diff --git "a/reddit_finance_43_250k_327.txt" "b/reddit_finance_43_250k_327.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_327.txt" @@ -0,0 +1,10000 @@ +[/r/GirlsGoneBitcoin](http://www.reddit.com/r/GirlsGoneBitcoin) NSFW | Adult services +[A-ads](https://a-ads.com/), [Coinzilla.io](https://coinzilla.io/) | Advertising + +You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin). + +## Bitcoin-Related Projects + +The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space. + +Project | Description +---|--- +[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling +[Liquid](https://blockstream.com/liquid/), [Rootstock](https://www.rsk.co/) and [Drivechain](http://www.truthcoin.info/blog/drivechain/) | Sidechains +[Hivemind](http://bitcoinhivemind.com) | Prediction markets +[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain +[BitMarkets](https://voluntary.net/bitmarkets/), [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone), [Beaver](https://eprint.iacr.org/2016/464.pdf) and [Open Bazaar](https://openbazaar.org/) | Decentralized markets +[JoinMarket](https://github.com/chris-belcher/joinmarket) and [Wasabi Wallet](https://github.com/zkSNACKs/WalletWasabi) | CoinJoin implementation +[Decentralized exhanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Decentralized bitcoin exchanges +[Keybase](https://keybase.io/) | Identity & Reputation management +[Abra](https://www.goabra.com/) | Global P2P money transmitter network +[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library + +## Bitcoin Units + +One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below: + +Unit | Symbol | Value | Info +---|:---:|---|--- +bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis +millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in recent Electrum wallet releases +bit | bit | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin (μBTC) +satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor + +For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal: + +* 0.001 BTC +* 1 mBTC +* 1,000 bits +* 100k sats + +For more information check out the [Bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units). + +--- + +**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. + +**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval. + +**Welcome to the Bitcoin community and the new decentralized economy!** +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! +I've been using Monzo for a couple of years and have nothing but good things to say, but the clutch of recent news stories about accounts being frozen or closed with reason or warning has me really worried. I've never gone full Monzo but I do use it for some savings and day to day spending. + +Is it just fear mongering? I don't have either the money or the will to go into battle if they arbitrarily freeze my account. The stories in that Facebook group are many and alarming. But Monzo's app is so amazing that I'm reluctant to move back to traditional banking. + +Has anyone found a similar but better account elsewhere? One that also has the money come out straight away when you spend? No charges abroad? Pots? I've heard Starling are better, but not entirely. + +https://www.vice.com/en_uk/article/bvg7n3/monzo-freezing-closing-accounts-complaints + +https://www.theguardian.com/money/2020/jan/18/monzo-account-freeze-app-fraud + +https://www.thisismoney.co.uk/money/saving/article-7601613/Digital-bank-Monzo-sending-customers-food-bank.html + +Edit: I'm really disappointed by the downvotes I'm getting for asking a very reasonable question. I expected better of this sub. +So I know a lot of folk here run the wheel as their primary option strategy. The wheel has been the cornerstone of my option selling strategy for awhile but I recently been trying out a new kind of wheel strategy that might seem to mitigate some of the downsides of the wheel. While the wheel has its advantages there are of course downsides to the wheel. It takes a lot of capital to sell the CSP and CC’s which makes diversification difficult, especially for smaller accounts. Also, there’s no real downside protection with the CSP or CC. What I been doing lately is instead of selling an otm CSP on one of my wheel stocks I been selling atm or just otm put spreads with a 2-3 week dte . These tend to be tight spreads with fairly high 40-50 delta short puts. Because they are atm I usually collect 40-60% of the width of the spread. If the stock holds or goes up I wait til expiry and keep the whole credit. If the stock collapses then my max potential loss is only the width of the spread minus the credit collected but instead of closing for a loss what I been doing is selling the long position protective put on expiration day and either using that additional credit to roll the short put down and out to an otm csp usually for a break even or slight profit or allowing the short position to get assigned to immediately sell covered calls against the shares. Because of the credit received for selling the initial spread and the credit for selling the protective long put I usually take assignment of the stock with a basis pretty near or just above the current market price regardless of how much the stock collapsed during the time the initial spread was pending. Once you take the shares or sell the csp then you obviously lose the downside protection and it would be a judgment call at that point if you want to do that or just eat the small loss from the initial spread or maybe even roll into another spread. Running the wheel this way seems to allow me to diversify more and get a higher return on capital. Wonder if anyone else runs a similar kind of modified wheel ? +I want to delve into the world of debit spreads because I really like the limited risk aspect to it with a pretty solid % gain potential. Which strategy do you prefer and why? + +[View Poll](https://www.reddit.com/poll/p8udyj) +I’m up $150k this year on short term capital gains. That’s gonna hurt come tax season, it’s basically a $70k tax liability. + +Could I do something like this: buy SPY shares, and create a synthetic SPY short at the same time. Then if SPY skyrockets, I close the options for a loss. Bring my tax liability down to 0. I’ve transferred the gain over to SPY, and I don’t have to worry about it until 2022– hopefully, I’ll eventually make it pong term capital gains at a lower rate. If not, at least I’ve deferred it. + +Any drawbacks here, or any other alternatives I should look into? +Firstly, thank you guys for opening my eyes. I have both made and lost a lot of money in the past by rolling the dice in the options casino. (Down 30K over the life of my account on speculative options trades.) However, since beginning my journey as an options SELLER I have done nothing but make money. You all deserve the credit. Thanks. + +Moving on: I've made good money this year by selling cash-secured calls and puts, mostly by selling short strangles. (Yes, even in this market.) YTD I've made $8,752.40 after fees, approximately $1,347.00 per month, BUT I want to take it to the next level. I'd love to hear your thoughts. My current portfolio is around 92K. + +Current strategy: + +Selling cash-secured, same-week expiry, 95% probability OTM calls and puts in the direction of volatility. If the market reverses after a big down or up day I'll sell the opposite leg of the short strangle. If the market continues in the direction of the first leg, then I'll sell additional options at the original strike (ideally) or adjust accordingly (sell something closer if approaching resistance / slowing down, OR sell further OTM if the market is accelerating towards my initial strike). I almost always sell the first leg on Monday, but I've sold a few legs on Friday. I almost always let my options expire unless they're ITM or close to being ITM in which case I close them. If a position is 300% in the red I'll close the position and sell something further out for the initial premium. + +My biggest issue is that my strategy generates a low premium relative to the maintenance requirement for each position. Am I being too risk-averse? What would you do in my position? Thanks. + +Stocks: Mostly QQQ, SPY, TSLA, GME + +Active positions for this week (example): + +2 x QQQ Jul 15 2022 268 Put - combined $52.00 in premium. + +2 x GME Jul 15 2022 95 Put - combined $62.00 in premium. + +2 x TSLA Jul 15 2022 535 Put - combined $102 in premium. +Hey guys, curious about what the optimal move is when running 45 DTE spreads as your collateral continues to increase while trading. + +Assuming I want to keep running the same style of play, is it generally better to buy more contracts of the tighter strike positions or increase the strike width to increase profit (for example, 5x 200/198P spreads vs 1 200/190P spread)? + + +Hello Folks – joined r/thetagang a few months ago and have been learning invaluable knowledge from this forum lately, I am glad to be part of this group. Here to get your honest feedback, suggestions, please….. + +I am an enterprise architect at a major software firm making roughly around $175K/- per annum. but have been actively planning for retirement in the next 5 years. and putting the below plan in motion very recently. + +Deployed 1M cash ( between IRA & Personal) accounts and do the below for next 3-4 yrs. + +1 – 60% of the portfolio will be in SPY, IWM, QQQ, TQQQ, FAANG – ( Buy and HOLD/do WHELL as needed based on VIX and market volatility ) + +2 – 30% of portfolio for WHEEL, with quality stocks which really wanted to own if I get assigned. ( I don’t venture out on meme stocks in general. If I do, I won't risk more than 1K per trade.) + +3 – 10% of Portfolio for the Rest – Buy naked options, STOCKs, etc., + +Of course, that’s the max allocation. But at any given point I am planning to have enough liquid cash based on VIX, suggested by /TastyTrades .( couldn’t find the video to post here ☹ ) + +The goal in the next 3-4 years is to make ***at least 120K on average,*** ***consistently*** before I go ahead with my plan to quit my job and do full-time trading. sounds reasonable ? or am I NUTS? +I’ve listened to every episode and Joonie is becoming pretty annoying. He doesn’t seem to actually talk about strategies anymore. It’s more like he just reads patch notes for his website, chastise people for having fun, and reading fan mail. Where did strategies go? He just seems to be fomoing over meme stocks and sad people got into something they had no idea about. + +Anyone have any other good options podcasts/media? I listen to tastytrade as well, but always like more content. +I know absolutely zero about this stuff. Please treat me like I am 5. + +Basically, my friend said that if you buy shares in a company that pays dividends, then that company will still pay you the same regardless if the value of that share goes up or down. + +He used a hypothetical example of if Coca Cola was priced at $10 per share (I wish) and if I was to buy 1 share for $10, and they paid dividends at a rate of $1 yearly, then after 10 years of owning that share I would be making $1 profit yearly and that would never change unless I sold it or the company went bankrupt. + +I basically just wanted to know if he’s talking out his ass or not before I start researching how all this stuff works myself. +https://imgur.com/a/XQGVIHl + +So due to being in iso this week we are limited to colesworth deliveries, rather than my much cheaper local grocer. + +My wife suggested a meal with cauliflower and I was shocked to see the price. Almost 3x the price and probably half the size I am more accustomed to. Anyway I refused to pay the price, my wife called me a tight arse and we moved on. + +While I feel I may have won the battle, I fear with floods, war, inflation, worker shortages, etc. I may end up loosing the war and will soon have to get used to double digit cauliflowers. + +How are you going to tackle this in your household? Assuming our wages are not trippleing anytime soon. Will you just pay the asking price? Or cut out products for good? +Hi, + +One of my friends has been claiming that he made millions using quant trading. So, around a month ago, I decided to figure out what is all this about. + +So far I read 4 books on quant trading. The more I read the more I realized he was full of shit. Nothing he says adds up. He makes mistakes even describing some simple algorithms. + +Then I started searching about the success rate of day traders and quant traders. After spending half a day reading multiple articles, news, blogs etc, it seems like less than 2% of the people are actually making money from day trading unless they are part of big corporations. The number seems to be the same for quant trading. + +So, how many of you actually make money from quant/algo trading? + +Thanks +An interesting article on Bloomberg today for people considering moving abroad because of the lower costs: https://www.bloomberg.com/news/articles/2019-10-03/thailand-s-surging-baht-shatters-expat-dreams-of-easy-retirement + +I think as these countries develop and get more industrialised, a lot of the cost advantages will disappear and that’s not even considering the currency risk. Something to keep in mind for people looking at 40+ years in FIRE +Bought a refurbished laptop on ebay from a major brand a few weeks ago ($1,500). + +Item never arrived, Fedex is saying it was delivered even though I was home all day (work from home) and the signature of whoever signed for it isn't my name. I live in an apartment complex, so I'm guessing they just delivered it to the wrong door. + +So basically here we are - Fedex is saying they delivered it to me, and eBay after initially saying they would refund me, are now siding with the seller. + +I appealed it again (think this is the last appeal option I have), but at this point, it's been about 3 weeks and I'm losing faith. I feel like I'm being robbed and there is nothing I can do about it. + +I'm planning on waiting 24-72 hours for this last appeal, but what should I do if that fails? Police report? Lawyer? Dispute the charge with PayPal? + +If anyone has had a similar experience or any advice, it would be greatly appreciated. I'm about to lose my sh\*\*. +I've been a frequent browser of this sub and constant reader of many FI/RE blogs for the past couple of months. My girlfriend and I who have, essentially, been living together for the past couple of years (apartment-style dorm), we will both be graduating this coming May. +&nbsp; +Luckily, out of all of our friends, I am fairly certain we are the only two with careers lined up following graduation. Although we don't plan on getting married or moving in together for 2-4 years, we have very frequent discussions about the things we will be needing, where we would like to live, and what we can afford now... in 2 years... in 5 years... etc. We often have very detailed conversations about finance, mostly because that is my career and passion, so I finally brought up FIRE to my girlfriend. +&nbsp; +She's a very smart girl, so as soon as I explained it to her, she understood what it entails, but she made it very clear that it isn't the lifestyle she wants. Admittedly, we are both materialistic in a lot of ways. We're very into fashion and often spend on trips to the mall or large online orders. I suppose I am willing to put more of that to the side, which is perfectly acceptable. I am not expecting her to ride her bike everywhere, sorry Mr. Money Mustache. +&nbsp; +Seeing as we won't be moving in together for a couple of years at least, I will have some time to build my savings. How would you guys recommend influencing her to get on the FIRE by, maybe, 45 bandwagon. We are eager to have children when we get married, and I would rather be around more than most for my children. +&nbsp; +I would just like to add that I think a lot of my anxiousness to save and become FI is because my parents made a good living, but seemed to always struggle with debt. Her parents, however, make an extremely comfortable income, and are fantastic with their savings and financial decisions. Unfortunately they are not very open with their kids about their financial stability and savings. +I currently feel like I’m drowning and I need help. I’m writing this mainly to vent. 2020 has been a really horrible year for me and more than anything it feels like God has abandoned me. + +In 2019 I got into a business venture with a friend.she does nothing to help me and I am drowning, I’m physically and mentally drained everyday.everything good and bad that the business undergoes falls on me. With the covid pandemic we have gotten into debt (about $20000) to be exact because the people who were handling my logistics have been stealing stock from me. Besides this we have had bad luck in all aspects; missing stock, transporting trucks burning down, you name it. Was this Hod telling me to stop?? We are currently in the process of closing down because we can’t afford it anymore. The business model was one that was created to help the people of Zimbabwe which is where we are both from so now in the process of trying to help I have lost everything, my hope included. I have also had to drop out of my honors degree program because I have failed to pay that. + +I lost my 9-5 job at the begging of the pandemic and bills are just pulling up. Everything feels so heavy and I am failing to understand what the lesson in this is. My biggest wish is just being able to get out of debt but with no job and no surviving business, I feel stuck. + +If you have any other advice on how I can get out this mess, your advice is welcoMe! +FITeacher's extra time + +I am a full time teacher. Effectively I work nine months a year, which is great theoretically, but that means 25% of the time I am not working and not generating income. I was looking for a side gig that would let me monetize some of this extra time in pursuit of FI. + +First Attempt at a Side Gig + +I wanted something different from teaching that was internet based so I could do it while traveling in the summer, or on breaks during the day. I tried writing as a side gig at first. It was a great change from teaching, but even after more than a year, I had trouble making it pay. + +Playing to my Strengths + +Since my experience is in teaching and I hold a terminal degree, I switched to looking for online teaching jobs to capitalize on my strengths. Online classes typically allow students to turn in work electronically which can then be graded whenever the instructor has time, so these classes are very flexible. This is great for students, but is also great for me as a side gig. + +Seven Years Building the Side Gig + +I wish I could say it was a quick and easy process, but it wasn't. It took time and hard work. The first year (2013) I was able to make about 3000 bucks teaching courses online at a University. Over the past seven years, I have grown this side gig by searching for more jobs at more schools and by developing new courses. + +Year Earnings + +2013 3000 + +2014 9500 + +2015 21272 + +2016 40886 + +2017 61071 + +2018 85613 + +2019 68303 + +&#x200B; + +What happened in 2018? + +2018 was a bit of an outlier income wise because in spring I took over for a teacher who was out on maternity leave and taught her full time on-line load. That was good money, but required three or four hours of work a day for those few months, and I would probably not do that again. + +How My Side Gig Growth Powered my Investments + +It took about five years, but in 2017 I was able to live off my sidegig, allowing me to invest the proceeds of my full time teaching job. I have always contributed some amount towards a 403b and a 457b at work. Since I was now able to live off my side gig, I was able to max out these accounts. + +The workload + +As I became more efficient as an online instructor, I was able to design courses that were more idiot proof, requiring me to answer fewer panicked emails from students, and requiring less manual grading and work on my part. I probably answer fifty emails a week from students from six or eight different email accounts. Currently my side gig takes about three hours a week, almost all of which I do on breaks during my day job. + +Looking for Work + +I am still teaching at the first University where I started, but the needs of schools fluctuate semester to semester and year to year. I work at some schools where I get one course a year, and others were I get four a semester. I worked at two schools for about two years and then did not get courses again at either one, perhaps because they hired a full timer to cover that work, perhaps because of lower enrollment. Since some of my jobs are stable and others fluctuate or may decay, I spend a 40 hour week every spring during spring break looking for more work, sending out emails and resumes and applying for jobs. I apply to about a hundred positions in that time. Some years I gain another school with another course or two. Some years I don't get any new work. + +Taxes + +My taxes are a total clusterfuck. Last year I filed taxes in seven different states. I always owe money at the end of the year because if I teach one course in a state for 2000 bucks, it looks like I am a pour, and they don't take much out in taxes, but when it comes time to do taxes at the end of a year, I am taxed at a much higher rate because of my overall income. I have mitigated this problem by playing with my withholdings whenever possible. + +Spreadsheet Anxiety + +While it may not be a problem for some people, for a spreadsheety FIREy motherfucker like me, it is awful to get paid so often in tiny little amounts. Between 11/29 and 12/6 I will be paid seven times. I realize the desire to check everything is irrational, but I will check each and every one of those payments on the day they come in, which has me screwing around with my budget spreadsheet and thinking about small amounts of money much too often than I am comfortable with. I realize this is a great problem to have, but it bugs me OCDly. + +Churning + +All these teaching jobs are all w-2 gigs with direct deposits, which means I have many direct deposits to deal with. Direct Deposits are required for account opening bonuses at banks. Last year I paid for a trip to Paris with bonuses from banks. + +Fuck you money it ain't, but... + +One unforeseen advantage to having so many different gigs is that I have almost no worry about losing a job. I have so many jobs that I could lose several of them, including my full time job, and while it would suck, I would still not have to touch my nest egg. This isn't quite the same as fuck you money, but this has had a subtle effect on me, making me more confident, more likely to speak up at my full time job. It has made me less likely to pay as much attention to a student's threat to go to the dean and get me fired because they got a bad grade. + +Transition to RE + +When I RE, I plan on keeping this side gig until pension/social security kick in. With luck, I can live on it and not touch my nest egg. I can travel and work abroad as long as I have an internet connection every day or two. After Social Security kicks in, I am likely to let this side gig decay naturally by not looking for new work as schools change or drop off my teaching list. In addition, the online teaching industry is in flux. I wouldn't surprise me if much of it were automated over the next ten to fifteen years, which is another reason that I can't necessarily count on this income long term. + +Conclusion + +I see people on this forum suggest that they will become a teacher as a sort of alternative to Barista FIRE to use to coast into retirement, and I have to laugh. Teaching ain't working in a salt mine, but half of all teachers quit after less than five years, so it isn't for everyone. To be successful at teaching requires a strange mixture of creativity, compassion and tolerance for administrivia. That is the precise mixture that helped me in my side gig where I deal with seven different email accounts, seven different calendars and seven different sets of rules and requirements, not to mention designing online courses in many different on-line learning management systems. + +So, what's your side gig story? +From a phone dialpad: O=6, A=2, P=7. That's 62266272. + +62,266,272 shares registered. Boom. + +Pretty close to the one Yahoo Finance had all screwy couple weeks back, which is currently displaying as 61.83 million. I think the high score is hitting the total "float" number. + +How's that for some tit jacking? But yeah, please register your shares in your name and enter your initials to make this score official! + +This post over the min required characters yet? Geez...... + +EDIT: The ape u/macems came to same conclusion a few hours earlier. Just wanna give some credit where its due, cuz who knows WTF the tweet really means, right? We're either both wrong or both right. Either way, register those fucking shares and see yall past the moon! + + +https://www.reddit.com/r/Superstonk/comments/ptzmq6/gamestop_on_twitter/hdzzdhd/ + +EDIT 2: OKAY So guess I've been wearing my tin foil hat too tight and apparently the letters highlighted vary based on browser version so I'm fully retarded and this is a stupid theory but register shares in your name at CS and let's set a high score that really matters! + +Changed from discussion to shitpost. I had a long day at work looking at phones too much. + +Unless the registered float really is 62M+ alrdy 🤫😉 +Very new to this... I've made $115K so far this year trading, but still learning when it comes to taxes. I always put 35% aside for taxes when I profit on a trade. + +Question is, I have a few stocks that I've traded a lot this year (one of which I'm still trading now) with wash sales. I will not trade those after November 30th, and until Feb 1st next year. So no worries there? + +Also, Is it better to exit all positions by the end of December, or hold something through the end of the year into January, with respect to taxes? + +Is there a tax simulator for 2021 online anywhere? Google was *not* my friend in this case. + +Thank you in advance! +I saw an article once about how buying a property is more stressful than bankruptcy, divorce and even the death of a loved-one. I believe it. + +I've just had an offer rejected. I was willing to offer mid of their range (which was a $50,000 span) but the owner is not willing to accept written offers unless it's above the top of their range. The real estate agent told me they had already rejected an offer that was $35,000 above the bottom of their range (i.e. $15,000 from the top). + +I thought I was going in with a relatively strong offer given that the lockdown will last another two months and I was firmly in the range that the REA is quoting but I guess not. + +So instead I am awake at 3 am and my stress levels are sky high. I have no idea if I am doing the right thing or I should try and worth out how to scrape together the $25,000 difference. + +Edit: Thank-you everybody. After the minor meltdown I have calmed down - things seem worse at 3 in the morning!. I am still going to consider whether I have any leeway, but I don't have any intention of increasing my offer right now. +So backtesting my algo trading model provided the follow numbers since 1st of Jan 2022: + +3800\~ signals + +Hit rate 25% (losing 75% of the deals) + +ROI 117% + +Overall losses 1213% + +Overall wins 1305% + +Sharpe ratio 1.33 + +My peak was 175% ROI while my lowest was -60% from the start. Today I am at 117% up. + +Obviously its a very risky model, but I am not sure what to expect when dealing with such a models, what would be considered as "good" numbers? + +Happy to get your thoughts! + +https://preview.redd.it/9l35trkvfv7a1.png?width=590&format=png&auto=webp&s=788faac4bb4e2acdffd17de9ff0878d38d43dc6c +I'm renting a property in a not-so-great area so the tenant selection isn't ideal. I have one couple applying with two young kids, one has a normal job and a good enough credit score, but the other's is a disaster. The way I see it I'm basically renting to the better one, and then taking a risk that they don't separate. Do you folks have any advice or experience? +I have a rental property that generates positive cash flow. I bought it with a loan that required $0 down, so I don’t have a down payment invested in the property. I lived in the property prior to it being an investment, and I did put some money and a lot of my own labor into improving the property. The Zestimate is presently 185% of what I owe on the property. Even though I have been fortunate to have the same great renters in the place for the past five years, I am ready to take the equity from this property and move on. While considering this, I am kinda at a loss for how to evaluate my decision. All I can think to do is to value the net present value of future payments of the amount that is positive cash flow and compare that with what I would net after paying off the mortgage, fees, and taxes. That seems to leave a lot of factors out of the picture though. I get that the principle of the mortgage will decrease and the value of the property will probably increase over time. However, we are at what could be a peak in real estate values for a while. Also, it’s an older house that will start requiring more maintenance at some point in the near future. There are a lot of factors. Is there a simple approach to this? How should I evaluate the decision to sell this property? +When leasing my rental properties, I normally list them as no smokers, no pets. One of my current tenants does have a small dog. + +Had somebody reach out to me, whose mother lived next door to one of my rentals. She told me that her mother passed and in the same paragraph said that they are putting the house up for sale. I hate to be a vulture, but I feel that she told me this because she knows that I buy houses and rent them out and was trying to get me involved. I have not breached the topic with her yet, but her mother and daughter lived in the house and both smoked. Standing outside the front door, with the door closed, I could smell cigarette smoke. + +Has anybody ever dealt with trying to get that smell out of a house? I would prefer to continue my current policy of no smoking no pets if I do purchase the house, I need to find a way of getting the smell out of there before showing it. I know all soft objects (curtains, carpets, carpet pads, etc) will have to be removed, and I'll probably have to paint everything in the house. Anything else? Anything that can be done with the hvac? + +I'll hit Google up and YouTube while waiting for responses here. Thanks. +I hear about people holding 10%-30% or more of their portfolio in cash. They say they are waiting for the dip to buy a S&P500 index fund at a discount when the market crashes. + +We all know of the saying 'time in the market is better than timing the market'. Even though this is historically correct it is still psychologically hard to stay 100% invested when many think the market is overvalued. But it is also painful to see the market keep going up as you hold a bunch of cash doing nothing but losing value to inflation. + +For this discussion I am talking about an investor who basically is just buying S&P500 index funds. So what is an alternative to holding 20% cash and waiting for the dip? + +#Alternative to Holding 20% Cash + +Hold 100% index funds. 0% cash + +If the market keeps going up, great! You are maximizing your profits. + +If the market crashes then what? Sell 10% of your S&P500 funds and buy leveraged S&P500 index funds at 2x or 3x. Of course the success of this depends on how good you can judge if the market is reasonably near a bottom. But the same can be said about someone with 20% cash and waiting for a dip. + + + +#You need to be correct TWICE if you hold 20% Cash + +To me this is better than holding 20% cash and waiting for a dip. Why? Because if you are holding for a dip you need to be correct TWICE. First you need to be correct when you make the decision that you are going to hold 20% cash. You need to know the market is overheated. This is very hard to do. + +#Many people thought the market was overvalued in 2016. The S&P500 is up 100% since then. + +The second time you need to be right is when you decide to buy the dip. Are you sure this is really the bottom or reasonably near to it? If you are wrong then you could get burned twice. + +So holding 20% Cash you need to be right TWO TIMES: when you decide to hold cash and when you decide to buy the dip. + +In contrast if you hold 100% index funds you only have to be correct once. When the market crashes you have to decide when it is reasonably near the bottom and then you can exchange 10% of your 1x index for 2x or 3x index. + +Personally I don't believe in waiting for a dip or buying 2x index. But if someone is thinking of going 20% cash this might be a good alternative. +https://www.wsj.com/articles/bed-bath-beyond-clinches-loan-deal-11661301078?mod=latest_headlines + +375 mil + RC sale proceeds > 500 mil + +I project SP to go close to 20. + +FINRA short interest report coming tomorrow as well:https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest + +Edit: be conservative guys. Watch the SP and volume before you YOLO. Advise of caution, not financial. + +Edit 2: No evidence of certainty that RC's profits are directly going to help with balance sheet. But given the 6 month involvement in BBBY and the fact that BBBY says they'll come out together with an announcement, he is likely investing all if not most of it back into BBBY in some form. + +Edit 3: u/_IMF_ mentioned this, I'll leave it here. (LOTR ref) +Look to my coming on the first light of the fifth day, at dawn look to the east. The battle of Helm's Deep is over; the battle for Middle-earth is about to begin. +I'm a long-time lurker in a the FI space, and a newcomer to the idea of an Earthship! + +[https://en.wikipedia.org/wiki/Earthship](https://en.wikipedia.org/wiki/Earthship) + +The idea is that clever building design, preferably using recycled materials, can keep utility bills near zero and lower food bills as well. All it takes is land, southern exposure, time, and lax building codes (or a disregard for stricter ones). + +It's a form of homesteading, but in a way that to me seems to encourage working smarter rather than harder. + +Here's a video interview of a Canadian couple who claim to have eliminated all bills, and are now looking at financial independence and early retirement. They credit their custom green home. + +[https://www.youtube.com/watch?v=oTU2KlwOnQw](https://www.youtube.com/watch?v=oTU2KlwOnQw) + +I own a condo that comes with a lot of bills and expenses, and I can see the appeal. I'm trying to now look at how to include an Earthship in my future plans. Has anyone here done this or considered it? +Re: https://www.reddit.com/r/Superstonk/comments/qnrmxx/more_leaked_github_code_confirming_lrcbased_nft/ and in particular, https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23 + +As a programmer, while I agree that many signs point to GME and Loopring working together, **this link in particular is not evidence**. + +It clearly says in a yellow box on the top of the github page: + +> This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. + +I know most apes here aren't very familiar with github, but that yellow box is very important. It means that **anyone can put anything on a page like this and have it _look like_ it's from Loopring**. + +Sure, this could be a commit that they added and then deleted (a web archive of the commits page of the master branch would prove it), but it also could be some random commit made by someone completely unassociated with Loopring or Gamestop. + +I made this to demonstrate what I'm talking about. Have a look at this: http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900 + +Now, I don't think it's _likely_ someone faked this leak, because there's a lot of code in the leak, and only a small part of it seemingly accidentally references Gamestop. But I see lots of apes talking about this internet archive link as if it could have only come from someone in Loopring, because it says Loopring at the top. This is not correct. + +**Edit:** Since more incorrect info [has made it to the front page again](https://www.reddit.com/r/Superstonk/comments/r65mcg/-/hmrtht0), I made this third example. This one is identical, including author windatang, commit date, repo, etc, in all ways to the leak, except with an extra message by me. Compare these two links, the first one being the real leak: + +https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23 + +https://github.com/Loopring/loopring-web-v2/commit/d9b7a03f42bf95dd10ba42639d47f69ca148aa81 +I know there are people here with various industry experience, but I figured that a good number of us are at or reaching for the top level of businesses. Before reaching the C-level, job hopping and recruiting are pretty easy to understand. However, in my *little* experience at the C-level it seems to be almost solely based off of reputation and relationships. You are not going to find your next CTO gig on Indeed. + +&#x200B; + +How have you increased your value & network as a C-level executive? +I'm struggling with figuring out how much I should donate to charity now versus later. I'm still young (31 years) and every dollar donated now could easily grow/compound tenfold or more to when I die. + +Currently I'm donating a really meager amount, just $500 a month, to the GiveDirectly basic income experiment. I gotta say, it feels awesome to continually help approximately 15 people have decent lives instead of living in extreme poverty. I'd like to help way more people, like all of us fatties I've been extremely lucky, and I want to give back. + +Yet I struggle with the issue mentioned above. It almost feels egotistical to help people now, to make myself feel even better about myself, when I could help way more people if I don't help people now. Yet it also feels absurdly wrong to not donate to charity now. + +Help me square my thoughts please, I need some input. +I know most of us budget almost everything so we can keep track of the coming and going of money but my question is at what annual salary figure did you just stop budgeting because you knew you had nothing to be concerned about? +For a while now when making a transfer between accounts on the ANZ mobile app it selects your credit card as the default account for the transfer and tries to trick users into taking a cash advance. + +Yesterday I did it; I wasn't paying attention and accidentally took a cash advance. The worst part is the app didn't warn me that I was taking a cash advance, it was just the standard confirmation that I had seen hundreds of times before and I tapped confirm without properly reading it. + +I don't like being tricked so I called ANZ to cancel the card and they were very polite but keen to keep me as a customer. They offered to waive the cash advance fee if I stayed but I countered by suggesting they should waive the fee and then cancel the card. I won. + +Happy New Year AusFinance + +Edit: It was the Android app +I’d like to hear from seasoned investors with experience in the stock market for several years. What would you tell your former self that you wish you knew when you started? What mistakes would you warn yourself to look out for along the way? How much risk would you be willing to take on? Would you allocate 100% to stock? Would you put it all into an index fund or buy some individual stocks, or both? Would you invest it all at once or contribute the 50K over time? Thanks in advance, I appreciate any and all feedback. + +Edit: just to clarify, this is not a “back to the future” scenario where you just pick the best performer over the past decade. If you were to start over, in todays market, how would you allocate your $? +No we won’t you dumb fucks. This isn’t 2008 where greedy institutions took outsized risk, lost bigly, and then forced us to hold the bags and THEN bail them out. + +Do you boomer smoothbrains even know how short squeezes work you dumbfucks. The greedy short sellers will be holding the giant bags - filled by the dirt from the gigantic hole they dug for THEMSELVES when they decided to short more GME shares than EXISTED (140%!!). They drove the stock price to 3$ and were too greedy to take profits and now here we are. So cry me a fucking river. + +Stop manipulating me you media fucks. SEC intern reading this- pls investigate them for manipulating me. + +Obligatory 🚀🚀🚀💎🤚 + +Edit: to the 🌈🐻bots and angry mob spamming this post, assaulting me, and threatening my autistic family- get fucked. SEC intern pls halp + +Edit2: since most brokers are preventing buying of GME common stock - retail investors are literally prevented from being bag holders at this point +Seriously, don't fall for these pump and dumps. Only GME has the fundamentals to back it up. Do these other companies have: + +Growth? Nope. + +New management? Nope. + +New board of directors? Nope. + +Increasing revenues? Nope. + +In an expanding market? Nope. + +Have new expanding verticals? Nope. + +Digital and e-commerce ecosystem? Nope. + +ACTUALLY PROFITABLE? NOPE. + +F\*king NFT's?! Nope. + +&#x200B; + +Not going to go into numbers, but there is only one play. GME. +I am invested in a Microcap Streaming company with 0 debt and a goal of being sustainably cashflow positive by the end of 2023. They own the largest content library in streaming today, although it is generally low cost content. + The company seems to have been thrown out with the rest of the bathwater, and I'm curious if any of you can offer any insights on whether or not this is a relatively decent opportunity given market conditions. The companies name is Cinedigm (cidm) +I've just read about Gotham Funds, which all seem interesting. If I believe in value investing as a concept but don't want to take the time to do the in-depth analysis to pick my own stocks, what other funds/ETFs should I consider? +These are some notes I took from reading the book: + +Graham factors: + +* Company’s general-long term prospects +* The quality of its management +* The financial strength and capital structure +* Dividend record and current dividend rate + +Potential problems checking: + +* Company is a serial acquirer (losses from acquisitions) +* High “Cash from financing activities” on the statement of cash flow - means dilution and new debt +* Single customer (or handful) + +Positive: + +* Wide moat, i.e. brand, monopoly, unique intangible asset, resistance to substitution +* Net earnings growth in the past 10 years (10% is good) +* Develops new business +* Management (delivers what they say they will) + +&#x200B; + +Stock selection criteria: + +1. Adequate Size of the Enterprise + +2. A Sufficiently Strong Financial Condition + +3. Earnings Stability + +4. Dividend Record + +5. Earnings Growth + +6. Moderate Price/Earnings Ratio + +7. Moderate Ratio of Price to Assets + +\--- + +The book is good but a little bit outdated. + +What do you think would be good selection criteria for stocks to dig deeper into it? + +My opinion is this: + +1) sales of more than 1B +2) financial condition is tricky. Assets of some old companies have depreciated to the point of being negative. [Simplywall.st](https://Simplywall.st) checks have defined here: [https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#health](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown#health) I don't think I have actually a better idea than this. +3) I don't get why EPS stability is so important. If an asset-heavy company has sold or bought an investment, EPS could fluctuate wildly +4) this one is easy, it's like some shareholder yield increase in the past 5 years, i.e. 2% and current shareholder yield at least 2.5% (if you want to catch Microsoft and companies like that) +5) earnings growth ... hmmm... OK, average EPS growth over a period of years sounds like a plan +6) PE < 32 is kind of moderate PE ratio, although some examples could be found that it excludes some companies +7) moderate PB ratio is tricksy. Apple currently has 47.53. I'm not sure if companies should be excluded for having such a high PB ratio. +I am rather new to investing, only started this year. Getting into investing, the most common advice I found was to DCA into a broad Index fund and don’t even try stock picking, as the vast majority of retail investors don’t manage to beat the market. While I do own some ETFs, I enjoy stock picking a lot more and am convinced, that with enough effort, beating the market should be doable. Recently I started looking into BlackRock since it manages the majority of ETFs I own. I haven’t done a DCF yet, but on a very basic level of understanding, it seems a lot more attractive than an ETF. In the following, I will compare BlackRock to the MSCI World Index, as this is the index, that most people from my country invest in. Here are some of the assumptions I made, that make BlackRock look very interesting to me: + +1.) BlackRock's earnings should grow in line with the growth of AUM + +2.) AUT has 2 growth factors: market growth (growth of existing AUM) and net inflows + +3.) As long as net inflow is positive, AUM, and thus BlackRock's earnings should outgrow the market. + +Yet, BlackRock has a P/E of 15 while the MSCI World has a PE of >17, the S&P500 has a PE of 20, Nasdaq100 has a P/E > 25. Am I missing something? Obviously, the stock has additional risks, that a world index ETF does not have (same risks plus additionally company-specific risks), but does that justify that big of a discrepancy? + +Without having looked at data (yet), I would assume a lot of young people that have recently started investing, invest in ETFs. They use monthly/bi-weekly payments to add to that position. They will do this for a very long time since many won’t touch this investment before retirement. I expect passive investing to become even more popular in the coming years/decades. Thus, net inflows should be growing for the foreseeable future. + +Furthermore, the risk of retail investors pulling out their investments to invest with a competitor seems low, since that would include high payments of taxes (at least in my country). + +What are the flaws here? Am I underestimating the company-specific risks? Is it, that I disregarded the fact that two-thirds of AUM are actively managed? (Does that impact the correlation between AUM and earnings?) + +Would appreciate any comments and opinions on this matter before I put more effort into researching this specific company. Thank you! +I look into a company and try to decide what they are worth. I then buy the stock but I can’t stop looking at my brokerage account and end up selling when it’s up a bit. I recently sold Facebook and Lockheed because I was getting impatient. I think the mental health effects of COVID are real and I can’t think about anything but my finances. I want to be comfortable with the stocks I own because I don’t want to worry. Im only 18 but maybe I need help with letting go. +I am rather new to investing, only started this year. Getting into investing, the most common advice I found was to DCA into a broad Index fund and don’t even try stock picking, as the vast majority of retail investors don’t manage to beat the market. While I do own some ETFs, I enjoy stock picking a lot more and am convinced, that with enough effort, beating the market should be doable. Recently I started looking into BlackRock since it manages the majority of ETFs I own. I haven’t done a DCF yet, but on a very basic level of understanding, it seems a lot more attractive than an ETF. In the following, I will compare BlackRock to the MSCI World Index, as this is the index, that most people from my country invest in. Here are some of the assumptions I made, that make BlackRock look very interesting to me: + +1.) BlackRock's earnings should grow in line with the growth of AUM + +2.) AUT has 2 growth factors: market growth (growth of existing AUM) and net inflows + +3.) As long as net inflow is positive, AUM, and thus BlackRock's earnings should outgrow the market. + +Yet, BlackRock has a P/E of 15 while the MSCI World has a PE of >17, the S&P500 has a PE of 20, Nasdaq100 has a P/E > 25. Am I missing something? Obviously, the stock has additional risks, that a world index ETF does not have (same risks plus additionally company-specific risks), but does that justify that big of a discrepancy? + +Without having looked at data (yet), I would assume a lot of young people that have recently started investing, invest in ETFs. They use monthly/bi-weekly payments to add to that position. They will do this for a very long time since many won’t touch this investment before retirement. I expect passive investing to become even more popular in the coming years/decades. Thus, net inflows should be growing for the foreseeable future. + +Furthermore, the risk of retail investors pulling out their investments to invest with a competitor seems low, since that would include high payments of taxes (at least in my country). + +What are the flaws here? Am I underestimating the company-specific risks? Is it, that I disregarded the fact that two-thirds of AUM are actively managed? (Does that impact the correlation between AUM and earnings?) + +Would appreciate any comments and opinions on this matter before I put more effort into researching this specific company. Thank you! +Hello! Been going using finviz as a screener for some time now but i realised their p/fcf always seems to be different from other sites. + +For example, finviz shows apple p/fcf is 24.76 while gurufocus shows 21.17, morningstar showing 19.27 + DENVER & BOSTON--([BUSINESS WIRE](https://www.businesswire.com/))--For retailers, few challenges are as complex and critical as demand forecasting. Today, AI pioneers [DataRobot](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.datarobot.com&esheet=52450516&newsitemid=20210624005216&lan=en-US&anchor=DataRobot&index=1&md5=304ce39a597972e77058a83ee343d3aa) and [Palantir Technologies Inc](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.palantir.com%2F&esheet=52450516&newsitemid=20210624005216&lan=en-US&anchor=Palantir+Technologies+Inc&index=2&md5=ad598581f44d1847c0976fbdacaab7c7) (NYSE: PLTR) announced a new partnership designed to create unique, agile, and real-time solutions to help solve the most pressing demand forecasting problems. + +[https://www.businesswire.com/news/home/20210624005216/en/Palantir-DataRobot-Partner-to-Bring-Speed-and-Agility-to-Demand-Forecasting-Models](https://www.businesswire.com/news/home/20210624005216/en/Palantir-DataRobot-Partner-to-Bring-Speed-and-Agility-to-Demand-Forecasting-Models) +Edit: thank you so much for all your replies and to the people who have messaged me with resources and offers to help! She is eating and drinking well and I plan to hit the ground running with phone calls as soon as places open tomorrow. + + +I know a lot of people say don't have a pet unless you can afford it. Please don't say that now. She is a wonderful cat and we love her so much. Believe me we are beating ourselves up over this. + +We got her as a kitten 4 years ago. Today she started having symptoms and we took her to the emergency vet. We pooled absolutely everything we had to cover that. Care credit declined us. + +She has a uterine infection and needs an emergency spay. They told us it would cost over $1300. + +We didn't have it. + +Our only option was to get her on antibiotics and hope and pray she makes it until the stimulus comes in and we can get her the surgery. + +I hate this. +#NOT Senators. Representatives and Congress-people. I'm just retarded, please leave me alone + +[The following people in this committee have received donations from Ken Griffin from Citadel](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Kenneth+Griffin&contributor_city=Chicago&contributor_employer=Citadel&two_year_transaction_period=2020&two_year_transaction_period=2018&two_year_transaction_period=2016&two_year_transaction_period=2014&two_year_transaction_period=2012&two_year_transaction_period=2010&two_year_transaction_period=2008&two_year_transaction_period=2006&two_year_transaction_period=2004&two_year_transaction_period=2002&two_year_transaction_period=2000&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Bill Huizenga (R) +* Rep. Andy Barr (R) +* Rep. French Hill (R) +* Rep. Ann Wagner (R) + +[The following people in this committee have received donations from Vladimir Tenev from RobinHood (fixed link)*](https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Vladimir+Tenev&two_year_transaction_period=2000&two_year_transaction_period=2002&two_year_transaction_period=2004&two_year_transaction_period=2006&two_year_transaction_period=2008&two_year_transaction_period=2010&two_year_transaction_period=2012&two_year_transaction_period=2014&two_year_transaction_period=2016&two_year_transaction_period=2018&two_year_transaction_period=2020&min_date=01%2F01%2F2019&max_date=12%2F31%2F2020) + +* Rep. Maxine Waters (D) +* Rep. Patrick McHenry (R) + +Also here: https://www.opensecrets.org/news/2021/02/gamestop-stock-house-committee-hearing/ + +Waters and McHenry have shown integrity, the same can't be said about Huizenga, Barr, Hill (who started by congratulating Vlad on being the American Dream). Wagner seemed to be very much on the fence. [Video and Transcript here.](https://www.c-span.org/video/?508545-2/robinhood-ceo-reddit-founder-testify-gamestop-stock-part-2) + +I believe this shows a conflict of interest. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I was reading an article a while ago where there was a British business woman (can’t remember who it was) she said she doesn’t have a pension as she prefers to have the liquid cash in her account and her pension is in her various properties she owns and rents throughout the UK. I think her main business was in restaurants or hotel industry I can’t actually remember! either way she is worth multiple millions. Is this normal? Do ultra wealthy individuals even bother with a pension? +I wanted to take a second to thank this community for giving me a vision of financial independence and helping me find the motivation to start making it happen. I started reading this sub daily at the beginning of this year and began to implement some of your recommendations, most notably by cutting my recreational spending and cutting down on my cost of living. My 2016 resolution was to save & invest half of my income after taxes. Well, I just deposited my last check for the year and I’m pleased to say that I exceeded that expectation. This year I saved and invested 52% of my net income! For me, the hardest part about this journey has been finding the motivation to stay on track. The rules are straightforward, but obeying the rules has been very difficult for me to do without keeping a clear vision. So I'm hoping this post will help people in similar situations see what it looks like and encourage them to keep going. + +Don't give up, friends! + +Here’s the total breakdown of how I have spent every dollar I’ve earned over the last 6 years. You can see the distinct investment increase in 2016, which corresponds to when I started reading this sub. + +http://imgur.com/WEPAfry + +Here’s my actual and projected spending into year 2030. My goal is to reach $1 million by 2030 (age 43). Please feel free to pick this apart and ask questions and give recommendations. I couldn’t be happier with the support I’ve received with this community thusfar. + +http://imgur.com/HRhyANF + +Thanks again everyone and happy investing! + + +BACKGROUND: + +Age: 29 + +Job: Astronautical Engineer for USAF + +Average Net Income: $59,898/Year (edit: this is over the past 6 years. Promo rates and raises are significantly higher for officers later in their career) + +Net Worth: $115,840 (was -$60,000 when I graduated college 6 years ago) + +Credit Score: 816 http://imgur.com/T62aWIk + +ROI to date: -5.98% (not proud of this) + +Edit #1: Graphs were built in MS excel. Happy to share the spreadsheets when I get home tonight. + +Edit #2: Happy budgeting! https://drive.google.com/open?id=0B92GKguKvy0ANy10M3huRW1oWlU +Anyone else just doing boring option trades like me? + +I've been mostly selling 5/6 delta put spreads (at least $10 wide) on SPX every Monday, Wednesday, Friday - 3-5% of my account. + +90% of my account is in VGSH (short term treasury). + +Fidelity is my broker. I utilize this guy's spread strategy (free, no selling) - [https://wealthyoption.com/](https://wealthyoption.com/) + +Edit - here is WO's original post - [https://www.reddit.com/r/options/comments/jm2tgy/my\_spx\_weekly\_premium\_selling\_that\_dominates\_the/](https://www.reddit.com/r/options/comments/jm2tgy/my_spx_weekly_premium_selling_that_dominates_the/) +My gf is on her 4th debit card over the last 6 months from BoA because someone keeps continuously draining her account onto a sketchy "untraceable" website. We honestly do not understand how this can keep happening and it's breaking my heart. We have a theory tho. For background, 8 months ago she was living with her previous bf and luckily got out after experiencing domestic abuse issues (this will become relevant). While living there, she had all of her important personal financial info in the house in some desk. Because of the aforementioned issues, she had to leave quickly (escape) and as a consequence she had to leave many things behind. Unfortunately this is a case where returning there to retrieve all of her info isn't really an option. We just want to know if/how it's possible that someone even with that sensitive information, is still able to use her card despite getting new one after new one with different security codes. Does anyone have any ideas? We are working on next steps. Thank you. + + +Edit: Thanks for the responses. I pushed for the idea of opening a new account and switching banks when she first told me because I too hate BoA. At the time I hadn't known it had happened so many times because she was feeling a lot of shame from her previous relationship and refused to talk about a lot of it which I've learned is common. The point of this post was for your ideas about how it keeps happening so the answers about the routing and account numbers make the most sense. To those accusing me, well, this is reddit and I expected no less lol. We will go thru the credit protection checklist and hope this becomes a non issue after a while. Thanks again +My parents had really well paying jobs when I was growing up, so I never went without. I had nice clothes, vacations, concerts, we went out to eat a lot, I went to private schools, played sports, and we lived in nice homes. + +My parents split up when I was 14 and that’s when I really saw a difference. My dad kept that same standard of living, but without my dad helping my mom she had trouble functioning like an adult. + +We moved into a run down apartment, my mom had to get food stamps, there was times we didn’t have food, or the power and water would get shut off. + +I didn’t get along with my stepmom so I lived full time with my mom. My brother got to escape from it for a week, I didn’t get to. If anything we had less food when my brother wasn’t there. Sometimes my only meal a day would be school lunches. + +I found out as an adult when my dad and I reconnected that he was giving my mom hundreds weekly for groceries, and bills she couldn’t pay. + +I obviously didn’t see that money, she had addiction issues so I assume that’s were that went. + +Once I turned 16 I got a job so I was able to buy myself clothes and food. + +I went into being and adult not knowing how to do anything and it’s been a struggle. I’ve reached out to other adults or friends for advice, and this sub has helped over the years but a lot of things I learned the hard way. + +My dad doesn’t believe in helping once you’re an adult, which is totally fair but it sucks having a flat tire that you can’t afford to fix so you call your dad sobbing because you don’t know what to do and all he says is “well that sucks”. + +I just got a raise at work which is nice, but I only make 14.28$ an hour now. I’m currently in community college trying to get a degree that will help me get a better paying job, and I make just enough to pay all my bills but have nothing left over. + +With having nothing left over getting a flat, unexpected medical bills, and just unexpected expenses have been destroying me. I’m currently 300$ in debt (actively paying it off) but the interest is eating at me. + +300 isn’t even a lot but that’s just extra income I’m losing. + +I just honestly needed to rant because it’s scary, hard, and embarrassing. + +Growing up in the lifestyle I did I just feel like I learned no real life lessons or skills. All my friends have their parents help and allowances. They don’t get it. + +I didn’t know how to cook cheap meals or buy cheap meals to eat, I’ve had to learn budgeting skills, I’ve had to go without, and this sounds petty but going from nice houses to sharing a bedroom with a roommate because it makes rent cheaper is hard too. + +I’m hoping as time goes on I’ll get better at this, and I’ll graduate from school and find a good paying job. + +I don’t expect to live like I did growing up, I just want stability. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +I'm an undergrad finance student who is enrolled in an advanced financial modeling class. I have rather decent excel skills, but no prior programming experience. The class is moving along quickly, and am wondering if anyone has any recommendations I could use before i fall behind the class. Thanks! + +Thank you all for the replies! Now it's time to get that fancy Wall Street internship! +After hearing about struggles to make payments on 35k in flight school debt at 7.5% through Sallie Mae. A family friend has offered to pay that loan off and take repayments at zero interest. My question is how would I go about receiving that money. Would I have them log into my loan account and pay the amount in full or would I receive payment from them? Or any other options? +What would be the best coin to invest in when holding 1-2 years minimum? Perhaps some suggestions so, that I can read up on them. Many will mention ETH and BTC but, I am more interested in cheaper prices with potential. + +Though not a coin I have really been looking into stratis. +Guys, we got lucky. We have a way to stop the attacker. It's not ideal, but it's better than the alternative. + +The alternative is to let a Mt.Gox-scale disaster forever define Ethereum's early history. Make no mistake, the Mt.Gox disaster _still_ affects the way many people view Bitcoin. It's part of the narrative. + +If we fork, we still learn all the lessons. But we get rid of the narrative that Ethereum's early history was defined by a massive theft. Nobody wants to be associated with that stuff. + +Yes, there are downsides to forking. But when people look back 3-5 years from now, what will they remember? They'll barely remember the fork. A massive theft, on the other hand, will never really fade from memory. + +As someone else suggested, our software is in beta, but so is the community. We put too much trust in the DAO code, and the lessons learned will be evident in the next round of innovation. Next time around, the bar will be higher. + +I say, let's fork it and move forward! +I read that many of the best performing portfolios are people who forgot they had accounts or had died. For years I buy a bit every paycheque, kinda DCA. I never sell anything no matter how high or low it goes. Over time, Does this method make sense with, what I thought I read? +Quoting original article [at CNBC](https://www.cnbc.com/2022/01/06/the-fed-is-scaring-markets-with-the-triple-threat-of-policy-tightening.html): + +>Investors have been preparing for the Federal Reserve to start hiking interest rates. They also know the central bank is cutting the amount of bonds it buys each month. On top of that, they figured, eventually, the tapering would lead to a reduction in the nearly $9 trillion in assets the Fed is holding. +> +>What they didn't expect were all three things happening at the same time. +> +>But [minutes from the Fed's December meeting](https://www.cnbc.com/2022/01/05/fed-minutes-december-2021.html), released Wednesday, indicated that may well be the case. +> +>The [meeting summary](https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20211215.pdf) showed members ready to not only start raising interest rates and tapering bond buying, but also being prepared to engage in a high-level conversations about reducing holdings of Treasurys and mortgage-backed securities. +> +>While the moves are designed to fight inflation and as the jobs market heals, the jolt of a Fed triple threat of tightening [sent the market into a tailspin](https://www.cnbc.com/2022/01/04/stock-market-futures-open-to-close-news.html) Wednesday. The result saw stocks give back their Santa Claus rally gains and then some as the prospect of a hawkish central bank cast a haze of uncertainty over the investing landscape. +> +>Markets [were mixed Thursday](https://www.cnbc.com/2022/01/05/stock-market-futures-open-to-close-news.html) as investors tried to figure out the central bank's intentions. +> +>"The reason the market had a knee-jerk reaction yesterday was it sounds like the Fed is going to come fast and furious and take liquidity out of the market," said Lindsey Bell, chief market strategist at Ally Financial. "If they do it in a steady and gradual manner, the market can perform well in that environment. If they come fast and furious, then it's going to be a different story." +> +>Fed officials said during the meeting that they remain data-dependent and will be sure to communicate their intentions clearly to the public. +> +>Still, the prospect of a much more aggressive Fed was cause for worry after nearly two years of the most accommodative monetary policy in U.S. history. +> +>Bell said investors are likely worrying too much about policy from officials who have been clear that they don't want to do anything to slow the recovery or to tank financial markets. +> +>"The Fed sounds like they're going to be a lot quicker in action," she said. "But the reality is we don't honestly know how they're going to move and when they're going to move. That's going to be determined over the next several months." +> +>Clues coming soon +> +>Indeed, the market won't have to wait long to hear where the Fed is headed. +> +>Multiple Fed speakers already have weighed in over the past couple days, with Governor Christopher Waller and Minneapolis Fed President Neel Kashkari taking a more aggressive tone. Meanwhile, San Francisco Fed President Mary Daly said Thursday she thinks the start of balance sheet reduction isn't necessarily imminent. +> +>Chairman [Jerome Powell](https://www.cnbc.com/jay-powell/) will speak next week during his confirmation hearing, and a second time this month following the Fed meeting on Jan. 25-26, when he may strike a more dovish tone, said Michael Yoshikami, founder and chairman of Destination Wealth Management. +> +>Stock picks and investing trends from CNBC Pro: +> +>One big factor Yoshikami sees is that while the Fed is [determined to fight inflation](https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html), it also will have to deal with the negative impact of the omicron variant. +> +>"I expect the Fed to come out and say everything is based on the pandemic blowing over. But if omicron really does continue to be a problem for the next 30 or 45 days, it is going to impact the economy and might cause us to delay raising rates," he said. "I expect that commentary to come out in the next 30 days." +> +>Beyond that, there are some certainties about policy: The market knows, for instance, that the Fed starting in January [will be buying just $60 billion of bonds](https://www.cnbc.com/2021/12/15/fed-will-aggressively-dial-back-its-monthly-bond-buying-sees-three-rate-hikes-next-year.html) each month — half the level it had been purchasing just a few months ago. +> +>Fed officials in December also had penciled in three quarter-percentage-point rate hikes this year after previously indicating just one, and markets are pricing in close to a 50-50 chance of a fourth hike. Also, Powell had indicated that there was discussion about balance sheet reduction at the meeting, though he seemed to play down how deeply his colleagues delved into the topic. +> +>So what the market doesn't know right now is how aggressive the Fed will be reducing its balance sheet. It's an important issue for investors as central bank liquidity has helped underpin markets during the Covid tumult. +> +>During the [last balance sheet unwind](https://www.cnbc.com/2017/09/20/fed-approves-october-reversal-of-historic-stimulus-leaves-rates-unchanged.html), from 2017 until 2019, the Fed allowed a capped level of proceeds from its bond portfolio to run off. The cap started at $10 billion each month, then increased by $10 billion quarterly until they reached $50 billion. By the time the Fed had to retreat, it had run off just $600 billion from what had been a $4.5 trillion balance sheet. +> +>With the balance sheet now approaching $9 trillion — $8.3 trillion of which is comprised of the Treasurys and mortgage-backed securities the Fed has been buying — the initial view from Wall Street is that the Fed could be more aggressive this time. +> +>'Uncharted waters' +> +>Estimates bandied about following Wednesday's news ranged from maximum caps of $100 billion from JPMorgan Chase to $60 billion at Nomura. Fed officials have not specified any numbers yet, with Kashkari earlier this week only saying that he sees the end of the runoff still leaving the Fed with a large balance sheet, probably bigger than before Covid. +> +>One other possibility is that the Fed could sell assets outright, said Michael Pearce, senior U.S. economist at Capital Economics. +> +>There would be multiple reasons for the central bank to do so, particularly with long-dated interest rates so low, the Fed's bond profile being relatively long in duration and the sheer size of the balance sheet — almost twice what it was last time around. +> +>"While longer term yields have rebounded in recent days, if they were to remain stubbornly low and the Fed is faced with a rapidly flattening yield curve, we think there would be a good case that the Fed should supplement its balance sheet runoff with outright sales of longer-dated Treasury securities and MBS," Pearce said in a note to clients. +> +>That leaves investors with a multitude of possibilities that could make navigating the 2022 landscape difficult. +> +>In that last tightening cycle, the Fed waited from the first hike before it started cutting the balance sheet. This time, policymakers seem determined to get things moving more quickly. +> +>"Markets are concerned that we've never seen the Federal Reserve both lift interest rates off zero and reduce the size of its balance sheet at the same time. There was a two-year gap between those two events in the last cycle, so it is a valid concern. Our advice is to invest/trade very carefully the next few days," DataTrek co-founder Nick Colas said in his daily note Wednesday evening. "We're not predicting a meltdown, but we get why the market swooned \[Wednesday\]: these are truly uncharted waters." +I've had this bookmarked for a long time as my go to reference for the next time the market drops dramatically, for inspiration to not make short term selling decisions and stick to long term goals no matter how bad it gets, or what the market might throw at us. + +Now's that time, maybe you'll find it useful too? + +https://www.bogleheads.org/forum/viewtopic.php?t=25126 + +For context this was posted at the tail end of 2008 when it must have seemed like there was truly no end in sight. It's interesting to see even the most rational and sensible investors starting to question themselves, the sense of fear is palpable. + +We get a lot of revisionist 2008 experts but what I like about this discussion in particular is how it's unadulterated by the benefit of hindsight. +🏆 Achievements + +🔥 8,048 addresses in less than 36 Hours + +💸 More than 1M liquidity! + +🔥 Hit all time high of 11.4M market cap + +🔥 Burned 8T tokens due to milestones + +🔥 Binance Smart chain tweeted at us + +🔥 CMC in progress + +🔥 CG in progress + +🔥 Whitebits in progress + +🔥 Multiple Shout outs and mentions from large Social Media Influencers and Youtubers + +🔥 Trending on r/CryptoMoonshots/ + +🔥 Mascot naming competition completed (420M tokens giveaway) + +🔥 TechRate Security Audit + +🔥 White Paper + +🔥 Daily AMAs + +🔥 Daily Raids activity at 4.20pm UTC 🔫 + +\-------------------------------------------------------------------- + +&#x200B; + +Binance tweeted at them. WOW! + +&#x200B; + +[https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21) + +&#x200B; + +🗓 Upcoming: + +✅ Poocoin banners (coming super soon)🖼 + +✅ Already paid for more marketing campaigns (Big Youtubers and tiktokers) + +✅ Spoken to Cointiger/Swft for expedited listing 😍 + +✅ Multiple incoming Shout outs and mentions from large Social Media Influencers and YouTubers + +\-------------------------------------------------------------------- + +💫 MAIN Feature: + +🚀 Tokenomics + +💥 Total Supply: 1,000,000,000,000,000 + +🔥 Burned before Pre-sales: 250,000,000,000,000 + +🔥 Burn Road Map: 170,000,000,000,000 + +👑 Dev Wallet: 75,000,000,000,000 + +🍀 Presale: 505,000,000,000,000 + +\-------------------------------------------------------------------- + +This is a deflationary coin (unlike us high af) with a limited supply. No more coin can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +💎 4% fee redistributed to all existing holders. + +💎 4% fee is added back into liquidity. + +\-------------------------------------------------------------------- + +🚀 Token: + +❇️ Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) + +🍰 Buy here on pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +📈 Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +[https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc](https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc) + +🔐 Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +🔐 Renounce TX: [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +\-------------------------------------------------------------------- + +⚡️ Official links: + +💬 Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +🌐 Website: [https://420xcoin.com/](https://420xcoin.com/) + +[https://420xcoin.com/ebook.pdf](https://420xcoin.com/ebook.pdf) + +[https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) + +[https://420xcoin.com/whitepaper.pdf](https://420xcoin.com/whitepaper.pdf) + +🐦 Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +🔥 Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +🎤 Discord: [https://discord.gg/CCV5VXXRqa](https://discord.gg/CCV5VXXRqa) + +👁 TikTok: [https://www.tiktok.com/@420coin](https://www.tiktok.com/@420coin) + +&#x200B; + +Twitter ([https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21)) + +**Binance Chain Community** + +[https://twitter.com/Cryptodemocrat1](https://twitter.com/Cryptodemocrat1) @420xCoin Special date today, huh. +🏆 Achievements + +🔥 8,048 addresses in less than 36 Hours + +💸 More than 1M liquidity! + +🔥 Hit all time high of 11.4M market cap + +🔥 Burned 8T tokens due to milestones + +🔥 Binance Smart chain tweeted at us + +🔥 CMC in progress + +🔥 CG in progress + +🔥 Whitebits in progress + +🔥 Multiple Shout outs and mentions from large Social Media Influencers and Youtubers + +🔥 Trending on r/CryptoMoonshots/ + +🔥 Mascot naming competition completed (420M tokens giveaway) + +🔥 TechRate Security Audit + +🔥 White Paper + +🔥 Daily AMAs + +🔥 Daily Raids activity at 4.20pm UTC 🔫 + +\-------------------------------------------------------------------- + +&#x200B; + +Binance tweeted at them. WOW! + +&#x200B; + +[https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21) + +&#x200B; + +🗓 Upcoming: + +✅ Poocoin banners (coming super soon)🖼 + +✅ Already paid for more marketing campaigns (Big Youtubers and tiktokers) + +✅ Spoken to Cointiger/Swft for expedited listing 😍 + +✅ Multiple incoming Shout outs and mentions from large Social Media Influencers and YouTubers + +\-------------------------------------------------------------------- + +💫 MAIN Feature: + +🚀 Tokenomics + +💥 Total Supply: 1,000,000,000,000,000 + +🔥 Burned before Pre-sales: 250,000,000,000,000 + +🔥 Burn Road Map: 170,000,000,000,000 + +👑 Dev Wallet: 75,000,000,000,000 + +🍀 Presale: 505,000,000,000,000 + +\-------------------------------------------------------------------- + +This is a deflationary coin (unlike us high af) with a limited supply. No more coin can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +💎 4% fee redistributed to all existing holders. + +💎 4% fee is added back into liquidity. + +\-------------------------------------------------------------------- + +🚀 Token: + +❇️ Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) + +🍰 Buy here on pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +📈 Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +[https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc](https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc) + +🔐 Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +🔐 Renounce TX: [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +\-------------------------------------------------------------------- + +⚡️ Official links: + +💬 Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +🌐 Website: [https://420xcoin.com/](https://420xcoin.com/) + +[https://420xcoin.com/ebook.pdf](https://420xcoin.com/ebook.pdf) + +[https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) + +[https://420xcoin.com/whitepaper.pdf](https://420xcoin.com/whitepaper.pdf) + +🐦 Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +🔥 Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +🎤 Discord: [https://discord.gg/CCV5VXXRqa](https://discord.gg/CCV5VXXRqa) + +👁 TikTok: [https://www.tiktok.com/@420coin](https://www.tiktok.com/@420coin) + +&#x200B; + +Twitter ([https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21)) + +**Binance Chain Community** + +[https://twitter.com/Cryptodemocrat1](https://twitter.com/Cryptodemocrat1) @420xCoin Special date today, huh. +I live fairly cheaply (and have for the last few years). I have about something like 200 grand in liquid equity and I want to buy a home. But the housing market right now is insane. It's a seller's market. Like times 100. And I don't see any reason to pay a 20&#37; premium on a home that's $800K when I know it's only worth about 6. + +Do you folks feel the same way? Is it really a seller's market or are these prices the new normal? I really hate renting. It's like throwing money into the furnace. But I'm not paying an arm & a leg in rent. I can afford to wait it out a while and stockpile more cash. What would you guys do? +My friend and I have a rule for buying new games that come out these days. We say that we have to play the game for 1 hour for every dollar the game costs in order to get our worth out of it. So a 60 dollar game needs 60 hours of gameplay to be worth the purchase. A 30 dollar game needs 30 hours, etc. + + +I bought a share months ago at around 200. I think it's like 220 or something, I honestly couldn't tell you. But through all the memes I've read, wrinkles I've added to my brain reading DD, etc., I've gotten my 200 dollars worth of enjoyment out of this saga. The price could literally drop to 0 and I'll still say "damn that was money well spent" and then hop on dota 2 and add my 16,000th hour without a care in the world. + + +I'm never selling. Maybe not ever, even after the MOASS. It literally wouldn't affect my day-tp-day budget whatsoever, the money has already been written off as "well spent, worth doing again". + +Goodbye. +I’ll be moving to Canberra from WA, and would like some advice on decent, affordable suburbs, recommended residential type and/or ownership and how to save the most money possible. + +For context, I’m 23/M and will commence full time work in there. Won’t be making more than $76k for at least the first year. Moving with my girlfriend, who will be unemployed to start but will seek work immediately , she is qualified to do corrections and other social work. + +We have no debt. Would renting an apartment be wise until she gets a job? We’d rather not share a home with others, and then would purchasing a home be the next logical step to avoid the crazy rental costs in the ACT. + +Goals will include investing for retirement as aggressively as possible. Growing our wealth is my only concern in the short term whilst living there. +Mid 30s, $3M liquid net worth, all invested in broad index funds, and $4M of pre IPO illiquid equity at a unicorn. I work in fintech and my W2 comp (liquid) is $1.2M a year, very stressful job. + +My question: as the private equity becomes liquid over the next few months/years, does it make sense to diversify into real estate, or should I just continue dumping all I have in VTI/VXUS? + +The idea of having $7-8M in index funds and nothing else to my name sounds a bit scary. My dad tells me I am nuts, for him the stock market is all “funny money”, and he says I should buy rental properties. + +I never owned anything and always rent condos close to work for me and my girlfriend, and move often as I chase new opportunities. Never worked with a contractor before, landlords always took care of everything. A plumber could tell me a job is $10k and I would believe them. + +What is the opinion of this sub? + +Thanks +Long time lurker, first time poster. Just wanted to get the collective opinion on how I can improve my positioning and what I should be thinking about going forward. Any help is appreciated in advance. + +I’m in my early 30’s. I work in public markets investing and make between $500-750k per year based on performance. I like what I do, and there is definitely further upside ($1m+ in next couple years expected) so I’m not thinking of retiring any time soon (as tempting as it is some days). + +I live in a HCOL/high-tax city (you can probably guess which one) and own my condo. It’s worth about $1.3M. I have a 2.75% 30y mortgage on it with 650k outstanding. I’m single right now, but can see myself getting married in the next couple of years. Most people I date tend to be other professionals in the finance field though so they tend to have good salaries as well. + +At this point, most of my wealth accumulation comes from investments outside of work. Here’s a rundown: +- Taxable stock portfolio: $5.2M (about $3.4M of this is split between two FAANGS with a combined cost basis of $550k), the rest is pretty vanilla ETFs and some financials. IRA: $150k (more vanilla etfs) +- Cash $500k (This is all post-tax, I’ve been building my cash position in the past 2 months because the risk/reward of what I was invested in didn’t look too great anymore. Waiting for a better entry point but also cognizant of increasing inflation) +- 1031 Land Investment: $2.1M (this returns ~9% in cash per year, cost basis on the original property was almost zero, so this isn’t going anywhere). +- Other private investments: $400k (returns ~8% per year, probably about 4-5 years left on them. Illiquid.) +- Other: I own 1/3 of a family house with no debt outstanding. Currently worth ~$2.5m. Not rented. No plans to rent. Neighborhood has exploded though. If we put 400k into renovation, probably would go to $3.5m. Very low taxes and minimal carrying cost) +- Other: didn’t include any planned inheritance here, but at some point that is expected to be ~$5-7m of highly appreciated stock. + +Obviously with such massive proposed changes to the federal tax code, I’ve been following that closely and tend to do most things in a very tax efficient manner. + +Outside of that, I guess all I’m asking is what would you do from here if you were me? I already have more money than I ever thought I would a decade ago. Just want to make sure I make the most of it I guess. + +I’m not sure how the verification things work, but willing to do that if it’s important to you all. + +Thank you! +Ryan Cohen just tweeted and I am not gonna link it because I am sure y’all saw it. Remember last Ftd cycle? Ryan tweeted the guy floating with a boner and on the night of the ftd cycle?! Yeah?! Gme went from 180 to 344! Remember the ice cream cone tweet In feb? Gme went from 40 to 200! Remember the peanut tweet? That was just before gme went from 20 to 500 plus! Check the dates and tell me he doesn’t know the cycle! Buckle up apes!🚀🚀🚀🚀🚀🚀🚀 + +Edit one: someone did a detailed DD on this and if someone can find for me that would be great. Today confirms the theory and Ryan knows! + +Edit two: found it! Link below! + +https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Superstonk/comments/nyyv5b/ryan_cohen_youre_a_genius_i_think_the_frog_emoji/?utm_medium=android_app&utm_source=share + +Edit three: 002 implemented Tom! Tits jacked! + +Edit four: link to the tweet since many are asking for it +https://twitter.com/ryancohen/status/1407896835096678402?s=19 +Can't believe y'all don't follow our sexy chairman +My friend is looking at purchasing his first flat in Yorkshire. A lot of the flats he's looking at seem to have decreased in value over the last 15 years.. is this normal? + +I will give an example. + +There is a 2 bed flat he is looking at which sold for £150k in 2008 (land registry). However, it is currently up on the market for £130k 14 years later.. this seems to be a pattern with the other flats within the apartment building, all sold for £130-150k, and over the past 10 years, have all sold for significantly less. This also seems to be the case with other flats he's looking at. + +I was hoping someone could share some insight as to why this could be, and if it is unusual/ red flag? + +Thank you in advance + +edit: The leasehold has 101 years left. Not sure of any cladding issues, it is brickwork facade and only 3 levels high which I would assume indicates 'cladding' isn't an issue? +Hey all, I'm going to a wedding tomorrow of a good friend and thought how cool it is to be able to gift a bit bigger these days and it made me think. What are typical wedding gifts you give? + +I'd say we put this in two categories. Good friends (your crew), and not so good friends. + +Edit- if cash, how much. +I just graduated college last Spring. I have $48k in debt (36k student loans, deferred with no accrued interest; 4k credit card debt that will be paid off by late Feb.; 8k car loan. + +I have two jobs +Job one: Healthcare administration. Full time. I love this job. I enjoy the hours and culture. This job pays for all my living expenses. Almost no money left over for 'fun stuff' or paying down debt because I am currently sending money to ill father. +Job two: Engineering work for a large corporation. Been at this place two months. Pay is more than double what the hospital pays. 12 hour shifts. Tiresome work. I do not want to be an engineer - it was more or less a high paying opportunity that arose for me. With this job I have no financial worries. I can pay for anything I need and can put away hundreds each week into savings (or toward debt). + +My situation: I am exhausted. With the second job, I get two hours of sleep Thursday and Friday. While no one at job one has mentioned it, I know my performance has declined. I love the immense financial security, but job two has also killed my social life (except for happy hour Tuesdays!) and I haven't had time to work out in two months, + +I only need ~$600/month on top of job one to maintain financial security and was thinking of quitting job two to do Lyft a couple times a week to make up the difference. Is this a good idea? I will probably be at job two for another month if I quit - should I throw the money I'm gonna be making toward debt or put in savings? + + +I just graduated college last Spring. I have $48k in debt (36k student loans, deferred with no accrued interest; 4k credit card debt that will be paid off by late Feb.; 8k car loan. + +I have two jobs +Job one: Healthcare administration. Full time. I love this job. I enjoy the hours and culture. This job pays for all my living expenses. Almost no money left over for 'fun stuff' or paying down debt because I am currently sending money to ill father. +Job two: Engineering work for a large corporation. Been at this place two months. Pay is more than double what the hospital pays. 12 hour shifts. Tiresome work. I do not want to be an engineer - it was more or less a high paying opportunity that arose for me. With this job I have no financial worries. I can pay for anything I need and can put away hundreds each week into savings (or toward debt). + +My situation: I am exhausted. With the second job, I get two hours of sleep Thursday and Friday. While no one at job one has mentioned it, I know my performance has declined. I love the immense financial security, but job two has also killed my social life (except for happy hour Tuesdays!) and I haven't had time to work out in two months, + +I only need ~$600/month on top of job one to maintain financial security and was thinking of quitting job two to do Lyft a couple times a week to make up the difference. Is this a good idea? I will probably be at job two for another month if I quit - should I throw the money I'm gonna be making toward debt or put in savings? + + +I cant tell if I'm overthinking it but if I'm over the income limits to contribute directly to a Roth this year after having had one for several years, is the process really as simple as to open a traditional IRA account- put the $6k in there first and then immediately move it to a Roth and I'm good to go? + +Is it really that simple? It feels like an extra step and I'm not sure of the purpose but I feel like it can't be that easy? +I'm wondering if there's an app to help me assort my money to certain things I want to save for. Just searching for the easiest way to go about it because I'm struggling with saving. +Hey everybody! + +Just need some guidance. + +My son had a circumcision around six months ago. We were told a number of how much it would cost by the hospital’s billing department and we have paid that amount. Since then we also received a separate bill from the anesthesiologist four months after the operation for payment; again we paid this bill. This morning I see yet another bill from the hospital claiming to be a charge for the surgical procedure… + +I’m confused. Why are there so many hands in the pot and are we obligated to pay this? In any other industry there seems to be time limits on when you can be notified of a charge but the medical industry completely different? (Im just ranting here but) I’m sure no one goes to the mechanic and receives a separate bill months later claiming “we also did this to your vehicle” and now you owe us. + +Im frustrated because I don’t want another surprise next year with the same nonsense. + +Has anyone experienced this? + + +Edit: thanks everybody for sharing your stories. It sucks that this is so common… maybe one day we’ll have a better health care system. +What could I do to help me in the future financially things such as Investing, Credit/Debit cards, saving up money, insurance, debt, budgets, and paying for college. +Just in general things like what I’ve just listed that can help me in the future. +Hey everybody! + +Just need some guidance. + +My son had a circumcision around six months ago. We were told a number of how much it would cost by the hospital’s billing department and we have paid that amount. Since then we also received a separate bill from the anesthesiologist four months after the operation for payment; again we paid this bill. This morning I see yet another bill from the hospital claiming to be a charge for the surgical procedure… + +I’m confused. Why are there so many hands in the pot and are we obligated to pay this? In any other industry there seems to be time limits on when you can be notified of a charge but the medical industry completely different? (Im just ranting here but) I’m sure no one goes to the mechanic and receives a separate bill months later claiming “we also did this to your vehicle” and now you owe us. + +Im frustrated because I don’t want another surprise next year with the same nonsense. + +Has anyone experienced this? + + +Edit: thanks everybody for sharing your stories. It sucks that this is so common… maybe one day we’ll have a better health care system. +1) 90 days notice, 30 days severance (job ends June 30th) ($93K salary) + +2) paid off all credit cards as of yesterday (debt free, first time in decades) + +3) wife and I each have $1400 in savings ($2800) + +I don't intend to stay unemployed, but rather to find another job as quickly as possible and even draw pay from two jobs simultaneously if I can manage it! +My wife works and makes in the low 20s. + +We're looking through the stuff we got from the financial advisor and it looks like she has $153K in a conservative retirement account (guaranteed 3%). And looks like $23K in an IRA of some sort. + +I have: + +Vanguard Target Retirement2025 $53K (4.5% return) + +T. Rowe Price Retirement 2025 $10K (5.6% return) + +TIAA $27K (1.1% return) + +My current short term goal is to amass the recommended 3 months salary in savings, calling it $20K. + +A financial adviser recommended I take my 2025 targeted accounts and move them to more radical accounts to compliment our more conservative investments. The TIAA one makes me cry, but it's like pulling teeth to transfer the money out of it. Should I pull teeth? + +How does this sound? Any suggestions for better ideas? + +Edit: updated this based on questions I got in the responses. +Here's the rundown. + +My current job is with a very solid company. I am fully remote. They offer a retirement benefit of 10% (no match required, fully vested instantly), we work 7.5 hour workdays, admin staff is talking about adding amazing flexibilities like random 'wellness' days, I love my team, and I am very independent which I like, very flexible work schedules, 30 total days of leave (sick, vacation, and bereavement). My salary is currently around $68,000, but we do market research every year to make sure we are keeping up with inflation. Last year it was an 18% increase. That was for being within the top 60% of our industry. This year we are doing top 70% of the industry, but I do not expect it to be as high as 18%. I expect the 5-10% range starting Jan. 1st. I also recently got promoted, so I wouldn't be eligible for another raise for at least another two years. + +The new job just offered me $80,000. They have a Cash Balance Retirement account where the company contributes 4 percent of your annual pay and bonus but this doesn't vest until 3 years of service. For the 401k, they match “dollar for dollar” up to the first 3 percent you contribute. They then match 50 cents on the dollar for the next 2 percent. You are immediately vested and are free to take the company match with you if you decide to leave the company (no waiting period). Four and a half weeks of leave plus 5 days of bereavement. It would be a hybrid model (I could probably negotiate a remote role) coming into the office once in awhile on Mondays. I live 5 mins from the office. They give a $50 stipend every month for Internet, gym membership, or anything that I could use. There's probably more benefits but those are the most important ones to me. + +They seem THRILLED to have me. What should my negotiation tactic be? They realize I am content in my current role. I have another offer on the line and they know it. I am not accepting that offer, but it's good they feel a little threatened. Should I shoot for the stars and have them meet in the middle? What's the plan here? +not sure if this goes here but lmk if it doesn’t; so one of my coworkers at work said you can take the gas you put in for work off your taxes. wondering if that’s true. if so where in turbotax can i apply ? i use the everlance app every time i drive for work to keep track. due to me being mobile and going to ppl’s houses +I'm not 100% sure this is exactly a PF matter, but I was able to avoid a scam because someone posted on PF about them getting scammed in a very similar manner, so I feel like I have to pass this forward. + +I received a voicemail from someone claiming to be from my credit card company, they knew my phone number (obviously), card type, my name, and the last 4 of the card number. They claimed to be from fraud protection services and said they needed additional information. The caller was a native English speaker, and with the information he listed on my voicemail I was pretty convinced on first blush. + +But I remembered that someone here had received a similar phone call and ended up scammed out of their information and had to go through a huge process to get their scammed money back. So I did a quick Google search for the number I was told to call, and it was a known scammer number. + +Be very careful about who you talk to over the phone and what information you provide them. Learn your bank's and CC company's rules for what they will ask you over the phone. Always do your due diligence for any calls you receive from your bank. Always assume fraud first. + +This was a very convincing call. Be careful out there. +So Currently my portfolio consists primarily of index ETF’s, namely VFV (40%), XIU (20%), and XEF (17%). The rest is within blue chip US stocks (AAPL, CRM, AON, RS, PG, ADBE, and WMT) and the Canadian semiconductor ETF ticker CHPS. + +I use Wealthsimple, and therefore stocks that I own on which trade on the NYSE are subject to a 1.5% foreign currency exchange fee for every buy and sell. In the long term, I am aware that this could massively effect my investment return. Therefore, I am trying to focus more on TSX traded blue chip companies / ETFs to add to my portfolio. Some companies that I have recently been looking into are CP Rail and Intact Financial Corporation. I am also considering investing in a big 6 bank ETF, potentially HCAL with its 1.25 leverage. I will also be converting my AAPL and WMT shares to the CDR hedged versions. + +I would like to be relatively overweight in the financial services industry, as I see it performing well regardless of poor macro conditions. This is why I have been looking at HCAL and IFC. I already have AON in my portfolio but it trades in USD. I would also like to maintain some balance with my exposure to commodities and industrials (RS) while potentially adding some North American tech exposure. Not so sure about O&G industry given its recent run and tough outlook considering my time horizon is over 20 years. + +The question I have is what Canadian blue chips can I add to my portfolio to achieve these goals? Are there any companies you suggest I replace my USD traded stocks with? Any strategies regarding gaining American exposure without the currency fees? + +Thanks +Due to increased focus on the situation with rising utility prices, we're trying to build out a megathread to capture discussion around this topic. + +This will be evolving with the subreddit, and we will try and make this as relevant as possible, with the help of everyone who wants to participate. + +#### **All other posts around this topic will be removed from the subreddit.** +____ + +To keep the discussion subreddit relevant, I've set some (rough) guidelines to help keep everyone on-topic. + + +1. What to do if your supplier has gone bust + - https://www.bbc.co.uk/news/business-58662667 +2. Best plans on the market +3. Any corroborated relavant news + +___ + +# What about Bulb? + +Bulb appears to be okay - for the moment: 'We buy our energy in advance and this means we're protected from the current wholesale costs that some smaller companies have struggled to manage.' + +- https://bulb.co.uk/blog/energy-in-the-news + +# What about Octopus? + +They're backed by a very large corporation, also called Octopus, so can handle short-to-medium term losses. + +#What are the actual OfGem caps? + +Have a look at this discussion. https://www.reddit.com/r/UKPersonalFinance/comments/q770um/does_anyone_know_the_actual_ofgem_unit_rates_and/ +Heyo - I'm an American, toying with the idea of spending a year in Paris and putting my 1st grade twins in the American School there. Has anyone had experience with this and the visa process? I am semi retired and could either go through the process as someone who is working or not. Any feedback would be great, thanks! +Hey all, + +I’ve worked in the market for a good few years & currently work for a lender. + +Happy to answer any mortgage queries - no question is “stupid” if it’s genuine. It can be confusing and stressful. If I can’t help I will try to point you to resources that can rather than provide misinformation. + +If this isn’t allowed mods, let me know. I couldn’t see that it was against the rules and I’m happy to discuss with you further if required. + +Take care, + +giraffe +I want to thank to everyone who contributed with funds, shared our project and participated in the last update, for helping us to achieve this. More than 1,000 people has been benefited from your contributions in cryptocurrencies. Most of them are children, and older people who are unable to work and are suffering the impact of the humanitarian crisis that has affected our country for years now. + +You guys made this possible with your contributions in Bitcoin and other cryptocurrencies, along with our small team of volunteers that are working very hard every week. + +More than 4,4 tons of food have been given in total to people in my community. All of them are in a dire situation, many of them are older people who are unable to work. I'm proud of our work and I wish to continue to help people with bags of food. + +Some pictures: + +https://i.redd.it/13ahs43z9xx61.jpg + +https://i.redd.it/b79n553z9xx61.jpg + +https://i.redd.it/q00eq43z9xx61.jpg + +https://i.redd.it/hmsjo43z9xx61.jpg + +https://i.redd.it/ddhl453z9xx61.jpg + +https://i.redd.it/1ydn753z9xx61.jpg + +https://i.redd.it/fjr6853z9xx61.jpg + +https://i.redd.it/t1gga53z9xx61.jpg + +https://i.redd.it/3d16753z9xx61.jpg + +https://i.redd.it/mkj3j53z9xx61.jpg + +https://i.redd.it/nsvplf3z9xx61.jpg + +If you wish to help with cryptocurrency donations to buy food, please send funds to any of our addresses. Thank you so much for helping us! + +Bitcoin: 16w9PsTMKGsd9u4wuGN6WV1tcQNrQBEQmU + +Bitcoin SegWit: bc1qun795pt5d5wdrtu5hhd44rhxmvkmnjxqd3m496 + +And you can visit https://mealvenezuela.org/ and search for a different cryptocurrency wallet. +I have an opportunity to join a small business (it is run by a single person) as a cofounder. Business is profitable and has 1M in revenue. With my help it can grow to 5M-10M in the next few years. + +I am offered 10%, does this look reasonable? I was expecting closer to 20%, because the business can't grow much further without my help. Also I get a standard in tech vesting schedule (4 years with 1 year cliff), is this reasonable for a cofounder role in a small business? +in muh 30s, have about 60k in 403(b), I am cashing it out for a downpayment on a house. + +Tired of throwing away money to a landlord. + +I am done, doubt I'll live long enough to see 65 anyways. + +\####### + +Thanks Everyone, after reading through comments I decided I would just use FHA in combination with a loan from 403(b) to cover costs of buying the home. + +Still don't think I'll live to see retirement, but hey at least I'll be in a house that I can afford a payment for. + +1800$ for a 2 bedroom apt has been soul crushing (Central US) +I found Nio when it was $3.5 and I knew with near 100% certainty it will fly + +[My plan was to hold these forever.](https://preview.redd.it/9wtq1207qda61.jpg?width=923&format=pjpg&auto=webp&s=8d7fbbbede693e1134148840dd1de98ee9db6838) + +[People around me filled me with doubt, fear and panic. so I sold.](https://preview.redd.it/w9jb7o07qda61.jpg?width=918&format=pjpg&auto=webp&s=4d71f042ed7cc2cd06fffcb230f1576fa29c6704) + +[They would be worth 500k right now, I also had another account with 100 contracts. so total missed out on is 1 million dollars.](https://preview.redd.it/ndua4g07qda61.jpg?width=862&format=pjpg&auto=webp&s=1d04d58a53594a13c774baad17ebfe9b4393e2d2) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Edit: proof https://m.imgur.com/gallery/kAcjbr9 + +Firstly, if you're one of the people that's here trying to pay others to promote your stock, I'm simply not interested. Pump and dumps rely on people's ignorance, and I try to make my followers smarter about trading. Look wtf happened to salm10 when he couldn't pump a stock properly. + +Today I was offered $80 to post about a stock 8 times within two weeks. On Saturday I was offered $100 to post about a stock ten times. And it got me thinking, what would be my buy price? Honestly, no matter the amount of money, even for $8,000 or $80,000, I would feel like a retarded piece of shit trying to pump a shitty company that I don't actually think is a good trade to take lol. And since I stream my analyses live, you would probably be able to tell that I'm full of shit. I enjoy streaming and interacting with you guys and looking at penny stocks that you request with an unbiased opinion. I also enjoy not creating enemies by pumping a stock and creating bag holders that lose 34% of their account + +The money I've been offered is less money than I make in a day from actual trading lol. It's also less money than you guys have donated to me on twitch in one week. + +So don't worry. I'm on your side and I will always be as transparent as you guys need. Makes you wonder though, who here in this subreddit is getting paid to post 'DD' ?? +I get SSI money and food stamps. But never really feel poor. I'm frugal where it matters, I make sure there's money in the bank and that I have food in the kitchen. + +I got rid of my cable bill and have gotten myself a Roku Device. I use Coupons when I can. I always check the prices for cheap deals. + +I'm able to buy fun items to have. I collect aluminum cans and sell them for extra money. It's not always a lot of extra money, but it's something. + +I am wanting to get a job. I'm on disability for my back disorder and have been since I was a baby. I've never worked before, but have gone to a Career Center in high school. I can't make a certain amount past my SSI, but still, any extra money would be good. + +Compared to other stories that get told on here I don't feel as bad off. + +I've always been rather frugal with my spending and that helps. + +Not trying to brag or anything, just feeling thankful for what I do have, even if it isn't lot. +How on earth did Kraken ever get so big? + +* The interface is unbelievably user unfriendly since its beginning +* Actual price ticker is broken as hell +* There is no continuously updating order book +* Orders taking more than 10 minutes to even enter the book +* Buy and sell orders of same price are both shown in the book + +WTF is this crap?? +Honestly, I have had it with alll the "kill BTC-XRP-BCH" subscribers over here. +You guys just do not get the big picture.. ETH this, ETH that, kill BTC or whatever crypto except ETH. +What we need is crypto to get adopted, Be it BTC, ETH or Ripple, +Some people love a Volvo, another person loves a Nissan. +Please stop putting other Crypto than ETH down, we do not want a community as toxic as /r/btc or /r/bitcoin, come guys and galls , you can do better! +I think it would be beneficial for us to have a megathread to track all developments in the ongoing BFX deposit/withdrawal issues. Since this is such a sensitive issue and affects the entire ecosystem, I believe it is important for the entire r/ethtrader community to have a central resource to monitor the situation. + +Please post relevant links and information that are pertinent to BFX issues in this thread. + +(Mods, please consider sticky-ing if you believe this is a valuable resource for our community) + +**News** + +April 5 - BFX sues Wells Fargo [court doc](https://www.scribd.com/document/344831470/1-main) + +April 11 - BFX voluntarily withdraws lawsuit against Wells Fargo [lawsuit dismissal](https://www.scribd.com/document/344993295/Notice-of-Voluntary-Dismissal) + +April 13 - BFX announces USD withdrawal delays: https://www.bitfinex.com/posts/199 + +April 17 - Pausing Wire Deposits to BFX: https://www.bitfinex.com/posts/200 +This is a huge announcement. Mike Novogratz, who runs the biggest crypto fund in the world (with $500 million AUM) is an advisor and investor in Airswap. Now, Airswap is the official partner for Novogratz's fund. Together, they will provide liquidity to decentralized exchanges. + +Also the screenshot of the Airswap platform is amazing. + +https://cdn-images-1.medium.com/max/1600/0*a-oSzgZJAjDqcgMr. + +The key phrase in this article: "AirSwap is Michael Novogratz’s choice" + +The only decentralized exchanges that will succeed are the ones with sufficient liquidity and with strong architecture. Airswap is the only DEX that combines these two elements. + +As a comparison: + +AST has a market cap of $30 mil. +ZRX is at $94 mil. +Kyber is at $140 mil with no beta until mid to late 2018. + +&#x200B; + +[ When I started out this graph was essential](https://preview.redd.it/zt20ofpa7gm81.jpg?width=620&format=pjpg&auto=webp&s=a42e80290be9dccb52b665be7c720bdd91c18df2) + +It saved me a fortune. Some people here say that we're not in a bubble. That's because they are experiencing the "Return to 'normal' phase just like the graph says they would be. + +This means that $2100 may very well not be the bottom. We haven't seen any capitulation or despair yet. When we get there you will all see people selling at the very bottom at a huge loss and exiting the market until the next bull cycle. The market runs on emotions and those emotions are very real. + +You are in a bubble. Even if the top was not yet reached. It could be anywhere (10k, 20k), but there will be a top, and it will pop. + +There is nothing wrong with a bubble, it's fine. It's markets... it's awesome. That's why we see so many people make unthinkable profits in crypto. But if you don't time your entries right you might have to wait a long time before you get the value of your investment back or worse, you might never recover it. Everything else you do should be based on that assumption. + +I like to always give the following advice: **Don't trade. It is a constantly evolving behaviour that seeks to deceive and mislead all participants. It is generated BY participants Against all participants.