheet, which includes the “extra” stuff we talked about – is more than 13 lakh crores. That’s like 27% of their balance sheet. +According to the recent Bimal Jalan committee report, the RBI should have a total buffer of about 21% – around 9.8 lakh crores. +Given that they have more than 13.5 lakh crores – roughly 400,000 cr. can be given back to the government as dividend. + +But what will they sell to give dividends? + +Oh they don’t have to sell anything. The RBI has an account for the government. (It’s the govt’s banker). So you transfer from one account (the retained earnings) to another. That’s all. +Well, what happens when the government spends the money? It goes to a bank account with some bank. So that banks account with the RBI will swell up and the government’s will reduce. +The RBI balance sheet doesn’t change – only the constituents do. + +Wait. Why all this now? + +Let’s get serious. This is a massive economic blow for the country. We will easily lose over 4% of GDP just to the lack of activity for a month. This has to be made up by massive government spending. +That spending has to be financed. Already, the highest expenditure of the govt is interest payments. (Over 5 lakh crores in interest. The next highest entry, defence spending, is 40% lower!) +The government may still need to borrow but why should it borrow when the RBI, which is owned by the government, has all the bloat sitting inside it? +That’s like saying I have a lot of fixed deposits but let me go borrow money instead to pay for my urgent medical bills, even though I’m reeling under interest payments. +The country needs help. We need to relax the ridiculously huge buffers maintained by the RBI in order for the government to spend. +The RBI could pay a lot more – but this year, a 400,000 cr. payment looks very achievable without stepping on some toes. +I’m not even asking for the government to eat into RBI’s already created massive reserves. Just that they take what profit would have been generated in this one year, instead of allowing RBI to bloat what is already much larger retained profits than required. Remember, most central banks have much lower retained equity as a percentage of their balance sheet. RBI is at 23% currently. Brazil is at 1%,  Russia at 13%, South Africa at 1% and the closest perhaps is Germany at 13%. India’s RBI has simply way too much in terms of retained earnings and buffers. +In the times of a crisis, you have to use buffers. This is a crisis. This is what a buffer was meant for. I know that a vast crowd will cry tears about how this undermines the independence of the RBI or some such random spiel, but this is not a time to listen to them. It’s time for us to place money in the hands of those that will shoulder the burden, and to not let it lie in forever-unused buffers like within the RBI. +Note: What about inflation, you might ask. There will be no inflation by this; none of the above will cause balance sheet expansion of the RBI. And btw, the whole world is inflating and doing so heavily. And they’re all going to support their own countries with specific packages. In that context, there is very little likelihood of any inflation – in fact we’ll have to fight deflation in a slowdown.  + +https://www.capitalmind.in/2020/04/how-the-government-can-get-400000-cr-to-fight-the-covid-slowdown/ +Simply that, I’m 20 this year and if we do reach a recession, what happens to the stock market? Are there any sectors or stocks that perform or does the whole market tank? + +If everything does go down, maybe you can’t time the bottom but that means you should just sell now, lock in profits and wait for some signs of recovery to buy back in? Assuming you’re a believer that there will be a recession since obviously no one can predict it. + +Appreciate any replies! +Personal context: I work for large tech company X. We get a significant amount of restricted stock units vested ever year, which is basically an award of the company's stock. All my coworkers say it's crazy to sell/cash that out because of how amazing the stock has done recently and historically. And the truth is, that would have consistently been the best move for many years given the specific company's history. It's how everyone who has been there for a while became loaded. However, I'm thinking of selling all the shares as soon as they vest every year (not just enough to cover the taxes), moving the money into my brokerage account, and just buying some broad market index fund. That is what I would do with the money if I came upon it elsewhere. I wouldn't go out and buy tech company X stock specifically, so it doesn't make sense for me to hold on to large amounts of it because I received it in that form. Obviously, I'll be risking FOMO if the stock keeps vastly over-performing the market, but I'd still benefit from that since I'd have future vested stock for next year appreciating. It'd also worry me to have such a huge percentage of my assets in that one stock. + +By "right" move in the question. I obviously mean the right process move, and not the right outcome move (which no one knows for sure). +Not feeling like things are gonna get better... for a while, I hoped it was just a typical generational rite of passage... you know, everyone who gets over 40 starts complaining about how much better things were back in their day. From social culture to art to inflation. + +But now the fear has been growing that this is so much worse. Probably a repeat of others' sentiments, thus I gave it the flair it has... Thanks for the outlet. Please chime in. +30 days today have passed since my launch. I want to atleast try this system for a minimum of 100 days but i thought it was a milestone since its a month today and post my results. If anyone is woundering its a crypto algo with leverages, shorts, longs and an interface to input setting parameters, view stats, trades, positions etc. + +BTC starting price: 21 000$~ +BTC price now: 16433$ +total trades: 916 +account growth: 42.4% +winrate: 71% +Their share price has declined considerably over the past year. Part of that is obviously due to a general decline in equities, with the s&p500 down 20% this year. More of that is due to the general decline in tech stocks (which is what Tesla is generally regarded as), as the nasdaq is down 33% this year. But Tesla went even further than that, and is down 66% this year. + +The reasons people ascribe to this are generally either that the company is in trouble or that it’s because Elon isn’t there to right the ship (or both). But what if Tesla was just dramatically overpriced and it’s only now coming down to earth as first time retail investors who pumped money into stocks irrespective of fundamentals or even sound qualitative reasoning exit the market (which for the past 2 years held, by %, an unusually large proportion of Tesla’s shares)? What if, in a poor macro environment, people have just lost an appetite for risky assets? + +What if, and I know this is speculative, a stock that people were paying $1100 for each $1 in earnings for in 2020 *may* have been overpriced? + +On top of all of that, I think some may have overestimated the size of Tesla’s moat and how difficult it would be for other car makers to catch up, and also may have failed to consider the strain increased competition would place on the vital and not exactly abundant supply of inputs necessary to make EVs. But I don’t think this point must necessarily be true to explain Tesla’s share price decline given what I said above. But I do think to some extent the current explanations for Tesla’s share price decline are the result of our tendency to look for a single person to blame for adverse outcomes - although I am not entirely condemning this view in this particular case as Elon being stretched this thin and spending so much time at twitter is objectively cause for some concern. +I always hear how economics and wealth isnt a zero sum game, how one person getting more money doesnt mean that theres less for everyone else. + +I also hear that increased money supply always leads to inflation (and from what i can tell this is true) + +To me these two facts seems to contradict each other. Im sure im missing something (hence why im here), but from my perspective, if theres already infinite money, then why does everything have to go up in price when more of that moneynis made physical? + + +I transferred from a CC where I got a 3.85, whilst taking the hardest possible math classes. I was in for a very rude awakening at Michigan and struggled my way to a 2.67 :(, granted I did take all three of the hardest courses required to graduate junior year, but still a terrible showing and I honestly felt like I put in pretty solid effort.  + +Welp, with a sub 3.0 GPA I was not eligible for about 90% of internships for economics students. The about 20 within a 20 mile radius of me all chose other candidates (I put in several hours of work on my resumé, including four hours at the university career center getting feedback.) I also reached out to at least 100 banks/credit unions,  data analytics firms, and economic consulting firms inquiring about internships and attaching my resumé. I got a total of seven responses, two gave me a phone screening to which both told me a week later that they lacked the funding.  + +After all of that I applied for about 30 part time teller positions,  just to get my foot in the door at a bank/credit union. Only one got back to me (it was actually from one of the companies that phone screened me) and then gave me a virtual teller exam and she told me I'm an excellent candidate and higher quality than a majority of those that apply, but said the bank manager likely won't hire me because I can't do 20 hours a week when school is in session. I also applied for a research position with the economics department at Michigan and was turned down.  + +I do work for a tutoring company that I plan to quit from soon so that I have the needed 2 months off from contract to be able to go independent,  and charge students $40/hr for tutoring services (average price is $50/hr, so I'm hoping to get at least 10 hours a week as a full time student),  and if that's successful I'm sure I can do it for a good chunk of my income after I graduate and am able to do it much more often.  + +Currently, on summer, I'm making about $300 a week umping baseball (I'm making quick advancements though,  and that can easily be $400 a week next year), and $300 a week playing poker (just took hourly wage from poker over last 1200 hours and multiplied it by # of hours I play a week over the summer), but obviously that fluctuates a lot as I can be up $1500 one week, then down $800 the next,  and it's more or less better measured by "okay, over this year I can expect to make $x." + +I kind of just assume my degree is trash because of my GPA and lack of internships and am largely just going senior year to have a bachelor's degree in general and for the athletics. However,  let's say I'm able to get on average 20 hours a week when school is in session tutoring at $40/hr, over the 30 week year, that's $24,000 and then I make $400 a week umpiring over 25 weeks, that's $10,000 for a non fluctuating income of $34,000, then say I keep my long run win rate and stay at the same stakes for poker at $20/hr, playing 20 hours a week for 48 weeks, that's $19,200 of added fluctuating income but should end up there at the end of the year for a grand total of $53,200, which I suppose isn't bad at all for a first year grad, but the only thing that's using the degree at all is tutoring, but there's also the chance tutoring won't work as well as I imagine. There's also the "what happens when I'm inevitably down $2000 this month in poker" which seems to happen about once every 12 months.  + +Anyways, I'd also like to only work half as much umpiring, and slide down to $200/week, and just have a year round 20-28 hour a week job, and have pretty relaxing May's-August's, which also gives me a good opportunity to play in the world series of poker events in June.  + +Are there ways to enter the economics undergrad job market and only work part time and still make OK money (ideally no less than $20,000/year)? I'm not even really that interested in banks/credit unions, just looks like a good opportunity to move up and an industry that allows a lot of part time work. Really, above all else, I just love the study of economics more than anything. For fun I have reas several books by the likes of Hayek, Keynes, and Friedman, just because I love the subject. However,  are there any jobs at all with an undergrad and no internship where you can just research topics in economics or be involved in the study/theory/real world application? I did find my econometrics course very interesting,  and did OK getting a B in it,  but what econometrics jobs can I do in my situation - probably none? I think consulting work would be really cool and is somewhat close to economics study, but that looks very limited and not an industry welcoming to my situation. It seems everywhere I look I'm either in deep trouble with my GPA or lack of experience,  and it's very upsetting and makes me think the degree is totally useless. + +Any advice? Sorry for the long post. I rarely appreciate any and all feedback!  +Just like the petrodollar has benefits for the US, does the drug trade in dollars benefit US as well? If so do you believe it’s plausible the government doesn’t want to stop cartels because they use the dollar and increase its demand and use? +In the wake of the pandemic most countries around the world are increasing debt ratios. Country's like Japan have hit debt-gdp in the 240% range. + +While not as high in absolute figures, the US recently has taken on alot of debt very quickly. Going from a ratio in 2000, of ~55% now in 2020 its pushing 130%. + +I also know that interst rates have remained unusually low, for an unusual length of time. + +My layman's fear is that we could accumulate enough debt that once interest rates rise could be unsustainable. + + +Is this a legitimate fear? Or am I being a doommonger? +Judging by the number of posts made about the modern mises institute in r/badeconomics I'm guessing that the current group of Austrians isn't that respected. But what about the older ones, carl menger was part of the marginal revolution, Bohm-Bovwerk created the time preference theory of interest (I think), mises wrote economic calculation in a socialist commonwealth, Hayeck wrote the use of knowledge in society, the road to surfdom and a load of other stuff that I think is now quite well respected. + +So especially with the case of hayeck, how respected are they nowadays by mainstream economists? +Hey! + +I do believe that a main misconseption is that... + +**GDP is considered as a measure of growth**. GDP can increase through numerous methods that are unrelated to growth - these include monetizing reproductive labor (ie if you switch from doing laundry yourself, to having a service do your laundry it will show a GDP growth, but no actual economic growth has taken place). + +**Do you have any other ideas?** +Does anyone own and rent out a lake cabin on owned land? Does it give a decent return on investment, does it need to be close or is 5 hours doable? I have $50,000 - $60,000 liquid and the property is less than $100,000 but would need about 15,000 in rehab to be the way I would want it. Anyone have any advice? I would want to rent it out as a short term rental. I also ask how to know how to price it? Thanks for any and all advice you pros can provide! +Trying to do a lot of research to prepare myself for buying my first investment property. I am currently doing a lot of research into seller financing at the moment and the pros and cons but most of the time the things I read leave me with more questions than answers. Have any of you used seller financing to buy a investment property? The pros I see are that if I buy from a FSBO, I could out down a lot less on a down payment, flexible interest, flexible time on loan, dont need a bank mortgage, and little to money on rehab for the property. For cons the seller could ask for a very high interest rate, due on sale clause if they have a mortgage on the home, and if I default on the property they keep all the payments and take the house back as collateral. But what about closing cost, taxes, and other fees that may come up throughout the process. Still trying to do as much research as I can on this so I'm sorry if some of these seem obvious but any questions that can be answered would be a huge help! Thanks in advance. +As the title says. I’d be greatful for some advice. +Example would be. +Rent Cost: $1400 +Mortgage: $1700 +Im a first time buyer. +I still live with my parents. +I have quite a bit of savings. +I live in toronto. + +Is it worth investing in a property ? +As title indicates I’m starting new job, pay cut is around $30k a year and basically wipes out my ability to save for the next 24 months. + +Im 35M in Sydney, I feel comfortable that a pay-cut won’t hurt my day to day lifestyle, and the compound growth on investments will continue to take care of itself. But I won’t really be saving much on top anymore. + +I’m pretty nervous. I’m aware I’m forgoing a sizeable chunk of change($70k ish) in the next 3 years. I’ve rationalised it as an investment in myself, but not convinced of the value. +Has anyone done something similar? If so, how did you find it? +hi guys, i looked on reddit and youtube where i can learn how to trade forex and saw youtubers like karen foo and ICT bc it seems like they dont want to sell u something and then i looked up these names on reddit but mostly everyone is telling they are just frauds and want to scam you but how ? lets take karen foo she doesnt even sell any course or something so why are people saying they are frauds and liars. Where can i find good people to trust in and learn to trade ? Where do u guys learn from ? just want to now what u guys think about that topic. thx in advance +I'm trying to get into FOREX trading and I'm still wondering what platform to use. My starting capital is €1000 (approx. $1115) and I live in the Netherlands. + +Any help would be appreciated +So first off I'm still very new to forex, still in my demo account phase, and plan to be here for a while. But I've just recently learned about using fibonacci as a tool for trading and was wondering if anyone uses it to help them with their trades and if so how helpful has it been? And on the flip side has anyone tried using fibonacci and not had any luck with it. Thank you for any answers you provide. +If more buyers cause an increase in the price of a currency then doesn’t that mean that majority of people are in a winning position? Or is it just because of huge trade sizes from a few institutions. If not why are 90% losing? + +Next question, how much trade sizes does it take to see one tick movement? + +Thanks guys. +Right off the bat, I want it to be known that I am not trying to brag, the title is really just for attention getting. With that said, I am currently up about 3,100 pips long on AUDUSD since .76042 a few days ago. This is however on my demo account as I am revising my old system to take in account weekly signals. + +To get more to the point, I am using only .01 lot sizes. And I'm trying to find ways on how you all add to a position that's winning, and how to hold on to it. I had opened 3x .01 positions within the first couple days betting on correct analysis. And it did. However I had some TP's in place because thats how my old system worked. Right now I have a total of what would be +$29.73 sitting in the bank and an open position of +31.31. And with a move as large as this I feel like the profits should hand over fist, i really believe that the true wealth comes from capitalizing on how correct you are. + +Now my question(s) to you guys is.. + +1.What is your procedure for adding to a winning trade. Because you start battling yourself thinking wow I've made a great profit, I don't know if I want to add to it because this might be the end of the move. And I don't want to lose all I've made. + +2. TP's. Do you use them, at least those of us who hold our positions for a bit of a longer time. Or do you just monitor and keep all your open trades open, until you manually deem the move is over. + +3. Scaling position size. I've heard and read a lot of people go bigger when they're on a hot streak and shrink it down when they start to lose. (keep in mind I have a very small account to wager. Only $200. This is because of a challenge I took on because of a friend) so while maybe opening a new position with larger position sizes, even though theoretically that would be the safest place to go in larger and add to it with smaller lots, I was wondering if any of you do it the opposite. Go into a new trade like I do with a .01 lot. Making sure my toes are in the water if it pans out correctly. Putting a .01 limit somewhere where i deem the "optimal" starting place and then for me right now it's haphazard position growing with .01 lots. Perhaps instead of adding .01 adding to the position in larger multiples to really build a position by the end of the move. + +Thanks for reading, and hopefully responding. I do know that the argument of only having 200 dollars to wager will most likely come up, but I don't see why it can't be done. It is easier with more assets for sure. But this is just another piece to this grand puzzle. I greatly appreciate the insight of everyone. As I've found a lot of books focus on the struggle of losing but not the extreme struggle of winning in the markets. And it's ability to cloud your mind so easily. I do say I've gotten better at handling it and sitting idly by letting the markets play their part in it all but it is still the area of most needed work. +Why did USD weaken on all currency pairs? Even the ones with uncertainty(gbp) or the ones ?which economies are failing ...? + +Going to need a better analysis than "because everyone expected a rate hike" +Alternatives to diapers: Yes, you can order cloth diapers from amazon but those get expensive quick. Flour sack towels work as diapers in a pinch. You will need to fold them into a “Kite Fold” but it’s pretty simple and there are instruction videos on YouTube. You’ll need about two dozen for a newborn-6 month old baby and only a dozen for a baby older than that. You can double them for more absorbency and pin them with baby pins. You’ll need to change more frequently if you don’t have an outer diaper cover. You can wash them by emptying the waste into a trash can and then cleaning with dawn dish soap or tide. Expensive diaper laundry soap is a comic and honestly doesn’t clean as good. Soak in bleach and wash about once a month and line dry outside to get any lingering ammonia smell out. Pin with diaper pins. Best of all they are cheap! A dozen flour sack towels is about $6.00 and diaper pins are $1-2 for a pack. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to baby wipes: This one is easy. Baby wipes and a cleaning solution of three parts water to one part baby soap. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to baby wash: use ten parts water to one part vegetable glycerin and one part coconut or virgin olive oil. Add essential oil if you want fragrance but look up which are safe. I stick to just a drop or two of lavender oil. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to formula: Unfortunately this one isn’t safe. Please don’t try to make your own formula. + +Stay safe out there everyone! +The best example for this is the issue about Coinbase. Lots of FUD articles that are scaring people in the different subs here on Reddit but Coinbase isn't about to fail. The worst kind of misinformation is when truth is mixed with FUD. Yes, for some people who got carried away and transferred their crypto to somewhere else it's a good idea to have your own keys, but Coinbase is still safe IMHO. + +I’ve been following them on twitter and I came across this [thread](https://twitter.com/Ivshti/status/1529474442622947328) that will prove that Coinbase is not a boomer company with all of these developments. +Just taking a glance at the daily chart over the last year+, I always felt that GME had *way* more noticeably large top-wicks compared to most other tickers. [For those who need a refresher on candlesticks](https://www.xtremetrading.net/wp-content/uploads/2018/09/stock-candlesticks-explained-learn-candle-charts-in-10-minutes.jpg), this would simply indicate that the stock had a high price throughout the day that is farther away from where the stock ended up closing. + +So I decided to see if this had any credence. I'm not great with automating this type of thing, so I'm sure there's a more efficient method, but I dug through the daily prices of 15 random tickers from my watchlist, and calculated the average percent difference in price between a days' high price and the eventual closing price. These averages are from every trading day between the start of 2021 through yesterday, 8/8/22. + +&#x200B; + +|**Ticker**|**Avg % difference between daily high and closing price**| +|:-|:-| +|GME|6.97| +|popcorn|6.18| +|REV|4.87| +|BBBY|4.72| +|HOOD|3.79| +|MRNA|3.14| +|SHOP|2.84| +|TSLA|2.53| +|NVDA|2.03| +|NFLX|1.66| +|META|1.57| +|AMZN|1.37| +|BAC|1.23| +|AAPL|1.10| +|MSFT|1.00| + +&#x200B; + +Hmmm, can you think of anything that those tickers at the top might have in common? Like perhaps they may be wrapped together in some sort of basket to be shorted into oblivion? Even REV recently had a small squeeze after being approved for a bankruptcy loan. And yet again, my beloved stonk is the unicorn leading the pack. + +Yes, I do realize that this may just be an indirect way of measuring volatility, and that some outliers may throw off the data a bit. But even if I only go back one calendar year (thereby eliminating the big sneezes from the sample size), GME still averages a 4.69% drop from it's high price *every single day*. + +This isn't groundbreaking DD by any means, but numbers are the only entity involved in this saga that won't lie to us, so I think it's important to poke and prod and see what they have to say. And these seem to show someone battling to keep this thing grounded for close. Love when the numbers tell me how fucked the hedgies are. + +**TL;DR** \-- Since the start of 2021, GME averages a 6.97% drop from it's daily high to closing price every single day, which is significantly larger than the 2.02% average drop of the 10 non-basket stocks I parsed. +Hello! I’m 22 years old, and I’m thinking about starting to invest. I have no clue where to start, and my parents are *really* bad with their money so I don’t know who to ask or what to do. I want to be able to retire someday and I want to put my money to good use. I know starting early is the best option. I just don’t know where to start. Any help would be appreciated! +*Edit: Awesome stuff here guys, really appreciate the outpouring of advice and suggestions. Even the shitty ones. + +I **will** get a receipt for everything. I promise. Okay? Oh and I am in the process of getting clarificiation and details from my bosses, and I feel much better doing so after getting the basic info from you all. + +Chicago sounds awesome. I'm gonna improv some ketchup on a hotdog on top of a shiny Bean thing, after I deep dish the shit out of something something Wrigley's field. Can't wait. Thanks again for all the help* + + +I know I should be asking my bosses, but I'm just trying not to come off as too inexperienced. But I have a ton of stupid questions, so I have come to reddit for answers. + +Background +Hourly Employee, Pittsburgh area. Company offered to fly me to Chicago. + +Questions: +1- Do I get Paid? Do I get paid for travel time? +2- They are making flight arrangements, but I guess the hotel arrangements are up to me. Whats a reasonable price to pay per night? Should I book in advance? +3- Do I take taxis? I've never rode in a taxi. Do I Uber? +4- They said they can either provide me with an advance or I could pay for things like hotels, food, taxi's on a credit card and then submit an expense report for reimbursement. Is one better than the other? +5- What do I do in a strange city at night by myself? I am not a social person, but I refuse to stay in a hotel room the whole time. + +Im in my late 20s and desperately want to move out from my parents home. I live outside of london yet ive noticed that houses on my street have gone up in value by \~10% since the 1st lockdown (and continuing to increase), despite my local area having 1 of the highest rates of unemployment in the UK. + +Its bad enough house prices are now triple what they were at this point in 2015 but it is bizarre that house prices have gone up quite a bit in the last year despite the 2008 recession making house prices drop by a third compared to house prices in 2007 in my local area / took between 2008 and 2015 to reach 2007 housing prices. + +Any ideas why house prices have gone up a lot? +It would be a very small portion of my overall ETH and right now I’m doing really good with saving money so I don’t want to waste my work money I’d rather sell some eth? What do you guys think? +All in the title really. + +I was thinking of times that others and myself have found ourselves regretting buying/spending on something because it turned out to be a rip-off or a bad idea financially. Examples might be a phone/car/tech contract, an insurance product, or even a regular consumer product. + +Have you any to share? +I have a few tradies in my family, mostly carpenters and plumbers and at the hot topic at family dinner at the moment seems to be about how there have been major price hikes for basically every type of building material possible, even rubbish removal has increased 50%. + +Apparently if you were to build a house at the moment it would be 30% more expensive than this time last year. + +We have another family member who signed up for one of those 5% deposit house and land packages at the end of last year and building isn’t due to commence til early next year. They have locked in the prices for the build before the price hikes so we are curious to see how this plays out and if he will have to fork out more money, hopefully he doesn’t. + +What does everyone else think will happen in similar situations? Will builders try and get out of their contracts? +I posted a couple of weeks ago about my [business bank account being locked due to a fraud investigation.](https://www.reddit.com/r/UKPersonalFinance/comments/reknfa/banking_advice_sought_sole_trader_account_locked/) + +After I posted, I followed the advice given in some of the replies and visited the branch, some way away. I was there for two hours; contrary to what they'd told me on the phone, they weren't willing to give me any access to any of the money in my account. (I suspected this all along, which is why I wasn't originally rushing to visit.) + +However I did take the opportunity to give a full verbal statement explaining what I thought had happened. They typed this up and emailed it to the fraud department. The only benefit of being there in person was that they could verify I was who I said I was. + +As I had suspected, the fraud investigation was triggered because of an unusual transaction (high four figures, normally I invoice max £2k at once). I only learned this by tracking down a customer of a customer through a clue in the transaction reference. + +The chap who made the transfer is an elderly gentleman who a few years ago made a legitimate direct payment to me to settle an invoice. He had been targeted this year by fraudsters who told him his account was compromised and that he needed to transfer his balance to a "safe" account - the usual scam. As luck would have it, in his confusion, he accidentally transferred it to MY bank account. + +His family then contacted his bank, who flagged the transaction with my bank. My bank then locked my account. It's important to clarify here that this was entirely outside of my knowledge and control - he could just as easily have transferred the money to anybody else's account, triggering their business banking to be shut down instead. + +Earlier on the day I visited the bank, I spoke to his son who confirmed the above information and said they had spoken to their bank to clarify this exact situation. I then passed all this on to my bank, with various bits of documentation. To date, they still haven't unlocked my account. + +A rough timeline: + +* November 2021: I don't access my bank account as I have changed phones and can't generate a new code +* 10 November: unusual transaction is paid into my account, not spotted by me as I am not logging in +* Late November: I try to login with valid code and can't; initially put it down to user error +* 10 Dec: I ring bank and am told my account has been locked for a fraud investigation. At this point I find the unusual transaction on my written statement. Bank tells me I would have been notified in writing and by phone of the account being locked, and then says I wasn't +* 11 Dec: bank posts me a letter telling me they need to speak to me urgently and I should call them +* 13 Dec: I speak to family of gentleman who made transfer, clarify situation. Visit branch and tell them what I think has happened, they type up statement and send to fraud department +* 17 Dec: I receive the letter from the bank from 6 days earlier telling me to call them. I speak to them and they tell me that they now have all the information they need, and I just need to sit tight +* Today (23 Dec) I still don't have any access to my bank account + +Some points here: + +* the unusual transaction was on 10th November. It would have been flagged then or shortly afterwards by the elderly guy's family. My bank didn't make any attempt to contact me until *11th December*, which was *after* I'd already contacted them. +* my account was locked at some point presumably mid-November. I gave the bank all the information they needed on 13th December. As of 23rd December I still have no access to my business bank account. This means my account has been out of action for around six weeks, and I have no visibility of when I will have access to it. + +Fortunately I was able to open a business bank account at short notice with another provider, using my own cash, and my main client was understanding enough to pay some invoices next day to give me enough money to continue basic trading. + +There are two lessons I've learned from this: + +1. Banks don't give a shit about you. On my original post, people said to me "Ah yes, but they were protecting *your* money, you should be grateful they shut down your account." Nope - they were protecting THEIR money, not mine. My money was never at risk, as it wasn't me who was defrauded, and I knew this full well from the start. However, as a result of them freezing my account for a long period, my business could very easily have been at risk. +2. If you have a business bank account, for goodness' sake make sure you have a secondary business account with a completely different provider, with enough cash in it to keep you running for a month or more if you fall foul of the same set of circumstances that I have. + +Suffice it to say that as soon as I regain access to my account, I will be moving my business banking elsewhere. +All the contributions we make to our portfolio at these prices will just grow that much more throughout our lives. Since I'm a good 30 years away from retirement, I've got no reason to sweat. I won't be touching these funds for a long, long time. + +That being said, I do understand why it's stressful for people that have just retired or are entering retirement soon and that makes me feel guilty about my excitement. Anyone else in the same boat? + +Edit: I kept this post short and sweet to just get some conversation going about whether other people my age feel similarly about viewing a downturn in equities as an opportunity, but it seems I've evoked some negative emotions in the comments. Yes, we aren't technically in a recession until we complete a second quarter of negative GDP growth. Yes, a recession will likely have negative implications on consumer purchasing power and employment opportunities. And yes, I would feel terrible for anyone who's negatively impacted from these circumstances. It's okay to be excited about opportunities you see for yourself and still have compassion to those that may not share your good fortune. As someone said in the comments, just don't gloat about it. +RAC options appeared in my trading account the other week when RAC did their 1 option for every 20 shares held thingo. + +Those options appeared in my trading account. I figured that was the end of it. Now they are gone. I wasn't fucking supposed to action something to get to keep them was I? + +Yes I was tempted to flair this as dumbfuck discussion +So many people keep mentioning a ZIP/Amazon US deal, but I can't find a single source other than Facebook and Reddit comments. + +As late as April QuadPay was the provider for Amazon US, but has since been removed. In May they launched the beta for Amazon Pay Later in India. If it's speculation, I would say it's just as likely for Amazon to launch their own internal BNPL than go with Zip for their US market. + +Not a Zip denier, shit is gonna moon. Just don't expect Amazon US is a guarantee. Apple trialed Zip, as well. Once the trial was up those motherfuckers had murmurings of their own internal BNPL, as well. +So like there was so much hype about it a week ago and all of a sudden haven't heard anyone mention it. What happened to their agreement with Tesla? Any upcoming announcements? Honestly thought there was not stopping it. +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +here are my picks of some of the companies doing solid work on ASX + +[https://www.greenleiter.com/post/some-highlights-from-asx-companies-in-the-past-month](https://www.greenleiter.com/post/some-highlights-from-asx-companies-in-the-past-month) +Mark Creasy - Major shareholder of Galileo Mining (ASX:GAL) has acquired a 4.3% stake in neighbour Greenstone Resources (ASX:GSR) in June for around A$2m. + +This sheds an interesting light on drilling this week at the 50/50 joint venture between Greenstone and Conico Ltd. (ASX:CNJ; FRA:BDD) Mt. Thirsty begin. Creasy appears to be betting on Galileo Mining's Callisto polymetallic discovery continuing south on the JV property. Galileo made its discovery in May this year just 200 meters north of the Mt Thirsty Joint Venture property line. + +https://preview.redd.it/daoyb57tj6f91.jpg?width=1320&format=pjpg&auto=webp&s=d1ba56539254a602c1a279aa94343e18c5c70fe6 + +An initial assessment of the Callisto results by Galileo indicates similarities in style of mineralization to the Platreef deposits on the northern edge of the Bushveld complex in South Africa. Galileo's price has more than quintupled since then. Creasy has since increased its stake in Galileo to 26.21 percent. + +&#x200B; + +In the past, the focus of exploration focused on more shallow drilling: Therefore, only 3.5% of the boreholes were deeper than 100 meters Historical exploration at Mt. Thirsty has focused on near-surface, oxide nickel-cobalt mineralization. In fact, of more than 700 holes that experts re-evaluated, only 3.5 percent were drilled deeper than 100 meters. Galileo's discovery hole hit at 144 meters. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I know, I know. Time in the market. Leverage lead far more intelligent individuals that I'll ever be to their demise. Plus you don't play casino games with groceries money. I know. + +But hear me out. + +I'm young (30 years old). +I'm a home owner (ltv<60%, fixed interest for a further half decade). +I got a good paying, stable job in a stable industry in a Fortune 500 company (making just above mean UK salary living in NI country side where life is cheap). +No kids, no plan on ever having any, SO is on board with that. She's got a good situation too. +Rainy day fund slowly building up, above 3 months net expenses now. +Not coming from a wealthy background, but my family could support me if I were in a difficult situation. +Credit score is impeccable, never missed a payment in my life. + +Long story short, I've had lots of luck in my life, am doing okay financially, and feel like I could do with more risk-taking. I'm starting to struggle pushing away thoughts of borrowing money now to get a bit of a head start, and would like people with more experience to tell me what they think about the idea. + +Any advice appreciated ! + +(Edit for clarity : while there's no clear plan yet, I'm obviously talking more 'short-term low-interest loan to buy ETFs' and less 'payday loan to buy NFTs', thought that might be worth saying) +(Second edit : thanks a million for all your comments folks, I'm learning a lot and that was the aim of the game. Just to underline again, I'm talking borrowing a few thousands to buy interest-paying dividends here, not raising equity in my house to go option trading or crypto-stacking) +Hello all, I'm 19 and I'm about to ship out to San Diego next week for UMSC boot. I honestly have no clue on what I should be doing with my finances. I come from a family who's in serious debt and I don't want to follow in their footsteps. + +Id like to learn how to invest for the long term, short term, and manage my savings/investments wisely. Where do I start? + +EDIT: thank you all for the wonderful advice, I'll be sure to use this information to set myself up for success! +Forgive my naive and ignorant questions, my field is far from finance/economy. I am considering taking a loan of around 50k euro for an apartment adaptation. For reference, my yearly paycheck is 10k e. The purpose of an apartment is to rent during the summer holidays. I am expecting a yearly return of around 10k e if everything goes well. If I could get a fixed interest rate (let's say 4%), and considering current and ongoing inflation of cca 8%, is it smarter to take the loan with a return over a longer period (perhaps 15-20 years) and reinvest the rest of earned money, or to pay back the loan as soon as possible? I don't even know is it possible to have a fixed interest rate for a longer period +Hello, my first time posting here. I did a search but couldn't find a concrete answer. + +I have €20K in EUR in my Portugal account. I need it in USD in my USA account. + +I simulated in Wise and it says it would be $20.948,97 + +I also simulated in Revolut (but I don't have the funds there) and it says it would result in $21.161,85 + +I'm tempted to do Revolut but I don't know if they charge hidden fees. I have the free account. + +Even if I upgrade to the Premium Revolut account, it would still compensate over the Wise offer. + +Does anyone know any more advantageous way of doing this operation? + +Thanks in advanced. +8%/$9K of my salary 21/22FY went to HECS + 5%/$6K CPI was applied. With CPI projected to hit 7.7% EOY, $8.5K will be added to my HECS this FY. I will contribute the same amount as last FY ($9K) but only be able to wipe $500. This is also effecting my borrowing ability for a home loan etc. +Anyone have tips on how to tackle this… I.e. is it worth writing to a minister? + +Thanks! +Just want to know if all the people saying to stock up now might be onto something. Saw someone else saying a can of beans is going to be $15 by the end of 2023.. scary thought for sure. Crime will go up if that happens. +I'm 25 years old with absolutely no debt. I work a full-time minimum wage job at $9 an hour. I first started saving to have an emergency fund, but I got used to putting away whatever I could afford into my savings account and now i'm interested in seeing what more I could do to make my money grow? My goal is to buy a house one day. +Hello Reddit, + +Attached is a snippet of the private money loan that we got from a family friend. This is for 100% financing and my partner and I will be fronting the repair cost. I know this is higher then what we could get through a hard money lender, but we went this route for the ease and not having any closing cost etc. The purchase price is 187k with an ARV of 350k. What y’all think ? + +Contract reads as : + +The purpose of this Agreement is to finance the +Borrower's purchase of +on July 28, 2022 (the "property"). The Lenders +Will loan $187,000.00 to the Borrower on that date. Borrower will repay the principle plus 10% of the principle in interest, that is, $205,700.00 total ($187,000 plus 18,700) six months after the closing, that is, by + +December 28, 2022. Though Borrower has the right to pay +earlier, the payment will remain the same ($205,700.00) +For every additional month, past six months, that the +Borrower has not repaid the loan, Borrower will pay +Lenders an additional 1% in interest ($1,870.00) per +additional month, that is, an additional 1% in the seventh +month; an additional 2% in the eighth month; an additional +3% in the ninth month; an additional 4% in the tenth +month; an additional 5% in the eleventh month; and an +additional 6% in the twelfth month. For clarity, if repaid at +the end of the twelfth month, the total amount repaid will +be the principle of $187,000 plus $29,920 ($18,700 plus +$11,200) in interest for a total of $216,920. +After six months, if payment is made during an additional +month, that is, during a partial month, the additional 1% in +interest for that month will be prorated. +Hey guys, I hear about the agreement of GDNP while doing my dd and as a complete noob I'm asking that question: is that a good thing or not? +I'm really not sure what to think abour it, maybe I need some explanations about the agreement from you. +How much do I need to get $3k-$4k per month? What stocks do you recommend to get that? I am happy to get assigned some good stocks which I can wheel for years. + +Edit : Just checked monthly premiums delta around 0.24 +AMD $230 (1 contract) +SQ $290 (1 contract) +Tqqq $200 (2 contracts) + +For $14400. If we do it x5 we need $72000. Comments/suggestions appreciated +TL;DR: Attempt to get consecutive accounts failed. Evidence supports the checksum theory. + +You may remember my [previous post](https://www.reddit.com/r/Superstonk/comments/q1b2bk/we_have_a_long_road_ahead_computershare_accounts/) regarding calling ComputerShare to try and get confirmation of consecutive accounts existing. If you didn't read it, the phone rep couldn't find a valid account within 8 numbers of my account. I hypothesized that we may be off by a factor of 10x when relating the high score to the number of accounts. Some apes speculated the last digit could be a check digit. As I said in that post, I've been trying other means to figure this out and one of them was attempting a simultaneous buy to see what numbers would result. + +**What I did** + +Last Wednesday, 9/29, I opened two browser windows, logged into my CS account and initiated a new purchase. When doing that you can choose to have it open a new account, or add to your existing. I opened new accounts. I filled out two orders for $35 and $40 to make sure neither CS nor my bank saw it as a duplicate transaction. With the windows side-by-side I submitted them within a second of each other. Click - Click. + +**What Happened Next** + +I received two confirmation numbers for the transactions. They seemed specific to GME and were 6 numbers apart. Despite my quick clicking, they registered in CS's system as being 6 seconds apart: https://imgur.com/a/5stDN8E + +"Did 5 other apes really buy in between my mouse clicks?" I wondered at the time. Maybe? Or maybe confirmation numbers aren't consecutive. Interestingly, both numbers end in 9X so I think we can safely say the last digit is not a check/parity digit when it comes to purchase confirmation numbers. Then I waited... + +**CS Account Numbers** + +The fractional shares purchased Tuesday morning for $172.1391/share. This morning the shares settled and showed up in my account with their new account numbers: +https://imgur.com/a/3Rj39DV + +Alright, what do we have here... exactly what I was afraid of. The redacted digits match, but the numbers aren't consecutive. The tens digit is though and for both numbers they do pass the Mod11 test from user u/AdequateArmadillo as [posted here](https://www.reddit.com/r/Superstonk/comments/q2w98c/drs_reality_check_the_news_you_did_not_want_but/). + +Also of note, there is another number on each statement 000477 and 000478 which are obviously consecutive. Are these statement numbers? Are they a counting of each letter written that day? As they are consecutive that indicates to me the strong possibility that these two accounts are "consecutive" in the CS system, though not consecutive in account number. I reached out to CS through chat about the statement numbers, but all I could get was that they were a "system-generated number." + +**What do we know** + +No speculation here, just what we know: + +* Since the gap in confirmation numbers was 6 and the gap in account numbers is 8 there is not a 1 to 1 relationship between account numbers and confirmation numbers. +* My account numbers match the high score range on the day the shares were purchased, and are lower than last night's high score. I think it is safe to say account numbers are generated on the day of share purchase while transferred shares have their account number generated on the day the shares hit CS. + +**Now I will Speculate** + +I would guess that each high score winner to date has been an account created via transfer. Perhaps u/stopfuckingwithme or any of the winners can confirm this? I think the theory that account numbers are created at share purchase and at receipt of transferred shares explains the question of why some users are finding their account numbers to be well below even the previous day’s high score. + +Is it possible that 7 apes managed to buy/transfer shares into CS between my button clicks? Yes, absolutely. Is it possible that CS doesn't assign account numbers for share purchases based on order received, but rather does them randomly? Yes, absolutely. Is it still possible that account numbers are sequential and consecutive. Yes, absolutely. + +**I don't think we KNOW anything new.** I will say this, personally, I think this strongly supports the check-sum theory. The fact that my two statements have consecutive "system-generated numbers" leads me to believe these letters were generated in sequence. + +I now have 3 accounts. All 3 pass the MOD11 test. Now, if account numbers were consecutive, obviously 10% would still pass the test. The odds of me having 3 such account numbers is 0.1%. Unlikely but possible. + +**Why does this matter?** + +I think we should accept the - *to me* - very likely possibility that the High Score is 10x the total number of accounts. But ask yourself this. If the High Score posts never happened, and we had no idea how many people directly registered, and I made a post saying we have 45,000 new accounts in under 2 months, would you be hyped? I would. From other posts it's reasonable to assume there are about the same amount of DRS requests still in the queue at TD. Fidelity is still doing 2000 DRS a day. The High Score meter still is very likely telling us that the number of accounts created each day is increasing. This is big. + +Momentum is still increasing. More apes every day are deciding to directly own their shares. It will likely take longer than we initially thought to register the float. But that's ok, this whole thing has taken longer than we thought. Not financial advice, but for me - this makes me realize moving even more of my shares to ComputerShare is the right thing to do. I like the stock and I like it even more when it's directly registered. + +Footnote: I know that u/kilsekddd is also running this same experiment. I look forward to comparing results when their shares settle next week. + +**Edit:** I looked further, my payment instruction documents are also consecutive: https://imgur.com/a/OolrI0w + +Just another possible data point to support that these transactions were consecutive in the CS system. Does this mean that 2000 people did direct buys by 7PM on the 29th? That would be very interesting. If there's interest in trying to collect these letter numbers for different types and different dates I would be very interested in helping with that effort. +For some reason, our mortgage botched it up and did not pay our home insurance premium and property taxes. I only found out when we received a delinquent tax notice. + +Long story short, I was not happy and requested they cover the tax penalty as well as reduce our next month's mortgage bill by $100 (the same amount they would have charged us if we paid our mortgage late). + +Surprisingly, they agreed to both :) + +--- + +**Edited to add:** This is in US. The company is sending me a check for $100. The mortgage payments stay the same. I am free to use the $100 to pay down extra principal or use it elsewhere. + +**Tip:** +I've learned that the more formal and legal you sound in an email, the more intimidating it becomes. Even though I didn't threaten legal action, I threw in words that sound legal (ex. As per our contract signed MM/DD/YY, paragraph 3 stipulates etc. etc.) + +I was also very thorough in my request. I attached as many relevant documents as possible and researched everything. + +**Some consumer law resources Redditors have shared** to make your case stronger + +https://www.consumerfinance.gov/rules-policy/regulations/1024/30/ + +https://www.nclc.org/pfiles/michigan/Mortgage-Servicing-Claims-Chart.pdf + +https://www.govinfo.gov/app/details/USCODE-2011-title12/USCODE-2011-title12-chap27-sec2605 + +--- + +Thanks for the awards but this is r/personalfinance man... Put it in your VTSAX. +Hello WSB, this is my first official post, but I'm very proud to see how we have all HODL together really strong. + +I have been in GME since 30 Oct 2019 with an additional 1670 shares on 29 May 2020 and I wish I could take a screenshot to prove my words, but my custodian account does not allow any screenshots out of "security" reasons. I currently hold over 6 digits of value in GME and I hope to reach my 7 digits and possibly 8. After what happened today, my 7 digits is certain, 8 digits possible. With more crayons maybe I'll reach 9. + +That being said I like to share and encourage with everyone why this nosedive drop we seen today is actually the BEST affirmation we really need. + +There's been wonderful DD that the Short interest are still extremely high and that the data in FINRA is entirely unreliable. Let's be honest, before what happened today, no matter how certain we are, we weren't 100% sure. + +I'm an expert in Chinese history, and I'll quote Sun Tzu, the famed author recognised for writing the Art of War over 2000 years ago. + +“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” + +Truth is we never really knew what the hedges were up to and this week was really fishy, with the absence of obvious short ladders and peaceful markets. Other than occasional dips everyday after reaching a peak, we couldn't tell much. Some people have speculated that maybe the hedges were buying calls in order to reduce their risks, but I think we can all agree now that there is a good possibility that the dips we've been seeing the last few days are just a test for hedges to see how much the price can be affected. + +And let's be honest with ourselves, that was a coordinated attack. I have no idea how long they have planned that, but looking from what we've seen, it's definitely a lot of time. At that scale it's not possible for 1 or 2 hedge funds to pull this off by themselves. And YET!! This is where we recovered strong. + +So what this means is this. The hedges are panicking. They are worried. And they have proven that the shorts *HAVE NOT BEEN COVERED*. If they have been covered to the large extent they claimed to, today's coordinated attack wouldn't have happened. + +Not just did they admit with their actions that they are fearing us, they also basically highlighted to us what stocks they are all massively shorting. AMC, KOSS, NOK, BB all are in this together with us GME Army! + +You know it's like Harry Potter, where Voldemort basically handed the weapons to Harry by his own hands. + +Based on Chinese History, there's this clever strategist Sun Tzu. For him before he executes any clever maneuvers for war, he will always test them first. If the hedges we are up against are the same smooth brain people like Sun Tzu, this fall is only a test. But it's costly to them and we have held strong. With the current prices, supposing they did buy some shares to cover their losses, all those buys from 180 to 250 are all gone. Now they are forced to buy shares above 260 and its only going to cost them even more. Much better for us. + +Fellow apes, they are really afraid of our gamma squeeze this week and next week. + +Now... We strike back, by doing NOTHING! + +Edit: +[to the skeptics who need proof for everything](https://imgur.com/a/aTaF8j6) + +I obviously have better things than to post everything on social media like a attention seeking person. I'm a retarded ape not a peacock. Your tongues will wag too no matter what even if my picture has shown my platform to be ancient. But that's nothing to do with my investing preferences. + +For you skeptics who need proof for everything and choose to always doubt and flake, here it is. "A confident man does not live for the applause and approval of the non-worthy". Your skeptical outlook has only said to me that you clearly did not see Gamestop for what it really was earlier on, and even if DFV's DD was shown to you in those days, you were a late adopter. It has also shown me that you have the paper hands tendency when you don't see potential and when the going gets tough. + +I thought I have surpassed and ignored most silly comments, but thanks to the 1% of negative words, you have helped me see I still react to silly nonsense and it's something I need to change in myself. You are a Hyena and this is a community of apes. Reflect on yourselves. +It’s early in the morning here (west coast) and I am marvelling at the masterful strategy game RC is playing. + +Yesterday night, Ryan posts a tweet quote: “The best time to be alive in human history is now.” + +When you google “the best time to be alive in human history?”, it says RENAISSANCE ITALY. It is my speculation he is saying we are about to experience another Renaissance of human creation, even better than the last. + +With a full NFT Marketplace launch, GameStop will launch it’s large partnerships. The utility of NFTs being more than just jpgs will come out in full display with CyberCrew NFTs at the top showing just small portion of the potential of NFTs leading the creator market. It serves as a great example of what creators now have the ability to use NFTs for. Creators will flood to the market to submit and we will experience a new Digital Renaissance. + +Today is also the day that US GDP numbers will come out as well. It will be hard to deny we are now in a recession and the markets may be BLEEDING red. Don’t forget the 75 basis point hike today (market green LOL bulltrap?) + +GME just split their stock via splidividend and in the last few days, millions of shares more than the volume traded that day were borrowed out of thin air and disappeared? Where would they go? Perhaps, to cover the shares needed to cover the splividend. + +So now we have passed the splividend and nothing has happened yet, but it was a huge victory for RC because now he has evidence for court. They will know which brokers were not sent real shares. + +The NFT marketplace was just spotted to have a “Injected” option added under “Connect Wallet”. Credit to u/m1ndbl0wn for linking this: [https://docs.blocknative.com/onboard/injected-wallets](https://docs.blocknative.com/onboard/injected-wallets). To summarize, this feature will allow for most mainstream cryptowallets to connect to the marketplace. + +Additional to this, we have GMERICA trademark clearing today. I’m not saying tomorrow is today or anything but I’m feeling good. RC has them squeezed between 4 walls and he is about to drop the hammer. + +And if I’m wrong, it doesn’t matter because this is the most asymmetric risk opportunity in history. + +Also… what’s going on with BlockBuster and Sears anyway??? + +edit: grammar +https://medium.com/@Alex_Amsel/thoughts-on-the-dao-security-proposal-6726e87ea650#.oigx555yk + +I agree with almost everything author writes (except the part about the proposal being made in good faith) +For months capital one has been sending me a credit card application saying they would approve me if I fill it out. The credit card seemed to be a pretty good deal when I read all the information about it. I'm 23 and I do not currently have a credit card, though I've had one in the past. I figured i should get another credit card to boost my credit score. Couldn't hurt. I finally signed up for the card and I got denied, yet they still keep sending me more and more applications month after month. + +Does anyone know why they could be doing this? +Throwaway just in case. And sorry if this type of post isn't allowed, I just needed to get it off my chest. + +So my brother's car was recently written off in an accident that wasn't his fault and he's waiting on hearing from his insurance how much he'll get for the car. + +He's therefore in need of a new car. He messaged me yesterday asking to borrow £3k for a deposit on a car he wants to get on finance, and that he will pay me back whenever he gets the money for the written off car (the value of which is still unknown, btw. He's said he will give me that and anything he still owes to me he will pay back in 6 months time once he's paid off a holiday he's booked!!!!) + +It just pisses me off that he spends so irresponsibly. Holidays abroad, home improvements, takeaways, days out every single weekend, weekend getaways with his wife every few months. And then when something like this happens, it's always me that has to pick up the bill (even if it's only temporarily). It's as if he just continues like he does because he knows if he fucks up he's got me to come in and save the day. + +I've tried to impart advice to him but it's obviously fallen on deaf ears because he has absolutely no savings. + +It isn't just my brother either, my mum and aunts/uncles are frequently borrowing off me, 20 here, 30 there. To me, £20/30 is nothing so I end up caving in and lending it to them. They pay it back whenever they next get money but the cycle just repeats. + +Am I being unfair here? I'm getting fucking sick of acting as the family bank when something goes wrong or when they fuck up and use me as their back up plan. I always get the money back but I just feel like I'm being punished for being sensible with money. Has anyone else experienced this? How do you deal with it? +I've only been in the space since 2013, but I did weather the bitcoin ice age between 2013 and 2015, where the price didn't budge beyond 350, and fell to a low of around 170 at one point. Back then, this was due to ONE exchange, that represented somewhere around 80% of all trading volume, going bust. + +Today, we see from the metrics, there are perhaps 12 million users of bitcoin, with only perhaps 2 million or so people who own anything more than a few hundred dollars worth. The CME and the CBOE represent utterly gigantic trading volumes. While those of us in this space have a decidedly libertarian/anarchist bend, there is no denying that establishment entities are where the money is at the moment, and in order to change that, you need to get in bed with swamp creatures every once in a while, slowly pull those swamp creatures out of the mud, and/or out them for who and what they are. The CME and the CBOE are not generally occupied by horrible people, only those who toe the establishment line for fear of losing large sums of money if they do otherwise. + +All that being said: BE PREPARED FOR VOLATILITY WHEN THE CME STARTS FUTURES TRADING BITCOIN. But also be prepared for an EXPLOSION in volume. This means, huge swings in the price are possible, but GIGANTIC movements upwards will become even more the norm than it already is. This means, not hundred-dollar swings per day, or even hour; not thousand-dollar swings per day, or even hour; but perhaps 3, 4, 5-thousand-dollar swings in hours. The gigantic uptick in volume we have seen in the recent weeks may only be a tiny sliver of what is to come. From 10 billion volume peak to perhaps 50 billion volume peak. In one day, we could see the price fluctuate from 17000, up to 25000, then down to 15000. + +What does this mean? It means bitcoin is edging into the hearts and minds of the general public. This COMPLETELY DEPENDS ON A STRONG BITCOIN COMMUNITY. Do not be disheartened if the price dips dramatically. Don't give up on your hodlings. + +Remember why we're in this space at all: for freedom. No more endless wars funded by unaccountable central banks that operate in complete secrecy, siphoning the wealth of an unaware populace while simultaneously sending them to their deaths on the battlefield. + +You are all the early adopters, and you are about to find out just what that means. Stay strong, you're not alone. + +And... HODL. +(* In my opinion...) + +(** WARNING: Long Post!!!) + +--- + +**TL;DR:** Set up three accounts: Expenses, Savings, and Flex. Expenses are bills (on auto-pay), Savings is whatever you want to save, and Flex is your paycheck-to-paycheck spending money. :) + +# Background + +I personally feel like budgeting has a bad reputation. It's a scary word that conjures images of Ramen noodles, coin counting, and file cabinets swelling with paper receipts of every KitKat™ and pair of socks you bought over the past 15 months. + +It doesn't have to be this way. It shouldn't be scary. It isn't! In fact, budgeting can be fun and *incredibly* relieving once you start seeing the numbers laid out before you in an organized fashion. + +First off, I have seen this method written about, blogged about, podcasted about, and Youtubed about many times before, so I do not claim to be the author or inventor of this method of budgeting. + +However, I did accidentally start budgeting this way and only after-the-fact discovered that what I was doing was a common way of budgeting! + +# The Philosophy + +In the simplest of terms, your money can be looked at in three ways: + +**1. Money for Expenses** + +**2. Money for Saving** + +**3. Money for Everything Else** + +That's it. Three lenses through which you should always look at your hard-earned money. + +### **1. Money for Expenses** + +Henceforth referred to as *Expenses*, this is all money that is spent on a recurring basis. + +It is important to note that for your financial protection, you should consider two types of expenses: *Monthly Expenses* and *Irregular Expenses*. + +#### - Monthly Expenses + +Monthly Expenses are billed every month. This is the most common type of expense. Two oft forgotten expenses are **debts** and **loans**. You should not treat these any differently than you do paying rent or paying for Netflix. The more you treat paying off that credit card balance as a monthly expense, the fast you'll have it paid off! + +Examples of monthly expenses are: + +* Rent or Mortgage +* Utilities +* Car Payment +* Insurance +* Internet and TV +* Cell Phone +* Debts and Loans +* Netflix/Hulu/HBO/Cinemax +* Spotify/Apple Music + +#### - Irregular Expenses + +Irregular Expenses are billed at different recurring intervals such as every three months, once a year, or once every two years. I've been burned too many times forgetting to budget for car registration only to be hit with an unexpected $150 registration fee that has to come out of my vacation fund or my emergency savings fund. Not good. It's best to budget for these types of expenses so that you're never surprised. Depending on the amount and interval, it will likely only be a couple dollars from each paycheck, so you'll barely notice a difference. + +Examples of irregular expenses are: + +* Car Registration (once a year) +* New Tires (about every two years) +* Oil Changes (for me, roughly every three to four months) +* Certain Print Subscriptions (quarterly or once a year) + +Calculate your monthly and irregular expenses into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to cover all of your bills. You already put them on auto-pay, right???? + +### **2. Money for Saving** + +Henceforth referred to as *Savings*, this is all money that you lock away in a savings account, only to be spent in an emergency, or toward the intended goal. + +Everyone already knows that you should have at least $1,000.00 put away into an emergency fund. If you didn't, then it's never too late to start saving! + +This, however, doesn't have to be (and probably shouldn't be!) your only savings goal. I have several personal savings goals that are divided out in a spreadsheet. For simplicity, I use percentages, but you could use dollar amounts, as long as you calculate the per-paycheck amount. + +Example savings goals are: + +* Emergency Fund +* Personal Fund (vacations, new computer, etc.) +* Investing +* Charity/Giving + +As with your expenses, sum together all of your savings goals into a single, per-paycheck value, and this represents the amount you have to save every single time you get paid in order to meet your goals. + +### **3. Money for Everything Else** + +It's been four months since you've even looked in your Expenses checking account since everything is on auto-pay and you know exactly how much money you need to save per paycheck to cover your bills. It's pretty freeing to never worry about forgetting a bill and being charged a late fee. (Note: You really should keep an eye on this a couple times a month just to make sure auto-pay did it's job correctly. If you change addresses or close/open bill accounts, then you'll want to monitor to make sure things don't go awry.) + +Your savings account is getting larger and larger, and you're becoming more and more protective of what money is in there. *"I have $5,822.46 in there now...I can get to $10,000.00 by the end of the year if I keep this up!"* + +So what about the leftover money from your paycheck? Money that isn't for bills or savings? This money shall henceforth be referred to as your *Flex* money. + +Flex money is similar to the envelope system in that it has no restrictions whatsoever. Use it for groceries. Go get a haircut. Buy those new shoes you want. Get another pint of your favorite IPA with that guy you just met on Tinder. + +Spend it on whatever you want. + +### **BUT...** + +Once it's gone...well...it's gone. You see, I've attempted micro-budgeting in the past wherein I set precise allowances for groceries, movies, barhopping, restaurants, new clothes, etc. The problem is it's never so cut-and-dry. Sometimes I would go two weeks cooking every single night...other times I wouldn't dirty a plate and go to restaurants every night with friends. + +The key, I found, was not setting restrictions categorically, but rather as a whole. Budgeting can (and should be) much more agile because as much as we might think we are, we are not creatures of habit. Things change. It's easier to adapt when you see your Flex account dropping: *$100*...*$56*...*$12*...**PAYCHECK!