diff --git "a/reddit_finance_43_250k_326.txt" "b/reddit_finance_43_250k_326.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_326.txt" @@ -0,0 +1,10000 @@ + +They've had a bad run lately because of colony collapse, so they look like a great value play. + +How do I buy bees? +Went into a Gamestop to try and find some Pokemon cards for my kids (found a pack!) and felt compelled to ask the employees what they thought of the stock situation. The employee then went on about how she had to have surgery and was in the hospital and missed 'the stock stuff'. I was like you know it is still going....right? She had zero clue. Made me laugh because oh boy howdy is it still on and them some, but also sad that the MSM is so awful that even Gamestop employees don't know what is going on. +Hold strong. šŸ’ŽšŸ™ŒšŸš€ +Sorry if this gets posted often, but I am moving out for the first time soon (Sydney) and could really use some help with budgeting, especially ongoing costs. + +Firstly, I earn approximately $800AU per week. Is renting somewhere $300/week too much for my salary? I am cautious with my money and don't spend too much money on stuff i don't need like products (i rarely buy clothes unless i have to). + +Also i'm trying to think about what ongoing costs would be. + +E.g. + +Rent 300/week + +Food 100/week (Unsure of how much this would cost but assuming $100 is enough) + +Petrol 50-70/week + +Utilities 30-40/week? (Again unsure) + +Spotify 3/week (12/month averaged for each week) + +Mobile 7/week (I pay $80 for a 90 day Kogan prepaid service, so I've averaged this cost again) + +Car rego and insurance and private health insurance are obviously not weekly costs but I was wondering what you would budget for them. + +Also discretionary costs like going out (alcohol + uber). + +I'm hoping to save $6000 for all moving out costs. Bond, 2 weeks advance rent, furnishings if needed (gumtree and fantastic furniture + whatever I can take from home) anything else I need comes from kmart. + +Is this plan solid? Please advise where needed and let me know if I am delusional or not. Thank you! +Maybe a question that has been asked before. + +&#x200B; + +With you new freedom, surely many of you have picked up new hobbies or daily routines as a result of retiring. Have any of wished you started doing those things long before retiring? What are they? +We have about a 1% adoption rate of vaults within r/cryptocurrency (~60k vaults). Congratulations if you are reading this and you have your vault set up, youā€™re ahead of 99% of people. If you are new and want to set up a vault, you need to download the official reddit app on mobile and create one. +I bought my condo outright and have been wanting to leave Los Angeles because of the high taxes, garbage, homelessness, air quality, and traffic. I only bought 3 years ago but things just seem to be getting worse and worse and Iā€™m afraid property values will start plummeting. People have been leaving California in troves and my question is do you think I should wait 2 years and rent my condo in the meantime (so I can do a 1031 exchange) or should I just sell now and get out while I can? Iā€™m leaving regardless but Iā€™m conflicted on what to do. +I am looking into purchasing a home for a flip. This house is selling for way under market value and the bones of the house are still in good shape; however, the owner of the home has been allowing his cat and dog to pee and poop all over the house for who knows how long. + +The house has hardwood floors on the first floor and carpeting on the second floor. My partner and I were thinking we could cover up the smell of the urine by cleaning everything with vinegar (walls and floors). Then covering the floors and walls with two layers of Kilz paint and then installing pergo flooring. We would also be using an O2 generator. + +If we can get rid of the smell the numbers line up. $65k purchase price. Market rate to sell is $150k and $25k in repairs, paint flooring, etc. After it is all said and done we would be looking at about $25k a piece. + +Does anyone have experience with this? Is it worth the risk? +Hi just want to hear some advice. Am renting atm in NJ, been reading and watching guides of real estate for years and I know interests are sky rocking so my window to buy cheap is gone for now. + +I been watching a 4 plex: 2 apartments have 3 bed rooms and 2 have 2 bedrooms. if I divide the monthly mortgage each would pay more or less what am already paying in rent. so I would be paying the a little less monthly amount as renting but I will be the owner. + +as is a 4plex it does not fall in the commercial range, I hear if I live in the property is better for me for loans? etc i can handle repairs, pest control and normal repairs myself. + +in other words do this makes sense to go straight to a 4plex as a first time home buyer? +I'm talking about Twitter/Instagram/Podcasts/YouTube channels to keep yourself up to date. Mainly looking channels that give tips on new coins or coins that may have potential to rise up and other such breaking news in the crypto world. +I already have a [portfolio](https://imgur.com/a/xi5YA). I want to diversify a little more, what altcoin you think could be interesting? I was thinking about buying a bit more REQ, and then NEM and EOS. + +I'm really interested in coins that could be suitable candidates for long term holding +I already have a [portfolio](https://imgur.com/a/xi5YA). I want to diversify a little more, what altcoin you think could be interesting? I was thinking about buying a bit more REQ, and then NEM and EOS. + +I'm really interested in coins that could be suitable candidates for long term holding +I'm just writing this as I'm wondering if it's a good time to buy now and hold or if it'll be best to wait for the crash and then purchase some cryptocurrency. +The main ones I am looking at are: + +- Siacoin + +- Steem +- Reddcoin +- Ethereum +- Solarcoin + +What are your thoughts? +I feel that the four mentioned coins all stand to gain immense market share over the course of this upcoming first quarter 2018. I am diversified in each however Iā€™m really curious to hear what everyone thinks is the best pick for short term gains. + +I think all four are here to stay in the long run. Most diversified investors seem to have at least a couple of these in their possession now. And Iā€™ve heard good arguments about each showing the most long term potential... but if you had to pick one to win the 1st quarter of 2018 purely based on percentage of growth - which one of the 4 and why? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>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! + +šŸ“ā€ā˜ ļø [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Some people give advice to "never buy options" and premium sellers (like TastyTrade) like to point to bell charts and brag about how they have an edge like a casino but do they really? They aren't actually the house and don't control the game. Every time I post a question about a strategy or arbitrage I am told that I can't possibly have an edge because the MMs, AI, and an "army of traders" would trade the edge out of existence. So why doesn't this also apply to selling premium? Haven't an army of traders lowered the IV and traded the edge of premium selling out of existence too? I would think the natural order of things should end up being a balance between buyers and sellers. +Iā€™m disabled and money is not a concern, because my trust fund is $5M+ and Iā€™m rather frugal. Buying things/experiences doesnā€™t bring me much joy. + +I started counseling because I think I have a lot I need to work on, and Iā€™m still a bit lost. A lot of the things I used to derive joy from, even after becoming disabled, just donā€™t have the same effect anymore. Maybe Iā€™m still reeling from the pandemic, but Iā€™m just over most things. Other than sex/intimacy, nothing is particularly motivating right now. Iā€™m not really into travel, learning, or giving back in some way. It just all feels like more effort than itā€™s worth, we all die anyway, and there will continue to be shitty things in the world until the end of time. Bleak, I know, but itā€™s where Iā€™m at. + +Also, my degree of disability necessitates doing a lot of planning for anything I want to do out of the ordinary, so trying anything new carries a large upfront cost that I donā€™t usually have the willpower to overcome. I manage my trust assets which keep me decently occupied/distracted during the week, but weekends are tougher since the world kind of slows down ā€“ Iā€™m not opposed to the slow down, as the time to rest is also good for me physically, but that leaves me a lot of time with my thoughts. + +Iā€™m single and I think I see a relationship as more of an achievement or solution to my insecurities, rather than an exercise in loving or something more healthy like that. I often end up in situations where somebody is interested in a relationship with me, and I lose interest because there is no more challenge, and I realize I donā€™t actually like spending time with that person outside of intimate time, or in anticipation of intimate time. I wonder if I am a horrible human being for this. + +I have considered sex workers though I feel weird about the idea of paying for sex ā€“ but maybe thatā€™s actually better for me because I donā€™t feel capable of taking on the complexity of another personā€™s wants/needs/desires in my life when mine is already so complicated, and itā€™s more honest when itā€™s transactional. But a part of me still wants a ā€œrealā€ relationship, where somebody values me for *me*, and not for what I provide. Am I delusional? Is it all about what you provide? + +However, since I am already financially okay, I donā€™t see much value in a relationship unless we share some interests, but I donā€™t feel very interested in anything, so I feel stuck in an endless loop. + +Looking for thoughts on how to handle the crippling (hah) depression that results from being straight loaded and also really fucking disabled. Iā€™ve seen lots of suggestions to join physical activity groups, and thatā€™s not an option for me. Beyond not being able to do physical things, Iā€™m just soā€¦tired all the time. And tired of people who flake and don't realize how much effort it takes for me to actually meet up somewhere. + +Rich people of Reddit, plz halp. +&#x200B; + +[Top 15 Options Activity from Friday \(1\/29\/2021\)](https://preview.redd.it/50atl3uc1pe61.png?width=1373&format=png&auto=webp&s=9e0b4faeda15be0c6e6cf70d0dff3a1bd9d01b0a) + +Due to the exponential increase in membership in WSB I have started to see a lot of misinformation, favoritism, and overall divisiveness going on within the community. I decided to do my own Due Diligence (DD) to determine which stocks I will be holding next week, and hopefully this can start up a meaningful conversation in the comment section to help out our new friends who mostly want to know what to invest in. I pulled the top 15 stocks with the greatest Options Volume from Friday (1/29). You can see all 4 of the $BANG stocks make this list. Despite understanding that GME is a heavily shorted stock with a Short Float greater than 100%, it is important to look at the Put Volume as well. This is the numbers of option contracts that are shorting the stock. GameStop is the only company of the batch that has a Short Float of greater than 100%, which is why this short squeeze is working so well, but itā€™s also the most heavily shorted on the options side. I think itā€™s important to see all 4 of the BANG stocks are heavily shorted on the put side too. If you look up who is buying these Put Contracts, it is mostly big institutional investors, whose best interest is to artificially depress the stock price so their puts pay out (look at what happened to BB and NOK on Thursday and Friday). This is why we have to stand together as a community and embrace the $BANG index that we created. + +**GME** \- This is a short squeeze. Not much to say here. Buy, hold, donā€™t sell. + +**BB** \- This is a gamma squeeze, not a short squeeze. 66% of the float (shares available) are owned by institutional investors, so while the float might seem big (550M), we are only dealing with 34% of the shares. Buy, hold, donā€™t sell. + +**AMC** \- Also a short squeeze. The Short float isnā€™t above 100% but this is still a great potential candidate. + +**NOK** \- This is a gamma squeeze, not a short squeeze. This is the weirdest one to me because everyone was claiming this was ā€œbotā€ propaganda last week and then has the 3rd highest option volume on Friday. Not sure how to feel about this one, but hey its popular. + +**Defining some terms:** + +**Short Float:** Percentage of shorted shares in relation to the total number of floated shares (shares available to be traded) + +**Options Volume:** Total number of **option** contracts bought and sold for the day + +**% Put:** Percentage of total option contracts that are puts (think the stock will go down) + +**% Call:** Percentage of total option contracts that are calls (think the stock will go up) + +**Put/Call Ratio:** Ratio of puts to calls option contracts (higher the ratio, higher the short %) + +**FAQ:** + +\-Where did I get this chart from? [https://www.barchart.com/options/most-active/stocks](https://www.barchart.com/options/most-active/stocks) + +\-Which Stocks do I own? I own all 4 $BANG stocks + +\-Which options should I buy? Buy shares + +\-This is just my personal opinion and not professional investment advice +**Preface**: +My girlfriend and I got scammed big time in Thailand to the tune of $850 USD. Below is the story of how the events unfolded throughout the day. I understand that when viewed out of context, the scam seems blatantly obvious; I have included factors and descriptions that seemed harmless at the time. I am a law graduate and my girlfriend is a business graduate. We are not unintelligent by any means. We did our research and thought we were well prepared to handle Bangkok. We were sadly mistaken. I am writing this for several reasons: after the fact, the story is quite entertaining; we have kept this story secret to everyone who knows us; and perhaps most importantly, to heed warning for those who think they are too smart to get scammed in a foreign country. + +**12pm Day of the Scam**: +My girlfriend and I finish visiting a well-known tourist attraction in Bangkok. It is our first full day in Thailand and we are ecstatic. We begin to tour the local market outside of the attraction, ever vigilant of tourist traps and pickpockets. To try to take in the local culture and get out of the tourist-centered area, we begin to walk away from the market. About 3 minutes later we are stopped by a Thai police officer. She is dressed in a polo with a ā€œThailand Police Departmentā€ logo and slacks. I find this odd, but assume she works a desk job of sorts. She quickly warns us that this is not a good area for tourists to be, as crime is very high in the area and asks us where we are headed. After a brief conversation, she recommends local stops to visit to really take in all Bangkok has to offer. She lists the three main stops and even leaves us her cellphone number should we encounter any problems. I ask her for a recommendation on how to get to the first stop, and she recommends a tuk tuk. I tell her of my apprehension of tuk tuk drivers because I have read they are very untrustworthy. She hails a driver from across the street and they begin to speak in Thai. She speaks very firmly to him, shows him the list, and negotiates a fair price for him to drive us to all three locations. When they conclude, she tells us the price which we are willing to accept, and that she told the driver she had his information and would cite him for violations should we call her with any problems. At this point, we couldnā€™t be more excited and feel very safe. + +**1pm**: +We arrive at our first destination, a local temple. We spend the next half hour viewing the temple and walking around while the driver waits. Overall, it is an incredible experience being on the other side of the world and we are both grinning ear to ear. + +**130pm**: +We finish at the temple and meet back with the driver who is waiting out front for us. He informs us that he needs to use the restroom but waited so we wouldnā€™t miss him and get lost. He points to his tuk tuk, down the road, and says we can go wait in it and he will be right back. We happily comply and walk over to the tuk tuk. As soon as we arrive, we notice that it is double parked, blocking in another vehicle. The owner of that vehicle then walks up about a minute later, asking if we can move the tuk tuk. We explain that our driver is using the restroom and he should be right out to move it. The man does not seem upset and says he is not in a rush. He then strikes up a conversation with us to kill the time, asking where we are from, how our holiday is going, and so on. When I mention I recently graduated law school, he seems very happy. He explains how he too was a lawyer in the United States that used to work for a well-known firm in New York City. I know the firm and begin to ask about his profession, but he seems uninterested in talking about it. He explains how he had to leave the firm to take care of his dying father back in Thailand. By no means does he look like a corporate tax lawyer from NYC, but I tell myself to stop being judgmentalā€“ this man is doing an amazing thing for his family. He then asks where we are headed, and we show him the list prepared by the police officer. He explains how lucky we are to have spoken to her, as these are lesser-known but amazingly cultural stops. The man is particularly keen on our next stop, which is illegible to us on the paper. He explains that this shop is normally only open to Thai residents, but recently opened to tourists to increase tourism. He continues on about how he had all of his suits made by this tailoring shop, our next stop, and how high quality and cheap they are. He says to take advantage of this opportunity and purchase suits while I have the chance. Before long, our driver arrives, apologizes to the ā€œstrangerā€ he was blocking in, and asks if we are ready to go. We leave for the second stop. + +**2pm**: +We arrive at the tailoring shop. At this point, I begin to question why a police officer would recommend a having suits made in Thailand instead of all the amazing sites to see. However, the sales people move us quickly and are great at what they doā€”making sales. Before long, both my girlfriend and I are measured and being talked into suits. We ultimately agree to 3 suits, 2 for me and one for her, for what amounts to $850 USD. The suits are to be custom made, with a fitting later that night, and delivered to our hotel the next morning. The salesman informs me that I must pay upfront for them to begin to work on the suits. He asks for cash, and points me to an ATM conveniently located right outside of the store. At this point I am very skeptical. I tell him I do not have cash to cover the suits, and must pay by credit card (knowing if I pay in cash I will have no recourse). We go back and forth, but when I say we will leave if we cannot pay by credit card, he budges and lets me pay in plastic (probably the only smart thing I did that day). We arrange to have the shop send a driver to pick us up for our first fitting at 6pm providing all of our contact information, including hotel name and room number. We go on our way. + +**3pm**: +We leave the shop and go to another temple. I feel uneasy and my girlfriend keeps asking what is wrong. But we are still happy, and trying to enjoy our holiday and continue with our tour. We view the temple, and the tuk tuk driver brings us to a riverboat to find our way back to the hotel. We leave and make our way back to the hotel. + +**4pm**: +We arrive back at our hotel and I immediately get on the Internet to research the shop, as I feel incredibly uneasy about the situation. Low and behold, I discover story after story of tourists being scammed by this shop. Several make mention that this shop is connected to the Thai mafia, and I read numerous stories of customers who paid cash, were physically threatened, products that never arrived, and even instances of those who went to the police and were laughed at. I tell my girlfriend and she realizes the way I have been acting and it all makes sense. We realize that the driver is scheduled to pick us up, from our room at 6pm. I begin to think of all the worst-case scenarios: mainly that with knowledge our room and knowing we will both be gone, someone may break into our room and steal everything. This scam was incredibly well thought out and involved many seemingly unrelated parties, what was to stop a hotel employee from being in on it and offering a keycard to our room? I have the front desk call the shop and explain we had an emergency occur and would not be available for a fitting tonight and would be leaving the country in the morning. If the suits could not be cancelled, just leave them at the front and do not contact us. We immediately returned to the room, dead bolted the door, and sat quietly, feeling sick to our stomachs. + +**6pm**: +At exactly 6pm, there is a heavy knock on the door. We sit motionless in bed. A few more knocks and the man eventually goes away. I can only assume the shop knew we were on to them and were trying to do everything at this point to cover themselves. + +**10pm-2am**: +At 10pm, another knock on our door. I know it is the man trying to fit us again and drop off the suits. We do not answer and pretend to be gone with the lights off. My girlfriend is terrified. From that point on, our hotel phone rang loudly, every twenty minutes, until 2am when the calls finally ceased. I know it was them calling because no hotel desk, after being explained the situation, would call a guestā€™s room so persistently, so late at night. We never answered the phone. I sat awake in bed, all night, scared of what may happen. My mind races. + +**6am the following morning**: +We quietly pack our bags and make our way out of the hotel, foregoing the expensive breakfast we prepaid. We do not want to be seen or heard, we just want to get to the airport and out of this hotel. As we make our way out, a bellman whom we have never seen stops us, and hands us a garment bag with the suits. We do not open it and proceed to the airport. Later that day, we arrive in a different city and breathe a collective sigh of relief. + +**The aftermath**: +After a day or two of feeling physically and mentally ill, we relax and enjoy the rest of our vacation. The suits do not fit, are terribly made with pieces ironed together with sticky tape, and are so thin they are virtually see through. My girlfriend and I will never wear them, although when this is resolved I plan to donate them to a shelter. When we return home to the States, I immediately contact the credit card company and explain the entire story, in detail, pleading that they reverse the charge. The analyst I spoke to explained how terribly she felt for me, but it is unlikely the charges will be reversed because I paid in person and signed the receipt. She suggested my best course of action was to file legal charges against the company. However, being legally trained, I understand that it will cost far more than $800 to litigate in Thailand, and even if I were to win, a flight would cost more than that. It is simply not worth the effort. A US court would almost certainly not hear the case for jurisdictional reasons, and even if they did, I would have no way to enforce a judgment against the company and get my money back. So I proceeded to fill out the dispute and am anxiously awaiting the result. I just figured I would share my story of how someone who is aware of scams and skeptical got taken for so much money. +TL;DR: Was scammed by numerous, seemingly unrelated people into buying $850 worth of suits and when I tried to back out was harassed. + +edited: formatting. + +*edit 2* I appreciate all of the input. I wasn't trying to say I was smart, I'm simply trying to tell a story and warn others. I will have succeeded if one of the many of you who wrote me saying thanks for the advice are able to avoid being scammed in Thailand. Yes, I am aware there is a lot of literature discussing this scam online, but I did not think it would run so deep (the three unrelated people). Also, many have asked why I would buy suits in Thailand and why I didn't research more. Though I don't expect many to understand, I literally just finished sitting for the bar exam and the next day went on my trip (insert more jokes about lawyers being dumb, I get it). I did not have time to do thorough research as I was studying 8-12 hours a day for the past 3 months for the exam. I read that SE Asia is a good place to have suits made my a reputable tailor. Because I began working for a law firm as soon as I returned, I had plans to purchase myself a custom suit or two during my trip. When I was told by unrelated strangers about this great shop, I fell for it. Lesson learned. +Did some old digging and stumbled across a handful of old Bitcoin Posts from 5-7 years ago. Just some fun stuff. Link Below is to the post about when Bitcoin was 5$ + +ENJOY GUYS! First Link is to Title Post + +https://www.np.reddit.com/r/Bitcoin/comments/ka3mo/its_the_perfect_time_to_buy_bitcoins/?st=JFT4A1II&sh=c9e29545 + +List of another 7 Ancient Bitcoin Posts from 5-7 Years ago: + +ā€œ If I buy Now am I an Early Adopter ā€œ + +https://www.np.reddit.com/r/Bitcoin/comments/1905wt/if_i_buy_now_am_i_still_an_early_adopter/?st=JFT40ALW&sh=cccc12b3 + +ā€œBitcoin threat to USD currency ā€œ + +https://www.np.reddit.com/r/Bitcoin/comments/196xzp/what_if_bitcoins_do_become_a_threat_to_some_big/?st=JFT3YP74&sh=776641d8 + +ā€œ Bitcoin hits 7M Circulating Supply ā€œ + +https://www.np.reddit.com/r/Bitcoin/comments/jbrew/bitcoins_hit_7_million_total_in_circulation/?st=JFT426HV&sh=b969ffa3 + +ā€œ Bitcoin surpasses 20 currencies in Value ā€œ + +https://www.np.reddit.com/r/technology/comments/1ba9e5/bitcoin_an_opensource_currency_surpasses_20/?st=JFT45YSZ&sh=dda2cde4 + +ā€œ Bitcoin Falls 90% ā€œ + +https://www.np.reddit.com/r/Bitcoin/comments/lgwyh/bitcoin_implodes_falls_more_than_90_percent_from/?st=JFT488O3&sh=42add107 + +ā€œChances of Bitcoin becoming Widespread. Buy Now? + +https://www.np.reddit.com/r/Bitcoin/comments/kjglf/so_what_are_the_odds_of_bitcoins_becoming/?st=JFT49GTN&sh=d39f3aa0 + +ā€œ Days From Bitcoin Far Over ā€œ + +https://www.np.reddit.com/r/Bitcoin/comments/hxh6u/relax_guys_the_days_of_bitcoin_are_likely_far/?st=JFT4EG4X&sh=f24a7146 +I have built my own event driven backtest engine and it took 4 hours to backrest 20 years of 1min data + +It's easy on memory since it fectches only n rows (10000) at a time from the database and process them before fetching next block. + +Ofcourse it is saving the trade logs to the database after every 1000 trades. + +How long, in your experience does it takes to backtest 20 years of 1min data (using your custom backtest engine or any other platfom)? + +I just need a ballpark figure. + +Thanks + +EDIT : + +Please let me know the system you run your test ( in case of custom backtest engine) + +My system : + +i5 processor +8GB RAM +Ubuntu 16.04 +I'm trying to get an idea of how much spending money is sensible to budget every month (though I understand this would wildly vary depending on your income. + +How much money do you give yourself a month to spend, AFTER you've spent money on: + +\- Rent/mortgage + +\- Bills (utilities, phone, netflix or prime subscriptions etc., but NOT food or travel) + +\- Putting money away into savings accounts or investment pots + +I'm curious as to what people give themselves every month to spend on food, drink and household products, travel, socialising, and general personal spending. How has this changed (if at all) pre and post-Covid? + +EDIT: I just want to say thanks for everyoneā€™s responses. It has put into perspective that I am probably spending a lot more frivolously than I should be, and could be saving quite a bit more whilst still living comfortably. I do live in London but especially during lockdown, thereā€™s no reason why I canā€™t be putting an extra Ā£300-Ā£400 a month into savings. Thank you everyone! +This is so ridiculously obvious. Drop the price so you can average down and give your buddies a shot and we will be right back or higher in two months or less. + +Meanwhile most laymen will lose temporarily, freak, and sell. Don't be a puppet. Auto-invest and ignore. + +You ain't seen nothin yet. +I have recently started to explore value investing more in-depth, and have discovered a need for a more diverse array of ways for putting a dollar figure on companies I find attractive. If anyone has any suggestions for methods I should research, or simply has one they like themselves, feel free to put it in the comments. Any input is much appreciated, thank you! +We know the aim of the game is to buy stocks when they are at a good price, whether that be based on book value ratios or potential growth etc. But how can you tell the difference between a company thatā€™s just going through a rough patch (ie when Coca Cola brought out the new taste coke and the sales and value dropped) or when a company is doing very poorly and there is little chance of recovery + +Also, does 1 year of making a loss raise a red flag or can it be overlooked if the company is of good quality? + +(Iā€™m new to investing so all advice is of help, thanks!) +I noticed Buffett added to his Markel holdings this quarter and I hear about this "mini Berkshire" often, and have heard many good things about CEO Thomas Gaynor. + +I looked over their last annual report and didn't see anything that impressed me. + +Let's start with the income statement: Page 86 [https://markel.gcs-web.com/static-files/29681e1d-9cee-4b56-adcd-dad1df1cc2fe](https://markel.gcs-web.com/static-files/29681e1d-9cee-4b56-adcd-dad1df1cc2fe) + +Apparently, Gaynor is a great capital allocator and has made good investments. Indeed their investment income is strong and last year they did approx 2b in capital gains and 374m in investment "income" which I assume is dividends. + +But how about this - without that investment income, the business would be making a loss. Meaning their subsidiaries and their core insurance business isn't even profitable. + +Their NPAT in 2021 was $2.4b. But $2.35b is investment income. Their insurance business and subs only made $50m. + +Their NPAT in 2020 was $797m. But $988m is investment income. Their insurance business and subs lost $191m. + +Their NPAT in 2019 was $1.79b. But $2.05b is investment income. Their insurance business and subs lost $260m. + +Obviously I've missed something since Buffett just snapped up 4% of the company and he's the insurance GOAT so help me out? +What are your thoughts on Greg Abel to become the CEO of Berkshire Hathaway after Buffett retires/passes away? + +Itā€™s just mind boggling to think someone is going try to fill the shoes of Warren Buffett. + +Iā€™m starting to think of it as trying to replace Nikola Tesla or Einstein. How in the world is anyone going to do that? +I have seen Shopify come up a few times, but to me Shopify is not a value stock, underpriced nor does it have a margin of safety, and even with the recent drop they have doubled since pre covid. + +Not sure why it is being mentioned here at all? Their earning definitely don't justify a $100billion+ market cap and I don't really see what their moat is (if they have one) when there are other companies like Wix and Weebly for example. + +Just because something has large price drop doesn't make it good value. +Is there any website that has a list of the quarterly reports of relevant companies? How do you guys keep track of your companies' financial updates and news? +I literally don't understand any business at all. + +However I'm able to do a rough valuation. I have a Formula, similar to Graham's number. Using this Formula I cannot value many many stocks (i.e. "I don't understand the value of the business using my method"). However eventually I'm able to find a few undervalued ones (for example ALLY) using this method (i.e. "I understand that the business is undervalued by using my method"). + +Basically, is "investing in what I understand" really about I only should invest in GM when I understand how cars, motors, etc work? Or is it about the ability to value certain businesses, and in turn my circle of competence? Because when I just apply Graham's number I will fail to catch fish like Amazon or Apple, however ALLY and GM are definitely obvious this way. +I've owned a small position in NEE (about 2%) and recently sold with a small gain. + +I figured it has outperformed for many years so ah what the heck... + +I heard that utilities are good in high inflation times because they have steady earnings, but I believe NEEs earnings have been declining for a few years? + +What's the appeal with NEE if it's earnings have been declining? + +Why does it get away with a 65 PE? + +I.mean it is a steady stock with low volatility for the most part, but what's the appeal? + +Why does it have such a high PE and have a 133% return the last 5 years and a 15% CAGR return for over 20 years? + +It's also the heaviest weighting (about 15%) of XLU. + +Also what would be the case for investing in a utilities index when it doesn't outperform the market as far as I can tell? + +NEE HAS outperformed the market though. + +Would there be a case to be made for investing in something that DOESN'T beat the market? Perhaps low volatility and security? Risk trade off? + +For example JNJ typically does not outperform the market, but is a steady stock that also doesn't fall as much during volatile times, etc? So people with large amounts of cash would use JNJ as a sort of "safe" place to store cash instead of risking a short term large loss in the market? + +Would that be a similar appeal of utilities also? Or a stock like NEE? +THANKS. +Trying to see if the company has been actively buying back shares, and for the purposes of the math should I be including Non voting shares on the calculations? Do companies ever buyback non voting shares? +Hi guys, I'm trying to do my DD on Regeneron, and I noticed that their debt rose significantly from 2019 to 2020. I wanted to know if it is possible to know what are the causes for that. + +My intention is to understand better how this debt can affect the future: say for example if it because of new loans in order to expand, or maybe because of lawsuits. Those reasons will have different impacts on the future. + +Thanks. +A friend reached out about a secondary market investment in spacex. Minimum is $150k, we would split it 50-50. Would be at a ~$100B valuation. 20% carry, plus a one time 10k fee. + +Iā€™ve never made a private investment like this. How should I evaluate it? NW 2m, income 700k/yr, expenses 100k/yr. I think I can afford it, but itā€™s illiquid and would be locked up for a while possibly +I've gotten very lucky and will have 600k+ just from salary and bonuses received this calendar year. I've maxed 401k, in the middle of a backdoor roth IRA, but I don't know what else I should do. Can I spread this income over multiple years? I have no solo 401k or anything like that. Links welcome. +What are your 2019 money goals? + +Ours are: + +* Max out 401ks - $38,000 +* Max out backdoor Roths - $12,000 +* Max out HSA - $7,000 +* Save six figures to brokerage account (kind of a stretch goal if we buy a house in 2019). + + +Not expecting too much of an income increase in 2019 (big one came in 2018), so any increase here is icing on the cake. + +Best of luck on your 2019 goals! +With all the hoopla surrounding GME Iā€™m looking at the big squeeze of VW. Thereā€™s a clear climb where the squeeze has begun but a big drop to pre-squeeze levels before skyrocketing. I was not involved in stocks back then, but does anyone know why? + +Was it a big doubling down by shorts to instil fear in the market by slamming through stop losses? Were there other factors at play? Is it something that could possibly happen with GME? + +Hereā€™s the graph + +https://steemitimages.com/1280x0/https://cdn.steemitimages.com/DQmZ4Sn6s2izPgBFS34oP56DUAmPwKTLN39YH6X7mkGL6TC/Screenshot%202019-03-16%20at%2021.50.21.png +So I got married and have kept my cash I got as gifts as cash at home. Now I have the opportunity to purchase a property and want to use this cash as my deposit but it's from around about 250 different people gifting anywhere from Ā£50-Ā£2500. It wasn't for a deposit at the time so didn't think to get people to sign anything saying how much they gifted obviously. Now the bank want proof of this + Like the title said, 52 years old. I made $36000 last year. I'm divorced. I have two teenage sons. I have a $744 mortgage payment and I owe on my credit card $15,000. + my ex-wife got sick a year and a half ago and I gave her about $13,000 so she could get the medical attention she needed. + I need help and I don't know what to do. +All (or well, most) of us are not surprised by the incident of insider trading within Coinbase - many Twitter/ Reddit posts have been made on this topic in the past. I can bet it's still happening within Coinbase as well as all other exchanges and it's really really shady because it hurts average retail investors. The moroninc VCs do "insider trading" all the time. This has been the single largest frustration in crypto over the past decade and has deterred many many people from their interest and participation in the space. + +However, the event over the past few months/days including the investigation and arrest of the Coinbase employee is an incredible milestone in the journey of Crypto industry. I can't believe I am saying this but I am pleased to see Coinbase doing this investigation and of course Feds for acting quickly. I do hope this is one of many in the spirit of cracking down on "shady" practices within Crypto and bring a better order in the system and trust among common people. Action on some of the VCs who have destroyed retail investors in their pump-and-dump/ ICO scams would be amazing. + +To solidify this more going forward and build a lot more trustworthy space for crypto, here are some ideas/ thoughts, including potential for new Crypto applications/ Protocols: + +1) We should request all Exchanges to publish an ethics report where they routinely describe these incidents, investigation - even if it's none and all green. This proactive visibility will boost confidence overall and create more trust + +2) There is an opportunity for potential tech innovation - building protocols that can detect shady behavior real time and flag to exchanges/ feds/ users for action. If you are interested in doing so - please ping me \[Shady people please don't dm for seed phrase - else, I will leave a robot behind you to fuck your life\] + +3) As a crypto community, we need to raise our voice when we see shady things - raise our voice, create more fuss unless action happens! + +Godspeed! +&#x200B; + +https://preview.redd.it/d1pxj139exz61.png?width=656&format=png&auto=webp&s=02bd971c97fee1beb3b41cca2fae7de0c9fc90c9 + + Template for voting: + +**SUBJECT:** My voting instructions on the upcoming GameStop Corp. shareholders meeting ***\[make sure you have a subject so your email doesn't get lost in the crowd, brokers across the world are flooded with retail's new interest in investing\]*** + +Dear sir/madam, + +I am hereby sending an email with my voting instructions in the upcoming GameStop Corp. shareholders meeting. My username is **X**, full name **XX**. + +On the 15th of April, when voting rights were locked in, I owned **X** shares in GameStop Corp. (GME) listed on the New York Stock Exchange (NSY)**{**, and **X** shares in GameStop Corp. (GS2C) listed on the Frankfurt Exchange (FRA)*\[delete/use this if you have/have no FRA listed shares\]***}**. I would like to exercise my voting rights with all of these shares. I will be referring to GameStop Corp.'s Board of Directors as "the Board". + +I am aware of the 10-euro fee for this vote and consent to paying this. + +On the voting matter of the Election of Directors, I would like to vote in favor of the Board's recommendation of "FOR ALL Nominees": + +* Election of directors +* 1.01 George E. Sherman (**For**) +* 1.02 Alain Attal (**For**) +* 1.03 Lawrence Cheng (**For**) +* 1.04 Ryan Cohen (**For**) +* 1.05 James Grube (**For**) +* 1.06 Yang Xu (**For**) + +On the voting matter of the Advisory Vote on Executive Compensation, I would like to vote in favor of the Board's recommendation of "FOR": + +* Provide an advisory, non-binding vote on the compensation of our named executive officers (**For**) + +On the voting matter of the Ratification of Appointment of Independent Registered Accounting Firm, I would like to vote in favor of the Board's recommendation of "FOR": + +* Ratify our audit committee's appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022? (**For**) + +In the event that there are other voting matters that I have not addressed in this email, I would like to vote in favor of what the Board recommends. + +I would like to be informed when my instructions have been processed. + +I hope to hear from you soon. + +Kind regards, + +**X** + + End of template. + +# VOTE NOW IF YOU HAVEN'T DONE SO YET!!! + +# CONTACT YOUR BROKER, DO NOT WAIT ANY LONGER!!! + +# MAKE SURE YOU HAVE ENOUGH FUNDING IN YOUR ACCOUNT FOR ALL LISTINGS YOU OWN SHARES UNDER!!! + + + +How to vote with DeGiro (including template and email addresses): [https://www.reddit.com/r/Superstonk/comments/n8bq3m/how\_to\_vote\_with\_degiro\_including\_template\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n8bq3m/how_to_vote_with_degiro_including_template_and/?utm_source=share&utm_medium=web2x&context=3) + +*Not financial advice, issue voting instructions in whatever way you want to and make your own decisions, I am not attempting to persuade anyone into voting in a certain way, the template provided only serves as an example as to what voting instructions may look like.* +Hey everybody, thanks for clicking and offering a lending hand. So my story basically goes: I am homeless at the moment because I quit my jobs and spent all my money traveling around the country then decided to start over in a new city. No money. No apartment. Not even a place to store my bags during the day. I'm 23 btw. + +Now I work in the food industry and have done so for the last 8 years. This is what I want to do for the rest of my life and I am good at it. + +I just got a job 2 days ago at a local butcher cooking their breakfast and lunch. I'm right for the job, I can do it with ease but they'll only start me at minimum wage and then increase my pay to $9.50/hour after a probationary period of unspecified length. They also give their cooks tips and I'm told it could be anywhere from $5 a day to $35 a day making the spread $25-175 every week. This place is super close to the home less shelter. 35 hours a week. + +The other job I just interviewed for and I think I might want it. The guy said he'll call me tomorrow and let me know if I have the position but he said pretty much everything but "You're hired!" This job will start at $11/hour and offer health insurance after a probationary period of 90 days. The thing is, this job is cooking superdank lunches for wealthy people's kids which we'd personally deliver to each private school. Cool job and would be an awesome resume booster to get into the elite. However, this job is about 8 miles from the homeless shelter I am staying at and I would need to start at 530 in the morning. Buses don't start til 6, so I would have to get a bike by Monday (which is doable in this city, tons of volunteer opportunities). 37.5 hours a week. + +So do I keep the first job and hope for great tips, or take the other job and skip breakfast until I can afford a place? + +I did the math: + +Job A: $9.5*35 = 332.5 + 100 (potential tips weekly) = $432.5 a week = $1730 a month (maybe, after probationary period of undetermined length) + +Job B: $11*37.5 = $412.5 (guaranteed) a week = $1650 a month (guaranteed) with healthcare +Last July, I bought a 2015 Hyundai Sonata. It was my first time ever financing a car so Iā€™m pretty new to financing and the car was running great up until December 2021. My battery died on me so I got a jumpstart, then it died again so I bought a brand new battery. Then I got a letter in the mail saying they found a recall on my car. I took it to the dealership and they fixed the recall for free. + +Then in March, my car started to do this weird shaking, knocking under my hood. It was $900 to fix that. Then A month ago, my boyfriend changed my spark plugs because they needed to be changed for about 2 months but I didnā€™t have money to afford it at the time so I think I did more damage by driving the vehicle with worn spark plugs. After he changed my spark plugs, my car will not start at all. I would put the key in the ignition and it would try and click but nothing would happen. I canā€™t drive the car at all, let alone turn it on. I had my uncle and my dad look at it and they say that I may need a new alternator which Iā€™m assuming is a few thousand dollars and I unfortunately do not have any money to fix that issue. + +I also still have to pay $400 every month for my car note but with me needing to pay a few thousand on a new alternator, Iā€™m really lost at what I should do. If I buy another car, theyā€™re just going to add the $8k I owe onto my new car. I really donā€™t want a cash car either because those tend to be pretty unreliable. My credit score isnā€™t good enough to finance another car also. I feel so stuck and donā€™t know what to do but I really need a car to get to work and Iā€™m tired of relying on my boyfriend for transportation and my sister :/ +Im done. The market makes no fucking sense to me anymore, any slight belief that i knew what i was doing has gone out the goddamn window. Losing thousands upon thousands of dollars has broken me on the inside. Im going out with one last wager and if it doesnā€™t work, mark my words, I will go and suck a dick, im a straight man and I will suck a fucking human noodle if SPY isnā€™t below 210 on 5/8. + +TLDR, SPY 210p 5/1 ALL IN, if lose then i, a straight man, will suck a dick. Thanks for your time and fuck you if your reading this. +To keep it short, reason why I'm selling is because my spouse cheated on me and now I want out of the marriage. Unfortunately we literally just bought a brand new home and are both military (which means after the divorce there will be a huge pay cut) right now the mortgage is $1600 a month house is about $300,000. By the time the divorce is done my income will be at around $3,000 a month by myself and with my BAH taken away due to being single again. Do I just sell the house and cut my losses if I have to go under a little bit just bite the bullet and pay it off slowly, or do I try and rent it out? + + +Edit: thank you everyone for your advice I think the route that I'm going to try to pursue is some roommates and if I can't get any roommates I'm going to try to rent it out also for everyone who knows what this means I just got HSST for recruiting so we'll see how that affects the whole situation +I currently have over 100 days of time in lieu which I have accrued over 6 months. I asked to be paid out but work have repeatedly told me there is no budget to pay out time in lieu and I should look to take off 2-3 days a week to reduce the total. If I have to take it I'd rather a bigger chunk to make it worth my time, rather than tiny amounts. + +Is there anything I can do to get this paid out? There are rumours that we might go into liquidation and I'd rather get the cold hard cash rather than potentially losing everything. +I used to think paying off a house and aiming to retire early was a good way to win ā€œthe game of lifeā€ but now Iā€™m starting to think there is more to experienceā€¦ +Been testing out instant payments. $10 goes through to my account first time fine. Next $5000 is held 24 hours as "first-time payment to new account". + +Okay. Wait a few more days. Try another $10. Held again. Try $10,000. Held again. + +Spoke to Commbank - "we hold first-time payments to new accounts for security reasons". Point out that it's not the first time. The customer service person doesn't know what to say. Fumbles around until comes up with "sometimes we do extra security checks". + +Extra security checks on $10? Uh... yes. + +I've had just one payment (the very first test payment of $10) go through instantly. Every other payment is held overnight. + +I'm at the point of escalating it to a complaint with Commbank and then to the Ombudsman. + +I asked about payment limits too - no, there are no payment limits that would cause this. Can't get a straight answer out of them. + +Anyone else managing instant payments from Commbank to another bank no problems? + +I kinda feel like they're deliberately holding payments for 24 hours, defeating the whole purpose of Osko instant. + +Nothing on my account that is a security issue either. + + + +Edit: called up again. Commbank have a secret policy, not written anywhere online or in any PDS that they will hold for 24 hours any payments made within the first five days to a new account. So they hold first payment 24 hours. Make a payment two days later to same account and it's held also. They say after five days it's then instant. + +Queried why they don't use their security token system to verify payments - no answer. Just their policy. + +So you want to pay someone on Gumtree instantly? Nope. Want to send your friend money instantly? Nope. + +Went through it in depth with them. The rep even acknowledged that this appeared to be the opposite of the whole point of Osko instant payments. + +So complaint lodged and I'll lodge one with ombudsman too. Commbank has already been dragged over the coals for delaying Osko and now they're using these secret policies that do not appear anywhere to delay payments. Additionally, they're not using their existing security token system to ensure instant payments. + +Pretty shit Commbank. +What kinda records to we hold here for; + +T+2 gains $ figure, T+2 gains %, Most bags on sale, Largest gains $ & vice versa with losses... + +Since we are a casino & I clearly love gains I would be interested to hear any stories anyone has from their travels into the autistic realm. + +Fire away šŸš€ +Anyone know why nvx went up 30-40% the past fortnight? No announcements or anything? Not complaining but wondering if itā€™s just a pump or thereā€™s something substantial in the books. +As the title says. The entire Helium network was down for close to 32 hours because a "superblock" overwhelmed validators which caused a network bottleneck. + +I figured I'd head to /r/CryptoCurrency to gain some more information on what happened. + +Do you know what information I got? + +Nothing. Zilch. Zero. + +The largest IoT solution in the crypto space 41st largest crypto, and one of the few in any space that actually has paying customers goes down for 32 hours and there isn't a single word on /r/CryptoCurrency. + +What is the point of this subreddit? What are we doing here besides mining moons which is a dumb crypto anyway. Who would pay for karma? +The rise in volume has been so big, my chart on Binance got completely squished: + +&#x200B; + +https://preview.redd.it/oirfc7vntda91.jpg?width=898&format=pjpg&auto=webp&s=092162fde227457b3e6714709853b5fa29899d0b + +&#x200B; + +Here's a comparison of the volume prior to the spike. + +Compared to the average volume we've had for the past several weeks, this volume is now around 20 times what we normally had. + +https://preview.redd.it/33qzdri2uda91.jpg?width=898&format=pjpg&auto=webp&s=a5f7fb87c8db5a684a83e4efb957624fefd44207 + +On the one hour chart, it looks like the Burj Khalifa: + +https://preview.redd.it/2eijbcsuuda91.jpg?width=898&format=pjpg&auto=webp&s=0f33ed05a18ea677ed3b63de8461c42db1f54570 + +&#x200B; + +Here's the daily volume comparison for the entire bear market: + +https://preview.redd.it/bjk6h8kluda91.jpg?width=898&format=pjpg&auto=webp&s=48fd01152082e86edb9ad939fdf0ee74b39f0e2e + +I have a few theories: + +1- Selling pressure has been exhausted. All sellers have already pulled out. We may be entering an accumulation phase. + +2- Celsius wasn't dumping Bitcoin. It was swapping its wBTC for BTC, at a big volume. + +3-Just like with stocks, the market is trying to buy the rumor, and trying to jump early on a future economic recovery. They're not gonna wait until the bullish news start to pour out. + +4-Many whales, institutional investors, hedge funds, and big players, may have been holding off on buying for several months, possibly since late last year. And with the bloodbath on retailers, and signal of a bottom, they are jumping back in. + +5- There is a big increase on margin trading, and borrowing. People may be broke, but they still want to take advantage of the price drop. So they are starting to use borrowed money. Also big players are close to get margin called, and maybe are trying to pump back the price. Probably also with a lot of borrowed money. + +6- Short and longs are battling it out at much higher intensity. + +7- Free trading fees on Binance. + +&#x200B; + +It might really be a combination of many of those. +Good day fellow apes, + +I wanted to make a post about the anatomy of a DTCC member margin call and explain why I think the hype in the lead up to this Friday for 002 and the subsequent disappointment today is completely unwarranted and possibly FUD. + +**TLDR: NSCC-002 was never intended to be a squeeze catalyst but rather a safety net for the DTCC to prevent members from digging themselves a deeper hole trying to get out of bad trades like Citadel and Co. did in February & March. Citadel's & Co. liquidity is going to get tested again next Thursday.** + +The current NSCC-002 liquidity requirements read as follows: + +https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf + +ā€œUnder the current Rule 4(A), NSCC performs calculations **on a monthly basis**, no later than the fifth day prior to an Options Expiration Activity Period using activity observed over a 24-month lookback period (defined in the current Rule 4(A) as the ā€œSpecial Activity Lookback Periodā€).ā€ + +Essentially DTCC members currently only have their liquidity tested once a month right now. The way 002 is currently designed a margin call through the DTCC could only happen once a month. + +ā€œOn any Business Day between calculation dates, if NSCC observes an increase in its liquidity needs that exceeds a predetermined threshold amount, it may call for an additional deposit from the Member whose increase in activity levels caused (or was the primary cause of) such increased liquidity need (defined in Rule 4(A) as ā€œSpecial Activity Liquidity Callā€).ā€ + +Above is what happened to Robinhood in January. The DTCC can on any business day look back at a members 24 months liquidity needs and request supplemental capital to cover off new highs in that members volatility. Robinhood and Melvin were not margin called in January, the DTCC simply asked them for more money because a **METRIC FUCKLOAD** of users weā€™re trying to buy security on Robinhood and it exceeded their liquidity threshold and Melvin was way too deep in the shorts. They presumably shut down buying knowing it was going to climb into Uranusā€™s orbit. This is the likely explanation for Citadelā€™s handout to both organizations. + +The purpose of the amended NSCC-002 is simply to change the liquidity test from monthly to daily. Great, doesnā€™t hurt to keep an eye on things at all times. +So letā€™s look at the options expiry dates this year: + +Month| Options Expiry| Latest Test Date| $GME Low| $GME High| +:--|:-- |:-- |:-- |:-- +January| January 15th| January 7th| $15.02| $19.45| +February| February 19th| February 11th| $48.22| $55.32| +March| March 19th| March 11th| $232.60| $281.50| +April | April 16th | April 8th | $151.25| $160.20| +May | May 21st | May 13th | ??? | ???| + +Despite the mass hysteria in January the price difference between their test dates was $19.45 and $55.32. Highly unlikely a margin call would have been put out for any of itā€™s members but Robinhood and Melvin would have been asked for supplemental deposits due to the peak. + +In March I believe we were perilously close to the MOASS. The day prior to the DTCC liquidity test the price hit $348.50 before tanking down spectacularly. **Without knowing the price threshold for $GME itā€™s impossible to know how close they were to being margin called. This coincidently is the same time period we begun trending at the max pain threshold (FUCKING COINCIDENCES AMIRITE?). I believe someone long on $GME tried to test the MOASS on March 10th.** + +Now, what the fuck happens now? Well if youā€™re a TA guy the wedge of our mother of all wedges closes next week around $160/$165. If we use the slope of this wedge as our **POSSIBLE** margin call line then I believe Citadel may be getting dangerously close to a margin call if they havenā€™t already (CANā€™T SOLVE FOR X QUITE YET). If we dig into the DD below a little more then the linear slope for a margin call would suggest the price to get called is $138.61 on May 13th but we cannot validate this because we donā€™t work for Citadel. + +https://www.reddit.com/r/Superstonk/comments/n5trot/i_dont_to_tout_the_horn_without_knowing_anything/ + +**Now for the fun part.** If you like confirmation bias and jacking your le teteā€™s then look no further then the king himself. + +https://www.reddit.com/r/Superstonk/comments/n5onlu/dfv_tweet_from_april_15th_people_dont_like_dates/ +EDIT: This got way more attention than Iā€™d assume it get! Thank you SO much to everyone who has offered advice and their experiences. I am trying to reply to everyone but itā€™s getting hard but Iā€™m reading everything and truly appreciate your comments! Happy Holidays and Merry Christmas :) + +I hope in the future I can use my experience to also offer advice and support to someone in my similar situation in the future! + +EDIT 2: I believe I got enough advice so thank you everyone! I will leave this up in hopes that in the future if someone is experiencing something similar and uses the search function, my post and comments from everyone may prove helpful for them as you all have been for me! + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +Hi - first time poster here. Apologies if this gets long... TL;DR at bottom. + +So I live in a household of 4 and I normally pay everything online for my share of bills so I rarely get any mail aside from junk as I mainly am paperless for everything. + +Today (as in 12/24) I just found out I apparently had mail for me from a collection agency on 11/26 so a month ago but I just received it now. + +Anyway, I logged onto my Kaiser account as the collections agency is saying itā€™s an unpaid bill from Kaiser, and I look at my entire billing history. + +They said the amount charged was posted for a 8/19 visit and I see I did pay in person on 8/19 so the dates are correct there. + +However, thatā€™s the only amount for that date and I have proof itā€™s paid. The two amounts they are stating for that date is nonexistent on my account history. + +They say the reasoning is they tried to reach me and since there was no response, Kaiser sent my bill to them based off their letter. + +However, I remember a different visit where I did owe after my visit and I got an email so I naturally paid online. Thatā€™s why Iā€™m confused why they said that after numerous attempts to reach me, itā€™s now given to collections. Thereā€™s no email or any form of proof on my end I was given any sort of communication on a bill. + +I also did move but I set up mail forwarding and received mail from Kaiser at my new address so if they sent me something, I would have received it either physical mail or email. + +I do plan to call Kaiser first thing in the morning. I also do plan to send a same day delivery of my response in writing disputing the debt. However, Iā€™m not sure if it will reach them within those 30 days and the 26th is a Saturday - I donā€™t think they are open on weekends like normal offices and companies. + +So thatā€™s where I am in a bind. Would it be better if I called them (I know writing is best and calling is not recommended) to also inquire and dispute to at least show I did try to reach them within 30 days? + +The amount is not much and I can pay it in full immediately if it is actually legitimate. However my main concern is my credit score as itā€™s decent and I donā€™t want it to go down. If anyone could recommend what they feel is the best course of action to protect my score, I would appreciate it. + +What Iā€™m thinking of is: +Sending my dispute in writing with the fastest delivery available. +Call Kaiser as well to inquire this issue. +Call the collections agency as well. + +TL;DR: Collections agency apparently sent me mail for unpaid debt from Kaiser that I just saw. Looking at my bill history on Kaiser, there is nothing listed in that amount on that date. The only amount for that paid has been paid in full. Claims they tried to send me notice but I find it odd as Iā€™ve never had issues with receiving their mails and email. What can I do to protect myself? + +If anyone has any advice I would greatly appreciate it. Thank you. +One of the unit in my multi became vacant and I am considering ditching the low hanging ceiling fans. One in the kitchen and one in one of the two bedrooms. Any thoughts? + +https://imgur.com/a/Jy6Ra0W +I am not currently a host but I'm in a FB group tailored to host and apparently Airbnb did some update a few weeks back and people all over are freaking out about how their booking dropped.. a lot of people who were allegedly booked at 80-90 percent aren't seeing any activities for days... As a software engineer I can see this being a dev phuck-up... + +Nevertheless, I had intentions to go into short term this fall but now I'm second guessing... If super hosts are struggling imagine investing $$$ in furniture and time to only get bad results... + +I was thinking maybe arbitrage... Connecting with an already super host and do a split. Anyone want to share their experience this route... The good, bad? +I have been researching into real estate investing - MFH have been my key focus. For me, I would like to keep down payments low and pay off multiple properties over the years. I don't need money now, so very high net-cashflow isn't a priority for me. + + +My dad, however, is close to retiring and isnt going to invest in multiple 25 year mortgages- he needs high net-cash flow now that he can live off of. He has a good amount of capital that he is willing to invest (around ~$800k). + + +What's his strategy here? + +Put a 50-60% down on a commercial MFH to minimize his mortgage payments so he can maximize his gross cash flow today? + +Short term Mortgages (10-15 yr)? + +Invest together with me and buyout his share when he wants to retire/cash out? + + +What would you do if you were in his position? + + +I'm still learning and researching a lot and will likely eventually find an answer but I wanted to get some early ideas going on in the back of my mind. +My mother recently passed, and my sister and I were left with her house. Comparable properties are currently going for $180-200K. There is about $60K remaining on the mortgage and I have equal equity with my sister. I'm thinking that I'd like to look at taking out a mortgage to pay off the existing one, and to buy out my sister's share - so roughly $120K. My payment would be about $700/mo, including annual property tax. I could pay this out of my current salary if necessary. + + +My thought is to place the house with a local property management company (it's in NC, I'm in CO), with an expected monthly rent of $1400-1800. All income from the property would first go into an emergency repair fund, then either invested or overpaid to the mortgage. + + +I've never owned property before, much less an investment property. I have some completely noob questions: +1. Is this basic plan sound? +2. I know I'll have a monthly fee to the management company and insurance to be paid - are there other non-repair costs I should be concerned with? +3. If you would do this differently, what specifically would you do different? + + +Property is located in 27610 if that's important. +I'm just 22 and a work full time and go to college full time also, but, obviously I'm earning (17k-ish) a year + +How do you find a girl who wants to be with you? Because obviously, no girl wants to be with a broke dude driving an old corolla. + +I started to talk with this gal who recently came to my building at the university but the other day I saw her going with this guy on his brand new car, I mean... While my car barely runs. I just don't know what to do, I don't consider myself ugly and also, I've been hitting the gym since I was 15, it's money the only thing that matters? + +Everything is just so lonely... I can't even go out with a girl because I don't have the money to pay for a fancy place and when they realize they just stop talking to me and suddenly they're with other guy... When I come home and tired there's no one to talk with, no girl who can help me bear this difficult time. I have to help my momm and my grandma thus, I can't save enough money for a good car. I just can't. I'm doing everything on my power to help my family but at the end of the day is just so worthless. + +The pain is just so big, so frustrating, so difficult and I don't know why... Wish I could stop feeling the way I feel but I can't, I just can't. How do you deal whit this pain? What do you guys do in order to feel less miserable? What can I do to improve myself so I can have at least a girl to talk with? How do you cope with loneliness? + +Thanks for reading. +Sorry for this stupid rant but here we are. +So Iā€™ve been living in an apartment with someone I consider to be a very close friend of mine. We got a year lease and for the first few months everything was fine. About 4 months ago she told me she was having money problems and asked if I could cover for her part of the rent. Iā€™ve known this girl for years so I said yes (like an idiot) and 1 month of covering for her turned into 2 then turned in to 3. Finally during the beginning of July I put my foot down because I literally didnā€™t have anymore savings and said I canā€™t cover for her anymore and she needs to pay her portion this month plus what she owes me or Iā€™m taking legal action. She agreed and electronically paid me $2,800 ($700 for each month she didnā€™t pay) and I thought that was the end of it. + +This morning I got back from work to her being completely moved out of the apartment and a chargeback on my account for $2,800. I frantically tried calling my bank but since we used a 3rd party money app they said to contact the app instead which has so far been useless. Iā€™ve been trying to get in contact with my roommate non-stop but it appears Iā€™ve been blocked on everything. She has a step-brother whoā€™s number I have but he hasnā€™t returned any of my calls yet. I have no idea what to do and have been freaking out/crying all morning. I live paycheck to paycheck and after covering rent for my roommate the past few months my savings were all depleted. I desperately needed that $2,800 for bills, food, medicine, etc and now itā€™s all gone and I have less than $50 in my account. I feel totally cheated and scammed by someone I thought I could trust. I donā€™t make enough on my own to pay the bills so Iā€™m really desperate as to what to do. +A few questions to ask yourself: + +- Why does the price pop consistently every T+21 days? + +- Why does the price flash crash before going above $350? + +- Why have we now experienced almost three gamma squeezes with lots of abnormal downward pressure? + +- Why is the repo market blowing up and continuing to blow up? + +- Why have banks + Citadel been told to bring sleeping bags to work and been not allowed to leave since mid April? [Just a joke about the sleeping bags lol. They have been "busier than usual" on google analytics for the nights and weekends] + +- Why are the DTC, ICC, and OCC all prepared for massive defaults in the financial world? + +- Why does Crypto dump prior to every T+21 cycle? + +- Why have other subbreddits been taken over and peddle other stocks which go on insane runs prior to GME taking a hit? + +Lots more to list of course! As well as all of the DD and AMAs! + +They haven't covered in my eyes. + +One of them on Kenny's team isn't accepting the /forfeit vote. +šŸŖ Website: [https://sportemongo.com/](https://sportemongo.com/) + +šŸ“ŗ TG: [https://t.me/SportemonGoBSC](https://t.me/SportemonGoBSC) + +šŸ’² CG: [https://www.coingecko.com/en/coins/sportemon-go](https://www.coingecko.com/en/coins/sportemon-go) + +&#x200B; + +To the best community BSCscan have seen in a long time! + +Join the TG and have a chat, VC is open almost 24/7 and manned by the team and mods. + +AMA every day with Ricky and Corey Jackson. + +&#x200B; + +Augmented Reality Gaming Powered by Unity Engine + +ā€¢ šŸ‘½ DOXXED FOUNDERS (Linkedin, newspapers, history is all there) + +ā€¢ šŸ‘¾ 20 YEARS EXPERIENCE IN SPORTS/GAMING INDUSTRI - (Massive network of contacts) + +ā€¢ šŸ“„Whitepaper + +ā€¢ šŸ”œ LIVE AMA EVERY DAY by the founders Ricky and Corey Jackson + +&#x200B; + +Announcements coming this week/soon !: + +&#x200B; + +šŸ“ Partnersship: Multi-billionaire casino owner based in Las Vegas (SIGNED) + +šŸ“ Partnership: Marketing agency handling influencers with overr 170m followers (SIGNED and STARTED) + +šŸ“ Partnership: FIAT to $SGO tokens directly through the Sportemon-Go platform! (SIGNED) + +āœˆļøā€ Giveaway: Trip to Japan during the 2021 Olympics - All expenses paid! + + + + \*\*Tokenomics:\*\*Total supply: 1,000,000,000,000Burned + +ā€¢ supply; 15,000,000,000 (15%)Tax 12% (5% + +ā€¢ liquidity, 4% reflection, 1,5% + +ā€¢ development, 1,5% marketing)15% + +ā€¢ Locked future development wallet5% + +ā€¢ Locked dev wallet + +&#x200B; + +Teams previous partnerships: + +ā€¢ COCA COLA + +ā€¢ UEFA + +ā€¢ OLYMPICS + +ā€¢ UNIBET + +ā€¢ ESPN + +ā€¢ CORAL + +ā€¢ PLAYSTATION + +ā€¢ UEFA CHAMPIONS LEAGUE +More and more projects are currently being built around the theme of DeFi, and this coupled with the Non-fungible Tokens (NFTs) is leading to an increase in the volume of transactions on ETH blockchain, thus congesting the network. Inadvertently, the cost of sending tokens from one ETH wallet to another is costing more than $10, and so is making a trade on decentralized exchanges like Uniswap. As of the writing of this article, a simple trade on Uniswap needed $60 in gas fees in order to execute within a reasonable time frame. Although this might be manageable by the institutions and whales who perform large transactions, it is definitely not friendly to the layman. Just think about this ā€“ Would your mom or dad spend $60 in gas fees alone to purchase 0.25 ETH worth of $ERN tokens on Uniswap? This comes to about 13.33% transaction cost, let alone the consequences of ā€˜price impactā€™ on Uniswap. + +Now the question becomes ā€“Ā  Are there better alternatives available for our parents and the general public to purchase the popular DeFi tokens without shelling out these exorbitant transaction costs? Yes! There are solutions in the market that allow the users to use Layer-2 solutions and the DEXs built on top of them to make transactions at lower prices, but these processes involve multiple steps like sending tokens between Layer-1 and Layer-2, and these are not at all friendly to the layman.. + +On the other hand exchanges like Mandala Exchange, backed by Binance Cloud allows its users to make transactions at very low fees, while providing thick order-book liquidity. Mandala Exchange actually shares its liquidity with Binance, and this means that the orderbook at Binance is the same as Mandala. With the SAFU insurance and state of the art wallet security, the customers of Mandala Exchange can trade without the fear of losing their funds. Additionally, the wallet architecture at Binance and Mandala is the same, thus making it very simple to transfer tokens or coins between them with no fees, and take advantage of the staking options available at Binance. Binance exchange offers various staking options to its users without the hassle of dealing with transaction fees on the ETH network. + +In addition to the above mentioned benefits of using Mandala Exchange, there are many DeFi projects already listed and trading on Mandala. Creating an account on Mandala allows you to trade these DeFi tokens at substantially lower fees. For comparison, Uniswap charges 0.3% as trading fees, and this is in addition to the ETH GASĀ  fees and price volatility due to ā€œprice impactā€. Moreover, there are multiple order types currently available on Mandala that allows the users to trade tokens at their desired prices. This is not yet feasible on Uniswap. To sweeten the deal further, users can lock their $MDX tokens on Mandala to unlock discounted trading fees. These advantages at Mandala enable the users to trade DeFi cheaper than on Uniswap or any of the same. + +Over the last month or two, the Binance Smart Chain (BSC) has emerged as a strong contender to ETHā€™s dominance in the DeFi space. With near zero fees and near instant transaction time, many projects on ETH are migrating or integrating with the BSC chain to avoid the exorbitant costs associated with ETH network. Mandala Exchange plans to list the tokens available on the BSC chain, thus making these tokens accessible to its users (at a much lower cost), with the ability to transfer with zero fees to Binance in order to stake and earn.Ā  + +So with all this in mind, if you hold a small bag of $MDX here is the math: + +.05% Trading Fees with 320k $MDX @ $0.14 = $44,800 + +.05% Trading Fees with 9,000 $BNB @ $373 = $3.3M + +You could potentially save big time on trading DeFi on Mandala and then transfer to Binance for free to stake. An interesting way around the insane gas fees in the market right now... +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +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! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$25.13 / 25,43 ā‚¬** *(volume: 4684)* +- šŸŸ„ 115 minutes in: $25.14 / 25,44 ā‚¬ *(volume: 4432)* +- šŸŸ© 110 minutes in: $25.15 / 25,45 ā‚¬ *(volume: 4367)* +- šŸŸ© 105 minutes in: $25.10 / 25,39 ā‚¬ *(volume: 4278)* +- šŸŸ„ 100 minutes in: $25.09 / 25,39 ā‚¬ *(volume: 4278)* +- šŸŸ© 95 minutes in: $25.10 / 25,39 ā‚¬ *(volume: 4250)* +- šŸŸ© 90 minutes in: $25.08 / 25,38 ā‚¬ *(volume: 4230)* +- šŸŸ© 85 minutes in: $25.06 / 25,36 ā‚¬ *(volume: 4140)* +- šŸŸ© 80 minutes in: $25.03 / 25,32 ā‚¬ *(volume: 4140)* +- šŸŸ© 75 minutes in: $24.97 / 25,26 ā‚¬ *(volume: 3826)* +- šŸŸ„ 70 minutes in: $24.95 / 25,24 ā‚¬ *(volume: 3814)* +- šŸŸ© 65 minutes in: $25.00 / 25,30 ā‚¬ *(volume: 2390)* +- šŸŸ„ 60 minutes in: $24.96 / 25,26 ā‚¬ *(volume: 2390)* +- šŸŸ„ 55 minutes in: $25.08 / 25,37 ā‚¬ *(volume: 800)* +- šŸŸ© 50 minutes in: $25.08 / 25,38 ā‚¬ *(volume: 765)* +- šŸŸ„ 45 minutes in: $25.06 / 25,36 ā‚¬ *(volume: 761)* +- šŸŸ© 40 minutes in: $25.07 / 25,36 ā‚¬ *(volume: 631)* +- šŸŸ© 35 minutes in: $25.05 / 25,35 ā‚¬ *(volume: 611)* +- šŸŸ„ 30 minutes in: $25.03 / 25,32 ā‚¬ *(volume: 256)* +- šŸŸ„ 25 minutes in: $25.04 / 25,33 ā‚¬ *(volume: 256)* +- šŸŸ„ 20 minutes in: $25.04 / 25,34 ā‚¬ *(volume: 254)* +- šŸŸ© 15 minutes in: $25.05 / 25,35 ā‚¬ *(volume: 229)* +- šŸŸ© 10 minutes in: $25.05 / 25,34 ā‚¬ *(volume: 120)* +- šŸŸ© 5 minutes in: $25.04 / 25,34 ā‚¬ *(volume: 111)* +- šŸŸ© 0 minutes in: $25.03 / 25,32 ā‚¬ *(volume: 110)* +- šŸŸ„ US close price: $24.70 / 24,99 ā‚¬ *($25.09 / 25,38 ā‚¬ 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) + +DiamantenhƤnde 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'm 22, I've spent a lot of time working and saving and I have about $60,000 saved up. It's all relatively accessible so I'm looking for advise on how to put the money to work in the best way possible. +Any suggestions would be appreciated! +My new job does not provide a 401k. Not sure how the taxes/fees will apply to the money I take out from the 401k account I closed, and then move it to an IRA with the bank. +Let's say I've decided to pay off my primary mortgage of $145k. It is a 3.25% loan, about 5 years into a refi (so still plenty of interest that is coming off the top of each monthly payment). + +Let's also say that I have an extra $1,200 of income left over every month. Since this is a hypothetical, we assume that all retirement accounts are maxed, etc etc. and the $1,200 extra money is actually $1,200 extra money. + +Will I save more money by paying that extra $1,200 every month, or should I put $1,200 into a brokerage account and wait until it reaches the payoff amount, then pay it off in one lump sum? +How often do you recommend planning a vacation, and what do you budget for vacations? Do you plan smaller vacations every x months and larger vacations every year or every other year? How long are your vacations, and do you go in state, out of state, our of country how often? + +We are a young couple getting married next May and are just wondering what the norm is. +Iā€™m 30 and have never invested besides my employer Roth IRA. What else can I do to be a millionaire once I retire? I donā€™t want to struggle in my retirement like so many. +My dad worked as a college professor for close to 30 years. His retirement is through CALPERS. My mom is entitled to 1/2 of the 13 years that they were married. I get the other 1/2 + the full amount available after their marriage. My mom anticipates that I'll be receiving close to $100,000. + +Now, I'm 28 and don't have a damn clue about finances. I need to decide what to do with this money ASAP and am in desperate need of your help. I know that I don't want taxes to take 20% if I touch it, that's for sure. I also know that I would like this money to continue to grow. + +Eventually at some point I'd like to get married and buy a house, although I'm nowhere near that now. I also plan on going to nursing school at some point which could cost around $65,000, but I am hoping to get through school without touching this money if at all possible. Or should I just use it on school so I don't have debt? + +Someone please help? +My wife and I got married last year and she has about $75k in student debt. About $29k of that is in a tier with high interest rates (about 5.9%) that will basically have us paying those for the next 30 years unless we were to pay them off. + +I have the ability to pay that high tier rate off now but it will wipe out a decent chunk of our savings leaving only about $30k left behind. My advisor is recommending that we do pay those off now while we have the ability to do so to save in the long run but Iā€™m hesitant. I may be overly optimistic when it comes to student debt forgiveness but I have this fear that Iā€™ll pay off a huge amount and then a decent chunk of student debt will be forgiven leaving me out the ~$30k lump sum payment Iā€™m considering making now. + +Just wanting a second opinion on this as I am mostly relying on my advisorā€™s projections and numbers heā€™s provided. + +What is everyoneā€™s opinion on how to approach student debt of that amount? +So many times I hear people using the phrase ā€˜this is not financial adviceā€™ followed by a whole list of things that have worked for them. I hear this from family, friends, colleagues, employers, influencers & the list goes on. It leads me to believe genuine financial advice just being very basic stuff. Invest for the long term , overpay your mortgage, donā€™t take any big risks, start investing in a pension early etc. +For those who sell covered calls against LEAPS as a kind of ongoing PMCC strategy, how much of your initial LEAPS cost do you typically make back or target by the time the LEAPS expire? How far out do you buy and sell the options? Curious about yā€™allā€™s experience with that since it seems to be a strategy where back of the napkin math seems like youā€™d be able to make back at least 35-40% of the LEAPS cost over the course of a year of selling CCs. Really trying to compare this to the traditional covered calls against 100 actual shares approach. +Good Morning Apes! + +The Market is coming back a bit this morning, up .71% from close yesterday, but with China's Market re-opening tomorrow we may see more instability in the latter half of the week. Today is T+2 from all those ITM calls on Friday, a large number of calls were likely exercised between the 160, 170, 195 and 200 strikes some of that gamma exposure should be covered today. Additionally today is T+2 from the futures expiry date. I expect we could see some effect from this but for a better idea of my current [working thesis check out this video.](https://youtu.be/F68fQLHn0Zo) + +For more information [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +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) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(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 Market. + +Strong dip into close as the it appears nobody wanted to carry the S&P overnight. We could see some major downside tomorrow if Chinese markets tank tonight. Should be some nice dip buy opportunities. Thank you all for tuning in, see you tomorrow. + +https://preview.redd.it/moxb7khoxwo71.png?width=695&format=png&auto=webp&s=e36b99a4ccb0a24d9719bc95b99eb3450b163db5 + +Edit 9 3:37 + +Nice rally up to 193 then right back down again this time shorting not because of market action + +https://preview.redd.it/uyqtkbwxswo71.png?width=1581&format=png&auto=webp&s=a2f6e8aec0aeec790d15d7baaceb07ccc99b5135 + +Edit 8 1:50 + +Coming in for another test at 190, little more volume on this + +https://preview.redd.it/607zspes9wo71.png?width=1578&format=png&auto=webp&s=d559d1e5d6b6ef8972647e748d6e1f55f2d20ef9 + +Edit 7 1:20 + +130k shares returned to IBKR causing a small run to another failed test at 190 + +https://preview.redd.it/mg0wllle4wo71.png?width=1576&format=png&auto=webp&s=73faee226ec6023679f099e006fef56b9b09ec81 + +Edit 6 12:47 + +GME trending down after a decent short to push us back from that resistance test. Also, SPY forming a big head & shoulders looks like we might see a dip soon. + +https://preview.redd.it/3n4hm2ypyvo71.png?width=1593&format=png&auto=webp&s=337a8c35cd46f237fc83e6d9671f27e9d4e305c5 + +Edit 5 12:00 + +Testing 190 but volume drying up at the resistance + +https://preview.redd.it/3nu9e8v6qvo71.png?width=1594&format=png&auto=webp&s=ddea7980f3dc5fb2773a1b6bdfccbf222d3a7ec1 + +Edit 4 11:38 + +SPY coming back just crossed VWAP, we'll see if it can hold support. GME turned around on 186 and coming up a little. They market is just dragging us around with only 1.47m volume today. + +https://preview.redd.it/3pwyr117mvo71.png?width=1591&format=png&auto=webp&s=7ad8cd960a460eb32d6cbf7ee90325491be8690a + +Edit 3 11:13 + +Found some support at 187, the S&P struggling to regain it's foothold above the 435 correction zone. + +https://preview.redd.it/tie0dx17ivo71.png?width=1599&format=png&auto=webp&s=87fc2a788f32fbc0f8533fbebafec454ad07188c + +Edit 2 11:00 + +Spy dropping again GME following suit looks like another down day + +https://preview.redd.it/ea66v8uzfvo71.png?width=1602&format=png&auto=webp&s=0748891ab8c307d568e3aa96f15f2f63138fe678 + +Edit 1 9:45 + +Morning short turning around with the market just surging looks good for some upside movement if we ge the volume to break through resistances + +https://preview.redd.it/d3o4n8ja2vo71.png?width=1585&format=png&auto=webp&s=52a3b5259361556ce9b984234e83c4d8c6198b2d + +# Pre-Market Analysis + +Yesterday's dips left us with a couple gaps to fill up to 204. Fidelity and IBKR sitting on 375,187 shares to borrow, clearly showing the shorts took advantage of yesterdays market dip in order to bring the price down just a little harder. 11.63k shares traded so far in the pre-market indicates we are in for a moderately low volume day. Our move back up into close yesterday put us right back above our long-term trend however so the effect was nominal and positioned us well for a bounce. + +[GME pre-market 1m](https://preview.redd.it/obde7koiquo71.png?width=1585&format=png&auto=webp&s=1f4d50695f03a5db2d78078dd11865453a62126e) + +SPY is coming back as well moving up towards it's 60EMA if it can cross back over 439.71 today we could see it surge upwards for the rest of the day. + +**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/) +The new eight-count indictment, adding a conspiracy charge, sheds more light on the e-mail communications between Shkreli and his former corporate lawyer, Evan Greebel, who is accused of covering up securities fraud. A court hearing on the case will be held later today. + + +[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. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ 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!* +Recently some people in El Salvador have started protesting against Bitcoin legal tender again. This time some of them have vandalised some buildings and burned a BTC ATM. Thousands of people are protesting, ~~looks like someone is paying them to do this since they always have a option to use FIAT~~ Iā€™m sorry this came out little strong from my side. I do agree they should have educated people before forcing this tender on them. + +El Salvadorā€™s President Nayib Bukele Tweets on Vandalism: + +https://twitter.com/nayibbukele/status/1438252113272918022?s=21 + +https://twitter.com/nayibbukele/status/1438261446203281415?s=21 + +Video of people vandalising property and burning BTC ATM: + +https://twitter.com/aussiehodl/status/1438313091796639745?s=21 +You may have wondered if GME or AMC was the right choice at some point. Older apes know the answer, but let me give you a different point of view. + +During the entire interview with u/dlauer, CNBC kept showing "reddit coments", but somehow ALL of them were about selling everything and diving in AMC(gamestop was hardly mentioned). + +This cannot be random! If you take notice of comments in Superstonk, no even from the AMC sub, even they talk about GME, but somehow CNBC shows a bunch of comments all selling and throwing all in AMC. + +Think Ape! Think! Why would they want you to see that? + +I'm as smooth-brained as the next monkey, and I can't even write finanal advice, let alone give it, but this banana smells like Shit from Adelle. + +Trust your jacked tits and hold! + +EDIT: TO WHOMEVER GIVES ME AWARDS... Thanks and I hope you get a million tendies for each award you've given! +I pay off the balance in full every month and have great credit (750+). Right now I have an Amazon Visa that effectively pays back 2% on Amazon purchases and 1% everywhere else. + +Edit: 3% on Amazon purchases, not 2%. +As above, for those who earn high incomes and have disposable cash, where are you putting it in these financially uncertain times, with inflation touching 8-9% cash is being eaten up, but at the same time putting it into stocks or crypto could result in even more of a decrease. + +What is your strategy to protect your wealth? + +Edit: I was requested to add figures, my question is aimed at those who earn Ā£7-10K+ per month or have a few thousand disposable at the end of each month to invest with. +Driverfaster made a post [here](http://www.reddit.com/r/Economics/comments/eqs8t/fuck_reconomics_i_want_a_place_for_real_economics/), lamenting the absence of a serious economic discussion. I replied to Driverfaster, promising that I will discuss one with him/her. So here it is and I hope this discussion will give Driverfaster and others the pleasure of discussing. +------------------------------------ +[Disclaimer]I am an Austrian economic boy[/end Disclaimer] +All of my writings thereafter are the reflection of my understanding of economy. If there is a error or misquote, the mistake is all mine. +------------------------------------ + +Let get start with the fundamentals of the economy and economics. Economy is the sum of the all human activities. Economics is the study of how humans act to achieve their desires through production of a tangible or intangible, the understanding of a mean to an end. + +Economics is a value-free science; economics cannot determine which end is more praiseworthy than another. Whatsoever reason the person pursues for, it is the means, i.e., actions that determine if the pursuit is economic or not. The determination of value or ethical of the end or desire belongs to the realm of Ethics. Aforementioned statement does not mean economics exist in vacuum, as a stand alone, but to be one field of science among other sciences in human knowledge that the human uses in whole to evaluate a life choice and the nature of the universe. + +As I mentioned in disclaimer, I am an Austrian therefore my understanding of economics is influenced by that school of thought. Economics start with the basic a premise: human acts. It is a given statement, a prior. It is the individual action that all economic analysis must starts with; there is no group without individuals. Human society is interdepartmental structure. A hermit may thinks s/he is independent from influences of human society, however a person can come into the hermit life and interacts with the hermit one day. + +Economics is a field of science where experiment is not the efficient way to demonstrate a theory but reasoning and understanding of human nature are. Other field of sciences such as physical science can have controlled experiments to disprove or prove a hypothesis. Social science, where economics belong to, can not have a controlled experiment; a human society cannot be subjected to a controlled experiment because by its nature, human society is chaotic. An equation cannot predict or determine a human action. Human being cannot be reduced into an equation. Who is to says human A worth more than human B? Therefrom, a best way to develop an understanding of human activity is through reasoning of human behavior and consequence thereof. + +Humans can be either irrational or rational in face of economic obviousness; it is a nature of human to be governed by passion and reasoning, which one of the twos are stronger than another in certain times. Economics cannot assume that humans will pick the most economic activity; economics only can say this is activity is better than another because A produces more economic result than B. In no way economics can dictate a human to choose B or A, that is for the fields of ethics and politics to deal with. That why from time to time, humans sometimes do a very stupid and uneconomic activity such as government intervention, manipulation of prices, build inefficient factory, purchase useless land for farm, buy a higher priced good from relative than a cheaper good from stranger, and many others. Market is not perfect and is never at equilibrium. Humans always change their preferences and activities always change. Heraclitus said it best, *The only constant in the universe is that there is no constant* + +The value of good or service to a person is determined by that person's judgment. The value of good or service is determined by the usefulness of that to the person. The price of the product or service may be less than the cost of production such as promotional price, discount, or end of season sale, or may be greater than the cost to have profit, to reflect scarcity, or to respond to the demand. That is one of reasons why Karl Marx's theory of labor is incorrect. Marx assumed in his series of work, *Kapital*, that the value of product or service is determined by the input of the labor. A famous response to that theory is diamond; why diamond worth so much if one finds a diamond on the ground effortlessly? Diamond worth so much because the value the people give to the diamond based on beauty, color, history, cutting, location, or sentimentality. +------------------------------------ + +I think I have started plenty of topics to discuss to satisfy Drivefaster's desire for a real economic talk. I hope this will lead a good discussion or perhaps redditers will doom it to oblivion. +Driverfaster made a post [here](http://www.reddit.com/r/Economics/comments/eqs8t/fuck_reconomics_i_want_a_place_for_real_economics/), lamenting the absence of a serious economic discussion. I replied to Driverfaster, promising that I will discuss one with him/her. So here it is and I hope this discussion will give Driverfaster and others the pleasure of discussing. +------------------------------------ +[Disclaimer]I am an Austrian economic boy[/end Disclaimer] +All of my writings thereafter are the reflection of my understanding of economy. If there is a error or misquote, the mistake is all mine. +------------------------------------ + +Let get start with the fundamentals of the economy and economics. Economy is the sum of the all human activities. Economics is the study of how humans act to achieve their desires through production of a tangible or intangible, the understanding of a mean to an end. + +Economics is a value-free science; economics cannot determine which end is more praiseworthy than another. Whatsoever reason the person pursues for, it is the means, i.e., actions that determine if the pursuit is economic or not. The determination of value or ethical of the end or desire belongs to the realm of Ethics. Aforementioned statement does not mean economics exist in vacuum, as a stand alone, but to be one field of science among other sciences in human knowledge that the human uses in whole to evaluate a life choice and the nature of the universe. + +As I mentioned in disclaimer, I am an Austrian therefore my understanding of economics is influenced by that school of thought. Economics start with the basic a premise: human acts. It is a given statement, a prior. It is the individual action that all economic analysis must starts with; there is no group without individuals. Human society is interdepartmental structure. A hermit may thinks s/he is independent from influences of human society, however a person can come into the hermit life and interacts with the hermit one day. + +Economics is a field of science where experiment is not the efficient way to demonstrate a theory but reasoning and understanding of human nature are. Other field of sciences such as physical science can have controlled experiments to disprove or prove a hypothesis. Social science, where economics belong to, can not have a controlled experiment; a human society cannot be subjected to a controlled experiment because by its nature, human society is chaotic. An equation cannot predict or determine a human action. Human being cannot be reduced into an equation. Who is to says human A worth more than human B? Therefrom, a best way to develop an understanding of human activity is through reasoning of human behavior and consequence thereof. + +Humans can be either irrational or rational in face of economic obviousness; it is a nature of human to be governed by passion and reasoning, which one of the twos are stronger than another in certain times. Economics cannot assume that humans will pick the most economic activity; economics only can say this is activity is better than another because A produces more economic result than B. In no way economics can dictate a human to choose B or A, that is for the fields of ethics and politics to deal with. That why from time to time, humans sometimes do a very stupid and uneconomic activity such as government intervention, manipulation of prices, build inefficient factory, purchase useless land for farm, buy a higher priced good from relative than a cheaper good from stranger, and many others. Market is not perfect and is never at equilibrium. Humans always change their preferences and activities always change. Heraclitus said it best, *The only constant in the universe is that there is no constant* + +The value of good or service to a person is determined by that person's judgment. The value of good or service is determined by the usefulness of that to the person. The price of the product or service may be less than the cost of production such as promotional price, discount, or end of season sale, or may be greater than the cost to have profit, to reflect scarcity, or to respond to the demand. That is one of reasons why Karl Marx's theory of labor is incorrect. Marx assumed in his series of work, *Kapital*, that the value of product or service is determined by the input of the labor. A famous response to that theory is diamond; why diamond worth so much if one finds a diamond on the ground effortlessly? Diamond worth so much because the value the people give to the diamond based on beauty, color, history, cutting, location, or sentimentality. +------------------------------------ + +I think I have started plenty of topics to discuss to satisfy Drivefaster's desire for a real economic talk. I hope this will lead a good discussion or perhaps redditers will doom it to oblivion. +Hi all, + +For some context, me and my dad have saved up enough to purchase a Tesla Model 3 \~74,000 AUD. We've put down 300 dollars deposit and are waiting for it to come (should be about 3 months now). + +I've been kicking myself for not getting into electric vehicles for the rise in petrol prices ($2.30 now for 91 which is ridiculous), driving costs are now sky high and it's getting harder to fill up the petrol tank or take the family for a road trip on a day off. + +However, all things considered, I'm beginning to get cold feat. The vehicle we have on pre-order is great, its the long range model which I think is about 600 km. The technology however appears to be rapidly advancing; I heard there's a 1200 km model being developed which is planned for a 2023 release! + +Do you think it's the right time to buy a Tesla or electric car? Or do you think we should wait till prices cool off and a longer range model hits the market? + +Thanks +The company I work at is gathering feedback from employees about possibly moving from a fortnightly pay schedule to a monthly one. + +Personally I really enjoy getting paid every 2 weeks. It makes budgeting a lot easier and I'm sure will benefit those who aren't financially literate. + +What are your thoughts on being paid monthly? + + +This is something that has been occurring to me for some time and I thought Iā€™d lay out my thoughts to the fellows on reddit. + +Itā€™s a national hobby to complain about house prices but I think this might be a case of canā€™t see the forest from the trees. My opinion is that the house is actually just a proxy for the individual, and the house price valuation is the product of debt to the individual. Our monetary system is predicated on credit expansion to fuel growth. In other words, declining western nations are using the age old and oft repeated mechanism of devaluing their currencies in order to spend money they donā€™t have, to pay for the things we want. We canā€™t just print it. Weā€™ve built it into our monetary system to use debt and currency debasement. So the system needs debt to go to the citizen. It wants the debt to go to the citizens that earn and can service the debt, since the currency debasement needs to be an ordered decline (target inflation) not a hurried route (hyperinflation). The system also wants no defaults on the debt, so it needs to be collateralised. + +So we have this debt that we need to get to the citizen, but people are fallible and need to be properly motivated to service the debt. They need something that means something to them, that is important to them. The home is the perfect mechanism. So the home becomes the collateral for this debt that needs to get to the citizen. As the system rolls on, the amount of debt that each citizen accumulates needs to ever increase, to fuel our economies predicated on consumption via debt expansion/currency debasement. For this ever increasing debt burden to maintain the relationship to its underlying security, property prices need to increase. Canā€™t have more debt without the underlying security being revalued higher and higher. + +Its not about the house price, its about the debt and the individual. The fact that house prices have become linked to this system is a factor of convenience rather than a function of land value and build cost. What else could we have used? It has to be something meaningful to the consumer, that holds strong emotional and functional value. That can be possessed and sold on. That can be inflated to meet the inflationary needs to the debt. +*Not a financial advice.* + +I have been using TDA for a long time, and now I have lost complete faith in this fraudulent broker platform. + +Below I will discuss all the bad practice conducted by TDA that caused me to lose all the trust on them. + +1. PFOF +2. Fraudulent routing for retail IEX order. +3. Limitation of limit sell order. Plus, they reserve the right to make any rule change to sell order. + +# PFOF + +I know that naked short selling is the biggest fish that we are chasing after. But, PFOF does play a significant role in preventing true price discovery. In a quick summary, naked short sell actively suppress the stock price. And PFOF prevents the passive organic price growth. + +Let me start with some confirmation from legit person. Below is [Dave Lauer's comment on TDA](https://www.reddit.com/r/Superstonk/comments/p882qd/this_what_says_dave_lauer_about_td_ameritrade/). For those who has used both TDA and Fidelity, you surely will notice that Fidelity has superior fill price compare to TDA. + +[TDA is just as shitty as RH. That tells a lot!](https://preview.redd.it/o1ufa7jnlri71.png?width=1071&format=png&auto=webp&s=2a864ef01c6d1eae345401db8a1ba866ba9132fb) + +&#x200B; + +# IEX Routing + +IEX is famous for the physical barrier of miles long fiber optical cable in front of server. This prevents High Frequency Trading Algorithm to front run retail order. Many people thought this is the only benefit compare to other lit exchange. + +**However, there's more!** + +In a [2017 IEX research](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjI4oKB8sLyAhVbGTQIHeQ8CrAQFnoECAYQAQ&url=https%3A%2F%2Fiextrading.com%2Fdocs%2FA%2520Comparison%2520of%2520Execution%2520Quality%2520across%2520U.S.%2520Stock%2520Exchanges.pdf&usg=AOvVaw3CsEgdv-3-7jRr7OOGOlrB), it discussed all benefits provided from IEX. I am only going to focus on price discovery here. Look at this graph. **Extraordinary price discovery improvement!** This is just to show how important for us to use IEX routing. + +[Fig 9 from \\"A Comparison of Execution Quality across US Stock Exchanges\\"](https://preview.redd.it/dw9tt2tqori71.png?width=750&format=png&auto=webp&s=801b3febfdd70154c117541328b8853f95a30eee) + +# + +# However, TDA Does NOT Direct Route to IEX + +That is it. A simple fact that has been confirmed by many apes. [See this post](https://www.reddit.com/r/Superstonk/comments/p86syw/well_fuck_ameritrade_i_confirmed_it_too_they_send/). Surely I have also confirmed this myself (always trust but verify). + +[Chat with TDA confirming NO Direct Routing to IEX](https://preview.redd.it/lj7nffy4qri71.png?width=750&format=png&auto=webp&s=40cd8fcf561e7e1250a36a81e8c793c2b657127a) + +&#x200B; + +**To me, this is illegal. So, I reported this to SEC.** + +[Reporting to SEC for illegal handling of retail trade order](https://preview.redd.it/dd79td1qqri71.png?width=1139&format=png&auto=webp&s=b643d93d8622429b1aa3699df1ac3f0716fc68cd) + +# + +# + +# TD Ameritrade is NOT MOASS Ready + +I have been giving TDA the benefit of doubt for too long. And this is it. I am not trusting TDA anymore. + +In May, Fidelity opened up the limit sell order to allow sending order with 600% range from the current mark price. At that time, TDA limited retail to only able set sell order within +/- $250 of mark price. + +I immediately provided suggestion to TDA and hope they will follow the practice. + +[Chat with TDA on limit sell price setting](https://preview.redd.it/qx8ta5lnsri71.png?width=750&format=png&auto=webp&s=8b388b74a82aa53d48607f98a3b8ffee03549bad) + +[Promise from TDA to make improvement in May](https://preview.redd.it/thj882vpsri71.png?width=750&format=png&auto=webp&s=b5b78ac56a29e37f627c8729eb3714e0140d0a6d) + +&#x200B; + +Today, I tried to see if such improvement has been made or not. Guess what? + +**TDA fucking tightened the allowed price setting for limit sell order.** It now only allows 3% from the current mark price. And worst of that, they are blaming market maker for this limitation. + +[Blaming Market Maker](https://preview.redd.it/jlchnpibtri71.png?width=750&format=png&auto=webp&s=9ed1f0b757720e6a1f333917a94b26e04cec2dd5) + +[Only 3&#37; allowed, and they reserve the right to make any change without notice](https://preview.redd.it/2zrkf81dtri71.png?width=750&format=png&auto=webp&s=5145ddf2ba361ec6f6428abb4a69502b603320ec) + +&#x200B; + +# TDA does NOT hold your sell order for you on their server + +**Supposedly, there is a work around. But shit you not, it does not work anymore.** + +You were suppose to send in conditional limit sell order to ask TDA server holding your order and to only send it to exchange when it is within the allowed 3% range from mark price (set by market maker). But, as of today, it does not work. This used to work in May. I tired it before. + +On top of that, TDA support didn't know such function has been revoked. + +**Order will get rejected** even if using conditional. + +[Attempt on setting conditional limit sell order for server to hold for me](https://preview.redd.it/7ql1dnafuri71.png?width=750&format=png&auto=webp&s=19e854785a94a4bba634246e21ebe22dcf4a9cfe) + +[Support didn't know such work around has been revoked.](https://preview.redd.it/c9yvq5ojuri71.png?width=750&format=png&auto=webp&s=3fda520ad8a2d5837565a3822a03dbe6c839e532) + +&#x200B; + +# TLDR; + +**GET THE FUCK OUT OF TD AMERITRADE NOW.** + +**TDA will fuck you over during MOASS.** + +&#x200B; + +# Edit: + +Many have asked "move to where?". My honest answer is that I don't know. No one knows... But, here is a list of broker to get started. And also a list of broker action history during Jan event. + +[https://www.reddit.com/r/Superstonk/comments/mowzjk/the\_broker\_preparation\_guide/](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) + +[https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Lot people also said to go to ComputerShare. [Here is a post I wrote](https://www.reddit.com/r/Superstonk/comments/p3r5c8/purchasing_with_computershare_new_user_takes_3/) on how to purchase through ComputerShare. And the interface and trading option will looks like below. + +https://preview.redd.it/xcj8h8rv5ui71.png?width=1188&format=png&auto=webp&s=1c102fb2da33fd24e596ab1fab1764df15fbe042 + +# Edit 2: + +**According to** u/WhatCanIMakeToday, **you are able to set "contingent order" through vanilla TD Ameritrade website ONLY. For the first time user, it will ask for your permission to enable this feature.** + +[Work Around](https://preview.redd.it/hb5yh4bk1ui71.png?width=867&format=png&auto=webp&s=6006ede7f5631a615c0fb41cb56b422f2e2ff2da) + +Once enabled, this feature can be confirmed in your profile setting. *(This shit needs TradeMark?, what a joke).* + +[Profile Setting](https://preview.redd.it/t0i8y46y1ui71.png?width=575&format=png&auto=webp&s=3ad367e2dbc126049aa0dee27decb9a534f0b25f) + +Then, **this order can ONLY be seen in TD Ameritrade website.