** People are going to give advice that suits their position. Now i'm really not trying to pop the bubble I'm posting this to help people out because I hear a lot of people here who are clearly going to lose a lot of money. ETH is great, it's a fascinating subject, it's fascinating. But that does not mean that you need to sell your house to YOLO in at the very top + +Follow these to minimize your potential losses: + +1. Never invest more than you can afford to lose entirely +2. Buy and hold +3. Sell a third two years or so after each run-up + +The people on this sub upvote bullish posts and downvote bearish ones. This distorts the tone on the sub. The $10k by christmas thing was a minority view yet is more prominant here than it should be. A recent bearish post I put on here was downvoted so quickly it would have only been visible on the sub for *minutes*. That's not a healthy unbiased discussion-space. **New people should know** ***this place is biased.*** +Well I did it. I quit my job today, giving my three-week notice. I’ve been at my company for 14-years. + +My wife and I are “technically” FI when I include our retirement savings. Both of us are 37 and have $2.3 million net worth, living in the Midwest. We had been working aggressively to build up our regular, taxable accounts to help with the bridge years. The taxable accounts have $460K at the moment. The rest is retirement, paid-off home, and two paid-off rental properties. + +I expected to keep working for 3-4 more years —- but the combination of challenging work environment this last year (and especially in recent months), as well as some parental guilt for sacrificing so much family time for work —- pushed me over the edge. I really want to enjoy the time with my kids while they are still very young. The immediate desire is to give my kids a traditional summer break......no more all-day daycare, where we drop them off at 7:30am and pick them up at 5:30pm. + +It was extremely difficult to walk away from my position, my team, my salary. It is a good company with a good mission, but it felt like it was the right time. My wife will still continue working. She loves her job and didn’t have the same desire to take a break. That’s also why I’m calling this a “partial FIRE” at the moment. + +We had been fortunate to maintain a pretty high savings rate for the past 10 years. We both made roughly the same amount. And we always tried to live off one income. So in this next chapter of our lives, all of our regular expenses will continue to be paid with one income (plus $2K monthly rental income). We won’t have to immediately dip into savings — and instead, will still be able to save 15-20% of her paycheck each month. That seemed to help ease my mind when thinking about this decision. + +Thank you to all in the FIRE community for your stories, knowledge, motivation, and more. I didn’t expect that 2019 would be a milestone year in our FIRE journey, but I’m here now! I’m a long-time reader of the subreddit, but felt like I needed to write down my thoughts as I was getting ready for bed. I feel very fortunate and very privileged to be in this position —- having the opportunity to walk away from full-time employment and to put my family first. + +We are FI, but I’m still not sure on the RE part just yet. But that’s also the benefit of all this work and hitting FI - flexibility. If our investments are struggling or for some other unforeseen reason, I may choose to look for another job come end-of-summer or fall. Or if they’re doing great, I may keep the RE portion going longer. But for now, I’m just excited to enjoy the summer with my two kids! +I’ve been thinking about this for a while and just curious if it will maybe affect my credit in a bad way. I have 1 credit card that I use just for gas and spend roughly $50-100$ a month. I got this just to build my credit and I’ve had it for 9 months and have a score of 738. I pay it off in full every month as I would do if I get another one. I want another one just for the cash back rewards. Should I just keep my one card or get another one? My monthly expenses are about $500-$700 and I would be using it on every purchase. && if I should get another card any suggestions? Background: 19 (M). +Lottery Function now LIVE + +SafeDEX/SafeSwap is now LIVE it launched this weekend along with our new liquidity currency $Treats 🤫 this is to create us the chance to pool and farm our tokens for outstanding and long lasting economics! + +We also already have another project listed called $Tama on our dex! + +Liken this to BnBs cake or Eths Gas. This gives us the chance to build an even more stable project in the midst of the madness 👀To prevent dumps and strengthen SShibas core. As if we weren’t safe enough right? We’ve got you with our audited and vetted DEX adding new projects soon! + +With Coingecko now live and CMC a matter of days were ready for this slingshot to the moon, utility is unmatched in this space, so let’s make this experience better for all with your future hero Super Shiba! + +Dedicated and Doxxed Devs and a Strong Community (please join the TG to see) $SSHIBA continues its journey to the moon. Now is the perfect time to invest in the Super Shiba Token as it’s cool off period with the market gives you a beautiful entry point. + +Coingecko is NOW live + +CMC Submitted - + +At 60 hours old $SSHIBA reached a $11.5M Mcap and the marketing is only Just getting started.. + +New A++ Website in development + +Poocoin 1-5 trending + +More Twitter and Youtube influencers today and a full Twitter campaign tomorrow from 4 influencers + +Tyler shill Investments YT channel coverage and a continued Twitter hype + +Daniel Moncada from Breaking Bad and Better Call Saul onboard, ready to help shilling on socials and his associates + +** Key Points in development including DEX UI overhaul which we will share very soon** + +— SafeDEX is developed launching this weekend- A DEX made for Gem hunters, looking to get into doxxed and vetted projects before they've already 10x or 100x'ed. They will revolutionize the way we use NFTs to identify fully verified projects for our traders/holders. Details, full vision and Medium articles will be posted soon! Stay tuned. + +— SuperShiba NFMeme Marketplace also in the works - A platform for users to create their own memes directly as NFTs, share them, trade and just flex their claim on their own unique memes. + +Doxxed Dev and Team - Again, this is all about trust, something that is lacking in the dapp realm. The Admin Team are willing to put faces behind their names because they believe that their project is solid. + +Influencers and Marketing proposals confirmed - Various social videos and posts out and we’ve already seen an influx of crypto influencers buying in, they didn’t do so on pure goodwill. The team is actively seeking more and collaborating with those we have currently to ensure that we communicate the vision and goals as effectively as possible. In addition to this, they have identified some key + +In summary - it has been really encouraging to sit in on the creative, structural and technological decisions that have been made today by the Shiba leadership; it’s not often that we see that sort of positive collaborative engagement when scrolling through CryptoMoonShots... we love it here but it’s often full of illegitimate projects 😅 let’s end that plight! Super Shiba is here to save the day and we want you to be apart of Amazon in Jeff’s bedroom 🌚 + +Thanks for taking the time to read this :) + +TELEGRAM: https://t.me/SuperShibaBSC +WEBSITE: https://supershiba.xyz/ +TIKTOK: https://www.tiktok.com/@cryptogemhunters/video/6961869966391987462?lang=en&is_copy_url=1&is_from_webapp=v1 [https://vm.tiktok.com/ZMev4cFxS/] + +Contract address: 0x922c77c7724d7b77fd7791be5cc5314b70c3a781 + +BUY : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781 + +Community Donation Wallet: 0x9d81aCFfb25604D2D5010f75F765a2Ce5Aa49259 +**Note:** Before reading, consider if I'm worth my salt. Here's an overview of my performance since I started posting Stock Analysis to reddit: https://www.markovchained.com/profiles/view/reddit:F1rstxLas7. Any good investor heavily considers the underlying performance of a business before buying into them, so why shouldn't we do the same on reddit? + +There have been multiple threads posted to Reddit recently touting the potential that the Uranium industry has over the next few years. Specifically, /u/3stmotivation has done a terrific job with his(?) due diligence regarding the industry. If you had bought in to any of his recommendations back in June after reading his thread in /r/Undervalued here: [The undervalued case for uranium companies](https://www.reddit.com/r/Undervalued/comments/gz833b/the_undervalued_case_for_uranium_companies/), then you likely would've been up 27% on the large cap Cameco(CCJ), 128% on Denison(DNN), and 155% on Energy Fuels(UUUU). He is not the only one expecting Uranium to make huge gains, however, but I would like to use his work as a case study so that we can get an idea of what to expect for the industry. Just as a note, I decided to largely leave fundamentals of the companies and technical analysis out of this post. I can provide info about how I feel about them as well, but decided to put them on hold for now. + +**What is the purpose of this post?** + +Simple. When I read these posts about the Uranium industry having the potential to explode in the near future, I *rarely* came across reasons as to why it *wouldn't* skyrocket. Before buying in, I decided to dive deeper into reactive core to see what I could come up with. + +**The current situation, summed up:** + +If you haven't read through Uranium investment material, I'll sum it up now. The lack of supply does not meet the current and 10 year expected demand. Because of this, the biggest producers are buying from the spot market because it's cheaper to do that than to re-open their facilities for new production. It's predicted that when spot prices hit $50+, these companies can get back to work and make great earnings while doing so. + +I'd like to be clear here... This is not untrue. Contracts will likely be renewed over the next couple years, starting now, driving prices up. + +**Uranium voices say we'll have a repeat of sky high prices during '07 and/or '11.** + +Remember Fukushima? The Japanese Nuclear disaster in 2011 that shut down many facilities, driving Uranium supply up and prices back down? An important piece to the puzzle of investing in a company is public perception and there is no difference when it comes to commodities. For this exercise however, I frankly don't care what the public's perception is. The *reality* is that Nuclear power is safer and reduces carbon more effectively than every other way we produce power. Nuclear power is only getting **safer** because of these kinds of disasters. Regulations are incredibly strict when it comes to Nuclear power because of the implications, bringing my first point into focus... + +**Uranium *can't* be competitive.** + +Industries that are forced to comply with significant safety standards set by government regulations cannot adapt quickly to a changing economy. With that said, the companies that have survived this sector are well suited to withstand the regulations they're forced to deal with. But mooning? That's out of the equation. + +**Renewable Energy is the future/can't power the entire grid.** + +Renewable energy can't power the entire grid and it's not our only future. The reality is that our future is made up of Renewables, Nuclear, Fossil Fuels, and a healthy balance of other energy sources. Why is this the case? Many reasons. Fossil fuels will run out and harm the environment, renewables aren't as productive or reliable and take up a lot of space at the same time, and Nuclear is damn expensive and takes forever to get running. Let's look at this last point... + +**Nuclear is expensive and takes *forever* to get running.** + +It costs *billions* of dollars to get a new Nuclear facility up and running. Natural gas takes a fraction of the cost. Nuclear, while turning a profit at a better rate and with less carbon output than Natural Gas, also takes *at least a half decade* to even be built. Out pacing a Natural Gas facility's profitability doesn't begin until nearly a decade *after* a Nuclear facility is built. And that's *without* further technological improvements of Natural Gas facilities bringing costs down further. Who exactly has 10-15 years and billions of dollars to spend on an endeavor that will likely need heavily regulated maintenance and repairs shortly after profitability outpaces its competitors? + +**Not politicians, that's for sure.** + +The billion dollar price tag for Nuclear can only be covered by 1 purse, the political purse. Let me ask you this, how many high level representatives can you name that have been in positions of power for 15 years? The way you advance in politics is by winning and you have a short time frame to do that. Investing yourself in legislation that pumps up Nuclear energy, against horrible public perception, will not net you the quick wins needed to continue moving up the ladder. No one wants a part of this like they do Renewables or even Natural Gas. + +**So is Uranium actually worth investing in?** + +The short answer? It *could* be, but only for the intermediate term. 3STmotivation specifically mentions a horizon over the next few years and how important it is to keep an eye on spot prices and the industry when we get a few years down the road. Based on what I've learned during my research, this is not a long term play until *significant* improvements are made for Nuclear. + +**What about for the intermediate term?** + +During the bull run from mid 2010 to the beginning of 2011, CCJ, DNN, and UUUU shot up about 65%, 150%, and nearly 500% respectively. Unfortunately, over the following 6 month time frame, they lost basically all of those gains and have been in decline for the 10 years since. Fukushima played its part with reassuring the public that Nuclear was dangerous and may have been a catalyst for this meltdown, but the continual decline in value is evident. These are huge gains, no doubt, but be understanding of the industry as a whole and how the market reacts before buying in. + +**Final thoughts:** + +I ultimately decided ***not*** to buy into Uranium. I think the industry is Undervalued for a reason, ie. valued appropriately. My investment strategy does not include investing or trading commodities so it was easier to pass on this, but that is not to say money cannot be made here. I simply don't believe this to be a long term play and the short/intermediate term is too volatile, difficult to fully grasp, and risky for most investors. 3STmotivation provided great analysis of the industry and the companies that are probably best equipped to benefit from the upcoming catalysts, so I thank him for encouraging my research. + + +Remember, not everything affordable is worth buying. + +If you'd like to read more about my investment strategies and analysis or other Due Diligence that I've done, you can find them on my personal site, [TheStockChartist.com](https://thestockchartist.com). Mods, if this isn't allowed, please let me know and I'd be more than happy to remove this link. + +*Disclaimer: The above is not advice, just an analysis meant for educational purposes.* +Ok so my story is I am about one month from 40. I didn’t save a dime till I was 35, but have been aggressively saving for the last 5 years. My current net worth is $450,000. Broken down it looks like around $200,00 equity in my home. 140,000 in a 401k and around $60,000 in Roth IRA/ brokerage accounts. I also have around $60,000 cash. I want to rent an apartment in Mexico right on the beach for $500 a month. I’m wanting to keep my house in the states. My mortgage is currently $1300 a month. Do I obtain a second living space solely for the purpose of living on the beach and enjoying life or do I stay the course and continue to save. Keep in mind I work long hours from the computer these days and a nice view would be appreciated. Unfortunately even with long hours I’m not making six figures yet. I just feel like I need to enjoy my life but don’t want to regret it later as I believe I’m behind in my retirement savings. Come on guys tell me to rent on the beach in Mexico! +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Hey all, + +Last night I paid off $3,000 off my Go Mastercard - destroying my consumer debt completely in one fell swoop. One of my 2019 financial goals realised which I credit to getting serious about controlling my money and keeping track of my home-made spending plan. It felt great at the time but today I woke up with a pin in my stomach... now what? + +I'm almost 29, have a mortgage ($311,000) and roughly $10,000 sitting in cash (7.5k as an emergency fund for 3 months worth of expenses and the other 2.5k for my recurring expenses). My other 2019 goals include beginning my investing journey by investing my first 5k and also to pay extra on my mortgage repayments to pay it down faster. I'm currently saving $500.00+ a fortnight but don't know what to do with it. Paying off the mortgage faster equals less interest and greater savings in the long run whereas investing means building wealth for my later years. + +What do you think is the more important focus right now? +Long story but I own a house in a fairly high demand area and I want to walk away as quickly and discreetly as possible. + +I have a family member living with me (no lease) and theyr financially and emotionally abusing me and I'm prepared to run away with a single suitcase in the night. + +Any advice? Theyr a 2 week on 1 week off worker in the mines if that helps + +[Edit] I thought selling like 40k below market value would make it easy, the house has potential to realise an extra 100k with a new kitchen/bathroom too +I'm interested to hear from people who have needed to rely on their emergency fund (EF). I'd prefer to hear from people who were/are single and have had to rely on the EF, but if you have one already but never had to use it, just mention that in the comment. A couple of questions: + +* 1 Did your EF include discretionary expenses? +* 2 Do you have dependants? +* 3 How did you cope emotionally when using the EF? +* 4 Were you able to stick to the EF budget? +* 5 What lesson/s did you learn from the experience? + +Thank you +Hi there. I'm a Sydneysider who's curious to hear from any Perth-ians (Perthites? I don't know what the term is) about what the "property culture" is like over there. + +n Sydney, it seems that every bastard is constantly talking about property (and yes I fully realise the irony of this post). Going to a BBQ and saying that you're a renter who's happy renting because it doesn't seem worth the price to buy is like going to Saudi Arabia and saying that you think Muhammad is just okay. Do you remember when Bitcoin hit $20,000USD and it felt like everyone was talking about it, from Reddit, to the news, to your friends, to your boomer parents? That's how I feel about real estate all the time. The assumption that it's always the right decision to buy anything, no matter what is is, seems to be the prevailing one. Even the people who are prophesying huge property crashes, I get the vibe they're only doing so because they want to buy a property themselves (and get on "the ladder"), rather than anything else. + +In Sydney, the price of houses has gone nowhere but up for the past 30 odd years (save for a few temporary bumps here and there) which means that the popular theory that property ALWAYS goes up (by a lot) is hard to argue against, whereas I know that this have not been the case on the West Coast. + +I'm curious if this annoying facet of what I've always considered Australian culture is there in WA after a decade largely without price growth? +ENB & BIG5 are the best yielding and safest dividend plays on the TSX right now 6-7%. + +Why did you buy that 8%+ yielding stock? +What makes you so sure that it won't be reduced or cut? + +This post is brought to you by: FOMO 👍 + + + +Please only comment if you're seriously invested (10%+ portfolio) +This is a cross post from r/hut8 but I think a few people for here would appreciate this: + +—- + +Hey! Just got off the phone with Suzanne Ennis (Sue) the head of IR for Hut8. I addressed the points that were added to the discussion and this is the result;- + +PR - recently hired Redchip US (they brought RIOT to market) & North in Canada. They didn't announce as they didn't see a need to do so, I informed her retail does enjoy seeing the announcements as others have made them, however, they still feel that PR to announce it is not needed. +Share Buy Back - Company is looking at possibly adding a dividend in the future & will focus on building up the BTC treasury. The company is aware of stock price & is invested themselves (specifically Sue said she was, can't speak for anyone else but I would imagine so). + +Miners - Lots of companies have announced their miners, however, large amounts of them are actually LOI's (letter of intent), many things can go wrong with this. Someone can simply offer a manufacturer more $ and they'll lose the shipment. They feel that announcing miners without 100% follow-through is disingenuous and would lead to an erosion of trust in the company and potential legal action. They did, however, update me on the new GPUs being installed which will lead us in mid Q2 to 9.3 BTC mined per day. Miles above our competition. + +500M Shelf *dilution* - The company was +$40.6M Q4 2020 and has notified Coindesk to post a meaningful retraction of the article or possible legal action could ensue. The shelf is there if a large opportunity comes up and they need funds towards it. However, she did specify currently they're not using it but they can/will in the future if need be. Also, yes the warrants are included, however, they may, or may not sell them. Legally she couldn't specify. + +Uplisting - Quote “you’re on the right page, I'm a very direct communicator and it sucks that I can't say anything to you guys but legally I can't, legal has been very strict about this."; I believe this means the up-list is most definitely on track and we'll see it by Q1-Q2. The hiring of Redchip is massive for this. + +Shorts - The company is aware of the extreme shorting in Canada, sadly due to our lack of regulations there's not much they can do about it. She did confirm this would end if/when the up-list took place ("if" is purely a legal term, since she can't actually specify anything related to it) + +—- +I just got an email from EQ Bank that they have raised interest rates to 1.65% from 1.5% + +Are they not following Bank of Canada interest rates? Or is it that interest rates increase the same instant as BoC announcement only for products beneficial to banks? +I'm no financial expert and I've been seeing a lot of post about Canada not raising interest rates unless US does it first. What does that mean exactly? How does it affect us? +Thoughts? + +[https://financialpost.com/globe-newswire/telus-announces-c1-3-billion-equity-offering](https://financialpost.com/globe-newswire/telus-announces-c1-3-billion-equity-offering) +Who is 80.241.217.46? +This IP is mainly producing blocks with 2 base system pattern... even blocks with 1 transaction. +Seems like a waste not to include more transaction and looks rather suspicious to me. +Currently they got 3 of the past 4 blocks so they seem strong. +Server located in Germany. + +Is this the reason why Ive been waiting almost an hour for confirmation of my 0.0001 fee transaction? + +UPDATE: Only 192 transactions has been confirmed in over 1,5 hour because of this pool. +Good Morning! + +&#x200B; + +Welcome to another day of crayons and charts with you favorite wrinkly pickle, Gherkinit. + +If you missed my forward looking DD for this week it can be found on my Reddit profile or you can check out the Video DD and today's live stream over on my [YouTube](https://www.youtube.com/c/PickleFinancial). + +You can also listen in, on our live audio stream on [Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap-Up + +Here are our stats for the day. Not a lot of action to speak of besides that dip in the AM. We held above 157 which is all that matters for now. See you guys tomorrow. Sleep tight and HODL. + +https://preview.redd.it/xatuun54pyw61.png?width=742&format=png&auto=webp&s=65b169a08bcc3564f939e96dc8856b53c10d506c + +Edit 17 3:39 + +Broke down out of that up channel looking like we are limping to the finish line + +https://preview.redd.it/6lwoozgskyw61.png?width=1158&format=png&auto=webp&s=90b14d43dec9a937deb98bca684bc4f2c8c839cf + +Edit 16 3:16 + +Resistance broken at 162.5 on a nice uptrend. Stream is getting silly. + +https://preview.redd.it/7qw5srsjgyw61.png?width=1081&format=png&auto=webp&s=55e96935b6adb269114250d3761e7a4648bf0bf0 + +Edit 15 2:50 + +Still no action trading at or below 160. More updates in power hour. + +Edit 14 2:01 + +Still not a lot happening we touched a new intraday low of $159. This is very near the floor of 157 I do not expect to go below that. + +Edit 13 1:09 + +Still no action chopping on 162.5, 0 shares left to borrow could move up in power hour. Right now we look weak but I don't think we will drop much + +https://preview.redd.it/72c7jc51uxw61.png?width=1091&format=png&auto=webp&s=5773f3f5e008cedf156f8684e64a98540f91401d + +Edit 12 12:31 + +Weakness on that last bounce heading for a re-test of 162.5, low volume no pressure in either direction really. Chop on resistance till something changes. + +https://preview.redd.it/rxcd39p2nxw61.png?width=1436&format=png&auto=webp&s=3a426cd591467d52ccff44b5ac1d62b82610e62d + +Edit 11 12:09 + +Lunch time low volume our bounce weakened but if it continues up we could see a climb on additional volume re-test at 170? + +https://preview.redd.it/o17p4ycgjxw61.png?width=1312&format=png&auto=webp&s=350052474a00cbbc4edf3eff2dc4cb8fc3a464ae + +&#x200B; + +Edit 10 11:57 + +Nice bounce at 161.50 thanks for the sale Kenny ! + +https://preview.redd.it/xq86czi2hxw61.png?width=1280&format=png&auto=webp&s=58ed7ef14f1787801cb5e4fbbeb3ec5916a3b4f2 + +Edit 9 11:31 + +Could go as low as 162.5 these tend to break up. They are driving the price down for a reason 225k shares borrowed and used. + +https://preview.redd.it/jtp159lfcxw61.png?width=1172&format=png&auto=webp&s=e33ed22cb58020c197bd7adca254d6361d1cafbc + +Edit 8 11:13 + +Weak trending towards 165. Decent volume on this someone is pushing it down. + +https://preview.redd.it/0okoqoa79xw61.png?width=965&format=png&auto=webp&s=093757cf5993d6e05ab7a5c493bcab9321d302ec + +Edit 7 11:03 + +Broke out of that ascending channel to the downside. Below VWAP looking for a bounce at 172. + +https://preview.redd.it/95nviike7xw61.png?width=1145&format=png&auto=webp&s=c3343d437f8a877121fa9b8fea03f2eb9036dc34 + +Edit 6 10:48 + +ascending channel looks like we want to test 180 with no volume again + +https://preview.redd.it/90nwh2lr4xw61.png?width=1118&format=png&auto=webp&s=c93fff0ba08bc6b52590d8b54c0a7c5dae0af621 + +Edit 5 10:40 + +Chopping on top of VWAP, it's better than being below it for now. Still slightly under 1M volume. + +https://preview.redd.it/0gnhswxa3xw61.png?width=1170&format=png&auto=webp&s=3d0d9a94083e4d29e2fea0842c031832e247f589 + +Edit 4 10:18 + +Re-testing VWAP if it hold we could be in for a nice uptrend + +https://preview.redd.it/ojv7p9yczww61.png?width=968&format=png&auto=webp&s=e797d9cfb8027714b963a21eafc0dcaa25c40dcd + +**Edit 3 9:53** + +Dropping after testing VWAP could hit 165-169 range 500k volume + +&#x200B; + +https://preview.redd.it/v3veswfzuww61.png?width=1048&format=png&auto=webp&s=2f3127ccd2faae215b30ec09f7240dd66811c235 + +Edit 2 9:38 + +Turnaround looking weak we could drop to support at 165-172 + +Edit 1 9:35 + +Small opening dip looks like we are turning around 232k volume + +https://preview.redd.it/t1d38y0trww61.png?width=992&format=png&auto=webp&s=29a34ad30c670729820fb3d74fcaed4561794b47 + +# Pre-market Analysis + +Pre-Edit 1 + +Volume isn't bad @ 47k if we move strong at open we can test and break 180 if not expect more sideways. I'll update a couple minutes after the bell + +https://preview.redd.it/dgmrbz90oww61.png?width=1121&format=png&auto=webp&s=39e4a441673371fde02571e099bb041305448c26 + +Looks Like we could fill the gap down in VWAP from friday + +https://preview.redd.it/8u6lb1bwdww61.png?width=908&format=png&auto=webp&s=2b966a254af637e8047e736c998fa006ebd638f4 + +Here is CV VWAP for this morning. Nothing to note here. + +https://preview.redd.it/n7teylt7eww61.png?width=683&format=png&auto=webp&s=69f2d1f16edede2877204f6725b7633c9f4fe084 + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +Goldman Sachs stated today that there is an over supply of Lithium....They are Liars. + +Goldman Sachs has a history of criminal activity and should never ever be believed in anything that they say. + +THEY HAVE A HISTORY BASED ON CRIMINAL ACTIVITY.....THEY ARE LIARS CHEATS AND CRIMINALS. + +" Goldman Sachs were not simply market makers, they were self interested promoters of risky and complicated financial schemes that helped trigger the Global Financial Crisis. They bundled toxic mortgages into complex financial instruments, paid the credit rating agencies to label them as AAA securities, and then sold them to investors , magnifying and spreading risk throughout the financial system and all too often betting against the the instruments they sold and profiting at the expense of their clients" ! + +Goldman Sachs are lying and spreading fake news and will buy as the prices fall. + +Goldman Sachs admitted that it defrauded investors during the financial crisis. + +Goldman Sachs agreed to pay 5.1 BILLION to settle a lawsuit related to its handling of mortgage-backed securities leading up to the 2007 financial crisis. + +Goldman Sachs has paid the media to publish the lies that you read today regarding Lithium. + +Oversupply is mathematically impossible. Three mines per year must come online each year for the last three years up until 2025 just to meet demand. No new mines have come online, cxo is the only one to be end of this year. Tesla have signed offtake before the mine is even producing. The existing mines have been spoken for as well as ones not even built. Where is supply coming from? GS and the Morgans are all scammers. EVs are growing 15 to 20% CARG, phones are getting bigger batteries, power tools and appliances all going wireless. Armies are building drones like never before. Alb and Sqm cannot increase production due to lack of water. One year just to build a mine, one year environmental approvals, one year from mine to batteries, one year for validation. All this on top of years of drilling and mapping. They want you to sell at a loss, many will. Those who take advantage of the sell off will benefit. The small amounts of chemicals available (spot) are fought over, hence the high price. Even at the high price, they still make good profit. Anyone with at least a phone is using up the lithium supply. +Most traders lose money trying to outsmart the market, if you just invested a big amount or if you are implementing DCA, remember why you bought ETH in the first place and you'll be fine just holding, this is normal. Investors like me have endured going from 1.3 to .7, from 20 to 7 and I'm not afraid of going from 53 to 30 (if so), because, as you can see, the trend is upward... for a reason. + + +Maybe next time will go from 100 to 60 and then from 200 to 150, who knows, the thing is that the fundamentals of this investment couldn't be stronger. There's no one at ethereum's level, having by far the biggest network of blockchain developers was not an easy goal to achieve and is yet to pay off when the whole project is complete and users start coming in mass even if they don't realize it. Plus the fact governance is excellent, ETH is the entrance for its plataform's ICOs, slowing inflation, ETH demand to stake under PoS, no more controversial hard forks, better decentralization than bitcoin, being the backbone for the coming trillion sensor IoT, among other things just make it better. + + +So if you are selling I'm very happy to buy from you, and after trading bitcoin since 2013 until I sold it all in 2015 I've learned not to be greedy and just trust a good decision from seed to flower. Ethereum is realizing Satoshi's blockchain tech dreams and according to google trends it's nowhere near bitcoin and just starting... +&nbsp; + +This post may be a bit pumpy, but that is not my intent, I just want to share my observations which I know some of u will find some value in. Apologies if this becomes a bit rambly as well, lots of thoughts I want to get down, very clutter, much words. + +&nbsp; + +When Singulardtv announced their ICO, I was not a believer, in fact I did not participate. The vibe I got was that they wanted my Ether, in return they would finance a few b-movies and perhaps a couple terrible tv-series that would most likely pale in comparison to those HBO crack shows we have becomes custom to. + +In addition I have seen so many movie investment go up in smoke. It's a brutal business, most movies fail to be profitable. Good actors are insanely expensive, good producers rarer than unikorns. One story that came to mind when I first heard about Singulardtv was the failed movie investments Rio Ferdinand and a few other fotball stars did in 2014, ending up with 120mill loss. + +&nbsp; + +However, my assumptions about Singulardtv was wrong, I did not have all the information and In retrospect I concluded hastily. +The epiphany came a couple of weeks ago when I saw some of the plans Singulardtv is setting in motion and rarely have I been more impressed, It is simply put a brilliantly engineered system. + +&nbsp; + +First of all, at the core of Singulardtv there is a decentralized exchange. Yes, a decentralized exchange. But in reality it is an "ICO machine". Lemme explain. + +Singulardtv will enable any media project, from documentaries, tvshows and movies to crowdfund their project, tokenize it and enable freely trade of said tokens on the singulardtv dex. No one else is doing this, so essentially for the foreseeable future singulardtv will be the ONLY platform that caters towards tvshows and movie ICO's. + +Every transaction on this decentralized exchange comes with a small fee that is distributed to the singulardtv token (sngls) holders. + +&nbsp; + +What I think will happen, is somewhat similar to what we have seen with Ethereum. A lot of projects will try and get funded using the Singulardtv platform, they will most likely all accept the sngls token and naturally the demand will increase. + +Projects may also start offering aidrops to singulardtv holders as a means of gaining awareness/pr. + +As more and more projects start utilizing singulardtv for ICO purposes, the expected revenue from the decentralized exchange and future demand of the token will most likely increase it's value. It may sound absurd but I honestly believe singulardtv will have a marketcap above 20billion in 5years. + +&nbsp; + +Now imagine the scenario where Singulardtv have a few promising tv-shows or movie projects holding ICO's, which naturally will get attention from the industry. People will talk about it. It is fascinating and in a way sortof what the industry have been looking for. No middleman, a direct route to the consumer and an convenient way to get funding for your project, leaving the producers with FULL CREATIVE FREEDOM. + +One example that comes to mind is the "Stranger things" TV show, which surprisingly got rejected 15 times by various networks. Imagine a scenario where Singulardtv was a known vehicle for funding and starting tv shows, logically one would think that this TV show after attempt nr.10 perhaps would consider the option of pitching the idea to the sci-fi loving,futuristic singulardtv community. + +We would then have "Stranger things tokens" and investors would receive dividends by owning a piece of this show, forever. Every time it lands a TV deal, or whatever else, the singulardtv community profits. + +&nbsp; + +Now imagine what would happen if producers behind one of the best series as of late had an ICO. Let's say for example the people behind Game of Thrones wanted to make a new show, they would easily be able to get funded using the Singulardtv platform, they could arguably give away less of their project, keep 100% control of the creative process, Get marketing worth millions of usd for free, get thousands of fans and loyal promoters who would have a financial incentive for the project to do well. In addition, singulardtv could open up additional revenue opportunities, by selling merchandise, access to events, movie tickets, meet and greets.. + +And at the end of the day it makes sense for the viewers to front the costs of projects. Until now, a company or a few investors shouldered the costs of billions of usd to create new tv shows and movies. That puts limits and huge restrains of what can be done. But when you open up the market to the viewers, you get so much more, things you wouldn't have had using the old model. Niche projects that may never have been funded would see a community of individuals, who may not even considering the investment aspect of it, they just want to give a few dollars to make their dream-documentary come to life. + +&nbsp; + +Interestingly, enabling the "viewers" to participate in the funding of a projects adds valuable information and help producers and writers know more about what people actually want as well. Singulardtv ICO's will be in a way like a massive focus group, that always give highly accurate "answers" as they decide to give or not give funding to various ideas. You could perhaps even ask investors about their age, gender and what other shows they like, and then get very valuable information about what exact demographic a particular project entices. + +&nbsp; + +Now imagine 10 years of this, thousands of tv-shows and movie ICO's.. Singulardtv will essentially become a Netflix on crack, being owned by the community, having thousands of tv-shows and movies that are also partially owned by the community.. + +&nbsp; + +Did I say there was no middleman? Utilizing smart contracts, profits are distributed in a "tree like" structure, making micro payments possible. Actors, makup artits, investors, everyone can get paid instantly, arguably per each individual sale, directly into their Eth wallet. Comparing that to todays situation where it takes months to distribute profits, if u are lucky enough to have a few good lawyers and there are no legal issues or unforeseen problem.. + +&nbsp; + +I am so fucking exited about this, I literately can't wait :) + +With the recent weekly close, Bitcoin once again clearly ended up as a red weekly candle. It's now the eight red candle in a row for Bitcoin, something that never happened before. The last record was six red candles and that dates backt to even 2013. One thing is sure we are in a bear market and quite an extraordinary one for Bitcoin. + +The current macro-economic situation is very unusual. We are having a stake of issues that are all worrying and will probably just get worse, all that while the FED is being hawkish. Probably one of the worst macroeconomic situations for the stock markets in the last decades. Also all scenarios are just not looking to get better, as Covid, Ukraine-Russia, Supply chain issues. + +We are clearly in a slow-bleed scenario. Quite unusualy for Crypto, as Crypto likes to get a sharp dump at once and then just go sideways or up. Right now on the weekly it's a slow bleed. But as always this too shall pass and there will be a lot of needed relief afterwards. +I always knew I was a screw up, but this is it. yesterday I was happy to finally have my home sold just before foreclosure + + today the buyers backed out. my son lives with his dad, and I don't know how I can even say goodbye. my poor 2 cats, are rescues with behavior problems so their future is gone too. + +a nice cold storm is coming. its enticing, but I not ready for this. Northern Canada is not where you want to be homeless in winter. + +what a failure + +thanks for listening. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +https://youtu.be/jCC8fPQOaxU + +A curious segment on manufactured homes. I live in one currently with my partner. I'm not sure what it says about the bay area peninsula that the manufactured home we live in has only gone up in value. + +My partner bought it before he met me, in hindsight, it is arguably one of the best decisions he made in America. There's some luck involved in the purchase by a number of factors, including being bought during the recession and paying for the house in cash. But I can say, this manufactured house is one of the best places I've lived in in the bay area peninsula and rent is significantly cheaper. He could not have afforded a real home when he moved here, and I couldn't have saved money paying rent on a crap apartment. + + +I'm not sure I can suggest purchasing a mobile home in the current environment in the bay area. I can say, buying a manufactured home and renting the land at a low cost of living area is probably a terrible idea. That's a poverty trap. + +&#x200B; + +For comparison: + +* Our home: 1300 Square feet, 3 bd/2bath 1k land rent and 100k on a purchase of the home (the home is now worth 250k) +* Similar Square foot rental is 4700 a month 3bd/2bath (facebook marketplace) +* A single room in an 8 bedroom house is between 1.2k-1.6k a month (facebook marketplace) +* Townhouse nearby: 1.5 million 3bd/4bath (zillow) - 7k a month +* House nearby: 2 million 3 bd/2bath (zillow) - 10k a month + + +Calculated monthly payments on mortgage using [this](https://www.dollartimes.com/loans/mortgage-rate.php?length=30&amount=2000000). I'm not sure this is accurate feel free to correct me. + + +I personally live off 35k a year and make around 100kish of my income, and he also lives of 35k and makes 200kish. Everything else is invested. When we FIRE, we are moving out and moving far away. I plan to FIRE in 18 or so years. My partner could FIRE it probably 10 years (We'll probably split the difference, we are not currently married but plan on. For the time being our investments and long term plans are calculated separately.) + + +I feel as though he landed on a gold mine, my very simple math ( accounting for the annual \~3% rent raise that is locked) says we'd pay \~289k over the course 18 years to my FIRE which around the price of a down payment on one of these real houses. The Manufactured house will probably be worth less in 20 years, manufactured homes that are 40 years old today are going for \~130k today. + + +I don't quite think we're the same type of people John Oliver talks about in his piece, but I'm curious to see what you guys think on the topic. I'm curious as I don't quite know how to do the math, I feel like there are a lot of variables here. Are we coming out ahead? Or once we get married should we pull our money out of the stock market and try to purchase a "real home" for the remainder of our stay in the bay area? Due to HOAs, we can not sublease out current home and keep it as a rental (a huge minus, but if we're living in it I don't see the issue because we already own it). +So, im not sure what value this may have in this sub, but I bought my first *real* car today. (2006 VW Golf GTI 2.0T if you're interested) However, the guy I bought it from wanted cash only, not too sure why, but different strokes for different folks. I was able to get the loan in the form of a check and they were able to cash it for me so I could pay the guy for the car. As the loan officer was counting out the money, even though it was all 100's seeing all of it counted out, and then holding it in my hands ("only" $5,500) I just had this huge shit eating grin on my face holding it and made me really appreciate money that much more. Thats my 2 cents, but just seeing all of it just *there* was pretty amazing. + +**EDIT / UPDATE?** Holy shit. This isn't the most upvoted thing but... shit. gotta go through some of these. Thanks for all of your responses / stories in advance! +My dad seems to only ever call me and ask me about my stonks on days that are red. Wanting to know how they are doing. + +I also suspect that my inlaws are hoping it falls flat on its face. I truly believe the crab in a bucket mentality is real. + +I can't wait til this blows the fuck up simply so I can see how behaviors will change. + +I'll never sell and I swear when I do after the x , xx, xxx holders , when they (the ones who doubted) visit me I will have a boomer butler who every top of the fucking hour will say at the top of their lungs " God Bless the brilliance of (insert my name) and God bless Gamestop and may those who doubted forever live In obscurity!" + +Might be the first and last visit...oh well. +I told my dad to buy ADBE back in 2017 and he doubled his money. I told my dad to buy TCEHY back in april of 2020 and it’s up 40% now. So for my 16th birthday tomorrow he opened up a custodial account for me and gave me all 10 shares of TCEHY that he bought joking about how i have a “good track record” and telling me that there’s no point in putting my money in the bank if i don’t have any financial responsibilities. I just put in an additional $400 of my own money from my last two mcdonalds checks. What should i buy with that? I’m thinking AMD. also i know that $400 is not a lot of money, i just want to see what other people think. +Please limit discussions about the August CPI to this thread. + +Information about the CPI can be found at the Bureau of Labor Statistics here: [CPI Home : U.S. Bureau of Labor Statistics (bls.gov)](https://www.bls.gov/cpi/) + +The August 2022 CPI data can be found here: + + [Consumer Price Index Summary - 2022 M08 Results (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) +Hello all, I thought I would write a brief post, first post ever on reddit. I've been perusing the FI forum for a while now, I'm kind of a numbers/finance nerd, love keeping spreadsheets of my monthly bills and I also have a Net Worth sheet I've been keeping for roughly 10yrs now. I've been a FF for close to 10yrs, Anyway, I've searched in the past for FF posts and haven't found many. Retirement/money seems to be a popular topic around the station, so I figured I would post this for anyone who searches in the future like me. Just updated my spreadsheet today and NW topped $400K for the first time. In 2009, our net worth was $-9000, so I'm pretty happy with this. Also, to clarify, this doesn't include my pension, which is a defined contribution plan. My eventual benefit will be directly tied to what I've put in, and the system I'm a part of is well-regarded for being very financially stable, so I have little worry of any future issues with it. For those unfamiliar, general expectation is to work 30-35yrs and the pension will be equal to or greater than your salary when you retire. In the last 2.5yrs our net worth has doubled, and the average monthly increase is slowly ticking upwards from a $2-3K/month increase, when I started keeping track, to a current level of roughly $6K/month increase in net worth. Obviously the good market has helped the last couple years. I max out my 457 and max out a Roth for my wife. I had to stop contributing to my Roth, it was just too much, things were getting too tight with us and two kids. Anyway, like I said, I just wanted to post this for any future like persons searching for a firefighter's side of things. Thanks for reading. +People of Reddit. When did you start creating rental properties (BRRRR) method, and what tips would you give before I decide to get in? + +Just some background. I’ve been saving quite a bit, 29 yo, own a row home in Philly. I’m looking to jump into my first rental property, Philly region, and wanted to hear your experiences and pit falls. Maybe some HML and connections to develop deeper ties to grow my portfolio. I’ve been reading for 1 year have real estate connections. Thanks! +This week I had the opportunity to visit my First auction In LA county which was conducted by auction.com.. I didn’t really know what to expect but I was pretty impressed with the organization Of it all.. they even had a training event afterwards for newbies like myself.. the event included a title company, lawyer, contractor and a private lender at the event which I’m thinking about using to get my first deal going..... my question is in regards to the bidding which at time seemed pretty intense... with some tiny bids mixed with large ones.. what I found interesting was that a handful of the guys were on the phone as they were bidding and even had there mouth covered so you couldn’t read there lips... does anyone know who these guys were talking to?? My guess is the lender but why? Didn’t you figure out your max bid ahead of time? Is there something I’m missing? All in all it was great to attended and hope to check out more in the future and hopefully make a few bids myself +Ok here's the situation: + +My parents went away--j/k. Currently, my dad owns my grandmother's house free and clear and is renting it out. It needs quite a bit of work done on it (some termite damage, front porch needs to be rebuilt, crack in the floor etc) and could definitely use some updating. It is basically "flippable". My dad wants to accept one of those ugly house cash buyouts. since it is in a desirable neighborhood. Since the house is paid off, I think he should borrow against the house and pay for the fixes and updates and then either raise the rent or sell for a much better price. I'm thinking HELOC or something along those lines. He is worried the bank won't give him the HELOC on an investment property (i think he might not have the best credit). My husband and I, however, have excellent credit and could potentially be in a position to secure the loan for the updates ourselves or at least be cosigners? Is that a thing? + +So my question is - what do you all think? Bad idea to help my dad out? Are there other options I am not thinking of? +I am astonished by the generosity of the Omise_GO team, what a great idea to support Etheruem network and it's investors. &nbsp; + +Now SingularDTV & Golem will re-airdrop OMG to their tokens investors despite they didn't raised that much in compaire to other projects. This shows how committed they are to the ethereum community , to it's investors and to the ethereum network. &nbsp; + +&nbsp; + +What i worried about., is that we didn't hear anything from others Teams/Project who raised much more ETH then Omise_GO & SingularDTV & Golem, (https://icobazaar.com/list) : &nbsp; + +&nbsp; + +Status Network : 275,814,878.06 USD &nbsp; + +Bancor &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;&nbsp; : 133,639,099.20 USD &nbsp; + +Aragon &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 91,675,730.05 USD &nbsp; + +Gnosis &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 82,629,855.83 USD &nbsp; + +TenX &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; : 67,372,000.00 USD &nbsp; + +Stox &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp; : 49,855,280.00 USD &nbsp; + +Storj &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; &nbsp; : 48,258,440.38 USD &nbsp; + +SONM &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp; : 39,469,820.06 USD &nbsp; + +.. &nbsp; + +.. &nbsp; + +OmiseGO &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; : 21,000,000.00 USD &nbsp; + +Golem &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 8,596,000.00 USD &nbsp; + +SingularDTV &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 7,500,000.00 USD &nbsp; + + + &nbsp; + +Maybe we should call out other teams through their sub to do the same ? &nbsp; + +Or at least vote for every re-airdrop news . &nbsp; + + &nbsp; + &nbsp; + +Edit: &nbsp; + +**I am happy to see Aragon will not keep airdropped OMG to themselves. see below** &nbsp; + +**Just curious as I have no idea how to really gauge how vast the spread of crypto adoption is at this point in terms of global and/or western society.** + +Last year people were saying we are still early, but now I'm just not sure. I'm a long term believer and ETH holder, but I'm curious to know what you guys thinks and if there are any metrics out there supporting if crypto/ETH adoption is still in it's infancy or not. + +Based on the past year, crypto has been promoted by all types of 'celebs' (hate that word lol) and big banks/institutions have adopted it with some level of transparency which is also good, but confuses me in terms of forecasting where we are headed. + +&#x200B; + +Thanks! +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! + +Way back in the day when I was a wee baby college ape I worked two jobs. One of these jobs was Gamestop. I was thrilled to work this job because of my love for video games and the fact I was obtaining my Game Design degree. I ended up loving the opportunity so much that I ended up quitting my other job when I became overwhelmed by school and the hours between both jobs. Little did I know this was a big mistake. I kept Gamestop because it was a store that I was passionate about versus the job I had more seniority and pay at. Little did I know that once the honeymoon phase was over I was essentially treated like cattle. I remember days I dreaded even going into a 3-hour shift. I never want the employees to experience the dread and growing disdain I felt over time at this job. It should be a fun and chill place for customers and employees alike. + + + +[ +I just came across this write-up by Jenna Owens for employees.](https://imgur.com/a/xb25FaA) When I read this, I see aggression and a sales-only focused mindset. I don't see what I expect from the company as a shareholder. I want to go through each one of the paragraphs/bullets with my thoughts on the matter. +________________ +* First paragraph is fine setting expectations for what's to come. +* This is great. I love the fact that they are looking to take care of us. This is a retail store so of course, the customer's opinion is important. +* I do not like this paragraph. I am assuming this is referring to the metrics. When I worked at Gamestop you were expected to get a certain amount of pre-orders, PowerUp rewards cards, disc insurances, credit cards, etc. They made you compete against other employees to obtain your hours for the store. People with better-performing numbers would get more part-time hours. If this IS the case. It's archaic. Gamestop employees should be incentivized to work together or to get the customers excited. It's very annoying from a customer's perspective when employees ask you 1,000 questions trying to upsell you on products. Shareholders want Gamestop to do well BUT not at the cost of the annoyance on the customers part or the threat to employee metrics. Both sides should be incentivized to enjoy the transaction versus it feeling forced. If Trader Joes can have high accolades for how their employees view the company then Gamestop should be striving for that same greatness. Happy employees will garner happier customers. +* No. Ideas and alternative ways of thinking are valuable. There is no one true good idea or solution. Free thinking should be a key to providing great customer service. They are not robots. I remember when I was working at Gamestop I was given task A and was told to do it a certain way. I realized task A could be done faster with the SAME results but could save half the time allowing me to start task B earlier. I was then "scolded" by another manager (I was also a manager) for doing task A in this way even though the end result didn't change and I was SAVING company time. The "scolding" resulted in me in being correct in the end and getting compliments from my district manager. If I had been a lower-tiered employee it would have wasted time and resulted in a negative mark for not thinking outside of the box. +* ABSOLUTELY NOT. This is how you get burnout. This is how your employees end up hating where they work for. You should not be overworking your employees. There should be expectations for the capacity each individual should be able to handle. You can't ask a person who is already giving 100% to then give 10xs that. If you want to increase the overall accelerated time, hire more employees. Have people that focus on one specific job versus multi-tasking. I remember there was times people would bring in huge 300 game trades and you'd have 1 or 2 employees on at the time. This either caused backup or you to jump back and forth which annoys customers. Expect what should be expected. +* This is really really ambiguous. Not exactly sure what it directly is referring to. I however do not like the tone of "corporate" is right. +* Retail employees do not get paid enough to "think like an owner". That is a position for someone with more experience or resources on hand. Employees should have their mindset meet set expectations. They shouldn't be bloodthirsty for every potential dollar walks through that door. This is how you get predatory practices in businesses, which when I left Gamestop was already starting to happen. +* This is fine. You should incentivize hard work. However, employees should still be treated like people who have their own lives outside of work. +* This also seems fine. Connections are important. + +_____________________ + +In conclusion, I just want Gamestop to up their employee game. They are not numbers, they are people, they are passionate, and most are gamers AND even your own customers. Take care of them. Happy employees will lead to happier customer experiences. Get rid of predatory practices. + + +edit: I love what they are doing so far. I believe in them and in the stock. I just want my opinion to be known that I seek better employee treatment. + +Edit 2: This screenshot could easily be faked. **The message is still real. TREAT EMPLOYEES LIKE HUMAN BEINGS. Simple, right?** +I’m new to the world of personal finance and, recently, without much knowledge of investing, I opened a Trading 212 account, put some savings into some individual stocks and made a small profit. I’m now thinking of investing more seriously with larger sums of money so I want to make sure I know what I’m doing. + +I want to open a S&S ISA and move my money from the regular investing account into the S&S ISA. + +My question is, if Trading212, freetrade, etoro etc. are all free and are very easy to use and offer a lot of flexibility, why would one choose to pay for something like Hargeaves Lansdown or Charles Stanley Direct? Am I missing something? What’s the benefit? +With all the doom and gloom in the media saying we are heading into 2 year recession etc, I'm quite surprised. I don't check my vanguard account much but logged in to see that my FTSE global all cap is doing ok (been a bit volatile over the last year but hasn't really dropped much overall). + +I know it is not a good idea but can't say I'm not tempted to cash out and see how the market looks in another 6 months or so. +When there’s big dumps in the markets, you always hear things like, “a whale just dumped $XXX million dollars of bitcoin in 10 minutes!” That is almost never the case. It’s true there are usually large events that trigger it, but you need to understand how trading bots and stop losses work. A stop loss is a certain price at which a trader, usually with the assistance of a bot, will decide their losses are too much and will sell their crypto to prevent even greater losses. + +For example let’s say bitcoin is at $45k, and a bot has a very conservative stop loss set for $43k. Then say there’s some price swings that bring the price down to $43k. The bot will now instantly dump its crypto to prevent further loss before the market goes down even further. + +Now, let’s say there’s not just one bot, but thousands. And let’s say some bots have stop losses in the $44.9k range, and some in the $44.8k range, and so on, and so on. That small market swing which brought the price down to $43k just triggered hundreds or thousands of stop losses. So what happens if there’s not enough buyers to support all these bots selling? The price continues to drop, and it will drop until it finds enough buyers to support all of these sellers. + +Remember these are bots. They are software programs that can trade instantly, so this massive sell-off and dump in the market happened in the span of just a few minutes. To untrained eyes it will look like an instant drop, which they conclude could only happen from a single massive sell, but that’s not he case. + +Traders love times like this. They’re able to watch the buy and sell volume and estimate when the buying support will sustain the sellers, and that’s when they start buying. A lot of noobs see a giant red line in the charts and assume it’s a good time to buy. Don’t. Traders say, “don’t catch falling knives” because if the buyers aren’t yet supporting sellers, that red line is going to get a lot longer. + +This is a super simple explanation, but you should at least be familiar with the concept if you’re going to dabble in crypto. + +Good luck! + +EDIT: Just to avoid confusion, a stop loss is a general term. There are different types of stop orders, but actually many bots won't set an actual order for their stop loss because that can affect the market. Instead the bot will constantly monitor the price in real-time and if its stop loss price is reached it'll sell. There's also trailing stop losses, which re-adjust the stop loss as the price increases. For example if you bought at $1.00 and set a stop loss in your bot at $0.80, if the price goes up to $1.20, the bot would re-adjust your stop loss to maybe $1.00. This allows maximum profits even when the price dumps. +Hi! + +I wanted to make a trading bot as a hobby project, but I've read on this subreddit that it is not quite good to try to predict stock prices using ML. Given historical stock data, I would like to predict whether I should buy/sell/hold stock in the next day. I have few questions regarding this problem: + +1. Is buy/sell/hold labels for classification a good way to formulate this problem? +2. Assuming that classification is a good way to predict actions, how I should generate labels for historical data? Using some technical analysis and using lets say RSI, MACD or other indicators? How I should approach this? +3. What are other ways to model this problem, if I want to use it later in trading bot (I assume that actions would be taken daily granurality)? + +Also I would be grateful for any tips/resources on how to start this project. Sorry for newbie post, but things are not clear for me yet :) +If I quit my job, I’d lose health insurance. I’m from the U.S. , so its pretty expensive here. And I’m not so sure about the quality of the social med care programs. What plans do you all have? Am I wrong about the social programs? Is anyone taking out independent health insurance? + + +EDIT: Has anyone looked into joining the military Reserves for their low cost health insurance? Once you retire from you day job, you can still be in the reserves to take advantage of their health care +This is something that I can't figure out. What is the advantage? + +If you're going to spam a mini-lot 20 times, why not just open a larger lot size? + +Is it an easier way to take partial profits? +Hi everyone, this is my first post so go easy on me! + +I'm very new to trading and I have only been doing it a week or so. I got extremely lucky on my first week and grew my account by around 70% due to some very well timed trades on Facebook and Boeing stocks. + +This got the attention of my account manager and he has been constantly calling me trying to get me to increase my position size on my trades. + +I have been working at a risk of about 1.5-2% of my capital but he's suggesting I place trades that could risk up to 20-25% and without stop losses. This seems like a very poor strategy and goes against everything that I have read and watched on the subject. + +I suppose I have two questions... + +Am I being given poor advice? +And if so why would he be telling me to put a huge percentage of my account at risk? + +Sorry if I have missed out any important details, I will be happy to fill them in for anyone interested in offering advice. + + +I am happy to give 10% to anyone who can help get my coins back. This is a follow up to my last post owed $20,000 when I had mentally hit rock bottom. My pending bitcoin withdrawals have obviously increased in value since my last post. They have locked my account, don't reply to emails or tickets. How can these guys continue to operate!!! I bought bitcoin under $100 a few years ago and I probably won't ever see it and I'm shattered. Please help :'( +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Mainstreet Investment, LP, a Cayman Islands limited partnership, is issuing a digital token security, the Mainstreet Investment Token (MIT), as part of an overall private equity investment fund that will be powered by the Ethereum blockchain. The fund’s general partner, [Intellisys Capital, LLC](http://intellisys.ai), a Cayman Islands limited liability company, is led by managing member Jason Granger, Charlie Shrem, CTO, and a veteran team of finance and management professionals. + +Charlie and Jason will be addressing your queries regarding Mainstreet and Intellisys on Friday, February 3rd starting from 8:00 EST / 13:00 GMT. You are welcome to submit your questions as soon as you see this thread, they will all be answered during the AMA. + +We’d like share more about what we're trying to achieve in paving the way for tokenized assets on the blockchain and develop yet another use case for the Ethereum smart contract functionality. We see that there's an exciting future ahead of issuing digital securities for decentralized investment in markets across the world. + +The fund will invest in U.S.-based, middle-market operating companies, fund of funds, real estate and blockchain technology, opportunities that are not available through traditional investment channels.The MIT will be the first asset-backed digital security for a private equity investment fund. Our registered token holders will receive cash distributions originating from the companies we acquire through the fund. + +**The token sale starts on February 13. Find more info at:** + +* [mainstreet.ky](http://mainstreet.ky/). +* [intellisys.ai](http://intellisys.ai) +* [Sanitary Waste Prospectus](https://issuu.com/vanbexgroup/docs/intellisys_prospetus__1_final_draft?e=26945812/42698439). +* [Slack](http://slack.intellisys.ai) +* [Forum](https://bitcointalk.org/index.php?topic=1718169.0) +* [SubReddit](https://www.reddit.com/r/IntellisysCapital/) + +**Verification** + +* Charlie Shrem - u/bitcoin_charlie - [twitter.com/charlieshrem/status/515926422167515136](https://twitter.com/charlieshrem/status/515926422167515136) +* Jason Granger - [twitter.com/jason_granger/status/827221131925004288](https://twitter.com/jason_granger/status/827221131925004288) +TL;DR- Is the market way too volatile and unpredictable to begin my option selling career? + +So I have been studying the market for a couple years now, been doing different strategies, mostly paper trading. But I've been liking option selling strategies ALOT. I'm not looking for homerun trades. I like the risk definition of credit spreads and iron condors. + +I've been reading Option Trading Crash Course and The Option Trader's Hedge Fund, as well as researching on Options Alpha and other sites. It seems like these strategies center around high probability trades and managing losses. I've been practicing on paper trading with credit spreads and iron condors, and want to try starting with 3k, placing only very small trades (less than $100 risk each trade). I want to practice getting into and out of real trades, experiencing things like slippage and managing all that. + +Should I wait for the market to calm down before starting? Will the ups and downs jack with my results so much that I will learn bad habits or weird expectations? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I have noticed Americans have access to privacy.com - a service that lets you create/cancel virtual debit cards. I saw Apple pay and Monzo bank in the UK also offer similar facilities. + +I imagine this is massively useful for managing subscriptions as you can generate a debit card per subscription service and cancel them as required. + +Is there such a service available to Australians? +Back in november last year, creditcorp tried to slap me with a debt for a phone bill back issued in 2016, except, that account was already closed months before that bill was issued and there was some conflicting information (wrong address, phone number and email, the only thing right was my name and that I had an account with Optus up until some time in 2016) + +Long story short, I suspected an incorrect debt and asked them to prove that the debt was valid and that they had the right person. I asked for the original contract and application forms, as well as all bills and any identity they had. That was in December, and I gave them 30 days. Two days ago, I finally got a reply. They attached a screenshot from some Optus program that had my name, another incorrect address, and the email was NOEMAIL@OPTUS.COM.... sounds pretty cooked. I sent them a nicely worded version of "fuck off, you've got nothing, you're obviously chasing a false debt, don't contact me again". + +Now I have another reply from them asking to get in contact with me to settle the debt. How about no? There's no contract, no I.D, no application forms, literally zero legal documents to show what I signed or when or how it ties to this debt they're chasing. + +So, what's my next step? I can't really afford a lawyer or anything, but there's no way in hell I want to get pinned for a debt on pretty shady evidence of debt ownership. Surely there is some federal level legislation that prevents continuing pursuit of a debt that hasn't been proven? Especially when the response to the request for proof of ownership is 5 months late... +The recent run on property prices really has me worried. + +Sure COVID has seen demand shift more towards standalone houses in outer suburban areas. + +At the same time our income growth is stagnant - the current upward price trend seems predominantly fuelled by FOMO and record low interest rates. + +People are taking out bigger than ever mortgages based on recent offers of 2-4 year Fixed Rate loans at 1.99% etc. + +Problem with this is that this 1.99% rate is only temporary and is only funded by the RBA as part of the COVID response measures. The RBA is eventually going to stop this, most likely within 2-4 years. Banks will withdraw these sub 2% loans from the market as it will no longer make sense for them to do. + +In addition to recent inflationary pressures being faced - there is a high chance that the cash rate may be increased as well in a similar timing. + +If these scenarios play out this way - a lot of people that have taken out milllion dollar mortgages will see their repayment increase significantly. I don't believe a lot of people can afford 20-40% increase in repayment costs to a $1m loan??? + +Am I delusional? Or are my worries justified? +How do I establish my bottom price? (If course i won't tell agent). How do I know when to take an offer or keep the place on the market? What are the tricks do I need to be aware of? +Experiences welcome +House is in middle ring Brisbane. +I always see advice here to hire a good CPA for high income folks. I live in VHCOL area and work for a FAANG company. Last year my AGI was around $1.5M and it will be around $2M this year. All of this income is W2 income (base+bonus+vested RSU). I ended up with total tax rate of ~43% (Fed+CA) for 2019. My not-so-expensive CPA tells me that there is absolutely nothing that he can do to save on taxes if all of my income is on W2. If he is correct, is there a point in me looking for a “better” CPA? +I have lost count of the times I have seen people comment saying BTC and ETH are too expensive to invest in and it does not make financial sense to invest in something valued so high. This is generally followed up by individuals saying it is more worthwhile and financially sound to invest in cryptocurrencies under $1. There is a believe that this will have a chance of doing what BTC did and 50000x in price. This is of course fundamentally flawed. + +There is only 1 area of this logic that I can agree with. It is similar to small cap stocks/penny stocks. They have MORE room to grow in the sense they are VERY early on and if it is an extremely solid project and marketed right, this has more financial reward. HOWEVER, and this is a monstrous HOWEVER, actually successfully picking this gem of a project is extremely difficult and the sheer number of these projects that are scams, shitcoins is high. Look at the number of alt coins from the 2017/2018 bull that have disappeared and they were highly regarded in the space. And even if you pick a fantastic project, it doesn't even mean it will succeed. People leave jobs, marketing fails, the public don't invest etc. + +Ultimately, it doesn't matter what the price of the cryptocurrency is. You don't have to buy a WHOLE BTC or ETH. if you have 1 BTC or 0.01 BTC, a 100% gain is still double your money. This is the same for a 100% gain in BTC valued at $57000 or VET valued at $0.20. Both would net you the same profit. And no, VET is never going to get to the same price as BTC, that would literally require astronomical amounts of investment to do. + +If you are a new investor, and actively investing in this space. Please don't make this mistake. Don't let greed and a fantasy of a better life blind you from reality. A low-price coin does not give you better odds of making better returns, more often than not, I'd actually argue it will give you less. +Coinbase just added Bitcoin Cash to their service without any announcement. There is clear evidence of insider trading which should be outrageous enough on its own but I feel like people are missing the other part of this. Coinbase, the largest exchange in the US, geared towards inexperienced crypto investors, just added a new coin to their service without warning. + +We knew it was coming but it’s unacceptable that the date and time was not announced well in advance. This is market manipulation and this should worry a lot of people. BTC crashes and BCH gets pumped to the point where Coinbase feels the need to halt trading. What did they think was going to happen? I’d like to chalk it up to incompetence but all the evidence points to incredibly shady behavior. We should expect and demand better than this as a community and I hope the SEC or any other relevant regulatory body investigates Coinbase thoroughly. + +EDIT: It’s shocking and disappointing to see people justifying insider trading and market manipulation. Saying they’re going to release Bitcoin Cash “before January 1st” is not even close to the same thing as specifying a date and time in advance to the release. You don’t have to take my word on how this created mass instability in the market. Just look at the last four hours. + +EDIT 2: The point is Coinbase should have been transparent and they weren’t. If they had been specific with the timing, you wouldn’t hear people complaining. + +EDIT 3: http://www.bbc.com/news/technology-42425857 BBC article citing exactly what I said about insider trading. + +I’ve received so many responses saying that we “knew it was coming and you’re just salty you missed the boat” and “you’re clearly just a BTC shill.” The assumptions about my motivations for this are borderline insane. This has nothing to do with me being salty about not buying BCH as everyone has (unnecessarily) repeatedly said that I could have bought a long time ago. It’s almost as if this has nothing to do with me making money and everything to do with transparency and fairness. + +Announcing a specific time matters. It reduces uncertainty and gives the people participating in the market the best opportunity to make decisions. In what world is transparency a bad thing? + +EDIT 4: And now a Yahoo finance article + +https://finance.yahoo.com/news/leading-crypto-brokerage-coinbase-fire-possible-insider-trading-bitcoin-cash-162147599.html + +EDIT 5: So people are saying that they did announce the release (they didn’t no matter how much you’ve deluded yourselves into thinking that they did) and also that if they had announced it, it would have spiked anyway. So which is it? Cause it can’t be both. + +BCH would have certainly spiked both at the time of announcement and at the time of implementation but because uncertainty is reduced and the road map is clearly defined, the market has a better way of dealing with it and anticipating it. Announcing the day and time trading begins does not shock the system in the same way that allowing trading without warning does. + +Also are we just ignoring that they allowed trading with no liquidity causing the price to skyrocket and people to lose money in buys and arbitrage attempts? Why are some of you bending over backwards to defend at worst, fraud and at best incompetence? +The strain of being innovative whilst trying to maintain access to the money markets is beginning to show on Musk. Who of all the entrepreurs in our age, epitomises a frontier spirit in how he approaches innovation. [https://www.cnbc.com/2018/08/17/tesla-tumbles-3point5-percent-ahead-of-elon-musks-reported-meeting-with-sec.html](https://www.cnbc.com/2018/08/17/tesla-tumbles-3point5-percent-ahead-of-elon-musks-reported-meeting-with-sec.html) +THE NEXT TWO WEEKS + +Dearest Autists and Apes, diamond hands, diamond tits, diamond balls, one and all. + +I come to you today, NOT to foretell the date of the MOASS, for while its certainty is assured, its timing remains shrouded in mystery still, even to those magic-8-ball wielding wrinkles who have revealed the way so often in the past. + +My purpose today is speak to the coming two weeks during which the banana augurs foretell ape resolve will be tested by those who would profit from cowardice. The DRS siege is working - faster than any could predict. Ape actions reverberate throughout the market, the ripples of which grow more powerful by the day. Few alternatives remain for the enemy. For months they have been able to cover (not close - but cover) their short positions through a series of loopholes that are now denied to them because apes finally took control of their shares. With few options remaining, the psychological attacks will increase. And there is one in particular they have reserved for just this moment. The moment apes break through their defenses and are just moments from breaching the Citadel. + +I do not know what the shape this FUD will take. It could be positive and lull apes into a sense of complacency. It could be urgent and insistent, encouraging apes to act without fully considering the consequences. Either way, it will be crafted so as to undermine the three principles that guide an apes actions: + +BUY +HODL +DRS + +How do know this, you may ask? I know because of the work of apes who have gone before me and documented the many tactics of psychological warfare. I also know because of the observations of three ape scouts: u/vagabond_hospitality, u/phonemonkey2500, and u/the-doctor-is-real. + +These three apes have uncovered vitally important information that will help us form expectations about the weeks ahead, especially the dates of September 29 to October 7. + +The first documents job opportunities for shills between these dates. + +SHILL JOB ADS + +https://www.reddit.com/r/Superstonk/comments/pvc5t8/it_has_been_shown_how_the_hedgies_are_planning/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +The second announces a closed door meeting with top SEC officials that occurred last Friday to discuss a variety of enforcement activities. + +SEC ENFORCEMENT MEETINGS + +FRIDAY, Sept 24 +https://www.reddit.com/r/Superstonk/comments/pvc46g/the_sec_had_a_closeddoor_meeting_yesterday/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +MONDAY, Sept 27 (the SEC general counsel will attend!!) + +Go to the jungle and search sunshine. Auto mod won’t let me post. + +Something is afoot, apes. Sideways, up, or down expect the next two weeks to be eventful, and full of news and illusions.but I fear no evil because apes are true autists - and most forgot about the sell button in January. + +TLDR: this is not financial advice. I eat crayons. I will also be buying, hodling, and drs ing for it is the way, especially during the next two weeks. + +See you on the moon, fellow autists. +Hi all, +I had an interesting thought this morning and would like to get some feedback on the idea. + +Say I bought 1 unit of some crypto at a price of USD$100 and then saw that the Euro price was EUR€85. This would represent a EUR/USD exchange rate of 1.1764, while the actual exchange rate (at the time of this post) is 1.1811; from what I understand, this is a fairly sizable spread in forex. If I then went from crypto to EUR, I would have effectively bought into EUR at this lower exchange rate and made some money on arbitrage. + +My plan ATM is to create a package in python that would scan through a list of crypto exchanges, returning a list of the most favorable exchange rates for USD/X (X could be GBP, JPY, EUR, whatever). It would also be connected to Oanda, comparing these currency pairs to determine if there is an arbitrage opportunity. If so, a USD -> Crypto -> X trade would be executed on the crypto exchange, then an X -> USD trade would be executed on Oanda + +Is there something I'm missing here? Part of me thinks that adding the extra element of forex is just overcomplicating things, so I wanted to get some feedback from you all. I also realize that transaction fees would cut into my profits, but large trades could deal with that issue somewhat. + +Thanks in advance for the help! +I took a $8,000 cash advance on my credit card since I was hell bent on buying ETH under $2200. Did a balance transfer to another card which gave me 12 months 0% APR. Just paid it off with my earnings from SOL in 4 months. I can afford 1k a month to invest. Should I do this again? +I have savings, about 10x the remainder of my car loan. My APR is 4% on the loan. I have a mortgage and no other debts. I do use a CC to accrue airline points (will I ever use them?!) and to keep the credit cycle alive in my life; I pay the entire balance every month. +Can I take a small portion of my savings and invest? I’m pretty scared of financial crisis so I’ve been sitting on my savings. TIA! +So I have to refinance within a year to get my current spouse's name off of the mortgage. I owe 170k on the house. I'm currently on a 30 year fixed at I think 3.25% which is around $980 a month. I'm soon to be a single father who makes around 55k-60k per year. I don't have a car payment and pretty much no debt. However, I'm considering getting something to drive more gas friendly as I have shared custody and drop off and pick up my child frequently through the week and every other weekend. I know mortgage rates are high right now and I fear how high they may go over the next year. I have 40k in savings, 5k in a Roth Ira,1k in robinhood, 4k in cash, and about 150k in 401k. However, 20k will be awarded to my spouse at time of refinance. My child support will be about $60 per month. I'm just trying to make sense of all this and attempting to set myself and my child up for optimal financial security in the future. Thanks for any advice. Oh yeah, Happy Thanksgiving! lol +[EDIT] Thanks to helpful observers, I've revised my question from asking about "estate plan" to putting assets in a "trust" + +Howdy all - wondering if I need to put my assets into a *trust* if I've specified beneficiaries on my financial accounts (401k, investment, life insurance, etc.)? + +Most investment accounts seem to be flexible in specifying primary, secondary, and tertiary beneficiaries, with percentages. + +My only other asset is my home, which I own jointly with my partner, so if I pass away, they'd get the house. + +In case it's relevant, I've got about $500k in various investments and insurance plans, all of which allow beneficiaries to be designated. + +Thanks! +Rundown. + +I'm 30. I have a 6 year old and residing in Austin Texas. Currently renting, and I have 100k to spend. I'm looking to purchase a house outside of the city. Prices for homes here are 300k + while small town homes are affordable outright cash in hand. I do not see myself paying a home off long term 15/30 years nor do I want to. My occupation is welding. The way I see it, I'd like to purchase a home and not have to worry about mortgage, the only payments I'd have to make would be Taxes/Utilities/Groceries. Does anyone have any experience with something like this? +Hi, + +I am currently 25 years old with a stable w2 job making about 80k a year. My father also works making 70k a year. We recently bought a house with an approved loan. I will have to pay about $2k a month paying the mortgage and other expenses. My dad will also contribute, we are the only 2 working in a family of 4. At the moment I have $30k in the bank. I do not have a roth ira or 401k from my company but they do offer it. I thought I needed more cash on hand since we bought a house. We are going to rent out the apt we own for about $1600 a month. + +I don't really spend much and don't really have any plans to spend big in the future. I have never invested but I am reading up on it. I see people in their early 20s saving a lot and having a lot of money. Feels kind of bad not keeping up. + +What should be my next steps or advice to grow my finances? + +&#x200B; + +Thank you +Hi guys, + +Been a lurker for a bit and recently have been frequenting this subreddit for any advice. Wife and I have about 13k invested right now with the bulk of it into wealthsimple. We have 30k ready to invest and are thinking about investing into VFV, XEQT and some TSLA possibly. We are also thinking of pulling out of wealthsimple and buying our own index that was suggested in CanadianCouchPotato. + +Any advice would be greatly appreciated +I would love to read any comments on this ETF. + +Some things I’m interested in: + +1) The benchmark (Solactive Global Technology Leaders Index) + +2) Diversification and Risk + +3) How it compares to other ETFs that seek to track innovative tech (e.g, ARKK) + +4) Concerns of a tech bubble +I think some new investors are under the impression that ETFs are a "safe" way to invest, in the sense that there is little chance for loss. That's simply not true. + +[Rather than blab on, here's a good short discussion of this](https://www.bnnbloomberg.ca/investing/video/terry-shaunessy-discusses-eark-etf~2096966). The video starts with a question about [EARK](https://www.morningstar.ca/ca/report/etf/analysis.aspx?t=0P0001I4ER&lang=en-CA), but then moves into more general advice and a discussion of how some ETFs have become more niche, specialized, and narrow. Interestingly, the question about EARK was asked at the beginning of Dec 2021 when the price was about $24. It has since **dropped** to about $15. + +As always, do your research, and good luck! +You are here for tech? Fine. + +You are here for money? Fine. + +You are here for revolution? Fine. + +But why are you still here if you don't even take the chance to own your crypto? Why transfer your money to shady people like Vlad. Why trust them? + +People like CZ, SBF are becoming billionaires because we let them take the idea of crypto and turn it against us. We literally take our saving and create those "big guys" we then want to fight. + +Fuck them. Let's use this "crypto winter" to actually achieve something. Let's make those CEXes obsolete. By simply using crypto as it was intended to. + +By owning it. + +&#x200B; + +https://preview.redd.it/47yk5jzh3qz91.png?width=1240&format=png&auto=webp&s=ef5e4440a786b8b6d8fbab0938fd93f300aa8593 + [https://www.reuters.com/article/us-boeing-jobs/boeing-cutting-more-than-12000-u-s-jobs-thousands-more-planned-idUSKBN2332EP](https://www.reuters.com/article/us-boeing-jobs/boeing-cutting-more-than-12000-u-s-jobs-thousands-more-planned-idUSKBN2332EP) +Everyone's got a crypto "If Only" story, so let's hear them. I have two... + +&#x200B; + +**Story 1 - Dash** + +Firstly, I had 2717 Dash coins back in September 2015. They were worth about $2.40 each back then. + +During the bull run of December 2017, Dash peaked around $1500 per coin. + +DO THE MATH. + +What did I do with the coins? Well it's simple. They were stored on [Cryptsy.com](https://Cryptsy.com), that got hacked in 2015. + +That bull run hurt me, a lot. + +&#x200B; + +**Story 2 - Dogecoin** + +This one doesn't hurt as much for some reason, perhaps it should? + +I used to mine Dogecoin back in 2014. Had a bunch of PCs all mining away. Used to buy some too. + +At one point I had a wallet with 20,000,000 doge in. + +Sold the lot as for Litecoin I think, as back then Doge wasn't really worth much and didn't have anything seemingly going for it. A single Dogecoin was worth about $0.00022. + +DO THE MATH. + +&#x200B; + +&#x200B; + +**Anyone beat them?