diff --git "a/reddit_finance_43_250k_324.txt" "b/reddit_finance_43_250k_324.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_324.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +https://preview.redd.it/md5buxjgbot61.png?width=1440&format=png&auto=webp&s=5c1deed21f571dcb20dab5185b39ea24bf00b954 + +You'll also notice there is no portfolio and the case studies are just walls of text with no mention of a specific client (or maybe I just didn't see it. Either way not good)! Now, sometimes this is for legal reasons, but I sense this is not the case with LifeWater. I'll be honest with you though, at this point I figured I'd check the archives and see a frumpy bare bone website and that would be the end. + +WRONG. Check this out. There's a testimonial section that's missing from the current website. Why hide that? Do you guys see this stuff? You have a VP Investor Relations, Owner, Chairman, CEO, Cofounder, etc vouching for you! This is GREAT for credibility. + +&#x200B; + +[Look at the date this was recorded](https://preview.redd.it/nccoudojbot61.png?width=1440&format=png&auto=webp&s=3b31c583b69297004acd3e8ee9e24ad9eb640120) + +And, my dear ape, this is great for us. + +The first one stood out to me most because it seemed most likely to be publicly traded. A quick google search will turn up Eclipse Gold Mining, a subsidiary of Hercules Gold USA LLC, with a parent company Northern Vertex Mining (NHVCF). I pulled them up on [Fintel](https://fintel.io/sit/us/nhvcf). I CANNOT find any institutional ownership but this little ditty popped up and I started speculating. + +&#x200B; + +[Down the rabbit hole](https://preview.redd.it/8tf6px3pbot61.png?width=1072&format=png&auto=webp&s=7a2378de5668a898fe1cade6e0d04160b4c76e91) + +So now, let's check out Realogy's Institutional ownership. We see all the big names: Vanguard, Blackrock, and lo and behold, Apollo Management. + +&#x200B; + +[uh oh](https://preview.redd.it/lr1mkl5tbot61.png?width=1029&format=png&auto=webp&s=b8398f792055dc8f353b734521174b99b81f4784) + +But don't worry, it doesn't stop there. Let's go back to Northern Vertex and check out who's running this shindig. You can go through them all [here](https://www.northernvertex.com/corporate/management-directors/), but we're looking for this guy: + +&#x200B; + +https://preview.redd.it/pcypxs3xbot61.png?width=929&format=png&auto=webp&s=6f8fb2ce92db569f86e1cf83490305ee93ab3b4f + +Geoff is the cofounder of **Maverix Metals Inc (MMX).** Why does that matter? Let's take a gander on [NASDAQ](https://www.nasdaq.com/market-activity/stocks/mmx/institutional-holdings). What did I find? + +Oh I don't know. Confirmation bias. + +&#x200B; + +https://preview.redd.it/r450h840cot61.png?width=655&format=png&auto=webp&s=bcfc48dd13b916a889c52950b0933c4c611dabbe + +u/Username_AlwaysTaken suggested finding when the position was added. Am i doing the ape right? + +&#x200B; + +[02\/16\/2021](https://preview.redd.it/4s8ijl0mgot61.png?width=1029&format=png&auto=webp&s=8bc732a443e3067bce49d7b0c6027bb02291b9af) + +Look who else is here! + +&#x200B; + +https://preview.redd.it/ko8quiy4hot61.png?width=1030&format=png&auto=webp&s=c39ebc646fac15fb0e8bc4b653d3a08f0362a33e + +**Let's talk about itspalpatime's post very briefly while I dig** + +They shared a screenshot of a twitter page that seems to have changed drastically. I assume this is due to angry apes (STOP INTIMIDATING THEM SO I CAN RESEARCH LMAO). Check it out. + +&#x200B; + +[Before](https://preview.redd.it/ezthxw9wrot61.jpg?width=674&format=pjpg&auto=webp&s=c36c270bc4b6ceaa61943c13ef431ac58d50cb26) + +&#x200B; + +https://preview.redd.it/1vxytj30sot61.png?width=605&format=png&auto=webp&s=b416028c0ceca4d007c9d10b41e0548853f2b407 + +This is less a lead an more of a reminder to **be kind**. Wrong is wrong, but I'm sure this person doesn't want to turn down a check and surviving sometimes means taking a sketchy gig. I'm still digging, stay tuned. I know their identity. Do not post it if you find it. + +Edit: I have returned to talk about our Influencer Researcher. This person is based in the Philippines. A lot of the other employees on LinkedIn are from the **same** place and they probably all know each other. Did some research on the city this person is from and found there's a lot of Business Process Outsourcing (BPO) and--okay I'll spare you the details. **Citadel holds shares in some of the biggest employers of this city.** Really sucks. Honestly, if that person or any of those people are reading this... you are very talented (I saw your portfolios) and you are better than some of the people I know working for companies like Netflix and you deserve more than Citadel taking advantage of you!!!! + +**TLDR: Request for paid shilling linked to Citadel, Credit Suisse, and \*pending\* the post has been updated [here](https://www.reddit.com/r/Superstonk/comments/mswcdm/lifewater_media_trojan_horse_the_ultimate_guide/)** +I'm talking about this page here: [https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf](https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf) + +Long story short, Vanguard's calculator has surprisingly high failure rates for greater than 30 years for withdrawal percentages that have never historically failed. Like 7-8% failure rates at 40 or 50 years for a 3% withdrawal rate. + +This leaves me wondering - why is this so different than calculators like FireCalc, which essentially show 100% perpetual success rates once you lower your withdrawal rate to around 3%? +Have a seat by the fire, and I will tell you the classic Christmas story of the chronicles of 2017. + +# THE PRELUDE + +It all started on a December day, in 2016, very much like today. + +At that time, I no longer had any crypto. I had already sold all of my coins, and after the Mt Gox mess, never looked back. + +Until Bitcoin caught my eye again. That month, Bitcoin was reaching prices I had not seen before. + +Last I remembered, the price was around $300-$400. And now I see prices well over $700. Something was going really well in the Bitcoin universe. Maybe I need to start paying attention again. But I didn't buy yet. + +**December 2016- Prices: $750-$1,150** + +&#x200B; + +[Dec 2016](https://preview.redd.it/xt3on38xtp681.jpg?width=965&format=pjpg&auto=webp&s=c599170a478c4828df49d3f8f09970f188cf089d) + +It went parabolic, followed by a big crash down to $800. So I thought this must be the bear market. Maybe I should consider buying. But it actually quickly recovered. This was something similar to what we've already seen in 2013. An initial spike, with a big crash early on. + +&#x200B; + +# EARLY 2017 + +At the beginning of 2017, I started paying more attention, and looked at how far along things were. And started gaining a little more trust again. Shaking off my Mt GOX trauma. + +**March 2017- Prices: $930-$1,275** + +In March 2017, I finally did it, I jumped in. I made my GDAX account (the old Coinbase pro), and started buying a little bit of Bitcoin. + +I saw there was a little dip from $1,275 down to around $1,160. So I decided to "buy the dip". + +Of course, as always, it dipped even more and went all the way down to the low $900s. + +&#x200B; + +[Early 2017. I bought. ](https://preview.redd.it/ea3ccbv2up681.jpg?width=973&format=pjpg&auto=webp&s=3f7a7a1230b7b7c74f5ed2a74c3a70298a718b3c) + +# SUMMER 2017 + +**June-July 2017- Price $1,990-$2,990.** + +After that little dip, things bounced back, in a big way. Things were going great. Bitcoin looked like it was about to break $3K. I was thrilled but I was starting to become mindful of flying too close to the sun. + +It dipped back down from a $3K rejection, and started stagnating. Then it crashed below $2K. I panicked a little and sold a little. Big mistake. + +It was a very brief dip, and sprung back. When I saw the confirmation that things were back to normal, I bought a little more. + +Peaks, and crashes into despair along a bull market. Is this starting to feel familiar? + +&#x200B; + +[Summer 2017](https://preview.redd.it/3sslcy2lup681.jpg?width=966&format=pjpg&auto=webp&s=3df6b1ec1f2d96e9c817a76fb4f76b8f1f524524) + +# + +# LATE SUMMER 2017 + +**September 2017. Prices: $3,200-$4,600** + +Things went into "fantastic mode" in August. Bitcoin managed to finally break past $3K and reached a new ATH at $4,900. + +In September we had another crash, when the market just couldn't make a breakthrough past $5k. We dropped in the lower $3Ks. Again, it was pretty scary, and some people thought this was the end. The bull run might be over. + +Again it recovered, and even more quickly than before. The market started to recover increasingly more quickly from any dips. That started to generate a lot of confidence, and maybe even overconfidence. + +We entered the real FOMO phase, and started having all the obnoxious lambotards taking over the sub. This is also the month I first got into alt coins, and bought my first Ethereum. + +&#x200B; + +[Late Summer 2017](https://preview.redd.it/9qjvoerqup681.jpg?width=947&format=pjpg&auto=webp&s=04b86c8849365b5ff2b7e7c110f601f07cf9d3b5) + +# + +# AUTUMN 2017 + +**November 2017- Prices: $5,900-$7,500** + +This is the fire phase. When get to that phase, you will definitely know. + +Things were really on fire in November. The hype was starting to get pretty crazy. By that point, I thought I had really pushed my luck to the limit. I didn't want to fly too close to the sun. + +There had already been so many times I thought we had hit the peak. + +I was sure the price would crash now. I pulled out my Bitcoins at $7K, and only kept my Ethereum, with a big sigh of relief. + +Especially when the price dipped below $6K. For a moment there, I thought I was the smartest guy in the world. I thought I was Michael Burry, foreseeing the final crash. + +But I ate my words very quickly, when the market bounced right back. + +I was in disbelief. + +I didn't want to touch Bitcoin, and bought more alt coins instead. In retrospective, it may not make a lot of sense with what we know today. + +Keep in mind, at the time we didn't know that much about alt coins, nor how that market behaved. You usually bought alt-coins, thinking they could be the next Bitcoin, and have a Bitcoin run of their own. + +&#x200B; + +[Autumn 2017](https://preview.redd.it/8vvzm030vp681.jpg?width=965&format=pjpg&auto=webp&s=71218fe998a77800bc2bee24391a350fd259eb1b) + +&#x200B; + +# The Peak. + +**Early December 2017- Prices: $11K-$15K** + +Bitcoin eventually went way past $10K, and even to $15K. I was really in disbelief. I kept telling people to watch out, this thing will definitely crash. But I was downvoted by the lambo club. And proven wrong with every new high. It did start to feel like 3am at a nightclub. When the crowd is at its drunkest and highest, although it may feel like the party will never stop, it's all about to come to an abrupt end. + +**Mid December- Prices $15K-$19.5K** + +When the club didn't close, and the show went on, I started to doubt myself. Shit, maybe I'm the one who is wrong here. Maybe this thing will never crash. + +When the price went above $17K, and it seemed like every dip failed and got eaten up, I seriously considered buying back in. But I didn't. + +At least I still had a little bit in alt coins, and they were also on fire. + +&#x200B; + +[The peak. ](https://preview.redd.it/yie0l232vp681.jpg?width=966&format=pjpg&auto=webp&s=cbc7e299546a537932dc2fe5069986123c1d7c77) + +# The Crash + +**End of December- Prices $19.5K-$12K** + +When you least expect it, expect it. It finally happened. It crashed, or started to crash. Was it because of the opening of CME futures? Was it because of the upcoming Chinese new year? A lot of people tried to point fingers at anything. + +The reaction was still mixed. Many people believed this was just another brief crash, while some thought this could be the one. But there had been so many fakeouts, it was still hard to tell. + +For the last few weeks of December, there was a lot of confusion. I bought in a little bit, the discount was too tempting. + +&#x200B; + +[The crash.](https://preview.redd.it/urtx9pl8vp681.jpg?width=973&format=pjpg&auto=webp&s=06df90f5f3962708d5c0f05b905c740e60adbe5d) + +# THE DAWN OF THE BEAR MARKET + +**January 2018- Prices: $17,500-$10,100.** + +About half the people had realized by now that the bull run had come to an end. Interestingly, there was still a lot of buzz for alts. + +While the reality hit the market that this was a serious crash, and possibly a bear market, there was still some optimism about Bitcoin going no lower than $10K, and things slowly climbing back over the course of the year. This is partly why alt coins were still big. There was still the belief that they could be the next Bitcoin, and could be cheap to buy right now. It was later discovered to be a fatal mistake, as most of these alt coins dropped more than 80%, many over 90%. + +# Goblin Town. + +Bitcoin didn't climb back, and did drop below $10K. + +**February-June 2018- $11K-$6K** + +In February we had a nice little fakeout and bull trap. For a moment, many people thought the worst was behind us. But reality finally hit everyone. And any lingering optimism was gone. + +The Lambo club had vanished completely. Activity in crypto subs and forums plummeted. + +The mood was something like out of a bread line of the great depression. + +Brother can you spare me some BCH? Oh wait, those became worthless a few months later during the Hash Wars. Because on top of all this, we had the Hash Wars, a nasty black swan event in the middle of a bear winter. + +We weren't just in a winter, we were far below the snow. We were in goblin town. + +&#x200B; + +**How did I come out?** + +I made a lot of mistakes, but still managed to do really well in 2017. But paid back a lot of it in the crypto winter. + +I learned to be a little more conservative, check my emotions at the door, and build a little strategy of my own. Kind of a hybrid of DCA. + +So no, I'm not a millionaire yet. And still very far from it. + +And I don't think too many people came out millionaires. +Hi guys for Info the CEO of citius pharmaceuticals will present an overview and provide an update on the Company's products under development, including its lead product candidate Mino-Lok, currently in Phase 3 trials tomorrow, this could act as a catalyst. + +The webcast of there presentation will be available to view starting on Tuesday, March 9, at 7:00 a.m. Eastern Time. Link below + +Webcast: https://journey.ct.events/view/262c140c-bae9-4791-bee8-7a03b2d8449a +I want to highlight a cool volunteer opportunity that I think fits very well with the FIRE community. + + + +I just started working with an agency as a Volunteer Income Tax Assistant (VITA) with a local refugee agency. The program trains you on tax screening so you can provide free tax prep services to people in need. You don't need to have any prior tax experience, they train you on everything. + + + +With the recent influx of refugees from Afghanistan, there will be many families in need to assistance this tax season and VITA programs offer an impactful way for people in this community to use their skills and their passion to give back. + + + +I'm not advocating for a particular program, but if you google VITA in your local area I bet you'll find some programs. A lot of them are even fully virtual. Seems like a great way to help out whether you're FIRE'd or not. + + +Cheers! +I’m 28 and making decent money. I always see posts of people in their mid 20s saying they bought their first home. + +I’m just wondering is there a financial incentive to do this, or is it just a case of it’s just what they wanted? + +My reasoning for renting is that I am single and don’t like the idea of buying a somewhat “permanent” location so soon in my life. Buying a home seems like a big commitment and I quite enjoy having the flexibility that renting gives you. + +But was just wondering is there an angle on buying a home that I may be missing? +Hi all. Hope you’ve all had a lovely Christmas. + +I’ve always been a really poor saver. I put some into a savings account and by the middle of the month, I’ve moved it back into my current. + +I’ve opened savings accounts with other banks, created standing orders, and again just moved the money back when things are really tight. With the new year round the corner, I really want to step up and do better. I’m in my 30s with not even £100 to my name in savings. It’s embarrassing especially as I’m on a relatively good salary. I’ve been working since my teens so I really should have something to show for it but I don’t. + +Any tips (and hash truths) are very welcomed. +TL:DR – This post theorizes on a descending margin call line. Using an angled fib channel, we can spot zones the price has reacted to all year. These zones run parallel to the line created each time the price runs and is hammered down immediately afterwards. This is not a date hype post or price prediction post. I’m sharing what I’m currently looking at on my chart because I think it shows that the price hasn’t moved in crazy motions due to retail, but rather trading algos that determined a price months in advance. You don’t need to be a TA expert, if you can follow a colored line with your eyes you’ll see what I’m pointing out. For those of you who can’t follow a line, just smile at the rainbow. + +# A) Intro Ideas + +**1) Somewhere over the Rainbow** + +[Hey pretty lady](https://preview.redd.it/divh0vpadnm81.jpg?width=833&format=pjpg&auto=webp&s=cf530744855f7a62f17dfdcc0e1029d176e4d9e4) + +I believe that the top descending line that Marge is sliding down is what hedgies are afraid of. Below that is a fib (Fibonacci) channel. If you are new to charts, think standard deviations but based on the golden ratio. You set a high and a low, every line in between will adjust to the correct width. For whatever reason in trading, prices tend to react to these lines. On no energy they’ll just kinda hover in between, with some up or down energy they can bust through. Frequently, people draw charts where these are perpendicular at a 90 degree angle where the lines are horizontal. I noticed while watching some trends a few days ago that I could draw quite a few parallel lines on an angle and the price would tend to stay between them. I expanded this idea out and it included some of our peaks as well as our lows. + +**2) Instructions for recreating this chart** + +[Easy as A,B,C](https://preview.redd.it/hi2hvzvcdnm81.jpg?width=836&format=pjpg&auto=webp&s=b0a83538c6a6ea6f61972dae64f4f318a435872b) + +To set this up, you need 3 coordinates and luckily they are pretty easy to drop a pin on. I’m using Heiken Ashe candles on my graph and I set this up on daily candles. Drop your first pin on the top of the March 10, 2021 wick. Drop your second pin on the top of the November 3, 2021 wick. Drop your final pin on the bottom of the March 24, 2021 candle (not wick). In settings, include the 1.618 extension and extend both the right and left side. There is one final setting I adjusted. If you’ve never drawn a fib chart like this you wont notice and it wont really matter. If you have, you might notice it in my chart. It’s kinda tinfoily but it fits surprisingly well and I’m not saying anything else. + +What you really want to focus on whether you are reading the rest of this or looking on at your own chart is that the price will stay tight inside of these channels unless there’s a big movement day. They might bounce off edges, you might see a wick crack through, but generally speaking, the candles want to stay in their channel unless something is pushing it out. Depending on your point of view, this might be worrisome as the channels are trending downwards. However you also might notice that despite the price going sideways or even trending down, we’ve often moved up to higher levels of the chart as the year has gone on. + +# B) Focusing on Specific Areas + +**3) The Sneeze** + +[January 22 - February 11 \(30min candles\)](https://preview.redd.it/u6lrxp1fdnm81.jpg?width=1764&format=pjpg&auto=webp&s=6d4a405e3d7271bed4b40048dc4a8512607854d1) + +The top of our channel is right in line with the peaks on Jan 27th. We know that the next day the buy button was turned off. That is them (hedgies) reacting to the top of the channel. Jan 27th closes with the price staying in that top grey zone. Then for the next 2 days, even when the buy button was off, the price is still reacting to the various zones. You see candles that stop right on each area. Retail would have had minimal control and we know market makers were internalizing a ton of orders, their computers already had zones they planned on hitting that the price will react to again months later. Lastly, after the buy button returns and the price drops the candles follow almost a straight path that is parallel to the slope that would eventually be formed by connect Jan 27th to future peaks. + +**4) Long Cold February** + +[February 2 - February 25 \(30min candles\)](https://preview.redd.it/4gqz99midnm81.jpg?width=1759&format=pjpg&auto=webp&s=28c478b021c7e825621069876c27dc6c0809d715) + +Continuing what I mentioned above. The post sneeze price moving TIGHT against that bottom line (1.618 extension). As a reminder, this line was followed for a month before we saw the next peak in march. So should we believe this was all determined by retail who were methodically moving on a line, or does this seem more like the work of trading computers? + +**5) March Run** + +[February 24 - April 1 \(30min candles\)](https://preview.redd.it/98aqb63ndnm81.jpg?width=1761&format=pjpg&auto=webp&s=f9666694fcbc911d514c604f54870a1b35288231) + +The March 10 peak is where we placed one of the chart coordinates, so no surprise it lines up there. But we used that point because its another spot where hedgies went crazy to hammer the price down. Holler to all the apes who were watching that day, but we went and dropped like 50% in an hour just to pop back up to where the day began. And this was preceded by a news article that claimed the price was falling before it happened. On the month surrounding this date, you see many examples of the price approaching a new zone, backing off, and then moving on it again. You see examples of the price riding on a line for a while before bouncing or cracking through. And these were all lines the price was reacting to back when the buy button was turned off. + +**6) May Run** + +[March 10 - July 26 \(30min candles\)](https://preview.redd.it/qt5f22uodnm81.jpg?width=1761&format=pjpg&auto=webp&s=003e4a46b70d56b24964cf781c8415285371f909) + +After pushing up down after March, we stayed in the blue zone for months until about May 24th. Prior to the March run, hedgies had pushed us all the way down to the bottom of the zone below blue. And when we successfully got above and stayed above blue, that’s when the run really took off. On the way up between May 24 and June 9 we see the price reacting to all the same zones it did in March just like it did in January. But remember, these are not horizontal lines. Pulling the chart sideways makes them look more horizontal, but these zones were higher in January and March. + +Our top line crosses right through both peaks in June (more detailed in next section) and right afterwards we see the price drop and LANDED in the light green zone. It held that zone until about July where it started trending down again. However, this time hedgies were only able to push down to the dark green zone. At the time everyone was talking about how this related to being the same level as before the May run but we didn’t go back into blue like we were before May, we were holding an entire zone higher. This may seem like semantics (who cares about a color zone, price is price) but if this idea of the descending Margin Call line is accurate than the closer we stay relative to the top line the more of a problem it is for hedgies. + +Also remember that GME had a share offering starting June 10th. I’m speculating, but I think RC knew that hedgies would be reacting to that peak. They had just blown a ton of cash on the last run and needed the price to go down. Had they bought the offering, it would keep the price up against that top line. If they shorted they could drive the price down BUT apes would buy like crazy on that sweet discount. So to live another day, they shorted and apes stacked more chips. And I tend to believe the drop wasn’t retail panic selling because again, for the duration of the share offering we rode the line on a zone that had been relevant since back in January when the buy button was gone. RC loads up the war chest for the turn around, apes stack chips, hedgies get a stay of execution (but R.I.P. Dumbass still). + +**7) June Zoomed In** + +[June 4 - June 23 \(15min candles\)](https://preview.redd.it/pkecbwnqdnm81.jpg?width=836&format=pjpg&auto=webp&s=b92cd671d5aae107b836d325a194428b8ae96e06) + +But Tiberius, you fucking dolt, we crashed through that top line not once but twice. Right on, however, this happened prior to rule 002 going into effect which is 24/7 margin surveillance and calls within an hour. That didn’t come into play until June 23rd, and even then the price didn’t maintain above the line for long. Just under an hour on June 8th and about 40 minutes on June 9th. Clearly though, hedgies were not a fan of being on that line and fought to get underneath. If you’ve forgotten about life pre-002, margin checks wouldn’t happen til about the 3rd Friday of each month. All this put together allowed them to straddle the line temporarily. + +**8) Summer and Fall** + +[June 14 - October 20 \(30min candles\)](https://preview.redd.it/odexjlbvdnm81.jpg?width=1762&format=pjpg&auto=webp&s=c985231aa3e75614ccca7407cddd941acf0d86c5) + +After June, hedgies got the price all the way down to the dark green zone. When we tested that and held above it, we had the late August spike that went all the way up to September 1st. This run was unlike The Sneeze, March, and June runs. This time we only got to the top of the red zone. Instead of some massive push back downwards like we’d seen before, hedgies pushed the price back into the light green zone and we continued there for all of October. I’ll say again, now we are two zones higher than where we were before and even if the price is dropping we are relatively closer to that top line that hedgies freak out about. + +**9) November to Now** + +[October 25 - Current \(30min candles\)](https://preview.redd.it/gk9pstaxdnm81.jpg?width=1762&format=pjpg&auto=webp&s=814eeb4e651a8edff82f89b7c48a84844c11f818) + +We peaked twice in November. Once on November 3rd and once on November 22/23. Right before the Nov 3 peak we tested each of those zones. We spent a very short amount of time at the peak, and again this part of the line isn’t surprising since its one of our coordinates. On the way back down we even held the top of the red zone until the top of the next peak on the 23rd. More on the wicks above in the next section. + +By now you should be used to seeing how the price reacts as it approaches each new zone, it pretty reliably finds them to be either support to stand on or resistance it cant break (yes the same zones that have existed since the buy button was off). We’ve spent a lot of time in the light green zone, but the middle green zone we haven’t spent any significant amount of time in. Even our time in the dark green zone was temporary and we pretty quickly kept trying to get back above it. Important to point out, that line between light and middle green represents 50%, it is halfway between the top line and the bottom of blue. We have been riding it for months, you can even argue we were only just above it through Sept/Oct. + +**10) November Zoomed In** + +[November 22 - November 24 \(5min candles\)](https://preview.redd.it/p4dr998zdnm81.jpg?width=835&format=pjpg&auto=webp&s=b1b8b70f594c47add7785db371b04c76eb9caa43) + +Tiberius, you fucking dolt, 002 is in effect, your line idea is busted. Right on, however, this is the peak over November 22/23, but the price never even closed a 5 minute candle above the line. We might have been at the line but they were already fighting the price down. November 23 we end the day down 12% and it continued for months. + +**11) Big Picture again** + +[Another look at the big picture](https://preview.redd.it/59pmios0enm81.jpg?width=836&format=pjpg&auto=webp&s=bbddb70587ed3b11f52fc83917a21c04d936e859) + +Now that we’ve looked up close at the price reacting to these zones all year, step back and look at the full chart again. After each peak to the top line, we come all the way down but only to test the next level up from the prior low. Relative to that top line they hate so much, they are unable to swat us away further from it each time. This makes it easy to spin a narrative (“stock in a free fall, its down again”) without acknowledging that there has been steady progress made towards breaking through the line they keep fighting at. + +# C) A Line in the Sand + +**12) The Rock** + +Because this fib channel is descending, it eventually hits 0. More specifically, each zone hits 0 on a different date. To reiterate, this isn’t a date hype post. We have no reason to think the stock would actually go to zero. But for the sake of acknowledging $0 as an endpoint, here is what that looks like. + +[Sneeze to Sept 2023](https://preview.redd.it/azg1q6d2enm81.jpg?width=864&format=pjpg&auto=webp&s=f8d71c30e30d02a14b012e97128833bdc8a42318) + +The following is when each zone hits $0 + +Bottom Grey – April 1, 2022 + +Blue – August 18, 2022 + +Dark Green – October 18, 2022 + +Middle Green – December 19, 2022 + +Light Green – February 21, 2023 (yes, I flipped the month/day on accident) + +Red – May 4, 2023 + +Top Line – September 1, 2023 + +Remember though, we really haven’t played in any of those bottom 3 zones for a significant period of time since we left them. And if the pattern continues, after another run they shouldn’t be able to get the price below the Light Green zone for any sustainable amount of time. + +**13) The Hard Place** + +Like I said above, there’s no reason to believe they can actually play this out to zero. There’s factors that make dropping the price problematic for them. + +\- DRS. As the price drops, the rate that apes can DRS increases. This becomes a nightmare to anyone creating FTD’s because there’s no way to ever close them. + +\- Stock buy back. GME has cash in the bank and in the relatively near future can be profitable. They could start shrinking their own float. + +\- Cash dividend. It doesn’t need to be an NFT dividend to be valuable. A profitable company with a small float is gonna be interesting to institutional longs. More longs = more buys = more FTDs = eventual placement on threshold securities list. + +\- Undervaluing the stock. Even people with ZERO belief in moass can still make a bull case for GME on it’s fundamentals. The price will only go so low before those folks see the value also, again this leads to more buys (so on an so forth). + +**14) Final Thoughts** + +I don't suggest trading based on anything in this post. I’ve been wrong before, in all likelihood I’ll be wrong again at some point about something. I had what I considered to be strong historical data when I wrote [$230 Rubicon](https://www.reddit.com/r/Superstonk/comments/qm7zq8/230_rubicon_kens_nono_number_november/) and [Frog in the Ice Cream Machine.](https://www.reddit.com/r/Superstonk/comments/r8rvi8/frog_in_the_ice_cream_machine/) As time has gone on I’ve looked back at previous DD and observed what panned out as expected and what went against expectations. This post should really be taken in as something you can follow on your own if you like tracking different theories on what is happening on the short side of this game. + +There are likely apes with stronger TA backgrounds who could further this idea by fine tuning where these levels should sit. I feel confident in the slope being accurate, but the distance between lines might not really fit the golden ratio. I think its plausible that mm who are internalizing millions of retail orders might have proprietary trading algos that aren't just tuned to TradingView presets. I think people who have tried following price action using EW or other methods may want to take a look back on prior incorrect calls and see if adapting their analysis to this angled chart explains any misses. + +As a final word, because someone will undoubtedly say it, yes I understand the jist of "TA doesn't work on manipulated stocks". You aren't wrong, you'd have to figure out a way to account for the fuckery in the calculations and how could you even reverse engineer that. I'm not reading tea leaves with this post, I'm pointing out that it seems near impossible that retail panic selling or fomo buying would result in a year of consistently following parallel lines in tight channels that line up with traditional TA targets. I pretty firmly believe a computer is just doing its thing and we are along for the ride. +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. +So I'm in my early 20s, 40k in this TFSA account that my financial manager moved all into Franklin US Monthly Income Fund Series A (TML3640) maybe a year and a half ago, almost 2 years now. + +It's low risk, not doing great, and overall seems like a huge wasted opportunity for someone in their early 20s who doesn't need the money yet. At the start of the pandemic he said the fact it didn't drop a lot was why we were in it (stable), but he still wanted to put more money there instead of in other areas that did drop during the pandemic (where I thought there could be real opportunity for recovery growth or new sectors). + +So I didn't give him more money this year and put 10k in Investor's Edge (almost maxed my TFSA contribution room) and am up 25%, which I'm happy with. + +I haven't been able to get great answers from him when I ask why this fund? So does anyone else see something in it that I don't get? + +This manager is with Wood Gundy (parents have enough assets, I get umbrellad in) so I expected him to be great at his job, but so far I'm feeling more doubt than anything. But since he is with Wood Gundy after all I feel like he must be seeing something I'm not. + +Edit: thanks for the replies everyone! I am trying to reply to everyone (who isn't a troll). +I've had rolling personal loans for 8 years - my entire 20's I've had one hanging over my head. +Today, I made the last payment (with early cancellation fee...) and am officially debt free! + +I've put my savings on hold and have been transferring half my pay each paycycle to it, and honestly it's the best feeling. :) + +Almost $50K in loans over 8 years, all gone! +[Here](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bpublication_date%5D%5Bgte%5D=01%2F25%2F2022&order=newest) is the link to the SEC page which links to the ~~four~~ ~~three~~ FOUR (edit credit, twice, to u/guerillasouldier) regs: + +[Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03875/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-and-immediate) + +[Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03872/self-regulatory-organizations-fixed-income-clearing-corporation-notice-of-filing-and-immediate) + +~~Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework~~ + +[Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03879/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-and) + +edit: I linked twice to one url. I swear there were four, but one fell down the smooth part of my brain like a slide. credit to u/guerillasouldier for help. + +edit 2: Woohoo! /u/guerillasouldier coming in hot with the save with OCC doc scheduled for release 2/25/22. + +[Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation’s Governance Arrangements](https://public-inspection.federalregister.gov/2022-03962.pdf) +I understand the market consensus is 10 year up, tech down but there are so many media stories on this that it feels gamed...a lot of money talking this up. Any views? Thanks. +I was thinking about buying some iShares ETFs, namely AGGH, EIMI and SWDA for a simple lazy portfolio, but I saw the sustainable alternatives for the latter two, SUSM and SUSW. Of course my aim is to profit from it, but I'm also concerned with the sustainability of the holdings companies. Should I, or not, invest in the sustainable alternatives? +Hi, after about a year of stock picking (and ending up with a small net loss), I've decided I'd rather continue my job, be self-employed for additional income, and use the market as a partial "bank account" which provides an inflation hedge + growth. +Way less stressful, more satisfying. + +Now, looking at historical graphs, I see multiple indices (S&P 500, QQQ, AEX, I am from Europe) which had been essentially horizontal or range trading for 10-30 years before taking off. Imagine getting caught in there, dollar cost averaging for 10-30 years, and ending up with no profit, little profit, or little loss + ETF expenses + taxes. Errr, no thanks. + +Therefore I looked into value and growth ETFs. +I understand picking a value or growth ETF make sure you're invested in stocks likely to increase in value (as determined by some banker), from various sectors. Thereby putting the (passive) stock picking into someone else's hands. + +Now, my questions: If a stock underperforms, is it replaced by a better performer? Thereby lowering the risk of getting caught in a "horizontal index" for years, as happened with the S&P, QQQ or AEX, and instead providing more chances of growing in value? +Of course I also understand there'll still be chances of deep retracements in price, crashes, bear markets, etc. + +Historical graphs of those ETFs don't go back as many years as the S&P, to compare. + +I am also considering sector ETFs such as technology ETFs, but some have also been range trading for a number of years before taking off into space ("when will it end?"). + +Tl;dr: I am not looking for a "get rick quick" scheme, just trying to figure out an ETF group which provides a better purpose for my money than my bank account. +10-folding my money in 10 years time would be great, but what are the chances of picking the right stock/ETF. +So my main purpose is possible earlier retirement or having a bit of extra money to buy a home, for example. +I've read somewhere that VNQ pays an ordinary dividend, while VNQI pays a qualified dividend. Is there a way I can check this information? How do I know if an ETF is paying a qualified or ordinary dividend? +Hi guys, + +So I've seen some ETFs with ridiculously low volume especially for Canadian based ones. My question is, will this affect the liquidity when buying and selling out of that particular ETF? + +I've heard that the volume of an ETF does not matter at all, it is the underlying security of the ETF holdings that matters, is this really true though? + +Let's say you want to buy ZDI, international dividend aristocrat stock and the volume is only like 50k Canadian Dollars total for the day, if it's true that in terms of volume all that matters is the liquidity of the underlying, well what if those markets are closed when you're buying from Canada due to time difference? + +Your money isn't going to the underlying securities immediately, so it's being held somewhere in exchange for those ETFs, so who's providing that liquidity? The ETF company no? So, in certain cases it *does* matter how much volume is being traded no? + +Thanks, + +SimpleRick +Given an Exchange Traded Fund is (usually) based on the holdings of stocks within the fund I wonder how much of a roll supply and demand for a ETF plays into the price of that ETF. Let's avoid weird funds (like TVIX) for now and consider 'traditional' ETFs. If the number of investors in an ETF doubles but the value of the underlying stocks remains flat, will the price of the ETF change? I ask because Direxion is retiring several ETFs this month and I'm holding. +Question in title. We all are invested in ETFS because of reduced risk. Here to ask...what stock plays ARE you invested in, despite your preference for etfs, because you believe these stocks are a strong enough play? +Hi, I am beginner in investing and starting to learn a little on factor investing. It's a little confusing as l'm first reading about it. + +I really want to build a solid ETF portfolio (that has potential in beating the market) but don't know what that looks like. I keep hearing factor investing is the +way to go. + +The confusing part for me is what would an example ETF portfolio look like using factor investing? Example ETF portfolio ideas? + +I keep reading that small caps do well, as well as value stocks within a factor investing strategy. +Hello fellow ETF investors! + +I'm currently trying to help my mum creating a long-term (at least 10 to 15 years) ETF portfolio from her 120k life-insurance pay-out. I'm fairly new to this topic myself, but from the informations that I've gathered so far, I think a conventional 70/30 split (MSCI World/Emerging Markets) is the way to go for her as she is generally more on the risk-averse spectrum when it comes to finances. Also she does not need nor want to use the money in any other way during the whole investment time period. + +Her intention is not to create a savings plan with a monthly fixed savings rate (in addition to her current 120k starting capital), but rather only do a lump sum investment. + +This leads me to my first question: Is it generally advisable to invest a large amount of money as a lump sum or to split it up over, say, 6-12 months? +And also in case we invest it all at once, is it a good habit to not do it at the current all-time high rate and wait until there is a slight dip or doesn't this matter if it's invested over this long of a time period anyways? + +I know that timing the market is not considered good practice but it's really just about avoiding an all-time high rate. As additional information (in case that even matters), we are from Europe so our currency is the Euro. + +Thanks for the all the help! +Originally started with robo-advisor (ETFs) as a means to start my portfolio and invest through automatic deposits each month. Now 3 years later I have setup a broker account and began selecting other ETFs and stocks to further diversity my portfolio behind the Robo-advisor choices - choice stock, growth stock, sector specific ETFs, REITs. Beyond this I have never rebalanced a portfolio and have just been reading online to learn. + +Do I stick with a Robo-advisor with 0.6% management fees to handle balancing and rebalancing or do it myself? +Inflation was higher than expected and the yields on the 10 year are on the rise again. This is going to cause a 7 layer dip with each layer a foot thick. We’re not even through the first layer. + +Why? The market ran up because interest rates were low and dropping. This is about to be unwound. Companies could borrow cheaply and valuations (PE multiples) rise with low interest rates. If you think about what a stock price represents, it’s what you’re willing to pay today to own the rights to a company’s future cash flow. Future cash flows have to be discounted back to present value. When interest rates rise, discount rates should rise too, making future cash flows worth less today. So now PE multiples should start going down. + +So companies are getting hit in multiple ways. Inflation causes costs to rise. If a company increases their prices, sales drop. Increased interest rates make future interest payments higher. Valuations should go down. + +I think the market will be looking at the CPI reports (one came out hot this morning) and PPI reports (one comes out tomorrow morning) each month. If inflation continues to run hotter than expected, we could see drops each month like this. The market will be looking for signs that the inflation is temporary as the Fed predict, rather than permanent. + +“Buy the dip” but I think waiting and making small buys will be rewarded here. We could have a long way down from here. Good luck. +The ETF version of some big Vanguard funds has a lower expense ratio. Why is that? + +500 Index Admiral (VFIAX) .04% // S&P 500 ETF (VOO) .03% + +Total Bond Index Admiral (VBTLX) .05% // Total Bond Market ETF (BND) .035% + +Total Stock Market Index (VTSAX) .04% // Total Stock market ETF (VTI) .03% +Hi guys, what are the pros and the cons of either of those? + + +the QQQ has an absurd average return of 27% and it has a lot of multinationals. +but im also very new to this, can anyone tell me why I wouldn't just go 100% QQQ? +I’m having trouble understanding the difference between these two. The only difference I see is the expense ratio. If this really is the only difference then why would anyone buy the one with the higher expense ratio? +I’m bullish on the usual suspects, yet not on TSLA and FB. Looking for a large cap growth etf that excludes them while having large holdings in AAPL, GOOG, MSFT and AMZN. +Most emerging markets have comodities based economy. With the rise of the price of commodities do you think it is a good adea to put money in ETFs that focus on emerging market economy or specific emerging countries like Brazil and Chile? +Bill Gates, Mark Zuckerberg, Jeff Bezos, and a roster of other high-profile tech figures are launching a new organisation designed to invest in renewable energy technologies. +It is called the Breakthrough Energy Coalition, and says its aim is to create "a network of private capital committed to building a structure that will allow informed decisions to help accelerate the change to the advanced energy future our planet needs." +http://www.businessinsider.com/bill-gates-mark-zuckerberg-jeff-bezos-launch-breakthrough-energy-coalition-2015-11 +Edit: it seems I’ve angered some HOGE boys, my apologies. You’re right, they are both great buys :) + +Edit 2: from dev (fuk)- +“one last thing, rocket bunny is not like feg, hoge, shiba, etc. the only thing we share is large token numbers. the platforms released and TO BE released is a whole ecosystem. real fucking utility. so keep that in mind as you tell people about us.” +So my apologies to the dev for not giving this project the credit it deserves. + +Rocket Bunny $BUNNY- massive supply(7 quadrillion if I’m doing that right?) but 4% removed each transaction, 1% back to holders, 1% burned, 1% for auto liq and 1% extra for LPs. + +Obviously this is degen shit, no need to take out a second mortgage. But if you have a few hundred bucks to gamble you could be a BUNNY billionaire like me. + +Check out Rocket Bunny https://www.coingecko.com/coins/rocket-bunny +[Whistle Blown Year ago](https://www.rt.com/usa/359947-wells-fargo-customers-employees-blew-whistle/) + +Well the "I didn't know" ploy is out the window . . . .and yet . . .they still cant catch anybody? + +But Bonuses and Golden Parachutes go into Millions of dollars . . .seriously . .WTF? +About 75% of our stash is in various stocks / funds with eTrade for about 15 years or so- started by stock deliveries from my employer. I was contacted by a local eTrade rep and have agreed to meet an Edelman Financial Advisors rep for a review. It seems like an interesting exercise outside of eTrade and Edward Jones where we have other funds. (Edward Jones discussion with fastFIRE later.) + +I'm sure there is a pitch coming to give/reallocate something to Edelman from what the eTrade guy has probably told them about us as a client. I wanted to just get some feedback from others who have used/considered/passed on Edelman if you're on the other side of FIRE. I didn't see Edelman referenced in fatFIRE. Personally, my thoughts are it's like getting your insurance review from another carrier. Unless they have something pretty awesome, I got us to fatFIRE so they'd have to have some sort of economical interesting options for us. + +FIRE away gang. + +\[Update 3/3/20\] + +The meeting went fine. He led with underscoring how much they focus on being a fiduciary and only provide solutions in our interest. Past that, just a bunch of the basics like life goals, risk tolerance (focusing on the last few days), when I want to actually stop working at my current employer. We are used to the wild swings of our FAANG stock so not thrilling, but we are with everyone else on this ride. Was sort of humorous asking me why the questionnaire showed me increasing my monthly spend by about 50% after quitting working. I said I'm going to have travel and hobbies and it should easily still be within what I project as well below a 3% level. I did get "homework" in that they want to see the cost basis for the funds in my Actively managed account. I thought to myself- "yeah me too", but EJ keeps that sort of a shell game so I'm thinking that could be interesting when I ask for that and never have asked from Ed Jones. Oh he mentioned in passing towards the end he thought the AUM would be "under 1%" but of course they have to look through everything and "tailor something very specific to your needs and risk tolerance". He didn't directly try, but my wife commented later that he didn't close her on abandoning Ed Jones so that was interesting. She does like the idea of being more clinical in the financial relationship so we don't have some sort of emotional attachment to the rep. + +I'm willing to see/hear what Edelman comes up with in a couple weeks and at a minimum, gives me some ammo before I meet for my annual Ed Jones cheerleading meeting. Will probably append a reply to this thread after our Edelman meeting. All of the feedback has been incredibly helpful for my first post to the group and for that I thank you all. More questions to come as I saddle up for getting my finances staged for the next adventure. +Hi everyone, + +Random question but felt like maybe the right place. Having a good a sleep makes a huge difference in life and wellbeing and the choice of bedding can makes huge difference (Matress, bed topper, pillows, duvet, linen etc). +Price doesn’t matter but really look for best beddings avalaible in the market to feel like I m sleeping in a Aman or Four seasons every nights at Home. + +Thanks + +EDIT : based in UK +Hopefully this fits in this group ( or maybe I should cross post into an aviation specific group). + +I know there are lots of people on here who currently enjoy using private air travel but are there any here who would rather be sitting up front? Does anyone here have experience making your aviation hobby into some sort of business or career? + +Me: 40M, single, $6-7M NW, $500k ish income, low overhead (except when airplanes are in the shop!) + +I have been flying about 4-5 years and about 1000 hours (PPL, IR, SEL, working on CPL and SES now). I have owned 3 planes in that time and its really been the one hobby that genuinely keeps my interest peaked and mind stimulated day after day. New ratings, new airplanes, new places to see. Fast/new or old/slow I really love it all. + +I make good money with not too much day-to-day with my current businesses (also, no real way to expense regular travel as the businesses don’t involve much travel (local service businesses) , could be retired but I need something to keep myself busy. + +Couple of paths: own/operate a plane on a 135 charter (have a family friend who does this in a PC-12), have some acquaintances who mange a pool of aircraft for their owners, could go fly right seat for 91/135 operators. + +A great example is Dick Karl, who writes for Flying magazine. Successful oncologist who went on to own and fly progressively more complex aircraft both part 135 and 91. + +I am sure there are many people here who will make the joke about marking $1M by starting with $10m or seeing this as a great way to end up hating something but I’m just looking for those who have experienced this firsthand. +I've done some basic calculations, obviously predicated on the knowledge I have of investment properties (which is obviously not comprehensive), and I just can't see how you can be in net positive cashflow with an investment property. + +Am I missing something here? + + +How do people justify having an investment property when they're like net -10-20k p.a? What have I not considered? + + +Thank you. +I own shares and one mid year call. Likely going to pick up more shares next week, but thought it may be wiser to go with LEAPs as I'm looking term horizon for PLTR. + +That said, I think PLTR will definitely be hitting $60-80 by 2023. Should I go with deep ITM LEAPs or deep OTM LEAPs. My understanding is the delta is closer to one the deeper ITM I am, thus allowing me to "control more shares" with needing to settle for buying less shares with commons. However, what's the benefit of deep OTM LEAPs? Appreciation/higher gains/more contracts per dollar? + +My brain isn't getting this right now... +Hello everyone, new to options + +If you were holding 300 shares of PYPL @ an average cost of $145/share would you sell weekly CC’s, monthly, or maybe closer to 45 days? & around what strike would you be looking at right now? + +I am thinking of purchasing more shares with the premium to lower my cost & would like to use this as passive income for the foreseeable future. Problem is the strikes near my cost don’t pay much when factoring in trading fees. I know I’ll need to take a bit more risk in selling CC’s closer to the money ($90) but I fear the shares being called away at a substantial loss to me if it passes the strike. Can’t help but feeling like I’m picking up nickels in front of a steamroller. + +What would you do? +Thank you all for the advice. +I've been selling covered calls for the past 3 months on a weekly time basis with a few of my stocks. I've been really lucky and are good at reading the charts and predicting some really good optimum plays when I sell my covered call on Monday and having expired on Friday. + +I've been researching the wheel for the last week and I really want to dive into it. On the guides and reviews that I've been reading about the wheel people suggest usually to sell your cash secured puts and covered calls 30 to 45 days out. Have yet to see a review or somebody telling me that it's a good idea to do a weekly cash secured put or covered call. + +I much more used to weeklies. So a monthly or even 45 day option out is definitely an uncharted territory for me. Thus I'm concerned about my success with it. What are the advantages and disadvantages of weekly versus 30 to 45 days out for cash secured puts and covered calls, specifically when I'm running the wheel? +There are almost no buyers. A couple traded for $0.01 the last market day, but mine didn’t sell. I had a GTC limit order at $0.05 for a few weeks, but no luck. I contacted Fidelity and they said there’s no way to get rid of them besides trying to sell them. + +Can I list them on a specific exchange and have a friend buy them, and then venmo that friend? Is that illegal? + +Is there any other way I can dump them before year end? + +EDIT: They are 1/21/2022 ICLN $35 calls. I guess I’ll try to market sell them every day, and if they haven’t sold by 12/30 I’ll try a tricky spread thing. + +EDIT 2: I called Fidelity and they said they can put in a “cabinet order” which is a special designation to try to dump the shares. Still no guarantee, but the rep said they’ll try it and I can call back tomorrow if no fill. +Austin Texas area, 26m. Gross about 33k now... The plan was to have more than 20% for a down payment and be in a house in 2022. Used to be about 170k, 2-3% interest for a new house. That dream has been flushed down the toilet. They're now 280k and whatever 5%+ the interest is now. I literally need to double my income and save 20-40k more to be where I was/would have been. + +Currently putting combined 6% into a pre tax 401k. Tried to change it... but employer... About 80% of my money is in a 1% interest savings account. I was kinda looking into certificate of deposit but just not sure about it. I hate the sound of this, but is there something that can grow my money over 5\~ years and take it back out when I need it? Hopefully to buy a house. Just wish I didn't have to wait that long... + I love hearing memorable trades from the year especially because I am brand new to the game. I'll go first. + +So there has been a particular meme stock (I won't name because even though I have no open positions anymore I don't want this to seem like a shill) that has been talked about a ton on reddit. Well I was late to the party but did not realize it and took out some really aggressive calls that expire today. I put about 50% of what I deposited into them initially. The stock went up a bit and I was up 20%, I said to myself wow this is going to keep going up. Then the stock dipped to below where I had entered, I said of course im going to dump the rest of my deposit into the same calls when the dipped and double the profit I was going to make before. + +&#x200B; + +They never even went back to break even and lost 100%, will have to wait a bit (make some more $ (before re entering the market and probably staying away from aggressive options in the future lol + +edit: my 3 fav ones so far. All a mix of degeneracy ahaha + +https://www.reddit.com/r/stocks/comments/wmp22s/what_have_been_your_bestworst_trades_this_past/ik0k9th/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +https://www.reddit.com/r/stocks/comments/wmp22s/what_have_been_your_bestworst_trades_this_past/ik0ll2w/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +https://www.reddit.com/r/stocks/comments/wmp22s/what_have_been_your_bestworst_trades_this_past/ik0iex0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Anyone have experience with this? I have a 2021 AMG Mercedes GLE 63 that is now having "software issues" for the third time preventing it from starting. State law says after the fourth they have to give me a free replacement, but at this point of 9 months of ownership I'd just as soon accelerate that if possible. +So after tax, insurance and 401k my take home potion of my pay is $825. I graduated like 6 months ago and started my job in April. I had to take a loan 30,000 during Covid (for college but I found a job after awhile and started making loan payments) and I have about 16,000 left to pay. My goal is to pay it off before 2024. I do have like 2k in credit card debt. So my expenses are : +Rent :$1525(NYC 😖 I honestly don’t think it’s possible to find a cheaper place than this. Last week my next door apartment(same floor plan) got rented out for $2300… my building is rent control and I have been living here for awhile ) +Phone+home internet:$120 +Con Ed: $80 (sometimes less) +Grocery: $500 +Eat out:$200(some months less and some months more 😑😑) +Loan: $550 +Hulu: $14 +Savings : $200 +Credit card :$200( when I have like 1000 saved up I put it towards the loan) +Transportation:$50( work from home and mostly bf drives me to places) +Savings for mom: $100 ( she doesn’t have insurance and I wanna be able to help if anything) + +How can I adjust my budget and not feel broke… I know I just finished college and started working full time… +I shop at Trader Joe’s.. I feel like their food has a good quality and less pricey. I have a very sensitive stomach and even a bad food smell makes me sick for days…. I learned that it’s cheaper to eat quality stuff than paying the emergency bill lol + +How do you guys stay in budget.. it’s supper easy to lose track…. And any suggestions on where to grocery shop? Whenever I look at my grocery bills I feel like I eat too much… but I like food!!! Luckily I don’t have to buy clothes and stuff for work because we are still working from home but I still wanna buy stuff sometimes and I feel guilty and horrible every time I get something 😓😓 +I'm biased towards the we're overvalued side of things. + +It seems like lately the *only* reasoning many give for the current market prices are the low interest rates. This idea to me does not flow with the idea that most investors demand at least some type of safety or risk aversion with their investment choices. + +Lower interest rates, easy money, and simply no where else to put that money to gain a return, won't last forever. Sure, up until some given point (and that is the key) investors will flock to the only option available for returns. However, in my opinion, that level will slowly wane as the market rises along with the risk associated with it at these price levels. I don't believe investors will continue to put their money to work in a market that (at these price levels) only brings a higher level of risk with it. At some point money will stay on the sidelines. + +Low interest rates just might cut it as a qualifying reasoning for the current valuations, but they won't be the reasoning for a correction/recession if it occurs and stays. + +Low interest rates that fueled this IMO excessive market rally will eventually be named the cause of the eventual correction. At that point whether money on the sidelines flows in will be dependent upon the economic/stimulus conditions at the time. +**Disclaimer: None of this is financial advice.** + + +Before reading this post: + + +Please don't lecture me that the GME floor price is an absolute possibility. I am a hardcore ape who fully believes that the average MOASS price will be 1M+. I have looked at the total assets under management (AUM) tied to SHFs, MMs, PBs, Clearing Houses, and M1/M2/M3 money supplies etc, and I think that there is enough money to support 1M+ prices. If you think that I am price anchoring or FUDing then please downvote this post and move on with your lives. The intent of this post is to convince you that someone who doesn't frequent GME subs thinks that 1T+ marketcap for Gamestop is a meme that's just meant for shits and giggles. I intend to make another post later on to figure out whether the evolution of floor price from 1k -> 10k -> 30k -> 100k -> 1M -> 10M -> 30M within a matter of two weeks was part of psyops to make GME crowd look delusional. Let's leave the floor talk for another post, shall we? + + +Here we start. + + +**I will be honest with you guys, I am really hoping that RC takes some more time to figure out the NFT dividend thingie.** + + +No, it's not because I don't want to be rich. I am a broke grad student who lives paycheck to paycheck. I just want to be financially free so that I never have to beg for awards, fellowships, grants etc. to do my research in Combinatorial Optimization (if you wanna figure out who I am, it won't be hard with this information). + + +And no, it's not because I want to load up on more shares because (a) I don't have any extra money remaining to buy more shares and (b) I already have enough shares (an XX ape who intends to diamond hand 90% shares forever). + + +I am already certain that I will be financially comfortable just based on Gamestop's fundamental value (with or without MOASS). No matter where this saga goes I can make a living by just selling one share per year, so I have nothing to lose by diamond handing most of my shares at 1M+ prices if it can ensure that .X and X apes also get to make life-changing money. + + +The reason I want MOASS to happen through DRS is because it's the most just way. It would go on to show that the crowd that held GME from January until MOASS (and beyond) didn't just jump onto a get-rich-quick scheme, but rather continued to have a firm belief in the company and the thesis that its shares were illegally short sold. Let me expand on this. + + +**Conviction in our thesis** + + +If we believe that the float has been short sold at least 2-3x, then it's only a matter of time before the entire float is registered. Either we fully trust in this hypothesis, or we don't. There's no half-assing here. + +**DTC hiding a big chunk of the true short interest in the first part of MOASS runup** + + +I don't want history books attributing MOASS to retail hype. Imagine if Gamestop's NFT news attracts a huge FOMO crowd from the crypto world, and MSM says that short hedge funds went bankrupt because of a sudden rise in the stock price. SHFs, MMs, and PBs are guaranteed to go poof in this saga, but our end goal is also to shed light on the big bosses who were accomplices in this crime (think SEC, DTC, Mega Corp, the Fed). + + +IMO, there are a huge number of non-hardcore GME holders (mostly who haven't DRSed) who would be more than happy to sell most of their shares at 10k if we reach that price within the next few months. Again, this won't stop the rocket because it's very likely that redditors own at least 1.1x of the float (DRS+brokerage+IRA) and many apes here will be diamond handing until they have jet plane money (no, the worst case for us is lambos and not food stamps). I am also sure that most diamond hands intend to never sell most of their shares, so none of the diamond hands are gonna miss out on the second half of MOASS (the true MOASS). + + +A minor problem with a premature MOASS is that short interest worth 50-100% of the float can get swept under the rug along with FOMO buying from the crypto crowd. Imagine a scenario where 200M shares get sold over a span of 2 weeks for an average price of 5k. Let's say all non-mega financial institutions go poof because this cost them 1T. Let's say 150M of these shares were newly bought shares from the crypto crowd that were sold for near-instant profit and 50M shares were longs (originating through naked shorts) sold by non-hardcore retail investors. This is entirely possible for the first half of MOASS as it only costs them 1T (20-25% of the wealth loot that happened during the pandemic). + + +Is this a problem for the second half of MOASS? Not at all. Hardcore apes think that 10-15k share price (sub 1T market cap) is the fair value of the stock just based on fundamentals alone. If the above scenario plays out, then DTC gets to control the narrative for the latter half of MOASS. They will sweep 50M of short interest under the rug and then they will throw SHFs, MMs, and PBs under the bus for illegally shorting 1.1-1.5x of the float. This is "bad" bad news for the American stock markets, but not bad enough to cause a complete collapse. It will only show that a few big players abused their market privileges (Kenny is the new Madoff). + + +**IMO, this is not justice.** + + +I so want to see the headlines "Gamestop announces that all its shares have been registered with their transfer agent. The company is issuing a share recall for all counterfeit shares held in brokerage accounts." + + +Don't you all long to see this once-in-a-human-history event? I do. + + +Buy real shares from ComputerShare. +Hold shares in your name at ComputerShare. +Initiate DRS transfer to ComputerShare. +Shop at GameStop. + + +**Disclaimer: None of this is financial advice.** +I had to sell my house due to a divorce this year. We both made out pretty well selling a 4BR SFH. I plan on buying a house in 1-2 years after seeing how things pan out with a current prospect. That being said I read on here that if you need your money in the next 3-5 years it's better to just keep it in a savings account. Are there some better alternatives for this period of inflation? +After 6 months of continuous down trend, this stock is finally ready for a huge run. + +Bullish reasonings + +Fundamental: + +* high shipping demand = high cost per shipping +* 2021 June revenue went up 10x compared to 2020 June +* 40M cash balance with 6M cash burn +* Just purchased additional vessel for 18.7M + +Technical: + +* Double bottom with bullish RSI divergence +* Daily MACD signal just crossed +* Falling wedge breakout +* About to break above 50ma which is sitting at 2.26. Upon break out, 30 MA will cross above 50MA and weekly MACD is about to cross for the buy signal. + +With only outstanding shares of 95M, this stock could squeeze to 20$. + +&#x200B; + +Since the post stock went up 10% +I'm just about to start renting out my first condo and I plan to purchase more properties in the next 5-10 years, all specifically for renters. I'm wondering what the benefits are of forming a "property management" business, versus not? Are there better tax breaks if I form an LLC? Am I giving up anything by purchasing/listing the properties under the LLCs name instead of my personal? I know this is a loaded question so I'm open to any kind of feedback or guidance to material that can help me better understand the pros/cons. Thank you! +I used to have 2 accounts in scottrade and 3 in TD Ameritrade. After they merged, I have 5 accounts in TDA + +Now I have one account in Schwab and it looks like I will now end up with 6 accounts in Schwab. Yaaaawn. + +Free commission is killing brokerages. I love the zero dollar trades but I like different platforms and FINRA allows only one margin account per brokerage. At least that was what I was told. So now my three margin accounts will become one. + +Before anyone asks, I pursue different strategies in different account. For example, Schwab is fully electric cars and green energy. It also helps me psychologically block out those investments when I am working on another brokerage. + +I would hate to lose thinkorswim. Anyone knows if we will all be moving into one Schwab platform? That would suck. + +I love Schwab for one reason, maybe two - they have zero commissions even on OTC and pink sheets, and ADR fees are lowest. + +I also have chase you invest and they still have the nerve to charge 2.95 a trade. My Merrill lynch also has zero commissions now. I closed interactive brokers because of the annoying mobile app platform and too many login restrictions and security checkpoints. I have no time to get on a desktop trading software. +It is beyond dispute that with more savings comes a confidence and an increasing ability to put people in their place. I would love to hear about those instances at the workplace which you could afford to do because you had some cushion to fall back on if need be. +Could Australian government intransigence on AML and CTF legislation reform be responsible for distortion of the Australian real estate market? + +We have been waiting for the tranche 2 AML legislation for 16 years (since 2006). + +&#x200B; + +With immigration, overseas students, Bank Of M&D and so on being dispelled as prime movers, money laundering stands out like a shag on a rock. + +[savings.com.au](https://savings.com.au), Jacob Cocciolone - Money Laundering is driving property boom: ASTRAC - 11 Nov 2021 - "Australia is one of only three countries in the world behind Madagascar and Haiti failing to introduce regulations on identifying how certain types of businesses manage the risks of money laundering and terrorism." + +&#x200B; + +[https://www.savings.com.au/news/money-laundering-is-driving-property-boom-austrac](https://www.savings.com.au/news/money-laundering-is-driving-property-boom-austrac) + +&#x200B; + +The Guardian article, Nov 2021: "Weak and outdated laws are allowing widespread money laundering in the property sector, making Australia a “destination of choice” for illicit funds" + +&#x200B; + +[https://www.theguardian.com/australia-news/2021/nov/09/widespread-money-laundering-in-property-locking-out-australians-from-owning-homes-senate-told](https://www.theguardian.com/australia-news/2021/nov/09/widespread-money-laundering-in-property-locking-out-australians-from-owning-homes-senate-told) + +&#x200B; + +SBS Article, Jun 2019: "Money from international drug trafficking and other crimes is flowing into the Australian housing market and potentially distorting prices for everyday Australians looking to buy a house" + +&#x200B; + +[https://www.sbs.com.au/news/australia-is-failing-to-combat-dirty-money-entering-the-property-market/c27a85af-c8a4-4cc5-bdb0-9e45a01a4735](https://www.sbs.com.au/news/australia-is-failing-to-combat-dirty-money-entering-the-property-market/c27a85af-c8a4-4cc5-bdb0-9e45a01a4735) + +&#x200B; + +AUSTRAC 2015 Strategic analysis brief - Money laundering through real estate 2015: "As an established money laundering channel, criminals are likely to continue to launder money through real estate. " + +&#x200B; + +[https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/strategic-analysis-brief-money-laundering-through-real-estate-2015](https://www.austrac.gov.au/business/how-comply-guidance-and-resources/guidance-resources/strategic-analysis-brief-money-laundering-through-real-estate-2015) + +&#x200B; + +&#x200B; + +The senate hearings were due to be released on tranche 2 in March + +&#x200B; + +Norton Rose Fulbright, Nov 2021 - Hearings held on the inquiry into the adequacy and efficacy of Australia's AML-CTF regime: + +&#x200B; + +[https://www.nortonrosefulbright.com/en-au/knowledge/publications/38faed1f/hearings-held-on-the-inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime](https://www.nortonrosefulbright.com/en-au/knowledge/publications/38faed1f/hearings-held-on-the-inquiry-into-the-adequacy-and-efficacy-of-australias-aml-ctf-regime) +So...the pandemic... + +My wife and I are ready to enroll our 1st grader into a private school for the remainder of the year and possibly into 2021/2022 if things don't open up on the public side. + +We have about $7K in a T Rowe Price College Savings Plan (with $200/mo contributions) and it allows for $10K a year to be used tax-free for K-12 private schooling. + +Wondering if it makes sense to dump $10K or so into that account to start making a bit more while we begin pulling from it in the next year. Not sure if it's worth the short term gains (or risk), but wanted others' thoughts. + +Thanks in advance. +Pretty much what the title says, I recently inherited 1.5-2 million worth of land and depending on mining possibly another 5 million in mineral royalties (I've signed a mineral lease and mining is planned to start in 1-1.5 years) I've never expected to be worth this much so I have done very little to prepare for it. + +Despite the value of my inheritance it produces *very* little money, ~17,000 per year, possibly increasing to 25,000 after this year. + +I don't have an in depth knowledge of investing, but I know the average return is 8% on the S&P 500, so I know investing is a strong choice. + +I currently earn around 45k per year, and my partner is finishing nursing school this fall and should be earning around 70k after starting work. + +My dream scenario is to liquidate the estate and have enough investment income to bring in at least 100,000 inflation adjusted $ per year without drawing down on my net worth. I would like for it to keep growing. + +What amount of money would I need in what kinds of investments to be achieve this? +I want to preface this by saying I am in a unique situation at my age. + +I recently took a financial planning class in college and have begun my retirement plan based on that. I currently have $54,xxx to my name, of which $49,000 is in equity, which, breaks down to the following: + +* $20,000 in a Vanguard 2055 retirement mutual +* $6,000 in a Vanguard S&P mutual fund +* $21,000 in various S&P ETFs (SPY, SCHG, RYT, IJT, etc.) +* $2,000 in Amazon + +From shareholdings in a private company, I receive $14,000 a year which has gone straight to my brokerage account; I never spend any of it. + +My question is, how much of the disbursements should I put into a retirement account versus ETFs and Mutuals for the following: + +* I want to live in the Bay Area and want to own a house by age 30 (600k+), is this goal possible? +* If my job offers a 401k that I plan on participating in/maxing, should I shift the weight of the retirement portfolio to other funds? +* When should I start saving money for my future child/children's’ college fund? +* Am I putting too much into retirement too early/save for other things (Car, House, etc.)? +* Finally, is there anything else I should do to set myself up for financial freedom? + +A little more about me: +21 going to a mid-level university in California; Studying Econ, Finance, Accounting and plan on going for a CFP/CFA/CPA have not decided which yet; I spend money irrationally when it is not invested -- Stupid things like expensive clothes, but am working hard to change this; After university, I want to become a financial planner as well. + + +As the title says, when I moved in my landlord said that he would sort out getting me put on the council tax system (I have never dealt with any of this stuff before so know nothing about it). + +I have been living here for 9 months now and haven’t been contacted in any way by the council and I’m not sure what I should do at this point. I have been setting money aside assuming that I might have to pay it in a lump sum at some point. + +I have tried finding a way to contact the council (I live in Glasgow) but I can’t find a phone number to talk to someone about it. + +Any help much appreciated. Should I wait for the council to get in touch with me or should I be proactive here. +We're too fucking poor to get any of our loved ones gifts. We weren't even going to afford the 6 hour drive back home to see everyone but my aunt gave us gas and food money. + +As soon as I told my mom we were coming she added me to a white elephant and the gift exchange. I thought I could get away with cheaper presents, but we got two nerd guys who asked for a steam giftcard and some dnd figures. Not extremely expensive but we are tight this month. + +Then my sister is getting me a gift, as well as my mom. And whoever got us for the exchange. And probably my other sister, grandma, aunt... + +And we have nothing. I'm too embarrassed to tell my mom we cant really afford gifts because they already gave us some money last month. + +I was literally scouring CL and FB for a free coffee pot for my husband because hes wanted one for months. Cant find one. Still feel like garbage. + +Thinking about not even going home. + +I drew pet portraits for my in laws but stopped at the third one because it feels so stupid to gift people your art when they didnt ask, and my printer is running out of ink so I cant even print them. + +Sorry for the rant. I just feel like shit. I think I'll use our EBT for some gift chocolate. + +EDIT: Wow, you guys are all amazing people. I asked my mom if she had an old coffee maker lying around, and she offered to buy one for my husband's stocking (lol). Thank you all for your generosity ❤ +(23m) My cars pretty much on its last leg. Don’t even feel safe driving it. I live in a state where I kind of NEED a car. What should I do? I even spent a pretty decent penny trying to get it fixed, and seems like I got somewhat fucked over on it. I need something else to get to and from work. + +To add to that I’m in a pretty tough living situation and need to get out of it asap as it’s a drain on my mental health. + +Edit: Wow didn’t know this got so much traction. I’m gonna look through all the advice given. Thanks man. +Should this sub introduce a minimum karma requirement before being able to post/comment? Almost every post right now is just people shilling coins and brand new accounts spamming “to the moon” “1000x potential.” I feel that many new people here could actually fall for this. Let me know what you think. +**$3M MARKET CAP. 1500 HOLDERS. FAST GROWING COMMUNITY** + +MoonJuice, the first Crypto Backed Energy Drink on the the Binance Smart Chain + +As a 1500 holder milestone, they've just doxxed the first core team member! As they approach more milestones, more information about the core team will be disclosed and updated on their website. + +"Chris has 5+ years in the e-commerce industry, working with the likes of Ebay, Adidas, Puma, Lenovo and Dell." + + +Join the community and read the full breakdown! +[https://www.t.me/MoonJuiceOfficial](https://www.t.me/MoonJuiceOfficial) + +They have an INSANE roadmap that has just been dropped for the 1500 holder milestone as well! Here's just a glimpse: + +🚀 **UPCOMING PLANS** + +* First Audit +* Energy Drink Launch +* Extensive Marketing +* Partnerships x Collabs +* Exclusive NFT Drops +* Deploying V2 of Website + +💥 **TOKENOMICS** + +4% Tax on ALL transactions: + +2% Automatically contributes to the liquidity + +2% Equally redistributed to all holders + +Initial liquidity burnt forever + +Slippage 5-10% + +This team is actually legit, with more of the core team revealing identities as the project continues. They have been absolutely crushing the marketing and they are only just now getting started. + +You will want to make sure you hop in on a project like this before it becomes the next MoonPirate. Their product and branding is absolutely on point for a bunch of crypto trading chads/ + +😎 [Doxxed Dev](https://twitter.com/themoonjuice/status/1386155432192856074) + +🔥 [Burned Liquidity](https://bscscan.com/token/0x44c59fbd1e59cAE9b7c662ffc22117F20B0b653d#balances) + +🔥 [1500 Holder Burn Milestone](https://bscscan.com/tx/0x717de52d2f51f8fcbf1bd1ec249bc39bcadc81526bf5224d049c25998499b1b3) + +🔒 [Vested Team Tokens](https://dxsale.app/app/pages/dxlockview?id=0&add=0x84DA89224132291c4D1B3B3AAC60c43B74A7c16b&type=tokenlock&chain=BSC) + +🔒 [Liquidity Locked](https://dxsale.app/app/pages/dxlockview?id=0&add=0x84DA89224132291c4D1B3B3AAC60c43B74A7c16b&type=tokenlock&chain=BSC) + +✔️ [Buy On PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +📈 [Chart](https://poocoin.app/tokens/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +🖥️ [Website (V2 Next Week)](https://www.moonjuice.app/) + +🏠 [Telegram](https://t.me/moonjuiceofficial) + +💬 [Twitter](https://twitter.com/themoonjuice) + +🔎 [BscScan](https://bscscan.com/token/0x8087e4c1735c1373f0d04b88d4dbe1fae1149123) + +👍 [SubReddit](https://www.reddit.com/r/MoonJuiceOfficial/) +Hey guys I don't know where else to go with this. I've been in contact with them for over 2 weeks, each time having to re explain the situation and starting over. I started my account with a debit card 2 years ago. The debit card and the checking account tied to it no longer exist. When I added my new bank account and requested to withdraw they said I must withdraw to the debit card first. When I told them that it no longer exist they said to just "try it" and that my bank should know what to do. I did a test with 20$ and the money essentially just vanished. No longer in my Oanda account and banks told they don't have anything. I called them back and they now requested a written statement from my bank, stating the debit card of original deposit no longer exist. I did, twice one from a branch manager and another statement from corporate office. Now they are saying the card on the statement does not match my requested withdraw!!!! (The statement says my original debit has been closed) THAT'S THE POINT!! I have a very small account of only 900$ but I feel very cheated and losing hope of ever seeing my money. Not sure if these guys always do business like this just to small account owners. What recourse do I have? Thanks in advance +New trader here. Constructive criticism is really appreciated. Only focusing on one pair at the moment as I've realized that helps me keep in the blues as I can notice and follow the trends etc. + +&#x200B; + +One of my best trades yet! + +https://preview.redd.it/o0k1wloxd0h61.png?width=1828&format=png&auto=webp&s=466b0cd24f45ac459db9e637d2d632a308cc1b02 +https://www.theglobeandmail.com/politics/article-airlines-covid-19-rescue-negotiations-at-critical-stage-sources-say/ + +By Robert Fife + +The federal government and Canada’s airlines are at a critical stage in backroom negotiations that could soon end months of haggling and result in a multibillion-dollar rescue plan for the pandemic-hobbled industry. + +Michael Sabia, the veteran corporate executive recently recruited as deputy minister of finance, is close to finalizing a bailout package, according to one government and three industry sources briefed on the talks. + +The Globe and Mail is not identifying the sources because they were not authorized to discuss the negotiations. + +Talks between Mr. Sabia and the industry have been going on for weeks, with all the participants signing non-disclosure agreements as Finance Department officials delved deeply into the financial records of airlines both big and small. + +One of Canada’s biggest business lobbies is urging Ottawa and the airlines to wrap up their negotiations quickly. + +“Support for the airline sector amounts to relief for the entire supply chain that is fed by it, including small businesses. Action by the federal government is needed now. Time is not our friend,” said Goldy Hyder, president of the Business Council of Canada. + +Any government rescue package would require the airlines to refund customers for flights cancelled because of the pandemic, an amount estimated to be in the billions of dollars, the government source said. + +Ottawa is also demanding that no bailout money go to executive bonuses; that key regional routes be maintained; and that airlines not cancel orders for aircraft that would affect jobs in Canada. It remains unclear if equipment purchases remain part of the talks, according to the government source. + +The government has taken off the table its demand for board seats, but it remains open to some form of equity ownership in return for low-interest loans to the industry, the government and two industry sources said. + +Mr. Sabia, the former chief executive officer of Caisse de dépôt et placement du Québec, took the reins for the negotiations from Transport Canada after he was recruited as the deputy minister to Finance Minister Chrystia Freeland in mid-December. + +Canadian Chamber of Commerce president Perrin Beatty said Sunday it is critical that Mr. Sabia and the airlines conclude a deal as spring approaches and the general rollout of vaccinations begins. + +“If you look at the impact on local communities across the country who have seen air service reduced or cancelled altogether, the economic and social impact is devastating,” Mr. Beatty said. “It is clear that the travel and tourism sector will be one of the last, if not the very last sectors to come back, and that means we need to provide assistance that is tailored to the assistance they need.” + +As part of a possible package, Ottawa has also set aside $207-million to help smaller airports adjust to the upheaval in the industry, which could see smaller airlines take over remote routes. + +One industry source said the airlines are counting on Intergovernmental Affairs Minister Dominic LeBlanc to work out an agreement with the provinces on nationwide pandemic travel rules. This is not only crucial for the airlines but for the hospitality and tourism industry, which is dependent on airline travel, the source said. + +“Given global uncertainty, Canada must prioritize domestic travel and negotiate a transparent and clear policy with provincial governments,” Andrew Gibbons, WestJet’s director of government relations and regulatory affairs, told the Commons transport committee on Feb. 4. “This could be based on COVID levels or a percentage of the population vaccinated.” + +The Calgary-based airline was not happy with the federal cabinet’s recent decision to approve the takeover of Transat by Air Canada, which gives Canada’s largest airline an even more dominant position. +These are the key messages from the Bank of Canada's 2022 Financial System Review: + +* Central banks around the world have shifted their focus from providing pandemic-related stimulus to responding to the significant increase in inflation. The lasting effects of the pandemic on supply chains in the context of strong demand for goods and the ongoing Russian invasion of Ukraine are complicating these efforts. The tightening of monetary policy globally will test the resilience of the financial system and could worsen existing financial vulnerabilities. +* In Canada, elevated levels of household debt and high house prices remain two key interconnected vulnerabilities. Many households have seen an improvement of their net worth and liquid asset holdings over the course of the pandemic. At the same time, the share of highly indebted households has risen. Those with high debt are more vulnerable to a decline in income and will face more financial strain when they renew their mortgages at higher rates. +* House prices rose more than 50%, on average, during the pandemic. Expectations of future price increases and increased investor demand likely contributed to this rise. A moderation of housing markets could reverse these forces and amplify the decline in prices. Significant drops in prices would reduce household wealth and access to credit. +* Publicly traded non-financial businesses are generally in good financial shape and appear well-positioned to handle higher interest rates. Previously, concerns were that the pandemic would cause unsustainably high levels of debt across the non-financial sector. But this has not occurred. The vulnerability associated with the reliance of some businesses on high-yield debt markets has also diminished. +* Fragile liquidity in fixed-income markets is an ongoing structural vulnerability. A sudden spike in demand for liquidity from asset managers could exceed the willingness of banks to supply such liquidity, causing large price movements and a potential freeze in some markets. The recent tightening in financial conditions and increased market volatility have reduced liquidity. +* Cyber threats represent a continued vulnerability given the interconnected nature of the financial system. With the ongoing war in Ukraine, state-sponsored cyber attacks are occurring with greater frequency and sophistication, increasing the risk of a successful attack on a Canadian financial institution or financial market infrastructure. Such an attack could have far-reaching effects on the broader financial system. +* The war in Europe has further complicated the transition to a low-carbon economy. In the short term, concerns around global energy security are likely to delay the transition, while the long-term impact is highly uncertain. Overall, the risk of a quick repricing of assets exposed to climate change has increased. +* Cryptoasset markets continue to evolve and grow rapidly, and price volatility remains high. While they do not yet pose a systemic risk to the Canadian financial system, the lack of a regulatory framework means they operate without many of the safeguards that exist in the traditional financial system. This exposes investors to risks such as large and sudden financial losses due to fraud, price declines or a run on stablecoins. + +Source: [https://www.bankofcanada.ca/2022/06/financial-system-review-2022](https://www.bankofcanada.ca/2022/06/financial-system-review-2022) + +Webcast can be found here at 11: [https://www.bankofcanada.ca/multimedia/release-of-the-financial-system-review/](https://www.bankofcanada.ca/multimedia/release-of-the-financial-system-review/) +Hi Everyone, + +I know it's a silly question, but sometimes it helps to get opinions and reassurance from experts such as yourselves. + +Is it enough for me to just stick with VEQT.TO only for the long term? 25 Years+. + +I bring it up because I have friends and coworkers who tell me to invest in things like Bitcoin and even the ETF (BTCC.TO). They tell me stories their return is 200%. They bring up subjects about their return in individual stocks that outgained the index fund and that I only get a measly 5% per year from VEQT. + +I just feel I want simplicity by focusing on DCA in VEQT.TO every 2 months and just forgetting about it. I'm sometimes conflicted on what to invest in because of the mixed information. + +Thanks Everyone. + +I've learned a lot over the years from this Reddit by reading and browsing. You guys are the best. + +=) +Just came into $200,000 investable money, + +Me and my spouse’s TFSA contribution room - 147,000 +Not interested in RRSP’s at this time just looking to see what some other Canadian investors would do + +I like dividends , I don’t mind paying for mer rates for ETF’s and I’m not apposed to index funds - timeline is about 15 years I have everything else sorted out in terms of finance and just throwing out the question to Reddit to see what others would do + +Thanks again, + +Stay safe +Hello, I could use some advice from those who know more about managing debt in old age in Scotland: + +I've got a friend who's parent has been struggling since their partner left and stopped helping financially. They're semi-retired, and are the carer for their (adult) disabled child who lives at home, where they have some mortgage remaining on their home. They also have \~£40K in credit card debt at high APRs with 3 companies, debt largely accrued due to the separation and their being extremely dyslexic and financially phobic, making money management so anxiety-inducing that they go catatonic. The largest single card has over £20K on it. + +It took a long time but they eventually divulged the scale of the problem to my friend, their child, and have been asking them for help to the tune of up to £1000 a month to pay it off. After several years of this my friend asked what the debt stands at: The answer was still £40K! All that help was just paying off the interest and has never touched the principle. + +I am angry about this for a lot of reasons; our system is so rigged that it's easy for a neurodivergent person to get themselves into this mess and have no idea how to get out, especially when other people rely on them. Aside from anything else, who gives tens of thousands of pounds of commercial credit to a person who's about to retire on a tiny pension? You'd think there'd be checks and balances for that sort of thing. + +This has come to a head because my friend has just lost their job and can't afford to give their parent that kind of money any more. Even if they could, with this knowledge that the money has always just vanished into the APR and never actually helped the debt, it seems unfair to spend thousands of someone else's cash to not even fix the problem. It is not a tenable situation. + +I'm a people-person, I'm good on the phone and so offered to be the go-between actually on call with the banks or related institutes as we figure this out. But I'm not sure where to start, because I don't know what a solution would look like. I've done some research and learned about things like [Scottish Trust Deeds](https://www.citizensadvice.org.uk/scotland/debt-and-money/help-with-debt/what-options-are-there-for-dealing-with-debt/trust-deeds-in-scotland/) but am unsure where to start. I am a little wary of such programs because they seem to take a chunk of money for themselves as payment (fair) to be a go-between for the institutions and the client, which is something I'd be happy to do for free, if it's something in the realm of possibility for someone without a DipFA. + + Any advice or ideas would be most welcome. + +Edit: Thanks for all the recommendations for StepChange. We've tried putting them in touch with CAB before and not much came of it, so this time we'll be with her every step of the way. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, I'm a little short on time to write this, so I'm going to have to keep it simple: I cannot express how much I appreciate all of you, and what this community has become. Whenever I get the urge to check out the other subs related to 'meme stonk' trading, it is a nearly instant reminder as to just what a special place this is. Mixed into a steady stream of purple rings, we see some truly great DD get shared, debated, sometimes debunked, and rise to the top, all while keeping things civil and productive. Just the right amount of hype, shitposts, and other discussion gets through as well. The mods have just the right touch to usher the community through the good times and the bad. The whole world is represented here, and the gusto that Apes everywhere bring as they Diamantenhände their shares is infectious. As we conclude this week and look forward to next week's earnings, I hope that we can maintain this quality community well beyond the MOASS. + +Today is Friday, March 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$102.37 / 92,35 €** *(volume: 709)* +- 🟩 115 minutes in: $102.36 / 92,34 € *(volume: 709)* +- 🟩 110 minutes in: $102.04 / 92,06 € *(volume: 619)* +- 🟩 105 minutes in: $101.90 / 91,94 € *(volume: 287)* +- 🟥 100 minutes in: $101.86 / 91,90 € *(volume: 274)* +- ⬜ 95 minutes in: $102.18 / 92,19 € *(volume: 274)* +- ⬜ 90 minutes in: $102.18 / 92,19 € *(volume: 221)* +- 🟩 85 minutes in: $102.18 / 92,19 € *(volume: 195)* +- 🟥 80 minutes in: $102.02 / 92,04 € *(volume: 194)* +- 🟩 75 minutes in: $102.40 / 92,38 € *(volume: 193)* +- 🟩 70 minutes in: $102.36 / 92,35 € *(volume: 183)* +- 🟥 65 minutes in: $102.34 / 92,33 € *(volume: 181)* +- 🟩 60 minutes in: $102.34 / 92,34 € *(volume: 176)* +- 🟥 55 minutes in: $102.32 / 92,31 € *(volume: 176)* +- 🟥 50 minutes in: $102.33 / 92,32 € *(volume: 167)* +- 🟩 45 minutes in: $102.39 / 92,38 € *(volume: 167)* +- 🟩 40 minutes in: $102.33 / 92,32 € *(volume: 166)* +- 🟥 35 minutes in: $102.30 / 92,30 € *(volume: 150)* +- 🟩 30 minutes in: $102.49 / 92,47 € *(volume: 104)* +- 🟥 25 minutes in: $102.43 / 92,41 € *(volume: 104)* +- 🟥 20 minutes in: $102.45 / 92,44 € *(volume: 104)* +- 🟩 15 minutes in: $102.49 / 92,47 € *(volume: 96)* +- 🟩 10 minutes in: $102.48 / 92,46 € *(volume: 89)* +- 🟩 5 minutes in: $102.47 / 92,45 € *(volume: 89)* +- 🟩 0 minutes in: $102.29 / 92,28 € *(volume: 89)* +- 🟥 US close price: $100.56 / 90,73 € *($101.56 / 91,63 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1084. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Have noticed a few 'under offers' with properties I've been looking at in Sydney lately. Some have come up pretty quickly for places that don't seem like they'd be bashing down the door for offers, others remain listed 'under offer' for quite a long time. + +I was thinking this is all probably fairly normal, particulary in the current market but a recent incident makes me wonder if I'm missing something. + +So a property goes to auction and gets passed in. I didn't see PI price but soon after is listed at 1.25m-1.32m. I've kept a very close eye on the market for the past 2 years and the range comfortably looks $200k out of whack. A nearby and also new property sold for 1.05m back in March. There are a few pluses and minuses between the two properties but I would hazard any benefits in favour of the more expensive place are cancelled out by a crap location. It is literally one house back from a major road and there are some telco tower views too. So I contact the agent to ask why the huge discrepency between the two places. He doesn't get back to me for a week - and when he does, things get interesting. + +He says the place got passed in at 1.12m but he thought he could do much better for his client. He says he did and got 1.27m which seemed amazing to me. It's the south-western 'burbs which are struggling and there's definitely choice out there. His email literally came early the morning after the night this deal was done and it's long and very detailed. He comes up with all kinds of reasons why his place got so much more (none of which I really bought) and makes out there was quite some competition for it. Says he couldn't work out why other place went so cheap and said he had 6 people who were interested in his house tell him they would have been happy to pay $50k+ more for the other place anyway but missed out (odd). Interestingly this 1.27m place remains on two sites up for rent. It has 'under offer' on website. + +I guess this may all be ok but on the strange vs ok meter I'm 80-20. In the strange department: a) the price b) that someone so quickly would go so high above the passed in amount in current market c) the alleged competition for it d) all the people that couldn't get the $1.05m place yet were allegedly prepared to pay more for it e) the long and detailed email to me and timing of it (why not just tell me he was happy with price and let me know if he can do anything for me?) f) the fact that it is still listed as rental on two places g) the front of the property looks great and yet the rental photos don't show it, like they are trying to make out it is something different from the 'under offer' property h) it's a different rental to selling agency. + +I have a pretty good bullshit detector and while all of this could theoretically be right, it doesn't sit all that well with me. Any reasons why an agent might do this or am I just being a cynic? +Just a musing really over how random credit scores are, hopefully reassuring for people who find themselves stressing over it. Few months ago I opened two new credit cards. Didn't need them for specific purchases, just wanted them for some benefits that they offer. I use them for some everyday spending and pay in full every statement. Now that's been few months the enquiries and new accounts have hit my credit score. Equifax and Transunion have suddenly jumped from a good bracket to the top bracket, cause of the higher credit available. Experian tanked from from excellent to low fair but they are trying to sell me some service "to raise to excellent again, otherwise it might never happen". I have nothing major coming up, so I was prepared to take the hit to the two enquiries within days of each other. Just funny how something can be both oh so good and so catastrofic at the same time. +I've been following this sub since around the start of 2020 and it really gave me the kick up the a** that I needed to get my life sorted out. From the end of Jan 2020 I was £22,000 in debt, consisted of 3 credit cards, a loan, car lease with a year remaining, an overdraft on current account and a sole trader current account with an overdraft. I got paid this week and I have finally paid the remainder of my credit card off and I am now completely debt free for the first time since I was 18 (now 29). This is now a huge weight off my shoulders and I am happy to be debt free, but at the same time I wish I had done this years ago or in fact just never gotten into this situation in the first place. + +&nbsp; + + +I am in an extremely fortunate and lucky position where I still live at home so very little outgoings and there is unlimited overtime available at work and it is a very secure job. I have used this opportunity to pay my debt off and now I am going to use the opportunity to save for a deposit as I would like to move out as quickly as possible... which now brings me new worries regarding being able to get a mortgage due to my credit history and my salary. + +&nbsp; + + +As mentioned I am very lucky that there is unlimited overtime available at work (time and half) and I predict that I should have a 20% deposit saved up by around May / June next year. I am looking to buy an apartment for around £110,000 give or take a few grand. + +&nbsp; + + +My salary is £21,000. I've done all my outgoings / budget on a spreadsheet (based on monthly take home pay of basic salary, no overtime etc) and based on a mortgage of £88,000 over 35 years @ 1.4% for the first two year. I should be left with around £350 spare per month, it may be more depending how much I spend on food and fuel. The concern is the stress test if interest rates jump up to 6/7%. I would have around £50 per month spare after everything. Would this be a good reason to decline me for a mortgage? + +&nbsp; + + +Secondly is my terrible credit history. My score is actually 'Excellent' on Experian but I know this doesn't count for anything. I have missed payments that date back to 2017. From Aug 2017 to May 2018 I was 1 month behind on car lease payments so every month in between has been marked down as a missed payment. From Nov 2018 to Dec 2019 my sole trader cashplus account was in arrears (a whole other story) so every single month has been marked as missed payment. The last missed payment on my credit file is Dec 2019. + +&nbsp; + + +Now taking into account everything I have said, how likely is it that I will be offered a mortgage around May / June next year? Is it realistic to think I will be able to get one? +He is blaming social media for the whole financial crisis. Jesus Christ, he wants jail sentences for for people on social media who in his mind are destroying the financial system. He making a bill that would attack us apes. Where is all this hate towards hedge funds who gamble retirement funds? Where is all this anger towards HF that destroy small companies to kill competition to Amazon? Where is all the blame for the HF creating counterfeit stocks? + +David Scott is a piece of shit. + +They all dance around the problem that caused apes to get angry and then blame apes for their own failures. + +Edit: Thank you for the awards apes! I am happy to see others are also seeing David Scott as the piece of shit he is. + +Edit 2: Thanks again for the awards apes!!! I am now trying to spread the gratitude and appreciation by awarding others! ❤❤ +Took the car into the Kia Dealership to get serviced and the dealership representatives were consistently talking about the car due to the car having low mileage and it's well maintained. + +We bought the car at around $18,000 in 2020 (putting about $2,000 down payment) and we're at around $12,000 left to payoff. The dealership appraised the car for $16,000. This would be my first time trading in a car so I'm not sure what to expect and how it works with our current car loan. + +In my head, we trade in the car for $16,000. Pay off the rest of the loan, and get $4,000. I'm assuming I'll have to pay some type of taxes and fees. Is it even worth it? + +I'm a skeptic and usually feel like there's more to this than it's a good deal for me. When I'm sure it's a better deal for them. I'm just curious on how to approach it because me and my fiance have both been contemplating on getting an SUV but we do like our Optima. + + +Car: 2018 Kia Optima + +Miles: < 26,000 + +Location: FL, USA + + +Update: I appreciate the feedback. I didn't realize the cost of new cars. I haven't done the initial shopping around for the SUV so I didn't realize that the price rose for it. We decide to not entertain the idea and I'm glad I had asked here first. +Over the space of about 10 minutes, someone dropped $100M in BTC and $60M in ETH on the market causing BTC and ETH to drop. + +The price is already starting to head back up, so if you're a "buy the dip" HODLer, now's your chance! + +EDIT: An hour later and the trading volume is still minimal. Lots of strong hands not scared by the sudden drop. I wouldn't be surprised to see them keep trying until they find the coins they're looking for. Remember that no sellers at the bottom of a short means the seller gets squeezed. +THINK LOGICALLY FOR A MOMENT ABOUT WHY SUDDENLY THERE ARE SO MANY "DON'T DANCE" POSTS ON YOUR SUBREDDIT, THINK FOR A MINUTE, JUST A MOMENT ABOUT WHAT THAT MEANS. + +THE POST ABOUT COINTELPRO GOES DOWN, THE GOOMBLER GETS SUSPENDED, YOU GUYS START BECOMING MORE AGGRESSIVE AND STEP UP YOUR MOVES AGAINST CITADEL. SUDDENLY, A BUNCH OF CONCERNED PEOPLE WANT YOU TO "NOT PLAY THEIR GAME". + +"DON'T DANCE TO THEIR TUNE" "DON'T FIGHT BACK". + +ARE YOU COWARDS? OR ARE YOU MEN? + +The enemy obviously is dancing as hard as they can, time to make this movie "You got served 2: Gamestop Boogaloo." + +They complain because they FEAR you. Dance like your lives depended on it. + +EDIT: [https://i.imgur.com/E1O7mVF.gif](https://i.imgur.com/E1O7mVF.gif) + +EDIT 2: YES, THE CRASH WILL HURT PEOPLE BUT REMEMBER THAT IT'S DIFFERENT THIS TIME. THE MONEY IS GOING INTO OUR POCKETS, NOT THEIRS. WE'RE NOT LIKE THE HEDGIES. WE ARE GOING TO REBUILD. +Let’s take a moment to laugh at them. + +In the last 24 hours, 48.012 traders got liquidated because of shorts they had placed on bitcoin. A total value of $211 MILLION dollars was liquidated from bears. + +The largest single liquidation happened on Huobi for a value of $2.21 M. + +I don’t know what it is, but seeing bears get liquidated gets me up in the morning. I know that dips hurt us all, but in the end you just know you’ll have this feeling of bears getting rekt again, sooner or later. + +I hope you guys’ morning coffee is as sweet as mine: Milk, sugar, rekt bears. + +Have a great green dildo day friends! +Like anyone else here, I make my own decisions about my own investments. I don't care to be part of any movement. I have no leaders, nor do I want any. + +This is a forum for people who like buying, holding and talking about GameStop stock. + +People on Wall Street do this every day with many thousands of different stocks, and have done so for more than a century. + +In this forum, there is a mountain of research showing clearly how Wall Street has been manipulating GameStop's stock for years, and continues to do so in broad daylight. + +That criminal manipulation involved naked short selling billions of counterfeit shares of GameStop to dilute it's share price and drive the company into the dirt. Like they did to Sears, Toys R Us, and countless other companies. + +Bankrupting GameStop was the ultimate goal of these naked short sellers. That way, they don't have to buy back the untold millions, perhaps billions of counterfeit shares they sold. + +Well that didn't happen and now some big players on Wall Street who can only be described as *dumb as fuck money*, are stuck in a real doozy of a short position. + +Everybody knows the rules, and Wall Street broke those rules back in January. Because like the inside-traders in the Congress and the Fed, they clearly don't give a fuck about the rules - and neither do the regulators. + +It's painfully obvious to everyone there are two sets of rules operating here - one for Wall Street, and one for the little guy. + +The short sellers made a bet, and they lost. Instead of paying up and having a little less money in their dragon's hoard, more than a dozen of them, including Citadel, Robinhood, and the DTCC, colluded to turn off the buy button on the 28th, and made trades based on the knowledge that this would tank GameStop's stock price. This is an unprecedented crime against retail investors, which again - happened broad daylight. + +These same millionaires and billionaires went on to lie under oath before Congress. + +The SEC has taken no substantial action for almost a year now. + +Nobody went to prison, and nothing fundamentally changed. + +That's all. +Well, this dip is only going to get further down, but I'm eyeballing a few coins to get once it starts flattening out. I'm going for OMG and ARK, and maybe (ballsy) NEO purchases. What are you guys getting? +What do you guys think? Looking for a few more opinions on this. I feel like there's the potential for them to dip again before the fork, so I don't know if jumping in to buy them just yet would be a good idea. +Hello everyone, + +After re-balancing my portfolio I have ended up $500 leftover that I would like to drop on a cheap coin, please give me your recommendations! + +**My portfolio currently consists of:** BTC, ETH, LTC, ICX, SUB, XZC and NEO. + +I don't mind if the last coin is a high risk one, I just want it to be a cheap one so it'll worth adding $500 to. Also more importantly, I would appreciate it if you mention why you think your coin is a good choice. + +**Some coins I thought of:** +**ADA** (seems overvalued with no product yet) +**XLM** (Don't know much about it, is it in competition with XRP?) +**XRP** (Missed the moon due to funding problems, not sure if its worth adding now maybe after a dip?) +**IOTA** (Looks like a good project but currently at $3.6, however if you think it has high potential I'll still add it) +**REQ** (I hear it mentioned a lot but don't now much) +**FUN**,**ENJ** and **XP** (All three share similar goals and look interesting but I have no idea about the potential of this market). + +Thanks in advance! + + +We saw how the market dropped earlier wtih CBoE contracts, will the same happen with CME contracts? + +Can someone help explain future contracts, how they work and how they affect the market? + +Copied the following quote from an article from themerkle.com and cannot find the article any more. + +'There could be more downward pressure on markets when the CME contracts expire in a few days on January 26. The CME contracts are tied to 5 Bitcoin’s whereas CBoE’s contract was only one, the stakes are larger this time and the markets could be feeling it already.' + +Edit: [found the link, it was tokenzone not themerkle](https://tokenzone.io/all-posts/cryptocurrency-market-endures-minor-correction-led-by-asian-markets) +Have you heard the news? + +**A) Reduction of CRO Card Rewards**  + +Cardholders with an active 6-month stake and who staked before 1 May 2022 13:00 UTC will continue to earn CRO Card rewards on spending at the current rate until their 180-day stake expires. Thereafter, the revised rates will apply. Cardholders who stake CRO after their 180-day lock expires will earn card spending rewards as per the schedule below: + +**B)** **Introduction of monthly CRO Card rewards** **cap** + +Depending on your current Card tier, there is a maximum monthly cap on how much CRO Card rewards you can earn when you spend on your Crypto.com Visa Card. For example, if you own a Ruby Steel Card, your monthly CRO Card rewards will be capped at US$25. + +There is no monthly CRO Card rewards cap for Icy White, Frosted Rose Gold, and Obsidian cardholders. + +**C) Phasing out Card CRO staking rewards** + +CRO staking rewards will no longer be offered to Jade Green, Royal Indigo, Frosted Rose Gold, Icy White, and Obsidian cardholders from the Effective Date. Cardholders who still have an active 6-month stake and who staked before 1 May 2022 13:00 UTC will continue to receive their CRO staking rewards until the end of their 180-day staking period.  + +There is no change to other Card benefits. You will continue to receive 100% reimbursements for your favourite monthly subscription services, including Spotify, Netflix, and Amazon Prime. This will be excluded from the calculation of your monthly CRO cap. Jade Green, Royal Indigo, and other higher-tier cardholders can continue to enjoy unlimited complimentary LoungeKey™ airport lounge access.  + +Introducing these changes to the card program is a difficult decision. We are committed to continue to explore and forge new partnerships to unlock greater value and benefits for our cardholders such as our partnership with Dosh, a cash-back rewards platform in the U.S. +Went to buy a high-end sofa today. Retailer had a Black Friday deal for “30% off”. Deal price of $3,290 was in the price tag insert attached to the floor model (though the “reg” price was $500 more than was listed as the reg on last month’s “no sales tax” deal, while the “deal” price was conveniently only $70 less than the previous deal price 🙄). Got a delivery quote from the salesman and agreed to the purchase (at the deal price on the tag insert). He ran my credit card for it (price + tax + delivery) and went to complete the paperwork. Then he came back and told me the floor model price tag had the wrong insert, the price with the options it had was actually $200 more. + +I told him I was only willing to pay the agreed upon price and he went to “make a phone call” and came back saying it’s not my fault their “incompetent” staff misadvertised the price and they would sell it to me at the original deal price discussed. + +My question is, was this just a cash grab for an extra $200? Would that have gone to the company or the employee (they were def commission based)? Or is there some deeper reason, like making me feel I got one over on them for paying $200 less that the “real” sticker? Cause all it did was leave a bad taste in my mouth. +As someone who makes a living writing content and being paid with advertising views, it's frustrating to see the assumption that ads should be blocked by default. I understand the need for adblock - many sites take advertising too far. + +However with content driven sites, they usually keep the ads out of the way - usually one on top, a couple along the side, and one on the bottom. I don't see a problem with this. + +What I recommend is for people to have adblock default to disabled, and then enable it for the troublesome sites. This makes use of the program itself, the ability to block ads on a site by site basis. + +If you simply find ads too offensive to be viewed, but still want to support the content creator, why not see if they accept bitcoin donations? Many of these people do. The hope is that people simply aren't considering that their ad views are what keeps the site running, and maybe they will think twice and either disable blocking, or want to contribute in another way. Without viewing the ads, the reader gets the benefit of the content creator's work, but we don't get anything in return. + +I have my bitcoin address sitting under the advertising, so if it's blocked I hope readers see it and think to donate a bit of change. Bitcoin is perfect for something like this. Unlike Paypal they don't take a cut, and microtransactions are feasible. + +I just thought I would take this opportunity to bring it up, since there seems to be that people really want to support ad blocking for some reason. +Hi, this is my first post in options so my apologies if I don't hit all the guidelines. I've been trading options for right at 30 years now. I focus about half on directional trades (my mentor taught me on futures, so the momentum strategies always stuck with me) and half on premium selling. Example, if a stock has 8, 21, 34, 55 and 89 EMAs on the daily chart that are all stacked positive, I will buy delta 70 calls 30 to 60 days out and close out half on a retest of resistance and hold half for a move through resistance and to the 1.272% Fib extension. The opposite setup for shorts and buying puts. I'm also a huge fan of selling premium, typically call credit spreads at resistance and put credit spreads at support, usually 10 days out as I'm looking for rapid premium decay. + +I'm posting this as I see there is a ton of new people in the markets. While nobody can say exactly what is going to happen next, keep in mind that the cycle below always repeats itself. As a general rule, if a stock is above its daily 21 EMA I will buy the dip (buy calls, sell put credit spreads). If it closes below its daily 34 EMA, I will sell the rip (buy puts, sell call credit spreads). + +Last, NFLX is a market proxy. Whatever NFLX does, the market follows about a week later. + +Some notes on the chart below based on comments. Think of this as the emotional roller coaster traders are going on. You can apply this same idea to a single stock or the markets as a whole. You can also apply this to different time frames. This same "cycle" can happen every day on a 1-minute chart as day traders go through the greed, delusion, fear cycle on every trade. I tend to watch this on the daily and 30-minute charts. A "capitulation" on a 30-minute chart is often a great buy signal on a daily chart. + +Hope it helps! + +[The psychological\/emotional cycle](https://preview.redd.it/u4v70sgg3y451.png?width=956&format=png&auto=webp&s=efc5af0133fb6e5d2b5bd0e7c7f233199e4f20f8) + +Note, based on the questions below I'm adding this daily chart of the QQQ. Yellow = 8 EMA, White = 21 EMA, Purple = 34 EMA, Thick Yellow = 200 SMA. EMA = exponential moving average. SMA = simple moving average. + +As a general rule of thumb: I look to "buy the dip if the 8, 21, and 34 are stacked on top of each other. I will buy pullbacks (sell put credit spreads, buy in the money calls) into the 8, 21 and 34 EMAs. Stop loss is a close below the 34 EMA. + +Once the 8 EMA crosses below the 21 and 34, I will short rallies (sell call credit spreads, buy puts) into the 8, 21 and 34 EMAs, with a stop as a close above the 34 EMA. If a full position is 9 lots, I like to scale in 3 at each level. This means many times I don't end up with a full position. + +Does this work every time? No. Is it an effective road map as to where we are in the markets and if it is ok to still "buy the dip?" I find that it is. + +Where are we now? On the daily QQQ, they are all still stacked positive so buying the dip is fine. Just look for the 8 EMA to cross the 21 as that typically kicks off steeper pullbacks and sell-offs and can run people over if they aren't aware. + +I also use this same idea on 30-minute charts for 1 to 3-day trades. I posted a 30M chart below. + +[QQQ Daily Chart](https://preview.redd.it/wwcyqv8kiz451.png?width=1109&format=png&auto=webp&s=0cd1fb96ece54307e905e03131d337f19688642b) + +On the 30M chart, it is going to be "whippy" but you can use the same philosophy for shorter-term trades as well as use it as a heads up for "pullback to the daily 21 ema" on the daily chart. i.e., once the 8 crosses the 21 and 34 on the 30M, look for a pullback to the 8, 21 and possibly 34 EMAs on the daily chart. + +[QQQ 30M Chart](https://preview.redd.it/shxgymykkz451.png?width=1105&format=png&auto=webp&s=98bc465f55ba601af810fd20dff0a6de7bf976ab) + +Based on the above, I could buy calls on a stock like TSLA on the daily chart, but buy puts on the QQQ on the 30-minute chart for a short term trade. This is also a nice "hedge" (long a stock, short an index) in case the market sells off hard. + +Last thought: As a newer trader, it is important to understand what your brain should look like "while in a trade." Just because we stare at a chart and hope it will do something, doesn't mean it will do what we want. The only certainty is uncertainty. Instead of focusing on the fear of the unknown, focus on the risk of the unknown. Know in advance how much you are willing to risk on an idea. When in doubt, get out. Re-entry is only a commission away. + +&#x200B; + +&#x200B; + +&#x200B; +It's KYC, you have to trust them with the keys to the coins. You have to assume they don't rehypothecate the assets. You have to assume they hold reserves. You have to assume they will give you the coins when you ask for them. + +Does it sound familiar? Is it ringing a bell? It better be. + +And if you think laws will help here ("but Fidelity is regulated"), just look at SBF, watch him laugh at us while walking around a free man, doing interviews after what he did. + +**EDIT 12/4: It's sad that a clear majority of people on the Bitcoin subreddit are so trusting of FIAT institutions. No hate to anyone, but be warned, Fidelity is not you friend.** +1. GameStop SEC filing stating they are aware that their shares were shorted and stated that short-sellers might be cornered into a short squeeze. This was a warning to short-sellers that if the situations aligned, a short squeeze will happen. +2. GameStop declared that they are planning to sell certain number of shares to raise capital. +3. GameStop declared that they are paying off their bonds early because they can't move forward or execute decisions without breaking clauses on the bond contract. +4. The company will have an Annual Shareholders Meeting in June. Votes need to be made, hence, shares need to be recalled (if shorted) to cast a vote. Record date for share ownership will fall in the last two weeks of April. +5. Banks boasted good earnings, only to sell bonds to raise cash. +6. u/DeepFuckingValue exercised his call options (+50k shares) and bought more 50k shares. He went all in and posted his **FINAL UPDATE** in reddit. He tweeted with a video recording and at the end of the clip showing himself on the latest price as of April 16. +7. Ryan Cohen posted a closed fist on twitter. (IMO, it looks like a deal was struck. A merger perhaps?) +8. GameStop acknowledges DFV tweet (the video clip) stating that the company thanks him for the support and ***expect changes soon***. The tweet was later on deleted (GME tweet) but many people took a screenshot of it. +9. New SEC Chairman sworn in on a Saturday and will start on Monday. He probably working day and night on the weekend. Specific SEC rules need to be approved and passed. +10. Certain bank's share price dropped by 60% on post-market trading. (check Edit-1) + +**Edit 1: (18 April 08:32 EST)** *For #10, kindly take it with a grain of salt as there are post that the drop in share price is not true. I am pointing this out because certain exchanges show otherwise. I will update this as soon as I obtain market data on Monday.* + +&#x200B; + +The company, GameStop, is aware that their shares are being shorted and short-sellers can be targeted to a short squeeze and the possibility is very high as what happened last January. Then they showed a good earnings report with extra cash to pay debt to show that they are doing good despite of falling share prices. In order to push forward to become a full blown e-commerce business, they needed cash and they are planning to raise capital buy selling a certain number of shares anytime as they see fit. GameStop still has debt to pay with bonds that mature in 2023, but they will pay it sooner than expected because they can't do certain actions without breaking the bond contract. + +But how will they pay their bonds when they needed cash for capital anyway? It's simple. Sell shares at a higher price. The higher the price, the lesser shares to sell. How to increase share price? "Short squeeze" 10-k filing remember? + +Everything fits. As June 2021 ASM in nearing, anyone who wants to cast a vote need to have his shares with him. If its shorted, it needs to be recalled. Any day next week is the ripe time to declare that shares need to be recorded to cast a vote. This will in turn cause a massive share recall that will make short sellers to cover because original owners need their shares. Buying at market price because most shares are synthetic anyways, will cause demand to rise and will push the price higher. The higher the price the better as GameStop can sell less number of shares to raise capital. The capital or cash will then be used to first pay the bonds earlier and the remainder to be used for future ventures. After bonds are paid, the company is free from the bond contract. They can issue dividends, they are acquire or merge with companies, etc., the future is endless. + +SEC is scrambling to make a containment plan for the MOASS. The atomic bomb is about to explode and they want to contain it so it does not bring the whole US Market with it. "*Let us appoint someone who has great experience with a financial crisis."* + +DFV. He believes about what the company can do in the future but he definitely sees the MOASS too. He posted the final update, showing that he is all in. No more updates from him because he is done being the north star. He has already proven enough to all of us since day one. 200k shares is the proof. And the best thing about him not updating anymore is that there is no exit strategy. I repeat, ***he is not updating anymore because he is all in and there is no exit strategy.*** + +&#x200B; + +>DFV: "OK im all in!" +> +>RC: "Got you back bud!" *\*fistbump\** +> +>GameStop: ~~"Thank you DFV for your support. Expect changes soon!"~~ *realised he talked too much then deleted the tweet.* + +&#x200B; + +*May everyone spend their tendies responsibly. Be a north star to someone and pay it forward. To the moon!* +A recession is within a year away. I know we can’t be sure of that, but it is so likely that is worth planning accordingly. + +Now, for the first time in my life I have acquired significant savings, 200k specifically, and it is sitting in a comm bank savers account doing nothing but earning a few dollars a month. + +I’m starting to worry that I should be doing something else with it, not just to potentially profit but also to avoid loosing out when the recession comes. I imagine it will be moderate-to-extreme in severity and that Aus, with its near total lack of meaningful industry and complete reliance on financial speculation (which will crash) and resources (which China won’t be buying) could make this country one of the major losers amongst the OECD and the idea of my savings being in Aud is freaking me out... and with one of the worst governing parties in the OECD I imagine the reaction will be some form of QE that will massively shift wealth towards the banking sector and super rich, ie everything the rest of the world learnt is a disaster but which Aus will do anyway. Does anyone have an alternative theory? + +Either way my goal is to buy a nice house in the northern suburbs of Brisbane and still maintain a nest egg that I can continue investing, and I just wonder if anyone has any tips for me or generally on how to survive or even profit from the next recession here in Australia. Will houses come down by 1/3rd or more? Will the Aussie dollar be strng relative to nearest competitors? Is there anywhere safe to store savings in case it plummets? +hello, i conducted a small analysis of the entire NYSE (roughly 2500 companies) for which data was available from yahoo finance (using python programming language). i was mainly interested in which sectors or industries are doing worst/best since covid (in the past year). + +basically what i did was assign each company a ratio based on its stock price relative to previous year high/low, and then sorted all stocks. i then counted how many times each a stock in a given industry appeared in the top 300 companies (near 1-year high as of friday Nov 20), or the bottom 300 companies (near 1-year low as of friday) + +here are the results: + +**industries with stocks near all time highs (top 15 only):** + +('Asset Management', 56) + +('Specialty Industrial Machinery', 18) + +('Software—Application', 13) + +('Shell Companies', 11) + +('Packaging & Containers', 9) + +('Auto Parts', 9) + +('Software—Infrastructure', 9) + +('Specialty Chemicals', 8) + +('Auto Manufacturers', 7) + +('Engineering & Construction', 7) + +('Rental & Leasing Services', 6) + +('Medical Devices', 6) + +('Farm & Heavy Construction Machinery', 6) + +('Capital Markets', 6) + +('Internet Retail', 5) + +**and industries with lots of stocks near all time lows (top 15 only):** + +('Oil & Gas E&P', 30) + +('Asset Management', 24) + +('Oil & Gas Equipment & Services', 23) + +('Oil & Gas Midstream', 21) + +('Banks—Regional', 15) + +('Shell Companies', 14) + +('REIT—Retail', 13) + +('Marine Shipping', 11) + +('Oil & Gas Refining & Marketing', 10) + +('Telecom Services', 9) + +('Aerospace & Defense', 7) + +('Oil & Gas Integrated', 7) + +('REIT—Office', 6) + +('Utilities—Diversified', 6) + +('REIT—Mortgage', 6) + +&#x200B; + +note - i haven't normalized these counts by the number of total companies, for example asset management is near the top of both lists, presumably because there are a ton of asset management companies in they NYSE. + +i was a bit surprised by some things like specialty/industrial machinery and auto parts doing so well, and regional banks/telecom services doing poorly. + +let me know if you have any comments or are interested in the python script i used to generate these results, or if you would like to see more results! +It's going to go into VGRO or VEQT or a combination of the two, haven't decided yet. Would you guys just dump it all to maximize time in the market or maybe do like 12,500 every two to three weeks to average out the current market volatility? +I have a TON of student loans. I have 28 separate federal loans totaling almost $500K. I'm in my last year of residency, so I'm not making a lot of money right now, but I know I will be next year once I'm practicing on my own. + +I recently started tackling my loans using a hybrid snowball method, starting with almost the lowest balance. My individual loans range from 2,000 to 60,000 with interest ranging from 1.25% to 8.25%. At first I tried paying on the 60K because it has the highest interest at 8.25%, but I had no momentum. It felt like an impossible mountain to climb. So I started working on the 3K loan which is at 6.55%, and I paid it off! It felt SO GOOD to pay off that loan and see the $0.00 balance. This really motivated me and I'm on my way to paying down the next 4K loan. I'm obsessed with seeing the next $0.00 balance. I can totally see why the snowball method is recommended by some people even though logically it would make more sense to pay on the 60K loan with 8.25% interest, but this other way feels better and I think I'll end up paying these loans off faster because I'm actually excited about it!! + +I'm practically obsessed with paying off these loans, now. I'm working an extra job moonlighting, and I'm putting all my extra earnings into these student loans. + +If I can keep up this momentum, I think I'll be able to pay off this ungodly sum of money within the next 4 years. + +I just wanted to give the snowball method some praise because it really is working for me. +I know I would have been shitting bricks, but fair play to u/jsmar18, he done an incredible job co-hosting with u/Dlaur and really held his own. Dave, it is excellent to have your expertise in co-hosting, it really helps drive the conversation and leads us down avenues we might never have ventured. + +These AMAs just keep getting better and better, the whole mod team for r/Superstonk is really raising the bar lately, learning from mistakes and improving on them is the sign of excellent moderators. + +Wes Christian you confirmation bias machine, I could listen to you all day. You might want to clear your desk though, you're going to have a lot more paperwork soon 😉. +I've noticed that everytime I mention XMR on this subreddit my comments get down voted to oblivion, is there a particular reason that this community doesn't like XMR? And if so what are the reasons. + +Personally I believe is one of the strongest projects out there with an actual useful usecase. +It can be actually used today in the real world to buy services with privacy. I really don't see why people wouldn't like that. It's true that as am asset is not performing well but the technology is actually really good. + +Is the XMR hate a meme that I'm too slow to get? + +Shower me with your opinions I'm ready. +I created a separate (fatFIRE verified) account so I can write openly about my finances. + +I have a net worth of $28M that breaks down roughly as follows: + + $10M Vanguard index funds, in an irrevocable trust + 7M Primary residence, in the same irrevocable trust + 6M Retirement accounts + 4M Startup investments + 1M Cash + - 0M Debt + ---- + $28M Total + +My main challenge is liquidity. I’m 52, and with another $1-$2M of liquidity, I could retire now instead of seven years from now (at age 59.5 when I can tap into a $3M Roth IRA). + +Unfortunately, the irrevocable trust **\[edit: which was set up by my late father with me as beneficiary and our family lawyer as trustee\]** is hard to borrow against, the startup investments and retirement accounts are impossible to borrow against, plus my cash position is small. (It would be larger if I didn’t keep investing in startups!) + +For example, the house has no debt whatsoever. I tried to get a $1M HELOC from First Republic, but despite the very low LTV of 14% they still asked me to co-sign personally, and my lawyers weren’t comfortable with this. (I’m also guessing that FR wasn’t thrilled that loans to irrevocable trusts can’t be sold in the secondary market.) + +The $10M in index funds would be a perfect candidate for a Schwab Pledged Asset Line, but alas, only “individual, joint, and revocable living trust registrations are eligible”. Vanguard does not have this restriction, but the rates are higher and it’s a loan rather than a line of credit, which makes it much less desirable. + +I could really use advice on how to borrow against the trust assets (other than the suboptimal Vanguard margin loan or, even worse, so-called “hard money” loans). If I could find a securities-based line of credit provider who does irrevocable trusts, I’d be home free. + +Yes, I could just ask the the trustee to sell assets and make distributions as needed, but that means spending down the corpus and paying taxes, which are both to be strenuously avoided. + +I hope these questions are relevant to other fatFIRE members, especially those approaching the finish line! + +**EDIT:** Many thanks for all the insightful comments! I should clarify that I am not the trustee, just the beneficiary. The trustee is open to the idea of a credit line, so I'm helping out with the research even though I'm not the decision maker. Any loan would be signed by the trustee (and yes, the trust agreement has clear, broad language that allows trust assets to be used as collateral). + +**EDIT 2:** I should also clarify that if I wanted to, I could simply ask the trustee for principal distributions, but I'd rather leave the principal to grow. Having the trust get a line of credit (which in turn gets loaned out to me) would boost my liquidity while leaving the trust principal in place. + +**EDIT 3:** I did not set up the irrevocable trust; it was set up by my late father for estate planning purposes, with me as beneficiary and our family lawyer as trustee. +Planning on using my rentals as my retirement. Do I really need to sock money away in my 401k at work? That money could be better spent on building up my portfolio. Thoughts? +Hey. It’s been 4 years now since I moved back to my parents home to save for a house. It’s taken 7 months to get to a point where we’re ready to complete. The other day, the man at the top of the change insisted we exchange yesterday and threatened to extend the move in date even longer. My solicitors did all they could to facilitate that and all that’s left now is for me to pay them the deposit before we can exchange. The issue is I setup my savings account with NatWest now 4 years ago. I don’t have a card for it. Does anyone know if I can still go in branch today with a proof of ID and online details and make a transaction to my solicitors for the deposit. The deposits been split between a LISA and this savings account but I basically need to pay them around £15k. I’m freaking out thinking I may mess up the whole chain and have to wait even longer to get into our first home because there may be issues making the payment. +🌕 Million is a decentralized digital currency pegged to a minimum value of $1.00 USD with a fixed-supply of 1,000,000 tokens, for a total market cap of $1,000,000+ USD. Million was founded by [TechLead](http://youtube.com/techlead), an ex-Google / ex-Facebook tech lead with over 1,000,000 subscribers on YouTube (as a millionaire). + +**1,000,000 Fixed Limited Supply** \- Million has a fixed supply of 1,000,000 tokens total. No more can ever be created (guaranteed by code). Million is deflationary by nature. Million begins with a peg of $1.00 USD per token, and its value increases over time with scarcity. + +**$1+ Million Dollar Valuation** \- With one million tokens in circulation, Million is worth a minimum of $1,000,000 USD total market capitalization but can be worth much more. + +**Millionaire Approved** \- Million is founded and backed by millionaire TechLead (with a million subscribers on YouTube) who put $1M of his own money to keep a $1 peg. As Million gains popularity amongst more and more people, it gains usage and acceptance as a form of digital currency spreading exponentially through word of mouth. With popularity, the value of Million grows. + +**Doxxed Developer that is actually a real developer** \- TechLead is an ex-Google Ex-Facebook tech lead with a reputation to uphold. + +**Store of Value + Transactional Currency.** As a decentralized currency secured by millions of computers worldwide on the Ethereum blockchain, Million can be used as both a store of value and a means of transaction. Million’s unique limited supply makes it especially ideal as a store of value with unlimited upside. Million can be transferred in fractional amounts (up to 18 decimals), allowing it to be used for microtransactions as well. + + Buy Million Token: [https://app.uniswap.org/#/swap?outputCurrency=0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611](https://app.uniswap.org/#/swap?outputCurrency=0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611&inputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48) + +**Official Website:** [https://milliontoken.org/](https://milliontoken.org/) + + +**Smart Contract:** [https://etherscan.io/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611](https://etherscan.io/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611) + + +**Reddit** /r/milliontoken**:** [https://www.reddit.com/r/milliontoken/](https://www.reddit.com/r/milliontoken/) + + +**Discord:** [https://discord.gg/yvgbWsnbZC](https://discord.gg/yvgbWsnbZC) + + +**Telegram:** [https://t.me/MillionTokenHolders](https://t.me/MillionTokenHolders) + +**Charts:** [https://nomics.com/exchanges/uniswapv3-uniswap-v3/markets/0x71d4c0837080dc6dea591db7aafc011dde540d67](https://nomics.com/exchanges/uniswapv3-uniswap-v3/markets/0x71d4c0837080dc6dea591db7aafc011dde540d67) + +**Launch video:** [https://www.youtube.com/watch?v=xBSEMJDwvXk](https://www.youtube.com/watch?v=xBSEMJDwvXk) +Yeah it’s fun to all get together and hate on them, but they write their garbage such that if it spreads, even with hate and deep skepticism, it’s still getting eyes on it. This sub has been propogating MSM bullshit NON FUCKING STOP for the last couple of weeks. + +Stop it! Just stop! Yeah we see it, it’s easy to get together and outrage about, and that’s the point. Seems like y’all gotta be told this every month or so, so here it is. +Every post on here has comments that should be left to the WSB folks. Don't get me wrong, I love WSB and all the posts there have their place. But I feel if you are going to have a sub that is different you need to start making rules that remove these comments and start enforcing the rules. + +Every post has the same comments: +4/20 TSLA Calls! +SPCE OTM calls to the moon! + +I know these guys probably got banned from WSB and have nowhere else to go but either this sub is satire or it isn't. +I understand that a delisted stock can still be traded. + +However, what do passive funds that track (say) the FTSE 100 do when a stock is delisted from there? + +I'm guessing these passive funds don't just dump the shares they hold on the day of the delisting? + +Any idea what happens and where I can find more info? +I made a large investment in a circa £300m market cap AIM listed company. The time has now come to sell my position, however my holding far exceeds the size of a typical day’s volume (holding value approx £450k, usual daily volume is about half that number). + +I am concerned that I will not be able to maximise my return due to lack of ready buyers. I don’t have any experience in selling such a large position in a relatively illiquid stock. Does anyone have any advice on how best to go about this? + +Thanks! +Wondering if anyone has any particular thoughts on the WisdomTree emerging markets small cap dividend fund? I'm considering whether to hold this within portfolio rather than the broad based MSCI index? I believe that over time exposure to small and value should provide a premium although likely to be at higher volatility. This specific fund is closest can find on LSE that can get me exposure to these. The fund is quite small though and as has an OCF of 0.54 and indicative spread of 0.8% would you say this could be an expensive fund to hold long term or is there likely to be any other risks you see with holding this over the cheaper Vanguard MSCI index? + +Thanks +Hey all, lurked a while but this is my first post here. + +I’ve had my vanguard S&S ISA open for a while now, and it’s been invested 90% into their FTSE All Cap tracker fund since I opened (+5% emerging markets, 5% Europe-ex UK). + +It seems to be doing quite well in the short term, no complaints. It’s doing exactly what I expect it to do. + +However, I’ve always been someone who likes to be more “hands on” with just about everything. I like the fact that the FTSE all Cap is, of course, globally diversified - but I don’t think it’s quite matching my risk acceptance and time remaining before retirement. + +To put it quite simply, I have a list of 10 funds I’d like to manually split my money across, which are globally diversified, but with more exposure to emerging markets, Japan, and corporate bonds. I’d like that this would allow me to see for myself how each region fares with relation to one another over the coming years compared with the relative black box of the FTSE All Cap. + +Now, Vanguard don’t allow you to hold funds outside of their own portfolio; so I was considering transferring my S&S ISA to HL so I can pick the funds for myself (I already have a pension with HL but I’d rather not mess around with that until I know what I’m doing). + +I just wanted to check whether that sounds like a bad idea to anyone who’s been in the game a little longer than I have? +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +If I want to create a portfolio that's 50% US / 50% the rest of the world, with 10% of the total in the UK and an overall 10% value tilt and a 10% emerging tilt, which ETFs could I use to create that at minimal cost? This is for a long-term 10+ year hold, but it seems like a good idea to tilt away from the US and growth a bit at the moment whilst they settle down, and then in a few years I can re-evaluate and rebalance between the ETFs if I want to. + +This is what I've identified so far. Starting with all world funds, there's: + +1. Vanguard FTSE Global All Cap Index Fund GBP Acc, which has an OCF of 0.23% and 7,150 holdings. It is 62% NA, 12% Europe Developed, 4% UK, 6% Japan, 4.49% Asia Developed and 5.67% Asia Emerging and small cap holdings are 4.76%. [https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000XXVV&tab=3](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000XXVV&tab=3) +2. Vanguard FTSE All-World UCITS ETF (GBP) | VWRL which has an OCF of 0.22% and 3,746 holdings. The geographic region distribution is basically the same as the FTSE Global All Cap, but the Small cap holdings are almost none, at 0.27%. [https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000WAHE&tab=3&InvestmentType=FE](https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P0000WAHE&tab=3&InvestmentType=FE) +3. HSBC FTSE All-World Index Fund Accumulation, which has an OCF of 0.13% and roughly the same geographic region distribution as the above two and only 0.28% Small cap like VWRL. [https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000TXY8&tab=3](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000TXY8&tab=3) +4. Vanguard FTSE Developed World ex-U.K. Equity Index Fund GBP Acc, which has an OCF of 0.14% and 2,111 holdings. Apart from having only 0.45% UK, the NA share is higher than the above three (72% vs 61%) as is ED (14% vs 12%), Africa/Middle East is 0.26% vs 1.5%, Asia Developed is 2.93% vs 4.42%, and Asia Emerging is 0.13% vs 5-6%. Market cap distribution is roughly the same as 2 and 3. [https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000003YD3&tab=3](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000003YD3&tab=3) + +For UK, there's: + +5. Vanguard FTSE U.K. Equity Income Index Fund GBP Acc which has an OCF of 0.14% and is 91% UK, 5.3% ED, 1.3% Europe Emerging and 1.6% NA. This has 103 holdings and Small cap is 2.74%. [https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000003YD1&tab=3](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F000003YD1&tab=3) + +6. HSBC FTSE All-Share Index Fund Institutional Income which has an OCF of 0.02% and more holdings (355 vs 103) but a much worse YTD performance so far (1.2% vs 7.68%). [https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000V987&tab=3](https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000V987&tab=3) + +So I can allocate 10% of the equities share of my portfolio to 5 or 6 to get the UK tilt I want but I don't know what I could buy to create a 50% US/50% rest of the world portfolio with a 10% value and 10% emerging tilt. I could forget about the emerging tilt and just do a 10% value tilt if that makes it easier (or maybe drop the value tilt and keep the emerging tilt) but I don't know if there's suitable ETFs available in the UK to do that, so I'd appreciate some help. + +The only emerging markets ETF I've found on IWeb (my current broker but I might switch to IBKR) is iShares Core MSCI EM IMI UCITS ETF USD (Acc) (GBP) | EMIM, which has an OCF of 0.18% [https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P000137H7&tab=3&InvestmentType=FE](https://www.morningstar.co.uk/uk/etf/snapshot/snapshot.aspx?id=0P000137H7&tab=3&InvestmentType=FE) +Hello everyone + +Background Information + +I am 31 years old. I work as a Software Developer earning £50K a year. I have a mortgage (£592 a month), a wife and a 2 year old daughter. + +I also have one loan (£15,000 left on it at 5.9% interest rate). + +I have been very stupid with money, but having a child really wakes you up! + +I am repaying my debt, and hope to have it fully cleared by the end of 2018, if not before) + +I am reading The Simple Path to Wealth, educating myself on the topic of investing. The author is a big fan of Vanguard's VTSAX and it's amazing low fee of 0.05. + +Is that same setup available in the UK? Or is it only in the US? + +What is the minimum I can contribute? Is £100 a month acceptable? I know I can pay more later on. + +The aim is to not touch the money for 25 years and then live off the 4% rule. + +Any advice would be greatly appreciated, +I'm not quite all "wsb" but at the same time, I am slightly less risk-averse than the majority on here. I am heavily invested in Scottish Mortgage Trust and BG US Growth. However, I understand both these are tech heavy. + +Are there any investment trusts that offer decent returns but are not so tech heavy. I'd rather have something actively managed than a global tracker as I'm in it for 2-3 years rather than 10+ and I am not bullish on the short to medium term prospects of what those over on the dark side would call "boomer stocks" (putting my savings to work whilst I continue to rent in London.) + +I'm looking at investment funds that are geared towards disruptors. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +In 2005-2014 I worked for various UK ISPs. Specifically web hosting infrastructure. I was there when cloud got started. I could see amazon were first movers. I could see Microsoft were all in on the strategy. Yet I sold MS back in 2007 or something. Nice wee profit. + +I was blind to the absolute dominance of cloud and specifically these two providers - yet I was majoring in the very industry! + +So to my question, who are the big fish today that in 15 years will be whales? + +(I backed H2, which turned out OK, but I couldn't have imagined the monsters these two became. I was also buying ARM at the time, which was a tragic loss to UK.) +So using Hargreaves & L. - if I buy or sell a Fund such as the "HSBC FTSE 250 INDEX" the buy fee's are £0, but with an ongoing charge of 0.08% + +However if I buy say the "Vanguard FTSE All-*World* UCITS *ETF"* \- I get charged £11.95 for buying and then £11.95 for selling - as it's an ETF. + +Concentrating on Index trackers, such as both of the above are - why would I want to buy an ETF and pay the £11.95 x 2 transaction fee, over the **OEIC,** which has no transaction fee? + +I know that the ETF I can sell / buy at the given price point, however the OEIC is based on a timed based evaluation. + +or.... what am I missing that ETF's have over OEIC type funds? + +&#x200B; + +Thanks +There's a lot of hype around britishvolt who are going to be building UK's first giga factory to produce lithium ion batteries, What are people expecting it to float at once shares are available to the public? +In 2005-2014 I worked for various UK ISPs. Specifically web hosting infrastructure. I was there when cloud got started. I could see amazon were first movers. I could see Microsoft were all in on the strategy. Yet I sold MS back in 2007 or something. Nice wee profit. + +I was blind to the absolute dominance of cloud and specifically these two providers - yet I was majoring in the very industry! + +So to my question, who are the big fish today that in 15 years will be whales? + +(I backed H2, which turned out OK, but I couldn't have imagined the monsters these two became. I was also buying ARM at the time, which was a tragic loss to UK.) +I'm not quite all "wsb" but at the same time, I am slightly less risk-averse than the majority on here. I am heavily invested in Scottish Mortgage Trust and BG US Growth. However, I understand both these are tech heavy. + +Are there any investment trusts that offer decent returns but are not so tech heavy. I'd rather have something actively managed than a global tracker as I'm in it for 2-3 years rather than 10+ and I am not bullish on the short to medium term prospects of what those over on the dark side would call "boomer stocks" (putting my savings to work whilst I continue to rent in London.) + +I'm looking at investment funds that are geared towards disruptors. +Well I did it. I quit my job today, giving my three-week notice. I’ve been at my company for 14-years. + +My wife and I are “technically” FI when I include our retirement savings. Both of us are 37 and have $2.3 million net worth, living in the Midwest. We had been working aggressively to build up our regular, taxable accounts to help with the bridge years. The taxable accounts have $460K at the moment. The rest is retirement, paid-off home, and two paid-off rental properties. + +I expected to keep working for 3-4 more years —- but the combination of challenging work environment this last year (and especially in recent months), as well as some parental guilt for sacrificing so much family time for work —- pushed me over the edge. I really want to enjoy the time with my kids while they are still very young. The immediate desire is to give my kids a traditional summer break......no more all-day daycare, where we drop them off at 7:30am and pick them up at 5:30pm. + +It was extremely difficult to walk away from my position, my team, my salary. It is a good company with a good mission, but it felt like it was the right time. My wife will still continue working. She loves her job and didn’t have the same desire to take a break. That’s also why I’m calling this a “partial FIRE” at the moment. + +We had been fortunate to maintain a pretty high savings rate for the past 10 years. We both made roughly the same amount. And we always tried to live off one income. So in this next chapter of our lives, all of our regular expenses will continue to be paid with one income (plus $2K monthly rental income). We won’t have to immediately dip into savings — and instead, will still be able to save 15-20% of her paycheck each month. That seemed to help ease my mind when thinking about this decision. + +Thank you to all in the FIRE community for your stories, knowledge, motivation, and more. I didn’t expect that 2019 would be a milestone year in our FIRE journey, but I’m here now! I’m a long-time reader of the subreddit, but felt like I needed to write down my thoughts as I was getting ready for bed. I feel very fortunate and very privileged to be in this position —- having the opportunity to walk away from full-time employment and to put my family first. + +We are FI, but I’m still not sure on the RE part just yet. But that’s also the benefit of all this work and hitting FI - flexibility. If our investments are struggling or for some other unforeseen reason, I may choose to look for another job come end-of-summer or fall. Or if they’re doing great, I may keep the RE portion going longer. But for now, I’m just excited to enjoy the summer with my two kids! +Beyond Meat Inc's quarterly losses ballooned, as the plant-based protein maker spent heavily on product launches and offered big discounts as it tried to guard its market share against deep-pocketed players and nimble upstarts. + +The company's stock slid 20% in extended trading on Wednesday, as Beyond Meat (NASDAQ:[BYND](https://www.investing.com/equities/beyond-meat-inc)) reported a gross margin of 0.2% for the first quarter ended April 2, a 30 percentage point slide from a year earlier. + +The company blamed higher manufacturing and shipping costs as well as its move to launch a plant-based jerky with PepsiCo (NASDAQ:[PEP](https://www.investing.com/equities/pepsico)) Inc for poor quarterly performance. + +"To launch a first-time product at such a large scale and prior to the establishment of our own dedicated and streamlined process, we had to do so in an expensive and inefficient manner," Chief Financial Officer Philip Hardin said on an earnings call. + +The company is also battling competition from Tyson Foods Inc (NYSE:[TSN](https://www.investing.com/equities/tyson-foods)) and Kellogg (NYSE:[K](https://www.investing.com/equities/kellogg-co.)) Co, which are spending heavily to cater to the craze for plant-based meat, forcing Beyond Meat to offer deep discounts on its products. + +[https://www.investing.com/news/stock-market-news/beyond-meat-misses-quarterly-sales-estimates-2822952](https://www.investing.com/news/stock-market-news/beyond-meat-misses-quarterly-sales-estimates-2822952) +CD Howe says Canada should have a digital currency. I can't get my head around the purpose of a digital currency, because all currency feels as if it is digital anyway. I haven't used cash in two years. + +EDIT: I - more or less - understand what bitcoin/blockchain is/are. I don't understand what a Canadian, Chinese, whatever, digital currency is. Why do we need a currency not tied to physical cash since we don't use physical cash anyway? +Warns Investors That Nuvei, Under The Leadership of CEO/Founder Philip Fayer, Has Gone Through Multiple Rebrands And Has Demonstrated A Pattern of Shady Business Practices, Resulting In Fraud Allegations From Former Customers + +Reveals Evidence That CEO Fayer Previously Falsified His Educational Credentials And That The CFO And Chief Corporate Development Officer Are Concealing Their Involvement At A Company Whose Parent Forfeited $19 Million In Criminal Proceeds Following An Agreement With The U.S. Department of Justice + +Believes Investors Should Know Why Nuvei Failed To Disclose The Departure of Allan Lacoste, A Named Executive And EVP of North American Partnerships, Who Was Recently Referenced In A Lawsuit As Being Allegedly Involved In A $100 Million Fraud Case + +https://www.businesswire.com/news/home/20211208005594/en/Spruce-Point-Capital-Management-Announces-Investment-Opinion-Releases-Report-and-Strong-Sell-Research-Opinion-on-Nuvei-Corp.-NASDAQ-NVEI-TSX-NVEI +Is there anything stopping us from liking the stock and seeing another big run up? Last time even with the manipulation we did it. Stay strong we have not been defeated! + +I’m holding strong and down 72 percent. WHO HAS NOT QUIT AND STILL BUYING! For my people Other countries, are you still restricted for will you stand with us? + +People are trying to convince us that Melvin covered. THAT IS BULLSHIT, IF MELVIN COVERED THEY WOULD BE BANKRUPT RIGHT NOW. + +We need to start memeing and start working together. If you are still in this let me know. + +We need to hold at least 100 by the time the new information on short float and all the stats are available which last I heard was Feb 9th + +💎Not financial advice, I eat grass. + +TLDR 🖕🌈🐻 + +Edit- typed the date in wrong + +Edit 2- let’s Get #GamestopArmy trending on Twitter Tommorow. If you like the stock, Flood twitter with tweets on famous people posts too and hash tag away. +I believe in cryptocurrency long-term as something that will revolutionize the world’s financial and governance systems, and that there is no better time than right now to become part of that future. However, it will continue to face adoption challenges until the public sees the technology for more than just a ticket to get rich quick. + +That is my belief after doing my own research and experiencing the products of this space for myself. However, it wasn’t easy trying to see both the for and against arguments fairly. It was instead very easy to get drawn to signs that say everything will just go up from here. And that’s a *problem* when people are told to DYOR. **If you’re bullish and are only reading bullish news and opinions, without challenging your thinking with some bearish views, that’s not DYOR, that’s just strengthening your own confirmation bias**. The same can be said for bearish individuals. + +Therefore, when DYOR, try to actively seek out the arguments going against your beliefs, before placing both on a scale to weigh them out. The few skeptical posts in massive echo chambers such as crypto subreddits matter. And if you feel that there is too much optimism or pessimism going around, that’s a sign that things are off-balance, and taking a few steps back is recommended. + +Thank you for reading! + + +Years ago, I read a post on some FIRE-related blog where the author wrote a letter to his (her?) spouse outlining what they should do in the event the author dies. From what I recall they covered things like where to access cash in the short and medium term for bills, where they had life insurance policies, retirement accounts, estate planning paperwork, etc. I can’t find that blog post, but it has stuck with me years later. + +Even though all our estate planning is in order, beneficiaries updated etc. I am realizing I should probably write a similar letter for my spouse, in easy-to-follow, plain English. Especially, since I handle most of the financial affairs in our house. + +For those of you that have written a similar letter, what are some things that should be included? +I have had an immense urge to find another job or do anything , something that makes me feel useful. I posted something similar about 3 months ago and since then I’ve fixed my sleep routine signed up with a personal trainer 3x a week and done a bit more reading. My diet is still pretty bad I eat out a lot and I could tone down the video game playing . + +I slaved away at low to mid level jobs since I was 16 up until last year now 32 years old and it was my goal to fire. Now that I reached it I can’t shake the feeling like a useless bum , problem is I don’t want to go back to a 9-5 job and I’m just not motivated to do anything that requires any serious amount of work or attention. + +I guess my question for anyone that’s been in my position what would you recommend ? Is this just a phase I’ll work out of ? + +I’m not very wealthy My passive income is decent about 70k annually . I have about 100k cash for any emergency expense which is fine because I’m still saving money monthly. + +Any advice or tips will help thank you guys ! +https://www.cnbc.com/2020/04/23/google-to-cut-marketing-budgets-hiring-freeze-expected.html[Google to cut marketing budgets by as much as half, directors warned of hiring freezes](https://www.cnbc.com/2020/04/23/google-to-cut-marketing-budgets-hiring-freeze-expected.html) +She is single and works full time at a job that doesn't pay very much (a few bucks higher than minimum wage). On top of that, she isn't very good with money. She makes a lot of small frivolous purchases throughout the month. She gets paid every two weeks and usually just makes it to the next paycheck with nothing left over. Amd some months I still need to give her money to pay the rest of her bills. She has no type of savings (retirement, emergencies, normal savings account). Luckily she has no debt and she does own her home (although the home is too big for her. She can't keep up with the maintenance or yard work, and all her children are adults and have moved out. I've tried to talk her into moving and downsizing but she's hesitant). I'm worried that in another 10 years she will be too tired to work and won't be able to take care of herself financially. What should I do? +Mom is currently 64 and works as an accountant with a salary around $55k. + +Here's her financial snapshot: +Savings -$15k, 403b - $53k, Traditional IRA - $8k, Inheritance (paid in 2022) after tax - $45k, Paid off house and car + +Her expenses are about $2000-2500 a month because she lives alone and basically just works and digs in her garden. She doesn't mind working longer than 65 but she really doesn't like her job. + +My goal is to be able to structure her finances to where she can retire whenever she feels like it after 65 and be comfortable (including extra expenses for hobbies that fill her new free time). I'm 31, starting a 6 figure job soon and am planning on dedicating about $1500 of my income a month for the next couple years to help her save for retirement. She will have between $1300-$1700 per month in social security benefits, depending on whether she retires at 65 or 67. + +How would you allocate the money she has, plus what I'm contributing, in short and longer term accounts to make sure she has atleast $3500 in income per month starting around the end of 2022 and growing with inflation? + +I really don't care about getting an inheritance from the money when she passes. I just want her to be comfortable and not have to worry about money. + +For clarification, she doesn't have a financial advisor. I am savvy with my own finances, but am not against her ultimately using an advisor like Edward Jones. + +Thanks in advance! +Here now scouting the place as a possible retirement spot. [Penang](http://static.asiawebdirect.com/m/kl/portals/penang-ws/homepage/pagePropertiesImage/penang.jpg.jpg) is an island off the coast of Malaysia. Intel, Western Digital and other electronics giants have major manufacturing facilities here. Many pharma companies here too. Although most of the population is either ethnic Chinese or Malay, English is widely spoken and you can do pretty much any day to day activity here without having to rely on a different language. The island has good infrastructure, good hospitals with Western educated doctors, it is safe, clean and relatively organised. Only downsides I've seen so far are the Mosques blasting the call to prayers, but should not be an issue if you rent a place away from them. Public transportation is also limited, but Uber and Grab are cheap so that it should not matter. A 10 mile car ride goes for about US$4-5. Alcohol is also heavily taxed, but since I don't drink, not an issue for me. Here are my estimated monthly expenses if I were to retire here today: + +- [RENTAL (Luxury 1200 sqft apt near the water) - US$950](http://www.propertyguru.com.my/property-listing/sunrise-gurney-for-rent-by-rex-tung-13586801?ref=ls%7C%7C5%7C1) +- Health Insurance (2 people/no deductible) - US$142 +- Utilities (heat, water, electricity for 1200 sqft unit running AC 24/7) - US$150 +- Internet (500Mbs) - US$70 +- 4G mobile plan (2 people) - US$75 +- Groceries for 2 (grossly overestimated) - US$500 +- MISC. expenses - US$500 + +TOTAL - US$2,387.00 + + +Please note that this is my estimation for a luxury lifestyle, with lots of imported groceries and miscellaneous expenses. People with more modest living requirements can do a lot better. Let me know if you have any questions. +--------------------------------------------- + + +*EDIT*: To the folks who are commenting that there are cheaper places in Asia, such as Thailand. Yes, you are absolutely correct. Those places also tend to politically unstable, the infrastructure is nowhere near as developed or as reliable as in Malaysia, crime rate is significantly higher and English is not nearly as widely spoken. There are many places in Southeast Asia that are much cheaper than Malaysia if you are willing to accept the trade offs. There is no right answer. It is a matter of personal preference. + + +I’ve been trading since 2017 and definitely have lost more money than I’ve made. Gotta pay to play and learn, and learn what strategies work for you. + +Edit, I’ve technically been trading since 2017, but of that I’ve been trading for about 2-2.5 years due to breaks in the beginning, military deployment, initial training, etc. + +I have a normal job, but I’m an avid trader when I find an opportunity. Since may, I’ve turned $500 into $2,022 (now just under 1,700 lol) strictly following my new rules and strategy. I started a new trial account to test this strategy and it’s been working well, hopefully I can keep this up. + +On Friday, I got antsy and decided to force a trade I was very uncertain of. I put $700 into same day spy puts at the “double top” and lost, taking a bit hit. + +I doubled down and decided I would go even bigger and recoup my losses and lost again. + +Lesson relearned lol. Been a long time since I screwed myself like that. Don’t force trades, don’t get emotional and follow your rules! + +Also mad cuz I missed my NfLX scalp at like 233.77 today, my order didn’t fill. +Probability is pretty self explanatory. + +But I have a curious question. + +How much do you feel rolling an option increases your overall trade success rate? + +If you have a coin flip that is 70 percent in your favor is it basically just like flipping the coin again? + +I know it is beneficial I just want to discuss and hear others thoughts and opinions, and some facts about it + +Thanks! +I have been trying to sell options on SPY because it has the shortest term contracts I've seen, and I deluded myself into thinking that if I can afford to sell contracts on it, I'd be at an advantage since 100 shares is worth about $45-47k on a given day. + +I tried selling a single ATM put with a one day expiry, just before the news for Omicron hit, so I ate a massive loss on that one. I now tried selling ATM CCs, and of course things are now bouncing back. I'll make a little bit back from my loss on selling the put, but not nearly as much as if I just held the stock. + +I'm trying really hard to make risky plays to make a little bit of money. It's a bad mindset, but I'm trying to stay the course and tell myself that selling options is the way. + +Would I be smarter to rely on longer contracts right now, like weeklies? The reason I keep selling ATM is because I feel like SPY is trading sideways, when looking back, it seems more like it's swinging wildly. + +I'm mostly interested in reading opinions. I've taken risks and lost, and I'm trying to learn from it. + +(I've lost about $3k in a week, and I hate admitting that) + +\*Just a follow-up, I closed those calls then resold with a farther DTE OTM, lesson learned +New wheel trader here. Started my account November 1st and learned the roller coaster of risky IV rank plays. Had a great November... December's got me back to break even. Two questions: + +1. Is there a rule of thumb or stats available on the % loss to take before closing for loss? (no rolling in this scenario). + +2. Poll: What % are YOU willing to lose to close out a CSP? + +Thx +Why are more of you not doing short strangles? It's amazing to me that we've been essentially stuck in a trading range for 6-8 weeks (and have at least another 4 weeks to go until the election is over), but so many of you are still making directional plays thinking you're making theta plays (CSP, spreads, etc) and then....it works until it doesn't. + +Some of you learned this lesson the hard way a few weeks ago when we went down 10-12% in a couple days. I sell short strangles, day in day out, and it's all I do. In that 10% drop period around labor day, I actually made money every day. Good money. Why? Because strangles hedge the put with a call, and a call with a put. You're delta neutral, meaning literally the only thing you have to worry about is drift too high or too low. You make your money on time decay and volatility collapsing. Did I mention we're in a very high volatility period? + +Anyway, curious as to why more of you aren't doing strangles. Are you afraid of the *UNLIMITED RISK!!!!!!!!!!!!!!* that short strangles have? All of this stuff has essentially unlimited risk. Your CSP? Lol, the $50 stock goes to 0 - guess what, you bought 100 shares of something at $50 now worth $0! Essentially unlimited risk! + +And the wheel? Literally bag holding for days, weeks on end collecting pennies while taking on much greater risk of loss because your delta is 1.0 on the position and, gasp, it can fall to $0 at any time and you're hosed. + +For those of you that like iron condors, strangles are essentially condors without the hedge position on each side. You keep that premium in your pocket meaning 1) higher returns 2) farther out strikes for same return (higher probability of profit) and 3) HALF the commissions on the way in and HALF on the way out! + +Look forward to hearing back. +Sold a CSP for TSLA, 800 strike, $20 premium (so break even is 780) expiring June 17th. I sold it when Tesla was around 1100. Never did I think that Tesla would be down almost 40% in such a short time. I’m gonna be rolling this one for a while. + +Anyone else in a similar situation? +Probability is pretty self explanatory. + +But I have a curious question. + +How much do you feel rolling an option increases your overall trade success rate? + +If you have a coin flip that is 70 percent in your favor is it basically just like flipping the coin again? + +I know it is beneficial I just want to discuss and hear others thoughts and opinions, and some facts about it + +Thanks! +I’ve been investing/trading a couple years but have never touched margin. I’m currently at a roadblock where I don’t want to sell any of my current positions and also don’t want to deposit anymore cash. Was considering using margin to sell pulls and calls if my puts get exercised. So basically running the wheel. My question is are there any major risks besides the obvious of getting called on puts and then the stock continuing to fall further? I do have the capital on hand to cover any margin I plan to use and even deposit to keep my position. If anyone has experience on running the wheel solely on margin I’m interested to hear what you have to say. +Let’s look at stock IVR for example. Let’s say I buy a 100 shares for $285 and sell a 1/19/2024 $0.5 call for $2.45 (Robinhoods current price). This is a $40 net debit, per 100 shares. Their last few dividends (quarterly) have been $0.09. Which means we are getting $9 per quarter in dividends every 3 months, or $36 every year, on a net debit of $40, that’s a 90% dividend yield. The on downside to this I can think of is that we would not benefit to any upside of the stock price because of the short call, but in my opinion that is a very small price to pay for a 90% dividend yield. + +Is there anything I am missing??? +Hey! Are there any options paper-trading apps (mobile or web, ideally mobile) that don't require registration with SSN number and other sensitive data? + +Looking to practice some new **credit spreads** ideas. It's important that execution is realistic and **random EARLY assignments do happen from time to time** (like for deep itm calls on dividend-paying stocks). + +Just in case, Webull paper-trading is a BIG no-go since it doesn't allow options spreads.. also hate thinkorswim paper-trading because fills are super unrealistic + As I do more with the wheel I find that I like it and think (I hope🙏) I can make a bit of profit (and clean up that red). So I’m wondering what tools people use for scanning for the best stocks to wheel. How do you find the highest IV stocks? The ones with the most premium? + +Right now I’m just scanning WSB and looking at what meme stocks people are hyped about then looking at those to see if I want to own them or if it’s worth it. I also read a bunch of news/financial sources to see what is happening and what those people are pumping. +I understand that I can see market volatility through the VIX, I am interested in seeing realized and implied volatility on underlying stocks through my broker if that is possible. Is there an indicator or broker that shows this? I am aware of market chameleon, but I had having to have tradeview, market chameleon, and my brokers open in order to research and place trades. Is there a way to consolidate things more efficiently? +Why are more of you not doing short strangles? It's amazing to me that we've been essentially stuck in a trading range for 6-8 weeks (and have at least another 4 weeks to go until the election is over), but so many of you are still making directional plays thinking you're making theta plays (CSP, spreads, etc) and then....it works until it doesn't. + +Some of you learned this lesson the hard way a few weeks ago when we went down 10-12% in a couple days. I sell short strangles, day in day out, and it's all I do. In that 10% drop period around labor day, I actually made money every day. Good money. Why? Because strangles hedge the put with a call, and a call with a put. You're delta neutral, meaning literally the only thing you have to worry about is drift too high or too low. You make your money on time decay and volatility collapsing. Did I mention we're in a very high volatility period? + +Anyway, curious as to why more of you aren't doing strangles. Are you afraid of the *UNLIMITED RISK!!!!!!!!!!!!!!* that short strangles have? All of this stuff has essentially unlimited risk. Your CSP? Lol, the $50 stock goes to 0 - guess what, you bought 100 shares of something at $50 now worth $0! Essentially unlimited risk! + +And the wheel? Literally bag holding for days, weeks on end collecting pennies while taking on much greater risk of loss because your delta is 1.0 on the position and, gasp, it can fall to $0 at any time and you're hosed. + +For those of you that like iron condors, strangles are essentially condors without the hedge position on each side. You keep that premium in your pocket meaning 1) higher returns 2) farther out strikes for same return (higher probability of profit) and 3) HALF the commissions on the way in and HALF on the way out! + +Look forward to hearing back. +So if according to Blackberry there hasn't been any fundamental changes in their portfolio then what's causing the surge in their stock? If there really isn't anything behind this escalation then surely very soon the price will come crumbling down again. Mind you I've only started investing a month ago so some things are still very confusing to me. I'm not complaining specially since I bought 10 shares at $8.50 and now each at $31.50. +After the interest rate rise and oil crossing 100 CAD mark, my understanding was that CAD should go up. I know it’s being said economy has been decoupled from oil, but 120$ barrel should have some sort of impacts, unless other have lost faith in Canadian economy. +I just got off the phone with my wife's family's...I don't know what to call them...Wealth management people? Bernstein. Sounds like they're a huge firm with high minimums for clients, and the only reason they're talking to me is because of who my father in law is. I'm wondering whether there's an advantage to going with a group like this and what sort of benefit I'd see over SPY all the way. They told me in their sales pitch they determine asset allocation and they have great research blah blah etc, then have what sound like their own mini funds and at a higher level REITs available only to high net worth clients. No crypto exposure, no nft's. + +This all seems extremely old school and outdated. Am I missing something? They have my wife 30% bonds in her early 30's, which seems...short sighted. They couldn't give me a straight answer on how they do compared with a passive index fund +I mentioned about my families shitty investment firm before here.. So we finally decided to get courage at fire them for severely under performing for the past 6 years. + +What left then was EVERY single salesman from there to call us all day today telling us we are making the very worst decision ever that I am an idiot. That it's such a horrible decision it better keep us up at night. Yelling at us over the phone. Calling non stop till we answer if we hang up they call us right back. So I had to unplug the phone line till 5 pm. I also ended up filing a complaint with Finra. But they guy who answered at Finra didn't sound very encouraging.. + +Like really.. is this how investment firms normally act? Or just the one we had? Literally trying to scare us to go back to them. It's like a crazy bad ex.. This should be against some laws.. But I doubt it is..I'm actually kinda fearful right now..People have killed others when there was less money on the line.. +* Four classes (10 classroom hours) held in the evenings +* A final exam +* A two-year relationship with a professional financial advisor to establish and manage your personal financial plan (a spending, saving and investing plan) +* Participants are eligible to earn a $1000 contribution to their Roth IRA at the successful completion* of the program (*100% participation in classes and advisor meetings and a passing grade on the final exam) +* Participants agree to provide financial information annually for up to two years in order to track the outcome of the program + +More details: http://tci-foundation.org/3rddecade/ +Background: I own a successful eCommerce business that nets me approx $3.5M/yr. I consider myself semi-retired (I was working a job for a Big 4 company until I abruptly quit 2 months ago). I work maybe 10-20 hours a week now. I’ve been traveling and relaxing for the past couple of months. + +The problem: I’m always seeing new opportunities that I could be dipping my fingers into. Now, these aren’t pie in the sky type ideas. They are businesses in somewhat nascent industries with just one or two established competitors, and plenty of room for more players. The one or two existing competitors have already done the tough job of validating that there is a market. + +The problem is that pursuing these businesses may draw my attention away from my current business and cause a lot of stress/additional work for me. Also, the additional income or windfall from an exit wouldn’t change my lifestyle at all, just add onto a heap of existing money. + +For business owners that have sold or are coasting on their current business’ income, what do you do when you get the “itch” to do more? +You are a middle aged person working in technology, business, or finance. You make over $100k/year, and you regularly invest in stocks & ETFs. You heard about Bitcoin 3 years ago, and were interested because people seemed to be making money on it. The narrative was somewhat bizarre and not entirely believable, yet somehow there was actual crime connected to it. As the story faded from the media, you lost interest and moved on. You had unanswered questions, but whatever. Life is busy. + +Fast forward to 2017. You've been hearing about cryptocurrency again. Except this time, there's a new upstart that has backing from big-name businesses. This time, it's being used for new kinds of software, not crime. You do some research. You're blown away. + +So you sign up for an exchange and easily buy the one that's being used for reputable projects by big-name companies. You don't buy too much at first, maybe $10k. + +Gentlemen, this story is about to happen to tens of thousands of people. + +We fixed for 5 years in early 2022 for 1.64% in anticipation of inflation. In preparation for what might be on offer from the lenders in 2025, is it worth overpaying mortgage now or do we think things should iron themselves by then? How long did the rate hikes of the 90s last? +Assuming they have to sell treasuries to cover the losses, what will be the follow on effect in US? + +http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china-weigh-on-global-growth.html?_r=0 +I made a comment earlier but u/welp007 recommended i make a post, so here i am. + +This is pretty short, so take it easy: + +I genuinely think WE, r/SuperStonk should considering adjusting our dialogue from the term Mainstream Media or *MSM* to what it truly is: + +**CORPORATE MEDIA**. + +i feel it's time we identify these shills for what they truly are, because with additional exposure and rallying, they’re losing popularity. and don't forget all the Corporate Politicians working for them, not us. + +stay strong. +stay safe. +keep hodl’ing +https://www.cnbc.com/2020/04/20/mark-cuban-says-amazon-stock-will-keep-going-up-up-up-because-of-behavior-change-during-shutdown.html + +Billionaire entrepreneur and investor Mark Cuban said Amazon shares will keep going higher even after a near 30% rally this year. + +"I think it goes up, up, up, up, up," Cuban said on CNBC's Fast Money on Monday. "People who weren't comfortable dealing with Amazon for consumables, for food, for produce even, I think they've gotten to that habit now...I think Amazon just takes off. The stock is only going to go up." +I just did it! Current age is 43. My main goal with FIRE was to reduce my anxiety from a stressful job. I think I was almost trying too hard to be FI that it also was creating more anxiety. +I had been on track to be ready to retire at 50, but I was just getting so frustrated with my job putting more and more on my shoulders. +As my boss was offering even more money to take on more responsibility, I finally confessed that is wasn't about the money for me anymore, I wanted more freedom. +This was super stressful, but so glad as my boss suggested me going part-time and taking a huge chunk of responsibility off my plate. I said that I would be open to that. +They came back with an offer for me to go down to 50% pay and work 3 days (but 9-5) instead of my normal 9-8ish. +I crunched some numbers and am now semi-retired and have so much less anxiety and stress. +I would just like to thank this sub for getting me to a position where I could have that conversation without stressing too much that I would be financially ok. + +Edit: Stats +43, $1M condo paid in full, $400K in invested assets, salary will now be $60K (instead of $120K), single, and addicted to travel and my hobby of glassblowing. +Work is also flexible with me working 4/days/week when it's busy and then banking those days so I will be able to take longer vacations when it isn't as busy. + +I have no idea how to write one of these, I just like the stock, and I don't want you Apes to miss out on this. Also i've been suffering with this bad boy as it has been oversold and shorted for the past month. Yes $RKT is absolutely mooning right now. Did you miss the RKT Rocket? Don't FOMO on the way back down to earth. Great news, theres another one on the tarmac ready for liftoff. It's name is $UWMC. $UWMC got a little bit of traction a month or so ago leading up to its earnings report after a massive SPAC deal. Guess what? It absolutely crushed its earnings. UWM reported 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. This company is just getting started and has massive opportunity for growth. It was trading around $11 and got as high as $12 leading up to the earnings report? What happened after they released news that they absolutely crushed it? The stock plummeted, and it kept plummeting. It had maybe 4 green days out of 30 in the month after its earnings report. Why? Shorts. Who do I hate? The shorts! + +Additionally, its a great income stock! UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on April 6, 2021 to stockholders of record at the close of business on March 10, 2021. Do you like free money? I would load up on this bad boy prior to March 10th! + +There are plenty of other catalysts and reasons to long this. It is getting added to the Russell 1000 and 3000 index by the end of this month, and it will absolutely crush its earnings again this quarter. Tomorrow, contracts will be pretty expensive as IV will go thru the roof in the AM, but as of market close there were still very reasonable prices for March, April, and May (post earnings) calls. + +Look at this activity aftermarket, it is up $1.30 (\~15%)! I wouldn’t wanna be staring from the sidelines as this stock rockets like $RKT? + +\*Disclaimer\* I am Long UWMC and have calls for both April and May. This is not financial advice I just like the stock!! + +*editing to add this dumb ass pun I thought of way too late: I’d MORTGAGE the house on this one. + +*editing again bc I forgot to include the ANALysts PTs if you care about those; average is $11.60, low of $10.50, and high of $13.50. All are bulls. + +*edit x3 since I’m a smooth brain and didn’t include what UWMC actually does and this has gotten much more attention than I thought. UWMC is United Wholesale Mortgage Corporation! They are... as the name implies... a mortgage lender! They mainly fund mortgage loans through independent mortgage brokers. Aka they make bank off of interest... think about how much you smooth brains pay in interest and will pay in interest every month for the next 25 years of your life. You’re paying UWMC. They’ve got a decent chunk of the market, and are continuing to grow. + +*edit x4 for all of you smooth brains that set stop losses and/or freak out when it dips at open on a red day... what do you think the institutions are doing when they see a bunch of dorks on WSB loading up on a new stock? They’re gonna short it to smithereens bc they know how many paper hands are here https://iborrowdesk.com/report/uwmc (there were 1,000,000 available at close yesterday and we’re at 80,000 available currently 12:30 3/3.) + +Update: only 35k shares available to short as of 1PM and this baby is holding $10+. With the volume of calls for 3/19 today, this could go parabolic on 3/19 if it keeps steady. + +Update 3/4: [UWMC CEO just declared war against $RKT](https://www.google.com/amp/s/amp.freep.com/amp/4578357001) + +Some more DD if interested +[here](https://new.reddit.com/r/wallstreetbets/comments/ly2o5t/uwmc/) and [here](https://new.reddit.com/r/wallstreetbets/comments/lxaa1g/uwmc_uptrend_is_just_starting_full_dd_inside_post/) +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) + +Hey everyone, making a post on QPM's future in terms of funding and dilution and what the major dilution imminent will result in for shareholder returns and share price. + + +QPM: + + +SP: 12c + +SOI: ~1.75billion + +Market cap: 201.5mil + + + +QPM share price has been smashed since the release of it's DFS on the 28th of November, the share price going from 18c per share to currently sitting on 12c (a 33% drop in value). It's no big shocker this is due to the stated capex being a massive A$2.1Bil, compared to the A$554mil quoted in the PFS. Which is a huge increase even taking into account the 2.7x increase in wet tonnes per annum of ore produced, requested by offtake partners. + + + +Funding + + + +According to the recent DFS amendment, QPM is currently at the following stage in terms of debt financing: + + + +~A$65mill - General motors + +A$250mill - Export Finance Australia (conditional commitment) + +$???mill - Northern Australia Infrastructure Facility (due diligence stage) + +$???mil K-sure (formal expression of interest) + +Letters of interest from 2 other export credit agencies and 9 Australia and international commercial banks + + + +This leaves alot unclear in terms of what percentage of the capex will be funded by debt and how much will be required to raise. I'm going to assume $1 billion is funded via debt (worst case scenario imo) and the rest by cap raises. This is really just an educated guess and the amount actually funded by debt is pretty unpredictable. + + + +So assuming $1 billion that leaves $1.1 billion required by to be funded via equity. Sounds like a scary number, but when you run the calculations, this amount of dilution still has surprisingly good returns. The overall dilution is obviously hugely affected by the price at which the the raises occur. Raising at 10c per share increases SOI far more significantly than raising at 20c per share does. + + + +I'm doing the calculations assuming the shares are raised at 10c (worst case scenario imo), 15c and 20c. + + + +Raising at 10c per share results in a required 11 Billion shares be issued. Increasing the SOI from 1,746,347,922 to 12,746,347,922. The DFS quotes an EBITDA of $1.042 Billion (base case), or $729.4mil after tax. Using this number you get an eps of ~$0.0572. This results in the following valuations: + + + +PE 10: 57c per share + +PE 14: 80c per share + +PE 18: $1.03 per share + + + +Raising at 15c per share using same calculation method: + + + +SOI -> 9.08bil + +EPS -> $0.08 + + + +PE 10: 80c per share + +PE 14: $1.12 per share + +PE 18: $1.45 per share + + + +Raising at 20c: + + + +SOI -> 7.25bil + +EPS -> $0.10 + + + +PE 10: $1.01 + +PE 14: $1.41 + +PE 18: $1.81 + + + +These numbers show big potential for QPM, imo at worst case scenario, despite massive dilution. I still think the capex is a massive obstacle and there is alot of risk in holding QPM, hence why it makes up only a very small portion of my portfolio. Please let me know in the comments anything I have gotten wrong, cheers. +If Dorito man wins, which is definitely a possibility, there will be bargains galore come November. + +If he loses there will be green dildos for your wives to cuck you with. + +If I’m wrong with my forecast which is more likely (I always fuck up plugging a USB in) and it’s the other way around. + +There will still be Dildos or Bargains in both markets. + +How dare self wealth not advertise themselves on this sub, we are your source of revenue, not those pussies at r/ausfinance that sit on reddit asking strangers for advice on what their first stock should be and then still fucking post 6 months later asking the same fucking question🤦🏻‍♂️ +Canadian Banks reported strong 2nd quarter earnings (as of April 30, 2021) with record net income for BNS, CIBC, NA, RBC and TD. Provisions for Credit Loss (PCL), which represents cash the Banks set aside in anticipation of potential loan losses, was again a theme this quarter. TD and RBC recorded negative PCLs, an indication that anticipated loan losses from a year ago did not materialize as originally expected. The Tier 1 and Total Capital Ratios are the strongest they have ever been as the Banks currently hold a lot of cash. + +https://preview.redd.it/4brz46u6ip271.jpg?width=726&format=pjpg&auto=webp&s=5b473b2ff97ed1bbf94d09c5bdd8b6c9712d9d75 +In last 24 hours while we all are waiting for a breakout, $725 million US Dollars have been liquidated. + +Last week were in 'extreme fear' at 48k. +Today, if we reach the same price point, we all will be bullish. + +In my honest opinion, +I know this is quite a rough start to the year, but 42,500 price point might be our bottom. +For long term, its always going to go up. + +This recent acceleration in sell-side momentum is getting BTC closer to a bullish trend reversal. + +On days like this one, +When you cant buy a dip, +Just keep your phone away from you, eyes off your red candle screens, and do something else today. + +Come a back after a day or two. + +Have a good day everyone! + +Edit - Well, bottom is still not in. Lol. +Future landlord wants 1st month rent as a cashiers check, and she wants all other future month’s rent payment as 11 hard checks upfront when we sign the lease (1 yr lease), but the 11 checks can be predated to the month it corresponds to (Oct rent dated as 10-01, etc. ) Should I be sketched out? My gut instinct tells me something is wrong.... Please advise! +When the market opens, i’m buying one or the other. I’m buying the one I don’t pick in the next week or two, so either way i’ll have both. But which should I buy tomorrow? I’m gonna put $700-800 in it. +My wife and I are closing on a home next month. Our dividend portfolio currently brings in about $190 a month on average, and we reinvest all of it. We have a 30 year fixed rate mortgage at 5.5%. We are going to be treating it as a 15 year, and our plan is pay close to twice the minimum payment every month to reduce the interest we have to pay and speed up paying the whole thing off. My question is this - would it make more sense to temporarily take the dividend distributions each month and put them all towards paying off the mortgage even faster than we already plan to, or continue to let them DRIP while we aren’t investing anything extra? My thinking is that once we have the house entirely paid off, that will free up all of that money to be invested, with DRIP turned back on, so we’ll be able to “make up” the ground we lost from not DRIPing much more quickly. + +Is this a wise move, or should I just leave it alone and let it keep DRIPing? Thank you. +I have been putting a couple hundred per month into the following, going off of things I saw online and in the forum, but I was wondering if there is anything I should cut or add? Thanks in advance. + + + +JNJ, PFE, SPG, O, WPC, CVX, CSCO + +VIAC, VZ, BX, AVY, IDV, ADM, IBM + +LMT, AAPL, SPHD, VYM, MA, KMB + +T, WMT, JPM, CAT, MO, BTI, KOF, SUN +If you are young and healthy the world is yours. Having no money or infinite money means little when your health is in the drain. + +This last week I've struggled with an awful flu virus making it hard to breathe, headaches, body aches and overall makes things miserable. I can't even begin to imagine people who have it worse because I know there are many out there. + +Some times it's easy to focus on what you don't have but this post is more about appreciating what you do have. If you have the ability to go for a walk 30 minutes a day, do pushups, situps or jog for 15 minutes, take full advantage of it and start because one day if you can't, you'll think back to how that is all you desire. + +Hoping for great fortunes to all. Stay safe out there. +The Robinhood stock has recently absolutely exploded. + +Despite this buzz, please be careful. This spike isn’t sustainable and some people wil be left holding the bag. This is the classic FOMO move, and those who are too greedy, will take losses. + +You can participate in this, but remember this if anything from this: + +**Invest what you’re willing to lose.** Don’t get too excited and don’t drop money that you aren’t ready to lose. + +That’s all. Stay safe. +The ability to do what you want, when you want, where you want, with whoever you want. + +For the price of less than $180 we have access to this once in a history opportunity. + +Because we are made for something greater than an 8 to 5. We are made for something much much greater than that. We are a cosmic miracle. And we are seeking expression of the ultimate best version of us. Our next phase of evolution is not a physical one. It’s a consciousness one. The Apes are awake. And the hedgies are fukt. To the moon! 🦍🚀 +The consequences cannot be estimated based on any previous milestone. The product/market of Ethereum fit is just about to be realized in a practical way on a massive scale. Some of the biggest names across all industries are on board with many more to come. Time for the visionaries to start reaping the rewards. + +In one word: **unprecedented**. +Some of you may have noticed the recent flood [[1](https://www.reddit.com/r/ledgerwallet/comments/bujahx/ledger_stuck_in_mcu_firmware_is_not_genuine_and/), [2](https://www.reddit.com/r/ledgerwallet/comments/bvc0hb/absolutely_nothing_seems_to_resolve_the_mcu/), [3](https://www.reddit.com/r/ledgerwallet/comments/c6j036/mcu_firmware_is_not_genuine_no_solution_now_stuck/), [4](https://www.reddit.com/r/ledgerwallet/comments/ax3xn8/mcu_firmware_is_not_genuine/), [5](https://www.reddit.com/r/ledgerwallet/comments/b7a4ap/mcu_firmware_is_not_genuine/), [6](https://www.reddit.com/r/ledgerwallet/comments/arj1le/help_nano_ledger_s_is_stuck_with_a_message_mcu/), [7](https://www.reddit.com/r/ledgerwallet/comments/bacdah/mcu_firmware_not_genuine/), [8](https://www.reddit.com/r/ledgerwallet/comments/c2nolb/ledger_nano_s_stuck_on_mcu_firmware_not_genuine/), [9](https://www.reddit.com/r/ledgerwallet/comments/ahptr2/mcu_firmware_not_genuine/), [10](https://www.reddit.com/r/ledgerwallet/comments/ayvq50/ledger_nano_s_stuck_on_bootloadermcu_loop/)] of "MCU firmware is not genuine" posts on r/ledgerwallet for the last 5 months (at least). It's leaving who knows how many people locked out of their wallets (hope you saved your seed phrase), stored on what was purported to be the most secure hardware wallet on the market. + +On the ledger website, their advice if the repair tool fails is to restart it. Which isn't much help as it seems everyone just winds up watching it fail again and again and again with no other options. + +Ledger support here on reddit hasn't helped any of us in any way beyond the inane advice on their support site, which its clear is helping no one. + +This is the extent of fucks that u/murzika and the Ledger Wallet team has given about this issue. + +For those considering buying a Ledger, don't. You'll lose access to your money like the rest of us. + +For those of us abandoned by Ledger and stuck without access to our funds.... I'm not sure what to do short of raising the alarm and making sure no one else supports this negligent company and falls prey to it's apathy. Any advice? Would it be possible to take collective legal action? + +I've begun reaching out to bloggers & thought leaders in hopes that a major publication will write a story on this. +https://www.cnbc.com/2021/11/09/ge-to-break-up-into-3-companies-focusing-on-aviation-healthcare-and-energy.html + +An intriguing decision by General Electric this morning, to decide to break up the conglomerate it is today, into three separate companies. + +I’m definitely interested in picking up shares of the Aviation and Energy companies when the dust settles from this. +We've all been hearing calls for higher pay in the service industry. People saying they don't want to work for "slave wages" anymore, which is understandable. The pandemic has started somewhat of a workers revolution which is great for improving workers lives...But if restaurants are paying someone $15+ an hour to flip burgers won't that make everything really expensive? + +Does someome really want to pay $20 for a Happy Meal? + +I'm having trouble understanding people's thought process. +How is increasing wages going to help? Companies will find ways to keep their profit margins. I remember a few years ago my city increased min wage from $8 to $10/hr. Everyone was so excited and couldn't wait to get their hands on this extra money, well guess what... As soon as the min wage increase went into effect companies cut everyone's hours. So the people still made shit pay and gained almost nothing. + +I'm not trying to start drama or get political here. I'm really trying to understand this argument for increasing wages. +Saw an ad at the top of Reddit linking to the following site (linking to site because ad disappeared when I clicked on it) + +[link to scam](https://pro.dailyfinancialnews.us/p/TEK_secretpot_1016/LTEKSA19/?h=true) + +For those not wanting to click the link, the site claims to be able to turn $50 in to a fortune through investing in stocks in Marijuana. + +Are admins going to crack down on scam advertising? This is pretty worrying to me. +# Worse than 2008? Do you agree with Professor Siegel? Where do you see U.S. real estate prices heading in the next 12-18 months? + +Some other expert opinions including Professor Siegel: + +# Jeremy Siegel, Wharton professor of finance + +"I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside," Siegel told CNBC in a recent interview, noting that housing prices by any indicator are going down. + +In a separate interview with CNBC, he said: "I think we're gonna have the second-biggest housing price decline since post WWII period over the next 12 months. That's a very, very significant factor for wealth \[and\] for equity in the housing market." + +# Mark Zandi, chief economist at Moody's Analytics + +"Buckle in. Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough," he said in a recent tweet. "Most of those declines will happen sooner rather than later. And house prices will fall 20% if there is a typical recession." + +In a recent housing report, he said: "The housing market is the most interest-rate-sensitive sector of the economy. It's on the front lines of the fallout from the Fed's efforts to bring down inflation." + +"There's going to be a coast-to-coast downturn in the housing market. It's going to be brutal. No part of the market is immune." + +# David Rosenberg, veteran economist and Rosenberg Research chief + +"We have a massive housing bubble right now. Most of the household balance sheet is residential real estate, and it is equities," Rosenberg said in a RealVision interview released this week. + +The economist pointed to the Fed's tightening efforts to bring inflation down from recent rates of 8-9% to its 2% target. + +"They want the stock market to go down. They want home prices to go down. Why? Because there's not a snowball's chance in hell they're going to get to their 2% holy grail consumer inflation, without there being a period now of asset deflation. It is 100% necessary." + +# Paul Krugman, Nobel Prize-winning economist + +The veteran economist agrees there's a severe downturn coming — but he expects it will be a while before higher rates really hit home prices and demand.  + +"The Fed's rate hikes have indeed led to a sharp fall in applications for building permits. However, construction employment hasn't yet even begun to decline, presumably because many workers are still busy finishing houses started when rates were lower," he said in a recent comment piece. + +"And the wider economic effects of the coming housing slump are still many months away," he said.  + +# Ian Shepherdson, chief economist at Pantheon Macroeconomics + +Shepherdson believes the steep drop in home sales hasn't hit bottom yet, and even buyers who set their sights lower to cheaper houses will still face bigger mortgage payments. + +"We expect a drop of 15-to-20% over the next year, in order to restore the pre-COVID price-to-income ratio," the strategist said in a note last week.  + +"In short, housing is in free-fall. So far, most of the hit is in sales volumes, but prices are now falling too, and they have a long way to go." + +# Don Peebles, real estate developer and Peebles Corp. CEO + +"I think the housing market is on its way into a recession. We're going to see price declines — price declines have already begun to take place," Peebles told Fox News last week. + +"I look at this as though we have this freight train out of control, speeding up, speeding up with low interest rates, and no one looked to start slowing it down or stepping on the brakes. Now all of a sudden its going to come crashing into the station," he said.  + +# Chen Zhao, economics research lead at real estate brokerage Redfin + +"The housing market is going to get worse before it gets better," Chao said last week, alongside a report that found a record 22% of homes for sale had a price drop in September. + +"With inflation still rampant, the Federal Reserve will likely continue hiking interest rates. That means we may not see high mortgage rates — the primary killer of housing demand — decline until early to mid-2023." + +Source: [https://markets.businessinsider.com/news/stocks/home-prices-housing-crash-fall-jeremy-siegel-paul-krugman-bubble-2022-10](https://markets.businessinsider.com/news/stocks/home-prices-housing-crash-fall-jeremy-siegel-paul-krugman-bubble-2022-10) +Backstory: back in February, I was very bullish on ARKK, I bought some at near all time high and sold $145 March cash secured puts. + +Current Status: I have two lots of ARKK shares, one at \~$150 effective cost and one at \~$139. If I continue to sell calls above my cost bases, it will take a long time for me to break even lest ARKK rally significantly. + +Thoughts: I am thinking about selling May 40 delta (\~$125 strike) calls to get assigned sooner. This reflects my current neutral outlook on the ETF. Then I switched to 30 delta puts. + +Any additional thoughts or comments on this strategy? +Good morning, here's my watch list, + +Gap Ups: BABA, BIDU, CRWD, DADA, DOCU, DSS, HELE, KC, LCA, LVGO, NKLA, NTES, SE, SHLL, TIGR, ZS + +Gap Downs: NGG, WBA + +Possible 2nd Day Play: FSLY + +Everything looking good with the market. SPY moving higher after testing the 200 day moving average twice and then remounting moving averages. I lost internet and had to try to find a wifi spot near my house in order to get this list out today so sorry for a lack of game plan as it has been difficult to get this list out on time. Actually I'm in my car in a local parking lot, so I may not be able to trade today due to poor internet connection, who knows, maybe I just trade in the car, haha. Good luck trading + +&#x200B; + +\*I do not add stocks under $5 to this list. If there is a stock that is under $5 here then it was above $5 when I added it\* +When most ppl think Disney, they think Parks. But Disney is so much more than that! Most ppl dont know that Disney owns + +* ABC +* ESPN (80%) +* Marvel +* Lucasfilm +* Pixar + +And these are just a few. But because of their ownership of ABC and ESPN, Seems like sports betting is inevitable. + +From a TA view, just looking at money flow over last few weeks and its been ticking up. + +When we look at Gamma exposure, 170 provides some great support but in the short term, 185 is some tough resistance. But in the long term, I like Dis over 200 by the end of the year. + +&#x200B; + +https://preview.redd.it/m8rk1jgpdmg71.png?width=1774&format=png&auto=webp&s=d9c2a799a66198936a414c03fbd6a9d4125f7b28 + +https://preview.redd.it/3ekqk6oodmg71.png?width=1906&format=png&auto=webp&s=ba6f23f32c6347305c9e51c6ea4eada7abe8124d +Since crypto winter is here and I'm still waiting for quality post I figured why not uno-reverse a question from today? + +I have been told that one thing you should always do in investing, is to look for reasons not to invest in something. + +The best argument for me is that it is too complicated for mass adoption. One mistake and your coins/tokens are gone. I know that's no issue for a lot of people, but it is an issue for mass adoption imo. + +Since I'm an idiot and can't come up with something better, I ask you, what might be the best argument against crypto? +Wass'up, + +I don't get where all this Archegos and Credit Suisse speculations come from here. So, a guy posted a document in the SEC comment section that has surfaced in a legal battle. He posted it in a thread about the necessity to bring transparency to the market. The whole document writes about swaps and what not, but firstly: not a single of those swaps shows to be around GME (unfortunately, I wish it were, but it is just not). So, I don't see any evidence that the swaps do include GME short positions to a greater extent. Fair enough, it MIGHT be, but I don't see any evidence for that in those documents. (GME is mentioned only in a side note and not so prominently that I believe it justifies the attention it is given here) + +Anyway, there's a couple of posts here suggested that those swaps need to be rolled today, or tomorrow or I don't know when. With respect to the swaps that Archegos entered into 1.5 years ago, this is bullshit, for the extremely simple reason that Archegos does not exist anymore. They imploded. Who should roll those swaps? The guy that sits in the office of Archegos that does not fucking exist anymore? By going bankrupt, they defaulted on the contract. + +Or do you think that Credit Suisse is going to roll the swap? Fucking no, they are the counterparty: Their exposure is the hedge to the swap, which is some sort of short position (if they actually did hedge). + +Lemme explain: + +So, Archegos opened some swaps years ago, which means: They went to their bank (e.g. Credit Suisse) and said: "Yo, I wanna be short this stock, but I don't want anyone to know. So, let's make a deal: I short indirectly with you as a counter party, when the stock goes down, I win and you pay me the difference and when the stock goes up, you win, and I pay you the difference. In order to make sure that I can afford that, here's 20% of the sum I am betting on (=the margin). And in 24 months, we will close this contract and whatever is due then, we will settle." Let's say they bet on 1m worth of stock A. + +So, Credit Suisse says: "Fine, let's do that, it'll cost you anyway 2% per month for the amount your betting on." And they go out and hedge their side of the trade (for example, by selling the stock short or other means, like options... or they find a counterparty that is willing to take the other - in this case long - side of the trade). + +So, first month, stock A goes down 10%. Archegos rubbing it's hands, saying: Boy, we just made 10% on 1m, this is 100,000$. And yeah, we will pay the running fee for the swap (the 2%) so 20,000$. Gives them 80,000$ in their pocket. + +What about Credit Suisse? Well... they need to pay Archegos 80,000$, how do they do that? Well.. they hedged their exposure, they are short themselves and just made 100,000$ last month. So, the deal is basically risk free for them. They give Archegos the 80,000$ and pocket the remainder of 20,000$ + +When this swap matures, the positions are closed, Credit Suisse dehedges (e.g. buys the shares back) and everything goes back to normal. Archegos might roll their swap (e.g. create a new swap with similar properties) and the game restarts. In this case, the swap was rolled. + +But what if Archegos fucking explodes in between? Which, by the way, happens to be the fucking case. Well... Credit Suisse is stuck with their hedge. They can't dehedge and make Archegos pay the bill, because they just vanished. Whereas the underlying deal is risk free, it comes with a counter party risk that just blew up. Credit Suisse doesn't need to roll the swap, they will some day need to become risk neutral again by dehedging. But this has nothing to do with terms of the swap, because - unless the swap was taken over by somebody else - it just leaves Credit Suisse with a big pile of steaming shit in their books (like a brazillion securities sold short). + +So the due dates of the swaps do not matter directly. Credit Suisse might or might not have hedged their side of the trade and nobody knows this hedge looks. It might they found somebody for the long of the trade, it might be that they are short the stock, it might be that they bought a shitload of options in Brazil, NO-BO-DY FU-CK-ING knows... at least yet. And you can be sure that this will not surface in the legal battle, because it is between the CFTC and the corpse of Archegos (and the guys that ran that show). + +So, while rolling swaps definitely is a thing, it definitely is not a thing if one of the parties to the contract just blew up, especially if it is the party that closed them in the first place. + +You cannot deduct any roll dates and volume or price movements on the underlying stock (or basket of stocks) for those swaps mentioned in the document, because the counter-party ceased to exist. + +It's a simple as that. + +I am very happy to be challenged on that. + +A very quick lookup on whalewisdom shows that Credit Suisse seems to have a 250k long exposure on GME, which is absolutely nothing. I don't see any other exposures there, however, as we know, some exposure is not reported (e.g. exposure of swaps, which was the topic that the SEC requested comments to very recently, I hope you did, short exposure). + +There are much more interesting positions, like for example State Street Corp with 6.8m shares. State Street is the same group that also runs the ETF XRT, which is oversold all the time and in RegSho for months this year. Their holding corresponds to an exposure of roughly 200m or a 2.22% stake in the float of the company. That is substantial. + +XRT(their ETF) has net assets of $318m, of which 6.6% are GameStop. This means, XRT contains $20m worth of GameStop. + +So, State Street is long the rest (180m$) on GameStop? And runs the ETF that gets shorted to hell and does nothing against it? + +Sure... + +Lemme repeat: Archegos is a fucking mess but in the context of GME, I don't see what role they are supposed to play. Red herring... the eyes should be on other guys. + +&#x200B; + +However: That doesn't mean that those documents are spicy, they are: Archegos lied to their prime brokers and created a financial black hole that is probably sucking up Credit Suisses' (and god fucking knows whose else's) capital. It shows how ridiculous the reporting requirements on swaps are and that it is crazy how easily Archegos was able to just hide their positions. + +All of this is not financial advice. I can't even count how many toes I have, talk to an adult about your investment. + +Cheerio.. DRS. That is all. + + +[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!* +I also offered to drop off said item. How should I approach and how would this scam go down? A post dated cheque that they cancel once I send the item? +Hi + +edit: I tried googling this, but just got "how to cancel your own SOs" not ones being made to you + +Before covid, I did some work from a client, they only wanted to pay for half of what I invoiced, it ended up going to court, and I won. + +The entire ordeal was messy and he made big threats against me for taking them to court and I want to avoid contact with them in any form. + +The problem is, they set up a standing order of £35 per week into my personal bank account to pay off the entire debt, and have clearly forgotten about it (as have I to be honest) but today I crunched the numbers and have seen he has overpaid by £680 and is still paying me every week. + +I don't want to contact the person, I'll give back the money no problem but I just want to wash my hands of this situation without involving them. + +I don't see "waiting and seeing my bank balance get larger" as a suitable alternative, as this is just kicking the hornet's nest. +Hey AusFinance + +First home buyers just starting to look/make offers for places. We found a private sale today that we really liked - advertised $550-$600k and we emailed this afternoons offering $560k. The agent called me back this afternoon and said that we should “make our best offer” and basically said if someone offers higher they won’t come back to us to negotiate. They also gave us some non-legal but “official” forms to submit an offer that basically says “this is our best offer, we are officially stating we cannot offer higher than this price and if someone else offers higher we do not require notification” + +I was told there was an offer submitted this afternoon and I asked if we are wasting our time if we submitted an upped bid for $570k but he wouldn’t say no, and then he just sent us the aforementioned forms to submit an offer and said vague things like “I won’t be surprised if it sells for $600k” + +I have no idea how to play this game and it’s very frustrating. + +Also, just a side questions: + +if you’re currently a FHB, are a lot of you waiting for July 1st for the deposit scheme spots? + +If you’re a real estate agent or just in the know - is the market weakened atm because of covid? Is it easier to snap up deals or are a lot of buyers out and about because of the grants? + +Cheers +&#x200B; + +Let me start by saying I am sorry if this breaks any rules in the sub. I’ve been here long enough to know it will be removed by the \*new-ish\* mod team if it does. Apologies in advance if that occurs. + +**This IS your typical “I’m on my way to FIRE. Here’s where I’m at”** post. I’ve gone ahead and tried to add more detail but if you have no interest in **another mid twenties person** rehashing the last couple years of professional experience and a FIRE-minded approach to life then I would simply stop here. + +I started college in Fall semester of 2013. I was 18 and went to a state university in the NE region. I was granted merit based scholarships as well some subsidies for tuition due to a program known as the [New England Regional Tuition](https://admissions.uconn.edu/cost-aid/tuition/rsp). Some of my college was subsidized by my achievements and due to my choice in the discipline. The other part of my college was completely paid for by my parents. I cannot stress this enough. While I was in Uni, I was lucky enough to have all of my necessities covered by my parents or other means. I did work as a sophomore up until I graduated (undergraduate lab where I was published as a #2 author, gas station), but literally pissed all that money away on alcohol and drugs. I really am very lucky and privileged. I got to enjoy all my college years and graduate with no debt. I **could** **not** have done this had my parents not helped me and given me so much. There just would’ve been no way for me to balance the workload (I went to school for ChemE..it was hard because I’m a pretty average guy) + +Well fast forward to graduation of college. I’m out of school with no debt. Again, most of this success to this point has been a combination of (alittle) of my skills & drive, and (a lot) of my surrounding support system). By this time, it is May 2017. I’ve just received my diploma and drive back home to have knee surgery (woohoo ACL tears!). By August 2017, I had my first job after living at home for 3 months (recovering + job hunting). My pay would be almost $50k a year. Once I got a job offer my parents gave me **$10,000** to put towards whatever I wanted. + +**OK. That’s the story before I really started my FIRE journey. A lot of privilege. A lot of luck in the genetic lottery. Absolutely amazing self-less parents who I would do anything for. A VERY strong support system.