** It is NOT visible in TDA Mobile App, NOT in TOS desktop, and NOT in TOS mobile. + +https://preview.redd.it/ldc45z8q2ui71.png?width=1158&format=png&auto=webp&s=e22f7f07fe070c3248beccd5b6bd488db93cfc47 + +This is indeed a working solution, but I recommend to keep monitoring this because TDA clearly reserves the right to make any change on this function. (Chat support said this). +For those waiting for $3m+ before retiring: why? +For those looking to retire on $300k: how? + +I'm not here to judge. It's just fascinating that there is such a wide range of what is considered "FI" (not to mention RE-level) on this sub. The range highlights that the $1m goal many of us have is mostly arbitrary. + +I'd love to hear why some people are comfortable with $300k and others wouldn't dream of retiring early until they have at least $3m. +And because of that, it will not be taken seriously. Not for a long time. We buy shitcoins for a pump, we dump good coins to follow whales, we inspire others to join in not for the sake of the idea of crypto and what is can be but the opportunity for making a quick buck. We pretend people will catch on and finally just pick and stay with a coin they believe in, but crypto wont trully hit its potential in use until we stop dumbing it down into a get rich quick scheme. I want to use our cryptos anywhere i go but people became hesitant to even adopt it nowadays. + +Edit: im not going to reply to everyone but some of you should atleast skim through the thread to atleast see if your talking point you wrote is already made by another user. + +Those who simply just come and say "youre wrong" without even an argument to back it up. Youre a waste of time. + +I have my opinion on this and it can change but im really not going to change it until the community itself changes. Some of you try to justify this way that were proceeding but you simply arent thinking of others imo, just yourselves and your understanding of the current market which allows you to capitalize on it. Profit on it. And blame others for the weaknesses crypto has. + +If you dont want to atleast to see another light of a topic because youre adamant on keeping your own point of view in tact, just ignore this post completely. Theres enough people already circlejerking the same talking points regardless if theyve been proven wrong or inconsistent. So please talk about something that helps create understanding or good arguments for future use. Thats all i have left to say. + +I wish you all the best and i hope we make it in the next 10 years. +I have close to $200,000 in medical debt. + +I own a home but no other significant assets. I plan to file bankruptcy. I contacted the hospital to negotiate a payment plan and they offered to cut it down to 24,000, but that's still a ton of money for me. I only make 30k a year. + +I won't lose my home in the bankruptcy, but my credit has went from upper 700's to low 500's. + +What's the best way to begin repairing the damage? + +How long will it take? + +My wife has a 740 credit rating, are there any tricks to use her credit to fix mine with out hurting hers? +I know people preach the end of days perpetually, but given everything thatā€™s going on I think a recession is incoming. Iā€™ve never been an adult during a recession but early days of COVID had investing opportunities that I failed to see. Im not going to miss whatā€™s next. Recessions suck, but for an investor itā€™s an opportunity. + +With that being said Iā€™m on the lookout for good investment opportunities. Not buying a house while things are peaking. + +For other investments im looking at electric freight like hyliion and some others. + +What are you gonna jump on in the case of a recession? +Hey friends- was looking at Mint today, and realized that as of today, wife and I just passed $500k NW! With how hot the housing and stock markets are and the odds of a correction/recession occurring in the near term seeming to be somewhat inevitable, I realize that this may be a temporary thing and a lot of our NW could vanish overnight, but it's exciting to see the progress we've made so far. And as I read in this sub all the time, I have literally no one else to share the good news with other than my wife- and she's definitely sick of hearing about our NW from me :) So thought I'd share with you good people who get it and can appreciate it because we're all working and striving towards similar goals. + +**Background** + +My wife and I discovered FIRE back in December of 2018 and realized we'd already been largely living and saving that way out of habit, but didn't realize there was a whole community built around the idea of freedom from financial independence. What really blew us away was that when we ran fairly conservative numbers, we realized that the idea of being in a position where we didn't "have" to work by the time we were in our mid to late 30s, could actually be a reality if we made a plan and stuck to it. We're generally fairly frugal people, but like a lot of people on this sub (and millennials in general it seems), we really value traveling, trying new places to eat (if it fits in the budget), and fitness. So most of our discretionary spending goes towards those things. Essentially everything else goes towards saving and investing. + +&#x200B; + +**Current Income**: \~$170k/year (in Sales), wife is SAHM. Started at \~$75k coming out of college (also in Sales) + +**Asset breakdown** + +\-$150k in home equity (owe $335k on our loan, home value is around $485k) + +\~$130k in company 401k (combination of traditional, Roth, and some after-tax contributions) pretty much all invested in low expense ratio Vanguard S&P 500 funds available in my plan + +\~$100k in Roth IRA accounts (includes both my IRA and my wife's IRA)- mixture of individual stocks and ETFs- probably about a 2:1 ratio + +\-$55k in taxable brokerage accounts- half ETFs/index funds, half individual stonks + +\-$27k in HSA account (invested in Vanguard total market funds/ETFs- almost identical to 401k selection) + +\~$32k in checking and savings ($25k for Emergency fund) + +\-$6k in crypto (the FOMO is real haha, but followed a rule of thumb I heard, and invested no more than 1% of net worth, being totally okay with losing it all- invested $4k total at the time) + +\-Not sure whether to count them as assets, because a car is hardly an "asset" in my book, more like a necessary liability haha, but paid cash for our two old and well-used cars (my Dad raised me to always buy used- "a new car loses a third of the value when you drive it off the lot!"- when we bought them several years ago. Each is probably worth about $3.5/$4k, so we'll say an additional $7k from our cars + +**Where we had help** + +I feel like it wouldn't be fair to not mention that while my wife and I both worked in college and have saved religiously since we were poor students together, we both went to a very low-cost university and she and I both got help with rent from family (I stayed in a family member's apartment, her parents paid for her accommodations until we were married). This allowed us to graduate debt free, which I realize with how much college costs nowadays, is a major privilege and blessing, and definitely allowed us to start investing and saving earlier as we didn't have to worry about paying down student loans. The other huge help we got was from my parents when we bought our first home. My grandparents helped fund my parents downpayment on their first home, and my Dad wanted to pay it forward and do the same for his kids. For us, this equated to a very generous $40k gift to help us get into the housing market and put 15% down without forcing us to sell major stock investments. We would have liked to put 20% down initially to avoid PMI, but didn't want to sell stocks if we didn't have to. Luckily, with home prices rocketing across the country and ReFi rates being as good as they've been, 6 months after buying, we were able to refinance at a better rate and get the dreaded PMI waived. + +**What next?** + +If you've made it this far, congratulations. Our ultimate goal when we set out on this journey 3 years ago, was to get to \~$1.6M ($65k yearly expenses with the 4% rule) and then semi or completely retire, depending on how we feel once we get there. As I've read more, I'm realizing that 4% SWR is often a little too optimistic, so realistically we'd like to get closer to a 3.5 or even 3% SWR which would raise our FIRE number to $1.85M or $2.16M respectively. At any rate, we've still got a ways to go, but as they say, the first $100k is harder than the next $100k, so I'm hoping the same holds true for our journey ahead. Time will tell! Thanks for attending my TED talk :) +Ported /u/1_kn0w_n07h1ng's salary seeker to a Chrome extension. + +It currently rounds to the nearest 1k to save on requests, so the results might be off a little bit. + +[Original thread] (https://www.reddit.com/r/AusFinance/comments/anzxw1/i_made_a_tool_to_find_the_near_exact_salary_range/) + +[Install extension](https://chrome.google.com/webstore/detail/okapllpgbpdbfbpaelpjpgdmholakcfm) + +[View source](https://github.com/cheesestringer/salary-seeker) +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jul 24 2022): **172.38** + +---- + +ā†’ Change from 2020 peak to now: **+25.8%** + +ā†’ Change from all-time high to now: **-2.4%** + +ā†’ Change from now for prediction to be correct: +**-60.3%** + +---- + +ā‡’ Average monthly change since 2020 peak: **+1.2%** + +ā‡’ Average monthly change since all-time high: +**-1.0%** + +ā‡’ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +Closed on a property a little over three weeks ago. Have been doing yard work / repair work for one of my units to get it ready to rent. + +Been heading to the property everyday after my day job to work on it. Anyone else have trouble keeping the end goal in sight / staying motivated? + +Advice is welcome. Thanks. +I moved to the beach about 1 year before covid struck. I was living with my parents and shopping/saving for a home. I was looking for almost a year without finding anything I was satisfied with. + +Soon after the lockdowns were over I happened across a new development I hadn't seen because it was out of my price range. When I walked in the houses were very nice and I was shown a lot facing a very large pond and it was 4 houses down from the community center/pool. The price had just been knocked down 10k and the builder was happy to put the bathroom tiles I liked in for free. (Spec Home) + +It was a stretch but I put 10% down and got a 2.99% interest rate on a 30 year. I paid 266k for the property. I'm very happy with my home, location, and neighborhood. + +There are a lot of homes and developments springing up around my neighborhood. A hospital is planned to be built a half mile down the main road, new neighborhoods, new grocery stores, car washes, ect. It's booming here. + +The builder is just about to finish the last phase of homes to close the neighborhood. Several lots are already marked sold. The cheapest new build is now 359k (which happens to be my same model but I have a premium lot, that one faces a right-of-way/power lines). A few months ago a house sold for 50k more than they paid for it near me and now another house was just listed for 399k (which is 140k more than they paid for it!) + +It seems like an absurd amount of equity that I may have lucked into here. I really am not sure how to play this one out. If everything is relative than I wouldn't make any money by selling because an equivalent home (hard to come by) would just cost nearly as much. + +Do I just play a longer game here and wait for market prices to correct, save some money for a possible second home, and then sell when I find another great deal? Or is there something that I'm missing I could possibly do to take advantage of the fact my house may have increase 100k in value? + +**tl:dr -** House I bought 1.5 years ago is now probably worth 100k more than I paid for it and I'm not sure if I'd profit from selling because any alternative property probably an equally inflated value. + +Edit - Thank you for all the advice here. You all have been very nice and helpful. I believe having the home re-appraised to get rid of the PMI is the best move for me right now. +Iā€™m near Phoenix AZ and I purchased my home back in January for 380k at 2.5% on a 30yr and itā€™s already appreciated $50k not including the upgrades Iā€™ve done/will do this year which total to around $40k. I only put 3% down to keep my cash and have $175 PMI but Iā€™d love to invest in something else. + +Iā€™m currently debating if I should Airbnb or Rent this home and buy another, or see if thereā€™s a way to leverage how the value of this home continues to go up rapidly. + +The goal is to generate additional cash flow on top of my existing income. Currently comparable homes are renting for $2600 and my mortgage is $1650 after PMI is gone. Iā€™m sure through AirBnB it could generate more as its fully furnished and semi designer inside since I have a background in that. + +Any help would be appreciated. + +Appreciate the help! +Good morning, + +[The SBA released its final interim rules](https://sbecouncil.org/wp-content/uploads/2020/04/CARES-Act-PPP-IFRN-FINAL.pdf) (what an oxymoron) last night around 9pm EST. A couple of key changes from what has been widely reported over the last few weeks: + +1) the loan terms will be set at 2 years, not 10 years; + +2) the interest rate will be 1%, not 0.5% (or the 3.75% some outlets have mistakenly transferred from the EIDL loan terms); + +3) Independent contractors no longer qualify for the purposes of calculating monthly payroll costs - this is significant. The SBA is suggesting that independent contractors seek their own PPP loan. For many businesses that run primarily on the backs of 1099ers, this will greatly limit the relief available. + +4) Most attorneys and CPAs I've talked to over the last week have been using the 100k cap on compensation in Section 1102 of the Act as a cap on salary/wages, THEN applying retirement benefits, medical insurance premiums, and state and local taxes on top of that 100k figure. The interim final rules are not especially clear, but it looks to me like the SBA may expect people to apply the 100k cap to compensation, generally, meaning the salary + benefits + retirement + state and local taxes figure. It seems like a small difference, but it actually lowers the loan amount my firm will be eligible to take since we give our highly compensated employees significant retirement and health benefits that would have carried over the cap. + +Pinnacle bank, at the least, interpreted the guidelines in the same way in their Excel spreadsheet. + +Best of luck in this rapidly changing landscape. + +EDIT: You can find the [second set of interim rules are here,](https://www.sba.gov/sites/default/files/2020-04/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf) which apply to self-employed individuals. The SBA has treated them less favorably than partners or members in an LLC in terms of their forgiveness calculation by excluding owner benefits in the covered expenses category. Forgiveness is also limited by 2019's net profit calculation, so those who had a bad year in 2019 may be out of luck. The identification as self-employed depends on whether you filed a Form 1040, Schedule C in 2019. +Abstract + +This paper examines the recent explosive growth of institutional investment in the single-family-residential markets and its impact on local home prices. Using a quasi-natural experiment in which investors purchased pre-packaged home portfolios, we find that average properties located within 0.25 miles of bulk-sold properties sell for $3,323.25 higher than homes located farther away. The spillover effect is greater for foreclosed homes ($8,494.52), homes with similar size as bulk-sold properties ($3,665.07), and homes in highly distressed neighborhoods ($25,047.81). Our results suggest that while institutional investors conceivably pursue opportunities in distressed real-estate markets, they also provide valuable liquidity which helps recover neighborhood home values. + +[Full Paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3324008) +I read on the Bigger Pockets website: "The goal behind a BRRRR strategy is to pull all of theĀ money you put into a property out when youĀ refinance it so that you effectively bought a property for nothing, but still have 25 percent built-in equity to reduce risk." + +How does the BRRRR method help you get your money back? Thank you so much in advance! + +&#x200B; +Long time lurker here! + +First off, I would like to give a big thank you to this community. If my wife and I had not been working towards FIRE we would not be in such a great position to help our 17 month old son. + +Recently, his pediatrician recommended he get evaluated for Autism due to some behaviors that were noticed. Obviously, this was very hard to hear as parents. Now that we have started calling numerous doctors, specialize daycares, government programs, and experts. We have found long wait times (6+ months) for many of services. + +Because of our high savings rate we are able to lean on our FIRE plans to skip the lines. The sooner you intervene with Autism, the better the outcome (typically). + +Need an evaluation now? Hereā€™s a $2k check. +Need a deposit for specialized care? Hereā€™s a $15k check. +Need a specialist program? Another check. + +These checks has been the easiest I have ever written and all been made possible by this community. Thanks again! + +My recent Uber Eats order costed Ā£14 in food and Ā£1.69 delivery. + +The same food would have costed Ā£11 in store. + +So, I really paid ~Ā£5 for using Uber Eats. + +Still reasonable, but worth keeping in mind! +**Binance on Twitter:** + +>''[\#Binance](https://twitter.com/hashtag/Binance?src=hashtag_click) has temporarily suspended withdrawals of [$ETH](https://twitter.com/search?q=%24ETH&src=cashtag_click) and Ethereum-based tokens in order to address a congestion issue. Rest assured funds are [\#SAFU](https://twitter.com/hashtag/SAFU?src=hashtag_click) and we apologize for any inconvenience caused. Updates to follow.'' + +What is this bs? Ethereum is nowhere near congested at this time even though fees are high. Seems like a cheap trick of Binance to push BNB and BSC onto their customers. This is why we need DEX's, no central authority who decides when we can withdraw or move funds around. Bad move Binance. + +&#x200B; + +Twitter link: https://twitter.com/binance/status/1362746733726416898?s=20 +I understand that a lower oil price is (in part) consequence of a lack of stronger demand from the world (although we are still in record demand) and too much offer. But why European countries plus Japan, South Korea and India (all big oil consumers) are not reacting positively about it? I mean, their stock market is not pumping? +What are you reading that centers around finance/markets/business. + +Let's skip the normal stuff everyone recommends on here (a random walk, intelligent investor, one up wallstreet), we've all read them and/or have reasons we haven't. + +[I just picked up Industries of the Future by Alec Ross]( http://www.amazon.com/The-Industries-Future-Alec-Ross/dp/1476753652) + +After that I was planning on digging into [Irrational Exuberance by Robert Shiller](http://www.amazon.com/Irrational-Exuberance-Robert-J-Shiller/dp/0767923634) + +What are you reading that is shaping your opinion of markets? +Hello kind people! Throwaway for obvious reasons. First I'll tell you my story that you can skip really, and then I'll talk about what my situation will be afterwards. + +I will be looking for a professional financial advisor (recommendations in london please!), but I only feel confident when I have some kind of understanding about these things myself. + +--- + +I'm closing in on a sale of my business. Having gently suggested its sale for the last year or so to the industry folks who could be interested, I'm in the process with my solicitor of forming a final deal with a buyer that I both trust and is offering a good amount of money... it started from a bit upwards of 1.8mil, and is now going to be a clean 2.1 mil as we convinced them (and rightly believed!) it was worth more. + +Obviously anything can happen, but in the unlikely case to this deal falling through there are other interested parties. I feel for various reasons that 1.8mil is a conservative estimate on the final sale. + +I am so excited. It's literally been my biggest focus to exit financial anxiety. I'm quite satisfied selling the business too, I think it *could* grow significantly but it's not in an area I'm passionate in at all, ironically. And there is a potential for depreciation, so I want to get out on a high. + +Fortunately enough I've found a really good solicitor that's already been paid for, and I'm the sole employee of the business. So it's really just the tax that's going to be taken of the sale sum. Assuming a 1.8mil sale, I will be actually paid \~1.6mil after capital gains tax (benefited through entrepreneurs relief). + +--- + +I am a 24yo comp-sci grad renting in a crappy apartment in east london, with most likely 1.6mil net coming to the bank and probably more. Right now my finances consist of just \~9k in an ISA (specifically all vanguard ls100, was expecting a longer career!) and \~6k cash in a savings account. I have student loans consisting of \~27k in tuition, \~18k in maintenance, which presumably I should just write off now. + +Don't worry, I have a lot to keep me busy after retirement. For the time being it'll be in a volunteering thing I decided to stop a few years ago (to dedicate to my business, ugh) and working on my own weird interactive entertainment work, but I want to assume no significant financial benefit (basically I want to pursue my dreams). + +Soooo, basically I want to smartly allocate my money so I can assume no further income yet live sustain a good humble lifestyle. Nobody in my life knows about this as of yet, luckily. + +What I really want to do is buy a nice little house/apartment, in a friendly/safe community, where I will live by myself (I'm asexual/aromantic) but have enough space to bring a couple friends over (tabletop games baby). The only shortcoming is that I want to live in greater london so I can 1) be around friends 2) have access to so many great opportunities 4) the underground! 3) visit my south essex family via train easily. + +I HATE where I live right now, that's for sure. Block of flats full of angsty young adults like me basically. Anyone know a good place in london to settle down? I haven't had any time as of yet to explore much yet, will probably spend time with my family for a bit though so no rush. I am prepared to bite a high price assuming the rest of my capital can sustain little in the way of living costs. + +On the top of my head, with a place paid for outright, I would need less than 15k for expenses per year. Bills, train fares, groceries, cafe and pub here and there, some entertainment stuff, and travel seems quite manageable under that. I actually hate traveling places and stuff (there's so much to explore in the UK!), and will only be flying to family in south asia once a year for about Ā£600/y... although jumping from economy to business class from now on does sound really nice. Will want to retreat also once a year to national attractions like the Lake District too, but what I really enjoy doesn't go more than a grand for sure. + +Anyway! **What the hell do I actually do with my money, after buying a home?** I assume I should take full benefit of a SIPP and annuities, but only for what I need after I'm 55 due to the tax inefficiencies. Other than filling up my general ISA every year, should I be allocating enough cash for the next few years (ie 5) and make suitable separated taxable investments to be taken out in intervals 10, 15, 20 years, with the appropriate risk tolerance (i.e. bonds/stock ratio) for each one? Is that a sane? And reinvest any additional profits here and there? + +Also, I am quite resilient to ensuring my future needs are met first, but of course it'll be nice to support others. Specifically last I checked my mum plans to retire in 5 years, but could do with something like Ā£100K max to retire a bit early after working so hard for so long (need to talk to her after things settle down, of course). And I want to donate money to worthwhile causes after that, if possible. But I am content with the idea of having a bit more cash *just incase* I ever want to do something, so I should probably hold some cash ready in the bank. + +--- + +I'd be grateful if folks could just hint at what the responsible thing to do here is, so that when I approach a professional I can make sure I'll be doing it right. Even though I thought I was ready for a relatively sudden change in my finances like this, it really is dawning on me now how crazy such a jump of wealth can make someone, and because it seems unwise to turn to those close in my life right now I just need some guidance so I don't screw things up. Thanks! +I was thinking about bonuses at work. If I got a $100 bonus or something out of the blue, it would be nice but it wouldn't really change anything about me day to day life. Same with $1,000 to be honest... I would have the same bills, the same house and I would still go to work the same. + +Obviously if someone handed you (or me) $1,000,000 that would change a lot of things. But I was thinking about what is the smallest amount of money that would really change something about your day-to-day life on a semi-longterm basis. $500 to get out from under a credit card? $5,000 for a new car? $8,000 for a down payment on a new house? + +I asked people I know in person this question and I got everything from about $700 (credit card) to $50,000 (pay off house) to "nothing short of total financial freedom and not having to have a job anymore would charge things for me" (which was actually kind of the most pessimistic and saddest answer). +Sam sent these messages to the company slack. He states that his first priority is to make all customers whole and he plans to do that via a raise which may include FTX US as well. Fundraising options with binance have been exhausted, but Justin Sun seems interested in helping out. However from his tweets, he seems only interested in making people who own his coins(tron, btt, etc) whole. Justin Sun is also having issues of his own at the moment as his decentralized stablecoin has depegged. + +https://preview.redd.it/mz99k1kow2z91.png?width=1304&format=png&auto=webp&s=4bd6a237fc5337d3e57a3978efd3dd0e18616dfe + +https://preview.redd.it/kefczcmpw2z91.png?width=1324&format=png&auto=webp&s=ae286267a4683e2d884513ecece9a92e39f80e00 + +https://preview.redd.it/y2suhsmqw2z91.png?width=1304&format=png&auto=webp&s=6d614dc52af8a12312bfbdf93e730878b42ea22d + +These were leaked to a well known Twitter account named Cobie, by an ftx employee and confirmed by another employee. There have also been leaks that the employees had no clue what was going on as only the execs had access to the wallets and had the ability to cook the books. Many employees also have funds on FTX, so they have also been fucked by SBF. +So my mom called me this afternoon super excited because she thinks she found a Bitcoin on the beach today, funny thing is I offered to buy it for 10k because she needs the money way more than I do and is never willing to accept money from me so now she will because she thinks she is giving me a deal. I canā€™t wait to see what this 10k coin looks like +A short while back, we received our annual notice that it's time to renew our lease. It came with a whopping 8% increase. I went to the office and asked if they would reconsider. We've been good tenants for almost five years. + +The complex manager called the corporate office, and they offered me a 4% increase instead. In addition, they said I only had 48 hours for that rate to remain in effect. + +At this point, I was resigned to taking the deal, but told them I was looking at a couple of other places over the weekend and would let them know. Later that day, they called with a new offer - a 10 month lease with no rent increase. + +Just asking saved me $1740 over that 10 month period. I'm fully expecting them to come back asking for more money after 10 months, but I'm saving up just in case so we'll have options and be able to move if we so choose. +Have you guys ever bailed on plans after realizing how much it was going to cost you? What excuses do you use to your friends? Today I told them I had food poisoning so I wouldn't have to drop ~50 on food, drinks, and ubers +Let me guess, you just rolled out of bad after trying to squeeze that post-market-open anxiety out of the tip of your penis. You then rolled into the bathroom to try and get some more stress out of your body huh? Take a look in the mirror. Now take a second look. What do you notice? Bloodshot eyes after periodically waking up to check futures prices? + +Maybe you also lost some sleep because your girlfriend of 3 years left you for some douche named Derek. He can't pull off that leather jacket he always wears. He looks like such a douche. Fuck you, Derek. + +Right now you're the oldest and most wise you've ever been, and the youngest and most youthful you'll ever be. It's time to use that to your advantage - do not fucking sell. Diamond hands. Diamond fucking hands. This is a once and 20-year opportunity we have on our hands, autists. Not only is the market the easiest it's ever been to make money, but our stupid fucking employers sent us home so we can stare at our trading accounts all day. + +Don't waste this. Don't sell. Make as many tendies as your little fucking heart can. Buy that leather jacket and wear it in a way that Derek never can. Fuck you, Derek. + +TL/DR: SPY 210 4/17 + +P.S. If you're reading this Jennifer please come back my life is falling apart without you. + +Edit: Positions + +https://imgur.com/gallery/6UYWyEG +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. +[Update to this Post](https://www.reddit.com/r/financialindependence/comments/8ejpq5/gov_guy_ready_to_fire_early_at_40_update/) + +Hello all, +I'm 40 yrs old, been working for the govt for the past 15 years, and have amassed a NW of $1.7 mil through a combination of real estate and stocks. + +For my FIRE plan which'll kick in next year, I plan to sell one of the houses and net $150K and add that to my stock portfolio of $670K, for a total of $820K. I'll keep the other houses which after expenses, provide a yearly cash flow of $20K. Assuming a 4% withdrawal, that'll give me $53K/yr to work with. I'll likely pick up an enjoyable side hustle (fixing cars, random carpentry, volunteer fire fighting, whatever) and earn $12k/yr from that, which'll give me $65K total. + +Once I hit 59.5, I'll be eligible to collect on my 401k/TSP, which with a 4% withdrawal, my income will jump to $113K. At 62, my deferred retirement will push me to $138K. + +So, in running the numbers and accounting for everthing, I feel like we have enough to be comfortable. Our yearly spending will likely hover around 62K/yr (we have 6 kids) but that's on a very relaxed budget. If we had to tighten it up, I'm certain we would be fine in the 40-45K range. + +All that said, the numbers look good, everything feels good, I'm currently building cash reserves, etc. As a sidenote, if I stick around for another 9 years, it's worth effectively $1.5 mil in pension and health care. I just don't think I have it in me anymore though, especially when I see that my numbers are looking pretty good. Do y'all agree that my numbers seem solid? If things get dire, I'm a hustler at heart and am pretty confident in my ability to make an extra $30k/yr (plus the wife could also work as she has a desirable degree that pays well). + +**What I'm not sure about is how do I draw down my stock account? Do I just sell across the board to get to my 4% per year? This is the only part that's somewhat hazy for me as I've never withdrawn, I've just always continuously invested and never withdrawn.** + +Thanks in advance for your advice and wisdom, I appreciate it all! + +Also, here's a budget to give you an idea of what we're looking at for retirement spending; + + +Housing, Taxes, Insurance (200K house) $10,000.00 + +Food $7,500.00 + +Car Insurance $2,000.00 + +House maintenance $2,500.00 + +Health Insurance $7,500.00 + +Utilities $2,200.00 + +Kids expenses $2,000.00 + +Car Maintenance $750.00 + +Phone plans $1,000.00 + +Internet $500.00 + +Holiday spending $750.00 + +Fuel $5,000.00 + +Entertainment/Vacations $5,000.00 + +College for kids $6,000.00 + +Hobbies $1,500.00 + +Business ventures for fun $1,500.00 + +Misc $2,500.00 + +Tithing $3,500.00 + +Total $61,700.00 + +DRS not only is going to change the market, lock the float, and expose the fraudulent system, it is also retail creating positive news themselves. Rather than waiting on earnings or being powerless, they have created a statistic that no matter what happens on earnings, the DRS numbers going up, is a huge positive. Wall Street cannot change this. As much as they want to, they cannot change this good news and they will suffer the consequences of their poor bets SOON. + +With 71.3m shares DRS, presplit it would be 17,725,000 shares DRSed. WOW. JUST FUCKING WOW. Huge increase from previous earnings. It was rumored that with the split people would sell some of their shares back rather than DRS. Apparently, not the case. DRS continues to go up. Retail investors hold on and apparently ignore all the fud. Not just talk, they are actually pulling off a miracle. + +First reported DRS numbers in October 2021: + +Q3 2021: 5.2 million (post split equivalence: 20.4m) + +Q4 2021: 8.9 million (post split equivalence: 35.6m) + +Q1 2022: 12.7 million ((post split equivalence: 50.8m) + +Q2 2022: 17.8 million (post split equivalence: 71.3m) + +With this recent dip, no telling how many more shares are going to be Direct Registered but these shorts are slowing drowning themselves. They are trying to live today, and kill themselves tomorrow. + +New partnership with FTX. + +DRS numbers on the rise. +Hi all! + +The UKPF community continues to amaze me with its engagement, the usefulness of the replies that almost all questions receive, the active assistance you give us (the mod team) with post reports, and I'm just generally impressed with the direction the sub has gone. I "took over" the moderation when we had 5,000 users, and we now have 66,900! + +&#x200B; + +One of the areas I have identified as being ripe for improvement is our Wiki. This was mostly written by myself back in 2015/16, as a series of static articles, and most of it is in serious need of a re-write. + +&#x200B; + +However, the Reddit Wiki platform is awful, for various reasons. It allows us no understanding of how much it is actually used (no analytics whatsoever), it doesn't allow for layered categories, or straightforward organisation, and it only half-works on the redesign. Further to this, we can't include any rich content, and are reliant for off-site hosting for images (the fabled flowchart, for example). + +&#x200B; + +Inspired by the /r/fitness move to take the Wiki offsite ( see [http://thefitness.wiki](http://thefitness.wiki) ), I would like to do the same. I have produced a proof-of-concept at [https://ukpersonal.finance](https://ukpersonal.finance) . A web developer I am not, so it's pretty bare-bones currently, but this would give us the flexibility and feedback required to know if it's worth doing. + +&#x200B; + +If this kind of move gets a warm reception, my first step would be to improve the "I have Ā£, what do I do with it", into a flowchart-esque decision-tree. + +&#x200B; + +Further than this, one of the attractions to taking the wiki offsite is to expand the reach away from Reddit, and encourage users that wouldn't otherwise find the site to engage with the sub. I envisage a two-way flow of people from the wiki to reddit and back again. 66,900 is a great number, but I wonder how many more we could reach if there was content featured in (for example) the national press, or on sites like money saving expert. + +&#x200B; + +The next thought I had was that I could probably get high-profile personal finance people to write blog posts, and link them to AMAs on Reddit, again facilitating the flow of new users to Reddit and Redditors to the site. I would also envisage a weekly(ish) digest of "interesting posts" on the blog, that might reach a non-reddit audience and encourage them towards the sub. + +&#x200B; + +My reasoning for this is basically that we have a fantastic resource here, that is naturally limited in reach thanks to Reddit's discovery mechanisms/reputation. There are literally millions of people in the UK who would benefit from the content and wisdom we have on here, and this would be my own little way of trying to push it towards them. + +&#x200B; + +The obvious question I suspect I will receive is "yeah but how do you plan to fund this?" or, less charitably "are you planning to shill all this lovely free content for the financial gain of yourself/the mod team?". + +&#x200B; + +The short answer is that for as long as I need to prove the concept, I'm happy to self-fund the hosting, but I'm definitely interested to hear from regulars here how they'd feel about (for example), clearly demarkated advertising appearing on the site. + +&#x200B; + +So, tell me what you think! + +&#x200B; + +I broadly want to know the answer to these questions: + +What do you think to an improved off-site wiki? + +What do you think to an associated blog? + +What do you think to us funding the blog with methods like advertising or patreon-style subscriptions or other esoteric sources I've not considered already? (I'm getting ahead of myself by a significant amount here, but I feel like if I don't ask this question, you'll probably be asking it yourself anyway) +I made a comment about this earlier and got downvoted to oblivion and would love a logical explanation as to perhaps why since I think bad actors may be at play here. + +First and foremost, I'm an OG ape and want to emphasize that I agree we should not speak with MSM, etc. No one individual represents Superstonk and they would likely "misinterpret" our message just like they did with the Anti-work sub. + +HOWEVER, I DO believe it would be beneficial to create a TL:DR of all of DD that we can link to people who claim to want to help us. We have a literal library of DD. Linking just that to someone and expecting them to read all of it is completely unrealistic. We should have a condensed TL:DR that links to the DD as a source and sticky it to the front page of this sub. It should be something that is easy to read and understand so that apes can send it to friends, family, and anyone else who claims to want to help or look into the immense data that we have without being overwhelmed. That's it. No interviews. Just a link to a well written TL:DR of our DD, with links to the full DD in the references. + +The fact that we don't have this already, and instead say blanketly to not speak about Superstonk is one of the best FUD tactics SHFs have done with this community. We need to spread our info to as many people as possible. I know I have trouble explaining all of what's going on to friends because such a thing does not exist yet. Doing it this way allows our community to get its voice and knowledge out to the public in an easy to digest way. Something like that would absolutely hurt SHFs, so why are we promoting their obvious fud tactics? + +Someone please explain to me why such a thing would be a bad idea, cause right now all the downvotes I received previously seem sus af + +Love you guys and see you on the moon. +Dr. T's [tweet](https://twitter.com/SusanneTrimbath/status/1586896083174629376?cxt=HHwWgICp0Y7l5IUsAAAA) taking shots. + +&#x200B; + +https://preview.redd.it/89r8deyl22x91.png?width=758&format=png&auto=webp&s=542c4e801c8b3c7da3f8e6de75b52638a07ce358 + +Plug the numbers at the end into a hex to ascii converter, you get : + +&#x200B; + +https://preview.redd.it/nrqdk0ko22x91.png?width=888&format=png&auto=webp&s=b16bc722bd6353821dcc73bf350c837def1538cf + +to quote my dad. "it's a great way to hide something from a search engine." +UPDATE: The nurse that has been helping me got in touch with my food stamps caseworker and I was able to speak with her about this situation. She said that I donā€™t need to do a recertification because I recently reapplied for food stamps. She said that there is no reason why my account would be empty especially since I had called my card before my food stamps were supposed to come in and it said that I had a pending payment coming on April 5th. She doesnā€™t understand what is going on either, and she is going to contact someone in charge of food stamps to try and resolve the issue. If the problem cannot be solved I will have to reapply again and wait for the application to be approved. + +Today I went to the grocery store to get my monthly groceries. My fridge is completely empty so I filled my cart with groceries. When I went to pay, my EBT card was declined. I donā€™t usually check my SNAP balance because I have been getting $100 a month without any problems. I was so embarrassed that I had to leave a cart full of food behind. The grocery store is a local family owned store and I know the owners. That made it especially embarrassing. + +As for my food stamps, I bet I was due for a recertification, but since Social Services is shut down I have no way to recertify. I donā€™t know when I will be able to get them back. Since I have no income at this time this has hit me hard. I was counting on my food stamps not only for groceries, but to buy food for Easter dinner. I think I am just going to skip Easter this year. Hopefully my daughter doesnā€™t notice. Sorry for the long rant, I am hangry (hungry and angry) + + +[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. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ 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!* +Thinking about a FAT FIRE scenario. I've been off for the last year and REALLY enjoyed it. I'm thinking about either going back to just do one job or not going back at all. Here's some background on my situation. I'd love any advice about the scenarios and assumptions and a check on whether I'm crazy or not. + +**background** + +39 yrs old, company executive, have had a good career so far. When working I'm making 300-400k in base salary and overall have been making \~1 - 1.25m annually the last 5+ years. I believe I can make that much again if I go back to work - the problem is the big payout only happens at the end of a job (every few years lately) so I can't just work 1 more year to pad my savings, i have to do it by the job, which means 2 - 5 years. + +**Assets / Debt / non work income** + +* $4+m total net worth, $3m is invested in stocks, funds, real estate and retirement (ira/401k). Split amongst these is probably equal. Non invested funds include a primary and secondary home and emergency fund held in cash +* No consumer debt. I have mortgages on 2 of 3 investment properties (\~30-40% of their values) and on my primary residence (30% of its value). I have several vehicles all paid for (I amortize the periodic purchases in my budget) and a bunch of equipment / recreational vehicles all paid for +* Passive income other than growth on investments consists of 30 - 40k annual from real estate (rents), interest (< $1,0000) and dividends (they get re-invested) + +**Expenses** + +* This years budget is for \~220k of expenses. The biggest line items are: Primary & secondary house costs (mortg, tax, staff, util): 88k, childcare/school: 33k, Healthcare: 30k with the rest being food, consumer purchases, vehicles and recreation. In 2 years the childcare expense goes to $0 (kids enter public school). If I get a job healthcare goes to < $1,000 per year and either way after this year it goes down by about 1/2 (I have an expensive cobra plan right now). +* Kids college is paid for (each child has a fund setup when they were born that is projected to cover all college expenses) +* I expect my expenses to decrease as I get over 60 (kids out of the house, recreation probably less intense) +* Expenses are based on actuals from 2018. I did go way over budget in 2018, so the number I'm using here is a more reasonable budget number, but should have all the categories I spent on in '18. Are there any surprise costs I'll have after not working a few years I'm missing? + +&#x200B; + +**FIRE Scenarios** + +* First a little bit of background. I'm in an industry that moves fast, so I have maximum earning potential now. If I stay out of it for a few years its doubtful I'll be able to jump back into it and have the earning potential I have now. So whatever strategy i use I don't really have the option of "going back to work" in 10 years or at least not with the same efficiency as I can now. +* Scenario 1: I retire right now. If I assume a **7.5%** APY on investments adjusted for inflation and a 3% inflation and a 40 year retirement period this seems doable, especially knowing my expenses will probably be closer to 200k annually. Does the APY number sound crazy? I looked at a bunch of stock market data and it appears it would be at or above market when adjusted for inflation anytime since 1960 or so. My personal returns have been far higher (mostly due to a few lucky stock picks and real estate) +* Scenario 2: I retire after my next job and add 2 - 4m more to invested assets. This puts me closer to a safe withdrawal rate of 4% on invested assets, so my kids get a nice inheritance and/or I have plenty of capital should I want or need it later in life. +* Scenario 3: Hybrid - Work part time as a board member / advisor or other type of work for companies. I feel like I'll work harder for a few days a week, but could generate income of maybe 100 - 200k depending on the specific opportunities. I don't love this because I'm working directly as a consultant so only paid for my time VS the leverage effect of equity or passive income. If we have a real estate crash I might consider investing in a big way in order to create passive income (I've been getting something like 8 - 10% cash on cash returns per year for $ invested in real estate... but its not easy). + +Thoughts? Am I nuts? +I've done quite a bit of research into this structure that seems to be universally hated here on fatFIRE, and my sense is either I'm missing something or the community is. Can we take a look at my specific use care that I'm considering structuring with private placement life insurance (PPLI) and have something show me what I specifically got wrong with it without using terms like "don't mix investment in life insurance" or "this is just repackaged VUL" - - instead let's use the real numbers that I have received and show me what's wrong with it? + +My use case: + +\- I am a startup founder and have two assets I want to optimize: + +1) Pre-IPO stock from my last company that still has a reasonably low 409A and a very high chance of being worth something + +2) Founder stock in my new startup. My 409A is very, very, very low - sub 1 cent per share. I estimate my stake will ultimately be a mid-8 figure outcome. Let's pretend for the exercise that this is a fact. + +My financial goals are to eventually use the proceeds of these two positions to invest the market and live off the proceeds without touching the principal + +When modeling large gains, QSBS becomes immaterial very quickly, and it's quite possible that I will be acquired before QSBS takes effect anyway. So another founder suggested I check out PPLI. + +&#x200B; + +**Basics that I understand from talking to several lawyers:** + +\- I can get the above startup stock inside a policy + +\- once there, all assets in the policy are tax free - they grow, can be bought and sold, etc. + +\- The proceeds from the startup exits will not be taxed and can then be invested in virtually any assets under the sun - crypto, hedge funds, private equity, VC, equities, debt, maybe even real estate. This is the "private placement" part of the policy + +\- From here, you can withdraw up to 90% of the contents of the policy with a loan at a fixed interest rate of 25bps - - and these withdrawals are thus tax free + +\-When you die, your heirs get the balance of the plan tax free at a stepped us basis. If the policy is owned by a trust, it also avoids estate tax. + +\- the plan maintains a de-minimis amount of actual life insurance which is acquired at wholesale rates + +**My real example:** + +\- I contribute my startup stock into the plan today at a low basis + +\- Stock sells for, say, $65M and no taxes are paid since it's inside the plan + +\- The plan invests $65M in whatever I want (you don't have "direct control" but wink wink you have a lot of influence in what is chosen) + +\- Each year I take out say $2M in the form of a loan that I don't pay tax on. The assets continue to grow untaxed and your loans accumulate + +\-Over decades the 25bps per year you're paying for the loans doesn't compound to anything close to what the tax dent would be + +\- The cost of maintaining the structure each year - cost of the life insurance, fees, and the money manager who is managing the portfolio - come out to 1% of assets or less. This number is also immaterial compared to the tax savings. + +\-When you die the policy balance pays off the loan balances and your heirs get everything left tax free. + +&#x200B; + +The cost of setup is $75-$150k - the big window being whether I want to sell the plan options (which costs money to structure) instead of my actual stock so that I can keep voting rights. + +&#x200B; + +**The alternate:** Pay state and federal taxes on $65M = $43M. Now you're investing "only" $43M per year, and you pay taxes on all the gains + +&#x200B; + +What did I miss? Thank you!!! +Any tips how to master it? How to stop blowing accounts? How to take only 1 to 3 trades a day? Stop fomo? Accept losses and dont get then too huge.. +Just blowed 2 months worth of profit in 1 session..taking few weeks of trading to get back better, any advice will be appreciated +Is it smart to invest $10,000 into ibonds this year? + +For context, I am trying to save $70,000 by next year for schooling. I would hopefully be starting my program in 2024. I do not want to leave all of my savings in a savings account when it could possibly be making some profit. From my understanding ibond profits can be tax exempt if used for schooling. Is this a smart to investment given my goals? +In an attempt to raise my credit score, Iā€™ve been aggressively paying off my debts. Iā€™ve put it off for so long, and have finally started making a conscious effort to be more frugal, spend less, and try to get rid of any credit card debt I have. + +I just recently paid off a $7000 credit card and my question is: Should I close the account or lower the credit limit? What would be the best thing to do for my credit score? Thanks šŸ˜Š šŸ™šŸ¼ + I'm 16 and I'm currently working a job at a restaurant only making 7.25 an hour plus tips, I'll start waitressing when the dining room opens up. My dad has cancer so therefore he isnt helping me buy my first car nor car insurance so I'm stuck with those payments. I'm trying to reach my goal of 1,500 to get a car and then save for the insurance. So far I only have about 430 saved up , I'm being very very frugal with my money. I'm expected to pay for my food, phone bill, insurance, gas, medical bills, etc. I've tried telling me parents that I cant do that on my own but they said they arent able to help me. I'm trying to get a 2nd job at Krogers hopefully making more then what I do now. I'm thinking about selling my clothes, even though I'm currently trying to sell one of my parents old trashed cars for 750 to save for my first car but it's not going the best. I just feel like this is impossible. I'm sorry if this didnt make sense, or sounds stupid, I just am stuck on how I should make more money. +Saw the article on the AFR this morning about this new broker - backed by Afterpay and Zip backers. + +[https://www.superhero.com.au/](https://www.superhero.com.au/) + +$5 flat fee trades for any amount, plus they accept PayID. + +However you cannot amend orders yet (you can input or cancel) and there is no live pricing unless you pay for it. + +Could give Selfwealth a run for their money. +I am really stressed about this. I am trying to find a place in a new city where my new job is. The problem is, the base salary my employer is currently paying me is too low for 90 percent of places in the area I am trying to live. I make commission on top of my base salary and since I have only worked here for 2 weeks I haven't received any commission to show on my bank statements.My last employers W2s have not come in yet so I can't provide that and even then the earnings are not enough. + +I've brought this up to my employer and they are confused that I am having this issue. I am trying to get some sort of letter stating from my employer that I make enough. + +I'm also trying to run my options. Will having family cosign increase my chances of getting an apartment? +**One in 10 Australians are spending more than they earn**. [The Household Financial Comfort survey of 1500 households](https://www.smh.com.au/business/the-economy/tipping-point-one-in-10-spending-more-than-their-income-20180805-p4zvml.html) found a quarter of all homes have less than $1000 in savings and one in 10 are spending every cent of their income then going into debt each month. The report also found 10% fewer Australians were saving compared to last year. ME Bank economist Jeff Oughton said ā€œthis is a potential tipping pointā€ that could lead to large-scale financial ruin. +Hi all + +I'm running through some potential scenario's and looking for some thoughts, and ideas that I may have missed. + +Financial situation: +27, living at home (WA), single, 100k salary before tax (secure job, salary to increase ~10k over next 5 yrs) +-100k in savings account, 10k in everyday account +-32k in super (as of eofy20) +-34k HECS (as of eofy20) +-no other debt +-no investments (have dabbled before in shares) + +Situation: +Looking to move out. Had stayed at home to look after family, but no longer need to. Don't really have any financial mentors as such so looking for opinions/thoughts on ideas. The 100k just sitting there is a massive waste and I feel like I'm losing out the longer debate in my own mind the pros/cons. + +Current ideas +A) buy property to live. Use a large proportion of the savings here to contribute to deposit. Self explanatory. + +B) Rent for a number of years, until i and future wifey (or just I.. Sad times) are ready to settle and purchase something bigger/better/nicer. Instead put some of the 100k into long term (20+ years) EFTs. In the meantime take advantage of the FHSS to boost savings capacity. + +C) buy cheaper property than A) and money not used to add value/renovate over a number of years and hence take advantage (in the early years at least) of low interest rates. + +D) buy cheaper proper than A) but instead of renovating etc align some of those savings with ETFs + + I'm okay with the idea of owning property but it isn't necessarily something I feel I need to do. I have always thought the 'Australian dream' of owning a suburban property and getting nowhere financially just for the sake of 'owning' can be a trap, which seems like some of these scenarios could lead me there. + + Current issues around the practicality of each of these is the current property market in perth. Renting probably suits my current single lifestyle better due to the flexibility in location. However rentals are hard to come by, and property for sale doesn't stay on the market long. I am also feeling like there isn't a lot of good stock out there. Like everyone here, I'm always concerned about getting the 'timing' right. + +Would love to know the thoughts of those that have chosen to go down either one of these paths, or of there are other considerations that I'm not thinking about. +Figured some here might have potentially leveraged executive search groups as they move through the corporate ranks and was curious if anyone had recommendations on specific ones to utilize. Looking to make that next step in my career and accelerate the accumulation phase some to free up cash flow for other investments outside of my primary career. Primarily focused on SVP/EVP/CIO positions in the F1000. +I was buying a mountain of their cat7 cables on clearance because they were an additional 50% off of the regular clearance price, When a colossal group of kids walked by the Mall GameStop with their mom. They beg their mom to take them in, and the mom smiles and caves. + +I smile because I can see it in the eyes of the children. GameStop is going nowhere but up. +Edit: Started in 2017. 2018 was just the ugly. + +So Iā€™m lolling at all the people who have commented that Iā€™ve ā€œflinchedā€ because of how Iā€™ve been trashing Elon (which I did on the way up too) and how I should have ā€œcovered myself better.ā€ + +Lol. Iā€™m up 450% still lifetime in crypto, and thatā€™s with BTC at 42k. Thatā€™s after buying ethereum at the tippy top last cycle and watching it drop to $90. + +Listen, itā€™s hot garbage that a couple of billionaires can cause a panic with some dumb, uniformed comments. But thatā€™s the world we live in. Zoom out to any of the strong, project driven coins lifetime, and youā€™ll see a chart that looks damn good. If the bull is over (doubt) then this just means itā€™s time to buy MORE. If itā€™s not, then this has been a strong consolidation phase. + +Crypto isnā€™t a get rich quick scheme. Itā€™s a get rich slow plan. If I can survive a 93% loss in ETH and be up 200% now, then so can you. +$ASRT Assertio holdings Inc. + +Earnings Report coming out March 11th, assertio has 8 FDA approved products [https://www.assertiotx.com/products-and-pipeline/marketed-products/#:\~:text=We%20currently%20have%20eight%20FDA%2Dapproved%20products%20for%20various%20conditions](https://www.assertiotx.com/products-and-pipeline/marketed-products/#:~:text=We%20currently%20have%20eight%20FDA%2Dapproved%20products%20for%20various%20conditions). + +Also a conference coming out March 15th to review companys investors [https://finance.yahoo.com/news/assertio-holdings-inc-present-virtual-210100418.html](https://finance.yahoo.com/news/assertio-holdings-inc-present-virtual-210100418.html) + +Happy gains! +**PLEASE DROP AN UPVOTE AND/OR COMMENT IF YOU USE. IT TOOK ME A FEW HOURS TO MAKE THIS SPREADSHEET AND I WOULD LIKE TO HELP AS MANY PEOPLE AS POSSIBLE. I SEE A LOT OF PEOPLE OPENING AND DUPLICATING THE SHEET, PLEASE HELP PAY IT FORWARD.** + +Disclaimer: I originally created this tool for the impending GME short squeeze, but it can very easily be applied for volatile penny stocks. + +It's always nice when a stock you own runs up in price, but you don't want to be the one caught holding the bag if/when it eventually comes crashing down to earth. **HAVE AN EXIT STRATEGY.** Everyone has different levels of expendable capital and risk tolerance. Some of us can afford to YOLO away six-figure investments, while others would be more than happy to simply turn a few hundred dollars into a grand. + +Your exit strategy should depend on how much money you are comfortable losing, and how much profits you would be happy taking. I'm not here to tell you what your strategy should be, but I did make a tool so you can figure it out for yourself: [Exit Strategy Calculator (Google Sheet)](https://docs.google.com/spreadsheets/d/13twJC8Ldy3p7iS7fp5htOjfhTYZIE_Fqa5Rn9wgqv8c/edit?usp=sharing) + +&#x200B; + +**HOW TO USE THE EXIT STRATEGY PLANNER** + +\- Note 1: **This is for shares only**. I'm not smart enough to make this work for options. + +\- Note 2: The link I provided is READ ONLY, so the first step is to **make a copy** for your own use (File --> make a copy) + +\- **Now, enter your current position.** Provide the number of shares you have in A3, and your average cost basis in B3 (these cells are highlighted in yellow). Your total investment will automatically calculate in C3. + +\- **Columns E-F are the ROI calculator.** Column F tells you what the share price will need to reach in order to hit the ROI listed in Column E. Column G tells you what your total value would be at that share price. + +\- **Columns I-K are your break-even analysis**, which basically tells you what the share price would need to be for you to break even by selling X number of your shares, and what your profit would be if you sold all of them at said price. *You will probably want to adjust the #s in Column I based on how many shares you currently have in your position*. Columns J & K will automatically update when you do. + +\- **Columns M-N calculate your profits at different share prices.** How much money will you make if you sell when GME hits $80? What about $100, or $250, or even $1,000? These columns will tell you. Feel free to adjust the share prices in column M if you want, but I have most of the big milestones covered. + +\- **Columns P-R are your exit strategy planner.** *You will need to provide the following information: # of shares (if any) you want to hold long term, post-squeeze \[cell P4\]. Maximum dollar amount from your initial investment that you can stomach losing \[Q4\]. Profit amount you would be 100% happy cashing out with no FOMO of future gains \[R3\].* Cell Q6 will calculate your "worst case scenario" sell price. **Set a stop loss order at this price to maximize your losses** to the amount you entered in Q4, while still holding your desired # of long-term shares. Cell Q7 will calculate your "best case scenario" sell price. **Set a limit order at this price to cash out with your "100% satisfied profit"** you entered in R4, while still holding your desired # of long-term shares. + +\- **Columns T-V is an incremental sales planner.** Some of you may want to sell a portion of your shares when certain benchmarks are hit (ie sell 10 shares when it hits $100, another 10 at $150, etc.). Simply enter in how many shares you want to sell at each price point \[column U\], and the sheet will calculate your cumulative revenues, net profit, and remaining shares. + +TLDR: Use this spreadsheet to avoid getting caught holding the bag on volatile investments after a run up. I made this for myself for the impending GME squeeze, but you can make a copy for yourself and change the cells highlighted in yellow to account for your personal stock positions and risk/reward preferences. šŸš€šŸš€ + +**EDIT:** A few people have mentioned that the file traffic was too high and it was not allowing them to make a copy. Fear not! I have made some alternate sheets you can use instead (they are all the same). + +1. [Alt 1](https://docs.google.com/spreadsheets/d/1-6XkMn0c6OkHvyA0fWeTDVumpmU6btFYnsbY1z0GecM/edit?usp=sharing) +2. [Alt 2](https://docs.google.com/spreadsheets/d/1HrkHCwhpCWtCQbvW2NJ5Zwo_kU65oDgDyRf3sLket6E/edit?usp=sharing) +3. [Alt 3](https://docs.google.com/spreadsheets/d/1XZpIwY-KIZHXZUcLBTT7yVUq2oBsQg6IE44odsxSLsw/edit?usp=sharing) +4. [Alt 4](https://docs.google.com/spreadsheets/d/1sCxovPWEHj11IuK2a1U4fyqqqYYxYwcsBNRVcT4gfdI/edit?usp=sharing) +5. [Alt 5](https://docs.google.com/spreadsheets/d/1m1M3FDN0t62SqSH2U5lOZ602hdOF_x6d5rM33qe5l7Y/edit?usp=sharing) +I see so many retirees that are disoriented, lacking motivation, and just aren't as happy as when they were working (in fairness, I know plenty of very happy retirees as well). But some are just flat out depressed and feel purposeless. There's something to be said about working towards a goal. The drive keeps us alive. My father was a private practice doctor. He made some good (and lucky) investments and could have retired in his 40s. He continued to work until his 80s, when he passed away. Over the years I always asked why he didn't retire and go live on a beach. He said that would bore him to death after 2 weeks. He loved his patients and loved practicing medicine. I suppose it can't fully be known until you cross that bridge, but am wondering what some of your thoughts are on retirement, particularly early retirement. +I see so many retirees that are disoriented, lacking motivation, and just aren't as happy as when they were working (in fairness, I know plenty of very happy retirees as well). But some are just flat out depressed and feel purposeless. There's something to be said about working towards a goal. The drive keeps us alive. My father was a private practice doctor. He made some good (and lucky) investments and could have retired in his 40s. He continued to work until his 80s, when he passed away. Over the years I always asked why he didn't retire and go live on a beach. He said that would bore him to death after 2 weeks. He loved his patients and loved practicing medicine. I suppose it can't fully be known until you cross that bridge, but am wondering what some of your thoughts are on retirement, particularly early retirement. +(This is a repost of https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) + +Auto mod flagged my first post attempt for a mundane word (I used a synonym in **bold**) so hopefully this attempt works. + + +You may remember that a few days back, u/TheGoombler put up this post about shills infiltrating /BIZ/ /r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/ + +In that post, there was a HUGE image on: + +SUPPOSED**methods used by banks and the hedgefunds to dismantle online communities + +I had trouble reading that image (definitely NOT phone or text-to-speech friendly), and tried to find the original text version. It turns out that it can be found here: https://pastebin.com/irj4Fyd5. I copy-pasta it here for your convenience, and included some markup to make it easier to read. I take no credit for this work. + +_______________________________________________________________________ + +COINTELPRO Techniques for dilution, misdirection and control of an internet forum + +Twenty-Five Rules of Disinformation + +Eight Traits of the Disinformationalist + +How to Spot a Spy (Cointelpro Agent) + +Seventeen Techniques for Truth Suppression + +_______________________________________________________________________ + +COINTELPRO Techniques for dilution, misdirection and control of an internet forum. +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +Technique #1 - 'FORUM SLIDING' + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +Technique #2 - 'CONSENSUS CRACKING' + +A second highly effective technique (which you can see in operation all the time at www.abovetopsecret.com) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favour is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favour is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +Technique #3 - 'TOPIC DILUTION' + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +Technique #4 - 'INFORMATION COLLECTION' + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favourite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favourite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +Technique #5 - 'ANGER TROLLING' + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +Technique #6 - 'GAINING FULL CONTROL' + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +CONCLUSION + +Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM. Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +_______________________________________________________________________ + +Twenty-Five Rules of Disinformation +Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up. + +1. Hear no evil, see no evil, speak no evil. Regardless of what you know, don't discuss it -- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +2. Become incredulous and indignant. Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +3. Create rumor mongers. Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations. Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +4. Use a straw man. Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +5. Sidetrack opponents with name calling and ridicule. This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +6. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +7. Question motives. Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias. This avoids discussing issues and forces the accuser on the defensive. + +8. Invoke authority. Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows', and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +9. Play Dumb. No matter what evidence or logical argument is offered, avoid discussing issues except with denials they have any credibility, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +10. Associate opponent charges with old news. A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +11. Establish and rely upon fall-back positions. Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made -- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +12. Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, paint the entire affair as too complex to solve. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +13. Alice in Wonderland Logic. Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic which forbears any actual material fact. + +14. Demand complete solutions. Avoid the issues by requiring opponents to solve the crime at hand completely, a ploy which works best with issues qualifying for rule 10. + +15. Fit the facts to alternate conclusions. This requires creative thinking unless the crime was planned with contingency conclusions in place. + +16. Vanish evidence and witnesses. If it does not exist, it is not fact, and you won't have to address the issue. + +17. Change the subject. Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +18. Emotionalize, Antagonize, and Goad Opponents. If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +19. Ignore proof presented, demand impossible proofs. This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +20. False evidence. Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations -- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +21. Call a Grand Jury, Special Prosecutor, or other empowered investigative body. Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion. Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +22. Manufacture a new truth. Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +23. Create bigger distractions. If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +24. Silence critics. If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +25. Vanish. If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +_______________________________________________________________________ + +Eight Traits of the Disinformationalist +1) Avoidance. They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +2) Selectivity. They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +3) Coincidental. They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +4) Teamwork. They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +5) Anti-conspiratorial. They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain.Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +6) Artificial Emotions. An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +7) Inconsistent. There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +8) Time Constant. Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +_______________________________________________________________________ + +How to Spot a Spy (Cointelpro Agent) +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +1) The message doesn't get out. + +2) A lot of time is wasted + +3) The activist is frustrated and discouraged + +4) Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +"You're dividing the movement." +[Here, I have added the psychological reasons as to WHY this maneuver works to control people] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed **faƧade** of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +"You're a leader!" +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudoidentification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudoidentification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" [self-concept] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. [self-concepts] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments [do not have a good idea of their own self-concepts and that they ARE concepts] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +Some agents take on a pushy, arrogant, or defensive manner: + +1) To disrupt the agenda + +2) To side-track the discussion + +3) To interrupt repeatedly + +4) To feign ignorance + +5) To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +Saboteurs + +Some saboteurs pretend to be activists. She or he will .... + +1) Write encyclopedic flyers (in the present day, websites) + +2) Print flyers in English only. + +3) Have demonstrations in places where no one cares. + +4) Solicit funding from rich people instead of grass roots support + +5) Display banners with too many words that are confusing. + +6) Confuse issues. + +7) Make the wrong demands. + +8) Compromise the goal. + +9) Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +Provocateurs + +1) Want to establish "leaders" to set them up for a fall in order to stop the movement. + +2) Suggest doing foolish, illegal things to get the activists in trouble. + +3) Encourage militancy. + +4) Want to taunt the authorities. + +5) Attempt to make the activist compromise their values. + +6) Attempt to instigate violence. Activisim ought to always be non-violent. + +7) Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +Informants + +1) Want everyone to sign up and sing in and sign everything. + +2) Ask a lot of questions (gathering data). + +3) Want to know what events the activist is planning to attend. + +4) Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of committment. + +Recruiting + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +Surveillance + +ALWAYS assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +Scare Tactics + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters [emails] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +_______________________________________________________________________ + +Seventeen Techniques for Truth Suppression +Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party. + +1. Dummy up. If it's not reported, if it's not news, it didn't happen. + +2. Wax indignant. This is also known as the "How dare you?" gambit. + +3. Characterize the charges as "rumors" or, better yet, "wild rumors." If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +4. Knock down straw men. Deal only with the weakest aspects of the weakest charges. Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger." Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +6. Impugn motives. Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +7. Invoke authority. Here the controlled press and the sham opposition can be very useful. + +8. Dismiss the charges as "old news." + +9. Come half-clean. This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +10. Characterize the crimes as impossibly complex and the truth as ultimately unknowable. + +11. Reason backward, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +12. Require the skeptics to solve the crime completely. E.g. If Foster was murdered, who did it and why? + +13. Change the subject. This technique includes creating and/or publicizing distractions. + +14. Lightly report incriminating facts, and then make nothing of them. This is sometimes referred to as "bump and run" reporting. + +15. Baldly and brazenly lie. A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +16. Expanding further on numbers 4 and 5, have your own stooges "expose" scandals and champion popular causes. Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +17. Flood the Internet with agents. This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +https://i.imgur.com/GtFdcel.jpeg + +Poor Cramer. Bet he's having a coke inducted meltdown right now. + +Also, why the fuck are we limited to text posts only. using imgur is for fucking boomers. Are these fucking mods now boomers? Bet they'll be buying long ITM leaps on Exxon next, turds. +I've had 20k in their target retirement date 2050 fund since April and added another 10k a few months ago. Right now I have $30,004 in there... I wish I had just saved myself the trouble and collected the 1% interest from my bank account! This is the first time I've ever invested money btw. + +I've also got money in a Roth IRA and a Trad IRA in the same target retirement fund. Should I start looking elsewhere or stick it out? People in this sub recommended my current strategy with Vanguard since I'm not interested in an actively managed portfolio. +Apes, this is the second half of Part 2. [You can find the first half of Part 2 here](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/). + +# Derivatives and the Alchemy of Risk + +Derivatives are financial contracts that derive their value from an underlying security, and have existed for as long as markets have. A [futures contract](https://www.investopedia.com/terms/f/futurescontract.asp), for example, is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future. + +The buyer of a futures contract is taking on the obligation to buy and receive the underlying asset when the futures contract expires, and the seller of the futures contract is taking on the obligation to deliver the underlying asset at the expiration date. These contracts have been around for millenia, with the earliest recorded contract dated to [1750 BC in Mesopotamia, or modern-day Iraq](https://bebusinessed.com/history/history-futures-trading/#:~:text=Futures%20trading%20can%20be%20traced,the%20sixth%20Babylonian%20king%2C%20Hammurabi.&text=Part%20of%20that%20Code%20stipulated,price%20at%20a%20future%20date.). + +Say youā€™re in a casino and you want to make money off a poker game, but you are barred from playing the actual game. So, you grab another patron (Dave) and tell him youā€™d like to make a bet on the outcome of the game. You really think your friend Allie will win the game, so youā€™re willing to pony up $100 to bet on her winning. (In this example, the bet you make is the ā€œderivativeā€. The underlying securityā€™s returns are the results of the poker game.) + +Seeing your derivative bet, two other people get interested. They donā€™t want to bet on the game, rather they want to gamble on the outcome of your bet. They create their own bet, weighing probabilities and putting in funds accordingly. This is a second-order derivative. In the modern financial system, since derivatives are basically unregulated due to the [Commodities Futures Modernization Act](https://www.investopedia.com/terms/c/cfma.asp), (especially OTC derivatives or second-order or higher) this process can continue ad infinitum. + +[Derivative Bets](https://preview.redd.it/odmcqfd678771.png?width=615&format=png&auto=webp&s=c802a93608266848687f3444fbd9d4c9a80c3bbe) + +In doing so, the "derivative" gamblers are essentially creating leverage on the poker game. What financial institutions do with derivatives is create these bets (Derivative\^2 for example) and then sell these bets to others. This is an IMMENSELY profitable business for them. + +When creating a portfolio, most investors worry about their loss exposure. Buying any single equity is risky, and it is reasonable to want to reduce downside risk. This is part of the reason why derivatives were created. Through [hedging](https://www.investopedia.com/trading/hedging-beginners-guide/#:~:text=Hedging%20is%20a%20risk%20management,as%20options%20and%20futures%20contracts.), traders were able to change their gross exposure into a [net exposure](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/net-exposure/). Net exposure underlines the difference (net amount) between a hedge fundā€™s long positions and its short stock or derivative positions. Once calculated, the net exposure of a fund is usually presented in a percentage, displaying the fundā€™s risk with regard to market fluctuations. + +Letā€™s break it down. Say you are bullish on IBM. You go out and buy $50M of long dated [call options](https://www.investopedia.com/terms/c/calloption.asp) (commonly called [LEAPS](https://www.investopedia.com/terms/l/leaps.asp)) on IBM. Since youā€™re afraid of losing money in case IBM misses itā€™s earnings call, loses revenue, or experiences some other negative event while your position is open, you go and buy $40M of [put options ](https://www.investopedia.com/terms/p/putoption.asp)with the same expiry date. Thus, your new Net exposure position is only $10M long. + +[Net Exposure Hedging](https://preview.redd.it/ope41no978771.png?width=642&format=png&auto=webp&s=2136a19ecc25ea5fa0bff0ec5d90e7ff2a95d96d) + +Using this mechanism, traders were able to hedge positions and reduce their theoretical risk. When you buy calls and puts, this net exposure is reduced, and at the same time, your assets increase. In the example above, your gross exposure (the gross value of the derivatives you own) will increase as you own both long calls and long puts. ((Don't get this confused with being long/short or bullish/bearish a stock!! **Long position for derivatives simply means YOU OWN the contract, short position means YOU OWE the contract. ā€œLong/Shortā€ is a general term in finance that can mean different things depending on the context!!** [**Read this if youā€™re confused**](https://www.investopedia.com/terms/l/long.asp))) + +Since both these calls and puts have value that you paid for, and represent the right to exercise at strike, they are both recorded as assets on your Balance Sheet. **In the example above, you OWN $50M of calls and $40M of puts- your overall derivative gross exposure is $90M. Your net exposure is only $10M.** **Thus you have $90M of assets (subject to market changes of course) and ā€œnet riskā€ of $10M.** This is why Shitadel has buttloads of options on either side of every stock, theyā€™re hedging their net exposure, even when theyā€™re bullish on the underlying. + +**Thereā€™s three interrelated ways this goes seriously wrong. One is counterparty risk. A** [**counterparty**](https://financial-dictionary.thefreedictionary.com/Counterparty) **is someone who takes the opposite side of your trade- so if you are buying, they are the seller, and vice-versa. ((**[**I wrote this DD on counterparties and clearinghouses a while ago**](https://www.reddit.com/r/Superstonk/comments/nje7xk/clearinghouses_explained/)**)) In derivatives, if the counterparty to your trade fails, i.e. goes bankrupt, the contract will most likely not be honored.** + +**This means if you are a hedge fund, and you wrote OTC options ((NOT Exchange traded-please refer to the beginning for the difference between OTC and exchange traded options, exchanged traded options are guaranteed and cleared by OCC (Options section of DTC), OTC options are NOT guaranteed, and can only be written between institutions)) your $90M of calls and puts, if they were written with a single counterparty (like Bear Stearns) will now be worth NOTHING.** + +**This $90M ā€œgross exposureā€ loss would represent an 800% HIGHER LOSS than the ā€œtheoreticalā€ maximum loss of $10M which is your ā€œNet Exposureā€. If an options clearinghouse which is the counterparty to all listed options fails, MILLIONS of contracts would be worthless. The TRUE RISK is counterparty risk- this is what the models donā€™t understand.** + +**Another way this goes wrong is if the underlying fails- the results are equally catastrophic. Going back to the poker game analogy, imagine if the people playing the actual poker game left the table. Now Derivative Bet #1 is worthless, since thereā€™s nothing to bet on. Same goes with Derivative bet #2, and #3, and so on. If the Poker game had $25 in the pot, and each Derivative bet had $100 in each bet, this means that by the poker game ending, $325 worth of value was destroyed, from the elimination of just ONE REAL game worth $25. THIS is the explosive nature of derivatives.** + +&#x200B; + +[Synthetic CDO Visualized](https://preview.redd.it/1i8vm7jd78771.png?width=406&format=png&auto=webp&s=08eb280d305046c39e23e456d1b25e392df179c9) + +Letā€™s use the 2008 financial crisis as an example of an **underlying** failure. (W Homeowner goes out and gets a loan (original poker game). The bank then sells that loan to an investment bank who makes a CDO out of it (a bet on the game) which trades on the value of the underlying. Then, another bank comes along and makes a [synthetic CDO](https://en.wikipedia.org/wiki/Synthetic_CDO) (a bet on the bet), and then takes out a Credit Default Swap on it (bet on a bet on a bet). This creates insane leverage to the underlying, and horribly dangerous results if the underlying collapses. Our beloved Dr. Trimbath puts it like this: ([Naked, Short and Greedy](https://www.goodreads.com/book/show/49089890-naked-short-and-greedy?from_search=true&from_srp=true&qid=SnVODNfAhP&rank=1) (Ch 19)) + +[Naked, Short and Greedy pg 221](https://preview.redd.it/5k5nddvi78771.png?width=379&format=png&auto=webp&s=7c257e43b6a4f9d5b9772753abcc3571c0f56ae2) + +**A third way this system can blow up is due to cross-collateralization, where one asset is pledged to multiple entities, creating more claims than assets that exist.** This process is actually very common in the futures markets- bullion banks, for example, which hold gold and silver, will write between 2-10 futures contracts for every one oz of gold in the vaults. + +[One Asset pledged to multiple parties](https://preview.redd.it/l2musmvn78771.png?width=628&format=png&auto=webp&s=ea4697ebe3169000852eeb48a83c024c16fcf756) + +In the example above, the bullion bank (with the gold) writes 6 futures contracts (assume 1 oz per contract) and sells them to other financial institutions, but only has a single ounce of gold in the vault. They can do this since the vast majority of the futures (\~85-90%) [never get called](https://www.sciencedirect.com/science/article/abs/pii/S0927539804000842) in for [settlement](http://www.iotafinance.com/en/Financial-Definition-settlement.html), and are instead [rolled forward](https://www.investopedia.com/terms/r/rollforward.asp) (this basically means when the old contract is about to expire, the holder sells it for cash, and then uses this money to buy a new futures contract with a different expiration date). + +Thus, the bank/institution writing all these futures never has to actually deliver the underlying- the gold in this case. If all the futures contracts they write are called in at once, then the 1 oz of gold is given to the buyer, and the bank who wrote the contract is on the hook to **deliver all 5 oz to the firms that are owed, and is forced to go into the market to purchase it- this is called a ā€œContract Delivery Squeezeā€** as [outlined in this paper](https://static1.squarespace.com/static/555266c0e4b008b6a4552c3a/t/55626e5ae4b004a8dfc8288d/1432514138731/Gilt_Squeeze_final.pdf). **If the bullion bank fails, all the futures written by it are now null and void, and the firms that werenā€™t able to take delivery get nothing.** + +(Side note: [Notional Value Explained](https://www.investopedia.com/terms/n/notionalvalue.asp): Notional value is a term often used to value the underlying asset in a derivatives trade. It can be the total value of a position, how much value a position controls, or an agreed-upon amount in a contract- + +The best explanation Iā€™ve seen of this was on a recent post by u/Criand-- ALL credit to him/her: + +\------------------------------------------------------------------------------------------------------------------------------ + +The Market Value is the value of the derivative at its current trading price. + +The Notional Value is the value of the derivative if it was at its strike price. + +E.g. A CALL Option represents 100 shares of ABC stock with a strike of $50. Perhaps it is trading in the market at $1 per contract right now. + +* Market Value= 100 shares \* $1 per contract = $100 +* Notional Value= 100 shares\* $50 strike price= $5,000 + +\------------------------------------------------------------------------------------------------------------------------------ + +# Nitroglycerin + +Imagine you go to the office one day, and see your boss (Anna) sitting there with a bottle of [nitroglycerin](https://pubchem.ncbi.nlm.nih.gov/compound/Nitroglycerin). You are immediately shocked, and ask Anna what sheā€™s doing. ā€œAre you INSANE?ā€ you say. ā€œThat is extremely dangerous!ā€. She smiles at you and says ā€œNitroglycerin is stable if not exposed to pressure or heat. Itā€™s safe on my desk, as long as I donā€™t knock it off, it wonā€™t explodeā€. Incredulous, you walk away. + +The next day she brings in another bottle. And another the day after that. Over a year, she brings in hundreds of bottles of nitroglycerin. One day, a poor intern trips on her shoes and knocks one down. The first bottle explodes- Boom. In a few milliseconds, the next one does, and the next, in a vicious chain reaction- BOOM! BOOOM! BOOOOOM!. The entire building is destroyed. THIS is the danger of derivatives. + +&#x200B; + +# Systemic Risk + +The recent [Archegos Capital](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839) debacle was a classic example of the destructive power of derivatives. Using contracts like [Total Return Swaps](https://www.investopedia.com/terms/t/totalreturnswap.asp), Bill Hwang was able to leverage his fund [more than 8x](https://www.bloomberg.com/news/articles/2021-05-06/archegos-fallout-crimps-hedge-fund-leverage-as-banks-curb-risks), making bets on the performance of a variety of Chinese and American equities. When the equities lost value, his fund was obliterated- a mere 12.5% drop in the underlying resulted in a complete loss of capital. + +But, his fund wasnā€™t the only firm affected- Credit Suisse was his counterparty, and thus lost more than [$5.5 Billion, and counting.](https://www.wsj.com/articles/credit-suisses-5-5-billion-archegos-hit-enters-big-league-of-bank-losses-11619256601) **If derivatives are an explosive bottle, counterparty risk is a fuse- one that always runs to another bottle of Nitroglycerin.** + +The modern financial system is effectively a complex network of institutions, tied to each other through these complex derivative contracts. [GSIBs](https://www.fsb.org/2020/11/2020-list-of-global-systemically-important-banks-g-sibs/) (Globally Systemic Important Banks) are the largest entities in the system, tied directly to thousands of institutions, and indirectly to hundreds of thousands. Hereā€™s a fascinating map from an [IMF White Paper on the GSIBsā€™ interconnectedness:](https://www.imf.org/~/media/Files/Publications/WP/2017/wp17210.ashx) + +[IMF White Paper, 2016. \(See legend for details\)](https://preview.redd.it/wyuqw4lx78771.png?width=546&format=png&auto=webp&s=dfa4c60bb2948d77953ac7c000b5080997d70194) + +The entire derivatives market is HUGE. The BIS estimated the total notional value of the [OTC derivatives market](https://www.bis.org/publ/otc_hy1911.htm) to be $640 Trillion in 2019! And that doesn't even include exchange-listed derivatives like most common option contracts. **More sober estimates put it somewhere north of $1 Quadrillion.** [**Visual Capitalist has a great graph that demonstrates the monstrosity of this number.** ](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) **Numbers of this size are hard to wrap your head around- this is equivalent to a million billion, or a thousand trillion- for reference, the US economy is around** [**$22 Trillion**](https://www.thebalance.com/us-economy-facts-4067797) **and the world economy is estimated to be** [**$88 Trillion**](https://www.visualcapitalist.com/the-88-trillion-world-economy-in-one-chart/)**- thus the entire world economy could fit into the notional derivatives market 11x over and STILL not reach it. Every single bank is exposed, either directly or indirectly, to this market. For example,** [**Deutsche Bank ALONE has over $47 Trillion in Notional gross exposure**](https://www.wsj.com/articles/does-deutsche-bank-have-a-47-trillion-derivatives-problem-1475689629)**- TWICE the size of the entire US Economy!** + +Through the magic of financial engineering, Deutsche is able to create a net exposure of only [$22 Billion](https://www.marketwatch.com/story/deutsche-bank-pegs-its-derivatives-exposure-at-about-22-billion-and-faces-challenges-in-shedding-those-assets-2019-07-26), equivalent to 0.046% of the notional. Thus, although on paper its risk is extremely small, the actual risk to the firm is enough to wipe it out basically overnight. This is what happened to institutions like [AIG in the 2008 crisis](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) \- they insured more products than they could ever cover, and when the firms they insured came calling they were quickly forced into bankruptcy, requiring a [$182 Billion bailout from the Federal Reserve](https://www.thebalance.com/aig-bailout-cost-timeline-bonuses-causes-effects-3305693). + +**If the hedge funds with derivatives exposure (like Archegos) are the equivalent of an office rigged with nitroglycerin, the banks are stadiums full of 50 gallons drums of this shit- and the DTCC/ICC/OCC are the equivalent of a nuke. Counterparty risk, in the form of fuses, runs between all of them. What happens when enough factors on the system start to apply too much pressure? BOOM.** + +[Los Alamos Testing Grounds, Nuclear Bomb](https://preview.redd.it/5v1y6jl288771.png?width=619&format=png&auto=webp&s=5f5d79be62330c3b5d940e8291e5f09e8098df44) + +# + +# Why hasnā€™t anything happened? + +This is the question most people ask themselves when they first learn about this. The reason is actually very simple. **As long as money keeps flowing into the Casino, the gamblers feel little risk, so no one pulls out. The Fed continues to print money, equity/bond prices continue to rise, and since thereā€™s ā€œno riskā€ of the underlying falling in value, everyone keeps their money in the pot, and the poker game continues.** + +**The profits made from derivatives trading are enormous, and any bank that stopped doing this would quickly lose investors, because they would instantly take their capital out and take it to another bank that actually is profitable. It's all a confidence game- as long as everyone is confident, prices keep rising, and the cash keeps pumping in, the party will continue.** + +Warren Buffet famously turned down calls to buy Lehman Brothers during the darkest days of the Financial Crisis- he understood a key concept, that derivatives (especially when they make up the majority of your fund (hey Kenny :) ) **are equivalent to Financial** [**Weapons of Mass Destruction**](https://www.prospectmagazine.co.uk/economics-and-finance/financial-weapons-of-mass-destruction-brexit-and-the-looming-derivatives-threat)**, able to destroy entire firms, and indeed entire systems, in one fell swoop.** + +[Quote from Berkshire Hathaway Shareholder Letter, 2002](https://preview.redd.it/7w246k8788771.png?width=520&format=png&auto=webp&s=eb53cda3ac21b700914e06661121670f92e2a858) + +In the tumultuous month of October 2008, this system was beginning to unravel. The money draining out of the financial system due to bank runs and frozen credit lending started to light fires in multiple financial institutions. The bombs that were Bear Sterns, AIG and Lehman had already blown up, and the fire was spreading through counterparty risk throughout the system. In fact, we were getting dangerously close to hitting the switch on the nuclear warhead- As Timothy Geitner (Pres of New York Fed) put it, ā€œ[We were a few days away from the ATMs not working](https://www.youtube.com/watch?v=QozGSS7QY_U)ā€ (start video at 46:07). (Seriously, go watch this documentary. Its fucking AMAZING). + +And the worst part of all of this? Even to this day, Regulators, and indeed even financial industry insiders, are completely blind to the risk. **OTC Derivatives are essentially unregulated- NO ONE knows the true size of this market. Worse yet, the traders inside the bank are using optimistic versions of the Efficient Market Hypothesis and VaR models to estimate their risk, which comes out to essentially 0 due to the risk models and net exposure hedging. Thus, they pile on more risk every day, ensuring that this problem continues to grow-- until the entire system explodes.** + +Smoothbrain Overview: + +* Analysts noticed statistical patterns in stocks. Small moves (1%) were much more common than large moves (20%). **They created models called Value-at Risk, which predicted extreme losses were not just unlikely, they were virtually IMPOSSIBLE.** Thus Fund managers feel more confident, and gamble on riskier and riskier investments. **The Financial Services Industry STILL uses these VaR models today.** +* Eugene Fama creates the Efficient Market Hypothesis. Since prices are ā€œrandomā€ they are unpredictable- and also always ā€œrightā€. Thus there is no way to beat the market, the best thing one can do is leverage up and ride the market up. +* Certain market dynamics like index arbitrage, counterparty risk, and shorting (both legit and naked) **create positive feedback loops, processes that feed on themselves EXPONENTIALLY (ā€˜The Ouroborosā€™) to the upside or downside. These processes can lead to extreme dislocations in price movement, like a short squeeze (GME) or a rapid equity market collapse (Black Monday).** +* Derivatives are created with the goal of reducing risk, and they do, to a certain extent, but they also **amplify risk- and create potential losses multiples greater than what the fund managers expected.** +* Through hedging, traders believe they reduce net exposure and thus overall firm risk. After hedging, they feel safe buying exotic financial products and leveraging the firm even more. They believe that their ONLY RISK is Net Exposure- but the TRUE RISK is Gross expsoure- **They essentially are BLIND to the real exposure of the firm.** +* The entire financial system is filled to the brim with derivatives- everyone is exposed. **The total notional market is estimated to be somewhere around $1 Quadrillion, with some estimates putting it even higher.** This represents what Buffet called ā€œ[A Time Bomb](https://www.investopedia.com/terms/d/derivativestimebomb.asp)ā€ in the market- as long as money flows in, the party continues. Once it stops, the Weapons of Financial Destruction are unleashed. + +&#x200B; + +# Conclusion: + +The modern international financial system, unhinged from the fetters of regulation and oversight, has created a derivatives monster whose tendrils reach across the globe. **Fed by the incessant money printer and holding the retirement funds of generations, this machine continues to bet, in ever-increasing amounts, in the greatest casino ever created. This monster, as long as it is nourished by cheap credit and ever increasing flows of cash from the Federal Reserve, will continue to grow.** + +**This is part of the reason why I believe the Fed is in the endgame- they KNOW that they cannot turn off the liquidity hose,** as they would risk destroying the system in its entirety. They have to convince themselves and the market with constant assurances that inflation will remain low, risk is non-existent, and their balance sheet can continue to grow without consequence. **Secretly, just like Citadel and Melvin, they are starting to realize they are in a burning building with no way out.** + +**BUY, HODL, BUCKLE UP.** + +**>>>>>>>TO BE CONTINUED >>>>>>> PART THREE ā€œTHE MONEY MACHINEā€** + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that ā€“ an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). +I haven't heard anyone talk about this coin since I started browsing here in October. + +I refuse to buy it. My joke is that in the year 2034 I'm laying in the street homeless at 2 AM when a guy walks up to me and pulls up his hologram wallet (BWEEP). He offers me some ADA (which is the international currency) to keep me going. I tell him "fuck you asshole" and then I freeze to death later before the sun rises. +## LISTEN UP APES, you wanna read some FRICKIN' DD? + +You wanna read some frickin' **SERIOUS DD**, written by a crayon muncher with only one good nostril and an excessive amount of toes?? + +NO, you wanna read some motherfrickin' ***GOD-TIER DD***, sculpted into existence by the very shining silverbacks of the Crayola Black night sky *themselves*, when a particularly retarded and chosen ape spilled his midnight RoseArt marker munchies onto his slinky toy and then got trapped in the mess, resulting in a **masterpiece** of lyrical wordsmith genius and timeless prosaic insanity being written in shit, blood, and bananas across the zoo facility floor, HUH????? + +# DO YA!?!? + +Well I don't think I'm gonna have the necessary word count for that, I only know like seven letters, and half of them are HODL, so buckle up this is gonna be choppy. not financial advice. my girlfriend has a husband I'm not even her main gorilla. + +&#x200B; + +[wHy dID GME sElL tHeIr ShArEs, bR0](https://i.redd.it/lgf4m9cnonv61.gif) + +So I was perusing through the notorious u/HomeDepotHank69's post history, looking for good old fashioned not-financial-advice to re-read and misinterpret in a fresh new way because my amnesia keeps making me forget that I don't memory-too-good anymore, and I stumbled past [a post from two weeks ago](https://www.reddit.com/r/wallstreetbets/comments/mqd3o5/gme_its_all_coming_together/), of Hank giving a good, clean fist-shaking to the apes that tend to stress-eat their whole crayon supply whenever news about GME comes out. + +quoting his post, all emphasis is from the original wrinkle-brain himself: + +>The news: +> +>\- Amazon + Chewey Execs being appointed +> +>\- RC being named god of the board +> +>\- GME announcing the search for new C.E.O. +> +>\- GME paying off senior notes (today) +> +>\- The announcement of GME's right/intention to sell 3.5M shares or $1B in value (this may not seem important but I'll explain why it's crucial later) +> +>\- The announcement of the definitive date for the annual meeting (6/9 lmao) + +AND GUESS WHAT BIG NEWS I SEE ON MY PHONE RIGHT AFTER MARKET CLOSE YESTERDAY, FELLOW APES. + +THAT'S RIGHT, MY GIRLFRIEND HAS OFFICIALLY LEFT ME. + +But also look at that list! + +Some big shit happened that day! + +Apes, some of that shit has been so big that we haven't STOPPED talking about in the two weeks since! + +But you know what we HAVEN'T really been talking about? + +The thing that HomeDepotHank said TWO WEEKS AGO was the most crucial thing! The [prospectus supplement](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) that was gonna let GameStop benefit from the squeeze! + +Y'know why? + +Because WE ALL THOUGHT THAT WAS THE PLAY. + +1. GME sees it comin' +2. GME lines up their shots +3. GME knocks 'em down +4. GME PROFIT + +[šŸ‘† Apes, presumably, after GameStop rolls the ball for them.](https://i.redd.it/ojkpnm9dxnv61.gif) + +No ??? in the equation: the whale had just uptooted the station, confirmation bias confirmed, MOASS says MO' ASS. + +BUT BOOM, dropping just yesterday, on the heels of an all-day rise in price and right in front of the most massive, wild, and intense orgy of hot, steaming, after-hours ***action*** that I've ever had the pleasure of napping through, GameStop, once again, ***quietly*** announces that, um, oh yeah, GME made fat money and hedgies r fuk. + +And then shills are like "OH NO MOASS OVER, NO MO MOASS, OH NO" and YOLOing every last dime they have at redditors for their account history and karma count to make paperhands do paperhand things and that's cool for them, but we ain't no paperhands, ya hedgefucks. In fact, I stepped on a rusty nail last year and my lockjaw is ***SPREADING.*** + +**SO**, my beautiful diamond-handed and tetanus-infected friends. Now that we can calmly assess the situation, since it is biomedically impossible to sell anyway: Why did GameStop sell before the squeeze? + +At first, I thought the shareholder vote was the key. Surely, enough votes had been counted that the company simply had enough facts to say, "oh fuck me! 3.5M shares ain't *shit*, Daniel! this motherfucker's shorted to *oblivion, dude!* let's make some MUH-NAAAAYYYY!" + +But in the back of my head, I just knew there was something wrong with that theory. Yes, there were definitely enough excited shills spamming the forums trying to get my control number to effectively overturn an election, and plenty of people were TALKING about voting, but I just didn't really believe there had been enough votes counted for that to be guaranteed, yet. + +For one: + +[shoutout to you, wife's boyfriend, for reading this aloud and showing us the pictures. real MVP for us all.](https://i.redd.it/gsaeu3k5vnv61.gif) + +but also, my half-rabid ass still hasn't received proxy vote materials from my broker (...errr, I mean my girlfriend just left me, and the account's in her name). + +Plus, *everyone already knoooows* the stonk is shorted. If ***THIS*** ape knew, then Papa Cohen ain't no dummy. The vote is just a paper trail to lead Helen Keller to the killer in the basement when she plays the SEC in the upcoming smash box-office success, "Hey Hedgefucks, Get Fucked 2: The Sequel To The First Time Where I Dreamed You'd Died" + +And that's when I came across Hank's breakdown, from two weeks ago. + +And it dawned on me. + +*Market manipulation.* + +# GAMESTOP + +doesn't want to be charged with + +# MARKET MANIPULATION. + +And in EEEEVERY one of the comments (or, not every one of them, I can't read, I open beer bottles with my eye sockets) some Ape or Apette was recommending that GameStop just give the market the teeeeensiest of pushes and make their full billion dollars. That we didn't need to worry about these 3.5M shares until the squeeze, and GameStop was probably our friend and wouldn't fuck us and so they'd probably sell on the way down, too, 'cause they've got enough shares right? The price only needs to be $285 for them to reap the full bounty, so let's just not worry about that juicy little bit of news... + +AND! + +IN THE MEANTIME! + +Look at all this OTHER stuff to be excited about! Daddy Ape is "God of the Board" now! New CEO search! New executives! + +And did I mention ***uh-guh-huh*** the 69 thing about the meeting? + +***And that's just what GameStop needed.*** + +Because when the investigations begin, GameStop doesn't need any reason to look like they'd benefit from some funny business. + +So they dropped the announcement amongst a TON of sexy other news, we all forgot about it (again, the amnesia thing I have), and they sold those 3.5M quietly, just like markets are supposed to work. + +But boy, they'll sure look like fools if the rocket takes off tomorrow, won't they? + +Because what idiot would sell before the squeeze, amirite? + +[what? it's the lockjaw](https://i.redd.it/94ufwe4c1ov61.gif) + +TA;DR ā€” the whole world is sleeping on GameStop's moves, because nothing is more captivating than inappropriate humor. + +. + +Disclaimer: not financial advice I don't know shit about fuck and you can quote me on that, please don't pick on anyone named Daniel I just pulled that name out of a hat, also hedgies r fuk and please quote that one too. + +&#x200B; + +Edit: my smooth ass-brain forgot to obligatory šŸ’ŽšŸ‘šŸ¦šŸš€šŸŒ™ + +Edit edit: I wrote this post as midnight happened and started mixing the words "today" and "yesterday" at some point. idk i'm dumb. +Assuming your algo is designed to run constantly in the background, whatā€™s the best method for doing so? Do you prefer to use cloud networks - like AWS or Azure? Or do you have scripts running off personal work stations? + +I personally use Google Cloud Functions with Python scripts, but Iā€™m wondering if thereā€™s a more efficient way to do things. Iā€™m completely self taught, and still new on some of the more advanced concepts in this field. +Offer was verbally agreed upon, just had to get it in writing. Had my conveyancer look over the contract before signing who noticed the apartment was under two body corporates one of which was not listed. + +Turns out they had somehow missed it and had been advertising the outgoings on the place based on just one body corporate. + +Noped the fuck out out of that place as the low body corporate was what had attracted me in the first place. + +Just wondering if anyone thinks they deliberately tried to do this? +-The real estate agent got mega pushy less than 12 hours after sending me the contract to sign when I said it was with the conveyancer. +-How could their conveyancer/real estate agent/owner have missed this? + +Hypothetically if no one had noticed and it had sold what would have happened? Would it just have been tough luck on my part ? +If you were in your mid 30s with family in mind, where your S/O could eventually find work making roughly the same they make now. Would love to hear how the FIRE community views the landscape for relocating. +I was reading the post about favorite stocks to write weekly CSPs on. Seems like a lot of people love Tesla for this. Personally, due to its cost I have never considered it. But I looked at the premiums and theyā€™re pretty amazing for a weekly contract. With a 200K account you could do three contracts at a strike price $100 less than the trading price and the premium would average about 5.50. Thatā€™s $1650 a week or close to $87K a year. Of course, there is loads of risk due to a lack of diversification and also due to Teslaā€™s ability to make huge moves. But with a buffer of 100 points you would have some warning if it started to dive which would allow you to roll a contract or cover it yourself. + +Just wondering everybodyā€™s thoughts on this. Currently, Iā€™m trading with a 200K account juggling CSPs and CCā€™s on a bunch of different stocks and ETFs. It requires pretty much full-time management the way Iā€™m doing it. This TSLA CSP idea seems like an easy way to make great premiums/income on a fairly regular basis. Iā€™ve been trading successfully for a living now for about two years. My income has been consistent with effort but Iā€™m not a gambler, so maybe this idea with Tesla is too much. I would love your input. Anyone else trading a bunch of weekly contracts on TSLA? + +Sorry if this is just a dumb, naive post. Iā€™ve been selling covered calls since last January but only started doing CSPs a couple months ago. +The BP effect says I only need around $4k to make this play. So just wondering am I missing something? Seems like as solid a play as one could make, obviously depending what SPY is doing but generally speaking. +Can someone explain to me what this means? I am regarded so sometime I have trouble understanding. Bezingies says shorts have risen 130%. Is this good for squeeze or ? This was from Thursday.. + +" The company recently reported that it has **30.76 million shares sold short**, which is 108.86% of all regular shares that are available for trading. Based on its trading volume, **it would take traders 0.9 days to cover their short positions on average."