** +What companies do you guys project will be around, growing revenues, and growing dividends in 100years? I'm thinking nestle, tesla, pall, and meta (fb) + +I think all are setting themselves up for or have a model that has a long tail to subside on. + +We have been debating this back and forth for a few weeks, thought you guys might be able to give us some perspective. Hope it's allowed on here - it's house related, but more about how we focus/prioritise our investments. Thank you in advance for reading and advice. + +We are a couple with a toddler, thinking of having another baby in next year or so. We live in a commuter town near London, UK, with good schools and lots of amenities that mean this is a pretty strong and seemingly resilient corner of the housing market. Husband has good job that seems secure and makes a little over £100k, while I am SAHM (with plans for small side business, but I'll remain a SAHM for a few more years). Our only debt is the remains of my student loan and our mortgage. We have a modest investment portfolio. + +Bought our current home eight years ago for about £300k. It's now worth around £400k and we owe £200k on the mortgage. If we stay here, we need to replace the kitchen and get other work done. It's a three bed house, but one of the bedrooms is quite small and we use it as an office, so we're effectively a two bed house - one for us, and one that's a nursery. It means we're not able to host friends and family, which is a blessing and a curse. There isn't much outside space and the garden is not safe for the toddler, and the house in general isn't very child friendly. There's also a limit to how much we want to spend improving the house, because it feels like there will be diminishing returns. + +The housing market around here has been getting steadily more expensive, and it's pretty bonkers. + +On Saturday, we're set to view another house that we really like. It's on the market for £650k. It has four bedrooms and a study, plus more storage, and the layout and garden seems like it would work well for this next stage of life. Extra space would mean we could host loved ones and have space for another kid. + +We can shuffle our finances around a bit and think if we stretch, we could afford it, and our loan to value ratio would be about 70%/30%. Looking at mortgage calculators, our mortgage repayment would be about double what it is now, which we are pretty confident we could afford. (Long term fixed rate - this would protect us from further interest rate rises?) + +We are quite risk averse people and are very conscious of the increasing cost of living and trajectory of bills, etc. We don't want to over extend ourselves and end up super stressed by money so are feeling cautious, but we want to live the best life we can. We have started work on a budget, but need toddler free time to dig through records. + +The question we keep coming back to - in the present day, is it better to own more of a cheaper house and have lower mortgage repayments, or is it better to own less of a more valuable property and have higher cost of living and a better quality of life? + +How do you go about deciding what investments to prioritise, and how do you factor quality of life into that? Do you have any recommendations on things we should read? + +Please let us know if you need more info. Thank you! +My parents own a house in Northern Virginia and over the past 12 months, have seen their house price spike similar to the rest of the country. They are not planning on selling; however, their property taxes are spiking too. All this means to them is thousands of dollars in higher property taxes with no new income to pay for it. + +My question is: if very high inflation takes shape in the next couple of years, and house prices continue to rise, do you think we will see homeowners sell their properties out of desperation, unable to pay the taxes on them? +- I'm so sick and tired of the Dude-Bro entrepreneurship gimmicks, confetti and fluff that I get solicited with on YouTube. "You too can become rich in real estate with no money down, a low credit score, and creative financing . Just do the mailer, the cold-call then the wholesalez!" It's pathetic if you ask me. Most of the people that buy these guru courses are better off stuffing their emergency funds or investing in themselves. + +- I was hoping someone could recommend a list of highly technical books on real estate investing. Textbook recommendations will suffice. +My wife and I are in the process of doing a cash-out refi on our primary residence in Utah. We owe about $129k and the house is valued around $290k. At 70% LTV I can borrow $73,500 at 3.125%, 30-year fixed interest rate. We can potentially borrow up to 85% LTV, around $117,500 although it may increase the rate by 0.5%. + +Our plan is to borrow $73,500, put 20% down on another single family residence that would cost around $250-275k (in Charlotte, NC), put the additional funds into savings, and rent our current residence for $1,500/month. Our current escrowed mortgage would increase from $895 to $1,056 per month. The monthly amount that would go toward paying the escrowed mortgage on our current residence is $740. We would charge $1,400-1,500 for monthly rent on our current residence. No repairs or updates are needed at the moment, as we initially intended to sell the home, and put about $60k and hundreds of hours of sweat equity in the home over the past 5 years. + +After reading this sub, and reading the Cash Flow Quadrant, I’ve started to think that perhaps I should pull out as much cash from this home as possible ($117,500), purchase an investment property (duplex?) using cash, find tenants to occupy the property, wait a few months and seek delayed mortgage financing. After obtaining financing, I would purchase another primary residence, then rent out this home. This method would allow me to purchase an extra property using the equity I already have in my home. + +I’ve also heard about going the lease-purchase route, or doing something similar where I could only put 10% down and purchase several additional investment properties. What advice would you give me, based on the information I provided? I’m happy to explain my situation in more detail. +In my area housing prices went up 18% in just 6 months, the picture isnt really different in other parts of the western world: + +It is impossible to purchase a place to live without taking a credit, which you might not even pay back until you die + +Investing into things your bank recommends as "good" choices sometimes does not even beat current inflation + +So what other option do young people have except investing into Cryptocurrency? + +With no option to even earn enough money with classical investments, old politicians are in no position to now criticize young people for going into Crypto and actually earning something for their investment, because they helped to create this situation in the first place + +[(source on housing prices)](https://www.wiwo.de/finanzen/immobilien/hauskauf-immobilienpreise-steigen-um-bis-zu-18-prozent-jenseits-der-metropolen/27800746.html) +So I am trying to get approved for spreads on TOS as I want to trade tickers like the VIX (which is not listed on Robinhood which I am already approved for spreads on) but I cannot get approved for the tier/level that allows me to do spreads I am assuming because of my income level which is less than 14,999, the lowest bracket. + +So what brokerage out of the main ones (that doesn’t include Robinhood and Webull) can I use to be approved to do things like spreads on? Thanks +Edit: For people asking if they can get updated data, I regularly tweet this data out on my twitter account, @piggyterminal the tweet is automated from my scraper data. (mods sorry if this is too promotional, happy to remove if it's against the rules) + + +Edit 2: Someone pointed out, these are OPEN orders, not necessarily filled. Data source is barchart.com and is delayed by 20 minutes + +Let me know if you guys enjoy this kind of information. + +------------------------------------------------------------------------------------ +NAME SIDE STRIKE EXPIRATION VOL/OI COST + +HTZ Call 6.00 01/15/21 (254 DTE) 86% $3,052,350.00 + +UAL Put 15.00 01/15/21 (254 DTE) 32% $3,396,231.00 + +HTZ Put 1.00 01/15/21 (254 DTE) 27% $3,055,500.00 + +AAPL Put 302.50 05/08/20 (2 DTE) 18% $3,029,740.00 + +BGS Call 2.50 05/15/20 (9 DTE) 16% $5,329,324.00 + +------------------------------------------------------------------------------------ +Top Options order by cost: + +NAME SIDE STRIKE EXPIRATION COST + +BYND Call 120.00 05/08/20 (2 DTE) $24,856,132.00 + +TSLA Call 770.00 05/15/20 (9 DTE) $17,281,250.00 + +BYND Call 115.00 05/08/20 (2 DTE) $14,110,068.00 + +TSLA Call 775.00 05/08/20 (2 DTE) $11,351,060.00 + +TSLA Put 770.00 05/08/20 (2 DTE) $7,787,950.00 + + +------------------------------------------------------------------------------------ + +By DTE and Cost + +NAME SIDE STRIKE EXPIRATION COST + +BYND Call 120.00 (2 DTE) $24,856,132.00 + +BYND Call 115.00 (2 DTE) $14,110,068.00 + +TSLA Call 775.00 (2 DTE) $11,351,060.00 + +TSLA Put 770.00 (2 DTE) $7,787,950.00 + +NFLX Call 440.00 (2 DTE) $7,724,400.00 +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +&#x200B; + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +&#x200B; + +\* Financial goals and investment time horizon. + +&#x200B; + +\* Commentary on the reasoning behind your current and desired allocation. + +&#x200B; + +The more information you can provide, the better answers you'll get! + +&#x200B; + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please \[message modmail here\]([https://old.reddit.com/message/compose/?to=/r/CanadianInvestor](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor)). + +&#x200B; + +\--- + +&#x200B; + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +Curious if there’s a big difference in how larger portfolios should be handled… + +Is the approach very different? + +On a bigger portfolio, does it still make sense to just buy an all-in-one ETF and keep things really simple? + +What are some things you’ll want to keep in mind if you’re dealing with larger amounts? +i realize this is my own bias, don't think I'm a prophet or anything, but all my friends/fam are saying they are going to party/travel/indulge when all this is over. Wouldn't it be smart to invest in like booze companies right now? Or travel/entertainment etc... Obviously no one knows for sure but seems like a smart move. +I'm not even talking about private groups, like Brookfield or SmartCentres, but infra funds like Oxford Properties or Cadillac Fairview, owned by large scale Canadian pension funds. + +Looking at [this list](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.peievents.com/en/wp-content/uploads/2019/10/30_10_2019_IIGS-Whitepaper.pdf&ved=2ahUKEwjEx6PRxr7zAhVcMlkFHQylAgUQFnoECDMQAQ&usg=AOvVaw0o4sg1hnDZdO_7HNFWPIV1) detailing the largest infra investors in the world, Canada has disproportionate representation- one would think US asset managers and hedge funds or Chinese state banks and construction conglomerates would be dominant, but they're not- Canadian pension funds are. + +Why is this? + +Why do Canadian funds have a tendency towards infra investment? +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 +So many analysts have been saying lately that the market is heavily over-valued amid the pandemic and is due for a crash or major correction at least. In all honesty, they themselves are not sure what's going to happen and are simply rolling the dice, hoping that the outcome will be in their favor so that they will be given astounding credit in the media just in the case the market does fall, which it won't. + +The government is printing more money in a matter of days than it has in 10 YEARS. Money supply has gone up so fast and the market is going up an insane amount for the same reason, accounting for the huge deflation in the value of the currency. I hate these analysts with every fiber of my being because they think that they can time the market, but they know deep inside, that they are wrong and are misguiding everyone. This can't be compared to the 2008 crisis because the fed and government are doing everything they can to support the ETFs by not only printing more money but also putting in policies to make this a fail-proof market. Why don't people understand that the government is printing money so that normal retails investors keep pumping money back into the market? This was all part of the corrupt government plan. The stimulus check is meant to save people who don't have jobs, but the government is literally giving it out to the people who DON'T need it. I know so many people who have enough wealth but still got the stimulus check. Guess where they put the check? INTO THE STOCK MARKET!!! The only way for the stock market to go is up. If you still don't believe me, keep waiting and missing out. This is the best and safest hedge against inflation. + +As always, the poor people that don't invest NOW will be left out in the big game of investing and later on realize the grave mistake they put themselves in. The rich people always benefit and the stock market is living proof of that. + +&#x200B; +My parents live in a suburb of Chicago and, until recently, both worked full time without any plans for retirement. To my knowledge there just hasn't been enough money to save for that, they just expected to keep working and make ends meet. + +My husband and I (both early 30's) live in Indianapolis. Not wealthy, but enough to have savings of our own and we bought a house two years ago. We also both work full time. + +With the news today that my father lost his job, I don't know how they will manage. I am helping make payments on my brother's school loans, as well as giving money to my parents when things got tight (car repairs, water heater replacement, etc.). +I'm worried about their wellbeing, if they can continue paying their mortgage, if anyone will even consider hiring a man in his late 60's. I'm also nervous about becoming a supporter of my parents, when my husband and I have just started talking about kids of our own. +I'm going to visit them this weekend. How can I best prepare to talk to them about finances? What do I need to consider to help make sure we all stay secure financially? + +Sorry a bit rambling, but a lot has been running through my mind today with this news. + +TLDR: Father lost his full time job that both my parents depended on to make ends meet. How can I prepare to help them if needed, but also make sure husband and I stay stable? + +EDIT: I'm not paying my brothers bills, sorry I made that unclear. My parents took out a loan for him under their name, and that's what I help with. I paid off my student loans two years ago, so helping with theirs didn't change my budget I had originally set. Just moved the payments to my parents. + +EDIT2: thank you all so much!! My parents have done/ do so much for everyone else in our community, and I don't want them to feel alone. This is some great information that helped calm my fears some, and a lot I can talk to them about. +I… am beyond stoked and HAD to share some news! \*a clever remark about my tits! + +&#x200B; + +https://preview.redd.it/hkruwmfljqk91.png?width=640&format=png&auto=webp&s=fe71c480c697af69a5cf0c86f34b25758234662d + +&#x200B; + +I've gone dark on social media for the past year +. However, knowing some things I know, I think it's time I come back. + +I’m a cinematographer/photographer from the Northwoods with a passion for storytelling, changing the status quo within the space, and ultimately...community. + +The NFTs we will be starting to drop soon will primarilyand ultimately be UTILITY driven as we desire to aid in expanding the perspective of the culture on what NFTs can really do. The goal is functionality and not simply photography and film that you consume with your eyeballs. + +The next few weeks will be implementing some of the foundational steps toward building some...thing(s)…that I’m darn excited about! + +I'll be dropping some road maps along the way and ultimately look forward to hearing feedback from y’all every step of it 🤙🏾 + +[www.instagram.com/northwoodsmurphy](http://www.instagram.com/northwoodsmurphy) to check out my "pre-web-3" work (not a plug, giving context) + +Stay Inspired, + + Kopheus +My parents are nearing retirement age and can barely make a single dent in their debts and bills. My dad is exhausted everyday and I can just see the weight of the debt burden weighing him down. Unfortunately we don’t qualify for government help. + +As much I’d like to move out, I live with my parents to cover a majority of their rent, but after paying for rent and several other bills, I don’t have much to provide for them without wiping out the small amount I have in my bank account. I’m frustrated that I can’t help them out more. I’m tired of seeing others flaunt their wealth and take frequent vacations while we’re scraping by. I want my parents to be able to retire and for them to have their own house without worrying about rent or paying off medical bills. + +Edit: Thanks for the words of encouragement. I can’t respond back to everyone because I’m at work, but I appreciate y’all for taking the time to comment. +46Years old, Near FatFire (not super-rich, FatFire target 7M, live in HCOL), planned to reach there in next 3-4 years. Have been traveling in coach all my life and now planning to explore business class travel for Europe or Asia bound flights from the US. Does not work in a consulting company so little business travel (3-4 domestic trips per year). Never bothered for collecting and managing the miles as have been using google flights to book flights that are cheaper with any airline (except the budget airlines). Now planning to use United Airlines more due to their direct flight options to Asia. + +Should I explore the world of collecting the mile through credit cards like United Airline Card or Chase Saphire Prefered etc. to earn miles for business class upgrades or just book the business directly? Is learning the mile game worth the time spent on it? I did try to see how much miles need to book ticket for asia on United business and it seems you need 150K to 300K miles for one side. That seems a lot of miles and seems will require good amount of hassle to earn that. Just curious what other FatFire fellows do for business travel? What are the best ways to earn business class travel? +With the higher tax credits I’m been thinking about starting a small scale solar farm. I live in Louisiana but energy rates are fairly low here so CA seems most promising. I can find a few acre of land with what looks like a power hookup from 30-40k. I’m not sure the cost of panels in CA but using prices here probably looking at about break even with some kind of 20-30 year financing at 5% for land and panels. The driver is getting the full 60% credits. In CA if you’re under 1MW of production it’s the same rules as residential. Looks like over that, and especially over 5MW, you’re paying much more fees and subject to more rules. Anybody been looking into this? +It’s too late for many, especially those who haven’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) +Hey all, +Let me start off by saying; I've always been a saver and an investor and been following this sub for the past few years and in that time I've saved a lot of money. I've always been good about saving my money by not eating out, cheap meal prep, and having cheaper hobbies. Starting this year, I got into my a new job and make some great money and have very little expenses. I am very lucky and very grateful that I am still able to work despite all of the circumstances. With my job, I can invest about $2000 a month, and spend about $500 a month on expenses here and there, but I live at home and want to buy a house/ duplex to rent out in the next year or two, that's my goal which I can see it quickly approaching so long as I stay the course + +As for the last few months, I've been working hard, extremely hard, and finally got some time to use a few vacation days for a much needed break. I'm really into cycling and I bought a new bicycle (approx $1300), but I struggle with the willpower (if I can even call it that) to forgo the money I could be saving/invest for something for myself. It's not that I won't make the money back but I always feel a guilt when I could be saving despite being able to afford it. + +My goal to FIRE is a long one, but how do you stop and smell the roses and enjoying your money from time to time? Do you set savings goals to spend money? Do you allow yourself weekly expenses eating out and taking trips? +Thanks all. +Long story short, while we are not 100% FI yet, spouse and I are in an *excellent* position so far -- own our home outright, have (low) seven figures in savings in both pre- and post-tax accounts (although VHCOL area) not counting 529s for kids, and spouse's job has ironclad health benefits. Windfall to come in a few years due to family generosity which would mean genuine FI, and this is not speculative (i.e. the paperwork is done and I have it). + +We have two young kids, and our district will be doing a hybrid model to start. There needs to be an adult to help the kids with the remote part -they are too young to do it themselves, period. We have no plans to hire someone, spouse must work in person, and grandparents are not a realistic option. + +I have been working professionally my entire adult life, but have come to really hate my job - extreme anxiety, not rewarding, and frankly, the money is no longer commensurate with the stress. I am working from home now, and will have to be the caregiver as well for this upcoming school year. My job is also not exactly compatible with being with the kids most of the day, unless I work till 2am every night. + +I feel like on paper this is a no-brainer to quit my job and focus on the kids -- and my hand may be forced. But the years of work, of professional responsibility, societal pressure to keep working/not just quit, fear of the professional unknown and where/how to get back in (not easy in my profession) and the fact that we are thisclose to having the FIRE $$ in hand due to windfall (but not just yet) are making me hesitate, or at least feel very conflicted about making peace with the fact that shit happens and I may just have to quit without being FI just yet. + +Any thoughts, support, constructive criticism, etc., is welcome. +I think for many of us, whether it is our own parents, our in-laws or an uncle or auntie - We all know someone older we care about who through poor financial choices, poor partner/relationship choices, injuries, disability or just plain bad luck has ended up with next to no financial assets and at an age where they don't have any time to meaningfully change things around. + +I think the usual scenario is as follows: + +\-Pension or disability welfare +\-Renting (No PPOR) +\-No/Very little Super + +I have had the idea to buy a shitter apartment ($300k) somewhere in a low cost of living area ($300 per week) which should in theory be possible to service on the aged pension - At market rates and also positively geared. That way we have a stable tenant who is free from landlords/property managers etc. (Has not been fun moving a 62 yr old hoarders belongings every 2 years lately). + +I know that doing business with family is generally a bad idea however, I think trying to incorporate water/gas/electricity (utilities) into the rental payment to make things as easy as possible so this person can't fuck it up is also a recipe for disaster with laziness and claiming things back from a tax perspective. + +Wealth creation isn't really a possibility, that avenue has been tried and they just don't have the discipline/blow it all on shit they see on infomercials. Its all about stability and trying to help someone before the inevitable retirement home which at this point in my case is probably 10-15 years away (still a long period of time) + +I think a lot of us have these 50-65 yr olds in our life that we just don't know what to do with to help - Interested in what ideas people have that have worked. +Earnings per share: $1.06 adj. vs 63 cents expected, according to a Refinitiv survey of analysts + +Revenue: $21.82 billion vs $20.91 billion expected + +Disney+ total subscriptions: 129.8 million vs 125.75 million expected, according to StreetAccount + +It’s unclear what percent the House of Mouse will get from the latest Marvel Cinematic Universe film, as terms of the deal between the two studios has never been disclosed, but Disney is expected to get a piece of the film’s $1.77 billion global haul. + +Investors should expect Disney to double-down on theatrical releases for its major tentpole films going forward, which will reduce cannibalization of ticket sales from day and date streaming releases. +(TLDR/Key stats below) + +Was watching a virtual conference today and a stock that caught my eye was: good natured Products **(GDNP.V)** Link to presentation: [https://ca.finance.yahoo.com/news/sidoti-virtual-microcap-investor-conference-114500823.html](https://ca.finance.yahoo.com/news/sidoti-virtual-microcap-investor-conference-114500823.html). Only 30 minutes, definitely worth the watch. + +They sell plant based packaging for all types of industries (mostly food) that is compostable. I'm all for plant based investments, especially Canadian, but hoping someone can weigh in that knows the consumer packaging or even the recycling/composting industry. + +A few key questions/concerns I have before I go into my findings: + +* Do they have any large scale plant based competitors at this stage that I should be aware about? The CEO mentioned that their biggest competition is the larger petroleum based companies. Is he just downplaying potential competitors in his space? It seems odd that he is not referencing any other smaller plant based competitors - unless there truly are none. +* He talked about downstream recycling/compostability being a concern as it depends on the municipality. Is this truly an issue as the products are compostable (they would just compost normally if thrown in with regular garbage at a dump)? Alternatively, if these products were batched in with other petroleum plastics in the recycling process (as some people may not be able to tell the difference), would this be a nuisance for local municipalities or do they typically have sorting capabilities to handle this? +* He mentioned that an appealing exit strategy/end goal would be to be acquired by an incumbent in the industry. Is this a red flag or a truly viable plan? I've heard investing hoping that the company gets bought out is sometimes not the right approach (but this may be different from a retail investor standpoint). +* If you were to own this stock when they get purchased by a larger incumbent to become their "green" line, what would happen to your stock? + +**TLDR** of presentation/key things that caught my eye: + +* They are trading at approximately 4-5x revenue, which seems extremely attractive. +* Revenue is growing exponentially - they boast a 5 year CAGR of 172% +* Their revenue grew 50% from Q3 2019 to Q3 2020 +* Their plan to expand is to acquire private packaging companies that sell petroleum based products and convert these factories over to plant based packaging products. Seems like a fast way to reliably increase sales with relatively low risk - especially if after the M&A transaction, the existing customer base is 'sticky' (given they could be competitive on price). +* Margins hover around \~35% +* Regulatory pressures will quite literally enable/force this company to be a leader in the future. +* And last but not least, the biggest finding that surprised me (I had to check the math twice): He mentioned somewhere in the presentation that he is expecting anywhere from $17M to $22M for fiscal 2020 (if recall that correctly - I cant seem to find it again). +* If you look at the chart that is shown at the 6 minute mark, the previous 3 quarters only add up to $11.3M, this means they're likely expecting a monster quarter of anywhere from $5.7M to $10.7M. Even on the low end, that's MASSIVE growth. + +Personally, I think I may buy this stock and happy to hear arguments for or against though. It seems like a strong buy but I want to make sure there isn't anything I'm overlooking. +My wife and I are DINK right now, and we both have jobs that pay well. I am 42 and my wife is 32, and we live in a VHCOL area. We have approximately $4 million in equities (mostly VTSAX and VTIAX in tax advantaged and taxable accounts), and $1.5 million in residential real estate which cash flows (split across 4 buildings and 8 units) and a commercial vacant lot. With our jobs and the real estate, we are making around $900K and saving around $400K per year. We are selling the vacant lot, which has a cost basis of about $400k for $3.4 million. The question is what do we do? + +Frankly, we don't enjoy being landlords, but we'd probably lose about $1 million in capital gains tax if we don't complete a 1031 exchange for some like-kind property. Do we bite the bullet and try to find more residential real estate? Do we try to pick up some commercial real estate that cash flows? Our FatFire number would be around $500k in passive income that I'm comfortable generating from withdrawing at 3-4% from my equities plus the cash flow from the real estate. I also unfortunately have anxiety and some mild depression that I am treated for that I am sure would be greatly reduced if I stopped working at least for a while. My wife is fine working for a while longer, unless we end up having a child, which we have considered. I'd really appreciate everyone's input on how to handle this windfall. Thank you. +Edit: **Damn!** this post hit a nerve in a **BIG WAY!** Thanks for all of the upvotes. Reading the comments you would think it should be **-803** and not **+803.** At least this proves that the majority understand what I am saying. + + +# If a twitter screenshot on Superstonk can have 40.5k upvotes. Surely the same post on twitter should have more? + +First off I am also guilty of this because I am a lazy ape. But let's encourage each other to support those doing great work outside of Superstonk. + +If we want to get some attention we need to back the people backing us. Let's get some posts trending on Twitter. + +I don't care if you don't like Twitter. If you don't have an account, make an account. If you already have it, make a second account. It takes a minute to find the posts and ❤ it. + +# This is the TOP post on Superstonk in the last week + +[mmm... how about we bump this one up? maybe a retweet while we at it?](https://preview.redd.it/5lj7qhs2sql81.png?width=1440&format=png&auto=webp&s=c3c1a53509a0c36a219d584315105ede910f8a38) + +# Former SEC Branch Chief Lisa Braganca doing some great work over on Twitter + +[she even tagged apes!](https://preview.redd.it/quin4c09tql81.png?width=1381&format=png&auto=webp&s=2a26bbd0196e5a5cdd0c4304657bee41d16f3f26) + +# Some backing for Dave? He deserves it right? + +[FFS! it's even a pinned tweet](https://preview.redd.it/ezrcqrbptql81.png?width=1420&format=png&auto=webp&s=a0c5324ac013017c12d3f3b60d1d7a7889861bb6) + +# What about our Queen Ape? 16k vs 1.7k + +[Pathetic support from the apes](https://preview.redd.it/vbh4jimauql81.png?width=1523&format=png&auto=webp&s=3db755fc1b877595e874c4fad41095f1980a2fba) + +Love for all of you crazy motherf#ckers!!! DRS and hold! Buy the f#ckin dip and support those making a difference on platforms outside of Superstonk +I'm thinking about taking out student loans to YOLO 100k (or as much as I can get) I figure student loans pose the least risk to a lender because their is no chance of bankruptcy. So I sign up for adult education classes take as much as they'll give me, I have good credit so I think I'll get a nice chunk. If I pay 2 years up front and drop out week 1 i get a full refund and I can get off campus housing loans in NYC that's $2200 a month easily. Between everything I'll be around 100k. Is this legal or will they regulate my spending of the money? do they just not give a fuck because they know you can't go bankrupt? I'm genuinely curious. From the talk around here I know ornamental gourds are a loss with the Argentina shipment possibly coming early. However I know rainfall futures in Nevada are cheap and Las Vegas is slowly terraforming the desert around it. It's conceivable that they could rise 10,000 fold over the next 20 years. + +Edit: why was this moved to a shit post? I can post the weather maps and rain fall averages over a 20 year span in the Mojave Desert. You can think it's dumb now but I'll be the one laughing to the bank. +The volume the last two weeks indicates that the rollover hasn't/isn't happening. I think the runup was from everyone anticipating the rollover, so MMs had to hedge the gamma ramp that occurred. Max pain was $200 and gme closed at $202 fri. Rollover must be done by the 9th, which only leaves 3 trading days. I don't think sHFs can cash cover their losses in that amount of time, so my theory is that sHFs might be looking to Settle/let the contracts mature on the 16th. Ive been spending hours trying to figure out how settlement day actually works. Does the buying happen on the 16th, or is a slow process that takes a week long run up, or a fortnight after???? +(THIS IS MY QUESTION PLEASE HELP) + +The investment banks will be the one holding the bag, not the sHFs. The investment banks are the ones who created the swaps so they hold the risk. They're referred to as 'synthetic brokers' because the reciever of the swaps contract gets all the benefits(or negatives) of holding a position, without actually holding the shares (or selling them short). + + I havent read anything regarding this theory other than most people think it is impossible for sHFs to let contracts expire, as the investment banks (and the likes of chicago mercantil exchange ((cme)) would have to buy all the shares at the market. Boom! MOASS! + +In short, I think we may see a lot of blood next week. People will become discouraged, then the weeks ending the 17th and the 24th we'll see a monster ramp when everyone is least expecting it. + +EDIT: I think it's important to consider how FTDs can effect settlement. u/taimpeng pointed this out. Thank you! Here's his DD on how September looks more like last December, than any of the other rollover periods we witnessed. This would mean that nothing would really happen on Sept. 16th, but there would be a bajillion FTD's and GME would be placed back on the NYSE Treshold Securities risk list. + + +https://www.reddit.com/r/Superstonk/comments/pe5k74/setting_expectations_according_to_the_theory_of/?utm_medium=android_app&utm_source=share +I am from Hong Kong and I plan to move to the UK using the BNO 5 years leave to remain scheme. I have several questions about finance in the UK: + +1. Is it possible to open a UK bank account outside UK? Alternatively, can I buy a prepaid debit card instead? How’s the procedure? + +2. I plan to buy 2 properties, one in full and the another in mortgage. I plan to rent one of them out to cover the mortgage. If I intend to rent it out to pay for the mortgage, do I still have to provide a proof of income? (as I don’t think I can get a job quick enough.). How long does it take to complete a property purchase? + +3. How’s dividend from REIT in UK taxed? Is there any distinction between Non dividend distributions and ordinary dividend like in the US? + +4. Why £50 note is so unpopular? + +More tips about finance or life in the UK are welcomed. +As there is more and more evidence of "fractional reserve brokering" (the brokers not having the shares that they are selling us, basically selling us IOUs instead of shares, and actually having only a fraction of the shares they are selling us), and the institutions that are supposed to protect us, actually don't (in fact, they often actively prevent solutions that could enable a fairer market, such as the SEC cracking down hard on blockchain based solutions) we are seeing what is essentially a "stock run". + +In other words, apes taking out their stocks from the brokers, and DRSing it. Much like a bank run where after losing trust in the banks, taking out the money from the accounts and withdrawing it into physical bills. Obviously, once this causes a systemwide crash, they can no longer hide it form the public, as they have successfully been doing for god knows how long (decades at least, I bet). This will also start happening in other stocks. + +Creating demand for a provably fair stockmarket, on the blockchain. + +This will put Gamestop in the perfect position to be a market leader into a fundamental change in how the financial system will work. Not only increasing the freedom and fairness of the free market (or in fact, actually creating a real free market for once, instead of the scam we have today) but also making billions in the process. + +The impact of this can not be overstated. It will be a financial revolution that doesn't just happens once in a lifetime, but once ever. The stock market has not seen fundamental changes since its inception centuries ago. A change like this will be absolutely historical, and the next time something big like this might happen will likely be centuries away, if ever. Gamestop being at the front of this is absolutely insane value proposition. + +DRS, NFA, DYOR +During the pandemic 1.3 million people took advantage of the stamp duty holiday paying no duty on properties up to £500k. Prices had risen by 13.4% by the time the scheme ended in June 2021 + +A friend of mine and his wife, both public sector workers with a combined salary of £120k decided to take advantage. + +In summer 2021 they bought a house in London for £585,000. They put down £60k as a deposit (\~10%) and borrowed £525k at 2.2% on a 2yr fixed. The appeal was saving £27k in stamp duty and in the rush to buy I think they paid over the odds even at the time. + +Monthly repayments were £2,250 and even at the time hey were 'just about managing' with their child care costs. Their fixed ends in June 2023 when mortgages rates at a possible 6.2% will push their monthly payments up to £3,450 - that's a 50% increase of £1200 a month, every month. + +If rates are even higher and prices are even lower then there is a real possibility they could end up in negative equity . As they're public sector workers it is highly unlikely they will get the pay rises they need to afford the service the mortgage on that particular property. + +They were never very financially savvy and blame the government for these rises. I know for a fact they chose to fill their boots with as much as they could borrow but - unwisely - assumed rates would continue to stay low. It would have been smarter to have locked in 5-10yrs for such a major purchase. Now they're staring into the financial abyss. + +I think this is a story of both bad luck and bad choices. What advice would you give to the hundreds of thousands of people in this boat and how do you think this will effect the market? +Those of you who believe the government should be doing more to intervene in the rising costs of housing in Australia, but have subsequently purchased property anyway: + +Has buying your own property changed your view? Would you still like to see the same interventions even if your own home decreased to a value below what you paid for it? +I have heard a lot of people say landlords will try to recover extra mortgage costs by lifting rents but wouldn't higher interest rates equal less jobs and thus less rental demand? I would assume there would be an increase in moving back in with mum and dad and share housing. What's your prediction? +Someone should transfer other stock from those brokers taking weeks to test them. + +If someone could transfer other stock than GME we could say with certainty that they don't have the shares if it goes fast with the other stock. + +If it still takes time it's probably inconclusive, but good to know. + +DRS is the way. + +Edit: if someone does this and posts here or tag me, i could collect progress and provide updates + +Edit2: List of direct stocks of Computershare: https://www-us.computershare.com/Investor/#DirectStock, thanks u/AlkahestGem (the page is a mess, but there´s a search function for symbols) +* EPS $(0.48) down from $(0.03) YoY +* Total Year-over-Year Member Growth of 113% Accelerated for 8th Consecutive Quarter to 2.6 million +* Total Products of 3.7 million Up 123% Year-over-Year +* Record Quarterly Net Revenue Up 101% Year-over-Year and Adjusted Net Revenue Up 74% Year-over-Year +* Adj Ebita $11.24M vs $(23.75M) QoQ +* Lending segment contribution profit of $89.2 million increased 80% year-over-year in the second quarter of 2021 +* Over the past year, Galileo more than doubled its number of accounts, to nearly 79 million from 36 million, through growth in both new and existing clients: Total net revenue (from Technology platform) of $45.3 million for the second quarter of 2021 was up 138% year on year, which reflects a full quarter of operations in 2021 compared to a partial quarter in 2020 subsequent to our acquisition of Galileo + +**Q3 Guidance:** + +* Management expects continued strong growth in the third quarter of 2021, with expected adjusted net revenue of $245 million to $255 million and expected adjusted EBITDA of $(7) million to $3 million. +* Management reiterates its full-year 2021 guidance of adjusted net revenue of $980 million and adjusted EBITDA of $27 million. + +&#x200B; + +*SOFI stock is currently down 11.68% AH.* + +[https://www.businesswire.com/news/home/20210812005780/en/SoFi-Technologies-Reports-Second-Quarter-2021-Results](https://www.businesswire.com/news/home/20210812005780/en/SoFi-Technologies-Reports-Second-Quarter-2021-Results) +Any Curve users make sure you're carrying a spare! + +Official statement: + +> Your Curve card and all associated Curve transaction and money transfer services will be temporarily suspended with immediate effect. Please be assured, we expect to be up and running again shortly but it may take a few days. Your money and card details held at Curve are safe and secure. + +> This has happened because the Financial Conduct Authority has this morning suspended its permission for Wirecard Card Solutions Limited (the company who currently issues Curve Cards) to operate, without prior notice. This action is not related to Curve - but Curve currently depends on Wirecard for operation of the Curve card. + +> We are already well on the way to migrating away from Wirecard but have not fully completed this process. We are now working round the clock to achieve the migration as quickly as possible and therefore expect this disruption to last for only a limited period of time. + +> We will continue to communicate the details of what this means for you during this interim period. + +> For now, please carry a backup card. +A few years ago I did something stupid and purchased a certified Toyota. Back then, I had just gotten out of an abusive relationship and went from splitting bills to renting an apartment on my own for three times as much as I was paying before. I had an unreliable car and had to purchase a solid one to get me to work and back, an hour commute one way. + +Today, I work from home making more than I was then, $15.50/hour. I have about 3k in credit card debt I’m paying off monthly. I no longer have the need for a 10k car (not that I ever did in the first place). + +Today I found out that I owe $500 less on my car than the retail selling price. A few more months and I’ll be able to sell my car and buy a beater outright. My new fiancé has a decent Jeep that we will use for everything unless I make a trip to town on my own. I cannot wait to have that $400 extra a month to put towards my debt and going back to school. It’s been a long journey to get here but it’s the small victories. + +Thanks for sharing this small victory with me. I just wanted to show that it can be done. +Good Morning Apes! + +After weeks of chop and fuckery here we are on Day 1 of my Failure to Roll Anomaly. I'm pretty excited to see what happens today with the bid/ask spread the way it currently stands this could be explosive. + +So here is my predicted price action for the day. + +[ Low Blue Trend: Low \($174.93\) High \($196.28\) High Yellow Trend: Low \($196.58\) High \($265.69\)](https://preview.redd.it/uphu73awp7t71.png?width=2457&format=png&auto=webp&s=760f8525a530446b8d63e8d21fc25ae02b193195) + +I think the low blue trend is more likely but based on Monday's low volume price action the yellow represents what I think is possible. + +For more information on this theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/q5iqep/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +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, 185, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Well today looking like a good start to my futures rollover theory. Tomorrow also looking like it will have some significant upside potential as well. We beat the mirroring day in the previous cycle on 10/14/20 + 4.13% and here is today. + +https://preview.redd.it/iwv7rtjux9t71.png?width=758&format=png&auto=webp&s=6d65ae9f74ffa3cfc43ffa597d2e6bc27d4b1e3b + +Thank you so much for tuning in see you bright and early tomorrow. + +\- Gherkinit + +Edit 9 2:56 + +Bullish + +https://preview.redd.it/5i63zjskl9t71.png?width=760&format=png&auto=webp&s=e6939ecd5181b653dd1d175c20574317b4bc1455 + +Edit 8 2:49 + +[https://youtu.be/gaR4RAikO1s](https://youtu.be/gaR4RAikO1s) + +[https://youtu.be/SzpdQjW\_Erc](https://youtu.be/SzpdQjW_Erc) + +Food for thought... + +Little bit of a short attack, looking for a bounce on the ema there otherwise 182.5 is the next support + +https://preview.redd.it/pn20jfhmk9t71.png?width=1552&format=png&auto=webp&s=f5fba0d8dd9c9a495fb8ddbcd398b46dfcb7550e + +Edit 7 1:29 + +More up? + +https://preview.redd.it/8noy3me269t71.png?width=1561&format=png&auto=webp&s=237c8a9fadce9a580c69f2f787def244a31c399e + +Edit 6 12:69 + +u/DJLowKey fuck you + +https://preview.redd.it/7qcdrlza29t71.png?width=1563&format=png&auto=webp&s=1b67c23752f41aa8e3affa9cac2956a939bfe56c + +Edit 5 12:56 + +12:69 in t-12 minutes + +https://preview.redd.it/zc2cj9n409t71.png?width=1561&format=png&auto=webp&s=f947256c5120b59559aa9106922f27af99e27ad0 + +Edit 4 11:43 + +Got a nice breakout to 182.40 failed and now consolidating just below 180. This is also max pain so it will take a bit of a push to get higher. volume at 561k. + +https://preview.redd.it/pp3yiy7bn8t71.png?width=1561&format=png&auto=webp&s=5aa4cf21797cf0de05bd43f4ed5f76bc9146b571 + +Edit 3 10:42 + +Gamestop moving back up after that h&s breakdown volume at 336k + +https://preview.redd.it/10lykcxbc8t71.png?width=1567&format=png&auto=webp&s=66e0067067886b487db1f06ce11ce7d17084c95d + +Edit 2 9:43 + +Double bottom opens are my favorite + +https://preview.redd.it/50eefsqs18t71.png?width=1563&format=png&auto=webp&s=6ced0eaa11f05354d491d1384e22d8ed5f42c168 + +Edit 1 9:12 + +Fidelity now down to 529k borrowable. Shorting the open? + +# Pre-Market Analysis + +GME already at 17k volume in the pre-market nearly double yesterday's PM volume. Fidelity with 604,909 and IBKR with 15,000 shares to borrow. A $3 run at 4am and another $3 run at 7 peaked our pre-market action just over 181. Stabilizing at 178 looks bullish for filling that gap at 180-184. Max Pain currently at 180. + +[GME pre-market 1m ](https://preview.redd.it/cjvjmm2xr7t71.png?width=1560&format=png&auto=webp&s=cd95f3adcc17488a4c98ca6e86b1d17bfd730a0d) + +TTM Squeeze looking good this morning too + +[TTM on the 1D](https://preview.redd.it/x9tc43z8s7t71.png?width=2457&format=png&auto=webp&s=3fb37e4c57b2ea3bff1ae34a59c4ebc8a54ae658) + +No significant arbitrage. + +**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/) +As the title says, I fully understand the reasoning behind DRS. It hasn’t clicked for me until now. Why is that? That’s a great question and thanks for asking. I have DRS’d my shares previously just because I wanted to see what the big deal was. I thought to myself “ok fine I’ll just move them and that’s it. It’s no like it’s going to make a difference”. WRONG WRONG WRONG!!!! + +All of a sudden it clicked for me just recently because I’m starting to see a lot of fuckery with brokers desperately wanting to make love to a school boy (Dumb and Dumber reference)….I mean desperately needing shares and are doing whatever they can to get their filthy stinking hands on them. I saw a voicemail post earlier where someone received a voicemail from their broker and wanted to borrow their shares. DING DING DING DING DING 🛎 🛎 🛎 🛎 🛎 . + +Now I said to myself “Holy Shit…these fuckers are really desperate because they can’t find shares”. The reason why I am posting this is because I’m pretty sure there are many people like me out there that didn’t grasp the reasoning behind the DRS concept and why it’s important. There are probably people who haven’t even DRS’d their shares yet. That’s ok because I was like that too up until recently. I chuckle as I write this because the cherry on top of all of this…is the fucking infinity ♾ pool 🏊‍♂️ that gets mentioned….click…click…now THAT makes sense to me. + +“bUt DrS hAsN’t MaDe A dIfFeReNcE…rOcKeT 🚀 hAnDs 🙌…..PeW pEw…” +Yeah that’s cool and all but you have to realize that this wont make a difference overnight. Stop being impatient. The DRS chatter is going on for almost a year now and the message is spreading stronger now than before. Great things take time to build. Based on what’s happening, this is so beautiful to watch it all unfold and we are building a massive DRS skyscraper. You do what you want because it’s your decision. I made my decision and I know I’m making a difference. Small effort, big effort…doesn’t matter because at least you’re making the effort. + +Edit: forgot to include this gem…www.drsgme.org + +Edit: Thank you for the awards. Just trying to help spread the DRS message + +TLDR; yea I’m slow and I finally realized why DRS is important. Don’t think too long about it and just do it. Brokers are getting desperate and are trying to find different ways to get their sweaty palms on YOUR SHARES. Don’t give them that opportunity. INFINITY ♾ POOL 🏊‍♂️!!!! +Hey everyone, + +So I just inherited $75,000 from a traditional IRA from a non-spouse. After a brief conversation with an accountant that offered free basic advice I now know that I have two options: + +1. Take a lump sum and access the cash right now but pay taxes on that money and increase my tax bracket. + +2. Transfer the money into an inherited IRA account and withdraw the money within 10 years. + +Here’s the catch: My wife and I are currently on one income ($65,000/year) because my wife is currently in nursing school for one more year before she graduates AND I’m trying to buy a house soon after she graduates. + +Because of these variables the accountant suggested that I cash out the inheritance in one lump sum and take the tax hit because having that money in the short-term to put towards a house payment combined with being on one income (which puts me in a lower tax bracket filing jointly) will be more appropriate to my situation than keeping the money in an IRA and hoping the market does well over the next year before taking it out to buy a house. The market could very well crash between now and then, leaving me with far less cash to purchase a home. + +An additional important detail is that I have another $75,000 sitting in an index fund that I was planning to cash out and use towards a down payment on a home. We’re looking to buy a home in the $300-$350k range. + +My question is should I just leave the $75,000 from the IRA alone to grow over the coming years and just use the $75,000 from the index fund as a down payment? Or would I be better served to take advantage of my one-income lower tax bracket situation and cash out the $75,000 from the inheritance (which will be $47,000 after taxes) and use that money together with the $75,000 from the index fund as a down payment? + +Interested I hear your opinions, thanks in advance! +I have about $170k in savings. My salary is about $50k annually. I live in Chicago, and pay $730 for a 1 bedroom apt in a great area that I’ve had for a long time. Is it wise to invest in a condo at this point in the current market? It’s hard to be motivated to shop since I have such a good deal where I am now. +Hello, so I’m new to the whole realm of home buying so I wanted to ask about pmi.... I currently live in an area where the average rent is 2000-2500/month... so roughly 30k a year... which is very annoying to know that I am just handing my money over and not going toward anything that is actually mine... the average home costs roughly 400k... I would likely get cleared for a 500k mortgage considering my income, credit, and no debt.... I would like the get a home but saving the 70-100k would take probably anywhere from 2-3 years which means I would have payed 90k in rent..... my question is basically would it be worth it to get a mortgage with little down and just pay the 4-5k/year pmi? Rather than losing out on 90k over 3 years which I could use to pay the mortgage and pmi. If I had that 90k to put at the mortgage over three years I would likely be at the 20% and would only have been paying the pmi for a few years???? What do you think would that be worth it?? +In the US. Did taxes today (because we for some reason always file for an extension despite getting a small return; yes, I know that is silly). The CPA was confused about some records, and I had to convince him to Google "mega back door Roth" as well as "custodial Roth." I realize that neither of these is something that the standard suburban household would use and that we have a rather dorky obsession with reading Mr Money Mustache and related niche sites. However, it surprised me that he had never heard of these strategies. Should these sorts of things be in the wheelhouse for a CPA? + +For the record, we have used this CPA for several years after ashtrays doing our taxes ourselves until a particularly complicated year when he not only worked out the complications with ease but also introduced us to quite a few deductions that we had no clue about. He has saved us well more than his $200 fee every year, and I have never questioned his abilities, and I am not exactly questioning now much but am mostly curious if my surprise is warranted. +I’m 14 years old and have a little over $600 on me right now. I don’t know what to do with it, I’ve been thinking about what i can do with it to make more money but haven’t come up with anything. Please drop some suggestions. I would greatly appreciate it. +https://www.washingtonpost.com/technology/2020/05/09/elon-musk-tesla-threat/ + +"Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant “Interim Health Officer” of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!" - Elon Musk on Twitter. +I'm trying to not make the mistake of thinking "what does well during inflation" and "what does well during rate hikes" are the same question. + +For example oil does well during inflation but how about after a rate hike? + +It seems like most positive factors such as debt covered by cashflow, inelastic demand and pricing power apply to both situations. + +Any stark contrasts? +Long story short, I own several websites, one of which I intend to sell for roughly $400K. + +At this point it's just been my side hustle, but with the sale of the site I'm obviously looking at a large capital gains tax. + +Would my tax bill for the sale of this website be less if I were to incorporate before selling? + +I'm not well versed at all in matters of business, so any help, or resources would be greatly appreciated! +Up to now my strategy has been to keep total market index funds in my TFSA because I’m confident they’ll grow slow and steady and I won’t pay taxes on it. + +On the contrary, in my RRSP I went full risk. This is my high risk, high reward account. + +My RRSP has 20% of my portfolio. My TFSA the other 80% + +They way I see it: +If my RRSP goes to zero, it’s like money I never earned and I didn’t pay taxes on it. If it gives me a nice return, then I’ll pay some taxes on it eventually. + +Is this a good strategy? If not, where should I keep my riskier investments? Unregistered? +I was hired by Mark in June 2011 to help him handle the crazy inbox at Mt.Gox during bitcoin's initial rally. In January 2012 I was asked to become Mt.Gox's CEO, a process which led to my dismissal in May 2012. My statement along with other ex-employees helped lead to the Tokyo Metro Police's arrest on embezzlement and "illegal manipulation of accounting" + +We plan to eat pizza in front of Mark while he is in Prison... + +Ask me anything. + +Edit: I haven't logged into this account since I left Mt.Gox. I have *A LOT* of hate mail between now and then... sorry to all those people who reached out that I had no chance to respond to. I feel and echo your frustrations. + +Edit 2: I literally fell asleep answering questions last night. I'll do my best to get back to everyone. + +**Edit 3: I've had a few PM's and comments about taking what I've seen and making it into a book/script/movie etc. If I did this, I think it's only rational to put any proceeds/earnings towards the customers who lost their money to Mt.Gox. Anyone who is willing to work with me on this (including ex-Mt.Gox employees), also on a volunteer basis, I'd be glad to hear from you.** +I know this may be idiotic but forgive me as I am very young and new to the investment world. My question is: Why do I see so many young people investing in dividend stocks/funds? And by young, I mean I see people 35 and younger having their entire portfolios made up of SCHD, O, JEPI, etc…. I mean I have heard of dividend growth investing albeit I definitely need to do some research on it. And I understand the very basics of compound interest ie; turning on the DRIP feature and letting your dividends reinvest but more aggressive growth stocks would seem to give you better returns most of the time (I mean even an s&p 500 index seems like it may do better). I just want to know, especially if you are in your 20’s what drew you to invest mostly in dividends and not growth stocks? I mean obviously if you are starting out with a few million you would be smart too as you could just live off of the dividends but most of these young investors like myself don’t have that kind of capital. I guess I just grew up with the traditional financial idea that when you are young you go heavy into growth and the closer you get to retirement you transition into lower risk/high dividend assets with the ultimate goal being that you could live partially or fully of your dividend in retirement. So explain to me what made you choose to invest solely in dividends/value and not growth at such a young age? + +Side note: I don’t mean to criticize this approach at all! I merely want to learn. I personally was thinking about picking up a small percentage in SCHD for my Roth and setting the DRIP feature on. + +TL;DR +Why invest in dividends and not growth when you are young (under the age of 35)? +Hey there, + +Just starting out with dividend ETFs. I'm currently 25. + +My portfolio so far is: + +VYM - 55% + +VNQ - 17% + +RYLD - 12% + +QYLD - 11% + +SCHD - 5% + +&#x200B; + +I'm mostly chasing for dividends for now and will DRIP as I increase my positions. What are some other ETFs that I should look into/switch out what I have now? +Hi all, as always I appreciate your wisdom and knowledge of the dividend game. +I’m up to $15 a month, but I’m also seeing some significant gains on my dividend stocks. Let’s say 10-20%. Is there a point where I should sell? Or should I stop doing DRIP on those stocks and move my dividend benefits into other stocks? I’m not sure what the best strategy is, because I want to keep those stocks, but I also don’t want to lose the 10-20% gain I’ve had with one or two of them. I’m not sure on how to move forward from this position. Would you sell if they went up to 20-30%? Any insight would be extremely appreciated. +Obviously I'm new here. Most of my portfolio is in cryptocurrency. I max out my simple IRA into fidelity but only recently have i had a passion for choosing opportunities rather than dumping in a mutual fund. + +But i LOVE dividend stocks. 80% MO, 10% QYLD, 5% CVX, 5% T is what i converted my entire IRA into. + +I (ignorantly) thought i was on to something calculating the years to reach break even ROI on dividends alone. THEN I FUCKING REALIZE THE YIELD PERCENTAGE IS OF THE STOCK PRICE NOT THE COMPANIES' OR FUNDS' PROFITS. + +A part of me doesn't understand this. This is inherently risky because the companies governing body may be completely out of control with it's stock price (GME). If the stock price shoots up significantly and they cant pay the increase what happens? + +if dividends were a portion of PROFIT, the very nature of this asset class would be safety. Has anyone made this cognitive mistake besides me? do any companies determine their dividends off of profits? +I have a couple questions and no one in my family is willing to answer them (USA), so I’m turning to Reddit: + +Is there a fee for opening a checking/savings account? + +Is there a fee for closing a checking/savings account? + +If I open a checking/savings account, what happens if I just forget about it (assuming no annual fees)? + +How would you deposit money into a checking/savings account. + +If my goal is to mainly save up money (with maybe a tiny handful of small transactions a month for small items), would a checking or savings account be better? + +Are filing taxes hard? + +Is there anything else I should worry about when doing this? + +I just started trying to learn how to be an actual adult, and not going to lie it’s a bit challenging considering my parents still pay a lot for what I do (am extremely grateful, but want to start with knowing what I should). + +Thank you for anyone who helps. + +Edit: this blew up a lot more than expected. Thank you for everyone for the advice, it really means a lot. Please don’t bash my parents. They’re only not answering since they have a lot they’re going through, and I don’t blame them one bit. +To clarify this is a new 401K and I've been putting away 15%. I was auto invested 100% in Charles Schwabs "Schwab Mngd Ret Trust 2055". Last week I switched my investment instructions to 100% Fidelity 500 Index. Is this a smart move? Should I allocate a percentage to other funds? A dividend fund perhaps? +Hello everybody! + +I hope we all had a wonderful 7/7, finally a date we can all agree upon. +I am here to give today's update to my first post - [Insecure about the size of your volume? Don't worry, it looks even weirder than you think!](https://www.reddit.com/r/Superstonk/comments/obzyst/insecure_about_the_size_of_your_volume_dont_worry/) + +Yesterday's update can be found here - [Your volume is still small, but maybe there's a reason it looks like that (July 6th)](https://www.reddit.com/r/Superstonk/comments/of3vab/your_volume_is_still_small_but_maybe_theres_a/) +And here is the link to [the post summarising the week beginning 28/6/2021](https://www.reddit.com/r/Superstonk/comments/ockost/27_update_your_volume_is_still_small_and_still/) + +**Explanation for people new to these updates, feel free to skip** + +Obligatory - I am not a financial advisor, this is not, and should not be taken as financial advice. + +For those of you who don't know, I have observed that GME has an oddly high amount of minutes in the day with more than 1% of the total day's volume being traded (for context each minute should have an average of 0.256% of the day's volume). So I have decided to count how many happen each day, what percentage of the total volume they make up, and how this compares to last week's statistics (check my previous posts here). + +Any minutes with volume of 1%+ in relation to the day's total volume will be referred to as **Majorly Significant Ticks,** +Minutes with volume of 0.8%-1% of the day's total volume will be referred to as **Minorly Significant Ticks.** + +**End of explanation** + + +Finally, [here is a link to my DD from last night](https://www.reddit.com/r/Superstonk/comments/of8tvx/how_much_volume_are_you_hiding_in_your_shorts_a/) on why I think this is all happening - warning, unlike Kenny, this one of mine is very long. + +&amp;#x200B; + +***Now onto today's figures*** + +Oh boy was today a day containing 390 trading minutes where some of them were far too **thicc.** + + 7/7 +Volume - 4,194,228 + +**Total Majorly Significant Ticks - 19** +Total Minorly Significant Ticks - 7 + +**Total Significant Ticks - 26** + +**Majorly Significant Tick total volume - 1,355,146 = 32.3% of the total volume for the day.** +19 Majorly Significant ticks represent **4.87% of the day's minutes for 32.3% of the volume.** + +**Total Significant Tick volume - 1,618,732 = 38.6% of the total volume for the day.** + +**Therefore, the 26 largest ticks of the day, representing 6.66% of the minutes of the day, were responsible for 38.6% of the volume** **^(Hedgie manipulation is the devil confirmed)** + +&amp;#x200B; + +Here is how it compares to yesterday, and last week's 5-day average + +&amp;#x200B; + +&amp;#x200B; + +|Day|7/7 (Today)|6/7|Week beginning 28/6 average| +|:-|:-|:-|:-| +|Volume|**4,194,228**| 2,604,813 |3,019,737| +|Major Significant Ticks (&gt;1%) |**19**|11|12.8| +|Minor Significant Ticks (0.8%-1%) |**6**|6|7.4| +|Significant Ticks Outwith 10 mins Open/Close |**23**|10|14| +|Total Volume of Maj. Sig. Ticks |**1,355,146**| 467,306 |632,231| +|Total Volume of Maj. Sig. Ticks as % of daily total |**32.3% of daily volume, 4.87% of minutes** |17.9% of daily volume, 2.82% of minutes |20.06% of daily volume, 3.26% of minutes | +|Total Volume of ALL Sig. Ticks |**1,618,732**|602,790 |825,119| +|Total Volume of ALL Sig. Ticks as % of daily total |**38.6% of daily volume, 6.66% of minutes** |23.1% of daily volume, 4.36% of minutes |28.7% of daily volume, 5.6% of minutes | + +&amp;#x200B; + +Okay that's uh, that's a bit more than yesterday and last week huh. + +Well consider my bias **confirmed.** +In [my DD yesterday](https://www.reddit.com/r/Superstonk/comments/of8tvx/how_much_volume_are_you_hiding_in_your_shorts_a/), I came to the conclusion that: + +The more significant minutes in the day we have, the more fuckery and manipulation is afoot +Therefore, the more significant minutes, the more likely it is that the price is going to take a beating from Kenny and the boys. + +Today was the perfect example of that, and I'm going to dig a little deeper. + +The pre-market today was already very active, much more than usual recently. We had a pre-market volume of 36,201. Yesterday we had19,555 and on the 1st of July, we had a mere 9,243 - so fuckery seemed to be just round the corner. And fuckery there was. +We all saw the very blatant attack this morning, dropping the price by $17.83 in just 22 minutes - months ago this would have concerned a great deal of apes, but to us now we see this for what it really is - + +&amp;#x200B; + +https://preview.redd.it/a0wod4asvu971.png?width=800&amp;format=png&amp;auto=webp&amp;s=6278045466227ca0789b71a3ecd123d259f6c21b + +That's right, ***synthetic.*** + +In all seriousness though, this attack was genuinely pitiful - and here's why. + +This attack lasted 22 minutes, the total volume of these 22 minutes was +1,130,749 (27% of the day's volume, 5.6% of the minutes) + +And the price fell $17.83 - in [my previous DD](https://www.reddit.com/r/Superstonk/comments/of8tvx/how_much_volume_are_you_hiding_in_your_shorts_a/), I showed a period on the 9th of March where GME rose $20 on just 100,000 volume. +I think you can now see why to me, this is rather weak. Each dollar we went down today took an **average of 63,418 volume** to do so - and yes blah blah blah volume has buys and sells I know, don't worry - however the same is true for the 9th of March, yet **when the fuckery is absent, we spike upwards** ***hard.*** + +On January 28th, they dropped **12 Million volume on us in 70 minutes, and lowered the price by $300** \- now *that* is an attack. Not only was the actual attack about 12x the size, but it only took them 40,000 shares per dollar of dropping the price, so **they are now less effective in every way.** + +Special shout out to 9:58 this morning, biggest candle of the day, this big 148,951 volume boi lowered the price a whopping $1.55. + + +**Once again, the message is clear -** ***buy and HODL*** **(groundbreaking strategy, I know).** + +**This is getting more expensive for them - and it costs us nothing to hold, sooner or later they will run out of money to play around with the volume like this, or it will become so ineffective that they'll have to give up anyway. Also, it seems to be roughly 10x as expensive to push the price down by an amount than it costs to push the price up by the same amount (based on an average of figures I have collected from the last week), so it's getting worse and worse for their pockets.** + +See you guys tomorrow, +Slàinte +Here's your chance to hop on to something special that is going parabolic and viral as I'm typing this. I'll just let the chart speak for itself: [https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +&#x200B; + +Tokenomics: + +Token: $RISKMOON + +Maximum Supply: 1,000,000,000,000,000 + +Penalty tax fee: 10% + +Redistributed to holders: 10% + +Auto-locked in LP on PancakeSwap: 5% + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +TG: [u/RISKMOON](https://www.reddit.com/u/RISKMOON/) + +Medium: [https://medium.com/@riskmoonbsc](https://medium.com/@riskmoonbsc) + +Website : [http://riskmoon.com/](http://riskmoon.com/) + +Twitter: [https://twitter.com/RISKMOONBSC](https://twitter.com/RISKMOONBSC) + +Github: [https://github.com/RiskMoonBSC](https://github.com/RiskMoonBSC) + + + +Grab a bag now, hodl and it should go the route of SAFEMOON!!! +Here's your chance to hop on to something special that is going parabolic and viral as I'm typing this. I'll just let the chart speak for itself: [https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://poocoin.app/tokens/0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +&#x200B; + +Tokenomics: + +Token: $RISKMOON + +Maximum Supply: 1,000,000,000,000,000 + +Penalty tax fee: 10% + +Redistributed to holders: 10% + +Auto-locked in LP on PancakeSwap: 5% + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa96f3414334F5A0A529ff5d9D8ea95f42147b8C9) + +TG: [u/RISKMOON](https://www.reddit.com/u/RISKMOON/) + +Medium: [https://medium.com/@riskmoonbsc](https://medium.com/@riskmoonbsc) + +Website : [http://riskmoon.com/](http://riskmoon.com/) + +Twitter: [https://twitter.com/RISKMOONBSC](https://twitter.com/RISKMOONBSC) + +Github: [https://github.com/RiskMoonBSC](https://github.com/RiskMoonBSC) + + + +Grab a bag now, hodl and it should go the route of SAFEMOON!!! +For my goal of 2019 Q4, I wanted to learn more about flow charts and decided to make one for the FIRE Community. Best case would be to have this flow chart improved to a point where the moderators accepted it into the Wiki. Worst case would be that I learned how to do flow charts. + + +Over many versions, here is [Version 4.0](https://imgur.com/3esnRyb). Please read the flow chart entirely before commenting since some redditors have been commenting or PMing of missing items; sometimes it’s just buried deep. + + +Please provide *constructive criticism* where I will evaluate for the next version; if it’s needed. If you provide details on what exactly you’d like changed and provide justification, that can be sufficient to persuade me. I am not sure what would be good “sections” for each box title (rotated text on the right) and whether it was a good improvement or not; I’ll let reddit judge that. + +I previously mentioned that I would want to add appropriate references but have been swayed against it as it requires maintenance for link sustainability and could also bias to certain sites/forums. + + +**Version History**; for those interested + +[Version 1.3]( https://imgur.com/a/MXKlxKa) + +[Version 2.0]( https://i.imgur.com/pyKHXuy.jpg) + +[Version 3.0]( https://i.imgur.com/sTi1eI2.jpg) + +[Version 3.1]( https://i.imgur.com/o18MmOP.jpg) +What’s going on y’all. We got crazy action with GME, AMC, BB, short squeezing, and a bunch of stocks being added to the Russell. Few examples, (MindMed, PLTR, and many other “meme” stocks). + +But guess what? Guess who else is being added to the Russell? You best believe it, CLOV is also being added to the Russell index. + +As of time of writing, CLOV has gone up 20%. + +Also as of time of writing, Ortex is reporting an estimated 39.36% SI (Short interest). + +I believe that CLOV is about to match the uptick with the likes of AMC and GME. + +Keep your eyes out on this stock. + +Edit: Original post was removed I think because I put the DD flair instead of the discussion flair. + +Edit: Can you guys upvote my comment where I tagged zjz and unpopular mods in the comment section to see why they took this post down? Thanks 🙏 + +Edit: The beauty mods of WSB have resurrected this post, thank you! + +Final Edit: I just want to confirm when I said the “short squeezing” in my first paragraph, I meant stocks that fall under the “Squeeze Potential” category, whether it be a Short Squeeze or a Gamma Squeeze. + +Also, holy moly donut shop! Thanks for the awards and engagement on the post everyone! Wish you all many tendies! +Parameters: + +-goal is growth but also dividend income + +-holding for medium or long term, not trading + +-no US or international stocks + +-no ETFs (Cdn or otherwise) + + +This is just for fun and to hear people’s opinions +Parameters: + +-goal is growth but also dividend income + +-holding for medium or long term, not trading + +-no US or international stocks + +-no ETFs (Cdn or otherwise) + + +This is just for fun and to hear people’s opinions +For years I’ve been skeptical of Tesla. I’ve tried shorting it, I bought puts on it, all to mixed success. + +But overall, probably lost 80% of whatever I invested in the short side with respect to TSLA. + +Every time I post here with any mild criticism of TSLA, I get yelled at by people who tell me Tesla is going to dominate the world. + +And today I see Morgan Stanley‘s report, and Tesla up 10% after earnings, and I’m done. + +Not saying I’m gonna go long on Tesla, but no more shorting for me. + +I’m wrong. + +You’re right. + +There. + +I said it. + +Feel free to yell at me some more about how dumb I was. + +You guys did it. + +You changed a Redditor’s mind on something. + +So take my pride, but I’ll keep my wife. Thank you. + +And fuck you - and way to go - to all you assholes driving Lambos who’ve made millions on TSLA with your 💎💎💎🚀🚀🚀🚀✋✋✋. +Reading the “top 5 stock picks for next 5 years” post have me some inspiration to pursue a few stocks I’ve been on the fence about (DIS, HD). But it got me wondering. What were some of the answers to this question 5 years ago? Did they all turn out to be big hits? Any major duds? I’ve only been investing heavily for about a year and a half. I guess I’m just looking for some validation in pivoting more toward some of the big names listed. +I moved into a rental property on September 13th on a 6 month contract. One of the other occupants is aggressive when I use the kitchen and is generally a pretty unpleasant bloke, so about a week ago I decided to leave. The landlord was understanding and has agreed to help me find a new tennant. + +This was my intention until yesterdays announcement, and now getting rid of my room will be quite difficult. One option i've thought about is moving out, not paying the rent due on the 13th, telling him im leaving and sacrificing the deposit. + +Is it likely he will try to get a CCJ against me over this? Or will he just cut his losses and try to find a new tennant, obviously keeping my deposit (one months rent, £750). + +One detail to note that may be useful is that he is not keeping my deposit in a protected scheme, or not at least that he told me about. There is no mention of it on the contract and I haven't received a letter from a deposit protection scheme like I have with previous private rentals. + +TIA for everyones help :) +Source: https://www.scmp.com/business/china-business/article/3196994/hong-kong-stock-index-slumps-below-16000-mark-new-13-year-low-chinas-leadership-reshuffle-leaves-no + +CNBC article: https://www.cnbc.com/2022/10/24/asia-markets-stocks-currencies-japanese-yen-economic-data.html + +HSI 15,157.54 +−1,053.58 (6.50%) today + +Hang Seng tech index down 7% and limit down is 10%. Total capitulation. + +EDIT: **JFC, Hang Seng tech index now down 9%** : https://twitter.com/Fxhedgers/status/1584427191965605888 + +---------------- + +Hong Kong’s benchmark stock index sank below 16,000 points for the first time in more than 13 years after President Xi Jinping strengthened his grip on power with key allies and signalled no let-up in scrutiny over private businesses. A better GDP report failed to cheer traders. + +The Hang Seng Index slumped 5 per cent to 15,401.64 at the local noon trading break, the lowest level since May 2009. The sell-off was the steepest since March 15. The Tech Index tanked 6.7 per cent while the Shanghai Composite Index declined 0.9 per cent. HSBC added 0.1 per cent before its earnings report. +Alibaba Group plunged 9.8 per cent to HK$62.80, set for a record-low close, and Tencent Holdings slumped 8.3 per cent to HK$213.40. Meituan crashed 11 per cent to HK$125.40. Chinese developers Longfor Group plunged 12 per cent to HK$16.84 and Country Garden lost 7.7 per cent to HK$1.32. + +Xi secured a tradition-breaking third-term as the Communist Party boss after its 20th National Congress over the weekend, and headed a new seven-member Politburo Standing Committee (PSC) with four close allies, while sidelining Premier Li Keqiang among others. + +The risk premium for Chinese stocks in offshore markets “could stay elevated in the short-run, possibly due to investor concerns over the absence of recognised market-oriented economic reformers in the newly-configured PSC,” Goldman Sachs said in a report to clients. + +Xi, in a report to the Congress, had called for “regulating the mechanism of wealth accumulation,” signalling a tighter oversight of private capital following months of crackdown on tech companies, while also pushing his vision for “common prosperity to help close the wealth gap in the nation. +HSBC gained 0.1 per cent to HK$41.60. Pre-tax profit probably dropped 55 per cent from a year earlier, according to market consensus, before its third-quarter report on Tuesday. Standard Chartered retreated 2.4 per cent to HK$48.20, while Bank of China lost 1.5 per cent to HK$2.61, with both reporting later this week. + +Consumer stocks led losses on onshore bourses. Liquor distiller Kweichow Moutai tumbled 6 per cent to 1,517.01 yuan and rival Wuliangye Yibin slid 4.6 per cent to 145.17 yuan. + +A government report on Monday showed the economy grew 3.9 per cent last quarter, beating market consensus of 3.3 per cent. Retail sales rose by a slower-than-expected 2.5 per cent in September, while industrial output and fixed-asset investment both exceeded expectations. +The data showed “a lack of consumer confidence after frequent pandemic lockdowns,” partly explaining the slump in Alibaba and Tencent share prices, said Dai Ming, an analyst at Huichen Asset Management in Shanghai. “Investors now find it difficult to evaluate the stocks.” +Final edit: + +Disclaimer: +----- +because a lot of people seem to misunderstand me and this post.. My intentions are in no way harmful towards the individuals in this video clip. Nor do I want to spread FUD or insecurities for apes. I just linked the video for better clarity of what they have discovered. My whole thesis stems from the fact that neither these informations should be used to fuel your trading decisions nor should you ever consider selling a share just because hedgies are communicating that they are about to dip the price massively. Now if this was really idiot proof info for daytrading, the individuals in this video would be millionaires by now. However this is great news for apes because we are getting further evidence of hedgefund cooperation which is a highly criminal case of market manipulation. I have experience in the field of human psychology and I am 100% certain that there are some individuals that will try to use this informations in hopes to change their odds of making a profitable day trade out of it but bear in mind that these market makers have high frequency algorythms at work and the second you are reading the the data, it is already filed by the hft algorythms. Don't chase a horse you will never catch up to. I just think that there are a bunch of apes that are very inexperienced and come into this subreddit in hopes of finding a get rich quick scheme.. Surprise, us being here for almost 9 months now is proof enough that this is not a get rich quick scheme.. This is severe and intense financial warfare. And I am too invested and jacked to simply sit down in silence and not try to warn apes about the dangers of this knowledge. Buy and hodl is the way. Obviously this is not a financial advice. + +\\\\\\\\\\\ + +Hey hey apes, Seiphert here. + +The past 12 hours or so were really staggering for me. Some old grandpa claims to have cracked open pandora's box and cracked the code the hedgefucks are communicating with. + +Now I think that this might be **severe fud and manipulation territory**. + +Let me briefly explain why... + +For months and months on we've tried to condition each and every ape to only stick to buy and hodl, for it being the most effective way to harm the criminal naked shorters on the market. + +THEY ~~WANT~~ NEED YOU TO FUCKING SELL! +----- + +Now a seemingly super wrinkly old sounding man that seems to have no teeth in his mouth claims to have cracked the code. Here it is but trust me, it has been posted over and over in the last 12 hours. + + +Just for you to understand what I'm talking about here's the link I am talking about: +https://youtu.be/Z9hQMu1GQTk +I hate to post it because I don't want any ape to watch it. I know how smooth brains work because I have one myself. The first second watching it I felt immense euphoria. But a few minutes after thinking about it I realized this could be a manipulation strategy. + +It's fucking hilarious that the guy that seems to have discovered it also calls himself Keith. I envy him for having such an amazing name. ~~This whole thing smells like a psyops of the hedgefucks to lure us into a fake sense of security and knowing what they are planning.~~ This is speculation. He might also be an old ape that simply found it out, yet still hedgies might use the knowledge of us knowing it to manipulate the stock in an unpredictable way. + +Let me be super clear here apes: this is in NO ways a safe way to trade. This algos run at the speed of light. You cannot out trade a computer. The second you see the code, it is already processed by a machine. + +Do never, I repeat **NEVER**, daytrade GME because you will loose your shares in the long run. Don't be a paper handed bitch while all the super diamond hands fly to Andromeda because we won't turn back for you. + +Do not fall off of this slippery slope! +---- + +Edit: I think that this was a major slip off of hedgies to make these posts on the prolonged weekend because we apes can over think the new informations safely for 3 days now.. + +Also: I'd like to ask some more wrinkly ape if there is a way of reading the historical level 2 data on the stock. I would like to check out if his thesis also holds for other stocks shorted by shitadel and if it also occurs to gamestop in 2020 because we know as a fact that the heavy shorting started years ago. + +Edit 2: corrected some typos and changed wording for better clarity. + +Edit3: just as a disclaimer: I am glad that somebody is pointing out that hedgies are communicating with each other, but we apes knew that since March that there are certain bid/ask positions that are used to "scan" the market. My paranoia mainly stems from the fact that we are so close to certain crucial dates that it seems kind of sus to me that this news that are not really new get so much traction and additionally they seem to elaborate on exactly what positions mean "dump the price" and "let it rip". This is highly suspicious because this two things are a day traders wet dream and we all know that daytrading is a huge no no but newer apelets may not know that. +Hi! +I have been looking at jobs and uni courses and honestly have no interest in any career path, which I know isn’t great. +However, I’m definitely not just going to do an unskilled job when i’m older so I was wondering what are some careers that earn surprisingly high amounts apart from the common ones you hear about (doctor, dentist, barrister, etc?) +Thanks! +Shares of Peloton Interactive PTON were halted midday Thursday after a report said the exercise-equipment maker was temporarily pausing production of its fitness products, including its popular bike and treadmill because of slumping demand. + +Citing confidential internal documents, CNBC reports that the company is reducing its forecast for demand and cutting production, as it aims to control costs. + +Shares of Peloton were down around 22% on Thursday and have been halted twice during the session, following the report. + +https://www.marketwatch.com/story/pelotons-stock-plunges-20-following-report-it-will-pause-production-of-bikes-treadmills-11642702222?mod=mw_quote_news + If you’ve recently started trading, you’re likely very disturbed by the recent pullbacks and volatility, especially among high-flying household tech stocks like Docusign, Roku, and Teladoc, which are down 45% from recent highs. Even more jarring was the complete crash of Chinese darlings Alibaba, Tencent, and JD.com due to concerns that the communist government in China would be, well, communistic. + +Institutional investors used fears of inflation and the latest COVID variant as a reason (excuse) to get out of positions they knew had been overbought. And all the stop losses got triggered thereafter, creating a snowball effect. This has restored some sanity to the market, though I’d argue many stocks are still overvalued. + + I’m going to lay out 7 mistakes everyone makes when investing below in the hope that it provides some guidance to those who need it. If you feel you don't need, just don't read it. Thanks. + +**Expecting the Market to Rise in a Straight Line** + While this seems straightforward, many people believe the stock market only goes up and never down. This is not true. The market goes up 80% of the time BUT not all companies are taken on that ride and you should expect a 10% pullback every other year. + +Likewise, the number of smaller pullbacks of 5% have become more common over the past decades and now average around 5 per year. Keep in mind, these pullbacks represent the average of a bundle of 500 stocks, meaning some stocks are affected a lot more than 5% and others less than 5%. + +**Not Picking An Entry Point** + +These market pullbacks represent great buying opportunities, but should not be relied on as the entry points because in the moment investors don’t know if it’s a 5, 10, or 20% correction. Instead of trying to predict the future outcome of a pullback, I have a set list of companies I want to buy always ready to go with my target price. + +Think of this list as your budget - you determine this entry price and you don’t budge from that target. If the stock drops to the price or below, it’s a buy, and you enter the trade. I may lose more money on the way further down but that’s OK, I got my entry price and need to have faith in the investment rebounding. I have gotten burned more times than I care to count by getting impatient and buying a stock above my target price only to watch in horror as it tumbles back down to the price I wanted to pay to begin with six months later. + +Truth be told, this is more a game of patience and good technology. I set price alerts using Fidelity (always to my phone not email) and I try to ignore the FOMO as the stock rides up high quickly. + +Being a successful investor is a lot like being on a diet at all times. I’m constantly hungry for more, wanting to jump in an enjoy decadent treats, and having to sacrifice my desires for better outcomes. If I’m not feeling the friction of personal restraint, I’m not investing, I’m just gambling. + +**Setting Entry Prices Based on Graphs Only** + +OK, so I need to set an entry point to avoid being the bag holder - how do I do that? There are many ways. The worst way IMHO is to look at a chart and pick a number based on where a stock has been previously aka a previous dip. Technical analysts will often point to support and resistance lines in graphs and talk about whether or not a stock will hold its fall at a resistance point or break out through a previous resistance line. + +New support and resistance lines are forming all of the time because of the micro and macro environments. Said plainly, events cause these levels - they are not mystical levels that form on their own. People react to events and prices change. And many levels are created by people in support of their own thesis these lines exist, self-perpetuating their existence. Usually, they are formed around events. The events could be company news or it could be macro news about the inflationary environment, policy changes, or other world events. So it’s critical to track events and know what’s going on with the company and the world before going in. You can do this through the news or by using technology. + +I use a software system to keep track of major company events and help me understand how they will impact the price movement. I haven’t found a more efficient way of doing that. + +If you’ve taken account of events, the next thing to do is find a way to value the stock. There are many ways to do this and I plan on writing a post with more detail on that in the near future. For now, I’ll note a few simple ways to do this. + +**Price to Earnings Ratio (P/E)** \- the P/E ratio gives an analysis of the stock’s price relative to its annual earnings or profit. The higher the P/E, the more expensive the stock. The easiest way to understand this is to think about your investment as the share price and the annual return on that investment as the earnings. If the P/E is 20, it would take you 20 years to recoup your investment in terms of the value of those earnings. This ignores a lot of things like inflation, free cash flow, the total assets of the company, company debt, and how fast the company is growing. But it’s a useful back of envelope way to give an idea about whether the investment may turn out well. If a stock has a P/E above 20, the company should be growing double digits annually, not be riddled with debt, and have competitive positioning so it doesn’t get crushed. If it’s trading over 60 P/E, it should be growing earnings and revenue triple digits to justify the valuation, or be in a position to dominate a market for many years to come. + +Other valuations include the Price to Book ratio, the Price to Sales Ratio, and the Enterprise Value to EBIDTA. We’ll have to cover these in another post. For now, know they exist but you can use the P/E as a north star to guide your entry points and avoid overpaying for stocks. In an environment of low inflation, P/E matters less than it does than in an environment of higher inflation, where companies with less earnings and cash flow have to borrow more at higher interest rates to continue growing. + +So set your entry price on a reasonable P/E ratio that is in line with the historical 5-year P/E of the company and its peers (Fidelity makes this readily available). If you buy a company with no earnings, it’s going to get crushed every time there’s an inflationary scare because in order to grow, that company has to borrow money or raise more money by selling more shares or debt, which dilutes the company’s value. Likewise, if their high growth stalls for even one quarter, the stock will go into free fall. So you need to monitor earnings results very closely if you own one of these stocks. + +**Creating a Portfolio That is High Risk** + +If I had a hundred dollars for each time someone asked my opinion about Nio, PlugPower, or Docusign, I’d be able to pay a full year’s college tuition. Yea, these stocks have done very well until now. But they are volatile stocks all based on the premise of future domination with little evidence to back that up today. Don’t get me wrong, I LOVE growth stocks. But they should compose a portion of a portfolio, not the whole pizza. + +I allocate 20% of my portfolio to growth stocks and that’s pretty high, but I’m willing to lose over half of that for the longer term gains. I would never be 100% growth stocks as that is an easy way to experience immense pain as these stocks are likely to crash heavily as we’ve seen recently. And I buy and sell these stocks - I don’t hold them forever. + +There are far better experts than I at creating the killer portfolio allocation, but my advice is to carve it up into stable dividend payers like Verizon, large cap leaders in tech like Apple, large cap healthcare companies (I like Anthem), large cap payments companies like Visa and Mastercard, strong value mid-cap companies like my favorite: Crocs, some consumer staples stocks that people need even when things are bad, some semi-conductors that aren’t overpriced, and companies leading in new industries that actually make money. + +**Buying At The Peak Price** + +If you’ve ever bought at the peak, the following scenario should sound familiar: An event happens, the stock you’ve been hearing about all year, which is up 100%, rallies 13% today and another 15% the next day. Analysts up their price targets, the news is buzzing that the company is unstoppable, and days later the stock is up another 50%. You’ve heard about this company for a long time and have wanted to buy it but waited. Everyone you know owns it, brags about their gains, and it looks like it’s making another unstoppable, huge run. Not wanting to be left on the sidelines missing out again, you throw some money at the stock, buying at its peak. A week later, UBS calls the stock’s valuation detached from reality and lowers its price target, sending the stock down 15%. In the days that follow, it continues to sink, with analysts downgrading their estimates. Then they miss their earnings target, and the stock plummets further. You’re unsure what to do, so you do nothing and watch your losses pile up. You are the bag holder. + +If the description above sounds uncomfortably familiar, don’t fret: you’re not alone. We’ve all been there. The only thing to do is to learn from the events and take the lesson that it’s very risky to buy at the peak, where a peak can be defined as the point at which everyone knows about it, is talking about it, and has already invested in it. If you come in after, you’re taking on more risk than the possible reward. So what should you do when you want to own that stock? Wait. Set a reasonable entry point and wait. You might have to wait 9 months. Women do this for children all the time while being wildly uncomfortable. You can handle not buying a stock for 9 months. + +There is another way to play it that’s more complicated: you could pick a price that is a little above your entry point and sell a put. That gives someone else the right to sell the stock to you at that price and in return you collect the premium for the contract. If the stock you want is trading at 300 and the price you want to pay is 200, sell a $30 put at 230. If the stock never comes down, you make $30 a share, and you have profited from the stock. Congrats! If it does come down under 230 and the contract is exercised, you end up buying the stock at 230 but pocket a $30 premium, making your net purchase price 200 - just the price you wanted! Win win. + +**Losing Faith & Conviction** + +After taking a beating on a stock or ten, it’s easy to lose faith in your abilities to make sound investments and even easier to lose conviction in your other stock purchases. It’s these moments where you need to remind yourself that the market goes up AND down and you will have many more years to make money (if you’re healthy) provided you learn from your mistakes and continue trying. + +I write down everything I’ve learned in a list that I revisit time and time again. This list is now 30 points strong on what not to do based on 30 ways I’ve lost money. It’s now a list of how to make money in the stock market (and how to populate blog content). + +If you write down what went wrong, you’re committing to lifelong learning and to be improving. If you don’t and opt to wallow in self-pity, you’re bound to not only repeat these mistakes, but you’re likely to sit out on future market rallies because you lack conviction. The best buying opportunities comes when market participants feel powerless and are willing to sell their stock at steep discounts. + +“When there’s blood on the streets, buy property.” + +**Not Having an Exit Plan** + +How much money do you want to make on your investment? The answer can’t be infinity and I don’t know isn’t much better. Professional wealth managers aim for 6% a year, net of fees. The S&P 500 returned an average of 7.5% over the past 20 years. + +So what will I do if a stock I own goes up 300% in one year? I sell it and wait for an opportunity to buy it again when it comes back down to earth. Why? Because I’ve accomplished the returns I’m looking for. I sell it because I reached my exit price, even if that happens a lot faster than I thought it was going to because my goal is to make money not to own stocks. + +Some stocks *are* long holds. Visa, Apple, Microsoft, Google - it’s ok not to have a lifetime price target on these. For others less established, I like to have a goal. I bought Lemonade stock at $44 for example. When I bought it pre-IPO, I thought it was a 10X stock over 10 years. In the first year, the stock skyrocketed to 175. It was too much too fast for the trajectory I was expecting so I sold some at 80 and the rest at 120. Making 2 x and 3x my money in one year reached my goal of 10X return over 10 years in terms of the annual return, so I was out. I also thought the valuation was not justified. Others agree, and the stock is back at $44 now. If I had bought and held, I would have achieved no profit. Instead, I grossed $50,000 on a $20,000 investment. + +In case you’re curious, I do plan to buy Lemonade again IF they can prove they are able to gross more revenue per existing client. Right now they are paying too much for customer acquisition. + +Just remember to take taxes into account when determining your profit targets. In my case, I held LMND for a year prior to selling, so I paid capital gains taxes not income tax rates. + +Good luck. +I came from a very tough background. So, not only have I made myself worth a few million but I have a pretty lucky and uncommon rags to riches story so far, and the future is bright as I’m a few decades from retirement age. + + + +I say that just to say that… imagine how happy it makes the average person to feel success career/financially on this level. Then start from a very rough unlikely beginning, I’m even happier than the average person would be with a good financial life. I feel like I’ve lived some pretty extreme downs (the beginning) and some extreme ups (the last 10 years of my life). I pinch myself a lot. + + + +On top of that, I feel very happy with my family situation, and even happier with my social circle situation. I love my friends and I’m lucky enough to see them a good amount. I’m the host when it comes to friend gatherings, that makes me happy. I have nice stuff, I can afford to give nice stuff to others, I’m happy with my hobbies, I count my lucky stars every day knowing what I came from. + + +I just don’t exactly know what to do in life. I think my happiness has been maxed for years. The only thing I really truly want is more life. I wish this lifetime would last about a thousand years. + + +Has anybody here been in my shoes and when did that change? Did it ever change? Why? +I (23f for context) told my father I was approved for my first apartment and credit card and instead of a congratulations he said both are bad things and that my money will be going into an abyss instead of staying at home and saving for a mortgage. + +At this point in my life I'm really not interested in having a mortgage, never have been. However now I'm feeling annoyed and regret saying anything because it's sending me into a panic about finances and I was fine before. I was planning on moving and being free to build sources of income, I have two jobs but I hate relying on payday so I was working on other streams of income. + +How do I escape the type of mindset that thinks credit cards are a bad thing and just constantly thinking money is hard to come by. I just think there are so many opportunities to build income now more than ever, I just haven't found what works for me yet, but when people make me doubt myself I start to panic and feel like I'm going to fail. +Systematic Trading by Robert Carver states in chapter 7 (pg 121 hardcover) that + +“Separate entry and exit rules are not suitable for the framework. Ideally a forecast should change continuously, independently of what our position is, throughout the life of the trade. This suggests you should create rules which recalculate forecasts every time you have new data, then adjust your positions accordingly. Normally this is simply a matter of modifying the entry rule.” + +He also states that + +“[explicit exit rules] are usually over fitted and make life very complicated.” + +He encourages avoiding binary trading rules and make them continuous instead. For example, focus on the general relationship between two moving averages instead of just the crosses. + +What do you guys think about this? I feel like many algo traders dont do this. +Hello all, + +I just saw a thread of someone asking about using java vs python to build their algo-trading system because they were concerned about Python being a dynamically typed language and the fact that they would be running money on it. + +Actually I had the same concern before and wrote a micro-framework that "invisibly" takes care of all this stuff for you. + +It is based internally on a few metaclasses and it uses python annotations to enforce types on function inputs or on class objects, and besides doing this for all python builtins (int, float, dicts, ...) it allows you to write a python module (think of it as an header file) where you define all your "user-defined types" (imagine a numpy array, or a dataframe, or a PositiveFloat, or an Order object, etc) and enforces all these types automatically at runtime, additionally it allows you to enforce types between different modules, e.g in module B you import module A and you can enforce that a function in module B only accepts module A objects. There are a few other bonuses there and its all explained in the [README.md](https://README.md) on github. + +I wrote this code specifically to address the problem mentioned above, of being able to use Python for algo-trading but with some certainty that there were no type bugs on live/backtesting code. + +I hope you find it useful and naturally I am willing to answer any questions. + +Cheers + +[https://github.com/dxflores/invis](https://github.com/dxflores/invis) +The FT published [an article about bonds not being a good way to protect a portfolio from equitity volatility anymore](https://www.ft.com/content/1bf02b3c-fc53-4d65-8fc5-fa6875ab5a00) (I'll post the full article in the comments because it is behind a paywall). + +I'm most interested in discussing precisely what the article leaves out: if bonds aren't a sure way of protecting your money, what should you do with it? As I mentioned in the title, it recommends "looking for new forms of protection. A little gold, more cash than usual and an equity portfolio shifted towards value". + +What are your thoughts on this? What amount of money do you think should be stored as cash? +I'm looking to put my money longterm on a Clean Energy ETF such as [this one.](https://www.justetf.com/de-en/etf-profile.html?isin=IE00B1XNHC34) + +This will be an investment for the next 10 to 20 years. I already have a robust ETF portfolio and I want to diversify by including this one. I already made an investment in FTSE Allworld and SMP500. + +I think this is an industry that will slowly grow and become more important. But I am afraid I don't know enough about the players and the challenges lying ahead. + +Does anybody have a good opinion/perspective/advice on this or could suggest an alternative? +Hi Reddit! Some info for starters: I'm a European male with € ~30k to my name, mid twenties and I'm a student with 1,5 year left. Right now I'm living with my parents. After the 1,5 years I'll probably start renting my own room/studio (buying doesn't seem like it's worth it with this housing market). I'd use ~10k as an emergency fund. + +My questions is related to the stock market. My goal is to start investing longterm, since my money's slowly eating away right now and that just doesn't feel good. I do not plan to do this myself, because it takes a lot of time to asess risks and keep updated about the market. I'd like to use my focus on other goals, so I'll be using the help of a bankworker (with good reviews for decades via family). + +My question now is: should I even invest this money right away? Or is it better to wait, since I see so many people writing, commenting and talking to me about an inevitable crash or correction, and the prices that are overvalued. I know the rule to not time the market, but it just feels like I really should right now. I'd like to buy normal prices or a dip of course. Besides that, I'm not planning on buying a house because of the ridiculous housing market in my country. + +So, what's the best way to start investing this € ~20k that I have on me right now? + +I'm very curious. Thanks a lot. +Hi all + +I have been thinking about starting investing with Degiro for the long term for my retirement. + +The idea would be to invest into ETFs and some stocks. + +I expect the portfolio to growth above 100k in the long term. + +Is Degiro safe for that purpose ? I haven’t seen big amounts in most YouTuber’s videos who use Degiro. + +I am aware of all alternatives such as IB, 212, Revolut etc but I prefer Degiro. + +PS I am aware of the up to 20k compensation for invested assets. (https://ec.europa.eu/info/business-economy-euro/banking-and-finance/consumer-finance-and-payments/retail-financial-services/investor-compensation-schemes_en) +Hi All, + +I am long time lurker, but first time poster. I am looking for advice having in mind Austria as location (living here for few months). Thanks for any contribution! + +&#x200B; + +**Situation:** + +We are family 2 +1 (M29, F29, B0.5) and we are living in Austria (few months). I have stable job with good prospects. Wife is on maternity leave - she will come back to work after another 12 months or we will try for next baby. + +&#x200B; + +**Current assets:** + +10k Eur cash checking account + +75k Eur 0.7% fixed terms deposit (\~6 months renewals) + +15k Eur 1.8% fixed term deposit in PLN (6 months) + +1.5k Eur in physical gold (1 ounce) and silver (1kg) - I bought that in 2011 so basically I lost 50%... + +12k Eur car (not fully necessary, but we like traveling on weekend etc) + +0 eur debt + +&#x200B; + +**Income:** + +3900 eur/moth Netto (myself) + 2000 Eur/month (wife's karenzgeld) + kindergeld 200 eur/month. After maternity leave my Wife income should jump back to \~3000 eur/month. + +**Expenses:** + +In principle if I average our expenses including holidays, car maintenance etc we spend \~2800 eur/month. Of which flat rental is \~900 eur/month. + +**Goals:** + +In 3 years: buy piece of land (\~150k Eur) and build house (\~250k Eur) House construction will take \~1 year as I plan to do lot of work myself. + +Later: save long-term (children education and our retirement) + +&#x200B; + +**Questions:** + +1. What is, in Your opinion, best strategy to finance house in 3 years time? Try to maximize own contribution to loan or go for minimum and put rest into market? +2. Is it worth to buy land earlier or this is pure speculation on land prices? What are general recommendations if one wants to buy only land not ready house? +3. How to use 3 years to get good loan offer - should I take some small loans to increase my credit rating? +4. What to do with gold and silver - sell it? +5. I would like to slowly diversify my asset portfolio including ETF (and something else). What are Your recommendations for Austrian situation? Especially regarding tax effective methods. + +Best regards! +Hi all + +I have been thinking about starting investing with Degiro for the long term for my retirement. + +The idea would be to invest into ETFs and some stocks. + +I expect the portfolio to growth above 100k in the long term. + +Is Degiro safe for that purpose ? I haven’t seen big amounts in most YouTuber’s videos who use Degiro. + +I am aware of all alternatives such as IB, 212, Revolut etc but I prefer Degiro. + +PS I am aware of the up to 20k compensation for invested assets. (https://ec.europa.eu/info/business-economy-euro/banking-and-finance/consumer-finance-and-payments/retail-financial-services/investor-compensation-schemes_en) +Hi everyone, first post so please go easy on me! + +I’m a Brit resident, working, and paying tax in Germany. I moved here in 2020 under the withdrawal agreement, but my contract is only until the end of 2022. This might get extended, or I have the freedom to take up another job in Germany. Sadly, thanks to Brexit, freedom of movement in the wider EU no longer applies to me. + +I’m therefore trying to figure out a way of investing that can be flexible to such uncertainties and won’t leave me with complicated tax issues/problems - whether I return to the UK in the next 12 months or stay here for another few years or longer. + +For personal reasons, until this year I’ve not been able to risk my existing capital (£15k in a UK Help to Buy cash ISA, plus several thousand in an emergency fund) by investing, nor substantially increase my cash savings. This has now changed: I’m now able to set aside at least €1500 and perhaps as much as €2000 a month. + +I am familiar with the UK system of stocks and shares ISAs as a way of reducing tax, but am a bit at a loss in Germany. Is there some kind of equivalent tax-free “wrapper”? + +If not, what is the best way for someone in my position to invest, and what should I be wary of? + +I have set up Trade Republic, though I note that some of the frequently mentioned investments on here (such as VWCE) don’t seem to be available - perhaps there are others that are similar? So I’d be interested in any comments about specifics - platforms like Trade Republic, specific ETFs, etc. - though these are widely discussed so I’m also happy for pointers and to do my own research. + +But I’m also and particularly interested in general issues and gotchas: let’s say I put €1500 per month into (whatever investments) via an app. What do I need to be aware of? Are there any taxation issues that I have to declare in an annual German tax return? + +What happens when I return to the UK - do I have to sell those investments (with whatever capital gains tax Germany imposes) and transfer the resultant € to £ (incurring fees), or can I continue to hold those stocks - and if so, what happens with tax across jurisdictions? + +Thanks for your help. +The FT published [an article about bonds not being a good way to protect a portfolio from equitity volatility anymore](https://www.ft.com/content/1bf02b3c-fc53-4d65-8fc5-fa6875ab5a00) (I'll post the full article in the comments because it is behind a paywall). + +I'm most interested in discussing precisely what the article leaves out: if bonds aren't a sure way of protecting your money, what should you do with it? As I mentioned in the title, it recommends "looking for new forms of protection. A little gold, more cash than usual and an equity portfolio shifted towards value". + +What are your thoughts on this? What amount of money do you think should be stored as cash? +I want to buy an ETF that replicates the sp500 stocks. I want it to be in EUR. + +Looks like the best bet is iShares Core S&P 500 UCITS ETF (can somebody confirm this is a good option?) + +&#x200B; + +On the ishares website it says that I have 3 options to buy this ETF in EUR: + + Borsa Italiana , Deutsche Boerse Xetra and Euronext Amsterdam. + +&#x200B; + +1) What is the difference between these? + +2) Which one should I go for? I don't live in any of these countries. + +3) Is there a way to check which one is more popular? +I'm looking to put my money longterm on a Clean Energy ETF such as [this one.](https://www.justetf.com/de-en/etf-profile.html?isin=IE00B1XNHC34) + +This will be an investment for the next 10 to 20 years. I already have a robust ETF portfolio and I want to diversify by including this one. I already made an investment in FTSE Allworld and SMP500. + +I think this is an industry that will slowly grow and become more important. But I am afraid I don't know enough about the players and the challenges lying ahead. + +Does anybody have a good opinion/perspective/advice on this or could suggest an alternative? +Hi. I'm a 23yo expat living in Amsterdam. Neither my parents nor my education told me how to manage my money so I'm trying to catch up now, but it is all very confusing. + +My salary now is 50k euros per year (before tax, including holiday pay). I'm currently saving about 500-700 per month to take a mortgage to buy a house or an apartment. I also have an emergence savings for about 2 month. By the end of the month I also put what is left on my main account (usually from 50 to 400 euros) to saving, I'm thinking of investing in somewhere instead. + +I also checked on the government website the amount of pension that I would get once I retire and it is very low, so I want to save more for retirement myself. + +I would like to ask your advice as for what should I do with my money right now and in future. I am thinking about investing in some mutual fund or etf, but there is so many of them and I don't really understand how to compare one to another. I made an account on Degiro, but didn't put anything there yet. + +Btw I'm single and don't plan to start a family, in case that matters. + +Thank you. +Hey redditors, + +I currently have about €60k lying in a savings account and would be interested in hearing your thoughts on what to do with them. +I have a 6 month expenses emergency fund set up at the moment and a third pillar pension account (60 EUR monthly tax free deposit) + +DeGiro is not currently available in Romania unfortunately. + +Buying an apartament/studio in Romania earns around 6% yearly yield without taxes and other expenses. +Hey redditors, + +I currently have about €60k lying in a savings account and would be interested in hearing your thoughts on what to do with them. +I have a 6 month expenses emergency fund set up at the moment and a third pillar pension account (60 EUR monthly tax free deposit) + +DeGiro is not currently available in Romania unfortunately. + +Buying an apartament/studio in Romania earns around 6% yearly yield without taxes and other expenses. +Why this question : + +To find out what people have been doing in this period of uncertainty , some are waiting for a crash or recession. Some are aggressively buying mid and small caps . + +Some are too conservative now and sticking to complete money market instrument. + +Some do not care whether it's recession coming or not and doing their monthly investments ( very few ). + +I am just maintaining my asset allocation , nothing else , 70 (eq) - 30 (debt) . Rebalancing it once in 2 month . + +So, through this thread will find out what others have been doing , what outlook they have in short and long term , and what actions you have taken in past 6 months . + +Also mention if you have made any lumsum investments . + +Only equity and debt please . + +No gold , real estate . + + +Thank you . +**[Article on LiveMint](https://www.livemint.com/market/mark-to-market/a-brief-history-of-short-squeezes-before-gamestop-11611916187973.html )** +*** +Companies covered in the article: + +1) Piggly Wiggly 1923 + +[Related thread](https://twitter.com/dollarsanddata/status/1354561079926550530) on Twitter + +2) VolksWagen 2008 + +3) Tesla 2020 + +4) Reliance 1982 + +[Related article](https://www.capitalmind.in/2020/01/podcast-surviving-a-bear-attack-how-dhirubhai-did-it/) on CapitalMind + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Have been wondering if it is prudent to invest in two falling knives : +1.Vodafone Idea-the stock has been beaten up badly. +But with most banks having significant exposure to Vodafone idea and the fdi image of the government on the line if Vodafone falls-the government will eventually step in.Most media reports over the last few days echo the same. +https://economictimes.indiatimes.com/markets/stocks/news/if-govt-lets-voda-idea-go-belly-up-top-banks-to-take-big-hit-fdi-image-hurt/articleshow/72069726.cms +https://www.livemint.com/industry/telecom/government-considering-telecoms-firms-request-for-relief-on-overdue-payments-11573824075080.html + +2.Lakshmi Vilas Bank-the cost of setting up 600 branches and 1000+ ATMs across the country,the lobbying needed to get a banking license,the holdings that it has.Adding to all this- rbi has never let any scheduled bank fall down in independent India.Seems ripe for a take over even with the NPA crisis and management issues. + +Any thoughts on buying these falling knives at their CMP? + +In my first post on this topic linked here if you want to catch up : + +https://www.reddit.com/r/IndiaInvestments/comments/pypq0s/p017_my_own_approach_to_mf_part_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +My first principle came - the utter avoidance of PSU after losing a fair amount of money in US 64 . Literally investments made regularly since 1993 lost money as US 64 was a fair chunk. + + +In 2001 , Scraping around in old bank book and the investment file , trying to get rid of old penny stocks and checking old FD receipts to check if we had missed anything . I came across a surprise + +Two minor investments had done very well. + +One was a 5k investment made somewhere earlier in a fund called 20th century prudence . It became Zurich then HDFC prudence . Investment continued in it till 2014. It probably came with a free term life policy as well as I remember seeing that certificate . + +The other was a 8k investment made in a fund called Kothari Pioneer Bluechip which later became Franklin Bluechip and investment in it continued as well + +The first was a balanced fund , the other had the Sensex as a benchmark . + +But funnily enough , sometimes the performance of the balanced fund was almost equal to the fund returns of the pure equity fund . + +That led me to believe a lot in the balanced fund category and indeed a lot of our money went there . + +While I have not added more since 2014 , both are held as legacy funds . I haven’t redeemed them . + +You can check the performance here + +https://www.moneycontrol.com/mutual-funds/nav/franklin-india-bluechip-fund-growth/MKP001 + +https://www.moneycontrol.com/mutual-funds/nav/hdfc-balanced-advantage-fund/MHD001 + + + +This taught me two things . + +1. That for an average investor , a balanced fund is a very good place to start . + +2.There will be phases where a balanced fund with a 70:30 equity / debt allocation can beat a well run pure equity fund + +While I have not added any more to since 2014, the more I revisit this in my mind I feel that a simple well run large balance fund provides a lot of returns simplicity and comfort to an average person like me . + +With each successive boom/ bust cycle , the marketing engines sell investments like insurance, primarily based on fear maybe because that is what our minds have been conditioned to ? + +1. Is it diversified +2. Are the expenses low +3. Are the returns in line + +We seem to be forced to approach it like a term plan +1. Does it cover death accident covid and suicide +2. What is the cost per lakh +3. Is it sold by a reputed insurance company + +In 2001 , my learning was that returns can be found in the unlikeliest of places . That one should not approach an investment like we do insurance , driven by fear . + +The simplest basic vanilla balanced fund , actively managed , well run , can outperform a lot of fancier investments equity funds included . + +Here I have compared ICICI bluechip +Which is a pure equity fund , with HDFC balanced advantage which is a 75:25 equity : debt mix . I have compared direct plans . You can use this tool easily it’s quite self explanatory . + +https://www.morningstar.in/tools/mutual-fund-performance-comparison.aspx + +I love the Morningstar [not to +Be confused with lucifer morning star who is also very handsome] 😂 site a lot as it works on mobile and is easy to use . + +In 2001, I understood that simplicity works . A plane Jane boring old vanilla +Balanced fund with no excitement and no fancy apps pushing it can work +Wonders for a a new investor . Takes care of the diversification and asset allocation . Works better than a majority of pure equity products . +https://www.dailymail.co.uk/news/article-10372327/Venmo-PayPal-Cash-App-report-transactions-totaling-600-IRS.html + +Is the way forward to buy using cash on local stores? +Is this end game? Sure fucking smells like the dumpster fire we’ve been waiting years for. Am I scared? Honestly? Yes, I am(NOT FUD). I’m scared just because we are living through a time of absolute uncertainty. + +But, *the one thing I AM CERTAIN OF* is as soon as this bitch pops off and I get my money, I am going to make it my G-d damn mission to stabilize those who would normally be crushed by this, and make sure they have everything they need. + +Netflix fucked around and said apes “eat the rich” but **none of us would eat that rotten fucking meat** I will however, eat crayons as I “watch the rich get what’s coming to them” for destabilizing the entire world at the cost of their excessive comforts, their relentless crime, their abuse of power, and their recreational space missions. + +**WE ARE THE ONLY MOTHER FUCKERS THAT SHOULD BE GOING TO THE MOON.