** + +Cue the start of my own (I mean really, my OWN) journey. + +In November of 2017 my parents would sell the house I grew up in and move out of state. I lived in their old house until I was forced to move out. In Nov 2017 I moved into my friends duplex. He had graduated a year prior and co-signed with his parents. Myself and another friend were renting out rooms on the first floor while he lived in the master. He also had tenants above him (kinda sounds like the start of his own FIRE journey :p). This is around the time I started realizing I’m starting to stack up some sizeable amounts of money. This is also around the time I first dove into investing, retirement planning, personal finance and the likes. + +Until 2018, I just kept absorbing information without taking much action. I wanted to be sure of myself. I think I put like $3k into my 401k in 2017 but I’m not sure I’d have to look. So once 2018 began I took things more seriously. I applied more effort to handling my money. From about 2018 until now, I’ve followed a budget close to the one you will see below: + +**Monthly Summary 2017-2018 (note: in 2019 the income rose to \~$4833/month, expense constant)** + +Income - $4000 (gross) + +401k - $1550 + +Taxes + Other deductions – $894 (S/0) + +Expenses - $1015 + +Taxable Brokerage - $166 + +Roth IRA - $500 + +Savings = $2216 ($26.5k/yr) + +Spending + Deductions = $1784 ($21.4k/yr) + +You’ll notice this is slightly off – approx. $225 / month in the red.. That is due to the following: + +1. Spreadsheet and taxes + deductions were updated to current numbers once 2019 started (got a raise to $58k..so I probably paid less than $894 / month when I was making $48k +2. I (foolishly, I admit) claim nothing on my taxes and get $1500-$1700 back each year. Might change this since it’s an interest free loan to uncle sam blah blah whatever. + +So all things considered lets be conservative and say maybe \~50% savings rate? I know numbers are a little funky but it’s hard to go into alllllll the details here. I also don’t stress about the fine details much because lets face it – there will be things well out of my control that happen and have a far greater impact than actually only putting $18,450 in my 401k in 2018. I do what makes sense for me. Hopefully there isn’t too much blowback from the accountants on this board. + +Now comes my favorite part…The chart and current investment thoughts. + +As I mentioned, I really started thinking about FIRE in Nov 2017, or that was my first formal exposure to the idea, anyway. That is reflected in the following chart, which begins in Oct 2018 and ends Oct 2019. + +[https://imgur.com/gallery/Wt0YEkP](https://imgur.com/gallery/Wt0YEkP) + +Really the only thing to note is that in 2019 I got a big raise (I said gimme or I’m gone..thanks to having a huge E-fund and safety net (the one I built, not the one I was born into). I made the jump from $48k to $58k and a got a nice bonus with backpay. + +**Investment Thoughts:** + +21% cash (declining every pay period) + +79% invested (Bogle 3fund) + +Of my investments: + +68% 401k (US Total Market Fund) + +21% Roth IRA (95% US Total Market funds + 5% lotto tickets) + +11% Taxable Brokerage (\~85% US Index funds + 15% EX-US Index Funds) + +I am working towards an 80/20 (equity/bond) ratio with \~20-40% international equity weight. I just decided on the asset allocation a short time ago, so my current investments don’t reflect my desired allocations. I will be working to amend that by simply increasing my international funds. I don’t think I’ll re balance into that AA at this time. Bonds won't really be added until next year, at 25. I don't plan to be 20% bonds until maybe 35-40. + +In Oct 2020, I plan to make a similar post. If you read this whole thing, I hope you enjoyed it. I look forward to any comments and discussion. + +&#x200B; + +Edit: I've really enjoyed all of these discussions. I think there are some interesting opinions about privilege and how it applies to FIRE. + +&#x200B; + +Edit 2: Here are some facts about my college experience. I feel I should update because there is some misinformation going around. So.. + +1) I did not attend UCONN! New England Regional Tuition was \~$12k per semester or $24k per year. I was granted a merit based scholarship for $5.5k per semster or $11k per year. Freshman year I paid the full room and board costs + meal plan which was $12k per year. After sophomore year, housing costs went down to $3k per semester. Food went down to \~$4k per semester. The following can be used to summarize college expenses. Please note these are estimates + +2) My parents provided both my sister and I with $160k for educational costs. Much of that money was passed on to them from their grandparents. All 4 of my grandparents fought in WWII, survived to tell the story, and lived into their 90's. I have a suspicion that their money is much of what was used to pay for my schooling. I hope to do the same for my kids, and many others. + +**Year 1:** + +Tuition : $24k + +Room + Board: $12k + +Scholarships: ($11k) + +**Year 2-4:** + +Tuition : $24k per year + +Room + Board (off campus housing + no meal plan just buying groceries) : $14k per year + +Scholarships: $11k per year + +**Total Estimated Cost of College: \~$106k.** + +**Total Savings Available For College (From Parents): $160k** +I KNOW, I KNOW, it's a newer token. But say the devs (whom I have faith in) attain their goals and everything comes to flourition. With ETH about to break through the historical 100 dollar mark, realistically, how valuable do you think this token could get down the road? Compared to the tremendous rise of ETH (and the rise GNT itself) will it ever get to the ten dollar per token or even 100 since it's based of ETH? I'm sure a dollar per is right around the corner, but what will it take to break that dollar per token mark? The release of brass? + +What's everyones general thoughts, comments, analysis? Just trying to stir up some chatter. + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Now is an incredible buying opportunity. Yes, it can still go lower. You should probably prepare yourselves for double digits. And it could stay lower for years. As far as I'm concerned, the lower it goes from here, the better the opportunity. + +5 year money is almost guaranteed to profit from this price level. Put in 5 year money and you got no worries. + +To all you November/December folks: +This is normal. Including your freakout. This happens to all of us who buy into the bull. Then we lose our shit. Then we panic sell. Then we think it's all over and that we're idiots and we should never gamble XX% of our net worth. And then, after a while, shit starts picking up steam. And all the folks who are selling now freak out the other way and FOMO in. And everyone on the periphery of this bubble who were unsure and now think they're smart will FOMO in because, "Holy crap I was wrong it isn't going to zero and there is something there!" This is roughly how every cycle has gone up to and including this one. There's no reason to think this time will be different. + +Consider how mainstream coverage went on this last bubble. Bloomberg and CNBC every damn day with an update. Articles galore. Fed Chair being asked about it by Congress. Goldman fucking Sachs jumping into the space. Awareness is at maximum. And everyone who sat out this last run will want in on the next. On a global scale. Prediction: the next bubble will be THE bubble. The holy shit, what the hell was everyone smoking, bubble. No one will reference tulips any longer. All future bubbles will forever be compared to THE crypto bubble. This isn't even factoring the non-zero risk of an implosion of the world order as we know it. Dollar collapse. Dark ages. Cats and dogs getting along. And crypto existing as the only conceivable money supply substitute until governments get back on their feet (if they can). + +So many good things are still coming. Hype just got smacked by reality. See projects that have achieved real world progress tank hard because, "Oh, you mean you aren't going to be Google on day 2 after your launch? Boooooo. Sell sell sell!" Before long, reality will make the hype seem quaint. + +I do agree with Vitalik's sentiment that 1,000x days are over. I'd wager it's more like 1,000,000x days are over. 1,000x is probably max theoretical increase from here (real value). With speculation it could be more. But the days of buying 10,000 BTC for $40 are obviously gone. That doesn't mean there isn't some serious upside still to be had. + +Volatility is insane because volumes are insanely low compared to almost any other asset class. Think about that. That means, one day, when this market is mature, volumes will be orders of magnitude higher than they are now. That will almost certainly necessitate a much higher price and market caps. We will reach that day in the very near future. + +This shit is programmable money, independent of any central authority. This technology has not existed before in human history. Wrap your head around that and you'll have no worries about the future. It ain't going anywhere. Good luck gang. +I like a good bull run and price rise but downvoting people for taking sensible action (i.e. taking profit) is stupid (and somewhat dangerous) in my opinion. + +**Bubble?** +I think it is evident from the price action we are in bubble territory. Not just eth but the cryptosphere as a whole. I mean, for example, today nearly every coin in the top 25 list of coinmarketcap is show a daily growth of 5%+ and this behaviour has been going on for a while. Volume in fiat pairs is growing so new money is coming in that is expecting to get rich fast. That is not organic growth. That is euphoria. + +Where we are exactly, how high it will go and when it will burst and at what price it will stabilize nobody knows but this cannot be sustained indefinitely. It can take years or months or weeks but you have to be prepared. + +Don't get me wrong, I would love to have $1000 eth but expecting it is something different. Yes, the fundamentals are great, but so is the risk. + +**Bull run emotions** +Bull runs are exciting! Adrenaline through my veins and overall happiness about seeing the value of my stack increase. I like it, who wouldn't? When the run continues you want more! And at certain moments fomo sets in, intensifying the run. + +Advice in the daily is "BTFD!", "The price will go up so just buy! Now!", "Take out a loan? Of course, this is the future.", "It takes a week for fresh fiat to arrive so buy now if you can.", "Every eth under $100 is cheap eth", "HODLing for life". + +Well, this is not my first rodeo and bull runs end (just like bubbles). Whether you like it or not. We do not know when and at what price but end they will. It might be slow but it might also be very vast. + +**Sanity check** +Don't get caught with your pants down. If you have invested money sell some on the way up to take some profits or take out the principle or pay off the loan (if you have one). That way you can ride the wave with less or no risk. + +Saying you will never sell is easy during a bull run but is tough after weeks or months of price decline or a sudden mini paniccrash. Once you have reduced risk these times are better to stomach and prevent you from selling when you think all hope is lost (which may turn out to be the real bottom). These are the times where patient people slowly buy in preparation for the next run. + +Good news works in a bull market but in a bear market even unchanged fundamentals and good news will not stop the price from declining. + +Anyway, on with the bull run! + +*End rant* +Hello, + +I am a managing director - handling the whole data science/retail area - working at an European bank. I am 30 years old make decent money and if everything works out I can retire in the next 15-17 years the way I want. + +Last year I bough a house for my wife and daughters without taking any loan. The home is basically our safety net and we intend to stay until we die. + +I am currently investing my money mostly into cryptocurrency (as this is sth. that I really enjoy staying informed) and I am constantly searching to buy a flat as investment property. + +My job is quite stressful and I usually work 10-12 hours a day. This does not leave much time for family and kids. If kids are in bed I am using the evening and night to work on my own things. (if I am not brain fogged from the day.) I am an avid coder and try to learn and practice my skills everyday. + +As the banking landscape is changing - margins for banks go down in retail, organizations tend to become more flat etc. - I am fearing that they might cut my job in the next 10 - 15 years. Furthermore, I have always dreamed to own my own business. + +I was thinking to start a side business, which I can transition into when they cut my job or I just want to: + +* Has anybody of you started a side business, while having a stressful job? How did you do it? +* Is this path recommendable? + +I really appreciate your thoughts! + +I'm currently setting up my algotrading stack and was curious to find out what everyone is using and experimenting with. +This is what I'm testing so far: +**Alpaca** \- My go to for stock trading (I know people push back on the fees but it's been far from brittle and I enjoy the reliability/versatility). + +**Kalshi** \- Just started playing around with their new V2 API and testing automated prediction market bets as an under-hedging vector for more liquidity exposure. + +**Metatrader** \- Was recommended this for back testing but I will happily look into an alternative. +I am hoping someone can help me, I am a Mathematics student who is interested in Portfolio Optimization techniques. + +Is there a book or seminal papers that you can recommend that goes into the details on portfolio optimization from the traditional budget-constraint model to factor model. + +I know this questions has been asked before, but I was hoping someone can provide insights on which books contains the mathematical details behind MPT and it's derivatives. +I mean..just look at the stock... I see the logic about retailers moving to online but come on this shutter down is not going to be FOREVER. + +What is crazy valuations? What are people buying into when the company has not even turned a single profit year. + +LIKE TF is this! +Hey everyone, I realize that title sounds a bit like an oxy moron but I'd like to dabble in options trading in my IB account. I was wondering what an acceptable amount of volume or outstanding contracts number to use as a guideline for a symbol. + +The volume is low but how low is too low? Also I was wondering if anyone had a few stock symbols or etfs in Canada they like to use for options. I intend to start with the wheel till I figure out a few things. + +Thank you in advance. +I thought it’s always a good time to buy index funds? Especially now that the market is down, wouldn’t it be wise to DCA like one normally would? If not, why are comments saying not to do this getting upvotes? +I'm sure most people already know this but there was an article on BBC saying that a girl applied for a job with Tescos at 7pm and they called her back at 10pm, done a 2 minute telephone interview and told her to start on Saturday. + +This is a great opportunity for anyone who's in need of a job or just want to help tackle the virus. + +[https://www.bbc.co.uk/news/business-51976075](https://www.bbc.co.uk/news/business-51976075) + +Edit - Also just want to add that I went to Sainsbury's a few days ago and saw that absolutely none of the staff were wearing face masks or gloves. Surely this is the least they can do to protect their own staff and customers. If anyone sees this next time they make a trip to the supermarket, it might be worth mentioning this to the floor manager. +Recently graduated school and landed a good job, now that I have steady income I’m looking to start investing. I know a basic amount but not a ton by any means. + +At my job I’m allowed to have headphones in so I try to listen to podcasts and figure if I could listen to something on investing that would be ideal. + +Edit: I really appreciate all of the responses, clearly have some listening to do. Thank you! +BTW, I lost 60% of my initial investment in Bitcoin and some other altcoins 1 week after I made my first time purchase. I felt like throwing up, but after that dump, I started to do research more about Bitcoin. It's the future. And then I started to HODL and DCA my purchase. I felt nothing about yesterday's dump because I was still in huge profit even when Bitcoin correct 50% + +Remember, + +1)the government are printing unlimited amount of Fiat currencies + +2) Smart Money (Whales) number are growing rapidly + +3) The retail investor FOMO hasn't really started yet + +4) Time in the market will beat timing the market + +So, stop freaking out, and start HODL the fuck up! +I was in the credit union today looking through all the currency exchanges on LRC wallet and thought to myself... I wish my bank did this. I kept thinking about Looprings liquidity challenge. + + +Then it hit me. + + +LOOPRING IS THE BANK. + + +IMX is the money. + + +GME is the marketplace. + + +The marketplace now only needs a location to sell its goods. This is where Apple, Microsoft, and Google come in. Meeting the customer on their phone and computers. + + +Microsoft bought Activision to develop the location. Anyone wanna play in Ready Player One? + + +I'm sure we'll see grocery stores, shoe stores, art stores, music stores, furniture, houses, etc... + + +GME will fracture the economy in two as liquidity drains out of the USD and into cryptocurrency where it will have a permanent use in retail stores being built. +Hello PF - + +**Here's my situation**: Currently employed in city A but wanting to move to city B (another state, far away) to be with SO. Have been interviewing in city B for new positions. I currently have 1 offer, 1 "we'll get back to you", and 2 more interviews in early June that are very interested in me (as I am in them). Won't be making the move until July-ish so I'm okay to take interviews up until then. + +**BUT** the one company that I did interview with wants me *bad* and is looking to have a decision soon. They are pressuring me, but because they need to know if they should go after other candidates if I do say know, and can't wait for all their options to disappear if I take too long. + +**Here's my question**: (but I'm open to all advice on this situation). The employer said **"what will it take to get you to say yes this week and be comfortable moving forward with us?"**. He even said if it takes more time, then that's an okay answer (which might mean they'll give up on me, idk). What's too much to ask? Can I ask for more vacation, higher pay, bigger sign-on bonus, pay moving expenses... all of that, only some of that? I like the company, but the salary is low and benefits are vague, and I honestly just want to see what the other companies are all about as well. + +I don't need to get into too many specifics on my current job or offers, (but if that's desired for help, I can post). + +**----------------------------** + +**Current Job**: 56k, 2% 401k match, 2 wks vacation, 1 wk sick, wellness program, insurance and such. Okay company culture. + +*Offer*: 52k (told them it was low), 2k sign on bonus, ?% match (didn't say), 17 days PTO (sick, vacation, personal), insurance and such. From what I can tell, good company that values, trains, and retains employees. + +Rough cost of living comparison for 56k in new city is ~50k. But I'm looking in the 60k range because that's what some other companies have floated. + + +(Tried to keep it shorts, so if you want more info, feel free to ask. I also might add things as I remember other important notes.) +I have been following crypto's since the big bitcoin bubble in 2013. I have witnessed the boom and bust of many other cryptocurrencies since (I'll never forget Paycoin). Because of the experiences that I have had watching and speculating other coins, I do have a short outlook on Ethereum. However, I'd like to know what the holders of Ethereum like about the coin and what reasons they have chosen it as a long-term investment. ETH seems to have a stronger base of confident holders than I've seen in any other coin. That's why I'm opening this discussion, why have you chosen Ethereum? +(Note: I made a post similar to this yesterday, which I deleted due to a gratuitous +error. Thanks to /u/thedarknight__ for pointing out the mistake!) + +-------- + +I did some rough calculations, and as a result I'm becoming more convinced that the +forecasts of 10-15% drops in housing prices are pretty reasonable. + +I already leaned towards taking folk like Chris Joye at their word that a 15-25% drop +was reasonable, based on the bloke talking plenty of sense about how he arrived at that +number, and his being a verified non-permabear - previously arguing correctly that +prices would rise during the pandemic. This gives him a lot of credibility in my eyes. +And most banks are making similar projections. My own numbers here are for a somewhat +smaller drop - especially since Joye's forecast is assuming only a 100bp rate increase +and we've already exceeded that. But it's not crazy different. Maybe I'm a tad more +optimistic with the assumptions. + +Anyway. The core fact is that prices are limited by loan serviceability. + +Yearly principal+interest mortgage repayments on an `N`-year loan of size `L` with interest rate `r`, ignoring +intra-year compounding [are](https://en.wikipedia.org/wiki/Mortgage_calculator#Monthly_payment_formula): + +`annual_repayments = r L / (1 - (1 + r)^-N)` + +Assuming annual repayments for which someone meets serviceability requirements are +proportional to income `I`, and assuming loan size is proportional to the price `P`, +substituting `I` and `P` into the above equation and solving for `P` gives us a dumb +model of how prices might vary with income and interest rates: + +`P ∝ I / r × (1 - (1 + r)^-N)` + +The rate `r` in this equation is the rate used for serviceability tests - which would be +3% above the mortgage rate as per APRA requirements. + +Assuming a 30-year loan, that mortgage rates are 2.4% above the cash rate and that peak +prices occurred when the cash rate was 0.1%, we can estimate price drops from peak in +various scenarios. + +Assuming the cash rate increases to 2.85% ([the median +forecast](https://www.reddit.com/r/AusFinance/comments/vquyof/afr_survey_of_economists_on_cash_rate_forecasts/) +of surveyed economists), and that nothing else changes (no income growth), this +oversimplified model says prices would fall by 24% from peak. + +Sounds like a big drop! + +However, some other things likely will change. For one, if that takes two years to play out, +then nominal income growth might be something like 7% (the resulting growth in house +prices won't be real, but we're talking nominal here). Also, it seems likely that APRA +will decrease the serviceability buffer from 3.0% to 2.5% once rates get a bit higher. +They might even decrease it more. + +Take those assumptions into account and you get that prices will fall 15%. + +And, 2.85% is the *peak* cash rate forecast by economists. By end of 2023 the median +forecast is 2.6%, which if fed to the above, gives a price fall of only 13%. + +You can get more optimistic if you like: Rates won't necessarily stay where they are by +end of 2023. The CBA thinks rates will decline to 2.1%. If that happens, then when all +is said and done the drop in house prices would be only 9%. + +So there's a range of scenarios there that I think reinforce the expectation of a drop +of 10-15%. You can be a bit more pessimistic and get it to a 24% drop if you like, but +you have to assume zero nominal wage growth and APRA holding their buffer constant. And +you can get a bit more optimistic and assume the CBA's forecast is on the money and get +it to a 9% drop. All in all 10-15% ends up looking like like a pretty reasonable +central expectation. + +One thing ignored here is that deposits are not a fixed percentage of sale price: when +prices are lower, deposits are more likely to be a larger fraction of the sale price. +This helps serviceability and so will result in somewhat smaller price drops than the above model +says. + +And of course it's a dumb and simple model that ignores everything else that would +affect demand for and supply of housing. It's just talking about the ability to get +credit and even then is super oversimplified. + +Here's a sample of model outputs including the ones mentioned above, and some others: + + Cash rate to 12.0%, all else equal: -60.8% + Cash rate to 3.50%, all else equal: -28.7% + Cash rate to 2.85%, all else equal: -24.3% + Cash rate to 2.60%, all else equal: -22.5% + Cash rate to 2.10%, all else equal: -18.7% + + Cash rate to 12.0%, income +7%: -58.0% + Cash rate to 3.50%, income +7%: -23.7% + Cash rate to 2.85%, income +7%: -19.0% + Cash rate to 2.60%, income +7%: -17.1% + Cash rate to 2.10%, income +7%: -13.0% + + Cash rate to 12.0%, income +7%, APRA buffer to 2.5%: -56.8% + Cash rate to 3.50%, income +7%, APRA buffer to 2.5%: -20.2% + Cash rate to 2.85%, income +7%, APRA buffer to 2.5%: -15.1% + Cash rate to 2.60%, income +7%, APRA buffer to 2.5%: -13.0% + Cash rate to 2.10%, income +7%, APRA buffer to 2.5%: -8.6% +I found myself reading many 'succcess' stories over my few months browsing this subreddit and just thought I wanted to share mine, although not as major as others. + +Thanks to Bitcoin I have been able to do something that I never thought I would be able to at my age. My mother has been struggling financially for some time and as time went on many things broke that were previously bought by my father. Having bought some btc earlier this year, I really wanted to take the opportunity to give thanks to this amazing woman that brought me into this world. I bought a new microwave and fridge and had an oven also installed, installed everything overnight (to be ready for any Christmas preparations) and woke her up early this morning. Seeing her expression this morning was absolutely priceless and worth every Satoshi. + +Keep on Hodling my friends! I'll be back! + + +edit: Thank you very much for the gold and btc donation. I appreciate it more than any of you can know! I will be sure to pay it forward! + +My mother also just informed me she is looking into using the small amount of money she saved for a microwave to buy some Bitcoin, we have come full circle! + +I found myself reading many 'succcess' stories over my few months browsing this subreddit and just thought I wanted to share mine, although not as major as others. + +Thanks to Bitcoin I have been able to do something that I never thought I would be able to at my age. My mother has been struggling financially for some time and as time went on many things broke that were previously bought by my father. Having bought some btc earlier this year, I really wanted to take the opportunity to give thanks to this amazing woman that brought me into this world. I bought a new microwave and fridge and had an oven also installed, installed everything overnight (to be ready for any Christmas preparations) and woke her up early this morning. Seeing her expression this morning was absolutely priceless and worth every Satoshi. + +Keep on Hodling my friends! I'll be back! + + +edit: Thank you very much for the gold and btc donation. I appreciate it more than any of you can know! I will be sure to pay it forward! + +My mother also just informed me she is looking into using the small amount of money she saved for a microwave to buy some Bitcoin, we have come full circle! + +Good afternoon r/dividends, + +Recently it has become a topic of discussion amongst the moderation team about once again allowing images on the subreddit. Those of you who have been members of this community for some time may remember the days when image posts were very, very, VERY, frequently abused and spammed by those seeking to pump and/or promote certain applications. + +The moderator team is seeking the community's permission to conduct a test. For one day we will allow images to be utilized in text-based posts. Things such as charts, graphs, etc. Image-only posts will still be prohibited, as the mod team does not believe that a post containing nothing but a title and an image really sparks lively discussion regarding this subreddit's focus. We also do not wish to convey the impression that we are some type of meme subreddit. People come here for genuine advice, not to share memes. + +Please feel free to let your opinion on this matter be heard by participation in the poll below. Feel free to elaborate on your thoughts in the comments. + +The exact date of the test will be determined by looking at the subreddit traffic stats available to us moderators. + +Thank you for your participation in r/dividends, + +u/Firstclass30 + +[View Poll](https://www.reddit.com/poll/m3jbgp) +Everyone's saying bitcoin is a bubble right now. It sure looks that way. There will be panic selling at some point. + +But what if the money in altcoins starts panic selling? Most will sell their alts for bitcoin before they cash out into USD or EUR or something. + +So while bitcoin holders might be panic selling BTC at some point, altcoin holders will be desperate to get into BTC. Therefore, a panic in BTC will create a demand for BTC. + +Is this the perfect dynamic? Do you guys think this kind of self-correction could prevent another long term bear market? And how would futures play into this? Those investors are most likely not in altcoins, so if big money leaves the crypto market completely, it will most likely be there. + +Discuss. + + +I don't know why I'm the only one talking about this or maybe I'm the only one bothered by this, bas Eth 2.0 going to proof-of-stake might not be the best idea. + +Let's not forget this is the idea that Cardano tried to implement, and look at where they are now. Crypto is supposed to be rewarding for hard work, not for large funds. Ethereum trying to reward the highest bidder makes it as power-hungry as the next guy. + +Don't get me wrong here, no one loves Ethereum more than I do, which is why I always tried to educate others on it and defend their negative aspects, such as the gas fees, and the long wait for transactions, but going to 2.0 makes it unfair for the little guy and it's time we talked about it. + +Let's not forget there are thousands of people across different social tiers who are fully invested in ETH mining gear, even many here in my little country, who will be absolutely rekt when the update comes in. + +There are many things that Ethereum could spend time working on, many that are dire and require urgent solutions, like the smart contracts or constant attacks on the blockchain, to which they can offer an insurance fund of sorts (?) as how Kraken exchange has done or how soIana prime has implemented, or the long wait for transaction to which they can implement some micro-mining mechanism such as with the case of lota, but instead of solving these solutions, eth will collectively be moved to a new order, and few are posing questions about why is that. + +I hope Vitalik realizes that there are urgent things that need solutions before we can make the move. +BTC: +Centralized Chinese miner price manipulation & protocol decision making (signalling) + +Negligible ecosystem & ecosystem growth + +Poor leadership & evolution prospects + +Reliance on true ponzi dymanics in open source = a recipe for wide-scale panic sell offs. + +&nbsp; + +Those involved in Ethereum see these issues 1st hand & are solving them, brilliantly. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +A little over a month ago, the reason for the drop was Eos dumping all their ETH. What's the story this time? Do you guys think it is all because of this ETF debacle? +Title should be “we” not “I”. I was tired when I wrote it :) + +My last post got deleted because I should be focusing on "path, challenges or choices I made". So here we go round 2! + +&#x200B; + +I am a son of a immigrant, I was raised on food stamps and parents filled bankruptcy when I was in highschool so there is no windfall here. In college I had a 3.1 GPA, so I am not "smart" by any means, I am just a hard worker and created my own luck. + +We did get "lucky" where we have no college debt. I paid my off in 2014 ($10k) I went to college for free because parents were so poor. Wife's parents paid for her college. + +Out of college I worked for a large 20 accounting firm for 3 years making around 55k-65k. Around then that I got married in NJ (wedding cost no more then $10k) and saved up around $60k with my wife (also making about $10k more then me in salaries) to purchase our first house in 2017 for $410k with a $350k mortgage. We now have 3 kids, a 3 year old and twin 2 year olds. See a chart for our income growth over the year..(these gross rounded before taxes and deductions, H is husband (me) and W is wife) + +Salaries + +2016 - H $65k W $90k + +2017- H $70K W $92k + +2018- H $80K W $94k + +2019- H$85k W $96K + +2020- H$110K W $114K - I got new job + promo, wife got promo (two tax managers :D ) + +2021-H $114K W $118K + H Bonus $18K + W Bonus $10K + +&#x200B; + +Assets + +|Year|Property|401k (H+W)|Other (taxable, HSA, 529's)|Notes| +|:-|:-|:-|:-|:-| +|2017 - January 1|$424k|$78k|$0|| +|2018 - January 1|$405k|$113k|$0|| +|2019 - January 1|$420k|$129k|$17k|Maxed 401k| +|2020 - January 1|$485k|$192k |$23k|Maxed 401k, started vanguard VTSAX| +|2021 - January 1|$490k|$265k|$53k|Maxed 401k | +|Today|$503k|$359k|$78k|| + +Debts + +&#x200B; + +|Year|Mortgage|Car Loans| +|:-|:-|:-| +|2017 - Nov 1|$350k|$12k - Mazda| +|2018 - January 1|$349k|$9.5k - Mazda| +|2019 - January 1|$342k|$0 - Mazda $0 Pilot (purchased pilot and paid cash, twins were born needed bigger car)| +|2020 - January 1|$336k|$0| +|2021 - January 1|$337k (refi)|$0| +|Today|$332k|$0| + + Our net worth will slow down now that we pay $4k a month in daycare... + +&#x200B; + +Things we do that we feel are different.... + +* Monthly CC usually is around $2.5k + * $800 food + * $200 restaurants + * $500 random shopping (clothes, misc items) + * $50 phone + * $50 internet + * $100 gas + * the rest is whatever else happens that months really +* We only have a mortgage as our debt, we pay off Credit Card every month, we made sure we bought a car we could afford and pay off +* We communicate to each other and work as a team + +It's not a big milestone as you can see...this is combined and a lot is property and 401k, but still! Ask my any questions :) +I know they say time in the market beats timing the market, but when it comes to a large lump sump injection I am always worried. With SPY hitting ATH and reverse repo in the U.S going crazy I feel a correction will occur in the next quarter. + +Should I sit on the sidelines for a bit? Maybe drop 100k over the next 3 quarters to stagger things? + +Or does the fact that I do not intend to use this money for the next 20 years means I should just set that limit buy order tomorrow and never think about it again until the Canucks become the 2041 Stanley cup champions? +[https://www.wsj.com/articles/cash-glut-in-eurozone-drives-dollar-demand-11639477801?mod=hp\_lead\_pos7](https://www.wsj.com/articles/cash-glut-in-eurozone-drives-dollar-demand-11639477801?mod=hp_lead_pos7) + +Summary: + +A wave of programs intended to boost loans from European banks has has left Euro banks flush with cash and little opportunity for investment. The situation has driven the same banking institutions to look over seas for places to park cash. + +The process has caused a significant demand for USD as European banks move Euros to Dollars to earn 0.05% in deposits with the Fed. even with a strengthening dollar and paying a premium for euro cross-currency basis swaps, the opportunity continues to look attractive to European banks whom were able to borrow from the ECB at -1.0%. + +Analysts expect this trend to diminish after the first of the year once banks year end balance sheets are set and in anticipation of additional treasury supply following the Feds tapering & increased debt ceiling. + +The relative recent strength of the USD and the potential for slowdowns in Dollar demand from Europe could provide an opportunity to rebalance existing US Equity/Int'l Equity positions that have become out of sync due to dollar strength and the relative equity performance over the past year. +The rate hike is fully priced in, dovish hike is the consensus, anyone shorting the dollar already or are you waiting / planning to go long ? What do you think is going to happen? + +Not sure if I'm even going to try to trade it tomorrow. +Just curious on wether someone would benefit more financially if instead of trading they focused on getting a degree. As both pathways take years which one is more rewarding? +Hope you and your family are safe. I see a lot of noobs asking for strategies so I thought I'd share one myself. + +You can use this on any time frame. I even use it for scalping on the 1 minute. So here we go. + +Draw horizontal support and resistance on your chart. Wait for a break of these levels. After the break, price will set a new high/low. Now wait for price to pullback to the broken level. Now you can look for candlestick patterns to confirm continuation from the broken level (conservative) or just enter when price touches the broken level (aggressive). + +Stop loss goes behind the broken level (hard for price to reach) and take profit just in front of the last high/low that was set after the break (easy for price to reach). + +Only enter when take profit is 2x further away from your entry compared to your stop. If it's not, there's no trade. + +With this 1:2 risk to reward you need to win 33% of your trades to break even. So if you can get an edge that gives you let's say 55% win rate with this strategy, you're making profit. + +Risk 1% of your stack per trade and always practise on demo first. Log all of your trades in a journal. Review your losers to see if you can find stuff you can improve on. + +You can add a momentum indicator or oscilator for confluence if you like. + +Don't overcomplicate. Stay healthy. +When the market closes I like to focus on improving my knowledge about the theory behind trading and finance. I happen to be studying accounting, so I'm catching two birds with one stone since most of this helps with my exams. I usually read some books (I've gone through Naked Forex, and I'm currently reading Trading in the Zone) or watch some movies (Just watched Margin Call, really cool). + +In Margin Call, there is a scene in which an engineer talks about a bridge he once built. This bridge, over the span of two decades, saved drivers a total amount of 1.500 years thanks to the shortcut he provided. He used to work in a trading firm, and the way I interpreted the scene was that he felt useless, as his work in finance didn't really leave a mark on the world compared to his days as an engineer. + +And so a question popped in my mind: are we useful? + +I mean, of course, I'm no trader. I'm a kid playing on a demo account who has no clue about what he is doing. + +However, should I, one day, become a trader, would I be useful to society? Do traders fulfill a social role? Would the world be worse, if traders didn't exist? + +I know our main function is to provide liquidity to businesses and hedge funds. But, that's only if you are losing. If getting better at your profession means you become less and less useful to society, then that can't be what I'm asking. + +Are we the economic police? Are we those who collectively tank the value of a currency, should that country go to war? Are we a deterrent for war? + +Or are we pointless, and selfish? +I have got an offer for a townhouse in south of sydney accepted. But it doesnt feel exciting as it should, as this is my first home. Maybe i have read and watched news too much of late. I have saved up enough for deposit and have got a pre-approval but with this uncertain times, is it better to keep on renting. Just wanted to bounce this with you guys. +Current rent $550 per week.2 bed unit +Townhouse : 3 bed, decent back plus side yard. Around 930K +https://ca.finance.yahoo.com/news/29-members-congress-caught-violating-193508477.html + +Insider has identified numerous members of Congress who've violated the transparency provision of the STOCK Act, which requires timely reporting of their stock...Congress passed the law in 2012 to combat inside trading + +Edit 1: Already solved. An Ape with a super wrinkle brain is already deep into it + +Edit 2:[This beauty is ALIVE - All hail the GME time line](https://gmetimeline.com/) + +[Another project under way already](https://www.reddit.com/r/Superstonk/comments/mkjaxs/update_on_me_contacting_sec_about_the_44m_ftds) + +[Dr T link to local authorities we can notify](https://www.reddit.com/r/Superstonk/comments/n1rgr2/please_read_and_take_action_dr_t_suggested) +If we going to have any chance of succeeding in pressuring any kind of law enforcement, we are going to need to get our Ape shit together. + +Edit 3: [The FUD archive](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) + +Get it all together on an independent website. A time line with links. Catalogue the evidence and make it idiot proof. + +We need something to direct these law enforcement officials and journalists too. + +We are months into obsessing about this. Most people aren't that retarded. It will take them time to learn. + +We need to make it simple. We need to present it in easily manageable sections so they aren't overwhelmed. + +Any Apes good at website design? Can pay for time and skills. +I'm just so happy, and I kinda need to tell someone about this, so here's my story. + +I started working with my current company three years ago (to the day, march 15th 2014). The company is great, work from home, great colleagues, I'm good at what I do, conditions are nice, etc. + +Three years ago, when I had my job interview, during the final process, they asked me what my expected salary would be, and I told them based on what I was able to see from other similar jobs, and past work experience. I told them, and it was approved as soon as I said it. I thought it strange that they would agree so quickly, and kinda wondered if I had just lowballed myself to this salary. + +Then a full year and a half came by, and I got my yearly review. "You're doing great work, clients love you, how do you like it, etc. Listen, I'm gonna give you a 6% raise! Normally I would only give 3% or so to people, but you get double!" I was pretty happy with the raise, but still felt that this was them playing catch-up on my salary to match other people. + +Next year, pretty much the same story. Big raise, lots more than others (or so they way), good job. Still, I'm happy. + +Then, I see on glassdoor that someone posted that a project manager job at my job makes significantly more than I. Like 30% more. That kinda pissed me off. My title is not project manager, but I do manage projects, and clients, and I never really cared about my title. To me, I should make close to that. Then I found a former colleague who had that job, and asked him how much he is paid, and it was pretty much that amount. I was more angry I was making so little in comparison. + +By looking around, I was able to access some contracts for some employees that were not protected, and I realized that I was making less than anybody else in my position (despite being the oldest employee, and also having more responsibilities with clients and projects). I chalked it up to me not having negotiated a good enough salary when I came in, and I had to fix that. + +Talking to my former colleague, he told me that I had to get my ducks in a row, potentially find another job offer to gain leverage, and also realize that since I was not living near the big city (i relocated about three hours away to a smaller city), it could be difficult for me to leverage since I would have trouble finding a satisfactory job offer in a smaller market. + +I took that into consideration and decided to simply go see my boss about this. We have a great relationship, and I could see his reaction and take it from there. So I went, told him I found other people's salaries and how I did it so they could fix that breach, and I plead my case. He took that to HR and the owner of the company (it's a small firm). + +Took them a week, and then he came to me. He said they were a bit pissed I checked the salaries of other people, that I shouldn't have, and I told him yeah, sorry, but not that sorry actually. I kinda stumbled onto them, and I didn't tell anybody about it, but it certainly helped me to leverage. We argued over some details, and I had a feeling I was gonna be offered something small, but then they gave me a 20% increase effective april 1st, with an additional 7% effective august 1st! + +I think I went against most advice here when I went to negotiate my salary (no plan, comparing myself to others, etc.), and I can't say I was happy doing it, but it paid off :) + +Edit: guys, I get it. I'm going to lose my job, then not ever being able to find a new one, on top of going to prison. It's possible, but I say it's unlikely. My boss admitted he felt I was a bit underpaid, in the end it's an upward move to a more project-manager job with a salary increase, and knowing the company, its people, the industry and the value I bring to the company, I wouldn't say I feel at risk of losing my job here. But if I do, I 100% promise I'll tell you. + +To expand a bit on that, the files were on a google drive that I had access to. I'm not sure if everyone had access to it, I didn't check. I was not looking for any of that, but yes I did have a look when I noticed that folder. I was actually looking for my hiring documents, and it just so happened that some others were just about right next to mine, and I had a look. +Gave this response to a skeptic friend of mine. Wonder what you guys think of my description. + +> Well I can't speak for all the ICOs and altcoins. A number of them have dubious value and trying to cash in on the boom. I would say I'm most interested in Ethereum as it provides a more robust programming language behind it to create standardized ownership structures (such as digital game items, which I'm exploring). + +---- + +> There are two main types of cryptos: coins and tokens. + +---- + +> The blockchain coins (BTC, ETH, LTC, ...) have value as long as people value the continued operation of the nodes on the network. The nodes are incentivized to create blocks because they get those coins as a reward. + +> If people collectively stopped wanting the services these nodes provide, and stopped valuing bitcoin, then the nodes would stop running and the network would collapse. But, because the network is distributed across the world, even if one country or group of countries succeeded in banning or severely limiting its population in obtaining these coins or creating nodes, that wouldn't kill the coin because some other group or country would pick up support for them to fill the vacuum. + +> The problem their solving is that they provide uncensorable transactions. Nobody can stop or control the flow of coins in the network (unless they took over 51% of the network which is near impossible, assuming the network is big enough). Nobody can create extra coins in the network that have not been mathematically determined already. Sure someone might try to fork the network for their own chain and try to convince people to value it, but that doesn't affect the main chain at all. + +---- + +> The tokens (REP, OMG, ZRX, ...) are somewhat akin to stock in the company that offered the token, although they often have some type of use in the system that company is creating (similar to how Amazon coins can be used to buy in-game content). Some are most definitely securities, which has attracted the concern of the SEC. Most of these are coded as tokens (see ERC-20) on the Ethereum blockchain (one reason I like ETH). + +> These tokens have more centralized value due to the fact that they have value as long as the company that offered them continues to be around and successful. Although once the Ethereum smart contracts that use these tokens are created, they may live on outside of any influence of the company, depending on how the company decides to structure things. + +> It's definitely overwhelming with all the different tokens out there and there are definitely a lot of scams and tokens with very little value being hyped up by people looking to make quick money. I'd definitely not recommend investing in any until you read the technicals of their proposal and trust the team to follow through on their vision. +What price do you think ETH will peak at in its lifetime? Why? Do you think it still has a lot of room for growth or just incremental increases from here on out? When do you think ETH will reach its ATH? Just curious about how the community views crypto will play out in the future. +I’m just wondering if [Michael C. Bodson, President and Chief Executive Officer of the Depository Trust & Clearing Corporation](https://www.dtcc.com/about/leadership/board/michael-bodson) has any personal aircraft, and what they might be up to lately. Probably just taking some family vacations, I’m sure. +Contract : 0x308fc5cdd559be5cb62b08a26a4699bbef4a888f + +We are a team from Europe that is not afraid to show its face and location to the community. If you missed out the birth of DEFI, can you allow yourself to miss the birth of the first Hedge Fund in DEFI. We will be "Warren Buffett" on blockchain in a short amount of time. + +Launched on 30 Jun 2021 as the first hedge fund on a blockchain. All the investments are voted in blockchain and executed on ERC20 and BEP20, and all the profit is distributed back to the community. + +We already signed the papers to integrate our token with a fiat bridge and will be delivered in few weeks from now. This news will be published in Cointelegraph.com . + +So make your bags before it is to late, this train will stay in station for a short period of time Today we will have a new investment in Ethereum where you can join and take a share of the profit. + +Anti whale mechanism: purchases limited to 1T $DCIP (@3 BNB) per transaction + +Contract signed with fiat bridge - Checked (partnership with IndaCoin) + +Reddit room: [https://www.reddit.com/r/dcip\_finance/](https://www.reddit.com/r/dcip_finance/) + +🌐Website [https://dcip.finance](https://dcip.finance/) + +Applied for exchange - Checked ([Gate io](https://gate.io/)) + +📝 GREAT MARKETING STRATEGY + +💹 MASSIVE GAINS INCOMMING + +🤖 NO BOTS + +AMA link: [https://youtu.be/ovb1tbrSeqw](https://youtu.be/ovb1tbrSeqw) + +📱Telegram Messenger: [https://t.me/DCIPfinance](https://t.me/DCIPfinance) + +📲DApp: [https://app.dcip.finance](https://app.dcip.finance/) + +🔎Lite-Paper: [https://dcip.finance/DCIP-Litepaper.pdf](https://dcip.finance/DCIP-Litepaper.pdf) + +🛡Audit: [https://dcip.finance/Audit\_CTDSEC.pdf](https://dcip.finance/Audit_CTDSEC.pdf) + +📺Explainer (60 Seconds): [https://www.youtube.com/watch?v=Me-GymG1JWs](https://www.youtube.com/watch?v=Me-GymG1JWs) + +💱Pancake swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f) + +📈Bogged: [https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f](https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f) + +🔒LP Lock 10 years ($500k): [https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c](https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c) + +📊Coin market cap: [https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/](https://coinmarketcap.com/currencies/decentralized-community-investment-protocol/) + +🐕TOKENOMICS + +50% Burned from the start (51.71% currently burned) + +44.5% Circulating supply + +3.8% Development and Marketing + +💸Tax 10% + +3% Liquidity + +1% Marketing Wallet + +2% to hedge fund wallet 2% Burned + +2% Redistributed to holders who hold longer than 24 hours + +💸Punish fee 7% if you sell in 24h from purchase💸 + +4% to hedge fund wallet + +1% Burned + +2% redistributed to all holders +Does anyone buy for the intent to do aidbnb? + +I am a real estate agent and have a client interested in properties for it but have never dealt with it before. + +What do you look for? What makes it a good Airbnb property? +Hey guys, + +&#x200B; + +Anyone finding it nearly impossible to find a decent top freezer refrigerator in the midwest? Everything is either out of stock till september or $900+ +rent out my basement suite to a young family and overall they have been pretty good, they have been here for almost a year. They always pay their rent in time and cause no problems. Also, I keep rent pretty low, I charge 30% below the market at least and for the most part have consider myself pretty chill. +As their lease is ending and moving to month to month I decided to do my first inspection. +The house was in ok condition, no big damages, carpets were ok (a few stains here and there). But the problem was the walls were COVERED in scribbles. In 3 out of 4 of the rooms there was something in crayon, marker, drawings, all sorts of scribbles (an armspan long or longer) + +I know it's just cosmetic, but on the inside I was pretty upset. I get that it isn't their house, but it seemed really disregarding and disrespectful to the property. I didn't say much about it other than "try to get those out". And the mom kind of just nodded. My mind says to keep ignore it and proceed as normal, but at the back of my mind it's still bugging me. + +What would some of you do/ have done in this kind of situation? +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +**Ticker:** NGA (SPAC) to become LEV in the next 60 days or so (Q1-21) with approx $500M USD ($640M CAD) cash to invest in growing the business. + +* NGA will merge with private company Lion Electric and trade on NYSE with the ticker LEV. The market cap is expected to be $1.9B *(\*\* at $10 floor price of NGA, today trades at 17.xx so much higher \*\*)* +* NGA will own 20%, 10% will be private placement before deal closes, and the remaining 70% will be from the existing shareholders +* NGA trades at $17.xx USD. It's NAV based on cash injection is $10. Clearly, there is massive interest in this SPAC before it merges in the next 60 days or so. + +**Disclaimer:** Do your own research. This is meant to be for informational/discussion purposes only, and it is very important to do your own homework before making any investment decisions. You can make or lose money. + +**Investor Presentation:** [See here](https://pages.thelionelectric.com/wp-content/uploads/2020/11/Investor-Presentation_20203011.pdf) + +**Context:** LEV fell on my radar during the EV hype largely because of it's Canadian roots. When I invest in high growth/high risk stocks, 3 critical boxes need to be ticked off. + +1. Competent management team with a proven track record +2. Real products with real revenues. Not drawings, not hype, but a proven track record of execution and delivering products that can be experienced **today** +3. High growth/disruptive industry + +**LEV Investor and Management team = I followed the money = SOLID team** + +1. **44% owner of Lion Electric is Power Corporation of Canada (**[**POW.TO**](https://POW.TO)**).** POW is the largest shareholder backing Lion Electric with 44% ownership stake through it's wholly owned subsidiary "Power Sustainable". The Desmarais family (7th richest in Canada) controls POW, and POW has invested in big brands you might recognize like Wealthsimple, Bauer, and Great-West Lifeco. POW's trailing 12 mo revs is about **$50 billion dollars**. Pierre Larochelle (CEO of Power Energy Corporation) will be the chairman of the newly combined firm LEV to ensure Powercorp's investment is a success. See [Nov2020 PR confirming 44% ownership in Lion Electric (proforma 31% after listing on NYSE)](https://www.powercorporation.com/en/news/press-releases/2020/the-lion-electric-company-a-power-corporation-investment-announces-merger-agreement-with-northern-genesis-acquisition-corp-122606/) +2. **Ian Robertson and Chris Jarratt (co-founders of Algonquin Power & Utilities Corp, AQN)** are leaders of NGA and will join the board of LEV post-merger. They are the minds behind the NGA spac who offered to take Lion Electric pubic, leaving LEV with $500M USD cash. They have valuable expertise to steer LEV's strategic initiatives such as "vehicle to grid" to turn these buses into money making machines and reduce cost of operating. +3. **Marc Bedard - CEO/Founder of Lion Electric.** He is sharp individual who was a partner at PWC from 1996-2003. Having worked at these firms in the past, I know Partners are a special breed. They have great charisma, business development skills, and a strong sense of business acumen. Since then he held senior exec positions before starting Lion Electric in 2008. The fact he pivoted from being a Partner at Big 4 into founding Lion Electric in 2008 blows my mind. 2008 was a different time and EV was no where near the adoption rate of today. It takes passion to make the switch from a high paying leadership role to running your own company. 12 years have passed, and now it is showtime for Marc. [LinkedIn](https://www.linkedin.com/in/marc-b%C3%A9dard-42a18622/) + +**Product Offering = Revenue generating products with proven technology to established clients across North America (Amazon, CN Railway, School boards across Canada/USA).** + +[Slide from Investor Prez](https://preview.redd.it/w0wdf5l5m8861.png?width=1338&format=png&auto=webp&s=c7dae48ce8d47bb2c2c4c74b30f44436b54f5324) + +I put some videos and links to press releases that I found from a variety of customers who are using LEV products today. + +*Electric School Buses, videos taken at customer locations (cold climates/warm climates)* + +[Twin Rivers -California Energy Commission video (all LION buses)](https://www.youtube.com/watch?v=pivZ09_J5Hc&feature=emb_title) + +[Twin Rivers - PBS video (if you're from Quebec and took the metro, you're in for a surprise)](https://www.youtube.com/watch?v=Tj1yPvK9yaQ) + +[Oxford Michigan](https://www.youtube.com/watch?v=iHutaq1lGmA) + +[Zeeland Michigan](https://www.youtube.com/watch?v=ogdx_CUgYNA) + +[Transdev Canada](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/) (reveals $166k avg price per school bus, likely a bulk purchase price deal) + +*Electric Trucks* + +[Lion Electric to Deliver 10 All-Electric Trucks to Amazon](https://www.newswire.ca/news-releases/lion-electric-to-deliver-10-all-electric-trucks-to-amazon-815786731.html) + +* Truck is for middle mile delivery (ie between warehouse to warehouse) + +[Lion Electric receives largest order to date 50 trucks to CN Railway](https://www.cn.ca/en/news/2020/08/the-lion-electric-co-receives-largest-order-to-date/) + +[CN Video Press Conference $20M deal / 50 trucks = $400k a pop](https://www.youtube.com/watch?v=15U4DjRLkqA&t=14s) + +* Truck is being pilot tested across Canada and it is an MOU for upto 50 units + +**High growth/disruptive industry = President Elect Joe Biden's stance on Electrifying school buses** + +President Elect Joe Biden is carrying the torch in the fight against climate change. + +[President Elect Joe Biden’s Build Back Better plan for creating a more resilient, sustainable economy proposes making all American-made buses zero-emission by 2030, starting with the school bus fleet, which would convert within five years.](https://www.electrichybridvehicletechnology.com/opinion/how-the-us-plans-to-turn-all-its-iconic-school-buses-electric.html) + +&#x200B; + +[ https:\/\/joebiden.com\/clean-energy\/ ](https://preview.redd.it/s9af9r8cr8861.png?width=1056&format=png&auto=webp&s=eb09a220635bdf5224758a2bb3d78d9520b40c3e) + +His nominee for the secretary of transportation, Pete Buttigieg has called for electrification of school buses in his own presidential campaign (jan2020). + +**Opportunities** + +*Strong backing and recognition from the business world and the Canadian government.* + +Here is a video from Prime Minister Justin Trudeau touring the facility. [Justin Trudeau](https://www.youtube.com/watch?v=-1BLFPYegKY) Touring Lion Electric facility. + +&#x200B; + +[Justin Trudeau Visit](https://preview.redd.it/1m2p77opn8861.png?width=1014&format=png&auto=webp&s=b71191ddee0e4a187a7729dd80e85aed65275080) + +*Over and above the current offering of 7 vehicles, there are 8 additional product releases in 2021 (4) /2022 (4). Competitors have beautiful renderings and great investor pitches but no real products!* + +&#x200B; + +[Competition non existent today in many segments. There is a first mover advantage in securing orders by having the proven technology and providing real world feedback on operating costs for customers. Logos placement reflects the expected production date for the company.](https://preview.redd.it/y09p887qo8861.png?width=1342&format=png&auto=webp&s=da5273d64dded51bd238c9609c6eef51e1cda1c5) + +*Vehicle to grid "V2G" capabilities have been developed and can be deployed with the electric fleet.* This lowers the operating cost of the vehicles by allowing the buses to sell unused electric power back into the grid during peak hours. + +[More details here](https://www.newswire.ca/news-releases/lion-electric-announces-successful-electric-school-bus-vehicle-to-grid-deployment-with-con-edison-in-new-york-869214579.html) + +[Youtube source here](https://www.youtube.com/watch?v=wAiFLP43_rA&feature=emb_title) + +**2500 annual capacity, a multi-year PA for 2500 trucks signed - Who is the BIG WHALE CIRCLING?** + +[Buried in the investor presentation, 1 confidential customer has acquired the rights to purchase 2500 Lion6 and Lion8 trucks and upto 20&#37; ownership in Lion Electric](https://preview.redd.it/a1xz3pdlr8861.png?width=1354&format=png&auto=webp&s=7b0a45849288afe60feb40b7d3f582f6942860b0) + +It is not known who would have $1.1B in purchasing power to demand equity warrants to further take an ownership stake. A lot of twitter accounts speculate Amazon. + +* Amazon only ordered 10 Lion6 trucks. +* They are also known to invest in their EV suppliers like start-up Rivian. Amazon is ordering 100,000 last mile delivery vans from Rivian and also invested $0.7B into the company itself to make sure they get those orders. +* The major reason to go public was to raise the funds to satisfy the customer's demands that the products be made in the USA. If it was Amazon, my feeling is they would have invested the money to get Lion into the USA and secure favorable pricing (similar to Rivian)... All speculation! + +*Financial Forecast calls for $100M EBITDA by 2022 and positive FCF $334M by 2024.* + +* Go to page 31 of investor presentation for details. +* $500M covers all major CAPEX and business initiatives in USA. Good, no further dilution expected. + * $130M set aside for US manufacturing facility = mission critical imho to strengthen US sales + * $125M to develop highly automated facility will help drive down costs to improve profitability = mission critical + * $195M for battery development and R&D ($45M battery modules + $150M R&D) = important to note that R&D credits can be obtained for this type of work in Canada + * $50M for general corporate purposes = 10% of funds used for corporate purposes is reasonable given the high growth environment they are going to be in for next 36 months. + +[$500M Spending allocation](https://preview.redd.it/sz9qbdlp39861.png?width=1380&format=png&auto=webp&s=fa7165b50c3581d8db84c5cbbe5fd1b5a86a4ce1) + +&#x200B; + +**RISKS** + +*More competitors lurking in the dark* + +The investor presentation makes no mention of Proterra. Another EV that is deep into the BUS game. Although the class of buses they build is a lot larger, they are an interesting competitor. I am sure this is only the beginning and there will be more competitors racing into the sphere as the government pumps more dollars and subsidies for the end consumer. + +*Politics* + +Now that President Elect Joe Biden is going to take the reigns of the USA, it is very possible that everything will go back to business as usual. + +Climate change? What Climate change? Without a convincing majority in the house and senate, the democrats cannot make major moves to accelerate EV funding/financing for schools and districts around the USA. **There is a real risk that both houses are in stalemate and nothing ever gets done to advance the "electrification" of the USA.** + +Then again, anyone going against the "electrification" of school buses can easily be vilified for being against "clean air" initiatives for the children taken the cancer bus to school (that's what I call them given that I am now pro ev lol). I do however agree that major spend in EV technology and infrastructure across the USA will create plenty of jobs/innovation/opportunities for EV firms to prosper. A good example of positive EV policy is what is happening in Quebec, Canada. + +[Electrify 65% of all buses by 2030 in Quebec](https://www.newswire.ca/news-releases/plan-pour-une-economie-verte-lion-electric-responds-to-the-need-to-electrify-quebec-853500253.html) + +*The payback period is long* + +&#x200B; + +[Total Cost of ownership is lower than diesel across the board](https://preview.redd.it/gi425lsd99861.png?width=1388&format=png&auto=webp&s=5af6f77dd90ad49961a360210fb74f91ca53dd37) + +Although the total cost of ownership is favorable compared to diesel vehicles, it will take innovative and charismatic individuals to make the pitch to decision makers to adopt Lion Electric school buses. Staying with the status quo and setting aside contingency funds for emergency repairs is so much easier than BOLDLY stating to upper management that now is the time to buy electric school buses. To make that conversation easier, there needs to be important grants and subsidies to fund the upfront costs. See point 1 = politics. + +The good thing is that overtime, the payback period is expected to reduce SUBSTANTIALLY, paving the way to make it a really an easy decision to buy electric. + +*The Merger deal with NGA and Lion can still fall through. Anything can happen between now and the closing date which means NGA can tumble down to $10 NAV price if both parties agree to walk away amicably.* + +**Conclusion** + +I own about 700 shares of NGA and I wanted to jot down all my thoughts about why it is a compelling investment opportunity for me. + +The products are real with 6 million miles combined (1 million in 2017), real customers are buying it, the company is generating real revenues, and they are backed by one of Canada's wealthiest families through Power Corporation of Canada! + +Other materials: + +[Merger Link](https://pages.thelionelectric.com/lev/) + +[Factory Tour!](https://www.youtube.com/watch?v=rsOuM1G2yho) + +[TDAmeritrade Interview - same stuff but you get to see Marc perform in English (2nd language for him)](https://www.youtube.com/watch?v=IODRAlMJ3Oo) +Just read Chapter 8 of The Intelligent Investor which briefly talks about the distinction between "market timing" and "pricing," and it was a bit of a holy shit moment. + + +Graham describes market timing as essentially buying stocks because you think the market is on its way up, and pricing as buying stocks because you think they are undervalued based on your own assessment of what they're actually worth, without any theory of what the market is going to do in the short term. + + +They're both two sides of the same coin obviously - in both cases you're basically betting on a stock because you think it's going to go up, but the difference between the two is crucial. + + +When you're timing the market you worry about what other people think about the stock. You create all sorts of narratives about why the market is down and why it's going to go up. If someone is trying to time the market and a stock goes down 30% after they buy it, they think, "holy shit I made a mistake," potentially sell, and all sorts of bad things happen. Graham equates market timing to speculation, with the results of market timers being the same as most speculators (i.e. not good). + + +When someone is pricing, they don't worry too much about *why* the market is pricing a stock where it is. They just accept that the market can be irrational and misprice stocks sometimes, and for whatever reason this is one of those times. They also don't care about short term market fluctuations - they don't buy a stock because they think it's going to go up in any specific time frame, just because they think it's undervalued now, and they know that *in the long term* the market should bring the stock to its true value. If a stock goes down 30% after they buy it they don't panic, and if anything look at it as an opportunity to buy more. As long as you've got time to wait, Graham believes pricing is the fundamentally better approach. + +The core thing about this distinction in my view is that to be successful pricing you not only have to actually be right in your analysis of the true value of a stock, *you also need have the conviction to stick by your belief that your value of the stock is right and the market's is wrong, even for long periods and in the face of huge potential losses.* Having this conviction is not a question of your brain's computing power, but your temperament/emotional control, almost like the difference between intelligence and wisdom. + +When reading the above, I think we all like to think we're pricers, not market timers. In practice, though, human nature being what it is, we're probably a lot closer to market timers than we'd like to admit. Pricing sounds easy on paper, but it's one of those things that's a lot harder to do in practice. A lot of people who have the brainpower to price a stock don't have the conviction/temperament to stick by their call in the face of market swings. The boom and bust history of the stock market for the past 150 years is proof that most people can't or don't do it. + +In any event, I have no actual point to this post, I just thought it was a really good insight. Go read his book! +With 2 year rates hitting 4% I'm pretty tempted to just chuck some cash in one of these + +I've never invested when rates were higher than 3%. Could they go higher? +So I'm oscillating between signing up with a roboadvisor or just doing the ETF thing on my own. + +If I go on my own, I'm thinking of buying a bunch of shares in only one ETF - XEQT - and putting a fairly large chunk of change in it to start, and add monthly. My risk tolerance is high. I plan to hold this for decades. So I have no intention to buy bond ETFs until much later. + +Is this normal or dumb to buy just one ETF? This one looks perfect - it's an all equity fund with a good all around balance of equities. Is it really that easy, or do I need to do some more research and buy a few separate equity ETFs? Is there a downside to having just one ETF for long term investing? + +It just seems so damn easy - one ETF makes it so simple to add money every month. Only one type of share to buy keep commission costs down. I just wonder if I'm missing something.... + +Edit: thanks for all the responses! It's a little overwhelming contemplating picking from the huge choice the right ETFs in the right balance, so it's good to know just buying one and forgetting about it isn't a dumb play! +I bought 300 shares this morning at 26.35 and it's already 26.36. +When I become a millionaire, you'll all invited to my party!!! + +On a serious note, I'm trying to get more into the ETF space. Any other ETF's recommended for mid to long growth? +There exists a list maintained globally by the Financial Stability Board (FSB). The FSB was established after the G20 London summit in 2009 as a way to ensure stability of the global financial markets. + +Financial Stability Board: [Financial Stability Board - Wikipedia](https://en.wikipedia.org/wiki/Financial_Stability_Board) + +Every year, the FSB (no not the Russian spy) publishes a list known as the G-SIB, or the "[Global Systematically Important Banks](https://en.wikipedia.org/wiki/List_of_systemically_important_banks)". These banks are deemed so big and critical to the global financial infrastructure that their collapse could put the entire global economy at risk. + +This, my friends, in my opinion, is as safe a long-term dividend portfolio as you can get after Treasuries. + +In 2020, G-SIBs are made of the following banks: + +* Citigroup +* HSBC +* JP Morgan Chase +* Bank of America +* Bank of China +* Barclays +* BNP Paribas +* China Construction Bank +* Deutsche Bank +* Industrial and Commercial Bank of China +* Mitsubishi UFJ FG +* Agricultural Bank of China +* Bank of New York Mellon +* Credit Suisse +* Goldman Sachs +* Groupe BPCE +* Groupe Crédit Agricole +* ING Bank +* Mizuho FG +* Morgan Stanley +* Royal Bank of Canada +* Santander +* Société Générale +* Standard Chartered +* State Street +* Sumitomo Mitsui FG +* Toronto Dominion +* UBS +* UniCredit +* Wells Fargo + +With that, you now have a properly documented definition of "too big to fail". + +Each country, also maintains its own list of SIBs. These are called D-SIBs, or Dometic SIBs. For Canada, SIBs are the usual suspects you know who. + +Park some in one of these bad boys and forget it. Continue eating dividends for the rest of your life. + +*Disclaimer:"Might be right, might be wrong, might be ramblings of a madman."* +My partner and I are pretty successful financially. Her two sisters, not so much. They’re responsible and hard working, and chose fairly altruistic career paths. We would like to give them $50,000 each to give them a nest egg for their futures, but we’re not sure about the best way to go about it. + +My first question is, can we gift them this money without them having to pay tax? Technically the money is under my name and not my partner’s, so I don’t know if this makes a difference because they’re not my family members. (Everything I’ve read says gifts are tax free so it doesn’t matter, I just want to be sure.) + +My second question is, what’s the best way to give them this money? We have no intention of trying to control what they do with it, they can invest it or save it or buy the worlds biggest My Little Pony collection, but we’d like to provide them an easy path towards investing it if they choose. How can we open some kind of investment account in each of their names, or would we need to transfer them the money and then walk them through the process of opening their own investment accounts? Or is there a better way that we haven’t considered? Their ages are late 20s to early 30s and both work full time, if it matters. +It's been overshadowed by the split announcement for sure. On the surface it looks like it is more just a side note for the reasoning behind the expansion of authorized shares. + +But do you know what else is defined and controlled by the employee incentive plan? + +RETIREMENT ACCOUNT MANAGEMENT + +We've been begging and screaming to get direct Computershare management of IRAs... Doing that requires a change to the employee incentive plan. Now here we are being told that there's a change coming to the employee incentive plan and nobody is freaking out about this? + +We won't know until we know, but there's no need to increase authorization just to pay stock options, they've already got 10m shares reserved for ESOs right now +Similar to when [Charlie Shrem stepped down](http://www.wsj.com/articles/SB10001424052702303553204579348830111511974) from the Bitcoin Foundation shortly after his arrest, in order to distance the negativity surrounding his case from bitcoin in general. + +Albeit, the circumstances are different but the principle is the same. Charlie put bitcoin ahead of himself; perhaps it is time for Theymos to do the same. + +*edit: Just to clarify, this post is not intended to be an attack on Theymos. From what I've read, Theymos appears to be an intelligent young man with good intentions. That said, he has single-handedly divided the bitcoin community by censoring relevant technical and philosophical discussions on the forums he controls. Mike Hern put it best: “Bitcoin has gone from being a transparent and open community to one that is dominated by rampant censorship and attacks on bitcoiners by other bitcoiners.” +Didn't know where else to turn to so I'm hoping people here can give me some good advice. + +I fell for an employment offer scam on LinkedIn. I applied to any and all Software Engineer positions and a fake representative from one of the postings I applied to (Appnovation Technologies) contacted me and offered me an email interview. Long story short, I was told I passed the interview, was offered the job, signed the offer letter from their fake HR, and sent the letter back along with a scanned copy of my driver's license and passport. + +This went on a second time from another company job posting I also applied to (this time Bechtel Corporation). It was only after I saw that the entire interview process was exactly the same as the first one that I realized something was wrong. + +So now there are scumbags out there that have my personal information. My question is, what is the worst that can happen to me with my driver's license and passport falling into the hands of scammers? What sorts of actions can I do to safeguard my identity and all accounts associated with me? + + I have called my bank and had them cancel and issue new cards for my accounts, and have also frozen my credit with the three major credit bureaus. Other than that, I'm not sure what else I can do. I've tried getting a new driver's license number issued but the DMV said they only do that after fraud has already taken place. I'm going to try calling a rep at the department of state tomorrow to try to get a new passport number issued as well. + +Edit: Whoa, I wasn't expecting to get this many likes and comments, thank you guys for commenting helpful advice. + +Ok, so a few things I wanted to add. + +1. I called my local police department yesterday, they said I can file an incident report and submit copies of the emails as supporting documentation, but that essentially it isn't yet a crime until I have lost money or have otherwise been the victim of fraud. Basically what I got out of that likely nothing is looked into yet until after a crime against me has already taken place. + +2. Likewise, the CA DMV and the DOS seem to indicate that I can't/shouldn't replace my license/passport if the information has been compromised. The CA DMV stated yesterday that I can only be assigned a new DL number after I bring proof from the police that I've been the victim of fraud, or in other words, until after I've already experienced a monetary loss or my information has been used for fraudulent purposes. The DOS site states "We do not recommend reporting your U.S. passport lost or stolen if your passport number was compromised. You should only report your U.S. passport lost or stolen if the original, physical version of the passport book or passport card has been lost or stolen. Once you report a U.S. passport lost or stolen, it is invalid and cannot be used for international travel." + +https://travel.state.gov/content/travel/en/passports/have-passport/lost-stolen.html + +I mainly want to invalidate that passport and stop any fraud from taking place using the information on that passport, I'm not sure whether or not reporting it as stolen will accomplish that, or if it's just meant to keep other people from using it to travel. + +3. Very good points were made about looking into ChexSystems and also keeping a lookout for other forms of fraud they can do with my information, that was the sort of information I had not considered and that I will now keep an eye out for. + +4. If you guys have any further helpful list of things to look out for when job searching online during a pandemic, please comment them below. These are uncharted times we're living in where many things have gone remote and people aren't able to take interviews on-site like they used to. For first-time job seekers like myself, it's good to know these sorts of things so that we're better able to spot these and other types of scams in the future. + +Edit 2: For those wondering, here are the posts that alerted me to these scams: + +https://www.bechtel.com/campaign-pages/alert-hoax-fraudulent-job-offers/ + +https://www.linkedin.com/posts/appnovation_job-scam-alert-we-value-talented-individuals-activity-6686023437976186880-mNOw + +At the time, I was under the impression that linkedin was a professional platform where all companies and jobs had been vetted. I have since learned this is not the case and what sorts of things to look out for when job searching. It's probably a better idea not to apply out of these aggregate job boards since there's so much garbage on them (MLMs, consultancy agencies, employment fraud scams). If anything, it's better to use them for job alerts and then go apply directly on the real company's website. +&#x200B; + +[Hey GG,](https://preview.redd.it/qs19mc7w2lk71.png?width=1420&format=png&auto=webp&s=1eaad9eb1ca8c047492c940c49b6247b7bd67db8) + +If Naked Short Selling is not **necessarily** illegal + +and abusive Naked Short Selling is only **generally** prohibited + +Then I fucking dare you to go on network television tomorrow and say so + +&#x200B; + +If the above is true than **how can the price of any security be trusted?** +They are buying from a company that describes itself as being "The Next Great Acreage Community in Texas." They plan on buying 2 acres for 130k and just sitting on it in order to fight against the incoming recession. They will get 40k out of my father's retirement to fund this since they believe the money will disappear in said recession. I am Worried they are taking a 6% apr loan and then be screwed over by some people profiting off of their stupidity. They dont plan on actually building a house on it... + +What are their chances that the land is worthless in the future? How safe is their investment? + +UPDATE. + +Hey guys! + +Thank you for all of the comments. I read every one and will show my parents this thread. Indeed some of you guys already guessed who the company is. + +I ended up calling the broker agent and asked about canceling. He refused to tell me how to cancel the contract and asked for reasons. I kept telling him it was not a good investment but he refused to tell me what I politely asked. He eventually said the deal went through and there would be fees. I said thank you and that I would call later. I then hung up. + +The real estate broker then called my father's friend who also invested with him (he was the one who suggested my father go in with him) and a bunch of stuff went down to what became a game of telephone. Apparently the real estate broker thought that I was my father, but that shouldn't matter since I simply requested information. + +I saw that in the contract there was a cancellation clause of letting people know within 7 days. I hope to God that there is no fee. + +I think my family is on board, but my father's friend is mad at me. Even after all my explanations, they still think that the real estate broker that lied to them is their friend. I am going to fight to protect my family ( as cheesy as that sounds) and I'm extremely mad at the broker for taking advantage of them. + +I just pray that there are no fees for canceling the contract within 2 days. I also learned to call my parents more often and ask for updates. If I was in a bad son this wouldn't have happened... +Guten Morgen to this global band of Apes! 👋🦍 + +The intensity of FUD is rising dramatically, which jacks my tits nearly as dramatically. +On the heels of incredibly dry volume and generally stagnant price changes, FTX suddenly imploded out of nowhere. +There were *many* institutions that were impacted directly by that event, but likely even more that aren't yet known. +On the heels of that event, nearly every major crypto exchange is in a desperate bid for survival. +This, of course, is against the backdrop of continued high inflation, rising interest rates, and concern that the worst of the downturn is still ahead. +We are going to start to see the institutions failing. + +Just as suddenly, the media cannot stop talking about Carl Icahn shorting GME at the peak of the Sneeze while maintaining silence on RC's weekend interview. +The GameStop iOS wallet is off to an incredible start, putting users in control of their digital assets in their own wallet. +GameStop's digital transition is off to an amazing start at a time when the crypto industry titans are falling. +I could not be more excited to HODL GME than right now. + +The US markets will be closed tomorrow, but German exchanges will be open. +I will be updating for the full German market session. + +Today is Wednesday, November 23rd, 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: **$25.96 / 25,27 €** *(volume: 1039)* +- 🟩 115 minutes in: $25.94 / 25,25 € *(volume: 1039)* +- ⬜ 110 minutes in: $25.94 / 25,25 € *(volume: 1036)* +- 🟩 105 minutes in: $25.94 / 25,25 € *(volume: 1036)* +- ⬜ 100 minutes in: $25.93 / 25,24 € *(volume: 756)* +- 🟥 95 minutes in: $25.93 / 25,24 € *(volume: 756)* +- 🟩 90 minutes in: $26.05 / 25,36 € *(volume: 756)* +- ⬜ 85 minutes in: $26.05 / 25,36 € *(volume: 668)* +- ⬜ 80 minutes in: $26.05 / 25,36 € *(volume: 264)* +- 🟩 75 minutes in: $26.05 / 25,36 € *(volume: 264)* +- 🟩 70 minutes in: $26.05 / 25,36 € *(volume: 264)* +- 🟥 65 minutes in: $25.87 / 25,18 € *(volume: 264)* +- ⬜ 60 minutes in: $25.97 / 25,27 € *(volume: 264)* +- ⬜ 55 minutes in: $25.97 / 25,27 € *(volume: 229)* +- 🟥 50 minutes in: $25.97 / 25,27 € *(volume: 227)* +- 🟩 45 minutes in: $25.97 / 25,28 € *(volume: 227)* +- 🟩 40 minutes in: $25.97 / 25,28 € *(volume: 227)* +- 🟩 35 minutes in: $25.97 / 25,27 € *(volume: 154)* +- 🟩 30 minutes in: $25.96 / 25,27 € *(volume: 105)* +- 🟩 25 minutes in: $25.94 / 25,25 € *(volume: 92)* +- 🟥 20 minutes in: $25.94 / 25,24 € *(volume: 92)* +- 🟥 15 minutes in: $25.94 / 25,25 € *(volume: 92)* +- ⬜ 10 minutes in: $25.96 / 25,27 € *(volume: 91)* +- 🟥 5 minutes in: $25.96 / 25,27 € *(volume: 91)* +- 🟥 0 minutes in: $25.96 / 25,27 € *(volume: 21)* +- 🟩 US close price: $26.30 / 25,60 € *($26.15 / 25,45 € 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 1.0274. 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 just received a letter of inquiry in the mail from my "state treasury department" saying a state tax return has been filed under my name and address (it has) and this tax return and/or homestead property tax credit (don't think I received that one) has been selected for review, and it says I have to confirm my identity by either going to the government website or by sending in copies of my driver's license, W-2s, 1099s, etc in order to help protect taxpayers and the state from identity theft. + +Seems legit to me I think but - thoughts? I was wondering why it was taking so long for me to receive my state return so it makes sense now I guess + +Edit: thanks everybody! I am going to call the number on the state website (NOT the one from the letter) when they open on Monday. +Fellow US Apes, + +&#x200B; + +After 4 months of my investment in GameStop, I suffered and aged a lot but learned important lessons and discovered a new family. I love you all Apes and we will win this fight together! + +&#x200B; + +However, + +I'm convinced now that the **American Stock Market is a disgrace** and the entities that were supposed to regulate it, let Hedge Funds steal from the American people and destroy thousands of innovative companies yearly. + +&#x200B; + +[Wall Street Hedge Funds](https://preview.redd.it/k4vuen6ivjw61.png?width=3243&format=png&auto=webp&s=1c2395501df32feae66d61eea010d2321092321a) + +&#x200B; + +**These Vulture Funds:** + +* Can create shares out of the thin air and sell them (Naked Short); +* They can easily manipulate the price of the stocks: + * Using the payment for order flow; + * Use dark pools to execute buy and sell orders ; + * They own the financial news media (Marketwatch, Motley fool, others...); +* And SEC employees are paid to do nothing. I have never seen so much incompetence and lack of shame in a governmental institution; +* NYSE is worthless and silent. + +&#x200B; + +&#x200B; + +[RC, DFV & All Apes](https://preview.redd.it/s4asj4g8wjw61.png?width=1000&format=png&auto=webp&s=b88b92995f4ebb7a8a9020f4affb1472c8ee4075) + +&#x200B; + +**GameStop** was saved by Ryan Cohen, Roaring Kitty and millions of apes around the world that invested their money in the company + +&#x200B; + +I am prepared for a long fight and will keep buying GME Stock every month with my salary until the shorts go down + +&#x200B; + +For me, my shares of GameStop are worth much more than money now. + +&#x200B; + +&#x200B; + +>COME AND GET MY GME SHARES SHORTYS. + +&#x200B; + +&#x200B; + +&#x200B; +[Me tomorrow!](https://preview.redd.it/3c8k3rrtxjw61.png?width=480&format=png&auto=webp&s=058c12d29b02e03f187409b7c1c659cbac2f8d60) + +Europoors are with you. + +Love you all Fellow Apes! +Throwaway account. Like the title said.. + +Im 24 Masters student, my grandmother passed away a month ago and left all of her money to me (roughly £80000). I live in the UK but became estranged with my parents because I came out as gay during my undergrad (family originally from India). My dad called me two weeks ago now to tell me the news. Im confused/sad/angry because I cant go to her funeral but I also dont know what to do with the money. I dont have any debt because I got a scholarship to go to uni and have a part time job to support myself (IT support). + +I have been following the flowchart here since I found out about it two years ago and have £3500 emergency savings. But now I am really confused. Its a lot of money and I didnt earn it. I dont know what to do. +I’ll be bidding farewell to the grind in a year and my (new) boss doesn’t know it. They want to have a discussion about my aspirations and future roles I’d be interested in…if I weren’t going to be exiting next year this would be the right time to talk about the next move. + +I’m not ready to show my cards and am really hoping to have my team in a great spot (after lots of turnover this year) a year from now when I make my exit. It’s a weird spot to be in for someone who’s always been on the high potential fast track, often clamoring for the next thing. + +I was planning to give about 3 months notice, now feels too early. + +I don’t want to get pulled into something I’d have to bail on, nor do I want them to waste their time trying to factor me into succession plans, so trying to figure out the best way to stave it off. + +Thanks for your suggestions- +already down 7%. LOL, tommorow is gonna be a blast. don't catch any falling knives. + +oh yeah, paypal, already down nearly 85% reports tommorow. The slightest miss and we're gonna have fun tommorow. + +Google's parent company Alphabet ([GOOG](https://finance.yahoo.com/quote/GOOG?p=GOOG&.tsrc=fin-srch), [GOOGL](https://finance.yahoo.com/quote/GOOGL)) reported first-quarter sales that were roughly in-line with estimates, with the tech giant showing resilience in its key search advertising and cloud businesses. However, earnings came in lower-than-expected as costs mounted, and growth in the tech behemoth's YouTube business slowed sharply compared to last year. + +Shares of Alphabet dropped more than 4.5% in late trading following the results. + +Here were the main metrics from Alphabet's report Tuesday afternoon, compared to consensus estimates compiled by Bloomberg: +* **Bed Bath & Beyond reported a 28% drop in quarterly sales and a wider-than-projected loss.** +* **The results came from the three-month period before the struggling retailer unveiled an aggressive turnaround plan.** +* **In late August, the company said it would change its merchandise strategy, close 150 stores, and lay off some employees, as it also secured a new loan ahead of the holiday season.** + +**Bed Bath & Beyond** on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. Here’s how the retailer did in the three-month period ended Aug. 27 compared with what analysts were anticipating, based on Refinitiv data: + +* **Loss per share: $3.22 adjusted vs. $1.85 expected** +* **Revenue: $1.44 billion vs. $1.47 billion expected** + +The company’s net loss **widened significantly to $366 million, or $4.59 per share, from $73 million, or 72 cents per share, a year earlier. Its net sales dropped from $1.99 billion in the year-ago period.** + +Interim CEO Sue Gove said in a news release Thursday that the company’s quarterly results do not reflect the progress it has made in recent weeks. For instance, she said the company is fixing inventory problems by speeding up markdowns of some merchandise. She said Bed Bath is “confident that our current liquidity will enable the necessary changes we are implementing. + +”**Gove said the company’s loyalty program, Welcome Rewards, has grown by more than 1.3 million since the end of August, bringing it to a total of 6.4 million members since it launched this summer.** She said it is lowering costs by about $250 million for the second half of the fiscal year, as it works to ramp up sales. + +source: [https://www.cnbc.com/2022/09/29/bed-bath-beyond-bbby-q2-2022-earnings.html](https://www.cnbc.com/2022/09/29/bed-bath-beyond-bbby-q2-2022-earnings.html) +Guys, + +wanted to get your thoughts on something. We are in the process of buying a new home ($1.5-2M range). The cost and yearly expenses are well south of the accepted debt coverage and I don't think we will have any issues getting a mortgage (talking to Schwab right now as our brokerage account is with them). We should also clear around $1M from the sale of our current home. + +What I am trying to better understand is the pro's/con's of going with a margin loan vs a mortgage. For simplicity lets assume we buy a $2M house. + +Option 1 - pay 20% down (400k), put the 600k remaining from the sale of the house in the brokerage account and take a 15yr fixed mortgage (\~2.6%) + +Option 2 - Buy the house for all cash using a margin loan and put the $1M in the brokerage. The brokerage account (\~6.5M) is big enough for a $2M margin loan + +Based on our current economics, I could probably pay off the margin loan in 3 years or so without selling any investments, We put in about $600k a year in the brokerage and I would use that to pay off the margin - or just hold off on the margin and keep on investing in the brokerage account (depending on market etc) + +The benefit I see to a margin is that there are no closing fees, hassles etc. And by buying cash I can probably negotiate the house price down. It also does not have any pre-payment charges . But I also realize that it is risky and if the market turns I will need to make adjustments - but unless there is a major correction, the account should be healthy enough to secure the margin + +Benefit to a mortgage. Some tax advantages (have to figure out how much), locked in rate. Less risky if the market turns. + +I am just getting started in understanding all these factors. Figured you guys would have some thoughts that could help me in my thinking + +Thanks + +&#x200B; + +EDIT - thanks for all the feedback. In the end we decided against the margin and got a no points mortgage with Schwab/Rocket at \~2.3APR for a 10yr arm. We did set up a margin account and am planning on using that for the downpayment if needed. +I’m a big believer in the “not your keys not your coins” mantra that is popular in this sub. I store almost all my crypto on a hardware wallet, and only keep a small amount on reputable exchanges. + +That being said, I recently had a conversation with a friend that began to change my perspective on the matter. Essentially, his argument boils down to the following points: + +The technical details of who “owns” the coins doesn’t matter as much as some people would lead you to believe. The large majority of people just want to earn money from crypto, and at the end of the day most should store them in the place where they are least likely to lose their funds. (Obviously there are exceptions to this rule, for instance if you use participate in DeFi, need your private keys to stake, etc, or actively use your crypto for purchases). You can feel superior by having your own hardware wallet, but if you were told that you were 1.5x more likely to lose your funds, would you still use one? + +Now that 1.5x number is completely made up as it’s hard to quantify the exact relative risk, but you hear far more stories of people having their keys stolen or lost than of reputable exchanges being hacked (keyword being \*reputable\*, don’t store anything on shady/small exchanges). Do I trust myself more than a $100B tech company who’s business is dependent on not getting hacked? + +Furthermore, if you lose your own keys, you’re 100% screwed. If Coinbase got hacked, they have some insurance and would likely try and refund their customers (perhaps in USD), or else they would surely go out of business. And I know some exchanges wouldn’t do this, but the major players have insurance, billions of assets under management, and deep pockets from funding as well. + +Honestly, I think it was a good argument that made me start to rethink how I store my crypto. I’ll still use a hardware wallet for likely the majority of my crypto, but will consider splitting up my funds more evenly. + +I fully expect this to be an unpopular opinion on this sub, but I do think the issue isn’t completely black and white. At the very least, storing some crypto on a major legit exchange is a way to hedge against my own stupidity. +*By* [*Liz Hoffman*](https://www.wsj.com/news/author/liz-hoffman) Follow *and* [*Melissa Korn*](https://www.wsj.com/news/author/melissa-korn) Follow + +March 19, 2022 10:00 am ET + +> +> +>A federal criminal investigation into short sellers has spawned a behind-the-scenes feud between a law professor whose research is helping to guide prosecutors and one of the most prominent investors in their sights.Carson Block, known for public broadsides against companies he suspects of fraud, has been waging a campaign to discredit Joshua Mitts, a Columbia University law professor who has been aiding the U.S. Justice Department in its investigation into whether short sellers use illegal trading tactics to drive stock prices down.Prosecutors have subpoenaed trading records and electronic communications of several hedge funds, and FBI agents seized Mr. Block’s phone in October, The Wall Street Journal has reported.Since then, Mr. Block, the founder of Muddy Waters LLC, has publicly accused Mr. Mitts of academic shortcomings, privately urged Columbia to investigate him and challenged the professor’s findings in a research paper of his own. It is a tactic from Mr. Block’s investing playbook: Launch an attack highlighting alleged corporate wrongdoing, get regulators—in this case, Mr. Mitts’s bosses at Columbia—to take notice, and see if any of the claims stick.Mr. Block wrote last month to Columbia’s head of human resources urging the school to investigate Mr. Mitts’s research, as well as his paid consulting work for companies targeted by short sellers.Columbia law professor Joshua Mitts has researched whether short sellers use illegal trading tactics to drive down stock prices.PHOTO: HANDOUT/REUTERSIn the letter, viewed by the Journal, he attacked a paper Mr. Mitts wrote in 2018, which found that bearish posts on the investor website Seeking Alpha were often accompanied by unusual trading activity. The paper has helped guide prosecutors in their investigation, the Journal has reported.Mr. Mitts’s research “lacks academic integrity and is wholly wrong,” Mr. Block wrote. He also said Mr. Mitts’s consulting work may violate the university’s ethics policies.It is common for business and law faculty from prestigious universities to advise companies or government groups, often charging hundreds of dollars an hour for their expertise. Columbia allows faculty to spend up to one day a week on external consulting projects.Messrs. Mitts and Block declined to comment.A Columbia spokesman declined to comment on the matter. He said the school “recognizes the importance of relationships between researchers and external entities, and seeks to encourage such relationships, but also has rigorous standards and policies about conflicts of interest.”Mr. Block published his own analysis of the Seeking Alpha posts last month challenging Mr. Mitts’s conclusions. He said most of the stock-price declines could be explained by bad earnings announcements; that Mr. Mitts engineered his result by focusing only on larger companies; and that the vast majority of the posts’ authors didn’t say they were short the stock. The website requires commenters to declare if they are short a stock.Disagreements over research aren’t uncommon in academia and petty sniping can escalate to public rebukes, but behind-the-scenes lobbying by outsiders is unusual. Whether or not Columbia acts on his complaint, Mr. Block risks inflaming prosecutors by attacking their expert witness.Mr. Mitts is up for tenure next month, and Mr. Block appears bent on ensuring he doesn’t get it.In addition to the formal request to Columbia, Mr. Block sent an email last month to John Coffee, a chaired professor who has taught at Columbia Law School since 1980. He called Mr. Mitts’s research “outright deceptive and misleading” and attacked his work for companies that have been targeted by short sellers.“You have been bamboozled into assisting him in his campaign that serves his clients’ interests,” Mr. Block wrote in the email.“I do not think you are a fraud and I like what you have done,” Mr. Coffee replied, citing Mr. Block’s work exposing accounting problems at a Chinese coffee chain. “I also do not think Joshua is a fraud. Maybe I am just soft-headed.”SHARE YOUR THOUGHTSWhat is your outlook on the federal criminal investigation into short sellers?In an interview, Mr. Coffee called Mr. Mitts “one of the best young scholars in the country” and his case for tenure was strong. He also praised Mr. Block as “an entrepreneur par excellence.”“They’re both talented people,” he said, “but now they’re like the Capulets and the Montagues.”The two men were once friendly, at least professionally. In 2019, Mr. Block visited Mr. Mitts’s class at Columbia, where he spoke admiringly of the professor’s work, according to correspondence between the two viewed by the Journal. They discussed co-authoring an article about short selling, agreeing that it was key to policing corporate fraud and raising concerns about the possibility of manipulative trading.A few months later, Mr. Mitts was hired by a British asset manager, Burford Capital, after Mr. Block accused it of dodgy accounting. The matter eventually ended up in a U.K. court, where a judge was unswayed by Mr. Mitts’s claims that suspicious trading around the time of the report tanked the company’s stock price.Last week Eric Talley, another Columbia Law School professor specializing in corporate law and finance, waded into the spat by publishing a short paper concluding that Mr. Mitts’s research on the price movements of shorted stocks was on sound theoretical footing.“My interest in this was kind of as a boring academic,” said Mr. Talley.In his paper, Mr. Talley said he wasn’t weighing in on Mr. Block’s other criticisms of Mr. Mitts and his work. However, he wrote, Mr. Block’s “more ‘colorful’ allegations—entertaining though they may be—do little to clarify (and much to obscure) genuine academic discourse.” + +Write to Liz Hoffman at [liz.hoffman@wsj.com](mailto:liz.hoffman@wsj.com) and Melissa Korn at [Melissa.Korn@wsj.com](mailto:Melissa.Korn@wsj.com) + +Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. + +*Appeared in the March 21, 2022, print edition as 'Columbia Professor Is Latest Short Target.'* + +&#x200B; +The first being selling your GME for jackshit. + +If you quit your job now, or even if the price starts going up into the thousands, you might fuck yourself over if you're living paycheck to paycheck. If events unfold over a prolonged period of time, you might end up having to sell some of your stock to continue surviving in your current circumstances. + +Don't quit your job until GME is in the millions, by then you'll have your safety net. +Hi all, + +Just looking for some preliminary guidance but please let me know if this isn’t the place. + +My mum has worked incredibly hard throughout her life. Unfortunately, both her and my dad (they’ve been divorced for a few years now) did not make the best financial choices. My mum has no assets but she has a reasonable amount of savings and about $200k in her superannuation fund. + +Due to health reasons, mum has abruptly decided to retire and she’s in the process of applying for the pension, which is a drastic cut to her income. As she currently rents an apartment that she soon won’t be able to afford and is unable to drive, I’m a bit worried about her future. + +I’m looking at jointly purchasing a property my with her. While I’m married, the title will just be myself and mum and she would live in the apartment. Essentially she would pay a portion of the rent and I would pay the remaining mortgage amount, strata fees etc. Ideally looking at a two bedroom in Sydney’s inner west, so potentially she could have a friend as a flat mate to help with the repayments. We would be eligible for the first home buyers benefit as neither of us have ever purchased property. + +Is this a terrible idea? I’ve had some preliminary chats to a bank about it and they weren’t terribly helpful. Who should I be talking to, eg a financial adviser, mortgage broker, accountant or lawyer, about this arrangement? + +Thanks for your help +Guten Morgen to this global band of Apes! 👋🦍 + +This sub has certainly had an uptick in attempts to divide the community, has it not? +From suggesting that there is low engagement to complaining about DRS posts drowning out DD, the goal seems to be to plant seeds of doubt in minds. +Of course, this is classic FUD. +That it comes at this time, when the SHFs seem to be so vulnerable has me incredibly excited for the days ahead. + +With the Ethereum merge in just a few minutes, we are at the cusp of a significant change to how the world interacts with crypto. +We've seen many companies float the idea of using NFTs in products, only to retreat from the backlash of users concerned about the environmental impact of proof-of-work systems. +While GameStop is among several companies who mitigate this by using L2, the fact that one of the largest systems is moving to proof-of-stake will bring a shift of public sentiment along with it. +This is a huge moment in the company's digital future, and they already have many of the necessary pieces in place to drive massive growth. + +Meanwhile, Citadel is putting anything they can find up as collateral so they can survive another day. +HODLing GME is the easiest thing I do each day. + +Today is Thursday, September 15th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$28.18 / 28,21 €** *(volume: 924)* +- 🟥 115 minutes in: $28.18 / 28,21 € *(volume: 853)* +- ⬜ 110 minutes in: $28.21 / 28,24 € *(volume: 837)* +- ⬜ 105 minutes in: $28.21 / 28,24 € *(volume: 837)* +- ⬜ 100 minutes in: $28.21 / 28,24 € *(volume: 827)* +- ⬜ 95 minutes in: $28.21 / 28,24 € *(volume: 827)* +- ⬜ 90 minutes in: $28.21 / 28,24 € *(volume: 827)* +- 🟩 85 minutes in: $28.21 / 28,24 € *(volume: 827)* +- ⬜ 80 minutes in: $28.11 / 28,14 € *(volume: 827)* +- ⬜ 75 minutes in: $28.11 / 28,14 € *(volume: 826)* +- 🟥 70 minutes in: $28.11 / 28,14 € *(volume: 755)* +- 🟥 65 minutes in: $28.12 / 28,15 € *(volume: 755)* +- 🟩 60 minutes in: $28.27 / 28,30 € *(volume: 605)* +- 🟥 55 minutes in: $28.25 / 28,28 € *(volume: 600)* +- 🟩 50 minutes in: $28.25 / 28,28 € *(volume: 600)* +- ⬜ 45 minutes in: $28.25 / 28,28 € *(volume: 600)* +- 🟥 40 minutes in: $28.25 / 28,28 € *(volume: 600)* +- 🟥 35 minutes in: $28.25 / 28,28 € *(volume: 580)* +- 🟩 30 minutes in: $28.26 / 28,29 € *(volume: 580)* +- 🟩 25 minutes in: $28.25 / 28,28 € *(volume: 580)* +- 🟥 20 minutes in: $28.24 / 28,27 € *(volume: 580)* +- 🟩 15 minutes in: $28.24 / 28,27 € *(volume: 580)* +- 🟩 10 minutes in: $28.24 / 28,27 € *(volume: 570)* +- 🟩 5 minutes in: $28.24 / 28,27 € *(volume: 570)* +- 🟩 0 minutes in: $28.20 / 28,23 € *(volume: 548)* +- 🟩 US close price: $28.13 / 28,16 € *($28.24 / 28,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.999. 