** + +&#x200B; + +What does this mean??? + +(PS. This is a re-post my other one got removed for some reason.) +One of my friends bought a house for $300k as an rental property. But I don't understand how they'll be able to make money from it. Even if they charged rent at $2k/month, it would still take 12.5 years to make back their investment cost, not including the maintenance and utility charges. Maybe I'm missing something. If anyone could shed some light I'd appreciate it. +I have a comfortable (benefits/100k)union job here in NY. Feel a bit trapped with how many hours I work and still have a desire for more $. Went to visit my cousin down in Greensboro NC to see how he can help. He runs a small real estate operation down there. He runs the brokerage, management, and is the agent. He flips/wholesales/rents. He has been in this space for 10 years. He has offered for me to start finding leads, skip tracing and cold calling. And will place me in a car dealership for some sales training and an income until I convert solely the real estate. To people already in this space, does this sound like a good entry into this real estate game? +So I understand companies make money at IPO by selling a big chunk of stocks to a bank. And then the bank sells those shares to the public. But after that, stocks go to secondary market: I buy from you and you make money, the brokerage makes money. How does Apple make money because the stock price goes up? Does that mean companies own their own stock? +My girlfriend and I have been saving for a house deposit for the last 10 years, because of a variety of reasons we've never been in a place to buy but we just kept on saving figuring that if house prices rose we'd be annoyed if we didn't. + +Now we're actually thinking of buying as our circumstances will be changing in about 6 months or so and I'm looking at mortgages for when we look at houses then, trying to sort of scope out the market etc. Our combined income is Ā£60k and we've saved Ā£110k (2 s&s LISA maxed out from the start and a savings account). We can get a house we want for about Ā£320k at the moment, this might go up of course. + +I think we should be able to get a mortgage for this (and at quite. Bit less than we have been spending on rent) but basically is it worth actually putting Ā£100k into the deposit. This will leave us about Ā£10k to cover moving costs and other than that we have no savings at all. Obviously we haven't been in this position for quite some time - I've got quite used to having a massive safety net! + +Just wanted to check we shouldn't cut the deposit a bit more to give ourselves more savings to spend in the first few months of ownership, or if it's normal/wise to completely clear yourself out! +I just realized that DFV is literally more than all in on his GME position. + +From his gains from selling calls he made $13.8MM and to his current cash settlement he's down to $3.5MM from double-doubling down. +His taxes on the $13.8MM will be $5.1MM (37% on over $523,601bracket, yes I'm simplifying this and over taxing him by a bit). + +His current cash holdings are $3.5MM, so he's technically in the hole as far as cash goes by $1.6MM. + + +Legendary. + +Granted, when this is all done his tax bill will look like 11-dimensional string theory. +I'm looking to buy a house. + +I viewed a great place this past weekend on the market for Ā£250k. I called up the estate agent on Monday prepared to meet the asking price. + +On calling, I was told that they already had three bids; one of Ā£255k, one of Ā£260k, and one of Ā£280k. + +In response to this, I put in a bid for Ā£260k. + +Ā£280k is higher than I'm willing to go, but as a first-time buyer with no chain, I figured I'd be as attractive as the other Ā£260k bid if the higher one fell through. + +&#x200B; + +Fast forward to today (two days later) I just got a call from the estate agent, saying that they're going to final offers tomorrow (not too sure what that means), and that the current top bid is Ā£280k, and if I want to increase my bid, I have to do it by 11am tomorrow. + +I told her I'm not willing to go to Ā£280k at which point she immediately backtracked and said I could still put in an increased offer; it doesn't always go to the highest bidder. + +&#x200B; + +I'm a first-time buyer so this is my first time doing this, but someone putting in an immediate bid of Ā£280k on a house valued at Ā£250k seems very odd to me. So I have three theories: + +The first is that the market is so ultra competitive at the moment and this is a very nice house, that this bid is legitimate, and the bidders wanted it so much and didn't want to faff around, that they immediately bid what they thought it would take to get it. + +The second is that the owners need to move quickly (they told me so when I viewed the house), and so this bid of Ā£280k was to keep it on the market to run-down the clock, and then when the sale is almost complete, they'll reduce their offer knowing that the owners have nowhere else to turn. + +The third is that it's a fictional offer made up by the estate agents to trick people like myself who have no idea what's going on, to offer more money. + +&#x200B; + +I think I'd be willing to go up to Ā£270k on this house, but anything more would be putting myself in a difficult financial position. But even so, offering an extra Ā£10k on what might be nothing more than a fictional offer, is concerning me. It'll take me almost a year to save that Ā£10k back up again. + +&#x200B; + +So I wanted to ask for the opinion of anyone who knows this market better than I do (so basically anyone). What is most likely going on here? And should I increase my offer, to Ā£265k or even Ā£270k? Or should I hold firm? + +&#x200B; + +&#x200B; + +EDIT: Thanks for all the comments. There were too many to respond to them all, but I did read and take on board every one. + +For anyone who finds this thread in the future, I decided to stick with my initial offer of Ā£260k, and I did not get the house. The vendors accepted a different offer. + +I don't have the details of that offer, but it leads me to believe that an offer above my own did exist. +&#x200B; + +https://preview.redd.it/avi0e7rw7rg61.png?width=1640&format=png&auto=webp&s=c282ef0313e88524548ac6034f5d6c8096730ed9 + +# - What is Sugarmade? ($SGMD) + +Share price : **0.0086** \- Under a penny + +Market Cap : **26.69M** + +Outstanding shares : **3.1B** + +Volume : **524,620,095** \- Up 10x + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Sugarmade, inc** is involved in two main business areas: + +* The supply of consumable products to the quick-service restaurant sub-sector of the restaurant industry, and as an importer of non-medical personal protection equipment to business and consumers (Watch the edit for more information about this) +* As an investor in the **Budcars** licensed cannabis delivery service brand and as an equity owner in Budcarsā€™ first operating location in Sacramento, California. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Budcars (the reason it's a promising company)** + +* During early 2020, the Company gained a 40% stake in the Budcars brand and in the Sacramento delivery operations by acquiring a 40% stake in Indigo Dye Group (ā€œIndigoā€). Under the terms of the agreement with Indigo, Sugarmade acquired an option to purchase an additional 30% interest in Budcars, upon which will provide the Company with a controlling interest. +* MONROVIA, Calif., Nov. 05, 2020 ā€” via InvestorWire ā€“ Sugarmade, Inc. (OTCQB:SGMD) today announced that in anticipation of the planned expansion of the BudCars cannabis delivery service into **new territories**, Sugarmade has undertaken an analysis of the efficacy of marketing spending relative to market size and population for the existing BudCars regional delivery footprint. Sugarmade believes this may provide some insight into performance benchmarks and expectations related to the anticipated expansion into the **North San Francisco Bay Area and the Wine Country counties, followed by Los Angeles**. +* BudCarsā€™ current territory serves an area comprised of a total population of 2.6 million residents in Northern California, with 16,252 customers (representing 0.6% of the total population) using BudCars to date in 2020, spending a total of $3.4 million on BudCarsā€™ cannabis deliveries this year, with an average per-customer spend of $213 and an average order size of $129 across over 29,000 separate orders. BudCars has invested more heavily in marketing to residents of Sacramento, where 1.29% of residents have been active as BudCars customers this year, accounting for over half of total BudCars sales. +* BudCarsā€™ expected expansion over the next two months is anticipated to open up a regional footprint that may include as many as 20 million new residents with access to BudCarsā€™ cannabis delivery service. + +Key points : + +* Sugarmade has a **40% stake** in Budcars +* Budcars generated **$2mil** in gross receipts, and more than **60% growth** in net sales for the 3 months period ending in september 30, 2020 +* Budcars is currently avaible in Sacramento but plans on expanding into the **North San Francisco Bay Area and the Wine Country counties and Los Angeles**. +* This expansion would lead to a market **9x** bigger than Sacramento +* Great line of products : edibles, flower, pre-rolls, vapes, tinctures and concentrate from dozens of brands(All delivered right to your door) + +Budcars reviews : + +&#x200B; + +[Weedmaps profile](https://preview.redd.it/le5hgyth2rg61.png?width=750&format=png&auto=webp&s=0cf1f21ecde3c18a4cfa21f266263b9d9cc98a96) + +Budcars website : + +&#x200B; + +[Homepage](https://preview.redd.it/my0xay5e2rg61.png?width=1869&format=png&auto=webp&s=491236146f8aabb17ed77aee16a1b4797d6efe03) + +https://preview.redd.it/bve20o1d2rg61.png?width=1839&format=png&auto=webp&s=ec260b8097a62b3d9f4176b9c18c767270acbc15 + +Their website looks clean and actually works really well. Unlike most of the companies posted here + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Why is it getting attention now? (Catalyst)** + +During the initial purchase, Jimmy Chan Sugarmade CEO said : + +>*ā€œSugarmade is in talks with multiple other licensed cannabis processors, delivery services and retailers for similar business combinations, as part of our corporate growth initiative. We plan to take advantage of the many changes in the California marketplace, with Budcars being the first of what we expect to be many other growth-oriented corporate actionsā€* + +On **February 4**, 2021 he tweeted this : + +https://preview.redd.it/0kgain1g2rg61.png?width=583&format=png&auto=webp&s=ad858010b4551b41ec4cd95ebcdd8af4dcb5f6ea + +Looks like Sugarmade is almost ready to expand their business outside of Sacramento directly to Los Angeles. This would be a catalyst that could lead to a **huge increase (10x or more)** in the stock price. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Links** : + +Budcars : [https://budcars.com/](https://budcars.com/) + +Sugarmade (news for shareholders) : [https://sugarmade.com/](https://sugarmade.com/) + +Weedmaps profile : [https://weedmaps.com/deliveries/budcars](https://weedmaps.com/deliveries/budcars) + +Carryoutsupplies : [https://www.carryoutsupplies.com/pages/about-us-1](https://www.carryoutsupplies.com/pages/about-us-1) + +Recent SEC 8k filing : [https://sec.report/Document/0001520138-21-000052/](https://sec.report/Document/0001520138-21-000052/) + +&#x200B; + +&#x200B; + +Credit to [u/chrissome1](https://www.reddit.com/user/chrissome1/) for bringing this to my attention + +**Position :** + +\- 500k @ 0.0045 + +Sold @ $0.018 following the release of the offering circular. Might buy again once the dilution stops. + +**Disclaimer:** + +\- This is not financial advice, do your own DD + +&#x200B; + +Edit : + +\- So some people have been talking about the slow delivery time on yelp review/weedmaps, this is worth looking into before investing. Hopefully they are woking on it + +# Important : Sugarmade enters into lease agreement with LMK Capital + +Somebody brought this to my attention + +* Sugarmade entered into a lease agreement with LMK Capital for 5 acres of cropland inĀ Northern CaliforniaĀ that is zoned for **cannabis cultivation.** +* Sugarmade intends to establish and operate a licensed cannabis production business capable of producing as much as **3.6M grams of high-quality cannabis flower per year** +* [https://seekingalpha.com/news/3618385-sugarmade-enters-lease-agreement-lmk-capital](https://seekingalpha.com/news/3618385-sugarmade-enters-lease-agreement-lmk-capital) + +\- **Recent SEC 8k filed recently ajusted prefered shares** + +[https://sec.report/Document/0001520138-21-000052/](https://sec.report/Document/0001520138-21-000052/) + +**CarryOutSupplies** **(Another business they are involved with)** + +>the leader in paper and plastic take out supplies, is all about having the assurance of quality products, low prices and reliable customer service. Our company started serving the local marketplace in 2004 and expanded our operations in 2007 to serve nationwide demands. We have continued our growth each and every year by maintaining and increasing a loyal clientele. Businesses trust and rely on CarryOutSupplies.com because we offer a wide array of high quality products ranging from custom plastic cold cups to logo-printed food containers. These companies continue to do business with us because we always deliver custom-made products on time and as promised. + +[https://www.carryoutsupplies.com/pages/about-us-1](https://www.carryoutsupplies.com/pages/about-us-1) +My parents and aunt have gotten themselves into huge financial trouble. + +Currently, they owe around 350k on the house and have missed repayments totalling to 30k and have been given notice to vacate the house within the week if they cannot make the 30k repayment. Originally the debt was about half but they had decided to build a granny flat on the property back in 2017 and refinanced the house on another 15 year loan, at first they were able to make the repayments when my dad and aunt were working but he no longer works due to illness, mum cannot work due to disability and my aunt only works part-time so she isnā€™t making enough to cover the $3200 monthly repayments. + +They have asked me [F/27] if I could take on the mortgage of 350k. They have said theyā€™ll change the house into my name and will help with the monthly repayments. + +My 2 sisters and I still live here but I really do not want to do this as: + +1. I only make around 50k/yr + +2. It is a HUGE responsibility on me and will impact me greatly in the future financially or if I ever wanted to buy a house plus I still have a car loan and student loans to pay off. + +However, if I donā€™t do this my family is going to lose their home. Iā€™m at a lost at what to do because I donā€™t want my family to essentially be homeless but I also donā€™t want to take on this financial burden. +# Table of Contents: + +1. **Introduction** +2. **Why XRT price matters** +3. **Options data hinting at big moves** + 1. February 18, 2022 - THIS COMING WEEK + 2. March 18, 2022 - MOTHER OF ALL OPTIONS ABNORMALITIES +4. **TLDR** +5. **What my next post will cover** + +# Introduction: + +Hi all, Substantial\_Papaya here to shed light on some massively weird stuff happening in the options chain for what seems to be one of the most abused ETFs known to man, also known as XRT. I am in no way an expert on any of this subject matter but I have written about XRT previously in the "before times" (around mid-March 2021) shortly after our first subreddit migration. Interestingly enough, however, I discovered that my post on XRT rebalancing pops up very early on google searches including those key terms. If you're interested in more information about XRT and my earlier predictions for how it could impact the price of our beloved game retailer go ahead and check it out! I sadly cannot include a link in this post because automod will be grumpy with me for doing so. My post history should be easy enough to find if you are curious! + +# Why XRT price matters: + +To put it simply, the price of XRT has been positively correlated with GameStop's for a long time. **What this means in ape speak is that as XRT goes up so does GameStop.** Importantly, the price has been increasingly correlated as XRT has seemingly been used to drive down the price of our favorite "dying brick and mortar store" over time. Check out the following chart if you are already lost or just happen to be more of a visual person such as myself: + +[XRT price correlation for the past \~1 year](https://preview.redd.it/ts4z77u88ph81.png?width=1517&format=png&auto=webp&s=2508e438425f53c52e0a14690f35b04d1fe617c7) + +I tried to add captions to make things easier to follow along so hopefully you are still with me at this point. As you can see, XRT's price is strongly correlated for a good chunk of the year with the exception of a few big deviations which can be seen by looking at the indicator on the bottom of the chart. **Currently I have no idea what causes these big deviations so if you have any thoughts please let me know.** They do not seem to be related to rebalancing dates and I cannot think of other factors that may have influenced the correlation other than a change in tactics by SHFs. It also appears that we may be entering another phase of reduced correlation based on the larger fluctuations that have been occurring in XRT's price which do not seem to coincide with movements for GameStop quite as well. I would love to be able to say that these fluctuations predict large swings in price but that does not seem to be the case as far as I can tell so hold your horses before getting too jacked. + +One thing I was curious about was how XRT has correlated historically with other big price jumps GameStop has seen in the past and I was not disappointed. The last time this seems to have occurred was 2013-2014 so let's take a look at the graph below to gain some insights: + +[XRT price correlation 2013-2014](https://preview.redd.it/ahhwx7e5bph81.png?width=1512&format=png&auto=webp&s=aff7678534c34187d92e3346901b68d010525ab0) + +Again, there are captions on the chart but I'll point out some key facts here too. GameStop traded between a low of $16 to a high of around $27 for over four years from 2009 to early 2013. As 2013 continued, the price spiked up to over double the high of the previous four years ($27) to $57.59 in November 2013. Slowly but surely the price then fell from this high and ended up being the highly abused and naked short sold stock that we all know and love today. I don't know about you but the price sure does seem to be correlated here as well, doesn't it? Interestingly, there seems to be a lot more fluctuations in correlation during this period of time for some reason, although these appear to coincide (somewhat) with XRT rebalancing dates based on first glance. Admittedly, I am just now making that realization as I am writing this post so I'll have to revisit that hypothesis at a different time. **Also, I do not have access to any historical options data because it seems that the only way to acquire that information is to pay for it and I'm a graduate student so that ain't happening. It would be absofruitly amazing if someone could give me access to this information as it might help clear some things up.** + +While finishing up this post I decided to actually go back and add the two following charts to see how correlation between XRT and GameStop has fluctuated over their lifetimes: + +[XRT Correlation on Weekly Chart](https://preview.redd.it/nuvv7dq07qh81.png?width=1516&format=png&auto=webp&s=c75a3535da351ea1054fb5b3edce83ecebe09597) + +**IMPORTANT NOTE: Caption is mixed up! Should say XRT = blue line (price = left side) & GME = orange line (price = right side)** + +On this weekly chart we can see that, over the course of their respective lifetimes, XRT and GameStop appear to have persistently maintained this fluctuating pattern of positive correlation. It appears that the strength of the correlation has recently reached it's highest ever previously recorded point (0.96) as of January 31, 2022 and has remained there since. Notably, this level of correlation has only ever been reached once before in 2009. + +[XRT Correlation on Monthly Chart](https://preview.redd.it/a4enyiw37qh81.png?width=1441&format=png&auto=webp&s=f6c15fdd072d94928b07716a4dc3b95e579657ec) + +**IMPORTANT NOTE: Caption is mixed up! Should say XRT = blue line (price = left side) & GME = orange line (price = right side)** + +On this monthly chart we can see that the pattern of fluctuations continue but with a notable difference showing that correlation has been consistently above 0.70 for the past \~1 year. As opposed to the weekly chart, this monthly view suggests that GameStop and XRT have been showing a strong positive correlation for a longer period than ever before. + +**Mini TLDR:** The price between XRT and GameStop is positively correlated as we can see in the first chart. The second chart shows us that they were correlated during GameStop's last spike in 2013 but less so due to larger and more frequent deviations between the two. Over their respective trading lives, XRT and GameStop appear to have maintained a relatively high level of positive correlation. The weekly chart suggests we have entered a new period of high correlation while the monthly chart shows that GameStop and XRT have been more positively correlated recently than ever before. + +# Options data hinting at big moves: + +To be honest, I had no reason to look at XRT options data until I stumbled across a post by u/b0atdude87 which highlighted how bizarre all of this really is. Now I won't lie, those heat maps make absolutely no sense to me so I went through and created some charts that I hope will be helpful in showing you all what we're both talking about as far as XRT options being completely bonkers. First, let's start with what the available options chain data looks like: + +[XRT options chain based on all available data](https://preview.redd.it/0r001jx9hph81.png?width=1107&format=png&auto=webp&s=11cca95a2d36e8d83f38696c46db795526d20c80) + +Unless you are an ape of truly impressive proportions I am pretty sure that you can see how strange this all looks. Better yet, if you're an optimistic ape like myself, you might be getting slightly jacked about the message it sends because it may indicate big moves in the relatively near future as this represents a TON of options. Just because it was possible I went ahead and separated out the calls and puts into separate charts to show a bit more of the data: + +[XRT Puts](https://preview.redd.it/5o9u1vxtjph81.png?width=738&format=png&auto=webp&s=6bb4d59352cacbc8a713fa736e41df333ed59f2d) + +[XRT Calls](https://preview.redd.it/c9kazwiujph81.png?width=789&format=png&auto=webp&s=ed071e412cb455f97bd3ac5cc2704f801922bd8f) + +Based on this, it seems very clear that whoever is putting money towards these options heavily favors puts. Intriguingly, they appear to be favoring both calls and puts on several key dates in the future. **For this post we're going to be focusing on two dates which seem to be of particular importance and because they are closest to the present: 2/18/22 and 3/18/22.** + +Disclaimer: the following charts might be a little difficult to read because of the amount of strike prices included. If you are unable to adequately read them I will try to add summaries after each to highlight the main points. You can also easily access options data for these dates through a variety of different sites if interested. I would highly recommend doing so as things will undoubtedly change moving forward when more puts/calls are opened. + +# February 18, 2022 - THIS COMING WEEK + +[XRT Puts & Calls for February 18, 2022](https://preview.redd.it/x7a9047nkph81.png?width=2745&format=png&auto=webp&s=b2cde9b9a95a2ed05f93fa48e425de0f847345a3) + +[XRT Puts for February 18, 2022](https://preview.redd.it/1w4hdi9okph81.png?width=2746&format=png&auto=webp&s=30ce5cdb333e4eb7d8d7b04d53094beb2dcc2d52) + +[XRT Calls for February 18, 2022](https://preview.redd.it/8rq5q63pkph81.png?width=2746&format=png&auto=webp&s=88c08298b5a3de0b8be124024593f89ca71fa2ba) + +Alright so first thing that jumps out here is that there are a ton more puts than calls, as previously noted. The second chart looks like there are the highest number of puts at the $74 and $75 strikes but these are followed by high amounts of puts at $70 and $65 as well. Considering the current price of XRT, which is $79.44 as of closing on Friday (February 11th), these puts might be indicating a drop of anywhere from $4.44 - $14.44 over the course of this next week which I believe translates to anywhere from a 5.69% - 18.28% drop *in just one week.* + +Calls, on the other hand, are much more optimistic which might feel nice to read about but please keep in mind that there are FAR fewer calls. This might mean absolutely nothing at all but I think it's important to note that the difference is staggering and indicates that someone or some organization is betting an absolutely wild amount of money that the price will go down rather than up *this week*. That said, looking at the chart we can see that the top four call strikes for this coming week are $100, $93, $90, and $101 (ordered by highest number of calls). This would mean a rise in price of anywhere from $10.56 - $21.56, which percentage-wise would be equivalent to 11.74% - 21.35%. + +**Even though XRT and GameStop are correlated I am going to avoid speculation about how much of a change we may expect in price of the latter based on these calls/puts. My brain is spinning just writing this and I haven't the foggiest idea of how to go about quantifying how the correlation would translate to actual price change for GameStop. If you are smart enough to do so please feel free to comment, I'd honestly love to see.** + +# March 18, 2022 - MOTHER OF ALL OPTIONS ABNORMALITIES + +[XRT Puts & Calls for March 18, 2022](https://preview.redd.it/ben0fksvoph81.png?width=2717&format=png&auto=webp&s=1786c1c4e97b45716c5c41ee4fe45c42a80ad904) + +[XRT Puts for March 18, 2022](https://preview.redd.it/6np5xgozoph81.png?width=2719&format=png&auto=webp&s=8db2ad3363fff82fb791211459deda018606a768) + +[XRT Calls for March 18, 2022](https://preview.redd.it/xa33cq52pph81.png?width=2719&format=png&auto=webp&s=050f9e76dd8c6d85247b8968b4d642e5319d31e6) + +**Note: There is such a HUGE variation of strike prices for this date that it makes including all the options data in one chart very difficult to see. I'm tired and don't want to change these charts so please zoom in or check out the options data for yourself on any of the million websites that offer this information for free.** + +Alright since that's out of the way let's talk about what we observations we can make based on this information. Again, there are a ton more puts than calls which would suggest that someone, something, or (most likely) some organization is heavily betting against the notion that price will rise dramatically. **Despite the crazy number of puts, this data indicates an expectation that price will rise when compared to what we just saw for February 18th.** The top five strike prices with the highest amount of puts this time around seem to be $80, $70, $75, $78, and $72. Compared to the current price of XRT this would translate to anywhere from a $0.56 rise in price to a $9.44 drop which percentage-wise would mean anywhere from a 0.7% rise to a 11.89% drop. Before moving on to talk about calls I have a couple of thoughts here. Firstly, I decided to discuss five strikes for this date because of how close several were and leaving one out seemed relatively pointless given the close numbers of puts here. Notably, the $80 strike price has ONE MORE put open than the $70 strike which seems weird but is probably nothing considering both have over 43,000 puts each. + +As far as calls are concerned, things seem to be increasingly optimistic based on the top five strike prices which appear to be $110, $93 $86, $84, and $90. Notably, the $100 strike price appears to have a very similar number of puts as that of the $84 and $90 strikes but did not make it into the top 5. Overall when compared to the current price of XRT, this call data would suggest a rise in price anywhere from $4.56 - $30.56, or in percentage terms, a rise of 5.74% - 38.47% over the course of the next month. + +# TLDR: + +**Why XRT's price matters:** Overall, XRT's price seems to be positively correlated to GameStop's stock price. This correlation is not something new as it appears to have been present during GameStop's last historical spike in price which occurred in late 2013. Even though the correlation is not new, XRT and GameStop stock prices seem to have been more frequently and strongly correlated over the past \~1 year than in 2013-2014. Therefore, a big rise or fall in XRT's future price would likely coincide with a similar rise or fall for GameStop. There are insanely weird options data for XRT on several key dates in the future which include 2/18/22 (this coming Friday) and 3/18/22. Options data include far more puts than calls for the four dates in 2022 with options anomalies. + +**Options data hinting at big moves:** For 2/18/22 (this coming Friday), puts are obviously more bearish and the top four strikes suggest a drop in price for XRT from 5.69% - 18.28% while calls are optimistically bullish with the top four strikes indicating a jump from 11.74% - 21.35%. Options data clearly shows 3/18/22 as a considerable outlier and I have dubbed this date as the "mother of all options abnormalities" as a result. Puts are still bearish but appear to foreshadow a more optimistic future as the top five strikes suggest anywhere from a 0.7% rise to a 11.89% drop. Calls are again optimistically bullish with the top five strikes indicating a rise of 5.74% - 38.47% over the course of the next month. + +# What my next post will cover: + +How ETF rebalancing likely led to GameStop's gigantic March 2021 crash by giving SHF's fuel to trigger stop losses + +What upcoming ETF rebalancing may do to GameStop's price, why this may serve as a catalyst for MOASS, and how it could lead to a drop in price later on + +Why XRT options data for Jan 2023 + 2024 have me jacked beyond belief +Hi everyone, looking for some life advice from those who have achieved FI. + +I knew I wanted to FIRE right when I started college, and began saving and investing then. I've now hit the "monthly expenses / 3% SWR" number in savings (high COL area, but high paying job), which at first was really exciting. + +But I don't know what to do now. This was such a big goal of mine for the past 10 years, that now that I've hit it I don't know what else to work towards. I like my career, and a big part of my identity and social group is work (I'm in finance...). So retiring early seems unfulfilling and socially isolating. But I'm unmotivated at work now that I feel like I've "got mine" already. + +I guess I could inflate my lifestyle and find a new goal, but that's the opposite of what's usually advised here. + +Fiance is a nurse, and she's not interested in retiring THIS early (barely out of school). + +Anyone else feel this way after hitting goals? What do you fill your day with after spending so much passion/effort to get to FIRE in the first place? Is it fulfilling? +I give a budgeting class to a group I volunteer for. Some of the other volunteers have asked for help with their personal finances. Many of them do not speak English well (I am in U.S.) and have problems with trusting so it is likely advice from me or none at all. I am happy to do it but I am worried about taking on liability if I give any advice on insurance or investing. I am experienced and confident I can help but I am not in any way licenced for that (I do financial and controlling I.T. work). Am I being paranoid in thinking there might be some risk? Is there anything I can do to protect myself that would easy to do? + +Edit: Thanks to everyone who responded. You have given some good advice on pitfalls to avoid and pretty much confirmed our instincts. +Okay, I'm new to stocks and the market in general, but I've got a hypothetical question. What is someone bought 50m worth of netflix stock in 2012, when it was 10 dollars a share, and they wanted to sell it? How would they go about liquidating this without crashing the market? Would such a thing be possible? +There have been a lot of threads about the great recession on reddit lately, and it's dredged up some old feelings. I graduated college in '08, and finally got a job after scraping by on disability till my mid 20s. The recession was rough on me and my classmates, and I always thought it was just a matter of time before I'd lose my job and become an unemployable hobo sleeping under a bridge somewhere. + +When I learned about FIRE, that seemed like the best way to feel 'safe'. I know it sounds silly, but I my milestones centered around being able to afford basic necessities for life; food, rent, a car every 10 years, etc. I hit FI a few years back and I could finally afford *everything* I needed, and increasingly, a lot of wants too. + +The weird thing is I've internalized the 'you can only afford what your investments provide' to the point where I'll catch myself thinking 'damn I wish I could afford that', when if you look at my comp from my day job I can *absolutely* afford that. It's like I act as if I'm already retired. + +Has anyone ever dealt with this sort of thing? Is this a consequence of my background or a cautionary tale of not 'living the life you want, and saving for it'? +Iā€™m big into Qualcomm ($QCOM). I think theyā€™re massively undervalued for their currents prospects, but also for their continued growth potential and their upcoming superiority in the 5G market (Iā€™ll leave it at that so this doesnā€™t get mistaken for a pump post). + +Basically, I know the bull case. I am long shares and I have LEAPs. But hoping someone can give me the bear case just so I know Iā€™m not missing anything. + +Any and all thoughts welcome. Thank you in advance. +Iā€™m not big into economics and the stock market, but I was reading about Spotify today. + +Just wondering how a company that doesnā€™t make a profit is able to still run? It lost over $1.5 bn last year. + +There is probably a simple answer. Thanks for taking the time to read. +The writing is on the wall. They can delay is for as long as they want but you don't want to get trucked stick when the train comes thru. + +China has already pulled their money from the stock market under the guise of "Tech Crackdown". China didn't all of a sudden change. They just pulled their money out. + +MSM is not transparent about reporting large China Property developers and affiliates not paying international bondholders. + +Supply Chain issues. So you may have product stuck on a boat, but how are you going to sell it. Car sales downs 32% last I heard from chip shortages. + +World renowned Bankers lying about "extraordinary demand" and future expectations of stock market when large population will be taking income from 401k's and pensions that are already underfunded. + +Inflation is on the rise which will reduce consumption and reduce savings. + +Margin at all time highs. So as stocks like Fedex, Nike, Fakebook and bonds suffer downside events collateral requirements may be breached causing downside shocks to other stocks. + +The unwinding can be devastatingly quick or a slow bleed. That's my take. + +Edit 1: [https://www.cnbc.com/2021/10/12/jim-cramer-says-the-stock-market-is-incredibly-confusing-right-now.html?recirc=taboolainternal](https://www.cnbc.com/2021/10/12/jim-cramer-says-the-stock-market-is-incredibly-confusing-right-now.html?recirc=taboolainternal) + +&#x200B; +We responded to the dip with solidarity and rationality without any panic or unease anywhere to be found. They can't shake us on price, so now it's back to the other side of the playbook: faux outrage and reminding us the system is inept. + +SEC posts, Nancy P bullshit, Evergrande and other nothing burgers. We didn't respond with emotion to the price, so now they want to stir up emotion to undermine that rationality before they try again. + +Haven't seen this much shit to drown out purple circles and DRS in a while. + +Things are getting exciting again! +Over the years I've learnt lots about loyalty. I have learnt that there are great people in the world who do amazing things. I have also seen the opposite. I'm sure there are counter-examples so please don't think the world is all a bad place. + +**Example 1: Friend accepts an offer. Leaves job. Offer is rescinded.** + +* My friend left a reputable organisation. He had a stable job. He was offered a job with another organisation, a bit smaller, but it did have a great reputation. For various economic reasons, the offer was rescinded after he accepted it. He had left his previous job, which was then filled by an internal transfer. He was left without a job for 14 months. This guy was highly qualified too and was earning over $150K. +* He told me he would have been in a better position if he had simply taken some annual leave to "try out" the new job (with little downside risk as the role was not visible and he did not have linkedin). If it did not work out, he would have kept his old job. + +**Example 2: 5 year loyal employee paid less than me in same position even though he was way better** + +* A while ago I started with an organisation. I played hard to get and was eventually offered a 15% higher salary for everyone in that role. +* Later discovered that a 5 year employee who had been with the organisation and was WAY better than me was paid much worse. +* Guess loyalty doesn't pay. Should I feel bad about this? Then again, banks do this all the time when it comes to home loans. Newer customers get better rates. + +**Example 3: Star employee given harder work** + +* Diligent, star employee I was working with in a previous job never had the guts to speak about a pay raise or promotion. I would go to lunch with him and he would always tell me how he "expected" this to occur on merit alone. +* He was always complainnig that hwas given most work of any employee. + +**Here is the bottom line for me:** + +* There are lots of organisations that treat employees fairly and equitably and promote based on merit +* But I think it is also unreasonable to deny that there are many employees who will use their employees for maximum gain for minimum reward. Remember at the end of the day this is a business. Every dollar counts. Every employee is replaceable. +* The saying that it is a "dog eat dog" world is in many cases true. Loyalty and fairness are not inherent rules in organisations and it is naive to expect that they are values that will always shine through. +The coming of a new era? Yahoo (NASDAQ:YHOO) put out a live-stream of yesterday's Jaguars-Bills matchup for free, marking the first NFL game to be available primarily over the Internet. The move was symbolically significant for the league, which wants to start experimenting with digital distribution, and likewise for Yahoo, which has become very interested in Web video under CEO Marissa Mayer. According to people familiar with the agreement, Yahoo paid $20M for the rights to the game. +I might be getting 1M sent to my bank account next week. How much money do you keep in a bank account and is there something you do if the amount is too big. Savings accounts? Separate accounts? Just wanna hear from your experience because I am not from US originally. +I couldnā€™t think of a better/ less nefarious title, so sorry about that. + +Iā€™ve always been interested in if big donations to charities, politicians, universities has helped anyone grease the wells, for lack of a better term. Nothing illegal of course, but you always hear about someone giving $20k to a big city mayor, the and then that someoneā€™s kid gets a $80k/yr job doing diddly. I guess another example is buying into a country club or long-standing city club, and using connections there to help oneself or their family get ahead in life. + +Have you ever used money to exert some type of social influence, and if so, what do you think was the best dollar for payoff? + +And again, really hope this doesnā€™t come across as too crass. +# Last year they illegaly colluded to stop retail from buying. + +**Don't forget this.** + +**Then they drove the price down** [80% on next to no volume](https://i.imgur.com/1wBDm2Z.png)**, making most of the late january YOLO option plays Out of the Money.** + +**This way they effectively stole a large amount of shares and money from people. And got away with it.** + +\------- + +Nobody stopped them last year. We saw in the congressional hearings that the politicians are even dumber than we are and they won't be stopping anything. + +We've seen how the SEC stands idly by while financial criminals fleece retail for money. + +The market is completely fraudulent, ruled and self-regulated by criminals who collude to scrape every penny out of every fool they lay their greedy eyes on. + +This is why people buy shares and DRS. Because they remember what happened last year. + +Do whatever you want. Buy options, put bananas up your ass, I'm not stopping you. + +\-------- + +# Why I hodl / hold + +I'm holding because I'm seeing a chance of systematic change. I consider my GME money spent. I don't care about getting rich. I don't care about "bullish plays" or "tendies". + +I hold because I want this fraudulent, criminal, tragicomic excuse for a market to change. + +I hold for the future of mankind to not get their savings fucked by inflation, their pensions stolen by billionaires in hedge funds, their cancer medicine research held back by Wall Street Greed, and their lives wasted in debt slavery with monthly overdraft fees only going to enrich demons like Jamie Dimon. + +I believe that shorts are completely fucked. I believe most of Wall Sreet is deep underwater in infinite risk, and those that aren't are indirectly going to be fucked when this thing takes off. I believe that the short interest is absolutely astronomical. + +I believe that moass would have happened last year if they didn't restrict buying. + +I believe theres no way out for Wall Street. Just a matter of time. + +Power to the players. This is how the **Game Stop**s! + +\----------- + +This is Lunar Stonkosis, ape going dark.^(will post my purple rings when they arrive though) +Father-to-be here! My wife is pregnant with a due date in December. Although it's planned, I'm still super nervous but obviously excited at the same time... What should I plan for? What expenses should I budget for? Any common mistakes to avoid? Any cost saving methods we can benefit from? Any good subreddits to follow? + +We have a nice savings pot already (which I'm sure will be invaded haha) and are both employed full-time on the basic tax rate. +As a good ape make it your duty to start up-voting any good honest DD from now on. This page is growing at a massive rate and we need to keep level headed, so remember up-vote the important stuff as the days/weeks go by. + +We need to be ready to counter attack the attack from those criminal hedges because they will try anything. + +Be strong, hold the line & letā€™s win this together. +TLDR: Remind yourself of why you are holding, hold, & buy more! + + +Seriously, + +If you are feeling stressed out or worried at all, take a deep breath and read this as a breath of fresh air and a little reassurance that you are making a great investment (some would say the best investment of your lifetime). + +Shorting a stock costs money. The hedge funds are paying interested EVERY SINGLE DAY to hold their existing shorts positions as well as continuing to add to their short positions. + +This means that regardless of where the stock moves in the short term, they are bleeding money daily. Lots of money. This means that every single day THEY ARE GETTING CLOSER TO A MARGIN CALL. + +When will this happen? Who really cares! This is irrelevant information. The BEST POSSIBLE THING WE CAN DO IS TO CONTINUE TO BUY AND HODL! I know you have heard that just about as many times as the stock will become dollars. + +But seriouslyā€¦ + +BUYING keeps upward pressure on the stock. +BUYING allows us to gain more of the float. (how many more times of the float is anyoneā€™s guess) +BUYING increases the size of our future wallets. + +HODLING keeps them paying interested. +HODLING foils their plans. +HODLING guarantees the squeeze. + +Lastly, of course I canā€™t wait for the price to start moving up and not stop. But know that sideways and even downward movement is still okay, and I would even go as far as to say ITā€™S BULLISH! + +Iā€™m holding because I can. +Iā€™m holding because I care. +Iā€™m holding because I am tired of hedge funds controlling the market. +Iā€™m holding because I trust Ryan Cohen. +Iā€™m holding because I believe in the trajectory of the company. +Iā€™m holding because I like the stonk. +Iā€™m holding for my family. +Iā€™m holding to further the mission of God. +Iā€™m holding for lots of reasons. + +Remember why you are holding and keep doing it! + +Donā€™t take my advice. Itā€™s not financial advice. Find a different adviser. I donā€™t even know my favorite color crayon. + +šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸ’°šŸš€ +(rocket carrying all my money bags) + +Edit: added TLDR +It is completely unclear to me why some people give so much money for NFTs. + +This may be an unpopular opinion but I have to say what I have been thinking for a long time. + +Maybe NFTs have a great future and huge potential, but right now I see it as garbage. Pixelated garbage. 10 second made pixelated garbage. It is not used for the purpose it was made. + +Almost everyone who buys NFTs buys them for one reason only - to sell them at a higher price. And that is it, nothing else. + + I donā€™t see their point, nor the point of giving so much money for something that is considered as a digital ā€œartā€. Maybe I donā€™t understand digital art. Maybe itā€™s just me, and maybe itā€™s not. Maybe when the bear market comes most people will be left with their hands full of useless nothingness. + +Artists who donā€™t have many followers make NFTs of the same quality but fail to hop into the market. The reason is simple, sales, higher earnings and thatā€™s it. +It slowly turning into WSB. There are so many frontpage threads that read like The Sun Newspaper or CNN articles. + +Itā€™s just an abyss for people to post the first thing that comes to their head even if it makes no sense and they dilute their posts as much as possible to earn moons. + +The amount of ā€œthis is not financial adviceā€ threads and the weird posts with such titles as ā€œif cryptos were Harry Potter charactersā€ is insane. + +Daily discussion seems to focus solely on shilling, farming moons and saying ā€œbuy the dipā€. +We are buying a house and we'll end up with a mortgage of around 525k in a HCOL area, 1 mi from the ocean. Mortgage rate will be 4.875 ( jumbo loan that will be recast to 525k within two months of purchase), or a monthly payment of $2805. Property taxes are roughly 1388/month. Total cost is roughly $4333/month + +At present, after 401k contributions, income is currently 14.8k/month, with expenses roughly at 8.3k/month (including rental property expenses and taxes). This reflects that we are no longer contributing to our 401k in order to increase cash flow, We feel comfortable with this is that we will have $2 million in liquid retirement assets remaining after the purchase, mostly in index funds. + +We also will still have one rental property, valued at 550k, with a 130k mortgage remaining. It does not cash flow, which loses roughly 2k-3k, but has appreciated in value rapidly. + +We plan to retire in six years, and he may continue consulting beyond that. She will receive a pension on retirement of roughly 72k to start, with COLA increases + +I've used a retirement simulator (eMoney) that shows we are fine and the guy that we work with on retirement thinks for fine, but I am losing sleep over this. I would love to get feedback on our outlook and any recommendations. +Iā€™ve been living at home and the only work experience Iā€™ve had is internship experience. I thought I could move out when I started making 60-70k for my first full time job. It sounds like a lot, but when I looked more into taxes I realized I was so wrong. + +Sure I could afford living on my own and still save money, but Iā€™d be spending around half my paycheque on rent, groceries, and bills. So then Iā€™d have to be super frugal while not saving as much money. Never mind travelling, which I thought Iā€™d be able to do more of once I got my full time job. Iā€™d have to put some money away for savings/retirement too and itā€™s like reality just hit me. + +I guess I was sheltered from the real world from my parents. I appreciate that theyā€™re not kicking me out or anything but I know itā€™ll be a helpful experience to be independent and live on my own. The thing is I just canā€™t justify moving out yet when I donā€™t have any savings. + +Iā€™ve considered looking for a job out of the city but turns out my city isnā€™t even that bad in terms of salaries for my career, cost of living, and things to do in and near the city. The reason I wanted to get out was to have a change of pace and live somewhere new for fun, move somewhere warmer, and be forced to be independent. But now I realize it might not be the best idea if I have to spend so much more on rent etc. + +What did you do after graduation and getting your first job? Did you live at home for a while? + +Edit: added some details +Me and my husband have been looking for a home these past 3-4 months. Weā€™ve made offers on 4 homes so far and each time nothing. We have now made a 5th offer on a different home we viewed yesterday, just listed yesterday. I woke up the usually 5am in the morning, saw it and wanted my agent to put an offer on it without even physically seeing it. I LOVED it. + +We did in the end go to see it that day and my husband ended up loving it too. We put an offer on it within an hour but honestly Iā€™m just having a feeling of hopelessness now. Another couple came to see the home as well and they were older, and look very well off but our appointment was first so they couldnā€™t go in. They had to wait until we were finished. + +The home was selling for $232,700, we offered $250,000. Weā€™re approved for $300K but we were never going to use that full amount. We want to stay within the $200- 250K range, mortgage plus all our bills would be cheaper than the apartment were in right now. + +We are a younger couple, we do have good and essential jobs, we could afford extra fancy stuff. Just donā€™t see a need too as of now. Maybe other offers are offering more money? Or are willing to take these homes as is? Is it because were younger and that might be a disadvantage? I know it might be ridiculous to think that because + +1) Sometimes these sellers donā€™t even see us, why the hell would they care? They just want the best offer. + +2) I know home buying is a dog eat dog world and I need to suck it the hell up and be tough and just keep looking. + +So I guess the main question is, does it look like we offered enough on this home? Should I start asking my agent to change parts of the contract we ask to be done before which are, making sure the septic is clean, have termite treatment done, along with a paying a little of the closing costs? We have plenty saved to pay for closing costs so itā€™s not a biggie. Iā€™m starting to think this is why no one even considers our offers... +PART 1: Should Coinbase Add ETH? (My mini opinion editorial) + +I want to make a personal judgment call / statement on something here...... does Brian Armstrong have a moral and justifiable right to have input into Bitcoin Scaling Decisions? Does he have a moral and justifiable right to expose all of his Bitcoin customers to Ethereum? + +My answer is YES. Brian Armstrong / Coinbase was the greatest single marketside factor in the growth of Bitcoin. And he is being ignored, banned, ridiculed and attacked in the Bitcoin Core/Blockstream world for daring to have a strong opinion on a marketplace that he had ENORMOUS part in creating and building out. + +YOU ARE DAMN RIGHT HE HAS A MORAL AND JUSTIFIABLE RIGHT! + +I would actually go farther and suggest that Armstrong / Coinbase have an OBLIGATION to their 2 million users to offer them an intelligent, arguably safer and more predictable option for their investment monies and crypto holdings. (And I say that as One of those Coinbase Customers) + +TO BRIAN, if you were to look at MY coinbase account. You would see that it is basically empty, but that on regular intervals bank deposits from USD to BTC are routinely made - but they stay in Coinbase for about as long as it takes me to move them onto a trading exchange/Shapeshift, for conversion to ETH. AND IT WILL CONTINUE TO BE THAT WAY FOR AS LONG AS COINBASE IS EXCLUSIVELY BITCOIN! + +However, you have my word and guarantee, that if Coinbase - which I find to be one of the safest, most secure, and most convenient storage methods for bitcoin - were to add ETH - you would see an ENORMOUS influx of ETH into my account overnight. And I would keep it there. I am a HODLer. Now - I love JAXX, and I like the Mist Wallet. + I keep a small portion at Kraken and Poloniex. I even have some at small wallets like HolyTransaction, etc. + +BUT I WILL COME BACK - if you open the door. I am not saying this as a manipulation editorial to get you to do it for reasons of marekt movement, but because I WANT to return to Coinbase WITH MY ETH. I honestly miss the comfort feeling I used to have when I was a Bitcoin HODLer, of having a company like yourself (and Circle for that matter, yes, they had some too) - holding my coins. I have a lot of ETH/Money and I want a good chunk of it in an Internet BANK, which I consider you to be, and a damn good one. So - you actually are responsible for getting me into Bitcoin (Thank You!) BUT I HAVE LEFT YOU AND I WANT TO COME BACK!!!! Help me! + +PART 2: If Coinbase Adds ETH!! (to all you traders/hodlers) + +Coinbase has 2 Million User Accounts. +ref: https://www.cryptocoinsnews.com/bitcoin-exchange-coinbase-just-passed-2-million-users/ + +A Dual Wallet that allows you to hold Ether in Coinbase Accounts immediately allows ETH access to the existing 2 million users. Currently there are about 50,000+/- Eth holders I have seen (?) + +IF Coinbase CEO Brian Armstrong decides to add ETH to their offerings, then the playing field between BTC & ETH will equal very quickly. Coinbase will help do for ETH, what it did for BTC. It will get ETH well into mainstream quickly. + It will most likely get us ETH Debit Cards! (Yayyyy! I used to LOVE my Bitcoin Debit Card - till I abandoned Bitcoin in frustration over the damn circus over there). + +****************************** +CLOSING PERSONAL NOTE TO BRIAN ARMSTRONG: +Brian, if you are reading this, I want to say that as your customer, and as an existing account holder, I can tell you that for me, ETH/Ethereum has proved itself worthy, More Worthy than Bitcoin as a matter of fact. I know this isn't a light decision you may make. But I honestly think it is a decision you owe it to me as a customer to make. You got me into Crypto via Bitcoin. But I honestly cannot stay with it. I really, really tried to be faithful, and I stayed with bitcoin as long as I could. I know you know what I mean - because I have watched your honorable and patient efforts, and I feel the frustration man. Good luck with your deliberations, and thank you for what you've done so far. I will be hoping, praying and sending out all my positive thoughts to the Ethereum and Coinbase gathering on March 23. I really think this could be a milestone. It might be a milestone in which the TRANSITION from Bitcoin to Ethereum launches. BUT it could be the milestone where Bitcoin and Ethereum MEET and start walking together. + +TO ALL::: Let us send best wishes to all on Wednesday March 23, 2016. Ethereum/Coinbase Meeting. I have heard rumours this will be streamed. If so, can someone post link / details. + +Peace! +I was tempted to make a long, ranting post about this, but I know that I don't bother to read those myself when written by others, so I'll try to keep this succinct. Here are are 3 quick reasons why I believe the SEC ruling was a step in the right direction: + +* 1.) "They don't boo nobodies..." + +This is an old expression in sports. When fans of one team boo a member of the opposing team, it's usually because of something notable they've done in the past. They don't boo a guy who hasn't done anything -- he's ignored, more than anything. Go look at /r/bitcoin right now: their top post is a circlejerk about how Ethereum is about to die and they were right all along. Or look at the troll comments in the thread in /r/ethereum from all the bitcoin maximalists. The truth is, if Ethereum wasn't blazing a new trail -- if it didn't have massive potential and the chance to become something really amazing, nobody would care. Hell, the SEC wouldn't have even MADE a ruling because it wouldn't have been worth mentioning or wasting energy on in the first place. Obviously, it's making an impact. + +* 2.) Major U.S.-based corporations are invested in Ethereum and developing the protocol + +Do you really think companies like Microsoft, Intel, JP Morgan, MASTERCARD, and so on are just going to roll over when it comes to the potential of a technology like this? Some of these corporations have already spent 5 months developing standards and practices for the Ethereum blockchain. I know everyone here likes to focus on the consumer-facing portion, but I really think that the biggest growth factor for ETH will come from the enterprise level. The potential for eliminating waste and inefficiencies across a major business is HUGE. These Fortune 100 companies aren't just going to ignore a technical revolution which could potentially save them all billions of dollars. All industries employ lobbyists for this very reason. There is a LOT of money and influence behind these companies. Expect them to advocate for blockchain laws which allow for growth and development. + +* 3.) ETH doesn't moon without mass adoption, and mass adoption doesn't happen without regulation + +The world of crypto is often compared to the Wild Wild West, and I believe it's a fair comparison. But look at what happened to the Wild Wild West: it became civilized. While it may be exciting and thrilling and dangerous for the early adopters, the fact is that most people just want comfort and safety, and aren't willing to put themselves into such high-risk scenarios. The adventurous folks can blaze the trail, but they are not enough to continue growing a brand new market to the levels that most folks in this sub would like to see. If you're going to get anything past a small niche audience then it needs to be palatable to the general public. The way this is done is by putting restraints on what is and isn't allowed, and trying to determine what makes it fair and worthwhile for the highest number of people. I don't consider this to be a bad thing. In fact, it's kind of how the world works. +Letā€™s say I have stock A, B, C with some margin. They are tanking and Iā€™m getting close to my margin requirement. Can I sell CC that are ITM but long calls (to maximize premium) so that I can get some cash to avoid being margin-called? + +Edit: +Yes I can. For example I have a little bit of SAVA bought at 50. Now itā€™s at 44. I can sell November 35C for $20. 40% of the cost basis is more than enough to cover the margin requirements and also make a small profit even if my shares get called away ($55 break even with $50 cost basis) I will be missing on some of (or a lot of) the gains if SAVA goes up a lot but at least right now Iā€™m stabilizing without getting margin call big time. +Just wondering if inflation is supposed to act that way. Like, energy companies keep raising prices slowly over time, because... for whatever reason... they're like "Oh well, each week we keep discovering that less oil shows up in our storage tanks, because we didn't pay enough money for it, so now we gotta raise our buying price just a LITTLE bit more." And they only just find this out each new week. + +I mean, I would have thought the russian invasion would have been just one or two giant shocks to the economy within a week or two. Not, like some attritional thing that keeps happening week after week going on for nearly 5 months now. + +Someone explain? +**TLDR- Apex Clearinghouse Inc. (used by the 16 brokers listed below) is the reason for delay in Control Number delivery, and they are scrambling for "materials".** + +**APEX BROKERS- Ally Invest, Axos Invest, Betterment, Firstrade, M1 Finance, OpenInvest, Rize, SoFi, SogoTrade, Stash Invest, Stockpile, Tastyworks, Twine, Wealthsimple, Webull, Public.** + +EDIT: +2 Brokers. CashApp and Avenue, per users in the comment section. +Clarification- Wealthsimple US and Wealthsimple Canada use different clearing firms. + +[List of Broker Clearinghouses- Source](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) + +**They owe you YOUR Control Number if you held shares with them as of the April 15, 2021 record date.** Yes, even if you switch brokers, the location of your shares on the record date is the source of YOUR control number, and they legally owe it to you. + +&#x200B; + +**SUS Summary (Screenshots Below)-** + +**SoFi InvestSupport Responses to Control Number Inquiries-** + +**4/23/21: Control Numbers are coming today** + +**4/29/21: Oops! Control Numbers are coming 4/30/21** + +**5/03/21: Control Numbers were sent 4/30/21** *(they were not)* + +**5/04/21: Control Numbers "were regrettably not sent as expected"... "do understand that there is a large number of SoFi members individually requesting these** \[*GME Control Numbers*\]**"** + +**5/04/21 BONUS:** **"the proxy vendor did not have enough materials to send to everyone"... "we have asked APEX for your control number directly" ... materials?** + +&#x200B; + +We have the materials, all we need is the control number for OUR shares. Are you saying they don't have enough shares (materials)? Are you? What other material would this be besides the control numbers themselves? + +Background- + +A few friends and myself own GME shares with SoFi and Ally Invest (and now Fidelity and E\*Trade) and began reaching out to inquire about our Control Numbers with regard to proxy voting for the upcoming shareholder meeting on 6/9. Nice. Our suspicions started to grow when we each started receiving different answers to the same question(s). Below are screenshots of email inquiry responses from SoFi InvestSupport. As of writing this, I have also not received my Control Number from Ally Invest, despite similar emails and phone calls. + +**IMPORTANT**\- You should not need to request proxy info/control numbers from your broker(s). This is supposed to be automatic. As a point of reference from the same broker, SQ (Square) has a proxy vote on 6/14, and I have already received the control number without asking. + +The Timeline- + +**4/23/21 SoFi Response- "The control number will be sent out via proxy email today..."** + +Awesome! + +https://preview.redd.it/nsxvaef906x61.jpg?width=1125&format=pjpg&auto=webp&s=c11bead074b2999949d7b884ac4b34ac01f498c5 + +4/29/21- Still no Control Number. Not Awesome, so I followed up on the original request six days after they indicated the control number would be sent. + +**4/29/21 SoFi Response- Oopsy... "We received clarification that the automated proxy emails with control numbers are set to go out 4/30/21.** + +Fine, I have to wait a little longer, one more day. No problem! + +https://preview.redd.it/gppaj4dc06x61.jpg?width=1125&format=pjpg&auto=webp&s=da7da41d1e54be1f031659cb03b29e09a67f96ef + +5/3/2021- Still no Control Number? But you said! So I followed up again, this time indicating the 4/30/21 delivery date previously indicated. + +**5/3/2021 SoFi Response- "GME proxy voting emails went out on the evening of 04/30/21... the proxy documents were mailed also on 04/31/21"** + +O RLY? Ok, now suspicions aside (Spoiler Alert) this is simply not true. I of course am signed up for e-delivery, but regardless, they have now indicated the material WOULD BE sent 4/30/21 and then that it WAS SENT 4/30/21, yet I still have not received my control number from either broker (and it is not in my spam folder). + +https://preview.redd.it/d1if1g9g06x61.jpg?width=1125&format=pjpg&auto=webp&s=c6d1839948a832c0f3ad0f8fc7247e2ad7f14e06 + +5/4/21- Still no Control Number, but these are the best two responses yet. The Control Numbers were not sent out, even though they just "confirmed" that they were sent out on 4/30/21 the day before. + +**5/4/21 SoFi Response- Read the whole thing, it's worth it.** + +https://preview.redd.it/q53o11ri06x61.jpg?width=1125&format=pjpg&auto=webp&s=5eb8b707004d035f261188bd118fbde347ab64a7 + +**5/4/21 SoFi BONUS Response- From friend's inquiry. Again, read the whole thing.** + +**"REALLY HOT ISSUE"** + +"**DID NOT HAVE ENOUGH MATERIALS"** + +&#x200B; + +https://preview.redd.it/fonwi54k06x61.jpg?width=1125&format=pjpg&auto=webp&s=c34a106470d0c0a31c407ce0d8e6a71914ef388b + +So here we are. 5/4/21 and still no Control Numbers from two different brokers (with the same clearinghouse). Now, I know that some people have mentioned still waiting for control numbers from reputable brokers, so I want to be clear that this is less about the wait time and more about the conflicting information that has been received, all with ties back to Apex. In phone calls with Ally Invest, they even went as far to say "it could have been a technical issue", yet still no control number is available. Both brokers have now given me "new delivery dates" and indicated that I should have my control number(s) in 2-3 days. Friend was given 1-2 days. We shall see. + +I will continue my quest to vote, and I encourage you to do the same if you so choose. + +I am personally looking forward to each and every vote being counted... + +**\[IF\] votes > 70,771,778 \[THEN\] Synthetic Shares Exist \[AND\] hedges r fukd** + +**HODL. Vote.** + +. + +. + +. + +Throwback SUS Evidence Below- + +**SUPER BONUS APEX is SUS from JANUARY 28th.** + +**SoFi Actually Called out APEX** (sorry for the poor quality photo, I was but a young lurker ape)- + +"Apex Clearing, our clearing partner, **despite our objection**, has prevented purchases in GME. Sells are still allowed." + +https://preview.redd.it/d4fwcson06x61.png?width=1280&format=png&auto=webp&s=7718a1a5b3daa84a6fd3cd4cc65a4cf20867056e + +**SUPER SUPER BONUS APEX is SUS- APEX Changes Policy with regard to voting rights on share lending and Collateral requirements moving to JP Morgan Chase & Co.** [Link to original post.](https://www.reddit.com/r/Superstonk/comments/mvhllf/attention_if_your_broker_uses_apex_and_you_dont/) + +[Direct link to full 22 Page Policy Change](https://www.apexclearing.com/wp-content/uploads/2021/03/Apex-FPSL-MSLA-2021.pdf) + +If you made it this far, good job. Apex is right up there with Shitadel on the Dark Side. May the force be with you all. +Hey guys, +Iā€™ve suffered a 90% reduction in income due to corona. +Iā€™ve contacted my landlord and asked for relief - he offered me a 50% deferring of the rent until I get back to regular hours, after which I will need to payback the sum in the form of 150$ added weekly to my rent until covering his ā€œlossā€. + +I donā€™t believe accumulating debt in such times is a wise thing - not to mention that adding 150$ to my rent would be far outside of my budget as is, even if I was still fully employed. + +Iā€™m contemplating breaking the lease - though Iā€™m on a fixed term lease (12 month lease, of which Iā€™ve done 6 months). + +Are there any legal reliefs for breaking a lease now? Would I still be required to pay the 4 week breaking penalty? + +Other than that, any advice on what I can do? As I canā€™t continue to pay rent as usual at the moment, and I donā€™t want to incur debt. + +Any help would be appreciated! + +Thanks +The urgency with which these posts urge people to do or not do something rubs me the wrong way. I sincerely believe that the vast, vast majority of us are here to buy and hodl, so I don't understand why one would think that apes would suddenly start shorting en mass. + +I'm not trying to cause any grief over this; If those posters are genuinely voicing their concerns, then by all means voice them. I just don't believe that apes would actually go through with shorting RH. + +Just my two cents on it. +Alright, I'm off to bed. +Love you apes. šŸ’™ +Good Morning Everyone ! + +Bit late today, but I'll try to get this jotted down so I can do some edits. + +Today is the second day in the T+2 exposure window they have until tomorrow to cover their exposure from ETF LEAPS and GME Quarterlies. It is likely we will see price action from that play out today. + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Small run into close but no indication of covering any exposure so far tomorrow is the final day for us to see any kind of exposure from this GEX cycle. The Massive amount of shorting done into the exposure date on Dec 17th definitely reduced exposure and my expectations of a run but the should still be some price action. Looking in at BBBY, M, DDS etc... they all suffered similar periods of shorting and have all experienced significant increases in price that last couple days. GME is not tracking yet, but this still indicates that there is covering that needs to be done. Today we closed $3 above max pain (155) so hopefully a bullish signal for tomorrow. Thank you all and I'll see you in the morning. + +https://preview.redd.it/dfborir1oy681.png?width=690&format=png&auto=webp&s=72cfa95a64878c741c0d69af73157a9d7b930c0a + +Edit 4 1:59 + +All the other stocks in the ETF baskets moving significantly during this window except GameStop still flat we aren't even getting dragged up by today's huge run on the S&P. Just waiting on our turn... remember this exposure period runs until tomorrow. + +https://preview.redd.it/gm45dyk31y681.png?width=1631&format=png&auto=webp&s=cac1be397cec343fa9c6ebd138d33798c06a2bc4 + +Edit 3 11:44 + +Starting to break out of this consolidation crossing back to the upside of the consolidating averages for the day volume is still low however + +https://preview.redd.it/lpe59wr3dx681.png?width=1631&format=png&auto=webp&s=9ccd1e5eec4d84100bf6cf9e5d70151628cc984a + +Edit 2 10:37 + +Failed the test at 160 but found a higher low on this bounce forming an inverse head and shoulders if some volume comes in we should break that resistance + +https://preview.redd.it/24kgb67zzw681.png?width=1625&format=png&auto=webp&s=05b61aad9dfa6b4d0d03140589d8bcc939abd21a + +Edit 1 10:17 + +Double bottom open some of the other basket stocks already seeing some price action this morning GME usually trails behind these conservative targets for a run remain the same at 200-225. IBKR has 20k shares and Fidelity 355, 591 shares to borrow. Current bounce almost confirmed. + +https://preview.redd.it/6b83v8owxw681.png?width=1627&format=png&auto=webp&s=b2b3ad16ea0ec01cbb00aca27181e4d7a061637e + +**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.* šŸ˜ + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +https://www.bloomberg.com/news/articles/2017-09-09/equifax-s-insurance-said-likely-to-be-inadequate-against-breach + +That's going to complicate the "buying the dip" strategy, although there's also the question of Equifax getting a slap on the wrist punishment after a multi-year legal fight. +So far **S&P Global** hasn't offered any explanation on the rejection but is expected to do in the coming weeks. They will probably blame the **ā€œRegulatory Creditsā€** but IMO the real reason has to do with the behavior of some hedge funds and retail investors that bought Tesla shares with the intend to dump them at a higher price on the S&P 500 ETFs. +Here in Germany there was recently a scandal involving the German DAX index that added a higly speculative and hyped company called Wirecard, once added to the index the company started a steep decline and eventually went bankrupt causing harm to not only Wirecard investors but also DAX ETFs. **S&P Global** has a reputation to maintain, so my guess is that for them the risk of adding a highly speculative company largely outweighs the benefits. +Since the 69k top in November which we got after high inflation numbers and now the bear which we ironically also got due to high inflation numbers. It's been a wild ten month and by far the most intense for Crypto ever! We had a literal war happening in the world, LUNA imploding, a 80b crypto, and several other projects going down with it and now we even got the Moons Mainnet and soon The Merger. + +It's been 10 months of all kind of events to be sure of. 10 months that will be written down as historic for Crypto. Prices have been depressing throughout that, just recently we got this relief rally before that we had a record 9 weeks (!) in red. And if you were capable to get through all of this pain and still stay content with crypto then you should not give up just now, a bear market cant be forever. I'm not saying it will end soon but the possibility is good that we got through roughly the half of it in the worst case. +Link: https://www.bloomberg.com/news/articles/2017-08-22/wall-street-banks-warn-winter-is-coming-as-business-cycle-peaks + +----------- + +HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle. + +Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop. + +ā€œEquities have become less correlated with FX, FX has become less correlated with rates, and everything has become less sensitive to oil,ā€ Andrew Sheets, Morgan Stanleyā€™s chief cross-asset strategist, wrote in a note published Tuesday. + +His bankā€™s model shows assets across the world are the least correlated in almost a decade, even after U.S. stocks joined high-yield credit in a selloff triggered this month by President Donald Trumpā€™s political standoff with North Korea and racial violence in Virginia. +Reddit co\-founder, Alexis Ohanian recently made the [bold claim](https://www.ccn.com/ethereum-price-will-reach-15000-this-year-reddit-co-founder/) that ETH will hit a price of $15,000 by year end \(\~ $1.5 Trillion market cap\). + +>I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. Iā€™m most bullish about Ethereum simply because people are actually building on it,ā€ he said, predicting later that ā€œ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000 + +While throwing out trillion dollar estimates is the norm among crypto\-bulls, most believe that's a 5, 10, or 20 year journey. Alexis is targeting 7 months \- is that realistic? + +While speculative mania could definitely propel ETH to $15,000, the app network progress and usage growth suggest a much more modest price target in the next 7 months. [My intrinsic valuation estimates](https://www.reddit.com/r/ethtrader/comments/7qqb6y/hype_has_far_exceeded_reality/) indicate \~ $1000 ETH is about the right price for 2018. + +But you didn't come here to have your ETH lambo dreams dashed... So what would it take for ETH to hit $15,000? + +My valuation estimates are based on the following premise \(see [my valuation model](https://www.reddit.com/r/ethtrader/comments/7qqb6y/hype_has_far_exceeded_reality/) for more detail\): + +>Ethereum market cap is worth approximately $100 billion for every $1 billion of real Dapp network transactions per day + +With that as the starting point, here are some reference points: + +1. **Daily usage on the scale of VISA** \- Real transactions \(not just day\-trading activity\) would need to hit about $15 Billion per day. That's about 10x the scale of PayPal and a approaching Visa's \~ $24B daily volume. +2. **Accepted by all major retailers** \- To even come close to the scale of Visa, we'd see major adoption across retail platforms \- Amazon, Walmart, ebay. You'd also need to see mass adoption from brick and mortar retail and a secure means of payment \(ETH cards or mobile apps like Apple Pay\). +3. **Mainstream financial instruments and trading markets** \- It takes a LOT of trading to support price discovery of an asset that big. By comparison, oil trading is 20\-30x bigger than actual oil consumption. So $15 Billion of real Dapp transactions would indicate $300\-500 billion in trading volume. To facilitate that much trading, we'd need mass adoption of ETH financial instruments like futures contracts and ETFs. +4. **More wallets than humans on earth** \- Currently, 60&#37; of the world has at least one bank account \(\~4.6B people\). Many of those have multiple accounts, averaging 2.0\-2.5 or so among developed nations. We'd likely need to see comparable consumer adoption of ETH and ETH wallet usage. Adding in corporate, non\-personal and burner wallets pushes the number even higher. So lets round it out to an even 10B or so wallets needed to sustain an ETH economy. +5. **You're doing your Chrismas shopping in ETH** \- If ETH is going to reach the scale of Visa, we'd have to use it as often as Visa \(duh\). That means you're going to be buying a good portion of Christmas gifts with ETH. + +That's a snapshot of what a sustainable $15,000/ETH economy should look like. Safe to say that's not going to happen in 7 months. Sure, speculation might drive the price of ETH there before real world adoption catches up. But we need to eventually get there if we want a sustained $15,000 price tag. +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! + +The time to flip bitcoin and take the throne is right now. If the true bulls of Ethereum want it to ever flip Bitcoin. The time is right now. It's up to the people to decide. +It's becoming absolutely ridiculous now. If you don't have clear, irrefutable evidence to back up your claim, then stop hindering projects that actually have potential. I'm starting to wonder if this sub hasn't been invaded by individuals who don't have the best interest of the Ethereum platform at heart. Let's apply the same level of scrutiny to claims that projects are scams that we apply to the projects themselves. +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 +It still feels so surreal to me. What do they care what I do with my money? + +Obviously the clerk couldn't tell me what would happen, if I kept using my bank account to shop on Binance. I also assume someone higher up the chain saw the danger DeFi poses for the banking system. + +Honestly, fuck 'em. I'm still so irritated by the call, but it proves once again why we need Bitcoin. Sunk the rest of my fiat into Crypto right after the call ended. + +Anyone else with similar experience? I'm from Europe, btw. + +Edit: Thought I'd do everyone a favor: + +You can check how crypto friendly your bank is by accessing https://moonbanking.com/ + +Please stay safe and don't click any links in the comments. Also, for privacy reasons, I won't name my bank, since that would narrow it down drastically. + +As usual, this community is amazing! Great to be in so early and hodl with you! +Guten Tag to this global band of Apes! šŸ‘‹šŸ¦ + +Earnings announcement finally arrived, and what a treat it proved to be. By now, Apes have DRSed well over 9m shares, with the vast majority of them registered in the name of an Ape within this past year. The fact that GameStop is now consistently reporting this number so prominently on the earnings reports tells me that it is a number that *matters*, and gives us a gauge for the progress we've made along the way. + +Clearly, it is making a difference. Shares are increasingly difficult to borrow, shady brokers are making it more difficult to DRS shares, and the borrow rate for shares continues to climb. We are far from having the float locked, but each share that is DRSed has a an increasingly large impact on the availability of legitimate shares. It is clear that the Shorts are continuing to attack the price of GME by any means possible, which honestly is only bad for anyone who wants to sell. I continue to buy, and each discount they offer just lets me buy more shares. Will we see an increased pace of DRS with the dip they are offering today? My DiamantenhƤnde are ready to find out. + +Today is Friday, March 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 60 minutes in: **$81.83 / 74,05 ā‚¬** *(volume: 2002)* +- šŸŸ„ 55 minutes in: $81.82 / 74,03 ā‚¬ *(volume: 1943)* +- šŸŸ© 50 minutes in: $81.84 / 74,06 ā‚¬ *(volume: 1889)* +- šŸŸ© 45 minutes in: $81.82 / 74,03 ā‚¬ *(volume: 1853)* +- šŸŸ© 40 minutes in: $81.81 / 74,03 ā‚¬ *(volume: 1843)* +- šŸŸ© 35 minutes in: $81.55 / 73,79 ā‚¬ *(volume: 1725)* +- šŸŸ„ 30 minutes in: $81.39 / 73,65 ā‚¬ *(volume: 1624)* +- šŸŸ© 25 minutes in: $81.39 / 73,65 ā‚¬ *(volume: 1582)* +- šŸŸ© 20 minutes in: $80.52 / 72,86 ā‚¬ *(volume: 1521)* +- šŸŸ„ 15 minutes in: $79.72 / 72,14 ā‚¬ *(volume: 1349)* +- šŸŸ© 10 minutes in: $79.78 / 72,19 ā‚¬ *(volume: 1303)* +- šŸŸ© 5 minutes in: $78.91 / 71,41 ā‚¬ *(volume: 1274)* +- šŸŸ„ 0 minutes in: $78.42 / 70,96 ā‚¬ *(volume: 848)* +- šŸŸ© US close price: $87.70 / 79,36 ā‚¬ *($80.65 / 72,98 ā‚¬ 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 1.1051. 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) + +DiamantenhƤnde 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 bought my first car three days ago after years of saving and months of looking. I went through the dealership first to see if I would be approved through them (I wasnā€™t) so I went to my bank to see if I could be through them because they were having an auto loan deal happening anyways and I was approved immediately. Needless to say I was excited but still nervous as Iā€™ve never taken a loan out or ever had a car payment til now. I went and got the car the same day after leaving the bank. + +Since Iā€™ve never had a car payment ever as every car Iā€™ve had, has been a paid off old used cars Iā€™m so scared Iā€™ve made a mistake and gotten way over my head. I donā€™t know the best strategies to use or what exactly to plan for or do. I am a saver more than a spender so I try to tell myself that everything will be fine but I also have bad anxiety when it comes to finances and worry myself to death constantly. + +My car loan is for $37k (I put 5k down on the car) and my APR is 3.59%. My payments are around $582 a month. I donā€™t have any payments for 90 days so Iā€™m trying to remain calm and just save my little heart out but Iā€™m so stressed now that I have it that I havenā€™t been sleeping and just keep worrying myself to death. + +What are ways I can make sure I donā€™t mess up and can also pay my loan off faster but Iā€™m a good way? Any advice would be amazing. +ā€‹Recently, A news article from CoinDesk got published stating "SEC is Delaying the Decision on Bitcoin ETFs Until September" and without confirming the news with actual fact, FUD got the best of many people and everyone went crazy. The title was later changed to "SEC Delays **Decision on Direxion's Bitcoin ETFs** Until September". *(Media manipulation at its best.)* + +**THE FACT**: SEC is delaying a Different ETF. The one SEC is postponing was filed by Direxion Investments in January. That's a different one. Point to be noted that many investment firms file for ETF application. Only few will get accepted and approved. + +None of the ETF proposals being postponed are from **CBoE (VanEck and SolidX),** which are currently under discussion by the wider crypto community. More than **100 comments** for these ETF proposals have been submitted by the crypto community, and **a decision may occur as soon as next month. ** + +August-September is still bullish to us so, please don't mix things up as the headline reads at the first glance and try to actually compare the news with actual facts. Manipulation is in its peak and we dont want anyone to get burned in it. + +Stay vigilant, Stay Safe. +We have about a 1% adoption rate of vaults within r/cryptocurrency (~60k vaults). Congratulations if you are reading this and you have your vault set up, youā€™re ahead of 99% of people. If you are new and want to set up a vault, you need to download the official reddit app on mobile and create one. +I don't know if this is the right place to ask, but here it is. I have a friend who is struggling. I'd like to send her some money for Christmas, but I think it would be awkward and she might feel the need to reciprocate. Any ideas on how I could send it without her knowing where it came from, and so she won't think it's a scam and throw it away? We live in different states, also. Not a lot, a few hundred dollars. +First things first, if you want to get an estimate for the minimum RPL price to help better assess your risk. Please read this post first: [https://www.reddit.com/r/ethfinance/comments/m3pug8/the\_rocket\_pool\_investment\_thesis/](https://www.reddit.com/r/ethfinance/comments/m3pug8/the_rocket_pool_investment_thesis/) + +*Also this isn't financial advise, just sharing what metic im looking at.* + +**What category is RPL in?** + +I believe RPL is a mix between infrastructure and Defi. From a validators perspective its infrastructure which gives additional rewards for validating the network but from a stakers perspective, its another yield farming tool to add to the Defi collection. + +Rocket Pool seems to be Defi in the eyes of the dev team... + +[https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-1-8be4859e5fbd](https://medium.com/rocket-pool/rocket-pool-staking-protocol-part-1-8be4859e5fbd) + +>Rocket Poolā€™s staked ETH wrapper, rETH, is the purest in DeFi. We foresee a vibrant ecosystem of integrations ranging from lending markets to run validators more efficiently to composability for productivity. + +... and Coingecko + +https://preview.redd.it/82ew7img4sm61.png?width=2014&format=png&auto=webp&s=05f3c7c2d580cfae58e0796fe39fa84c8c5846a4 + +**Why do you care about it being Defi so much sir?** + +Well because there a popular metric within the Defi ecosystem which is used to value different projects, the metric is TVL/Fully diluted marketcap ratio. TVL is the amount of money staked, lent or locked in some way and fully diluted marketcap is the entire supply (Including treasury and dev fund) multiplied by the price of each coin. It's shown next to every Defi coin's price on CMC and coingecko. + +[The ratio of different protocols throughout Defi](https://preview.redd.it/ns76u9tf4sm61.png?width=985&format=png&auto=webp&s=c8f695e5b061c6fc67f2f1765271ba8211973d19) + +Remove UNI and the average ratio is 1.22142 + +If you expect just 500k ETH to be staking using RocketPool then the protocol will have around 0.9B TVL (not counting the RPL validators need to lock in as collateral). + +If you then apply the average ratio in Defi to RPL, we have a $60 price per coin (0.9B TVL/18m supply \* 1.2). + +500k ETH staked is very conservative too since 300k ETH is currently on AAVE earning just 0.3% per year and the RocketPool staking rewards will be more like 5% per year. We can confidently expect a huge portion of the 8 million ETH in Defi to move over to Rocketpool staking since it will be the highest and most reliable ETH yield on the market. + +**How high can the price go according to this metric?** + +[500k ETH staking at $1,750 ETH price](https://preview.redd.it/4dcspicc4sm61.png?width=1336&format=png&auto=webp&s=9d16813c2b21ea4c011dfa4a751c2ce42f53b09b) + +[1M ETH staked at $3,000 ETH price](https://preview.redd.it/oh6rh89d4sm61.png?width=1332&format=png&auto=webp&s=23844ebea678b21bec1c3133343182bd8d2d1c79) + +[2M ETH staked at $5,000 ETH price](https://preview.redd.it/ijbzyeud4sm61.png?width=1338&format=png&auto=webp&s=3b4d9dbf2167183cd29d0ab5d5db23a08c7bcf71) + +*All these calculations do not include validator RPL collateral in TVL for the sake of simplicity. TVL and RPL price would be higher If I had.* + +Thank you for coming to my TED talk. + +Any questions, come ask me on the Rocket Pool discord im PSY\_TWEAK and im happy to send you the spreadsheet im using to calculate this metric. +Just checked my Discover account this morning and saw that Discover has caught up with the top tier, bumping their savings account APR from 1.2 to 1.3%. + +Small change in the grand scheme of things, but nice to see them keeping pace! + +Edit *APY +A lot of people choose finance because it's lucrative and financially rewarding. Do you guys have any other aspirations other than making the big bucks? What are people's life goals for going into finance? +A few people told me to open something like this up for people who want to ask an insider specific questions... guess we will see if anyone cares... lol +Like what the hell? Dogecoin market cap is almost 2 billions with almost 2 cents per coin. + +No matter what you buy you will double your money. Dont get me wrong, i am ok with this, but for how long this can last? +1. Every time we raise tariffs on China, Chinese Yuan devalues making their exports cheaper, hence cancelling the effect. At the same time US exports are double tariffed - from the currency devaluation and tariff added by China. + + +2. All of US exports to China are tariffed but only half of Chinese exports to US have a tariff. So the other half of Chinese product is becoming more competitive, their companies can more profit on them. + + +3. In 2015 USD Yuan was at 6.20, today it is around 7.19. Yuan wasn't so weak since 2009. China can fight the trade war for many years but that is decimating US exports. US exports are dropping not just to China but to rest of the world as well. + +4. As Yuan devalues, so does Euro, Korean Won, Indian Rupee... This makes US exports less competitive around the world vs Chinese/Korean products. Eg. iPhone more expensive in Europe and China, Samsung is cheaper. Makes Boeing more expensive than Airbus. + + +5. Better way to fight China is by isolating them. Together with EU. Human rights is Hong Kong and north China. Why is Huawei getting repeated exemptions? + + + +China is playing this very long, We have so many political considerations and fold easily.. We need to fight smarter. + + [https://finance.yahoo.com/news/yuans-longest-drop-since-2015-094307041.html](https://finance.yahoo.com/news/yuans-longest-drop-since-2015-094307041.html) +I think common sense is telling me that it would trigger a decline in housing prices. In Southern California, I care less about the rates being low because it's caused people to borrow so much and drive up housing prices. This hurts people like me who have been saving for over 10 years (investing in equities mostly) to try to borrow as little as possible. It's been frustrating for me because (selfishly) I'd rather the housing prices go lower and loan rates go up. + +Do you think a rise in rates would cause this to be the case? Or would prices remain flat or go up due to things like inventory issues? +Sorry for this rant, but yet again I'm stuck with a random dumped dog. In the past 8 months it's been 6 red tick coonhounds, a dozen pits, and now two Great Pyrenees. + +See, I live behind some woods that happen to have a highway on the other side. People drop them off on the road, drive off without a second thought. I bet they think they'll go live a golden life on a farm. Spoilers: they don't. They get ate by wildlife, they turn feral, they get shot, or they go to the shelter and get put down. I have seen purebred dogs, dogs with toys, dogs with perfect coats, well fed dogs, ect on top of the ones you expect. The beaten, broken bait dogs that are unwilling to die. They all have turned up on my back door. + +I post the flyers, I post on local Facebook groups, and without fail I'm forced to house them and re-home them. The shelter has a 90 percent kill rate, people buy dogs with taxes or on a whim, they get big or old or whatever, and they get dumped. Now it's almost tax season and the local pet stores will be sold out for weeks on end. And in a few months I'm going to have a flood of dogs on my property. I'm going to have to start eating the feral cats that get dumped just to afford this shit (joking). + +Thanks for reading, though I imagine most in this sub wouldn't abandon their dogs. It just pissed me off waking up to two 6 week old puppies a few weeks ago that had been dumped. + +Edit: So, misunderstanding between me and the mods and I deleted it. Mothra is a cool person, by the way. But I don't believe this subreddit is one to dump dogs. I'm hoping to raise awareness with this post, and unlike some other places the mod group here are cool AF. +I (for the most part) enjoy my work, but there's a lot of stuff around the house that I HATE doing (laundry, dishes, emptying the dishwasher, vacuuming, etc). I don't need/want a full-time person to do this, but I'm thinking/hoping I could find someone who would come for a couple hours every other day for $20/hour. Has anyone else ever done something similar? + +Follow up question for those of you with kids who outsource house chores, how did you explain to your children? We have a newborn, so obviously it doesn't matter now, but when she gets older, I want her to do chores and understand how to contribute to a household and a family. I don't want her thinking that we're super rich or that she doesn't have to help, etc. +I know itā€™s only been 24 hrs or so but I wanted to update everyone. +1) thank you so much for the kind words, they really help. +2) I talked to my folks - theyā€™ve arranged for me to move home on 11/10 to California and live with my dad and step mom paying a small amount of rent starting a month after I arrive. Fortunately they are willing to take my dog, unfortunately they canā€™t do the same for my cat so Iā€™m having to rehome him. As much as it sucks itā€™s probably for the best, itā€™ll be easier than trying to negotiate with him at the ca border since I donā€™t have a travel/health certificate for him nor do I have the money to get one. He also will probably be better off not having to move across the country. Heā€™s young so heā€™ll probably be fine in a new home. +3) my job I might be about to lose, Iā€™m giving notice to tomorrow. Iā€™d rather quit than be fired for my reputation. My other job I just started so Iā€™m gonna sit down with my boss and tell her that thereā€™s been an emergency (if she asks Iā€™ll be truthful but Iā€™d prefer to keep this more on the DL if I can) and apologize profusely for leaving on such short notice. +4) Iā€™m going to pay what I owe for this month to my property manager on Tuesday and with it hand over a notice of vacancy effective 11/10 with a forwarding address for any outstanding rent after that until they re-rent. My eviction court date is for the 10th and Iā€™m supposed to leave immediately after if I have to go or the day before if I donā€™t need to make an appearance in court. I donā€™t actually know if I have to go if Iā€™m paid up or not? Anyone know? +5) My older brother is buying me out of my car loan and my parents are lending me their old work truck for a bit while I job hunt and start making money again. + +Iā€™m still scared and Iā€™m sad and feeling very worthless. My older brother ended up pointing out that I may have relapsed into my BPD at some point and that is what caused some of the sudden downward spiral that is my current life. Which cool I have something I can point to and say ā€œhey that needs fixingā€ but I still feel like such a failure. What 27 year old needs to be rescued by mommy and daddy like really? I also miss my cat already but am trying to count my blessings. Thank you all again + +Update: Kitty has found a good home! +A lot of you may be new here, or maybe you've been here for a long time. + +But either way, I'd like to bet that aside from knowing that "hedge funds and shorters got too greedy and we're going to get them for it!", **you don't really have any idea how the GME rocket started.** + +So let me do the honours of giving you all a quick run-down on what is currently happening with GME. + +# It all started when hedge funds and shorters shorted GME into oblivion. + +With COVID-19 impacting the world the way it did, GameStop was set to become the next Blockbuster and go out of business for good. + +Hedge funds, who love to make money off shorting companies into bankruptcy, saw this as a perfect opportunity to make some easy money by **shorting more shares of GameStop than there were actual GameStop shares.** + +While some were able to figure this out before anyone else, pointing this out would have meant nothing if there was no reason for GME to go up... + +# Then all of a sudden GME had reasons to go up. + +People like Michael Burry and Keith "Roaring Kitty" Gill pointed out that the fundamentals for GME at the time (mid-2020) were not reflected accurately in GME's current price ($3-4 USD). What Michael Burry found out, in particular, was that not a single GameStop was in the red; they were all making profit to some degree. + +After GME starting showing positive trends, people like Ryan Cohen and companies like Microsoft invested in the company as well. With these investors in the company, there was hope for GameStop to not go bankrupt and actually adapt with the rise of eCommerce. + +Finally, to really help GME go along, Microsoft and Sony announced that their latest consoles (the XBOX One X and PS5) were still going to support physical disc copies of games. This further gave reason to believe that full-digital wasn't the future just yet, and that there was still hope and profit to be had in physical products/locations. + +# And as GME started going up to most people's surprise, people started noticing how screwed shorters suddenly were... + +But before we continue, I need to briefly explain what a *"short squeeze"* and *"gamma squeeze"* is. **If you already know, you can skip below.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**A "short squeeze" is when lots of people "short" shares, yet the price of the stock they shorted continues to go up, and eventually they're forced to cover their positions.** + +**This allows those with shares to sell the shares back to them at ridiculously high prices because, well, they have to buy them back.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**A "gamma squeeze" happens when many people make lots of "call" options with market makers for prices that are very high to reach (ex. a $100 call for a stock worth $10).** + +**They do this in hopes that not only will the stock attain that set price or higher, but more importantly that the market makers don't actually have the shares to give to them if/when the call options can be exercised.** + +**If this high volume of "call" options does get exercised, and market makers don't have the shares for them, that means that they'll be forced to buy the shares. Those with shares can then make them buy these required shares at much higher prices.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SKIP POINT + +**People online began to communicate with one another about GME, and pointed out that is was going up despite what shorters wanted to happen.** + +# It was then that they theorized that with all the shares being shorted, and with the stock continuing to go up, that they could buy lots of GME shares and create many highly priced call options to create a short squeeze as well as numerous gamma squeezes. + +# But they weren't going to accomplish this alone... + +**Other big players on Wall Street also saw what GME was capable of, and provided the high volume required to send GME to the moon. And they provided the high volume indeed...** + +# And thus began the GME Gamma Squeeze of January 2021 + +What was once a $3-4/share company destined for bankruptcy suddenly sky-rocketed to a max of $480+ essentially overnight, and shorters and bears suddenly found themselves in billions worth of losses. + +# But we all know that big guys don't play nice. + +Before more call options could be filled and the price of GME could go up any further, numerous brokers halted buying GME all together. This gave plenty of time for numerous "call" options to become worthless, and for shorters to regroup and recover their losses. + +After all, the DTCC gives a 21 day grace period for investors in huge debt to cover their positions, so these shorters were going to do everything they could within these 21 days to get the price of GME back down. This way, they could not only minimize their losses, but even get back into the green and continue to bankrupt GameStop. + +In less than a month, GME plummeted to $40/share, and all seemed lost. Hedge funds would win once again, and retail traders were given a grim reminder that they don't play by the same rules as the big players... + +# Yet this is not how GME ends. + +Just a few weeks ago, more hope was given that GME would rocket once again. + +Keith "Roaring Kitty" Gill proved that not only did he still hold all his original shares in GME, he also doubled down on his position right after he announced that he would still buy GME during a Congress Hearing. + +During the same Congress Hearing, Melvin Capital (a hedge fund that lost 53% of its value because of the GME Gamma Squeeze) admitted that there was no short squeeze, and that the rise of GME to $400+ was a result of a gamma squeeze. + +**In other words, a "short squeeze" hasn't happened yet.** + +People found that shorts theoretically didn't all cover as shorters continued to be greedy and likely held on to their shorts as they thought they could still bankrupt GME like they originally planned. + +They found that while short interest was seemingly much lower that there were still very few GME shares left to short and that shorters were still losing millions every time GME spiked to new level highs. + +Not only that, but that shorters likely continued to short as GME went down during the gamma squeeze; putting them in an even bigger short position than the last. + +Ryan Cohen made it official that he would be heading GameStop's eCommerce division (because of course he is)... + +There were meme tweets of ice cream, frogs, and 1980-90's games/movies... + +People began exercising call options once more, and now... + +# The GME rocket rises once again... + +# TL;DR: Shorters and Market Makers are currently in desperate positions where they need A LOT of shares of GME to cover their shorts and fulfill their "call" options, and retail investors (but most importantly big players) are buying and holding all the shares they can to make GME the Big Squeeze of the 21st Century. + +# NONE OF THIS IS FINANCIAL ADVICE, AND PURELY FOR EDUCATIONAL PURPOSES. I JUST LIKE THE STOCK. + +**EDIT: Some grammar changes.