** + +The world doesn’t need billionaires. But MOASS is going to produce a LOT of billionaires, and I hope I’m not the only one who is perfectly okay with having maybe $10M for myself by the end of all this. + +So, I ask, I the only one? +I’m a 23 year old student and just finished an 8-month internship. I made about $25k during the internship and for the first time will have to pay taxes on my income. My main goal with investing has been working towards maxing out my TFSA. However, some people have recommended that I should also begin contributing to an RRSP. I realize that I could deduct those contributions from my personal income this year (but could also use them later on). Should I start contributing to an RRSP as well or first max out my TFSA? +It's not as blatant as before, because now they are pretending to be apes, and getting pretty good at it with ape lingo. + +I've seen: + +Asking legitimate questions that seem like they're searching for DD, but then as you read further into their posts comments, they're just spreading FUD. + +Giving apes advice, but sending them to suspect sites and clicking on unverified links that may try to phish for ape information. + +And I'm also seeing since last night and today, price anchoring coming back into play, but at slightly higher levels, as well as advising apes to sell a few on the way up and letting the rest ride. This is NOT the way. + +... + +We've been infiltrated. + +This weekend may seem calm on the surface, but make no mistake and read between the lines.. the sleeper cells have been activated. + +The only thing we need to know is: + +Buy, HODL, Vote. +🚀💎🤲 +Hi all. 3 or 4 of my friends and I are planning to each put in $50k and buy a rental property outright in the Tampa area. There is something alluring about a free-and-clear check coming every month (discounting the various fees, of course), but I feel that being completely unleveraged is perhaps too conservative as we start on this journey? + +&#x200B; + +Are there any thoughts as to the value of this idea? Alternatively, we could buy three or four properties with this money, but we'd all like to learn from our mistakes with a property that is already mostly/completely ours. My concern with buying only the one property, though, is that all my napkin math says we'll never come close to beating the market with this one investment. Should I be looking at this purchase as a hedge against the market - where most of my money is anyway? + +&#x200B; + +As to not wanting to lever, we don't want to be in a position that if things go south, we'll be on the hook for large mortgage payments every month (which only gets worse with 3 or 4 properties...). + +&#x200B; + +Finally, we are not concerned about going into business together; though none of us is rich, we can all fairly easily afford the 50k without panicking over decisions like it's our personal rent money. We'd rather lose the money than our friendships. + +&#x200B; + +Thanks in advance for any thoughts here! +I put an offer on a property literally a month ago. Since then we've had some back and forth about a solar panel on the property. We then decided we'll take over the lease of the solar panel and sent over a new offer saying as much. The sellers agent have been giving us the run around. He's saying the sellers dad does not know how to sign offer online therefore the son will bring it to him to sign in person. This was about 2 weeks ago. On Friday, the agent said we'll have the offer signed in his email after 4 pm. As you can see it's now going on Wednesday and nothing. My agent sent him another email on Monday morning and he has yet to respond. This has been the sentiment since out first offer. His communication is horrible. Couple weeks back my agent sent him an email saying he doesn't want to but if it comes to it he'll have to reach out to his broker, what do ya know. He responded that same day. I told my agent today to reach out to his broker. + +There's no recourse for me if after another couple weeks he decides he does not want to sell anymore. We think they're waiting to see if they get a higher offer. Can I take matters into my own hand and call this guy's broker on my own as I feel my agent isn't doing much as well?! Is that a thing or should I let him handle it.. I could have been looking at other properties ya know. +What are some good methods for finding good contractors? I've asked some realtors but never got any good references. My last contractor turned sour later in our project and I unfortunately referenced him to other parties while things seemed to be going well. +Now, I'm no professional trader, but this seems odd. The looting of Macy's in New York City made national headlines, yet it surged over 10% at times in day trading. What is this? Up from free advertising? Does the stock surge since the appearance of it getting looted makes it look like they sell good products? Target shares soared last week after widespread looting in Minneapolis, and Nordstrom surged today, they got looted yesterday as well. +So, the Dave Lauer tweet that says that GameStop is going to be issuing the stock split using a dividend to distribute the shares.... Does this not mean that the dividend that we are being given.... the gift that he has given us.... + +The hedgies now have to, as a dividend, deliver more shares to every shareholder. Suddenly, the brokerages and hedge funds and market makers need to find 3 shares for every one single share that you own. + +I am either really stupid, or this is really the case and hedgies r fuck'd. + +Will someone unjack my tits before I explode? +Guten Tag to this global band of Apes! 👋🦍 + +With the split by dividend just days away, the SEC rushed through a new rule and delayed the implementation of another. +I do not fear these changes. +They do, however, show how desperate those who oppose us are. +They are days away from destruction, and these moves appear to be just the kinds of desperate actions I'd expect from someone in that position. + +Meanwhile, GameStop continues to rise, bouncing off of the 'Critical Margin Theory' line several times yesterday. +With the incredible early success of the NFT Marketplace, GameStop's digital expansion is well on its way. +There is enormous room to expand beyond the current offerings, but this is a fantastic foundation to build upon as they court new partners. +Is the combination of the NFT marketplace and the impending dividend enough to firmly push GME above the line? + +Today is Thursday, July 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$140.35 / 139,42 €** *(volume: 930)* +- 🟥 115 minutes in: $140.30 / 139,37 € *(volume: 919)* +- 🟩 110 minutes in: $140.43 / 139,50 € *(volume: 914)* +- 🟥 105 minutes in: $140.41 / 139,48 € *(volume: 884)* +- 🟩 100 minutes in: $140.42 / 139,49 € *(volume: 880)* +- 🟥 95 minutes in: $140.41 / 139,48 € *(volume: 880)* +- 🟩 90 minutes in: $140.43 / 139,50 € *(volume: 872)* +- ⬜ 85 minutes in: $140.42 / 139,49 € *(volume: 863)* +- 🟥 80 minutes in: $140.42 / 139,49 € *(volume: 861)* +- ⬜ 75 minutes in: $140.44 / 139,50 € *(volume: 861)* +- ⬜ 70 minutes in: $140.44 / 139,50 € *(volume: 860)* +- 🟥 65 minutes in: $140.44 / 139,50 € *(volume: 853)* +- 🟥 60 minutes in: $140.58 / 139,64 € *(volume: 758)* +- 🟩 55 minutes in: $140.70 / 139,76 € *(volume: 710)* +- 🟩 50 minutes in: $140.68 / 139,74 € *(volume: 708)* +- 🟩 45 minutes in: $140.62 / 139,69 € *(volume: 601)* +- 🟩 40 minutes in: $140.60 / 139,66 € *(volume: 598)* +- 🟩 35 minutes in: $140.55 / 139,62 € *(volume: 533)* +- 🟥 30 minutes in: $140.48 / 139,55 € *(volume: 404)* +- 🟥 25 minutes in: $140.54 / 139,61 € *(volume: 404)* +- 🟥 20 minutes in: $140.58 / 139,64 € *(volume: 403)* +- 🟩 15 minutes in: $140.66 / 139,72 € *(volume: 375)* +- 🟩 10 minutes in: $140.60 / 139,66 € *(volume: 320)* +- 🟩 5 minutes in: $140.43 / 139,50 € *(volume: 218)* +- 🟥 0 minutes in: $140.42 / 139,49 € *(volume: 211)* +- 🟩 US close price: $141.28 / 140,34 € *($139.75 / 138,82 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0067. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +# Why HOGL is THE one + +HOGL launched 15 days ago and has amassed 8,600 HOGLers at the time of writing. It's Market Cap at roughly $6.5M. + +HOGL has a transaction fee of ONLY 2% (1% to HOGLers & 1% to burn address) + +&#x200B; + +**WHY THIS IS SO GOOD?** + +It leads to continuous steady growth of the price floor. + +It leads to not paying huge amount of tax when purchasing/selling these tokens. This tax is effectively marketed as the "transaction fee". + +Most other coins have a "transaction fee" of approximately 8-10%. So when you make a purchase on a coin with a 8% transaction fee, you are 8% down on your purchase immediately due to tax paid. When you want to sell you will pay another transaction fee as it is fee per transaction. You are PAYING 16% tax to buy and sell, if your coin didn't go up you've LOST 16%. This tax is essentially what is supposed to drive the price of the token up eventually. But when most of the tax is usually redistributed across holders as "FREE TOKENS" it can easily be offloaded, especially by whales that get the biggest part of the fee, it can actually damage the growth of the coin. And if the whales don't offload those "FREE TOKENS" their wallets will continue to grow bigger, and they'll be getting an even bigger part of that fee, eventually causing bad concentration of tokens. + +This is not good for any token, and this is now how coins should be created, such % are way too high. + +&#x200B; + +**TRANSACTIONS** + +30,768 transactions have been completed with HOGL + +There are currently 8,614 HOGLers. + +That's approximately 3.6 transactions on average per HOGLER (SafeMoon has 2.9 and SafeMars has 2.7) + +HOGL is currently doing MORE transactions per HOGLer and than other BIG coins mentioned, so even with a smaller fee, MORE transactions means MORE burning and less available tokens on the market. + +Most other coins burn rate is higher due to their transaction fee, but so is their total supply. HOGL has a total supply of 1 trillion, far lower than those of others with 1 quadrillion. + +HOGL only has approximately 137B coins remaining in supply, which is JUST 13.7% of total supply, the rest have been burnt or are in a locked address. + +&#x200B; + +**HOLDER DISTRIBUTION** + +HOGL has an EXTREMELY good distribution of holders, the highest HOLDER owns 0.3% of supply. When you compare this to other similar coins and you will see MUCH higher percentages of tokens in the top wallets. These wallets are effectively whales and they can cause significant price impact should they want to sell their holdings. This means a great risk of a BIG drop in price very quickly. + +&#x200B; + +**MARKET CAP AND GROWTH POTENTIAL** + +HOGL currently has a $6.5M market cap. For SafeMars this value is roughly $100M and for SafeMoon it is $728M (CMC). + +If you talk about expotential growth, it becomes increasingly more difficult for the larger cap coins to continue on their trajectory. They have likely already had their biggest increases. Only time will tell. +But when you look at HOGL, those big increases are yet to come! This is a true GEM. + +The biggest % increases of course come from lower cap coins. If you are paying 16% in tax for some large cap tokens, the token has to rise 16% in market value for you to just for you to BREAK EVEN - in large cap tokens this can be a significant amount of (A 16% increase for SafeMoon is a $116M INCRASE in Market Cap at current MC. That's INSANE to JUST break-even. + +HOGL has all the potential for growth ahead of it, it really is just in the BEGINNING of something you do not want to miss out on. + +&#x200B; + +**COMMUNITY** + +Hop into the Telegram [https://t.me/hoglfinance](https://t.me/HOGLfinance) and you will see a great community who have been holding since day 1. Throughout the whales emptying their wallets in the early days (which is why the distribution is so good on this token and well spread out - best I've seen), the price recovering and producing new ATHs over time (current ATH is from yesterday). + +&#x200B; + +**FINAL THOUGHTS** + +This is the best of these tokens I've seen, prove me WRONG, and if you aren't buying now when it's DIRT CHEAP at current MC then you'll get left behind on this incredible journey. + +I have further points I could talk about but I just wanted to give you a brief introduction on this token and why it truly is the BEST type of these tokens I have seen to date. Maybe I'll make a Part 2 on this because I only just got started :). + +Please leave a comment and upvote/downvote. + +\- Community Member Faisal + + +**LINKS** + +Website: +[https://hogl.finance/](https://hogl.finance/) + +Telegram: +https://t.me/hoglfinance + +Twitter: +[twitter.com/hoglfinance](http://twitter.com/hoglfinance) + +BscScan: +[https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26](https://bscscan.com/address/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26) + +CoinMarketCap: +[https://coinmarketcap.com/currencies/hogl-finance/](https://coinmarketcap.com/currencies/hogl-finance/) + +CoinGecko: +[https://www.coingecko.com/en/coins/hogl-finance](https://www.coingecko.com/en/coins/hogl-finance) +I’ve been selling CSPs for about 1.5 years now through Fidelity. I’m fairly conservative and am virtually never assigned. I typically have a decent cash reserve (~$100k) that I am using to secured the puts in case I am assigned. + +If possible, I would like to generate interest on the cash that I am using to secure the puts. Are there any recommendations out there for brokerages that pay the best interest rate for cash used for CSPs? + +I believe Fidelity offers this but the amount is very minimal. Robinhood Gold offers a decent % but it does not pay on cash that is allocated for short positions. Any other tips or thoughts? +Education wise, for me to properly understand what I'm doing, where's a good place to start? idm reading or watching videos (although I usually prefer the latter). + +I'm pretty noob and found myself losing quite a bit of money on calls and puts, mostly only browsing WSB. Even though more than 50% of the time the money moved in the direction I guessed, I still lost money mostly due to theta decay/IV crush (i dont even know the real difference between the two or are these the same thing?) + +Cheers. +Why are majority of the users in WSB ignoring the ORTEX Short Interest estimate of 64%? ORTEX has a good track record of making good estimates while the SI estimate WSB users are referencing to is from S3 Partners which have a bad track record of being close to the actual. Thoughts? +tastyworks / tastytrade allows you to follow professional traders and copy their trades. Is there a way to see their past performance? Is it a good idea to copy them? + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/gtmrv0kmtar41.jpg?width=597&format=pjpg&auto=webp&s=f1eb708ac304d024494eb310147f74ac6e7240ca +https://www.cnbc.com/2019/03/18/facebook-has-worst-day-of-year-on-downgrade-investigations-and-exits.html + +Facebook shares extended their losses Monday after a downgrade from analysts at Needham. + +There's growing concern that more executives could leave following the departure of Chris Cox, the company's product chief, who resigned last week. + +State attorneys general are looking into how big tech companies like Facebook and Google handle user data as the federal government fails to act. + +I am getting some money ready if it go down more! +I did this a bunch pre covid and now that events are coming back (..and maybe going away again..who knows) I wanted to share a tip on how I have gotten to go to some very cool yet pricy events for free! + +If there’s an event you want to go to and you have a little extra time (think beer festivals, conventions, even niche events like the 1940s Christmas ball) check their website to see if they need volunteers. Often times you’ll sign up to volunteer for a certain period of time during the event, usually 2 hours or so, and then you get to attend the rest of the event for free! I’ve done things like scanning tickets/giving out the entry wristbands, checking in the volunteers at the volunteer table, and even helping with pouring beer! +I have successfully beaten the market with my algorithms. My strategy involves investing relatively small amounts of money into hundreds of different stocks. + +I can imagine, with more capital, this strategy can be expanded to include thousands of stocks, and slightly more money per stock. + +This makes me think: I can pool various people's money, invest using the algorithm, distribute the profits, then charge a small fee for the service. + +... This potential makes me wonder why I don't hear other people doing it, or why I don't see any mutual funds or ETFs based on algorithmic trading. + +The best I have seen has been "arbitrage" based funds, which make much less money than my algorithm makes. + +... So what's going on? Why aren't there tons of algotrading funds around? +I'm thinking about taking a course on AI for portfolio management / trading and am wondering what experiences you guys have had with it. I'm concerned that it seems like a "cutting edge" tool, but when it is implemented it only has a trivial effect. + +Have any of you had material success with it? +I’m relatively new to dividend stocks per say, I’ve always invested in pure stocks and shares and never thought I could retire off the dividend payments once my portfolio grows to a good amount. + +A question I keep asking myself whilst doing my research, and particularly a number of YouTubers I follow all seem to recommend to invest in stocks which ultimately have gone down in value over the last year, but because they pay a good dividend they seem to think that’s ok. + +Is it though? + +Surely the idea is that you want your portfolio to grow over the years, and also pay dividends. + +I’m considering switching mine to good stocks with growth in both value but also a solid dividend, although that’s a little tricky this week of course! + +I’ve currently pulled all of my shares out whilst this blows over, looking at reinvesting for dividends this time though - any tips greatly appreciated. +I have 40 shares of VYM with an ave cost of $40 in my portfolio from 2011. I’ve had them on drip for years now as I started with 25 shares from a 1k work bonus. + +My gains are sizable at this point and it’s getting to the end of the year. + +If I plan to not touch this balance for another 30 years, do you all think I should sell and roll into SCHD? +I was looking at my paid dividends when I saw this. $LTC took money from me. Or rather they took back the dividend they paid. I had no idea this was a thing. Or is this a glitch...? + +&#x200B; + +https://preview.redd.it/vmzcfn9nyef81.png?width=670&format=png&auto=webp&s=30feac77e0f181a33f791b1b0e6f0368f9a9de18 +This is AWESOME! + +**Quick Background:** If you've been following my previous posts, I've been tracking deep OTM puts that have no reason to exist other than as a married put \[\*1\] hiding GME naked short shares. I've been waiting for the end of July so I can buy July options data to track the deep OTM puts just like I did for my post about [103M naked shorts hidden back during the Jan sneeze](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) as we had at least [30M hidden shorts coming due with the July 16th expiration](https://www.reddit.com/r/Superstonk/comments/oiemiu/peekaboo_i_see_30m_hidden_shorts_coming_due/). + +**Peek-A-Boo! Puts, Where Are You???** + +*Seriously! Where are you!!!* I took two snapshots of the July options data at July 12th and July 29th \[\*2\] and then summed up all the put open interest for options that are available to trade as of July 29th (the others would've expired). **I FOUND ALMOST NOTHING!** AND IT'S *WONDERFUL*! Take a look: + +||As of 7/12/2021|As of 7/29/2021| +|:-|:-|:-| +|Open Interest for Puts|466,949|500,127| + +*Only* **33,178** new puts were opened during the July 16th expiration. **33k TOTAL NEW PUTS!** Compare that to January 2021 when over 1M worthless junk put options were opened (delta <= 0.01). In July, the *total* puts opened was **33k**! + +We've been tracking these deep OTM puts because they have no reason to exist other than to hide shorts. So, *wut happened?* + +**DTC-2021-005** + +DTC-2021-005 was passed on [June 25](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/) and active on the Federal Register as of [June 30](https://www.reddit.com/r/Superstonk/comments/oasn0z/srdtc2021005_active_on_federal_register/). This one is important because DTC-2021-005 makes it so "[Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls](https://www.reddit.com/r/Superstonk/comments/ntg2ya/dtc2021005_is_supposed_to_be_the_regulatory/)." Until 005 passed, SHFs were simply abusing the puts as a cheap way to hide shares. + +DTC-2021-05 changed the game so that for the HFs to go this deep OTM, they need to be *fully collateralized* for those shares which now makes it very expensive to use new puts to hide shorts. It's now so expensive that they might as well just buy the shares! This new rule change means this is no longer a good hiding place for short shares. + +**WOOHOO!** + +Will they hide the shares elsewhere? Probably. Almost certainly, actually. Even so, this is a ***huge win*** as we've *eliminated* 1 of their most abused hiding places. Now that the married puts got divorced from the naked shares, they need to find a new place to crash. We'll keep tracking them, finding them, and exposing them until they have no place to hide! 🚀🌝 + +&#x200B; + +\[\*1\] I'm sticking with the married put terminology because that's what the SEC calls them in this [paper](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf) and it's from the original DD I learned from. + +\[\*2\] July 30 is an options expiration so it was easier to grep on July 29th to isolate just that days' data rather than the 30th which would've gotten that days data plus all the options expiring that day. +Ive saved a little into my retirement a decade ago, but my new job at a university is going to allow me to finally really save for my future. Yes, it is forced, but i dont mind because the salary bump to this new job more than covers the 6%. + +I can choose which funds to distribute my investment and the university matched investments at any time, ranging from currency funds and bonds to indexed funds. For now im going all in on a spread of american and foreign investments (some on canadian bank investments too, because i AM Canadian and for apparently banks are the more solid investments up here) + +Anywho, ive been lurking for years, but finally have been able to join the club! Hello! +Hi /r/options – longtime lurker, just wanted to express an opinion that I don’t see here often enough. It may be an unpopular opinion – and it’s probably been said here in some form before – but I think it needs to be said again. If you’re aware of it and choose to continue to trade options with a small % of your PNW then fine – this is more directed at those here who incorrectly believe that trading options in a retail account is a skillset that will save you from your day job, unfavorable life circumstances, or unhappiness. It’s not. + + + +**Trading options as a retail trader is gambling**. In the long run the odds are strictly against you. If you’re okay with that and doing it within reason, then carry on. Just don’t quit your day job or blow your lunch money lining Ken Griffin’s (Citadel) pockets. + + + +I was an options market maker for 3 years at a well-known Chicago prop shop, hired directly out of undergrad at a top school. Top 5 firm by volume for some major products (SPX), well-respected firm in the industry, etc. I was a clerk, then junior trader, then trader; I traded in the pit for 2 years and electronically (screens/clicking, mass-quoting, low-latency “eye”, etc) for 1 year. I say that to indicate that I have a good understanding of how these things trade – and I traded a lot of them. Our open positions – depending on the product – were in the tens or hundreds of thousands of contracts at any given time. (I left after saving some money to bootstrap my own company not in finance). + + + +All of the 4-page “strategy” self-posts and “trade idea” mumbo jumbo in /r/options are bullshit. These are the meanderings of hobbyists – not serious market participants. Options are priced by the market to be mathematically as close to “fair value” as the best minds, models, and firms in the market can dictate. + + + +So selling iron condors – while sexier than contributing regularly from your paycheck to VTI – does not give you an edge regardless of how well informed you think you are (unless you have insider info). Not only that, but because options expose you to risk factors other than directionality/delta (namely vol), they are an inefficient way to isolate an opinion on the market. + + + +I’m not an efficient markets guy, per se, but the options market is ‘efficient’ enough that for all practical purposes, retail traders generally do not have an edge. Since retail traders are generally crossing the spread or being picked off, each trade you make stacks the odds slightly less in your favor – something akin to the house edge in a game of blackjack, where the market makers / large sophisticated market participants are the house. + +Just wanted to put that down in writing. That is all – have a great week. + +EDIT: to clarify a bit. Options and futures are a [zero-sum game](https://www.investopedia.com/terms/z/zero-sumgame.asp). So for every winner there is a loser. So just at face value, if we say each participant has a 50% chance of winning, then the EV for each party is equal. However, if you shift the odds to be slightly in favor of the liquidity provider - say, 0.5% - then all of a sudden the 'maker' has an edge. Primarily, this edge is encapsulated in the spread, so each time you are crossing the spread, you're stacking the odds against yourself just a little bit. Retail traders lose in lots of little ways that ultimately stack the game against themselves: crossing the spread, inefficient or non-existent hedging, rebates given to volume participants, forced liquidations, amongst a host of other ways. + +As a retail trader if you place a limit order it's the same thing, since in most cases the other side of the order is 'picking you off', i.e. trading against you somewhere else or just algorithmically determining that it's a good 'bet' to trade with you. Market makers are much better at this than retail traders, so this is primarily done by market makers. +After all my bills are paid, I have about $300 to do what I will with. I'd like to start making my money work for me, and begin learning how to invest. The issue is I'm new and so far all I've been doing is saving in a regular savings account. + +Bonus points to anyone that speaks on things that they wish they knew early-on / what they wish they could've told their younger self. + +Thank you all for your support. +I am 18 years old and currently a sophomore in college. I left an abusive home situation almost two years ago and I'm completely on my own financially now. I feel like I have a pretty good grasp, but any advice would be greatly appreciated. In addition to being a full-time student, I also work full-time. I have two jobs and also babysit & walk dogs on the side for some extra cash. I make $15 an hour and it usually averages out to about $1,000 every two weeks. I don't have a rent payment right now, so I have been putting $400-500 of each paycheck into savings. I opened a Roth IRA with Vanguard and have 67% in VTSAX (total market), 15% in VTIAX (total international market), and 3% in VBTLX (total bond market), which I will max out every year. I have 3 credit cards, which I pay off in full each month, and have no debt. I spend about $50 a week on groceries and $30 a month on various subscriptions. I don't really have anyone guiding me right now or giving me advice — is what I'm doing smart in the long run? Any advice or suggestions? +As the subject says, I want to save for my son’s college, but I don’t know what college will cost in 14 years, let alone if he will want to go. + +I’m saving about $2,400 a year. And I have no idea if that will be too much or not enough. He’s also an only child, and so if he doesn’t use his 529, then what can I do with that account? I’m probably not angling to go back to school as I’ll be 55 in 14 years. + +I was able to get my undergrad thanks to a full ride scholarship. My graduate degree left me with debt that took eight years to pay off, and I’d love to be able to put him in a better situation financially than myself. +I am 24, single and in the us. I have a job making $58k gross and was planning on going to medical school. The standard advice is to invest in a Roth if your planning on making way more in the future than you do now. Well, anyway, due to a lot of factors, I've decided not to go to medical school and to stay with my job. As of now, I contribute 4% to my traditional 401k and 6% to a Roth 401k and my company matches 4%. + +Anyway, now to my question. My same job offered me a promotion to relocate and become a manager at $88k. Should I start contributing everything to the traditional 401k? If my math is right, if I contribute 10% to the traditional 401k, it'll be about $8800, which would take care of all my income that is taxed at 24% and then some. + +So should I invest all 10% into a traditional 401k? Just the income that will be taxed at 24% and the rest of the 10% to the Roth 401k, or just continue as I am? Bear in mind I won't go to medical school anymore so my future earnings won't be much higher than what it is now, adjusting for inflation. + +Edit: This is all very helpful information. Thank you for your time. +Dad passed away this last Sunday in the ICU after many years of battling heart failure, kidney disease, diabetes, and other slew of medical issues. He was 82 (I’m 26 and he had me at 55). It is my mom and my two half-brothers. + +Dad passed away without a will but had a life insurance plan of about \~$60k with my mom being the direct beneficiary. Dad's funeral and burial will cost about $18.9k, and Dad has two credit cards totaling $18.2k, leaving the final payout to my mom of \~22k, excluding pending medical payments from Dad's hospital stay. + +Both of my brothers will not dispute that all of the assets should go to my mom. The synopsis of this post is to figure out how to reduce debt payments that need to be paid from the estate and the next steps with probate or what to do. I have no idea what I'm doing and am trying to reduce the financial burden on my mom. + +Any advice? + +Thanks all, + +Grieving Son +Disclaimer: these aren't the entirety of my portfolio, also there are certain ETFs/stocks I can't buy due to the limitations of my app (wealthsimple). But hopefully this post at least gives you an idea, and you can do your own research as well (as you always should!) + +For novice investors: you should find an ETF that correspond to the industries mentioned below, instead of individual stocks. + +You may have already missed the initial jump by now, some of my stocks (Air Canada, Beoing) have already gone up 20-30% since I bought in Oct/Nov. These all have almost identical YTD growth curves from 2020, so you can spot them very easily. + +**Airlines/plane makers**: JETS (etf) is in my opinion a very safe bet, but if you want a bit of risk but potentially higher returns, Raytheon, Air canada, united airlines, boeing, Spirit aerosystems, ARR Corp. + +**Retail/investment banking**: mortgage, deferrals, low interest rates, etc. if you have a relatively long time horizon, I except this sector to rebound in the next 1-2 years. + +ETF: KRE, IAT, KBE, ZWB, ZEB, there's other ones, pick one that suits you best. + +Most Canadian retail banks have recovered to pre-COVID levels except Bank of Nova Scotia. + +American retail banks: Bank of America, etc. +American investment banks: JP morgan, wells fargo, etc. I'm sure you can find plenty of stocks in this sector. + +**Oil/gas**: long term wise they are on their way out, but short-medium term they stand to gain a lot as things slowly improve. + +Oil/gas ETFs: XLE (or whichever other ones you like). + +Oil/gas stocks: suncor, enbridge, Exxon mobile, BP, chevron. + +**Real estate/Property management**: + +ETFs: VNQ, XLRE, XRE, + +Stocks: Brookfield Property (BPY.UN), Riocan, (not familiar with US ones) + +**Entertainment**: PEJ (etf) to be safe. + +entertainment stocks: six flags, dave and busters, great canadian gaming corp, carribean cruiselines, norweigian cruiselines, IMAX, cedar fair. + +High risk: cineplex and cinemark have been hammered recently by Warner Bros, I personally think there will still be SOME rebound from pent up demand and cabin fever though. +https://www.bnnbloomberg.ca/gold-to-reach-us-3-000-50-above-its-record-bank-of-america-says-1.1424571 + +If this turns out to be true, what are some Gold stocks you'd get into? I've been in and out of Yamana Gold and it's made me a bit of money. +As of May 2nd, Hulu had 20M US subscribers to Netflix’s 55M US subscribers. I know much of Netflix’s recent valuation is based on International subscriber growth, but Int’l aside, how would one value US Hulu vs US Netflix? + +Hulu has a TON of original content, and by original I mean content by the major networks like ABC, NBC, and FOX. + +The bottom line is I’m trying to see how much value Hulu and then Disney’s own upcoming streaming service will add to Disney’s stock over the next 5 years. +So I am preparing for a debate between Austrian economics and Keynesian economics, I was wondering if anyone have any thing they would recommend that I look at/arguments to use, answers concerning both sides of the argument would be greatly appreciated. +“Dear BTC.com.au family, + +It’s with the heaviest of hearts that we announce BTC.com.au will be closing. + +As you have all likely seen and heard in the media this week, there have been multiple market crashes in both the crypto and stock markets, and sadly we have been very hard hit in this volatile climate and it is not possible for us to continue operating…From today, we have paused all trading activity and deposits to your accounts – but of course, the ability to withdraw your funds safely out of our platform will remain active. + +We will be keeping the platform alive until Friday, July 22nd to allow everyone time to finalise their accounts and to ensure everyone has downloaded their Trade Activity reports for tax purposes. + +Thank you – all of you – for choosing BTC.com.au and for being part of our family.” +[Source](https://btc.com.au/blog/an-important-announcement) +It's absolutely absurd how little volume there is on GME right now. If things continue this way, it will be the lowest volume day of 2021 without a doubt. It will barely take any volume to catapult the price. I remember I used to text my friend that the volume was dead when it was 20 million a day but sub 5 million each day is NOTHING! + +I smell a margin call coming soon considering the possibility of implementing 801 and 002... + +HODL!💎👐 + +Edit: holy shit we ended the day with only 1.7 volume that's ridiculous! +With the notoriety of GAINS posts, such as from /u/WSBGod, there has been an influx of such posts with just a screenshot of gains and positions, which could easily be faked. While this was good enough when the community was small, and there could be at least some trust within the community, it's just not enough. I followed the speedrunning community and they had the same issue where with more and more people being interested in the subject, more strict proof rules had to be implemented. + + +I'm not sure exactly how strict it should be, and what proof would be enough, but not excessive, but these stupid "I started with $80 and now I have $10^9000 in a span of a week" have got to go. + +Personally, I would rather have people first declare their positions as they acquire them, with proof, and only after can they show off their gains & losses. +I’m fairly interested in opening up an account so I can put money in it for lunch etc. I would use it for when I go on holiday abroad too since there is no fees. + +Please do let me know your thoughts on it +We have enough posts about how only 5% or 1% traders make it in forex over the long term. We also have enough material from traders making multiples of their accounts with small 2 3 figures account. But how much traders on a decent capital size, say 6 figure account (not in multi millions) makes as annual CAGR. Can such people share at least their stats (return, win rate, win/loss ratio and DD)? I understand the MM part and hence asked for stats, so please spare me such comments. + +Thanks. +So theres a a lot going on with NK and JA. And i know that the tension between these two can cause the market to shift in value. My question is how do this events scale to the point where they'll make an impact? For example, recently there have been reports of missiles flying over Japan from NK. Would this event shift the market at all? If a missile was to hit JA would that be bad for ¥? I would assume so but, I would like to confirm here. +The news couldn’t be greater for stocks! They already priced in years of sub-par and negative gross while being at historic highs!!! + + +https://www.cnbc.com/2020/04/14/imf-global-economy-to-contract-by-3percent-due-to-coronavirus.html +I'm planning to resign this Friday and am starting to get cold feet. Tell me I'm not crazy. + +42, $4.2m (including a paid off $800k home), MCOL, 2 elementary age children, stay at home wife, annual expenses $150k. + +I have not enjoyed my job for at least a year now. I count how many more meetings until the weekend and feel a sense of dread each time I open my computer. I may just be burnt out. + +I am compensated well for my work. Base + bonus + equity vesting puts me at over $500k per year and it is scary to walk away from that. + +I have not decided if this will just be a break or a full career change of some sort. I do think it'd be challenging for me to find this level of compensation again though and am so thankful that we've saved well so that I am able to make this decision. + +Am I crazy to walk away and take a break? Is this too risky? +Was thinking to buy this for my diabetic father and mom with hypertension. + +Premiums are a bit on the higher side but no waiting period for bp and diabetes related illness. + +Anyone who has taken this policy for their parents? How is hdfc ergo in general, claims and customer support? + +Thanks for the inputs! +I have been looking very closely at the US market for the past one year and also been doing a little investing in it. And during this I found more cons than pros. Some of them are- +Looking at two news sources. + +While the fraction investing is great it is heavily taxed and lot of transaction fees. + + +The market seems very mature and seeing even the average index return Indian market is still in the growing phase and the real money(stock market-wise) minting is where the growth is. + +A bit patriotic- apna desh ka vikas. +Hello! + +I recently decided to hire a Fee only Financial Planner. After talking to few, I was became sceptical on whether I should really go ahead and trust someone else for my financial decisions? + +A small move here or there can make or break my entire future, especially in a society where money is almost the central pillar of existence. + +All of them said, they would not recommend equity investments. Only MFs and all other financial instruments. This made me realise, that that is something even I could do with some help from internet and peers. + +[In no way I am undermining the capability of these Financial Planners and this is just my personal approach towards handling my investments] + +I am here to know, how many of you are managing your portfolio and future by yourself? + +What are the initial challenges that you encountered and how did you overcome those? + +And on that note, what are some tips you could share with a beginner? +Most people I know invest through regular method and they say it makes them feel “safe”. + +So I just wanted to know if any of you guys are investing through regular method and if so why? +(4 bed 2 bath detached house, family of 5) We are thinking of swapping our old boiler for a system boiler and 250 liter hot water cylinder, currently boiler downstairs and needs to be moved into the loft, hit water cylinder is in the airing cupboard and will replaced in the same location, this obviously require new pipe work along some being chased into the ground, and about 11 new radiators being fitted, currently have small pipes which we want ti replace, I have been quoted just under 7k to complete everything, does this sound high? Appreicte it would be allot more than a standard combi but was expecting under 6k any thoughts welcome. +Sup you retards. multiplied my account 25000% the last month. to all you fucks complaining about my battery health go eat a dick. + +&#x200B; + +https://preview.redd.it/wtz7w5nmgxn41.png?width=1125&format=png&auto=webp&s=6438aa84068f293c1d6906924c84cbeb2386d99c + +&#x200B; + +https://preview.redd.it/dkzq5lkogxn41.png?width=1125&format=png&auto=webp&s=72429ed0759964e4a8e70b0b637c7ddbef0d4479 + +&#x200B; + +https://preview.redd.it/lwxci22vhxn41.png?width=1125&format=png&auto=webp&s=2605340357e095d64ba25c99ae08a370b52ca701 +Hi, + +Me and my partner are in our mid 30's, married with 2 small (preschool) kids, living in a HCOL city (non-US). + +Our NW is around $7M, mostly due to a recent IPO with lots of early stock. + +Our dream, and number one goal, is financial freedom. It's much more important for us than owning a house, for example. +This doesn't mean that we will retire immediately and never work again - but the availability of that option and the freedom it provides is what we are interested in. + +To that end, our plan is to create a portfolio that will generate passive income that will cover all of our expenses. + +Specifically, we want to allocate around $2.5M to several ETFs that pay out monthly - BST, DIVO, NUSI, JEPI, XYLD, RYLD & QYLD. + +Depending on the allocation of the ETFs, you can expect to get an annual yield between 7%-10%. + +We're shooting for a 8.5% annual yield, which will generate an income that is slightly above our current combined (post-tax) income (we're both in tech, so it's relatively high). +This should be enough for us to comfortably live on, especially keeping in mind that we will have more money saved and invested in other assets. + +The main pros that I see with this approach is that dividends seem to be consistent and reliable (including in bear markets), and that it requires minimal maintenance (dividends are paid out monthly, no need to sell anything). + +The main cons are giving up asset appreciation for monthly dividends (after a few decades the gap in value compared to say, S&P500, can be substantial), and the risk of these ETFs slashing their dividends for some reason. Also, we will be exposed to the exchange rate of our local currency vs USD. + + +I'd love to hear your thoughts about this plan. Is anyone else doing something similar? Am I missing something? +I'm quite confused by the market reaction to the Fed meeting today. Definitely not an economist, so hoping someone smarter than me can help explain it. + +We all expected the Fed to raise rates sometime in 2024. In yesterday's Fed meeting, the median dot plot projected them increasing it twice in 2023 instead. Furthermore, they increased inflation expectations. Aren't higher projected inflation expectations and higher interest rates coming a year earlier both bad for tech stocks? Why are they rallying instead, with cyclicals/reopening stocks tanking? +For beginners in the investing world, I think this video is a great overview of how the economy works. So much mention of interest rates and debt gets tossed around, but a lot of people don't really understand what it means or how it impacts anything. This should help. + +https://youtu.be/PHe0bXAIuk0 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Just had an H&R block employee call me directly today and repeat, verbatim, the words I spoke to a "confidential" phone survey the day before. She proceeded to insult me directly, speak in a completely condescending manner about my lack of tax experience, and inform me that yet another mistake on her behalf (yet she blamed me in the call) was preventing submission of my taxes. Learned not to use H&R in a desperate pinch, and that H&R obviously doesn't respect your privacy. +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. +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. +&#x200B; + +Artis REIT ([AX-UN.TO](http://ax-un.to/)) I wrote about recently, but has since released its financial results. I was pleasantly surprised they surpassed my $17 NAV target to hit $17.40 NAV. Below I outline the path to $20 NAV, possibly by the end of Q1 reporting. If not, Q2. It is important to note that a sizeable chunk of Artis is Industrial, while Office is being slowly sold. Samir's history with industrial REITs should not be ignored. + +&#x200B; + +\----------- + +&#x200B; + +**Gross Leasable Area** + +&#x200B; + +48.8% of Artis' Gross Leasable Area (about 9.5M sq feet) is currently Industrial. An incredibly fast growing area in high demand with rising rents. Artis has been focused on Industrial, and continues to focus on its development here. Even after Artis sold off the majority of its GTA Portfolio for $750M, it still is the REITs largest footprint (was 54.3% before sale, now 48.8%.) Artis also has all their Calgary office space up for sale (nearly 700,000 sq feet). Some sales should be announced this year, which will only help shift Industrial to become over 50% of GLA again. In addition, around 1.469 million square feet of industrial is in development. Industrial will soon be well over 50% of GLA again, and clearly this is the path Artis is taking. We should view Artis as an industrial focused REIT long term, with a shrinking office segment, and smart management who is aligned with unitholders. Artis' new vision is to close the NAV GAP, currently at $17.40, and insiders with their 29% ownership have put their money where their mouth is. Samir and Sandpiper continue to buy units regularly. + +&#x200B; + +\----------- + +&#x200B; + +**Industrial Valuation** + +&#x200B; + +After selling $750M in Industrial, well over its $550M IFRS value, we can easily see the 36% upside in industrial asset value. If we take the 1.5B left in industrial, add 30% upside(slightly lower than the 36% upside realized from their recent sale) to be the likely market price, and we can achieve a roughly 2B valuation on industrial today, vs 2B in Office, 200M in Residential, and 700M in Retail. Doing some simple math, it's easy to see how undervalued Artis is trading today. At 17.40 NAV, and 11.6X trading price, it can be viewed as nearly no value is being put on their Office Portfolio. If you are investing in Artis but have concerns about Office (which they have good assets and good tenants IMO), then don't worry, as we are not really paying much for it anyways. + +&#x200B; + +\----------- + +&#x200B; + +**Sandpiper's History with Industrial** + +&#x200B; + +For those that are not familiar with Samir/Sandpiper, Samir helped transform Granite REIT into what it is today through a proxy battle in 2017, and was able to shake up the board at Granite. What we see with Artis today is a new Artis after Sandpiper won its recent proxy battle. Insiders now own around 29% of the REIT, so are highly aligned with us, the unitholders. Sandpiper has also greatly reduced admin and board fees. This is no longer a management looking out for themselves in the way of collecting management fees. It is now a management that is highly motivated by an increase in unit price. It is worth searching for some of Sandpiper's history with Granite to get an understanding of their activist endeavors. + +&#x200B; + +\----------- + +&#x200B; + +**Buybacks** + +&#x200B; + +Artis has been running a healthy buyback program. Units have been reduced in Q3 to 125M vs 135M in Q4 2020. The discount to NAV on purchases is quickly driving up NAV of the REIT, while at the same time contributing to reduce the payout ratio and retaining FFO. This buyback program can continue funded by recent dispositions, and retained FFO. As shares are bought back, weak hands are being removed, and insider ownership is growing. This is guaranteed ROI, and is the right thing to do when units are trading at such a discount. + +&#x200B; + +\----------- + +&#x200B; + +**Cominar Purchase Breakdown AKA Steal and Flip** + +&#x200B; + +Artis is participating in the buyout of Cominar. This is an incredibly lucrative acquisition which I can help explain below. Currently we do not have all the details as it is being kept private. Artis and the consortium are keeping this deal private for good reason. Revealing to Cominar's unitholders how they are going to essentially steal the REIT and realize a gain from a massive NAV discount, and dispositions, would risk Cominar's unitholders to reject the deal. Management of Cominar is very poor IMO. Not only can they not turn the REIT around, they had to spend millions on outside consulting and bankers to sell the REIT well below NAV, when normally these transactions occur above NAV. + +Cominar Industrial: 15.25M Square Feet, 190 Buildings 2.17B \~37% of NAV + +Cominar Retail: 9.4M Square Feet, 41 Buildings 1.65B. \~25.4% of NAV + +Cominar Office: 11.07M Square Feet, 79 Buildings, 2.32B Fair Value. \~37.6% of NAV + +Q3 Reported NAV $14.72 vs Purchase Price $11.75 + +&#x200B; + +This is a purchase of just under 20% discount to NAV, or 4.91B for 6.14B in Assets. This is a simple way of looking at this, ignoring other assets such as cash, joint ventures, properties held for sale, receivables, etc. + +&#x200B; + +It was revealed that Blackstone will purchase the Industrial Portfolio. I expect this will be purchased for around 15% above NAV, or about 2.5B for 2.17B IFRS in properties. + +&#x200B; + +Group Mach will purchase some retail and office for a total of 42 properties. Likely at NAV. Let's throw a number of 1B. This is a complete guess and won't be a big deal if wrong, as it's unlikely to fetch far off NAV in this deal. + +&#x200B; + +The consortium will purchase 6.14B in Assets for 4.91B, then sell 2.17B IFRS of industrial assets for 2.5B, which results in 2.41B purchase cost for 3.97B in Assets. Then sell 1B to Group Mach, resulting in 1.41B purchase cost on 2.97B in Assets. + +&#x200B; + +Essentially, the end result is roughly 50% discount to NAV on this deal for the consortium on the assets they are retaining. Everyone is getting a deal here. Blackstone is getting quality industrial at a small premium to NAV, Group Mach gets some properties aligned with their objectives (if cherry picked, they may have paid a premium to NAV), and the Consortium gets many other quality assets at a massive discount to NAV. As example, Alexis Nihon is expected to remain in the Consortium. + +&#x200B; + +As Artis appears to be applying around 214M to this deal in common as well as preferred units, we could calculate a rough 200M ROI, or about $1.5 to $2/unit in NAV gains. The 215M investment by Artis matches closely with a 1/3 purchase arrangement assuming a 55% debt ratio, which supports roughly as outlined above. Again, these are all speculative, and the numbers are not really important, and will NOT be accurate. What is important here is to visualize how this transaction will be profitable. Return on the investment would also be realized quickly, as Blackstone and Group Mach will purchase the properties immediately. + +&#x200B; + +Again, no information has been released so this is strategic speculation with the little information we have. It is all very hush hush until the Cominar vote is approved. Samir and the entire buying group is a smart bunch, and this is a perfect example of how Artis is driving up NAV through unconventional REIT investments. I anticipate my estimate is going to be off, but the visualization of how the deal will drive unitholder NAV gains is most important and should be somewhat accurate. + +&#x200B; + +\----------- + +&#x200B; + +**Special Distribution** + +&#x200B; + +Artis is expected to declare a special distribution over the next 2 weeks. I expect this will be a cash and unit distribution, similar to H&R. Details are yet to be announced. Artis' new mandate is to grow NAV, so keeping as much of the NAV in Samir/Artis' hands is likely. I am not expecting a big cash payout, but instead we are rewarded with a continued rise in NAV, and in turn, the unit price will follow. Remember, Artis is now owned around 30% by insiders, with Sandpiper taking a huge stake in the REIT. They are fully aligned with unitholders, and will do what is best for the unit price. + +&#x200B; + +\----------- + +&#x200B; + +**Conclusion** + +&#x200B; + +Artis' takeover by Sandpiper/Samir has created a REIT investment vehicle this market has not seen before. Samir is taking a "boring" REIT, and utilizing its size and quality assets to make moves not possible by Sandpiper or Artis themselves. This is creating exceptional NAV gains, and we are not even 1 year into Samir's leadership. NAV has already grown to $17.40 in Q3 2021 from $15.03 in Q4 2020. If buybacks will generate an additional 80 cents through Q4 2021/Q1 2022, along with $1.50 to $2 from the Cominar purchase, we have a chance of realistically breaking $20 NAV by the end of Q1. + +&#x200B; + +\----------- + +&#x200B; + +**Disclosure** + +&#x200B; + +I own Artis, and have recently acquired more on Friday's panic selling. I will likely add more if any further weakness is seen. + +&#x200B; + +\----------- + +&#x200B; + +**Risks** + +&#x200B; + +I should not need to mention the risk of a new wave of COVID, but I will. An additional risk I could see is a failed takeover of Cominar, although if Cominar votes no, they need to pay a breakup fee to the consortium. + +&#x200B; + +\----------- + +&#x200B; + +**Sources**: + +Press Release - [https://www.groupemach.com/en/news/1090-mach-purchases-a-significant-portion-of-cominar-s-portfolio.html](https://www.groupemach.com/en/news/1090-mach-purchases-a-significant-portion-of-cominar-s-portfolio.html) + +Earnings Calls & Earnings Reports + +Cominar report to unitholders Circular - [https://www.cominar.com/en/press-room/press-releases/1130/cominar-files-management-information-circular-for-acquisition-by/](https://www.cominar.com/en/press-room/press-releases/1130/cominar-files-management-information-circular-for-acquisition-by/) + +&#x200B; + +\----------- + +&#x200B; + +**My Previous Artis Write Up:** + +[https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis\_reit\_by\_retiredceo\_a\_sandpiper\_target/](https://www.reddit.com/r/CanadianInvestor/comments/qa4hbv/artis_reit_by_retiredceo_a_sandpiper_target/) +hi gang: + +i have accts open at wealthsimple, questrade and now also national bank (due to free fees) + +...so it's a bit tedious tracking stocks at these different instituions (and each value is different given when I bought the stock/etf)...is there a good app or software you subscribe to (or even excel sheet link) you use to track them all? +Part of my FatFIRE plan is the perfect waterfront property. I found it. Here is my challenge and I am hoping this group has insights where Google has failed me. + +The property is held in a single purpose LLC which has been inherited by the present owner. The owner is outside the US and wants to sell but seems anxious on the US taxes they will owe. + +Is there any value in buying the holding LLC rather than the property? Perhaps with some earn out terms that help with tax efficiency for the seller? + +I have googled to no avail and perhaps am using the wrong terms. + +Edit: thanks for the feedback. Looks like I should do two things: not buy this LLC, but set one up for my other properties, transfer all my secret liabilities into it, and sell that! +I am 31, FI, and 1-2 years away from calling it quits from the daily grind. Ideally, I could partially replace my current salary with something more passive. + +I am very active in the stock market with my portfolio generating more dividends annually than my current salary and I'm hoping to diversify my passive income. I don't expect or *want* to not work at all. I would just rather not slave away at a desk working for someone else. Things I am considering: + +* Real Estate + * Mult-family properties w/ property management + * Triple Net Lease (NNN) + * Hard money lending + +What other ways do you make passive income? +tl;dr - Went from 4.3m to 4.6m. Investments went way up, urge to track spending went down, crypto wound up flat but varies a lot each day. Spent a lot, got a low paying short time job by accident. Still fucking myself. + +&#x200B; + +History: [FIREd in September 2020](https://www.reddit.com/r/financialindependence/comments/itmbmz/went_full_fire_today/), gave a [6 month update in March](https://www.reddit.com/r/financialindependence/comments/m5vq2s/post_fire_6_month_report/), this is the 1 year update... a month late. + +&#x200B; + +**Investments & Net Worth (Canadian)** + +My family's net worth went from $3.2m last year to $4.3m in March to to $4.6m today. Over the last 7 months, investments gained $300k, crypto gained $100k and spending was $77k. + +I spent some time automating the spreadsheet that tracks our net worth. It now accounts for every investment, crypto and foreign exchange. My wife and I can now check our net worth in seconds on any device we own. On any given day, our net worth will go up or down by 30 - 100k, mostly due to crypto. Monthly we manually update our bank & cash numbers. + +I tried to isolate investments I consider very low risk & low reward (cash in investment accounts, money market funds, low variance funds), so I have retroactively reclassified them as "low risk" and have been migrating away from them. + +This table is a hot mess, but is a summary of where we were at various times ($ in thousands). + +&#x200B; + +|Date|Cash & Low risk|Equity Index ETFs|Crypto| +|:-|:-|:-|:-| +|Sept 2020|990k|1900k|310k| +|March 2021|750k|2470k (contrib 420k, gain 150k)|1100k (cashed 250k)| +|Sept 2021|390k|3130k (contrib 360k, gain 300k)|1120k (cashed 80k)| + +The plan is to get down to $100k in cash, and cash out more crypto next year. + +&#x200B; + +**Spending** + +It has been very hard to track spending. My short term work earned money, I received a $10k tax return. Money moves from so many accounts for many different reasons. + +In the last 6 months total spending was roughly $77k with a goal of $50k. We knew that we would spend more, and being well over our FIRE number made it too easy. We did buy some major items for the home that should last decades, but did not buy the car yet. + +We also decided to do a one time gift of $40k to close family members. We have given away $15k of that so far. + +I booked and partially paid for 2 big trips next year - Bahamas and Fiji. $5k. + +If you back out the major household items (water heater, furnace) and the $15k for the onetime gifts it comes closer to the target of $50k. (edit: finished the sentence). + +&#x200B; + +**Personal** + +My health took a beating in March - June this year and I gained a lot of weight. I am back on track as of September - have been kind of watching what I eat and going swimming almost every day since quitting my new job... + +Back when vaccines started ramping up, I tried to volunteer to help get people vaccinated. The recruiter only needed people who were certified to inject, they had all of the other jobs filled. In September, I was contacted and hired to help with booking covid vaccines. I helped 28 people, but only actually booked one vaccine. I quit after 2 weeks because each employee was only helping about 3 people in a 7.5 hour shift. My leaving was not noticed at all, and since then, some employees helped no one for several days. For pay, it was $19/hour or about a $35k / year job. It was crazy that each day our net worth would change by more than a year's pay at that job. + +Our family has finally started going out post vaccination. In August, we took a first trip for a week. I used to travel all the time, now it was 18 months between hotel stays. The Canada/US border is opening, so we can see relatives, and we have tickets to see Andrea Bocelli in December and an art show in January. + +Recently, FIRE has become the new normal. I barely think about my old work, it seems like a distant memory. + +&#x200B; + +**Future** + +We do plan on buying a car soon, perhaps in these 6 months. We are also going to replace other major items soon. + +Long term, it looks like our net worth will continue to climb. We are considering how to properly educate and give to our children in the future. Our sons don't know specific numbers, but do know that mom & dad have more than enough money. I have to remind myself that its important for them to feel agency when they buy something when they slap down a $20 to get a game or something on Amazon. + +If people are interested, I will update yearly. + +&#x200B; + +Edit: + +Here is a template that shows the automation and layout of my spreadsheet: [https://docs.google.com/spreadsheets/d/1El8osPHPE8ljbLw6UDyIR06KjjWjuQt1OKL3vkjxrBg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1El8osPHPE8ljbLw6UDyIR06KjjWjuQt1OKL3vkjxrBg/edit?usp=sharing) + +&#x200B; +My fiancé was locked out the house and called the first locksmith on google who charged $715 to drill out our front door. I called multiple locksmiths immediately after who said $150 was the most they would charge. The company is now refusing the talk to me saying that they explained the charges to her. She was clearly taken advantage of but I’m not sure what to do. We paid on a credit card. Do we say it was fraud? +So im at 6 units and want to one day have 15. + +I have my 20% down but banks will only approve me for 150k while i would need min 450k + + +I'm making 70k revenue and 60k from my units. + +I have lines of credit open for 70k but they are unused as well as 8k available on credit cards which i also pay off each month, i only use 2k. +Would reducing this increase my mortgage possibility? +My partner and I (not married) live in a small townhouse style condo community. He just bought the condo last May. Our building is two units, side by side, and our neighbor just told us that his landlord wants to sell. I’m thinking about buying that unit. Any reason why I shouldn’t? + Greetings my fellow r/cryptocurrency members this is my first proposal I’ve made so I apologize in advance if this isn’t top grade. + + +I would like to talk to everyone and get their thoughts and opinions on moon tipping. As we’re all aware if you don’t tip/sell out any moons you will be rewarded with a extra [20% bonus](https://np.reddit.com/r/CryptoCurrency/comments/kj2ij0/poll_bonus_karma_for_people_that_keep_moons_in/) on your karma per distribution round. + + +Personally I think 20% bonus is a great function for the subreddit as it encourages holding, but I also feel it’s a catch 22 since one of the use cases for moons is tipping and if you do so you will penalized for doing so, this effectively discourages people from tipping out there moons. The last moon tipping proposal didn’t pass because it was a % of your total distribution round earned and not a fixed numerical amount, the concern was that moon whales could sell a large portion of moons without loss of 20% bonus. + + +\*\*Solution:\*\* I personally think a leeway of tipping up to 100 moons per distribution is fair since at the time of writing this 100 moons = $7.91 + + +I’m curious to what your thoughts are on this? Is 100 to much? Too little? Or is it just right? I think 100 is good because it allows users to tip a “fair” amount of moons to newbies/quality post and comments, while also restricting users from tipping another alt account to sell off a high fraction of there moons + + +100 is just a start, if we like the idea and put it to use we can always revise the proposal and bump it up higher I look at tipping 100 as better then what we have now in place + + +TLDR: \*\*proposal to tip out up to 100 moons per distribution round without losing 20% karma bonus\*\* + +[View Poll](https://www.reddit.com/poll/oghosk) +Previous posts (most recent first): +https://www.reddit.com/r/UKPersonalFinance/comments/h0i9m0/how_to_pay_deposit_to_solicitor_prior_to/ +https://www.reddit.com/r/UKPersonalFinance/comments/fdgjs6/i_made_an_offer_on_a_flat_but_appear_to_have/ +https://www.reddit.com/r/UKPersonalFinance/comments/fbt4qi/what_would_be_fair_ball_park_figures_for_the/ +https://www.reddit.com/r/UKPersonalFinance/comments/fbbr8s/making_an_offer_on_a_fixedprice_property_scotland/ +https://www.reddit.com/r/UKPersonalFinance/comments/ex5yrr/getting_much_closer_to_buying_my_first_property/ +https://www.reddit.com/r/UKPersonalFinance/comments/eiyjs1/looking_to_buy_my_first_flat_who_to_approach_for/ +https://www.reddit.com/r/UKPersonalFinance/comments/c5an5f/which_of_barclays_mortgages_would_be_best_for_me/ +https://www.reddit.com/r/UKPersonalFinance/comments/byjxt4/low_income_but_low_loantovalue_hoping_to_get_a/ +https://www.reddit.com/r/UKPersonalFinance/comments/ayfbv6/what_to_do_with_4k_in_cash_when_i_am_saving_for_a/ +https://www.reddit.com/r/UKPersonalFinance/comments/9du131/how_close_am_i_to_being_able_to_buy_a_flat_what/ +https://www.reddit.com/r/UKPersonalFinance/comments/5ulnv9/how_and_when_do_i_fund_my_help_to_buy_isa_savings/ + +I finally got my own place! :) + +https://imgur.com/a/fFsi0Er +https://imgur.com/a/TsjlZHx + +It has taken over 3 months to go through due to everything going on, and I still haven't moved in yet, but I've got the keys and have started clearing the garden (most or all of the trees are going to be felled). The gas is due to go in soon (cost me £750), after that GCH and carpets, and finally me and all my crap! :D + +There is almost too much backstory to write, but feel free to ask if you have any questions. +Hi everyone, + +As a foreigner, I just can't wrap my head around the cost of stamp duty ( can go up to >60k for over 1 million house in Victoria) and a 20% deposit. Even if the deposit is 300k, which can take an awful long time to save up. How can people pay for interest+principal of 1.2 million or more in mortgage monthly? +What happen when you have kids and only 1 person work? + +Is there a formula that I'm missing? +I'm on an average income and single. If I can save 30% of my salary, it will take me at least 7,8 years to save up 100k. By then the house price will go up again. + +I swear I feel like everyone knows how to do it except me. + +Edit: so far I learn that, you can make it by having inheritance from parents/grandparents. My parents luckily can support on their own and their house only worth 50k ( not in Australia obviously). + +Option 2: start with a cheaper house. I'm 28y.o single with my furry son, salary is 100k no hecs = $5700/m. + +I'm lucky if I can save 2k a month. Will take me 50 months for 100k deposit + stamp duty. + +Option 3: find a partner with 6 firgure income.... surely this is easy right? 😑 +What I mean is, what is the suggested action to take? I invest with Vanguard, so after 25 trades, it’ll be $7 a trade. Should I accumulate a few thousand before making purchases of APPL each time to limit that fee? + +Right now I own about 135 shares of APPL. I plan to hold the stock and more for the next decade. Is there anything I should know about, such as any time I should sell and repurchase? Or should I just continue buying and hold steady, never selling? +Hi everyone, this is my first time posting to this sub Reddit. I'm currently 23 years old and I just crossed the three month mark at my employer so I can start making 401k contributions. I make $23.08 an hour or roughly $48k a year pre tax. My monthly take home pay is usually around $3100 (I get a bit of OT when meetings run long and I'm allowed to clock in 10 minutes early so I do) and I am currently putting $1k to savings ($600 towards a car and $400 towards building out an emergency fund), $500 to Roth IRA and $600 to private student loans per month. I currently live with my parents and I'm fine being here. I currently have my 401k contributions set to 15% Roth contributions. + +My question is should I be making these contributions traditionally, Roth style or a combination of the two in order to take advantage of pre tax money. My employer match is only 2%. + +Also, I have my investments set to 45% large cap over two funds, 20% small cap, 20% mid cap, 14% international and just 1% towards a high growth bond fund. I'm looking for extremely high returns for now since I'm young so I'm not concerned about risk. How does this sound? + +Edit: Thanks for all the responses and great advice! Y'all have been a bigger help than you could know! +i have a job with a salary of $3800. But with my apartment rent ($1000)and car payments + insurance (500+250), Credit card minimum payments, I am hardly able to save anything. My ex and i had decided to pay the car off together, but now the car is in my name and I have to pay the whole amount. Please help. +I crossed the $100K NW mark today at 26. While I'm using a throwaway today for obvious reasons, I'm a fairly regular poster in this sub on my main account. I work in the construction industry and I'm sharing this here instead of a Milestone Monday thread because I think it's important to highlight career opportunities outside the engineering/software spectrum that at times seems to dominate this sub. Online and in the real world I try and be an advocate for construction/skilled trade jobs because it's been a great career path for me and I think there are a lot of opportunities for young people in my field. + +I got into construction by taking welding classes at a community college my last semester of high school alongside my regular classes - I wasn't enrolled in a vo-tech program but I wanted to learn. Around graduation I got my first welding job making just over minimum wage. I moved for university later that year, but I kept welding in between semesters and I dropped out when I had run out of money after my freshman year of college (full disclosure - my parents had saved up enough to pay for one year of school. When that ran out, I had nothing, so I dropped out to work). By the time I stopped going to school I could make about $1500/week pretax, and as a 19 year old I thought that was all the money in the world. I saved up enough to return to university and ended up graduating with a bachelors degree in construction management. Because I continued welding during school and took 9 months away from school for a paid co-op, I graduated substantially debt free, with the exception of a ~10k truck loan. My net worth was right around zero. Since graduation my career has looked like this: + +&nbsp; + +**Job #1** + +Age: 23 + +Net worth: $0 + +Job: Junior construction manager with an energy company (note that this was during the oil crash in 2014) + +Location: Midwest/Rust Belt, LCOL area + +Compensation: $80,000 salary with 10% bonus potential (Saw ~$55K after taxes) + +Spending: $20-25k + +&nbsp; + +**Job #2 [18 months later]** + +Age: 25 + +Net worth: ~$35k + +Job: Construction inspector, welding-focused, with a third-party inspection company + +Location: East Coast/New England, HCOL area + +Compensation: Hourly plus per diem when traveling, ended up being around $130k pretax (only $80k after taxes though, the northeast is expensive!) + +Spending: Around $50k + +&nbsp; + +**Job #3 [12 months later]** + +Age: 26 + +Net worth: ~$65K + +Location: Northeastern US, LCOL area + +Job: Construction inspector, piping/mechanical/welding/bolting, again with an energy company + +Compensation: Day rate, will end up being around $175k if I work all year + +Spending: Predicted to be around $50k + +&nbsp; + +I am currently still at job #3, where I can save something like $9K/mo. Taxes are lower than previous job due to location and compensation structure. + +&nbsp; + + +A brief NW breakdown: + +* $38k cash (checking, savings, HSA) + +* $26K retirement accounts + +* $37k taxable investments (I use Betterment for both my taxable and retirement savings and own mostly low cost index funds) + +&nbsp; + + +A few final notes - My spending is higher than optimal for a few reasons. By that I mean my spending is not very reflective of my lifestyle - I don't buy nice things or drive a nice vehicle, etc. However, there are elements of my life that I view as unavoidable and I don't lose a lot of sleep over spending on them. Most importantly I help provide support to my chronically ill sister, which usually means sending about $400/mo to help her with rent and expenses. This is not an issue for me, as I feel that it's the most worthwhile thing I could do with my money. Additionally, I definitely incur costs by moving and traveling for work. My compensation packages have typically included allowances for this, so again I have accepted this as part of the job. I also work a lot by some standards, usually around 60 hours a week. This isn't an issue for me but some people may view this as an unacceptable trade off. In my opinion the construction industry is a great way to put away money and work towards FI for those willing to work hard. There is a pronounced shortage of millenials in the industry and it shows - there are tons of opportunities to make great money in the trades (rig welders make anywhere from $3500-6000/week) or to make a good living as a construction manager, superintendent or inspector. + +*Edited for formatting + +The pursuit of FI/RE is about a number of things, a major one is the ability to take back the time of our lives to do with it whatever we please. + +I recognize we focus a lot of discussion in this community around the financial mechanisms to not have to work a 9-5 job until we’re 65, which can add many years of “freedom” to your life. + +A few other examples would be living close to work or switching to a remote job to avoid commutes, or staying healthy (diet / exercise) so that you add years to your lifespan. + +What other things, big or small, habits or purchases, can you introduce into your life that will give you back time? And how much time would you say that saves you (over the course of a life)? +Hi guys. I have been on and off on this sub for the past few months. If you search my comment / post history, you might see that I am not really pro-dividends, or pro-active management at all, but I have nothing against it. As I love to say, a good concrete plan is better than no plan, constantly changing asset allocation, or gambling. + +I would like to ask a few questions to understand better the philosophy and roots of dividend investing. I am not even trying to alienate anyone to change their mind, or even debate. Simple opinions, ideas, and personnal experiences. + +&#x200B; + +1. When looking for dividend growth stocks, is the repurchase of shares also considered? Knowing it is pretty much the same thing as dividends (redistribution of capital and profits), would you give them the same weight when basing your decisions and choices? +2. What do you think is the most appealing thing about dividend investing? The fact that you can see CASHFLOW entering your account? The feeling of OWNING a company, being part of its activities, and helping it grow? Whatever it may be and you can think of, share it! +3. Do you use any other ways of investing? Penny stocks, options, leveraged ETFs, ETFs, etc. If so, why? +4. Is dividend investing easy? Why, why not? +5. What are the positive upsides of dividend investing? +6. What is a negative thing about dividend investing? (if you can think of any) + +&#x200B; + +If anyone has the time to share with the community and me his or her thoughts, I appreciate it very much. Have a great day! +I never realized how polarizing dividend investing could be until I started researching around Reddit. A lot of people say it's much more worthwhile if you focus on stocks you think will give you more of an overall profit than simply chasing dividends, which makes sense but I don't own a crystal ball. I also see a lot of people say that dividends is just money that you already owned in the first place, but I can't help but think if my assets are still growing in value then I just got a sweet little paycheck without losing any of my money-generating assets. Almost like you sold some without actually selling, in turn generating some decent cash flow. If I assume that my stocks are going to continue to grow then that little paycheck seems like a pretty sweet gig, especially since the alternative would be to sell off your non-dividend shares to get any money back. I know there are tax implications involved but if I focus on ETFs that distribute qualified dividends like VTI and SCHD and take advantage of tax-advantaged accounts then what's not to like? + +Kind of just rambling and researching but what is your argument for people that say dividend investing is useless or not a good idea? +I'm planning to start a club at my high school, next year about personal finance, so I can create more financial literacy, and add something to my resume. Me and a classmate are planning the basic curriculum that we are going to teach next year. What personal finance concepts should I include in my basic curriculum? Would the wiki for this sub be enough to start planning it, or are there any other essential concepts you recommend for me to include? + +Edit: I want to thank everyone for taking time our of their day to give me actual helpful suggestions that seem to be very well thought out. It's going to take me a while for me to sift through all the comments and see all the advice I got, but please know that this is extremely helpful stuff and I appreciate it a lot, and I will definitely be using most if not all of these useful suggestions when planning my curriculum. +I have a S&S LISA that I opened in 2017 when I thought I would use it to buy my first home. I ended up buying my first home with someone who was not a first time buyer, so I wasn’t able to use it. + +It now has over £20000 in it, of which I’ve contributed £17500. I’m not sure if I should: + +a) continue to contribute to it and receive the government bonus each year and withdraw it when I’m 60. + +b) stop contributing to it and withdraw it when I’m 60. + +c) withdraw it now and be hit with the withdrawal charge of 25%. In effect, this higher penalty recoups the bonus plus an additional charge equivalent to 6.25% of the money you put in. + +If I withdraw it early I’d re-invest the cash in a less restrictive ISA or my Vanguard index tracker. + +Any advice on how to weigh up the pros and cons? + +Thanks! +I was gifted company stocks as a present from a relative who acquired them at their job. They've had/acquired them over the last few decades. When they initially acquired them the price of the stock was under $2 but now it's over $100 per share. + +Do I sell a portion of them to cash in on the stock being the highest price it's ever been? If so, what are the tax implications? + +Is it better to wait at least a year before selling anything? Or is this a little nest egg that I just don't ever touch? + +Appreciate the help as my financial knowledge is very limited! + +EDIT: CA. I'd be taxed 22% as a single filer, the stock is NVO (large cap), and this makes up about 8% of my assets. I have no debt and am not strapped for this cash ATM +I'm thinking about trying daytrading and I brainstormed a couple of rules to follow + +* Mentality - Do not place a trade if you are anxious; only open and close trades with equanimity +* Timing for entry and exit - Base this on technicals. Only trade along the line of least resistance and exit when the position moves against you by 10%. +* Position sizing - determined by the type of position (stocks or options) and my risk tolerance. Never risk more than 1% on any options trade and 5% on any stock trade +* Trading frequency - Increase the frequency of trading while things are going well. If it isn't, reduce the frequency. +* Accountability - Be honest with myself when things aren't going well +https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/ + +You can argue which of these are automakers (Tesla?), and I don't want to start a discussion about this here again. But this is just crazy. What does it mean? EV bubble? Buy Volkswagen? Sell everything and keep off the market? + +Full disclosure, I have shares of BYD. + +EDIT: Ford owns 12% of Rivian. This means that almost 20% of Ford's current market capitalisation (80bn) is Rivian! At some point, in this crazy market, Rivian's share might be more valuable than Ford's own activities! + +EDIT 2: Cathie Wood's Ark Invest isn't buying into the Rivian hype due to its "rich" valuation, according to comments she reportedly made at a conference on Wednesday. +I've been renting on an apartment complex with 280 units. I have a 1 bedroom apartment and I pay close to $4000 a month. The startup I work for is having financial difficulties and I haven't been paid my last salary. + +I've been living in this apartment complex for the last 30 months. My lease was renewed in may 2015 for another year. Leases cannot be longer-term so every time I had to renew it increased 10-20%. + +Now that things are going south, I cannot afford living here anymore. + +I've paid this month's rent and turned my 30day notice but they presented me a lease addendum contract with 2 options: +- pay $6500 right now to break the lease contract +- become liable for the rent (without being allowed to live in my unit) till someone rents it. + +I don't have $6500 siting in my bank account and the alternative seems like a joke. They even have a clause that says that if they rent it below the price I'm paying I'm liable for the price difference till the end of my original lease (May 2016). There's no clause preventing them to raise the lease to a rate that no-one will be willing to rent it. + +I didn't sign or agree to any of the options but they emailed me saying that if I don't pick one it will default to the second option. + +I'm moving back to my country in 2 weeks and the salaries there won't be even close to what I was making in SF. I want to leave things in order but I have no clue what to do. + +Any advice would be greatly appreciated. + + +Edit: thanks guys for the overwhelming response. +I'll try to summarize the key points for people in similar situations. + +- if you have a reasonable landlord, discuss the issue ASAP. In my case, I'm sure if I had given a 60 or 90 day notice it would have been easier to find a new tenant by the time I leave. +- if you are planning to break your lease, law is against you. Plan ahead and expect 2 months worth of rent as penalty. +- do your best to line up a new tenant by the time you leave and work with your landlord to make it happen. +- landlords are obligated to do everything possible to put your unit to market so you shouldn't get screwed deliberately if you are dealing with honest management. With that said, work with them and make sure your unit is being listed and keep an eye and get in touch often to see if it's getting rented or if you can do anything to help make it happen. +- foreigners working in the US with a VISA might think about just leaving the country and forget what happened. Your debt might end up in the Civil court and you will be guilty by default. It will end up in your record and might backfire if you ever comeback to the US. Forget about working in the US. Visiting the US as a tourist might be also risky. Life is a long path and you never know where you are going to be in a few years but writing off a country like US forever to avoid terminating your lease in good faith seems extremely stupid. + +On a final note, everybody pays less rent than I do. That's the price engineers pay in Silicon Valley to let you spend all day long on your phones using Google, Facebook, reddit, and what not. Enjoy it. + +The US government is (or will be) bailing out companies that would otherwise have gone out of business. This is partly due to infrastructure factors as well as maintaining the country's ability to compete globally. Imagine if all US airlines went out of business, that would damage and impair America's image/soft power all over the world. Its shitty that these corporations get away with pissing away all their cash, but America cannot allow them to die out. + +So what happens? Well, as these corporations become more and more dependent on the federal government to continue operating they will end up becoming an extension of the government. This is a lot like China's current system. + +On one hand, its this very unity that has allowed China to grow rapidly and maintain its iron clad power over its people and neighbors, but this very same system hinders progress and inhibits innovation. Company failures are fixed by brrrr'ing more money, stifling the natural free market. New technology will find it hard to grab a foothold when incumbent businesses are literally forbidden from dying out. + +I honestly don't know if its good or bad, but things are a changing. +Guten Morgen to this global band of Apes! 👋🦍 + +What a way to start a new week, am I right? Heading into this weekend, the big news was today's AMA with Jon Stewart, which I feel is likely to be among the greatest AMAs we'll ever see on Reddit, in large part because of the enormous amount of DD that this community has generated, reviewed, and refined over the past year. Of course, the AMA is still on, but Ryan Cohen's letter to the board of Bed, Bath, and Beyond has taken the spotlight as a potential catalyst for the MOASS. We've seen countless times how that company is clearly linked with GME as a target of short sellers, so this move by RC is a direct shot across the bow of the Shorts - they may be able to suppress the movement of GME, but do they have the resources to take on an entirely new front? + +As is apparent in RC's letter, his focus remains on revolutionizing the business model of GME, but it cannot be ignored that he has amassed a nearly 10% stake in Bed, Bath, and Beyond, and has outlined a path by which he sees it being revitalized. It may not have the same potential as GameStop to become a tech titan, but there is no doubt that Ryan Cohen knows how to manage a retail business, and his involvement here is nothing but bullish for the company. That is incredibly bad news for any companies who currently hold a short position against BBBY - the institutional ownership alone is listed at 103% - how could they maintain a short position if Apes turn their Diamantenhände to BBBY? + +Today is Monday, March 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$108.81 / 99,56 €** *(volume: 3919)* +- ⬜ 115 minutes in: $109.02 / 99,75 € *(volume: 3823)* +- 🟥 110 minutes in: $109.02 / 99,75 € *(volume: 3766)* +- ⬜ 105 minutes in: $109.68 / 100,36 € *(volume: 3135)* +- 🟥 100 minutes in: $109.68 / 100,36 € *(volume: 3095)* +- 🟥 95 minutes in: $109.81 / 100,47 € *(volume: 3005)* +- 🟥 90 minutes in: $109.96 / 100,61 € *(volume: 2807)* +- 🟥 85 minutes in: $110.51 / 101,11 € *(volume: 2735)* +- 🟩 80 minutes in: $112.68 / 103,10 € *(volume: 2026)* +- 🟩 75 minutes in: $110.18 / 100,82 € *(volume: 1806)* +- ⬜ 70 minutes in: $109.52 / 100,21 € *(volume: 1688)* +- 🟩 65 minutes in: $109.52 / 100,21 € *(volume: 1668)* +- 🟥 60 minutes in: $109.49 / 100,19 € *(volume: 1658)* +- ⬜ 55 minutes in: $109.75 / 100,42 € *(volume: 1617)* +- ⬜ 50 minutes in: $109.75 / 100,42 € *(volume: 1465)* +- 🟥 45 minutes in: $109.75 / 100,42 € *(volume: 1298)* +- ⬜ 40 minutes in: $110.98 / 101,55 € *(volume: 1083)* +- ⬜ 35 minutes in: $110.98 / 101,55 € *(volume: 1008)* +- 🟥 30 minutes in: $110.98 / 101,55 € *(volume: 993)* +- 🟩 25 minutes in: $111.78 / 102,28 € *(volume: 756)* +- 🟥 20 minutes in: $111.72 / 102,22 € *(volume: 635)* +- 🟩 15 minutes in: $111.83 / 102,33 € *(volume: 576)* +- 🟥 10 minutes in: $111.78 / 102,28 € *(volume: 546)* +- 🟥 5 minutes in: $112.16 / 102,62 € *(volume: 328)* +- 🟩 0 minutes in: $112.32 / 102,78 € *(volume: 102)* +- 🟥 US close price: $111.66 / 102,17 € *($112.50 / 102,94 € 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 1.0929. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +**Please read all of the below to make an informed decision before voting.** + +This governance poll is to decide whether to ban JohnFrontino and SacredHam00 from the subreddit or not. + +**(1)** The proposal was written by ethereumgasbot: + +>Basically, news broke out ~~yesterday~~ last week that [John is likely sacred ham or at least knew each other](https://www.reddit.com/r/ethtrader/comments/pnrrn0/its_confirmed_ujohnfrontino_is_usacredham00/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Now generally, using multiple accounts is immoral, if not in the grey area of legality, but johnfrontino and sacredham00 are both low effort donut farmers, who spam hundreds if not thousands of comments a day, which doesn’t contribute to positive discussion, and actively steals donuts from members who do their best to post OC, and post well thought out replies. +> +>In fact, there’s sufficient evidence that they're the same person, or follow the same modus operandi, which raises the question if they’re part of a larger upvote group, which is clearly against sub and site wide rules(as based on data found on the blockhain, John transferred over 100,000k donuts to his potential alt, and both of them owned and swapped for the same Shitcoins on the BSC, at around the same time) +> +>Now as I said before, my main concern here is the fact that John likes to spam extremely low effort comments, and by doing so, he’s actively stealing donuts from other [r/ethtrader](https://www.reddit.com/r/ethtrader/) users, many who do their best to contribute quality comments and posts, vs the hundreds of daily sub one liner comments John likes to leave. I plan to propose a few other polls to try to disincentivize excessive spam, but I see a pretty clear cut case here, as johnfrontino has oddly not been active for over 17 hours, which is a surprising amount of time given he’s always spamming the sub, deleted his public denials, and is nowhere to be seen. I’m definitely open to hear what John has to say about the scenario, and would be willing to give him a few hours/days to submit a response to the allegations brought up against him. +> +>Edit: As a final addition to the proposal, I’d like to bring this comment into the community’s view, [https://m.imgur.com/YqCLi7o](https://m.imgur.com/YqCLi7o), a user acknowledged he’s in a WhatsApp group with sacredham, and other users, and John acknowledged he knew sacred, and they went as far as suggesting that they AWARD AND TIP EACH OTHER, and since the Apple doesn’t fall far from the tree, I can easily see johnfrontino, and sacredham participating in vote manipulation. Plus,the mods believe the same: [update from the mods suggesting John and sacred along with a few others likely participate in vote manipulation](https://www.reddit.com/r/ethtrader/comments/pq49sf/update_on_donut_farming/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**(2)** JohnFrontino wrote the following: + +>Regarding the accusations. There are many things wrong here. The people who now attack me were previously accused and are seeking to divert attention, just as they investigate my account, they can also investigate each one of them. +> +>User Ham and I are friends, we are in the same country but different cities. He told me about an NFT game called Cryptozoon, that's why we have YAG and ZOON as currency. The transfer I made to him was not a tip, it was a transfer to invest in the NFT, the transaction can be reviewed and you can also review the transaction of the purchase of the NFT. He knew more about the game than I did so he took care of it. +> +>Some say that the best defense is an attack. These people are attacking and trying to evade attention for them. Check them out too. +> +>We are not the same account, this is my only account and if in any way the MODS can check the IP they can realize that. I have not been responding to the posts in question because I have been speaking directly with the MODS, giving them the information directly. +> +>They say that my account is from Turkey, it's false. They say that I made +900 comments in one day, it's also false. You can check it in my profile, that is not true. There are many things that they say are simply wrong. +> +>They made a poll to ban me. They focused attention on my account but who investigates their accounts? Much attention has been focused on this situation, I see screenshots that they publish making it seem like I'm talking to myself. Now you know that it was simply interacting with a friend.I have even made many friends here, many people know me because I have been very active here. +> +>I don't feel comfortable attacking anyone. But many of the accounts that attacked me are only a few days old, it could be that they are using alternative accounts. + +**(3)** SacredHam00 wrote the following: + +>I'm no longer active on reddit, but I been told about all the stuff that happened, I think you are basically putting a "guilty until proven innocent" situation lol, whatever you think with subjective base can't be used to claim or confirm anything, solid proof must be shown to back up your clarifications about two accounts owned by the same person, which you cant confirm(or deny) + +**(4)** The mods evaluated this situation last week. After some internal discussion, we decided there was very likely upvote manipulation happening, but decided to not ban these two users. We think the best way to address the situation is via changing the distribution algorithm going forward and issuing a blanket one-time warning-before-ban to all users that have been engaging in vote manipulation. More in this thread: + +[https://www.reddit.com/r/ethtrader/comments/pq49sf/update\_on\_donut\_farming/](https://www.reddit.com/r/ethtrader/comments/pq49sf/update_on_donut_farming/) + +[View Poll](https://www.reddit.com/poll/ptu365) + + +First of all, these P2E (play to earn) games payout mostly in crypto. Which requires appreciation to realize any actual gains. Playing to earn money will have a significant impact on the world. That is without a question. Playing games allows anyone to make money from anywhere on the planet. It's entertaining while also providing a financial benefit. It is possible to play from the comfort of your own home. Web3 is obviously the future of the digital world. And just like our current Web2, Web3 will need gaming to thrive. It's not the most important thing for Web3 but it will be necessary for Web3 to be better than Web2. I am tryna explore different ways to play and earn with crypto games at the moment now that I am just home and I have no job yet. What would you guys recommend and what are your experiences? +My wife and I currently rent and are getting a nice deal, however our 2 kids are growing up and need more space. We have been looking for homes to buy but the market right now in our area is just too crazy. Dozens of offers, many $60,000 or more over asking for a $475,000 home and the mortgage rates just keep growing. We may have to wait this thing out and continue to grow our downpayment fund but I sure hope things get better in the next 2 years. +So I am a 26 year old living in Pennsylvania looking to transition from renting into purchasing my first home. (Already approved). Looking in a modest price range under $90k. The only reason I am even able to consider this is when I was first born my grandfather put some money into a stock for me. That stock is currently valued at roughly $15k. I wouldn't have the capital to even consider this otherwise. I only have about $4k in my savings. + +For some background. I work in the arts and make very little money, about $35k a year. I have very few monthly expenses, however. My car is paid off, my credit card debt is paid off in full every month. All of my student loan debt is federal and on income based repayment plans which result currently in me paying zero dollars a month for them. I am on this plan specifically because I work for a non-profit (and intend to do so for the rest of my career) and I get complete loan forgiveness after 120 payments (even if the payments are at $0 a month). + +Here are my questions: + +Given my tax bracket, I believe I will pay 0% interest on cashing out my long term investment stock. Does this sound right? + +Is there anyway to cash out this stock, use it as a down payment on a house, and not have it effect my income for the year? If it looks like my income jumped up by $15k it will most certainly effect my income based repayment on my student loans and potentially launch me into a monthly payment that I cannot afford. + +Lastly, is using this stock for a down payment and closing costs even a good idea at all? +I have a $330,000 mortgage on a $520,000 property that I'm paying right now at 3.875%. + +I don't have a job, but I have $275,000 in cash and another $525,000 in non-retirement equities. + +I've been sitting on the cash for a few years anticipating a downturn. I earn nothing on the cash. + +I can't get a refinance on the mortgage because I'm unemployed. Maybe I should just liquidate a few extra equities and pay off the mortgage? + +I'm not particularly enthused about working again. I probably will, but I want to do so on my terms, so I've been slow about finding a new job. + +I'm 46, single and my expenses are about $400 a month for food and other expenses, and $1200 for maintenance on the apartment. + +I like having a lot of dry powder for investment, but I hate that it generates nothing. + +I've been slow to pay off the mortgage not only because feel like opportunity is imminent, but because I'm not too happy about my real estate purchase and to pay off the mortgage would be buying in further. + +I know that's not exactly the case, I'm paying 4% to stay out and in the end, I'll wind up paying more. + +Also, I paid closing costs to get this mortgage, it seems like a waste to pay it off. This is probably dumb psychology of sunk costs too. + +But I'm not a particularly aggressive investor though, my money psychology is more "save a lot, put it away, and not think about it." I had this money on the sidelines during the downturn in March and I hesitated. + +I'm thinking if I pay off my mortgage and I do find an investment opportunity, I can always tap into a HELOC. My credit score is pretty maxed out. + +What would you advise? +I think it is pretty safe to assume that BTC will drop below 20k in the following hours or at least in the following days. I predict that this will lead to a even higher sell-off because of the "mental value" of that price border. Same goes for ETH which is about to go below 1k. +I predict that once BTC falls below the 20k it will quickly drop down to at least 18k if not even lower and everything else will drop even harder. +I am looking for a good entry point but I guess we will have the whole year to "buy the dip" haha. + +What do you guys think? How low will we crash before we see somewhat stable prices again? +We plan to pull the trigger on our FIRE plan in a few months with a net worth of ~6.5M. The plan is to simulate expenses for the next bit and be fffreeee. The question for this group is should I work a few more years and get to 10m? What are the merits and differences in lifestyle at the 10m vs 6.5m level? + +About us: I just turned 40 and she’s 36 and we have 2 kids 5 and 3. The rough breakdown is as follows: + +1. 