** + +After the first month or two budgeting this way, you'll develop a rhythm and cadence for your spending, and be good at watching your Flex account to make subtle changes in your spending. + +For example, I get paid this coming Friday. As of now, I have $18.00 left in my Flex account. I know that in order to avoid dipping into my savings accounts that I have to be careful how I spend my money between now and Friday. Technically I *could* dip into my vacation budget, but then I'll have to make up for it later. + +--- + +So that's it! A long post to describe a simple way of budgeting. I have seen it work for people like me (26 year-old, single Male) **AND** married families with multiple kids. It's just a matter of scale. + +### If you made it this far, you deserve to download my budgeting spreadsheet that should help you figure out your three budgetary divisions (Expenses, Savings, Flex). + +### [XLSX - Download this one if you have the newer version of Excel](https://www.dropbox.com/s/sscqk4zl91eklja/Budgeting%20101.xlsx?dl=0) + +### [XLS - Download this one if you have an older version of Excel](https://www.dropbox.com/s/qnx1zp6fmdi8apl/Budgeting%20101%20-%20Older%20Version%20of%20Excel.xls?dl=0) + +Definitely open it in Excel instead of viewing/editing it in a browser. Looks much cleaner in Excel. + +**NOTE:** Tables in the spreadsheet assume semi-monthly paychecks (24 total per year) because I'm paid on the 15th and 30th. If you are paid bi-weekly (26 paychecks per year) or at any other interval, you'll have to adjust the formulas in the semi-monthly column to reflect per-paycheck amounts. +Hello everyone reading this. If you've been reading my past DD, (all linked below in chronological order) then you'd know I've been diving deep into Steve Cohen. Today is a new day, and I am looking into something else this time. The Steven Cohen connections is done for now. I am going to be talking about the naked Short selling committed by the big banks, specifically Goldman Sachs. + +[Very embarressing.](https://preview.redd.it/4650modv30w61.jpg?width=1358&format=pjpg&auto=webp&s=b3c3d6e5430bb12b41b3ecea34c76230769b7f7c) + +If you've read my past DD, then in [**this one**](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) you might recall how I mentioned Leaked emails confirming that banks *were* in fact naked shorting companies, specifically Overstock. Goldman Sachs was one of those banks. [Source for above screenshot](https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/) + +I'll just quote the part where I talk about the leaked emails to save time: + +[Has to just be a clickbait headline... right?](https://preview.redd.it/ay0ado7x30w61.jpg?width=1800&format=pjpg&auto=webp&s=59d6abdb936d06eef153d48d6e5cf4cc7a493be1) + +>You read that right. During a discovery period where emails were handed over to Overstock, they accidently didn't redact some important parts, namely some dirt about naked short-selling. + +[ not looking too good](https://preview.redd.it/p990ogoy30w61.jpg?width=992&format=pjpg&auto=webp&s=156c309d3f6393cfa7dc1fdb9c36cdc79254ce3d) + +>Emails reveal that they talked about how to make certain "fails" happen. They disregarded the procedures, and told their clients that they could do the same. + +[subtle ](https://preview.redd.it/8u079gp040w61.jpg?width=965&format=pjpg&auto=webp&s=b53a8358c3071469bc2990107afd6d80e5abed5e) + +>Literally just confirmed that they wanted to fail the stocks without borrowing any shares. [source](https://www.businessinsider.com/incredible-lawyers-for-goldman-merrill-and-morgan-stanley-accidentally-leaked-e-mails-that-show-their-clients-were-naked-short-selling-overstockcom-2012-5) + +So that's that. If you want to get into it more, read the original DD. + +We're talking about Goldman Sachs now. + +[only millions ](https://preview.redd.it/5otes1t340w61.jpg?width=1695&format=pjpg&auto=webp&s=c4efeeab04c84eb4b3f68c5eb689a8905bd64ab3) + +In 2018, South Korea leveed the biggest ever fine on Goldman Sachs for naked short selling. Despite being a record, it was only $6.65 million, a fraction of what Goldman makes annually. + +[reasoning](https://preview.redd.it/7scoiwc540w61.jpg?width=1077&format=pjpg&auto=webp&s=322fe8a92a9aa446b5e9495500c7c74e7abddbc6) + +Most of the fine was for participating in naked shorting + +[reasoning](https://preview.redd.it/0r71r11740w61.jpg?width=1037&format=pjpg&auto=webp&s=beecab133b549fb2dbbfea7a8c41111ac60e8148) + +The rest of the fine was for failing to report the net balance of short selling. + +[You kidding?](https://preview.redd.it/epknhrn840w61.jpg?width=1060&format=pjpg&auto=webp&s=d127010e45696f99ce297fd65fa4049adedef04b) + +They were left off the hook because the naked short selling only happened on accident, apparently. They couldn't confirm that there was any intentional market manipulation. This might remind you of [**my final Steve Cohen DD**](https://www.reddit.com/r/Superstonk/comments/mzwt3z/how_the_us_let_the_biggest_insidertrading_scheme/)**,** when I showed how he and his managers got off because they were reportedly unaware that the information they were using came from an insider. All this, and yet Goldman Sachs ended up illegally trading over 150 items. [Source for above screenshots](http://www.businesskorea.co.kr/news/articleView.html?idxno=26998) + +Guess what happens when you let them off the hook... + +[repetition](https://preview.redd.it/35z7qxca40w61.jpg?width=975&format=pjpg&auto=webp&s=3855c938b6305753963cfb0e63e34c65a0ef8c9c) + +It happened again... actually 3 times in total. That time they got fined 6.65 million was actually their second time getting caught. In 2015 they were only given a warning (worked out great). Less than even half a year after the fine, it happened again. + +[Even less](https://preview.redd.it/8c3194jb40w61.jpg?width=1422&format=pjpg&auto=webp&s=0a4175a1697f79b454f86937695f0018e2189411) + +They got caught a third time, and got a lesser punishment than their second. Only 63 thousand dollars. + +[Same excuse](https://preview.redd.it/fykiz5tc40w61.jpg?width=931&format=pjpg&auto=webp&s=3196d3c637de5c91680804247e9ed61a1c3e17bd) + +And just like last time, they said it was some individual's fault, rather than the company as a whole. And of course, the excuse is accepted. [Source](http://www.koreaherald.com/view.php?ud=20190409000675) + +Now obviously Goldman isn't alone in this fraudulent business. + +[cooperate America](https://preview.redd.it/gsxotz9e40w61.jpg?width=1261&format=pjpg&auto=webp&s=f488e899a9e34683d17dc1b7f51c3b21b9938489) + +No way... The DTCC, one of the biggest aspects of the financial world, is owned by the financial instructions themselves, like Goldman Sachs, JPMorgan, and Citi? Wouldn't that give them unlimited power? [Source](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +Lets see what the DTCC actually is before jumping to conclusions. Could just be one article making assumptions after all. + +[Jesus Christ](https://preview.redd.it/1ghdkajf40w61.jpg?width=2470&format=pjpg&auto=webp&s=6110f7479756f29b1ebdc3c528773f7a975e8d06) + +The DTCC is in charge of exchanging $1.7 quadrillion? It actually owns all our shares? Its behind the majority of the United States' security exchanges? Well, surely something as important to the market is heavily regulated and created for the sole purpose of- wait... does that say... + +[Company....](https://preview.redd.it/ocj3reah40w61.jpg?width=556&format=pjpg&auto=webp&s=bf61ffdd8fe15327e335aaab914c12cbc0b18cb2) + +The DTCC isn't part of the government, or even an independent department, its a private company. It's managed entirely by the big banks, hedge funds, and any other major financial institution. [Source](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation) + +Well now, that sure is a bummer but that other article was making it look like a conspiracy between the U.S. government and the big companies to rig the market. We should focus on the DTCC some more, and see what we find before coming to a conclusion as extreme as that. + +[Oh wow](https://preview.redd.it/4tlzmyfi40w61.jpg?width=2911&format=pjpg&auto=webp&s=05fcf0c70e0339fe095bfdfe58363d1054c46424) + +All this info, just on the Wikipedia page. The DTCC and SEC being too secretive on their knowledge of naked short selling. The DTCC using the same Goldman sachs excuse of "not my problem, just some of my clients/employees." Clearly the government is not doing enough, with all lawsuits being dismissed and no hearing on the issue being called despite being "serious enough' to warrant a hearing." [Source](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Controversies) + +Now maybe going back to that article wouldn't be so bad. Seems as though they weren't just making things up for content, regardless of "conspiracy" or not. + +[Goddamn it](https://preview.redd.it/baoeh2lj40w61.jpg?width=1253&format=pjpg&auto=webp&s=acd25a222588bec7a996144dbec3dd4fd72e4d5c) + +As per usual, a solution is presented but ignored. The DTCC, of course being dominated by the big banks rather than our civil servants, simply had the proposal gotten rid of. Should I even have to prove this article as having merit this time? It's directly quoting a book. [Same source](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) + +That is it for now, just the beginning of a new DD series. Stay tuned, might look into another bank and their connection to DTCC next. + +**------------------------------------------------------------------ First 3 DD (learning to write DD)** + +1. [First post explaining the Panama and Paradise papers](https://www.reddit.com/r/Superstonk/comments/mx8chw/has_there_been_any_look_at_the_possible/) +2. [Second post poking fun at the financial institutions that spent years dodging taxes to save money, lose a bunch of money from the Archegos fallout](https://www.reddit.com/r/Superstonk/comments/mx9zfr/all_the_financial_institutions_getting_hurt_by/) +3. [explaining how hedge funds evade taxes](https://www.reddit.com/r/Superstonk/comments/mxf8qo/how_hedge_funds_evaded_taxes_using_the_panama/) + +**------------------------------------------------------------------ How Overstock survived Naked Short selling** + +1. [Overstock naked shorted like Gamest](https://www.reddit.com/r/Superstonk/comments/mygd7q/overstock_went_through_the_same_naked_shorting_as/)[op lawsuits, blockchain, and crypto to fight back](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) +2. [Leaked wallstreet lawyers' emails](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) (second half of DD, info found at the same time) + +**------------------------------------------------------------------ Steve Cohen Connections** + +1. [Steve Cohen's connections](https://www.reddit.com/r/Superstonk/comments/my15cd/who_steve_cohen_is_and_how_deep_hes_connected_to/) +2. [Steve Cohen Insider trading and media control](https://www.reddit.com/r/Superstonk/comments/mylo06/leaked_wallstreet_lawyers_emails_from_2012/) (First half of DD, info found at the same time) +3. [How Melvin connects Ken griffin and Steve Cohen through insider trading](https://www.reddit.com/r/Superstonk/comments/mzbmbh/multibillionaire_hedge_fund_manager_steve_cohens/) +4. [Investigative Journalist Matthew Goldstein and why he could be helpful](https://www.reddit.com/r/Superstonk/comments/mzk18b/why_investigative_journalist_matthew_goldstein/) +5. ["the biggest insider-trading scheme in history"](https://www.reddit.com/r/Superstonk/comments/mzwt3z/how_the_us_let_the_biggest_insidertrading_scheme/) +I'm fairly new in the crypto world, bought most of my portfolio at the ATH of November and I'm now stuck with an ever shrinking crypto account. I'm also new to investment in general, so when I learned about bull and bear markets last year, I thought I understood what they meant. Bull is when people are hopeful and numbers go up. Bear is when people are fearful and numbers go down. But people here keep saying we are not in a bear market. When the market goes down everyday for months, what is it then? +A close family member has been diagnosed within an 80% certainty of PLS, which I read as 50-50 possibly of becoming ALS. + +There’s probably a more subtle way of putting this. I’ll just say it directly since either way you cut it this is an ugly question for an ugly business. I know the adage is wealth can’t buy you health. But, I mean, can it? Are there any clinical studies, procedures offered overseas, etc we can use wealth or spheres of influence to give our loved ones a better chance? + +The bigger question to make this more relevant to the broader community is have you used your money to try to win an un-winnable fight against a disease? +What's driving this, do you think? Bank of Canada on Wednesday probably not going to do anything shockingly new and different. Is it perceived political unrest in the US, even though equities are not reacting? +I was looking at prices out of idle curiosity and it turns out they werent as expensive as I thought they would be (I was kinda expecting £10mil+). + +Does anyone here have experience of living/owning a stately home or a manor house? Would you recommend it to anyone else? What are the pros and cons? +Like a lot of people I probably started on the FIRE path later than I would have liked. Nevertheless, I should be able to reasonably fat-FIRE (depending on your definition of fat) at about 50ish (currently 35). + +Lately I’ve been contemplating an alternative of moving to a different area, with a lower cost of living but also markedly lower earnings potential. It would be a more relaxed way of life, but that step back in earnings would also mean I’d likely end up working longer. + +Curious if other people have made a similar change or if their FIRE priorities have ended up changing as they got older? +Good Morning Apes! + +Looking at a $10 drop in the pre-market today. It makes sense for them to break the pattern of shorting earnings and mix it up by shorting ahead of earnings. Either that, or they are aware of something being said at earnings and are pushing the price down ahead of the action. + +Friday's climb back into close still left us down significantly for the day but there was too much institutional pressure below the EMA 180/200 as the test of that resistance to the downside led to a massive increase in call buying pressure. + +[Last weeks open interest on call options exploded Friday ](https://preview.redd.it/4zi2helkex381.png?width=833&format=png&auto=webp&s=d5c5e59264e7198de9c4d0719fb1a784fc7a414f) + +With a possible earnings beat on the horizon the shorts have pretty good reason to drive the price as low as possible before any announcements. A positive EPS on earnings and continued positive cash flow would indicate a three quarter turnaround for Cohen, an **extremely impressive** feat. It would also bring significant institutional attention. + +Today is T+69 as per u/Dr_Gingerballs theory and he is expecting up to 12 million volume in order to facilitate a forward push of FTDs from price suppression activities. [His DD can be found here](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/?utm_source=share&utm_medium=web2x&context=3). + +Check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +For more information on my futures theory 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... + +**I just got news of an unexpected death in my family and will not be continuing the thread today. I will return tomorrow.** + +Edit 4 12:69 + +LFG ... + +https://preview.redd.it/mw33xddzpy381.png?width=1560&format=png&auto=webp&s=43e3e466c603fb7849b2b0f8e5521835efd0e0eb + +Edit 3 12:39 + +Still fairly flat under VWAP ($167) if FTDs are due on GameStop today it's likely price action will be in the afternoon. Volume at 1.4m. + +https://preview.redd.it/hubevo7bly381.png?width=1558&format=png&auto=webp&s=58011df6c2d38ba4e61ef49b8b661c45a199df25 + +Edit 2 11:30 + +Still staying in the same channel probably in an effort to reduce IV, or at least stagnate it. Volume @ 1.19m + +https://preview.redd.it/xva9y7nl8y381.png?width=1562&format=png&auto=webp&s=9bb8ae7484d2a48972ed191ab7601d15391ccc79 + +Edit 1 10:30 + +After a pretty choppy open GME appears to have broken to the upside volume already approaching 1m is promising for the t+69 thesis + +https://preview.redd.it/6lxknnfzxx381.png?width=1554&format=png&auto=webp&s=1b54ecfee66eaf2ba40072ea7e6175f1a9200533 + +# Pre-Market Analysis + +GME down on 43k pre-market volume 5.05% from Friday's close. + +450,000 shares borrowed from IBKR this morning + +Shares to Borrow: + +IBKR - 150,000 @ 0.6% + +Fidelity - 656,794 @ 0.75% (This also is down significantly from Friday but I am unsure how many were borrowed today in pre-market) + +[GME pre-market on the 1m](https://preview.redd.it/zrbxzsaihx381.png?width=1568&format=png&auto=webp&s=155ba65a2bfe6a7f3cfe29409ea3986dd8961127) + +CV\_VWAP seems to indicate a lot of arbitrage from Friday's drop was made up this morning. Arbitrage almost neutral going into market open. + +https://preview.redd.it/z1tmou0whx381.png?width=2452&format=png&auto=webp&s=ce1fb1c8aa6d165d306b975ac4ff1f1c6c29097a + +**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/) +Crypto.com continues its saga of reducing earn rates by lowering its stablecoin earn rates today. This is the 5th time now in just a few months it has lowered its rates without giving any notice again to its customers. + +It seems even with all the complaints of communication about these changes and not just implementing them with no notice have fallen on deaf ears. + +I wonder how much longer this will continue to keep dropping rates are if they will just skip all this finally and remove their earn program altogether. They have already removed a dozen or so crypto coins from their earn program just a few weeks ago so it wouldn't be unheard of +What are your thoughts on this? + +Definitely not this or next year, but maybe when all currently planned features like Metropolis, PoS, Sharding are implemented and the ecosystem really thrives. I am talking 100x currently active projects, businesses using Ethereum etc. +So I’ll preface by saying I’m new to this. Doing a lot of research now to see if this is something worth pursuing. Ultimately, my goal is to create a stream of positive cash flow. I was thinking to start, I’d look at properties around the $150k mark. Assuming I’d qualify for a 20% down mortgage with a ~3% interest rate, for a property in Memphis TN (just using it as an example to calculate taxes) here are some of the numbers I’m getting from a mortgage calculator: + +Mortgage: $516 +Property Tax: $94 +Homeowner insurance: $233 +HOA Fees (big assumption here since I couldn’t find a way of getting at a good estimate): $100 +PM Fees (since this would be out of state and it dont want to manage): $150 (~10%) +Vacancy: $225 (~15%) +Maintenance: $150 (~10%) + +This would add up to $1,468 a month. Assuming rent on a $150k property is $1,500, this is a positive cash flow of $32. I think I’ve been fairly conservative in a lot of my estimates given what I’ve read, so I think I may have underestimated some of these fees which would probably bring down the cash flow to about 0. + +Am I way off on some of these assumptions and calculations or is this about right? +Also, BB and NOK. + +Fuck hedge funds. Fuck big billionaire clubs. + +We did our DD. We like the stocks. We invest our hard earned money. Money that we saved working from McDonalds and fixing facets as plumber. Hell, my buddy is a dumpster truck driver invested heavily in AMC, BB & NOK and owns 2 shares of GME too purchased at mega top. 350$. We risk our life savings. + +Our bank accounts have 3 digits balance and we still go all in. We risk it all. Retards see the “Loss Porn” flair and you will know. GUH! + +We are going to the moon. 🚀🔥😡 + +And, we will also go to fucking mars with our Papa Musk to colonize the planet. And, there will be everything on that planet but no hedge funds. Fuck shorts. + +Stay in the rocket. We are going boys! 🚀🔥 +Mostly a lurker. I have a few comments here and there but I have been an observer on superstonk and reader of DD since March of 2021. 84 years ago I assumed the shorts had closed... been run out of town... tucked their tail between their legs. Nope. The SHFs are still criming and the splividend forced them to dig deep into their bag of tricks. + +85% DRS'd. Believe me I have been trying and this Trust Me Bro is related to that effort. Some months ago after reading up on transferring out of a 401k and into a custodial Computershare account. I thought I was stuck. My company 401k didn't have the option to self-direct stock purchases and the rules didn't allow transfers until 59 1/2. Lame. But after researching I hit upon an option that is not widely discussed here at superstonk... an **inservice transfer of funds.** The gist is I had funds in the 401k that were eligible to transfer because they had been previously transferred from another retirement account. Yes! More than half my 401k could now make its way to Computershare. + +Fast forward to before the splividend and I had been buying shares at my new retirement fund and had just gotten access to my Computershare account. My first batch was safely there and ready for the split via dividend. Another batch was still waiting. July 12th I asked for a second transfer to Computershare. We are now almost a month past this request and the this second batch of shares are accounted for but the splividend bonus are in DTCC limbo. So I am writing emails and making phone calls to track down the missing shares and find out why the second transfer has not landed at Computershare. I get a call from someone not on the front lines and we have a chat. Very cordial and helpful and she explains that my shares "landed" at Computershare on July 18th so they weren't officially there on the splividend date of record. So my retirement people are having to prove that I am the owner and eligible for the extra shares which they have done. So I ask where the hiccup is and she tells me that **the DTC isn't releasing/distributing the shares**. Ouch. We discuss this situation, she strictly refers to the DTC as responsible and doesn't correct me when I ask about the DTCC. I had to look it up but I think she is right that the DTC is responsible as a subsidiary of the DTCC with the securities-clearing duties (see notes below). + +Summary of the questions she answered for me: + +1. Is this a normal situation? No. +2. Is the timeline (waiting almost a month) unusual? Yes. +3. There is a hypothesis that there are a large number of "extra" GME shares circulating, could this be causing the problem? No comment. +4. International GME holders are reporting issues with the split via dividend, is this the same problem? Not sure, but possible. + +We had some general discussion at this point and she expressed exasperation that they will be happy when this is all resolved implying that I am not the only one in this position. My final conclusion... the DTC/DTCC don't have the shares and of course hedgies r fuk'd when they have to go on the open market and deliver these outstanding GME share obligation. + +DTCC: Depository Trust and Clearing CorporationDTC: Depository Trust CompanyNote: The Depository Trust and Clearing Company (DTCC) owns the DTC. DTCC manages risk in the financial system. Formerly an independent entity, the DTC was consolidated with several other securities-clearing companies in 1999 and became a subsidiary of the DTCC. + +(Edit) Update 2022-08-25: My missing splividend shares have shown up in my retirement account but those shares and additional ones that I purchased post splividend have not arrived at Computershare. I spoke with another representative and to my understanding the DTC is slow walking giving up the shares and making them available to Computershare. So I am sitting on IOUs for now. GME share price has been falling of late but it's not because Wall street is fulfilling their obligation to actually purchase shares on the open market. They are not closing. NFA +LOL. + +http://www.bloomberg.com/news/articles/2016-09-28/california-suspends-wells-fargo-from-state-bond-investing-work + +"Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed,” the treasurer said in a statement. + +"California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer accounts. +The suspension, in effect immediately, will remain in place for 12 months, State Treasurer John Chiang said Wednesday. **"Complete and permanent severance" between his office and the bank will occur if it doesn’t change its practices, he said.** The treasurer is also suspending his office’s investment in Wells Fargo securities." +I hold university-level qualifications and have plenty of experience in my professional career. But I have always loved good old repetitive work. Does anyone feel the same way? + +By "repetitive work", I mean work where you do the same or similar tasks every day. There isn't a whole lot of learning to do. The systems and procedures are straight forward. Very little brainpower involved and you don't have to think creatively or outside the box. + +I work in the tech/finance space now (28 years old) and I guess most of my work is quite repetitive. But my favourite job is when I was working at a call centre in my university days (mainly customer service type stuff). I had a script, and would gladly grind away 7-8 hours reading the script over and over again. The only thing I hated was that it paid so poorly (I think about $30/hr).. + +But I never had to worry, could clock off at the end of the day, leave my work at work. Never had to worry about learning anything new. It was great beacuse I was able to immerse myself in my own "zone" and just do my own thing. +Hello, last year I went under surgery on my leg due to an accident, this was right when pandemic started. When I asked the hospital if it was in-network they said yes. I got surgery paid my bills and all good. Fast forward two months ago I get an email for a $2500 bill that is coming from the anesthesia company. I called them and long story short, the hospital and the surgeon were in-network, but the anesthesia wasn't. Nobody told me any of this when I signed the papers or inquired about the services at the hospital. I filed a request for reimbursement to my insurance company saying that I was not aware of this out-of-network service, but they have denied my request. + +I'm not sure what my next step should be. The letter they sent says I can appeal this decision, but I would like to be more informed if my case is valid, which I think it is, and what other information/proof I should provide. Any help is appreciated. +[edit] my mistake, I am not talking about Roth IRA, but I mean Roth 401K. + +Until today, I was investing in traditional 401k. However recently I found out most of my colleagues are investing in Roth 401k. I spoke to them and they were like, it grows tax free and have less restrictions. + +Example give by my colleague (rough calculations): + +Traditional 401k: +Say you invest 100k (pre-tax) and at retirement it is 3x = 300k.. you pay 0% tax, and get 300k in hand +Total taxable income: 300k +Total tax paid: 300k*.30=90k tax + +[Edit] +Roth 401k: +Say you invest 143k(pre-tax) -> 100k (post-tax) and at retirement it is 3x = 300k.. you pay 0% tax, and get 300k in hand +Total taxable income: 143k +Total tax paid upfront: 143k*.30=30k tax + +Off course for this calculation, the assumption is your tax bracket remain same, even if it doesn’t taxable income diff is huge. + +Wondering what do you guys think about this calculation and what do you guys invest in and why? + +Thanks a lot for your time! Appreciate it. +J.C. Penney is in advanced talks for bankruptcy funding, a sign the troubled retailer is about to succumb to the economic collapse caused by the coronavirus pandemic. + +Penney is in discussions with existing lenders including Wells Fargo, Bank of America and JPMorgan for a loan that would keep the department-store chain’s operations funded during a court-supervised bankruptcy, according to people familiar with the matter. + +https://www.marketwatch.com/story/jc-penney-seeking-around-1-billion-in-bankruptcy-funding-report-2020-04-23 +So I recently went to a meeting where a financial advisor and an accountant both talked about my industry (restaurants/bars/hospitality) and possibilities of what you can do with your money. I've had quite a bit in savings and I'm looking to see what else I can do with my money. + +A bit about my current situation. I'm 30, dating but not married, no kids. I rent an apartment with my girlfriend and I own a car. I am employed full time and get paid hourly plus tips. I have a checking account (keeping $2k-4k), a high interest savings account with Ally (where I have $10k+), a 401k (contributing 6% to get my companies max match of 1.5%), a Roth IRA (with Vanguard, contribute $150/mo but don't currently max it every year). So at this point, it's safe to say I've started some retirement planning and I have an emergency fund with enough extra that I could be investing into SOMETHING. + +Without really knowing what to do with my money, I took a meeting with the investment firm that spoke at the meeting. They were very polite and friendly about getting financial info and my values. At our second meeting, they showed me their plan for me moving forward. They suggest continuing to contribute to my retirement funds (which I will, of course, keep doing), paying a $300 monthly premium for a cash value life insurance policy as a steady source of growth, and investing $5k-14k into an investment fund that they would manage. I'm a little hesitant to move forward with this just because I'm not even sure that it's necessary. It's all a bit unknown to me which is part of why I'm reluctant to move forward. + +What do you all think? Good idea? Bad idea? What else can I be doing outside of working with them to have my money work for me? Please feel free to ask for anymore info that you might need. Any help would be appreciated, thanks in advance! +Peeps -- I built a FREE tool for you to try out and use - waffles! [www.waffles.finance](http://www.waffles.finance/) + +Waffles is a FREE intuitive visualization and analysis tool for U.S. equity options. + +If you don't already know, Waffles rethinks how you build trades. Simply load a pre-built or saved strategy and waffles will do the work for you. No fuss. No more tedious option picking. + +https://i.redd.it/20dev18podk51.gif + +toggling between pre-built strategies + +Once the trade is built you can customize to your heart's desire. And can reposition the strategy in seconds- even using hotkeys if you'd prefer 🔥.  + +[repositioning iron condor using hotkeys](https://i.redd.it/l83iiivpodk51.gif) + +See the impact of vol and theta / time-decay in real-time using sliders.  + +[theta-decay using slider](https://i.redd.it/9j74cx5qodk51.gif) + +[vol crush simulation using slider](https://i.redd.it/nj7nwrdrodk51.gif) + +[time-squeeze using slider](https://i.redd.it/f0ue5rqrodk51.gif) + +Let me know your thoughts! I am full-time dedicated to this and I'm planning to grow the team, so stay tuned! Waffles is setting out to revolutionize the option DD and analysis experience. + +Since this is the first launch and there may be some issues, please dm me your issue and I'll try to implement a fix ASAP. + +A ton of work has gone into this for you all. I have three asks of you + +1. Please share with others who may benefit +2. Let other users know of Easter eggs or features you find useful that I haven't described (such as changing the metric to imp vol in the option selector menu / table) and +3. Please dm me / email me any bugs so I can squash them 🐛 and / or feature requests +[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) +It's important to remember Bitcoin's roots, and the amazing effort from brilliant people, like Hal, who contributed to this new technology. If you're feeling down, this is an absolute must read. I have it saved, and read it every once in awhile, enjoy. + +>**"And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go."** +- Hal Finney, March 19, 2013, 08:40:02 PM + + +**Bitcoin and me (Hal Finney)** + +Copied from https://bitcointalk.org/index.php?topic=155054.0 + +I thought I'd write about the last four years, an eventful time for Bitcoin and me. + +For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities. + +Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. + +When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction. + +I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating. + +When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them. + +Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. + +After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things. + +The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs. + +Speaking of heirs, I got a surprise in 2009, when I was suddenly diagnosed with a fatal disease. I was in the best shape of my life at the start of that year, I'd lost a lot of weight and taken up distance running. I'd run several half marathons, and I was starting to train for a full marathon. I worked my way up to 20+ mile runs, and I thought I was all set. That's when everything went wrong. + +My body began to fail. I slurred my speech, lost strength in my hands, and my legs were slow to recover. In August, 2009, I was given the diagnosis of ALS, also called Lou Gehrig's disease, after the famous baseball player who got it. + +ALS is a disease that kills moter neurons, which carry signals from the brain to the muscles. It causes first weakness, then gradually increasing paralysis. It is usually fatal in 2 to 5 years. My symptoms were mild at first and I continued to work, but fatigue and voice problems forced me to retire in early 2011. Since then the disease has continued its inexorable progression. + +Today, I am essentially paralyzed. I am fed through a tube, and my breathing is assisted through another tube. I operate the computer using a commercial eyetracker system. It also has a speech synthesizer, so this is my voice now. I spend all day in my power wheelchair. I worked up an interface using an arduino so that I can adjust my wheelchair's position using my eyes. + +It has been an adjustment, but my life is not too bad. I can still read, listen to music, and watch TV and movies. I recently discovered that I can even write code. It's very slow, probably 50 times slower than I was before. But I still love programming and it gives me goals. Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation. + +And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go. + +That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy. +[edited slightly] +- Hal Finney +I've run dozens of DCF models and highly levered companies always cause me to 2nd guess my model. I don't want to treat a company with net cash the same as one with net debt + +As of now I take the difference between EV and Market Cap and subtract it from my calculated PV of FCFs which decreases the price I am willing to pay. Or I add the difference if the EV is lower than market cap and that increases my calculated share price I am willing to pay. As you can imagine this can really penalize a company with a large amount of debt. + + +Am I right to make this adjustment or is it better to adjust for debt with a higher RRR or not adjust for it at all because that debt is being used to earn cash flow and thus already included in the model? + +How do others approach this? I never see a debt adjustment with DCF modelers on YouTube. + +Thank you +Mainstream portfolio managers promote the Fama-French Factor investing model. But I just don't understand it's significance. + +At a high level it just seems like they looked at historical price action for equities and found good correlations for the performance of equities and certain "factors" such as size and value/growth. + +Its fine to spot these correlations, and address them as such. But where I have a problem with academics is when they say these factors are not simply correlated, but are the CAUSES. + +This seems like BS. Just because A and B things have been correlated for 200 years and you think you found a good explanation for why A causes B, (factors have a separate risk premium on top of the equity risk premium), you cant just jump to the conclusion and say A causes B. + +If the academics who tout this theory admitted they just found some great correlations, that would be one thing. But by saying they have found novel risk premiums, they claim something much more significant. + +Is there something I am missing here? +I am doing a write-up on StoneCo Ltd (Fintech Brazil), which took a nosedive last year (-80%) because they had a challenging year with credit products being paused and profits becoming negative ( one of the reasons is that they waited too long with repricing). + +However, the growth is still there, high growth, and expect to have a good profit in 2022 Q1 and improving margins over the year. They are building a financial services ecosystem, so my question is **How is the ecosystem so far? Anybody here that uses them? What is your experience with them?** + +I always do my own research, but still, what do other people **think about the** **stock**? + +With a financial services ecosystem, you do have the **switching cost moat** in my opinion. + +Edit: +Berkshire bought shares in 2018 if I recall correctly. But it is all about the case it self not that Berkshire bought it. +Looking at it from a balance sheet and growth standpoint, YUM is doing very terrible. + +Looking at past stock performance and current P/E I expected for the stock to see some type of growth in the income statements. + + +Revenues have dropped from around $14bln to $6bln for the past 10 years and shareholder equity has been down the gutter due to management forcing buybacks when retained earnings isn't there. + +I do agree buybacks are great, but only at a certain point. If they do buybacks when the company has no spare cash to back it, same for YUM's dividend, I'd question management's efficiency of managing earnings and capital.. + +But the only thing I like about YUM is it's capital efficiency with margins and others growing at a fast pace where declines in revenues weren't even felt down the bottom line. + +&#x200B; + +Does anyone know why YUM is trading at such a large premium? +Hi guys, we've recently been seeing an influx of questions regarding value investing, mostly from those who are new to the value investing world. We'd like to offer a safe zone for you to ask any questions you might have about value investing! We'd also like to invite industry veterans to help out our community by contributing with meaningful responses. Stay safe, and happy investing! +What is the consensus on junk bonds? They are interesting to me because I am just now learning about rating agencies and the such. Junk bonds are usually seen as unsafe but in my mind, if you could find a company that has defaulted in the past but turned around recently, wouldn't it be safe? As I said, don't know much about it all yet but I would love to hear your guy's beautiful thoughts on the subject. +Great P/E, Strong balance sheet and good FCF. Hasn't grown much over the last 5 years, but has been very consistent. I don't know much about their business model, besides that they're industry leaders, so I come to you guys for insight. Please don't hold back as I really don't have a strong opinion on the stock and am really looking for other points of view. +Watched a clip of Warren talking about how looking at the price(market cap) of a business first influences him. To counteract this, he read annuals and values the company before even checking the price. How it would be possible to sort through all of the investment possibilities out there without sorting them in regard to their market cap? I want to hear your guys thought. +Honestly, it's an absolute dream to own an entire bitcoin now. I remember when you can grab them at $4k last year, but I had never seen this bull run coming before. Whatever, the last best time to buy was yesterday, the next best time is today. + +But ETH just has so much room to grow. It runs most of the DeFi ecosystem and NFTs, getting network upgrades like EIP 1559 making it less inflationary, ETH 2.0 making the blockchain green and drastically reduce fees, and tons of institutional adoptions alongside bitcoin. There's just so many bullish things in store for ETH long term. + +ETH would have a mcap of $6T if $51.9k. But watch; [the global stock market has total value $95T](https://spendmenot.com/blog/stock-market-statistics/). So it's realistic. Consider that fiat is heavily depreciating too. + +Also mention BTC would only have to 6x to get to $6T. + +Will it take over BTC as market cap? Very unlikely. Will it decrown BTC as king of crypto? Hell no. + +But ETH will probably be just as sought after and extremely high valued just like BTC is today. I'm very bullish on it. +Honestly, it's an absolute dream to own an entire bitcoin now. I remember when you can grab them at $4k last year, but I had never seen this bull run coming before. Whatever, the last best time to buy was yesterday, the next best time is today. + +But ETH just has so much room to grow. It runs most of the DeFi ecosystem and NFTs, getting network upgrades like EIP 1559 making it less inflationary, ETH 2.0 making the blockchain green and drastically reduce fees, and tons of institutional adoptions alongside bitcoin. There's just so many bullish things in store for ETH long term. + +ETH would have a mcap of $6T if $51.9k. But watch; [the global stock market has total value $95T](https://spendmenot.com/blog/stock-market-statistics/). So it's realistic. Consider that fiat is heavily depreciating too. + +Also mention BTC would only have to 6x to get to $6T. + +Will it take over BTC as market cap? Very unlikely. Will it decrown BTC as king of crypto? Hell no. + +But ETH will probably be just as sought after and extremely high valued just like BTC is today. I'm very bullish on it. +[https://www.sec.gov/news/press-release/2022-40](https://www.sec.gov/news/press-release/2022-40) + +# SEC Awards Approximately $14 Million to Whistleblower + +**FOR IMMEDIATE RELEASE** +**2022-40** + +*Washington D.C., March 11, 2022 —* + +The Securities and Exchange Commission today announced an award of about $14 million to a whistleblower who published an online report exposing an ongoing fraud. The whistleblower, who days later shared the same information with the SEC and was persistent in reaching out to the staff, prompted the opening of an investigation which resulted in a successful enforcement action and the return of millions of dollars to harmed investors.  + +"Whistleblowers can play a critical role in an investigation," said Creola Kelly, Chief of the SEC’s Office of the Whistleblower. "Here, the whistleblower posted a research report online outlining the allegations against the company and its officer and also, importantly, took expeditious steps to provide this information to the Commission. This case demonstrates the importance of whistleblowers reporting directly to the SEC so that the agency can promptly investigate allegations of wrongdoing." + +The SEC has awarded approximately $1.2 billion to 249 individuals since issuing its first award in 2012. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators.  No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million. + +As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity. + +For more information about the whistleblower program and how to report a tip, visit [www.sec.gov/whistleblower](http://www.sec.gov/whistleblower). +Hi everyone, I just want to make every one aware of a serious issue that hit home. There's a bunch of guys who pitch "financial freedom" to old mom and pops and take them for every penny of their retirement savings, make them refinance their homes and leave them high and dry. + +&#x200B; + +The main guy used to go by the name of Mo Jiwani. He did the same scam in BC, got caught, came to Ontario, found a lawyer by the name of Jonathane Ricci (who was suspended from Law Society for fraud) who hid his identity and doctored his IDs to change his name to Sai Mohammad. He then teamed up with some guys from Landmark Education by the name of James Destephanis and Glenn Estrabillo who targeted those looking for mentoring and guiding through life..at their most vulnerable...The story broke here a few months back. Check the link below. + +&#x200B; + +[https://www.reddit.com/r/PersonalFinanceCanada/comments/9u4yys/the\_1plus12\_scam/](https://www.reddit.com/r/PersonalFinanceCanada/comments/9u4yys/the_1plus12_scam/) + +&#x200B; + +Here's some new development from Global News. If you or your family/friends have been impacted by these guys, make sure to speak up now before it's too late. Best of luck all. + +&#x200B; + +[https://globalnews.ca/news/5096794/toronto-investment-company-1plus12-facing-lawsuits/](https://globalnews.ca/news/5096794/toronto-investment-company-1plus12-facing-lawsuits/) + +&#x200B; + +[https://globalnews.ca/video/5119905/toronto-based-investment-company-under-legal-fire](https://globalnews.ca/video/5119905/toronto-based-investment-company-under-legal-fire) +Everyone is on their own FIRE journey and my wife and I are 33/27 and are about 17-20 years out depending how greatly kids affect us and pending no catastrophes. We live a comfortable life: eat out a few times a week, have newer iPhones, but we always cut, borrow, and steal in many other ways: house hacked 2x's, shop at Walmart and Aldi, buy cheaper clothes rarely, 11 year old car. + +&#x200B; + +Anyway, last year some of our friends who make about the same as us (combined \~$100k) bought a brand new Audi SUV. Yay, good for them. They are in some debt, own 1 home that's nicer than the home we live in, and have expensive tastes across the board - jewelry, accessories, clothing, etc.. + +&#x200B; + +Flash forward to this year, I've had the desire to buy an older Corvette. $8k-$10k. Could easily pay cash and it'd only bump insurance a few bucks a month, because it wouldn't be driven often. Well, this year for Christmas our friends got a brand new BMW! They joked about "we maxed out the allowed amount between the Audi, house, and now this, but we can afford it." + +&#x200B; + +I went through a series of emotions in my head the last 24 hours. Part of me said, "screw it, I'm going to buy the 'vette tomorrow..." Then part of me got angry at how wasteful can be.... I've toned down today... I realized our goals aren't the same. That when they are in their 60s they'll be working and trying to figure out "how do we retire" and in our 60s we'll be just fine retired and doing almost anything we want. + +&#x200B; + +Thanks for reading, I don't have anyone in my network who is actively trying to FIRE, so, when I need to vent, Reddit is all I got. +There was a thread a while back about what was one of the most important decisions made on the journey to fatFIRE, and the answer unanimously was that they had a partner who supported their lifestyle and had similar values. (can't find it now, but it would be nice to have a link) + +I'm still a college student, so considerably young to many here, but I am wondering how many have found their other half. It feels improper at my stage to screen people on life and financial objectives, given that so many usually just "live life and let things happen when they click with someone," and it usually works out to a happy life for them. + +How did folks around here meet someone with similar goals and values? Did you meet first and find similarity in time, or was an initial matching of values a significant part? +Crypto is getting to a point where you either invest in it or get left behind. It is revolutionary and changing the way the world works, so if your slow to adapt you will miss out. Just like when the internet started people were sceptic and didn’t want to take a risk. Anything in life involves some risk and the greater the risk the greater the payoff! +Going to keep this brief as this is a **SHORT/MEDIUM-TERM PLAY.** + +Sysorex announced that they are entering a triangle reverse-merger with an ETH miner today. This has caused the stock to fly from under $1 to $9, with highs of $14 today. + +That is HUGE news, but this is even bigger news for $INPX - **a large shareholder** in $SYSX. As of April 13th's market close, they owned around \~17.5m shares in $SYSX, valued at $17 million. **Today this is now worth $178m.** That's right, they have almost 10x'd this investment in Sysorex. The best part? INPX have a market cap of $110m and they are currently only up 12% today (current price is 1.23). The potential here is HUGE as this is a sympathy play off Sysorex which hasn't moved yet. + +[Link](https://www.globenewswire.com/news-release/2021/04/14/2210155/0/en/Ethereum-Mining-and-Blockchain-Company-TTM-Digital-Assets-Technologies-Enters-Into-Triangular-Reverse-Merger-With-Sysorex.html) to Sysorex's PR + +[Link](https://www.prnewswire.com/news-releases/inpixon-converts-note-receivable-to-equity-in-ethereum-mining-company-301268861.html) to INPX's PR + +&#x200B; + +[CEO of INPX's profile - a very clear link to SYSX](https://preview.redd.it/xanl8g3w36t61.png?width=764&format=png&auto=webp&s=b11f5da35d0fe3fb93d76d491070bfec69338f48) + +Disclaimer: This is not investing advice, do your own DD. + +Happy trading folks. +Have a stable job, good deposit (110k) but have been looking at 2 bedroom apartments to invest in: Sydney. It’s a pretty horrid time. After sacrificing massively on location, then aspect/floor plan then lastly quality - it’s still difficult to find something better than my current rental for what I can afford. It’s pretty demoralising. + +Because it’s hard to find a property I’d want to invest in, I’m wondering what most of you do with your money. I’m in stocks already and just wondering if it’s the best way forward. Feels like renting + investing is the way to enjoy my golden years. +Seriously. These people don’t even make money from trading options, they make money by selling courses and the occasional photoshop screenshot. I’m taking about people like Aristotle Investments. Complete scams and snake oil salesmen. They sell a ‘dream’ by posting pictures of luxury items, exotic cars and traveling that they achieved by trading options when really they achieved that by suckering hundreds if not thousands of people or more. + +If these guys could consistently net money from day trading options, they would have their own hedge fund or managing 9-10 figure portfolios instead of selling discord group chats or courses for $9.99. The classic idea of not making money by digging for gold but by selling the shovel to the gold digger. It’s disgusting - it’s one thing wanting to educate people on responsible finance and investing - it’s another thing teaching people who have ZERO knowledge on financial markets about bullshit like technical analysis and day trading trading options. + +I’m a firm believer that if you aren’t the type that knows how to conduct your own research outside of your confirmation bias and self educate at the minimum, you are going to lose money trading options. All of it. These guys are just setting people up to lose money. I’m blown away these people don’t get knocked out of business with lawsuits. Is it really as simple as just saying “not financial advice”? + + +So, what are your takes on these new Instagram/YouTube ‘investors’? There’s very few guys I think are actually good - such as MeetKevin and he doesn’t even really do anything other than voice his opinion on the markets and news for the day. +There’s a post about why people in traditionally high paying careers don’t FIRE https://www.reddit.com/r/financialindependence/comments/aegsi5/why_do_so_few_who_are_capable_of_retiring_early/ + +I was just thinking about how the FIRE movement really took off with the rise of high paying tech jobs. MMM was a software developer, and half of this sub works computer or engineering according to the last survey. I work in tech and know many people IRL who know about FIRE. +Why is FIRE so hot within the tech community? I would’ve thought that being a software engineer was more interesting than being a lawyer or dentist. + +Some observations: +1. Start making money early (but investment banking is similar) +2. Don’t care as much about societal norms +3. More likely to be aware of FIRE from browsing the internet more +4. Not happy with job (is this really more common in tech vs other careers though?) +5. Spend less than other highly paid professionals (maybe because tech only became highly paid recently) +We've had some pretty good gains in the stock the last couple of weeks and months. + +Just wondering what do you guys think about still holding these stocks? I feel like it's too early to sell, we still have to wait for airline travel to rebound to really see a huge demand spike for oil. + +What are your thoughts? + +I've been thinking of selling some of my O&G gains to get into industrial metals. +Guten Tag to this global band of Apes! 👋🦍 + +That meeting of shareholdlers is *exactly* what I had hoped it would be. GameStop is obviously in a very strong position, poised to thrive in both its traditional business as well as the new spaces it is expanding into. It has a world-class leadership team, and is owned by shareholders who are as enthusiastic about the company as that company is. Every other publicly traded entity must be envious of the relationship that GameStop has with its shareholders. + +Of course, those shareholders voted to approve the entire slate of the ballot, when many companies are facing shareholder rebellions. Apes sent a resounding message to the board, that we *want* them to have the latitude to issue a split when they deem that the time is right. With borrow rates continuing to rise and Apes continuing to DRS as quickly as ever, it seems to me that that time may be quite soon. + +So as we close out this final day of one of the most exciting weeks in recent memory, let's take a moment to appreciate each other - the HODLers who make this all possible. Without the Apes, things would be incredibly different for GameStop. You all have made this moment possible, and I am incredibly proud of each of you. Let's show the world the true meaning of Diamantenhände. + +Today is Friday, June 3rd, 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: **$132.38 / 123,81 €** *(volume: 2773)* +- 🟩 115 minutes in: $132.76 / 124,17 € *(volume: 2693)* +- 🟥 110 minutes in: $132.28 / 123,72 € *(volume: 2510)* +- 🟩 105 minutes in: $132.84 / 124,25 € *(volume: 2463)* +- 🟥 100 minutes in: $132.83 / 124,23 € *(volume: 2455)* +- 🟥 95 minutes in: $132.84 / 124,24 € *(volume: 2379)* +- 🟥 90 minutes in: $133.03 / 124,42 € *(volume: 2306)* +- 🟥 85 minutes in: $133.12 / 124,50 € *(volume: 2259)* +- 🟩 80 minutes in: $133.14 / 124,52 € *(volume: 2259)* +- 🟩 75 minutes in: $133.12 / 124,50 € *(volume: 2243)* +- 🟥 70 minutes in: $133.05 / 124,44 € *(volume: 2092)* +- 🟥 65 minutes in: $133.12 / 124,50 € *(volume: 2038)* +- 🟥 60 minutes in: $133.22 / 124,60 € *(volume: 1717)* +- 🟥 55 minutes in: $133.24 / 124,62 € *(volume: 1519)* +- 🟥 50 minutes in: $133.30 / 124,68 € *(volume: 1490)* +- 🟩 45 minutes in: $133.32 / 124,69 € *(volume: 1487)* +- 🟩 40 minutes in: $133.30 / 124,68 € *(volume: 1481)* +- 🟩 35 minutes in: $133.27 / 124,65 € *(volume: 1420)* +- 🟥 30 minutes in: $133.27 / 124,64 € *(volume: 1284)* +- 🟥 25 minutes in: $133.36 / 124,72 € *(volume: 1271)* +- 🟥 20 minutes in: $133.48 / 124,84 € *(volume: 1159)* +- 🟩 15 minutes in: $134.15 / 125,47 € *(volume: 1007)* +- 🟥 10 minutes in: $134.15 / 125,47 € *(volume: 996)* +- 🟩 5 minutes in: $134.86 / 126,13 € *(volume: 695)* +- 🟩 US close price: $133.70 / 125,05 € *($135.85 / 127,06 € 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 1.0692. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've never really seen that discussed anywhere. + +In a real-life example, my development has 80 houses. In the three years I've lived here one house burned to the ground and 20 more needed new roofs from a hail storm. If you figure 80 \* $150/mo \* 12 \* 3 yrs = $432,000 income, less $350,000 for a total loss, less 20 \* $15,000 for roofs = -$218,000. The insurance company (option seller) made money 95% of the months but lost overall. + +The breakeven monthly premium is $225. But if competing insurance companies (options sellers) are only charging $150, it will be difficult for you to sell insurance (options) at a profit. +I've never really seen that discussed anywhere. + +In a real-life example, my development has 80 houses. In the three years I've lived here one house burned to the ground and 20 more needed new roofs from a hail storm. If you figure 80 \* $150/mo \* 12 \* 3 yrs = $432,000 income, less $350,000 for a total loss, less 20 \* $15,000 for roofs = -$218,000. The insurance company (option seller) made money 95% of the months but lost overall. + +The breakeven monthly premium is $225. But if competing insurance companies (options sellers) are only charging $150, it will be difficult for you to sell insurance (options) at a profit. +I’ve been lurking as a member of thetagang for about a year now and I just wanted to say thank you fellas for every snippet of information you’ve put of there. Ive made the decision to soon start managing a larger account by utilizing only the wheel. Still picking up on some more tips to add to my wherewithal but I will soon be 🐌 ing along. This is by far one of the nicest, team player oriented trading communities out there at its size. Just wanted to give credit (Ha) where credit is due. +Well this is the thread WSB wants to see here. Who sold covered calls and what’s your plan? I have some time (12/11) but I think I might just let my shares go. +Interested if anyone on here has actually sold contracts as a strategy for any considerable length of time (thinking a decade or two). This board basically just seems to be an overzealous 18-30 demographic, mostly new to the game, bragging about short term gains. I'm much more interested in those of you who have actually survived in the markets for long periods, experienced many different market environments/conditions, and have come out on top/successful. I'd love to hear the stories of some of these people, if they're on here, and if you have actually been able to consistently outpace the growth of the market over the long term. Stories of bear markets and relations of realistic return expectations for both myself and the other young people here would be most welcome. Thanks. +First of all: I'm in Denmark, so while cool, and a milestone to me, a million is nothing to shout about. +My question/worry is this: I have thought that we are in a bubble for a couple of years now, and a lot of people think the same thing, so I have been buying stock only slowly and saving up a lot of cash. But the cash gets only between 0 and .9 percent interest in the different accounts. Obviously, a correction is going to come sooner or later, but I am worried that if I am wrong about it being soon, I could miss out on stock that I should have bought. +I don't want to tie up the money, and I have no interest in real estate, so how do you play this? Are you just happily using the dollar cost averaging method, regardless of the supposed bubble? + + +Sales of developers have plummeted. Of 31 listed Chinese developers 26 cited falls of at least 50% in April (YoY). + +&#x200B; + +https://preview.redd.it/84e3adsjk8291.png?width=770&format=png&auto=webp&s=0e0c388f5353afe29b20d7f063bda2fd6d33166a + +https://preview.redd.it/8bda0onlk8291.png?width=769&format=png&auto=webp&s=c0422b7ebead1767a55ab0e71c70986696d80b60 + +"Real estate accounts for about 25% of China’s GDP and has been a key driver of growth. Beijing needs to strike the right balance in supporting Evergrande while at the same time not enabling a moral hazard" + +https://preview.redd.it/dk2c976nk8291.png?width=960&format=png&auto=webp&s=909fbc4370379725d6fe75b0af6b309bd3e4afea + +China state-backed builder Greenland asked for a delay in repayment by a year, "a rare sign of stress at a state-linked firm". + +https://preview.redd.it/mga898vnk8291.png?width=620&format=png&auto=webp&s=67af76a59c9f270f417669607d8e122254df0419 + +Significant impact on the overall China credit market. The dollar-bond default rate hit a record-breaking 4.5% + +https://preview.redd.it/q85ezxkpk8291.png?width=670&format=png&auto=webp&s=ab4737b7ae763b51b5526fc05587c2048a4fdca4 + +“Given the pick up in stresses, we raise our FY22 China Property HY default rate forecast to 31.6% (from 19.0% previously), which was our previous bear case assumption" - Goldman Sachs + +“The key problem remains the overall decline in sales and prices, which is creating an annualized shortfall in developers’ revenue of around 3%-4% of GDP compared with last year. Interest rate cuts may help at the margin, but only after the threat of lockdowns is lifted, and probably only in major cities as well.” - Logan H. Wright, partner and general director, China Markets Research, Rhodium Group + +Credit to Chinese businesses has increased even faster, supporting GDP growth, but the resulting leverage in the corporate sector makes it increasingly vulnerable to shocks. Nonfinancial business credit in China has reached about 160 percent of GDP. + +https://preview.redd.it/aggvqfmqk8291.png?width=886&format=png&auto=webp&s=3263305e47d21c8c23b30888fff4120b4c5c5e7b + +Corporate indebtedness has become particularly high in China’s real estate sector—which has been a key engine of China’s rapid growth. n the past few years, the Chinese government has tightened regulation of property markets, including the imposition of new constraints on home purchases, banks’ ... mortgage lending in some markets. Not long after these initiatives were implemented, property sales slowed. + +https://preview.redd.it/o621hnjrk8291.png?width=870&format=png&auto=webp&s=142c455feaf3692165acc85fb27b1c3821fb805c + +Chinese property developers in the offshore dollar market are trading at increasingly distressed levels. Although the Chinese government has managed to contain its effects so far, a significant worsening of the downturn in property markets could affect China’s fin. system + +https://preview.redd.it/11fapdjsk8291.png?width=868&format=png&auto=webp&s=607698a0caa6f5d0af62f9a6a262d3ab719dda7a + +Find all sources and more here: [https://twitter.com/yielddive](https://twitter.com/yielddive) +At a glance, owning multi-family properties seems more intuitive than multiple SFH. There would be fewer lawns to mow, roofs to repair, snow covered driveways to clear, etc. Where I intend to invest, SFHs sell for 180k (class C) to 350k (class A). Whereas a typical fourplex sells for 450k (class C) to 800k (class A). Similarly, a typical eightplex or larger goes for 800k+. + +Purchasing several low end SFH might be cheaper at face value, but after renovations and cost of maintaining several buildings, wouldn't it be cheaper to just go for a multi-family building instead? + +I (somewhat ignorantly) *assume* an investor might prefer a SFH when: + +* They expect property value to appreciate. +* They expect to rent out to Airbnb in popular vacation destinations. +* They're just getting started / don't have the capital to purchase larger buildings. +* The properties are close to the investor's primary residence. + +For those of you who primarily invest in SFH, what class of properties do you invest in and why do you choose them over multi-family? +My parents have been floating the idea of using my credit score and their money to a co sign for a house im M22 young and dont really understand real estate nor do I feel financially ready, I have about 25000 saved and work multiple jobs that Ive been gainfully employed at for 5 years . This could be a great opportunity to start investing in a home. My family has explained the benefits to me and told me I almost stand to lose nothing but I find that rather hard to believe Im hoping for some insight from reddit as theres no conflict of interest, worse case scenario how much risk could this potentially have on my credit score ? +Reposting from r/fatFIRE as a user mentioned this was a more suitable sub for this question. + +Asking out of curiosity as well as for personal reasons. I’m considering a move to a lower COL city which will involve many sacrifices including abandoning my friends and city which I love living in. Torn because I know it’s the right thing to do financially but I also know I will take a hit to my enjoyment of life. +My gf and I are first time buyers looking to buy a house within the next 2/3 years. We have a combined income around 55k a year and a deposit saved of around 75k. From doing the maths I think we should be able to get a mortgage for a house costing around 300k. Unfortunately we live in an Cambridge where the average house price is £542,576. My gf is a self employed private piano teacher and has a grand piano that gets played 5+ hours a day, which means that flats and mid terrace properties probably wouldn't be suitable for us as we would piss off our neighbours. Atm we live with my gf's parents who have a detached house in a nice area, which means that most of her 40+ weekly students are also in this area. If we move too far from where we live now then it's likely that most of her students would choose to change to a different teacher more local to them, in which case she'd lose most of her income and have to start again. Is there any way we can get a mortgage for a more expensive house? +It seems like they believe you cannot invest long term AND trade near medium term/short term when there are real traders that do this for a living. In my experience, learning to trade is an entirely different beast than learning to simply invest long term. Learning to trade is also time consuming, leading me to believe people just don’t have the time to engage in an activity that they would deem pointless due to the widely believed thought that you cannot beat the market on your own. Thoughts? +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 +This seems WAY oversold. Way too much unwarranted FUD regarding green energy. Nothing has fundamentally changed regarding the long term direction of the world heading towards it. + +If it's still down tommorow I'll be stocking up on more. +It's pretty soul destroying. I'm in my mid 30s, have been saving for a deposit for almost 15 years, sacrificing a lot in the process, have inherited a bit of money too - but still nowhere close to buying a home. Can only get a £190k mortgage and the cheapest homes for miles around where I need to be for work are £300k+. And that's for something in sketchy, undesirable areas that need a ton of work too (which I'm happy to do but don't have this kind of money). Yes.. I could buy up north but not an option right now due to career situation and family responsibilities. + +Do I just give up and sink more money into renting a nicer place, but save less/nothing? I want to get out of main London area and I'm absolutely sick of living in grotty houseshares. + +Edit: *I do not want to buy in London. I'm talking about buying in the general south or south east area* +Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage + +\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries + +Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon + +**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +Hi all, I've been reading this subreddit for a long time and I've been FIRE-minded for even longer. I've seen many posts recently mentioning the lack of new content in this community. In response to this, I'd like to share some of the ideas I've reflected upon in my FIRE journey that I feel are underrepresented in discussion. + +People are all naturally inclined to focus more on what (they think) they can control. This phenomenon is particularly noticeable in r/frugal, r/simpleliving, and yes, r/financialindependence. + +Deterministic decisions (changing your 401k contribution percentage, changing your asset allocation, choosing to pack lunches, and buying your toilet paper in bulk) are all easy wins and the effects are quickly observable. These decisions all provide satisfyingly short feedback loops, but the rewards are limited. + +On the other hand, decisions that are more multi-faceted, more complex and more open-ended, such as starting a business, constructing a framework for an optimal path to promotion, determining a strategy for job-hopping to maximize salary growth, and finding the outside continuing education courses with the best ROI, are generally pursued less as they are more difficult and unclear. However, the rewards can be much, much greater. + +If you really want to get to FI faster, I'm strongly of the opinion you need to spend much more of your time on the second type of decision. Rather than spending hours upon hours tweaking your FIRE model with "your-guess-is-as-good-as-mine" predictions and speculations, spend your hours at the library building the skill you need to get to accelerate your promotion schedule. Rather than looking at what coupons you can use for your next grocery run, refresh yourself on the opportunities in your industry with a networking session, a talk with a recruiter, or just a serious independent research effort. Rather than spending more than a few hours trying to save under $100, spend those hours constructing the path to increase your annual income by $5000. Rather than spending time retorting this argument lamenting about how your job is not meritocratic and that added effort will not lead to more income, find a job that is more meritocratic. + +None of these things are easy, I know, but that's the point. If you care about reaching the goal faster though, then do what is hard but right, not just what is consequentially closer and easier. This entire concept analogizes to the irrationality of being "penny-wise, dollar-foolish". + +I recognize that side-hustles are brought up from time to time as really the one idea that focuses more on the income side of the "raise income, cut expenses" FI mantra. However, I find that most of the time, these are inefficient uses of time if the goal is strictly income growth. They generally operate completely separately to one's main career, and as a result, it becomes very difficult for a person to make meaningful progress in either the career or the side hustle. I can elaborate more on my position on this later, as I don't want it to detract from the main point of this post. + +I apologize if any of this comes off as rude. I'm just passionate about this particular idea and I fundamentally believe it to be true. I frequently reflect upon how I'm allocating my time and I always strive to never spend too much of it on these "penny-wise" decisions. I know that if I continue to grow and develop myself in alignment with the plan I have for getting to the next level in my career, I will reach my FIRE goal much faster. FWIW, I went from factory work as a teenager, to multiple unpaid internships, to a good job out of college and eventually an upper 6 figure income. + +EDIT: Quite the response! Glad to see that we've got some fresh discussion going. I'll respond to you guys when I have time. I have a few other unconventional FI-related ideas that I'm excited to share with you guys later. +23M, Midwest area. Single parent +My income varies a lot depending on seasons but I do lots of odd jobs,and help my landowner with property management but it’s roughly 1000-3000/mo. I’m a go getter, dependable and good at making things happen but I have a problem with over spending sometimes. (Taking vacations , buying a huge tv and couch from Costco mainly) put me in the red. + +I rent out a home for 1600 with a attached garage that has a studio apartment and rent it out for ~1000/mo so my rent is 600+paying utilities. + +I’m drowning in debt. I have a 11k car loan for my work truck, gas is killing me. 5k in CC debt, and my bank just overdrafted my account for 1000$. I also have a 300$ ticket I need to pay. + +I have $500 cash to my name and my family has already helped me out I don’t want to ask for any money. + +I don’t know what to prioritize or what to do. + +Any advice is greatly appreciated. +My current salary is 75k. I commute a total of 2 hours a day (hour to work and an hour home). With gas rising quite a bit, and my car going through it quite quickly, I’ve thought about possibly purchasing the cheapest model Tesla. + +Looks like it comes out to 46k. My rent is relatively cheap (680 a month). If I were to put down 4500, it looks like my monthly payment would be 660. Assuming I pay this over 72 months, annually it will cost me 7920. + +I don’t have many other fixed costs, as I’m young, single and genuinely don’t do much outside of work. + +Does this seem doable? Very new to budgeting and planning. + +Thank you in advance! +Currently work as a firefighter for the city I live in. We are in a union so pay into a pension fund, but can also opt into paying money into a deferred comp plan. The plan is a T. Rowe Price Retirement I 2055 - I Class. Admittedly I don’t know that much about this stuff, so should I take all my money from my TSP from when I was in the military and put it into this deferred comp plan or should I be putting that money into something else? It’s not a ton, like 28k from the 4 years I was in. +Hey everyone! + +I started learning about technical analysis and paper trading 2 years ago and started trading with real money one year ago on this month. So far I've blown 2 accounts. I honestly don't know what I'm doing wrong. + +I always trade with the trend, I only enter a trade on support and resistance levels, I only take trades with at least a 1:3 RR, I set my SL and TP on support and resistance levels. + +[This is what my charts normally look like.](https://www.tradingview.com/x/7M5rCIZ0/) Maybe you can tell me what I'm doing wrong or what I am missing. + +Any help would be appreciated. Trading full time would be my ideal job but I'm still far from where I want to be. + +Thanks everyone! +Out of curiosity, how many of the live traders on this sub trade price action? And while I know many people think it's a completely naked chart I know some people use an indicator here or there for their own reasons and am also curious as to what everyone uses (if they do) and why? + +Cheers! +Remember Nano? That coin that really shot up from, like, $0.15 in November 2017 to $33 two months later? It even was in the top 20 for a bit. Well, I suppose many people on here must have bought close to ATH back then, because they always REALLY wanted it to go there again and talked about their love for it a lot + +Unfortunately it never did. It was hit HARD by the bear market of 2018ff., even went below $0.4. While it did quite well in the bullrun of 2021, it was one of those coins that stayed way below their 2017-2018 ATHs, it got close to $15. Other than most other formerly huge coins that didn't reach a new ATH this bull run - stuff like XRP, BCH, EOS, NEO, DASH... - which don't get a lot of love on here, Nano stayed a sub favorite, I don't think any other coin outside the top 100 (except Moons) is mentioned this often. + +Speaking of the top 100: you can see how much this sub loves Nano, if you read [this post](https://np.reddit.com/r/CryptoCurrency/comments/og5u6m/its_official_nano_is_no_longer_among_the_top_100/) from last July, when it left the top 100 - OP was at a "loss for words", how could a coin that was "perfect: Instant. Feeless. Green" not be much higher? Many people agreed, the post has over 5k upvotes. I would argue the post was a bit dramatic - Nano hat only re-entered the top 100 3 months earlier after spending a few weeks below that - but you see how much love there is for the coin. + +Today, it left the top 200 for the first time since its big explosion in late 2017, as I am writing this it's 202 on Coingecko, -91% since ATH, the downtrend has been pretty consistent the past few months. + +What do you think about Nano? Do you still believe in it, do you think it will break its ATH ever again? Do you think it's a dead coin that will just continue to go down? Other coins have been declared dead for less but hey, it's crypto, anything can happen +Apple ([AAPL](https://finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch)) reported its Q3 2020 earnings on Thursday, providing investors and analysts with a more fuller look at how deeply the coronavirus pandemic has impacted the company’s sales over the past several months. + +These are the most important numbers from the report compared to analysts’ expectations as compiled by Bloomberg. + +* **Revenue:** $59.69 billion versus $52.3 billion expected +* **Earnings per share:** $2.58 versus $2.07 expected +* **iPhone revenue:** $26.42 billion versus $30.9 billion expected. +* **Services revenue:** $13.2 billion versus $13.1 billion expected +* **Accessories:** $6.5 billion versus $6.1 billion expected + +Apple’s earnings come just a day after CEO Tim Cook sat before the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law to answer accusations that the company abuses its market power to [stifle competition in the Apple App Store](https://finance.yahoo.com/news/apple-ceo-tim-cook-hit-with-questions-on-app-store-dominance-during-antitrust-hearing-224150894.html). + +The company’s Q3 report, however, hasn’t been much of a focus for analysts, as much of the conversation about Apple has revolved around the tech giant’s upcoming launch of its iPhone 12. The next-generation iPhone is expected to be Apple’s first 5G-capable device and could lead to a so-called “super cycle,” during which the company would see a larger than normal uptick in iPhone sales. + +The idea is that consumers who have held on to their devices for several years will jump at the chance to get a new iPhone with a new form of cellular connectivity that promises dramatically increased data. + +But with consumer personal consumption spending in Q2 [falling a whopping 34.6%](https://finance.yahoo.com/news/q2-gdp-us-economy-coronavirus-pandemic-consumer-171558880.html) due to COVID-19 shutdowns, and more than [50 million Americans out of the workforce](https://finance.yahoo.com/news/jobless-claims-week-ending-july-25-123150219.html), investor hopes of a massive uptick in year-over-year iPhone sales in the coming quarters may not be in the cards. + +&#x200B; + +[https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html](https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html) +I've been taking more trips in the 250-500 mile range lately and being in the car for that long is just a drag. + +I’m trying to figure out what the “most efficient” way to travel is. By "normal people wealth standards, I’m well to do, but I’m definitely not private jet (or even net jets) level rich and probably won’t be. I don’t really care about what cabin or class I sit in on a “normie” commercial airline - the amount of time it takes is the same - IE I can afford to fly business or 1st class, but don't care to. + +Is it worth learning to fly (small planes) from the lens that it would save me time? Has anyone here run numbers on this? My guess is that it’s worth it in the 300-800 mile range beyond which commercial carriers actually fly fast enough to make up for the time wasted in the airport… + +Edit: + +Usually it's just me. Not married, no kids, not seeing anyone, don't anticipate marriage in the short / intermediate term. + +30-40 hrs for a pilot's license is acceptable. The long tail could possibly be a win. I work a weird job with off hours and a lot of vacation time. + +7 series isnt really my jam. I just took an ~800 mile road trip in my car equipped with a comma2 from commaAI and the ADAS is much better than any OEM system. Luxury for me (in a car) isn't a nicer seat, it's being able to chill, which this device definitely helps with. + +Edit 2: The posts here mostly confirm what I had thought: The bang for the buck isn't really there nor is it safe. Thanks everyone! +While this post may not seem obviously fatFIRE relevant, I think my predicament may be something that others in this community have experienced. We live outside Seattle. Our current NW is $4.5m, but will likely balloon to around $10m when the company that I work for goes public (I expect this to happen in the next 12 months or so), and my annual income is $320k. My wife and I have very few entanglements and are looking for a new place to live. My position is fully remote. I find that having too many possible options has become a bit stressful. + +I’ve been in search of some type of relocation consultant, but am having a hard time finding such a service… and the online resources are almost entirely useless (sites like Niche prioritize factors that aren’t important to us, most blogs and listicles are geared toward affordable towns or recommend the same places over and over again). + +We’re essentially looking for a small to medium town with a highly walkable idyllic downtown, preferably on the water, with excellent cultural amenities, and good vegan food options. We’re looking for places that are a bit under the radar, more of an iykyk insider spot. Also, unlike just about everyone else I’ve ever met, I like the Stepford / Truman Show / Master Planned Community / New Urbanism vibes. (Bonus points for a zero income tax state.) + +Has anyone found a relocation consultant? Alternatively, if you know of an urbane coastal village with a great museum scene, hit me up. +To set the stage, early last year I took advantage of the job market with tech hiring and absurdly high salaries to jump ship into a better paying job. I went from $70ishk to $140k. Which is all fine and dandy, I'm slogging it through paying debt off and enjoying the lifestyle creep a little bit too much. Somehow still can't buy a house in this economy and looking at my *HECS debt* crying. + +As you do when swapping jobs you fill out a TFN Declaration Form when you get to the dreaded question 10: *"Do you have a Higher Education Loan Program (HELP), VET Student Loan (VSL), Financial Supplement (FS), Student Start-up Loan (SSL) or Trade Support Loan (TSL) debt?"