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 started a construction company a few years back and want to experience life now. Company does decent. I bring home about 300-400k per year. I’d be happy to cut that in half if I didn’t have to actively manage day to day ops. Anyone have success “handing off” their company in the service/construction space? +I lost my partner to a fatal stroke last week when he was only 39. My partner and I had been together almost 10 years. We have a 6 year old son, and a mortgage together. Our families always called us husband and wife and we also referred to each other as such. Except we were never legally married. I have read the wiki for when a loved one dies and really appreciate the info included there. + +We are joint tenants on our deed so our property will automatically go to me. The problem with his employer life insurance, retirement and brokerage accounts and bank accounts solely in his name is that our son is the sole beneficiary. Beyond missing out on the significant spousal benefits from his life insurance and social security, from my understanding there is significant downsides to our minor son being the beneficiary. From my very limited understanding, due to his age, the assets will then go into a guardianship account that would be subject to audits and annual hearings (that will likely incur legal fees every time). Please correct me if that is wrong. That being said, as his guardian would I be able to use any of that money as a down payment on another home? I am unable to afford our current home without his income so I was planning on renting it out and staying with family in the short term and in the long term I’d like to purchase a smaller home with the down payment coming from the life insurance payout however this would be money in my sons name. Someone had also mentioned we may be able to put the assets in an irrevocable trust in order to bypass some of the guardianship cumbersome rules but I am unsure of those details. Are there any other resources or survivor benefits (besides social security for my son) I can look into to assist with our financial situation? I still make decent money on my own so am unlikely to qualify for public assistance but this is still a huge blow (financially on top of all the already emotional parts). Appreciate any advice and knowledge shared. +My strategy has involved selling very far OTM puts for small premium using margin, even with the bear market it has seen very good success and I usually throw an equally if not further OTM call in there to increase my return and make it a short strangle. + +I’ve always known about futures but I just got approved to trade them with TD Ameritrade. I was to run the exact same strategy on /ES but because of the increased leverage it looks like I can get the exact same return on buying power and go even FURTHER OTM increasing my win rate even more. On top of this gains are treated 60% as long term profits and 40% short term profits. + +Is their any reason to not use /ES options instead of SPY options ? + +Note 11/20/2022: + +After reading and talking to you guys in the comments this is what I have taken away. +Pros +- Futures are indeed an amazing way to increase the returns you can receive on your buying power when selling options. With my strategy, I receive a 20-30% annualized return on buying power selling puts and short strangle on individual securities 2 standard deviations out but with futures, I receive a 30-40% annualized return on buying power selling 3 standard deviations out. + +-Tax advantages are real nice + +-Markets are open for most of the entire week + +Cons +- Futures work on SPAN margin like most derivative markets, however, the expansion of margin required is drastically more dramatic when compared to options on individual securities. In my scenario, my buying power requirement is 4,600 and if the market were to make a 20% daily move downwards it would go to a 37,000 buying power requirement. This means that you can easily way over leverage your account with futures + +- The contract fees are more expensive, this is offset by the increased premium imo. + +Conclusion: + +Selling options on the futures market, specifically indexes like /ES, can be an amazing way to supplement and increase the leverage of your portfolio, increasing returns and saving you on taxes. However, it should not be abused as the extra risk of margin expansion and the high correlation of the overall market movements can burn you quite badly. + +In short: Use futures, keep a lot of cash in your account, diversify, grind theta, and hedge your delta. +Looking to see what everyone’s go to strategy has been the past few months? I normally wheel stocks but find it extremely tough in this environment/market. What’s everyone’s thetagang go to in a downtrend? Bullish skewed strangles? Bear call spreads? +For the past 12 weeks I've been doing 5 DTE credit spreads on ETFs with decent success. Along with an additional 1 DTE spread to complete an Iron Condor with no additional collateral. I've had 10 positive weeks with maybe 3 to 7% return a week on my total account value. I've had 2 down weeks. I lost around 5% one week and this week I'll probably be down around 8% (thanks QQQ). I've recently been doing more research about credit and it seems like I've been playing with fire with these short expirations and that I should move to 45 DTE. + +&#x200B; + +Anyway, every video I watch has a link to a paid service to find optimal spread candidates. Optionsplay $750 a year. Marketchameleon $99 a month lol. How do you guys find good stocks or ETFs for these 45 DTE spreads? + +&#x200B; + +EDIT: FOR THE LOVE OF THE ALMIGHTY STAY AWAY FROM 5 DTE. 11/26/2021 +I'm thinking about starting to wheel tqqq by selling puts, as premium is really high and I'm bullish on aapl amzn tsla etc. I think the long term performance will crush the S&P, but of course it's really risky short term. And the call premiums are really juiced up. + +I'm know people have reservations about holding leveraged etfs long term, but there's no denying that spxl and similar ones have had incredibly good performance over the past 20 years. + +Would love to hear any feedback, especially reasons why I shouldn't go ahead with this. +So I know they say to sell CSPs on a stock you wouldn't mind owning at a given price, and I don't think the meme stocks are worth owning at anything close to their current prices… but I had a thought. The IV on meme stocks like AMC is astronomical, which of course cuts both ways. On the one hand, the premiums are quite high, but I really don't want to get stuck bagholding if I get assigned and the stock subsequently drops. So my thinking is, if and when I end up getting assigned, I buy a LEAPS put at maybe $1-2 OTM and start writing covered calls. At that point one of three things happens: + +1. My shares get called away and I sell the LEAPS at hopefully not too much of a loss, since their value is entirely extrinsic anyway and they shouldn't have had much theta decay at that point (or else I've made so much in terms of premiums that I don't care). + +2. The stock price drops like a rock, I sell the LEAPS for a profit to recoup a substantial portion of my losses, and then either continue wheeling if the IV is still high enough or dump the shares and find something else to do. + +3. The stock continues to trade sideways, I make a nice profit selling covered calls, and after a while I roll my LEAPS out and keep going. + +The two risks I see myself being exposed to with this plan are the stock price dropping suddenly while I'm in the CSP phase of the wheel, which I can theoretically protect against to an extent by setting stops (so let them get assigned if the price drops a little, but buy them back and take my lumps if the stock drops a LOT all of a sudden), and IV crush on the LEAPS, which I think isn't going to be a huge risk if the stock price drops 50% or more in a short timeframe. + +Is there something obvious I'm missing with this plan? Am I just finding a way to fool myself into thinking I'm being responsible while wheeling diamond hands YOLO junk stocks? Is there a better way to reduce this risk? Or am I just worrying too much about nothing? I've never actually done the wheel before, so I don't know if this is a real risk I'm trying to hedge against or if as a practical matter it's not really worth worrying about. +As the title asks... + +Right now I'm trading a strategy that After some 200 backtested trades, should get around 50% percentage and around 2RR. + +I'm curious about all of your profitable traders' stratégies! + +Big thanks! +I’m starting to see comments about a possible recession soon, just like in 2008. What are some stocks that I can start buying now that will be rise during recession? + +I’m thinking L (Loblaws), CP, CNR. +Hello all, Europoor Ape here, I’m a lurker and follow GME since February. + +This post will be my first contact with you all, and probably the last because I’m kind of shy ahah. But I wanted to try at least once to share my thoughts ! Sorry in advance for my English. + +**TL;DR :** Here I talk of a lot of tweets from DFV and Ryan cohen who led us to 05/13/21. Suggesting that this date could be important. This day NSCC will perform a liquidity test and will demand liquidity from DTCC members based on the risks. This test is done monthly, but this time hedgies are at their weakest, increasing chances of Margin Call, possibly leading to the MOASS. + +**Edit :** New tweet of Ryan Cohen added, published May 13th (in my time) + +**TL;DR of this tweet :** We need to rest united, we will all go to valhala and to the moon. Right now we are fighting "evil organisations" who are destroying the market. The crash is coming soon, shorts will need to cover, and we will use our tendies to make a better world and repair the dammage. The Government/SEC/DTCC/FINRA take too much time, so GME will use their own plan. + +&#x200B; + +First, know that what you are about to read is **just speculation**. I am very **hesitant to talk about it** because it revolves around a date ... May 13th. I've decided to share with you how Ryan Cohen and DFV tried to let us know about this date. + +Like many apes, this date caught my attention following a post from an ape, showing a tweet from DFV posted on April 15 from a clip of Smash Bros ending on the 5:13:21 clock, or 5/13/21. + +Link : [https://twitter.com/TheRoaringKitty/status/1382776799273291779](https://twitter.com/TheRoaringKitty/status/1382776799273291779) + +https://reddit.com/link/nb14zk/video/527xwbekcry61/player + +Seeing this tweet, I remembered another tweet from DFV who caught my attention on March 19 + +Link : [https://twitter.com/TheRoaringKitty/status/1372941144569569281](https://twitter.com/TheRoaringKitty/status/1372941144569569281) + +&#x200B; + +https://reddit.com/link/nb14zk/video/o6dkovr3dry61/player + +As you can see, this tweet clearly says : 2019 is the calm before the storm, Mars 2020 is when shit goes down and 2021 will be a good year, showing a calendar on May. Now look better. The calendar is fully open on May at the 13th second. And yes, once again we have the date 05/13/21. There are probably other tweets referring to this date. + +So, I looked at what that famous day was, and found out that it was Ascension Day… Ascension, you know where I'm going right ? But that is not enough it may be a coincidence. Oh ? But do you also know what day it is? + +[The National Frog Jumping Day](https://nationaltoday.com/national-frog-jumping-day/)**.** Why is this important ? First, take a look at the story from this day : + +“The history behind National Frog Jumping Day has turned into a tradition that came to life from the idea of a short story. Mark Twain, one of the most famous and celebrated authors in literature, published his first short story named “The Celebrated Jumping Frog of Calaveras County” in 1865. This story also goes by “Jim Smiley and His Jumping Frog” and “The Notorious Jumping Frog of Calaveras County.” The premise of the story is about a man named Jim Smiley, a compulsive better. He trains a pet frog he names Dan’l Webster and bets his frog can jump higher than all the other frogs in town. The man who he bets with ends up tricking Smiley and wins the bet.” + +It’s a “Short Story”, a man who is a “compulsive better” (you know, like some people…like wallstreetbets), he bet his frog can jump higher than all the other frogs (The MOASS). But the man who he bets with ends up tricking him and wins the bet…like in January. So I believe this is a reference to our January story ! + +Now, some of you have probably already remembered a tweet from Ryan Cohen. + +Link : [https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +&#x200B; + +https://preview.redd.it/4hd6mesudry61.png?width=585&format=png&auto=webp&s=8dc600de1e1e3761e4b2e6eb5e8a71e2fa8f293b + +He tweeted a **frog**. I think he meant to talk about that day. May 13. But he also tweeted that ice cream… we'll get to that later. So that's a lot of coincidences ! Wait ... it's not over ! + +May 13th is also "[**World Cocktail Day**](https://nationaltoday.com/national-fruit-cocktail-day/)" and check out what Ryan Cohen also tweeted : + +Link : [https://twitter.com/ryancohen/status/1384616641087086596](https://twitter.com/ryancohen/status/1384616641087086596) + +&#x200B; + +https://reddit.com/link/nb14zk/video/4durwm89ery61/player + +A bear shaking a **cocktail** ! Another coincidence that leads to this date… The End… or not ! Ryan Cohen also tweeted [this](https://twitter.com/ryancohen/status/1385989779129503746) : + +&#x200B; + +https://preview.redd.it/sc54rmhlery61.png?width=584&format=png&auto=webp&s=76b527f58b7382ff6df5a0f6addd68e1b596fc98 + +A lot of people thought it was to tell us to vote, and I agree, but I think there are several messages ... such as "Nation" for "**National Day**," such as May 13th. It's really a lot of coincidences ! In addition, May 13 is also the "[**Fair Trade Day**](https://nationaltoday.com/fair-trade-day/)" (Not the World Fair Trade Day who is 05/08) + +“The movement is an actionable step toward reducing poverty, mistreatment of workers, climate issues, and economic constraints around the world” + +That’s also « Eid al-Fitr » the "**Festival of Breaking the Fast**" (And I don’t know for you, but I’m hungry). This day, Muslims have the custom to do a donation so that less fortunate can also celebrate this day. + +Now, let's come back to this famous **Mc Donald's ice cream**. When I thought about it, I was reminded of a famous story : All of McDonald's ice cream machines break frequently. They are all the same machines, imposed by McDonald’s. And when they don't work, calling the manufacturer is necessary, and it's very expensive. It is very likely this is due to an agreement between McDonald's and this manufacturer. So if that's the message Ryan Cohen meant, I think the meaning is, "The National Frog Jumping Day, the machine will break." And maybe I'll go a bit far, but it might also mean that “The machine will break, and we know because we have an agreement” or “because of an agreement”. + +But what can possibly be going on that day? Why is this so important? I think it's because tomorrow there's a liquidity test scheduled. This is now well known, but I had a hard time finding detailed and reliable information. So I tried to find out myself, know that **I don't have a lot of experience**, so it is entirely **possible that I am wrong**, please let me know if I do ! + +I used this link, which has been shared several times on reddit : + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +I was inspired by this [post](https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/?utm_medium=android_app&utm_source=share). + +This is the famous SR-NSCC-2021-002 rule. While this rule is important, it is not a necessity for the MOASS. What interests us is the rule currently applied “The Rule 4 (A) and Supplemental Liquidity Deposits (SLD)”. On Page 6 (ii). + +&#x200B; + +https://preview.redd.it/n9qsgtkefry61.png?width=605&format=png&auto=webp&s=eeea7e8b3510765ea9dd726c2abe83d78e46aeae + +This liquidity test is done **on a monthly basis** no later than the **fifth day prior** to an Options Expiration Activity Period. To make it short, standard options expiration occurs on the third Friday of each month. So this month, it’s 05/21. The period in question is Friday + 2 business day (so end 05/25). The test is done no later than the fifth business day prior, which is the **05/13**. + +Therefore, I believe this liquidity test will be used to start a Margin Call when hedgies (hi Citadel) are at their weakest. How is the question. Passive or aggressive ? With all these tweet suggesting this date I believe the second option ! + +&#x200B; + +https://preview.redd.it/22hetdgkfry61.png?width=605&format=png&auto=webp&s=cfe4aea3b7c459f1163ff304debd64e34df52286 + +NSCC will require more liquidity (and if there is no other rules that I don’t know and so on…), Citadel will have until the close of business on the second day prior to 05/21, so 05/19 (if I’m not wrong. I have a little doubt here, smooth brain, you know…). This liquidity will be borrowed by NSCC and will keep it until 7 business days after 05/21, so 06/01. + +&#x200B; + +https://preview.redd.it/rqeywz4nfry61.png?width=605&format=png&auto=webp&s=d0ee89bc7a9f9f1ceb9875ab9ca781281c38f5eb + +IF NSCC see that they will need a lot more liquidity between 05/21 and 05/25, they **may** call for more. And this supplemental liquidity will be held by NSCC for up to 90 days after the deposit. + +In **summary**, if I understood correctly, if the 05/13 someone or something create an increase in GME price and this increase is too risky based on the math of NSCC, they will demand more liquidity to compensate. This demand can increase if between 05/21 and 05/25 the risk increase. Hedgies then are fucked because they are already fighting every day and now they will need to find more banana, leading possibly to a margin call ! + +I’m not sure of everything, maybe I didn’t consider some possibilities or rules, maybe the margin call could happen the 05/13, maybe later, but honestly it can happen every day, I don’t care ! And you know why ? + +All Shorts Must Cover. + +I believe Ryan Cohen led us to 05/13 and I believe there is a good reason. Maybe it was part of an old plan and now the plan has changed, but even if nothing happen, I know we will win. + +And the 05/11/2021 tweet from GameStop, the day where they are supposed to know how many shares are voted make me believe that the plan has not changed ! + +&#x200B; + +https://preview.redd.it/m6bhbqxvfry61.png?width=591&format=png&auto=webp&s=c24bf11d932c44195804dc84f64c86998c5585dd + +**My Edit and interpretation of the new tweet from Ryan Cohen start here** + +New [tweet](https://twitter.com/ryancohen/status/1392649234944507906) from Ryan Cohen ! May 13th (in my time) ! We know this guy love to send messages with tweet. + +https://preview.redd.it/9rtohb7czsy61.png?width=591&format=png&auto=webp&s=3a2eb5ec847fe33127e05d8132fea46abd9b1fc0 + +https://preview.redd.it/vzfvjc0g0ty61.png?width=1682&format=png&auto=webp&s=565b82402a2fc7538527ef1dabb939ec7f617cde + +Here is my understanding. Games on every rows have a signification. + +**1st row :** + +Assassin’s creed unity : “UNITY” + +Assassin’s creed Valhala : “VALHALA” + +Astronner : “To the moon” + +**Therefore,** “**we will all go to valhala and beyond, to the moon !**” + +**2nd row :** + +[Children of Morta](https://en.wikipedia.org/wiki/Children_of_Morta) : “Story of a family who must defend the Mount of Morta from an evil called the Corruption”. The key words are “Fight against evil corruption” + +[Crackdown 3](https://en.wikipedia.org/wiki/Crackdown_3) : “number of different organizations controlling the city of New Providence that players need to take down by killing their bosses, destroying their facilities, and destabilizing their infrastructures”. We fight against organizations. + +[Code Vein](https://en.wikipedia.org/wiki/Code_Vein) : “Set in the near future, the world has fallen to a mysterious calamity known as the Great Collapse”. Here it’s talking about the “Great Collapse” the MOASS or the 2008 Crisis. In the game to fight monsters humanity created the Revenants, human corpses brought back to life. So us, human corpses (abused by Wallstreet) fight against theses monsters. + +**In summary,** “**We are fighting/will fight evil organisations to defend "humanity"**” + +**3th row :** + +CRASH bandicoot, It’s about time : “CRASH” “It’s about time” pretty obvious here + +[Tom Clancy's The Division 2](https://en.wikipedia.org/wiki/Tom_Clancy%27s_The_Division_2) : “Set in a near-future Washington, D.C. in the aftermath of a genetically engineered virus known as “Green Poison” being released, and follows an agent of the Strategic Homeland Division as they try to rebuild the city”. Here we also have “Near future” and “Green Poison being released” (Shorts) “try to rebuild the city”. So the meaning is probably “in the near future, shorts will be released, and we will try to rebuild GME/market/world” + +**In summary :** “**The crash is coming, soon, shorts will be released and we will rebuild what has been damaged**” + +**4th row :** + +[The Surge 2](https://en.wikipedia.org/wiki/The_Surge_2) : “In a dystopian future where humans have exhausted the world’s resources, leading to strained social service and environmental diseases bringing mankind to the brink of extinction”. Again in the future, not a good one. “One of the largest tech conglomerates, makes attempts at restoring the environment but with the task taking too long, a second process is developed, Project UTOPIA, a faster Project but costing the lives of 95% of humanity. The project, which was voted against by the board of the conglomerates, trigger a system-wide crash” So a largest conglomerates try to restore the human failure (Government/SEC/DTCC/FINRA) but they are too long, so another process is developed (The plan of GameStop), this is faster, but there will be a lot of collaterals (MOASS, Market crash). This project was not approved to the conglomerates, and trigger the system-wide crash (2021 Crisis). + +I don’t know the second game with vehicles. So I pass this one. + +[~~Trial Rising~~](https://en.wikipedia.org/wiki/Trials_Rising) ~~: “Player navigates a number of obstacles.” I believe here it’s about voting because “obstacle courses set in various parts of the world and player can compete against each other in both local and online multiplayer” I can only think of votes because brokers are making difficulties for us, and this all over the world. “The game allows players to view other players best personal performance and they will be notified when the player’s record is broken by others”. For me, here this mean that GME will see/are seing our votes and we will be notified when the number is enough or when they can. “Each player will be responsible for controlling a part of the balance and power of the vehicle”. Here it’s “we are all responsible! EVERY SHARE COUNT, this will give power to GME/The Moass”~~ + +I'm wrong for this game, but it doesn't change the fact that voting is important so i won't change my summary. + +**In summary** : I think here Ryan tell us that **government/SEC/DTCC/FINRA take too much time**, therefore **GME will/are using another plan**, this plan **need our VOTE to work, and we are ALL RESPONSIBLE, EVERY SHARE COUNT**. When **time come, we will know how many shares are voted, and the MOASS will begin !** + +**Total summary :** We need to rest united, we will all go to valhala and to the moon. Right now we are fighting evil organisations who are destroying the market. The crash is coming soon, shorts will need to cover, and we will use our tendies to make a better world and repair the dammage. The Government/SEC/DTCC/FINRA take too much time, so GME will use their own plan. This plan need us to VOTE. We need to try pass difficulties made by brokers. EVERY SHARE COUNT. When time will come, the MOASS will begin ! + +MY TITS ARE JACKED ! + +And don't forget, + +BUY, HODL and VOTE !! 🚀 🚀🚀🚀🚀🚀🚀 💎🙌 + +**Edit2 : Because my post seem to gain popularity, just a reminder, everything i say in this post is pure speculation, only my research on the liquidity test was based on facts, and even with this i can be wrong on some details. Again, it is possible that nothing happen May 13th. Or even if something happen or a new information come, maybe it will not be enough. I just wanted to share my toughts. Only Buy, hodl and vote is the way.** + +**Edit3 :** /u/Nixin83 said something interesting in comments about the last tweet of Ryan Cohen. He said **maybe** we will have another **Gamma squezze** and **maybe** like in January or Mars, the **price will fall**. "Prevention is better than cure". **Seriously guys, don't risk monney you can't afford.** + +**Do not Day Trade and don't play with options if you don't know what you are doing. Not financial advice of course.** + +We can only wait to see if something will happen. **I'll stop edit this post**. As said at the beggining, i just wanted to share my thoughts and try to make a post. **I'll rest a lurker.** + +**Edit4** : I made an exception and posted a new post because of my findings and i was excited. I was wrong for the 4th row of games in the tweet of ryan cohen. But i want to **rest a lurker.** + +**See you to the moon be it today or in a month** 🚀💎🙌 +Hi obviously this group is about dividends but there is a fine balance between growth and dividend stocks. Has anyone had the ultimate dividend fund that eventually went south. +Retirement age is different for everyone depending on your personal situation. That being said, I assume as you get older you'll want less volatility in your investments. + +For us div investors, as you get older, say over 60, is your plan just withdraw the divs and leave the principal alone, and deal with volatility or move your funds to something less volatile? I know the point is withdraw the divs but as we age it can be harder to deal with a bear market. + +Would love to hear some different perspectives. +XOM is at a huge discount with an insane % dividend for how strong the company is. They seem bound to profit when oil bounces back, which it will. + +ABBV is just a solid medical company with decent growth prospects in both stock growth and dividend growth. + +Do any of you own these and care to elaborate why? +Hello everyone just want to know how many different stocks/etfs you have in your portfolio. I have made a list I’m trying to make a diversified portfolio from different sectors and it came up to 24 stocks and etfs. Not sure if this is too many stocks to split money between or if I should cut down to concentrate between a select few. + +edit: Thanks for the advice, looked through my list and cut down a lot of tickers that are overlapping in sectors and have low growth potential. Down from 24 to 14, much more manageable than before, think I will stick with this amount for now +Hi guys! + +I was hoping to have a discussion about Realty Income. I'm new to valuing REITS so I would love some second opinions. I read that the best way to value a REIT is using AFFO (adjusted funds from operations) and the ways to stimulate AFFO are to increase rent, improve occupancy rates, and through acquisition. The thing about Realty is that, according to their Q3 institutional report, 85% of their revenue comes from retail. + +Because they get so much of their revenue comes from traditional brick-and-mortar retail, I don't think they'll be able to stimulate AFFO through rent increases and I'm not confident in their ability to improve occupancy. That would leave acquisition, and this is where things get interesting. + +Most REITs keep little to no cash on hand, and historically, Realty hasn't been an exception. That changed in the last 2 years when they suddenly began hoarding a ton of cash. In the last 2 years, they've grown COH by **10,257.14%** (7 million -> 725 million). + +This makes me think that Realty is about to go on a property acquisition streak. The question is whether there's going to be demand for the properties they're going to be acquiring. Brick-and-mortar retail isn't expanding and many companies are moving out of the office and into a remote work model. I would love to get your guys' opinions on this! + +edit: Thank you all for your helpful responses! I'm very new to REIT investing/valuation so the discussion is amazing! +I’ve been thinking about putting the lottery on and wondered what this subs opinions would be on it. +Have to be in it to win it i guess. +Do you put it on? Have you ever won anything? Your thoughts? +As you know, apple has been the biggest company for quite a while now. It is very difficult for me to envision them losing this spot for like the next 20 years at the very least. + +What do you guys think it would take for Apple to drop out of the top 10 in the s&p500? +During the last trading halt the order book showed limit sell orders at $420, $6969, and the computershare limit sell limit of $214k. + +The price jumped that high in a second. Which shows the price can go much much higher than that. Much higher than any broker is going to let you set a limit order for right now. + +So wait until MOASS has started and you are ready to sell and then set your limit orders at the prices you actually want to sell at if you ever are going to. + +Limit orders mean that the sale will not go for less than $214k(or whatever you set the price at). But if the price is at $10 mil a share the order will instantly fill like a market order for $10 mil even if your limit sell amount is less than that. + +So absolutely use limit orders as market orders can be unsafe. But set the limit orders when you are ready to sell. Not right now. + +And remember to BE GREEDY. Do you think for a second that if the roles were reversed Kenny boy would let us off the hook for $214k a share? Absolutely not. He would hold until the price was in the millions, if not the tens of millions. + +This will never happen again. EVER. So make sure you take full advantage of this and wait to sell until each share is a phone number with country code. + +Don't let the single shareholders end up still being wage slaves after this. + +The only way we can mess this up is by selling too soon or for too little. + + +The above may seem like financial advice. It is not. I'm an idiot and this is just what typed out when my dog was chewing on my phone. +Aside from being part of a lawsuit in which everything is discoverable and can be used against him, said lawsuit and scrutiny right now would have every lawyer he is advised by telling him not to. + +Our interpretations of said tweets here and his actual tweets will be dissected, manipulated, etc. + +He should be silent. Let’s put that to bed and stop expecting anything else. +What are people predictions here? Will lockdown be extended or resumed after Christmas? + +What will happen to housing market? A Big hard crash incoming? + +That’s Brexit, furlough scheme and stamp duty holiday all coming to a close in the first quarter of 2021. + +Source: https://www.bbc.co.uk/news/business-54824120 +https://www.businesswire.com/news/home/20180801005635/en/Fidelity-Rewrites-Rules-Investing-Deliver-Unparalleled-Simplicity + +Probably not earth shattering if you're only paying five basis points on VTSAX but still pretty interesting. Wonder how they'll make money? +Around 4-5 months ago, this subs favorite low market cap coin was Ergo (ERG). + +During its hype it was hovering around $14-$18, a few months later and it’s down at $4 - down more than 70% from its ATH. + +[This is an even better post about this topic.](https://np.reddit.com/r/CryptoCurrency/comments/qbyq2i/unpopular_as_heck_if_this_sub_is_shilling_a_coin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^As ^you ^can ^see, ^when ^OP ^made ^the ^post ^Ergo ^was ^at ^$9.99, ^it’s ^down ^even ^more ^now! + +[An Ergo shill post, a really good one tbh!](https://np.reddit.com/r/CryptoCurrency/comments/q563f2/ergo_deep_dive/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Down ^54% ^since ^this ^post. + +[Don’t miss out on Ergo!](https://np.reddit.com/r/CryptoCurrency/comments/pn1drc/erg_ergo_is_getting_popular_dont_miss_out_just/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Don’t ^miss ^out ^on ^a ^way ^to ^lose ^67% ^in ^4 ^months. + +[What’s the top comment in a post asking about the best project outside top 100 market cap? Guess?](https://np.reddit.com/r/CryptoCurrency/comments/p9g8v4/whats_your_favorite_project_outside_the_top_100/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +^Ergo ^everywhere. + +Don’t make my mistake. If a coin is shilled way to much here don’t buy it. +Last year at this time I was completing my last week of full time employment prior to retirement. I was at 75% of my full FI number and decided to go the Barista FI route as I was done with full time work at that point. + +My original plan was to get a 25 hour a week part time job that paid at least $17 an hour. I utilize a health share for health insurance, so that wasn't a factor. I live in MA, so I felt this work plan was doable. So I left my job on 6/30/21 with no part time job in place. + +That was a mistake. I assumed that finding the right position would be easier than it was. I found a mobile power washer position for 3 days a week with good pay. This proved to be a much more physical demanding job than I thought it would be. I had back surgery 4 years ago, so I am not physically where I want to be. Add the other joys of working outside and I decided to move on in Sept. + +My next position was in event security. It was not consistent as far as scheduling, but the pay was right and I liked it. So I looked into other possibilities in terms of security positions. I found a front desk security position in a Class A office building in October that was 8 hours every Thursday and Friday. Not the best pay, but it is consistent and I like everything about it. I may add one day a week with another company if possible. It is tough to find something that will allow you to work only one day, but I have plenty of time to look. + +So if I could go back to a year ago, I would do more research on the part time market in my area. I would get a better understanding of the jobs out there and which would be best for me. Then keep working full time until I found something. I love what I ended up doing and have plans to change this point. I am surrounded by other retired guys, so I feel like I am in my element. My only regret is that the transition could have been smoother. + +Overall, FI has been great. I just went ziplining in NY this past weekend and I am going to be spending the next two days in Maine before I come back to work my two days this week. I am living a life that I was never able to live while working full time. I feel the best that I have felt physically and spiritually in the last 25 years. + +If you are on the fence, do it. You won't regret it. +I'm a relatively new RN and made a [post](https://www.reddit.com/r/PersonalFinanceCanada/comments/zfk79j/moronic_question_can_i_ever_buy_a_condo_with_my/) in this subreddit. I got some helpful feedback so I did my research in the sidebar and Wealthsimple. Before I outline my financial goals below, I want to state that I take home $4600 after taxes (this will decrease because I just signed up to join OMERS through my workplace. From what I've read, $200 per month will be deducted for the pension). + +I currently pay $1350 on a large room with a roommate. I absolutely hate living with roommates and very much prefer my own place. Home ownership is out of the realm of possibility for me but might happen if I find a lifetime partner who makes a good income. I could rent a 1-bedroom condo but the market rate is $2500 which is very steep. I can try and find a studio within $1800-1900 in Toronto. I rarely eat out because I cook all my meals at home. + +**Savings:** + +I checked my CRA account and my contribution room for a TFSA is $66,000. For the RRSP, it's $20,000. Since I have $100k just sitting in my account, I can immediately open a TFSA account and max it out. And for the RRSP, I can again max it out which will leave me with around $14,000. I can move this $14k into a high savings account and use it as an emergency fund. + +How does this plan sound? I have no debts and will not buy a car because I live in Toronto. I also plan to go back to school to get a Masters in Health Informatics to increase my earnings. +WATERLOO, Ont. -- BlackBerry Ltd. reported a loss of US$23 million in its latest quarter as its revenue grew six per cent compared with a year ago. + +The security software and services company, which keeps its books in U.S. dollars, says the loss amounted to four cents per diluted share for the quarter ended Aug. 31. The result compared with a loss of US$44 million or 10 cents per diluted share a year earlier. + +Revenue for what was the company's second quarter totalled US$259 million, up from US$244 million in the same quarter last year and US$206 million in its first quarter. + +BlackBerry says its non-GAAP earnings amounted to 11 cents per share for the quarter. + +Analysts on average had expected an adjusted profit of two cents per share for the quarter and US$237 million in revenue, according to financial markets data firm Refinitiv. + +BlackBerry executive chairman John Chen says the says the sequential and year-over-year revenue growth this quarter exceeded the company's expectations despite the ongoing challenges from COVID-19. + +https://www.bnnbloomberg.ca/blackberry-reports-q2-loss-revenue-up-from-year-ago-1.1498768 +My plan is to invest now and keep my investments in stocks for 10+ years. With the market being volatile, I was wondering if now is a good time to start. +Are any of you following the Marcellus investment model of investing or have you invested with Marcellus? If so, what has been your experience? + +I have applied their model of CCP and LCP since more than year now. It is so far so good. They have not made their portfolio weights for CCP public and hence have modeled in my own. However for LCP, most of the information is public and I have applied slightly different weights and not invested in couple of stocks for which I don't have long term conviction. + + +What would be your views on the Marcellus approach going forward? +So global market is under pressure due to China stopping trade on exchanges. Can buying put on stocks be a good strategy for tomorrow? Also which stocks are likely to be most affected by China right now? +https://nakedbeta.com/musings-rants/franklin-templetons-lucky-streak-continues/ + +One of the most hilarious post about this Franklin Templeton saga. Do give it a read. 😅 + +On the subject of was Franklin supposed to obtain the consent of unit holders: + +> Look, I’m no bloody Lawyer, and I failed my 10th miserably, and I have the IQ of an empty Rasna dabba. But to me, it seems like Franklin really doesn’t need to obtain unitholder consent as long as the trustees approve it. It seems reasonable, doesn’t it? Does it? Investors are for most parts, idiots, which is why they are entrusting their money to a fund house that is supposedly full of qualified and capable professional geniuses with quantum underwear. + +> Now, the professionals go looking high returns, buy a bunch of bonds which nobody knows about, a stupid virus ravages the planet forcing a total shutdown of economies, liquidity in the bond market dries up like a lake in Bangalore, people queue up to withdraw money from Franklin debt schemes, Franklin calls buyers and says – hey, we have amazingly good bonds with high returns, would you like to buy, the buyer on the phone coughs and sneezes, the Franklin bond trader gets scared of contracting Corona through the phone and hangs up, Franklin tells the trustees, listen – nobody wants to buy our shitty bonds, and we need to shut the schemes down, trustees pretending to know everything say – ok beta, follow your heart and dreams. +Every year I file my taxes via a CA. But this year he told me that he is not doing individual's returns because of "low margins" and "higher compliance". + +So I tried https://cleartax.in for the first time and and filed my ITR-2! + +Btw, I also did not know that it was free! + +So if you were holding off on using ClearTax then maybe now is the time! +What a time to be an investor. Free direct mutual fund platforms and cheap plans. More on the table for investors. Good times! + +[https://tradingqna.com/t/direct-mutual-funds-just-got-much-cheaper-vs-regular-funds/49056](https://tradingqna.com/t/direct-mutual-funds-just-got-much-cheaper-vs-regular-funds/49056) +The following are the kinds of debt funds available which we can use in our debt portion of our portfolios (in addition to PPF, EPF, FD, RD etc) + + a. liquid/overnight + b. ultrashort + c. short + d. medium + e. gilt + f. dynamic + g. credit risk + +Since the primary function of the fixed income portion of the portfolio is capital protection and not returns, the general recommendation is to primarily use liquid/ultra short term debt funds. + +I am curious to know what debt funds do all of you use. +I saw one old files of my father and noticed this paper. I asked to my father if they know more about it. He said "I don't know much but a bank cheque used to come by post 20 years ago and this share was purchased from a shop in the town." He never tried to know what happened to that company or stock. + + +Photo [http://take.ms/zd1rn](http://take.ms/zd1rn)Not able to find it yet. +Asking this here because I can't find a definite answer googling all over the place. + +I wanted to know if there is any restrictions on purchasing or redeeming mutual fund units through AMC online portals if one has NRE accounts as registered bank account for the folio. + +I work in Dubai and has a NRE bank account which I plan to register with my new folio. I understand that my tax status will now become (NRE -repatriable) when its done. But I wanted to know if I will still be able to transact online from AMC website (purchase/redeem) like investors with domestic accounts. + +The reason I'm asking this is because of some articles AMC websites saying they don't allow online purchase or redemptions with NRE accounts and only has paper based conventional investment method of sending signed forms to them and such incase they wanted to redeem or purchase units. Does this apply to all NREs or just the ones from US / canada. (SOme AMC websites particlularly mentions US/canada but others just use the term NRE which is making me wonder about all these. ) + +EDIT : It would be great if NRIs (non US / canada based) can confirm. +Asking this here because I can't find a definite answer googling all over the place. + +I wanted to know if there is any restrictions on purchasing or redeeming mutual fund units through AMC online portals if one has NRE accounts as registered bank account for the folio. + +I work in Dubai and has a NRE bank account which I plan to register with my new folio. I understand that my tax status will now become (NRE -repatriable) when its done. But I wanted to know if I will still be able to transact online from AMC website (purchase/redeem) like investors with domestic accounts. + +The reason I'm asking this is because of some articles AMC websites saying they don't allow online purchase or redemptions with NRE accounts and only has paper based conventional investment method of sending signed forms to them and such incase they wanted to redeem or purchase units. Does this apply to all NREs or just the ones from US / canada. (SOme AMC websites particlularly mentions US/canada but others just use the term NRE which is making me wonder about all these. ) + +EDIT : It would be great if NRIs (non US / canada based) can confirm. +Interested to understand any particular nuances which folks are using to optimize their taxes effectively. Obviously, all methods should be on the right side of the law. +Equity Capital gains will be taxed at their special rates regardless of your tax slab. Equity LTCG is taxed at 10% and Equity STCG is taxed at 15%. If your total income is less than 5 lakh, you can claim rebate to the max of Rs 12,500 for your regular income and STCG but **it does not mean there is no tax liability**. + +This rebate is not applicable for Equity LTCG. If your LTCG is more than 1 lakh, you will have to pay tax unless your income is less than basic exemption limit. Basis exemption limit for FY20-21 is Rs 2.5 lakh for a resident individual. + +A few examples to explain the case: + +**Case 1: A person with 3 lakh net regular income, with equity STCG of Rs 75,000 and equity LTCG of 1,25,000.** + +| Regular income (after standard deduction) | 3,00,000 | +|-------------------------------------------|--------| +| Equity STCG | 75,000 | +| Equity LTCG | 1,25,000 | +| Total income | 5,00,000 | +| | | +| Income tax at normal rate | 2,500 | +| LTCG tax @10% (after deducting 1 lakh) | 2,500 | +| STCG @ 15% | 11,250 | +| Total tax | 16,250 | +| Less: Rebate under section 87A | 12,500 | +| Tax liability (excl. Secondary and higher education cess) | 3,750 | + +--------------- + +**Case 2: A person with 3 lakh net regular income and equity STCG of Rs 75,000.** + +| Regular income (after standard deduction) | 3,00,000 | +|-------------------------------------------|--------| +| Equity STCG | 75,000 | +| Equity LTCG | 0 | +| Total income | 3,75,000 | +| | | +| Income tax at normal rate | 2,500 | +| LTCG tax @10% (after deducting 1 lakh) | 0 | +| STCG @ 15% | 11,250 | +| Total tax | 13,750 | +| Less: Rebate under section 87A | 12,500 | +| Tax liability (excl. Secondary and higher education cess) | 1,250 | + + +---------------- + +**Case 3: A person with net regular income of Rs 1,50,000, STCG of Rs. 50,000 and LTCG of 2,80,000.** + +As the income is less than basic exemption limit, we can adjust part of our LTCG against the limit. + +> A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. In other words, first income other than LTCG is to be adjusted against the exemption limit and then the remaining limit (if any) can be adjusted against LTCG.^1 + +| Regular income (after standard deduction) | 1,50,000 | +|---------------------------------------------------------------------------------|--------| +| Equity STCG | 50,000 | +| Equity LTCG | 2,80,000 | +| Total income | 4,80,000 | +| | | +| LTCG tax @10% (after adjusting basic exemption limit and then deducting 1 lakh) | 13,000 | +| STCG @ 15% | 0 | +| Total tax | 13,000 | +| Less: Rebate under section 87A | 0 | +| Tax liability (excl. Secondary and higher education cess) | 13,000 | + + +-------------------------- + +You can also consult the [Income tax calculator](https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx) for your specific use case. + + +1: [Tax on Long-term capital gains](https://www.incometaxindia.gov.in/Tutorials/15-%20LTCG.pdf) Page 13. +While the minimum wage sets an earnings threshold under which our society is unwilling to let families slip, it fails to approximate the basic expenses of families in 2021. Consequently, many working adults must seek public assistance and/or hold multiple jobs to afford to feed, clothe, house, and provide medical care for themselves and their families. + + +Establishing a living wage and an approximate income needed to meet a family’s basic needs would enable the working poor to achieve financial independence while maintaining housing and food security. When coupled with lowered expenses for childcare and housing, the living wage might also free up resources for savings, investment, and the purchase of capital assets (e.g., provisions for retirement or home purchases) that build wealth and ensure long-term financial stability and security. + +An analysis of the living wage (as calculated in December 2021 and reflecting a compensation being offered to an individual in 2022), compiling geographically specific expenditure data for food, childcare, health care, housing, transportation, and other necessities, finds that: The living wage in the United States is $24.16 per hour, or $100,498.60 per year in 2021, before taxes for a family of four (two working adults, two children), compared to $21.54, or $89,605.51 in 2020. + +The minimum wage does not provide a living wage for most American families. A typical family of four (two working adults, two children) needs to work more than two full-time minimum-wage jobs (a 98-hour work week per working adult) to earn a living wage. Single-parent families need to work almost twice as hard as families with two working adults to make a living wage. A single mother with two children earning the federal minimum wage of $7.25 per hour needs to work 235 hours per week, the equivalent of almost six full-time minimum-wage jobs, to make a living wage. + Across all family sizes, the living wage exceeds the poverty threshold, often used to identify needs. State minimum wages provide for only a portion of the living wage. For two adult, two children families, the minimum wage covers 59.8% of the living wage at best in Washington and 29.9% at worst in Wisconsin. This means that families earning between the poverty threshold ($26,500 for two working adults, two children on average in 2021) and the living wage ($100,989 on average for two working adults, two children per year before taxes) may fall short of the income and assistance they require to meet their basic needs. + +[Link to full report](https://livingwage.mit.edu/articles/99-a-calculation-of-the-living-wage) +The problems that we’ve always faced are becoming way more apparent and much more of a pressing issues it feels to me. Inflation is at a all time high, housing market is soaring, gas prices are high. This is all concerning as I myself is starting to see its affects. I’m currently looking for a property to buy but I can’t even get a seller to consider a offer. A FHA loan is nowhere near competitive. So I just want to see what are everyone else thoughts that’s been goin on? +because she's on a vacation. + + +The job was severely underpaid and was an hour commute one way every day. Not to mention I never got paid for my OT. + +Boy bye ✋ +This is as cringe try hard feminism as it gets. + +To quote CNBC: +>Women are lagging behind men in their rates of cryptocurrency investing, just as they have historically struggled to keep pace with men in more traditional investment verticals. + +Who exactly is trying to keep women out of crypto? Literally no one. On the contrary, with crypto ANYONE can invest. Men, women, trans, cats, dogs who gives a shit? + +And the next bomb they drol in the article + +> Black women face the highest investing barriers. + +…who is preventing them? Crypto is for everyone. It was designed to be such. + +I am the biggeat supporter for women and all gendrea to get in crypto but this article just grinds my gears. + + +https://www.cnbc.com/2021/08/30/cryptocurrency-has-a-big-gender-problem.html +I recently got a promotion at work and I felt it was time to give a small % to charity. + +The place I work at has a great platform to facilitate this and they match up to $500 i.e. you pay $500 (tax deductible) and they match it with another $500. + +I'm interested to see if charity is ever discussed as part of FIRE. I know a lot of people will donate time and money when they reach FIRE but does anyone donate along the way? If so, who do you donate to and why? +I started the process of selling my vehicle to Carvana in mid-December. We sale price was set at $23,346.00. Of that amount, Carvana would pay off the remaining balance of my car note (10 day payoff amount of $13,515.75) and issue me a payment of $9,830.25. Simple enough, couldn't have been more happy with how easy it went. + +Well, there was a week delay around the holiday's in me picking up my new car and selling my old car to Carvana. In that time I made a payment on my old car since it was due. That brought the balance on my car note down to ~$12,950. My Carvana rep assured me that my financing company would issue the difference in the original lien payoff amount and the new payoff amount. Cool! + +A couple day's later, Carvana came and picked up my car and ACH'd me $9,830.25. A couple days after that I saw that my car note had been satisfied to the tune of $12,958.08. I figured that I would receive a check from the financing company for $557.67 within a few weeks. + +That check never came and I forgot about it today. + +So I called the financing Co. They said they received exactly $12,958.08. So I called Carvana and they agreed that $12,958.08 was paid to the financing company. I walked through all the numbers with them and had them verify transactions along the way. Conclusion, Carvana was sitting on an extra $557.67 that is my money. + +The irrational part of me wants to believe this is a bit shady, but the other part of me rationalizes that this just slipped through the cracks because I made a payment in that window between the sale agreement and pickup. Either way, I apparently should receive a check from Carvana via UPS in 2-5 business days. Just a little story. Overall, great experience with Carvana in selling my vehicle, but I doubt they would have volunteered that they owed me $557.67 if I hadn't called! +What we aren't seeing is that all this performance with FTX was very well planned a couple of months ago. They're driving our trust in decentralized curriencies out of the equation 'cause what they want is to set up the **Central Bank Digital Currency (CBDC)** in words of [Christine Lagarde](https://es.wikipedia.org/wiki/Christine_Lagarde) + +[The reality!](https://www.youtube.com/watch?v=kBVW9T3nxS8) + +I'm still thinking this was just an internal operation to demerit the real power of the cryptos. + +[OMG](https://preview.redd.it/ft2t957su37a1.jpg?width=960&format=pjpg&auto=webp&s=b0c56ac4d8c3a4081e9acf391d9bcb6b484df0d2) +I'm a digital designer living in a midwestern city and I interviewed at an employer located in a bigger coastal city. The interview went really well, and I hope to get the gig after jumping through a few more hoops. + +I have 6+ years of experience and my salary is $54,000. This is a living salary where I am located. Lately I've been questioning whether I'm paid my worth. Now I think I should be paid $70,000–$120,000. + +During our meeting the interviewer admitted that she felt I was "overqualified" for the position. I'd be bringing more years of experience to the team than what the employer was anticipating when they created this position. I believe her concern was that I would be too expensive to hire for the position...the job post required 4 years of experience or a design degree. + +Next she asks what my salary requirements were. My reply: "What is the budget for this position?" Her reply: $80,000–$100,000. + +I sat in shock for a moment. I collected myself and I told her that salary would be on-par with what I was thinking, but I wanted to think about it more. + +We shifted the conversation to relocating depending on how things go with the pandemic. + +I did some quick research and that salary range should be livable in that city, so I'm not exactly screwed. Seems like apples to apples: $54K–$60K in my city = $80K–$100K in coastal city + +However, I want to be paid my worth, and I am pausing at this — the interviewer seemed to be concerned that she couldn't offer me what I'm worth. I was wondering if I am given an offer how to negotiate this salary. + +My first take is to nab the the high range: $100,000. Should I try to go higher? + +I'm weighing a lot: + +* uncertainty of relocation +* my worth +* how to negotiate +* comparing gaps in costs of living +* whether I'm overqualified for a role that is offering me twice what I’m being paid... +* I still want the job! + +Any advice here, Reddit mind hive? + +Thanks, +122anon + +Edit: I expect to work remotely until things with the pandemic calm down, then we’ll talk about relocating. We touched on this during the interview and left it as a conversation we’re happy to continue. So the way I see it is I have months or potentially a year or two to stay in my location before moving to a high cost city. +Okay guys, this is serious. I've tried to get the sub to help in this way before but it wasn't effective. I'm hopeful this time will be different. + +Please note. This is an alternative theory that I think really really needs to be investigated. I'm not 100% sold on this, but I think there's something here. + +I've been thinking about these OTC stocks a lot lately. Zombies going crazy when GME goes crazy. Simply Mac's performance yesterday. We've attributed this activity to these stocks being cellar boxed. But what if they're not? What if we're completely wrong? Or worse. What if we were deliberately led astray. + +What if the activity on those stocks has nothing to do with cellar boxing at all. + +Remember how swap activity is hidden until 2023? Remember how we've seen sign after sign that there's a "meme basket"? Remember how these OTC stocks are now part of the "expert market" and retail is only able to close? + +Well, what if hedgies have figured out a way to create a leveraged basket of "meme" stocks with the entire OTC market on the other side. With retail out of the picture on the OTC side, "the powers that be" could effectively set those stock prices to whatever they want. That's effectively "infinite collateral". You could duck marge all day every day, just run up an OTC for the test, then drop it back down. + +I don't know if this is possible (I suspect it or something close to it is) and I'd really love to get some other opinions on this. I know some of you have done a pretty good dive into these swaps so maybe this will strike a chord with someone. + +Anyway, my theory is that these hedge funds have effectively leveraged the meme basket against the OTC market using swaps. They can run up an OTC stock to pump their collateral requirements on demand since retail is effectively "removed" from this market. + +Oh yeah, also, that would explain why swap reporting is hidden and explain why retail was removed from OTC trading. + +edit: another possibility: Meme's are leveraged inversely against OTC. Pumping OTC's could be there "oh shit" switch, an expensive way to push the meme stocks down by running the OTC listings. There's someone on the other side of every trade. If these stocks were cellar boxed, someone owns the shares. Who owns them? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Schäfer had been living under considerable worry and stress because of the current COVID-19 pandemic. + +"His main concern was whether he could manage to fulfill the huge expectations of the population, especially in terms of financial aid," Bouffier said on Sunday. "For him, there was clearly no way out. He was disappointed and so he had to leave us. That has shocked us, has shocked me." + +Link: https://www.dw.com/en/german-state-finance-minister-thomas-sch%C3%A4fer-found-dead/a-52948976 +If they dropped it by 10% in half an hour and with 1 million volume, to me there is only explanation: THEY ARE DESPERATE. + +HODL AND BUY till mother fukers go bankrupt! 💎 ✋ + +Love you apes! + +Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters.... +If they dropped it by 10% in half an hour and with 1 million volume, to me there is only explanation: THEY ARE DESPERATE. + +HODL AND BUY till mother fukers go bankrupt! 💎 ✋ + +Love you apes! + +Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters....Characters to fill 250 Characters.... +In the Immutable X thread, Robbie said the following when asked about AAA games release using NFTs: + +&#x200B; + +&#x200B; + +[\\"Available to be traded on GME from day 1\\"](https://preview.redd.it/y5cs11bmci191.png?width=888&format=png&auto=webp&s=8d6294268387ea5f062e04cf04e8af6df0f5678d) + +&#x200B; + +This youtube link takes you to a video about the game Illuvium. When I did a a little digging into this game and went to their site ([https://www.illuvium.io/land](https://www.illuvium.io/land)) I see this: + +&#x200B; + +&#x200B; + +https://preview.redd.it/xes1f73wci191.png?width=2246&format=png&auto=webp&s=486a2d8326094fa74b18c4301d8d1984d9f2e12d + +&#x200B; + +[Hmm what else occurs June 2nd??](https://preview.redd.it/431dw2nxci191.png?width=806&format=png&auto=webp&s=f44c59ec686a21b31cf3549cf71e9f53e17c9421) + +IDK much about this game, but it looks like it isn't out yet and will be released soon. And Since Robbie said it was going live with GME marketplace day 1, and the Land Sale the site is hyping is on June 2nd, Does that mean that GME Marketplace will be ready for the June 2nd sale? +Essentially I was working as a contractor and underestimated the amount of taxes I needed to save. I saved 25%, needed more like 35%. I've been on a payment plan for 2 years and haven't missed a month. I'm almost done paying it. I've heard there is some sort of forgiveness plan that waives the fees for first time offenders. Does this apply to me and is there anyway I can find out more about it? +France's Autorité des Marchés Financiers (~SEC) announced it will ban shorting for one month. + +Does putting a thermometer in the freezer solve a fever? Apparently some French people think it helps. + +Source: https://www.amf-france.org/fr/actualites-publications/communiques/communiques-de-lamf/lamf-annonce-une-interdiction-des-positions-courtes-pour-une-duree-de-1-mois +Hey all, + +I hope you are all doing well, with the current inflation rate and hike up of the interest rates, do you have concerns about repayment of your mortgages? +The next few years presenting quite tough situation based on the current highly possible recession. If mortgages of around $600000 30 years term might have a hike up of $1.5-2k monthly. How do you guys deal with it ? I mean it's as much as a requirement for additional part time job . + +I hope you are all good and keeping up. + +Thank you . +My sister needed some help with cash on hand in order to purchase a home, so I gifted her $15k. I wired the money to her bank directly, but it has only been a couple weeks (the money isn’t seasoned). + +Her lender wants the following from me: + +* A receipt for the wire transfer. +* A gift donor verification letter from a representative of my bank. The letter must be on bank letterhead, be signed and dated by the rep. It must be in the exact template provided by the lender. +* A gift letter in the exact template provided by the lender. + +It makes sense for the lender to verify that the gift isn’t an additional debt my sister has. It also makes sense that the lender must comply with the Patriot Act to some degree of due diligence about the source of the money. + +My sister already has the money in her account (it’s in her possession). I’m willing to write a gift letter attesting the cash is a gift. I’m willing to provide a receipt of the wire as an official document printed by my bank. + +What doesn’t make sense to me are the exact requirements. Specifically, the gift donor verification had language requiring the lender to be given access (without my knowledge or presence) to check my bank statements. I spoke to my [online-only] bank and they do not provide a service for the exact template document, either. + +On the one hand, I want my sister to be able to purchase this house. On the other, I don’t want to grant her lender access to my account, and I think they’re making us jump through unnecessary hoops. I wonder if the deal will blow up. + Bitcoin just reached its lowest weekly RSI since 2011. + +The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%. + +The RSI will rise as the number and size of positive closes increase, and it will fall as the number and size of losses increase. The second part of the calculation smooths the result, so the RSI will only near 100 or 0 in a strongly trending market. + +Going on the Weekly charts only, as this is a very long term outlook. Not even the Daily provides this broad of a perspective. + +[BTC Weekly](https://preview.redd.it/7fibhwd15i591.png?width=1443&format=png&auto=webp&s=ce1699b5f5d0fe1d4545cf78942f03b722ba05d0) + +In 2011, just two years after the birth of Bitcoin, the weekly RSI was at 21. The price of bitcoin was $2. + +In January 2015, it hit 27. Price was $154. + +In December 2019, it hit 29. Price was $3150. + +These levels are all textbook oversold values. In the past, every single time it hit these condition levels, it went back to 50 points over the next \~6 months, and hovered around that price for most of that time. After that, it has never again returned to those prices. + +Right now, it is at 26, and this is the most oversold it has been in 11 years. I am buying for the next six months. Merry Christmas. +&#x200B; + +https://preview.redd.it/dkcynuzv66y91.png?width=640&format=png&auto=webp&s=5eb7e27e6e64691dd67f2108017b28baba7b6ed7 + +[View Poll](https://www.reddit.com/poll/yn10ta) +Hi y'all. I'm 24, and to make a long story short, I have a large amount (~$110K) of student debt. Some private loans, some federal. I'm currently in a PhD program so my loans are deferred. My parents have been generous enough to pay the interest on the loans so I'll start with just the principal when I graduate. I'm studying engineering so I do make a small stipend during my studies and if I play my cards right, can earn a reasonably high income after I get my degree. + +Through budgeting and side-hustling (consulting), I've been able to put down $500 a month toward paying down loans as well as $500 a month into a Roth IRA, with some left over that I usually invest or save for a rainy day. However, the sheer size of my debt is a major stressor for me. There isn't much that's more demoralizing than realizing you've already put $10,000 away to pay down debt but will never see that money again - and it could've gone toward a house or a car. It feels like major life milestones like becoming a homeowner will be delayed due to debt. I'm doing my best to keep cutting away, but it's all just too much sometimes, especially when I see people my age living without having to care so much about money. Does anyone have any strategies for working through this? Or better yet, ideas for things I can do right now to pay the debt down faster? +Hello! I need advice on what to do with my retirement account. I'm a 60 yo man who have stage 4 cancer and about to die soon (within this year). Don't have anything left for my wife and three daughters except for my 401K. They kids are minors so will probably get some money from social security. + +If I was to clear out my 401K account now under my name, will my wife have to pay taxes on them when I die? (on 2021 tax return). We are married and has been filed as married jointly ever since. + +Should she file as single or married separately? + +Any help is appreciated, thanks. +Hi! + +I apologize if this is an annoying question, but no one has ever explained to me the logistics of buying/financing/leasing a car. + +I am a college graduate, who moved to a new city for my big girl job without a car and eventually, I would like to get one due to where I am living. I make decent money, but not enough right now to pay for a car, insurance, parking,etc. but I am trying to understand the different ways to get a car (i.e. car loans, leasing, buying pre owned, etc). + +What makes the most sense (eventually), given my current situation? We get raises and bonuses at year end, so I am preparing to better understand my options. I would think doing a car loan on a pre owned vehicle makes the most sense, but from your experience: what is that like? what have been your monthly payments? what did you do in a similar situation and what did you learn from it? + +Thank you in advance! Just trying to eventually make the most responsible decision when the time comes.: ) +Hi! + +I apologize if this is an annoying question, but no one has ever explained to me the logistics of buying/financing/leasing a car. + +I am a college graduate, who moved to a new city for my big girl job without a car and eventually, I would like to get one due to where I am living. I make decent money, but not enough right now to pay for a car, insurance, parking,etc. but I am trying to understand the different ways to get a car (i.e. car loans, leasing, buying pre owned, etc). + +What makes the most sense (eventually), given my current situation? We get raises and bonuses at year end, so I am preparing to better understand my options. I would think doing a car loan on a pre owned vehicle makes the most sense, but from your experience: what is that like? what have been your monthly payments? what did you do in a similar situation and what did you learn from it? + +Thank you in advance! Just trying to eventually make the most responsible decision when the time comes.: ) +I'm a pro trader, so that is not a newb question. I'm really puzzled on why is there much more topics about "trading stocks" rather than "trading futures". + +I can understand why as institutional trader I might be interested in stocks too, but as for retail traders: + +- No significant leverage. 2:1 overnight under $100k accounts, and 6:1 at best with "portfolio margin" accounts + +- Once you do get leverage, you actually pay a lot for it. + +- REPO costs for all your long/short portfolios you need high leverage for + +- REPO availability for retail is aweful... No way to model that with any reasonable precision + +- High fees. Commissions per share instead of notional and minimum comm per order makes stocks under $10-12 trading super hard + +- Liquidity. Even on closing auctions, liquidity on a lot of stocks/ETFs is not great. You can move the closing price easily even with a $50k+ order. + +- Price/L2 Data. While you can get stocks price data for free (yahoo, tiingo, iex, etc...), stock market is fragmented and you're getting a consolidated price feed, so you still have to get quality data to filter only the exchange you're planning to trade on. On top of that, you have to clean it from delayed trade reports and other non-tradable garbage, which makes consolidated volume figures highly inaccurate. Futures are traded only on 1 exchange so you don't have to bother cleaning it that much. + +So why do people still prefer trading stocks vs trading futures? +Hello all, + +I have been working on a bollinger band strategy an was looking to get some feedback on it. I have created this in Tradingview. The strategy is looking for low volatility in price action and then pouncing once price starts to move outside of the bollinger bands. Would love to hear your thoughts on it. I have backtested this strategy on the EURUSD 1 min and 3 min charts. I only have access to the last month or so of data so I would love to hear some results of older backtests if possible. + +&#x200B; + +Enjoy: + +&#x200B; + +[https://www.tradingview.com/script/x6kTAoX5-BOLLY-Bands/](https://www.tradingview.com/script/x6kTAoX5-BOLLY-Bands/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/pb4l03tk06w91.png?width=1496&format=png&auto=webp&s=85fb842f0702d2c5b66ae2ea860f1df4754a10b0 + +https://preview.redd.it/c35zncri06w91.png?width=1495&format=png&auto=webp&s=b65928c0dad04eab2dd562b700320f0455aaf03e +Hello PF! + +I'm sure many of you already understand that the decision to rent or buy your housing is not always black and white. However, I keep seeing a ton of posts about people wanting to buy because "renting is throwing away money." PF usually does a good job of correcting this misunderstanding, but I thought I'd share another tool I found on the subject. + +Khan academy has a fantastic set of videos that covers the differences in renting vs. buying, using a lot of simple math. Videos can be found here https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying. If you are someone trying to decide between renting or buying, I highly recommend you spent a half hour to 45 minutes watching the series. + +I'm sure this has been posted before, so I apologize for the repost! I just think it's a helpful reminder to many who may not have seen it and still think that "buying is always better". + +Edit: Just to clarify, the videos are not advocating that buying is a bad decision. Sal (the narrator) ends up buying a home himself because it is right for him. The point of the videos is the analysis which helps you better understand the decision. +The amount of free food you get is staggering. I get a free lunch every day and take left overs home for dinner. I usually get so much at night I can have leftovers for breakfast. It's all good stuff and already prepared. I swear like 80% of my meals are free. I spent maybe 40 bucks on groceries last month. Just milk and some produce. +Hi, + +I had to find a plumber to do the first and second fix for my kitchen renovation, I had contacted him a few times by email to get a quote but he was taking ages to reply so I called him and he said on the phone it would cost £600. + +He did the first fix last week and had just sent me an invoice to say first fix is £600, and that when I call him to come back to do second fix it will cost an extra £200. + +I unfortunately don’t have anything in writing to say we agreed it to be £600 for the whole works but 100% was not told it would be an extra charge when all my emails I had requested both works to done. He even said it wasn’t complicated and he did all the works within 30 minutes. + +Is there anything I can do to argue that invoice? + +On another note, I had used him the month before to service my boiler as this is first time I owned my own flat (previously always rented) - when I asked him for a certificate to confirm he has serviced the boiler he said they are only given out to landlords and that is for an additional charge, is that correct? + +Thank you, +This happened a few days ago (this last Saturday, 12/8). We checked our bank and noticed our savings account was quite a bit lower than we would expect. + +Sure enough, two days earlier, there was a counter withdrawal for $8500, that neither of us made (obviously). We were able to pull up a photo of the withdrawal slip. It was our savings account number, as well as a *very* poor attempt at duplicating my wife's signature. Neither of us recognized the handwriting. + +They got her first name right, but basically wrote a completely different last name (cursive signature, but still clearly misspelled). I'm guessing they could have drawn a cartoon duck, and it wouldn't have mattered. 🙄 + +And to top it off, the withdrawal was made some 1500 miles away from us, in a region of the US we haven't been in years (Florida... go figure.) + +Neither of us are missing our IDs, and neither of us can figure out how our savings account number (of all things) would be compromised. We don't use it anywhere, for anything. + + +Anyways, here's what we've done so far: + +-Called the bank and reported a fraudulent transaction/withdrawal + +-Filed a police report with our local PD + +-Froze my wife's credit + +-Visited our local Chase branch on Saturday 12/8, and spoke to a manager, who helped facilitate what we did earlier that day on the phone. He also froze the compromised account and transferred remaining savings to a new account. + +As of today (12/13), we're *still* waiting on an affidavit in the mail from Chase. They tell us this needs to be signed before any investigation can take place. So, in the meantime, we're out $8500. + +**So I guess I'm here to ask if there's anything else we should be doing, and more importantly, if anyone has any idea as to how this happened in the first place.** + +I'm assuming someone has a fake ID of my wife...? We were concerned about identity theft at first, but there's been no other red flags aside from this individual withdrawal. No attempts to purchase anything, no credit cards opened, nothing. Just this single bank withdrawal. Obviously we'll continue to monitor her credit closely, just in case. + +Also, I think we're going to switch to a credit union. I don't feel very confident in Chase after this incident. +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +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 discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +A question for all of you here at r/IndiaInvestments. All of us are here as we are compulsory savers, and I suppose this discussion would be useful to everyone. + +Basically, I have the debt part of my & SO's portfolios maturing periodically. I do not need this amount for a period of twenty years ~~till~~ from now (retirement). + +To get the best appreciation from these bulk amounts, how would you reinvest them? In your analysis, you can diversify as much as you choose (but I am shaky on direct investment outside of India other than through mutual funds, and I won't touch crypto). Obviously, though my risk appetite is high, I would also like to at least maintain the principal securely over this time horizon. + +Thanks in advance to all who take the time to opine! +https://www.livemint.com/companies/start-ups/will-zerodha-compensate-investor-losses-caused-by-tech-glitch-1567081489655.html + +> On Thursday Zerodha’s online trading platform Kite crashed for about 25 minutes between 9:55 am and 10:20 am due to a technical glitch, resulting in many users not being able to place orders through the platform. Users and investors took to Twitter in large numbers to express their concerns because this is not the first time such a situation has risen. Users said they’ve experienced similar technical issues in the past during event days--days with heavy traffic. + +> Users posted screenshots of how much they’d lost due to the glitch and some even went on to say that Zerodha should be held responsible and must compensate customers for the loss. A user reported a loss of up to ₹2 lakh because he wasn’t able to book profits due to the black out. But is Zerodha really liable to compensate? + + +If something is mission critical for a customer, they shouldn't really be using a discount broker who is practically free. Not the the regular brokers provide any guarantee, but at least they are making profits so can possibly afford better infra. +Hello there. I have recently purchased a flat, 8th January 2021 to be precise, from the land owner of a society who basically owns half the flats in the society. There's a team who manage sales on the owner's behalf. I recently asked them for the PTIN (Property Tax Identification Number). The team agreed to provide the PTIN only if I pay the tax amount which is about 10k. I'm assuming this is for the assessment year 2020-2021 so correct me if I'm wrong. + +Ideally, should I be paying the full amount or only the pro rated amount for the months Jan 2021(Month of purchase) - March 2021. + +Edit 1: Just checked the status online and apparently the property tax is unpaid for the last three financial years. +Don’t wanna give the whole long story about my trip here, but the summary is that I got extremely lucky to find something I loved doing (making videos) at a young age, got good at it and then sold that skill to the advertising market making commercials for a living. It’s all freelance work so no job security, but I had NO idea there was such income potential. For those curious I was making 485k working 7 months out of the year near the end. I was a natural saver, frugal, got lucky with an equities bull market, as well as a primary residence real estate purchase in LA (which I’ve since sold in exchange for geographical freedom). So here I am with 3MM invested at 80% VTSAX and 20% VBTLX almost entirely in taxable brokerage account. + + +Basically Im taking time off work as I’m feeling pretty burnt out. Not sure, I may even do a dramatic career shift like teaching English out here. I’ve been out here for 6 months now, learning Thai and really loving it. Just going to keep doing this til I feel like doing something else or going somewhere else. The lower cost really helps my withdrawal rate, and logically it makes sense for me to stay out here in the part of the world for 2-5 years to see how the market/recession worries play out. Anywho, for all those “Bored/depressed in FIRE” posts, let me add to the other side. I feel extremely happy. I understand the ennui and boredom cause I feel it at times but over all being FIRE is fucking awesome. If ever I feel bored, I just remind myself of all the places to go and all the things to do that I can do now that I’m here. The sense of freedom is exactly how you would imagine it and I am thankful every damn day that I got so lucky to get here. It’s so worth it!! I don’t tell anyone in real life. Not even my family or closest friends know, so it’s nice to share it with you all. + +Oh! And one tip for those who are FIRE and bored, enroll in a group class to learn something hard! I’m learning a language 5 days a week 3 hours a day and I fucking LOVE IT! Keeps me social, structures my days and stimulates my brain. +Crypto.com has been going insane with its marketing. From Formula 1 to Twitch to the UFC and Matt Damon. So many people see their logo on the daily. It’s probably been the reason why CRO has been rallying recently. It’s great to see crypto adoption spreading in the mainstream and Crypto.com has been spending a lot of money to make that happen. + +I think Crypto.com has the potential to be one of the best and largest exchange out there, I just wish they would spend some of that marketing money to improve their exchange. Get more trading pairs, a better interface, lower fees, easier fiat onramps and they could easily beat Binance. They also have a kickass debit card program. + +Hope they use this opportunity to become a great exchange. +**Upcoming for CYC:** + +* AMA Scheduled with Travlad, +* CMC and CG listings coming soon, +* Insanely active community, +* Mentioned by[ **Del Crxpto** in one of his Twitter Spaces,](https://twitter.com/DelCrxpto) +* Upcoming NFT collection. + +**TOKENOMICS:** + +Supply: 999,999,999 tokens + +Buy Tax 10% / Sell Tax 15% + +💎5 / 9 % marketing + +💎3 / 5 % buyback + +💎2 / 1 % LP + +2% max TRX, 2% max wallet + +**CYC Team:** + +LinkedIn address:[ https://www.linkedin.com/in/mario-cardenas-6b226061](https://www.linkedin.com/in/mario-cardenas-6b226061) + +Mario Cardenas - San Francisco State university student ; economics major + +Experience: + +\- LonelyFans $29m marketcap + +\- CatBoy $5.8m marketcap + +\- altcrusaders $4.1m marketcap + +\- Vtopia $500k marketcap (CEO) migrating to ETH + +**LINKS:** + +Reddit: [r/CatYachtClub](https://www.reddit.com/r/CatYachtClub/) + +TG:[ https://t.me/CatYachtClub](https://t.me/CatYachtClub) + +Website:[ https://catyachtclub.com/](https://catyachtclub.com/) + +CA: 0x98713D3C31f9B89f42E9d8D1dcd2E6F000Da9a86 +Im sure many of you have been hit by rugpulls over the last few days. You can tell by the increasing amount of new shitcoins that dont even have websites or telegram that these piece of shit rugpullers are essentially drying out this method of scamming. + +If something does not have a telegram and an active community, no website, etc.. Just dont invest in it. It will never give you more than a few measly bucks and the risk is too high. + +Poocoin has a tab on how to spot rugpulls, and you should familiarize yourself with how to spot them ahead of time. + +This era of defi is slowly shifting and it is going to be a lot harder to make money on these things. Its unfortunate, but it is reality.. These scammers have probably siphoned hundreds of thousands out of the ecosystem. Eventually everybody will know how to spot the rugpulls and they will move on to the next scam or whatever it is they do. I am so sick of seeing people lose money on these things.. and I have been the victim of many myself. + +Actual projects will start to emerge, I am in one right now (MyKitty, for those of you who are interested) that are actually building a community and have plans for how they are going to grow the project, etc. + + +If you want to join a community that actually want to grow a project [http://mykittycoin.com/](http://mykittycoin.com/) give this a shot. I am not affiliated with them but I am sick of getting rugpulled. + +We probably wont see 100x gains in a few hours anymore.. Those days are over. But that doesn't mean there isnt money to be made in the proper places. + +Good luck out there. +I have inherited a ton of money(several millions) and I’m at a cross roads when it comes to jumping into real estate. I don’t know if I should just spend $3m buying 8-10 homes outright and renting them out for $2000-$3500 each month bringing in around 20-30k a month or if I should finance and get a massive complex with like 36 apartments and a few houses and try to get cash flow of $300-400 each and build up the equity. Personally it sounds more lucrative to just buy the houses outright, but am I missing something? I really don’t know what’s best for my situation and I can’t really find any online videos or books for it. Mostly everything I find is for people starting real estate on a budget. Any help here would be great! Thanks! +Hey all, + +Nothing nefarious going on but we operate a very niche rental business in Washington, DC and have identified a collection of 24 town homes that would be ideal for our program. Everything from the unit mix, to the location to the layout of the development is perfect for us. + +The problem is that we feel that if it got out that we were buying up the town homes that 1) the other owners would be up in arms over putting renters (regardless of how responsible we are in proper screening and taking care of our properties) in and 2) the price of each successive home would increase drastically knowing that we are attempting to buy all of the homes in the community. + +How would you go about buying up these homes that are not for sale without ruffling feathers or driving up your acquisition costs? Would you simply buy in the name of different LLC's? Would you make offers to individual owners or to everyone all at once? +I'm looking to start building a portfolio in rental properties. I feel like I'm close to pulling the trigger but I'd like some general advice. + +What are some of the mistakes you guys have made while building your portfolio? +https://www.bbc.com/news/world-60542433 + +**The EU, US and their allies have agreed to cut off a number of Russian banks from the main international payment system, Swift.** + +"This is intended to cut off these institutions from international financial flows, which will massively restrict their global operations," a German government spokesman said. + +Russia is reliant on the Swift system for its oil and gas exports. + +But the move could also harm Western businesses doing business with Russia. + +Swift, or the "Society for Worldwide Interbank Financial Telecommunication", is a secure messaging system that makes fast, cross-border payments possible, enabling international trade. + +The measures agreed by the US, UK, Europe and Canada also include restricting the Russian central bank's international reserves, the nations said in a joint statement. +I am pretty much torn over SPOT. I have used Spotify, Apple Music, and YouTube Music. I have to say that playlists and recommendations from Spotify are the best. Even though I love using Spotify, I am not sure whether I should put any money into the stock. + +The main issue I have with SPOT is it is the only company in the music streaming game that needs to make money off of music streaming. All the other companies (AAPL, AMZN, GOOG) don't have to make a penny from their music streaming services because all of these companies have way more profitable lines of businesses. Besides, music streaming does not have any economy of scale to speak of. The more users you have, the more music is getting streamed, the more royalties you have to pay out. + +Any thoughts on why SPOT should have a spot in a stock portfolio? +The company responsible for cruise vacations started the day at $12,60 and ended it on $8,80, a reported decline of 33,11%. Is the company in risk of bankruptcy or will they survive this crisis, thus providing a good investment opportunity for the long term? + +For context, two other major players in the cruise industry are Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) dropped a total of 19,89% and 12,47% respectively. +Guten Tag to this global band of Apes! 👋🦍 + +The markets are wild these days. +Nobody seems to have a clear sense of what to expect. +High inflation continues to force interest rates to rise, and the Fed seems very hesitant to remove cash from the system. +Equities are dropping across all sectors, as are the prices of existing bonds. +Housing prices remain high for now, but it won't be long before we see them crash to prices that borrowers can afford again. + +An investor HODLing anything but GME has got to be very concerned at the moment. + +We've long expected that such times would come, and it would be the catalyst that would force the SHFs into margin call territory. +GameStop is well-protected by its massive cash reserves and loyal investors. +The SHFs have no chance of getting out of their short positions against GME. +When the cards start to fall, we will know. + +Today is Friday, September 23rd, 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: **$25.13 / 25,43 €** *(volume: 4684)* +- 🟥 115 minutes in: $25.14 / 25,44 € *(volume: 4432)* +- 🟩 110 minutes in: $25.15 / 25,45 € *(volume: 4367)* +- 🟩 105 minutes in: $25.10 / 25,39 € *(volume: 4278)* +- 🟥 100 minutes in: $25.09 / 25,39 € *(volume: 4278)* +- 🟩 95 minutes in: $25.10 / 25,39 € *(volume: 4250)* +- 🟩 90 minutes in: $25.08 / 25,38 € *(volume: 4230)* +- 🟩 85 minutes in: $25.06 / 25,36 € *(volume: 4140)* +- 🟩 80 minutes in: $25.03 / 25,32 € *(volume: 4140)* +- 🟩 75 minutes in: $24.97 / 25,26 € *(volume: 3826)* +- 🟥 70 minutes in: $24.95 / 25,24 € *(volume: 3814)* +- 🟩 65 minutes in: $25.00 / 25,30 € *(volume: 2390)* +- 🟥 60 minutes in: $24.96 / 25,26 € *(volume: 2390)* +- 🟥 55 minutes in: $25.08 / 25,37 € *(volume: 800)* +- 🟩 50 minutes in: $25.08 / 25,38 € *(volume: 765)* +- 🟥 45 minutes in: $25.06 / 25,36 € *(volume: 761)* +- 🟩 40 minutes in: $25.07 / 25,36 € *(volume: 631)* +- 🟩 35 minutes in: $25.05 / 25,35 € *(volume: 611)* +- 🟥 30 minutes in: $25.03 / 25,32 € *(volume: 256)* +- 🟥 25 minutes in: $25.04 / 25,33 € *(volume: 256)* +- 🟥 20 minutes in: $25.04 / 25,34 € *(volume: 254)* +- 🟩 15 minutes in: $25.05 / 25,35 € *(volume: 229)* +- 🟩 10 minutes in: $25.05 / 25,34 € *(volume: 120)* +- 🟩 5 minutes in: $25.04 / 25,34 € *(volume: 111)* +- 🟩 0 minutes in: $25.03 / 25,32 € *(volume: 110)* +- 🟥 US close price: $24.70 / 24,99 € *($25.09 / 25,38 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9884. 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! +Original post: https://old.reddit.com/r/personalfinance/comments/c4fr1c/checked_credit_report_and_noticed_a_collections/ + +So I was a bit worried about this issue and I received some good advice about what to do, however, it ended up being a pretty easy fix. I filed a dispute with TransUnion and Experian, Equifax didn’t report the account, so I had nothing to file, I’ll check back when my report is updated with them next month. While I was filing with Experian, I decided to give them a call, they told me to call the original creditor to find out if it was a discrepancy with the filing or if it were fraud. Rural/Metro of San Diego couldn’t find any history of the account and directed me to call the collections agency, something I was a bit apprehensive about doing, but I went through with that, and I am glad I did. I called and told them my predicament and how I had no knowledge of the account that they have in my name in collections, the lady at the agency told me everything about the original account, an ambulance picked up someone with my same name at a street in San Diego and dropped them off at a nearby hospital on 10/30/2018. I informed her that I have a time stamp from work on 10/30/2018 and that it couldn’t have been me. She then asked me my birthday, and that’s where we found the discrepancy. Same name, but different birthdays and somehow the account was put in my name. The agent placed the account in dispute, I sent them a copy of my ID to provide my date of birth, two days later, Experian resolves the dispute, and TransUnion was resolved this morning. The account was deleted from both reports. +Good Morning Apes! + +Today could be an interesting Friday we have gamma exposure from Wednesday's run to $250. I'm sure most options bought that day were sold near the top and thus should have little effect but we are still trading about $20 over max pain, which has moved up to 200. OI on weeklies is high and there are plenty of call contracts still ITM. + +[$564m in call volume this week](https://preview.redd.it/8t89rr5avrx71.png?width=493&format=png&auto=webp&s=b0a206f960bfc5e6659ecb75f8a8c490b9797858) + +Another run today could cause a decent amount of Delta Hedging (gamma ramp) given the number of open contracts @ 200-250 + +&#x200B; + +For more information on my futures theory please check out the clips on my YouTube channel. + +Check out this weeks analysis here: N/A + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Pretty slow day nice uptrend from around 11 - 1:30 then a down trend into close, this is typical for gamma exposure covering the managed to keep the price below that breakout range above 200. But, we still closed decently above max pain, The exposure to that open interest will likely play out Monday and Tuesday of next week. Thank you all for following along on here and the stream. Have a great weekend! + +\- Gherkinit + +https://preview.redd.it/61bb3ixv2ux71.png?width=694&format=png&auto=webp&s=ea0d11945d069e0c5bba37ba7163ae28909275b9 + +&#x200B; + +Edit 6 1:40 + +Flat now at 215 instead of 210 + +https://preview.redd.it/eoyf6dqxctx71.png?width=1590&format=png&auto=webp&s=c952111dacb69babbe9a5d72fefb92ddffaa14f9 + +Edit 5 12:28 + +GME bouncing on the EMA looks like it might try to push past the 215 resistance. + +https://preview.redd.it/ntmf8hq50tx71.png?width=1601&format=png&auto=webp&s=8ffd98ba5333efff56e41db7d52042caa779feb3 + +Edit 4 11:27 + +Flat within the 209-212 channel + +https://preview.redd.it/85j02erdpsx71.png?width=1595&format=png&auto=webp&s=e3a68f02f14585d7d09b81ba4abea1c17dcf68f2 + +Edit 3 10:44 + +Found that floor at 210 slow creep back up to the 212.50 strike line + +https://preview.redd.it/7hwgw0kjhsx71.png?width=1611&format=png&auto=webp&s=dc62c6982fdc94e1732087595b465eed66874636 + +Edit 2 10:10 + +Failed VWAP and breaking down, let's see if we find support at 210 again + +https://preview.redd.it/bl9p668ibsx71.png?width=801&format=png&auto=webp&s=8167693697a989642c7aaf985ad7278600a38d09 + +Edit 1 9:49 + +Found some support here at 210 looks good for a turnaround + +https://preview.redd.it/7c9v81eq7sx71.png?width=1606&format=png&auto=webp&s=1bd58585dcb9778e05910df406f97592938f907d + +# Pre-Market Analysis + +GME + 1.15% with 13k volume, low but high than yesterday. + +Shares to Borrow currently: + +IBKR: 200,000k + +Fidelity: 1,190,757m + +also borrow rate slightly up now at 0.7% for IBKR and 0.75% for Fidelity + +Nice uptrend into open looks good for a test of 230 as we have several small gaps to fill to the upside. + +[GME pre-market on the 1m](https://preview.redd.it/g4gi3lvnxrx71.png?width=1601&format=png&auto=webp&s=08d276e97f85b4d3d25a7fd65efa544a2c175ff5) + +Looking for a break to the upside of this upper trend to see any significant movement. + +[GME on the 1D](https://preview.redd.it/qxq73x8lyrx71.png?width=2450&format=png&auto=webp&s=960efc98510b51b3c8e0a0004493edc06bdef10f) + +CV\_VWAP arbitrage is picking up into open + +https://preview.redd.it/96it4v1azrx71.png?width=343&format=png&auto=webp&s=4770b8ca49945e6e372e5abc7837fbf011ff32e0 + +**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.* 😁 + +*\*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/) +[http://www.chicagotribune.com/business/ct-biz-inflation-rates-20180713-story.html](http://www.chicagotribune.com/business/ct-biz-inflation-rates-20180713-story.html) +Like anyone else here, I make my own decisions about my own investments. I don't care to be part of any movement. I have no leaders, nor do I want any. + +This is a forum for people who like buying, holding and talking about GameStop stock. + +People on Wall Street do this every day with many thousands of different stocks, and have done so for more than a century. + +In this forum, there is a mountain of research showing clearly how Wall Street has been manipulating GameStop's stock for years, and continues to do so in broad daylight. + +That criminal manipulation involved naked short selling billions of counterfeit shares of GameStop to dilute it's share price and drive the company into the dirt. Like they did to Sears, Toys R Us, and countless other companies. + +Bankrupting GameStop was the ultimate goal of these naked short sellers. That way, they don't have to buy back the untold millions, perhaps billions of counterfeit shares they sold. + +Well that didn't happen and now some big players on Wall Street who can only be described as *dumb as fuck money*, are stuck in a real doozy of a short position. + +Everybody knows the rules, and Wall Street broke those rules back in January. Because like the inside-traders in the Congress and the Fed, they clearly don't give a fuck about the rules - and neither do the regulators. + +It's painfully obvious to everyone there are two sets of rules operating here - one for Wall Street, and one for the little guy. + +The short sellers made a bet, and they lost. Instead of paying up and having a little less money in their dragon's hoard, more than a dozen of them, including Citadel, Robinhood, and the DTCC, colluded to turn off the buy button on the 28th, and made trades based on the knowledge that this would tank GameStop's stock price. This is an unprecedented crime against retail investors, which again - happened broad daylight. + +These same millionaires and billionaires went on to lie under oath before Congress. + +The SEC has taken no substantial action for almost a year now. + +Nobody went to prison, and nothing fundamentally changed. + +That's all. +I am really curious - If every upvote counts as approx. ~~0.4~~ 0.2 moons, then why aren't people creating bots that will automatically upvote their posts? This can literally generate free money and it doesn't seem to be that hard since there are dozens of sites offering mass upvoting/downvoting for a few dollars. +If it's under $25 million / share, it's a fake squeeze. That's it, it's genuinely that easy, if it hits $10k and drops to $2k it's a fake squeeze, if it hits $1 million and drops to $25k, it's a fake squeeze. + +###IF IT'S UNDER $25 MIL IT'S A FAKE SQUEEZE ### +What do you think about investing in energy stocks this year? I think we will see a steady recovery of some industries in the coming months that were hit heavily by the pandemic. Which energy companies you think will do well and are currently undervalued? I am considering the following: + +MPC +ET +OXY +PSX + +Thanks!! +So I found this communication company, relatively low market cap with a PE around 8, I'd like to inquire if anyone holds this stock because it's not very popular (granted value stocks are mostly not very popular) it seems like a bargain at 10$ per share with a dividend of 0.25$ quarterly, their stock price steadily declined over the last 10 years but the steady cash flow and longterm debt management seems to show that the company has a good board. + +I'll probably end up buying it nonetheless, I'd just wanna know if anyone else actually knows anything about the company that would warrant it going into the "no thank you" basket. +Hello, +I asked this question similarly on some other subreddits a few months ago but never really received any responses. I am looking to get a better foundation for my individual valuations and after seeing the mental gymnastics Ark Innovation did to arrive at the $2,000 price target for Tesla I feel that at the very least these reports will grant a better perspective on most of the overpricing in the market right now. I tried the reports given by my broker, but they seem more like summaries of actual reports than the reports themselves... + +**Edit: Also for clarity I am referring to equity research reports issued by equity research analysts** +Just curious to see what’s y’all’s top 3 go to Valuation Models are that y’all use in excel . Say for instance the top valuation model for evaluating an actual “Value “ company along with y’all’s top model for evaluating a dividend security and predicting its potential dividend growth . Just seeing what the different opinions are out there . I’m currently working on putting together 3 go to models for myself . +I'm curious to hear your thoughts when it comes to Big lots. The company is down significantly (over 75% since the March of 2021) and it is getting close to the levels of March 2020 when the uncertainty with the pandemic started. + +It is now trading below book value (which is pretty much the inventory they own). +For BRK/B, Merrill Edge reports a P/E of 7.7, as does Yahoo Finance, and a current Morningstar report has the same number, rating BRK/B 4 stars and saying that it trades at 0.8 of fair value. + +A July 23 CFRA reports lists a P/E on Oper.EPS2022E of 21.69, although it did have a target price of 355 vs. a stock price of 285.93 on July 22. + +Since Berkshire Hathaway is a conglomerate with operating businesses and positions in traded stocks, there are different ways of calculating its earnings. Which way do you think is most reflective of economic reality, in the sense that you would use the resulting P/E to compare Berkshire with other stocks? +Currently looking at Skyworks as a company to invest in. All financial metrics looks good + +Found the following data from Yahoo Finance : + + Enterprise Value: **28.27B** + + Enterprise Value/Revenue: **5.53** + +Enterprise Value/EBITDA:**13.80** + + Profit Margin : **29.33%** + +Operating Margin (ttm): **32.54%** + + Return on Assets (ttm):**15.17%** + +Return on Equity (ttm): **31.67%** + + Quarterly Revenue Growth (yoy): **37.00%** + +Total Debt/Equity (mrq) : **45.56** + +Current Ratio (mrq):**4.35** + +The quarter to quarter growth isn't expected to stay elevated at these levels, but year to year estimated growth from 2022 to 2024 is expected to be north of 10% CAGR while Forward PE for this company is less than 15 (14.03 according to Yahoo and 13 ish from Seeking Alpha). A slight discount maybe warranted given a good portion of the company's revenue does come from Apple but I don't understand why the stock performance doesn't even remotely track Apple or any of it's customers at all. It's basically sitting at 52 week low at this point. +I have been buying quite aggressively since the start of the year until the present DCAying all the way till now. This includes some stocks I bought before they tumbled in price. Most stocks I have been buying primarily on my Roth IRA while I have been using Robinhood for those that I plan on using options (Wheels Strategy) to earn additional passive income. I have mostly been investing in companies with a long term horizon using primarily a free cash flow valuation but I have also been investing in undervalued companies suing financial ratios such as EV/EBIT, Magic Formula, low PEG stocks, and great balance sheet strength. + +My biggest holdings are: + +Alibaba (BABA) average price is about $130 making up about 10 - 12% of my overall portfolio. I having been buying lately but if it goes down sub $100 I might mostly likely start accumulating more. + +Meta (META) average price is about $200 and makes up about 7.50% of my overall portfolio. I have been actively buying this stock especially anything sub $200. + +Tencent (TCEHY) average cost is about $52.50 and makes up about 6.50% of my portfolio. I have been buying this stock. + +Stocks I have been buying recently: + +WBD (Biggest stock I am buying) - tremendous streaming and cable content. Spinoff and possible turnaround opportunity. + +FLWS (simple business selling various gifts, candy, and merchandise. Not much debt and growing revenues. Growth stock potential. + +STNE (Brazilian fin-tech facilitating digital transactions with socio-economic tailwinds favoring digitization of transactions. Has negative current earnings but has experienced explosive revenues and its earnings in the past has stabalized and gone in the green. I need to read more on this stock but Sven Carlin analyzed this stock this year. + +Stellantis (STLA) - the combination of Fiat and Chrysler. They are a cyclical play so expect lower price during a recession but they have a huge margin of safety. They are currently selling for $12.30 with cash per share at $17.66, book value at $20 and negative net debt. They have an EV/EBITDA of 0.97 and are offering an 8% dividend yield. + +Paramount (PARA) - Similar reasons as WBD but I am not buying as aggressively. I am mostly buying this stock in my Robinhood account to use the Wheels Options Strategy. PARAP (the preferred shares) are convertible. They are offering 14% yield. + +OESX (micro-cap industrial stock) with very low valuations, little to no debt, trading at 1x book value. They provide a lot of LED services to major clients and other lighting work. + +SWKS provides 5g capabilities by offering radio frequency devices to major players particularly Apple which allows for wireless communication. They seem to be in a good industry. + +Fl - Perhaps one of the best retail rebound stocks that pays a good 6% dividend. + +PayPAL - Decent valuations and a known company. Much cheaper than some of their more hyped up counterparts I.E Stripe, Affirm, et al. + +INTC - It's problems are already priced for a discount. + +MU - just starting to add a position. It is basically an oligopoly. + +ZIM - One of the biggest shipping companies in the world with strong tailwinds and industry consolidation. Morningstar estimates it might be about 35% undervalued and is offering a 25% dividend yield. + +VALE - A major Brazilian oil ore producer which is an industry that seems to be relatively undervalued with good dividends (BHP, Rio Tinto.) From a valuation perspective I would go with VALE which morningstar also believes it to be 30% undervalued and is offering a 15% dividend (special dividend I believe). + +SPG - One of the most undervalued REITS with a bit of turnaround potential. I have bought a lot during 2020 but started to accumulate more with the recent pullbacks sub $100. + +Some stocks I am eying on: + +X + +BIG + +FINV + +HEAR + +YUMC + +GOOGLE + +NTDOY + +Any other stock you are buying or eying on? +Hello! This is my first DD and it is on Manulife Financial ($MFC). Here is the PDF link (it had a lot of images which this sub doesn't allow me to post): + +[https://drive.google.com/file/d/1kj9KXH0RElsoPRlavswPjQYruu\_GxCK4/view?usp=sharing](https://drive.google.com/file/d/1kj9KXH0RElsoPRlavswPjQYruu_GxCK4/view?usp=sharing) + +&#x200B; + +What do you think? + +&#x200B; + +Disclaimer: Not a financial advisor. Do your own DD. + +Edit: Update link to have more recent data. +Disclaimer: I own 70 shares of F, precisely because I think it is a great value. I am not encouraging you to purchase it because I think the price will go up even if no other retail investors see what I see. This is not financial advice. Also, if this is the wrong flair I apologize in advance. + +Look at the article below, but also consider that the Biden administration wants all federal vehicles to be electric vehicles & the separate announcement that all federal purchases will be American. I’ll add the links to the announcements this evening if that will be helpful. + +Personally, I think the only real contenders are F, GM, maybe TSLA. I’m leaning towards F, but anyone else looking for a good value might want to do some DD of their own on F and GM regardless of who wins the government contract. I plan on holding F long term. + +I can post some of my DD later this week if anyone is interested in seeing it, but I also want to know what you all think/just throw a stock out there for anyone who wants to practice their research skills. + +[Ford and Google Ink New Deal](https://www.cnbc.com/2021/02/01/ford-and-google-sign-six-year-deal-for-android-in-car-apps-cloud.html) +I just bought Graham’s Security Analysis and have started looking through Buffet’s shareholder letters to help guide my investment strategy. I can help but wonder, what are the lessons for the private business owner? My industry is food manufacturing. +I was just listening to the podcast “Value investing with legends” from Columbia business school, where I learned about “Wright’s Law” of manufacturing efficiency. +For BRK/B, Merrill Edge reports a P/E of 7.7, as does Yahoo Finance, and a current Morningstar report has the same number, rating BRK/B 4 stars and saying that it trades at 0.8 of fair value. + +A July 23 CFRA reports lists a P/E on Oper.EPS2022E of 21.69, although it did have a target price of 355 vs. a stock price of 285.93 on July 22. + +Since Berkshire Hathaway is a conglomerate with operating businesses and positions in traded stocks, there are different ways of calculating its earnings. Which way do you think is most reflective of economic reality, in the sense that you would use the resulting P/E to compare Berkshire with other stocks? +I haven’t done a full deep dive, but I’d love to hear from those who have. I can already tell there will be comments saying it’s a dying retailer, but that doesn’t mean it’s worth nothing. + +- trading at 4X last years earnings +- buying back shares aggressively, bought back over 10% of its shares last quarter and will likely continue +- trading below book value +- revenue and profit will likely see 0% growth if not negative, haven’t really seen forecasts +- the company is consistently profitable, only losing money during covid with stores shut down + +The big issue is it’s long term debt, however it can be fairly paid off with 4 years of free cash flow. + +Is the company expecting a massive decrease in earnings? Why is it trading so cheap? +Hi, +I'm looking to learn from past experiences, and since I've never been through an era like the Great Depression or the 2008 Financial crisis, I would really appreciate if you could share your personal experiences. What was like to invest in those times? How did you react/act seeing big losses, or appreciation? Did you received margin calls? +Thanks in advance. +First of all, I know IPO's are always overvalued but $TOST increase is crazy. + +I'm looking at \[$TOST 10k\]([https://www.sec.gov/Archives/edgar/data/1650164/000165016422000009/tost-20211231.htm](https://www.sec.gov/Archives/edgar/data/1650164/000165016422000009/tost-20211231.htm)). + +When I go to page 140 it says this for their stock options: + +https://preview.redd.it/x5ax8aoi3rq81.png?width=900&format=png&auto=webp&s=c7198492a96a186d3a6a6f98811b7ffc05a7fc77 + +So you can see from the above image that they say their \`weighted average fair value of common stock\` was $17 at the end of Dec. 2021. This presumably means that the 'average' share price of $TOST over 12 months was $17. I.e you take the share price at each month and multiply it by 12. + +Their IPO was on Sep. 2021 at $50\~ a share. + +However check out their fair value average throughout FY2020 from the above screenshot. It was $3! + +Now they have doubled their revenue but that doesn't mean much when FY2020 was a covid year and restaurants tanked as that revenue growth of 100% YOY is not sustainable at all as it's a rebound from lockdowns. + +So the increase from FY2020 price of $3.23 to the IPO price of $55 is an increase of **1618%**. + +Basically what I'm saying is quit your day job and just invest in companies pre-IPO in super hot bull markets and dump it all on retail investors and wall street guys who don't understand tech stocks... + +Did any analyst question this or ask management on their earnings calls? Nah. +Writing a blog post for our community of value investors because I believe that value investing is not dead and will never be. Have an opinion about it +I would like to hear our community of value investors chime in about it and tell me YOUR POINT OF YOU about why value investing is not dead. +After looking through many of the subreddits it seems many look for any excuse to cut China slack and give them the benefit of the doubt while bashing anything the west, or more specially the USA does with respect to economic decisions. + +There are people calling China “smart” for not allowing foreign investors to buy property but at the same time have no problem with foreign investors (mainly China) to purchase rights and production rights in the USA. + +A great example is grain and corn production along the Mississippi River. China owns swathes of production rights and output spoils. Heck they are even stockpiling unprocessed grains in silos along the river. For what reason? Supply an army for invasion through the river? + +Chinas government offers little protection to US patents for anything manufactured overseas. That’s why knockoffs are dime a dozen. Why do companies continue to do business when the factory can be nationalized? + + +And most of all, why are people continuing to use TikTok?! + +https://www.nytimes.com/2022/07/27/us/politics/senate-chips-china.html + +https://www.bloomberg.com/news/articles/2022-07-27/china-us-deal-needed-very-soon-to-avoid-delistings-gensler-says + +https://www.businessinsider.com/chinese-aggressive-behavior-south-china-sea-spark-major-incident-pentagon-2022-7?amp +As we have high inflation and consumer sentiment index being at a recessionary low point, shouldn’t the demand start slumping causing the decrease in inflation? this should ultimately lead to our economy going back to normal. +For those of you who haven't been paying attention, since around midnight EST this morning, Loopring's LRC token (and many others) have been going ballistic. Seriously, like 50% gains in 12 hours. Now if you were a broker handling shorts, you have to worry about the DTCC and clearing houses etc. and eventually if shit gets real rough, you collude with each other to turn off the buy button to make prices come back down. Familiar story, I know. + +But what about Loopring, which is the FOUNDATION of the GameStop marketplace? Be your own bank. Defi > Tradfi. You can't turn off their fucking buy button, Right Anakin? I mean, MarketWatch and Brian Sozzi and the rest of the clown fluffers are salivating for the opportunity to trash the GameStop Marketplace and Loopring right? + +So remember a year ago, when LRC shot up to $3+ and since about this time last year almost exactly (swaps or short contracts anyone??), has been steadily dropping (as with all crypt0) to about $.24 or so as of late. I mean, if you had 100:1 leverage or wanted to take out a 1 year swap on this shit because you knew that you had the time, why wouldn't you? Easy money right? + +Then BOOM. Last night things got spicy. Shit started happening on huge volume. Someone had to buy in. Was it because of Fed rate hikes? Was it closing of short positions? Was it closing of swaps? Whatever it was, at midnight, was not retail. And anyone else that is/was short LRC is in trouble, because now you have to quickly deal with 50% price increases and mama ain't gonna like that. Can't turn off the buy button. And what to do?? Otherwise this could cascade and really fuck up our GrEaT StORmTroOPeR PlAn. + +&#x200B; + +https://preview.redd.it/6ivb1306jyx91.png?width=1112&format=png&auto=webp&s=9382ca3fbc1520a9a5596d609d1d13453418ae40 + +**DDOS attack**. Let's make sure we kill the hype. Prevent the token from approaching our margin limits. Attempt to control the price. And guess what else?? We can also rig the media to talk about the "GameStop Marketplace in Turmoil" or "Loopring Suffers Security" breach bullshit that we all know is coming. But guess what? + +I'm still here bitches. Fuck you, pay me. +This may be obvious, but this only recently dawned on me that FIRE has done an interesting thing for how one needs to think about traditional retirement savings, as retiring early creates two distinct timelines that need specific planning around both: + +1) The point at which the money you have in your retirement accounts can support you and the lifestyle you want to have for the rest of your life when you get access to them at 59.5 years old. + +2) Having enough non-retirement bound income to support the lifestyle you want from the age you are when you RE until hitting 59.5 years old. + +I’m in my mid 30s and my 401k is worth about 600k. I can put literally zero dollars in it for the rest of my life and at an 8% annual return (S&P500 lifetime annual return rate of 10.34 – annual inflation of \~2%), it will be worth $4.3M of inflation adjusted dollars when I'm 59.5. Pretty cool! + +Now my aim is set at funneling more money to my equity accounts and dropping my 401k investment to the minimum % while still taking full advantage of my employer match. Has anyone else had this epiphany? It’s cool to think the game is already won for >60 years old. +🐕 We are taking off! 