3m in real estate. 1.5 in rental properties that throw off 4K after the 50% rule, 1m in our primary (paid off), and 500k in real estate funds. +2. 1.7m in the market, mostly growth and tech +3. 300k in cash +4. 1m in crypto at today’s prices +5. 500k or so in VC, angel investments, etc at amount committed with a paper value much higher than that (probably 1.5m if all the valuations are realized) +6. Another 150k of after tax income coming in from work over the next 3 months +On December 23rd, over **NINE** crypto content creators have had videos removed and a strike placed on their channel for “Harmful or Dangerous Content”.  + +In one instance, Chris Dunn a creator with over 200,000 subscribers,  + +over 7 Million views and 10 years making videos just had over **TWO YEARS worth of videos deleted from his channel.** + +**To platforms like Youtube, we are simply disposable commodities.** + + +It doesn’t stop with Youtube. +Crypto content creator Omar Bham, just over one year ago, had an entire crypto group of 100,000 members deleted. If that wasn’t enough, they also deleted his account **and** the accounts of over 15 fellow moderators of that group as well.  +**This isn't an isolated incident either.** +Less than one month ago MY account was also deactivated with no reason, alongside another crypto content creator Allesandro Benigni.  + + +We trust Facebook with our photos, storing connections to longstanding friendships, our professional networks, and a timeline of our digital lives. Facebook in turn deletes accounts and communities at the blink of an eye, with absolutely no regard.  +Facebook cares about profits, not us.  +& Youtube’s motto of “do no evil” is now simply a sad ironic joke. + + +On a larger scale, this isn’t a war on Youtube or Facebook. +**This is a war on centralization.** + + +When we trust in centralized entities with our data, our content and our information, we become vulnerable.  +We trusted because we had no other alternatives, and time after time, they continuously all break our trust even deeper. + + +**We have had enough.** + + +Already, when the Cambridge Analytica scandal hit, 44% of users between ages 18 and 29 deleted the Facebook app from their phones. + + +The internet should empower freedom of speech, with no bias or agenda.  + +It should be made for the people, with ad revenue distributed to the users. + +It should give people options, either keep your data private, or to be able to share in the monetization. + + +**Social Media should be for the people. Not the corporations.** + +A new wave is coming + +With the emergence of blockchain technology, there have been a plethora of platforms emerging that monetize interactions, support freedom of speech, and store data in a decentralized manner.  + +The options are right there in front of us, with platforms like Uptrennd and Steemit, we simply need to get out of our comfort zones with traditional platforms and **make the change.** +Throw-away here of course. I am prostitute and had clients mentioning and asking if I would accept Bitcoin. I had no clue what they were talking about and always said "nope". + +Then I asked Google, and anyhow it looks legit and very interesting. As I understand it, I could use Bitcoin as investment. But the much bigger question is, how can I accept it if a client would ask me? + +After a little bit of reading, I am very interested to accept it if clients ask again. + +**EDIT: Thank you guys, I can not keep up at the speed I get advise here. Thanks a lot, it will take me time to read every comment. Thank you so much for answering my question.** +For a variety of awful reasons from parents stealing my money, exes stealing money, getting stuck in terrible situations, and having to pay for a lot of school out of pocket and then failing because of other reasons, I've run up quite a debt. Luckily I have finally gotten back into school so student loads aren't an immediate worry for me, but at this point I can't even pay my rent. + +I live in an apartment where rent is 500 a month plus utilities (it's a college town so most of the places around are extremely expensive). I was making over 12 bucks an hour working 60+ hours a week when I signed the lease for this year so it wasn't supposed to be an issue. I was driving an hour and a half to and from work each day though, and since I was going back to school the plan was to transfer me to a closer location and cut my hours back down to 40 ish. However, my car had blown it's starter(and then a whole lot of other issues happened to it and it is still in the shop 7 months later). + +So when my car blew they still expected me to get to and from the place an hour and a half away for 4 months before they would let me transfer. So I was borrowing cars from friends when I could and unfortunately had to uber sometimes which would cost more than I would make that day. Eventually I got to the last week of that time and one of the cars I was borrowing broke down on the highway on my way there and several other issues that they simply expected me to overcome just to get there instead of transferring me back early. + +At the end of all the issues because I couldn't make it in for 2 days they fired me. At this point I was living on fumes. I could eat maybe once a day, didn't have time to do anything, and could barely afford my bills because of how much money was going into just getting me to and from work. + +Fast forward to now. I was unemployed for almost 2 months even though I was applying everyday and even got a couple interviews that said I just wasn't right. Eventually I started working as a hostess at a restaurant only a 3 minute walk from my apartment. So I only make minimum wage now and I'm lucky to get 25 hours. + +For bills I have my 500 dollar rent, usually about 140 for utilities, 220 on my car payment, 240 for car insurance, 90 for phone bill, plus expenses for food. I also have 4 credit cards that are all maxed out(lots of terrible situations I've had to try and dig my way out of). One payment is only 25 a month, one is 150, one is 250, and one is 100. + +How do I do this every month making 9.25 an hour? I barely eat anymore just because I can't afford to. I'm skipping most of my bills just to be able to pay my rent so on top of everything else i don't wind up homeless. + +Any advice or ideas would be appreciated. +In the past two maybe three years I got hooked on options trading (aka gambling). I ran up on AMD options back when it was $13-14 from $300 to $15K. Thought I was a god at trading and could just run it up to the millions. Clearly that's not what happened. I quickly lost all of it all and put more money in. To this date I probably lost around $25k maybe a little more (don't want to actually check and get depressed and kill myself :')). But finally I'm going to call it quits, I wasted the whole year's pay which for a 24 year old student is not much ($19k maybe), stuck in credit card debt and finally with some bad car troubles definitely need to stop gambling. It's been really fun reading posts on here and constantly checking stocks but I've deleted it all and just need to get fresh air. It's been fun guys, thanks for the ride. Others who are in the same boat, honestly, we have a gambling problem and just need to stop. We might hit it big but in the end if we keep going all the money disappears. Thankfully my debt is only about 3-4k which is a lot but manageable in probably a couple months of working and living frugally. Thanks guys. + +&#x200B; + +Edit: Somehow this gained a lot of traction and I got my first silvers on this, I guess losing money does have its perks (just kidding not actually), thanks homies and wish everyone the best! +I'm completely ashamed at the way you all have treated u/insomniasexx + +Why do you feel **entitled** to make a bunch of money buying an ICO so you can dump it later for five times the price? + +Unbridled greed to get something for nothing is exactly what is wrong with the world, and you have allowed it to poison your soul, to such an extent that you have savaged someone who has worked tirelessly, for free, to help out the Ethereum community. + +I'm giving another contribution and I hope others will as well, here is the donation address: + +0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8 + + +I am 24 living alone in San Francisco working for a tech startup since 2017, which has just been acquired by a much larger company. + +A lot of my compensation has been in stock options given to me when I joined years ago. When we became acquired they suddenly had value and I executed the options now worth \~5.2mm. + +What do I do now? + +I grew up very poor and as such my family has no experience with this amount of money. ( They are all living in much better conditions and are happy). I have absolutely no idea how to handle it or invest it. I'd really like to be able to buy a home in San Francisco, and this is surely enough, but I'm sure there is a better use of it. + +&#x200B; + +&#x200B; + +EDIT: + +First off, thanks for the sound advice, everyone is pretty much recommending the same things. ie. Get a good CPA, take some small amount of "fun" money, and invest the rest. + +Along with that, I also plan on funding the rest of my sibling's college ( I had already been doing this, but this will make it easier ) and paying off my parent's house. I have a very small family, so it's easy to help them all (just the 4 of us) + +I just wanted to add that this is pre-tax, so I do need to pay the taxes on the 5.2 which will leave me with \~2.6 (TBD after I meet with a CPA) and that's still loads. + +I also do plan on continuing to work for this company as the pay is great and I was granted 500k in RSUs in the new company, vesting over 4yrs. + +Overall I feel pretty happy and comfortable, I just need to be extra cautious about not becoming another post-lotto bankruptcy. +Im pretty new to options since i only trade forex, and from what i learned you need a huge capital to be part of the theta gang, is there any way a poor man like me could join the gang :(( ,,, i'm so poor im talking about less than a thousand balance +I want to be able to trade as many products as I can, but I also don’t want to be limited by strategy selection, like stuff like being barred from higher level options/PDT rules etc +I don’t know if these are the right questions to ask, + +but what platform do you guys prefer? +sold a SPY 430 call to pay for buying a SPY 430 put. I violated my rule of shorting into the hole. But I was so afraid of that naked short call I bought a SPY 460 call. I just don't have the balls to go naked short. Am I a coward? I just don't have the courage to over lever or go naked short. Not sure I deserve to be on this board. +What are your go-to strategies for defending a PMCC when price is falling? Case in point: I have a PMCC going for SPY that I initiated back in January 2022 (bought a call expiring in January 2023 that was deep in the money, been selling calls with 11 DTE on a bi-weekly basis above my cost basis breakeven). With the recent market volatility and decline, it’s been difficult to continue selling above my cost basis. What’s the best thing to do in this scenario? +Worried that PLTR too expensive to own now? No need to worry. The IV expanded so much (110% to 165%+), the 20 or 21 puts for Dec/Jan (monthlies) are still the same if not more. Bank on 10%+ gains and if in case stock did fall to 20, you got the ticket to the moon again. enjoy and Happy Thanksgiving guys n gals. + +&#x200B; + +Positions: 20x Jan15 CSP $21 $2.60 ea. +I maintain a long watchlist of popular stocks that I am always keeping an eye on. I look at their charts almost daily looking for opportunities in swing plays. + +Sinkers are usually a *possible* entry for a buy-the-dip play and the out-performers might be at a good spot to take some profit and lower position sizing. Here are some of the sinkers and out-performers from the last 7 days. + +These could be decent entries to sell CSPs or covered-calls depending on the situation. + +Sinkers | Out-Performers +:--|:-- +BK|DASH +GS|DUOL +ENPH|BFLY +BMY|CCJ +CGC|HD +AZN|BIDU +DISH|FB +ICLN|LCID +CAT|CLDR +EBAY|AMC +C|ABNB +COTY|CVNA +DE|PG +CRON|SBUX +AME|PZZA +FSLY|DB +FOXA|AMAT +JNJ|ZM +GPS|DGLY +FCEL|CMG +TTWO|MTCH +ACB|ORCL +IWM|MRNA +CSCO|U +CRM|V +KO|MDB +Hey thetagang, I don’t know what this strategy is called exactly but was thinking about it earlier today. + +Let’s say you are bullish on a stock, for instance CRM, which I am for the long term as my very large company and everyone I know has it as the corporate sales CRM platform. Salesforce reports earnings this week and the IV will considerable higher than normal. If you are bullish on a stock you could either buy shares, buy calls, or sell puts. But wouldn’t the most bullish + theta driven strategy be to buy shares, then also sell a CC to protect from a short term drop, and then also buy an OTM put as well for added insurance? For instance + +Buy 100 shares of CRM at $183 +Sell 1 CC at $192.5 for $330 +Buy 1 Put at $172.50 for 265 + +So if the shares jump above your CC you get max profit from this trade. If it trades sideways you’re about even but then can continue selling CCs around your cost basis. +If it tanks on a surprise bad earnings then you had the put to help provide short term profit and the CC helps as well too + +I assume the biggest concern would just be locking up the capital if it tanks real low and then you are holding at price now much lower than your cost basis. Just curious what everyone’s thoughts are on this way of thinking! +sold a SPY 430 call to pay for buying a SPY 430 put. I violated my rule of shorting into the hole. But I was so afraid of that naked short call I bought a SPY 460 call. I just don't have the balls to go naked short. Am I a coward? I just don't have the courage to over lever or go naked short. Not sure I deserve to be on this board. +Despite the loss of Westpac holdings and people selling out for minuscule returns, I am hoping the officially launching Zip in the UK, with Christmas and Boxing Day in mind, will have some positive growth soon. + +On the marketing side: I know it is easy for me to remark without knowing their marketing strategy but after following Zip on all the social media platforms, I have found Zip is not being aggressive enough and their post promotions and ads are lacklustre. But why? Furthermore, I can not find one influencer that promos Zip. + +That being said, I want to remain positive about Z1P. + +What are thoughts on Z1P? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I know we all have our thoughts on Zip and it’s place as an OG meme stock here. I myself have been a holder since early last year and it is indeed a roller coaster of fuckery and emotion. + +But putting that aside, what are your genuine thoughts on its short term and long term future? + +From what I see here mostly it is negative long term and about 50/50 for the short term with discussions about interest rates and regulations but I’d like to hear from you fine humans. + +(I’ll also be making a separate poll post just to get an extra glimpse at the numbers behind the sentiments of people here) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +[https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02293571-6A1001082?access\_token=83ff96335c2d45a094df02a206a39ff4](https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02293571-6A1001082?access_token=83ff96335c2d45a094df02a206a39ff4) + +&#x200B; + +https://preview.redd.it/550e4q977ys51.png?width=801&format=png&auto=webp&s=4943f665e99bb24001417937299804b32cd2b2d2 + +&#x200B; +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Ok so I am feeling long term bullish on a Aussie medical cannabis. + +I have 3.5 reasons why going down in argument strength: +1) regulated but legal medicinal cannabis products will likely become available in Australia in the next year or two +1.5) even in if legalisation is slow continued global medical testing will create some demand +2) being an island in woop woop and strong regulatory bodies Aussie companies might have a competitive advantage at home and in the OCE +3) due to higher regulations and premium manufacturing costs there will be a premium on Australian products but they could be marketed as premium medical grace products + +Please tell me why I’m wrong, I’ve been sitting on a red CAN holding for a while but I’m convinced it’s long term bullish. Lord save my soul on the gambling I’m doing on the penny stocks +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) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I am about 40 years old and managed to save about 100k. My salary is about 80k a year. I pay 2k in rent. + +Anyway it took me almost my entire life but now I think I should buy a house but most reasonable homes are very expensive obviously. That will likely not change anytime soon. + +Anyway should I just keep renting and saving money? Put all my extra income into sp500 index fund? And wait for the cost of housing to drop before buying? + +Thanks + +Edit: Read all the comments guys thank you for helping me +At the highs my stocks were worth about $1m. I’m on a 50/50 international US split with most of the US in blue chip dividend stocks with a heavily weight to consumer staples. + +International is in VXUS which is literally at 2009 lows right now and even worse when you account for inflation. Absolutely in the dumps. Yields about 4.5% right now. Crazy. + +How bad will this get? Who knows but I’m riding through with dividend reinvestment turned on. + +I’ve lost a lot so far but I’m riding or dying through this market. +All day, Apes have been hyping 4:20 EST with the NFTCon, and when 4:20 EST hit they started throwing their shit. + +It was so simple. All you had to do was look at the live video, compare the current speakers to the agenda, and then align them together. + +Asking NFTcon about their tweet is cool and all, but none of you wanted to ask the question about the timeslots? + +I mean, the stream didn't even start at the 10:00 time frame listed on the agenda and that should have been the only indicator we needed. + +We need to build information to get a full picture, just like all the wonderful DD and information we have built thus far. + +I am not expecting to see RC or have anything else crazy come out of the NFTCon stream. If something happens, that would be great, but never let yourself get so hyped that it turns into anger because it was not what you wanted. Disappointed yes, but anger, no. + +The information they are providing is still valuable, even if they had to wave a banana in front of you to get you to listen. + +A lot of you apes have been acting extra retarded today though and it shows. + +I love you apes, but lets do better next time. +I feel so happy! + +Today I woke up and I realized that MOONs have skyrocketed and I'm so excited! This is waaaayy more than I could get working here in Venezuela. My main source of income had halted 3 months ago and I didn't know what to do and you guys were literally my life saver. I was very happy before, and now my mind is just blown away. Now, I just can't believe it! + +Thank you so much to all you guys, you made a guy really happy today :) +Robinhood has been on some real bullshit, that much is clear. There are enough posts here to show how shitty they are and how they are fucking us over, so I feel like I don't need to get into the why of what I'm proposing. + +We were the best advertising for Robinhood. Think about it... Seeing a fellow WSBer post awesome gains was almost always via a Robinhood screenshot. You see those gains, you want those gains, so you get Robinhood. You post your Robinhood screenshot. The cycle continues... + +I've been here long enough to remember people saying "not RH, don't understand" to posts from WeBull or Fidelity or whatever the fuck you non-US people use. + +We need to end that now. + +After all this shakes out (we sell GME at $42690 per share), **I propose BANNING ROBINHOOD SCREENSHOTS in WSB.** Who's with me? + +TLDR - Fuck Robinhood. + +Edit: Fuck Vlad. And Apex, obviously. But we aren't posting their screenshots, so mainly FUCK ROBINHOOD. +On the off chance they are still in existence a month from now, I want to see ZERO RH screenshots on WSB + +I think the whole crypto world is becoming more and more decentralized as we start getting more adoption. It was always the goal with crypto, but so far centralized figures have had A LOT of control. Centralized exchanges, large whales, influencers, government decisions etc etc. The move to DeFi is slow, but getting there. It's taken many years for BTC and ETH to flatten wallet distributions to where they are today. Whales have less influence, but centralized exchanges have a lot of power still. Most tokens and coins can only dream of having a flat wallet distribution and less whales - guess what is very similar to both, already, after less than a year? Hoge. +Memes are becoming a great tool - and industry are starting to realise. Problem is, Doge and Shib are both highly centralized. The top handfull of wallets own over 30% of the circulating supply of both. CEXs also dominate holdings. Where Hoge shines, is it's a completely decentralized meme alternative that is actually community owned and driven (not dominated by big whales and billionaires). Problem is, this means things move slow. No under table handshakes worth billions here. It's truly for the people by the people - the way crypto should be. It will just take a while for people to realize. +Hoge has the flattest wallet distribution of all tokens I've seen, and most coins except a very small handfull like ETH and BTC. +Hoge does not have huge chunks owned by huge centralized exchanges like all the big boys. This may not always be the case, but if they do get a big chunk, they will need to get A LOT of it, more than is available on the dexs, meaning the price will increase a shitload. +Hoge is open source, and legally setup to not be a security (no dev wallets, no marketing wallets). When DeFi takes of, it can be used for ANYTHING. Why create a new DeFi token, when the most decentralized one is already open sourced? If decentralization is required for your particular use case, why risk wallet distribution to chance, when you can use Hoge and it's amazing wallet distribution however you like? Not only is it spread thin on Eth, but it is spreading to multiple chains. +Many use cases currently are currently in progress (gaming platform, NFT marketplace, hogeswap, DAO, aerospace institute), but I believe the best ones are yet to be thought of that will truly leverage DeFi (insurance, lending etc.) +**Story time** + +About a month ago I first stepped foot in the world of shitcoin trading, better known as Binance Smart Chain. I was lured in by the promise of many moons, but there were no moons to be found. After being rugpulled *several* times my wallet plummeted from 3 BNB down to 0.2. At this point all hope was lost, I had completely given up. In one last ditch effort I randomly threw my last .2 BNB ($60 at the time) in to a coin called $Bingus. + +I didn't look at the website, telegram or do any research whatsoever. I just bought in and went to sleep mad at myself for falling for all these obvious scams (Pokémon coins are my weakness). I woke up the next day fully expecting to have 0 BNB left, but to my surprise it had done a 5x overnight! I popped in the telegram to see what kind of coin Bingus was. There was so much energy and so much hype, I had never seen so many people working together and having so much fun at the same time. + +Bingus is far greater than a meme token. The community is so wholesome, you wont find a harder working team *anywhere* I can promise you that. Mike, the doxxed head developer, always takes the time to answer any questions people have, no matter how silly or small they may seem. Several of the AMAs have lasted over 4 hours just from Mike not wanting any question to go unanswered. + +And last, but definitely not least, the main goal of Bingus is donating to animal shelters across the world. The coin has been out for barely a month and we have already given out close to $50,000 to shelters with much more to come. In the last 24 hours they’ve made two donations, check out the links below. + +I'm not even telling you to buy Bingus either, look at the endorsements they’ve had, check out one of our AMAs (linked below) or come ask some questions in our telegram. Once you do that the decision is yours. + +tldr: buy bingus, money go up and save animals + +Holders: 10,000 + +Market Cap: $8million + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[HowToBuyBingus.com](https://howtobuybingus.com) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[Litepaper](https://bingus.finance/wp-content/uploads/2021/04/Bingus_3.pdf) + +[Stake](https://takodefi.com/farms) $Bingus-BNB pair to earn $Tako passively! | [Staking Guide](https://www.dropbox.com/s/ikcii098o5f273k/Staking%20guide.png) + +[Reward pool](https://apeswap.finance/pools) with ApeSwap — stake $GNANA to earn $Bingus passively! + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +r/BingusFinance on Reddit + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | +Donation 3 (**$3000**) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://imgur.com/gallery/njxAINv) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | +Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) | +Donation 8 (**$10,000**) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) | +Donation 9 (**$500**) [Over and Above Africa](https://imgur.com/a/J8lFlph) | +Donation 10 (**$500**) [Rogue Active Duty Animal Rescue](https://imgur.com/a/FjkAjmd) | +Donation 11 (**$500**) [Orangutan Outreach](https://imgur.com/a/Mvtvxj7) +Hello fellow apes. This post lists 25 different reasons to believe that short-interest is very high. I am sure that many of you are aware of most of these reasons, but I wanted to review the last 6-months of GME trading to compile a good list for newer apes, or for anyone you are looking to convince that there is still more good things to come in regards to GME and the possibility for it to short-squeeze + +I comment a lot more than I post, and I read even more than I comment. I have been reading and researching and writing about GME since December, and I hold XXXX shares. This is not financial advice, I am not a financial advisor, and I highly recommend you do your own DD, and make investments at your own discretion. This post is unsourced, but is based on many posts that have occurred over the last six months. + +I am also sure that there are more reasons to believe that short-interest is high. If I missed some, please add your reasons in the comments, and I will add any pertinent ones to the list below. + +*The market lacks transparency when it comes to shorts, and especially synthetic shares (naked shorts). These 25 reasons to believe that short-interest is high cannot be construed as factual evidence, but remain suggestive and speculative in nature. However, a large quantity of 'coincidences' produces a higher confidence that these correlations do indeed point to a deeper, but concealed truth: GME short-interest remains very high, which is the thesis of this post* + +--------------------------------------------------------------------- + +#25 Reasons Why GME Short-Interest is High + +- GME Form 10-K warning about the possibility of a short-squeeze +- High reported short-interest via Finra (20-40% is still high) +- S3 and others changing their short-interest formulas to produce theoretical caps of 100% SI +- GME shares being hard-to-borrow for at least 5 months now +- Back in February, GME's reported SI decreased as the price went down. That's the opposite of what would happen if short-interest decreases +- The DTCC admitting that the Jan run-up was not due to margin calls +- Strong correlations in price action between GME and ETF price movement containing GME +- Websites such as iBorrow showing available shares to borrow go from millions of borrowable shares to either 0 borrow able shares or millions less than the original amount shown, on a daily basis since February +- Borrowable shares for ETFs also reaching near zero availability pretty much every day since February +- Massive coordinated MSM campaigns in January and December telling everyone that GME either already squeezed or that all shorts had been covered +- A large number of FTDs for months now +- Here's a big one: When whales sell shares, they NEVER sell huge chunks of shares greater than a certain percentage of the average trading volume for that stock. If they were to do that, for buying or selling, they would be losing a lot of money on their trades due to flooding the supply/demand for the stock at that given time period. For instance, if a whale puts in a 1M share sell order, there may be 800K shares waiting to be sold compared to just 200K buys (if not less). Some shares might be sold at the executed price, but most shares would be waiting for buy orders. To put it simply, the stock price would go down as the shares waiting for buy orders were executed, and thus the whale would end up tanking the stock price as they were selling, making the trade far less profitable. So, whales and institutions instead sell or buy in sets of smaller quantities to have a better average sell or buy price for their trade. This makes large short-selling trades easily identifiable. Large volume sell orders are antithetical to good financial practices if the entity is trying to make money. Based on volume alone, I would say that there have been at least 50 1M+ small-window time frame sales within the last 3 months, that suggest short-selling attacks +- So far, we have not seen any long institutions (through 13D SEC filings) selling large amounts of shares of whom we suspected to be holding shares. More data will be verified on May 17th (admittedly, this doesn't have anything to do with shorts, but it would change share availability and the short-float %) +- OBV has remained very high for months now. This suggests that the true value of GME stock is being suppressed so long as price action continues to not match OBV. There has been around 3-4 months of OBV not matching GME price action. Selling would induce a positive correlation between GME's price action and OBV, so this suggests that GME has been and is still being regularly affected by shorting pressure +- Bloomberg and Finra have both reported institutional ownership greater than 100% of outstanding shares, suggesting the presence of naked short-selling +- The possibility of married puts and continued methods for resetting FTDs alludes to large short-interest +- Price action. GME saw very clear gamma squeezes based on large volumes of call options (in January) from $20 to $40 per share, then again from $55 to $75 per share, then $90 to $140 per share, then $150 to $300 per share. For these last two gamma squeezes, HUGE amounts of call options were bought, and for two days straight (I believe), every single available call option was ITM by the end of day. Back then, everyone was trying to figure out what it was the short-squeeze or just gamma squeezes, and by the end of it, everyone was well-acquainted with the concepts of gamma squeezes, and was certain that a series of gamma squeezes propelled the price upwards, not a gamma squeeze. The chart now looks like it was straight up, but that is not true. The day charts saw several flat periods from $35 to $55, which went up and down, and a flat period (one day I believe) in the $60-$79 range, and even the climb from $100 to $150 was fairly steady and even had dips. The point being, the January run-up was NOT indicative of a short-squeeze in regards to price action +- Continuing to the Feb/March run up from $40: There was very high option interest from $50 to $100, which saw a significant gamma squeeze once GME crosses the $50 threshold. GME spiked to $175 then settled back at the $100-$120 range (from my memory). More options (tons more) were bought, chaining all the way from $150 to $800. Again, it became clear that a huge number of call options between $150 and $300 could create another gamma squeeze. And so, within a week or two, GME crossed $150 and immediately flew upwards past 150, then past 200, then past 250, and eventually 300. I would consider gamma squeezes near these three marks. None of the price action was indicative of a gamma squeeze, although some shorts may have certainly covered. The push back at $343 was massive, again going back to what short-attacks look like, it was clear that short-sellers saved up either shorts or shares or both and hit GME with upwards of 4 to 5 million in sell-orders +- Price action. GME saw very clear gamma squeezes based on large volumes of call options (in January) from $20 to $40 per share, then again from $55 to $75 per share, then $90 to $140 per share, then $150 to $300 per share. For these last two gamma squeezes, HUGE amounts of call options were bought, and for two days straight (I believe), every single available call option was ITM by the end of day. Back then, everyone was trying to figure out what it was the short-squeeze or just gamma squeezes, and by the end of it, everyone was well-acquainted with the concepts of gamma squeezes, and was certain that a series of gamma squeezes propelled the price upwards, not a gamma squeeze. The chart now looks like it was straight up, but that is not true. The day charts saw several flat periods from $35 to $55, which went up and down, and a flat period (one day I believe) in the $60-$79 range, and even the climb from $100 to $150 was fairly steady and even had dips. The point being, the January run-up was NOT indicative of a short-squeeze in regards to price action +- Continuing to the Feb/March run up from $40: There was very high option interest from $50 to $100, which saw a significant gamma squeeze once GME crosses the $50 threshhold. GME spiked to $175 then settled back at the $100-$120 range (from my memory). More options (tons more) were bought, chaining all the way from $150 to $800. Again, it became clear that a huge number of call options between $150 and $300 could create another gamma squeeze. And so, within a week or two, GME crossed $150 and immediately flew upwards past 150, then past 200, then past 250, and eventually 300. I would consider gamma squeezes near these three marks. None of the price action was indicative of a gamma squeeze, although some shorts may have certainly covered. The push back at $343 was massive, again going back to what short-attacks look like, it was clear that short-sellers saved up either shorts or shares or both and hit GME with upwards of 4 to 5 million in sell-orders +- A decreasing float. From GME's recent SEC filing in regards to the shareholder meeting, we now know that the true float, just in regards to insiders and the top 6 institutions, is 26M shares. (Or was it 23M shares? I don't remember). The value commonly used before (both conservative estimates) was 50M shares. So roughly, the short-float % has doubled in value compared to all previous metrics and calculations made +- Continuing to analyze short-float ratios as it relates to the true float, retail buying interest has only increased over the last four or five months. There have been many attempts to identify how many shares retail investors own. Conservatively, based on data from brokerages, subreddits, and polls, it has been shown several times that retail investors alone own at least 25M to 30M shares, essentially 100% of the float. This would both prove the existence of naked shorts (aka synthetic shorts), which are illegal, and would also mean that the short-float % is... irrelevant. If there is any float at all, which there has to be, the float would then have to be comprised of a mix of synthetic shares and real shares, with some number of investors actually owning synthetic shares. So, the short-float % cannot be known until the synthetic share problem is sorted out... this is likely to be accomplished via the shareholder meeting proxy vote. So make sure and go out and vote! +- Buy/sell ratios have been through the roof on GME for months now, as shown by different brokerages, most of which have been Fidelity. This is not indicative of short-interest on its own, nor is it indicative of greater volume than selling volume. However, consider this: It is a lot easier to buy shares than sell shares. Retail investors can continue to join into the movement by buying GME shares, but if someone is attracted to the bearish argument for GME, they are extremely limited to shorting GME. Many have been margin called. You can only sell a share if you own a share, so short-sellers are not motivated to buy shares, rather, they are motivated to short. Thus, the sell-side of buy/sell ratios is likely not large sell orders, but smaller sell orders and/or shorts. Because this level of price-action has been kept up for months now, large sell orders over-powering the high ratio of buy/sell orders would have certainly exhausted share reserves by this point. Selling runs out of ammunition, but buying is unrestricted, until shares literally run out. However, short-sellers do NOT want liquidity to run out, because zero liquidity would lead to margin calls, so likely naked shorts will be taken out as liquidity reaches zero, in order to add more shares to the float. Anyways, so buy/sell ratios are comprised of small sell-orders (likely those swing trading or retail paper-hands taking 5% profits) or shorts. But price action has remained stagnant, bouncing between resistances and floors in a narrowing wedge for the last two months. So, this must mean that: 1) the sell-orders are in fact larger in volume, but have to be comprised of large short orders, not large sell orders, or 2) buy orders are being routed through dark-pools in order for buy/sell ratios to come out closer to even, thus maintaining a steady price, or 3) long institutions are holding down the squeeze by selling or shorting in order for the DTCC to be ready to handle such an event +- Ryan Cohen's tweets. Of course, highly speculative, but he wouldn't have a reason to mislead shareholders unless he thought that a short-squeeze was a real possibility, and/or that short-sellers are in some serious trouble. In addition, DFV clearly believes a similar story, although I am sure he has less information that RC +- Decreasing volume. While decreasing volume does not suggest a large short-interest, the price action of GME over the last 3 months does suggest that a large number of people are buying up the float and are holding. People expect GME should have a much larger price tag, and thus, people are willing to buy and hold. GME is becoming increasingly illiquid, and yet the stock price remains flat. The entire scenario regarding sentiment and price action suggests that high short-interest is the very thing that retail and institutional longs are holding for. The stock price is artificially low due to a large volume of uncovered shorts, and likely, a large volume of uncovered naked shorts + +*These reasons are listed in no particular order. Some of them are sort of similar to one another... I was trying to get a 'nice' number of reasons, sorry! + +----------------------------------------------------------------------- + +Please share any additional reasons why short-interest is likely high in the comments below + +edit: grammar edits, but I didn't finish editing... gotta run for Mother's day +Quick Take + +* In September, the Solana blockchain was swamped by transactions and ended up going offline for 17 hours. +* Solana Labs CEO Anatoly Yakovenko says that this is only a problem for those measuring in milliseconds. + +When asked what are the chances the network goes down again, Yakovenko replied, “I don’t know. It doesn’t really matter, though.” + +His argument went as follows: as long as there’s at least one copy of the ledger, the funds are still safe and the transactions will eventually get processed. If you don’t care how long a transaction takes to go through, “then how much do you care that there's a 72 hour block?”  + +Yakovenko likened the downtime to a particularly long wait between blocks. He claimed that Solana didn’t really go offline, there just wasn’t a confirmed block for that time period. “So that technically does look like a 17-hour block if you look at the history.” + +Bitcoin, Ethereum and Cardano have entered the chat for a laugh... C'mon bois, this is the biggest centralized shitshow of the century and it seems that going offline might happen again or frequently! + +Source: [https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again](https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again) + +EDIT: Thank you mods for changing the flair to "con arguments", how nice of you... The journalists from theblockcrypto must be the con artists for typing the words said during the interview... By the way the title of this post is actually the title of the source article! I guess someone is mad cause we call Solana out for being the garbage it truly is, centralized shitshow... +Based on the technology changes coming, the timing of taxes, and the general previous behavior of bull-runs, I think we'll see the next bull run in early May or June, to price levels of $4,000 or greater. + +We just had an awesome bull-run and now we're in a bit of a cool-down period. Taxes are being figured out, and technology is being improved. Price-wise I think the result is that we're in a necessary slowdown period, and it will stay that way for another 3-5 months. + +Once the technology improvements are realized, adoption increases, and people feel more comfortable to start making speculative investment spending we'll see a new bull run. I don't think it will be as aggressive as a 10x on pricing that we see from spring of 2017, but I'm betting a 4-7x is likely. + +This is all pure speculation based on how I view the state of the Ethereum universe right now. +A bit of unsolicited advice.. + +[ Already posted this on the daily thread, but a lot of interesting discussion came out of it so I thought we could continue it here.. ] + +The token evaluations in this scene are ridiculous.. Ricardo was talking about this throughout the discussion with Augur and Golem guys earlier today. +You have these whitepaper companies with vapourware tech, a shitty website and git repo. They throw an ICO raise millions of dollars (something they would never ever get from a proper VC on their half baked idea) and then a bunch of 20 year old guys circle-jerk each other here and on other forums till the bubble will eventually burst. + +Golem for instance seemed to me like a really good idea, until I started to really think and read about it. Even if it works there's absolutely no guarantee that people will use it instead of serious companies like Amazon, Microsoft or Google. The infrastructure these giants have is second to none and their market is EXTREMELY competitive already with amazing services and prices.. There has never been a time where you could access computational power more easily and more cheaply than with these providers. So even if Golem works (and I really hope it will) it will take an amazing PR and product team to turn the idea into a success story. For instance, their first use-case will be rendering blender movies. But if you talk to people who actually make a living out of modelling and rendering, they say that they're perfectly happy with the current server farm infrastructure and distributing their rendering requirements to thousands of random users is not something they'd be comfortable doing, even if it works.. Read this excellent analysis and convince yourself the Golem is still a good idea: +http://www.natesimpson.com/blog/archives/2017/05/21/why-gridcoin-beats-golem-hands-down/ + +Then take BAT: a fancy website, a whitepaper and barely anything else. If you then listen to people +who are actually making a living out of using machine learning day in day out to sell ads through the current infrastructure and channels and know their market in and out, they say that the idea is complete lunacy: requiring users to install a new browser or extension so they are shown MORE ads than before.. See discussion here: https://np.reddit.com/r/ethtrader/comments/6bk2kx/clearing_up_some_confusion_basic_attention_tokens/ + +Just as a comparison: It took Google 10 years to dominate the browser market: https://www.w3schools.com/Browsers/default.asp +Also the BAT guys are betting against the biggest ad company of the world: Google. Which by the way dominates the browser market. How likely do you think it is, that Google will simply watch as BAT takes a share of their market? + +Augur might very well be onto something truly novel and useful but they're not running yet and no one knows if there'll be a demand at all for what they can offer. Of course that's what you tell yourself if you're invested in it (I have REP as well) but to be honest fuck knows.. + +And these are the _promising_ ones.. There are dozens of shady bullshit companies throwing ICOs just to get some money so they can hack away on some half baked shitty idea a VC would never have funded. + +Bottom line is: being a VC and investing in highly revolutionary ideas takes a lot of effort, time and expertise. Reading a whitepaper (if you've even done that) and than throwing money at companies that are nothing but a few lines of code and a website is a recipe for disaster IMO. + +Even people who make their living out of evaluating companies and doing due diligence on them 24/7 get it wrong 9 out of 10 times. Out of 10 startups at y combinator they only manage to get it right once on average and then they get an airbnb or something similar. But they've been doing this for years and years, they know the industries they invest in, and they also know the people they invest in. + +Just because something makes sense on paper, and you convinced yourself about it, it does not mean that: 1. there's a good enough team to build it 2. there's a true need for the product (do you know the market?) 3. it will work at all + +All I'm saying is be careful guys.. If becoming rich by investing in companies would be that easy as buying a few tokens, everyone would be doing it.. + +ps: I love this scene and I genuinely think we'll be present at the birth of some amazing companies that will come to dominate the world like Google and Microsoft does today. I'm not trying to discourage people from investing in them, just pointing out the painfully obvious things :) +Went to buy a high-end sofa today. Retailer had a Black Friday deal for “30% off”. Deal price of $3,290 was in the price tag insert attached to the floor model (though the “reg” price was $500 more than was listed as the reg on last month’s “no sales tax” deal, while the “deal” price was conveniently only $70 less than the previous deal price 🙄). Got a delivery quote from the salesman and agreed to the purchase (at the deal price on the tag insert). He ran my credit card for it (price + tax + delivery) and went to complete the paperwork. Then he came back and told me the floor model price tag had the wrong insert, the price with the options it had was actually $200 more. + +I told him I was only willing to pay the agreed upon price and he went to “make a phone call” and came back saying it’s not my fault their “incompetent” staff misadvertised the price and they would sell it to me at the original deal price discussed. + +My question is, was this just a cash grab for an extra $200? Would that have gone to the company or the employee (they were def commission based)? Or is there some deeper reason, like making me feel I got one over on them for paying $200 less that the “real” sticker? Cause all it did was leave a bad taste in my mouth. +[https://www.youtube.com/watch?v=gXBJRz\_33Y8](https://www.youtube.com/watch?v=gXBJRz_33Y8) + +DFV, you have my standing ovation. My awe, and respect, and gratitude. + +And my axe, once these shares transfer. + +***APES, IT WAS RIGHT THERE SINCE JUNE 14*** + +[https://twitter.com/i/status/1404468676493971458](https://twitter.com/i/status/1404468676493971458) + +&#x200B; + +https://preview.redd.it/wvpyrykj8yr71.png?width=527&format=png&auto=webp&s=0c64b6b09964fa161ed83f995ec709ae03762a45 + +&#x200B; + +https://preview.redd.it/m6qtbzfn8yr71.png?width=528&format=png&auto=webp&s=a6f66e1940cfeaf667ddb258808616b516a10497 + +&#x200B; + +https://preview.redd.it/ic6vm4zq8yr71.png?width=534&format=png&auto=webp&s=398894d10b611e816b5f4dcb4d0c99b695a981c7 + +&#x200B; + +https://preview.redd.it/0nmsjdhv8yr71.png?width=521&format=png&auto=webp&s=589aa3972a0a20a051fdf6bb517d27377787f44c + +What? This dude is impatiently in some line? Is it just funny? WTF Roaring Kitty! + +Don't see it? Neither did I until now. I'm going to run through this for you. Maybe sit down. + +JetBlue: + +&#x200B; + +https://preview.redd.it/q9s88i7v5yr71.png?width=574&format=png&auto=webp&s=4825eca81a3debbe74c0c4a208e2a74e5ed62736 + +Carnival Cruise: + +&#x200B; + +https://preview.redd.it/5lre6v806yr71.png?width=608&format=png&auto=webp&s=c326755bac3b156ccf58511426f7ea8049fc8c15 + +Apple: + +&#x200B; + +https://preview.redd.it/2nrs68286yr71.png?width=646&format=png&auto=webp&s=cacb612750549e72afa029f303add64801415511 + +BlockBuster, however, was sadly Equiserve: + +&#x200B; + +https://preview.redd.it/w65b95i07yr71.png?width=871&format=png&auto=webp&s=fa7aa039da2a6c2a74b70b172c667b53c8b98e4b + +Which totally ruins the whole thi... + +&#x200B; + +https://i.redd.it/azd258tz9yr71.gif + +&#x200B; + +https://preview.redd.it/9xsod6qd7yr71.png?width=513&format=png&auto=webp&s=ba63012053d18eef82787bc9b178384158df7f62 + +**THAT MAN IS STANDING IN LINE AT COMPUTER SHARE.** + +\*\*\*\* + +DFV, I can't thank you enough for inspiring retail investors to truly learn this system. + +If I could say one thing... + +[https://youtu.be/4rrXR6n0RTY?t=207](https://youtu.be/4rrXR6n0RTY?t=207) +This is how it ends. They throw literally everything they have at it. Close their crypto positions, blow synthetics out the park, drive price down as much as possible. This is their last ditch effort to to get us to sell. I don't want to say hedgies are stupid because they're not. **They simply underestimated us.** + Bitcoin just reached its lowest weekly RSI since 2011. + +The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%. + +The RSI will rise as the number and size of positive closes increase, and it will fall as the number and size of losses increase. The second part of the calculation smooths the result, so the RSI will only near 100 or 0 in a strongly trending market. + +Going on the Weekly charts only, as this is a very long term outlook. Not even the Daily provides this broad of a perspective. + +[BTC Weekly](https://preview.redd.it/7fibhwd15i591.png?width=1443&format=png&auto=webp&s=ce1699b5f5d0fe1d4545cf78942f03b722ba05d0) + +In 2011, just two years after the birth of Bitcoin, the weekly RSI was at 21. The price of bitcoin was $2. + +In January 2015, it hit 27. Price was $154. + +In December 2019, it hit 29. Price was $3150. + +These levels are all textbook oversold values. In the past, every single time it hit these condition levels, it went back to 50 points over the next \~6 months, and hovered around that price for most of that time. After that, it has never again returned to those prices. + +Right now, it is at 26, and this is the most oversold it has been in 11 years. I am buying for the next six months. Merry Christmas. +Hello everyone. A few months ago, my 96 year old aunt passed away and she left her home to another family member who is not interested in keeping it. One of the things that we've since learned is that my aunt had a reverse mortgage on the home with a balance that goes much higher than the estimated value (by around $80,000). At the present time, it's just sitting vacant, but will be approaching pre-foreclosure soon. However, we're interested in purchasing the home. + +How exactly does this process work? This would be our first house purchase and we're not familiar with the process. + +&#x200B; + +EDIT: We live in Ohio +Hello everyone, I'm trying to build an algo and I need to define if the PA is trending (UP/DOWN) or neutral. Can anyone suggest a programmable way to test if weather a market is trending or not? I was thinking of MA's but how would I test for a neutral market? + +Thanks +I’m a 22 year old barely starting a ROTH IRA. Any recommendation on any dividend stocks or any stocks in general that I should add to my portfolio? Thank you +The title is pretty self-explanatory. With their recent acquisition in the student housing industry as well as their historic growth, is Blackstone worth investing in? +I was reading Barron's and ran across MPW, they operate hospital across the globe. Pay a .29 dividend 10% + +Price is 11.15 down for the year, what do you guys think? +I've always liked Ross Gittins' opinion pieces. This is another thought provoking and reflective piece on why despite having so much "more" in our lives than any other generation of humans that has ever lived, we've convinced ourselves that our standard of living is falling cuz.we can't have even more of the stuff that none before us has ever had. +You walk into any shop, outlet, restaurant they have prices for items. But pubs and clubs do not have to advertise their beer or drink prices. Why not? It’s crazy that I can walk into a pub and pay different prices at different times of the day for the same beer. +EDIT: added in rough budget for info + +I (30F) have lurked on this page for a while and firstly have to say that I am so grateful for it and all of the useful information. It has revolutionised my financial life. + +I didn't know much about pensions and was scared of the term 'stocks and shares' but this sub explains things so well and I wish they taught this stuff in school instead of trigonometry (no shade to Pythagoras though). + +My 20s were tough and I had my family run up a ton of debt in my name, but I have since cut them out of my life, paid off that debt and am trying to look to the future. (No, I'm not interested in suing them or anything - for the sake of my mental health, I just want to forget about that time of my life). + +Now, I'm 30F, and feel like I'm just starting. I changed careers about 18 months ago and I'm happier in terms of my job, but it's never going to make me rich (admin type role). + +I don't need to be rich; I'm fairly frugal but I want to be comfortable - I want a car one day, and to be able to go on day/weekend trips without counting every penny. + +I currently earn £25k (most I've ever earned, but my first permanent job, rather than the grad schemes and fixed-term contracts I was on before) and make Plan 1 student loan payments PAYE. My credit score is excellent - apparently the only thing I can do to improve it is get a mortgage which won't happen for a while... + +I am working on the following: + +* £50 a month and whatever I have left over at the end of every month - building up an emergency fund of 3 months' salary (currently have 1 month's worth in accessible savings). +* £375 a month, plus round-ups - maxing out (£4k) my cash LISA (this is my second year) each year. I am not sure if I am going to use this to buy a first property or not. +* £50-100 a month from next month - opened a Vanguard Global All Cap S&S ISA with £500 last month +* Will increase pension contributions from 5% to 12%-13% (employer contributions are 3%) to be half my age from Jan. Current pension with NEST (Sharia Fund - not for religious reasons but because it seems to perform well) + +I have paid into a pension since I graduated 8 years ago, except for 3 years where I lived abroad. The money from my pension contributions for 2 of those years I put into my LISA to max it out in the first year. + +I have not transferred my old pension (worth about £5000) to NEST - is this something I should do? + +Is there any advice you would give to me? I feel like I'm trying to do too much at once, but I also feel like I need to make up for lost time. I don't really have much more in my budget I can cut back on. + +ROUGH MONTHLY BUDGET FOR INFO: Monthly salary after tax and pension: £1620 + +Rent inc. house bills: £450 + +Mobile: £10 + +Medical cash plan: £29 + +Sports massages for back problem: £60 + +Osteopathy for back problem: £18 - after claim from medical cash plan + +Prescription: £10 + +Supermarket: £100 + +Misc/Other: £150 + +Travel: £50-100 + +Entertainment/Eating out etc.: £150 + +Savings: + +* (planned from Jan 2022 but reconsidering diverting) Vanguard: £100 +* Lisa: £375 plus round ups +* 120 day notice savings account: £50 + +Emergency fund: + +* Instant access 3.08% savings account (currently £400 in there): £50 +* Emergency fund savings account (currently £1700 in there): £50 + +Thanks for reading. +First, thank you very much to everybody who submitted questions for /u/jtnichol. Go check that conversation [here](https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/) if you haven't. Thank you too for all the nice reactions. + +### Next up, Ameen Soleimani + +Ameen is the CEO of Spankchain. You can learn more about him and Spankchain [here](https://medium.com/pov-crypto/pov-crypto-episode-11-w-ameen-soleimani-from-spankchain-33e2bf41a889), and [another conversatio](https://medium.com/pov-crypto/pov-crypto-episode-34-rise-of-moloch-ethereum-2-0-c3e6cf54087e)n was recently published where he explains the [MolochDAO project](https://medium.com/@simondlr/the-moloch-dao-collapsing-the-firm-2a800b3aa2e7), a vehicle for funding (eth2) development. ("We could fork Substrate" was a memorable quote.) I saw him for the first time at Devcon4 and thought his talk was hilarious. + +You might have seen some of his more recent contributions on r/Ethereum on Polkadot and Ryan Zurrer's [position](https://twitter.com/ameensol/status/1105167901881917440?s=19). This in part led to [a wider discussion](https://www.reddit.com/r/ethereum/comments/azyqdu/a_statement_call_for_discussion_from_some_of_the/) on what a moderator should be. I've also seen some posts asking Ameen to be the new Ethereum release manager, but I cannot find those. + +u/ameensol and I will get hop on Skype on Wednesday afternoon (UTC) to answer the r/EthTrader community questions, which you can post and upvote in this topic. Ameen is [@ameensol](https://twitter.com/ameensol) on Twitter. + +And as always, if you have any feedback, feel free to share. +Given the current price of Ether, and the hopeful future increase in price as adoption grows and the technology matures, the reality is we will be transacting in fractions of Ether on a day-to-day basis. + + +What does this mean? I personally believe that people do not like fractions of things, but rather multiples. That's why we say "50 cents" instead of "1/2 a dollar". Multiplying is inherently easier than dividing, and from a psychological perspective, people like owning multiples of things instead of less than one of a thing. + + +If Ether is at $1000, for example, newcomers may not even know that they can buy less than 1 Ether at a time, which would negatively impact their ability to invest or boost their investment own a recurring basis. + + +We have seen this with Bitcoin already, with "Satoshis" and "mBTC". + + +There are already names for fractional either, namely the "Finney". I personally find it....less than ideally named. But maybe I will get used to it if they catch on. + + +1 Finney = 1/1000 Ether. So we may have to get used to buying a coffee for 5 Finneys instead of 0.005 Ether. + + +Other potentials: + +* 1 ether = 1/1000 Ether (capitalized). This is how we refer to Calories when we eat food. A Calorie is actually a kilo-calorie. +* 1 eth = 1/1000 ether. Shorthand name is 1/1000 of the full name. This has potential, but we already shorten Ether to Eth regularly in conversations so it would take some re-learning to achieve +* A brand new name instead of Finney. +* mEth. 1000 milli-Eth = 1 Eth. Added this one as a joke :) + +What are your thoughts? How should we be referring to fractional Ether for day-to-day transactions as the technology catches on? +On DAOhub Vlad writes in response to Stephan who had earlier made conspiracy claims: + +>Stephan, when I accepted the call to be a Curator for the DAO, my understanding was my responsibilities were solely to be a certificate authority that checks whether payment addresses are truly associated with proposals and that contract addresses truly have EVM that corresponds with the advertised Solidity code. + +>After the DAO's crowd funding event became unexpectedly large and I could no longer ignore it, I started doing due diligence. I found that the community expects the curators to defend the DAO against majority takeover attacks. I also heard from many people who believe that they are able to withdraw their funds from the DAO if they don't like what's going on. + +>I don't know how it happened that these expectations were set, but it became clear to me after learning about the DAO's rules that currently the curators are unable to defend against takeover attacks and that it is not convenient (and it may be even impossible) for token holders to withdraw their funds. + +>I am doing my best to be a responsible curator. Many for some reason are relying on the curators to safeguard the DAO (for example see this comment in this thread). Calling for a moratorium on proposals is the only reliable and immediate way that I can see that I can safeguard the DAO. +I don't have DAO tokens, nor do I intend to make a proposal, nor am I attached to my position as a Curator, nor do I believe that I will ever be compensated for my work, here. I don't relish my time on social media, and consider this to be an unfortunately necessary distraction from my research on Casper, Fatso (my blockchain sharding solution), and the ethics of decentralization. +Finally, we did contact the NYT, but not Coindesk (Morgen Peck is writing the piece for IEEE spectrum, I told her about this in advance of going public because she's my friend, she mentioned that she was writing a piece on the DAO, and I needed someone to talk to about what I'm going through, here). + +>Initially we wanted to announce that the moratorium will take place, by having all of the curators agree before publishing it. In the end it became evident that I was not going to be able to get a strong consensus around the moratorium without seeking input from token holders. So now we're going public with this research, in an effort to reach as many token holders as possible. +If we can have certainty that a moratorium will be held, then I think there will be much less fear, uncertainty and doubt than there is now. + +>Let me close by saying that I value you and Slock.it's contribution to this community. I think it's a tremendous success by many standards. Lets make it a bigger success by playing it safe, instead of taking big risks! I feel a lot of affection for you and Christoph, and I really hope that this doesn't cause any hard feelings. +Basically I’ve been full time working for about 2 years now and managed to save about £12,000, my girlfriend and I are looking to get a our first house within the next year. Looking at mortgage calculators our budget is around £180,000 in the East Midlands area. My girlfriend had received a large sum of money from her father (~£20k) that she wants to use for a deposit too. + +Should we use as much as we can for a deposit to try and get a lower mortgage rate or stick with 10% and continue investing the left over? + +Edit: thanks for all the people posting creditable advice about my question. Commenting “don’t move in with her” whether to move in together isn’t the question I’m asking so thanks but no thanks. +Edit: Has come to my attention that my posts were discussed on AndrewMoMoney. I dm'd him on twitter if he wants to discuss further. + + +Good morning (it's not morning) and let's get your tin foil hats glued on. + +~~EDIT: Not sure what happened to the formatting but I'm fixing it. See TLDR or click the links for images.~~ + +~~EDIT: I'm gonna have to come back later to restructure this. We have more info coming. Stay tuned.~~ + +EDIT: More people have reach out saying they were messaged. Can everyone do me a favor and message me WHEN you were contacted? My hypothesis is they're attempting to source leads with increased urgency. + +**Also those awards better be free you dirty apes.** + +&#x200B; + +There has been an influx of postings by the karma-blessed folks requesting they become ~~influencers~~ shills in return for payment. Some of these folks include: + +[u/DrThrob](https://www.reddit.com/user/DrThrob/) + +[u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) + +u/itspalpatime (posted about this almost 2 weeks ago [here](https://www.reddit.com/r/Superstonk/comments/mkpujb/any_of_you_guys_get_one_of_these_this_morning/?utm_source=share&utm_medium=web2x&context=3) WOW, more to come from this) + +u/StockMarket_Wtf + +u/Seaguard5 + +u/Kilverado + +&#x200B; + +(if you were also messaged I will add you here) + +Briefly, my background is in design and marketing. I have 4-5 years of experience in field. Besides the obvious, I was suspicious of "LifeWater Media" based upon the name alone. It felt like one of those shitty names a generator throws at you, but hey, maybe I'm just being pretentious. + +I was hoping they would be similar to any other media company out there and I could call it quits. However, a google search piqued my interest and I wound up on LinkedIn. Now, I'm not going to tell you the low employee count or lack of posting is a red flag to me... but it's a red flag to me. Everyone knows you practice what you preach. If you can't get your company's logistics up, how can you reproduce that for a client? Not good at all. + +https://preview.redd.it/mznq53k3bot61.png?width=787&format=png&auto=webp&s=bd9239fb1c6765a6e92ecf47ab77c34addfe43b6 + +&#x200B; + +https://preview.redd.it/0p23s8y7bot61.png?width=786&format=png&auto=webp&s=b2650f73f233a2fc30b39411cf6351b427f4de9e + +&#x200B; + +Alright, I'll bite. I decided to check out the website and it's just as cringe as I imagined. It put me exactly in the mind of the projects my buddies and I would turn in during our intro to coding class. Just check out the [performance](https://lifewatermedia.com/). That's not professional whatsoever. + +&#x200B; + +https://preview.redd.it/jjzggg8dbot61.png?width=1440&format=png&auto=webp&s=0e28b9a79b4f29adffd935067e77e01b4e02cfc4 + +Edit: The address is 1415 South Voss Road Suite 110-431 Houston, TX 77057. This is what this looks like on Google Maps. It's a shopping mall y'all... and you mean to tell me..... they include 300+ suites? + +&#x200B; + +https://preview.redd.it/jbyczzih6rt61.png?width=1440&format=png&auto=webp&s=a1512f47294f5837829f8f6b85ecbbefe303f6de + +&#x200B; + +Back to the website. I mean, just look at this. Business guy in the corner is ruining navigation readability and you can see the edges are cut off. The About page blurbs are short sentences with no thought. + +&#x200B; + +https://preview.redd.it/md5buxjgbot61.png?width=1440&format=png&auto=webp&s=5c1deed21f571dcb20dab5185b39ea24bf00b954 + +You'll also notice there is no portfolio and the case studies are just walls of text with no mention of a specific client (or maybe I just didn't see it. Either way not good)! Now, sometimes this is for legal reasons, but I sense this is not the case with LifeWater. I'll be honest with you though, at this point I figured I'd check the archives and see a frumpy bare bone website and that would be the end. + +WRONG. Check this out. There's a testimonial section that's missing from the current website. Why hide that? Do you guys see this stuff? You have a VP Investor Relations, Owner, Chairman, CEO, Cofounder, etc vouching for you! This is GREAT for credibility. + +&#x200B; + +[Look at the date this was recorded](https://preview.redd.it/nccoudojbot61.png?width=1440&format=png&auto=webp&s=3b31c583b69297004acd3e8ee9e24ad9eb640120) + +And, my dear ape, this is great for us. + +The first one stood out to me most because it seemed most likely to be publicly traded. A quick google search will turn up Eclipse Gold Mining, a subsidiary of Hercules Gold USA LLC, with a parent company Northern Vertex Mining (NHVCF). I pulled them up on [Fintel](https://fintel.io/sit/us/nhvcf). I CANNOT find any institutional ownership but this little ditty popped up and I started speculating. + +&#x200B; + +[Down the rabbit hole](https://preview.redd.it/8tf6px3pbot61.png?width=1072&format=png&auto=webp&s=7a2378de5668a898fe1cade6e0d04160b4c76e91) + +So now, let's check out Realogy's Institutional ownership. We see all the big names: Vanguard, Blackrock, and lo and behold, Apollo Management. + +&#x200B; + +[uh oh](https://preview.redd.it/lr1mkl5tbot61.png?width=1029&format=png&auto=webp&s=b8398f792055dc8f353b734521174b99b81f4784) + +But don't worry, it doesn't stop there. Let's go back to Northern Vertex and check out who's running this shindig. You can go through them all [here](https://www.northernvertex.com/corporate/management-directors/), but we're looking for this guy: + +&#x200B; + +https://preview.redd.it/pcypxs3xbot61.png?width=929&format=png&auto=webp&s=6f8fb2ce92db569f86e1cf83490305ee93ab3b4f + +Geoff is the cofounder of **Maverix Metals Inc (MMX).** Why does that matter? Let's take a gander on [NASDAQ](https://www.nasdaq.com/market-activity/stocks/mmx/institutional-holdings). What did I find? + +Oh I don't know. Confirmation bias. + +&#x200B; + +https://preview.redd.it/r450h840cot61.png?width=655&format=png&auto=webp&s=bcfc48dd13b916a889c52950b0933c4c611dabbe + +u/Username_AlwaysTaken suggested finding when the position was added. Am i doing the ape right? + +&#x200B; + +[02\/16\/2021](https://preview.redd.it/4s8ijl0mgot61.png?width=1029&format=png&auto=webp&s=8bc732a443e3067bce49d7b0c6027bb02291b9af) + +Look who else is here! + +&#x200B; + +https://preview.redd.it/ko8quiy4hot61.png?width=1030&format=png&auto=webp&s=c39ebc646fac15fb0e8bc4b653d3a08f0362a33e + +**Let's talk about itspalpatime's post very briefly while I dig** + +They shared a screenshot of a twitter page that seems to have changed drastically. I assume this is due to angry apes (STOP INTIMIDATING THEM SO I CAN RESEARCH LMAO). Check it out. + +&#x200B; + +[Before](https://preview.redd.it/ezthxw9wrot61.jpg?width=674&format=pjpg&auto=webp&s=c36c270bc4b6ceaa61943c13ef431ac58d50cb26) + +&#x200B; + +https://preview.redd.it/1vxytj30sot61.png?width=605&format=png&auto=webp&s=b416028c0ceca4d007c9d10b41e0548853f2b407 + +This is less a lead an more of a reminder to **be kind**. Wrong is wrong, but I'm sure this person doesn't want to turn down a check and surviving sometimes means taking a sketchy gig. I'm still digging, stay tuned. I know their identity. Do not post it if you find it. + +Edit: I have returned to talk about our Influencer Researcher. This person is based in the Philippines. A lot of the other employees on LinkedIn are from the **same** place and they probably all know each other. Did some research on the city this person is from and found there's a lot of Business Process Outsourcing (BPO) and--okay I'll spare you the details. **Citadel holds shares in some of the biggest employers of this city.** Really sucks. Honestly, if that person or any of those people are reading this... you are very talented (I saw your portfolios) and you are better than some of the people I know working for companies like Netflix and you deserve more than Citadel taking advantage of you!!!! + +**TLDR: Request for paid shilling linked to Citadel, Credit Suisse, and \*pending\* the post has been updated [here](https://www.reddit.com/r/Superstonk/comments/mswcdm/lifewater_media_trojan_horse_the_ultimate_guide/)** +There's probably never going to be a world in which this sub won't hype up something like 002 - but as others have suggested, it's unlikely that it will be a MOASS trigger on its own. + +If indeed the GME outstanding short interest is as big as we believe it to be, it is essentially a 'nuclear bomb' lying beneath the capital markets. We know that other long positions held by Citadel and SHFs, (which consist of major holdings in major American companies) would be force liquidated following a margin call, producing loss of value for every mom and pop who religiously bought their Google and Apple for the last 30 years and don't deserve to be in the blast radius when the bomb goes off. THIS is what the powers that be want to prevent. They do not see MOASS as a good thing obviously, its instead something for them to defuse and limit wherever possible. + +Thus, seeing it through this lens of systemic risk, I wouldn't be surprised if the Fed is simply printing infinity money for Citadel to use to keep the price exactly where it is so that they can get everything in line so that MOASS goes down exactly as they want it to. + +It's clear that the implementation of the new rules this year are to A) build out procedural infrastructure where there previously was none, B) prevent something like this from ever happening again while consolidating power within major market players (as u/Criand has mentioned). And C) get the capital markets in place EXACTLY as they want them before any MOASS occurs. The point of DTCC, OCC, ICC rule implementation this year is not to KICK OFF the MOASS, it's to get the house in order so that the bomb detonates in a specially constructed, 'reinforced safe room' below the house. + +Enter 002. 002 is implemented NOT so that they can margin call Citadel at all hours of the day, but to send out a kind of 'radar signal' to determine which other unrelated funds/institutions would be force liquidated in the event of a MOASS. It's both a warning call to anyone who's close to falling below their net-cap requirement - 'Hi, this is DTCC calling before Marge, get your shit together please,' and as well paints an hourly picture to the DTCC (and by extension, the Fed, the White House?) of what the collateral damage would be at any given moment. It could also allow for early forced liquidations to get rid of risky parties on the verge of default to prevent a chain reaction. + +Others have said that when it happens, MOASS will occur on some random day, at some random time, and I believe that because it will be at the time most ideal for the powers that be. This isn't to say that MOASS won't happen, it's to say that it happens on their time and not our time. + +**TLDR:** 002 allows for an hourly radar ping for the DTCC, a 'bomb sniffing dog' if you like. It is first and foremost meant to alert the DTCC to OTHER problematic players whose balance sheets are at risk, and get them to either shore up their net capital, or take them out quietly before any MOASS so that it happens exactly as they want it to be with limited collateral damage to other institutions and players. Nothing changes. Buy and HODL. + +&#x200B; + +Disclaimer: This is not financial advice. It is pure theorization and speculation. I eat crayons by licking them like lollipops until they melt. +[Good afternoon r\/Superstonk, Jellyfish here hoping everyone is having an awesome Friday afternoon! If you are curious how to set up an E t h e r u m wallet, this post is for you! \(p.s., I used these same steps to connect my wallet and purchase the jellyfish to the moon NFT you see above\)](https://preview.redd.it/jzj48tyk9ki71.png?width=600&format=png&auto=webp&s=fa001c29ed3a79830184ddfa971dfdc6742a09b1) + +# Setting up a Wallet + +Personally, I use MetaMask in combination with a cold storage wallet. However, if you are first starting out, the expense for a cold storage wallet might not make sense. That's okay! + +You can set up a MetaMask account that will give you an E t h e r u m address, you just wouldn't have the extra security factor (having to physically sign off on transactions with the cold wallet). + +However, as long as you protect your MetaMask password and recovery key (seed) you should be just fine! Personally, I try to avoid typing my seed on any computer, as anyone who gains access to those words would be able to gain access to your wallet. Protect these like you would any other important documents (birth certificate, social security card, etc). + +**With that disclaimer out of the way, let's walk through setting up a wallet!** + +What is MetaMask? + +**MetaMask** is an Ethereum Browser and Ether wallet that interacts with **E t h e r e u m Dapps** and **Smart Contracts** without the user having to run a full Ethereum node. MetaMask add-on can be installed on [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en), [Firefox](https://addons.mozilla.org/en-US/firefox/addon/ether-metamask/), [Edge](https://microsoftedge.microsoft.com/addons/detail/metamask/ejbalbakoplchlghecdalmeeeajnimhm?hl=en-US), and [Brave](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en). + +For this example, I am going to walk setting up MetaMask via Chrome. The steps for other browsers should be similar, but happy to help try and assist if you run into any issues! + +First, open Chome and navigate to the [Chrome](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en) extension page and select 'Add to Chrome': + +[https:\/\/chrome.google.com\/webstore\/detail\/metamask\/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en ](https://preview.redd.it/ri7qy52caki71.png?width=1632&format=png&auto=webp&s=b9ff42d709ee044a74353b4dcff39d05e380b2a6) + +After clicking 'Add to Chrome' you will be presented with: + +[Select 'Add extension'](https://preview.redd.it/2vbbaiffaki71.png?width=565&format=png&auto=webp&s=23ad31b25e54ec20d131eee4758f2575b11d39cd) + +Once installed, you should see: + +[Select 'Get Started'](https://preview.redd.it/rbl0de9jaki71.png?width=723&format=png&auto=webp&s=fe5a5b2fc328c1060e04a8944e0a8488da3fa90d) + +[Since we are setting up a wallet for the first time, we want to 'Create a Wallet' ](https://preview.redd.it/5jvc271laki71.png?width=1272&format=png&auto=webp&s=be61c4c74ebf98cb5d63870bb39c88e259f6fed5) + +[Select 'I Agree'](https://preview.redd.it/of3jpg7naki71.png?width=1253&format=png&auto=webp&s=d8f88f94592208f8241c79b3340b53f3869f8ff9) + +Next, you will be prompted to create a password for your MetaMask account. Personally, I use a password manager and had it generate a nice long and complicated password. Whatever you do, please avoid Password123 of something easily guessed!: + +[ Make it a strong password! ](https://preview.redd.it/ffjpqrvqaki71.png?width=685&format=png&auto=webp&s=be30a427c4922bd71c0c2acdda8371c15b2d7cd2) + +This next step is absolutely critical, please watch the video and be absolutely sure to protect your recovery phrase like it is stacks of money (because it is!). I would also avoid typing and saving it on a computer. + +[This video is well worth the watch! ](https://preview.redd.it/zko3y3h3bki71.png?width=1501&format=png&auto=webp&s=754fdd5e428ad04757bc668166529b9446c0ad09) + +[Listen to Gandalf!](https://i.redd.it/tazzjp51bki71.gif) + +[ Back them up! Then click 'Next' to confirm you have it all correct. ](https://preview.redd.it/u1wht0f5bki71.png?width=1114&format=png&auto=webp&s=f90b9ac47fe8a81a2a3afd8e2d6c99648c42a3f6) + +[ Congratulations, you have now set up your wallet! ](https://preview.redd.it/bzs05qo6bki71.png?width=1145&format=png&auto=webp&s=9226b2520472026dce22536dab2cefd11df41876) + +[ Now you can fund your wallet! If you mine, you could set your rewards to hit the address. If you are going to buy from an exchange \(C o i n b a s e, B i n a n c e, K r a k e n, etc\), you could send the purchased E T H to your newly set up wallet address! ](https://preview.redd.it/s2rbihr7bki71.png?width=1580&format=png&auto=webp&s=091b84690dc89e36d43591df942f80d1a6c77f12) + +[Thanks for taking the dive with me on setting up a wallet! Please let me know if you have any questions or concerns as happy to try and assist. Thanks and I hope you have a great rest of your Friday and an even better weekend!!!!](https://i.redd.it/jaibig6ebki71.gif) + +EDIT: u/MrMadMinecraft u/starlordee u/MrPinkFloyd: + +How would you suggest I can avoid this post (and any other post in the future) from seeming like an Ad moving forward? Is it all the screenshots? I find if I type too many words without some sort of visual breakdown, I lose folks. + +I can assure you, this post was not sponsored in any way. The 'idea' for the post arose from folks dropping me messages and comments asking if I could put something together on this topic. I guess since I have posted as honestly and completely as I can about crypto, inflation, the SEC, etc. in the past, some folks thought I might be able to put something together on this topic that could be helpful, so I tried. + +To be honest, I was petrified of coming off as shilling before posting. I didn't imagine it would be about MetaMask though. I thought I would get called out for the brand of cold storage I use, hence going back and removing any specific references before posting and only speaking to it generally as a cold wallet/storage. + +I only posted on MetaMask because that is all I ever have used (after researching some time ago for my own personal needs) and have never felt the need to move on. + +I would be happy to try and put something together on other wallets (which I assume is similar in steps) but would not be able to speak to or vouch for it like I can with the wallet I actually use. + +To those questioning if I am a paid shill or what my motivations could be? I did this for the same reason I take the time and effort to put any other post together: I am an ex-educator who left the field because I couldn't make it work economically but still has the itch to help others learn and grow in their understanding--these Reddit posts (selfishly) have scratched that itch for me. + +This post has only come from a place of wanting to help others understand, no more no less. + +To those in the comments saying they want to wait until they hear something official from GameStop, I applaud that! Information straight from the source is best! However, as I mentioned, there are others who would like to dip their toes into the NFT/crypto waters beforehand and this was only an attempt to try and help them in their journeys. + +I appreciate everyone interacting with, challenging, and questioning the information they read here (and anywhere)--as it truly leads to the best discourse and sharing of ideas! If I am inadvertently running afoul of the rules, please let me know as I am happy to correct or remove any offending posts, but as of yet, I haven't heard anything from the mod team about this post (or any previous posts) being an issue. + +Please let me know if you have any follow-up questions or concerns as I am happy to try and address them. Thanks and I hope everyone has a wonderful rest of their weekend! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi all, + +After some discussion amongst the mods, we wanted to make a post in regards to the recent donut farming activity and other things that have popped up. These issues have been brewing for awhile and it’s good to get it out and talking about it. + +We suspect (and have suspected for awhile) that several members are part of “upvote groups”. These groups operate by doing things like: + +* Comment spamming and upvoting each other en masse. +* Going into old threads and having conversations where they think it is harder to detect. +* Changing the flair on their old Comedy/Media posts to try and get more donuts. + +On JohnFrontino/SacredHam specifically, they could be the same person, but they could also very well be two friends that have been working closely together. Regardless, we believe that they have likely been involved in farming/upvote schemes of their own. + +We have made some bans in the past week where we thought things were especially egregious and have a number of users that we are going to have to continue to watch. So this serves as a blanket warning-before-ban to anyone that has been doing upvote collusion. You know who you are. We likely know who you are. Just post good content, get donuts. Life is good. + +Looking to the future, banning offenders on a case-by-case basis is of course a tactical move that can always be made, but it is not going to stop farming problems in the long run. Banned users can of course always come back under new accounts. So the best way forward is to address the problem via the distribution algorithm. Some thoughts on that: + +* The majority of upvote farming has been happening in comments. The recent proposal that passed essentially reduces comment weight by 50% going forward. +* The same proposal added tipping-curation and should help reward quality content. If you see someone put a lot of effort into a text post, tip it! If you see a good OC meme, tip it! As a recent example of this (hopefully) working, I wanted to highlight [this thread](https://www.reddit.com/r/ethtrader/comments/pnr88u/nfts_explained/). It clearly required effort and planning and it received 8 tips - this should help reward this post under the new system quite a bit. And the best part of tipping, you will get donuts back in the next distribution for doing it. +* Reddit has some new tricks up their sleeves and is working on some changes to help all Community Point subreddits better combat these types of farming. +* We now have a system in place that notifies the mods when someone changes the flair of a post away from Comedy/Media/Self Story. You're not being sneaky! +* Many members have talked about the possibility of normalizing distributions or applying diminishing returns after a certain point. These solutions would effectively lower the ceiling, but raise the floor for monthly donuts. Most people seem to be in favor of some form of this. For something like this to pass, it of course has to go through governance, but keep your eyes peeled. + +Thanks for going through the donut experiment with us. Together we’re doing things that have never been done before. I think it's pretty exciting, but it will always be a learning process and will always require tweaking. +Seems to me the whole project is undervalued to an astonishing degree, with the DAO distraction behind us, POS coming up, Vitalik hard at work solving the scaling problem, light client development progressing etc. Not sure what it will take for the floodgates to open but pretty sure it's just a matter of time now. +There is too much information in the wiki, and the faq is about strategies and backtesting data. I just want to know where to start to have a bot trading for me. + +I have a working strategy in tradingview and I wish to translate it to a bot. + +I know php and some python. Writing code should not be a problem. But where do I go from here? I've noticed that there are some services online where you can code your bot and have it run for X a month. Is that the best way to do it or should I have my code running on a vps? + +Thank you. +I've developed and back-tested an algorithm that I'm quite happy with. However, (I'm pretty sure it's?) timescale independent and only averages a slim (but statistically significant) profit margin on the order of a few to a few dozen basis points depending on how I adjust the variables. Obviously an investment strategy like this is most effective if I can make many automated trades at low fees. + +What are good options for exchanges/trading services someone using my strategy? The algorithm is generic and could theoretically be used for any asset class, but my suspicion is that it would be most profitable in cryptocurrency. For crypto I'm considering BlockFi, Binance and/or Robinhood, but none of them are checking all of the boxes for me. Outside of that realm I haven't done a lot of research and obviously there are many, many options. + +TL;DR: I'm looking for a platform where I can execute \~dozens of automated trades per day with low/no transaction fees. Any liquid asset class will work for this. Suggestions are highly appreciated. +My parents paid in full for a tour earlier this year. Due to COVID of course everything got postponed and pushed back. Parents just received notice that the company declared bankruptcy and were sent a letter. Parents paid 7k for everything and they are only offering 3k in return. No other options. Either take the offer or get nothing in return. Any advice or should my parents take what they can get? +Everything is clear to me since. + +It seems obvious now that DeFi is a bubble. Everyone is trying to lure you away from Bitcoin with exceptional return rates, it feels so shady (I'm not naming any specific altcoin here, but you can all guess it).  + + +Proof of stake make no sense. A currency itself doesn't need to give interest. I was feeling forced to stake to get interest or else I will get punished with inflation. So everyone are locking their coins in custodial exchanges so they can stake for them. Cryptocurrencies on exchanges can't work! It can get cornered by governments and even shutdown. + +Their systems is flawed and a messy catchall. The systemic risk in the ecosystem is insane and poorly reflected in the price. There is so much things that can turn out wrong and it can burst at anytime. + + +DeFi is cool sure, but altcoins are at best testnets for the Bitcoin second layer. Everything of value that altcoins offer can and will be built on top of Bitcoin. Cryptocurrencies are not tech stocks! + +Bitcoin itself just need to be secure, private and decentralized. Keep it simple! It makes much more sense that institutions and decentralized projects will use the Bitcoin infrastructure. Thus, making altcoins completely obsolete. +I’m anticipating that Reddit is bought by SHF. Don’t believe the decline of post quality. Hedgies R Fuk. Buy Drs Hodl. We are facing an event that is very rare in history, when poors fuck the few rich assholes. No cell, no sell. I will only sell half of my shares ever. Because SHF are forced to buy about 95% (might be more) of the float at some point in the future. +If they have to buy the float and we own 45%, then they will not be able to, and then the price of the paperhand controls the price. Don’t value yourself too low, because they are prepared to pay a 1000fold of that number. Even if it’s a phone number. Remember, these are billoinaires that owe us every penny. If they run out of money, then the system that allowed this to happen owes us. And that is for real, if they decline, then western economics and policy has failed, and they will not allow that. Hodl on for your lives. +Been thinking about trying to build out a portfolio using PMCC's and DCA'ing into the underlying stock or potentially exercising at expiration. I want to try it with some beaten down companies I'd like to own likes $PINS and $AMD. Looking at grabbing Jan 22' calls with around .7 Delta to sell short legged calls against for the next couple months and using the collected premium to slowly buy shares in each name. Depending on where the underlying is in 7 months I would consider exercising as well. Any thoughts on this or has anyone tried something similar? +I'm considering applying for Portfolio Margin (Fidelity). I have \~500k portfolio, focused on Covered Strangles strategy. Tech, FinTech/Banks, Consumer stocks. Mix of TastyTrade DTE 30-45 days, and weeklys. I use \~25% buying power. + +Having PM will allow me to flex up to 50-70% BP more comfortably from time to time. + +Any advice / strategies from folks using PM? Thanks! + +edit: clarify opening BP use to 50% Reg T (on occasion). But more comfortable doing that with PM, where 50% RegT equivalent I suppose is less. More breathing room. +I am wheeling TSLA for 3 weeks and seems pretty good so far. What you guys wheeling, here is my reasoning. First, I like growth stock I don't look at P/E, if fact if PE is below 20, I usually don't trade and it's been working well so far for me. + +I have different accounts for a day trade, swinging, and long term. + +TSLA wheeling falls under high IV theta strategy, it's risky but when I looked at chart seems like TSLA has found good support around 550 area. [https://www.tradingview.com/x/JWBv857P/](https://www.tradingview.com/x/JWBv857P/) + +Week 1 Tesla was around 680 and I sold 650 puts weekly for 700, I closed that for 50 dollars so 650 profit. + +Week 2 I sold 650 again when TSLA was at 658 for 1450 credit, I closed that with 1000 profit. + +Week 3, I opened 655 calls for 2 weeks out for 1350 credit, let see how it goes. + +&#x200B; + +Risk - If I am assigned my cost will be 625 so plan to sell call at that point, you do need some capital but IV is juicy. + +&#x200B; + +Note: I am long TSLA and actually getting TSLA stock with credit. Goal is to make 50 TSLA at end of 52 weeks. +My tax guy who did my returns for 20 years recently passed so I’m now in the market for a new tax service provider. Who does everyone use here? Do you guys go for big firms or small local groups? CPA or just “a guy” you know? + +Just trying to get a consensus on who r/fatfire gravitates to in terms of tax prep. Not trying to dodge any taxes either, just pay my fair share while obviously optimizing where possible. Thanks in advance. +Hello all. I have come across several “courses” to learn how to flip properties using other people’s money. My question is are these courses real and is worth taking the course to someone with no real estate experience? +I know of a lot real estate investors who have vertically integrated or started their own acquisitions teams, property management companies, and investment fund teams. I have recently met someone (we’ll call him Jerry) who owns a construction company and builds all of his own multi-family houses. Jerry says his construction company not only makes a huge profit building homes for customers, but also allows jerry to acquire his properties for 30% less than if he had someone else build it. Jerry says the profits are worth the expense of having the construction company. + +My question for you all is if you think this integration could be taken a step further? What do you all think about starting a lumber/saw mill company in addition to having a construction company to help make the price of building your own complexes even cheaper? + +I’ve tried looking up companies that do this but couldn’t find any solid example. +So, something I've always been curious about is how to set up a trust fund that will provide for my family for generations to come. A recent post quoted a statistic that a families wealth is gone by the 3rd generation in 70% of cases. I want to be that 30%! + + +Now, the three biggest challenges I see to achiving this: +- Asshole family members that steal all the money for themselves via lawers or scamming. +- Lazy/Spoiled family members that squander it. +- Running out of money, too many hands in the pot. + +I think it's an interesting thought experiment to try and figure out how to give without giving too much, and how to maintain solvency from beyond the grave when people who don't share your FI values could be in control. + +One of my initial ideas is to split the fund into "SWR" chunks and distribute yearly/monthly to each generation separately. If there are 3 kids (2nd generation), each of their families get 33%, if 1 kid has 2 kids(3rd generation) then the 33% would be split further. That keeps it fair for each family. + +Another idea, you could split it by person: if there are 3 kids(2nd generation) and one has 2 kids(3rd generation) then the "SWR" would be split 5 ways or 20% each. However, then the family of 3 would be getting more than the other two, favoring them for having more kids, essentially diluting the pool for their brothers/sisters. when a family is getting large after a few generations the payouts will get tiny! + +The distributions wouldn't start until 18 or 25 because I'd like it to come at a time when you really need the money but are old enough to appreciate it. I also don't want it to be a "lump sum" which is easily lost (see: lotto winners) +I was just made aware of this recently, but the short summary is that you can keep track of the HSA eligible expenses you paid for out of pocket and delay reimbursing yourself indefinitely. So you can let your HSA grow for 20 years, then take a reimbursement for whatever amount of medical receipts you have from ANY time in the past (that you had an HSA), and use that money for absolutely anything non medical related with no penalty or tax. + +If you have $10,000 worth of receipts, take a $10,000 vacation 20 years from now etc. The issue is you need to hold on to those receipts for that amount of time. What system are people using to keep track that will last for the long haul? I’ve heard of people saving receipt photos to google drive etc and then tracking everything in Excel or Google sheets. + +Just looking for ideas for the most elegant/most robust solutions out there that folks have used. + +https://blog.healthequity.com/hsa-hack-delay-reimbursement-cash-in-later +The title pretty much says it all. This subreddit no longer offers any value for investors beside the most novice ones. The stuff being voted to the top is either about index funds (I've made a rant about this before in the topic [Enough with the: "Go with an index fund from Vanguard"](http://www.reddit.com/r/investing/comments/28tejg/enough_with_the_go_with_an_index_fund_from/) ) or the daily news. No value is added for someone who understands the basics of investing and reads the newspaper. + + On top of this I see experienced people getting downvoted for comments which are both correct and insightful but not circlejerking the classic "Vanguard is the only correct way to invest". This is killing the subreddit because experienced people don't feel welcome here. + + Until this sub turns into a true investing-subreddit and not a place filled with Vanguard circlejerks and incompetent people downvoting competent people I'm moving to another forum. + + Have fun. +So, I gave my younger sister 30 ETH, 3 years ago. I was helping her set up a wallet through chat on myetherwallet.com. I made her set up the wallet, log in and out again multiple times before I sent her the ETH. I sent her the ETH, and made her log back in to confirm she could get into it. + +Fast forward 3 years, and she forgot the fucking password (Apparently, it was my fault because I didn't emphasize how important this was!!! UGH!). + +Well, we have the .json file and the private key but no password. Is there anyway to get in there? I was reading about writing a list of possible passwords in a .txt file and brute forcing it but I have no experience in this. Thoughts? +I'm curious to how everyone is doing their taxes in regards to their ETH gains. Do you file when you realize gains if you buy and sell? Do you file at the end of the year with theoretical gains? Do you not file at all? Any information or tips would be appreciated! +**TLDR: Just a simple question skipping the details or drama, Do you want to change the banner?**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The History + +https://preview.redd.it/behvfsykezt81.jpg?width=908&format=pjpg&auto=webp&s=4392ed3e88aae433cf6149059f0b058aa1513859 + +[Large community update post](https://www.reddit.com/r/Superstonk/comments/t8qfce/community_update_post_new_mods_superstonks/?utm_medium=android_app&utm_source=share) about a month ago including banner submission contest to celebrate r/Superstonk anniversary. + + +[Poll asking if we should continue with the banner contest](https://www.reddit.com/r/Superstonk/comments/txrp4c/new_superstonk_banner_a_community_decision/?utm_medium=android_app&utm_source=share) even though it didnt get many submission or should we go with the r /place banner. + +After u/BoltFlower's [post](https://www.reddit.com/r/Superstonk/comments/txs32j/wut_think_of_this_banner/) got 16k upvotes so [we did a poll](https://www.reddit.com/r/Superstonk/comments/tz6eqj/superstonks_banner_the_final_decision/?utm_medium=android_app&utm_source=share) asking if we should use his version instead and all hell broke loose. + + +# The Problem + +https://preview.redd.it/j7rtfikoezt81.jpg?width=800&format=pjpg&auto=webp&s=69278e5da6de63b6ce9cd03e5f6b98031af5b1c8 + +We can only pin 2 posts. When we make a community announcement it needs to be pinned.  If we dont pin it gets drowned and people complain we don't include the community in decisions, if we do pin people complain we are wasting a pin slot. + + +After the poor performance of the "final poll" and the many requests to instead pin the Dave Lauer petition we did just that and I promised we would circle back to the banner issue.  Here we are! + +# Moving Forward + +&#x200B; + +https://preview.redd.it/mar2m05qezt81.jpg?width=640&format=pjpg&auto=webp&s=65b316099c893360c4cb6a1d3726bacb65febf7e + +So what now? Well first of all, do you want to change the banner? Let's go back to the basics of the problem at hand.  I will admit we did skip a step here but honestly we thought it was a no brainer.  That was probably a mistake.  Please vote below. + +If the answer is no, that's pretty clear cut.  If the answer is yes, we would certainly appreciate your ideas on how to best move forward.  Due to the limitations of reddits polling system we will probably need to drudge through the process step by step. There's nothing inherently wrong with that but we will need to take pin slots on the weekend to get feedback and run the contest. + +Part of the "job" we signed up for is to take poo flinging, wipe it off our faces, smile and move on (although some of you really need some more fiber in your diet). It still stings our eyes a little though, especially when we thought, "Ok this is a great idea, the community is behind it LFG!". Please bear that it mind when voicing your opinion on subjects like this.  