* + +Well because I do have a HECS debt, I tick yes on the form and send it back to HR. Finish all my on-boarding and I go on with my life thinking what am I going to do with all this money? Buy some steak of course. + +Then last week I start thinking to myself I need to get a tax account and do it properly. In the midst of that, I send a few queries to payroll and it turns out that while I did check that annoying "Q10 yes" box, the extra tax hasn't been withheld correctly. + +Doing some dodgy tax website calculations I think I am going to be owing the taxman between *$10k to $16k* extra come this July. +I am very new to Bitcoins, but I learned a lot from the dot.com crash and I see a lot of similarities. I’d like to share what I have learned as it applies to Bitcoins, for the new Bitcoin thousandaires. +1) Do not spend more than you can afford to lose! For a good guide, imagine planning for a weekend in Vegas or a day at the track or a poker outing. What is the most that you would want to gamble? If you spent more than twice that much on Bitcoins, you may want to rethink your strategy. +2) Have an exit strategy, a backup exit strategy, and test them out. Most people think this is a bubble, but I can tell you that if there isn’t a burst, there will be a correction. And the higher and faster things rise, the harder they fall. Once a correction is triggered, people will panic, and trading sites will be overloaded and even crash. trading sites may even go bankrupt. New accounts can be slow to be approved or delayed indefinitely. This is why you should have at least 2 trading accounts made, and linked to a bank account. And test them, do a small trade. Imagine having 2000 Bitcoins, and it reaches $500. Then it starts falling, so you want to cash out at least half because you want to buy a house. It’s at 400, so you decide to sell. You register for a trading account. That takes a few hours to be approved. It’s at 350. You transfer Bitcoins. It takes 3 hours. 325. You make a trade. The site crashes before it’s done. Next day, it is back up, and we are at 275. You make the trade at 250. You could have had it at 350 had you registered. You finally get the money and have it transferred. Hey, $250,000 isn’t bad. But there is a transfer limit. You are not verified, so you transfer $10,000, the site’s daily limit. And you wait a week. And then you find out your bank does not accept transfers to savings accounts, only checking accounts. And by the time you fix this up, the trading site has gone bankrupt, and it takes you 3 years to finally get a claim in and get 20 cents on the dollar. Most could have been avoided by testing out the system with 0.1 Bitcoins. +Now by all means, support Bitcoins, start using them for trades, and encourage vendors to accept them. This ‘bubble’ is only a small part of the big picture. But for those of you who have $40K in bitcoins and only $300 in your pocket, well, this advice is for you. + + +Ok so, first things first you assholes, I am not a bot. I have been in the fucking game for about seven years now. + +I don’t typically do posts like this and so this is fucking new to me. Anyways, it seems like a shit ton of you are falling out of favor with NOK. I don’t know what the fuck is wrong with you if you expected to gain a shit ton of money in a day, but what the fuck I have never seen such 🧻🤲🏻 in my fucking life for the past two days. + +Are you guys really just going to stand there and let the enemy beat the fuck out of us. + +And of course some of you are going to mention the total float as if that fucking matters because the stock is still cheap as fuck (for now lol 🚀) and because we managed to trade one fucking fifth of all the NOK stocks in circulation. They literally had to stop our asses from buying a couple of times. Just like you autistic retards I have lost thousands of dollars in this shit. My paychecks, birthday money, dividends, money from the sale of blue chips and Ark ETFs, etc. + +So where’s the upside? Well let me fucking tell you where the upside is and when you can expect to pull off the biggest fucking heist alongside GME and AMC Wall Street will have ever seen. 🔥🚀💸 + +NOK is well known to be the bigger beast when it comes to the BANG stocks (BB, AMC, NOK, GME). It has a fuck load of shares to go around and there’s a lot of paperhanded pussies out there, so I understand why it may be daunting to expect a Juggernaut like NOK to moon anytime soon. + +But it doesn’t have to be. + +NOK releases its earnings on Thursday and its expected to blow the competition out of the fucking water. I wouldn’t even be surprised at all if it were to get a higher price than ERIC in two weeks (hell, possibly by EOW). NOK even plans to merge with top tier companies in the near future due to their prowess in the 5G tech that they’re developing. The 🏳️‍🌈🐻 have had their big meaty claws ever since its ATH of $62 all those years ago. Do you really expect a change if you don’t fucking BUY and fucking HOLD. No, with a team of fucking retarded superstars in this sub, NOK is prepping for a fierce comeback in the upcoming weeks. GME is top dog right now, but let’s be honest. GME hype can’t last forever (even tho it can for a long time as long as we remain retarded). However being on team NOK makes me feel like I’m on a loosing, shitty ass baseball team and no one is hitting over .100 + +What’s the plan, Stan? + +The fucking plan is that you don’t buy market price. You look at the ask price and you fucking buy it. This is how we destroy walls. The $5 barrier battle today was hard fought and we fucking lost to the hedge funds. This next week is going to be fucking spectacular 🪄🚀🤲🏻💎 and I need to know if my fucking NOKle heads are even in it to win it or just downright frauds. + +You say NOK was a plan by the bots? Take a look at fucking BlackBerry. That shit took the same swerves NOK did that it’s pretty much identical. If NOK is a sham, then the idea of the BANG stocks is a sham. + +I know for a fucking fact you don’t believe that. I know that there’s dreamers in this sub. I dream just like you. I am trying to build a life just like you guys are. We are in something way bigger than ourselves so if you can for ONCE IN YOUR LIFE consider that maybe that the process is a trustable process then maybe we can win this shit. + +If NOK hits $50, I will literally buy new fucking silverware (like expensive handmade shit with sterling silver cutlery) and eat my own shit. I don’t give a fuck whether you’d want to see it or not, because honestly boys I’d eat my shit to go to the moon and I am 200% willing to take one for the team. + +This year, BANG is for real. + +So hedgefunds, keep your ears out for the NOK NOK sounds on the door. We’re pissed and we’re armed to the teeth. + +EDIT: General cheese reporting. Post this shit everywhere. I dont give a fuck. I WILL be producing a flank strategy tomorrow. People have to know goddamn it. Monday/Tuesday will close at $7 just give it time + +The bell doesn’t fucking ring until WSB says it fucking rings. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🥵🥵 + +EDIT 2: some of you pussies are asking where you can buy NOK. The easiest way to buy it is with that fucking app all the whores on Tinder beg for food money on: Cashapp. There are literally no fucking limits and if you want an extra 2 fucking shares then use this shit when you sign the fuck up and get $10 extra buckaroos: BKXDNGQ. I also want to make it clear that everyone should share their cash apps so that we can get that $10 extra to put into NOK. I’m only doing this for the small wagecucks so if you have the money to do so, then don’t bother. This is just the only thing on the top of my head that would help out in any way + +List of reasons to buy: + +1. Most essential 5G patents in the world +2. Fastest 5G speeds recorded +3. Controls over 27% of the 4/5G market +4. First company contracted to set up internet on the moon (NASA) +5. Will receive MULTI-BILLION dollar settlements from ongoing litigations with Mercedes Benz and Lenovo +6. Technology provider and main collaborator of the National Security Center of Excellence 5G Cybersecurity Project (Federal 5G project) +7. Selected to be the main collaborator of the Hexa 6G European Union Project +8. Has pending Department of Defense contracts yet to awarded +9. Just sealed a contract with TMOBILE for US 5G roll out. +10. Has and will take market share from Huawei, already has secured multi-year deals with important Chinese companies +11. Blackrock increased their position to 333,000,000 shares during 2020, an increase of 21 million shares held from the year before (7% increase) +12. May also be getting back into the phone business as they are manufacturing phones in India +13. Vanguard Capital owns 160,000,000 shares and is continuously buying +14. Google Cloud announced a partnership with $NOK to Accelerate Cloud-Native 5G Readiness for Communications Providers +# What's Happening with Certified Financial Planners? + +[Beginning in October 2019, all CFPs will be required to act in the best interests of their clients at all times when providing financial advice.](https://www.investmentnews.com/article/20180329/FREE/180329902/cfp-board-expands-fiduciary-duty-for-financial-advisers) While many CFPs already operate this way, CFPs are currently only required to act as a fiduciary when helping clients with financial planning. + +# The Opposition + +This is a very good thing for investors working with CFPs and probably a good thing for investors in general, but what really struck me is the list of companies [responding in opposition to the new rule](https://www.cfp.net/docs/default-source/form-uploads/multi-firm-response-to-cfp-proposed-standards_final-020118-20180202-1730.pdf?Status=Master&sfvrsn=0 +). Technically, these companies only wanted to delay or limit the scope of the rule, but don't kid yourself, *they did not want this to happen*. And it's a virtual "who's who" of financial firms milking customers for money: + + - Ameriprise Financial Services Inc. + - Morgan Stanley Wealth Management + - LPL Financial + - RBC Wealth Management US + - Wells Fargo Advisors + - Edward Jones + - UBS Financial Services Inc. + - AXA Advisors + +This one is a little murkier, but there was also a [letter from Financial Services Institute (FSI)](https://www.cfp.net/docs/default-source/form-uploads/c-users-tstifel-desktop-fsi-comments---cfp-bd-revised-proposed-code-of-ethics-and-standards-of-conduct-20180202-1824.pdf?Status=Master&sfvrsn=0). They also [opposed the DOL fiduciary rule](https://www.investmentnews.com/article/20180925/FREE/180929947/fsi-celebrates-death-of-dol-fiduciary-rule-praises-sec-advice-rule). Current employers of their board members include: + + - Raymond James + - Wells Fargo Advisors + +And who sponsors FSI? There's a long list of horrible investment companies, but I'll just list out the top two sponsorship levels: + + - Broadridge (former brokerage arm of ADP) + - Fidelity Investments + - BNY Mellon / Pershing + - American Funds (Capital Group) + - Brinker Capital + - Envestnet + - Prudential + - Preferred Apartment Communities + +I was a little surprised to see Fidelity listed as supporting this organization. I've long said I don't 100% trust Fidelity (especially their financial advisors) to be looking out for individuals, but this is seriously bad company to keep. + +But wait, there's more! The [Securities Industry and Financial Markets Association (SIFMA) wrote an opposing letter too.](https://www.cfp.net/docs/default-source/form-uploads/c-users-tstifel-desktop-sifma-comment-on-reproposal-final-20180201-1449.pdf?Status=Master&sfvrsn=0) Board members come from such companies as: + + - Broadridge + - Wells Fargo Advisors + - Morgan Stanley + - Edward Jones + +And I don't want to leave anyone out here. Another letter urging delay came from The [American Council of Life Insurers (ACLI)](https://www.cfp.net/docs/default-source/default-document-library/acli-to-cfp-board-standards-of-care-letter-final-2-2-18.pdf?Status=Master&sfvrsn=0). I'm not going to list out all of the life insurance companies that peddle life insurance as an investment, but the ACLI Board Chair is the Transamerica President & CEO Mark Mullin. Transamerica is the parent of World Financial Group. + +# Supporting + +In contrast, NAPFA (an association of fee-only financial advisors) wrote a [letter of support](https://www.cfp.net/docs/default-source/form-uploads/revised-cfp-standards-comment-letter---napfa-020218-20180202-1556.pdf?Status=Master&sfvrsn=0). + +There were also a slew of individual CFPs writing letters in response to the proposal. I'm not going to try to summarize those given the sheer number of letters, but I did read a few letters in support of the new fiduciary standard (nowhere near a scientific sample, though). + +# What Does This Mean for You? + +A lot of people here recommend learning enough about investing so you can manage your own investments, but if you find yourself in a complex situation and in need of professional help, read the [wiki article on financial advisors](https://www.reddit.com/r/personalfinance/wiki/financialadvisors) first. + +You also don't need to wait until October 2019 to get trustworthy advice. Many CFPs are members of NAPFA which already requires their members to always act in the best interests of their clients. + +And be wary of financial companies that are actively working against your interests. + +**TL;DR: Wells Fargo Advisors, Edward Jones, Morgan Stanley, Raymond James, and Fidelity (?!)** +I don't *think* there is an impending crash coming. But at the same time articles like this make things seem awfully frothy (in addition to all the other market crazyness). Shades of the runup to GFC. + +A selection from the article: + +&#x200B; + +>The house isn’t for sale, but that isn’t a problem for bargain-hunting real-estate speculators. They call Mr. Vukotich multiple times a week offering to buy it. They fill his mailbox with fliers teasing all-cash deals and quick closings. Mr. Vukotich guesses he has received more than 100 inquiries. + +.. + +>Investors often buy lists of homeowners from companies that scrape public data to find homes that fit their criteria. Mr. Schindehette said he found the elder Mr. Vukotich on three lists, including one of people who don’t live in the homes they own. +> +>he mails out between 5,000 and 20,000 of these cards each month to homeowners in 20 ZIP Codes. He got into the real-estate game after he attended a tutorial event. +> +>A successful response rate for his note cards would be 1%, Mr. Schindehette said +> +>A rule of thumb popularized by real-estate websites such as BiggerPockets maintains that investors should never offer to buy a house for more than 70% of the after-repair value, minus the cost of repairs. + +.. + +>Some buyers don’t put their own skin into the game. They negotiate to buy the property on behalf of another investor and never take ownership. They are paid for finding the property by taking the difference between the seller’s price and the buyer’s price. This tactic, known as wholesaling, doesn’t require capital to get started, so the barriers to entry are low. In some areas, wholesalers have been accused of cajoling poor homeowners into accepting lowball offers, prompting [state and local governments](https://www.inquirer.com/news/real-estate-wholesalers-flippers-regulation-realtors-philadelphia-law-20201119.html) to crack down on them. + +.. + +>As the pandemic wore on, local real-estate investors noticed that their ranks were swelling. That means more phone calls and mailers. For homeowners who do pick up the phone, it means more options. For investors, it can mean higher prices. +> +>“They’re sitting there with a stack of postcards, and they’re like: ‘If I don’t like what I hear from you, I’m going to the next guy,’” Mr. Bell said. + +[https://www.wsj.com/articles/wild-housing-market-made-his-modest-home-a-hot-property-11622885400?mod=hp\_featst\_pos5](https://www.wsj.com/articles/wild-housing-market-made-his-modest-home-a-hot-property-11622885400?mod=hp_featst_pos5) +I'm considering investing in a property in Turkey. However I feel this would apply to any country with the same currency issue. I'm concerned about the gradual and continuously increasing value differential between the Turkish lira and the US dollar. If that continues for 10 more years, would that mean that I would likely lose money should I sell 10 years from now? Here is a graph from google showing the value of the Turkish lira compared to the US dollar since approximately 2005. + +[https://i.imgur.com/WMaSbLw.png](https://i.imgur.com/WMaSbLw.png) + +I don't know much about real-estate investment. Is there something that makes this issue irrelevant, or am I right to be concerned? + +I have contacts in Turkey who could manage maintaining and renting the property out for me. +Hey everyone! I’m really looking for some advice. I’m 27, in school for engineering. The problem is I just started, so I will most likely graduate in my mid 30s. That’s not a huge issue, but a part of me wants to get into real estate. + +Any advice? School costs time and money, and real estate will cost time and me saving money. I guess I’m tired of being close to 30 and still not having much money or much to show for. I really want to get into business and start making some real money. +I'm considering investing in a property in Turkey. However I feel this would apply to any country with the same currency issue. I'm concerned about the gradual and continuously increasing value differential between the Turkish lira and the US dollar. If that continues for 10 more years, would that mean that I would likely lose money should I sell 10 years from now? Here is a graph from google showing the value of the Turkish lira compared to the US dollar since approximately 2005. + +[https://i.imgur.com/WMaSbLw.png](https://i.imgur.com/WMaSbLw.png) + +I don't know much about real-estate investment. Is there something that makes this issue irrelevant, or am I right to be concerned? + +I have contacts in Turkey who could manage maintaining and renting the property out for me. +Hey all, + +I learned recently my senior engineer is leaving and I have been tasked with taking on a lot more of his responsibilities. I am currently a Junior Engineer and this serves as the best opportunity for growth. I have scheduled a meeting with my manager to discuss things going forward with these new changes. With these new added senior level responsibilities, would it be appropriate for me to ask for a promotion and additional compensation for the work I would be doing? If so, what is the best way to approach this situation? +Hi + +I currently earn around £800 a month in retail. I’m starting a new job soon, not in retail, which will mean my take home pay will be around £1100. + +I’m hoping to start learning to drive (if I am allowed due to medical conditions) so that will cost a bit + +Thing is right now I budget and I end up way over spending (this month I am getting a tattoo, but I wanted another one for ages and that’s worth it) but I do struggle with small things (buying food not at meal times etc - I have an eating disorder so I spend a lot on food). + +I really struggle with... keeping in control and not being too impulsive. I’ve been on the waiting list for therapy for over a year but I think therapy would really help. + +This time last year I was unemployed having just left university, and was £1000 overdrawn with no savings. Now I am out the overdraft with £300 saved up (not a huge amount). Tbh one of the things I am saving up for is tattoos... I know I want to have saved £2000 by the end of this year though. + +I look here and I see people my age, 22, with graduate jobs and earning so much more and with savings and I feel like I am still living like a teenager with my money. I’m very generous with my friends and family but I love buying things for the people I love. + + +Any advice really about... stopping being so impulsive? I posted here a while back and I mentioned I am bipolar and I got told to grow up so please be nice + + +I don’t know how to be stricter with myself + +:( + +Edit: also, I know I am not doing brilliantly but I am doing okay. I know a lot of people my age with a lot of credit card debt etc (I have student loans debt but that doesn’t really count) so I am ? I am pleased I have not got a credit card +Crypto twitter is going wild this weekend. Huge implications with these associations. + +Kevin O'Leary of Shark Tank outed as one of FTX's top supporters leading up to the bankruptcy filing (probably a partner in crime). The person revealing this is actively receiving death threats. + +Would not be surprised to see massive volatility in crypto within the next 24-48 hours. + +https://twitter.com/Bitboy_Crypto/status/1594493946431930368?t=WjP7d7XDW7iz-b1rIwBpLw&s=19 + +Former Citadel employee Brett Harrison emerging as bigger figure in all of this than previously thought. Apparently, has worked closely with the Fed and CFTC. He stepped down as FTX.US president on Sept 27th (probably knew what was coming). Also, ran FTX stocks and FTX.US derivatives. + +https://twitter.com/digitalassetbuy/status/1594458715822125056?t=PJNSk3U0C9Z9R6aJDT1PWg&s=19 + +https://www.coindesk.com/business/2022/09/27/crypto-exchange-ftxs-president-brett-harrison-stepping-down/ +I grew up in a house without much money. While my folks did an incredible job raising 3 kids under the circumstances, the dept collectors, penny pinching and general environment left a lasting impact on me and my relationship with money. + +My goal has always been to have enough money to survive. I remember thinking once I earned £35k I’d have made it - all my money stress would leave. When I hit that figure nothing really changed… it felt like a false summit and it really bummed me out. + +Each salary increase felt much the same. Like it’s not the answer. It’s hard to explain - I wonder if others can relate? + +Fast forward to now - I earn x4 that figure and my wife is also a high earner. We’ve recently bought a house, sorted out our finances and thankfully I’m saving about 50% net/m. I should be feeling ok. Like I’m in a good place. + +But I have that same feeling / realisation I had when I hit £35k. Like it’s not enough. What if x happens. I need to have x in my pension and x in my S&S ISA…. But when I do will I feel the same again? + +Anyone else had the same feelings? Any tips to help manage? + +TL:DR - childhood money stress has me feeling like I can’t earn or save too much. This normal? +Hi all, + +Newsflash! Fudelity participates in PFOF! + +Admittedly, I'll need adults in the comments to help me put this fully together and point out flaws in my logic. + +So I'm sure everyone saw the post of how Fidelity can lend like 13m shares of GME today... I think this is relevant to this. + +In this article from 2019, Schwab CEO says that Fidelity's pfof is not the full story and it has an interesting paragraph: + +"Fidelity, which is the sole major U.S. online broker that does not accept payment for equity order flow, explained that it provides "retail investors with access to better prices" by internalizing their stock orders. The company's spokesperson added that Fidelity uses payment for order flow in the options markets because those are "structurally different than equities." + +https://www.spglobal.com/marketintelligence/en/news-insights/trending/IiJL9zOpAk76f_BrDunluA2 + +So Fidelity doesn't route our buy orders through dark pools but it does options... + +So how would this work? My theory (which could be wrong) is that they're doing this through call options. They don't route our equity buy orders through dark pools. But they can still write options on our shares. So they can write a call for 100 of our shares as the underlying and send them to the dark pool for Kenny to exercise. And hence our shares are in Kenny's possession. + +If this is how this is working, Fidelity is still fucking us hard. And the only way to stop this is to DRS. + +Looking for someone with wrinkles in the comments to comment on this. + +Also Fidelity needed to secure real shares when transferred from a different broker. But after it does so, it can replace it with a synthetic and loan out the real share again. Holding shares on a cash account literally doesn't matter. DRS is the only option left +Warm ANZAC greetings 👍🏻 + +Hoping I might be able to get some opinions on an offering at a workplace I’m considering moving to. + +They offer deferred salary- that is, receive 80% of your salary for four years, then take your fifth year off and receive your standard (80%) pay that whole year. + +The disadvantages are you don’t earn any interest on that money, and if you pull out early you’ll be heavily taxed. + +The advantages are what you get paid in the fifth year is what you earned in the fourth year, not an average of all four years, so you make money off it, and you get 12 months off work with your job waiting for you when you get back. + +Not asking if you would do it - just asking if it makes good or bad financial sense? + + +So, as the title says. I have ( had. Denied application may have lowered it.) a credit score in the 730s. Applied for a better card. (With rewards!) Credit Karma recommended. With some research nerd wallet gave it a good review. So, I went for it. Denied. + +Where should I go from here? I think it may be my income that held me back from getting approved for the card. As the rest of my credit is squeaky clean. Any advice on what cards I should be applying for? I believe raising my credit limit, having more than a single line of credit to expand my credit history etc. would really help my score and future car/mortgage prospects. +Avantis has just released an ETF of ETFs; it's an interesting concept that I'd like to harvest some opinions on. Has this ever been done before? As most of you know many of the following ETFs have an E/R of .35 while holding the ETF directly which, in theory, provides a 28.6% discount. Is that enough to surrender manual portfolio balancing? Is this something you would consider holding if you were a brand new investor about to build their first portfolio? How does the community feel about AVGE as a one and done portfolio? Please share your thoughts and observations. Relevant information follows. + +Ticker: AVGE + +Expense ratio: .25 + +Objective: Seeks long-term capital appreciation. + +Intraday ticker: AVGE.IV + +Inception date: 09/27/2022 + +Benchmark: MSCI AC WORLD IMI + +CUSIP: 025072232 + +ISIN: US0250722321 + +SEDOL: BM9YZC3 + +Exchange: NYSE Arca + +Distribution frequency : Semi Annual + +Total asset: $1,370,369.17 +____________________________________________ + + + +Portfolio: + +AVUS - US equity: 44.83% + +AVLV - US large cap value: 15.17% + +AVDE - international equity: 10.04% + +AVEM - emerging markets equity: 5.90% + +AVUV - US small cap value: 5.05% + +AVIV - international large cap value: 5.04% + +AVSC - US small cap equity: 5.02% + +AVES - emerging market value: 3.94% + +AVRE - real estate ETF: 2.98% + +AVDV - international small cap value: 2.02% + +US DOLLARS - 0.01% + +State Street institutional US Government Money Market Fund: 0.01% + + +Edit: I apologize for the mediocre formatting +Hey guys, I’m a complete beginner I’ve only just started to research what etfs are, I pretty much know nothing on investing. My question to you guys/girls is what you say etfs are a good long term investment now even though the economic outlook isn’t looking good ? +Since airlines are suffering the most because of pandemic, is it good time to invest into JETS? That’s only airline ETF I could find. Are there any other ETFs to play airline stocks? +I plan on splitting money into VTI - 40%, VXUS - 20%, AVUV - 20%, AVDV - 20%, How is this? Is this at least somewhat balanced and sustainable? Trying to go for an aggressive (small cap and international lenient) portfolio. +Like a lot of people I want to invest in companies that have similar values to mine or that claim to do "good." The most troubling thing though is that there is no clear definition of ESG and on top of that there is a lot of greenwashing going on. + +Came across [this article](https://www.bloomberg.com/graphics/2021-what-is-esg-investing-msci-ratings-focus-on-corporate-bottom-line/) in Bloomberg talking about how MSCI's ESG ratings are a scam. Then earlier this week came across [this piece](https://www.wsj.com/articles/esg-investing-can-do-good-or-do-well-but-dont-expect-both-11643033321) in the WSJ on how investors have to make a choice between returns and "doing good." + +I came across [this](https://app.composer.trade/symphony/BHqkTvrR230ReVCgSReB/details) strategy that invests in Sin ETFs as a hedge for when the market starts to turn. + +&#x200B; + +[The performance seems to track the S&P 500 pretty closely.](https://preview.redd.it/exvq5lzyy4e81.png?width=2798&format=png&auto=webp&s=50606ac244af004282560776f896884e0ed32296) + +https://preview.redd.it/ehjcswgaz4e81.png?width=2740&format=png&auto=webp&s=ae7f9ba3d10ca0633e2e0ed809fc6fec376a40a0 + +However, given the market over the past few years it's only exited into 'Sin Stocks' a few times. + +https://preview.redd.it/cotm5ly7z4e81.png?width=2770&format=png&auto=webp&s=f6581a317eb67bf7adec5cebe515ddce39b9c400 + +How are other people thinking about incorporating ESG? + Hi All -- I am a big believer in cloud technology. I am looking to open about a $2200 position in this tech. I love $GOOGL and SKYY. Would I be better off buying just one share of GOOGL or buying 20 shares of the ETF $SKYY? This would be a 5-10 year position. Thoughts? I have a pretty robust portfolio of your usual Vanguard suspects. Thank you for any feedback! Yes - I am aware that I am comparing a single company share against an ETF. +I like Cathie Woods, but looking at ARKK’s holdings I think my portfolio would be better with KOMP. KOMP has much lower expense ratio and more diverse holdings. Is there something I’m not factoring in, and or other ETF’s that focus on disruptive innovation you all would recommend? +Tonight’s report has been built up to be a make or break point for GME. I want to caution my fellow autists from reading too much into this single piece of data. Let’s start with what we know about tonight’s report: + +1) This report is based on self reported data. + +2) The fine for misreporting, if caught, is pennies on the dollar compared to the costs to cover. + +3) The data report covers up until the 29th. + +So what are the possible outcomes: + +1) Data is accurate, HF covered: I believe at this point GME becomes a long play. There is the potential for an acquisition or a turn around/pivot in the business model. The play is buy (DCA) and hold. + +2) Data is accurate, HF did not cover: I believe the play here would be to buy as much as you can. This would push up the price pushing more expiring calls ITM and put further pressure on the HF. We would likely get a significant influx of new investment interest from retail and the squeeze is on. The play is buy and hold. + +3) Data is inaccurate: This is the most likely outcome given the money at stake. If it shows they haven’t covered then there would be no real sense in putting out false data. If it shows they have covered then it becomes a gut call. Personally, the continued bots and media coverage seem to still indicate that something is amiss otherwise why go through all that effort, expense, etc. The play is buy (DCA) and hold. + +In all three scenarios buy and hold seems to be the most prudent course of action. The only reason to sell IMHO is if you believe GME will go bankrupt. + +Ok so I’m going to buy if I can or continue to hold ... what could happen that would turn this around? + +1) If not covered, a whale investor or fund deciding to purchase this serving as a catalyst for a true squeeze. Elon, Cuban, another HF, etc. Personally,I have my Tesla in my shopping cart already. + +2) If not covered, GME reverse stock split. This could force a true squeeze though likely would not happen until the stock gets back into single digits. + +3) If not covered, emergency shareholder meeting. My understanding this would cause a recalling of shares to allow the shareholders to vote, this initiating the squeeze. + +4) If covered or uncovered, significant renewed public interest in GME. A lot more likely if uncovered, but it’s a strange world we live in so I wouldn’t completely rule it out if they covered. + +5) If covered or uncovered, GME public offering of 10 million shares at $x price (we will say $200). This sets a bottom for the stock in the short term, I believe most who are already in the stock would see value in putting billions into the company coffers either for stock support on a cash balance basis or to be a war chest to facilitate the turn around. I am actually a bit puzzled why this hasn’t already been done. + +6) If covered, GME being acquired by a major player at a reasonable price. This would ensure continuing good will from the existing shareholders and would ensure the GameStop name lives on. + +7) If covered, GME makes a strategic purchase or alliance that then starts to justify a higher evaluation. + +Obviously these are the thoughts of some retarded ape. Full disclosure, I am currently down around 100k in my positions on GME. In my mind, the invested funds were completely lost at the moment of purchase so it doesn’t bother me to hold forever or until I win, whichever comes first. 🦍🙌💎🚀🌕 + +Edit: The report is supposed to reflect until the 29th. + +Update: It appears the FINRA report officially states 78.46%. +> The chairman of a leading Chinese state bank on Sunday warned Chinese investors not to buy property now because “there’s no money to be made” due to high prices and alarming vacancy rates. + +> Tian Guoli, the chairman of China Construction Bank, which provides mortgage loans to millions of Chinese households, said that the room for further property price rises was limited and it was unwise to buy at current rates, according to the portal Sina.com. + +> “There’s no money to be made if you buy a flat nowadays. If you insist on buying a home, aren’t you trapped at the high price level?” Tian told a forum organised by Peking University’s Guanghua school of management. + +> The warning by Tian, who is an alternate member of the Communist Party Central Committee, came at a time when the country is in heated debate about the role of the property market – whether it will lead to an bust or whether it can help shore up the economy. + +https://amp.scmp.com/economy/china-economy/article/2179289/chinese-state-bank-chief-warns-against-buying-property-now#click=https://t.co/ZRHbrPun3Y +Hello, just a quick question. I'm currently paying £10.38 per month with EE for 1GB of data per month and unlimited texts and calls, which I feel is a lot. + +After seeing Virgin Media's 10GB for £10 I phoned EE to see if they could match that deal, but the best they could give me was 6GB for £12. + +I was just wondering what everyone pays for their mobile; do EE give better deals than this to anyone else? Is 6GB for £12 a lot? + +EDIT: Thank you so much for your help and all of your comments. I thought I would update this in case it helps anyone... I phoned EE yesterday asking for my PAC number. When they asked why I was leaving, I explained that I was going to go with Virgin Media's 10GB for £10, unless they could offer me the same or a better deal. EE offered me 6GB for £10 as well as 10GB for £12 (both were much better than my old contract and had unlimited texts and calls) to encourage me to stay. +Note: I’m talking about “trustworthy” national companies like Safestyle, Wren Kitchens etc. I have bought from these companies in the past and the product/service has been fine so I’m not talking about “cowboy” companies. However, they both kept dropping the price and threatening it being a today-only deal. I just want to be armed for next time. + +I am soon to buy a new house and I need to know roughly how much a conservatory would cost but they all vary wildly based upon the company and how much the buyer haggled. (Obviously size is a factor) + +Similarly, the house may need a new kitchen and some companies just keep dropping their price. + +Finding it hard to budget as initial quotes are crazy high and I’m not in a position to buy just yet as I haven’t bought the house! + +TIA! +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +For some reason, the short hedge funds decided that yesterday was a great day to drive the price down and offer a tasty dip on the stock we like! Remember how I said that it had been too long since I last purchased shares and was going to buy some more? Well, you're reading the words of the proud new owner of 20 more phantom shares. There are many signs that we are reaching the culmination of months of HODLing - now might be a great time to consider your pre-MOASS positions. + +Between the frenzy of flights of Ken's jet, the new record reverse-repo participation, DD on shady Cayman Islands companies, I don't know what excites me most. GME continues to be entertaining, and all we have to do is buy and HODL with Diamantenhände. I am proud to be among the ranks of so many fantastic Apes - this worldwide community sustains us all. Thank you for showing up daily! + +Today is the *penultimate* day of trading this week, Thursday August 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$156.86 / 133,32 €** *(volume: 1012)* +- 🟩 115 minutes in: $158.68 / 134,88 € *(volume: 896)* +- 🟥 110 minutes in: $157.48 / 133,85 € *(volume: 795)* +- 🟩 105 minutes in: $157.49 / 133,86 € *(volume: 744)* +- 🟩 100 minutes in: $157.36 / 133,75 € *(volume: 717)* +- 🟥 95 minutes in: $157.14 / 133,56 € *(volume: 682)* +- 🟥 90 minutes in: $158.21 / 134,47 € *(volume: 576)* +- 🟩 85 minutes in: $158.55 / 134,76 € *(volume: 576)* +- 🟩 80 minutes in: $158.54 / 134,75 € *(volume: 505)* +- 🟩 75 minutes in: $157.80 / 134,12 € *(volume: 370)* +- 🟥 70 minutes in: $156.57 / 133,07 € *(volume: 370)* +- 🟩 65 minutes in: $156.96 / 133,41 € *(volume: 332)* +- 🟥 60 minutes in: $156.93 / 133,39 € *(volume: 314)* +- ⬜ 55 minutes in: $157.23 / 133,64 € *(volume: 314)* +- 🟥 50 minutes in: $157.23 / 133,64 € *(volume: 311)* +- 🟩 45 minutes in: $157.30 / 133,70 € *(volume: 311)* +- 🟥 40 minutes in: $157.29 / 133,69 € *(volume: 309)* +- 🟩 35 minutes in: $157.34 / 133,74 € *(volume: 301)* +- 🟥 30 minutes in: $157.18 / 133,60 € *(volume: 278)* +- 🟥 25 minutes in: $157.30 / 133,70 € *(volume: 226)* +- 🟩 20 minutes in: $157.54 / 133,90 € *(volume: 181)* +- 🟥 15 minutes in: $157.52 / 133,89 € *(volume: 158)* +- 🟩 10 minutes in: $157.58 / 133,94 € *(volume: 154)* +- 🟥 5 minutes in: $157.55 / 133,91 € *(volume: 152)* +- 🟩 0 minutes in: $157.67 / 134,01 € *(volume: 33)* +- 🟥 US close price: $157.05 / 133,49 € *($156.99 / 133,44 € 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 1.17651903. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Good Morning You Diamond Fisted F\*cks ! + +Well congrats on not being a paper-handed bitch and welcome to another day of smashing the blunt end of your crayon into charts. + +https://preview.redd.it/kuwaf20lhdb71.png?width=589&format=png&auto=webp&s=90db2a631b6c3f7f96f7ba53dc91f0fa705bbc68 + +We got absolutely smashed down yesterday arguably some of the most concentrated effort I have ever seen to drive the price of a stock down. + +Now we can bounce... + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oi6c88/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +A nice bounce from our after hours low of $151 closing the day solidly up $16 dollars even though MSM will only note the -.024%. Thank you all for tuning in. I will see you bright and early tomorrow for more gains. + +\-Gherkinit + +https://preview.redd.it/t3jwtjhgnfb71.png?width=2072&format=png&auto=webp&s=162b6e6073fcde447cd6abd8d69a79aa21893b0b + +&#x200B; + +[Another $50 million...](https://preview.redd.it/ge3ouldwnfb71.png?width=357&format=png&auto=webp&s=da1f5b7f6ef2a5dccd159fa57297e5759e277ccf) + +Edit 8 2:40 + +Broke through resistance. Upgraded rocket for more thrust = bullish + +https://preview.redd.it/627fcrmt8fb71.png?width=1637&format=png&auto=webp&s=65d02057855617753f187eef370b1050d12d73f3 + +Edit 7 2:16 + +Nice trend reversal looking to the test at 162.5 this is a good signal moving towards power hour + +https://preview.redd.it/1vmsekrf4fb71.png?width=1642&format=png&auto=webp&s=250bcdfc211c8b42974e7c0624d2c146dee6908d + +Edit 6 1:20 + +Break up from this intraday descending wedge? + +https://preview.redd.it/8z4gikmgueb71.png?width=1639&format=png&auto=webp&s=cc3e2e579b8b692ee923e60eb30de072c252bbfd + +Edit 5 11:49 + +Head and shoulders fell off expect a drop to \~161. Volume drying up as well. + +https://preview.redd.it/dtej22o3eeb71.png?width=1635&format=png&auto=webp&s=6b48b1437cf42fcbfa59c01956ca46902c214a90 + +Edit 4 11:39 + +Fell down below VWAP on that sloppy head and shoulders but looks like we are bounce back before bottoming out + +https://preview.redd.it/s7mj906iceb71.png?width=1632&format=png&auto=webp&s=b03b4f0adaa3148db7418a1816ad7e29649d0cb6 + +Edit 3 11:13 + +Nice double bottom bounce into an ascending channel hopefully this will see us another test @ $170 + +https://preview.redd.it/o75mcvsy7eb71.png?width=1623&format=png&auto=webp&s=4f01e376e39cb8ad547a52e16d830146857d4daa + +Edit 2 10:28 + +Still buying itm puts $2m worth in the last 28 minutes. But they are running out of open contracts...lol. As soon as the pressure let's up we go REEEE again. + +https://preview.redd.it/wm9w22mszdb71.png?width=1634&format=png&auto=webp&s=ba7037478804d72ed3d4ddb9b2f0b71f2bf176d6 + +Edit 1 9:46 + +Straight up consolidation at 170 almost 1m volume + +https://preview.redd.it/xexpn96asdb71.png?width=1636&format=png&auto=webp&s=16b18f3bd25bc9abfa9a3be2ffd6c3d2f5e4e0f7 + +# Pre-Market Analysis + +Sitting around 70k volume with 150k shares to borrow. Our pre-market volume is actually pretty high so far . I expect 157 to be a strong support yet again. Between GME's and ETF option chains, it looks like they have dropped near $0.5B on tanking the price this week. Expect more fuckery today. + +https://preview.redd.it/v12de1vohdb71.png?width=1634&format=png&auto=webp&s=553e7ba0b13f852ec6711c09e84937889238af1c + +Another thing to not, due to the big price drop yesterday and massive European market volume this morning we are seeing a spike in CV\_VWAP. I will monitor this for a jump to the signal line. + +https://preview.redd.it/2ihwfc3qhdb71.png?width=1301&format=png&auto=webp&s=94c75615e1863157f4a9c3877c3b07ce2c002a58 + +The rest of the technical indicators have broken down currently due to adverse market conditions, If we bounce and return to the expected price movement I will let you guys know. + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +It’s like not matter what I put my money into, I lose it. And anything I sell for small profits, moves up like crazy within the next few hours or days. HOW CAN I BE THIS BAD??? + +I’ve spent over a year now learning about the market and to implement successful trading strategies but non of it fucking works. I just wanna stop throwing money down the toilet. + +I’m not looking to “hit the lottery” or buy the the next TSLA at $8. I just want to make a a nice, few hundred bucks a week if possible alongside my other investments. + +Please tell me how to not lose my money on every. Single. Trade. + +Edit: I invest in etfs and indexes in another account. I have crypto and I am saving up to buy real estate. I have this account and a percentage of my income allocated to options. I am not simply going to quit and stick to stocks. I WILL learn to trade options successfully just not immediately, but definitely. So I am simply going to save up my monthly options budget until I can sell options and in the mean time paper trade, and find a strategy I like. Thanks for all the advice everyone! Happy trading. +Guten Tag to this global band of Apes! 👋🦍 + +It is endlessly entertaining to me that the SHFs can work so hard to drive us off, and it only encourages us more. +Yesterday started with a steady downward drive, eventually rebounding a bit and trading astonishingly flat for much of the day. +It seemed to me that they were trying to set a new ceiling to ensure that the end-of-week price is below $40, though that could be entirely unrelated. +Fortunately, there is no keeping GME down for long, and we finished up for the day! + +Unfortunately, there doesn't appear to have been any further resolution of the way that the split-by-dividend was implemented at most brokerages. +The DTCC continues to insist that a forward stock split was the correct action. +At this point, I'm not certain that they'll *ever* resolve the discrepancy. +Fortunately, we have confirmation from ComputerShare that they know *exactly* how the splividend should be implemented, and have credited all GME accounts with the dividend shares. +Whether the DTCC wants to provide the dividend shares to their member brokerages, there is one certain method to wrest the shares from their hands: DRS. +When a DRS request is fulfilled, real shares are transferred to ComputerShare and held in the name of the owner. +The shares that GameStop provided to ComputerShare, and ComputerShare relayed to the DTCC haven't been distributed to the brokerages, but many of those shares make their way back to ComputerShare daily. +Whether the DTCC likes it or not, we are getting our splividend shares. + +I will be traveling next week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Thursday, August 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$39.95 / 38,97 €** *(volume: 3262)* +- 🟥 115 minutes in: $39.89 / 38,91 € *(volume: 3161)* +- 🟥 110 minutes in: $39.97 / 38,99 € *(volume: 3151)* +- 🟥 105 minutes in: $40.01 / 39,03 € *(volume: 3111)* +- 🟩 100 minutes in: $40.06 / 39,08 € *(volume: 3050)* +- 🟥 95 minutes in: $39.90 / 38,92 € *(volume: 3045)* +- 🟥 90 minutes in: $40.08 / 39,09 € *(volume: 2640)* +- 🟥 85 minutes in: $40.13 / 39,15 € *(volume: 2630)* +- 🟩 80 minutes in: $40.14 / 39,15 € *(volume: 2618)* +- 🟩 75 minutes in: $40.07 / 39,09 € *(volume: 2508)* +- 🟥 70 minutes in: $40.05 / 39,07 € *(volume: 2508)* +- 🟩 65 minutes in: $40.26 / 39,27 € *(volume: 2374)* +- 🟩 60 minutes in: $40.18 / 39,19 € *(volume: 2243)* +- 🟥 55 minutes in: $40.03 / 39,05 € *(volume: 2208)* +- 🟥 50 minutes in: $40.05 / 39,06 € *(volume: 1605)* +- 🟥 45 minutes in: $40.14 / 39,16 € *(volume: 1255)* +- 🟩 40 minutes in: $40.15 / 39,16 € *(volume: 1237)* +- 🟩 35 minutes in: $40.07 / 39,09 € *(volume: 1178)* +- 🟥 30 minutes in: $40.07 / 39,08 € *(volume: 1094)* +- 🟥 25 minutes in: $40.08 / 39,09 € *(volume: 1082)* +- 🟥 20 minutes in: $40.09 / 39,11 € *(volume: 969)* +- 🟩 15 minutes in: $40.10 / 39,11 € *(volume: 834)* +- 🟩 10 minutes in: $40.09 / 39,10 € *(volume: 834)* +- 🟥 5 minutes in: $40.09 / 39,10 € *(volume: 767)* +- 🟥 0 minutes in: $40.11 / 39,12 € *(volume: 683)* +- 🟩 US close price: $40.53 / 39,53 € *($40.50 / 39,50 € 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 1.0252. 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! +Or, what goods don't ever get worse? As in, the first Coke is awesome, the second is good, the third is alright, etc... + +Transportation doesn't work, drugs don't really work, and I'm stumped. Can anyone help? + +EDIT: Cash isn't the right answer. The first dollar you get is worth a lot more to you than the millionth one. While they may be worth the same empirically, their worth to you declines. +Think about it. RC isn't buying synthetics. The market has been flooded with synthetics for YEARS. If & when those orders go through, each share purchased from the market must be a valid GME share issued by Gamestop. And if none of the shares are real, what do you think is going to happen to the share price? + +Edit: Everyone is losing their minds over the title including "retail orders". I meant retail market orders you goobers. And I apologize from the bottom of my cold, dead, hedge fund hating heart. 🚀 +Apparently I don't understand shit when it comes to stocks lol the fucking call calculator told me I should b up 1k but instead I'm down nearly 80% because of some bullshit thing called IV crush I do not get how puts and calls can lose money when it went up so fucking high from earnings. Whatever this retard is done with stocks folks I'll just save my money like a normal person and make my monthly car payment and die poor I guess. 🙃 I'm more angry at myself then anything because obviously I have to smooth of a brain to understand simple shit like IV crush and I figure if I don't understand the game why play it. Luckily I'm not financially broke my dreams r just crushed for now + +Edit: okay well maybe I'll b back I'm not sure if I learned my lesson yet +**BACKGROUND** + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My net worth at that time was $1,333,772 (with home/land). Our actual withdrawal rate is much less than the original 3% of portfolio due to: occasionally earning additional passive income; receiving an unexpected $30k windfall in 2018; and purchasing my parents home at a greatly reduced price in 2019 (below). The budgeted maximum withdrawal amount for 2021 is $3,904/mo or $46,858/yr (now 2% of net worth). In 2017, it was $2564/mo ($2682/mo adjusted for inflation). We’re so far out of danger by historical precedent that spending is no longer a thought. The road of questions about what I do for health care (subsidies and their ambiguous morality), why retail pharmacy is so bad (below), and whether my situation is from determination or privilege (a lot of both) has been well tread. + +**Career**: I am a former retail pharmacist who hated both his job and 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), and revenue from an ebay business while in college ($10k), and student loans ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. Our savings rate was about 70% on average. My parents initially promised to cover the student loans out of what they deemed to be principle, but we assumed them when purchasing their home/farm in 2019 ($380k + assumption of student loans + free rent for life, for an estimated $750k home/farm that is now probably closer to $900k). + +**Finances**: 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 was initially 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). After the purchase of my parents’ home/farm, our net worth is closer to 50% real estate (one house with 28 acres and another house with 66 acres) / 50% VTSAX (total US stock market). We also hold roughly $50k in belongings not included in the portfolio. My spending model places no dependence upon possible future employment, social security, other inheritances, universal health care, or universal basic income. The final balance will be left to charities and worthy causes. + + +**2020 RECAP** + +**Spending**: Living expenses for 2020 came to $39,458 (max budget $41,736). We generated $8,045 of income this year from some almost entirely passive stuff. Our investment withdrawal was $31,413 this year, thus our pro-rated, annually-adjusted withdrawal rate was 1.51% for the year (max budget 2%). Without the additional income stream, our withdrawal rate would have been 1.89% for the year. Spending guideline for 2021 will be $46,858 (2% of net worth). Our net worth has gone from $1,333,772 (start) to $2,342,926 (current). Did I panic when the market corrected 40%? No. Howling monkeys are always gonna howl. I rode it out, got all of it back, and padded the portfolio even further. The New York Times reached out to me again in March to see if I was financially ruined, but I had to disappoint them. + +**Experiences**: I ran nearly 2000 miles after my competitive running career came to a close (personal records: 5:12 mile, 17:37 5k, 36:39 10k, 1:17:38 HM, 2:43:12 marathon). That’s way down from 3000 miles in 2019, but I switched over to cycling (2000 miles) primarily during the summer (marathon training carried over, so my wattage [261w / 3.6 FTP] would put me around a good Cat 4 or bad Cat 3 racer if I ever were to compete). I allowed the pandemic and others’ imbecilic denial of reality surrounding the pandemic to make this a less productive year. I mostly stayed home and stuck with existing hobbies (reading, gaming, watching movies, web browsing, vintage card/nintendo collecting, hiking, bird watching, shopping for my parents, following the near demise of our republic). I even reapplied with my old employer and the state volunteer medical core to help with immunizations for the upcoming year, but I am apparently not wanted. + +**Upcoming**: In 2021, I want to get vaccinated so that I can return to society, learn to swim effectively without a snorkel, learn to play some basic piano, look into becoming a race director, continue running for my physical/mental health, find some new volunteer opportunities, decrease my time in the digital world, spend more time with existing hobbies, make up for lost traveling (California #3, Hawaii #2, Japan #3), and continue to do whatever the fuck I want. +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Hey all, I'm looking to transfer my RRSP from my Sunlife account to either WS Trade or Questrade (still undecided). My gains are below market and the mutual fund fees are roughly 2.5% which I want to lower because that's too high considering the ETFs available (XEQT ftw). I was wondering if anyone else has transferred from Sunlife or a place like that and how did it go? I'm assuming once I transfer funds, I'll need to close the account to stop my weekly contributions. + +Any tips and advice is very welcomed! Thank you. +No doubt lip service as China has benefited massively from unequal trade and unfair treatment of Intellectual Property. I do believe China will open up, but not without massive concessions. Xi Jinping and the rest of the world knows that Western governments have knowingly taken advantage of Chinese labor and markets to further their own economies. Perhaps there is an irony in all of this. The governments that tried extorting cheap labor from a country are now complaining that that country is "fighting back". Now that China is strong, Western governments want a fair playing field. That's not how international relations work. There will be concessions for free access to China, and Western governments will agree to them. The smart will read through the lines, and the dumb (Trump?) will view this as a massive victory. + +Either way, futures are up bigly. +I'm trading for almost 2 months now and my account is up 2k with 5k as initial balance. My strategy is to only trade ONE stock every morning and will stay out of the market around 9:35am-10am. I'll be basing my trade on a news and will cut my losses short if I'm wrong and following Mark Douglas approach that every single trade is just random. I will try another strategy moving forward as my account grows but I'm still curious as I see a LOT of trading courses about technical analysis, indicators, patterns, whatsover. Bottomline, whatever strategy you have you'll end up winning 40-60% of the time. ( or 80% max if you're that good) IF you just follow your risk management, am I right or wrong in saying this? Is it really that complicated? I'll appreciate your response guys. + + +# Introduction: + +3M (way before it was called the Minnesota Mining & Manufacturing) might not be the most iconic corporation, however it is one of the largest in the US, in fact they are one of the few companies actually in the DOW Jones. 3M has been an incredibly innovative company since its humble beginnings, currently it holds over 118,000 patents. They are involved extensively in industry, worker safety, US health care, and consumer goods, producing over 60,000 different products, and operating in over 70 countries. + +# So why own the stock? + +This is going to come down to your investing preference. If you prefer dividend growth investing, that is, investing into companies that have continuously increased their dividend payout to more quickly compound your dividend reinvestments, then this will definitely be up your alley. If you more prefer growth stocks, well MMM is unfortunately well past its years for growth, especially when compared to the tech companies. + +So for investors looking to add this dividend stock, what makes MMM a dividend king? Well... + +* It has paid out dividends to its holders for over 100 years +* It has increased that dividend for 62 consecutive years. +* The growth rate of that dividend has been 10.99% over the last 5 years alone. +* The dividend payout ratio is a very healthy 72.95%, +* Lastly, the current dividend yield is 3.68%, setting its current payout to $5.88 a year per share. +* Consistent and strong revenue/income and a debt ratio of only 0.46. + + * COVID ofcourse has impacted their income, however their healthcare involvement has buffered the loss across their other sectors. The ongoing increases do ofcourse present a risk, but that is the same for every stock. +* Many firms and analysts have marked 3M as undervalued below the \~$180 mark, citing discounted cash flow and margin/return-driven EV/EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation & Amortization) + +# Takeaway/Final Thoughts: + +This was just a quick post to get the brain juices going, so please do your research to supplement the brisk points mentioned above. + +This post is probs going to come more down to individual investing philosophy, but those comment are always interesting to read so they are more than welcome! Each different type of investor can learn from the other, dividend vs index vs growth or otherwise. Anyways, have a good day everyone! +If you haven't already seen, this post is part of a series: + +* Part 1 [GMERICA: Whale-Financed](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/) \- Icahn connection to RC & Gamestop +* Part 2 [GMERICA: Whale-Played](https://www.reddit.com/r/Superstonk/comments/yixaai/gmerica_whaleplayed_the_wombo_combo/) \- Jeffries connection to Gamestop x BuyBuyBobby + +# It's all going as planned. + +Today MSM dropped articles that were [84 years old](https://www.reddit.com/r/Superstonk/comments/z1gsa5/carl_ichan_admitted_to_shorting_gamestop_in_an/) attempting to spook investors that Carl Icahn was shorting Gamestop, and that's great news. + +Why? Because all shorts eventually go long and become buyers - u/DeepFuckingValue + +So why did MSM pick today, of all days to release the old article? + +Here's the real reason: + +# Icahn Enterprises has Entered the Chat. + +On November 21, 2022, Icahn filed Form [424B5](https://www.ielp.com/node/15986/html), a prospectus to announce the following: + +&#x200B; + +[$400M offering through Jefferies LLC](https://preview.redd.it/bn422z0kef1a1.png?width=892&format=png&auto=webp&s=c087364ad1daafb3d1bccec64a31ca1c2660b0dd) + +>**Icahn Enterprises L.P.** +> +>This prospectus supplement and the accompanying base prospectus relate to the offer, issuance and sale from time to time of our depositary units representing limited partner interests in Icahn Enterprises L.P. (“depositary units”) having an aggregate offering amount of up to **$400,000,000 through Jefferies LLC (the “Agent”)**. These sales, if any, will be made pursuant to the terms of the open market sale agreement dated November 21, 2022, between us and the Agent that will be filed with the Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K. + +Look at that, Jeffries LLC, the same agent between Gamestop, BuyBuyBobby, and now Icahn Enterprises. Probably a cohencidence. + +The prospectus was dated **July 26, 2022**. Guess what happened the next day? + +&#x200B; + +[RC tweets on July 27, a day after Icahn Enterprises puts up a $400M offer](https://preview.redd.it/p5a22vcpef1a1.png?width=573&format=png&auto=webp&s=8724ae89bbc37b0ae2922af6c43fb7d816b55afb) + +JFC. The chairman knew. Makes sense for that GMEdd interview released yesterday. The lawyers have signed-off, RC has gone on record to say his tweets have no meaning (wink). + +# Prospectus: Use of Proceeds + +The prospectus outlines this very interesting part: + +&#x200B; + +[IEP outlines the use of proceeds for potential acquisitions or limited partnership](https://preview.redd.it/glgid58mff1a1.png?width=915&format=png&auto=webp&s=1a91b7fe7cb7f718a6794d3e6b49d9a32bc9e121) + +Sounds pretty bullish. I wonder what they might acquire or who they might form a partnership with? If you caught my last 2 parts in this series, I speculated a possible buyout, spinoff, and merger. + +It would elevate Wombo Combo to another level: + +# THE WOMBO BREAKER. + +There is no doubt in my mind that BuyBuyBobby is core to RC's strategy due to total return swaps that are holding this rocket down, and by removing bankruptcy as an option for BuyBuyBobby and eliminating cellar boxing - it will send this $GME rocket beyond the stars. + +Here's an ELI5 infographic from Teddy.com: + +&#x200B; + +[From Teddy.com, Ryan Cohen's tribute to his father](https://preview.redd.it/0ptqpih3hf1a1.jpg?width=1500&format=pjpg&auto=webp&s=5f94eabed44d8402fc82990baa24e9afcbdd08a2) + +On the left, kid wearing pants with stars holds a piggy bank (Gamestop) and points to circle = DRS. + +To the right, kid wearing a pirate tshirt is holding a piggy bank (BuyBuyBobby) and is out of reach for shorts (bear). + +The two piggies are secured and this rocket is ready for an Icahn Lift-off. + +# Can you imagine what SHFs are going through right now? + +* Short BuyBuyBobby = Icahn buys it all for cheap. Deep fucking value play. +* Short Gamestop = Icahn closes his short position to create Buy Pressure and apes load up before the rip. +* Icahn can initiate the MOASS and it is inevitable because now there are two rockets, but only 1 will reach Uranus. + +&#x200B; + +[Icahn Lift = shorts become longs](https://preview.redd.it/o3hdebiihf1a1.png?width=490&format=png&auto=webp&s=bc28b4a8c3ebb66b9818b08197caaec955b81a70) + +HOLD OR HODL? Your choice. + +DRS because DTCC committed international securities fraud. + +See ya in the [Infinity Pool](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/) ♾️🏊 + +MOASS IS TOMORROW. + +&#x200B; + +[Cheers](https://preview.redd.it/rr961y1nhf1a1.jpg?width=600&format=pjpg&auto=webp&s=d433c04c91241569f1b2865dd79d1da95b0a1ca1) + +Edit 1: + +u/LetsBeatTheStreet shared the following about Icahn: + +>Look at this in its entirety — there was a S-3 was filed on 7/15 ($1.2B), then EFFECT on 7/26, with the 4245B5 filed on 11/21 ($400M). What does that add up to, **a total of $1.6 Billion**. Add the $250M from the recent Twitter sell, Carl is building a war chest. +> +>[https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-266174](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=333-266174) + +In part 1 of [GMERICA: Whale-Financed](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/): + +When asked about the crypt0currency space, Icahn admitted he might invest heavily into digital assets. On May 27, 2021, Icahn said the following on Bloomberg about digital assets and meme stonks: + +>"I mean, a big way for us would be, you know, **$1 billion, $1.5 billion**," he said in an interview, adding, "I'm not going to say exactly."\[...\]"I don't think Reddit and Robinhood and those guys are necessarily bad, I think they do serve a purpose," he said.Link - [https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1](https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1) + +Looks like Icahn is putting his money where his mouth is. + +**Talk is cheap, it takes Billions to buy whiskey.** +There seems to be some misunderstanding surrounding cash out refinance so I thought I’d set a quick example. Hoping someone can check my work for accuracy: + +Say a property is worth 1M and there is 200K equity in it, so LTV is 80%. + +200E/800D = 1M 80 LTV + +Now the property increases in value to 1.1M and you’ve paid off 100K of the debt. + +400E/700D = 1.1M 64 LTV + +Now you decide to refinance pulling out equity and bringing LTV back to 80. + +Refinance 220E/880D = 1.1M 80 LTV + +You cash out the difference in equity and use it for another property + +400E - 220E = 180E cash out +*Debt increased 80K from 800 to 880 +My wife and I currently live with my parents saving up tons of money (relatively speaking - enough for downpayment and repairs). They like having us there, we like not having to pay rent, and have settled in well for a while. + +We talked about a first home, but thought we might actually want to buy a duplex or something and rent it out instead whilst living with my parents - that way we don’t hVe to stress about house payments if nobody is renting it out as we can afford the payments ourselves if need be. + +Ultimately the goal would be to continue to build properties over time and rent them all out as long-term investments. We’re both relatively young and want to get started soon, but don’t really know where to start (and my wife is a bit nervous about it). + +Any advice and tips? Much appreciated. +Visit any thread about crypto outside of crypto specific subs and its unbelievably negative. Everyone has essentially written it off as something between gambling and a scam, with phrases like “greater fools” echoing from thread to thread. There isn’t even a hint of rhetoric resembling open discourse about the crypto space in the comments. + +I’m wondering how we arrived at such a divisive place, if we should be worried that the rhetoric is becoming overwhelmingly negative and polarized, and if Reddit is analogous main stream sentiment. + +Part of what gives anything value is the belief that it has value. As amazing as the theory and tech side of crypto is, with its potential to revolutionize and disrupt archaic systems, if people simply emotionally decide it’s worthless, then it could become a self fulfilling prophecy of sorts. + +Curious what this community thinks about this. +I found Nio when it was $3.5 and I knew with near 100% certainty it will fly + +[My plan was to hold these forever.](https://preview.redd.it/9wtq1207qda61.jpg?width=923&format=pjpg&auto=webp&s=8d7fbbbede693e1134148840dd1de98ee9db6838) + +[People around me filled me with doubt, fear and panic. so I sold.](https://preview.redd.it/w9jb7o07qda61.jpg?width=918&format=pjpg&auto=webp&s=4d71f042ed7cc2cd06fffcb230f1576fa29c6704) + +[They would be worth 500k right now, I also had another account with 100 contracts. so total missed out on is 1 million dollars.](https://preview.redd.it/ndua4g07qda61.jpg?width=862&format=pjpg&auto=webp&s=1d04d58a53594a13c774baad17ebfe9b4393e2d2) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android). + +Moons are r/CryptoCurrency's form of [Community Points](https://reddit.com/community-points), a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +This distribution is based on karma earned from 2021-03-17 to 2021-04-13. [Here](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_12_finalized.csv) is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app). +I was interviewing a guy for a role in our IT department the other day, alongside the HR lady. On his CV he had 20 years experience working in IT, then 10 years as a day trader (successful enough to earn a comfortable wage). + +He answered the technical questions excellently, but struggled with giving recent examples in the behaviour questions (such as team working, communication etc) for obvious reasons. he could only give examples from his past career. + +As a hobbyist trader myself I was willing to cut him some slack, but the HR lady saw him as someone who had been out of a "proper" job for a decade. Her reasoning was that "sitting in only in underwear clicking away at a computer" is not a proper job. I suppose that's technical correct but. + +I wasn't quite sure how to defend day trading, as technically one doesn't go into an office, one doesn't work as part of a team, and one doesn't need to communicate with customers/stakeholders. +THE DIP BEFORE THE RIP // THE LIMBO BEFORE THE LAMBO // THE DROP BEFORE THE POP // THE FALL BEFORE THE CALL // THE HOLD BEFORE THE GOLD // THE FIGHT BEFORE THE FLIGHT // THE STRIFE BEFORE A NEW LIFE // THE GLOOM BEFORE THE BOOM + +&#x200B; + +What else you got ape fam? +[https://imgur.com/WjIVx6h](https://imgur.com/WjIVx6h) + +I saw a really good question here about how much your FI percentage accelerates over time. E.g. how long does it take to get from 10% to 20% vs. 80% to 90%. + +So I did some math and made a graph. The answer to this question depends heavily on the savings rate. If you have a high SR, there is not much acceleration, because you have less time for the interest to work for you. If you have a low savings rate, the interest does more work and you have more acceleration. (Of course, higher SR always means sooner FI). + +Basic assumptions: + +Income, expenses, savings rate are constant. + +Your money grows at 7% per year, compounded annually + +The income number itself is arbitrary, it won't change the graph. + +Code below. I'm a Python newb so suggestions very welcome. + + import numpy as np + import matplotlib.pyplot as plt + + # Define initial conditions + income = 100000 + growth_rate = 0.07 + SWR = 0.04 + savings_rate = np.array(0.2 * np.array(range(1, 5))) + + for SR in savings_rate: + balance = np.array([0]) + year = np.array([0]) + expenses = income * (1 - SR) + FInumber = expenses / SWR + contribution = income * SR + + while balance[-1] < FInumber: + new_balance = contribution + balance[-1] * (1+ growth_rate) + balance = np.append(balance, new_balance) + year = np.append(year, year[-1] + 1) + + plt.plot(100*np.true_divide(year, year[-1]), 100*balance/balance[-1], label='Savings Rate = ' + str(SR)) + + + plt.grid(axis='both') + plt.xlabel('% Time to FI') + plt.ylabel('% Money to FI') + plt.legend() + plt.show() + Has anyone SkinnyFIRE into FatFIRE? + +Just curious if anyone has done or thought about retiring frugally at a much lower draw (1.5%) and eventually let the portfolio grow into a more sizeable account and drawing normally in the later years. + +In my projections, I plan on have 1.6 million by 40 years old. My draw of 1.5% will put me at $24k a year which is more than enough for retiring overseas in countries like Malaysia, Vietnam, Philippines, Thailand, Indonesia, etc. While living on a 1.5% draw I can maintain an aggressive portfolio to still return \~7% meaning 1.6M X.07 = 112k-24k=88k annually saved. Roughly in about 10 years I would have over 3M and can then do a 4% draw for 120k a year. + +This gives me the benefit of retiring at 40 and having 3M at age 50 rather than work until age 46 and have 3M according to my projections. + + +Thoughts? + +Edit: Apparently we're going to call this r/MulletFIRE +Curious to hear, outside of a mortgage, what are the biggest line items in your Fat expenses? For me: + +1) Travel: $5k a month averaged out - 1 two week international trip and 2-3 domestic vacations a year, all in biz class and upscale resorts. + +2) Miscellaneous category: $6k a month average. Sometimes it’s shopping, sometimes special occasions, and at times things like furniture upgrades. Evaluated last 3 years of expenses and it’s been pretty consistent. These are all the credit card expenses that are hard to categorize as known recurring expenses (does not include dining out, but includes one off concert tickets for example). + +3) Cars: I pay cash but these generally average out to $4k/month incl insurance and fuel, getting replaced every 5 years. + +The above do not include one off expenses (like furnishing an entire house, something we did recently). + +Would also love to hear the perspective of retired people if you found a particular category ballooning post RE. +Hi. + +Exactly a week ago I went on a business trip and stayed for 2 nights at a hotel (H\*\*\* Inn). Everything was fine until today when I went through my credit card transactions and saw two charges from the hotel, one was for the room rates and the other ($250) was for something I didn't recognize. So I called the hotel and was told that it was a cleaning fee. The receptionist did not know the details, so they promised to ask the manager and call me back. + +A few hours later, they called me and said it was because the room smelled like marijuana and they had to strip down the room to get rid of it. It was impossible because I have never smoked anything in my life, including marijuana. If they had called me right after I checked out, I would have been able to come back and resolve it right there and then. But they never did. + +I told her to send me an email with an explanation of the charge. They did and I replied and asked them if there is a way to dispute it within their system. + +I've also googled and found several cases similar to mine and eventually everyone has to dispute with their bank. So I plan to give them a day to reply and then dispute with my bank (Chase). + +Is there anything else that I should be doing? What evidence do I need to provide to my bank? If it were for something dirty in the room, I would have asked the hotel for pictures. But because they said it was the smell, I don't know what to ask them for. + +Thanks! +As a background: I'm a data analyst, but not very good at coding. I work at a marketing agency that works with companies like Microsoft, Google, Intuit and NBC. Before anyone says I'm poor because I'm retarded or bad at my job, I have a very good relationships with people all of the companies I mentioned - all have achieved success from marketing strategies I've worked on and all have mentioned they like my detailed analyses and reporting. + +Reasons I can't get a better job: +Main reason is that I can't code. Also, it probably doesn't help that I look like a teenager (I'm 24). My only schooling is a combined Math & Econ BA from a mid-tier UC. + +I'm saving as much money as I can - I probably eat about .75 meals a day on average, mostly sustaining on snacks in the office. I don't own a tv or have netflix or the like, and live in a small room in one of the worst parts of San Jose. I do have about $1500 in guitar equipment, but if I didn't have guitar I'd probably kill myself. However, several months ago, I got in a serious car accident that cost me all my savings. + +Anyway, FI sounds so amazing. Due to the amount of clients my company has, and the number of people I'm in charge of, I usually work 60+ hours a week. I started here when I was 21 and soon I feel like I'm gonna blink and my youth will be completely gone. I don't even mind being poor, it's the lack of personal time that kills me. Money would be nice too. + +What do? +I find asking people with more life experience so valuable. + +New to Reddit sorry if this question has been asked elsewhere. + +Also as well as things you wish you had done, that you didn't.... I guess another good angle is what did you put too much worry/attention into that you wish you spent better or alternatively? + +Edit: thanks for all the advice! So many great gems in this thread. + And just to clarify: My particular case is not a typical "I went to uni and lived it up and now i have students debt and struggling in 'real' world" I went to trades after a year of hating 6th form. + +But tbf this post is more than relevant to just me I bet there's sooo many uni graduates or potential uni goers weighing up the possibilities of uni Vs work so your comments are appreciated nonetheless. +Hey all, if you use the code 30PAYPAL and checkout with PayPal, you can get $30 off your order of $50 or more on Instacart! + +I just did the deal at Aldi. I did have several items show up not in stock and ended up only paying a little over $6.52 out of pocket. I chose pick up and live in a state with no food tax. So $6.52 for $36.52 worth of food. Aldi also has a sale on spiral hams at .95/lb, so check that out! :) + +I believe the code is good into January, unfortunately I wasn't paying much attention to that. I just wanted to share to help folks stretch their budgets! + + +ETA: Thanks to the folks in the comments, it expires 1/1 at 2am EST, so basically, expires 12/31 :). I've also seen elsewhere that it is limited to around 84,000 codes uses. I'm so glad this has been useful! +When I first got into crypto trading and investing back in January, I used RH for its simplicity and Economics (free). It wasn’t until I had several thousand $ worth of crypto in it when I learned of its crummy business practices and the fact I don’t actually own the crypto. The problem I faced was that the only way to get it out was to liquidate it into USD, and transfer it to my bank, and rebuy the crypto on an exchange. I knew this process would take up to 6 business days. I was worried that in that time crypto would spike and I would lose potential gains. But I said screw it and did it anyway. Now I’m reinvested and have my ETH and BTC on Coinbase and I couldn’t be more relieved. +Hi ASX\_bets community -- an update on trading issues you may experience earlier today. + +From market open to 11 am, there were issues on the trading platform causing the following problems: + +* Stock lookup was slow along with market depth loading +* Order status' were not updating, creating an issue where an order couldn't be edited or cancelled + +Orders were being received and submitted in a timely manner but the delay related to receiving responses back from Iress on the status of orders. For some orders, they may have already been filled yet the status had not been updated to 'filled' in the platform. + +Ultimately, the problems were caused by the sheer volume of orders going into the market. + +The first issue was caused by server capacity, which was promptly increased. This solved the issue. The second issue was a lot more complex and was caused by a few reasons, primarily due to our supplier's slow processing time and lack of information on the status of orders. + +We have optimised some