🐕 + +Welcome to Dogecoinplus🐕, it's Dogecoin but better. + +The $DCP community is getting stronger and stronger and so are the charts. Dogecoinplus is a new token with a marketcap of 175k but it's growing fast. A 1 million dollar MC is highly likely in te next few days. Our dips are getting eaten like guaqamole and marketing is just getting started. The devs of this project are making waves behind the scenes. There's a lot of nice to look forward to, like poocoin ads. + +You are probably wondering: "How could Dogecoin possibly be improved when it's already perfect?" Well, here's the unsarcastic answer: + +- There is a finite amount of tokens (~650T), compared to an infinite amount of DogeCoin, which is inflationary (the more coins you have, the less value each coin has). + +- There are no big Dev wallets which makes it impossible for them to drop the price. + +🐕 Tokenomics 🐕 + +10% Transaction Tax (Buy/Sell/Transfer) +- 5% into Locked LP +- 4% in reflections for Hodlers +- 1% into Marketing Wallet + +🐕 Useful links 🐕 + +🌍 [WEBSITE](https://www.dogecoinplus.org) + +💌 [TELEGRAM](https://t.me/dogecoinplusorg) + +🐦 [TWITTER](https://twitter.com/dogecoinplusorg) +BoA put of a statement criticizing proof of reserves saying it has many shortcomings. I'm not even saying PoR is perfect, but it is a hell of a lot better than nothing, and we also are pushing toward proof of liabilities which Kraken, Gate io and Coinbase have already published proof of reserves with liabilities. + +This is meanwhile funds is the bank require absolutely NO reserves. I'm not kidding. + +&#x200B; + +&#x200B; + +https://preview.redd.it/02dk75jrwc2a1.png?width=786&format=png&auto=webp&s=a2f3e5d1a509b3219aa728e9bbadc73d2fd2d79c + +So basically, (American) banks can print infinite amounts of money with no repercussions, with other countries only partially limited to their lending by their own reserve ratios. As a matter of fact, since COVID, authorities have been actively encouraging bank lending particularly in the US. They cooled their statements on that now that we see the effects on inflation and how terrible easy money was. Imagine if there was doubt in the market and a run of any of these banks. It would be 2008 all over again and probably worse. + +I understand the statement by BoA to be out of fear. If CEXes can prove through math and not any weak flimsy word-of-mouth promises that all funds are backed and there is no debt through higher amounts of liability what would stop people from using crypto, besides only being able to understand it. All the financial freedom with limited responsibility as they could mostly trust CEXes to handle all the security and ease-of-use features. + +All that would be left is to fix Defi hacks. But trustless but trustworthy(through math) Cefi would more than fill in until then and it sounds like a nightmare for banks. Crypto is growing and banks are feeling the pinch. + +[https://www.coindesk.com/tech/2022/11/18/bank-of-america-says-crypto-exchanges-proof-of-reserves-have-too-many-shortcomings/](https://www.coindesk.com/tech/2022/11/18/bank-of-america-says-crypto-exchanges-proof-of-reserves-have-too-many-shortcomings/) + +EDIT: I am speaking for American banks. Some have argued out that banks don't print money like tokens. First of all, I never equated printed crypto tokens to printed bank fiat money. I was not comparing insurance. I only spoke about the topic of reserves. And banks do effectively 'print' money at the behest of the Central Bank(Federal Reserve) based on the reserve ratio which is currently 0. Further, .you cannot accept that Central Banks print money without accepting that commercial banks also again print money because the money that Central Banks print only reaches into the private sector economy *through* commercial banks based on choosing. In essence, commercial banks are part of the whole Central Bank(Federal Reserve) system of printing money. Printed money only gets into individual and business' hands *though* Central Banks the process of which banks almost completely control. This also partially depends on if you view 'printed money' as money created from a fractional reserve system which I'd very such agree that money coming from basically thin air is printed money. +I've just resigned my job and am FatFIREing within 30 days with ~$10M in investments and $250k/yr post-tax goal ([my intro post](https://www.reddit.com/r/fatFIRE/comments/ai0qdn/suddenly_fireing_ahead_of_plan_first_post_intro)). As explained there, I'm behind on FIRE research/planning and am catching up now. The last decade we've focused on earning more and investing strategically. Now that I'm facing the transition to 'withdrawal' mode for the first time, I'm thinking it might be worthwhile to see if there are ways we can deploy capital to cut significant recurring expenses. Essentially, the FatFIRE version of buying down future spend. So, looking at the obvious big categories, I started making a quick list of things to check. + +1. Insurance: (medical, house, cars, liability) can we save by partially self-insuring with higher deductibles? +2. Utilities: calc earn-back on investing in more efficient usage (retool 5k sq ft home, more efficient heat/air, smart thermostats, replace 200 light bulbs with LED, insulation upgrades, solar)? +3. Cable/broadband/phone/mobile: between Comcast, Verizon & AT&T = $5k/yr. Consolidate plans, switch providers, buy boxes? +4. Taxes: Better strategy, upgrade quality of our advisor? +5. Travel hacking: ROI on time-spent? +6. Credit cards: Multi-card / category cash back strategy vs current one card for everything? + +I didn't list paying off debt because we have none. There are more things I could list but I also want to balance time/hassle with savings. + +For example, currently we buy our cars new and trade-in the old at dealers. We shop and negotiate pretty well but suspect over time buying even 1 yr old used cars and direct selling our trade-ins might save as much as $5k-10k / yr (eg $15k lower price + $5k higher trade-in every 4-5 yrs x 2 cars). However, we've never done this and would need to learn how then spend the time to do it. When I was making >$1M / yr working 60 hr weeks, sinking scarce time/energy in this didn't seem worth it, but now it could be. + +I'm curious + +- What things have you improved that were worth the effort? +- Anything that wasn't worth it? +- Any insights on good approaches to increase ROI when optimizing? +- How do you think about balancing time & effort vs savings? + +Edit to Add: In terms of priority, I suspect Insurance and Taxes should be at the top of the list, Cars / Utilities in the middle with Cable/Phone, Travel Hacking and Credit Cards at the bottom and likely not worth the time. +Ok guys my mommy said we can do the sleepover the address is 924 Bel Air Rd in los angeles you can search it up it will be on november 12 my dads friend woren buffet will be there he knwos about stocks and smart stuff please come also my dads other friend whos a girl might come my mom doesnt like her and my dad and the girl make weird noises in their room please let me know if youre coming +A bit of a loaded question, I know. Everywhere on the internet all says the same thing: "youre going to lose money", "90% of people fail at this". Okay, why? I have accepted that I'm going to lose money, and I am still going to eventually go live with trading. What I want to know is, are there mistakes to avoid? Or is it simply a matter of racking up years of experience and not getting discouraged and broke? + +Could any successful traders out there give a checklist of terms/ideas/advice they wish they knew before they went live with trading? +I never buy fresh ground beef these days because I can't justify it. However, the other day, a combination of exhaustion and desperation (or we can just say laziness) I wound up at the grocery store near my house vs. the usual Aldi. + +I was there for just the minimum almond milk and my favorite ramen cups that I can't get at Aldi. In passing through the meat department, I spotted an ultra low number - because, hey, when you're poor, the lowest numbers catch your eye. + +I snagged myself a smidge over a pound of ground beef (by my eye and how it fills the pan) for $0.07! Tickled to pieces I meandered to the register and lo and behold no one batted am eye! + +I'm carrying the high from this Saturday night win into next week bc other than that, Christmas looks bleak. +I know financial independence subs generally tend to be very suspicious of financial advisors, but I've been wondering whether it could be a good decision for someone like me who doesn't know a ton about investing, nor have a ton of time (or interest, really) in learning. + +Context: I'm in my late 20s, \~1.5m net worth, and making \~750k / year. For now, in addition to maxing out my 401k each year, I've just been splitting my investments between "Target 20XX retirement" mutual funds in Vanguard/Fidelity/etc and high-yield savings accounts. This is pretty easy, and so far seems to be working well, but I am a little worried about how it will hold up as I have more and more money to invest. So lately I've been wondering if maybe it's worth it to go to an expert to come up with a better plan than this (probably someone who just charges by the hour). + +&#x200B; + +Any thoughts? +I'm 23 and semi live at home with my 22 YO brother and 14 YO brother. I say semi because I mostly stay around at the GFs. We are looking to move into our own place by mid next year. + +For context of our situation, mum has not been home in a few months. Since grandad passed away, she has stayed full time until now at my nans in fear of leaving her alone, leaving responsibility of the house to me and my next oldest brother. I'm the oldest. As the only one working, I have been paying the electric and gas metre, food etc without any financial support from mum. However, over these past few months we've had lots of different letters in my mums name regarding owed debt, and it's a lot when accumulated. Last week we had debt collectors at the door un announced asking for my mother, I told them the situation, and they left as she wasn't in of course and hasn't been in a while. + +For more details, this is the breakdown of her debts (that I know of via letters): +SSE (Electric) - £4,000 +United Utilities (water) - £1,500 + +On behalf of Lowell debt collection: +Morses - £130 +JD Williams - £200 +Vodafone - £233 +E.on Energy - £260 +o2 Lmtd - £305 +Capital One - £311 + +Now I'm not worried about her general debts regarding loans and contracts etc because I've been told by a work agent that I have no responsibility in these debts. However, the debt collectors that came round were that of the water bill and what he said shook me up a little. He stated that anyone over the age of 18 living in the property is eligible for paying back the water debt and gas/electric. This scares me because I didn't know of these debts before these letters, and I'm the only occupant with anything of value, all of which is in my name with proof of purchase, but I feel they are at risk of being taken. + +A little further information on my mums' stance. I've forwarded all these letters to her, and she has a very relaxed attitude towards it. She says she's never paid these type of bills in her life, and it will "get sorted". I told her my fears regarding what the debt collectors said, but she scoffed at it and said it was just them trying to worry me. I'm very disappointed in her attitude towards debt. She's also used my name and my credit to get furniture which she then refused to pay off halfway through the agreement, leaving me to pay it off and still am. Because she heard somewhere that the company we bought furniture from was liquidated, she had the idea she no longer needed to pay despite the payment plan being taken through Klarna in my name and still to this day insists I stop paying them over it. This is the type of attitude she has towards this stuff. + +So what do you think. Am I at risk? + +Edit: thanks alot for all the support and feedback. I've been reading all the comments and I feel a little more comftable. My GFs parents have said they'd happily accommodate me temporarily till we get a place of our own which we hope will be by mid next year. Despite some.of your concerns I wont be cutting ties with my mother. She can be pretty awful sometimes but I couldn't do that to her but I will make it very clear this is her mess to sort out. I've also made sure my credit is clean via credit Karma. No unknown credit agreements aside from the mentioned above in my name. + +I've also spoke with a DWP worker who tutored me a few years back and he have asserted mostly what has been said here. +Amazon drops 7.5% today after earnings, losing 137.25 billion in one day. This is the biggest marketcap drop in one day. To put in perspective, if markets were flat, amazon alone would contribute 0.3% in sp500, 0.63% in QQQ, 1.65% for consumer disc sector. The drop is enough, in theory, to send 1100 dollars to every us household. + + Only 98 companies worldwide (of which 59 is us) have a marketcap of 137 billion+. In terms of marketcap leaders, apple is 2.4 trillion, microsoft is 2.15 trillion, google is 1.8 trillion, amazon is 1.67 trillion. google surpasses amazon in marketcap due to strong surge as earnings beat expectations by more than 40%. amazon missed revenue and guidance was below expectations. this is one of the few times amazon misses earnings, previous miss was in October 2018, and one of the worst % drops for amazon not including 2000,2008 crash. Also jeff bezos fell to 2nd richest after today's drop. + +In my opinion, this drop is exaggerated. most of the drop is because of sales dropping and bad guidance, but most of revenue comes from retail. But most of the profit comes from aws and ads, and both of the business has accelerated this year. Retail is low margin business, usually 2-3% whereas 20-30% for ads and aws. so aws and ads revenue is 10 times more valuable. People pay attention to revenue as a whole instead of the segments making the profits. If i would break down segments by importance it would be: 40% aws, 25% ads/other, 35% store. I think the aws/ads accelerating would increase stock price so if store was its own company, it would be a 22.5% drop. this drop is unjustified. I would consider to buy this stock but im more of an etf guy, so i dont have a position. + +sources: companiesmarketcap, vanguard/nasdaq site. +The consumer price index was expected to rise 6.7% from a year ago in November, according to economists surveyed by Dow Jones. + +The consumer price index, which measures the cost of a wide-ranging basket of goods, rose 0.8% for the month, good for a 6.8% pace on a year over year basis and the fastest rate since June 1982. + +Excluding food and energy prices, so-called core CPI was up 0.5% for the month and 4.9% from a year ago, which itself was the sharpest pickup since mid-1991. + +The Dow Jones estimate was for a 6.7% annual gain for headline CPI and 4.9% for core. + +With unemployment claims running at their lowest pace since 1969 and gross domestic product expected to show strong gains to end 2021 after a lackluster third quarter, inflation remains the biggest problem for the recovery. + +The Federal Reserve is watching the data closely ahead of its two-day meeting next week. + +Central bank officials have indicated that will begin slowing the help they’re providing in an effort to tamp down inflation. Investors widely expect the Fed to double the tapering of its asset purchases to $30 billion a month, likely starting in January. That would enable the Fed to start raising interest rates as soon as next spring. + +[Link to the CNBC article, written by Jeff Cox](https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +Just curious. + +Is there any particular reason? + +A colleague of mine has invested in two Index Funds - One based on Nifty and One based on Sensex. + + +I have barely seen anyone talking about Index Funds based on Sensex even in this sub +[https://www.moneycontrol.com/news/business/personal-finance/sebi-says-same-day-nav-can-be-availed-only-after-funds-realised-5853781.html](https://www.moneycontrol.com/news/business/personal-finance/sebi-says-same-day-nav-can-be-availed-only-after-funds-realised-5853781.html) + + + +>The Securities and Exchange Board of India (SEBI) on September 17 stated that mutual fund (MF) investors would be able to avail the closing net asset value (NAV) of the scheme, on the day their funds are realised. +> +>**"... it has been decided that in respect of purchase of units of mutual fund schemes (except liquid and overnight schemes), closing NAV of the day shall be applicable on which the funds are available for utilisation irrespective of the size and time of receipt of such application," SEBI circular read.** + +&#x200B; + +Does this mean if I invest in a MF today, I will get the NAV of T+2? +Hi + +I am fairly new to investing. I have seen everyone suggesting index mutual funds above everything else. So I was trying to compare uti nifty with other instruments. +[with Tata Digital Fund](https://i.imgur.com/EESkrAo.jpg) + +[with TCS](https://i.imgur.com/3k56RjI.jpg) + +Are there some other factors that we have to consider while comparing Mutual Fund returns? +Can you guys help me understand how nifty 50 index funds beat every other funds in long run? +Ps - i am a newbie. +Greetings everyone, + +I am a design student trying to redesign the EPFO website to make dealing with Provident funds more intuitive and wanted to understand how this works as I've never dealt with it before. + +So from my research and understanding I've learnt that 12% of the base pay goes to the PF account and is done by the employer. I've read somewhere that employees can voluntarily contribute extra if they wanted but wasn't able to find a way to do this on their website. + + +I've also looked up UAN, EPF number, Jeevan parman no and was lost to see that here's so many numbers....I've heard of something called a LIN number replacing all of the above. + +So I've two questions: + +1. Is it actually possible to increase your PF as an employee? If so, is it beneficial and how can one go about doing so? +2. Would the govt be able to consolidate all these different ID's from different portals and have one LIN number for all of them? If so how soon can this happen? + + +Is there anyone who's had trouble dealing with the website? If so I'd love to hear what went wrong for you. + +Thankyou. +Am American. Am moving to London on a high potential individual visa. Have job offer. + +I'm working out a budget, and - is £2250 (after taxes) a month reasonable for "everything but rent" (excluding savings) living in zone 1-2? (Food, entertainment, transport, utilities - but not travel or savings.) + +That's about $500 less than I tended to spend in San Francisco, so no, I am not frugal, but my impression is that things are less expensive in London than SF. (For a start, I expect to save about $300 a month by not having a car.) +Hi guys, I’m 21 and just graduated. I started my job last month so much first payday was on Friday. + +I want to starting saving for emergencies / a house. + +I commute to work via train (classic London grad) and live at home with my folks + +What is some advice you would give a new grad? I’m looking into a LISA over the H2B scheme. + +I’m also curious about investment but unsure about this as my family is always save save save background + +Appreciate all the help and advice I can get + +Thanks +If true, this is good for those looking to buy. Bad for those who want to sell. The cap on mortgage interest & property tax deduction may decrease the demand for houses and increase the cost of owning. +https://www.forbes.com/sites/kellyphillipserb/2017/12/01/realtors-predict-tax-bill-will-cause-housing-prices-to-drop-in-every-state/#3b4c950030fb +Hey guys. So as the title states, i've inherited over one million dollars. I've lived pretty lower-ish middle class my entire life, and I spent the first 10 years or so of my life in the projects. Anyways, the point is i'm not used to having anywhere close to this much money. + +Basically I really really need some advice as to what to do, as I am pretty lost and stressed. I want to put the money in some good low risk investments that will yield me around 4% yearly returns, which I read online is what I should expect. + +Here are some complications though. I have no idea how to invest at all. My father set up a meeting with Chase bank tomorrow, but i'm skeptical of trusting some random chase employ from my hometown with my livelihood. Is Chase respectable? Do they look out for my self interest? Should I look at big investment firms in NYC or Philadelphia or something? Please give me some advice in regards to this. And although it seems plausible, I simply won't give money to Vanguard or online banks. I'm skeptical of the online aspects of it, and there is absolutely 0% chance my father would be on board with me sending money to an online website. If Chase isn't good, what are some good reputable investment places I should go to? + +I plan on spending around 100k contributing for a home for my family. My father tells me it would be a good idea to invest another 200k and buy a house for myself now, as the real estate market should improve. Is this a good investment? + +I found out about this last Friday by the way, so it hasn't even been a week. + +Any advice would be really appreciated. + +EDIT: It would be cool if someone could reccomend me financial advisers / financial adviser firms in the NYC/New Jersey metro area. + +Edit: I should also add that i'm currently at college. It's a public university and I should end up paying around 60k when it's all said and done. Computer Science Major. + +Edit: I just want to say thank you to everyone who gave me some advice, I really appreciate it now. I have to go to sleep now as I have to get up early in the morning. Basically what I've decided i'm going to do for the short-short term is schedule and appointment with Schwab, and Fidelity. Also convince my dad that Chase is simply after commission money. I'm still going to contribute 100k into a new house for my father and siblings to live. I decided that I'm not going to invest 200k in a house for myself as it seems unwise. I plan on talking it over with a financial adviser, and he will most likely confirm this. Overall I am in a much better place now, and I thank all of you for your advice. Thanks once again. +So it is college application time and we have now had two of our "safety" schools come back and say they will give Award/Tuition reduction $20-$25k a year ($80-$100k over four years) to our child if they choose to attend there. Only requirement on both of them is maintain a 2.5 GPA. Text of both offers (one on each coast) very similar. They also go on to encourage us to send in a fafsa and see if need based support is possible (it would not be for us). + +My only guess is they can somehow sense that they are not the prime choices for our child, know they are a backup/safety, and so are discounting to make themselves more competitive. Both schools compete in a niche sport that our child is a second year captain of the sport they play, but there is no mention of the sport in the acceptance letters. + +The grants really affected our child's perspective on it, as they have fully funded 529s, as the scholarships should allow them the ability to withdraw the same amount of money from their 529s tax and penalty free. We haven't heard back yet from their "target" schools, but I tell you, the school has our attention if our kid ends up with no acceptances at any of their target schools. + +Anyone else experienced having schools give "grants" when you apply and say you won't do the fafsa? +Also, I'm currently working through a reading list a professor I'm shadowing gave me, but I was wondering if there were any sites or magazines I could start following that wouldn't be too hard for me to understand on the subject of economics. + +Thanks in advance! + +edit: Thank you very much everyone! Your feedback has been very thought-provoking, and I've gathered a lot of good information and questions to ask for the next time I see the professor I'm shadowing. +Don't do anything. + +Don't call the SEC + +Don't call the tax man. + +Don't believe anything you read. + +Don't tweet anyone. + +Don't send things to hedge funds. + +Don't be mean to anyone. + +Don't research and dox overseas hedge funds that may, or may not, exist. + +Before you do anything - just don't do it. + +We're being watched. We're being manipulated. We're being played. (Well they're trying) + +When you see something that urges you to action... + +Stop. +Breath. +Wait. +Calm down. +Then don't do anything at all. +Continue doing fuck all until the MOASS. + +Just buy, hodl and vote (if you can) - everything else is distraction. +I read through NUSI’s annual report and am a little concerned that the fund may not be able to sustain its 7-8% dividend payout in a non-bull market. Specifically, from during their first fiscal year ending August 31, 2020, the fund had: + + + +Dividends $327,195 +Interest $1,973 +Total Investment Income $329,168 + +Expenses +Management Fees $241,608 +Net Investment Income $87,560 + +Realized and Unrealized Gain (Loss) on Investments +Net realized gain (loss) on: +Investments $981,316 +Written options ($13,753,059) +Change in unrealized +Appreciation on: +Investments $23,091,411 +Net realized gain (loss) +On investments: $10,319,668 + +This information is on page 35 of the [annual report](https://nationwidefunds.onlineprospectus.net/nationwidefunds/NUSI/index.php). + +The fund earned $329,168 of dividends and incurred management fees of $241,608, for net investment income of $87,560. Meanwhile, they had a realized gain on investments of $981,316, and a net loss from writing options of $13,753,059. From these returns alone, the fund was deeply in the red. + +However, the fund also had a $23,091,411 unrealized gain on investments, which left it with a net gain on investments of $10,319,668. Had the market gone sideways or gone down, its return would have been very negative. + +So in a bear market, how exactly would one expect this fund to perform? I had thought that this would be a great asset in a neutral or bearish market because of its covered call premiums, but these numbers suggest that is not at all the case and it is only the fund’s unrealized capital gains on their underlying holdings that allowed them to post any gain at all. + +Am I reading these numbers incorrectly? I’d appreciate anyone’s insight here. +Hey guys! A Canadian here eh. Been slowly moving out of a high growth portfolio, and looking to add dividend stocks to my portfolio with my returns. Unfortunately for my sake most of the stocks usually discussed here are in USD, which comes with high taxes for us up here in Canada. ***What are some of your recommendations for CAN dividend stocks?*** + +Canadian dividend stocks that I am currently holding include: **$ENB $BCE $GWO** + +Thanks! +I've been reading a lot online and according to my age (26) its widely thought that I should be heavily weighted towards growth stocks instead of dividend stocks (some sites even saying 100% growth). I appreciate the fact that I have time to recover losses etc however surely starting a heavily weighted dividend portfolio makes more sense while being younger? More time for the snowball to grow etc. I know this is a dividend sub so will be biased towards dividends but in your own personal opinion/experience what would you suggest the split between growth and dividend be? + +I've said dividends too much in this post. Dividends. +**V.2** + + + +V3 NEW UPDATED DD [https://www.reddit.com/r/Superstonk/comments/mx9mxv/v3_dtcc_the_final_boss_corruptor_of_markets_dr/?utm_medium=android_app&utm_source=share] + + + + + + + + + +Reposting again for more Dissemination , but more enhanced & readable.hopefully can get some discussion this time + +TLDR included but recommended you read what the fuck has been going on for decades + +we must understand everything and go deeper With the DTCC and Cede, we have to talk about it ! + +&#x200B; + +[GIANT FTD Thread where I got this from](https://cmkxunofficial.proboards.com/thread/2494/stock-counterfieting-dr-jim-decosta) if you have the time to gain all the knowledge about how EVRYTHING IS HAPPENING , how deep a grave the hedges can dig themselves read the whole thread. :) + +# FTD & CNS + +&#x200B; + +When a naked short seller fails to borrow shares to deliver to the buyer, he fails delivery to the NSCC – the intermediary in the trade. So he has a Failure to Deliver (FTD) sitting there at the NSCC – an IOU to the NSCC for shares. The NSCC is in charge of guaranteeing delivery to the buyer, so the NSCC either dips into the SBP (SHARE BORROW PROGRAM) and borrows some shares to give to the buyer, or if there aren't enough shares at the SBP the trade moves “Ex-Clearing” – outside of the DTCC system. + +&#x200B; + +&#x200B; + +“Ex-Clearing” is where the buying broker and the selling broker make a contractual agreement to handle delivery of the shares off-line, outside the system. Nobody polices these arrangements, so there is no way of knowing when, if ever, the shares are delivered – that is between the two brokers. + +&#x200B; + +&#x200B; + +This results in share counterfeiting, as the buyer is represented to have received valid “Share Entitlements” when in fact they are nothing of the sort, until the book-entry shares are delivered – which may never happen. + +&#x200B; + +So share counterfeiting can occur in a number of ways, but always because of the same factors – the buyer’s broker misrepresents invalid “Share Entitlements” as real to his client. + +Pretty simple. It is all driven by Wall Street not wanting to have to give back commissions when shares are un-delivered. So a flood of fake “Share Entitlements” – counterfeit shares – are traded in the system as real, and as long as all the brokers treat the fakes as though they are real, everyone on the industry side of the fence wins big – more trades, more commissions, more shares with which to drive down prices for the large, super-important customers of Wall Street – the hedge funds. That is what is known as creating “liquidity” by creating fake shares. It is pervasive, and the SEC and DTCC refuse to tell anyone exactly how big the problem is, or to divulge the size of the problem by company. + +&#x200B; + +**Everyone on Wall Street – the financial press, the brokers, the DTCC/NSCC/DTC, the research firms, the banks – all have a ton to lose by this being understood by Main Street America.** + +&#x200B; + +The Continuous Net Settlement System (CNS). A system implemented by Wall Street to speed transaction processing, which nets sales against purchases, and against the accounts of DTCC participants. + +&#x200B; + +What does it have to do with the magnitude of the Fail To Deliver (FTD) problem? + +Turns out, a lot. + +Because of the netting, many delivery failures never show up as such at the DTCC, and consequently are never reported. The DTCC literally doesn't know they exist. How can that be? + +Here's an example created by Dr. Susanne Trimbath , PhD, an authority on the clearing and settlement system: + +&#x200B; + +Here’s what happens if you settle trade for trade + +Sell “Deliver” at customer account level (some level below your DTCC account) + +\-100 +\+0 + +\-200 +\+200 + +\-500 +\+500 + +\-800 +\+700 + +i.e., you are short 100 shares at this level, with 200 shares failed to be delivered and received + +Now look what happens at the end of the same day after NSCC Account nets to the -800shares position: + +Seller’s DTCC Free Account + +9,000 + +NSCC settlement: -800 + +Balance after settlement: 8,200 + +&#x200B; + +There are no failures to deliver at NSCC that day because there were sufficient shares in the sellers free account to cover their bill + +Ta-dah! Netting hides the failure to deliver + +&#x200B; + +In other words, Prime Broker A could have, say, 1 million long shares of NFI in their account, and during the course of the day, several of their big hedge fund customers could fail 400,000 shares, and those would never show up as FTDs because the CNS system would net the fails against their securities in their account, essentially netting the fails against shares in their DTC account. + +&#x200B; + +Here's how it was further clarified by Dr. Trimbath: + +"For your question, you need to follow through to the DTC account, where shares are taken automatically for CNS settlement by NSCC. Here, we’re talking about a hedge fund that failed to deliver to Prime Broker A, a specific trade that failed delivery. However, because the “free” shares are taken from Prime Broker A’s account there is no reported failure to deliver at NSCC + +&#x200B; + +If, for example, the failure is in IBM, and Prime Broker A has a ton of shares hanging around the house account, then those get swept up for delivery and there is no failure in CNS. There is a failure in the system somewhere, but the DTCC never sees it. Prime Broker A should be tracking it, we hope, to be sure they get the shares... But there are no SEC rules about Prime Broker A reporting that. (From what I’ve seen in NYSE audits, the Prime Broker A's of the world aren’t keeping very good records on this sort of thing, frankly). + +&#x200B; + +Now what if those are NFI, and Prime Broker A doesn’t have a ton of shares hanging around the house account? Now, there’s nothing to get swept out for settlement and you get a reported FTD from NSCC. This helps explain why smaller companies show up on threshold lists more often + +&#x200B; + +OK, so I get it. CNS nets against the NSCC accounts of the participants, and the only FTDs that are reported are trades over and above whatever each participant has on account, after all trades for the day are netted against each other. + +&#x200B; + +So realistically, delivery failures hidden by the CNS system could be much larger than what shows up as FTDs at the DTCC, given that 90+% of all trades are netted. Literally, most of the issued shares of a company on account at the DTCC via brokers could be used up in netting BEFORE the first FTD showed up as we think of them, or as they would show up on a FOIA request. + +&#x200B; + +Now think about that for a second. + +how much is due to the slop in the system - the CNS hidden delivery failures? Nobody knows. + +So what does that say about market integrity? + +&#x200B; + +Try this one out. In addition to CNS netting hiding the true level of delivery failures, we also have ex-clearing, wherein failures are moved out of the system and treated as a contractual agreement between two brokers - thus out of, or "ex", clearing system. Nobody really knows how large that is, either. And foreign clearing firms also net behind their own curtain, further minimizing the problem's size. + +**Are you starting to get it now?** + +and further consider how much is hidden behind the curtain of CNS. + +How's that for scary? + +&#x200B; + +TLDR : The short way of saying it is that CNS netting could easily be minimizing the apparent FTDs problem by 90+%. . + +&#x200B; + +&#x200B; + +# DTCC & COUNTERFEIT SHARES + +&#x200B; + +The key to naked short selling fraudsters is to get these trades involving the sale of nonexistent shares to “Clear” even though “Settlement” Which involves the “delivery” of that which was thought to be being bought i.e. genuine “shares” or “packages of rights” attached to a specific U.S. Corporation may never occur. The “Automated Stock Borrow Program” at the DTCC allows shares held in “Street name” at the DTCC to be borrowed from an anonymous “Lending Pool” of shares. This allows the firm of the buyer of these nonexistent shares to receive delivery of “something” that at least resembles a legitimate share at first glance. + +&#x200B; + +The problem is that the buying firm is allowed to immediately place these “Shares or share facsimiles” right back into this same anonymous “Lending pool” of shares **AS IF THEY NEVER LEFT IN THE FIRST PLACE. THE BUYING FIRM IS THEN HANDSOMELY REWARDED BY THE DTCC WITH THE CASH EQUIVALENT OF THE SHARES DEPOSITED INTO THE POOL AND CHOSEN TO CLEAR THE NEXT FAILED DELIVERY. THIS WONDERFUL ABILITY TO CONVERT A CLIENT’S PURCHASES OF REAL SHARES OR “PSEUDOSHARES” INTO CASH FOR THE USE OF THE BROKERDEALER PROVIDES PLENTY OF INCENTIVE TO KEEP THE “LENDING POOL” FULL TO CAPACITY.** + +&#x200B; + +THE SELF-REPLENISHING ASPECT ALSO HELPS KEEP IT FULL TO ADDRESS AS MANY “FAILED DELIVERIES” AS THE SYSTEM WILL GENERATE WHICH IS AN INFINITE AMOUNT IF NO REGULATOR MONITORS FOR THE APPROPRIATENESS OF THE USE OF THE “BONA FIDE” MM EXEMPTION FROM BORROWING BEFORE SHORT SELLING + +&#x200B; + +&#x200B; + +*The “Counterfeit Electronic Book Entries” “CEBEs”-electronic book entries at the DTCC without a certificated share in a DTCC vault to justify its existence that result from the lack of buying-in these failed deliveries then appear on investors’ monthly statements as readily-sellable “Pseudo-shares” despite the fact that there is no paper certificate in a DTCC vault to justify its existence. Keep in mind that the DTCC at all times has full visibility of the number of “CEBEs” as well as genuine shares held in their vaults. The “Supply” variable that interacts with the “Demand” variable to determine share price then becomes the arithmetic sum of all genuine paper-backed electronic book entries at the DTCC plus the number of “Counterfeit Electronic Book Entries”. This greatly enhanced “Supply of readily-sellable shares” then interacts with a greatly diminished “Effective Demand” for shares due to buy orders for shares being effectively neutralized by the sale of nonexistent shares into these buy orders resulting in the typical precipitous drop in the share price of the preyed upon U.S. Corporation. This allows the unknowing investors’ funds to flow into the lap of those that sold nonexistent “Entities” but still refuse to cover* + +&#x200B; + +# Dr Jim Decosta Against abusive shorts + +&#x200B; + +Dr Jim Decosta sent many letters to sec trying to change the abuse but we all know sec does nothing. + +but he fought for many years along time ago and he is extremely knowledgeable about all of this thats going on . + +however I can not find much information on him other than his letters + +&#x200B; + +*"As the “surrogate legal owner” of all shares held in “street name” Cede and Co. as the nominee of the DTC subdivision would clearly be empowered to execute buyins when the shares that they are acting as the “surrogate legal owner” of on behalf of the purchaser never showed up. Acting as the “surrogate legal owner” has fiduciary duties attached. Any market intermediary acting as the “surrogate legal owner” on behalf of the purchaser of securities would according to UCC Article 8 “exercise due care in accordance with reasonable commercial standards to obtain and maintain the financial asset”. This “surrogate legal owner” would owe a fiduciary duty of care to the “beneficial owner” of these securities i.e. the investor that paid for them. Cede and Co. was to take on the role of the “surrogate legal owner” of all shares held in “street name” ONLY in an effort to enhance efficiencies otherwise each stock transaction would necessitate the cumbersome transfer of deed-like instruments. It was strictly forbidden to utilize this “surrogate legal ownership” title and role as LEVERAGE over the “beneficial owner” that purchased the shares whom this “surrogate legal owner” theoretically represents. Note that if the investor purchasing securities were to remain the “legal owner” it would obviously be given access to the information revealing that what he “owns” never got delivered. This generous volunteering of the DTC to act as the “surrogate legal owner” cleverly results in the purchaser of shares not realizing that the securities he purchased never did get delivered. Why? In the case of abusive naked short selling it’s because they never existed in the first place.'* + +&#x200B; + +" A bona fide MM would rather sell nonexistent shares at a higher level than at a lower level UNLESS HIS CURRENT NAKED SHORT POSITION HAS GOTTEN OUT OF HAND TO THE POINT THAT COLLATERALIZING AN ASTRONOMICALLY HIGH NAKED SHORT POSITION AT HIGHER LEVELS MIGHT BE COST PROHIBITIVE. SHOULD THIS SITUATION PRESENT ITSELF THEN FRAUDULENT NAKED SHORT SELLING IS OFTEN SEEN AS THE ONLY ESCAPE ROUTE AND A “BLANKET” OF FRAUDULENT NAKED SHORT SELLING IS OFTEN PROVIDED BY THE TROUBLED MM AND ANY WILLING CO-CONSPIRATORS THAT HE CAN “RECRUIT " + +&#x200B; + +[Jim Decosta sec letter](https://www.sec.gov/rules/proposed/s72303/decosta010404.htm) + +[Sec letter 2 Pdf](https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf) + +[google link with many results of his letters -if you're feeling like learning from the master](https://www.google.com/search?q=dr+Jim+Decosta+sec&rlz=1C1UEAD_enCA942CA942&oq=dr&aqs=chrome.0.69i59j69i57j0i433l2j46i433j69i60l2j69i61.4127j0j4&sourceid=chrome&ie=UTF-8) + +&#x200B; + +# Terms + +&#x200B; + +DTCC: The Depository Trust Clearing Corporation – clears and settles virtually all trades in the US. + +NSCC: National Stock Clearing Corporation – subsidiary of the DTCC, acts as the “back office” of a bank, handling debits/credits for stock trades (basically handles the money) and acts as the contra-party in all trades + +&#x200B; + +SBP: Stock Borrow Program – a program at the NSCC where shares are available from the DTC, on loan, to cover temporary delivery failures. + +Self-Replenishing: The SBP is operated on the honor system, and it allows member brokers to put shares into the anonymous pool of shares in the SBP, to loan to the NSCC. It is said to be self-replenishing because once a share is borrowed by the NSCC, and delivered to the buyer, the buyer’s broker is free to put that same share back into the pool, to be relent out again to someone else. In that manner, one genuine share can give birth to a daisy chain of fake "Security Entitlements" at the brokers. + +&#x200B; + + + + +Edit :1 +Share borrow program no longer exist. But corruption and naked shorting is still there. We drive deeper into how corrupt the market really is And house of cards part 2 might shed more light +- + + + + + + + +TLDR: they been corrupt working together for a long time +Rules has since been put in place to stop these and naked shorting all together. However naked shorting still continues and with hedgies working with dtcc they can get away with alot. But since the mess is so big with gme, dtcc is putting an end to it and try to redirect attention + +dtcc loop holes and cede loopholes , hedge funds abuse and sec does nothingits all illegal and been illegal for a long time but nobody cares + +&#x200B; + +lets talk about it now that we are all mentioning the DTCC & CEDE +lets learn together +Hi all, + +I am building my boglehead portfolio and I am thinking about two options: + +PORTFOLIO 1 +90 % - SWRD - SPDR MSCI World UCITS ETF (TER 0,12) +10 % - EIMI - iShares Core MSCI Emerging Markets (TER 0,18) + +PORTFOLIO 2 +40 % - SSAC - iShares MSCI ACWI (TER 0,20) +60 % - VUSA - Vanguard S&P 500 (TER 0,07) + +First option is a well-known EU boglehead classic. Second one is more performance oriented with a tilt towards US market. + +I am 24 y.o. Slovak and currently I can invest 200€/month. I do not consider bonds since I am still young, willing and able to take the risk. + +What do you think? Which portfolio should I pick? Any advices? + + +Thank you! Have a nice day! +I just noticed that popular +[iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983#overview) +has 0.20% TER, although I can get good market coverage by the same provider with twice less TER + +For example: + +USA: [iShares MSCI USA ESG Screened UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?groupField=none&sortField=ter&sortOrder=asc&replicationType=replicationType-full&replicationType=replicationType-sampling&distributionPolicy=distributionPolicy-accumulating&age=etfAgeOne&from=search&isin=IE00BFNM3G45) +0.07% TER + +UK: [iShares Core FTSE 100 UCITS ETF GBP (Acc)](https://www.justetf.com/en/etf-profile.html?groupField=none&sortField=ter&sortOrder=asc&replicationType=replicationType-full&replicationType=replicationType-sampling&distributionPolicy=distributionPolicy-accumulating&age=etfAgeOne&from=search&isin=IE00B53HP851#overview) +0.10% TER + +EU: [iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)](https://www.justetf.com/en/etf-profile.html?groupField=none&sortField=ter&sortOrder=asc&replicationType=replicationType-full&replicationType=replicationType-sampling&distributionPolicy=distributionPolicy-accumulating&age=etfAgeOne&from=search&isin=IE00B53L3W79#overview) +0.10% TER + +Does my logic make sense? +I’m new to ETFs and I’m going to invest for 20+ years + +Additional question: how risky is looking for no name providers with even lower TER? +Hello everyone, +I have an account at IB and I wanted to invest : + +88% IWDA - iShares Core MSCI World UCITS ETF USD (Acc) (EUR) | IWDA + +12% EMIM - iShares Core MSCI EM IMI UCITS ETF USD (Acc) (EUR) | EMIM + +both funds are in Ireland if i'm not mistaken. + +Are there anything I should know as a Luxembourg resident regarding withholding taxes of funds in certain locations ? I have already sorted out my personal taxes but since i read many discussion on the internet about why the fund locations matters, I was worried the Ireland choice would be a bad one compared to funds in my residency country. + + +Thank you for your help and sorry for asking if the answer is obvious. +Have a good day. +Hello everyone, + +*First and foremost I want to tell you that this post will get quiet long. I apologize in advance and a big thanks to all of you who take the time to read everything and maybe can give me some advise. Also, keep in mind that English is not my first language so spelling/grammar mistakes could be possible.* + +Lets start with a little bit of background information about myself. I'm a **23 year old male from Belgium**. I've studied IT and **recently got a job** as a business/IT consultant. I **still live at home** so i got **(almost) no monthly expenses** (An overview will come later in this post). My girlfriend is still in school for at least 3 years so we wont be living alone before that. I also frequently work on Friday evening in a local restaurant as a kitchen helper. I did this as a student and for now i still have the time and willingness to keep on doing this. + +* My **net income** every month is around **€2000**. (Most of the time it is a bit higher but that gives me some wiggle room). +* A **company car with gas is included**. +* A **laptop and phone with subscription is also included** which I may use privately as well +* I have hospital insurance and accident insurance? through the company I work for. +* My company saves some money through a **pension savings account which is around €350-€400/year** (This increases depending on my wage). +* I also have 'double vacation' pay and depending on my work i'll receive a bonus at the end of the year. (This extra money is not included in the budget i will talk about later and i'll save/invest that money when it will come along) + +# My current financial situation is as follows: + +[Detailed overview of my financial situation](https://preview.redd.it/f77d5y23cqo31.png?width=1651&format=png&auto=webp&s=592b3480cf4b108b2e226b9d89da49df2d932cbe) + +[Global view of financial situation](https://preview.redd.it/ptp6kqg9cqo31.png?width=1152&format=png&auto=webp&s=0f24432f29b32ac7e30ce09d121e2d2e94aa2df7) + +* **Savings account** + * As you can see **most of my net worth is still cash** in a savings account. + * €10.000 in a savings account was my **first 'investment' target**. + * I will keep this money in cash as its purpose will be **a real emergency fund when i'll decide to go live on my own**. +* **'Emergency' Account** + * This is a small savings account which has €1000 as of now. + * I keep this money separate and its purpose is that i always have some money around **when i need to make a bigger purchase** or when i want to go on a small trip with my buddy's or something like that. +* **Stocks** + * I made my **first investment last month with Degiro**, that is way the amount is not very high yet. + * **Over time I want to diversify** with a couple of different ETF's. The ones i'm interested in right now are the following: + * iShares Core MSCI World UCITS ETF (IWDA / IE00B4L5Y983) + * ISHARES EMIM (EMIM / IE00BKM4GZ66) + * MSCI World Small Cap UCITS ETF (IUSN / IE00BF4RFH31) + * ISHARES PROP GLO (IWDP / IE00B1FZS350) + * These include the 'standard' developed and developing combo as well as some small cap and real estate exposure. + * I'm **not sure about the percentages yet** but i will probably go for something like this: + * IWDA : 70% + * EMIM : 20% (This may be a bit more than what most people would advise but I think that emerging markets will do better than developed markets the coming years) + * IUSN : 5% + * IWDP : 5% + * For now i'm **not looking in to bonds as i am still quiet young**. +* **Crypto** + * I know a lot of people hate crypto-currencies but **i think it is here to stay so i want some exposure** to it. + * I've **only invested what i am prepared to lose** so please don't hate me for it. +* **P2P Lending** + * This is quiet **a new market** and I feel like a **lot of people think it is too risky**. + * I did some research and **I decided that I wanted to try it out** myself but **I will not put in a lot of money** for the moment. + * For those wondering the site I'm using is **Mintos** and I configured my portfolio with the following rules: + * Spread investments over as much loan providers as possible + * Invest the smallest amount possible for each loan + * Invest only in loans with a buy back guarantee + * Invest only in loan provides with A, A- and B ratings + +# My budget at the moment: + +[My income, saving and expenses for each month at the moment](https://preview.redd.it/mntu39aohqo31.png?width=765&format=png&auto=webp&s=a5ecc3c28285031403884a1bf976361a41141be4) + +* **Income** + * This is the €2000 I talked about earlier. + * Like i said most of the time my monthly wage is a bit higher but that money will probably be put away as cash in my savings or 'emergency' account. +* **Saving** + * Stocks + * As you can see i'm planning to put **most of my savings in stocks**. + * This will probably be **€1300 monthly investments into one of the previously talked about ETF's** according to what my portfolio needs at the moment. I'll probably start out with buying IWDA for a couple of months. + * Crypto + * I want to **buy €10 each 3 days**. This equals €100/month. + * This also **allows me to slowly DCA in case of prices coming down**. + * P2P + * For now i'm thinking about **adding €100 to my P2P lending portfolio each month** until it reaches **around €1000**. After that i may stop for a while depending on the results. + * Cash + * **This is cash i'll at to my €1000 'emergency' account** which will account for possible expenses like buying something more expensive or maybe a ski trip with my friends. +* **Expenses** + * Food + * This is **lunch I buy at work** and maybe the occasional french fries or pizza. + * Fun + * This is money **I allow myself on stuff like going out** or other fun activities. + * Holidays + * This is money i put aside each month for the **yearly summer trip with my girlfriend.** + * Sport + * This is the money I pay for my **gym membership.** + +If i manage to keep this budget, this is what my portfolio would look like **by the end of the year**: + +[Portfolio end of year forecast](https://preview.redd.it/24bcz1wakqo31.png?width=387&format=png&auto=webp&s=09fde2a7126b72b8ed8ef9f00781da94ce53aae1) + +[Portfolio end of year forecast](https://preview.redd.it/y1249q58kqo31.png?width=636&format=png&auto=webp&s=05870443e712cf4c7624fb43321c1953e2fbb538) + +Please note that this **does not take the swings in to account that come with owning stocks and crypto-currencies.** I wanted to add this to show that although crypto is quiet a big part of my portfolio now, stocks will soon take over. The same is true for the cash port of my portfolio of course. + +# Questions + +* Feel free to tell me about any concerns or advise you have on my budget or investment plans. There is a strong possibility that there are things I haven't thought about yet. +* What should i do if i want to buy a house in the future? Sell some/all of my portfolio for cash? That does not feel good since I want to invest for the long term. +* Should I be scared of a possible looming recession? + * Should I think about bonds the hedge against this? +* Should I be scared of currencies like the EURO or US DOLLAR going belly up? +* Should I do something different? +* Should I ask other questions that I did not think about? + +&#x200B; + +I big thank you to everyone who got this far! + +Have a good day! + +Milati + +&#x200B; + +EDIT: + +For now I have decided to re-arrange my savings to the following amounts: + +* Stocks: €600 +* Crypto: €100 +* P2P: €150 +* Cash: €750 + +The reason for this is that I still want exposure to stocks but I can see a good argument for a recession in the next 5 years. Let's say markets go down a reasonable percentage in the next couple of years i'll have more cash available to average my way down and buy at better prices. If this is not the case i'll still have the returns to show for it because of my monthly investments but i'll also have the cash available to maybe start looking to buy an apartment/house. + +One more question that i'll have now is what the best option is to do with this cash? Should I just put it in a savings account or are there better (save) options with easy accessibility to my money when I decide I'll need it to buy a property? +Inspired by the user u/murakamifan I started by visualizing my own financial year. + +Some important notes are that I recently turned 18 (end of November), from the Netherlands, still live at my parental home and I am a first year student at an applied university. I do have a side job which is currently around 20 hours a week and due to the fact that I have a single parent I am able to receive subsidies from the government to pay for my education. + +[Sankey diagram](https://i.imgur.com/hPg6620.png) + +Some keynotes + +* I am taking out loans from the government which are at 0% interest and putting it aside for my future education. +* At the moment I am not paying for my own education its paid my family. +* The high electronic spending comes from a new laptop and an upgrade for my desktop. +* Essentials such as clothing and food are paid for by my family. +* The refunds mainly come from my planned holiday which was cancelled. +Hi, + +My wife and I are planning to start investing our savings (long term) and since our experience is limited, I'd like your opinions if we're doing it cleverly. + +I have been reading posts here for quite a while so I know I should diversify our portfolio. So here is our plan: + +We live in Germany, will be using Ing and are planning to invest \~18.000,00 euros divided in: + +* Vanguard FTSE All-World UCITS ETF (USD) Accumulating - ISIN IE00BK5BQT80: 8.000 euros +* Lyxor MSCI World Information Technology TR UCITS ETF - Acc (EUR) - ISIN LU0533033667: 4.000 euros +* VanEck Vectors Video Gaming and eSports UCITS ETF - ISIN IE00BYWQWR46: 1.500 euros +* iShares Nasdaq US Biotechnology UCITS ETF - ISIN IE00BYXG2H39: 1.000 euros +* Amundi ETF Government Bond EuroMTS Broad Investment Grade 1-3 UCITS ETF EUR (C) - ISIN FR0010754135: 3.500 euros + +The last one I got from a suggestion from the strategy builder from justetf. I believe they're less risky, so I expect to earn less from it. What I'm not sure is if we should invest in gold (Xetra-Gold - ISIN DE000A0S9GB0). From what I could see in the long term it is growing historically, how much and from where should I take to invest in it (if you'd do it)? + +We're going to be adding around 2k euros per month that for now we're planning in distribute proportionally in those ETFs. + +Side questions: + +* Does it make any difference where the ETF is domiciled in Europe? +* We bought a property recently and we can pay up to 5% off our debt yearly. Does it make sense to take some of the returns+invested money yearly to reduce our debt? We have financed \~500k in which roughly 280k at 1,5% interest and the rest at 1,08% (subsidies from government for energy efficient housing) + +Thank you very much for any input. +Hey +Im 26 years old leaving in east Europe (Poland) +I can safely say that I earn monthly about 2.2k € monthly (netto). +I can save half of that per month or even more when I decide to stop buying pointless things (😬) +Im wondering what I could do or where can I invest the rest of my funds for them to make some money. +As You all may know the polish currency is going down simply day by day (by prognoses the inflation will hit 10% this year) +I dont want to keep saving this money and wasting it by it getting lower and lower +If I did something wrong with the post or something let me know :) +I guess my montly expenses will be around 1.1k€. +I bought new car this year for roughly around 5k€, did all the mainteance it needes this year (around 2k€) +I work from home for now (this year im getting a promotion at my job, probably around june which will promote me to a regional manager with his own office in my town - this will give me probably around 500-800 € more monthly starting from that point) +Please let me know if You need more info :) +Hey +Im 26 years old leaving in east Europe (Poland) +I can safely say that I earn monthly about 2.2k € monthly (netto). +I can save half of that per month or even more when I decide to stop buying pointless things (😬) +Im wondering what I could do or where can I invest the rest of my funds for them to make some money. +As You all may know the polish currency is going down simply day by day (by prognoses the inflation will hit 10% this year) +I dont want to keep saving this money and wasting it by it getting lower and lower +If I did something wrong with the post or something let me know :) +I guess my montly expenses will be around 1.1k€. +I bought new car this year for roughly around 5k€, did all the mainteance it needes this year (around 2k€) +I work from home for now (this year im getting a promotion at my job, probably around june which will promote me to a regional manager with his own office in my town - this will give me probably around 500-800 € more monthly starting from that point) +Please let me know if You need more info :) +I have a job offer to move to Amsterdam, I like the job, the workplace and the team seem nice too, but the issue is I only have 1.6k€ in Fiat. I was thinking of getting a small loan of 5-7k for Rent Deposits, and other relocation expenses so I don’t sell my investments. Do you think it will be a dumb decision to do so? + +Just some info on the job, it’s 39K with Holiday Pay so 36k Base Pay (Gross). + +Looking to hear some of your thoughts. +Hi all, + +Looking for some opinions when it comes to buying vs renting property. What are the main factors to look at when it comes to this? Would you buy or rent property, considering that you would have to take a loan for at least 20-25 years? Why and why not? +I hope all you shit talking ape retards that made adderall fueled trades on retarded meme stocks over and over again paid attention and closed out positions in December. Because if you didnt I highly recommend you open up those 1099Bs and start figuring out what you owe hahaha. Ya'll gon' learn today. + +Positions: $0 strike puts on 90% of WSB users. + +Edit: + +Since there are so many questions and false statements in the comments (like claiming if you lost money this didnt apply to you) , ill just post some info here so people can actually learn about this shit. + +Wash sale primer: + +https://www.schwab.com/resource-center/insights/content/a-primer-on-wash-sales + +And here is an article of what can happen in a very extreme case if you don't pay attention and just keep popping amphetamines and trading like crazy. This is a super isolated event and he is king among retards but should serve as a nice jolt to properly manage your brokerage accounts, socially heading into the end of the year. + +https://www.google.com/amp/s/thehustle.co/09082021-wash-sales/ + +Edit 2: there's rarely any education on this sub, this post was to bring awareness to a little known, usually little dealt with issue. If this helped raise any awareness and educated some people, then it did its job. To some of the dickheads wanting a dissertation and saying im incorrect, this wasnt a dissertation on wash sales. This was to give a heads up to probably thousands that are gonna get bit or just barely avoided financial hassle. And from what I've seen in the comments some people got bit. Ive seen at least 2 people that owe insane amounts on wash sales despite having posted losses for the year. This may not have been common or applicable in the past but with the amount of new retail traders with no experience in the market, thats changed. + +Edit 3: thanks for the awards retards, but save your money for more degeneracy in 2022! +I am currently with Commonwealth bank, I chose them mainly due to CommSec and because it's one of the big four. Two years later (yes, way too long) I realized that the interest on their savings accounts were total crap (0.5%). + +Therefore I thought of swapping to a bank with a high interest savings account. I was thinking of Me (2.85% if you dont make any withdrawals) and CUA (2.70% and you can make withdrawals). Are there any other banks you guys would recommend? Are these banks any good? + +Cheers + + +Edit: you can make withdrawals with Me. +So at the beginning of the pandemic we (family of 4) moved to Mexico to save money and work only a few days a week. Came back to the US because i was tired of waiting at the border for work. We have been in Central Florida for 3 months now and have to be out of this airbnb Oct 1. No airbnb available under $2k/mo for the winter. We both work full time. I have quite the criminal career with non violent felonies from over 10 years ago. What do I do? I cant afford to just go around paying $75-$100 application fees to be told no. Im going to end up in a $500/wk shitty weekly rate motel until income tax time. I cant take my kids to a place like that. My family will do a guarantee on the lease if we dont earn enough. Any ideas? Public Housing? I cant sleep im so stressed out. +And how many are retail traders? + +I used to run an FX desk in London and reading some of the stuff on here fills me with trepidation. Traded mostly NDF's and options. Rarely deliverable unless a customer requirement. + +Willing to help anyone and share my personal views on the market via PM or on this thread. + +No general focus on currencies but I have preference for trading ZAR and TRY. + + +I feel like giving up, I have been trading for close to 2 years now what am I doing wrong? I know almost everything that needs to be known and use pure price action, should I give up? +I have noticed that VWRL is a massively popular global fund and that most people predominantly when looking at investing are in it for the compounding over the long term and VWRL is up there with one of the biggest GFs + +I understand VWRL and VWRP are essentially the same fund with RP being an accumulating and RL as a dividend. + +There is minimal information on RP and I believe it may be because its not on Vanguard where many invest? + +My question is mainly why do many favour VWRL when there is an accumulating version and tje general consensus is accumulating is 'better' + +Also if they are the same fund, why are the charts/daily and weekly graphs so different? +Hi everyone, + +In a slight dilemma, I have a good chunk of my money already invested in some funds and shares. With a regular portion being invested each month. However, I have a Lifetime ISA which currently has 5K available in cash. As the stock market is on a downturn I am torn between using this for investing or a first piece of property. + +By next April I would be able to have 15K available for a deposit, or I could delay this and invest and hold throughout the incoming Depression and potentially make a good return. + +Do you think the housing market will crash enough by next April to make it worth it? +I'm looking for a website or app that I can type in the stock/ticker then type in the £ amount I have in that stock. Once I've done that for all my stocks it will work out the percentage each stock is of my overall portfolio and will update £ amount and percentage in real time. + +Thanks. +I have been contemplating on whether to buy stocks of Associated British Foods. It seems all their products are vital, hence, would not have a significant reduction in demand due to to inflation and the recession. They are, however, fighting the rise in costs like any other business. They seem to have a reasonable price to earning ratio just under 14 and they continue to pay dividends. It seems like a value stock - as it has been profitable and fairly robust as business in the current circumstances. + +However, I am failing to understand how and why the stock price of ABF has dropped over the last 7 years since its peak in 2015. I know there was a lot of hype around the growth stocks last few years and it is likely that value stocks, like this one, often got overlooked by the investors. + +Do you think it is reasonable to believe that there will be a trend reversal in ABF stock this year? As in, would people move away from less profitable growth stocks and buy in on more profitable value stocks in order to be on the safe side through the recession? +Hi guys, I am brand new to investing and have spent a good week going through all of the recommended readings and videos (as much as I could and will continue reading more). I also have been reading most of the posts on here daily to keep learning more. + + +I am struck however by how many people aren't following what seems to be the simple advice of creating a portfolio consisting of simply 1-3 index trackers (global) and some government bonds with different percentages highlighting your risk ratio. + + +Most posts seem to be porfolios with loads of different stocks and discussing what to buy and sell, do most on here think they can beat the market or is it just more enjoyable to play with? +So I've been enrolled in my company's sharesave scheme for the past year-ish and re-enrolled this year too. The scheme runs on a rolling three-year basis so I've got 2 years until the first scheme matures, so I'm very much just thinking ahead right now. + +At today's closing price, if I were to sell I'd make a ~45% profit. Though my company's share price is fairly volatile and is only up 1% from 3 years ago. So that 45% gain really only represents my 20% discount plus the recovery since last year's flash crash. Kerching, kinda. + +Even though I'm 2 years away I'm trying to decide now what I'll do, so I can make some plans around it. + +Assuming the share price doesn't nosedive over the next two years, I think I have three options; + +1. Buy the shares at the cheap price, hold them, and enjoy some dividends twice a year while my pool of shares grows every year as the scheme continually matures and renews. +2. Sell the whole lot, take the profit, and just funnel the cash into my ISA or towards a house deposit and a holiday etc. +3. Recoup my initial investment and "let the profits ride". + +I like the sound of all three. I like the idea of my company paying me dividends on top of my salary, it's how a lot of people at my company have made a lot of wealth over the years. But I also appreciate the fact that it's a bad choice for diversification, considering if my company fails for some reason I lose my job and thousands of pounds in savings... + +Additional thought is whether I renew the scheme at all next year. Say I enrolled three years ago, I'd have made a 20% profit, but that's got to be below the returns on just taking the cash and putting it into my regular global tracker... What's to stop that happening again? + +Just wondering what other people do? + +Mods: This may be a better question for UKPF. If so just let me know! +Hi All - I've been using OpenInsider for US Stocks for a little while which parses the SEC Filings. I know there is similar for the UK Market - For example [https://www.sharecast.com/uk\_shares/director\_dealings](https://www.sharecast.com/uk_shares/director_dealings) + +What is the source of these? Where do they come from? I'm guessing there is an equivalent of SEC Filings for the UK? I've googled but haven't got very far. + +Thanks +My mom has a heart of gold. When we were young as a single mom she tried to go back to school for a 2 year program. She attended the whole 2 years and graduated but the college was as bottom tier/borderline scam ish as you can get. The degree didn’t really do much for her but they were sued by other students (or so we think) and my mom fell on some hard times with her health and mentally. She couldn’t repay her college debt which is now in collections at a total of $26,000. She doesn’t make much money these days and is wondering where in the world to begin looking around to see if the government forgives debt from a shady college like that. Google is a bit tough, “eliminate bad college debt” returns debt consolidation programs. + + +Any insight or guidance I can give her? + + +Edit: THANK YOU ALL for viewing this thread. It’s actually getting attention (my threads usually suck lol) so because of the views it’s getting I’m going to provide more detail here. Here it is... + + +The college was Cambridge College in Washington State. I believe sometime around 7-8+ years ago (estimate) they closed up campus and went to California under a different name. It was a for profit community college with probably 100-200 students max, and for example, sometimes the teachers (often around age 25-30) would be “upset” at the college and sometimes refused to teach for weeks on end and would just hand out cheap printout papers and say review this for today’s class and wouldn’t do much. Had I been older and more wise I would have tried to take action on her behalf and I think she was too preoccupied with trying to survive as a single mom to even consider taking on her college. Naturally that causes a lot of anxiety. + + +Her debt was about $8k which unfortunately she let grow to $26k after maybe 9-10 years of interest and she’s been through some rough patches. Obviously not a great decision but I feel for her for reasons I won’t get into. + + +They’re garnishing her wages now for the debt. I stepped in and called the debt collector hoping they’d settle for near the amount of the original debt but they say no - they never consider even a dollar of settlement and can’t do that. They need the full amount. + + +At this time after a few months of $300/mo garnishments/payments for 11 months straight (hard on her barely making it budget and her small apt) apparently the debt is being sold to another collector, I don’t know the name yet. + + +She’s working full time now enough to cover a small apartment. Her rough times weren’t necessarily due to something the government would cover. An absolutely shitty abusive relationship (he even tricked me and I’m not easily tricked) followed by some rough years, and a medical issue that put her in pain for a few years, and generic single mother stuff. I’m assuming that’s not serious enough to be factored in here. + + +So that’s the breakdown and outside of this thread we’re not sure where to go or if it’s even worth pursuing. Thanks again for even reading this. + 🚀👻OUIJA COIN👻🚀 + +&#x200B; + + OUIJA COIN is the first coin to combine the spirit & crypto world! 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OUIJA CASINO coming soon! + + + 👻 BNB REWARDS + + 🎮OUIJA game + + 🏞NFT’s + +🏆Contests + +💸GIVEAWAYS ➕MORE! + + + 💎9% BNB REWARDED to holders + +👻5%Marketing + +💦6%LIQ + +‼️We will use some of the marketing funds to buy OUIJA and burn them! + + + 📲Telegram : [https://t.me/ouijacoin](https://t.me/ouijacoin) + +🌐 Website : [www.ouijacoin.net](http://www.ouijacoin.net/) + + 🐦 Twitter: [@ouijacoin](https://www.reddit.com/user/ouijacoin) +I'll start by saying, I am long time index fund investor who previously didn't really dabble with the market outside of funding my 401k for the last 15 years. I joined thetagang late last year and it's been great - easily one of my favorite subs. + + +I've seen a lot of people do well and earn great returns, but what continues to echo in my head is the advice that an average person can't expect to beat the market over a long period of time. + + +And here I am, actively monitoring and managing my spreads and wheels, taking my premiums, but wondering if all of this is a waste of time in the long run (although it is fun, which has its own sort of intangible value). + + +Keep in mind, I am an inexperienced options trader, I sort of know what I'm doing but I'm terrible at doing my own DD and doubt I am making the "optimal" moves most of the time. + + +I'll end this post with the question from the title: **Is anyone else de-motivated by the notion that, over the long term, you aren't expected to beat out the returns of a broad index fund?** +I sold a bunch of March 21-26 CSPs $30p, $26p and $23p last week for the juicy premium. They are in the red now because of the drop end of last week. With earning coming up IV drop is on my side but ER could be bad plus the lock up could send the stock down further. I don’t mind owning the stock at sub $30. + +But what do you guys think the best play here is to maximize return? + +1) get assigned if dropped then sell covered calls. Will I get assigned before March or need to wait until end of March? + +2) Roll out and down CSPs + +3) Credit spread after IV drop + +4) other option? +Enough is enough. I am sick of seeing people getting their hopes up, following their idols or whatever on Twitter and listen to them religiously while they are shilling the living shit out of the shitcoin which they are getting paid for. + +These influencers are putting the whole cryptoverse into shame with their shameless actions. Their rewards are so fake that it's ridiculous. No-one will send you 1 eth if you send them your wallet, like and sub and screenshot. Don't fall for it. + +Are the followers fools? From my point of view, yes no doubt but I've been in the crypto for a long time and they likely just heard their hero on the internet talking about a big opportunity to get rich. And many of them are just kids. + +Are you missing a good deed this year? Go and report these assholes on Twitter, IG whatever. +TLDR: Wallstreet bets crowd sourced portfolio returns 43% annually + +&#x200B; + +Hi all, + +Pretty sure you guys are gonna roast me for this and redirect directly to r/investing + +So, i got a bit carried away/ inspired by the wordclouds posted on here. + +I just scraped the last 1000 threads from here, posts + titles and comments. + +Then, I grabbed out all the identifiable stock tickers, along with a count of the times that ticker had been mentioned. + +Note i have not included all found tickers purely for the sake of brevity. + +https://preview.redd.it/eo6vofsidg341.png?width=370&format=png&auto=webp&s=5ccf692ad52f4e18198d44c7e341fa0e5b62eabb + +Next, my autism kicked in. + +So, I grabbed all the stock prices, where the asset was accessible; + +https://preview.redd.it/4du6jroc6g341.png?width=2772&format=png&auto=webp&s=c9d8ce1d1b0c81ced08a95b8ff23f673b24b322d + +&#x200B; + +Daily returns of the stocks; + +https://preview.redd.it/9q3b2jom6g341.png?width=3126&format=png&auto=webp&s=2d4df8eda97b114d3fdee28aad0b8bc7555cb9c9 + +&#x200B; + +Next step was to Monte Carlo up 100k portfolios of random weightings. Check the risk v returns of these portfolios below. + +&#x200B; + +https://preview.redd.it/5frtmr239g341.png?width=1586&format=png&auto=webp&s=2c76a80ff5414dfe2983ea5839f8fd3d8643f3b0 + +&#x200B; + +[Sharpe Portfolio](https://preview.redd.it/rd9co0ofcg341.png?width=350&format=png&auto=webp&s=a40333f8d3f5b3ff2647a4a1e7a04d9c3725eca2) + +Let me know what you guys think, if requested i will share the code along with a more complete set of portfolios +So like the title says i'm having a hard time approaching my roommate about organizing our financials. Both of us want to go to japan together eventually and at the rate we are going its just never going to happen unless we do something about it. We both earn 80K+, combined its like $170K a year. We both go paycheck to paycheck and its frankly ridiculous. More context we are both single, no kids or partners and in our late 20's. + +We are renting and don't have that many bills. Just buy a lot of crap and take out lol. I've decided to pull the reigns on this big time this month and slash all frivilous spending and actually make a proper budget. However for him i've suggested these things but hes always "too tired" "too stressed" or "not in the mood". How can i get through to him that we need to be making smarter moves about our money if we want to make this trip to japan happen? + +Are there any tips or tricks for approaching him on this or should i just give up and let him do his own thing? +Okay, so I wrote up an article that's a step by step idiotproof guide on how to get started with investing. It's aimed primarily at uni students who otherwise don't know too much about personal finance, but ought to be applicable to anybody. Feedback and/or criticism is welcome! + +https://docs.google.com/document/d/1GbH4o-k4D2IxQLZusvA01wQZ0cfh2gEf1lTFM9iAN8Y/edit?pli=1 +https://www.restaurantbusinessonline.com/technology/grubhub-uber-postmates-accused-antitrust-violations + +A lawsuit filed this week by a group of restaurant consumers accuses third-party delivery companies Grubhub, Uber and Postmates of antitrust violations resulting in inflated menu prices. + +The class action suit alleges that high commissions charged by the platforms force restaurants to charge higher prices. In turn, the platforms’ strict pricing restrictions essentially lock in those prices across the board. + +The result, says the suit: “Any restaurant using any defendant’s platform charges all of its customers supracompetitive prices.” + +The three platforms named in the lawsuit made up 54% of third-party delivery sales in May, according to consumer analytics firm Second Measure. DoorDash accounted for most of the rest, with 44% share. + +Earlier this week, Uber acquired Postmates for $2.65 billion in stock. + +The lawsuit zeros in on pricing restrictions known as most-favored-nation provisions (MFNs) imposed by the three platforms on the restaurants they work with. The MFNs, to varying degrees, prohibit the restaurants from charging lower prices through other channels, such as competing ordering platforms or the restaurant itself. + +“Grubhub and Uber’s MFNs thus effectively fix the end price that consumers pay when they order through restaurant platforms,” the lawsuit says, limiting competition and creating higher menu prices for consumers. + +DoorDash, which does not use MFNs, is not named in the lawsuit. + +“DoorDash’s ability to compete with defendants without such MFNs is proof that such restrictions are not necessary,” the lawsuit says. + +Uber, Grubhub and Postmates did not yet respond to requests for comment. + +The suit was filed Monday in the Southern District of New York. The plaintiffs—Philip Eliades, Jonathan Swaby, John Boisi, and Nathan Obey—are residents of New York City who have ordered food via the defendants’ platforms. + +Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [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/) +I do not know much about stock markets but I am trying to learn. I invested in equities and mutual funds and all of them were doing well for over a month. Now, I am making a loss on every stock I invested in. what exactly is happening? Why is the market dow? Should I sell the stocks or buy more and why? +Even for the usual standards of Syndicate Bank it's atrocious. Been atleast 10 days since it has stopped working. My mom unfortunately has an account with the bank and was heavily reliant on UPI +I'd say it's about time we saw Binance Coin drop down a notch! Considering the amount of work put into building the foundations of a 'future proof' cryptocurrency, the Cardano project is finally starting to take off, and now we see it taking its rightful place on the rankings. + +https://preview.redd.it/no9ryaniauj61.png?width=736&format=png&auto=webp&s=000fab0f0f01baadc00d6ed600f4cb3ea1b94345 +# Let's look at where we currently stand with the TA: + +Starting with the 15-month historical price range: + +&#x200B; + +[15 Month Technical Fair Value: $225 per share \(currently a 58.2&#37; discount\)](https://preview.redd.it/xyvw8w5wfvo81.png?width=906&format=png&auto=webp&s=23b59440186e0e42157eb33703e7619c54c9eb71) + +Now let's look at options IV: + +&#x200B; + +[Rising Support of Implied Volatility, with Impending IV Gain due to 1 Year Peaks](https://preview.redd.it/bl1n2q0yfvo81.png?width=818&format=png&auto=webp&s=7c05715c6cb5f1b37b388940438890cca5dea9eb) + +&#x200B; + +Let's look at the Call Options: + +&#x200B; + +[Unusual Options Activity Starting, with now a Quick Rise to 1.84 : 1 Calls to Puts Ratio](https://preview.redd.it/h2jwpjmyfvo81.png?width=726&format=png&auto=webp&s=9681aa9170f19f7c28ef127d01568901e6b22e66) + +&#x200B; + +Now, RSI, Schaff, and basic charting: + +&#x200B; + +[Price: 94.45 \(after hours\). Intra-day Box-Plot outliers are on the high side, revealing that a price increase has begun but has not yet taken hold. RSI is coming off a double rolling bottom and now indicates oversold but rising. Schaff is beginning to flip positive.](https://preview.redd.it/nuo0t84xfvo81.png?width=753&format=png&auto=webp&s=34378f3e40e5a3d281366d2d77faa2df50b739f6) + +&#x200B; + +Now let's analyze the Ortex Data: + +&#x200B; + +[Ortex Reveals a return to January 2021 levels of Days to Cover and Cost to Borrow \(now 6.86&#37; on average and jumping daily\). 100&#37; Utilization for 30 days in a row. Further, we see a 138&#37; rise in Ortex Estimated SI &#37; of FF since 08NOV2021.](https://preview.redd.it/8hqsxg4uivo81.png?width=1092&format=png&auto=webp&s=e2eea187188c0d61b1729ee3cfbe1c47b012fe5e) + +&#x200B; + +&#x200B; + +|**Quick Ortex Stats:**|| +|:-|:-| +|Days in a Row of 100% Utilization:|30| +|Cost to Borrow (average):|6.86%| +|Days to Cover:|6.68| +|Ortex Estimated SI % of FF (reported only):|21%| +|Rise in Estimated SI % of FF (reported only):|138% increase over 4 months| + +&#x200B; + +**TLDR**: Technicals for $ G M E stock indicate a rising Relative Strength Index, a positive flip beginning with the Schaff Trend Cycle, and a double bottom clearly shown in the chart. We have a visual rebound that is pure green over 5 days, with statistical outliers on the high end- showing that any gain in price has not yet taken hold. Ortex data shows SI% maxed out for a historic 30 days in a row, a 138% increase in reported-only short-interest over a period of 4 months. Options activity is on the rise again, with calls jumping ahead of puts in a 1.84:1 ratio. Implied Volatility supports are rising with a shown historical discount in IV based on historical peaks (currently 0.95 versus 2.1) meaning call options are very discounted here but demand is beginning for them. And finally, the 15 month price is $225.00 per share, which shows the stock is now at a 58.2% discount to the split-range. + +Edit: [I am now long GameStop](https://imgur.com/a/fijTW0J) with play monies and DRS, yet I may invest more into it with my tax return based on discoveries in this technical analysis. This edit is in compliance with WSB Mod: Dan\_inKuwait's deleting of the post. +I am close to splitting up with my wife. We own a house roughly £330k. It has a mortgage of £105k left. + +How do i get a new mortgage for a small flat for me to live in? I was thinking maximum of £100k but probably it will need to be less. I have £10k emergency fund and could use some as a deposit probably 5k. + +So what can I do to mortgage a small flat? Do I go to a separate bank and try to see what they would loan me or do I ask my current for extra borrowing? + +I would be paying the mortgage on the flat I move into and I would continue to pay roughly same amount into the family joint account as I assume my kids would live with my wife in the house. + +I have no idea what to do as this only started at the weekend and I need to prepare for this in the next few months. + +If more info is needed let me know. +**TL;DR:** Being a really bitter person with an enormous chip on your shoulder can get you ahead in life! + +This is a very long story, but to get the full effect, I think you need to have the appropriate context. + +Just about twenty-eight years ago, I was born in a washed-up mining town in rural Idaho. My mother was a highschool drop-out, my father was a laborer for the Department of Transportation. My father made decent, blue collar money and my mother worked only intermittently at convenience stores and bait shops. When I was three years old, two things happened: My mother gave birth to my brother and my father was thrown from his vehicle trying to avoid a passing herd of deer on his way home from work. He wasn't found until several hours later, at which point he had already died. + +My mother had no support system. When she dropped out of highschool and married young, her mother and father had disowned her. My father's family had always disliked her intensely -- she was my father's second wife, and they were heart-broken when he'd gotten a divorce. They were absolutely unwilling to help her. At the time of my father's passing, my mother had finished her GED, but that did not greatly improve her job prospects. + +She got in contact with an old boyfriend who was living in Forth Worth. He offered her a place to stay while she got on her feet. She scraped together every last dollar she could and took my brother and I to live in Fort Worth, where she planned on pursuing a career in nursing. + +We all crashed on the boyfriend's couch for the first year there. My mother attended nursing school, and while our lives were quite spartan, we made it work. Then her boyfriend relapsed, and my mother started using drugs, too. She dropped out of school and lived a pretty hardcore life for close to a year. She asked her boyfriend's parents if they could watch us for awhile. We saw her three times during that first year, as she spent most of her time on the street. She came to visit during holidays and spent our time together crying. + +After that first year, she started to get her act together. But recovery is difficult for anybody, and it took a further four years before she could be called functional. After that first year, the boyfriend's parents refused to care for us, and they kicked my brother and I out onto the street. There was a whirlwind three years where my mother moved us from house to house, constantly getting evicted, hardly able to hold down a job. We lived in cars, at homeless shelters. On more than one occasion, we slept in somebody'd barn. + +From the age of three to eight, I attended six different schools. Because each school had a different sequence for how basic skills are taught, I had to teach myself to read and write. Where one school would teach handwriting in 1st grade, the other would teach it in 2nd. As a result, when I transferred to a school that had taught it in 1st grade, I still hadn't learned it. My handwriting is still terrible to this day, and sometimes people remark that I don't "write" alphabet letters so much as carefully "draw" their approximations. I missed weeks of school every year, but was still pushed ahead to the next grade, despite not having the requisite skills or ability. + +On my ninth birthday, my mother finally reached out to her parents for help. They reluctantly agreed to give her shelter -- mostly, I think, because they wanted to see their grandchildren. We moved back to rural Idaho and lived in a small, weather-beaten shack that my grandparents owned. At this point, my mother had gotten clean, but she had also become irretrievably paranoid. She never used again, but she often ran away from home. She was committed to a mental hospital more than once. Shortly before I graduated highschool, she died from complications due to Hep C. + +Nobody at my highschool spoke to me about attending college. From the time I was a freshman until I graduated, not a single adult told me how to conduct myself as an adult, how to apply for jobs in the working world, or how to apply to a university or community college. Not my teachers, not a school counselor. Not my mother, not my grandparents. Quite literally nobody. + +So when I graduated highschool -- and my grandparents evicted me from the house -- I started my adult life with no car (and no license), no money (not even a bank account), and no friends or family to help me along. I had my social security card and my birth certificate, and that was it. I was cut adrift in a rural town with a population of 250 people that was three hundred miles distant from the nearest city. + +I spent the first two years hitchiking from one place to the next, taking small jobs where I could find them. I was a ranch hand, a machinist at a sawmill, a roofer, and a grocery clerk. Eventually, I found a stable job stocking the shelves at a supermarket. I saved up enough to afford a small studio apartment and a computer. I slept on the floor. At some point, I was struck by an incredible anxiety. I saw the route that my life would take if I continued stocking shelves and found the determination to go to school. + +The only thing I knew about college at that point was that you had to attend to make any real money. So I researched what I had to do to apply, took the ACT, filled out a FAFSA, and got accepted to a state university. I enrolled in my first class at the age of twenty-two, and I had literally nothing in common with any of the other freshman, which could be depressing and alienating at times. For the first three years I was there, I didn't take out any student loans. Here is how I afforded that: + +* I didn't have a car. I walked everywhere. + +* I sold my plasma and semen. + +* I worked 32 hours per week at a local hotel on the overnight shift. Because the overnight shift is mostly seat-warming, I bolstered my income by writing papers for students. I found customers by posting on craigslist. + +* When I had no papers to write, I applied for literally every scholarship that I could find. Hundreds of them. + +I graduated in three years (with a degree in English Literature), at the age of twenty-five. I worked odd-jobs around the state of Washington, finally bought a car at the age of twenty-six, and then returned to graduate school. During this time, I also found a job I enjoy. I paid close to ten grand out of pocket for graduate school, took out $15,000 in loans, and graduated a couple weeks ago, age of twenty-eight, from a fairly low-tier school. I went to graduate school full time and worked between 50-70 hours a week, depending on the time of year and at what stage of production my projects were at. For the first half of 2015, I did not have a single day off. I had one nervous breakdown. + +I'm currently making $46,000 and have had job offers for between $55,000 - $60,000 now that I have my degree (which is in statistics, more or less). Now, I have three choices: accept one of those jobs (of which I'm not terribly fond or excited by), wait six more months until I have some more professional development and certifications (at which point, I can start going after my dream job), or accept a poverty stipend to get my doctorate from a relatively high-value school (I would not be finished with school until I was 32-33 years old). I've yet to decide, and that's where I'm at now. + +Beyond selling your body, there's little advice I can give those of you who are deeply impoverished and need to find a way out. I've told you what I've done, but it would be presumptuous of me to say that you should do likewise. That being said, there is one more suggestion that I can give. It worked for me. Maybe it can work for you. + +Find your motivation. For me, my motivation came from fear. The fear that I would turn out like my mother, a destitute high-school drop-out with mental issues. That I would always be poor and that life would always be a struggle. Later, that fear gave away to resentment -- that I was better than my peers, my coworkers and my classmates, and that they had lucked into an easy life and had been carried to success on the shoulders of their family and friends. All through graduate school, there wasn't a single thing I did that wasn't motivated by resentment or fear. But when you've spent your youth sleeping on asphalt, what further motivation do you need? + +I saw this post "What was the worst financial mistake you have made?" and I learned a lot by reading the comments. Which made me think we can also learn a lot by sharing our successful decisions +1st March for new customers, 14th June for existing customers. + +Source: https://www.moneysavingexpert.com/news/2019/02/tesco-bank-to-cut-interest-on-its-current-account-from-3--to-1-/ +Early 40’s. We’ve been fortunate to build up a ~$20M NW based on entrepreneurial and W2 activities. We also expect with high confidence that we will inherit a similar amount, and some of it has already been put into trusts in our names for estate planning purposes. Parents are still healthy, so it will be some time until we inherit half of it, and a very long time until we inherit the other half (very grateful for this - we hope it’s many decades). + +We don’t need these assets to fund our lifestyle. But, I’m curious how others would think about including this money in tracking and projections. I know exactly what they’re invested in (typical portfolios for 70+ crowd - reasonably conservative real estate, stocks and bonds). Would you rebalance the rest of your portfolio accordingly, in terms of asset classes and risk tolerance? Personally I think bonds is a silly place to keep money that won’t be touched for decades, but I would feel impertinent even bringing this up and would rather sacrifice returns than harm the relationship by looking like I’m looking forward to a “transition day.” So, I don’t plan to suggest any changes to those portfolios, only my own. + +And, would you include this money in NW and passive income projections, since it’s known with pretty high confidence? I expect people will point out that the assets could be drawn down dramatically, but they’re substantial enough (the $20M is just our share in estates split across multiple siblings) that I doubt that will happen. Also, all the grandparents are still gainfully employed and haven’t started touching even their passive income. +Why aren't they more popular? That's the crux of my question; I understand there's more to it. A high stock price is seeing as being exclusive or doing better and I get that mind set. I am guilty of looking at the stock price over the market cap of the company. + +But it seems - almost - every time there's a split, there's an increase in the stocks price as people buy in at the cheaper price, and maybe others sell X% after the split. What's stopping a company from splitting their stock often versus rarely? + +If I had a company and I was adamant at keeping the stock low, could I split the stock every time it got to $100, so that it was around $50? Then after that split it jetted up to $100 within a year, could I split it again or would I have to wait for X years or some predetermined length of time? + +Thanks! +I say it is too many people either being too lazy or too ignorant to control their own Bitcoins, trusting them to exchanges, who become de facto Bitcoin banks. + +Bitcoin then loses its greatest feature, decentralization, becoming more and more centralized within a few exchanges, many of whom are already not working in Bitcoin's best interest (Coinbase), or are highly corruptible from external factors, like regulators and governments. Or vulnerable to outright theft, from hackers, or embezzlement from within. + +If millions of Bitcoins are just in exchanges, then Bitcoin isn't really decentralized anymore. It's just a digital version of the banking system we already have, and are trying to get away from. If that is the case, we've all missed the point of Bitcoin. + +So misuse of exchanges, turning them into de facto central banking centers, are Bitcoin's greatest threat, IMO. + +What say you? +I’m a 28 year old fully qualified tradesmen in an unfulfilling role. I’m making a decent wage at the moment but nothing too extreme and not sure how much room there is for progression. +I’ve been offered a new apprenticeship in a role that I feel will open more doors and make more money in the long run but the hit to my wage initially is very off putting, nearly half of my hourly rate. +Basically what I’m trying to put into savings per week will be lost. +Is it too late to earning this low of money? +Are there budgeting tips for low income earners? Or budgets templates I could use to ease the strain +In the past few days you may have seen comment replies by a little fella u/rec_curator. u/rec_curator is a bot that monitors a particular [smart contract](https://github.com/RECDAO/contracts/blob/master/contracts/ContentDAO.sol) on the Ethereum blockchain. This particular smart contract is a type of [prediction market](https://en.wikipedia.org/wiki/Prediction_market) for Reddit submissions. An interface to the smart contract has also been developed and is [live and usable here](http://curator.recdao.org:3000). + +&nbsp; + +### **What does "prediction market for Reddit submissions" even mean?** + +Prediction markets allow participants to bet on the future outcome of a question. In this case the market is asking: **is this content that the r/ethtrader community wants to see?** Anyone is then free to bet (stake ETH or another token) to either support that content or reject it. At any given time, a market for a particular post will be either in favour of it or against depending on which side has staked more. The side that is winning is the side that was willing to risk more. The market will end currently 12 hours after it was opened at which point any contributor to the winning side can withdraw their original stake plus their share of the losing side. While prediction markets have been proposed for all kinds of uses work on the one was prompted by [this ethresear.ch thread by u/vbuterin](https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312). + +&nbsp; + +### **How can r/ethtrader use this?** + +Requiring content to prove it's "support" via a prediction market is a sustainable, distributed, and transparent way to fight spam and improve quality. Initially a piece of submitted content has no market. It may stay that way and not receive either support or a rejection challenge. In such cases I would suggest the content proceed on it's normal lifecycle through the Reddit system (use Reddit's algorithms to determine length of time on the front page, etc.). A submission can also be challenged, ie. receive a stake large enough to flip it's state to rejected. The bot, u/rec_curator watching for these on-chain events would respond by replying that the content has received this challenge and that as a result would be removed within an hour if it is not subsequently supported. Supporting would also be an opportunity for anyone to win the rejectors stake. Similarly a market can opened with a supporting stake and the bot would notify the thread with a reply indicating that a market had been opened in support of the content. In either case the bot's reply would be updated with the current state of the market if it "flips". Any flip to "rejected" would trigger a 1 hour delay before removal. + +&nbsp; + +### **How do you get the staking token RECT** + +The system is currently developed to work with an Ethereum community token, RECT. This token is distributed to you based on your karma in the top 4 Ethereum related subreddits when you link an Ethereum address to your Reddit username by [registering](https://recdao.github.io). There is no ICO - you are just awarded the token for having been here and contributed to the community. + +&nbsp; + +### **Edit. [new] How does the adjudicator work?** + +In certain situations there is a role for a final adjudicator. Usually the adjudicator isn't used, but in certain cases it is, and more importantly, the threat that it could be used is supposed to compel the right behaviour. The adjudicator may be trigger it: + +* The total market size reaches a threshold. +* Flipping the market within it's last hour. + +Adjudication is accomplished by vote from anyone with over 1000 registered karma, weighted 1 vote per voter. This pool of users is meant as a proxy for the community and can counteract the efforts of a whale. For their participation in the vote, some percentage, say 10%, of the eventual losing side's stake is burned. + +&nbsp; + +### **Is it finished?** + +Haha, no. Currently the smart contract is deployed on the rinkeby testnet so any RECT or ETH used are not *real*. There are definitely improvements to be made to the system. Details on these and the current design can be found on [this thread](https://www.reddit.com/r/recdao/comments/87jsa1/recdao_prediction_market_content_curator/). Any contribution to the mechanism, design, or any part of this experiment including how we communicate about it, are greatly appreciated. + +&nbsp; + +### **Is there more?