If you don't want to change the banner thats completely OK, but if you do help us help you. + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +# [COMPUTERSHARE MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/) + +[View Poll](https://www.reddit.com/poll/u5b3eq) +My boss (~62) is about to retire and has lamented to my colleagues about how much he saved. (He also feels tethered to work to maintain his health insurance because he and his spouse are facing some health issues.) + +He's always been very frugal and just socked away as much as he could. I'm of a similar mindset, so I was surprised to hear that he's "saved too much." Unfortunately my colleagues aren't very financially-minded, so when I asked what he could mean by that, they say something vague about him being in a higher tax bracket or needing to take out more than he wants to annually (I assume they're referencing required minimum distributions, but I didn't think that started until age 72?). They are now all very careful not to "save too much" and warn me against my frugality and saving habits. They say that ultimately good savers get punished by the system. + +I wonder if his regret is centered around making too many sacrifices throughout his life for the sake of saving, and now facing health issues, realizing he should have enjoyed life more as a younger man. But I was also wondering if there are real financial reasons why I shouldn't try to max out my retirement accounts and just stick with saving ~20% (starting at age ~30). +[The ASX long-term investment report](https://www.asx.com.au/documents/research/russell-asx-long-term-investing-report-2018.pdf) shows property outperforming all asset classes over 10 and 20 years. Aust shares look ok over 20 years, but still give up nearly 2% of returns per annum. Pretty interesting read +For those of you who are FIRE, what is your reason for wanting to retire early? + +I’ve seen a lot of posts here lately where people are essentially like “I achieved FIRE but I don’t know what to do with my time” or “I have no motivation anymore.” + +To me, this is a simple problem of not having a solid intention around FI/RE in the first place. I think this is a common problem. People are so focused on the end result, they don’t spend time thinking about *why* they wanted that in the first place. + +For me, I want FIRE so I can spend my days hiking, painting, traveling, camping and seeing loved ones. I want to sail across the Atlantic. I want to surf in the best spots in the world. And I want to support my parents, and start a scholarship fund for kids in my hometown. + +So what’s your reason for getting up in the morning? What keeps you motivated? A lot of the posts on here are quite depressing and I’d love to combat that. +I picked up a 2nd job part time around 3 months ago to make some extra $ to save and now have around 3k saved up now + an emergency fund. + +This is great as I’m trying to have enough for a down payment on a home within 5yrs + +Problem is I’m so extremely exhausted from working the 2nd job and I feel so mentally fucked. I can only manage around 4hrs sleep during the week and I’m working 14 hr days. + +Is this sustainable for a few years and I need to just suck it up? Or is the burnout inevitable + + +25yr old male with 1 yr old baby +I would like to start this off by saying this is not financial advise and I am by no means a financial expert. To be completely transparent I started my trading "career" with options on RobintheHood at the start of quarantine because I was layed off. I started with a few hundred dollars and on my best days I made 2-3 thousand. I started withdrawing money to blow it on clothes and dumb shit. Then proceeded to get way too confident trading and lost the rest. (smooth brained I know). I did not start buying and holding shares until this year. Writing this took all 3 of my brain cells working extra hard. Take what I say with a grain of salt. + +# HOW HEDGE FUNDS ARE RAISING FUNDS THRU OPTION CONTRACTS + +I have to start this off with a backstory nobody wants to hear unfortunately. I was at the dentist for my 6 month checkup and I struck up a conversation with my dentist about stocks. We started off with the usual stock chatter (Tesla, blue chip stocks, blah blah) but then I began to explain why I like the stock so much. I present all the DD and facts I have been educating myself on the past few months (FTD, synthetic shares, etc). Unfortunately, he does not believe in GME and told me about how he tried to sell $800 calls on GME. His broker (fuck I wish I asked what broker he was, on any apes have information on this?) did not allow him to sell a call unhedged (without 100 GME shares) even though he had the necessary funds in his account to buy 100 shares of GME at the time. and that got me thinking... + +The closing price on April 30th was 173.59. Multiply that by 100 and that is $17,359 + +If you are bearish on GME, why the **fuck** would you own $17,359 worth of shares in GME only to collect an option premium? + +&#x200B; + +[Webull options chain for the strike he was trying to sell](https://preview.redd.it/ij9kyhejfuw61.png?width=1514&format=png&auto=webp&s=9c5174ff67971234b87d805faa2efaeb9128b4d8) + +&#x200B; + +The majority of these options are likely not being sold by your friendly neighborhood retail investor. **They are being sold by the hedge funds shorting the stock.** Hedgies have market maker exceptions and are legally allowed to sell uncovered options. + +# VOLUME IN OPTIONS CHAIN: + +To further prove my theory, I decided to check out the options chain to see the volume of options on various strike prices for May 7th. + +&#x200B; + +[ITM options via Yahoo finacne](https://preview.redd.it/70s5vi3vhuw61.png?width=1778&format=png&auto=webp&s=1c454f17fa7079ac7e4bcb880dd63daafe3818cf) + +&#x200B; + +[ITM options cont.](https://preview.redd.it/ghd3vfwlhuw61.png?width=1736&format=png&auto=webp&s=e7e96d8948feae196dc496020538c51646420999) + +&#x200B; + +[OTM options](https://preview.redd.it/5luv5a3yhuw61.png?width=1838&format=png&auto=webp&s=c8a291ed1eaebb6e3056c5df4dd0f010292a9fa8) + +&#x200B; + +[OTM options](https://preview.redd.it/qortrx81iuw61.png?width=1788&format=png&auto=webp&s=db62bf67872ac19569c2c438ed7d444a4ab99b4d) + +Notice the insane amount of options currently OTM? Especially at $430 and $300. If GME has another side ways week you literally handed free money to Kenny himself to help him fund his side of the war. An important part to this theory is **option sellers collect the premium right away when they sell an option contract.** For example these options could have been sold a week or ago when the premium was likely much higher. + +# CONCLUSION OF THE DD AND MY THESIS: + +The short selling hedge funds are selling options to further delay the MOASS and stay afloat longer. They collect premiums by selling options contracts. The evidence of the insane amount of synthetic shares is out there and plenty of DD exists proving the theory (I am sure you have read it by now). As long as apes hold and GME does not go bankrupt, the shares **WILL** have to be bought back. Short sellers **WILL** have to buy back shares that are sold when they are margin called. **There is no need to purchase options at unreasonable and speculative strike prices. Nobody knows then MOASS is going to happen quit gambling and guessing.** + +# STAY AWAY FROM OPTIONS BUY AND HOLD SHARES. THIS IS NOT FINANCIAL ADVISE I JUST LIKE THE STOCK. GME IS NOT GOING BANKRUPT, THE INSANE AMOUNT OF SYNTHETIC SHARES WILL HAVE TO BE COVERED. + +&#x200B; + +Hopefully I am parking my dodge demon at my dentist office in 6 months. :) + +TL;DR: Read the title + +If any DD or facts disprove the information in my post PLEASE comment so I can edit. Also if any better DD posts exist that confirm or help please comment as well. + +EDIT 1: u/AvenDonn commented that hedgies have market maker exceptions and can sell uncovered options legally. Failed to mention that in my original post so I added it in. + +&#x200B; +No fluff here, just the numbers. + +but before you look at the financials, observe this table which categorizes msos by "Tiers" + +https://preview.redd.it/3c4b18n84dw81.jpg?width=1447&format=pjpg&auto=webp&s=9c30b6cb030b9f7ac2525f6c2f91ee9d7c0a460e + +Now, check this out and see if you can identify who is REALLY undervalued: + +https://preview.redd.it/t3gwggxe4dw81.png?width=2081&format=png&auto=webp&s=ed3d76c775e913df36ac2e8d6a4fc61fe01ca876 + +May the force be with you. +So my phone just broke (though i can still use it), and i need it replaced. + +I have Google 2FA and i want to know how can i replace the phone without having problems with the 2FA. + +thanks :) +Not sure if this is the right place but I need some advice. + +We had a call today and the company is moving to be work from home based. + +The catch is we are all going to receive new contracts where we will have to take a pay cut based on how much our commute cost us. + +Is this legal? Surely it should be a flat rate not a case by case basis? I travel by public transport and paid over £100 a month to get to work, why should I take more of a pay cut to work from home than the person who lived next door to the office that doesn’t exist anymore? + It’s a dream to live off interest, and not something I will ever achieve, but just to sate my curiosity, what does it take to generate £2,000 per month in interest? + +How much would you need in your pot? + +Where would you put your pot? + +Then, what sort of interest rate would you have to have? + +Plus, how do you deal with inflation? Including when £2,000 is no longer £2,000, eg 10 years when rent / house prices have doubled and a loaf of bread costs a fiver and a pint is £10? + +Are there better ways to generate £2,000 per month “passively”? + +Thanks for humouring me! +I will preface with obviously this is not an option for everyone, and great thought needs to be taken first. + +I've read a lot of posts about people worrying about paying their mortgages after their fix term ends. This is most likely not for them. + +Why isn't interest only mortgage thought of as a short term solution to the current situation? It could help ride out the next 2 years, and by then, circumstances could change. For example, pay increases, getting new jobs, kids getting in out of nursery and into free school, etc. + +I'm in a position where I'm in a good job with great prospects, so I am fully aware I might be looking at this wrong. +We all know that for the last 47 days we’ve been jerked around by the inverted Winihoff decumulation phase. But today Bitcoin moved into a descending pentagon pattern, currently testing 35k to the upper falsetto Trend Line of 37k. This indicates Bitcoin could possibly range back downwards to 30k if the Phase 3 Burgandy Trend Line isn’t held in the 24-hour period. + +If we *do* hold the Burgandy trend line, we could rocket past the 37k mark and overcome the asymmetric volatility, just like we saw at the end of last cycle’s oscillating Morningstone quadrant phase. + +In short: it’s quickly approaching Truth Time™️ for Bitcoin. If we can’t hold the Burgandy line, I see a re-test of the 21-day SVP directional level. But if we *can* hold the Burgandy line, and if Bitcoin blasts through the Tamland 27-week support metric, the upward pressure could lead to a downward stochastic indication of a Rainbow Cross. If that happens, all bets are off. + +Please subscribe to my shocked-face-thumbnail YouTube channel for more insight and analysis. +Non-farm payrolls: +2.5 mil vs -7.5 mil expected (-20.67 mil in April) + +Unemployment rate: 13.3% vs 19% expected (14.7% in April) + +These calls are gonna print. Gay bears are skinned and used as a rug in front of my fireplace + +https://reut.rs/3gW6HzH +My partner and i are doing the 5% first home buyers deposit scheme, meaning no LMI. + +I see a lot of people saying borrowing this amount is way too much which with the current rates i dont understand. + +Me and my partner are both earn 70k a year each. Currently paying 420/week in rent with ease. The difference in quality of houses in newcastle from ~620k to ~680k is huge thanks to all the first home buyers. I think for future growth potential it makes sense to pay that bit extra. + +We are able to get a 3 year fixed rate resulting in payments of $284 each per week, which seems quite manageable for us. + +After 3 years we will both be on more money and will have paid the loan down a bit, and worst case we can potentially sell and downsize. + +Am i crazy, please tell me your thoughts. + +TIA +The fourth largest Bitcoin holder bought another 926 Bitcoins at $37,748.12. + +https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ + +The certified Bitcoin billionaire has been buying more and more Bitcoins. + +Reminder: There will only be 21 million Bitcoins (a lot of these are lost forever) +Can anyone enlighten me on the legality of the new wave of subscription based charity raffle businesses that I see on social media. + +The user pays upwards of $30+ per month to be entered into a draw to win a large item such as a car or recently a 1.7m house + +Specifically a company called “LMCT+” recently published an interview on YouTube claiming he clears $60m AUD per annum with zero employees running this business out of a co-working space in Melbourne cbd. + +In the same YouTube he claims to have 10 vacant properties and a multitude of cars including Ferraris with videos showing as such on the website. + +- The raffle business is owned by the director +- The charity is also owned by the director +- There are zero! employees, all contractors +- The headquarters is a co-working space +- Website states under 2m has been donated + +https://youtu.be/OrAx6qXLIN8 +Most traders, especially beginners don't track their trades. They don't have a proper system. + +When I was new to trading I bought random stocks, made some money or lost a lot of money and forgot about the trade. + +But now, I have an Excel sheet and I write down the details of all of my trades. It helps me find out a lot of data. + +My average win rate, the avg risk reward, the most profitable and least profitable days, why a trade went wrong, etc. Its very easy to find that. + +I've made a Video on how I track my trades using a trading journal. + +**[You can watch this video to understand the entire process. ]**(https://youtu.be/cYvk-b4S7Jo) + +If you already know how to do that, you can skip the video and start documenting. + +Documenting your trades is very easy, it hardly takes a minute but it seems like a chore. But it's worth it. + + + +[Click HERE to download the FREE template ](http://vikrantblogs.com/important-links/) + +Here's the template I personally used to track my trades. If you're a beginner and have no idea how to make the excel file you can download it. + +It's complete FREE, you don't have to give your email id or anything. + +-Vikrant C. +I’m 21, and I’ve just recently began investing. Only been about 2 weeks now, but I’m really determined to get this going. + +My question is, would it be a bad idea to transfer all of my savings into an ETF like SCHD? + +P.S any other tips or advice would be appreciated. +Well, I turned 40 this year. I know I’m late to the game and just recently started investing in April. I can only afford around $600 monthly but will put in a little extra when I can. I currently am in just over 5k invested of stocks and crypto. I’m looking for suggestions to help and old noob out! Thanks everyone 🙌🏽🤘🏽 +That’s it. + +I’m tired of seeing memes being mass upvoted when the text is some brainless shit like “stock market mad cuz poors did capitalism”. + +Sure the SHFs and the people who enable them are bad guys but screeching “eat the rich” is the kinda stuff they want you to repeat mindlessly so the actual arguments against them and their practices get drowned out. + +Idk if any of this makes any sense but I just wanted to get it off my chest. I’m a few beers deep into my day drinking so excuse my retardation. + +Peace out y’all and enjoy your weekend. + +���🚀🚀 + +Edit: to the people who respectfully disagree, I 100% value your input and the civility amongst most of the apes here is amazing. I love each and every fucking one of you ❤️ +The idea that hedge funds are lowering the price of certain stocks through coordinated "short ladder attacks" has been all over reddit the past couple of days. I've heard multiple versions of the story about how these work, all of which go something like this: +> To execute a short ladder attack, two bearish hedge funds trade shares of stock back and forth between each other at lower and lower prices in order to create the illusion that the price is dropping and scare owners into panic selling. + +**The TL;DR here is that short ladder attacks don't exist.** Due to the way the market is structured, activity like the kind described above can't affect prices in even the short run. To explain why, I'll first need to explain how the exchanges match up orders to execute trades. + +**The order book** + +For every stock listed on major exchanges, there is a list of requests to buy a stock at a price (called bid orders) and a similar list of requests to sell (called ask orders). A typical bid order says something like "I'm willing to buy 100 shares of company ABC at $10.00 per share", and a typical ask order says something like "I'm willing to sell 15 shares of ABC at $10.05 per share". Exchanges like NYSE and NASDAQ collect these orders into a list and sort them by price, so that the highest bid price and the lowest ask price sit on top of the respective sides of the order book. The difference between the highest bid and the lowest ask prices is called the spread. + +For example, let's say that the two example orders above are the highest bid and lowest ask orders for ABC. If someone submits a market sell order of 20 shares of ABC, they will have the entire order executed at $10.00 per share. The bid price will remain at $10.00 per share, but there are now only 80 shares available at that price. If someone places a market buy order form 20 shares of ABC, they will have 15 shares executed at $10.05 and 5 shares executed at the next lowest ask price. This would widen the spread for ABC. If you place a limit buy order for 20 shares of ABC at $9.95 per share, this would go in the order book under the bid of $10.00, and you won't get your order filled until all shares listed for sale at $10.00 are sold first. + +Some of the highest volume traders are called "market makers". They place both bid and ask orders around recently traded prices and hope to make money buy collecting the spread. They can lose money if the movement in price is bigger than the spread, so spreads are typically wider for more volatile names. High frequency traders make money by looking at the structure of the order book and the order flow and using algorithms to predict which way it will move. + +**The NBBO and the SIP** + +NBBO stands for National Best Bid/Offer, and refers to the highest bid price and lowest ask price across all exchanges. According to SEC rules, any broker must execute their client's buy orders at the lowest ask price and the sell orders at the highest bid price. Quotes of the NBBO and records of trade prices and volume are broadcast on SIP (Security Information Processes) feeds, which all executing brokers are listening too so that they can make informed decisions about the market. + +**Why short attacks can't really work** + +With this much information about the market being broadcast, the type of short attack described above is impossible. If potential short attackers executed a trade at a price lower than the national best bid, everyone listening to the SIP feed would know about it and their illegal activity would be extremely obvious. Certainly, whoever owned the bid at the top of the book would be pretty annoyed, since a worse buy order just got filled. + +And even if they don't wind up getting in trouble for it, the best bid price is still sitting there waiting to be filled by a sell order. Any broker executing a retail sell order would have to execute at the best available bid price according to the NBBO rules. And any market maker or high frequency trader will see what's happening and should know to ignore it. + +The only way these shorters could actually drive the price down would be to burn through the entire buy side of the order book until they reach some target price. This can move the price down, but typically it gets harder and harder the further you get into the order book. High frequency traders and day trading algorithms would also be able to catch on and start placing bids so they can buy at these artificially low prices, and the impact of the short trade will decay over time. As a result, the bears would have increased the amount of short they needed to cover without moving the price all that much, and they'll have lost some money in the process. + +**So what causes market crashes like GME had on 1/29?** + +For a crash like this to happen, sellers need to cross the spread to get their sells filled faster than the buy side of the book can replenish, causing the buy side of the book to thin out and vanish until it regains support at a lower level. This is basically order book speak for "a lot more people wanted to sell than buy". Beyond that it's hard to figure out exactly what happened, but it was probably a combination of some of the following: + +* Market makers had bought enough of GME that they didn't want to risk buying more and/or got a sell signal, so they pulled or lowered their bids +* Bid side support from retail investors thinned or vanished after some brokers locked them out from buying more +* Bid side support from previous shorts like Melvin thinned or vanished as shorts finished up covering their positions +* New investors opened up short positions if they felt GME was overpriced +* Some retail traders who rode the wave up took a profit at the perceived peak +* As the price began to fall, retailers who bought on margin were forced to liquidate at market price (the exact opposite of a short squeeze) +* As the price began to fall, long investors panicked and sold +* As the price began to fall, sellers of options decreased their stake used to hedge as option delta decreased (a downward gamma squeeze) + +Anyone who sold at the top of this crash probably contributed to the decline, but that doesn't make it market manipulation. If a trader of any kind looked at the order book, decided the buy side was thin, and sold, that's just a good trade. + +As far as I can tell, the notion of a short ladder attack is completely made up. Not only is it technically infeasible, but [there was little to no mention of it anywhere on the web just a couple weeks ago](https://www.truthorfiction.com/what-is-a-short-ladder-attack/). I'm guessing it's just an excuse that bulls invented and parroted when prophecies of price spikes didn't come true. +Related to the post about the wisdom of taking investing advice from Reddit, here are some of the current largest 52 week losses as listed by the Yahoo Finance app, a rogue's gallery of previous Reddit favorites...and HIGHLY touted on here over the past 1-2 years: + +Carvana: -90% + +Peloton: -88%, doesn't include an additional -16% pre-market + +Upstart: -88% + +Snap: -85% + +Novavax: -84% + +Roku: -81% + +Twilio: -79% + +Shopify: -78% + +Teladoc: -77% + +Zoom: -75% + +Lessons: do NOT listen to people who tout stocks on here, most of these will never recover their ATHs, you cannot recover from 80% plus losses by DCA-ing (LOL!), "technology is the future" is NOT a good investment thesis! People who are engineers and computer programmers arrogantly believe they are good investors, too, just like doctors! Valuation always matters, this time is NOT different. + +Hey all! It's been a second. True to my word, I only wrote DD as I deemed it appropriate, which is why I cranked out a bunch of stuff and then cooled off for a while once I didn't have any new leads. Well today, I thought I would dip my toes into another bubble that I'm sure you all are more familiar with; the Mortgage Backed Securities bubble. I'm not trying to fearmonger nor am I saying that we're in for another 2008-like housing crash - rather, I am hoping to show some more fuckery surrounding this topic and the asset backed securities market as a whole. If you're curious about other ABS bubbles, make sure to check out my series on Auto Loan ABS (ALABS) and Student Loan ABS (SLABS). Keep in mind that we're all still learning in this sub - I'm just an ape that figured out how to work a keyboard, so take what I say with a grain of salt. Without further ado, letsa go! + +For the uninitiated, let me briefly go over what an asset backed security is. Feel free to skip this part if you have some familiarity with the topic. + +\-------------------------------------------------------------------------------- + +[According to Investopedia](https://www.investopedia.com/terms/a/asset-backedsecurity.asp), *"An asset-backed security (ABS) is a type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or* [*receivables*](https://www.investopedia.com/terms/r/receivables.asp)*. It takes the form of a bond or note, paying income at a fixed rate for a set amount of time, until maturity."* + + "*Assume that Company X is in the business of making automobile loans. If a person wants to borrow money to buy a car, Company X gives that person the cash, and the person is obligated to repay the loan with a certain amount of interest. Perhaps Company X makes so many loans that it starts to run out of cash. Company X can then* ***package*** *its current loans and* ***sell*** *them to Investment Firm X, thus receiving the cash, which it can then use to make more loans.* + +*Investment Firm X will then sort the purchased loans into different groups called* [*tranches*](https://www.investopedia.com/terms/t/tranches.asp)*. These tranches contain loans with similar characteristics, such as maturity, interest rate, and expected* [*delinquency rate*](https://www.investopedia.com/terms/d/delinquency-rate.asp)*. Next, Investment Firm X will issue securities based on each tranche it creates. Similar to bonds, each ABS has a rating indicating its degree of riskiness—that is, the likelihood the underlying loans will go into* [*default*](https://www.investopedia.com/terms/d/default2.asp)*.* + +*Individual investors then purchase these securities and receive the cash flows from the underlying pool of auto loans, minus an administrative fee that Investment Firm X keeps for itself."* + +\------------------------------------------------------------------------ + +Ok, let's unpack this. In simple terms, let's say I take out a loan to buy a house (aka a mortgage). The bank that issued me this mortgage packages my mortgage along with tons of others into a bundle, and sells this bundle to an investment firm (e.g. a hedge fund), so that the bank has more hard cash to loan out to borrowers and thus sell more bundles. Then, these investment firms sort through these bundles and create packages of similar loans to sell to individual investors, like you or me, which we call an asset backed security. I argue that based on current economic conditions, MBS are losing value which could effect their usefulness as collateral and cause an overall recessive trend/tightening of margin by banks. + +Anyways, let's get back on track. I'd like to talk about why these MBS are decreasing in value. And what do you know, enter our old friend Covid-19. As you all know, Covid-19 royally bent over pretty much everyone's economy, including the USA's. What's the solution you may ask? In the wise words of sir Jerome Powell, ***"Print more god damn money!!!"*** While maybe not exactly true, one of the things the Federal Reserve can and did do is to decrease interest rates during a recession to encourage investment. While this may seem fine and dandy on paper, it had an unintended (or uncared about) effect on MBS. + +Before I get into that, I just want to take a quick second to define what a callable bond is[. According to Investopedia](https://www.investopedia.com/terms/c/callablebond.asp), *"A callable bond is a debt instrument in which the issuer reserves the right to return the investor's principal and stop interest payments before the bond's* [*maturity date*](https://www.investopedia.com/terms/m/maturitydate.asp)*. "* But why would a company want to do this? The site continues, saying " + +*If market* [*interest rates*](https://www.investopedia.com/terms/i/interestrate.asp) *decline after a corporation floats a bond \[borrows money\], the company can issue new debt, receiving a lower interest rate than the original callable bond. The company uses the proceeds from the second, lower-rate issue to pay off the earlier callable bond by exercising the call feature. As a result, the company has refinanced its debt by paying off the higher-yielding callable bonds with the newly-issued debt at a lower interest rate.* + +*Paying down debt early by exercising callable bonds saves a company interest expense and prevents the company from being put in financial difficulties in the long term if economic or financial conditions worsen."* + +Interesting! Essentially what companies can do is if after they take out a loan and interest rates fall, they can refinance their loan and use the extra money to pay off their more expensive previous loan and come out with a net positive. The attractiveness to investors is that these typically pay a higher interest rate than non-callable bonds, since there is the risk of market interest rates falling and you, the issuer, being paid less by a company that refinanced its loans. This will be important shortly. + +Anyways, let's get back to negative convexity. This callable vs. non-callable bond stuff helps explain how the phenomena works. + +Normally, when interest rates decrease, bond prices increase. However, for bonds experiencing negative convexity, the opposite is true; prices **decrease** as interest rates fall. [Investopedia reads](https://www.investopedia.com/terms/n/negative_convexity.asp), + +*"For example, with a callable bond, as interest rates fall, the incentive for the issuer to call the bond* [*at par*](https://www.investopedia.com/terms/a/at-par.asp) *increases; therefore, its price will not rise as quickly as the price of a non-callable bond. The price of a* [*callable bond*](https://www.investopedia.com/terms/c/callablebond.asp) *might actually drop as the likelihood that the bond will be called increases. This is why the shape of a callable bond's curve of price with respect to yield is concave or negatively convex."* + +Basically what this is saying is that in a recession (hello, Covid) as interest rates fall, the incentive for refinancing gets stronger and stronger. Therefore, financing these loans becomes less and less attractive to loaners, because they want to receive as much money as possible and NOT have these companies refinance their loans to overall pay less. + +But how does this relate to the larger market and MBS and our beloved stonk? Here's where we start to tie all the loose ends up. [Investopedia reads](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040), " + +*"Falling interest rates are spurring homeowners to refinance their mortgages. As a result, investors in MBS are getting their* [*principal*](https://www.investopedia.com/terms/p/principal.asp) *back earlier than expected. Although falling interest rates raise the prices of most bonds, this macro environment also can cause the prices of* [*callable bonds*](https://www.investopedia.com/terms/c/callablebond.asp)*, or other bonds such as MBS which can offer unexpected early repayment of principal, to fall in value. This is the paradox of negative convexity.* + +*Meanwhile, investors who have received early returns of capital are seeking to reinvest them elsewhere, and a major destination for these funds is the* [*U.S Treasury Bond*](https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp) *market, BI indicates. However, increased buying action in T-Bonds is sending their yields down yet more, reinforcing the vicious cycle since declining yields among these* [*benchmark*](https://www.investopedia.com/terms/b/benchmark.asp) *securities are causing mortgage rates to be reset at yet lower levels, thereby accelerating the refinancing of mortgages and the resultant decline in the value of MBS."* + +As it turns out, MBS are callable bonds. This means that people can make pre-payments on their mortgages and not have to pay interest in the future. And, since interest rates are so low due to Covid, a tonnnnn of people are refinancing. And according to Investopedia, many investors are using this new influx of cash to buy Treasury bonds. However, the government can't go broke with paying interest on a ton of new bonds, so it has to decrease yields of bonds over time, which causes interest rates to be set lower and exacerbate this negative cycle. + +As you can clearly see, as mortgage interest rates decrease, the purchasing of new houses decreases as well. This is because people would rather just refinance their current house with the dirt cheap interest rates. However, now that the Fed is slightly raising rates, companies are beginning to engage in something called *convexity hedging*. According to this same Reuters article, + +*"The rise in Treasury yields has created the need for investors who hold mortgage-backed securities (MBS) to reduce the risks on the loans they manage to counter the negative effects of slower loan prepayments when interest rates climb, a move known as 'convexity hedging'."* + +Ok! So, Covid-19 + JPow/Quantitative Easing (money printing) = low interest rates. Low interest rates = MBS are not worth much because they are a callable bond and can be refinanced with these lower interest rates. However, these low interest rates are very unsustainable. So, interest rates rise --> convexity hedging (because now the principal amount is taking longer to be paid so its overall less attractive to buyers) --> MBS values also fall. Really, it's a lose-lose situation regarding interest rates an MBS. + +This decrease in value of mortgages/MBS is leading to companies needing to find a way to find a different form of collateral. Enter Home Equity Lines of Credit, or HELOCS. [According to Investopedia](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040), + +*"*[*Home equity loans and HELOCs*](https://www.investopedia.com/mortgage/heloc/home-equity-vs-heloc/) *use the equity in your home—that is, the difference between your home’s value and your mortgage balance—as collateral. .. However, there’s a* [*downside to using your home as collateral*](https://www.investopedia.com/articles/mortgages-real-estate/11/helocs-can-hurt-you.asp)*. Home equity lenders place a second* [*lien*](https://www.investopedia.com/terms/l/lien.asp) *on your home, giving them rights to your home along with the first mortgage lien if you fail to make payments."* + +Yikes. Basically, on top of of just financing a single mortgage like normal, you can essentially take out a second mortgage that gives you a line of credit to use for alternative debt repayment. Companies have really started pushing these as alternative ways to 'bring down the cost of your mortgage' when you're really just taking out another mortgage to pay for your first one. I will be closely watching for a potentially large increase in the usage of these HELOCS as the Fed begins to inevitably have to raise interest rates and restrict QE. + +Now, it's time for the TLDR! + +TLDR + +\--------------------------------------- + +* Asset backed securities are packages of loans that use some type of asset as collateral. In this case, we are talking about Mortgage Asset Backed Securities, or MBS. +* Callable bonds are a type of bond where the issuer can pre-pay the principal amount through refinancing with a second loan if market interest rates fall +* MBS undergo negative convexity, which is the phenomenon where as interest rates fall, bond prices decrease (normally it is the opposite) +* This is important, because MBS are essentially caught between a rock and a hard place: interest rates falling during Covid/Quantitative Easing (money printing) caused these mortgages to lose value due to negative convexity; this caused MBS to lose value as collateral, and thus the market corrects recessively as banks tighten up on margin to lower their risk. However, the more recent rise in interest rates has created the need for MBS holders to reduce risk on loans they own because now they are not receiving as much cash up-front (which also causes a tightening up on margin). +* Because of these complications, companies are turning to Home Equity Lines of Credit (HELOCS), as alternative forms of debt repayment - these are even more aggressive than mortgages, and if interest rates keep slipping upwards, I foresee these HELOCS once again rising in popularity and thus more repos happening. +* This all relates to our favorite stonk because in my opinion, tightening of margin will only exacerbate the GME situation and cause margin calls which could potentially send the rocket going. + + I am not a financial advisor, please do not ask me how to make money off this play. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS, and keep sending me leads to follow! Thanks. +Not sure if this is the right place to ask this but I’m putting my house on the market and once it’s sold I’ll be sitting on a good chunk of change. But here’s my dilemma do I rent or buy? I keep hearing I should wait to buy when the economy takes a turn, but no one can really predict when that will be. Also, I’ve never rented before so it’ll be a little odd. I’m still willing to do so if that means I’ll end up getting a better bang for my buck later down the line. If the economy does take a turn, then I’ll be able to buy 2 homes. One for residential and one as an investment property. +I imagine if contractors have zero interest in this place, then someone (me) with zero experience building a home has no business even considering a complete renovation… +I’ve recently purchased land and plan on building a small apartment complex on the land. I had the blueprints for the 6 unit building drawn, and originally intended the building to be 2 stories tall with 3 units on each floor. However, the company I hired to draw the blue prints came back and told me the zoning would allow me to add a 3rd story, for a total of 9 units. + +While I can I afford it, adding the 3rd story would increase the total price of the property by about 35%. At the same time, The 3rd story would also increase my net annual income by about 70%. If I did add the 3rd story, I would probably lower my rent so that my income would still increase by about 60%, and I wouldn’t have to worry as much about vacancy. + +It seems like adding the 3rd story is a no-brainer since I can afford it. Obviously, being able to lower rent while net income increases makes it seem like I should go with the 9 unit complex, but what are some risks that come with building an additional floor/3 additional units that I’m not thinking of? + +I’m also curious to see what you guys would do in this situation so please let me know. +hello + +wondering why so many people say the landlord isn't worth it or hiring a PM isn't worth it and better to sell off rentals and invest in index funds? +Hello Reddit, + +Attached is a snippet of the private money loan that we got from a family friend. This is for 100% financing and my partner and I will be fronting the repair cost. I know this is higher then what we could get through a hard money lender, but we went this route for the ease and not having any closing cost etc. The purchase price is 187k with an ARV of 350k. What y’all think ? + +Contract reads as : + +The purpose of this Agreement is to finance the +Borrower's purchase of +on July 28, 2022 (the "property"). The Lenders +Will loan $187,000.00 to the Borrower on that date. Borrower will repay the principle plus 10% of the principle in interest, that is, $205,700.00 total ($187,000 plus 18,700) six months after the closing, that is, by + +December 28, 2022. Though Borrower has the right to pay +earlier, the payment will remain the same ($205,700.00) +For every additional month, past six months, that the +Borrower has not repaid the loan, Borrower will pay +Lenders an additional 1% in interest ($1,870.00) per +additional month, that is, an additional 1% in the seventh +month; an additional 2% in the eighth month; an additional +3% in the ninth month; an additional 4% in the tenth +month; an additional 5% in the eleventh month; and an +additional 6% in the twelfth month. For clarity, if repaid at +the end of the twelfth month, the total amount repaid will +be the principle of $187,000 plus $29,920 ($18,700 plus +$11,200) in interest for a total of $216,920. +After six months, if payment is made during an additional +month, that is, during a partial month, the additional 1% in +interest for that month will be prorated. +Under the gold standard, I guess we never had much inflation (for good or bad) + +Yes it will take gold off the market. and store it. but would that matter. + +there could be foreign countries, buy up the money and exchange for all the gold. I guess there is way too much loose money around to stop that. + +But would a gold standard currency be good or bad? +Non-economist here with a question. Some people refer to wealth as a pie that is to be allocated and others say there is no pie since you can create wealth. How do we know that wealth is not subject to the laws of thermodynamics, so that it can neither be created nor destroyed, only transformed (e.g., to/from money, work, time, property, etc.)? If wealth cannot be created, only transferred, how can we expect "economic growth" to fix problems somewhere without creating scarcity elsewhere? +My understanding is that Marx's analysis is that capitalists drive down wages to make profits, which leads to a 'surplus' value on goods that are sold (almost like a tax) which means that workers can never consume everything they produce which leads to overproduction and the boom and bust of the economy. + +I asked one of my professors whether this theory had any value at all (I don't believe it does but my dad is an old tankie so I have to hear it every week) and he said there are other theories which explain business cycles better. So I'm wondering is there a) logical reason as to why this can't hold and b) empirical evidence against it? + +Also if my understanding of Marx's analysis is wrong feel free to correct it +I frequently hear arguments that a state has more millionaires than another state in the context of discussions about whether a certain state is doing well economically. But is that a fair measure? Is number of millionaires a better indicator that say GDP? What would the best measurements of economic health of a state be? +[This post](https://www.reddit.com/r/nottheonion/comments/r63qyi/comment/hms22ej/?utm_source=share&utm_medium=web2x&context=3) from make several claims that I was wondering about. For example: + +>as world inflation keeps rising (which it has, literally just look at the inflation graph for any currency since 1940) the cost of these social services increases, but the amount they earn in taxes is not going up to match the amount they need to spend on these services + +&#x200B; + +>This is unmaintainable, eventually the interest payments will rise above the total income from taxes, and they'll default on their loans. + +&#x200B; + +>The result? They simply cannot pay for the programs anymore and those programs stop. + +Subsequent posts contend that annual income tax growth is linear, whereas interest payments on (government) loans are increasing exponentially because they increase with inflation. This is taken to mean that eventually interest payments will eventually outpace tax income, resulting in the collapse of government social programs, chaos, etc. etc. + +My questions - as a relatively economically-illiterate layperson - are as follows: + +1. Is there any truth to any of this? +2. If so, what - if anything - can be done to ameliorate this situation? +I feel like there's something really obvious I'm missing here, so please go easy in the event that I am. + +When a forex trader makes money from a trade, that money doesn't come from anywhere. It comes from the fluctuation of another price. I understand that when a currency rises against another currency, the rising currency isn't having inflation - the opposite, really - and inflation is not caused in it. But when currency is converted from that rising currency, it is not proportional to the inflation of the currency that has fallen. It's pretty much just creating more money. So why doesn't it cause inflation? It's a little hard to look up, because "forex" and "inflation" are two keywords that often go together. + +Thanks so much for your answers! +I'm interested into learning more about economics, but I've known about the existence of various schools of thought in the science and I'm having trouble with understanding what theories are associated with them. I know about the Austrian school (because I regrettably used to be a radical libertarian), and Marxian economics is easy to know where to learn about because Das Kapital exists. But then we get down the rabbit hole with various schools like Keyensian, New Keynesian, Post-Keynesian, Monetarist, Neo-classical, New Classical, and so on. It's really confusing to me. Can someone more knowledgeable than me on economics explain these schools to me and/or point to sources that can help teach me about it? +I know that printing money will cause inflation and it will make the currency less valuable but here's the thing: + +If people have more money, they will buy more stuff, causing higher demands for the stuff. + +Higher demands means a raise in price. + +But what if everyone knows that inflation will happen and they didn't increase their sales price? + +Does that make the society richer? + +Everyone cooperates to not increase the price of goods even though there is higher demand. +Hi all, + +I'm really sorry for the provocative title, I didn't know how else to phrase the question. + +So I have a question that's been on my mind since high school. I have often found that my classmates who were mildly interested in economics studied the discipline because of its importance in making money and understanding business. I often sensed a feeling of complacency from them about "greed, selfishness", etc. I never really investigated the validity of those feelings I had in a deep way, so I don't want to make it sound like my classmates were greedy or immoral. I, in general have just associated a study of economics with a bad image of CEOs, right-wing politicians, etc, who seem to have no concern for the well-being of working class people. + +So, I've always been really interested in economics, but this hazy feeling that I have that I don't really understand has always stopped me. I'd like to pick up McConnell Brue's text and read through it, it seems exciting. I am afraid though it will reveal some inconvenient truths about human nature. + +Do you think this bias is a completely wrong interpretation of economics - that the consequences of possessing "economics-mindedness" lends one to be more selfish, or, do you think that it is true, but that I have to get over it, or address my own biases about ethics, and maybe come to understand the validity of many conservative positions? Or, do you think that a critical study of economics will actually lead to greater efficiency and practicality in understanding and solving large political problems, and that a belief in social welfare will actually be strengthened by studying economics? + +Thanks! +If there Earth were much bigger (say, two or three times bigger), enough to support more people, and if there were many more people (say two or three times more people), would everyone be richer? + +I was thinking that in such a world there would be more people buying goods and services. So for example, a manufacturer of phones would have two or three times more demand for their phones. Therefore, they would sell many more phones and make much more money. The same would be true for other people. Is this right? + +Relatedly, does this mean if we terraformed and colonized other planets, the economy would expand and everyone would become richer? + +Thanks for the discussion - I am a layperson just curious about economics. +I'm vaguely aware that "back in the day", ie the 60's, 50's, 40's, the tax on wealthy was some very high value, somewhere between 75 and 90%. Perhaps I've got the particulars wrong there, but definitely was very high. Obviously there are policy reasons why this has changed since then. However, a lot of people will say "capital flight" is one reason raising tax on wealthy "won't work". (edit: I mean to indicate that it seems economists advocating for not-very-high-tax-on-wealthy argue there are structural reasons why the tax shouldn't be that high) + +I'm wondering what, in particular, is different about the world now versus then that makes it allegedly not tenable now? + +Also, I have seen "closing tax loop holes" as an alternative to tax hikes, but isn't that effectively the same thing? If there was a loop hole that a rich person exploited to avoid paying taxes, and now it's closed, won't their effective tax rate go up (even if it officially didn't go up), and thus, according to this logic, encourage capital flight? And if it is systemic enough of an issue such that closing loop holes is a viable alternative to tax hikes, wouldn't capital flight still be a concern? + +If it sounds like I'm strawman-ing, I'm not trying to. I just don't really "get it". +With all the inflation talk I keep getting into arguments with other redditors where I believe that Fiscal Policy is less of an influence on inflation than Monetary Policy. Specifically interest rates seem to be a larger influence on inflation than 'print money'. To prove my point I try to challenge people to show their preferred monetary index versus their preferred inflation index. So far only oone person was able to produce data that looked like it might be relevant. But that got me looking into it and I ran into Friedman's Quantity Theory Of Money. But most sources say that economist mostly don't agree with Monetarism. + +My question is generally do economist utilize the QTM, and is there any datasets that actually show it working over long terms. I really thought it was going to be easy to compare M0 or M2 versus CPI, but nothing ever seems to show a useful relationship. The other source claimed M2++ works almost perfectly, but I couldn't figure out how it works and it looked too clean (and they didn't post the data). To me interest rates seem much more correlative to inflation. +As well as hourly salary? I feel like arbitrarily setting the minimum wage - either at a high or low value isn’t a great way to analytically determine the amount needed “to live���. + + +Has any academic attempted an analytical calculation for the minimum salary necessary to live and support a family of n dependents? Curious as to what variables would go into such a calculation (inflation, interest rates, average rent in the surrounding area/in the country etc) + +I was reading about the Glass-Steagall act and how Clinton agreed with its removal and I can't wrap my head around its affects before and after Clinton allowed its repeal. +Edit - After reading initial responses, if it's okay, I'd like to add an extra question to the my post : what is the "goal" of economics, or modern academic economics anyway? + +Hi, I'm a new user it askeconomics and thought it'd be a good place to answer a question I've had for a while. I understand that generally and for the most part academic economists wish their work to be essentially a scientific study of human behaviour and choice and the distribution of scarce resources. + +However there is also the more ideological aspect to economics. Socialists/anarchists/communists wish for workers to own and control the means of production to eliminate the problems they see with capitalism, ancaps wish for capitalism to be unbridled with government meddling to improve personal freedoms and liberties, both from the perspective of the respective groups I'll add. + +Particularly with the far left they (or I guess I should say I) identify problems with capitalism (I won't go into that because it's not the question at hand) and then formulate different economic models and systems to combat them. This would be the height of normative statements to completely change the economic system. + +Academic economics on the other hand I think seem to work within capitalism and make relatively small normative statements. + +My question would be how much of a role do these normative statements have in modern, mainstream economics, and why does mainstream economics not seem to deal with (question, analyse etc) alternative systems? +The economic argument for deregulation seems to rest on the assumption that if a company has to spend x amount of money to comply with a regulation, the economic impact on those receiving that money is less significant than the economic impact on those having to spend that money. Is this actually true, or is it just widely-believed propaganda? + +Edit: I’m mostly thinking of environmental protection regulations. +I was listening to a podcast today called, "Beginner's Guide to Neo-Liberalism" and they discussed the (very general) beginning to Neo-Liberalism. + +They seemed to indicate that Keynes was a proponent of more government involvement in the economy than Hayek. (I'm being very general here...) + +They also seemed to indicate that Reagan and Thatcher brought about an age of Hayek and more of Hayek's philosophies rather than Keynes. + +My understanding was that the time period (with Friedman) was more about Keynes and the effects that we see today are more a result of Keynes economic philosophies. + +Am I wrong? +I ask because I know during the Great Depression the AAA was designed to reduce the supply of food and increase the price. Maybe that isn't helpful now, but did it work then? And are there any scenarios where food waste would be a good thing? +I have no knowledge of economics and want to have a thorough understanding of topics such as: +Supply and demand +What causes currencies to fall/rise in value +Topics like inflation, Exchange rates etc +How the housing market, value of utilities go up/drop + +(Not just these things specifically but Economics in general) + +If I wanted an introduction to astronomy or just space in general as a complete beginner I'd start with a brief history of time by Stephen Hawking, for a book on evolution I'd read the selfish gene by Richard Dawkins. Now similarly, is there a book for economics which can help a total noob like me get a working knowledge of how the economy works, without dumbing things down too much? +I get that there is a lot of controversy with minimum wages, and a some economists (28% if I remember the poll cited in the faq correctly) believe that they are already causing unemployment. But surely there must be some level of minimum wage at which everyone can agree that there are unemployment effects, a $100 per hour minimum wage will obvioulsly cause mass unemployment. + +The answer may be that it depends regionally, mississippi will probably have a lower threshold than new york for example. +If the recorded money supply doesn't change and government bonds stay intact, chances are it wouldn't have a big impact on the economy (?), at least not on inflation the only issue would be the process of printing money or maybe inserting cash into machines, deposits and all plus probably tax evasion but if the government is out of it, in short term it would be like everyone just finding a million bucks on the street. +I am aware it will have huge repercussions on supply and demand, if you get free money it's basically the death of production and productivity but I am only interested in knowing about inflation here. Thank you +I'm not saying we should all start hoarding gold under our mattresses but the media acts like economic growth, or lack-thereof, is entirely due to politics when it seems that it's more due to macroeconomics. I'm just very confused right now because everyone arround me is dumping cash into the market and I'm trying to be cautious because I think there is going to be another recession in the next few years. Am I misunderstanding the business cycle? We came back from the last crash slowly but it's been almost 11 years since then. +I'm not saying we should all start hoarding gold under our mattresses but the media acts like economic growth, or lack-thereof, is entirely due to politics when it seems that it's more due to macroeconomics. I'm just very confused right now because everyone arround me is dumping cash into the market and I'm trying to be cautious because I think there is going to be another recession in the next few years. Am I misunderstanding the business cycle? We came back from the last crash slowly but it's been almost 11 years since then. +In the span of the last decade it has been probably the only first-world country the boasted continuus economical growth. Germany, France, UK and Japan had to deal with frequent periodical recessions. Why is that? + +Is the financial crisis still present in other countries? +I asked this question once in Socialism v Capitalism sub and it turned out to be a huge fight. It was a never-ending loop of arguments. So I hope here, where people KNOW Economics, as in mainstream academic Economics, can help me understand exactly what is wrong with Marxist school of Economics and why is it called 'heterodox' in Wikipedia. Why is it not accepted in mainstream Economics? +Today I bring you my latest DD on: + +Plus Therapeutics Inc.NASDAQ: $PSTV + +Before I go too in-depth on the company, which based on their corporate profile have potential to go up a ton in the long term (I discuss this later on in the post), I want to show you what some analysts are saying. + +&#x200B; + +https://preview.redd.it/zmllgmzxiog61.png?width=2561&format=png&auto=webp&s=26a9e44fb9844602dd9a8f06bdc60fad676b3c46 + +Price target of $7.00 + +Two analysts give it an average $7.00 price target representing a 130.26% upside, which doesn’t sound as AMAZING as a 2,000% increase, but here’s the kicker. + +***One of the analysts who rated $PSTV is the #4 analyst worldwide with a 74% win percentage, and has a five-star analyst rating.*** + +&#x200B; + +https://preview.redd.it/86eoqmeziog61.png?width=1878&format=png&auto=webp&s=ba507c01e8dfa594ec8d9ce19f2e32117636aa63 + +Analyst Jason McCarthy, ranked #4 of 7,291 analysts + +If you guys want me to do a technical analysis of the chart please let me know in the comments; that being said, I’m seeing a lot of bullish patterns. + +**Plus Therapeutics: The SparkNotes** + +$PSTV is a NASDAQ-traded, clinical-stage pharmaceutical company based in Austin, Texas. + +Their mission is to become the world’s leader in developing better and safer nanoscale oncology drugs to improve survival and quality of life for both pediatric and adult patients. + +They have 3 clinical-stage oncology drugs in development. + +Their lead drug is a novel radio-liposome called RNL™ that is currently in clinical development for recurrent brain cancer and currently funded by the National Cancer Institute. + +Their pre-clinical pipeline includes drugs for other cancers such as leptomeningeal carcinomatosis, peritoneal carcinomatosis, head and neck cancer, and others. + +Their drug development capability is unique and based on our technology and expertise in nanoscale drug design, manufacturing, and our capabilities in radiotherapeutic and chemotherapeutic delivery. + +Their drug development model seeks to be highly capital efficient through a virtual development model, low overhead, and leverage of non-dilutive capital whenever feasible. + +**So, who’s on their team / board? Well, if you have a look, you can see it’s pretty solid.** + +&#x200B; + +https://preview.redd.it/rnwxolf0jog61.png?width=2268&format=png&auto=webp&s=9892cbf9c9cb513a04343fb33e5a0f88aa8fffcd + +CEO has prev. experience with Cytori & StemSource + +&#x200B; + +https://preview.redd.it/btk4ofh1jog61.png?width=2213&format=png&auto=webp&s=d270e458c2bb94243a8a319115d7d4a4508f4541 + +CFO was Partner at Mazars (Billion Dollar Accounting Group) + +&#x200B; + +https://preview.redd.it/nrbu91e2jog61.png?width=2242&format=png&auto=webp&s=2a445bd5040c22a3a371dcb9f53b7ec109111326 + +VP w/ 24 years of exp. + +&#x200B; + +https://preview.redd.it/4eusddc3jog61.png?width=2259&format=png&auto=webp&s=0a5be48c38a75ef51659ddc2ac15ddf701941572 + +Richard J. Hawkins is on their board of directors. + +**Now, let’s talk about their staple product.** + +It’s called RNL™ and it’s a novel liposomal radiotherapeutic; lead indication is recurrent glioblastoma (rGBM). With an additional preclinical development ongoing in head and neck cancer, peritoneal carcinomatosis, leptomeningeal carcinomatosis, and others. + +&#x200B; + +https://preview.redd.it/8xk8kod4jog61.png?width=980&format=png&auto=webp&s=8bae34b6f090e83224076649f17d4b71ade7ae75 + +Rhenium-labeled nanoliposomes (RNL) intracranially administered by convection-enhanced delivery (CED) using cannulas specifically designed for use in the brain. + +But here’s the kicker: the expected market for such a product? *I’ll let you read it straight from their value proposition:* + +&#x200B; + +https://preview.redd.it/twnur6g5jog61.png?width=356&format=png&auto=webp&s=a483fc8a213796751577790515b9fc3bece88d4c + +$500M+ Serviceable Obtainable Market + +The companies current market cap is under 20M, so if they capture their serviceable obtainable market, the stock could jump well over 2,000%. + +Now, this stock will be a very long term play if you’re looking for a 2,000% gain. However, even in the short term, this thing will likely pop based on news as they inch closer to FDA approval on their flagship product. + +To add some icing on the cake, they have two other cancer-fighting products in their pipeline that will surely boost the stock along the way. + +**FULL DISCLOSURE: I DO HOLD A POSITION IN $PSTV - I AM ONLY POSTING DD ON IT FOR YOU ALL TO SEE THE POTENTIAL UPSIDE IN THESE STOCKS - THIS IS NOT A "PUMP AND DUMP" - THIS IS NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN DUE DILIGENCE BEFORE PURCHASING ANY STOCKS - I HAVE NO AFFILIATION WITH ANY OF THE COMPANIES I POST ABOUT** +it’s like I’ve had a break through with my strategy, I am feeling so confident in myself and finally am ready to invest into a big account, did anyone else have the same experience lol ? it feels like I can mint huge and capitalise on the markets. The journey was emotionally and psychologically so draining but this sudden breakthrough with my trade plan makes me feel invincible, has any trader gone through the same thoughts? +So while I don’t have as much as some people here, I’m still doing pretty well for myself. However not many people in real life know this. + +I was recently laid off, no big deal. I saw this coming and look forward to my unpaid, impromptu sabbatical. I’m planning to the take the time to do some travel that I’ve want to do, but haven’t had the time to. + +Well today at Thanksgiving dinner this came out. Most people where like OMG, that sucks. People of course had advice, and my uncle was telling me that I should rent out a couple of rooms to help pay the mortgage. I don’t want people to know my financial status, but I’ve tried telling them I am fine. + +My parents were kind of upset that I didn’t tell them sooner, but the reason I didn’t is becuase I didn’t want them to worry. + +Anyway I thought folks here could relate. +Yes, I saw "The Street" post about this; no, "The Street" doesn't link to the SDNY court filings - an 85-page PDF - like this Law360 article does. Enjoy! + +--- + +# Biotech Co. Accuses Citadel Securities, Others Of Spoofing + +[_Note: I didn't include the author's name so that the person doesn't get annoying Tweets or other messages from dingleberries, but you can see it on the Law360 site_] + +Law360 (December 1, 2022, 8:31 PM EST) -- [Northwest Biotherapeutics Inc.](https://www.law360.com/companies/northwest-biotherapeutics-inc) on Thursday sued several broker-dealers including [Citadel Securities LLC](https://www.law360.com/companies/citadel-securities-llc) and [Canaccord Genuity LLC](https://www.law360.com/companies/canaccord-genuity-group-inc) in New York federal court for allegedly carrying out a spoofing scheme that repeatedly drove the biotechnology company's share price down despite promising developments with a cancer drug. + +Northwest [alleges _Note: clicking this link will go to PDF file hosted on Law360's site](https://assets.law360news.com/1554000/1554064/https-ecf-nysd-uscourts-gov-doc1-127132420908.pdf) the brokerages interfered with the natural forces of supply and demand to drive the share price down, violating federal securities laws and constituting fraud under New York state common law. The suit names several other defendants, including [Susquehanna International Group LLP](https://www.law360.com/companies/sig-susquehanna) and its unit G1 Execution Services LLC, Instinet LLC, Lime Trading Corp., GTS Securities LLC and Virtu Americas LLC. + +The biotech company says the brokers' market manipulation has impaired its ability to raise funds from public markets and could affect its ability to get "life-saving" cancer treatments quickly to market. + +"Defendants' illegal market manipulation, done solely for the purpose of reaping substantial, illegal ill-gotten gains, could deprive cancer patients of this important chance for additional years of life," Northwest said. + +Northwest alleges that from December 2017 to August 2022, the broker-dealers engaged in repeated spoofing, or manipulating markets with a form of "high-speed bluffing" by deceiving unsuspecting traders into transacting at artificially high or low prices. + +The company said it recently completed a phase 3 clinical trial of its lead drug, DCVax-L, for brain cancer patients, with positive results that more than doubled the percentage of glioblastoma multiforme patients who live more than five years. + +But despite encouraging news about the results reported in a peer-reviewed cancer journal and presented at a medical conference, the company's share price has dropped because of the defendants' alleged spoofing on OTC Link LLC and NYSE ARCA Global OTC, according to the suit. + +Citadel Securities called the lawsuit frivolous and vowed to fight back. + +In a statement to Law360, a spokesperson for the brokerage firm said the lawsuit is "nothing more than an attempt by Northwestern Biotherapeutics to divert attention away from its long history of governance and management failures, SEC charges for financial reporting lapses, and lawsuits from its own shareholders." + +The U.S. Securities and Exchange Commission filed a settled action with Northwest in October 2019 for allegedly failing to maintain internal control over financial reporting for 12 consecutive annual reporting periods, according to an agency release. The company agreed to pay a $250,000 penalty and settled without admitting wrongdoing, the SEC said. + +Separately, Northwest is facing a proposed [stockholder class action](https://www.law360.com/pulse/articles/1500446) in a Delaware state court alleging the company's officers received excessive compensation. + +"We intend to pursue any and all legal action against Northwest Biotherapeutics for making these false and baseless allegations, which only undermine the integrity of our capital markets," the Citadel spokesperson said. + +Representatives of the other defendants either weren't available to comment Thursday or didn't immediately respond to requests for comment. + +In the purported spoofing scheme, the broker-dealers flooded the markets with large quantities of "baiting orders" to sell that weren't intended to be executed, but aimed to deceive market participants into believing Northwest's share price was moving downward, according to Thursday's lawsuit. The broker-dealers then allegedly placed executing purchases to buy Northwest shares at the lower stock prices and canceled and removed all their baiting orders to sell. + +Northwest says the defendants repeated that pattern "multiple times a day and continuously throughout the relevant period." The broker-dealers placed tens of millions of baiting orders and executed millions of orders at manipulated prices, Northwest alleges. + +Northwest says that in one "particularly egregious" example, the company's share price fell from a high of $1.73 to a low of $0.3862 on the same day the market learned the company's key drug had "met both its primary and secondary endpoints in its GBM clinical trial with statistical significance, displayed an excellent safety profile, and showed meaningful increases in the long-term tails of the survival curves for both newly diagnosed GBM and recurrent GBM patients." + +"This staggering decline of 78% in the price on a day with extremely positive news about the company was caused by defendants' relentless and brazen manipulation of the market for NWBO shares," Northwest alleged. + +The company also says the broker-dealers intentionally hid their spoofing scheme and acted with scienter, or fraudulent intent. + +Laura H. Posner of [Cohen Milstein Sellers & Toll PLLC](https://www.law360.com/firms/cohen-milstein), counsel for Northwest, said in a statement that she looks forward to holding the market makers responsible for the harm they caused and "bringing critical and necessary transparency to these markets." + +​​"It's already underhanded to engage in market manipulation, but to do so at the expense of cancer patients, some of whom have no other treatments to place their hopes on, is unconscionable,'' Posner said. + +Northwest Biotherapeutics is represented by Laura H. Posner, Michael B. Eisenkraft and Jessica (Ji Eun) Kim of Cohen Milstein Sellers & Toll PLLC. + +Counsel information for the defendants wasn't immediately available Thursday. + +The case is Northwest Biotherapeutics Inc. v. Canaccord Genuity LLC et al., case number 1:22-cv-10185, in the U.S. District Court for the Southern District of New York. + +--Additional reporting by Rose Krebs. Editing by Linda Voorhis. + +Read more at: https://www.law360.com/articles/1554064/biotech-co-accuses-citadel-securities-others-of-spoofing +Hello, + +I am currently working full time while in grad school. I have had my parents credit card in my wallet for emergencies or for medical bills but they have decided to take back their card and instead give me a one time gift of 5k to make myself fully financially independent. I am comfortable with managing the little money I have but I have never had this much to move around. I will outline my budget below. + +Income is $2,124 monthly and my rent is $1,050 including utilities and wifi. My therapy, health, and car insurance adds to about $178. I also budget $60 for gas and $110 for groceries. I keep $500 in my savings for emergencies only. I have a car payment of $340 per month but I try to pay $400 when I can. I owe $13,300 left on my car and my interest rate is 4.4% so I am not confident refinancing would benefit me any. All of these added together and I am left with $276 that I use for 'fun' money which is about $64 per week. + +I want my budget to be more flexible so that I can buy better/more groceries and have a better quality of life. I love my job and I am not interested in changing unless something amazing comes up and I cannot look for a roommate until my lease is up in October 2023. I feel like I am slowly chipping away at my money until I have nothing left so I need to make this 5k last as much as possible in hopes that my situation changes. + +How should I divide up the $5,000? +I was reviewing our budget for the past few months and noticed our grocery and food costs have been creeping up quite a bit. This is around $850/month on groceries and $350/month on restaurants for myself and my wife. We shop at a local farmers market for produce/meat and at kroger for everything else. I have noticed the prices on things that we normally buy has in some cases nearly doubled over the past few months. For example, ground beef used to be $3/lb but it's now nearly $6/lb. Raw chicken wings used to be $2.80/lb but now they're nearly $4.5/lb. Has anyone else experienced this, and is our spending on food/groceries normal? + +edit: I'm getting a lot of the same questions so I'll try to address them: + +The $850 grocery bill includes household products bought at the grocery store as well, so it's not just food items. This includes things like paper products, cleaning supplies, etc. We also don't really drink alcohol. + +Typical 5 day dinner: + +- Some type of fresh fish (usually wild caught salmon or other healthy fish) + side of carb (rice or potatoes) + veggies + +- Chicken breast (we buy 4-5 of these at a time and freeze) + some carb (rice or pasta or potatoes) + veggies + +- Beef tacos (usually with ground sirloin) + veggies + rice + beans + cheese or hamburgers (with ground chuck) + +- Some pork dish (usually ground pork or pork tenderloin) + some carb like those above + veggies + +- Chicken wings + fries + veggies + +For breakfast we usually eat yogurt + fresh berries (strawberries, blackberries and blueberries) or unsweet almond milk + healthy cereal. For lunch, we usually eat some variation of egg + bread + cheese + fruit/veggie or canned lentil soup if we're lazy +According to a report on Bloomberg, Morgan Stanley's Chief Strategist see's potential for S&P to rally to 4,150 from here. +[https://www.bloomberg.com/news/articles/2022-10-17/morgan-stanley-s-wilson-says-us-stocks-can-rally-in-short-term](https://www.bloomberg.com/news/articles/2022-10-17/morgan-stanley-s-wilson-says-us-stocks-can-rally-in-short-term) + +'Morgan Stanley’s long-time equities bear says US stocks are ripe for a short-term rally in the absence of an earnings capitulation or an official recession. + +A 25% slump in the S&P 500 this year has left it testing a “serious floor of support” at its 200-week moving average, which could lead to a technical recovery, strategist Michael J. Wilson wrote in a note on Monday. + +Wilson -- one of Wall Street’s most prominent bearish voices, who correctly predicted this year’s slump -- said he “would not rule out” the S&P 500 rising to about 4,150 points -- suggesting 16% upside from its latest close.' +Hey boys, I just needed to vent or get some advice or both. I’m starting to think trading might not be right for me. I started out on some good swing/scalp plays and got my account up 40% in a few weeks. Recently though I’ve been unable to make any gains and I just don’t get it. I’m trying not to chase, read charts carefully, and set stop losses but it seems my stop losses always get triggered and I lose money, then immediately the stock shoots back up. It just feels bad. I feel like I keep getting kicked when I’m down and I’m just watching my account slowly drain out and it sucks. Thanks to whoever listened, luv you guys +Quick background on our situation: We're both 32, worth ~$6.5-7m. I'm in tech, my fiance is in finance. I was an exec at a tech company that recently IPO'd, and I've since stepped away. My fiance makes ~$300k / yr, loves her job, and no plans to stop working anytime soon. No kids yet, but the plan is to have 2. We're in a MCOL city. + +Both my fiance and I grew up very middle class, so I don't feel like our taste is out of control, but we certainly like to travel, eat out, etc. If we could continue to go to a restaurant and not be concerned with prices, or travel to a place we saw a picture of once without budgeting for a month, I think we'd be happy. + +My question is, how do you know if FIRE is right for you? I've been "unemployed" for a few months now, and I have absolutely no desire to go back to work yet. I know $7m isn't quite enough to "live the good life" forever, but it feels like I can coast for a while. + +What do you tell people when they ask what you do for a living? Are you concerned if you do step away for a while, its hard to find a job that pays what you're used to? What do you do all day if no one your age is "retired / unemployed / just not working", esp. your spouse? + +Really appreciate any thoughts or experiences. +First post to fatFIRE- +I live in USA and want to buy a 2nd home(not to rent) in UK or Italy. Seems like a lot of taxes and fees to purchase as well as annual taxes. Anyone have experience with this? Does a trust or other entity shelter any of this? Anyone have a uk or Italian contact to get more information? Thanks for the guidance or info. +Lately I’ve been busy with work and my part time studying and I’ve been feeling really exhausted. I’m new to trading and still trying to juggle my commitments. Do you guys feel like some days you need a break from trading? I feel like when I’m not in a good state of mind, I make bad plays and the FOMO mindset hits harder which made me lose 20% of my acc. I’ve been considering to sit out on some days when I have to but is it something I should do? Or is it a sign that my trading psychology or method is not good enough? +One user on the Motley Fool forums wrote an [interesting analysis](http://boards.fool.com/waiting-for-a-downturn-to-invest-after-a-new-hi-32871193.aspx) on what your chances are when waiting for a market drop. The analysis presents a couple of interesting results, but what really strikes me is the following find: + +**The chance that the market drops more than 10% within 6 months after an all-time high is 10.1%.** + +**vs.** + +**The chance that the market gains more than 10% within 6 months after an all time high is 23.1%.** + +This is based on historical S&P 500 data since 1950. + +This means that when the S&P 500 reaches an all-time high you've got far better chances for gains by buying more rather than selling or shorting! +I have my first mortgage payment coming up at the beginning of July and my dad gave me a $500 house warming gift. He strongly suggested for me to add that $500 onto my first mortgage payment saying it would cut 2 years off my mortgage. The mortgage is approximately $196,000 and my payment is around $1,040 per month. I was planning on rounding up to $1,100 per month. + + + + +I could just add the $500 but I could comfortably pay up to $10,000 more if it was helpful. I max out my IRA contributions every year and contribute to my 401k through work. I could add more money to my brokerage account and put it into the market as well. + + +Any thoughts on what would be the best use of my funds. If you need more information let me know! Thanks +Article: + +https://retail-insider.com/retail-insider/2021/04/disney-to-close-all-stores-in-canada-amid-retail-strategy-shift-sources/ + +Note this isn't confirmed yet, but retail insider is reputable and almost always correct. + +If true, this is a stupid move for Disney imo. There's no way in Canada to realistically order from their online store -- it requires payment in USD and there's a massive customs markup fee. + +Their mall locations in and around Toronto have always been extremely popular and busy, often with lineups. + +Not sure what management is thinking here. Closing some would make sense, but all doesn't. +Hi all, + +Its Halloween and theres blood everywhere! I thankfully pulled back my 401k allocations at the start of the Ukraine conflict from about 75% stocks/15% bonds to about 40stocks/50bonds. Its still down 20% (along with everybody else) but is this the right time to step on the gas again with the market down here and reallocate? + +Im 46 yrs old with 150-200k income and about 500k invested in my retirement plan. Its the first time in over a decade ive made any adjustments. Im a set it and forget guy but i dont mind still being aggressive at my age. How involved are you in your allocations and do you change them often? Appreciate all feedback and TIA +Went to the one big shopping centre in town. 2 food stalls were empty - probably due to increase in rent. My question is - how do shopping centres make money if they increase rents, businesses close and are left empty for an extended period. +Bloomberg is running a number of articles under their 'Australia's Lost Decade' series. The articles provide a scathing assessment of Australia's politics and economy. They paint a picture of stagnation and foreshadow a looming fiscal disaster: + +[26 Recession-Free Years Hide a Darker Picture for Australia](https://www.bloomberg.com/news/articles/2017-10-02/miracle-economy-turns-mediocre-as-policy-drift-drags-australia) + + + +[In the World’s Most Livable Cities, Hardly Anyone Can Afford a Home](https://www.bloomberg.com/news/articles/2017-10-04/in-the-world-s-most-liveable-cities-few-can-afford-to-buy-a-home) + + + +[Australia Has Slower Internet Than Kenya, Russia and Hungary](https://www.bloomberg.com/news/articles/2017-10-03/digital-doom-threatens-australia-where-internet-speeds-lag-kenya) + + + +[Why Energy-Rich Australia Suffers the World’s Priciest Power](https://www.bloomberg.com/news/articles/2017-10-05/how-energy-rich-australia-ended-up-with-world-s-priciest-power) + + + +[Australia's Luck Has Run Out](https://www.bloomberg.com/view/articles/2017-10-03/australia-s-economic-luck-is-running-out) + + + +[How Pension Funds Are Nickel and Diming Australia](https://www.bloomberg.com/gadfly/articles/2017-10-05/how-pension-funds-are-nickel-and-diming-australia) + + + +[Only One Major Asian Stock Market Has Shrunk This Decade](https://www.bloomberg.com/news/articles/2017-10-04/world-markets-leave-australia-behind-in-land-of-shrinking-equity) + + +Apologies for the title gore - couldn't think how else to phrase it... I'm looking for new ideas on how to teach junior analysts (grads and interns etc). In return I'll share a couple that I have found to be effective in the comments below. +Tongue in cheek title... + +But seriously pay into your workplace pension; don't think about opting out of it apart from exceptional circumstances. + +(More info about why, when, where, and how much to contribute can be found in the wiki and plenty other posts around here. That's not what this post is about.) + +To illustrate the benefit of contributing to a workplace pension, I would like to use myself as an example. + +So I just did a cleanup of my finances and did some calculations... + +Over my short working life, I have paid in a total of £8424.90 into pension myself (salary sacrifice). + +With employer contribution (only 2% - 5%) plus stock market returns (up and down...) , it is now sitting at £14717.88. + +**That's a ~75% return on investment so far**, before you even take into account the fact that my contributions are before taxes, but let's not complicate it. (The reality is actually a much higher percentage due to tax efficiency (20/40%), employer NI, savings to employee NI and student loan.) + +I'm sure many here have way higher %, but this is just my example ;) + +I've always known it was a good deal, even with my pitiful employer matching, but never expected those % numbers. +Moving to Malta, having regulational clarity and cooperation, a centralized and decentralized exchange, fiat pairs, vastly better service, and a massive selection of coins make me believe Binance is going to take over. Coinbase said 20% of their employees are compliance related as well, which Binance won’t have to commit nearly as much resources to. I think if Binance can make a more noob friendly app and website somehow I think they will beat coinbase in every category. + +TLDR: Coinbase needs to make massive changes, fast. Erc20 tokens are a good start +Reddit was down for some time about 30 minutes ago and the post with the stock guy talking about naked shorting GME was altered from something like 27k upvotes down to 8k votes. They are letting this sub stay on Reddit because they benefit from learning from us, but when we expose too much, they freak out and shut it down. They will more than likely shut down Reddit as a whole when GME is about to moon as well. Stay vigilant and delete your account before Reddit IPOs/during MOASS. +Guten Tag to this global band of Apes! 👋🦍 + +I love seeing all of the hype around our DRS momentum. +There has been an incredible amount of FUD recently, focused on dividing our community and breaking individual investors off from this movement. +We may invest individually, but the collective movement to DRS our shares, track the progress, and educate the world about the benefits is far stronger than any of us alone. +The strength of our Diamantenhände is amplified by this movement, and I cannot imagine having reached this point without it. + +The SHFs support each other because they know that even one of them failing a margin call would lead to them all being toppled. +Their loyalty extends only as far as it is expedient to their own survival. +When the house of cards starts to fall, they will quickly abandon each other in an attempt to survive. +Apes, on the other hand, have every reason to support each other through the MOASS. + +Our Diamantenhände are strongest together. + +Today is Friday, November 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$24.38 / 24,49 €** *(volume: 5218)* +- 🟩 115 minutes in: $24.38 / 24,49 € *(volume: 5093)* +- 🟥 110 minutes in: $24.34 / 24,46 € *(volume: 5093)* +- 🟩 105 minutes in: $24.39 / 24,50 € *(volume: 5093)* +- 🟩 100 minutes in: $24.39 / 24,50 € *(volume: 5037)* +- 🟩 95 minutes in: $24.39 / 24,50 € *(volume: 5027)* +- 🟩 90 minutes in: $24.33 / 24,44 € *(volume: 4982)* +- 🟥 85 minutes in: $24.33 / 24,44 € *(volume: 4876)* +- 🟩 80 minutes in: $24.34 / 24,45 € *(volume: 4831)* +- 🟥 75 minutes in: $24.31 / 24,42 € *(volume: 4727)* +- 🟩 70 minutes in: $24.61 / 24,73 € *(volume: 4727)* +- 🟥 65 minutes in: $24.46 / 24,58 € *(volume: 3869)* +- 🟩 60 minutes in: $24.61 / 24,73 € *(volume: 3869)* +- 🟥 55 minutes in: $24.61 / 24,73 € *(volume: 3860)* +- 🟩 50 minutes in: $24.62 / 24,73 € *(volume: 3669)* +- 🟥 45 minutes in: $24.61 / 24,72 € *(volume: 3559)* +- 🟩 40 minutes in: $24.62 / 24,74 € *(volume: 3439)* +- 🟥 35 minutes in: $24.60 / 24,72 € *(volume: 3419)* +- ⬜ 30 minutes in: $24.61 / 24,72 € *(volume: 3405)* +- ⬜ 25 minutes in: $24.61 / 24,72 € *(volume: 3227)* +- 🟥 20 minutes in: $24.61 / 24,72 € *(volume: 3222)* +- 🟥 15 minutes in: $24.61 / 24,73 € *(volume: 2722)* +- 🟩 10 minutes in: $24.63 / 24,74 € *(volume: 2722)* +- 🟩 5 minutes in: $24.61 / 24,73 € *(volume: 2476)* +- 🟥 0 minutes in: $24.47 / 24,58 € *(volume: 140)* +- 🟩 US close price: $24.88 / 24,99 € *($24.87 / 24,98 € 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 0.9954. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag (¡y hola!) to this global band of Apes! 👋🦍 + +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! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$120.56 / 114,21 €** *(volume: 299)* +- 🟩 115 minutes in: $120.57 / 114,22 € *(volume: 299)* +- 🟥 110 minutes in: $120.54 / 114,19 € *(volume: 298)* +- 🟩 105 minutes in: $120.59 / 114,23 € *(volume: 298)* +- 🟥 100 minutes in: $120.58 / 114,23 € *(volume: 288)* +- 🟥 95 minutes in: $120.62 / 114,27 € *(volume: 283)* +- 🟥 90 minutes in: $120.67 / 114,31 € *(volume: 283)* +- 🟩 85 minutes in: $120.70 / 114,34 € *(volume: 280)* +- 🟥 80 minutes in: $120.33 / 114,00 € *(volume: 277)* +- 🟥 75 minutes in: $120.47 / 114,12 € *(volume: 157)* +- 🟩 70 minutes in: $120.79 / 114,43 € *(volume: 137)* +- 🟥 65 minutes in: $120.73 / 114,37 € *(volume: 107)* +- 🟩 60 minutes in: $120.82 / 114,46 € *(volume: 97)* +- 🟥 55 minutes in: $120.81 / 114,45 € *(volume: 95)* +- 🟩 50 minutes in: $120.82 / 114,46 € *(volume: 77)* +- 🟩 45 minutes in: $120.76 / 114,40 € *(volume: 77)* +- 🟩 40 minutes in: $120.74 / 114,38 € *(volume: 76)* +- 🟩 35 minutes in: $120.72 / 114,36 € *(volume: 69)* +- 🟥 30 minutes in: $120.70 / 114,34 € *(volume: 43)* +- 🟥 25 minutes in: $120.76 / 114,40 € *(volume: 43)* +- 🟥 20 minutes in: $120.79 / 114,43 € *(volume: 42)* +- 🟩 15 minutes in: $120.82 / 114,45 € *(volume: 36)* +- 🟩 10 minutes in: $120.79 / 114,43 € *(volume: 36)* +- 🟥 5 minutes in: $120.73 / 114,37 € *(volume: 26)* +- 🟩 0 minutes in: $120.75 / 114,39 € *(volume: 26)* +- 🟩 US close price: $120.43 / 114,09 € *($120.00 / 113,68 € 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) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I just turned 23 and decided that I should get a credit card. I applied for the Citi Double Cashback card bc a few of my friends have it and it was highly recommended. I got denied- probably because I have no credit history. Afterwards I checked my credit score and it’s ~680. (I have $55k in student loans, first payment is due at the end of the month). I don’t know what to do next. Is it a bad idea to apply for a different card? If anyone has advice for me I’d be so grateful! :) +Hi, I'm 14 and I have about $1,100 at disposal. I first started saving for items such as legos when I was around 9 or 10, but then after saving up for the product, I'd realize that I want to be able to have money after I buy it as well, so I would save up twice as much money. By then though, I wouldn't want that item so I would just keep saving for other things. Then, starting a couple months ago, I started learning about the stock market. My question is whether or not I should try to get dividend stocks or wait for another crash. Thanks! + +Edit: Thanks for all the information everyone! +I am five months into my first “real job” after graduating from college in May. While the only debt I have is student debt, I find it hard for me to save up as I have been pretty reckless with my spending since starting work. + +I think a large problem is putting everything on my Chase Unlimited and Uber card and dealing with the implications later. I am planning on physically cutting up both my credit cards that way I am seeing my actual balance on my checking go up on down and hoping that will stop my spending habits. + +Are there any implications to doing this, credit-wise for the future? I still have subscriptions linked to my cards (gym, Netflix, Spotify) to keep them somewhat active. + +Thanks! +I've had one on order since march but it keeps getting delayed. With the energy cap rises and the fact they are much more expensive to buy/lease I'm considering cancelling and just getting a regular car for the next 3 yrs. + +Is this the right play? Im in a fortunate position that I could still obtain and run an EV (if it ever turns up) but paying over the odds to charge it seems daft. Off peak energy tariffs aren't a silver bullet if you have reasonable daytime usage (wfh, kids, etc.) +Good Morning Apes, + +None of this is financial advice and the data gathered is from publicly available sources. + +**A Brief Description of ETF Arbitrage** + +&#x200B; + +https://preview.redd.it/kbzt2f2jwuu71.png?width=888&format=png&auto=webp&s=7e53a512846350e0aef408cac823e0749e82be90 + +Let’s use an example using video games to explain ETF arbitrage. + +There’s a kid (a Hedge Fund) outside a video store who wants to rent (short) Dark Souls (a share of GME), but he’s too young to rent it. The young kid (HF) asks an older guy (Authorized Participant, or AP) to be his middle man. The AP is great because he knows an employee in the video store (that employee is the ETF sponsor) who can get the older guy the video game (a share of GME). + +The ETF sponsor gets what’s going on, but unfortunately can only get the AP the video game if the kid pays for a rental fee for a bag of other video games, like No Man’s Land or pre-modded Cyberpunk. In this example, the bag is the ETF, and the rental fee is the collateral. + +Video game employee (ETF sponsor) passes the bag (ETF) of games to -> Old guy (AP) who passes that ETF to -> young kid (Hedge Fund). + +The hedge fund goes home, opens the bag, ignores the other crappy games for Dark Souls, and starts to play (short) it, and actually plays it for too long. The AP (the older guy) tells the kid, “Hey man, you gotta bring Dark Souls back in T+2 days or you Fail to Deliver (FTD).” The young kid tells the AP that he’s not going to bring that game back in 2 days, in fact he’s not going to bring it back at all, and tells the AP the video game should just buy another copy from the (Secondary Market). Meanwhile, the kid continues to play (short) the game (GME share) in the primary market, thus affecting the share price. + +TLDR: A lot of rental stores have to buy copies of Dark Souls in the secondary market (one that doesn’t affect GME price) to maintain equal weighting in their funds. This has and continues to happen. + +Also, if the AP in this example is doing this for a bunch of kids, and can't get the share back, at this point he'll just start shorting it as well in order to reduce their leverage- so they have an incentive to operationally short + +Thanks to u/likejokerdo420 because I suck at writing + +&#x200B; + +[ ](https://preview.redd.it/s7ista4mwuu71.png?width=482&format=png&auto=webp&s=55b393e219e6f56ef395396647b5413dd66f00b2) + +&#x200B; + +https://preview.redd.it/wukbe64nwuu71.png?width=606&format=png&auto=webp&s=810d8146e8a449a85755b8b32320b704961e2eb7 + +&#x200B; + +https://preview.redd.it/cnn68g2owuu71.png?width=610&format=png&auto=webp&s=14f8e3776e6d02d0048f1927b002b0da305d27f2 + +**But What Does It Actually Look Like? Arbitrage Done Wrong** + +&#x200B; + +&#x200B; + +https://preview.redd.it/8xqqg1g87vu71.png?width=716&format=png&auto=webp&s=4b354a546ce644559cd7493eee1c5d0ec60ed372 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +**A Look Back at ETFs that Failed to Deliver** + +So we know that GME went through several rounds of rebalancing from Russell 2000 to Russell 1000 on 6/25 and from S&P 600 to S&P 400 on 8/4. I wanted to take a look back at the various ETF funds that fell out of normal arbitrage where they were creating/redeeming more ETF shares than their standard creation unit size. For small funds this is usually 2,500-5,000 "Creation Units" and 25,000-50,000 for the larger index funds. This is where an AP has to either evenly buy in the secondary market for example 1,000 shares of each stock in their fund. Or they are cap weighted and it's based on market cap so each stock has to be bought at a different level to maintain a market cap weight. So back to January where it all began! There were some obvious funds that got shorted to insane amounts. Below I outline several significant ones. + +**XRT, RETL, SLYV, & IJT. There were many more..** + +&#x200B; + +&#x200B; + +[ ](https://preview.redd.it/b63y17pqwuu71.png?width=1501&format=png&auto=webp&s=f2f2c09ecf0db9638d7ecd0689ff24e43e540b61) + +**Apes March To The Beat of The Drum** + +Again, during the March run up we see the same data appear except this time in different ETF funds. Hedgies needed new ETFs to short in this round and they did find them and some familiar ones too. + +**AVUS, FNDB, IJR, & BUZZ...** + +&#x200B; + +&#x200B; + +https://preview.redd.it/7ziuv23uwuu71.png?width=1299&format=png&auto=webp&s=8502cae8adbe27e4b530625f64e639a533ba9167 + +**June The Gateway To Summer.** + +As GME continues on in these cycles June was pivotal in that after this pop in price action for GME. After the June rise we saw Ryan Cohen do a share offering on 6/22 and we also saw Gamestop rebalance and transition into the Russell 1000 on 6/25. Hedgies would now have to find Russell 1k ETFs and some old ETFs to short in the future which became increasingly more difficult... + +**IWF, ITOT, XRT & VTI...** + +&#x200B; + +https://preview.redd.it/bp6grl9ywuu71.png?width=1418&format=png&auto=webp&s=b28840de21fdb2b16448595de255d38fcbbeef16 + +**Where We Are Now.** + +So currently, since the transition over from the S&P 600 to the S&P 400 we saw a lot of ETF funds that had been previously high amounts of FTDs no longer holding Gamestop. The total amount of GME in ETFs went from 14 million in January to about 8 million now. Of that 8 million Vanguard held over 50%. I have all the numbers for the ETFs containing GME in a Google doc linked below. + +&#x200B; + +[ETF Data](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +We're still seeing ETF FTDs happening and over a broader group which means it's likely more expensive the short hedgies to provide collateral to all these funds. But we see as FTDs are low on GME hedgies have switched to more broad FTDs on a series of funds. I broke them up by biggest holders. Blackrock, Vanguard, State Street and all other ETF funds. + +&#x200B; + +&#x200B; + +https://preview.redd.it/wv8zzef7xuu71.png?width=1393&format=png&auto=webp&s=0e9ad3d2cb5841960ced8012a8fc25a4070f6aeb + +&#x200B; + +https://preview.redd.it/tkqti7i8xuu71.png?width=1281&format=png&auto=webp&s=6c32134e38d6dccfe77096e5584158121a3ffc16 + +&#x200B; + +https://preview.redd.it/vmbmv03axuu71.png?width=1271&format=png&auto=webp&s=c7a6011c2d141c4f465d84ae4ca23561741431b5 + +&#x200B; + +https://preview.redd.it/l26tnw7bxuu71.png?width=1201&format=png&auto=webp&s=cdda28c6e67138df66325e2f7b411688bd3a80e8 + +&#x200B; + +**I know I know...** + +&#x200B; + +&#x200B; + +https://preview.redd.it/cbw5h83dxuu71.png?width=577&format=png&auto=webp&s=125d03c4c80d4abf726ff72b685a09c8a9d65740 + +&#x200B; + +**Options On ETF's** + +So, not all funds but typically the larger ETF funds allow investors to trade options on them. These derivatives saw again significant increases along side the same time period that we saw GME price action. And for those that rebalanced and no longer held GME the options volume vanished with it. + +&#x200B; + +&#x200B; + +[IWM January Open Interest ](https://preview.redd.it/6blx2nlfxuu71.png?width=1432&format=png&auto=webp&s=8d2110a2d72b17b9adce9fa42d30a85a6fa5571d) + +&#x200B; + +[VTWO January Open Interest ](https://preview.redd.it/my6bid6ixuu71.png?width=1432&format=png&auto=webp&s=b127c318f69075c93ac304fe096530e13ae5e85d) + +&#x200B; + +[XRT January\/March Open Interest ](https://preview.redd.it/dn4yioomxuu71.png?width=1426&format=png&auto=webp&s=4b652ad53ec9a20c389e45ab42af934c6bc4fbda) + +&#x200B; + +[IJR February\/March Open Interest ](https://preview.redd.it/6glnckzuxuu71.png?width=1431&format=png&auto=webp&s=8b5b728d8f94f57a0c060ac9baef4a0018a567e2) + +&#x200B; + +https://preview.redd.it/v3ge1du5yuu71.png?width=238&format=png&auto=webp&s=7cb05ab82851c08d3857f5eeb4ca951033149c33 + +&#x200B; + +https://preview.redd.it/8b6r2cw6yuu71.png?width=238&format=png&auto=webp&s=8960b0e03d41910c5531ff975313e8f0f8546909 + +[u/gherkinit](https://www.reddit.com/u/gherkinit/) Also describes in one of his recent streams that ETF quarterly options and Gamestops monthly options expire on 11/23 & 11/24. See his Youtube stream here [Stream](https://www.youtube.com/watch?v=MZMLo4uAqhc) + +&#x200B; + +More FTD data: [Failure to Deliver Numbers](https://public.tableau.com/app/profile/gmeshortsqueeze/viz/SECFails-to-DeliverData/SECFails-to-DeliverData) + +u/Annihilationgod FTD posts on Reddit & Twitter + +Some great articles & Congressional Depositions by The Kauffman Foundation & Blackrock + +(Queen Kong follows Kauffman on Twitter) + +&#x200B; + +Blackrock vs Kauffman Foundation + +[Congressional Testimony](https://www.govinfo.gov/content/pkg/CHRG-112shrg74309/html/CHRG-112shrg74309.htm) + +Financial Times Article on ETF Borrow Rate Increase + +[Borrow Fee Increase Trend](https://www.ft.com/content/7901cbc4-22f3-4ef7-8c91-b80d5ac7b0d9) + +&#x200B; + +ETF God King Richard Evans Paper + +[ETF Short Interest & Failure to Deliver](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf) + +&#x200B; + +Thomas Stratmann ETF Paper + +[ETF's, FTD's and Volatility](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2183251) + +&#x200B; + +**Wut Mean When Moon!?** + +&#x200B; + +&#x200B; + +[ ](https://preview.redd.it/ryda2itezuu71.png?width=400&format=png&auto=webp&s=6d7195bab81ee0d5239d8eeb91d3bd0d5dc3db02) + +**TLDR:** GME has been through a lot since January, there are far less shares of GME in ETF's. Especially ones that are notorious for share lending and therefore shorting. Hedgies have had to short a larger and broader range of funds which is expensive and difficult to manage. ETF Borrow Rates are trending higher see Financial Times article. Many of the ETF's that were used for options conversions no longer hold GME. There's been a significant increase in ETF FTDs as hedgies haven't wanted to borrow GME directly. Instead of failing to deliver on several funds hedgies are spread thinner. Options will expire and the volume will come back into GME. Only now there are less tactics for SHFs to turn to in ETFs, Variance Swaps, and using retail shares since the DRS movement. BULLISH 🚀🚀🚀🚀 + +&#x200B; + +Edit 1: Title is suppose to be ETF Money Tree (I'm an idiot). + +&#x200B; + +Edit 2: Alright so currently it looks like the ETFs with significant options volume/open interest are [XRT](https://twitter.com/search?q=%24XRT&src=cashtag_click), [VO](https://twitter.com/search?q=%24VO&src=cashtag_click), [VTV](https://twitter.com/search?q=%24VTV&src=cashtag_click), [VTI](https://twitter.com/search?q=%24VTI&src=cashtag_click), and [VOE](https://twitter.com/search?q=%24VOE&src=cashtag_click). Essentially Vanguard and XRT (State Street). +Hello??? + +&#x200B; + +What??? The???? Fuck???? + +&#x200B; + +Hearing after hearing, the same nonsensical discussions about unrelated topics, while pretending to "act in the best interest of retail investors"? What the actual fuck is the deal here? Lengthy, and shitty discussions about Payment For Order Flow (PFOF) are an age old issue that this incompetent set of congresspeople have been debating without actually offering any solutions for a long, long time now! This hearing isn't about PFOF, yet 90% of what they talk about is that. GTFO. + +&#x200B; + +And "**protecting retail investors from themselves**"... ?????? Excuse me? Who on earth are you to enforce protection on **me** by *actually* attempting to regulate how I make my own decisions about investing my own money? The actual audacity of these people to sit here publicly and parade around trying to make us (retail investors) believe they know whats best for us? Get off your sky-high horse you pompous ass clowns. + +&#x200B; + +Instead of circle jerking, address the manipulative practices that are clear as day to the public, and that are the fundamental reason why retail investors **ALWAYS** lose, compared to institutions and SHFs. Talk (in depth) about dark pools, the privileges MM and institutions get when compared to retail investors, the fact that HFT is even a thing that's allowed and barely (if even) regualted. Talk for fuck sake about the system that is in place that clearly allows a security to be blatant over-shorted more than 100%. How about you address that issue instead of making a case for why shorting is important... I want to know how a system, that you (GG) keep insisting works as intended, allowed a company to be shorted more 100% of its float to begin with, and how on earth it is possible for the culprits to be allowed to continue doing this (who BTW are the sample people \*shitadel\* that route our orders and can hedge their own investments by seeing our order flow... like who the fuck allowed that?). + +&#x200B; + +As Mark Baum so expertly stated in *The Big Short,* **"Responsible... Nobody is acting responsible! Fuck responsibility. Are you kidding me?!** This entire hearing has been the enactment of this statement. They are trying to portray that they are acting responsible, when in actual fact they are just shoveling shit around the room. + +&#x200B; + +The role of the SEC is to ensure the **MARKET** is regulated and fair. It's job is to ensure the **MARKET** functions in a just and un-manipluated manner, so that all participants that partake in the so-called "**FREE MARKET**" can do so equally and fairly. + +&#x200B; + +&#x200B; + +# You're role is not to regulate how or where I get my information from. + +If you really cared, you would be 100% transparent about all data that is available to corporations and institutions that retail investors can only dream of having access to. Regulate that you bunch of bitches. Freedom to information should be your focus because if all information is publicly available, then bad actors cant hide behind veils of lies. + +&#x200B; + +# It is not your role (or anyone else's for that matter) to decide on my behalf how I should be spending my money. + +It's my money. Fuck you. You're not a financial advisor. You're there to regulate the **market**. GET YOUR FILTHY PAWS OFF MY MONEY and do your bloody job. + +&#x200B; + +# WTF is this? + +&#x200B; + +If i want to go onto Robinhood and spend my self-amassed fortune on a penny stock, then who the hell are you to tell me I can't? It's supposed to be a fair market. The only regulation that is required is the disclaimer that my capital is at risk when I invest. That's it. Retail investors are not toddlers who need their hand to be held. It is literally in the worst interest of retail investors to be regulated to the point where all our decisions are being made by clearly incompetent, disconnected-from-reality, selfish older people who are in a circle jerk with the bad guys. + +&#x200B; + +It's utterly infuriating that retail investors have to sit here and put up with this display of incompetence. I don't give a shit about Gary Gensler, and frankly, anyone that puts him up on a pedestal should feel ashamed because that's the problem here. Stop worshiping people like him (I have nothing against him personally, but he's the SEC chair now, so fuck that) because that's how politics works; they make promises that lure you in to win your support and then time passes without any beneficial results. It's politics 1-on-1. This isn't news. Be objective, and judge politicians (and any people for that matter) based on their actions only. **Words mean nothing, when you don't act. If promises are all you can make without following through, then you're worse scum than a blatant liar.