SelfWealth system processes in order to work through orders in a more efficient manner, reducing the chance of this happening again. We are still waiting for more information from Iress to understand the problem at their end, so we can prevent it from happening. + +Apologies for those that were affected. + +Edit: wasn't signed into the work account on my phone. Wtf is this thread guys. + +Edit 2: this thread is going to get me in trouble, can we have more corporate-friendly questions, please? +Bitcoin is 11 years old now, and has had weathered the coronavirus crash with a v-shape recovery. Bitcoin consumes more electricity per year than the whole country of Switzerland. The number of hardcore fans is growing year by year, but the price has been very volatile and bearish for the last 3 years. Bitcoin hasn't really caught on as a payment system, as it's rare to find an online retailer to accept bitcoin. Most bitcoin users use it as a store of value, much like a savings account that might increase in value. It is, however, increasingly becoming more accepted as an investment class by the financial elite. + +So I guess I ask, where do you see bitcoin going in the next 10 years? +After the CryptoKitties and Gods Unchained announcement that they've partnered to allow IP to cross over between games, i've realized how incredibly powerful interoperability can be. + +The ability to provably associate the assets and achievements a gamer possess, and repurpose those to provide value in other games and environments is truly a mind-blowing concept for gamers, and an entirely new marketing channel for publishers (specifically indies who can appeal to larger user-bases). + +I'm curious if you guys think it will be a main driver of adoption for dapps versus their traditional gaming counterparts. + +Reference to the CryptoKitties / Gods Unchained partnership: https://www.ethnews.com/cryptocollectible-collaboration-cryptokitties-and-gods-unchained-create-crossover-items +Using my secret account here because I don't want my family to know just yet. Going in for a medical test next week to determine whether I have a chronic illness that runs in my family. The symptoms have appeared a few months ago, and I believe the test will confirm that I have this illness, although there's still a small chance that it's something else. Luckily for me, it's not life threatening. But it can make it hard to have a fulltime job, as stress increases the symptoms and as sometimes symptoms hamper your ability to function in the workplace. + +Personally, I'm 75% towards my ideal FI number. Hopefully after the (likely) diagnosis, the treatment will help me function relatively normally for most of the time, allowing me to continue to work to full FI-status. However, if not I will be paid some disability payments and that will also slowly carry me to my full FI number. + +I'm so glad that a decade ago I started becoming more fiscally responsible. And that I stumbled upon the "early retirement extreme"-website, and the FIRE idea shortly after. Imagine getting a diagnosis like this one when living paycheck to paycheck... ouch. + +You only live once; I'm glad I'm a bit prepared to make the rest of my life as awesome as it can be. +>A tiny hedge fund won a seismic victory over Exxon Mobil Corp [**(XOM.N)**](https://www.reuters.com/companies/XOM.N) on Wednesday as shareholders elected at least two of the fund’s nominated directors to the oil giant’s board after a months-long battle over the company’s business strategy and growth plans. +> +>The success by activist hedge fund Engine No. 1 in getting at least two candidates on Exxon's board marks a big loss for the largest U.S. oil company, which incurred a $20 billion-plus loss in 2020 and has been slower to embrace lower-carbon investments than its global rivals. Exxon had sought to stave off investors aiming to reshape the board to better align the company with global moves to combat climate change. +> +>Two of Engine No. 1's board nominees, Gregory Goff and Kaisa Hietala, were elected to Exxon's board, with counting continuing. +> +>The dissident shareholder group led by Engine No. 1 put up a slate of four nominees to the 12-member Exxon board of directors at the shareholder meeting in the first big boardroom contest at an oil major that makes climate change the central issue. +> +>Exxon has lagged other oil majors in its response to climate change concerns, forecasting many more years of oil and gas demand growth and doubling down on investments to boost its output - in contrast to global rivals that have scaled back fossil fuel investments. +> +>That approach boosted the company's debt load by billions of dollars in recent years, leading to a record $22 billion loss in 2020 after years of underperformance. +> +>Governments and companies have moved to reduce emissions from fossil fuels that are warming the planet, and investors led by Engine No. 1 have said the changing world meant that CEO Darren Woods needed to make big changes to ensure Exxon's future value to investors. +> +>"It's a huge deal. It shows not just that there is more seriousness apparent in the thinking among investors about climate change, it's a rebuff of the whole attitude of the Exxon board," said Ric Marshall, executive director of ESG Research at MSCI. +> +>Woods had argued that Exxon's board understood the company's complexity and that Exxon supports a path toward carbon reductions in the Paris accord, referring to the international agreement aimed at combating climate change. +> +>However, in another signal of investor dissatisfaction with the company's approach to climate change, shareholders also approved measures calling on Exxon to provide more information on its climate and grassroots lobbying efforts. +> +>Engine No. 1 successfully rallied support from institutional investors and shareholder advisory firms upset with Irving, Texas-based Exxon for its weak financial performance in recent years. It has just a $50 million stake in Exxon, which carries a market value of nearly $250 billion. +> +>BlackRock Inc [**(BLK.N)**](https://www.reuters.com/companies/BLK.N), Exxon’s second-largest shareholder, [**joined the dissidents**](https://www.reuters.com/business/energy/exclusive-blackrock-backs-three-director-nominees-challenging-exxons-board-2021-05-25/), as it will support three of Engine No. 1′s nominees, Reuters reported on Tuesday. +> +>Exxon had fought to keep climate activists at bay, spending tens of millions of dollars on a high-profile PR campaign, agreeing to publish more details of its emissions and coming out in support of carbon reduction. Activists have said it is too little, too late, and that Exxon needs a less reactive strategy. +> +>"This proxy fight reflects this broad change in how our political leaders, our business leaders and our fellow shareholders are stepping up and taking these immense risks seriously," New York State Comptroller Thomas DiNapoli said. +> +>The state's pension fund in April said it backed Engine No. 1's slate. +> +>Exxon shares were up 0.9% in Wednesday trading, rising modestly after the announcement. The stock has lagged its peers over the last five years. + +[https://www.reuters.com/business/sustainable-business/shareholder-activism-reaches-milestone-exxon-board-vote-nears-end-2021-05-26/](https://www.reuters.com/business/sustainable-business/shareholder-activism-reaches-milestone-exxon-board-vote-nears-end-2021-05-26/) +I can't understand what are the issues behind plotting any candle with a resolution lower than daily. + +I can plot OHCL lines, I can plot OHCL points on the chart, why can't I plot hour candles? It's just those points put together. This thing has been going on for [8 YEARS](https://github.com/QuantConnect/Lean/issues/669). + +Thay offer the possibility of doing stuff with plotly and matplotlib but for that you need to do it offline and if you are offline you don't get to access the data, because it's a CLOUD ONLY FEATURE. + +The platform is good and everything, I'm just concerned how something with so much value and [2B volume per month](https://www.quantconnect.com/) can't have something as basic as hour candles, or bracket orders or limit order expiration time. + +I mean, [some random dude](https://github.com/mementum/backtrader) managed to pull a platform with more basic functionalities than that. Sadly that repo is dead and the live trading implementation no longer works + +That was my rant. + +If someone at QC is reading this, please, for the love of god, give me those sweet hour candles + +&#x200B; + +Cheers +Here's a dumb question. What's stopping someone from going live with an algo that shows a good return, like this: https://www.quantconnect.com/tutorials/strategy-library/mean-reversion-statistical-arbitrage-strategy-in-stocks ? + +Obviously, I'm missing something, because it can't be that easy. Why wouldn't this work with real money? +Recently, i've been trying to think more about how historical patterns affect future predictions. As we know markets are probabilistic in nature, and it is more about knowing the probability distribution of future price movement, rather than trying to define a deterministic function and make concrete predictions. + +That being said we also know markets are an ever evolving function. How the market was traded 10 years ago could be the complete opposite of how the market is traded now. For example, looking strictly at price data we could see that 10 years ago after a certain set of criteria were met, that 75% of the time the market would go up. Now we could see that when these same criteria are met for the market today, there would be a 75% chance the market would go down. The market at these two different points in time would be opposite functions. + +Models that look at all the data over the time span, and try to model the "average" of these two opposite functions would be average at best. Seeing bad/irrelevant samples would hurt the performance of the model. So if this is the case, we need to figure out ways to gauge the relevance of a data point. + +How do we find that sweet spot where we have enough samples to have predictive power and also where we are not looking too far back as to incorporate samples from a disparate and potentially opposite function that will hurt our model's ability to predict on the current market function? +Hi all, + +I’m a software engineer with 10 years of experience. It has been 6 months since I joined an investment company that has its foundation 100% based on algo trading. + +They have been teaching me some basics such as statistics, some strategies, backtesting, models etc. + +I would like to step up and learn as much as I can by myself too, not only from them. + +Are there courses or any tip/paths for someone who’s not from finance/trading background? + +I have deep knowledge of C#, SQL and some Python. + +Note that (at least for now) I don’t need to learn as if I would create my own algos and run them myself etc. I want to improve my knowledge to use it at my job. + +Thanks, +Leo +Anyone going to calendar spreads? I put my first one on the other day. I don't have much experience at these and I was wondering if any thetagangers had any pointers. +I'm loving it. Fundamentally strong company with a healthy dividend. Priced to play, small enough it's easily manipulated though, and we're going into earnings call. +Earnings on Wednesday after close. Premiums are astronomical right now. + +Opened two 990/2200 Iron Condors for $250 credit and $5000 collateral each. + +Currently you can get about $300 credit for the same trade. I ordered to open 1 more for $400 credit, lets see if I can get it. + +The theta on these options is more than half of the premium so they should in theory get destroyed after earnings regardless of TSLA's report. + +TSLA would have to move +/- 37% by Friday in order for me to lose this trade. Probability of success is 96% according to ToS. + +**Edit**: Had a lot of fun discussing this play with you guys today! I think every one of you guys had concerns about the risk, rightfully so. TSLA is definitely one to fear. I’ll be monitoring it closely but I still have confidence that I made a good high percentage play. + +I’ll update tomorrow in case anyone cares lol + +**Edit** 7/21 6:49am: Closed 1 position for $178 + +**Edit** 7/22 7:05am: Closed the other position at $150 #thetagang I guess? + +**CONCLUSION**: don't open trades that scare you even if its high probability, the anxiety isn't worth $500 lol. If you're confident don't let others psyche you out. Too much doubt crept in that TSLA would somehow jump $600 in 2 days LOL. That's why I closed these early. No stress though. I think I will open a few credit spreads near closing time that are even further OTM. It's crazy how much premium is on the contracts in the 2500+ range lol. +Earnings on Wednesday after close. Premiums are astronomical right now. + +Opened two 990/2200 Iron Condors for $250 credit and $5000 collateral each. + +Currently you can get about $300 credit for the same trade. I ordered to open 1 more for $400 credit, lets see if I can get it. + +The theta on these options is more than half of the premium so they should in theory get destroyed after earnings regardless of TSLA's report. + +TSLA would have to move +/- 37% by Friday in order for me to lose this trade. Probability of success is 96% according to ToS. + +**Edit**: Had a lot of fun discussing this play with you guys today! I think every one of you guys had concerns about the risk, rightfully so. TSLA is definitely one to fear. I’ll be monitoring it closely but I still have confidence that I made a good high percentage play. + +I’ll update tomorrow in case anyone cares lol + +**Edit** 7/21 6:49am: Closed 1 position for $178 + +**Edit** 7/22 7:05am: Closed the other position at $150 #thetagang I guess? + +**CONCLUSION**: don't open trades that scare you even if its high probability, the anxiety isn't worth $500 lol. If you're confident don't let others psyche you out. Too much doubt crept in that TSLA would somehow jump $600 in 2 days LOL. That's why I closed these early. No stress though. I think I will open a few credit spreads near closing time that are even further OTM. It's crazy how much premium is on the contracts in the 2500+ range lol. +Remember Bernie Madoff, he had pension money (From memory a big Fairfield pension fund among others). Most pensions can’t invest in long/short hedge funds. Shorting is deemed too risky for most pensions. + +Now are there some stupid pension funds at citadel? Probably? But when the media says this can hurt pensions, that’s FUD to make you feel bad and question your decisions. + +Heres my take, any pension fund who has money with a long short fund is not Fulfilling their duty as plan administrator and it’s on them. Not fair to them, but why invest the pension in a long/short fund buddy? + +I don’t have a super high level of education and even I know that. + +So the next time the media points this out - understand it’s Probably FUD and 99pct of the clients at citadel are Probably ultra wealthy ass hats who bought in to a pitch of “we can fuck the peasants legally” and can totally afford the risk and losses they took. + +So don’t feel bad. Remember you helped save a company that was the victim of illegal manipulation and financial engineering. + +Holding and buying GME, educating others and spending money at GME is the way. But most importantly - ignore the FUD! + +HEDGIES ARE FUKT! + +Edit - fixed up some grammar, minimal changes - thanks for the awards apes! +Hi all + +So as per my title really. What is it like living in other towns and cities? I don't care about London lifestyle, just want live in smaller, friendlier places with decent career prospects. + +I have lived in pretty much all parts of the UK through work but that was more hotel, expenses paid lifestyle on 1 to 7 months basis where most of the time I returned back to London on weekends. + +To me it seemed like most parts of the UK were nice, Wales, South East, Scotland, Wales etc. Maybe didn't like places Birmingham, Leicester but can't think of many bad places. + +I noticed people had families much younger, they were happy and more happier than Londoners, perhaps because there was much more of a community feel to places, and access to most good things were still the same (e.g. big supermarkets, leisure facilities etc). Sure there weren't as many choices as London but there were still nice eating places, good pubs, and places to go with people. + +I am also aware of my bias in judging these places like this, since pretty much I was living an all expenses paid lifestyle (e.g. hotels etc as mentioned) and was mostly visitng the town centres when strolling around. + +If you lived in London and moved out, perhaps you can share your experience too? +I’m not close to fatFire so how do I know people are being honest and genuine about what they’re saying on here? What incentive is there to help others? +My partner and I are currently purchasing a property in Brisbane, where the average cost of similar houses in the area we are looking for is in the $700,000’s to $775,000s. We organised a private viewing on the same day the property was advertised and were the first to view the property and the first open house is tomorrow. + +We made an offer of $752,000 without subject to building and pest as our friend who has years of construction experience was able to view the house and give us the all clear. The real estate agent said the seller was happy to proceed, and that he would sort out the contract. Now it’s two days later and the real estate agent called me and said that he has another buyer who has offered $780,000 (he says he’s not supposed to tell me this) with the same conditions, but also without a cooling off period. He said if we can match or come within $5k of the offer and match the conditions, the seller is happy to proceed with our offer. He gave me this story about how he doesn’t like the other couple as much as he likes us, and he told the owner he would much rather be dealing with us. He seems like a genuinely nice guy, but I also understand his job is to make you his friend and milk as much money as he can out of you. + +I’ve talked to my friend who’s in construction and he said this is a common tactic REA’s will use. My partner spoke to my lawyer and said removing the cooling off adds no benefit for the seller and does not make an offer more enticing. He also said that his story is bullshit and that all he cares about is commission. + +My plan is to return an offer of $760,000 and no more, with the same conditions in place and our normal cooling off period. + +Is this real estate agent trying to milk more money out of us? Is this a phantom bidder? The property market as you know is very competitive, so there’s a chance there is another bidder. + +Edit: made an offer of $760,000 and unfortunately the seller has gone with the higher offer. Looks like it wasn’t a phantom bid. I guess he really did like us 😂 Onto the next! +Long time lurker and whenever I find a topic of interest on AusFinance it seems to suit those who earn these ridiculous wages. + +I'm in an industry where I am happy with taking a pay cut for doing what I love each day so I will likely max out at around the 90k mark so...seeing people post with earning 150k with 300k in super at 35 in those "How much do you earn and what's in your super" can be pretty disheartening. Nearly impossible in the not for profit sector. + +Let's be real. I've just turned 30 and I was a terrible saver in my 20s and I'm ready to take control of my finances. No way am I looking to buy a place, but I am one of the 'lucky' ones who is an only child so thinking that an inheritance and + savings will set me up for a deposit - thankfully this ain't anytime soon! + +I am interested to hear the basic budgets for those who earn under 75k pa...below is my current budget and would also be open to suggestions + +Obviously many costs are monthly or quarterly etc but this is how I've budgeted to my fortnightly paycheck. + +70k plus super = $2,000 per fortnight + + +Additional super (this is new, but is also adding stress...) - $150 + +Saving - $250 (Currently $3,000 in savings...goal is to always have $8,000 cash for emergencies and then to put additional savings in a high interest account or etf + +Rent - $750 until Feb 23 (a 1 bedroom in South Sydney within 5 mins walk from a train station and bus) + +Electricity/phone/internet - $80 + +Health (Insurance + Gaps for dental, optical, therapy, medication etc) - $200 + +Subscriptions - $20 + +Gym - $50 (Fitness First. I go for their range of classes. Usually go to about 6-7 yoga, hiit or conditioning classes a week) + +Transport - $100 (No car. I work in the city which is about $40 a week + additional weekend travel) + +Groceries/household - $200 + +Social - $200 (I make my own avo on toast and this is accounted in groceries) + +I don't live a lavish life and $200 for my social life is my absolute minimum. Drinking much less and always suggest a hike or walk when I catch up with friends as they all know I'm trying to save (which is harder with the rain in Sydney!). The social costs generally go to a lunch out with coworkers a week or a weekend brunch or 2 and dinner with parents (where I will pay where I can). I try to keep a strict routine during the week and gym after work and go straight home so I generally don't go out during the week. + +The rental stress is real, but I've done the living in a share house thing in my 20s and ended up spending more on social for 'housemate activities'. Being on my own brings me peace of mind and really helps with my mental health too...it's so much easier to say no to things when you're in your own space. + +I already feel like I'm living paycheck to paycheck in a sense! + +**Edit: I get that it's easy to type "just move to a different state and buy property". Ffs it's not that easy in real life. My whole life - family, friends and work is in Sydney and moving to a new state just to ease up on rent or buy a place is not worth the stress, anxiety and burden plus added expenses of relocating with hardly any savings. No thanks, and no. Bank of mum and dad are also not an option - my hard working blue collar immigrant parents don't need me asking to help finance a property** +I'm 19 and so NOT an investor but with all the hype around cryptos, I did some light research and ethereum got me excited. Invested before Christmas, everything plummeted, but just saw that I'm IN THE GREEN and have made $3.45!!!! Pocket change I know, but as a total newbie it feels awesome to see I've made money thru investing. +Edit: to everyone offering advice: thank you so much! As I said I'm very much an amateur but am seeking to learn as much as possible. Your advice is very welcome. +Hi, + +I’ll keep this short as possible, it’s not about my specific finances, I’m more trying to get information on an issue my grandma has been having for a while now. + +My grandad passed away some 10 years ago, he had a few reasonably sized private pensions one of which had around £50k in it. + +When he passed away my grandma was shocked to learn that for this specific pension he had not ticked a box stating that he was married, the pension company said that because of this my grandma would not get the money and it would basically just be kept by them. + +Fast-forward to earlier this year and the pension company sent my grandma a letter saying that she should’ve been receiving more than she has been (not the full amount), and so I’ve finally persuaded my mum (they won’t let me deal with this myself because I’m young and what do I know) to contact the ombudsman. + +From the fragmented information I’ve received from my mum who doesn’t want to deal with it, it seems to be going in the direction of “because he ticked the box saying he wasn’t married, she can’t have the money” + +Is that possible? Surely it would have to go to a next of kin if not my grandma? + +(To add, they’ve been married since the 1960s, no divorces or anything, if he didn’t tell them he was married it was most likely an error on his part) + +Thanks in advance. +Hey there, + +Not fatFIRE'd, but on my way to as mid 20's, 500k TC. + +However, how do you balance the choice of taking a consistent path with guaranteed income versus being able to take risks (such as starting your own business)? + +It seems that trying to bootstrap/attempting a startup/taking major financial risks will likely delay any fatFIRE plan for years, but fatFIREing and going back to working 80 hours a week might be tough. + +Just curious how /r/fatFIRE balances their plans with being able to take risks and chase dreams. +I'm no financial expert and I've been seeing a lot of post about Canada not raising interest rates unless US does it first. What does that mean exactly? How does it affect us? +Caterpillar (NYSE:[CAT](https://seekingalpha.com/symbol/CAT)) [inks agreement](https://seekingalpha.com/pr/18030271-caterpillar-signs-agreement-to-acquire-weir-oil-gas) to acquire the Oil & Gas Division of the Weir Group PLC, a Scotland-based global engineering business. Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products. + +The purchase price of $405M is to be paid in cash at closing. The transaction includes more than 40 Weir Oil & Gas manufacturing and services locations and approx. 2,000 employees. + +Caterpillar is taking advantage of its strong balance sheet to complete this acquisition that supports the enterprise strategy. +A lot of people have been saying "What if the government shuts down the squeeze? What if they're afraid of economic turmoil?" I brought up trade agreement violations and loss of trust, but those aren't very convincing. So I'd like to bring up why I know the government won't stop the squeeze. **A huge short squeeze would be MUCH better than the alternative economic turmoil they will experience.** And no, I'm not going to talk about "loss of faith" or "trade agreement violations." This DD is about unfunded liabilities, and how the squeeze will be the ONLY option left to pay them back, avoiding hyperinflation and bankruptcy. (TLDR at bottom) + +This DD talks about unfunded liabilities. What does [that mean](https://ballotpedia.org/Unfunded_liabilities)? + +Unfunded liabilities refers to liabilities, or promises, that are not backed up by assets. + +This can be something like a promised pension to a worker, but the company has no money to back that promise up. + +So why am I talking about unfunded liabilities? Well. . . the US has a lot of those. About [87](https://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf)\~[210](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17) trillion, [in fact](https://www.forbes.com/sites/johnmauldin/2017/10/10/your-pension-is-a-lie-theres-210-trillion-of-liabilities-our-government-cant-fulfill/?sh=4b8ee09165b1). This mostly comes from social security, medicare, military spending, and excess spending causing debt year after year. + +# Where does all this debt come from? + +This mostly comes from Social Security and Medicare, but also excess spending and military. As we all know, the US's medical system is corrupt and only favours those with an extreme amount of money. When the government foots the bill, that's not a light one. However, it's not JUST "Big pharma" taking the government's money. The government has been fucking up too. + +[But fuck Big Pharma too, this is the shit they do.](https://preview.redd.it/ouyswx063p271.jpg?width=591&format=pjpg&auto=webp&s=c9092dcebfa08f7e889199cfe1626ec8bb9c5eec) + +Source [here](https://www.snopes.com/fact-check/alex-smith-died-couldnt-afford-insulin/). + +This increase in cost is because the prices are dictated by the markets, not the government ([in case anyone didn't know](https://www.investopedia.com/articles/personal-finance/080615/6-reasons-healthcare-so-expensive-us.asp)). These businesses know you'll be forced to fork whatever they ask for because you can't live without it, especially for drugs like insulin. Because of that, they can just charge you whatever they want. + +But if the problem with medical expenses is the lack of government interest, Social security has too much government interested in it. + +# The fuck up that is Social Security + +Let me preface this by saying that for 57% of people, social security accounts for a majority of their income. [Even the shills at CNBC agree](https://www.cnbc.com/2020/12/01/why-social-security-may-run-out-of-cash-really-soon.html). Yet, in this same article, you'll see that social security is. . . running out? How is this possible? They blame it on ageing demographics. But that's not the full picture. [People benefiting usually take out more than they put in](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), even accounting for inflation. Take a look between 1982's demographics and 2019 demographics. + +[1982 Population pyramid for the US](https://preview.redd.it/u91yn2zczo271.jpg?width=635&format=pjpg&auto=webp&s=80c8750648aa502b4aed78dfcd834f1819f9ac20) + +So it seems like there are many more younger people working and paying for social security, and only a few people taking that money out. In this system, social security works. + +[2019 Population Pyramid for US](https://preview.redd.it/nlf4deng0p271.jpg?width=661&format=pjpg&auto=webp&s=3f032b76e68709ef82405e8920e93ac9a14fa005) + +Well, it seems there are far more people taking social security payments compared to the people paying in. Considering that people tend to take more than they put in, it's no wonder why it's failing. + +But what about investments? Doesn't the government invest their money? + +From the [government themselves](https://www.cbpp.org/research/social-security/understanding-the-social-security-trust-funds-0), they state that the program is a "pay as you go", meaning younger people foot the bill for older people. Then, any surplus is all invested into government bonds. The government "borrows" money from social security to fund other projects, and then they pay interest. This seems like a good idea, right? At least our third favourite shills at [CNBC](https://www.cnn.com/2018/05/21/opinions/social-security-myths-opinion-richtman/index.html) thinks so. + +However, keep in mind that they went all-in on **government bonds**. The same dog shit government bonds being shorted to oblivion. That, even on a good day, gives you shit returns. Great investment. This isn't even retarded by WSB standards, this is pure stupidy. At least YOLOing calls that expire the next day has SOME chance of making a profit. Investing 100% in bonds that give barely any returns guarantees failure of the system. Why do they do this? Well, it's because it's another source for the government to borrow money. + +**The government LOVES borrowing money.** Why would they pass up a chance to borrow some more? They're incentivized to borrow money because if you build a ton of infrastructure and give people money, they will like you, and want to vote for you. **Who cares about the economic situation in 20 years, if you just want to win the election and remain for eight?** + +# Why do the numbers differ so much? + +The numbers differ so much because of the way unfunded liabilities are calculated. Congress likes to use the 25-year model and can change what gets calculated depending on their wording. However, some economic professors like to use the "infinite horizon", where they calculate the unfunded liabilities if the current system was stretched out to infinity (In reality, it's mostly just within the next 75 years, as anything beyond that is not significant enough to change the numbers). + +&#x200B; + +[Laurence Kotlikoff, the man behind the numbers](https://preview.redd.it/as8j5kn14p271.jpg?width=217&format=pjpg&auto=webp&s=6ba6a07317efb6a62088a2bca9b6f7568fbb4dd2) + +I'll spare you the complex math these Nobel Laureates used to calculate infinite horizon, but basically, the further out in years you go, the less the costs and income matters. So a debt worth 10 trillion in the future may only be worth 1 trillion in the calculation. + +# This is public and accepted knowledge. + +Taking a look at my previous link [here](https://www.forbes.com/sites/kotlikoff/2015/05/13/17-nobel-laureates-and-1200-economists-agree-with-ben-carson-re-u-s-fiscal-gap/?utm_campaign=JM-305&utm_content=v37pvp&utm_medium=ED&utm_source=for&sh=787f78704d17). You can see **17 Nobel prize-winning economists supported the 210 trillion figure six years ago.** **This is NOT a debated topic.** Politicians simply avoid mentioning this because this is a ticking time bomb. While there is some debate over the exact amount, as seen [here](https://www.washingtonpost.com/news/fact-checker/wp/2015/05/13/ben-carsons-claim-that-the-u-s-owes-211-trillion-beyond-the-reported-federal-debt/), no one disagrees that unfunded liabilities are real, and they will continue to grow to a staggering amount. + +# Why is no one talking about this? + +Asides from this being so boring the sheer mention of "unfunded liabilities" would work better than a tranquillizer dart on some people, both Republicans AND Democrats have "borrowed" money. Why would they want to shut down something that helps them stay elected? + +I'm honestly struggling to find a good source to find out who borrowed what amount from social security. It's impossible to track what the money was used for. But take a look at the US Debt growing year after year. + +&#x200B; + +[Bill Clinton may have had sexual relations with a women, but at least he didn't add to debt](https://preview.redd.it/so4w3vcl7p271.jpg?width=799&format=pjpg&auto=webp&s=f20f5c76b6d424a92ad71ac2adac56ca6b7122fc) + +Regardless of where you borrowed from, it's a fact that they love borrowing. + +If you search it up, you just get blasted with "No, the government isn't stealing from you." No one gives a shit if the government says they're "borrowing", if they don't plan on paying it back, it doesn't matter. The problem is that with the unfunded liabilities, they may not pay it back. They're putting up a strawman argument and tearing that apart. **Kinda similar to the GME situation, don't you think?** + +[CNBC with pretty much everything](https://preview.redd.it/owlrcs9h4p271.jpg?width=596&format=pjpg&auto=webp&s=d31e892638f5ecd5b5854b660fb49f2d9ee6d69b) + +So the government has incentives to keep borrowing, both parties have borrowed tons of money, and they want to be able to continue borrowing, so no one talks about it. + +# Why the fuck do they owe so much? + +Sure, the program isn't perfect, but 210 trillion? That's obscene. How the fuck did they dig such a big hole? + +It's due to a compound of factors. Investing in government bonds give shit returns, especially with the government keeping interest rates low and having inflation rates higher. + +Privatization of health care have lead to rampant cost increases, about [twice as much](https://www.healthsystemtracker.org/brief/what-drives-health-spending-in-the-u-s-compared-to-other-countries/) as comparable countries. + +People take more than they put in, especially with longer life expectancy. + +The 1% are barely taxed for social security, the maximum you can be taxed for social security is $8,537.40, [regardless of what you own](https://www.adp.com/spark/articles/2020/08/social-security-wage-base-for-2020-announced.aspx) (wow, more tax benefits for the 1%). + +To be honest, this doesn't even convince me. I have some speculation on what's happening, but since I can't prove it with sources, I won't elaborate. + +# How does the squeeze help against unfunded liabilities? + +Income tax. You'll pay a lot of it once you're a millionaire. Especially since retail doesn't avoid taxes like wallstreet. The more you take from these hedge funds and banks, the move the gov gets. More details in Part II. + +# To recap everything seen here. + +The US promised Social Security and Medicare to a bunch of people that they won't be able to pay up. This is called "unfunded liabilities". + +This is anywhere from 87 to 210 trillion, but 210 trillion is the most accurate considering the actual amount of money the government has to pay. + +A short squeeze may cause some economic turmoil, but letting things stay where they are will cause far more damage due to these economic liabilities. + +In part II, I will go much more in-depth on what happens if the states DO NOT do anything. Their options consist of slashing medicare and social security for old people, going bankrupt, or letting the squeeze happen. + +# TLDR OF TLDR + +US will have tons of hidden debt soon, enough to bankrupt them. Squeeze gives them big money from capital gains tax. Tax helps to pay off debt to avoid bankruptcy. + +Squeeze better than bankruptcy. Government picks squeeze. + +**Author's note:** + +I'm not actually sure this DD fits this sub, as it's more general in nature, but I believe as House of Cards was more general and allowed, this DD should be fine. Also, I don't know when I'll post part II tbh. I'm just a uni student and life is getting in the way. + +All sources are hyperlinked in the document. If you have any corrections or anything you feel should be added, comment below and I'll take a look. Remember, Part II is in the works. + +Probably shouldn't base financial decisions on a Canadian uni student, but hey, nothing here is advice. + +Edit 1: Explain why squeeze helps gov. + +Edit 2: Looks like this post kinda died in the depths of "new" because I got a bunch of downvotes initially (shills?), but from the upvote ratio and awards, it seems like the people who DID read it, enjoyed it. I'll upload it again later if I need to. + +Edit 3: I'm pretty sure this post got yeeted by "bad actors" seeing as it started out with a 33% upvote ratio, and now it's at 97%. However, since it passed the 1k mark, I won't be reuploading it. Seeing the awards and the attention, I plan on uploading a brief part II along with editing part I to make it more clear for those of us with fewer wrinkles. +Yesterday (2/25) GME had ZERO shortable shares available according to both [shortableshares.com](https://shortableshares.com) and IBorrowDesk. (Technically 47 shares reported prior to market open on shortableshares - IBorrowDesk did not report any shares the entire day). + +Since then the volume of shortable shares has increased to 600,000 BUT the fee to short these shares has increased from 0.8% on 2/24 to a whopping 12.78% as of 10:00am today representing a nearly 1,500% increase. + +Now, my smooth brain doesn't fully comprehend all the implications of this. But to me, this looks like a clear bullish sign for another GME runup, no? + +Obligatory [💎](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) 🚀 [💎](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) 🚀 [💎](https://hotemoji.com/diamond-emoji.html#:~:text=%F0%9F%92%8E%20Meaning%20%E2%80%93%20Gem%20Stone%20Emoji&text=It%20depicts%20a%20full%2C%20blueish,known%20as%20the%20Diamond%20Emoji.) 🚀 + +Edit: misplaced comma in body of text. +So, a few months back, I came and discussed the fact that the bank we had our home loan with had removed their registered interest from our title ([Post 1](https://www.reddit.com/r/AusFinance/comments/o9fnnt/mortgage_interest_not_registered_on_title/) and [First Update](https://www.reddit.com/r/AusFinance/comments/onacv9/update_mortgage_interest_not_registered_on_title/)). + +I can now say that we are finally of the mess that was this saga. + +The original bank was ANZ. We had been with them through a few mortgages, and had a reasonable time with them, with no major headaches. However, in about April this year, we started to test the market, and found a few providers were willing to beat ANZ's best offer by a decent margin, and provide cash back or other benefits. + +To that end, we put an application in with St George, to get not only their 4k Cashback offer, but the 0.4% Port Adelaide Football Club (for BankSA but its the same crowd, so they honoured it) offer too. + +We ended up putting our application in, a few days before St George upped their fixed rates, but we weren't worried because we had elected to pay for rate lock. + +St George approval came through, they ran the title search and that's when we found out ANZ had cocked up. Not a major problem, or so we thought, until St George and their lawyers confirmed that they would not proceed as ANZ could not guarantee they were releasing their interest (no registered interest to release and all that). + +Despite multiple phone calls, and official complaints being lodged, ANZ took over 10 weeks to finally get their poo in a pile ready to settle. In that time, ANZ declared it wasn't their fault, because the broker requested their interest be unregistered. Only problem with that - the broker was ANZ - their own mobile lender! + +Unfortunately, being naive, I took every small bit of progress as just enough to not have me call AFCA, and in each event, ANZ did just not enough to actually help. Their complaints staff constantly failed to provide updates, or provided incorrect information. They changed agreed courses of action, and ended up prolonging the saga well beyond anything that could be considered reasonable. + +Eventually though, ANZ placed a caveat on the title, instead of a genuine registered interest. Apparently this was for expedience. However it then took them a further 30+ days to tell their settlement lawyers, they were happy to settle. All up they did settle, and we were offered a small amount of financial compensation for the delay (not fully covering the costs though). + +This was on day 94 since our application. + +For those of you that know about St George's rate lock, you pay 0.15% of the loan value, and get that rate locked, as long as settlement happens within 90 days. So that means technically, under the contract we signed we were out the 0.15% and the lower fixed rate for its entire term. Without getting in to specific of numbers, the amount we would have lost because of this was in the multiple thousands, so nothing to sneeze at. + +Can't hurt to ask, so we asked St George if they would be kind enough to honour the rate, even though we were late (through ANZ's fault). Surprisingly, St George opened it as a "complaint case". I cannot say just how different the experience was between St George and ANZ, even though St George did nothing wrong. They took about a week to "resolve" the case, and agreed to honour the original rate lock, even though they were not contractually obliged to. Their staff were proactive in their comms and made it easy. There was another matter with the loan that was more minor, but this one was St George's fault. Once again they worked to resolve it, and took just two days to make it right. + +I will say, after we settled on the refinance, ANZ contacted us to try to win us back - they couldn't understand why we didn't jump at their offer - that was the same as the offer they gave us back in April. + +tl;dr: ANZ mucked up, but then was an absolute pain to deal with, but StG is competitive and good to deal with. +A 30 year $1,000,000 mortgage at an interest rate of 2% requires repayments of $3,696 a month. + +At 4.5%, a $729,500 mortgage requires the same repayment of $3,696 a month. + +At 5.0%, a $688,500 mortgage requires the same repayment of $3,696 a month. + +At 7.0%, a $555,500 mortgage requires the same repayment of $3,696 a month. + +Property prices have clearly not dropped by ~27-32% since the peak. So, why are we still paying such a premium on property? + +I realise that prices are not exactly equivalent to how much one can afford to pay and that there are other factors involved. Can anyone please explain these factors are, or what might be causing this distortion or lag? Or are aussies simply mathematically illiterate for the most part? +I am currently 25, my parents raised me to save save save. Things like not having cable, only ever driving cars that cost >$1000, never eating out, camping vacations (rare). Because of this, my parents saved enough money to put me through college and give me an amazing financial start to my life. I have been able to save a ton but never actually made a budget before. Can you fine folk take a look and see if there is anything I am missing? + + +Income (after tax): $3850 + +401K cont: $528+$144(employer match) + +Roth IRA: $458 + +Rent: $500 + +Car insurance+gas: $100 + +Electric: $100 + +Internet: $100 + +Gas/Water: $40 + +Food: $450 (only thing I binge on) + +Savings: $1000 + +Leftover: ~$500 (usually just add this to savings) + +Current Savings: $70,000 - 60K invested in VTI, 10k on hand + +Current Retirement: $40,000 + +I am still driving a junker car but plan on buying a Mazda 3 or similar car at the end of the year either a 2018 when they are trying to get those off the lot or a CPO. whatever I feel I get the best deal on. Also, next year I need to add $220 a month for health insurance if i elect to opt in or I can roll the dice as well as getting my own phone plan ~$75. + + +I am off to a great start 100% due to my parents saving and generosity and don't want that to go to waste. I plan on providing for my kids the same my parents did for them but I also haven't done this before. Maybe this helps motivate some parents out there to save as well because there were PLENTY of times as a kid that I didn't understand why we didn't have cable, why we didn't have a fancy push mower, go to Mexico or Florida for vacation. Now seeing how great of a start I have, I can't possibly thank them enough. + +Edit: Clarified I do have my savings invested in VTI + +[https://www.sec.gov/news/upcoming-events/open-meeting-020922](https://www.sec.gov/news/upcoming-events/open-meeting-020922) + +# Open Meeting Agenda - February 9, 2022 (Revised) + +# ITEM 1: Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews + +[https://www.sec.gov/files/ia-5955-fact-sheet.pdf](https://www.sec.gov/files/ia-5955-fact-sheet.pdf) + +OFFICE: Division of Investment Management + +STAFF: William A. Birdthistle, Sarah G. ten Siethoff, Melissa S. Gainor, Melissa Harke, Marc Mehrespand, Michael C. Neus, Christine Schleppegrell, Thomas Strumpf + +The Commission will consider whether to propose rules and amendments under the Investment Advisers Act of 1940 (“Advisers Act”) for private fund advisers and whether to propose amendments to the compliance rule under the Advisers Act. + +For further information, please contact Melissa Harke in the Division of Investment Management at (202) 551-6722. + +# ITEM 2: Adviser and Fund Cybersecurity Risk Management + +[https://www.sec.gov/files/ia-5955-fact-sheet.pdf](https://www.sec.gov/files/ia-5955-fact-sheet.pdf) + +OFFICE: Division of Investment Management + +STAFF: William A. Birdthistle, Sarah ten Siethoff, Melissa Gainor, Brian M. Johnson, David Joire, Christopher Staley, Amanda Wagner, Juliet Han, Rachel Kuo, and Thomas Strumpf + +The Commission will consider whether to propose new rules to address cybersecurity risk management for registered investment advisers and investment companies as well as related amendments to certain rules regarding adviser and fund disclosures under the Investment Advisers Act of 1940 and the Investment Company Act of 1940. + +For further information, please contact Melissa Gainor or Brian M. Johnson, Division of Investment Management, at (202) 551-6720. + +# ITEM 3: Shortening the Securities Transaction Settlement Cycle + +[https://www.sec.gov/files/34-94196-fact-sheet.pdf](https://www.sec.gov/files/34-94196-fact-sheet.pdf) + +OFFICE: Division of Trading and Markets, Division of Investment Management + +STAFF: Haoxiang Zhu, David Saltiel, Jeffrey Mooney, Matthew Lee, Susan Petersen, Andrew Shanbrom, Jesse Capelle, Mary Ann Callahan, from the Division of Trading and Markets; Holly Miller, Amy Miller, Emily Rowland, from the Division of Investment Management + +The Commission will consider whether to propose rules and rule amendments under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for most securities transactions.  The proposed rules and rule amendments would be applicable to broker-dealers and certain clearing agencies.  The Commission also will consider whether to propose rule amendments under the Investment Advisers Act of 1940 to require investment advisers to maintain certain related records. + +For further information, please contact Matthew Lee in the Division of Trading and Markets at (202) 551-5794. +https://www.bloomberg.com/news/articles/2017-08-29/blackrock-finds-5-trillion-industry-poses-more-risk-than-in-08 + +Why are their returns so low, why dont they work with the right consultants to improve risk adjusted return and will they properly going forward? + +What adjustments do you find likely to be made now? +Hello reddit, +I started out as a server at a local chinese place in MI but then was promoted to full time general manager after a couple months. Ive done it for a little while now, but after a few months, ive done the math and realize I am working 66 hour work weeks at under minimum wage. + +My work week consists of six days a week, mon-sat, from 11-10. My salary is 2100 dollars a month, but only half is paid to me on a check and they pay me cash under the table and only report fourty hours a week. + +Is this legal for them to pay me under minimum wage on a salary? +http://www.businessinsider.com/how-a-28-year-old-retiree-saved-70-of-her-income-in-new-york-city-2017-3 + +The article does not say anything new to us, but I think it's cool that the media is giving some positive attention to the FI lifestyle instead of criticizing it. +I was driving to work today and this occurred to me: high-traffic roads seem to correlate with well-kept neighborhoods. In my city, Cleveland, it is usually impractical to take the freeway to work unless you live in the outer-ring suburbs. Whatever route I take to get to work usually involves driving through very nice areas. But if I go merely a few miles north to I-90 or a few miles south to I-480, the neighborhood turns positively awful. In fact, with a few exceptions, the neighborhood surrounding the freeway has almost certainly deteriorated significantly since the freeway was built, while areas with comparatively less freeway access have tended to grow. + +So is it high traffic that keeps a neighborhood well-populated? Or do freeways sap away the through traffic that was formerly driving business growth, causing economic depression, dilapidation and flight? +I was driving to work today and this occurred to me: high-traffic roads seem to correlate with well-kept neighborhoods. In my city, Cleveland, it is usually impractical to take the freeway to work unless you live in the outer-ring suburbs. Whatever route I take to get to work usually involves driving through very nice areas. But if I go merely a few miles north to I-90 or a few miles south to I-480, the neighborhood turns positively awful. In fact, with a few exceptions, the neighborhood surrounding the freeway has almost certainly deteriorated significantly since the freeway was built, while areas with comparatively less freeway access have tended to grow. + +So is it high traffic that keeps a neighborhood well-populated? Or do freeways sap away the through traffic that was formerly driving business growth, causing economic depression, dilapidation and flight? +*Originally posted in [/r/PhilosophyofScience](http://www.reddit.com/r/PhilosophyofScience/)*. + +[Game theory](http://plato.stanford.edu/entries/game-theory/) has had some [limited success as a descriptive theory](http://en.wikipedia.org/wiki/Game_theory#Application_and_challenges) in economics, biology, computer science and even philosophy. One of the cornerstones of game theory analysis is the [Nash equilibrium](http://en.wikipedia.org/wiki/Nash_equilibrium), a state of the game where no player can improve his/her outcome by changing his/her strategy without causing an opportunity for a better outcome for other players by changing strategy. (Yes Nash was that guy that the movie [A Beautiful Mind](http://www.imdb.com/title/tt0268978/) was based on). + +Games may have multiple Nash equilibria and it is generally agreed by theorists that the best outcome for all players, if one exists, must be a Nash equilibrium. Nash himself believed that even though in practice, equilibria of games might not be achieved, they will always tend toward an equilibrium point as games are repeated. Conditions for this to occur include the requirement that all players are "rational" and that all players have perfect information about payoffs and possible moves. + +**This assumption/definition of rationality is where the trouble for game theory begins.** + +One of the problems with these assumptions lies in human psychology. Consider what is known as the [ultimatum game](http://en.wikipedia.org/wiki/Ultimatum_game) between two players. A fixed amount of money is to be shared among two players. One player is selected to make an offer about how much he will keep and how much he will give to the other player. The other player then has the option to accept or reject the offer. If he rejects the offer, both players get nothing. If he accepts the offer, the players get the agreed amount. In a one-off application of the game, it is "Nash-optimal" for the second player to accept any non-zero amount the other player offers. However this is [not what happens in practice](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=286428). The average offer is 40% of the total and 16% of all offers are rejected. + +**But disagreement with experiment is only the start of the problems for the Nash equilibrium concept**. + +Consider the game called the **[traveller's dilemma](http://en.wikipedia.org/wiki/Traveler's_dilemma)**. A referee asks two players to write down any dollar integer between 2 and 100 without conferring with each other. If both write the same number the referee will pay each of them that amount. But if they write different numbers, he will pay both of them the lower number along with a bonus and a penalty. The person who wrote the lower number will get $2 more and the one who wrote the higher number will get $2 less. For instance, if Player 1 writes 46 and Player 2 writes 89, Player 1 will get $48 and Player 2 will get $44. (For a more extensive and informal discussion of the game and its consequences see [this blog post](http://blog.adamnash.com/2007/11/13/the-travelers-dilemma-irrational-choices-altriuism-or-implicit-collusion/). To try a simulation of the game yourself [go here](http://veconlab.econ.virginia.edu/tddemo.htm)). + +There is one unique Nash equilibrium for this game - both players write down $2. Yet this seems to defy all common sense. They could have both offered much larger numbers and both have been much better off. In fact this is **[what happens in live experiments](http://docs.google.com/leaf?id=0B5in3UhbNXiJNmM5MTg1NWEtMjc2Ny00NDRjLTk2NDAtNjNmYmIyODg3MWZk&hl=en)**. According to the theorists, this implies that humans are simply *not rational*. (For a detailed description of the problem and proposed resolutions, see **[this seminal paper on the problem](http://docs.google.com/leaf?id=0B5in3UhbNXiJNjVkMWUyZjQtOWE4Ni00MmRiLTlmN2YtMmRhOGU2YzFhNDEz&hl=en)**). + +[Douglas Hofstadter](http://en.wikipedia.org/wiki/Douglas_Hofstadter) (author of *[Godel, Escher, Bach](http://en.wikipedia.org/wiki/G%C3%B6del,_Escher,_Bach)*) proposed a new definition of rationality he called [superrationality](http://en.wikipedia.org/wiki/Superrationality) whereby each player knows not only that his behavior is rational, but that the behavior of all players is rational, and all players know that all players are rational, and all players know that all players know that all players are rational, and so on. Hofstadter reasons based on this assumption, that superrational players would for example, agree to collude and keep silent in the [Prisoner's Dilemma](http://plato.stanford.edu/entries/prisoner-dilemma/) game (in which the unique Nash equilibrium suggests that both players should confess). + +In my mind, if game theory analysis can yield results so plainly counter-intutive as that of the traveller's dilemma, what confidence can be had in equilibria analysis of more complicated games? Is the game theory definition of *rational* - naively and selfishly trying to best an opponent to improve one's own localised outcome - in any sense valid? What do our readers think? +As I see it there are two especially interesting points that make the crypto market differ from something like the Dow or the Nasdaq: + + +**1) Hight percentage of money earned vs. money invested** + +Everyone of us can look at their crypto worth and say how much of that was earned vs. invested. I think for the crypto market as a whole this figure is rather high, mainly because the whales (say, 500K+) more often than not did get so fat because they got in early, not because they invested 100K to begin with. + + +**2) Crypto investors are rather young** + +This is just a wild speculation on my part simply based on my observation that I was not able to convince a single person over the age of forty to invest in crypto. Of course, to grow up with computers as a normal part of life helps to go this special step further and grasp the concept of crypto. + + +Now, what does this mean? I wrote it in the title: I am tempted to think we are in a situation comparable to one in which a new continent is discovered and vast arrays of land are sold off on the cheap. Why? Because of 1) I think the pressure to take out the money is not too high, you may take out your initial investment and still leave a lot on the market. Same goes for 2), because when you are young you are less likely to need a lot of money for an ex-wife, a wife, a mortgage and four kids (which is, to be honest, exactly what I use *dem mad gainz* for). So I think we have long way to go before the crypto market *as a whole* will be a popping bubble in which drones of investors are eager to cash out. + + +What do you think? What do these factors mean for the crypto market? + + +TL;DR +Investors in the crypto market as a whole are rather young and have earned a lot in this market (compared with something like the stock markets), reducing the pressure to cash out - so the party is just getting started. + +--- +Edit: + +Thanks for all the contributions! Two points I would like to put up here: + + +**3) (/u/manimoa) Crypto users tend to distrust the traditional financial system and therefore hesitate to convert back to fiat** + + +**4) (/u/sandball) A lot of crypto users have a strong emotional attachment to their investment vehicle, expecting huge gains and thus being unwilling to sell before a big rise has happened** + + + + + +Hi all, +I've been trading options for five years now and have refined my strategy to the point where's I'm making 2-3x more than my day job. + +I expect to have two years of expenses saved in the coming months. + +What other things do I need to consider? +I have a position here at 108$ and it is falling so hard that im considering adding to my position but recent news aren't very good for them. What are your thoughs about it? Is this going to become another Quebec stock scam? Or are they as solid as some claim them to be? Im not sure what to believe to be honnest. I know i shouldnt invest in stock i dont understand but yeah, i took a chance here. +The past few weeks should be all the evidence you need that fiat is on its way out and crypto is the future. + +The ruble is in shambles. + +People are having their assets frozen. + +People are being prevented from sending and accepting money for business. + +People are finally waking up to see fiat is a joke, magic paper that can be stolen and lose all its value in a short amount of time, guaranteed to lose all its value over a long period of time. +**TL:DR Had perfectly functioning 100% verified Coinbase account with thousands of dollars transferred and spent on coins. Transferred 16,000USD. Went to buy Coin during a dip and Verification was mysteriously revoked with no notification or warning. SSN verification will not accept any form of my information after 100+ attempts. Account completely gridlocked - cannot buy/sell crypto or withdraw funds back into origin bank account in any dollar amount. Called customer service several times and they offer no phone support and no solution other than emails saying they cannot help me but a "specialist" is on the case and it is a "priority 10". After 1 month I requested to close my Coinbase account only to be told that my account cannot be closed until all money is Withdrawn. WTF Coinbase** + +**Updates:** + +**+I have seen a lot of suggestions that I am attempting to withdraw too much money. The dollar value is completely irrelevant. I have tried anywhere from $1 to $16,000 and it's the same result.** + +**+Other people are calling me stupid for Wiring money. The $16,000 was not one giant wire transfer. It was a combination of ACH transfers and one wire. This happened over a two week time period where I was not buying any coin. My verification just as easily could have been mysteriously revoked before any of the money was even sent to my Coinbase account. They still knowingly took the money and are now too incompetent to remedy the verification issue. I fail to see how people can tell me I did something wrong in this scenario. Should no new money come into Cyrpto?** + +**+Many people are also speculating I did something illegal. I don't have to justify myself to interwebz people but there has been nothing but long term hold and investments. if I was stupid enough to perform illicit activity with my coinbase account or other wallets... Would I really be posting about it here?** + + +Original Post: + +I would like to start out by saying I really wish I did not have to do this, however given the circumstances I am exhausting all my options. I apologize for the length but I need to get this out there as it maybe will help others make informed decisions about which exchanges to use. + + I setup and fully verified a Coinbase account towards the later half of 2017. I was able to make successful ACH transfers into my USD Wallet and subsequently purchase thousands of dollars of crypto. I also had zero issues with credit card purchases. Other than not being able to get verified on GDAX so far so good. +Fast forward to early January 2018. I decided to convert more Fiat into Crypto so I did a combination of wire and ACH transfer to what amounted to $16,000 USD. I waited for my respective coin to hit my re-buy point and went to make a large purchase only to be greeted by an error telling me that I needed to verify my SSN. This is very strange considering I had been fully verified with no issues purchasing before. Okay no problem - I enter my information which includes basics such as full name, address, SSN, occupation, etc. For whatever reason this fails along with several other attempts with varying aspects of information. After several failed attempts it locks me out for 24 hours. Over the next few days I rinse and repeat the process of varying my information and getting locked out for 24 hours. + +After around 100 failed attempts it was evident to me that no combination of my information would work. On Jan. 17 I decided to call the 800 number and speak directly to customer service. The lady I spoke with was friendly and seemed to understand as I walked her through the issue. After I had convinced her I had exhausted every possible combination of my information she recommended that I get referred to a "specialist" who would be able to immediately correct this issue. She said that in order to escalate the case number she would need to send me an email explaining common solutions for failed ID quiz (we already covered on the phone) as a formality and I would only need to reply back saying that I have already attempted the common solutions. Once I replied back she would be able to forward to a "specialist" and escalate to a "priority 10". Naturally I replied to the email immediately asking for this to be addressed. Here is the response I received: + +*"Hi there, +I’m sorry to hear that you are still having difficulty verifying your ID through the quiz. As I mentioned we use a third party to facilitate the quiz, and sometimes they just don’t have enough or up-to-date information. +If you’ve tried several times and still can’t successfully complete the quiz, unfortunately there may just not be enough information to verify you at this time. +You are welcome to continue trying to take the quiz as often as you’d like (there is a limit to the number of times you can try per day), as it is possible that the information may update and you could pass. You may also want to try entering different variations of your address, as that is one of the most common causes of not passing the quiz. +In some cases, this verification may be required to continue purchasing through Coinbase. However, in many cases it is not required, and you should still be able to purchase digital currency up to your daily limit with an unverified account as well as use many of Coinbase’s features for buying, selling and transferring digital currency. +In the future we may be able to implement a different method for verifying identity, but at this time we cannot manually verify your ID. +Again I’m sorry for the difficulty with the quiz. Thank you for using Coinbase."* + + +WTF??? This is completely opposite of what the lady on the phone told me. Did she just tell me this to get me off the phone and now they send me an email saying "we can't help you"? What do you mean you can't help me... you have $16,000 of my money. I immediately call back and speak to another operator asking what the deal was. She reassured me that the case was going to a "specialist" and would be a "priority 10" and sends me an email saying she is working with a specialist to address it properly. Obviously I am very perturbed at this point, however I let cooler heads prevail and try a few more days of entering my information. Of course this lead to zero success. + +I wait until Jan 24th and call back into the the 800 number to speak with an agent. After I politely explained the situation to the phone agent lo and behold they refer me to a "specialist" as the phone agent is unable to do anything other than verify I have a case open and it's a "priority 10". Before I let them hang up the phone on me and send me another email saying it's being looked at I ask if there is a way for the agent to look at the que and give me an estimate of when this will be resolved. Naturally there is no que or case# tracking system according to the agent. I also ask if I can have a number to speak with a specialist direct -- "No you cannot speak with them". What about email directly to a specialist? - "No you cannot do that either". Can you call the specialist and speak with them? "No we cannot do that". Can you call the specialist and conference me in with them? "No we cannot do that either". Okay so we are back to the wait for a specialist routine. The agent doubly reassures me that it will be resolved as fast as it possibly can because it is a "priority 10" so I reluctantly hang up the phone as it appears there is no other option. + +My mentality at this point was to call back in every day so I call back in on the 25th and essentially have a mirror image of the conversation from the 24th. At this point I realize this is going nowhere so I decide I will transfer my money back into my bank account and move to another exchange. I log into coinbase to make the transfer and WTF?!?! I can't transfer my money back into my account it came from without verifying my SSN and other information. Surely this is a joke that I have to have my SSN verified to move my own money back into the exact account it came from. At this point my mentality has moved beyond FOMO coin mania and into territory of - they have a decent amount of my money and I don't know if I will be able to get it back. + +It took every ounce of strength but I decided to take a zen-like approach and give it some more time. Absolutely zero correspondence or change in status on my Coinbase account over the next 2 weeks. On Feb 9 I made the decision to call in and make one last attempt and if the results are the same I would close my account live over the phone. The agent I spoke with gave me the same pitch of already being escalated to a "specialist" and there was nothing he could do further. I really went to town and explored all options so fun facts I learned from that conversation: 1) The agent and specialist do not communicate directly 2) Apparently there is no governing authority over either of these entity's that bridges to two 3) you cannot speak with anyone above the agent, not even a supervisor? 4) You can't communicate with a specialist - but we already knew that one. 5) Specialists "DO EXIST" 6) the phone agent cannot view if your case has been looked at or give you an estimate of when it will be completed. 7) A phone agent will "put you on hold" to pretend like they are speaking with someone (not a specialist) in order to appease you into believing they are doing something constructive towards a resolution. + + Clearly this is not getting resolved and the whole phone agent schtick is a lost cause. I immedately requested that my account be terminated and my money returned to me. I was greeted with the following "Sir, you cannot close your account until you transfer all of your money out of your coinbase account" Let that sink in for a moment. I cannot buy crypto, sell crypto, or transfer any USD until my SSN is verified. My SSN and information cannot be verified through the normal Coinbase verification and there is no manual way to do it nor will they provide any live customer support to work towards a resolution. I cannot close my account until all my money is transferred and there are no alternative ways to transfer money out of a Coinbase account. WHAT IN THE ACTUAL F!@#$. + +Coinbase literally has my $16,000 USD held hostage as there is no solution other than "wait for a specialist who may or may not be a real thing other than what we tell you to get you off the phone". I had a fully verified and functioning account - this is not an error on my end or me being pissy because I couldn't buy coin at the right time. They knowingly took $16,000 USD and then removed my verification status, have provided zero evidence of a solution, and then deny me when I make a move to close my account. I would have to believe that there are legal boundaries being crossed by denying me to close my account. I can look past the FOMO and the untold loss potential on having this amount of capital gridlocked but I cannot forgive them not even allowing me to close my account. I could even possibly make amends with this entire situation if I felt that I was receiving customer support that built trust they were actually looking for a resolution and not just telling me whatever to get me off the phone. Who knows what's really going on behind the scenes. + +My biggest problem with all of this - Coinbase certainly had ZERO issue taking the USD incoming but when it comes to the reverse its a big FU. + +Has anyone had a similar experience? Recommendations? I have thought about contacting a lawyer and seeing what my options are. I also contemplated going to appropriate US authoritative bodies but I really would prefer to not bring negative attention to crypto. + +[https://www.youtube.com/watch?v=uN2Dw8AOdMk](https://www.youtube.com/watch?v=uN2Dw8AOdMk) + + After a two-year cat and mouse chase, the Chairman of GameStop and Manager of RC Ventures has joined Joe Fonicello of GMEdd.com for his first extended interview. When I invested in GameStop the mainstream media considered the brick-and-mortar the next Blockbuster, with the company valued for an inevitable bankruptcy. In October 2020, I shared the GameStop thesis in my University's Stock Pitch competition and was told to "pick a company with strong long-term prospects." Myself and a small group of other passionate retail investors believed the retailer was misunderstood and took it upon ourselves to create GMEdd.com—a platform to share the research that Wall Street analysts and media pundits were missing. Once Ryan Cohen, the founder of Chewy and Manager of RC Ventures, reached an agreement to join the company board in January 2021, we published a research report with a view on how GameStop might evolve under his influence. Within two weeks, the share price far exceeded even our most bullish case. Since then, GMEdd.com has followed the company’s progress through crowdsourced investigative research. THE INVESTIGATIONS +A little bit of fist pumping for myself, a little bit of bragging, and a lot of “you could do this too” motivating my post. + + +I haven’t closed the 35c (no way it will hit over the weekend and I’m greedy and don’t want to pay the $80 commission +$0.05/contract to close it) and the 29p I tried to close for $0.05 but there were no sellers when my order reached the top of the book. + +I was fully leveraged this week, which can be bad news if it goes wrong, I know, and I’ve had some really close margin calls back in feb and March, but I’ve got cash accounts ready to cover if needed. + +These trades are a ~17% gain in account value for the week. + +https://i.imgur.com/OfHNgJv.jpg + +And all of this cost about $600 in fees with Questrade. Using IBKR would have saved me about $60 this week, which would definitely add up, but I’ve got some other positions to unwind before moving my whole account over. +Guten Tag to this global band of Apes! 👋🦍 + +My friends, I couldn't be more excited going into today. Yesterday's earnings report was everything I wanted it to be - GameStop is making great headway through some very challenging supply issues, has plenty of inventory and cash on hand, has great revenue numbers, and is investing in growth into the digital future. The cash alone is worth $23 / share, but this is clearly a company that is primed for great things, and actively investing to make it happen. + +Even *more* exciting is the DRS numbers! 12.7 million shares are held directly at ComputerShare, as of April 30th! That is a nearly 4 million share increase in just 3 months. This pace is incredible, and it is clearly having an effect on the shorts. With utilization approaching 100 days at 100% and borrow rates in triple digits, the pressure that DRS is exerting on the shorts is nearly crushing them. While I honestly expected there to be an attempt to crater the after-hours price following the earnings report, I can't blame them for not wanting to do so on the eve of shareholders approving a massive increase in share count so the GameStop Board can issue a split via stock dividend. + +Which, of course, brings me to today. Apes around the world will unite to listen to the Annual Meeting of Shareholders. As exciting as last year's in-person meeting was, I am glad that this one will not have a dramatic sub-narrative like last year. This is the first annual meeting under Matt Furlong, and I am eager to hear his words on the future of the company. + +Today is Thursday, June 2nd, 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: **$123.36 / 115,16 €** *(volume: 1539)* +- ⬜ 115 minutes in: $123.36 / 115,16 € *(volume: 1527)* +- ⬜ 110 minutes in: $123.36 / 115,16 € *(volume: 1506)* +- ⬜ 105 minutes in: $123.36 / 115,16 € *(volume: 1492)* +- ⬜ 100 minutes in: $123.36 / 115,16 € *(volume: 1473)* +- ⬜ 95 minutes in: $123.36 / 115,16 € *(volume: 1198)* +- 🟥 90 minutes in: $123.36 / 115,16 € *(volume: 1177)* +- 🟥 85 minutes in: $123.53 / 115,32 € *(volume: 1087)* +- ⬜ 80 minutes in: $123.68 / 115,46 € *(volume: 1065)* +- 🟥 75 minutes in: $123.68 / 115,46 € *(volume: 1061)* +- 🟥 70 minutes in: $123.70 / 115,47 € *(volume: 1057)* +- 🟩 65 minutes in: $124.11 / 115,86 € *(volume: 1054)* +- 🟩 60 minutes in: $123.96 / 115,72 € *(volume: 1030)* +- 🟩 55 minutes in: $123.94 / 115,70 € *(volume: 1023)* +- 🟩 50 minutes in: $123.00 / 114,82 € *(volume: 733)* +- 🟥 45 minutes in: $122.79 / 114,62 € *(volume: 713)* +- 🟥 40 minutes in: $122.94 / 114,77 € *(volume: 681)* +- 🟥 35 minutes in: $122.96 / 114,78 € *(volume: 646)* +- 🟥 30 minutes in: $123.01 / 114,84 € *(volume: 644)* +- 🟩 25 minutes in: $123.02 / 114,84 € *(volume: 641)* +- 🟩 20 minutes in: $123.01 / 114,84 € *(volume: 543)* +- 🟥 15 minutes in: $122.79 / 114,62 € *(volume: 519)* +- 🟥 10 minutes in: $122.80 / 114,64 € *(volume: 468)* +- 🟥 5 minutes in: $123.72 / 115,50 € *(volume: 172)* +- 🟩 0 minutes in: $123.73 / 115,50 € *(volume: 171)* +- 🟥 US close price: $121.40 / 113,33 € *($123.00 / 114,82 € 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 1.0712. 