** + +Yes, the r/recdao project is about developing tools to improve this communities use of Reddit. In addition to the [curator](http://curator.recdao.org:3000), there is a [browser plugin](https://github.com/RECDAO/extension) that allows *direct on-chain* tipping as well as on-chain up/down voting of content. The RECT token as well as the on-chain registry of usernames and karma are controlled by a [dao](https://en.wikipedia.org/wiki/Decentralized_autonomous_organization). See the RECDAO sidebar section on this sub or the r/recdao sub itself for more details. + +&nbsp; + +**UPDATE** - the [browser extension](https://github.com/RECDAO/extension) now has a simple staking interface so interaction with a post's market can be done right from within Reddit. +It has been a while since I wrote my latest big altcoin topic. + +This sub only had <10 000 subscribers, times surely have changed. + +I used to invest in altcoins (with seperate networks) but ever since Ethereum gained traction I have unloaded all of my alts and switched exlusively to Ethereum tokens. + +There are a few reasons for this: + +1) Obviously Ethereum is the prime technology in the cryptocurrency space, and will keep that spot, even strengthen it, in the foreseeable future. Any coins living on the Ethereum network will benefit from the worldwide exposure ETH gives. All these tokens have this Ethereum "buff" as you will. + +2) Ignoring the ICO scams, there are many technologies out there that are choosing the Ethereum network because they see the endless posibilities of the network and want to bring value. This results in a huge brain gain from smart developers around the world. Intelligence means value. + + +Another important note is that I'm a long-term investor. I don't care about short term gains. I look long term so the value dictates the price, not the hype. + +Let's get right into my picks. + +#1st Tier + +*All prices are in USD for future reference* + +**BAT ($0.15):** BAT is the Basic Attention Token, a token that works together with the Brave webbrowser. It's a strong idea from Brendan Eich. He's not your average IT-guy. This guy has changed the way our browsers work, **twice**. He first invented JavaScript, a scripting language that every single web application or website relies on today. Then he went on to become the co-founder of the Mozilla Project. They invented the Mozilla browser, which evolved into the more widely known Firefox browser. Again changing the way we interact and surf the web. + +His newest radical idea is to change the way advertising works. + +Today the advertisers pay websites to spam your screen with ads. He wants to turn the roles around. He wants advertisers to pay you, the user, for allowing them to target you with ads. Every user will now get a choice on wanting to receive ads or not. If a user accepts, the user gets paid. + +A radical but simple idea to end the era of obnoxious and missmatched ad spam and the need for adblock plugins. + +Its current market cap of **$153 million** is a steal for a solution that both users as advertisers have reason to love and prefer. + +**GNT ($0.26):** GNT, the Golem project, was the one ICO that marked a new era in crypto-land: "The ICO". It was one of the first tokens on the Ethereum network, and its $8.6 million coin offering got sold out in 20 minutes back in 2016. The event attracted wide attention and soon after we would start to see the ICO token boom. This was before raising money through an ICO was considered to be "easy" + +Their main idea is just as revolutionary as their ICO: + +becoming a marketplace for computing power. Bitcoin burns electricity with meaningless calculations, while Golem wants to turn this into usable calculations. + +When you think about Golem, you have to imagine: Rendering, processing big data for scientific research, keeping artificial intelligent agents online for 24/7 that can be interacted with. + +This is a big idea that can enhance the world in many ways, on a wide range of fields. The GNT coin will be the currency these miners receive, and researchers, users, programmers will be paying. + +At a **$222 million** market cap, you are not only buying the access keys to huge amounts of processing power, but you might also be buying future access to artificial intelligent agents who will execute your job for you. + + +**DATA ($0.11):** What do the above agents that run on the Golem network need for their computing cycles? They'll be needing data. Lots of data. Streams of data. + +This is where DATA comes in, the coin of the StreamR network. You want your application to tap in on a constant stream of relevant data? Establish a connection with the StreamR network to receive a constant real-time stream of data, in exchange for DATA coin. + +It's not a coincidence that the StreamR developers are closely colaborating with the Golem developers. Golem's posibilities increase with the existence of a decentralized network that streams data. And Golem is a great client for the StreamR network to deliver data to. + +With a **$75 million** market cap and rank 82 (up from 109 last week), this coin is on the rise through the rankings. And for good reason. + + +I'm not randomly picking coins here. + +**ETH ($445.85):** Just for completion, this is a standard pick. **Of course** ETH is going to go higher. Now that I'm at it, I'll just typ what really interests you. Worst case scenario is a $1000 value for ETH in 2018. My expected (but for some probably conservative) expection and estimation puts ETH at an expected $1500 price in 2018. I might be writing a deeper analysis with more detailed predictions in the near future (no promises) ([historical reference](https://www.reddit.com/r/ethtrader/comments/5z39c7/predictions_for_2017_total_market_cap_of_the/)). + +#2nd tier + +Time to explain my tiers. The above 4 coins are the coins I really believe in, which I call the 1st tier. These are long term investments with **a very low risk**. + +The 2nd tier coins have less fundamentals and may be more speculative, although still have a reasonably low risk. + +**RLC ($0.50):** iExec. Kind of a tricky one. But if you love, believe in, and hodl Golem, you would want to hodl iExec (RLC) as well. + +iExec can be considered a healthy competitor to Golem. If Golem succeeds, iExec will be considered the 2nd chance investment for those who missed the Golem train. + +If Golem struggles, iExec might take over its role and become the technology that Golem tried but failed to be. + +At a market cap of **$40 million**, the risk is relatively low while the potential reward can be quite lucrative. If it would ever manage to hit todays market cap of Golem, we are facing a 500 % increase, safely outweighting the risk of -100%. + +If you were to own Golem, RLC is a safe hedge, and your insurance. + + +#Other coins worth mentioning + +**OMG ($8.16)**: OmiseGo, and **ANT ($1.80)**: Aragon. Both beautiful projects that enhance Ethereum itself and will be making the network more valuable. + + +#Final note + +Are there other, perhaps better coins out there than the above list? Absolutely. + +Times have changed. With now there being an abundance of coins to choose from making it impossible to look into all of them. + +The above coins are projects I have researched thoroughly and which I can conclude to be safe bets. Projects that have a high chance of success, while still being relatively cheap. + + +#Please share your picks including the why's + + +As always, let's help each other with more suggestions and picks, **with preferably low market caps** since that's where the gains are to be made. + +Happy hodling! +http://www.cnbc.com/2016/10/05/google-will-not-make-a-twitter-bid-apple-bid-unlikely-recode-citing-sources.html + +Disney (which still seems unlikely to me, or at least like a questionable choice) and Salesforce (who has been getting obliterated since they came out in considerable favor of buying Twitter after failing to get LinkedIn.) are left. + +Edited: TWTR now -18% pre-market. The $20 level is not that far South of here. + +Edited 2: Disney also out http://www.recode.net/2016/10/5/13181704/disney-twitter-buy-iger-dorsey + +Also, good article from Bloomberg about Twitter's problems and how it got here: http://www.bloomberg.com/features/2016-twitter-dorsey-strategy/ + +For those software engineers who have fatfired or are about to fatfire, what has set you apart from the cs grads just scraping by on 80k? Pure skill, luck, company choice, entrepreneurship, geographic decisions, personal choices? +This is a broad one, but do you have any suggestions for second home locations?  I'm looking for: + +* Ideally <2.5 hr flight to/from NYC (or <4 hr drive) +* Great, easy going people and very little crime +* Airport easy to get to  +* Enough stuff going on (restaurants, stores, etc.)  Doesn't need to be amazing, just want to avoid places with little to nothing +* I don't care about beaches or ski slopes (fine if the location has them), just looking for a get away spot +* Ideally limited extreme weather (no hurricane targets, 100 degree or -30 degree temps) + +I'd greatly appreciate any suggestions.  Thanks +[Widening the Aperture: Family Office Investment Insights](https://www.goldmansachs.com/insights/pages/widening-the-aperture-family-office-investments-insights-f/report.pdf) + + +Lots of talk regarding family offices on this sub. Some interesting data points: + + +Asset Base: +22%=>$5B +44%=$1-$4.9B +20%=$500-$999M +7%=$250-$499M +6%=<$250M + + +Asset Allocation +50%=Public equities + cash and fixed income +The market is crashing, inflation is running, hedge funds are getting liquidated, MSM is turning on SHF, dark pools are very real. All of these things Superstonk predicted or warned about, and all the while we were mocked along the way. We held tightly to our evidence-based analyses and to the truth in the face of constant belittling, media spin, and scorn from the mainstream public. We don't need to laugh in their face and say, "Told ya so!" but I do think it would be worthwhile to reassert our credibility by keeping a bank of all the major events we called out in advance. We could then vote this bank to the top of r/all to show the average redditor we weren't wrong, just early, and we're just getting started. +https://housegop.leadpages.co/healthcare/ + +"Empower individuals and families to spend their health care dollars the way they want and need by enhancing and expanding Health Savings Accounts (HSAs)—nearly doubling the amount of money people can contribute and broadening how people can use it. + +Help Americans access affordable, quality health care by providing a monthly tax credit—between $2,000 and $14,000 a year—for low- and middle-income individuals and families who don’t receive insurance through work or a government program. " + +Well I'll take it. I'll max out the HSA for the next 4 (hopefully not 8) years and then we can go back to something closer to Obamacare for retirement... +My portfolio is a split between stocks, bonds, gold, and some crypto. + +Over the last week, everything is down a fair amount since the Fed announcement about raising rates to fight inflation. + +Stocks, gold, and crypto have all been touted as inflation-hedges, while cash has no possible upside versus inflation, yet cash is out-performing all of them lately. + +The only thing I can figure is the market thinks the Fed will be able to tame inflation soon, so cash will benefit at the expense of everything else. Or is it just when there's enough fear in the market, people just sell everything and ask questions later? + +I think it shows that predicting what the markets will do is a fool's game. Inflation is the financial boogeyman right now, but cash is the best-performing asset at the same time ¯\\\_(ツ)\_/¯ +While he is claiming to lead humanity to space the only thing he is capable of doing is business by promoting his own personal interests above everything else meanwhile he claims the contrary🤡money is his God + +First he started by manipulating the market by playing with BTC(Tesla) and pumping Doge that right now is literally dying and i can't imagine how many bag holders are over there losing all their fortune because of his manipulations + +Now he attacks Web3 and the Metaverse with no substantial reason other than to apparently promotes his own company >Neuralink + +This guy has an opinion for every single argument and he thinks he knows everything about anything. Hopefully the market is not reacting anymore to him +There's a small amount of interest from some of you so I'll keep tracking and updating y'all on $GME's upcoming Golden Cross. + +If you want to know why I'm tracking it, here's [my post from 2 days ago.](https://www.reddit.com/r/Superstonk/comments/wkno2e/golden_cross_update_t2_since_a_post_faked_it/) Basically, I want to give apes accurate data and avoid misinformation. + +What is a [Golden Cross? - Investopedia's definition](https://www.investopedia.com/terms/g/goldencross.asp) + +&#x200B; + +Anyways, on to the data: + +&#x200B; + +Today the 50 day SMA is $34.45, and the 200 day SMA is $34.97 + +This makes a difference of $0.52 + +&#x200B; + +[Yesterday's update](https://www.reddit.com/r/Superstonk/comments/wl7gwv/golden_cross_update_were_not_there_yet/) the 50 day SMA was $34.29, and the 200 day SMA was $34.99, for a difference of $0.70 + +&#x200B; + +We're getting closer! $0.18 closer in fact. So let's start with a close up: + +https://preview.redd.it/5d2c5o3d45h91.png?width=3840&format=png&auto=webp&s=f9dcc8617917015ea6f5b2e307298f7cd3d2810d + +&#x200B; + +Here's the 2 year graph: + +https://preview.redd.it/hyrkhjve45h91.png?width=3840&format=png&auto=webp&s=7aaacbae577d5a15d9d9eee4d531407c323d0aa3 + +&#x200B; + +and the log scale graph: + +https://preview.redd.it/keuyi4og45h91.png?width=3840&format=png&auto=webp&s=37d9de79deec45f84dd64da54d30487d73e2f74a + +&#x200B; + +I've been asked, "when will the GC show itself?" or "what will it take to GC" and the answer is Time. + +With the current trend it's inevitable and to answer "when" depends on price movement. + +The higher the closing price, the sooner the Golden Cross. + +That being said, if the current trend and max pain holds around $40 it will cross by August 16th. + +&#x200B; + +TLDR: with a difference of $0.52 between the 50/200 SMAs, it's getting closer. +Hi All, + +To preface, let me say that I'm holding ETH right now, and I believe in the project as it stands right now. I was into crypto a couple years ago, got spooked by some losses, and questioned the fundamental value of coins in those days, so I left. I'm back now, and of course this bull run has been very nice, but you see people popping up that seem to think this has been a long time coming, and it can never go back. You also see plenty of people trying to temper those sentiments, but rarely with any serious thought, just "remember it could always go back down". + +I was hoping some veteran ETH folks could help answer some of the following questions. A lot of people that are new here, like me, aren't technical enough to audit the code and come to conclusions on our own. And the more this goes up, the less technical knowledge people are going to have. Without Further ado, here are some concerns I have with ETH, and crypto in general. I would appreciate any insight and discussion you can provide! + +**ETH** + +1. *Competitors* - A claim that's common on the NEM sub is that Ethereum is technically inferior. The solidity language is inferior to established languages. How do we respond to that? What is the reason for developing solidity? If we put aside adoption for a second, what are the technical pros and cons of the Ethereum network over the other networks in development (Namely NEM, Lisk, whatever else gains any traction)? + +2. *Adoption* - Ethereum has tremendous adoption right now, which is great. But is there a compelling reason why a company like google or facebook, with their billion users couldn't rip off every aspect of Ethereum and end up being the only relevant blockchain solutions? More on this later when I discuss regulation, but other than the people that are here for libertarian, criminal, or enthusiast reasons, will the mainstream ever choose Ethereum over an invisible, integrated facebook blockchain suite? Would people even realize they're making a choice? + +**Crypto** + +1. *Regulation* - IMO, we need regulation of some kind from governments to reach the mainstream. Not that Ethereum needs regulation, but that you could choose to keep your coins at a bank, and the FDIC would insure it, and you could reset your password if you forget it. I think regulation that gives users a safe way to store coins without worrying about losing their private key will be huge. My question here is does the crypto world agree with me? Or would that cause panic in the streets? I think there's a place for coins like Monero in an unregulated space, but the money is going to be in a coin that is covered by consumer protection laws. + +2. *Competitors Pt. 2* - The story yesterday about the German company using the Ethereum network for their EV charging stations got a lot of attention. I was thinking about it, and it seems cool, but then I thought "why couldn't I just pay with a credit card?". And in the machine to machine economy, why couldn't machines just have my credit card on file? In the future, am I going to have to manage 100 different Ether wallets for all my devices? That's the web 3.0 we're all so excited for? I'm sure that there will be dapps and contracts developed to manage all that, but I think the point stands. So Visa faces some competition from coins and they lower their rates and invest in customer outreach and service. Do we really penetrate the market still? I hope so, but here in the real world I know that the best tech doesn't always win. We all know that. Is there a clear reason beyond a couple percentage points that an open source blockchain solution will win the war against the credit cards and banks? + + +Thanks for your input guys! Just trying to get some discussion flowing here. Please keep it friendly and civil. +In a two-hour Bankless podcast episode, the Ethereum co-founder discussed his plans to make Eth2 succeed. + +Vitalik Buterin has walked listeners through a five-part roadmap on the latest Bankless podcast where he outlined the necessary steps for Ethereum to survive and thrive. + +In order to achieve ultimate scalability and decentralization, Butalik claimed that Ethereum needs to be more agile and more lightweight in terms of blockchain data so that more people can manage and use it. + +At the beginning of December, Buterin also published an article titled “Endgame” where he makes the case that all blockchains will ultimately converge in the future while listing the tools that would allow for block verification to happen in a decentralized and censorship-resistant way. + +The first step is called the merge, referring to the full transition away from proof-of-work to proof-of-stake, taking place in the first half of 2022. Part two, called the surge, plans to give Ethereum increased scalability, massive bandwidth and throughput, particularly on zk-Rollups. The merge and the surge are the most important upgrades, according to Buterin, to building out the Ethereum network. + +When asked to evaluate Ethereum’s progress made so far in the past six years, Buterin asserted that “we are 50% of the way there” thanks to the launch of the Beacon Chain, the London hard fork and even the rise of nonfungible tokens. But there is still a long way to go. + +Once the merge and surge go through, and there is full sharding implementation, then it will supposedly be 80% complete. The roadmap, which is estimated to take another six years to complete, will lead to 100% optimization, according to Buterin. + +The next phases include the verge, enabling more users to run nodes and essentially “democratizing access to the broadest number of participants possible to anyone and everyone who wants to verify the validity of the chain,” said Buterin. Following the verge are the purge and splurge phases, referring to the elimination of historical data and the addition of miscellaneous upgrades, respectively. + +Buterin summarized his ideal scenario for an Ethereum 2.0 that doesn’t sacrifice decentralization for scalability: + +“Leave the past in the past and create an Ethereum that actually becomes simpler and simpler over time.” + +Buterin admitted that Etherum is “not yet the layer-one system that is ready for direct mass adoption” while reiterating the need for layer-two scaling solutions and reduced transaction fees. He does, however, note the “amazing” progress that Ethereum has seen in layer-two scaling over the past year and the community behind it that is “willing to continue fighting for it.” + +In addition to scalability, another theme that Buterin emphasized is security and the safety measures around the upgrades. He compared blockchain building to the development of a city. Just as the police and the military work to defend their city or nation, so do blockchain users act as the security guards watching for attackers. And as cities expand or blocks get added to the chain, more security is needed. + +Currently, Ethereum runs on about 2.6 megabytes per second of blockchain data, according to Buterin. He claimed that once Ethereum has the ability to add more bandwidth and increase the user base, “the more defenders will be able to run nodes and to verify that everything is going okay.” + +&#x200B; + +[$2200 ETH is a steal!!! I just bought 1.12885 ETH for $2500 in cash. GLTA!!!](https://preview.redd.it/mgl6fk8ksmd81.jpg?width=1125&format=pjpg&auto=webp&s=da40e34f455b244cc05eeb78a2ab8d3eae39dd18) + +&#x200B; + +[I bought my ETHs from Coinbase PRO. The commission for 1.128 ETH is only $8.75. GLTA!!!](https://preview.redd.it/cl2y5xhosmd81.jpg?width=1125&format=pjpg&auto=webp&s=545c25ec41cb6d21d5a8b690b39573dc448867db) + +I'm now long-term 129.63 ETH, 127 ETH staked (at 4.5% APR in ETH2 rewards), and HODL (5 years time horizon minimum) to riches!!! GLTA!!! +Fuck it, I'm doing it. I only recently got into Crypto and got a nice little profit from the Litecoin surge. By June I'll have around $8-10k I can invest in crypto with. If I make $50,000 in Crypto by December 31th 2018, I will more or less become Guy Fieri and post pics on here. The hair and beard will last the longest but I'll dress up like him for a full week as well. + +No bamboozle. I'm up to my neck in student loans, and this would pay off roughly 1/4th of my student debt (fucking interest and Sallie Mae.) So being able to pay off that much will help my life out so fucking much by freeing up enough debt to give me about an extra $400 a month. + +No bamboozle. + +EDIT: I just realized that $50k won't be that high after taxes when accounting for my income, so while I'll still stick to this pledge I'm a little down now thinking of how it won't make as big of a dent on my student loans as I thought it would. If I did the math right, then that $50k becomes roughly $40k (not including any fees exchanges will deduct.) But I'm not sure if it will actually decrease even more when accounting for the rest of my income. + +EDIT: #2 I guess I should also update this post when I reach various milestones such as 10k, 20k, 30k, 40k, and 50k. +Pretty much the title - which companies and industries would benefit the most, if we assume republican house and senate? + +Ps. I'm not from the US, so I don't care who wins, just want to prepare my portfolio :) +Hey r/StockMarket, + +I’m a 17 year old kid working a part time job to make some money for later in life expenses. I took an economics course in school, which inspired me to save as much money as I can and turn it into passive income. + +Over the course of my job, I’ve put about $1000 into CDs at my bank, which gives me a ~2.70% (ish) interest rate. I was advised to look into ETFs for investment, particularly IVV. + +From what I was told, and additional personal research, I found that IVV is not a risky investment and gives a dividend yield of 1.83%. + +In the interest of passive income, is there any benefit to buying shares of IVV rather than just investing it into another CD? +# Here are some clarifying info broken out into bullet points: + +* **Limit Order price per share** + * This value is still limited to $214,748.3647 (unchanged) + * As the name suggests, this is the maximum dollar amount that you can sell **a single share** for + * Even if you try selling a fraction of a single share, the **limit order price per share** is still limited to the above number (selling 1/2 a share would yield you $214,748.3647 divided by 2). There is no getting around this. +* **Cap on web orders** + * This is the total amount that a single web order can be. It is calculated as: +***cap = \[limit order price per share\] x \[number of shares\]*** + * This cap cannot exceed $9,999,999.00 + * Say you set your ***limit sell price per share*** to the max ($214,748.3647) then at most you can sell \~46.57 shares in one web order (because these two values multiplied together gets you to $9,999,999.00 + * Basically, however you play around with the two variables in the above formula, you won't be able to exceed $9,999,999.00 for the ***cap*** +* In summary, there are two things you gotta look out for: + * In no scenario may the **price per share** for a **limit order** exceed $214,748.3647 + * In no scenario may the total amount of an entire **limit order** (price per share \* # of shares) exceed $9,999,999.00... for now (this seems more trivial for ComputerShare to change and doesn't seem limited like the **price per share** is) + +Got it? \*sips champagne\* Now fuck off. + +# Side note: why is the limit order price per share limited to this mysterious value of $214,748.3647? + +This is more computer science-related stuff. Their system is very clearly built on a 32-bit architecture. They are storing this value (***limit order price per share***) into a datatype called a **signed integer**. This datatype, if it exists on a 32-bit platform, can store a maximum value of 2,147,483,647. + +How did we get this number? Because a **signed integer** on a 32-bit platform uses 31 of its 32 bits for the value, and the final 1 of its 32 bits to tell you the sign (positive or negative). So at most the number can be: + +***2******^(31)*** ***- 1 =*** ***2,147,483,647*** + +Why the minus 1? Because in computer science, you start counting from 0 as opposed to 1. So it's 0 thru 2,147,483,647 instead of 1 thru 2,147,483,648. + +This number is obviously being utilized by ComputerShare as the price per share down to a ***hundredths of a cent***. This is the level of precision that ComputerShare chose when storing their ***limit sell price per share***. In computer science, you can't store a decimal into the datatype **signed integer**, only whole numbers. So instead they take this value that represents hundredths of a cent and multiply it by 10,000 after retrieving it from the database to denote what it equals in dollars. + +What is the point of explaining this? To show you how deeply embedded this value of 2,147,483,647 is in their system architecture. It would take a massive system overhaul to somehow change this limit to something higher. So give them a break. It seems it was much easier for them to change the cap on web orders because it seems to, either, have been stored from the get-go as a different datatype (such as a floating point) OR the precision for this value only goes down to single dollars as opposed to hundredths of a cent. +# Here are some clarifying info broken out into bullet points: + +* **Limit Order price per share** + * This value is still limited to $214,748.3647 (unchanged) + * As the name suggests, this is the maximum dollar amount that you can sell **a single share** for + * Even if you try selling a fraction of a single share, the **limit order price per share** is still limited to the above number (selling 1/2 a share would yield you $214,748.3647 divided by 2). There is no getting around this. +* **Cap on web orders** + * This is the total amount that a single web order can be. It is calculated as: +***cap = \[limit order price per share\] x \[number of shares\]*** + * This cap cannot exceed $9,999,999.00 + * Say you set your ***limit sell price per share*** to the max ($214,748.3647) then at most you can sell \~46.57 shares in one web order (because these two values multiplied together gets you to $9,999,999.00 + * Basically, however you play around with the two variables in the above formula, you won't be able to exceed $9,999,999.00 for the ***cap*** +* In summary, there are two things you gotta look out for: + * In no scenario may the **price per share** for a **limit order** exceed $214,748.3647 + * In no scenario may the total amount of an entire **limit order** (price per share \* # of shares) exceed $9,999,999.00... for now (this seems more trivial for ComputerShare to change and doesn't seem limited like the **price per share** is) + +Got it? \*sips champagne\* Now fuck off. + +# Side note: why is the limit order price per share limited to this mysterious value of $214,748.3647? + +This is more computer science-related stuff. Their system is very clearly built on a 32-bit architecture. They are storing this value (***limit order price per share***) into a datatype called a **signed integer**. This datatype, if it exists on a 32-bit platform, can store a maximum value of 2,147,483,647. + +How did we get this number? Because a **signed integer** on a 32-bit platform uses 31 of its 32 bits for the value, and the final 1 of its 32 bits to tell you the sign (positive or negative). So at most the number can be: + +***2******^(31)*** ***- 1 =*** ***2,147,483,647*** + +Why the minus 1? Because in computer science, you start counting from 0 as opposed to 1. So it's 0 thru 2,147,483,647 instead of 1 thru 2,147,483,648. + +This number is obviously being utilized by ComputerShare as the price per share down to a ***hundredths of a cent***. This is the level of precision that ComputerShare chose when storing their ***limit sell price per share***. In computer science, you can't store a decimal into the datatype **signed integer**, only whole numbers. So instead they take this value that represents hundredths of a cent and multiply it by 10,000 after retrieving it from the database to denote what it equals in dollars. + +What is the point of explaining this? To show you how deeply embedded this value of 2,147,483,647 is in their system architecture. It would take a massive system overhaul to somehow change this limit to something higher. So give them a break. It seems it was much easier for them to change the cap on web orders because it seems to, either, have been stored from the get-go as a different datatype (such as a floating point) OR the precision for this value only goes down to single dollars as opposed to hundredths of a cent. +This article is misleading. Looks like he just exercised options that he was already awarded, although the headline makes it seem like he bought more stock in the open market, which would be a boost of confidence. At the same time, the guy already owns a quarter of the company so that's a vote of confidence in and of itself. + + +http://www.theverge.com/2016/1/29/10873576/elon-musk-100-million-option-exercise-stock-tesla +Based on PyTorch, about 30-60 times faster than zipline. + +Here is the repo: [https://github.com/Heerozh/spectre](https://github.com/Heerozh/spectre) + +Hope you find it useful. :) +I'm looking for suggestions on how to run this experiment, given the volume responses from [yesterday's post](https://www.reddit.com/r/algotrading/comments/c7tdkk/quant_mentorship_and_the_state_of_algotrading/) (subreddit, chatroom, or email?) + +&#x200B; + +EDIT: based on recommendations, I went with a chatroom. See comments below + +&#x200B; + +Here's the skill map, for those curious about /r/algotrading membership. As expected, you can see the long tail of experts and the majority around Quant Skill 3: + +[https://i.imgur.com/cIGdBhO.png](https://i.imgur.com/cIGdBhO.png) + +&#x200B; + +Given the Skill Map histogram, I'm leaning toward recommending a proprietary software for teaching purposes or alternatively, coding up a toy Python framework exclusively for learning. Or \*both\* if the members commit to helping each other out + +&#x200B; + +P.S. please be patient if I haven't gotten back to you, I'm only 30% of the way through +I feel so relieved I sold all my shares this afternoon, even if it was at a big loss. + +Last week, I invested about 6k into various meme stocks. I started becoming nervous a few days later so I liquidated a lot of stocks. However, I bought back a lot of GME yesterday after a dip and finally gave up today seeing that the bubble had already burst and it wasn't a dip. + +Can I live without $1500. Yes (In fact I even forgot to cash in a $1500 check for over a year). I'm only 23 and in grad school, so I like to look at each dollar very carefully. I'm also anguished at all the things $1500 could've bought me (a 75'' flat screen TV, a plane ticket to anywhere in the world, etc. But 1500 is only about 3% of my assets so I'm trying to sweat this off and move on as quick as possible. But I learned not to jump on stocks based on emotion. At one point, I was even up $1000 but I got too greedy and look where I'm now. + +On the bright side, my overall portfolio is only down $600 since New Years Day and I'm still up 20% since last february (compared to the S&P gain on 18%) +So I'm currently 15, and I know my parents likely arent going to buy me a vehicle when I turn 16 this October. This really isn't ideal, but I'm not so entitled that I'd throw a fit for a car. So, my plan right now is to get a job and get a loan as soon as possible. Looking at cars near my area, I see that the kind of car that I want and really won't settle for less is going to cost anywhere between $10K and $15K. I definitely want to keep this as low as possible, so I've been budgeting out based on minimum wage and the maximum hours I can work in my state at my age per week and seeing that I can make $200 a week, or $855 a month precisely. I dont have any other expenses really, so I'm planning on getting a 2 year loan if possible at 0%APR as I've seen advertised at dealerships. I can put up to $5K down as that's the sum of my total savings, but I dont wanna put everything down since I need money to fall back on. So assuming I put $3K down on a $12.5K car, I have a $396 monthly payment minimum that I'd be actually paying about $700 a month on for the first 8 months (and putting the rest of the money into my savings and/or wallet). This brings my monthly payment minimum down to $244 with $3,900 total left. Now, I plan to start paying just the minimum for the next 2 months as this is my summer vacation and I plan to quit my job. Once school starts again (at the 10th month of the loan) I'll have $3,410 left to pay, but now is when I'll just start paying as much as possible as I have a paid internship planned with a school program beginning next school year. With an income of $15 per hour 30 hours a week I can afford to just rush to finish my loan ASAP. The thing I need to watch out for in the loan however would be a prepayment penalty, in which case I'll simply pay the minimum starting the 8th month until its paid off so I don't incur a penalty. + +So, after this long probably terrible plan, I'm really needing some opinions on any fatal flaws, or maybe ways I need to recalculate my financing. Any help is greatly appreciated! + +Edit: Since I know it's the smartest choice to buy a cheap car and many people are going to say this, I just need to reinforce that I'm vehemently opposed to buying a cheap first car. I know it's stupid and selfish and reckless and harder, but I want my first car to be something nice that I can take pride in along with all of my friends who are all getting really nice almost-brand-new first cars. I know it's stupid and you can say that to me as much as you'd like and I'll agree with you, but it's just not something I'll do. +Inflation is a persistent issue coming out of the COVID lockdown economy and continues to create a great amount of confusion for the retail investor space. Many retail traders don't know what it means or how to respond. More specifically, many are having trouble with tailoring their portfolios to either avoid risk or take advantage of inflationary circumstances. I aim to somewhat remedy this. I hope the pointers below will help you better understand the inflationary environment and identify economically favorable industries/sectors. This is not the end all or be all and I welcome your observations and comments on what I could have missed. Enjoy this and lets make some money taking advantage of these once in a lifetime economic circumstances. + +* **Inflations is Measured by a Change in Rate:** Inflation doesn't usually go down. The RATE of inflation goes up or down, but inflation itself is persistent. This is by design. Could you imagine what would happen to the economy if you knew that your dollar would be worth more tomorrow than it is today? Spending on goods other than necessities would come to a very dramatic reduction (*Note: You might be rethinking crypto right now huh?*). So it is important to understand that what we are looking at is the CHANGE IN RATE of inflation. There is no deflation!! Deflation is 1000x worse for the economy than inflation. So do not expect deflation. The Fed simply will not allow it. Nor should they! +* **Current Inflation is Largely a Result of too Much Demand:** During the COVID lock downs many businesses were forced to grind their operations to a halt. Remember food, toilet paper, & other essentials flying off the shelves? Indeed many grocery stores were limiting the amount of water you could buy. It only stands to reason that when you force businesses to close down you create a situation where the goods that people demand are not being replaced by a steady supply. So what happens as the economy opens back up? Suddenly those same businesses have reduced inventories, they need to hire back workers, they need to order new supplies, & they need to meet an increased demand as a result of some competitors closing their doors for good. Now the quantity of goods demanded well exceeds the quantity of goods supplied ... on all fronts. Reopening firms are competing against other reopening firms for the same raw materials, supplies, resources, shipping, etc. They are also competing for the same labor pool. Remember that goods & services in times of extreme scarcity go to the highest bidder. +* **Secondary & Tertiary Effects of too Much Demand (Or too Little Supply):** Below you will find the inflationary issues we find ourselves in as a result of increased demand and limited supply. Below each topic you will also find some examples of how to profit from each. You will also receive some examples of secondary and tertiary effects of each. +* **Supply Chain Bottlenecks:** First and foremost in the news are the supply chain bottlenecks. We've all seen the ships floating off the Port of Los Angeles, or the very long line of trucks waiting to pick up freight from the ports. The United States & Europe have but a limited number of ports and they're taking on all the supplies that firms ordered as the economy opened back up. Making things worse ... its holiday shopping season. So cost of shipping dry bulk overseas is not just rising as a result of increased demand, but as a result of the fact that it costs money to have all these carriers waiting weeks to offload their goods. Making matters worse many of the imported goods are perishables which can spoil and reduce the supply of foodstuffs amid an already high demand. As a result many firms are opting for alternative methods of shipping like the much more expensive option of air freight. + +**(*****Note: Moderately bullish on sea freight carriers, rail, trucking, logistics, logistics outsourcing, and air freight*****)** + +* **Supply Chain Shortages:** As if the bottlenecks weren't bad enough, there are but a limited number of domestic shipping firms. Firms that not only transport materials to businesses, or, finished goods to retailers, but also delivering orders to retail shoppers. Here we are once again talking about rail, trucking, mail delivery, air freight, logistics firms, logistics outsourcing, etc. So yet again we have an increased demand for shipping and logistics with but a limited supply. And while this demand will keep up for some time, many firms know it will eventually come back down to normal, and therefore, are very hesitant to expand too fast too quickly for fear that they will one day have too much fleet for future business. + +**(*****Note: Moderately bullish on rail, trucking, logistics, logistics outsourcing, and air freight*****)** + +* **Semiconductor Shortages:** Everything these days has a semiconductor. Whether its semiconductors, passive semiconductors, diodes, you name it, chances are if it was an electronic made in the last 5 years, it needs a semiconductor to properly operate. Indeed before the supply chain shortages hit critical mass, we were dealing with semiconductor shortages. Now we will not likely fix the semiconductor issue until we fix the supply chain issue. Once again as the economy opened back up & demand skyrocketed, semiconductors too experienced a complementary spike in demand. Semiconductors alone are preventing the automakers from producing at full capacity. There are not enough semiconductors to make vehicles. And with the holidays on the horizon semiconductors are in higher demand than ever. Even Sony had to reduce the number of PlayStations they could manufacture and ship due to component shortages and logistics issues. So expect the price of any new electronic device that has a semiconductor to increase in price. + +**(*****Note: Bullish on electronics & semiconductors*****)** + +* **Vehicle Shortages:** As noted with the semiconductors, vehicles are in short supply. As a result the quantity of vehicles demanded exceed the quantity of vehicles supplied. Therefore we not only have a shortage of vehicles but the price o vehicles have skyrocketed. Have you seen the empty lots at your local dealership? There's nothing to sell! People are ordering direct from factory. As a result people turned toward used vehicles which now are also in short supply. As a result people who could not afford the increased price of used vehicles resulted to maintaining their current vehicles. And as a result of people maintaining their current vehicles, the demand for auto parts & auto mechanics have skyrocketed. And I don't know many large firms that do not need a frequent supply of vehicles to maintain operations. + +**(Note:** ***Moderately bullish to bullish on used car firms, auto parts, and car repair***\*\*)\*\* + +* **Raw Material Shortages:** Raw materials were the first to explode out of COVID. Wood, steel, ore, oil, & minerals ... you name it, its all going up. The quantity of supply demanded exceed the current supply ... and for many reasons. + +**(Note:** ***Moderately bullish on miners, steel, mining equipment suppliers, and oil/gas producers ... see energy shortage below for more detail on oil/gas***\*\*)\*\* + +* **Increased Demand for Housing:** Largely as a result of low interest rates incentivizing lending, we experienced a housing and construction boom in the middle of a Pandemic. Houses and industrial builds in many areas have skyrocketed in value. But this was not only as a result of low interest rates. When the federal government instituted a ban on evictions from rental properties, many took advantage by simply not paying their rent. The forgone payments to the landlord forced the renter to pass on the costs on to new tenants, which increased the cost of rental properties beyond that just owning a home in many areas. So people bought homes instead. Moreover many people moved out of urban areas to escape burdensome COVID restrictions which furthermore increased the demand of housing. Furthermore lifetime renting millennials saw the low interest rates as a great time to buy their first home. Finally, mortgage forbearance reduced a lot of foreclosures during COVID. Less foreclosures means less supply, less supply amid high demand results in higher prices. + +**(Note:** ***Not very bullish on housing & real estate at this time but still moderately bullish on construction, furniture, paint, fixtures, and infrastructure***\*\*).\*\* + +* **Energy Shortages:** As we began to put the COVID economy behind us, more people are travelling to work, to school, and going on vacation. More recently international travel is opening back up. Moreover firms are expanding rapidly to meet demand and shippers are using more energy than ever. This all of course increases the price of oil, natural gas, jet fuel, and the fuel you pay at the pump. Making matters worse, no matter what your politics are, the current administration in the White House is the most ardently unfriendly domestic coal and fossil fuel administrations we've had in 5 years. OPEC, perhaps realizing that such demand will be but temporary for the next 1-2 years, refuses to entertain the Biden administrations request to ramp up oil supply. Oddly enough big oil hasn't been in this good of a position for the last 4 years where the increase of supply made it seriously hard for oil firms to profit. Energy is used for producing everything. When energy goes up the cost of everything goes up. When energy goes up, people spend more on energy and less on other things. So the increase in energy costs are a result of both increased post COVID demand and politics. Of all the issues we are experiencing with inflated prices, energy is among the easiest to fix. + +**(Note: B*****ullish on oil, natural gas, oil and natural gas equipment maintainers and suppliers, and perhaps oil exploration if the Biden administration would quit putting up road blocks***\*\*)\*\* + +* **Worker Shortages:** "Worker Shortages" is misleading. When people think of a "worker shortage" they generally think that we don't have enough workers to meet demand. They would be correct. But we should phrase it as "firms do not have enough workers to meet CURRENT demand." Lets face it we are rear view looking creatures. Simply because a firm doesn't have enough workers does not indicate that they cant beat previous profit/revenue, but rather they can not only beat previous revenue projections, but also be in a position where they cannot meet CURRENT demand. And just like anything else, when the quantity of labor demanded exceeds the quantity of labor supplied, we run into increased labor costs ... namely wages. And wages are overwhelmingly the highest cost for most firms. + +**(Note:** ***Bullish on staffing and outsourcing firms***\*\*)\*\* + +* **Secondary & Tertiary Effects of too Much Demand ... Conclusion:** Lets keep this simple. You want to buy a car. That car is made from raw materials such as aluminum & steel. The car requires electronics. Those electronics require semiconductors. You need a labor force to put that car together. You need energy to manufacture that car. You need truckers & freighters to ship those cars or bring manufacturers the materials to make cars. You need equipment to make cars. In short 100% of the price of all components of that car, or the components used to make that car, have gone up. Still, you have a high demand market where people and businesses require vehicles, but the manufacturer cant meet that demand due to the lack of supplies available. Nevertheless the vehicle manufacturer still needs to pay for overhead costs to keep the doors open. And as so many people are demanding such a short supply of cars, the manufacturers simply increase the price of that car to meet the demand of the highest paying bidders. And this phenomenon is happening in each step of the chain to make that car from the folks who supply the materials, to the folks who produce the energy, to the folks who ship the finished product. When the quantity of goods demanded exceed the quantity of goods supplied, prices necessarily must go up. +* **Monetary Drivers of Inflation:** As a result of the dramatic initial downward shift in demand amid COVID lockdowns, the Federal Reserve made money cheap, essentially lowering interests rates to both incentivize borrowing and make borrowing more affordable. The result? Massive influxes of borrowing and lending which in turn flooded the economy with cash. At first this excess cash was used to make it through the pandemic. Later this cash was used by firms to expand rapidly to meet demand. People also used cheap money via extremely low interest rates to purchase homes, which increased the demand for housing. Eventually the Fed is going to need to raise interest rates to disincentive lending and cool off a hot economy. If allowed to persist for too long the influx of cash will lead to investments by firms looking to to stave off losing the value of money via inflation and thereby creating a massive bubble. There are already indicators of this happening by virtue of equity valuations in the market. (*Note: the Fed has also been incentivizing investment in the stock market by buying treasury bonds on the secondary market which resulted in keeping the yields artificially low. As a result people were less inclined to buy treasury bonds and more incentivized to invest in other equity*). +* **Government Drivers of Inflation:** The rapid inflation we are experiencing has not deterred President Biden for advocating for trillions in spending measures. The U.S. Government is a customer just like anyone else, and the government competes for the same goods and services you and I do. Increased spending will to some extent result in crowding out the private sector that competes for the same goods and services. Remember that an increase in demand with limited supply generally results increased prices. If the government spends too much, it can seriously hurt consumers in the form of increased prices. Moreover the Biden administration isn't the most friendly administration when it comes to mining for coal, oil, minerals, etc.. This inevitably leads to increased costs of energy and raw materials. (*Note: This comment used a political figure as an example of a negative economic consequence. Do me a favor, take the example for what its worth to you, and realize I am not going to entertain heated political discussion. There is a cost and benefit to everything, and I don't have the time to entertain the talking points you pulled from a political webpage or favorable news site and tell you why you're wrong, when no matter how much the evidence is stacked against you, you're not going to change your mind anyway. Ergo a massive waste of time that benefits no one*). +* **Inflation is Excellent for Debt!:** I will keep this one quick. Lets say you took out a 30 year fixed mortgage in 1990. You paid $90,000 for your home and have a mortgage of $400 per month. In the year 2019 your home is now worth $200,000 in market value but you're still paying $400 per month at a fixed rate. Through inflation your wages have eventually increased while your fixed rate mortgage remained stagnant. In short, you may have been scrimping for pennies when you took out the mortgage, but years later you can make your payment while working at a fast food restaurant. Neat huh? Inflation is excellent for debt ridden companies. As their profit margins increase over time through inflation they will find it much easier to pay off their long term debt. (*Note: Perhaps this put some of the companies you were looking at into better perspective, and if debt was a major factor for not investing, then you may or may not want to revisit your decision.*) +* **Bullish Sectors You Can Profit From that I did not Mention Above:** Industrial Chemicals, Industrial Equipment, Fertilizers, Farm Equipment/Construction, and Pesticides. As firms ramp up production they will increase the demand for industrial chemicals. Moreover, as food prices continue to increase the more land farmers will be incentivized to clear for additional farming which requires more farming construction, farming equipment, chemicals/pesticides, and fertilizers. +* **The Canary in the Inflation Coal Mine:** If the change in prices rise beyond the change in incomes to the point where people need to start economizing their necessities and forgoing their wants, we could be looking at a very serious correction. + +**Conclusion:** I hope the pointers above have helped you better understand the inflationary environment and identify economically favorable industries/sectors. Please understand that I will be reading this over and over again to identify typos & unclear sentences. I may even edit it as people bring ideas to my attention. Anyway I hope you enjoyed it and can turn this into long term investment opportunities. +Stock is down over 6%, can someone explain? Everyone likes to talk about market acting irrational with TSLA all the time, but I have seen quite a bit of irrational reaction this earnings season, what gives? +My husband is an amazing man. He deserves all the happiness and greatness in the world. He has had a very rough life, some of which was given to him, some of it he brought on himself and probably deserved. He's never really had a **home** until now. When we moved in together he really just moved into my apartment. It was mine. It wasn't ours. It wasn't his. It was my apartment. + +We just unexpectedly bought our first house last month and I have really tried to make the house feel like home for him. The seller of the house left a shed in the backyard and it's *his*. We are both really into antiques and we browse shops for fun even though we know we can never afford anything we really want. He goes through and finds antique tools and signs and says that he would like to have something this for his shed and in that moment I'm running the numbers in my head trying to figure out how I can afford to buy that for him, but right now we just can't afford anything that isn't food or a bill. + +There is this super old physicians scale at one of our favorite shops, it's beautiful. It's one of those tall ones, you know what I'm talking about? He was drawn to it and told me exactly where in the house he'd put it. It's $200. We absolutely cannot afford that. The house needs so many repairs and we don't even have a stove yet or cabinets and I owe my dad money. It really guts me not being able to get that for him. + +He knows we can't afford it and doesn't expect me to get it for him but I wish like hell I could. I want to get him something that will make the house *his* like the apartment was mine. I want him to have things he loves and prized possessions all over the house. I want him to have that scale next to the door in the hallway. I want him to have this super awesome shed he teeters around in. + +It just sucks not being able to get the people you love what they want when you feel like the deserve everything the world could offer. +Short back story, I have a small business in the USA. Historical rate to ship a 40 ft container from Shanghai to USA east coast is $3,500-$4,500. Currently being quoted over $12,500+ and rising because there is a shortage of shipping containers. + +This shortage will affect all US importers. Insta-pots to tires to silverware. Get ready for insane inflation. We have not begun to scratch the surface of how aggressive it will be. + +How to invest in the stock market to most intelligently profit off this? In shipping container manufacturers, directly in shipping companies with the most container traffic from China or something smarter and safer than these first two? +Basically, the title. I've never had a credit card before and felt quite afraid to apply for them because of some relatives' horror stories. However, I need to start building up my credit but don't know where and how to start with credit cards. Googling this gives me too many options and I het extremely overwhelmed reading through the different pages. + +Are there any basic resources anyone can recommend about what to look for when applying for a credit card? Any help would be appreciated. Also, if this is not the right sub for this question, could someone please point me towards a more suitable place? +With the recent weekly close, Bitcoin once again clearly ended up as a red weekly candle. It's now the eight red candle in a row for Bitcoin, something that never happened before. The last record was six red candles and that dates backt to even 2013. One thing is sure we are in a bear market and quite an extraordinary one for Bitcoin. + +The current macro-economic situation is very unusual. We are having a stake of issues that are all worrying and will probably just get worse, all that while the FED is being hawkish. Probably one of the worst macroeconomic situations for the stock markets in the last decades. Also all scenarios are just not looking to get better, as Covid, Ukraine-Russia, Supply chain issues. + +We are clearly in a slow-bleed scenario. Quite unusualy for Crypto, as Crypto likes to get a sharp dump at once and then just go sideways or up. Right now on the weekly it's a slow bleed. But as always this too shall pass and there will be a lot of needed relief afterwards. +https://www.bloomberg.com/news/articles/2022-02-10/traders-now-betting-at-least-one-fed-hike-will-be-supersized + +In the last few days the bond markets have gone from expecting one 25 basis rate hike by the next scheduled FOMC meeting, to almost certainty that there will be a 50 basis rate hike by the next scheduled FOMC meeting. + +https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html + +The bond market is expecting either an unscheduled rate hike or a super sized rate hike in the next scheduled meeting. +Just bought some ether. I'm 15 and I've put about $260 into ether. I was wondering about someway to show my parents what ethereum is and how to convince them to buy some. They are well off and I feel like with enough convincing they would buy some and it would hopefully increase in price. Do you think it's a good idea to buy at this point? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +**TL;DR:** + +* **SHOS, or Sears Hometown & Outdoors Stores, spun off from Sears in 2012. It had done strong, consistent numbers in 2016 and 2017, making nearly 72+% of all its revenue from its appliances' line including Sears-brand Kenmore.** +* **Despite strong sales for Kenmore appliances, parent company/Sears CEO Eddie Lampert did barely anything to help out SHOS or Kenmore's appliance line. On the other hand, in 2017, Lampert decided to allow Jeff Bezos' Amazon to be the ONLY non-Sears company to sell Kenmore. Those appliances were then allowed to be Alexa-compliant. (This all may perhaps very well be one of the first direct/indirect links to the infamous "Busting out the Competition" DD).** +* **In 2018, SHOS encountered a crazy amount of short interest, even more so than Sears. At one point, it would have taken 146 days to cover all the shorted shares, and had 1.5 million FTDs shortly before delisting.** +* **This may tie into a famous "Taken" scene where the parent (company) watches the bad guys "kidnap the child". SHOS' story is very very similar to GameStop's Cool Holdings/Simply Mac business, a related GME company that was potentially shorted even more than** **GME. BedBath's BuyBuyBaby may have encountered a similar "kidnap the child" scenario, where BedBath's liquidation meant grabbing Baby's offerings at a steal.** + +For the culture: [https://www.thrillist.com/entertainment/nation/taken-speech-liam-neeson-movie-anniversary](https://www.thrillist.com/entertainment/nation/taken-speech-liam-neeson-movie-anniversary) + +EDIT 1: Note that this is a partial repost of another recent DD I dropped, with some added info given the BBBY info that's been coming out about RC**MODS: lmk if want me to delete the old post, and sorry to any commenters for your comments on that post!** + +&#x200B; + +https://preview.redd.it/i5pzkbwnx8m81.png?width=807&format=png&auto=webp&s=794da8617d2a11be7148dca0597f8c9754cde885 + +**Sections** + +**0. Preface: Taken** + +1. **“What’s an Exit Strategy?” Ask Eddie Lampert…** +2. **The Story of SHOS** +3. **Burn the Furniture** +4. **I Find Your Lack of Faith Disturbing** +5. **Alexa, say “Go Fuck Yourself SHOS”** +6. **146 Days** +7. **Down for the Count** +8. **Collateral Damage: Revisiting the Story of GME's Cool Holdings** +9. **Kidnap the Child** + +# 0. Preface + +In 2009, the film industry and movie fans worldwide jizzed their collective pants over a new film that had come out. One which, in its wake, led to several sequels and billions of memes echoing every word and pregnant pause (slightly edited for the purposes of our story): + +&#x200B; + +>*I don't know who you are. I don't know what you want.* +> +>*If you are looking for ransom I can tell you I don't have money, but what I do have are a very particular set of skills.* +> +>*Skills I have acquired over a very long career. Skills that make me a nightmare for people like you.* +> +>*If you let my \[child\] go now that'll be the end of it. I will not look for you, I will not pursue you, but if you don't, I will look for you, I will find you and I will \[end\] you."* + +&#x200B; + +Apes can be a very varied bunch, delving into everything from oil construction to retail to body language. And given all our own talents, we may, of course, be fans of film. + +But we're not here as much as to talk about movies, as we are to talk about something that may be relevant to the past week: the story of a parent company and its "child". + +# 1. “What’s an Exit Strategy?” Ask Eddie Lampert… + +Back in 2014, former Goldman Sachs VP Robin Lewis pushed a particular idea on their blog: why shouldn’t Amazon acquire Sears? + +&#x200B; + +https://preview.redd.it/3xhjdloox8m81.png?width=1151&format=png&auto=webp&s=0124b304494eff8a2e3b29572075c7da56cf073d + +**According to him, Jeff “Get Big Fast” Bezos would have acquired 2400 retail stores (or rather the buildings themselves) in an acquisition of those 1300 Sears & 1100 Kmart storefronts.** These might have allowed for convenience for pickups & returns, as well as match how Walmart’s 2400 stores often doubled as distribution stores. + +The commercial real estate gimme would have been huge for Amazon. And the sale would have been music to Eddie Lampert, whom had been drilling Sears straight into the fucking ground over the past few years and watched the market cap of the company diminish. + +&#x200B; + +[not at fucking all](https://preview.redd.it/ybwc1rzpx8m81.png?width=700&format=png&auto=webp&s=5d4b5c94879dec8c0fec67bed73a494aad61987f) + +**Bezos would have gotten cheap buildings without having to set up and construct new ones or sign expensive leases:** + +&#x200B; + +>“**What Eddie gets in such a sale is a potentially profitable exit strategy that many analysts, myself included, believe he is pursuing.** +> +>In fact, in several of my past articles I have opined that Lampert was, indeed, managing the business into liquidation. And regarding the real estate assets, Lampert has been methodically selling, leasing (partial or in total), and/or closing Sears and Kmart locations. Indeed, he indicated not too long ago that Sears Holdings was considering shuttering its entire fleet of Kmart stores. **So if he is seeking an exit, a far less painful and certainly more profitable option would be a sale to Amazon.”** + +&#x200B; + +In the wake of that carrot-and-stick for Sears’ shameful captain, the meat and potatoes might have been a particular means to an end as well for that potential exit strategy in the form of one offshoot of Sears Holdings\*\*. That offshoot was known as SHOS.\*\* + +# 2. The Story of SHOS + +SHOS, or Sears Hometown and Outlet Stores, spun off from Sears back in 2012. + +Now Sears was an absolutely huge retailer back in the day in the American landscape; **if you recall, one that was once worth nearly 1% of the entire American economy.** + +&#x200B; + +[\\"locally owned and operated\\"...sigh.](https://preview.redd.it/1wbk4ihsx8m81.png?width=350&format=png&auto=webp&s=a06a287a196fc2dee092081384990fb2bf640ea8) + +For its specificity, SHOS focused on home appliances, as well as outdoor equipment like hardware, lawn & gardening tools. Unlike Sears, SHOS stores were much smaller and split into 2 parts: (1) Sears Hometown Stores & (2) Sears Outlet Stores. + +&#x200B; + +1. Sears Hometown franchises sat at about 8500 square feet vs. 140,000 square feet for larger stores. **They accounted for 70% of SHOS revenue, and usually serviced smaller markets that couldn’t fit a giant Sears.** +2. Sears Outlet franchises accounted for 30% of SHOS revenue, and apparently had a nice handle-hold on the market according to one Seeking Alpha blogger:“...the Outlet Stores have become the de facto clearinghouse for the entire U.S. appliance industry's bruised, damaged, returned, reconditioned, overstocked, and "nearly new" appliances, and are estimated to possess over 2/3 market share, domestically, of that business! + +&#x200B; + +Eighty percent of the Outlet Stores overall sales consist of appliances, 75% of appliance sales represent "as is" appliances, and only 30% of total sales are sourced from Sears Holdings.” + +&#x200B; + +&#x200B; + +# 3. Burn the Furniture + +Remember Goldman’s Lewis? He floated one appeal to Bezos above all else in the appeal of Sears’ inventory: appliances. + +&#x200B; + +>“**While Kenmore appliances, Craftsman tools, and DieHard batteries have been placed into another entity and charge Sears royalties as a licensee, I’m sure Amazon would insist they come with the deal. And, those are iconic brands that can be re-energized.** +> +>The e-commerce business, which Lampert invested most heavily in and strategically focused on for future growth, while only accounting for about 3% of the total business, **could certainly be leveraged when plugged into Amazon’s model.”** + +&#x200B; + +**And Lewis was right. Even in our story of SHOS, one thing above anything else anchored its tale: its appliances inventory.** + +&#x200B; + +[ A report on SHOS by a YT channel called Real Deep Value Investing. 41 views. Made me think of someone we all know obv ](https://preview.redd.it/wfo62v4vx8m81.png?width=953&format=png&auto=webp&s=608074ba41a06f9fbadac677c7294675d6b72adf) + +**In 2016 AND 2017, nearly 72-73% of its revenue distribution was JUST appliances! In fact, its improving outlook through that time let it ink direct deals with appliance bigs like Whirlpool, GE, Samsung, and Husqvarna.** It was also known for carrying its Sears name-brand Kenmore appliances (half of Sears’ total appliance sales in 2016). + +&#x200B; + +**SHOS had big balls to swing around: by 2017, SHOS was the ONLY retailer to contain ALL of the top 10 major appliance brands under one roof.** Despite its store square footage, SHOS wasn’t no small fry. + +&#x200B; + +All of this news tons of–yes–”deep value” investors into a frenzy. At one point, the stock was trading at $2. **Investors flipped shit wondering why, when “book value” based on its appliances alone should have put the stock much higher: $9 was a common number offered, nearly 4x as much.** + +&#x200B; + +[\\"burn the furniture...heat the house...\\"](https://preview.redd.it/hs5d9euxx8m81.png?width=965&format=png&auto=webp&s=ce198b1668629da8a6818511452de17db3403a85) + +Another thing that made it a little bit different than the big Sears stores which anchored malls was its square footage\*\*: 80% of its stores were franchised or owner-owned (no different than a McDonald’s for example).\*\* + +&#x200B; + +SHOS supplies the goods to each franchisee, SHOS gets paid commission by the owner after a sale, and–on the other hand–the owner is on the hook for most of the real estate and operating risk. Not the parent company. + +&#x200B; + +And while store closings were beginning to show up around 2016 & 2017, many knew that its stock price should have been truly buoyed above all else by the absolute weight of its inventory: + +&#x200B; + +>“...2/3 of net current assets or less being a measure of extraordinary "deep value"). In the case of SHOS, with roughly $160 million in net current assets, **the company is selling at just over 25% of net current assets, an unheard of valuation that provides a truly astonishing margin of safety.** +> +>What is even more incredible is that the vast majority of those current assets ($355 million) are represented in inventories, and over 70% of those inventories are high dollar value appliances. Since the appliances are carried on the company's books at cost, +> +>**it would be likely, in any potential liquidation of the company, that SHOS would be able to realize proceeds of upwards of 90% of the carrying value of its inventory, as suggested by recent store closures…”** + +&#x200B; + +[IYKYK](https://preview.redd.it/yjtyde7zx8m81.png?width=1124&format=png&auto=webp&s=87da092c4f9c5996efe8689e61db300086f2a3ea) + +**Yes, you heard that right. If it literally “burned the furniture” and its stock down overnight, a liquidation would earn it essentially 90% of its worth.** + +It was info like that which made deep value investors cream their corn. + +Investors were more than willing to not just like, but support the stock. However, the parent company, did not share investors’ enthusiasm. At least in the ways that mattered. + +# 4. I Find Your Lack of Faith Disturbing + +SHOS found itself hamstrung by Eddie Lampert’s Sears more than once through its dying days. + +Most notably, despite Kenmore’s high sales in 2016, it wasn’t getting much support from the parent company. **For one, Sears Holdings was NOT promoting its own brand of Kenmore appliances and NOT giving it any subsidy.** + +&#x200B; + +[Is SHOS gonna have to choke a bitch?](https://preview.redd.it/9vwy86a0y8m81.png?width=485&format=png&auto=webp&s=3736d729c1073a842e8a3a9175b5aa7d9ec64493) + +**As a result, this meant that SHOS stores had to LOWER prices for Sears-Kenmore brand shit across the board to compete.** This meant someone walking into a Sears Outlet store might see a new Samsung washer vs. a used Kenmore brand one. Usually, you might have even had people more willing to dig into a used/out-of-box or floor model appliance since Kenmore was roundly considered by many analysts to be “the shit” (my words, not theirs). + +&#x200B; + +**But despite Kenmore having BETTER sales and arguably better brand recognition at the time, it had to lower its prices sharply to compete without parent company help. This would all slowly eat into sales for the entire firm.** + +&#x200B; + +In this case, it’s easy to argue that Eddie Lampert shot Kenmore sales in the dick by failing to push one of its biggest movers. **We also notice how little Lampert helped SHOS with what happened with Whirlpool, one of the biggest appliance suppliers to SHOS.** + +&#x200B; + +[like fucking clockwork Eddie](https://preview.redd.it/k0zyl6j1y8m81.png?width=376&format=png&auto=webp&s=3551ba89dafd3f8f68dce5b8961c2e423f92dfd0) + +**Whirlpool had actually had deals ongoing with Sears Holdings (think Sears’ parent company and the giant anchor stores). However, since it felt that just like Kenmore, Eddie Lampert was effectively shooting it in the dick, SHOS inked an INDEPENDENT supply arrangement with Whirlpool:** + +&#x200B; + +>“**This is a testament to the financial strength of the SHOS balance sheet, and another reminder to skeptics that Sears Hometown and Sears Holdings may have similar sounding names, but they are NOT the same company.”** + +&#x200B; + +**Now this is frankly fucking insane, that Whirlpool told the parent company to fuck off and asked instead to deal with the smaller but baller pal instead.** + +&#x200B; + +[from the article \\"Who Dumped Who? Sears or Whirlpool?\\"](https://preview.redd.it/hzjm65w2y8m81.png?width=1200&format=png&auto=webp&s=17f82102913a8f33c90d7a97264dea2c36e1ca38) + +**But these deals might have meant gold to their bottom line: SHOS’ 2016 10-K said that operating independently of SHLD might have meant lower costs as they now sourced those products independently. (Remember, this is what helped make it the only retailer to own the top 10 of all appliances under its own roof, even more than its own parent company**!) It even received a $40 million loan (facility) from Gordon Brothers to help support this move for these independent deals with Whirlpool and others. + +&#x200B; + +And this was apart from its continued pushes to innovate itself, like lease-to-own moves for appliances (think Rent-A-Center), leveraging a direct purchase agreement with Ashley Furniture and noticing a sizeable increase in sales once it started rebranding certain stores as “America’s Appliance Experts”. **It wasn’t just pissing in the wind, SHOS noticed its appliances, brand name and quality MATTERED.** + +&#x200B; + +&#x200B; + +# 5. Alexa, say “Go Fuck Yourself SHOS” + +Sears’ Kenmore brand–despite its being hamstrung under the SHOS umbrella–had exclusivity in who could just sell its appliances. + +&#x200B; + +That list included the following tickers/companies: + +1. Sears Holdings (SHLD) +2. Sears Hometown & Outlet Stores (SHOS) +3. **Amazon (AMZN)** + +Wait WHAT? What did you just say? + +&#x200B; + +Yes. Amazon. **Jeff Bezos’ pet project of Amazon–after his pet projects of fucking Americans through hedge fund D.E. Shaw but before the pet project of sending steel dildos into space–was allowed to start selling Kenmore appliances back on Amazon .com in a year when SHOS was knocking it out of the park with 73% of all sales being appliance sales, and Kenmore alone being HALF of that.** + +&#x200B; + +https://preview.redd.it/3dt2pzn4y8m81.png?width=1319&format=png&auto=webp&s=3996adbd3701c9065a47049b5a4696a043d18253 + +**So Lampert, who WASN’T helping his own offshoot SHOS with their Kenmore brand, decided to suck the dick of Wish-brand Lex Luthor?** + +&#x200B; + +**Its appeal wasn’t just dedicated to bolstering Amazon’s digital presence either. It was looking for some sYnErGy in the shape of an object that Amazon was pushing into households more than any other: Alexa.** + +&#x200B; + +>**The latest deal also allows owners of Amazon’s Alexa digital assistant to control digitally connected Kenmore appliances. That aspect was particularly appealing to Amazon, Amobi said.** +> +>"This is another way for them to advance the penetration of that technology," he said. "This allows you to be able to activate your washing machine with voice control. It sounds quite appealing in some respects." + +&#x200B; + +![img](l5qabvv5y8m81 "Got it! Deep fucking integration help for Bezos, but go fuck yourself to your own company. Thanks Eddie! +") + +**If we revisit our "Taken" monologue, we come to a stirring crossroads. Yes, there may very well be parent companies (Just like grizzled Liam Neesen-esque parents) willing to do everything to get their child back from the claws of bad actors.** + +&#x200B; + +**But what happens, when the parent company simply doesn't care? Or even worse, tells the bad actors where their child is hiding?** + +Despite these changes in the Kenmore brand and the lack of help from Lampert, investors in SHOS waved worries about these developments away. They felt SHOS as a company truly mattered and its appliance’ inventory truly mattered. It could stand on its own 2 feet. + +But as SHOS investors diamond-handed their shares, they saw something else that far too many GME investors were familiar with. + +# 6. 146 Days + +While Sears’ SHLD stock was tanking faster and faster into 2017 after a stellar year, investors saw some weird shit happen. + +&#x200B; + +**Eddie Lampert started buying SHOS stock in the open market. On Dec. 2017, in that single month he bought up 220K shares himself on the open stock market alongside retail investors like you. This was 1/30th of the float!** + +&#x200B; + +[ Comment on Lampert from apparent Sears intern back in the day ](https://preview.redd.it/0ezv31k6y8m81.png?width=1087&format=png&auto=webp&s=a41e5c1cb40ec570d214743efe8f8844fd212402) + +Other funds, including Nantahala Capital Management (\~10% ownership, largest institutional shareholder), Chou Management, Royce & Associates, & Renaissance Technologies bought more or held during this time. Which all lead to a crazyyyy runaway effect. + +&#x200B; + +Let’s compare some fuckery shall we? On June 4th, 2013, Sears’ Hometown & Outlet Stores (SHOS) nearly hit an all-time high price of \~$55. It had been riding high alongside Sears as a whole. Around that day, SHOS had \~2600 fails to delivers, or shares that had not been delivered. + +&#x200B; + +During March 2018, it hit a small short squeeze while trading a $2 per share, which many SHOS investors who saw some deep ahem, value in the stock were ecstatic over. **And why was that?** + +&#x200B; + +>**“According to Nasdaq, short interest in SHOS soared over 50%,** from 2.05 million shares at October 13, 2017, to 3.27 million shares at November 30. (It remained at 3.2 million shares at 2/28/18.) +> +>**Apparently, the "hard to borrow" status of Sears Holdings has carried over to SHOS, causing some to mistakenly liken SHOS to SHLD, and blindly shorting it as a proxy for SHLD.** +> +>**Indeed, SHOS may be setting itself up for the mother of all short squeezes. At 2/28/18, SHOS had a short ratio of 23%, and an astonishing days-to-cover ratio of 146...one of the highest days-to-cover ratios on the entire Nasdaq stock market! This compares to the SHLD figure of 18.5%, and a mere 9 days-to-cover.** +> +>If you factor in the fact that Eddie Lampert owns nearly 60% of the stock, and that 15% of the rest of the company is "locked up" in the hands of deep value investors that will likely not sell, without a significant price rise\*\*, the "truly available float" for shorting is probably only 25% of the outstanding shares, or 5.7 million shares. (This makes the short interest, as a percent of the adjusted float, sky high, and subject to a squeeze at any time!)”\*\* + +&#x200B; + +**Yes, here too motherfuckers. SHOS at one point was so damn shorted, it would have taken fucking 146 days to cover!** + +And the fun literally did not stop there. Up until the stock’s very last moments. + +# 7. Down for the Count + +In Oct. 2018, Sears’ own SHLD stock suffered a fate known to many heavily shorted stocks: it got delisted. I talked about this in another post: + +&#x200B; + +>**The timing was insane too. Remember how Q4 is always big for GME? Many were left going wtf at Sears filing for bankruptcy protection and closing \~150 stores a week before delisting, when there was a chance they could have held on longer.** +> +>Why? **Like ALL retailers, they usually make their most profits during Q4 and the Christmas season, big for all retailers whether GameStop or Sears.** + +&#x200B; + +https://preview.redd.it/7ur5rks9y8m81.png?width=640&format=png&auto=webp&s=f08473ca21e686c8445c52e1706ae8970ad1d408 + +SHOS, unfortunately, eventually joined it. + +Nearly 6 years later after SHOS’ all-time high in 2013…on August 28th, 2019, SHOS hit a price of \~$3.50. **On that day it hit 1.53 MILLION fails to deliver.** Two months later, the company was delisted at a similar price of $3.40. + +&#x200B; + +[ Couldn't squeeze the whole chart well enough but you se the spike right before delisting ](https://preview.redd.it/hy3163oay8m81.png?width=1265&format=png&auto=webp&s=f76e75d897ce8a248d41f6fdc5d40a297cd4afe1) + +To give you an idea of how insane this number of FTDs, remember: GME hit 3.2 million FTDs in Oct. 2020 at a float of about \~65 million shares (equivalent proportion to 5% of all shares available to be purchased as FTDs). + +&#x200B; + +**SHOS had issued shares of \~23 million (nearly 1/3rd of GME's) and had anywhere from 5 to 10 million shares in the float depending on who you asked! An utterly insane number and this may very well be the highest days to cover number I've seen, surpassing Tuesday Morning's 92 days to cover I found out about as well here:** + +&#x200B; + +[Tuesday Morning at one point was shorted to the point woulda taken 92 days to cover](https://preview.redd.it/afyhbgvby8m81.png?width=663&format=png&auto=webp&s=e35e938847e1ce56d44f8fad3bc92c7757011d33) + +Despite all this fuckery, we saw how the story of Sears had petered out. Just like Sears had gone bankrupt, only a few months after Memento S.A. had called out the heavy naked shorting on the stock back in 2017, SHOS joined its parent company. + +&#x200B; + +In the wake of its falling stock prices and just a few months before it got delisted, law firm Wolf Popper decided to step in as they saw that maybe Sears CEO Eddie Lampert was trying to fuck the smaller company arm: + +&#x200B; + +>“Wolf Popper LLP is investigating potential claims on behalf of investors in Sears Hometown and Outlet Stores, Inc. (Nasdaq: SHOS), concerning the proposed going private transaction of Sears Hometown by Edward Lampert, Sears Hometown's majority shareholder, through his hedge fund ESL Investments, Inc. According to Carl Stine, a partner at Wolf Popper LLP, "Edward Lampert currently owns almost 60% of Sears Hometown's outstanding shares and his $2.25 per share offer looks like an attempt to steal the company with a low-ball bid." + +&#x200B; + +As far as I have been able to find, nothing has yet come out of Wolf Popper's look into SHOS and Lampert's potential attempt to get the company at a steal. + +**It all comes to bear, like a game of "Clue" (or pick your "whodunit" movie): regardless of the hedge funds or market makers that may have also been involved, whom might have had a bigger hand in their fallout? Eddie Lampert, looking to get it for a steal? Or Jeff Bezos, looking to take out the biggest competition for one of the best selling appliance lines in the country?** + +**Or, frankly, why not both?** + +# 8. Collateral Damage: Revisiting the Story of Cool Holdings + +While looking up the story of SHOS, I noticed that it echoed a lot of what I saw in another company I studied in my “Spectator Mode” DD on how stocks are delisted. + +&#x200B; + +https://preview.redd.it/3hb4iupey8m81.png?width=660&format=png&auto=webp&s=355df0c268b2839b20a69db67b64a187d64754d8 + +I talked about how in Feb. 2020, GME had gone through some weird turbulence through its smaller associated stock to GME: Cool Holdings, which operated as a popular Apple goods reseller and bought out GME's Simply Mac business: + +&#x200B; + +>In Feb. 2020, Moody’s had downgraded GME’s debt, and Cool Holdings, which was buying GameStop’s Simply Mac business, had missed its first installment payment to GameStop. GME, on its own ropes and in need of help, demanded that Cool Holdings pay back the total of $8 million it owed to it immediately. +> +>We haven’t seen much of Cool Holdings in recent posts on Superstonk surprisingly. Despite being one of the largest Apple Premium partners back in the day, it also had a run of unfortunateness. + +&#x200B; + +https://preview.redd.it/kf3tifefy8m81.png?width=1142&format=png&auto=webp&s=a51bcf7e946b4d3f1e3c51b1860f45503052d7a0 + +>Cool Holdings got delisted itself just a few mere months prior, in Nov. 2019 by NASDAQ. This helped lead to that Motley Fool article only a few months later worrying for GME. Later on, Cool Holdings changed its name to Simply, Inc. and now–no lie–trades under the ticker SIMP. Its new gamer tag/CUSIP is 82901A105.) And in the case of CUSIP, which had a float of about 56 million or so shares around the time of delisting, it had a single FTD spike of nearly 1.3 million just WEEKS before its first payment to GME was due\*\*. (For comparison, GME had a \~1.7 million FTD spike around the same time, with its biggest spike being 3.5 million but during the sneeze. 1.3 million FTDs for a float of 56 million is BIG.) + +Cool Holdings made me think of SHOS and vice versa. Both were not–to some degree–the parent companies. But were smaller offshoots (or related offshoots) that were shorted with even more FTDs relative to their floats. + +It made me think that not only is a game plan for bad actors like big banks, prime brokers, hedge funds, market makers like Citadel & Virtu, shitty CEO & board like Eddie Lampert and Jim Bell, to drive down and naked short the stock of a company like Sears AND GME. But its also worth it to probably short down these offshoots EVEN MORE in companies like SHOS for Sears, or Cool Holdings for GME. + +# 9. Kidnap the Child + +When I first heard about RC's acquisition of 10% of BBBY (shoutout to u/ammoprofit on that!), I like many of you, lost my collective shit. **In fact, I found out about the buy-in WHILE I was finishing wrapping up this post;** I decided not to add anything about BBBY then but know that mighta been a mistake now. + +For just like the Sears & SHOS, or GME & Cool Holdings, the story of BBBY and one of its very own offshoots might be central to our storyline today. + +buybuyBaby was founded by brothers Richard & Jeffrey Feinstein back in 1996. It was eventually acquired in 2007 by Bed Bath & Beyond in 2007. **And for years, it only had 1 real big retail competitor: Babies 'R Us, owned by Toys' R Us who eventually filed for bankruptcy in 2018 around the same year that Sears went under (is this all starting to sound familiar?)** + +\*\*\*\* + +&#x200B; + +&#x200B; + +Now Bed Bath hadn't just acquired buybuyBaby during its run. From 2002-2017, it had also acquired Harmon Face Values, The Christmas Tree Shops, Cost Plus World Market, One Kings Lane, and [Personalizationmall.com](https://Personalizationmall.com). + +&#x200B; + +>The previous leaders of Bed Bath never adequately articulated why these acquisitions were good for Bed Bath, and never provided information about the financial performance of the individual brands after they were acquired. **That may make it easy for the new leaders to sell the acquired chains off quickly, without needing to offer an explanation. And potential buyers are already making offers...** + +**In Oct. 2019,** **Placer. ai** **found that 4 of those acquisitions, including Bed Bath "could be strong performers, either as sold-off assets, or as part of a re-imagined Bed Bath." A group of activist investors known as "Restore BedBath" argued selling off non-core assets and inventory rationalization could net a $2 billion windfall if the company nutted the fuck up.** + +**But guess which company of the 4 acquisitions had done the best in terms of longest shopper visits? That's right, BuyBuyBaby, with average visits lasting 52 min.** (The next closest was Christmas Tree Shops at 46.) **This is all as CNBC's Maggie Fitzgerald wrote that BuyBuy Baby ALONE may have been worth more than ALL OF BBBY the very next year, in the midst of the pandemic and months before the meme stock sneeze.** + +&#x200B; + +https://preview.redd.it/kls1u8g969m81.png?width=885&format=png&auto=webp&s=057e916bc5937f706a883cac05370774e338f46a + +>**"\[Bank of America\] estimates Buybuy Baby's enterprise value is equal to nearly all the current enterprise value of Bed Bath & Beyond."** + +&#x200B; + +And this isn't counting the deals that it had done during the pandemic, including with Shipt and Uber to race and get more baby goods to parents staying at home, while still offering an often highly rated baby registry competing with another big: Amazon. + +&#x200B; + +So even buybuyBaby's (and BBBY's story) may not be in a vacuum, dear apes. And it is context like these that reminds us of our monologue. + +We were always worried, and oftentimes laughed and meme'd about Ken Griffin, Doug Cifu, Stevie Cohen and all the other financial terrorists worried about marge calling. And at this point, we know the fuckery is beyond all bounds. We even see in the spike in nickel commodities earlier that these fuckers won't even get fucking margin called, and have no one to answer to. + +&#x200B; + +But maybe now they do. **What happens when you have a Chairman with BDE oozing out his pores, who probably knows about how parent companies and their children in Sears & SHOS, early GME & Cool Holdings, and BBBY & BuyBuyBaby turned out? Maybe Ken doesn't need to fear Marge anymore. Maybe the next time he picks up the phone, he will hear a very different voice, and a very different tune...** + +&#x200B; + +https://preview.redd.it/0dsk9ovn79m81.png?width=484&format=png&auto=webp&s=8eec8f016cd7be5af0a4f790aa8c775b072332cd + +>*Just kidding. I do know who you are...If you are looking for ransom I can tell you I have money, but what I also have are a very particular set of skills.* +> +>*Skills I have acquired over a very long career of building companies into the sky. Skills that make me a nightmare for people like you.* +> +>*If you let this \[child\] go now that'll be the end of it.* +> +>*Just kidding. I will look for you, I will pursue you, I will find you and I will end you."* + +&#x200B; + +**TL;DR:** + +* **SHOS, or Sears Hometown & Outdoors Stores, spun off from Sears in 2012. It had done strong, consistent numbers in 2016 and 2017, making nearly 72+% of all its revenue from its appliances' line including Sears-brand Kenmore, as well as others.** +* **Despite strong sales for Kenmore appliances, parent company/Sears CEO Eddie Lampert did barely anything to help out SHOS or Kenmore's appliance line. On the other hand, in 2017, Lampert decided to allow Jeff Bezos' Amazon to be the ONLY non-Sears company to sell Kenmore. Those appliances were then allowed to be Alexa-compliant. (This all may perhaps very well be one of the first direct/indirect links to the infamous "Busting out the Competition" DD).** +* **In 2018, SHOS encountered a crazy amount of short interest, even more so than Sears. At one point, it would have taken 146 days to cover all the shorted shares, and had 1.5 million FTDs shortly before delisting.** +* **SHOS' story is very very similar to GameStop's Cool Holdings/Simply Mac business, a related GME company that was potentially shorted even more than** **GME. BedBath's BuyBuyBaby may have encountered a similar "kidnap the child" scenario, where BedBath's liquidation meant grabbing Baby's offerings at a steal.** + +&#x200B; + +EDI T 2: changed "direct" to "indirect" Not like I have 100% verifiable proof its proof of the "Busting out the competition" DD +The IRS has published the new rules for the 2018 cycle [here](https://www.irs.gov/newsroom/irs-announces-2018-pension-plan-limitations-401k-contribution-limit-increases-to-18500-for-2018): + +The 401(k) contribution limit has been raised from $18,000 to $18,500 — the first jump in that ceiling since 2015. This also applies to 403(b)s, the majority of 457 plans and the federal government Thrift Savings Plan for 2018. + +No change to IRA contribution limits, however the phase out ranges have been increased: + +For those covered by a workplace retirement plan such as a 401(k), the income ranges for Traditional IRA deduction phaseouts now: + +- For single taxpayers with a workplace retirement plan, the deduction is phased out for those making $63,000 to $73,000, up from $62,000 to $72,000. + +- For married couples filing jointly, where the IRA contributor is covered by a workplace plan, the income phaseout range rises to $101,000 to $121,000, from a range of $99,000 to $119,000. + +- For couples where the individual contributor is not covered by a plan, but their spouse is, the income phaseout range climbs to $189,000 to $199,000 from $186,000 to $196,000. + +There were increases in the income phaseouts for Roth IRA contributions too: + +- For single taxpayers, the phaseout range is now $120,000 to $135,000, up from $118,000 to $133,000. And for married couples filing jointly, the income phase-out range is $189,000 to $199,000, up from $186,000 to $196,000. +Bloomberg reports: + +> Nvidia Corp. is in advanced talks to acquire Arm Ltd., the chip designer that SoftBank Group Corp. bought for $32 billion four years ago, according to people familiar with the matter. + +> The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified because the information is private. Nvidia is the only suitor in concrete discussions with SoftBank, according to the people. + +Link: https://finance.yahoo.com/news/nvidia-advanced-talks-buy-softbank-093534709.html + +This is a pretty big deal and would shift the ownership of ARM from a Japanese company to an American one. It'd be a tough approval both in the US (competitive reasons) and China (geopolitical reasons), even in Japan and UK. + +There is no price quoted so I'll open the bidding at $100B. OK maybe not that much but I can see at least $60B. +After trying to rent for many years, I feel like the reality of renting is far different than what is talked about here. I'd like to give the other side of the story, and share my experience as a long-time renter: + +&#x200B; + +**Beware of buying - you'll have a ton of repair / upkeep costs.** + +Reality: + +*Major Repairs*: I've rented my entire life. Very rarely have I needed a major home repair. I don't understand where this "you'll spend 1-2% a year on major repairs" comes from. The risk of major **immediate** issues can be greatly reduced by a proper home inspection. I understand there are still risks, but these risks are not as great as people make them out to be, in my experience. + +*Minor Repairs*: If you rent a home, you don't magically escape paying the upkeep costs. Every rental company I've rented from expects me to mow the yard, upkeep the yard, clean the gutters, and to take care of trivial repairs under $100. This is probably different for apartment rentals. I actually prefer policies like the ones I've agreed to - I'd rather spend 100 bucks ever month to ensure I don't have a landlord in and out of our (sigh... their) house. + +&#x200B; + +**Buying a home is not an investment, invest your money instead:** + +Reality: + +I don't need to move, and a mortgage payment is just as much as rent where I live. Therefore, I can either put my $1400/mo towards rent, or towards a mortgage. Why is putting $1400/mo towards rent more financially prudent than putting it towards ownership in an asset? + +&#x200B; + +**Other realities of renting:** + +**- Rent prices rise much higher than taxes + fixed mortgage** \- My rent was $950, now its $1495, soon it'll be higher. + +\- **Bad landlords** \- People seem to assume all landlords are great and will pay for everything. The reality is that most will nickel and dime everything, and will just do the cheapest fix possible to get you to stop complaining. + +\- **Lack of stability** \- Want to put down roots? Sorry, the landlord wants his kid to have the house now, you gotta go. + +\- **Sterile environment** \- It is not wise to put money into the house, because it's not yours. Therefore, you house is only as nice as your landlord wants it to be, and things are usually less home-y and personalized as a result. + +\- **Unchangeable -** you can't really re-paint or revamp anything, and it would be a bad idea to do so since it's not your house. + +\- **High security deposits** \- rentals have "closing costs" too. they are called "security deposits". Most can be 1-2k depending on the house, and you will also need to pay your first / last months rent (3-4k), and potentially a non-refundable pet deposit, plus $50/month per pet. I've gotten my security deposit back like 50% of the time, it's definitely not guaranteed, and isn't worth going to court over. + +\- **Random visits** \- hope you don't like privacy because the landlord can pop in whenever they'd like with sufficient notice (48 hours notice is still a huge hassle). + +&#x200B; + +&#x200B; + +**Final thought** + +*Assuming you don't need to move in the next 3-5 years*, I think it's almost always better to buy. I'd have at least 30k in home equity if purchased instead (I've paid \~ 50-75k in rent over the years). +Guten Morgen to this global band of Apes! 👋🦍 + +The SHFs continue to rack up losses as GME continues to rebound following their most recent short campaign. +Did the $600m cash infusion that Citadel got less than a month ago already run out? +With the reports of turmoil at Goldman Sachs, the continued FUD campaign, and 3 days of significant upward momentum, the winds have changed. +While cautious, I remain optimistic for the days ahead. + +On the digital marketplace side of things, I am incredibly excited for the coming weeks. +GameStop assembled a team and formed partnerships to build a foundation, and have built the marketplace brick by brick. +As we begin to see the road that they have built, I cannot wait to see how they bring customers aboard. +I feel that there are still pieces to put in place, but that we will soon see what they've been working toward. + +Today is Tuesday, September 13th, 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: **$29.54 / 29,09 €** *(volume: 2319)* +- 🟥 115 minutes in: $29.54 / 29,09 € *(volume: 2133)* +- 🟥 110 minutes in: $29.55 / 29,10 € *(volume: 2133)* +- 🟩 105 minutes in: $29.57 / 29,12 € *(volume: 2117)* +- 🟩 100 minutes in: $29.56 / 29,11 € *(volume: 2112)* +- 🟥 95 minutes in: $29.54 / 29,09 € *(volume: 2084)* +- 🟥 90 minutes in: $29.55 / 29,10 € *(volume: 2040)* +- 🟥 85 minutes in: $29.56 / 29,11 € *(volume: 2040)* +- 🟥 80 minutes in: $29.57 / 29,12 € *(volume: 1920)* +- 🟩 75 minutes in: $29.60 / 29,14 € *(volume: 1886)* +- 🟩 70 minutes in: $29.56 / 29,11 € *(volume: 1846)* +- 🟩 65 minutes in: $29.47 / 29,02 € *(volume: 1845)* +- 🟥 60 minutes in: $29.40 / 28,95 € *(volume: 1843)* +- 🟩 55 minutes in: $29.48 / 29,03 € *(volume: 1238)* +- 🟥 50 minutes in: $29.44 / 28,99 € *(volume: 1238)* +- 🟩 45 minutes in: $29.52 / 29,07 € *(volume: 1226)* +- 🟩 40 minutes in: $29.48 / 29,03 € *(volume: 1171)* +- ⬜ 35 minutes in: $29.44 / 28,99 € *(volume: 1169)* +- 🟥 30 minutes in: $29.44 / 28,99 € *(volume: 1068)* +- 🟩 25 minutes in: $29.44 / 28,99 € *(volume: 1068)* +- 🟥 20 minutes in: $29.43 / 28,98 € *(volume: 1068)* +- ⬜ 15 minutes in: $29.43 / 28,98 € *(volume: 1061)* +- 🟩 10 minutes in: $29.43 / 28,98 € *(volume: 1061)* +- 🟩 5 minutes in: $29.42 / 28,97 € *(volume: 522)* +- 🟩 0 minutes in: $29.32 / 28,88 € *(volume: 167)* +- 🟩 US close price: $29.24 / 28,79 € *($29.26 / 28,81 € 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 1.0155. 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! +Accidentally spent most of what little money I had on gas by not paying attention. What food can I buy that will get me through the week for less than $10??? I know beans and rice is the easy answer and I'll do it if I have to, but pinto beans are one of my least favorite things in the world. + +----------------------------------------------------- +Edit: Thanks for all the replies everyone! You've all been an amazing help! After getting home from work I realized I have a large container of coins I've been saving for quite awhile. There's easily $20 in here that will make this week much easier on me. (All though I'll admit I'm not super excited to be paying most of my grocery bill in quarters.) Once again thanks for everyone's posts! I'll probably follow some of your advice even after I've been paid because fast food has been the death of me. I probably wouldn't be in this mess if I didn't eat out so much! I can't go back and see how much I've spent on fast food because I usually pay in cash, but I'm sure my budget would be closer to $100 if I had made more home meals. +—-------------------------------------—--------- + +Edit 2: You guys are going way above and beyond!! I'm being bombarded with all these great ideas that I'm actually starting to get a bit excited for my coming week if you can believe it. This community has blown my mind with how helpful everyone is, I've even had a few different people offer to send me extra cash which is absolutely insane to me! I think with my extra change I realized I had I should be O.K, so I'm not going to accept anything... Like I said earlier my dread for the coming week has transformed into excitement and hopefulness for the future so Thanks to everyone again! + +P. S +Tomorrow I will be going on my fateful grocery trip. If anyone is interested I'll post some updates along the way and throughout the week. +Hello! Hoping to get some advice for my mom's terrible financial planning. + +Background: My mom (50) has pretty much never worked in her life, never paid into social security, and has zero savings. Her spending habits are equally as terrible. She got by from different marriages, or different men taking care of her. Now she's going through another divorce and coming to me for help. She will be getting $3,600 in alimony each month for three years. + +After I refused her request to move in with me she brought up the idea of co-signing for a multifamily rental (I have one so that's where she got the idea). I accepted the idea as long as I'd be able to take myself off the mortgage within a year. However, after doing some research and talking to the underwriter it seems very unlikely that I'd ever be able to take myself off. In addition, I'm doubtful she will be able to pay the mortgage after her alimony is up even with rental income. + +Not too close to my mom, but don't think I could allow her to not have a place to live. Just wondering if anyone has made is through a similar situation without having to financially support your parent/parents for the rest of their lives. +Also, would it be as hard as I think to take my name off the mortgage? + +Thanks for reading! + +Edit: Well broke it to her that I wouldn't be co-signing. Went nicely as you could imagine 🙄, and her next idea is to turn to her parents. They're not going to so no either. +I was in the credit union today looking through all the currency exchanges on LRC wallet and thought to myself... I wish my bank did this. I kept thinking about Looprings liquidity challenge. + + +Then it hit me. + + +LOOPRING IS THE BANK. + + +IMX is the money. + + +GME is the marketplace. + + +The marketplace now only needs a location to sell its goods. This is where Apple, Microsoft, and Google come in. Meeting the customer on their phone and computers. + + +Microsoft bought Activision to develop the location. Anyone wanna play in Ready Player One? + + +I'm sure we'll see grocery stores, shoe stores, art stores, music stores, furniture, houses, etc... + + +GME will fracture the economy in two as liquidity drains out of the USD and into cryptocurrency where it will have a permanent use in retail stores being built. +I don't even fucking know where to begin, I am so god damned pissed off. I got lucky trading crypto last year and made a bit of money. I'm a full-time student and volunteer, so this was my only income - I made about as much as you would working a minimum wage job for a year. + +So I am poor as fuck, living on my own, going to school, driving around a piece of fucking shit hoopty that barely works, and the government wants to steal my meager income, much of which went to expenses and emergencies. Fine, whatever. But of course I have to keep track of all of these hundreds of transactions myself in preparation for this tax nightmare. The exchanges are a pain in the ass to work with, and their documents are sub par. Now I attempt to file my taxes with shitty Turbotax, and they won't even let me manually input my tax nightmare, they want me to pay some bullshit fee, the bastards. + +I'm about to just say fuck it, this shit is too confusing, too annoying, and too much of a pain in the ass. These motherfuckers can just audit me and send me the fucking bill, like they should be doing to begin with. Their job, not mine. You can at least do me the favor of figuring out the paperwork and exact amounts before you FUCK ME. + +FUCK + +Okay, so here is an edit for you people. Since I can't just fucking simply self-report easily and they must make it a massive hassle, I tried uploading reports. CSV file from Paypal doesn't work, so I tried using Koinly and Cointracker, but one doesn't work with Paypal, and the other also wouldn't accept the CSV, so I had to fucking sit there for an hour typing this bullshit in, but guess what, that was just a waste of time, because: CSV file from coinbase works, but just kidding fuck me actually, Turbotax doesn't accept that one either because it's over 400 transactions and I made more than 10k. So then I went through and deleted all of the penny transactions to get it under 400 and 10k, but then there is just some bullshit error right at the end and I can't file!!! + +Seriously, what the actual fuck is this bullshit? I AM TRYING TO GIVE YOU MOTHERFUCKERS YOUR CUT BUT YOU LITERALLY MAKE IT SO DIFFICULT FOR ME TO PAY YOU. And of course Turbotax bills me over $100, even though you're doing all the shit yoruself, just because crypto is involved. Billed me already but errors prevent it from filing. And on top of taxes and on top of shitty Turbotax, I would also have to pay over $100 for Koinly and friends. Fuck it then, really just fuck it, the IRS can kiss my fucking ass. +I don't even fucking know where to begin, I am so god damned pissed off. I got lucky trading crypto last year and made a bit of money. I'm a full-time student and volunteer, so this was my only income - I made about as much as you would working a minimum wage job for a year. + +So I am poor as fuck, living on my own, going to school, driving around a piece of fucking shit hoopty that barely works, and the government wants to steal my meager income, much of which went to expenses and emergencies. Fine, whatever. But of course I have to keep track of all of these hundreds of transactions myself in preparation for this tax nightmare. The exchanges are a pain in the ass to work with, and their documents are sub par. Now I attempt to file my taxes with shitty Turbotax, and they won't even let me manually input my tax nightmare, they want me to pay some bullshit fee, the bastards. + +I'm about to just say fuck it, this shit is too confusing, too annoying, and too much of a pain in the ass. These motherfuckers can just audit me and send me the fucking bill, like they should be doing to begin with. Their job, not mine. You can at least do me the favor of figuring out the paperwork and exact amounts before you FUCK ME. + +FUCK + +Okay, so here is an edit for you people. Since I can't just fucking simply self-report easily and they must make it a massive hassle, I tried uploading reports. CSV file from Paypal doesn't work, so I tried using Koinly and Cointracker, but one doesn't work with Paypal, and the other also wouldn't accept the CSV, so I had to fucking sit there for an hour typing this bullshit in, but guess what, that was just a waste of time, because: CSV file from coinbase works, but just kidding fuck me actually, Turbotax doesn't accept that one either because it's over 400 transactions and I made more than 10k. So then I went through and deleted all of the penny transactions to get it under 400 and 10k, but then there is just some bullshit error right at the end and I can't file!!! + +Seriously, what the actual fuck is this bullshit? I AM TRYING TO GIVE YOU MOTHERFUCKERS YOUR CUT BUT YOU LITERALLY MAKE IT SO DIFFICULT FOR ME TO PAY YOU. And of course Turbotax bills me over $100, even though you're doing all the shit yoruself, just because crypto is involved. Billed me already but errors prevent it from filing. And on top of taxes and on top of shitty Turbotax, I would also have to pay over $100 for Koinly and friends. Fuck it then, really just fuck it, the IRS can kiss my fucking ass. +From [the article "Here’s why you shouldn’t retire super early — even if you can"](https://www.marketwatch.com/story/heres-why-you-shouldnt-retire-super-early-even-if-you-can-2018-08-30): + +"Here’s one way to figure out if early retirement is a sound financial decision: if savings and investments can produce equivalent after-tax earnings to your current income and there’s a chance those earnings will grow similarly to a salary or bonus, then it may work, Mulvihill said. But early retirees also have to consider other components of compensation, including insurance coverage and employer matches in retirement accounts, he said." + +I was reading this article to perhaps pick up a few more nuggets of wisdom from the "other camp". This paragraph is not it. +**tldr:** Submitting a comment letter using [We-The-Investors comment letter template](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) is the simplest way for dumb lazy fucks like me to be heard. + +Thanks u/fewdea for even more direct links [in your comment](https://www.reddit.com/r/Superstonk/comments/ydfesm/comment/itt2lxx/?utm_source=share&utm_medium=web2x&context=3): + +[Google docs](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit) + +[Word doc](https://assets.website-files.com/619e87e78bd4839a1f4090fa/634981ca446cd718aa38c25c_WTI%20Comment%20Letter%20-%2013f-2.docx) + +[Whole thread](https://www.reddit.com/r/Superstonk/comments/y6dfd3/apes_get_in_here_sec_has_reopened_comments_for) + +\---- + +**ONLY \~100-200 comment letters have been "resubmitted" on SEC Proposed Rule 13f-2** + +This fact woke me up while listening to [Dave Lauer](https://twitter.com/i/spaces/1MYxNgaVdZRKw?s=20) this morning. + +The numbers: + +[Dave's post about number of comment letters submitted](https://twitter.com/UrvinTerminal/status/1582714610175860738) + +**Why?** + +Because I have not resubmitted mine... And I'm pissed at myself. I am a lazy dumb fuck - I admit it. Part of me was thinking, "Resubmit my comment letter? Wow, nothing will stop them from just deleting the evidence." Another part of me was thinking, "How many times will I have to resubmit this thing before it matters?"... and the list goes on. + +**What's wrong with me?** + +I don't really know, probably a lot. + +**What am I going to do?** + +I am going to get off my lazy ass and submit a comment letter. But this time, I'm going to embrace my 'lazy dumb fuck'-ness and I am going to include some of the valuable content from smarter, less lazier people than myself. + +&#x200B; + +🌟 **We-The-Investors - 13f-2 'resubmission' comment letter template** 🌟 + +[https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) + +&#x200B; + +**Should I use the We-The-Investors letter?