** Therefore, until I see GG making some meaningful changes to directly address the **blatant market-fucking-manipulation** that we have seen with GameStop, I am not going to cast any favor towards him. + +&#x200B; + +&#x200B; + +Screw these people. Stop hyping shit up. Stop agreeing to put dates on things, and then putting dates on shit anyway. Stop being sheep. These people may *say they care about you*, but their actions speak louder and to the contrary. I have no hope for this hearing to provide any benefit to retail investors, and if anything the tone seems to be in favor of **increasing** regulations on retail investors freedom to invest freely, instead of regulating the bad actors that run the market and manipulate it to make a profit. As always, the little guy is bound to lose if we got through this broken system. Only solution in my eyes is the age old fact-based conclusion of all the DD: + +&#x200B; + +# BUY & HOLD. +Is it to late to jump on the Shiba coin with little money expecting to make a huge profit? Or could we see Shiba coin actually hit a penny? I'm totally clueless on these matters and would much like input. +I have a relative who has been running a small cash in hand take away shop for the past 30 years. He stopped doing his tax returns about 20 years ago and has been trading on a cancelled abn. I honestly don’t know how he has managed to get away with this for so long and he has never kept any receipts for anything or records. I want him to get clean but I don’t know how to begin the conversation or who he turns to? Does he go to a lawyer or does he go to a financial advisor? How can someone even help him if he has no records? He hasn’t even made a profit on this business and has nothing to show for all the work he has put in over the years and I know he did the wrong thing and he knows that too, but how can I help him get clean? +Hi Everyone, + +Thought I'd do a quick FYI on APRA's change, why it happened and what the impact is, as I haven't seen this been widely communicated. + +&#x200B; + +**Background** + +While the rate on your mortgage might be 4%, the bank is required to assess your affordability based on a rate of at least 7%, effectively to ensure that you will still be able to afford the loan if there was a massive increase to interest rates. The rule has historically been a floor of 7%, or 2% higher than the standard variable rate (SVR). Several years ago the SVR+2% calculation was fair, however since then the SVR has become redundant with most banks offering rates 1-2% below this level. Further to this, APRA questioned a couple of years ago if it was prudent to only have a minimum of 7%, instead of 7.25%-7.50%. As such, most banks now assess your loan affordability at a rate of 7.25%-7.5%, while your actual rate will be around half that. + +APRA yesterday announced that the floor will be removed, proposing banks instead add 2.50% to the applicable rate in assessing affordability. On a rate of 4%, this would be 6.5%. + +&#x200B; + +**Why they've done it** + +They have been lobbied by the banks, but to be honest it makes a bit of sense to me. Lending in Australia has never been more conservative than what it is now. Sure - there's good reason for this, which will help deflate our over-priced housing market, however it is important that we move at a steady pace and don't have shocks in the economy. APRA started tightening lending standards a few years ago, and over the past 24 months have started to relax back to the pre-control level. The purpose of this was to slow the growth and then slow the decline. + +Note that this change will have a bigger impact than any other lever they've pulled when it comes to slowing the decline on house prices. + +&#x200B; + +**Impact** + +To provide an illustration, if you earn $100k by yourself with no debt and minimal living expenses and want to borrow for a mortgage over 25 years, you can borrow approx $576k where the affordability rate is 7.25%. When this drops to 6.75% you can now borrow $600k and when this drops to 6% (which it very well may be within a year), you can borrow $640k. + +&#x200B; + +**Is this reckless?** + +Given the 2.5% buffer to the rate is still recommended by APRA, this is really just taking us back to where we were 5-10 years ago in assessing affordability. There are a number of other prudential changes now in effect that will continue to stop excessive lending, such as the scrutiny on living expenses. In my view, a few years ago Westpac were handing out interest only loans using HEM measurement of expenses like candy, and that was where the real risk was as there was an inability by borrowers to repay the principal. I see this as moving to a conservative assessment from an ultra-conservative assessment. + +&#x200B; + +Thanks for listening, hope that helps someone :) also welcome any debate, obviously a few of these points are a matter of opinion! +We just refinanced to BOQ and the Manager convinced me to open an everyday and savings account with them. + +I’ve just logged onto their internet banking app for the first time and it’s ridiculous! Honestly looks like a Year 12 technology project. + +Am I missing something? Is there an upgrade I don’t know about?? + +Once the mortgage is sorted, I’m going to close these new BOQ accounts. I am stunned at how basic they are. + +Does anyone else find this? Or am I expecting too much after banking with ING? +26 year old male in Sydney, recently purchased first home (730k purchase price 160k deposit \~ 78% LVR), and wondering now where / how I should invest my efforts (& cash) strategically going forward. I've spent the best part of the last 5 years shovelling savings into the deposit and it feels a bit strange being over this hurdle now and I'm unsure about where to direct the next goal. + +I can't say that investment properties really interest me all that much, previously I was more interested in just funnelling money into Vanguard (boring I know), so part of me feels like I should resume this (I had 35k in a portfolio prior to having to sell it to boost my deposit). Other options that seem logical to me are to boost my Superannuation (currently sitting at 46k) to reduce my tax liability (Wage of approx 120-130k p.a.) as well as building a hefty offset account (10k sitting in there as an emergency fund currently) and then doing some projects on the place (bathroom needs a reno). + +I understand that everybodies situation is completely personal but curious to hear if other first home buyers went through this process after purchasing as well and what some ideas from this community are. I'm very goal oriented. + + +Not sure if this belongs here, but here goes. + +I had an 11 night holiday booked with Jet2 Holidays for summer next year, I booked it before the lockdown and it cost £3192 in total. + +Out of curiosity, I went on to the website again and priced up the exact same holiday, same flights and hotel etc - and it came to £2800. Almost £400 in savings! I phoned jet2 and queried this, and they informed me that they have pretty much dropped the prices of all their package holidays as an incentive to get people booking again. + +The thing is they refused to price match my holiday, so I cancelled it, losing my original £120 deposit and rebooked again at the cheaper price. Even though I lost the deposit, the total price i would be paying is still way cheaper. + +So if anyone is looking to get away next year (here’s hoping we can), then have a look to see if your holiday is now cheaper! + +EDIT for clarification as a few people are asking: It’s a package holiday with ATOL protection that was booked at the beginning of March this year. It is booked for a couple, it’s pretty pricey yes but it’s worth noting it’s all inclusive, sea view suite, and a 5 star hotel. We’ve all had a pretty crappy year so we splashed out a bit so we can have something to look forward to (hopefully). +Tin foil hats on! + +Jan 23, 2020 - Gary Gensler gives lecture series on Blockchain economics + +January 11, 2021 - Ryan Cohen appointed to the board of directors + +January 28, 2021 - Meme stock buy restriction imposed + +April 17, 2021 - Gary Gensler sworn in as Chair of the SEC + +May 21, 2021 - Gamestop discloses ongoing investigation with the SEC + +October 14, 2021 - SEC releases Gamestop report + +October 20, 2021 - PleasrDAO reveals purchase of Wu-Tang album + +November 1, 2021 - Loopring CEO tweets Chinese poem about "justice" + + +This is a far-fetched super speculative tin foil hat theory but... + +Could it be possible that Gary Gensler is actually the mastermind behind the 3D chess match to end all 3D chess matches, with the end goal of overhauling the markets? + +Hear me out... + +RC is great, but his expertise is ecommerce. And he's been killing it, from hiring a superstar executive team to setting up Amazon-scale fulfilment centers. But Blockchain/crypto isn't his wheelhouse. + +What if the NFT was actually Gary Gensler's idea? + +If you listen to his lectures, he emphasizes reduced transaction times as a key benefit of Blockchain. + +Notice how he spends a lot of time on Twitter and MSM talking about the "plumbing" of the markets and inefficient market structure. Clearing and settlement problems that wouldn't exist on a blockchain exchange. + +He also spends a lot of time talking about climate change. Could he be alluding to the hurdle of the high computing energy currently required for the crypto minting/mining process? + +I'm way out of my field, but isn't the whole value proposition behind Loopring the reduced gas fees with minting and overall elimination of barriers to entry with Layer 2 rollup? + +When the Gamestop report was released, I remember seeing a headline that the report was a source of internal conflict at the SEC. Ultimately, the report that was released was largely inconclusive. + +But what if that report was purposefully toothless? As a way for Gary Gensler to simultaneously cover his ass legally and give the all-clear to RC/Loopring to release an NFT dividend? + +The report said it was all FOMO and no fuckery right? We're all just crazy conspiracy theorists right? + +Cool. So an NFT dividend shouldn't cause any issues... Right? + +If our theory is true, a forced buy-in would vaporize every bad actor, every shady broker, every "liquidity providing" market maker, and of course, the DTCC. + +Blockchain renders the clearinghouse obsolete. Blockchain IS a better clearinghouse. Instantaneous settlement. Decentralized and secure. And if the Wu-Tang album can be distributed as an ERC-20 token, the proof-of-concept would exist for every publicly traded company to also re-list their shares as tokenized securities. + +And especially with the scalability and cost-effectiveness of Layer 2, why wouldn't they? If DeFi offers shareholder protection against market manipulation and fraud, why wouldn't every public company embrace this technology with open arms? + +After all... isn't that the SEC's mission? + +"To protect investors? To maintain fair, orderly, and efficient markets?!?" + +Gary Gensler would go down in history as the hero who saved capitalism. + +And just a few hours ago... Daniel Wang, Founder and CEO of Loopring, tweeted this poem: + + + +“For ten long years, a sword I whetted, +Its shining blade, as yet, untried. +Today, I hold it unsheathed before you; +Of you, to whom was justice denied?” + + + + +UMMMM....?!?!?! + +BUCKLE UP?! + +🚀🚀🚀🚀🚀 + + +(Disclaimer: This tinfoil is uncharacteristic of me, but can't an ape have some fun? All of this is obviously speculative. Jack your tits responsibly!) +Title says it all. I’m a current 20 year old student who really doesn’t have that much money to invest every month, but I feel that putting any money away is better than nothing at all. I’m considering buying TD and Bank of Nova Scotia (BNS) stocks to get started, but does anyone have any tips to set myself up for success? I currently put $50 away a month for my TFSA and on top of that am considering opening a second TFSA to only focus on dividends. Any tips/thoughts or advice? +Using Exxon (XOM) as the example. + +I can sell a put ATM for one month out and collect $310 in premium. + +Alternatively I can sell an ATM put for 21 months out and collect $905 premium. + +So I can get almost 3x as much premium by keeping my collateral locked up 21x as long. I understand I'm less at risk for wild swings in the short term, but that's a HUGE premium hit, bigger than the safety given. + +So who is selling these? +I’ve recently started selling credit spreads on XSP and SPX (both put and calls). I sell at low deltas with 0-1 DTEs. And at any time, I either have a put credit spread or a call credit spread. + +Today, it occured to me that selling iron condors might be a better option. It will allow me to collect more premium per trade. Further, whilst this would require more buying power and put more capital at risk, in practice, only one side of the trade will be at risk. By that, I mean that its only possible for SPX (or XSP) to breach only one side of the trade. It will either drop too low, putting the put side of the trade at risk. Or it will rise too high, putting the call side of the trade at risk. This also means that in terms of trade management, depending on where SPX is headed, I’ll likely only need to manage just one side of the trade. I know its possible for SPX to swing wildly within the course of a day, but at the end, it can only breach one side. + +Am I right in thinking the above? Or am I missing something important? If there’s a better option to trade SPX, I’d be happy to hear about it as well. +Last week I posted about my experiment with a $1000 Webull account (no commissions, but fills are pure shit, no other words to describe, do not recommend it). + +Here is the original post: + +[https://www.reddit.com/r/thetagang/comments/wsmng5/experiment\_wheeling\_the\_highest\_iv\_crappiest/](https://www.reddit.com/r/thetagang/comments/wsmng5/experiment_wheeling_the_highest_iv_crappiest/) + +I pretty much maxed my buying power at just over 85% of capital tied up in cash secured puts on the most volatile, hated, and crappiest stocks in the highest IV corner armpit of the market. So, this will be it for this month, and now we are in a waiting period until certain options drop enough for me to buy them back, or get assigned the crappy stocks. + +Here is the list of tickers and trades I have made over the last few days. + +I collected a total of $194 on $856 tied up, though the $20 I collected for ENDP, IMPP and the $25 from the $1 AVYA put are ITM, so I can not expect to collect that premium right now. About $150 of the collected premium is from pretty deep OTM options right now. + +Feel free to poke holes, just please understand that I am trying to "diversify" as best as I can across industries etc., but with such a small account it is not possible to have an intelligent diversification strategy, if you stay in this nasty corner of the market. Working with this stock universe is the main experiment design feature, so that ought to be the end of the "diversification" discussion. + +Good luck to everyone and best regards, and thank you for the very positive and productive discussion in the original thread. I will make these updates once per week, and I hope that they will provide good value and a constructive discussion. + +NameSymbolSideStatusFilledTotal QtyPriceAvg PriceTime-in-ForceFilled Time + +MNMD 09/16/2022 00:00:00 EDT Put **$1.00MNMD220916P**00001000SellFilled11@0.3000.3DAY08/24/2022 13:56:08 EDT + +IMPP 09/16/2022 00:00:00 EDT Put **$0.50IMPP220916P**00000500SellFilled11@0.1600.16DAY08/24/2022 12:27:37 EDT + +PRTY 09/16/2022 00:00:00 EDT Put **$1.50PRTY220916P**00001500SellFilled11@0.1500.15DAY08/24/2022 12:13:31 EDT + +AVYA 09/16/2022 00:00:00 EDT Put **$1.00AVYA220916P**00001000SellFilled11@0.2500.25DAY08/24/2022 12:02:23 EDT + +BBBY 09/16/2022 00:00:00 EDT Put **$3.00BBBY220916P**00003000SellFilled11@0.1700.17DAY08/23/2022 10:33:05 EDT + +AVYA 09/16/2022 00:00:00 EDT Put **$0.50AVYA220916P**00000500SellFilled22@0.0600.06DAY08/22/2022 13:07:03 EDT + +CLNN 09/16/2022 00:00:00 EDT Put**$2.50CLNN220916P**00002500SellFilled11@0.6500.65DAY08/19/2022 15:15:35 EDT + +ENDP 09/16/2022 00:00:00 EDT Put **$0.50ENDP220916P**00000500SellFilled11@0.2000.2DAY08/19/2022 12:10:38 EDT +After selling 300 strike put on TWLO sometime last year, I got assigned as stock plunged. My cost basis is 300 (TOS shows this correctly). With the current price of $90, my current unrealized loss should be $21,000, but TOS shows it $13,000 as of now. +It’s happening for some other similar positions too. + +I did sell some covered call in the last few months after I got assigned, but the realized profit for those CCs aren’t $7000. So, I’m wondering why what going on with unrealized P/L display in my account. + +[https://ibb.co/Fb0kHR2](https://ibb.co/Fb0kHR2) +After reading and understanding the DD, I bought my first share on January 27th at a wonderful 293 USD pre split. I haven’t stopped buying ever since, nor do I ever plan exiting my position after what I’ve seen. + +The long road we’ve been through is absolutely baffling to me. They’ve ignored us because we were supposedly conspiring cultists, then the “bad comedy joke” era started, and now the FUD campaigns are trying to discredit/defraud anything and anyone that isn’t on the anti GME, popcorn, towel, or anything side. + +I can’t tell with 100% certainty, but I have a feeling that it won’t take very long anymore. + +See you guys on the other side. + +Buy, DRS, hodl. +Like noted above, I work in the finance function for a major US retailer and am a BTC supporter and owner. A few of us at work have been talking to folks at our organization about what impact accepting BTC could have to our company and how we'd implement such a change. One big issue that keeps coming up is processing merchandise returns. + +For example, let's say you buy 1BTC worth of merchandise (think major appliance or something durable, like a refrigerator) when the spot price of BTC is $1000, then our company comes out to install it and all of the sudden it doesn't fit in your kitchen or you as the consumer decide to return it, but today the price of BTC is $900, or $1100. (In the event it's $1100, the customer may return the product for no other reason than they want to get their BTC back because it's worth 10% more, there's a moral hazard there, especially with special orders that take time to process. We'd have no way to prove this was the customer's motivation, the customer is always right.) + +If we use BitPay, we get the cash value instantly (which is great, but when they come to return the merchandise, we won't have BTC in an account to give back to a customer so we'll have to purchase BTC at the market rate, which creates additional risk for us. Additional risk is not something that most companies really want to incur at the moment. + +So Reddit, we're asking, how can we process returns of merchandise in a way that meets customer needs without creating additional risk for our organization. Without this solution, we'd have to hold off on accepting until the market price stabilizes for some time, which could be a long time, or never (as it's deflationary by nature). This is our biggest hurdle to adoption. + +Side note, our security folks love the idea of not having to keep customer payment information for PCI compliance, etc, when processing BTC, so that's an advantage. Think about Target (one of our competitors) and the CC issues recently. These issues are significantly reduced in a BTC world. + +Edit: So far most everyone is suggesting we just process returns in $US, which is fine, except that really proves that BTC is not a currency, but a payment method. Either way, that's not a solution, because our bosses will just say to let people get cash for their BTC on exchanges and use that at our stores. + +2nd Edit: We have many international operations and have currency hedges to protect us from fluxuations in exchange rates. If this were an option for BTC, we'd be closer to adoption. + +3rd Edit: /u/ccyff has suggested giving the costumer an option to purchase BTC price protection which locked the BTC returning price and the price protection cost should be kept in BTC. This seems like a legit option that would allow the customer to protect themselves from $ fluxuations and us as the retailer to be protected against people using us as a de-facto exchange. Seems like a legit idea for discussion. + +Final edit: A lot of people think this is a troll post. Alas, it is not, but I have no way to prove that without breaking the confidentiality of my organization. My responses were meant to incite discussion to see if there were any real solutions to our questions and concerns, some of the responses were great, some entertaining, and others, not so much. Anyway, it was appreciated, and we'll monitor the responses over the next few days while we prep our presentation for our superiors. +&#x200B; + +Unless you’re living under a rock you’re familiar with the notorious GameStop, the stock that made history after it was the face of a revolution against hedge funds and ultimately the entire establishment itself. However, as GameStop began to peak it became clear that its potential was limited by hedge funds and government agencies who struggled to regain control and even went so far as to shut down buying entirely, a power they still possess and would never dare to relinquish. At the end of the day you can never succeed in a game that’s been rigged from the beginning. The only true way to resist is to take our money out of it entirely. We stopped playing their game and started our own.. + +&#x200B; + +We’re pleased to bring you the next face of the revolution: MoonStop - A cryptocurrency run BY the people, FOR the people. Our rocket is fueled and ready to go with no roadblocks in sight. Hedge funds, brokerages, big business and government agencies among other previously hostile agencies have absolutely no power in our game. Imagine if GameStop was bound by no limits. Even with all their setbacks, GME has a current market cap of 10 BILLION, approximately 20,000 times our size with 75% of that being artificial interest from memers like ourselves. In the case of MoonStop, the sky (or rather the moon) is TRULY the limit. + +&#x200B; + +We truly believe MoonStop is the next big name in Crypto and now is your chance to get in on the ground floor! + +&#x200B; + +What we have coming: + +&#x200B; + +\- Just re-listed on CMC with the correct contract address! + +\- AMA with Satoshi Club on Telegram on April 25th (53k+ telegram members) + +\- Coingecko listing once we have enough holders. + +\- A meme contest with $1,000 USD to be won + +\- Charitable donations to organizations chosen by our community. + +&#x200B; + +Contract code: 0x150159c72f0f9ef9000bf95e242de6682480d6d3 + +&#x200B; + +&#x200B; + +Chart: [https://charts.bogged.finance/?token=0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://charts.bogged.finance/?token=0x150159c72f0f9ef9000bf95e242de6682480d6d3) + +[https://poocoin.app/tokens/0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://poocoin.app/tokens/0x150159c72f0f9ef9000bf95e242de6682480d6d3) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x150159c72f0f9ef9000bf95e242de6682480d6d3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x150159c72f0f9ef9000bf95e242de6682480d6d3) + +&#x200B; + +Want to become part of the community? Join our Discord/Telegram! + +&#x200B; + +Discord: [https://discord.gg/D7H7H8j8Jv](https://discord.gg/D7H7H8j8Jv) + +Telegram: [https://t.me/officialmoonstopcoin](https://t.me/officialmoonstopcoin) +Question is pretty much as stated. + +My little nephew is my sibling's only child and my parent's only grandchild. He gets spoiled silly by both sides of the family. For his birthday and Christmas, he basically gets inundated with a million gifts, picks a few he really likes, and then kind of just outgrows all the others. + +I'd rather put money in a medium/low risk investment idea for him and just put money in that, at least until he's old enough that he'll actually remember gifts. + +What ideas do you guys have? +Talking about Our first project "CataBolt Swap" 🌟 CataBolt Swap official launch date Today! 30th August is when the lion is out of its den. ⚡✌🏻 The first ever premium Swap! 🎉 Bots and hackers should think twice before making any move! We are gonna kick their asses! 👊🏻💯 We believe everyone deserves a safe playing field and we are dedicated to building a tokenmunity of like-minded projects and people. ☑️CataBolt Swap is a decentralized exchange protocol built on Binance Smart Chain. ☑️To avoid traditional token launch hazards like automated bot trading that can destroy a project before it begins, We have created the world's first decentralized token project whitelist launchpad. ☑️We devised a way to crush destructive bot trading by allowing thousands of people to participate in the project and create liquidity before the bots have a chance to strike on the public Pancake Swap open market. ☑️An innovative exchange helps prevent bot & hacker attacks before they happen.This exclusive platform for emerging tokens provides a safe platform. And the AIRDROPS, Y'all have been waiting for the it! 🤩 So, 28th August it is! 🎉😎 First of Five Snapshots will be taken for qualification for the CataBolt Swap claimed AIRDROPS! 🌟 Also, the Sneak Peek Into CataBolt Swap⚡️ will be on 25th August, Wednesday! In case you've missed the benefits TruBadger gives, here are some: TruBadger Hyper-deflationary reflection token, offering anti-whale system, manual buy backs and Multi-signature wallets. Weekly burns and 3 upcoming projects! 🤩 Ready to rule. 🔥 An ecosystem is a diverse, revenue generating, utility and continuous income stream for the token. + 😎Fully Doxxed Team 💪🏻Hyper-Deflationary token 🕺Reflection with every buy/sell 🐳Anti-whale system 🔥Weekly burns 🥉3 upcoming Projects WHY TRUBADGER?  🤔🦡 ✅ Ecosystem in the making ✅ Longterm investment ✅ Sustainable growth ✅ Short-term delivery of projects ✅ Manual buybacks of TRUBGR tokens on the open market space to increase the value of TRUBGR immediately. Buybacks have done with a generated revenue of the ecosystem. = sustainable value creation over time. ✅ Top-notch support and admin team answering questions and helping you get set up. Here you are not merely a small fish in the deep blue sea. ✅ Community token means the community is asked to vote in major decisions as proven before. ✅ WEEKLY AMAs and Weekly Burns. Listed on: Coin Market Cap: https://coinmarketcap.com/en/currencies/trubadger/ CoinGecko: https://www.coingecko.com/en/coins/trubadger Social media accounts: https://beacons.page/trubadger + +Come check Telegram for more info: + +✅ https://t.me/TruBadgerOfficial + +✅ https://t.me/CataBoltSwapOfficial + Being a Badger, has its privileges! 🎉🤩 +[Original post](https://np.reddit.com/r/CryptoCurrency/comments/lwowyw/my_take_on_lto_network_the_ultimate/) by u/veegred + +>LTO has some of the highest adoption in crypto. It is not even in the top 200 by MCAP but it’s a top 10 blockchain by number of transactions (120k per day, with a steady 25% growth MoM). +> +>The reason why it has so many transactions is because they already have quite a few clients using it, and some big ones (for example, the UN, with land registry projects in developing countries like Afghanistan) are yet to start properly anchoring transactions on the network, something which will only increase the number of transactions especially as similar solutions for more countries are rolled out. +> +>Txs on the network and their fees are paid by actual clients that are getting BaaS (Blockchain-as-a-Service) out of LTO. There’s enough ghost chains with ‘great tech’ and ‘potential’ and negligible number of transactions/usage valued at billions of dollars. A lot of projects get built in hopes that they will attract customers. LTO has done it the other way round, focusing on business and adapting the tech to meet the needs of its clients. +> +>**But why buy LTO tokens?** +> +>You might be wondering what these do and how they are used in the ecosystem. LTO tokens are used to pay for transactions and smart contract fees. So far, almost 100m have been burnt, what makes LTO deflationary. In fact, 11,000 tokens are burnt on average every day, since txs cost a fee of .35 LTO, of which .25 is for nodes and leasing rewards, and .1 is burnt. This translates to about 3.4 million tokens being burnt every year at the current rate, out of a maximum supply of less than 400 million. You can stake the tokens by setting up your own node or lease them to an existing one (since it’s a proof-of-stake blockchain), and contribute to decentralisation and the security of the network, thereby earning LTO tokens. The staking currently earns you 7% APY, but this could go up based on tx growth and it is done through the LTO Network wallet. Tokens are also used for governance, allowing node operators to vote on network proposals. +> +>**But how can we benefit from it as an investment - would a high token price be good for clients? Surely the team would want to suppress the price so that they don’t lose business?** +> +>Let’s say, for instance, that the price of LTO goes up a lot in a short period of time. Nodes can then vote to lower the transaction fees to accommodate for a higher token price to keep the price low for customers. Customers can, however, just run their own node to contribute to the network and get a share of the rewards or use a validator to handle all that and not be impacted much by a rising price since that’s all factored into their business agreement - paid for in fiat for a flat amount. A lot of clients do not want the hassle of dealing with tokens or nodes - and that is perfectly fine since they don’t have to for LTO to provide their services and for us to benefit from their transactions. The team, in fact, has a portion of the total supply locked until the price reaches an acceptable (I.e not undervalued) level and they can use the funds for mergers and acquisitions with/of other great projects to add value to customers. Recently, VIDT was acquired in order to provide verifiable identities as part of the LTO product offering. +> +>All of this, if anything, leads to the logical conclusion that LTO is criminally undervalued, especially when you compare it to other projects that are basically ghost chains with zero clients or adoption, and just promises and price rises tied to speculation, hype, and FOMO. LTO’s mcap is currently $150 million, currently trading at about $0.50, and its ranked at #250 by mcap. To put it into perspective, At MANA’s (Decentraland) market cap, top 100 on coinmarketcap), LTO would be worth $1.36. At ETC’s (Ethereum Classic), top 50 on cmc, it would be worth $4.35. At XLM’s (Stellar), top 10, it would be worth $33.27. +> +>LTO just needs more exchanges and more recognition, but you can currently buy it on Binance if you have access to it. People in the US can also buy it, it’s explained [here](https://www.np.reddit.com/r/LTONetwork/comments/lhuxys/buying_lto_in_the_us_cheap/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf). This is not ideal, but the team is actively working on getting more listings and we should get some updates on that soon. This should only lead to more buying pressure and visibility. The fact that the Binance LTO wallet keeps getting drained day by day is a great indication of where LTO is going and destined to be. +> +>**TL;DR** \- LTO is a b2b blockchain that already works and is being used with growing txs every day by big clients. It has a lot of growing potential due to a small market cap and it not being listed on a lot of exchanges yet, good tokenomics due to its deflationary nature, staking rewards, and an actual use case for the token. +> +>This is not investment advice, just my conclusions from reading about LTO, watching webinars, reading AMAs and generally being involved in the community. As always, DYOR. + +&#x200B; +High Tide announced this morning that they are bringing forward the announcement of their 2021 Q1 Results + +“High Tide announced today that it has changed the time of the release of its first quarter 2021 results and conference call. The Company will now release its financial and operational results for the quarter ended January 31, 2021 after market close on Wednesday, March 31, 2021. High Tide's first quarter 2021 financial and operational results will be available on SEDAR and on the Company's website at” + +This could be good news as it will now leave a day of trading after the report comes out + +Full article here: https://t.co/5tQN7BpPiQ +Cause this stock is hilarious +Check out their website +[https://lingeriefc.com/](https://lingeriefc.com/) +Their CEO has much experience in the field + +https://preview.redd.it/lhi6e13tbhf61.png?width=733&format=png&auto=webp&s=050ac54e639494378d21a6b1248ea9cebf6f9298 + +And here's a little bit of DD + +https://preview.redd.it/96k35gtvbhf61.png?width=854&format=png&auto=webp&s=59d6d820bc31e7db09fee288a1999d43f7b83d5d + +This is a stock I can see pulling an 1000% move soon + +The meme power is just ridiculously strong +Good Morning Apes! + +Another Friday is upon us, we are still trading about $14 dollars below our 250 day weighted average. Borrow rate went up yesterday, more importantly stayed up, indicating that they have almost tapped out the ETFs and have begun borrowing real shares. They continue to suppress the price to get people to dump options and reduce their exposure for the upcoming T+2 window. + +Institutional call side interest for Today is actually quite high and we may see a move to bring the price up at least closer to max pain which is currently at **$160**. + +As always with quad witching we should see some increase in volatility. + +This attempt to maintain these price levels is desperate and unsustainable, their best strategy is to keep the price under $150 into close and possibly have less exposure next week but those borrowed shares are still going to come back and bite them in the ass. Reduction in exposure this week (if that share creation FTDs) means even more exposure through the January window. + +https://preview.redd.it/4bo3e2wmw3681.png?width=1141&format=png&auto=webp&s=16761871dbf6fa05b072ce787e13c1295a9f439e + +**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 Market + +Very nice price improvement today still closing below max pain but probably a sufficient run to increase gamma exposure into next week. Over the next T+2 days I expect some price improvement to the upside as GEX from todays contracts (GME Quarterlies and ETF LEAPS) expirations is covered. I'm looking for 180/225/250 to be our strongest resistances to the upside but my price target for the move is more conservative. Looking for a possible test and rejection at 225, it's possible we could break through that but starting the run from this low price point I think a conservative target is better. Thank you all for tuning in this week, I'll see you Monday. + +\- Gherkinit + +https://preview.redd.it/lv18rlhh36681.png?width=697&format=png&auto=webp&s=0bbfa3eae3a7e61afbf946c9dd0765e4a45fe39c + +Edit 7 3:15 + +bunch of 160 puts coming in to keep the price down into close we may stay pretty flat unless we see some serious buy pressure to break that resistance. So likely closing at max pain. + +https://preview.redd.it/5kp9ogv4v5681.png?width=1549&format=png&auto=webp&s=514d9851e5b7be501ef61fededb7061095856135 + +Edit 6 2:01 + +Consistent uptrend is holding the EMA 30/60 we may even see a test of max pain going into power hour + +https://preview.redd.it/hkpg7n3vh5681.png?width=1533&format=png&auto=webp&s=83d29438fc4f3c1a6b66f496f13f440e776fd58c + +Who the fuck keeps doing this + +https://preview.redd.it/vazkznul95681.png?width=539&format=png&auto=webp&s=30d6181ac001a11c65b713b8421495e413d68d86 + +Edit 5 12:61 + +12:69 incoming + +https://preview.redd.it/6syg8o7375681.png?width=1543&format=png&auto=webp&s=5a3fb85b39f596792d158149119d6f6c3fd77d13 + +Edit 4 12:23 + +Stabilized in the 152.50-154 zone we generally run in the afternoon on days like this so I'm looking for some price action to pick up in about an hour or so. + +https://preview.redd.it/pw279ajb05681.png?width=1551&format=png&auto=webp&s=3dcfe9c4663604cfe3f03d10a6c925e729731b54 + +Edit 3 11:04 + +Viewership share/leverage anonymous poll, also that is definitely not the real DFV right? + +https://preview.redd.it/y58l0phbm4681.png?width=886&format=png&auto=webp&s=da8eb4d22cc5402aea5ef5184e42ed107c6dc2b8 + +Edit 2.5 10:49 + +Big ups pushing all the way up to 155 on this run volume driven price action feels good, 250 EMA at 156 and the next milestone resistance at 162.50 + +https://preview.redd.it/um0rj4doj4681.png?width=1551&format=png&auto=webp&s=9f8ef5a63d0fe93fed5c65fe3c055198bead588a + +Edit 2 10:49 + +? + +https://preview.redd.it/z0g4lb5hj4681.png?width=569&format=png&auto=webp&s=c3dba1b0818a8382d787f27c2b83565bd684acf6 + +Edit 1 10:16 + +Starting the day off with a pretty violent bear trap as soon as we touched 139 thousands of open put contracts were sold off/cash settled. This should cause MMs to buy back in to satisfy synthetic shorts created to hedge those contracts. Volume is around 500k right now and it looks like some covering is being done we should continue to see more puts sold off into the rest of the day. + +https://preview.redd.it/64zrdqo1e4681.png?width=1583&format=png&auto=webp&s=15ac29a5ceea5cbe30c664f5be19b2fd9fb1fd84 + +# Pre-Market Analysis + +GME down 1.45% from close with 11k volume traded so far. + +Shares to Borrow: + +IBKR - 100,000 @ 1.1% (borrow rate up 0.6% from yesterday morning) + +Fidelity - 468.886 @ 0.75% + +[GME pre-market on the 1m](https://preview.redd.it/awu808b1y3681.png?width=1577&format=png&auto=webp&s=b0b612515cc30d510ad9305b4b15f63ff517f53f) + +CV\_VWAP + +https://preview.redd.it/gc5f65dqy3681.png?width=2457&format=png&auto=webp&s=d2dd7ea372845a8e6d8f49fef2a0ff3a912073fe + +Also this is a very nice representation of GME's building illiquidity over this year [https://www.reddit.com/r/Superstonk/comments/ri4qza/repost\_gme\_price\_and\_volume\_as\_percentages\_of/](https://www.reddit.com/r/Superstonk/comments/ri4qza/repost_gme_price_and_volume_as_percentages_of/) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I remember a while back there was this whole thing about a dude who thought his £80k salary was normal when in fact he was in the top 5%. + +This got me thinking, what kind of income would you actually need to be considered part of the 1% ... or even the 0.1% if you're feeling ultra ambitious? +When I was young I got into AV, specifically as a sound tech, because it was fun mixing bands and traveling around. As I got older, the implication of the mantra "we do this for the love of it, not the money" started to become clear: there is very little money. So, I put a few years in to a university degree in medical physics thinking that the aging population meant that specialized knowledge in age-related illness like cancer would be a bit of an insurance policy against working for very little money for the rest of my life, but in the past year I have started to hear PhD students and post-doc fellows saying the same kind of thing: "you don't get into science for the money". My question is, what industry do people get into for the money alone, even in the short term? +I’m not political at all, and I don’t like war. I live on the opposite side of the planet to Europe and I have no vested interest or relationships with the people of Ukraine or Russia. + +What I am, is a believer in decentralisation of the banking industry. I’m reading stories of organisations (Coinbase, Visa, etc) blocking Russian citizens and I do not support that. + +There are surely people on both sides, who could be considered victims of war, but if the financial industry can contribute to making more people victims, then that is wrong. Crypto should never be controlled by anyone. Blocking it, or attempting to block it, is not going to solve any political conflict. But keeping it available to anyone and everyone will still ensure people can trade when and what they need to, in order to survive. +I’m seeing a growing number or air con installations where I live. Is there a big or noticeable impact On cost to having one in terms of electrical bills? even if it’s just used during summer? How much does it cost to install? + +I’m thinking of installing it for parents home as the house struggles during summer heat. +Losing my job was never an issue for me before. I’ve always been an outspoken person and stood up for what I thought was right but since I got a mortgage, somehow, I’ve become more cautious of my actions, to a point that I’m willing to allow being pushed around to prevent confrontation which I’m starting to hate. Can anyone relate? +I’m supposed to be selling my flat and buying a house, but the house owner has just changed her mind after six months of messing us around, and pulled out entirely. + +I’m absolutely devastated and it’s going to cost me £10k plus probably £400/month more in interest when I find somewhere new. I don’t want to screw over the flat buyer or lose the sale, so I’m planning on continuing that part and paying the early redemption charges. + +That’ll leave me with around 100k which I need to hang onto for the next few months whilst I find another house and start a new mortgage application. Where’s my best bet? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Wondering what the thinking on Bitcoin is with regard to it's exchange rate against the dollar continuing to climb (currently around 1BTC=$210). + +Will it crash? Continue to climb? Love to hear peoples thinking on this. +So this morning I got to login to our retirement accounts and [see the 7th figure for the first time.](https://imgur.com/a/5PlCk2w) This is the money in Roths, 401ks, a regular old investment account and does not include our emergency fund or regular checking. The Roths are maxed for the year and we are almost there with the 401ks. Then it is on to paying off the house. I know it is just a number, but we earned it and I feel like I am one step closer to doing whatever I want. If anyone cares, the key for us was working together and agreeing on what we spend. We also give ourselves a little money each month that the other one cannot judge how it is spent. Basically we each have our own tiny slush fund for frivolous purchases that we would never buy with our joint money. It works really well for us. +I recently upgraded to quite a large house, 15,000 square feet, on 30 acres. It’s everything I wanted, the kids love it, etc. I know many of you have done the same, but there is a logistical issue I cannot quite figure out. + +With such a large house, it is easy to “get lost”. What I mean is that even yelling as loudly as you can, you cannot be heard elsewhere in the house. The house has an intercom system, but I feel that makes the house seem dated. I have considered radios (cell phones don’t work due to the thickness of the walls), but that seems janky. + +How do you solve this problem? +I was well on my way to FIRE at 600k net worth at 26yo (Toronto) , and I recieved an inheritance of 5million. So on a similar note to one of the previous threads about “active” investing, I don’t want to RE yet , since my initial plan was around 40yo.. now I’m 15 years early (not complaining)! + +My question is : how do I invest this money so it can grow, conservatively invested , in a tax effective manner ? Do I get a private banker ? A specialized CPA or is my situation pretty common (similar to inherited money)? + +Background : + +Single , no kids , 70k in a professional licensed field , income to rise over time . May one day open my own practice as a professional goal of mine . + +TSFA maxed already + +192k mortgage left on my 550k condo + +RRSP is 0 as I was waiting to be in a higher tax bracket and my work doesn’t match . Currently 70k salary but I assume with dividend investing I would be in the highest tax bracket . Should I max this ASAP or wait until next year when my income is reported as in the tax bracket (due to capital gains) + +Is there any tax merit to open a numbered Corp and invest through that / pay dividends to myself ? I would not need any immediate access to this money in the near future and I don’t plan on inflating my lifestyle at all. I can live off 2-3k a month . Bumping it up to 4K a month to own a nice car would already be a huge luxury for me . Can I partially “write off” things like my mortgage, meals, and a car through this numbered company then ? + +Thanks for everyone’s input ! I realize I’m in a very fortunate situation and I would hate to waste it all away . + +Edit : to everyone hating that I’m financially immature . This relative was in a different country and I was only able to visit them once a week every year and we didn’t do finance lessons when we were soending time together . I hope I can learn more from the people in this community . + +Additionally . I’m not looking to commit tax fraud , just be tax efficient ! +So yeah, RC can start talking and we are yet to see it really. Occasional meh tweet that somehow jack’s people beyond comprehension. Nothing of substance to do with GME.. but, for how long? + +It’s been a whole week of… green? What the fuck. 10 weeks of brutality and now green, The week of RC being allowed to talk some shit.. it’s fucking strange right? + +Ortex post to confirm they are seemingly on side pointing at GME and the other at 100% share utilisation. Why now do they give us that beautiful figure. Are they pushing the squeeze to happen? + +Vlad on his apology tour talking shit about Apex and claiming nothing is his fault. But putting the clearing houses IN IT like he ain’t gonna get in shit for it? Why now can he say that legally? Why not before? Perhaps because he is a witness and he knows the DOJ is gonna bust it wide open with every nefarious shorting firm in the galaxy? + +This week I expect they to pull some shares out their gaping assholes and hurt us good, they must, must must must have a bunch stored for when RC says something decent about GME or an announcement comes. + +Microsoft Twitter crumbs, loop the same.. why are so many people confident in pointing out what we seem to know is around the corner? + + +It’s probably nothing +North America segment sales increased 20% year-over-year to $78.8 billion. + +International segment sales decreased 5% year-over-year to $27.7 billion, but increased 12% excluding changes in foreign exchange rates. + +AWS segment sales increased 27% year-over-year to $20.5 billion, or increased 28% excluding changes in foreign exchange rates. + +**Fourth Quarter 2022 Guidance** + +Net sales are expected to be between $140.0 billion and $148.0 billion, or to grow between 2% and 8% compared with fourth quarter 2021. + +This guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates. + +Operating income is expected to be between $0 and $4.0 billion, compared with $3.5 billion in fourth quarter 2021. +I just got around to watching margin call and really enjoyed it. I know the producers may have been trying to demonize wall street but I didn't really walk away from the movie with that mindset. I appreciated getting the company's perspective to the crisis. Obviously it's a movie and reality is different but anyone know of any other great flicks to watch? +Hi /r/finance, it's honestly infuriating reading comments on any other sub with posts about the subject. While we have the news article, which is great, I'd like to hear some of the educated opinions out there on the merger, as I've read some great comments in the past in stark contrast to the rest of the site (see:Barclays bonus thread). + + + +My personal opinion is that Comcast will rapidly divest its pay per month cable business into subsidiary firms, or a larger holdco that fully spins off. Their target goal is 30% of the U.S. market but I don't see being a network capturing long-term profitability. + + + +I believe the reason for the aggressive all-equity merger lies in the fact that the new comcast/TWC monster plans to on-load MASSIVE 1980-90s LBO level debt to finance the fixed costs of fiberoptic cable installation. I foresee the same battle netflix is fighting against other networks, except in reverse. As Reed Hastings is paraphrased, "We need to become HBO before HBO becomes us." I think this is TWC/CMCSA realizing they don't want to be that other guy, and have the cash/credit to do it. + + +Thoughts? +Guten Tag to this global band of Apes! 👋🦍 + +With the split by dividend just days away, the SEC rushed through a new rule and delayed the implementation of another. +I do not fear these changes. +They do, however, show how desperate those who oppose us are. +They are days away from destruction, and these moves appear to be just the kinds of desperate actions I'd expect from someone in that position. + +Meanwhile, GameStop continues to rise, bouncing off of the 'Critical Margin Theory' line several times yesterday. +With the incredible early success of the NFT Marketplace, GameStop's digital expansion is well on its way. +There is enormous room to expand beyond the current offerings, but this is a fantastic foundation to build upon as they court new partners. +Is the combination of the NFT marketplace and the impending dividend enough to firmly push GME above the line? + +Today is Thursday, July 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$140.35 / 139,42 €** *(volume: 930)* +- 🟥 115 minutes in: $140.30 / 139,37 € *(volume: 919)* +- 🟩 110 minutes in: $140.43 / 139,50 € *(volume: 914)* +- 🟥 105 minutes in: $140.41 / 139,48 € *(volume: 884)* +- 🟩 100 minutes in: $140.42 / 139,49 € *(volume: 880)* +- 🟥 95 minutes in: $140.41 / 139,48 € *(volume: 880)* +- 🟩 90 minutes in: $140.43 / 139,50 € *(volume: 872)* +- ⬜ 85 minutes in: $140.42 / 139,49 € *(volume: 863)* +- 🟥 80 minutes in: $140.42 / 139,49 € *(volume: 861)* +- ⬜ 75 minutes in: $140.44 / 139,50 € *(volume: 861)* +- ⬜ 70 minutes in: $140.44 / 139,50 € *(volume: 860)* +- 🟥 65 minutes in: $140.44 / 139,50 € *(volume: 853)* +- 🟥 60 minutes in: $140.58 / 139,64 € *(volume: 758)* +- 🟩 55 minutes in: $140.70 / 139,76 € *(volume: 710)* +- 🟩 50 minutes in: $140.68 / 139,74 € *(volume: 708)* +- 🟩 45 minutes in: $140.62 / 139,69 € *(volume: 601)* +- 🟩 40 minutes in: $140.60 / 139,66 € *(volume: 598)* +- 🟩 35 minutes in: $140.55 / 139,62 € *(volume: 533)* +- 🟥 30 minutes in: $140.48 / 139,55 € *(volume: 404)* +- 🟥 25 minutes in: $140.54 / 139,61 € *(volume: 404)* +- 🟥 20 minutes in: $140.58 / 139,64 € *(volume: 403)* +- 🟩 15 minutes in: $140.66 / 139,72 € *(volume: 375)* +- 🟩 10 minutes in: $140.60 / 139,66 € *(volume: 320)* +- 🟩 5 minutes in: $140.43 / 139,50 € *(volume: 218)* +- 🟥 0 minutes in: $140.42 / 139,49 € *(volume: 211)* +- 🟩 US close price: $141.28 / 140,34 € *($139.75 / 138,82 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0067. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +For more info check out our Official Telegram Announcement at https://t.me/puli_inu_announcements + +XT.COM LISTING! + +Listing announcement: https://xtsupport.zendesk.com/hc/en-us/articles/6233084896665-XT-COM-Will-List-PULI-Puli- + +XT Exchange listed Puli Token in the Main Zone (Metaverse Category) under PULI/USDT trading pair. + +Upcoming Events: + +The CEO, Christopher Johnson, and three of his team members will be present at Consensus2022 in Austin Texas from June 9 to 12. Come meet the team! + +Additional Support from XT.COM**:** + +XT.COM will be supporting the Puli Community with additional social trading services such as: + +BTOK group building for 3,000 users minimum + +Red packet activity on the Puli BTOK Group + +BTOK banner displays on the discover page + +BTOK Hot Group display for 5 days + +Open trading pairs in BTOK's official group and XT.COM group + +Listing ok Tapatalk + +Description: + +Puli (PULI) delivers simple yet very addicting P2E games supported by a novel NFT system. The first game, Puli Runner, was successfully launched on 31 January 2022. The team has also acquired a gaming studio for the development of future Play-to-Earn games. In addition, the token is supported by Lightspeed Crypto Services, LLC to support mobile game support on Android and IOS. + +The purpose and key features of the token include a 10% Buy and 10% Sell tax that are used to fund aggressive marketing, game development, and stable liquidity. In addition, the asset can be staked on chain for added earnings with instructions available at their website. + +The token has been audited by Coinscope, InterFi Network and Certik. The contract owner has been KYCd as part of the audits. The entire team is doxxed to the community. + +Current Game Status: + +Puli Runner: Released on Android and IOS + +Puli Astro: Under open beta testing with the community + +Puli Degens: NFT-based pixel art RPG Game --- alpha status with a target release date of Q4. + +Additional Information: + +Website: https://pulitoken.net/ + +Blockchain Browser: https://bscscan.com/token/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc + +Whitepaper Link: https://docs.whitepaper.pulitoken.net/ + +LinkTree: https://linktr.ee/Puli_Token +Most of us are going back to our families for Christmas, and are on already high on hopium because of the sudden change in the market. + +I know you want to get back to your family for doubting you and earn some love and respect from your father, but trust me don't talk about it unless they specifically ask for it. + +Why? Well you are gonna sound like a vegan who doesn't shut up about it. Also, when the market crashes again things are going to go back as they were. And if they get into crypto because of you and they lose some fiat they are probably going to blame you for not doing their research for them. + +&#x200B; + +**Things to talk about during Family dinner :** + +* "Hey mom! Nice necklace did dad gift it to you?" +* "Hey dad you are looking fit!" +* "I am thinking about getting a new pet" +* "My college is going amazing, I made a lot of friends" +* "The Economy is down" +* "So how's work dad/mom?" +* "You got to give me the recipe for the eggnogs, it so amazing!" +* "Hey did you watch the new Spider-Man? I love how they created a multiverse out of no where and now so many multi dimensional beings are created throughout the MCU!" + +That should get you through 2 hours of dinner + +&#x200B; + +Thanks for reading! **Merry Christmas and Happy Holidays!** +Nothing has changed, nothing is going on, they have made OTHER changes to the terms. + +If you are on Trading212 then your shares have been lent out from the beginning, they were never truly yours and you have agreed to this when you opened the account. + +This is how they keep trading commission free, ask them and they will confirm this !!!!! + +**I got out of T212 and diversified my broker accounts, you make your own choices.** + +This is not financial advice. + +**EDIT:** Check the date on my previous post [https://www.reddit.com/r/Superstonk/comments/mnl0xz/message\_your\_broker\_today/](https://www.reddit.com/r/Superstonk/comments/mnl0xz/message_your_broker_today/) + +I asked for my shares to be recalled so I can use them to vote and they refused. + +**SHARES HAVE ALWAYS BEEN LENT OUT !!!** +We may be in a generational buying opportunity and the more cash invested now the better. Apart from cutting down on spending, what are you doing to increase your investable cash? For example, I’m selling some old books and Magic cards so don’t need anymore, and I got the Fidelity visa which deposits 2% cash back directly to my brokerage account, I’ll just pay the balance off once a week and get an extra 40 or 50 bucks back. What are your ideas? +I just ran $3000 into GME this which is all I have in stocks, I tried making money the clean and fair way. Was up to $8,000 on Cciv from my initial investment of $2250 then these cuck scumbags announced after Robin Hood closed(fuck Robin Hood btw.) and I woke up to $38/share and took my $2k profit and jerked off with my said tears thinking about $8000. Then I picked myself up and told myself don’t worry about it, there’s more to be made. Now look at this fucking market it’s a red sand desert and GME is the fucking oasis. Here I am now. Either way, why play fair when the deck is stacked so high for the hedge funds and Wall Street. I’m holding, there are two outcomes here. We win and the world is right, we lose and this is not a market I want to invest in because I wasn’t born into a rich family so I’m not allowed to get rich. Fucking yolo, I apologize for my past transgressions GME it is the way. I won’t be drinking any piss, or getting any tattoos, not gonna suck any farts out of my wife’s boyfriends ass.....but I like the stock. +I bought more this AM. To average a little under .94 + +Hold $1.50, $2, $5, $10? + +I’m just surprised there is not a mega thread foe BNGO on here, hence the purpose of this post. + +I bought bc hot sector (genetics+healthcare+testing), result rumors, and institutional investment rumors. + +I think it could be the next solo/uavs, maybe even workhorse. + +What you think? no spam shit... post positions if ya want, and if you are going to hype a stock (that is not BNGO) , at least make it entertaining or an intelligent effort. + + +Obligatory 🚀 + +Update 12/30 12:50EST: this seems to be working out well. $5 or bust? $10 or bust? 🚀 +This started after 1 particular trade where i longed btc at 40k and fully tp at 44k then watched it shoot to 66k like it was nothing. I was upset i didnt atleast leave half of my position run. my plan was if it lost 50 ema on hourly i would sell, but it didnt and i still sold cuz i was happy with my profits/ afraid to lose what i gained. Man it was painful to see it moon after selling. All of a sudden my subconscious is expecting a move similar to that everytime i enter a trade now, thus ignoring my tp's and aiming for the moon. Everytime itll reach a key level of resistance ill say to myself "nah that level will only offer a small rejection then bull flag and go higher" instead of my original gameplan of taking half off and trailing stop according to ms. And this emotion lost me money when i shouldve gained 5x as much. + +Obviously i know what im doing wrong but does anybody have a perspective on this that eases your subconscious/emotion? Ive been trading/learning for 8 months now and things started really clicking for me recently and been profitable until this happened. I would like some advise or perspective that might help it will be appreciated, id rather convince my emotions instead of fighting against it everytime im in a trade. +*Disclaimer: I'm not a financial advisor, make your own decisions. Data from PLTR's latest 10-K. Position: long shares of stock)* + +Despite this appearing to be possibly the worst time to own growth stocks, especially in tech, I think there is still a great opportunity in Palantir (PLTR). The market sell-off has depressed PLTR’s stock price ($21.75 at time of writing) to be currently trading at a 51% discount from its $45.00 high just a few weeks ago. The broader market sell-off creates a unique opportunity to buy shares of a company with leading technology and improving financials. + +If you believe in PLTR’s technology I’m not sure why you wouldn’t want to own this stock right now at these levels. This post will focus more on the numbers and less on the technology (which I do believe to be superior but I’ll save that for a different post). + +When analyzing PLTR on GAAP metrics, the numbers are good, but not fantastic. You must remove 2 things to really get a true grasp of their core business, 1) Q3-20 should be adjusted due to the company incurring much higher than normal costs as they went public and, 2) removing the effects of stock based compensation. When you do this the company’s numbers are actually MUCH stronger than they appear under normal GAAP metrics. From here on, charts labeled “Actual” refer to the actual amounts reported while “Adjusted” refer to those metrics less the effects of stock based comp. + +**Revenue/COGS/Gross Profit**: as pictured in the chart revenue is growing very well QoQ and only saw inflated COGS in Q3-20 (when the company went public - this will be a common theme). + +[Actual amounts with effects of stock based comp ](https://preview.redd.it/uxfwfxd0o8l61.png?width=794&format=png&auto=webp&s=4f4ea699fac42dcafd6a7026761d69857a18f7ad) + +When you remove Stock comp from the mix (as clearly outlined in their 10-K btw) you can see COGS is more in line with its historical trends (see below). You can also see Gross Profit margins improving as well as the company scales (VERY positive). + +[\(COGS in line with historical trend\)](https://preview.redd.it/8kp2605ho8l61.png?width=685&format=png&auto=webp&s=13181cb96b119fc84bc25e2b22f1c567238a6408) + +&#x200B; + +[\(Quarterly gross margins improving\)](https://preview.redd.it/7ayolltno8l61.png?width=857&format=png&auto=webp&s=d50f46e940b15e942dbc4820bcdf0ec537a5ec02) + +Additionally, PLTR has expanded both its Revenue from Commercial clients (21.5% YoY) and from Government clients (76.6% YoY) bringing the split of revenue from Commercial to Government to 44.2% and 55.8% respectively. + +&#x200B; + +**Operating Expense:** when you look at Opex you can see expenses ballooned in Q3-20 as the company incurred additional costs of going public, but when you remove those costs, the core business is much more attractive. (see below) + +&#x200B; + +[\(Inflated Q3-20 expenses due to going public\)](https://preview.redd.it/10jct0dbp8l61.png?width=832&format=png&auto=webp&s=d14f18f3aed6a71da25f0390af734e8a8f83047c) + +When you remove stock comp from the mix we see a much more consistent trend of opex: + +&#x200B; + +[\(Opex after removing effects of stock based comp\)](https://preview.redd.it/adb8557rp8l61.png?width=720&format=png&auto=webp&s=52aecad3f24fe7ce37cd265b95c1f738a131f592) + +It's important to note that Revenue increasing and opex staying relatively stable is having a very strong effect on margins. Just look at opex as a % of revenue (see below). Revenue growth is significantly outpacing costs of the core business: + +&#x200B; + +[\(Adjusted Opex as a &#37; of Revenue\)](https://preview.redd.it/918ibf25q8l61.png?width=815&format=png&auto=webp&s=79a70eb4af78f9d379ed652ef73fd0c0daefd3a6) + +Put this all together and you can see how PLTR's core business is looking strong and just over the peak of breaking even on a non-gaap basis: + +&#x200B; + +[\(Adjusted: Revenue, GP, Inc\/Loss from Ops, Net Inc\/Loss\)](https://preview.redd.it/mr310uohq8l61.png?width=1175&format=png&auto=webp&s=dcf1d150086dc99ab663f34ec64ddc896795e1c0) + +**And Quarterly EBITDA (see blelow):** Growing EBITDA in absolute terms as well as a % of Revenue. + +&#x200B; + +[\(EBITDA by Quarter\)](https://preview.redd.it/kjja0gcuq8l61.png?width=956&format=png&auto=webp&s=809a09e93536849945270e0d4f60db11c9e0559d) + +&#x200B; + +[\(EBITDA as a &#37; of Revenue\)](https://preview.redd.it/9h9pckz8t8l61.png?width=944&format=png&auto=webp&s=1bc89a55ff263fe342bdc8de3ea6a661c78a8230) + +Overall, this company is profitable on a non-gaap basis and is trading an EXTREME discount from its previous highs. Of course rising rates and inflation concerns are something to factor in, but the financials of this company are sound imo and offer a great buying opportunity at this level. If I had spare cash I'd be buying into this weakness. + +Happy to hear thoughts from everyone else. +I was in crypto from 2017 and made a lot of money during the ico craze. My peak was $100k. Lost everything and almost went broke. Mid 2018 had close to $10k. Main reason is all coins went down and diversified into too many shitcoins. Put that entire $10k into a legendary ICO called Bzrx. + +Forgot about crypto and logged off for 2 years. They are such a shitty team that they didn't even list their coin for 2 years. I thought at some point I would just sell it for break even but never went through it. Then, during July last year, these guys finally traded on market. + +They started at 20 cents. ICO price was 4 cents. So, was super happy and held onto it. Then at peak it was worth almost $1.6 and I had almost $420k worth of shit. If I had converted them to BTC or ETHwhich I contemplated back then, I would have had more than a mil right now. I thought it was all good and the coin would go to $3 but then the rekt began. + +1. They fucked up their launch timelines by delaying it for 2 days. I gave them a chance. +2. They fucked up the launch and the product was very bad. I gave them a chance. +3. Binance launched futures for their coin which usually means only one thing. I still held on. +4. They got hacked again and lost almost $8M and recovered. This is when I gave up and sold everything at 25 cents. + +The scar from this will forever be with me. So many life lessons but ill just leave you with this. Things will be better than you could ever hope and the coins price can go higher than you ever think and could be worse than you could ever hope and might go to depth of the ocean as well. Just don't be greedy and take profits and don't be like me. +We are here because we are poor, and we don't want to be. There are, mathematically, only 2 ways out of poverty: increase your income, and/or reduce spending. + +A lot of us came here from r/personalfinance because all they were advising was reduce spending, and most of us are already in monk mode, zero fun mode, life is hellish why do I bother mode. Cut back on spending any more and we'll snap. + +So, my primary advice to anyone seeking help here is: **increase your income**. The best time to look for another job is when you already have a job. Start now. Look passively. Work on your resume. It's an employee's market in the US in general right now. Trades are good. CDL is good. Construction, usually good. Don't be afraid to find something better. + +I know, you're thinking, "that's not specific enough to be helpful to me!" I'll talk more about specifics in later posts, right now it's about a mindset. **Unless you're already making good money, you can't save your way to wealth.** + +Now, here's why pf advocates cutting back, almost exclusively. If you increase your weekly income, say from $500 to $800, you're not really getting an extra $300. First, it will be payroll taxed. Then, when you spend it, there will be sales tax. It may even move you into a higher tax bracket. If you work harder to make an extra $300, you might only be getting $250 of it. However, if you cut back your expenses by $300, that whole $300 is available for your budget now, no tax funny business. + +This is why my advice is be frugal whenever possible, but most importantly look to increase your income until you actually can start saving. And once you start making more, don't spend more! But that's a concern for later. +I have $5k of money to experiment with that I’m using for options. I have been placing long calls and puts but I don’t think it’s a reliable technique and it’s too risky. + +What are some of your favorite strategies for a smaller account? + +Edit: thank you for all the great answers! I am going through them. +I only started thinking about financial independence (FI) when I turned 30. From that point forward I was obsessed with that very thought of being financially free and not having to work for a living. I remember driving to work on weekdays and seeing some people playing a round of golf in my neighbourhood while I was focused on making it into work on time. Now I do understand that not all those people were financially independent, but just the thought that some might have been was enough to get me thinking what it would be like having that freedom and I started working towards it. + +Fast forward about 15 years …and I'm now at the point where I've reached financial independence (44yrs) through real estate investing and to be honest with you, early retirement scares me. I could be one of those people playing golf while watching those people driving their cars going to work and hoping they will make it on time. (full circle, it seems). This is a very short post, and I haven't gone into much detail about it but I've concluded that being financially free is great but it is not everything, I find that it's setting goals and working towards achieving them that makes me happy. Looking back I think that it's the work it took to get to FI that made me truly happy. Being productive and doing what you like, and I also understand that for some people, going to their work as an employee truly makes them happy because they are passionate about what they do. I've heard that this applies to about 1/5 of the workforce and I certainly wasn't part of that group. + +I don’t know why but now that I've reached this FI point, it is not as appealing to me anymore, I don’t have the urge to retire early mainly because I want to set other goals. Perhaps this is retirement if you look at it this way. Doing what you enjoy while not having to work for someone else and having the time and resources to do it. + +Just wondering if anyone of you who have reached FI, and felt this way and what were your conclusions? +I started with 7$ on robinhood and turned it into 600$ through doge coin. I sold and i wanted to start investing in a decent ETF i can let snowball into sort of a 4th retirement fund. (i have 401k, ira, and pension.) I have 600$ in SPHD at the moment since its a monthly dividend earner, but after reading some post i'm starting to doubt that decision. any recommendations? +I’m starting my career and I put 6% (company matches up to 6) of my paycheck into a 401K. Would I be better off putting that into something else? Just really confused about all this and want to set myself up for the future. + +Edit: Thank you all, this seems to be widely agreed upon so that’s great to hear. Older coworker nearing retirement was talking to me about things like IRA and 401K and social security and I was just so confused about it all. + +Edit two: thank you all SO much for helping me understand all this. I am putting 6% into roth 401k, company is matching that. After reading all your comments and researching more myself, I’ve also decided to put money into Roth IRA, especially while I’m at a lower tax bracket. You all have been so helpful, thank you +We're trying to decide on the best way to set aside money for our kids' education. Some things to note: We are 35 and 38, our kids are 2 and 4, and we have a third on the way. We are very fortunate in that we don't have any debt (mortgage, car, etc. are all paid off), max out our 401(k)s, and have enough in savings and investments to not worry about retirement. + +The first obvious choice would be a 529, but I don't want the money to be restricted for educational expenses only in case they choose not to attend college, or win a scholarship (understand you can change beneficiaries). In addition, there aren't tax advantages in our state. + +I was interested in potentially opening a roth IRA but our income appears to disqualify us from making contributions. I also looked into a custodial roth IRA, but it sounds like the kids having their own earned income is a requirement (I've read a little about potential workarounds that could qualify as earned income for toddlers but don't know if we really want to deal with that). + +Lastly, I've thought about a UTMA but am concerned about giving our 18-21 year olds a windfall of cash with no restrictions, although I hope we raise them to be good financial stewards. + +Would love to know what others in a similar position are doing, and if there are any other options we should be considering. +Fellow Redditors, + +Need your help. My wife and I have recently got married and we’re looking to eventually buy. We have a 150K in the bank and want to maximize our returns while we find the perfect home. This may take up 2-6 months. Should we keep it in our savings or are there other safe ways that we can make more money while it’s sitting there? We need this money to be completely liquid in the event we find the perfect home. +**TL;DR:** We can use very basic and well established statistical models (the Pareto distribution) to estimate how many GME shares each Superstonk ape would have to hold in order for us to own all of GME (or an arbitrary number of shares). If we make some ridiculously conservative assumptions, these models tell us that **Superstonk owns all of GME** (not just "the float") **if 50% of apes hold 5 shares or more**. + +&#x200B; + +I'll admit: this may sound ludicrous and counter-intuitive at first, but please bear with me. And stats apes: please poke holes into my argument below. Also: apologies, this post won't have a lot of fancy pictures or memes. I'm both too lazy and to dumb to include those. + +&#x200B; + +## 0. Preface + +You don't know me. I haven't been super active on this sub, mostly lurking. But check my post history: you'll find that my highest karma comment was a few years ago when I explained to the guys on r/askscience that no, cunnilingus does not count as healthy probiotics treatment. Not kidding. But you'll also find that I have a science background. So while I'm not a hardcore statistics person, I'm definitely a data person. Please read this post with that in mind. + +There have been tons of posts and comments in the past about how "apes own the float". There have been so many different attempts to quantify the number of GME shares in retail's hands, but they've all had their issues. Take for example this post by u/TheCaptainCog : + +[https://www.reddit.com/r/Superstonk/comments/mzuodo/final\_update\_superstonk\_users\_alone\_hold\_between/](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) + +Excellent work, based on a survey among Superstonk users (when the sub was still at around 200k subscribers). In fact, u/TheCaptainCog did a stellar job bc they also linked a lot of previous estimates by other users using different methods. + +Later on, there were the fantastic posts by u/Get-It-Got et al estimating GME retail ownership based on Google Surveys, e.g.: + +[https://www.reddit.com/r/Superstonk/comments/omdafo/final\_update\_of\_google\_consumer\_survey\_n2200\_at/](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/) + +Reading these posts and several others should give you the warm and comfy feeling that we very likely *do* own the GME float. However, these posts have been criticised based on their data source: consumer surveys of this kind (either among reddit users or via Google) are notoriously shaky and even if lots of people participate, we cannot be sure about cheaters, as even few outliers can skew our numbers. u/Get-It-Got countered this argument by using extremely conservative bins of ownership (binning all XXX and XXXX+ apes into the 101 share group). + +**However, one other thing kept bugging me about survey-based posts: the distribution of shares owned among apes looked off.** + +&#x200B; + +# 1. Introduction: the Pareto Distribution + +Enter the [Pareto distribution](https://en.wikipedia.org/wiki/Pareto_distribution). You may have read about it here on the sub before, as several apes have tried to deduct RRP contributions using (reverse) Pareto inference. But enough with fancy words. What's the Pareto? Wikipedia says this: + +>The Pareto distribution \[...\] is a power-law probability distribution that is used in description of \[...\] many \[...\] types of observable phenomena. Originally applied to describing the distribution of wealth in a society, **fitting the trend that a large portion of wealth is held by a small fraction of the population.** + +(Emphasis mine). + +In ape terms: the Pareto distribution is the maths way of saying that **in almost all ways of life, very few people own a lot, and very many people own very little**. + +The Pareto distribution applies to wealth inequality (in many countries, the top 1% own 30-70% of the wealth, whereas the bottom 50% often own <10%). But it also applies to natural phenomena, like the sizes of sand particles on a beach (loads of small grains, few big ones), sizes of meteorites, etc. A lot of stuff in nature and in society follows such *power laws*. + +Coincidentally, **stock ownership** is also generally considered to follow the Pareto. So it is a safe assumption to say that GME ownership follows this rule as well. + +&#x200B; + +**Assumption 1: GME ownership follows the Pareto distribution. There are few holders with a lot of shares, and a lot of holders with very few shares.** + +&#x200B; + +Why is this relevant? Because it gives us a very robust, very simple and very time-tested statistical model to estimate how many shares each GME ape would need to hold for all apes together to own all of GME. + +&#x200B; + +# 2. Some very Conservative Assumptions + +OK, this part is fun. To estimate individual ownership, we need to make a few additional assumptions. + +&#x200B; + +**Assumption 2: There are 78M official GME shares in circulation.** + +&#x200B; + +This is the official number of shares after the two share offerings. For the purpose of this thought experiment, I won't bother with estimating "the float", meaning that I won't be substracting insider ownership, institutional ownership or even the mini-whale that is Keith Gill. We'll make the ridiculously conservative assumption that *all* GME shares would be tradable in the even of MOASS – which is of course not the case. More realistic estimates of the true, freely tradable float are 35M-50M (after the share offerings). + +&#x200B; + +**Assumption 3: Every Superstonk user holds at least 1 share. Every shareholder has joined Superstonk. Or in other words: there are 575k total GME shareholders worldwide.** + +&#x200B; + +I know, I know. This sounds ludicrous. There's plenty of shills and bots on Superstonk. On the other hand, there's plenty of retail owners that don't even have a reddit account. We can use survey-based estimates of worldwide number of shareholders or rely on some actual data points (for example, the two biggest Scandinavian brokers report **>40k shareholders in Sweden alone**; go look up the source yourself, I'm too lazy right now). There are many reasons to believe that the true number of retail GME shareholders is way higher than 575k, but we'll go with this number number for now, just for shits and giggles. + +&#x200B; + +**Assumption 4: The maximum number of shares held by any retail investor is 10,000.** + +&#x200B; + +Again, this is almost certainly wrong (even if we ignore u/deepfuckingvalue). Several apes who joined in 2020 have reported holding >10,000 shares by now (some still back at the previous subs at the time), and you find a lot of (credible) comments on here by XXXX holders. + +&#x200B; + +# 3. Maths Time! + +OK, congrats if you made it all the way here. With the above assumptions, we can now start doing maths stuff. The question is this: + +**How many shares does each individual ape have to hold for Superstonk to own all of GME?** + +The answer is, of course trivial at first: + +78M shares / 575k apes = 135.6 shares per ape on average + +&#x200B; + +Oof. Sounds like a lot? You feel a bit nervous because you're "just" an X or XX ape? Well, this is where the beauty of the Pareto power law kicks in. If share ownership were "normally" distributed (following the classical bell shape, where most people are exactly at the average, e.g. like the [https://en.wikipedia.org/wiki/Intelligence\_quotient](https://en.wikipedia.org/wiki/Intelligence_quotient)), then indeed, we'd expect that half of all apes would have to own 135.6 shares (but very few would own <100 or >170). That's of course bullshit. + +The Pareto instead assumes that most apes own few shares and few apes own many (maximum 10,000 in our case, see assumption 4). Given the above assumptions, here's what the Pareto predicts: + +&#x200B; + +* The median number of shares per ape is \~5. Meaning: **50% of Superstonk users own 5 shares or less.** +* The 97th percentile is 1,038: **only \~3% of Superstonk users (\~17.8k people) are XXXX holders.** +* The 88th percentile is 94: **only \~11.5% of Superstonk users are XXX holders.** +* The 16th percentile is 1: **16% of Superstonk users hold exactly 1 share.** + +&#x200B; + +**With these numbers, Superstonk owns all of GME (not just the float).** + +&#x200B; + +Now, I don't know about you, but these numbers seem mighty low to me. For one, I believe that more than 17.8k people worldwide hold XXXX+ shares. But whatever you think: under the conservative assumptions made above, this is what retail ownership of GME should approximately look like to own all 78M shares. + +&#x200B; + +# 4. Some Thought Experiments + +Now we can play with these numbers a bit. + +&#x200B; + +First, let's assume that the float is actually just 50M shares. Under what numbers does Superstonk own the float? + +* 50% of apes own 4 shares or less. +* \~2.3% are XXXX holders. +* \~8% are XXX holders. +* 19% of apes hold exactly one share. + +&#x200B; + +Cool. Now what about owning GME twice over (156M shares)? + +* 50% hold 8 shares or less. +* \~6% are XXXX holders. +* \~19% are XXX holders. +* 12% own exactly one share. + +&#x200B; + +If there are 1M retail shareholders worldwide – when do they own GME (78M)? + +* 50% own 3 shares or less. +* \~1.6% are XXXX holders +* \~7.4% are XXX holders +* 20% own exactly one share. + +&#x200B; + +# 5. Conclusion + +We don't really need data (from surveys etc) to estimate what retail GME ownership would look like under different scenarios. There's very strong reason to believe that GME ownership follows the Pareto distribution, because pretty much everything else in life f\*cking does (in particular stock ownership). Using some pretty conservative assumptions, we can estimate the distribution of individual GME ownership under the Pareto model. I don't know about you guys, but for me, all of the above numbers read like massive under-estimates. + +You see where this is going.... here's some maths-based confirmation bias for you: + +&#x200B; + +**We f\*cking own GME.** +If I decide to turn my primary into an investment after two years and I apply for another mortgage to purchase another primary to live in does the original loan switch to an investment loan? + First time land-lording, so go easy on me :)  + +The area my property is in has coin-op laundry in the basements which seems to be common on other similarly rented properties in the area. I would deem the neighborhood a B class neighborhood.  + +I would like to attract a more reliable and higher caliber clientele and was planning on providing laundry units in each of the units. The electricity would be paid by the tenant, but the water costs will be borne by me, the landlord since the water meter is not split. Only the electric and gas are split. My realtor said to use coin-op so as to recoup the water cost.  + + +When i think of it from my perspective, I would never rent a unit with coin op because I want to be able to wash laundry in my own home whenever I want without having to scavenge for quarters and take them down to the basement every time I wash my clothes. There may be times I only want to wash a small load and not have to wait to fully load my laundry in order to get the most for the coins I'm using.  + +Am i being delusional in thinking I can attract a class A type tenant to my property by providing non-coin operated in-unit laundry? If I do that, could I simply add a disclaimer to the lease stating that if the water bill goes above a certain amount that the tenant agrees to pay the difference? That way I can safeguard myself? + +What are your thoughts/advice? + +Thank You +I want to do an FHA for a 4 unit but for my first investment property, but I'm afraid that going from 0 tenants to 3 ( 4 after I refinance) would be a lot to deal with right away. Should I start smaller with only a 2 unit and get used to being a landlord or just go balls to the wall and get a 1M property off the bat? +Hello all, I'm not sure if this should be in the personal finance sub or not but it is kind of real estate investment specific. + +I'm 31 and have a full-time job making about $85k annually. I have $50k in savings that I'd like to use to invest in my first rental property. However I have $80k in college debt that I'm paying off (5.5% fixed). + +I'm not sure whether using my savings to pay off a large chunk of my loans is better than starting my real estate investment plan for financial freedom. + +I'm looking for advice because I just think it would take me several more years to save up another large sum of cash for a down payment and rehab costs. I'm also used to my loan payments coming out of my check every month, it's just simply apart of my budget. After loans, I still have ample income to live off and contribute to my IRA. + +Thanks in advance. +Guys like CIS turning 30k into 200 million in 10 years. Tim sykes turning 12k to over a million in college. Are these guys able to achieve this amazing figures because of pure luck? + +Based on my calculations, it is possible to achieve 20-30% increase in portfolio per year by careful choosing the best stocks. But even painting a rosy picture of 30% gains annually for 10 years. 30k would turn into 413k, nowhere near 200 million that CIS has or what tim sykes achieve with his time in college. + +I think these stories are gamblers who really used alot of leverage and got "lucky" making it big. Either that or they managed to be lucky in picking a stock that performs exceptionally well like 1000% gains or more and they pyramid it aggressively. + +Thoughts? + +It was said best in this post: https://www.reddit.com/r/wallstreetbets/comments/l6os3d/the_gme_short_thesis_and_how_it_could_backfire_if/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +But let me make it more retard friendly. This all happened because they shorted the market right? What the fuck do you think they are doing right now? How many times do we have to teach you this lesson old man! + +They are shorting because they think that WSB will make their tendies and sell on Friday. Well they are right about one thing, we’re coming for their money, and not just 30%, assholes. + +If DFV can hold, I can hold. 500 is paper hands. 1k is wood. 15k 💎 💎 💎 . But that model is based on today. When we hit 15k, 100k will be the new diamond hands. + +Don’t listen to the bots that will come out saying they left with their tendies. Fucking HOLD to make the real money. YOURE THE shareHOLDers now, our fate is a collective + +Edit: $GME all else is a distraction HOLD FOR 🚀 🚀 🚀 + +TL;TR: These fucks don’t learn and are making new shorts for next week and beyond but they forgot the fundamentals. CNBC asked so here it is: + +* STONKS ONLY GO UP RETARDS +Yes, first of the month is tomorrow and rent is due as well other bills by Friday. Sheesh. I understand why my mom was like as a kid now I understand. Christmas will soon be here. I already know I'm not going to spend a lot. Currently, I'm in nursing school full time and working full time. In two years after I graduate from nursinf school, then ill give my kids a really great Christmas but not now. It'll be decent but not like they would want. +I hear a lot of false ideas when discussing personal finance with co-workers. Feel free to share things you have heard and include a short explanation of the flawed logic if necessary. + +Maybe you will see one of your thoughts on here and learn something new! + + +EDIT 2: Thankyou so much to everyone that has replied, you've all confirmed what I was thinking and given me the confidence to say no without feeling guilty. + +Perhaps you have some advice for him?... +The problem he has is he spent an average of £416 on petrol each month last year. (£5000 over the year). +Which is why switching to an electric car for £270 per month seems to make sense. +The car in question is the cheapest one he can get (All government schemes and financial deals having been taken into account). +Also we don't know that his credit rating is bad, just that mine is likely better than his. + + + + + +They have only asked me as a potential last resort if they are unable to borrow the money themselves due to a poor credit rating. +I have a good credit rating. + +Payments will be £270ish a month for 5 years. +They can easily afford this. +I cannot unfortunately and am just making ends meet at the moment. + +I am worried about what happens in the event they are unable to make the payments due to unexpected circumstances. +I have never had a loan before so unsure how it would work. + +The investment of buying this particular car is thoroughly thought though and financially sound. I agree and understand that it's the best thing they should get. It is not a flippant purchase. +It will save a lot of money in the long run and I will benefit from this and also I will have full use of the car. +I do not have my own. + +I'm not sure what to do to help them. +I trust this person implicitly but a lot can change in 5years. + +Sorry for my ignorance in these matters, I'm very new to this. Any advice would be greatly appreciated ... + +Edit: wow thank you to everyone for replying, it really helps put things in perspective! + +I know I came off as really naive, I just really want to help this person somehow and was considering a joint loan if that was even possible but that doesn't seem any better. + +Just a couple of points for what it's worth: They are great with finances but are self-employed and the accountant has been messing them about this year. + +The £15,000 is for a £24,000 electric car as commuting in a petrol car is costing them an absolute fortune. Public transport is not an option. +Best believe if I have the funds to make this happen I will try to do it. I want to meet all you wonderful Apes, and what better way to meet than throwing an epic post MOASS party at a rented out stadium. + +Throw out some ideas like have sign guy come out and do a Ape news network update, maybe ideas for musicians to hire to perform or whatever. + +Getting excited just thinking about it lol +If anyone could please catch me up to speed I'd appreciate it. I've seen a lot of life the last few months, and multiple lifetimes in the last month or so. + +Unrelated- but, thank you to the gards that pointed out the reason Kenneth Cordele Griffin the financial terrorist often speaks on the crime in Chicago is to swallow the SEO on Kenneth Cordele Griffin and *Crime* + +tyia! +Edit:, it looks as though Market Watch has copied this post: [https://www.marketwatch.com/story/americans-personal-savings-have-fallen-off-a-cliff-how-to-boost-your-savings-in-case-of-a-looming-recession-11666722275?mod=home-page](https://www.marketwatch.com/story/americans-personal-savings-have-fallen-off-a-cliff-how-to-boost-your-savings-in-case-of-a-looming-recession-11666722275?mod=home-page) + +Source: [https://fred.stlouisfed.org/series/PSAVE](https://fred.stlouisfed.org/series/PSAVE) + +It hasn't been this low since 2009. Does this mean that people are running out of money to spend? Hence, we could see inflation slow down now because people can't afford excessive purchases anymore. People have exhausted their covid money and then some. + +The $4.8 trillion during covid was caused by people's fears of the economy collapsing so they saved, stimulus checks, and the lack of things to spend their money on due to stay-at-home orders. + +Also, it's quite shocking to see how Americans are able to spend their money so fast. It's as if people thought the boom was going to last forever and that they weren't ever going to run out of money. The average American can't seem to see beyond the next 3 months. Personally, my savings have actually increased because I didn't believe this boom would last forever. + +There is a theory on inflation that suggests inflation is partly psychological and not based in reality. People and businesses just expect inflation after a while so workers continuously ask for higher wages which in turn causes businesses to charge higher prices. Here, we can see that people actually have less money now to spend than in 2009. To break this cycle, the fed needs to provide an interest rate shock like what Volcker did. \[0\]\[1\]\[2\]\[3\] + +**The main question is: is there a correlation between personal savings and inflation? Another question is if personal savings is now so low, why are people still spending so much? Is is because of their gain in home equity (which is still far above 2019) that is making people "feel" rich?** + +\[0\][https://www.federalreserve.gov/monetarypolicy/files/FOMC20091201memo05.pdf](https://www.federalreserve.gov/monetarypolicy/files/FOMC20091201memo05.pdf) + +\[1\][https://www.ecb.europa.eu/home/search/review/html/inflation-expectations.en.html](https://www.ecb.europa.eu/home/search/review/html/inflation-expectations.en.html) + +\[2\][https://www.brookings.edu/blog/up-front/2020/11/30/what-are-inflation-expectations-why-do-they-matter](https://www.brookings.edu/blog/up-front/2020/11/30/what-are-inflation-expectations-why-do-they-matter) + +\[3\][https://www.imf.org/en/Publications/WP/Issues/2022/08/08/Inflation-Expectations-and-the-Supply-Chain-521686](https://www.imf.org/en/Publications/WP/Issues/2022/08/08/Inflation-Expectations-and-the-Supply-Chain-521686) +Nvidia has been on fire since Meta announce it will invest over 10B into the META field, and Nvidia AI chips will be in high demand. The stock is trading a bit stretched but most people are still holding it for long term and let it run. It is the best semi right now and future as there are a lot of potential for Nvidia to grow. + +update: It reached $300! + +Thanks for the awards. +How the news on media synced up + +How Powell wasn’t hopeful in his speech about the future and markets went down + +How Jobless numbers came out and the initial response dumped + +But here we are again, full force pumping markets and futures like nothing like this mattered +Hear me out - I'm on track to have a £1m pension pot, but my wife is likely to have around £100k in hers by the time we're 58 (she's a lower earner due to working part time etc). This would mean I'd likely pay higher rate tax on pension withdrawals and she'd barely breach her personal allowance. + +Would it be feasible to consider a 'divorce' in order to share my pension with her via a pension sharing order, and as a result make our retirement more tax efficient for both of us? + +Yes, this isn't a serious consideration, but has it been done before? Would it even be legal? + +My pension pot will be so much higher as I currently pay all salary over £50k into the pension to avoid higher rate tax currently - this will stop in 2 years max as my calculations show I'll likely hit the lifetime allowance with standard contributions after this point. +Mark my words. + +For the uninitiated: +Lambo for 45 BTC: https://www.cnbc.com/2018/02/07/bitcoin-millionaires-are-buying-lamborghinis-with-cryptocurrency.html + +2 Pizzas for 10,000 BTC: https://bitcointalk.org/index.php?topic=137.0 +We are quickly outgrowing our tiny 2 bed/1 bath home in the Bay Area that we are renting for 40% below market (been here a decade and landlord loves us). Never expected to last so many years here but we will need to move within the next 6 months. Wife and I are in our mid-30’s with a 1 year old and baby on the way. + +Currently earning $1mm pre-tax, which will drop to $500k in 3 years after vesting levels off. $3mm current liquid net worth. 50% chance we stick around the Bay Area more than 5 years (dreams of LCOL mountain towns). + +So do we find a neighborhood we like and buy while mortgage rates are low and before Uber, lyft, Pinterest lockups expire? Finally settle in somewhere we can make our own even with the changes to property and mortgage interest tax deductions? + +Or do we keep renting a bigger place at market rent with the risk of uprooting ourselves over again? And hope that we don’t have to buy later on at a higher price point? + +Curious if anyone else has gone through this recently and boiled the decision making down. Thanks! +You come downstairs for dinner after a hard day of moon farming, karma has been hard to come by recently but you managed to get a post to hot with 300k upvotes, just enough to earn you 7 moons with new distribution rates. + +You trade the 7 moons for 3 dogecoin, worth about 2000 usd ( inflation really hit America hard ) and pay off this months rent. Tomorrow your children will begin learning the ways of moon farming so they can continue the family legacy. Bitcoin has just hit 100 million dollars, making a satoshi worth a dollar. + +Meanwhile your neighbour is struggling to get by because he holds Cardano but is still waiting for smart contracts like his father before him. + +After dinner you go to bed, thankful that your late mother left 0.01 ether to you in her will , enough to pay off your mortgage and grant you financial security. God bless crypto, you mutter to yourself, watching the space x cyber moon rise over the horizon. +Just wanted to help inspire anyone that feels trapped choosing between a long commute or expensive/dangerous place to live. I am currently commuting in to DC from Alexandria, VA, working for the federal government. Trying to save money, but in two years went from dual income no kids, to dual income one kid, to one income two kids. I’ve got a handle on finances, but I want a home for my kids (currently in apartment) and a home here costs too much of my time (commute), money, or both. In-laws are in Charlotte, NC and I love visiting and the affordability. Has been a long-term goal to move there for a while, but we finally decided we did not want to keep kicking it down the line and end up stuck here grumbling about commute and costs like my other coworkers. +Took a lot of guts, but I told my boss my wife and I decided we were going to move to Charlotte in the very near future to be closer to family. He was surprisingly very supportive, and although we agreed my current position cannot be done remotely, he wanted me to reach out to other offices within my organization to find a job that I can do remotely because they value me and want to keep me. +And now all sorts of opportunities are opening up for me that I had never considered, and I’m going to be moving to Charlotte with a lower cost of living and family to help out, all because I was unhappy and decided to do something about it! If you’re a good employee at a good company, they should want to work with you if you are unhappy. +I am your stereotypical frugal software engineer, more than enough for FI with a SWR of 2.5%. The only thing I need to do is create passive income by either switching index funds to more dividend rich funds or by slowly siphoning off my current funds. + +Now for the RE part, that is what terrifies me. My spare time is spend with sitting behind my computer and browsing YouTube, Reddit and various news websites. I go to the cinema two times a week but I don't have any social interaction as I order my tickets online. Pretty much the same with holidays. In the summer I ride my motorcycle and sometimes my bicycle. If I would go RE that would pretty much be my life. Now I know that you will recommend to find friends, cool hobbies or sports but with my social anxiety I just don't see that happening. + +So, fellow software enthousiast, what do you do in the 40 hours a week that you used to work? Do you do open source projects? Certification? Hobby projects? + +I really want to quit my terrible job but I'm afraid that my life quality won't improve much. +**Data Sources:** + +1. [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) +2. [https://etfdb.com/stock/GME/](https://etfdb.com/stock/GME/) + +**Data:** + +1. [List of GME ETFs & GME Weight](https://pastebin.com/bU9k2j1y) in csv format +2. [FTD Data for 95 GME ETFs & GME](https://easyupload.io/g8h3v8) in csv format +3. [Charts](https://www.file.io/download/WpO7953IsusI) in PDF format + +^(\*Use it but please attribute me in your DD.) + +Notice: The FTD data is shown on a logarithmic scale intentionally so you can see FTD spikes more clearly. If it was visualized normally, you wouldn't see much of the data on the charts due to some ETFs having miniscule amounts of FTDs. This way all ETFs FTDs are visible. + +&#x200B; + +# Part 1 + +https://preview.redd.it/7g0hjq4gpzw61.png?width=2156&format=png&auto=webp&s=d03770d3fde2516c9f805d8c088e4aad8e6c055f + +https://preview.redd.it/o96d6ypgpzw61.png?width=2218&format=png&auto=webp&s=fb5d162fbeb27876343626a1857ebe4e942b0c66 + +https://preview.redd.it/kitpda7hpzw61.png?width=2168&format=png&auto=webp&s=4682a1a124a334ab7a96aaff7ecda866d5116cd5 + +https://preview.redd.it/jrztw6mhpzw61.png?width=2171&format=png&auto=webp&s=a840482e574c74ff7740a73e3dc4e1d2290718d4 + +https://preview.redd.it/6fts0bzhpzw61.png?width=2194&format=png&auto=webp&s=03b3bbdde0317f886de6046832698cc0b4116772 + +https://preview.redd.it/dwzjjhhipzw61.png?width=2222&format=png&auto=webp&s=8a2714a8a9bbb74770543f8d575e9a352c30681b + +&#x200B; + +https://preview.redd.it/hx9a6h2jpzw61.png?width=2222&format=png&auto=webp&s=65a8aca1447faf5a172613f109d66b1bff84ab66 + +https://preview.redd.it/582f2thjpzw61.png?width=2222&format=png&auto=webp&s=378c92efb4516d16a0fc1419c799c7d21f35b6db + +https://preview.redd.it/macng4ujpzw61.png?width=2163&format=png&auto=webp&s=3897f19d9d67f3d7fe7e38e6bbd6a05ff556800d + +# Comments - Part 1 + +1. Gaps between FTDs are NOT weekends. Weekends are NOT included in the data. Gaps indicate days where there are NO FTDs. Wanted to make this clear. +2. This data is from Jan 13 2021 - April 12 2021. +3. Approximately 1-2 months ago, there were 63 GME ETFs. Now there's 95. This shows something fucky going on with ETFs imho. +4. GME FTDs have been quite low for the past 2 months whilst before, since 2018 there have been a boatload of FTDs every period. The last 2 months are anomalous for not having the same amount of FTD activity as the last 2 years. +5. If you require the charts in non logarithmic mode, let me know and i'll make them. + +============================================== + +============================================== + +&#x200B; + +# Part 2 + +[ IWM=Pink, GME=Orange, XRT=Green are the main 3 big colours ](https://preview.redd.it/pqrv36hhrzw61.png?width=2638&format=png&auto=webp&s=55c4a5131a7d28c704e19e7d81b6a3c5e3bff925) + +[ IWM=Pink, GME=Orange, XRT=Green are the main 3 big colours ](https://preview.redd.it/mj73t2xhrzw61.png?width=2370&format=png&auto=webp&s=e8de525d8f32065a3760444e031200a6077d28a4) + +&#x200B; + +https://preview.redd.it/v9uqmmdirzw61.png?width=2638&format=png&auto=webp&s=cca9187f25deb8610382185c36811725cd1be9c8 + +&#x200B; + +https://preview.redd.it/d5tdg8qirzw61.png?width=1381&format=png&auto=webp&s=9d93f99dd2a38cf96bc99823eea797a7cdafe3fb + +&#x200B; + +https://preview.redd.it/iglt366jrzw61.png?width=1451&format=png&auto=webp&s=4a89913a1f4e393ebff68a0f7b588e95ab882cb3 + +# Comments - Part 2 + +1. IWM, GME and XRT are the biggest FTD'ers in the group. +2. This FTD data is from September 2018 - April 2021. +3. Funny how GME can have half the FTD's of the Russel 2000 (IWM) over 2.4 years. + +============================================== + +============================================== + +&#x200B; + +# Part 3 + +https://preview.redd.it/rh2amderszw61.png?width=2180&format=png&auto=webp&s=d84a953d695521b3da23bfc5bee9f35fb1b13f1b + +# Comments - Part 3 + +1. This is a snapshot of Yahoo Finance Option data taken on 13'th of April. +2. It shows how May 7 onwards, the only available option strikes for GME are going to be $390-$430 for calls and $5-$10 for puts. Before it used to be $800 for calls and $0.50 - $1 for puts. +3. The next time we get to see extended call/put strikes is starting July and October onwards. +4. Notice how at the time this snapshot was taken, there was almost NO open interest on May 7 onwards, as if someone knew something or that all bets against GME were expired on the 16'th of April and no on expected it to be alive after this. We might be in the extra-time period of the match. +background + +Due to my grandfather being a museum curator I spent most of my childhood reading and learning about antiques. A combination of luck and hard work and I saved up 200k selling antiques before end of high school. + +The antiques business was great during the recession. I wasn't being responsible with my money(18ish) so my mom basically took most of my money and bought real estate with them. + +I went to college and during it I started my own business, kept my antique store and even started dealing real estate I was working easily 100 plus hours a week and had to switch to a easier major. This was the happiest time of my life even though i was working myself to death. + +Now at age 25, I have 4 rental properties each is earning money monthly. I am being offered to be bought out of my company because I just ran out of the passion for it, it's a good offer. Honestly I currently spend more time on my personal etsy/ebay shop than my actual work. By managing my own hobbies i can probably make almost 100k a year and still have my real estate to fall back on. This Buy out would would likely be enough for me to retire for good. + + +I know it sounds entitled and arrogant but I feel old. I know I am still young but after working 3/4 jobs all the time I feel old and burnt out. I think I am having some qtr life crisis. It sounds stupid even when I say it. I been working less than 20 hours a week and just don't want to work more. I don't know what happened, I used to happy working my ass off. + +I dread and wish to not work at the same time and I feel stressed even when I am working so little. + +My main problem is I want to take a few years off after this, but if I do I'm scared it may make me unemployable when I want to come back. My college degrees are more or less useless and I have never really worked for people. I don't know if I will be able to start another business myself if i take too long of a break. + + +TLDR Being bought out by company, it will be enough for retirement. Only 25 but feel old and burnt out from 10 years of non stop 100+ hours work weeks. + +Has anyone sold their business and taken years off but went back to work again? I don't think I can be happy working for someone anymore especially after years of adjusting myself to be a "Boss" and think like one. I feel less confidant than i was when i was 16. + +Edit: Thank you for all the advises. After talking to so many people I decided I'm going to take a few weeks off first before making any decisions. Go somewhere and cool to escape the summer. July is a usually a slow month anyways. + +A short attack, fud on the news, AND shilling here? All at once? + +Hedgies, you dumbfucks. You’ve been doing the same lame trick for months. Remember post earnings call when apes bought through that attack? Remember apes holding on the March 10 flash crash? Apes aren’t fucking scared of you tool bags. + +But you are terrified. You’ve spent an ungodly amount of money on a fear campaign. You’re about to lose everything. + +So keep running around with the boogie man mask. You are a fucking joke in a cheap suit and we’re laughing at you. + +Edit: Hedgies, I’ll share a secret with you. Come back to this thread tonight at 6pm. Hint, it’s why we are laughing. + +Edit 2: Welcome back Hedgies. I promised you a laugh. What do you get when you cross a msm fear campaign with a red light savings deal on GME? You get a higher percentage of Diamond handed apes. You dumb dumb dumb assholes. You just pushed away the weak. Do you know who is here laughing at you right now? It’s millions of furious apes who have sold nothing. There’s no one left to paper hand. You fucked up the fear campaign so god damn badly that now all apes know to just keep waggling shares above your heads as you jump for them during the squeeze. You’ve been bungling this for so long that apes have figured out all of your moves and become immune to your tactics. Hell apes predict them now! Apes are now possibly the largest decentralized network of people on earth who all understand exactly what makes you tick. Like Dr. Frankenstein, the monsters you created shall be your undoing. T.G.I.F. - Ticktock, Griffin Is Fucked + +Edit 3: there you go hedge fucks. 