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! +[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/) +Hello, I'm new to trading, specifically Forex on Oanda. This is my first time going on Reddit or other sites just reading up on trading and it seems everyone only talks about blowing accounts and only 1% of traders are successful? I've started with $500 and I am currently at $855 and I just started last Monday. I don't do anything special just verify my indicators and trends with different time frames. Is the negativity mostly because successful traders don't have time to be on Reddit posting? Am I just having beginners luck? I know I could of had bigger profits, but I like following my trades with a trailing stop and I've noticed on some trades the candle will go negative, hit my trailing then continue into the profit but at that point I'm already out of the trade. In the beginning I saw it as a missed opportunity but now I just see it as guaranteed profits Also, once I get into a trade, if it goes negative over 10-15 pips, I'll enter another position since I'm confident in my trend patterns and indicators. Once I hit my profit or trailing, I erase all my indicators so I don't go back and question myself. Just wondering if I'm doing it right. So many posts about if you deposit $500 you'll blow your account so I'm wondering if this is inevitable or if I'm being too optimistic. Thanks. +**NYSE is closed and I’m bored, so I did some math stuff with exponential growth rates.** + +I started wondering what the growth rate of the floor equation is and thought, hey I can use math stuff to figure that out. + +So here it goes. First we have the $GME exponential tracking chart™ from Friday for reference: + +https://preview.redd.it/0k39n4evig271.png?width=808&format=png&auto=webp&s=91828c2cc5f61749a186c9d2068500e320d6ff7a + +**1) Calculation of the constant day-to-day growth rate of the exponential floor:** + +If we want to know how much the floor grows from day to day, we are gonna need the equation for exponential floor: + +https://preview.redd.it/ga5kzwofjg271.png?width=373&format=png&auto=webp&s=2e2b338c5333011cf9224599d1c7b6614c82ef84 + +Now we can calculate day-to-day growth rate as so: + +&#x200B; + +https://preview.redd.it/f51jayhojg271.png?width=752&format=png&auto=webp&s=d6f78bd51f75ddffe8fd2d459b13d290e0816076 + +So about 1.7% growth each day. That’s not too bad, but it doesn’t seem that impressive either… But hey, what if we look at the compounding effect over a year? + +&#x200B; + +**2) Calculation of the constant year-to-year growth rate of the exponential floor:** + +If we have 365 days in a year the constant year-to-year growth rate of the exponential floor is: + +&#x200B; + +https://preview.redd.it/d7k7gfh2kg271.png?width=779&format=png&auto=webp&s=54a25f3dc1308de3bc8c7aee687a5c6a56784863 + +**Yup, forty-six thousand and eighty-five percent growth in a year. Exponential growth is fun if you are on the right side of the deal 🚀 🚀 🚀** + +&#x200B; + +**Update / addendum:** + +I you are bored too and for some twisted reason want to calculate the growth rate over N days, the formula is: + +https://preview.redd.it/er2oc8fqpg271.png?width=675&format=png&auto=webp&s=fe20a3048c6161dc370e53d739f6574d3bbc1f54 + +&#x200B; +I have read many people believe the current rise in interest rates will tank housing. I have an alternative theory that in strong markets a reasonable amount of mortgage rate increases, 2-3% from here, could actually have the opposite affect on existing homes, as listed supply drops from current levels. My belief is most homeowners either bought or refinanced in the last 2-3 years and locked in 3% or less 30 year fixed rate mortgages. Most people are not going to want to list and sell their existing home and give up their 3% loan so they can move and buy a new one with a 5% loan. They will stay put and not list their home unless they absolutely must move or they get offered such a high price, they can’t refuse. I believe this is going to lead to a large decrease in the number of available listings in many markets already competitive because of low listed inventory. Thoughts? +Im always told you need to find deals before they hit market! Easier said than done. I cant compete with the “cash buyer” I also cant compete with people over paying for anything that hits the market. Now I get it the market is what it is and thats just how it goes, but seriously are there any investor/landlords/trades-mans that decided to go and become real estate agent’s? Besides extra income are there any other benefits that helped you scale your businesses? I want more options than just the MLS scraps. +The tenant I evicted moved across the street and proceeded to destroy the unit. + +Unfortunately, I don't have enough proof however, the dumbass moved his junk car to my property and left it there. So now in solidifies that it was him/them. + +I'm planning to completely renovate and gut the place out anyways so I'm not too mad however, he's been a menace and continues to destroy the house. I'll be walling up the place and boarding up the place after the complete gut out. + +What worries me is after I completely renovate the unit and he breaks my new windows and messes up my new paint. + +What should I do? If I make a police report, I'm worried he'll/they'll create a bigger nuisance. In the near future during the renovation phase, I will be installing cctv and really closely monitoring the occurances to get him redhanded. + +Any advice from landlords? How do I get him out of the neighborhood? The neighborhood I'm in are filled with nice houses 500k+ except his and mine (which will change after the reno). + +Edit: I've contacted landlord of other building and he said he will "talk to the tenants". I doubt it'll mean anything. + +&#x200B; +I'm fairly new to real estate investing, Live in Los Angeles, and looking at doing a cash out refinance and using the cash to buy an investment property. It seems too good to be true so I'm wondering if I'm missing something and wondering if anyone is doing something similar right now due to the current market and low rates. + +**Current Mortgage** + +* Home Value: $600k +* Current Loan Value: $440k +* Current Mortgage Rate: 3.875% +* Monthly payment incl taxes: $2,700 + +**Cash out Refinance Proposal:** + +* Home Value: $600k +* Loan Value: $480k +* Cash Out: $40k +* Mortgage Rate: 2.99% +* Monthly Payment incl taxes: $2,700 +* $1,500 closing costs + +Basically I can refinance and pull $40k out in cash, keep the same monthly payment, and only pay 1,500 in closing costs. I'd use the $40k and additional savings as a down payment for an additional property that I'd rent out. This seems too good to be true. Am I missing anything here? Anyone doing the same thing right now? + +The other option is to do a regular refinance (no cash out) and save $200 per month. Also attractive, but getting $40k cash right now that I can put to work seems like it has much more upside, particularly if the real estate market dips due to COVID-19 foreclosures in the near future. The $40k in cash would really come in handy to swoop up a deal. + +Here in LA the rent to purchase price ratio is pretty low, so the main purpose of buying another property would for the appreciation rather than rental income (although rental income can be a benefit down the line). +I'm a guy in my 30s with no health issues and about $3.5M. Looking at health plans in the US, and the cheapest cost about $300 per month per person. + +I totally understand that $7200 a year for myself and my partner will not drive me to bankruptcy. And that there's the risk of being "penny smart, pound foolish." I get it. + +However, have any of you simply decided to forgo health insurance altogether, and self-insure? + +As one data point, when one of my parents died recently, there were several days in the ICU, lots of treatments, etc. It all came to about $250K before insurance. The insurance out of pocket max was $7K, so that's all we had to pay for it. + +However, if something truly awful happened to *me* - I could afford $250K. So why not self insure? + +No kids, no plans to have kids. +With the Ethereum 2.0 coming soon, I am guessing more and more people will rush into staking ETH, which I believe will create a huge demand for ETH and I am curious what you think about this and what's your price prediction by end of this year. + +&#x200B; + +I've been converting more of my Bitcoin that has getting 3x gain the last few months into ETH. +Currently holding Canopy Growth and edging to hold until mid\-tomorrow. Experiencing a FOMO situation right now, but my gut is telling me to hold. Share your thoughts here! +I recently came into a small inheritance from a grandparent. As this the first time I’ve ever received any sort of lump sum of money, I am looking for advice on how to invest it. + +I currently split my investments by VEQT and VAB indexes (depending on my age). My parents however recommended I buy Canadian Bank stocks because of the dividends. + +Does anyone have any advice on if I should continue with my index strategy or if I should diversify with some Canadian Banks? +Any thoughts on timing on when to invest? + +Thanks! +My mom's estranged father passed away recently in a motorcycle accident (death was in TX; he is from AZ) leaving ~$7.5K in credit card debt. He is single and has two grown children, both in their 50s. His assets include ~$2.5K in checking account, a ~$13K truck, and a ~$3K (homemade) travel trailer. My parents want to liquidate his assets to cover his debts (saying "it's the right thing to do"), but I urged them to just keep the cash and submit a death certificate to the credit card company. I told them under no circumstance are they to assume ownership or make payments for this debt. However, they are afraid if they keep his assets creditors will come after them for the debt. Do you all have any advice or resources I can give them? +Using a throw away because I don't want people who know my main to know about the money. + +Okay. So my husband died a month ago and his insurance payout was 500k. I have 73k in student loans (from a private lender, not govt if that matters) after graduating with a bachelors. I'm currently living rent free with my parents and I'm allowed to stay here as long as I want. This setup will be minimum a year because I'm 8 months pregnant and need to adjust to motherhood and to my husband's sudden death. + +I am not working, but will be receiving an annuity of about 1k, which I will use for monthly expenses (food, clothes, diapers, etc.). I don't have any bills, as my student loans are deferred because I'm still taking some classes online for fun. I have a rental property which is currently paying for itself, as I have tenants. + +I was thinking to pay off my student loans in their entirety, and put the remaining $426,000 into two separate high yield interest savings accounts for now. I like this option right now because the money isn't stagnant, but I don't have to deal with the stress of investing on top of being a widow and a new mom. But I am open to ideas. + +I feel too young to be responsible for so much money and I don't want to ask anyone for advice in real life because money makes people do weird things. Please help, seeing that money hit my account stressed me out SO much, I was only expecting 100k and was making arrangements for that, but now all that is out the window. I live in the USA if that matters. +**Part 2/2** + +Much obliged, u/grungromp. Really appreciate you taking the time to mod this sub. + +**Link to 1/2 -** [https://www.reddit.com/r/Superstonk/comments/ptwy8m/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptwy8m/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +Link to 1/2 on profile -[https://www.reddit.com/user/MarkLawH/comments/puri7e/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/user/MarkLawH/comments/puri7e/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +**The Black Hole of Opportunities** + +With Huawei executives still traipsing from studio to studio trying to execute a PR plan they’d clearly had no training in and exhibit charm they were clearly never born with, some began to wonder whether Deng may have made a slicker job of calming world jitters than his successors. After reading the room for a while, Xi Jinping stood, made eye contact with every single Chief Executive worldwide, then began to calmly and patiently explain the concept of ‘capitalism with Chinese characteristics’ by taking a wrecking ball to his own economy. In he stepped to quite deliberately dynamite Jack Ma’s $38 billion Ant IPO, which had $3 trillion in orders. In he stepped to quite deliberately eviscerate the perfectly viable Didi, fresh from a $68 billion valuation. Macau, a great deal more valuable than Las Vegas in terms of revenue and a taxation goldmine, saw $18 billion wiped from casino stocks as the government vowed harsh new regulations and licensing laws. More regulatory, tax, and social clampdowns came thick and fast. Kids are now restricted to two hours of videogames a week by **law**, tanking associated stocks, including the vast Chinese interests. Children now have to login through **police fucking databases** to play Fortnite. And you know who designed and manages that system? The nice people at Tencent. Who, by the way, also own a huge chunk of Fortnite that we decadent Westerners allow to rot our children’s synapses for a lot longer than 2 hours a week. And you know what? I spend a lot more time talking seasons and skins with my kids than discussing authoritarian regimes and investing for their futures. Pow. One more in the win column for Xi. Private education companies – patient zero, the original ‘skirmish’ – were told to re-register as non-profits or face ‘de-listing’, wiping billions from going concerns like TAL and Yuantiku, fresh from raising those billions in the US to inflate values which were then used as collateral for loans from US banks. See how the game works? + +Here’s the rub; the Chinese government restricts videogames for children, whilst at the same time making extra online schooling free. What is any right-minded parent going to make their child do with all that extra free time and bandwidth? Yup. This was Deng’s 863 Program for the TikTok generation. But at the same time, the companies who implement and monitor this are buying up vast amounts of shares in US videogame developers to keep our kids quiet, happy, and stupid. + +Then there’s Ali-fucking-baba. Apart from openly facilitating the sale and distribution of the estimated 70% of counterfeited goods worldwide that originate in China, Jack Ma, one of the world’s richest Communist Party members is alpha testing his **own system of social security**. Supposed to be up and running last year, the Chinese government is mashing together data like your shopping habits, friends, credit score, criminal record, and fingerprints to generate a user ID, “a single scoring system assessing Chinese citizens’ economic and social reputations, which can affect travel allowance, school choices, work, etc.” The number assigned to you – not your name, you no longer have a name – can then be entered into a national database that will produce a forensically detailed record of your entire existence and how fucked you are because of it. If that doesn’t sound like some cold-blooded Orwellian shit to you, then you, my friend, might be a sociopath and/or a Risk Manager. Due to Covid, status unknown, but Jack Ma is not shy in talking about his belief that data capture by Alibaba can help his government ‘deter crime’.. With the exception of counterfeiters, probably. + +Why did Xi kill the Ant deal? Ma had the temerity to suggest, in a roundabout fashion, that ‘regulators’ – the PolitBuro – might be a little old to *really* understand youth markets. Perhaps without even realising how radically he’d gone off the reservation, Ma was summoned and forced to watch as Jinping put a gun to his newborn’s head and coolly pulled the trigger. $3 TRILLION in orders. The IPO’s suspension is estimated to have personally cost Ma $3 billion; a loyal Party member, a servant of the cause. Don’t try and bend the spoon, Jack. That’s impossible. Instead, realise the new fucking truth: you, money, the whole fucking market, is just a tool, a means to an end in a much larger plan. Now get the fuck out of my office. + +What did Didi do wrong? In all likelihood, not much. In fact, they probably did everything *right*. They took tens of billions of dollars from the likes of Uber and SoftBank, with the stroke of genius being that, having already cost the Japanese firm $4 billion, SoftBank then also dumped their shares in Uber to cover the losses on Didi. But wait, there’s more! Uber had handed over their **entire** Chinese business in exchange for equity in Didi, with the mainstream media crowing that Jinping was punishing Chinese companies for US IPOs. Communists so stooopid LOL. Look at the facts; lots more money, no more Uber. Ride hailing apps. *Biiiiig* fuckin data. + +Tencent? Well, their expertise is writing the adaptive algorithms that power Chinese state censorship, the Great Firewall that’s scanning this and everything else written about China on Reddit, amongst some other very shady shit. But they’ve also been tasked with playing a different string on the zither entirely. CEO Ma Huateng’s job is to spot the next generation. He’s scouted and executed strategic investments in what some estimate is anything from 800 to 1000 startups, each and every one of them now in hock to the government. Jack Ma was on stage with a mic, hyping the crowd, Xinping’s Flavor Flav. Didi CEO, Cheng Wei, is ex-Alibaba, a company man and expert administrator. Huateng’s the dude in the skinny tie and Raybans, cross-legged in a leather armchair, smoking, watching. Nouveau champions, nouveau riche. + +And then there’s Evergrande. The real estate behemoth is now insolvent, has suspended trading of bonds, and is expected to default imminently on many of its vast obligations. This is where contagion can burst like a supernova, as there are nearly 300 institutions on the hook for Evergrande’s debt, including BlackRock, UBS, Ashmore, and Legal & General. The majority of those are Western banks and pension funds, but literally **no financial institution worldwide** is outside the event horizon. Notwithstanding Evergrande’s debts being $300 billion, a staggering 2% of China’s GDP, the company also has a permanent staff of 200,000 and hires over 3.5 million contractors a year, so this outfit alone will be responsible for some sizeable blips in not just China’s but the *world’s* employment numbers. But here’s the thing; Xi Jinping very, *very* deliberately caused this by enacting corporate debt restrictions for real estate companies that he knew full-well many of China’s largest developers were already trading irretrievably in excess of. As of now, the government, possibly needing a sit-down and a protein shake after their sustained bloodletting, remain impassive, saying there will be no bailout of the stricken corporation, even though it will likely crater the entire housing market; residential and commercial. And this must be stated loudly; the Chinese were *really* getting into buying off-plan, so the first money to evaporate will be the deposits of hard-working individuals, not corporate slush funds. If CPCG and SOHO China are the next dominos to fall, particularly after SOHO switched from a build-to-sell to a build-to-hold strategy – and how unlucky is *that* timing, right? – this could mean their huge portfolios of real estate, much of it ultra-prime, could potentially be rendered worthless. + +See, some commentators are saying there is no conspiracy here, that this is simply the cyclical result of overspeculation. The Shanghai stock market had surged 150% in the 12 months leading up to the crash. It was too hot. This was *iiiii*nevitable. Others are asking why the authorities aren’t doing more to arrest the panic, as, at the time of writing, more than 1000 shares and bonds have been suspended to stem the sell-off and avoid loan defaults calculated against sky-high valuations. Sure, they cut interest rates and spread a little bailout money around, but 80% of investors in China are retail, and they’d been ‘encouraged’ to take out loans to play the markets for years, consumer credit that the government allowed to be cheap and barely regulated. The third camp is asking why on earth the Chinese government would deliberately pull the pin on this and then calmly walk the grenade into a missile silo. Nothing is accidental. + +**The Rug Pull** + +Now, my opinion, for whatever it’s worth, does require a little tinfoil work. But here goes: A large cadre of hardened Marxist-Leninist revolutionaries fight tooth-and-nail for a century for the Communist cause, a struggle that sees millions of their comrades die in wars and famines. They are mocked and marginalised for decades after suffering a hundred years of military defeat, national humiliation, invasions, foreign control, and atrocities. Then this most controlling of regimes permits the coronation of an alleged economic reformer, despite twice purging him in the early days for not being radical enough. Not purged and imprisoned for life or purged and murdered like the others, but purged only to be repeatedly re-invited to the top table. His open doors/open arms policy and stunning early returns start to suck money into a centrifuge that is gaining momentum. More foreign money goes in. Even more Chinese money comes out. The institutions are convinced, and the money centrifuge is approaching black hole status. The Chinese government watches, taxes, calculates. + +A new helmsman, Xi Jinping, takes the wheel. Over this period, cyberattacks worldwide rise to unprecedented levels and large data breaches are daily occurrences. It’s no secret that the NSA and GCHQ are tracking a large number of these back to well-funded hackers in China. What if China intended this crash all along? What if letting their market fall by 30%, real estate by more, insurance and financial services by still more, is just the beginning, because the short term simply doesn’t matter to them? The losses are predicted, within tolerable ranges, and all part of a plan. Then, when things are at their bleakest, the Chinese government appoints state-run administrators for each and every one of these distressed entities, these smoking, bullet-riddled hulks. They casually amble around the assets with their clipboards, puffing out their cheeks like decorators pricing up a job, then offer dollars – possibly *cents* – on the square foot for what Evergrande and SOHO paid thousands on the square foot. They shuffle off to make the same offer to manufacturing, automotive, finance. They say that the state rescue offer will be equity based. They’ll own the land again and they’ll own large chunks of companies dragging themselves back to profitability. + +Let’s go further than that. Let’s say that the brutal repression we’ve seen in Hong Kong is not the end of this British-built bastion of the international free market, but the beginning. Draconian new laws are seeing nonviolent protestors arrested, the free press shut down, sinister military units and plainclothes secret police violently dragging away protestors, dissidents jailed for decades, for **life**. Running for the Executive Council as a non-Communist Party member and hardcore loyalist is now impossible and religious clampdowns on the former colony have begun with cold, frightening efficiency. What if the Chinese government has a plan to underwrite loans to the companies crying out for credit? Not just in China, but worldwide. They now have equity **and** a large share of the corporate and consumer credit market. What if the Chinese banks with large domestic exposure ends up being subsumed, trillions in seized assets of foreign origin then coming under the control of the government? The Chinese government, remember, have one of the most awesome financial weapons on earth at their disposal; the ICBC. The Industrial and Commercial Bank of China doesn’t function as a central bank; that’s the job of the Party. The biggest bank in the world, with $4 trillion in assets, is a state-owned commercial lender. Before Brexit, people said financial institutions didn’t **have** to leave London. What if those same institutions simply **can’t** leave Hong Kong? + +By this point, Western banks are caught in a terminal whirlwind of sell-offs and write-downs, desperately trying to cover their now-worthless positions in China with a fire sale of US and European equities, bonds, and commodities. Pension funds are having a collective aneurism, the futures of millions mortgaged not against the failure of China – that ship has sailed – but now invested in the **rebirth** of China under the total and absolute control of the Party. They’re locked in. Maybe for generations. Possibly forever. Debt is downgraded and downgraded, B to CCC to D, descending to junk status. Once-mighty corporations are humbled. Lenders become borrowers. Time horizons might just be very different concepts between East and West. + +**Once in a Lifetime Opportunities** + +These are the catalysts I’ve talked about before for GME MOASS; a series of large international crises in quick succession that pull focus – and cash – away from a battle to keep downward pressure on the price of one stock (or at least a TRS basket), and into a more existential battle. I believe this will then make GME stand out as a safe haven and money will begin to flow inwards while the SHFs are looking away, another front opening up where the existence of a greater number of larger institutions are at stake with bigger players calling the shots. Shiller P/E, inflation, reverse repurchasing, (un)employment, stimulus tapering, and thus the mathematical probability of FTDs is made certain. + +In fact, frighteningly, a large redistribution of wealth in the West might not only be a welcome bonus in Xi’s game, it might just have been the game all along; sucking all the lifeblood out of Wall Street – perhaps Frankfurt, Sydney and the City, too – and rebuilding Hong Kong in his own image, with thousands of experienced financial professionals, now unemployed and feeling betrayed by central banks, who could quickly migrate to Asia and begin trading as soon as they’re at a desk. Better than that, Sotheby’s, Christie’s et al set up in Hong Kong *precisely* because of the vastly inflated prices that the champions were willing to pay for art, jewellery, and antiques. Sooo, basically anything you’d crack open the safe and tear up the floorboards to sell in an emergency is already gone? And you invested the returns in China? Fuuuck. Everything is deliberate. + +**Your Capital (Market) is at Risk** + +Everyone knows that the next epoch belongs to China. What nobody knew was that legally and illegally – ethereal concepts to the Party – the Chinese government has been concreting in the inevitable by funnelling billions into cyber attacks and datamining on a global, industrial level, whilst positioning themselves to be in total control of world credit markets from a financial HQ hand-built for imperial control then gifted to them by the UK, a state Chinese leaders have considered ‘hostile’ for centuries. They’re not interested in learning the same lessons as the West from Enron or Lehman or Credit Default Swaps or Iceland or Black Monday/Wednesday/Sunday. They were watching closely and calculating how they could be the ones pulling the strings, collapsing the pyramid of playing cards built by disparate foreign and domestic money managers before building it back on their own terms, no negotiation. + +The timing is perfect. Europe has been weakened by a generations-long campaign undertaken for them by Russia, their thuggish, money-hungry henchman-in-chief, at a time when the EU was perhaps the only potential candidate to counter the onslaught. The US has failed to learn lessons from 2008, leaving markets fragile and corrupt. COVID has left thousands of institutions scrambling to claw back losses, desperately looking for energetic markets that demonstrate any immunity whatsoever, particularly since Chinese-led calls for cryptocurrency regulation, having long ago banned it from domestic markets, have again made the West wary of DeFi and evaporated huge chunks of crypto mining. There’s simply no point in citing the international treaties, WTO rules, or legal statutes in place to counter this campaign, because those are a collective irrelevance to Jinping. The Leninists had a saying about the West; “They will sell us the rope with which we will hang them.” That’s Jiangxi Soviet. That’s Mao. That’s now. + +Still don’t believe me? Okay, look at the ‘other’ coming crunches; semiconductors and lithium. Oil was yesterday’s war, so China has taken a lot of that sweet foreign investment and heavily subsidised the entirety of its semiconductor industry whilst vastly outstripping the competition in mergers & acquisitions deals in the sector. The other three players in Asia, of course, are Japan, Taiwan, and South Korea, and China’s got major beef with all of them. None of these age-old foes can compete forever against massive state subsidisation. + +Lithium? China is the world’s third-largest producer and is estimated to be sitting on the fourth-largest reserves. You know what doesn’t need a battery and silicon chips? Toys your grandparents played with.. Fruit.. Not much else. But national footprint be damned. China’s Belt and Road Initiative, an undertaking requiring vision only gifted to cinematic supervillains, is not designed for school buses and commuters, it’s designed to move heavy plant machinery to those neglected parts of the world that have either been abandoned by the US, forgotten by the Europeans, or in whom the Russians have lost interest. Ask an Uzbek or a Tajik, and they’ll tell you that a whole bunch of airstrips and highways have been appearing, almost overnight and seeming to serve no purpose. Many shopkeepers in Mongolia have lithium, not tourism, to thank for foot traffic. Lithium/opium. But these things are not for *now*. They’re for soon. For later. For whenever the next unlucky explorer triggers the next fatal boobytrap. + +See, here is a plan coming together that’s been thousands of years in the making. By learning from hot wars in Europe, the Pacific, Korea, the Middle East, and the Cold War with Russia, Xi now knows *exactly* what it would take for the West to drop bombs – particularly nuclear-flavoured bombs – and financial and cyber crimes simply don’t pull triggers in London, Brussels, and Washington. + +The Chinese government know the people won’t mind being poor again because they’ve been poor before. Not historically, but in their own lifetimes. To them, it doesn’t matter if you’re the CEO of an e-tailer, or one of their packers; wealth comes and wealth goes. Only the cause is eternal. As a populace and as a government, their history – their *ancestry* – is taken very, *very* seriously in China. They also know that poverty, famine, and war are transitory in a way that will never be understood in the West. If the populace seems relatively indifferent to the despicable human rights abuses being committed against the Uyghur Muslims, Tibetan Buddhists, and practitioners of Falun Gong, it’s because, again, pain is transitory, and the State doesn’t permit them to be anything *but* indifferent. The government fosters the idea that these oddities and outliers simply haven’t made the rational decision to let the State decide for them yet. It’s just what happens when leaders have never been freely elected, and the West is misguided in thinking that this system, deep down, is not what the poor foreigner wants. We’re projecting our pathological hand wringing and worrying into an echo chamber. We’re hearing our own spectral, disembodied voices emanating from the depths of the cave and mistaking them for cries for help. + +The emperor’s mindset becomes a simple question of how he can require history to remember his dynasty as superior to those that have gone before. The body count is irrelevant. If empires have an average lifespan of 250 years, then 2026 marks the 250th anniversary of the birth of America. The British had a good run, so too the French and the Spanish, but the two World Wars put so many empires to the literal sword in making the typical error of overreaching in their quest for power that the lesson to learn was not to go searching for riches, but have others, with death knells tolling, deliver the riches to you. + +**Sweet tinfoil hat, bro. Care to join me in my bunker?** + +Soo.. Buy gold, right? On an exchange? Why? I’d be willing to bet that the commodities markets will be the most resilient to the new world order, but that’s only because commodities tend to be clunky, unwieldy, slow to ship. The ‘smart’ money is *selling* gold, and these sales will increase exponentially, making any gains temporary and resistance finite. Be-*caaaause* guess who’s doing all the buying? China! At a rate of about $3.5 billion a month since you ask. They’re shipping more that 900 tons a year to the mainland, because leaving it in some Swiss vault would be short sighted, and short sightedness is not their bag. + +Cryptocurrency? Decentralised things, particularly currencies, don’t sit right with Xi, and mischievous scamps playing super-fun games claiming Japanese origin alone could have added Bitcoin to Xi’s lengthy and largely inherited shit list. But not liking something is not a good reason to not want to control the world’s markets of something. There’s a very serious question of how much Tether is underpinning and/or manipulating the world’s crypto markets. Tether is owned by Bitfinex. HQ: Hong Kong. Registered Office: the Caribbean. Besides, the core components required in crypto are semiconductors and lithium, and soon we won’t have those. Not cheaply, anyway. Buuut.. you bought some NFTs, right? Cool. Go see the guy with the clipboard and he’ll quote you for the resale value. + +**Now All Your Bases Are Belong to Us** + +Xi’s predecessors were stone cold killers who built fearsome reps and unquestioning loyalty by leading chariot charges, bayonetting Japanese troops, and garrotting nationalists. Xi is a stone cold killer of a different grain, but the emperor’s purpose remains singular, and the message remains the same: Your entire economic structures, your national identities, the systems on which you rely, are totally and utterly meaningless. Sun Tzu, the famed general and strategist, said “The supreme art of war is to subdue the enemy without fighting”, and he was doing his best work during the Zhou Dynasty, the MVPs I was discussing earlier. Lesson learned. + +Douchebags from \[insert fund name\] keep asking in the financial media how serious these problems are for China. My question is how serious problems in China are for everybody else. Because problems in China and Chinese problems are very different things. But, by asking why anyone would want their growth to shrink back to 5 or 6%, they’re again projecting their own concerns, magnifying the weakness in their strategy. Not empathising. Not learning lessons. + +It’ll be in the comments that I’m some kind of Maoist shill. I’m not. I’ve lived my life as a decadent free marketeer, and I’ll die as one. What I’m pondering on is whether that will be on an island paid for by MOASS and the VIX, in a house I’m hopelessly upside down on with a weak set of spectacularly non-transferrable skills and unable to fund my flight to Lap Kok, or in a cave, trading my 1st edition Lugia holo for a hogshead of diesel and grading my potatoes B for battery and A for alcohol. Some will say that I’m not Chinese, I don’t understand. You’re right. And that’s exactly my point. Others will say I’m paranoid and dead wrong. One of those is true. One of those I hope is true. + +What can you do about this? Fuck knows. Learn Mandarin, I suppose. Personally, my money is in the certainties; GameStop and bear funds. + +The Chinese government may have won World War 3 without firing a single shot. Genius, probably.. But I’m not sure I want to be on the winning side. + +&#x200B; + +EDIT: Intro, thanks to mods +> I created a new profile to remain anonymous. + +> I recently learned I am a beneficiary in my grandmother's will. The total amount may end up being around 100k, but at this point it is unknown. The thing is, I'm unsure of who I should share this information as well as the money with. My father has already passed away, which made me, not my mother, the next in line as a beneficiary. I am currently using loans and my work income to pay for my way through college, so this money would be very helpful in minimizing the debt i would have by the time i finish. + +> As background financial info of my family: + +> + +> - My mother does not have a lot of money and could use some financial help fixing her car and possibly other things. + +> - My step father is in the same situation, but would have less need for financial help + +> - My sister (who is not a beneficiary) is also in college and accumulating a few thousand each year in loan debt. +> +> Ultimately, i feel undeserving of the money, and i don't know what to do. I feel like I should help my sister and mother out, but I dont know what is appropriate. I think I would be happy if I could fix any car or house problems my mother has as well as make it so my sister doesn't need to take out school loans. +> Would it be better in a retirement account that i pretend isn't there? +> +> Can you please help me /r/personalfinance ? +> Thank you in advance for any advice you can give. +>edit:formatting +>edit2: I am reading through all of the comments now, but i wanted to thank you all for taking the time to respond. This subreddit is wonderful for getting out most everything on the table for you to consider. I would like to respond more, but I prefer to not give out any more identifying details. +Money and families don't mix well in my opinion. It seems that distributing may make the most sense for my conscience, but that may also water down what I see as a great opportunity for us all. I'll have to think about this slme more. +Thank you again everyone! I appreciate the help very much. +I don't have a lot of money in my current account at the moment. I started the day at £9.84 and that triggered me to go back and review my sending over the last couple of months. + +Doing that I noted a train ticket that I could claim Delay Repay on because it was cancelled. I also realised I'd bought some relatively inexpensive fitness equipment (<£50) that needed returning. And finally I realised how much more I'd spent on beer and food since lockdown easing, not a recoupable spend like the others, but a nice warning of the consequences of enjoying new found freedom too much. + +All in all this probably means £100 coming back to me in the short term, and hopefully a more careful evaluation of spend decisions in the coming months. + +And to explain the title I'm in the incredibly fortunate position to be earning a chunk above the median in the UK. My take home, after salary sacrifice and taxes, is c. £3K a month and yet when I was earning half my current gross as a graduate I was nowhere near as careful with money. I would travel for work and sometimes forget to even reclaim the expenses owed by my employer. + +Putting my money into savings account, our marriages joint account and paying myself a monthly allowance has the clear benefit of putting funds into savings straight away. Today was a positive reminder of the other benefit though, that I pay more attention to, and hopefully use more discretion on, my non-essential spend decisions, as a result of artificially limiting my means. + +I wanted to share in case this was useful for anyone else. I appreciate this is probably teaching my grandmother to suck eggs for many of the folks on this subreddit. It also isn't meant to come across preachy, and I'm from a family where I appreciate how fortunate I am, where parents and grandparents had to take this much care over their outgoings not because they wanted to save for the future, but because if they didn't they would be able to pay the gas bill. + +Long post so I'll stop. TLDR: Giving yourself less money makes you pay more attention to your spend. +I don't have a lot of money in my current account at the moment. I started the day at £9.84 and that triggered me to go back and review my sending over the last couple of months. + +Doing that I noted a train ticket that I could claim Delay Repay on because it was cancelled. I also realised I'd bought some relatively inexpensive fitness equipment (<£50) that needed returning. And finally I realised how much more I'd spent on beer and food since lockdown easing, not a recoupable spend like the others, but a nice warning of the consequences of enjoying new found freedom too much. + +All in all this probably means £100 coming back to me in the short term, and hopefully a more careful evaluation of spend decisions in the coming months. + +And to explain the title I'm in the incredibly fortunate position to be earning a chunk above the median in the UK. My take home, after salary sacrifice and taxes, is c. £3K a month and yet when I was earning half my current gross as a graduate I was nowhere near as careful with money. I would travel for work and sometimes forget to even reclaim the expenses owed by my employer. + +Putting my money into savings account, our marriages joint account and paying myself a monthly allowance has the clear benefit of putting funds into savings straight away. Today was a positive reminder of the other benefit though, that I pay more attention to, and hopefully use more discretion on, my non-essential spend decisions, as a result of artificially limiting my means. + +I wanted to share in case this was useful for anyone else. I appreciate this is probably teaching my grandmother to suck eggs for many of the folks on this subreddit. It also isn't meant to come across preachy, and I'm from a family where I appreciate how fortunate I am, where parents and grandparents had to take this much care over their outgoings not because they wanted to save for the future, but because if they didn't they would be able to pay the gas bill. + +Long post so I'll stop. TLDR: Giving yourself less money makes you pay more attention to your spend. +Wow, what a year it has been! Last year we saw some amazing performances in our [first annual paper trading competition](https://imgur.com/EEjpIS9). This year, we're looking to up the ante and welcome all of wallstreetbets' minors, poor people, and all the newcomers who don't quite know what we do yet. + +I'd like to announce **The Second Annual WSB Paper Trading Competition!** This competition has been an amazing opportunity to trade and learn with zero stakes. Since last year, we have grown by 350,000 subscribers, and its the perfect time to throw you all into the fire. + +And all of this massive growth calls for the biggest, best, and most baller virtual trading competition on Reddit. + +That's. Right. All you noobs, newcomers, novices, and personalfinance wizards can join in on the fun of wallstreetbets with zero of the consequences. Please read these rules carefully, and you'll be on your way to trading in the big leagues, Guh-Free! + + +# Rules: + + +1. **Comment with some various info about your strategy, your ideas, or anything about yourself. Communication and participation is the key to learning!** + +2. **Paper Trading is primarily for those with no real-money accounts. If you have a real money account and you comment on this thread, you may be banned forever.** + +3. **This thread is for the comments referenced above, ONLY. Any other meta comments about the competition (here or in other threads/chat) will result in a ban.** + +We will be sending out invites for the paper trading competition later in the week, only to those who have commented. + + +Thanks! + +wsb mod team in conjunction with /r/teenagers and /r/unrealtournament +**April 26, 2011** + +**The Final Message** + +Satoshi sent this message to early Bitcoin developer Gavin Andresen as a response to Andresen talking about Satoshi in the press + +***“I wish you would stop talking about me as a mysterious shadowy figure. The press just turns that into a pirate currency angle. Maybe instead make it about the open source project and give more credit to contributors. It helps motivate them.”*** + +Satoshi did not want to be the leader or founder figure of Bitcoin. He wanted it to be a pure open source project created by and for all of humanity. It was clear from the beginning in every decision he made and his actions make more and more sense after he left. + +Even 6 months before this final message, there were already signs that Satoshi would leave. In December 2010, he removed his name from Bitcoin's SourceForge license document and updated all email contacts on Bitcoin.org to other developers. Satoshi's last public message on Bitcointalk was on December 12, 2010. Through Gavin, he asked all the volunteer developers to take the project forward. + +This was Gavin's message on behalf of Satoshi shared to Bitcointalk forum on January 13, 2011. + +“So who is willing and able to help out? Don't ask permission, just jump in, grab a bug that catches your interest, add comments to it as you start to figure out what the problem is (or isn't), and submit a PULL request when you have a fix. + +Your reward will be recognition, admiration and respect. It is time to take bitcoin from, essentially, a single-programmer project to a robust open source project with lots of contributors.” + +By studying the early history of Bitcoin it's clear that Satoshi only planned to stay as long as he was needed to get Bitcoin up and running. Once others started chipping in, he knew his work was done and he left. + +Today there are hundreds of Bitcoin developers but you may not know that they don't get any salary to work on Bitcoin. They are supported only by sponsors and donations. If you hold good amount of BTC, maybe you should consider donating at least 1% to Bitcoin FOSS developers. +I'm sure there are others on here who use Amazon Prime because they live in the middle of nowhere and the nearest stores are a hardware store, drugstore and a market not much bigger than a convenience store. + +If you have an EBT card (SNAP and other uses) or a Medicaid card, you qualify for this reduced rate Amazon Prime. + +ETA link: https://www.amazon.com/b?ie=UTF8&node=16256994011 + +https://www.cnbc.com/2020/03/18/oil-markets-coronavirus-pandemic-in-focus.html + +At any other time this would be by far the biggest financial news story, but the way things are oil almost feels like a footnote right now. How do you think these low prices will impact the economy? +https://preview.redd.it/y2hkdyuv33i61.png?width=369&format=png&auto=webp&s=370667d35ba22ef0bdbd50be27e5176e188624eb + +Ticker: **KRKNF** US OTC/**PNG** Candian exchange (Stocktwits- PNG.CA) + +This is my research on Kraken Robotics. This company should see strong near-term price increases and I expect at least **8-12x** growth in the next 24 months. As of this writing the share price is sitting at **$0.50**. + +Before you read any further, I want you to understand what I look for in an investment; I invest in companies that are undervalued, possess world changing technology and have a large potential catalyst, be it financial changes, a market inflection point, buy out or pending regulatory approval. For it to make sense to me, the company must provide me with a large near-term upside and continued long-term growth. Basically, I am looking for penny stocks that should not be. Kraken fits all these requirements for me and is just starting to pick up speed in the industry. I will continue to update this, but I feel that it will be moving quickly so I would like to get this in front of everyone’s eyes ahead of time. I am not a financial advisor, I am a mom and a professional fire officer, do your own DD. + +My last DD here was for MVIS which was under $7 and less than a month later is at $20 – Penny Queen r/PennyQueen + +If you like this DD give it an upvote on r/trakstocks, I am cross-posting because this type of stock is what this subreddit is all about. The audience at trakstocks is huge and actively invest. [(6) Release the Kraken - Autonomous Vehicles, AI, Battery & Sensor Tech, RaaS and clean energy play : trakstocks (reddit.com)](https://www.reddit.com/r/trakstocks/comments/lm102y/release_the_kraken_autonomous_vehicles_ai_battery/?sort=new) + +**About** Kraken Robotics is a 6-year-old robotics company specializing in autonomous vehicles, high-end, software-centric sensors, subsea batteries, and thrusters for military and commercial customers. They are now providing AI assisted RaaS (Robots as a service) and they are transitioning their business model to focus on recurring revenue from subsea data acquisition and data analytics. + +Their key areas of innovation are **autonomous vehicles**, **battery and sensor technology**, **AI data analytics and robotics as a service** (RaaS) + +Kraken is an up-and-coming player that has gone from a workforce of 20 to over 150 in the past couple of years as they have been acquiring companies and their technology while expanding their operations. They are a growing presence in the 10-billion-dollar underwater vehicle market, ranked by [Deloitte](https://www.thetelegram.com/business/local-business/kraken-robotics-leads-east-coast-tech-companies-on-canadas-fastest-growing-list-521886/) as the fastest growing tech company on the East coast (Canada). + +**Financials -** Kraken’s financial will change drastically in mid-April when they release their 2020 Q4 which will show a 40 million dollar contract they received. This contract alone is equal to half their market cap. + +Their current revenue stream supports a **$1 price point**, with a $6 price point factoring in unrecognized contracts, continued sector growth with similar contract capturing. I see $1 in the next 6 weeks and $3 by end of year. + +**Market cap of 86.33M** 165.01M outstanding shares and an extremely low float of only 112.29M – insider ownership sits right around 30%. Con- there is no real institutional ownership. [Yahoo Finance](https://finance.yahoo.com/quote/KRKNF?p=KRKNF&guccounter=1) + +\*\*Typical volume for Kraken has been about 178k a day, the recent contract news has pushed this to **1.3m today**, telling me it is ready to move on up. The lack of attention this company has received is a major reason for its low price point. + +Kraken raised 10m in October 2020 to expand its robotics as a service business, on leasehold improvements, equipment, parts and inventory and possible future acquisitions. + +[Q3 Fiscal 2020](https://krakenrobotics.com/themencode-pdf-viewer/?file=https://krakenrobotics.com/wp-content/uploads/2020/12/Kraken-Q3-2020-Financial-Statements.pdf) + +[Management Discussion and Analysis Q3](https://krakenrobotics.com/themencode-pdf-viewer/?file=https://krakenrobotics.com/wp-content/uploads/2020/12/Kraken-MDA-Q3-2020.pdf) + +**Products -** + +**Autonomous Vehicles** + +· AUVs (autonomous underwater vehicles) + +· USV (unmanned surface vehicles) + +· Towfish (Towed underwater vehicle) + +· ROV (remotely operated vehicle) + +&#x200B; + +https://preview.redd.it/naunop6x33i61.jpg?width=747&format=pjpg&auto=webp&s=b6ce4b19e025060e204dc83fe61b0f78e89d96c1 + +**Katfish subsea pressure neutral batteries** + +&#x200B; + +https://preview.redd.it/z0pvh20y33i61.jpg?width=491&format=pjpg&auto=webp&s=7f3988f4abfe0756486693539294848a2aa6f514 + +**Software-Centric Sensors –** These innovative sensors provide ultra-high-resolution imagery of the sea floor, think of it as GoogleMaps – water edition. + +· **SaS Sonar**\-synthetic aperture sonar provides 15x high image resolution than conventional side scanning sonar, with larger coverage area. + +&#x200B; + +https://preview.redd.it/v226xdkz33i61.png?width=850&format=png&auto=webp&s=0f790677c5bf1e92a1fc6a91365c42154c3838e9 + +**· Seavision** – 1st ever full color 3-D underwater laser with real-time processing, live video streams and + +&#x200B; + +https://preview.redd.it/fb0t40z043i61.png?width=600&format=png&auto=webp&s=0500b07dabd5d5e4034e4f59557c79e6b68c99db + +**Rim Mounted Thrusters** + +&#x200B; + +https://preview.redd.it/relqerf243i61.jpg?width=439&format=pjpg&auto=webp&s=7ae010dafea89135a89c20fad1f73bab2d659e2f + +**Market and Application –** Representatives of Kraken Robotics, the underwater vehicle market could be worth $10 billion annually by 2025. + +The military market encompasses naval mine countermeasures, anti-submarine warfare, intelligence, surveillance and reconnaissance. They believe this could be a US$4 billion market by 2025. + +The commercial market includes far more, cable & pipeline surveys, subsea mapping, oil rig and offshore wind and wave energy asset inspection, maintenance repair and environmental monitoring. They believe this could be a US$6 billion market by 2025. + +\*\*Applications -\*\*Their IP and sensor technology are also applicable to some space exploration and potentially automotive sensor applications. + +**Major Catalysts** + +· **Q4** – Their Q4 financials will be a gamechanger, expected in mid-April, should show the first payments from the Danish contract. + +· **Gaining traction** in military defense – They recently secured a large mine hunting contract with the Danish military for $40 million (nearly their market cap), beating out major players in the industry (Thales, Northrup Grumman and Raytheon) in the process. They have also secured contracts with Poland and the US, which are widely considered a foot in the door for larger NATO contracts. [(1) Kraken Robotics - #StoryToTell - OSC Video Series - Episode 1 - YouTube](https://www.youtube.com/watch?v=s1XtAd_YVms) + +· **Executive staff** \-Kraken has brought US Vice Admiral Michael J Connor onto the board of directors. He spent 35 years in the US Navy and ran the submarine fleet and is “opening doors” for the company per Greg Reid. + +·**Future Contracts** \-I spoke with investor relations yesterday and they informed me that Kraken Robotics is currently pursuing over 100 million dollars in contracts. Yesterday they released a [PR announcing a new 3.5m in contracts](https://www.globenewswire.com/news-release/2021/02/16/2175847/0/en/Kraken-Announces-3-5-Million-of-Contract-Funding-Awards.html) this included the following information about the upcoming year: + +· **R&D** Successful testing of their SeaScout and ThunderFish technology.Underwater vehicle platforms: + +These notes are from yesterday's PR : + +“We have a strong pipeline of international pursuits with military (NATO and allied navies) and commercial companies. Given where we are in the sales cycle with several of these customers, we feel confident in our ability to deliver significant growth from the SeaScout® platform in 2021 and onwards.” + +SAS sensors: “We believe our Aquapix MINSAS sensor is gaining traction as it has been bid and is being incorporated into numerous RFI and RFP responses from larger defense companies and AUV manufacturers on notable upcoming programs.” End user evaluation is continuing. + +Remote Minehunting and Disposal System RFP expected released Q1 21.. will partner with several large defence contractors on the bid. Canadian Guv prelim estimates for this contract are between 20-40 million. Subsea power: Moved to larger facility in Q4 2020 to improve customer delivery times and should improve margins RaaS: Busy 2021 in the field. Partnering with larger service companies to bid on various offshore service opportunities. + +“Kraken has numerous commercial pursuits in survey and inspection RaaS covering offshore oil and gas and offshore wind in NA, SA, and Europe. R&D - Commercial availability projection: Seamless SAS - Q2 21 New Data Formats - Q2 21 Sea Vision - Q2 21 Multi-Spectral SAS - 2022 -Will receive Dive LD Auv in Q2 21 -Thunder fish sea trials second half 2021 + +Comparison of traditional side scanning sonar to Kraken's SaS + +**Video links worth watching**: + +[(1) The Future of Military-Grade Underwater Robotics - Kraken Robotics - YouTube](https://www.youtube.com/watch?v=STJmDoIrgQE) + +[CFO interview November 2020](https://www.youtube.com/watch?v=wK7Z_ZiN864&t=51s) + +[February 2021 technology review](https://www.youtube.com/watch?v=yG24r7LGMrs) +**China Evergrande Group (3333.HK),** **market cap HKD 29.8 bil ($3.82 bil)** \- a well known story. Allegedly dodged default three times, but our good friend Dr. Marco Metzler has a different story to tell. + +**Kaisa Group Holdings (1638.HK), market cap HKD 7.3 bil** **($940 mil)** \- the company's offer to exchange its $400 million of dollar notes maturing Dec. 7 for new ones due 18 months later expires in London today at 4 pm. If the offer -- which requires a 95% approval rate -- fails to win support, the struggling firm has said it may not be able to repay bonds and could consider a debt restructuring. Investors holding more than half of the notes are not willing to support the exchange offer,according to a letter from a financial advisor that represents some of the bondholders. +[https://www.reuters.com/world/china/chinas-kaisa-offers-bondholders-option-exchange-existing-bonds-with-new-bonds-2021-11-25/](https://www.reuters.com/world/china/chinas-kaisa-offers-bondholders-option-exchange-existing-bonds-with-new-bonds-2021-11-25/) + +**Fujian Yango Group (000671:CH), market cap CNY 12.5 bil** **($1.96 bil)** \- gets rejected on Bond Payment Extension Proposal. Fujian Yango Group didn’t receive bondholders’ approval to extend principal payment for its 400 million yuan bond due Dec. 7, according to a statement on Chinamoney.com.cn. Fitch downgrades the IDR of the Yango Group to C. +[https://finance.yahoo.com/news/kaisa-next-debt-worry-ashmore-002806871.html](https://finance.yahoo.com/news/kaisa-next-debt-worry-ashmore-002806871.html) + +**China Aoyuan Group (3883.HK),** **market cap HKD 5.8 bil** **($740 mil)** \- failed to repay a $150 million guaranteed accelerated loan that backs private notes issued via Rainmaker Solutions. A notice dated Nov. 24. describes the missed payment by the developer as a collateral default. Fitch downgrades the IDR of the China Aoyuan Group to CCC-. +[https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-china-aoyuan-group-to-ccc-due-to-lower-likelihood-of-bond-refinancing-24-11-2021](https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-china-aoyuan-group-to-ccc-due-to-lower-likelihood-of-bond-refinancing-24-11-2021) + +**Ronshine China Holdings (3301.HK),** **market cap HKD 4.9 bil** **($630 mil)** \- Ronshine has CNY20.2 billion of bonds maturing or turning puttable from now to end-2022, including $137 million of senior notes due in Dec 2021, $198 million in Feb 2022, $466 million in Mar 2022 and $690 million in Oct 2022. While Ronshine allegedly had available cash of CNY23 billion (excluding pre-sales regulated balances) in Sep 2021, over 60% of the unrestricted cash is at the project level, which may not be readily available for the holding company to repay debt. A month ago, Fitch Ratings has downgraded company's Long-Term Foreign-Currency Issuer Default Rating (IDR) to B. The Outlook is Negative. +[https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-ronshine-to-b-outlook-negative-removes-from-uco-01-11-2021](https://www.fitchratings.com/research/corporate-finance/fitch-downgrades-ronshine-to-b-outlook-negative-removes-from-uco-01-11-2021) + +**Fantasia Holdings Group (1777.HK),** **market cap HKD 1.8 bil** **($230 mil)** \- failed to pay $206 million in loans in Oct 2021. Fantasia was worth $415 million, a drop in the ocean compared to Evergrande's crisis. But its bond default contributes to an imminent major collapse in China's property market. Fitch Ratings downgraded Fantasia to CCC-. +[https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/](https://www.reuters.com/business/chinese-developer-fantasia-misses-repayment-deadline-2021-10-04/) + +**Sinic Holdings (2103.HK), market cap HKD 1.8 bil** **($230 mil)** \- defaulted on $246m of bonds that were due to mature in Oct 2021. Fitch Ratings has downgraded Sinic Holding's Long-Term Issuer Default Rating (IDR) to C. +[https://www.ft.com/content/1e79c466-c813-41de-a0b3-cbd27a983aaa](https://www.ft.com/content/1e79c466-c813-41de-a0b3-cbd27a983aaa) + +**Modern Land China (1107.HK),** **market cap HKD 1.1 bil** **($140 mil)** \- The developer had earlier in Oct 2021 moved to extend the maturity of bonds. The US rating agency said it “considers the consent solicitation to be necessary for Modern Land to avoid default given tight liquidity”. In Nov 2021 they claimed a default on a bond repayment last week has pulled forward repayment dates for a further $321 million worth of notes, and the company withdrew an interim dividend to hold on to cash. Fitch downgraded the rating on developer Modern Land to C. +[https://www.reuters.com/world/china/chinas-modern-land-says-bond-default-triggers-earlier-repayment-deadlines-pulls-2021-11-01/](https://www.reuters.com/world/china/chinas-modern-land-says-bond-default-triggers-earlier-repayment-deadlines-pulls-2021-11-01/) + +**China Properties Group (1838.HK),** **market cap HKD 750 mil** **($98 mil)** \- the development subsidiary, Cheergain Group, had defaulted in Oct on $226 million worth of payments on bonds due on Oct.15. The parent company says that it "is not able to fund the outstanding amount due until it has completed the sale or refinancing of" certain assets. Shares of the developer, which are listed in Hong Kong, have been suspended from trading since April, and will remain suspended until further notice, according to a stock exchange filing. +[https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1015/2021101501434.pdf](https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1015/2021101501434.pdf) + +EDIT 1: added Sinic Holdings +EDIT 2: added Modern Land China +EDIT 3: added China Properties Group +&#x200B; + +Fun Fact: He owned 49% of Microsoft at IPO and slowly divested over time + donation to his foundation. + +&#x200B; + +Microsoft today has a 1.6 trillion market cap. + +&#x200B; + +2+2 = $800 billion + +&#x200B; + +Thus he would have absolutely destroyed Jeff Bezos's $190 billion +I plan to completely retire from full-time work in the year 2020. I was curious about what the various investment companies use as their stock/bond ratio for their 2020 target funds. I looked up the 20 most popular 2020 target funds and researched their ratios. + +Some were as low as 24% of assets in the stock market. The highest was the Fidelity 2020 fund at 55% in stocks. Averaging all ten funds I got 42% in stock (58% bond funds and cash.) + +In the past when I researched target funds with a date 1-2 years from retirement, the ratio averaged 55-60% in stocks. + +**Do you think the investment experts running these funds have made them more conservative because they know a stock market crash is coming?** +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +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.* +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.* +https://www.cnbc.com/2019/08/14/trump-hammers-clueless-jay-powell-rails-against-crazy-inverted-yield-curve.html + +President Donald Trump blamed the Federal Reserve for mounting fears about a slowing U.S. economy on Wednesday as he defended his administration’s trade war with China. + +In a pair of tweets, the president argued the central bank and its “clueless” Chair Jay Powell have dragged on the U.S. economy. He also blamed the Fed for the yield on the 2-year U.S. Treasury moving higher than the yield on the benchmark 10-year Treasury — a possible recession indicator that contributed to U.S. stock indexes dropping more than 2.5% on Wednesday. + +Trump also claimed “we are winning, big time” in his administration’s trade conflict with the world’s second largest economy. “China is not our problem,” but rather “our problem is with the Fed” and its interest rate policy, he said. +It still doesn’t feel real. I’ll break $40,000/year for the first time in my life. Shorter commute, M-F schedule for the first time in 4 years, and I’m out at 4:30 every day. The interviewer said that most people either didn’t show up or were vastly under qualified. Now is the time to put yourself out there. + +I was doing okay and chipping away at debt before inflation kicked in. I’d been grinding in my job because I wanted to get promoted for a raise and to have a schedule that isn’t so difficult with kids. A click and an hour long discussion and I’m where I planned on being in a year. +The report while it might not seem super important/impressive revealed some actually insane information I think many people are overlooking. + +IMO the most important info is the fact that NSCC charged 25.5 BILLION in clearing requirements. + +This is fucking insane. + +I have been working on a DD for the past 4 months that this will fit in perfectly with. + +The DD will expose exactly how many shares were bought by retail on Jan 27th and by extension, how many shares were nakedly sold short. + +I am going to be working with some professors to ensure the accuracy of my DD, but needless to say I am hyped. +# 🚨🚨 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!) +With the insight that 100,000,000 has been generated in lending revenue in the last three months only, we have been given another piece to the puzzle. +The information contained in the news unveil the amount of shares lent out. + +Let’s do some napkin maths. + +The revenue r generated by lending an amount of shares s depends on the borrow rate b and the share price p. +Let’s assume some averages and refine the maths later in case we are onto something. +So the average price between July and September (3 months) should be around 35. say the average borrow rate was 10%. The generated revenue was 100 million USD. +Use a 2.5% interest rate to approximate three months. + +r = s b p +r / (b p) = s +100000000 / (0.025 * 35) = s +This yields approximately 114 Million shares lent out. So about 37.5 % of all shares outstanding. +Considering naked shorting and the cellar boxing scheme, this is only the visible tip of the iceberg. + +Im gonna head out and DRS some more. + +Edit: Formula formatting + +Edit 2: Follow up thoughts: + +Currently, considering the DRS‘d shares from retail, insiders and stagnant insiders, 46% of the stonk is locked up. Consider another 37.5% lent out and (at least) short. +This leaves only 16.5% of the remaining shares to be DRS‘d until the 🩳 will have to fight among themselves for the emergency exit. +Furthermore, we are approaching a majority stake of 50% in retail hands. This will render controlling interest to retail, with the power to quickly and securely approve or deny any proposal issued by the company. What a time to be alive. +For the experienced traders out there. How did you feel when you discovered that it is indeed true that not every strategy works. And that you should really find out what works for you. + +I’d love to start this discussion in the comments!🙌 +&#x200B; + +[YTD](https://preview.redd.it/c3svoe0u2p091.jpg?width=1170&format=pjpg&auto=webp&s=f2ed248b2b272adc7cd0b0437470f51b03a08b6a) + +&#x200B; + +[All Time P&L](https://preview.redd.it/22huvdye5p091.jpg?width=1170&format=pjpg&auto=webp&s=3bcdb703e74242ea7da8fe856532d558b6f6207b) + +Been in a slump. I understand the market has been in a downtrend. I've been trading full-time for over 2 years now. I've made great progress, but man.... I cannot find my rhythm. I study every night, I go over my losing trades to figure out where and what I'm doing wrong. I go over and try to sharpen my skills on my winning trades and fine tune it more and more. I'm constantly watching YouTube videos, reading posts on here, talking to other traders, etc. I just feel like I'm becoming a worse trader somehow. It's getting to the point where I feel the need to write this post because I honestly don't know what else to do. + +&#x200B; + +I'll have a good couple of days in a row with my strategies, then I'll have a span of days or even weeks where I can NOT for the life of me have a winning trade. My problem in the past was that I didn't cut losers quick enough and I have huge losses that set me back a lot. I've tried to combat this with setting physical (instead of mental) stop losses. Mental stop losses allow me to be emotional. However, my stop losses always seem to hit... no matter how close, no matter how far. + +&#x200B; + +I try to hold winning trades, because I always seem to sell too soon before the ACTUAL run up. I sell for pennies, while the trade is actually on it's way to dollars in the money... but when I hold winning trades, it ultimately ends up working against me and I lose a decent amount of money. When I don't hold trades, I take smallll profits... and then it ends up running. + +&#x200B; + +There's so much more to it. I could talk forever about trading and the stock market and my journey in general. Sorry if this post is somewhat scrambled and incoherent. My mind is just lost at this point. I can answer any questions anyone has. I'd really appreciate some feedback, suggestions, etc. Thanks guys. +I'm not posting the link because I don't want to give either the clicks. CNBC and fuck nuts boomer face are promoting banks that are about to implode. Cramer is blatantly fucking with peoples money especially if these banks on the verge of cratering. Nothing makes me more irate. If any two entities that deserved to get cancelled it's Cramer and CNBC. Cramer did it in 08 and he's doing it again. FUCK I'm pissed. +*From* ***Grattan Institute***\*:\* + + More than three-quarters of Australian workers earn less than the average full-time wage of $97,439 a year. + + ... + + The typical full-time Australian worker actually earns $84,628, and the typical Australian worker earns just $63,041. + +I just can't fathom how **most** Australians are living on less than $55k per year *pre-tax*. Even most **full-time workers** are individually earning less than $100k with the median being almost $15k lower than the average. + +It's worth noting that the 99th percentile is almost exactly double the 95th percentile - as expected there is a HUGE right-skew in the earnings distribution. + +I am, as I imagine most of this sub are, in the top 5% of earners in the country and frankly I don't feel wealthy - at best I am comfortable but as a Gen Z I am still going to struggle to do basic stuff like buy a bloody house. + +How the hell does this make sense? Did I just overestimate what prosperity was, or has there actually been a material change in the standard of living in Australia over the last 20 years? Do you guys feel wealthy?? + +Sources + +* [ABS Average Weekly Earnings, Australia](https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/latest-release) +* [Grattan Institute 2022 Cheat Sheet](https://grattan.edu.au/news/grattan-institutes-2022-budget-cheat-sheet-on-what-australians-actually-earn/#:~:text=More%20than%20three%2Dquarters%20of,Australian%20worker%20earns%20just%20%2463%2C041.) + +https://preview.redd.it/bpamph66ays91.jpg?width=1040&format=pjpg&auto=webp&s=ce93d25bcd06931f32ec72fba853b0ab640bb691 +Get ready ladyapes and gentlemen apes. Yesterday there was a post featuring a Steve Bannon quote. Just now, there was a post which included a reference from a 9/11 illuminati Conspiracy theory. The new fud tactic is going to submit despicable content to make the movement look insane. The shorts know that we are going to have new people looking in soon, and want them repelled. Stay vigilant and report the fud. +https://finance.yahoo.com/news/the-number-of-americans-who-super-commute-is-on-the-rise-184529879.html + +The number of Americans who “super commute” (travel 90 minutes or more to work each day, each way) is on the rise. + +According to county-level data compiled by Apartmentlist.com from 2005 to 2017, the number of "super commuters" grew by 32%. That is more than triple the 9% growth rate for those with commutes shorter than 90 minutes. + +"In places like New York and San Francisco, where generally super commuting tends to be a symptom of really rapid economic growth, — where there’s tons of jobs being added, but there's not enough new housing. And so housing costs get really expensive, and folks get pushed out to the peripheries of the metro,” he explained. “In the Midwest region, what you're seeing is really almost the opposite, where it's kind of a region that's seeing a long term decline economically. So folks are driving further and further to get to the opportunities that are left." +Guten Tag to this global band of Apes! 👋🦍 + +Apes, Earnings Day is finally here, and what a build-up it has been! We've recently seen the deepest dip offered in the past year, a flurry of tweets by Ryan Cohen aimed directly at the predatory Short Hedge Funds, and an unending stream of purple circles continuing to lock up the float. While many of us do *not* expect the earnings call to include any announcements of major partnerships or reveal future plans that the GameStop leadership team is currently working on, the DRS number seems like the first thing most of us are going to look for. + +Meanwhile, it seems that Ken Griffin is trying to cleanse Citadel's search results with a distracting bid to purchase Chelsea FC. This man commits crime day in and day out, and instead of taking the route to cleanse his name by, you know, *stopping the crime*, he instead goes and spends his illicit gains to make headlines and dilute search results that highlight his criminal behavior. He should know by now who he is up against - there is no force in this world stronger than an Ape scorned, and we have several hundred thousand of them right here, watching closely. Chelsea FC should pay very close attention to who they decide to do business with. + +Today is Thursday, March 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 60 minutes in: **$86.51 / 78,69 €** *(volume: 321)* +- ⬜ 55 minutes in: $86.51 / 78,69 € *(volume: 321)* +- ⬜ 50 minutes in: $86.51 / 78,69 € *(volume: 243)* +- ⬜ 45 minutes in: $86.51 / 78,69 € *(volume: 238)* +- ⬜ 40 minutes in: $86.51 / 78,69 € *(volume: 237)* +- ⬜ 35 minutes in: $86.51 / 78,69 € *(volume: 215)* +- ⬜ 30 minutes in: $86.51 / 78,69 € *(volume: 214)* +- ⬜ 25 minutes in: $86.51 / 78,69 € *(volume: 169)* +- ⬜ 20 minutes in: $86.51 / 78,69 € *(volume: 149)* +- ⬜ 15 minutes in: $86.51 / 78,69 € *(volume: 148)* +- ⬜ 10 minutes in: $86.51 / 78,69 € *(volume: 137)* +- ⬜ 5 minutes in: $86.51 / 78,69 € *(volume: 98)* +- 🟥 0 minutes in: $86.51 / 78,69 € *(volume: 76)* +- 🟩 US close price: $86.86 / 79,01 € *($86.88 / 79,02 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0994. 