** +Was curious if anyone has any tips or tricks they can share when visiting new sub-markets for the first time for the purpose of due-diligencing an investment. On that first 48 hour fly in & out trip, how do you spend your time? I'm thinking more about small multifamily/office/retail than SFH. + +There are a few activities I can think of such as: + +\- Recording the address / contact information of similar properties to contact for rental comps, or just buzzing the super to get tours + +\- Recording the location of any vacant land or construction sites to get an understanding of what product is coming online in the future + +\- People watching during rush hours to see if people in the neighbourhood actually go to work + +\- Talking to local store owners about their impressions of the neighbourhood (and more importantly their complaints) + +Anyone have any additional recommendations? + + +Hi everyone, I would like to share experiences from my first investment property. I am at the cross roads about refinancing and would like to ask for any input from people on here who have experience with BRRRR method. I want to share all the lessons I learned, so prepare for a long read. + +A little about myselfā€¦Iā€™m in my 20s and have a corporate job in engineering. Just like most of us, I have been working from home since March, 2020. I work in the expensive market and do not want to invest there long term. My family lives in Columbus, Ohio, so I stayed with them for the majority of the quarantine. I have been following Bigger Pockets for \~5 years, reading books, and following numerous forums. + +For the longest time I would research popular cities on Zillow/Realtor and could never find a deal that made sense. Even ā€œgoodā€ deals would barely break the 1% rule. The big ā€œAHAā€ moment for me was listening to the Real Estate Rookie podcast, where the guest shared his experiences with investing long distance. The lesson that stuck with me was that every popular city (Austin/Nashville/Columbus/New Orleans/Boulder/Seattleā€¦) has institutional investors who pump money into the real estate there. I realized that as a newbie investor, I could not compete with investors with robust systems in place. I realized that smaller cities that fly under the radar of institutional investors are where I needed to look. Therefore, I expanded my search radius to 1 hour drive and found several small cities in Ohio with lots of affordable inventory. I spend a week calling listing real estate agents of the properties I liked and asked questions about the market. Eventually, I found a large 5 unit property for $80,000. The deal was too good to be true (It was). I kept calling the listing real estate agent for several days, until he finally picked up the call. We ended up talking for one and a half hours about the area and other inventory he was listing. I invited him to lunch, as I wanted to learn more about what he does and the area he works in. At lunch, I found out that this guy was not only an agent but also an active investor. He had all the systems set up to flip houses. After lunch, I asked him to show me 4 properties, as I was ready to invest. This was a bit of the leap of faith for me, but I was confident in myself to do the right thing. Location was key for me, since every town has good and bad areas. I picked a duplex right next to the private university, many restaurants/bars, and a large park. The duplex was listed for $94k. I ended up negotiating to $83k. The duplex is 3 bed 1 bath in one unit and 2 bed 1 bath in another unit. Most importantly, this house stayed on the market for over 120 days! + +I went through a traditional financing as a primary residence to put the least amount of money down possible and spend the rest on rehab. The financing process was very difficult because I was purchasing a property far away from my work location. The appraisal process was delayed. All in all, it took 6 weeks to finalize the financing and I was ready to sign papers. + +The duplex had 1 side occupied with long term tenants and the other side vacant. The long term tenants were underpaying ($600 for 3 bedrooms) and kept the place in a terrible condition (found mice in their unit). I was lucky that they were month to month, so I gave them a 30 day notice when I acquired the property. Lessoned learned there to always ask for the lease terms of the inherited tenants. I also realized that the person who owned the house did not want to be a landlord and did a poor job taking care of the place, which was a perfect opportunity for me. + +Once the property was mine, I moved my office desk, blowup mattress, and few dishes into the vacant unit. I wanted to work from there and not waste time driving back and forth from my parentā€™s house, which was 45 minute drive, one way. Looking back, that was a great decision as I learned more about the area and every little detail about the house. + +All in all, I spent $26k on remodel. I used contractors for 2 brand new furnace/AC units, siding, and gutters. Everything else I did myself, because I wanted to learn what it takes and be able to speak to the contractors in the future. Doing everything myself I learned what ā€œsweat equityā€ really is. For 8 weeks straight I worked very single day till midnight to finish the property. It was a lot of dirty and difficult work. My hands were literally falling apart. What made the work worth it, was the interest I received in the property when I put it up for rent. I used Zillow property management tool to screen my applicants. In the first 24 hours, I had 18 applicants who paid $25 just to submit application. This was very surprising for me, as I am sure we all are worried about vacancy of the unit before buying. + +I got lucky that I met the real estate agent/investor who gave me contracts of all reliable contractors and even shared the lease with me he used for his properties. + +Before both units were finished, they were both rented. The 3 bedroom unit went for $875 and 2 bedroom unit went for $775. + +My expenses for the property are Mortgage ($475/month), Water ($80/month), Trash ($50/month). Which leaves me with $1,045 for all the contingencies. + +Considering that the property was initially appraised at $83k, I have been considering to refinance as all the gurus are preaching. However, I like my current cash flow and do not want to reduce it and lavage myself more, if I refinance and pull my down payment out. Also, I do not want my debt to income ration to increase. I have a great job that I can keep working to fund my next deal. Now I am focusing on paying off the $26k I spent on remodel and slowly building up the down payment for my next project. + +I left A LOT of details out, so if you have any questions, please let me know. +Looking at a potential deal and what a second set of eyes on the deal. Townhouse in a decent area. Needs paint, flooring, appliances, and a hot water heater. Unit next to it is renting for $950. According to rentometer and zillow their estimate is 1,000-1,100. Assuming I should shoot for higher and can back down if needed. + +&#x200B; + +[https://imgur.com/8myIi10](https://imgur.com/8myIi10) + + +Hi everyone, I would like to share experiences from my first investment property. I am at the cross roads about refinancing and would like to ask for any input from people on here who have experience with BRRRR method. I want to share all the lessons I learned, so prepare for a long read. + +A little about myselfā€¦Iā€™m in my 20s and have a corporate job in engineering. Just like most of us, I have been working from home since March, 2020. I work in the expensive market and do not want to invest there long term. My family lives in Columbus, Ohio, so I stayed with them for the majority of the quarantine. I have been following Bigger Pockets for \~5 years, reading books, and following numerous forums. + +For the longest time I would research popular cities on Zillow/Realtor and could never find a deal that made sense. Even ā€œgoodā€ deals would barely break the 1% rule. The big ā€œAHAā€ moment for me was listening to the Real Estate Rookie podcast, where the guest shared his experiences with investing long distance. The lesson that stuck with me was that every popular city (Austin/Nashville/Columbus/New Orleans/Boulder/Seattleā€¦) has institutional investors who pump money into the real estate there. I realized that as a newbie investor, I could not compete with investors with robust systems in place. I realized that smaller cities that fly under the radar of institutional investors are where I needed to look. Therefore, I expanded my search radius to 1 hour drive and found several small cities in Ohio with lots of affordable inventory. I spend a week calling listing real estate agents of the properties I liked and asked questions about the market. Eventually, I found a large 5 unit property for $80,000. The deal was too good to be true (It was). I kept calling the listing real estate agent for several days, until he finally picked up the call. We ended up talking for one and a half hours about the area and other inventory he was listing. I invited him to lunch, as I wanted to learn more about what he does and the area he works in. At lunch, I found out that this guy was not only an agent but also an active investor. He had all the systems set up to flip houses. After lunch, I asked him to show me 4 properties, as I was ready to invest. This was a bit of the leap of faith for me, but I was confident in myself to do the right thing. Location was key for me, since every town has good and bad areas. I picked a duplex right next to the private university, many restaurants/bars, and a large park. The duplex was listed for $94k. I ended up negotiating to $83k. The duplex is 3 bed 1 bath in one unit and 2 bed 1 bath in another unit. Most importantly, this house stayed on the market for over 120 days! + +I went through a traditional financing as a primary residence to put the least amount of money down possible and spend the rest on rehab. The financing process was very difficult because I was purchasing a property far away from my work location. The appraisal process was delayed. All in all, it took 6 weeks to finalize the financing and I was ready to sign papers. + +The duplex had 1 side occupied with long term tenants and the other side vacant. The long term tenants were underpaying ($600 for 3 bedrooms) and kept the place in a terrible condition (found mice in their unit). I was lucky that they were month to month, so I gave them a 30 day notice when I acquired the property. Lessoned learned there to always ask for the lease terms of the inherited tenants. I also realized that the person who owned the house did not want to be a landlord and did a poor job taking care of the place, which was a perfect opportunity for me. + +Once the property was mine, I moved my office desk, blowup mattress, and few dishes into the vacant unit. I wanted to work from there and not waste time driving back and forth from my parentā€™s house, which was 45 minute drive, one way. Looking back, that was a great decision as I learned more about the area and every little detail about the house. + +All in all, I spent $26k on remodel. I used contractors for 2 brand new furnace/AC units, siding, and gutters. Everything else I did myself, because I wanted to learn what it takes and be able to speak to the contractors in the future. Doing everything myself I learned what ā€œsweat equityā€ really is. For 8 weeks straight I worked very single day till midnight to finish the property. It was a lot of dirty and difficult work. My hands were literally falling apart. What made the work worth it, was the interest I received in the property when I put it up for rent. I used Zillow property management tool to screen my applicants. In the first 24 hours, I had 18 applicants who paid $25 just to submit application. This was very surprising for me, as I am sure we all are worried about vacancy of the unit before buying. + +I got lucky that I met the real estate agent/investor who gave me contracts of all reliable contractors and even shared the lease with me he used for his properties. + +Before both units were finished, they were both rented. The 3 bedroom unit went for $875 and 2 bedroom unit went for $775. + +My expenses for the property are Mortgage ($475/month), Water ($80/month), Trash ($50/month). Which leaves me with $1,045 for all the contingencies. + +Considering that the property was initially appraised at $83k, I have been considering to refinance as all the gurus are preaching. However, I like my current cash flow and do not want to reduce it and lavage myself more, if I refinance and pull my down payment out. Also, I do not want my debt to income ration to increase. I have a great job that I can keep working to fund my next deal. Now I am focusing on paying off the $26k I spent on remodel and slowly building up the down payment for my next project. + +I left A LOT of details out, so if you have any questions, please let me know. +Hi all, wanted to pick some brains here on a deal. + +~2,000 sqft 3/2 in a nicer neighborhood in my town (Houston, TX). Went to see the house today and it was DISGUSTING, one of the worst I've seen, dog urine throughout, carpet with God knows what on it, horders, etc. needs new practically everything (roof, maybe foundation, windows, plumbing, electrical, let's just say everything). + + I'm estimating all told with contingency 90k. +Purchase price 100k (they are asking 160k but if someone buys it for that they are crazy). + +Arv ~215k +Rent comps ~1,950 / month 10 Dom. +With a 150k loan I'd have ~45k in the deal and $300 cash flow / month all told. +That's 8% / year CoC but seems like a lot of work... + +This something y'all would avoid or go for? +As often described, FIRE is a set of values that govern pretty much all aspects of one's life. But I personally struggle with this purist approach and wonder how others face similar conflicts. As a concrete example, I would be willing to invest in my children's education quite liberally (eg to privately fund an ivy league degree if it comes to that), even if it throws my FIRE goal out of the window. Or in providing for my family, I sometimes feel guilty for skimping, even if my wife shares the same value. Other times, I have forgone my passion for finer things in life (eg luxurious watches) to stay on course. I sometimes wonder if I get my value compass too distorted. + +Do you guys have these conflicts? Are you purists or set aside a few exceptions to FIRE rules? +I was curious that so many people are interested in day trading. How many of you guys are just watching from the sidelines, just getting into it, part time, and how many are full time and how do you manage? + +Personally, I am a student and have made a schedule that allows me to trade at least 4.5 hours of the trading day. + +Just curious if there really are so many day traders out there and wondering how people farther along in life manage trading and other commitments like a job. +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! + +I love Ethereum however I think there is needed some competition and there will be some competition. I think it will work similar like Bitcoin and Litecoin. For example there could be "The main blockchain/Ethereum" and some smaller Blockchains in terms of market cap. I don't see use for Litecoin but it was possible to get some good profit if you knew when it was cheap and when overpriced. +. +1) First ICO was for QTUM and raised $15.6 m in 117 hours. +2) Second ICO was for BOScoin and raised $12 m in 17 hours and $3 m at Pre-Fundraiser. +3) Third will be Tezos and there is no cap on the amount of contributions that will be accepted. I think it could get ~$50-$100 m during ICO. In terms of development it is maybe good but then it will be overvalued. +. +Probably main nets for these blockchains will be released approximately at the same time. I think until that moment Ethereum could increase in market cap and in near future these new blockchains will experience crash in price. +. +I think the best thing what could be done is just to stay with Ethereum. In this way: +- It will be possible to see which one of the new blockchain teams can actually deliver stable product and what actually they can do. It could be that one or two of these new ones will not be delivered at all or will be total crap... +- Buy them at much lower price after main net release because they should have crash and meanwhile Ethereum will go up. +. +Note: I bought small amount of QTUM and was thinking to maybe buy small amount of Tezos but at this moment it seems that it is better to stay out of it... +Last two days we have seen a good recovery that makes me happy, last few weeks was embarrassing for eth. But I do not think to sell my ETH that kind of cheap prize. When right time comes I believe it will give me a good profit. I think after a good bull run we can achieve 1000 $ again, but there must me professional traders here what's your thoughts ? +Hi! + +I was just accepted into the full-time software engineering program with Flatiron and have approx. $0 to my name. + +I know I can get a loan with either Climb or accent with around 6.50% interest, is this a good option? I would theoretically be paying near $600/month. I really enjoy coding and would love to start a career in tech but the potential $19k price tag is pretty scary. Any advice? +Hello. I am an old fat ape with 2 wrinkles. I came to the party a little late, after the sneeze, but am fascinated and now invested in this battle. I, too, was excited to see my shares quadruple overnight. + + +But something has been nagging on my first wrinkleā€¦if Ryan Cohen plays 6d chess, what is this split move all about which requires so much forward communication? Also, why bother with a split when your enemy can just print more synthetics? Something wasnā€™t adding up. + +Then it hit meā€¦itā€™s classic chess. Throw a piece out there to bait your opponent. They take it out of greed, ignoring the rest of the board. Any brokerage or sponsor of someone short $GME will just manufacture the split shares, so today no one will notice. + +Butā€¦ + +There is someone who knowsā€¦and that someone is the person who hands out the shares. + +$GME already reveals the number of DRSā€™d shares on their quarterly reports. This wasnā€™t necessary or obligatory. But they did it anyway. My prediction is that next quarterly, GameStop will be compelled by SEC rules to declare the exact number of shares they distributed via dividend. Imagine how everyone will look when the number of shares distributed is 70% less than the number of shares reported via insider + institutional + float. GameStop literally has the opportunity to tell the world the exact number of real shares that really exist, and not only can they reveal it, they may be compelled to. + +After that, I donā€™t know the next move. How do you know (besides drs) who has real and who as synthetic shares? But I assume RC is either working on that or already knows his next move. But I think the next quarterly is going to drop an h-bomb on Wall Street. + +Thatā€™s it. Thanks for coming to my Ted talk. Iā€™m gonna go get drunk now. + +TLDR $GME is going to unveil the number of shares they distributed during the splividend to telegraph the real float. +It occurred to me the other day if I just save $300K/yr until I'm 60 I should have about $30M which should be beyond what I realistically ever expect to need. As a result it got me thinking I should be more liberal with spending beyond that. + +I'm curious, what do others do? Do you aim to save a certain percentage each year? Are you happy to hit a limit and then give yourself more freedom? + +After my epiphany I decided to let myself live a little and bought a Porsche Panamera. I'm having a little doubt that it's ok to spend this kind of money on a car. Tell me I'm an idiot one way or another. +I've searched this subreddit and am surprised to see there hasn't been a lot of discussion about moving to places with favorable tax structures (legally). + +Obviously as an American it's difficult, as you are expected to pay taxes even if you live abroad, but for other nationalities, changing your tax residency seems to have a large effect on how much you can spend an/or how much your net worth will grow after retirement. + +I'm in a flexible position where I am closing in on Fatfire (10.5M USD NW) and also have no hard commitments to where I am living (no house, or family nearby). I don't plan to have kids. The area I am currently living in has very high taxes (53% top bracket on income/interest/dividends which kicks in at 200k, capital gains taxed half). + +As moving forward my only income will be from an investment portfolio, it seems wise to move to somewhere with favorable tax structures. I'm very early on the research, but Panama, Cayman Islands, Singapore, Switzerland, Qatar, Belize, all seem like possible options that have very low (0 in most cases) capital gains tax. Obviously these examples are very different from each other, but all could serve as places to reduce taxes. + +I'm curious on if anyone has taken the route to become a tax-resident of a place with advantageous tax structures and how it has been. How much time do you spend in your new location and what have the main adjustments been? +Hi Ausfinance! + +I'm hoping for some advice from people more experienced with life and money than me. I'm confused what I should be doing at this phase in my life. + +I'm early 30s, have a decent, stable job (110k a year) and living at home in one of the cheaper states. + +I have about 60k in savings, 30k in ETFs and 30k in my savers bank account. The idea is to save for an apartment on the cheaper side (easily serviceable 350-400k price). + +My debts are relatively low, have about $15k owing on a car loan with an interest rate of 3.9%, and I have about $30k in HECS debt. I don't have any credit cards or other debts. + +Should I be seeking the advice of a financial planner at this stage? Is dumping all my money into a house deposit advisable? + + +Thanks. +My relative left a sizable sum in stocks to the family, but upon selling the stocks and transferring them to an account we discovered the bank took $45,000 in taxes in fees out of the fund. I donā€™t believe this was inheritance taxes either, as it was just a private investment account left in the name of someone else. + +What options do we have to get the money back, if any? Under what rules can the bank tax/take 13%? + $StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. We are becoming much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. Don't you think Tesla workers deserve a union and fair wages before Doge holders get kickbacks? + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +Updates: + +* Updated website is looking good, but still working with changing stuff. +* We have continued to gain holders, now at 20,850+ and total transactions have now surpassed 52,600. +* Wechat is going great! This movement is completely worldwide and only just starting. +* Fantastic live audio Q/A with the team today. Very detailed answers and developers really proved they know what they are doing. Could not have gone better. Was recorded, 2 hours long. +* New sponsored AMA with a prize pool of $1000 is going to be hosted by Crypto Eagles on May 29th, 4pm UTC +* The team has been in talks with many different exchanges as well. too early too call, but have been talking to exchanges for a while now and are insuring they should support tokenomics. +* Contract audit from Techrate is completed and passed with flying colors! + +$StopElon in the media. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $25M+ Marketcap 20,850+ Holders + +āœ… Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON\_BSC) / Twitter + +šŸ“· English Telegram (@StopElon\_BSC) + +šŸ“· Website: [www.StopElon.space](http://www.stopelon.space/) + +šŸ“· Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +šŸ„ž Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) +I can only imagine how many of us European apes can't just make a simple 6/9 minute phone call and get our shares DRSed like the rest of the sub. Shit, the fuckin eToro does not even allow you to transfer out of them to any other broker.Ā  + +But thats just an excuse, for people who still think that not **every registered share matters**. With this paycheck **I was able to register X shares**. And I know that **EACH share matters**. The IBKR way works, and I will share all my steps. + +&#x200B; + +[ Me joining my fellow Apes who have already direct registered their shares with ComputerShare ](https://preview.redd.it/febe17lj6eq71.png?width=1023&format=png&auto=webp&s=308fcec3e717d6acdc98fcca6ed3112932fda58d) + +# 1. Open an account with IBKR + +It took 1-2 business days to verify my account. + +# 2. If you want to transfer, check if you can transfer SOME of your shares to IBKR. + +Now my primary broker is eToro, and I don't have that option, but you should check yourself. The **transfer options are located under Transfer & Pay > Transfer Positions > ACATS**. Check if your broker is under the dropdown menu. Now I hope I don't get called a shill when I say "some of your shares", as I definitely **mean at least 80% of your shares.** Keep in mind that in MOASS, 1 share sold will be RETIREMENT money. If I could transfer out of eToro, I would have registered 95% of mine. +**Note:** there might be some associated fees with your possible transfer. E.g. Revolut transfers are possible (as their broker is DriveWealth), but you need to have 100$ as a transaction fee (either in your IBKR or your Revolut trading account). + +**If you don't want to transfer or it is not possible to do, then:** + +# 3. Fund your account. + +I know this might be the hard part - but wait for your paycheck, or look around you and sell some unnecessary stuff. I bet there are many things you can do to get about 200$ for at least 1 share. Keep in mind that the transfer to ComputerShare costs additional 5$. + +# 4. Buy that discounted GME and jack your tatas + +Congratulations, you just got yourself one step closer to the MOASS. + +# 5. Wait for 2 days for the trade settle. + +Your transfer will be rejected if the trade hasn't been settled yet, as the T+2 rule applies here. + +# 6. Send a simple message to IBKR asking for DRS transfer. + +The IBKR support guys can be contacted from **Account management > Message Center > Compose > Fund & Banking > Position transfers**. My message was basically saying:Ā  + +*"Please DRS my whole GME position to ComputerShare."* + +To which I received a response: + +*Please confirm how many shares, and that you accept the fee of 5$ for the transfer.* + +**I confirmed.** + +3 hours later I received confirmation letter that the transfer has been initiated.Ā  + +&#x200B; + +[IBKR initiated the transfer](https://preview.redd.it/9rh1b9ml6eq71.png?width=782&format=png&auto=webp&s=50fbcd351a2a56b769dd2e6bd2ccc26f5d5be1fa) + +So, to summarize, **you should be able to direct register your shares using just the below template**: + +Subject: **Direct transfer my GME position to ComputerShare** + +Body: **Hi** + +**I would like to DRS my X / XX / XXX** (or whatever) **number of shares of GME from my account to ComputerShare.** + +**I am aware and I agree with the 5$ fee for the settled transaction.** + +**Thank you** + +To which, you should receive the automatic confirmation when the process is initiated (mine was quite fast, 2-3 hours at most). + +# AND THATS IT. NO EXCUSES. IBKR is the way to direct register the shares for Europoors.Ā It is really just THAT simple. + +PS. I am from Bulgaria, so the conspiracy theorists might question my English as well, as they do the landing on the Moon. + +Not a financial advise. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +The feeling of greed gets so big that i set absurd sell orders and keep putting my sell orders higher because of the greed. HODLing can be hard but imo taking profits is way higher. When i was up 7 times on my vechain i didn't sell anything so now im "only" up 3 times. Whenever i get close to taking profits i always set new orders, did the same thing in 2018 and never sold any crypto in my life.. could have made so much more. And that's why i think taking profits(even if you Just did a 100% gain) are hard as hell. Hopefully i Will learn from these mistakes +https://www.tesla.com/blog/master-plan-part-deux + +Essentialy, Elon thinks that he will be able to do the following: + +1) Create a fleet of self-driving Uber's that can generate Tesla owners income when you're not in your car. +2) Make every roof solar powered, and, be able to store that solar power in your home (SCTY B/O?) +3) Develop much safer, self driving Tesla cars. +This $18,300 dip is still not the lowest crypto will go. Sadly the economy is still in the craps and the stock market is not even close to rebounding. This is not the bottom. If you have money to buy crypto, probably best to wait. + +I donā€™t think crypto will go up a reasonable amount while the stock market is losing value. We could very well be on our way to $10k here in the next month or two. Ethereum at $500 is a very reasonable price target abs Bitcoin at $10,000. + +Donā€™t invest in alt coins. Youā€™ll be able to get them at pennies on the dollar. This summer will not be kind to crypto. + +I hope Iā€™m wrong and this post will make crypto change course but I doubt it. This is the time when real money is made. Time to average down and lower your cost basis greatly. Be safe out there people! +Why has Bitcoin septupled in only half a year? Because if it works as promised, it's decentralized and free of the meddling of any government, especially our own government. Notice the financiers all hate it. JP Morgan CEO Jamie Dimon called it a "fraud," and all of the media repeated it. Bitcoin's value skyrocketed after that. + +It's because the entire corporate media was unanimous about invading Iraq even though it was based on a lie. That can't be understated - the government knowing and willingly lied to everyone. It wasn't a "strategical blunder." Thousands of Americans died, millions of Iraqis dead, leaving it wide open to the worst extremist groups imaginable. Hundreds of thousands of Iraqi children are being born with defects because of the leftovers of our weapons. No prosecutions, no arrests, no one is punished, nothing changes. We're still at war with even more countries now, and we would be at war with more if not for the protests of citizens. + +It's because we now know that Saudi Arabia was involved in 9/11, and because the US govt flew out Saudi royalty right after the attacks, and because that country is our "ally" even though they finance Islamic terrorism and have horrendous human rights records. While we're having our own Crucible going on about sexual harassment, Saudi Arabia which treats woman like second class citizens is just okie dokie with us. + +http://www.cnn.com/2016/09/09/politics/house-9-11-sue-saudi-arabia/ + +It's because financial institutions and banks, who receive billions of taxpayer dollars from the Fed for free and then get to turn around and loan it out to people at interest before inflation has devalued one cent of it, while we are trillions in debt, who deliberately defrauded MILLIONS of hardworking people out of their pensions, got slapped with fines the equivalent of a traffic fine compared to how much money they make. No prosecutions, nothing happened, nothing changed, and now members of the government during that time are right back working for Wall Street as consultants. While savings accounts pay less than 1% annual return. + +It's because corporations who enjoy record profits have all the power pay hardly anything in taxes and stash all their profits overseas, while the life of the average working American gets shittier and shittier. + +It's because grads with student loans were preyed upon with high interest loans because the government let them, and because public university raised their tuition to extortionate higts because the government let them, and sold a bill of goods about how everyone needs a college education only to enter the worst job market in generations with debt so high just to get a B.A. you'd think they just finished medical school. and its one of the only if not the only types of debts that wont go away with declaring bankruptcy, interestingly enough. + +It's because while the GOP is trying to push through a tax bill that's going to cheat even more Americans out of their wealth, including teachers deducting classroom supplies that they have to buy themselves because public budgets already dont pay for it, all the "liberal" media can talk about is some BS conspiracy theory about Russia that is shown again and again to be [completely baseless](https://theintercept.com/2017/12/09/the-u-s-media-yesterday-suffered-its-most-humiliating-debacle-in-ages-now-refuses-all-transparency-over-what-happened/), and polls have shown that only 6% of Americans consider it a top priority, yet thats all you see on the news every single day. + +It's because our government of our so-called free country decided that they can decide what substances people can put in their bodies, and therefore created the largest gulag state known to man, where we imprison more people per capita than any other country in the world - more than China, more than Russia, more than North Korea - with 4.4% of the world's population we imprison 22% of the world's prisoners. Nearly one out of 100 Americans are behind bars at any given time. + +It's because the only politician in our lifetimes that actually seems like he gives a crap about people and not just money was betrayed, cheated and railroaded by our own "liberal" media and our own "liberal" political party, and those who supported him were bullied and manipulated and lied to and insulted and discredited, and are still are, and no one seems to care. + +It's because we're supposed to praise the gods for having been delivered crappy, byzantine and overpriced insurance, because even though we're the wealthiest country in the world, and even though the vast majority of voters want single-payer, both political parties have infinite numbers of reasons and excuses of why we can never have that. + +yeah...go bitcoin... +Wouldn't this qualify as insider trading? + +[Source](http://www.businessinsider.com/intel-ceo-krzanich-sold-shares-after-company-was-informed-of-chip-flaw-2018-1) +You can run as many simulations as you want, but remember the truth: + +Disease, family problems, accidents, accidental pregnancy, fraud, bank runs, lawsuits, fire (the combustion kind), earthquakes, floods, tornados, globally unprecedented economic catastrophe, globally-totally-precedented-in-japan economic stagnation, extreme economic success in thailand, political upheaval, and even just an unexpected change in your own desires and idea of a good life all big risks to your FIRE dream. + +Make a FIRE plan that's adaptable and robust beyond a diversified portfolio (though those are great). Keep up a little freelancing, work part time, be ready to cut spending, learn some hobbies that can save you money or make you money, start an extremely successful blog. In short, don't take the dumbest risk of all and assume that the simulations are the beginning and end of it. + +**Edit**: To be constructive, I'd like to see more posts about strategies for downshifting to part-time work, whether it's possible to be a part-time consultant effectively, making money off hobbies (without becoming /r/entrepreneur), investment strategies that can be goosed by a little elbow grease (real estate if you do more work landlording or renovating, for instance), etc. +Currently in the low cost index option with Hostplus but considering moving to a higher growth. Or am I already in high growth? I've been looking at their [products](https://pds.hostplus.com.au/5-how-we-invest-your-money#a38cce86-7cbc-44f4-b220-b8f6bfd29656) but am having confusion trying to reconcile the growth vs fee decision. +I'm a regular lurker in this sub, and I love the community here. I would like to share a large decision I recently made, and hear your thoughts on it. + +When I began working at 22, I was fortunate to start at $95,000/year at a large company. I've always been frugal, and I started barreling toward FI. I started saving over 70% of my income, and according to my crunched numbers, I would easily be FI/RE by 35. I didn't like my job, but I figured that was okay, because I was only going to do it for a decade or two. + +I'm now 25. Call it a quarter-life crisis, but over the last year I've come to a realization. I had fallen into a trap that I fear a lot of this community falls into: I didn't like my job, I had no energy for hobbies because of the stress of my job, and I generally felt unfulfilled by my lifestyle. I was saving money, but I wasn't living my life. Don't get me wrong; compared to many around the world, I lived a very privileged life. But I wanted more. + +Since my job takes up more than a third of my time, I started there. I started thinking about what I wanted to do when I retired early. I came to the conclusion that I still wanted to work - I enjoy structure and don't mind "working for the man" as long as the work is meaningful. I decided that I would enjoy teaching; I am passionate about it, and the only reason I didn't originally pursue teaching was because of the low pay. I have volunteered in classrooms and held part-time assistant teaching jobs, and I love nearly everything about it. + +So I made the leap now. Yes, I could wait until 35, reach FI, and take a teaching position without any consideration for the pay. But I realized that's not what I want. I still want to achieve FI well before the traditional retirement age (my new numbers put me at FI at 45!), but I'm choosing a slightly slower route in order to live my 20's and 30's without this crushing lack of fulfillment. I accepted a teaching job for the upcoming year at a nice private school, and I couldn't be happier with the decision, even though my pay is getting cut in half. I'm thrilled to be pursuing a passion instead of living the next decade as a cog in a machine churning out widgets. + +I know that most members of this community wouldn't have made this choice. But I don't think it's out of line with the goals of the sub. I still value my frugality, I still keep track of my savings rate, I still look forward to a day when I will be financially independent. But I will not spend the next decade miserably counting down the days. +When the MOASS begins, if they cut the internet no ones selling. If no ones selling there wonā€™t be any shares to buy = less supply to purchase with insane demand would only cause the price to go even HIGHER. + +This is blatant FUD and makes no sense. Say the internet does go down, everyoneā€™s trying to call their brokerages, brokers get flooded with calls checking the price and hearing itā€™s in the thousands, thereā€™s a wait time to connect to a broker now, people panic and hear price is dropping and everyone starts selling. + + +IF THE INTERNET GOES DOWN ITS COUNTERINTUITIVE IF THEYRE CLOSING THEIR SHORT POSITIONS, DONT BUY INTO THE FUD. + + +This can be manipulated to no end, not having easy access to the current price and youā€™ll be out of your position of sheer emotion. Brilliant plan on their part, but DONT BUY INTO IT. +Unfortunately I lost my retail department store job several months during lockdown subsequently have fallen 2 months behind on my rent and soon to be 3 months next week (1000 p/m). The agency emailed me offering Ā£1000 if I leave by the 18th and allow viewings for other tenants. Also they said that they will write off any amount owing as well. Problem is it really sounds like an attractive proposition but I have nowhere to go. Any advice that you can offer will be greatly appreciated. Thank you! + +Edit: Thank you all for your advice I really appreciate it!!! +I've been a long time member for the Capital One Quicksilver Card and back in November I got an email saying if I spent $7,500 until 2/7/20 I would get a $300 bonus reward. The email came with a One Button Activation Link and I clicked on it early December and solely used this card for all my purchases until I racked almost $7,800 by that date. Come late April I check my account and still no reward so I call just to see to see what the status is and the representative tells me everything looks good and that the reward will be paid out by 5/5/20. Fast forward until a few days ago and the rewards still hasn't been updated so I call 5/14/20 to see what the status is and it surely was an hour of torment. + +So first I explain to the representative my issue and she straight up tells me she knows of no promotion like that and she sees that I've been a long time member and those promotions are only for new customers with new accounts. I told her that I am indeed a long term customer and that the promotion was specifically for existing customers and that I have the email opened in front of me. I tell her that I activated the Promotion and she tells me that my account doesn't show any promotion associated. She asks if there's an offer code in the email and I tell her that I don't see anywhere that says "offer code" but that it might be these letters and numbers that are at the bottom of the email so she punches it in and reads back to me exactly everything I spent the last few minutes trying to explain to her including dates and spending amounts. + +She tells me that because I didn't meet the $7,500 minimum I did not get the reward. I told her that I spent well above that amount and that I should be eligible for the reward. A lot of deep breaths and sighs later and about 15 minutes of holding time, she says she has to have an accountant review my transactions and see why I didn't get the reward. After another 10 minutes on hold I am told that the accountant reviewed my transactions and because of a couple credits and returns I was $14 shy of the $7500 minimum. I told her that was impossible because I had already factored in those credits and I should still be above $7,800 and she says that I am wrong and the accountant is correct and there is nothing she can do. I told her I would like to talk with the accountant and to see where these numbers came from because this should be absolute and that numbers shouldn't lie and she transfers me to her colleague who's just another representative and I go over the numbers with her. I'm triple checking all my numbers between holds and they're still coming out to above $7,800 and I go over it with the new representative. I hear a "OH" and a long paused silence and she gets back to me with an I see response. It turns out and I do not know if they were doing this on purpose but they were not looking at my statement transaction dates but the posted dates and for whatever reason some were posted on their end past the last day of the Promotion but the statements showed it as being posted on that date or prior. I do not know if this was intentional or not but she said she will escalate it to the rewards department and I will soon get a response. Fast forward the next day I get a call from them that I miss but I recognized the number and checked my account and lo and behold a $300 credit. I guess I won, but at what cost. + +&#x200B; + +TLDR: Didn't get my $300 credit card promotion reward. Called them about it. Finally got it. + +Edit1: + +Thanks for the responses. To make things clear, I appreciate customer service workers and am always polite and respectful to them whether it be in person or on the phone. I never raise my voice and I try to speak as clearly and as to the point as possible and as sympathetic to their position as possible. + +I also pay off all my credit cards every month in full and have stellar 800+ credit. I take full advantage of all my different credit card benefits and agree with most that Chase (especially Sapphire) has the best customer service and CapitalOne I would rate flat average. I use anywhere from $2500-6000 per month on credit cards depending on the month and usually funnel it through whatever card that month is giving me the best benefits. I make around $200,000/year. The reason I made this post is mainly for 2 reasons, 1 being to vent and to see if others had similar situations and the other to perhaps give light on people to make the extra effort to fight for their benefits if they're rightfully deserved so in similar situations. + +To the few that don't believe this promotion doesn't exist, here is the screenshot of my email +https://ibb.co/K22sjg0 +https://ibb.co/mCZVmB5 +I'll start by saying I've probably spent about 15 hours googling, reading articles and posts, watching videos, and exploring product/service websites. I now have a myriad of options and paths, but am sure others have a bunch of insight that could save me from making many mistakes. + +I have been involved in stocks/crypto for about 4 years now and done decently well with long term investments. My day dreams of trading come from watching a youtube channel called "Trading Rush" where the creator is a very experienced day trader and regularly tests trading strategies 100 times to get their win %. Sometimes he has bots do it, which is what has led me here. Seeing that he can have simple strategies that lead to a 50 or 60% win % using 1.5/1 profit loss ratio. Of course he doesn't share the bots and doesn't really talk more about them than that. To have something like that just sounds.....too good to be true. So question #1 would be: + +1. Is a simple strategy bot really possible to be that profitable? + +Now most of my research has been on how these bots are make, or I could copy off of. There are so many choices such as python, or paid options, or pine script within Trading view and hooking up with an exchange to execute. + +2. This might be personal preference or experience, but advice on what to use here? (I know nothing about coding. So using the articles I've found, I feel like I could possibly make the pinescript work by copying a lot) + +Going back to the Youtube channel (can't include links here as its seen as promotion) I have had it in my head to use this for forex trading, though I haven't done it before. I like crypto, but don't feel its predictable enough for such things to really work well, and I could be totally off. Theres a lot of options for Forex platforms to use, and those may have impacts on the type of program the bot is based off of. + +3. Is Forex a good idea for this or would crypto suffice and be easier? + +**TL;DR**\- Im trying to research how to get a bot running that will do forex trades with consistent profit using MACD or the beep boop indicator. Is my head in the sky with what I'm going off of or is this a real thing? What paths should I use for coding, and then for the exchange? + +Thank you for any help and direction +I work away, Ive moved 5 hours away from my girlfriend of 2 and a half years and in a year or two Ill start doing deployments. Thats something for another day but Im trying to save whilst going through all my training but Im spending money on unnecessary things because it temporarily cheers me up from missing my girlfriend. How do I curb this issue? + +Edit: thanks for everyones advice and for sharing their stories! Just a note that Im in the UK as many are assuming US. Apoligies, I should have specified. I'm also not depressed, but thanks for the concern. +Tl;dr: Buy SNAS, BBUS, BBOZ if you're šŸŒˆšŸ» + +Tl;dr2: Buy LNAS, GGUS, SPY, tech if you're šŸ© šŸ§ŸšŸ«”šŸš€šŸ¤¤ + +US CPI prints 8.30am NY time this Thursday (11:30pm Sydney time). Meaning Australian Friday markets get to taste the fungus. + +Why does United States CPI fuck my regarded DeGeneres ASX bets? +Because it's the McUnited Fucking McStates motherfucker, and it's the biggest market in the world and sends it's snakey globalised ripples all over, even under your wife's boyfriends bed where you live. + +Yeah but why? + Because if CPI, particularly PCE (or core inflation), is hot (higher than banker analyst DeGeneres's expectations) then that gives Pappa JPow and the Fed more reason to pile on the butt hurt with more aggressive Fed Funds hikes. + More cash rate hikes = bigger interest rates on your loans, eg: mortgage loan, business loan, the loan on the credit card you used to buy that Fleshlight last month. + Bigger loans = less consumer discretionary spending + Less consumer discretionary spending = less company earnings + Less company earnings in the future = share prices look too high, particularly when the risk free rate of return is increasing (cash rate) and you adjust expected futures earnings to present values with what will be a higher discount rate. + +Why higher cash rate equals lower net present values? + Because math. Yahoo it + +What else? + Credit market implosion. Big hedgies and pension funds unable to meet obligations and / or yield on bonds and notes up = prices down. These massive write downs may cause insolvencies, margin calls and cascade selling of assets to meet thresholds further putting downward pressure on markets. + +That'll never happen. + Really? It happened 2 weeks ago in England and the BoE had to step in with bailouts to prevent the gargantuan English pension fund system from blowing up. + +Ok but what if CPI is not hot? + We go to the moon šŸŒ™ + +Why? + Because it would signal to markets that the Fed is actually in control of inflation and their interest rate hikes are likely to slow down and cool off, maybe only 1 or more likely 2 more 50basis point rises as opposed to 100 or 75 basis points. Still a bit of butt hurt in a 50 basis point rise, but less butt hurt that 75 or more basis points. Markets will love that. + + + There's more. But that's enough to get you going next time you visit your in-laws and have to impress your girlfriend's/wife's Dad. + +Don't forget to smash that like šŸ‘ button and subscribe āœ…. Hit the bell šŸ”” notifications so you never miss a video. + +Adios moo-chart-toes +ALRIGHT retards, Iā€™ll be surprised if any of you make it past the third dot point or can understand any of this GENUINE DD. Strap yourselves because we are drilling for fucking gold that we already know is there + +**REASONS TO BUY** + +1. Management have all either taken projects through to takeovers or production + +2. Tier 1 jurisdiction with majors nearby. Some sovereign risk being in Argentina but there are significant pros related to this (below) ie. geological and labour efficiencies / costs + +3. **Company is being streamlined for a takeover target by one of their neighbours** ā€“ they own 100% of the project and company has alluded to being taken over previously ā€“ they are not looking to take this into production IMO and production is 4-5 years off (Newmont and Glencore are LITERALLY next door, they share the tenement boundaries. Newmont being the largest gold producer in the world retard) + +ā€œYou look at a current market cap of $200-odd million and we think we're going to be the next Company to emerge in South America, with a plus five-million-ounce ore body. What's a five million ounce ore body worth? They generally trade a couple of hundred dollars an ounce. **So, you do the sums of $200 million to potentially a billion-dollar market cap, in the next 12 or 18 months and really, that's the value prop.** And then, throw in Ecuador for nothing, where potentially we think we have the other half of a 15-million-ounce ore body.ā€ + +**MD is bullish on 5 bags in next 12-18 months** but I think heā€™s being conservative + +&#x200B; + +[CEL Tenement Locations](https://preview.redd.it/udo6qn8xpmg71.png?width=454&format=png&auto=webp&s=4bde3b23a27de0b257a010ae1ddf5ef1324aee37) + + **4.** **CASH** \- $47.5m in the bank**. Blackrock invested $20m at $28c**. Register held relatively tight. **No need for CR in the next 8-10 months** + +5. **They have 8 rigs spinning non stop for the next 10 months, currently 9 rigs, can easily move to move to 10.** If you know you know + +6. They have an onsite prep lab and 3 assay labs spinning full time. 50 people onsite. 14 exploration geologists who are all western trained - two experienced senior geoā€™s and plenty of core handlers / cutters at the shed + +Further to point 6, they did 75km on Hualian (their flagship project) in the last 2 years. **They will now drill 130k metres in the next 10 months with the assay labs to back it.** + +7. You care about this \^ because it means **fortnightly/weekly news flow for the next 10 months**. I am talking fucking announcement after announcement of GOLD. + +8. Geographical location means no issue with labour issues / costs incurred with that ā€“ turn around times are generally quick + +9. Management arenā€™t amateurs with the way they drill ā€“ they space the holes and have their rigs distributed between exploration drilling and infill drilling to make sure they are upgrading confidence intervals to roll straight into a resource + +10. They are tracking the resource internally and **hitting world class results at +100 gram metres each time with most holes open in all directions, at depth, at different locations of the orebody** + +They have a high grade starter scenario which will look like <$100mUSD capex with 1-1.5yr pay back due to the metallurgy and current high grade results ā€“ then thereā€™s an underlying porphyry which can provide the bulk of the ore body for an expansive mine life. Met work is simple and clean. + +**Offtake discussions have already started for their concentrate and they are reporting already above average payability.** + +**There are two main east west fault feeder structures and mineralization connects between the north and south ā€“ GOLD IS LITERALLY EVERYWHERE (see pics below).** + +**Dots in blue are assays pending.** + +[Flagship Project Location Map](https://preview.redd.it/ip0fndy2qmg71.png?width=446&format=png&auto=webp&s=aed03a3871fbf5f179b188e867b7f2ceab6f5050) + + Quote from the article ā€œSo you can get yourself into a mid-tier production level. From a low CapEx point of view, you're certainly looking at sub US$100 million, to get into production, simply because you have that high-grade starter operation, and also simple metallurgy, at a fairly friendly grind-size, a simple single-stage sulfide float's recovering better than 90% of the gold into a nice clean high-grade gold concentrate. So we don't need the back half of the plant or the gold room, and we donā€™t need to use cyanide, with the associated permitting as well. So it's a pretty simple operation. It's one of those that's almost idiot-proof.ā€ + +11. The project in terms of square kilometres/scale/strike is expansive, every time they drill they hit more gold, nothing is closed yet + +12. MD puts out an explainer video after every announcement: https://challengerex.com/investor-centre/#Videos (useful for you retards) + +13. **Corporate strategy is perfect for an explorer** ā€“ every $ goes into the ground and the ground is fertile everywhere and at depth, with further high grade bonanza potential in the hills (being drilled currently). **They will not put out a resource early, they are aiming for 5+moz and wont cut the drilling short ā€“ they will put the resource out later** + +14. They have 5 booming IP anomalies that are yet to be even remotely touched ā€“ the best is fully yet to come. They are currently working on the first IP target + +15. **Company is confident that every 40km drilling gets them a million ounces, last few announcements have provided half a moz in some sections.** + +16. Comment re: getting taken over at the end of this vid : - [https://youtube.com/watch?v=-\_jcycZHOPc&ab\_channel=ChallengerExploration](https://youtube.com/watch?v=-_jcycZHOPc&ab_channel=ChallengerExploration) + +17. They have an Ecuador asset basically being completely mispriced by the market. Thereā€™s 8 Ecuadorian geologists all western trained who know they have the other half of a 17 million ounce ore body. Drilling due to start this month + +18. I will repeat point 17 ā€“ **they are 5km away from a 17 million ounce ore body and they know they have the other half to it** + +19. Canaccord Genuity coverage and **price target of 55c**; [https://cdn-ceo-ca.s3.amazonaws.com/1g81gmg-Canaccord%20CEL%2020%20april%202021.pdf](https://cdn-ceo-ca.s3.amazonaws.com/1g81gmg-Canaccord%20CEL%2020%20april%202021.pdf) + +10. MD interview & info; [http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1363409/Challenger+Exploration+(ASX+CEL)+Planning+on+Becoming+a+Globally+Significant+Gold+Producer+Two+Projects+in+South+Ame.htm](http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1363409/Challenger+Exploration+(ASX+CEL)+Planning+on+Becoming+a+Globally+Significant+Gold+Producer+Two+Projects+in+South+Ame.htm) + +**NOW FOR THE PICTURES** + +[Regional Mag Data + showing who the neighbours are on a map](https://preview.redd.it/904oqvj6qmg71.png?width=602&format=png&auto=webp&s=0df365606da5e980a9e6b1624232aaab445a8ff6) + +Results from two recent announcements + +[The above results can be reported according to JORC](https://preview.redd.it/d6oyqtk8qmg71.png?width=451&format=png&auto=webp&s=bee8d4c7e40308f0a7da70b333d987615c5691db) + +[BONANZA](https://preview.redd.it/je9os4ibqmg71.png?width=397&format=png&auto=webp&s=278799decddd8cc0156bc9b8e098c4e3f3d20de6) + +Stock is basically a no brainer ā€“ there is no gold explorer listed on the ASX putting together as compelling a project at this one. + +# TLDR: HEAPS OF FUCKING GOLD IN THE GROUND, CEL WILL GET TAKEN OVER AT A MINIMUM 5X PREMIUM TO CURRENT SHARE PRICE, GET IN BEFORE THIS GOES FUCKING KABOOM + +Do your own research. This is not financial advice. +It's that time of year, expectations are high. +Hope you didn't forget to cash out your stonks for flowers and the fancy dinner - these are on you, wife's boyfriend only has to fuck her at the end of the night; you need to wine and dine her. + +Happy valentine's Day lads and ladettes. +May next week bring šŸš€šŸš€šŸš€ +Hope that cunt gets his XST Lambo; and a laptop for the female autist here. + +ā¤ļøšŸ§”šŸ’›šŸ’ššŸ’™šŸ’œšŸ¤ŽšŸ–¤šŸ¤ā™„ļøšŸ’˜šŸ’šŸ’–šŸ’—šŸ’“šŸ’žšŸ’•šŸŒ¹šŸŒ¹šŸŒ¹šŸ„€šŸ„€šŸ„€šŸ†šŸ†šŸ† +Wish I could say "Nice," but it seems inappropriate at the moment. + +Instead I'll ask, how many of y'all are still DCAing? I actually paused mine on Friday because of Gemini stopping free withdrawals, which turned out to be a bit of a lucky break because of this weekend crash, but I might start back up again at the end of this week on a different platform. + +At this point in time, though, people would probably be better off keeping an eye on global equities news rather than crypto news. This thing won't get any better until the macro stuff is sorted out. + +EDIT:In other news, Bitcoin dominance actually fell today, which is surprising. But Bitcoin + stablecoin dominance went UP. Maybe this crypto winter is the one where BTC.D stays below 60% because people are keeping their money into USDC and DAI instead. +I made sure and triple checked that we had the address right, the rep over the phone said everything looked good, I was eligible, etc. Then I get a bill almost double what I was quoted. I reached out to customer service and they told me I'm not eligible for the promotion at my location. How do I handle this? I'd like to make a formal complaint with the right person and I'm not sure if I can even get my money back. + +UPDATE: I ended up closing my account with them. Since I had it less than 7 days I won't owe any charges and there isn't a fee for cancelation. +Has anyone else noticed how working hours seem to be creeping up? How long has it been like this? + +&#x200B; + +I am looking at entry level jobs, so maybe this is not the case for anyone who has been in their job for a while or is higher up the chain, but what is the reason for this extra time? I know it isn't for an extra break. Also, entry level pay is so bad, 20k but I will have to give up thousands of pounds and hours of my time to commute (and it would be thousands again if I had to rent somewhere). + +Everytime I read job adverts the hours are always longer than the typical 9-5, it always seems to be something like 8-5, 9-5:15, 9-5:30, anything that is longer 8 hours. + +I'm sure I'm not alone in being frustrated by this situation. Either pay me more or cut my hours and pay me what you are now. + +Why has this happened? With technological advances and the fact that most office time is spent not really working efficiently, why are working days getting longer? +Edit: just wanted to add, because I seem to be getting a fair bit of hate, that I think the market is crazy and I do think that house prices should be lower, it's just not what the reality of it is. I would love for house prices to be 10-20% lower. As I'm trying to up size that would benefit me. Every house in the area is just as "overpriced" as mine. + + +Hi UKPF. + +So I'm currently selling my house. At the start of the process, I had 7 agents come out to value it. 3 valued it at offers over 220, 3 at over 210, and 1 at 200. All expected it to go 5-10K over asking. + +As I was in no rush I decided to list it for 220 and it took less than a week for an offer to be accepted for 230. Seemed like great news. + +The mortgage company of the buyers sent out a surveyor, and they've valued at 205. The buyers don't have a big enough deposit to cover the difference. This is a down valuation of more than 10%, but even worse reduces my equity (and deposit for the next house) by 25%! + +I'm really struggling how they got this valuation, the property is in excellent condition with it all being renovated, new windows etc. There's nothing like it on the market in the area for less than 210 with most similar properties being on at 220. + +For reference, based on the price I bought it and the rate of house price change in my area it should be worth about 195 but that doesn't consider the substantial change in the condition of the property. + +The estate agent now says this valuation will be on record and so will happen with any buyer. Is there anything that can be done about this? + +TLDR: very quickly sold property for Ā£230. Mortgage surveyor thinks it's worth Ā£205. While Ā£230 is a generous offer, I think Ā£205 is quite a low valuation. Is there anything that can be done? +Short and interesting piece in the WSJ about the role of auto-balancing investments straregies in the total dollars invested in the market. + +Excerpt: +"Over the past month, small investors have pulled $17 billion out of U.S. stock mutual funds and exchange-traded funds and added $29 billion to bond funds. Thatā€™s the latest leg of a long-term trend: Since the internet-stock bubble burst in 2000, investors have withdrawn half a trillion dollars from U.S. stock mutual funds." + +https://blogs.wsj.com/moneybeat/2017/08/04/this-market-really-is-different-this-time/ + +The rest of the pieces in this series are incredibly pessimistic. +I'm putting away a good chunk to max 401K, an investment fund and a rainy day fund. I'm just wondering if this is a no-brainer financially or I should consider the detriment of her getting less loans because she is supported. Any input appreciated. +In 2007 as stocks formed their final peak before crashing during the 2008 global financial crisis everything fell alongside stocks. Even gold tanked and for six long months kept declining alongside stocks. + +But then a decoupling happened, after the inital panic where everything got caught up in a global sell off gold reversed and proceeded to rally very strongly for the next 4 years while stocks kept falling. After the initial 6 months of confused panic people woke up and started searching for a safe haven. + +Today we are already in a recession but people just dont realise it yet. Stocks have been falling since November last year, some individual stocks down 60%+, the nasdaq down 30% and the S&P500 just today confirming a bear market by falling more than 20%. And just like 2008 gold has been selling off alongside stocks. This time however so too has bitcoin, which just like stocks has been falling since November last year. + +History is repeating. + +Over the coming months all economic indicators are going to confirm that the world is in a global recession that started in November last year, and everyone will wake up. They will realise whats going on and start looking for a safe haven. Thats when gold and bitcoin will reverse and enter a strong bull market rally over the next few years while stocks keep falling and indexes languish down 70%+ from their November 2021 highs. + +Gold may double or triple in price seeing its market cap rise from $10T to $20T or even $30T. But bitcoin is starting from a much lower $500B market cap and as banks start failing and inflation runs hotter than expected btc will race to equal golds market cap if not exceed it. + +At a bitcoin market cap of $30T one bitcoin will be worth $1.5 million dollars. + +I expect to see gold and bitcoin both decouple from the declining stock market over the next couple of months as a recession is officially confirmed, both beginning a multi-year bull market rally that may last until 2025 taking gold to $5000 per ounce and bitcoin above $1 million. +I first watched it in 2010 when I was still in high school. I watched it again last week and seeing as it is probably the most "mainstream" movie about the financial crisis of 08, it seemed to have a pretty one dimensional view of what caused it i.e. lack of regulation, high leverage ratios, etc + +It never even mentioned monetary policy, GSEs distortion of housing market fundamentals,etc. + +It just pretty much gave the impression that the key to preventing it all was just the government passing a bunch of regulations on financial institutions +The title pretty much says it all. My husband (30 years old) passed away unexpectedly this morning while in a different state. He had a life insurance policy of over a million, and Iā€™m a stay at home mom with four young kids (7, 5, 4, and 3 months). We owe a mortgage on our house and land of about 40k. Our van paid off but is not in the best shape, and we have no outstanding debt. We have been fixing up our house; siding is the only thing that absolutely must be put on in the future; everything else is okay for now. We had a joint retirement account and college accounts for our three oldest kids. +I am lost. Iā€™m 28 years old and didnā€™t expect to be a widow before I even hit thirty. What should I do in regards to the life insurance account? I could finish my teaching degree (only a few credit hours left), but teaching doesnā€™t pay much and takes so much time away from my kids. I would like to try to use the money to make a sort of fixed income and stay home, at least until my baby is a little older. Is this possible? +He was a custom harvester with his brother, so I have no idea what his shares in the company are, or what business ramifications will be involved in the future. +I canā€™t think of what else to add, as I am numb and my brain is foggy. +Please help me. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Iā€™m not exactly sure whether this vent belongs best in r/investing r/wallstreetbets r/options, etc + +Experienced highly active options traders will advise to use other platforms. But what about the rest of us lurkers that donā€™t fit in this category, appreciate long term investing with the core of our portfolio while allocate a portion for hedging, speculation, and learning options and arenā€™t ready to completely take all our assets out of Vanguard? I appreciate Vanguards low fees and leading ETF and index funds but their UI is horrendous and for options it is the worst in class. Iā€™m currently learning and studying options but all my active options trades are limited to my TD account as I canā€™t stand dealing with Vanguard for this purpose. + +You canā€™t even place an options trade off a mobile phone. They say they are working on an upgrade (try downloading their Voyager mobile app) and thatā€™s horrible too. +Hi guys, im new to theta and my first question would be. If the wheel and theta in general cant outperform the BnH strategy then what is the point of theta? Im not trying to be belligerent I legit want to learn about options. Why do this if you can just buy and sleep on it? +I'm currently on a short sabbatical and considering my options (pros/cons) on FIRE vs. FatFIRE as a goal. I'm at a high level in the tech industry and single (plan to stay single after some abusive relationships earlier in life). FIRE in the areas I'm planning to live is probably reachable in 2-3 years with my investments, real estate, and salary. FatFIRE is probably reachable in 5-7 years, though I'm second-guessing the benefits of it right now. + +I guess I'm wondering how y'all made the decision to shoot for FatFIRE. Obviously, more money is more cushion against downturns or medical issues. I'm in an expensive US city and plan to move abroad for a better quality of life and climate upon FIRE/FatFIRE. I guess I'm wondering about the benefits of shooting for $100,000+ at the 4% rule if the cost of living where I'll be is significantly lower than this (in the $30,000-$50,000 range for upper middle class/upper class). If anyone has relocated to a cheaper area and still chosen FatFIRE, please advise on the benefits of that lifestyle vs. FIRE and how you made the decision to keep working longer to hit that goal. + +I grew up outside the US and most of my life is still outside the US where I'd be relocating. That's mainly the appeal of FIRE for me. The culture of the West isn't a great fit, and I miss home too much to stay forever. +I've been asked to post this here after posting originally in a wsb offshoot, excuse any insults I miss in my very very quick edit: + +Today I'm going to attempt to keep you fine folks engaged long enough that we might learn something. + +What's a gamma squeeze and why do I care? + +# First, let's get some key definitions out of the way. + +**Delta** \- the greek that measures the expected rise or fall in the value of the contract based on a $1 move in the underlying asset. E.g. AAPL is trading at 120.02 and the 5/21 130c is currently trading at 3.37 with a delta of 0.32. If AAPL shares go to 121.02, we can expect the contract to be worth 3.69, holding all other factors stable. + +**Gamma** \- the greek that measures the rate of the change of delta. It tells us how fast delta is changing. + +**Market maker** \- anyone playing both sides of a security, providing liquidity to the market. Most commonly these are brokerage houses whose goal is to stay neutral. You want to buy that 5/21 AAPL 130c? They'll sell it to you. You want to sell that same contract? They'll also buy it from you. Part of this "playing both sides" means actively staying neutral which brings us to our next vocabulary word... + +**Delta Hedging** \- a neutral options trading strategy based on the greek "delta". MMs will buy or sell shares over the underlying asset as the delta goes up or down in order to stay neutral on the trade. + +# Now, tf is a gamma squeeze? + +As options contracts expire, they rapidly approach a delta of 1.00 or 0.00 depending on whether or not they're "in the money". Given the rapid move in delta, gamma moves with it since it's the metric that measures its change. Referring back to delta hedging, this means MMs are buying shares to cover the increase delta in ITM options *and at the same time* selling shares for contracts whose delta is rapidly decreasing. + +So how the fuck does this squeeze? + +Recent examples would include the first week GME spiked or more recently when TLRY spiked and **every call contract expired in the money**. This means as delta rapidly approached 1.00 for every contract, gamma on every contract was rising with it (being "squeezed"). **This effect was exacerbated and "squeezed harder" by the fact that there were no OTM contracts for which delta was decreasing, meaning MMs were only buying shares to cover their short contracts**. This creates a vicious cycle wherein covering delta pushes the share price up which pushes delta up which pushes gamma up. + +A rapid increase in price as contracts expire can also lead to this sort of gamma squeeze but to feel the full effects of it the whole option chain should expire ITM. + +If you made it this far I hope you learned something. Feel free to rip me apart in the comments, constructive or otherwise. +Hi Guys, + +My student loan balance went up by about $300 even though I have been making payment every month. Please take a look at the link. I have attached the screenshot. I am not sure how is that possible. +Any suggestion/idea will be highly appreciated. + +[Link to screenshot](http://imgur.com/a/ncAYr) + +Thank you, + +Shone + +EDIT: Hello everyone, + +Thank you for all the suggestion and comment. I called the company. The person who was helping me went to talk with some people and they said it is because of the date statements are printed and they will send me the history of my payment and how it was allocated by end of the day today. I will take a look at the data and report back to you. + +As many people are suggesting here, I am planning on paying more. As you can see in my statement, I have paid alot more than I have due to which, I have to pay only $496 at the moment. I plan on paying $496 and excess to the highest interest rate group. + +Thank you once again for your suggestion and help. +No more front running market sells + +Brokers will be forced to increase limit sells to meet the requirement once GME moons. + +We already knew 214k wasn't the limit, maybe some would have sold of that, but you can bet just the tiniest fraction will sell for 3500 and none will use Market Sell. + +You overplayed your hand. +This is a copy-paste post from Zachary Dash, Founder of BOMB token and XIO token studio, regrading the flash airdrop. + TLDR, HOLD XIO tokens (currently at 4M cap) from december 11 to 31st, and recieve flash tokens at 1:1 ratio onJan 1st. + +" In early 2019, we created the world's first self-destructing currency and gave away our tokens for free. At the peak, the total value of these dropped tokens were worth roughly $11,000,000. + +In late 2019, we created a token for our community called $XIO with the main goal to launch ideas into the decentralized world. We also gave these tokens away for free. Right now, the total value of these dropped tokens is worth roughly $3,000,000. Since launching, we have distributed over $2,000,000 worth of rewards through our various liquidity and social programs. + +On New Years day, we are launching our newest project, $FLASH, crypto's first flashstaking token. + +To participate in the Flashdrop and get yourself some tokens, there are only one thing you need to be eligible: + +1) Hold any amount of $XIO on any of the days from December 11th to December 30th in an ERC20 coMpatable wallet that You control the keys. + +For each day that you hold $XIO, you will receive 5 $FLASH per 100 $XIO. If you do this for all 20 days (December 11th to December 30th), you will end up with a 1:1 XIO:FLASH token ratio. + +This means if you hold 10,000 $XIO, you will get 500 $FLASH per day (and end up with 10,000 $FLASH total) + +$FLASH will be set at the same price of $XIO on launch day and listed on Uniswap. + +__________________ + + +Instead of staking and earning small amounts of interest over long periods of time, $FLASH allows you to earn instant upfront yield on your crypto. + +Flashstaking is the concept of locking money today and earning money from the future. All done in a decentralized, instantaneous, and permissionless manner. This is why we call it the "time travel of money". + +For example, if you stake $100 of SNX, you may earn $0.05 a day over the course of a year, totally $18.25 However, with $FLASH, you can stake $100 and earn $18.25 immediately, upfront (assuming interest rates are the same). + +If you want to read more about this process, I will leave links to a short video in the comments below. + + +_______________________ + + +$FLASH was inspired and developed through the XIO token studio. From logo to launch, we build experimental tokens and give them away for free to our community of Citizens ($XIO holders). + + +While FLASH is the first flagship token developed out of the XIO token studio, it is only the first of many tokens in the pipeline (you can view some of the other tokens we are working on in the comments below). +_______________ + + +One thing to keep in mind is that XIO is *not* a "launchpad". Rather that giving external startups the platform to launch their own tokens, we craft/build tokens from *within* our community. + +From branding and logo, to tokenomics and strategic decisions - our tokens are created from within. + +To this day, we have never asked and will never ask you for money. We don't raise capital. We don't ask for ETH. We don't do private sales. We don't work with VCs. We don't work with influencers to artificially promote our tokens. + +100% of tokens we develop go directly to $XIO holders, no questions asked, no middle-men. + +I will leave more information on the XIO Token Studio model in the comments below. If you don't want to buy $XIO and would rather earn tokens through energy/effort, I will also leave a link in the comments. + +________________ + +As a reminder, if you would like to receive $FLASH on new years day, you need to hold any amount of $XIO from December 11-30th and enter the last 5 characters of your ETH address below. + +If you have any questions, please let us know! + +Some videos for your reference: + +Xio token design and concept +https://youtu.be/SdBoYYkRNbE + +Understanding the flash protocol https://youtu.be/0pqddbLy3SI + +Future airdrops and mainnet proposal https://youtu.be/hPZSrXyUFhw + +Buy XIO tokens from uniswap + https://app.uniswap.org/#/swap?utm_medium=coingecko&utm_term=coingecko&utm_content=coingecko&utm_source=coingecko&utm_campaign=coingecko&outputCurrency=0x0f7f961648ae6db43c75663ac7e5414eb79b5704 + + +For updates follow @xio_network and @Flashstake on Twitter. + +XID-11043 +So seen that the S&P500 is now down over the past month, and has been going down for straight for the past week. Considering what is going on in China, as well as supply chain issues, is this drop normal and nothing to worry about? + +Considering the level of expertise many on this subreddit will have, I will apologise in advance for the very simple question I asking here. Iā€™ve been in the stock market for about 10 months, and Iā€™ve not seen this before (maybe Iā€™ve just been very observant this past month or two). +We see a lot of posts about how retiring early in itself isn't a fulfilling life for many people, but rather the freedom to pursue things which do satisfy you. I'm 33, beyond coastfire, 55% to RE, with a timeline of 5 years at current earnings/returns but planning for 10 years knowing that my earnings are volatile and the bull market won't last indefinitely... so while I'm not there yet FIRE is starting to feel a bit more real. + +I'm curious to hear any thoughts from those who are ahead of me on what they wish they would have done 5-10 years prior to hitting their number. I'm happy continuing to work beyond hitting my RE number, but likely won't stay in my current role/field as it was chosen more for potential earnings than enjoyment/flexibility/satisfaction/good works. + +I've got a young family, aging parents, a spattering of friends across the country as we have relocated multiple times, and a handful of hobbies that I enjoy but doubt I could devote 60 hours a week to. I'm happy with and thankful for the life I live, just looking to learn from the hindsight of those who came before me while I'm still in a position to act on their experience. +Background: I use a property management company. They're also a real estate firm. Few weeks ago they told me the tenant is interested in buying my place. + +I asked how it would work regarding fees and they said it'd be 3% for the commission fees instead of the 6% that seller normally pays. + +My question is, can I simply go straight to the tenant to bypass the commission fees? + +I checked the rental agreement contract I have with property managers, and don't see anything that prohibits this. It'd save tenant and me a lot of money. Looking to hear opinions. + +Thanks all. +Balance Sheet is $9,000,000,000,000 and Fractional Reserve Banking Has Ended + +Obviously there has been a lot of talk about the Federal Funds Rate decisions and Quantitative Tightening/Easing, but it's been troubling why more people aren't talking about the Fed balance sheet. + +Back in 2008 when Bernake/Paulsen agreed on terms and congress passed the Emergency Economic Stabilization Act it was agreed that the Fed would buy $700b in mortgage back securities from the banks which led to the Act being nicknamed the "bank bailout of 2008." + +Also at the time it was said (by everyone) that eventually those emergency policies would need to be rolled back. FOMC member Charles Evans said "once the economy recovers and financial conditions stabilize, the Fed will reduce the size of the balance sheet." + +Since then, not only was the balance sheet not reduced, the bailout has ballooned from $700 billion to $9 trillion (43% of GDP). And in 2016 Bernake himself wrote a paper completely changing the original opinion and saying that they would just grow the balance sheet infinitely: +https://www.brookings.edu/blog/ben-bernanke/2016/09/02/should-the-fed-keep-its-balance-sheet-large/ + +Obviously people can see the issue here, what was once considered a $700 billion bank bailout has quietly become a $9,000,000,000,000 bailout and the S&P 500 has been directly 1:1 correlated with the growth of this "balance sheet" amount: +https://www.currentmarketvaluation.com/posts/2021/07/Fed-Balance-Sheet-vs-SP500.php + +Also at the height of Covid in March 2020 the Fed decided to abandon factional reserve banking completely, setting the reserve requirements to 0: +https://www.federalreserve.gov/monetarypolicy/reservereq.htm + +So now that we are seeing persistent and extreme inflation isn't this absolutely a case of taxation without representation? The banks have given themselves $9,000,000,000,000 which required no congressional action and now people are paying for it in the form of higher prices on goods, services, housing, transportation, and energy etc. + +Why aren't more people talking about this, when TARP passed in 2008 it was headline news. + +Credit to u/am-well +The amount of work u/derhyperschlaue and I have been doing has been incredibly exhausting. Simply reading the hundreds of comments, the hundreds of PMs and drsgme.org feedback form submissions has been overwhelming. + +Iā€™m just taking a little break right now for a little social interaction with anybody that cares to comment. It will be a short break so if you donā€™t comment very soon, I wonā€™t be responding to you at all. Just know that I love you and appreciate all of your support. Please, no PMs unless youā€™re a no-karma ape and are offering to volunteer helping on the project. + +šŸ¦šŸ’•šŸ¦ +Iā€™ve been wanting to pursue day trading for a living and seem to find nothing but benefits/pros for doing so. However, after mentioning day trading for a living, someone mentioned how lonely you would be as you arenā€™t meeting anyone, no co-workers, etc. Do you guys feel that way? And is it worth the flexibility and money? +New to options here i've been studying and understanding options for some time and looking forward to start options trading soon.Whats something you with you knew before starting? +Is property investing even worth it? Will we see less property investors and more people investing in shares, savings etc in years to come? When doing the sums on property investing, apart from previous decades of capital gains making it mostly worthwhile, if we enter a decade or so of little to no growth and take out the huge costs of owning property (even after paying it off) like bad tenants, no tenants, rates, insurance, buy and sell fees, maintenance (which is huge think $30k new roof, $6k water heater, and $10k fencing every $20 years. $5k air con, $4k carpet and $10k paint every 5 years plus stacks more). Does it stack up compared to other options? It's also a bit taboo now and the government has been and is surely going to make it less desirable moving forward with the rental crisis etc. I know there are tax write offs but it's still not much compared to the potential costs. Could there be a mindset change where PI isn't the go to option and shares (plus savings) actually taking off as people need to store their wealth/invest somewhere? Or will there be something left of field come in to play? +Itā€™s too late for many, especially those who havenā€™t heard about it yet. What about those sitting on the sidelines? Are you paying attention to grab a portion of it while you can? Or waiting for next big crash? + +[Source](https://twitter.com/danheld/status/1388866835899195394?s=21) +I am happy to be able to get paid at a young age and I just bought my first Vanguard ETF on the S&P 500 index. I also have $100 dollars in my Roth IRA account. Citizens bank savings account is up to $154.50 and checking account is at $555.26. I know these are small numbers, but with time they will grow. + +I recently had a very inspiring conversation with a gentleman who was staying at the hotel. We talked about everything from my life plans, to where we were investing our money, to family financial situations. + +Once thing that he said to me really stood out to me. He said that if I really want to scale my career and start making a REAL salary (not $9/hr practically minimum wage) that I would need a college degree. + +I honestly agree with him, but I have 2 issues with college: + +Issue number one is that I have never been passionate about anything related to academics or education. + +Issue number two is that I donā€™t want to put myself into debt with student loans. + +Given the following information Iā€™ve written above, what would you recommend is my next step? The Hilton offers a 401k match after youā€™ve been with them for 1 year. What if I were to just bite the bullet and stay strong and stay with them for the next couple of years? + +Did I jump into the workforce too early in my life? I have a good ā€œhumanā€ skill set i.e communication, interaction. The skill set that I am lacking is some form of higher education/degree that would enable me to apply for, say, a computer software company, or a biochemistry lab. Something more intricate than guest service/personality based jobs. I often find that the more intellectual your job title is, the more money you make. As an example, someone that keeps track of company finances and works with lots of numbers is almost certainly going to make more money than someone who just checks people in and out of a hotel room. What do you think of this perspective? + +One thing I plan on doing is asking one of my superiors how much money he makes. Hes been in the hotel business for 6 years, and is a great colleague and has been really helpful throughout my introduction process to this job. + +Any insight/opinions are welcome. I am hoping to get responses from people who are making good money and doing well for themselves, and will definitely inquire with you guys on whether or not a college degree helped you get there. + +Thanks and I look forward to reading the replies that this (hopefully) gets. +Hey guys, + +&#x200B; + +I'm telling you this from experience, portuguese here, you don't pay capital gains when it comes to crypto in Portugal! I heard Biden wants to raise that tax, so feel free to come to Portugal, to enjoy your tendies without limitations. We have good wine, good food, plenty of awesome beaches. Were a safe small country with plenty of good stuff. And of course, we're the country of Cristiano Ronaldo! šŸ˜‚šŸ˜‚ +This morning my MIL received a box containing a 3k mens watch, set up on finance in her name. She did not buy it, and absolutely cannot afford it. She is terrified because she doesn't know what account the finance is set up on, and has no idea what to do next? We are based in the UK, +I am sitting in the Beijing airport waiting on a flight to Tokyo. It's been delayed, so I thought I would check in with my favorite FI community. + +I really admire those of you that can track every dime you earned or spent for the last 15 years. Some of you talk about 3.x percent as your SWR. Close examination of fine details is not my personality, nor how I live my life. I am more of a big picture person, and I am comfortable with unknowns. Before I FIRE'd, I tracked expenses and net worth and aimed for na 4% SWR. But my calculus was back of the napkin compared to you all that have years of spreadsheets. + +So what got me to close on retiring from my career (9 years of training, 18 years in practice)? Pulling the trigger and retiring is not easy. It is always going to be a leap of faith. I think folks here convince themselves that there is little or no risk by having the bullet proof safe withdrawal rate, but there is always risk. + +For me, I had zero ambivalence about quitting my career. It was 100% the right thing for me - I was going to die younger if I kept sitting in a chair and I am very passionate about living my best life. My SO and I were on the same page about the plan we had together. Finally, I got comfortable with my loosey-goosey back of the napkin FIRE math by building a side hustle and demonstrating to myself that part-time, I could earn as much as I would ever need in a worse case scenario. + +Now I am FIRE'd for the last 18 & 1/2 months. I just got a 1099 from PayPal indicating that last year I grossed ~$50k in my part time side hustle (about 40k net). I am taking a month away to explore Japan - one of the few bucket items I have had since my early 20's. + +I am really glad I retired and did not let the uncertainty of that decision force me into additional years of career work. I love putting in the time trying to live my best life, instead of selling my time to a job. I hope this doesn't come off braggy, I don't mean it to. Rather, I just want to let others that are like me know that you can FIRE imperfectly and still be OK. You may have to build in tolerances like a side hustle or geographic arbitrage or something else that makes the math work. Best regards. +The title pretty much explains it, so here's some context: + +* 2 weeks ago I got a notice from the state of California saying I didn't file in 2017 for my LLC and that I had to file within 30 days of the notice (I haven't received any notices from the IRS though). +* Sent my (ex) tax preparer the notice. She said that's because my returns for 2017 *and* 2018 were not "mailed in." I asked why she hadn't e-filed, and she said that her software didn't allow it. She flaked on a meeting I requested last week and hasn't responded to emails since then. +* I found the invoice for my 2017 preparation that includes e-filing, so that was definitely part of the services she should have provided. +* Before she ghosted, she sent me my returns for 2017 and 2018. My tax liability for 2017 was around 4k and a similar amount for 2018, but I didn't pay because I was in the red those years and assumed I didn't have any taxes, also because she didn't tell me I had any to pay (my mistake). So I assume I'm looking at 7 combined years of late fees. + +I'm pretty anxious and I don't know what to do. I have so many questions, but here are the ones that are most urgent for me: + +1. Should I just mail those two old tax returns with checks to the IRS and wait for a response? +2. Can/should I hold her accountable for not filing? if so, how?Any advice you have is much appreciated! + + +EDIT: update + +Thanks for all of the advice everyone! Since this is blowing up, I can't respond to everyone, so I want to just clear up some stuff: + +* This preparer is a CPA +* **I didn't pay initially because I didn't know anything about paying taxes at the time.** It was never explained to me and we don't educate kids about it in this country, so yes believe it or not, I didn't know that I owed money because I was waiting for the CPA to guide me through it because that's what my parents' CPA did when I was a kid. I didn't know then, now I know. +* **I will not take action against her right now.** It's entirely possible that this CPA is very busy and just bad at responding to emails when overwhelmed with work. There are many ways that this could be a misunderstanding - for example, she could have filed my taxes, but this one form slipped the radar. I just don't know because she isn't available to clarify. Regardless I'm working with a new CPA this year. +Does anyone have goals of living differently than you do now? Move somewhere cheaper? I would want to get a cheap house in or close to nature, ideally with a garden with possibility of growing some of my own food. I would be able to partly live self-sufficiently. +What are some dumb strategies or strategies that seem counter intuitive that actually generates a return. + + +My dumb strategy is when I see a stock tank hard I put money into it as soon as I can. About 80% of the time it regains about 5% - 10% of its value within the next week or two then I sell when I am content with the profits and I move on to the next set of stocks. In the past 6 months I have turned just under 5k into just over 18k. +I am so happy to have found such a great resource. My partner and I are really struggling financially and this has been so helpful in knowing where to start. Every month we spend probably less than a week total not being in our overdraft, and at the end of the month we are always at the very end of them. + +We also get paid at different times - my partner on the 1st, me on the 15th - and all our bills come out before my payday which usually screws us for a few days. The last 2 months, we have borrowed money from my cousin to cover the few days between our loan repayment and my pay. We finally got around to changing the payment date to after the 15th so this won't be as much of a problem going forward. + +I feel like we actually are earning enough money to be making progress on getting ourselves back on track; however our spending is totally out of control and an absolute mess. Food especially is a nightmare for us - I work in a (expensive!) petrol station and buy food there a lot, partner drives for a living and often buys lunch if he forgets to make it. We both have ADHD (I'm the only one diagnosed) so planning, impulse buying, just functioning in general are a nightmare for us. Last month we had 86 transactions for buying food which totalled Ā£650. Only about Ā£100 of that was groceries, the rest was impulse spending and one night out. + +Right now we each have 1 individual account, plus we have 1 joint account. My partner has a Ā£1,000 overdraft on his account, and we have the same on the joint. I don't have an overdraft. We do have savings accounts but they are both empty. We don't have any credit cards but we do have a loan, a car on finance, and a mortgage. Our mortgage payment is about to go up (assuming it gets approved - I'm having big anxiety that it won't) and I am fed up of being constantly broke so it was time to deal with this. + +My idea is actually to create another joint account, one that we don't easily have access to via an app, or cards for, so we don't ever actually "see" the money unless we log on to it. All the money for our fixed outgoings/direct debits etc, plus any "extra" not for spending, gets put in that account where we can't see it, and by extension, can't spend it. Then at the end of the month the extra can go towards paying off whatever is next on the list. + +Money for essentials like food, fuel, etc goes into the joint account where we both see it. "Free" money for us buying whatever we want goes to our personal accounts. + +This is my first time trying to do a budget, please could someone advise if there's anything important I have missed, and/or need to alter. Haven't included anything for clothes as we don't really buy many, or gifts as we can't really afford at the moment. I cut our hair (badly). Will get a couple Christmas gifts for the kids in the family but nothing else this year. + +# Budget + +**Income** + +*Both of our incomes are due to go up slowly over the next few months but don't want to rely on that so basing it off current total.* + +Ā£3,000 + +**Fixed Outgoings (everything rounded up to nearest Ā£5)** + +*These are all auto-payments which I'd like to set up to come out of the "invisible" joint account* + +* Mortgage Ā£450 +* Council Tax Ā£150 +* Car Finance Ā£180 +* Car Loan Ā£160 +* Car Insurance Ā£130 +* Car Tax Ā£45 +* Home Insurance Ā£40 +* Life Insurance Ā£80 +* Unions Ā£25 +* Mobile Phones Ā£105 +* Electricity Ā£105 +* Broadband Ā£30 +* Horse Field Rent Ā£60 + +***Total - Ā£1,560 (thought I would round up to Ā£1,600 to be safe in case I missed anything/we have an unexpected bill)*** + +**Other Essentials** + +*This money would go in our main joint account to be accessed as needed but where we can both see* + +* Fuel Ā£500 +* Food Ā£250 +* Animals Ā£100 + +***Total Ā£850*** + +**Health** + +*This money would go in our main joint account to be accessed as needed but where we can both see* + +* Chiropractor Ā£70 +* Therapy Ā£90 + +***Total Ā£160*** + +**TV and Entertainment** + +*Not sure whether to put this in the invisible joint or the visible one right now.* + +* Playstation subscription Ā£5 (it's annual so I divided by 12 and rounded up) +* Spotify Ā£15 +* Netflix Ā£10.00 +* Misc. for games/cinema etc Ā£20.00 + +***Total Ā£50*** + +**Other/Personal Spending** + +*Personal accounts* + +* Ā£70 each + +***Total Ā£140*** + +# Total outgoings: Ā£2,700 + +This leaves us with **Ā£300** each month to go towards actually repairing our finances. + +Here is where I get a bit confused on our next step. Should we prioritise paying off our overdraft before thinking about overpaying loans? My gut says yes, but I am not financially smart. Also, I know as soon as that money goes to our overdraft, we will see it and spend it. So my thought is, are we better to hide it from ourselves in the "invisible" account until we can completely repay an overdraft and then close it/reduce it to like, Ā£250 max? Right now we have Ā£2,000 of overdraft available to us which is 2/3rd of what we make and it scares me. + +Right now we are also pooling almost all of our money which, longer term, I'd like to obviously be able to both have more money for ourselves, but I feel like we need to improve our financial health first. + +I also feel like allocating money for therapy and a chiropractor is a luxury but I know without those things we will both be miserable and impulse buy harder. And Ā£70 each for spending feels like being tight but my hope is that this is short term pain long term gain. My partner is slightly better than me when it comes to not spending money; however I am the only one who can/will make a budget, sort out the banking etc, and *try* to hold us to it. I feel weird dictating how he spends his money but he says he is happy with what I have come up with. + +This has taken me all weekend to do between shifts and I have hardly slept cause I can't think about anything else, hyperfocusing has it's silver linings I guess though cause at least I am getting done. Yesterday I felt overwhelmed and despairing, then I looked at the previous month's spending, got hopeful that it was doable, then made a budget including future things I needed to think about/factor in (like insurance and tax for our second car which we did annually last year but will need to renew soon and probably won't be able to avoid doing monthly this time), remembered how anxious I was about the mortgage renewal, got overwhelmed and stressed again, decided to post in this group for support, doing so calmed me down a bit and cleared my mind. + +***TL;DR - we suck at money, I made a budget, I have some questions.*** + +1. ***Do I need to change/add anything to the budget?*** +2. ***Should first priority be overpaying loans, or reducing overdraft?*** +3. ***Do those two things come before or after the 1-3 month emergency fund?*** +4. ***Is the emergency fund designed to cover the fixed outgoings and essentials only or the extras like entertainment etc as well?*** +So I have moved to a northern city to study a PhD. I'm 24, no kids and wanted to experience living on my own, so I rent a brand new 1 bed apartment at Ā£630pcm (bills around Ā£55pcm so call it Ā£700pcm total. + +My stipend is Ā£14777 for the year, tax free, and I pick up about Ā£150pcm from extra work. So after that I've got a nice bit of spending money to enjoy - I'm not getting too caught up on making significant savings during the PhD as I've accepted I won't be earning much during this time, and that's not why I've chosen to do this. + +The apartment I live in is brand new, and very good quality, I'm happy with it! Though when I told my peers that I spent approx. 50% of my take home on rent (when I could probably halve that by living in a house share) they thought I was mad. + +UKPersonalFinance, do you think I'm mad? +My two friends and I bought a 512msq plot for 360K in Merrifield, Melbourne last year with the intention of selling it later for profits. We own the plot equally. + +This is the Math: + +* Each paid 12K for the initial deposit +* $5.5k each for Stamp duty and conveyancing (Have not paid this yet. This has to be paid in Feb during registration) +* Get an interest only loan for the remaining amount (108K each) and pay close to $500 a month till the land is sold. + +My existing financial condition: + +* 0 debts +* 110K in savings account +* 100K in overseas properties +* 50K in Super +* A $125K permanent job + +I entered into this contract without much thinking and because I had so much cash surplus. I was told I have to forfeit the initial deposit if I have to get out the contract and I guess that's not a good idea. Now I just want to sell this land real quick even if it means 0 profit. + +Here are my questions: + +* Should I forfeit my initial deposit? +* Considering the current market situation, can I hope the land will be sold in atleast a year (the plots are next to a creek and bang next to the shopping mall) ? +* All I expect out of the deal is to have 0 loss. How easy it is? The last release of Merrifield is selling (although a bit slow) at 30K more than the price we brought +* Because I have some cash surplus, should I go for interest free or principal+interest loan? + +Many thanks +šŸŒš updates on the bottom of the post šŸŒš + +SAFEMOON + +Simple yet POWERFUL Tokenomics! + +RFI + LIQ + +- 5% of all trades are redistributed to holders +- 5% of all trades are auto-locked inside liquidity provider on PancakeSwap + +- SET SLIPPAGE TO 11% ( explained above ) + +READ EDITS FOR RECENTS UPDATES I TRY TO WRITE UNDER THE POST! Thank you! + +_____________________________ + +Why is it better than other RFI? + +- this is getting asked a lot. The reason is itā€™s launched under DXSale and liquidity is timelocked for 4 years ( see below ) 5% redistribution is a lot higher than other projects promising 1%. (400% gain here!) + + +Tentative To-do list (ongoing): + +āšŖļø = to-do +šŸŸ” = in progress +šŸŸ¢ = completed + +_____________________________ + +- šŸŸ¢Contract launched +- šŸŸ¢Initial Website Design +- šŸŸ¢ Presale on DxSale +- šŸŸ¢Presale concluded +- šŸŸ¢Liquidity locked for 4 years +- šŸŸ¢Website updated +- šŸŸ¢Marketing +- šŸŸ¢CoinMarket Cap listing +- šŸŸ¢Coingecko listing +- šŸŸ”Whitebit CEX listing +- āšŖļøNFT derivative conceptualization +- āšŖļøNFT contest and giveaway +- āšŖļøListing on other Exchanges + + +_____________________________ + + +Buy $SAFEMOON on pancakeswap here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 + +Token Contract - 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 + + +_____________________________ + +Links + + +- Telegram: https://t.me/safemoonv2 + +- Website: https://safemoon.xyz + +- Twitter: https://twitter.com/safemoon + +- Reddit: R/Safemoon + +- Medium: https://safemoon.medium.com/ + +- Whitepaper: https://safemoon.xyz/wp-content/uploads/2021/03/SAFEMOON-WHITE-PAPER.pdf + +- CoinMarketCap: https://coinmarketcap.com/currencies/safemoon/ + +- Charts: https://goswappcharts.web.app/?isbsc=true&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;tokenId=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3 + +- Verified Contract on BSC: https://bscscan.com/address/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3#code + +- Burned Dev Tokens: https://bscscan.com/tx/0xc44aa170d66ed1a2ffc06b63f5ce1aabf1fd2ced669a47cfe88cf6b6c063d774 + +- Liquidity locked for 4 years: https://dxsale.app/app/pages/dxlockview?id=8&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;add=0&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;type=lpdefi&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;chain=BSC + + + +ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€”ā€” + +This is super early with ~150 holders right now. Could be a real gem like FEG Token was. Tokenomics are powerful and DEV tokens are burnt so everyone is in the same boat. Did i even mention DXSale?! + +Launched in DXSale. (Dyor before coming over with fud) + +Great active telegram group that can you help you out with any questions... well thereā€™s always those ā€paaamp itā€ ā€when lamboā€ ā€when moonā€ people but theyā€™re just missing the bigger picture. + +No whales! So itā€™s rather equally distributed so far. + +BSC GEM so you can forget about ridiculous gas fees that eth-network bolsters + +[$SAFEMOON 100% Community owned](https://i.ibb.co/sQdL068/58-FFAE70-A4-F5-40-BD-B3-F6-25-A7-D541-C179.jpg) + +Edit 10.3.2021 = 1492 Holders! + +Edit 12.3 = 2500 holders, whitebit talks CONFIRMED and market cap grown to whopping 5 700 000 with still a LOT of room to grow! + +Edit 12.3 = Community raised enough money ( 15 000$ ) for the upcoming WHITEBIT listing in less than 14 hours! + +Edit 13.3 = Weā€™ve reached 10 000 holders with another burn gone down! Also constantly on CMC top-gainers! Still with CEX-Listing to come! + +Edit 14.3 = 20 000 holders reached with another burn going down! Weā€™ve also made it to Coingecko in the past 24hours. Congrats all! + +Edit 15.3 = itā€™s been one hell of a 48hours. The website is currently down because of the traffic exploded. There have been also thoughts on DDOs attacks towards the server which are being taken care of atm. Unfortunately this reflects the price right now because not everyone has caught the news about it. HODL! + +https://www.reddit.com/r/SafeMoon/comments/m4s2l8/read_this_is_for_those_who_find_themselves/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf - great topic about the current situation! + +Edit 16.3 = Soft-AMA was being held all of a sudden in discord server and we got to hear one of the DEV. Amazing to get an actual voice behind the project. The AMA went well and it reflects on the price. :ā€”) + +Edit 20.3 = been a rough few days but weā€™re still here and definitely not going anywhere. 55 000 holders and the discord seems to get more and more together every day. Some great hints have been dropped regarding the project. šŸŒššŸŒš + +Edit 21.3 = beartrap has been left behind and the spaceship is fueling the tanks once again. Thereā€™s over 65 000 holders currently and itā€™s growing all the time. Thereā€™s a few great AMAs behind, Safemoon is a registered company in UTAH and negotiations are being held with a few exchanges. Things are looking REALLY bright! + +Edit 25.3 = Over 120 000 Holders. What more do I need to say? +Basically you try and fuck the system it directly benefits the poorest people in the U.S. it gives the federal government the incentive to weed out corruption as it could realistically improve the overall economy with the trickle up effect (Subject to strict oversight on qualification to receive continued payout) + +Edit: so some people have brought up some good points like having extra fees on top of confiscation of ill gotten gains as well as the fact it doesn't undo the harm to the investors who lost due to bad practices. Also the fact that investors outside the U.S. would be left out but as an American I have opted to ignore the fact that other countries exist unless you have oil. /s Anyhoo as stated in one of my comments I'm an idiot and not a legislator (insert "but what's the difference" joke). Something needs to be done and obviously it's a complicated idea to implement and I enjoy seeing some of the other ideas and edits people are making that cover some of my oversights. +Hello, fellow Apes, + +I would like to share some supporting evidence regarding the futures swap theory proposed by Criand. Now, some of this is far from my wheelhouse. The purpose of this is to get more eyes on what I believe is supporting evidence and with the collective brainpower of 500K+ minds to figure out what is going on. I also reserve the right to be wrong + +I have broken down this DD into 2 parts. The first is supporting data regarding the CME group, and the second is this subs equivalence of talking about Voldemort. I believe both contribute valuable information. + +**Part 1 CME GROUP and Future Swap Theory** + +**Prerequisite DD**: [Are Futures or Swaps the Secret Sauce to Price](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) by u/Criand + +**Prerequisite Information/What we know:** + +I was doing some digging after reading Criand's DD and shot some ideas off of u/gmejesus. Currently, I believe that theory is the closest thing to predictive price action for what is deemed "Meme Stocks". As several T+X theories have failed to deliver significant price action, and volume has not been a great indicator either, I believe that there has to be a different mechanism for the spikes in March and in June. + +Now Criand was able to point that there seems to be a peak during the roll-over window for futures traded with **CME Group.** They are the world's largest financial derivatives exchange, and also deal in trades of asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies. For the purpose of this argument we are looking at trades in the securities futures market (let's call the roll-over window these Futures Waves). Just prior to the expiry of the contract, prices of these stocks seemed to have significant upwards action. Below is a graph representing the price movement of several key "Memestocks", as well as a table of the "roll-over period" which has shown windows of when to expect price action. + +A shout out to u/TheLunarnautics for finding the connection between Citadel and CME group. Their DD can be found here [Chicago Mercantile Exchange (CME Group) and Citadel](https://www.reddit.com/r/Autisticats/comments/ojrh8x/chicago_mercantile_exchange_cme_group_and_citadel/). Citadel is a significant investor in CME group, and it is possible that Citadel Securities is using Chicago Mercantile Exchange to delay closing its short positions. + +&#x200B; + +https://preview.redd.it/sfs0yckb1th71.png?width=2206&format=png&auto=webp&s=9aaeceb4c052dda25f0bc04c671acceb77f8fe21 + +https://preview.redd.it/4udnqifl1th71.png?width=981&format=png&auto=webp&s=b25f4f32c7d2a776c33c8e9d76109d01c2779a18 + +**What is new:** It would appear that someone is potentially using the Chicago Mercantile Exchange to trade futures contracts for Gamestop and other securities. Now if that was indeed happening there should be some evidence to support it. I decided to dig as CME is a publically traded company and as such is required to submit regulatory filings to the SEC. + +&#x200B; + +https://preview.redd.it/jecu37595th71.png?width=1632&format=png&auto=webp&s=985ac9d667d3178f56fed0049d85d6a5c1e08bf2 + +[The assets\/liabilities under CME's current quarterly report](https://preview.redd.it/82i2h5xc6th71.png?width=1628&format=png&auto=webp&s=7dc26fb0a5794f7d229fbbdf9d24595e7a09caa5) + +[Link to CME 10-Q](https://sec.report/Document/0001156375-21-000093/#ia08ca94a281642aabd536aae65bd632b_121) + +**ASSETS** + +In no prior 10-Q or 10-K have CME group ever held "Assets held for sale". Not only have they never held one, but they are currently sitting on $1.4 Billion Dollars worth of Assets that are set to be sold. I hypothesize that this could be future shares of "Memestocks" that need to be purchased by futures trade counterparty members. + +**LIABILITIES** + +Another key figure that is worth looking at is the "**Performance Bonds and Guaranty Fund Contributions**". Now I have looked at several prior regulatory filings, and it would appear that these Performance Bonds & Guaranty Fun Contributions have ballooned in the first half of 2021. + +&#x200B; + +|Year|H1 June 30th|Percentage gain over last half|H2 December 31 (prior year)|Percentage gain over last half| +|:-|:-|:-|:-|:-| +|2017|47,405|\-|44,185|\-6.8%| +|2018|36,885|\-16.5%|39,455|\+6.9%| +|2019|32,490|\-17.6%|37,076|\+14.1%| +|2020|79,441|\+214%|86,782|\+9.2%| +|2021|141,300|\+62.8%|\-|| + +&#x200B; + +Now what the heck are performance bonds and guaranty fund contributions? (I could be wrong, if someone could help me with this, that would be great). + +&#x200B; + +[ \\" Clearing firm guaranty fund contributions received in the form of cash or U.S. Treasury securities as well as the performance bond assets deposited by defaulting clearing members can be used to collateralize the facility\\" ](https://preview.redd.it/vnnx21zzath71.png?width=1633&format=png&auto=webp&s=b7e46cab612d421eba724bc595ca1b0a414fd01c) + +Now I could be wrong by it would appear that these funds are a premium that is paid to CME as of counterparty risk in case of a defaulting member/inability to fulfill one's contract. Logically if you are in a futures trade with CME, and you are in serious trouble, your fees should increase. + +&#x200B; + +[I believe these funds are raised by the premium paid CME counterparties against default risk. The significant increase reflects the increased counterparty risk](https://preview.redd.it/f2y0e67wgth71.png?width=481&format=png&auto=webp&s=42b2c2a215dadc61e302fc28de6b23bc081e9680) + +**Conclusion on Part 1: It would appear that there has been a sharp increase in the premium paid for CME Group to partake in counterparty risk for their trading facility. It also appears that they are now holding large assets set for sale on their financial statement that they did not have prior to 2021. This also lines up with the current timeline of the predictive use of Memestocks in the Futures market. It's possible that the counterparty risk is reflective of the true price of each stock, and the asset is the current market price.** + +**Part 2** + +**Confirmation Of Futures Wave Theory By The Share Offering Actions Of Mudrick Captial.