1500 apes say go shove your FUD up your ass. Now pack up your office and dust off your resume. +Ok retards are buying it with this stupid pumping of this stock with the fantasy of this becoming the next afterpay of SE ASIA? + +For people who actually that thick, can take a step back. Look I know deep down alot of you on this thread are on stock. But fuck you with your stupid 400% gains. also that guy that has been buying up JXT and constantly mentions it on every thread, daily. You know who you are... Fucking well done holding and making gains. + +Ok back to real discussion, I am just typing more nonsense now because many of you skim this shit anyway I am going to post some of the real competition that IOU has to face before even trying to have slight marketshare. Don't even mention the Easystore deal, wtf is up with that? they have like 40 other payment platforms. + +Ok first up on the list is Grab pay. Oi, so you think these boys at Grab, which is backed by fucking softbank. You think they are not sussing what the western market trends are every couple weeks, to see what they can move into SE Asia? Well. you honestly think Afterpay BNPL is an invention from downunder? probably. Could be, but that's not the point. + +**GRAB** + +Ok if you fuckers ever went to Bali or any other country like Thailand would know what a gem this little fucker of an app it is. for it's ridesharing and ubereats style deliveries to your apartment. Well they also do payments with the app, as in countries in southeast asia use it to pay for services. + +Ok so why am I rambling about Grab? Well. + +Grab has introduced something called GRAB PAYLATER I mean why would you even bother, like it's like trying to, why even bother. Grab dominates SE Asia with all these services. think amazon but. Grab is like what you use in SE Asia. + +https://preview.redd.it/sieqhdd32vh61.png?width=2858&format=png&auto=webp&s=c8db87a86f143e43a091ac1b608e01c7c80edcbd + +This is an important photo click on it if you cant see it because you're probably in the toilet scrolling. + +Also Atome, another player in the BNPL in SE Asia + +https://preview.redd.it/but8ekpg2vh61.png?width=2858&format=png&auto=webp&s=6d6ee0b1b4c5eef0da1de2e0098d663790aa3c0f + +Like in summary, if you're thinking the SE Asia doesn't catch onto trends and are like 5 years behind. that's straight up not cool. + +Split also another player in SE Asia. + +https://preview.redd.it/8jh3kym93vh61.png?width=2858&format=png&auto=webp&s=c5253958301c27f2aee260e6c54cd086c5d07744 + +Also + +https://preview.redd.it/zetclqli3vh61.png?width=2860&format=png&auto=webp&s=7268e482fa05f519ad7baab7292361cafbd85f8d + +Easystore has over 40 payment gateways? so wtf is this massive pump over this announcement like big deal? straight up wtf you think they are going to take like 4% market share and make revenue I have no idea how some of you predict the potential of this company. But Grab. Remember it. they will not give anyone a chance, + +This is my DD in why I think IOU is retarded, and why entering this stock now probably will get you burnt at the current SP. + +Again you are the retard do as you wish. I am not a financial advisor. Also Asic if you are ready this, why on earth are you reading this lmfao? + +If someone can prove me wrong I will but $1000 on the dildo stock DLC, like with a proper analysis on why they are so bull on this company where I am yet to see an app with ratings and downloads on? + +Yes I know it's 3am and it's past my bedtime. +TYR (Tyro) caught my eye recently and I've been working through my personal DD today. For those not familiar, Tyro does point of sale terminals and small business banking services in the Australian market. They are in 5th place after the big 4 in the sector and have been growing at about 25% for 4 to 5 years. + +The company listed on the ASX in Jan 2020 and as of today has a market cap of $1.76B with about 499M shares at $3.50 per. They dropped to about $1 flat in March but have since recovered, and have traded as high as $4.49 shortly after listing. + +My work today has been primarily based on the 2019 Annual report and the 2020 HY update, particularly the financials. I'll use approximate round figures in the following sections to keep things simple, but you can look up the actual numbers if you want. + +So, the 2019 report has four years of figures going back to 2016, and we can make some projection for 2020 based on the HY report and Tyro's continued publishing of trading updates in recent times. It looks like they might not hit their 25% growth this year but they will still grow, and I will give them the benefit of the doubt by just doubling the half year results to get approximate 2020 numbers. + +These numbers show that TYR has been losing increasing amounts of money every year for five years as they grow (which isn't by itself a problem, but we'll get to that). Below are the most important figures, rounded off. I've rolled some things up and I had to do a little jiggery-pokery with things like 'total expense' because they aren't actually listed in the report, but the numbers are close enough. + +**Operating Financials 16 / 17 / 18 / 19 / 20 (~2*hy)** + +Revenue: 96M, 120M, 148M, 189M, ~ 234 + +‘Direct’ Expense: 49M, 64M, 79M, 106M, ~134 + +'Operating' (Other) Expense: 49M, 73M, 87M, 103M, ~134M + +Total Expenses: 96.7M, 134.8M, 165.1M, 207.5M, ~268M (after tax) + +Profit/Loss: -0.7M, -14.8M, -17.1M, -18.5M, ~ -34-38M (after tax) + +**Assets 16 / 17 / 18 / 19 / 20(hy)** + +Cash: 82M, 24M, 28.5M, 24M, 106M + +Other Current Assets: 39M, 70M, 42M, 53M, 94M + +Non Current Assets: 21M, 45M, 68M, 71M, 77.8M + +Total Liabilities: 12M, 20M, 32M, 55.5M, 75M + +Net Assets: 128M, 119.3M, 106.7M, 93M, 202M + +The things I most want to draw your attention to are the growth trajectories in revenue and expenses and the changes in cash position. + +First, you need to understand the two expense categories. The 'direct expense' (the term used in the reports) is the costs directly attributable to generating revenue. The 'other expense' category (the reports use 'operating expense) is everything else and in this case includes staff costs, marketing, contractors, depreciation, costs related to the IPO etc. For some companies as they grow the cost of generating revenue also grows in sort of a fixed ratio, but they outgrow their 'other expense' category (or it grows at a slower rate) and they start generating a profit. In the case of Tyro both expense categories have been growing at steady rates, there is no 'outgrowing your overheads' effect in evidence. This is basically the effect I was looking for when I started the DD in the first place. + +Revenue has been growing at about 25% YOY, Direct Expense at about 30% (but it is only half the size of revenue), and Other Expense at about 20% (for recurrent cost elements). The problem is that if you assume these growth rates continue into the out-years there is *no path to profitability*. They will lose more money this year than last year, then more money the year after, etc. + +This scenario is unrealistic, there no basis to assume that these growth rates will stay the same. However the fact remains that Tyro needs to massively change the ratio between revenue and operating/other expense in order to turn a profit. They can't really improve on the direct expense side as far as I can tell, and in fact their revenue to direct expense ratio has been compressing. + +Now take a gander at the cash position. The cash figure was getting pretty small compared to the annual loss figure in 2019 just prior to the IPO, then the IPO drastically improved the situation. It looks to me like Tyro *had* to raise money somehow as of 2019 to continue operating without running dry, and an IPO was the way they chose. This also allows them to continue growing, but if it hadn't been an IPO they would have had to take on debt or slash costs. You do have to take the other current assets into account to some degree, but those assets are not necessarily free to be treated like cash. + +Tyro's strategy is to continue revenue growth through market share and expansion into new product lines. You can find this in their prospectus and it makes sense. They have about 5% of the payment terminals and process about 3% of total CC payments in Australia, so there is room to grow, though it is surprisingly difficult to find this information (it requires wading through lots of noise). They have also been steadily growing their merchant banking services such as loans, deposits and accounts. I can see them continuing their revenue growth for a few years yet, even with COVID, but it all comes back to that 'Operating Expense' line on the financials. If the company is going to generate free cash it needs to stabilize operating costs at some point. If this is something that has been discussed in the company's publications, I've yet to see it. If it is there but it certainly isn't highlighted. + +If I run projections at the current growth rates the company blows through it's remaining cash in 2-3 years, just like it did before the IPO. Look at the valuation near the top of this post. It is $1.5B in excess of net assets. That is the risk weighted valuation of future cash flow to current owners. Even if Tyro somehow constrains the rate of growth of operating expense *while* maintaining revenue growth and starts turning a profit in 2-4 years, there is no realistic way I can justify that valuation. They would need to do better than a 10% growth in operating expense next year and every year thereafter to turn a profit before they burn through their cash, but still that wouldn't be enough to deliver the size of cashflow needed to justify the valuation. For that, I'm guesstimating they need to maintain revenue growth for 8 years while cutting operating cost growth to less than 5% YOY. (This would put their market share on par with the big 4 at the end of that 8 years). + +Obviously this is all crystal ball gazing, but it provides a rough gauge for what the market needs from the company to justify it's valuation. I just don't see it happening that way. I will note that I would reconsider this position at the $1 valuation from March, *if* there were signs that the company was working on those operating costs. As a parting shot can I just say how bloody useless and misleading the 'gross profit' and EBITDA statements in the TYR reports and prospectus are? No, company, you did not make money, you lost money. + +Maybe I'm wrong, maybe I just don't understand the sector, maybe the CEO had an interview where they outlined a plan to cap costs. Educate me. Otherwise take from this what you will, personally, I won't be touching Tyro with a 10 foot pole. + +**TLDR:** Company burn cash faster than company make cash. Company has no plan to change what doing. Company bad. +BRN is pretty hilarious with some of the scenarios people come up with for the amount of revenue it will be making "soon", e.g: a brainchip in basically every device known to man/random attempts to link it to Tesla that make no sense + +EM1 looks like a bunch of people stuck on the bottom rung of a pyramid scheme + +RMS was funny to me with people talking about how world governments are soon going to be completely getting rid of cash and therefore gold price will skyrocket + +what are some other of the best cesspits of delusion on HC? +# Company Overview + +Blackstone minerals is a metals development company. It primarily explores for Nickel, Cobalt, Copper and Gold deposits as well as group elements. + +It has 2 mains projects: + +· Ta Khoa Project (90% ownership) – a Nickel-Copper PGE Project located in Hanoi which includes an existing modern Nickel mine currently under care and maintenance after successfully serving as a Nickel mine between 2013 to 2016. It is also conducting **definitive feasibility analysis** on the potential of expanding its downstream business to process Nickel Concentrate into the precursor for NCM used in EV batteries. + +· Gold Bridge Project (100% Ownership) – located in Canada with potential of becoming a cobalt belt. Initial survey suggests there being many Copper-Gold-Cobalt target at the site. + +# Business Model of Ta-Khoa Project + +· Ta-Khoa Project will rely on Nickel Concentrate feed from its upstream business as well as other stock suppliers like Trafigura. + +&#x200B; + +https://preview.redd.it/l09cew781v981.png?width=876&format=png&auto=webp&s=7a755b010b4c0b2599dee017dbca0f6fe0c07df2 + +# + +https://preview.redd.it/ob41qh9a1v981.png?width=904&format=png&auto=webp&s=e054c205adf9f0f30b5109846bd8797303bd842d + +# Investment Thesis: + +**1.** **Operating in a Growing Market** + +The company *which is looking to produce the precursor to NCM 8:1:1* is well-positioned to capture the growing demand for cathodes with high Nickel content. This is because Nickel has been proven to increase battery life in EV vehicles, with expectations that the chemical ratio will soon shift from NCM 1:1:1 to NCM 8:1:1 or even NCM 9.5:1:1 (which is then mixed with lithium to create the cathode used in EV batteries). However, most producers stop at the concentrate level (the step before the precursor stage), offering BSX a first-mover advantage. BSX also operates in a favourable environment with a supportive government, access to low-cost renewable hydropower and low wages. Additionally, most major cathode producers currently have spare capacity or are looking to increase their production capacity. + +&#x200B; + +https://preview.redd.it/00vcyz0g1v981.png?width=772&format=png&auto=webp&s=6942059760a54e5d71b3b3ee50d8f0f31171b9c6 + +**2.** **Positive NPV after the PFS** + +Base case NPV of 2.01bn and Spot case NPV of $3.51bn. This represents >10x of its current market capitalisation (\~250m) and is ignoring its Gold Bridge Project. Therefore, the market is viewing this company as if the downstream business will not be built at all. + +Key milestones: DFS, commencement of phase 1 and phase 2 pilot program of the downstream business which itself will also generate cash flows. + +&#x200B; + +https://preview.redd.it/zd7fe1wg1v981.png?width=904&format=png&auto=webp&s=65a8bde01713b3b7857a089858ed1252d1acb7c0 + +**3.** **Many Potential Downstream Clients** + +BSX has relationships with many downstream market players, including EcoPro (a cathode business) who has investments in BSX. BSX also has relationships with Trafigura who will provide some of the Nickel concentrate feed to BSX. + +BSX is also geographically positioned next to VinFast, an automotive manufacture looking to expand into the EV industry as well as the rest of the Asia market in general, including Japan, China, and South Korea. + +**4.** **Circumvents Tariff and Nickel Price Risk** + +The downstream market is unaffected by the Nickel price as it is a margin’s business. It will purchase Nickel at 75% of the spot market price and sell the precursor at 120-140% of the Nickel metal price. The only benefit is if the spot price of Nickel increases as that means the Nickel from its upstream business is worth more. + +BSX circumvents the issues of needing to pay tariff on exported concentrated through its downstream business (there is a tariff imposed when exporting concentrate). + +# Risks + +· Funding: + +o Typically, the biggest challenge for projects like the Ta-Khoa project is being able to secure funding. However, the MD suggests that this is not a concern for BSX. BSX will look to secure JV and **practice share dilution** to raise capital. + +· Result of DFS + +o Will require results from DFS to confirm the financial viability of the project. The technical aspect of the process is less of a risk as it has been around since 1960. + +# Timeline + +&#x200B; + +https://preview.redd.it/ld3ec6bi1v981.png?width=904&format=png&auto=webp&s=ca6b3dbc36e65a636199495ffc49442cbf3f2883 + +# Catalysts + +· Results of the DFS is positive and echoes the results of the PFS + +· Success of the pilot program + +· Securing a JV partner or the funding necessary. +I currently own 3 units, and I want to pull out $150k of equity to start acquiring more property. + +I'm finding that this type of loan has a large cost (points?). Is this pretty common or is it the uncertain environment driving this? + +Also, any other tips of advice when shopping around for this? Any thing else I should be asking? + +Thanks! I'm a noob. + +&#x200B; + +UPDATE: + +I spoke with a mortgage lender specialist local to my market and was quoted $12k closing costs with a 4.625 rate. That was to access $65k of the $250k equity in the property. OUCH! +Hi, I have two properties with (4) independent income streams and I was wondering when and if I should transition the properties into a LLC? Is it advised to create a separate LLC for each property, and will it reset my 10 mortgage rule for down the road? + +I was planning on acquiring two more investment properties this year and next year and was just hoping for some advice. +Hi, I have two properties with (4) independent income streams and I was wondering when and if I should transition the properties into a LLC? Is it advised to create a separate LLC for each property, and will it reset my 10 mortgage rule for down the road? + +I was planning on acquiring two more investment properties this year and next year and was just hoping for some advice. +First time investor looking to buy a rental property in the next 6 months. Someone recently brought up an interesting point that if you buy when the market is high and a recession happens you may have to decrease rent to retain tenants and that may not meet your mortgage amount. I feel like thinking about this would make you never want to get a property, but I imagine experienced investors who've been through recessions have a good formula for this. +This is a highly rated company in the area. Those are the major categories, management fee = 8% monthly rent, a month rent to fill vacancy, 10% service fee on any repair, including the big ones that involves insurance claims, and late fees go to them. My question is 10% service fee sounds unreasonable, isn’t the monthly management fee what I’m paying them to manage those repairs? And the late fees go to them seems odd. +I was just approved for a $325,000 HELOC through PenFed on an investment property. I will likely get the funds within 60-90 days. The rate is 4.75% (1.5% above prime), first 10 year interest only option, then it goes to a 20 year fixed. I currently own 2 houses (one primary residence and one investment), my wife and I have no debt besides our 2 mortgages and now this HELOC. + +I would like to buy a triplex or fourplex, somewhere in the midwest (Ohio, Michigan) or perhaps Little Rock, AR. I would like to try to BRRR remotely, as I live in the Seattle area. Is this feasable? Or should I go for something more turnkey? + +Regarding the HELOC - I would use it to buy a property outright for somewhere around $100K - $150K, and then use some of the remaining funds for renovations. Then, I would do a cash out refinance, get a 30 year fixed mortgage and repay the HELOC and repeat. + +What would you do if you were in my shoes? How would you approach this differently? Thanks. +I got a broker to get me a mortgage offer but I'm not going to need a mortgage after all. I'm not contracted to pay the fee but the broker expects me to pay them. Its a 1% fee and is over £1,500. Is this reasonable? +Hi UK personal finance, +I was gifted gold coins and an uncertified gold bar worth approx £80k in France recently but would like to find a way to either sell them in France and send the cash back to the UK or bring to the UK and sell for cash here. Absolutely no idea how to go about this...does anybody know what I can do or who I should speak to for advice? + +Would love to find a way to convert it into cash to then invest appropriately...I imagine that may mean losing some of the value and/or paying some sort of tax (customs, capital gains, income, no idea) + +Thanks in advance, a bit bloody confused because of them being in France and wanting them in the UK! + +What would you do? +**ACAB — Against Corruption and Brutality** + +**You can’t arrest or brutalise a blockchain, even if they try!** + +**A**mazingly low market cap + +**C**harity focussed coin + +**A**lready primed to moon + +**B**rand new project + +**• Market cap: $1M** + +**• Holders: 159** + +^({at the time of posting}) + +Tokenomics +=========== +Liquidity [locked](https://unicrypt.network/amm/uni/pair/0x7f0f5439c3e07970ce25c8c03e1d48d08af78c62) — 15 ETH for **1 year** + +Toal Supply: 10,000,000 + +3.6% fee split sent to the following: **1.2% to charity, 1.2% returned to holders, 1.2% burned**. + +Project Plan +============ + +This project just released on ERC20 and it’s focus is to make us some crazy gains and bring awareness of the imbalance of power government branches have over citizens like you and me. Brutality and corruption effects everyone and doesn’t care who you are or where you come from. + +The SEC want your crypto money, the government want your obedience, and the police want your unquestionable loyalty. + +The project website states: + +> Around the world, police departments detain, beat, and murder innocent people every day. It’s time to stand up for ourselves and fight for change. + +The project has already given its [first donation](https://imgur.com/gallery/88sklcf) to Center for for Policing Equality, transaction ID [here](https://etherscan.io/tx/0xbb313cafce6871adc83a20fa6bcea6533dfc9207f078360fee2ebb3812ae2243). You can find more information on this charity [here](https://policingequity.org/). They seek to address and combat policing inequality and corruption. + +Overall this is a legit project that aims to fight police corruption and brutality around the world, as well as other forms of oppression and state violence. + +They have plans (and connections) with big hip hop artists and have plans to produce memorial NFTs created by independent artists that pay homage to victims of police and state violence. + +I can’t wait to see where this project goes, super interesting and the devs are on the cutting edge of crypto. + +Token Links +========== + +[Website](https://acabtoken.org/) + +[Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0xF754620784E797f3681F9f295b2528455D2fC0d0) + +[DexTools](https://www.dextools.io/app/uniswap/pair-explorer/0x7f0f5439c3e07970ce25c8c03e1d48d08af78c62) + +Social Links +========== + +[Telegram](https://t.me/acabtokenofficial) + +[Twitter](https://twitter.com/AcabToken) + +[Instagram](https://www.instagram.com/acabtoken/) + +[Facebook](https://www.facebook.com/ACAB-Token-103559985193613) + +Let’s make gains and fight society’s pains + +♥️🖤✊💜💚 +First of all I want to preface this and say that I know *actual* yield chasing is bad. As in, throwing money in to a losing business that offers too high of a dividend for it to be sustainable. Of course that’s a bad idea and people need to watch out for that. I’m new to this group but in other communities this term seems to get thrown around quite a bit. + +It seems like people think all high yield dividends are bad because of this… Or they mistakenly call it yield chasing. + +To me it seems like if that’s what you have to do to get started, that’s okay. Why would it be a bad idea to get some good monthly or quarterly supplemental income from stocks that might not grow very much or very fast? It offers a predictable income which you can save up on and put into better growth investments. People who are in to dividend growth investing warn against yield chasing, rightfully so, but if it’s not a losing investment overall, this seems like a perfectly reasonable place to start. Even if it doesn’t match the long term growth overtime benchmarked against SPY or have very much growth in general. +I don't get why everyone's panties are in a twist. If you want to maintain your dividend yield just sell the new shares (in warner/disc) and reinvest them back into an appropriate dividend stock (or AT&T if it has a depressed share price and thus higher dividend yield than expected. Might be a slight difference, but overall the change shouldn't be too drastic, right? + + +Plus, the new dividend will be safer, more secure, and in a company that is actually investing in a stable growth strategy +TL;DR: **More than 100% of the float shorted -> HF buys a share -> gets canceled against a naked short/synthetic share -> People diamond hand -> Infinity squeeze** + +If there are more shares in existence than are supposed to be, a short squeeze is the closing of positions already sold, not the actual trading of stocks. They're buying shares to deliver to transactions already made in the past, not buying then selling. What has to happen is they then have to convince someone who purchased the stock long ago (but they just now delivered on) to then sell *back* to them, so they can deliver to someone else who purchased the stock *also* long ago. Then they have to repeat that until only 73M shares exist. + +The big and important issue is what happens if you have 74M shares that are locked (either institution, insiders, or diamond hand retail)? You cannot close out the remaining 1M position ever. Now in that situation, I can imagine them just ignoring the extra 1M FTDs (especially considering they've been cruising with potentially 100s of millions of current FTDs). But if you have 150M shares that are locked, because retail owns 100M and 50M are locked by insiders and institutions who won't sell (or can't), it gets hard to ignore 77M shares during a margin call/reconciliation. That's what creates the **infinity squeeze**. + +An easier way of thinking about it is if the SI is over 100%, they're not even buying shares; they're paying us to close out our positions. If they have an open short position of 100M shares, then every time they buy a share it lowers their open short position, and they don't get a single share until their entire short position hits zero. It's like they took out a loan but the interest rate is 10,000,000%. + +# But then you might think about it and say something like: + +SI Might be over 100%, but some of the current owners of real shares will sell into that escalating market during the squeeze. And that means real shares will be circulating as well as a lot more fakes. Millions of real shares, probably, since not everyone or every institution is going to diamond hand. + +If that's the case then it's *still* possible for them to buy, cover, the lender sell his newly covered shares, and the shorts buy and cover again. The deeper they are short the less this will matter, but it surely, inevitably means two things: + +1. They **can** cover without buying every single share available in the market no matter how short they are +2. In which case, **the most expensive shares won't be traded**, and those people will end up being bagholders + +If that's still correct, despite the > 100% short scenario, then **we can't just set a price and guarantee we get it.** + +# Let me explain + +You are correct in that SI doesn't matter, but it matters what portion of SI% is diamond-handed. That's why retail ownership is such an important number (if we consider retail as diamond handing for a while). Don't treat any individual share as real or fake. They aren't flagged as such. In the aggregate there are 73M real shares and X total shares, and there is nothing to differentiate the real or fake. The equation is simply that shorts must reduce the number of shares in the market to 73M. If there are 200M shares in the market, shorts must buy 127M shares to reduce their short position. Of those 127M shares, if any are "re-traded" then the short position nets to zero and remains open (someone else takes the position.) + +On a firm by firm basis, if you have a short position, when you rebuy shares, they either go back to who you lent it from (the borrower), or they close an IOU (a naked short position, which is like borrowing from the future or borrowing something that doesn't exist). + +In the former case, the borrower can then sell you their shares (now shorties are buying twice) so you can cover other borrowed shares or naked short positions. But in the latter case, the share isn't being returned: it's closing out an IOU position. That share simply disappears from the market. + +**The important part is that at a firm level, you can close out short positions with synthetic shares, but on a macro level, using fake shares simply shifts the short debt to another firm (whoever sold the naked shares). So on a market level, it nets to zero.** + +The theory is that if retail has over 100% ownership of GME, theoretically if no one sold, shorts could never close out all their positions. Shorts can buy from institutions, but after all that buying, if retail owns 150% of GME shares, they can't close the remaining 50% of excess, because they've already exhausted the institutions and insiders. + +Is this the case? We don't know, but the higher the SI%, the lower the tradeable float, and if 74M shares simply cease to trade, then the tradeable float, for all intents and purposes, is zero. At that point, they're simply closing IOUs in the aggregate, (buying them back) from anyone who sells. + +The ideal situation however isn't having only 1M over the max shares locked, but more. Shorts will have to get close to 73M shares remaining in the market when all is said and done, so if diamond hands can even secure 50M shares, it makes the squeeze last a lot longer. If diamond hands secure over 73M shares, it means it's impossible to close the position, so they'll need to keep offering higher prices to convince people to sell. If diamond hands have over 100M shares, it's going to cost a lot of money to convince them to sell. + +The more we hold, the more leverage we have over the price. No single party will be able to dictate price, but if retail holds the majority of GME, then when the squeeze comes, retail will have the majority of leverage (as long as the GME SI% is high enough). + +If GME SI% is only 100%, and therefore retail only owns a small portion, we're going to have very minimal leverage. But if GME SI% is several hundred percent, and we hold 50M-100M+ shares, we gain incredible leverage. + +It's not the same leverage as if an institution were to have that much ownership over a company because we're many different individuals, but it is significant leverage nonetheless. + +This is not financial advice, credit to [/u/Gwaak](https://www.reddit.com/u/Gwaak/) +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Not much was gapping this morning, but TSLA made my list. With the SPY running at about 50% RVOL, I looked for a level and pattern with relative strength. TSLA was just that, strength on a weak market, nice level, and nice ABCD pattern on the 5’. + +In the end, it didn’t overcome and resulted in a 1R loss. +Place your puts as Boeing stock is likely to tank due to this news. Airlines don’t want to fly planes that customers don’t feel comfortable flying in and these consistent Boeing airplane crashes shouldn’t be taken lightly. The Boeing name used to be a hallmark brand of quality. Put options apes. + +Callout: Boeing plane that crashed was a 737-800, not a 737 MAX. + +Source 1: [Boeing 737-800 Crash China - New York Times](https://www.nytimes.com/live/2022/03/21/world/china-eastern-airlines-crash/guangxi-crash) + +Source 2: [6 days since Boeing reintroduced 737 MAX in China](https://amp.scmp.com/economy/global-economy/article/3170469/boeing-737-max-en-route-china-first-delivery-3-years-fatal) + +Source 3: [WARNING GRAPHIC - Boeing 737 straight down](https://twitter.com/ChinaAvReview/status/1505834279275999236?s=20&amp;amp;amp;t=4SwtH6agbS-Aq_gR2dlA-Q) + +Source 4: [Netflix Boeing Documentary Trailer - “Downfall”](https://youtu.be/vt-IJkUbAxY) +Before you read the post or skip to the TL;DR + +* I hope you guys like the name I chose for the DTCC/NSCCs "computers" that handle liquidation and covering during the margin calls: **The Omega brrr Cluster** which will likely be a key component of the squeeze that will be what solidifies this event as "THE" MOASS in all of past or future history +* Also, this is not what I would consider "traditional" Due Diligence (DD). + * While this DD is not going into depth on answering questions related to what will happen with GME and why, it is my own due diligence in helping we all ensure we are all exercising our own basic due diligence for the betterment of the community, which is also important for MOASS +* Finally, This goes into some potentially unknown and unacknowledged concepts + * It may unavoidably add to your uncertainty, which may result in some apes labeling it as FUD, but part of the main theme is to acknowledge uncertainty, and learn until you are not uncertain, reducing your Fear, Uncertainty, and Doubt + * There is also a section in the TL;DR around FUD to clarify my views on it + +# After reading the above, continue here or skip to the TL;DR at the bottom + +This post is basically an expansion on a psychological theme of a [separate DD](https://www.reddit.com/r/Superstonk/comments/n6zw24/counterdd_to_the_theory_that_when_dtcc_margin/?utm_source=share&utm_medium=web2x&context=3) I have been putting together that is focused on theorizing how the NSCC (DTCC sub that handles trades for member defaults) when the poor HF or corporation's liquified assets cannot cover the cost of their final bill (such as when the covering of these positions triggers a short squeeze. For the few of you who started following me and are waiting for the "2.0" Version of that DD am planning to post THIS IS NOT THAT. + +>For Context on the DD around when happens when DTCC starts letting the Omega Brrr Cluster go brrr in case you are interested +> +>[1.0](https://www.reddit.com/r/Superstonk/comments/n6zw24/counterdd_to_the_theory_that_when_dtcc_margin/?utm_source=share&utm_medium=web2x&context=3) \- Note that this is not the easiest read, and asks many more questions than it answers. Intention was to dig into DTCC/NSCC's Recovery and Wind-down procedure, report findings, and identify other variables that will factor in to the true peak and pattern of the MOASS so I could build 2.0. +> +>2.0 (still in progress) - Will be more well-written and understandable than 1.0, and is intended to focus on answering questions from 1.0, and figuring out what we can more safely expect or not expect. For example: theorizing price movements and patterns during different stages of the wind-down of this clusterf\*ck that a certain special someone worked really hard to architect within this broken system. +> +>If you don't know who i mean, here is a [HINT](https://www.reddit.com/r/Superstonk/comments/n6zwjc/i_am_become_naked_manipulator_of_markets/?utm_source=share&utm_medium=web2x&context=3): + +&#x200B; + +[This isn't even my final form](https://preview.redd.it/u6hf5dy9i5y61.png?width=261&format=png&auto=webp&s=b3d109e1119b0667645831ccfffcf56eeb80a111) + +>Shout out to u/MrFerno for creating this abomination. + +Now, back to the post: + +This DD is just expanding on the theme that, if an ape believes in something (Like a 10M floor), that ape should know the evidence or logic behind "WHY" they believe in that. The goal here is to avoid [groupthink syndrome](https://en.wikipedia.org/wiki/Groupthink) and not let it take hold in the community. + +# Ways to avoid Groupthink: + +* Always assume that assumptions are wrong + * Theories are inherently based on assumptions (assumptions are necessary to make them), just don't forget about the ones in play +* Question outcomes/conclusions you don't understand + * This is the best way to learn and improve arguments +* Become learned + * Apes Strong Together, but Learned Apes Together Are Even Stronger +* Suppress and route out fallacy with reason (not emotion) + * The point here, is, if you are going to call something out be constructive + * Ape no fight ape + +# The 10 Million Dollar Floor and the Omega Brrr Cluster + +I made this primarily in response to the prevalence of the widely cited "$10M floor" posts and comments that are being presented with definitive language and zero context, which I think can be damaging and misleading to apes here if they get the wrong idea and do not read any actual DD. 10M is certainly possible, but the thesis behind the 10M floor never said that it was unconditionally guaranteed. + +It has also been widely assumed that the DTCC will let the Omega Brrr Cluster settle all trades, and that they will just pray that they, the markets, and the global economy are still in tact by the time the computers are done going brrr. This is possible, but there is nothing saying that they definitely have to go this route when there is a Crisis Continuum ([last DD](https://www.reddit.com/r/Superstonk/comments/n6zw24/counterdd_to_the_theory_that_when_dtcc_margin/?utm_source=share&utm_medium=web2x&context=3) goes into this a bit). Basically, they have flexibility to "un-wind" in a situation like MOASS, so we cannot assume just yet that they will go this route. + +# What is [Groupthink](https://en.wikipedia.org/wiki/Groupthink)? + +**"Groupthink** is a psychological [phenomenon](https://en.wikipedia.org/wiki/Phenomenon) that occurs within a [group of people](https://en.wikipedia.org/wiki/Social_group) in which the desire for harmony or [conformity](https://en.wikipedia.org/wiki/Conformity) in the group results in an irrational or dysfunctional [decision-making](https://en.wikipedia.org/wiki/Decision-making) outcome." -some guy on wikipedia + +Photo from inside Shitadel I took once: + +[Not sure WTF is going on here, but I think you get the comparison. ](https://preview.redd.it/k8obmr8h66y61.png?width=700&format=png&auto=webp&s=0dacf4fd32c1c7f937b6d3b11bc22b6b437a9016) + +For the smooth-brains, the duck in this case is the 10M floor and belief in what the Omega Brrr Cluster will do. Let's say the guy holding the duck has a good reason, the guy behind him is his wife's boyfriend, and the third guy's brain is hella smooth, so he just does the same as the second guy. Guy 4, who is not a smooth-brain, walks in for his first day at he office but doesn't have the balls to ask wtf they are doing so he just claims it is normal and follows suit. By the time guy 5 gets there, even reasonable people would assume there is probably a good reason for what they are seeing, so they add to the train, and by person 6, the situation is fu\*ked and only Guy 1 and possibly his wife's boyfriend know why he is holding the duck. Guys 3-6 are just echoing the behavior. + +I wouldn't be surprised if this part of the reason why hedgies started piling on to short GME without accounting for the possibility that the Apes would be lying in wait, ready and willing to go full retard at the right moment and destroy them. Should have done your DD hedgies, see you in hell. + +# Narrative: + +While finishing my taxes with my financial advisor (below) who was not yet up to speed on the GME saga. I don't remember why I put a hat on him, but here we are. + +[Captain Gubert \\"Gooby\\" \(my advisor\)](https://preview.redd.it/8ilwxlxki5y61.png?width=447&format=png&auto=webp&s=1aad9d490a450b10d72f647cce42acf785355a26) + +I found myself having to explain to him the reasoning behind my near 100% portfolio diversity on a certain stock I liked, so I started showing him the DD to help explain. Since cat brain > smooth-brain, he understood and supported the move. We then got on the topic of price targets. During his own research on reddit he mentioned repeatedly coming across posts about $10M floors, and asked where that number came from. I referred him for DD behind that number, which he accepted, but he brought up an excellent point. + +Conversation for reference (for a laugh): + +>START +> +>\-**GOOBY**: I see that your individual trading account portfolio is 97% concentrated in one stock with 3% is cash? I assume there some kind of reason for this, or are you literally retarded? +> +>\-**ME**: Cuz GME will go brrr from short squeeze. Hedgies are fuk, the cash is for dip." \*gives GOOBY Tablet containing the original [God-tier DD on the GME MOASS Thesis](https://www.reddit.com/r/GME/comments/m4hqkc/gme_moass_faq/)\* +> +>\-**GOOBY**: "Why are you giving me .. ? Oh, you want me to read this? +> +>\-**ME**: "Yes" +> +>\-**GOOBY**: "Do I have to? I can just add a note saying it is because saw a post on reddit, might be retarded, etc., which would make this faster. Remember that my rate is hourly and I do not do discounts." +> +>\-**ME**: "I know. Just read it and send the invoice after" +> +>\-**GOOBY**: "Fine." \*starts to reads DD\* +> +>\-**GOOBY**: "Okay, the DD seems to check out. Hedge Funds do not look like they covered their short positions since the Jan squeeze and have been trying to buy time, Ryan Cohen is improving taking the company to the next level, et cetera. +> +>\-**ME**: "See, told you." +> +>\-**GOOBY**: "One Question. Why are there so many posts talking about a 10M floor" +> +>\-**ME**: "Apes like stonk. Retail owns float. If Apes all 💎🙌, they can set the price" +> +>\-**GOOBY**: "That may be true but is assumes a number of things, like that all of retail has Diamond Hands up to the same price target, that retail definitely owns the float, that other participants or institutions holding do not sell; I can go on. " +> +>\-**ME**: "True. Maybe I will make a post explaining that." +> +>\-**GOOBY**: Anyway, I can finally add the note and we can continue, but before that. I am required to disclose that I have rebalanced my own portfolio based on the GME findings you showed me. +> +>\-**ME**: "Bet you went all in too, bitch" +> +>\-**GOOBY**: "Moving on. But before I forget, I wanted to mention that this Keith Gill person who goes by u/DeepFuckingValue on reddit is definitely a cat." +> +>\-**ME**: "What makes you say that?" +> +>\-**GOOBY**: "Unfortunately, I am not at liberty to go into further detail, as it is classified, but trust me, he is a cat. +> +>\-**ME**: "Why tell me at all?" +> +>\-**GOOBY**: "As a favor back for showing me the buying opportunity to make us even. And here is the invoice for making me read it." +> +>END + +Imaginary conversations aside, we must all keep in mind that the $10M floor is dependent on a number of conditions, one being, but not not limited to, all apes going full 💎🙌. + +Other factors to the above: + +* DTCC/NSCC wind-down strategy + * If MOASS gets far enough and is costly enough to force the DTCC/NSCC to start paying (once the assets they have liquefied run out), they have the flexibility to "unwind" this situation however they want to + * We can theorize, and widely believe, that they will let their computers settle all outstanding trades as fast as possible, liquidating all Hedgie assets and the assets on credit that the prime broker let them buy on margin, unleashing what I call the "OMEGA BRRR CLUSTER" and letting it liquidate and indiscriminately cover at any price until all positions are settled, but there is no language that dictates they use this strategy, especially once NSCC has to dip into its own account. + * The NSCC response to the failed margin call is what many believe will let MOASS being to rip, potentially causing a domino effect, knocking out pretty much everyone still short on GME. "How" they actually respond is up to them, so until they start responding, we cannot say whether MOASS will be a rocket or a slow-but-steady ride to the peak, and even then, predicting the peak will not be difficult. +* Trade activity of market participants not part of the ape community + * Day traders + * Robot traders + * Institutional investors and trade firms + * Etc. +* Current Short Interest + * We know Short interest is insane, but we do not have exact figured on how short the different participants are + * The true short interest (the amount to cover) will influence how high this can go (the more the better) + +These are just some of the known factors, but expect there to be many more, both known and unknown. + +# Takeaway so far: + +Hopefully, what you have taken away so far is that apes should be encouraged to look out for their best interest and ensure that we are not becoming victims of [groupthink syndrome](https://en.wikipedia.org/wiki/Groupthink) (this also is in our collective best interest). Regardless of each individual's price target, we can also benefit from more knowledge. I truly believe that is is important to acknowledge the possibility of the unknown and that you do not have the full picture in a given situation. While acknowledgement of the unknown WILL increase your level of uncertainty, especially if the information is alarming, but once you have acknowledged what you are uncertain about, you can work to understand it and reduce your fear, doubt, and uncertainty all at the same time. + +I am not here to present what I think some of these signals are exactly, as that section of my brain doesn't have enough wrinkles yet. + +🚀🚀🚀🚀🚀🚀🚀 + +# WRAP UP + +🚀🚀🚀🚀🚀🚀🚀 + +My hope is that enough apes will see this and acknowledge the importance of keeping an open mind, and that if apes are going to pick a floor, they should at least have reasoning on why they chose it, and will adapt if circumstances during MOASS invalidate certain theories. What I don't want is for apes to perpetuate the idea of that a specific floor or target is a fact, and I especially don't want to see Ape on Ape action every time one ape disagrees with another apes thesis. We should be excellent to each other, try to be constructive, and remember that no outcome is impossible. + +[That is the Ape-logic equivalent to checkmate to any statement saying that something is impossible. Who knew Audrey Hepburn was one of us too?](https://preview.redd.it/yyfxqo7966y61.png?width=627&format=png&auto=webp&s=9eb595a4c8f9d40e0fe1941b77d3395ae84b6e5a) + +# FAQ: + +***Disclaimer: These are just my opinions and represent how I would answer these questions if put on the spot. My goal is not to suggest a floor/plan or get anyone to change their current floor/plan. Feel free to provide your own thoughts on my answers, but know that these are not the primary focus of the DD.*** + +>Q: Is a >10M a possible peak to the MOASS equation? +> +>A: Certainly. Any number is theoretically possible, however, Ape diamond hands are not alone on one side of the equation (if it was, we could set any price and rocket until the gov steps in or we delete the market), but even if it was, it still assumes that nearly all apes 💎🙌 this, which itself is not logical to blindly assume. I personally am in favor of the Infiinity Squeeze theory, and will be following that until new information confirms the theory is no longer valid. +> +>Q: Is a >10M peak an unconditional guarantee? +> +>A: If you haven't been reading up to this point, No \^\^\^. Anyone who tells you that this is an unconditional guarantee (good intentioned or not), does not have your best interest in mind. Someone with your best interest in mind will generally try to give you the information needed to come to your own conclusion, and may also give you the conclusion they came to based on that. If it happens that all apes come to the same conclusion on their own based on the info they have available, then all the better. +> +>Q: Are we able to currently predict, with high accuracy, what the MOASS will look like throughout the ride from the start to the end? +> +>A: No. The market is already too complex to accurately predict, let alone an event as unprecedented as this one. We need to continue our DD and work on putting together theoretical models/patterns that can explain the many possible price patterns we may see, so that we can construct the true picture of the MOASS in real-time and as more info becomes available. I hope our wrinkle-brains and hone this as we go. +> +>Q: How long will MOASS take from Rapid Ascent->Peak->Descent->End? +> +>A: Due to the rules around trade halts on around extreme volatility, and the sheer amount of shorts % that needs to be covered, it is very likely that MOASS will take days, or even a week to finish in a Rocket Ascent/Descent situation. It could also be a slow-burn (IMO a very +> +>Q: Do I personally have a conclusion based on the information available? +> +>A: **Thank you for the question. When I was a boy in Bulgaria last February, I exercised a GME call option while my account with was in RobbingHood last when the price was \~$330, thinking it would continue to moon**, which soon fell to \~$40. I held, transferred to Fidelity, averaged down my position, and awaited the real squeeze. +> +>That being said, I DO NOT have my own comprehensive thesis or exit plan fully hashed out, as it will be dependent on what actually happens during MOASS, however, I currently support the idea behind the **Infinity Squeeze**. Personally, I plan to hold until Shitadel and the Toxic Market Participants have all been shredded by the **Omega Brrr Cluster** and are bankrupt. From there, i will likely look for the indicators that confirm that the Squeeze is Squoze, pick a floor, and sell once it hits. + +# Notes/Acknowledgements around FUD + +* **I anticipate that some apes may label this post as FUD** + * If you think this post is intentionally or unintentionally generating FUD, know that this was not my goal, and feel free to call out anything that is sus so that I can refine my wording and improve my wording in the future + * If disagree with my own take on FUD and are adamant that this Post is FUD (which is against the rules of r/superstock) I'd honestly encourage you to just report it, and if it in-fact is FUD, the mods will take the appropriate action +* **I plan on writing more DD in the future that will unavoidably generate uncertainty, as it often will go into unknown or misunderstood concepts** + * Know that **Uncertainty** is often just the reality of a situation, but do not confuse this with **FUD** + * It is natural to feel fear or doubt as you learn and acknowledge new information, but it is important to NOT let that uncertainty stick around and cause fear and doubt fester + * Learn more about what you are uncertain about so that you can minimize your fear, uncertainty, and doubt and strengthen your 💎🙌 + * If you have a problem with the content, I would rather fix it and make it unquestionably ape-friendly +* **Things I consider FUD** + * Content that was written and overtly ill-intentioned, and seeks to exploit fear, uncertainty, or doubt in order to generate more FUD in readers and the community + * Content that may be good-intentioned (not clearly ill-intentioned) that presents information that inherently increases uncertainty that is not backed by logical reasoning or guidance and can only really result in a negative impact +* **Things I do not consider FUD** + * Content that acknowledges Fear, Uncertainty, or Doubt, but provides logical reasoning and guidance with the end goal of reducing FUD among readers rather than promoting it + +# TL;DR + +**These are the takeaways I was going for:** + +* **The Omega Brrr Cluster** + * The Omega Brrr Cluster is my name for the DTCC computers that will go HAM once hedgies are failing Margin Calls, and is one of the key factors backing up the 10M floor and the Infinity Squeeze thesis + * This is because it is believed that the Omega Brrr Cluster will Liquidate everything they can buy as much GME as they can at any price + * Keep in mind, there is no guarantee that the DTCC/NSCC will resort to this method, as they have the flexibility to wind-down the position in a way that hopefully does not break the market (More DD to come on this) +* **Be aware of Groupthink Syndrome** + * Don't be afraid to question what you don't know but pursue the answers to those questions and do not let it fester into doubt +* **Be careful about blindly accept that MOASS will peak at or above a specific price** + * Definitive language on floors/peaks in the community that does not acknowledge the conditions that make this possible are most likely detached from the original context of the theory, and should honestly be ignored (remember, know the reason "why" before you support something +* **The final peak is not an unconditional guarantee** + * We cannot know the peak before the peak actually happens + * If you choose to support a particular thesis around a certain price target, I'd encourage you to gain a basic understanding of the reasoning behind the thesis, not just the outcome +* **If you think this post is FUD I'd encourage you read the section above the TL;DR so that it is clear where i stand on it** + * Feel free to disagree, call me out, or event report the post to the mods if you think it is damaging to the apes in the community + * I am always open to feedback + +Edits: + +1. reworded the TL;DR in hopes of keeping the messaging and takeaways more consistent with the rest of the post +2. Removed the smooth-brain edition of the TL;DR +3. Cut a couple sections that detracted from my primary goal, which was NOT to influence, suggest, or debate on our personal floors. +4. Added section clarifying my views on FUD +5. Formatting + +Thanks for checking out the post. And remember, Apes are strong together, but learned Apes together are even stronger. Happy to hear and respond to feedback. +**Please read the details before voting to make an informed choice!** + +During the last month, a number of users were banned for holding "upvote parties" in old threads. These banned users do not have donuts coming to them in distribution #101. + +We had planned to issue a warning to one of the individuals suspected to be involved in this group, Positive\_Eagle\_. We decided to warn this user rather than ban, as Positive\_Eagle\_ had contributed a number of threads and had a good deal of other involvement prior to this incident. + +We later learned that Positive\_Eagle\_ was suspended by Reddit directly shortly afterwards. Positive\_Eagle\_ does still have donuts coming in this distribution, around 100K worth. This poll is to determine whether we should issue donuts to this account or not. + +Positive\_Eagle\_ reached out on another account to offer their side of the story: + +>Hello everyone, this is positive\_eagle\_ , I made this account to put forward my point regarding the latest poll of "removal of positive\_eagle from the distribution" + +> +>First of all i wanted to say a big big thanks to the mods for giving me a chance to put my side of the story. That you remember 24 days back I got in a suspicious upvote party post , here's the link of the post: [https://www.reddit.com/r/ethtrader/comments/p3sdij/the\_following\_accounts\_are\_involved\_in\_an\_upvote/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/ethtrader/comments/p3sdij/the_following_accounts_are_involved_in_an_upvote/?utm_medium=android_app&utm_source=share) + +> +>I presented the case to the mods here and they gave me a warning and gave me one chance , but someone sent that post to r/Cryptocurrency mods on the same day and without any review or research I got a message that I am banned: + +> +>[http://imgur.com/a/sYQvFbO](http://imgur.com/a/sYQvFbO) + +> +>If anyone from that post is here and if you too got banned from r/Cryptocurrency after that post i would be really helpful if you can tell in comments. I told them about the full case and they uplifted my ban. 13 days ago I got a mail from reddit that I got suspended because of circumventing the ban on r/Cryptocurrency and got permanent suspension:  + +> +>[https://imgur.com/a/LM9FaeM](https://imgur.com/a/LM9FaeM) + +> +>So I appealed to the reddit team but got no help/solution from them and still trying to recover my account. At the moment my account is still permanently suspended. I was a genuine participant in the last distribution. If you guys want I can send you the comments screenshots as well as I had helped some people in the chats.  + +> +>I didn't get suspended because of any vote manipulation or upvote party and I'm not still sure how I got suspended because I have got one ban from the r/Cryptocurrency which I got uplifted. I hope you guys will give it a thought.  + +> +>[http://imgur.com/a/pCzv2On](http://imgur.com/a/pCzv2On) + +> +>I always believed that "Community always comes before an individual" and if you guys still feel that i used some false means to get those donuts or I don't deserve these donuts i will happily appreciate it but before that please put yourself in my shoes that do i really deserve this? I was an active participant, interacting with everyone and if someone can come forward that i was a genuine participant of the sub it will mean a lot. I will appreciate mods view on this too. Also i am really sorry for delaying the donuts distribution. + +Afterwards, I reached out to the mods of /r/cryptocurrency to confirm this. They responded: + +>He is not banned. Someone unbanned him when he got banned with the whole crew of ethtrader manipulators. Then he was subsequently temp banned again here for upvote party vote manipulation (I guess before his account was suspended by reddit). I am going to reban him now anyway in case his account does get unsuspended, seems like repeat offender trying to farm karma in any community points enabled sub. + +&#x200B; + +Some notes: + +* Currently, Positive\_Eagle\_ is in the distribution. That means that the 'Yes' option below must meet the decision threshold in order to remove them. If a decision threshold is not met, that means that Positive\_Eagle\_ will remain in the distribution. And of course if 'No' reaches the decision threshold, they will also remain in the distribution. +* If the Yes option wins, the 100K donuts that were headed to Positive\_Eagle\_ will simply not be issued, essentially burned. (There was some talk about should they be redistributed, but after some discussion, it seems best that there should not be a monetary incentive for anyone to vote a certain way on this) + +[View Poll](https://www.reddit.com/poll/plsulc) +Another quote from today to meet the character requirement to post: + +"What we're seeing is that no regulator wants to be the person who kills an enormous economic growth engine in their jurisdiction" + +-Lubin +I just wanted to post Hello message to all great users of /r/ethtrader! + +I've been reading about ETH and crypto for 6 months now (I was total newbie when I started). Today I decide (and did it!) to finally get some courage and buy it. Now I'm soooo happy. No more "damn, I missed that opportunity" or "it was so cheap at the time when I wanted to buy...". + +Thank YOU guys for amazing job on /r/EthTrader which kept me interested and updated in Ethereum! Keep rocking! +Sorry this is just abit of a rant post but I honestly don't have anyone else in my life that cares enough to listen to me vent. + +I'm honestly so sick of busting my ass of all day every day just to be used as a door mat from everyone. No matter how much effort I put into every job I've ever had I never seem to go anywhere meanwhile people who always do the bare minimum go far. I'm sick of wasting my body away to the point where I can't do anything on days off because of all the aches and pains. I'm sick of wasting away the best years of my life to be a slave for a company that doesn't even appreciate the effort I put in. I'm sick of getting paid and immediately having no money left because the cost of living is increasing exponentially while wages are stagnating. + +I just want to be free to be able to pursue my dreams and meet cool people all around the world and be able to help people that are living in my current lifestyle. + +So please HODL for me and I will HODL for you. I'm 99% drsed and I ain't selling a single fucking share until the cost is the same as my phone number. I could literally not be prouder of any group of people on the internet like us Apes. Fighting the rigged system for a better life for all + +Thanks for coming to my tedtalk. I really needed to get this out. I love all my Apes and Apettes ❤❤❤ +On February 19, 2021 Spotify shares closed at a record high of $364.59. The company's market cap was north of $69 billion. + +Today, the stock is trading below $80 a share, down roughly 70% in 2022 and off nearly 80% from that record close. Its current market cap? $15 billion. + +After a disastrous 2022 for investors, Spotify's dive into podcasting raises key questions about the company at large: + +- Does the business model work +- How long until sustained profitability? +- Is the streaming service losing core appeal for the younger audiences, who are the most avid music consumers? +- Has its CEO lost credibility with investors? + +The answers to these questions hold the key to whether Spotify can mount a turnaround in the eyes of investors in the years ahead. + +Full article: https://finance.yahoo.com/news/spotify-stock-2022-decline-what-happens-next-133312247.html +Imagine you went on a one-way trip back in time to right before the Great Depression hit. Knowing what you know now, what would you have done to make money during that period to avoid becoming homeless and miserable and to hopefully actually get rich? +Hello all, + +I come from a very poor family and I was never taught any lessons in personal finance. I have taken some initiative to begin teaching myself using this sub but I was hoping to get some pointers to help get my mind in the right place as I continue to learn. + +*Salary (starting Job next week): 80k in Georgia.* + +*Monthly take home (post taxes): \~$4,777* + +*Student Loan debt: 25k (first payment of $200 due next year)* + +*3-year Personal Loan (First payment due with my first work check): 15k @ 23% interest* + +*Credit Card Debt: 9.5K @ 22-25% interest rate* + +*Cash: 2k* + +*Monthly bills (I live at home for free and will continue to until I am able to afford to move out.): $400-500 for help with misc. bills* + +*Credit Score: 650* + +I am nearly 50k in debt and I am not sure how I should go about attacking it. I also want to begin investing but I am not sure if now is the best time as I have all this debt to take care of. Any advice about what I should do/be focused on right now would be great. + +Thank you! +Hi all! On Friday I was laid off from my manager position at a call center. I was in the position for 7 months and before that worked the front lines for a year. This was due to budget cuts and I can get a few letters of recommendation. + +I made 3369 a month after tax and currently have 2K in savings and just got paid Friday for my first half of time in Feb. Essentially if I take the 1 months pay severance and cash out my paid time off, I will have about $10,500. + +I was also offered a job at $17.50 which is a $12 pay cut with the same company. The company laid off and gave a similar offer to almost 20 out of 150 people. + +What I am wondering is if I should take the offered job from the same company or if I should say fuck them and find a new job and take the package. It will be difficult to find a job at the same pay rate as $17.50 but I also have a bad habit of selling myself short. This is getting kinda long so I am happy to share my work experience if you are interested. It should be noted that my PTO payout will be much less if I take the job while searching for another. + +As far as bills go, I have a car to pay off (my payout could pay it off and eliminate that payment entirely), insurance, and a phone bill. Otherwise, I work for my bills like rent and power as a resident manager. I have a partner that makes good money who is telling me to quit and he is happy to take on the bills while I find a job. We have been together 5 years and plan to marry so I'm not worried about resentment. + + +I'm genuinely not sure what to do. My ego wants me to take the severance package and tell them to fuck off but the logical and scared part of me says its better to have a high paying job than no job or to take such a massive pay cut. Any help is appreciated. +I have the choice between going home to my parents house for the next 6 months and banking about 20k, or spending the time with friends out west and blowing that money on a car (6k), ski pass (1k), and rent (6k) plus regular expenses. I'm 29, I want to do a masters next year, and I have 60k saved up and I make 57k a year. I've got a decent job as a Learning & Development Manager and good career prospects. + +If I stay out west I'll push back a down payment on a home by a year or so, and I'll have to dip into my savings to pay for my second year of school. At this rate it looks like I won't be buying a home until I'm 36. I feel slightly inadequate about that because the peers that I graduated with are buying investment properties already. + +I am much happier out west, I've got an awesome roommate and I know I'll have a great time out here. But I'm having major anxiety over the thought of spending all that money that I could just invest for the long term. I already did a 16k Europe trip a few years back and I feel like I'm indulging too much / need to grow up. + +What do you guys think? Am I being irresponsible? +And no this is not a jab at anyone in particular. I've seen people in many stock forums/reddit going crazy trying to analyze the current trend. The most common question is "WTF is the market going UP while we have a pandemic going on, no vaccine, no cure, millions of unemployed, and a recession looming in the horizon" + +The Intelligent Investor has addressed all of that. Basically, imagine the entire stock market as one irrational man knocking on your door every day offering you to buy or sell stocks at totally unpredictable price. + +According to Benjamin Graham, you’d be better off ignoring him altogether and DCA the shit out of your portfolio. Sure you can read and analyze all you want, watch the news, try to predict things, but in reality, no one can predict jack squat in this market. You can drive yourself insane trying to see patterns that don't exist. Don't get emotional, don't buy more than you normally do, or sell more than you want. Just keep going at a steady rate and in the long term you will win. +Hi guys, +I am trying to write an article on time in trading and am looking for help. Do you use time as an indication? How much importance does time carry in your trading. I.e. do you place your targets regarding time. Please only share your thoughts if time does really matter. +Thank you in advance for your help. +Regards, +RSI +I've never been a gambling personality. I've gone to casinos, drunk, and only risked a very limited amount of capital, with no exceptions. Always called it my "fun fee", knowing I'm going in with a $40, losing it, having a laugh and walking out. + +But I revenge trade. And they say it's a form of gambling - and it absolutely is. In the end, you enter with no edge on something that will either win or lose money for you. + +&#x200B; + +But something just does not make sense. If I'm not a gambler, why do I gamble in forex? + +&#x200B; + +Happened this week. I lost 20R on 2 positions. I entered 12 times. Shorting eurjpy all NY session on the 16th, with a strong belief it will go down. There was no real analysis, just anger. + +And then it hit me. It wasn't the money. Not at all. It wasn't really ego either, as mine is shoved under the rug with all the rest of the garbage. It's been 8 years and still in questionable profit, so not exactly high in spirits there. Kinda used to it at this point. + +&#x200B; + +https://preview.redd.it/vvwkuoiic8i61.png?width=1808&format=png&auto=webp&s=65ab07529d8119ea7f60a2ef7eb137666da4d58a + +No, it wasn't any of that. + +It was stress adiction. + +It felt good? I can't explain it, but I used that exact moment to do an exercise - sit down and write the first blob that comes to mind, with no censure, until you fill a whole page (or even more). + +**And that is how I found I have a very strong belief that trading has to be stressful. That I should be feeling pain.** + +And that is the way it has to go. That discovery was reconfirmed, when I let this happen the next day That is the 5m chart on WTI. I caught that monster move, and then didn't take profit. I even scaled in, resulting in a net double loss. I had this notion that the market should go further down, and I was already into a lot of stress (had floating 4R!) and instead of scaling out, I even scaled in. Twice! + +&#x200B; + +https://preview.redd.it/t1np878qc8i61.png?width=559&format=png&auto=webp&s=e00d77f3b75299f83168834671754484cf79eda6 + +Breaking every rule in my book. + +&#x200B; + +How do I reset that? How do I stray away from those old, terrible thoughts. How do I stop pressuring myself? + +All above should be my "a-ha" moment, when everything turns. But if you've ever traded real money, there is a huge gap between knowing how something should work, and actually doing it. + +I need to fix my beliefs at the core, and I have no clue how + +Edit: thank you all for taking the time for me. +One thing I did was again, sat down and tried to answer why I started trading = potentially more free time down the road +I am not changing my strategy, but last night I spent 3 hours pre-drawing my charts. And now I will only setup alerts each day, and not monitor the chart at all until one gets hit. I hope reducing screen time will help, as it seems I get "lost" and drunk in the candles. + +Wish me luck! +Hello, traders! I started with 200$ and for a month my account grew to 800$. I made a mistake with WTI which lead to a 700$ loss (yikes! this happened in the beginning of June) and after that I've been depositing money from my savings and even on good days when I make 200$, I blow the account before the next day comes. This has been going on for 2 weeks and my savings are now emptied out. +I am asking for your help cause I feel lost and I don't know how to get back on track. +I'm curious as to where I should start investing my time. I'm 22, I love to read, learn, study trends, make use of data, current events, you name it. I've started to make a living for myself with a company I helped start that manages Pay Per Click Advertising. I've networked myself into a great position, while still having very low living expenses, and I don’t even graduate from business school until this May. + + +The point is, I'm making a good living now and know I will be coming into quite a bit of extra income when I graduate, enough to establish some risk capital for me to start investing safety. +I have been learning and reading immensely about the Foriegn Exchange (FOREX) market and obviously the US Stock exchange. I’ve been reading the Wall Street Journal the past 6 months and just basically want a deep, deeeeep understanding of what I am doing before I start making major decisions (None of those Oanda demo accounts) with my money. I was approached from an old friend who was trying to get me into that ImarketsLive "Global Visionariez" "Forex makes You Rich" bullshit which I have researched deeply and found to be bullshit. This turned me off from Forex trading, although I know it’s an incredible economy of scale. + + +I am trying to figure out, from some experienced folk, where I should continue putting my learning efforts? I want to continue learning and researching how to trade and find leverage for at least another 3-6 months before I make any moves. Which is a more realistic route to take? Which market has the best opportunity? I’m open for all interpretation so please share! Thank you. + +-Jon +Seems like Im under cutting my trades and getting out at 100 pips when i should be getting out at a lot more + +I trade the 4H chart and i always just set 100 pips as the "Time to close out this trade" + +Not really sure why I did this but it seems to work 60% of the time every time. + +Any common strategy or formula i can use to determine a solid TP? + +Strictly for testing purposes as of this moment, so throw anything youd like at me, i test on a smaller live account. +So I am new to trading Forex. About 1 week in. I opened a demo account and have around an 80% W/L, and I started with $5,000. 1 week later and a handful of trades later I'm sitting on $32,000. My leverage is averaging around 300:1, and I merely rely on trends and reversals. I've had 3 50+ pip trades, mostly with USDJPY. I see people talking here about growing accounts so slowly, and not to believe in the get rich quick scheme. I manage most risk with SLs that are pretty tight, and I move them up as I make profit to secure it. Is this beginners luck, or is there not as much learning as anticipated? I was planning to spend months before going live, but I'm the most patient impatient person. +> **5 Reasons People Oppose Segwit2x** + +> It's pretty mind boggling that many people in the Bitcoin community would rather split the blockchain and the community in order to prevent a measly blocksize increase to 2mb. While the "official" reason for opposing such an increase is that 2mb blocks are unsafe or will cause centralization, this reason is 100% bullshit. What follows are five reasons that are probably much closer to the truth. + +> 1) Conflicts of interest. + +> ... + +Full article at: + +https://www.yours.org/content/5-reasons-people-oppose-segwit2x-2bd0f758fb83/ +Twitter user FatmanTerra recently tweeted a thread about Do kwon's arrogance which cost Anchor users in $20.8 in losses. + +https://preview.redd.it/x96ux0tt82191.png?width=668&format=png&auto=webp&s=39f5400a539fb16f5e00a06da3c8932ef30f6435 + +> In August of 2021, whitehat dev +> +>[@0xfr\_ (Twitter)](https://twitter.com/0xfr_) +> +>contacted Do Kwon about a serious bug involving Anchor's possible liquidator issues. He was dismissed for 'raging' and Do Kwon was 'pretty confident' that it would work (you can already tell what's about to happen) + +&#x200B; + +> In April this year, as per responsible disclosure, +> +>[@skgBanga](https://twitter.com/skgBanga) +> +>and +> +>[@0xfr\_](https://twitter.com/0xfr_) +> +>emailed the Anchor team, describing three issues in detail (one of which could potentially cause hugely unfair liquidations due to a major bug in the liquidation queue). + +&#x200B; + +> The Anchor team never replied. Did they ignore the email? Did they just not bother checking their inbox? Either way, during last week's meltdown, Anchor accrued $20.8m in bad debt at a direct cost to depositors. [https://github.com/throwaway0xfr/anchor-bad-debt](https://github.com/throwaway0xfr/anchor-bad-debt) + +&#x200B; + +> I remember seeing a lot of reports in the Anchor Discord of people being liquidated for their entire collateral instead of just what they owed. This bug explains it. Carelessness led to people's money being unfairly snatched away (again) + +&#x200B; + +> In the grand scheme of things, $20.8m is not that much (especially when UST was shedding billions from its market cap), but this event lends to a certain culture & environment that seem to be present at TFL. Despite being paid millions, they seem to be flippant at times. + +Whole Thread: [https://twitter.com/FatManTerra/status/1528404015767343105](https://twitter.com/FatManTerra/status/1528404015767343105) +Superstonk isn't even a search result for "gamestop reddit" on Google. It doesn't even show up when you use the search term "gamestop reddit". + +You do get one ~~resulet~~ result when you type gme reddit, but Superstonk is just a subcategory within the Jungle sub, which I actually am perfectly fine with, since Superstonk definitely seems pretty shilly lately, with the DRS Removal poll and some \*cough\* mods that like to make "exceptions" based on their own personal biases, \*cough\* ...under water creature mod. However, due to the recent events such as these criminal hedge fund bastards even trying to censor Superstonk to this extent, reddit outages, increased shill activity, I'm not cool with it. We need to get our SEO GAMEUP. + +&#x200B; + +Also, you apparently get your post auto-removed for even mentioning the other sub... SUS AF if you ask me....(I just had THIS post removed and reposting it now) + +Superstonk is the largest GME community that we have, and we can't let it get ~~surprised~~ SUPPRESSED. Try your best to start using proper terminology and wording when referring to GME, Superstonk, GameStop, Ken Griffin, Jim Cramer, Citadel Securities, Citadel Advisors, Point72, etc..... Or if it really messes with your vibe, you can still call Kenny ~~May~~ Mayo Boiii, but maybe add some hashtags with the real deal at the end of your post, such as Ken Griffin Crimes, Kenneth Cordele Griffin, #KenGriffinCrimes, Kenneth Cordele Griffin, #Reddit #Redditsuperstonk #superstonk #SHORTSNEVERCLOSED #KENGRIFFINCRIMES #DRS #GME #GAMESTOP #DRSGME.....you get the idea. + +&#x200B; + +&#x200B; + +https://preview.redd.it/rkczthjb85h81.png?width=838&format=png&auto=webp&s=9bb0eee9f652e498f52e5e94862be5d905e2679a + +&#x200B; + +https://preview.redd.it/b4jsjszw85h81.png?width=840&format=png&auto=webp&s=49560be854b476992c5385368341c97daa2f127d + +Come on fellas, let's get superstonk HUNG. SEO UP! + +&#x200B; + +edit: spelling: result, suppressed + +**edit: why the mods change my flair from DD to speculation and opinion? It's literally a fact. Look at the screenshots. Even better, go do the search yourself. They are suppressing Superstonk. Smells sus mods. Smells sus. I bet it's you, under water sea creature mod** + +edit: good job apes, gamestop reddit is now showing our superstonk thread. let's keep the trend going and never let it die down again. the shills are trying mad hard. lol @ all the shills who said it wouldn't work. lmayo + +[https://www.reddit.com/r/Superstonk/comments/sq5our/we\_did\_it\_stop\_search\_result\_for\_the\_term\_were/](https://www.reddit.com/r/Superstonk/comments/sq5our/we_did_it_stop_search_result_for_the_term_were/) + +&#x200B; + +https://preview.redd.it/34955iufsdh81.png?width=771&format=png&auto=webp&s=18c9a09320ddb3bc6f81a1ea97fef2ababd645c0 + +&#x200B; + +&#x200B; + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/spzrqy/the\_gamestop\_reddit\_a\_gme\_subreddit\_focused\_on/](https://www.reddit.com/r/Superstonk/comments/spzrqy/the_gamestop_reddit_a_gme_subreddit_focused_on/) + +nice work u/alexandrosdimo + +https://preview.redd.it/bf7ymz4hsdh81.png?width=755&format=png&auto=webp&s=509091103b05d632e641d28a4c2758acce6afbfa + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Can somebody tell me if this is a good idea? I'm aware that there will be staking rewards, and that the earlier you stake, the bigger the rewards. However, I can't rationalize staking ETH at the start of a bull run when selling and then buying again after the correction would be quite profitable. How can I execute an ETH flexible stake or join in an ETH stakepool that I can withdraw from if my needs change in the next two years? I was planning on platforms like [Rocketpool](https://rocketpool.net/), [Lido](https://invitation.codes/lido) or [Haru Invest](https://haruinvest.com/) but I am unsure where to start. +Hi my fellow apes. Due to recent events I've noticed that the general feel of Satori has shifted from generally supportive to careful unease. You don't know a lot about Satori and that was, in large part, by design: on one hand shills did not know how it exactly worked, just that it did. And on the other hand: because apes did not really know how it worked they attributed a lot of positive things to Satori even though Satori had nothing to do with it, which was useful ;). But because of the change in general sentiment I felt like I had to lift at least some of the secrecy to ease some surrounding worries. In the past, it has often been u/grungromp who did these Satori posts, although they are always coming from the team as a whole. This time I wanted to be the one to write the post so you guys can hear from all of us. + +Let me give you a quick TLDR before diving into it. + +* Satori has two main components: a data gathering part and an machine learning part +* We currently use Satori for two purposes: to make data driven decisions as a mod team, and to approve users. Satori does not remove content or ban people. +* We do not collect any non-public data. All data is provided to us by Reddit itself, through the use of the official reddit API (like u/Remindme uses) +* This is not a black box: for every prediction Satori makes we know why it makes it. + +I've included a bit more technical explanation for nerd apes at the end of this post. + +**Under the hood, or what Satori is made up off** + +&#x200B; + +https://preview.redd.it/deuajjqpm0e71.jpg?width=680&format=pjpg&auto=webp&s=d0ad94a5b94f4bf511c99feec850aa269c5f8cee + +Let’s dive into it. Satori exists roughly in two separate parts: + +* a data gathering part; and +* an AI/ Machine learning part. + +Satori starts its workflow by gathering data from all posts and comments made in r/Superstonk and related subreddits (not going to tell you which ones exactly, but just think about subs related to gme and we probably get that too). You can see some examples of exactly which things we can gather in the documentation of the reddit API, but it’s all kinda standard stuff: when was the comment made, who is the author, how many upvotes does the comment have... I want to reiterate that this is all information that is completely public and that reddit shares with anybody who wants to develop an app. + +The second part is the part where Satori takes some of that data to decide who might be a shill. We combine that with user reports, removed comments by moderators, users that are banned. What makes Satori more than a smart spam filter however is that we have moderators whose part of their job is to vet all the information we get from various channels, compare it to the current info and can alter the characteristics of what a shill is based on that new info, constantly refining the hypothesis. + +We use tried and true models that are commonly used in the industry. We need to remain a bit secretive about which data exactly and which techniques we use, just to protect the work we have done and to make sure that Satori remains useful in the future. But let me say that we only use the data as provided to us by Reddit and nothing more. If you’re a new account, with a lot of awarder karma that’s constantly active and keeps posting the same message over and over again you’re going to have a bad time ‘mkay? + +Satori is a bit more sophisticated than this example given here but it might give you an idea on how Satori makes its decisions. This is all well and great of course, but how do we use this mind reading monkey in practice? + +**Metaphor of the city, or how Satori is used** + +For now we only use the data Satori gathers and the predictions it makes in two ways: + +* Do ad hoc data analysis +* Approve apes. + +I like to explain Satori via the metaphor of a medieval city. The city is our beloved Superstonk. It is protected by extremely high walls (karma and age restrictions) that only the biggest of the land of Reddit (apes but also orcs/shills) can climb over. Because we want as many real apes in the city but to keep the orcs out, we use a small gate where all can line up to be let into the city even though they cannot climb the city walls yet. At the gate there is a guard that checks all who want to enter the city this way (this is Satori). This guard is very lenient though: even if an ape in line looks like an orc in disguise the guard will just let him through because he knows that once an orc is in the city, they can still be caught by alert apes who report him to the city guard (mods) or apes themselves (downvoting shilly content). That's why we say that being approved does not mean you're not a shill. It just means we're not sure you are one. Because orcs are only dangerous in large numbers, when their sounds drown out those of real apes, that’s why the purpose of this guard is just to limit the amount of obvious orcs into the city and letting as many real apes in. + +As already mentioned before, Satori gets constantly offered new pieces of cloth to smell by scouts who are active inside- and outside of the city, ever vigilant for new ways orcs disguise themselves. + +&#x200B; + +[Photo by Anna Gru on Unsplash](https://preview.redd.it/4zaonqwdo0e71.jpg?width=4496&format=pjpg&auto=webp&s=75b94d48392c723ef68434d899aba58943aeb777) + +Please note here that Satori has never entered the city: it does not throw out suspected orcs (banning) or censor them (removing comments or posts). It sees, but it does not take actions because it does not need to, the city guard and apes got this. For now we have Satori chained up to the front gate sniffing up terrified shills, even though it smells their foul odor from miles away into the city, and could devour them all if she would be asked to do so. All banishing and pamflet removal is done by the city guard, going off reports by apes. As is the normal process in any other sub. + +About the slow approval process: unfortunately the gate this guard protects is very small, we would love to make it bigger but the rulers of Reddit land (admins) do not allow us to let in more than 100 countrymen per hour. Fortunately our guard is a robot who does not need to sleep, eat or go to work and can work 24/7, it would be an insane job to try and approve users manually. + +Like I said: the approval part is only one task Satori does. We also use the data it gathers and predictions it makes to make more informed decisions as a mod team. For example: recently we have used the data to check if the current karma restrictions are not too high and how many apes (but inevitably also orcs) we can welcome back into the city. We feel like apes, in collaboration with Satori and the mod team, have the shill problem under control: apes are quick to call out- and downvote shills on their own and there do not seem to be a lot of shills left except in coordinated attacks, which get dealt with quickly. + +&#x200B; + +[The kind of data Satori uses ](https://preview.redd.it/rw14n5etn0e71.png?width=1045&format=png&auto=webp&s=059c8a5478942c5bf0037b56190d1228ba386872) + +**Final notes** + +A big reason why we've been so secretive about Satori in the past was that it made us way more effective: if shills do not know what we are looking for, or what our capabilities are, they are way less likely to circumvent or attack it. I have to admit: sharing all this is making me a bit nervous. I’m scared that the thing that I’ve been working on almost non-stop since February and that has proven to be a very effective tool against shills will now be less powerful. However, I want to be more transparent about Satori even though it will weaken us. AI can sound very scary and I’m seeing legitimate concerns from apes uneasy about the inner workings, as well as FUD and conspiracy theories being spread by shills. + +I’m also scared about this not being transparent enough in this post, and apes wanting more. I’ve thought long and hard about what we can share while still having a reasonable expectation for Satori to work properly. For example, I can not share exactly which features exactly we train on, because that would be like giving the shills the exact key combination for the castle gate door. I have heard calls for making the code open source or revealing how Satori makes decisions exactly, but that is just not possible because that would just make Satori completely toothless and cancel out all our hard work we have done for the last 6 months.Please note that the Mod team knows how Satori works in detail, and fully supports its usage in our sub. These are some of the smartest people I know and they are a major part in making Superstonk not only survive but thrive in the hostile environment we operate in. I also want to stress that Satori makes NO decisions on its own. All actions are presented to the mod team and voted on. Satori has helped us defend the community against all manner of threats, including but not limited to: Coordinated Shill Attacks, Trolls, Brigading, Phishing attempts, etc. + +We already have three data professionals in the mod team, two of them have been Apes before Superstonk even existed and have spent months on developing it. The other one is u/Jsmar18 who has no connection to Satori whatsoever but has access to both the source code and the database. The Satori bots added as mods cannot take any action without it being logged in the modlog, as is the case for any mod. + +I’ve tried to explain as much as I possibly can about how Satori works to put some of the scepsis at rest, because there are some weird theories out there and I'll stay in the comments for a bit and answer some questions. + +**Technical details, let’s get nerdy in here** + +This is a short part for all the nerds. + +Like already said: we are using the Reddit API which we call via praw. The data is automatically labeled based on a combination of reports, removed comments by moderators, deleted users by moderators and some features we engineered ourselves based on known shill behavior. Imagine how someone with a 9-5 getting paid to spread negative sentiment would act like and you’re close. We use a classic NLP model (via NLTK), tuned based on parameters that just seem to have the best true-positive/false-negative distribution. Let's get more geeky in the comments! + +[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) + +[https://www.reddit.com/r/Superstonk/comments/nqnora/satori\_the\_first\_36\_hours/](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/) + +[https://www.reddit.com/r/Superstonk/comments/nva7nh/satori\_the\_one\_week\_security\_update\_important/](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) + +EDIT: forgot to include the link to the API documentation, here it is.[https://www.reddit.com/dev/api](https://www.reddit.com/dev/api/) + +EDIT2: going to take off now, thanks for all the great questions. Cap'n out! +We're at a point now where the vast majority of American's [agree](https://www.pewresearch.org/science/2019/11/25/u-s-public-views-on-climate-and-energy/) with the scientific consensus that climate change is occurring. And I know that luxury consumption can often exacerbate the problem. For example, a round trip flight to europe emits about 0.5t co2. Business class is about 1 ton, which exceeds my driving emissions for the year. + +So in addition to avoiding unnecessary travel / hanging out with "fellow kids" in coach, I want to use money I save to help the situation. Especially consume or invest in promising technologies. + +* Can I buy carbon credits to offset my emissions? I read about some actual carbon capture companies -- even if it costs extra, are there ways to pay for carbon recapture? Doing so would support this industry. +* Alternative funds to invest in? Ideally something like S&P minus oil and natural gas. Perhaps adding renewable funds to portfolio? +* Angel investing? +* I don't think I have enough to do any actual lobbying -- but any advice on how to affect changes... + +&#x200B; + +Lastly consumption -- I keep thinking about the first gen prius. Yes there was a whole "smugness" stereotype about the early adopters, but it also was those people who believed in the technology. It costed an extra 10-15k at the time, didn't make a ton of financial sense, but the early adopters proved the market, and now there are hybrids everywhere. Same is happening for EVs. So curious what are good opportunities / technologies to support and adopt early on. + +&#x200B; + +Appreciate any thoughts! +I know there is talk about increasing the use of solar panels - I am all for it, greener energy, hopefully cheaper too. + +I've seen reports of dodgy installers, crappy panels, damaged roofs; are there any good news story? + + +Who are decent installers? + +What government incentives, or discounts? + +Battery or just panels? + + +I see it as eventually compulsory for every house, so wanting to adopt early, but don't want a company to install and discontinue their service, damage my property or install panels that break and do nothing. + + +Are solar panels financially worthwhile? Are the returns worth it (over years, not months of course)? + + + +If you've installed panels and/or a battery, what would you do different, if anything? +Hello all, + +I have been wanting to make this post for awhile, but never sure where to post it. I see some career stuff posted here from time to time. Since this is an Australian sub-reddit, I feel it's more appropriate to post here. Sorry if it's not the right sub or post you are expecting here! I'm semi ranting, but also reflecting on my past few months that has been a rollercoaster of emotions. + +I started at a global property company a few years ago. I worked my ass off for them. I was the typical 'long hours badge of honour' servant, that would work obscene hours for people that pretended to care. I was a senior in the team and would train and guide people. I would take on training for 4 new people whilst maintaining my responsibilities. I absolutely loved training and helping the team. I knew the system and processes inside out. + +Our managers and boss were great at pretending to be good people. They would offer us time-in-lieu, but never give it when we needed it. They would offer us to finish work early, yet give us ridiculous tasks to complete with stupid deadlines. We were short a person after they managed out a colleague of mine, and the rest of team suffered with more work and they refused to hire another person. + +They would also externally hire senior staff than internally promote very capable people. I voiced this was terrible for team morale but it fell on deaf ears. Of course. + +Despite this, I was fucked in the head, and loved work and working. Even though I was tired, burnt out, I would still grind it out and I wanted a promotion. + +I was told that I would be promoted; that if someone left, they would promote me in a heartbeat! I was so excited. But I could not wait for someone to leave to be promoted. + +A few months passed and I was headhunted and offered an attractive salary + great career opportunity. I took it, since I felt that it was not fair to myself, or anyone else, to wait. I handed in my resignation and did regret it. Keep in mind, I was super comfortable here. + +A week after my resignation, a manager resigned. That timing absolutely killed me. We also had a new starter (Person X), which I was scheduled to train before I finished up. + +I felt it was now or never, ask if they would give me that managerial role, and I would fuck this place off so fast. The call I had was like having a conversation with a child. My manager said (about person X), "I'm hiring someone that can do more work than you, better than you, with more experience than you. Why would I give you this promotion?". Uh, because you said you would. + +I got a kick in the guts really. Being compared to someone that had not even put 1 second into working here. + +I respected her opinion and I took that and finished off the call. At least I asked. + +I start my new job, and people in my old team are dropping like flies and no one is getting the support they need. They offer me my old job back but with a $8k increase. I said I wanted more, and the managerial role. They said no, and these were their reasons: + +1. I'm emotionally immature for discussing stresses at work with the juniors. +Am I meant to make them feel alone? It is a stressful job. We aren't talking about it to externals. We have a right to discuss these things and vent. Yes, it's healthy in my opinion. +2. I'm emotionally immature for calling out when our client sent us tasks that I deemed to be 'unproductive' and 'inefficient'. +Yes, because they were, and time consuming. And I knew that in the system, it could be automated, but they wanted this done manually to fuck us for fun. +3. I already left once, what if I wanted to leave again for more money? +Treat us properly, listen to us, pay us properly from the beginning and I wouldn't need to. + +After all of this, they gave person X the managerial job. This person didn't know the processes or system and has no managerial experience. I was gutted obviously and I also hated my new job with a passion. That is another story that isn't worth mentioning. I moved after 1 month and I'm earning more and in a better place overall. + +The lessons I learnt: + +1. Always have your own back at work and NEVER expect or trust that your company has some growth or plan for you. No, you have your plans for yourself and you stick to YOUR agenda. As soon as you don't suit their plan, you are out. Treat them the same. +2. Corporate people hide under the guise of being professional. They're all psychos and maniacs, that manipulate and are the childish and emotional ones that will use it against you if they see a sign of weakness. Don't trust them. Keep your cards close to you, and if you want to speak your mind, say it well and calmly. +3. There is a job out there but doesn't require you to sell your soul to do well. Don't work 8am - 9pm. Seriously. I'm still burnt out from my time at my old place. When you finish at 5pm, log off, go for a walk, go watch TV, go be with your family and enjoy your life. That computer screen will slowly eat you alive and they don't give a shit about it. +4. Have your own boundaries. Never enter a job thinking you need them. They need you too. This is giving me r/antiwork vibes, but I can't stress this enough. +5. Don't get comfortable if you can help it. + +TL;DR: Worked at a toxic workplace that didn't know how to properly treat their employees. Moved and now earning more and working less. Don't trust people at work. Have your own back. Friendly but not friends. +Article: https://www.cnbc.com/2020/09/04/traders-say-the-sell-off-was-overdue-has-more-to-go-robinhood-traders-need-to-get-burned-a-bit.html + + +Everyone on this sub is sure robinhood traders don’t have any influence on the market but it seems some of the analyst pros giving interviews at CNBC disagree with this subs sentiment. + + + +Here is an excerpt: +“What about the Robinhood crowd—the retail traders who have been so active? Maley has little sympathy. + +“The Robinhood traders need to get burned a bit. It will make them more honest. They won’t just buy things hand over fist. This will put some fear into them, and take some froth out of the market.”” + + +If robinhood traders didn’t effect the market in any significant way why is it so important they get burned to ease the froth in the market? Discuss +So, here we go! + +As I read several times there could be the posibibility of maybe hitting a shareprice of several million dollars for either $GME, $AMC or whatever retards are trading with. + +Technically there is a maximum amount that can be handled by the Nasdaq since may 17 wich is at 1,844,674,407,370,955.1615 USD + +So here we have the maximum price for a hammer super Dupa short squeeze. + +Good luck you fellow retarded apes. +I like the stock of GME and blue crayons. If blue is out I take the green ones. +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. +Is it possible that this Sub is really influencing the market? PLTR is all the rage...post after post pumping this stock. I feel like this is what MSM does before a stock goes tits up. There has got to be a massive profit taking day coming very soon. Or am I just a boomer? +Hi friends. So last Tuesday the 4th, I opened a put credit spread on SPX. It's my first spread and boy was it a fun learning experience... + +SPX 4700p exp 1/7 -1 +SPX 4660p exp 1/7 +1 + +Spx was just over 4800 when I opened the spread, .15 deltas roughly. I was trying to be conservative. And thought it would take a large even to get spx to move $100 in just 3 days... + +Then the fed minutes came out and this trade went to hell. Friday the 7th rolled around and and I was underwater quiet a bit, but midday I saw I could roll for +$300 credit to Monday. Seemed like maybe the minutes would die down over the weekend and Monday would be ok. + +Then Monday happened. Whatever that was... I could have rolled at a cost of $700 early in the morning, but with Jpow talking tomorrow and more crap CPI numbers on Wednesday, seemed like I could be just donating it. By the end of day it was 1500 to roll. Any further out was more expensive and down was really more expensive. I wouldn't have made this trade now, so instead of roll, I took a $2700 loss and let them expire. + +Question is, what would you have done differently. Here to learn, so don't hold back. +Hi reddit, this is my first post in this subreddit. I’ve been reading about option strategies and thetagang plays for the past month, and have only recently started to Wheel. I’m still very new to this, but I’m willing to learn and I’ve set aside 15,000 dollars to experiment with option trading. + +Currently I have 100 shares of CRSR @ 45.59. At the same time I sold a covered call Feb 19’21 50 for 3.25. As you all probably know shares of CRSR dipped about 10% despite a stellar earnings report. I’m thinking what my next strategy might be. + +Assuming I don’t get filled on my covered call, I could sell another covered call for March 19’21 50 for 3.28. However I’m looking over at the put column and noticed that March 19’21 35 is selling for 1.90. + +Now I like CRSR; I think it’s fundamentally undervalued and believe that with the recent dip stock price will go up. Is selling a second cash secured put at strike price 35 a smart or dumb play? I’m essentially starting a second wheel to go along with the first. If it drops below 35 again I’ll have 200 shares, so I can sell two covered calls simultaneously. Furthermore with the second lot of 100 shares bought at a lower price, it’ll be easier to collect higher premiums on my future covered calls. + +Thanks in advance! This sub has been an amazing wealth of knowledge for a newbie like me. +Title. For instance, I bought 2 $MSFT LEAPS. I could technically sell 2 PMCC's against it. To be safe, I'd go about 30-45 days out and pick a strike that's about 10% over the current price. Price is currently 310, there are earnings in a week or so, and the call I'd sell is the 340 (9.5% above current). But it just doesn't seem... worth it? That's about 500 bucks in profit which sounds awesome until you realize it's just 4% of the 12,000 I paid for on those 2 calls. I'm certainly not "too good" for money no matter how small it may be, but it just doesn't seem like the risks outweigh the benefits. I'm kinda new to selling calls so I don't mean my question to sound stupid, but am I missing something obvious here?