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! +David Friedman came up with a pretty cool version of the argument against tarrifs. + +http://www.daviddfriedman.com/Academic/Price_Theory/PThy_Chapter_6/PThy_Chapter_6.html + +"There are two ways we can produce automobiles. We can build them in Detroit or we can grow them in Iowa. Everyone knows how we build automobiles. To grow automobiles, we begin by growing the raw material from which they are made--wheat. We put the wheat on ships and send the ships out into the Pacific. They come back with Hondas on them. + +From our standpoint, "growing Hondas" is just as much a form of production--using American farm workers instead of American auto workers--as building them. What happens on the other side of the Pacific is irrelevant; the effect would be just the same for us if there really were a gigantic machine sitting somewhere between Hawaii and Japan turning wheat into automobiles. Tariffs are indeed a way of protecting American workers--from other American workers." + +I think the key is the last sentence. +Looking for some safe steady growers in my TFSA. + +Feel free to recommend others. + +With so much uncertainty in the market and BSB/WSB, I dont want to YOLO a bunch of cash and get sucked into the frenzy. Shoutout to all the diamond hands but I just cant afford to risk stuff right now. +Long time lurker , 1st time poster. + +I’ve recently been pivoting most of my higher risk investments into banks and more stable positions. The looming call on consumer and corporate debts after Aug (when the federal support money will start to dry up and people’s deferred mortgages will start to be called in again) has me thinking that Canadian banks are in a for rude realization that many won’t be able to pay even then. Although I don’t believe in a collapse (much like the US in 2008/2009). I’m curious to speculate how Canadian banks might be impacted if more and more people/companies start missing their loan repayments. + +I’ve read the articles about the banks creating “war chests” in the last quarter but still thought it was a good topic of conversation. + +TLDR: although banks have positioned themselves with a larger war chest. What’s going to be the impact on the recall of consumer and corporate loans after federal money dries up ? +Long time lurker , 1st time poster. + +I’ve recently been pivoting most of my higher risk investments into banks and more stable positions. The looming call on consumer and corporate debts after Aug (when the federal support money will start to dry up and people’s deferred mortgages will start to be called in again) has me thinking that Canadian banks are in a for rude realization that many won’t be able to pay even then. Although I don’t believe in a collapse (much like the US in 2008/2009). I’m curious to speculate how Canadian banks might be impacted if more and more people/companies start missing their loan repayments. + +I’ve read the articles about the banks creating “war chests” in the last quarter but still thought it was a good topic of conversation. + +TLDR: although banks have positioned themselves with a larger war chest. What’s going to be the impact on the recall of consumer and corporate loans after federal money dries up ? +I always followed a typical three-fund portfolio advice from Bogleheads (VTI/VXUS/BND in fixed percentages), however I think the very dogmatic approach breaks down as one reaches 8 figures and > 50X living expenses (I'm not there yet, $3M during this downturn but preparing myself): + +* The part about keeping a constant percentage of bonds to reduce risk doesn’t make sense to me. I find it more useful to keep a constant absolute amount of fixed income to cover, say, 10 years of living expenses during a downtown, which never gets rebalanced into equities. Preferably allocated to individual treasuries and not ever-green bond funds. +* The extreme allergy for any alternative investment, be it real estate, private equity, … + +So I wanted to ask: how are you, as a fatFIRE person, invested? I am specifically interested in the people who are actually there, ideally 8 figures and > 50X living expenses: + +* Overall asset allocation (e.g. 80/20 or 10y fixed income, rest in equity) +* International vs domestic equity allocation (e.g. 50/50) +* Single-stock vs index allocation (e.g. 20% company stock) +* Fixed income allocation (bond funds vs individual treasuries vs muni vs cash) +* Real estate allocation (primary vs rental portfolio, …) +* Any other you can think of! + +Thanks! +This question is for those of you who are already Fat but continue to work. Why do you do it? How old are you? What is your NW? When do you plan to stop working? + +I am currently semi-fat ($5.5M, 30 year old male, SE USA) and still working. I’m asking because I’m not really sure why I still do other than family health insurance and to keep busy/learning. +I have fortunately accumulated a nice 7 figure retirement mostly through stock appreciation. However, 80% of the funds are outside of a retirement account. I'm 56 and will be retiring in 2022. I will be moving from ca to tx as well. The move in part is to avoid the onerous cap gains ca taxes. Cap gains are taxed as ordinary income. I can avoid this in tx. +I'm at schwab right now and considering leveraging a portion of of my stock on margin to purchase a house in the mid 500k range. I've thought about moving over to interactive broker for the lower margin rates. Has anyone done this, and if so, how did it work out? I'll have about a 5 to 1 equity vs margin so I feel fairly confident if there is a down turn, if margin rates go up I feel it's far better than paying federal cap gains on 500k. Also, any helpful opinions would be appreciated. +A 4-year degree just isn't what it used to be and there are good paying trade jobs available these days because everyone thinks they need a 4-year degree. + +[NPR article on this topic](https://www.npr.org/sections/ed/2018/04/25/605092520/high-paying-trade-jobs-sit-empty-while-high-school-grads-line-up-for-university) +1. What was the atmosphere like? +2. What were the indicators or signs before it happened? +3. How were you positioned? And how did you react? + +edit: 4) Looking back, What would have been the ideal play? That 10-50X +[https://youtu.be/\_1kn95761wg](https://youtu.be/_1kn95761wg) \- this is awesome from 1997. Has Cathy Wood, coked up Cramer, some fat hedge fund guy making moves, and a Long Island sweetheart who says 20% a year isn't fast enough :) enjoy + +Premium selling is going to be awesome... sell puts, maybe go long a few vertical calls... bank it. +The 4% rule-of-thumb is a great starting point for setting a SWR for someone retiring at a traditional retirement age. But as many people in the community have stated, it makes less sense if you're planning for an extended retirement. + +Here's how I've calculated my SWR: + +1. Start at 3% +2. For each 5% you’re willing to lower your spending when your portfolio falls below it's original value, increase your SWR by 0.25% +3. Take into account current valuations based on CAPE ratio +\-- CAPE >30: subtract 0.25% +\-- 25<CAPE<30: leave alone +\-- 20<CAPE<25: add 0.25% +\-- CAPE<20: add 0.5% +4. Accounting for willingness and ability to return to work for an extended period if necessary +\--Very unwilling: leave alone +\-- Reluctantly willing: add 0.25% +\-- Very willing: add 0.5% +5. If you are very risk averse, subtract 0.25% so you sleep better at night + +Reasoning: + +* Looked at a 50 year retirement timeline with a 70/20/10 stock/bond/cash split +* [Generally, for each 5% you increase your spending flexibility, you can increase your spending by 0.25% while keeping your odds of going broke <10%](https://engaging-data.com/will-money-last-retire-early/?spend=40000&initsav=1000000&age=35&yrs=50&stockpct=70&bondpct=20&cashpct=10&sex=0&infl=1&taxrate=10&fees=0.3&income=0&incstart=50&incend=70&expense=0&expstart=50&expend=70&showdeath=0&showlow=1&show2x=1&show5x=1&flexpct=20) +* [CAPE ratio has been a pretty good predictor of long term equity performance, SWR success rates](https://earlyretirementnow.com/2016/12/21/the-ultimate-guide-to-safe-withdrawal-rates-part-3-equity-valuation/) +* [If you work when your portfolio is down, you’ll usually have to work for a very long time until it recovers](https://earlyretirementnow.com/2018/02/07/the-ultimate-guide-to-safe-withdrawal-rates-part-23-flexibility/). If you’re ok with that, or if you’re expecting to make money from side hustles anyway, then you can be riskier with your spending +In today's edition of DDDD (Data-Driven DD), we’ll be going over over the details about what happened this week with GME, the drama around Robinhood and other brokers, and take a close look at some data to determine whether or not GME and other various meme / high SI stocks such as AMC, BBBY, FIZZ, LGND, and ~~BB~~ will continue 🚀🚀🚀in its short squeeze this week, and how this all could lead to widespread stock market crash and financial crisis. But first, something to cover my ass for the SEC investigators combing through this Subreddit + +Disclaimer - This is not financial advice, and a lot of the content below is my personal opinion and for ENTERTAINMENT PURPOSES ONLY. In fact, the numbers, facts, or explanations presented below could be wrong and be made up and with some satire thrown in. Don't buy random options because some person on the internet says so. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance. + +## What Exactly Happened at Robinhood This Week? + +There has been plenty of speculation this week about what exactly went down and unverified (although reasonable) rumors on why Robinhood did this. I’ll go over the top two theories before taking a deep dive into the “official” reason given by Robinhood. + +[**Pressure from the White House and Sequoia according to a Robinhood employee**](https://www.reddit.com/r/ClassActionRobinHood/comments/l723kf/robinhood_insider_information/) + +This statement has been [refuted by Sequoia](https://www.newsweek.com/sequoia-capitol-denies-pressuring-robinhood-stop-gamestop-trading-after-viral-reddit-post-1565269). I personally wouldn’t believe the Sequoia part since I don’t really know what they would gain from it - they’re a Venture Capital firm, not a hedge fund, and would not be actively shorting stocks let alone be trading in stocks. It could be possible that the White House, or someone from the government did contact Robinhood - actually, I’d be pretty shocked if no one called them at some point this week to ask wtf was going on.During this call, they may have been afraid that GameStop’s short squeeze would have triggered a major financial crisis due to hedge funds collapsing and de-grossing, causing a mass selloff similar to what was seen in 2008 and in March 2020 - I’ll talk more about this later. Basically, without Robinhood shutting down GME from being bought, it’s actually very possible we would have seen the rest of the stock market collapse last week, and this was something the Biden administration was trying to make sure didn’t happen in the first month in office. + +**Possible intervention from Citadel Securities** + +This was a theory I personally believed in initially and would have been a very obvious area of scrutiny for many people. The most straightforward one being the fact that Citadel (the hedge fund) dumped a few billion into Melvin to bail it out a [few days ago](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340), who were the very well known shorts of GME. Citadel, the hedge fund, is owned by Citadel LLC, which happens to also run Citadel Securities - a market maker. If you don’t know what this is, go grow a few brain wrinkles and read my [previous post about this](https://www.reddit.com/r/wallstreetbets/comments/l5ygab/dddd_how_rwallstreetbets_created_a_financial/). Citadel Securities is effectively Robinhood’s sugar daddy, directly being responsible for around [40% of their revenue](https://www.cnbc.com/2019/04/18/a-controversial-part-of-robinhoods-business-tripled-in-sales-thanks-to-high-frequency-trading-firms.html) in 2018 through their payment for order flow (i.e. selling your trades to Citadel, giving them the right of first refusal, and [potentially giving you a worse price](https://www.sec.gov/news/press-release/2020-321); this is how they get 0% commission trades btw). + +Theoretically, Citadel the hedge fund and Citadel the market maker is run independently and sister companies both owned by Citadel LLC, but anyone can see this being a potential conflict of interest. There’s also a possibility that Citadel Securities losing billions of dollars being short so many GME calls (they write 99% of all options contracts) and probably not being perfectly Gamma and (especially) Vega hedged, so when those two greeks skyrocketed on GME they probably lost tons of money there. [According to WSB hero Chamath](https://twitter.com/chamath/status/1354947541125611526), he didn’t invest in Robinhood when they came to him on multiple occasions because he thought the founders lacked integrity, implying he believes they might have been the type of people to sell out their users (granted, they already literally do this) and do this type of shit. + +**The Official Reason - Clearing House Limitations** + +Let’s get to the [official reason put out by Robinhood](https://blog.robinhood.com/news/2021/1/28/an-update-on-market-volatility), which is that their clearing house, in this case the Depository Trust & Clearing Corp, suddenly increased their collateral requirements on GME trades drastically. Apparently, **Robinhood is running out of cash**, so they weren’t able to provide the cash collateral demanded by DTCC, and hence weren’t able to trade through them. Let’s dumb this down and talk about how brokerages work. + +Let’s talk about what a clearing house is and how they work. Imagine Bob wants to sell Dylan a share of GME. There’s a bunch of legal paperwork and logistics for actually transferring over the share, which can take a few days to finalize - this is called settlement. However, you don’t want people being able to back out of this exchange during this process for obvious reasons, so that’s where the clearing house comes in. Let’s call this clearing house Mary. What Mary does is facilitate (clear) this exchange, and ensures both Bob and Dylan follow through with their trade by having them both immediately give Mary cash as collateral while the exchange settles. If one party was no longer able to meet their end of the exchange (eg. Dylan goes bankrupt), Mary acts as an insurer and is responsible for buying the share from Bob instead. If it turned out that Bob was lying about actually owning a share and can't transfer it over to Dylan in time (failure to deliver), Mary is responsible for finding that share for him instead. + +Since GME suddenly became very volatile, and the financial soundness of some parties and their ability to deliver their side of the trade have been suddenly called into question ([at least on the seller’s side](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/)), DTCC decided (...or due to pressure from other sources?) to increase the collateral needed for buying GME to be more than 10x of the proportion of the market value of whatever it was before. Most brokerages reacted to this by disabling margin trading. For some reason, Robinhood went one step further and disabled trading for all accounts, possibly due to their relatively small cash reserves compared to places like Fidelity, and the relatively large number of users who use margin in the platform. + +## What’s Robinhood Going To Do About GME? + +Robinhood’s decision to stop purchases of GME basically got hate from literally everyone, to the point where it somehow united the country in a beautiful way. Here’s a list of things that happened as a result of Robinhood’s decision, for fun + +* [Ted Cruz retweeted AOC saying he completely agreed with her](https://twitter.com/tedcruz/status/1354833603943931905) +* [Protests at NYSE and Robinhood HQ](https://www.foxbusiness.com/markets/protesters-gather-at-robinhood-hq-nyse-in-response-to-restricted-stock-trades) +* [Class action lawsuit](https://www.cnn.com/2021/01/28/investing/lawsuit-robinhood-gamestop-wallstreetbets/index.html) +* [Someone paid to have an airplane](https://www.reddit.com/r/wallstreetbets/comments/l8rlyx/this_guy_is_flying_a_banner_saying_suck_my_nuts/) fly around the Bay Area over Robinhood’s office saying “Suck my nuts Robinhood” +* [Angry Robinhood employees were given DoorDash credits for some reason?](https://www.reddit.com/r/wallstreetbets/comments/l7y5ka/robinhood_staff_unhappy_about_the_trading_hault/) +* [Congressional investigation to Robinhood’s decision](https://www.businessinsider.com/robinhood-job-posting-federal-affairs-congress-hearing-gamestop-reddit-2021-1) +* [SEC investigation to Robinhood’s decision](https://www.cnet.com/news/robinhood-troubles-sec-will-closely-review-actions-that-restricted-amc-gamestop-stock-trades/) + +Clearly, this decision has single-handedly made Robinhood the most hated company in the world right now. It’s especially bad given the optics - their mission is to literally “democratize finance”, with the idea of empowering individual retail investors to be on the same level of institutions. This decision, whether intentional or not, has literally gone against everything about Robinhood’s image and mission, and will end the company if not fixed soon. **All of this right as Robinhood is planning to launch their IPO**. + +The people in charge of Robinhood likely know all of this and are doing everything they can to find cash and liquidity to put up the collateral needed to resume GME trading. So far we’ve seen them raise $1B from investors and $500M through lines of credit overnight, although based on the fact that GME is still restricted, that doesn’t seem to be enough. However, in my personal opinion, I think it's likely that Robinhood is doing everything they can to find more money given the situation, and once they do, **they will likely re-enable trading on GME. If that happens (which IMO will probably be some time next week), GME and all other high-SI stocks will absolutely** 🚀🌝\*\*.\*\* + +## How GME Almost Caused (and Still Can Cause) a Stock Market Crash + +Let’s go over something else interesting that went on as a result of the GME short squeeze - the fact that it started to affect the stock market overall. In fact, the stock market had the largest decline since October across all sectors on Wednesday when GME, AMC, and other high-SI stocks surged, with a very sharp recovery as the meme stocks fell after Robinhood suspending purchases; this was one of the biggest de-grossing of hedge funds in history. [Chamath wrote a great Twitter thread about this](https://twitter.com/chamath/status/1354883147523997697), so amazing that I’ll just copy-paste his tweets rather than try to explain it better myself. + +>*A children's book explanation of what's happening:* +> +>*1. If you are "smart money" you are allowed to take your $1 and leverage it up to $15+* +> +>*2. You can now buy $15 of stock AND if you promise to short companies, you can short $15 of stock as well* +> +>*3. In finance language, this means that you are $30 "gross" ($15 of longs + $15 of shorts) but $0 net (+$15 of longs -$15 of shorts). This makes everyone feel good because it feels like you are taking zero risk...but in reality, your $1 is exposed to $30 of risk.* +> +>*4. Now you go around and tell your friends about both your longs and your shorts and when you do it at a restaurant vs on Reddit, its called an "ideas dinner".* +> +>*5. You also publish your longs on a quarterly lag via an SEC rule. You don't have to tell anyone about your shorts.* +> +>*6. Now the less cool people who weren't invited to the ideas dinners, start copying your longs based on your report.* +> +>*7. You realize that publicizing your shorts is also a good idea so instead of only selling stocks, you also BUY options (puts) which has to be reported.* +> +>*8. Now everyone can see both your longs and your shorts and if you have a hot hand, you can likely predict that the cool people from the dinner as well as the less cool people monitoring your filings will copy you.* +> +>*9. But then an outsider notices that the math is way off!* +> +>*10. Apparently, some of these shorts that you own represent more than 100% of the entire stock of the company. Huh?* +> +>*11. So he grabs his chicken fingers and champagne and buys, starts a massive short squeeze. 12. Other's see what's happening and they jump in.* +> +>*13. Now a massive short squeeze starts. You have to cover your shorts ASAP. But the banks also notice that you don't have enough credit to cover the $30 they lent you and ask for more collateral. You now also have to sell your long positions.* +> +>*14. What happens next is that a cascade of short covering and long selling starts driving some stocks to the moon and others way down. Which stocks went up? Basically the ones that were the most heavily shorted by you and your buddies in the first place.* + +[Hedge fund grossing \/ de-grossing](https://preview.redd.it/c5we1d7e0se61.png?width=761&format=png&auto=webp&s=7a11131168d69e5f3aea93c8fd087a1478500ddc) + +In other words, as stocks like GME go up, the highly-leveraged hedge funds that are shorting these stocks are forced to sell their longs as they cover their shorts. Most retail investors are limited to 2x leverage, but since hedge funds are “hedged” by taking short and long positions, they can be up to 30x levered since theoretically they would be shielded from external events that cause all stocks to go up or down in price (i.e. Beta neutral), so they’re “safer”. To get out of these short positions, they will need to massively unwind their long positions as well so they can still have a reasonable “Net Exposure”, triggering a sell-off in those stocks. + +A very similar thing actually happened in March (with risk-parity) causing hedge funds to similarly massively de-gross, and literally everything from GLD to even AMZN’s stock price dropping as a result, even though theoretically COVID-19 would’ve been good for both from a fundamental basis, as we saw later on. It’s very likely that if Robinhood hadn’t stopped purchases of GME, many more hedge funds shorts would have had their shorts blow up and be forced to continue to de-gross causing a widespread stock market crash, potentially being the catalyst for finally popping the [decade-long liquidity (leverage)-fueled asset bubble we’ve been experiencing.](https://www.reddit.com/r/wallstreetbets/comments/ghcfn5/dddd_the_20102020_liquidityfueled_asset_bubble/) In fact, this could still happen since it doesn’t look like hedge funds have learned their lesson and **are still heavily short GME with Net Shares Shorts barely moving this week** [**according to S3 Partners**](https://twitter.com/S3Partners/status/1355225495835709441)**.** Furthermore, despite seeing the largest de-grossing of hedge funds since 2009, **gross exposure (aka leverage) of hedge funds still remains** [**close to record-high levels**](https://www.reuters.com/article/retail-trading-hedgefunds/goldman-sees-hedge-fund-exposures-close-to-records-ongoing-sell-off-risk-after-gamestop-swings-idUSL1N2K60GW). + +**TLDR** + +In case your attention span was too short to read everything above, + +1. Robinhood is going to be doing everything they can to raise cash to resume GME purchases, when this happen GME 🚀🌝 +2. Much of the stock market’s value is held by over-leveraged hedge funds, so **if GME (and other common shorts) 🚀🌝 the rest of the stock market might collapse around it (EDIT - as hedge funds re-consider their long / short strategy), triggering a financial crisis** + +*Now, just to be clear, buying GME right now is joining a game of hot potato; the longer you hold the potato the more tendies you get to eat for dinner, but at some point this will all blow up and when it does someone will be the bagholder - and right now everyone is rooting for these bagholders to be the hedge funds that are short GME. That being said, with Short Interest barely moving this week, this day of reckoning doesn’t look like it’ll be coming in the next few days and for reasons mentioned above, it’s probably more likely for GME to reach $1K next week than the probability that it’ll fall below $100.* + +Or in other words, [I like these stocks](https://www.highshortinterest.com/). + +EDIT - Appearently S3 Partners just contradicted [their tweet on Friday](https://s3partners.com/Exclusive.html?utm_source=twitter&utm_medium=announcement&utm_campaign=10ds) and now indicate that shares short of GME have dipped below 30M shares. Still highly shorted compared to most other stocks, fwiw. + +EDIT2 - Getting alot of questions on how one short position in a small cap can do this, and my answer is that GME alone wouldn't cause a financial crisis, but rather what GME represents, which is disproving that hedge funds that a long / short strategy (i.e. taking out additional leverage to short similar companies they long) is unviable; The word from my hedge fund friends is that this type of thing would have been considered a six-sigma event, or one in a billion chance of happening; which is obviously no longer true. Hedge funds seeing Melvin go down will probably start re-consider their short books. This on mass will cause a mass short-covering and also sell-off of their longs. Hedge funds levering up using cheap money has been the basis of the stock market's rise the past year - how do you think money magically goes from Powell's money printer to the stock market? +I started late January with $100,000 with the goal to double it within six months. So far I have traded 35 days, and the account is currently at $122,700. + +The account was up as high as 72% before by a week of substantial losses. Each loss was a lesson, which I'll get into in this post. It's not easy to talk about failures, especially big ones, but I hope that the detail I provide here can help other traders be more successful. + +# SPY: Painful Prediction + +Looking at charts and the options chain, I made what I thought was a good prediction of where SPY would close on a Monday. I opened 200 put credit spreads in the last half hour of the trading day, only to watch the SPY sell right down through the strikes. I closed the spreads 5 minutes before market close for a loss of $15,607. This was the first major loss I'd taken since starting my 180 day goal, and it shook me. Apparently not enough, because the worst pain of the week was still ahead. + +*Lesson: You don't know what the market is going to do. Even if you were right before, it's cocky and dangerous to think you can predict anything.* + +# GME: Violent Volatility + +"March 10th Manipulation" of GameStop stock simply caught me off guard. Those who follow my posts know that GME has been a very profitable medium in my trading thus far. Even with the losses from that day, GME trades have netted over $44,000 in profits since January 29th. + +But I digress. + +I was in an active rubber banding position involving going long several hundred shares and selling covered calls against them at higher strikes. The price was steadily climbing towards $350 and profits were pouring in when GME abruptly plunged more than 51%, halting three times on the way down. + +&#x200B; + +https://preview.redd.it/wxccr20qn7o61.png?width=612&format=png&auto=webp&s=f0a6b9b9e745ecd1e4cd94f2b353385d26f6b261 + +Even with the high volatility of GME, I never expected this. And even though I could buy back the calls I sold for max profit, the drop in value in the stock I owned eclipsed the gains and when the dust cleared, I had $11,263 in losses. + +*Lesson: The market giveth, and the market taketh away. The same volatility that makes you money can vaporize it in a nuclear flash.* + +# FINV: Rocketship Short + +This massive process failure began as a hunt for overextended names later in the day. I love trading so much that sometimes even with gains in the bank, I still search for more opportunities, with sometimes tragic consequences. + +FINV came on my radar when it was at $7 a share. I set up a 1/4 position short order at $7.20, a previous pivot high. Sold 5000 shares short there, and bought back half of them at $7.10 for a quick profit. That's when trouble started. + +My exit strategy is to take profits on half the position and use that amount to absorb downside risk. So what I SHOULD have done is set the stop loss at a level that would have simply wiped out the gains if hit, along with an OCO order to take profits on the second half. But before I could, the second stage of the rocket ignited. You can see that in the chart below. + +&#x200B; + +https://preview.redd.it/73rviu8gn7o61.png?width=613&format=png&auto=webp&s=70278d573cc5d976172005f2a44db4aa3ecee73d + +Instead of setting the stop loss, I sold another 5000 shares at $7.47, and another 5000 shares at $8.04. I was convinced that the price wouldn't just keep going up. I was wrong. + +So I started hedging by selling calls as the price continued to climb and buying them back as it declined slightly. Overall the losses were lessened because of this, and I kept my maintenance margin in the safe zone. + +I stared at my screen as the red grew and grew and finally resigned myself to a massive loss 15 minutes before the markets closed. Sure, I could have held it overnight and hoped for a price decline the next day. But deep down, I really wanted myself to learn a lesson, the kind of lesson only huge losses can teach you. I exited the position at $9.84 for a net loss of $30,783. After hours, the price peaked at nearly $12, which would have led to a massive margin call and greatly increased my loss, so I made the right choice. Of course, Murphy's Law made sure the price declined to my exact average entry two days later. "It's a tough old world, Lloyd." + +*Lessons:* + +1. *Once max position has been reached,* ***set the stop****. Every. Damn. Time.* +2. *Only add to a position if you have solid levels based on multiple factors. (In this case I only had pivot highs and a "belief" that a decline was imminent. I also ignored several factors in my rush to enter the trade, like market cap, overall trend, industry performance, short interest, etc, which can all make it more risky to short a stock that has gone cuckoo parabolic.* + +# Conclusion + +Losses are a part of trading. Catastrophic losses don't have to be. + +Ending one week up 72% and the next week down 68% from there shakes you to your core. The same aggressive strategies that led to nearly 3% daily growth ultimately led to the decimation of almost 5 weeks of gains. + +So what next? Focus on the strategies that lead to smaller gains with consistent results. For me, that is technicals-based day trades based on the PPT methodology. + +This back-to-basics shift has brought the account back to goal level in just one week. The system works, the hard part is sticking to it! + +https://preview.redd.it/3tibyc58q7o61.png?width=1320&format=png&auto=webp&s=f3ed5317f67582ffaf533a0d607f00755ccd676f + +What are the most painful lessons you learned? Did they wipe you out, or have they contributed to making you a better and more successful trader? +https://www.bloomberg.com/news/articles/2017-01-09/blackrock-quants-sustain-record-losses-in-setback-to-fink-plan + +> Some of the quant group’s deepest losses came in the first few months of the year, when markets plunged before bouncing back sharply in late February. Many quant shops stumbled, but a big reason SAE missed the rebound had to do with BlackRock’s own investment policy. It instructs the team to sell when losses become sizable, regardless of what its mathematical models say, according to a person with direct knowledge of the matter. + +Early in the days of this forum, people thought 2000 would turn out to be one of the worst times to retire. So, at the end of each year I like to look at their performance. I was bored today, so I did a mid-year update. + +It looks at the results of different withdrawal rates under 2 scenarios, 100% inceated in SP500, and a 60/40 split SP500/10-YR-Treasuries. It adjusts for inflation, assumes dividends/interest are reinvested, and uses a fixed withdrawal rate (like with the 4% SWR rule). + +&#x200B; + +[Chart](https://imgur.com/a/PnWokdn): For 2000, and the years just before and after, shows how much of their portfolio would remain on Sept 1, 2022 for various withdrawal rates. + +[Graph](https://imgur.com/a/lePTkRP): For people who retired January 1, 2000, it shows how their portfolio value would change over time for various withdrawal rates. + +&#x200B; + +**Edit**: since commenters are discussing the impact of when you are most likely to retire (during a peak or a pull-back), I wanted to like Big ERN's good article on that: [https://earlyretirementnow.com/2017/12/13/the-ultimate-guide-to-safe-withdrawal-rates-part-22-endogenous-retirement-timing/](https://earlyretirementnow.com/2017/12/13/the-ultimate-guide-to-safe-withdrawal-rates-part-22-endogenous-retirement-timing/) + +&#x200B; + +**Source** + +ERN's data that I used: [https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) . You can use this to look at different asset allocations and to adjust other assumptions. If you don't want to work with the raw data directly, he has some tools in the spreadsheet that will do the analysis for you when you adjust assumptions. + +Here is the extra sheet I added to ERN's workbook, in case you want to play around with it: [https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JcSRDrGv9YxQmR8E8dAmLELRgtqiCFtw8lcdSRUyAVc/edit?usp=sharing) +In April I started trading the 0DTE Breakeven Iron Condor strategy. This has so far been my profitable strategy. + +Since a new year has started, I have summed up my results from this strategy after 112 trading days and 588 individual trades. + +Using an average buying power of up to 12.000 - 15.000 dollars I have made 9052 dollars on this strategy during these nine months. For me that is a fantastic return, at least compared to other strategies I have tried. It is also less stressful than other 0DTE strategies as you rarely experience days with big losses. + +Here is the essence of the strategy: + +I sell Iron Condors on SPX with the delta on the shorts between 5 and 15. The distance to the longs are from 15 to 30 points on SPX. I try to collect the same premium on both sides. + +Immediately afterward I enter stop losses for each side for just a little more than the total premium collected for the Iron Condor. Since usually only the stop loss on one side is hit, this means that the losses are kept at a minimum, hence the name "Breakeven". + +The tight stop loss of course leads to more losses. Of my 588 trades 59 % have been losers and 41 % have been winners. But since the average winner is 2,45 times larger than the average loser, the strategy has a positive expectancy. + +There are of course risks - the biggest being double stop losses. That happened in 3 % of my trades so far. Another risk, as with any 0DTE strategy, is bad stop loss fills. + +From my perspective, the most positive with the strategy is that losses are kept so small. But to achieve this, stop losses are an absolute must. + +If you are interested in learning more, I have done a detailed write-up of how I trade 0DTE Breakeven Iron Condors on my web page. + +[https://www.sandvand.net/2022/01/02/0dte-breakeven-iron-condor/](https://www.sandvand.net/2022/01/02/0dte-breakeven-iron-condor/) +since it's tax filing season I just wanted to start a thread to *crowdsource* common ITR filing mistakes especially for those folks who do it entirely on their own. + +**Note I am NOT a CA.** + +some mistakes I am aware of and these pertain to ITR 2 + +- **not accounting for the usual deductions under VI-A including 80C.** if you've not given investment and other deduction proofs to your employer, it means they have done TDS assuming you don't have any investments, so you gotta take care of adding them yourself and thus ending pay less tax legitimately +- **not making sure TDS is properly applied.** If you go to the TDS section on the filing software at _22C TDS2_ which has TDS records from bank FDs you have to claim how much you plan to "CLAIM" as a deduction. If you don't fill it, it will assume 0 and not account for that TDS. Look for the field `claimed in own hands` +- **not double checking prefilled data with 26AS** just download 26AS and compare the TDS values against what is auto filled by the software. some people occasionally notice a discrepancy. +- if you make a self assessment tax payment after you do a prefill on the software, please add that item yourself at `22A - IT. Details of payments of Advance Tax and Self-Assessment Tax` so the software accounts for it. +- **not reporting under schedule FA** if you buy stocks directly in foreign markets or if you work for a foreign company you might have received stock grants. This must be declared in schedule FA. if you were an NRI and came back and are now a resident here, then also you gotta declare all foreign assets you continue to hold abroad. +- **not reporting dividends**: it's extra income after all and must be declared in "other sources". note that if it is domestic dividend, it has been exempt until end of FY 2020 [but won't be thereafter](https://news.cleartax.in/taxation-of-dividend-income-received-on-or-after-1-april-2020-fy-2020-21/). +- **showing capital gains in the wrong places:** equity and liquid funds need to be declared in different places. domestic equity where STT has been paid gets declared at `From sale of equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT` and debt / liquid / foreign stocks go to `From sale of assets other than at A1 or A2 or A3 or A4 above`. +- this year, the deadline has been extended to Nov 30. but your pending liability after March 31 was more than 1L then you should've paid that by July 31 itself. if you didn't [you're liable to 234A](https://economictimes.indiatimes.com/wealth/tax/self-assessment-tax-liability-for-fy19-20-over-rs-1-lakh-pay-by-july-31-to-avoid-penal-interest/articleshow/76730357.cms). +- please be aware that there are [surcharge tax brackets](https://cleartax.in/s/marginal-relief-surcharge) if you end up earning a lot unexpected through capital gains or stock appreciation + +please pitch in and correct me if I'm wrong! +[neha0103](http://mmb.moneycontrol.com/neha0103-user-profile-6134616d726974617665726d.html): There are no interviews about her on the internet, not a single social media profile which seems to correspond to her profile. Claims to make 15000 - 20000 bucks every trading session. She will always give her buy price at the bottom most level possible at that time, and sell price at highest price possible. Which begs the question, how did she manage to gauge and buy at the lowest level possible? + +[Arvind151](http://mmb.moneycontrol.com/arvind151-user-profile-617276696e64313531.html): Has social media presence, albeit uses the same profile picture everywhere. No credible news source has interviewed him. Deceives people in the name of his "money rain" concept. It seems to me that he makes a lot of comments on every stock possible and reposts the ones that turned out to be successful. + +[DebtFree](http://mmb.moneycontrol.com/debtfree-user-profile-696e766573746f727370.html): Same strategy as arvind bajaj, although for trading as well. Comments a lot, and reposts the one that were successful. + + + +Why am I posting this? Because it seems that any gullible person can fall for their get rich quick schemes and lose out their hard earned money in process. I have always wondered that if they're very successful, why aren't they known more commonly amongst the investor community? Clearly all of them are fake, and more people should be aware about it. +Well, I have been reading quite a lot about INVITs and REITs and own some units in the Indigrid Invit but I just needed to understand somethings. So as of current price levels, the Indigrid(having a network of transmission lines and serving state government electricity boards), sponsored by Sterlite Power and KKR, is trading at around Rs. 90 with having guaranteed cash flows for around next 35 years and having a Distribution per Unit(DPU) of around 12/unit which roughly means around 13-14% yield. + +On the other hand, there is a REIT like Embassy Office Parks REIT, sponsored by Embassy and Blackstone and has multiple office parks in Bangalore and Pune, which is trading at 370/unit with a payout of 25/unit which translates to average 5-7% yield. + +I know these are two very different asset classes but personally I see a higher risk existing in the real estate sector in the near term as well as long term. Plus average age of revenue contracts of the INVIT is much longer(35 years in comparison to 7 years of REIT). So what gives? Why such disparity in the market? + +I am sorry if I come out as ignorant of certain issues but I really want to understand this. +As the title reads, what are your suggestions for an ETF that holds shares in Canadian banks and financial institutions? Why would help. I’m cleaning up my holdings and will obviously look into the suggestions a bit myself. Thank you in advance. +Looking to rent it out to bushcraft, green wood types, forest schools, tree nursery and will camp for 28 days a year on it. Will try and get some govt funding for planting trees, regenerative, carbon storage etc. + +Land also seems a good hedge against inflation, I'd like to do my bit for my local environment and economy and I don't want to be holding cash right now + +Why am I an idiot? +Maybe useful for some. I decided to cancel NowTV subscription and after going through about 6 pages of "are you sure you want to miss out on THESE GREAT SHOWS", the final page said "how about an offer just for you" and they offered my entertainment package for £3.99 a month for 6 months, Vs the current £9.99 a month I've been paying. + +You win this time NowTV, I'll take it. +I’m the absolute worst when it comes to finances especially due to always living day to day on cash tips as a server, so I’m trying to see if there’s any type of apps that can help me with my savings by making it harder to access when my impulsiveness hits me. I was using DIGIT app thinking that would work but every time I would get money up in my savings goal, they would refund it right back without my consent or knowledge whenever my regular bank account would get low which I don’t want! Any advice would be helpful +Interesting video on the logical fallacies that can lead to dumb financial decisions: +https://youtu.be/n1b7piSmmME + +I thought the concept of the "endowment effect" was useful -- the tendency for us to assign more value to the things we already own/paid for, then the things we could own. Or the sunk cost fallacy i.e. when you rent a terrible movie but feel compelled to finish watching it because you already plunked down $5 for it. +I have been lurking on wallstreetbets, GME, and here on Superstonk for a while. Just wanted to encourage everyone that there are probably a ton like me out there who are just watching, and who still have buying power and will buy GME. I've been happy with my current positions, up until now. Going to buy more while I can. I've tuned out the noise, sticking to DD and most importantly, holding. + +Edit: Order filled in premarket. XX Shares. Honestly, I like the stock. + +Edit 2: Thanks to everyone for the awards and for you lurkers coming out and commenting! We are the firepower that no one expects! +I have been lurking on wallstreetbets, GME, and here on Superstonk for a while. Just wanted to encourage everyone that there are probably a ton like me out there who are just watching, and who still have buying power and will buy GME. I've been happy with my current positions, up until now. Going to buy more while I can. I've tuned out the noise, sticking to DD and most importantly, holding. + +Edit: Order filled in premarket. XX Shares. Honestly, I like the stock. + +Edit 2: Thanks to everyone for the awards and for you lurkers coming out and commenting! We are the firepower that no one expects! +http://www.businessinsider.com/vanguards-john-bogle-on-saving-us-retirement-401k-2017-1 + +OK, so I kind of get where he's coming from on this, but I'm not sure I could get behind forced contributions to a retirement plan. I'm Canadian and we have the national Canadian Pension Plan with forced contributions. Luckily the maximum contribution is only something like $2400/year so it doesn't make much of a difference but I still feel like I would just rather have that money and invest it myself. + +If you'll forgive the use of metaphor, I liken it to holding back the whole classroom to the pace of the slowest student. I think it's fair to consider the population of a subreddit such as this as 'advanced' in personal financial matters and qualified enough to do better by making their own decisions than what the government says. + +I know we have a good number of people who choose to pursue investments in rental properties and forced contributions could slow that method down. Bogle's anecdote about 15% being deducted automatically is a pretty large chunk of change. + +If it's a relatively small amount then I think it would be okay since I do have to admit that 60% of americans having no retirement savings in tax shelters is pretty concerning. It's just that this could have a real impact on someone's FIRE goals. +I raised my hand and respectfully told that bitch to stick to grading papers. I proudly announced to the class that my fellow autists in r/wallstreetbets told me that I could double my student loans by sitting on SPY puts over the weekend. And that’s exactly what I did. Can’t wait to strut into class on Monday with my cock in my hand, and tendies in my pockets. Imagine getting a Master’s degree to get fucking toasted by some autist who learned what options were last week LOL. +(Edited to add: THANK YOU ALL SO MUCH! These replies are life changing. Ive read everyone and I’m taking notes on what you’re saying. THis post alone makes reddit worth it to me.) + +OK this is a silly question, and I’m not sure ill get much input but its still worth a try. You all are so nice most times after all. + +Background: + +I’m single guy, mid 40s and I live about 30 min north of a medium sized midwestern US city. I own a large (3k sq foot) house I bought 18 months ago when I relocated for this current job. The house is in a very suburban, family-oriented town. Its very quiet here, and boring. As a single dude, its not awesome (even before Covid) but it IS one of the hottest real estate markets in the state. + +Ive recently been promoted to a more executive position at a very good salary with the best perk of being 100% remote and able to live wherever I want. + +Scenario: + +In the 18 months Ive lived here, Ive learned a lot about me and living here: + +\#1- A single guy with no kids has zero to do here. I’m pretty unhappy with it. My quality life isn’t BAD per se, its just .... empty. + +\#2- This house is too darn big to take care of. In warmer times of the year, my weekends are literally 100% chores to maintain the house. It never ends. + +\#-3 I love home owning, but don’t need 4 bedrooms/3 floors etc. I can easily afford the mortgage here though. + +Being that the market is really extra hot now, I THINK I could sell it and at least break even if not make a little. There’s a high chance that it would sell the day I list it. There’s also a chance I could take a loss after you add in realtor fees. I’m NOT savvy with FSBO. + +Maybe rent an apartment, maybe buy a townhome, maybe move to another part of the US and get an apartment/buy something. As soon as I start thinking about the above though I start to fear that this is a really BAD financial move and I don’t know why. Downsizing is something people do at retirement not in their 40s. So, my question is that Ive made a mistake buying what I did, where I did. With the above info, what would you do? + +&#x200B; + +&#x200B; + +EDITED TO ADD: + +\- This is so poignant now because I JUST got the promotion that came with the remote work option. I asked for it during the promotion conversation and they said "of course". I never thought it was possible. + +\- Renting out is probably not an option as the rental market for the cost wouldn't be there. Ive done it before as well, and Ive found Im not cut out for the stress of being a landlord (even with prop managers). +I just received notice by my company’s life insurance company that am I am no longer eligible for the group LTD coverage. They had the reason as “employment terminated or membership in an eligible class terminated” the also had the date employment terminated as “12/31/2022” +I’m a 23 year old student and just finished an 8-month internship. I made about $25k during the internship and for the first time will have to pay taxes on my income. My main goal with investing has been working towards maxing out my TFSA. However, some people have recommended that I should also begin contributing to an RRSP. I realize that I could deduct those contributions from my personal income this year (but could also use them later on). Should I start contributing to an RRSP as well or first max out my TFSA? +https://www.globenewswire.com/news-release/2021/01/04/2152543/0/en/Brookfield-Asset-Management-and-Institutional-Partners-Propose-to-Acquire-100-of-the-Units-of-Brookfield-Property-Partners-Not-Owned-by-Brookfield-for-5-9-Billion.html#.X_MMN-6r7_0.twitter +There’s a well known and [easy to poke fun at](https://target.scene7.com/is/image/Target/GUEST_cb052fde-c7c2-4d1f-8d2a-593e1165ae20?fmt=webp&wid=1400&qlt=80) tendency among FI folks – especially the ones feeling the initial excitement of discovering the possibility of FI – to view everything through a lens of financial efficiency vs comfort, with a heavy bias towards financial efficiency. There’s really nothing wrong with this, and it still basically describes me. + +But, as I’m beginning to emerge from the Boring Middle period of FI saving, I’m starting to really engage with the extreme degree of freedom I’ll be staring at. And the more I think about it, the more it seems this freedom deserves the same degree of obsession I put into FI back in 2012 when I discovered the concept. + +I've been trying to figure out how to approach this mindfully, rather than using my freedom to fall ass backwards into whatever I feel like. + +So, below I've written some framing exercises I'm trying to use to replace the outsize influence of a simplistic saving vs spending model in my life. + +Of course, I'm not saying these are the only frames that can inform life choices, but they're the ones that I'm really starting to try to rely on as I plan for what post-FI life will look like. + +**Simplicity vs complexity** + +[=======|40%|==========] + +Obviously the minimalists have a lot to say on this subject, and there are a lot of them in the FI community. And there are plenty of maximalists driving down the highway towing a trailer of jet skis and a chore list of truck, trailer, and jetski maintenance tasks. FI oriented folks tend to lean more towards simplicity, but it's worth engaging with this deliberately. Some complicated things are worth the trouble. + +**Comfort vs adversity** + +[========|50%|========] + +At first glance, this seems like a no-brainer. Why would anyone voluntarily add adversity to their lives when they could have comfort? Well, when I think about the standout experiences of my life, they were hard. Sometimes, really hard. Working with an election team in a shitty strip mall office with not enough money and no sleep. Extremely competitive athletic training. For some people, parenthood. Don't necessarily trust your knee jerk desire to eliminate all discomfort just because you can. + + +**Individual freedom vs Obligation** + +[============|60%|=======] + +This is [touchy](https://www.reddit.com/r/financialindependence/comments/hrq13b/the_ennui_of_wealth_vs_the_power_of_obligations/) subject! I’ve read the [libertarian takes]( https://www.amazon.com/How-Found-Freedom-Unfree-World/dp/0965603679) on this concept (which are worth reading), and I’ve read [other takes]( https://www.amazon.com/Theory-Justice-John-Rawls/dp/0674000781). Anyway, leaving aside what we actually owe to each other morally, which is something everyone probably alrady has an opinion on, there is the selfish utilitarian question of what choices will make you happiest. And, like focusing only on your own comfort, focusing only on yourself is probably more dangerous to your big picture wellbeing than you think it is. But the other extreme can be just as bad. + +**Consumption vs creation** + +[===============|70%|====] + +A lot of go-getters, myself included, will tell you that it's inherently more satisfying to spend your time and life energy on creating rather than consuming. MMM's carpentry comes to mind, and my own inability to sit still through a movie. But as you crank this dial up, you're usually also cranking up the complexity dial along with it, and you need to be aware you're doing it. Renovating a house is not a minimalist lifestyle choice, but it can still be the right one, even if you're a minimalist. But you need to be aware of how these things interact. +This is why we keep saying, don't get hung up on certain dates. + +Imagine we had access to the meeting room at Shitadel Securities, what we could do with all that intelligence? + +Well... we don't have access to that. + +Guess what, though? They have access to *this* "meeting room"- in fact everyone does. + +In a battle, the one with the most information has leverage. + +They know exactly where we place our highest expectations, and what dates, and the sentiments behind them. + +And if I were them, and my strategy was to slowly erode the faith in the reality of what's happening, this is the approach I would take to maximise the effectiveness of my limited (albeit vast) resources. + +There has been DD about long whales trying to cause Max Pain for Shitadel & Co. While this may be true, the counter-attack would be to create Max Disappointment for retail, don't you think? + +It's always been simple + +BUY & HOLD, right? +**sorry for the re-post, spelled solana wrong in the title and people couldn't get past that.** + +So there was so much hype around EOS how it did a bazillion TPS and was gonna overthrow ETH and all that. Now its a ghost chain and the company that started it has like 200k in BTC and prolly that much in ETH. Solana is hyped so much, but really the reason why it can do so many TPS and what not is because it takes a fucking supercomputer to run a node, and the project is centralized. Please read this blog about what it takes to run a solona node: [https://blog.lopp.net/2021-altcoin-node-sync-tests/](https://blog.lopp.net/2021-altcoin-node-sync-tests/) Some takeaways from the post: + +>it takes a computer with AT LEAST 128gb of RAM to run a node (they recommend 256gb of RAM, not disk space, RAM) +> +>you have to get data from trusted validators, and All four --trusted-validators are operated by Solana (like you can't do what you need to do to verify, you have to trust) +> +>Solana is most likely running those trusted validators on google cloud + +Do your own research on this new coin. **For me, if the average person can't run a node, its not decentralized.** + +EDIT: I shopped around and if you want to get a computer to run a solana node, you will need to invest 5k to 10k USD. Here are the specs: Hardware Recommendations# + + CPU + 12 cores / 24 threads, or more + 2.8GHz, or faster + AVX2 instruction support (to use official release binaries, self-compile otherwise) + Support for AVX512f and/or SHA-NI instructions is helpful + The AMD Threadripper Zen3 series is popular with the validator community + RAM + 128GB, or more + Motherboard with 256GB capacity suggested + Disk + PCIe Gen3 x4 NVME SSD, or better + Accounts: 500GB, or larger. High TBW (Total Bytes Written) + Ledger: 1TB or larger. High TBW suggested + OS: (Optional) 500GB, or larger. SATA OK + The OS may be installed on the ledger disk, though testing has shown better performance with the ledger on its own disk + Accounts and ledger can be stored on the same disk, however due to high IOPS, this is not recommended + The Samsung 970 and 980 Pro series SSDs are popular with the validator community + GPUs + Not strictly necessary at this time + Motherboard and power supply speced to add one or more high-end GPUs in the future suggested + +A good article on EOS not even being a blockchain: [https://www.blockchain-council.org/blockchain/is-eos-a-scam-and-not-a-blockchain/](https://www.blockchain-council.org/blockchain/is-eos-a-scam-and-not-a-blockchain/) + +# EDIT 2: when compared to a rasberry Pi, solana nodes are super computers, sorry for the hyperbole +The plan was to do csp until some stocks reached my entry level. But yesterday I was assigned TSLA at 215. Now pretty much my entire portfolio is in tesla and my portfolio is down 5%. (I've 5k cash but I'll buy msft/apple shares with those). Here are my possible plans going forward. I just want to hear which option you think is the best. + +1) sell covered call on tsla, (I am worried though because tesla will probably go down to 150 or maybe even lower based on the Twitter thing and technical analysis). + +2)sell tsla on Monday (limit my loss to 5%). + +3) sell after tsla earnings ( because I think they will beat earnings, but if they miss, then.....) +I've taken a fair amount of time to focus on understanding which companies I'd like to invest in for dividend investing, but I'm not sure I fully understand DCA (my overall experience with stocks is only in my 401k). I learn from "doing", so to start this plan, I opened a brokerage account and bought a single share of the dividend stocks I'm interested in (~$300 overall). Here's the example I have: + +Based on my budget/income/retirement/cash savings etc, I've determined that I'd like to use $300 to DCA specifially for dividend stocks. This month, the combined price of the same stocks (some increasing and some decreasing in value) overall increased to $319. So my $300 is no good because I can't buy fractions of stocks, so I'm not really DCA'ing, since I'd need $319 to buy the same stocks, and same quantity, of stocks. + +Tl;dr: the same quantity of the same stocks are higher this month than last, so my $300 won't cover the $319 to buy them. Duh. So I can't actually DCA the same dollar amount, right? Can someone pinpoint the flaw in this example? Am I being naive to how to actually DCA? + +Hopefully I do not have to re-evaluate my whole strategy since I didn't think the DCA through well enough from the get go. Any advice is appreciated. + +Edit 1: minor typos + +Edit 2: answer: to truly DCA $300 per month, I need fractional shares by using a brokerage which offers that, to buy the same dollar amount each month. But, a lot of alternatives provided in the thread below would work pretty similarly by taking advantage of buying the same amount of shares regardless of the price, because this month's high could be next month low. +There have been a few recent posts on the question of retiring now vs later. In one of those posts \[[Disillusioned by the Slow Grind](https://www.reddit.com/r/fatFIRE/comments/enufz3/disillusioned_by_the_slow_grind/)\] OP has a $600k NW and projects a $400k+ gross income (with a frugal spend) in the next year. Compare that to \[[Getting to fatfire or hopping off early](https://www.reddit.com/r/fatFIRE/comments/eoqkic/grinding_to_fatfire_or_hopping_off_early_for/)\] where OP talks about grinding at $250k gross and people relating to him in the comments section seem very content retiring on $3M-$5M NW in that situation. + +My first question to the community is: **what criteria should you use to decide when you are ‘done’?** + +A few options I can think of: + +1. FI happens before RE. Continually adjust work life balance after FI. RE when you feel like it, probably overly-FI. + +2. FIRE When your SWR matches your current spend (and you have a comfortable spend, not a leanFIRE spend!). It’s all about reaching ‘the number’. + +3. RE once you have both passed ‘the number’ and exhausted opportunities to noticeably increase ‘the number’ without sacrificing work life balance. + +The ‘Hopping off early’ comments seemed to track option #1 (If you’re happy at work, just keep working! There is no need to RE without something to RE into, like a hobby, even if you don’t need the money). The ‘Slow Grind’ OP seemed to get a lot of advice to follow #2 (Just put in a few years at the high paying job then you can be free with a reasonable SWR!). + +Personally, I feel more like #3 is appropriate for me: I like my job well enough, but after winning the startup lottery and mostly vesting I would rather spend my time chasing passions than committing to 48 weeks a year at the same desk, no matter how fun. I have the income of #1 with the NW of #2. Those in camp #1 would tell me to find a new employable passion to crank up the earnings again, and hopefully improve my work life balance while growing my NW, but those in camp #2 would tell me that I’ve passed my number and to ‘GFY’! + +Mathematically I would describe the situation by the metric “What is the percent increase in my retirement spending as a result of one more year of work?”. This chart describes the way I am approaching the problem: + +&#x200B; + +|Option|Net Worth|Yearly Savings|Retirement Spending (3%)|Change in Retirement Spending|Relative Spending Increase| +|:-|:-|:-|:-|:-|:-| +|\#1|$600k|$200k|$18k|$6k|33%| +|\#2|$4M|$200k|$120k|$3k|2.5%| +|\#3|$4M|$200k|$120k|$6k|5.0%| + +Option #1 guy should obviously keep working the high paying job with a bonkers 33% retirement spending increase per year of work! Option #2 guy should obviously ignore the value of his paycheck with the measly 2.5% increase and just do whatever makes him happy. At 5% ($6k) I am wondering whether a year of my life in my 30s chasing passions is worth an extra $6k/year indefinitely. The answer is probably yes, but I don’t know where to draw the line (4%? 3%?) + +My second question to the community is: **for any of you who have passed your ‘FI number’ but still work, do you have a ‘relative increase’ number or some other income-based metric in mind to determine when to RE?** +**$GME wont be available for the Short\_wanksters anymore** + +[https://www.nyse.com/markets/nyse-arca/notices](https://www.nyse.com/markets/nyse-arca/notices) + +Short sale restrictions > Map with 2021 in the name > 202102 > in the excel sheet +I am new to this SR. Apologies if this is not the right place. + +I am retired and have a substantial amount of money that I want to invest in Mutual funds. I have never invested in anything before except in FDs and some stupid endowment/ insurance plans without knowing anything about it. + + I have been educating myself now. Reading online and books. +So far I have read: +The intelligent investor (couldn't get past the first chapter and I am not into value investing and stock picking) + +How to Avoid Loss and Earn Consistently in the Stock Market: An Easy-To-Understand and Practical Guide for Every Investor (good) + + +Let's talk money ( very good) + +Mutual funds for dummies( good but applies more to the US market) + +108 Questions & Answers on Mutual Funds & SIP (lot of info but it is more like a school science guide) + +Bought but haven't read yet: + + +How to manage your retirement Corpus : A complete after retirement guide + + +Mutual Fund YearBook 2020-21 : A Complete Guide on Mutual Fund Investment + +Could anyone suggest a good book/books or websites/blogs YT channels on mutual funds in Indian market that is not too much technical more like "mutual funds for dummies" with practical advice. I don't mind if it is not beginner level either. I have a basic understanding now. + + +Searched on Reddit didn't get any results. Wiki gives only western authors. +Thanks +I originally posted this as a reply, Then I figured to make a post out of it, I'm not sure if it's in violation of guidelines, If it is so, please take it down.. + +So to the point, this post is just an illustration comparing outright purchases vs interest free credit purchases and deferring the difference to some small low risk investment, when you the money to do either. + +A lot of companies offer No cost EMI's, they are touted as products hoping to change consumer buying habits, to exhibit how easy EMI's are, now you don't have to settle for anything else other than your "dream" and everybody is 'special'. Basically it is just conditioning for people who are very debt averse, trying to teach them that not all debt is bad, and hopefully get them into the buy impulsively crowd. Basically take the discipline out of financial disciplines + +All that aside, interest free credit should always be pounced upon. If I've made any mistakes or wrong assumptions please do point them out, because I think all of this to be gospel + +For a small example, buying a galaxy S8 outright for will cost you 45,990 at flipkart, Check their EMI tab, and you have [no cost emi's](https://imgur.com/a/HvtTO8h) offered by atleast 10 institutions, for instance a nine month EMI of 5,110 per month comes to 45,990, no other costs + +In this scenario, I would opt for the EMI option, even if I had the 46,000, and put it in a Debt fund, current rates are 7.5%. So I guess by doing this, [Detailed Calculations](https://imgur.com/a/HvtTO8h), I manage to + +1. Get a 2.5% off on total purchase +2. Maybe get a better CIBIL score because I've had debts which I've cleared promptly? +3. Accumulate some reward points +4. Even if I don't put the money into a fund, it takes away the burden of paying 46k at one shot, making easy monthly payments without any extra charge + +This is indeed laughable to go to all these steps for what may seem like little savings, but it has to be discussed. + +EDIT: I've never bought anything using a no cost emi, just thought this seemed very good to be true, Thank you everyone for your inputs. I did not know loans had GST, and apparently getting zero processing fees is also quite rare, So I guess this is of no use + +**SALESFORCE CRUSHES EARNINGS AND ACQUIRES SLACK, NIKOLA STOCK CONTINUES TO TUMBLE AS WE FINALLY GET THE FIRST VACCINE APPROVAL IN THE UK, LET’S DISCUSS THIS AND MORE ABOUT THE STOCK MARKET** + +Hey everyone! So, let’s start with the recap of yesterday as we saw the [NASDAQ COMPOSITE](https://ibb.co/PzNKCYh) leading the way up almost 1,3%, finishing at a new record high, the [SP500](https://ibb.co/syB7wP4) also up over 1,1% and finishing at a new record high, while the [DOW](https://ibb.co/HggpWGF) had smaller gains but was still up to intraday records before finishing over +0,6% for the day. The [VIX](https://ibb.co/SDCq7vf) rose for the day after opening at 20,2 and as you can see in this [HEAT MAP](https://ibb.co/0n1TDKt) big gains were led by the FAANG stocks with Apple, Alphabet, Facebook and Netflix gaining over 2% for the day while Amazon and Microsoft also were up at least 1%. This pulled the big indexes higher as they account for a big part of them. + +Over 60% of companies were advancing on average volume while companies moving above important moving averages continued to climb as we are going into a very risky market, as to many companies are trading high at the moment and are due for a correction. [CHART](https://ibb.co/DfgJ12R) + +The biggest gaining [SECTORS](https://ibb.co/T8NPW6W) yesterday were Communications, Financials and Technology with most sectors being in the green, except industrial, as the laggards from yesterday were small cap growth companies and especially those from CHINA, like NIO, Alibaba and others, that have suffered from the recent news that the US is looking to delist some of them if they do not meet new standards. [CHART](https://ibb.co/gmpRVWW) + +Here are the most interesting economic events and data for [TODAY](https://ibb.co/cyp7x5W), as we will see how Mortgage Applications and ADP Jobs are going. Afterwards a couple of FED leaders will speak before we can take a look at how the Petroleum Inventories are going. + +While [GREAT NEWS](https://ibb.co/1d6y1yh) started to pop in the early morning as the UK has become the first country to authorize the Pfizer vaccine for use. + +This news are already baked in the market in my opinion as investors were already expecting this to happen sooner rather than later, but this are still very good news to hear, as a confirmation is still great to have, rather than just expectations. I expect the US will soon follow in the next 10-14 days to approve both the Pfizer and Moderna vaccine, that might just have a bigger impact on the stock market, but I would be careful until then, as we might get a correction in the stock market after this huge rally before we can move on even higher, as I fully expect this bull market to continue into 2021 and 2022. + +Well yesterday, as I expected Nikola [tumbled again](https://ibb.co/2hzPCJL) after the insider lockup period expired, as only the possibility of Milton selling his shares has spooked the market after an already bad day with the GM deal disappointing investors. As the original deal is null and void with GM not taking any stake in Nikola or helping with the engineering or manufacturing of the Badger pickup truck. The only good thing in sight for the company is the possible hydrogen fueling station network partnership by year end as announced by the management. I maintain my sell opinion on this stock as I predicted a 15-16$ in the future when the stock was trading over 20, I think it has more room to go down, it might go to single digits in the long run, as the company has become very shady after the fiasco with the misleading tactics and no breaking new fuel cell technology. + +On the other hand, Salesforce crushed [earnings](https://ibb.co/XCzz5Mz) expectations, as they beat the EPS by almost 1$ and had a revenue beat of over 160 million$. They also raised [guidance](https://ibb.co/JRf2G3j) for both revenue and EPS for next year way above the consensus while also maintaining cash and equivalents at over $9B, up 45% for the year. + +The company also officially [announced](https://ibb.co/whYVfzC) the acquiring of Slack in a deal worth almost $28B. This will result in the Slack software being incorporated in every aspect of Salesforce cloud offering. This 2 will be the biggest competitors yet for Microsoft. So, I believe after the dust settles, and CRM stock finally gets back on track, we will have a good long term growth opportunity with Salesforce. + +Slack also reported earnings yesterday after the bell as the company [posted](https://ibb.co/N6Qnw7M) a beat of estimates and an increase in paid customers and billings. + +We also got some [numbers](https://ibb.co/6rNGCnZ) from Cyber Monday sales as the spending increase over 15% but, this was not enough to meet all the estimates as holiday shopping has been probably spread through the whole month of November and will continue to go strong in December in my opinion. + +While on the economic front news were not so great as the [November ISM](https://ibb.co/3yM4Hwc) index fell shy of expectations with light vehicles [sales](https://ibb.co/PG09TRf) dropping by almost 1 million from last month and are way below the year ago period. + +But we did see some big improvements in [construction spending](https://ibb.co/cc5z2wq), as the numbers came in about half a % better than consensus and are up 3,7% year over year while the [November PMI](https://ibb.co/6JzRnJ1) index saw the biggest improvement in over 6 years. + +The biggest earnings that will be released today will be from [CrowdStrike](https://ibb.co/RvSk8SJ) and [Okta](https://ibb.co/RDrYy8K), as I expect both of them to turn out a positive EPS, as we might see some momentum in this stocks if they don’t disappoint. + +I greatly expect the [IPO](https://ibb.co/pKzxhmK) of AirBNB, as this could become a company that will benefit a lot from the reopening of the world in the next year or two. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +This is a question that I've struggled with lately because I've always been of the mindset that I need to invest as much as possible. + +A little background - I'm 33 and for the first time in my life am finally making good money after building my YouTube business for the past few years. + +I'm bringing in 20k net (pre tax) in a bad month and my income has more or less doubled each year. I live in Mexico so the cost of living is low and I can live a great life on a reasonably-small budget. + +Up until about 6 months ago, I was trying to keep my living expenses as low as possible and spend almost nothing on entertainment. That way, I'd be able to invest the maximum each month. + +However, after doing a lot of reading and some soul searching, I've had the realization that I should probably start spending less frugally and use some if it to enjoy life a bit more in the moment. + +If I wanted to invest the absolute maximum, I could live frugally but comfortably on 5% of my income. + +These days I spend about 20% of income and am investing the rest. What would you do? +Norwegian fjord-ape here! + +My broker is DNB and I requested a control number about a week ago. + +Sent a follow-up mail and asked when I might expect to get my control number, apparently, there is an extreme amount of requests for this. + +DNB uses Citibank as their depo bank for US-shares, and I assume Citibank holds shares for many international brokers, so looks like the vote requests are rolling in from around the globe. + +Who's jacked for the voting results? I know I am!