** + +Now this will be a very polarizing topic, and I fully expect some pushback behind this theory. + +In full disclosure, I have stock positions in several different securities, and **I AM NOT** going to discuss what is FUD or TRUE or anything along those lines. I am simply pointing to evidence and asking questions. Nothing I say is financial advice, and I am happy to debunk or correct this theory if someone posts valid counter DD. This is not intended to divide anyone. + +On June 1st, a different stock named let's call Voldemort (for the purposes of what is allowed to be discussed on this sub/not because it's evil) had a share offering of 8.5 Million shares. The actions of the board and the distribution of those shares seemed strange to me. Let's discuss... + +**Share offering by Ryan Cohen and his board** + +Now when Ryan Cohen released shares to raise money for Gamestop he sold slowly, and directly to the market in order to minimize the downward price action to GME stock. I believe he did this with his shareholder directly in mind. + +**Share offering committed by Mudrick Capital** + +At this point, the board members of the Voldemort stock seem nice, and I completely agree with using shares to raise capital for their in-debt company. As a shareholder, I fully support that line of thinking and I believe financial stability is extremely important. That being said I am entitled to ask how those shares are sold. + +Now I question why did Mudrick Capital decide to purchase 8.5 million shares at a price of $27.14 per share if the stock was trading sideways for months prior. They could have easily purchased shares at a discount often between the price of $9-$13 anytime during May. If they believed in the companies fundamentals they would have believed they overpaid, and if they purchased the stock for a squeeze play they wouldn't have sold the next day. The real reason they purchased the stock lays outside of the intrinsic value of the share. + +&#x200B; + +[ https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001411579\/c35816d5-e990-4129-a979-25bc305396c2.pdf](https://preview.redd.it/swhxgkpknth71.png?width=1014&format=png&auto=webp&s=e272fe58f5f66108c9b98b1396a6fdc5a2c24bbf) + +Now hear me out... + +If Mudrick wanted to earn the best return on their investment they would have sold slowly as well, or through mechanisms to not tank the stock price, heck if they believed in a potential squeeze they wouldn't have sold. The very next day after Mudrick Capital sold those shares the price action skyrocketed up to $72 dollars. Instead, they sold for $41 million dollars in profit a day earlier. + +**Now, why is this important! Mudrick Captial sold those shares, not for the purpose of generating profit but because the stock had intrinsic value outside its share price. They needed to tank the price and dilute the float at the EXACT start of the roll-over expiry window**. **They knew about the run-up and sold in the best interest of the hedgefund buddies with short positions. These actions killed some momentum of the wave of the next futures roll-over date and it was so important to them that it cost them over $300 MILLION DOLLARS of opportunity cost. THE GOAL WAS 100% PRICE MANIPULATION NOT PROFIT!** + +&#x200B; + +[ ](https://preview.redd.it/jgxtd1bxnth71.png?width=1008&format=png&auto=webp&s=fd489cafa0a4d22d12879dff11552a5b55a0c36a) + +In selling that extra 8.5 Million shares at that exact time Mudrick was able to give breathing room to those in a short position and limit even more June upward price action. Had this stock rocketed past the $72 mark it peaked at, it's possible it would have been past an acceptable margin range for some short hedge funds. + +The timing was incredible suspect, and how it was handled hurt its shareholders. I am not saying that the board did so on purpose, but rather the board was naive, and did not know the underlying mechanisms of why the price moved the way it did. + +I will also add I am not saying that the board of this company had anything to do with it. If someone offered me over twice the price for stock in my company than what it was trading at for a month I think they have to take that deal 9 times out of 10. They have a duty to their shareholders to do what's best for the company. It's very possible they did not know about the mechanics of the futures wave, and may or may not have accidentally driven down the share price in a very key moment. + +**Conclusion on Part 2:** **Had Voldemort stock sold their shares directly to retail the price would not have been suppressed during the rollover window. The price would have likely moved much higher than the $72 peak and may have triggered several margin calls.** + +Cheers! + +APE OUT + +Additional note: I have checked part 2 of my theory to a few people and the pushback is 8.5 Million shares shouldn't matter to the company and couldn't be responsible for what I am claiming. My push back at least in my experience I have yet to see any significant correlation between volume and upward price moment. There has only been significant movement down by market manipulation and selling of real and synthetic shares. Referencing several gages that represent buy pressure, there has almost never been any significant upward price movement from buying the stock. I 100% percent wish all shareholders of this stock nothing but the best, but until something is done about ~~dark pools~~ internalizers (EDIT 1), I don't believe any large buy pressure will be from retail. + +&#x200B; + +Also, lay of Dr. Timbath, she's really in the corner of honest capital markets, and it's her life's work. Lay off the attacks. +Normally I wouldn't post this, but a quick Twitter search has revealed this may be a system-wide glitch affecting a lot of people. Mr. Cooper took out an extra unscheduled mortgage payment out of my Chase Bank checking account this morning. Some people were hit up to 6 times. + +Is anyone else experiencing the same thing? + +**UPDATE: Fixed!** The charges were reversed about 3 minutes ago. + +Chase statement: [https://twitter.com/ChaseSupport/status/1386091072867250180?s=20](https://twitter.com/ChaseSupport/status/1386091072867250180?s=20) + +Mr. Cooper statement: [https://twitter.com/MrCooper/status/1385994915927281665](https://twitter.com/MrCooper/status/1385994915927281665) + +**Final update: MR. COOPER IS A HOME LOAN SERVICER. It's a ridiculous name, but I didn't make it.** + +I'm a liar. Here is a full statement from Mr. Cooper: [https://www.mrcooper.com/blog/2021/04/25/payment-information-center/](https://www.mrcooper.com/blog/2021/04/25/payment-information-center/) + +Payment Information Center + +APRIL 25, 2021 + +## Alert: Payment Processing Issue + +Mr. Cooper learned on April 24 that a payment processing issue at our electronic payments vendor resulted in a number of customers experiencing incorrect mortgage payment drafts from their bank account. All unauthorized charges are being corrected, and any impacted customers will not be responsible for any fees or other negative financial impact this may have caused.Ā  + +Mr. Cooper values the trust our customers place in us, and we sincerely apologize to those impacted. Since the incident, we have been working directly with the banks involved and the payments vendor to resolve this issue as quickly as possible. We expect this to be resolved no later than end of the day, Monday, April 26. + +**What happened?** + +A payment processing issue at our electronic payments vendor triggered multiple requests for funds from a number of Mr. Cooper customersā€™ accounts. + +**Was Mr. Cooper or my account hacked?** + +No. Our investigation confirmed this was a banking transaction error and neither your bank account, nor Mr. Cooperā€™s systems or accounts were compromised. + +**Does Mr. Cooper have my money?** + +No. Mr. Cooper has neither processed nor posted funds withdrawn from your bank to our account. All unauthorized charges are being corrected, and any impacted customers will not be responsible for any fees or other negative financial impact this may have caused. + +**When do I get my money back?** + +We are working with the banks involved and the payments vendor to resolve this issue as quickly as possible. We expect this to be resolved no later than end of the day, Monday, April 26. + +**What should I do now?** + +There is nothing that you need to do in order to reverse the transfers that were made in error. Ā We expect this to be resolved no later than end of day, Monday, April 26.Ā  Please continue to monitor your accounts, as the timing of online updates may vary for each bank.Ā  + +**How will this impact my account and status?** + +Impacted customers will not be responsible for any fees or other negative financial impacts this may have caused. + +**Is this still happening?** + +No. All duplicate transaction requests have been stopped. We are actively working with the banks involved and the payments vendor to correct the issue and prevent recurrence. We will continue to share updates with impacted customers. + +**Why do I see multiple debits/credits and payment reversals on my account?** + +On April 24, Mr. Cooper became aware of the processed payment issue at our electronic payments vendor and worked quickly to resolve it. The majority of impacted customers experienced no change in their account over the weekend. The processed payments and subsequent reversals will occur simultaneously before banks open on Monday morning, and at that time, customersā€™ accounts will reflect corrections for all unauthorized charges, and there is nothing you need to do. Please continue to monitor your accounts, as the timing of online updates may vary for each bank. + +**I made my normal payment but received an email about this issue. Will I see a reversal of that payment and need to pay again?**Ā Ā  + +For most customers, your recent monthly payment will not be reversed, and therefore you do not need to pay again.Ā  In a few cases, customers may seeĀ allĀ recent transactions reversed (out of an abundance of caution). If this happened to you, you may see this monthā€™s payment processed on Monday, 4/26. In both cases, there is nothing you need to do except monitor your account. + +**I didnā€™t receive an email or call but saw an alert on the website about this issue. What do I need to do? Has this issue been fixed so it wonā€™t happen again?** + +Not all customers were impacted by this issue. If your recent mortgage payment was processed and posted as expected, there is nothing you need to do. Since the incident, we worked directly with the banks involved and the payments vendor, and this issue has been resolved. We take the security of these transactions seriously and have made the corrections necessary to resolve this issue and prevent recurrence. +https://www.mirror.co.uk/money/mastercard-fined-501million-breaching-eu-13891070 + +The stock dropped around 2%. Do you think this is a buying opportunity or a long term problem? + +PS: I am holding a few Mastercard stocks. +A top post today got me thinking, and lately people have been talking about spending a little to break up the monotony. Well here's my list: + +1. Video games. Despite their status as a luxury good, I challenge you to find anything cheaper on a per-hour basis. One $60 game can give thousands of hours of entertainment. If you can't run the latest and greatest, check out GOG.com for classics that can run on newer systems. (I have no affiliation). + +2. Sunday movies. Sunday morning and early afternoon tickets are typically cheaper, and some theaters turn a blind eye when you walk in with outside coffee. You're less snarky and the theater is nearly empty. The perfect cheap date. + +3. Hand crafts. If you really want a cheap hobby, take up knitting or any number of crafts. Yes, any hobby can get insanely expensive, but they don't need to be. For knitting, get two needles, 1 ball of yarn and make a hat. They're cheap and make great gifts. Start now and you'll have time to make your entire Christmas list. And people love getting things you've made for them. Same goes for wood carving, leather work or candle making. Start cheap, make gifts. + +4. Expensive clothing. Here's the trick: avoid fads and logos and buy basics. Nice pants and shirts can last years if you line dry them, and they'll hold their shape too. If you divide the cost over several years, this is a more economical way to shop in the long run, makes you feel good, and look good too. The trick is to do this sparingly. One big shopping trip a year, or one item every few months is appropriate. Stick to your budget. + +5. Netflix, and other subscriptions. Ditch cable and get a few if these apps. It's cheaper than cable and going out. + +My wife and I both work full time jobs and are in grad school, and work a night job that supplies free housing. If we don't take care of ourselves every so often the stress would be too much. This is how we get by while meeting our goals. + +EDIT: someone is downvoting every comment in this thread. Maybe you need this advice more than you realize. +Title pretty much sums it up. Never thought Iā€™d get addicted to the stock market... Iā€™m constantly distracted and keep checking my phone for updates, donā€™t listen to lectures (never really did anyway fuck zoom university smh), and once the market closes, all I do is read the news about certain stocks and companies, then go on reddit, then discord, then twitter, then instagram. I swear I watched every single video about stocks on YouTube already. I literally canā€™t sleep right now cuz Iā€™m excited for 9:30 am tomorrow. Fuck bro this is unhealthy but Iā€™m making bank. anyone else feel the same way? + +$GME $BB $AMC šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +As the title says GME has a decent jump after hours. + +Any ideas? + + + + + +My first post was removed for being too short so here are some quotes from famous people as per goog + + +Quotes by Famous People + +1. The greatest glory in living lies not in never falling, but in rising every time we fall. *-Nelson Mandela* +2. The way to get started is to quit talking and begin doing. *-Walt Disney* +3. Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma ā€“ which is living with the results of other people's thinking. *-Steve Jobs* +4. If life were predictable it would cease to be life, and be without flavor. *-Eleanor Roosevelt* +5. If you look at what you have in life, you'll always have more. If you look at what you don't have in life, you'll never have enough. *-Oprah Winfrey* +6. If you set your goals ridiculously high and it's a failure, you will fail above everyone else's success. *-James Cameron* +7. Life is what happens when you're busy making other plans. *-John Lennon* +Itā€™s fine to be bearish because stocks are overbought. After all, 83.37% of S&P 500 stocks are above their 50 day moving average. Stocks are hot. However, donā€™t be scared off by record highs. Itā€™s common for contrarians to get negative when stocks are at a record. Being at a record is normal. You need to look at valuations to determine if stocks are expensive and the economic cycle to determine if the economy is weakening. + +Not only is the S&P 500 being at a record high not a good enough reason to be bearish, stocks actually do really well following records. As you can see from the chart below, the S&P 500 follows records with gains in the next 6 months 82% of the time. + +[Returns after record high ](https://i.imgur.com/1GI1Zh3.jpg) + +The gains are 10% or higher 21% of the time. Losses of 10% or more occur just 5% of the time. + +[Is The Stock Market In A Bubble?](https://upfina.com/is-the-stock-market-in-a-bubble/) +I would highly appreciate some advice and tips on my situation. + +Getting a job thankfully won't be an issue. There are many available in my area and I have a good resume. My goal is to get hired this week. Apartments here cost around $450 to $700 a month, so after receiving one or two paychecks I should be able to move in. This is a straightforward plan, though I wonder what I can do to cushion myself and expedite the process. I don't have credit history and cannot get approved for loans (not bad credit, just lack of history). I hope that I can get approved for a credit card once I get a job. I'm also looking into applying for assistance with food which will allow me to put more of my check toward an apartment or room. Are there other services that could help me? + +I'm brainstorming about how I can use my skills and resources to my advantage. Here's some more info about me: I'm very creative and talented in performing arts. I'm physically fit. I have a Bachelor's degree in English. I can navigate a computer well and have constant access to the internet and to a phone. It also may be important to note that I'm single and childless. I have no debt or monthly payments such as insurance or a phone bill. + +I'm very thankful to have stability this month. Though I'm confident in myself, I've felt paralyzed lately due to stress and could use some guidance. Any tips or resources will be greatly appreciated. Thank you! + +Edit: I'm blown away by how much time and attention has been given to my thread. Thank you to all who have commented! +Seems to me like property prices have a lot of room to fall much further. + + Inflation at 7.3% -- still increasing -- despite consecutive interest rate rises. RBA recently indicated that we still have a fair way to go before we get inflation under control at 2-3%. I wonder if we have artificially inflated housing prices through interest rate reductions in response to COVID. + +If we have, it means that we are in for a huge shock. My mortgage has already gone up by $700 or so. I am financially secure but I imagine a lot of people are starting to feel the pinch. + +How far do we have left in this property downspiral? +This will hopefully be an interesting post to look back on in 12 months. + +By December 31, 2022: + +House price growth in Sydney of 11% + +All ords at 8600 + +Official RBA interest rates unchanged. + +What are your predictions? + +Have a great new year! +Hi all, + +Recently came across a blog site looking at Sustainable Withdrawal Rates (SWR), and the proportion of equity:bonds in investments over time (https://earlyretirementnow.com/2020/11/09/what-is-wrong-with-target-date-funds/) + +The argument is that the conventional rule of thumb as I understand it (i.e reducing equity:bond ratio with age) is not as an effective strategy compared to a "bond tent" (i.e. shift more into bonds before retirement as normal, but then quickly shift out of bonds again, to 80 or 100% equity, in retirement). + +Has anyone come across this, or uses this themselves? I would love to know the community's opinion. + +Many thanks. + + +EDIT: I am referring to the strategy of equity:bond ratios over time, not a comparison between actual TDFs (e.g., Vanguard Target Retirement 2050 Fund) and a DIY portfolio. +Before I dive into my first property, I have something hold me back. Itā€™s a paranoia the that Iā€™m over looking or forgetting something significant. + +I found a property by doing homework on the area and think itā€™s a good price and I would generate positive cash flow using my most conservative estimates for everything. + +Just wondering if anyone had deals go south because of something they missed and/or things you have learned to look out for now. +Looking at buying property in a city that's close to a large town center/community being developed. Current city population is about 250K and about 40 miles to a major metro area in the US. The development will bring about a million square feet of office & retail space, and some 50K new homes/apartments. The "town center" will have shopping/dining areas. + +Is buying an existing/older house close to such a new community (e.g. within a couple miles) a good deal? Will it inevitably result in higher housing prices due to a higher population? What factors should one determine before doing this? +Hi everyone, hope you are doing well. + +What you are about to read is probably going to sound funny, but you should know that I am young. Of course not a good excuse. You may make jokes at my expense, but I hope if you have actionable advice, please share it with me. Because I have no idea what I'm doing. Also 100% of the money I have put into this "deal" is money I have earned through saving and investing. My parents don't even know about it. + +I'm only going to spare the important details. I bought a house from a very large, reputable wholesale company for 70k using hard money with a 6 month loan, 12% interest only payments (so a little over $600 every month) in a state I don't live in. I put 10% down, so the balance for my loan is about 64,000. I planned to rent it out. Great start I know. It gets worse. + +The house had a tenant in it when I bought it and is paying below market rent and has an eviction from 7 years ago on their record and like four pitbulls, but their lease expires at the end of April, so they are planning on moving out (good thing). + +But I did 0 due diligence on the property bc the company had a good reputation. The wholesale guy said that to get a contract for the property, I would have to put down 5k with no contingencies. He said that the only thing that would need to be replaced is the roof. It turns out that the home isn't as updated as I thought. beginner lesson 1: always verify the information seller gives you. + +I am trying to refinance to get out of the loan which is due in full in September. But the appraisal came back at 55,000. I honestly think the comps he used were on the lower end and maybe a different appraiser would appraise it higher. But in the appraiser report, he said that it might take about 10k +to replace the roof, replace the roof for the detached garage, and to do a couple smaller things. And based on the report, it looks like the house would appraise for 71k after those updates. + +I was planning on replacing the roof anyways. So my plan is to get a few roofing estimates, fix the house roof and detached garage roof while the tenant is still there, fix the minor things the property needs. + +Also as for the security deposit, the property management company I am using talked to the previous owner and they apparently have the banking info to send the security deposit, but they haven't yet. I am going to call the previous owner on Monday asking him to send it. It seems like the title company should have handled this considering they knew there was a tenant in the property. But now I have to chase down money that doesn't even belong to me. + +I knew about most of these mistakes before I bought the property, but I was super excited and wasn't thinking clearly obviously. I learned and am learning a lot of lessons, so the next time I am going to be more diligent. + +I have a secure job though and I can afford the interest payments until September, but it's like throwing money away. So my priority is to refinance as soon as possible. My credit score is 720 and I have already been approved for a refinance and the appraiser was sent by the bank. But like I said, the appraisal came back low. + +I only have $26k in savings. So no matter what I do, it's going to be tight. But for example, if I spent 10k on the property updates, got a second appraisal for 70k, I would have to pay another 7k to bring my equity from 10 to 20 percent in order to refinance. Plus closing costs, so let's just say 4k. + +That would be around 21,000. I still have a 5k buffer in that scenario. Of course the biggest factor is how much the roof costs, so I will have to get a lot of estimates. + +I also am planning on calling the appraiser to see what he thinks and to confirm if this will work. + +What would you do in this situation? If you guys have any advice, please share. Or if you want to own half the house, let me know and we can put you on the deed (joking... kind of). + +Also have a good weekend! +Dad passed away in February and I inherited his Schwab account. http://hellomoney.co/portfolio/28551d-inherited-estate?type=amount + +Itā€™s causing me a lot of anxiety. I have basically no experience with financial planning and am not familiar with the terms. It took me a while to write this post. +Iā€™m not a spendy person and would never blow money on silly things. I want to make a choice that benefits me in the longer term. + +1. Keep it as-is (benefit from it later somehow) + +2. Sell half of them and pay off my $54K student loan + +3. Open an IRA and start investing it myself + +4. Something else? + + +What is the best course of action? + +**Edit**: Formatting + +Mods if this is more mentor monday pls let me know + +So I (23 LCOL) sat down with a CFP from one of the biggest firms in my state, and after we hashed out all numbers he summed my situation like this. + +ā€œYou could retire with $10 million+ with JUST your current savings plan and not change itā€ + +The main reason I sat down with them was due to having a ā€œpretty goodā€ plan built from online resources/those more successful than I, but I have about 40% more monthly income leftover sitting in a ā€œI guess Iā€™ll save it for an investment propertyā€ account. + +The reason I ask in this group is this-for those who have already fatFIREd looking back in your early career would you have spent a little bit more money to do a few more things you enjoyed or still focus on just the ā€œfinal numberā€ + +Disclaimer-Iā€™m not eating beans and rice, being anti-social etc. rather living pretty frugally but could spend more on playing golf/nicer dates with the SO/seeing more museums etc + +Edit: Awesome responses from everyone here. Seems a lot of recommendations is go ahead and spend the extra few leftover in building the experiences and travel whilst not having obligations. Thank you everyone here! +Like many of you all, I have been inspired by the events of recent months to take action. Hence I created [yolostocks.live](https://yolostocks.live/r/options). + +Hedge funds pay thousands of dollars a month for this live data - I want to provide this to you all for free. Data is the most powerful when it is democratized, not just available to the elites. + +I have a detailed write-up on the site about how we are better than other similar trackers, but to summarize the main points: + +- We are *real time*. We update every 5 minutes with the latest data, while other sites update maybe once a day. +- We track every comment and submission. That's hundreds of thousands of posts every day. +- We use *Real Mentions*, which remove duplicate or similar posts to filter out bots & spam. +- We track multiple subreddits, not just r/options (e.g. check out our [tracking of another subreddit](https://yolostocks.live/r/cryptocurrency)). + +This is a new site, so any feedback/suggestions are appreciated! + +**Top 5 Tickers on r/options (Past 24h)** + +Total Real Mentions: 709 (+102% ā¬†ļø) +% of mentions from top 5 tickers: 49% ā¬†ļø + +1. PLTR - 188 (27%) - Prev rank: 41 ā¬†ļøā¬†ļøā¬†ļø +2. WKHS - 54 (8%) - Prev rank: 27 ā¬†ļøā¬†ļøā¬†ļø +3. AMC - 48 (7%) - Prev rank: 2 ā¬‡ļø +4. GME - 30 (4%) - Prev rank: 9 ā¬†ļøā¬†ļø +5. ARKK - 28 (4%) - Prev rank: 3 ā¬‡ļø +Hi all, + +Throwaway account as I'm seeking advice on particular situation. I established a GRAT that has matured and the underlying assets (publicly traded stock) have appreciated enough in value that the recipients will receive a substantial sum. + +However, for reasons I'd like to not get into, I am afraid that at least one of the recipients will not be a responsible steward of this gift and am looking at what I can do to minimize that risk. + +According to my trust attorney, I have 105 days to alert the recipients and transfer the stock into their brokerage accounts. I asked what would happen if I just never transferred the stock to this specific (they do not know about the GRAT); she responded it would be a violation of my fiduciary duty but would have to look into this more. + +I pay for some of the living expense for this recipient and was also wondering if I could establish a joint brokerage account with them and transfer the stock there. Then, I could sell the stock and withdraw from that account as needed to pay for their monthly expenses. Would that still a fulfillment of my GRAT obligations? + +Any other advice would be much appreciated. +It's benefit open enrollment season so I figure this discussion may be relevant to some people. + +My company has about a dozen health insurance plans to choose from, and I've narrowed down to 2. Premium is covered 100% for both by my company. + +**Option 1** + +$1,000 deductible + +$5,000 Out of Pocket Max + +$30 co-pay for PCP visits + +$60 copay for specialist visits + +30% coinsurance for most "serious" treatments (surgeries, hospital visits, etc.) + +**Option 2 - HSA eligible** + +$3,000 deductible + +$5,500 Out of Pocket Max + +10% coinsurance for PCP visits + +10% coinsurance for specialist visits + +10% coinsurance for most "serious" treatments (surgeries, hospital visits, etc.) + +&#x200B; + +Obviously this is a very personal decision. In my case I'm a healthy 20-something that does not anticipate needing healthcare this year. Is having HSA access worth it for a higher deductible and a coinsurance for doctor visits? +I've looked around and tons of these companies either seem like shells or aren't doing any business yet (shells). So, + +What we'd stocks are the most legit? + +And is there an ETF that is decent? I don't like putting money on individual stocks, especially in such a volatile climate. +https://preview.redd.it/6uau4fn478891.png?width=640&format=png&auto=webp&s=a05d387e50926a339f5ab22dcb508699123050c6 + +Maxine Waters was involved in the Congressional Hearing of Gamestop vs Robinhood back in Jan/Feb of 2021. After Robinhood forcefully turned off the Buy button but still let investors sell, the DTCC let Robinhood off the hook by Waiving 9.6$ Billion in Collateral obligations that Robinhood owed. More than Robinhood had at the time. Screwing over investors and denying them of a "free market". + +This report was released on the same day as the Roe Vs Wade Overturn and was overshadowed completely by the MSM. They don't want you to see this. + +*Oritinal poster: u/*[*XSlapHappy91X*](https://www.reddit.com/user/XSlapHappy91X/) *\[Had to repost due to the inability to cross-post\]* + + +Report: [https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) +I was reading [this](http://rpgplanner.com/529-plan-opportunity/) blog post that states that high income earners should not be worried about over funding 529 accounts as the tax-deferred growth for multiple years outweighs the withdrawal penalties and income taxes you have on non-qualified withdrawals. I briefly looked at the math and thought about it and it seems sounds -- I want to dig more into it myself but was wondering if anyone has any thoughts or is doing similar for themselves? +Iā€™m curious if anyone has a nice list of HNW account types at the various banks, minimums required to qualify, and associated perks. I found [this article comparing Chase Private Client with the Wells Fargo Private Bank](https://www.investopedia.com/articles/managing-wealth/061616/chase-vs-wells-fargo-which-best-highnetworth-accounts-jpm-wfc.asp), but havenā€™t found a broader survey. + +Iā€™m currently looking to find the best places to ā€œparkā€ assets to meet perk minimums without paying for active management and the various other fees they charge. For example, Chase Private Client has a decent signup bonus of $1250 and a few decent perks, and it seems to be possible to get it by transferring $250k of index funds from Vanguard to it, so Iā€™ll probably do that and leave it alone. Iā€™m seeing conflicting data on minimums from Wells Fargo but itā€™s either $1M or $2.5M and they seem to have some nice mortgage rate discounts and other unusual benefits that might sway me to shuffle some Vanguard over there too. If all I have to do is say no to an active management salesman once every few months, I donā€™t mind. + +Anyone have experience shopping around for these sorts of things? As far as I can tell, there doesnā€™t appear to be any harm in using them to park assets (I donā€™t keep much cash around so checking yields arenā€™t interesting to me), and while the benefits arenā€™t slam dunks or anything, some can be decent. + +Edit: come to think of it, this feels like the beginning of /r/fatchurning, but Iā€™ll hold off! +Think about it logically: + +* Massive connections into gaming / pop culture world +* Huge hires in the NFT space +* Tons of non-disclosures from artists/NFT designers, etc about working on yet undisclosed projects. +* PowerUp program consisting of 60 million+ players + +So how do you reach KING status here in the collectables market? You do these things: + +* Launch a platform that allows the selling of NFTs. This is a stripped down financial market with buyers and sellers. Each item up for sale will be tokenized and broken into lots of parts. +* You start buying up the cool stuff and commission artists/designers to create these projects. The sky is the limit here. A cool video game comes out and Gamestop pays $20 million for 100 exclusive images. These images are then turned into financial NFTs with 50,000 parts each and available as an exclusive on Gamestop's platform. +* The Wu-Tang album. Not many can afford the $7.4m price tag, but in 500,000 parts, this debuts at less than $20. Credit to u/silver7una on WuTang reference. +* Think of all the Disney, Funko, Pokemon, Marvel, Star Wars, Pez, movie props, etc. Hell, each of you could own a part of the Batmobile. + +Gamestop wins by taking a sliver of the transaction (say 5%). They benefit more on transactions where they buy up the underlying asset (take all the risk) and bring the item to market. Everything worth collecting ends up on GameStop's platform. +Yes, you read that right, 97% of shitcoins launched on uniswap rugged according to this [research paper](https://arxiv.org/pdf/2201.07220.pdf). + +> In this paper, we expand the rug pull dataset of the paper to 27,588 tokens. To do this, we collected all Uniswap data until 03/09/2021 by directly interacting with the Ethereum blockchain. In total, we labelled 26957 tokens as scams/rug pulls and 631 tokens as non-malicious. + +Holy shit, only 631 out of 27.5k tokens were not rugs. I knew that a lot of the tokens on binance smart chain turned out to be rugpulls, but i did not expect it to be the same for uniswap aswell. Very surprising indeed. + +The paper also proves that tokens that claim to "lock liquidity" are also mostly rugs and did not change the outcome. + +> More precisely, we show that 90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually. +The ā€˜Fireā€™ movement and the trouble with penny pinching + +Parsimony is a way of life for those who aim to retire in their 30s and 40s ā€” but how practical is it? +By Claer Barrett + +https://www.ft.com/content/f4283596-c967-11e9-a1f4-3669401ba76f + +Google Search Result : + +https://www.google.com/search?q=The+Fire+movement+and+the+trouble+with+penny+pinching + +As you can imagine from the title, the author us not that impressed. The usual arguments such as penny pinching, lentils as your 5 a day and pitfalls of 4% SWR etc. are on offer. +VW mkt cap was $143 billion as of last night vs Tesla at $1.01 trillion. + +To 3Q 2021 YTD VW profits were $16.8 billion vs Tesla $3.2 billion. + +To 3Q 2021 YTD VW sold 6.951 million cars vs Tesla 0.627 million. + +To 3Q 2021 YTD VW EV sales were 539K (+135% to 2020 period) vs Tesla's 627K (+97%). + +I won't torment Tesla shareholders with obvious comments - the stats speak for themselves. +What's up apes, + +I'd like to follow up on a trend within FINRA's Equity and Options page of which just popped back up a few days ago, (again). If you visit [FINRA's website](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.62.2) and scroll down to the Ownership chart, you'll notice that [BlackRock is once again missing from the Institutional list](https://i.imgur.com/VTufqCC.png). Additional screenshot from [7/15 indicating a position of 5,194,518 shares prior to going missing](https://i.imgur.com/nhBNM5n.png). + +This has actually occurred before, ([documented by myself here](https://old.reddit.com/r/Superstonk/comments/shjwou/blackrock_is_currently_missing_from/)), and in that case BlackRock ended up [submitting an SC-13G/A to GameStop one day later](https://old.reddit.com/r/Superstonk/comments/sicywl/blackrock_is_still_missing_on_finras/), and then re-appearing on the list on March 7th. Today though, no recent positional publications from major institutions have popped up in the system. + +For some background, I've been in contact with FINRA for the better half of a year now trying to find someone from within their organization that can explain why these institutions are appearing and disappearing from their pages. So far though, they don't seem to be entirely helpful in addressing or explaining much at all; with respect to all of the ulterior manipulation going on in darkpools, equity swaps, or what have you. The one point of note I believe that has relevance to the conversation is [their explanation for the previous disappearance](https://i.imgur.com/XpaBvwo.png), of which was that: + +> "due to a computer coding issue in the vendorā€™s deduplication process, not all filings in the SECā€™s EDGAR system were included in the reported data." + +Okay, so MorningStar is experiencing duplication errors of which are popping up on financial reporting sites displaying institutional positions in publicly traded companies. Great. So then, if this is a bug occurring now, why is BlackRock missing when there *are no documents to be duplicated in the first place*??? Because, remember, the last time this happened, [an SC-13G/A dropped a day later](https://gamestop.gcs-web.com/node/19576/html). + +So either FINRA is lying, or whichever department is responsible for communicating with the general public in relation to market manipulation / corruption is incompetent. I'm not sure which one it is. Either way, FINRA and all of the entities caught up in this situation are backed into a corner on this one, because there isn't much you can can do to explain your way out of it when the interest rates are hovering around 30% and we're quite literally in the middle of the splividend rolling out. + +As always, none of this is financial advice. I just notice these things and feel it's necessary to share. +I tried to file my taxes and they were rejected because my somebody had already claimed me as a dependent and I filed that I couldn't be claimed by anyone. + +I am in college and have not lived with my mom since August 2012. She does not pay any of my tuition, rent, or financially support me in any way. I lived away at college all of 2014. + +She does not financially support me and is claiming me so she can get tax breaks while I am supporting myself. +What should I do? +A short story fan fiction posted on behalf of Wuz: + +[https://www.youtube.com/watch?v=ZRfnWpV4i7E](https://www.youtube.com/watch?v=ZRfnWpV4i7E) + +Why are 75%+ of their portfolios in options? + +Why are they paying brokers for their order flow? + +Imagine you are playing poker, except you see half of the table's hands. This is the equivalent information of seeing 40% of order flow through your quant code. Next imagine you are playing roulette as the house except you get to choose where the ball lands. This is how they are abusing the options market with flash crashes, spikes, and EOD pricing. These metaphors are the essence of how these funds have stolen gigantic sums of money from retail traders. + +If you were at a poker table where you could see certain opponents hands would you not be more inclined to play hands against them? The order flow they are paying for is almost exclusively retail investors. Who are they most inclined to manipulate and bet against? The shown hands of their opponents aka retail securities and options buyers. Did we forget what WSB was most known for? Options loss porn and margin calls. If you can see the entire retail options spread, while simultaneously having the ability to bet on your own options, you can tell the price points that facilitate the most pain for your order flow and additionally cash in your own bets to skew the cost/profit equation of manipulating the price in your favor. Also, flash crashes and high volatility lend themselves to more margin calls and more pain for undercapitalized entities. + +Sadly, it goes much much deeper than just these indiscretions. Not only are they betting against their own order flow, they are using it to win. Failure to Delivers does not only include short sale borrowingā€¦ It also includes when the buyer or seller of a security fails to deliver the share or payment. [https://www.investopedia.com/terms/f/failuretodeliver.asp](https://www.investopedia.com/terms/f/failuretodeliver.asp) + +In battleground stocks or stocks that have upcoming important dates or earnings calls these MMs are holding their buys and sells (converting them to FTDs) and using this ā€œammoā€ to activate their own option spreads and decimating retail with easy to program quant data given to them from these broker's order flow. Cost analysis is the basis for most of these plays. I.e. It will cost us $XXX million to sell through X basis points and activate $XXX million worth of our options. Imagine if you donā€™t even have to use your own shares/capital to be doing the buying and selling: the possibilities for manipulation are truly endless and your cost/benefit analysis will almost FOREVER be in your favor. And guess which stocks they will ultimately have the most ā€œammoā€ for? The stocks bought and sold most heavily by retail. All they are required to do is deliver the share (eventually) or pay the broker for the sale - There is no record or tracking mechanism for the actual free market transaction. This is why they don't need to own shares - they get them daily from their order flow. This is also why the DTCC has put stronger restrictions on FTDs and non-delivery of securities. + +[Poker](https://en.wikipedia.org/wiki/Poker) and other games are an important part of the SIG company culture. The founders and senior traders believe that poker teaches lessons on decision making under conditions of uncertainty. SIG hosts an internal poker tournament annually and has even used poker as a recruiting tool.[\[14\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-14) The company employs [Bill Chen](https://en.wikipedia.org/wiki/Bill_Chen), a [World Series of Poker](https://en.wikipedia.org/wiki/World_Series_of_Poker) star, in its quantitative trading group.[\[15\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-15) + +[https://sig.com/quantitative-trading/game-theory/](https://sig.com/quantitative-trading/game-theory/) + +With Steve Bloom, Eric Brooks, Arthur Dantchik, Andrew Frost, and Joel Greenberg, Jerry Yass founded a firm in May 1987 to deploy their **poker** skills in the options markets. All founding members of Susquehanna were professional poker players. Nov 22, 2018 + +They are playing poker against us, but they can see our cards. + +[https://www.youtube.com/watch?v=FpNWvxE9nXY](https://www.youtube.com/watch?v=FpNWvxE9nXY) + +Edit: you know its good when the susquehanna shills are commenting + +Edit2: Wuz: I bet if you were to audit Robinhood inflow and outflow of funds you would find a HUGE imbalance of losses especially on options trades. When GME mooned they had never had that many people "win" before they didn't have the cash to cover it. + +edit 3: The massive volume we are seeing in the after hours glitches is Citadel transferring shares back and forth to cover FTDā€™s from shorts but also a metric shit ton of retail buys that they have never truly delivered to the brokers (donā€™t panic your broker is still liable for your share even if Shitadel didnā€™t buy it). The less shares they have to do these dark pool trades with the more frequently (higher volume) they need to trade the shares back and forth to cover the ever increasing FTDā€™s. They are also using deep ITM calls as covers for their short interest. This is why we see a decrease in short interest, but no true upward buying pressure. This is why we see daily 5 and 6 figure FTD numbers with no true upward buying pressure. +I own a small business and we are extremely popular in my area. But it still isn't enough...with having to pay my employees a livable wage (I do not mind this!), inflation, having to move 3x due to renovictions, gas, student loans and medicine I am drowning. I feel very privileged that this is the first time in my life that I have had these problems. But I feel so alone. I work 60 hours a week living should not be this hard. + +Any advice on how to move past the shame? I know logically I should not feel like this but in society's brain washed fuckery I am now deemed as a failure. + +Any advice is appreciated. +Hi all + +My TV license is up for renewal at the start of September however we are moving on the 25th of sept. + +Iā€™ve cancelled the DD and contacted them to say Iā€™m cancelling and they are saying I need to keep it in place until I move and then request a refund. + +Sorry I know how stupid this sounds but Iā€™ve already looked at how silly it looks to get a refund so can I cancel and just tell them Iā€™ll disconnect my box? Weā€™re happy to use Netflix and Amazon to in the meantimeā€™s it 4 bloody weeks. Seems like a money grabbing fiasco. Iā€™m moving into family residence so donā€™t need one at all. + +Many Thanks +# TL;DR + +In this post I discuss the power of asymmetry when investing and how to calculate risk-reward odds with some examples. GME has incredible risk-reward potential. Duh. But here you can see it in numbers and at different levels of possible outcome. + +The analysis shows that for every dollar at risk in a GME share purchase you have the potential to turn it into 50x, 100x, even 10,000x gains depending on how you see the stock. + +*^(Note: this is not financial advice. I am not a cat. Each investor has his own level of risk and should find their own level of comfort. Do your own research, make your own mind up.)* + +https://preview.redd.it/1um3xc8dow571.jpg?width=1116&format=pjpg&auto=webp&s=5596e57299902e3c3c775150a78528eaa8f616eb + +# Introduction to the Asymmetric Bet + +For a long time I've known that GME is unlike any other opportunity I'm likely to see in this lifetime. I've read all the DD. Written up my own DDs. Averaged down, then averaged back up. Watched the market every day for 4 months. Now I'm full YOLO and been in a state of Zen with it for months. But why exactly? How can I explain it to friends and family who only focus on the fear of minor dips? + +The answer I've come across is thinking of GME as an investment with severely skewed asymmetric risk. The greatest asymmetric bet since \[*digital currencies that cannot be named*\] in 2011. But what is an asymmetric bet and how does it help us to think about GME? + +For this section I'm going to use an article called [*Asymmetry: The Financial Secret That Can Earn You 10,000% Returns (No Joke) for reference*](https://katusaresearch.com/asymmetry-financial-secret-can-earn-10000-returns-no-joke/). I'll try to pick out the best bits and relate it in ape speak to the GME situation. + +&#x200B; + +https://preview.redd.it/5crktyafow571.png?width=1600&format=png&auto=webp&s=75f375a7b437d98b449e6479e482076dd9cbb509 + +In the market a symmetric play would be one where you have a roughly equal chance of gaining the same amount as you could lose. This could be the case with something like day-trading where most retail investors end up losing money. It could also be in a longer term investment where there's a decent chance of a pull back. + +&#x200B; + +https://preview.redd.it/gijd4exgow571.png?width=1625&format=png&auto=webp&s=a827d4d649ca6310d64b1087c4b7c0025417580f + +In an *asymmetric bet* for each dollar you risk losing there is a chance to make many more dollars back. Putting $1000 at risk in the example asymmetric bet above would have equal chance of losing $1000 as winning $10,000. This is a 10:1 odds ratio of potential reward versus risk. + +In ape speak for this example, for every banana that you might lose, you have an equal chance of getting 10 bananas back in return. + +&#x200B; + +https://preview.redd.it/2f2qmjhjow571.png?width=1556&format=png&auto=webp&s=27af5eadd26c592cad36ed6f6117ab928d65a344 + +Here we see how to calculate the odds ratio for an investment. If you expect a maximum worst case scenario loss of 50% but believe there is at least as good a chance to make 500% upside then this play has a 10:1 odds ratio. + +*Now we get a bit mathy. You can totally skip this but I include it so anyone else can play around with calculating their own expected risk-rewards odds.* + +In the case where we expect to have an equal chance of both outcomes we can write down the following formula: + +>Upside% / Downside% : 1 = Potential\_Reward : Potential\_Risk + +If we believe that the chance of one outcome is greater than the other we can use this modified formula: + +>Odds\_of\_Winning \* (Upside% / Downside%) : 1 = Potential\_Reward : Potential\_Risk + +So if theres a chance of winning a huge amount of money but it's very unlikely we can factor this in. An example of this would be winning the lottery (which I'll discuss later)... + +# A Conservative Estimate of Risk-Reward for GME + +Here I am going to calculate a *really really conservative estimate of the risk-reward ratio for GME*. *This is not FUD*. I believe the situation is far better than this and unlike anything we will ever see again. I choose to do it this way to show how crazy GME is right now even in a worst case scenario. + +So right now we're at approx. $230 for the last few days but for simplicity I'll assume we bought in at $250. Most of us have much lower averages and therefore are in an even better situation. + +Now some key points to consider when estimating the risk-reward for GME. + +1. The Gamestop e-commerce revolution could naturally make the share price \~$200 in a couple years regardless of squeeze. [Jefferies have a target of $175 on fundamentals alone for next year](https://www.reuters.com/article/us-usa-stocks-gamestop-research-idUSKBN2BG2PQ). I have full confidence in Ryan Cohen. But for now let's say the worst case would be price dropping to $125. This is roughly the lowest we've seen since the March run-up. +2. Based on this risk estimate the *Potential\_Risk* if willing to go long medium term is minimal but lets say (1 - $125 / $250) = 50%. +3. In Feb the [Interactive Brokers chairman admitted on CNBC that if trading hadn't been illegality stopped prices would've gone into the thousands](https://www.youtube.com/watch?v=_TPYuIRVfew&list=PLuj1F6SBMlyCNOrhdgwu3mDiQpHt6i_G5&index=14&t=159s). *Plural*. The situation is far more crazy now. Diamond hands have been forged for months. But here let's say $10k is the absolute worst case realistic possibility. +4. Based on this massive underestimation of the MOASS floor we have a *Potential\_Reward* of $10k / $250 = 4000% + +So if we put this together my worst case risk-reward odds ratio is: + +>4000% / 50% : 1 = 80 : 1 + +***\*\*\* This means that for every 1 dollar I accept the risk of losing I have at least an equal probability of gaining 80 dollars in return!! \*\*\**** + +This is the most bonkers asymmetric bet you will ever find. I challenge all of you to find another example. Perhaps during the early days for \[*digital currencies that cannot be named*\] but was there enough information available in real time to estimate the potential risk-reward odds up front? I think probably not. + +So the asymmetric GME bet seems absurd. How does it compare to other forms of risk that we're familiar with? + +# Examples of Risk-Reward in Other Real World Examples + +I should note here that I am not a gambler at all. I don't play the lottery and I wouldn't put anything other than play money on the line at a casino. When I compare the odds for these to GME it makes it clear to me why I feel that way. + +**In a Casino** + +When visiting a casino blackjack has the best odds of the different games. With naive play the house has an edge of about 8% on the player therefore: + +>Beginner Blackjack Odds = 1 : 1.08 + +With perfect play using one of the optimal strategies the house only has a roughly 1% advantage giving: + +>Optimal Blackjack Odds = 1:1.01 + +So in blackjack the best you can hope for is an almost perfect symmetric bet (with a slight house advantage). + +**Playing the Euromillions** + +Playing the lottery offers a very small chance of incredible life changing returns. Details of the different Euromillions prizes and probabilities can be found here: [https://www.euro-millions.com/prizes](https://www.euro-millions.com/prizes) + +The chance of winning the ultimate jackpot of 62 million euros (average prize) is 1 in 140 million. So there is typically one winner in 140 M tickets and each ticket costs ā‚¬2.50. You might be seeing where this is going... + +>Euromillions Jackpot Odds = (1/140,000,000) \* (62,000,000 / 2.50) = 0.18 : 1 + +This means that for every euro risked on the Euromillions only 0.18 euros are actually paid out in the jackpots. This is complete dog shit. Less than 20% of the money collected is used for the jackpot prize. + +Aside from the ultimate jackpot there are a number of smaller prizes with better odds of winning. I'll try to combine them all here but it's possible I make a mistake adding them up. I did this by adding all the risk-reward odds for each price from the table [here](https://www.euro-millions.com/prizes). + +>Euromillions Any Prize Odds = 0.41 :1 + +So this looks better than the Jackpot alone but we see that about 60% of the money spent each week never gets seen by the prize winners. Over time you can expect to get back 40 cents for every euro you spend on the lottery. + +# Identify Your Own Risk-Reward Ratio + +I've put together this table so that you can see where your own risk reward level is based on share purchase prices and possible outcomes. I don't account for different chances of good versus bad outcomes in the table, it assumes that the money at risk has an equal chance to rocket. + +*Again this is not FUD, I see it as anti-FUD. Even in the worst case scenarios a GME investment based on current understanding has many many times better risk-reward ratios than any other play you could think of.* + +&#x200B; + +[Risk-reward odds ratios for different GME investments and outcomes](https://preview.redd.it/ga3k0fcsow571.png?width=1396&format=png&auto=webp&s=ee546b7846806e37a86cd296a0b37d10f13af713) + +Even with ridiculously low floors and potential for downside price dropping below realistic levels, GME still comes out as an asymmetric bet that is almost impossible to beat. + +Even in the worst case estimates we have 4:1 odds. I challenge you to think of another investment that has so much upside potential versus contained risk. + +# Conclusions + +By looking at estimated risk and reward for GME we see that this this is a massive asymmetric investment opportunity. + +Imagine buying in at $250 and that the price has an equal chance of going to $150 as it does of going to $100,000. Then for every dollar of the investment at risk of being lost there is an equal chance of turning that dollar into $1000 more. + +*And as I'm sure you can see this is potentially a massive over estimation of risk and underestimation of the MOASS floor.* + +Fuck Jeff Bezos. But he understands the potential of the asymmetric bet... + +[šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€](https://preview.redd.it/pofp9txvow571.jpg?width=1079&format=pjpg&auto=webp&s=3730ce486a2daba590fbfc868b9dd4ddfb85d127) +Norges Bank Investment Management is one of the world's most prominent institutional investors. + +The Fund manages revenue from Norway's oil and gas resources. + +Currently that amounts to $1.2 trillion across four main asset classes. + +They comprise equities, bonds, real estate and renewable energy infrastructure. + +The market value of the Fund updates in real-time! Now that is a high bar for transparency! + +Last week the Fund announced their plans for 2023-2025 named Strategy 2025. + +It covers five areas: Performance, Technology, Operational Robustness, People and Communications. + +I have analyzed it and here are the most important points. + +ā€¢ Emphasis on long-term horizons. Volatile markets create opportunities that the Fund wants to exploit. + +ā€¢ Focus on soft aspects of investing. Allowing portfolio managers to be contrarian and avoiding herd behavior. + +ā€¢ Allowing investments in private markets (pre-IPO) to gain access to companies earlier in their life cycle. + +ā€¢ Focus on mandatory corporate sustainability reporting. That will include higher expectations on climate change and human rights. + +ā€¢ Harnessing big data. Strenghtening investment processes by market and non-market data analysis. + +ā€¢ Active management of geopolitical risk. Scenario analysis and stress testing. + +In essence, as markets evolve, the Fund does too. + +The standards for other institutional investors are set high. +This Wes Christian AMA is mind boggling and HFs are going unpunished for far too long. So many precedents and no one has learned. So much blatant criminal activity and no jail time. No apes should shed tears over their BS. + +If HFs manage to bankrupt a company: "Their ill-gotten shares aren't taxed and their shorts disappear. Stock holders are the last entities to get paid /or nothing." Faaaaaaack + +This isn't about money anymore. These brokers need to be sued to bankruptcy. If I get a tendie or two or 5 or 10 million, that's just icing on the cake. + +You get a share! You get a share! You get a share! + +I HODL for enforcement and action. Tendies are now second. šŸ’ŽšŸ™Œ + +Edit 1: Clarification on bankruptcy and who gets paid out. + +Edit 2: Is it time for a class action lawsuit? Also, Gamestop (the company) hasn't approached Wes to file any lawsuits, but doesn't mean Gamestop approached someone else šŸ˜® + +Edit 3: Twas the link at: https://youtu.be/q8-JO3g5bm4 +[https://www.cnbc.com/2019/01/29/raymond-james-downgrades-square-citing-lack-of-growth-potential-and-its-move-into-banking-.html](https://www.cnbc.com/2019/01/29/raymond-james-downgrades-square-citing-lack-of-growth-potential-and-its-move-into-banking-.html) +Let's say hypothetically you found out you had no choice but to work until you were 65 for some reason (healthcare maybe?). Would you still value the money you've been saving at all? + +I wouldn't. I view my savings as some abstract pile of money whose only use is to eventually free me from work. If that possibility were taken away, then 70% of my salary would be completely worthless to me since all of my needs and wants are met by the first 30%. Is this a common way of thinking among the frugal/FIRE crowd? +I had a discussion with a friend today about tesla. I was saying that their p/e ratio of 1048.39 is out of any common sens. He had a completely opposite view of it. He said tesla aint just about car and car are actually not their biggest thing they have going on. But in what possible way can it justify a ratio so hight. I dont know any other stock that come close to that. Am i a fool to not own one of the biggest part of the furute or am i smart not dipping a toe in that pond? +[Source](https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/april/ustr-proposes-products-tariff) + +[Here](https://ustr.gov/sites/default/files/enforcement/301Investigations/Preliminary_Product_List.pdf) are the list of the products being tarriffed +[Source](https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/april/ustr-proposes-products-tariff) + +[Here](https://ustr.gov/sites/default/files/enforcement/301Investigations/Preliminary_Product_List.pdf) are the list of the products being tarriffed +For reference I'm in a building technology category and work for the largest global company in the category. We are heavy buyers of steel, aluminum, electronics. + +Some of our electronics suppliers are now quoting 1-year lead times on specialty items. + +Our customers expect our MTO product to show up in 1-3 weeks. +Bought a 3 unit for $135,000 that rents out for $2400/month, I see this year's dwelling coverage at $650,000. + +I understand that replacement cost shouldn't necessarily be the same as market cost, but if you're renting out a property how much dwelling coverage do you aim for? To me I'm thinking I should look for about the cost of the property since "replacing it" means buying a similar property with similar rents. +Iā€™ve met a few folks in cr that have moved from the US/AUS and have purchased beach homes they then rent out during the month. I would love to do this and am looking for more info and advice. I love surfing and was thinking of a place in tamarindo or longosta. I understood that you need an LLC to buy property. My plan is to get a place, rent it, and make it available for myself/family for two week blocks every three months so I can come down, surf, enjoy the area, then go back to work in California. Anyone else doing this or something similar? + +1. Where is your property located? +2. How much was it, bedrooms, baths? +3. Did you finance it or pay cash? What was your interest rate? +4. How often do you find it difficult to rent it out? +5. Do you have a management company manage the place? +6. Do you see it as an investment or vacation home? Both? +Wanted to run these numbers by you guys and hear your thoughts, feedback, and any additional tips on 4 plexes: + +Midwest 4-plex +Purchase Price: $430,000 +4, 2 bed 1 baths +Rent/unit: $1,100 +Total Rent: $4,400 + +Down Payment: FHA 3.5%, $15,050 +Closing Costs: $3,000 +TOTAL INVESTED: ~$19,000 + + +P&I: $22,776 +PMI: $4,068 +Taxes: $8,100 +Insurance: $2,400 +Internet: $120/month +Water/Sewer: $280/month $3,360 +Electric $240/month $2,880 +Gas: $240/month $2,880 +Maintenance: $3,000 (newly remodeled) +Vacancy (5%): $2,640 + +Total Expenses: $52,104 +Rental Income: $52,800 + +Equity Pay Down Year 1: $6,150 +Appreciation @3%: $13,000 + +At the end of the day I guess Iā€™m curious to know peoples thoughts on break even properties like this one in good neighborhoods that should continue to appreciate. + +Assuming no appreciation, with cash flow and equity pay down I would receive a 36% return on my $19,000 investment. + +Interested to hear peoples opinions on this buy and hold in good neighborhood, with a low down payment strategy. + +Thanks! +**TL;DR - The cause of today's chaos is likely large hedge funds using expiring BTC futures contracts as safety nets to exploit the only sure-thing in this market: a large amount of new/overextended investors who are easily moved to panic sell during a flash-crash.** + + +On December 10, BTC futures trading went live. The first set of those contracts is set to expire tomorrow, January 17. + + +For those who don't know, futures contracts are agreements to buy/sell an asset (like BTC) at a specified future date and price. As the price of BTC was ~$15,000 on Dec. 10 , the first BTC futures contracts, which expire tomorrow, were fixed at about that same price. In a simplified form, this means that tomorrow: + +* the "short" side of those contracts must give the "long" side a BTC (which could simply be bought at tomorrow's market price) [Edit: as others have pointed out, these contracts are cash settled, so the "short" side doesn't actually swap a BTC - it just pays the BTC market price at expiration. However, the net result is the same either way] ; and +* the "long" side of those contracts must pay the "short" side $15,000 in return. + + +Now imagine you are a large hedge fund evaluating these contracts, and the crypto market as a whole, on Dec. 10. Obviously, making a large bet on either the "long" or "short" side is extremely risky, since the price of BTC when the contracts expire (January 17) could very easily be $50,000 or $500. This makes large bets on either side a bad option for a large institutional investor like yourself. + + +However, you also know that crypto is still an emerging market with a large amount of new investors and "dumb money." And because you are a large hedge fund, futures contracts opens the door to a third option: make large bets on BOTH sides to gain risk-free market leverage, use that leverage to manufacture market chaos, and profit on the near-guaranteed ripple effects of that chaos with virtually no risk. Here is how: + +* Bet big on the "short" side of the futures contracts on Dec. 10. Let's say you do this for 10,000 BTCs. This means that on January 17 you will owe 10,000 BTCs (Edit: cash equivalent) to the "long" side of those contracts, receiving $15k per BTC ($150,000,000) in return. + +* Buy an equally large amount of BTC on Dec. 10 at the market price ($15k/BTC). This cancels out your risk/reward for the futures contracts entirely, making you immune to all changes in BTC's price while you hold both the contracts and BTCs. This also allows you to accumulate and hold an extremely large portion of the BTC market while taking essentially no risk. + +* Shortly before your futures contracts expire, dump all of your 10,000 BTC on the market at once. Like clockwork, this will trigger stop-losses and panic sells from the consumer BTC market, virtually guaranteeing that the BTC price will continue to dip well below whatever price you just sold those 10,000 BTC for. + +* Ride that dip you just created to buy back the 10,000 BTC for much less than the price you just sold them for. This is particularly easy, since the funds you need are already liquid and ready to get back in the market. + +* Use the re-purchased 10,000 BTC for the expiring futures contracts, which get swapped for your initial investment ($15k/BTC). The difference in the price that you sold the 10,000 BTCs to start the dip from the price that you bought the BTCs back during the dip becomes your net profit. + +[Edit: Because the BTC futures are settled in cash, the last two steps above can be skipped with the same net result. However, the BTC can/should still be repurchased during the manufactured dip so it can be used for the next round of expiring BTC futures.] + +For funds with access to enough capital to move the crypto market, this play should be easy money. It would also explain the series of huge dips (seemingly out of nowhere) that we are dealing with today. + + +If I'm right about the cause (and I'm fairly confident that I am), the good news is that today's dips are likely temporary and not signs of a more serious issue with cryptocurrencies as a whole. The bad news is that I don't know how this can be stopped as long as the prospect of capitalizing off of market fear remains a huge carrot for the sharks in this market. + + +Thoughts? + +Since I am not sure who is typically responsible for creating the Mega Thread each morning, I am taking the initiative to do it today so us Apes can brainstorm and discuss throughout the day. + +Mods, if this is not okay, I apologize in advance. Me just smooth brained ape who love his daily Mega Thread. + +šŸ¦šŸ’ŽšŸ™ŒšŸŒ +There are three issues at play here. First, my brother (26) is fighting cancer. He's disabled and he can't work. He has roughly $20,000 in student loan debt. He has had tens of thousands in medical bills, which up until recently were paid for by an inheritance. The inheritance was very fortunate for my family, and I'm not sure how much is left, but that will likely run out in the next 1-2 years. After that it will fall on my parents and I to support my brother. My parents are not wealthy so it would mostly fall to me. + +Issue two is my girlfriend's debt. I've always known she had a lot of debt, but she was reluctant to give me the exact amount. She had hinted that it was $50-$70,000. She has a bachelors in history, a masters in history, and a masters in library science. I've been pressuring her to tell me the exact amount for months, but she was afraid I would break up with her if I knew her actual debt. Well, it turns out she has $113,000 in federal loan debt, most of which is grad student loans. She has another $7,000 in credit card debt. She doesn't know the interest rates, but I assume her credit card debt has the highest. + +My GF and I recently relocated from the west coast to the midwest to help support my brother. I was able to keep my job and work remotely (I work in tech). My GF had to quit her job as a corporate librarian where she made $46,000. She is unemployed and has been looking for work for past three months. She hasn't received a single offer but has some prospects. I've been pressuring her to seek more lucrative work outside of librarianship. + +We live together and I pay nearly all living expenses. She likes to go out to eat often and take weekend trips. I now recognize that I'm stupid for enabling this behavior. We weren't planning on getting married for a while anyway with my brother's situation. Now I'm even more reluctant because of her debt. + +Third is me. I earn $93,000, I hate debt, and I'm really good at paying it off, even when I made much less. In a cruel twist of fate, I'll make my last student loan payment this week. My only debt is $8,000 for a car loan but I had planned on paying that off by July. + +So, I'm starting to lose my mind. I pride myself in making good financial decisions and paying down debt quickly. Finding out my GF has $120k in debt was a punch to the gut. I love her and I want to make this work, but I might go crazy if I have to support both her and my family. I'll try to be positive. The fact is though that I resent her for making such poor financial decisions and relying on others to help her out. I resent myself for not tackling these issues sooner. My focus, however, has been on helping my brother. + +Thank you in advance for your help. + +**Tl;dr** + +* Brother has cancer. I support him. He has at least $20k in debt + +* Girlfriend has $120k in debt, is unemployed with few job prospects + +* I earn $93k. $8k in debt. Debt is a pet peeve of mind and I might go crazy over this. + + +**Update 1** + +Thanks everyone for your feedback so far. I appreciate it. Here's my response to some frequent comments. + +* Yes to loan forgiveness for my brother. I'll look into that. +* I have no intention of helping my GF pay her loans until (and if) we get married. I agree with everyone's reasoning on that. I do, however, want to help her budget and strategize how **she** can pay these off herself. Obviously getting a job--any job--is the first step. If you have other ideas how she can tackle it, please let me know. + +* Some of you mentioned that my brother should get SSID. My brother is getting money through social security, so yes, I think he's already getting that. Sorry for not mentioning it sooner. + +* A lot of you are saying I should break up with her. I've considered that. It's definitely the rational decision. My GF and I have been through a lot though. She's very supportive of my brother and family as we go through this difficult time, not to mention moving cross-country. Breaking up with her makes financial sense, but she helps keep my family positive and hopeful. I want to exhaust all means of figuring this situation out before throwing in the towel. + + +**Update 2** + +* Wow, made the front page of Reddit. Wish it were for something happier. + +* Some of you have said that I'm being selfish for "making" her move or not being understanding enough. One thing to keep in mind is we moved to the west coast for her schooling, only to move back to the midwest (where both our families live) for my brother. Respectfully, I'm interested in financial help, not relationship counseling. + +* Thank you everyone for your feedback. Many of you have made some informative, supportive, and loving comments. We appreciate it. +I seriously considered buying today, especially now that the markets are going up. I feel like I am going to miss the dip and was ready to go on a small shopping spree-- just a few ETFs and blue chips I have been eying. Then I realized Putin is likely to make additional inroads into Ukraine this weekend. There is almost universal sentiment that the current sanctions are not enough. World leaders will be discussing a new round of sanctions very shortly. + +My guess is that many people who bought today or didn't sell will be wetting their pants over the weekend when they hear about the prospect of new sanctions. I wouldn't be surprised to see stocks dip again on Monday and Tuesday. + +Thoughts? + + +# TLDR; SPAC crackdowns are directly related and impacting MMs and Hedgefunds like Citadel. Ken Griffin has a company called Pine Island Capital Partners and Pine Island Acquisition Company. Pine Island got delisted in May by the SEC for financial filings and misrepresentation of their warrants . Pine Island also bragged about being able to profit off of Covid. + +At face value it seems that the SEC has not only had itā€™s head in the sand, but that when itā€™s head wasnā€™t in the sand it was going in all the wrong directions. Back when information about SPACs getting cracked down on I remember folks questioning why in the hell they were going after SPACs when in reality there was major market manipulation elsewhere. + +So. Why in the hell would they go after SPACs? + +Because there are SPACs owned by MMs and Hedgies, many like Citadel and Ken, who are fucking over the economy in their own right. + +Last night I did some digging and found another spinoff company of Kenā€™s. Itā€™s called Pine Island Capital Partners and thus Pine Island Acquisition Company. + +&#x200B; + +Here is the 13G That goes into detail regarding this being their company: + +[https://www.sec.gov/Archives/edgar/data/1423053/000110465920130010/tm2037217d1\_sc13g.htm](https://www.sec.gov/Archives/edgar/data/1423053/000110465920130010/tm2037217d1_sc13g.htm) + +&#x200B; + +PAY ATTENTION HERE: + +Each Citadel listed is a different company of Kenā€™s. Each owning...6.9 ;) + +&#x200B; + +https://preview.redd.it/t9va4hk1hjf71.jpg?width=1904&format=pjpg&auto=webp&s=cbe572b28f116776ceabda0df4550b35cfa20f71 + +&#x200B; + +Pine Island is a company that is described as being a company that focuses on defense contracting. This could easily mean something regarding contractors working alongside the military. However it could also mean defense in the sense of warding off covid. Which is precisely what it is. + +[Firm Tied to Biden Contenders Tony Blinken, Lloyd Austin, Michele Flournoy Looks to Cash In On COVID Response (thedailybeast.com)](https://www.thedailybeast.com/firm-tied-to-biden-contenders-tony-blinken-lloyd-austin-michele-flournoy-looks-to-cash-in-on-covid-response) + +&#x200B; + +Pine Island has ties to many within the Biden Cabinet such as Blinken and Flournoy. While Iā€™m not sure exactly \*what\* this company does regarding covid, itā€™s defense contracting plan is aligned with doing what they deem to be making money off of their unique knowledge and position and ability to exploit the situation. + +&#x200B; + +https://preview.redd.it/9t2akbr8hjf71.jpg?width=1387&format=pjpg&auto=webp&s=8e15bc400445f4619e58cc4a1d6adc7cc21d1860 + +&#x200B; + +https://preview.redd.it/g8ivewp9hjf71.jpg?width=1919&format=pjpg&auto=webp&s=4b0f9f517c55b1c4ffc8ca730af58159c81303fa + +&#x200B; + +&#x200B; + +# How this relates to the SPAC crackdown + +Pine Island (Both Capital Partners and the Acquisition business) are listed as being located in Deleware and Ft. Lauderdale (Kenā€™s stomping grounds. Go check my aviation logs of his Bombardier). + +Back in November a financial statement audit was done regarding this company. It also sheds light on certain agreements regarding warrants that can be moved and when. + +&#x200B; + +https://preview.redd.it/3zds1slphjf71.jpg?width=1916&format=pjpg&auto=webp&s=2c5b979f7f819fb0763abace8d10d184ae60f7df + +[https://www.sec.gov/Archives/edgar/data/1822835/000110465920129527/tm2037104d1\_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1822835/000110465920129527/tm2037104d1_ex99-1.htm) + +In May they were delisted for failing to provide their financial filings. It was also stated by the SEC that they needed to amend regulations regarding their warrants. + +[https://www.sec.gov/Archives/edgar/data/1822835/000110465920131022/tm2037182d1\_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1822835/000110465920131022/tm2037182d1_ex99-1.htm) + +[Pine Island Acquisition Corp. Announces Receipt of Continued Listing Notice From NYSE Relating to the Impact of Recent SEC Guidance on Accounting for Warrants :: Pine Island Acquisition Corp. (PIPP)](https://www.pineislandac.com/news/press-releases/detail/4/pine-island-acquisition-corp-announces-receipt-of) + +&#x200B; + +&#x200B; + +https://preview.redd.it/cizxlkushjf71.jpg?width=1918&format=pjpg&auto=webp&s=a9ca1512d951194743aed27df701275eb83ed59f + +&#x200B; + +&#x200B; + +&#x200B; + +Remember how there has been information circulating regarding Bank of America and Citadel? Well it looks like they have seen where their clients were significantly impacted by this crackdown. + +https://preview.redd.it/j3zua87fhjf71.jpg?width=1920&format=pjpg&auto=webp&s=fef6a52e6a002c2b590c7d22bb7f5d52be85fb52 + +&#x200B; + +&#x200B; + +Hold on tight. What seems to have been the SEC going on wild goose chases that were unrelated are, in fact, completely related. Everything related to the markets is related to GME. Especially when they are in the hands of Ken Griffin via Citadel and are being delisted by the SEC. +Hey r/AusFinance, + +Iā€™m in a bit of a tight spot with my current employer. I have been here just under a year, with no super contributions made. I am a permanent full time employee so there should have definitely been some. + +I have brought this up with them and only received ā€œwe will look into itā€. I have recently found out that a few of the other staff members that have left recently part of their leaving was due to unpaid super also. + +They have been struggling to get it paid through talking with the employer, along with annual leave. + +I think the whole thing is a little shady and will get out as soon as possible, but wanted any advice on things I can do now, while still employed there to try and get these payments made before I do leave. As it occurs to me that getting these made while at the company may be much easier than going through the ATO. + +Thanks +Hear me out, hear me out, please, before you roast me. + +&#x200B; + +The mods have done a terrific job setting up AMAs with industry professionals and founders/executives of highly relevant companies recently (shoutout to u/jsmar18 but also the other mods involved) . + +&#x200B; + +Probably everyone on this sub agrees that the 'holy grail' of AMAs would be someone high up at GameStop directly ā€“ such as our beloved chairman himself, Ryan Cohen. His 'gag order' related to GameStop has ended recently. And while we can be 99.9% sure that RC would not do an AMA on Reddit in order to not implicate himself (legally), we have all heard him speak about how he values both customers and sharehodlers. Also, as a group of dedicated & passionate individual investors (who make their own investment decisions), we are a force to be reckoned with and a major factor for GameStop's current and future success as a company. So while he would very probably say no anyhow, I have been wondering: + +&#x200B; + +**Has anyone actually contacted RC (or his team) about doing an AMA on Superstonk?** + +&#x200B; + +I mean, asking is for free, so.... why the hell not try it? +Hi there! throwaway account for obvious reasons, long time lurker but now I have this account to contribute to fatFIRE discourse. + +&#x200B; + +Over the past year I've been going through the process of getting my second citizenship with St Kitts via Golden Visas (donation, not real estate purchase), and I'm finally at the stage where I'm waiting for my passport in the mail. I'm wondering if anyone on here has any advice (from trial and error) they could give me on the next steps after receiving their passport? Where to look for a three month 2 bedroom lease, setting up a bank, resourceful websites, etc. Things like setting up and getting acclimated as a citizen of St Kitts. Or anything else you think I should be aware of as a newly naturalized citizen? + +&#x200B; + +Advice and experience from the respective law office / GV only goes so far, I would absolutely love some input from folks who've experienced the process first hand. + +&#x200B; + +Thanks! \~OP +Has anyone looked at borrowing against portfolio to fund lifestyle thereby managing capital gains? I presume one would need a substantial portfolio however with interest rates so low, it could be a viable approach. +I've been trying to search online but with spotty results. I'm an hourly employee for a large company in Massachusetts, I'm required to fly to California Sunday and it's looking like a 10-11hr travel time with one layover. How should my employer pay me? Flat rate 8hrs like a work day? All 11hrs? None? + +Thanks for any info +i'm an early employee of a tech startup which recently raised a significant funding round with $1B valuation. my stock options are worth few $millions. there is a tender offer round and i can sell up to 40% of my vested stock options (in my case most of my options are vested). i can assume there'll be another funding round (with another tender offer) before an IPO. i'm aware of the risks for employees at an IPO. my dilemma is if i should sell 25% of my stock options (which is the minimum i need to jump-start some investments in real estate and the stock market), or the entire 40% to further reduce my risk, the difference in cash is a few $K now. in my case this tender offer is life changing money. + +i'd like to hear suggestions based on experience.. thanks! +i'm an early employee of a tech startup which recently raised a significant funding round with $1B valuation. my stock options are worth few $millions. there is a tender offer round and i can sell up to 40% of my vested stock options (in my case most of my options are vested). i can assume there'll be another funding round (with another tender offer) before an IPO. i'm aware of the risks for employees at an IPO. my dilemma is if i should sell 25% of my stock options (which is the minimum i need to jump-start some investments in real estate and the stock market), or the entire 40% to further reduce my risk, the difference in cash is a few $K now. in my case this tender offer is life changing money. + +i'd like to hear suggestions based on experience.. thanks! +[Why Mortgage REITs are plunging Friday](https://www.google.com/amp/s/www.fool.com/amp/investing/2020/04/03/heres-why-mortgage-reits-are-plunging-on-friday.aspx) + +Despite three day market rally last week REIT stocks are at their lowest ever. For some companies margin calls arenā€™t being met and for most dividends are being cut or stopped altogether. + +With this in mind this could either be one of the best long opportunities in the post coronavirus market or one of the first industries to collapse. + +Sentiment among investors on the potential of these stocks is most likely shifting even now but why do REIT stocks maintain such a positive forecast? +Weird question... But I'm considering buying a neighbour's investment property that he currently has listed. The problem is he is a very unfriendly neighbour who I have a bad relationship with, and I expect he'd either reject my offers outright or at minimum jack the price if he knows it is me. + +If I go through a buyer's agent, when does he find out I'm the buyer? I don't give a shit about him finding out once contracts are signed, I just don't want trouble before it's finalised. +The conventional wisdom is that, as you get older, your allocation to stocks should go down while your allocation to cash and bonds should increase. However, if you have a large nest egg and can fund your annual expenses with a small percentage of your net worth, does this approach make sense? Wouldn't it be better to invest heavily in equities to benefit from the longer-term expected outperformance relative to bonds, knowing that you wouldn't have to sell (much) during market declines? For instance, if you can live off of 2% of your investments, which approximates the dividend yield of the S&P 500, why not just be 100% stocks? +How *much do you pay for you and your familyā€™s health insurance? + +*Asking because my partner and I are considering to leave our corporate jobs and focus more on RE. But our health insurance including having FSA and HSA benefits is really beneficial for our family of 4. +Many of us rejoiced at the news that PayPal will soon let its [346 million users buy and sell Bitcoin](https://coinfomania.com/paypal-support-buy-sell-bitcoin/). + +But the joy was short-lived after it became apparent they were not going to let people withdraw and send Bitcoins purchased on PayPal to other people. + +I mean, what the heck is that? + +&#x200B; + +https://i.redd.it/kncmj0q5cmv51.gif + +&#x200B; + +**But think again?** + +What would happen to the Bitcoin network if PayPal suddenly exposed millions of users all at the same nice. + +Your guess is as good as mine, Bitcoin transactions would probably take days to settle and that isn't good for all of us. + +If you're tried transacting with Bitcoin in the past few days, you'll understand its already taking long for transactions to settle. And mind you, we're still at $13k price. What will happen when we see $20k, $50k or $100k? + +**The Point?** + +[Bitcoin isn't ready for the PayPal effect](https://coinfomania.com/bitcoin-not-ready-paypal-effect/) and PayPal knows this. In fact, they're being friends of Bitcoin by not enabling send and receive at this point. + +Therefore, instead of whining about PayPal, we should be happy about the good PR their adoption gave to Bitcoin and the millions that will probably be buying Bitcoin for the first time via their platform. + +&#x200B; + +>Do not let perfect be an enemy of good + +&#x200B; + +The focus should now be on getting bitcoin ready for mass adoption +My mother who is the main caretaker of my grandma who received a letter stating that she is not a citizen and will no longer be receiving her social security payments. My grandma has been a citizen for a veryyyy longgg time (we have her naturalization documents/proof) and she has been receiving her social security for many many years just fine until now. + +My mother has been in contact with 2 people at the social security office who told her to mail in a **copy** of her naturalization by BOTH people. She mailed it in awhile ago and followed up with the office this past week, they said they haven't received it yet and it's because mail has been backed up so to stay put. She waited a bit longer and then called in again and now she is being told by a 3rd person that they received the copy but they actually need the original version mailed in.. 1. My mom is afraid to send in an original copy in the case it gets lost in the mail or their system because they're making it so difficult for her to clear this up and she's sketched out..they keep making her run around in circles.. 2. she already verified with two people at the social security office that a copy is okay.. + +What can she do moving forward? Is there any way we can escalate this? Is there another office higher up that has jurisdiction to look into this and help? It's been very difficult for us because my grandma went to the ICU for covid and miraculously lived..she's 96 years old...I'm sorry...I'm not sure if this is the right sub to post this in but hope you guys can help! + +Edit: WOW I was not expecting such a big response! You guys are gonna make me cry :') For everyone asking, yes the letter we received is real, we confirmed everything. Also, to people who recommended going into an office in person to show the document, all ss offices are closed during covid. Looks like the majority consensus/go to has been to contact my local representative/constituent services office and I will most definitely be doing that tomorrow. I will provide an update once my og gma gets her moolah :) + +Update: hey guys, wasnā€™t expecting this type of update at all, my grandma sadly passed away..sheā€™s probably partying in heaven rt now. Did everything as recommended for the social security and they never gave it to her. what a bunch of dingleberries lol Thank you guys again for trying to help and being great šŸ˜Œ +So my father passed away back in February and he had an account with Merrill Lynch that had around $1,000,000 worth of stocks in it with half of it being margin, we still arenā€™t allowed to access it and Iā€™m pretty sure itā€™s damn near $0 now since it had $130,000 of coinbase which is now 1/4 of what it was when I looked and $400,000 worth of Amazon which didnā€™t do so well either, Iā€™m wondering if itā€™s even legal for them to do this, because that account is half of my dadā€™s retirement and my mom has no idea about margin or stocks, Merrill Lynch has taken advantage of our situation is what it feels like and we never had an option to sell anything +I went through the same thing in 2018 as what you guys are going through right now. I bought my coins in the hype of 2017, and watched my portfolio decline in early 2018. A 80% decline. + +Fast-forward now, 4 years later, I have no stress at all and my portfolio is still greener than green. + +In short, my advice would be: +- enjoy life +- ignore your portfolio for the coming years +- and I'll see a happy you in 2025 ;) + +Peace out +I learned about FIRE in later 2018 (when I was 50). I was usually maxing out my 401k, but I was not very intentional about my goals. Iā€™m 52M married to a 53F with two adult kids (one finished graduate school the other will graduate college in 2022 with no debt). My FIRE number is about 3.5M which I hope to hit by 2027 or sooner. Iā€™m interested in FI (financial independence) but not the RE (Retire Early) part as much. I might be ā€œretire earlierā€ at 59 instead of 67. My wife currently doesnā€™t work outside the home (she retired early, later we had kids, and she went full-time mom). + +**Background**: + +High income in MCOL area. First in my family to graduate college. My initial career was focused on public service, working for a local government agency. I didnā€™t like this work, and after college, I transitioned into technology as a programmer still in my early 20s. I worked crazy hours at startups and Fortune 500 companies for many years. A few years ago, I pivoted to a new industry but remained in technology. The new company is lower stress and more sustainable. Recently I took an internal transfer out of technology into a business role after earning another advanced degree. + +No debts except mortgage (340K) and about 300K in equity. On pace to pay off the mortgage in 11 years with a 2.375% rate. I could pay it off even faster, but that interest rate is so lowā€¦ + +**Breakdown of investments**: + +\- IRA = 920K +\- Spouse IRA = 200K +\- 401k traditional = 445K +\- 401K Roth = 12K +\- 457b = 80K + +\- Brokerage = 260K +\- Cash = 90K + +Things Iā€™ve learned on my FIRE journey - and things that have made me appreciate the FIRE community: + +1. Iā€™m not as interested in retiring early because my family doesnā€™t have a strong generic track record of longevity. I need to have fun along the way, and no one is promised tomorrow. I do save money, but I also spend money on things that have meaning to me including a lot of travel. (well at least before the pandemic). I like having a top-tier health insurance plan from work. + +2. FIRE taught me about travel hacking. I was able to get a companion pass on Southwest for my wife, and now we travel together even on business trips. This has been life-changing, and we go visit our kids. + +3. FIRE inspired me to explore a side hustle. Not so much for the extra money, but more for pursuing a part-time role that I might transition into instead of an abrupt retirement. I now teach two college classes online. Iā€™ve met new people, and Iā€™m helping others. It has done a lot to reinvigorate my mental health after a year+ pandemic and working from home. Itā€™s also helped me avoid tech job burnout that seems to be common by giving me other interesting problems to consider while helping others. I save 100% of this extra income compared to about 25% of my regular income. + +4. FIRE helped me to understand other options beyond just 401k retirement savings. Thatā€™s all I used to do. When I became eligible to also participate in a 457b, I ramped that and I started making catch-up contributions the year I turned 50. In 2020, I maxed out on the 457b. Iā€™m now also making contributions to a Roth 401K with a generous match. + +5. FIRE taught me to save outside of retirement accounts too. I now have an emergency fund and a sizable brokerage account focused on index funds. This has given me TREMENDOUS freedom that I hadnā€™t imagined before. I now think of it as my Financial Independence money (I find the term F U money to be a bit vulgar for my tastes). If something happened, or if I couldnā€™t cope with the stress of my employment, I could make a change, and everything would be OK. A few years ago, that would have been stressful. I would always adapt to whatever insane deadline my employer would demand. Iā€™ve intentionally moved to a better company, and less demanding role ā€“ and Iā€™m happier! I have improved work/life balance and sufficient vacation to have fun with my family. + +6. FIRE helped me to understand that I donā€™t have to wait until Iā€™ve 59 to access retirement accounts! The rule of 55 was a revelation to me that will give me new options in just a couple of years. + +7. FIRE taught me to use the Personal Capital app to calculate my FIRE number and monitor expenses. All of my investments are basically low-cost index mutual funds from Vanguard or Fidelity - except my wifeā€™s IRA. Sheā€™s paying high fees for an investment advisor on her 200K. Iā€™ve encouraged her to consider my strategies, and we will continue to revisit. + +8. I mostly buy used cars or occasionally a new one and drive it into the ground. I bought my kids late-model used cars as gifts, and I drive a used 2017, and my wife drives a used 2015. All paid for at this point. I will admit that as I have gotten older and Iā€™ve managed to achieve financial goals ā€“ Iā€™m tempted to buy a new 2022 Corvette when my youngest kid finishes college next spring. + +9. My kids have read ā€œSimple Path to Wealthā€ at my request, and they are applying these principles now. I wish I had learned them in my 20s! My older kid already has an emergency fund and brokerage account. FIRE has taught me how to better prepare and teach my kids. + +10. I could work to lower my expenses and retire earlier; Iā€™m just choosing not to pursue this right now. I have made some changes inspired by this forum, like switching to T-Mobile, keeping my iPhone for 4 years, and extending the life of my laptop to 5 years. Before FIRE, I would splurge on tech frequently. I still buy incredibly cool tech; I just now have a disciplined schedule of tech refresh that is not frequent. + +Anyway, I attribute a lot of my success to what Iā€™ve learned here over the past 3 years! I donā€™t post much, but I learn a lot here so I thought Iā€™d share what Iā€™ve learned so far. +I have noticed whenever there is a thread about what to do with x amount of cash. The top replies are always just buy SPY/VOO/VTI. + +Those that invest in individual stocks were there any that had a great year but flew under the radar on stock subs? +A year, if not six months ago, people were super positive about it. It seemed every other thread here was about it. + +With the huge stock market drop, things have changed. Lots of people are bag holding. + +I'm just curious, has anyone thoughts changed on it? Is it still a recommended strategy? At one time, it seemed like the right strategy for everyone. +I'll start. I was sitting on a GME 1/29 60c the week of the first round of insanity. I sold it on 1/26 for $4100, a 1367% profit. the next day it was worth about 30k. It's extremely hard not to think about that all of the time. anybody else? +I have over 10,000 shares of the underlying and am super bullish on it long term. I was selling weekly calls for .10-.12 cent premiums on a 6.00-7.00 stock. The premiums are set so that itā€™s a very long shot that these calls will end up in the money. I got greedy, and tried for a .30 center, and it was the same week it spiked. I rolled out, but it kept running, and rolled again, and again- each time collecting extra premium. + +Now though My ccā€™s are in January but worth 1.35. The underlying would have to double to end in the money, but because im so bullish I think in all that time it could do much more than just that. The delta is .40 now if that helps. + +I was thinking of selling shares to raise funds to buy back all the ccā€™s- $13,500 worth. Thinking if I go back to the .10 weekly premium for the next 26 weeks, I end up better off and more protected incase this stock starts to really grind higher on that time. Even with the recent spike, the .10 weekly ccā€™s never finished in the money. + +Is this the best play? Or should I give it some time, hope some time decay happens first before looking to close the ccā€™s I have now ? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +When selling a CC, should i consider timing when selling. Like selling on an up day? I always sell above my basis so its kind of like bailing out the Titanic with a shot glass. I generally 20-35 day expirations. Open to suggestions. +https://i.imgur.com/GtFdcel.jpeg + +Poor Cramer. Bet he's having a coke inducted meltdown right now. + +Also, why the fuck are we limited to text posts only. using imgur is for fucking boomers. Are these fucking mods now boomers? Bet they'll be buying long ITM leaps on Exxon next, turds. +In one of the recent posts about why investing in banks is a good idea, a lot of people mentioned *dividends*. + +But if the share price was to go further down, you're losing money at the same time isn't it? The more money you have invested, the more you're going to lose so i'm not sure if i understood the concept of mere dividends and not the prospects of the company +Unless heā€™s buying stock today, how does he know when we have these Green Dayā€™s? People are speculating the correlation between penis related tweets and dildo day candles, but how? Not to sound smooth but doesnā€™t he have the same access to info as us? Doesnā€™t seem like hedgies are at their desks and I think he somehow knew that. +Our FIRE journey started a little over a year ago. I was in my last month of residency and my wife was about to complete her 2nd year of residency. We never had any retirement accounts at the time since we felt too poor with our tiny residency salaries (we live HCOL, inside Boston) and our crushing student loan burden. So, a year ago, we had ZERO investments, and 317K in student loan debt. Net worth of -317K. + +Well yesterday was a huge milestone for us - we crushed her student loans. Paid off all of her 106K loans in a single year's time! + +**Summary from June 2017 to June 2018:** + +401K/IRA/HSA/403B contributions plus 1 year of growth: 122756.96 + +Total amount of wife's loans paid in the past year: 106250.78 (remaining amount: ZERO [https://imgur.com/a/2MAjcLt](https://imgur.com/a/2MAjcLt) ) + +Total amount of my loans paid in past year: 33832.00 (remaining amount: 191K [https://imgur.com/a/8CjiGtS](https://imgur.com/a/8CjiGtS) ) + +Total net worth increase in 1 year: 262839.74 + +My pretax income: 315000 + +Wife's pretax income: 69400 + +"Take home" spendable amount after subtracting taxes/loans/retirement contribution over past 1 year: 44227 + +So overall, our networth is now -69K. + +Yeah...somewhat depressingly, our networth is still negative, and we paid well over 100K in taxes in the past year....but still, we're excited, we're only 28 years old, and once my wife finishes her training we estimate our household income to grow to well over 600K which will give another boost to our FIRE plans! +https://www.cnbc.com/2019/04/22/how-to-save-50-percent-of-your-income-from-people-who-have-done-it.html + +Most of it is basic stuff but good for someone who's just starting out. + +Edit: Been following this sub for a while just thought I'd start posting and sharing a bit more +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. +Hi, + +I have been looking at Nestle India stocks as a long term investment. As a premium stock and zero debt stock, it looks as good investment and Iā€™m thinking of investing using Dollar cost averaging. But a lot of are saying that Nestle overpriced and overvalued? + +What is the right way to evaluate and invest in nestle? P/E ratio is higher compared to the industryā€™s average P/E ratio. Any thoughts and analysis will be much appreciated. Thanks! +Hi Investors, + +I am investing in NSE India from 2018 and covering U.S market with Motilal Oswal S&P 500 for diversification and possible higher returns for retirement goal + +For some years, we have been getting the news of Bangladesh, Vietnam growing rapidly in Asia and Bangladesh exceeded india in per capta income already.So, I wanted to see how I invest in under valued stocks/ mutual fund for longer time and be a part of the growth and make good returns + +In this sub itself, there was post some 2 yrs back about investing in Bangladesh,Vietnam. For Bangladesh, there is no mutual fund or direct way of buying stocks were available. Vietnam investments can be done via "vested app" but its more costly and only one fund is available. + +Bangladesh is on track to become middle income country and also shifting the focus slowly from garments to other areas as well. The Stock market and rules seemed to be matured with companies like Marico, Heidelberg cement etc + +Any of us here or do you know anybody already invested in bangladesh stocks or intrested? + +Thank you ! + +P.S : Some links + +Recent take of HSBC + +https://www.cnbc.com/2021/06/09/hsbc-sees-diversification-opportunity-in-bangladesh-stock-market-.html + +Bangladesh At 50: Economic Challenges Ahead? | BOOM | Govindraj Ethiraj + +link to youtube + +Dhake stock exchange website + +https://www.dse.com.bd/ +Newbie in investment. + +Can you please help where I can find 1 year forward PE ratio for sectors and stocks + +Do you think this brings value in decision process ? +I recently exited my first PMS investment (ICICI Pipe but this isnt about a specific PMS and likely applies to all) and thought I would share some data about my returns and hope that it helps others better understand real returns. + +When I made my investment in a PMS, while I found anecdotal feedback, no independent data was available. There is enough obfuscated charges that I miscalculated what the actual fee was and what the returns would be. Keep in mind the premise of a PMS is that it will substantially outperform the benchmark and hence marketed as superior to MF (but I did know its at a higher risk). + +In my case for the period that I was invested in... + +BSE Small cap Index (Its benchmark) grew by: 68% +My Folio grew by : 42% +Fees charged: 17% +Taxes due: 6% (Unlike MF, I have to pay short term and long term capital gains tax on each transaction) +Returns after taxes and fees: 19% +Of this another 11% has not yet been refunded as its in some unlisted equity and unclear when and how much I will get back. +Hence real absolute return is 8% net (not annualized, which is even lower) and their fee is far higher than any other component while the benchmark in that period (according to their own data on my folio) grew at 68%. + +Their fees included the following components +1. Setup Fee +2. STP Charges +3. Fund Accounting Fees +4. Management Fees +5. Custody Charges +6. Audit Charges +7. DEMAT Charges +8. Performance Fees +9. Taxes + +Yes it under performed and although I dont see why that shouldnt be considered as a negative for something marketed to outperform but the key is that the charges ensure that you will never really make better returns than an MF targeting the same benchmark. + +So anyone considering anything other than MF, hope this has added some alternate color. Do check closely all types of fees, ask for actual scenarios and if ideally talk to someone who has invested in that instrument through a full market cycle. It was an expensive lesson for me. +Also tell the rationale behind what went wrong for losses and what went right in case of profits. +If it is any stock or a mutual fund , do name it. + + +Idea is to learn about people's behavioural finance. I have seen people holding on to losses and booking gains as soon as a they see a green figure. +So I was going through some financial YouTube videos and came across this new type of mutual funds, I know they have a upper hand on tax savings but is it really has the risk tolerance similar to liquid funds, as a good chunk of the fund usually allocated to equities ? +I was trying to do other work today, but there's a lotta hoopla about the recent FTD debacle, and this is squarely in my wheelhouse. So let's dig in. + +&#x200B; + +First, here's the data: + +Raw: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +Twatter: [https://twitter.com/chartexchange\_/status/1498373341375307778](https://twitter.com/chartexchange_/status/1498373341375307778) + +https://preview.redd.it/wpg3sb9ghnk81.png?width=1197&format=png&auto=webp&s=996aeba7067de4f05e29757facbfc58b8fe2677c + +&#x200B; + +Let's go through the basics. + +1. The SEC releases half a month's data in arears (with a delay). While I disagree with the delay, especially in an electronic system with time measured in sub-milliseconds, this is standard for the stock market. +2. The SEC accidentally released the first half of February's data (Feb 1 to Feb 14) *for all stocks* on February 15th. Since they published data through the 14th on the 15th, they get the data daily. +3. Neither the notional amount ($ value), nor the shares volume changed between the February 15th and February 28th publishings. Only February 1st's "FTD Change" data changed, and that's because the twitter user compared it to Jan 14th on the left and Jan 31st on the right (user error). +4. FTDs have a forced buy in at T+2. There are rules in place for this. Usually happens within an hour of market open (1030AM EST). Some sales have longer forced buy in window, like Options. +5. The FTD data, by stock and date, are snapshots at the EOD of how many total FTDs were outstanding. You don't get to sum the days' totals to get one big total. +6. Even though they are called, "Failures to *Deliver*," the *recipients* report the FTDs for the shares they did not receive. +7. Because the *recipients* report the FTDs, it would be [fucking illegal](https://www.law.cornell.edu/uscode/text/15/2) to collude with the counterparty to stop reporting this data accurately for financial gain. Financial gain is not limited to profits. Financial gain can include mitigating losses. There are four different sets of laws that can apply here. I picked one. + +&#x200B; + +# Hear me when I say this: + +Of alllllll of the loooooong list of complaints I have about the SEC, *absolutely nothing about the early release of the data impugnes the SEC.* + +&#x200B; + +For those of you still reading - + +I don't know what the fuck is going on with the community posts, comments, and upvotes lately, but you guys have gone from wearing your critical thinking caps to going full retard in the span of *three whole days.* + +When you see bullshit rising to the top, politely call it out with facts and sources. If the FUD is getting rewarded, *report the comment to the mods*. They can see who issued awards and find patterns of behavior. + +&#x200B; + +And if you want to view the sub without the forum sliding sea of purple ring posts, [https://www.reddit.com/r/Superstonk/search/?q=-flair\_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict\_sr=1&sr\_nsfw=&sort=hot](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=&sort=hot) + +&#x200B; + +Edit: A couple examples of posts that allege this data as "manipulation" or "fraud" etc... + +[https://www.reddit.com/r/Superstonk/comments/t3n7xg/sec\_caught\_red\_handed/](https://www.reddit.com/r/Superstonk/comments/t3n7xg/sec_caught_red_handed/) + +[https://www.reddit.com/r/Superstonk/comments/t3ro6i/the\_new\_ftd\_numbers\_today\_are\_more\_proof\_that\_the/](https://www.reddit.com/r/Superstonk/comments/t3ro6i/the_new_ftd_numbers_today_are_more_proof_that_the/) +It's not the community's fault, by the way. + +Bitcoin is getting attacked in complex, sophisticated ways we will only understand fully much later. Glenn Greenwald's [latest scoop](https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/), which went largely 'unnoticed' by the corporate media, was that GCHQ/NSA use trolls to harass, intimidate, derail online communities, and destroy the lives of 'hacktivists' (i.e. tech savvy activists) the surveillance agency dislikes. + +Based on my preliminary research, the Bitcoin community is falling victim to nearly identical tactics. + +There is no need for us to point fingers at each other or give in to paranoia - in fact, that's one of the intended outcomes of online *provocateurs* in the first place. + +We are all aware, however, that some individuals have tried their best to make Bitcoin look very bad in the eyes of the public, and some members of the media have tried their damnedest to keep their viewers from ever wanting to explore the "seedy," "dangerous," "unregulated," world of the scary "bitcorn". + +My background dictates that I look very closely not only at forensics, but at motives. I see tremendous motive from vested interests around the world - governments, banks, some payment processors, investing opportunists - to attack Bitcoin now, with everything they've got. + +Again, no need to finger point, because **Bitcoin is a battle you folks win.