** + +I absolutely despise plagiarism. I don't believe this is what is happening here. This letter was written as a TEMPLATE. Dave and everyone apart of We-The-Investors campaign did an incredible job with this. I cannot express my gratitude enough. + +I want to share my favorite part of the letter. These are the first two paragraphs: + +>We The Investors (“WTI”) appreciates the opportunity to comment on the U.S. Securities and Exchange Commission’s (the “SEC” or “Commission”) release on proposed Rule 13f-2 (“Proposal”) under the Securities Exchange Act of 1934. +> +>We The Investors have organized around five key principles as laid out in our Investors’ Bill of Rights. These include Transparency, Simplicity and Fairness, Choice and Control, Best Execution and Better Settlement and Clearing. This comment letter will focus on two of those principles - Transparency and Choice and Control. +> +>\--- Footnote: +> +>^(1) We The Investors is a grassroots advocacy campaign launched in March 2022 built by, and for, retail investors. Our mission is to educate retail investors in order to empower them to represent themselves on market structure issues. We are supported by industry firms and over a hundred thousand retail investors. + +&#x200B; + +**In conclusion** + +The footnote really hits home for me. They are able to state WHAT the advocacy campaign is, WHO it is supported by, and WHY it is being supported. This was all in a single footnote! + +This level of organization for a 'open-source' and 'faceless' community fills me with joy. It could very easily become a thankless job but they still do it. I appreciate that. + +&#x200B; + +I'll end with my interpretation of the 'WHY' for We-The-Investors: + +&#x200B; + +>Our mission is to educate retail investors in order to empower them to represent themselves on market structure issues. +I'm using the TDA API, and I get the price data. If my algo tells me to buy/sell I idmediately execute a market order. The time between fetching price and placing order is less than a second. But it's varying by a few cents, which is messing up my profits. Anyone have this same issue or possible solutions? +I’m curious. For those who have FATfire’d, how much cash did you retire with? Do you look at it as a percentage of assets, or number of years to cover expenses? If the latter, how many year(s) did you plan for and why? +What would happen to the economy of a first world country like America if robots were introduced on a large scale to replace low and unskilled labor? Logically, this should be a good thing as then humans would no longer have to work so hard, but my intuition tells me that somehow this is not what would happen... +Bloomberg is running a number of articles under their 'Australia's Lost Decade' series. The articles provide a scathing assessment of Australia's politics and economy. They paint a picture of stagnation and foreshadow a looming fiscal disaster: + +[26 Recession-Free Years Hide a Darker Picture for Australia](https://www.bloomberg.com/news/articles/2017-10-02/miracle-economy-turns-mediocre-as-policy-drift-drags-australia) + + + +[In the World’s Most Livable Cities, Hardly Anyone Can Afford a Home](https://www.bloomberg.com/news/articles/2017-10-04/in-the-world-s-most-liveable-cities-few-can-afford-to-buy-a-home) + + + +[Australia Has Slower Internet Than Kenya, Russia and Hungary](https://www.bloomberg.com/news/articles/2017-10-03/digital-doom-threatens-australia-where-internet-speeds-lag-kenya) + + + +[Why Energy-Rich Australia Suffers the World’s Priciest Power](https://www.bloomberg.com/news/articles/2017-10-05/how-energy-rich-australia-ended-up-with-world-s-priciest-power) + + + +[Australia's Luck Has Run Out](https://www.bloomberg.com/view/articles/2017-10-03/australia-s-economic-luck-is-running-out) + + + +[How Pension Funds Are Nickel and Diming Australia](https://www.bloomberg.com/gadfly/articles/2017-10-05/how-pension-funds-are-nickel-and-diming-australia) + + + +[Only One Major Asian Stock Market Has Shrunk This Decade](https://www.bloomberg.com/news/articles/2017-10-04/world-markets-leave-australia-behind-in-land-of-shrinking-equity) + + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So you had a bad day. Maybe your portfolio took a hit or something happened at work. Here's how to deal with it, without being a dick to your loved ones. + +For starters, acknowledge that you're probably going to be touchy, things might set you off. So you're going to need to destress. + +Go home, eat a snack, kiss your wife or hug your kids. Now go and do something nice for them. Take out the trash, empty the dish washer, do some chore that you've been putting off. It'll help. I don't know why it helps, but it does. + +I think out ape brains can't really weight things objectively so getting a small win offsets a greater loss. + +Now, do something for you or just relax. It is what it is. If your partner wants to talk about it, talk with them. But you don't have to fix it today. All you have to do is not be a dick to the ones that love you. +Edit Holy fuck this is real LOL - https://news.gamestop.com/node/18661/html + +🚀🚀🚀🚀🚀🚀 +——————————— + +“SHORT SQUEEZE possible” mentioned in GME 10K! They know what’s to come! + +Wow did anyone see this? A prediction of what’s to come. It’s in the filed 10K! +Thoughts and comments please? + + it's in the 10-K as plain as day. It reads " A "short squeeze" due to a sudden increase in demand for our class A common Stock that largely exceeds supply has led to, and may continue to lead to, extreme price volatility in shares of our Class A common stock. Investors may purchase shares of our Class A common stock to hedge existing exposure or to speculate on the price of our Class A common Stock. Speculation on the price of our Class A common stock may involve long and short exposure. To the extent aggregate short exposure exceeds the number of shares of our Class A common Stock available for our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A common Stock for deliver to lenders of our Class +A common Stock. Those repurchases, may in turn, dramatically increase the price of shares of our Class A common stock until additional shares of our Class A common Stock are available for trading or borrowing. This is often referred to as a "short squeeze." A large proportion of our class a Common Stock ha been and may continue to be traded by short sellers which may increase the likelihood that our Class A Common Stock will be the target of a short squeeze. A short squeeze has led and could continue to lead to volatile price movements in shares of our Class A common Stock that are unrelated or disproportionate to our operating performance or prospects and, once investors purchase the shares of our Class A common Stock necessary to cover their short positions, the price of our Class A Common Stock may rapidly decline. stockholders that purchase shares of our Class A common stock during a short squeeze may lose a significant portion of their investment." +Warren Buffet, in a shocking move dumped all his airline stocks in April taking a hit of approximately $5 billion resulting in significant losses for his airlines portfolio. Critics argued that the shutdown was temporary, and air travel demand would bounce back. + +Shares even regained the lost value by May prompting many to call Mr. Buffet’s decision unwise. Even the CARES Act was designed keeping six months in mind after which travel demand was expected to pick-up. + +Four months after the sell-off, the aviation industry is in deeper crisis and looks like Warren Buffet was right. + +Here’s the link https://www.rateacabincrew.com/blog/post/warren-buffet-was-right-about-selling-entire-us-airline-stocks +&#x200B; + +https://preview.redd.it/myqj5zm8hh171.png?width=1214&format=png&auto=webp&s=31e612335e5ea21fd67cb711fb922a87e823e326 + +**In the** [hearing that is going on right now with all of the CEOs](https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms)**of the major banks, it was pointed out that over 2.1 million mortgages are seriously delinquent, meaning they are behind more than 90 days.** + +[To compare this to 2008](https://www.federalreserve.gov/pubs/feds/2008/200859/200859pap.pdf): + +>The mortgage market began suffering serious problems in mid-2005. According to data from the Mortgage Bankers Association, the share of mortgage loans that were “seriously delinquent” (90 days or more past due or in the process of foreclosure) averaged 1.7 percent from 1979 to 2006, with a low of about 0.7 percent (in 1979) and a high of about 2.4 percent (in 2002). **But by the second quarter of 2008, the share of seriously delinquent mortgages had surged to 4.5 percent. These delinquencies foreshadowed a sharp rise in foreclosures: roughly 1.2 million foreclosures were started in the first half of 2008, an increase of 79 percent from the 650,000 in the first half of 2007** (Federal Reserve estimates based on data from the Mortgage Bankers Association). No precise national data exist on what share of foreclosures that start are actually completed, but anecdotal evidence suggests that historically the proportion has been somewhat less than half. + +Look at the numbers. We are fucked. + +Hopefully someone can get a screen cap of the statement. It was one of the first 3 senators who pointed this out. + +My personal opinion: is goes hand in hand with the growing numbers in reverse repos. The banks need collateral since the mortgages are about to go belly up, hence being worthless. + +More than 8.2 million homeowners are behind: [https://www.usda.gov/media/press-releases/2021/02/16/biden-administration-announces-another-foreclosure-moratorium-and](https://www.usda.gov/media/press-releases/2021/02/16/biden-administration-announces-another-foreclosure-moratorium-and) + + 2.1 of them behind more than 90 days. + +**TLDR: 2008 reloaded. The housing market is about to blow up.** +Like the title says my parents received a letter from university saying I have had a book checked out since February 2018. I have no recollection of the book title and it is completely unrelated to my studies (this was my masters year so my classes were highly specialized). I also finished school in 2018 and would think any unpaid debt would prevent me from walking. They are asking me to send $90 or be sent to collections and that seems ridiculous. Is there anything I can do other than a phone call? + +UPDATE 3/24/2022: turns out this was some sort of coveted rare book or something but I filed an appeal and was informed the book was found and the charge was removed from my account. Thanks everyone for the help. +What I am seeking may be too niche, but worth a shot: + +* My wife and I (no kids) are 100% remote workers, and we make about $400k per year +* We do not currently have a full-time residence, and have been living in rentals for 3-4 months at a time. +* It's important to us the place has very good wifi, and separate rooms with desks, chairs, and ideally computer monitors (though we have been shipping ours) +* Up until now, we have been making it work through Craigslist, and honestly living the dream. Miami for 4 months in the winter, Santa Fe last fall, we are looking at Aspen for next winter, etc. We have been really lucky through CL so far in terms of quality and price, but I feel like eventually our luck will catch up with us. + +The standard solutions don't work for us: + +* Vacation rentals are way too expensive for 3-month stays. Like $20k per month with crazy fees. We are not really on "vacation" but more or less on short-term leases that we treat like our primary residence. +* Hotels don't work because we need dedicated work space, dependable internet, and they are very small. Also we would want a full kitchen and such. + +The ideal vision: + +* The ideal solution for us (which again, may be way too niche) would be like a portfolio of homes to buy into or a net jets fractional-like situation where we could rotate spots every 3-4 months. Does anything like this exist? We would definitely pay $100k/year to have access to something like that and rotate every few months. Either on an ownership basis a-la netjets or a a purely lease basis a-la jet card. Knowing we were landing in new location with WFH stations already set up, internet that was 100% reliable, maybe a certain caliber of cookware and Sonos (being picky here) would be ideal. Does anything like this exist? If not, would it be worth creating it? Even if it wasn't a big business maybe we could find 10 other WFH type couples to lease or buy a couple key homes? Or would the logistics eat us alive? + +Thanks so much +Thank you so much for all of the great advice! For those asking, my brother will turn 18 in less than a month, which makes the deadline for applying to be an emancipated minor pretty unrealistic. And thank you for all of the concern about his safety! He is safe and staying with me. I am older and have a stable job, but unfortunately don’t have enough to help him out much with school. +Wall of text that has been a long time coming - on payday in June 2016 I owed £36,653.37 across seven different credit cards with various punitive and zero rate interest charges every month. + +I have had credit cards ever since the nice man at Newcastle university was peddling his uni-branded MBNA card in my face at 17, I'd apply for overdrafts to buy new graphics cards and mess about playing championship manager (thats how long this has been going on) and Quake 3 when I should have been learning about C++ and networking. And because everything was fine, there has always been an acceptability to me about the notion of being in debt. + +When I got my first job and had some cash on my hip I would reach to my means and beyond each and every month, both in terms of spends and things like rent, getting a flat that someone with far greater means than mine should be in. But the system let me do it, so it must be an okay thing to do, right? + +I had gone into a house purchase approx ten grand in the hole, after which expenses shot up, apparently with corresponding increases in availability of credit. If they think I'm good for it, I must be good for it right? Right?! Thats what brought me to the 36k figure referenced above. Personal responsiblity is a big part of this and my misconception that through things like credit checking there was no way I would be 'allowed' to get in a mess that couldn't be gotten out of. That is falsehood of my own imagination - nobody made this mess but me and its nobody else's fault but mine that it was allowed to happen. + +I can't pinpoint what made me come to my damn senses with this much distance but I recall it as a dark place and a tipping point where I could no longer keep my head above water month-to-month. Day to day living was going on credit and lifestyle did not match my means, if I am honest I don't think it ever had. + +I made a spreadsheet of what was owed to whom, and every month added another column to indicate progression. I put everything that I could on 0% and did my best to aggressively pay off the highest interest rate balances. + +https://imgur.com/a/2WAIbHU + +Yellow months are making the minimum, red months incur interest or fees, green months pay more than I needed to. + +Some months I pulled the belt tighter and tighter to race against an expiring 0% deal I knew I couldn't replace, some months I bought something I had been putting off. Every month it became plain to me how much I was spending unnecessarily and how little difference blowing all my money on some toy or other mattered to my happiness beyond the immediate moment - and indeed how little grand gestures of spending mattered to my partner. + +On payday in January 2021 I have just settled my last outstanding balance to leave me at £0. The future - worldly circumstances excepting - is bright. I have been through employment and life ups and downs in this time but never once completely derailed - some months I incurred charges, some months I paid less off, but after June 2016 I *never* allowed the debt to get bigger - each month it was smaller, if only by a bit. And I will *never* allow this to happen again. + +This community has been a big part of my success in tackling my problem. It has given me a technical basis on which I could operate to achieve it, a support mechanism in keeping things on track, and an understanding of the human condition that previously brought me to that dark place. One of the little driving things for me was the knowledge that when I had done it, I would make this post and hopefully help someone in a similar situation to get control for themselves. + +I return now to the basic tenet I have read a hundred times on here about how borrowed money doesn't come from financial institutions, it comes from your future self, and any borrowed spending pleasure is just a corresponding deferred pain down the line. + +There is nothing about my journey which required anything other than a sharp dose of reality and a little self control, and I fully appreciate the good fortune I have had in maintaining my employment whilst I paid down my debt. There are things which influence debt management over which the individual has no control but - even on the months when I was logging a red column - knowing that I was the biggest factor in getting into this situation and the only factor that would get me out of it, stopped me from making a bad situation even worse. + +If you're in a mess, the best time to tackle it is right now, and if youre reading this, youre in the best place to figure out how and get support doing it. Thank you everybody ♥️ + +--------------------------------------------- + +Edit: another thought whilst I am vomiting all of this out. It is often said on this sub about how you shouldn't compare yourself with others and I am historically very guilty of this in a slightly different way to how it is is usually referenced (comparison of salary and lifestyle). I was doing the bulk of spending at a time in my life when the people I looked up to were also spending a lot - mum and dad had both just retired and were waxing money like it was going out of fashion, dad would always say to mum "if you want one, have one!" having lived frugally for years and years they were finally going to have some fun and I am glad they did before the ravages of time came for them both. Similarly, I started a new job when I was 29 and my bosses - whom I look up to and greatly respect carried themselves in a very generous fashion (as indeed they are perfectly numerically right to do when they're in charge and remunerated as such). + +Impressionable types like me will look at their loved ones and others they aspire to be like and take behavioural cues from them - everyone around me was spending hard so that made it okay for me to do it to. Wrong - I needed to spend according to my needs and means, and no individuals situation is a reference point for anyone else's spending habits. +So I made this [post](https://www.reddit.com/r/wallstreetbets/comments/oe9ruu/how_to_play_the_upcoming_market_crash/) about how to play the coming market crash and a lot of you have been asking, both in the comments and messages, about why I think the housing market is fucked and bubbly and primed for a crash. There's a bunch of reasons I'll get to shortly, but first lets take a little trip down memory lane to 2000-2001 in California when there were a bunch of rolling energy blackouts. + +In 2000, California was getting hit with blackouts and high prices, power companies were failing, and it seemed like the crisis came out of nowhere. I remember watching this on the news and being confused as to how Cali had power for all their stuff last week, but not this week, and all the press talked about how this was the new normal and people needed to get used to it/stop using so much power/people were too greedy with AC, etc. etc. Then there was this one guy who came out and said Gov. Gray Davis should send the National Guard to seize the power plants and keep them on. Everyone pointed and laughed at the crazy conspiracy guy. Except, here's the kicker. Crazy conspiracy guy was 100% right. Enron was shutting down power plants to drive up demand and cause artificial shortages to make money. When the blackouts and price spikes were happening, Cali had 45GW of installed power, and demand was running at 28GW. Fuckery was afoot. + +So, whenever I see something that doesn't make sense in any kind of market, I always wonder, is there a reason for this? Or is it Fuckery? Let's talk about the current boom in housing prices and why I suspect Fuckery. + +All data is taken from the Fed and the US Census Bureau. I left off decimals wherever possible because I know my audience can't do that kind of fancy math. + +In 2004 (roughly the peak of US homeownership rates) the US homeownership rate was a bit over 69%. In 2021 it's at 65%. In 2004 there were 122 million housing units in the US. In 2021 it's 141 million. US population in 2004 was 292 million. In 2021 it's 331 million. Throw all these numbers into a blender and you get: + +A 13% increase in population, a 4% decrease in homeownership rate, and a 15% increase in housing supply. Yes, that's right, the housing supply has increased faster than the population, and the homeownership rate during that time has dropped. So where the fuck is this crazy demand coming from? + +Are people making more money? Nope. Workers share of corporate income has fallen from 79% in 2004 to 77% in 2021. So in real terms wages are down. + +Is it immigrants? Nope, immigration has been falling for years. + +Is it young people starting families? Nope, family formation is close to all time lows and the oldest millennials who are approaching 40, are 20% poorer than boomers were at their age. + +Is it inflation? Nope, bond yields are currently signaling deflation, but the bond market has been wonky as fuck all year so who really knows. + +So basically you've got more supply relative to population, construction of new units is slowing down - 1.8 million starts in Jan to 1.7 million starts in March down to 1.6 million starts in May, prices are rising, and sales are slowing. Jan 6.5 million existing home sales, 993,000 new home sales. May 5.8 million existing home sales, 769,000 new home sales. + +So, to recap for the slower folks in the helmets on the short bus with the flavored windows: + +**Prices: Up. Wages: Down. Supply relative to population: Up. Demand: Down. Sales: Down. Construction: Down.** + +Yeah, it's a fucking bubble. And clearly, Fuckery is Afoot. Who is doing the fuckery and why I don't know. Maybe it's Chinese nationals trying to get money out of the CCP's control, maybe it's AirBnB, maybe it's Blackrock and REIT ETF's, maybe it's something else entirely, but it's definitely a bubble, and it's definitely Fuckery. + +**TLDR: Fuckery is Afoot. It's a bubble. Don't buy a house until the market crashes. And remember, millions of units are waiting to come on the market once evictions start up again.** + +Positions, same as the last post, puts on HYG because there are a lot of bullshit zombie companies that should have died years ago but are propped up by index investing and cheap corporate debt that the FED keeps buying, calls on SPXS because when this thing pops it's going to explode like nothing seen before to the point where Bigfoot and the Loch Ness Monster are going to sit around roasting marshmallows on the dumpster fire that used to be the stock market. + +One last nugget about housing? Residential Fixed Investment (it's a recession indicator, the acronym is apparently a banned ticker) was declining before the COVID crash, we were actually just starting a normal recession when that hit, which caused the FED to hit the panic button on the money printer. On a 30 year or more chart SPY has been vertical since the COVID bottom. Vertical lines in an index on a long term chart like that generally indicate the euphoria phase that precedes a massive crash. + +My date range remains unchanged, sometime between June and November of this year. If you want some specific dates to watch, check July 12th, July 19th, August 23rd, September 20th, and October 25th. I probably like August 23rd the most of those, but I buy retard positions on WSB, so you definitely shouldn't listen to me. + +EDIT: Sorry I've haven't updated this and am just now getting around to replies. Got my first pump and dump shill DM, so that's an achievement unlocked I guess. + +I just want to say how much I love all you beautiful retards. Half the goddamn replies are "housing is up where I live so there's no bubble" The absolute best was the guy who pointed at a bunch of houses near him that have 10x'd in the last few years, and the one he just sold that nearly 2x'd in a year and a half. Bro. THAT IS THE FUCKING BUBBLE INFLATING. Like, the sheer number of you who think pointing out high prices rising fast refutes instead of confirms my thesis is amazing. Pure WSB retardation gold there. + +To explain something else that I'm seeing mentioned a lot, renters ARE accounted for, so are multifamily households. That's why I used total population and total houses and homeownership rate. +40 million people and +20 million houses only works out to less supply if well more than half of those 40 million are living alone. And spoiler, they aren't. The decline in homeownership coincides with the increase in renters. + +EDIT2: because I'm seeing a lot of "but people own more than one house" posts. A pair of quotes: + +"I own six houses. And a condo." "THERE'S A BUBBLE!!!" +As I grow my business towards an exit with a goal of $10M payout, I realized that I'm falling short in one area. + +I basically don't spend any money on clubs/memberships/activities that cost money as I started out poor and frugal. + +I have realized that this is likely costing me opportunities to interact with potential investors/mentors/technical people and thus grow my businesses and get funding. + +I already participate in martial arts and soccer but for whatever reason I'm just not finding the type of connections that I think I need. + +Therefore, I'm expanding my search and am willing to spend a couple thousand a year on recreational activities in order to connect better with potential partners. + +Most classic examples fall into a few buckets: + +(1) the bucket of "find things that rich people do" such as auto racing track days, sailing, golfing, competitive shooting, etc. + +(2) the bucket of "find things that technical people do" such as conferences and technical hobbies like RC planes, etc. + +I have intentionally excluded "network for the sake of networking" events that seem to be an endless stream of wantrepreneur wankery. + +So in the quest to FI, what non-cheap recreational activities are worth it in terms of ROI to get to FI? + +(Location is Silicon Valley) + +&#x200B; + +&#x200B; +Okay so I’m currently a Bio major. Random I know lol. I thought I wanted to be a doctor. I’m still interested in science, just don’t want to necessarily be a doctor. Anyways I’m approaching my last year of school, it will be 6 long years (I know what you’re thinking but depression and self doubt hindered me). I’ve always been interested in real estate, my dad was into it a few years ago. I saw my parents make HELLA money and from it opened businesses that helped other family members. Due to the market crash my dad got out and kept working his job. He’s still somewhat involved in stocks and recently sold his last business. + +I say all this to say that I’ve witnessed my dad have multiple streams of income while also maintaining a job. I want to do the same in a way. I told my dad this and he said if I go to real estate school he’ll pay for it. + +Is that do able while also finishing up college? It’s taken me a long time to finish up college and I don’t want to waste any more time that I already have. + +Kinda long post but I appreciate any feedback! + +Update: Thank you all for the feedback! I’ve decided I’m going to focus on my degree right now. I’m taking 20+ CH next semester and the Spring. I really want to focus on finishing strong. +I’m having a really hard time right now with my property. I got it for an amazing deal and bought it with cash. I am now about to finalize plans with an architect so my contractor and his team can begin work on the renovation. + +The problem that I am running into is that I do not have enough money to renovate my house, so I have been trying to figure out a way to get financing through my bank. I’ve run into countless issues including: + +- Home equity loans and HELOC’s not being given at this time. +- Unable to get a flat rate mortgage on it since I already own it outright. +- Only being able to get what I paid for the home in a cash out refi since I purchased it less than a year ago. In addition to that, if someone were to come and appraise the home, they wouldn’t give me a dime because I’m already down to the studs. + +The only options I can think of is a personal line of credit, but I’m struggling getting that as well. I know I made some mistakes with my first investment, however I’m really trying to work this out. + +Does anyone have any advice on how I could get financing, or have I exhausted all of my options? Thanks! +I’m currently renting but my goal for this year is to buy my first property whether it be (a) my first home or (b) my first investment property that I would buy & hold for the cash flow. + +What are pros and cons to doing one over the other option? My argument for (a) is I can start building up equity by paying a mortgage instead of throwing away rent and use a line of equity later on for an investment property. My argument for (b) is to use the rental income to pay off $25k in student loans and save up for a down payment on another property + +My current position: rent $2050/mo that I split half with my gf, $90k salary, $20k saved for a down payment, live in Northern California. +The website has now updated the price to $619,000. We signed a contract with a base price of $669,000. The construction is still to begin, but we have already put down $20,000 in earnest money, along with $10,000 for upgrades to the design center, making a total downpayment of $30,000. Any suggestions or insight would be greatly appreciated on how to negotiate the price adjustment with the builder. +The Federal Reserve on Wednesday approved a fourth consecutive three-quarter point interest rate increase and signaled a potential change in how it will approach monetary policy to bring down inflation. + +In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008. + +The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high. + +Along with anticipating the rate hike, markets also had been looking for language indicating that this could be the last 0.75-point, or 75 basis point, move. Specifically, some Fed officials along with Wall Street economists and strategists in recent weeks had talked of a “step-down” in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023. + +That language was not overt in the post-meeting statement from the rate-setting Federal Open Market Committee, though there was a tweak that could point to an adjustment in policy. + +This week’s statement expanded on previous language simply declaring that “ongoing increases in the target range will be appropriate.“ + +The new language read: “The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.“ + +The statement reiterated that policy changes “will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.“ + +Markets will look to Chairman Jerome Powell’s news conference at 2:30 p.m. for more clarity on whether the Fed thinks it can implement less restrictive policy that would include a less dramatic level of rate hikes to achieve its inflation goals. + +Along with the tweak in the statement, the FOMC again categorized growth in spending and production as “modest” and noted that “job gains have been robust in recent months” while inflation is “elevated.” The statement also reiterated language that the committee is “highly attentive to inflation risks.“ + +The rate increase comes as recent inflation readings show prices remain near 40-year highs. A historically tight jobs market in which there are nearly two openings for every unemployed worker is pushing up wages, a trend the Fed is seeking to head off as it tightens money supply. + +Concerns are rising that the Fed, in its efforts to bring down the cost of living, also will pull the economy into recession. Powell has said he still sees a path to a “soft landing” in which there is not a severe contraction, but the U.S. economy this year has shown virtually no growth even as the full impact from the rate hikes has yet to kick in. + +At the same time, the Fed’s preferred inflation measure showed the cost of living rose 6.2% in September from a year ago – 5.1% even excluding food and energy costs. GDP declined in both the first and second quarters, meeting a common definition of recession, though it rebounded to 2.6% in the third quarter largely because of an unusual rise in exports. At the same time, housing prices have plunged as 30-year mortgage rates have soared past 7% in recent days. + +On Wall Street, markets have been rallying in anticipation that the Fed soon might start to ease back as worries grow over the longer-term impact of higher rates. + +The Dow Jones Industrial Average has gained more than 13% over the past month, in part because of an earnings season that wasn’t as bad as feared but also amid growing hopes for a recalibration of Fed policy. Treasury yields also have come off their highest levels since the early days of the financial crisis, though they remain elevated. The benchmark 10-year note most recently was around 4.04%. + +There is little if any expectation that the rate hikes will halt anytime soon, so the anticipation is just on a slower pace. Futures traders are pricing a near coin-flip chance of a half-point increase in December, against another three-quarter point move. + +Current market pricing also indicates the fed funds rate will top out near 5% before the rate hikes cease. + +The fed funds rate sets the level that banks charge each other for overnight loans, but spills over into multiple other consumer debt instruments such as adjustable-rate mortgages, auto loans and credit cards. + +Source: [https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html](https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html) +A chap named Kent had invested $10 in a protocol called 'PoolTogether' which essentially gamifies the process of saving by offering them a chance to win awards from the interest generated by collected funds. + +A point to note here is- he was a part of Sen. Warren's team during 2020 presidential elections and that in the lawsuit he's described as someone who's gravely concerned at the prospective use of the cryptocurrency. His 'very legitimate' concerns are about climte change and crypto's role in it, bad rug pulls, subversion of laws set by the society and so on. + +The lawsuit in itself is not concerning but when you connect the dots on who filed the lawsuit and the purpose behind it- you see that this is but a malicious attempt of ridiculing crypto by only emphasizing a small proportion of use case. + +A complete bullshittery continues still +This isn’t r/wallstreetbets but it seems like y’all have turned it into that sub since everyone is polluting this sub with gain posts. + + +I’m sorry to break it to you but no one here really gives an f, and you’re just instigating fomo. People who are newbies are gonna be led by false hope and follow a lottery gamble style of trading over consistency. + +If you want to post gains there are so many other subs and I’m in them, I like them. The thing is though that this sub isn’t meant for that, so please don’t post here. + +Message to mods: come on y’all gotta be stricter with this, Ik it’s a fairly recent problem but if you guys could help try to limit bragging posts it’d Keep the sub clean + +Edit: specific reasons to limit bragging posts + +• ⁠instigates FOMO + +• ⁠misleads beginners + +• ⁠pollutes sub with gains posts + +• ⁠does not provide any educational benefit (most of the time, sometimes it does, but a lot of the ones I see on here don’t) + +• ⁠detracts from focus of sub (focus is literally stated to be strategies, Greeks, discussions, etc) + +• ⁠there are other places to brag about gains on reddit, but not any other options focused subs (at least not as well built as this one) +I'm sure you're all aware that Terra had a fork and the original Terra was rebranded into Terra Classic. The fork, which is now the main blockchain and the new chain created with the existing Terra name, is worth less than a 10th of the useless and pretty much abandoned old chain that had its entire burn/mint mechanism, which was the main reason for its existence, fail and crash into the ground. + +Luna Classic is currently ranked #27 by market cap. This, alongside the likes of Safemoon reaching over $6B and Shiba Inu over $40B, are proof logic is irrelevant in this market. +On this sub, I've often seen it thrown around that the yield curve is inverted since the yield spread between 3- and 5-year treasuries fell below zero last December. And everyone here seems to be aware that the inversion of the yield curve tends to be followed by a recession within 1-2 years. + +But putting it like this is very misleading. What has inverted in December was only a part of the yield curve, and it is not true that the inversion of any part of the yield curve has in the past reliably predicted an imminent recession. + +Looking at the [3-5-year spread](http://thesoundingline.com/wp-content/uploads/2018/12/Yield-Curve-Inversions-2.png) in particular, you can see that it hasn't been a reliable predictor of recession over the years. Even when it does predict a recession, it may be way too early, for example it dipped below zero during the last cycle for the first time in August 2005, 28 months before the recession began. + +Instead, it's the [2-10-year spread](http://fingfx.thomsonreuters.com/gfx/mkt/4/168/168/U.S.%20Yield%20Curve%20Inversion.png) that is frequently cited as a reliable predictor of recession. That one is still at +0.16. + +I'm not claiming that we will not enter a recession in two years, I just thought some people may get the wrong impression that (based on the yield curve's track record) a countdown has started in December, which will end in a recession within 2 years. Even assuming that the yield curve remains a reliable predictor, this would only be the case when the 2-10-year spread dips below zero. + +&#x200B; +I am a college student who had about $7000 in income last year and will not be claimed as a dependant. I had an internship where federal taxes were not withheld from my salary, causing me to owe several hundred dollars if I do file (freetaxusa estimate) + +I also contribute to a roth ira, though I don't think that should matter since my contribution was less than my yearly income. + +Does it sound like I am in the clear to avoid filing my taxes this year so that I don't have to pay taxes on my wages? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi Folks, + +I'm a college student super interested in investing and recently came across this sub (love all the great educational content so far!) I'm looking to start increasing my dividend yield (only 1.33% at the moment) by looking at ETFs as well as the dividend kings/aristocrats but I am wondering if I should start this dividend portfolio in my fidelity brokerage account or my Roth IRA. + +My Roth IRA has its max contribution right now with 69% in SPY, 14% in VUG, and 17% in VYM. I am wondering if I should sell some of my positions in my Roth IRA and use the cash to buy these dividend stocks or if I should just add more money to my brokerage account. + +Advice would be appreciated! Thank you so much sub! +First off I fully believe Ryan is the process of a successful transformation of Gamestop and the fundamentals will result in the stock being worth significantly more than what it is valued at today. + +That being said MOASS has been set in motion when SHFs way over extended themselves shorting GME for years. Their game plan involved bankruptcy which is not happening due to no debt and high cash reserves. Short have to close their positions, DRS is sucking out all the liquidity in the market and now a 4-1 stock dividend is going put significant pressure on the SHFs. It's basically a house of cards that is starting wobble they may survive another day, week, or month but soon it will start to topple. + +Stop hyperventilating on every announcement or news article look at the big picture. The SHFs want you to become emotional and react on these things that's their only play. Stay zen, sit back and enjoy that for once you are on the inside when this thing goes off big. +As title. If I were to put "X" amount of savings into a broad index ETF like VDHG for retirement, and my Super (HostPlus Balanced Index Fund) offers a similar broad index investment portfolio, does it make sense if I just salary sacrifice that "X" amount and let my Super do the majority of the investing for me? + +Some of the pros including; only getting 15% taxed when withdrawing from Super at retirement age (compare to 30%+ if I invest on my own), less temptation to splurge if I never "see" that money + +Some of the cons including; hard to access that money early if I found other better investment opportunities, the Super's investment portfolio is a bit more conservative, with 17% fixed interested and 8% cash (however, over 10 years they are getting a 8%+ return?? Can someone explain how is it possible to have a return similar to S&P500/ASX 200) +I’m almost 30 and don’t have much in my savings account. I have just recently learned that I need to start saving. + +My problem is that I have made multiple bigger purchases (of which some are items I didn’t absolutely need) over the years using the ”small monthly payment of X for 24 or 36 months” method and now I’m in a situation where most of my money after rent and food goes towards the monthly payments and nothing is left for savings. + +I know that I can only blame myself for getting into this. Money has always been a huge taboo in my family so I never got guidance on personal finance or money in general. I can’t talk about this situation with my parents or other family members so I’m reaching out to you guys. + +How do I get out of this situation? +How do I stop buying stuff that I can’t afford in a single payment? + +I would love some help on getting out of this. Any tips are welcome. + +Edit: Re-formatting my question since it could be interpreted in a way that I would blame my parents for my situation - which I really am NOT doing, I’m 100% responsible for getting myself into debt. + +Also thank you so much for all the people who have given good and encouraging suggestions! I now have some actions to take. +https://www.reuters.com/markets/rates-bonds/moodys-puts-russia-ukraine-ratings-review-downgrade-2022-02-25/ + +We all know that someone needs to be blamed for the inevitable financial crisis. While all our eyes were on Evergrande (China) or GameStop (US), Russia has now entered the competition. + +With the downgrade by Moody’s and S&P, Russian debt is now “worthless” which means they can blamed for the ensuing financial crisis. Convenient how everyone hates Putin right now so they can be an easy scapegoat where few (if any) will dig any deeper. + +Edit: Bloomberg reported UBS had Marge call a few clients. +https://www.swissinfo.ch/eng/bloomberg/ubs-triggers-margin-calls-as-russia-bond-values-cut-to-zero/47378170 (Link is to a site that reports the Bloomberg page that is paywalled https://www.bloomberg.com/news/articles/2022-02-24/ubs-triggers-margin-calls-as-it-cuts-russia-bond-values-to-zero ) +Welcome back to my weekly $100k Wheel Portfolio updates! I'm posting an update video every Friday on my YouTube channel, and we're now on Episode 13! I didn't want to break any community guidelines by linking my channel, but you can find it in my Reddit bio, or by searching "Money Crow" on YouTube. + +I also plan to continue posting this type of update every Monday on r/thetagang. + +I began making trades on September 21st 2020, 87 days ago as of market close 12/17/2020: + +Cash used as Collateral + Cash Balance = + +$108,558 + +Net Liquid Value if I bought back all open contracts = + +$106,076 + +I made 2 trades since Ep.12, and I'm excited to share the progress! + +Screenshots, spreadsheet, and individual updates with a ton of information that I like tracking: + +Ep.13: + +http://imgur.com/gallery/5STrHJ9 + +Ep.12: + +http://imgur.com/gallery/NvO6qaN + +Ep.11: + +http://imgur.com/gallery/EsbyBLQ + +Ep.10: + +http://imgur.com/gallery/iDtBzHV + +Ep.9: + +http://imgur.com/gallery/7ceJqxn + +Ep.8: + +http://imgur.com/gallery/MChXNRX + +Ep.7: + +http://imgur.com/gallery/7tasiEu + +Ep.6: + +http://imgur.com/gallery/arX40UF + +Ep.5: + +http://imgur.com/gallery/BGs4lqE + +Ep.4: + +https://imgur.com/gallery/nxidYcK + +Ep.3: + +http://imgur.com/a/9lI7T4R + +Ep.2: + +http://imgur.com/gallery/liQPVZ9 + +Ep.1: + +http://imgur.com/gallery/PP9lNH2 + + +As always, I appreciate any comments, questions, and suggestions. Thanks! + + +Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 +I am comparing FEDEX to UPS. UPS earnings came out a few weeks ago and the stock is up $40 since. FEDEX (also in the delivery business) earnings come out September 15. Would it be fair to expect a similar result from FedEx when they report their numbers in 2 weeks? +I am a contracted employee. The owner of the business I work for is always two or three paychecks behind in paying me. I have to call and email him, pleading for him to pay me what is owed to me (I have kept all of my email communications with him in regards to this.) Now he is 5 paychecks behind in paying me (March, April, first half of May). The company is based in Virginia and I am in West Virginia. What are my options? +I’m currently a single mom <6 months away from completing 2 nursing degrees & working 3 flexible hourly jobs to make it through. I have a car loan, student loans, & 2 credit card balances that I need to pay off when I graduate, but I will have a huge income increase even working only 36 hours/week. I already make more than I’ve ever made before & I recently made a few small achievements that feel huge coming from where I’ve been financially the past 6 years. + +1) When I went to renew & verify income, I’m now over the limit to receive WIC +2) For the first time ever, I proactively replaced all 4 tires before they blew out on the highway, went flat, or failed inspection. +3) I bought myself a new heavy duty winter coat that I love to replace the one my mom bought me 11 years ago. +4) I am able to stock up several months supply when things are on sale & I have coupons. +So my husband and I have lived quite a steady, frugal life up til last year (I’m 32, he’s 35). We both had decent savings and unexciting but stable jobs. I earn £57k and my husband was on £50k. + +In November we bought our own house in London that needed quite a bit of work, but the price was low for the area and we thought it would be worth it. We both agreed that this was our long-term house and as we didn’t really spend on anything else, this was going to be our big splurge and we were going to make the updates we wanted. We ended up borrowing £30k over three 0% credit cards to fund some of the work. At the time, it seemed simple enough to pay it back (obviously would change that now if I had a time machine). + +In early March my husband moved from his stable but boring job to a more exciting role at a start-up with a pay rise. This coincided with lockdown, his company took a massive hit and my husband was made redundant after 3 weeks of working there. Everyone else got furloughed but as a new joiner he wasn’t covered by the scheme. + +So our current position is that we have £15k savings, we were hoping to make credit card repayments with it but looks unlikely now. We also have a 1,700/month mortgage. We applied for a three month holiday which began in May but I keep seeing lots of warnings about whether we should be doing this and future implications. Ideally, we would extend the holiday further until October as it would be such a weight off our minds. As it is, my husband’s mental state is in tatters due to the whiplash of landing dream job/redundancy/job hunting in a pandemic. We’re both worried about how long our finances will be in this state. + +I earn approx. £3k after tax and I’d say £700 goes on repayments/shopping/dependents. This leaves around £2k a month which I can either pay off my mortgage with or save in case the situation gets worse. + +At the moment I’m thinking to take the whole 6 month mortgage holiday and paying £1k a month and saving the other £1k. Then when my husband gets back on his feet we can overpay our mortgage. + +Would anyone chose a different option? Would love to hear your thoughts. + +EDIT: thanks for all your comments, it’s reassuring to know that I won’t completely be screwing up my future by taking the payment holiday so it’s likely we’ll go down this route. We’re trying to stay positive but it’s hard. + +One of the crazier nights I’ve had in my young illustrious life . Ended up getting talked into going out to a patio bar/restaurant situation for HH, had a great night and was in bed by midnight like a boss. Woke up just now looking for my phone, found it! It was on the floor. Unlocked it, and I apparently spent close to all the money I have in savings on btc @ $48.9k last night . For a min my dumb brain was like ‘cancel it you idiot’ but then I remembered I can’t. It’s cool because that was fate though sometimes we make good decisions when drunk and who am I to stifle drunk _____’s decision making? Nobody. That’s who. Thanks dude don’t even worry about the fridge it’s cool we can buy another one +To be honest, I don't fully read any DD anymore since 5-6 weeks. + +I read the first 5-10 lines to see what it is about but all of it boils down to: + +1. the HF are fucked +2. no one knows how much the stock is shorted +3. no one knows a date +4. no one knows what the trigger will be +5. no one knows who is all in it + +So why should I care about that much uncertainty? + +I am well aware of the situation we are in. + +I follow the chart every day to see how it moves. + +If I can afford it, I buy some more shares (on a proper broker). + +If the price is below my imaginary sell point (life changing money) I won't sell. + +All this drama, all this idolizing, all this deep dive research, all this personal confirmation bias, all this attention whoring is so annoying, that it became really stressful to lurk here. + +I don't care who you all are. + +I don't care why you all hodl. + +I don't care if you are a fire fighter or a mom or in a hospital. (all the best for you) + +I don't care what you will do with all your tendies. + +I don't care what the DTCC or the SEC are doing (obviously nothing). + +Edit: And stop the all caps bullshit! + +&#x200B; + +The only thing I care about is, one day will be pay day for the HFs and then I will be there and watch them bleed. + +&#x200B; + +Whoever finds typos, can keep them. +I just tried to apply for a regular saver with HSBC online, and their website started a credit card application instead. I've been on the phone to them and they can't explain how this happened, and they didn't even apologise for the credit search that was carried out without my permission. This was not user error - I tried again and was taken to a page that told me I couldn't apply for a credit card while I had an application in process. Pretty annoyed right now, but also concerned that there is an issue on their website that may continue affect other people as the adviser didn't seem to be taking my concerns seriously. +Edit: stock price movements\*\* to be more specific in the post title + +I’d like to start off by saying I’m invested in some fairly safe picks (ETFs, AAPL, MSFT, etc) so I’m not worried when I see that the market is red or that my portfolio is down. That being said, on weekends when there is no market movement, I feel like I’m missing a whole part of my life. I really enjoy checking my portfolio and watching the movement throughout my day, whether it be up, down, or sideways. I’ve even started to dread the weekends because it’s less fun looking through tickers and seeing what stocks are mooning/plummeting. Anyone else feel the same way? How do you cope? + +Edit 2: To address a common comment: yes, I do other things outside of sitting at my computer looking at tickers. I have other hobbies and people to talk to. That being said, investing is fun (which it should be!) and I miss it during the weekends. I'm lacking someone that brings me enjoyment when the market is closed. + +Edit 2.1: “lacking someone” should be “lacking something”. +My salary is paid in Turkish Liras. There is a huge inflation rate, even more than the government announced. I was saving in TRY but now I convert all of them to Gold, USD, and EURO. But now, I am not sure this is a good idea. I do not know how to invest, how to buy stocks, even I do not know how to track these currencies. I am trying to get my finance together with zero knowledge. What is your opinion about my situation? +Good Morning Apes! + +Yesterday we ended up seeing 3.5% gains on \~1M volume. Yesterday the Bollinger bands snapped back inside the Keltner Channel briefly giving us that fire signal we were looking for from TTM Squeeze. This means two things increased volume and volatility and an inferred move to the upside. With our wide bid/ask spread we can really move on very little volume as we saw yesterday. Additionally today is t+2 for Market Makers gamma exposure (GEX) from Friday. Needless to say it should be a wild ride. Our predicated price range **yesterday** for the low estimate was 158.27 -165.82 we stayed basically within that range as GME at 8pm EDT yesterday stopped trading at 165.89. Meaning the tweaks I did this week seem to be a bit more accurate. + +Today's Expected range is : + +[Today's possible price movement](https://preview.redd.it/qvacoevhuaj71.png?width=2456&format=png&auto=webp&s=221819c9671cb6a94838ced833a67c17fe0446bf) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Well look at our boi... growing up right before our eyes almost old enough to fuck some SHFs. I will be adjusting forward price action for tomorrow morning. Thank you all for tuning in. + +HODL this is just the beginning + +\- Gherkinit + +Edit 14 3:26 + +Hard rejection at 225.20 some consolidation and GME looks like it's ready to re-test 210 + +https://preview.redd.it/yspcr5lcxcj71.png?width=1612&format=png&auto=webp&s=c9db26a1d3d3338466772340cdc879e1ccb8e643 + +Edit 13 2:51 + +Please join the stream volatility on my positions is getting to great to do both testing the share offering now + +https://preview.redd.it/vmxrp5a8rcj71.png?width=1596&format=png&auto=webp&s=76a8859205c124f308216b51887e4efa6fe00318 + +Edit 12 2:43 + +Testing 210 we a really taking off far harder than anticipated. Quarterly options t+37 and t+2 gamma exposure in addition to the gamma ramp are putting a lot of fuel in this rocket + +https://preview.redd.it/7kg7dsjypcj71.png?width=1607&format=png&auto=webp&s=3e116b98594227219899719bee498f09a5560a10 + +Edit 11 2:06 + +Actually just ripping volume is far higher than predicted look at us go...I will adjust volume for tomorrows estimate to compensate for this move. Looks like we are ready to bounce off 190 VIOLENT UPSIDE POTENTIAL is in effect + +Edit: woops wrong pic + +https://preview.redd.it/0db5sphyjcj71.png?width=1609&format=png&auto=webp&s=de88cd31b46707138d57424ffa0ec92d1881c641 + +Edit 10 12:50 + +failed that test at 175 possible turnaround between the ema's + +https://preview.redd.it/ywu0762a5cj71.png?width=1627&format=png&auto=webp&s=35b4234507f7bac957e2cb3ae28247e0f53a0820 + +Edit 9 12:25 + +Volume picking back up moving up to test VWAP + +https://preview.redd.it/4pnlqcj21cj71.png?width=1624&format=png&auto=webp&s=8bfa08143a7506dbd5017fea1d9a460c3c6c366b + +Edit 8 11:24 + +Got shorted at the turnaround of that inverse head and shoulders drooping a bit now on lower volume + +https://preview.redd.it/l5bkmiebqbj71.png?width=1630&format=png&auto=webp&s=5c107a6585b124ba302497715869a0bb5c6591f6 + +Edit 7 11:05 + +https://preview.redd.it/5jmb6ctrmbj71.png?width=1624&format=png&auto=webp&s=cc8ca004910e9de105a09060058c15001dbafa44 + +Edit 6 10:53 + +Inverse H&S of the break down of the previous head and shoulders... + +https://preview.redd.it/3w9ljbaokbj71.png?width=1623&format=png&auto=webp&s=19d28a7c7511f71944bdc1db28ae690d12ed6751 + +Edit 5 10:40 + +Some shorting coupled with some ITM puts on that breakout driving us a little below VWAP + +https://preview.redd.it/4dcoc6kcibj71.png?width=1637&format=png&auto=webp&s=e5c12eae4a29758ccc128f100e0cd49195f754b7 + +Edit 4 10:27 + +Pretty clean bounce on the 30 EMA + +https://preview.redd.it/cwedp4d4gbj71.png?width=1628&format=png&auto=webp&s=ed8e2856b1d88d5a6f1933cab13bd02f01ba8764 + +Edit 3 10:21 + +Failed that test at 177 coming back down possible consolidation into a bounce near VWAP + +https://preview.redd.it/epoikly0fbj71.png?width=1640&format=png&auto=webp&s=462b8639a32a073ab6845196a10f672832b35089 + +Edit 2 9:59 + +Some consolidation and straight into a test of 175 + +https://preview.redd.it/94129on1bbj71.png?width=1632&format=png&auto=webp&s=366a23f563c845aaa4c24c61c0f268fd00c741c2 + +Edit 1 9:39 + +170 right out of the gate and volume at almost 200k already + +https://preview.redd.it/ja2yotch7bj71.png?width=1629&format=png&auto=webp&s=bc0af9966a6a6f9f02adce32d92fb8dbb9911249 + +# Pre-Market Analysis + +Volume currently at 12k with 20k shares available to borrow our premarket high was 167.80 and currently trading at 166.90. We have a nice uptrend since market open and since there are still no shares to borrow we have a pretty good chance of a 170 test right around market open. Additionally the S&P looks stable after testing new ATHs yesterday so we may have the market running with us again today. + +[Pre-Market GME](https://preview.redd.it/9zus9wkuvaj71.png?width=1629&format=png&auto=webp&s=8341b1363b63b736aad934267a84e914718f6189) + +[BBKC and TTM on the 1D both firing together into today](https://preview.redd.it/pcmlgc12waj71.png?width=2450&format=png&auto=webp&s=f8f4e481ff87b15311f8faa6cd3869af8580a46c) + +There is no significant arbitrage yet but I do expect a signal on CV\_VWAP in the next few days so I will be monitoring it. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I'm currently going through the process of looking for houses with my partner, I'm lucky enough that my parents are able to offer me a rather substantial amount (over half) towards our deposit. I have been with my partner for 3 years. + +So including my parents contribution I will be fronting about 80% of the deposit. I would like to start by saying I am very happy and feel very stable in the relationship, hence why we are house hunting together. However, I am also a realist, so have been wondering should I be looking to have protection for the rather large percentage of the deposit that myself and my parents have contributed if the relationship were to end? +I've been watching a lot of videos and i've learned a lot,but i just can't seem to find the answers to how you actually find stocks and how to apply different strategies. + +How did you guys learn to day trade? +hearing it from many successful day traders, they blew up a lot of accounts and lost a lot of money before being successful consistently. But many saw that as “paying their dues” or “the tuition for learning the market” + +So for those of you that are successful now, how long did it take you and how much did you lose before you finally became consistently profitable? + +And if you know this, how long before you finally broke even with all the losses that you had prior to finally being profitable? +So obviously things are going great right now, and I think they will continue to do great over the next few years. But when I hear people envisioning their early retirement or being able to travel the world or actually buy a lambo, I get worried. + +We have to remember that crypto is a risky investment and while there is a universe in which your portfolio gains 100x in 2018, there's also a world in which you gain 2x. Or break even. Or even lose a lot of money. + +When you start thinking about truly life changing events like retiring early, that can be really intoxicating. A thought like that can become your primary source of happiness. But the reality is, that dream may not be realized, and if that happens, that reality setting in could be brutal. + +I just want everyone to temper their expectations a bit, and just try to stay level headed. I know that can be difficult with what's going on right now, but try to take a step back and evaluate from a more rational perspective. Keep the dream alive, but also don't neglect the other possible outcomes. + +EDIT: Look guys, you don’t have to justify your investments or explain why this doesn’t apply to you. All I’m saying is don’t expect to be able to retire early because it seems to be trending in that direction. Temper your expectations so you don’t feel terrible if it doesn’t work out that way. +[Wall of text incoming. Sorry about that.] + +**TL;DR:** Coinbase is a company at the cutting edge of the Bitcoin ecosystem, who follows all laws in the jurisdictions they operate in. They are an extremely easy to use on- and off-ramp into the Bitcoin economy, and legitimize the space for people who aren't extremely technically oriented. If you were around in the wild-west days of Bitcoin, you know how much the process of buying and selling coins has improved in just a few short years, even my parents would be able to do so now. So tell me, why all the hate? + +Hey /r/bitcoin, we need to talk about Coinbase, and the attitude of this community towards them. + +First, a bit about me: I've been involved in the Bitcoin community since early 2011, I work professionally as a programmer, have a degree in Computer Science, and I am not affiliated with Coinbase (other than having transacted thousands of dollars with them over time). + +In the early days, buying Bitcoin (off-exchange) was a nightmare. I'm not sure how many of the people reading this went through the process way back when, but if you did, you know what i'm talking about. You would get an IRC client, hook up to the Bitcoin OTC channel, and find someone willing to sell some coins for whatever payment method you might have handy. Then, the "fun" part began: Registering a PGP key to your name, building up trust, figuring out how the hell all of this confusing technology worked, and hopefully in the end, ending up with some coins in your wallet. This process was cumbersome, slow, and required extensive technical knowledge (or hours spent painstakingly following tutorials on how all of it worked). Even when you managed to follow all of these steps to the letter, you had an unreliable exchange rate from each OTC seller, who wanted a variable percentage of the transaction for doing business. + +These days, buying Bitcoin is easier than ever. Paypal? Credit cards? People will work with those. Cash? Check out Localbitcoins, Bitcoin is widely distributed enough that people probably have them near you. Bank account? Things get complicated. + +The existing banking structure leaves much to be desired, I will admit, but regardless of its current shortcomings, the existing structure exists, and anyone looking to be a major player in the Bitcoin space needs to work within it. Full stop. End of discussion. If you disagree with that fact, you are blind to the realities of the world around you. + +I've seen so much undeserved vitriol directed at Coinbase recently, I wanted to reach out to the community, and understand where all the hate is coming from. Some arguments that I've encountered: + +**Transaction monitoring?** This is a necessary evil, which is introduced by being a major player in the Bitcoin space, and needing to interact with the existing banking structure. If you purchase Bitcoins at Coinbase, and they see them go somewhere illegal, they are legally obligated to not sell you more Bitcoins. If Coinbase told the government "Actually, once the coins leave our system, we aren't going to track them and see if they go bad places. Sorry, not going to happen, we have principles.", they would be shut down faster than you can say "Intelligence Reform & Terrorism Prevention Act of 2004". In fact, their behavior towards people who have violated their TOS is not to confiscate funds: In literally every case I've heard, Coinbase lets you withdraw both your USD and BTC balances with no hassle, they just shut down your ability to make purchases or sales of coins. + +**5-day delays for payments?** Thats not Coinbase's fault, that's literally the time your money takes to go through clearinghouses and intermediaries before it ends up in their account. + +**1% fee?** Even if you transact $10,000 with them, you get hit with a $100 fee. That would pay a developer for 2 hours of their time, less after taxes. How do you expect them to make money? They don't run a fractional reserve, so that can't be it. I'm ignoring their exchange for this discussion, I feel that is a different product entirely, despite being linked to Coinbase itself. Both products need to produce revenue: business-wise, they would do best to shut down unprofitable ventures. + +**Cancelled purchases?** Okay. This one is a valid complaint, and the only one I've encountered so far. They cancelled one of my purchases in the past when the price moved significantly against them, but reinstated it after I complained, their customer service was superb. I have a feeling that the cancelled purchases are due to risk exposure for Coinbase, when they aren't sure whether a transaction will go through or not (not buying the coins right away in case someone interrupts the bank transfer early on in the process, perhaps), but that's purely speculation. + +**Shift payments card?** The amount of hate for this product has been absolutely astounding to me. Here we have a company offering a debit card that converts your Bitcoin into USD _at the point of sale_, effectively letting you spend your coins at any brick-and-mortar retailer that takes Visa cards, and the community is up in arms about it being "useless" and "stupid"? Seriously? As a programmer, I literally cannot think of another way that would be possible to do this. Unless the merchant already accepts Bitcoin at the point-of-sale, if you want to pay in coin, you need to: + +> 1. Have Bitcoins. + +> 2. Convert them into USD. + +> 3. Transfer the USD to the merchant. + +That is literally what this card does. Am I missing something here? Because this seems like a very nice use case for me personally, and in fact, one of the Shift cards is on its way to me right now. Just because you personally aren't the target audience of the card, isn't enough reason to disregard its utility for anyone else. +This year showed us a lot of things. Crypto investors are generally not informed, and even worse they don’t care about crypto projects at all. “Blockchain, DeFi, smart contracts, stablecoins, shitcoins, who cares, I am here for the money. I heard that guy invested 100 dollars and now he has 5 million, bla, bla”. + +But this way of thinking is the heart of volatility. + +“Last chance to buy at this price”, “Expect for 20000% gains next month”, “This coin will change everything”, are just some of the used up phrases said by all of the “YouTube crypto coin experts” (wow, what an occupation!), as wll as news, social media etc. One will say: “Everybody is getting FREE MONEY except me?! (Raises index finger) I most certainly should join at this very instance!” Result - BUY- ALL IN - I buy, you buy, he buys - BULL. Without any thinking. Just “Shut up and take my money”. Remember r/cryptomoonshots and all those wasted Reddit awards lol? + +Same is the other way. (Now imagine small crying dog meme) “Oh no, I am losing money, this month I lost 1.6% of what I invested, oh noooo, it will be even worse, inflation, COVID, China, IRS, Elon, El Salvador, regulation, global warming, oh nooo, I have to take back some money at least, before it turns to zero, bla, bla, oh nooooo”. (Cries in crypto coins lol) Result - SELL - TAKE ALL - I sell, you sell, he sells - BEAR. + +It is kind of sad, because IMHO, crypto is, and should be, way more than that. + +I am telling this because I was one of those guys. I started like that. I invested my first dollar before I knew anything about crypto. I bought at ATH. I understand, because I know how to be stupid, when the dollar sign shows up in the pupil of your eye, and just blinds you. + +But not anymore. I decided to not to be affected by those shocked faces with open mouths and large flashy fonts around them, on the YouTube video thumbnails. FU, and your clickbait predictions. I don’t care anymore. + +I belive in more than just a gains. Really, I do. But I would’t mind driving a Lambo too! Haha + +TLDR; Don’t be like me + +Happy New Year everyone! +I never finished my course. I dropped out in second year due to health issues. This was in 2019. I was overpaid £4,000, which I have now paid off. Father is now claiming that student loans company has been taking money from him. I don’t believe this is true because I was under the impression student loans company only takes money from the student they lent the money to. I don’t believe they even have his bank account. He claims HM Revenue and Customs are taking money from him for Student Loans Company, is this even possible? We don’t have a relationship right now so I’m just trying to find out if he’s telling the truth and if this is somehow possible or if he’s lying. Is it possible HM Revenue and customs could be taking money from him? Or is SLC making him give them money for the amount they overpaid me even though I’ve already paid them? I checked my account on the student finance website to check but it gave no indication that any money was being taken from him or me since I’m making less that £14,000 a year right now. I’m very confused right now. +A few days ago, i (ironically) wrote, that the Shiba Devs really outdid themselves with copy-pasting the Uniswap code to create ShibSwap. + +I wanna apologize. They don't deserve this. + +They actually copied the code and made it worse, so they can **scam** people. They clearly put a lot of work into it! Kudos, dear ShibSwap devs. Get fucked. + +Source for the rant: + +[https://www.reddit.com/r/CryptoCurrency/comments/oetj6z/scam\_alert\_very\_concerned\_about\_the\_new\_shibswap/](https://www.reddit.com/r/CryptoCurrency/comments/oetj6z/scam_alert_very_concerned_about_the_new_shibswap/) + +[https://www.reddit.com/r/CryptoCurrency/comments/og69vh/shibaswap\_got\_analyzed\_and\_has\_got\_3\_in\_a\_safety/](https://www.reddit.com/r/CryptoCurrency/comments/og69vh/shibaswap_got_analyzed_and_has_got_3_in_a_safety/) + +[https://www.reddit.com/r/CryptoCurrency/comments/ofwnfz/shibaswap\_does\_not\_offer\_staking\_they\_are\_minting/](https://www.reddit.com/r/CryptoCurrency/comments/ofwnfz/shibaswap_does_not_offer_staking_they_are_minting/) +It’s my understanding, and I’m retarded, that all of these $.50 and $1 out options expiring on the 21st. And that we all speculate that these were all opened to help suppress the price along with everything else they did last year when we popped. + +I’m just wondering if these were all opened and used to suppress like we think using their typical crime, what actually happens when these puts expire next Friday? + +Again, like I’m 5. Colors and graphics and small words preferably single syllable would be great. + +Thanks! + +Edit - I’m very dumb and forgot to write expire in the post. +Sorry, I may not be the best writer when it comes to translating Korean laws to English, so I will do my best to include all the information. I'm not a lawyer, and I'm just an ordinary college student trying my best, so please understand if I make some mistakes here. I don't have any legal experience. This is just my interpretation + with a point that we need all the help we can get. + +&#x200B; + +# Introduction + +The bottom line is: despite what people say, DRS is illegal in Korea mainly due to the reasons being that using CS in the first place counts as an un-KSD-registered broker. These laws generally were enforced heavily due to what we call: The 1997 IMF Incident which essentially were a localized great depression in east asian countries. But we're not here to discuss the history. + +To clear up what's been discussed a few times: We **can** DRS, but it is illegal, and therefore we are legally discouraged to do so because CS is not a registered broker in Korea. For example, we can make a CS account using Give a Share, but being able to do it is separate from it being legal. + +There are Korean people here who've fed the DRS bot, but they often come with a caveat whether they have multiple citizenships, or permanent residency abroad which makes them free to do so. Also, I understand that it's technically a Transfer Agency, not a Broker, but for Korea's legal purposes, it is essentially seen a "broker" by the banks and financial government agencies' perspective. + +&#x200B; + +# The DRS Killer + +I will include a Q&A post that was made in 2012 on the pages of Korean Financial Services Commission(FSC) as a starting point. Core legal statements has not changed since, and I am including this screenshot because this was an inquiry as exact as it can get in terms of what we are trying to do. [Legal Q&A regarding using a foreign broker as a Korean](https://i.imgur.com/8obqhz9.jpg) + +Let's walk through the legal jargons. Very few of these are also with an English publication for education purposes, but I was not able to find any other than regarding Financial Transactions law later in this post. Feel free to use translators. + +There are two cited laws within the FSC's response to the post: + +* \[[Capital Market Law 166.1-3](https://www.law.go.kr/법령/자본시장과금융투자업에관한법률/(20220629,18661,20211228)/제166조)\] "Legal process / filing policy of Investment Brokers. Mostly as a reference point of what they must do in terms of business proceedings designated by the President of South Korea (POSK)" +* \[[Capital Market Act 184.1](https://www.law.go.kr/법령/자본시장과금융투자업에관한법률시행령/(20220629,32733,20220628)/제184조)\] "**You must go through an** ***Investment Broker*** in order to make transactions regarding foreign securities" + +Well, they mention an *Investment Broker,* but what classifies as an *Investment Broker*? + +* \[[Capital Market Law 6.3](https://www.law.go.kr/법령/자본시장과금융투자업에관한법률/(20220629,18661,20211228)/제6조)\] "In terms of their duties, Investment Broker is whoever arbitrates a deal or transaction for a client(s)" -- I've included this as a base reference, but this is a no brainer. Investment Broker is what it exactly sounds like, but the next one is the important part. +* \[[Capital Market Act 74.1.5 ; 74.2.1-4](https://www.law.go.kr/법령/자본시장과금융투자업에관한법률시행령/(20220629,32733,20220628)/제74조)\] + * 74.1.5 states that financial institutions, including Investment Brokers, are under POSK's jurisdiction to be designated as such beforehand, and the following statement 74.2.1-4 mentions four methods in which they are designated by: + +1. A loan is taken either with an Equity or a Certificate of Deposit denominated in KRW +2. A deposit made at the Bank of Korea or the Postal Service Bank (Postal Service here has a government-backed banking service) +3. Purchase of Specialized Bond or Equities (I am not sure what this means really, so I apologize) +4. Additionally, those who are deemed secure enough to manage investment funds, and thus to be approved by the [Financial Services Commission](https://www.fsc.go.kr/eng/index) + +* Please note that these designating methods are also intended for use regarding other financial institution types whether that maybe simple banks, large to small industrial banks, insurance companies, investment trading firms, and equity management firms as per the rest of the statement of the mentioned section (Capital Market Act 74.1.1-4 ; 74.1.6-7). This is why it may sound a bit off, and I say this in addition to demonstrate that these methods are for the entire category of such institutions. + +Therefore, for all legal purposes and understandings here in Korea, if you want to trade equities, you must go through an Investment Broker designated as such by the Korean government. With any other local brokers, they are designated as such by the FSC and are in compliance by the fourth method. + +However, CS is not a registered broker in Korea. This is the same for literally any other brokers out there. Fidelity, IBKR, whatever, literally everyone. They are not accepted as such by the FSC. If you went to your brokers saying "I need to transfer to CS (or any foreign brokers)," then they will tell you that it is not an option due to aforementioned laws. People have tried this already in the Korean communities, and it was proven time and time that they won't even acknowledge it. + +The one liner is this -- **It is not necessarily the DRS process that is illegal,** ***but the usage and management of an account through a foreign, unauthorized-by-FSC "broker"*** to invest in securities as a Korean citizen. + +&#x200B; + +# More Problems Regarding Funding the Accounts + +People mention about the availability of IBKR to DRS, but they have the exact same implications. **It's the usage of foreign brokers that is illegal in the first place.** You can make an account. You can transact on it, buy and sell securities, **but you being able to do it does not make it legal**. + +In addition, there are more laws that make this harder. Wiring money to a **foreign** broker especially is extremely restrictive. I made an IBKR account literally a few days ago. If you went to the bank and tried to transfer money directly to CS or to IBKR (like what I did), they will also tell you that it's not possible due to potential tax fraud implications. Tax fraud implication also comes up due to the existence of a separate law called the Foreign Exchange Transactions Laws [Law](https://www.law.go.kr/lsInfoP.do?lsiSeq=232855&efYd=20210916#0000) / [Act](https://www.law.go.kr/LSW/eng/engLsSc.do?menuId=2&section=lawNm&query=18244&x=21&y=28#liBgcolor0) \- surprisingly enough there was an English publication of this, but that's another can of worms, and I've not done my research to dive in to that. In my experience, they just simply cited the law and told me that they won't do it. Although again, I have not done my research in to it, so maybe it could've been different if I'd done it differently. + +In short, banks do not have any issues with transferring money outside the country basically as long as it is **not for an equity investment purpose.** I've done this in the past myself to US banks, and they have no problem as long as it's for literally any other reason. You can invest in real estates abroad, you can take part in business growth as a board member, whatever you name it, as long as it's not for a personal equity investment purpose. + +# What can others do for Koreans? + +I will include a copy of a comment that I made previously, because it's the same idea. + +Here are the links/information to some places/methods from what most of the people in the Korean communities are doing, but I also highly suspect that they will not take you seriously if coming from a position of a foreigner. + +The agencies are very Korean oriented, and they have barely if not any support channels for foreigners because again, I don't think they have much of a purpose to serve interests of foreign people. + +I have two main ideas: + +1. Persuade the Korean government by making enough noise/complaints or +2. Persuade CS to make a local branch in Korea and register through FSC. + +&#x200B; + +I personally think that since people in the government agencies may not take foreign people seriously as mentioned below, I think it may be a better idea to go with #2 in general, but I'll talk about both regardless. + +&#x200B; + +As far as 1. goes, + +DRS is illegal and they will give you a useless template answer every time you complain about it to the Korean brokers so instead, our strategy right now is to leverage the idea of "stock holders' rights violation" coming from splividend/split discrepancy and bug the hell out of them until they can't take it anymore. They are extremely stubborn when it comes to changes, so that is the widely accepted strategy here. Not the best I know, but hey, better than nothing. + +Pretty much everyone in the Korean communities right now are doing the following things. Unfortunately there aren't many channels to make our voice heard, so we are both trying to make enough noise in the Korean MSM to have them spread word about it and send enough complaints or inquiries to the agencies so that they can't ignore it anymore. + +I suggest you use a translator while browsing, but most of the government agencies mentioned will have a language option somewhere. I think Financial Supervisory Service(FSS) has an english help call line too. + +1. Call up your brokers (for me, KB Securities) and inquire them regarding the recent issue with Splividend/Split discrepancy (people have already done this or are at least past this stage) [Korean community page on broker complaint channels](https://m.dcinside.com/mini/thepowerofapeorant/5847) [Similar post about call cases](https://m.dcinside.com/mini/thepowerofapeorant/5836) Frustrating part about Korean brokers are that they are *extremely incompetent when it comes to acknowledging the legal difference between a Splividend and a simple Stock Split* +2. Send complaints or call up the agency managers or basically anyone higher up in the position. We are currently doing this with aforementioned Korean Financial Supervisory Services(FSS), Financial Services Commission(FSC), and Korean Security Depository(KSD aka the Korean DTC). There are English feedback channels so if you make enough noise, and they may be forced to do something about it. Note that FSS and FSC has power over KSD, and you may have a bigger effect if went through those two agencies. You could even just complain about illogical nature of DRS not being allowed and not making any sense. They'll probably mention the Capital Markets Law and all about that, but last time I asked, they were incompetent enough to not know what DRS is. + +* Looks like people are already sending in petitions to allow DRS to KSD. This was just now as I'm editing this in, but here's the link if people want to look at the post on [DC Inside](https://gall.dcinside.com/mini/board/view/?id=thepowerofapeorant&no=5900&page=1) + +Current common feedback is that since KSD is technically a country-level broker, they do **not** have any power nor say to correct DTC of their mistake, and they can only file complaints about it. It's understandable, but I think hilariously powerless for a national level broker if you ask me. + +For KSD, you can make your voice heard via here: [KSD Contact Us](https://www.ksd.or.kr/en/about-us/contacts/contacts-us) They got all sorts of categories, pick your poison. I'm honestly not sure what exact topic you can complain about coming in as a foreigner, but you could probably do something in line of it being a violation of stock holders' rights because that's what we're doing. + +For FSS, we are mainly doing it via [the complaint channel(Korean)](https://www.fcsc.kr/) but you can also use [Contact Us page in English](https://www.fss.or.kr/eng/main/contents.do?menuNo=400025) + +For FSC, similar to FSS, we are doing it mainly via [the complaint channel(Korean)](https://www.fcsc.kr/D/fu_d_04.jsp), but their main website can be navigated to browse different types/channels of complaints. The one we used are like the most generic one. [Website(Korean)](https://www.fsc.go.kr/index), [Contact Us(english)](https://www.fsc.go.kr/eng/co010101) + +Right now people here are trying our best to give them hell with all hands on deck and just spam it until they have to do something about it. Maybe not the best way, but if it means a change for us to guarantee the safety of our investments or even DRS being allowed in a long shot, I don't think it can hurt. They deserve it. + +* I would like to add that people are also sending case reports to Korean MSM to make our voice heard, but that's only been a few days at max. You could maybe twist the plot and make it sound clickbaity by telling them that Koreans not being able to DRS is hurting the global economy and it's a shame that it's the ONLY country that can't do it. + +&#x200B; + +Or like #2 where if these problems would be solved if Computer Share made a Korean branch and registered with the FSC, so that we can legally use them. **NOW you can buy through them** and that would be the dream come true. This is pretty straight forward. Contact CS, inquire and send in suggestions to promote them to make a Korean branch. Nothing much, but would be extremely effective if achieved. + +[CS Other Inquiries](https://www.computershare.com/us/other-inquiries) / [CS Investor Inquiries](https://www.computershare.com/us/investor-inquiries) + +&#x200B; + +# Conclusion / My intentions + +In conclusion, based on my research and experience of me and others in the Korean communities, it is practically impossible to DRS our shares due to legal implications and potential issues arising from the usage of foreign un-FSC-registered broker. My current best hope is that I want to bring this in to the spotlight and simply bring awareness to the general audience and discuss a way to legally proceed with DRS. + +Currently, as mentioned, it is everyone's number one goal here to make enough noise and potentially bring about a change, and even potentially legalize DRS. In my opinion, it may be our best interest to inquire Computershare about setting up a Korean branch and registering with FSC, if the laws won't change. + +&#x200B; + +**Please understand that I'm not an expert in law or anything. I'm basically trying to gather enough information to bring awareness to this issue and help everyone. Please correct me if I made any mistake, because again, I'm not an expert. I'm an engineering student.** + +&#x200B; + +TA;DR : + +korean ants go pootis perser here!! korean government go [nope](https://www.youtube.com/watch?v=O8uGgyT6KCQ) + +international ape go conga conga11 korean government/or CS go [yeee](https://www.youtube.com/watch?v=L2efniAndHY) + +ants and ape now go [kazotsky mod](https://www.youtube.com/watch?v=QDCPKBF7a1Q) +I’ve been in the crypto space since 2017, and this bear market is leading us to some exciting times! + +As the bear continues, and as a general rule, I am becoming more and more of a loopring maxi. + +Here is why. + +1. ZK rollups are the future of web 3, and reduce transaction fees massively. + +2. Minting an NFT on loopring network is a fraction of competing marketplace costs. + +3. The loopring market cap is tiny compared to other less ambitious products. So much room to grow. Once the bear market is over smart money will flock to a humblecap like Loopring. + +4. Daddy V (Vitalik) has namedropped us no less than 4 times on various podcasts, unprompted. This is a huge thing as he usually remains impartial. + +5. The GameStop connection is massive. GameStop has always been at the forefront of innovation and is the #1 name when it comes to purchasing new games or gaming tech. This cannot be understated and I am so bullish for the future of loopring now they are formally partnered! +[Power to the players!](https://nft.gamestop.com) + +6. Loopring stores your KYC and all user information permanently and securely on-cloud in accordance with PRC law, which is convenient as you never have to validate it periodically (looking at you, Binance!) + [Link to their privacy and security policy](https://static.loopring.io/documents/markdown/privacy_en.md) + +7. The permanent storage of your information is for any possible future disputes. This is huge, as a massive downside of ETH and BTC is sending to wrong addresses and burning your tokens. With loopring, this is the first DeFi system to offer this kind of user security, not unlike PayPal. + +8. Public sentiment and community. The loopring sub is amazing and welcoming. The discord is hugely useful. The public is also beginning to wake up to the huge utility of NFT - it is not just monkey pictures. + +9. The FUD here on reddit - you will see a lot of anti-loopring/ GME posts and comments. Resistance is bullish, as there must be a reason to try to suppress a good project. + +10. The response to the FUD - I frequently see comments unfairly criticising loopring be downvoted fairly quickly. This shows the community is aware of the great utility of loopring, and that we are moving on from unfounded criticism. We are so early! + +11. Future partnerships in the works - a fair amount of contributors in the GitHub are from large organisations such as Amazon and Alibaa. This cannot be overlooked. + +12. Looprings fee-cutting tech has helped out ETH ahead of the merge, as people have now gotten a taste for cheap transactions and minting on the ETH network. + +13. The loopring wallet is amazing and seamless. Imagine Fantom wallet but even better. This is the future. +[Here’s the link to give it a try!](https://loopring.org/#/) + +14. The open and honest nature of the dev team. Check out [their github](https://github.com/Loopring) - they are constantly updating and providing bug fixes as well as communicating with the public. + + +There are honestly so many more points, but I wanted to provide some during this bear market as it leaves more room for open and honest discussion. I am so incredibly bullish for the future of crypto, and the ETH-LRC wombo-combo is one that is very understated! + +Edit: point 9 being displayed in this thread by the paid FUDders! + +Edit 2: thanks for the suicide bot report, kind stranger! +Hello, I have created a house affordability tool that can be used to help figure out if you and your partner can afford to buy a house that you might have in mind. I am looking for a property myself at the moment and I’m still pretty new to all of this. The tool is pretty basic but it should hopefully be useful for first-time buyers. There’s probably a lot of other things that I might have missed or anything that I misunderstood. If you have any ideas on how I could improve the tool or anything you would like to see, let me know. + +Here is the tool: [https://przemekmas.github.io/HouseAffordabilityTool/home.html](https://przemekmas.github.io/HouseAffordabilityTool/home.html) +I'm reading a lot about people being discontent in their current roles / work life. Most recently with [The Great Resignation. Is this really a thing in Aus?](https://www.reddit.com/r/AusFinance/comments/qtza6z/the_great_resignation_is_this_really_a_thing_in/) but I was hoping to achieve a better understanding of what we (as a collective) actually want! + +**[I've made a short 6 question survey to try and capture the general sentiment.](https://forms.gle/fmHHt6zLVmXeLDxT6)** It is mostly multiple-choice, so should be very quick to complete. + +I have posted this survey to r/AusFinance only. Depending on the response rate, I may try to cross-post to other Australian and New Zealand subreddits to try and get a meaningful sample of data. + +I will write up a small report on the findings in a post later this week! + +Full disclosure: I created [RAFO](https://www.rafo.com.au), a job site helping Aussies & Kiwis find remote and flexible jobs that fit into their life better. This data _may_ help me improve my site +Just hit 70. Mostly all SFH. I have 2 full time handymen that are great, rarely are we far behind on repairs/turnovers. + +However the administrative/leasing/accounting, which I handle solely on my own has become a lot of work. At what point did you guys hire an administrator to help out? +Hello + +Last year I bought my first rental property. It was a SFR that was at some point converted into a quad plex. They did sort of a shoddy job but it’s good enough for people to live there. + +I was originally planning on holding it for a few years but as I’ve learned more about real estate investing I’m starting to feel like I should sell the place soon (like this summer) because of the problems I’m starting to realize. + +The mechanicals need to be updated badly but I paid full market value for the house. The market is pretty hot so I could probably sell it for a little bit more this summer but there’s no way I could hire a contractor to address the problems. + +Cons: +The plumbing is galvanized steel and things keep busting. The electrical is wired strangly and can’t handle the load that’s being put on it. The HVAC is from the 80s and while it’s still running like a champ I feel like it’s time is coming. + +Pros: the property is cash flowing very nicely. Once I update the finishes of two of the units, I will be cash flowing around $1k. The area is growing pretty rapidly and housing prices are rising but I can’t tell if it’s because we’re at the peak of the market or if it’s because the area is up and coming. + +The home is in an amazing location for the type of people who would be my target renters. + +What do you guys think? Hold on to the property and update when it makes sense to do so? Or sell now to avoid losing the equity due to the hot market? + + +Edit: +Should probably throw in some numbers: +Purchase price - $118k +Current zestimate- $126k + +Mortgage + ins- $958 +Utilities - $200-400 (right now it’s 400 cause winter) + +Total rents will add up to $2,400 when it’s fully rented +Hello apes, this is u/animasoul, author of the original negative beta posts. Thanks to u/friedmice for letting me know about the community here! I originally published this post in r/GME and it has been crossposted a few times but I am sharing it here again as my first post in this sub. + +Correlations are like special relationships. Even if we don't know all the ins and outs of what connects the parties in the relationship, from the correlation we can at least see that they have something special together. Financial beta is such a beautiful thing. We still honour you and your CAPM model, Mr William Forsyth Sharpe. + +I want to discuss this article put out by Bloomberg today because it struck me as very significant. When reading the financial press, you have to ask yourself, "why are you telling me this?” And “what are you not telling me?” No one gives you information or tells you what to think for no reason. + +[It's a picture, I know. Please google the title.](https://preview.redd.it/io35e5qbzlr61.png?width=719&format=png&auto=webp&s=e697d7e2ce37cda4909cdfd269f4bc766b31860a) + +The article outlines how **Citadel Securities**, a **broker-dealer**, quietly rose to occupy its current dominant position in the US equity markets, to the extent it has replaced traditional stock exchanges in the execution of orders for many retail brokers (about 47% of all stock trading by retail investors on a typical day). It has managed to dominate the market precisely because it is not a bank, and so doesn't have to comply with the tight regulations that banks are subject to. Goldman apparently said in January that Kenny G's company is now a bigger rival than its long-established European rivals. + +**Read the article for yourself first, but this is my (speculative) interpretation:** The article is warming you up to get ready to see Citadel Securities getting roasted by the regulators for **payment for order flow** and **monopolising the market**. The article explicitly says that this attention has been caused by the drama around GameStop. It also says that CS's dominance of the US equity markets poses a **systemic risk**. The article explicitly says that this systemic risk is limited, and *not at all* like a **bank failure**, *"which would see a huge amount of capital wiped out overnight".* + +# Special relationships + +GameStop has a special relationship with CS (otherwise why would CS step in?) + +CS has a special relationship with the entire US market. It is a relationship of dominance, which means a large amount of **market risk** is concentrated in CS. CS is also, according to its website, the largest **Designated Market Maker** on the floor of the New York Stock Exchange. + +As indicated by the crazy beta, GME has a special relationship with the entire US market. Beta is an indication of sensitivity to market risk. + +Melvin has a special relationship with big banks, who are its **prime brokers** and include **Goldman** (the first bank to make the block trades), **Morgan Stanley** and **JP Morgan** (see filing here [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf)). + +**Question:** As per the Bloomberg article, CS is the upstream broker-dealer for a lot of smaller retail brokers. So why step in to help Melvin, a hedge fund, when Citadel's equity business is concentrated in retail? ***Because CS is helping the prime brokers***. + +# The players + +The players involved are holding hands like a chain, as follows: + +Many little retail brokers (not just RobinHood) 🤝 Citadel Securities, the upstream broker-dealer for retail brokers 🤝 Melvin Capital, a hedge fund blown up by its GME short 🤝 prime brokers who financed Melvin's short position (which on its worst day was about -$16 billion). + +**TLDR if you haven't read my previous posts:** Melvin blowing up was a problem that was going to bankrupt or at least highly damage its **prime brokers**. Since Kenny is known for being friendly (see article, he has lots of friends), they asked Kenny to help by bailing out Melvin and pulling his market-maker strings to engineer a market downturn around GME while they position net short on their equities portfolio and go long on gold (see my last post about making sure your broker is insured and hedge funds buying gold). Hence, the reversal of the betas - negative for long and positive for short. Kenny is so friendly, that he even had the heart to announce "doomsday" in the FT to anyone willing to listen. + +# "Doomsday" or not? I need to know + +Is anyone else saying "doomsday"? No. The Bloomberg article explicitly says that this is NOT a "bank failure". Crymer also explicitly said on the C-N-B-C website that this is NOT a bank failure, do NOT pull out of the stock market. *Oh, and remember to forget GameStop, OK?* + +I believe that the MSM is trying to distract us, telling us from the beginning since the Senate hearing and until now that this is about payment for order flow, that there is no connection behind the scenes, and that the shorts have covered. + +Since the **Archegos** drama, however, they have also been emphasising that the banks are fine, with no identifiable connection to GameStop (*although I do have a post about why I think there might be a connection - see timeline*). + +So then why does Bloomberg feel the need to remind us - while telling us about Citadel, GameStop and payment for order flow, that the **banks** are fine. It's like the way they keep reminding you to forget about GameStop. *See my post about why I think the banks are not fine at all.* + +This can be a lot to take in if you haven't followed me up until now because each post I have written builds on the next, so here is my timeline up to 4 April. I published this in a post on Sunday night before the mod drama started: + +&#x200B; + +[At 4 April](https://preview.redd.it/8tfhfbme0mr61.png?width=838&format=png&auto=webp&s=7d963b6d605d9008cf5ee289153cd6af47f77591) + +**Disclaimer:** Not financial advice. My opinions and errors are my own. Just continuing my thought experiment. +When you really think about it. The origin and early days of Bitcoin are really strange. You have this person who apparently creates an entirely new monetary system built from scratch except for some previous theoretical ideas. He has at best a small team and no funding or support from organizations, companies, or governments. Bitcoin grows purely by word of mouth and by voulenteers organically. And in just ten years, it grows to be worth hundreds of billions of dollars and is beginning to disrupt the current monetary system. I find it hard to believe that governments don't want to know who this guy is. +So, I got into a Lamborghini a while back with the traditional lease. 2,500 miles/year. Well, I still have about 17 months left on the lease but I'm within 100 miles of hitting the mileage limit. I'm tempted to turn the car back in and just buy a car for cash, but a few acquaintances have open-ended leases on their exotics and it's an intriguing proposition. + +I'm looking to either stick to a Perfomante but go to a Spyder this time or a 720S. Either car is going to run about $302-$325,000 and factoring in TTL and etc, it's going to be roughly $350,000 (give or take a few thousand). + +I can basically do the following instead: + +$75,000 down, 60-month lease @ $3,127/mo and then buyout the car at the end for $135,000. + +I have the actuarial tables (if you can call it that, idk) with the buyouts for every single month. Only issue is that you have to keep the lease for 13 months or else they is a 2% fee ontop of the buyout. + + +I spoke to my CPA and he says I can't write off the lease or anything so not really any tax-advantages. I have the cash on hand to buy it outright, but if I do this lease, I basically have an extra $275,000 to invest for the next 5 years to make me $45-$50k to cover the "extra" I have to pay if I do the lease right? + +The biggest benefit to the lease is the unlimited mileage, but I basically have to cover the difference if the car value tanks compared to the value listed on the tables. I plan on buying the car out, because I love both of them, I'm just seeing if anyone on here has ever done a lease like this and if they are any downsides I'm not covering? + + +Looks like my dearest pennystock: High Tide Inc. is getting shorted; + +&#x200B; + +https://preview.redd.it/xgzqcdzcx8i61.jpg?width=567&format=pjpg&auto=webp&s=ca2554d352827ebbd084eac35059068f3e80685d + +sources: [https://fintel.io/ss/us/hitif](https://fintel.io/ss/us/hitif) & [https://otcshortreport.com/company/HITIF](https://otcshortreport.com/company/HITIF) + +OTCshortreport even claims it's up to 57%! + +&#x200B; + +I think we need some more buying power against these shorters! + +&#x200B; + +With a bright future ahead and Q4 and 2020 earnings just around the corner (read: 1st of march 2021, source: [https://www.newswire.ca/news-releases/high-tide-to-announce-fourth-quarter-and-full-fiscal-year-2020-financial-results-854161699.html](https://www.newswire.ca/news-releases/high-tide-to-announce-fourth-quarter-and-full-fiscal-year-2020-financial-results-854161699.html)) this feels a bit crazy! The earnings are probably going to be higher than expected and the market is only increasing. If you're looking for a good pennystock, look no further. + +&#x200B; + +For more information about the stock; check out *this* AWESOME DD. Credits to u/Penniless + +[https://www.reddit.com/r/pennystocks/comments/kz0lx7/high\_tide\_inc\_hitifhiti\_a\_rising\_tide\_will\_lift/](https://www.reddit.com/r/pennystocks/comments/kz0lx7/high_tide_inc_hitifhiti_a_rising_tide_will_lift/) + +&#x200B; + +*Disclaimer: I hold around 3000 shares for the long term, either way | Averige price I payed: $0.42 and €0.36. I am no financial advisor.* +Looking to buy condo in NYC. Does anyone have any thoughts about paying up for higher floor units (same floor layout). Comes down btwn 25-50k USD for each floor higher. I'm thinking it doesn't really make a difference especially if it's floors 7 and below. May as well go for the cheaper unit on floor 3 vs 7 and still get similar views. Anyone have thoughts on this? +Most of us have seen or received company swag like branded hoodies, stickers and stuff. However I'm now tasked with coming up with gift ideas for a group of senior leads in my company (stickers won't cut it). + +Knowing how many successful and wealthy folks we have in this community, I thought it would be a good place to ask. Maybe some can share examples. + +However I'm curious about special company gifts that have made an impact on you? How have they evolved as you progressed on your career? +*TL;DR since some are overlooking the main point: The subreddit's purpose was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.* + +After yet another debt-free pic-post has made the natives restless, I'm seeing a lot of definitive statements about why this subreddit was created and who is meant to post here. I live in poverty, advocate for those who live in poverty, and some of my freelance work revolves around poverty-related topics, so I thought I'd offer my uninvited opinion in the form of a post instead of a smattering of comments here and there. + +As I said in a recent comment, poverty has a very real, very visceral, and very painful meaning. I was part of some of the early Discord discussions about how to shape this subreddit; I was very critical of the casual use of the word "poverty" even though I supported an inclusive setup. Poverty can mean more than literal financial poverty, but its primary meaning *is* an inability to sustain sufficient resources for basic needs. + +I cautioned the then-nascent mod team that extremely downtrodden people who might be dealing with a host of traumatic experiences were going to flock to the name of the subreddit. Not having a strong understanding of chronic, classically defined economic poverty would mean they wouldn't be able to recognize stigmatizing tropes and gaps between the stated intent and the practical application of the guidelines and rules. + +In that more recent comment, I also said that those who gravitate towards this sub because they see the name and take it literally seem to feel that a more casual appropriation of the word 'poverty' further marginalizes their experience. Since their existence is already largely marginalized and maligned and lacking in organized community-led outlets, it breeds resentment. + +It's somewhat akin to people going, "lol, I'm so OCD" because they're really bothered by bathroom tiles that aren't lined up symmetrically--as opposed to clinical OCD, where a person can't leave the house until they've touched one specific bathroom tile a set amount of times, and get caught in a loop of repeating the cycle because they're just not sure they touched the tile the *right* way the right amount of times. + +**I say all of this to say, to both the people who live near or below the poverty line and those who deal with an overburdened budget--leave your expectations and assumptions at the door. I've seen a range of comments, like "only actually poor people should post here" to "it's not for actually poor people, it's for working class" and "the name is tongue-in-cheek". With the original intent being so widely defined and the evolution of the community so unstructured, neither side of this very real dividing line is going to be best served by assuming the subreddit is *ACKshually* meant for one sort of income level or another. It was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.