🚀🚀🚀 + +Edit: This post got some traction and I'm getting a lot of questions about how to contact DNB to get the control number: You can send an email to [Corp.Acts@dnb.no](mailto:Corp.Acts@dnb.no) , but there is a fee of 2000NOK/200€.How you choose to spend your money is up to you, but if you aren't holding that many shares, I personally think it's wiser to buy more shares rather than spend it on a bullshit fee to vote.I also want to direct you to this great [post](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/) that addresses voting on many of the non-US banks and brokerages. + + +Edit2: Ape [u/Oakhouse96](https://www.reddit.com/user/Oakhouse96/) has created r/Sluttspill, where Scandinapians (and anyone else interested ofc, but languages will mostly be Danish, Swedish and Norwegian) can discuss GME without cluttering up other subreddits with tons of local stuff. + + + + + +https://preview.redd.it/m1h7su0zo9z61.jpg?width=408&format=pjpg&auto=webp&s=4ed70ffc0bbd105f07d58b7b55460d9e3ccd6f80 +Title. I got into crypto fairly recently, in March 2021. Having not experienced a bear market ever before, I’m really keen to hear what the transition was like and to learn about some of the lessons that it taught you. + +Here’s my take on it as a newbie: there’s a huge run up, BTC peaks, a month later, Alts peak, and then the market dips 70% and we go into a bear. + +I’d also like to know how did you handle your investments? Did you just go into stable coins, or did you get some BTC too? What would you recommend as far as selling your holdings? + +I think me along with a lot of new people in the space would really benefit from this advice. Thanks! +**one more edit, ffs please downvote this it's almost completely resolved** + +. + +. + +. + +. + +. + +FINAL EDIT - god bless us, every one, the post is back! you, street urchin, go buy the biggest share purchase at the stock store! MERRY CHRISTMAS TO ALL......Note, I'd still like an explanation of why it was removed, and whether the mod who did so will b reeducated or whatever. Anyway feel free to downvote, as i have, so we can get some new shit to the top + + +EDIT: I've sold my car, my guitars for GAMESTOP. I've gone into CC debt, work overtime and scooter to my shitty night job in the dead of fucking winter, I've given EVERYTHING for the stock, and I will, even unto the end + +MASSIVELY upvoted post, VIBRANT comments section, multiple co-authored DD collab deleted in middle of the night on a technicality. + +In spite of the age of my acct i've been on reddit since the night before mavi marmara incident. I've seen a lot of shit. + +Whoever removed /u/gherkinit 's post, a COLLABORATIVE effort using multiple researchers, is compromised intellectually. + +They are either an agent, a paid redditor, or they are incompetent and their discretion should no longer be relied upon for the sake of holders of GME. + +Please release to us the name of the moderator who removed this post, and who was involved in this decision. + +I do not wish to "flame" the moderator who took this action. Rather, I seek to see and expose how compromised this subreddit has become, and what actions the remaining mods are willing to take to rectify an obvious bit of injustice. + +The destruction of credible due diligence on the basis of at best a paltry technicality is a deliberate or foolish act of sabotage to the sub. + +this was credible dd deliberately deleted when there was zero need to do so. + +If the response to this from moderators is "the rules is the rules" then i say; + +We are NOT a corporation. We are NOT a sacrosanct religious order. the mods CAN and SHOULD make exceptions when a post is at the top of the damned subreddit. the rules exist supposedly to ENHANCE the quality of the sub, not to enforce them in such a way that ELIMINATES a quality discussion... + +Line. in. the. sand. UNDELETE THE POST or come up with some intellectually reasonable reason not to that's not a fucking technicality. + +buy hodl. and fuck whatever mod did this. + +It is crucial for there to be transparency here. +Just keen to hear your thoughts on the federal election outcome tonight. Yes it's an early call but it looks like it's going to be the official outcome in the days to come. +https://www.cnbc.com/2020/04/16/early-retiree-how-the-covid-19-pandemic-will-change-the-fire-movement.html + +-- + +This seems to be on a lot of people's minds these days in this community. I have heard and read a lot recently that if your portfolio cannot handle a 30 percent drop, you are not ready to RE. Is this 30 percent being thrown around for any specific reason other than it is close to what just happened in the markets? Before COVID-19, rarely if ever was the FIRE community posting these recommendations. This for me is a great prep/case study time period to ensure when I pull the RE trigger, I definitely have a cushion. + +Main question: Why 30 percent cushion, why not 50 or 15? Is there any data around this or just a nice sounding padded number (30)? +Hey everyone, + +I'm almost a dad (my son's due date is Jan 9th 2023) and I wanted to have a plan in motion to start a few accounts for him as soon as possible. Other than a high yield savings account and a 529 College fund, what else can you recommend? +Thank you in advance +Most info I could find with the key words ‘co-signer’, ‘rental property’ ‘investment’ etc. only had to do with advice for; current owners regarding the risks of letting tenants co-sign or basic facts about risks involved with co-signing or seeking co-signing for non-investment purposes. The one piece I found on Motley -aimed at the person who would be the co-signer, rather than me- basically just said co-signing is always a bad idea to be avoided because it would be all risk and no reward. Their reasoning seems valid for %99 of people but I think I have a fairly unique situation/opportunity here. + +Basically I received a very large settlement from a motorcycle accident (i was hit by a car) that severely injured me, required 3 major surgeries and a year and a half later still limping slightly and having significant pain much of the time. I just moved to a new city and since receiving the first ~%50 or so of the settlement i’ve started investing mostly just in stocks and index funds so far, only been a few months but its looking healthy and I am learning and researching all sorts of investment and trading information and news literally all the time. I am single with no kids btw. + +I will soon have the second disbursement check for somewhere in the range of 150K and I currently have a bit under 100K that i could also draw from, but I’d rather stay on the more diverse range portfolio wise. So in my case I have plenty for a down payment of anywhere between %5-25 depending on the buy, as far as income I can see earning around $400 a week with the sort of job/hours I’ll get with the kind of qualifications/experience and physical tolerance I have. I do however have enough capital to earn another modest size chunk of regular income from gains via various other investment vehicles too, of course with the risk of that always changing. + +The Motley article basically stated that anytime someone needs a co-signer it simply indicates that person isn’t financially qualified to take on that kind of investment. Its true that my credit is probably not high enough to get enough of a loan, and thats without considering the lack of income/information. I have a credit score only in the high 670’s now but i just started using my first real credit card and I have no outstanding debt... the main factor keeping it down is simply lack of history. + +Does it seem unreasonable that I could hypothetically have my parents co-sign on a 3-4 room house if I am the one making the entire down payment, if all monthly expenses could eventually be covered by rent, and if any gaps or expenses above normal could realistically be covered by my assets if need be? Each room would go for around 7-8 hundred in the areas i’ve looked in (college towns) and I have a good amount of experience doing basic maintenance and renovations inside or out, and i am at the age where I could probably get along/deal with college age kids as tenants much more smoothly and naturally than someone much older. + +In return for doing this for me I would be willing to cut them in in various ways... maybe by give them any profits for a period of time? a percentage forever? some kind of entitlement to benefit from earned equity? profits made from eventually selling? Ideas? + +I plan to discuss this with them when I am home for Christmas in a few weeks, is there anything else i should keep in mind, consider offering or counter counter-points with? My mom was a professional accountant so she is very financially literate and together they are pretty well off in general, especially considering they will both also start taking on, and eventually inheriting pretty significant (over a million on each side of the family) amounts of money from their own parents. + +I’m also open to any other suggestions (crowdfunded properties? Continue working various markets? How to boost my chances of a favorable loan?) and/or advice about how to get into owning as soon as possible... I hate paying rent knowing all its doing is lining someone else’s pocket, considering the alternative. +I did a top posts of all time search looking for a few good pieces of PF advice. I figure I would start a conversation today regarding some PF essentials. Hopefully this thread will help lay a good foundation to start (or continue) our journey towards financial freedom. + +Things that I learned from this sub and have implemented: + +1. Spend less: Pretty obvious but you would be surprised how much spending we do when we are not conscious of spending money. + +2. Make a budget and stick to it: I count calories in order to lose weight on a weekly basis. I applied the same concept to spending money. I can only spend X amount on groceries, X amount at a coffee shop, X amount when I go out, etc. + +3. Get on a plan to pay off debt: Paying credit card debt can take some months, even years, but the more CC debt you pay down (and not add too) the more the debt will decrease. If you stick to a payment plan and are disciplined it is just a matter of time before your cards are paid off. Also, if you have school loan debt seek out forgiveness options. Thanks to this sub I was able to get on a 10-year plan to have my debt forgiven. + +4. Find a low-cost lifestyle: Nights out in the club and checking out the new movie releases every week can crush a budget. Some cheaper options for entertainment I’ve enjoyed include reading at the library (or coffee shop), writing on a blog (free on WordPress), playing fighting games (high cost of entry but once established it is “free” to play and improve), and not drinking alcohol. + +5. Get in shape: I feel it is easier to deal with being poor if you are shredded compared to if you are in bad health. Working out has really helped me with the day to day stress of dealing with denying myself in an effort to save more money. Also, make sure you are getting an adequate amount of sleep. If you suffer from insomnia or struggle to sleep look into remedies (meditation, consistent bed time, exercise, journaling). + +Any other pieces of wisdom will be appreciated! +Perhaps this post is coming a bit late and the bottom is already in, perhaps not, but regardless at some point there will be a bottom as the market continues on its inexorable ascendancy (to the moon etc) + +Ruminating over the last few years in crypto I thought I would give some thoughts on my personal experiences on two significant crypto bottoms - the 2018 bear market bottom and the late 2019 bottom. + +Missing from this is the March 2020 Covid bottom (I was up in the mountains on a work retreat with no internet - a saving grace I guess) and the dreadful 2014 bottom (I paper handed my crypto well before that point). + +**2018 - BTC falls to $3,100** + +The first thing I will say is this. What seems to be universally accepted as the bottom is often not, and when we actually bottom, the crowd all thinks we are going lower. And when I say "the crowd", I don't just mean retail buyers but all the professional traders, charters etc. There is even a Tone Vayes video out there where he says "the most likely scenario is a fall to $1,300". + +One observation here is that every man and his dog (or should I say Shibu Inu?) and buys set laddering down. Most people (including myself) had buys at $2,800, $2,400, $1,800 and $1,300. Much like $28,000 now, $2,800 was seen as a foregone conclusion (I currently have buys set down to $18k by the way). + +Another observation was that previously it had seemed almost accepted that $5,800 or so was the real bottom. Once that collapsed nearly 45% or so, suddenly everybody doubted themselves and assumed they were perpetually wrong. + +And yes there was a lot of depression and even embarassment. Oh how the media crowed in delight at the downfall of bitcoin. "Bitcoin is the worst performing currency except the Venezuelan Bolivar!" proclaimed our local paper (note how it IS a currency when they want it to be). I literally dreaded going to Christmas because my family (who are obsessed with property) would all be asking me how my bitcoins were going (my Mum literally calls them "bit corns" which is kind of funny). And of course my Uncle who is a multi-millionaire with a dozen properties laughed and said "well at least you bought a property so that was one sensible thing you did". (It was literally your nightmare scenario where there are 30 people on a giant table in a giant mansion, and I'm on the end, and all my cousins and aunties and sisters etc all swivel their heads immediately like lightning as quickly as possible to photographically memorize the image of my soul leaving my body). + +The other thought was how absolutely PAINFUL it was to buy crypto. Especially alt coins. There may as well have been acid entrenched nails embedded into the keyboard when I clicked buy. And when you look at the prices (check CMC historical snapshot around Dec 15 2018) just look at those bargain basement prices - literally life changing money right there. And god forbid actually telling anyone you were still buying. And now think back and imagine people had four months to buy bitcoin in the 3ks, BNB below $10, ADA for a couple of cents etc. + +And then at some point we entered a "boring phase" (a bit like now) when nobody seemed to really, every pump was assumed to be a fake out. Then suddenly, like a button was pushed (it was actually 5:15 pm, NZT on our April 2) the market jumped 22% in one hour - BTC went from $4,200 to $5,215 and that was the end of the bear market forever. + +Personally I DO feel like our recent bottoms (around $30k with a wickdown) is reminiscent of that period - in fact, divide the price by ten, look at the charts, and its actually fairly similar price action. + +So the lesson here is that the bottom is never seen as the bottom which I find interesting because on twitter there literally calls for 12k or even 3k! + +**2019 - Bitcoin falls to $6,500** + +So in 2019 the bear market finally ended and something incredible happened. Bitcoin went from $4k to $14k or so in just a couple of months. We all thought we were entering a hyper bull run, Facebook announced project libra and we were going straight to the moon. What we didn't know was that a Chinese scam called Plus Token was causing millions of people to fomo into buying up BTC, and that they would exit scam at the top and start dumping their tokens for six months (I really hope those two African guys that ran off with 3.6 billon of BTC don't do the same thing!) + +And then we dumped, and dumped, and keep perpetually dumping all the way down to 7k. Yes, another 50% fall! They do happen without a new bear market starting. My boss would say to me "How is bitcoin going? Oh its down that much? So that's a 50% drop isn't it? Good then back to work and don't waste your time on that crypto thing" (forgetting that I have dozens of crypto clients etc) + +We then had our rally relief when President Xi literally mentioned the word blockchain and it sent bitcoin up 42% in around 7 hours (I remember the top at $10,300 vividly as I had promised my wife I would attend an art exhibition on Danish furniture so instead of selling the top and taking profit I was looking at strange colored chairs). + +And then.... we dumped and dumped some more! So aside from the "xi pump" we had six months of perpetual dumping and then once $7k was lost the slide accelerated. Again, I vividly remember the exact bottom. I had crashed my car so had to take a taxi back home. I was browsing telegram at around the $6,500 bottom at the end of 2019, and one of my trader friends (who is fairly experienced and a bit of a whale) exclaimed "THERE IS NO BOTTOM". And sure enough, that was the exact bottom. + +The moment that psychologically you feel you MUST SELL RIGHT NOW. Just like at $65k, $20k, $1.3k and all other generational tops you feel like taking out a giant mortgage or selling the house to go all in (I sold my entire share portfolio to buy a Raydium / Solona farm when BTC was $52k so I can relate). + +So this bottom was quite different to 2018 as there was just six months of dumping instead of a single massive collapse in price (again, blame plus token here). But like now, we again had a "boring" period where we were stuck around $7k, people stopped checking the prices and started enjoying Christmas etc and all the mania and excitement was gone. + +&#x200B; + +So maybe one day I'll write this again and add 2021 to the list. Maybe I'll add 2023 or something as well. But there either has been a bottom or there will be at some point. Stick around and consider it another medal to add to your collection, or a story for the grandkids! While in late 2018 you felt ashamed to even mention bitcoin, now I like to talk about the great bear market like I'm some old war vet talking about my experiences of Operation Market Garden and the battle for Arnhem Bridge. + +&#x200B; + +EDIT: Perhaps I should add one more thing that may be useful with regard to the current market. For all of the bottoms (including the Covid Crash) I feel there are three distinct emotional states: + +1. Utter panic, mayhem, can't stop looking at the price - "should I sell?" etc etc. I had coffee with a OG the other day. He lost around USD $20M (needless to say his fingernails were somewhat chewn off). He still has a huge chunk so he is okay. +2. Sadness and depression "I really could have used that money.... well that was dumb.... I guess I have to work in my slave job another 5 years or so) +3. Boredom. "Ah crypto sucks, I'll just forget about it and start buying stocks. I'll leave my btc and see what happens". +4. (FINAL edit): Acceptance. "Hey guys, let me tell you about that time I lost a million dollars in a week from safemoon, its a hilarious story! Yeah I chucked my ledger nano away, I'm really glad I finally left crypto behind, by the way, did I tell you how much my ARK-G ETF shares are doing this week?" + +I feel like maybe we are starting to get to the third phase. Certainly I'm checking the prices a lot less and volumes are a bit down (and I dunno, maybe I have a bit of a sixth sense now after all these years. I even avoided buying Titan Finance at the last minutes, and bought and sold Safemoon at its top. And hey, BTC is up $1000 since this post at least!) +New book to be published Nov 5th by Gregory Zuckerman. + +There's a good excerpt in WSJ: https://www.wsj.com/articles/the-making-of-the-worlds-greatest-investor-11572667202 + +Here's the beginning: + +The Making of the World’s Greatest Investor +Jim Simons was a middle-aged mathematician in a strip mall who knew little about finance. He had to overcome his own doubts to turn Wall Street on its head. + +by Gregory Zuckerman + +Jim Simons sat in a storefront office in a dreary Long Island strip mall. He was next to a women’s clothing boutique, two doors from a pizza joint and across from a tiny, one-story train station. His office had beige wallpaper, a single computer terminal, and spotty phone service. + +It was early summer 1978, weeks after Mr. Simons ditched a distinguished mathematics career to try his hand trading currencies. Forty years old, with a slight paunch and long, graying hair, the former professor hungered for serious wealth. But this wry, chain-smoking teacher had never taken a finance class, didn’t know much about trading, and had no clue how to estimate earnings or predict the economy. + +For a while, Mr. Simons traded like most everyone else, relying on intuition and old-fashioned research. But the ups and downs left him sick to his stomach. Mr. Simons recruited renowned mathematicians and his results improved, but the partnerships eventually crumbled amid sudden losses and unexpected acrimony. Returns at his hedge fund were so awful he had to halt its trading and employees worried he’d close the business. + +Today, Mr. Simons is considered the most successful money maker in the history of modern finance. Since 1988, his flagship Medallion fund has generated average annual returns of 66% before charging hefty investor fees—39% after fees—racking up trading gains of more than $100 billion. No one in the investment world comes close. Warren Buffett, George Soros, Peter Lynch, Steve Cohen, and Ray Dalio all fall short. +I’m seeing a lot of garbage pop up right now trying to distract you all from the real issue. The real issue is whether or not you received the proper stock dividend. Those who wish to distract you would have you call your broker asking for silly things like if they bought you “real shares“ instead of asking the right question whether or not you received the proper stock split via dividend. All the rest of this crap is noise. Someone even attempted to remake my Seinfeld meme in a way that paints the picture that you should be complaining to the SEC… If you call your brokers, you should be asking one question. Whether or not you receive the proper stock split via dividend. +r/CryptoCurrency is currently ranked #5 for posts per day, #2 for comments per day - yet is ranked #601 for post karma. This is a huge discrepancy not seen in other top subreddits. I analysed this below: + +[Top 50 subreddits \(by subscriber count\) + 3 subreddits offering crypto rewards. Subreddits typically have a karma ranking similar to their posts per day ranking \(a value of \~1\) - or a higher karma ranking \(value of \>1\).](https://preview.redd.it/5rb5az6d7oi71.png?width=1330&format=png&auto=webp&s=3b2f6fad6f74f86087e6e3613ff23700a93c9f5f) + +The other 2 subreddits that offer crypto rewards (fortnitebr, ethtrader) are also low - but nowhere near as low as r/CryptoCurrency. + +This is either because (i) users are reluctant to reward a post (ii) users are spamming low-quality posts (thus raising the posts per day count) in an attempt to farm rewards. **Or, in reality, a combination of both.** + +Whatever the reason, we are now at an all-time low: + +https://preview.redd.it/4qjxvo208oi71.png?width=899&format=png&auto=webp&s=d70d10bc2db7c4b276522b54afeb6aaf24dfc770 + +On Jan 1st 2021, we ranked #87 for posts per day and #121 for post karma. By May (BTC's $64k ATH), the gap had widened to #4 for posts per day and #345 for post karma. + +I was not able to find another subreddit with such a large gap at present. + +In other words, across all of Reddit - r/CryptoCurrency is **the** sub where you have to either work the hardest or be the luckiest in order to earn karma. +Within 4 months, I managed to turn $8k to $110K and since then it’s been all downhill. My portfolio would go down 10% in a day then go up 20% the next week. Last week my account was at $65K and I was slowly building my account back up, then loss after loss after loss happened, and now my account is at $17K. I feel sick, and can’t even tell my family about it cause they’ll give me crap for it saying I should have pulled some out. I’m a junior in college, so the money I invested was from my school refund check from covid. Now I can’t even day trade for 90 days or until my account is back up to 25k+. I feel so depressed cause of it and don’t know what to do. +Just curious to see if anyone here has actually been successful in the game long-term and profited consistently. + +If so, could you tell us your story? How long you've been trading, what you've learned, when you started being successful, what methods you use, what pairs you trade, what type of risk and money management, etc etc. + +Always love seeing success and motivational stories, I'm sure a lot of other lurkers would as well! +Hi everyone, + +For those interested in it: + +&#x200B; + +[source: Quakes99 on twitter](https://preview.redd.it/m2lafbxai0491.png?width=785&format=png&auto=webp&s=eb4a0a049d595df433742f3a96ba43ff19248bca) + +A couple weeks ago IAEA stated that the US utilities only had 16 months worth of fuel (uranium, UF6, enriched uranium, fuel rods) operational stockpiles on average on site and at convertor/enricher under their own account. That's dangerously low. They will have to contract for huge amounts of future uranium supply in coming months and in 2023/2024. + +The EU utilities on average only 24 months worth of operational stockpiles. + +Knowing that the fuel cycle of mining to new fuel rods takes 18 to 24 months, so an operational stockpile of only 16 months worth of operational stockpiles is critically low. + +Today the uranium spotprice is around 50 USD/lb. + +I will not be surprised to see the uranium spotprice reach 80 USD/lb in the coming months, due to loss of underfeeding (confirmed by Cameco a month ago) and possible overfeeding combined with the restart of Converdyn Metropolis convertor early 2023. + +And in the longer term (2023/2024) it's simple math. If not, a lot of nuclear reactors will fall short of uranium supply in 2024/2028. Because it takes years to get an uranium project in production. For instance, Arrow of Nexgen Energy needs at least 4 years from the construction start to get it producing the first uranium. + +Note: + +Even utility engineers are now openly saying that they expect much higher uranium prices in the coming months/2023 (One was talking about possibly 100 USD/lb). They expect US utilities to contract huge quantities of new future uranium supply starting a few months from now. Future will tell. +So I have been investing in small amounts over past few months. Few hundred a month into veqt, td, enb. But i am looking for something thats more aggressive or riskier i guess you can say. Maybe like a tech etf? I am open to lot more risk. I currently do 80% veqt and 10 td and 10 enb. I am also 23yr old. +What are some European ETF's that track S&P 500 and are very solid and very safe aside from the iShares and Vanguard ones? + +On another note, which one should i choose between the iShares one and Vanguard? +Hey guys! +I would like to get some opinions on my portfolio. +I am 24, planing to invest 12k and 400 monthly + +-IWDA 77% +-EMIM 13% +-SXRV 10% + +Thanks a lot +Hi all im now a graduate Mechanical Engineer I currently have been working 6 months as a clinical engineer in a hospital. +I'm happy at the moment but I would love to in the future travel or maybe do a masters in a different country im currently thinking if I were to do a masters which would pay better ? + +Also what countries would offer higher paid engineer salaries that would also be cheaper cost of living I thought Munich in Germay would be a great one but would people suggest anywhere else? +Hello fellow Europeans, does anybody have an idea of the impact of the incoming USA inflation on the Eurozone? Will the euro follow the dollar trajectory? +>According to the notification, two major changes in the ITR forms have been effected. First, an individual taxpayer cannot file return either in ITR-1 or ITR4 if he is a joint-owner in house property. + +>Secondly, ITR-1 form is not valid for those individuals who have deposited more than Rs 1 crore in bank account or have incurred Rs 2 lakh or Rs 1 lakh on foreign travel or electricity respectively + +[Source](https://economictimes.com/wealth/personal-finance-news/simple-itr-1-form-not-for-those-paying-rs-1-lakh-in-electricity-bill-owning-house-jointly/articleshow/73108802.cms) +This is some good news and potentially a catalyst to fly high: + +[https://finance.yahoo.com/news/soligenix-announces-positive-progress-pre-120000395.html](https://finance.yahoo.com/news/soligenix-announces-positive-progress-pre-120000395.html) + +up 37% pre-market already now. Not advisor just observer. +Guys, without any other useless introduction, I am seeing a lot of Garbage stocks pumped heavily these past weeks especially this week. I just want to remind that you probably worked hard for those money you're dumping in meme stocks... Please be careful at what and how you're taking every other trade. Last week I saw a trader around here, who sold AMC naked calls and got a margin call for over $600k Today I saw another trader who loaded AMC at over $55 per share for a total of about $250+k + +I mean, be careful. Always remember that you're lucky 99 times and only one bad trade can erase your account . PLEASE don't listen to those who are inviting you to have a beer on the moon... they will eventually have their beer in a new Lamborghini purchased on your money that you gonna lose... + +Investing in stocks is an art that needs to be treated with passion, awareness and risk. + +Edit: P.S. just look how pumpers are down voting and see their comments below... These are those promising "moon" and while you're buying Meme stocks at their pick, they are unloading their bags and banking... Just saying... + +Here's the unfortunate trader comment: + +"I lost this. I doubled down yesterday and it wiped almost my entire account. Lost 650K. I still can’t believe it. This morning it was down 200k and in less than a few minutes it was down 600k. I was closed out. I don’t even know how to recover from this." + +Good luck 👍 +Hey there guys, normally I don't post shitcoins but this one has a cool ass idea, design is cool and not just a clone. + +It's called $MARX, it's not live yet but it's pre sale-ing in a few hours. Contract is legit and can't be rugged. But not yet renounced. So only invest when it's renounced (what will most likely be a couple hours before pre sale. + +If it's a rug and we need to steer away, please say so in the comments. **But don't be calling this out as blatant scam just because it's a shitcoin, we know that already.** + +# Presale in 24 hours. + +# [https://t.me/socialistmarx](https://t.me/socialistmarx)[.](https://imgur.com/a/DjegNyc) + +# (Below is the copy paste for convenience) + +**✊🏻 Workers of the world, unite! Socialism has taken over the Smart Chain.** + +&#x200B; + +Presale in 24 hours from this message. + +**👨‍👩‍👧‍👦 Power To The People!** + +10% reflected back to the people. + +**🌾 Farmers on the motherland** + +10% Liquidity Compounding (efficiently growing your ability to hold your crops) + +**🔥 Why $MARX Token?** + +**☭ Rewards the holders of Socialism ☭** + +Holders earn passive rewards through static reflection as they watch their balance of $MARX grow bigger by the minute. Communism. + +# 🔒 Security: + +\- We renounce ownership of the contract upon launch, relinquishing the ability to mint or touch the LP yield, as many other forks out there are able to + +# 📎 TOKENOMICS + +* Total Supply: 1,000,000,000,000,000 +* Presale: 300,000,000,000,000 +* Liquidity: 250,000,000,000,000 +* Burn: 400,000,000,000,000 +* Team: 50,000,000,000,000 +* 🧨 $MARX burn (448 trillion): + +**📊 Charts:** [**https://poocoin.app/tokens/0x8bde4388d05dd2366e071e9c78314bb1bcdeb0ab**](https://poocoin.app/tokens/0x8bde4388d05dd2366e071e9c78314bb1bcdeb0ab) + +**💳 Token Address:** [**https://bscscan.com/token/0x8bde4388d05dd2366e071e9c78314bb1bcdeb0ab**](https://bscscan.com/token/0x8bde4388d05dd2366e071e9c78314bb1bcdeb0ab) + +**💬 Telegram:** [**https://t.me/socialistmarx**](https://t.me/socialistmarx) + +**🌍 Website:** [**https://marx.fund**](https://marx.fund) + +# DISCLAIMER: + +# THIS IS MOST LIKELY A PND, I JUST FOUND MY FIRST COIN IM EARLY ON AND THAT'S IT. +NZ referendum preliminary results are today and Jacinda Ardern (Labour Party) as well as NZ minister of justice has committed to passing draft legislation if it gets a yes vote. I’m in on CAN and LGP as they are two of the only ones in AU that actually have the full combination of license to manufacture, permit to manufacture and license to export. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +[https://www.theaustralian.com.au/the-oz/news/hackers-threaten-data-release-in-coming-hours/news-story/1e00cbe61a77a39ddf09c50fe392c09d](https://www.theaustralian.com.au/the-oz/news/hackers-threaten-data-release-in-coming-hours/news-story/1e00cbe61a77a39ddf09c50fe392c09d) +After a crazy week what do you think this week has in store? Will the price skyrocket? Are hedgies trying to lure newbies into playing options with a brand new psyop? Will hedgies capitulate finally? Does our fearless chairman have some more scares for shorts? + +Dtcc committed international securities fraud dtcc committed international securities fraud dtcc committed international securities fraud dtcc commited international securities fraud +HITIF High Tide up 33% on Friday and up another 30% in the first 20 minutes of trading today, this is one of my favorite stocks and I think it has a long way to run before it meets its full value + +HITIF is a market leader in the canadian cannabis industry with rock solid finances, a market cap of $255mill with sales up rapidly year on year from $8m in 2018 to $80m in 2020, a tenfold increase, and projected to be well over 120m in 2021, a healthy balance sheet with only 36m debt (source seekingalpha) + +The real asset to this company is the management, they just seem to have ambitious goals for this company and know exactly what to do to get it there, partnering up for licensing deals with many celebrities & brand icons such as Snoop Dogg, Trailer Park Boys, Cheech & Chong Guns N' Roses etc + +The management are aggressively growing the company organically and by acquisition, extending its large number of retail stores in the most lucrative locations in major population centres as well growing an ever expanding half a million online customers, all these efforts making it one of the largest cannabis companies in Canada, with a foot firmly planted in the lucrative US market, so far 23% of its revenue already coming from the US, its a steal at its current price in my opinion, lots of volume and interest in this stock the last couple of days so it is definitely about to lift off + +Always a positive sign - insiders and directors own around 22% of the company which demonstrates that they believe in the company and motivates them to continue to improve long term value + +APHA Aphria & Aurora Cannabis also seem to see solid potential in HITIF as they are both key industry investors in the company +With the new meme coin craze driving up cryptocurrency markets, many new projects are looking to capitalize on new unique tokenomics to bring users into their ecosystems. Recently, a project has emerged that has taken the opportunity to engage with this community to create an entirely new way to give back, and they’ve already made an enormous contribution. + +Cryptocurrency has offered enthusiasts a variety of ways to generate income and profit, but few have integrated a way for users to donate to a charitable cause without going out of their way. The ***Munch*** project has done this by integrating it directly into their code. + +The **Munch Token** contract (ERC20, Contract Address: *0x944eee930933be5e23b690c8589021ec8619a301*) has been audited by Solidity Finance and boasts a Dex Tools Score of 97. Liquidity has also been locked via *Unicrypt*. It’s tokenomics include: + +* *a 10% transaction fee* +* *a 5% fee to be distributed to token holders* +* *a 5% fee to charity (directly to the charity, the team doesn’t own the wallet)* + +Users who trade ***MUNCH*** will automatically donate funds directly to a wallet controlled by the charitable organization of the communities choice. For the first donation, the community has chosen **GiveWell**, an independent non-profit organization that finds the best ways to allocate funds donated for charitable causes. + +***On April 28th, 2021, MUNCH hit a milestone of $1,000,000 donated to GiveWell.*** In as little as 14 short days, a community was able to make an everlasting impact on countless lives. Part of its ability to swiftly engage with **GiveWell** is the way its system is designed. + +When the wallet holding the donated funds reach a certain threshold, the ***MUNCH*** being sent to the address are turned into *ETH.* After this conversion, the *ETH* is sent to the charity directly. This ensures the funds are liquid and available for use at a moment’s notice. + +***Munch’s*** distribution schedule is as follows: + +* *Total supply: 100,000,000,000,000 (100 Trillion)* +* *30% to burn during specific burn events (30 Trillion, Time-locked for 5% burned per week)* +* *10% Dev team allocation with a range of ownership between 0.5% and 2% per person (10 Trillion)* +* *5% presale with a max of 0.5% per person held across 10 accounts (5 Trillion)* +* *5% Marketing budget (5 Trillion)* +* *50% Pooled (50 Trillion))* + +Incorporating a *trustless, organic, transparent,* ***charitable*** ecosystem is a niche of crypto that has yet to be mastered. Some projects have tried to develop such an idea previously but many have failed to achieve the lofty goals they have set. Cryptocurrency users have a history of being extremely generous. Influencers like RookieXBT and Crypto Cobain have donated hundreds of thousands of dollars to causes of different kinds through more direct mediums requiring a third party mediator. + +The potential to bring an ecosystem like ***MUNCH*** to the mainstream is vastly underestimated. As evidenced with other cryptocurrencies, mainstream adoption is on the forefront and bringing ***MUNCH*** to the masses could impact thousands upon thousands of lives in a variety of ways, with the click of a button. + +With continued organic growth as its focus to spread the word about the project, the future is bright for ***MUNCH***. ***Raising and donating $1,000,000*** is a moment that will clearly go viral and draw more users, while earning more for the greater good. *Find out more at* [*https://munchtoken.com/*](https://munchtoken.com/) *and read their white paper.* + + + +*(I write articles, reviews, and Litepapers for legitimate, interesting, up and coming cryptocurrency projects. Feel free to PM me to review your project. Thank you!)* + +**Disclaimer: This is not financial advice. The sole purpose of this post/article is to provide and create and informative and educated discussion regarding the project in question. Invest at your own risk.** +With the invasion of Ukraine, I thought it would scare a lot of investors. The sanctions on Russia affecting many European countries hasn’t effected how well the S&P 500 is doing as well as DOW and NASDAQ. Also the energy sector was the only thing in the green at yesterdays close, someone explain that as well. + +PS: also theres a lot of comments so if you comment can you not say the same thing someone else said bc im trying to read everything yall say. Thx:) +Day trade on paper for at least a month or even longer. (Without actually making the trades) + +I got this advice a few years ago but didn't listen and was down 50%. + +It sounds odd, but it'll show you how hard and unpredictable it is, especially with crypto. + +Literally write every trade you would have made with your crypto and see if you're really in the green after at least a month. + +This will be a great way to learn you can't always time the market without losing a big chunk of your money. + +I'm not saying day trading isn't possible, but make your mistakes on paper first. +I have 100k set aside to put in SCHD. Lots of bad stuff going on with the market today, and people forecasting around a 20% drop in the S&P next year. I definitely don’t feel like I should just throw it all in the market now! + +I’m thinking for next year the best thing might just be to DCA and do ~ 8k a month. What do you think? +[https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html](https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html) + +&#x200B; + +who got in on these cheap puts? + +&#x200B; + +&#x200B; + +https://i.redd.it/78hbzsxf8uo11.png +Been hearing this "Biggest crash of 80% or 90% in early June" for a while now, mainly from Harry Dent who predicted the dot-com crash. + +&#x200B; + +>The strategist correctly called Japan’s 1989 bubble bust and recession, the dot-com crash and the populist swell that made Donald Trump president. +> +>What could be “the biggest crash ever,” he argues, will hit by the end of June, if not sooner. It will be “the initiation of the next big economic downturn,” Dent predicts. +> +>“Fake earnings, fake GDP, fake interest rates and super-high valuations” make for an increasingly untenable situation, he warns. The expanding market bubble has been building since 2008. But the Federal Reserve keeps averting the next huge crisis by continuously “printing money,” declares the Harvard Business School MBA. +> +>His HSD Publishing, an independent research firm, generates monthly newsletters that he and Rodney Johnson, HSD president, each write.  +> +>In the interview, Dent delivers his prescription for investing amid the weakened economy and impending disaster, as he sees it: Zero in on long-term Treasurys. +> +>“What’s better than sleeping with 30-year Treasury bonds,” he exults. They’ll “magnify your money.” He then describes a portfolio allocation for the investor that’s “willing to take more risk.” As for the notion of high inflation, “no way in hell,” he says. + +Not sure what to feel about this, especially when there are lot of big players saying the same. + +Open to discussion.. + +\--- + +Edit: This is not DD even though it seems like it (or is it?). DYOR. Not a financial advisor. Jk +The money is not for goods or services, it's for rent. Do I still have to report it? How should I go about this, just keep not reporting it and hope I don't get audited? I do not want to pay taxes on money that I didn't even get to keep. + +To clarify, we split the rent payment. He cashapps me to make it so that it just all gets paid at once. I'm not a landlord or subleaser, we just share an apartment. + +EDIT: Ok thanks guys, I got my answer in the first five minutes, you can stop commenting implying I'm an idiot for feeling slightly worried about getting audited over unmarked transactions. :) +Hi folks. Here’s my situation- I work as an executive at a v large Canadian company. I’ve been almost my entire professional career. I’m 45 yrs old. I make a good living at my job ($400K/ all in), but I’m definitely not the top dog. The job is pretty intense and very much a normal executive position. Totally unrelated to career- I have a ~$20M+ invested(and fully taxed by my CDN government ). + +As you can imagine I don’t tell too many people at my office about my financial situation. But increasingly I’m having a difficult time staying focused and pretending that I really give a shit. +A couple of questions I would love peoples insight on: +1). Any thoughts on how to get out of my corp job. (Mentally v Hard for me to leave without my 2 year severance package) +2). Thoughts on making the transition to “not working” at my age. I have lots of things I want to do, but have concerns about the lack of structure after such a long time in the rat race. +I am trying to figure out how much do you Fat Fire guys spend a year. Most of the folks here are in HCOL I think and wanted to see what’s a fat Fire lifestyle encompasses and what do you spend money on? + +For us it’s mostly the mortgage and daycare that takes the biggest chunk and we are spending around 90k a year hardly fat. Want to get a sense of what level of spending/ expense would be considered fat? +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – The Apocryphal Twain* + +Update: Originally **BANNED** on WSB for posting this because it didn't relate to stocks. THIS DOES RELATE TO STOCKS. If I get perma-banned for posting literally a discussion about the integrity of the markets, I don't care. Do it. This is about transparency. Fairness. Equal opportunities for all. + +\--- + +**Yes, there is a US company with assets of $63 trillion that you haven't heard about.** That's a problem. And it's time this company that's relevant to the $GME scandal testify to Congress. The People demand to know if the system is working fairly for all. + +**Their name:** The Depository Trust & Clearing Corporation ("DTCC"). *See* [*https://www.dtcc.com/annuals/2019/financial-performance*](https://www.dtcc.com/annuals/2019/financial-performance). **They claim the "\[t\]otal value of active issues held at DTCC" in 2019 was $63 trillion.** Simply put, they hold your stocks. That year, they settled $120.80 trillion in securities transactions alone. + +**What do they do**: Not much - other than **settle almost every securities transaction in the United States.** In an SEC Sample Offering Document, DTCC claims themselves to be "the world's largest securities depository." *See* [*https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995\_ex10-3.htm*](https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995_ex10-3.htm). + +**Why DTCC matters**: Robinhood relies on their subsidiary, the National Securities Clearing Corporation ("NSCC"), to help clear their trades. *See* [https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/). Here's a good explanation of what they do: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/). + +In a document on the US Treasury's website, it states the DTCC's shareholders are many banks: + +"DTCC is a holding company of DTC, FICC and NSCC, which are independent legal subsidiaries. There is a single governance structure for the three clearing agencies. DTCC governance arrangements are available publicly and updated on a yearly basis (last update October 2009). **DTCC common shareholders include approximately 362 banks, brokerdealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC."** *See* [https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP\_DAR\_Settlements\_NSCC\_Final\_5%2011%2010.pdf](https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP_DAR_Settlements_NSCC_Final_5%2011%2010.pdf). + +Let's get this straight, the shareholders of DTCC are the banks? They govern a $63 trillion company (in terms of asset worth, not valuation (come on, people, I know the difference)), by which its subsidiary inadvertently halted meme stock trading on? **How is this not a conflict of interest to the integrity of the free markets?** + +To be clear, I don't know who these banks are. Can't find them. That seems *interesting*. One internet article claims "DTCC’s user-owners include: Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays . . . Mellon, Bank of America." *See* [https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing](https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing). I couldn't verify this. + +Better yet, read this email by Murray Pozmanter, the Managing Director - Head of Clearing Agency Services and Global Operations at DTCC, dated Feb. 1, 2019. First, he states that "DTCC is the parent company and operator of the U.S. cash market securities CCPs, National Securities Clearing Corporation (“En Es C C (prevent auto-ban) ”)." Yes, the En Es C C (prevent auto-ban) that runs Robinhood's clearing work. Second, he states that "**The DTCC common shareholders include hundreds of banks, broker dealers, and other companies in the financial services industry that are participants of one or more of DTCC’s SIFMU subsidiaries, and the DTCC board is currently composed of 19 participant and non-participant directors.** Importantly, our ownership structure also ensures that we direct our primary focus toward addressing industry needs and preserving market stability, which is especially critical during times of crisis." *See* [https://www.fsb.org/wp-content/uploads/DTCC-4.pdf](https://www.fsb.org/wp-content/uploads/DTCC-4.pdf). + +**It just gets worse.** Back in the late 2000's, DTCC was sued for facilitating naked short selling. *See* [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720). *Does this, uh, sound familiar?* + +DTCC vigorously defended themselves during the lawsuit, arguing they had no role in the naked short selling issue. There appears to be an archived article stating DTCC's response to the accusation back in 2007: + +"As DTCC has explained, short-selling and naked short selling are trading strategies.  These trading activities are regulated and policed by the marketplaces/exchanges, the self-regulatory organizations and the SEC.  **DTCC is involved in post-trade processing, which occurs after a trade is completed.  DTCC has no regulatory authority over trading activity or to release information related to trading activity.  In fact, as we told the WSJ reporters, we have no power to force the closing of an open fail, no matter what the cause, and we do not have the authority to force a buy-in**." + +They also stated that: "**Freedom to trade is a cornerstone of our equity markets and a fundamental principle in the regulatory schemes that govern the markets**.  The SEC has flatly rejected the argument that there are such things as phantom shares or credits being created in the market." *See* [*https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj\_response.php?lpos=3&lid=3*](https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj_response.php?lpos=3&lid=3). Boy, would I love the freedom to buy a stock I want, even if Hedge Funds mess up and nakedly over-short a position during a squeeze! + +The SEC also notes that the DTCC has a surprising amount of power to halt trading on a security for operational/transfer issues of a stock or fraud called "chills" or "freezes." *See* [https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_dtcfreezes.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html). *But does this include jacking up capital requirements for overly-shorted stocks without any public notice and explanation behind the billion dollar deposit?* + +**Let's also get this straight**: back in 2007 they claimed to have no authority in **pre-trading**. Only post. So what the hell happened this month with En Es C C (prevent auto-ban) and Robinhood then? Congress, are you listening?   + +**Why this matters**: Recently, Robinhood's CEO Vlad spoke with Elon Musk on Clubhouse, an app where Musk interviews guests. It gets interesting when Musk questions Vlad about the decisions of the En Es C C (prevent auto-ban), the DTCC subsidiary, to post $3 billion of capital at 3 a.m. in the morning during the meme stock trading frenzy. I'll put down the most relevant parts of the conversation here: + +8:55 (Musk): Who controls those organizations, those clearing houses? + +9:02 (Vlad): \[Awkward pause\] Um . . . you know . . . it's a consortium. It's not quite a government agency. You know . . . **I don't really know the details of all that.** + +9:15 (Musk): OK . . . + +9:16 (Vlad): But, you know, and to be fair, we were . . . we were . . . uh . . . I think there was legitimate sort of turmoil in the markets. Like these are events with these meme stocks and there was a lot of activity, so there probably is some amount of extra risk in the system that warrants higher requirements so it's not entirely unreasonable." + +**\*\*Now square this with Vlad's earlier comments during the interview:\*\*** + +4:02 (Vlad): The request was around $3 billion dollars. Um, which is, an order of magnitude of what it typically is. Right so, um. + +4:17 (Musk): This seems like this sounds like an unprecedented increase in the demand for capital. **What formula did they use to calculate that?** + +4:25 (Vlad): Well, um, yeah, just to give context Robinhood up until that point has raised, uh, you know a little bit around $2 billion in total venture capital up until now. So, it's a big number. Like $2 billion dollars is a large number right. **So, um, basically, the, and, you know, and I, the details are, we don't have the full details**, it's a little bit of an opaque formula but there's a component called the "VAR" of it, which is "Value at Risk" and, um, that's based on some fairly quantitative things although it's not fully transparent, but it's not kind of publicly shared. So, uh, there are ways to reverse engineer it but it's not kind of publicly shared. **And then there's a special component that's discretionary and that kind of acts like a multiplier.** And, um, basically . . . + +5:24 (Musk): Discretionary, like meaning it is just their **opinion**. + +5:29 (Vlad): **Yeah**, there, uh, it's a little bit, I mean I'm sure there's something definitely more than just their opinion. + +The full interview is available on YouTube. Search: "Elon Musk Grills Robinhood CEO Vlad Full Interview on Clubhouse." Can't post the link. + +**\*\*Breakdown:\*\*** + +Vlad is asked by this "consortium" to post $3 billion, 150% of Robinhood's entire venture capital amount, at three in the morning, or presumably, trading will not be cleared. However, Vlad doesn't "really know the details" of this "consortium," but decides it's a good idea to deposit over a billion dollars in capital anyway. Moreover, this so called "consortium" apparently by contract can demand whatever they want to. I guess every reasonable CEO posts almost a billion dollars when asked by a group of people he doesn't really know too much about (around $700 million to be exact). *Yes, the figure was later negotiated down.* + +Further, this "discretionary" posting requirement is completely absent in Robinhood's explanation to clients: + +"**How do clearinghouses determine how much is required?** + +It’s pretty technical, but the process basically works as follows: clearinghouses look at a firm’s customer holdings as a portfolio. They use a volatility multiplier, looking at specific stocks, to quantify their risk." *See* [https://blog.robinhood.com/news/2021/1/29/what-happened-this-week](https://blog.robinhood.com/news/2021/1/29/what-happened-this-week). + +I mean, man, is it really "technical" if the capital requirement can also be an "opinion," that is, discretionary? That was conveniently *left out*. The fact is this: Vlad said one thing but *omitted* another. **Why.** + +**TLDR/ The Rub:** What is Big Money? It's $63 fucking trillion dollars. The point here is not to peddle some unsupported conspiracy. The point is to expose an **apparent** ***conflict of interest*** and demand those in charge of our markets to reestablish public confidence. If you're going to take away the People's literal "buy button," the People better have a right to know why. **Don't pull a fast one on the working people at 3 a.m. in the morning.** + +Edit: Some of you smooth brained folks actually think I’m saying this company is valued at $63T. READ the post. +Six hours ago, I thought we were starting the next Great Recession......now we're in the green? + +If anybody could help me make some sense of what is going on and why we just saw such volatility today, that'd be great. + +Is this a good sign? +My algo Is simple. + +~~~~ +pos= 0 +buy_price = 0 +If rsi <= 30 and pos == 0: + buy + buy_price = getPrice() + buy_time = now() + pos = 1 +elif percent_change(buy_price, current_price) > 3 and pos ==1: + sell + pos = 0 +elif current_time - buy_time >= 7days and pos == 1: + sell + pos = 0 +~~~~ + +Does really well in backtesting, if my position expires it always recovers. Tell me why this wouldn't work. I might unleash it on the market today + +Edit: also it compounds, so it reinvests any profits + +Edit 2: I tested this against random data and failed miserably lmao + +[Random data gen](https://pastebin.com/2rrKPHHT) + +[Backtest script](https://pastebin.com/tjf1kzkF) + +[TI.py](https://pastebin.com/FJLx4Dxx) +Hi! + +I am currently trying to get my strategy down into code to actually test how it performs. + +I have most of the building blocks set up, I can subscribe and get realtime prices, and calculate signals. + +I can place orders orders and cancel them. + +I can subscribe and listen to my positions so I can see 1) how my trades are doing and 2) which symbols I am currently exposed in so I don't get too high exposure. + +I don't know how to do all this at once. + +My plans are to have the setup unified like this: + +A script for calculating signals +This script subscribes and listens to the incoming prices. This is also where I calculate the signals for my strategy. And persist the data. In this script I would like to send orders to a simple order routing system. + + +A script for keeping a position dictionary and monitoring positions: +This script listens to my positions and how they are doing. A dict is also 'kept' that shows which symbols I am already exposed to. +This script should be able to send orders, for example to stop losses. + + +A script for order routing: +This script is where I have the most problems. This script should be able to access the position dict that is kept in the above script so I don't break my exposure. + + +I have taken inspiration from the forum posts in this [link](https://fxgears.com/index.php?threads/python-development-environment-jacks-technology-stack.1090/) and have come to the conclusion that ØMQ or threading is probably the way to go. However, as I am just an economics student with no real systems 'engineering' experience I have met a wall. + + +My questions is basically: "Would it be possible for me to have a fourth script that does" + + if __name__ == '__main__': + setup() + + subscribeToDataAndTrade() # Start the subscription and trade + + subscribeToPositions() # Start the subscription to my positions (if any) and keep a position dict. + + +Where the code in subscribeToDataAndTrade() and subscribeToPositions() run concurrently and are both able to send orders. +The order routing function should be able to see the position dict. + +In the long run, I would like to be able to change settings on the fly, but that is far out in the future right now. + +If more info is needed, I am happy to elaborate. +Unless you have been living under a rock, we just experienced a catastrophic crypto meltdown. + +People are understandably upset, posts here are now emotionally charged. However the writing was on the wall as highlighted in my previous post + +https://www.reddit.com/r/CryptoCurrency/comments/ubg9me/despite_what_people_say_on_this_sub_expect_crypto/?utm_medium=android_app&utm_source=share + +I don't intend this to be a told you so post, I want to simply urge people to be cautious and think twice before overinvesting. + +This is NOT a dip, this is likely the start of a drawn out bear market. + +Inflation and rates are still on the rise, there are no immediate fixes for the supply issue, covid is still running rampant and the risk of war escalating grows by the day. + +The Luna debacle broke alot of trust in stablecoins and crypto generally. People are all of a sudden realising these so called guaranteed stable coin returns were actually unrealistic and made of unicorn dust. Alot of people are taking a step back and thinking, are the returns on my staking realistic? Could I be like the Luna holders and not be able to take funds out in the event of a crash? Where are the returns coming from? + +All valid risks, people are much cautious. The authorities will regulate this space as a result. They have their catalyst. They could force other stables like tether to reveal their assets and they too could be made of unicorn dust. + +My message is this. The risks are still very grave here and if your not prepared to whether the storm think seriously about investing and never invest more than you can afford to lose. + +I am still bullish long term. I will be patiently DCAing awaiting the next run. We will all be ok, just be sure you understand now is an extremely risky time to be investing. + I'm a simple man that has had simple means to make something beautiful happen over the last 2 years. There comes a time when life calls that you need to make sure you take care of things a bit around the house. This is one of those times. + +I have a car that's a 1995 that is sitting in the shop right now that I'm not sure can be fixed. + +Meanwhile the van that I'm driving is a 1999 and it's my DJ business ride with a frame that's rusting out that probably won't last another year. + +Today I find out my 1996 Olds 98 has been stolen. This is my son's car that I haven't heard from in about a month. I'm not particularly sure that his story lines up and I'm working on things right now to rectify the situation. I'm driving around looking for that car right now because I will take that thing back because it's in my name and I need wheels. + +I have sacrificed so much over the years for my family and I have a little bit of an asset right here that can make things a little better. I'm only cashing out what I need to get things rolling again. + +It's time to make things move on the homefront. Take profit when it makes sense. Hodl the rest and Pay your taxes. + +So what car do I buy? I promise you any car that I buy now still going to be at least 10 years old. Cars depreciate and no one should lose money over such an overrated image. No one cares about Italian Tractors. + +Thank you Ethtrader. Big Hugs from KC. + + +We have the opportunity to buy our freehold from the council for £1750. +We currently have 956 years left on the leasehold and don't pay any ground rent. +We don't plan on making any major changes to the house like extensions but we don't plan on moving and would like to pass the house down eventually. +Should we buy our freehold? +F32 and M30. One kid (1YO). Both from useless broken families with multi generational debt. Weren't given any real financial education, squandered our 20's in various ways. Below average dual income. + +Read The Barefoot Investor a few years back and followed it loosely, which was a good way to clear the debt and get a steady budget. Currently ~$3K in savings, which is essentially our annual expenses and rainy day fund. Approximately $10k left to pay off on a fixed personal loan (long story). + +Is there any hope? How do we even begin saving to own a home? I guess I'm hoping for some uplifting advice, or maybe advice that will help me accept the reality of being lower middle class (upper lower class??) until we pass on. +I have recently lost my wife, and she had quite a few credit cards. She had all these cards before we got married, and I was never added as a joint account holder. Am I liable for her outstanding debt? What do I need to do? I've gotten advice ranging from "Ignore it" to "Hire a financial advisor/lawyer before even contacting the creditors." She passed very recently so I don't have any creditors hounding me yet. Any advice is appreciated. +This sub is intended to be a safe place for the respectful discussion of stonks , DD, etc. + +Please familiarize yourself with the rules of this sub before posting. Here are some general rules: + +* Do not ❌ harass other users. We may be apes 🦍, but let's be civilized apes 🦍. We can disagree with one another, but let's do so respectfully. Remember the golden rule. +* Do not ❌ attempt to manipulate the market. Remember, none of this is financial advice. There is no ❌ "we" when it comes to the purchasing and selling of stocks; every ape 🦍 acts on their own. +* Do not ❌ post FUD (Fear, Uncertainty, Doubt). If you feel the need to make these types of posts, please do so elsewhere. We want this sub to be a place for positive discussion, support, and memes, so please leave the negativity at the door. +* Do not ❌ share positions. This is a hotly debated issue, but in the case of shills / bots collecting data and spammers, sharing positions makes apes a target. Sure, hedgies may already have this information, but why make their lives easier? If you want to share percentages, that's okay, but please refrain from posting number of shares or average cost. We can applaud each other without knowing exactly how much everyone has invested at what position. +* If another user violates the rules, help us 🤝help you and report it. Do not ❌ contact the mods directly. Do not ❌ tag us in posts / comments. **Report the post and we will address it**. If reporting does not solve the problem, contact us by modmail. + +All that being said, welcome to the sub! Look around, share some memes, read some DD, and remember, above all else, keep it classy. + +As for me personally, I like the stock. I am not ❌ a cat 🐱, nor a financial advisor. I am an ape 🦍 with diamond hands 💎🙌 who enjoys eating crayons 🖍, dip 〽️, bananas 🍌, and tendies. + +💎🙌🦍🚀🌕 +Hoping people can help point me in the right direction. A previous employer has kept me on their payroll and declared paying me for an extra 3 months (at a much higher rate) after I left. I haven't received any of the money of these 3 months. + +I found out checking my PAYE on the gov.uk site. + +Could they have done this for tax evasion purposes? Or something re the covid business grants. What can I do to get this cleared up with HMRC. + +Thanks in advance + +Update. WOW did not expect to get such a helpful response, thanks to everyone who took the time to add advice. I'll keep you posted on how it goes with HMRC, they have always been helpful when I have phoned them. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>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! + +# 🏴‍☠️ [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! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Just called into my local indie cycle shop to buy a tube. Bloke who runs it is a nice chap, doesn't sting you etc. Anyway, after paying in fiat I ask him if he's considered taking bitcoin, and he says "I don't know much about them but I've got some, bought them ages ago on the advice of a friend for about five hundred quid" so I ask him how many he's got... + +A hundred and fifty... + +Showed him the charts, advised him to get an accountant and left him doing his best goldfish impression. :) +I [24F] got my first “big girl job” and have been working almost a year and never saved a penny. I blew through $400 a week because i still live with my mom and though i pay all of my bills (car note, car insurance, phone, etc) she pick up the slack where my “rent and utilities” would come into play. + +I started following this sub when i first heard about it and skimmed occasionally. Then one day i saw a comment. OP said (and im paraphrasing) it doesn’t matter how much you save as long as you save. If all you have this week to contribute is 1$. Then add that dollar. So i said okay okay okay, i went down to the local bank, and opened a savings account and threw the required $25 opening requirement in and never thought about it again. + +So a week goes by and I go to cash my check. And the teller informs me that I had a minus but it was covered by the money in my savings. How much did I over draft by? $24.00 EXACTLY to the cent. + +I never even caught the fucking charge! I never saw it because i never checked my statements. I would have been sitting on an over draft fee of $45. + +It was at that moment that *i got it*. I realized money is no joke, swiping my card loosely without regard or respect is a dangerous game that i don’t want to play. + +That was on October 22nd, 2018. As off this morning December 1st. i have $625 in my savings. I know i’m not rich lol but it’s more money than i’ve ever had before at one time, and i couldn’t be prouder of my self that i committed to something this serious for this long. + +Thank you all for everything. +I am a single mom. I work full time in an office administrative position. +Lately I have just enough (barely) money at the end of the week for gas to get to work the next week. +We have been hitting the local church food bank on Sundays, which provides a few things, but obviously it's supplemental. +The last two nights I have eaten cereal for dinner (which is fine) and my daughter has eaten oatmeal and canned chicken noodle soup (her favorite at the moment). +My parents have chickens, so free eggs, which is great. I just want to feel like I am not a failure as a parent. +I had a few medical issues this year and it really put a dent in my savings (hell it wiped it out). +My bills are getting paid (barely) and we are not starving, but I just want to hear that things will get better. +Words of encouragement/stories of your own dealings appreciated. +A busy week for financial markets. Tomorrow Wednesday, U.S. President will outline his $3-4 trillion infrastructure plan. It is also the quarter end. + +This Friday markets are closed and although less participation means there could be more consolidation, that’s unlikely to happen this week as investors brace for the strongest jobs report in at least five months. Thanks to the aggressive vaccination programs, consumers and businesses are more optimistic economic activity is improving. There’s much reason for hope for even stronger labor market recovery in the months ahead. + +The only risk is tax hikes to fund infrastructure spending, and the larger the actual hike is, the more pressure on equities. With stocks trading near record highs, it won’t take much for profit-taking to send equities tumbling lower. + +As the news unfold there might be some volatility. Practice caution and watch your equities closely. Avoid emotional roller-coaster by calculating your risk tolerance and your own loss profit ratio. Set a plan incorporating possible outcomes before you, on the moment, irrationally decide to jump on or off board and stick to it +Came across this [article](https://www.nytimes.com/2018/02/09/business/etf-index-funds-market.html?rref=collection%2Fsectioncollection%2Fbusiness) in the New York Times this morning and thought it was interesting. + +Some points from the article: + +> "This week, as markets shuddered, exchange-traded index funds were responsible for 38 percent of total stock trading on some days, an astonishing figure given that these funds were just a curiosity 10 years ago. + + +>"As the flows have grown in volume, much of these funds have gone toward index heavyweights like Amazon, Apple and Facebook, pushing their valuations ever higher. This makes some regulators, academics and investors nervous. What happens, they ask, when passive investors own 80 percent of stocks as opposed to the 40 percent they control today?" + +> "Active fund managers — human stock pickers — will be marginalized, the argument goes. And that could cause harm, because they are the ones who buy when others sell. So when stocks suddenly plummet, there will be fewer funds to step in, extending the fall." + +I know that the folks of /r/investing are advocates of passive investing (I am one of them), so I'm interested in hearing your thoughts. +Hear me out... I know our company has a tough time selling ice tea, but how about we think outside of the box? + +How about we simply change our name from Long Island Ice Tea to... wait for it... + +LONG BLOCKCHAIN! + +------------- + +That is how I envision that meeting went. + +LTEA +185% today +Lotta people hoping it's going to be a major catalyst to moass, but I doubt it even cause a huge wave in price action. It's going to be years before the nft marketplace takes off in the way people are hoping especially with whats happening with nft narrative going on in mainstream media and the crapto market. When it releases by next month and you aren't magically rich don't scream crime because it's npt crime it takes time. +Like the title suggests, dad died and he didn't really have his affairs in order. I guess I'm just looking for a roadmap of things to take care of and suggestions of things we might be forgetting. My brother and i are his only two sons, and are therefore next of kin. We've been unable to find any info about any life insurance policies, but we're both fairly sure he had at least one. We're going to meet with the mortuary today, and we talked to the bank yesterday to ask questions and get the ball rolling. We haven't found a will, and we aren't entirely sure he even has one. Probably leaving stuff out, if there's any pertinent info i missed just ask in a comment. Thank you for your help in advance. + +Edit: Thank you all so much for the great advice. We went to the mortuary today and settled everything there. I think we've decided to go ahead and get an estate attorney, if nothing else for the peace of mind. If anyone sees anything that hasn't been mentioned already, feel free to leave more comments, the information we've already received has been invaluable to us, as there's really no roadmap to this. Also a huge thanks to everyone who left words of encouragement and condolences, it truly means alot. To everyone else going thru the same thing currently, stay strong. And to everyone else, give your parents a call. Tell em you love em. You never when the last time will be. +website https://zenon.network/ + +Incentivised network announcement: https://www.youtube.com/watch?v=zJhTB76nPmg + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation What is it: Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +With the recent hype for Layer-1s one should definitely look into Zenon Network if L1s are of interest. One of the bigger cryptonews site covered it here. https://cryptocurrenciesnews.co.uk/fundamental-analysis-of-a-professional-low-cap-crypto-investor-applied-to-zenon-network/ +It boils down to one question: Who is selling right now? + +Is it people that are in for a long time already and who are still up 5x, so they don't really care and they just want to take the safe route. Or stockpile some more cryptos. + +Are a lot of the newer people jumping ship again? I have been reading for a longer time, but only have been in since December last year. Still - I am riding this down to 0 if I have to, as I am still believing in everything I have in my portfolio. So I cannot speak for the "late joiners" - are a lot of them pulling out again before they drop too much? + +I don't really believe in whales pushing the whole market down and maybe a few people riding the wave. +Also I do not follow mainstream media a lot, so I don't know much about the situation there - except for a few rants about how they are bashing crypto without any knowledge; business as usual. +Still all the "bad" - essentially fake - news we had over the last weeks and days got debunked literally within hours. Still the whole market dropped and did not really show any recovery. + +So - is there anyone that can shine some light into the utter darkness in my mind about that? +Ya’ll !!!!!! Jobs are income that allow you to HODL!!!!! What if you quit and then get in a car wreck or need money ASAP all of a sudden!!! Don’t put yourself in that situation, for your future and other GME HODLERS!!! Seen too many posts about resignations to ignore! PAY YOUR DUES NOW SO YOU CAN HODL AND NEVER HAVE TO PAY THEM AGAIN! End of rant. +DBBF, DGGF and DZZF will become ethical clones of Vanguard's Balanced, Growth and High Growth diversified ETFs respectively, but each will only hold three funds initially: GBND (ethical diversified bonds), FAIR (ethical Australian equities) and ETHI (ethical international equities). + +&#x200B; + +I imagine they could add HETH (hedged ethical international equities), an ethical emerging market ETF and an ethical small company ETF further down the track (if they're going to blatantly rip off Vanguard they may as well do it properly). Each will have an MER of 0.39%. + +&#x200B; + +|Fund|DBBF|DGGF|DZZF| +|:-|:-|:-|:-| +|GBND (ethical diversified bonds)|50%|30%|10%| +|FAIR (ethical Australian equities)|20%|28%|36%| +|ETHI (ethical international equities)|30%|42%|54%| + +&#x200B; + +The changes to DHHF are much more interesting IMO. It's going to become a 100% equity diversified ETF with 37% Australian equities (A200) and 63% international equities (31.5% VTI, 19% SPDW and 12.5% SPEM). It will have 0% bonds and the MER will only be 0.19%! + +&#x200B; + +|Fund|DHHF| +|:-|:-| +|A200 (Australian equities)|37%| +|VTI (US equities)|31.5%| +|SPDW (developed markets ex-US equities)|19%| +|SPEM (emerging markets equities)|12.5%| + +&#x200B; + +My major concerns with DHHF are the high allocation to emerging markets (12.5% is more than twice as much as Vanguard's equity allocation in their diversified funds, but many people may like having a high emerging markets allocation and it's still not really that high) and the tax drag on SPDW and SPEM. It would've been nice if BetaShares had created this fund using Australian domiciled ETFs! + +&#x200B; + +Disclaimer: I don't work for BetaShares and I don't hold a single BetaShares ETF. I just thought this was information that some members of this community would be interested in. +British fund manager Ruffer Investment Management has shifted around $675 million of its clients’ fortunes into bitcoin, an investor memo seen by Reuters showed, in one of the largest signals of rising institutional interest in the digital currency this year. + +The firm, which manages 20.3 billion pounds ($27.3 billion) in assets on behalf of more than 6,500 investors globally, described the allocation as “a small but potent insurance policy against the continuing devaluation of the world’s major currencies”, the memo said. + +The allocation represents around 2.5% of its total assets, the memo said. Ruffer referred Reuters requests for comment to its media relations agency, which did not immediately respond to enquiries. + + + “Bitcoin diversifies the company’s (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and markets risks we see,” Ruffer said in the memo. + +[https://de.reuters.com/article/ruffer-cryptocurrency/uk-fund-firm-ruffer-piles-675-million-into-bitcoin-in-defensive-move-memo-idUKKBN28Q1M7](https://de.reuters.com/article/ruffer-cryptocurrency/uk-fund-firm-ruffer-piles-675-million-into-bitcoin-in-defensive-move-memo-idUKKBN28Q1M7) +It's sad that they expect every announcement by Justin Sun to push up the price and when in fact it slides even further with each announcement and they just blame it on the fud. It seems like they're secretly hoping to be millionaires overnight. +I'm from Canada and currently trading options in Questrade on my TFSA/RRSP account. Fees are $9.95+$1/contract for buy/sell which means a minimum of $21.90 per trade. Most of the time I take a risk and let my CSP/CC expire worthless so I don't pay to close the contract which can be stressful at times. + +Questrade does not allow me to use Multi Leg options like Iron Condors, Put/Call Spreads, etc. on my TFSA/RRSP. So I'm wondering which is broker is offering multilegs on TFSA/RRSP as well as a lower transaction fee. + +Thanks in advance, +Saw many posts about fancy strategies (wheel) and structures (IC and Jade Lizard), but I never managed to understand where the income comes from. + +Studying Short Strangle helped me better understand how Theta is in our favor if we sell options. + +Short Strangle YTD: [https://imgur.com/a/4UUiVoz](https://imgur.com/a/4UUiVoz) + +Vs Jade Lizard YTD: [https://imgur.com/a/ZGUeS57](https://imgur.com/a/ZGUeS57) +For 5 hours, Cameron Ferguson streamed while playing his guitar in front of **0** viewers..... he had no idea it would be one of the most successful nights anyone has ever had on Twitch. + +Meanwhile.. **CryptoCobain** and **ledgerstatus** were streaming **Up Only,** a show about CryptoCurrency. At the end of the show CryptoCobain was searching for a small streamer to raid and stumbled across Cameron Ferguson playing music for 0 people, amazed by his talent decided to raid him and furthermore he instructed the streamer to create a Twitter account, get on the cryptocurrency app Blockfolio and put his address in his bio so others could donate to him. + +&#x200B; + +https://preview.redd.it/60tukay5f6v61.png?width=330&format=png&auto=webp&s=a791387b312eca27fcfb18807f07616750d5166e + + After just under two hours Ferguson called his wife and asked + +*'Honey guess how much money we have?'* + +*'Two Thousand?'* + +Ferguson shows the phone. + + *'This isn’t real!'