** + +In fact, you've already won, on paper at least. Bitcoin is a much better *technology* than the credit card in your wallet or your checking account. That is fact. Your credit card is basically a private key exposed, half-assed department store financial product designed 60 years ago (actually, that's exactly what a credit card is). And your Too Big To Fail checking account is a Mt. Gox account with a better PR department. + +They can spread a lot of fear - and they are doing so - but a time will come when consumers take a sober look at cryptocurrency face to face with its "competition". And the choice is clear. This is a Pepsi Challenge you all win any day of the week, without fail. + +**Crypto is better, the only way it can be destroyed is to prevent it from gaining critical mass.** + +You have to understand - that's the motive here. + +How do you beat a technology that's clearly better, faster, cheaper than yours, in every single way? **You destroy its reputation. You peddle fear. You make something that was initially tempting scary and unwelcome.** + +If Bitcoin loses in the court of public opinion, which it is rapidly doing, Bitcoin loses. Forever. + +You can be the best accountant in the world. If your neighbors spread the rumor that you might be killing kittens in your backyard, no one will want to hire you. **A reputational loss, therefore, CAN destroy an otherwise superior product or service.** + +Cryptocurrency can survive another Mark Karpeles, or ten more if need be, but it can't survive a public that no longer has any use for it. + +The solution is first of all, to be more savvy as a community. Don't upvote every blogger's traffic hungry bullshit. Don't peddle unfounded fear yourself. Verify your information. Don't use exchange services with no track record, when there are now services operating with a decent track record, full compliance, and credible financial backers. + +**And second of all, the solution is to use Bitcoin constantly.** + +CONSTANTLY! + +That's how you will see a 100x or 1000x gain over time, if making money is your thing. + +As transaction volume scales, demand must in turn scale. And the various scarcity elements of Bitcoin will kick into overdrive once this becomes a household means of paying friends, buying products online, tipping musicians you like on Soundcloud, etc. + +Some finance and lawyer types have snuck into the Bitcoin world, and they sound like they are completely full of shit. They don't "get" Bitcoin or the tremendous changes that decentralized personal finance will bring. They just see Bitcoin as a new ETF type thing for them to make a quick 30% from and maybe some fat consulting fees or book deal. Nothing *too* wrong with that, I guess, but certainly not who you want to prop up as spokespeople for the community. They want to talk regulation all day and beg for establishment adoption. That's, again, how you get a 30% gain. Not how you get a 1,000% or 10,000% gain. + +The only spokesperson type I trust here is Andreas Antonopoulos, everything he says is pretty much a more intelligent version of what I would want to say in a similar situation. And I think even Andreas would agree the instant he starts talking shit or harming Bitcoin, you should abandon him, or anyone else who becomes a liability to the community's long-term aims. + +Huge gains will only come from true widespread adoption, not from convincing a bunch of thoroughly boring assholes to dip their hedge fund toes into the crypto pond. + +The Bitcoin community is accused of "fanaticism" by the mainstream press from time to time. + +If your product is better, if your worldview is more sane and more efficient for all stakeholders, **it's OK to be fanatical.** + +In fact, you'd better be, or those with an inferior product and superior marketing muscle will talk you right out of business. + + + +That's exactly what is happening now, with all the bullshit people in this subreddit who don't own any coin, but constantly complain, constantly accuse the rest of us of "circle jerking". + +Some of these people are idiots. Some of them are angry they missed the boat on Bitcoin's first couple big jumps. And I believe some of them are more coordinated, professional forms of manipulation. In the case of the professional manipulation, the aim isn't to troll you or me. It's to create a "negative image" around the community itself - that we're complainers, not a fun place to browse, not a fun product to use. Check their comment histories: either brand new accounts, or accounts that exclusively spread anti-Bitcoin content. You have to ask yourself what's going on. + +The solution here is probably to have more active mods. Don't be ashamed to delete and ban manipulators. Freedom of speech is sacrosanct, but it doesn't extend to a forum where users of a cryptocurrency are trying to help each other improve that currency and enhance its reach. Block them without regret - there's a difference between honest questioning or criticism of Bitcoin's "power structure" and overt, repeated manipulation. + +Anyway, I have to leave it here as I am already late for work. Hope someone enjoyed reading this. + +**update** In case it wasn't clear from the words I used, I am *not* suggesting that the government of the United States of America or the U.K. is sitting here on this subreddit, trying to take down Bitcoin. There are 193 countries on this green Earth, and quite a few of them are threatened by what crypto represents (think Russia, as merely one quick example - I don't think Russia's oligarchs are particularly opposed to crypto, but the government there is terrified of anything that could provoke a rush out of the ruble). There are also more than a few powerful money wiring services and multinational banks who feel Bitcoin is not in their interests. It takes only one of these constituent members to hire a private intel firm to completely derail most online Bitcoin discussion. Based on the latest Greenwald reporting, if the GCHQ (supposedly the best run, most professional, etc etc surveillance agency) is *with certainty* engaged in advanced online social engineering, it is very likely that similar services can be bought from contractors who have less scruples and less regulatory oversight than NSA and GCHQ operators. But these aren't theories coming from out of nowhere. Check out negative comments posted here, follow the comment histories, this stuff simply does not add up. It's not organic communication or discontent, it's orchestrated. Same with some of the Facebook accounts you see commenting right away on Bitcoin news stories, recycling the same arguments against Bitcoin word for word. +Literally his biggest dream, was to be able to say I own a full bitcoin. + + +saying I own 10% or 20% of a bitcoin was cool he said but he went to the extreme on this dip. Officially loaded himself up to the full coiner status. Something to tell the grand kids alright. + + +Greatest opportunity in a lifetime ladies and gentlemen. +Hey apes, just following up on my earlier post and wanted to share how the call went. + +It was basically an early screen that was not subject to an NDA, hence why I am sharing it with you. It's something I was genuinely interested in and I think I am qualified for, but I guess I was not selected for a follow up conversation. I've been ghosted by the recruiter since we spoke since Thanksgiving, but I know he has at least been viewing my emails due to an email tracking plugin I have. + +Some takeaways from my conversation: + +* A big thing is that they were looking for someone to be hands on and not just strategic in their ivory tower. +* It was repeatedly emphasized that there was a lot of visibility around the role. That it would interact a lot with the CTO and COO. +* There were some crypto questions to prove background knowledge and interest. +* They acknowledged that they were not trying to become the next Amazon. +* They said there was going to be a lot of experimentation, a lot of figuring things out as they went along. A timeline of 2-3 years to get it right was mentioned. +* Something peculiar... after they said the next steps would be with the CTO, I said I would love to speak with Matt. They then said that they could not confirm or deny that next steps would be with Matt. I namedropped Matt because I thought it was Matt Francis (who I quickly googled), but that response was made me think that there was potentially another person or Matt that was leading the team. + +Had I been selected to continue, the next conversation would have been with the CTO and then I believe a take home exam before meeting with more people. It sounded like the recruiter was interested in my profile and passing it along, but not sure if my background popped enough to be chosen for the CTO. An NDA was required for the next round and they mentioned signing it in advance to expedite the process in case I was selected. Nonetheless I have since received and signed another offer. + +Overall a good conversation aside from being ghosted. Happy to show mods my inbox and email headers if asked. + The total amount of investments made in the blockchain game market so far has attained the $1.03 billion mark, with $634 million coming from venture funds, and the remaining $394 million being raised at ICOs and token sales. Gaming is one of the areas where blockchain makes sense, where digital ownership makes sense, where NFT's makes sense. + +[r/VulcanForged](https://www.reddit.com/r/VulcanForged/) announced its launchpad. Vulcan aims to bring new blockchain-based games and Dapps (decentralized applications) to the ecosystem through anĀ **open invitation for up to 50 development teams and companies.** + +Article- [https://egamers.io/vulcan-game-launchpad-40k-development-fund-for-50-teams/](https://egamers.io/vulcan-game-launchpad-40k-development-fund-for-50-teams/) + +The teams will enjoy marketing and support, while a $40,000 development grant will be given in milestones. +Why sometimes price manipulation is a good thing - PoS and VeChain + + +So today we all woke up to some amazing news that VeChain has signed an exclusive deal with Chinaā€™s national tobacco government body. Surely news of this magnitude would moon any coin and yet VEN remains fairly stable at $6.00 - $7.00 while the market is on a downturn. + + +Well there is a very good reason for this and thatā€™s all great news for VeChain HODLers. +VeChain is positioning itself as next gen Ethereum, using a hybrid proof of stake solution. +In order for this to take shape the VeChain network must be comprised of a large number of Master nodes which will create the stability, consensus, hack-resistance and serve as the heart and brains of the network. +So how is all this related to the price? Well this is where it gets real interesting. + + +The VeChain marketing teams has a pretty difficult job on their hands. On one side they must announce to the world that VeChain is about to create a new economic system that will produce a residual income. On the other side allow enough individuals to jump in so they can have mass adoption of master nodes which will create the magic of consensus. + + +Let me explain, the current price of VEN is amazingly undervalues at $6.00 and so many of us are trying to accumulate at least 10,000 VEN to be able to reach the first level of Master node (10000 VEN needed). From recents calculations Thor (Gas) will have a ROI of at least 20-25% and thatā€™s something everyone wants, to be able to run a PC at home and have it produce for you high ROI, isnā€™t that the ultimate dream? (i.e.: mining for large rewards with a low end CPU). +Now imagine if the price jumped to $100 today, how many people could afford to spend $1,000,000.00 for first level Master node? Well not many. +Going back to VeChain marketing, on one hand they have to convey to the world the master plan and share the amazing partnerships to create HOLDers, people who truly believe in proof of stake, in VeChain and are willing to put their life savings on the lines for years to come to create residual income. At the same time they must keep the price low (via Whales) so they can produce as many HOLDers as possible and make the future VeChain network resilient and fast. + + +Proof of work is the ultimate peer to peer blockchain as it allows super fast transactions (think centralized Visa) but at the same time be governed by everyone and owned by no one. +(we all saw what happened with Crypto Kitties on the Ethereum network, simply not scalableā€¦ yet) +So what should you take from all this? + + +VeChain is not just another Crypto company, they will revolutionize blockchain technology and global economics through enterprise adoption in the years to come. + +Some of you are evaluating tokens by current market cap or price (not fundamental). Well with VeChain the entire formula is flipped on its head. VeChain is keeping the price down to create true HODLers and in so build a free, open blockchain that will revolutionize our lives in the years to come. +One of the side benefits of investing in VeChain as that IMHO it will be crash proof to any bubbles in the crypto market (again by positioning itself as a long investment). + + +I do fully expect that VeChain will have initially a slower steady growth due to price manipulation (well if you can call x10 in a year slow :) but will ultimately achieve enough Master node HODLers and floodgates will be open. +And just to conclude my point, which blockchain company do you know would release such enormous news at Sunday morning on a long Martin luther king weekend... when no one in the US is trading (I know US only :)? + +Well a company that wants the secret to be out and still remain a secret =D + +So donā€™t take my advice, this is my personal opinion and not financial advice + + +Have a great weekend everyone. + + +Found this out the hard way today when they took from an empty bank account and I got return of payment fee. They owed me a credit of -600 dollars. The automatic payments I had set up were for 50 dollars a month flat rate. For some reason I assumed when the balance hit 0 they stopped. I was wrong. Even with a negative balance on the credit card (so they owed me money) it continued to be taken from my checking account. +I know this is a clichĆ© question, but considering that inflation is quite high and that [a recession appears to be on the horizon](https://www.ft.com/content/53fcbbf1-39e3-483c-a6f2-b0de432ed5a3) would it be wise to invest one's life savings (considering they won't be needed at least for 10 years) into a world index fund like VWCE (\~-13% YTD), or is it better to hold it as cash for the moment? Is not investing it right now a form of trying to time the market, or is there any rationale behind it? + +I'm just overall pretty confused, so apologies if the question doesn't make any sense. +I moved from India to Germany in mid-2017 and have saved some in Germany. I have around EUR 80K invested in stocks via a EU broker and have another EUR 75K in a Tagesgeldkonto (0.01% interest). Apart for some emergency fund, which I will probably keep in the Tagesgeldkonto, I would like to invest this money (around EUR 65K). + +Apart from these savings, I have savings in India as well and I continue to invest in Mutual Funds in India (approx. EUR 500 per month). I have my insurances sorted out (life and health insurance in India) and don't see a pressing need to dip into my savings. + +I have a Permanent Residency in Germany; hence, have been considering maybe buying an apartment (either for self-use or for renting out). I would like to hear if there are other investment avenues that I should be considering. +We are a small team of personal finance enthusiasts. We are working on personal finance application and gathering users feedback to build a product that meet their needs. We are currently working on defining the categorization feature and how it should work. We would love you hear your feedback. + +A. How do you categorize your daily expenses? * +(When analyzing your expenses, how much granular approach do you take?) + +a. I do single level categorization. For example - Food, Transportation, Health etc +b. I do 2-level categorization. For example Food/Groceries, Food/Restaurants, Transportation/Public Transit, Transportation/Taxis +c. I do both single-level and 2-level categorization + +B. Would you like to create your own categories? * +a. Yes, I want to have my own categories. +b. No, I am fine with the options provided by the app + +If you prefer a form, here it is [https://docs.google.com/forms/d/e/1FAIpQLSfXKMrXjuolKxvsl-7J5vNQCXPAFI25ZLOP4C4jyrYuCmc_Dg/viewform](https://docs.google.com/forms/d/e/1FAIpQLSfXKMrXjuolKxvsl-7J5vNQCXPAFI25ZLOP4C4jyrYuCmc_Dg/viewform) + +Thank you for your participation +Hi, + +iĀ“ve collected some ā‚¬ via crypto and iĀ“m thinking about investing it in ETF for a long time investment. + +So, here is the question. + +Is there any ETF for nuclear energy (fusion) that i could take a look at? + +I know many projects in this field (like the ITER in France or General Fusion, the one that Bezos loves) but i donĀ“t know if there is a way to invest in them (iĀ“m talking about small ammounts). + +Thanks in advance! +just wandering if there are some tax advantage investments for Czech Rep residents ? i mean something like 401K for USA or ira, etc. + +Im on Degiro, mintos and little bit housers( mistake for me ) little bit on fastinvest(i think that they are scamming ppl ? i cannot get any money back from them..) but neither of these investments offers tax advantage investing. (or tax free) +(i will have to pay around 20% for taxes next year i think, never done this before) + +my question: are there any tax advantage investments for czech residents and if somebody has a little bit of time and knows something about tax payments for investment/stock i would appreciate some tips or procedure of paying taxes from stocks-mainly degiro and mintos +While this seems stupid at first, as you would pay transaction fees and spread, it means that you would realize all the losses incurred due to the current recession. In most countries losses are tax deductible, which could save you more than you spend and essentially give you free money. + +What do you guys think? +We are a small team of personal finance enthusiasts. We are working on personal finance application and gathering users feedback to build a product that meet their needs. We are currently working on defining the categorization feature and how it should work. We would love you hear your feedback. + +A. How do you categorize your daily expenses? * +(When analyzing your expenses, how much granular approach do you take?) + +a. I do single level categorization. For example - Food, Transportation, Health etc +b. I do 2-level categorization. For example Food/Groceries, Food/Restaurants, Transportation/Public Transit, Transportation/Taxis +c. I do both single-level and 2-level categorization + +B. Would you like to create your own categories? * +a. Yes, I want to have my own categories. +b. No, I am fine with the options provided by the app + +If you prefer a form, here it is [https://docs.google.com/forms/d/e/1FAIpQLSfXKMrXjuolKxvsl-7J5vNQCXPAFI25ZLOP4C4jyrYuCmc_Dg/viewform](https://docs.google.com/forms/d/e/1FAIpQLSfXKMrXjuolKxvsl-7J5vNQCXPAFI25ZLOP4C4jyrYuCmc_Dg/viewform) + +Thank you for your participation +This poll is made for entertainment purposes. I tried to add pan-European or European expanding brokers. + +Make your choice (comment for other) + +[View Poll](https://www.reddit.com/poll/rotxvj) +Cryptocurrency taxes in Germany + +Hello everyone ! +I am in need for informations concerning cryptocurrency taxes in Germany please. + +I know that if i hold bitcoin for more than a year, i won't have to pay taxes, is this applicable to all cryptocurrencies ? or exclusively to bitcoin? + +Even more, how am i taxed in case of lost or found bitcoin (or other cryptocurrencies) and in case i receive or send cryptocurrencies to family members not living in germany ? Do i pay taxes when i receive ? or send ? when i receive and hold for more than a year ? when i send after holding for a year ? + +How do i declare all of these cases ? + +Any articles or suggestions are very welcomed, thank you guys so much ! +I'm currently 80/20 invested into EUNL+IS3N with roughly 200000EUR but have been considering to move all of those funds into VWCE for the sake of simplicity to not think about rebalancing as the performance seems to be roughly the same and the higher TER doesn't bother me too much. + +Browsing older topics there doesn't seem to be any real reason why people prefer EUNL+IS3N other than it being older, larger and giving them more control over rebalancing. If the rebalancing part doesn't matter to me, is there any real downside to going 100% VWCE? Since it's managed by Vanguard I don't think it'll just randomly crash and disappear, even when/if the next recession hits and some people panic sell. + +TLDR: Are there any real downsides of being 100% VWCE instead of 80/20 EUNL+IS3N if I'm investing for the next 40 years? +This is a follow up thread on this [this](https://www.reddit.com/r/eupersonalfinance/comments/zlhal5/is_euro_the_safestmost_stable_currency_in_europe/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button), where a lot of people are suggesting and are comfortable with the idea that savings should be invested in the stock market rather than depreciate by staying in a bank account. + + +I've posted similar questions couple of times before, asking for advice on how to invest and if this is a safe way to hold money.I got valuable responses but still, as someone that comes from a family that never invested, I cannot see myself doing it. + +I have this fear that essentialy I am blowing my money in the air by investing. +It just seems too risky. +And Ive never gone through the proccess in the past. + +(I literally dont even know how would I withdraw money from the stock market in case I need it.Is the liquidity considered the same as bank account savings?) + +As opposed to bank savings, where from a young age I got a taste of the security and trust that you get with bank savings, knowing that I am essentially two blocks away from my money.(Drive to the bank, check my balance, withdraw amount from the ATM) + +Another problem is that there is always going to be some arguing in the opinions I get, always someone is presenting the option X as the 100% only safe option to put my money in, only for the following commentor to disregard this opiniom as too risky etc. + +I am sorry if this looks like a rant.I would love to hear your advice. +I've been reading a lot of posts on this sub recently to get some new views on how to allocate my savings. The thing I noticed is that everyone here is recommending to invest in VWCE and even to put all money into it. I know that it's basically covering almost the whole marker, so it's pretty safe for long-term investing. The question is, are there any risks due to choosing only one ETF? (like ETF closing and loosing all the money in it etc) +Im an 30 year old Non EU citizen who resides and works in Italy. I have recently opened an account with Degiro with the idea of investing around 100ā‚¬ a month in ETFs for a horizon of 20 years. Which etfs should i go for and how should I split my investments. +Assume you have a 100k portfolio with VWCE on IBKR to which you regularly contribute as recommended on this sub, what is the most tax-effective way to withdraw cash on margin (which is disabled for EU customers on IBKR)? + +I currently short a USD-denoted stock (assume for 10k), then convert the USD to EUR, withdraw the EUR, and close the short, which leaves a negative USD balance. The issue with this approach is that if you want to withdraw another 5k on top, you have to sell 15k of USD-denoted stock to make the USD balance positive again, convert to EUR, etc., on which you have to pay transactions costs in addition to having forex exposure. + +An alternative I've been looking into would be to not work with any foreign currencies but instead short a stable EUR stock, for example, [ENRE](https://finance.yahoo.com/quote/ERNE.L/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKMMZ_aqPeic891T7Sgv51mhc2NEyVm2Y7yAEMjU1T7dWPN26XcAHcXrLW1szB0JrRUqx2gS6jGX8xj4uBYMEkoo0m9R3hQxOp7NbEEyCvHmycDVaRpZiPDHx57HjMA3RpMk1m3ns-L-DxZe34d8z5kl8RlZPsV68uzViZ1BZ0JK) (a very stable ultrashort bond ETF), withdraw the EUR, and just keep the short open indefinitely. This way you only have transaction costs once, do not have forex exposure, etc. The drawback here is the variable cost for borrowing the stock, which varies between 2-3% at the moment, and the potential fluctuation of the stock price, though this seems to be limited to around 1% per year. + +Does this make sense? I have not seen this approach anywhere, so have the feeling there is something I'm missing :-) + +Another option could be to sell 5k worth of VWCE, transfer the proceeds, and then buy back the stock on margin, leaving a negative EUR balance. Though this implies that, over time, a large part of the portfolio would've been bought directly on margin, which will probably not be appreciated by the tax man in Belgium. (Speculative trades are subject to capital gains taxes) + +Thanks and happy holidays! +**Context** + +Belgian, 27M, with my SO for 7 years (28F). Combined net revenue of 4400ā‚¬ (*13.92 months, common in Belgium) + +We're currently looking to buy a house, but I somehow feel cautious about spending that much money. I think I'm well in charge of my finances, and track my spending/saving since I started working. +Houses in our area are around 300kā‚¬ on the cheap end, 250kā‚¬ if you're willing to throw 50-80kā‚¬ renovating them. + +**Financial situation** + +I have a 50kā‚¬ stash (+EM) that I saved in the past 4 years, but this money wouldn't even be used to partially pay the house, as this would only pay for the transaction costs (very very high in Belgium, about 15% of the house price). +My girlfriend just has her emergy fund, so we won't touch that money. +We thus would need to get a loan for 300kā‚¬. + +The mortgage would cost us ~1650ā‚¬/month over 20 years (1520ā‚¬ for the mortgage only, but 1650ā‚¬ with the costs related to owning a house), while we are currently paying 850ā‚¬ for our current flat. + +This increase is pretty steep to me (+400ā‚¬ per person), and it somehow scares me. It represents 37% of our current revenue. + +On the other hand, I'm currently able to save ~1-1.2kā‚¬ per month, and my gf ~500ā‚¬. That means that the cost increase due to the mortgage would be bearable. We both have company cars, paid phones, internet, etc. so we don't need much money to live. + +Should I be worried about making this big purchase? Should I go for it? +I'm a bit in the dark here. Any advice or feedback is welcome. Thanks! + +Hello everyone, + +I was holder of VVAL (Vanguard Global Value Factor Fund) but the fund got liquidated recently. I know it was announced, and I could have probably sold before it happened, but now it is too late. + +I see on my interactive broker account the position is there, But I cannot sell nor do anything with it. I read on the internet, that I should get the proceeds of the liquidation at some point, but I could not find any information about how long it usually takes. + +My question would be: + +1. Do I need to do anything to get my money back ? +2. How long does it usually take until I can get my money back +3. Is the fund, at this exact moment still invested with the assets, or is it sitting on a pile of cash doing nothing till investors are paid back ? + +Thank you ! + +**EDIT 12-03-2021**: + +It is here ! I got my balance refunded with about the same as the closing balance I had on the 24th of February when they delisted the thing. Looks to me they sat on some cash for a few weeks to me cause no gains was made, while SCV and other value etf went straight up. I did not have anything to do to have it done. The cash appeared between 4 to 6 pm on March 12th, so one day after the "supposed" settlement date. Kind of weird to me how it all works but hey happy ending for me :). Now I am hoping will be a happy ending as well for all the people who are still waiting in fear, but hopefully everyone can get their cash back and continue growing their capital ! + +**EDIT 11-03-2021:** + +As of now the situation has not changed, I just got a notification from IB which disapeared since then about a "Merger" of the underlying fund, which is not quite the same than a liquidation. I am hoping IB acknowledges the receipt of cash very soon :) + +# corporate action notification from IB in my message center: + +***Summary:*** *Pending Merger VGVL@FWB2****IBCS 2021/03/06 22:27:20****VGVL@FWB2 (Name: VANG GLBLVAL USDA) is the subject of an announced merger effective 20210311.* + +*ISIN : IE00BYYR0B57* + +*Please note, allocation from either a voluntary or mandatory merger offer will be made upon receipt from the Depository / Clearing House.* + +*Please click here (* [*LINK../1619*](https://ibkr.info/node/1619) *) for information regarding IBKR's corporate action notification process.* + +*Please click here (* [*LINK../1063*](https://ibkr.info/node/1063) *) for important disclosure information.* +Hi all! Iā€™d like to have catered advice on how to intelligently invest my money based on my profile. + +**INTRO** + +Hereā€™s the situation: since I was a kid, I saved up all the money I could get my hands on (birthdays, Christmas, and eventually summer jobs), and now in my 20s I have a total net worth of about 20K sitting in two different accounts (one in the UK \[Ā£6K\], and one in France \[ā‚¬14K\]). + +My UK account is my main one, covering all my current expenditures; whereas my account in France is just collecting dust. As a result, I want to use this money efficiently and am hoping to grow my wealth, but have no experience/knowledge as to how to approach this. + +**SPENDINGS** + +I have an approximate spending of -Ā£673.5 per month (\[-Ā£300\] in costs of living and \[-Ā£373.50\] in rent/bills). Based on my needs, this is the cheapest price for rent I could find in my city, and this is my optimal costs of living expenditures (although I could potentially cut further down to \[-Ā£250\] if I abstained from night-outs). + +**INCOME** + +I currently obtained a summer job that will bring me about \[Ā£1125\] per month (or \[Ā£4500\] in the next 4 months). Subtracting my monthly spending, this leaves me with a net income of Ā£451.5 per month (or Ā£1806 in the next four months). + +**THE PLAN?** + +\- My initial thoughts were to invest a big bulk of those ā‚¬14K (maybe 10K, and keep the remaining 4K as emergency fund) into something (stocks ? what sort? something else?). + +\- How should I use the net income Iā€™ll obtain in the summer? + +**ADDITIONAL INFO** + +* Iā€™m full solo, my parents wonā€™t support me. +* Iā€™m currently residing in the UK and will stay here a few more years. +* Iā€™m about to finish a useless Arts & Humanities degree (on the plus side, 'got a bursary, 'am paying zero tuition fees for it). +* I donā€™t have a car, am not planning on buying one. +* I have no student debts whatsoever. + +Please abstain from troll comments or "this is reddit, donā€™t take advice from strangers" remark; only want (constructive) advice. + +EDIT: typo +hey all, money in the bank and i keep hearing ray dalio say 'cash is trash'. just wanting some insight on what to do with home deposit level cash during periods of inflation. + +thanks +Hello Reddit. + +As of yesterday (04/09/16), my parents kicked me out of my home, all i have in my possession is my rucksack, which contains my work clothes, including shoes, a couple t-shirts, and a Bose Soundlink Mini which, due to my current situation im considering selling. + +Returning home is not an option. + +As my financial situation currently stands, i have Ā£175.00 in my instant account and Ā£290 in savings. My payday is the 25th, i realise now i should not have spent so frivolously this month, but i was not aware this was going to happen. + +I've been looking for rooms to rent around the area, and the cheapest i can find is Ā£400p/m. Last night i stayed at a friends house but, it doesn't seem likely that i can stay there for more than a couple days. + +I've spoken to housing shelters and 'open door' shelters, but they require a meeting prior to arranging anything during my working hours (from 12 - 3pm) and i work 9-5:30 in a neighbouring town. + +I need advice, what do i do, should i tell my Boss? A coworker of my has reddit and knows of this account, so i guess that cat may be out the bag in that retrospect. + +Do you have any recommendations? + +EDIT: First off, thank you all for your kind advice, I've been in contact with my council, and they've informed me that due to me being over 18 and having employment, i'm not their 'priority' so they've told me to look for a room to rent, tell the landlord that i'm eligible for housing benefits of up to (i think she said Ā£75p/w), and go from there. I still haven't spoken to my boss, but i finish in a couple hours, and plan on telling him today so i can get time off tomorrow. + +EDIT2: I work in Watford. + +EDIT3: I've called Open Door in my hometown, i have to go speak to them tomorrow at 2pm, for a referral, from then i'll be placed on a waiting list. + +EDIT3: i just spoke to my boss, he didn't seem best pleased to be honest but he gave me tomorrow off so that I can try and set myself up. + +EDIT4: Wow so i wasn't expecting this to blow up so much, thank you to everyone a million times over, all of your advice has helped a great deal. Im meeting with Watford YMCA today, the Open Door and i'm going to go speak with the council. +Don't let the good ratings of some coins you dislike distract you from the fact that **ETH tied for the highest awarded rating on this report.** It is in a class almost by itself, with only EOS earning the same rating of "B". ADA and NEO earned "B-", and everything else was below that. I think they dramatically overrated those other three, by the way, especially since some lack functioning blockchains. + +And to be clear, I don't trust ratings agencies *at all* for my own investments. Just look at what happened with [one of the most venerated names in the space during the subprime crisis.](http://fortune.com/2015/07/23/moodys-subprime-mortgage-bonds/) + +Many of the ratings Weiss issued don't make much sense to me, reflecting an inaccurate understanding of the market by Weiss. We all knew that ratings agencies would probably suck at this anyway. They tend to also suck at doing this for the stock market. + +But let's see how the secondary media coverage on this evolves. I expect it will be quite positive for ETH- especially since it scored a *much* higher rating than BTC, with a "C+". The broader narrative from their ratings is quite clear: **smart contract platforms and coins with real utility are the future.** This report is drawing a line in the sand that will could reverberate across the mainstream investment community. + +Those of us in the know already realize that there is only one blockchain in existence with the security that is needed for high-value smart contract applications. I personally believe that Delegated Proof of Stake (DPoS) chains will *never* be able to compete with that, making desperate tradeoffs at the core protocol layer. [And don't trust anyone that says they have fully solved scaling.](https://medium.com/loom-network/scalability-tradeoffs-why-the-ethereum-killer-hasnt-arrived-yet-8f60a88e46c0) Personally, I quite like ETH's chances at scaling- with Proof of Stake, Plasma, and Sharding on the horizon. ETH also has a development community that is many times the size of that of EOS, ADA, and NEO combined. Some even say that ETH has achieved or is on the cusp of achieving [protocol super-dominance via entrenched network effects.](https://www.youtube.com/watch?v=hVBi8rVkQms&t=) + +The reality is that clueless newbies looking for any form of "authoritative" guidance are pumping tons of money into this market, and many will heed the guidance in this report as yet another data point on why ETH is a good investment- especially versus coins with limited "store of value" narratives. + +***And besides, when they get onto an exchange for the first time, none of them will be able to buy EOS with fiat.*** + +EOS will likely never challenge ETH in real life security and utility, especially when ETH demonstrates *any form* of scaling (possibly before EOS even releases on main net). +And it feels good. + +I believe is the use cases for ether. +I see that it has a future as a currency and so much more +The fact that there is a huge number of ALTs based on it backs this up. + + +Bitcoin/Bcash is too bitchy, and doesn't do anything that Ether can't do better. + +Hope I made the right choice :) +I found this sub by accident one night when I couldn't sleep. + +I don't have enough cash to really get into ETH but that's ok. The positive energy from this sub has inspired me to pursue success. + +My background on my phone is a pic of the moon now lol. + +May sound silly but I feel our collective success and even if ETH were to crash I am going to push forward no matter the obstacles. + +I thank you all from the bottom of my heart for your positive energy and shitposts. +And it feels good. + +I believe is the use cases for ether. +I see that it has a future as a currency and so much more +The fact that there is a huge number of ALTs based on it backs this up. + + +Bitcoin/Bcash is too bitchy, and doesn't do anything that Ether can't do better. + +Hope I made the right choice :) +I am going to assume that there are people in this subreddit that have extensive investment experience, but the bulk of the participants are relatively new and/or young. With that said, I would like to present some warning signs about the current ICO landscape. + +Where there is money to be made, you will find people looking to scam, defraud or simply make as much money as possible (to the detriment of others). Its a function of humanity's greed and a capitalistic society. + +That may seem obvious, but when you get into a scene that is as unregulated and potentially anonymous as crypto, you create a perfect storm for big time scams. + +Ethereum brings with it one of the most incredible opportunities: + +**Investing in start up companies as a venture capitalist would.** + +This is amazing, but I fear people are going to get punched in the nose very soon. + +VCs will rarely invest money into an idea. They want to see either a reputable team with previous success, or more often, a viable product/service. They do not hand over millions of dollars because someone gave them a cool PDF with a bunch of buzzwords to read. Even then, only a fraction of start ups would ever receive over $10 million in the first go, with basically no stipulations. + +The current expectation for an ICO is: + +1. Good looking website +2. Flashy video +3. [insert color] paper +4. A few people being active on social media + +This is extremely easy to do with a budget under $20,000, and with very minimal investment you could hire a handful of social media professionals to shape the entire message of the public. + +What adds to the issue is none of these are expected to deliver anything for potentially years. That means there is time for potentially thousands of these "companies" to pop of and grab some money for basically nothing. + +There will be a few winners in the next year or so, and those will grab headlines. That being said, most will fail. Worse, many will never even plan on delivering anything. + +Eventually, the smart money will come in and be investing in viable ICOs. They will be ones that have proof of concept, active services, etc. In the mean time, a lot of you are going to lose your shorts chasing get-rich-quick dreams. + +Here are tips from a random internet stranger: + +1. If the founders haven't put their own time and money into this to get something going already, neither should you. +2. Don't touch an idea. Ideas are worthless. Execution is what matters. +3. Don't get your buying advice from reddit and other social media outlets. It is trivial to control a narrative in such a small niche. + +Good luck! +I've been here a while and I've started to see a trend in people just upright being disrespectful to the newer guys. Always responding with this infamous "stonks go up." I thought this reddit was for discussion. People get mad because someone asks for advice on their portfolio. Saying, "you shouldn't invest you're so emotional." Or my all time favorite is making fun of those investing in Nikola or Hertz. + +Help each other out. Don't understand why some people are here if they only want to degrade others. Actually funny enough is I second guess commenting or posting because I don't want to deal with all the negative people. + +If someone says, "how's the stock market look tomorrow." How about a response like, well what is your portfolio looking like, well looks like that specific company is signing a 24b contract with the Pentagon. + +Be helpful guys and gals. It's not that hard. +Any early adopters that weathered 2008 and early covid? + +If youā€™ve been bitten by it what happened and how bad was it? + +I was listening to some of the earlier Rational Reminder episodes on the SM. The biggest issues Iā€™ve seen highlighted as Iā€™m teaching myself about it are cash flow, investor behaviour, potential changes to tax code, and itā€™s a callable debt. Thereā€™s other issues like bad administration (Eg mishandling of roc, mixed usage of LOC, etc). + +Cash flow it sounds like the answer is recapitalisation. + +Investor behaviour sounds like the answer is diversify and hold. Think the exact quote was ā€œif markets donā€™t recover weā€™re all looking for a caveā€. + +Changes to tax code sounds like well it sucks but it only accounts for 1/3 the benefit. + +Callable debt seems like it could be an issue if you end up on long-term disability and are struggling to make payments. + +If you had a bad experience executing SM what caused you problems? + +Edit: experience not experiment + +Edit 2: added callable debt +My wife and I have been putting $50/month into TFSAs for our two children (now 14 and 18) since the day they were born. The intent was that they could use it for college. The 18 year old has 20K and the 14 year old has 17K. What advice should we be giving them about how to manage this money as they become adults? Use it for school? Allow for travel? Buy a house? Don't touch it? Thanks in advance. + +EDIT: So, apparently I have been using the wrong language. We have been putting money into ITFAs = In Trust For Accounts....not TFSAs. +I'm a 20 year old university student with around 20,000 saved up from working at a grocery over the last 6 years. I pay for my own tuition, car expenses (insurance and gas), and 150$ rent a month to my parents as my major expenses.i get about 315$ weekly and put around 60$ a week into ETFs and stocks (3800$ invested so far). + +During school I work 18 hours per week at 18.85$/hour, I work two jobs (full time grocery store, part time coaching) during summers and average about 60 hours per week. + +I know I'm probably not in any position right now to be looking at buying rental properties but my curiosity is getting the best of me so I thought I would ask. + +THE REAL QUESTION: +Realistically, how much money would I need to invest to start owning a rental property in Calgary? Its a goal id like to eventually work up to, I believe it would be a good source of cash flow as well as a way to diversify some of my future investments. Have a relative close amount in my head can really give me a goal to start working towards. + +Also any resources to learn more about this type of stuff would be very much appreciated! + +Thanks for the info! +My name has 21 letters so they abbreviated my first name down to its first initial only which has led to multiple unapproved doctors appointments. + +I've been directed back to my employer's Benefits Centers, back to Blue Cross Hotline and repeat. I've been mailed dozens of new cards. All written the same. I've been told my eyes are deceiving me and that my new cards do indeed have the correct spelling because their system shows my entire first name written out. But for the 100th time, its not on my ID Card + +A friend said that my situation may mean I'm within my rights to cancel my policy (I wouldnt mind) since having the correct name on the card is pretty important. I've kept records of all cancelled doctor's appointments and denials of coverage (I've gotten 2 bills for copay due to this issue) + +Can I escalate this to a government entity for insurance rights? Whether my entire name can fit is irrelevant. I shouldve been told in advance if thats the case +I've been trying to figure out what to do for over a year and I could really do with some advice (I am shockingly bad with money and have an anxiety disorder. ) + +So background. + +30yrs old. Single. Current salary is 19k. Although with overtime and night shifts, it's more like 23k. + +Car is a September 2016 Polo with 26,000 miles. I've had it since May 2017, it was an ex-demo with 5k on the clock. +It's on a 4 year PCP with monthly payments of Ā£187 and about 10% APR (I can't find my paperwork) + +I'm pretty sure the final purchase option is Ā£4,500. (Again, can't find the paperwork, I will be ringing the finance company later today to check) + +I also have a personal loan due to clearing down overdrafts, credit cards and vets bills. + +So personal loan still had 2 grand left to pay and it's Ā£116 per month, 14.89% APR and final repayment date is April 2022. Loan is with Santander which my current account is also with. + +Current essential bills including car, loan, rent etc come to Ā£950pcm. My basic take home pay is Ā£1250 per month but recently, as I've only been working nights, it's been around Ā£1600. However, I can't guarantee that because it depends on who is doing the off-duty. I can usually be sure of at least Ā£1400. + +I don't know what to do about my car. + +I hate monthly payments and I want to be debt free so badly. + +So I could just walk away from the car in May and try to scrape together enough money to buy an old banger. But then that could come with a whole host of problems and I could end up spending more keeping it on the road. + +My family think I should get a newer car on PCP because then I won't have to worry about repairs and maintenance etc. + +My dealership said I could contact the financing department and ask to do a hire purchase on the final payment. It would be at the same APR I'm currently on. + +Or I see if I can get a personal loan of Ā£6500 with an APR of less than 10% to purchase the car and clear current loan as well. +I think I have a good chance of getting less than 10% APR as my credit rating has improved loads since I took out the loan 3 years ago and my salary back then was under 15k. + + +I think that the personal loan is the most sensible option, but it terrifies me. In 2018 I was made redundant and it was horrific enough even though I was still living at home. Now that I've moved out and have my own place, the thought of having a loan for another 3-5 years makes me feel sick. The likelihood of me losing this job is very slim (NHS) but it could happen. +At least with the hire purchase, I know I can hand the car back in and just walk away. + +The other thing is, I don't know if 4.5 grand for a 5 year old Polo is a good deal. The pros are that it will probably only have about 30k mileage and I've had it pretty much from new so I know exactly how it's been maintained and as far as I'm aware there are no issues with it (it's having its MOT today) + +So I could get the personal loan but buy a cheaper car. Pros, the loan will be less (I know about taking out larger loans for the smaller APR and then paying back a large chunk immediately) but the cons are the upkeep costs. + +I really have no idea what to do. Please help? And thanks for reading, you're awesome. +Hi all, + +Iā€™m currently in the process of buying a leasehold property but we have hit a bump in the road with the increase of ground rent. + +Our solicitor has advised on some solutions but I still donā€™t really understand what theyā€™re on about. + +Our ground rent in the lease is currently set out like this: +Ā£150 for the first 25 years, +Ā£300 for the following 25 years, +Ā£450 for the following 25 years, +Ā£600 for the following 25 years, +Ā£750 for the remainder of the lease + +The property was built in 1996 so I guess this means that as of 2021 our ground rent will increase to Ā£300 which is fine and more than affordable. + +Our solicitor has claimed that in order to proceed we will either need a deed of variation or a indemnity act? + +Does anyone know the issue with this as it really doesnā€™t make sense to me. + +Thank you +Personally, I think a lot of it is just that no one knows who this sub is really for. Is it for indexers to talk about John Bogle? Is it for value guys to discuss fundamental analysis? Is it a place to help newbies plan their 401K? + +It seems like the scope might be too broad, and taking steps to narrow it might dramatically improve discussion. + +What else might we do? +To be clear not just us as in Superstonk, but retail investors as a whole. By now weā€™ve all seen the article about ā€œretail investors not behaving as they normally wouldā€. GME, Memestocks, Cript0 etc.. all the bad short positions Wallstreet made havenā€™t panned out as they hoped. + + +A market crash is what gives them the chance to breathe. This is the moment they normally reap the rewards from theft and reset themselves from a neutral position in cash. + + +You canā€™t do that if people arenā€™t selling. Short selling is a time dependent, multipart transaction and your short positions should ā€œblend in the crowdā€ of sales but you shouldnā€™t ā€œmake up the crowdā€. If everyone chooses to be a ā€œbagholderā€ and the company isnā€™t run badly you are trapped. + + +When was the last time you experienced a market crash that had months of warning? Were your parents warned in 2008? Were you even warned in the dip we had in 2020? + + +They need the fear of the event to cause the event. But now theyā€™ve tested the market to see the reaction and theyā€™ve found diamond hands in every investments no matter how brilliant or stupid. They will try again, more aggressively. If and when retail refuses to sell, the stock market will normalize yet again. Weā€™re winning. + + +WAGMI and I really do mean, all of us. +I see a lot of suggestions for saving money on XYZ but I donā€™t think we ever really talk about what are the best ways to add additional revenue streams to a persons life. Does anyone know of normal things a person can do to add more income to their life? (Hopefully besides ā€œget a new jobā€) + +I figured Iā€™d ask because you can only save/invest what you are already earning. My parents never took the time to teach us about how you could make money outside of a job/career. +I graduated in 2015 with a degree in Econ. I had two internships that didnā€™t go anywhere and a contract job looking at images for google. As of now the only income I have is from driving for Lyft while I look for a career as a dev. + +I went to a coding bootcamp and Iā€™ve been trying to find work as a developer but I havenā€™t been landing anything paid other than equity only positions. Iā€™m 25 turning 26 soon so goodbye parents health insurance. + +I donā€™t really know what to do. I donā€™t have any debt for the degree or the coding bootcamp so my effective net worth is about $100 on any given day. + +I canā€™t explain it but I feel like Iā€™m running out of time to get it together. I have a startup that wants me to work for them for 6 months for equity but that doesnā€™t really help my current situation and Iā€™m not sure if I should take it. I want a stable career. + +How screwed am I? Iā€™ve been suggested to go work on a cruise ship, work in retail, or to try and be a bartender while I look for a career. +I swore I'd never post on this site again but the last few weeks made me realize something. + +Wut realize, you ask? + +Fuk the hedgies, fuk the MM's, fuk the prime brokers, fuk the financial news media. I'm not fuking leaving. They're leaving. I'm not. That's what I realized. + +Real quick DD here for all you apes who wonder WTF happened today, it's pretty simple. It was both another can kick down the road, and the counterfeit share printer went brrrrrrrrrr... + +I don't give a damn if you love options, hate options, know nothing about options, or you are an expert on options. Options ARE irrelevant in the case of GME, except for the fact that they represent a legal contract (LMAYO!!!) that you must either ship shares to another trader, or another trader must ship shares to you. This assumes that there's laws. GME continually shows that there's no such thing as securities laws for MM's and Prime Brokers. + +For you noobs, MM stands for what you think MM stands for: Middleman Manipulator. + +(For the record: My opinion is DRS is the ONLY sure-fire way to FORCE REAL PRICE DISCOVERY but I'm not even sure if that's true because the fraud was so transparent today.) + +Let's look at the GME Apr 1 Options Expiry, shall we? + +Current Call Contracts expiring Apr 1 ITM: 21,887 + +Current Call Contracts expiring Apr 1 NTM (Strike 180-205): 16,333 + +Current Call Contracts expiring Apr 1 OTM (Strike 210-420.69): 40,485 + +Okay some words, okay some numbers, okay wut mean? + +It means that today showed me that MM's are over-leveraged and unhedged on their GME positioning. They don't need to hedge when they (not supply/demand) can dictate price. + +&#x200B; + +[MM's, like Tom Cruise in Top Gun, are writing checks their body can't cash!](https://preview.redd.it/f1v6mu86heq81.png?width=1558&format=png&auto=webp&s=5d5d608bec2ce5be5a125734f8555f4431189809) + +Total number of shares deliverable if all call contracts (100 shares per contract) are executed: + +ITM: 2,188,700 + +NTM: 1,633,300 (in particular, the 200 strike alone 829,200) + +OTM: 4,048,500 + +Total: 7,870,500 (over 10% of all GME shares outstanding) + +MM's drew a line in the sand at $200 today. Had to, because they're unhedged as fuk and they know it! RIP Dumbasses! If contracts above $200 ***could*** be exercised, then Marge's gon call. Oh yeah! She definitely gon call. + +And if she does that, the likelihood she triggers MOASS goes much higher. + +So what do you do to make sure that the psycho named Marge don't call you? + +Why, you slam the bid at $199.41 of course, then halt trading, and make counterfeit share printer go brrrrrrrrrrr (to cover all of those 150's from last week) ... lo and behold you have "created" a $160-$180ish stock for the rest of the trading day and Marge gets a wrong number even on a day where millions of shares need to be delivered due to the previous week's ITM options being exercised. + +What I expect going forward is that FTDs are going to skyrocket. + +Not that MMs are going to care about that. SEC & CFTC are asleep at the wheel while whining they don't have resources and are soliciting donations for coffee. + +And if Finra "fines" them? They'll laugh and not pay, per the usual. + +Buy, DRS, and put an end to the endless liquidity BULLSCHITT that MMs think they're entitled to do. + +EDITS: Grammar, Spelling +Fiancee and I have to finance our own wedding. We will have about 8k saved up by December to spend on it. We've already budgeted separately for the ring, so the 8k is for everything else: dress, venue, food, photographer, entertainment, etc. We'd both like a bigger wedding, 8k is really tight. + +I have savings. She does not want me to pull from savings, fearing we would be hurting our future selves. I'm of the opinion that this is what savings are for--the big things in life. + +My savings: + +I put 12k into a Vanguard Roth IRA account over the past 2 years. Didn't contribute the 6k this year yet (and not sure I should with the market being what it is). It's currently down to 10k (2k net loss). I would draw from this for the wedding. + +I also have about 40k in a TSP retirement account that I don't intend to draw from. About half of that is Roth TSP and half is Traditional TSP. Moved it mostly into the G Fund earlier this year. I'm still contributing the minimum to this every paycheck due to job matching my 5%. + +I see the TSP account as proof that we will not be hurting our future selves. We're both in our 30s, not planning to retire anytime soon. ***Am I being fiscally irresponsible for considering pulling 5-10k more from my savings?*** With the markets being the way they are, this seems like a no-brainer to me, but she is much smarter than I am. This could double our wedding budget though, and a 15k wedding is still relatively inexpensive these days for where we live. + +Edit: Thanks for the responses and insights. It seems like we should not pull out of savings for this. It's hard knowing all that money is sitting around, but that's life. + +Edit 2: While you can pull principal out of Roth IRAs, apparently everyone here agrees this is a bad idea for a wedding. +Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according to an email sent to employees Tuesday morning. Coinbase has roughly 5,000 full-time workers, translating to a headcount reduction of around 1,100 people. CEO Brian Armstrong pointed to a possible recession, and a need to manage Coinbaseā€™s burn rate and increase efficiency. He also said the company grew ā€œtoo quicklyā€ during a bull market. ā€œWe appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,ā€ Armstrong said, adding that past crypto winters have resulted in a significant decline in trading activity. ā€œWhile itā€™s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment.ā€ + +Coinbase had initially said it was pausing hiring. Two weeks later, the crypto giant announced that it was extending the freeze for the ā€œforeseeable future.ā€ Earlier this year, Coinbase said it planned to add 2,000 jobs across product, engineering and design. ā€œOur employee costs are too high to effectively manage this uncertain market,ā€ Armstrong said. ā€œWhile we tried our best to get this just right, in this case it is now clear to me that we over-hired.ā€ The news comes during a deep rout for Coinbase shares. The stock went public via a direct listing last April during a boom in crypto markets and investors clamoring for high-growth tech stocks. Coinbaseā€™s stock is down 79% this year and 85% from the all-time high. Meanwhile, bitcoin has dropped to near $22,000 and has lost 53% of its value this year. San Francisco-based Coinbase reported a slump in users in its last quarter and a 27% decline in revenue from a year ago. The company makes the majority of its top line from transaction fees, which are closely tied to trading activity. President and chief operating officer Emilie Choi called it a ā€œvery difficult decision for Coinbaseā€ but given the economic backdrop,ā€ she said it ā€œfelt like the most prudent thing to do right now.ā€ + +Affected employees received a notification from HR. If so, the memo was sent to a personal email as Coinbase cut off access to the company systems. Armstrong called it the ā€œonly practical choiceā€ given the number of employees with access to customer information, and a way to ā€œensure not even a single person made a rash decision that harmed the business or themselves.ā€ Coinbase employees will have access to a talent hub to find new jobs in the industry, including Coinbase Venturesā€™ portfolio companies. Choi said they would still be ā€œdoubling downā€ on areas like security and compliance and may be ā€œreorientingā€ employees to near-term revenue drivers. + +Coinbase joins dozens of other tech and crypto companies slamming the brakes on hiring. Crypto lender BlockFi said it was cutting 20% of its employees on Monday. Open-source tracker Layoffs.fyi estimates that more than 5,500 start-up and tech jobs have been cut in June alone. Coinbaseā€™s intention is ā€œthat this is a one time event,ā€ Choi said adding that the company has $6 billion of cash on the balance sheet. The company has lived through multiple bear markets in crypto before, also known as ā€œcrypto winters.ā€ ā€œWe will power through any macro environment, any crypto winter, or anything thatā€™s coming,ā€ she said. ā€œThe reality though, is that we have to adjust when we feel that thereā€™s a very dynamic economic environment in play.ā€ + +https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html +https://finance.yahoo.com/news/42-of-people-say-this-is-why-they-dont-invest-more-203026342.html + +The survey found that 42% of those who werenā€™t investing yet were staying out of the stock market because they believed they didnā€™t have enough money to invest. + +Kelli Keough, digital wealth management head at JPMorgan Chase, tells Yahoo Financeā€™s ā€œThe First Tradeā€ non-investors, those who are not in the stock market, say it's a struggle to save enough money to invest. +My wife and I disagree on how to approach our new car loan. We're planning on putting down $10K on a used car and finance the remaining $7-8K. We've been pre-approved for the loan through our credit union at 1.95% interest. Is there any advantage to paying off the loan as fast as possible (3-4 months) as opposed to making the monthly minimums at our low interest rate? We mostly put her entire salary into savings ($3.5k/m), but we are trying to save for a down payment on a house. +At this point I'm sure the employees of hedge funds know that they're fucked. Specifically that their jobs are fucked, im just wondering what might be keeping them from saying fuck it, buying some GME and quitting. If anything it might speed up the process of MOASS. I'm just curious is anyone has any answers. +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? +My taxes are a mess, and I would like to hire a CA. I would prefer meeting up with one face to face, but live in a tier 3 town/village. Is it safe to be working with a CA virtually? +Edelweiss is misleading customers by branding this Fund as 'US Technology Equity' + +The fund invests in JP Morgan Global Income Fund. You may ask what's wrong in that? + +1. JP Morgan Global Income Fund invests only *33%* approximately of its portfolio in Equity *and REIT* (Rest 67% is in Debt and other securities) + +2. Moreso, this 33% investment is invested in North America, Europe and other Emerging Markets (It's not even exclusive to North America) + +3. The JP Morgan Fund does not specify anywhere that it is exclusively investing in Tech Sector moreso! + +Conclusion:- Edelweiss US Technology Equity Fund is NOT investing in US Technology Companies (you won't even be investing in 100% Equity for god sake) + +SEBI should not allow such naming schemes for Mutual Fund, this can easily mislead gullible investors into believing that they are somehow investing in Silicon Valley! + +Reference:- https://am.jpmorgan.com/sg/en/asset-management/per/funds/global-income-fund/ + +Edit:- It seems the AMC website has incorrectly show this JP Morgan Global Income Fund as their Top Holdings + +This is a big screwup on their part +For context, Iā€™m an 18 year old First year law student wanting to understand financial markets and how they work within our country. I am a complete newbie whose only knowledge about financial markets originated from netflix shows, documentaries and a little personal research. Are the foundational courses offered by NSE any good? Are there better options out there? If so, please mention them. Thanks :) +I started investing in my TFSA account in 2021 but I'm looking to withdraw some money soon due to unforeseen circumstances. + +I've learned online that I would have to wait until 2023 to replace my withdraws. Does this only apply when I've maxed out my TFSA contributions? + + I still have a bunch of contribution room left. Can I still put money back into my TFSA this year? +In this post I am going to quickly review the most recent CPI data so you can see WHY it 'went down' and why this isn't the improvement that media and politicians are going to claim it is. I will do this with small highlighted pictures and very brief descriptions. It is quick and easy to follow along: + +\---- + +1. The claim is that while 'Total' CPI had been on the rise, inflation has been declining the last three months and we are back down below levels we last saw in April + +[Above: 3 successive months of CPI declining](https://preview.redd.it/oidn3zsehpt91.jpg?width=1630&format=pjpg&auto=webp&s=f3684ec7f3ad6d7354f5708585534fdee6c15c6f) + +2) However, the only reason 'Total' CPI is declining, is because 'Energy' has been declining each month for the last three months + +[Above: Total Energy 'down' to 19.8&#37; \(year over year\) inflation](https://preview.redd.it/zw9n0urqhpt91.jpg?width=1630&format=pjpg&auto=webp&s=c621d14378738a283ef267eaa183ec17518998af) + +3) And the reason why Energy is down, is ONLY due to decline in gasoline prices. Electricity and Natural Gas are both still rising. *(note the natural gas rise, we will return to it)* + +[Above: Decline in Gasoline prices solely responsible for decline in 'energy'](https://preview.redd.it/04nrn6o4ipt91.jpg?width=1630&format=pjpg&auto=webp&s=c635a004f01fac826f90f37d67a4caaf518a3334) + +4) Food inflation did drop *last* month, but is still trending up + +https://preview.redd.it/fmyau4ecipt91.jpg?width=1630&format=pjpg&auto=webp&s=cebbdce15be7034ecb2ee3140128047f85e3061a + +5) Shelter and medical costs continue to only ever go up + +https://preview.redd.it/lr6uwpshipt91.jpg?width=1630&format=pjpg&auto=webp&s=14d99899218159121d4020ae0e2170eb01368c49 + +Mini break: Gas prices are down by a lot. That's good. That shouldn't be understated. But that's the only reason total CPI can claim to be down. And it also means that Gas must *continue* to drop as other prices continue to rise in order for CPI to continue the 'positive' trend. Should Gas prices stay even, CPI would rise, should Gas prices go up, CPI would be fucked. Let's look at the Gasoline situation: + +6) To get Gas prices down, the current administration has been flooding the market by releasing the nation's 'Strategic Petroleum Reserve'. Right now we're exhausting nearly 1 million barrels a day. + +[Above: Couldn't find a better graph, note the y axis scale. We have used \~1\/3 of available supply Since January and the rate has been increasing since then](https://preview.redd.it/yt83ugt4jpt91.jpg?width=1064&format=pjpg&auto=webp&s=7a60f4d48a8943bbb4e05e2b91ce41a37bf50cc5) + +7) OPEC is cutting their production by 2 million barrels a day + +[Above: OPEC is the world's largest oil producer, a decline in available supply necessarily means a rise in price](https://preview.redd.it/7w5vpeaxjpt91.jpg?width=1033&format=pjpg&auto=webp&s=a928b1ebaf6621ec6c07ce9b248c0ba3c9c686cf) + +8) OPEC was only producing 30 million barrels a day previously + +[Above: A 6.6&#37; reduction may not seem like much, but what matters is unless consumption drops as well, prices will have to rise as a result. There's not enough to go around.](https://preview.redd.it/xqk5wty0kpt91.jpg?width=1048&format=pjpg&auto=webp&s=d0c6803a3089c8f098d8406e2acd56b177ecaab6) + +9) Oh and by the way, remember those other two parts of 'Energy'? Electricity and ***Natural gas***?Natural gas inflation went from 22% in April to a staggering 33% this month, remember? This is why. The US has been shipping our production non stop to Europe: + +[Above: As Europe competes for US LNG, the cost of LNG rises everywhere, even in the US. We can continue to expect the cost to heat a home in the US to continue to rise considerably even though 'Energy' is supposedly 'coming down'](https://preview.redd.it/v50o27tkkpt91.jpg?width=1053&format=pjpg&auto=webp&s=174845fb7bba390d0a6d595ffb4d84e936179f67) + +So in conclusion, stay buckled up, ride's not over. +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! + +I'm really happy for you :) + +... + +If you'd like a little unsolicited advice, read a bit further. + +1. Don't HODL. This is life changing money you have right now. But it won't do anything sitting in a wallet. HODLing is a meme and only applies to bear markets, not bull markets. If it's only paper gains, it doesn't matter. Unless it's secured, it's meaningless. Most financial firms have made their money selling too early. +2. Diversify. Crypto is great, but some projects actually are just better than others. If you like doge, check out LTC! If you want to kick it old school, maybe buy some BTC, if you want to change to medium term growth look into ETH, and if you want some long term holders, look into ALGO, ADA, DOT, etc... These later coins were all invented for a reason. They really just are better than the old coins in almost every way. +3. Don't blow it. Lambos are actually kind of shitty cars, and as someone who has owned some very nice cars, I can tell you right now I had more fun out of my miata and my MR2 Spyder than I did anything else. Figure out what you want, what purpose it serves in your life, and what the upkeep and maintenance costs are. Turns out that even if you can afford to buy a lambo, that doesn't mean you can afford to maintain one. +4. Don't tell you friends and family too much, and definitely don't give them money. It's tempting to brag, but mixing relationships and money is a bad idea. +5. Get a financial advisor. Even if all you did was pick up a cool 100k. Get a god damn financial advisor. I can't press this point harder. We're all financial morons around here who think we're geniuses. Go to someone who knows how to manage money. +6. Don't make any decisions about how to spend 95% of your money or what lifestyle changes might happen in the next 3 months. Life decisions shouldn't be made when you're experiencing extreme emotions. Blowing 5% is probably inevitable. But I swear to god, if you can't stop spending at 5%, you'll never stop spending and then it's all for nothing. +7. You're not a crypto genius. It's actually kind of hard to lose money in a halvening cycle. +8. Don't give other people financial advice, even if they ask for it. Friends and family might want to make some cash too. If they're successful, they'll take all the credit, but if they fail, you'll be the one they blame. Not worth it. +9. learn as much as you can about crypto. This is the future of currency, not a meme lord hype train. Think long and hard about what decentralized economics means to the world. No more dictators raiding the banks, no more banks writing laws that cause a financial crisis like in 2008, a more secure and trustworthy system of contracts and economics, a financial system which puts the power in the hands of the people instead of a select few who just use their money to make more money. +10. Don't grieve money you never had, dont day trade, learn how to spot a pump and dump, remember that DCA is the Way, etc... + +... + +Oh. And think about donating some of that money. There's a lot of people in the world who need it more than you do. The red cross, animal shelters, clean water efforts, etc... Would love to suddenly get a few extra bucks. And they'll probably do more good with it than you will. +Hi folks, + +The TLDR is in the title. Iā€™m getting divorced and planning to keep the house. But to do so, I have to pay my ex. $55k by December 31. I currently have $53k after splitting our assets. + +Why Iā€™m anxious: if worst case happens and I get fired, I canā€™t find a new job quickly, and the housing market crashes, Iā€™d be bankrupt and living with my parents again at age 35. + +Why I think I should gamble on it: It is a way nicer home than I could afford after selling because of interest rates now, and I have a high chance of keeping the 2.5% interest rate because I have a good chance of being able to remove my ex from the existing mortgage. (Release of liability is an option from my lender if I qualify, which I should unless I get fired.) + +House value: About $475k but the market seems to be cooling. + +Principal still owed on Mortgage: $357k + +Monthly payment: $2150 + +Other debts: $165/month car payment, or $10,000. + +Gross Annual Salary: $89k (I have a decent chance to be making $105k in 2023 after qualifying for promotion) + +401k: $54k (I should be able to take a loan on half of it in case of emergency) + +Thanks for any advice! +# šŸšØComments will be locked at market close Friday 05-14-2021šŸšØ + +# IT'S GIVEAWAY TIME FOR OUR INTERNATIONAL APES OUTSIDE THE USA!! šŸš€šŸš€šŸš€šŸš€šŸš€ + +[Gamestop Limited Edition Squeezy Bananya Cat](https://preview.redd.it/77rsjoo927y61.png?width=1300&format=png&auto=webp&s=50fa86400b0beac36aaf7e53a8850942af5dfadd) + +&#x200B; + +**I've seen y'all posting about the GME bananya cat and talking about how AMAZING it is (because it is.. it's so SQUEEZY!!!!) but the comments from international apes that couldn't order one got me big sad :'(** + +# SO WE'RE DOING A GIVEAWAY FOR 3 LUCKY INTERNATIONAL APES OUTSIDE THE USA! šŸš€šŸš€šŸš€šŸš€šŸš€ + +&#x200B; + +**They will even come with a Roaring Kitty red headband just like mine has!!** + +&#x200B; + +[iz my cat](https://preview.redd.it/u54asokg47y61.png?width=640&format=png&auto=webp&s=4d18a26a9bf60719c20a1527135a940b1f8f4626) + +I'm also going to use this giveaway to bring some Gamestop corporate attention to twitter, to show how big the demand is for international sales!! [I'm going to blast it @ Gamestop corp et.al](https://twitter.com/PinkCatsOnAcid) and really get it some attention!! + +**So, how do you get your diamond little monkey paws on this squeezy? šŸ¦§** + +# šŸ’ŽšŸ™ŒšŸš€SHOW ME THE MEMES!! šŸ‘€ + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that their spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +[Cheezburger cat iz classic](https://preview.redd.it/oy4yqh0jo7y61.jpg?width=686&format=pjpg&auto=webp&s=2dde9a7c56e31c353cf7ff3b88d9845d56c7a3b1) + +# I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +Want to know how to share your images here on mobile? + +1. Download imgur on your phone via your app store +2. create imgur account (preferably one that matches your reddit username) +3. upload the winning meme to your account (you can set it to "hidden" if you don't want the imgur public to be able to see your pic. Then only those with the link can access your image) +4. Click the "view" button and click "copy hyperlink" to get the url +5. Come back to this thread and paste the url and hit post comment! +6. The memes with the most upvotes wins! + +\*You can also use ibb and other image hosting sites. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat šŸ˜»šŸˆšŸ’–šŸ’–šŸ’–** + +# $GME TO THE MOON!!! šŸš€šŸš€šŸš€šŸš€šŸš€ + +Plushies will not be shipped anywhere in the USA! The plushy is available online at [Gamestop.com](https://Gamestop.com) to USApes. + +If an American ape wins, I will just go down the line to the next international ape! + +# DROP YOUR BEST MEMES BELOW šŸ‘‡ AND (UP)VOTE ON YOUR FAVORITES!! HAPPY MEME-ING!! šŸš€šŸš€šŸš€ + +# Memes are not considered to be entered into the competition until they are posted in this giveaway thread (regardless of being posted on the main page.) +I started hearing, investigating and buying cryptocurrency coins from around May 2017. I started off by making a little bit of money, losing money, making a whole lot of money, and currently I'm in a situation whereby I've lost a whole lot of money. This includes initial money invested. + +In May, June & July 2017, I started off by putting in fiat to buy about 10 Bitcoins worth of cryptocurrencies. I bought Bitcoins and then alt coins over a number of weeks. The market was in a sideways movement mostly. There were days when my portfolio was red, and days when it was green. What I did right was I hodled all the coins until I was profitable. + +August 2017. I made extremely great gains during this month, because the market was in a bull run and I'm sure most people made great gains. I went from having about 10 Bitcoins worth of alt coins to having about 30. I was extremely euphoric, and started making plans of when I'll resign from my job, pay off my house one day soon, etc. Only thing I did right was I didn't brag to other people about my crazy gains. I kept it to myself. + +September 2017. This was when the China FUD happened, markets dipped in a huge way. This time instead of hodling, I sold my alt coins. By then I was down from about 25 Bitcoins worth of alt coins to about 9. The other stupid strategy that I adopted was I wanted to go back to having 30 Bitcoins, and have that feeling again of invincibility. So I started gambling, hoping for a coin that would give me a quick 2x or more gain. I would buy a coin, and if it dropped I would sell it. + +October & November 2017. Pretty much the same thing happened, whereby I was gambling and not investing. I would buy a coin that I thought would rise in a few days. If it didn't rise or it fell in price, I would sell it and fomo into a coin that was rising at that time. As most of you might know, FOMOing seldom works, because you end up buying at an ATH. The price drops, you panic sell and the price resumes up again or continues dropping. Either way, I was losing money. By the end of November, I had about 3 Bitcoins worth of alt coins from 9. + +December 2017. We're now in the middle of December and it has been brutal, I didn't learn anything. I would buy an alt coin, and if it didn't rise I would sell it. There were some coins were I made some gains, but I sold quickly and those coins continued rising. I also bought coins that were considered good, they dropped and I sold after seeing a coin that was rising. I am now in a situation where I went from having 3 Bitcoins worth of alt coins to now having 0.5. + +I'm hodling a coin now, and my tokens are at MEW. I have no option but to hodl. I have so little money that I'm willing to wait 6 months to get a 2x, so I can at least have 1 Bitcoin worth of an alt coin. Provided the alt coin keeps up with the price of Bitcoin. Even if the market corrects 50%, I'll still hodl. + +In terms of fiat, I lost about 80% of all money invested. I'm literally broke, lol. The money I spent years saving is gone because of stupid, uneducated and gambling type of trades. In order words, I went into crypto with about $50k, to a high of about $170k, and now I only have about $10k. + +The purpose of this post is to release my feelings and disappointment, but also for other people to learn from my crypto rooky mistakes and for them not make the same mistakes I've been making. + +Hopefully most of you guys have made massive profits, and may you continue to make money money. As for me, all I'm hoping for is a gain back $50k. +Are there any professional day traders, retail or not, that **we KNOW are actually profitable**, that released a real pnl showing their consistent profitability? + +This is one job where it's hard to know if the people you're getting information from are even profitable bc there are so many fake gurus, and people don't show their pnl. Even the people who seem legit and reasonable, where are their pnls? + +For instance...Adam Grimes is a guy recommended on here a lot. How do we know if he is even consistently profitable? Sure, he doesn't sell scam courses for $1000s of dollars and has a free 22hr trading course, also has a nice CV, but has he ever shown his pnl? Is their any hard evidence of his consistent profitability? +After being a good boy and buying mostly ETFs for a while, I cashed out some bitcoin (bought in 2013 and made about $9k ā€“ I was lucky and forgot I bought it so I didnā€™t sell too early) and bought CAN at 2.78 about 2 weeks ago, and I'm up almost 10%, but I don't really trust the price. I don't normally like meme stocks for this reason. It's just like gambling. + +I had some lithium stocks last years and felt bad the whole time I held them, whether they were going up or down. Sold them for a 30% profit which is nice, but it could've been like 200% if I held. I'm not proud of my gains, though. I just listened to the buzz and bought them. No skill or intelligence required - just the balls to buy something that may result in you losing most of your money. That's not admirable - it's stupidity, really. + +I'd much rather stick with ETFs and a small (maybe 30%) satellite of bluechips and no more than 10% of my portfolio in meme stocks or shitcoin. + +When I first started trading I lost like 5k on SGH trying to buy the dip like a fucking moron. Also lost like 3k on QAN when I panic sold in 2016. Would've been up like 60% if I held. Who the fuck panic sells *QANTAS*? Also lost money on Santos when my dumbass friend went on a rant about how oil prices will stay low because renewables are taking over. I disagreed and put up a pretty solid rebuttal but still got spooked and sold. Wouldā€™ve been up like 60% too. + +If I just put it all VAS/VGS like I tell everyone, I would've been up around 10% since first purchase, probably 15% if Trump didnā€™t keep sperging out. Instead I'm probably not even above inflation or a bullshit HISA. I don't even know because I'm too cheap to spring for a Sharesight subscription. It's possible I'm in the red. I like to think I'm at least slightly above a HISA or term deposit, though - so I can keep acting smug and tell people not to be scared of the stock market. + +Oh well, at least I don't own property. And at least I'm learning. I have learnt a lot in these past few years since I started investing. I remember how scared I was when I put my first 10k in, thinking it was too much to risk. Three months later all my savings were in there and I was fucking day trading for $50 profits completely ignorant of all the tax bullshit I'd have to deal with. I thought I was baller, but I was just a retard. You really don't know what you don't know. Fucken Dunning-Kruger is a bitch. + +On a positive note, even though I recently lost money with TLS and barely broke even with PTM, I'm a much more informed and responsible trader than I was before. + +Just don't let me margin trade or teach me how to buy options or trade on US exchanges. + +Anyway, have a nice weekend peeps. +Financial awareness, literacy, capability, whatever youā€™d like to call it. Whatā€™s the book you recommend when talking to your friends and family about money? +I'm not sure where I placed my brain. + +So I get off work (super tired nonetheless) and I'm getting out of my car at my house. Two guys stop in a white Ford Fusion and ask me if I wanted a 4k projector (as their job had left overs) and a surround system. + +My dumbass was thinking about a projector and surround sound for a while and thought ''what a perfect opportunity!". I got the money and bought it. + +Something told me something was suspect the entire time but I just.........I'm still in disbelief I just bought some stupid shit like that. + +Edit: Here's how I think they got successful with this scam. My house is on a one-way street and of course my trunk was open. They stopped and gave the spiel about their 4k projector. I was hesitant, but they got out and showed me what was in the box (the projector). The most important part about this is that my trunk was open (since I was getting my gym bag out). While I looked at the projector, they slid the speakers into my trunk so that it became mine. I was flooded with a lot at once. I think that triggered me to proceed to buy it. I should have stopped them right there. + + +**Also, the projector works. But its a cheap Chinese knockoff that will probably blow up at some point watching Lord of the Rings.** +Im a total rookie but I finally have a bit of savings i am ready to invest. This was the first idea I had, but it seems almost too obvious. Am I missing something? +There is really nothing left for Bitcoin. The ETF failed. The innovation halted. The infighting is worse than it has ever been. It is technologically behind Ethereum in all respects, even as a means of payment. Seriously, can we just accept it is time to move ETH into the position it well deserves. The dominate market cap. + +Hey, I'm all for Bitcoin making a comeback someday. But without the Flippening, we maintain the status quo. I would even argue Bitcoin NEEDs the flippening as a wake up call. If ETH took over the market cap, the Bitcoin community might enter a phase of mutual cooperation, or at least, hyper innovation, to stay relevant. If you care about the future of Bitcoin, let the fucking thing flip. +Let's be honest: Ethereum is very far from being perfect. If anyone believed it to be ideal, the Status ICO has to be fixed this hope. There's an awful amount of work for the team to make it mature. + +However, it doesn't seem that there is any real alternative at the moment. And there is little sense for a programmer learning smart contracts to choose anything but Solidity. So Tezos as an example might be much better technically, but it's not going to help. Everybody will keep using Ethereum just because everybody else is using Ethereum. It's funny that even hardcore Bitcoin fanatics [have to use Ethereum](https://np.reddit.com/r/ethtrader/comments/6iklta/please_boycott_vinny_linghams_civic_ico/) because there is no choice. And it's not going to change soon. + +What I'm saying is that in the years before the tech matures Ethereum will be hated for a number of reasons *(no, Bitcoin maximalists, I don't mean you, the critical flaw of Ethereum for you is that it's not Bitcoin and it will never be fixed)* but it is going to dominate the crypto world much like Windows dominated the desktop world. Maybe one day it will give way to better competitors, but believe me, the descent will be long and slow. + +And while Ethereum dominance doesn't necessarily mean ETH dominance, and the competition on the cryptocurrency market is fierce, but being backed with such a prominent technology ETH is bound to be one of the major cryptocurrencies as people will put trust in it, not because people just want to make quick money like now. +Long story short my wife and I have recently paid off all of our debt, saved a six month emergency fund, saved a down payment for a house we'd like to buy in the next year, and have maxed out our 401ks and HSA's. + +We would now like to start investing. After our fairly comfortable lifestyle we have about $3,000 per month that we could save and/or invest with an additional $10,000 we could use upfront to start our accounts. + +Our question is, as young adults who were in high school/college during the financial crisis of 2008 and on you heard a lot about people "losing their retirements" how exactly did people lose the money they had invested? If the market crashed, couldn't they have just waited until it came back up and by now, twelve years later, would have had even *more* money? + +We understand the power of compounding interest and know that if we buy mutual funds now we would be set when it comes to retirement in 30 or so years. These horror stories are the only things that make us nervous about investing so aggressively. + +Thanks +Cybersecurity is a critical component of financial security, but rarely discussed in personal finance circles. Note that cybersecurity practitioners disagree over best practices for personal cybersecurity. This is my perspective, as I have some expertise in the area. This guide was posted to r/fatFIRE as part of my ongoing Fat Guide series. + +As a member of r/personalfinance, you likely have a little bit more money and better credit than the average person, and so are a particularly juicy target for attackers. This guide is written with the intent of preventing attacks from strangers and people you know. Obviously, more skilled attackers who are targeting you specifically will get you eventually, so we wonā€™t cover that. + +Good cybersecurity protection consists of prevention, so you donā€™t get owned, and monitoring, so you know when youā€™re owned and can take action to remediate the damage. A common method for attacks is that a websiteā€™s database gets compromised and your information is stolen, which could be passwords or credit card info. This information is then used to harm you. You can check haveibeenpwned.com to see if your email is known to be compromised. You should move forward with the assumption that your information is out there, as that mindset will help you the most. + +**Passwords** + +One of the reasons email/password credentials are so valuable to attackers is that most people reuse the same passwords for everything. Ideally, getting my Reddit email/password combo would only allow a malicious insurance broker to post about the benefits of whole life insurance on r/personalfinance, which would be a travesty but not disastrous. However, many people reuse passwords so stealing my reddit credentials would permit them to log into my bank account, email, etc. + +You should be using a unique, strong password for each site, but since thatā€™s hard to remember, you should use a password manager like Lastpass. Using a password manager guarantees a unique, strong password for each site. The only passwords you should keep outside of Lastpass are your lastpass password, your email(s) password, and your computer password. You may ask what happens if Lastpass or other password managers are hacked. I wonā€™t get into the technical details, but your information is generally safe even after breaches because the company doesnā€™tā€™ hold the encryption key to your data, you do (as your password). Security experts agree that using a password manager, even one with potential vulnerabilities, is generally safer than not using one. This is a bit of an oversimplification, but it's true. Use a password manager. + +**2 Factor Authentication** + +Obviously, two factor authentication improves your situation by preventing someone from compromising your account if they only get your username/password. However, traditional 2FA methods like email or text can be phished. There are many scams where someone calls you, pretending to be your bank, and then tells you to read them the number texted to you to ā€œauthenticate yourself.ā€ Meanwhile, they login or reset your password with the code and clean you out. Another method, ā€œSIM swapping,ā€ which was recently used to steal Jack Dorseyā€™s (twitter CEOā€™s) twitter account, is where the hacker convinces your phone provider to switch your number to the attackerā€™s SIM card in their phone. You canā€™t defend against this, so phone 2FA is never perfectly safe. + +The solution? Security keys, such as Yubicoā€™s Yubikeys or Googleā€™s Titan keys. These are physical devices that provide a code, and can be used for 2FA on Google, Facebook, Vanguard, Reddit, Lastpass, and many more. Unfortunately, few commercial banks support security keys including Ally (please message their customer support about this, they need to support it). Security keys cannot be compromised outside of stealing the key as they require you to have physical possession of the device. Of course, you need two of them in case you lose one or it breaks, or else youā€™ll get locked out of your accounts. With premium Lastpass, you can use security keys to protect your Lastpass passwords as well. This is a great tactic. + +**Protecting Root** + +Getting ā€œaccess to rootā€ means you have access to everything. In this case, ā€œrootā€ is your email because you are generally able to reset your password on other accounts from your email (I suppose your phone or pc may be as well, more on that below). My recommendation in this case is to use Gmail with the advanced protection program (requires security keys). This will make it virtually impossible for anyone to access your account but you. However, if you lose both your keys you will have to wait a few days for Google to confirm who you are so you can get back in. One of the other advantages to using security keys is that ā€œrootā€ doesnā€™t really exist anymore on any account using them, as even if an attacker breaks into your email they canā€™t bypass security key 2FA for other accounts. + +My other recommendation is to use two emails, one which you use publicly and the other privately. Use the public one for whatever: social media accounts, receiving forwarded articles from your crazy grandpa, applying to jobs, etc. The private one should be used only for your financial accounts, such as banks, brokerages, and credit cards. You can also use this email for Lastpass. You should never provide this email to anyone, ever. This will make it very hard for someone, even someone who knows you, to guess what email you use for your finances. Ideally, youā€™d be using a separate computer, like a $200 chromebook, as the only computer/phone from which you access this email or financial accounts, but thatā€™s pretty paranoid and not necessary. Both of these Gmail accounts should use unique, strong passwords you have memorized, and not be stored in a password manager, just in case. + +**Protecting Other Accounts** + +Protecting all other accounts is straightforward: use your password manager for a password and use 2FA (preferably with a security key) wherever possible. You never know which account will give an attacker the info they need to own you, which could be your address, phone number, etc. Imagine if your spouse or mom got a Facebook message from ā€œyouā€ saying you forgot your SSN and need it right away. Many accounts, particularly financial accounts, may contain tax forms with your social security number. Most people donā€™t realize their college account, which may have financial aid tax forms, may have this info. Protecting your SSN is really, really, hard, which leads us toā€¦ + +**Financial Information** + +Frankly, protecting your SSN today is basically impossible. If you used credit before the Equifax breach, your info is probably in the wild and could be used today or 50 years from now. If you have no immediate plans to use your credit, freeze it with every major bureau. Also, set up credit monitoring so you know if anyone opens an account in your name. Unfortunately, there is not much you can do to prevent your SSN being compromised. Your SSN is everywhere, from banks, to colleges, to your employer, to your doctors/accountants/lawyers office. It is a literal disaster that will hopefully be corrected, but probably wonā€™t. + +Credit cards are equally challenging to protect (if not more so). You should use credit cards and not debit cards wherever possible, as it is unlikely you will successfully dispute debit card transactions. It is common for credit card info to be stolen via database hacks (do you really trust every vendor you use your card at?). Apps like Apple/Google Pay are actually even better as a result, as they use a one-time code for the transaction that cannot be used afterwards, so it doesnā€™t matter if they are stolen. Here, I will also note that while RFID-readers reading your credit card while you walk by on the sidewalk is technically possible, there has never been a documented case of it occurring and the RFID-blocking wallet is totally unnecessary as a result. + +A critical component is, again, monitoring. You can typically configure text alerts for every credit card transaction. I receive a text every time any of my cards are used. This helps identify fraudulent transactions in real-time. + +Lastly, it is often possible with banks to set up a challenge/response for phone calls. They might have to provide you a code to authenticate themselves as your bank, or they may ask you a security question/ask for a code to authenticate you. This is very helpful at stopping social engineers from stealing your info, either by pretending to be your bank calling you or pretending to be you calling your bank. Keep in mind, though, that many ā€œsecurity questionsā€ are awful and can be found on your facebook. So pick a weird one, like ā€œWho was your least favorite teacher in high school?ā€ + +**General Device Security** + +Device security is really fraught and challenging. From a phone perspective, you should of course use some sort of authentication (such as fingerprint, passcode, pattern), on your phone and also on each of your financial apps, so stealing your unlocked phone doesnā€™t grant automatic access to financial accounts. Aim to only install apps from trusted sources, as multiple apps that have 10-100 million+ downloads have been demonstrated malicious. + +PCs are a little more challenging. Chromebooks are the safest PCs from a security perspective. If you ask me what the best antivirus is, itā€™s a chromebook. Seriously, if youā€™re going to get a laptop for anything but gaming or video editing, get a chromebook. Despite what many laymen say, Macs arenā€™t technically more secure than Windows, but attackers are less likely to target them because they are less common. As you do sketchier things on the internet, you are more likely to get owned. For example, regular browsing on trusted sites is typically safe. Going on adult or illegal streaming websites may have malicious pop-ups or ads. Torrenting is more dangerous, and the dark web can be extremely thorny. As a result, I strongly recommend that if you want to engage in unsafe behavior (i.e. torrenting) on the internet, at least keep a separate $200 Chromebook only for all your finances, and donā€™t access those accounts from any other device. No reason to lose tens or even hundreds of thousands of dollars because you didnā€™t want to spend $20 on a video game. + +As far as anti-virus goes (if you have to use something other than a Chromebook), Bitdefender is a pretty good bet, but thereā€™s a lot of good software out there. Personally, Iā€™d be wary of anything Russian or Chinese either as security software (Kaspersky) or as a device (Huawei). Chinese manufacturers are known to insert backdoors into their devices. In one particularly ironic instance, a chinese manufacturer perfectly copied an American device down to the typos in the manual, but their version had twice as many security vulnerabilities. This is one of the reasons letting Chinese manufacturers build 5G infrastructure in Europe is so worrisome. + +In a similar vein, public wifi is questionable. There are a lot of opportunities for attackers associated with public wifi networks. HTTPS stops many of these, but tools like sslstrip highlight some vulnerabilities. A VPN may be helpful, but most free VPNs are awful, so do as you will. + +**Summary** + +Someone before asked for a flowchart or something of the sort, so here is a concrete action plan: + +1. Get at least two security keys (i.e. Yubico) +2. Set up a public and private gmail account. Your private email should not be linked in ANY way to your public email and should be given to no one. +3. Turn on advanced protection on both gmail accounts and link to security keys +4. Get a password manager like Lastpass. If you get Lastpass premium (recommended), add your security keys for authentication. +5. Generate new passwords using your password manager for all accounts but your emails, pc password, and your password manager itself. +6. Associate any financial accounts, such as credit cards, banks, brokerages with your private email +7. Turn on 2FA (with the security keys wherever possible) on all accounts, as well as login alerts. +8. Turn on text/email alerts for any credit card charges or bank transactions, as well as credit changes. +9. Make sure your phone is locked by some authorization measure, as well as your financial apps individually. Preferably a password. Added bonus: cops canā€™t get a password but can force your fingerprint or face id, a current dispute in the courts. +10. Optionally freeze your credit. +11. Optionally get a cheap chromebook as the only computer on which you do financial transactions. +12. Optionally encrypt your phone and hard drives. + +This may seem overly paranoid for some of you, but using a password manager with security keys wherever possible, and 2FA where not, as well as Gmailā€™s advanced protection program is your best bet for protection on the web. You should configure monitoring for your accounts, SSN, and credit cards so you are aware of when they are used in real-time. There is obviously a lot more that could be covered, but the goal of this guide is not necessarily to make you impervious to attack, but rather to make you a very hard target so attackers give up and ignore you. Frankly, nothing will destroy your financial situation faster than a hacker who cleans your clock. +The market has been confusing af and I'm fairly an amateur at this. Now after eight months of day trading (sometimes swinging) I find myself with a 0.04% gain overall. With the time and energy, I invested it's somewhat a loss. So, should I continue? am I a terrible trader? +I prefer to practice on real cash small account. +I prefer to practice psychology outside the market. + +Thatā€™s it, + +I finally became a profitable trader once I focused in how to take losses properly. + +That was 1 emotion that wasnā€™t letting me advance and would show up in patterns while trading. + +Wish everyone good luck and to know only a few people are able to put in the work to develop new habits. +I've been here since the beginning, but I'm not anyone special. I tried to educate on the ON RRP and I have learned a lot more since then. + +**Recapping on the discussion yesterday it's pretty apparent that apes are talking about:** + +1) Buying calls + +2) DRS (that's been going on) isn't helping move the price + +3) Video with some people over-evangelizing this new face (former hedge fund manager) + +&#x200B; + +**And while that has been happening, I also want to note that a few other things are happening outside of the sub.** + +1) Market overall is down + +2) DMMs haven't been delta neutral for some time (yelyah2) + +3) Liquidity is very low across the market (Evergrande, etc) + +4) ON RRP is at an all time high edit: some pedants want me to say it's not ath but, compared to any other time than December, it's really absurdly abused right now. Delaying the rate hike aa long as possible. + +&#x200B; + +**And I want to point out a couple of other points:** + +1) We had a bigger-than-others drop to GME stonk, which gets emotions running high + +2) Buying through ComputerShare gives cash to ComputerShare, buying options gives money to MM's + +&#x200B; + +&#x200B; + +With all that being said, the push to act on purchasing options after today's video should be met with some caution and some further discussion before we all jump the bandwagon. Agreeing with many before me, buying LEAPS and other deep ITM options can cause delta hedging, however, as mentioned in the video today DMMs do not need to hedge, and they have been fined copious time sin the past for this. It's also how we get the FTD problem in the first place - finding those shares because they were never located for the short sale to begin with. + +It seems extra suspicious that on a day where emotions are high, that we get a video drop like this, and a huge push to get people buying those - before we have even heard anything from GameStop. We haven't heard much, but we know they've hired hundreds of extremely talented indivduals and are indeed working on a brand new NFT platform. If there was a rush to do ANYTHING I'm sure they would be making announcements. + +&#x200B; + +**We know that game stop has** + +1) Hired an all-star team this year + +2) Increased sales by 30% in 1 year - during a pandemic + +3) Building amazing new tech to broaden their market (aka increase share value) + +&#x200B; + +Why are we pushing to buy options, especially those around "hype dates"? Really? I have heard everything from 2 months, to 8 months, $250 and up. Why are we looking to give capital, aka liquidity aka breathing room to the DMMs that we \_know\_ are already acting unscrupulously. + +&#x200B; + +In fact, I would dare say that GME has 1 billion cash, and has a LARGE runway with the sales they are pulling off. Who would benefit from a large population of investors giving up their cash for risky positions that do not claim ownership - just the right to purchase shares, which we know aren't even yours until you DRS them. + +&#x200B; + +It seems to me like much of the discussion tonight would favour those in a cash crunch, trying to survive another day. + +&#x200B; + +Closing out, + +1) Options are giving money to MMs not to ComputerShare for an asset that is fungible and is in the DTC. Think about what these companies try to do with your money, is it in your best interest? + +2) DRS implicitly increases share value because the company is doing very well - the harder it is to buy the shares, the more they will be worth - this is basic supply and demand folks. Do you believe in GameStop? I do. + +3) The video is good and confirms many biases. And deep itm leaps may be a great tool, but there are truly no shortcuts folks. As stated directly in the video, they DMMs do not have to hedge, they can choose not too. Meaning they ultimately control if the price movement happens because if they do not hedge (aka buy the underlying to some degree) they are taking money they can then put towards puts etc. + +&#x200B; + +Don't let your emotions run too high. I did this last year during the sneeze (still didn't sell) but we need to be prepared for all levels of manipulation and tonight just has a bad smell to me. +With the headlines today of a 4.1% many people are acting like the sky is falling, its not. Yes, certain categories have risen particularly Gas/energy, but overall it's still normal. +The reason is it is inflated due to negative or minimal inflation last year Q2-Q3, and how inflation in particular year over year which is the most common time period is calculated. + +So lets recalculate inflation over a 2 year period: + +CPI in Aug 2019: 136.8 + +CPI in Aug 2021: 142.6 + +Inflation 2019-2021: (142.6-136.8)/136.8= 4.23% + +Annualized: (1.0423^0.5)-1= 2.09% + +[Data from Statcan](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000401&pickMembers%5B0%5D=1.2&cubeTimeFrame.startMonth=08&cubeTimeFrame.startYear=2019&cubeTimeFrame.endMonth=08&cubeTimeFrame.endYear=2021&referencePeriods=20190801%2C20210801) + +So over the last 2 years we have averaged 2.09% almost dead center of the Bank of Canada's 1-3% goal. However as many people have felt in their wallets due to gas & energy which has actually went up a large amount (17.8% & 13.1% since 2019 respectively), while items such as clothing or recreation/education have dropped slightly. So in my opinion at least the data is showing we're just readjusting to the low inflation values of last year. +I am convinced that there is a strong trend of people behaving more based on immediate desires rather than long-term planning. I am considering investing based on that concept. What kind of companies to you think will perform well in a world of morons? +Main CPI data grabbed all of the headlines yesterday, but it is surprising to see that the decline in real earnings for workers wasn't talked about. The data were released yesterday too: + +https://www.bls.gov/news.release/realer.nr0.htm + + +Declines in real earnings are types of data that really get the Fed to act. This marks the second month in a row of real average hourly earnings declines for workers due to inflation. The idea the Fed may back off any time soon seems like an absolute pipe dream with data like this continually getting worse or staying the same. +I have a met a good friend of mine who has started a new company last year. Atm, the company is going through a seeding round first before it has an IPO. The absolute minimum investment is Ā£10,000. + +The problem is That I have only got 2 or 3K, thus, I would need to borrow money. + +And I have only got 1 or 2 weeks Max to raise the funds. + +I have always got a good credit rating therefore I think I need to take out a loan somewhere. But I am not working anywhere atm (gna graduate next week in engineering) + +I have had a good look at this company and it sounds like a VERY good chance. (It already has Ā£100 million pre-order reservatons, can any1 adivse if thats good or not) + +I SERIOUSLY wanna invest in this, but atm given my current circumstance, I dont know If i can be able to. + +Advice Please + + +EDIT: thank you all so much for replying to this thread. For a moment, this was a real crisis point here. But most of you have made some good points, "why cant I buy in and Pay him later on" "or him lending me the money and I can pay him bak later on" these are all very good points you guys have made. I suppose when opportunites come you wanna make sure It doesnt miss out. + +But, theres something called common sense as well. + +Thats y I will ask my friend for some alternative arrangement. If it doesnt work out then thats fine + +But I wont be investing in this by using borrowed money. + +Once again, thanks guys for a reality check + +šŸ‘ + +EDIT2: moderator, or whoever locked this thread, you shouldnt have as I wanted ti reply back to as many comments as I could. Understood if this went into 000s but its not. I kindly ask you to please unLock this thread So I can reply back to everyone, thank you. :) +What's your predictions ahead of today's RBA interest rate decision? + + +My bet is they move to 0.75% before holding in July to get more visibility of market conditions. +My partner was brought up on what seems like the Australian dream (graduate, marry & have kids, buy house, die). I moved around a lot, overseas and in Australia (army brat) so I have a fairly different view of what life can offer. + +That said, we're married and renting in inner Melbourne, and have a young child. Til now, we've been working on getting our finances up through investments and saving. But lately, she's started wanting her own home so she can "feel free to decorate, and have her own garden and feel like she owns her home". She's also thinking she wants to buy in Ballarat, Bendigo or Geelong (which would mean at least a 3-4 hour daily commute for me, and maybe her if we don't have another kid, because we both work in Melbourne city). + +To me, this sounds like the most terrible eventuality possible; stuck spending a good chunk of my day traveling to a job I don't really enjoy so I can pay off a house I bought in an area I'm not really interested in living in, all so I can "own my own home". + +And all of that in real estate market in decline, which could mean I could save a chunk of money if we waited a bit longer. + +I would honestly rather spend our youth (both early 30s) living overseas and exploring the world a bit more. But she's got her eyes set on blowing our chance at financial independence on an overpriced piece of real estate. + +Am I being insane here? I mean, I'd be way more open to the concept of buying a house after we see some cash rate movement from the RBA (and whatever happens to our economy after that) but all I get is "that's what you always say". + +I know I'm sounding a little frustrated (I am), so I apologise for that. But I'd love any opinions on whether my position is valid or not, and on how to facilitate a more productive discussion. +Poloniex has confiscated 2 million ETC that were rescued from the White Hat DAO. It is everyones interest to resolve this issue promptly. These belong to the DAO token holders and should be released to the refund contract established by the RHG. /u/Poloniex should clarify their plans and explain to the community why they have made no justification for their actions. +Disclaimer: If you take a fully passive approach, this doesnā€™t apply to you. DCAing VOO/SPY/whatever index is the best low effort way to get rich over time. + +Lately Iā€™ve seen countless ā€œitā€™s a bubbleā€ posts everywhere. Are SPACs a bubble? Yes. Is green energy a bubble? Yes. Are EVs a bubble? 