** (edited to embolden, since this point is already being overlooked) + +For my peeps precariously rocking it on the no-to-low-to-fixed income side of the federally defined poverty line--we have to create the content we want to see. It's not easy. I'm personally struggling to make a post about how I created a really useful spreadsheet to monitor my welfare eligibility as my income increases (complete with conditional formatting for green-means-good and red-means-eligibility-lost indicators), but it's a divisive idea. While I'm scrappy, that topic brings out some really ugly hate and toxic comments which shakes my faith in humanity and sends my anxiety through the roof. + +For those who identify with the word "poverty" but don't fit classical definitions of such--I'm not saying you're not struggling or that your struggles and successes aren't important and shouldn't be shared here, I'm just saying that it is really frustrating for a lot of users to be in a subreddit called "povertyfinance" and see content that's not very relevant to or entirely disconnected from literal financial poverty. + +And for the love of rising credit scores, post context first and debt-free pics later. +I always hear stuff like “everything is priced in” ect… Most sources and some studies make it sound like it’s insanely hard to beat the market. + +Can someone average and without much luck learn, after a reasonable amount of time, to outperform the market with some consistency? Honestly returns of like 12% a year on average over a long timespan would count for me… + +[View Poll](https://www.reddit.com/poll/wv0osi) +So after a good run selling Puts on hospitality industry and calls for zoom, looks like the shit is going to hit the fan with the omicron variant... I think the current instruments are too limited and very biased (against me, whatever side I am on)... I am going to make my own instrument with blackjack and hookers... + +Hypothetically how hard is it to make your own financial instrument and deal with a bank? + +&#x200B; + +Edit: I think there is an opportunity here... As mentioned by many here, the big firms wouldn't pick my calls unless I have plenty of zeros in my accounts, also being a degenerate gambler I want to bet my money on new exotic stuff (which hasn't been invented yet)... This is a supply and demand issue, I propose to make a "bank" (or a bookkeeping institution) that would allow me to place as diverse bets as I can handle on as diverse instruments as I can come up with payouts depending on the exposure risks... + +&#x200B; +So I found out about technical analysis today. Currently looking into RSI and it looks like a very useful tool to help with when to sell a CSP or CC and can help choose the strike. I know this is just an idea and not something thats set in stone but it does give a nice insight. So besides RSI what other tools do you use? +I've been looking into the wheel options strategy and have done a few trades in the past few months, but I'm beginning to arrive to the conclusion that the yield may not be substantially more than buy-and-hold, especially with consideration of short term capital gains (my effective fed+state tax comes close to 35%..). Though holding an index, say SPY or VTI yields an average 10% annually or so, I can forgo capital gains at least in the immediate time frame. + +For those of you who are veteran option wheelers, are you able to capture a annual yield that substantially outperforms a broad index after accounting for short term capital gains? + +Thanks in advance. +Does anyone else have issues with their broker wildly changing margin requirements mid day on specific stocks? I understand the need to do this, but it's frustrating to be open a position and not know what the margin req will change to at noon. Really makes selling options on high iv stocks difficult. My broker is TDA, but curious if Tastyworks or other brokers do this in the middle of the day as well. + +I don't mind it, just wish it was done at 9:30am and not noon. I find myself opening positions safely with 30% buying power or something, the stock is flat, and suddenly I'm negative 400% margin requirement because of their damn algorithms. +Do you have to plan for the estate tax (either federal or state, if yours has one)? Did you do something special because of your family dynamic? Did you make any specific bequests? + +My spouse and I setting up our estate plans. We don't have enough assets to worry about any estate taxes yet, but found the whole revocable trust thing interesting enough. Further Google searches revealed a lot more complexity with respect to trusts and their different types/purposes, and estate planning as a whole beyond what we need right now. It looks like owning your own business is a particularly sensitive issue to manage with respect to passing it on, as beneficiaries may feel they've been treated inequitably. + +We don't have any children yet so are leaving most of our assets to nieces and nephews. It's challenging planning for these beneficiaries because they're all in the single-digit age range. It's also been difficult trying to have one comprehensive document covering all contingencies given we're only middle-age now. Much could be different in 10 years, let alone 30. We'll continue to update our plan on a regular basis, but it's still a overwhelming for a first-timer. + +As far as specific bequests, it turns out we don't own much of value! A couple pieces of jewelry are all that made the list. As our net worth continues to increase, I'm sure we'll purchase items of either sentimental or financial value that we'll want to leave to certain people. The realization that almost everything we own has immense value to us, and in actuality an immense replacement cost, but essentially no value to anyone else was a bit jarring. (No one wants your kitchen table, used clothing, or 3+ year old TV for anywhere near what it's worth to you.) + +What do your estate plan look like? Were there any challenges or arguments, perhaps, that stand out in your mind? + +(The relevance to FatFIRE is that many people don't have plans at all, and of those with plans, HNW individual plans may be more complex, interesting, and pertinent to FatFIRE readers than other plans.) +For example, two thresholds I know of are: + +3.8% Net Investment Income Tax, which applies to all investment income if MAGI > 200k single / 250k joint. + +Mortgage Interest Deduction applies to only the first 750k of debt. + +What other thresholds should fatFI and fatFIREd individuals be aware of? +Thinking of having a wedding but not getting legally married for now. Tax penalty would be somewhere in the [many thousands] a year range as we both have similar incomes. + +Financially I can't see any reason how it makes sense for the time being. In the future once FIRED, yes. For now, no. Once older, yes for estate benefits but now, no. + +Other than fringe cases like visitation rights during hospital stays, suing for wrongful death, etc...what are the other considerations we should take into account? + +Please note that we are both on board and neither have any romantic illusions about a piece of paper from the government. The wedding itself is good enough for the romance part. +Has anyone had a really great out-of-the-ordinary museum experience in NYC? A guide who was particularly awesome or a museum that was particularly good. Taking some family soon and we’ve done the Met, MoMA, AMNH… looking for new ideas (though we’re happy to do the old standards). Willing to spend for something cool/private. + A lot of people say to have kids when you're financially ready, but never much detail about what that actually means. + +I suppose it's really a 'how long is a piece of string' question, but interested in the numbers. + +I've also heard that daycare is really expensive, and that it's not financially prudent for a lot of people to return to work and use daycare unless it's full time and high paying, as childcare costs are so high. + +After some real-world info about what you spend on your kids; from daily life to childcare/nanny/school, to clothes to entertainment. What does a healthy budget look like? +Just thought you guys would get a kick out of that. She's probably the oldest owner of Bitcoins in the world, and she's sitting on $20,000 worth. In part because her crazy grandson convinced her to take a chance! :) + +I’ve been working in financial services for 25 years - but in IT. I’m not a trader or banker or economist but I have rubbed shoulders with them and learned a lot over the years. + +A tax reduction across the board would stimulate the economy but would kill the deficit. Raising taxes would reduce the deficit but harm the economy. Focusing only on taxes it seems a good way to go would be to reduce taxes across the board except the top few percent. Raise taxes on the top earners to reduce the deficit while lowering taxes everywhere else is sort of the right direction. If done right we could improve the economy and the deficit. Is this the direction Bernie Sanders wanted to go? For business taxes, reducing them where the benefit is likely to be reinvested should also be part of the solution. + +We tend to only see these issues and in black and white but a real debate and negotiation needs to deal in shades of gray. I’m fully aware the above is over-simplistic but can we come up with something that would be good for the economy and the deficit or are better off leaving it alone? +Been a lurker in this sub for a bit without an account but would like to put out a word to those new to options trading - + +The mods and the community have put together, in one way or another, a comprehensive list of [materials](https://old.reddit.com/r/options/wiki/index) which you should take advantage of. It's a good place to start if you're completely new to this. + +You don't need to fully comprehend all the material but it's way better than blindly going into a trade or handicapping yourselves unintentionally. + +I'm often reminded of myself in my earlier years when I see others enter a position and then look for help when it turns unfavourably against them (nothing inherently wrong with doing so), hence I felt like I had to mention it and continue to help and guide others who are new. + +Also do consider trying out paper trading accounts before actually putting in your hard earned money. I personally use TD's ThinkOrSwim platform since it's interface is best suited for my needs but the idea is the same regardless of platform. You can try out the various strategies outlined in this sub or even do some YOLO trades to see what works for you. + +At the end of the day, we're all here to make money together. Don't blindly throw it away. + +Good luck! +I just paid of my last loan and built my emergency fund, but have no plan after that +I’m curious if there’s a general rule that people follow + +*ive been contributing to my 401k this whole time + +Edit: I make 74k +I have $100k to invest. Target retirement date is 25 years out. + +I have following 4 options to choose from. Which one should I go with? + +1- All in SCHD lump sum + + +2- All in SCHD $10000 a week + + +3- 60/40 SCHD/JEPI lump sum + + +4- 60/40 SCHD/JEPI $10000 a week + + +I am leaning towards #4. + +I’m trying to get a better understanding of energy/ commodities and energy companies. Between Exxon and Chevron, which one would you choose to invest in? + +Also, what are the major differences between these two companies? Based on my research, they seem extremely similar. I’m not too familiar with anything oil/ gas wise. I’ve been trying to find a easy to understand short summary of what they do. + +What are these two companies doing to change their business model to better prepare for the decline in use of fossil fuels for energy. I don’t think oil/ gas/ coal are going anywhere anytime soon tbh but long term like 10+ years I think we will be way less reliant on them as main energy sources. + +If you have any other energy company recommendations, I would be happy to learn about those as well. + +Thank you! +I am going to be moving to London with 2 of my friends, and we will rent a 3-bed apartment. They both work in the centre of London so we require the flat to be within biking distance. + +I will be earning 50k before tax, which comes out to £3,030/m after tax and pension (no student loans). My friends are on similar salaries. + +This is all of our first time renting, and living in London so I wanted to know if people had a London budget plan? Or had advice - maximum I should spend on rent etc. Note that I do not drive and will not require transport (apart from the odd here and there) as the work is remote. +Hey guys, + +**by now we have all seen the headlines, Melvin Capital supposedly closes Q1 with a 49% loss:** + +[https:\/\/www.reuters.com\/article\/us-hedgefunds-melvin\/hedge-fund-melvin-capital-lost-49-on-its-investments-in-q1-source-idUSKBN2BW2Q2](https://preview.redd.it/304nnxp9wcs61.png?width=888&format=png&auto=webp&s=bf024551c923a5ecc09c1fd791eddda6de59f141) + +Of course, whether that's true or not remains to be seen, but I have just spent half an hour inputting stock price changes into Melvin's portfolio, and **if it's true, IT'S REAL BAD.** + +Apart from being **a fraudulent short seller**, Mr. Melvin is actually a pretty shrewd investor. + +For the period ending 31 DEC, he reported to the SEC a **Portfolio Value of $22,639,690,000** across 77 positions, opening 5 new ones, and closing 36 positions. Mister Melvin sold a lot of profitable calls and stock at the start of this and previous quarter (at first glance), so it's also likely he is sitting on a sizeable cash reserve. But that's not the crux of this analysis. + +&#x200B; + +**In this report for 31 DEC 2020, Mr. Melvin reports holding $19,787,325,000 LONG in the following stocks:** + +[Great bet on AVIS, Mr Melvin! I will spend it wisely.](https://preview.redd.it/k3ivey8eycs61.png?width=1122&format=png&auto=webp&s=4f641d0b31a6afba510065f5e57600b096173bb1) + +[ANF sure turned out to be a shrewd pick, huh?! Good going Gabe!](https://preview.redd.it/0pqvpsziycs61.png?width=1123&format=png&auto=webp&s=efba96023dcaafff067207e128d9759501c7265b) + +[Gabe with the X-ray vision on XRAY!](https://preview.redd.it/mzsz0malycs61.png?width=1122&format=png&auto=webp&s=e7a57cfc9d23543dee4148f392668cf3db32b936) + +# Let's zoom the total in: + +https://preview.redd.it/4iyw4euqycs61.png?width=511&format=png&auto=webp&s=bdcff6d18644d798a6960648ee8a8a6361ec3ea1 + +# Mr. Plotkin posted a 7.62%, or $1.507bn profit in his LONG holdings between the 31 DEC report, and 31 March 2021! + +# Well done Mr. Plotkin! Thank you for making sure you have enough liquidity to pay any liabilities that may come up in the future! + +&#x200B; + +**49% of Mr. Plotkin's LONG portfolio would be:** + +# $10,434,209,633! + +&#x200B; + +A $10.43bn loss, guys! + +**A $10.43bn loss, so far, Gabe.** + +&#x200B; + +\---------- + +**Find more long-read DDs in my profile, I now research and write about GME full-time thanks to the kindness of the apes!** +Over the years my income has grown and while I haven't had my lifestyle follow directly my expenses do seem to increase as my income increases. What I find is it isn't the big stuff that gets me, our cars are paid off but it's things like spending more for organic everything, fancy cheese, the highest end baby things etc. I'm still saving around 20% of my income every year which including maxing out my 401K but I struggle sometimes with the balance of what I'm buying now to enjoy in the moment vs having a level of financial freedom in the future. +As of December 4th Oanda will start charging a 0.5% fee on all trades that are not in your base currency. + +&#x200B; + +>OANDA charges a 0.5 % mark-up on the midpoint price at the time of conversion +> +>... +> +>It is applied to **any realised profits and losses, adjustments, fees and charges** that are denominated in a currency other than the account’s home currency and as such, needs to be converted to the account’s home currency + +[Link to Oanda's site](https://oanda.secure.force.com/?change=en_US&country=US#!/article/kA04O0000000peZSAQ/ka04O0000001Ib5QAE/) + +&#x200B; + +Is it just me or does this seem a little excessive? Or do all brokers have this? + +&#x200B; + +Already the spread is the biggest challenge for my strategy. If I had lower spreads I could get more trades at lower timeframes. This added 0.5% basically increases the spread on most of the pairs, so I'll probably just close my account with them. +My point of view - Trading a small account up to a substantial amount is possible. + + +His point of view - Roger, you won't get anywhere with it. + + + +Challenge accepted. I have an account with $780 which I'll start with and top it up $220 (total 1K) if trouble rears it's ugly head. + + +The bare bones of the trading plan is, give it one month and reassess from there. + + + +Trade the Asian session (I'm in Australia). Use a Moving Average/Candlestick combo for trend following. Use a Bollinger Band/Candlestick combo for reversals. Primarily on the 1 hour timeframe. + + + +AUD/USD, NZD/USD, AUD/NZD, USD/JPY, USD/SGD, AUD/JPY. + + + +Tonight I'll set-up a rough blogspot page to track the challenge. + + + +Wish me luck. + +My point of view - Trading a small account up to a substantial amount is possible. + + +His point of view - Roger, you won't get anywhere with it. + + + +Challenge accepted. I have an account with $780 which I'll start with and top it up $220 (total 1K) if trouble rears it's ugly head. + + +The bare bones of the trading plan is, give it one month and reassess from there. + + + +Trade the Asian session (I'm in Australia). Use a Moving Average/Candlestick combo for trend following. Use a Bollinger Band/Candlestick combo for reversals. Primarily on the 1 hour timeframe. + + + +AUD/USD, NZD/USD, AUD/NZD, USD/JPY, USD/SGD, AUD/JPY. + + + +Tonight I'll set-up a rough blogspot page to track the challenge. + + + +Wish me luck. + +My US broker offers some "add-ons," which are just EAs, that improve the functionality of MT4. This includes tools like a position size calculator, and one that shows past trades on the chart. I also downloaded Swiss Army v. 1.51 which helps with trade management, such as automatically moving a trade to breakeven once a pip target is hit. These tools are helpful, but it is still cumbersome to use MT4. + +If you use MT4, what did you do to it in order to make it more useful? Do you prefer an alternative trading platform that is easier to use and more functional? +The senator: + +\-Has blocked the crypto-amendment because he wants a 50 BILLION dollars additional U.S. military funding because it would currently be "underfounded" with money + +\-Has never ever talked about crypto before this + +\-Was never educated about crypto + +\-Retires next year + +\-Is a 87 years old dinosaur + +&#x200B; + +Additional fun fact: he has voted against nuclear arms reduction treaties and seems to be heavily sponsored by big banks and somewhat by the defense/arms industry +I’m 16 and don’t have much financial knowledge but would love to learn more, why is the rule of thumb 30% of your gross income if that’s not actually what hits your bank? +I'm just looking for some guidance on what I should do. I'm 19 and during 2015 I lived on my own the entire year minus maybe a week I stayed at my parents. I recently filed my taxes and I received a decent refund since I'm currently a student. I did some reading on my own and since I provide for everything myself minus a cellphone bill but my parents want to claim me as a dependent saying that since one of the students loans I took out was under their name (it's a fafsa parent plus loan) they can claim me as a dependent. Am I right to file and claim myself or should I let my parents claim me. They said that the education credit would benefit them more than me but I have already received my refund and spent it paying off my credit card debt, so I know I'll have to pay it back if I do let them claim me. If I'm claimed myself correctly can anyone give me a source to show my parents. + +Tl;dr - I'm 19, I claimed myself as a dependent, already received and spent my return. My parents want to now claim me as a dependent even though I don't live with them nor do they provide much for me so they can get the education credit. + + +*edit- I probably should of added this information to the main post earlier so I won't have to repeat myself so much. My parents pay for my health insurance, phone bill and got a parent plus loan of 7k that went towards school. I live on my one and its not in any university housing. + +Also I got in touch with the tax lady my parents were talking to, I think they misunderstood what she said from our conversation. +I'm sure you guys have been hearing a lot of this and I don't mean to beat a dead horse, but you guys need to consider something... + +These are each of these asset's returns over the past month: + +NIO: 89.35%, + +PLTR: 82.41%, + +XPEV: 174.67%, + +CRSR: 64.75%, + +LI: 99.79% + +We all know that the idea of the game is to buy low and sell high... it goes without saying that each of these assets are ready to cool off a this point. The markets are barely moving up yet these stocks have rocketed to the moon in basically no time at all; it doesn't make sense. + +&#x200B; + +Now I will ask you, don't you agree with me? Well guess what, If you do, you just failed the test. I lied about those returns, they were the monthly returns prior to today. + +Here are the monthly returns including today's trading day: + +NIO: 112.92% + +PLTR: 111.46% + +XPEV: 267.84% + +CRSR: 85.13% + +LI: 128.72% + +If you agreed with me, you just threw out your one-way ticket to the fucking moon. + +In summary, there is no such thing as the top, "buy low, sell high" is officially being replaced by "buy high, sell at the stratosphere." Stocks go up. + +TLDR: The moon is still far away, just less far away than yesterday. + +Edit: 🚀 🚀 🚀 +Hey folks, I was just browsing through all the countless biopharma DD and pumps and was genuinely curious how those not in the medical world evaluate fledgling biopharma companies aside from just what the company says in their press releases. + +It would seem that a lot hinges on understanding the product they are trying to create and market, what processes a company has to go through in order to gain FDA approval, what clinical trials are and how to read and interpret them etc. + +I was wondering if you all would see much value in a book that tries to translate the clinical stuff into a more palatable form so that you can improve your DD skills. + +Of course there is more to pharma investing than just understanding the science and technical aspects... otherwise all docs would be rolling around in lambos. + +Let me know what you think! + +Edit: maybe wasn’t clear, I am an MD, trying to gauge what other non medical types feel about this sort of thing. + +Edit 2: thanks everyone for all the replies. Talk about mixed responses! Sounds like most feel like this exists in some way, shape or form on the internet already — but maybe some more focused analysis on specific products may be most useful. Thanks again for the opinions. Maybe if I find some free time I’ll give something a try. + The Reserve Bank has doubled the size of its daily quantitative easing program, announcing it would increase bond purchases from $2 billion to $4 billion. + +[https://www.afr.com/policy/economy/rba-doubles-daily-bond-buying-to-4b-20210301-p576nr](https://www.afr.com/policy/economy/rba-doubles-daily-bond-buying-to-4b-20210301-p576nr) +One of the reasons I seek to FIRE is the simple reason I wish to own more of my time. + +Money can be seen as the currency of time. The reason why something costs money is that someone put their time into creating the thing I am buying. When you spend money, you spend someone else's time they put into serving you. If you are a billionaire, you could spend several lifetimes in a very short amount of time. + +My time is the most important thing I can offer to the world. Be it offering to my friends or family, to work, to enjoyment, or the community. + +This makes our time more precious than we might want to admit. Because the future is inherently unknown, we can never know for sure how much time we have. Do I have 50 years, perhaps only 20? + +Who of you has wished you had more time for friends and family? That you could work less and enjoy life more? Some love their work and would do it for free. But a lot of us think they would be happier spending their time in different ways. + +If you look at it this way, every subscription service I pay for, every new car I buy, every time I buy something I don't really need I pay with time I could have used in a more fulfilling way. + +This is why being frugal, saving money, being mindful of how one spends time, and seeking FIRE as a goal is something I strive for, to own my own time. + +Does anyone else think of it this way? +Buying a property is obviously the first thing one would think of when trying to take money out of stocks, bonds, crypto, etc - but there's zero inventory right now. Commmodities and REITs, and gold bars in the yard are all overpriced right now, in my opinion. (Understood that the wide consensus is that stocks will continue to go up until there's an increase in interest rates.) + +Furs? A rare car? Specialty hand bags? What's a solid way to store value? +Good Morning Apes! + +Not too much happening this morning. + +Put/call ratio has shifted now, puts favored ($ volume) + +https://preview.redd.it/9n4gpskqxb381.png?width=288&format=png&auto=webp&s=2046bc77e36caee872b62ac6f18caf0f83fb63ab + +Max Pain is down to 195 + +https://preview.redd.it/tqy4n4euxb381.png?width=2136&format=png&auto=webp&s=5b1ae95fe7700bcfe72a883f458a330b567d90f2 + +oh, and IBKR had 500k shares borrowed around 7am + +https://preview.redd.it/0m660lboxb381.png?width=1332&format=png&auto=webp&s=1250423e783e1a5b7b4e1ea0009b7593eb90a6ff + +With IV starting to pick up on calls heading into earnings we could see a move towards max pain today and fill in some of that 15 dollar gap. + +We are still looking for evidence of a roll on the futures contract. Currently volume and price improvement indicate their is no current intention to roll. + +&#x200B; + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market PArtytime! + +So after todays slow bleed a sweet fuckin' rip into close. Back up almost $13 dollars from our intraday low at 159.00. I may not be right all the time but that dip to the 200 EMA was a sweet buy-in average down opportunity. Still closing $20 below max pain which was up at 195. With earnings next week and IV picking up today the influx of call volume is indicating some bullish movement. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +Edit 4 2:08 + +Continuing downward drift pushing down below the EMA200 we are approaching the low for retail cost basis. With the continued market down turn and low volume it looks like we will be closing this week significantly below max pain. + +https://preview.redd.it/y7hqq9famd381.png?width=1568&format=png&auto=webp&s=958e07ac55e395ead2a9187bdf1756a07ef2b292 + +Edit 3 11:33 + +Uptrend holding sitting right on top of the EMA 180 now + +https://preview.redd.it/vez07phnuc381.png?width=1574&format=png&auto=webp&s=8a8275646a093c49369aff714bdb4d3b88a710c9 + +Edit 2 10:38 + +200k shares just returned to IBKR so 300k likely used this may indicate our bottom for today. just below the EMA 180 + +https://preview.redd.it/juweomevkc381.png?width=1585&format=png&auto=webp&s=efd8ee2288c0560cd2c6079f0955aca65a8dca70 + +Edit 1 10:07 + +Looks like they are using the 500k borrowed shares to short the market downturn advantageously + +https://preview.redd.it/po7e7ykbfc381.png?width=1577&format=png&auto=webp&s=8ae378a59bee5a3a8ab9b7ba698345fdc6a442ef + +# Pre-market Analysis + +Fairly flat through pre-market no significant price action. + +Pre-Market volume has fallen off again currently at 6,240 + +Shares to Borrow: + +IBKR - 150,000 @ 0.6% (500k borrowed at 7am) + +Fidelity - 1,117,647 @ 0.75% + +[Flat as fuck in the pre-market 1m](https://preview.redd.it/heokd27ozb381.png?width=1578&format=png&auto=webp&s=7f81fbefd61a10208af1db278b10538cfb0933ee) + +CV\_VWAP + +https://preview.redd.it/rztr9rk80c381.png?width=2456&format=png&auto=webp&s=c1861c3f560e8b0b6a074d1eea7db2e02528ece7 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I'm looking through the cash flow statement, balance sheets, and income statement but I can't find the exact values listed in multiple news articles that Amazon was refunded and paid no tax. When I look at their income statement for 2018 I see that they paid $1,354 million in taxes. + +I did a CTRL + G search on the 10k for 1354, 129 (refund), and 1483 but got no results on the 10K. Matter of fact, I can't find the 1354 income tax from TD Ameritrade on the Amazon 10K at all. +At the moment everyone keeps raving on about FAANG and the next 'uber' of the Snapchat industry. + +But what is your most unconventional stock that you are proud of holding in your portfolio and why? +There was a time when *Diamond Hands* was our motto, now we are flipping NFTs. I can see this being picked up by the MSM and the narrative will focus on some obscene prices being asked. + +Post your NFTs by all means, but in my view that should only be if they are not relisted for sale. +Hi all, I currently put £50 a month away for my daughter, but I just stick it in a basically 0% normal savings account, are there any recommendations as to somewhere I can put it? Bearing in mind it'll quite long term, don't intend on touching it for another 16 years! + +Not interested in trying to make her a millionaire, but every little extra helps! + +Thanks in advance +I've been monitoring /r/Bitcoin for several months now, watching, speculating, and slowly collecting coins. To date I've purchased or mined Bitcoin, Litecoin, Peercoin, Ripple and Primecoin. Selling off some over time, and putting some personal wins up on the board. + +I see two major camps here. In the first camp are the folks attracted to 'quick money', they are excited for Bitcoin and hope to time the market, making a quick 5-10x. These are the folks that you see selling right now. You can't blame them, these folks are making (in many cases) life changing money, paying down/off cars, houses, etc. + +The second camp are what I consider to be the true believers. Those of us that understand that Bitcoin has the potential to change money forever. If you believe that a decentralized digital currency, free from government corruption and controlled by the masses is the future - then you're in this camp. This is no easy road, there are going to be sell-offs, attempted regulation, and major unforeseen disasters. It's not for the faint of heart. We could and probably will lose everything, but IF we pull this off, the results will be unlike anything we've ever seen. + +I'm printing out my wallets and putting them into cold storage. This sell-off (for me) doesn't matter, is all part of the long bumpy road we must travel. For better or worse I'm in this for the long haul. + + +Disclosure: The post does not constitute investment advice. By day I'm a Venture Capitalist at Google Ventures. Through Google Ventures I've invested in OpenCoin & ButterCoin. All coin purchases and mining have been done personally. +-- +**The stock market finished a terrific week at record highs🚀🚀🚀 Companies like Google, Pinterest, Amazon & others smash earnings reports while Jeff Bezos bows out🚀🚀🚀 Let’s talk about this & other stock market news** + +Hello everyone! So, let’s start with the recap of last week, as we saw all 3 major indexes finish the week with big gains with the SP500 & Nasdaq Composite finishing at new record highs while the Dow Jones did also rise for 5 straight sessions. For the week the [DOW](https://imgur.com/NQpg47q) gained 3.9%, the [SP500](https://imgur.com/cY3wx9N) rose by 4.65% and the [Nasdaq Composite](https://imgur.com/T5qgyg5) outperformed gaining just over 6% in what was the best week since early November 🚀🚀🚀 + +The Volatility [Index](https://imgur.com/Ki1RNHZ) dropped every day last week as it now seats just above 20, with this being a huge level that hasn’t been broken in a long while. + +We saw all 11 [SECTORS](https://imgur.com/pp8DYTh) finish the week in the green, with Energy leading the way followed by Consumer Discretionary, Communications & Financials also gaining more than 6% 🚀 + +[Here](https://imgur.com/tRRK4fZ) is the HEAT MAP from last week, as we saw a hole lot of green in pretty much every sector, with big tech names gaining huge while the biggest lagging sector was Health Care. The big tech names just continue to [increase](https://imgur.com/96Q4J9w) their % of the SP market cap as technology is likely to continue to be one of the best performers in the next decades. + +We also saw some interest economic data last week, as manufacturing continue to recover in January as both the [ISM](https://imgur.com/Q9ZPnxF) index and the [PMI](https://imgur.com/nVz0oDe) Index came in pretty solid and continued to stand in expansion territory. + +Also, the [ISM](https://imgur.com/jgJ2IbI) Services Index came in better-than-expected rising above expectations due to an increase in employment & new orders. + +In terms of Job numbers, we saw [ADP](https://imgur.com/a39dqcB) coming in way better than expected as over 170K jobs were added after a big drop in December. We also saw initial jobless [claims](https://imgur.com/ftMXubP) dropping even more than expected while the continuing jobless claims fell to under 4.6M last week. + +This [WEEK](https://imgur.com/vLr3QHG) is pretty quiet in term of economic data, with core CPI, Consumer indexes and jobless numbers being the biggest ones while the [EARNINGS](https://imgur.com/PMP5olx) season continues with some of the most interesting earnings coming from Twitter, Coca-Cola, GM, Uber & PepsiCo while we also have to see how Disney subscriber numbers are continuing to evolve after hugely upgrading their expectations. One other thing that I am also interested to watch is the PayPal investors day on Thursday in which they are expected to provide a 3-to-5-year financial outlook. + +In some other stock market [news](https://imgur.com/EcqHtMU), it seems that most of the RBNHD retail investors that have jumped ship are going to Square’s Cash APP with almost 40% of investors choosing the app. We have to see if this trend continues now, after [RBNHD](https://imgur.com/joQIln0) removed limits on all stocks, but regardless, I think Square is a nice FinTech play despite their huge valuation right now, as they will also benefit from the jump in digital currencies and more companies planning to increase investments in integrated POS providers just like Square 🚀 + +We also had a lot of interesting earnings last week with Amazon [crushing](https://imgur.com/GILwN3r) expectations, beating by almost $7 and almost $6B on revenues as this was the first time Amazon passed the $100B mark in a quarter as the holiday & e-commerce demand combined to give Amazon a 44% increase y/y in sales. The other big [thing](https://imgur.com/WMmAddL) we got from Amazon was that Bezos will step down as CEO as Andy Jassy the current AWS leader will become the next CEO. This news caused some uncertainty for the company, but I believe this is still a long-term buying opportunity as Amazon will remain one of the best companies to own in the world 🚀 + +Also, one of the biggest fintech companies out there, [PayPal](https://imgur.com/Klv5tD6) showed great strength in their numbers, beating both the top & bottom line as their total payment volume and new active accounts showed continued strength in the move to more & more online payments solutions 🚀 + +The other big earnings report we saw last week was from [Alphabet](https://imgur.com/5BOUPT0), which also beat by more than $6 and $4B in revenues as they surprised most of the analysts with great beats in most of the segments as their operating margin came in 5% better than expected. The biggest income generator remained the Search & YouTube business as they are still investing huge in their Cloud platform that is still bleeding money, but is very likely to pay out in the long-run 🚀 + +Other companies also smashed earnings with [Pinterest](https://imgur.com/0zB9SPh) beating expectations after a 76% revenue growth and a 37% user growth while [Ford](https://imgur.com/zerclC2), which was expected to post a loss, turned out positive earnings of $0.43 despite a 9% decrease y/y in total revenues, as the last 2 quarters of the year provided strong evidence that Ford is progressing into turning around the company🚀🚀 + +Meanwhile, though they didn’t have an earnings report, [COSTCO](https://imgur.com/6UmGJ7x) reported a rise in sales of almost 18% in January as the total comparable same store sales which rose by 15.9% crushed the analyst expectations of just 11.7%. I believe Costco is one of the best retailers to own despite it trading always at a premium, as the company is also jumping on the e-commerce trend, with a 107% increase in e-commerce sales in January🚀 + +And finally, let’s hope for a good day as the [world](https://imgur.com/itl9KxB) stock markets and the US [Futures](https://imgur.com/mlrfLz5) are pointing to a good open with the Nasdaq leading the way after the Treasury Secretary [pushed](https://imgur.com/jfKvaev) for more fiscal aid to help the economy & the unemployment fully recover as fast as possible. + +**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❗** +It's been two years since having to leave podiatry, and I now have a different job that brings in $2400 a month. But to pay off my student loans, I would need to pay $2200 a month. With income based repayment, I'm paying $110 a month currently, but obviously the loan is just getting bigger. In 25 years, I can ask for forgiveness of the loan, but I'll then owe taxes on the amount forgiven. At that point the loan will be over $1 million, and the taxes will be $475,000. I'd have to save $1600 a month to pay it off, which isn't very practical, either. At this point, my plan is to eventually try to get a job at a non profit or government facility, which would allow me to apply for a different kind of repayment plan (the Public Service Loan Forgiveness Program) that allows for forgiveness after 10 years, and doesn't charge taxes on the amount forgiven. But I've been warned that positions that you would expect to qualify for this repayment plan often won't be accepted, and it's not something I should feel confident about being able to get into. Wondering if anyone on here has any advice for other strategies to pay off these loans now that I will never have the income that I expected to when taking out the loans? + +Edit: Thank you for all of the responses. I've read them all and learned some things that I think will prove useful for managing my debt. For everyone asking, I have a benign glioma that is causing epilepsy and memory loss. Removing it might cause me to forget how to talk, so it stays and podiatry goes away. +https://www.bloomberg.com/news/articles/2020-06-17/nikola-s-founder-exaggerated-the-capability-of-his-debut-truck + +> The people familiar with the truck, who asked not to be identified discussing sensitive information, said they were concerned about the statements. Gears and motors were missing, and while the words “H2 Zero Emission Hydrogen Electric” were emblazoned on the vehicle, there was no fuel cell on board. + +> “There wasn’t a fuel cell in the truck. We never claimed there was,” Milton said. He confirmed the motors and gears weren’t in the vehicle for safety reasons. + +> It’s taking longer for Nikola to enter the field than Milton hoped. He said at the time of the unveiling of the One that deliveries would start in 2020. **Nikola is now less committal about a delivery date 3 1/2 years later. T**he company is forecasting no revenue for this year. + +This is legitimately the next Theranos/Elizabeth Holmes situation. ~~College~~ High school drop-out (not in and of itself a big deal) with zero prior experience in a disruptive field and raising tons of money without anything to show for it at all. +I was thinking that we should have a better reference to acquiring data than what is currently on the sidebar. + +Here are a few links I have collected that I think will be helpful to others. Please post your own links and mention your experiences with these data providers. + +On acquiring data: + +* [Rent, don’t buy, data: our experience with QuantGo](https://epchan.blogspot.com/2014/11/rent-dont-buy-data-our-experience-with.html) +* [Caltech Market Data Guide](http://quant.caltech.edu/historical-stock-data.html) +* [Quantpedia links to historical data](https://quantpedia.com/Links/HistoricalData) +* [How to get a list of all tradable US stocks](https://quant.stackexchange.com/questions/1640/where-to-download-list-of-all-common-stocks-traded-on-nyse-nasdaq-and-amex) +* [r/algotrading - Free Forex tick data (already in sidebar)](https://www.reddit.com/r/algotrading/comments/wdefj/how_to_download_free_tick_data/) +* [/r/algotrading - Tick level BitMEX data - process and script for download](https://www.reddit.com/r/algotrading/comments/9g1fug/tick_level_bitmex_data_process_and_script_for/) + +On APIs: + +* [r/algotrading - Best stock market APIs](https://www.reddit.com/r/algotrading/comments/8ro5n7/best_stock_market_apis/) +* [r/algotrading - Stock data API](https://www.reddit.com/r/algotrading/comments/6kjbg9/stock_data_api/) +* [r/algotrading - Daily data feed](https://www.reddit.com/r/algotrading/comments/93l0gs/daily_data_feed/) +* [Goodbye Google, Hello Tiingo!](http://blog.fosstrading.com/2018/04/goodbye-google-hello-tiingo.html) + + +Update....... I just get a call from BECU and they said they will give me the loan directly without the middle man, the dealer. They acknowledged that the Dealer was wrong so they will cancel that application and they will also remove the credit inquiry from my credit report. This is a win for all of you. I thank you each of for your advice and support. Thank you ♥️ + +************************ + +Hello friends, basically my Honda lease was due and I had to make a decision. I decided to buy the car. I went to the dealer and they run my credit, basically, they want me to pay $5000 more if I want to own the car and buy it off.. They also want me to finance through their preferred bank which has 5% interest rate. According to them, my credit is an excellent and yet they want me to have higher interest rate, I requested to check BECU through the dealer and they run one more credit check and they said BECU offered you 2% interest rate. + +Okay, now we agreed on the interest rate but what about the balance, I thought I only awe 19k, where's the 5k coming from? Well, it's the taxes and dealer fees and license fees and so on. + +Okay, fine, I went to my local BECU Credit Union to take the loan directly from them and then pay honda without dealing with their dealers. + +The Local BECU Credit Union already saw my application from the dealer, they showed me that they already approved 24K through the dealer. I told them I don't want to go through the dealer because they're charging me 4k Extra, if I can get the loan from you, I will have to pay only 19k plus taxes, that's 21k to be exact, that's 3000 dollars difference. + +The local bank said they will contact the dealer and they need to resolve the dispute between me and the dealer, they're saying the dealer should not charge you more than 19k plus taxes, that's the amount you awe according to the Honda buy out the form. They said they will contact the dealer tomorrow and then they will call me back after that. + +Is anyone experience this situation before? +I'm gonna lay it down in simple terms, and let you guys bicker about it. Probably won't respond either, because I simply don't care. + +1. Speeeeeeed. Extremely fast transactions with the consensus protocol +2. ICO's... This + speed = major threat to Ethereum, as far as ICO's are concerned. Most people don't even know that Stellar will be blooming with ICO's this year, such as Mobius, SureRemit, and KIN. And this is just the beginning. +3. Mobius Smart Contract Platform. If this is a successful ICO, then this is a major threat to Ethereum. Stellar doesn't suffer from network congestion, after all. +4. Inflation. Ripple is deflationary by nature. This explains itself. +5. Half the circulating supply of Ripple: ... ripple is currently overvalued, and anyone who doesn't think so is naive. Imagine what Stellar's price would be with the same market cap as Ripple. +6. Support from IBM, Pundi X, and ATM's already in development. Need I say more? + +Stellar is gonna blow up this year. If you're not invested, get on board. It combines a Store of Value (Bitcoin) with a Smart Contracts platform (Mobius vs Ethereum), very fast transaction speeds, and support from major developers. Just because they haven't marketed and hyped the shit out of the coin doesn't mean it's a bad buy. And this isn't even mentioning the ability to host decentralized exchanges. + +Don't be an idiot. Sure, this is a shill post. But the writing is on the fucking wall. If you're ignoring it, that's your problem. +I just added all the bullshit fast food I order daily and quick shop stores and it was almost $500 a month. Felt like someone stabbed me in my conciousness, soul and heart. I deleted ALL uber eats, door dash, grubhub and eat24. I'm still in shock writing this. I cannot belive it until I noticed in my bank acct money was tighter than "usual". +So I'm a Vegas local and the D Variant is ripping through this city. All my bartender and server friends are telling me that no one is giving two sh\*ts about the masks. I see and hear all these tourists saying they are going to reschedule their trip. As a result, I decided to short some casinos today. What do you guys think? + +Edit: Dang..... I never knew this would have so many comments. Cool. +There’s a lot of discussion to broker liquidation and how they can screw you out of paying when MOASS happens. I think the brokers won’t even let it get to that level. They will do everything possible to make sure they do not default. + +The argument for big brokers defaulting has always been they have trillions of dollars in assets. They cannot go broke. However if there is significant risk they can reverse trades on GME and return you your cost basis. Reversal of trades can happen. Just look at LME (yes I know different exchange but a close enough example). + +According to the rules NSCC should kick out brokers who have FTD’s but because Wall Street doesn’t care about naked shorting these rules aren’t enforced. However once there is significant risk and NSCC does start enforcing this brokers will seek out to protect themselves and reverse your trades and give you back your cost basis. They will just say “sorry the trade never settled. It was an error” and will fight it in courts for the next few years and decades. + +If you’re looking for a credible source on this below is a video where Dr. T discusses this at 5:00 mark: + +[Link](https://youtu.be/0n0OxABkOS8) + +You can ignore the beginning of the video where she discusses NFT’s since it’s not relevant to this post. + +If you think this is a post to scare you into DRS’ing it is not. I don’t care if you DRS or not. If you go through my comment history you’ll see I was one of the people that argued for big brokers and how they couldn’t fail. I have completely changed my mind after seeing Dr. T discuss this. I just hope that you get paid for your shares and don’t end up in a court battle for years. + +This is once in a lifetime investment opportunity. I will not trust a big broker or a bank with such an investment. Better to diversify than be sorry. You can come to your own conclusions and make your own independent decisions. + +Edit: Wow my phone blew up with notifications. Sorry if I couldn’t reply to everyone here. All I’ll say is that everything I mentioned in this post are things that CAN happen. Not things that will 100% happen cause we don’t know what will actually happen during MOASS. In such unprecedented event it’s better to have more ownership and more transparency over your shares than handing over this responsibility to your broker. Just like with everything else on Wall Street everything works fine until it doesn’t. + +Also I would like to say that how many times have we seen Wall Street and brokers use technicalities and rules to screw over retail? From back when we found out about trimming of votes in shareholder meeting to people getting strange cost basis on their DRS shares, everything has been done to make it harder for retail to win. + +If you really trust your broker with this then that’s great. I hope everything works and I hope the scenario I laid out does not play out in reality. But in case it does I wanna be prepared. I’m hoping for the best and preparing for the worst. + +Not financial advice! +I have been analyzing EA share price and have come to the conclusion that the stock is over valued. + +The obvious indicator is as follows: + +The P/E ratio is >50 this is high especially compared to other video game publishers, most notably Activision, which is the publisher that owns the call of duty franchise with a p/e of <40 + +My explanation for why the stock is over valued: + +EA’s value comes from the future growth expected by the company. This future growth is expected from 2 main factors, licensing deals with Pro sports leagues (NFL) and Disney + Star Wars + +I do not think these factors will greatly contribute to EA into the future. + +The reason I think this is because EA has been in possession of these exclusive licensing deals for years and even decades. EA has had exclusivity of pro league licensed sports games for as long as most of us have been around, and it’s Star Wars deal has been old news for about half a decade and to make matters worse EA has lost its exclusive deal for Star Wars to Ubisoft (another video game publisher). + +These deals are not likely to ale EA more valuable and it is much more likely that EA looses these deals then for EA to actually start making sufficient growth in its revenue or any other area of the company for that matter. + +I’d really appreciate anyone else’s thoughts on my evaluation, it’s my first time making a DD post of this depth + +Thanks! +So don't go fucking broke. + +There's a lot of new people here, and a lot of young people here, and on online forums lying-as-memes gets taken seriously by the naieve and the stupid. So even though I'm a super fag for writing this gay shit, I'm going to break it down for you how you can increase your risk-taking. It's by being financially secure in 4 steps. Then you can blow whole paychecks on SPY calls. I've clawed my way out of legit stealing-electricity poverty and this is how you stay out. + +1) Get a 1.5% cash back credit card, put your expenses on it, and here's the important part, *pay it off every fucking month so you don't pay interest.* This will give you like $400 bucks a year plus sweet perks like fraud protection and sometimes insurance. + +2) Bundle your insurance for cheaper rates. + +3) Put 3-6 months worth of bills in a fucking ALLY HIGH YIELD SAVINGS ACCOUNT. You FUCKING CUCKS joke about that shit all the time but when you smash your fucking car and need to get to work for a week, Robinhood will not be forthcoming on the bank deposits. + +4) Start a ROTH *401k because tax rates won't get better. Ideally you max this bitch out with employer contributions but we want to leave money for TSLA losses so go for at least 2k a year. EDIT: TO CLARIFY, Let your the fucking investment company handle this account. Don't look at it. Don't touch it. Check it twice a year for 30 years. Do a growth stocks mix if your're young, switch it to more bonds when you're older. Don't be the two retards in this thread with options enabled who treat this shit like a 2nd TD Ameritrade account. The account manager will do a healthy mix of growth stocks and other shit and you'll have a cool mil when you retire despite your fuckups here. + +And that's it. Do this, THEN lose on options. This will keep you out of the god damn payday loan shop. You can keep eating chicken instead of peanut butter. + +More importantly, you can take riskier plays because you're not worried about losing the money you need for fucking rent. +I have always been a believer financially you are better off keeping an old car than buying a new one. I've been driving a old 2002 clio which i got for £25 at auction and probably put £100-£200 per year into maintenance. I don't depend on a car or require it to work. + + +Recently at a family gathering after being berated for putting my family in danger by driving an old car (it's not clio has ncap rating of 5 stars) my cousin piped in saying his leased audi is tax deductible on his tax return. + + +How true is this? as far as I have researched you can claim 50% through a business leasing and there no personal tax relief? Definitely not for an Audi petrol car. Anyone got any insights on cars and personal tax? +## The Conference on the Future of Europe has started! EU citizens can now officially propose ideas and voice their opinions on regulations, including on cryptocurrency and blockchain. + +#### What is the Conference on the Future of Europe? + +The Conference on the Future of Europe is a unique and timely opportunity for European citizens to debate on Europe’s challenges and priorities. No matter where you are from or what you do, this is the place to think about what future you want for the European Union. + +The European Parliament, the Council and the European Commission have committed to listen to Europeans and to follow up, within their sphere of competences, on the recommendations made. + +European citizens, from all walks of life and corners of the Union, with young people playing a central role in shaping the future of the European project. + +#### How to propose ideas? + +You can **propose** ideas, **discuss** ideas and **support** ideas on the online platform (in our case: ideas about cryptocurrency and blockchain): [https://futureu.europa.eu/](https://futureu.europa.eu/) + +**If you start a discussion on cryptocurrency or blockchain, post it here:** + +* Digital Transformation Category: [https://futureu.europa.eu/processes/Digital](https://futureu.europa.eu/processes/Digital) +* A Stronger Economy, Social Justice and Jobs Category: [https://futureu.europa.eu/processes/Economy](https://futureu.europa.eu/processes/Economy) + +*You can post ideas yourself or support ideas being posted by other EU citizens.* + +We, as a community, must come together to discuss and push for cryptocurrency and blockchain friendly ideas and regulations. This is a unique opportunity for us all. Since the Conference on the Future of Europe has just started (no one has mentioned cryptocurrency yet) we can set the agenda for the coming months. We would be the first community to get involved. **Our ideas will be heard by the European Parliament, the Council and the European Commission if they gather enough support.** + +I am calling upon the community, developers, mods and crypto projects to get involved and spread the word. +(Update: I mentioned a complete decimation of the US economy as an example absolutely terrible case, not one that I expect to survive or am trying to plan for. Wikipedia's [List of economic crises](https://en.wikipedia.org/wiki/List_of_economic_crises#20th_century) has more likely cases, of which Japan and Sweden are probably most relevant. Also, if it's easier to imagine, consider the first-percentile returns of your own forecasts - whatever that actual return or its causes are. Finally, feel free to replace "US" below with "Canada" or "Germany.") + +People who have fatFIRED and tried to reduce the chances that a failure of your (first-world) home economy or home currency also destroys your portfolio, what did you do and why? + +My portfolio is diverse and can survive any given home-country asset class's valuations going to 0. However, like most US residents, my portfolio is overweight in the US economy and especially the US dollar (relative to the US's share of worldwide investable universe), and almost entirely dependent on the US banking/asset management system. Although I live in the US, I've spent a lot of time in other countries and would have no problem moving if circumstances in the US changed. + +So far, I've mostly diversified at the margins: slightly increasing my allocations to worldwide economies (relative to typical recommendations of 20-35% global allocation), owning un-hedged versions of non-US assets instead of USD-hedged equivalents, and similar approaches. You could think of this as solving what's called [Home country bias](https://www.northerntrust.com/documents/white-papers/asset-management/home-country-bias.pdf) - I've done that. All that does is get one's portfolio performance closer to global-average performance, though, and that's not really my goal. + +For me and I think for anyone who has fatFIRED, this is the more interesting challenge: if my home country economy or currency collapses (and especially if restrictions on withdrawing/moving currency are enacted), how do I ensure that at least, say, 25% of my assets are in and accessible from another country? That is, how do I get economy, currency, and probably banking system diversification? (Let's assume that 25% is sufficient to have a high quality of life somewhere else; obviously everyone's % will vary.) + +For example, I could imagine putting 25% of my portfolio in a well-capitalized non-US bank, then handling most non-US investments out of that account. That seems like a fair amount of work, so I'm looking for other things that people have actually done. Have you done something simpler or better? :) + +Alternatively, people who live in 3 or more countries (as long-term residents, not digital nomads) and thus don't really have a single "home" economy, what does your economic, currency, and banking system/asset manager exposure look like? Maybe you've solved this organically. + +PS: I'm not trying to start a debate about the chances of any given first-world economy and/or currency materially weakening. Maybe you think it's 0.1% or 1% or 5% for your home country. I'm also not trying to "beat" the returns in my home economy. I expect to pay for this benefit in the form of reduced returns, higher fees, higher taxes, and/or exposure to currencies that I eventually need to convert to my current home currency. You could think of this post as "Which approaches provide the most resiliency for the least added effort, undesirable exposure, and cost?" +I'm struggling with figuring out how much I should donate to charity now versus later. I'm still young (31 years) and every dollar donated now could easily grow/compound tenfold or more to when I die. + +Currently I'm donating a really meager amount, just $500 a month, to the GiveDirectly basic income experiment. I gotta say, it feels awesome to continually help approximately 15 people have decent lives instead of living in extreme poverty. I'd like to help way more people, like all of us fatties I've been extremely lucky, and I want to give back. + +Yet I struggle with the issue mentioned above. It almost feels egotistical to help people now, to make myself feel even better about myself, when I could help way more people if I don't help people now. Yet it also feels absurdly wrong to not donate to charity now. + +Help me square my thoughts please, I need some input. +Real quick, lets just clear the air. WSB has ALWAYS been filled with assholes and degenerates. DFV took his beatings the ENTIRE time until it paid off. WSB doesn't play nice, if you post expect to be ridiculed ruthlessly lol. + +That said, his name is DEEPFUCKINGVALUE. He did DEEPFUCKINGVALUE plays, I'm talking warren buffet level 4-D chess lol. + +He didnt chase trends. Or buy something because someone told him so. He was ruthless and logical in his belief that AT THAT TIME, it was a very intelligent decision. He had his CFA. He KNEW what he was getting into. + +Be like DFV. Unless you're a degenerate gambler ready to lose it all. In which case...whats your next play? (Legit asking) + +Edit: Disclaimer i dont own ANY stocks or options right now, waiting for a play. No bias for or against GME. + +Edit2: for specifics on DFV's qualifications and experience. +This is regarding the recent post about the guy who lost some 130k worth of savings from his Metamask waller because some "hacker" took it. This seems to be creating a lot of FUD because it could happen to anyone, right? + +Except there was no 'hack' that got someone into his wallet. He gave away his passphrase on a random site. + +That's like leaving your physical wallet at the bar and then saying a 'pickpocket' got it. + +Not going to give an opinion on whether it actually happened or OP made the story up, but it was worded to make it look like he was the victim of a hack. Which is not the case. + +This is just an obligatory FUD removal post. +This is regarding the recent post about the guy who lost some 130k worth of savings from his Metamask waller because some "hacker" took it. This seems to be creating a lot of FUD because it could happen to anyone, right? + +Except there was no 'hack' that got someone into his wallet. He gave away his passphrase on a random site. + +That's like leaving your physical wallet at the bar and then saying a 'pickpocket' got it. + +Not going to give an opinion on whether it actually happened or OP made the story up, but it was worded to make it look like he was the victim of a hack. Which is not the case. + +This is just an obligatory FUD removal post. +Algotrading is an opinionated place, with good reason. We've all made those huge noob mistakes - cost of the education. + +That being said, have you found that some common conventions are best broken? + +As per etiquette, not going to disclose or ask anyone to disclose, though I've found knowing what rules to break, and when is incredibly useful. +For me it was the “picks and shovels” concept. It’s worked out pretty good for me so far. + +What advice would you pass on to someone looking to get started? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1605195062471954432) .@The_DTCC What if heavily naked shorted companies started to merge with significantly smaller companies just to re-issue shares under new CUSIP number? Does #DTCC agree that all short positions would need to force closed? Could a boilerplate legal document be used and how fast? +We got salary sacrifice introduced to our workplace and question of Higher tax (40%) rate band came up, nobody seemed to be able to give clear answer. And the wording on out letters was quite vague. + +Let's say I earn 50k a year (just to simplify example), and decide to put 10% as salary sacrifice, does this effectively lowers my income to 45k and I can do some overtime without paying Higher tax (40%)? +I’ve decided to make this Ultimate DD as I see there are tonnes of new holders of StrikeX and many new watchers. So allow me to welcome you all and educate you on what TradeStrike is really about and what is in store for all of us in the near future. + +* Market Cap - $167,539,251 +* Holders - 9,927 +* Current PPS - $0.19 + +So without further ado.. + +**What is TradeStrike ?** + +TradeStrike is a London based UK registered company building a brokerage that is looking to be the next main UK trading platform.  + +**When was TradeStrike created ?**  + +TradeStrike was registered as a UK Ltd Company on 05/03/2021 and Strike Coin was launched at 09:00 02/04/2021. + +**Who are the Developers ?** + +**(taken from the** [website](https://www.strikecoin.co/)**)**  + +**Joe Jowett - Co-Founder, CEO**  + +“With an impressive background in Engineering, Joe is serving as the CEO & Lead Developer for both TradeStrikeTM & StrikeCoinTM projects. An avid trading enthusiast, Joe also masterminds a specialist Discord community by the name of TickerToutsTM that boasts a staggering 1300+ active trading members since its inception in January 2021.” + +**Kishan Vadgama** - **Co-Founder, CCO** + +“Kishan brings over 11+ years of industry experience in Design & Branding, with a specialist focus in startup business operations. His career is built on liaising with teams across the board and gathering back-end data for analysis & leveraging it to increase front-line performance. He loves to create things that people love, and love to use.” + +**What is different with this platform compared to other platforms ?**  + +TradeStrike is **for the people, by the people**. With this platform you will be able to: + +* [Trade Stocks, Crypto, NFT’s & Real Estate](https://twitter.com/trade_strike/status/1394013942004043780?s=21) +* Have no cancelled orders due to low liquidity. +* Have no assets being placed on sell only status. +* Have no stocks you want to buy being restricted. +* Have no monster spreads and hidden fees. +* Have the freedom to trade what you want, when you want, with zero restrictions. +* Roam a user friendly app that’s is easy to learn and set up. + +**Catalysts** + +* TradeStrike Lite (DEX) +* TradeStrike DeFi Wallet  +* Top Tier Partnership +* New listings + +**So let’s start with TradeStrike Lite.** + +TradeStrike Lite first announced on June 14th on TradeStrikes [Twitter](https://twitter.com/trade_strike/status/1404385644026159104?s=21) will be launched very soon. There is no launch date as of yet. However we know Certik is auditing it and the release is imminent. + +**What will you be able to do on this DEX ?** + +* You will be able to Swap, Stake, Pool and Farm Strike token.  +* You will also be able to swap other tokens as long as they have LP on Pancake Swap. + +**What features are on this DEX ?** + +* So starting from the top of TradeStrike Lite you will have the Dashboard. This will be the home screen for the app where you will be able to view how many coins you have and how many coins you have earned. You will also have access to the price of StrikeCoin and how much liquidity there is. There is a teaser of this [here](https://twitter.com/trade_strike/status/1421140644379176961?s=21) +* You will then have features such as the previously talked about Swap, Stake, Farm and Pooling.  +* After these you have Rankings. Now this was first shown on the 9th August 2021 on TradeStrike’s [Twitter](https://twitter.com/trade_strike/status/1424701332544446469?s=21). Here you will see the Top Gainers as well as the Top Losers ( all data pulled from Coin Market Cap ) +* After this feature there is a News page, closely followed by Social, FAQ’s and Tokenomics. Now even though we haven’t seen what these features look like (yet) we can imagine what these will contain.  + +With Kishan Vadgama’s wonderful designs the TradeStrike Lite platform will be easy on the eyes and enticing, proof of this can be seen via this preview [here](https://twitter.com/trade_strike/status/1406184239587106816?s=21). + +TradeStrike also offered early access to a select few who had signed up for early access. This is a great step forward for TradeStrike Ltd. + +**TradeStrike DeFi Wallet** + +On August 22nd it was officially announced that TradeStrike has its very own DeFi Wallet in development.  + +As said in the article:  + +“we believe our own fiat-to-crypto-enabled wallet will push us on to the next level in our journey. Working with the development team at the global software company; [Antier Solutions](https://www.antiersolutions.com/)”  + +Antier Solutions Pvt Ltd (Antech) is a cryptocurrency exchange development company that has been delivering highly secure and scalable solutions using blockchain technology from the past 9 years. This is great to hear from TradeStrike as Antier Solutions is a well experienced company. It was founded in 2003 and has 51-200 employees.  + +The DeFi Wallet is set to launch end of Q4 2021. You can read the [full article here](https://tradestrike.medium.com/our-wallet-is-officially-in-development-daf6a777cb28) + +**How are TradeStrike dealing with Futures Trading being suspended in UK ?** + +As we all know by now, Binance has ran into trouble because of their derivative trading as they were using the CM equities licence which is only applicable in the EU.  + +Now Tradestrike have formally addressed this situation on their [Twitter](https://tradestrike.medium.com/regulatory-update-dcb5abb53b4a). + +Joe Jowett has also said “We are using Latham and Watkins' compliance department that specialise in Crypto law to work on all our licencing agreements. It is a long and expensive process but we believe it is necessary for any longevity in this market. We have fully costed our project to launch and have included the licencing and legal fees, this is available in our updated pitchdeck.” + +**Pitch Deck V2** + +The most recent Pitch Deck that was made public has got many more people bullish on this project.  + +There are 30 pages however each and every one is worth the read. They cover: + +* The Problem  +* The Solution  +* The Token +* Benefits of Blockchain +* Tokenisation  +* Market Opportunity  +* Changing Demographics  +* User-First Design +* USPs +* ‘Free’ Platfroms Exposed  +* Competitor Comparison +* Roadmap +* Funding  +* Community  +* Contact & Social + +**Quarterly Review** + +TradeStrike’s first ever [Quarterly Review](https://tradestrike.medium.com/end-of-q2-2021-update-d5eb272e0455)  was released on June 19th and it is very impressive despite TradeStrike only being a few months old, they have blown expectations out the water and continue to do so weekly.  + +**Top Tier Partnership** + +So we don’t know much about this yet. However TradeStrike have been teasing it on their [Twitter](https://twitter.com/trade_strike/status/1427624935288188937?s=21). + +**StrikeX** + +On the 13th October 2021 TradeStrike Ltd. Announced that StrikeCoin ($STRIKE) has now evolved into StrikeX ($STRX) with this [trailer](https://youtu.be/bPOXjNOYQ4k) In this trailer a StrikeX Coin was sent to space. + +On TradeStrike’s official [website](https://www.strikecoin.co/ ) they cover What StrikeX is and why they are relaunching. + +**Certik Audit** + +After being first announced on 14th June on their [Twitter](https://twitter.com/trade_strike/status/1404385644026159104?s=21) the TradeStrike team has been actively working to ensure that the DEX is on point. The most important thing being the security. This is why the audit has taken so long. Certik is a company we can trust to do this audit the right way.  + +On the 4th September 2021, TradeStrike [tweeted](https://twitter.com/trade_strike/status/1434086246972895241?s=21) an update about the audit. Certik have passed on recommendations to the developers that will be rectified fully. + +On the 18th October 2021, TradeStrike publicly announced that the new token StrikeX was audited by Certik and this is where you can view [it](https://cdn.discordapp.com/attachments/829980085770911774/899556831599423528/StrikeX_audit_final_deployment.pdf) + +*AMA’s** + +AMA 1 was released on 7 May 2021 on [YouTube](https://youtu.be/G8if7u8FKVE) + +AMA 2 was released on the 22nd August 2021 and can be watched on [YouTube](https://youtu.be/vyP041LiAJA) + +AMA 3 was released on 13th October 2021 on [YouTube](https://youtu.be/1b7U65cA8xw) + +**CoinMarketCap Listing** + +TradeStrike’s new native token StrikeX was listed on [CoinMarketCap](https://coinmarketcap.com/currencies/strikecoin/) and has been subject to an exponential rise. It rose to the #1 top gainer on their leaderboard. + +**There are more listings to come** + +**Conclusion** + +I have been bullish on this project since April of 2021. This is evident through my twitter and my reddit. I absolutely love and trust this project. + +TradeStrike still has a long way to go and it won’t be a straight road. However throughout all the unexpected turns the team has faced, they have dealt with them all excellently and have gained a lot of credibility for doing so. + +In my honest opinion this is the start of a history making project, and we are still insanely early. + +I hope this was knowledgeable to you all and now have a better understanding of TradeStrike. + +Here’s to Health, Wealth and Property 🍻⚡️ + +**Where can I contact them ?**  + +* You can contact them via their [website](https://www.strikecoin.co/). +* You can contact them via Twitter:  +* [TradeStrike](https://twitter.com/trade_strike?s=21) +* [Joe Jowett](https://twitter.com/forgone_13?s=21) +* [Kishan Vadgama](https://twitter.com/aiyokish?s=21) + +**What is the StrikeX address ?** + +0xd6fdde76b8c1c45b33790cc8751d5b88984c44ec + +**How do I buy ?** + +[Trust Wallet](https://youtu.be/OX9C6-t7e-Q) +I had two fillings replaced about a month ago. This was my first time at this office and the staff and dentist were great, no complaints there. I did have to pre-pay the estimate of my balance which I had never had to do before, but the math made sense (they charged $220/filling, my insurance covers 50%, so I paid $220 that day on my credit card). A few days ago I got a bill for another $300. Confused (and never in my life having to pay $500+ for two fillings when I have insurance) I called the office and asked for an explanation. They acknowledge that there was something wrong with the billing and what the insurance paid out, and they would get back to me. They looked into it and it turns out that the office actually owes ME $80 and will be cutting me a check. + +Point of the story is if I didn't question the bill, I'd be out hundreds of dollars. It never hurts to ask when something seems off! +The principal of sound money is *THE* most important element missing in our modern society + a founding principal of bitcoin, and those that profit from the theft of printing easy money for the use of a few will continue their smear campaign against bitcoin on social media. + +Ask yourself what is more important than sound money? The list shouldn't be more than 3 things long. + +**Edit: and like clockwork there is a bitcoin energy FUD post on r/all** rn +There are some new technologies which I feel are going to grow very rapidly over the next 10 years. Unfortunately it seems all the companies currently involved are smaller startups which are private and I'm very far from being something like an accredited investor. Most of these companies have gotten their funding from VC firms which are also private so I can't invest in those either. + +Is there anything I can do or is this just not something a small-time investor should even be thinking about? +I'm in a very high cost of living area. + +Have a decent job and a nice salary. + +But for the prices some reasonable starter condos are selling for I think it may be beneficial for me to spend a few weekends taking the real estate licensing exam to avoid realtor fees on at least 1 side to buy said condo. + +Really curious if anyone has any expertise in the area or has done a time cost break even analysis. +EDIT: Had to delete guys sorry! It was blowing up and if hundreds of people call Sky tomorrow to do this they’ll know what everybody is trying to do :( + +Maybe it can be this subreddits best kept secret? +**Critiques of Bitcoin in this subreddit are often met with a flurry of highly-upvoted "rebuttals" that are often more logically flawed or incomplete than the critiques themselves.** + +I'm a huge fan of crypto-currencies, but I am also a chronic skeptic. The fervor and emotional nature of the community when Bitcoin prices are high really hinders rational discussion and does a disservice to the currency. + +**High prices do not give Bitcoin any more or less viability.** Humility is a virtue, and in my opinion there are some tough questions that we need to ask ourselves and thoroughly address: + +* What is the benefit to the consumer to adopt Bitcoin if businesses do not offer discounts for use (which it seems many do not)? +* Will merchant or customer adoption grow fast enough to justify the price of Bitcoin? +* Is there a legitimate threat from competing currencies, or future institutionally-backed crypto-currencies? +* Is the lack of any "real value" a threat to Bitcoin. DON'T just dismiss this question that many people are asking by saying that "value is subjective, blah blah." That may be correct, but it doesn't answer the question. People will always accept gold more or less because it is engrained in our psychology. People will accept dollars because they have to pay taxes with them. Why will people always accept Bitcoin? It will only be if you know other people will accept them, but WHAT will lock this into place and what may prevent this from happening? + +**What other difficult questions do people feel have not been adequately addressed?** Let's embrace criticism, address it rationally, and be brutally honest with ourselves. + +EDIT: I'm seeing some great responses and a good discussion. THIS is what I was hoping for. Let's see if we can keep this going. **ASK SOME HARD QUESTIONS.** + +EDIT 2: I regret using the word **"debate"** in the title. **I should have said "discussion."** + +EDIT 3: Thanks a lot for the Gold, whoever that was :) + +EDIT 4: **To the people who say that most of the questions were answered in the early days and that this is a rehash of the same thing:** Many of these questions can't be "answered". You can only make predictions based on what you know. Since the early days, what we know has changed as Bitcoin has seen media attention and continued maturing as a technology. Therefore, revisiting the core questions and asking new ones is a valuable exercise in my opinion. +This is one of the first things I learned about investing in the stock market and it gets reiterated often around here. Some of the brightest minds in finance seem to disagree with that statement since the basis of their trading algos is past performance. + +I'm asking this as a legitimate question, not a troll. +As the title says, should I purchase a vacant lot directly next to the plot with the house I’m currently in contract for ***after*** we close? It would double my actual land value because the plots are identical in size and shape. My future home is appraised at roughly $8,000 for the land only and the second plot is valued between $4,000 and $5,000 based on comparable’s list price and sales history. The neighborhood is stable , balanced demand/inventory, and average list to close is 60 days. It’s a typical urban neighborhood built in the 60’s and 70’s. I’m not sure what the ROI would be but it has access to public utilities. I’m interested in if it would be a good investment. I can petition for adjacent parcels to be consolidated. I probably won’t in case something ever happens to the house, but it’s an option. I’d like the larger yard but only if it’s financially advantageous. + +Edit: Thank you everyone for your perspectives on my dilemma. I’m going to offer asking. Thinking ahead I definitely do not want neighbors that close. Midwesterners can be nosey asf, lol. I’m not concerned about school districts because I have no children and I’m 3 miles from an emergency room and 1 mile from a grocer with a pharmacy. The city has museums and galleries. If those are boring for a weekend night it’s only a hop, skip, and a jump to the next big city. + +Edit 2 / Update: I made the offer the following day contingent on the house closing. We closed yesterday and instead of getting a refund for the overpayments I made on some stuff I only needed to wire the difference between what I already paid for the house while the realtor and closer were still there. The title agency’s closer could verify I made the payment by watching me actually do the transfer and then notarized my wire receipt. That was enough for the agency’s attorney to approve disbursement of funds. + +As I understand it the land deeds for all four parcels were recorded in such a way that the full parcel with the house and two partials are now considered one parcel and the additional parcel as a separate piece of contiguous land so I can split it later if I want. I realize I basically paid the original asking price on the house with some funds being out of pocket and not part of financing, but I don’t mind because I still got a bargain. +I'd say it's about time we saw Binance Coin drop down a notch! Considering the amount of work put into building the foundations of a 'future proof' cryptocurrency, the Cardano project is finally starting to take off, and now we see it taking its rightful place on the rankings. + +https://preview.redd.it/no9ryaniauj61.png?width=736&format=png&auto=webp&s=000fab0f0f01baadc00d6ed600f4cb3ea1b94345 +# [Live AMA with Dr.Robert Shapiro and Lucy Komisar.](https://www.youtube.com/watch?v=CXTb31od-VA) + +4:30pm EDT +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +Please behave yourselves! u/Captain-fan and I are watching 👀 +I read posts and comments that always seem to end up being binary. Some talk about the hardships of having a high savings rate, others the joys of having a high savings rate. Some talk about the guilt of having a low savings rate, others the relief of lowering your savings rate. I think that we can fall prey into identifying ourselves as this type of person or that type of person. + +I think using a more neutral analogy is helpful, enter the boat builder. We're all building our boats in this sub. Once your boat can support yourself, you're FI. In the meantime, the only way to stay afloat is to tread water or rent someone else's boat. + +* Some of us have to work in tough conditions. If you're building your boat underwater, well, good luck. Best to deal with one problem at a time. Others may start with all the materials lying right at their feet. +* Some people are more skilled at building boats or have had their parents teach them how. Others have to learn everything on their own. +* Some enjoy the process so don't mind building a bit longer. Others like to build the smallest boat possible and take off. +* Some discover partners to help them build. Others prefer to make their boat first, then see what's out there. +* Some envision a great big yacht that will take them around the world. Others envision the freedom of no longer needing to build. +* Some plan on making improvements to their boat after they've set off on their maiden voyage. Others don't have a choice and are pushed out to sea with what they've got. + +As we all build our boats, we have some good days and some not so good days. We can exert more effort, take a class on boat building, get lucky and inherit a partially built boat, or lose it all to a fire and have to start over again. Through it all, we still continue our work. Fortunately for us, we all discovered that a boat is what we need or want. Others are building sandcastles. + +Edit: Thanks for the gold, stranger. And thanks for all the nice comments, this is why I keep coming back to this sub! +I have a tenant moving in during June and they were upfront about not staying more than a few years due to looking to buy their own place. Would you offer to sell to them at the end of their lease if you were planning on selling anyways? +My goal is to FIRE as fast as possible. I’m married, 32 years old, one young child and probably will have one more. My wife doesn’t work and stays home with our child. I make $140k at my full time job where work in medicine (nurse practitioner) and have a per diem gig on the side that I make $115/hr at when I pick up on a weekend or $160/hr when I work a holiday (I work almost all of them). At my per diem rate, is my time better spent doing that rather than buying rental properties and managing them? I’m maxxing out my 401k and getting employer match, maxxing out mt HSA and plan to drop 12k between my Roth and a spousal Roth soon. I have about $40k outside of my emergency fund ready to use on an investment (unless I put 12k of it into Roths). What’s the best next step? Should I cut back on investments and use to save more to get into real estate? Or keep picking up shifts at $115 or $160 per hour? Start a telemedicine business? Just invest more in stocks? +This is an interesting story of an African American woman that was struggling to get a good appraisal on her house and finally had a Caucasian friend stand in for her. https://www.cincinnati.com/story/money/2021/05/13/indianapolis-black-homeowner-home-appraisal-discrimination/5071223001/ +Hi All, I have gone down a rabbit hole these last few days (gotta love the power of ADHD hyperfixation) and I think I have some decent info worth sharing around the account numbers. I've written a few posts to get this 100% right because the best way to get the right answer is to put the wrong one on the internet, so thanks apes for your input. Here goes... + +*This isn't financial advice, just a numerical thought experiment by a humble ape.* + +**TL;DR - Now more than ever we have to track Computer Share high scores, if we get complacent we might have to wait 200+ days until we lock the float.** + +# MOD11 and the extra digit + +This theory is 99% confirmed. For those not in the know, the account numbers contain an extraneous digit called a "check digit". This means that when your account numbers jump from 470,000 to 480,000 we have had an increase of 1,000 accounts, not 10,000 accounts. + +MOD11 has been proven by a number of posts. In particular [this one](https://www.reddit.com/r/Superstonk/comments/q39afs/i_tried_to_obtain_consecutive_computershare/hfqwh2b/?context=3) where [u/NerdCage](https://www.reddit.com/user/NerdCage/) attempts to initiate two transfers simultaneously. When he did this they were registered 6 seconds apart and the two accounts numbers were 6 digits appart. This lines up with a sample of 20 MOD11 numbers [here](https://www.reddit.com/r/Superstonk/comments/q35t27/reforecasted_date_for_securing_the_cs_float_mod11/), with the gaps between account numbers being "roughly 10" and approaching that average as they increment. The only other explanation for this is that they are doing 1 account per second which means about 28800 accounts per day. + + +Part of the MOD11 theory is that if an account number doesn't satisfy the MOD11 requirements and produces an X then it breaks the theory. I think to date from what I have read those accounts that generate an X work with a manual calculation. Its also worth considering that the non MOD11 might just have a different letter at the end to tell the system to use MOD10 or some other Luhn algorithm. + +There are other schools of thought around MOD11 and attempts to debunk it, including my post [here](https://www.reddit.com/r/Superstonk/comments/q2xjmq/a_note_about_ascending_account_numbers_at_cs/hfrui87/?context=3). There is another DD [here](https://www.reddit.com/r/Superstonk/comments/q32d8j/computeshare_account_numbers_databases_and_set/hfq31me/?context=3) about reusing dead account numbers. I think this is also possible, but unlikely because I know with bank account numbers that cant be reallocated for 5 years after deactiviation. In anycase, lets proceed with the DD and assume that MOD11 is correct. + +# CS Account High Scores + +In a previous post, I sampled the rate of account increases over 13 days and averaged them. I copped a lot of shit for this in the comments so instead I'm going to get a bit more fancy and try to do optimistic and pessemistic modelling. + +[/](https://www.reddit.com/user/stopfuckingwithme)u/stopfuckingwithme has done a great job keeping track of high scores. Our biggest high score jump to date was 437,XXX (04 Oct) to 460,XXX (05 Oct) applying MOD11 to that we get 2300 accounts in 1 day. + +Following that we got 460,XXX on October 6th to 480,XXX October 7th. Applying MOD11 this is an increase of approximately 2,000 accounts. So: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|Accounts Per Day|2,300|2,000| + +Averaging 2 weeks worth of high score data we get an average under 2000. There are a few reasons why the account numbers per day might be low: + +&#x200B; + +1. Brokers are fucking around and delaying transfers +2. CS is at some kind of limit for new accounts (maybe a manual process requiring staff) +3. Serious Bystander effect + +&#x200B; + +# Average Shares Per Account + +There have been a lot of goes at trying to work this out. But /u/killacelebrity did an amazing job [here](https://www.reddit.com/r/Superstonk/comments/q3b103/analyzing_yesterdays_computershare_posts_day_3/hfqj7q6/) manually calculating the number of shares of a sample of 340 computer share posts over 3 days. Please note applying his sampling is about n=110 per day - roughly 5% of our average accounts per day. + +Based on [u/killacelebrity](https://www.reddit.com/user/killacelebrity/) post we have a median of 25 shares per account, and an average of 111 share per account. An average removing outliers yielded 95.49 shares per account. So lets use these averages as an optimistic and pessemistic predictors. + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|Shares per account|111|95.49| + +# Prediction of time until float lockup + +The below is 4 different scenarios based on combinations of optimisitic or pesimistic figures + +||Opt^(s) x Opt^(a)|Opt^(s) x Pes^(a)|Pes^(s) x Pes^(a)|Pes^(s) x Opt^(a)| +|:-|:-|:-|:-|:-| +|Shares registered per day|255,300|222,000|190,908|219,627| + +Based on these four scenarios we can model the time until float lockup based on current tragectory. The most significant increase in shares based on /u/stopfuckingwithme was around September 20 so I will calculating our starting point for each scenario by retrospectively looking back. Thanks to /u/Mattonreddit for showing me[this post](https://www.reddit.com/r/Superstonk/comments/q32oe9/cs_told_us_exactly_how_many_drs_holders_there/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which indicates that in March 17 we had 1,683 DRS'd accounts. Now, other people besides apes use computer share /u/bennysphere said that [/u/PilgrimBradford1620](https://www.reddit.com/u/PilgrimBradford1620/) reported 35,XXX on 19 March 2021 (2 days later). That means we have 1,683 accounts plus 7 months of accounts to reach our current account high score of around 48,300 so its safe to assume apes have registered about 1,683 + (48,300 - 3,500) so far. + +# Accounts created so far: ~46,483 + +So using our 4 rates to model the current registered share count we get the following: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|**Shares Registered to Date**|5,159,613|4,438,661| + +Ok, so we almost have our starting point today. Please note that this assumes no one other than apes registered CS accounts in 7 months which is likely wrong. Although because the account numbers were so low in March and they went up a factor if 10 I don't think it skews these numbers too much. + +So our shares left remaining if we assume a public float of 62.9M: + +&#x200B; + +||Optimistic|Pessemistic| +|:-|:-|:-| +|**Shares remain to lock float**|56,840,387|57,561,339| + +&#x200B; + +So that math to work out how many days until float is locked is: Share Remaining / Shares Registerd Per Day. I have worked this into the table for our 4 scenarios: + +&#x200B; + +||Opt^(s) x Opt^(a)|Opt^(s) x Pes^(a)|Pes^(s) x Pes^(a)|Pes^(s) x Opt^(a)| +|:-|:-|:-|:-|:-| +|Time until lockup (pessemistic starting point)|225 days|259 days|301 days|262 days| +|Time until lockup (optimistic starting point)|222 days|256 days|297 days|258 days| + +If you space that out over business days your get "a fucking long time" which upset a lot of apes and I copped a lot of flack in the comments. So if your feeling shit reading those numbers please read on. + +# Other Factors + +This is the best calculation we can do with the data available. I've used 111 as the average here but someone literally registered 6000 shares yesterday - trippling the daily average. A few Whales reached out to me indicating they are still feeling out the situation and working out the best strategy to bring things across. Likely we will see some big whale purple donuts in the coming days pumping this number up. + +We might see the daily account rate Skyrocket! This is what I am hoping for and why /u/stopfuckingwithme's work is so crucial. If we see a jump from 480,XXX to 600,XXX then lockup becomes a lot closer. + +Already Locked up whales like RC, DFV might also have registered. This means our starting point jumps up from 5M to 5M + 8,190,000 + 200,000 to about 13,000,000. In the optimistic case here we only have to lock around 48 million giving us 188 days. + +This could all be brokers delaying things and we could see those requests with 2-3 week wait times go through and see the rate go from 2,200 accounts a day to 20,000 per day. Which effectively means we are only a month out from locking the float. + +# Key Takeaways + +My main point here is that even with MOD11 we can calculate our new account rate and this is a crucial indicator of speed. Now more than ever high score monitoring is important and we cant get complacent, we need to harass and push our brokers to get this daily rate up higher or we risk having to wait 200+ days for a full float lock. + +Edit: stop fucking with me has added [a new high score](https://www.reddit.com/r/Superstonk/comments/q3pdfq/computershare_new_high_score_winner_1007/?utm_medium=android_app&utm_source=share) which is consistent with our average of 2,000 accounts per day confirming the rate bottleneck +Errrm... someone just anonymously awarded a post of mine from last week (8 days ago) with the all seeing eye award. It was a poem titled.. 'Twas the night before christmoass'.. + +It got 65 upvotes. + +https://www.reddit.com/r/Superstonk/comments/rg4cxv/twas_the_night_before_christmoass/ + +Happy to provide proof of the award... + +Why now guys? Probably someone searched Christmoass and it came up? Or does someone know this is the night before christmoass? + + + +EDIT: guys you are blowing up my phone with awards for my poem! thank you so much!! Its a christmoass miracle.. clearly not my intention with this post, but if this post is all nonsense and someone has just set the proverbial cat among the pigeons then i hope you all just enjoy the poem lol +Why? Because the stock market is not decentralized. + +Sure, I switched from robinhood to etrade, but GUESS WHAT...even e-trade blocked trading. + +The curruption isn't the company, it's the system. + +So I gained $900 and bought cryptotendies with the total investment. +In a prior post, a commenter had a pretty scathing critique of some of the stocks I mentioned. They said: + +>This is just a thinly veiled attempt to get people to be bullish on some of these terrible stocks. IDEX, MVIS, and NAKD are just scams from the pennystock world. Thetagang isn't about falling in love with stocks, especially ones that are infested with scumbags trying to trap innocent people. + +Well, ouch. + +I've been struggling in recent weeks with the fact that I post this in thetagang, because as this person rightly points out, thetagang as a common strategy is about selling calls and puts on fairly long dated conservative positions where you watch the theta burn quicker than the underlying can move. To really be thetagang, you're not playing price movement, you're playing the time game. Needless to say, my strategy doesn't totally align, as I've discussed in prior posts, pure thetagang is just too slow, like walking into a stuffy gathering and I'm here to party. Maybe I do need to take this post somewhere more appropriate, if anyone has suggestions, open to it. + +To the other points made, well, I don't agree. I'm in love with money, not a given stock, and follow closely stocks where I believe I can make more. I research companies to help me gain the confidence to trade, I share it because it makes me think more. In any event, I'll talk more about the stocks mentioned, and why I like them, and in some cases, where I too have my own cautious skepticism. + +Dark charts today to protect another commenters eyes. + +# MVIS + +It's surprising I made it this far without talking about the absolute roller coaster MVIS has been this week! Last week, I was sitting there considering selling a call at $25. Was glad I didn't as the week started, less so as it went on. When MVIS dropped press about the completion of their LIDAR, I was both happy (it's great news long term), and worried (because it looked like a clear sell the news scenario). I should have exited then, possibly covered the position to protect downside. I just held, which was a mistake. + +Listening to their earnings call on Thursday, I was a bit frustrated. It just seemed tone deaf and unnecessarily guarded to me. When they read out their production ramping plans for LIDAR, I sold my shares. I got out with a little over $1000 in profit. It tanked further in post-market, rebounded softly throughout Friday. + +All of that said, MVIS is not penny stock garbage, a scam, nor a terrible investment. MVIS is just a slightly desperate seeming tech incubation company that happens to have a lot going for it: + +* Fantastic tech in the AR space, powering the MSFT Hololens +* Class leading LIDAR that's disruptive and affordable +* They are clearly seeking partnerships and / or sales +* They've taken strides to stabilize the staff for any buyer, new contract for the CEO, retention aspects announced on the earnings call for other employees. +* Their valuation is still low given addressable market. + +There's a lot going for MVIS. I still really like the stock, mainly because I believe that the next three months will see the announcement of a critical commercial partnership, a divestiture of half the business, or a buyout. Any of those things will see significant gains well worth the time. Of course, I sold out for around a 20% gain, but may very well get back in. The stock closed around a key trendline, I expect it to retest it's April lows for support around $10, and I'd be a buyer at that level. There's a chance it resets the trend as support and tests the $18 level, not as interested there, I've got time on my side, patience. + +[MVIS: finished above the trend, not sure I believe it's going to hold, $10 is my ideal entry, CSP with BEP lower than that.](https://preview.redd.it/v4u0twkpphw61.png?width=2861&format=png&auto=webp&s=e3099b5700565ab43e0be494e7c5834d9d3a91a8) + +# IDEX + +IDEX started as a streaming video play in China. They dabbled in crypto, and moved to EV business in 2019 with a split focus on financial services. All along the way, they've consistently made money from investors, jumping into hot markets, various press releases, stock dilution, and using the raised capital to fund further investments. + +Not a great story, and I understand any skepticism thrown at this ticker. I look at it and see realities where investors could be frustrated with a company that for a long time bounced around like a ping pong ball and consistently failed to gain traction and pivoted. On the other hand, I recognize that in the here and now, regardless of the path taken, this company has raised a lot of money, they've made various strong acquisitions, and are seemingly in a great place to capitalize moving forward, holding over $330 million in cash on hand, valued around $1.3 billion. + +Timios Holdings should soon be generating over $100m in revenue yearly, giving the companies stable cash flow. Their MEG division for EV generated around $20m in revenue, up 600%, and while admittedly off a small base, it should see continued strong growth, and the recent orders for motobikes in Malaysia, which totals possible orders of over $200m highlights the potential there. I haven't even mentioned WAVE Technologies, which may be among their most exciting and undervaluated ventures. As they continue to span into EV, they're unlocking synergies and making investments that solidify and glue things together (a battery maker to pair with their bikes, etc.) + +My big worry here is dilution. They've got agreements to sell another $300m in shares as I understand it. In their history, they've made a ton of acquisitions, they swing and miss on some, raise capital and swing again. From my POV, they're beginning to connect more and more, with more and more capital at their disposal to keep swinging. I look at them and see a ton of risk, but also a ton of upside. This could fall below $2 in a heartbeat, and could rise above $5 just as quickly. Either way, I like money, solid IV, I'm up $1,922 on IDEX even with the shares I own being down $1880. I've gone uncovered because I think IDEX is going to run, and I'd like to sell out towards the top if they do. Dangerous games to be sure. + +&#x200B; + +[IDEX: The long term channel held again, interested to see how high it bounces, needs to test and break the 3.4 level first](https://preview.redd.it/6qkbrso5rhw61.png?width=2859&format=png&auto=webp&s=a0f2a6222b67739cf26553285cf69df1347609d0) + +# NAKD + +I think poor NAKD gets people hot and bothered because it's a penny stock, and in some way that makes it less than thou. Where did Leo get his start in Wolf of Wall St? That's right! Penny stocks. What's that? This analogy doesn't make any sense and is actually articulating the counter point ... + +NAKD is actually a pretty damn healthy company. Granted, they were headed for bankruptcy before some market goofiness gave them an opportunity to dilute, raise cash, and reshape themselves. But I wasn't a shareholder then, and I just want to make money. Even after the run this week, they're barely valued more than their cash on hand, and there's obviously going to be press around a strategic acquisition that can pop this higher. I'm not in love with NAKD, but I think I can make a grand here. + +[NAKD: Looks to have found bottom and turned, may need to retest lows to get past $0.75](https://preview.redd.it/xtrf79airhw61.png?width=2859&format=png&auto=webp&s=fd316722f6503364bd9a131ae0aba3ac42403610) + +# MSFT + +Earnings week! I had my $247.5 CC expiring yesterday, held it all the way into Friday. I'm up $1,869 since I started wheeling MSFT in late Jan on a $227.5p. That one didn't get assigned, but I went back to the well with a 2/5 $245p, got assigned, and have been wheeling ever since. + +[Nearly round trip on the wheel for MSFT](https://preview.redd.it/y7xzcauxrhw61.png?width=1562&format=png&auto=webp&s=f8ac72522553749e9c0045d93b7d676d3b7b8e12) + +The 4/30 $247.5 CC I sold was previously rolled from the $242.5 position (which carried a -$163.19 cost due to closing that). I closed the 4/30 position, carrying an additional -$204.19 cost to close that. That means to break even on any subsequent CC I'd sell, I need at least $367.38 of premium. I opted to sell out with a 5/14 $250 CC for $527 in premium. To recap, I moved out two weeks, and up $2.5. Moving up $2.50 gives me a potential $250 additional profit on the underlying, and a higher probability the option finishes OTM. We'll see what MSFT does, will reevaluate as I go forward what makes the most sense. + +[My MSFT $250 on 5\/14 is nearly 50\/50, I've waffled on if I want to let the shares go or keep rolling, but couldn't pass up this roll.](https://preview.redd.it/lx520xejshw61.png?width=1562&format=png&auto=webp&s=bba266c670204d4df48b0d22682acff987d4b8bb) + +# Other Notes + +A few other musings, as mentioned last week, I still haven't opened much in the way of new positions. + +[On Sunday I got interested in FLWS, but didn't pull the trigger. Oops, bounced 33&#37; this week of a long term trend support.](https://preview.redd.it/noylbne5thw61.png?width=2859&format=png&auto=webp&s=e4484df3267cdd371f90c5a23052f6908371f472) + +[I've followed TDOC for a while but never played it. It's at a key support level, they missed Q1 earnings expectations, but still seem pretty healthily undervalued. I wouldn't enter yet, you'd want to see it bounce off support. Even still, I just worry about their business model, I'm not here for the really long term, and they've got a lot of tough compares ahead from growth that was really pulled forward.](https://preview.redd.it/83oyi0nkthw61.png?width=2859&format=png&auto=webp&s=330af138c892ab93ceee2362c3478b5c3c40b2c1) + +[SHOP is an interesting stock. Extreme growth \(110&#37;\) on nearly 1 billion in revenue, solid cash \($3b\), debt available if they want it, and a 147b market cap. If I wanted to play here, on a cash account, I'd have to grow my cash position significantly. For giggles, I'm at $52,857, could get $25,000 back from MSFT, another $13,000 from AAPL, that only gets me to $90,857, around $30,000 short. Cutting DKNG could get me another $12,000, U another $10,000, and then I STILL need another $6-8k. NAKD and maybe downsizing CRSR or IDEX would get me the rest of the way. What do I get for the mass liquidation? Well, assuming you thought i'd bounce from where it sits, could get \~$4700 for an ATM 5\/21 date. I really find the stock interesting, but obviously I don't have the balance to wheel it on a cash account. Could LEAP I suppose.](https://preview.redd.it/1dlll0iluhw61.png?width=2857&format=png&auto=webp&s=44fcd3ce18c20d820204d7a4cb4b8d8939a59b16) + +[Looking at VRSN \(weekly chart\), mainly because they're at a key resistance level, looks oversold, and due for a correction. A 5\/21 $210p may print here. I'd rather the put than selling a call, if this somehow runs through resistance \(doubtful\), it could run hard.](https://preview.redd.it/9qkjx8n8vhw61.png?width=2857&format=png&auto=webp&s=08015779a0ebd78e67a5f7c01b98842cb0ae6d6d) + +[Is next week when I finally get off the damn sidelines and open a CSP on AMD? Maybe, but would feel a lot better with a BEP about $5 lower than I can find right now.](https://preview.redd.it/y7y93h7rvhw61.png?width=2857&format=png&auto=webp&s=bdf8736f58e37b318514a889613b199f2fc9e9df) + +* Eat dirt RMO! (Didn't even want to look at it's chart) + +[I mentioned last week how F could pop or dump, it dumped, could be a good rebound play this week.](https://preview.redd.it/lbtxyraxvhw61.png?width=2857&format=png&auto=webp&s=a94192a9fe7b37980db1f2ac6ca6e1bdb905d011) + +[Also noted XOM and how it's chart says it could run 10 points, it ran 4, gave back 2, might be more here.](https://preview.redd.it/0vc4ulbcwhw61.png?width=2850&format=png&auto=webp&s=e339a3058a57ee8f87a56333fdda45033959a248) + +# Positions + +https://preview.redd.it/syl10friwhw61.png?width=1573&format=png&auto=webp&s=63dacfe7adeb4aee79c814e86afeddec07aabebd + +https://preview.redd.it/yn5ui8amwhw61.png?width=1573&format=png&auto=webp&s=3cd78b7ef16a6c7aa607a088c71aadd38ffc76ed + +https://preview.redd.it/ertlpe1pwhw61.png?width=1573&format=png&auto=webp&s=62cacf95f811ef2ff6fcc3b50dfcd9d1cb1a6505 + +# Goals + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $163,906. + +I enjoy the conversation, I like to learn from you as well, hope to see you in the comments. + +[4/25](https://www.reddit.com/r/thetagang/comments/mxhhk3/playing_for_profit_week_of_425_holding_on_mvis/) | [4/18](https://www.reddit.com/r/thetagang/comments/msorc7/playing_for_profit_week_of_418_assignment_on_u/) | [4/11](https://www.reddit.com/r/thetagang/comments/mo38py/playing_for_profit_week_of_44_is_mvis_fools_gold/) | [4/4](https://www.reddit.com/r/thetagang/comments/mj7490/playing_for_profit_week_of_44_idex_undervalued/) | [3/28](https://www.reddit.com/r/thetagang/comments/mecmjm/playing_for_profit_week_of_328_a_calm_exterior/) | [3/21](https://www.reddit.com/r/thetagang/comments/m95ht9/playing_for_profit_week_of_321_a_reset_week/) | [3/14](https://www.reddit.com/r/thetagang/comments/m452g9/playing_for_profit_week_of_314_10_gain_last_week/) | [3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +Hi Guys and Gals, I looked at of charts some large liquid stocks. These stocks had Big moves this past month- so what is the trade now? PTON BABA MRNA LCID RBLX NVDA + +What caught my attention? A rising tide did not lift all boats. Here is what I noted. Please share your thoughts and let's discuss ideas! + +PTON down 50% in 1 month, BABA down 21%, MRNA down 20%. + +In contrast : + +LCID up 126% in 1 month, RBLX up 62%, NVDA up 45%. + +In my humble opinion BABA and RBLX are the most interesting. + +&#x200B; + +[BABA 6 months ](https://preview.redd.it/ucwuknifd0181.png?width=620&format=png&auto=webp&s=c9016972ae947b8633fa284d4b1fad74de2552b0) + +&#x200B; + +[BABA 1 month ](https://preview.redd.it/zzirvihjd0181.png?width=620&format=png&auto=webp&s=cd33da1ff0e1ded49d87aa9db9c147e490f6149d) + +&#x200B; + +[RBLX 6 months ](https://preview.redd.it/h60t79xj11181.png?width=620&format=png&auto=webp&s=411f26a07e20523dd30237735b0d1d28af8670c1) + +&#x200B; + +[RBLX 1 month ](https://preview.redd.it/jmrvnihp11181.png?width=620&format=png&auto=webp&s=64a25b5f7d7bd5ded7d7cfb6e9ab4add167e06ad) + +&#x200B; + +Please share your thoughts and let's discuss ideas! + +Good Trading everyone!! + +&#x200B; +Is there a one stop shop for this selling options stuff? + +From my understanding if I'm sitting on cash couldn't I just sell a put for 5-10% OTM weekly until it fulfills, then go on selling covered calls for 5-10% OTM(making sure the strike is over my put purchase price) and basically just print small sums of money forever? + +Or am I fucking retarded and completely not understanding this. +Hey are there any cheap and reliable stocks under $300-$200 that you can practice the wheel strategy on? I don’t even care if the premium you get is only a $1 I just want to practice the strategy on something. + +Edited: I just want to say thank you to everybody for your comments I am greatly appreciated for your help🙏 +I’ve been selling low delta SPX PCS’s with two days until expiration for the past few weeks pulling in a modest but consistent income. However during the Santa rally I’ve noticed some serious flaws in this strategy. For example today SPX is at a 52 week high and in my opinion is bound for a pullback soon. The problem being if I were to sell a PCS today at a conservative .05 delta and SPX decides the Santa rally is over and pulls back I would get risk getting blown out all to easily, classic penny in front of a steam roller play. + +I’m looking for some alternative strategies for situations like this when I can’t employ my main strategy. Now the first thing that came to mind was to switch to CCS’s and proceed as usual, but that seems foolish to try in a bull market with SPX reaching a 52 week high and all. If anyone wants to offer me some advice it would be greatly appreciated. +I had sold 200 contracts of GME 01/22 $1 puts. +Max loss is supposed to be 20k. Because of option prices being out of whack after hours, the brokerage shows each contract to be worth 20$ putting this trade at a loss of -$400k. All the margin balances look messed up (reg-T account) + +My account balance was around $380k before this and now I’m at -20k. I’ve been on hold with fidelity for the past hour. I’m freaking out that they force liquidate these options during pre-market tomorrow at ridiculous prices + + +What do I do? + +EDIT: images with more information + +https://ibb.co/89CHv6s + +https://ibb.co/0r86HMs + + +EDIT2: just got off the phone with fidelity. They chalked this down to a “reporting error” based on after hour prices. They said something about pricing between 12 and 1pm causing this issue. They fixed the reporting on my account so it’s showing a positive account balance and my gme position doesn’t show a huge loss. They also assured me that no positions will be closed. Thank you everyone for your replies, kept me sane. +We've been searching for a home for a year. A lot was browsing before formal loan approval to get a feel of an area. + +Last year from August to December, inspections had anywhere from 40-50 people a home (not joking). You'd need to line up to view it. +Over the weekend we went, and it's changed a lot. It was just myself at a few inspections. And other ones had no more than five people viewing. I know this isn't a metric to gauge, but it felt like things were slowing down. + +Do you think the floods and war have affected buyers' confidence? Petrol is growing to $2/litre, and inflation seems to play on people's minds. + +Any real estate agents want to give their 2 cents +**TL;DR - Remember that in a crisis, a SHF’s goal is to buy them one more day to survive. Their return to Twitter may not be a mental breakdown, but a distraction. It’s causing forum sliding to make us lose sight of a MOASS trigger: Computershare. They want us to stop DRS transfers no matter the cost. They may even let their reputation be ruined, as that was going to be inevitable anyway. This is not financial advice, it is tinfoil hat time.** + +&#x200B; + +https://preview.redd.it/at2q44bx5vq71.png?width=749&format=png&auto=webp&s=1773a1fb0d7b39e95a8942e4f479cb75fe010145 + +**Section 1: Computershare is the Way** + +Can you believe the results of the war they’ve waged against retail? They’ve lost almost every single battle after the January mini-squeeze. They couldn’t make us sell. They couldn’t stop us from buying and holding. They couldn’t distract us into selling for another play. They failed to stop us from learning all the deep market secrets, of how they’ve been doing all their crimes and tricks and the things that make it possible. They spent months of dragging the stock through endless, persistent red days. All this time, it’s only been getting worse for them as they dug their graves deeper. And all this time, they thought they could keep this charade up forever. Because they figured “at least the apes didn’t discover Computershare today.” + +Then we did. And this has driven Shitadel and the SHFs into a screeching panic. For those who haven’t been following, here is the [stickied DD that explains Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) and instructions on it. To oversimplify, it’s an ultra quick process (my TDA phone call was 60 seconds long) by which we can remove shares from a system of endless fraud and manipulation then have those shares directly registered to us online. +