* + +&#x200B; + +[from cameron\_ferguson\_music](https://reddit.com/link/mxrqje/video/y4lzoxhib6v61/player) + +&#x200B; + +[posted by cryptocobain on twitter ](https://preview.redd.it/krt20vmld6v61.jpg?width=300&format=pjpg&auto=webp&s=abaf72922be3eaed3b13be0efd26a0caecc0b52e) + +Understandable she cant believe it, Ferguson just created his twitch account few days ago and had 7 followers and now he owns $85,000. + +&#x200B; + +https://preview.redd.it/m23tu5bue6v61.png?width=330&format=png&auto=webp&s=a43b4755a692e44992a2819ce83e37c28f8f3728 + + It just goes to show that one stream on Twitch can completely change your life and that’s exactly what happened here with one of the craziest streamer stories of all time and we are part of it. +My mom started her dental treatment in April including pulling 9 teeth out and 2 partial dentures. Her insurance paid $2,000, and she had to pay the remaining ($2,000) in cash right at front. However, in 1.5 months, all that dental office had done for my mom was just 1 tooth extraction and 2 impressions for upper and lower dentures at the first appointment. After that, they kept telling my mom her case was not ready yet. After waiting for 1.5 months, we came back to the office to get another impression (they told me that the first ones were not taken correctly, so they wanted to retake). When we walked into the treatment room, there was a dead cockroach on the floor, dust everywhere, and blue liquid spilled on the chair. I was disgusted and did not want my mom to continue the treatment. We tried to ask for money back, but it has been more than 6 weeks and they keep telling me the finance person is either on vacation or moving to another department. +My mom is having a hard time eating now, so what can we do? I know the State Board of Dental will not get involved in money dispute, so I'm pretty confused of what to do except calling them numerous times. Also, is it possible to get a full refund back as this was not our fault to refuse the treatment? + +**Update**: sorry for any confusion in the last post, I will try to get it cleared as much as possible + +1) I called the insurance today, and the office only claimed for the extraction and the exam. I should have said $2k was the amount that insurance would pay for the treatment. + +2) Since her total treatment costed $4k, and the insurance would pay a maximum of $2k, my mom paid $2k upfront using her credit card as demanded by the dental office's manager. She claimed that everything would be done in 1 month, and they would send the impressions to the lab right away. + +3) The dead cockroach, the used napkin, the liquid spilled, the rust, the dust were all in patient's room (I also took some pictures), so I think it's reasonable to think this office was dirty. It was dirty in front of the customers, so wouldn't it even be dirtier in the back? +Has anyone realized that the "hype" around these new FinTech banks has died down significantly since 2019/2020? + +For example, amongst friends, there used to be lively debate about which is better and very loyal fans of each bank. Now that conversation seems to have died down. Activity in each respective subreddit is at an all time low, where customers no longer debate new features or talk about what they look forward to - just some complaints here and there, and some random questions here and there. Even in the news, it's mostly about compliance issues and staffing turnover. +I know that there has been discussion of companies in the past, but I'm curious what people think of the Canadian renewable energy sector in the aftermath of the pandemic. I have made some money with Cenovus in the past few months and am looking to reinvest a portion of it elsewhere. + + +What companies have shown strong resiliency, especially given the possible cutback in available government support? + + +Companies I have on my watchlist: Brookfield Renewable, Transalta Renewable, Algonquin, Northland Power. +A financial planner I know posted this on Facebook. I don't agree with all of it, but I thought in general it was the spirit of this sub. + +http://time.com/money/3894599/millionaire-neighbor-money-secrets/?xid=frommoney_soc_socialflow_facebook_money + +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! + +I am 22, no job no degree nothing. couch surf at friends and families house cuz im a bum and the only thing i can afford is $10 a day to invest. I'm that mega broke. Every day I do $3 of btc and $7 of eth a day because that's all I can afford. Is this enough? Or am I just wasting my time? +I am 22, no job no degree nothing. couch surf at friends and families house cuz im a bum and the only thing i can afford is $10 a day to invest. I'm that mega broke. Every day I do $3 of btc and $7 of eth a day because that's all I can afford. Is this enough? Or am I just wasting my time? +Was advised by their Equity Lending team this morning. They will be passing the 25 basis point rate cut from November 1st. Thought some of you may be interested. + +&#x200B; + +\*Edit\* This extends to all of NABs variable rate margin loans from what I understand. Thanks :) +So you're all probably already aware that the ASX is on an absolute dumper of a day - one of the worst days of the past year. As I write this, the ASX200 is currently down just under 3% from yesterday's close. + +What some of you may not know is why this happened. Essentially what it boils down to is the US Federal Reserve releasing the minutes of their December meeting. Link for those interested in the primary source: [here](https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20211215.pdf) Some key takeaways from the minutes: + +* Inflation appears to be more widespread and persistent than the Fed expected (shocked reactions only, thanks 😲) +* Participants noting "significant amount of balance sheet shrinkage could be appropriate over the normalization process, especially in light of abundant liquidity in money markets and elevated usage of the ON RRP facility" (this is the Fed tacitly admitting to there being far too much money running making its way through the economy, makes you wonder where all that liquidity came from?) +* Almost all participants stated that they had revised up their forecasts of inflation for 2022 notably, and many did so for 2023 as well. +* The Committee would quicken the pace of reduction in the Federal Reserve’s net purchases of Treasury securities and agency mortgage-backed securities (MBS), and the median respondent projected net asset purchases to end in March 2022. The median respondent’s projected timing for the first increase in the target range for the federal funds rate also moved earlier from the first quarter of 2023 to June 2022. + +Some of the implications of this, I think, are pretty interesting: + +* A foreign country's Central Bank, announcing that they will taper their asset purchasing program slightly quicker than expected and increase rates slightly faster than anticipated **caused a 3% decline to our stock market in a single day.** A lot of the poopoo-tier investments that run of nothing but speculation and cheap money (read: BNPL) shat the bed even harder. Afterpay down 10% (let's face it though, it's always been a junk investment). +* In light of the above, I think it's clear that despite what regulars on this subreddit will have you believe, market participants believe that QE and low rates have a SUBSTANTIAL effect on asset prices. The mere talk of a reduction in aggressiveness of those in a FOREIGN economy has a led to a fairly sizable single day dip. + +In terms of what I'm doing to mitigate such risks in my portfolio: + +* Increasing exposure to value stocks (particularly essentials - I love WOW). +* Avoiding any speculative stocks, those with extremely high P/E ratios, no profits & tech stocks (exc entrenched players with strong fundamentals like FAANG + MSFT, NVIDIA, AMD, etc). +* Deleveraging + +Feel free to comment whatever you'd like, but I'd be interested in hearing about this sub's thoughts on two issues in particular: + +1. Do you believe the policy of QE and low rates have contributed to distorted asset valuations? +2. Have you taken any steps to mitigate such risks from your portfolio? Why/why not? +Bit of a happy rant here. + +Thanks to the advice in this thread a few months ago. I just closed off my HECS by making a final voluntary payment before indexation ~~(1st May)~~ (1st June) + +It feels good to pay back the Tax payer, I feel humbled for the opportunity to take such a substantial debt and the trust placed within me to pay it back once I start earning a decent salary. + +It's been a long 5 years with seeing that extra bit taken out of my pay. Now I can relax, 100% Debt free! Next step FI! + +Edit: date + +Edit2: Thanks for all the congrats guys =3 +So a few weeks ago my boyfriend was in a serious car accident and had to have a leg amputated. He’ll be permanently disabled for the rest of his life obviously. + +He’s just turned 20 and has no family, so there’s no one to oversee his care other than me. + +He was working as a scaffolder for a friend, so no sick pay. He was renting a room but when it became clear he was going to be in the hospital for the foreseeable future he let them know he was giving it up. + +I basically feel overwhelmed with how to handle the situation and need advice on several things: + +1. I need to start Universal Credit & PIP applications for him but not sure how it all works while he’s at the hospital and doesn’t have an address. + +2. His housing situation - he doesn’t have anywhere to go after they release him from the hospital - can they just put him on the street? I live at home with parents in a flat on the third story, so he can’t move in with me. I’m guessing he will need a council place on the ground floor, and probably 2 bed because he will need a live in carer, especially for the first year. How do I start the process for that? How do I phrase it so he gets what he needs? + +3. He has had some advice from the hospital but the unhelpful thing is that random people will come and talk to him while I’m not there, not leave any contact info, and then when he repeats it back to me he’s not with it enough to process what they’ve said. Is there a way to make the hospital include me in conversations like that? I need to get registered as his carer I guess. But should he have some sort of key worker or social worker to coordinate things for him? + +I’m probably forgetting a load of stuff and some of this isn’t strictly finance related, but I appreciate any advice you have. +*Obviously you have some tough bosses that want you to downvote everything positive and spread FUD. I just wanted to say that actually totally cool with me. You see, if you are here instead of getting coffee for them we must be really disrupting them.* + +*Did you ever imagine your hard to get coveted finance internship would result to you having to troll on reddit? Man that would be a re-evaluation point for me ya know? I don't expect you to quit, or stop, or even tell your boss its wrong. You are entitled to the progress you make in your life, and GME will just be a blip on your journey.* + +*I just ask that you remember one thing from all this. The little guy is not your enemy, and you should do everything in your power to defend them. Hell, your'e probably just like us to some degree either now or in the past. The lucrative career path you chose and worked hard for will deliver the tendies, but don't forget the little guy.* + +***When you forget or try to take advantage of the little guy you have to delegate interns to reddit trolling. Don't repeat this cycle.*** +As the title states, if you have autopay and paperless billing enabled for an Xfinity service, then you are eligible for a $10 discount. I had to call their customer services to ask why I wasn't getting this discount and was given some explanation of being in a 'grandfather plan' aka not a new customer. The discount applies to all their plans and customers. They transferred me to the 'new plan' (there is no change in plan name and billing, so this sounds like bs) and it will take 45 days (not sure why so long) for their system to recognize I have autopay on and apply the discount. + +Edit - Go to your account > Billings. On the right click on Service rates in my area. It will download a PDF which should list the discounts available to you. +So we weren't expecting this at all. But we have been tired of renting because we have a young family and it's just such a pain sometimes the places we've lived at not having enough space and having all sorts of rules to follow. But we figured we were stuck renting cause my credit got destroyed about 2 years ago. + +But we threw an application in at a mobile home place and we got approved for a double wide we want! The interest rate is "high" at 8%. And we have to put a larger downpayment down. But were just estatic we got approved and we will definitely be refinancing for a lower rate in a few years. + +I just wanted to tell somebody! +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. +Allright so I see a lot of back and forth here based on yield and growth and I just wanted to understand why you'd pick growth stocks over the yield. As of now im 18 and reasonably don't have much money to invest. I pick up my high yields and hold them and distribute the money accordingly, however I always see you guys rambling about how SCHD and VTI provide better yields but at the same time talk about a measly 2/3% return on the div. And while I understand that the growth is what makes the difference why not by an mlp that will give you gains no matter what if you hold it long enough? And from what I've seen renewable mlps seem to also appreciate better than their oil counterparts (just staring at charts). So once again why is growth with a poor payout a better choice? +Many other east asian nations are developed, and are showing western levels of GDP growth now. However their per capita income is all over the map. + +In nominal values: + +Taiwan - around $22k +South Korea - around $30k +Japan - around $50k +Singapore - around $54k + +Can any of that be used to predict when China's economy will be so large that they start experiencing western levels of growth rather than developing nation levels of growth? Or is China's economy so different from nearby east asian nations that you can't compare? + +I was assuming China would see 5-7% GDP growth rates until their per capita GDP hits about $20k in nominal values. Then maybe drop to 3%. Is that a fair assessment, or is that baseless? + +What I'm wondering is will China's economy continue to grow until it is on par with places like the US or Japan ($50k in nominal terms, or whatever the value is in 20-30 years) or will China's economy start to stall once they hit the high teens in per capita income? The difference between a Chinese economy with a per capita GDP of 18k and one with a per capita GDP of 54k is an economy that is worth about 23 trillion vs 65 trillion. +I'm relatively liberal, but I like to keep an open mind and respect expert advice. + +I've heard a little bit about eliminating corporate taxes that sounded intriguing but haven't had much luck finding solid commentary regarding the issue. What are your thoughts and do you have resources I might read up on? + +My general thought is that things like capital gains taxes could be raised to make up the difference. My concern is that it would ultimately put more of the tax burden on the middle and lower classes. +Regional and national construction companies will work on a thinner margin - under 5% - whereas smaller firms or smaller projects can achieve many times that. (Talking about % of job revenue here) + +This seems to fly in the face of the theory that average costs decrease as scale increases. + +Source: I do the books for a construction company and the smaller projects have more margin at the end, whereas margins on bigger projects and the accounts of bigger firms I've seen are typically much thinner. + +In trying to find a sweet spot for what projects this firm should take on this has come up as a sticking point. +Hi Economics People, I am a physicist i.e. my comfort level with numbers is very high. I want to learn economics. Let me clarify, I do NOT want to be an armchair economist. I want to learn all economics one learns in a bachelor of economics degree. I am looking for material for this undertaking. What do you suggest? Books are alright, online material is preferred because I'm pretty broke. Thanks, big fan. + +Update: Just an edit to thank everyone who commented. It is incredibly cool to be able to go online, ask strangers for help and be obliged. The wonders of the internet constantly baffle me! +So I’m an 18 year old and aspire to move into academic economics as I grow older. I’ve been wondering that, since China seems to be becoming so significant, in a few decades perhaps we won’t be as fortunate as now and some of the best economists will be Chinese. And rather than publish in English and in our typical journals as we do now, they will move into equally important Chinese institutions where they work in Chinese. This would obviously create a big language barrier. Should we be preparing for that new world and learning new languages to adjust in the future academic world? +Looking through the "42 economists agree tax bill bad' threads, it struck me that I could not recall any articles along the lines of "97% of Economists believe 'this and that' should be done to help the US economy". + +So...what is the consensus of economists around what America should do to secure multigenerational increasing prosperity for a supermajority of American citizens? +I've been doing some research recently, and I found that despite popular opinion, [real median income](https://fred.stlouisfed.org/series/MEHOINUSA672N) is increasing. However, this is at conflict with what I've generally seen/heard about, which is families needing to work multiple jobs to support themselves/pay bills. +What is the explanation for this? How are people struggling to get by even as median incomes increase? +Hello, can someone please ELI5 what happend when the fed printed money just now. Who get's the money? Do they need to pay them back? What can they do with the money? Is it possible that I somehow come in contact with that money? +I was wondering why we usually only see mutual insurance companies, and not more mutual utilities companies for example. Why not say replace PG&E in california with a mutual power company? +I dont even know if it has a name or if this is the right place to ask, but Im writing a paper on small towns that rely on big business if that makes sense, and it would be easier to do research if I knew exactly what to look for. To try and give an example: everyone in the town works in a factory for one central purpose and if that factory were to close down, many would be unemployed. Thanks! + +Btw. I know next to nothing about economics, so if someone wants to talk about this more, it would be greatly appreciated! +Hi Economics People, I am a physicist i.e. my comfort level with numbers is very high. I want to learn economics. Let me clarify, I do NOT want to be an armchair economist. I want to learn all economics one learns in a bachelor of economics degree. I am looking for material for this undertaking. What do you suggest? Books are alright, online material is preferred because I'm pretty broke. Thanks, big fan. + +Update: Just an edit to thank everyone who commented. It is incredibly cool to be able to go online, ask strangers for help and be obliged. The wonders of the internet constantly baffle me! + [https://www.google.com/publicdata/explore?ds=d5bncppjof8f9\_&met\_y=ny\_gdp\_pcap\_cd&idim=country:ESP:PRT:ITA&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met\_y=ny\_gdp\_pcap\_cd&scale\_y=lin&ind\_y=false&rdim=region&idim=country:ESP:ITA:FRA:DEU&ifdim=region&hl=en\_US&dl=en&ind=false](https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:ESP:PRT:ITA&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_pcap_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:ESP:ITA:FRA:DEU&ifdim=region&hl=en_US&dl=en&ind=false) + +&#x200B; + +Looking at the GDP per capita of several European countries, it seems obvious that the more north you are, the better recovery you had since the Great Recession. Even excluding Greece, which is still going through a catastrophic economic decline, major countries like Italy or Spain are considerably below their peak. Many have blamed the Euro, or rigid labor markets, or corruption, or political instability - but what really were the major causes? +Unemployment is super low, even while labor force participation is increasing. The CPI is only 1.6% which is below the Fed's target, but that is held down by a 3.4% drop in energy prices. + +It seems like energy prices are held down by state and federal policies to build new clean infrastructure, so they are working. + +Why does everyone expect a cut? +If you look at ruble price charts, the 30% depreciation occurs almost instantly at today's market open. In the month before, by contrast, the ruble had been fairly stable (although it had fallen approximately 10% in the previous month as Russia geared up to invade). Does this suggest that the sanctions were a genuine shock to the market? Even though central bank sanctions and the SWIFT ban are historically very punitive sanctions, they have been discussed quite widely for over a week and I would have expected high volatility and a sharp but comparatively gradual decline over the last week as sanctions were proposed, ratified then enacted. + +So my question is. Does this price movement indicate that markets and ruble holders were genuinely shocked by the imposition of strong currency sanctions and had only "priced in" relatively weak measures; or is there something else at play? +I am running a snack bar for my office and do the shopping at Sam's Club. The pallets of soda are $11.52 for a 35 pack which is $0.329/soda. Standard 12 packs from Walmart are $3.68 which is $0.307/soda which is about 7.3% lower than Wholesale. Any ideas? +#### [New Post - Updated and reposted version as of 2021-05-20](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) <-- all updates will be made there. + +**TL;DR: DTCC & Wall St want key things in place before GME unwinds:** + +## 1 - Rules of Engagement + +## 2 - Funding + +## 3 - Cover Story for Timing + +## 4 - Avoiding Perception of Responsibility + +**Official notice that this is not financial advice, etc etc. I have no idea if any of this is indeed why these things are happening, or if they are even what I think they are. I bought a handful of shares before DFV's Congressional hearing because something seemed fucky, and that was my first stock purchase EVER. If you make financial decisions off of this speculation, you probably do eat crayons like me. I am literally just some Ape on the internet mashing buttons and you're gonna have to explain to your wife's boyfriend why you took this as advice and then spent your whole allowance already this week.** + +So this [last post](https://reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) from u/c-digs is about as close as anyone has come to my personal theory that there is a literal checklist somewhere that is getting marked off before this is allowed to unravel. The DTCC and Wall St (and probably the SEC) definitely do not want this spring to unwind before they are ready, and certainly not in a way in which they don't feel they are in control. These players are Big Corporate dicks with Big Corporate mindsets, and its my bet that they don't do anything without a plan that at least addresses all eventualities. + +However, as it is now probably alarmingly clear to them this isn't just gonna go away on its own (cue Apes waving from the windows of the rocket sitting on the launchpad), the DTCC and pals are now scrambling to get the last things in place before somebody trips over the cord to the shredder at 3am and lands on the launch button. + +I think the list goes something like this, but am intending this to be **a crowdsourced document** because there is no way I can keep this all straight on my own, and the GME Investor community has done so so much great DD already. There is definitely more to add in terms of DTCC / OCC / NSCC / SEC rules, and please comment with additional items & sources and I'll try to keep up with editing them into the list. Compiling it here can probably help determine just how close GME probably is to liftoff. It feels like we aren't that far from it now. + +## 1 - Rules of Engagement + +**Opinon - Status: No-Go for Launch** +DTCC would benefit most if new rules about payments in a member default situation are in effect prior to launch. + +✅ = in effect now +❌ = pending review / revision + +### To Cover DTCC's own ass + +* **SR-DTC-2021-003: Obligation to Reconcile Activity on a Regular Basis** +*The "You're gonna report your risk daily now, you little shits" Rule.* +Filed 2021-03-09, Effective 2021-03-16 ✅ +[src](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/) + +* **SR-DTC-2021-004: Amend the Recovery & Wind-down Plan** +*The "We'll liquidate your asse(t)s if you default, then make your pals chip in, before we pay a dime ourselves" Rule.* +Also stipulates what the DTCC is willing to cover when reconciling, as in only shares on the books, and why you (yes you Ape) should have a cash account and not a margin account. +Filed 2021-03-29, Effective Immediately ✅ +[src](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +* **SR-DTC-2021-005** *Removed by DTCC for Review* +*The "We're tagging the shares you lend out so you can't do it more than once" Rule.* +Filed 2021-04-01, Removed for further Review ^src-1 / **Now Expected week of April 26th-30th** ^src-2 ❌ +[src-1](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/), [src-2](https://www.reddit.com/r/Superstonk/comments/mwzria/update_2_on_dtc2021005_the_filing_will_probably/) + +* **SR-DTC-2021-006: Remove the Security Holder Tracking Service** +*The "We're dropping the old way of tracking shares, cause it didn't work well, and DTC-2021-005 will do it better" Rule.* +It was speculated in another post that the old system of tracking needed to be removed so there was no conflict in implementing DTC-2021-005 (I can't find that post here on reddit anymore, src needed!). It's likely that this could pave the way for 005 to be implemented. +Filed 2021-04-22, Effective Immediately ✅ +[src](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) <- also my post + +* **SR-DTC-2021-007: Update the DTC Corporate Actions Distributions Service Guide** +*The "Stop bickering back and forth over the manual adjustments to your peer to peer trade records via the dumb APO method, and just use the GD computer validated Claim Connect system, please" Rule.* +Way to make a super vague title DTC... This is mostly about borrowed shares and updating who pays how much when circumstances - like rates - change. The old system (APO) needed both parties to just agree on the adjustments and one side could only submit an adjustment at a time, so it was rarely agreed upon in one pass and the bad guys could likely stall with many back and forths. To me this reads as a please use this better thing now, because APO will go away on July 9th 2021 so you'll have to use Claim Connect by then anyways. Since the lender is likely incentivized to use the new system, it may get adopted in higher numbers sooner. +Filed 2021-04-30, Effective Immediately, Mandatory 2021-07-09 ✅ +[src](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-007), [Explainer post](https://www.reddit.com/r/Superstonk/comments/n28jes/new_dtc_regulation_posted_srdtc2021007/) + +* **Exchange Act Rule 15c3-3 Compliance Letter: Staff Statement on Fully Paid Lending** +*The "We're making you keep full collateral on hand for your shit, you've got six months to get it together" letter.* +Letter sent 2020-10-22, Effective 2021-04-22 ✅ +[src](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) + +* **SR-NSCC-2021-002: Amend the Supplemental Liquidity Deposit Requirements** *Pending* +*The "We'll margin call you're ass if your new daily reports say you're overextended and make us feel scared" Rule.* +Works in conjunction with DTC-2021-003. This rule now appears to be clear to be acted on by the SEC. +Possible insight on why this may have been strategically delayed, via /u/yosaso ^src-4 +NSCC-2021-801 Gave Advance Notice of this, and as of 2021-05-04 is cleared to be included with NSC-2021-002. ^src-2 +Filed 2021-03-05, Comment Period Extended to 05-31 / Expected action on or before 2021-06-21 ^src-3 ❌ +[src](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/), [src-3](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf), [src-4](https://www.reddit.com/r/Superstonk/comments/n67h63/the_reason_why_may_4th_was_important/) + +* **SR-NSCC-2021-004: Amend the Recovery & Wind-down Plan** +*The "Just so we're clear about stocks specifically, we're really serious about us not paying for your fuckups unless we have to rule" Rule.* +Works in conjunction with DTC-2021-004, but this is specific to securities and was filed first. ^src-1 This ALSO has language in it about clarifying the mass transfer of customer accounts from a failing member to a stable member. ^src-2 +Filed 2021-03-05, Effective 2021-03-18 ✅ +[src-1](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/mvybgf/sec_is_expecting_the_need_for_a_mass_emergency/) + +* **NSCC-2021-005: Increase the NSCC’s Minimum Required Fund Deposit** +*The "We're gonna up your minimum deposit with us from an hysterically low $10K each, to an almost certainly still not enough $250k each" Rule.* +DTCC has submitted this to SEC, but SEC has not approved / published yet, so details may change. ^src-1 +Submitted 2021-04-26, Approved: Pending, Effective: Approval + 20days ❌ +[src-1](https://www.dtcc.com/legal), [Explainer post](https://www.reddit.com/r/Superstonk/comments/mz9gl6/nscc2021005_has_been_signed_today_implementation/) + +* **SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall** *Pending* +*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.* +This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation. +Filed 2021-02-24, Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed) ❌ +[src](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/) + +### To cover the non-defaulting members, and the market in general as best as possible + +* **SR-OCC-2021-004: Revisions to OCC's Auction Participation Requirements** *Pending* +*The "Everyone can come to the feeding frenzy party when we liquidate one of you idiots" Rule.* +Allows more firms that were traditionally excluded from an auction of this type to now join in, probably making the market wide bleeding end sooner, and retain more value overall. +Filed 2021-03-19, Effective on or before 2021-05-21 ❌ +[src](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +### Non-regulation / Other Announcments + +**GOV-1085-21: DTCC / FICC White Paper Announcing WABR added as a Sponsored Member** +WABR Cayman Limited is a firm specializing in helping Institutional Sales Traders in times of "thin markets". u/stellarEVH explains: +*"When a company needs to quickly pay off their debts as in the case of a margin call, it can be challenging for them to gather all the money from their various investments. There are firms in place that are specialized in liquidating their portfolio in a manner to minimize market impact while they pay off their debt."* +Announced 2021-04-23, Effective 2021-04-29 +[src](https://www.dtcc.com/-/media/Files/pdf/2021/4/23/GOV1085-21PDF.PDF), via [this post & comments](https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/), linked from [It's Just a Bug, Bro Part 6 - Bug Spray Edition](https://www.reddit.com/r/Superstonk/comments/myl37p/its_just_a_bug_bro_part_6_bug_spray_edition/) +[Additional info on who WABR is](https://reddit.com/r/Superstonk/comments/mz4oza/the_rabbit_hole_of_wabr_cayman_company_limited/) 👀 *Spidey senses are tingling* +>!*I love this community*!< + +**MBS978-21: FICC Notice on MBSD Intraday Mark-to-Market Charge - Timing of Intraday Collection** +*We've been lenient for the past year cause shit was wack, but we're going back on that regular hourly assesment for margins.* +"Starting on May 3, 2021, the fixed time of 1:00PM will be eliminated and the MBSD Intraday Mark-to-Market Charge will return to an hourly assessment." This combined with other things will tighten the screws. +/u/stellarEVH bringing that good good again: *"For example, it’ll be much harder to short GameStop and/or trade in dark pools when you’re expected to cover your margin every hour. For the last year, they’ve only needed to prove they were covered at 1pm."* +Notice Date 2021-04-21, Effective 2021-05-03 ✅ +[src post](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/), [explainer comment](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/gwr8n2a?utm_source=share&utm_medium=web2x&context=3) + +*(please help me fill in other important rules via comments)* + +## 2 - Funding + +**Opinion - Status: Go for Launch** +SR-DTC-2021-004 was likely the big one here, but SR-OCC-2021-004 would be very handy in the aftermath so it's maybe 70/30 in my eyes. + +### To pay out for shares of GME + +* [SHF Pulling money from crypt0](https://finance.yahoo.com/news/bitcoin-doge-ethereum-ripple-price-monday-19-april-crypto-latest-081427050.html) +* SHF Pump and Dump on other stocks +* SHF Liquidate other Assets Under Management (market-wide dive on 2021-04-22?) [Citadel Sell-off?](https://www.reddit.com/r/Superstonk/comments/n0fwx2/kenny_might_be_in_a_bit_of_a_pickle_right_now/) +* DTCC Wind Down and Recovery Strategy (SR-DTC-2021-004) +* *(other suggestions w/ sources wanted)* + +### Secure cash to buy up liquidated assets to prevent total market collapse + +* [Big Banks do a Bond Sales](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/), [Citigroup: "Me Too!"](https://www.reddit.com/r/Superstonk/comments/mzvcli/citigroup_borrowing_55_billion_in_latest_bank/) + * Need plausible reasons for making those sales such as earnings report, or LIBOR to SOFR switch, or *insert wildcard like $50 Bil Football League*, etc ... +* Banks Re-Structuring / Netting [src](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) +* New DTCC Rule SR-OCC-2021-004 allowing more players at the auction of the defaulting member's assets ❌ + +## 3 - Cover for Timing of Launch + +**Opinion - Status: No-Go for Launch** +This will likely be the very last one, and we'll only know what they will use as an excuse once it's started. I think all the other pieces would need to be in place for them to feel most confident to light the fuse. This will be more oportunistic in nature, I think. + +Ideally a plausible Corporate or Market Event that the stock price “should” respond to in order to initiate without the timing looking SUS AF and destabilizing broader market due to fear systemic problems. + +* Corporate: AGM Voting Proxy Release +* Corporate: Dividend Issue +* Corporate: Major Partner Announcement +* Market: Global Supply Chain Issue +* [Liquidity Stress Test - April 26th, 2021](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/) + Note: the post title says 4 months early but over the last 8 years, its typically been a late April event. 2019/2020 in August appear to be anomolies. +* Government: [POTUS joint address to Congress](https://apnews.com/article/joe-biden-nancy-pelosi-coronavirus-pandemic-267e753a5d1ab7a72d3274728b25f63c) + Green New Deal? Capital Gains Announcement [similar to BS on 2021-04-22?](https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy) +* Government: [2021-05-06 Congressional Hearing with SEC / Gensler, DTCC / Bodson, FINRA / Cook.](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407762) +* Government: [2021-05-27 Congressional Hearing with Big Banks](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407740) +* *(other suggestions wanted)* + +## 4 - Fallguy, and the Lack of Prevention + +**Opinion - Status: Go for Launch** +While they will likely have a fallguy decided upon prior to launch, I don't see it as a necessity that would delay it, certainly not like the Rules of Engagement or Funding would. I also think that nothing would keep them from changing the story if something else influences the narrative in an acceptable way shortly after liftoff. + +### Blame! + +After the market pain is significant enough that the public wants answers, why not lay all the blame on bad actors, and defer attention from the system to try to avoid additional exterior regulation. + +* SHFs (now liquidated) as overly greedy and got what they deserved +* Retail (as Anarchists, or greedy and oportunistic) + * [Forbes article on January Gamma Squeeze](https://www.reddit.com/r/Superstonk/comments/mvf7r3/forbes_reminder_as_we_hodl_towards_the_moass_gme/gvc5c8f/?context=3) +* Foreign Actors trying to destabilize the US Markets +* *(other suggestions w/ sources wanted)* + +### Control Public Image of the System via PR +* DTCC: ["We're doing a great job! Take our word for it!"](https://www.reddit.com/r/Superstonk/comments/mvozps/dtcc_trying_to_get_ahead_of_the_story_the_most/?utm_medium=android_app&utm_source=share) +* DTCC: "We're announcing our plan to keep working on a plan to kind of band-aid a problem that's pretty bad and we've known about for awhile, and like we have definitely been talking about it and stuff, but now we're like really gonna talk about it using words like "in-depth analysis" cause up to now we were mostly just talking about it like how you tell that one friend *"yeah, we should totally hang out soon"* and then you never do, but not now cause we're serious now, and it's definitely not because we've gotta talk to the US Congress this week or anything. Like, honestly." AKA [the DTCC's T+1 Settlement Plan.](https://www.reddit.com/r/Superstonk/comments/n5b91j/dtcc_rolls_out_plan_and_faq_for_a_new_t1/) + +&nbsp; +&nbsp; + +--- + +# *...Meanwhile, at the SEC* + +"Let's at least *look* like we aren't asleep at the wheel here, lads" + +* [Whistleblower Awards](https://www.reddit.com/r/Superstonk/comments/mrfxvg/secgov_sec_awards_over_50_million_to_joint/) +* [Closed door meetings](https://www.reddit.com/r/GME/comments/mihiv9/another_sec_closed_door_meeting_scheduled_for_48/) +* [2021-05-13 Sunshine Act Meeting - Scheduled](https://www.sec.gov/news/closedmeetings/2021/ssamtg051321.htm), postponed 4 times... so far! +* Speech by SEC Commissioner Peirce inlcuding the line that the SEC is *"working on a report about the events related to meme stock trading earlier this year, and some regulatory initiatives may come out of that work."* and a few other statements about how the SEC shouldn't be concerned with firms loosing money... aka Tough Titties Archegos, et al. +[src post](https://www.reddit.com/r/Superstonk/comments/n2ax63/something_apes_missed_read_this/) + +&nbsp; +&nbsp; + +--- +&nbsp; + +Any and all additions you think may belong on this list, feel free to put in the comments, and I'll try to update and give credit where possible. If I got any of these wrong, or you've found better links that explain the rules, let me know in the comments and I'll make those edits. + +Big contributions from previous work on Recent Filings by /u/Antioch_Orontes [here:](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) + +&#x200B; + +Edit 1 on 2021-04-22: +Minor formatting. + +Edit 2 on 2021-04-22: +Added NSCC-2021-801 note to the Finalized NSCC-2021-002 entry + +Edit 3 on 2021-04-22: +Added link to DTC-2021-003, Emojis + +Edit 4 on 2021-04-22: +Change NSCC-2021-002 to Pending - thanks /u/TensionCareful + +Edit 5 on 2021-04-22: +Added DTCC PR Campaign - thanks /u/vizsla_velcro, Added Global Supply Chain as possible launch cover - thanks /u/GrizzlyMagnum91, updated to "expected no later than" on OCC-2021-003 - thanks /u/slamweiss + +Edit 6 on 2021-04-22: +Updated NSCC-2021-004 with more info from a post by /u/ecliptic10, that makes the mass transfer of customers from a failing broker to now be considered a Critical Service which are necessary functions of NSCC that can't NOT be done. Looks like more preparing for catastrophe. + +Edit 7 on 2021-04-22: +Added SR-DTC-2021-006 effective immediately (April 22nd), which ends the old security holder tracking service, possibly making way for DTC-2021-005 which is the new tagging system for loaned shares. + +Edit 8 on 2021-04-24: +Updated expected date on SR-DTC-2021-005 refiling and sources, added DTCC planned stress test for 2021-04-26, notes on expected dates of other pending rules, MY OPINION on each category's status for launch, other link for sources. + +Edit 9 on 2021-04-26: +Added GOV1085-21 White Paper on WABR addied as new DTCC Member. Added DTCC non-reg announcements section. + +Edit 10 on 2021-04-28: +Added dates to these Edits for clarity. Added DTCC filing of NSCC-2021-005. Added POTUS address to Congress as possible cover story for major market movements. Added Citigroup Bond offering, possible Citadel sell-off. + +Edit 11 on 2021-05-02: +Added SR-DTC-2021-007. Updated date for postponed SEC closed door meeting. Added SEC Speech by Commissioner Pierce. Added upcoming congressional hearings - thanks /u/daveeyboy. + +Edit 12 on 2021-05-03: +Updated effective date of SR-OCC-2021-004. Added MBS978-21 FICC Notice via /u/stellarEVH. + +Edit 13 on 2021-05-05: +Updates NSCC-2021-801 as in the clear in Section 1. Added DTCC's T+1 Settlement Plan announcement about kind of having a plan soon in Section 4. + +Edit 14 on 2021-05-07: +NSCC-2021-002 officially delayed as far as June 21, 2021. Sunshine meeting for today postponed again. + +Edit 15 on 2021-05-20: +Major revisions made and then reposted [here](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) +Not just GME but everything! Heel my foaming at the mouth lawyers. "Heresy!" one is exclaiming from one of the 10 foot tall, 37 floors . Alas, here I am stating that Ken Griffins Citadel has been stealing from you. What specifically? + +Price Discovery. + +I can understand that some are rolling their eyes and likely even saying "'take off the tinfoil hat" but how do you dispute all of the links that I have provided to this point herein and previously? Citadel has been stealing price discovery. This 2010 Academic study suggests that short sellers play an important role in the price discovery process and that short sellers trading activity makes prices more informationally efficient. In the study, tests taken together, these different approaches all suggest that short sellers’ trading contributes significantly to price discovery in equity markets. Short selling is associated with more efficient pricing - in the sense that prices appear to be closer to efficient or fundamental values when short sellers are more active. In contrast, we find no evidence that hints at price destabilizing or manipulative trading by short sellers. + +Till now. I submit that now, over a decade since Boehmer and Wu's "study", there exists an abundance of evidence (not only hinting at) of price destabilizing and manipulative trading by short sellers. + +How can there be price discovery if there is a 60-70 short % (based on the amount of volume shorted) with 50% of trades going through Dark Pools (data taken from sec.gov, yahoo.com, shortvolumes.com, Interactive Brokers, Market Chameleon and etfdb.com)? In fact, 80% of retail trades do not affect the price at all. According to Q1 data from the SEC, between 80-90% of trades in GameStop after the January squeeze are "Odd Lot" trades. Odd Lot trades are trades under 100 shares. "Hey 'Just a random IT dude', proof?" + +No alt text provided for this image +"I too can input random numbers into a spreadsheet" one may say; but so can the US SEC SEC.gov | Metrics by Individual Security. Odd Lots have another effect that prejudice retail investors. From FINRA's FAQ on Market Transparency Reporting, Section 310, A310.3 we find this: + +"odd lot transactions do not update the high, low and last sale price for the security" +Yes, you read that right! 80-90% of trades in GME have absolutely no effect whatsoever on the price. Interest from retail, because we deal with smaller lots than 100 shares, has no effect. The rules of Supply and Demand are suspended because of the rules in place. Through further studying the odd lot rate for three tickers, a story unfolds. + +No alt text provided for this image +GME: 80-90% odd lot rate since January shows a great deal of retail interest still exists (most definitely a buy). Odd lots are also a sign of HFT, so they are likely contributing to this high % as well. + +TSLA: HFT is associated with odd lots to take advantage of the whole NBBO situation, so no surprise it’s consistently at ~90% along with the fact TSLA is what I view as an O.G. meme stock, so naturally, lots of retail. + +MovieStock: Given it has returned back to its lows of 30% in July 2020, inconclusive for now. Just one data point. Let's see what the next two show until we fully speculate. + +AAPL: Who knows, no one follows stocks. + +(Odd Lots Show that GME Interest is Not Subsiding | SEC Market Structure Data : Superstonk (reddit.com)) + +Even worse is that odd lot trades done in ATS (Dark Pools) might not even make it onto the consolidated tape based on page 10 of Alternative Trading Systems: Description of ATS Trading in National Market System Stocks + +This subsample also excludes trades of less than 100 shares (which are generally not required to be reported to the consolidated tape) + +Then to compound this all, Citadel Connect and Dark Pools are uncovered. Tim Fries (In-Depth: Citadel Connect and Dark Pools Uncovered - The Tokenist) explains it very well. Aside from being a dark pool operated by Citadel Securities, Citadel is the largest Designated Market Maker (DMM) on the NYSE, and accounting for 47% of US-based retail trading volume, Citadel Securities LLC also accounted for a significant portion of Robinhood’s Q1 2021 revenue thanks to Robinhood’s PFOF (payment for order flow) business model. PFOF is a highly controversial practice (pioneered by Bernie Madoff - TULLY, SHAWN (March 1, 2021)) because it tends to cause conflict of interest, which is why it is illegal in many Western nations (the UK, Canada and Australia). Here's the thing. Citadel Connect is not registered as an ATS, nor does it report its trading volume to FINRA, which is (apparently) overseen by the SEC. SEC Chair Gary Gensler differentiated between dark pools (ATSs) and off-exchange wholesalers, observing that: + +“That leaves about 38 percent, most of which was executed by off-exchange wholesalers. Just seven wholesalers accounted for the vast majority of this group…Within the off-exchange market maker space, we are seeing concentration. One firm has publicly stated that it executes nearly half of all retail volume.” +Can a Dark Pool be abused? Did you read my last article and see what sort of people are in control of the market with me providing some of the fines and crimes? + +On October 3, 2012, SEC charged eBX LLC for failing to protect the confidential information of its subscribers, allowing third parties to use the information. +On June 6, 2014, SEC charged a New York broker for mishandling confidential information and using it for marketing purposes. +On January 15, 2015, SEC charged UBS Securities LLC for failing to disclose an order type that it pitched exclusively to market makers. +On August 12, 2015, SEC charged ITG and AlterNet Securities for operating a secret trading desk and misusing confidential trading data. +On January 31, 2016, SEC charged Barkley Capital and Credit Suisse for numerous violations, among them executing 117 million illegal sub-penny orders. +On September 14, 2018, SEC charged Citigroup for misleading dark pool users and routing orders in other trading venues. +On November 7, 2018, SEC charged ITG and AlterNet Securities again for similar violations as the last time. +I touch upon it later on but Citadel is paying for Order Flow from NINE ONLINE BROKERS too + +E*TRADE + +TD AMERITRADE + +Charles Schwab + +Webull (download the zip file for Q4 2020) + +Ally Invest + +Firstrade Securities + +Fidelity (routing stock & options orders, but only being paid for options, thanks Fidelity...) + +TradeStation + +Prove to me how Citadel is not stealing Price Discovery. I'll wait. + + + +Manipulation is the foundation that runs the US stock market. + +In my last article, I made note of Merrill Lynch Professional Clearing Corp, Royal Bank of Canada Capital Markets, LLC, Goldman Sachs with violations. These are violations that take post 2008; nothing has been learned. Did you know a Merrill Gold Trader's chat exposed how easy it is to manipulate the market? ("I F..k The Markets Around A Lot" - Merrill Gold Trader's Chat Exposes "How Easy It Is" To Manipulate Metals Markets | ZeroHedge) + +Bloomberg's Bre Bradham reports, chat logs introduced as evidence against Edward Bases and John Pacilio showed the two traders bragging about how easy it is to manipulate prices. + +"...that does show u how easy it is to manipulate it sometimes," Bases wrote minutes after one such manipulation. +“I f..k the mkt around a lot,” Bases said in another message. +That's only one incident though. How about these; + +Gold Manipulators Busted After Zero Hedge Report On Flagrant Gold Spoofing +Gold Manipulation, Spoofing Futures And Banging Fixes: Same Banks, Same Trading Desks +Feds Crack Down On Traders "Spoofing" To Manipulate Prices Amid Record Number Of Cases +Deutsche Bank Gold Manipulator: "Spoofing Was So Commonplace I Figured It Was OK" +Former Deutsche Bank Traders Convicted Of Fraud For Spoofing Precious Metals Between 2008 And 2013 +JPM Pays Record $1 Billion Fine; Admits Spoofing Of Gold And Treasuries +Or how about how Deutsche Bank enabled a massive US Ponzi Scheme > https://finance.yahoo.com/news/deutsche-bank-enabled-massive-u-115237119.html + +In the previous article, I covered some FINRA fines. With that knowledge, I would encourage folks to watch this AMA for Wes Christian hosted by Dave Lauer. He talks about the number of occurrences where the actual short interest is severely understated based on the data his firm obtained for legal proceedings. According to his numbers, in most cases the short interest is 50% - 150% MORE than what is reported by the SEC (starting at 14:30). + +The objective isn’t to address the issue: it’s to keep the issue hidden. Firms that underreport their short interest are gaming the system by taking advantage of how the short interest calculation is done. When the SEC relies on reports that broker-dealers provide, and FINRA takes YEARS to reveal the lies within those reports, the broker-dealer can lie without immediately facing the consequences. It allows these firms to operate in a high-risk environment without exposing just HOW big their risk-appetite is (House of Cards - Part 3 : Superstonk (reddit.com). One example used by Wes was for Merrill Lynch who was fined $415,000,000. + +No alt text provided for this image +Remember when we mentioned SEA 15c3-3 in the case with Apex? They were asking customers to book short positions to either a cash account or a short margin account. SEA 15c3-3 protects those customers from allowing brokers to lend out the securities within their cash accounts...Merrill Lynch "Hold my beer"... + +No alt text provided for this image +Merrill made it seem like the required deposit in their customer reserve account was much lower than it truly was. They wouldn’t have been able to use that cash if it reduced the amount below the minimum capital requirement, so they found a way to mess with the numbers. In doing so, they managed to prevent a CODE RED while reaping the benefits of a high-risk ‘opportunity’. Should Merrill have filed bankruptcy during that time, those customers would have been completely blindsided. + +In the case of short selling, the true exposure of short interest is unknown… Atobitt wasn't just talking about the short sale indicator. When a firm fails to deliver securities that were sold short, there’s a pretty good indication that they’ve exposed themselves to a bit of a problem. Now imagine a case where the FTDs start piling up and they STILL continue to short sell that same security.. are you thinking this is a joke? Take a look at Royal Bank of Canada + +No alt text provided for this image +That was a shocking one but the crown definitely belongs to Goldman Sachs + +No alt text provided for this image +Goldman had 68 occasions in 4 months where they didn’t close a failure-to-deliver. In 45 occasions, they CONTINUED to accept customer short sale orders in securities which it had an active failure-to-deliver. + +When a firm is really starting to sweat, they pull certain tricks out of thin air to quell the situation. Again, this is nothing but smoke and mirrors because that’s all they can really do. Just as Merrill Lynch artificially lowered their customer reserve deposit, other firms make it look like they cover their short positions. + +One of the ways they do this is by short selling a WHOLE LOAD of shares right before a buy-in… Since we’re talking about Goldman Sachs, this seems like a great time to showcase their experience with this. + +No alt text provided for this image +With this amazing research from Atobitt, the following quote of his is the equivalent of a mic hitting the floor: "I promise… It really is as dumb as it sounds…" + +So the perception here is when Goldman’s client has an FTD, and they find out a buy-in is coming, the required buy-in would obviously be too extreme for the client to handle. So they begin to buy those shares while simultaneously shorting AT LEAST the same amount they were required to purchase. + +Have you ever failed to repay a loan so you went to another bank and got a loan to cover the first one? Well, that’s exactly what this is. I know what you’re probably thinking, “Didn’t that just kick the can down the road?”. The answer is YES: it didn’t actually solve anything. + +There’s still one more citation that Goldman received which truly represents the pinnacle of no-sh*ts-given. How could argue the systematic risks inherent in the securities lending business do not exist?". Check it out: + +No alt text provided for this image +Atobitt discovered that for 5 years, Goldman relied on a team of 10-12 individuals to locate shares to be used by its clients for short selling. This group was known as the “demand team”. Naturally, as the number of requests coming in the door started to increase, it became difficult for the team to properly document all of them. The volume peaked at 20,000 requests PER DAY, but the number of individuals that handled this job stayed the same. + +Obviously, this became too much for them to handle so they opted out of the manual process and found another solution- the F3 key…. + +Yes- the F3 key… This button activated an autofill system which completed 98% of Goldman’s orders to locate shares + +No alt text provided for this image +The problem with Goldman’s autofill system was that it used the number of shares available to borrow at the beginning of that day, which had already been accounted for. After using the auto-locate feature, the demand team didn’t even verify the accuracy of the autofill feature or document which method was used to locate the shares for each order… and this happened for 5 years. + +Simply. Amazing. I have to show one of Goldman’s short sale indicator violations… It’s too good to pass up. + +No alt text provided for this image +One violation for a 4 year period involving over 380,000,000 short interest positions… + +One violation for a 4 year period involving over 380,000,000 short interest positions… + +One violation for a 4 year period involving over 380,000,000 short interest positions… + +Is that imprinted in your head yet? One thing to note here is the way in which short sellers use options to “cover” their positions. Wes gave a great overview of this in the AMA(starting at 6:25). Basically, one group will buy puts and another group buys calls. This creates a synthetic share that is only provided if the option is activated. Regardless, short sellers will use that synthetic share to cover their short position and the regulators actually accept it. As Wes points out though, most of those options expire without being activated which means the share is never delivered. This expiration can be set months down the road and allows the short seller to keep kicking the can. + +So back to Kenny and Citadel. In December 2020 they reported an increase in their short position of 127.57% YOY. The financial statements of Citadel Securities between 2018 and 2020 were looked at primarily because Citadel Securities actually has a set of published financial statements as opposed to the 13Fs filed by Citadel Advisors. First, Citadel is a conglomerate as they have a hand in literally every pocket of the financial world (including yours, in case you haven't been paying attention). Citadel Advisors LLC is managing $384,926,232,238 in market securities as of December 2020... + +Yes, seriously- $384,926,232,238 + +$295,347,948,000 of that is split into options (calls & puts), while $78,979,887,238 (20.52%) is allocated to actual, physical, shares (or so they say). The rest is convertible debt securities. The value of those options can change dramatically in a short amount of time, so Citadel invests in several "trading practices" which allow them to stay ahead of the average 'Fidelity Active Trader Pro'. Robinhood actually sells this data (option price, expiration date, ticker symbol, everything) to Citadel from its users. Those commission fees you're not paying for? yeah.... think again.. Check out Robinhood's 606 Form to see how much Citadel paid them in Q4 2020. Mind blowing. Did I provide the link to the FINRA report published which cites 58 regulatory violations and 1 arbitration? Here it is again https://files.brokercheck.finra.org/firm/firm_116797.pdf + +After explaining how Ken Griffin basically controls the world through the tentacles of the Citadel octopus, it lists detailed cases and fines that were usually 'neither admitted or denied, but promptly paid' by Citadel Securities. + +Let me shed some light on a FEW: + +INACCURATE REPORTING OF SHORT SALE INDICATOR. FIRM ALSO FAILED TO HAVE A SUPERVISORY SYSTEM IN PLACE TO COMPLY WITH FINRA RULES REQUIRING USE OF SHORT SALE INDICATORS. DATE INITIATED 11/13/2020 - $180,000 FINE +TRADING AHEAD OF ACTIVE CUSTOMER ORDERS... IMPLEMENTED CONTROLS THAT REMOVED HUNDREDS OF THOUSANDS OF MOSTLY-LARGER CUSTOMER ORDERS FROM TRADING SYSTEM LOGICS... INTENTIONALLY CREATING DELAYS BETWEEN MARKET MAKERS' TRANSACTIONS WHILE THE UNRESPONSIVE PARTY UPDATED PRICE QUOTES.... NO SUPERVISORY SYSTEM IN PLACE TO PREVENT THIS. DATE INITIATED 7/16/2020 - $700,000 FINE +FAILED TO CLOSE OUT A FAILURE TO DELIVER POSITION; EFFECTED SHORT SALES. DATE INITIATED 2/14/2020 - $10,000 FINE +BETWEEN JUNE 12, 2013 - OCTOBER 17 2017 (YEAH, OVER 4 YEARS) THE FIRM PRINCIPALLY EXECUTED BETWEEN 248 AND 7,698 BUY ORDERS DURING A CIRCUIT BREAKER EVENT; FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY PROCEDURES TO ENSURE COMPLIANCE. INITIATED 1/22/2020 - $15,000 FINE +ON OR ABOUT 11/16/2017, CITADEL SECURITIES TENDERED 34,299 SHARES IN EXCESS OF IT'S NET LONG POSITION (naked short); DATE INITIATED 8/21/2019 - $30,000 FINE +CEASE AND DESIST ORDER ON 12/10/2018: FAILURE TO SUBMIT COMPLETE AND ACCURATE DATA TO COMMISSION BLUESHEET ("EBS") REQUESTS. (BASICALLY FAILED TO PROVIDE PROOF OF TRANSACTIONS TO THE SEC). BETWEEN NOV 2012 AND AUG 2016, CITADEL SECURITIES PROVIDED 2,774 EBS STATEMENTS, ALL OF WHICH CONTAINED DEFICIENT INFORMATION RESULTING IN INCORRECT TRADE EXECUTION TIME DATA ON 80 MILLION TRADES. DATE INITIATED 12/10/2018 - $3,500,000 FINE +TENDERED SHARES FOR THE PARTIAL TENDER OFFER IN EXCESS OF ITS NET LONG POSITION (more naked shorting); FAILED TO ESTABLISH SUPERVISORY PROCEDURES TO ASSURE COMPLIANCE WITH THE RULES. INITIATED 3/22/2018 - $35,000 FINE +IN MORE THAN 200,000 INSTANCES BETWEEN JULY 2014 AND SEPTEMBER 2016, FIRM FAILED TO EXECUTE AND MAINTAIN CONTINUOUS, TWO-SIDED TRADING INTEREST WITHIN THE DESIGNATED PERCENTAGE (scraping pennies between bid-ask) ABOVE AND BELOW THE NATIONAL BEST BID OFFER.... INITIATED 10/13/2017 - $80,000 FINE +ANOTHER CEASE AND DESIST FOR MAJOR MARKET MANIPULATION BETWEEN 2007 - 2010. INITIATED 1/13/2017 - $22,668,268 FINE +Naked shorts, failure to provide documentation to SEC, short selling on trade halts..... is this starting to sound familiar? Let's look at some recent events that occurred with trading halts in $GME. On March 10 2021 (Mar10 Day) we watched the stock rise until 12:30pm when an unbelievable drop triggered at least 4 circuit breaker events + +No alt text provided for this image +Now... Atobitt did not believe retail traders did this. Most importantly, the market was totally frozen for the majority of that 25 minutes. Even if people were putting in orders to sell, there were just as many people trying to buy the dip. + +The volume of shares flooding the market- at the same exact time- was premeditated. He can say that with confidence because several media outlets (mainly MarketWatch) published articles WHILE this was happening, after nearly a week of radio-silence. MarketWatch even predicted the decline of 40% before the entire drop had occurred. When Redditors reached out to ask what was going on, + +the authors set their Twitter accounts to private. + +"But wait.... didn't example # 4 say that Citadel was fined $15,000 for selling shorts during circuit breaker events!?" + +Yup! and here are TWO more instances: + +CITADEL SECURITIES LLC EFFECTED TRANSACTIONS DURING NUMEROUS TRADING HALTS. +No alt text provided for this image +Think Citadel is alone in all of this? Think again... It's actually been termed- "flash crash". + +$12,500,000 fine for Merrill Lynch in 2016.. + +$7,000,000 for Goldman... + +$12,000,000 for Knight Capital... + +$5,000,000 for Latour Trading... + +$2,440,000 for Wedbush... + +$4,000,000 for MORGAN STANLEY + +No one can tell you who was responsible for that flash crash though but for anyone to suggest it was not market manipulation is laughable. Remember, the short shares reported on Citadel's balance sheet as of December 2020 were up 127% YOY. The price of several heavily shorted stocks skyrocketed since Jan 2021. Remember in article one where Citadel said their securities were held by others and the DTCC? + +No alt text provided for this image +Well once again, that's just terrific, because the DTCC just implemented SRCC 801 which means they DON'T have your shares. The FINRA research and wording is provided by Atobitt on Reddit. I provided a lot of House of Cards Part 3, but here are the first four he wrote that I would encourage professionals to read; we're not dumb money. + +Citadel Has No Clothes +The EVERYTHING Short +The House of Cards – Part 1 +The House of Cards - Part 2 +Article 2 noted "FINRA’s portfolio is held by the same entities they are issuing violations to". It makes you think whether FINRA is really taking in a fine or taking in a cut of the crime...nothing should surprise you based on the environment I have painted for you with the individuals participating along with their character. I leave you with a quote from Dave Lauer, + +"Without accusing anyone of anything, market makers are certainly taking the other side of these retail buy orders, and market makers also have an exemption that allows them to sell short without having located shares to borrow. So there is certainly plenty of short selling that takes place OTC." + +-Just a random IT dude, Tom +The lower number of new cases is only one day's worth of data for the US (still a possibility that it's just noise), but if this continues, then I think we have reached a point where downside is limited. It would show that we are capable of containing the virus. + +We may still have other economic consequences to deal with. Perhaps on and off quarantines until a vaccine gets distributed. But this is a very good sign in my opinion for anyone who is looking for long term buys. +In my time, I've found that in the private sector, everything is so... secretive and not transparent. + +When you apply in private sector, firstly a recruiter gives you a call and you have a general 15 min non-technical discussion just about yourself and the basics of the role advertised. No talks about salary/remuneration, about the details of the job, etc. Then if successful, you are scheduled an interview with a technical manager (who's probably going to be your manager), usually one other professional in that team, and maybe a HR officer again. After that interview, you'll know more about the job but still no talks about salary and packages and benefits. Then if they really like you, you'll be sent an offer with all of the details FINALLY. + +Sometimes in private sector, there are also recruiters that advertise jobs where they can't even reveal the company that they are hiring for, just which industry the job is in. I find that quite ridiculous. Then the same process follows as above, this time with an external hiring manager in play too. + +In the public sector (from what I've seen from others), there's simply a gazette of job advertisements. They all clearly have the level, the pay, the exact descriptions, and it seems like a very streamlined process. Much easier to be honest. I kind of wish the private sector had something like this, but I guess the nature of private causes it to be more of a random process. + +I still find that you can earn much much more in the private sector though, and jump in salary fairly quick, as opposed to the public sector where there are very clear hierarchies everywhere. Not that private sector doesn't have hierarchy, but it's a bit more flexible/non-rigid. + +Anyway, what are your thoughts on this? Do you know why the private sector is like this? +>[https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmos-top-dividend-growth-stocks-to-play-a-bounceback-in-income/](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmos-top-dividend-growth-stocks-to-play-a-bounceback-in-income/) + +Text in comments +I've linked my Tangerine account to WS but it's only seeing my chequing and savings accounts, and I don't want to withdraw from my TFSA because I'll lose contribution room. + +Is there an easy way to transfer a portion of my Tangerine TFSA into my existing WS TFSA or should I open another account elsewhere instead? + +Thanks! +With my tail tucked between my legs, I want to share my experience with an "award-winning stock advisory" service... + +**Upsells, Upsells, Upsells** + +First and foremost, moving to a paid tier means almost nothing. Members receive the same info you'll get for free on the blog and YouTube channel. + +I cannot believe I fell for their marketing. If you go to their website, you already know the stocks they push to their paid members. + +**Who's the Fool?** + +After becoming a member (Stock Advisor + Rule Breakers), guess who is the fool? Me! + +Despite paying a $409.54 membership fee, everything I seem to want is still behind a paywall. I feel like I paid money so they could send me marketing videos. + +**Performance so Far** + +Now for the best part...I have been a member for 9 months (since Feb 27, 2021). Stocks have been on a tear during this time. The S&P500 is up 19%. + +I purchased 4 stocks that Motley Fool was pushing as "Rule Breaker Buys" when I joined. Three are massive losers. + +* TDOC - 22.74% +* SNBR - 27.83% +* TWLO -12.31% + +That is unbelievably hard to do in this bull market. + +This service has literally cost me thousands of dollars in about-to-be realized gains. That doesn't even include opportunity cost. + +And I managed to lose this money in the ultimate bull market. + +**It's Me. I'm the Fool.** + +Don't be a fool like me. Read /r/personalfinance instead. + +**Disclaimers** + +* While I used a sizable account to test Motley Fool, it's still a small portion of my overall portfolio, which is much more wisely invested. +* Motley Fool recommends a portfolio approach rather than just buying 4 stocks. *My bad*. But their recommendation requires so many stocks across so many sectors, you might as well save the heartache and buy a total market index. It's the ultimate cop-out to the vision of "outperforming the market" they preach. +I am currently a full time college student interning at a computer company of sorts making on average $350 a week until mid August. I have around $1000 in savings as of right now, and a car I could easily sell for around $30,000 if the need arose. I am very excited to be a father, but I am also terrified at the thought of not being able to support my child. Does anyone have any advice for me? My girlfriend is a waiter who makes around $35,000 a year for a little more info. We are sticking through this together. +Edit: Thank you all for your encouraging words and sound advice. +Edit 2: My inbox has been blown up, I cannot put into words how much I appreciate all the advice and words of encouragement you all have given me. It means much more to me right now than you can imagine. +Anyone that was in eth Dec 2016 should post what it was like. It was brutal. Those that held were greatly rewarded. Here we are again a brutal crypto winter with a 70% correction..... Post your thoughts. I will remove Fud. +First I wanted to start by saying Hudson Jameson did a phenomenal job wrangling all these different stakeholders to the core devs meeting today and playing the part of an effective, neutral moderator. It was a really interesting meeting and great to hear all viewpoints. I'm sure many of you live streamed it as well. + +I’m an Ethereum investor and active user, and I took notes on the most prominent miner arguments against issuance reduction along with my thoughts on each. Would love to hear any thoughts or any ones I may have missed. + +**GPUs that leave network after issuance reduction can be used to attack Network Security (Xin Xu)** + +Xin Xu argues that a decline in issuance from 3 to 2 (33%) will cause a drop in hashrate by 33%, and that such a large drop in hashrate will lead to an influx of GPUs on the market that can be used to attack Ethereum. This argument is predicated on the idea that hashrate will drop significantly. However, any drop in hashrate will decrease difficulty so mathematically a 33% drop in issuance should have at most a \~22% impact to total hashrate assuming a linear relationship. I don't believe that a drop in Ethereum Network Hashrate from current levels (280 TH/s) to January 2018 levels (230 TH/s) is a doomsday scenario. And the real drop will certainly be much smaller for two reasons. 1) Historical data shows that hashrate is extremely resilient against drops in price as well as issuance (source: [https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large](https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large)). 2) Historical data also shows that all Ethereum and Bitcoin issuance reductions were followed by price increases which could partially or completely offset the decline in hashrate. + +**Issuance Reduction will drive a dramatic shift in hardware composition of the network (Brian Venturo)** + +Brian Venturo argues that a reduction in issuance will price out GPU miners and cause the network to dramatically shift towards ASIC miners in the short term, increasing mining centralization. However, miners on the call pointed out that currently available ASICS (Antminer E3) is in-line with top GPUs in terms of mining efficiency. It’s only when we compare claims from as-yet unreleased ASIC manufacturers (Innosilicon A10) to 2-year old GPU technology (GTX 1080) that we see any risk of an efficiency gap. Second, the total Ethereum network hashrate is 280 TH/s. **This is equivalent to 577,000 Innosilicon A10s, which would cost $3.3 Billion (at $5700 each).** Any shift of even 10-20% in Ethereum network hardware composition will be **slow and steady**, and as we heard on the call, miners looking to spend significant capital on new hardware are considering major ROI headwinds from 1) upcoming shift to PoS and 2) possible exploration of new ASIC-resistant algos like ProgPOW. Both of these would brick current generation ASICS while GPUS would retain their resale value. More work needs to be done exploring ASIC-resistant POW algorithms, and there's no reason why issuance-reduction EIPs should be roadblocked in the interim. + +**EIP 1295 as an alternative (Brian Venturo)** + +Brian Venturo cites the current rules around Uncle and Nephew rewards as causing weird incentives that miners are exploiting to maximize uncle rate and squeeze higher issuance out of the network. This is a super interesting point, and one that I would love to see explored in more detail (as the downstream implications could be quite complex) **in addition to EIP-1234**. There’s no reason why 1295 is mutually exclusive with EIP-1234, and positioning it that way is a clever tactic to delay any issuance reduction. Brian himself suggested an issuance reduction in 2019 on top of EIP-1295. + +**My Final thought** + +I am in full support of EIP-1234 as a moderate issuance reduction to reduce Ethereum inflation and the amount we are overpaying miners for security. **Looking back on it, last year’s 40% reduction from 5 eth/block to 3 eth/block has turned out to be a phenomenally good decision. Since then, hashrates have increased 3x while price has declined 20% (was $330 pre-fork), all while we reduced inflation by 40%**. Another modest issuance reduction is a prudent decision that is a natural step in Ethereum’s growth and consistent with the original vision for inflation. In contrast, a difficulty bomb delay without a corresponding issuance reduction should be viewed as an issuance increase. + +The quicker we can get this decision behind us, the better. As long as this question looms, investors will lack confidence in Ethereum’s monetary policy, and mining stakeholders will have massive incentive to decrease Ethereum price until Constantinople to increase the chance they can mine at inflated rates through 2019 +So, no moon for ETH this week, but no bloodbath either... Feeling happy in a very odd way that ETH seems to be separating from BTC and doing it's own thing. I would like to think of it as preparing jet engines for the long Metropolis voyage ahead. Thoughts? + Hey ladies and gents, hope you're having a great weekend. Just dropping in a quick strategic analysis on Blackberry. The details of the discussion are applicable for the week ahead and can be found below: + +**Expected move: +/- $3.00** + +* Upper Expected move: $17.00 +* Lower Expected move: $11.00 + +**Potential move: +/- $3.90** + +* Upper Expected move: $17.90 +* Lower Expected move: $10.10 + +**Historical Volatility: 98%** + +**Implied Volatility: 167.2%** + +* Put-To-Call Interest: 0.30 +* 10-year high: $17.21 (Feb-4-2013 the date when Research in Motion changed their name to Blackberry) +* 5-year high: $14.55 +* 1-year high: $14.28 + +**Bullish Trade idea (short-term):** + +* 15/18 weekly Bull Call Spread +* Debit: $0.58 +* Max Profit Potential: $2.42 +* Risk/reward: 4.17 +* Breakeven: $15.58 +* Max profit occurs above $18 at expiration + +**Bullish Trade idea (long-term):** + +* Given the elevated implied volatility and low stock price, it is more prudent to own the equity. +* Alternatively, $12 February monthly opex puts are trading at $1.40 and can be sold cash secured for an effective ownership price on the stock of $10.60 if assigned (this represents an 11.77% return on risk in less than 1 month) + +**Other considerations:** + +* Next ER is in Mid March +* BB has announced partnerships with AMZN, ZM, OnwarMobility and Huawei +* Blackberry owns over 30,000 patents, by far the most of any company in Canada and many of which are applicable to smartphones, which they will no longer focus on. +* Expect more patent sales, further bolstering their balance sheet. + +For those of you who would like to watch the video discussing the information above, the link is here: + +[https://youtu.be/uRHtwmzoc2Y](https://youtu.be/uRHtwmzoc2Y) + +Please let me know if you have any questions. + +Stay safe and healthy and trade well! +I always stumble back on this question, mega giants especially in the US have billions in R&D, can knock at the door of public markets to get even more, yet they acquire start-ups. Are they interested in the IP at all? Why don't they just do it on their own? + +This is apparently a question which Buffet posed to Gates at the beginning of their friendship, when Buffet was convinced that tech was a dud . Specifically he asked: + +"Hey, Microsoft is a small company, IBM is this huge company, why can you do better? Why can't they beat you at the software game that you're playing?'" +Hey all, + +&#x200B; + +I recently got a job offer, and accepted. My pay will spike significantly from $18k post-tax to $54k post-tax. I already plan on socking away 25% into my 401k (the max I can at this company) and maxing an IRA, but this still leaves me with (very roughly) 30k to do as I please. + +&#x200B; + +I already plan on spending a bit more to let myself enjoy life, but how much exactly is still up in the air. I won't need a new apartment, as that's taken care of. Any advice would be appreciated! + +&#x200B; + +Edit: Now I see what people mean by "RIP my inbox." Will try to respond to as many comments/questions as I can. A few things: + +1) My savings are already automated, even if it is only a little bit per month. + +2) The company hard caps pre-tax contributions at 25% per check, I make up the difference in maxing it post-tax. + +3) I don't plan on living "miserly", I know I definitely need/want a higher budget. Just trying to determine how to manage it/how much to increase it by. I've seen comments ranging from 10-25%, so I'll work something out. + +&#x200B; + + Thanks for the advice everyone! +I see London homes advertised for in excess of £1.5 million, with a salary of £300,000 x 4.5(BoE affordability) that’s a £1,350,000 home and even with a 10% deposit it’s still £25k short. So how do people do it? + +Also at the 45% additional tax rate, take home of that salary is £169,776 so presume affordability test is on gross income? +Just started mortgage and sorting my finances out. My wife and I are debt-free (apart from the mortgage) and have some emergency savings. + +I'm quite confident that I could use a credit card for day-to-day spending and pay it off in full every month. I'm not doing that at the moment. + +It occurred to me that I could keep a few pennies by using my credit card for every day spending, while the money I would have spent on the debit earns interest for a few weeks in an instant access savings account. + +\*Then\* I had a look and a bunch of credit cards have various reward schemes, but I don't shop at Sainsbury's or fly much (and never with BA). + +So for someone with a modest income and outgoings, is it worth using a credit card for spending? +Last week my mom helped me file my taxes. I know how to do them but she's done them for me since I was 18. This year was the first year she couldn't claim me (I made over 20k, didn't live with her at all and wasn't in school) and I filed head of single no one could claim me. I got a small return and thought that was that. + +Just a little while ago my mom calls me panicked and crying. She's gonna owe $5,000 if she can't claim me. She wants me to file an amended tax return. She says that I'll owe next year but she'll pay whatever I owe. Is there a downside to me doing this? Other than the fact that my mom and step dad are not stellar with money and there's no 100% that they'll be able to pay me back next year. I need to know all the downsides before I give her an answer, I don't want to feel guilty and say yes and it fuck me over. +