1000% yes. Same with other sectors like marijuana. Frankly, anyone buying longterm positions in a Tesla, Plug Power, Nio, or any of these other companies that had a 1000% run up will be in for a rude awakening on any multiples contraction or sentiment shift. I imagine Iā€™ll get pushback on this, but a company like Nio is priced to perfection with a near $100B market cap while selling a few thousand cars. Interesting to me that people call these companies the future without realizing how much theyā€™re actually paying for these holdings. All that being said, Tesla, Nio, etc could double again this year and I wouldnā€™t bet against it. + +Naturally, there are comparisons to the dot com bubble. ā€œWhen it pops, youā€™ll lose 90%!ā€ For the Tesla cult, such as the guy who went viral for quitting his job and just living off of Tesla stock, yeah heā€™s probably screwed. However, most making the argument about the bubble popping conveniently leave out the people who rode the hype wave up and cashed out. + +It took months for the dotcom bubble to fully crash, and investors had countless opportunities to cash out after a 5,10, and even 20% drawdown from the peak. 90% crashes donā€™t happen overnight, they take time. With 0 commission trading, itā€™s never been easier to hit the sell button, but people panic and hope that their holdings will rebound. Hopium is certainly dangerous. At some point, buyers will stop coming in, and Nio at $100B market cap will look ridiculous in hindsight. + +But right now, there has been and continues to be a lot of money to be made. Talking heads on CNBC calling for reckless trading by the new gen investors are assuming that everyone is just buy and holding for the longterm. + +People who have been riding momentum have made an absolute killing over the last year, while everyone screamed bubble! Valuations will ALWAYS matter in the longterm, but prices can become disconnected from reality for a long time as buyers chase them higher. + +Itā€™s easy to sit back and scream ā€œBubble!ā€ But IF you actively manage your portfolio (again does not apply to DCA gang), Iā€™d imagine youā€™re a bit salty for missing out on gains. When thereā€™s money to be made, make it. Just donā€™t forget to sell. + +The real issue is the group that thinks all these green energy or next gen companies will take over the world, and theyā€™re buying for the longterm. News flash: if you read through their quarterly reports, most of these companies are overvalued, low margin businesses that are supported by people investing in an idea, not the reality of the companyā€™s financials. Most of these hot sectors are fantastic for trading, but buyer beware for long holders. + +Personally, I am fully aware that SPACs are in a bubble like state, but I have been determined to make as much $$$ as possible until market conditions change. Being cognizant of risk and market conditions is important, and Iā€™ve had a fantastic year while keeping my eye on the exit. + +In summary, people tend to scream ā€œbubbleā€ when they missed out on the ride. After all, no one would choose less money over more. Longterm investors in bubble sectors will be in for pain if they hold all the way down after a pop, but a ton of money is made on the way up. George Soros once said, ā€œWhen I see a bubble, I rush in and buy.ā€ Just an interesting thought. At the end of the day, weā€™re all trying to make money. Not a sin to ride the wave. +This is an entirely unromantic and cold post, but I need to be realistic. Nobody enters marriage thinking it could break up. But the statistics aren't great. So I was wondering if anyone had advice on what I could do before marriage to best protect my assets if things did take a turn for the worse. The obvious answer is a prenup, but that's not going to happen. +We currently live together in a rented flat. We earn similar wages at present, about 30k each. +Through earlier inheritance, I own an overseas property worth Ā£500k which I currently rent out. +I also have investments and savings worth about Ā£80k and no debt. +She has about 10k in savings, but no other assets and quite a large student loan. +At present our finances are completely separate. We split bills down the middle and take turns buying groceries, things for the house, paying for holidays, dinners etc. I end up paying about 3/4 which I'm fine with as I earn more money. +We intend to open a joint bank account soon and pool some of our money, while keeping it mostly separate after marriage. +Our goal is to buy a house together in the next 3-5 years. I intend to keep the overseas property if possible. +All our parents are still alive. She is likely to have very little inheritance, whereas I stand to inherit several million which complicates matters further. +Obviously I love her and hope to spend the rest of our lives together, but Ive seen too many horror stories that Id appreciate advice as to how to approach this marriage and keep my assets safe. + + +[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. + +[šŸ“š Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [šŸ“š Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [šŸ“ˆ Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [šŸ¤” Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [šŸ’» Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [šŸ’” Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [šŸ“° News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [šŸ¤” Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [šŸ‘½ Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[šŸ“³Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [ā˜ 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!* +Tl;dr boyfriend's mom committed suicide. Got a letter in the mail saying her bills for the hospital and life flight aren't gonna be covered by medicaid, and she didn't have health insurance either. + +It's a long story full of stress and anxiety. My boyfriend has been having to deal with a ton of paperwork after his mom killed herself. He's trying to get things covered but it seems nothing will help with the bills and it's all going to go against the house that she owned. + +All together it's over $150k and he's saying if the house is sold the money goes to cover the bills before he can get anything. We wanted to put the house in his name and move in but now with all this he's having second thoughts about it due to all the bills getting put over his head. + +He's the sole beneficiary and has notarized papers saying he's the one who is taking care of all his mom's things after her passing. Probate hasn't really helped and neither has the hospital when it comes to trying to find coverage. He looked to medicaid to see if he can get the bills covered there and they've sent a letter basically saying they won't. + +He's tired and stressed and I want to try to help him get this all sorted out. Is there anything he can do to try and alleviate all these bills? + +Edit: Thank you everyone for the advice. I don't have time to reply to everyone but I do appreciate all input and am reading everyone's comments + +I'm not sure if your all interested in me blabbing on here but seriously I came across crypto 3 years ago when ETH was cheap as fuck......... + +I couldn' t afford a house at the time with the market being so high......... +. + +so I invested inĀ  ETH and now have enough for several down payments on houses because I Held the fuck on for dear life.......... + +hope you all have a happy crypto story to tell in the comments don't be shy we all on the sameĀ  team I hope! +Cheers šŸ„‚šŸ»šŸŗšŸ»šŸŗĀ  hope you all see green candles and positiveĀ  vibes!!!!!! +Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā  +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! + +Kinda a newbie here, started investing a month back in a couple of liquid and gilt debt funds. Was looking into equity funds, and the ETF FoF started coming up. I have zero experience in stocks, so that's that +What's the difference between the Nifty50 ETF and the FoF mutual fund? Is there any advantage of investing in the FoF if the FoF invests everything back to the ETF? And on what metrics should I choose which ETF or ETF FoF to invest in? +Hello All, + +This is a throwaway account since I'm not comfortable talking about this on my usual handle. + +I am 26 years old and have been very fortunate to have invested early in a number of cryptocurrencies. One of them recently went up greatly in value to the point where if I cash out I'm at 73% of my 600k FI goal if I choose to convert it to fiat money. + +The currency in question has great potential for growth still, and it is not unthinkable that the value will double over the next 6 months. However there is always the chance it loses 90% of its value. + +I've never had to make decisions about this amount of money before. Part of me believes the value of this investment will go up, and part of me fears o lose it all. + +At the same time I'm conflicted about the fact that at age 26 I plan to be actively working for a number of years anyway, so even if I got very close to FI suddenly it would not change much. + +Any perspective is very very welcome, thank you. +Long time follower and first time poster here in AusFinance. Hereā€™s a little background information about myself. + +Iā€™m 27, currently been in a Business Development Executive role for 3 years on a pretty average salary of around $73k including super + between 10-20% bonus paid annually. I completed 2 years of Law at uni and decided it wasnā€™t for me and there is no career progression in the company I am at now and isnā€™t really what I say Business Development as others would understand. More a telesales person who doesnā€™t actually sell anything and gives little engagement and no sense of accomplishment. + +I love computers, have been learning little bits of coding using Visual Studio Code and playing around with React. I would love to make a change in my career and get into IT/software engineering but not sure where to start. Am after suggestions on courses I could take that will allow me to land a job in that field. Is a bachelor degree required? Would prefer not to go back to uni. TAFE? I just found Academy X that offers a 10 month Software Engineering part time over 10 months. + +Hopefully this is the right place to get some advice šŸ™šŸ¼ +Major newbie question, I know. But I'm curious. + +I'm not a major crypto enthusiast and despite doing a lot of research, all I've come to understand about crypto is that 1. it's very volatile and risky, and 2. it can have serious payoffs when you hold. Still, I have $1,000 of disposable income that I wouldn't mind throwing at crypto and holding for a few years. Is this even a worthwhile strategy, or am I wasting my time? If I'm not wasting my time, which exchange platform would you say has the lowest costs to hold BTC? + +EDIT: Holy crap, didn't expect this to be a top post! Thanks for all of the recommendations and awards! I'm still really interested in investing in BTC and ETH, but I would appreciate more exchange platform recommendations if possible! +Is there anyone on here that has per say 100 shares of GOOGL which means a $227,000 account or maybe 400 shares of NVDA which means a $230,400 account, IE a large account but only in one company that you have been running the wheel on or maybe just selling covered calls? + +The 0.3 delta weekly CSP on GOOGL would get you $1330 per week in premium or just under $70k a year. This is a very livable wage. + +Conversely the 0.3 delta weekly CC gets you $1225 a week in premium which is right at $64k a year. Again, very livable. + +Iā€™m just curious if anyone with a larger account is trading with just one company and if so how is it going versus the always stated ā€œyou should never own just one companyā€ + +Thanks. +So you want to get in on the craze, but you don't want to take as much risk as straight up buying the shares? This week I'll be going through the top 4 meme stocks and how much return we can get by selling weekly puts in a strategy known as selling cash-secured-puts. + +I've never seen anything like this, some of the names having 20-25% return on weekly options. I'll add the charts just so you can see how these stocks have been trading, but theres no point drawing "support" when the volatility is this high and there is no trend other then hard up or down. Most of the stocks on this list have been having swings of 100% to 50% per day. + +For anyone that's new to options. I am selling CASH SECURED PUTS, please do research before you enter any positions. + +\*Disclaimer: This is not financial advice and these names are extremely high risk with the volatility surrounding them. + +&#x200B; + +&#x200B; + +**GME - Stock Price $325** + +https://preview.redd.it/qavthiavaqe61.png?width=1772&format=png&auto=webp&s=9f9135df917a61dba2a1f5b1ca24921f1981233e + +Weekly Implied Volatility: 700% + +Return: $210 strike put sold to open (approx 30% drop) can collect $5,500 premium or a return of just about 25%. + +&#x200B; + +**AMC - Stock Price $13** + +https://preview.redd.it/xj3k9kbwaqe61.png?width=1772&format=png&auto=webp&s=0752ed4c004d19a3bebb3da9a1c5f57f6c24aec2 + +Weekly Implied Volatility: 600% + +Return: $10 strike put sold to open (approx 30% drop) can collect $260 premium or a return of about 25% again. + +&#x200B; + +**NOK - Stock Price $4.50** + +https://preview.redd.it/07xwk93xaqe61.png?width=1778&format=png&auto=webp&s=9b35e24fe475ec72d3cb65169f7c785112e712bd + +Weekly Implied Volatility: 200% + +Return: $4 strike put sold to open (approx 10% drop) can collect $15 premium or roughly 4% return. + +&#x200B; + +**BB - Stock Price $14** + +https://preview.redd.it/rmwhivayaqe61.png?width=1772&format=png&auto=webp&s=249b67a425f3012d55aa37d56dfc535ecb787d0e + +Weekly Implied Volatility: 300% + +Return: $12 strike put sold to open (approx 16% drop) can collect $130 or roughly 12% a return. + +&#x200B; + +A return this high on options that expire in 4-5 days is incredible. Obviously very very risky, but anyone looking to potentially capitalize on the increase in volatility and also wants to get in on the action, this a nice way to own the shares at a discount or collect premium instead. +Considering buying 200 shares during premarket then selling 2 $25c 11 DTE. + +Based on everything I've read many people seem to think PLTR is undervalued. It was announced yesterday that Cathie Wood bought more on Friday and sold AAPL and FB. I know you shouldn't base your moves on other people but this seems like a good sentiment. + +The only bear article I found was this: https://finance.yahoo.com/news/palantir-sell-off-not-over-184537707.html + +which basically says there's decelerating revenue growth, and a few top executives sold many of their shares. + +Is anyone else wheeling PLTR? +So you want to get in on the craze, but you don't want to take as much risk as straight up buying the shares? This week I'll be going through the top 4 meme stocks and how much return we can get by selling weekly puts in a strategy known as selling cash-secured-puts. + +I've never seen anything like this, some of the names having 20-25% return on weekly options. I'll add the charts just so you can see how these stocks have been trading, but theres no point drawing "support" when the volatility is this high and there is no trend other then hard up or down. Most of the stocks on this list have been having swings of 100% to 50% per day. + +For anyone that's new to options. I am selling CASH SECURED PUTS, please do research before you enter any positions. + +\*Disclaimer: This is not financial advice and these names are extremely high risk with the volatility surrounding them. + +&#x200B; + +&#x200B; + +**GME - Stock Price $325** + +https://preview.redd.it/qavthiavaqe61.png?width=1772&format=png&auto=webp&s=9f9135df917a61dba2a1f5b1ca24921f1981233e + +Weekly Implied Volatility: 700% + +Return: $210 strike put sold to open (approx 30% drop) can collect $5,500 premium or a return of just about 25%. + +&#x200B; + +**AMC - Stock Price $13** + +https://preview.redd.it/xj3k9kbwaqe61.png?width=1772&format=png&auto=webp&s=0752ed4c004d19a3bebb3da9a1c5f57f6c24aec2 + +Weekly Implied Volatility: 600% + +Return: $10 strike put sold to open (approx 30% drop) can collect $260 premium or a return of about 25% again. + +&#x200B; + +**NOK - Stock Price $4.50** + +https://preview.redd.it/07xwk93xaqe61.png?width=1778&format=png&auto=webp&s=9b35e24fe475ec72d3cb65169f7c785112e712bd + +Weekly Implied Volatility: 200% + +Return: $4 strike put sold to open (approx 10% drop) can collect $15 premium or roughly 4% return. + +&#x200B; + +**BB - Stock Price $14** + +https://preview.redd.it/rmwhivayaqe61.png?width=1772&format=png&auto=webp&s=249b67a425f3012d55aa37d56dfc535ecb787d0e + +Weekly Implied Volatility: 300% + +Return: $12 strike put sold to open (approx 16% drop) can collect $130 or roughly 12% a return. + +&#x200B; + +A return this high on options that expire in 4-5 days is incredible. Obviously very very risky, but anyone looking to potentially capitalize on the increase in volatility and also wants to get in on the action, this a nice way to own the shares at a discount or collect premium instead. +Around year 2014, I remember the same hype for Netflix which Tesla has in recent years. Then around 2018 we started to discuss if the mainstream media companies are catching up and they indeed did. We do talk about the contemporary automotive companies finally catching up with Tesla. What happens to the $TSLA stock proce then? +I have a relatively stressful job that requires long bouts of concentration with somewhat long hours, but it allows me to make fatFIRE income (300k+ early 20s). + +I remember back in college, there were "drug dealers" roaming around classes, and rumours had it around 1/3 were taking it to help them study; the ones I knew who took them eventually got great grades and good jobs later. One guy was on a cocktail of 4 drugs (anti-anxiety, anti-depressant, stimulant, sleep aid), but he was a machine. I never took any of that. + +However, in the past year with COVID, I went to go see a psychiatrist, and they prescribed me an anti-depressant with stimulant properties. Ever since I started taking it, my productivity has noticeably increased. It's no longer a grind to work those long hours doing somewhat boring stuff 80% of the time. Before this, I was considering taking a lower-paying job that had better work-life balance to take care of my mental health. With this drug however, I'll probably be able to ride it out smoothly for the next 10-15 years, reaching my fatFIRE number around then. + +I don't think this is anything new (bankers taking cocaine, and doctors/lawyers self-medicating). Would you personally take psychiatric drugs if it helped you reach fatFIRE earlier/more easily? I also think this may have detrimental consequences to society as statistics have shown that more and more college students and young professionals are taking these to gain an advantage over their colleagues ([https://qz.com/812604/millennials-took-adderall-to-get-through-school-now-theyve-taken-their-addiction-to-the-workplace/](https://qz.com/812604/millennials-took-adderall-to-get-through-school-now-theyve-taken-their-addiction-to-the-workplace/)). Those who don't take it are at a disadvantage, but if eventually too many people take them, then no one is at an advantage anymore. +One of the core tenants of FIRE is spending money mindfully. Each potential purchase is questioned in terms of whether the happiness it will bring will be worth its cost. And yet, I do not see the same way of thinking applied to earning income among FIRE people. + +Like spending, earning income has a cost. That cost is usually in the form of spending time. Whether you're talking about working extra hours to get ahead, starting a side hustle, etc, the nature of getting someone to pay you to do something is generally that you have to spend time doing something you wouldn't otherwise do (if that wasn't the case, then why would they pay you to do what they could get for free?). FIRE is all about freeing up as much time as possible to do the things that are important to you, so we should see this as a definite cost and affront to our goals. + +Given the amount of threads I see about moving up in your main job, starting side hustles, etc, I see behavior more symptomatic of people who compulsively want to horde money rather than people that are trying to maximize their time while having enough money to do what makes them happy. + +Because of that, much like I gladly intentionally spend money for purchases that I think will bring me a lot of happiness, I also gladly pass by opportunities to increase my income that will eat unacceptable portions of my time, add undue stress, or otherwise make me unhappy to the point of not being worth it. + +My manager has explicitly said I'm overdue for a promotion and given me suggestions for side projects to work on (extra hours outside my normal work week, of course) that he said he could use directly to try to justify me getting a promotion to the larger board of managers. I gladly declined and have not yet regretted it. Anyone else feel the same way I do? +First of all: i am not FIREd and have actually only been pursuing this for about one year BUT over the past year I built a small source of passive income (that is not investing) which covers my monthly rent (I'm 26m, no debt, no spouse/children). + +So, covid. I work in mobility and am based in Europe which essentially means my company is fucked. We had to shut down all operations in the italian market and the situation is likely to get worse everywhere else in the next couple of months. I am not gonna lose my job, probably, but many of the projects I was working on have been put on hold and I'm likely gonna be asked to reduce my working hours or take some unpaid time off, which is okay... because I don't need the money. Even if i were to be laid off tomorrow I would still be able to cover my expenses with just my side income and the extra free time would even allow me to scale it further. + +So I just wanted to post this here because... I kinda feel already financially independent. Doesn't mean that i don't have to work to live, I don't have a lot of money invested, and two of my three sources of income (my office job and my investments) are currently fucked but the other one is not and this alone gives me a huge sense of freedom. + +Diversify, folks. + + +EDIT: My source of income is Print on Demand (POD), and I recently started looking into affiliate marketing as well. +Interested to hear from you traders, how do you value ETH? Is it just getting started / ready to moon? Or do you think that was it and it's a little frothy, needing a down leg or consolidation? +Banks have charged low income Americans $12.4 Billion in overdraft fees in a year, this is an all time high, never have they taken this much. + +And nothing is being done against it. + + +But when some guy orders weed and pays with Crypto, it is a serious problem the nation need to solve and some politicians cant stop talking about it. (By the way: in 2020 just 0,34% of all Crypto transactions were connected to crime, an all time low) + +[(source on crime)](https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf) + +[(source on overdraft fees)](https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/) +According to a new survey from consumer finance website [MagnifyMoney](https://www.magnifymoney.com/blog/news/emotional-investing-survey/#EmotionalMethodology), 32% of U.S. investors say they have made trades while drunk. Gen Z members fell into the trap the most of any generation, with 59% confessing to drunk trading, while 9% of baby boomers admitted to trading under the influence. + +&#x200B; + +[https://www.marketwatch.com/story/more-than-half-of-gen-z-investors-admit-to-trading-while-drunk-11629382517](https://www.marketwatch.com/story/more-than-half-of-gen-z-investors-admit-to-trading-while-drunk-11629382517) +Just a couple of months ago, Rivian delivered its first vehicles, mostly to its own employees. It will only produce about 1,200 units by year-end at its plant in Normal, Illinois. + +To put it in perspective, NIO sold 142,036 electric cars on the most recent 12 months. + +Rivianā€™s valuation is huge, and its $78B market cap outpaces Chinese EV maker NIO ā€˜s (NIO) $63 billion market value, and it is more than those of EV start-up Lucid (LCID) and XPeng (XPEV) combined. + +Ford has a market cap of $78.4 billion, GM's is $84.4 billion and Stellantis NV, the former Fiat Chrysler, is valued at $64 billion. + +Quoting An article from a few days ago when Rivianā€™s was valued at $52 billion ā€¦ The $52B valuation implies that Rivian will sell 2 million vehicles in 2030, or nearly 2.5 times the number of Tesla (TSLA) vehicles produced over the past 12 months and 66% more vehicles than Honda sold in the U.S. in 2020. + +These manufacturing milestones are highly improbable given Rivianā€™s lack of manufacturing infrastructure and experience as well as the intense competition it faces in the EV market. +I performed an analysis to see if social security payments for old age should be delayed, or claimed earlier. + +For members of this sub, social security payments may be not a matter of survival -- people have savings and/or other means of income. This opens a possibility to invest this money. Ultimately, it will included in the amount a person leaves to his or her heirs. If this is the intent, do I delay the start of the payments or start early? + +I did not go into spousal benefits; the analysis applies to a single person. (But I assume that for couples it will be similar.) + +The conclusion is: if at 62 you do need social security money for everyday expenses, get it because you have no other choice. If you do not need this money for everyday expenses, get it anyway and invest. + +Mathematical details can be found here: + +[https://drive.google.com/file/d/10FEtbhfEeA59RxQN6FPtlswDKkS2JksO/view?usp=sharing](https://drive.google.com/file/d/10FEtbhfEeA59RxQN6FPtlswDKkS2JksO/view?usp=sharing) + +&#x200B; + +Edit: thanks to everyone for comments. + +A friend sent me an email. Apparently, [fool.com](https://fool.com) have looked into this. Judging by their plots, they have come up with the same math, but without exact numbers it is difficult to say with certainty. Here is a link: [https://www.fool.com/retirement/general/2016/05/08/should-i-claim-social-security-at-62-and-invest-it.aspx](https://www.fool.com/retirement/general/2016/05/08/should-i-claim-social-security-at-62-and-invest-it.aspx) +Hello - Title: + +After reading 9 books on day trading, technical analysis, ect.... and then subsequently doing the exact opposite of what I learned due to falling prey to FOMO and every other cognitive bias, emotional response, et al, I have learned that I literally don't have (or want) the stomach for day trading. I + +What are the best algo options available in your experience? Specifically, what are the available/reliable programs and API? I've researched via google, investopedia, but I'm more interested in what you, the folks who are smarter than me, have as far as experience and recommendations. Essentially, please explain my best options in finding and using Algo as a private retail investor as my goal is to take the human (me) out of the trade equation. + +Also, any book/ educational recommendations would be appreciated. I'm working on [brilliant.org](https://brilliant.org) / Khaaaaaan academy doing all the statistics/computer science my brain can handle daily. What else can would you recommend. Lastly, would it be easier/cheaper/better value to hire a quant to help me build my own algo? Thanks so much and please accept my deepest appreciation for both taking the time to read and giving the thought to answer. \*Edit - missed spelling mistakes +Hey, + +To preface, I am new here and I am relatively new to the market, but I have a lot of experience with programming. + +Long story short, I've made a thing that calculates the probability of a move up or down on a minute by minute basis. It has shown to generate an average of 14% weekly return based on my simulated runs on the price history of various stocks, and that is in this bear market. So now I am now starting to look into implementing it in real word trading. + +The problem is I made this without much consideration for the fact that it is placing an average of 73 simulated buy and sell orders every day. My question is about settled cash and buying power. I assume that even with a margin account, you cannot infinitely day trade. So in order to be able to buy and sell $5,000 worth of stock 100 times per day, you would need something like $750k cash in the account assuming a 3 day settlement period. Personally I would not want to use margin, so it would actually be more like 1.5M. + +Am I right about that? Is there any broker that offers a true instant settlement time so you could endlessly day trade? + +Sorry if this is a stupid question. + +Thanks +I wanted to have a demo with 1k usd, but i managed to have some profits and get to 5k. +So i wanted to go back to 1k account and start over again, training wise.. +But i could not lose money, i did the exact opposite of what i would have done to win.... And still win ! +Thats when i came to realize, how random is the market. +Next week im gonna try roll a dice and place trades ! +What platform would you recommend for someone with a python programming background who wants to dive into daytrading (first with papertrading of course) with futures and options with technical analyse skills and deep learning skills. These prerequisites are important for me: + +\- I would want to write my own machine learning algorithms with python and would be great if the platform has API's. + +\- This platform should have basic indicators (like rsi, macd, zigzag, etc) and tooling what can create triggers. + +\- Drawing abilities (support and resistance lines) and fibonacci retracements. + +\- real time data for different US and EU markets + +\- Backtesting abilities +I have a dataset which includes equities pricing + other kinds of data that take up about 3TB sitting in a WD 5TB external HD. My main workhorse is just my macbook pro right now. + +I'm looking to run a bunch of backtests where the computation would be performed on (presumably) my laptop but the data would be sitting outside of it because of space limitations. What would be a recommended setup, if I want decent speed and redundancy - e.g. putting the data in a NAS drive perhaps? +http://www.huffingtonpost.com/tobias-van-schneider/no-alcohol-no-coffee-for-15-months-this-is-what-happened_b_8723958.html?ncid=fcbklnkushpmg00000063 + + +I thought this would bring up an interesting debate. Guy in NYC stops drinking alcohol and coffee and says he saves $1000/month. Also thinks it's completely "normal" for someone to go out for drinks *every, single, day*. What do we think, /r/pf? + +Long story short I owe my parents $3000. I need help. If I donā€™t get them that money by August then I canā€™t go to school.. which I need as soon as possible I do not want to wait another year. + + +Any ways to make decent money in that time span? My current job started full time but recently Iā€™ve only been working like two days a week and that wonā€™t get it done. My monthly expenses are about $200 (insurance and phone) + + +Please help me:) + + +Edit: + + +To clear a few things up: I live in Illinois outside of Chicago. I live with my parents. I owe them this money because I stopped going to Community after a few weeks last fall and they figured I should pay the money back +Iā€™m not sure if this is the right subreddit, but I could use some advice. I bought a home before I got married it is in another state and has had tenants in it for 5 years now. It makes a nice profit that we use to pay my wifeā€™s student loans, and put away for a baby fund. I have 12 years worth of equity in it, plus appreciation. + +In December 2019, my wife went on maternity leave-we used the baby fund; Covid hit in March; and she lost her job end of March. She was able to access all her clients though and decided it was better to start her own company and keep doing her thing. Meanwhile in April, I decided to refinance our primary residence. Because my wife was busy starting her start-up, I just refinanced the property in my name only. + +An opportunity has presented itself to buy a third rental property and I would like to buy in. When I contacted my bank about a HELOC they stated my debt to income ratio was 70%. They did not count my wifeā€™s salary since she only has 2 months worth of time in her new job, and no paycheck December till March. They stated that since both liabilities are in my name only the debt to income ratio was too high. This is in addition to standard liabilities like cars, 37 new windows, and student loans. + +I asked about a cash out refi on my rental property and they said that was not possible since it is not owner occupied. + +Are there other suggestions for how to access some of my equity? Is this going to be the story at every bank? Thank you all for your feedback + +Edit: just wanted to say thank you all. I have a call tomorrow with a smaller bank Iā€™ve held an account with for awhile and the. Iā€™ll start hunting small banks near me. I appreciate the ammunition of discussing other types of loans other than the typical heloc, refi that I thought of and will start running those down soon too. +Just got a rental under contract and only getting interest rates north of 7% with 25% down, low DTI ratio and stellar credit. My last rental in Jan 2020 is at 2.85% but the same broker is now quoting 7.125% for a similar property with not much changes in anything else. I know the rates have gone up but was hoping to lock in before another fed hike next week but is the market pricing it in already? I got multiple quotes and theyā€™re not much different. +I have a couple opportunities in front of me to cultivate relationships with one investor who is in residential and one who is a major developer in my area. Thankfully both are family friends and were happy to grab coffee with me when I reached out. I constantly read and listen to podcasts so I will not be going in with zero knowledge, however I have not done a deal yet. + +&#x200B; + +Since I am brand new to this I want to make sure I am not wasting their time. As an investor, what questions do you feel a beginner could benefit from the most? I thought I might run numbers on some properties and present them with deals I find just to show I am serious about it. Right now I have a small list: + +&#x200B; + +1. How are you finding deals in our market? +2. How many properties do you currently own? +3. Process for buying properties? +4. What would you do differently if you started from the beginning in today's market? + +Edit: Iā€™ve been asked to update with responses so once I finish both meetings I will post an update of responses from each individual. I live in the south with population around 300k so numbers may vary depending on your location. +I have a couple opportunities in front of me to cultivate relationships with one investor who is in residential and one who is a major developer in my area. Thankfully both are family friends and were happy to grab coffee with me when I reached out. I constantly read and listen to podcasts so I will not be going in with zero knowledge, however I have not done a deal yet. + +&#x200B; + +Since I am brand new to this I want to make sure I am not wasting their time. As an investor, what questions do you feel a beginner could benefit from the most? I thought I might run numbers on some properties and present them with deals I find just to show I am serious about it. Right now I have a small list: + +&#x200B; + +1. How are you finding deals in our market? +2. How many properties do you currently own? +3. Process for buying properties? +4. What would you do differently if you started from the beginning in today's market? + +Edit: Iā€™ve been asked to update with responses so once I finish both meetings I will post an update of responses from each individual. I live in the south with population around 300k so numbers may vary depending on your location. +ALL Knowledge and advice is welcomed! Im eager to get involved but dont know where to start:/ +I live in texas for those familiar with the market here +I dont have real estate background or experience. Eager to change that so I can stop being scared and just jump into it! +**Stats:** + +I want to retire from my corporate job at some point and am trying to build passive income. I have 2 properties under my name: + +1. Condo in Boston. \~0.5M market value, $350K mortgage (refinanced once). $2400 rent/month. After all expenses, mortgage and taxes, the profit is about $500/month +2. SFH in Denver, \~0.5M market value, $350K mortgage. $2500 rent/month. After all expenses, mortgage and taxes, the profit is about $800/month + +My day job pays \~0.5M/year and I have $1.2M liquid assets. I hope to have at least $5000/month passive income. + +**Questions:** + +1. Can I just refinance and buy new properties, rinse, repeat and build my real estate empire? Any risk owning many properties with mortgage? How many more can I afford? +2. How do I scale from personal level to "empire" level? Switching to LLC to hold properties? +3. Should I buy more cash flow properties? Can you recommend some markets? The 2 properties I have are better with appreciation. + +Edit: I prefer delegating management work to property management companies. I'm happy to invest anywhere in the US. +Hi All! I am using a throwaway because I don't want my financial information out and about. + +I have enough funds that I can pay off my CC debt in full, but I don't know if it's a good idea. So, I need help. I'll give you the numbers since I know we like numbers here. + +I am 27F, live alone with a 1 year old cat. Bills are $1,731.00/month, or $865 biweekly. I can't remember my annual wage since I actually just received an increase from $18.00/hour to $22.00/hour. My take home pay averages about at $1,170.00 biweekly now, but it's only been one paycheck, so too early to be comfortable enough to quote my expectations. + +However, at the end of me balancing my bills every two weeks I've just been taking what's left over in my ledger and making that my credit card payments. For instance, last payday after taking $865 from my paycheck I had $363 left. The check before that, I had $178 left. So clearly a good difference, especially for me. + +I live well within my means, but I had a lot of things come up this year and I've never had credit card debt before. That may sound fortunate, and I am grateful, but I had a lot of hungry days to avoid it. Now I'm using credit cards to my advantage, rather than being scared to use them. I work from home, and biweekly spending can either be $200 or $400 depending on what comes up for me. This includes any and all purchases that are not scheduled monthly payments. + +I have collectively $5,500.00 in savings that I like keeping as my "cash and immediate" emergency fund. It's earning 1.50% APY. + +Here's the nitty gritty: +Wells Fargo BAL $2,281.47 0% APR through May 2023 + +Discover BAL $401.56 25.25% APR + +Amazon BAL $737.56 21.49% APR + + +If I pay them all off with my savings balance I'm left with $2,073.64. But to me that's not anywhere near comfortable in case a vet visit comes up (foreseeable), or I lose my job (not foreseeable). + +My savings used to be $11,000.00 until shit hit the fan. A break up meant I was now responsible for the amount of bills I now pay, and at the time I was not ready. At the same time some medical things and my new cat came up, so that's where the debt comes from. Now I'm in a much better place mentally and emotionally, and I'd like some advice on what I should do financially. Should I go ahead and pay off the cards with interest, and try to build my savings back up? Should I continue doing what I'm doing? Should I pay it all off and hope for the best?? + +I help people with finances every day for a LIVING and i can't seem to get out of my own head on this. + +Thank you! + +ETA: Well yall got my head out of my ass in 15 minutes when I've been thinking about it for weeks. I'm getting that interest far away from me -- I think this one was pretty cut and dry to solve but I'll leave it up in case others can benefit :~) thanks to everyone who took time out of their day! +Like the title says, I am studying abroad, so I don't have income right now. Basically I went through my savings a lot quicker than I thought, now it's looking like by the end of the semester I may be in 2k of credit card debt, or I can sell all my securities now and prevent that. Most will have capital gains except for one . I was in the impression I shouldn't sell my stocks unless there's an emergency, and I don't think credit card debt is an emergency, especially only at $2k. But what do you guys think? + + I know debt is not a financially smart thing to go into, but when I go home, I'll have my job that I can pay it off over a few months. + +Edit: looks like I should sell stocks. Thanks everyone, I've learned a lot. Now, question 2, is my stock that's lost me money (BABA) a sunk cost and should be sold at a lost, or should I let it's upward trend keep going or hold and let it at least get back to my cost basis or even profit? I only have a few shares so we're not talking thousands of dollars on the line. +Let me just start by saying I know next to nothing about economics. Because of that, I know little about the direct ramifications of a bubble popping besides some sort of recession. All I remember from 2008 though was that houses were foreclosed. Seeing as how it was a housing bubble, it sort of makes sense. I'm now realizing that student debt is an economic bubble like the housing bubble was, which means it'll pop and we'll be in another recession. But you can't just foreclose houses on students. So what will this bubble do to the students who took out loans? Will they persist? Will something get worse for them? +http://socialdemocracy21stcentury.blogspot.com/2013/06/gardiner-means-on-administered-prices.html + +> ā€œ... the actual behavior of administration-dominated prices ā€¦ tends to differ so sharply from the behaviour to be expected from classical theory as to challenge the basic conclusions of that theory. However well the theory may apply to market-dominated prices, it would not seem to apply to the bulk of the administration-dominated prices in the sample or to that part of the industrial world which they typify. Until economic theory can explain and take into account the implications of this nonclassical behavior of administered prices, it provides a poor basis for public policy. The challenge which administered prices make to classical economics is as fundamental as that made by the quantum to classical physics.ā€ (Means 1972: 304). +There is a lot of discussion about who should be taxed, how much, when, etc. The current system is impossible for most ton understand given its complexity, which makes overly simple solutions sound good to others (999, for example). + +This got me thinking; it's a huge waste of time trying to keep track of and enforce various tax codes, especially for people and companies trying to be compliant. + +So, what would happen if we changed our monetary policy, such that there are no taxes, but the amount of money in circulation increases by 30% (+/- 15%) per year, enough to meet our budget needs? This would heavily incentivise spending and would serve to even out wealth distribution gradually, while saving billions in the tax collection process. +So I keep hearing that modern banks don't need to adhere to the former concept of being limited by reserve requirements to loan out money and that is an outdated concept. The modern banks apparently use double accounting which basically means they can give unlimited loans. However if that is the case what is the point of the reserve requirement? + +&#x200B; + +This is the Money and Macro channel saying the same thing: [https://www.youtube.com/watch?v=cDNSNX48Kmo](https://www.youtube.com/watch?v=cDNSNX48Kmo) + +Economics Explained also said the same thing (however I cannot find the video right now). +As a person with a background in Mathematics, who has also done a minor in Economics, I've always been highly skeptical of the assumptions Economists make when building their models. As far as I can see, Mathematical modeling is effective in Physics because the systems studied are much, much simpler than those in Economics, due to fewer variables and the lack of free will in natural objects. Austrian Economics seems to recognize this, and rejects the use of Mathematics and symbol pushing in the study of Economic systems. Austian Economists have also predicted the rise of Bitcoin, whereas some classical Economists has failed miserably in this regard. Now, obviously, my Economics background is not as extensive as most of yours, so my feelings that the Austrian School is more suitable to real world use might be misguided, or logically flawed. This leads me to my questions: Is there something I'm missing about the use of Mathematics in Economics? and why is Austrian Economics usually not well regarded in academic circles? +Virtually any index we can look at indicates that NAFTA has been good for all three countries. The EU has been good for the UK. TPP is projected to be good for all countries involved. Real wages have gone up, manufacturing output in America has gone up (also becoming less labour intensive and more efficient). Times are not that tough. Even in states like Ohio the unemployment rate is about the national average. + +So why do you think there is such an enormous disconnect between the perceived costs of free trade and the actual benefits of free trade? Do you think it is propaganda from the producers? Lack of resiliency in the labour force? What is it? +Hey in my country there is a certain city that can be reach by car or by plane. Only one company flies there. The car way was closed because of natural causes (rocks blocking the way) the airplane company doubled the prices of the tickets. People in my country are complaining that this is a monopoly I dont think it is but is just a matter of supply and demand but I am not economist so what do you guys think? +My teacher explained this quite horribly and I have no idea what he was on about, all he said was the minimum profit required to keep the entrepreneur in the market and then he said AR=AC and then said, profit(the reward for enterprise) can be considered as a cost, I have no idea how any of this is supposed to correlate, could someone explain this to me. +I re-read an old [article](https://www.washingtonpost.com/opinions/turned-off-from-politics-thats-exactly-what-the-politicians-want/2012/04/20/gIQAffxKWT_story.html) I had bookmarked, which compares political polarization and low voter turnout to a market failure. It seems like an apt comparison, but have economists indeed studied politics in the U.S. in this way? + +The author concludes: + +> Arms races, free riding, tragedies of the commons ā€” these failures in economic markets are well understood. The solutions usually involve some form of government action or regulation. But when similar failures occur in political markets, there are no institutions capable of stepping in and forcing the necessary collaboration or collective action. + +> Government canā€™t be the solution when it is the problem. + +Is voting really a failure in the market of ideas? Any insight this sub could bring from the point of view of economics would be welcome. +First year econ student here, so pls excuse general ignorance. Reading about 2007, I learned that the FED kept the interest rate at 1% for three years in a row in the decades prior, and this encouraged lots of borrowing because inflation was much higher. Why would a lender loan money out at all when the value of interest payments is less than the value of inflation they incur just by keeping the money, much less that of investing it? +In my economics college course, we were having an interesting discussion relating to the efficacy of Supply-Side economics. With Larry Kudlow becoming Donald Trump's economic advisor, Supply-Side seems to be making a comeback. This economic theory has been tested out before (with Reagan and Bush), but, the results have been quite foggy + +The debate between Keynesian (aka, Demand-Side), Supply-Side and the Classical Theories can be traced back for a while (probably since the Great Depression), but it really started to become a viable economic theory during the stagflation of the 1970s. The debate essentially comes down to this: to increase Real GDP, should the government intervene to increase aggregate supply or aggregate demand. Of course, the other option was to allow the free market self-correct (Classical Theory). + +The simple prospects of the economic theory include: + +* Cutting taxes for corporations +* Subsidies for corporations +* Deregulation of the economy +* The Laffer Curve (the sweet spot tax rate for maximum tax revenue) +* **Essentially** Supply Creates its Own Demand (Say's Law) + +This theory has had a mountainous amount of criticism, such as corporations using the extra money to simply invest in stocks (completely disregarding the originally intended increase of aggregate supply), immense deficit explosions, increase in income inequality because of the tax burden being shifted to the middle class, and much more. + +I would like to know if any of you believe "Trickle-Down" is still a viable theory to economic prosperity (though that term in-of-itself has many factors to consider). +Thought it might be interesting to see what everyone is holding, may be something we can do once a month or so just out of curiosity? šŸ¤” + +Post your holdings in order of largest -> smallest. + +I haven't done much buying or selling in the past several months, just been adding more to each on dips... current portfolio: + +* CAA +* ASH +* NVX +* XRF +* DRE +* GLB +* AVA +* GNG +* CGO +* PEN +* BSL +* EVS +* CI1 (lol) + +and I also have ZIM on the NYSE for 14 stocks total... want to trim down to 10 at some point & will probably just eat the loss on CI1 and get rid of AVA if no news comes in the next couple of months as a start. + +How 'bout yourselves? šŸ˜Ž +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +So, had some time. + +[https://www.smh.com.au/money/investing/should-you-borrow-money-to-invest-in-shares-20210730-p58ed9.html](https://www.smh.com.au/money/investing/should-you-borrow-money-to-invest-in-shares-20210730-p58ed9.html) + +This is pretty rough. Seeking review before some accidentally sends it. + +\----------- + +Ms Irvine, + +I write to you as the representative of the Australia branch of TILSA (The International Loan Shark Association). While we are a small, tightknit, and obscure (dare I say, underground) community, members of our humble association are nonetheless present in every single advanced and developing country in the world. + +Firstly, I must admit that your recent series of article have fallen beneath the radar and were only recently introduced to us by members of small internet investment community known as r/ASX_bets. + +The stock exchange, as you can imagine, is not one of our core business areas. We have, however, been recently looking towards expanding the industries that we are pitching our services to, and the frequent patronage of the services offered by our members by the aforementioned ASX investment community has led us to prioritise the ASX investor as a particularly promising growth area. + +The frequent lockdowns (especially the current one Sydney) and potential of further ones across the eastern states (limiting access to the casino and local clubs) combined the rise of share trading via numerous internet platform has our organisation very excited and we expect great thing in the next year! + +Which is why it was both gratifying, and a little disappointing, to read your latest article on the Sydney Morning Herald exploring Margin loans and exploring utilising the equity in your house. + +Gratifying, in that you have demonstrated to all your readers the concept of leveraging to invest. Can you believe that there are some people who are unaware of the concept of borrowing money to invest in the stock market? We have quite frequently been holding small workshops for both our members and potential customers on how stock trading (that is to say, day trading) is at its roots not too dissimilar from the casino (a form of entertainment enjoyed by many Australians), many have been unable to conceptualise the idea of borrowing money to trade shares. + +In this regard, we offer our thanks from the depths of our hearts! + +As you well know, there is a stigma with gambling, and the patina of legitimacy that share trading offers allows us to bypass this unreasonable public perception. Once the idea of borrowing money to trade is seeded and allowed to germinate, why, the sky is the limit! + +However, our disappointment lies in your failure to mention us, or our affiliated services (Tom on Commsec, for example). We would appreciate it if you could amend your article to mention, even briefly, the services offered by our members. + +I mean, our services, while suffering somewhat reputationally, are at the end of the day, much much superior to margin loans or using the equity in your home. Those services take time, and are not available to all. What happens when you get a hot tip, a sure thing, and you need money quickly? Or when the banks are unreasonable with their lending (Such as Tom reducing the limits on his T+2 facility)? + +We would like you mention us as a reasonable alternative. + +Please donā€™t take this the wrong way, we are very grateful, and we look forward to developing a working relationship with yourself and hope to see great thing in the future. + +Kindest regards, + +TILSA +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Dude is a total Keynesian and has drank the Federal Koolaid. Almost willing to bet the phrase "It's not Quantatative Easing" will come out of his mouth. I really want to bring up something that trips up his economic viewpoints so my cousins and I have something to chuckle about when we're on the boat that I bought on Craigslist. If anyone has anything they potentially want said to slowly chip away at the Federal Reserve from the inside, now is your chance. +Iā€™m starting to shift my focus of finding good setups throughout the market to just mainly focusing on spy. Iā€™m thinking this because you donā€™t have to worry about earnings dates or anything, tight spreads on the options chain and that spy will always go up as long as you have the time and thereā€™s no major reasons for a crash. I was just wondering if anyone else takes this approach to mainly just swing/day trading spy and if not what are your go to stocks to trade? +Everyone says hold VGRO and the like. If it was that easy wouldn't everyone be rich? + +and if everyone holds index funds forever wouldn't that mean the underlying companies aren't accurately valued? +Canadian Imperial Bank of Commerceā€™s CEO needs a win this earnings season. + +Five years into Victor Dodigā€™s time as chief executive officer of CIBC, the performance gap between Canadaā€™s fifth-largest bank and its peers is as wide as ever. + +ā€œThey seem to be a day late and a dollar short,ā€ said Barry Schwartz, chief investment officer of Baskin Wealth Management, who has avoided investing in CIBC. ā€œThey seem to be swinging past the fastballs and missing the easy layups that the other banks get right.ā€ + +Dodig has tried recasting a bank that once had a reputation for walking into sharp objects into a modern, dynamic lender focused on accelerating earnings growth by simplifying its structure, improving relationships with clients and making acquisitions. But shifting strategies and inconsistencies have frustrated investors, including a mortgage misstep that saw CIBC go from leader to laggard in two years. + +CIBC is the only major Canadian bank to see its mortgage book shrink this year -- something thatā€™s particularly problematic given that home loans are itā€™s biggest consumer product. + +ā€œCandidly, I think we went too far left in slowing things down, put the brakes on too hard,ā€ Dodig, 54, told investors at a banking conference in September. ā€œWeā€™re readjusting for that.ā€ + +The bank lags behind peers on many financial measures: CIBC is the only Canadian bank to see profit shrink so far this year, with a 2.2 per cent decline. Revenue growth is less than half that of its bigger rivals. Profit at its biggest and most important division, Canadian personal and small-business banking, is down 10 per cent. Return on equity, a profitability measure, has been falling since 2016. + +Dodig will be under pressure to show improvement when the Toronto-based lender reports its fiscal fourth-quarter results, scheduled for Dec. 5. + +CIBC shares have underperformed the 22 per cent return of the eight-company S&P/TSX Commercial Banks Index since Dodig became CEO in September 2014, with its 8 per cent gain trailing all of Canadaā€™s Big Six lenders except Bank of Nova Scotia. + +The bankā€™s shares trade at a discount despite CIBCā€™s ā€œde-riskingā€ efforts because of managementā€™s inability to communicate its changing strategies to investors, according to Barclays Plc bank analyst John Aiken. + +ā€œPeople are scratching their heads, trying to figure out exactly where things are heading,ā€ Aiken said in an interview. ā€œConcern has shifted away from risk into strategy, growth and outlook -- and CIBC is still viewed as the bank with more issues from an investment standpoint.ā€ + +'Relatively Flat' + +In his early days, Dodig looked to be on the right track. He achieved his initial goals of accelerating earnings growth to 5% to 10% between 2016 and 2018, and achieving $4.9 billion of annual profit at the end of that period. But 2019 has been challenging and CIBCā€™s drive to continue increasing earnings is under threat, with Dodig warning investors in May to expect ā€œrelatively flatā€ growth this fiscal year. + +ā€œThereā€™s no question we havenā€™t achieved the same level of performance in the first three quarters of 2019,ā€ Dodig said in an email. ā€œWhile itā€™s tempting to change course when things get tough, we must take a long-term view of our strategy and focus on creating long-term value.ā€ + +CIBCā€™s mixed messages on mortgages and acquisitions are examples of issues that have confused investors, said Steve Belisle, a senior portfolio manager with Manulife Investment Management. + +ā€œIt feels like management canā€™t really have a strategy and stick to it,ā€ said Belisle, who holds CIBC along with other Canadian banks. ā€œThey keep changing what theyā€™re saying and keep changing what theyā€™re doing, depending on what they think their stock price will benefit from.ā€ + +The $5 billion takeover of Chicago-based PrivateBancorp in June 2017 -- CIBCā€™s largest acquisition in its 152-year history, and a move designed to counter investor concerns that the bank is too Canadian -- was criticized by those expecting a smaller deal. + +U.S. Deals + +When Dodig took over in 2014, he earmarked as much as $2 billion for U.S. wealth-management deals. Within two years, that swelled to a $4 billion budget for deals that could include private banking or a commercial lender. PrivateBancorp exceeded that, though CIBC was hurt by bad timing: Donald Trumpā€™s 2016 election victory drove bank stock prices up, forcing CIBC to increase its initial $3.8 billion offer to win over PrivateBancorp investors. + +ā€œWe needed capabilities on both sides of the border to grow key client relationships, and weā€™re pleased the acquisition became accretive well ahead of schedule,ā€ Dodig said in an emailed statement. ā€œI would do this deal again any day.ā€ + +CIBCā€™s U.S. push comes years after bigger rivals Royal Bank of Canada, Toronto-Dominion Bank and Bank of Montreal made substantial forays south of the border and reaped rewards from the American exposure, giving them rising profits and diversification beyond their home turf. + +Dodig has made other changes to recast CIBC. He pursued small deals to build up its U.S. capital-markets operation and sold some businesses. This month, CIBC agreed to pare ownership in CIBC FirstCaribbean by selling a 67 per cent stake, though at a reduced value from its earlier investment. Heā€™s moving the bank to new headquarters after a century at Torontoā€™s financial district, leasing as much as 1.75 million square feet at a nearby complex under construction called CIBC Square. + +Dodigā€™s challenge is convincing investors heā€™s moving in the right direction. + +ā€œWe recognize there have been cases where we could have more clearly communicated with investors and weā€™ll take that feedback and act on it ā€“- because we have the right strategy and we need to ensure it is consistently articulated and well understood,ā€ Dodig said. + +Ironically, the bankā€™s poor share performance -- CIBC has become the cheapest Canadian bank stock based on price-to-earnings ratio -- may make the stock more attractive. + +ā€œEverybody has noticed the underperformance and CIBC now has a smaller valuation than National Bank, and that doesnā€™t make a lot of sense,ā€ Baskinā€™s Schwartz said, adding that heā€™s thinking about buying shares. ā€œThis could be the one to break out. Itā€™s definitely on our radar screen.ā€ + +https://www.bnnbloomberg.ca/cibc-s-day-late-and-a-dollar-short-missteps-turn-investors-off-1.1350038 + My problems in my own eyes are: + +\- I see and know what I'm doing wrong, but i always repeat the same mistakes. + +\- I can't stop having my bad days where i have huge losses. 3-4 times my daily loss limit + +\- After having a bad day i can't stop to crumble and my next day/s are as bad. + +\- I take trades i should not take and are not in my playbook. + +\- I move my stop and over-leverage. + +\- I'm only disciplined for a certain amount of time. On my worst: Only for some days or hours. On my best: I managed it for almost 2 months. + +&#x200B; + +&#x200B; + +About myself: + +I came in touch with trading like 3 years ago and since then my dream is to be a daytrader. Always doing research and sim trading about 2-3 hours a day. + +I am in my mid twenties, living in europe and since then i started to neglect university studies to make progress. Especially since last year i have done almost nothing regarding my studies, because i decided to start Sim Trading Futures from pre London Open until London Close. So about 9-10 hours a day. I thought that i needed more screen time and couldn't do both: University and trading. + +My parents don't know about me neglecting my studies and i feel bad for deceiving them, especially because right now my decision is not working out at all. I'm stressed and sometimes depressed due to my continuing failure. + +&#x200B; + +&#x200B; + +After i had decent results in Sim, I started 2 small Accounts which i crashed because of tilt and by not abiding by my rules. Like i had 3-4 good weeks, where i had no problems being responsible and managing my trades as planned. I managed to lose everything in 1-2 days. I doubled down on losers. I usually have stops of like 6-12 ticks, but instead i moved my stop, didn't get out of the trade and said: "The trade will move in my favor eventually" But that day happened to be a trend day in crude oil and moved almost 200 ticks against me. + +&#x200B; + +&#x200B; + +My usual rules: + +\- Trading only 2-3 contracts. Based on volatility and stop. + +\- Stop should be between 6-12 ticks, also based on volatility. + +\- Daily loss limit should be about 750$, so about 3-5 trades based on contracts and stop. + +\- Trading Hours 08:00 Cet until 18:00 Cet + +\- Only trade Setups. I dislike Ranges and am more of a trend trader. + +&#x200B; + +&#x200B; + +After that i decided to give "oneup trader" a shot, because i wanted a step between sim trading and own account. Especially losing real money hurt. + +Long story short. After 3 failed attempts (always 1-2 bad days over-leveraging and not accepting my daily loss limit) , i finally managed to beat my first evaluation. Not even 3 days passed and i crashed the account. 15 days wasted again. During the evaluation i was disciplined and managed all trades according to my rules, but i took once again a dumb trade and lost everything. + +The following weeks i passed the evaluation 2 more times, but ended the same way. Not even lasting a week. I thought about giving up, but someone on discord convinced me to not give up, because managing to pass the evaluation 3 times shouldn't be a fluke and i just need to work on my mental game. + +&#x200B; + +&#x200B; + +Motivated by that i gave it another shot, passed at a 4 time and actually thought that i finally made it. This account lasted almost 2 months, i managed to withdraw 2000$ in that time and account was up 4500$. I had no real tilt day, accepted my losses and things looked decent. + +Then one day i decided to trade natural gas outside my normal trading hours. I tried a long during the last 30 minutes before settlement. Trade went against me and instead of closing i moved my stop and added some more contracts. I thought: " During settlement i think i will get out with a winner or at least Break Even." I had several opportunities to get out with just 2-3 tick of loss, but decided to stay in. In the end it moved 60 ticks agains me with 4 contracts which was a 2400$ that should have never happened. + +It was outside my trading hours and no real Setup. That day broke me again. I said to myself: " Ok that was one bad day. Tomorrow just trade like the weeks before." + +And during the next day i managed to crash the account in just 3 hours after the London open. I just gambled and took like 15 trades without real setup. (huge overtrading). + +&#x200B; + +That was last year in December. I gave it another try, because i made money for the first time trading and said, that i only need to be more disciplined. Managed to beat the evaluation a 5 time. 3 weeks ago i crashed the account once again in just 2 days, after being up 4000$. And also once again by violating my rules. + +&#x200B; + +Since then i have been on my worst tilt trading time. I failed the evaluation counting today 7 times in 3 weeks. One day i was so tilted, that i failed it 3 times. Always resetting and going all in in the emini. + +Today was the last time i failed. I was in my 8 day out of 15 in the evaluation and so far i was disciplined. I was up 80% of the evaluation target and then i decided to go long in the S&P 500 with my sole reasoning being: " I think it is down to much and we have the payrolls later on, so the market shouldn't move that much. After entering with 2 contracts at first, i added 2 more and later on 2 more, so six contracts in total and managed to once again crash the account. + +&#x200B; + +**This stupid behaviour can't go on forever. That's why i decided post on reddit and ask for some help. I always tried to manage things on my own, but now i have to admit, that it is not working out and maybe others can help me. I don't know what to do anymore. I feel like shit after failing so many times.** +So this is doing my head in. I've been manually intraday trading/scalping crypto futures for a while, but lately the **vast** majority of the time I enter a trade, the market moves in the other direction within a couple of minutes at most. + +And if I decide a losing position is bleeding too much and close it, again almost immediately the market turns around, even if I've been holding for many hours or longer. + +It's become almost comical. If you looked at a 1-minute BTC futures price chart, invariably I bought at the peaks and sold at the troughs. I have a running joke now with friends that I'll let then know when I'm selling so they should buy. + +Of course it's possible that I'm just a really crap trader, but if so, I'm so crap that inverting all my trades would be hugely profitable. And that can't be right. + +I'm trading liquid futures on OkEx and very rarely trade more than 10 btc of futures at a time, so I'm no whale. + +Anyone else experienced this or have any thoughts? I'd really like to understand better what's going on. On the one hand I can't imagine my trading volume would have any much effect on the whole BTC derivs market, and yet I can't deny what I observe. Perhaps even a small nudge can be enough to swing things around? And why is it always in the opposite direction?! + +It's worth mentioning that I had a very successful few weeks up until the last 5 days or so (not at all new to trading, but don't typically trade this product manually). I don't think I've changed anything much other than perhaps increasing trade sizes a bit. Almost seems like the market has somehow 'adapted' to insignificant-me trading, in such a way that I now mostly lose. I can't figure out how that would work in practice though. +Iā€™ve been a long time investor since 5 years ago. Started actively trading in Nov to look for a side income while traveling. However, after trying different systems and not succeeding, Iā€™ve managed to lose all of my wealth. Now I need to cut my travels short and look for a job. Only have 1 month of expense left unless a miracle happens. Iā€™m not sure if this was the worst decision in my life or maybe in the future I will look back at this as mini hardship which was part of the trading journey. +Recently i got really into the world of trading and finance but i've a really hard time finding explaination for really basic stuff. Like how to read a chart or just a lexicon for all the complicated terms. All i can find is advice for where to put your money or shitty financial advice. + +All help into my request will be greatly appreciated. + +UPDATE: A lot of people are quoting book and that was exactly the type of thing i was looking for ! This is my first post and this warm welcome is really motivating me to learn more. Thanks to everyone who responded ! +Hey, I am a newbie and got to know about future trading 2 months ago. I was mainly using indicators and got to know about price action recently so have started to learn that. + +Could you recommended how I can become a professional day trader , what all things I can learn and any place to learn from like any YouTube /book/ site/ course , and some communities to join on telegram/Twitter/discord . + +I'm thinking of trading forex mainly but don't know much about that, + +Also what is there in trading except futures. + +Some YT channels I know +Joel on crypto , The Moving Average , Day Trading Addict, TradeIQ, babypips + +I'm thinking of learning Fibonacci next and want to know what other topics are there like price action and fibb + + +Thank youšŸ˜Š +Lost my life savings in 6 months.. + +Please help and give me any advice... I really need to earn my money back. Its really depressing. + +Be careful trading. + +https://preview.redd.it/v8g1lhqg6au51.png?width=725&format=png&auto=webp&s=b06c48d82646944ccdfba723e5578272b6fcca13 +Throwaway account just because I will be using some personal information in this post. + +I was wondering if anyone could offer some advice on our situation in regards to mortgages. + +My partner and I are first time buyers looking to buy a house in the next 6 months. I earn Ā£46,000 a year and my partner has stopped working to take care of our baby and has just finished maternity leave, so no income there. We have Ā£60k for a deposit which we have saved over the years. + +I've tried to get a mortgage in principle but it seems that the most they are willing to lend is Ā£208,000. This gives us a budget of around Ā£260,000 so that would be a 80% LTV paying under Ā£650 a month over 35 years. We are really struggling to find something that we like in that budget, living in the south east and with all of the money moving out of London due to the pandemic the competition seems to be extremely high. Just recently we found somewhere but we were priced out by over Ā£20,000. + +We're finding it really frustrating as we are paying Ā£1200 in rent a month which we can afford comfortably and still save Ā£6000 a year. Something just doesn't seem right. + +&#x200B; + +Edit: Thank you to Everyone who has taking the time to comment. I'm not sure exactly what I was expecting from this post, but it's good to know that this is a 'it is what it is' kind of situation and that others are in a similar boat. For those who are commenting saying rent payments are irrelevant, I am well aware. I just think that with a reduction in monthly costs plus the money I am already saving each month would easily cover maintenance. I think we will have to continue renting until my partner is in a position to go back to work. Either the house prices will crash and we'll be in a good position, or they will double and we'll be in a worse position. Who knows. +I support the BIP101. + +Why? + +Well I believe that decentralization should be and remain the primary factor of the bitcoin protocol. Maybe I am under the illusion that Gavin fights the good fight for us. +AMD was another stock targeted in Robinhood's restricted stock list late last week. This is absurd as AMD is a major player amongst the chip-makers recently seeming to have surpassed Intel in marketshare. It's chips are used in both the PS5 and Xbox Series S/X, showing that it is a major player on both sides of the gaming community. + +Robinhood has created artificial selling pressure on AMD, while AMD's short interest has increased to 5.9% Not a ton of short interest, but this number has only recently grown in correlation with the limitations put into place by Robinhood. Coincidence? I think not! Corruption? Maybe a little bit. + +There are also clear indicators that AMD will continue to gain market share in the GPU/Chip industry. As recently they had to diverge some production to Samsung as Taiwan Semiconductors could not produce enough fast enough. (Source: [https://www.techradar.com/news/amd-might-solve-gpu-stock-woes-by-outsourcing-some-production-to-samsung](https://www.techradar.com/news/amd-might-solve-gpu-stock-woes-by-outsourcing-some-production-to-samsung)) + +Along with these basic facts reflecting on AMD's product portfolio, something essential to do; one can see they are boasting their strongest product portfolio line in years including their new 7 Ryzen 5000 chip that is for both mobile processors and desktops. Sales of the Ryzen chip grew 18% YoY, this had assisted in amazing earnings growth. + +AMD's Earnings Summary 2019 vs. 2020 showed Record revenue of 9.76 Billion up 45% from 2019. Their gross margin of 45% increased for the 5th straight year. Along with this Net Income and EPS doubled from the prior year. Finally operating cash flow was up to 1.07 billion a 117% increase YoY, and they had record free cash flow of $777 Million a 182% increase YoY. All together this makes for an extremely strong balance sheet with 2.29 Billion in cash, cash equivilants and short term investments. + +The one major risk I see in AMD is that Microsoft, Amazon, and Apple all want to begin to create their own in-house chips. Along with this while AMD has surpassed Intel and is competing with Nividia, it could lose market share and fall behind. This company faced bankruptcy twice once in 2000 when the tech bubble popped, and again in 2012. However, I believe that this company will continue there exponential growth and have major gains in it's stock over the course of 2021 and see $100 by the end of February. + +Hope this is all helpful! + +Disclosure: I own 30 shares of AMD and will continue to hold for the years to come. +Anyone starting to have second thoughts on any of your long-term holds? + +I was a VET fanboy a few months ago, but now I'm wondering if real-world application will ever turn into real-world profits for my wallet. Long-term, I can see it going up with the market, albeit lagging, but I don't see any of the announced usage having any affect on price. Same with ACH. + +Sure, we'll make money down the road, but how much are we losing by limiting our ability to buy into more profitable assets? Is it worth it to you to stick with a project because you want to support the technology even if it means missing out on the moonshots, or even just higher profits with a safer investment? +Hi, I'm a first time buyer who would appreciate some clarity on this. + +The scenario is this: + +Say I get a Ā£100,000 25 year mortgage. It has a 2 year fixed rate and then goes to a higher rate for the remainder of the term. After 25 years I would have paid off roughly Ā£170,000 which is the total cost of hmthe mortgage st the time I sign up for it. + +However, assuming there are always better fixed rate deals that I am able to switch to after the first two years run out, and I do switch to them after every 2 years for example. + +Does that mean after 25 years of paying comparatively less due to the cheaper mortgage (eg 140,000), that I would have paid off the mortgage. Or do I still owe the remainder on the original quote of Ā£30,000? + +If this isnt the right place to post this sorry. +https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734#comments_sector + +Google families go deep in debt to stay in the middle class to read the article. I found it very interesting; young couples earning 120k plus cannot get into the housing ladder, similar to parts of the UK. The comments on the website are daring though, blaming the couples +My father passed away yesterday and Iā€™m arranging his funeral as well as getting his things in order. I think Iā€™m okay on the funeral front but being a 21 year old student I donā€™t know how to deal with all the rest. + +My father was quite secretive and I donā€™t even know what assets he has. He used to live in southeast Asia and my step mother told me that he had a bank account in Thailand, a storage unit in the Phillipines as well as ā€˜bond moneyā€™. What does that mean and what steps should I take to deal with those things? How do I make sure that we have everything in order? How do I know if Iā€™m missing anything? + +Thank you for your help. + +Edit: I'm trying to tackle this now for peace of mind since our administrative system is quite slow and inefficient in France. Thank you all for your kind words. +I was sort of shocked I couldn't find this data basically anywhere (or where it was available, it was usually only for a list of like 10 coins). So, without further ado, here is a breakdown of the current top 101 coins by market cap, grouped into buckets based on their usage/purpose. + +**Note:** Inevitably some coins try to 'do everything'. I limited each to only being listed once, so things are grouped by whatever their perceived or advertised *primary* purpose is, even if they theoretically can do more than that. (For example, probably 75% of the entire top 100 list has 'dApps' listed somewhere in their description, but it is not the main point they advertise on, at least currently, for many of them) + + +# Store of Value +There's only one true asset in this category, and it's not one that intended to be here. Bitcoin was originally designed as digital currency, but insanely high transaction fees, changes in expectation over time, etc. have really morphed it into an asset more akin to gold or other asset stores. (AKA: It's an investment, not really for spending directly, and has limited other direct use.) + + 1 - Bitcoin + +# Digital Currency +What Bitcoin originally wanted to be, this is a category filled with Bitcoin spin offs and new tech focused primarily on cheaper, faster transactions. The use cases range from every-day purchases to more massive actions such as major cross-border intra-bank transfers. ( It's worth noting about half of this list also offers smart contracts as well ( or plan to soon ), but thus far have been primarily notable for general transaction speed/currency use. ) + + 5 - XRP + 8 - Litecoin + 10 - Bitcoin Cash + 12 - Stellar + 17 - Bitcoin SV + 21 - Terra/Luna + 24 - NEM + 46 - Dash + 48 - Decred + 56 - Ziliqa + 65 - DigiByte + 74 - Nano + 84 - Horizen + + +#Smart Contracts/Distributed Applications +This is going to be a long list. Smart contracts/dApps are pretty clearly the most exciting 'generic' use for Blockchain/Crypto Currencies by many people's viewpoint, opening the doors for a lot of unique applications and financial structures. Essentially everyone in this category is gunning for Ethereum's spot, and the competition is hot and heavy all the way down the top 100 list, with every entry trying to put their own spin on it. + + 2 - Ethereum + 4 - Cardano + 6 - Polkadot + 18 - Eos + 19 - Elrond + 20 - Tron + 27 - Tezos + 29 - Avalanche + 32 - NEO + 34 - Solana + 43 - Algorand + 53 - Ethereum Classic + 54 - Kusama + 55 - Waves + 59 - NEAR Protocol + 63 - Hedera Hashgraph + 71 - Celo + 80 - Qtum + 82 - Matic Network + 90 - Fantom + 95 - Energy Web Token + 96 - IOST + +#Stablecoins +These are tokens that attempt to stay pegged to some real world kind of value (generally USD) via various methods. Pretty straight forward, and mostly varies by what network/exchange you're on. + + 3 - Tether + 13 - USD Coin + 36 - Dai + 40 - Binance USD + 84 - HUSD + 89 - Ampleforth ( Peg to USD is fairly weak ) + 91 - TrueUSD + +#Exchange Tokens +These are tokens that primarily are associated with some kind of crypto-currency exchange, either Centralized(CEX) or Decentralized(DEX). A few of them also try to serve other purposes (Usually as Digital Currencies), but at heart being used as an exchange token is their most notable point, and they will largely rise and fall based on the success of their related exchange. + + 7 - Binance Coin + 15 - Uniswap + 33 - Huobi Token + 38 - Sushiswap + 39 - FTX Token + 41 - Crypto.com Coin + 44 - UNUS SED LEO + 61 - Loopring + 64 - SwissBorg + 67 - THORChain + 68 - Curve DAO Token + 73 - PancakeSwap + 76 - Voyager Token + 81 - OKB + 92 - Alpha Finanace Lab + 100 - Bancor + +#Alternative Exchange Tokens +These are tokens that are related to the crypto trading markets, but aren't really proper exchange tokens. Basically for exchange-esque activities, or offering only a specific, narrow type of alternative trading. + + 25 - Synthetix ( Options Trading ) + 52 - 0x ( DEX Aggregator ) + 42 - UMA ( Options Trading ) + 72 - 1inch ( DEX Aggregator ) + 78 - HedgeTrade ( Crypto Hedge Fund Trading ) + 87 - Kyber Network ( DEX Aggregator ) + + +#Extra-Blockchain Communication/Transfers +These tokens/networks exist primarily to solve the problem of communicating between different blockchain networks/the non-blockchain world, and the transfer of assets across said barriers. (Ex. The Oracle Problem) + + 9 - Chainlink + 22 - Cosmos + 60 - Ren + 75 - ICON + 77 - Quant + 99 - Ravencoin + +#Lending/Banking/Yield Farming +These tokens and networks focus around making trustless lending and banking (savings accounts) possible, and yield-farming via said lending. Generally speaking, they work via encouraging users to stake/lock up digital collateral from other networks into their own, giving the users the network's own tokens as the loan balance and/or paying the user tokens for other users borrowing their assets. + + 14 - Aave + 28 - Maker + 31 - Compound + 45 - Celsius + 47 - yearn.finance + 58 - Nexo + 97 - Venus + +#Privacy Coins +Fairly self explanatory, these primarily exist to keep as much data about the network/transactions/wallets as anonymous as possible. They've obviously gotten a bad rep at times as being used often for illicit activities, but there's nothing inherently wrong with wanting privacy either. + + 23 - Monero + 50 - Zcash + 101 - Verge + + +#Other +These coins/tokens have largely unique use cases, that leave them without many/any direct competitors in the top 100. Whether they go up or down is going to be mostly based on if their use cases actually exist and if they can succeed in filling them correctly. A few of these are gunning towards long term moving into the more general categories, but at least currently book themselves as having a more narrow focus. + + 11 - Dogecoin ( Meme/Intro to Crypto ) + 26 - THETA ( Distributed Video Streaming ) + 30 - VeChain ( Supply Chain Logistics ) + 35 - IOTA ( Internet of Things Logistics ) + 37 - Filecoin ( Distributed File Hosting ) + 49 - The Graph ( Distributed Search Indexing ) + 51 - BitTorrent ( Blockchain-ifying the Bittorrent Protocol ) + 57 - Revain ( Distributed Review Platform ) + 68 - OMG Network ( Cheaper ETH Transfers ) + 69 - Ontology ( Identity/Private Data Management ) + 70 - Basic Attention Token ( Web Advertisement/Marketing Replacement ) + 79 - Siacoin ( Distributed File Hosting ) + 85 - Reserve Rights ( Stablecoin counterbalance token ) + 88 - Stacks ( DApp extension onto the Bitcoin Network ) + 93 - Decentraland ( Distributed Virtual-Reality Platform ) + 94 - Ocean Protocol ( Data Monetization ) + 98 - Enjin Coin ( Video Game Items/In-Game Economy ) + +#N/A - Wrapped Assets +These are 'wrapped' versions of other assets (Bitcoin) floating around other networks for use on said networks. There's generally limited reason to directly invest in these when you could invest in their more liquid base asset. (Ex. You'd only buy them to use them in some specific DApp/etc, not just hold them in a wallet generally) + + 16 - Wrapped Bitcoin + 62 - renBTC + 86 - Bitcoin BEP2 + +Cheers, thanks for the read. +So a bit of background 40/M/Single/Private Renter + +Fulltime employed/31k/pa salary/no debts/no savings/Ā£1300 in shares + +So I have made my final payment on a debt management plan after getting myself into trouble a few years ago. + +From what i can see i have 6 defaults 5 of which will come off my credit history in 2023 and the 6th in 2024. + +I'm paying the max contribution into my company pension (6%) for which my they add 12%. + +I'm forecasting my pension at 68 (assuming i live that long) to be circa Ā£18-20k/pa in todays money (state, military and company pensions combined). + +I pay Ā£75/pcm into a company share scheme but this is a long term investment (i cant touch the shares for 5 years after purchase without being hammered by HMRC). This is my emergency fund. + +In short after all the salary sacrifice stuff, extra holiday options my take home is Ā£1800 and outgoing are just under Ā£1000 - leaving me with Ā£800 expendable income pcm if i were to become a hermit. This budget covers all bills expenses estimated increases for council tax and gas electric in 2022and a generous grocery/transport allowance) + +Now I really want to buy a house but have no idea what the next steps should be. A LISA is not an option because of my age though my brother has said he is willing to offer me a personal loan (to pay back as and when i can) and match anything i save up to Ā£5000. I would also be first time buyer so perhaps there's the government guarantee scheme available too. + +Another option would be to purchase a property with a friend, they would be able to contribute significantly into the deposit (cĀ£25k) but would not contribute to the mortgage payments until I had built up equal equity in the property. Also their income is minimal (basically they have cash but low income, i have income but no cash/bad credit) + +Right so you have pretty much my life story, here are my questions: + +The defaults - 4 and 5 years old - Should i wait for them to disappear from my credit history before approaching the bank about mortgages or should i speak to them now and see what they think? + +Should i get a credit card to help rebuild my credit rating - would it look bad if i got one that was capped at a level that I could pay off every month |Ā£800 credit limit or do i want as bit a limit as possible? + +Is it a bad idea to mix finances and friendship? On paper the idea of getting a house with a friend is great as it reduces expenses plus that would be around Ā£900 we are both losing to landlords what would now be going into our financial future. After 5 or so years then one could buy out the other, assuming noting terrible has happened by then. +I'm not trying to trade but invest for the long term. I know Microsoft teams is gaining traction. My company continues to use Slack even though we have Microsoft Teams. What do you think of Slack? Should I buy more shares to average down the cost or just continue to hold due to the risk of Microsoft? +I was just having this discussion with a colleague who seemed to suggest spending around 1% of the value of the house each year in maintenance (no idea where he got this figure from), so it got me thinking. How much does everyone here spend on maintaining your house if you own? What types of things to you spend money on to keep the house up to scratch? +Most of the selling pressure since mid-Jan has come from F2Pool (largest Chinese mining pool) affiliated wallets and it is now becoming clear why. The Inner Mongolia region of China is banning bitcoin mining. This region is responsible for 9% of the world's BTC mining. It's a coal powered region however, which is the problem. Beijing has come down on them for not meeting carbon neutrality targets. They have until end of April to shut down, but it would appear they first got notice of this back in mid-January based on the BTC selling history. Most will likely either move to the surplus hydro power regions of China or they will sell their rigs and shut down. Apparently some will even be moving overseas. Many of these miners secured loans using their mining rigs as collateral, either to pay their bills so they didn't have to sell coin while the price was rising, or to buy more rigs or bitcoin...but either way many are forced to sell some or all of their bitcoin to pay back loans or pay for their move. + +[https://decrypt.co/59811/inner-mongolia-to-ban-bitcoin-mining-what-it-means-for-the-industry](https://decrypt.co/59811/inner-mongolia-to-ban-bitcoin-mining-what-it-means-for-the-industry) + +The big question is, when will this selling stop? End of April seems like the logical answer but I suspect it will taper off well before then. Anyone moving, would have started the process by now I suspect. + +There does also 'appear' to be F2Pool affiliated manipulation selling at times as well, like when there is heavy selling prior to the month end futures expiry they are involved. However, there does seem to be a lot of coordinated FUD around this same time period which has me thinking other players are involved in this end of month manipulation and it's possible that some or all of the F2 selling at end of month could just be panic selling, like if they were waiting for a higher price to sell, but pulled the trigger when they saw the price starting to plunge down. Hard to say for sure. When it comes to futures expiries and for example call options, there is usually a particular strike price that jumps out at you in term of open interest. For example, for tomorrow's weekly expiry, $50K is the price that jumps out at you. I told a friend a few days ago don't be surprised if the price is 49K on Friday. If that theory holds, the following week, the magic price is $66K, so let's see if we see a very strong next week. + +One thing I've noticed of late is that the only time BTC price goes down is when there is selling pressure from F2Pool and whenever they are not selling the price surges higher. So the big takeaway is that when they stop selling, we should see a moon shot. + +&#x200B; +My top tech stocks watchlist that pays dividends: + +|Ticker|AAPL|MSFT|AVGO|CSCO|INTC|NVDA|TXN| +|:-|:-|:-|:-|:-|:-|:-|:-| +|Yield|0.57%|0.74%|2.89%|2.49%|2.6%|0.07%|2.15%| +|PE|30.20|37.78|19.92|18.79|11.89|76.98|25.73| +|Payout|17.22%|28.11%|57.65%|46.54%|30.89%|5.39%|55.28%| +|Div Growth YR|9|17|10|10|7|0|15| +|CAGR 5yr|9.3%|9.52%|50%|9.21%|6.12%|7.66%|21.83%| +|YOY Rev|13.26%|14.68%|8.46%|\-0.01%|0.57%|36.16%|9.04%| +|My Buy Alert|Hold|Hold|BUY|Hold|BUY|Hold|Hold| + +My buying criteria is PE less than **20**, Payout less than **80%**, Dividend growth year at least **1 year,** CAGR for **5** years higher than **3%**, YOY revenue growth higher than **0%**. + +Source: my own spreadsheet and seekingalpha.com +Hey guys Facebook is getting hit very hard today especially. + +There is currently an outage if the app and all there similar sites(Instagram, WhatsApp) which is bad news + +Also a whistleblower coming out saying Facebook Is caring more about themselves instead of the publicā€™s best interest. Isnā€™t that the mission of every company though, to Benefit their bottom line? Doesnā€™t literally every public for profit company do the exact same thing? + +Whatā€™s your thoughts on this dip and the long term outlook of Facebook? + +I Currently own shares in Facebook +EDIT - wow can I just thank thank you?!? For all the lovely people and honest, genuine advice! I really do appreciate it, any information is a blessing as I am very fresh to this. Thank you all so much! ā˜ŗļø + +Hi all!! + +I have just officially paid off Ā£1,700 that I owed on a 30% apr credit card. Feels great! + +It has made me so anxious the last year or so. I pay my car off this month on PCP and then I will own that. + +I still live at home with my parents but they want me moved out by the end of the year (Iā€™m 21). I have around Ā£1,300 in a help to buy isa currently. + +What should I do?? Should I close the credit card? I feel it causes more harm than good. Iā€™m just so lost and feel like I donā€™t even know where to start!! +Continued listings of political contributions from benefactors of the current unequal market structure to the Reps on the Financial Services Committee who voted AGAINST the Short Sale Transparency and Market Fairness Act. See part 1 for additional context: [https://www.reddit.com/r/Superstonk/comments/ovz88q/campaign\_contributions\_to\_the\_representative\_who/](https://www.reddit.com/r/Superstonk/comments/ovz88q/campaign_contributions_to_the_representative_who/) + +&#x200B; + +**Bryan Steil** + +https://preview.redd.it/hqlp3k8pzse71.png?width=484&format=png&auto=webp&s=27e6221a01b09d6b2080c8314b8231d9b8354084 + +**William Timmons** + +https://preview.redd.it/mmqyinsyzse71.png?width=484&format=png&auto=webp&s=612359c139ae7b94904ebc22244a0aeb68016cd2 + +**Van Taylor** + +https://preview.redd.it/0xknrk650te71.png?width=484&format=png&auto=webp&s=70192dd0c9a1b634a06532810e160002fb57c0f1 + +&#x200B; + +TLDR Summary; + +* **Every single one** of the politicians who voted against the Short Sale Transparency and Market Fairness Act has received campaign contributions from some combination of hedge funds, big banks, "family offices" (another type of HF), or other investment group that benefits from the current market structure. +* Blackstone Group has their name all over these politicians. +* Bk2 Holdings is a weird shell "dark money" company linked to a billionaire HF manager and has their hand in a lot of these pools. +* UBS and Bank of America are other VERY COMMON names on these lists. Wells Fargo to a slightly lesser extent also. +* The **DTCC** and other clearinghouses are on some of these lists. Yes, that DTCC!!!!! +* Remember this is only the Reps on the Financial Services Committee who voted against this bill. The bill will at some point go to the House floor for a full vote. Call, email, tweet at, do everything to contact your Reps that may be on this list and request an answer to why they voted against a bill that goes against the best interests of their constituents. Demand answers! + +edit 1: some of you have also pointed out that the **OCC (options clearing corp)** is also on this list, yikes! + +edit 2: u/probablyannsaplant pointed out that you can use [opensecrets.org](https://opensecrets.org) to do the inverse and look at where, for example, Ken Griffin donated money. It really is a great tool for seeing the corruption that permeates the system. + +edit 3: u/deal_ambitious made an excellent suggestion of cross referencing these institutions with those that fund the politicians who voted in favor. Summarized findings: + +* Blackstone is common on the yes voters as well. +* The DTCC is actually **more commonly** found on the yes voters top 20 lists than the no voters. +* UBS is less common on yes voters, but still on some of their lists. Same with Wells Fargo +* Bank of America is **nowhere to be found** on the lists of yes voters! Nor is Bk2 Holdings. +* I want to re-emphasize that last point. **Bank of America is an extremely common donor to the No voters, and non-existent in the top 20 lists of yes voters. BK2 holdings as well** +Wasnā€™t quite sure where to put this post, so Iā€™m just sticking it here. Hope thatā€™s okay. + +My husbands grandparents received a call from someone pretending to be from the police department where we live claiming to have arrested my husband for drug possession. They told his grandpa they were who my husband had listed to call for bail money. To add pressure, they told him that he had tested clean for drugs, but they would not release him until they received the bail money. + +This piece of garbage then instructed his grandpa to rush to Walmart and buy $4000 worth of Visa Gift cards to later read the codes to them. The Walmart cashier didnā€™t bat an eye. + +If if it wasnā€™t for his grandma texting my husband with something along the lines of ā€œIā€™m sorry this happened to you...$4000 is a lotā€ we wouldnā€™t have known to call them. This person had convinced them so throughly all this was true that my husband had a hard time getting them to realize they had been scammed. They thought he was calling them from jail. + +There are terrible people out there using the elderly as targets. Please give your family members a heads up. + +UPDATE: They called their bank and got it all taken care of, but now this person has been calling them all morning trying to get his money. +Hopefully this is allowed, remove if not...I'm no longer affiliated in any way with anything I'm mentioning so this isn't some veiled marketing thing. I've been seeing a lot of stories around various parts of the internet of people who are stuck in a situation where their lease is coming up and they're facing a massive rent increase, and are scrambling trying to find another option with no luck...maybe you're in the situation I was in where you have bad credit, can't make the first/last/security deposit you usually need to move in, and are starting to feel like you might be facing homelessness. + +Unfortunately, this will only work for certain people, but this saved my ass years ago and hopefully it'll help someone. If you're childfree, don't have pets, and are in a position where you could relocate...try seasonal work. + +For four years I worked seasonal jobs that provided employee housing. If you go to Coolworks . com, you can filter jobs to only see ones that offer housing. I *never* had to pay a deposit, so while it's not perfect the only up-front cost I had to have was getting myself there. Rent usually comes directly out of your paycheck, so in my experience I didn't even have to have the money for rent when I moved in (but YMMV and it's a good question to ask before you take the job...sometimes I got hired without even doing an interview). + +The jobs will be crappy jobs (retail, serving, hotels, etc.) but they're usually in tourist areas. I have the most experience with Xanterra and I just checked and they're so desperate for workers that they aren't even *charging* for housing this season at most locations, and you get meals cooked for you in the employee dining rooms, too. When I did get charged it was, for me, $10/day for housing and all 3 meals. You almost never have to have a car to commute either because you either live right next to where you work or they provide a free shuttle. + +This isn't a perfect solution. But a lot of people don't really know it's an option. Figured if it might help just one person, worth posting. + +**EDIT:** A lot of the seasons have already started but really don't be afraid to contact them and ask if they're still hiring. Usually in the first couple weeks a bunch of people will quit and go home, leaving vacancies. +Proud to say I joined the gang today by selling my first cash secure put! Strike was $4 and premium was $18. One of the main reasons I've taken so long to join is because I don't really have capital and I'm working on building but I'm not too sure what to do besides depositing money and waiting. Any suggestions on the best way to build up the account? +I just had an idea that's wsb level retarded but that I also can't fully shake. + +I know all about and fully agree picking up pennies in front of a steam roller is a bad idea. That said, there's arguably a way to make doing that as safe as possible. + +The lowest price for which an option can be bought back (at least as far as I can tell from my retail platform) is $0.01. That means the most opportunity for taking advantage of that is in selling options priced at $0.02. (not $0.03 or any other price - $0.02 gives us the best ratio to exploit that quirk) + +Quite often, there will be multiple strikes and dates where the ask is $0.01, $0.02 etc etc. + +If we study the chain and live in the land of options that are just teetering on the edge of being repriced from $0.02 and $0.01, and sell those options for $0.02, we can buy the option back potentially in minutes, hours, or a day or two for literally half the price. + +In the worst case scenario that there's a change in price or volatility, and the price to close goes to $0.9 or whatever, it's still extremely unlikely that the option will ever actually become in the money, but in order to limit the duration of time we're underwater on that option, we'd be looking at short duration options - weeklies or dailies or even an hour before close or what have you. + +The only problem is you need a lot of money and leverage to make it work. For kicks, I'll use GME as an example (for obvious reasons, it would not be a good underlying for this strategy, but whatever, it's just a fun example) + +The 7/16 $25 put is priced at $0.02 and is probably teetering on the edge of being priced at $0.01. Selling 500 of those gives us a credit of $1000, but we need $1,250,000 to sell them. Successfully selling options like that and buying them back for half the price 52 times per year makes us $52,000 on $1,250,000 which is 4.16%. God knows what the risk adjusted return or percentage is, I have no idea how stuff like that works, this is reddit, curb your expectations. + +If the option does go in the money, or if the underlying goes bankrupt or whatever, you would be destroyed. No matter how much I think about it, this is the only flaw I can see in this strategy. + +So if rather than GME we stuck to SPY junk options that are just teetering on the edge of being repriced from $0.02 to $0.01, which will never ever go in the money, ever, and we had enough money and leverage, this is literally a foolproof strategy, it literally can't go tits up. + +EDIT Thanks everyone for all the replies! + +Please note that the talk about this being a "strategy" that is "foolproof" and "literally can't go tits up" is more than a little tongue in cheek. That said, I was hoping to hear why it wouldn't work, and what similar ish actual strategies that could be done instead that actually could work, which is exactly what we got! I will have a look at those and see if they would work for me. Cheers! +Hi, + +Currently in the process of applying for a mortgage and they came back and said I had a default on my credit file with Sainsburys Bank. I then fend out that my mum had taken a loan out in 2017 in my name and has been paying it off since. She then stopped paying during covid and the account eventually went into default. She has shown me the payments she has missed and the payments she had made and the balance has now been paid off (albeit after default) + +I am obviously gutted and furious and spoken to Sainsburys and given them my name , DOB and customer reference number and they have basically said they have no record of the account so canā€™t do anything at this time and canā€™t even find the account so they canā€™t comment on any payments etc or how they can help. + +Iā€™m currently on hold to ActionFraud but at the moment I have had a loan taken out in my name, a default on my credit file and the lender of said loan saying they have no record of it on the systems they have access to over the phone. I just feel totally hopeless I donā€™t know where I can go from here? +If the lender is saying they can find no record of it and say thereā€™s nothing they can do at this time then what else can I do to get this resolved ? + +Any advice would be greatly appreciated. + +Thanks in advance +Good Morning, Here's my Watch list: + +Gap Ups: CYAD, EBON, IMV, INMB, PRCP, UVXY, VNRX + +Gap Downs: DDOG, SPOT, GSX + +Mean sell off yesterday into resistance on SPY, maybe we can get some continuation as most tech stocks have been on massive runs and could use a good pullback. Not many good gappers today so the list will be small. I will mainly be very patient today, focusing on the market in general and seeing if price holds at the 9 ema to establish any longs. If the market does sell off some more, I'll try to take a quick trade in UVXY as it will have added volatility. May be a good day to run a scan after the open to find some decent movers. 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\* + +\*\*This is not my complete watch list\*\* +So the price of an appliance has gone up 33% or more. The price of home repairs are ridiculous. The price of everything is ridiculous. + +We are not being paid anymore here in the US. In fact a lot of businesses are doing everything in their power to keep salaries and hourly workers artificially held down. + +What is the end result of this odd time period? Consumers taking on more debt to afford things? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# šŸŸ£ [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! + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 tradeā€“ 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'm just lost for words and want to fucking cry . I posted here about 7 months ago venting about how hard it is to live on your own with no family. I can't seem to get out of this rat race. I'm moving in about 2 months to Florida with my girlfriend and her family which will help me save money ( hoping my boss lets me work remotely) but for now I'm behind on everything. Health Insurance , Car Insurance , phone bill , and a plethora of other shit. + +&#x200B; + +I just don't understand how anyone does this. +Backstory. Iā€™m a 21 year old single mom to a two year old. Iā€™m not really looking for judgement on that because, trust me I know, but I canā€™t go back in time and to be honest, cheesy as it sounds my daughter is really what motivates me for everything. + +I was raised in poverty. My dad was a single dad who has *never* had a job minus four years in the military. He lived off his mother until she passed away and now lives off benefits he gets for his veteran status. As poor as I am now, I currently make more than my family did growing up which says a lot. + +I was with my daughterā€™s dad until she was six months old. He decided to literally beat me in front of her and I decided I wasnā€™t raising her in front of that and left. I lived with my dad for about six months after. Iā€™ve had no contact with her dad since. + +I applied to an LVN program a month after I left because Iā€™ve always been interested in nursing and felt like I could get through 11 months with my current income, but two years for an RN wouldnā€™t work. My plan is to bridge once Iā€™m more stable. + +Anyways, I got accepted and started last January. I work about 30 hours a week at my current job, making $12.25 an hour. Iā€™m in school 40 hours a week. I do not have days off, two total for the past three months. + +My daughter and I live alone in a shitty one-bedroom apartment. My dadā€™s place was not safe for a child and I know no responsible adults to roommate with, and Iā€™m not comfortable finding a stranger to live with. Most of my income goes towards rent but I make enough for bills, groceries, and diapers so thatā€™s fine for now. I cook every meal we eat, which is usually some variation of chicken, rice, and beans. I hand wash our laundry a few times a week. + +The entire length of the program, Iā€™ve had a thought in the back of my head that SOMETHING would come up and I wouldnā€™t be able to finish. But I finish in the beginning of November. Iā€™ve realized how close I am now. My job has already offered me a position starting at $20 an hour once I finish. I know thatā€™s not a lot of money compared to a lot of Redditā€™s demographics but that is a HUGE jump for me. The idea is starting to freak me out. + +Has anybody here experienced a huge lifestyle change? Making that much money means I might be able to soon live in a two-bedroom apartment with a laundry facility on site. I might be able to afford gymnastics for my daughter. I might be able to afford a car. But Iā€™m currently making more than I ever have in my life, itā€™s terrifying because I donā€™t know anything other than being dirt fucking poor. +Yeah, it's cool to buy humblebundles with BTC but I want to buy all my steam games with BTC. I would definitely buy more games if they had this. + +Who else is with me? +The decade is almost over ā€” and one incredibly volatile investment stood out from all the rest as the best of the 2010s. Want to guess what it was? + +Bitcoin. If you invested $1 in bitcoin at the start of the decade, it would now be worth more than $90,000. + + [https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html?utm\_term=link&utm\_medium=social&utm\_source=twbusiness&utm\_content=2019-12-19T20%3A15%3A09](https://edition.cnn.com/2019/12/17/investing/best-worst-investments-decade-bitcoin/index.html?utm_term=link&utm_medium=social&utm_source=twbusiness&utm_content=2019-12-19T20%3A15%3A09) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# šŸ™‹ ā€‹[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/) + +# šŸ“š 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 you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this tradeā€“ then this is for you + +# šŸŸ£ [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>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! + +šŸ“ā€ā˜ ļø [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Tomorrow morning I start a new construction job. Since payroll ends tomorrow, I'll be getting paid at the end of the day. + +I make $15 an hour and work 40 hours, 1099 (self-employed, no taxes deducted). Tomorrow I'll make $120 after work. Next week I'll make $600. +Here are my most prevalent necessities in no particular order: + +I have two outfits total, but luckily I still have my boots. My friend gave me some work pants today, 4 pairs, so that's something, but I'll still need T-shirts and clothing more suitable for extremely hot and humid weather (I live in the deep south, and I get heat exhaustion easily) luckily I have a place to shower after work. + +My van needs work on it. It likes to stall and the engine dies sometimes when making turns or sitting at a stoplight. I can do my own mechanic work on it which will save a ton of cash. + +Van's insurance is due but not yet lapsed ($70) + +I work 6 miles away from where I'm staying, so I'll need to make sure I have gas for the coming week. ($100 to fill up) + +I do need to replace most of my hygiene stuff. + +Phone bill will be due on the 13th., I'll have to pay that tomorrow to keep it turned on ($50) + +I will need lunch and drinks at work every day. + +I need to replace my driver's license and SS card since losing my wallet. ($17) + +But most importantly. I need to pull myself out of homelessness. I want my own place to live, by myself. I have horrible credit right now. I need to repair that. + +I really don't want to screw this up. I'm worried that I somehow will, and I'm really really worried that having good money will lead me to relapse on heroin/fentanyl again... So maybe some form of counseling will be in order once I have at least 2-3 weeks of income saved up. + +How do I make sure I don't overspend? How do I keep everything in line and how do I make sure I don't mess up a good thing again? Because I wrote the book on self-sabotage. I tend to be self aware, but also, I tend to do nothing about it. + +I want to make weekly investments, I want to keep a healthy savings, I want to replace the things I've lost due to homelessness, necessity and drug addiction, and I really want to get out of this hole. If I had to guess, I'm about $3000 in debt. + +**EDIT TO UPDATE YOU ALL** + +You guys... Wow.. You're all just amazing. The best. Wonderful people. To everyone that's offered me help, advice, or items.. You give me hope.. and I WILL pay it forward to others in need. I learned to swallow my pride where I used to choke on it. You reinforced my feeling that pride gets you nowhere and you have to ask for help. The days of the bootstraps aren't what they used to be. To leave poverty and close this chapter, I have to put in the work. Some of that work entails changing my character traits like learning to ask for help. + +I'll be getting my new ID on Monday, so that I can be certain I can cash my paychecks next Friday. Insurance can suck my balls for a little bit, I've driven waaaaay more illegally before lol. +I've applied and was approved for food stamps, it was super quick. +My friends Dustin and Caitlin gave me clothes, he gave me the pants and socks and Caitlin gave me the shirts, she let me park outside her house the other night. She came and sat in my van with me late last night, brought me some dinner and some cigarettes. Needless to say, I wish she would've woken up with me too. Her and her family truly are a godsend, good people. + +First day at work? Great. A little misplaced I felt, but I'm learning how to make myself more useful. I found out my bossman will loan us a $20 bill here and there against our paycheck at the end of the week if needed. I don't want to use that often, but it's nice to know it's there. Shouts out to Brandon H for getting me a job there and putting money in my pocket today. + +To the person on here who I will leave anonymous, thank you. They sent me $100, just because.. That security they gave me then, I felt like it was an extra blanket on the coldest nights. Hell, I feel like it was a bonfire in the Arctic circle kind of security. Thank you. Thank you for seeing something in me. One day, I'll be like you. I'll see someone struggling trying to make something of themselves. And I will, I'll absolutely help them out. Also don't be mad, I bought some sour Skittles and a cold Sundrop soda.. because I wanted to remember how it felt to enjoy something nice without shoplifting it. + +By the way, I was offered $100/hr to play music at an upscale restaurant. It seems like like 15 years of musicianship might finally be paying off. I know I'm talented.. I know i have a story to write. Im going to follow this dream. This construction job will fund my move up to Brevard, NC. +The head chef at that restaurant is the one that offered me the nightly music gig. He also offered me a cabin in the NC mountains for $500/mo. with the first couple months free to help me get on my feet. In the foothills of NC where I live, rent averages about $1300 a month for a one bedroom anymore. + +Thanks to you all, I will survive, and soon thrive. I'm going to refer to this post every single day till I'm where I want to be, and then again to remind me to stay there. + +Also, if anyone wants to put a face to this post, I finally added a profile pic lol +Donā€™t get me wrong, Iā€™m not jumping with joy either, but I was shitting myself during the 2018, March 2020, and May 2021 crashes while pretending to be okayā€¦ This time I donā€™t really care. Iā€™m a little upset I didnā€™t set aside more cash to buy in a bear market, but looking forward to working and investing as much as I can if we go really low. + +Iā€™m not happy weā€™re going down but Iā€™m also not shitting myself, just kind of whatever about it. If we go up from here, great šŸ‘ Iā€™ll sell some. If we go down from here, fuckit Iā€™ll buy some. +It appears the restrictions on Roths have been removed from the most recent draft of the reconciliation bill. I've skimmed the text and searched for references to Roth, IRAs, or retirement accounts and don't see anything, so my initial analysis indicates most of the concerning elements have been removed, but I welcome others' input. + +Link to text: https://rules.house.gov/sites/democrats.rules.house.gov/files/Section-by-Section-117HR5376RH-RCP117-17_0.pdf + +Link to another post coming to the same conclusion: https://www.asppa-net.org/news/browse-topics/retirement-mega-roth-provisions-dropped-reconciliation-bill +Good afternoon, everyone! Earlier today u/I-Argue-With-Myself made a quick post about GameStop making a huge $35M transaction. Here's the link: + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/x2l9xb/gamestop\_transferred\_35m\_today\_to\_immutablex/](https://www.reddit.com/r/Superstonk/comments/x2l9xb/gamestop_transferred_35m_today_to_immutablex/) + +&#x200B; + +I dug deeper and found out that this is indeed GameStop, but the money that was sent was actually GameStop's profits from the GMERICA 1 NFT collection sale yesterday and it was 129 ETH, not $35M. + +&#x200B; + +Here's the paper trail: + +&#x200B; + +(1) Start with GameStop's account on the GameStop NFT marketplace. + +&#x200B; + +[https:\/\/nft.gamestop.com\/collection\/1aciremg?r=MCwzNzk4NSw2OTA&#37;3D ](https://preview.redd.it/5ex7m7eak4l91.jpg?width=1667&format=pjpg&auto=webp&s=a0aabc765b9c6ae0e6a244769f970607cbc655b6) + +&#x200B; + +(2) Copy the wallet address and paste into Etherscan. + +&#x200B; + +[https:\/\/etherscan.io\/address\/0xdcf8ff6b4de163873066118a8eeec9e68c93e284 ](https://preview.redd.it/dl1axmcik4l91.jpg?width=1667&format=pjpg&auto=webp&s=7801ba1a01b099ccba58bdb47f9d858ff93d7c56) + +&#x200B; + +(3) Notice the recent transaction of 129 ETH that GameStop's marketplace address made on block 15448000. Click on the receiving address of this transaction. + +&#x200B; + +[https:\/\/etherscan.io\/address\/0xd43a7d1f3ad7364ecd1baafc430fb2fc229fb5d5 ](https://preview.redd.it/dmmlysslk4l91.jpg?width=1667&format=pjpg&auto=webp&s=2fd7690183d6052ee65307eee47bdc6e54a5ac97) + +&#x200B; + +(4) On block 15448018, this intermediate address sent 128.9996 ETH to *0x1157A2076b9bB22a85CC2C162f20fAB3898F4101*. Click on that address to view its recent transactions. + +&#x200B; + +[https:\/\/etherscan.io\/address\/0x1157a2076b9bb22a85cc2c162f20fab3898f4101 ](https://preview.redd.it/5h4ngiawk4l91.jpg?width=1667&format=pjpg&auto=webp&s=d2891576a5519618ffa87b87869b8617405c4a25) + +&#x200B; + +(5) We now see that address *0x1157A2076b9bB22a85CC2C162f20fAB3898F4101* is most likely an exchange address. Notice that the receiving addresses on this transaction history page are all official accounts. + +&#x200B; + +The buck stops there. I'm unable to continue the paper trail from here. However, all little bit later after the 128.9996 ETH transaction, there is another transaction moving 121 ETH, but that leads to an address that's unfamiliar to me. + +&#x200B; + +[https:\/\/etherscan.io\/address\/0x1157a2076b9bb22a85cc2c162f20fab3898f4101, scroll down some.](https://preview.redd.it/it4v09gyk4l91.jpg?width=1667&format=pjpg&auto=webp&s=e7c7027175faa6c2cc1847735e45ee60728f66a4) + +&#x200B; + +Now, where does this 129 ETH amount come from? Let's do some math. From the first figure of the GMERICA 1 collection, the total volume of transactions so far is about 544 ETH. Let's backtrack and say that at the time of these ETH transactions (about 4 hours ago from the time of this post) the total volume was about 500 ETH clean. + +&#x200B; + +GameStop released 711 \* 5 = 3555 NFTs each with an initial price of 0.03 ETH. They all sold out immediately. So, from the get-go, GameStop made about 3555 \* 0.03 ETH = 106 ETH from the initial sale alone. + +&#x200B; + +GameStop also receives 6% royalties on all further transactions of these NFTs from this collection. The total volume post the initial sale is 500 ETH - 106 ETH = 394 ETH. Six percent of this is 394 ETH \* 0.06 = 23 ETH. + +&#x200B; + +Thus, GameStop's total revenue from their GMERICA 1 NFT collection so far is + +&#x200B; + +106 ETH + 23 ETH = 129 ETH. + +&#x200B; + +Viola! + +&#x200B; + +Let me know what you guys think! This hunt was a little fun break from work. + +&#x200B; + +DRS +Hey folks, so one part of my overall WealthSimple account is a $10K TFSA 75% in Equities, 25% in Fixed Income/Gold. + +I opened this account on Dec 31st, 2020. and the account automatically made it's purchases around the 3-5th of Jan. + +I've been adding $1k in 2 contributions each month. + +The account has stayed in the red, not significantly, but just enough to annoy the hell out of me when stocks are near their all time highs. The drag on the account is in the Fixed income holdings, with the value of my bond holdings down 12%. + +But my issue is that the Equity ETF holdings are only up marginally. Like, 1.1% on XEF, 0.4% ACWV, 0.9% on VTI... even though these ETF's have increased maybe 5% since I opened the account. + +I thought maybe I'm losing on the currency conversion? But even when I convert, I still feel I should be up more on these Equity ETF holdings. + +Based on the my statements, it appears to me that WealthSimple is buying into an ETF at a premium to the then current price of the ETF. For example, they bought me in to VTI on Jan. 5th for 254 CAD, but the CAD value of VTI on that day was around 235. That's $19 automatic loss on a single share. + +EEMV is even worse. They bought me in at 66.29 USD in January. But EEMV didn't even go near 66 USD until Feb. 16th. What the heck?! + +It seems that they're not getting a fair market value price when they buy in. Am I missing something that could explain these differences? It feels like death by a thousand paper cuts. + +&#x200B; + +EDIT: I'm probably not getting ripped off by WS. I think the difference is in the currency conversion. Back in Jan, I would have had to spend more Canadian dollars to get a USD. + +I think that by converting with todays numbers, it looks like I got a bad deal, but that's because today it's cheaper than back in Jan. +Shopify was one of Canada's darling stocks during the pandemic and rocketed up. Over the past few months, it's come down just as quick as it went up. + +I'm curious what everyone's thoughts are on its current valuation. + +Make the case for why you feel it's fair value at current price, or undervalued or overvalued. + +Just trying to get different perspectives on it before I make some decisions. +Maybe they pay a dividend too, but I'm looking at mostly growth here. I'm currently watching Brookfield infrastructure partners, the railways and the big banks (specifically TD). Just wondering what everyone else is watching, also looking for some opinions on Stantec and if now would be a good time to get in. +I was recently trying to open a current account with HSBC and was told - in person at one of their branches - that I could not open a current account with them unless I closed my Monzo current account. + +This doesnā€™t seem right as I know multiple people who hold both Monzo accounts and accounts with other banks. Is this just HSBC policy, or was I lied to? Iā€™ve been unable to find anything on their site. + +Incidentally, their manager also asked me what Monzo was offering me that HSBC couldnā€™t, so I canā€™t help but feel I was being pressured. In the end I decided to close the remaining accounts I had with them because of this poor experience, but Iā€™d like to know if what I was told was correct. + +edit: Confusion was over the HSBC basic bank account vs the normal current account, question has been answered +(ā€¦and why posts about ComputerShare are always downvoted en masse by shills) + +If you are still on the fence about ComputerShare, and registering your shares in your name, or you think holding shares in a cash account with a broker is sufficient, read on! + +Short recap if youā€™re not too familiar with the matter: by transferring shares to ComputerShare, they will be registered in your name in the Direct Registration System (DRS). This means they are no longer available to the DTCC in any way. + +Every trade must be settled within certain deadlines, and as the clearing agent for virtually all trades, the DTCC tosses the few real shares they have around to settle trades, based on the trading volume of their different participants. At any given time, every participant owes shares and/or is owed shares, with different deadlines, and the DTCC keeps track of this. Unless every single participant of the DTCC sell more shares than the amount they are owed before they are due, the DTCC must deliver the shares to settle these trades. + +Once the DTCC has no (or too few) real shares to deliver on behalf of their participants, they will fail to deliver. The DTCC (and especially their short selling participants) would be really, utterly screwed if they owed millions of shares to long investors (be apes or whales through their various brokers), and all shares were directly registered, so they had absolutely no shares left to deliver. They would have no possible way to recover except closing the short positions. + +Once huge amounts of trades actually fail to deliver for a long period of time, the various fail-safe mechanisms start to kick in, market makers lose their privilege to sell short until current trades are settled, and forced buy backs are the last resort. + +**If we hyped DRS in the same way we hyped voting at the annual shareholders meeting, thereā€™s no doubt in my mind what the result would be:** šŸš€šŸŒ™ + +Taking away shares from DTCC through DRS is the real threat to short sellers, much more than holding the shares in a cash account with a broker (though that helps). If you hold shares in a cash account with a broker, your broker may not willingly or wittingly lend these shares (through lending contracts), but the DTCC still controls the brokerā€™s real shares by clearing the brokerā€™s trades, and the number of real shares assigned to the broker may indeed not correspond to the number of shares held by their long clients. Numerous examples of over voting have confirmed that brokers are regularly assigned far less real shares than they hold in their cash accounts. + +Also note that this fraudulent system is enabled by trading volume. Example, if a broker is owed 10 million shares, due to be settled in two days, but the broker also both sells and buys 10 million shares on behalf of their clients in those two days, the 10 million shares they were owed are ā€œsettledā€ by matching them with the sell orders, and the broker is still owed 10 million shares because of the buy orders, but they may now be settled at a later time, because the trades were executed later. In this way, real shares may never actually be delivered to the broker, if the brokerā€™s clients keep buying and selling. This is why day trading is, and rightly should be, greatly discouraged. + +Final note: +ComputerShare is not a broker per se, but you can still have them buy and sell your shares with market or limit orders, they will in turn execute trades through the broker(s) they use. But it may be slower, and some say you canā€™t place limit orders for more than 1 million, unless you write them via snail mail. And their website does look like 1999. But they are a serious and trustworthy agent, the agent used by GameStop themselves. + +If you wonā€™t risk not being able to sell your shares in time or at the price you want during MOASS if you transfer **all** your moon tickets to CS, at least transfer **some**! Dare I say **most**? +In early March, I submitted my 2018 tax reports through an online service and was swiftly denied for both state and federal, due to my dependents already being claimed. Due to some ongoing things at the time I filed an extension, and was unable to take care of it until now. + +My wife found out that her mother claimed her as well our son as her dependents on her own taxes. She simply said that she needed the extra money on her return. Additionally, we found out that she contacted my grandmother in order to get our son's SSN to add to her taxes, while already having my wife's. + +When my wife asked her mother how she was able to prove that they were her dependents, she simply explained that she used mail sent to her house that was in my wife's name (she uses her mother's address as a permanent address). + +I am simply looking for the proper and easiest way to handle this situation. My MIL would like me to simply submit my taxes without my wife and son as my dependents, but doing so would not only make my taxes incorrect, we would also be losing almost $3000 on the return. + +Other info: My wife is a stay-at-home mom and has not filed taxes. My son is 2 years old, and both my wife and son were included as dependents on my 2017 report. +He tweeted ā€œWork is so sexyā€ at 2:57am CT. + +https://twitter.com/ryancohen/status/1533719752568446976?s=21&t=uw5tVW-lji6wpeMis1VsKw - 6/6 post for reference + +On 3/31, he tweeted a similar post that said ā€œI was born to workā€ at 4:15am CT. Early morning / late night posts about work is in its literal context (to me). + +https://twitter.com/ryancohen/status/1509459332097875971?s=21&t=uw5tVW-lji6wpeMis1VsKw - 3/31 post for reference + +On 3/31, an 8-K was filed to note that GME was planning to vote for an amendment at next shareholder meeting regarding a stock split. + +https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e - 3/31 8-K filing for reference + +Is it possible we might see stock split on 6/9? Same day that Apple stock split occurred? + +https://twitter.com/ryancohen/status/1499057365601161223?s=21&t=uw5tVW-lji6wpeMis1VsKw - ā€œThe Apple doesnā€™t fall far from the treeā€ (3/2) + +ā€œAAPL's 4th split took place on June 09, 2014. This was a 7 for 1 split, meaning for each share of AAPL owned pre-split, the shareholder now owned 7 shares.ā€ + +https://www.stocksplithistory.com/apple/ - Reference to 7:1 (7-4-1) split on 6/9/2014 +Guten Tag (Ā”y hola!) to this global band of Apes! šŸ‘‹šŸ¦ + +As we continue to push through one of the wildest times in the GME saga, I once again am thorougly impressed by the quality of the DD and the speed at which Apes are able to generate plausible explanations of RC tweets. The Buffett / Popcorn hedge piece by u/Digitlnoize is a magnificent piece of the puzzle, and the theories that RC is trying to communicate that we have already voted the Total Shares Outstanding (Tso) have me jacked to the tits. With the Fed's rate announcement looming and Cinco de Mayo tomorrow, we may be in for quite a fiesta. + +If we really *have* voted the TSO, that would be quite the achievement in such a short time. However, given how many shares are already DRS'd in ComputerShare, the numerous additional shares held hostage in retirement accounts, and the possibility that the large institutional holders have already voted their shares, I would not be surprised if we have reached that point. If so - and if Ryan Cohen has been informed of such an event - then there is enormous potential that the overvote becomes a factor in the coming months. Just how many shares will attempt to cast a ballot? Will the reconciliation process once again obscure the true scale of the naked shorting? Are there repercussions if the board approves a stock split while also aware of the true scale of phantom shares in existence? + +Whatever happens, this definitely feels like the path toward the final boss. Take a moment to replenish your strength in good company, friends. + +Today is Wednesday, May 4th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ„ 120 minutes in: **$120.56 / 114,21 ā‚¬** *(volume: 299)* +- šŸŸ© 115 minutes in: $120.57 / 114,22 ā‚¬ *(volume: 299)* +- šŸŸ„ 110 minutes in: $120.54 / 114,19 ā‚¬ *(volume: 298)* +- šŸŸ© 105 minutes in: $120.59 / 114,23 ā‚¬ *(volume: 298)* +- šŸŸ„ 100 minutes in: $120.58 / 114,23 ā‚¬ *(volume: 288)* +- šŸŸ„ 95 minutes in: $120.62 / 114,27 ā‚¬ *(volume: 283)* +- šŸŸ„ 90 minutes in: $120.67 / 114,31 ā‚¬ *(volume: 283)* +- šŸŸ© 85 minutes in: $120.70 / 114,34 ā‚¬ *(volume: 280)* +- šŸŸ„ 80 minutes in: $120.33 / 114,00 ā‚¬ *(volume: 277)* +- šŸŸ„ 75 minutes in: $120.47 / 114,12 ā‚¬ *(volume: 157)* +- šŸŸ© 70 minutes in: $120.79 / 114,43 ā‚¬ *(volume: 137)* +- šŸŸ„ 65 minutes in: $120.73 / 114,37 ā‚¬ *(volume: 107)* +- šŸŸ© 60 minutes in: $120.82 / 114,46 ā‚¬ *(volume: 97)* +- šŸŸ„ 55 minutes in: $120.81 / 114,45 ā‚¬ *(volume: 95)* +- šŸŸ© 50 minutes in: $120.82 / 114,46 ā‚¬ *(volume: 77)* +- šŸŸ© 45 minutes in: $120.76 / 114,40 ā‚¬ *(volume: 77)* +- šŸŸ© 40 minutes in: $120.74 / 114,38 ā‚¬ *(volume: 76)* +- šŸŸ© 35 minutes in: $120.72 / 114,36 ā‚¬ *(volume: 69)* +- šŸŸ„ 30 minutes in: $120.70 / 114,34 ā‚¬ *(volume: 43)* +- šŸŸ„ 25 minutes in: $120.76 / 114,40 ā‚¬ *(volume: 43)* +- šŸŸ„ 20 minutes in: $120.79 / 114,43 ā‚¬ *(volume: 42)* +- šŸŸ© 15 minutes in: $120.82 / 114,45 ā‚¬ *(volume: 36)* +- šŸŸ© 10 minutes in: $120.79 / 114,43 ā‚¬ *(volume: 36)* +- šŸŸ„ 5 minutes in: $120.73 / 114,37 ā‚¬ *(volume: 26)* +- šŸŸ© 0 minutes in: $120.75 / 114,39 ā‚¬ *(volume: 26)* +- šŸŸ© US close price: $120.43 / 114,09 ā‚¬ *($120.00 / 113,68 ā‚¬ 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 1.0556. 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) + +DiamantenhƤnde 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! +24 years old at the moment. Have been wanting to get into investments that can generate somewhat passive income for the last year and I found a condo in my area for around 60-70k. The goal is to rent it out for income + +I store a good amount of my Bitcoin and other cryptos with BlockFi to earn interestā€¦.they also offer the ability to get a loan through them. Instead of selling my Bitcoin to buy the propertyā€¦I put my crypto up as collateral and got a cash loan equivalent (almost) wired straight into my account. Used that to buy the property! No banks involved at all In the process. Best part is after I pay off the loan (which I easily can right now) the collateralized crypto returns back to my account! + +So while I didnā€™t buy this property with Bitcoin itself. Bitcoin did allow me to retrieve the cash equivalent of my loan through a crypto financial firm. Times are changing and Bitcoin really is the future, I feel bad for those not keeping up with the evolution of money. +I'm a 23 year old college student who is financially independent (big thanks to this sub) and working 2 jobs to put myself through college full time so needless to say, money is tight. + +I've only been with this doctor since January (after going a few years without treatment) and all I needed were perscriptions for ADHD meds, that's it! + +I was sent a bill to the tune of $135. No phone number or anything to even call and dispute it. I called my insurance (Oscar) and lucky me! My insurance covers physcatrist visits and I have $0 copay, but DOESN'T 100% cover psychiatric procedures (what the fuck!?). My doctor really didn't do anything but look at my medical records that I brought that contained 17 years of treatment for ADHD, made a photocopy, and wrote me a perscription. + +Can I dispute this? How do I even go about doing this? I was billed for a "procedure" without my knowledge...which might be justifiable if there was an actual "procedure" or if I was getting diagnosed for the first time, but that wasn't the case. + +Thanks in advance! + +**EDIT**: this blew up! It seems a piece of info is going over a few heads...I *didn't* expect to receive a bill personally. My insurance covers 100% of regular visits for my PCP and psychiatrist, but only 60% of "procedures" when it comes to visiting the psychiatrist, I guess. I have a $0 copay, and that is exactly why I am surprised to see the bill. + +For those of you who asked, the billing code is 90792. + +Also, I can pay the $135 no problem. But would any of *you* be willing to pay someone $135 if you didn't think you had to? Obviously if I'm fucked, I'll pay it lol. + +Those of you who gave solid advice...thank you! +Guten Tag (Ā”y hola!) to this global band of Apes! šŸ‘‹šŸ¦ + +Happy Cinco de Mayo everyone! With so few days between now and the MOASS, many Apes have been looking forward to today based on the thematic links between many of RC's past tweets and Mexican holidays. Whether or not those links were intentional hints, I am *always* up for another hype date, especially coinciding with the penultimate day of trading in a tit-jacking week. + +The Fed rate hike followed by a market-wide green day does come across as a bit fishy. It certainly seems like there was a coordinated effort to make things appear more in control than they actually are, but I cannot figure out what is gained by doing so. It seems like every investor is well aware that the easy money of the past few years has led to incredibly poor investment valuation decisions, and that there is no sane future in which those poor investments don't come crashing down. Many of us are here because we saw the effects that greed had on the SHFs who couldn't see the potential in GameStop. They saw an institution that they thought they could destroy, but they were wrong. + +Meanwhile, Apes will HODL with DiamantenhƤnde as long as it takes for this insanity to end. + +Today is Thursday, May 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- šŸŸ© 120 minutes in: **$124.17 / 117,91 ā‚¬** *(volume: 1417)* +- šŸŸ© 115 minutes in: $124.12 / 117,86 ā‚¬ *(volume: 1412)* +- šŸŸ„ 110 minutes in: $124.11 / 117,85 ā‚¬ *(volume: 1412)* +- šŸŸ© 105 minutes in: $124.21 / 117,95 ā‚¬ *(volume: 1394)* +- šŸŸ© 100 minutes in: $124.05 / 117,80 ā‚¬ *(volume: 1394)* +- šŸŸ© 95 minutes in: $124.02 / 117,77 ā‚¬ *(volume: 1392)* +- šŸŸ„ 90 minutes in: $123.71 / 117,47 ā‚¬ *(volume: 1392)* +- šŸŸ„ 85 minutes in: $124.37 / 118,09 ā‚¬ *(volume: 1170)* +- šŸŸ„ 80 minutes in: $124.58 / 118,30 ā‚¬ *(volume: 1150)* +- šŸŸ„ 75 minutes in: $124.62 / 118,34 ā‚¬ *(volume: 1150)* +- šŸŸ„ 70 minutes in: $124.91 / 118,61 ā‚¬ *(volume: 1146)* +- šŸŸ© 65 minutes in: $126.06 / 119,70 ā‚¬ *(volume: 496)* +- šŸŸ„ 60 minutes in: $125.71 / 119,37 ā‚¬ *(volume: 402)* +- šŸŸ„ 55 minutes in: $125.77 / 119,42 ā‚¬ *(volume: 402)* +- šŸŸ„ 50 minutes in: $125.78 / 119,44 ā‚¬ *(volume: 397)* +- šŸŸ„ 45 minutes in: $126.19 / 119,83 ā‚¬ *(volume: 389)* +- šŸŸ© 40 minutes in: $126.20 / 119,84 ā‚¬ *(volume: 389)* +- šŸŸ© 35 minutes in: $126.12 / 119,77 ā‚¬ *(volume: 386)* +- šŸŸ„ 30 minutes in: $126.12 / 119,76 ā‚¬ *(volume: 386)* +- šŸŸ„ 25 minutes in: $126.16 / 119,80 ā‚¬ *(volume: 373)* +- šŸŸ© 20 minutes in: $126.27 / 119,90 ā‚¬ *(volume: 322)* +- šŸŸ© 15 minutes in: $126.21 / 119,84 ā‚¬ *(volume: 320)* +- šŸŸ© 10 minutes in: $126.18 / 119,81 ā‚¬ *(volume: 320)* +- šŸŸ„ 5 minutes in: $126.14 / 119,78 ā‚¬ *(volume: 123)* +- šŸŸ„ 0 minutes in: $126.38 / 120,00 ā‚¬ *(volume: 123)* +- šŸŸ© US close price: $127.08 / 120,67 ā‚¬ *($126.98 / 120,58 ā‚¬ 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 1.0531. 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) + +DiamantenhƤnde 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! +A perfect example of why the market is irrational. People are really selling off AMZN because they are having trouble with the massive inflow of traffic for prime day. Sounds like a possible buying opportunity. +Hi, + +Not in FatFire territory, might be in a decade but I'm not one to count chickens before they hatch. However, I thought Fatfire might have some members that have gone through this specific decisionmaking process. + +I own a primary residence that I never intend to sell, will keep even if I spend as little as a week a year in it in the future. + +There's a lot of areas my SO and I like visiting on the East Coast and Gulf Of Mexico. We've considered a vacation home but think it would be a money pit that we regret the second we make our first payment on it. I'm happy renting when we want for the rest of our life. + +However, is it possible to "hack" these locations by buying a sailboat that has liveaboard capability? I imagine hanging out near hot spots along the coasts and docking and driving to entertainment and dining. + +In my head, I could either buy a $300k-$450k cottage in a city on the coast, and all the expenses that go along with it. Or I could buy a 30-40 foot liveaboard for around $120k-$240k and use the difference for boat repairs, marinas, etc. + +Anyone done this? Any regrets? Any major pro's or con's to think of? + +For the record I don't think we'd ever rent out our second home, so that's a pro for buying property that we wouldn't have over owning a boat in our case. + +And until retirement it would be a strict weekender vehicle. My and my SO's career are rewarding but demanding. In retirement I would imagine upgrading the boat to a larger one to use as a permanent condo cruiser. Also looking for insight for this. + +Looking for anyone's experience. +If you donā€™t mind me asking, Iā€™m very curious 1) what age did you get married, and 2) were you fat/chubby FIRE before you met your significant other? + +I just donā€™t know how itā€™s possible to find love while working anymore, and how to know whether people love you for yourself or for your net worth. How did you find time to pursue both love and work? +Disclaimer: I do not intend to insult anyone coming from the US, nor do I want to say the US in general is bad + +With that out of the way, let me start my rant. It is so annoying to me that crypto, which is supposed to be decentralized and international, is centered so heavily around the US. Whenever there are some new laws to regulate crypto in the US (like at the moment), everyone is calling it "the end of crypto", prices start dropping and a lot if people get bearish. But whenever any other country does the same thing, noone gives a shit. Germany just allowed Spezialfonds to allocate 20% of their capital into crypto but for some reason this didn't really make the news, but a bill from the US to tax the shit out of stakers/miners made everyone go insane + +I get that the US is a powerful country and a worldwide economic leader, but I hate how regional regulations affect cryptocurrency as a whole. This is just annoying to everyone living in a different country + +With this being said, I know this probably won't change in the near future, since, as I mentioned, the US is a, if not the leading county in the global economy +Guten Morgen to this global band of Apes! šŸ‘‹šŸ¦ + +At one point yesterday, GME was up over 12%. +Naturally, this came on no news. +This kind of thing has happened before, and it will happen again. +The underlying reasons rarely come to light, but it is clear that yesterday's sharp increase in volume was the primary driver of the price increase. +Whether it is a whale buying in, an institution increasing its stake, or a fraction of the shorts being closed, it is clearly too early for celebration. +Two months ago they shorted the price from the upper $40s to the mid-$20s, but they certainly haven't closed those. +When the MOASS begins, you will know. + +Today is Wednesday, October 26th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###šŸš€ Buckle Up! šŸš€ +*** + + +- ā¬œ 120 minutes in: **$26.19 / 26,56 ā‚¬** *(volume: 2900)* +- ā¬œ 115 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2712)* +- ā¬œ 110 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2712)* +- ā¬œ 105 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2680)* +- ā¬œ 100 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2680)* +- ā¬œ 95 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2680)* +- ā¬œ 90 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2680)* +- ā¬œ 85 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2608)* +- šŸŸ© 80 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2508)* +- ā¬œ 75 minutes in: $26.19 / 26,55 ā‚¬ *(volume: 2493)* +- šŸŸ„ 70 minutes in: $26.19 / 26,55 ā‚¬ *(volume: 2293)* +- šŸŸ„ 65 minutes in: $26.19 / 26,56 ā‚¬ *(volume: 2293)* +- šŸŸ„ 60 minutes in: $26.20 / 26,56 ā‚¬ *(volume: 2255)* +- šŸŸ„ 55 minutes in: $26.24 / 26,61 ā‚¬ *(volume: 2250)* +- šŸŸ„ 50 minutes in: $26.26 / 26,63 ā‚¬ *(volume: 2250)* +- šŸŸ„ 45 minutes in: $26.27 / 26,64 ā‚¬ *(volume: 2167)* +- šŸŸ© 40 minutes in: $26.27 / 26,64 ā‚¬ *(volume: 1782)* +- šŸŸ© 35 minutes in: $26.27 / 26,64 ā‚¬ *(volume: 1664)* +- šŸŸ„ 30 minutes in: $26.07 / 26,44 ā‚¬ *(volume: 1662)* +- šŸŸ„ 25 minutes in: $26.08 / 26,44 ā‚¬ *(volume: 1662)* +- ā¬œ 20 minutes in: $26.10 / 26,47 ā‚¬ *(volume: 1562)* +- šŸŸ© 15 minutes in: $26.10 / 26,47 ā‚¬ *(volume: 1547)* +- šŸŸ© 10 minutes in: $26.08 / 26,45 ā‚¬ *(volume: 1510)* +- šŸŸ„ 5 minutes in: $26.04 / 26,40 ā‚¬ *(volume: 1508)* +- šŸŸ„ 0 minutes in: $26.09 / 26,46 ā‚¬ *(volume: 797)* +- šŸŸ© US close price: $26.87 / 27,25 ā‚¬ *($26.52 / 26,89 ā‚¬ 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 0.9861. 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) + +DiamantenhƤnde isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +So, I've been paper trading for awhile after blowing my live account TFU. I've emptied the glass and have refilled it again with more patience and a different strategy. So far, I've been pretty successful scalping the 15 minute charts for 1-16 pips per trade, getting information from the 1-4 hour charts, trend lines and Fib retracement. I've found so far that if you can keep your trades small and simple (able to explain it to an intelligent 5th grader), I've been able to day trade successfully. Successful enough to consider starting another live account. My goal is to double my paper account 3 times before I make it back to the Big Leagues making an average of 2% per day (double an account in 37 trading days). Does any of this sound reasonable or is it crazy talk? +Hy, Iā€™m a guy of 19 years old and I write this to ask to the people with some experience in trading how can I be good at trading. + +My level of experience is not as good but not so bad. I know the basic like the importance of psychology, money management, the importance to setting a good risk reward and the consequence of back testing and having a percentage that can make money in the long run with a risk management of 1: 1/5. and other stuff that donā€™t blow up my account immediately but I think that those knowledges are not good enough and I want to know what steps do I have to be very secure in trading. + +In essence, I want ask to experienced traders what is the ā€œroadā€ to become very secure in this profession. + +Thanks for the attention. + +(sorry for the English, Iā€™m from Italy) +So this trade: http://imgur.com/a/KhLxz is currently up a bit over double my account value, I plan to play it out as a trend trade on either the daily or weekly chart. If I play it as a trend on the daily I would want to double my position size on a breakout of the range, and put my stop under the most recent low, like here: http://imgur.com/a/nBMpF. But I am worried about getting stopped out on a quick pull back. If the trade pulls back here and hits my stop, I'd make basically nothing on the trade, but if stays out of the range, I'm making double what I was making as the trend continues. My other option is to either wait to add in later after the next low then high, or play it out as a trend on the weekly, which I'd need to wait until this point: http://imgur.com/a/4UfI2, then a higher low, and then a higher high. There are risks both ways, but any thoughts? +Hi everyone. + +Ive been looking aroubd at courses fot forex but most seem to be several thousands to purchase. Id love to have something to suppliment babypips(im still a beginner) any input would be appreciated :) + +Thanks + + +Please help me out here with this logic. I have my own ideas but interested in others. Trump wants a devalued USD, but creates trade policies that benefit USD. He promotes fiscal policies that increase growth and inflation. Yet still wants a devalued USD. How can he have both? +This strategy has been something I've been keeping in my mental back pocket for FIRE, but I wanted to share for those that aren't aware since it seems a lot more accessible post-COVID than it might have been before. + +I currently live in a promise city. There are lots of versions of promise cities, but in general the idea is a select number of graduates from the city's public schools gets a scholarship, in some cases full tuition, and in rare cases it's *every student that graduates gets full tuition scholarship, no means testing required*. Most of the time the colleges a student can pick from are limited to public universities, with some private schools being eligible too. In many cases there is only one university that can be attended. + +Most of these scholarships are funded by huge endowments that likely follow a 3.5% SWR or similar. + +[https://citiesofpromise.com/promise-programs/](https://citiesofpromise.com/promise-programs/) + +I went through all of the programs at the above link and here are some of the best: +(in alphabetical order by state) + +**El Dorado Promise - Arkansas:** [https://eldoradopromise.com/](https://eldoradopromise.com/) + +* Every El Dorado school district graduate (enrolled since at least 9th grade) receives a scholarship covering tuition and mandatory fees equal to the highest in-state (Arkansas) public university rate. +* Can be used at any regionally accredited U.S. public or private college or university for an associates or bachelors. +* If enrolled since Kindergarten the benefit is 100%, if enrolled since 9th grade it's just 65%. + +**Hartford Promise - Connecticut:** [https://www.hartfordpromise.org/](https://www.hartfordpromise.org/) + +* Must attend a Hartford Public High School since 9th grade and reside in Hartford throughout high school +* Have a 93% or better attendance record and a 3.0 or better GPA in high school +* Receive $5,000 per year for 4 years to any accredited nonprofit university or college. Halved for 2-year colleges. + +**New Haven Promise - Connecticut:** [http://newhavenpromise.org/](http://newhavenpromise.org/) + +* Every New Haven public school graduate gets full tuition at any in-state college/uni or a maximum annual scholarship of $2500 for a non-Connecticut nonprofit college/uni +* Students need a positive disciplinary record, community service, 90% attendance or better, 3.0 GPA, and a 2.0 in college + +**HOPE Scholarship - Georgia:** [https://www.gafutures.org/hope-state-aid-programs/hope-zell-miller-scholarships/hope-scholarship/eligibility/](https://www.gafutures.org/hope-state-aid-programs/hope-zell-miller-scholarships/hope-scholarship/eligibility/) + +* Covers the entire state! Eligibility includes tons of public, private, and technical schools. +* A decent amount of hoops to jump through, 3.0 GPA, GA resident, 3.0 after starting college, etc. +* Not expected to fund more than 60% of tuition/fees going forward + +**College Bound Scholarship - Hammond, Indiana:** [https://collegebound.gohammond.com/](https://collegebound.gohammond.com/) + +* Must live within Hammond city limits. Must be at any accredited public or private school. Option for homeschooling. +* Has to start in 6th grade to get the full benefit. Subtract 10% for every year after 6th grade. +* Provides around $10k per year to any public or private university + +**TOPS - Louisiana:** [https://mylosfa.la.gov/students-parents/scholarships-grants/tops/](https://mylosfa.la.gov/students-parents/scholarships-grants/tops/) + +* Seemingly for all Louisiana residents, 2.5 GPA or higher, minimum ACT of 20 +* Harder to find specifics, there seems to be a lot of other scholarships to wade through +* Must attend an in-state school for college/uni, seemingly covers full tuition + +**Detroit College Promise, Michigan:** [https://detroitatwork.com/youth/detroit-promise](https://detroitatwork.com/youth/detroit-promise) + +* This one is one of the biggest cities that has a promise scholarship, full tuition and fees at most Michigan schools +* For Detroit residents, since 9th grade, at a Detroit high school or private school, 3.0 GPA, 21 ACT/1060 SAT + +**The Kalamazoo Promise, Michigan:** [http://www.kalamazoopromise.com/](http://www.kalamazoopromise.com/) + +* One of the most famous, covers 100% of tuition to any of Michigan's state colleges or universities, and some private schools +* All students who graduate from Kalamazoo Public Schools are eligible, with a sliding benefit percentage starting at 100% at Kindergarten, decreasing to a minimum of 80% at 6th grade +* Must maintain a minimum 2.0 GPA at college to receive the benefit, but can be reinstated + +**Say Yes to Education, Buffalo & Syracuse, New York:** [https://sayyesbuffalo.org/](https://sayyesbuffalo.org/) & [https://sayyessyracuse.org/](https://sayyessyracuse.org/) + +* Must reside in the city of Buffalo or Syracuse, and must complete grades 9-12 at a public or charter school in one of the two cities +* Sliding benefit scale from 100% at Kindergarten to 65% at 9th grade. 0% afterward. +* Tuition is fully paid for many SUNY/CUNY schools as well as some others in New York and, in the case of Syracuse, around the nation + +There are many more - I'll let you peruse them, but these were some of the best ones in my opinion. + +What do you think? Would you move to one of these cities if you had a WFH job and had the flexibility? Many of them are LCOL or MCOL, so it is quite feasible that it would align well with FIRE anyway. Curious to see what you all think. + This sentiment here has been so volatile that a day literally feels like this + +08:00 AM - Hey guys, just wanted to let everyone know that due to the US Inflation number's, we're officially in the bull market. +09:00 AM - Oh wait, Evergrande defaulted. Crypto and Stocks are skydiving. Clearly the start of a 3 year bear market. + +10:00 AM - Nevermind! It's all good now! BTC broke the \*insert random parameter which no one actually knows which here, because let's face it, no one knows sh-t about f-ck\* resistance and now it's on a clear run for 969.420k. Welcome bull market and may the alts season begin: + +11:00 AM - Uh-oh. Did you hear the news? Apparently an exchange we haven't even heard before is now hacked! Bad news for crypto. Crypto winter imminent. + +12:00 PM - Time to invest in crypto - by buying lunch with my CRO card. Bullish on CRO. + +1:00 PM - Oh my god can China and India please not ban crypto and drop the market literally every other week? Here comes the bear market again + +2:00 PM - Okay, I'll just buy the dip right? If we zoom out the charts, we're in a bull run and the market will bounce back. This is the easiest money I've ever made + +3:00 PM - Why is the dip dipping more + +4:00 PM - WHY IS THIS EVEN HAPPENING + +5:00 PM - Yeah I was stupid enough to buy that "dip", but at least I wasn't stupid enough to predict 98k BTC in November 2021 lol + +6:00 PM - Time to do my weekly research and buy some more tokens... Ofc this research won't even matter since I'll end up losing money anyways, everything has just been red all week. But at least I can pretend I know what I'm doing. + +7:00 PM - Ramen's for dinners, boys! ...and the other four girls in this subreddit. + +8:00 PM - I didn't even knew Evergrande could default twice in a day, but apparently so. And the charts are down AGAIN. + +9:00 PM - Look, grandpa BTC did a lil pump since El Salvador bought the dip and now everyone is having a great time. I mean, there has to be a reason why the country is literally called "the saviour" and I'm pretty sure it that they are always saving our crypto. Everything is green right now and damn, I wish I had bought more this afternoon. Bull mode on + +10:00 PM - I really need to go to sleep but I'll check the charts and Reddit one more time + +11:00 PM - Another time + +12:00 AM - And another time +The Canadian Dollar has outperformed every other major currency this year. Capping the year right near the 1.30 mark. Has it had any major effect on your overall returns? It is up almost 5% for the year. And anybody have a clue on where or might be heading... +20M, I started investing into my TFSA ($22,500) this year w/ WealthSimple to start off easily with a roboadvisor, but am looking to move to a DIY portfolio with Questrade so that I can start having more control over my investments (and lower fees). + + += +I've heard a lot of good things about Model ETF Portfolios from Canadian Portfolio Manager and was thinking I'd start with one of the ETF models then branch out when more comfortable (i.e. take small steps). + +I'm not sure if this is the appropriate place to ask this (if not I'd appreciate if someone can send me in the right direction), but I can't figure out how to choose between: + += + +>["3 Model" ETF Portfolio](https://cdn.canadianportfoliomanagerblog.com/wp-content/uploads/2019/03/CPM-Model-ETF-Portfolios-2019-03-31.pdf) [**TFSA:** ZAG VCN XUU XEF XEC] + +>^(Broke up XAW into XUU XEF XEC = Weighted Allocation MER 0.13% vs. 0.08%) +>^(**Total Weighted Allocation MER = 0.11%**) + +>[Vanguard Canada Portfolio](https://cdn.canadianportfoliomanagerblog.com/wp-content/uploads/2019/03/Vanguard-AA-ETFs-2019-03-31.pdf) [VAB VBU VBG VCN VUN VIU VEE] + +>^(Broke up VGRO/VEQT = Weighted Allocation MER 0.24% vs. 0.16%) +>^(**Total Weighted Allocation MER = 0.15%**) + += + +From what I can tell, based on the back-tested numbers the performance is very very similar, but the average weighted MER for the "3 Model" is 0.11% as opposed to 0.15% with the Vanguard portfolio. On top of that, the Vanguard portfolio would require more effort to rebalance etc. + +**Why would one choose the Vanguard portfolio over the 3 model portfolio? Any suggestions on which I should go with?** +This may be a dumb question but let's say I have 10 units of an ETF, TEC for example, for $25 each through a broker like Questrade. + +Is the unit price of each TEC unit tied directly to the underlying assets held by the fund manager (TD in this case), or is the unit price tied to the market price another person is willing to pay me for that unit? + +In other words, when the price of an ETF fluctuates, is it because of the sum total of the performance of its holdings, or is it because someone else wants to buy units of that particular ETF from me at a particular price at a particular point in time, like with a normal stock? Maybe it amounts to the same thing, I'm not sure. +Following the alarming rate of news about global warming (rising heat, fires, food supply issues, etc.), I can't help but think that the economy as we knew it won't be able to sustain growth in the future. People say there's always a crisis to worry about, but I think this time is different. We're facing a permanent issue that's only worsening, with very few solutions, and no one wants to take action. Hell, supply chains in many sectors and infrastructures across the globe are already collapsing because of heat. It seems to me that future generations will not care as much about the economy, but more about their survival. In that regard, I believe housing will become in demand more than ever before. + +That being said, I would like to hear diverging opinions that will hopefully make me change my mind. I'm in my mid-twenties and I've been investing almost all of my savings in passive index funds (100% equity). Each week, I drop the exact same amount of cash in VEQT to average overtime, and I'm fine with my strategy. However, I can't help but think that the economy will suffer and that the crazy growth we've been experiencing won't be happening ever again because of greater problems. CMV +Brand new to investing and I have been doing a lot of research on Clean Energy ETFs and was wondering if people have some advice on which one might be a better long term investment. I know both of them are brand new and there might not be enough data yet but any advice would be greatly appreciated. +People get too greedy here sometimes. I keep seeing posts about doing 2000x and never selling etc. but it's important to have realistic goals and sticking to them. If your plan is for example to buy a house "hodling forever" is just stupid. You need that house now, not in 20 years time. Plus having a house early will save you a ton of money on rent. + +I often compare my profit taking with traditional assets and I always feel good. I took some profits recently. Around 200+% on one of my coins and let me tell you at first I thought "maybe I sold too early, maybe I should have hodled for longer? Everyone keeps telling me we are still early" But then I compared it to my other investments and let me tell you, I've never had any other investment return over 200% profit in my entire life. I've made more with that single sale than I did in my entire life from investing. If I had to do this with my savings account or regular stocks it would take me years and I would probably never doubled my money. + +It's all about perspective. Have a goal. Realise gains once in a while. Maybe have some stablecoins waiting to buy the dip but don't feel bad if you've sold earlier than everyone else as long as you are in a green, you've won. + +Good luck everyone! +#Details + +Token name: RBIF + +ETH Contract: 0x7b32e70e8d73ac87c1b342e063528b2930b15ceb + +Tokensniffer score: [100/100](https://tokensniffer.com/token/3qj330lf3naodqxav2q09bvqbg6j05ps3npaixk01n8vjnih0xjg614gbdaj?r=6023) + +Bitmart listing: 23 Feb 2022, currently can buy/sell on uniswap. + +Holders: 2615. Holders growing at a rate ~+100 per day + +#Links + +Etherscan: https://etherscan.io/token/0x7b32e70e8d73ac87c1b342e063528b2930b15ceb + +Whitepaper: https://roboinu.io/white-paper/ + +Reddit community: r/roboinu + +Telegram: https://t.me/robo_inu + +Twitter: https://twitter.com/RoboInuFinance + +Podcast: https://open.spotify.com/episode/47Aji4WWXBGB48fghCSUZH?si=vvD-nsRmThivecHPS3JqPg + + +#$RBIF Metrics snapshot + +METRIC VALUE + +Daily Volume ETH 1.4542255970105156 + +Daily Volume Token 5,886,641,295,846.639 + +Daily Volume USD 3,756.425548310859 + +Price USD $ 0.000000000646244 + +#Team +Communicative team with regular video updates with the community and active on Reddit, telegram. Leadership has prior experience with Saitama project. + +#Community +The community as judged by the recent subreddit and telegram activity is strong, growing, involved in marketing, involved in decisions and positive. + +#TOKENOMICS +Reflections (will end once listed on major exchange) + +Total supply: 100,000,000,000,000,000 + +Initial burn at launch: 40% + +Buying Tax : 4% + +1% Goes to rewards for holders. + +3% Goes to marketing. + +Selling/Transferring Tax : 10% + +3% Goes to rewards for holders. + +7% Goes to marketing + +#Critique + +Technology and coin function isn't very different from some other projects, unclear how the coin can complete with major coins that attempt to solve transaction problems. + +Dog logo could be associated with low quality "shitcoins", the team are considering rebranding. + +Strong space project associate could be viewed as trying to cash in on Elon Musk related hype + +Very new project only a couple months from launch, still in initial phase. + +Seems like there are currently only 3 people involved in project so a relatively small team. + +Some project goals very ambitious or vague such as Ā "solid partnership," "major partnership," and "real world events". + +The project could depend heavily on the function of their wallet. This could be a downfall if they have design/bugs/performance issues or the wallet project is significantly delayed. + +Project is relying heavily on community growth and support with official promotion drives giving rewards to passionate shillers. + +Reflections will end when listed on major exchanges and unavailable on exchanges such as Bitmart until coins are sent to a private wallet. + +There are some wallet holders that hold a substantial amount šŸ³ and have significant effects on the price when buying and selling. This is pretty normal for a project at this stage. The reflections/taxes are designed to curb this activity and the effects should reduce as the number of holders increase. + + +#Project Goals + +##RoboWallet: + +ā˜‘ļøPersonal wallet + + ā˜‘ļøAbility to store $RBIFšŸ’Ž and all types of crypto asset + +ā˜‘ļøAbility to bridge different cross-chain networks + +ā˜‘ļøLowest transaction fess + + ā˜‘ļøManage/Track Cryptocurrency/Fiat Expenses + +āœ… +##RoboLaunchpad - an incubator for potential projects with real user cases. There is a guarantee that no scam projects will be released on the Robolaunchpad. + + āœ…##RoboNFTMarketplace - a high-valued digital asset exchange which has daily auctions (NFT products) integrated with #RoboWallet where you can own digital asset value with just a click of a mouse. It was built with the ability to hold the collectibles. + +āœ…##RoboVentures - is to help holders earn money while holding $RBIF token. ROBO VENTURES strives to invest into Spacex and TSLA projects + +#How to buy +How to buy guide: āž”ļø Metamask wallet:Ā https://www.youtube.com/watch?v=w5bnd0Htc4MĀ āž”ļø Coinbase Wallet:Ā https://www.youtube.com/watch?v=92f3OphhMvM + +From 23 Feb you will be able to purchase directly on Bitmart. +Wanted to kickoff my Reddit posting career discussing one of my favorite topics \- CryptoMoonShots. What follows is a brief list of what I'm watching this coming month. I will attempt to keep this as objective and informational as possible, and will try to minimize time spent on price, exchanges, liquidity, etc. Treat this as my personal highlights reel that can act as a springboard for your own research, if so interested. + +For full transparency's sake, I have marked the tokens I hold as of posting with a \(\*\). I hope that helps, as I know not many people trust newer members. Open to other feedback and suggestions as I would like to continue this series. + +**LOW CAP \($0 \- $24m\)** + +* \*Insights Network \[INSTAR\]\* \- One of the first dApps that will launch on EOS, Insights offers the chance to earn tokens by sharing data, responding to surveys, etc. The team is set to put out v2 of it's app this week, including an iOS release. Founders of Partisia and brilliant minds behind SPMC \(Secure Multi\-Party Computing\) are on the team full time, not just advisors. The team is incredibly hard working and produced exceptional outputs on schedule. Price still well below ICO. +* \*Hade Platform \[HADE\]\* \- Stock Market Analytics \+ Media company applying its more traditional experience to crypto. Failed ICO and underwhelming price performance, but have recently improved communications and are approaching a couple milestones. Look for a big hire \(possibly Mark Lynd?\), token burn, and product releases in the coming couple weeks, including HadePay and HadeMatrix. They aim to become the "Bloomberg of Crypto". Not yet on CMC, but the team has teased upcoming exchanges, which should drive the necessary volume. Price still well below ICO. +* Devery \[EVE\] \- Many forget that this ICO sold out in less than 20 seconds. Recently EVE announced partnerships with both the UN to track school lunches in Tunisia, and one of China's largest retailers JD .com. As blockchain use\-cases for product verification and tracking look to be on the forefront of adoption, companies like Devery will continue to excel. On the roadmap for may is the Alpha of their reading app, support for third party developers, whitepaper revamp, and expansion of Devery partnership network and ecosystem. + +**MID CAP \($25m \- $74m\)** + +* Switcheo \[SWH\] \- Cross\-chain DEX focused on NEP \+ QTUM tokens for now. Will implement ETH pairs before NEX launches. Transaction fees in SWH are discounted and automatically burned through the smart contract. The team's presentation at the NEO Amsterdam meetup was powerful. Expect regular announcements of SWH burning to drive the token value. +* Republic Protocol \[REN\] \- Darkpool Testnet in Q2, with Mainnet launch in Q3. Young, bright, professional team. Potential to make decent returns running nodes. Recently announced 100k REN is required to run a darknode and it looks like participating in Testnet guarantees a spot in Mainnet. It's to be determined if KYC will be required to run a node, and the team is speculating that they may provide increased incentive to those willing to run liquidity nodes. +* ShipChain \[SHIP\] \- Didn't get as much attention because they opted for a private sale and airdrop, but I feel that this is one of the stronger teams in the blockchain space, with Roger Crook, an ex\-CEO of DHL, as their CSO. While it's still rather early in the development and employment of their platform, I get the sense this is a gem. Don't currently own, but will be looking to accumulate over the next couple weeks. + +**LARGE CAP \($75m \- $150m\)** + +* \*BLOCKv \[VEE\]\* \- Powerhouse team with a mature, working product. Recently released the Beta of their developer portal, and are onboarding 20 dev groups every 2 weeks through Q2, until Q3 when the public version of the platform is released. Most recent partnerships include an interactive Alienware drawing and a popup experience at the Sky Marketing & Innovation awards, in tandem with ESI Media. May will see more partnerships and developers come online. Personally, I am in love with the idea and potential. +* \*Apex Network \[CPX\]\*\- Founded and built by the successful Chinapex team. Originally planned to be built on the NEO platform, Apex recently announced the engineering of its own blockchain and token ecosystem with a new website and whitepaper. Over 350 premier clients under Chinapex; CEO has mentioned they plan to take 20 companies \(of 70 applicants\) for blockchain trials beginning in Q4. More details about the DPoS structure, Supernode qualifications \+ tiers are expected to come soon. Very recently announced they were working with Maserati on blockchain trials. I personally wouldn't be surprised if we saw enterprise supernodes in 2019. I included this in MoonShots because the team has hinted there are more major exchanges coming in May and it's very rare to find an infrastructure coin outside the top 100. +* SONM \[SONM\] \- This company has been chugging along rather quietly for some time now. There is little question that their engineering team is capable of executing their expansive vision, but historically communications have been weak. It seems like that is going to change with SONM as one of the headline sponsors of May's Consensus conference in NY. + +Thanks for taking the time to read! I hope that it was informative and not too sales\-ey. Please feel free to respond with your personal May Moonshots, as well as any constructive feedback to improve this series. +Hi everyone, + +I currently live in the UK, I'm in my 30's and married with a baby. Current NW \~$2.5m & HHI \~$450k (I'm converting all numbers to USD, underlying is GBP). I work in a sub-discipline of finance and I have received a job offer which would require moving over to the US. The pay bump is very significant and my cash compensation would increase from around $250k to $750k with the real difference being even larger when deferred/non-cash comp is included. My partner currently makes a bit less working for a US headquartered mega corp in a management role and will most likely be able to transfer over to something reasonably similar. + +I'm inclined to take the offer since (1) I have a very good relationship with the employer and (2) wealth building in the UK feels like uphill work at times and I'm not likely to get similar comp levels for a long time if ever here. However, I don't know the US well so I'm a little concerned that I might be walking into something I don't fully understand. I would be able to work remotely but I think there is a strong expectation that wherever I'm based I would come to one of the offices at least every other week (NYC would be best from a work perspective, but other options are Austin, Columbus, Atlanta, Boston). + +I really don't know the US well so I would appreciate any thoughts on: + +* Where to be based - I am happy to trade off entertainment options and buzz for safety and pleasantness. I have some, maybe misplaced, safety concerns about the US probably from the constant stream of gun violence news we get here. +* Suggestions for how I get the best education for my kid - the ideal for me would be to get as close as possible to the educational *quality* in a top UK public (i.e. fee-paying) school. If it's possible to get it without a ton of social baggage that would be even better. +* Work culture compared to the UK - is there anything I should be aware of/is the salary difference compensating me for some other negative aspect I don't know about. + +Thanks for your help. +I am looking to sell my business. Many of you have started and sold companies to achieve your FIRE/fatFIRE, so I wanted to ask, what are a few things you wish you would have known before you sold your company? Would you do anything differently? + +**Background**: I am 30 years old and have grown my e-commerce company over the last years from $700 to $3.7M annually. I have an opportunity to engage a very interested buyer to sell the company for roughly 7M. + +I know if I keep at it, in a year or two I may be able to get double or triple that amount. I am on the fence because I do not know what I do not know about the negatives of selling a growing business. I am single, no kids. Is 7M enough after taxes? Any answers you give should help me gain perspective. THANKS + +EDIT: Looks like I came to the right group. Thank you all so far for all the great advice. I am learning a lot! +I'm sure everyone is dealing with the pandemic with a unique set of challenges. Whether it's helping family, dealing with illness, work stress, kids at home, or other financial stresses. + +I've been finding it important to take time to do little things to give myself little treats. + +At first, I ate whatever I wanted to with no budget on food. I got fat. Then: + +* Turned garage into home gym (treadmill, power rack) +* Got into running +* Golf / skeet shooting +* All kinds of mail order foods +* 2-3 week rentals near national parks (work from "home") +* Dedicating time to spend time with family and friends and using PTO / leave for that +* Appliance upgrades, planning remodel for home + +Curious what others are doing to improve quality of life at this time? Especially since most are not spending what they usually would on travel... +Hey everyone. I'm a floor RN in California with a Master's (leadership) working in a hospital. Because we're unionized, we have standardized pay scales with no room for negotiation - currently make ~$120k a year (hourly employee). While this is great money, in the grand scheme of things, I don't think it'd be enough to attain fatFIRE in a reasonable amount of time. We also cap out pretty low - even RNs with 20 years of experience in my position will hardly clear 140k/year. I'm in my early 30s and have about 100k in my 401k. By my calculations, my total net over the course of 10 years would be 700k - hardly fat! And that doesn't even account for ANY spend. + +I'm wondering if anyone in FAANG knows for any opportunities for a RN to bump up my payscale. I'm open to any other ideas! + +Edit: this is highly illuminating. Thank you very much for all of your insight! +Due to the positive feedback to [my previous study](https://www.reddit.com/r/financialindependence/comments/6p12ni/a_study_of_100_stocks_and_fire_sweden_18702016_17/) on the stock market of Sweden, I decided to take a stab at the US markets. + +Using Robert Shillers data, I have plotted all possible retirement periods from 1871 in the following graphs. Comments are located within the images. Black color inside a square means "portfolio failure" (value is less than zero). All returns are real, meaning including inflation and with reinvested dividends. + +Diagonal lines show 30-year, 45-year and 60-year periods. + +100% stocks|80% stocks, 20% bonds|60% stocks, 40% bonds|50% stocks, 50% bonds|40% stocks, 60% bonds|20% stocks, 80% bonds| +------------|------------|------------|------------|------------|------------| +[Introduction and guideline](http://i.imgur.com/yh7Bgps.png)| +[1% WR](http://i.imgur.com/LjR2FZQ.png)| +[2% WR](http://i.imgur.com/JScOX4l.png)| +[3% WR](http://i.imgur.com/i9SOyRY.png)|[3% WR 80/20](http://i.imgur.com/HYrS1q0.png)||[3% WR 50/50](http://i.imgur.com/FLdmyO5.png)||[3% WR 20/80](http://i.imgur.com/66cRdCH.png)| +[4% WR](http://i.imgur.com/e0YSGam.png)|[4% WR 80/20](http://i.imgur.com/0z6kYmq.png)|[4% WR 60/40](http://i.imgur.com/XsaYmPK.png)|[4% WR 50/50](http://i.imgur.com/q9e60yO.png)|[4% WR 40/60](http://i.imgur.com/M0i6atl.png)|[4% WR 20/80](http://i.imgur.com/xcO1rg5.png)| +[5% WR](http://i.imgur.com/fpihAYw.png)|[5% WR 80/20](http://i.imgur.com/KQWbDKw.png)||[5% WR 50/50](http://i.imgur.com/6GaQbR5.png)||[5% WR 20/80](http://i.imgur.com/RqJpUq5.png)| +[7% WR](http://i.imgur.com/3Ny2YWO.png)|[7% WR 80/20](http://i.imgur.com/jO9xgSo.png)||[7% WR 50/50](http://i.imgur.com/KZ0M0EW.png)||[7% WR 20/80](http://i.imgur.com/K5nJaEH.png)| + +Compared to the swedish stock market, the US markets appear much more stable, especially around the world wars. + +On the other hand, the 70s seem to have been harder for the US than for Sweden. + +I was surprised to see the number of perpetually successful portfolios in the 4% WR case, I hope that it matches the existing studies. + +Please comment, it is now fairly easy to modify these graphs in case some special analysis is requested! + +Note, I might be "off one year" on the X-axis for the bond mix pictures, but this does not affect overall conclusions. Basically the triangle should be shifted one step to the left. + +Data source for stock returns: Shiller: http://www.econ.yale.edu/~shiller/data.htm +Data source for bond returns: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html (I have used the 10-year treasury bonds values) + +It appears that a similar spreadsheet called ["Simba's spreadsheet"](https://drive.google.com/file/d/0B0svRQGBG_eaSER0d3hFSjExYlE/view) exists where you can play around with different asset classes over longer periods of time. It is probably useful if you want to generate similar visualizations on your own. + +EDIT: Big thanks for the Reddit gold! I enjoy this type of long-term historical analysis, so there might be more to come some time in the future... +Typed on mobile. + +Somewhere in this sub I read about DCA'ing top ten coins outperformed trying to find the next moonshot over the long term. SOL was a top ten coin at some point in time . So I decided time to expand my portfolio and buy some SOL. + + +At first it was quite nice, the concentrated liquidity pools (Whirlpools) on the Orca DEX was really nice and I was making sweet returns (provided I monitored the price range closely) + +Then came many network issues (down times). Orca didn't work because the SOL network was down. My whirlpool fell below my liquidity range due to the price drop and I lost because I couldn't pull out my liquidity. + +Not learning my lesson, I continued on until yesterday. + +Then came yesterday's hack. Hot wallets being drained, no one knows what's happening. + +I log in into my Solflair wallet - nothing. F*** looks like I got hacked. I decide to check out the Blockchain explorer, enter my wallet address and I get "error not found". OMW did this hacker hack me so hard my wallet is off the network??? + +I double checked my wallet addresses and I tried opened my different devices and browsers (using my seed phrase). Still nothing. My SOL (and liquidity pools) were gone! + + +Like any investor I made peace with this and move on with my day. After all SOL was simply one coin in a balanced portfolio. + +Last night I thought let me report my wallet as being affected by the hack in case there are compensation schemes. But first I'll double check my wallets. + +And my word. All my SOL, all my liquidity pools, all there like magic. I'm grateful, I swapped into ETH. But I'm also done with SOL + + +So if your still into SOL as an investor ask yourself: + +- How can this crapchain can be restarted by Dev's on demand? + +- Why does crap chain has multiple downtime a year? + +- Why the hell can your coins not be seen the morning of the hack? Is the network so overwhelmed that you can't even see coins in the Blockchain explorer? (I thought SOL was supposed to be super fast?) + +- why the hell must we defend poor service? Other Blockchains offer speed, reliability and Defi too. + + +I'm grateful I finally pulled out with no losses. And I hope you manage to pull out too. SOL has a long way to go before it reaches the reliability and uptime of other Blockchains. + + +Thank you for reading. + + +TL; Dr : I've pulled out of SOL. + +Network downtime losses me money. Inability to track my coins during hacks/network overloads on the block explorer shatters my confidence in the network. + +You should pull out too + +------ +EDIT: wow this post went wild. Thanks for the support, jokes and explanations (whitehat hackers, misconceptions, slope app, etc). I'm still out but definitely learned a lot. +They're giant fucking pussies. We're jokingly mean to each other 99% of the time. We say really jarring and intense shit. Now these pussies come in here and bash us for using a bit of naughty laguage. + +I guess you can't make it through college these days without being brainwashed. + +Edit: theres actually someone IN THE COMMENTS SECTION complaining about it being "fucked" that we call ourselves autists. THAT IS THE PROBLEM. Fuck off and die. +I live in Orange County and would like to invest in my area. Iā€™m having a lot of trouble finding any properties that will cashflow positively with a 20% down payment. So question is, would it be better to put a large downpayment in exchange for positive cashflow? The other options would be to have negative cashflow or to not invest in RE at all for the time being. + +Edit: Iā€™m pre-approved for $850k at 10% down but I donā€™t want to purchase anything over $650k. I have $100k for a downpayment +How would you invest $100,000 in cash assuming you had to buy properties all cash (no financing) + +1. buy 1 property worth $100,000 ? in which market ? why ? +2. buy 2 properties worth $50,000 each? in which market? why ? + +Please keep in mind... no financing... so whatever you buy, you have buy out right +What markets are you seeing real life 15%+ COC? For 2-4 unit buildings. We can hit this easily on the south side of chicago but curious what lower crime rate areas. Assuming 25% down fixed 30 at around 5%. Curious about some Wisconsin markets this seems common. Running numbers on a few markets. Most the pro forma are bs and they are not properly listing out cap/ex/long term repairs averaged out, water/trash/common electric/lease up fees/management, etc. +I'm in my early twenties and about a month ago I began to learn about the world of real estate investing and I've become obsessed. I plan on buying a home that I will use to house hack until I can start moving on to more properties. Right now I'm in the saving stage and plan on moving to Houston next January when I should have about 20 grand saved up. Is it advisable to buy a property there if I've done my due diligence on the neighborhood and the property itself, or should I wait until I have more money or time spent in the area? +My mum has told me that she wants me to sign her house over to my name (or a lifetime discretionary trust in joint names) to avoid selling it to pay for care fees, but I don't see what it would actually achieve. I've read into it and she's in good health now and has no looming care need, so it might not be caught out by deliberate deprivation but that's not what I'm concerned with. I don't really see what the point is. + +&#x200B; + +As far as I understand it, she'd have to fully fund care until her assets were down to Ā£23,250 and then she'd get some tapered assistance down until they reached Ā£14,250, at which the council would cover any difference not met by her income up to their standard rates. + +&#x200B; + +From what I can tell that means the options are either a) she lives in a poggy council care home because that's all their standard rates will cover or b) she lives in a nicer care home but I'd have to sell the house anyway to cover the difference. I'd probably sell the house regardless if she went into care because what am I going to do with an empty house? + +&#x200B; + +I guess if it's out of the assessment it'd mean qualifying for the council funding quicker, but she's got a decent NHS and state pension (c. Ā£25k in total) so the amount of shortfall that the council would meet would only be maybe a couple or few hundred Ā£ a week. Am I missing something or is this a lot of effort for minimal gain once you look at things like capital gains tax on the sale, unless she ends up in a care home for a very long time? +I work for a recruitment agency in the south east. I'm a Lead Consultant with some management duties and have brought in the most amount of revenue for the past 5 years in a row, I have the most clients, the largest clients and by far out bill all of my colleagues. This is not a boast, but simply an explanation to my shock. + +&#x200B; + +I received a call today stating I am at risk of redundancy (I asked for a further explanation which the MD couldn't give me). He also told me I would be having a meeting with himself (MD) and a HR consultant on Wednesday where we will discuss further. + +&#x200B; + +I really don't know what to expect here. I have been with the company 6 years (company has circa 15 members of staff) and I bring in the most money. As far as I know, nobody else in the business has received a similar call. + +&#x200B; + +What do I expect from this meeting? I have never faced redundancy before and have a mortgage to pay. There is no redundancy scheme at the company, would I be eligible for statutory redundancy pay? + +&#x200B; + +None of this is making sense to me. Any advice would be appreciated. Thank you +Edit 2: I was unaware that the SEC rolls FTDs forward in their reports. Consequently, my data may not be accurate because I aggregated FTDs rather than calculating how many appeared and/or disappeared. + +Nevertheless, if the FTDs were covered the next day and new FTDs were reported, my data would be correct. I don't know how many unique FTDs there were, and I doubt anyone does other than the MMs because the SEC does not report the FTD data in a cogent manner. + +To rectify this, I will be uploading average daily outstanding FTD data for each ticker I mentioned (except TME coz it isn't that interesting). The charts still look pretty much the same, just the numbers are smaller because there are many days where outstanding FTD data is 0. + +This is my first attempt at peer reviewed data analytics. Thank you for bearing with me! + +I'll leave the rest of the post as is. + +Edit 3: Updated charts with average daily values rather than aggregated values. + +http://imgur.com/a/SN5zdu3 + +Edit 4: My thesis remains the same. There is certainly anomalous activity on and around the time of the Archegos manipulation. I don't have the data analytics expertise to elaborate further. If anyone wants it, I'll send the data. + +------------Start of post------------- + +Weā€™ve been discussing and theorizing at length about how the elites consuming one another in their efforts to stave off unlimited losses. What I found, MAY be a smoking gun in one such circumstance. + +To set things up a little more, Iā€™m sure that weā€™re all intimately familiar with how FTDs can affect price. If shares donā€™t get delivered, the supply of shares gets diluted, and it becomes easier for short sellers to suppress price. + +Quick Backstory: This all started while I was working on FTD data for a thesis completely unrelated to both GME and the topic Iā€™m about to discuss. I was looking through March 2021 FTD data when I noticed VIAC had an absurd amount of FTDs in March. It peaked my interest, but I went about my business, not really stopping for thought. + +A few days later, while daydreaming about FTDs, it hit me. VIAC was one of the stocks that caused Bill Hwangā€™s family investment fund Archegos to be liquidated and it was one of his largest positions! My interest was now more than peaked. Could FTDs have caused this? + +I smell a mystery! + +To find the answer, I downloaded all the FTD data between December 2019 when Viacom merged with CBS until the most recent FTD release which is the end of June of this year. Between 3/22 and 3/29 VIAC, lost $57/share. In that same time period, there were 2,725,736 VIAC FTDs totalling $254,245,560.68. Very interesting! + +Now this could be something, or it could be nothing. In order to establish anomalous activity, I would need to show that the FTDs during that period were substantially higher than in periods past. I do believe I have uncovered some ā€œanomolus activityā€. + +https://i.imgur.com/w0FL9rV.png + +It gets better when you factor in total value of FTDs (# of FTDs x Settlement Price) + +https://i.imgur.com/iIe91bH.png + +The total value of FTDs on VIAC in March were just about $500 mill! That could certainly put a dent in stock momentum and facilitate a short attack. +ā€œOk Sheepleā€œ you may be thinking, "didnā€™t Hwangalang have other positions"? + +You bet your sweet ape ass he did! + +DISCA FTDs +https://i.imgur.com/1rWQltC.png + +Value of DISCA FTDs +**https://i.imgur.com/BcTeqX0.png** +Looks like Bear Week on Discovery heh heh heh + +He also had substantial holdings in BIDU and TME. Their FTD data doesnā€™t correlate too strongly, but there is still something there, so stand by. + +Bidu FTDs +https://i.imgur.com/qpmoi9S.png + +BIDU FTDs total value +https://i.imgur.com/SSwSPmG.png + +TME FTDs +https://i.imgur.com/GZxE4cY.png + +TME FTDs total value +https://imgur.com/5e0cyrw + +You may have noticed the bulk of the BIDU and TME FTDs donā€™t all occur in March. According to WSJ, + +>ā€œMr. Hwangā€™s strategy began backfiring in recent weeks, as the stock price of companies in which Archegos had significant exposure, including China internet-search giant Baidu and Farfetch, began to sell off. Baiduā€™s stock price rose sharply in February, but by mid-March its shares had dropped more than 20% from its highs.ā€ + +I do believe we have more than just a "sell-off" here. All those FTDs over the preceeding 5 months could have certainly compounded the effects of a sell-off / short attack. + +https://www.wsj.com/articles/what-is-archegos-and-how-did-it-rattle-the-stock-market-11617044982 + +What you may have also noticed is that the FTDs in VIAC and DISCA continue after the margin call was made before tapering off back to their normal levels. I believe this provides further evidence of skullduggery. + +It should be noted that this is not necessarily the work of our favorite punching bag Shitadel. Any market-manipulator responsible for delivering shares could have had something to do with this. + +--------Now onto price action.-------------- + +I know you have a short attention span, so Iā€™ll remind you that although BIDU and TME donā€™t have exceptionally anomalous FTD data, but thereā€™s something there. I also promised you some GME involvement and Iā€™m not gonna break that promise. + +The price action on Billyā€™s largest positions exhibit some eerie similarities. + +VIAC yearly chart +https://imgur.com/TO0aeg3 + +DISCA yearly chart +https://imgur.com/sFVzGxZ + +BIDU yearly chart +https://imgur.com/JHJz6SO + +TME yearly chart +https://imgur.com/BDet5Qw + +FTCH yearly chart +https://imgur.com/bi3F5rs + +Last but definitely not least! +https://imgur.com/RPWR96t + +Wat doing market manipulators? + +Clearly, March 24th was a big day. I donā€™t believe the correlations in Billyā€™s stock positions were the result of liquidation because, according to the major news outlets Hwang didnā€™t have his positions liquidated until the 26th. I could be wrong here, but this all seems like a coordinated attack to flush Billy out of his positions two days prior to the liquidation. + +I donā€™t have a clue why GME also went down on the 24th, maybe Billy was long??? If he was long GME, pushing him out of his positions would drive the price of GME down. It is sus that their charts are the same two days before the March 26th liquidation. After all, Hwang had 10's of billions of dollars at his disposal. At the time, it wouldn't have taken all that much money to drive GME up, or drop it down. + +Implications of all this: **THIS IS PURELY CONJECTURE** + +- Every article Iā€™ve read on the Archegos collapse claims that the banks leveraging Hwang did not know about how much leverage he was getting, or [how risky his positions were.](https://imgur.com/5SBvjkp) Assuming the anomalous activity was the result of market manipulation which I believe it is, someone had to know how leveraged Billy was in order to carry out the attack. + + +- FTDs significantly affect price action! It shouldnā€™t have to be said, but Iā€™ll say it anyway. If youā€™re a domestic or foreign investor with significant holdings, PAY ATTENTION TO FTD DATA!!! + + +- Somebody, or more likely, somebodies made a lot of money off of this. + + +- The rich are feeding on their own. + + +I could be 100% wrong and I look forward to what the apes with actual wrinkles have to say. + +Limitations of my work: + +1. I donā€™t have access to bloomberg terminal which would give me institutional short position reports in all the stocks I mentioned. + + +2. I don't have the ability to check every stock in the market to see if the anomoly could be considered market wide. I did check a few other tickers, and there price action did not mirror Hwang's positions and GME, but again, I can't check every stock. + + +3. The MSM articles Iā€™ve read donā€™t all report the events the same way + + +4. I am a retard and have invested my lifeā€™s savings into my favorite stock + + +TLDR: I believe that the Archegos collapse was orchestrated by one or more market makers utilizing FTDs to suppress upward trajectory in the underlying securities his positions were based on. If this is true, then someone knew full well how leveraged Hwang was despite what the media has said. + +Given how much some banks made off of Hwangā€™s positions, its possible if not probable that they were in on it too. GME moved right alongside the positions that Bill Hwang was in, so Billy Hwang may have been an ape. That might explain the actions taken against him by the market maker(s). I don't think it's an obsurd conjecture that DFV and RC were the only ones to notice Gamestop's potential. + +Wall Streetā€™s losses were estimated at $10 billion, so I do believe this warrants further investigation. + +Edit 1: Apparently I'm not allowed to aggregate the numbers because FTDs are rolled forward day to day. + +What I've posted is the maximum number of FTDs and associated cost that could exist. Later today I will go back and subtract the data points and fond the minimum number of FTDs and associated costs that could exist in the given data. +So this is probably a dumb question or one I'm not thinking about correctly, but I've always wondered why I should contribute to a Roth over Traditional IRA or 401k if my income now (I'm 26 and make 70k salary and contribute to a Roth IRA and Roth 401k) is larger than when I retire and have zero income because I'm retired? What am I missing? Thanks for enlightening me. +I've had a look on comparison sites but I'm interested in personal opinions to support my choice. + +I currently have Amex Platinum Cashback which offers around 0.5%. I try to spend on it as much as possible but tbh the annual cashback never far outweighs the membership fee (Ā£25). Especially this year with no travel etc. + +What I will say is their customer service is excellent. Every time I speak to them they are super helpful. + +Interested to hear others thoughts. + +Thanks +When everything was going up, the concensus seemed to be that once you feel confident things are going to go up, it's sort of already too late to get the bargain. it's already 'priced in' and you should assume you're always the last person to know about any big financial news. ie you can't predict the future so don't even try. + +But it seems the same logic isn't being applied on the way down. Everybody seems confident that there's going to be a rough couple of years ahead, with further drops in the market. People talking about switching their supers, putting more into their offset account instead of shares. Essentially acting as if we're on a peak and they know the dips are coming. + + +But how is this not priced in already? Surely the recent dips *are* the reaction to the news of future unstability. ie the market has already reacted, we're late again - as we always will be. + +Whatever is true, must be true for both market going up and down, right? +Eli Lilly & Co. said Friday its new lung-cancer drug will cost about $11,430 a patient a month in the U. S.--well above what a group of doctors say is a fair price that reflects what they call the drug's modest benefit. + +A Lilly spokeswoman said Friday that the price for Portrazza, which received marketing approval from U.S. regulators in November, is similar to other biotechnology drugs. She said Portrazza extended survival among patients with a deadly type of cancer known as squamous non-small cell lung cancer, which has had few new treatment options in recent years. + +But cancer experts describe the survival gain as modest. Portrazza, known generically as necitumumab, extended median patient life by six to seven weeks in a clinical trial versus chemotherapy, to about 11 1/2 months from the start of treatment. Half of patients who received Portrazza lived longer and half lived less. + +My question is two-fold: + +1.The broader question as per the title. What are the most common ways? Right from simple investing up to how assets / property can be utilised to borrow, re-invest and generate more wealth. What would you say are the main barriers that stop those not involved in wealth-growing from being involved - knowledge, connections, intelligence, risk-taking, luck, a bit of everything? Also from an inheritance tax perspective - how common actually are the use of trusts? + +2. I was part of a conversation recently where an acquaintance is purchasing a very expensive property in London with an interest-only mortgage and her income is low. I'm aware the family in question own substantial property assets and I'm wondering if a.) if it seems likely that the family has used these assets to enable this interest-only arrangement seeing as this person is a low earner and b.) how this would/should play out long-term. Do you think they are utilising the cash to make other investments in the short-to-medium term and thereby the pay-off of the capital is 'easier' in the future (ie. that 500k is turned into 700k?). Is this common and are there any downfalls? +**The original method used to calculate the cap was not accurate, and just happened to be roughly correct due to two of my largest mistakes offsetting each other. The post below has been updated to produce a more accurate estimate of wholesale costs, but it is still a very rough method using end-of-quarter prices rather than averaging all prices (the application will average the price of more contracts, the difference of the method below with more complex is under 10% though).** + +Price cap estimates in most articles are based on consumption for the average consumer. But what does this mean for you? + +This post will explain how you can use publicly available data to create an estimate of the price cap at a given date, and then use that to create an estimate of your own bill at that date. + +Price cap estimates are based on electricity and gas futures. A future is a contract for the purchase of a commodity at a future date. There are futures contracts for UK electricity and UK natural gas expiring from September this year to many years into the future. The price of these contracts do not predict the future price, but provide today's estimate of supply and demand for delivery at that future date. + +Here is the price table for UK natural gas: [https://www.barchart.com/futures/quotes/NFU22/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/NFU22/futures-prices?timeFrame=daily) + +And here is the price table for UK electricity: [https://www.barchart.com/futures/quotes/N4U22/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/N4U22/futures-prices?timeFrame=daily) + +And for UK electricity at peak times: + +[https://www.barchart.com/futures/quotes/N8F24/futures-prices?timeFrame=daily](https://www.barchart.com/futures/quotes/N8F24/futures-prices?timeFrame=daily) + +To calculate the accurate fuel cost for the price cap, we need to weight prices across the year reflecting the cycle of seasonal demand for these products. The actual weighting scheme used has to be very precise, but we will use less data to make this easier at the cost of some accuracy (I have checked the result against other estimates, and it is within 10%). + +We take the end-of-quarter price for each contract in the price cap period: March, June, September, December. + +We multiply gas by: March \* 0.422 + June \* 0.168 + September \* 0.077 + December \* 0.332. This will leave us with a weighted annual price in therms. + +We multiply peak and base by: March \* 0.286 + June \* 0.228 + September \* 0.208 + December \* 0.278. + +We then weight peak and base: weighted peak price \* 0.3 + weighted base price \* 0.7. + +If we do this for the January price cap, we end up with a weighted gas price of 416 pence per therm and weighted electricity price of Ā£425 per Mwh. + +Confusingly, UK electricity is priced in Mwh but UK natural gas is priced in therm. Both are measures of energy, but we want to work with Kwh so will need to convert. + +For gas we first convert to pounds - 4.16 - and then multiply by 1/29.3071 to get the price in Kwh: 0.142. + +For electricity we just need to convert from Mwh to Kwh, so we multiply 425 by 0.001 to get into Kwh: 0.4255. + +Ofgem uses annual consumption numbers (for consumers with mixed gas-electricity power) of: 3100Kwh for electricity and 12000Kwh for gas. + +We multiply that through - adding a standard charge of Ā£0.45 per day for electricity and Ā£0.27 for gas - and get Ā£3,286 of cost. + +To this, we need to add other costs related to the distribution and generation of power. + +The exact quantum of these costs is not with certainty ahead of time. During 2023, it is also expected that certain costs are realised by distributors that may not be incurred after 2023 (i.e backwardation). + +Current estimates of these costs come out to \~8p Kwh/day, or \~Ā£1,200 annually. This takes the total cost in January to \~Ā£4,200. + +You can replace the consumption information with your own numbers to get an idea of your own cost. But remember to add the fixed costs at the proportional level. If you are modelling the cap after 2023, I think a number closer to 7-9p Kwh/day would be more accurate but this is just based on levels pre-2022. + +But if you don't want to go through this yourself, want an estimate that is updated every day, or want to work out an estimate for every quarterly cap period up to 2025, I have built an online tool which does this all: [https://pytho.uk/hephaestus](https://pytho.uk/hephaestus) (right now, the application uses the old incorrect version of this calculation, I will update with a more accurate method that uses more prices when I have time, I am also investigating how to model backwardation costs for the application as this has become a significant "fixed" cost). + +I have also put together a more general blogpost explaining in more detail some aspects of this calculation: [https://pytho.substack.com/p/how-to-calculate-the-energy-price](https://pytho.substack.com/p/how-to-calculate-the-energy-price). + +It is important to understand that this is not a prediction but an estimate based on today's information. As time elapses, information and prices change. The application was created to allow people to check in frequently at their leisure and make decisions (rather than wait for a consultant to announce to them that they need to panic immediately). + +Happy to answer any questions. If anyone has any idea how to improve the calculation, I am also happy to take suggestions (I don't really know much about power generation, my modelling for fixed costs is a very vague estimate...the logic is explained in the blogpost as it is too involved here...so would be happy to for any tips from those who know the industry). + +Thanks for reading. +https://www.bloomberg.com/news/articles/2019-06-29/xi-trump-agree-to-restart-trade-talks-china-says?utm_medium=social&utm_content=business&cmpid=socialflow-facebook-business&utm_source=facebook&utm_campaign=socialflow-organic&fbclid=IwAR2bLqR4nImbtA2fqjMjC7OzAuDydULwzt7hR3KrSoijLbmj-i1NZg7U3SQ +I am 18 and want to buy and hold some growth stocks for the next 20-30 years. What do you recommend? + +Iā€™m a 18 year old from Glasgow, Scotland. Born into a low income family, I have been working since I was 16, I am in education, and I have been teaching myself about money, business, psychology, and fitness for the past 3 years. + +To live a happy and fulfilling life I understand money isnā€™t everything but I also understand money is a tool that I can use to help myself and others. Iā€™ve learned that through compound interest and good saving/investing habits I could use this time right now to set myself up for the rest of my life. + +I make around Ā£1,200 a month from my part time job and my side hustle. My expenses are Ā£300 which gives me Ā£900 a month of disposable income. I save on average Ā£400 - Ā£600 of that each month. + +I have Ā£1,040 in a cash isa, +Ā£2,030 in a low risk diversified mutual fund, +And Ā£2,770 in my individual stocks. + +The stocks I have are AAPL, AV, EZJ, TSLA (current net profit of Ā£280) + +Total- Ā£5,840 + +Would love some different opinions and advice because Iā€™m sure Iā€™ll be able to learn a thing or two šŸ˜šŸ‘šŸ» +Iā€™m $200 short on rent because my boss told me I would receive my first paycheck today but I did not. Iā€™m very frustrated because I asked him this several times and he made it seem like he was sure I would get paid today. I was already late last month so and my landlord gave me a warning. Does anyone have any suggestions on how to make $200 fast. I do not have a car so I canā€™t do delivery apps. +# Welcome to the /r/Bitcoin Sticky FAQ + +You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. + +It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential: + +* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1) +* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) +* [Video 1: The Stories We Tell About Money - Andreas Antonopoulos](https://youtu.be/ONvg9SbauMg?t=1) +* [Video 2: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=272s) +* [Video 3: Bitcoin 101 - Balaji Srinivasan](https://youtu.be/JIxwTx7o_B4?t=1) +* [Video 4: Bitcoin Macro Strategy - Michael Saylor & Ross Stevens](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit/sessions/bitcoin-macro-strategy?CID=7014W0000014yhJQAQ) +* [Video 5: The Saylor Series - Michael Saylor & Robert Breedlove](https://youtu.be/4rvTppy1qLI?t=1) +* [Video 6: Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset - Stephan Livera, PlanB & Saifdean Ammous](https://youtu.be/j2cP8k_QUaw?t=1) + + +Some other great resources include Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course, Jameson Lopp's [resource page](http://lopp.net/bitcoin.html), Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical), and James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s). Some excellent writing on Bitcoin's value proposition and future can be found at the [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/). + +If you are technically or academically inclined check out [developer resources](https://developer.bitcoin.org/) and peer-reviewed [research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg), course lectures from both [MIT](https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/video-lectures/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/) as well as future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/). Some Bitcoin statistics can be found [here](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [here](https://bitcoinvisuals.com/) and [here](https://bitcoin.clarkmoody.com/dashboard/). MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial bitcoin integration. + +You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL) and [what you could have earned](https://dontbuybitcointheysaid.com/) if you didn't listen to them! XD + +## Key properties of Bitcoin + +* **Limited Supply** - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you how much time until the next drop in block rewards. +* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself. +* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/). +* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/). +* **Censorship resistant** - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point). +* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them. +* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://www.reddit.com/r/Bitcoin/comments/7pwna9/lightning_network_megathread/), a second layer scaling solution currently rolling out on the Bitcoin mainnet. +* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/). +* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work. +* **Pseudonymous** - No need to [expose personal information](http://bitcoinsimplified.org/learn-more/anonymity/) when purchasing with cash or transacting. +* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and canā€™t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets. +* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met +* **Nearly instant** - From a few seconds on the lightning network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations. +* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/). +* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security). +* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. +* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin. +* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat + +## Where can I buy bitcoin? + +[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the [bitcoinity exchange resources](https://data.bitcoinity.org/markets/exchanges/USD/30d) for a larger list of options for purchases. + +* [Cash app](https://cash.app/) +* [Gemini](https://gemini.com/) +* [Swan](https://www.swanbitcoin.com/) +* [River Financial](https://river.com/) +* [Bitstamp](https://www.bitstamp.net/) +* [BitFinex](https://www.bitfinex.com/) +* [Xapo](https://xapo.com/) +* [Kraken](https://www.kraken.com/) +* [Cex](https://cex.io/) +* [LocalBitcoins](https://localbitcoins.com/) +* [LibertyX](https://libertyx.com/) +* [P2P exchange list](https://github.com/cointastical/P2P-Trading-Exchanges/) (decentralized) + +You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/). + +**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. + +## Securing your bitcoin + +With bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold the bitcoin for you. + +* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the [Trezor](https://www.trezor.io/), [Ledger](https://www.ledgerwallet.com/) or [ColdCard](https://coldcardwallet.com/) is recommended. + +* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets. + +* If you prefer to let third party **"Bitcoin banks"** manage your coins, try [Gemini](https://gemini.com/) or [Unchained Capital](https://unchained-capital.com/) but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, **"Not your keys, not your coins"** meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them. + +**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!** + +2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes. + +**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges. + +Google Auth | Authy | OTP Auth | andOTP +--------------|--------|------------|-------- +[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp) +[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A + +Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys. + +Both Coinbase and Gemini support physical security keys. + + +## Watch out for scams + +As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**. + +* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well. +* Ignore private messages offering services. +* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website. +* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste. +* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money. + +## Common Bitcoin Myths +Often the same concerns arise about Bitcoin from newcomers. Questions such as: + +* Is Bitcoin a Ponzi scheme? +* Will governments ban Bitcoin? +* Will quantum computers break Bitcoin? + +All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered: + +* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths) +* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/) +* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/) + +## Where can I spend bitcoin? + +Check out [spendabit](https://spendabit.co/) or [bitcoin directory](http://bitcoin.directory/shop) for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started) or [Fold card](https://foldapp.com/). Some other useful site are listed below. + +Store | Product +---|--- +[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc. +[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/) and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results +[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs +[Piixpay](https://piixpay.com), [Bitbill.eu](https://bitbill.eu), [Bylls](https://bylls.com), [Coins.ph](https://coins.ph), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Coinsfer](https://coinsfer.com/), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment +[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door +[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [Abitsky](http://www.abitsky.com/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away +[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services +[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration +[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage +[Coinmap](http://coinmap.org/) and [AirBitz](https://airbitz.co/search?term=&location=Current+Location) are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at [wheretospendbitcoins.co.uk](http://www.wheretospendbitcoins.co.uk). + +There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations. + +## Merchant Resources + +There are several benefits to accepting bitcoin as a payment option if you are a merchant; + +* 1-3% savings over credit cards or PayPal. +* No chargebacks (final settlement in 10 minutes as opposed to 3+ months). +* Accept business from a global customer base. +* Increased privacy. +* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it. + +If you are interested in accepting bitcoin as a payment method, there are several options available; + +* [BTCPay](https://btcpayserver.org/) +* [Square cash](https://cash.me/) +* [Stripe](https://stripe.com/bitcoin) +* [Wyre](https://www.sendwyre.com/business/) +* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet) + +## Can I mine bitcoin? + +Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](http://folding.stanford.edu/). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out. + +If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can [run a full node](https://getumbrel.com/). You can view the [global node distribution](https://getaddr.bitnodes.io/) for a visual representation of the node network. + +## Earning bitcoin + +Just like any other form of money, you can also earn bitcoin by being paid to do a job. + +Site | Description +---|--- +[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Cryptogrind](http://www.cryptogrind.com/#!/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), [Rein Project](http://reinproject.org/) | Freelancing +[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online! +[OpenBazaar](https://openbazaar.org/), [Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces