diff --git "a/reddit_finance_43_250k_328.txt" "b/reddit_finance_43_250k_328.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_328.txt" @@ -0,0 +1,10000 @@ + +What's the better/safer way to go about this? Do I go even further OTM and pick up smaller amounts of premiums to have a higher chance of not getting my call sold? Any advice is welcome. +Hello, + +New ThetaGang member here that's typically been a buy and hold a total stock market index fund forever and forget about it kind of guy (still am (I mean, I wrote a book on it lol), but want to explore this more since it seems right up my alley and I've never enjoyed education more than I have researching this world of selling options). I wanted to share my plan to see if anyone else is pursuing a similar strategy and what your experience has been and also for those of you who are experienced, if you see any obvious holes I need to think about. Anyways, my plan is the good old wheel with a couple of caveats. I'd: + +1) Find a stock trading at a support level that has implied volatility at 50% and also ideally an IV Percentile above 50%. Make sure open interest is in the hundreds if not thousands so that bid-ask spread is tight. + +2) Take a look at CSPs with a 30-45 DTE with a strike price under the *next* level of support. Ie if support is $20 and the last line of support was around $15, I'd look at premiums associated with a strike price of $14. From my research, this often results in a P50 above 80%. + +3) Open those positions if premiums are enough to provide a 0.50%+ weekly return assuming 30-45 DTE with the goal of exiting at a 50% profit ideally about 2 weeks or sooner, after opening a position. To clarify, if the share price is $20 at a level of support with the next level of support at $15 and the $14 strike 30-45 DTE is at $0.50 then this would fit my parameters as I'd try to exit in about 2 weeks by buying to close at $0.25. $25/$2,000 is a return of 1.25% over 2 weeks or just over 0.60% weekly. I'd shoot for a 1% weekly return but would likely enter trades if it's above 0.50%. + +This is the first week I've been able to look at a whole bunch of tickers (around 150, sorted by IV) and start to set my targets for my very first week of attempting to do this. Here's my thought process on one of them: + +**RKT** + +&#x200B; + +https://preview.redd.it/ybwwlk108kh61.png?width=1847&format=png&auto=webp&s=d99239d18390abb2ff4a15e3703d2203f2394ae2 + +First target of the week. It's currently trading just above a support level of \~$20 with another small level of support at \~$18. The March 19 EXP at a strike price of $18 is selling at a midprice of $0.91. P50 chance is 86%. If I can get to 50% profit in two weeks and BTC at $0.45 that's a return of 2.50% over 2 weeks. This is the one I'm most excited about since even if I hold until the day before expiration my return is still over my target of 0.50%/week. If I get assigned, my cost basis would be a little over $17 or the lowest this stock has ever been. At that point, I'd feel very comfortable selling closer to the money calls to walk away with a decent profit after likely assignment. + +Of the 150+ tickers I looked at, 13 fit this criteria. Of those, about 8 have the liquidity I'm looking for and 5 are selling between $20-$100. I would love some insight on this strategy as I'm very new here but trying to make sure I build a solid knowledge base. +Over the last 9 months, we have been comparing Personal Capital and Fidelity Go. Both are performing well (basically the same, with the same objectives), and have reduced our stress over self-managing our portfolio. + +Fidelity’s fees are dramatically lower, 0.35 vs 0.89, but they don’t do tax loss harvesting. + +It looks like Vanguard Personal Advisor Services and Schwab Intelligent Portfolios Premium are both cheaper still, especially for a portfolio over $2M. Nerdwallet says that Schwab keeps a high cash balance, and Vanguard’s tax loss harvesting is individualized. + +I’m looking for a more first-hand understanding of these two roboadvisors for portfolios between $2-5M. + +Does anyone have experience with either Vanguard Personal Advisor Services or Schwab Intelligent Portfolios Premium at these amounts? What did you compare before selecting them and how are they doing for you? +I dabble in expert-for-hire consulting as a way of staying connected to industry and getting some work-like personal validation from time to time. Worth a look for some of you fatties with deep technical or corporate expertise. Check out Prosapient and GLG as a starting point, but there are a whole bunch of these firms out there. I'm enjoying it a lot, and it's pretty much all beer/toy money (on 1099-K). + +It's pretty lucrative on an hourly basis -- I haven't seen a dropoff in work (typically a few 1hr calls a month) after bumping rate to $500/hr, and just did an in-person two hour session for $1500 with about 20 min of prep work in a domain I know pretty well, just opining on the state of the industry in response to a bunch of questions. + +If you know your shit and like to talk, it's a nice opportunity to run your mouth on stuff you know about for a small interested audience -- I tend to take calls more-or-less cold, other than answering the questions in the screener survey. + +For those of you ex-corporate execs already doing this type of thing, I'm curious how high you've pushed your rates before seeing pushback in terms of dropoff? +I am curious if anyone has pursued something similar. Am a bilingual CDN. Wife is dual CDN/US. We love traveling to Monaco and are considering splitting our time between there and either Nova Scotia or Toronto. Not asking for help per se, we have contacts who can assist with the transition. We would instead love to hear from anyone who has made a similar change or balances their time between North America and Europe. The wife and I were big travelers before COVID, usually to escape the chillier Canada winters. Regrets? Cautionary tales? +I researched the decision for weeks before hand, and I really believe bitcoin is going to be mainstream! + +To the moon! + +E: I've had a lot of people under 18 message me or comment here asking how I bought it. I used coinjaf and got someone who frequents a smaller Bitcoin sub to verify my id for me. You could also use your parents Id to verify. If this isn't a posibility I looked into local Bitcoins which verifies I'd under 18 fine, but the price is always higher. +I’m summarizing the paper below as best I can. I think it’s a helpful summary of why US data from 1926 to today may not be something you want to rely on for the next 50 years. + +Link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227132&mod=ANLink + +- Retirement planning is fundamentally a model of longevity risk vs returns. The former is relatively easy. The latter is not. +- Most discussions of a withdrawal strategy are based on historical market results but there are reasons to believe past performance won’t be repeated, including that the time series used are short, there is survivorship bias (you’re using the US and the US was a very successful market over the last 100 years) and the easiest data is not a representative sample of the population (people use US data because it’s available and hasn’t been interrupted by events like wars and hyperinflation) +- Equity markets can have 30 year real declines inclusive of dividends, such as Japan from 1990, and selecting one that hasn’t (the US) and relying on that is not sound statistics +- This study uses approximately 2,500 years of asset-class returns in 38 developed countries over the period from 1890 to 2019 +- The base case simulation focuses on the joint investment-longevity outcomes for a couple (not a single) retiring in 2022 at age 65 who chooses a portfolio strategy of 60% domestic stocks and 40% bonds; SSA life expectancy tables are used (not 30 years) +- The “4% rule” fails 17.4% of the time. To achieve a 1% ruin probability, retirees must adopt a withdrawal rate of just 0.80%. 2.26% generates a 5% ruin possibility +- Longer lifespans reduce the withdrawal rate too: for a 5% chance of financial ruin, the real withdrawal rate drops to 2.02% for today’s young adults and to 1.95% for today’s newborns. + +TLDR: if the US is not special and future returns here are better predicted by historical global returns rather than US historical returns, a 4% WR will fail ~1/5th of the time. + +Abstract: We use a comprehensive new dataset of asset-class returns in 38 developed countries to examine a popular class of retirement spending rules that prescribe annual withdrawals as a constant percentage of the retirement account balance. A 65-year-old couple willing to bear a 5% chance of financial ruin can withdraw just 2.26% per year, a rate materially lower than conventional advice (e.g., the 4% rule). Our estimates of failure rates under conventional withdrawal policies have important implications for individuals (e.g., savings rates, retirement timing, and retirement consumption), public policy (e.g., participation rates in means-tested programs), and society (e.g., elderly poverty rates). + +Suggested Citation: Anarkulova, Aizhan and Cederburg, Scott and O'Doherty, Michael S. and Sias, Richard W., The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets (September 22, 2022). Available at SSRN: https://ssrn.com/abstract=4227132 or http://dx.doi.org/10.2139/ssrn.4227132 +\*\* I recommend everyone watch this [video](https://www.youtube.com/watch?v=dvqRKVTjbHc) + +Summary with sources + +APEX clearing is going public via SPAC val $4.7b + +In [prospectus](https://www.sec.gov/Archives/edgar/data/0001834518/000119312521183297/d121216ds4a.htm) page 186 they must disclose pending litigation "legal proceedings" + +>Plaintiffs allege that Apex, along with over **30 other brokerages**, trading firms and/or clearing firms, including Morgan Stanley, E\*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, **Citadel** and **DTCC** engaged in a **coordinated conspiracy** in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily **hedge funds, to stop losing money on short sale positions** in **GameStop**, AMC and certain other securities. + +The actual [class action](https://securities.stanford.edu/filings-documents/1077/ACC00107729/2021430_f01c_21CV21665.pdf) states point 15 + +>15. In an interview with Financial Planning, **Tricia Rothschild**, President of Defendant Apex, indicated that Defendant Apex had sufficient resources to meet the collateral requirements of the NSCC, evidencing that their *decision to restrict the Stocks was arbitrary, capricious and self-serving*: +> +>**Question**: Apex was one of the firms that restricted GameStop trading at the end of January. Are you able to specify whether Apex Clearing had to raise capital at the time, like Robinhood did? +> +>**Answer**: We restricted the trading for approximately three hours on one day due to anomalous information that we got. We were fine by the end of the day. We have headroom in terms of the capital available to us on our balance sheet. We have lines of credit that we can call on as needed. We did stop the trading for three hours, and then it was resolved and we moved forward, and have not had any issues and have not looked back. + +Meaning Apex had collateral but restricted purchasing of stocks for their own self serving purposes. +So long-story short last week I was tricked into sending £7800 in a very convincing investment scam for Forex trading- she asked me to send multiple payments via bank transfer to two accounts which I was told was the UK accountants and it was genuinely very convincing. But she kept asking me for more and more money and always made an excuse as to why she couldn’t pay my profits yet. I then realised it was a scam and reported it to my bank, both the accounts I sent payments to are with the same well-known high-street bank and my bank have informed me that they have sent some sort of letter on a system to the other bank requesting my money back from these accounts. My bank have informed me that I can only get my money back if it still in these accounts and I will have to wait weeks for the other bank to get back to them. I’m concerned I won’t get any of my money back if these two accounts are empty but I thought under the Authorised Push Payment Scam Code that I was entitled to my money back from my bank regardless of whether it is still in the two accounts that I sent it to. + +I guess what I’m asking is, can I only get my money back if it still in the two accounts of the other bank that my bank have requested the money back from or can I get a refund via the Authorised Push Payment Scam Code? + +I know I’ve been an idiot and I’m kicking myself in the teeth but this is my life-savings and I’d really appreciate any advice, Thankyou :) + +Also if anyone has been through similar then I’d really appreciate some tips on how you got through it because I’m really hating myself at the moment :( + +UPDATE: I managed to get a full refund from the bank, thankyou to everyone who replied for the helpful comments :) +I have been working in London for less than six months, and have always been frugal (eg I derive pure pleasure snagging deals in the reduced to clear section). I like buying quality alcohol on discount and making my own cocktails. I’ve got an Aeropress and get my own single origin coffee beans. I’ve loved working from home. + +As we slowly return to the office, it’s been absolutely mad how 100% of the socialising is done around food and drink. I don’t know how much drinks are before I’ve already ordered, and finding out later that pint was £6.50 and g&t £11 makes me feel miserable. I wish I could just stand around and chat - I like my own drinks at home much better. + +I’ve got a pretty decent starting salary and money’s not tight - but I just want a house of my own ASAP. + +What are some tricks around having a social life but not feeling like crap about spending in pubs or cafes? +I've been working for a few years now (I'm 27). It's fine. I like my job, but I don't want to be there 45 hours per week. It seems to me that we spend our best years working/climbing the ladder and accruing (if we're fortunate) an excessive amount of wealth for our retirement. It makes sense to me if I were to work less days over a longer period of time. Basically, plan to never fully retire, but be *semi-retired* for my entire life. + +That would look like: + +**12 months from now** – go down to 4 days per week (3 day weekend!) + +**36 months from now** – go down to 3 days per week (4 day weekend – more time free than working!) + + +At the 36 month mark I should have $100k saved. I invest it in index funds also let some sit in high interest accounts. I imagine only working 3 days a week won't provide enough income for me to save, but it'll definitely be enough for me to live on. + + +My question is: is this viable? Why don't people do this? Is there on the subreddit doing it right now? + + +Here are a few things I've thought of: + +\- Need more money when kids arrive + +\- Need lots of money to retire + +\- Keeping up with the Jones' + +\- Working 5 days a week is 'normal' so we don't think otherwise. Plus more money is a nice idea +&nbsp; + +I've followed the debate closely as I'm genuinely interested in how this plays out. Ethereum is fascinating to say the least. + +Anyways, about the fork debate, and especially hardfork debate. I keep seeing the same arguments repeated over and over again and I don't know what you guys eat, but my diet consists of a good portion of rational, sprinkled with some logical, and shugged down with some good ol reasonable. + +&nbsp; + +So about the arguments + +&nbsp; + +**1.** "*Should we also hardfork every time someone gets scammed or an exchange gets hacked?*" + +When I see this, I feel like (and I'm sry to say it) but like I'm talking to a child, or someone who goes 0-100 real quick, on any issue. I mean, of course not. A hardfork or any type of fork only happens when the majority of miners agree that it's necessary for whatever reason they may have. Is that so hard to understand? :/ It's like the "debate" sometimes lives inside of an SNL sketch. + +If you genuinely wonder if there will be a hardfork every time someone gets scammed I encourage you to send me all your Ether to the address below and I "guarantee" that I will send it back to you with a bonus. It's a win-win right. Because either you earn some Ether, or you can just ask "Ethereum" to hardfork for you. What could go wrong. + +0x79d4D3E63753E5c56d5E967db12FEb276B036332 + +&nbsp; + +**2.** The second argument I keep seeing is that it "*Opens a can of worms*" and that "*The government can then push a hardfork*" + +On one side of the coin, I see their mindset, they're coming from Btc land, being molded over time and eventually being self-identified with this rouge, anti-government crypto anarchist who above everything else have protect the 3 commandments of crypto, the first apparently being "You shall not hardfork", the second being "You shall never speak in favor of hardfork" and the third, (RIP) "There shall only be one crypto" + +The fact is that regardless if Ethereum forks now or not, a fork can happen at any time for any reason if the miners collectively agree to do so. So what really changes? + +Please enlighten me, make an example, write a hypothetical scenario in which some organization or government institution shows up on VB's door demanding a hardfork, for any legitimate reason you can think of. Please tell me how that is so much more likely to be accomplished given the fact that one time back in 2016 we hardforked a chilDAO which contained some stolen Ether. + +If the government one day demands that Ethereum hardforks, then first of all we are all rich, but second of all, they would demand that regardless of the 2016 fork or not and their argument and means to enforce such a fork would minisculely if anything at all be helped by the fact that the community forked way back. + +I mean realistically their only way to forcefully push a hardfork would be to threaten legal action towards miners with the help of several countries in which those mining farms were located. And to be fair in this scenario, I have a feeling the miners would agree to a hardfork regardless bc clearly some serious shit went down. + +&nbsp; + +**3.** The third argument plays into the same in a way being that "*Ethereum contracts are then not immutable after all*" + +Which again is such an absolutist thing to say. The fact is that the likelyhood of any particular contract to be rolled back or altered is stupidly low, regardless if we hardfork now or not, so much so that I would argue the network is way more likely to fail for whatever reason than your stupid contract or addr to be hardforked. And if you ever find yourself in a situation where your contract or addr got forked, then gratz on getting ur hands on the nuke codes, well played. +I understand that a lower oil price is (in part) consequence of a lack of stronger demand from the world (although we are still in record demand) and too much offer. But why European countries plus Japan, South Korea and India (all big oil consumers) are not reacting positively about it? I mean, their stock market is not pumping? + +For the last couple years I have written a reflection on that particular year of FIRE along with new revelations. They both got some traction and seemed well liked so I thought I’d write the year 3 version… + +**My background:** I’m a scientist in my mid 40’s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my “no job, no consulting” periods in the late fall of 2013 (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold a majority of my holdings in December 2017 (not at the peak, but close) for about 1.5M. I had also saved a shit-ton of money over the years (almost 1M) because I never spent other than buying/fixing up my house. The FIRE idea was natural to me – I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didn’t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured I’d try a self-imposed sabbatical of an undetermined length. With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. I never went back in any real way. Since retirement my entire portfolio has more than doubled to 8M. + +Prior posts: [Year 1 reflections](https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +[Year 2 reflections](https://old.reddit.com/r/financialindependence/comments/etgc2q/fire_2_years_in_a_few_more_reflections/) + +[“Losing” 1M in the market drop last March](https://old.reddit.com/r/financialindependence/comments/jjdts8/when_the_market_dropped_last_march_my_net_worth/) + +[Selling 100 bitcoin in 2017](https://old.reddit.com/r/Bitcoin/comments/ku9yjr/in_2017_i_sold_100_btc_and_bch_for_15m_dollars/) + +**Warning:** This post is me navel-gazing about my so-far-quite-successful-post-retirement journey. Some people like this stuff. Some people think I’m pissing on them by boasting or humblebragging or whatever. I liked reading these posts before I FIRE’d so I am paying it back. I write these posts to tell a story, to inform, maybe even entertain. I say the following based on some salty comments I have received in the past - If my take on life triggers you, stop reading this now and go do something fun. Life is too short to be an asshole on the internet. Sermon concluded. + + +**Reflection 1: Last year was fucking insane on so many fronts.** + +In no particular order: I bought a house with cash during a pandemic; I lost harvested $100k in a mutual fund that by the end of the year had regained all I had “lost”; my dad died; my partner’s dad died; the stock market dip of March wiped 20% of my net worth out (yes, it recovered); I helped start a small company that got an unsolicited 2M acquisition offer 4 months after we launched (we declined); Trump almost got reelected. +So many ups and downs. So much jacked-up nervous system. Trust me – not having to worry about work and money was a blessing not lost on me. I thanked my lucky stars daily for that, but still found enough challenge in the rest of the bullshit thrown at me. Losing dad was a big one. + +**Reflection 2: I like being retired** + +Specifically - I enjoy the control it gives me. Now that I am not worried about whether this whole “Retirement thing” is going to work from the economics angle (something I used to fret about a bit as I started this phase), I believe it will work for me mentally. It took a while, and when a friend offered me some work in year 2 of retirement, I jumped at the opportunity (and it also seemed super fun). Some of the work was fun, and some did not pan out. Last tax year I did not work for money a single day. I was offered a few jobs last year (it seems to be like that thing where when you are single but not looking, you get attention… same sort of situation) but none of them made sense for what I would have to give up. Let’s be honest – full time work cramps the hell out of your schedule! I did start a technology business with a foreign friend in the late summer, but we took no salary and it was a super part-time deal, had no legal existence, and existed at a virtual-garage level of legitimacy. Even so, we were approached by a software company and made an offer of 2M to merge with them (aqui-hire ish). We declined. +So what do I do? I play in my workshop. I took up welding (art). I write essays. I read. I improve my land. I planted trees. After a huge storm recently smashed through our state, a friend had an incredible amount of debris in her yard, on her house and garage. It was trivial to spend a day helping her clean up her place – I just jumped in the truck and went. The openness of schedule is a fiercely guarded luxury of mine. Each night or morning I sketch out my day and then get to it…or get sidetracked or rerouted. + +**Reflection 3: Last year I said “sometimes (4M) didn’t feel like enough” – I don’t feel like that any longer** + +When my net worth dropped by 1M last March, I had a weird feeling in my stomach – oh fuck, is this the beginning of the end of my soon-to-be-fake-ass retirement? I took a deep breath and reminded myself that I had more after the drop than I had originally thought I needed to FIRE in the first place. I knew that recovery would happen (not sure when though), and I had plenty to float me through (emergency funds on hand too!) I could always go back to work if I was feeling poor. It didn’t help that I had just bought a house, outright. All that concern washed away as the market recovered reasonably quickly. Not only that, but over the past several months my remaining crypto assets have grown quite a bit. My net worth is now over 8M and just typing this seems surreal. I have no doubt now that 4M is enough. Some might ask “do you wish you had not sold the crypto back in 2017 now that it is worth so much more?” – Even though that 1M worth I sold would be worth 5M now, I’m happy with my decisions – look at my current net worth, which as I mentioned is enough AND I have not had to work for the last 3 years. That’s a pretty sweet deal that allowed me to tend to sick family members, emotionally support my mom after my dad passed, and other important experiences that would be diminished or impossible with a work schedule. + +**Reflection 4: Habits are a bitch! (busy in a bad way)** + +Now that I am free of the economic tether, and fiercely guard control of my time, I only have myself to blame for what I do and don’t get done. I think I would like to be in better shape and be better at playing guitar, but my actions do not fit those ideas. I fall into habits (good and bad) that occupy time such that these areas do not get the attention I imagine they should. The point is that even though I am my own master, I can do better, and if I truly want these things (music, fitness) I am the only one to make that happen. One of my near-term goals is to figure out what it takes for me to get focused and remove less useful activities from my routines. Takeaway: being retired is not a substitute for discipline! Damnit! + +**Reflection 5: I still like a deal, but now it’s a dopamine hit instead of a survival tactic** + +I grew up poor. I didn’t know anyone who was rich, or who knew how to manage money. As a kid/teen/adult with very little actual capital, I learned to be thrifty. I did not appreciate quality (I couldn’t afford to do so) and once I made a decent salary I learned the true cost of being poor. So now I seek quality where it makes sense, like in the food I eat and the tools I buy. But I also still love a deal, like a free library, or a pile of scrap wood for making art from. The thrill of the hunt is still with me, and I don’t mind spending the time instead of the money in pursuit of scarce goods. I’m not a spazz about it, churning credit cards or flipping out over double coupons (if those even still exist), but looking for used items when I don’t need something new, or browsing a rummage sale can still bring me great joy when I find a treasure. I’m not much of a collector or materialist, so it’s often utility that I am after (the furniture guy leaves hardwood scrap in his alley for people to take?!?!? I’m ON THAT). I also hate seeing things thrown away that still have life in them. We are such a wasteful culture. + +**Reflection 6: I now want to learn how to make my capital work, to create a funding mechanism for charity. I believe this may become my next “job”** +Every month I run my finances to see where I am at. As the last year came to an end, and my net worth kept creeping up, I realized that there was a new idea forming in my mind – what if I could figure a way to use capital I have to make additional capital that I then deploy in my community? Not particularly mind blowing, I know, but work with me… I was never in a position where I thought this was possible _for me_. When I had less money, I felt I needed to guard it to be sure I wouldn’t get sucked back into the old life. Giving it away in any large quantity was not on the radar. Now that it keeps growing I could begin to give it away – except that (lump sum giving) does not seem quite right. But what if I could manage a set of funds in a way that grew them in order to break off a piece of that and deploy it in my community in a very direct way (over and over)? I’m working on this concept now, and it inspires me to do some (potentially) more “traditional work” whereas before I was running from such a thing due to not needing it. It’s as if because I am now comfortable with where I am, I can potentially focus more efforts outwards. I’m still trying to figure out what this means for me. + +… + +I guess that’s enough for now. My relationship with money has evolved quite a bit, but I believe I am still humble, thankful, and respectful of those not in my position. Not being a flashy person, I don’t think you’d ever know my story just looking at me or how I act. There is no reason for me to be any other way. + +For you readers, I hope everyone has found ways to keep their journey going, even through the difficult times the last several months have presented. The other side has its own challenges for sure, and in some ways you trade one set of responsibilities for another, but for me – so far it ain’t so bad. + +Hope you enjoyed reading my (updated) story. I’m happy to answer questions if you have them. +Hello /r/UKPersonalFinance, + +Long time lurker/minimum contributor to this subreddit. We're used to seeing people in their early/mid 20's posting what they're going to do with their 60k salaries and 100k savings so I thought it'd be nice to talk about somebody with very average/late salary progression who follows the standard rules of finance. I've defined these as: + +* Don't spend more than you earn. + +* Understand how pensions work, learn to invest and appreciate the benefits of compound interest. + +* Know when/where to budget and when/where to enjoy yourself - money and mental health are linked. + +* All praise the flowchart. + +Let's get into this. + +**About me** + +I'm a bloke in my early 30's who has been based in the North of England pretty much their entire life. I'm married with no kids and currently looking to buy a house. I'm in the fortunate position of renting in a family owned property. My wife does not work. + +My current financial stats: + +* £14k in Premium bonds - this was a gift from my dad for a house deposit. + +* £8k in a LISA - this was part of the gift from my dad, partly of my own savings for a house deposit. This is £10k with government contribution. + +* £7.5k in a S&S ISA - I have had this for around 2 years now. + +* ~£30k in pension. + +* £41k salary, 6% matched pension. I have recently transitioned into the tech industry. + +**How long I've worked for** + +Despite being in my early 30's, I've only worked for 5 years after university. I repeated a year in Sixth Form which added on a year, spent ~2 years getting my Masters instead of 1, and another 1.5 years working abroad/going on holiday/being unemployed/generally having a mid life crisis. + +The sectors I've worked in have primarily been in the chemical sector and now I work in the tech space, specifically for financial services. + +**Salary progression of an average bloke** + +* ~£16k @ 22 with a BSc, no experience. + +* ~£22k @ 24/25 with a Masters. Worked here for ~1 year. + +* ~£24k @ 25/26. Worked here for ~2 years + +* Mid life crisis in Asia @ 28. Worked here for ~6 months. + +* Unemployed/bumming about for 6 months. I saw more of that side of the world during the midlife crisis. + +* Back in the UK, ~£33k @ 29/30. Worked here for ~2 years. + +* Contract ended @ 31/32 during the pandemic. Taught myself how to program. Unemployed for 6 months. + +* Offered new role recently. £41k @ 32. + +**What I'd change if I went back in time** + +Learning about pensions is definitely something I wish I did sooner. I'd always max out employer contributions at a young age. + +I also wish I started investing earlier instead of making bad financial decisions with extra cash e.g. buying a literal brand new car (as in zero miles). I was lucky though as I managed to part-ex said car for more than what was left on the loan. Would not do that again purely from all the stress after discovering the very meaning of depreciation in the worst way possible. + +**What I'm working on in the future** + +The plan was to essentially survive the pandemic, financially and literally. Once that's done, I look forward to buying a house and hopefully starting a family in the near future. It's been depressing dipping into the house deposit to afford food and heating and I've genuinely felt like a failure the past half year. It's a huge relief to be able to look forward and start saving again. + +In terms of mental health, my new job allows me to work remotely and I plan on spending more time exercising, seeing my (slowly) ageing parents, and more quality time with my partner. One thing I've realised over the past 6 months of unemployment is I'm extremely insecure about my salary and I can be overly paranoid making small financial decisions. These are things I aspire to improve on over the next 12 months and hopefully feel satisfied knowing that in the North of England, £40k+ is a great salary and that higher salaries come with higher hours (generally). + +In terms of finances, carry on pushing money into the S&S ISA and maybe increase my pension contributions. + +**Conclusions** + +Being realistic, I think I do great for my current location and age although completely get that it's hard to feel like that sometimes, especially in this sub where there are some definite 1% earners in here. In terms of ambition, I think I'd stop chasing money if I had a salary of ~£60k and remained in Northern England although often wonder if I would once I hit that milestone. + +Lastly, I'd like to say thank you to the community for all of their wisdom and hope this post was a little more relatable than the posts we see and make us feel a little sad about our own progress. + +I don't think there will be many, but I'll answer any questions I can. + +EDIT: + +Can totally understand a lot of the critical comments. This will most likely feed back into what I mentioned about insecurity about my own financial situation and something I'm looking to change. The responses are a clear indicator that I really am doing much better than I think I'm doing and I'm entitled in thinking that I'm an average person when I'm clearly not. So, thank you to everybody who responded. +The headlines are so negative and yes, economies are slowly opening, but indices are headed upwards. In the face of headlines like 25% of people now paid by Gov in UK, US jobless at 14.7% (20m) post-war high. UK set to enter worst recession for 300 years.... + +Is it just QE buoying up asset prices or have all these headlines already been priced in? +This is more on what classical falls under portfolio and alpha blending I think. And likely more natural to think of this in the context of mid and low-frequency systems but in principle applies to any setup. + +Consider an "alpha" to be a portfolio action for simplicity. And consider a prediction to be a distributional prediction of some returns (next frame or whatever is the investment frame). Ignore costs and path wise dependence and trade impact for this question. + +Does anyone have any good links or references on the problem of "averaging optimal actions/alphas" vs "averaging distributional predictions" then finding optimal actions? + +So for example, you might have two algos. One handles (AAPL, MSFT) and the other handles (GOOG, MSFT). Each gives an alpha. Each gives some distributional prediction of the joint density of \*their\* pair. You can take a convex combination of the alphas, or you can find a distribution of (AAPL, MSFT, GOOG) that satisfies the marginals given by each model and is close to some prior \*then\* find the optimal action for that. + +My impression that almost all firms operation on an alpha-blending basis. I have a hunch at least one firm does not but I need to go through some examples to get a sense of how big this difference can be. +I wrote a function to give me pivot points of highs/lows but more often than not the price is supported/rejected *close to* previous S/R rather than *exactly on it*. As a result, my list of levels include many prices that are extremely close to eachother, that a human eye drawing support would probably plot just 1 horizontal line for. + +I'm not sure how to approach this in a way that would work for other charts/assets as well (since the % difference between 'close-enough' levels would be different) + +I'm using python, and here is an illustration from TradingView: + +&#x200B; + +[The levels in yellow would be 1 level in my eyes](https://preview.redd.it/vchppzt8031a1.png?width=1214&format=png&auto=webp&s=d11adb84ce6353ad21bd6e5b42792bacba37e98e) +Welp..I have a confession to make: I'm a dinosaur in the trading world. + +I still point and click. I make money, but I could make way more if I just knew how to code. +It's not that I want to get into HFT or something, but market activity is more spread out throughout the day and I just cannot sit in front of the machine 20hours and commercially available stuff just doesn't cut it. + +Somehow I have to start....but where? Which language should I begin with? Phyton? + +In the first place it's not about analysing big amounts of data, but rather sending orders and managing positions. I have ideas, I know how to price stuff, I see the opportunity, but I cannot grab it, because I'm either too slow or I can't execute 2000 tiny trades over the course of a day. + + +A lot of you guys probably started coding first and got into trading later, so programming languages are easy for you to learn. + +But for me...I cannot even install a piece of software from GitHub. +How should I go about it? + +If I come to the conclusion that I will never be an algotrader, that's ok. But at least I can hire somebody to code for me and understand what he does. + + +Thanks guys +I'm trying to calculate daily volatility for a forecasting project. All the resources online seems to be looking at annualized volatility they do the std dev over a time period of the returns, and then adjusted over a year. However, if I'm looking at daily vol, does it just make sense to do: abs ( log (t) - log (t-1) ) ? + +Edit: Math-wise nothing seems wrong, one post seems to suggest that variance is cumulative and you want to sum it over a period of time. However, I'm going to use ARIMA/GARCH so non-independence is already accounted for. +Those who got reactively mad at Tesla for selling Bitcoin totally missed the point that it was to prove that it can actually bring profits to a company. Tesla didn't purchase Bitcoin *that* cheap yet they were able to make **$100 million** in profit while still maintaining the strong majority of their holdings. + +This is likely to create FOMO both in individuals and especially other companies. + +In other words: Bullish! +I can only imagine how many of us European apes can't just make a simple 6/9 minute phone call and get our shares DRSed like the rest of the sub. Shit, the fuckin eToro does not even allow you to transfer out of them to any other broker.  + +But thats just an excuse, for people who still think that not **every registered share matters**. With this paycheck **I was able to register X shares**. And I know that **EACH share matters**. The IBKR way works, and I will share all my steps. + +&#x200B; + +[ Me joining my fellow Apes who have already direct registered their shares with ComputerShare ](https://preview.redd.it/febe17lj6eq71.png?width=1023&format=png&auto=webp&s=308fcec3e717d6acdc98fcca6ed3112932fda58d) + +# 1. Open an account with IBKR + +It took 1-2 business days to verify my account. + +# 2. If you want to transfer, check if you can transfer SOME of your shares to IBKR. + +Now my primary broker is eToro, and I don't have that option, but you should check yourself. The **transfer options are located under Transfer & Pay > Transfer Positions > ACATS**. Check if your broker is under the dropdown menu. Now I hope I don't get called a shill when I say "some of your shares", as I definitely **mean at least 80% of your shares.** Keep in mind that in MOASS, 1 share sold will be RETIREMENT money. If I could transfer out of eToro, I would have registered 95% of mine. +**Note:** there might be some associated fees with your possible transfer. E.g. Revolut transfers are possible (as their broker is DriveWealth), but you need to have 100$ as a transaction fee (either in your IBKR or your Revolut trading account). + +**If you don't want to transfer or it is not possible to do, then:** + +# 3. Fund your account. + +I know this might be the hard part - but wait for your paycheck, or look around you and sell some unnecessary stuff. I bet there are many things you can do to get about 200$ for at least 1 share. Keep in mind that the transfer to ComputerShare costs additional 5$. + +# 4. Buy that discounted GME and jack your tatas + +Congratulations, you just got yourself one step closer to the MOASS. + +# 5. Wait for 2 days for the trade settle. + +Your transfer will be rejected if the trade hasn't been settled yet, as the T+2 rule applies here. + +# 6. Send a simple message to IBKR asking for DRS transfer. + +The IBKR support guys can be contacted from **Account management > Message Center > Compose > Fund & Banking > Position transfers**. My message was basically saying:  + +*"Please DRS my whole GME position to ComputerShare."* + +To which I received a response: + +*Please confirm how many shares, and that you accept the fee of 5$ for the transfer.* + +**I confirmed.** + +3 hours later I received confirmation letter that the transfer has been initiated.  + +&#x200B; + +[IBKR initiated the transfer](https://preview.redd.it/9rh1b9ml6eq71.png?width=782&format=png&auto=webp&s=50fbcd351a2a56b769dd2e6bd2ccc26f5d5be1fa) + +So, to summarize, **you should be able to direct register your shares using just the below template**: + +Subject: **Direct transfer my GME position to ComputerShare** + +Body: **Hi** + +**I would like to DRS my X / XX / XXX** (or whatever) **number of shares of GME from my account to ComputerShare.** + +**I am aware and I agree with the 5$ fee for the settled transaction.** + +**Thank you** + +To which, you should receive the automatic confirmation when the process is initiated (mine was quite fast, 2-3 hours at most). + +# AND THATS IT. NO EXCUSES. IBKR is the way to direct register the shares for Europoors. It is really just THAT simple. + +PS. I am from Bulgaria, so the conspiracy theorists might question my English as well, as they do the landing on the Moon. + +Not a financial advise. +VYM = Vanguard High Dividend Yield ETF - [https://investor.vanguard.com/etf/profile/VYM](https://investor.vanguard.com/etf/profile/VYM) + +Most of my portfolio is in growth stocks, (VTSAX+VTIAX) and I have become interested in dividends and would like to throw any extra money I have in them + +Would I be going wrong to put it in VYM? I would keep the growth funds but this would be purely extra money. I would prefer one fund over picking several individual stocks + +What are your thoughts on VYM? It seems like the dividend yield is around 3.7% but it also the stock value itself has seen growth +I browse this sub once a week or so, reading the posts of people celebrating their milestones, and sharing insights about their portfolios and analysis. I enjoy the slow, methodical approach to actual investing here just as much as I appreciate the rapid paced trading that I see in other subs. This sub seems to ground me back to reality - seeing people succeed not by YOLOing into risky options trades, or betting their retirement funds on a handful of meme stocks - but rather just playing the percentages game, and letting compound interest do all the work. + +However, one thing that I’ve noticed developing over the last year or so is this feeling of borderline elitism that some members give off when discussing high yield buy-write funds like JEPI/JEPQ, ETV, CII, etc. “They’re capping your gains by selling covered calls!”, “Don’t put any higher allocation into these funds than you would into a single position!” or variations thereof are frequent narratives against buying them… And for the life of me, I can’t figure out why. + +“You’re capping your gains to achieve higher yields!” Okay? So? That’s… the entire reason I’m holding them. My goal is to seek income from securities, and *that’s the* *point* of these funds. I want income, so I bought an income fund. If I wanted growth, I’d buy a growth fund. For some of these, you get a bit of both, which is the main reason I would buy a fund like JEPQ or ETW as opposed to a safer bond fund like BND, or a riskier growth fund like TQQQ. Ironically, the same argument against buying a buy/write fund could also be made against holding strong dividend companies like O, T, F, etc (which are held by a lot of these funds anyways, but we’ll get to that later). It’s not usually until after companies mature and slow their growth that they finally start paying higher dividends, if any. It’s why Alphabet doesn’t pay a dividend, and arguably why Apple doesn’t pay a higher one. So if your goal is to seek dividends, *seek dividends.* You’ll make more in *dividends* with 100k of ETB than you would with the same investment in VOOV, with roughly the same beta; which leads me to my next pet peeve. + +“Don’t put any more than x percentage into any one of these funds. You have to diversify with individual holdings, too.” I can understand the rationale behind this, I really can; business risk is a real thing, and these funds aren’t guaranteed to exist forever. That being said, these funds are also far better diversified than most of us will ever be, and they’re managed by people who have been doing this professionally for years. They have access to better information, tools, and connections than you or I ever will. Does that mean they’re immune to being mismanaged? Absolutely not. But it does help shift the responsibility of analyzing earnings reports to the funds, not myself. So take a dive into the funds, and reward the ones that do their homework with your money, just as you would with any other company. And if you still really feel like it, you can “diversify” into NASDAQ based funds all you want by buying JEPQ, QYLD, and CII at the same time, but all that ends up happening is you end up buying the same MSFT and NVDA shares, just under a different name. Again, totally your call if you’re that concerned about the fund going bankrupt, but it’s likely overly cautious. After all, I have a strong feeling that JP Morgan or Blackrock will be around for much longer than anyone here will be. + +Anyways, rant over. If you’ve done your homework, and want to purchase shares of a buy/write fund, don’t let some smug internet stranger make you feel like an idiot for buying them. I personally throw as much as I can afford into a ROTH IRA containing JEPQ (for NASDAQ exposure), JEPI (S&P 500 exposure), ETW (global exposure), ETV (predictable dividends, with a secondary goal of growth), and a small position in UWMC that I immensely regret buying at $5 a share (but try to assuage my brain by calling that one a LoNg TerM pLaY). I have DRIP turned on for all of them, and I plan on simply turning DRIP off someday and enjoying the income to pad my measly 401k and Social Security, if it still exists by then. +https://www.reuters.com/world/us/injuries-reported-after-roof-collapse-amazon-warehouse-illinois-ap-2021-12-11/ + +Six Amazon.com Inc (AMZN.O) workers were confirmed dead on Saturday after a series of tornadoes roared through a warehouse near St. Louis, ripping off its roof and causing 11-inch thick concrete walls longer than football fields to collapse on themselves. At least 45 Amazon employees made it out safely from the rubble of the 500,000-square-foot Edwardsville, Illinois, facility, fire chief James Whiteford said. Authorities had given up hope of finding more survivors as they shifted from rescue to recovery efforts that were expected to last days. Tornadoes ripped through six U.S. states Friday night, leaving a trail of death and destruction at homes and businesses stretching more than 200 miles. The Amazon facility was hit about 8:38 p.m. central time, Whiteford said. The force of the winds was so severe the roof was ripped off and the building collapsed on itself. + +Witnesses said workers were caught by surprise and forced to take shelter anywhere they could find. "I had a coworker that was sending me pictures when they were taking shelter in the bathroom, basically anywhere they could hide," said Alexander Bird, who works at a warehouse across the street. "People had to think on their feet quick." Amazon said all employees were normally notified and directed to move to a designated, marked shelter-in-place location when a site was made aware of a tornado warning in the area. Emergency response training is provided to new employees and reinforced throughout the year, the company said. + +It was unclear how many workers were still missing, as Amazon did not have an exact count of people working in the sorting and delivery center at the time the tornadoes hit, Whiteford said. Colleagues and family members desperate for news about loved ones gathered outside the mess of concrete and steel. Amazon truck driver Emily Epperson, 23, said she was anxiously waiting for information on the whereabouts of her workmate Austin McEwan late Saturday afternoon to relay to his girlfriend and parents. "We're so worried because we believe that, you know, he would have been found by now," she told Reuters. + +Earlier, Amazon CEO Andy Jassy posted on Twitter that the company was "heartbroken over the loss" of its staff members and would continue to work closely with local authorities on the rescue efforts. Amazon founder Jeff Bezos echoed Jassy in a statement shared on Twitter later on Saturday, in which he pledged the company's support to the community. "All of Edwardsville should know that the Amazon team is committed to supporting them and will be by their side through this crisis," Bezos wrote. The billionaire had been in Texas earlier in the day to greet astronauts, including the daughter of pioneering astronaut Alan Shepard and former NFL star Michael Strahan, as they returned from a space trip aboard his Blue Origin rocket. +I think there was some junior analyst at JPM that has been telling their co-workers and supervisors about GME’s strategy evolution from B&M to online and metaverse for the past year. I further speculate that the same junior analyst started pointing out that DRS was building steam and would pose a *serious* problem for JPM prime banking SHF clients who were (net short)^arrogance. That’s a lot of net short. + +Confirmation bias works both ways. My gut, which is connected to my itchy asshole, tells me that some supervisor at JPM finally stepped away from the confirmation bias of “B&M is dead” and actually reviewed some DD that was not provided by sell side analysts – perhaps they even listened to the junior analyst while sharing a coke. + +JD and the JPM crew DON’T LOSE MONEY. JPM apparently and recently significantly increased their long position on GME (and likely other related stonks), most probably to offset the risks buried in their swap agreements. Having positioned for the MOASS, they can now kick start it by proclaiming to the world that a short squeeze is imminent. + +TLDR; JPM thinks they are smart and first, but we all know Apes are smarter and firster. + +Edit - corrected spelling for JPM. i’m so retarded that i can’t even spell initials. +Here’s mine: + +Fix the system + +- destroy citizens United +- remove the filibuster (?) +- limit lobbying +- extreme punishments for insider trading / force government officials to only invest in broad market etfs +- age limits for government officials must be younger than 70 on inauguration date +- term limits for judicial branch +- implement some level of ranked choice voting + + +Energy Independence + +- restart keystone pipeline (?) +- continue investments in diverse renewable energy, nuclear as a priority +- expand public transit +- financially support dying industries like coal, provide those workers with income if their jobs are lost, provide 10 year timeline for phasing out coal + +Income inequality + +- end corporate socialism / corporate bailouts +- reduce military spending +- tax the wealthy via tax brackets of the 1950s/60s +- use tax revenue to fund education for youth and increase minimum wages to $17 or equivalent COL value +- vacancy taxes for property owners +- one time $10,000 student debt cancellation for low income earners (to get them to shut up) +- liability for student loans moving forward. Treat student loans like business loans. Ability to declare bankruptcy without student loans sticking with you forever +- move to a progressive consumption tax +- add some sort of micro tax on high frequency trading +- crypto regulations +- legalize sports betting, marijuana and tax the ever living shit out of it (use to fund schools and low income support initiatives) +- redistribute social security from high income earners to low income. No reason for millionaires/billionaires to get identical benefits as senior citizens living in poverty + + + +Broader short term market adjustments + +- a transparent interest rate algorithm. i.e. 0.25% interest rate increase each quarter until inflation slows below 3%, 0.25% interest rate decrease quarter until inflation is above 2% + + +Edit: + +Seems like removing the filibuster is an extremely hot take. I’m not married to any of these ideas and to be clear this is mostly a thought experiment - I don’t expect the President to have God King powers +You know what I think they are so pissed about? Not only are they about to lose a freight load of money, but I think they intended to lead retail by the nose through all the pump and dumps we've seen, fleecing the plebs along the way. Instead their game stopped with Gamestop. + +They looked at us like bumbling idiots while placing themselves on an intellectual throne, thinking "We deserve more because we are better. If they fall for our illegal manipulation, well then it's really their own fault for being so dumb. Survival of the fittest." + +We hit them where it hurts the most. Their EGO. + +We didn't fall for it. We saw through your schemes. We recognized that we could make money while serving you justice. We DO have the patience to see it through. You are not better. You're just lowlife criminals. A fancy suit doesn't change that. Your money has worth. + +You do not. +Hi all, + +I'm a 20-something who's been working for around 5 years. In that time I've accumulated around 40k in pension contributions. My company's private pension plan was setup with Aviva. I'd never paid much attention to \_what\_ my pension contributions were going into, trusting to sense on the part of the default plan. + +I've grown somewhat in my financial literacy and wanted to take a look at the details a few months ago. Turns out my pension contributions were going into a fund that had roughly 40% in Bonds and the rest in UK equities. The performance graph had my investments pretty much returning NOTHING over the last few years - the contributions line and the pension value line were the same. For my own ISA investments I would never have picked a fund like this, and would have instead chosen 100% equities on a Vanguard low-cost North American index (or something like VWRP for that international diversification). + +I don't know why the default fund was set to this - I'm young so the volatility of stocks isn't an issue. I've since adjusted the fund to be the [Aviva Pensions BlackRock US Equity Index Tracker S6](http://www.fundslibrary.co.uk/fundslibrary.dataretrieval/documents.aspx?user=Aviva_lifecust&type=packet_lp_fund_unit_doc_factsheet&Sedol=B0ZDNB5) fund, and now the performance graph is showing the growth I'd expect it to (up 3k over the last few months). + +At the end of the day, you pick your poison. Maybe you wouldn't mind being 40% bonds in your 20's and maybe you'd balk at me selecting a US index if I'm in the UK. Key point for this is - know the details of what your money is invested in so that you're happy with the results. +**Summary** + +My proposal is that text posts and comments must have a body length of at least 50 characters to qualify to earn moons. + +&nbsp; + + +**Why this is needed** + +As has been brought up in multiple recent discussions, there has been analysis done of moon payouts that shows the prevalence of short low effort comments being disproportionately over-represented in Moon payouts. They also have a strong link to abusive moon farming, and a huge imbalance in moon payouts to a small number of accounts hitting the cap by posting these comments. Luckily, the solution is simple. Don't disallow short posts (outside of already existing rules regarding spammy comments), but eliminate the incentive to abuse and spam them for easy moons. + + +&nbsp; + +**Proposed solutions** + +Text posts and comments must have a body length of at least 50 characters to qualify to earn moons. This would not apply to posts or comments that only consist of images with no text content. The mods can remove any post that they feel is padded (has content added with the main or sole goal of reaching the character limit) pursuant to this and existing rules that cover rule manipulation and evasion. + +&nbsp; + +**Reference info** + +This here is an example comment with 50 characters + +Emojis are typically ~2 characters and gif code is about 15. As this proposal is written, gif comments without additional text would no longer earn moons + +[View Poll](https://www.reddit.com/poll/py08w1) +Guten Tag to this global band of Apes! 👋🦍 + +The final day of the week is has arrived, and what a week it has been! Ryan Cohen's anniversary as a board member, Citadel receiving an unusual outside investment to prop up their market-maker arm, huge downward pressure on the price, and Apes furiously DRSing shares to have them counted in the next quarterly report from GameStop. Meanwhile, inflation continues to rise and reverse-repo utilization remains at incredible levels. The institutional shorts panicked last week, spiking the price and shorting just as fiercely in an attempt to price Apes out of options, with the added opportunity to spin a narrative that they fear. + +Meanwhile, GameStop hasn't flinched. They don't need to respond to these attacks, because *everyone* knows that these are the futile attempts of dying predators to avoid their ultimate fate. Sequoia and Paradigm's cash infusion will not prevent the MOASS. The options fuckery will not prevent the MOASS. False narratives planted in the MSM will not stop the MOASS. There is nothing that can stop it, as long as Diamantenhänded Apes continue to Buy+HODL and GameStop continues to quietly revolutionize retail. We're doing our part, and they are doing theirs. + +It must frustrate the institutional shorts to no end that they can't spin and broadcast a betrayal of the Apes by our beloved Chairman, because it hasn't happened. In fact, *none* of the insiders at GameStop who have every right in the world to sell their shares is doing so. They see the revolution they're building every day, and they believe in it. That is enough for me, because I believe in them. + +Today is Friday, January 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: **$121.72 / 106,19 €** *(volume: 2710)* +- 🟥 115 minutes in: $121.71 / 106,18 € *(volume: 2583)* +- 🟥 110 minutes in: $122.14 / 106,55 € *(volume: 2070)* +- 🟥 105 minutes in: $122.28 / 106,67 € *(volume: 2057)* +- 🟩 100 minutes in: $122.31 / 106,70 € *(volume: 1914)* +- 🟩 95 minutes in: $122.11 / 106,53 € *(volume: 1657)* +- 🟥 90 minutes in: $122.08 / 106,50 € *(volume: 1549)* +- 🟥 85 minutes in: $122.25 / 106,65 € *(volume: 1516)* +- 🟩 80 minutes in: $122.28 / 106,68 € *(volume: 1489)* +- 🟥 75 minutes in: $122.11 / 106,53 € *(volume: 1351)* +- 🟥 70 minutes in: $122.17 / 106,57 € *(volume: 1291)* +- 🟩 65 minutes in: $122.27 / 106,66 € *(volume: 1169)* +- ⬜ 60 minutes in: $121.79 / 106,25 € *(volume: 1071)* +- 🟥 55 minutes in: $121.79 / 106,25 € *(volume: 1041)* +- 🟥 50 minutes in: $122.54 / 106,90 € *(volume: 390)* +- 🟥 45 minutes in: $122.55 / 106,91 € *(volume: 356)* +- ⬜ 40 minutes in: $122.65 / 107,00 € *(volume: 340)* +- 🟥 35 minutes in: $122.65 / 107,00 € *(volume: 298)* +- ⬜ 30 minutes in: $122.91 / 107,22 € *(volume: 276)* +- 🟥 25 minutes in: $122.91 / 107,22 € *(volume: 243)* +- 🟩 20 minutes in: $122.94 / 107,25 € *(volume: 204)* +- 🟩 15 minutes in: $122.77 / 107,10 € *(volume: 198)* +- 🟥 10 minutes in: $122.65 / 107,00 € *(volume: 192)* +- 🟩 5 minutes in: $122.67 / 107,01 € *(volume: 172)* +- 🟩 0 minutes in: $122.65 / 107,00 € *(volume: 167)* +- 🟥 US close price: $122.48 / 106,85 € *($122.50 / 106,87 € 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 1.1463. 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! +So I have received many feedbacks saying I’m not clear and they’re right. First of all, buying and selling on GameStop NFT, Opensea, Rarible, etc are safe to use. Sorry I wrote this super fast after seeing the free NFT mint post and saw many people sign up with their loopring address which tells me that’s their main wallet. Other than buying NFTs from GamestopNFT or Opensea, you can also mint a collection’s NFT on their site. When you mint a collection/project/company’s NFT, you connect your wallet, sign a contract, pay (or free) with gas, and you get your NFT. This method costs the creator nothing and if charged, can make lots of money really fast. There has been free ones that made it big but most of them die out or are scams. +There has been a huge increase in free mints in the NFT space recently and many ended up draining people’s wallets. These scams ask you to sign a contract that allows them full access to your wallet. So you think you’re minting but you’re not. If you want to mint, use a burner wallet that doesn’t contain any valuable NFTs or coins. I’ve seen people give their Loopring address for minting so if there’s money in those wallets, they can all be taken out if the mint contract is asking permission to access those assets. I know a lot of people in this sub are new to NFTs so they don’t know about the scams that’s happening. Whether it’s free or paid, don’t ever use your main wallet to mint NFTs. EVER! One bad move and that’s it, you’re not getting any of it back. No way to reverse it or anything like that. For some reason, many people think it’ll never happen to them, but there’s a high chance it will. +I mint NFTs all the time. I have my main wallet with valuable NFTs and coins that never connect to anything so it cannot be accessed other than me. I have a burner wallet for minting which contains the bare minimum amount to pay for minting and gas. If they hack that wallet, there’s not much in there anyways so I stop using it and start a new wallet. The small fee you pay for transferring coins and NFTs is like insurance against losing everything. +I saw a Humpty Dumpty free mint post earlier. It says they’re giving away 500 WL spots out of the 1000 supply to Superstonk which seems really suspicious. This is what we call a red flag. As if they’re targeting new people with potentially large amounts in their wallets. If you really must mint, use a burner wallet. Get metamask or whatever just for minting. I’m not trying to scare people. Just want people to be safe and don’t use their main wallet to mint someone else’s NFTs. Buying on GameStop NFT, Opensea, or other reputable marketplaces are safe. +I am wondering why ETH - which has the Ethereum Alliance growing all the time, a new ETF launched, and successful forks and upgrades taking place - is not only not increasing in value, but currently is dropping. Anyone got an explanation? + r/https://twitter.com/VitalikButerin/status/1050126908589887488 + +Address: + +[https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b](https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b) +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! + +SoftBank keeps on making headlines. They just announced that they're going to sell Arm Holdings to Nvidia. Just in case you aren't aware, the majority of all mobile phones currently in existence is using ARM processors using IP owned by Arm Holdings. Also, Apple recently abandoned Intel's x64 CPUs in favour of a new ARM-based architecture for their new line of MacBooks. + +Nvidia used to be all about GPUs, then they expanded into the HPC market and now they might even expand into the mobile device market. Who knows. + +Where do you think this is going? Could this be the foundation for a completely new line of products? Do you have any big moves planned for Monday? + +Source: + +[https://www.ft.com/content/6bfe40a5-2426-4743-98cd-6fed9dd01b98](https://www.ft.com/content/6bfe40a5-2426-4743-98cd-6fed9dd01b98) +I hit my 5 year anniversary at my current company this week. I've been given the choice of either a $4,000/year salary bump (going from $66k to $70k), or an extra week of vacation (going from 2 weeks to 3 weeks). Which makes more sense financially? Like what's the best way to figure out how much the extra 5 vacation days are worth monetarily and compare that to the $4,000 raise? I know the real answer is more philosophical ("Will you get more personal enjoyment/fulfillment out of the week's vacation than the monetary value of the raise?"), but I'm asking strictly from a numbers standpoint. + +&#x200B; + +**EDIT:** Just to putting some additional info here via answers I've given in replies: + +\- I get a yearly raise (I started at 40k and am now up to 66k) + +\- I get a very good Christmas bonus each year (last year was $10k before taxes) + +\- I plan on staying there for the foreseeable future + +\- I get a separate week of Sick Time +People are literally living in their cars waiting for this. I told her the truth: I will die before I sell these fking shares. It sounded strange coming out, but that’s the facts. +Hedgies, adjust your tactics, because I’m not the only one. So you’d better hire a nerd to write a computer program that accounts for retards holding from beyond the grave, because that’s who dafuk we are. Good Luck. We can wait longer than your actual lifetime. Deal with it. And get fukt. +I just discovered: [https://predictany.com/tournament/](https://predictany.com/tournament/) +It shows insider trading buys and sells of super predictors in the stock and options space. + +Can I base my trading off of this data? Has anyone tried this? Is there any flaw in this strategy? + +I read The Vital Few vs the Trivial Many, by George Muzea. He runs a hedge fund on this exact strategy and is very successful at it. I would like to know about insider BUYING - most sources don't mention any downsides to this. Your thoughts will be of great help. Thank you! +I've gotten a lot of requests over the last few months to make a post when I FIREd, so here it is. + +My wife and I are both 50, and we've both been working in professional careers for 25 years. I'm an accountant and she's an attorney. We both worked for the same Fortune 500 financial services company. We announced our retirements about 2 months ago and Friday was our last day of work. + +My 2015 income: $135K + +Wife: $225K + +Expenses in 2015: $115K (not including taxes) + +Assets: $1.9 million in 401(k)'s, $0.3 million in Roth IRA's, $1.2 million Vanguard brokerage account, $0.2 million pension, $0.3 million deferred comp, $0.4 million "cash" - Total ~$4.3 million + +We are planning on annual expenses of about $150K (including taxes). That will be about a 3.5% withdrawal rate. + +Our pensions are each set to pay out over our individual lives. It will be about $12K/year total. The deferred comp money will pay out over 10 years starting next year, so about $30K/year. That leaves about $110K/year coming out of our cash. + +We decided we wanted to hold 2 years of expenses in cash initially. Since the early years of retirement are when the portfolio is the most vulnerable to bad equity markets, we decided to hold more cash so we wouldn't end up selling investments at a large discount if the market tanked in the early years. I realize that this is most likely giving up some investment earnings on that cash, but we were willing to give up return in exchange for some "insurance" against the market going badly against us right after retirement. + +The plan is to replenish the cash over the first 5-7 years whenever the market is up while depleting the cash if the market goes down. By the time we are 7 years into retirement our plan is to hold 1 year of cash and replenish it from investments quarterly. + +I'm pretty conservative, so we have considered what would happen if our investments performed terribly for a prolonged period of time. We could fairly easily cut our annual expenses to $100K and still feel like we were living pretty extravagantly. + +What will we do all day in retirement? Not sure yet. I have all kinds of ideas, but I will have to see how everything plays out and what really keeps my interest. + +First things first though. We had to plan out chores. While we were working we had a housecleaner who took care of most of the regular cleaning, ran the occasional load of laundry, and took care of some little things around the house. We've cancelled that and divided up the household duties. We are keeping the lawn guy because he is a friend and is pretty cheap. + +For right now I am greatly enjoying not being at work today. We got up, had breakfast, took a 6 mile walk, and then I did a short workout. We ran a couple of errands, and now I am facing unpacking 3 boxes of stuff I accumulated in 25 years working at the same place. + +If anyone is interested I will post occasional updates, and of course I am happy to answer any questions. + +Edit: Lots of questions about expenses, and I should have expected that. + +We live in a LCOL area in a small Midwest city. + +Budget (I tried to simplify it since my budget is very complex) + + +*Mortgage 1: $1K/month (5%) + +*Mortgage 2: $400/month (5%) + +*Health insurance: $800/month + +*Other healthcare: $1K/month + +*Car loan: $750/month (5 years 0%) + +*Condo near parents: $1K/month + +*Charity: $2K/month + +*Travel: $1K/month + +*Food (Dining out and groceries): $1K/month + +*Utilities: $350/month + +*Entertainment and gifts: $500/month + +*Insurance (LTC, Auto, Home): $500/month + +*Other: $1,800/month + + +Yeah, I know some of you will say that you live quite comfortably on my "other". I know I have a very cushy lifestyle. Other includes contingencies like house repair/maintenance, lawn guy, gas, electronics, wine, you get the idea. +Coming here to celebrate a bit as I don't have people to share this with IRL. TL;DR at the bottom. + +But wow feels freeing! Last night I realized that if I let my investments grow across taxable, 401k, and Roth IRA that we'd hit our number by age 60 in average markets. + +Have to say the pressure feels off now. We'll be okay. We'll hit bumps I'm sure but we have enough to weather the storm. Now it's all about staying the course and speeding up that time horizon. + +And while the weight on my shoulders feels less, *the motivation is stronger than ever*. + +We're married, 31 years old, 1 kid so far. I'm +90% of our income so feel daily pressure (that I put on myself) to keep the pedal down and keep the family in a secure spot. + +I've been incredibly fortunate to get some lucky timing in my career that's accelerated earnings last three years or so. No startup stock excitement or FAANG, just moved into sales and uncapped commissions are really good when they're good with the right company. Have grossed over $300k last two years which is the bulk of the accelerated savings. + +Investments just crossed $600k and the goal is Chubby FIRE with a target investment portfolio in the $3.5m range. Possibly higher if I'm still motivated to make bigger career moves in 5-10 years. + +**Backstory that you probably don't care about but I always like to read others so...** + +Started my career out of college with minimum wage grunt desk work. Moved up with some raises and promotions in the $50k-70k range and thought I was doing really well. + +Learned about budgeting and YNAB through that time when I realized my bank account wasn't growing on $7.50 an hour and living downtown. + +Got hints of "FIRE" type ideas but was more excited by compound interest and getting rid of debt. + +Built some good financial habits in that time by sticking to budgets, attacking debt, and investing what I could, but realized to get ahead I'd need to earn more in order to save more. + +Doubled down on personal development and career growth and was lucky to have mentors along the way who helped me level up. + +**Goals now are**: + +* Don't fuck it up +* Build more stability in our careers through this high-earning phase. I always assume I could get fired tomorrow. +* Don't lose sight of family +* Avoid significant lifestyle creep and spending (a bigger house was our big shift through income increase but otherwise we're fairly frugal. Don't daily/monthly budget anymore though) +* See what we can do about income taxes if anything +* Stop holding onto so much cash... I've got 20% of liquid net worth in cash right now and it's much more than we need. It's my comfort blanket. + +**TL;DR and Unsolicited Advice** (I used to get really jealous at people earning what I am now so I get it if you've bounced and downvoted. Keep at it.) + +* Investments crossed over $600k this week and would get us to retirement goal by age 60. The realistic goal for true "FIRE' is 6-12 in our late 30s or early 40s depending on markets and earnings. +* Keep using the r/personalfinance flow chart. It's a great way to remind yourself of what's next as your career advances or you're crossing off goals. +* Ask for help and give help often. +* People roll their eyes but your net worth is your network. It's very hard to improve yourself if you're not around people better than yourself. +* Personal development isn't woo-woo. Books that have helped me are often marketing or business-related. Helps me speak to a higher level with colleagues, build rapport, and translate business wins into a career. Like "80/20 Sales and Marketing" - all about Google Ads but learning about the Pareto Principle from that book has literally changed my life. Then layer that mindset in with Gallup Strengthsfinder, and The One Thing goal setting. I can work on weekly goals towards a bigger one, leveraging the biggest strengths I have towards the difference-maker. +* (not saying those will work for you, but they have worked for me. I ignore other PD things. I'd just urge you to lean into that a bit more if you haven't and have an open mind. If you find someone you like, read or listen more. If you don't like who you're consuming, move on without finishing) +* Chasing money is unfulfilling (after a point). I mostly had monetary goals and still do, but as I keep crossing milestone earnings or salaries there's a point where lifestyle, work environment, and happiness are more important. I passed on a job which would have been much more money because it didn't align with those. +* Don't measure your beginning to someone's middle or end. If you can be motivated by them great, if not give them a mental thumbs up and move on and focus on improving your tomorrow. +* Never stop learning. I have some privileges that I'm mindful of and I'm sure have helped me - or at least not hindered me. I'm also coachable, competitive, love to learn, and passionate about what I do. +* Celebrate the wins. +* Find a hobby that's not work-related. +* /endTedTalk + +If you read this far thanks and I hope it's been helpful. I'm bad a celebrating my wins so this is my attempt to do that here in a community that's helped me a lot. +You're doing it wrong! Not you, singular; but you, collectively. Among you, there are people undermining their personal wealth by doing things that seem like good ideas, but, in hindsight...don't really work out that way. + +Here are ten things you might be doing, and why not to do them. (We've covered some of these in other posts, so this is primarily a handy checklist.) If you are not doing any of these, take a victory lap! + +1. **Spending more than you make**. No explanation needed. Don't do that! Even if you like buying things, or don't have much income, or hope to get a better job soon. Make a budget, and stick to it. Make automatic savings contributions before you even look at your checking account balance. Establish and maintain an emergency fund. If you rely on a payday loan to avoid eviction, you're doing it wrong. + +2. **Financing a car that is [too expensive](http://genxfinance.com/your-car-is-making-you-poor-and-what-you-can-do-about-it/)**. For example, one that costs almost as much as your annual take-home pay. Even if it's really cool, or one you've always wanted, or you want a warranty. Please don't do that. You can't afford it; you'll be underwater and can't pay off the loan even if you sell the car; your insurance will be too expensive. You can get a reliable used car for under $10,000. + +3. **Carrying a balance on your interest-bearing credit card**, because you think it [improves your credit history / score](https://www.nerdwallet.com/blog/finance/credit-score-does-carrying-a-balance-help/). It doesn't. You just pay interest. You want to use a card to generate positive history, but you also want to pay off an interest-accruing card in full. Every month. No exceptions. And yes, that means you can't use credit to finance your lifestyle (see point 1). + +4. **Taking out a loan to establish your credit history**. You do not have to do that, when you can do the same thing with a credit card that you pay no interest on. Taking out a car loan as your first credit transaction is a very expensive mistake. A car loan with a double-digit interest rate means you are doing it wrong. + +5. **Not taking the match from your 401k**. Even if you watched John Oliver's show about 401k fees and you are now a born-again mutual fund expense watcher...please, please take any match your employer gives in your 401k. Even if the fund choices have 2% fees, it's still free money. Even if you have expensive credit card debt, which you shouldn't, the match is probably still the right move. You could be making 50% one-time gain on your money; that will cover a lot of fees. + +6. **[Cashing out retirement funds](http://www.rothira.com/blog/never-cash-out-retirement-accounts-when-switching-jobs)** to pay for things, or when you change jobs. This is almost never a good idea. Even if you can do it, you shouldn't. That $20,000 in the 401k from the job you just left looks like it might be a good way to make a down payment on a house. Don't be tempted. It will be much more valuable to you as $100,000+ when you retire, than as the $12,000 you'd be left with after paying taxes and penalties on it in the 25% federal and 5% state bracket. + +7. Buying a house only to avoid **[throwing away money](http://www.thesimpledollar.com/the-nonsense-of-rent-vs-buy-myths-that-ruined-the-housing-market/)** on rent. You need to live somewhere. Renting is almost always cheaper if you aren't sure where you want to live two, three or even five years in the future. Your transaction costs to purchase and then sell a property are "thrown away", as are your payment towards interest, taxes, insurance, maintenance and repairs. (Renting it out later isn't as easy or profitable as it sounds, either.) Even in a hot market, appreciation is not guaranteed, and major repair expenses are not always avoidable. Buy a house if you can afford to, and you know you want to live somewhere indefinitely, not to save on monthly payments. [Edit: owning a house is financially better as you own it longer. Over a short interval, monthly payment calculations alone are not enough to prove ownership is financially better than renting.] + +8. **Co-signing loans you shouldn't**. While there can be some limited reasons to co-sign a loan, e.g. for your child, never co-sign a loan just because your significant other has no credit, or your parents want a better interest rate. If they need a co-signer, it's because they are a poor credit risk. Once you co-sign, you are on the hook for the whole balance, even if you don't have access to what the money went towards. + +9. **Paying a financial planner to invest your money in a mutual fund with a [5% up-front fee](http://www.fool.com/school/mutualfunds/costs/loads.htm)**. Despite what you might have been told, this is never necessary, and doesn't help you in any way. You can buy alternatives with no up-front fees, and lower ongoing expenses. + +10. **Buying [whole life insurance](http://www.consumerreports.org/cro/news/2015/04/is-whole-life-insurance-right-for-you/index.htm)** from someone you knew in college to "jump-start your financial future", even if you have no dependents. You do not even need life insurance until you have responsibilities after your death. If and when you do have them, term life insurance is much more cost-effective. Politely decline the invitation to a free financial planning session from your old fraternity brother. + +I hope you found this helpful, and you didn't see yourself in any of these. Extra points if you can use these to help your friends and family as well! + +EDIT: THIS HAS TO DO WITH THE BUG BOUNTY PROGRAM ACCOUNTS, NOT THE ICO OR SMART CONTRACT SYSTEM. + +I want to share some thoughts about the Bancor product with you before the ICO. + +As some of you may know, they are running a bug bounty to polish their product ahead of launch, which is a great idea imo. I really believe in bug bounties as they resemble a real world attack scenario as closely as possible. + +So I participated in the bug bounty and found some security related bugs, which were promptly disclosed to the team. So far, so good. +Then I discovered a (in my professional opinion) critical security bug, which could lead to unauthorised access to a stranger's account. This is always a big deal but since the product also functions as a crypto wallet, the implications here cannot be overstated. +The skills necessary to carry out this attack are also really, really low. It's a given that sooner rather than later, this will be exploited. +Again, I did my part and responsibly disclosed the issue, even including a relatively easy way to mitigate the problem while a true fix can be developed. + + +Here's where the trouble starts. + + +Bancor's response, and I quote, was +> I spoke with the team and this is actually not a bug but is something that the team is aware of. + +I followed through to urge them to reconsider, but so far it's been quiet. + +Usually I would give them more time to properly respond but with the ICO rapidly approaching I think it's in the community's best interest that the Bancor team is incentivised to fix this ASAP. + + + +To the Bancor team: I implore you to reach out to me (or any software security specialist really) to fix this issue. This is a bug that needs to be fixed ahead of launch, people's money is at stake here. I cannot stress the importance enough. + + + +Personal note: There are some other security related issues with the Bancor app, leading me to believe that the app was rushed to market instead of being built within a security-first mindset. + +For most software this is a defendable strategy but in this case, it needs to be as bulletproof as possible. We do NOT want another Mt. Gox to shake people's trust in the cryptoverse! + + + +**I think Bancor is a true innovator in the rapidly changing blockchain landscape and their product has the potential to bring tremendous value to the ecosystem. I will still be participating in the ICO (if I don't forget it, lol) because their core product (the smart contracts) seems to be pretty well built.** +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/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! + +Wondering how you keep tabs on it in your absence? Local property manager? And how do you deal with the need for a vehicle? + +Case in question: we are thinking of getting a cabin in the mountains across the country. Don't think we're going to want to rent it out, although we might from time to time. I would like to have a 4WD vehicle for my use while there, but frankly I don't want to pay for a truck sitting there for months at a time unused. + +Just looking for advice on how others have handled this. +I'm going to keep this short and sweet, and I obviously know to work on this with an accountant, tax attorney, etc. But this situation is outside of the norm, and usually professionals work within the norm, so I want to get the opinion of the hive mind first. + +Currently \~40 years old. 1mm per year profit from business (yet to decide on structure) anticipated for the next five years. My understanding is that if I draw the profits as a salary, I will pay the full amount of taxes on them. + +Alternatively, can I pay myself a small salary for these five years (maxing out my 401k), leaving the rest of the money in the business (separate question: can I place the money of the business in index funds?), which will then allow me to continue to take out the money as a lower salary over the following 10 years (lower tax bracket), while also being able to continue to put money into my 401k during that time? Or, if I sell the business with the money sitting there, then I would only pay capital gains taxes at the time of sale? + +Of course, I realize the typical option is to re-invest profits in growth, but that brings different headaches and I would prefer to not risk the capital, so to speak. + +I realize this is 101 type stuff, but I haven't been able to find great advice for how to structure business income that takes into account planning to stop working 20 years before retirement. +Many thanks to the wisdom of this sub, we've paid off all debt except for our 30y 4.125% fixed rate mortgage, which we have paid into for a decade. We were looking to refinancing into a 15y 3% fixed to get the lower interest rate and pay off the loan five years earlier. My question to you all is: does this make sense? Or would it be wiser to maintain the lower monthly cost, set aside the $447 in a solid, conservative investment, and pay it off all at once down the road? I ask because my spouse and I are self employed, and though we have 3 months emergency savings set aside, I am nervous about the risk of the higher monthly expense - if we go a while in between gigs, we could tap into that conservative investment to pay the mortgage without fear of falling behind in payments. Which is the wiser move? + +EDIT: My apologies - there is a lot of info I didn't provide! +First - this is for an owner-occupied two-flat in a very desirable Chicago neighborhood; one floor is rented out at $1400; could bump that up to $1500-1800 but the spouse is desperate to take over the whole building for more room, or move. (That would entail the argument of whether to keep & rent or sell, when we live in Chicago, which is hemorrhaging residents.) The mortgage started at $415k. Our payment is $2165 which includes an escrow of $735 for taxes & insurance. The remaining principal is $277,000. If we refinance the $277,000 into a 15y fixed at 3% (no fees; with $1800 in fees we'd get 2.875%), our monthly payment would be $1913/month plus the $735 escrow for a total of $2648 - $483 more than we pay now. Why we hesitate is all the uncertainty: will we continue to get clients that will allow us to maintain our budget? What will happen with rents - so much new construction (SFH's selling for $800k+ down the block) but data shows people leaving? CPS schools crumbling, pushing us toward leave (do we keep & rent or sell?) It's the uncertainty that makes me wonder if we should lean on the side of paying less in the short term and more in the long term in the hopes that we can save up a payoff that we never need to dip into. + +EDIT 2: Those who say the numbers didn't add up, you were right - the *purchase price was $415k, I had forgotten about the money down (unfortunately, we got the place with "no money down", listening to terrible advice from a mortgage broker and instead taking a HELOC that we refinanced into a second mortgage that we finally paid off. So, so stupid. That's why I'm so grateful for the wisdom of this sub. You all are seriously amazing. + +So SINCERE thanks for the input - I'm reading it all and getting a great education! I'm leaning towards not refinancing, stuffing as much as we can away in an investment as a bigger e-fund until we build up the payoff amount, and pay it all off at once. Hopefully that strategy will balance my desire for a paid-off property, flexibility, and security - with, thanks to you all, a clear understanding of what those values cost in real dollars! +I think many new traders do not understand the importance of actually finding their own “trading style”. Furthermore, they do not understand why they can’t replicate the strategies from profitable traders. + +Beginners tend to get caught in the trap of trying to find the “secret” method to a successful trading style. This is simply not true. The real secret is finding a trading style that will work for you. + +Let me give you a simple analogy. + +Shooting threes all game like Steph Curry does will give you significant edge to win championships. But we all know mortal beings like us will not be able to perform on those levels.  + +Yet, new traders believe they can replicate other trader’s successful strategy. In fact, they’re willing to pay thousands. + +I don’t blame them. A lot of these strategies are marketed in a way that’s easy to understand and it seems easy to learn. + +Strategies such as head and shoulder, break out, abcd pattern are oversold by everyone on their “trading education” website. + +These strategies are all very easy to understand, and therefore most newbies will try to learn and apply these when they go live. And of course, many will fail. In the long run, almost all will fail. + +**Here’s the thing... ANYONE can trade a break out/abcd pattern/ head&shoulder, etc.**  + +These patterns are all over the market.  + +Ask yourself this.  + +If you trade every single abcd pattern, do you really have an edge? + +No. Your chance of success will be no better than a coin flip in the long run. Which means you’ll most likely just end up with 50/50 success rate given risk-to-reward is 1:1.  + +Which also means, if you execute it perfectly, you’ll net zero. However, you’ll actually be in the red because of human errors, commissions, and fees.  + +So why does it seem to work for these traders that teaches them? + +It’s because they most likely have an edge (which they probably won’t tell you).  + +For example, they might be a master at reading tape. So whenever they see a break out, they will read the tape to confirm an entry. This means these traders won’t be trading every single break-out. Instead, they will only trade ones where the tape confirms their trades. They will still be wrong sometimes, but now they will be wrong less. They may have a 55% success rate because of their edge, and that’s more than enough to make them profit consistently.  + +Okay, so why don’t we just implement that? Again, think back to why most people cannot shoot deep 3s Steph Curry.  + +Market data are only useful to you if you can interpret them the right way.  + +You see some online guru say “learn to read the tape and you’ll be profitable” and you think that’s your road to six figure income. It might work for them. But it’s probably not going to work for you unless you know what you’re doing. + +Anyone who has tried reading tape knows it just seems like a number generator on steroid.  + +If you cannot learn to read the tape correctly, then you have no edge over this strategy. Which means if you try to learn this guru’s method, you’ll fail miserably. + +So… does that mean learning how other people trade is bad? + +Of course not. It’s never bad to expand your knowledge. In fact, I would say it’s essential to help you develop your own. Just don’t pay loads of money for useless info. + +You can watch and read about other trader’s insights to reinforce your own method. Consider what other people are doing and ask yourself if these methodology can be applied to your own style and help you improve.  + +DON’T just try to copy people blindly or you will most likely fail.  + +What you should really be doing is work on execution. You should spend most of your time on simulator or live trade (with small money), chart studying, reading books from reputable trader about insights and trading psychology.  + +Stop wasting time googling “the secret to becoming a profitable trader” and watching other people live trade.  + +Just trade. You’ll make a lot of mistakes in the beginning, but you have to learn from all your failures. That’s really the only way to become better. + +In my opinion, when you’re grinding through your losses in the beginning, what you’re really trying to do is eliminate trading styles that doesn’t work for you. + +Maybe you come to realize you’re not a great scalper. Stop doing that. + +You learn you suck at reading tape. That won’t help you in trading then.  + +You learn you read level 2 pretty well. Work on that. + +Then you realize indicators don’t really help you. Take those off your charts. + +You realize you read volume pretty well. Work on that. + +You realize you seem to do better trading longer time frame because of your risk management. Keep doing that. + +Play to your strength, rather than trying to improve your weakness.  + +You might not be able to shoot 3s’ like Steph, but you can do lay ups pretty consistently.  + +After many many trial and errors (which can take a few months to most likely a few years)… if you’re still in the game, maybe you will have developed a trading methodology that works for you. And it’s almost certain that not many people will be able to replicate it, even if you try to teach them.  + +This is because every decision in discretionary trading is subjective. Even if you and another trader look at the exact same stock, on the same day, trading in the same direction, using the same strategy, you two will still end up with different entry and exits points. Both your sizings will be different. You two will have different risk tolerance and risk-to-reward. In the end, you two will likely end up with very different results.  + +When other people try to copy your method, they will fail, because they cannot see what you see. + +And for good reason. They haven’t accumulated enough experience to see what you see. + +You have thousands of hours of screen time watching price action play out on live trading session. When you look for entries, you’ve trained yourself to look for little things here and there that other new traders simply cannot replicate due to inexperience. Even experienced and successful trader will have a hard time (but they most likely won’t because they understand the concept of finding what works for them).  + +This is why finding your own trading strategy is key to being a consistently profitable trader.  + +This is why when traders just try to find “easy and fast” method, they fail. Then they complain the system is rigged.  + +This is why trading is hard and why it takes so long to start becoming profitable.  + +But if you can grind through all the hard times, you will have learned the craft. Then maybe, if you keep up with the market, you’ll be profitable. + +Hope this helps :) + +Feel free to ask any questions or comment! + +disclaimer: None of the above are financial advice. when you trade, you are doing so at your own risk. :) +Okay so i have been working on scalping for about 6 months. I feel like i am getting really good. I have weeks on end where i pick a few trades hit them and walk away. but every trade i take ends up going way further than i scalp. When i try to let them run i always end up losing money. Should i take the sign and just stick to small moves and work on increasing my position sizes or should i be focusing on tweaking my mind set to capture these bigger moves that i am clearly capable of finding ? +I've been having trouble saving up for food due to bills and recently had two customers come in today and started talking to them a bit. I also had to help them with gas, after doing so, one gave me $20 and another $5. I was able to put some of it towards groceries that'll last a week before I'm able to go shopping. I'm not sure why I feel bad about it, but I really needed the food. +Welcome to the Weekly ICO Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of current and upcoming ICOs. + +*** + +Enjoy! +So currently this seems to be a traders bear market but strangely lacking in any narrative. Indeed the timing seems weird since it started after the attacks were fixed. So the question is what is your doom narrative. + +Here is mine: + +* Segwit means bitcoin will scale. +* Rootstock will arrive soon so there will be no point in ethereum. +* Consortium chains will kill all applications +* Lack of Dapps by now means it is impossible to build safe contracts anyway. +* Lack of adoption and usability issues mean dapps will never be usable by average joes. +* Chinese exchanges will never list Ethereum because it threatens them +* ICO's need to sell +* Price fall itself means devs have less money so less chance of success. +* Tax loss selling by miners could be a real issue. Miners as a group have mined 5 million ether at an average of 100% higher prices (estimate). They need to declare that as ordinary income. They also need to sell to cover their tax liability. It feels like the selling is causing more selling. As the price goes down the miners need to sell more ether for the equivalent amount of USD to pay taxes. (thx charlieknoll) +* Many people were scared by the hacks/hardforks, but couldn't sync/access their wallet until the last hardfork. Once they had access, they sent funds to exchanges, adding to the panic. (thx sreaka) + +Any more to add to the list? +Today, Loom announced that "over the coming weeks, Loom Network will be releasing integrations for Tron and EOS into PlasmaChain" + +See [this Medium article](https://medium.com/loom-network/connecting-ethereum-eos-and-tron-making-blockchain-interoperability-a-reality-e5ef6c67716). + +My first reaction was "mo\*\*\*\*\*\*\*\*ers", but I probably don't know enough to have a clear view on the implications of this move. It looked bad to me because I have a clear preference for Ethereum over Tron and Eos, which I see as unfunny jokes. However, interoperability clearly is on the menu for the next months, and as they put it, this was inevitable. + +What do you think? + +&#x200B; +In­di­vid­ual in­vestors who re­cently piled into GameStop Corp. are tak­ing a vic­tory lap this week af­ter shares of the strug­gling com­pany doubled in the last two days, putting the stock on pace for its best weekly per­formance on record. + + +For weeks, mem­bers of Red­dit’s pop­u­lar WallStreetBets fo­rum have been tout­ing GameStop, en­courag­ing oth­ers to scoop up shares of the videogame re­tailer and be­gin making bull­ish wagers. Sev­eral posts on the forum had noted that short sell­ers’ bear­ish Game­Stop bets had been at el­e­vated lev­els. + + +Short in­ter­est, which in­di­cates the in­ter­est of investors bet­ting a stock will fall in value, has hovered around 138% of the stock’s free float this year, Fact­Set data show. This makes it the sec­ond-most-shorted com­pany by that met­ric across the New York Stock Ex­change and the Nas­daq, ac­cord­ing to Dow Jones Mar­ket Data. That had some Red­dit users pre­dict­ing that the stock might rapidly rise if short sell­ers had to cover their bets by buy­ing back shares should the stock sud­denly in­crease in value. + + +This week, that fore­cast fi­nally ap­peared to take shape af­ter news of changes to Game­Stop’s board sent shares climb­ing. + + +On Mon­day, the com­pany said it had struck a deal to add Chewy Inc. co-founder Ryan Cohen and two for­mer ex­ec­u­tives to the GameStop board. + +The an­nounce­ment pushed shares up 13% on the day. On Wednes­day, gains ac­cel­erated, and Game­Stop cat­apulted 57% higher, its big­gest share-price jump in his­tory. Game­Stop gained an ad­di­tional 27% on Thursday. + + +On Red­dit on Thurs­day, Wall­Street­Bets users were cel­e­brat­ing Game­Stop’s gains. Many posted screen-shots of big wins from bull­ish options bets. Sev­eral talked about how they would spend their prof­its. One user posted that the ex­pe­ri­ence demon­strates that the WallStreet­Bets fo­rum “runs the mar­ket.” + + +(Continued...) + +[link](https://www.wsj.com/articles/gamestop-stock-soars-and-social-media-traders-claim-victory-11610653679?st=ocww1w39v9r3lar&reflink=article_copyURL_share) +[https://www.cnbc.com/2020/08/05/nikolas-entire-quarterly-revenue-of-36000-was-from-solar-installation-for-the-executive-chairman.html](https://www.cnbc.com/2020/08/05/nikolas-entire-quarterly-revenue-of-36000-was-from-solar-installation-for-the-executive-chairman.html) + +When all else fails, all in. + +Long live Trevor +Good morning, + +I recently started a new job and, as I started in the middle of a month, I had to wait 7 weeks for my first pay. This meant that I had my basic pay and arrears (approximately 1.7 month's pay) in one payment. + +The usual deduction for my student loans are 9% of anything over £2274 per month (plan 2) and 6% over £1750 per month (postgraduate). For this payment my company have applied these rules to the 1.7 month's pay, meaning my student loan deductions are quite a lot higher than I expected. HR have told me that it's correct, but it seems illogical to me as I would have paid less over two months had I been paid 1 month at a time. + +Can anyone confirm if the monthly limit is specifically applied to what you earn in any month, or of it should be proportional in the case of back-pay or salary arrears? +This is a vent because I feel like I don’t have anywhere else to do it. + +I’m 30 and living on my own since I was 24. I haven’t struggled so much in a while, but this year, everything just hit all at once. We had a high risk pregnancy, the cost of delivery, lack of pay when I was on maternity leave and then our entire central air system needed to be replaced during the hottest weeks of the summer. It wiped out our savings. I overdrafted my account for the first time in 7 years last week. + +While that is stressing me out as it is, every other day, either my brother (32) or my mother (59) call and complain to me about how they have no money (brother lives with mom still). My brother has been having car troubles on and off for months now and my mom has some costly home repairs after a tree fell on her house. + +I’m sympathetic to all of it, I am. But neither one of them work full time. My mom works 20 hours a week (sometimes less) and my brother 28. The real kicker is that my brother admitted last week that he has thousands of dollars in his bank account, he’s just stressed that he doesn’t have enough spending money for a new graphics card for his computer. + +Meanwhile, I’m starting a second job next week and will be away from my baby for 50+ hours out of the week just to have enough income to start putting money back in our accounts. + +I never thought I would be back to this kind of struggle and I’m bitter about it. + +Rosenblatt Securities downgraded the company to sell on Monday, bringing the total number of bearish analysts up to five, among the 57 ratings tracked by Bloomberg. It’s the highest number of sell ratings the iPhone maker has had since at least 1997, according to historical data compiled by Bloomberg. + +[Full article ](https://finance.yahoo.com/news/apple-caution-grows-sell-ratings-133353144.html) + +Time to buy or time to sell? +I’ll keep this pretty short. This is all speculation of course: + +1) you don’t name a “book company” Teddy. That website won’t just be about about books. + +2) what’s the most popular pet toy? A “chew” toy. What’s the most popular/iconic baby/kid toy? A “teddy” bear. I believe this will be a baby/toy website/company. + +3) calling himself the “book king” was a clue. I believe he’s telling apes to book their shares. + +4) he “rushed” this release for some reason. Why not just wait until the books were ready to ship? Sure he could be trying to gauge interest, but a guy like him would/could just print 10k copies of each or 100k or whatever. He wanted this released asap for some reason. He’s also prob trying to meet the holiday deadline but I feel like there’s more to it than that. + +5) I’ve bought many domains before. I’d guess he paid somewhere between $50k and $1 million for this domain. I know that’s a broad range but this is a super premium domain name. + +6) Apes are his target market, but I’d guess out of 200k apes, that less than 10% have kids in the 2 to 8 age range. With that being said, that’s maybe 20k potential customers which would equate to “maybe” 2000 books sold. These books were more of a hobby than a business venture. Very very few people make a lot of money selling baby\kids books. He’s having fun and trying to tell apes something. This could be part of an NFT drop as well. + +7) Tin foily here, I believe there is something “big” regarding the clock page. No one calls it the “short” hand. I don’t know what it is though. Maybe it’s 2/12 and that has to do with swap expiration dates. I really don’t know but hindsight should reveal something with those numbers. + +8) business owners that are good at setting things in motion and hiring the right people to run their companies get bored. Business owners like to solve complex problems and once those start to run out, business owners look at other things while their previous commitments run their course toward fruition. + +9) Pet owners (without kids) obsess about their pets. Parents with kids and pets obsess about their kids. I believe RC was obsessed with his dog(s) and now he’s obsessed with his kid(s). There is no doubt in my mind that he was looking at towel stock for baby stock. This could definitely still be in play. I believe in the next year he will do something in the baby space and kids books is just a tiny part of that. +I don't see how even breaking even is bad in the long run. Let's say you buy a home with a downpayment of 10% and you receive rental income monthly. The rent is enough to cover the mortgage and any expenses/repairs. Zero cash flow. Some might say you could have put that down payment into the stock market for a 7-8% return. But after 15-30 years of no cash flow, you have a home free and clear and you can sell it for a much higher return on investment. Why is a property with no cash flow still considered a deal breaker? +It would basically be two small apartments (I think I would put a car port between them). + +I could later connect them, expand one side, or rent both. + +If it looks good enough, will people rent a container home? +Quick background, one property cost roughly 330k in a good school district, rents approx 1900. Another property cost 290k in a subpar school district, also rental roughly 1900. Both property are roughly 2500 sqft. I also planned on using va loan for the purchase and rent out 3 rooms while living in the 4th room as primary residence. Any thoughts? +Hi all + +I know no one has a crystal ball and no one can know for sure, but what are YOUR thoughts on how high the RBA could feasibly jack the cash rate up over the next few years (before a massive collapse of the economy and too many people defaulting on loans etc?) + +(For context I’m a first home buyer going into an auction tomorrow. The minimum monthly repayments at my maximum bid limit are okay at 6% interest rates but would be incredibly hard or near impossible to pay at 8%. I think the rates will be 5.5% by Nov this year. But at what value do you think they will plateau? - by the way I’m in Adelaide and apparently prices are incredibly unlikely to drop here lol) + +*Edited to add: I appreciate everyone’s responses very much! Thank you all!!!* +I cannot imagine the number of violent and legal threats DFV has received throughout this process. He has been openly mocked, threatened, and even aggressively challenged by an active senator. His intelligence and conviction are impressive. To be clear, I am not in GME because of him. I just like the stock. But I am impressed by his level of resolve. After this is all over I genuinely hope that he has the happiest life somewhere. He has helped bring attention to the mass inequality that exists across socioeconomic lines, and m ore impressively, he has done so by merely having conviction about a singly security in which he believes. The same goes for Rensol, Pixel, Redchessqueen, Wardenelite, and the countless others that have stuck their necks out for the causes in which they believe. To be clear, those causes include the opportunity to trade fairly in a truly free and equitable market. That will help reduce national and even global inequality directly. +>Boeing customers cancelled a staggering number of 737 Max orders last month, deepening the crisis the company faces amid the coronavirus pandemic and the continued grounding of its best-selling plane after two fatal crashes. + +>Boeing shares were down more than 3% shortly after the company posted the dismal figures, trading near session lows. + +[BA stock price](https://finance.yahoo.com/quote/BA?p=BA&.tsrc=fin-srch), [CNBC](https://www.cnbc.com/2020/04/14/boeing-customers-cancel-staggering-number-of-737-max-orders.html) +Well outside my circle of competence! (I’m new to investing btw) Just wondering if much people here do? When I go to Jitta to check out potential undervalued businesses, majority of them are banks? But do recessions deter (or not deter) you from going for them? +Was an active member of it years ago, haven't really been on it in a while as I had a brief stint in the quant world. Moving back to my roots now. What is this community's opinion of that community? +Hello all + +I hope this is ok to post... + +I was reading a bit and searching as a follow-up to a [post](https://www.reddit.com/r/ValueInvesting/comments/n4leiz/mohnish_prabais_comment_on/?utm_source=share&utm_medium=web2x&context=3) I did 3 months ago in this community on the the concept of "Spawners" framework developed Mohnish Pabrai. + +I couldn't find a reddit or the topic being broadly discussed and basically, I wondered if this was sidetracking Value Investing or not, as the concept of spawning is a bit difficult to value. So, to keep things focused in this community on Value Investing, I dared to start a subreddit r/spawners to which I would like to invite you to. (I have no clue regarding running a subreddit, so guidance is appreciated as well as pointers to spawners, too) + +That's all, I hope it wasn't spam. + +Have a nice day +if you don't know the guy, basically he is considered by many a chad whent it comes to corporate finance and valuation...he's teaching them at NY stern and giving away all for free on youtube...crazy... + +he's known for his incline in valuing assets using DCF tool... + +&#x200B; + +he's view of the market is pretty much not catastrophic based on his expectations that follows...please note that this can be done in 5 minutes by anyone and the goal of my post is to create a feedback loop and not riding his nuts... + +[https://pbs.twimg.com/media/FdnbIPTVIAAz-cA?format=jpg&name=large](https://pbs.twimg.com/media/FdnbIPTVIAAz-cA?format=jpg&name=large) + +basically he said screw the estimates...inflation is here and we will see it on the margins...giving this and other assumption he sees the SP500 overvalued by just 5% wich is pretty good if you ask me... + +and, as humble as always, he gives his "stress test" considering different scenarious that follows... + +[https://pbs.twimg.com/media/FdnbfKWVsAAMw55?format=jpg&name=large](https://pbs.twimg.com/media/FdnbfKWVsAAMw55?format=jpg&name=large) + +let's just focus on bad and worst case scenarios... + +\-setting risk free rate (10y t bills) at 5 % wich is considered (at least i consider it) very high if you account for the fact that US GDP would collapse the more you get to double digit interest rates (and thus creating a deflationary spiral soon to be bailed by the one and only Jerome Jesus Powell) + +\-plus setting earnings 30% below estimates, wich is to me is the only earning input that can coexist with high inflation giving the fact that a) at what point you cause a depression b) at what point if inflation is only in putin's hand (false) we accept this crap and go to war (non-risk because it means death of humanity) + +you end up in 2900 to 2443 if we go to 6% rates (unsustainable, if i had to bet)...this is only a 24% to 50% correction...i'd average at 35% because risk premium asked by the market is very small when things shows minimal signs of recover... + +considering the crazy valuation it had on last decade, where it traded everytime about 15% overvalued on top of zero % risk free and rock solid growth estimates... + +i'd say it's time to dollar cost averaging and stop being fearfull...spy tends to let you down and if you miss a couple of good day you are cooked... + +&#x200B; + +my plan: start DCAing a fixed ammount of my monthly wage on top of entering tomorrow with a year worth of wage (wich is very small because i'm italian lol) and selling an ATM covered call to reduce cost basis (since i'm neutral/slightly bearish) six months from today... + +&#x200B; + +1 year from today: + +\-if market rockets i don't really care i made solid bucks... + +\-if markets plummet i'll buy more and more cause i believe in capitalism and i'll use the premium i collected...plus i'll get heavy on bonds considering that they would be the cause of all drama...plus i'll look for other entries to build a well diversified portfolio that can make me sustain reasonable drawdown + +\-if markets stays flat i made some money and at least this so called lost decade has turned in 9 year loss lol...plus market flat means we live to fight another day... + +&#x200B; + +considering the little size of my portfolio, i'll be good in every scenarios... + +&#x200B; + +now i want you to rate my plan and tell me where i've been a moron, thank you gentlemen +Are there any companies that you plan on holding for a lifetime and why? I find that more often than not I don’t think a stock is a value at some point during its run up and then start trimming my position. +Here is my Adobe systems evaluation. Have in mind that I have been an investor for only 6 months now, I'm still new. + +I think it is a good company with good business and more or less good management. Lately, they have been struggling with lower guidance, so their stock price has dropped a lot. Read on and I hope you learn something new! + +&#x200B; + +1. **The 3 business segments** + +***The main source of revenue for the 3 segments is subscriptions.*** + +* Digital media-70% of the revenue + * *Adobe Creative Cloud*\-Premier Pro/Photoshop/Lightroom/etc. + * *Adobe Document Cloud*\-Acrobat Reader DC/etc. + +&#x200B; + +* Digital experience-25% of the revenue + * **Personalizing your products for your customers**. That is done by giving Adobe some data which it feeds to an AI which in turn gives you either a way to personalize your product (Adobe Analytics) or an end personalized product (Adobe Sensei) + * *Adobe Experience Cloud*\-Adobe Analytics/Adobe Sensei (for digital media sector)/etc. + +&#x200B; + +* Publishing and advertising-5% of revenue + * In simple words, this segment of their business focuses on people that want to **market their goods and content more efficiently**. For example, an influencer can use Abode Social to help him determine the best time to post something and to follow trends in social media by analyzing metrics that Abode Social provides. + * Something to say about this is that I am not sure who really needs such tools for marketing? Is this really something people look for? + * *Adobe Advertising Cloud*\-Adobe Social/Adobe Media Optimizer/Adobe Analytics (yes, again)/etc. + +&#x200B; + +The **main source of revenue** for the 3 segments is **subscriptions**. + +&#x200B; + +**2. Competitive advantages** + +&#x200B; + +* Digital Media: + * Brand leadership + * Product features and functionalities + * The intuitiveness and visual appeal of user interfaces + * Pricing + * Usability and accessibility on multiple devices + +&#x200B; + +* Digital experience: + * Proven performance + * Flexibility and reliability of services + * The intuitiveness and visual appeal of user interfaces + +&#x200B; + +* Publishing and Advertising: + * quality and features of our products?-I am not sure what is the moat of this segment + +&#x200B; + +Also a moat, I think, applying to all segments is an **economic moat**. Adobe is a leading company in their industry. Something to mention too is the fact that when someone says they will edit a photo, they say they will **photoshop it**. This really stresses the extent to which Adobe has a brand moat. + +&#x200B; + +**3. Employees and customers** + +&#x200B; + +* **Employees give adobe a rating between 4.2 and 4.4 out of 5**. Adobe stresses in their report that they try to make their employees as happy as possible. (**attrition rate of 12%**\-not bad at all) +* Customers give adobe a rating between 1.3 and 4.2 out of 5. Hard to conclude a certain rating since different sites give different ratings. Customers are really angry with 2 things-**bad customer service and the cancelation fee**. The cancelation fee is actually reasonable. Customers pay less if they sign a contract for 1 year, instead of signing costly monthly contracts that they cancel anytime. The only problem is that Adobe hides the cancelation fee a bit when the contract is signed. + +&#x200B; + +**4. Management** + +&#x200B; + +* They have quite some incentive plans (FORM 10-K, item 15) :D Not sure if this is normal or they are compensating themselves a bit too much. +* **Some members of the board are rather new**, joining in 2021 or 2017. This is not a good sign but at least the **CEO has been working in adobe since 1998** which speaks on its own of his devotion to the company. +* The repurchase program accepted in Dec 2020 to repurchase 15 billion worth of shares until 2024. This seems like a way to grant a premium for all long-term shareholders since they don't pay dividends anyway. + +Their **acquisitions are very reasonable and well-done**. For example, the recent acquisition of Frame.io is very good and has big potential. They also state in their report that they are not solely focused on acquisitions. That is because **their sole business always has room to grow**. Their products can always become better. + +Also, the way they improve is through software updates which is by nature more competitive but much easier to accomplish compared to physical and geographical expansion. + +&#x200B; + +**5. Margin of Safety** + +Based on my calculations the **intrinsic value of Adobe is 548 dollars per share**. Right now, it is **trading at 418 dollars per share**. + +* **The drop of 15% of the price in December is due to the lower guidance** and the low achieved EPS. The projected GAAP EPS for the next year is barely 2% above the current. The non-GAAP EPS is about 30% above. There wasn't a very clear explanation on their lower guidance. Their excuse was that the fiscal year 2021 had 53 weeks for them and not 52, which "works as a tailwind in 2021 and headwind in 2022". Also, there were some additional costs that Adobe cannot control (dollar's price) which contribute to the lower GAAP EPS. + +The **PE ratio is really high**. The average is 52 and the current (as of Feb 2022) is 44. It is lower than the average but still too high. + +&#x200B; + +**What do you guys think? Is it a good company or am I missing something?** +I know this isn't exactly what this sub is about but I'd really appreciate some insight if anyone knows how this works. + +How does the fed balance sheet work? I see that the fed balance sheet is now at $8.9T but what does that mean exactly? Is that the amount of securities, commodities or bonds that the Fed owns and if it is then where does the fed get the money for that? That's a tremendous amount of money and I'm guessing nearly double the amount of this country's yearly revenue so where would the Fed get the money for this? Is it IOUs? + +Also, why is the fed buying its own government bonds, doesn't that mean that they're just paying interest to themselves for bonds that they themselves issued? + +Lastly, if the fed does actually hold $8.9T of securities or even if only half of that amount is in USA securities then doesn't that mean that there will be a huge dump of securities by the fed at some point, and if so wouldn't that send the market into a deep slide? + +I'm going crazy trying to understand how all of this works lol I really want to understand it. Any help is appreciated! + +Thanks! +Yesterday I have heard of Zacks. Zacks are advertising a 25 percent profit AVERAGE annually over the last 30 years or so on their strong buys. 25 percent. I have no idea about this company whatsoever, but I would really like someone who knows more about Zacks to tell me is that actually true or do they basically change their strong buys every week. They ask for like 250$ annually for a premium membership which sound crazy, but if you actually get access to a 25 percent average annual profit it might be worth it. I want to know how reliable are Zacks and do they actually accumulate these numbers because these are some crazy stuff. It seems too good to be true. Anyone knows more about Zacks and about how reliable and trustworthy they are? + +I'm a beginner at investing. All I really did is read the intelligent investor by Graham and started to look at pe ratios and PEG ratios after ive seen some videos on YouTube. I have also tries investing with a simulation where I 4X my money the past year and a half. 25% return like Zacks's, if I pick manually the stocks I want out of their strong buys section based on some research I will do on the companies and their statistics like P/E, PEG, current ratio, profit margin compared to the industry and return on equity. + +It's important to say that I'm a 17 year old and my experience with the stock market is yet to be very wide. What im investing is close to $10k that me and mainly my grandfather have, he is also planning on adding 750$ every month so I can invest more. IMPORTANT: This is by no means money he needs! He is a wealthy man and this is not any important money for him, i can basically lose all of it (which im not going to do) and it wont hurt him financially one bit. What I will be saying is it might hurt my financial experience if im simply picking Zacks's strong buys after filtering them. If any of you know more about zacks and a potential scam that is going on there, please let me be aware of it. 25 percent average annual return is literally insane. That sounds like a free ticket to heaven, which is also why im suspicious about it. Do they change their strong buys (or #1 ratings) annually or do they basically do it every week? Thanks a lot in advance for any help/advice! Let's all have a great 2022 of investing! +Well outside my circle of competence! (I’m new to investing btw) Just wondering if much people here do? When I go to Jitta to check out potential undervalued businesses, majority of them are banks? But do recessions deter (or not deter) you from going for them? +What’s y’all’s thoughts on BZUN? I’ve purchased over 6,000 shares today and still buying. + +China is in the middle of one of the worst economic crises ever seen after growing at incredible paces. Blood is on the streets. And love them or hate them, china will be the worlds leading gdp within the next few years. China is also lowering interest rates to spur growth while America is raising them to kill growth. + +The Stats- + +-Stock price down 93% from peak while revenue is only down 8% + +-Market cap is currently $256 million + +-Book Value is around $700 Million + +-Revenue is 1.474 billion + +-They have over $400 million cash on hand + +-1.5 billion in assets - $815 million in liabilities + +-Gross Profit is around 70% + +-They have bought back around 30% of the outstanding shares in the last 9 months + +-Over a 20% share in their industry + +-Over 10% of the outstanding shares are owned by Alibaba + + Yeah the ccp is a huge risk, but there are no great rewards without some risk. I see this as a 3 year minimum hold for me with it being an easy 10X possibly more. + My conclusion - all said I still give them a 20% chance of going bankrupt I lose $26,000+, 70% chance I make a quarter million and a 10% chance I make a half million. I think those rewards definitely outweigh the risk. +Was an active member of it years ago, haven't really been on it in a while as I had a brief stint in the quant world. Moving back to my roots now. What is this community's opinion of that community? +Analysis by Thomas Black | Bloomberg + +August 25, 2022 at 8:36 a.m. EDT + +&#x200B; + +Warren Buffett’s Berkshire Hathaway Inc. didn’t gain fame for investing in startups. The venerated investor has a predilection for buying time-tested businesses like an oil company, a railroad or an insurer that are bets on the steady and profitable growth of the US economy. + +&#x200B; + +Buffett shied away from technology stocks for years before taking the plunge with Apple Inc., which was already woven just as deeply in the fabric of the economy as Occidental Petroleum Corp., BNSF Railway Co. or Geico. It came as no surprise that Buffett eschewed the SPAC and NFT crazes. His longtime business partner, Charlie Munger, in February railed against the “wretched excess” in both venture capital and cryptocurrencies. + +&#x200B; + +This is why investors should take particular note that Pilot Co., which operates Pilot and Flying J travel centers and is owned by Berkshire Hathaway, agreed on Tuesday to take a stake in Kodiak Robotics Inc., a driverless truck startup. Pilot will get one of Kodiak’s five board seats. Although the investment amount and percentage of ownership in Kodiak weren’t disclosed, Pilot is now the largest strategic investor in the startup. + +&#x200B; + +This investment is a significant validation by Berkshire Hathaway, through Pilot, that driverless trucks are on the cusp of being a reality. It may be hard and even scary to imagine an 18-wheeler with no human on board humming down the highway intermingled with passenger cars. This may happen more quickly than people think. + +&#x200B; + +Kodiak is already operating trucks with a safety driver on board on routes between Dallas and six cities, including Atlanta. In a couple of years, Kodiak expects to take that safety driver out of the cab and operate completely autonomous large freight trucks. A slew of other startups are also chasing the driverless dream. + +&#x200B; + +Embark Technology Inc., Aurora Innovation Inc., TuSimple Holdings Inc. and others are all testing autonomous truck technology on the highway. Aurora has said it expects to operate without a driver on board as early as next year. Aurora and Embark went public through special purpose acquisition companies while TuSimple did a tradition initial public offering. All three have performed dismally and are down more than 75% since first trading. + +&#x200B; + +Kodiak, which has investors including tiremaker Bridgestone Corp. and BMW’s venture fund, is teaming up with Pilot to create an autonomous truckport in Atlanta that would offer services like fueling, inspections and maintenance for Kodiak’s driverless trucks. Pilot’s truck stops would also serve as a meeting point outside large urban areas where a driverless truck would drop off a trailer that would be picked up by a truck with a driver to navigate city traffic. + +&#x200B; + +The driverless truck companies all contend their technology will make big rigs much safer for US highways. It’s a low bar considering that 159,000 people were injured in crashes involving large trucks in 2019, and 5,600 were killed in such accidents in 2021, according to the National Highway Traffic Safety Administration. The market need is also there. The American Trucking Associations estimates the US is short 80,000 truck drivers, and the shortage is concentrated in long-haul trucking that keeps drivers away from their home for days and even weeks. Those long hauls are the low-hanging fruit for autonomous trucks to pick. + +&#x200B; + +If one of Buffett’s companies is taking the plunge into this new technology, don’t be surprised that in a decade or two driverless trucks will also be a mainstay of the US economy. +I bought 100 shares of alcoa at 9. Now it's at 78.20. Sold 15 at 60 so I already have my money back. Is this a long term buy and hold or should I sell it? The historical are not great but aluminum price is crazy high right now. +When I try to evaluate a stock I first focus on numbers in general, then I start looking at intangibles (management, brand, ecc.) and finally I use DCF model to have a real number for the stock price, is it correct and reliable? Or it's better to not look much at it? + +Thank You. +To start, this isn’t a post asking what’s going on in the market or being concerned about falling prices. But I keep hearing people mention that they’re waiting maybe a month before they buy in again, since the stocks should drop a bit more as many are still overpriced. My question is, is there some sort of indicator based on previous crashes, dips, corrections, etc. in stock market history that lead people to believe when a bottom may occur? I know no can can predict when we’ll hit a bottom so I’ve just simply been buying a little here and a little there on red days. Obviously, I’d like to invest at the bottom too but since we don’t know when that’ll be I’ve just been DCAing. I also understand that many stocks are still overvalued and I’m sure that’s why some are expecting them to fall further. Is this the main indicator? Does a correction or whatever this is typically not bottom out until most stocks are closer to their P/E or value or whatever? Or is there something else to it? Are people just waiting until after the rate hikes? +Are there any companies that you plan on holding for a lifetime and why? I find that more often than not I don’t think a stock is a value at some point during its run up and then start trimming my position. +There are way too many sources these days to get immediate information about a company. What do you use and why? + +Here’s mine: + +Benzinga Pro - It does mostly fits day/swing traders. The reason I use it because it has incredible newsfeed. It’s actually amazing and really helps me keep on track with my portfolio. + +Wall Street Journal - the annual cost is pretty much worth it for getting the big picture of wall street. + +Edgar - 10k of course. + +Macrotrends and Yahoo finance - Extracting data + +Excel - punching the 10k data from 10 years back, calculating DCF and reviewing the margins, retentions, returns, growth and more. Might sounds surprising, but those are way more important to me than the DCF results. + +Finviz - For searching new companies to research, most convenient screener I’ve seen. +Hello fellow investors! + +It's been about 4 months since i first started learning about investing. These are the books which i've completed "The Little Book of Common Sense Investing" and "Warren Buffett and The Interpretation of Financial Statements" and halfway through "The Intelligent Investor". + +I have decided to make a total stock market index fund the foundation of my portfolio. But because i'm really interested to learn more about evaluating businesses, and also really enjoy the process, i have also decided to set aside \~10% of my portfolio to stock pick. + +Based on what i understand about Fundamental Analysis - i have done an analysis on Microsoft Corporation MSFT + +***Disclaimer: I am a chemistry student and have no prior knowledge about investing. I am certain this evaluation is flawed in many aspects and i hope to be able to get feedbacks - what i can do better - from fellow value investors in this reddit forum.*** + +Corporate Vision + +Microsoft is a technology company whose mission is to empower every person and every organization on the planet to achieve more. + +Operating Segments + +* Productivity and Business Processes +* Intelligent Cloud +* More Personal Computing + +Microsoft 365 largely has the office productivity suite market cornered with over 80% of the total market; Microsoft Azure has been continuing to experience rapid growth and have a relatively strong market leadership with market share of 19% and is only behind Amazon's AWS at 32%; and the Windows OS is dominating the desktop operating system market share with market share of 72.97% which has been slowly eroding + +Intelligent Cloud - FY 2021 Contributing 36% of Total Revenue + +* Server products and Cloud services, including Azure; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses ("CALs"); and GitHub +* Enterprise Services, including Premier Support Services and Microsoft Consulting Services + +|*$USD in Million*|2021|2020|2019|2018|2017|2016| +|:-|:-|:-|:-|:-|:-|:-| +|**Revenue**||||||| +|Intelligent Cloud|60,080|48,366|38,985|32,219|27,440|25,042| +|**Operating Income**||||||| +|Intelligent Cloud|26,126|18,324|13,920|11,524|9,138|9,315| + +Fiscal Year 2018 Compared with Fiscal Year 2017 + +Revenue increased $4.8 billion or 18% + +* Server products and Cloud services revenue increased $4.5 billion or 21%, driven by Azure and server products licensed on-premises revenue growth. Azure revenue growth of 91%, due to higher infrastructure-as-a-service and platform-as-a-service consumption-based and per user-based services + +Fiscal Year 2019 Compared with Fiscal Year 2018 + +Revenue increased $6.8 billion or 21% + +* Server products and Cloud services revenue including GitHub, increased $6.5 billion or 25%, driven by Azure. Azure revenue growth was 72%, due to higher infrastructure-as-a-service and platform-as-a-service consumption-based and per usage-based services + +Fiscal Year 2020 Compared with Fiscal Year 2019 + +Revenue increased $9.4 billion or 24% + +* Server products and Cloud services revenue increased $8.8 billion or 27%, driven by Azure. Azure revenue grew 56% due to growth in consumption-based services + +In Microsoft's 10-K Filed in 2021 + +* Server products and Cloud services revenue increased $11.2 billion or 27% driven by Azure. Azure revenue grew 50% due to the growth in consumption-based services + +***Microsoft has been continuing to experience rapid growth in the intelligent cloud segment, driven by Azure*** + +Personally I haven't used any of their products and services under this segment and therefore don't understand why people need to use the products and services offered under this segment and why their product over the competitors. I quote "Azure's competitive advantage includes enabling a hybrid cloud, allowing deployment of existing datacenters with our public cloud into a single, cohesive infrastructure, and the ability to run at a scale that meets the needs of businesses of all sizes and complexities. We believe our cloud's global scale, coupled with our broad portfolio of identity and security solutions, allows us to effectively solve complex cybersecurity challenges for our customers and differentiates us from the competition." + +I have only used Cloud services for Storage (iCloud on mobile and OneDrive on PC) + +# Qualitative Analysis + +**Economic Moat** + +Business Model: They sell unique products and services that people need + +**Brand Equity** + +Microsoft has been in the industry for a very long time where they have a strong brand awareness around the world. The brand name Microsoft is largely associated with their innovative technologies and products + +**High Switching Cost** + +With a change to a competitor product, it will require extra effort and time delay - because of user familiarity + +**Innovation** + +Microsoft's focus on innovation is also another important source of competitive advantage for Microsoft. However if the competitive advantage is the result of some technological advancement, there is always the threat that newer technology will replace it - today's competitive advantage may end up becoming tomorrow's obsolescence + +**Economies of Scale** + +Microsoft cloud business benefits from three economies of scale: Datacenters that deploy computational resources at significantly lower cost per unit than smaller ones; datacenters that coordinate and aggregate diverse customer, geographic, and application demand patterns, improving the utilization of computing, storage, and network resources; and multi-tenancy locations that lower application maintenance labor costs + +# Quantitative Analysis + +&#x200B; + +||2012-06|2013-06|2014-06|2015-06|2016-06|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Gross Profit Margin in %|76.20|74.00|69.00|64.70|61.60|61.91|65.25|65.90|67.78|68.93| + +For the last ten years, Microsoft have consistent Gross Profit Margins > 40% + +&#x200B; + +**Operating Expenses** + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|R&D Expenses|13,037|14,726|16,876|19,269|20,716| +|R&D Expenses as a percentage of Gross Profit|23.4|20.5|20.3|19.9|17.9| +|Selling, General, and Administrative Expenses|20,020|22,223|23,098|24,709|25,224| +|SGA Expenses as a percentage of Gross Profit|35.9|30.9|27.9|25.5|21.8| + +Microsoft consistently spends on average 28% of its Gross Profits on Selling, General, and Administrative Expenses -- Doesn't show a wild variation in SGA Expenses as a percentage of Gross Profit + +Microsoft spends on average 28% of its Gross Profit on SGA Expenses and 20% of its Gross Profit on R&D + +**Competition** + +Alphabet Inc GOOGL + +||2016-12|2017-12|2018-12|2019-12|2020-12| +|:-|:-|:-|:-|:-|:-| +|Gross Profit Margin in %|61.08|58.88|56.48|55.58|53.58| +|R&D Expenses as a percentage of Gross Profit|25.30|25.47|27.72|28.92|28.19| +|SGA Expenses as a percentage of Gross Profit|31.69|30.28|31.65|31.14|29.65| + +Alphabet spends on average 31% of its Gross Profit on SGA Expenses and 27% of its Gross Profit on R&D + +High Research Costs, High Selling and Administrative Costs and High Interest Costs on Debt + +*Any one of these three costs can destroy the long-term economics of the business!* + +&#x200B; + +Microsoft Corporation + +|*USD in Million*|2012-06|2013-06|2014-06|2015-06|2016-06|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Net Earnings|16,978|21,863|22,074|12,193|16,798|21,204|16,571|39,240|44,281|61,271| +|Ratio of Net Earnings to Total Revenue|23.0|28.1|25.4|13.0|19.7|23.6|15.0|31.2|31.0|36.5| +|Per-Share Earnings|2|2.58|2.63|1.48|2.56|3.25|2.13|5.06|5.76|8.05| + +The long-term trend is upward, there is consistency in the earnings picture as well + +Alphabet Inc GOOGL + +||2016-12|2017-12|2018-12|2019-12|2020-12| +|:-|:-|:-|:-|:-|:-| +|Ratio of Net Earnings to Total Revenue|21.58|11.42|22.46|21.22|22.06| + +The ratio of net earnings to total revenue number can tell us a lot about the economics of the business compared with other businesses of the same industry; Companies with a durable competitive advantage will report a higher percentage of net earnings to total revenues than their competitors will + +**Microsoft on average earns 24.1% on total revenue, Alphabet on average earns 19.7% on total revenue** + +&#x200B; + +Microsoft Return on Asset Ratio - *To measure the company's efficiency -* Net Earnings/Total Assets + +||2012-06|2013-06|2014-06|2015-06|2016-06|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|The Return on Asset Ratio|14.00|15.35|12.81|6.92|8.67|8.80|6.40|13.69|14.70|18.36| + +Microsoft has $333 billion in assets and a return on assets of 18.36%; Capital presents a barrier to entry which helps make Microsoft's competitive advantage durable + +&#x200B; + +||2012-06|2013-06|2014-06|2015-06|2016-06|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Current Ratio|2.60|2.71|2.50|2.50|2.35|2.48|2.90|2.53|2.52|2.08| + +**For the last ten years, the Current Ratio > 1, Microsoft has the ability to pay current liabilities when they come due** + +&#x200B; + +Companies that have a competitive advantage are so profitable that they are self-financing when they need to expand the business or make acquisitions and therefore often carry little or even no long-term debt on the balance sheet + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|Net Earnings|21,204|16,571|39,240|44,281|61,271| +|Long-Term Debt|76,073|72,242|66,662|59,578|50,074| + +**Microsoft have sufficient yearly net earnings to pay off its long-term debt within a year earnings period** + +&#x200B; + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|Debt To Shareholders' Equity Ratio|2.33|2.13|1.80|1.55|1.35| +|Common Stock Repurchased|\-11,788|\-10,721|\-19,543|\-22,968|\-27,385| + +Because of Microsoft's great earning power, they don't have large amount of equity/retained earnings on their balance sheet where it's spent on buying back their stock which decreases equity/retained earnings base which in turn increases their debt-to-equity ratio + +***Microsoft has been buying back their shares year after year*** *- a good indicator that the company has lots of free cash they can spend on buying back their shares* + +&#x200B; + +Microsoft Corporation + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|Net Earnings|21,204|16,571|39,240|44,281|61,271| +|Total Shareholders' Equity|72,394|82,718|102,330|118,304|141,988| +|Return on Shareholders' Equity|29.29|20.03|38.35|37.43|43.15| + +Microsoft shows an average return on shareholders' equity of 34%; Microsoft is making good use of the earnings that it is retaining + +Alphabet Inc GOOGL + +|*USD in Million*|2016-12|2017-12|2018-12|2019-12|2020-12| +|:-|:-|:-|:-|:-|:-| +|Net Earnings|19,478|12,662|30,736|34,343|40,269| +|Total Shareholders' Equity|139,036|152,502|177,628|201,442|222,544| +|Return on Shareholders' Equity|14.01|8.30|17.30|17.05|18.09| + +Alphabet shows an average return on shareholders' equity of 14.95% < Microsoft's average return on shareholders' equity + +*Companies that benefit from a competitive advantage show higher-than-average returns on shareholders' equity* + +&#x200B; + +In 2021 Microsoft had after-tax net earnings of $61 billion and paid out dividends and stock buy backs $43 billion - this gave Microsoft approximately $18 billion in earnings, which were added to the retained earnings pool + +Microsoft has been growing its retained earnings pool over the last five years + +*Note: Not all growth in retained earnings is due to an incremental increase in sales of existing products; some of it is due to the acquisition of other business* + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|Retained Earnings|2,648|13,682|24,150|34,566|57,055| +|Rate of Growth of Retained Earnings||416.7%|76.5%|43.1%|65.1%| +|Dividend Paid|\-11,845|\-12,699|\-13,811|\-15,137|\-16,521| +|Common Stock Issued|772|1,002|1,142|1,343|1,693| +|Common Stock Repurchased|\-11,788|\-10,721|\-19,543|\-22,968|\-27,385| + +&#x200B; + +Microsoft Corporation + +|*USD in Million*|2017-06|2018-06|2019-06|2020-06|2021-06| +|:-|:-|:-|:-|:-|:-| +|Capital Expenditures|\-8,129|\-11,632|\-13,925|\-15,441|\-20,622| +|Net Earnings|21,204|16,571|39,240|44,281|61,271| + +**Over the last five years, Microsoft spent 38.2% of its Total Earnings for Capital Expenditure** + +*Microsoft have enough excess income to have stock buyback programs that reduce the number of share outstanding, while at the same time either reducing long-term debt or keeping it low* + +Companies with a competitive advantage tend to use a far smaller percentage of their Net Income for Capital Expenditures + +Alphabet Inc GOOGL + +|*USD in Million*|2016-12|2017-12|2018-12|2019-12|2020-12| +|:-|:-|:-|:-|:-|:-| +|Capital Expenditures|\-10,212|\-13,184|\-25,139|\-23,548|\-22,281| +|Net Earnings|19,478|12,662|30,736|34,343|40,269| + +**Over the last five years, Alphabet Inc spent 68.6% of its Total Earnings for Capital Expenditure** + +&#x200B; + +Follow Up: + +I understand the importance of the price you pay for the business and the importance of margin of safety. + +I have some basic understanding on DCF Analysis - From YouTube videos - but nonetheless have already bought "The Little Book of Valuation" which will be the next book after i'm done with "The Intelligent Investor". + +&#x200B; + +If you made it here, pls let me know how I can make my future evaluations better and also more book recommendations for me pls! :D +Are there any companies that you plan on holding for a lifetime and why? I find that more often than not I don’t think a stock is a value at some point during its run up and then start trimming my position. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Hey guys, + +yesterday we published a new version of our DCF-calculator. With this new release, we make the tool more intuitive. Furthermore, we also also provide great insights into the sensitivities towards the input parameters, instead of one price we show multiple prices around your input parameters. Giving you more insights into how sensitive your results are.These improvements were possible by the feedback that you gave us - thank you! As always please let us know what you think to make the tools even better! + +PS: Use your desktop for the best experience! :) + +Check it out! + +[https://valuee.io/dcf-analysis](https://valuee.io/dcf-analysis?utm_campaign=reddit-value-investing-dcfv2&utm_medium=social&utm_source=reddit) +As title suggests. + +They want me to pay the monthly balance of the credit card provided by them to me for business expenses out of my personal checking account. + +A couple of questions..... + +1. Legal implications? + +2. Tax implications? If im getting 1 to 2k deposits into my checking account outside of payroll. How is this going to look to the IRS. + +3. Credit implications? The card has my name on it. In the past I would spend and just send them the monthly report and they would pay. + +Edit. This caught a bit of traction yesterday and I have not been able to go through and respond to everyone. But thank you for your responses. +Signed in today and noticed that the website has been updated. This has happened in the last few days (for me at least) - I logged in last week and it was the old site. + +You can now see repayment totals and interest totals for the tax year and a live balance. + +The repayment from my June pay is not reflected despite being reported by my employer via RTI around 20th June. So it would seem there is not a direct link to HMRC systems. They do acknowledge the delay: + +> the time it takes for a repayment to appear on your account can vary based on your repayment method and when information is reported to us + +Link: https://www.gov.uk/sign-in-to-your-student-loan-repayment-account +So, I moved out last month and asked my mother to put the electric back in her name. She never did but agreed to pay the bill when I sent it to her 3 weeks ago. The bill was due 5 days ago and silly me forgot to remove my bank account so now I’m out of $100. My main concern now is being responsible for paying the next bill since it’s in my name. I plan on terminating the services on Monday if I don’t hear back from her. If I can show proof that I moved last month will BGE still want me to pay? +So I'm a salaried employee on 18k a year with a contract of 40 hours a week. Which means I earn £8.65 per hour which is fine. + +The problem is that during a certain week when things get busier it is "expected of me" to work an extra 30 minutes per day. So for this specific week I end up working 42.5 hours which equates to £8.14 per hour which is under my minimum wage. + +In my contract the only clause about overtime is that it must be authorized by my manager and upon trying to look up laws and rights online I couldn't figure out if what my company is doing is fine or if I should be getting paid for the overtime. + +I apologise if this is the wrong subreddit for this, please let me know if it is. +I have $5000 sitting in my savings. I am a hard working single mother with two jobs. I’ve recently come into the stock and crypto word with investments and of course as any beginner, I’ve made a lot of mistakes. I think my only promising stock right now is Apple, which I own 11 shares, but you can imagine my disappointment when I only received $2.40 as my first dividend. + +I like Reddit for the honesty and obvious sarcasm people have here. + +So I’m just wondering. What are some stocks you would recommend? I of course will Do my own research with each stock, but I don’t really have a lot of ideas given my “noobie” experience. + +Thanks for your time! +What do you guys think about DNP compared to other monthly income funds (SPHD, O, RQI)? I understand DNP sells capital gains to pay div sometimes, but overall despite the maintenance fee I think it's a good investment for passive income (especially if selling my own capital appreciation is too much work). It has some scary drawdowns during various finance crisis, but it's never cut divs and price is in a steady multi decade long uptrend. Any thoughts? +Hi everyone, I'm in need of some pointers here. + +I'm fairly new to investing at the age of 35. I'm from Singapore. + +My portfolio currently consists of 27 stocks, 16 of which are recommendations from Motley Fool's recommendations and they are quite spread across a few different sectors. The rest some small holdings in REITS(Singapore) and Singapore STI Index. + +I'm currently contemplating between these:- + +* Get additional MF recommendations to try and achieve the 25-30 stocks. +* Add more holdings to rebalance my portfolio as I severely lack of ETFS +* Dividend income stocks. + +I'm more inclined to get more dividend income stocks(my current dividend income is averaged out to just $7/month), and these come from individual companies like apple, kinder morgan and those Singapore REITS. + +As I'm reading more and more about dividend income, I'm more drawn to this idea to beef it up in my portfolio. + +Then it comes to the question of:- + +Which ones should I buy? ETFS? QYLF, NUSI, JEPI, SCHD or SCHY pops up. + +I'm sure you folks have been in my position. What did you do and looking 4-5 years back, what would you have done? +Hello beautiful Apeys!!! + +It's been a while since I posted something of substance, and what better time to do that than when I just realized something huge. + +\----------------------------------------------------------- + +**DISCLAIMER:** + +**Don't ever trust a date**. + +Why? 2 reasons: + +1. Bad actors have literally infiltrated the sub and manipulate posts with dates so that you buy calls or puts and get rug pulled. +2. Even if a date legitimately comes through the cracks, and is spot on... Once it goes viral, hedgies know when to short for free premiums. + +So unless you figured out a date that no one else figured out, you're going to have a bad time playing publicized dates. + +Why did I preface with that? Because even though I'm not going to give any dates, just the fact that this idea makes sense would lead people to conclude a general idea of a date on their own. + +This isn't financial advice, this is just me trying to make sense of what I'm seeing and share it with my fam and I'm 100% sure that *if* a date can be pulled from this information, it's gonna get **rug pulled**. Even if it's just another day or week or what ever and it'll be almost **impossible to time**. + +In other words, fuck options entirely. *(Unless you know what you're doing and enjoy playing the game itself on a day to day basis. I'm saying fuck trying to time the next cycle, just BUY, HODL and DRS.)*. + +Also I haven't been reading much of the new DD lately as I've had a lot of stuff going on in my personal life, so if other apes posted similar stuff, I apologize for the redundancy. + +Maybe I'm right, maybe I'm wrong, maybe I'm a regarded ape who eats crayons. + +But what I'm going to share is just **my** observation about the cycles themselves. + +If you get one thing out of this post it's that **MOASS is inevitable and DRS is fucking working like a freight train on crack. And** ***nothing*** **else matters.** + +\----------------------------------------------------------- + +**Now for the actual post:** + +&#x200B; + +[Something you might not know about me Joe Rogan... I DRS!!!](https://preview.redd.it/0ywa6a8yipu91.png?width=977&format=png&auto=webp&s=1724c0eb1c69b16389abb8dc5e1ebc83bd4785cc) + +&#x200B; + +GME *clearly* goes through cycles. + +The reasons are speculation but I can't deny that it goes up then down then up then down in a relative frequency that can be calculated. + +Let's look at right before January 2021's sneeze: + +[123123123](https://preview.redd.it/t3k0htk7jpu91.jpg?width=1886&format=pjpg&auto=webp&s=c79232c74f732a656095ccc3a2306cd1c1793d84) + +&#x200B; + +1. Big boi candle with a sexy peak then sharp drop. +2. Decline in price back to roughly around the previous cycle's wave "3" +3. Rise from the ashes like a phoenix in preparation for the next cycle. + +That's literally it. + +It seems to be a game they're playing to collect premiums in order to slowly unwind the position over time. Without DRS, they could have unwound it slowly. Not anymore, sorry hedgieeeee </3 + +If you *squeeze* the chart just right, you can see that even January's baby sneeze followed the same pattern. It's just heavily manipulated and thin because hedgies shut it down real quick. But had it been allowed to actually squeeze, it probably would have looked just as "wide" as the other cycles. Just really really big. + +[123123123](https://preview.redd.it/1yy0dw4ajpu91.jpg?width=1578&format=pjpg&auto=webp&s=a588a3fa15c2dea10435f674de44055b03f560d3) + +*(Might have went to like $3k to $5k and many hedgies would be bankrupt and the big bois would have lost a lot of money but still survive. And society wouldn't collapse, it would have just really sucked for them lol I bet they wish they could just go back in time and close out those shorts when they had a chance to stay in business)* + +After the skinny January baby sneeze, the cycles continued their normal look and pattern. Just bigger. + +See: + +[Nov 2020 to Jan 2021](https://preview.redd.it/c2fs4e2cjpu91.jpg?width=1542&format=pjpg&auto=webp&s=60d606b3ea2d3b8a80c209bc4c07eee7e2d6fd30) + +[Feb 2021 to August 2021](https://preview.redd.it/jymg70hejpu91.jpg?width=1184&format=pjpg&auto=webp&s=0ad9f1d1363217c935af5248ed38f293178477f1) + +Little became big. + +Meaning the little pattern turned into a big pattern. But it's the same pattern, just larger proportion size. + +The cycles were perfectly aligned and right on schedule, until something happened in August 2021. + +&#x200B; + +[12312da fuq?](https://preview.redd.it/2cdopqggjpu91.jpg?width=2215&format=pjpg&auto=webp&s=e917a8ef46ad724c1bb3c24eb55eac2fd2b0d03c) + +&#x200B; + +The blue line pictured below is the same line in both images, just moved over. + +Same length of time from wave 1 to 3: + +[Why u tease me August daddy??](https://preview.redd.it/uuyx4bpijpu91.jpg?width=1065&format=pjpg&auto=webp&s=dd0fcf266dc455f9692560046472005637b5c31c) + +The blue line below is the same distance from the last cycle's peak extended forward. + +&#x200B; + +[Not what it seems.](https://preview.redd.it/amkm57ukjpu91.jpg?width=1215&format=pjpg&auto=webp&s=fa5e028a1b25fec872120d5f9ee8a902c20f76db) + +&#x200B; + +And clearly the pattern repeats but.. why no big boi peak? It's like wave 1 is muted. + +I think August's "wave 1" is actually the end of "wave 3". + +The cycle was about to get set up to repeat February's jump but in a higher tier/price point. + +The pic below explains my thought process. + +It's a little chaotic lol but go slow and follow the arrows with me. + +https://preview.redd.it/ecu90aanjpu91.jpg?width=2127&format=pjpg&auto=webp&s=de52d2ed336071a21bc893e2d5b9b84935c19947 + +First notice the blue arrow on the bottom left from February. + +It points to the medium setup candle for wave 3 before the cycle repeats. + +Now look at the blue arrow on the right. + +They're basically the same size. + +Now look at the white arrow on the left showing the slow climb up which ends wave 3 and begins the new wave 1. + +Notice the white arrow on the right showing the same thing. + +Now look at the blue diagonal lines. + +Using the fact that the first candles were about the same size and a similar sized climb afterwards, I made the blue line on the right show where the price was about to climb. Roughly about $472. + +The pic below is what I think should have happened but for some reason, didn't. + +&#x200B; + +https://preview.redd.it/5f3r8inojpu91.jpg?width=1215&format=pjpg&auto=webp&s=727a7c21af4de76d48b93b89ba7ee7a50d1c8397 + +Taking the same distance from the previous peak to peak, you can see that little red candle was the real start of wave 1. + +https://preview.redd.it/1apfpospjpu91.jpg?width=1437&format=pjpg&auto=webp&s=ce349512ebf66647773442564ab10ee384d7e9cd + +It's way closer to the edge of the line, and makes more sense when you continue the pattern with the same length. + +&#x200B; + +[Proportions distorting and peaks suppressed. But why?](https://preview.redd.it/f1hdw4erjpu91.jpg?width=1499&format=pjpg&auto=webp&s=9bae214386d1de078b30e47aec41ba0b70129ad7) + +Big became little and then little became big. The algo was freaking the fuck out. The proportions kept distorting between the waves. It was stretching and squeezing proportion like an exponential accordion. + +Multiple mini cycles happened in between and by the time it got to wave 3, it was setting up for a jump to about 600. + +When you extend the distance forward from our new wave 1's peak, looking at it from this 1,2,3 lens, it really looks like it was about to rip as the proportion was increasing exponentially. + +Okay so clearly something happened to set everything out of whack. But what? + +**Spoiler alert:** DRS changed the pattern and caused their shorting algos to go insane, and ever since August 2021, the proportions have been all fucked up making mini cycles happen sometimes instead of big boi dildos. And I also think they're now intentionally skewing the cycles so we don't catch on to what's really happening. Which is that the cycles are changing dynamically. + +Look at the next image to further prove my point. The blue lines are the same distance every time, just shifted over. + +I think this is the most convincing evidence that from August 2021 onward, wave 3 is masquerading as wave 1 and wave 1 is being suppressed with all their might: + +&#x200B; + +[What's this rogue cycle?](https://preview.redd.it/otq5byoulpu91.png?width=1556&format=png&auto=webp&s=673ad54d64ee976eb14664fa18556cf6a000828c) + +It's pretty flawless. But after August 2021, every new wave 1 is muted and wave 3 is being set up to look like wave 1. + +It's now waves on waves on waves interlocking and changing shapes and sizes but keeping proportional distance. I'll get to the rogue cycle in a minute, but even that matches up to another smaller cycle extended out. + +It just looks so obvious. I really think I figured it out. The distance and the cycle itself can grow or shrink, but they can't hide it anymore. + +Using this method, you can literally find the 123 pattern everywhere just drawing a line from wave 3 to another wave 3 and extending it forward. + +Here's an example so you get the idea. You can see it's all the same distance and if you look closely, you can see that every line hits the beginning of a wave 3, right before a wave 1. Every time. + +Even if the scale is so ridiculously small that it's hard to see. Might have to zoom into smaller time frames to really see it clearly at times, but it's always there. Test it for yourself. + +&#x200B; + +[March 2022 to August 2022](https://preview.redd.it/yury6335mpu91.jpg?width=1743&format=pjpg&auto=webp&s=9527a2a14bf878846d58c2fe71efcb8e5a6312e7) + +I think we all missed this because we were looking for big green dildos. But with the knowledge that it changes size dynamically, it's clear as day. And I hope I'm doing a good job showing you guys what I'm seeing. + +Now let's zoom out again.. What happened here? + +https://preview.redd.it/hg514ii6mpu91.jpg?width=1541&format=pjpg&auto=webp&s=75df7d730bc7cf48a4814ccb9718849ede2159a5 + +DRS boiiii that's what happened. + +I think the T+42069 theories where hedgies have to buy back shares after a certain time frame was true. But I think that they ran into a problem after we started DRSing. + +You see like I said earlier.. Without DRS, they could just keep resetting the pattern and unwind over time. + +So the big boi peaks prior to August 2021 were due to the fact that there were shares readily available for them to buy back. + +DRS started happening around June/July 2021, so by August 2021 there was a lot of shares in transit already removed from their little scam. + +Without enough shares available to buy back to fulfill obligations, they literally can't buy them back in full now without paying CS limit sell order numbers. So the price didn't rise, and we saw hella glitches during that time. + +So muted peak in August, algo go crazy, then November it started getting out of hand with that exponential wave 3, so they did something else to delay it. + +This next part I'll admit I didn't do all the research I should have on it, so I could be totally wrong. It's just *one possible explanation*. + +It's total speculation / tin foil. But seems reasonable when I really think about it. + +So what do I think they did? + +Well first let's zoom in: + +https://preview.redd.it/kpx5i8n4npu91.jpg?width=953&format=pjpg&auto=webp&s=654099f3e635bcaba0c68d8ba5c4afae25365e47 + +There's a post in another sub about SFTs. I can't link it due to automod, but u/JackTheTranscoder posted [this link](https://www.securitiesfinancetimes.com/securitieslendingnews/industryarticle.php?article_id=225847) stating that the new SFT central clearing service went live on October 6th of this month. + +I think December 6th 2021 was supposed to be another cycle like the one before it but they found a new way to delay buying at a reasonable price of 100 million per share. + +I think they launched a soft beta on or around December 3rd, 2021, just in time to stop the next wave from reaching it's full peak and allow them to continue driving the price down. + +My reasoning: + +On [the official website](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html), the wording does kind of look like they launched it in beta on Dec 3rd. + +&#x200B; + +https://preview.redd.it/ha3p4476npu91.jpg?width=1520&format=pjpg&auto=webp&s=1ad2d65026eb8e81976b0fdf555cb6cfb180c328 + +&#x200B; + +https://preview.redd.it/46y99emanpu91.png?width=1999&format=png&auto=webp&s=54fb4a7659a545965c11804cf9eeb157f50db71b + +That last part looks like they're inviting people to participate, test it out, give their feedback and ignore obligations on the low before the full launch. + +Another thing that caught my eye: + +>NSCC will generally support the activity in CNS eligible securities. + +What the fuck is CNS? + +[Read this](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) + +&#x200B; + +https://preview.redd.it/71hz09gcnpu91.jpg?width=1769&format=pjpg&auto=webp&s=50514f840ac106155e690b1750cd54aacd9d6b23 + +>[What Is Mark to Market (MTM)?](https://www.investopedia.com/terms/m/marktomarket.asp) +Mark to market (MTM) is a method of measuring the fair value of accounts that can fluctuate over time, such as assets and liabilities. Mark to market aims to provide a realistic appraisal of an institution's or company's current financial situation based on current market conditions. + +Basically "Fuck the rules, fuck the obligations, we don't give a fuuuuuuck bro. Do what you want, we'll have your back. Your short position gets blown up? Meh, we'll revalue it to minimize risk. Because ya' know... Rules only apply to the poors. ;-)" + +Of course, this SFT central clearing service shit and all their tactics only apply to a non DRS'd stonk. + +So to review what I believe has been going on since at least December 3rd, 2021, the stonk needed to be bought back in cycles as we're aware. + +They realized DRS was going to make the purchases go exponential in price. So they soft launched the SFT central clearing shit *(or some other fuckery method)* in order to simply ignore it for a while and they currently have an open SFT agreement or equivalent which is constantly re-valuing the position so they can stave off margin calls. But DRS is fucking up their algos hard. + +It could be that every time they do a "marked-to-market" re-netting, they could just be selling to themselves on the dark pool for pennies to allow the transaction to roll over somehow. + +But every time a share is DRS'd, it doesn't matter what you value the stock at or how you cook the books, if you can't locate the share, you're fucked and have to actually pay fair value on the live market. + +So they really are hanging on day by day using up boat loads of cash to suppress wave 1 every time so they don't go under because there may actually be a critical margin level for them. + +And that's my tinfoil theory of why November 2021 had that huge drop. The SFT thing might have holes and it could be some other reason, but I think I'm on the right track of "what" is going on, regardless of "how". + +And they were sustaining it for a while. Untillllllll.... RC bought towel stock which fucked them in the butt. + +Their collateral obligations even with this "new service" went through the roof, DRS is working and they had to locate live market GME shares which gives us the the rogue March 29th wave which was very out of place but now makes a lot of sense. + +If anyone has any info to debunk my tinfoil or to help support it, by all means let me know and I'll make an edit cuz I admit I'm dumb sometimes. + +So wrapping this up, the 123 Cycle seems legit to me. But it's not the *"something huge"* I promised at the beginning. + +**This is:** + +[Little becomes big. Really big.](https://preview.redd.it/nylhqptdnpu91.jpg?width=1481&format=pjpg&auto=webp&s=5eec268a620349e11f4ced60ab29e315b7b5e1f4) + +We bout ta blow. When? Who knows. But my guess is that it'll continue to fluctuate up and down for a while. + +We could see 30 or 40 bucks short term before a slow decline back to the base which ends wave 2 and begins wave 3. Or it could literally just drop from where it is to the base before it rips. I have no fucking clue lol but I feel I'm right about wave 3. + +Timing is literally anybody's guess at this point due to the nature of how these cycles are fluctuating in proportion and even if this 123 method is "right" about the next wave 3, that could just be a baby wave 3. So that's why I'm adamant about just buying, holding and DRSing and waiting it out. + +Again, no dates. This is not financial advice. This is just my observations and some tin foil for ya'll to wake up to lol hope you guys have a great day and enjoyed reading my ramblings. <3 + +**TL;DR: 1. Price go up, 2. price go back down, 3. then price go back up again. DRS is making this cycle happen faster and more violently, and each new peak is being suppressed because they can't locate the shares to buy back so they're ignoring it somehow.** + +**And the monthly chart is setting up for a major rip. Don't get tempted, just DRS and wait it out.** +So I've really been trying to brush up my financial modelling skills. So I picked a company that I was glancing over that I thought was currently undervalued, Japan Tobacco, and threw together a really quick and dirty DCF model in excel. It only took a little over an hour, so that should already be a sign that it's not going to be the most accurate of things. I'll put the link to the dropbox of it at the bottom so you can look at and know what I'm going to be going on about. + +What I have right now is purely based on the information that I got from the income statement and balance sheet. I streamlined it so that, in a sense, I got a quick idea of what I was dealing with. Because I didn't go in depth reading the annual report or any other filings, I made some pretty basic assumptions regarding its growth of revenues, CapEx, Net Working Capital, and all that. Furthermore, I made some assumptions regarding the WACC and EBIT multiple. The latter of which I simply pulled from NYU Stern's list of multiples, and picked the average for tobacco companies. + +I've heard before that doing a DCF or any financial modelling and forecasting is more of an art than a science. I understand that, but as you can tell already, my model is based off of some heavy assumptions. What I'm looking for is a way to refine that from bare bones simplicity to something that is a bit more reliable. + +To get straight to the point, I ended up with a final value, per share, of close to 4000 yen. The company is currently trading at around 3400 yen. So based off of what I got, that sounds pretty good. And based off of some other analyst estimates, its not too far off their average. However, I know my method of getting there would be a bit different than the method that they employed. I am simply looking for some feedback: so, in a sense, I want to know what parts made sense, what parts were a bit off, and what parts were astronomically stupid. + +Link to Excel file: +https://www.dropbox.com/s/ftli6a0nw1bidd5/Japan%20Tobacco%20DCF.xlsx + + +TADR: I’m asking if, based on the prospectus, we register the float is GameStop free to push the button on their plans to issue “individual securities”? MOASS still happens and the DTC/agents/brokers still have to cover non-DRS shares. + +I’m posting to help generate discussion because I think there is something to discover here, but I’m too smooth brain to figure it out… + +What happens when we register the float and become holders of record for the entire float? What happens to the GME ticker on the NYSE? + +From GameStop’s own prospectus p. 15-16, link below, they detail the option to exchange “global securities” for “individual securities” at such time as a depository (the DTC) is “unwilling, unable, or ineligible” to continue as depository. Sounds like registering the float falls under unable and ineligible. GameStop says the will issue the exchange within 90 days of this becoming the case, unless they find another depository. + +So, say it happens, we get “individual securities” whatever they may be. Where are these traded? Assuming NFTs I know the answer, but still, I’m just thinking out loud. + +GameStop also says here they are not responsible for any payments to holders of “global securities,” be they real or shorted. It’s all on the depository. So what happens to the naked shorts left under the DTC? + +To me it sounds like that is ballgame. We register the float, GameStop issues us new securities within 90 days (hopefully NFT), then whatever the DTC is left with is completely on them, GameStop and all holders of the new individual securities are now out of the picture so to speak. + +This also means that the current price on the NYSE literally doesn’t matter, because we are leaving the NYSE. + +I’m sure there are other questions I’m not even thinking about… + +https://news.gamestop.com/node/18961/html + +Edit: Getting a lot of comments about this being FUD. Go read the prospectus, it is in the prospectus. This is literally not FUD and I’m asking questions because I want to know the answers. How is asking questions about the prospectus FUD? + +Edit2: what the prospectus says happens to the global securities (non-registered) shares: “We expect that the depository for a series of securities offered by means of this prospectus or its nominee, upon receipt of any payment of principal, premium, interest, dividend or other amount in respect of a permanent global security representing any of such securities, will immediately credit its participants’ accounts with payments in amounts proportionate to their respective beneficial interests in the principal amount of such global security for such securities as shown on the records of such depository or its nominee. We also expect that payments by participants to owners of beneficial interests in such global security held through such participants will be governed by standing instructions and customary practices, as is the case with securities held for the account of customers in bearer form or registered in “street name.” Such payments will be the responsibility of such participants.” + +Edit3: [DRS is a DTC stock withdrawal confirmed! DRS takes shares out of the depository.](https://imgur.com/a/UlU7aqP) +Guten Morgen to this global band of Apes! 👋🦍 + +Isn't it strange that immediately after Citadel managed to secure a $600m loan, GME has been on a sustained downward trend? +There is zero doubt in my mind that this is where that cash has gone. +Citadel was on the brink of destruction, with GME at a recent peak and their holdings of BBBY dropped in value. +Fear not: they cannot out-HODL the Apes. + +Though I often write far more, I think I'm going to just leave it at that. + +Today is Thursday, September 1st, 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: **$27.91 / 27,91 €** *(volume: 5343)* +- 🟩 115 minutes in: $27.81 / 27,81 € *(volume: 5341)* +- 🟩 110 minutes in: $27.81 / 27,81 € *(volume: 4400)* +- 🟩 105 minutes in: $27.81 / 27,81 € *(volume: 4360)* +- 🟥 100 minutes in: $27.80 / 27,80 € *(volume: 4280)* +- 🟩 95 minutes in: $27.86 / 27,86 € *(volume: 3819)* +- 🟥 90 minutes in: $27.86 / 27,86 € *(volume: 3569)* +- 🟩 85 minutes in: $27.86 / 27,86 € *(volume: 3487)* +- 🟥 80 minutes in: $27.86 / 27,86 € *(volume: 3436)* +- 🟩 75 minutes in: $28.02 / 28,02 € *(volume: 2303)* +- 🟥 70 minutes in: $27.96 / 27,96 € *(volume: 2141)* +- 🟥 65 minutes in: $28.13 / 28,13 € *(volume: 2055)* +- 🟥 60 minutes in: $28.17 / 28,17 € *(volume: 2048)* +- 🟥 55 minutes in: $28.18 / 28,18 € *(volume: 1943)* +- ⬜ 50 minutes in: $28.19 / 28,19 € *(volume: 1943)* +- 🟩 45 minutes in: $28.19 / 28,19 € *(volume: 1603)* +- 🟩 40 minutes in: $28.18 / 28,18 € *(volume: 1582)* +- 🟥 35 minutes in: $28.17 / 28,17 € *(volume: 1582)* +- 🟩 30 minutes in: $28.18 / 28,18 € *(volume: 1582)* +- 🟥 25 minutes in: $28.07 / 28,07 € *(volume: 1582)* +- 🟥 20 minutes in: $28.11 / 28,11 € *(volume: 1465)* +- 🟥 15 minutes in: $28.16 / 28,16 € *(volume: 1445)* +- 🟥 10 minutes in: $28.21 / 28,21 € *(volume: 319)* +- 🟥 5 minutes in: $28.25 / 28,25 € *(volume: 170)* +- 🟥 0 minutes in: $28.29 / 28,29 € *(volume: 169)* +- 🟥 US close price: $28.64 / 28,64 € *($28.50 / 28,50 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've been trying to build a portfolio for myself and failed. I can't come up with a reason why I shouldn't put 100% of my investments in the [iShares Core S&P 500 UCITS ETF (Acc).](https://www.justetf.com/en/etf-profile.html?isin=IE00B5BMR087) Am I wrong? + + +I considered pairing it with [iShares Core MSCI World UCITS ETF USD (Acc)](https://www.justetf.com/en/etf-profile.html?isin=IE00B4L5Y983) and/or [iShares Core MSCI Emerging Markets IMI UCITS ETF](https://www.justetf.com/en/etf-profile.html?isin=IE00BKM4GZ66), but the S&P 500 looks to be a better option due to its stability and good returns. +I tried to do my research and searched a lot of subs and other websites (justETF, Yahoo, Bogleheads, iShares, etc.) but I can't find the answer to my question: + +When do Accumulating ETFs reinvest in themselves? Do they follow their Distributing pairs fund distribution (I found the iShares Dist ETF details [here](https://www.ishares.com/uk/individual/en/literature/prospectus/ishare-iii-plc-en-emea-prospectus.pdf) on page 106) ? If they don't where can I find the Acc ETFs' dates? + +Follow up question: what if the reinvested dividend doesn't cover the price of a full ETF? Is it going to buy me a fraction? +Hello guys, + +&#x200B; + +I need some explanation. + +I am a french-resident and I have been investing in ETFs of Vanguard and Ishares. + +These ETFs are located in Ireland. + +I would like to understand how dividends are taxed. + +I know the law on capital gains and dividends in French, but nothing about Ireland located ETFs. + +I heard about double withholding tax. + +Can anyone clear it for me? + +Thanks guys. +Hello. A few years ago I started buying IWDA iShares Core MSCI World UCITS ETF and in 2021 I added some EMIM iShares Core MSCI Emerging Markets UCITS ETF (currently about 3% of my portfolio). + +The accumulating version of Vanguard FTSE All World UCITS ETF (VWCE) was not available when I started buying IWDA. If it was, I would have used it. I can buy it now and this has raised some questions. + +I am considering three options: +1. Sell all my shares in IWDA and EMIM and buy VWCE. +2. Start buying VWCE with new money, keep IWDA and EMIM. +3. Keep investing in IWDA and EMIM and ignore VWCE. + +Option 1 will not lead to capital gains taxes, but will cost about 100 euro in brokerage commissions (50 to sell and 50 to buy). And as far as I know, I will have to wait 2 days before the money settles and the market could rise during that time. + +I like the simplicity of VWCE. What would you choose? +Hi. I'm 25 currently living in Germany and I have a capital of around 20.000 euros which I would like to invest with two main goals: 1) early retirement 2) buying an apartment in my early 30s. + +Of course I do not expect my investment 2) to cover up the whole costs when I will be buying a property but I am just saying that I would like to split my investments in two parts, one of which will be likely withdrawn earlier than the other one. At the moment I would be putting 15.000 euros in investment 1), leaving 5.000 for investment 2) with monthly top-ups for both of around 300 euros. + +Now I am seeking some advices on the platforms I should use. I don't have any particular requirements but I would highly prefer if the platform I use would offer their services in English and automatically pay the taxes for me. + +Regarding investment 1) I honestly could not find many options. The only one I am considering right now is Vantik ([https://vantik.com/](https://vantik.com/)) which, as far as I understood, is just a nicer frontend to BNP as they would open me an account in the mentioned bank and manage everything for me. They have a 1,18% annual fee plus a 1% on each deposit. The fee scheme sounds reasonable to me but I know there are probably better solutions. + +Instead, about investment 2) I have been considering two possibilities: + +1. Build an ETF portfolio myself on some platform like DeGiro/ING +2. Use MoneyFarm ([https://www.moneyfarm.com/](https://www.moneyfarm.com/)) which makes you investment plans based on your willingness to risk + +DeGiro/ING would require me to build and manage the portfolio myself which is kind of riskier considering I do not have much knowledge in the field (plus ING is in German only). Therefore I have been thinking about going with MoneyFarm even though I did not make much researches on it and on its competitors yet. + +Now my questions for you are: + +1. Does my strategy sounds reasonable? +2. Do you have experiences with Vantik, DeGiro, MoneyFarm or any other platform you would recommend to me considering my goals? +3. Is the amount of money I am willing to put in reasonable to achieve my goals? +Hi guys, need some help here. Not sure if this has been discussed before/recently, so apologies for repetition if it has. + +I (36yo Spanish citizen) lived in the UK for some 9 years or so, of which I worked and earned a pension for some seven of those years through a private plan set up by my company. + +I moved to Denmark a couple of years ago but never really sorted out my UK pension. I don't plan to live in the UK in the future, and with all the Brexit hoo-ha, I was thinking it's probably smart to take that money out of the UK. Also to just have it in the country that I plan to live in indefinitely. + +So my question is: what has been your experience in transferring your pension to a EU country? Is it worth it, what were the challenges, was it easy to do, etc? + +If there is anyone out there with Denmark-specific experience of this, it would even be more helpful! + +Separate (and more personal): should I transfer it or should I just leave it in the UK and deal with it later? + +Thanks in advance! +I am turning 30 next year. Currently at about 3k salary (NET) and about to be promoted to around 3.3k in a few months. I have been hesitant to start investing as my father passed away 3 years ago, leaving my mother with around 100k in debt (paying off a house - 900 EUR per month for the next 12 years or so). I managed to rent out the house on a long-term deal and helped my mother move to Germany. She is now working and things are more or less stable. I have now saved around 25k EUR and about a year ago invested 1.2 k in BTC/ETH - these are currently worth around 3.2 k EUR. I also just recently started investing 400 EUR monthly in etf (MSCI Developed world and Emerging markets 88/12%). Also plan to DCA in crypto from now on with around 100 EUR per month and about 250 EUR on stocks of the company I am currently at (I get them on a discount). All of this totals to about 23% on monthly basis. I am not planning to buy a property in Germany, but planning a child with my partner in the near future (she earns same wage as I do). + I still manage to save up around 30% of my salary and I am thinking if I should invest more? +Also, is 25k emergency fund too conservative, considering the risk of potentially having to pay out the house lease? (my younger brother is also working and would probably share that 50/50) with him. +Would highly appreciate opinions on my investment strategy ☺️ +Guys, what apps do you use to tracker your investments? + +I’ve found Delta, but it looks like just for coins. + +I need one for Stocks, ETFs and coins. + +Thanks! +Hello guys! + +I would really appreciate your advice! + +I want to invest a large sum of money (approx. 800k) fairly quickly, as inflation and the general economic development are obviously bad at the moment. + +I am currently considering investing in a flat for a budget of around 800,000 euros in Paris (central arrondisments, approx. 60-75 sqm) as a financial investment, as I would like to place these values somewhere quickly. I already have some experience with real estate, but in Germany. The real estate market in German cities is not only completely exhausted and overpriced at the moment, but the returns here would also be lower than in Paris - or at least that's how it looks according to my calculations. + +**Do you have any experience with investing in Paris?** + +I have read that currently - mainly because of Corona - many flats are empty in Paris (no tourists and Airbnb rentals...) so that more flats than usual on the market. I am looking for a nice flat in a bigger city in Germany since a few months and could not find any suitable property so far. In fact, I currently have the impression that you can find a lot more good flats in Paris than in Berlin, for example. + +For a flat I currently looked at in Paris, I would have a gross rental yield of about 3.6 - 3.75% in long-term rentals if you look at comparable flats and rents, which would not be the case compared to the currently available flats in German cities. + +In my circle of acquaintances I am advised against it with the very reasonable reasons that I am not familiar with the real estate market abroad, that I don't know how the rentals might work and that in general I might tie a lot of trouble and hassle on my heels.... all very valid points, which is why I'm thinking it's a snap idea myself right now. As I said, I am also considering investing in other financial assets at the moment, and I am currently taking advice from two different sources. + + ETFs are of course a possibility, and I am currently in intensive consultation on this. But my question here should now relate to a real estate investment, as I would like to think in any direction. + +**What do you think? Does anyone perhaps even have experience with such a consideration? Does anyone have flats in France?** + +Many thanks for any suggestions! +Hello all, + +Couple 27M 22F, after some simple budgetting and planning our e-fund we've got +20k€ left to invest. + +We live in Barcelona and paying 1.1k€ rent (for a very simple flat, I know, its super expensive...). However, if we want to buy our own property we are asked 20% as mortgage downpayment + all the taxes you really need up to 30% saved up... All in all, we need something like 70k€ for a downpayment on a simple flat. + +After lurking this reddit for some time and reading and getting informed, Index funds sound like the best deal to invest our money. Specifically, roboadvisors are one of the best options in Spain to invest due to tax law (not paying taxes on transactions, e.g. buy/sell), am I right here?? + +I came across Openbank's roboadvisor and felt like the easiest option (as we already had the money there and is partnered with BlackRock), so we invested 5k just to try out investing in a roboadvisor. + +After reading more about the subject I then found out that Openbank's fees (1.03%) were higher than other roboadvisors available (myinvestor or Indexa Capital - 0.62%). + +I plan to invest another 15k€, should I cancel with Openbank and move 20k to Indexa Capital, should I diversify and keep 5k @OB and throw the 15k at Indexa? Also I plan to add 500€/month on top of that, should I split those among both or just add onto the lowest %fee one? + +Are we doing the right thing with this type of investing if our goal is to save up for the downpayment of our home (in 3-5 years) before saving up for retirement? + +Sorry for the long post and thank you all in advance for your help!! +To keep it short: First time young investor with limited knowledge. 16k€ lying around. I will be using Nordnet for purchasing + +I was thinking of 50/50 split to funds and stocks. For funds + +* 3000€ Nordnet indexfund Finland (No costs, [Link](https://www.nordnet.fi/markkinakatsaus/rahastolistat/16801606-nordnet-indeksirahasto-suomi) ) +* 2000€ Nordnet indexfund Norway (No costs, [Link](https://www.nordnet.fi/markkinakatsaus/rahastolistat/16801605-nordnet-indeksfond-norge)) +* 2500€ SXR8 and monthly deposits of 50 to 100€ (0.07% p.a, [Link](https://www.nordnet.fi/markkinakatsaus/etf-listat/16128786-black-rock-i-shares-core)) + +And then about 8000€ for 4 different Finnish stocks (some in banking and some industry) which pay dividends, and i will invest the dividends back to the stocks. Looking to keep these for 5-15yrs, so it is quite long term investment. Might change them around a bit at some point if necessary. + +&#x200B; + +Does this plan make any sense or is there something awfully off? + +It is now very Finland and USA focused. So should I look into EUNL (0.20% p.a) or look for more options further than SXR8 and Nordic funds, like some European/Asian focused ETFs? + +&#x200B; + +All and any tips are welcome, thank you in advance! +So I'm thinking of beginning in investing, more than likely going for long term ETFs. I've seen in a few posts though that this isnt overly viable as the tax rate is so high here. Just wondering what some people with experience in this think. + +I have 1k at the moment to begin. +Feeling frustrated from other personal finance sites. Thankfully I'm stubborn and resourceful so I've started drawing houseplans for people which is very lucrative so freedom is in site. Still frustrated by the oh just get a $40 an hour job with benefits bullshit. What world are these fools living in? +I will literally hold off on everything that’s important just because I don’t want to see that money leave my account. I need new tires for my car. I have more than enough money to do that but there is some irrational fear of me never having enough money so I will just put it off. I guess it’s growing up in poverty your whole life huh? +My parents are convincing me to invest together as a family. They want us to split the cost and try our luck in either real estate or dividend investing, but we can't decide which. We are weighing the benefits and drawbacks of both options. + +My father suggested that we consider real estate investing because it has been shown to be beneficial in the long run, and if done correctly, it can generate lucrative returns for us. While having our money in the market will undoubtedly require less energy and effort from us, dividend investing will undoubtedly require less energy and effort from us. + +I'm not very knowledgeable about this and I really want to support my parents' plan so I've been researching and looking for various platforms that can assist and guide us through our investment journey. I came across [Hedonova](https://www.hedonova.io/?r=1), [Fundrise](https://fundrise.com/), [Carl Inc.](https://moneymade.io/discover/carl-inc), and [Yieldstreet](https://www.yieldstreet.com/) but I'm not sure which one to use. Is it possible that some of you already experimented investing through these platforms? + +I don't want this to go to waste because I want to ensure that it will be a reliable source of income for my elderly parents. + +I'm excited to hear about your own experiences and specific recommendations for a better strategy. +**TL;DR** First month hitting $500K and reflecting on the journey as a high income, no debt, millenial. + +Well, I finally crossed $500K. I don't think I understand what that means still. I probably belong in the fat FIRE sub instead, but seeing the number made me feel a strong urge to reflect on my journey. + +**Background** + +I grew up poor in a decently well off Midwestern area as a first generation Asian American. Mom passed away early. Dad was a chef working 12 hour days. He had no concept of financial literacy (or literacy in general, actually)--didn't believe in bank accounts and stored cash in a box under his bed; thinks credit cards are bad; doesn't have a 401K; didn't have health insurance. I grew up on food stamps, but life was good and I had an amazing support system through my friends. Though I looked around one day and realized *I don't want to end up like my dad.* + +Mom always told me education was important so I focused on getting good grades in high school and walked to a nearby fast food restaurant after school to work once I was of age. Got a cheap beater car at some point and got an $11/hour job from my friend's dad doing data entry my senior year on top of the other job. I feel like I got thrown a bone when it came to college--I was one of those "let's see what happens if we give them an opportunity to succeed" cases. I was accepted into an Ivy League school with tuition fully funded given it was need-based. + +I remember opening my first bank account when I got on campus--I opened a tin can and handed them about $2K in cash to deposit that I saved up from high school. It was a student-run credit union and I got a weird look. + +**Career** + +Summer of my junior year I made real money as an intern. Did the Wall Street thing as an investment banking summer analyst and received a return offer to start full-time. Didn't really expect to end up on this career path, given I didn't even know what Wall Street was growing up. + +The one thing I learned was to open a Roth IRA. So in April 2013, I had $9K to my name: $4K in cash and $5K in a Roth. My journey starts here, a couple months before graduation and starting my new job. + +[Net Worth Tracker](https://imgur.com/hGXBaVq) + +I moved to NYC after graduation for my job on Wall Street. I worked a lot, but I saved a decent bit by living behind a row of bookshelves and a curtain, paying $1.2K/month and sharing a bathroom with three other people. I maxed out my 401K every year and while I still went out and spent money, it was not to the extent I know my friends spent. + +After about 1.5 years of banking, I left for the world of private equity like most of my peers. More money, better lifestyle, I guess. Moved to another East Coast city that was not that much cheaper than NYC, but I managed to move into a 590 sq ft studio with my significant other. My share of rent was around $1.7K thanks to the $400/month parking fee I needed to pay. Grinded the PE thing out for two years and decided to move to the corporate world and took essentially a *50%* paycut. In retrospect I wouldn't recommend that... But I personally believe the money will always catch up. And it did this year, after two years of being severely underpaid. My total comp (bonuses included) below: + +* 2013 - $105K +* 2014 - $140K +* 2015 - $180K +* 2016 - $200K +* 2017 - $105K +* 2018 - $125K +* 2019 - $220K + +**Current Situation** + +So now I live in a relatively expensive city no longer on the coast. I am paying $1.5K for a two bedroom apartment (wow I can't believe I have walls now) split with my SO. My compensation is finally back ish in line with where it was two years ago and I have a job that's challenging me and helping me to grow career wise. + +My savings rate is around 55%--my mentality with saving has always been to save a fixed amount every paycheck and allow myself to spend the rest. We eat out every weekend. I have a hobby that I used to spend ~$1K on every month. These things make me happy so I spend the money on it without giving myself any heartburn. + +I send my dad money every three months or so, given he is now retired overseas and does not have a 401K to draw on so I am his retirement fund. I don't have a budget, other than the fixed amount of dollars that I make myself save every month. If I have left over dollars, I'll save more. If I fall short, I'll make up for it in the following months. + +I max out my 401K and backdoor Roth IRA every year. I invest only in broad market ETFs. I'm saving, and sometimes I'm not sure what for. I will likely be in a new city after 3-5 years, and I don't know when I would want to buy a place. I just keep moving dollars into my brokerage account when I have too much cash sitting in my Ally savings account. Thought about getting a financial advisor as I'm sure I'm not optimizing my returns (maybe I should consolidate my 401Ks?) and I feel like I'm managing my dollars in a complacent manner. It feels weird to have money, but I'm scared of not having money like when I was a kid, so I keep saving. + +Regardless, here I am, as of 10/31/2019 the final number on my NW tracker is $516K from the $9K on 4/30/2013. +I graduated with my Bachelor's of Applied Pscyhology back in July, and went to school entirely on loans and grants. Worked at the school's IT desk part-time, and made enough money to keep my car running. During my senior year of school, was forced to take out an additional loan in my parents' names to pay for everything. + +Fast forward nearly 4 months. I got hired right out of college (A whole week of vacation from graduation to my first day) at my local community-based mental health agency, making about 30,000 a year as a Case Manager, more money than my parents were getting paid at their peaks. +In living at home through undergrad and now going through grad school, I've managed to knock out the loan in my parent's name, and now have that much more income to pay off the Stafford loans and pay my way through graduate school. + +When all is said and done, I will be about 85k in debt overall (another 60k from grad school), assuming I don't pay anything off for the next 3 years of school. +After school, I will step into my first therapist job, making about 45k a year minimum. +So, now that I've finished humblebragging the excitement of paying off a loan I thought would take much longer to finish, on to my actual question. + +Should I look at moving into my own place, for the sake of life experience and learning how to live entirely alone, or do I save the 450 a month and just chip away at my loans? +My husband (boyfriend at the time) and I have struggled financially since the moment we moved in together as inept teenagers 10 years ago. There were times that we scrounged for change in and under the couch so we could buy a 50 cent can of generic beef stew that, in retrospect, was probably only a grade or two above dog food. Since then, we've settled in our careers and earn a modestly decent living (a change from about $20k/yr to $75k/yr). + + +It was 2 years ago that I began reading posts on PF and wondering why we were always living paycheck to paycheck and our credit was in the trash. With PF's guidance, I began tracking every cent, using credit responsibly, built a 6 month e-fund, opened and maxed out IRAs for us both, and began progressively upping contributions to my 401k. I also began making more informed investment choices (the early 401k years were a hot mess). + + +In these 2 years, our liquid savings has increased from $2k to $15k, and we have $20k in our retirement accounts (little acorns and all). We have cleaned up our credit reports, have no outstanding debt and always pay credit card balances in full. Most exciting of all, we are about to close on a modest $70k house where the principal, interest, tax and insurance will be roughly half of what we currently pay for rent. + + +PF gave me the wake up call I needed, the wisdom to guide me, and has completely changed my view of money and ultimately life. Growing up poor, money was a symbol of oppression, a way that scheming fat cats kept me penniless in the gutter. Now I see it as a tool that makes my life run more smoothly and gives me a peace of mind that I never thought possible. + + +I know my accomplishments are modest and I can't complete with 25 year old engineers with six figure net worths, but I can't overstate the effect that PF has had on my life. I will forever be *profoundly* grateful. Please accept my most humble and entirely sincere THANK YOU!!!! +http://www.cnbc.com/2016/06/06/the-truth-about-retiring-on-time.html + +That's a hellish chart in the middle of the article there. Looks like we're up from 16% to 22%. Somehow Japan and Ireland are the only countries headed the right direction. + +I had a big wakeup call when dad died before he could retire. That and a friend turned me on to MMM which led me here. I have a lot of things I intend on doing in life and very few of them involve me being cooped up behind this desk. +Hi all, + +I'm a Bitcoin believer since 2016. I've DCA'd every month into Bitcoin only and I've promised myself to never sell my sats unless there is an emergency situation. + +I've had a very good and pleasant life so far : I've been with my wife for 7 years and we have the pleasure to have a wonderful 10 months old little boy. Also, we bought a nice house together last year with a 25 years loan that we pay back every months ever since. + +Unfortunately, my wife has decided to break up with me recently.. We will therefore have to sell our house and move to separate flats. But my only salary will not be enough to buy a new flat in the neighbourhood I desire. + +Be sure that i consider Bitcoin as a thing of beauty, and I'm sure it is the best asset we can own today. + +But today, as my portfolio has gone up in value, I will sell a good chunk of my stack to buy the perfect spot so my little son and I will be happy in this new chapter of our life. He is and will always be my priority : he is my moon. + +I will keep DCA into Bitcoin whatever I can tho. Cheers, and see you guys soon! + +EDIT : Wow, thanks so much for all your kind words guys. It feels really good to be supported. I’m glad there are still places like this where total strangers keep helping each other. + +EDIT 2 : Some people recommand not to sell my sats, but instead, take a loan against them with defi platforms. In normal circumstances, it would already be risky short term, but as I'm already in trouble because of the break up, I'm not sure I will consider this option IMO. +Hi guys, please let me post this here, and if there is any advice pls comment below. + +TL;DR: Recently I have transfer money to a wrong account in a different bank (CBA to Adelaide Bank). The amount is low 5 figure. And the recipient refuse to pay back the fund. + +Here is quote from the bank: + +“Unfortunately, the recipient customer has refused to return the money. + +What you need to do + +With your permission, we could make further efforts to recover the balance of the money transferred using the trace and recovery process. We cannot guarantee this would be more successful as it depends on the recipient consenting to the repayment. Also, there are fees associated with this process which you will need to consider when determining whether to pursue this option. + +Alternatively, you could seek independent legal advice to find out whether you can recover it another way. + +When transferring money electronically via the internet, please ensure that the money goes to the correct account by checking the details you enter carefully before confirming the payment. + +Please note no Bank fee has been charged for the attempted recovery.” + +Man I’m so sad. Money that I have worked hard for, and it is supposed to be sent to a family member in need. If you have any advice on what I should do, please comment. I appreciate it. Thanks +I am currently a full time college student interning at a computer company of sorts making on average $350 a week until mid August. I have around $1000 in savings as of right now, and a car I could easily sell for around $30,000 if the need arose. I am very excited to be a father, but I am also terrified at the thought of not being able to support my child. Does anyone have any advice for me? My girlfriend is a waiter who makes around $35,000 a year for a little more info. We are sticking through this together. +Edit: Thank you all for your encouraging words and sound advice. +Edit 2: My inbox has been blown up, I cannot put into words how much I appreciate all the advice and words of encouragement you all have given me. It means much more to me right now than you can imagine. +Hi Guys - + +Posting from my alt account. + +First of all, I am not a MBA finance or have heavy experience in investing so if all of this sounds ridiculous, I wouldn't be surprised. I would love to hear your opinions + +**Base Assumptions** + +* I'm an idiot for the most part hence getting into day to day investment is not my forte. I'm more likely to fuck it up unless I devote a lot of time understanding investing. +* All the fluctuations will be normalized in the long-term and it's extremely difficult for me to time the market. I'm personally looking at 5 and 10 year horizons. +* Compounded value of anything is powerful! +* More money makes more money in absolute numbers (for the same % rate of return). If the principal amount invested is higher, then the money gained in absolute numbers will be higher. +* I am young and I can takes risks. My scale of investments should be well within my reach. +* Long term equity earnings remains untaxed until Government decides to fuck us all at the end! +* I am not adjusting for my salary increments and bonuses. +* I will be in the current job for next 2-3 years without any loss of job risks + +**Goals** + +* Health insurance for family (mother and parents) +* Life insurance for family +* Backup emergency capital for any immediate crises +* Have 1 crore in asset at the age of 32 years (roughly after 5 years for me) + +**Background and Current Situation** + +I live in India and around 26 years of age. It has been sometime working for me here and there. I have saved some money but eventually lost some money in startups both in terms of opportunity cost of leaving a job and investing in startup. But now for the next few years, I will work in a job. + +Right now, I have cash savings of 4 lakhs in my bank account, 5 lakhs in my PPF account, 3.5 lakhs in my PF account. + +I currently earn 30lpa. Out of this I can save 15lakhs annually in cash with 2.16 lakhs that keeps accumulating in my PF account yearly. The additionally money is 6 lakhs income tax and 7 lakhs for my living expenses annually. + +**Plan** + +* I intend to save for the next 6-7 months and accumulate around ~10L in cash savings of my own. +* I don't intend to touch my PPF and PF account. That remains roughly 10L that I can withdraw at any point. Of course, some time delay will be there in crises to withdraw it but hopefully I can manage the bridge. +* I plan to take personal loan of 25 lakhs in the next few months. One from SBI and Citibank wherein I have accounts. + * 10L from SBI (their. max limit) for 5 years. EMI: 23k + * 15L from Citibank for 3 years: EMI: 50k + +* Will repay SBI loan as quickly as possibly within the first 18 months or so. I want to get free from EMI liabilities and get free cash flow as my marriageable age will be near. Will save 5 lakhs thereafter for wedding expenses from my running income +* Will repay 2lakhs and 2lakhs after 1st year and 2nd year for my Citibank EMI to get it to ~40k & ~25k freeing up more cash for my wedding. +* Interest accumulated over this loan over the next few years @12% accordingly with some risks factored in, will be 5Lakhs. Hence for a loan of 25 lakhs, I shall be paying up 30Lakhs + +**Investment** + +Now that this math is clear, I have to invest 25L from personal loan and 10 lakhs from my next 4-5 months. That totals upto 35Lakhs + +* I don't plan to invest in property as I don't see that as the most beneficial investment vehicle. My money will be locked up with lot of hidden charges here and there. Not to mention the costs in maintenance. I am from middle class background and my parents insist of buying a home but for me, I want to buy a kickass home for living once and for all. If not then, I am happy renting good houses with investment returns and my running income for my life. As the cost of rent to property ratio is less, that is advantageous in renting +* Right now the inclination is towards decent risk but high return, small-mid cap equity mutual fund invested over 5/6 years. I am targeting base min. of 15% rate of return and if god remains with me, then hopefully 20-25% annualised. As I understand from the top performing funds (such as FT small cap, Reliance small cap, Black rock funds), this is not out of the whack. Worst case, I can tolerate negative rate of return. If say a year or two doesn't touch that good, then I can extend 5 year horizon to 6-7 years. + * 15% annualized over 5 years = 2x + * 18% annualized over 5 years = 2.25x + * 20% annualized over 5 years = 2.5x + * 25% annualized over 5 years = 3x +* That brings the overall investment assets from 35L to be 70L - 1.05Cr in mutual funds. I will also have 20L in PPF & PF savings. Will also have 10L-20L from my last two year savings (age 31 & age 32) +* Worst case my money doesn't grow shit. It merely grows to 50L from 35L. I would still have earned 50L - 40L = 10L (since I paid 30L for 25L loan and 10L of my own) +* Mutual fund also is liquid asset so in absolute worst and crises cases, I can pull out the money +* I have health insurance of my own from company of around 10L which includes my family as well. +* I will additionally take a health insurance of 20L which computes to 34k per month. With tax adjusted, that boils to 25k per annum = 2k per month. Should be fine. My parents are 54 years and 50 years +* My mom and dad have taken a life insurance policy so I don't have to worry about that bit. +* I have an ancestral land which I plan to sell. It will get me around 6-7 lakhs which I will invest for 20 years for my parents. By the age my parents turn up 70-75 years, I can get that to 70L to 1Cr. 10x return over 20 years is not out of the whack. They will have additional health insurance covered up from my running income. + +**Help Needed** + +* Please share your thoughts, criticism and any accounted risks that I might not have taken (loss of job shouldn't be there for the next 2 years for sure) +* I needed some leads on mutual investment and financial planners that can assist before investing a big amount (35L). Would be great if you can share +* If there is reasonable portfolio management company or advisor who doesn't reek of scam, it would be great to connect. +* I would love to hear about any potential investment vehicles apart from mutual funds and your experiences. Like I said I'm an idiot + +**Distant Ridiculous Dreamy Plans** + +I actually want to build my own company after next 4-5 years. If I start working on that that's a separate discussion. If I am simply in working job, my running income would 40L+ after 5 years which be good enough to manage expenses in any city in India. If I can come out with 1cr. Of liquid assets after 5 years, I will top it up with my further savings and some loan to 1.5 cr. I invest that again in not so high-risk things. Assuming a 12-15% annualized return on that, I end up with 2.5 cr to 3cr at the age of 37 years. + +If I can manage 2.5 cr to 3cr at the age of 37 or 38, on an annual 10% return, I will have 30L in yearly incomes with assets intact on top of potential 60L-70L yearly income of my own. Totaling upto 90L-1crore with yearly earnings and 3crores+ in liquid assets after 10 years. + +I am not including my wife's income in these calculations at any point. + +Thoughts? +https://the-ken.com/story/journey-to-the-centre-of-easemytrip/ + +This is behind a paywall. But someone has posted a partial screenshot from the page - https://i.imgur.com/OyL5llP.png + +> Nishant Pitti claims his company is the third largest OTA in terms of airline tickets sold in 2018-19, selling over 20,000 tickets daily. But during weeks of extensive reporting for this story, *The Ken* was unable to ascertain any third-party numbers that backed up this claim. *The Ken* also spoke to officials and founders from three of India's largest OTAs. In a space where competitors study and replicate every decimal +percentage of their peers' revenue margins and business lines, none had a clue about EaseMyTrip's market share, business model or modus operandi. + +I think the IPO name is Easy Trip Planners which operates EaseMyTrip. + + +------------------------------------ + +**UPDATE:** More stuff from comments & other places + +**1)** https://www.sptulsian.com/f/ipo-analysis/easy-trip-planners + +> **Corporate Governance Red Flags** +> - Two founding promoters draw annual salary of Rs. 8 cr, plus Rs. 2 cr reimbursement expenses, making Rs.10 cr promoter salary, a very high number on Rs. 40 cr profit. +> - Independent Director and Chairman of Audit committee Mr. Maxy Francis Assis Fernandes resigned from the board on 18th Feb 2020, within 8 months of his appointment. Even the former CFO Mr. Abansi Kant Jha's tenure lasted less than 16 months, between 10th May 2019 to 31st Aug 2020. Company was without a CFO for 5 months before the IPO, between Sep 2020 to Jan 2021 and the current CFO was appointed only last month on 8th Feb 2021. Such senior level changes in the finance department raises many questions. +> - For a corporate which claims to be the 2nd largest OTA in India, audit report being emphasized for delay in payment of advance income tax and GST (in FY19 & FY20) is quite bizarre. + +**2)**https://www.capitalmind.in/2021/03/easy-trip-planners-ipo-review/ + +This unfortunately is behind a paywall, but apparently, they mention inconsistencies in its core earnings +Jewelers have schemes where you deposit a fixed amount of money with them every month for X months, and they give a certain interest on it. This interest rate is usually far higher than anything one could get with a bank. + +The major cons I see are: + +1. You are forced to buy jewellery from the same store and can't just cash out. This isn't an issue if you do plan on buying their jewellery. +2. You are more or less giving them an unsecured loan for the duration of the scheme. Is it a huge risk if you go for a reputed jeweler? (say Tanishq, for eg) + +The scheme I have in mind is from [Caratlane](https://www.caratlane.com/plan-of-purchase) where the XIRR is ~18% (annualized). Am I missing something or can I go for it? + +---- + +Edit: Additional context since it was not clear in the original text: I will not be buying gold just because I've deposited money with a jeweler. It's the other way around, I will be depositing money with a jeweler because I want to buy some gold over the next couple of years. This gold is 100% meant for consumption, and this is not an attempt at getting a few extra bps worth of returns. +Hi Guys - + +Posting from my alt account. + +First of all, I am not a MBA finance or have heavy experience in investing so if all of this sounds ridiculous, I wouldn't be surprised. I would love to hear your opinions + +**Base Assumptions** + +* I'm an idiot for the most part hence getting into day to day investment is not my forte. I'm more likely to fuck it up unless I devote a lot of time understanding investing. +* All the fluctuations will be normalized in the long-term and it's extremely difficult for me to time the market. I'm personally looking at 5 and 10 year horizons. +* Compounded value of anything is powerful! +* More money makes more money in absolute numbers (for the same % rate of return). If the principal amount invested is higher, then the money gained in absolute numbers will be higher. +* I am young and I can takes risks. My scale of investments should be well within my reach. +* Long term equity earnings remains untaxed until Government decides to fuck us all at the end! +* I am not adjusting for my salary increments and bonuses. +* I will be in the current job for next 2-3 years without any loss of job risks + +**Goals** + +* Health insurance for family (mother and parents) +* Life insurance for family +* Backup emergency capital for any immediate crises +* Have 1 crore in asset at the age of 32 years (roughly after 5 years for me) + +**Background and Current Situation** + +I live in India and around 26 years of age. It has been sometime working for me here and there. I have saved some money but eventually lost some money in startups both in terms of opportunity cost of leaving a job and investing in startup. But now for the next few years, I will work in a job. + +Right now, I have cash savings of 4 lakhs in my bank account, 5 lakhs in my PPF account, 3.5 lakhs in my PF account. + +I currently earn 30lpa. Out of this I can save 15lakhs annually in cash with 2.16 lakhs that keeps accumulating in my PF account yearly. The additionally money is 6 lakhs income tax and 7 lakhs for my living expenses annually. + +**Plan** + +* I intend to save for the next 6-7 months and accumulate around ~10L in cash savings of my own. +* I don't intend to touch my PPF and PF account. That remains roughly 10L that I can withdraw at any point. Of course, some time delay will be there in crises to withdraw it but hopefully I can manage the bridge. +* I plan to take personal loan of 25 lakhs in the next few months. One from SBI and Citibank wherein I have accounts. + * 10L from SBI (their. max limit) for 5 years. EMI: 23k + * 15L from Citibank for 3 years: EMI: 50k + +* Will repay SBI loan as quickly as possibly within the first 18 months or so. I want to get free from EMI liabilities and get free cash flow as my marriageable age will be near. Will save 5 lakhs thereafter for wedding expenses from my running income +* Will repay 2lakhs and 2lakhs after 1st year and 2nd year for my Citibank EMI to get it to ~40k & ~25k freeing up more cash for my wedding. +* Interest accumulated over this loan over the next few years @12% accordingly with some risks factored in, will be 5Lakhs. Hence for a loan of 25 lakhs, I shall be paying up 30Lakhs + +**Investment** + +Now that this math is clear, I have to invest 25L from personal loan and 10 lakhs from my next 4-5 months. That totals upto 35Lakhs + +* I don't plan to invest in property as I don't see that as the most beneficial investment vehicle. My money will be locked up with lot of hidden charges here and there. Not to mention the costs in maintenance. I am from middle class background and my parents insist of buying a home but for me, I want to buy a kickass home for living once and for all. If not then, I am happy renting good houses with investment returns and my running income for my life. As the cost of rent to property ratio is less, that is advantageous in renting +* Right now the inclination is towards decent risk but high return, small-mid cap equity mutual fund invested over 5/6 years. I am targeting base min. of 15% rate of return and if god remains with me, then hopefully 20-25% annualised. As I understand from the top performing funds (such as FT small cap, Reliance small cap, Black rock funds), this is not out of the whack. Worst case, I can tolerate negative rate of return. If say a year or two doesn't touch that good, then I can extend 5 year horizon to 6-7 years. + * 15% annualized over 5 years = 2x + * 18% annualized over 5 years = 2.25x + * 20% annualized over 5 years = 2.5x + * 25% annualized over 5 years = 3x +* That brings the overall investment assets from 35L to be 70L - 1.05Cr in mutual funds. I will also have 20L in PPF & PF savings. Will also have 10L-20L from my last two year savings (age 31 & age 32) +* Worst case my money doesn't grow shit. It merely grows to 50L from 35L. I would still have earned 50L - 40L = 10L (since I paid 30L for 25L loan and 10L of my own) +* Mutual fund also is liquid asset so in absolute worst and crises cases, I can pull out the money +* I have health insurance of my own from company of around 10L which includes my family as well. +* I will additionally take a health insurance of 20L which computes to 34k per month. With tax adjusted, that boils to 25k per annum = 2k per month. Should be fine. My parents are 54 years and 50 years +* My mom and dad have taken a life insurance policy so I don't have to worry about that bit. +* I have an ancestral land which I plan to sell. It will get me around 6-7 lakhs which I will invest for 20 years for my parents. By the age my parents turn up 70-75 years, I can get that to 70L to 1Cr. 10x return over 20 years is not out of the whack. They will have additional health insurance covered up from my running income. + +**Help Needed** + +* Please share your thoughts, criticism and any accounted risks that I might not have taken (loss of job shouldn't be there for the next 2 years for sure) +* I needed some leads on mutual investment and financial planners that can assist before investing a big amount (35L). Would be great if you can share +* If there is reasonable portfolio management company or advisor who doesn't reek of scam, it would be great to connect. +* I would love to hear about any potential investment vehicles apart from mutual funds and your experiences. Like I said I'm an idiot + +**Distant Ridiculous Dreamy Plans** + +I actually want to build my own company after next 4-5 years. If I start working on that that's a separate discussion. If I am simply in working job, my running income would 40L+ after 5 years which be good enough to manage expenses in any city in India. If I can come out with 1cr. Of liquid assets after 5 years, I will top it up with my further savings and some loan to 1.5 cr. I invest that again in not so high-risk things. Assuming a 12-15% annualized return on that, I end up with 2.5 cr to 3cr at the age of 37 years. + +If I can manage 2.5 cr to 3cr at the age of 37 or 38, on an annual 10% return, I will have 30L in yearly incomes with assets intact on top of potential 60L-70L yearly income of my own. Totaling upto 90L-1crore with yearly earnings and 3crores+ in liquid assets after 10 years. + +I am not including my wife's income in these calculations at any point. + +Thoughts? +In March, we have seen several Arbitrage Funds get affected and even stop fresh inflows in certain cases with futures trading at a discount to spot market prices and the spreads having narrowed. + +However theoretically, one cannot make losses in these funds, except only to the extent of the funds' expense ratios, in the worst-case scenario. This is because all positions are balanced out. + +With debt funds now facing liquidity crunch, I'm looking for constructive feedback on parking the short-medium duration funds in Arbitrage instead. +I have seen that Niyo provides 7% on savings account if the amount is above 1 Lakh. + +If anyone has used Niyo, can you explain what are the pros and cons you have faced with it. +Would appreciate if **F**inancially **I**ndependent **R**etired **E**arly folks here could answer the following questions: + +* At what age did you FIRE? + +* What is the life expectancy you planned for? + +* Your retirement fund was what multiple of the estimated average annual expense (in present value non-inflation-adjusted terms at the time) when you FIREd? + +* How much did you provision for old age healthcare and assisted living support? + +* If you own a house, where does it fit in your plan for twilight years? Do you intend to avail reverse mortgage income from it, or sell it and move into a retirement home, or just live in it till your EOL and bequeath the property to legal heir(s)? + +* What is the baseline post-tax real rate of return requirement from your retirement portfolio to sustain FIRE (those comfortable with negative rate should clarify their inflation benchmark in FD terms, e.g. X basis points above FD rate or Y times FD rate, etc.)? Accordingly, what is your target asset allocation? + +* If you now work on hobbies or projects which don't involve serious monetary compensation, how do you deal with people asking what you do for a living without letting them have any hint or ideas about your net worth? + +* What are some avoidable mistakes (if any) you made in the pre-FIRE phase and things you wish had known before you FIREd? + +*Edit (bonus questions on public request):* + +* What was your primary occupation / source of income before you retired? +My husband works in a big box hardware store doing order picking making $25k a year. I have a work-from-home job that allows me to watch our kids and bring in about $15k. + +We are making it work, but there are still struggle months and weeks when something comes up like a car repair bill. We have about $10k in debt. We have NOTHING saved for the future. No retirement savings. No college funds. No savings to buy a home instead of renting. Nothing at all. We make "too much" to qualify for assistance programs so everything we bring home each month goes to keeping the lights on, the roof over our heads and food in our bellies. + +Recently a new distribution center for another company opened up near us and they are *starting* their employees at $45k per year. The job is similar to what he is already doing but in a warehouse instead of a retail location. + +With my husband's work experience and references - he would be a shoe in. + +But he refuses to apply to the new company. His reasons are - it is a 10 minute longer commute, he doesn't know anyone there, it is in a town he is not familiar with. + +I'm just so upset about it. I've been crying all day. We could finally stop struggling and actually get ahead. + +I am so sick of struggling. I wish I never got married and had kids. + +I'd go apply there myself if I could. (But no car, breastfeeding and a physical disability prevents me from taking a job like this) + +We need more money and I don't know what to do anymore. + +Thanks. I needed to get that off my chest. +>We had anticipated dilution in our model, but with this raise, we now see the company as funded all the way through the commercialization of Mino-Lok. Given the strength of the balance sheet, we actually see lower corporate risk. Adding in the new shares, removing our projected future raises, and adjusting our risk from 30% to 15% but leaving our probability of success for MinoLok at 70%, and adjusting the commercial timing out to 2022 (from 2021) culminates in our price target actually adjusting higher from $6.00 to $8.00. + +[https://dawsonjames.com/wp-content/uploads/2021/02/CTXR.2.18.21.pdf](https://dawsonjames.com/wp-content/uploads/2021/02/CTXR.2.18.21.pdf) + +And we just hit a new 52-week high of 2.07 (2.42 if you account for the pre-market action this morning). +Let's say that you can't retire early, but you've completely stopped caring about meetings and management politics, and your goal is to sacrifice as little time and emotional energy as possible. + +I've learned the hard way that working too hard leads to conflict as gets you just as fired as you'd be if you had done nothing. So what about joining the useless 50-90 percent who do next to nothing and manage to stay employed for as long as they'd like? Spending that time building passive income streams seems like a better use of time than playing games on Facebook, no? + +This seems harder than it should be to make work. It's not as hard for most people, who just don't care. Most people are really good at the slacking game. I think that's because everyone knows they're mediocre, not much is expected of them but to show up for a couple meetings. But if you show promise in the first few months when you actually give a shit... before it becomes clear that the bosses see you as just a regular worker, not a protege, and that there's therefore no reason to actually work... and then become a zombie like everyone else (or, worse from the boss's perspective, start throwing your time behind your own projects)... it doesn't seem to end well. + +Has anyone here made the Retirement-In-Place strategy work, while building savings and using as much time as possible to work on one's own projects? What are the tricks, and what are the pitfalls? +Applying the blockchain to, for example, a payment service essentially **automates the role of the middleman**. If person A wants to securely send money to person B, he can rely on PayPal, that will carry out all the labor that's required to administrate and secure that payment, while in turn taking a fee. + +That **fee needs to cover PayPal's payroll, employee benefits, inventory, materials, supplies, overhead, operating expenses, taxes, and insurance, after which it can finally yield a profit**. Fortunately for PayPal, its competitors all need to account for those same costs, so any competitive advantage only comes from the margins and/or scale. + +But that same payment service, founded on a decentralized network like REQ, is free from those tremendous costs. The blockchain, not salaried employees, administrates and validates. **This is true efficiency**, and it is a COLOSSAL competitive advantage. That can't be overstated. + +With that said, how does PayPal compete alongside REQ (this is a simplified example)? I can't imagine a back-and-forth in market share between REQ and any payment service that's also not based on the blockchain. **REQ's competitive advantage would be too great**, so PayPal and the rest would either have to adapt or fold. + +I ask because there was a projection analysis on REQ posted the other day, which figured a 3% market share a number of years down the road. But if we truly understand why any blockchain-based application/service is not merely another competitor in the market, but rather **a total overhaul/upgrade of outdated business models brought forth by unprecedented network-driven efficiencies**, then how can we be so conservative? + Elon Musk, world’s richest person and the chief executive of Tesla Inc, donated Tesla shares worth $5.7 billion to a charity in November, securities filing with the US Securities and Exchange Commission showed. Musk donated a total of 5.04 million shares to an unnamed charity last year between November 19 and November 29. According to Bloomberg News, the $5.7 billion worth of charity, calculated by taking average prices of electric carmaker’s stock on the days he sold the stock, makes it one of the biggest in history. + + **Original Source** : [https://mosttraded.com/2022/02/15/elon-musk-donates-5-7-billion-tesla-stock-worlds-richest-person-makes-one-of-the-biggest-charity-in-history/](https://mosttraded.com/2022/02/15/elon-musk-donates-5-7-billion-tesla-stock-worlds-richest-person-makes-one-of-the-biggest-charity-in-history/) +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!** +I will go full u/rick_of_spades and 🍌☝️🍑 + +That’s right, butt stuff is back on the menu! I hope we see a steady climb all day tomorrow and go into the weekend with dangerously jacked tits. The hype in this place is going to be so loud, r/all will have to mute our sub from overtaking Reddit. + +$250, that’s it. We close above $250 and a banana is going up. !RemindMe if you must. +I work at a retail store in an expensive area and get many regular customers. A bunch of them have career jobs and good for them. I get regular customers who say passive aggressive things to indicate that they are rich and I am inferior for making way less money. + +One regular customer always tells me about what he does and he was talking to me last time and the conversation jumped to, "Well, I made my first million when I was 18! 18 and didn't need to work any retail places." + +I told him good for him and how some people are blessed because they have parents to back them up and tried to argue by saying he was just smarter and attended college and such. +Another customer who talks a lot told me how my coworkers are all grumpy when he is being friendly but he understands how we are all poor and we are dealing with a lot but gotta be positive. + +And generally I get many 'diva/IG influencers style,' female customers who look down on me and I have been asked how much I make per hour and nonsense. + +Sorry had to rant a bit! +The city is growing rapidly and rents are going up, although of course i'll need to negotiate a yearly get out clause. I'm mindful of the coming global recession and whether that will scupper plans. + + +Taxes seem pretty complex in Portugal, and there seems to be a 2e/guest/night additional tax. As a very rough outline of my current idea of the situation on rent. + + +Tourists come here year round with demand obviously lower in the winter. So rooms at 50% capacity through the winter topped up with events and conferences, and say 90% capacity through the summer 6 months. + + +I've rented large buildings out in the past in different countries, although nothing as big as a 30 person hostel. +Feel free to not upvote this, I just wanted to provide one anecdote as an investor in the Atlanta RE market. + +House is 1200-1300sqft, built in 2005, 3/2 with no garage, one of four identical houses all next to each other. The lot is 0.25acres and narrow, but a decent backyard. + +I bought a year ago for about $114,000, invested $70,000 into the reno. You can check my post history for photos. + +Listed Saturday morning (less than ideal, but weather caused a delay in our photos). By Sunday we had 4 showings and received a full priced offer at $280,000 but asking for some closing costs. + +Market still red hot and there is so little supply I honestly think I sold to early and should have waited for multiple offers. That said, we aren’t through the due diligence or appraisal period, so I’m not counting it as a done deal yet. + +I’m still learning, but this market is insane. No way I can find the same house in the same neighborhood for <$120k. I have already picked up my next flip, exciting times. +Does anyone from the US incest internationally? If so where, and why? Cash flow or appreciation? + +How difficult is it to get a property manager, tenants, etc? Thanks! +So I'm looking at trying to start out investing in a rural area in the mountains that is growing quickly as a vacation and retirement destination and would love any specific advice anyone could give. It's about a 35-mile radius that includes 2 popular casinos, 3 very popular whitewater rivers, and lots of other activities. Property costs can vary quite a bit, as some towns are more popular/nicer than others, and mountain/water properties are obviously more desirable, but nearly every non-developed acre is currently for sale (or at least it seems that way). + +Airbnb-type rentals are fetching $100+/night minimum after all the fees, and that's often for a small free standing trailer on some land that's only been graded for a dirt road and as many pads as they can reasonably fit, plus electricity, *maybe* running water, more often just a tank. There appears to be zero enforcement currently of any kind of zoning regarding rentals; essentially "your land, your business." + +LOTS of owner-financed listings. LOTS of lots available already inside developments (not generally interested unless a huge bargain). LOTS of 25+ acre plots for sale currently (almost certainly out of my range for now). + +I'm prepared for the physical practicalities of dealing with land that may, in some cases, be completely raw (grading, road access, clearing timber, water, electricity, etc) but am looking for advice on strategies, how to find under-the-radar properties in this kind of market, and people's stories of their own investments in this kind of area. Thanks! +Hello all, I'm looking for advice on how to manage my son's (16) inheritance. He will soon receive over 150K from his late grandfather. This money is to be held in trust until he is 21, and will be managed by my wife and myself. + +He may need to access some of this money in the short term to pay for things like driving lessons and personal holidays once he is 18. His further education costs are covered elsewhere and would not be taken from this amount. + +My wife and I, have very little financial knowledge and wonder what is best to maximise the return on his money; we don't want it sitting in a bank account making 1% interest. I understand stocks and shares generally give good returns, but it is a long game and he may want the money to put towards a property when he is 21. + +Any advice would be greatly received. +We have a house that has been in my husband's family since the 50s. I'd like to keep it that way, but my child lives far from it and no longer visits and I predict won't want to manage it. Our child lives a very, very minimalist lifestyle and there is almost no chance they will have children. It is used as a weekly rental through a management company, cash flows, and is a great hedge against inflation as it is in a very hot area. We have a nephew who may want to be more active. + +One option is not to worry about it and encourage them to sell it, but I think they may want to keep it for sentimental reasons. How can we make it easier? + +What are you planning with assets you don't think your kids will want to manage upon your death? I am dangerous in the lack of understanding I have on inheritance, is there a trust we can set up for its upkeep? +Is it just my imagination? I took a break from reddit for a year or two and back then I remember r/investing being more informative and mature. Now I feel like almost every thread contains a slight hint of r/wsb humor and tone. + +&#x200B; + +EDIT: become -> becoming. I was a bit tipsy when I typed this. +"Well, I got FUD'ed in June '21 because JPM told me to sell." + +You dare not turn around to face what you assume to be the immensely disappointed looks in your grandchildren's eyes. + +"But you at least must have kept some right?" + +"About that... you know in September '21... There was this real estate company in China that was going bankrupt. And the internet told me to sell." + +"You sold because of some Chinese FUDs? Grandpa!" + +"The redditors told me to sell because it's stupid to buy the dip! It'd dip lower, they said." + +Now the shame is so large your eyes are glued to the ground. + +"Well, at least the shitcoins I bought in 2048 will go up soon." You think, trying to convince yourself, not knowing that a weak hand is forever a weak hand. + +At least you still got that Ford Mustang 2020 from that crypto profits you took in 2021... though how the hell are you supposed to find that extra 0.00785 ETH for the repair? +Hi guys! +I’m a single parent to two children and am currently receiving Carers payments (both of my children have autism) as well as studying via TAFE online. I’ve managed to settle all of my debts and become debt free, have saved up about $5k and opened savings accounts for my children. I’ve been thinking of the future lately and what to do when I manage to finish my studies and get back into the work force. I’ve worked out a manageable budget and finally don’t have to wonder how I’m going to make ends meet for the first time in 3 years. + +I’m interested in learning as much as I can about possibly setting up a comfortable future for myself and my kids when I get back to work but have no idea where to begin. Do you have any tips or advice, book recommendations that can help me along with the whole financial world? I’m a complete newbie when it comes to buying, investing and saving etc. + +Edit: Thank you all so much for your kind words and support. Barefoot investor was actually what started me on my debt free journey and I've recommended it to my family and friends also. You've given me some awesome information, so thank you very much. Hope everyone has a good day :) +I wanted to post my experience over the last few months as a word of warning, or 2 cents, or however you want to take it. + +A few months ago I left my slow, dull but well paying job for a new, more challenging, faster pace job with a big pay raise and the ability to work mostly remote. I was hoping for the best and excited to see where it took me. + +Three months later (today) I'm sitting in the presidential suite of a nice hotel, free food and alcohol included, and I'm miserable. I'm miserable because I'm "remote", but not at home with my family. I'm miserable because I've worked three 70+ hour weeks and average 4-5 hours of sleep a night and see no clear end to any of it. I'm miserable because I have zero time for any of my hobbies anymore and it's an endless cycle of work I'm not even super excited about. I'm miserable because my daily workout routine went to twice weekly for the first time in 10 years and I feel gross cuz of it. + +I took 5 minutes last night and recalculated how much sooner I may be able to FI from this job. The numbers were not perfect cuz I didn't account for compounded interest, but from a straight savings perspective, I would only be shaving off a year from my target date. + +All this crap, for around one less year... not worth it at all. + +I've been in this job for 3 months and I'm already burnt out. I plan to quit after I close out my project and possibly if I can hold out for a bonus at the end of the year. Then I think I need to take a few months off. It isn't going to help my FI numbers, but all this work is not worth just one less year later on. + +So my advice, don't just take a job because it promises more money and flashier things. It is not always what you expected and can end up setting you back more than helping you. +Her car is $291/mo payment, my vehicle is right on value with a $240/mo payment. We have two little ones in car seats and we don't all fit in her car and barely into mine. We are wanting to upgrade and are ok with only one vehicle. I make $52k a year (if that matters). What are some options I have? +I just found out that my aunts boyfriend has left her 275,000 dollars after his death! She is legitimately one of the most unintelligent persons I know and could possibly blow this very amazing opportunity to live the rest of her life (70 yo) in more comfort than she has ever experienced. She doesn't know what the word debt means and this is not an understatement. She self admittedly is terrified to mess this up and has asked my mom, who literally is the only person in her life she trusts not to just pull the plug for the money, not even her own children can she say this about, to help her figure out what to do with this money. + +At this point, it seems like the simplest thing for her to do is to add my mom to her bank account and hopefully, if she ever needed care, my mom would be able to access her money to help. + +I know there is some strategy that will allow my aunt to live a much better life and to also have some left over to perhaps send her grandkids to college. What are her options? +Hey there, so my husband and I have been trying to crack down on our spending - particularly in the food & drink category. We save enough just by buying groceries rather than dining out (although if need be we can tweak our grocery spending to make it even more affordable - which may come in handy if/when I get pregnant) but the problem is staying motivated to eat all meals and our morning coffee at home. + +On Sunday I decided to invest in a programmable coffee maker for $20. Previously we would be buying coffee at Dunkin or Cumberland farms (so anywhere from $1-$3.50 per coffee) 3-4 times a week, meaning the coffeemaker will be paying for itself within 2 weeks IF WE USE IT EVERY DAY. I started keeping track of "days without buying coffee" on our whiteboard and also a column for "days without dining out" (meaning not buying food for takeout, no fast food or gas station food either) and its going to be fun to watch those tick marks add up. + +HOWEVER both of us, my husband especially, are very reward-oriented when it comes to meeting our goals. I can be intrinsically satisfied with the concept of meeting said goal, but hubby generally needs some sort of reward when the goal is met. So I'm looking for advice - what are cheap or free 'rewards' we can implement for, say for example - 2 weeks without buying coffee, a month without dining out, etc etc. I would be comfortable spending $10 or less on a reward for going a month without spending at restaurants, but I don't want it to be spent in a way that will encourage bad habits. + +Sorry in advance if this is kind of a weird request. Mentally I have all the tools for budgeting/saving money its just getting my husband on board and making it fun/motivating for us both that's my issue haha +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 know posts like this risk coming across as arrogant so let me start by saying at 40 I certainly don't know everything about investing and I'm sure some things I think I have learned are actually wrong (and if they are wrong in my list please correct them in comments). I'll probably be writing a post when I am 60 about the things I wish I new at 40 . That said I feel like I have learned a lot and made a lot of mistakes earlier I wish I could go back and redo..so here is a list in case people find that sort of thing useful. So here is a list of them. + +**#1 You actually have to select an investment in your 401k.** + +May as well start with the most embarrassing. I cannot tell you for how many years my initial 401k contributions sat in a settlement account because I didn't understand that past just electing to contribute I had to actually select an investment and my employer at the time did not give me any indication that was a step I should be considering. Make sure the money in your 401k is actually invested in something. + +**#2 Tax refunds aren't actually good.** + +Tax refunds aren't the government deciding that you deserve more money due to some policy change and thus giving you a stimulus of some kind. Tax refunds are just you filling out your W4 poorly and paying too much in taxes throughout the year so then at the end you get it back without interest. + +**#3 Roth IRAs not only grow tax free but you can withdraw the principle at anytime without penalty** + +When I was in my 20s I put a minor amount into retirement funds figuring I wanted to keep my funds accessible so I could purchase assets. So I put into 401k only enough for match and the rest I put into an after-tax brokerage. I didn't even consider a Roth IRA because I just assumed it was a retirement account so I couldn't access it until retirement so I put nothing into Roth IRA. + +**#4 Roth IRAs, what tax-free growth actually means** + +When I was younger obviously was making less and therefore arguably should have been putting into a Roth instead of traditional. But I put into traditional instead because I didn't really understand Roth but I got the idea that if I put into traditional I got to put more in because it was pre-tax. Now I realize that the tax shelter of pretax when I wasn't making that much was not nearly worth the amount of tax free growth I would have gotten investing early into a Roth. + +**#5 Just because you read in a book on investment that 60-40 is a good balance of risk vs reward does not mean you should be in a 60-40 fund at 20.** + +My first investment in a brokerage and the one I stuck with throughout my 20s and 30s was a 60-40 balanced fund that was 40% in bonds. That meant it handed 2008 like a champ which was good but unfortunately also meant that the growth was anemic after and I really missed out on the 2009-2021 growth. I didn't need that risk avoidance in 2008, would have been fine if it had dropped 2x more as I wasn't using the money. Just to give an idea right now that fund has only dropped 0.71% YTD relative to my growth index which has dropped 14%. + +**#6 Dividends aren't profits, they are distributions that reduce the stock price and outside of retirement funds are taxed and limit the growth potential** + +I liked that my 60-40 fund had a good yield thinking that was added money I was getting to reinvest and get more shares. Didn't get the concept that that was just coming out of the value of the shares, adding to my AGI and tax burden and in the case of company dividends lowering the growth potential resulting in a lower total return. + +**#7 Managed funds don't typically outperform index funds** + +The fund I had in my brokerage and retirement accounts were managed funds. I selected them based on how at the time they were overperforming for their asset class (but of course that didn't stay true). The expense ratio wasn't crazy, I had paid attention to that, it was 0.54%...but it was higher than it needed to be. Also I hadn't realized that in being managed stocks were bought and sold within the fund typically resulting in significant capital gain distributions which led to my #8 + +**#8 Capital gains and dividends outside of retirement accounts affect AGI and get to be a problem** + +As I mentioned one mistake I made was putting most of my savings into a brokerage rather than retirement and then not really using that money other than as an investment. The result of this is I ended up with 10x more in a brokerage than in retirement. The result of that was eventually significant dividend and capital gains distributions (the fund I was in was actively managed, Ill get to that later). It has gotten to the point where last year I got $50k added to my AGI because of this preventing me from doing any Roth contributions. + +**#9 If you rollover a 401k into a traditional IRA outside of a 401k it will make backdoor Roth no longer viable** + +This probably more for the 30s into 40s crowd than 20s but yeah. I had an early trad 401k that was starting to accrue some fees and I wanted to move it out. My new employer had crap 401k options with high expense ratios and although I was still contributing into it for the tax benefit I didn't want to rollover a bunch into that. So I rolled over into a brokerage Trad IRA. Did not realize at the time that what that meant is if I then tried to backdoor a Roth because I could no longer contribute to Roth due to AGI that when I put 6k into a trad IRA to rollover to Roth it would look at my TOTAL IRA funds including the ones that were growing pre-tax for a while and it would take out of the total, resulting in significant taxes and losses due to pro-rata rule. + +**Conclusion** + +So looking at my portfolio now I have a lot more in an after tax brokerage than I do in retirement. Basically 98% of my retirement is in pre-tax traditional with basically nothing in Roth. My Trad IRA holdings outside my 401k prevent me from backdoor Roth and my 401k doesn't accept after tax contributions so I can't do a mega-backdoor either. Most of my money is in brokerage not in retirement accounts and is still largely in managed funds because I don't want to yank it all and pay the capital gains. Now I am putting into index funds but because most is in managed fund with higher yield I still get significant distributions that exacerbate my AGI and make me that much further from being able to Roth contribute. + +If I could go back to 20 I would have put some money into either savings or a brokerage to have some money on hand but I would have put the majority into retirement. I would have started out in retirement 100% into Roth and not any into traditional not changing to traditional until much later. I would have maxed 401k contributions much earlier. I would have invested in primarily growth equity index funds maybe reallocating a bit to more core/value in my 40s but even now not all the way to 60-40. Doing all of that I would have significantly more in the tax-free bucket for retirement, I would have a lot more money overall in general, I would probably still be able to contribute to Roth either directly because not getting Cap gains/dividends added to AGI or if not would have at least been able to backdoor it in. Oh well, lessons learned now...just passing them along to the earlier crowd to maybe learn from my mistakes. +What the hell are you guys doing with all this dumb conspiracy and team trading shit? + +The world isn't against you, you're just a garbage trader. You lost money because you fucking suck, not because of crime or manipulation. + +Anyone trying to get you to buy into shit and hold forever is just trying to dump on you. No one gives a fuck about you, they just want you to pump their bags. This isn't a team sport. + +Shut the fuck up about "owning the hedgies" while you exercise OTM options putting money in their pockets. It's possibly the dumbest thing you can do yet you keep advocating it. What the hell, at least take 3 seconds to learn about what you're doing with your Walmart paycheck. + +Also, no one fucking cares about your fucking 3 shares worth less than $100 total. Take some fucking risk and buy some options or shut the hell up. You stand to make less money than a fucking sandwich costs. A better risk/reward trade would be skipping lunch. + +This is the god damn stock market, if someone can take your money, they will. Stop being such easy marks. + +TL;DR: Apes get slaughtered, regards make money. Stop being apes, start being regarded. +Relatively new to the dividend investing community but I’ve read about CEF and have some exposure to one (PDI) in a taxable brokerage account. Primarily have SCHD and DGRO but was drawn to CEFs due to monthly payouts and overall yield. I don’t see CEF talked about all that often on here, what am I missing? +I am curious: is someone living from dividends? Or at least managed to reduce full-time job to part time, because if dividend income? + +So far I‘ve been investing mostly in long-term stocks with no dividends, but the idea of continuous cash flow keeps me awake. + +However, I calculated that in order to get approx. $60k/year from dividends (my current salary), one has to buy stocks with a total value of around $1.3 million. + +I doubt that anybody here has this amount, but you never know.. + +So yes, do you have experience with dividend-lifestyle? + +Thanks. +Asked for guide prices for several properties. Quoted prices are still pretty high. But I guess there won’t be any forced sales given all the help from government. Thoughts? +I'm debating if I should reevaluate my strategy. I'm running csp for indices (spy, xl*, qqq, etc) and aapl since it's like 25% of xlk. it's been doing fine but the thought of not capturing the up side bothers me. + +csp - +upside: great use of capital. you're holding contracts only so you don't have to worry about things like distribution and tax complications. easy to adjust up or down. +downside: for the underlying run up, cap underperform due to delta. even when adjust up you won't be getting close to the full value of the upside + +CC - +upside: underlying is always 100 delta, so captured full cap gain. have the benefit of div or distribution. can use CC premium to DCA into underlying for more gains. NORMALLY speaking, market run up is slower than the drop so adjusting CC should be easier. +downside: capital intensive. you can't do CC if you dont have at least 100 shares of the underlying. no way to adjust if underlying tanks thus risk of becoming bagholder. risk of selling calls too close to strike, thus get call; or sell too far, thus getting pennies for the effort. + +PMCC - +upside: great use of capital IF buying closer to strike. no need to worry about div or distribution. can outperform CC if underlying raises due to the long call contract vs stock. easiest to diversify of the 3 due to how inexpensive it is to start new position, relatively speaking. +downside: pay to play. either the underlying has to raise in value or you have to make significant premium over long term to justify spending the capital on the first long call. delta selection is critical for the long as if the call is too close to strike and the underlying tanks, this turns to a bagholder; or, if buying too high delta, this is tying up too much capital, so might as well do CC + +strangle, straddle, IC, spread - +been there done that. good on paper and hard to execute, so skipping for this discussion. + +what are your thoughts, suggestions, counterpoints? let's hear it +I have currently 5k in my trading account. What are some of y’alls favorite low cost stocks to run the wheel on. Currently I have been selling puts on BBBY for the high premiums (not this week). I have also been looking at starting the wheel on F. +So Tastyworks recommends choosing trades with 30-45 dte to minimize gamma risk, take profit at 50% and close trades 21 days or less to expiry if Tp is not hit. But if I enter a trade with 30 dte, this gives me only 9 days to reach the 50% profit which is very challenging. What am I missing? Inputs please. +**Already has a use-case with its own app & marketplace launching in May!** 🚀🚀 + +ROADMAP: + +MARCH: + +* Official pre-sale launch! (25/03) UPDATE: (SOLD OUT IN 10 SECONDS!) +* CMC / CG listing awaiting approval +* Already has an active & fun community on Discord! + +APRIL: + +* Aiming for first exchange listings to start in April! +* Partnerships +* Platform MVP! +* First NFTs will be released +* Official Audits should be completed by this point. + +MAY: + +* App Deployment +* Official Marketplace Launch +* On top of this there is always on going development, the dev is very active in the community & keen to keep everyone updated. + +TOKENOMICS: + +ORIGINAL SUPPLY - 100,000,000,000,000 +TOTAL TAX ON EACH SWAP - 4% : -> 2% added to LP -> 2% redistributed to holders ! +Proof of locked tokens : [https://dxsale.app/app/pages/dxlockview?id=1&add=0x9135393363DD2Cc52B5A90d01c6e853a5D2d4B4D&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x9135393363DD2Cc52B5A90d01c6e853a5D2d4B4D&type=tokenlock&chain=BSC) + +PRESALES GOAL WAS TO ELIMINATE WHALES + +MORE INFO: + +Contract ID: + +0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975 + +Buy: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975) + +Charts: + +[https://poocoin.app/tokens/0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975](https://poocoin.app/tokens/0x40B165Fd5dDc75ad0bDDc9ADd0adAbff5431a975) + +Other links! + +Website: + +[https://memetoken.xyz/](https://memetoken.xyz/) + +Telegram: + +[https://t.me/joinchat/X77U73LK2kI2YmI0](https://t.me/joinchat/X77U73LK2kI2YmI0) + +Twitter: + +[https://twitter.com/MemestokenO](https://twitter.com/MemestokenO) + +Reddit: + +[https://www.reddit.com/r/MemestokenOfficial/](https://www.reddit.com/r/MemestokenOfficial/) + +Discord: + +[https://discord.gg/qAHptHhZtJ](https://discord.gg/qAHptHhZtJ) + +***Please note this is not financial advice this is merely a "hey look at this!" please do your DD!*** +Original post: https://old.reddit.com/r/personalfinance/comments/c4fr1c/checked_credit_report_and_noticed_a_collections/ + +So I was a bit worried about this issue and I received some good advice about what to do, however, it ended up being a pretty easy fix. I filed a dispute with TransUnion and Experian, Equifax didn’t report the account, so I had nothing to file, I’ll check back when my report is updated with them next month. While I was filing with Experian, I decided to give them a call, they told me to call the original creditor to find out if it was a discrepancy with the filing or if it were fraud. Rural/Metro of San Diego couldn’t find any history of the account and directed me to call the collections agency, something I was a bit apprehensive about doing, but I went through with that, and I am glad I did. I called and told them my predicament and how I had no knowledge of the account that they have in my name in collections, the lady at the agency told me everything about the original account, an ambulance picked up someone with my same name at a street in San Diego and dropped them off at a nearby hospital on 10/30/2018. I informed her that I have a time stamp from work on 10/30/2018 and that it couldn’t have been me. She then asked me my birthday, and that’s where we found the discrepancy. Same name, but different birthdays and somehow the account was put in my name. The agent placed the account in dispute, I sent them a copy of my ID to provide my date of birth, two days later, Experian resolves the dispute, and TransUnion was resolved this morning. The account was deleted from both reports. +I just want to share my personal opinion. + +We all know the common arguments against owning Chinese stocks, which are questionable VIE structure, questionable accounting, questionable auditing and also being dependent on policies of the CCP like the recent interventions against the education sector and gaming sector. That doesn't stop many from investing in Chinese stocks, saying it will be all right and that some of their stocks appear to be very undervalued (to which I agree). + +However another risk which becomes obvious now is Chinas aggression against it's neighbors, in particular Taiwan. China isn't making a secret out of it, that they plan to invade Taiwan at some point in the future and they do not accept Taiwan as an independent nation as it currently is. + +We can only hope that it never happens, but if it happens (And at least for me I think it's somewhat likely in the long-term), you can be sure that China will receive the same sanctions as Russia right now and China will also fight back with similar methods. In such a case the Chinese stock market and the yuan will be likely crashing like in Russia right now. But even more importantly, you can be almost sure, that you will not be able to sell your BABA ADRs no matter how good the fundamentals are. It appears to be likely that China would ban foreign access to Chinese capital markets and the VIA structures would suddenly become illegal. Chinese stocks will have for any non Chinese citizen a value of $0. + +Considering such a situation, it appears to be not smart to own large amounts of Chinese stocks. And anyone who still decides to own them should take the risk of such a scenario into account. +Good morning, + +Yesterday was choppy, with some stocks ripping up whilst others were very bearish. OCGN made some excellent moves so well done if you got in on that one. Here is my watchlist for today: + +1. **$CHCI (Comstock Homebuilding) -** This is our leading gapper right now with a nice low float (4.4m), decent price and high relative volume, but with seemingly no catalyst that I can identify. We've been beneath the VWAP for a while, but a recent break above has seen a huge increase in volume so this will likely be hot today. It's a little extended right now so I'm looking for a pullback and a reasonable setup before making an entry. +2. **$HTBX (Heat Biologics) -** HTBX has squeezed up nicely pre-market and is consolidating a little, but a break up past $19 is what I'll be looking for. +3. **$KALV (KalVista Pharmaceuticals)** \- Catalyst here is the announcement of positive data from a clinical trial. There has been a huge selloff already with this stock, so it may prove worthless. However, as the second-leader gapper this morning, currently pushing up to the VWAP I'll be watching for another squeeze. + +Other stocks I'll be watching: AUVI + +As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless. + +Have a good day. + +\-Rep +Im 18 and have 5k saved up from working, I have no need to spend money on bills or anything as I live with my mom and college wont be extremely expensive due to scholarships etc, I have never day traded I've simply watched some videos and am willing to work for hours if needed but I was looking for any type of way for me to begin, which videos are actually good and how should I begin trading? +This seems to happen to me month after month. And I'm not talking about tiny wins, the wins are small but decent, it's the losses that are ginormous. + +I realize that most of this is mistakes on my part by entering into and staying in wrong trades. But even if I get the trade and direction correct, a black swan event always seems to happen putting me back at square one. Am I cursed? +In a response to yesterday's [alarming thread](https://old.reddit.com/r/financialindependence/comments/i8r8ay/how_much_would_heath_insurance_cost_in_the_us_in/ ) regarding potential healthcare costs in early retirement, I thought I'd try to make a few points that might help alleviate some concerns. Don't get me wrong, healthcare is broken in this country, but until new policies are deployed (whatever they may be), we have to play by the current set of rules. I hope to outline some information and strategies for health insurance for those of us attempting to bridge the gap between the termination of full time employment and Medicare. So of course the following is all subject to change with new legislation. + +&nbsp; + +**Federal Poverty Level, Subsidy Range, Caps and Cost for 2nd Lowest Tier Silver Plan, 2020** + +FPL % | Income Range | Premium Max % | $ Per Year | $ Per Month +:--|:--:|:--:|:--:|--: +<100% | <$25,750 | No Cap | - | - +100-133% | $25,750-$34,248 | 2.06% | $530.45-$705.51 | $44.20-$58.79 +134-150% | $34,248-$38,625 | 3.09%-4.12% | $1,058.26-$1,591.35 | $88.19-$132.61 +151-200% | $38,625-$51,500 | 4.12%-6.49% | $1,591.35-$3,342.35 | $132.61-$278.53 +201-250% | $51,500-64,375 | 6.49%-8.29% | $3,342.35-$5,336.69 | $278.53-$444.72 +251-300% | $64,375-$77,250 | 8.29%-9.78% | $5,336.69-$7,555.05 | $444.72-$629.59 +301-400% | $77,250-$103,000 | 9.78% | $7,555.05-$10,073.40 | $629.59-$839.45 +>400% | >$103,000 | No Cap | A lot | A lot + +Source: https://www.kff.org/health-reform/issue-brief/explaining-health-care-reform-questions-about-health/ + +&nbsp; + +Here is a table depicting expected subsidies and costs for a family of four (two adults <65, two children <21, non-smoking) using 2020 numbers. I'll try to point a few things out. Generally speaking, under an income of less than <100% of the Federal Poverty Level (FPL) will qualify you and your family for Medicaid. **EDIT: For states that expanded Medicaid, you may qualify until 138% FPL. In non-expansion states there is a coverage-gap between 100-138%, where you would not qualify for either Medicaid or ACA.** Between 100-200% of the FPL, I would generally consider these monthly premiums to be 'affordable'. +&nbsp; + +From 201-400%, you can see the costs rise dramatically, until at which point you cease to qualify for a subsidy. For example, a family of four, parents aged 40, children age 8 and 10, will pay $839 per month ($10,073/yr) if their income is $103,000. If their income is $103,001, they will pay **$1,473 per month ($17,676), an increase of 75.5%.** Due to this fact, the rest of the discussion will be aimed at families with incomes between 100-400% FPL. + +&nbsp; + +**The major point of this post I want to make is, for our purposes in early retirement, income does not equal spending/withdrawal rates**. Generally speaking, you will have a higher, in some cases, much higher spending limit while still keeping your “income” within these ranges. For the calculations here, the federal government uses Modified Adjusted Gross Income (MAGI). Going through the details of what is included in your MAGI is beyond the scope of this post. Generally speaking, its pretty close to your Adjusted Gross Income (AGI), with most deductions added back in. Your AGI is your gross income minus “above the line” deductions (401k/tIRA, HSA, student loan interest, alimony, etc). + +&nbsp; + +So for most working people (W-2 Income, few deductions) the above ranges are fairly good approximates of what they would be spending on healthcare if they were to purchase ACA coverage on the exchange. Since we will no longer have a work income, the vast majority of our income will be from **dividends, interest and long-term capital gains**. + +&nbsp; + +However, these numbers change dramatically when we're talking about FIRE. The biggest thing to keep in mind is **return of principle is not taxable**. Most of us here will not only have tax-deferred accounts (401k, IRA, HSA, etc), but a large brokerage account. In many cases this brokerage account will be larger than the tax-deferred accounts combined, especially in cases of early high income, RSU's, IPO's, inheritance, sale of business, sale of appreciated property, etc. Many of us will use this taxable money to fund our early retirement until we reach 59 ½, at which point we will be able to tap retirement accounts, and in 2.5-11 years after that, collect Social Security. + +&nbsp; + +Due to the generally short accrual period for FIRE'ies, the brokerage/taxable account will be largely made up of principle and not capital gains. Totally back-of-the envelope, out-of-my-ass calculations would put the breakdown for a large portion of people at 40-70% principle (thereby 30-60% being capital gains). + +&nbsp; + +To illustrate this point, here is an example: + +&nbsp; + +**Jack and Jill, Bobby and Sue** + + - Ages 45, 45, 15 and 13 + - Retired, net worth $3million, paid off home + - 67% stocks in taxable accounts, 33% bonds/cash in retirement accounts + - $2million in taxable accounts, $1million across various retirement accounts + - The $2million taxable is 60% principle, 40% long-term capital gains (LTCG) + - Desired withdrawal rate 3.5%, or $105,000/yr ($8,750/mo) +&nbsp; + +At face value, it looks like they will be $2,000 over the 400% FPL limit, and will be paying out the nose for health insurance, but not so fast. Let's see where their $105,000 “income” comes from. They elect to fund their first 15 years of retirement solely from their taxable account of $2million. This will hopefully last them until age 59 ½ when they can begin withdrawing from other accounts. + +&nbsp; + +The $2m in stocks will throw off $50,000 in dividends at a 2.5% yield (vast majority qualified if holding US stock) +They then choose to sell $55,000 using average cost basis (not optimal) to make up the remaining of their spending requirement. That $55,000 is made up of $33,000 principle and $22,000 LTCG. So their final spend of $105,000 is actually only $72,000 taxable income. +&nbsp; + +So instead of being 408% of FPL, they are actually at 280%, meaning their monthly costs would be $550 ($6,602/yr). To quote Anatoly Dyatlov... “not great, not terrible”. However, if they in fact had a MAGI of $105,000, they would be paying $1,618 per month ($19,412/yr), missing out on their $1,067/mo subsidy ($12,631/yr). This is a comparative savings of 66%. +&nbsp; + +As an aside, they are also under the $80,250 cutoff for the 12% federal income tax bracket (MFJ), without even accounting for the hefty $24,800 standard deduction (2020). This means their dividends and capital gains will be taxed at 0%, under current tax law (state taxes not withstanding). Most of us will be paying very little if any in federal income tax, and of course, no more pay roll taxes. This couple will be able to spend very close to the $105,000 they wish to withdraw. + +&nbsp; + +**Further Strategies** + + - Utilizing either Specific Identification (SpecID) or Highest in, first out (HIFO) when selling appreciated shares to further decrease capital gains owed (increases proportion of principle utilized for spend) + + - Save a cash buffer of 1-3 years expenses in the few years before retirement to draw from as tax free “income” + + - Invest in growth oriented funds (e.g. VIGAX) to decrease dividends and give more control over tax events + + - Not investing in interest producing investments in tax-able accounts. Using i-Bonds if you need to use taxable space for fixed income + + - Tax-gain harvesting (selling when funds are high) during years of low income while working to increase their cost-basis + + - Tapping Roth IRA and 401k accounts after 59 ½ to supplement taxable accounts as a source of tax free income + +&nbsp; + +**Other Healthcare Strategies** + + - Stay as healthy as you can. Maintain a healthy weight, do cardio and resistance training regularly, eat well. If you have a preexisting condition, work with your providers to best manage your condition, do your own research + + - Seeking part time private employment that provides healthcare + + - As mentioned in the other thread, working part time as a government employee (e.g. National Guard) + + - Taking advantage of dual citizenship if you have it + + - Retiring abroad to a country with more favorable healthcare systems (some options in EU, albeit expensive) + + - If no other options, continue full time employment until you are more easily able to bridge the gap to Medicare + + +&nbsp; + +**TL;DR: Healthcare in the US sucks, but there are tactics you can employ to make it more affordable** + +&nbsp; + +**Helpful Links:** + +[Health Insurance Marketplace Calculator](https://www.kff.org/interactive/subsidy-calculator/) + +[RootofGood Article on the subject, 2015](https://rootofgood.com/affordable-care-act-subsidy/ ) + +[H&R Block Income/Tax Calculator](https://www.hrblock.com/tax-calculator/ ) +[Link to the article](https://theprint.in/opinion/like-it-or-not-future-of-indian-economy-will-have-to-be-built-on-services-not-manufacturing/590613/) + +The article is an opinion piece, but I was really peeved on reading it. It basically predicts our manufacturing sector will in-time go back to 1980s style insulated one. With services being the bulk of exports, economic growth. + +This would in-turn lead to a much quicker and deeper wealth inequality issue. Which will presumably have to be fixed by taxing the 'rich' white collar workers. + +As I think most of us here qualify in the 'rich' white collar worker box, what do you think of this. +Why are most of the Indian airline companies posting losses year after year and some even are on the verge of closing, from gov't owned Air India to privately owned Vistara every airline companies are in loss. Is this a global phenomena? +Assuming factual authenticity of this article. + +There are so many layers to a structured debt offering - very difficult to track. + +Forget retail investors, we doubt if fund managers or even ratings agencies are capable of adequately capturing risks associated with changes in debt covenants. + +[https://www.bloombergquint.com/global-economics/lessons-from-il-fs-group-bankruptcy-go-unheeded-in-india#gs.kAZcmSE](https://www.bloombergquint.com/global-economics/lessons-from-il-fs-group-bankruptcy-go-unheeded-in-india#gs.kAZcmSE) + +What are your thoughts? +Came into a small fortune through shorting the recent dip, I am 22 years old with a little over a million in cash all my taxes and debts paid, my family and friends have no idea, what would you do ? +Hi, My name is Dylan. I am a 17 year old senior in highschool and i want to go to college for Music Performance/Music Education. Let me give you some background. + +I live with my 61 year old, divorcee dad is a small trailer in Rural Illinois where I am not elligible for any jobs except fast food, but the only one we have is Mcdonalds, which I quit from 6 months back because of verbal abuse from the manager. +We are extremely poor, and the only way I make money is by doing hard labor for older friends who own property, and hauling iron, recycling soda cans and whatnot. I barely get by paying for internet and my car. + +I have been a singer/performer all my life, and have been approached by colleges this year wanting me to go. Western Illinois University and ICU. I have received multiple awards in the music field in my highschool and went to State for the choir program. I'm usually known around town for my music.o + +I have no clue what i'm doing. My GPA is a 3.0 and my ACT Score was a 28 so i'm an *okay* student, but i've still gotten scholarship offers but none of them come close to covering the tuition of either school that has approached me. I've considered taking 2 years at a closer community college, and then transferring but I don't know if I can even cover the costs of that. If anyone has some sort of advice, telling me how I should prepare or if college is even an option for me, please tell me what you think. + +EDIT: Thank you all for your opinions and advice. I'm looking into Computer Science at a community college right now. + +EDIT #2: I cannot express my gratitude for the dozens of messages and the many comments i've received trying to help out. I'm sorry to all the military guys here, but I cannot go into it. I have a girlfriend and a dad who is getting old and needs me here, I can't be away at basic for ~3 months leaving them behind. + +It really means so much that you guys are giving me this advice, I feel like I have a good grip on what i want to try to do now. Thank you so so much everyone. From the bottom of my heart <3 +I'll try to keep it brief. + +I'm 20, live at home, and attend a community college(1yr left, then 2yrs at flagship school that is same distance). I commute 45 minutes a day and have a reliable car I own worth 6k on KBB. + +I work part time and have some side hustles that reliably pull in a total of 35k post tax. I put 5% of my W2 in a matched 401k. + +Tuition is taken care of by grandparents, scholarship, and crypto, in that order. + +I have $30k in the bank and $12k in acorns. + +My credit is good with my current scores hovering around 725. + +I have 5 credit cards in my name with 30k limit + a charge card accross the 5. + +Im also an AU on two 10yr+ cards with high limits and i have a 8 month old Self loan. + + +Here's my plan. Houses in my area (northern Midwest) are 75-150k for something livable. I will aim for something as cheap as possible, which will probably end up being 80-115k. + +My down payment can be most of my cash and I'll sell the Acorns account (very little cap gains) to cover closing and any other costs I may run into. I'll still be making close to 3k a month with less than $750 a month cost of living until then so I'll have more cushion. + +Why do I want to do this? Because I don't want to live at home any more. My family is fine, but two decades is enough. I also hate the idea of renting which is what my parents suggest whenever I mention my plan. + +So I guess either tell me I'm a dumbass or make some suggestions please? I have been saving a long time and feel like I should do this before things get worse. + + +**Edit To Add** + +Yall are awesome. The input has been amazing, but I'm still on the fence! For every person saying I'll regret there is anther telling me to jump at this chance. This is why I'm so torn.. Save mee! +So I currently have £1500 in a savings account (saving to pay of loans and a deposit) but I was recently told by a friend that this is a waste as that money is just sitting there not really gaining anything , what’s your guys opinion is on this. +I just started trading live last week and I have a 77% win rate at the moment. I would like to increase my profits per trade, reduce my number of trades because my goal it to make between 1-10% of the account per day (I'm averaging between 3% and 5%). I'm playing it safe as I learn because it's only my live second week (I trade a demo account to practice and test out trades and to ride out the emotions of trading). + +My question is when do you think is a good time to scale up the lot sizes? I'm seeing people suggest I should be trading larger sizes than I am to hit my targets and goals for this account. On the other hand I know with the leverage I don't have as much room to fail as I do trading smaller lots. + +My goal is to use this as an income stream so I can stay home with my daughter and keep up with inflation 🤣TIA +You all have heard it before: "people's expectations are too high when starting forex" and its true. So what should a consistent profitable strategy aim for when backtested? 50% monthly? 100% annually? + + +And when is it not worth it? 5% monthly? 20% annually? +Hi /r/forex, + +It may seems like the normal post asking for some type of strategy...etc. + +But it´s not. + +I´ve been studying, testing, searching and backtesting for 6 months now. I started my way into trading with Stocks, got introduced by a friend working for IG, and introduced myself into this world with "How to daytrade for a living" by Andrew Aziz, didn´t like how it looked and after a month of researching, Options market got my attention, but after hours of podcasts, charts and books, I understood that the capital to be able to start a journey there was more than I was able to afford. + +Since I work in a 9 to 5 job, Forex got my attention, first because of the schedule of the markets and then also because I could easily start whenever I felt ready to trade with my own money (Spoiler : Still didn´t do that, and there is still a long way to go until I do it). + +I´ve been spending 4 hours daily in front of the PC studying and trying to understand the market, what will fit myself and my personality best in terms of strategies, risk management and overall style of how to face this journey. + +After a while, I realized that I may need someone to guide me, not a mentor, not a signal provider not a guru, just someone that I can chat with and ask doubts about everything related with this world, someone that is down to show me if I´m doing things right or wrong. + +I don´t ask for your strategy or nothing related to it, I would love to get someone with who I can speak on a normal basis about my ideas and what he/she thinks about them. + +I´m still on my way to find my way, but my parents tought me smth, whenever you do something either do it or don´t it. Not middle terms, not half effort. + +And I´m decided to take it all the way trough, don´t know where I will get, but I´m sure that it won´t be for the lack of effort and passion. + +&#x200B; + +Thank you for making it until here, + +Stay safe out there and healthy, + +81. +I’m very new to trading and I assume there is a very obvious answer to this question. I was trying to place a short order on NZD/USD using the impulse pullback technique. I placed the main order, and tried to place the stop loss 8 pips away, and the take profit 12 pips away. It said the stop loss was too close. Why is this? Thanks! +Guru's + +As of my own experience in this subject i wanted to reflect the things i've learned about trading. Speciffically Guru's. There are thousands +of sell proclaimed gurus floating around the internet, and i'm sick and tired of the shit they put out, trying to convice people +into there scam. +My point is that you dont need gurus to learn how to trade. Ask yourself this question; if they claim to be rich from trading, why would they +charge money to learn you how to use their 'strategy'? Doesn't seem legit does it. First of all, the people that really make alot of money +with forex and trading in general, are to busy making money. All the other's specifically on youtube are just fake retards, selling you the dream +and charging a lot of money for it while the same information they teach use is available for free on the internet. +I'm not saying that everything on youtube is bullshit, there's alot you can learn from some people. I'm just saying you shouldn't waste money +on a course, signal group, ebook or coaching session. It's just useless. Personally i think that the best way to learn how to trade in any +market is to just trade. Losing money is the best way to learn how to prevent that in the future. I'm not saying you should start trading +unprepaired. But instead of following these fake gurus, go to the library and read some books, Do some research on wikipedia, look at professional traders +who have proven to be very rich by trading, and try to figure out what they all have in common. +But still, the best way to learn is to just do it. Don't waste thousands of dollars on a course where all the information is available on the +internet for free. But use that money to buy some books, and fund your account. +Two things you have to remember before opening a trading account is: Your not going to be rich in less than a month, and you will lose money. +Trading is all about the attitude, but more on that later. +Also: + +Fake guru checklist: + +-sells course for thousands of dollars +-shows off money and cars +-signal group +-sells ebook +-never get's to the point in 'free videos' +-have a 'secret strategy' +-say you can become a millionaire overnight + + +note: if it sounds to good to be true, it might not be true. +Over the last 5 months people have been saying a crash or major correction would happen due to all the stimulus money being printed and that there would be high levels of inflation. The cost of everything was going to sky rocket. They were going full Weimer. When once should never go full Weimer. + +If instead the market tanks because states start requiring masks again or restrictions on travel would people like Burry and the other inflation crew admit they were wrong or just continue saying inflation is coming? +As the title says, my partner and myself (30) are about to buy our first mortgage in London and are considering what term to aim for (\~100K combined income, \~360K loan). + +We're both very fortunate, as we're expecting to inherit various lump sums from our family over the course of 2-20 years. + +My gut feeling is that minimising our repayments in the short-term is actually the right thing to do because London is expensive, "we're only young(ish) once", and a few hundred extra pounds a month to spend could make a big difference to our quality of life right now. Whereas when we're older, we can do less with our cash and the additional interest repayments of a longer-term mortgage are negligible due to our potential inheritance. + +What are the pros and cons of going for a long-term mortgage in this situation? + +Thanks for your input! +Lots of endpoints for Nasdaq-listed stocks are going to start reading null after July 31 including all 'market' intraday prices. Other endpoints are going to be populated with unofficial data from IEX. + +I've been a non-free IEX subscriber for less than a month, only to feed data to my personal bots, and already their API seems to be becoming less useful. + +I presume Nasdaq is cracking down on APIs everywhere? Will other exchanges like NYSE follow suit? +Guten Tag to this global band of Apes! 👋🦍 + +Today we close out another exciting week in the GME saga. +Yesterday, of course, we saw that inflation rates continue to be incredibly high, despite the series of interest rate increases by the Fed this year. +Naturally, this makes me think that the Fed is going to be forced to continue to increase rates. +I would normally expect such news to cause markets to fall, but we still seem to be witnessing nonsensical behaviors from the markets. +Eventually the party will end. +Right? + +All of this makes me even more pleased with GameStop's moves last year to load up on cash and wipe debt off the books. +With plenty of inventory, cash in the bank, and zero debt, GameStop is well prepared for the holiday season and beyond. +Other companies that were counting on the availability of cheap financing must be scrambling to prepare for what lies ahead. +Is there any better place than GME to HODL with Diamantenhände? + +Today is Friday, October 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: **$25.33 / 26,01 €** *(volume: 652)* +- ⬜ 115 minutes in: $25.32 / 26,00 € *(volume: 652)* +- 🟥 110 minutes in: $25.32 / 26,00 € *(volume: 652)* +- 🟩 105 minutes in: $25.40 / 26,08 € *(volume: 652)* +- ⬜ 100 minutes in: $25.35 / 26,02 € *(volume: 652)* +- ⬜ 95 minutes in: $25.35 / 26,02 € *(volume: 627)* +- ⬜ 90 minutes in: $25.35 / 26,02 € *(volume: 627)* +- 🟥 85 minutes in: $25.35 / 26,02 € *(volume: 627)* +- 🟩 80 minutes in: $25.35 / 26,03 € *(volume: 627)* +- ⬜ 75 minutes in: $25.35 / 26,03 € *(volume: 627)* +- 🟥 70 minutes in: $25.35 / 26,03 € *(volume: 627)* +- 🟥 65 minutes in: $25.44 / 26,12 € *(volume: 156)* +- 🟥 60 minutes in: $25.53 / 26,21 € *(volume: 76)* +- 🟥 55 minutes in: $25.54 / 26,22 € *(volume: 76)* +- 🟥 50 minutes in: $25.54 / 26,22 € *(volume: 76)* +- 🟩 45 minutes in: $25.55 / 26,23 € *(volume: 76)* +- 🟥 40 minutes in: $25.53 / 26,22 € *(volume: 76)* +- 🟥 35 minutes in: $25.54 / 26,23 € *(volume: 76)* +- 🟩 30 minutes in: $25.55 / 26,23 € *(volume: 76)* +- 🟩 25 minutes in: $25.52 / 26,21 € *(volume: 46)* +- 🟩 20 minutes in: $25.40 / 26,08 € *(volume: 44)* +- 🟥 15 minutes in: $25.40 / 26,08 € *(volume: 44)* +- 🟥 10 minutes in: $25.53 / 26,21 € *(volume: 44)* +- 🟥 5 minutes in: $25.55 / 26,23 € *(volume: 44)* +- 🟩 0 minutes in: $25.56 / 26,25 € *(volume: 24)* +- 🟩 US close price: $25.56 / 26,24 € *($25.58 / 26,27 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9739. 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 guess it's all starting to really sink in. + +I've been re-reading the DD recently with a few extra wrinkles acquired since and boy oh boy- am I low- key shitting my pants. + +Whereas before I would just swallow up whatever I read without much understanding, now that it all starts to make sense as it unfolds it really makes me nervous. + +So much economic pain coming for people in the near future it makes me sick. + +We really have to do everything in our power to use MOASS gains in a charitable way. + +This is much bigger than a Lambo my dear apes. It's for the mankind. + +Much love 🦍❤️ +I believe in cryptocurrency long-term as something that will revolutionize the world’s financial and governance systems, and that there is no better time than right now to become part of that future. However, it will continue to face adoption challenges until the public sees the technology for more than just a ticket to get rich quick. + +That is my belief after doing my own research and experiencing the products of this space for myself. However, it wasn’t easy trying to see both the for and against arguments fairly. It was instead very easy to get drawn to signs that say everything will just go up from here. And that’s a *problem* when people are told to DYOR. **If you’re bullish and are only reading bullish news and opinions, without challenging your thinking with some bearish views, that’s not DYOR, that’s just strengthening your own confirmation bias**. The same can be said for bearish individuals. + +Therefore, when DYOR, try to actively seek out the arguments going against your beliefs, before placing both on a scale to weigh them out. The few skeptical posts in massive echo chambers such as crypto subreddits matter. And if you feel that there is too much optimism or pessimism going around, that’s a sign that things are off-balance, and taking a few steps back is recommended. + +Thank you for reading! +19M(FL) + +For past year after I’ve graduated, I’ve been sorting out my life, learned to work as a line cook at my local Chinese establishment, and bought my first car ($13k, now paid off). + +Under some months of apprenticeship, I was paid minimum wage, living paycheck to paycheck, but since I’ve ‘graduated’ last month and now make $3.7k/m. I pay $300/m + my family’s monthly grocery bill ($300-400/m) as rent, around $300-400/m in all other expenses. That would leave me excess of ~$2.5k/m. I have $700 in savings. + +But I don’t plan on staying in this career for too long, it’s mentally taxing and labor intensive, but I’m not sure what to do. I plan to save some money while I still can here, maybe pursue college later, or something. + +Understandably, some of the better, well-paying jobs require college education, but I’m not sure if that sit right with me, taking out tens of thousands (or more) in loans to pursue a career that probably won’t pay more than my current job until years later down the road. What would you do? What am I even saving up for? + +Edit: thanks to everyone who recommended trade schools/community colleges, advice noted! +There’s a good BBC article this morning titled ‘How wealthy are you?’, it discusses the UK’s wealth, what it’s made up of, wealth inequality, generation divides, inheritance etc. Has some interesting statistics so thought some here might be interested in reading it. + +https://www.bbc.co.uk/news/uk-48759591 +Secretly lending customer funds, market-making against their own customers, Byzantine webs of counterparty relationships, launching their own tokens and giving it to insiders, etc. + +None of that shit can be researched, and these are what cause the biggest movements in crypto. "DYOR" only works when the market is at least *somewhat* transparent. Free markets can only work when everyone is (more or less) on the same playing field. THAT is why publicly traded companies have to put out regular earnings reports that are accessible to everyone, and why financial institutions undergo third party audits. + +THESE are the regulations that the SEC and other government entities want to enforce. It's not a conspiracy to kill crypto. Frankly, they don't actually give that much of a shit about crypto because crypto as a whole is literally worth only 1/3 of Apple right now. The only reason they care about it at all is because crypto gets a lot of headlines, and these people's jobs depend on public opinion, which is very much anti-crypto at the moment. + +The crypto community needs to get their collective heads out of their asses and get real about what crypto needs. +# What is SHIBA INU token + +From their website: + +>SHIB is an experiment in decentralized spontaneous community building. SHIB token is our first token and allows users to hold Billions or even Trillions of them.  Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking). Popular worldwide, and already up thousands of percent, Shiba token ($Shib) is the first cryptocurrency token to be listed and incentivized on ShibaSwap, our decentralized exchange. + +So, It’s an **ERC-20 token**. It is a token created on the Ethereum blockchain. That means that to send the tokens to another wallet or just to transfer those tokens from an exchange to your wallet, you’d have to pay the transaction fees with ETH. And do you know how high are the fees on the Ethereum blockchain right now? They are pretty high. So, that’s the first red flag for me. But let’s continue. + +&#x200B; + +>We locked the 50% of the total supply to Uniswap and threw away the keys!  The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don't own team tokens they can dump on the community. + +I don’t know whatever the fuck this means. I understand that 50% of the total supply (500 trillion) is gone. So since the total supply is 1 quadrillion, the remaining 50%, have been sent to the wallet of V**italik Buterin. I honestly don’t understand why, but SHIB TO THE MOON, right? Right guys?** + +# Tokenomics + +So, now to analyze the tokenomics of SHIB, I’ll need some help from my dear friend. His name is math and some people hate him because he always speaks the truth. So, if you want an in-depth explanation about why the price doesn’t matter, read this [post](https://www.reddit.com/r/CryptoCurrency/comments/n5wkwq/will_doge_be_worth_100_a_coin_can_it_become_as/). Here, I’ll just analyze the tokenomics of SHIB. + +**Total supply**: since the 50% of the total supply is gone, let's say the total supply is 500 trillion. + +**Circulating supply**: 394 trillion (39% of the total supply) + +**Price**: 0.000028 + +**Market cap:** 11.1731504753274 billion + +So, if SHIB actually replaces DOGE and goes to the market cap of DOGE (64.26173717196869 billion), THE 4% OF THE ENTIRE CRYPTO MARKET, a SHIB would be worth .000163 cents. So it's mathematically impossible that SHIB goes to 0.1. Sorry. + +That said, chill, learn, be patient and don’t fucking chase pumps. + +EDIT1: grammar. Also thanks for the awards, guys! + +EDIT2: grammar again +That time of year again and cannot see a thread on this. What are your goals for 2022? + +Mine are to continue building my pension, maximise my S&S ISA, working hard for a promotion to finally reach £40k (hopefully a bit more with the bonus). +I’m a firm believer in writing down goals and communicating them to people to hold yourself accountable. Maybe you are too, what are your financial goals for 2018? + +Mine: Net worth of 100k by EOY +Mainly per the title, but I am asking to understand the community views for those who are getting hammered by current fuel prices. + +Personally, I'm weighing up the switch to full EV or even a plug-in hybrid but have never had a car under finance. So to know people's thoughts on the matter, i thought it would be handy to post here. +Hello. I inherited a large amount of money from a family member when they passed away several years ago. Most of their holdings were in real estate/business. I sold off those things for cash because I am not a business owner/manager and do not want to be. Years have gone by and I have pretty much finalized the estate with an estate lawyer. + +I have been working with a financial consultant for the last 5 years & I am ready to move on. He is an asshole and only likes to listen to the sound of his own voice. He doesn't take any of my concerns into advisement. He also buys a very small pool of stocks in each of my accounts and doesn't seem to check on them very much. + +Right now I have about 2 mil. About half is in an IRA & half in TOD and ttee accounts. + +I've been doing a lot of research on how to FIRE. My goal is to go back to school finish my bachelors and masters degrees in 5 years & live on the income from the investment. After graduation I hope to reduce the income while I am working for money. + +I'm 30 & single. I don't feel like I understand enough about investment to confidently run my own portfolio. But I also do not want to get screwed over by another financial consultant. I've gone to meetings with several banks now. They all tell me the same thing, because they all run similar simulations. If I only take about $40,000k in income the money has a 99% likelihood of lasting until I'm 90. Which is great. So should I leave the consulting all together? How do I better educate myself? I understand the basics but when I read articles I feel like I'm reading french. + +There's a big part of me that just wants to throw it all at a robo-investor and never think about this again. +EDIT 2: [WRONG](https://www.youtube.com/watch?v=WrjwaqZfjIY&ab_channel=playityourway) + +Just a smooth-brained ape here, but after RCs lastest tweet and Apples Event announcement shortly after, there may be something here... (apologies as I'm on the app and don't know how to embed images.) + +*Please be sure your tinfoil hat is securely fastened before we depart* + +***EVIDENCE*** + +Back in December, RC tweeted an image of him poopin in da Metaverse with a VR headset on. +[Taking a dump in the metaverse.](https://twitter.com/ryancohen/status/1475551106071732227?t=Ug4jD3kLsONEgCsGfNml_g&s=19) + +Earlier in February, concepts were leaked about Apples VR headset by a group that had previously leaked accurate PS5 renders. The headset looks *EERILY* similar to the headset in RCs metaverse tweet. +[Apple VR Headset Leak](https://www.macrumors.com/2022/02/21/apple-completes-ar-vr-headset-production-tests/) + +Today, RC tweets about an apple. +[The apple doesn't fall far from the tree 🍏](https://twitter.com/ryancohen/status/1499057365601161223?t=aX87h1nyIElTY0DncRjVJw&s=19) + +Not even an hour later, [Apple announces a virtual product launch event for March 8th.](https://www.apple.com/apple-events/) + +***THEORY*** + +RC has been working with Apple for the past few months to incorporate Apples new VR headset into the GMERICA ecosystem. GMERICA will either be the base for the metaverse, or minimally, you'll be able to buy and sell NFT items through the headset. This will be announced no later than March 8th. + +Edit: The Apple Event is Tuesday Morning! + +If I'm wrong, I'll go back to lurking, hodling, and DRSing. +*updates at bottom* + +So I went against my instinct and jumped into $PLTR calls this morning at opening bell. Now mind you it was -11% premarket, but I kept hearing all this buzz about earnings so I bit the bullet and gobbled up $20,$21,$22 and $24 calls for this week. + +Best. Decision. Everrrrrr! It closed at almost $21 today! From pre market to closing bell it swung like 25% in total. I’m up like 650% on each of the calls 🤯 + +Now I’m just nervous for tomorrow. Every time I feel like I should sell my calls, they explode the next day. + +Wait I just had an epiphany!! So if I did go against my gut this morning and it worked, I think I’ll go against my gut and not sell them yet👍 + +Anyway wish me luck lol $PLTR options I feel like are gonna go crazy all week so def keep an eye on them or jump in if you feel courageous enough lol. And congrats if you got some of the cheap calls before today!!! + +*EDIT* +Lol thank you for the claps and congrats. But. For the record I don’t have any day trades left!! That’s the ONLY reason I haven’t sold. The calls were up like 1200% maybe 15 minutes after I got them. If I had day trades I woulda sold it off at that point lol. I’m not thattttt greedy haha. + +*Update:* +Sold the calls at opening today! Obvi profit dropped a bit, but still made it out with awesome profits overall. Waited a bit after the morning sell off and then purchased calls for next week. Was up on those, but as of writing they’re back to the price I paid. + + +G1 will present 3 posters at ASCO21, one at session about Lung Cancer – **Non-Small Cell Local-Regional/Small Cell/Other Thoracic Cancers** , and two posters on session about **Metastatic Breast Cancer!** + +[http://investor.g1therapeutics.com/news-releases/news-release-details/g1-therapeutics-announces-upcoming-data-american-society](http://investor.g1therapeutics.com/news-releases/news-release-details/g1-therapeutics-announces-upcoming-data-american-society) Two of this poster session will be about trilaciclib - is the first and only FDA-approved therapy to provide myeloprotective efficacy, and one will present new data about - RINTODESTRANT. + +Rintodestrant is SERD [https://en.wikipedia.org/wiki/Selective\_estrogen\_receptor\_degrader](https://en.wikipedia.org/wiki/Selective_estrogen_receptor_degrader) And its possible to become one the best in SERD lineup because of it's combination. Rintodestrant is used in combination with palbociclib ([https://en.wikipedia.org/wiki/Palbociclib](https://en.wikipedia.org/wiki/Palbociclib)) and first results were very optimistic! For the ASCO21 G1 Therapeutics will present a new data about phase 1. For this moment what we should know about Rintodestrant poster that will be presented at ASCO ([https://meetinglibrary.asco.org/record/198202/abstract](https://meetinglibrary.asco.org/record/198202/abstract)) + +**BACK IN TIME** + +Here is the GTHX price graphic after ESMO 2019 (European Society for Medical Oncology) where were presented first results about rintodestrant. + +[ESMO 2019 reaction](https://preview.redd.it/huifrebeav271.jpg?width=1280&format=pjpg&auto=webp&s=71978bd8ab94ce3aab2b4b925ef89ac02695194f) + +Presented clinical benefit (i.e. the number of patients who observed complete response + partial response + disease stabilization for at least 24 weeks) at all doses was only 15.8%, or only 3 out of 19 patients who received G1T48 (working name of rintodestrant). The effect was not impressive. Here is the poster that was presented [https://www.g1therapeutics.com/file.cfm/34/docs/48-G1\_ESMO2019\_Dees.pdf](https://www.g1therapeutics.com/file.cfm/34/docs/48-G1_ESMO2019_Dees.pdf) + +The market now has the undisputed leader in the class of selective biodegradants of estrogen receptors - this is Fulvestrant from $AZN (FASLODEX) . If the Rintodestrant by some chance can give a hint on June 4th that he is ready to break into this segment - a roller coaster awaits us on SERD market! For this moment SERD market coast at $ 4 billion by 2030 ([https://www.prnewswire.com/news-releases/global-4-billion-serd-therapeutics-market-to-2030-faslodex-rad1901-gdc-9545-azd9833-sar439859-301279118.html](https://www.prnewswire.com/news-releases/global-4-billion-serd-therapeutics-market-to-2030-faslodex-rad1901-gdc-9545-azd9833-sar439859-301279118.html)) + +**THE ASCO21 EXPECTATION** + +Rintodestant a potent, oral selective estrogen receptor degrader, competitively binds and degrades the estrogen receptor (ER), thus blocking ER signaling in tumors resistant to other endocrine therapies (ET). Results from parts 1 and 2 dose-escalation/expansion indicate that once-daily (QD) rintodestrant has a favorable safety profile and antitumor activity in patients (pts) with heavily pretreated ER+/HER2– advanced breast cancer (ABC), including those with ESR1 variants (Aftimos et al. SABCS 2020 \[PS12-04, PD8-07\]). The optimal dose of rintodestrant was 800 mg. Here, we present part 3, combining rintodestrant with the CDK4/6 inhibitor palbociclib. + +**The methods of using:** This open-label study evaluated rintodestrant in pts with ER+/HER2– ABC after progression on ET [NCT03455270](http://clinicaltrials.gov/show/NCT03455270). Part 3 assessed rintodestrant 800 mg QD + palbociclib 125 mg QD for 21 days every 28 days. Key eligibility criteria included ≤1 line of chemotherapy and/or ≤1 line of ET in the advanced setting, with ≥6 months of ET in the advanced setting and/or ≥24 months in the adjuvant setting. Prior CDK4/6 inhibitor therapy was not allowed. Primary objectives included safety and efficacy. Secondary objectives included pharmacokinetics and antitumor activity (RECIST v1.1). Exploratory objectives included mutation profiling (cell-free DNA) at baseline and cycle 1 day 15. + +**Results:** Enrollment occurred Jul–Oct 2020. As of Dec 9, 2020, 40 pts were treated, with a median age of 58 years (35–76) and ECOG PS of 0 (70%) or 1 (30%); 20% had de novo stage 4 disease, 10% bone-only, and 68% visceral metastases. Median number of visceral sites was 1 (0–3): 30% of pts with lung and 40% with liver involvement. Median number of prior lines in the advanced setting was 1 (0–2), including chemotherapy (48%), fulvestrant (15%), and aromatase inhibitors (50%). Most recent ET was given in the adjuvant and metastatic settings in 28% and 73% of pts, respectively. Rintodestrant-related adverse events (AEs) were reported in 8% of pts—all nonserious and grade 2—and included nausea (3%), vomiting (3%), and neutropenia (3%). The most common (≥10%) treatment-related AEs (rintodestrant and/or palbociclib) were neutropenia (88%), leukopenia (45%), anemia (10%), and thrombocytopenia (10%); grade 3/4 neutropenia was 38%/15%, in line with the safety profile of palbociclib. No deaths or treatment discontinuations due to AEs were reported. At data cutoff (median treatment duration of 3 months \[1.5–4.6\]), 28 pts (70%) remained on study treatment, 2 (5%) had a confirmed partial response, and 27 (68%) had stable disease. Additional efficacy and pharmacodynamic data will be presented. + +**Conclusions:** Rintodestrant, as monotherapy or combined with palbociclib, continues to demonstrate an excellent safety/tolerability profile with promising antitumor activity in pts with ER+/HER2– ABC, including those with *ESR1* variants. Clinical trial information: [NCT03455270](http://clinicaltrials.gov/show/NCT03455270). + +**PIPELINE AND FUTURE** + +For this moment G1 have COSELA (trilaciclib) as potential market golden egg because of chemoterapy, it was approved by FDA in february and in 1Q 2021 it already made 600k of revenue on 30 patients with SCLC! Cosela included in two NCCN guidelines for Small Cell Lung Cancer treatment! Now it will be tested and used with Colorectal, Breast and Bladder cancer too. + +Medicare and Medicaid will include Cosela in list of medication that will need clininc-administred requiring prior autorization. Some of insurance companies already did it (BCBS NC, BCBS Michigan, Anthem CA, Oregon Health Department approved Cosela for Medicaid) + +Internationally G1 have strong market side, maybe the one of the biggest market of chemotherapy is China! Simcere as partner of G1 sold some genetics companies to make free money and power up with trilaciclib in China, on may 25 in Jilin Cancer Hospital - China, was first patient with SCLC treated with COSELA! In april started 3 phase for colorectal cancer with trilaciclib and folfoxiri/becacizumab! + +And latest news from China: +[http://hk.jrj.com.cn/2021/06/02145232863127.shtml](http://hk.jrj.com.cn/2021/06/02145232863127.shtml) +Simcere Pharmaceutical (02096) cooperated with Hainan Boao Hengda International Hospital to use Trilaciclib for the first clinical treatment of Chinese patients +Zhitong Finance A PP learned that on June 2, Simcere Pharmaceutical (02096) and Hainan Boao Hengda International Hospital announced that Trilaciclib, a new drug that had been approved by the FDA as a breakthrough therapy, had been approved by the Hainan Provincial Drug Administration. The Boao Lecheng International Medical Tourism Pilot Zone was used for clinical application, and the first domestic prescription was issued at Boao Evergrande International Hospital, and the first clinical administration for patients with extensive-stage small cell lung cancer (ES-SCLC) was completed. + +&#x200B; + +[G1 Therapeutcs pipeline](https://preview.redd.it/hftzqpfgav271.png?width=2019&format=png&auto=webp&s=fac1673e2b669f5da4de77e52af6b02b6d1c57e3) + +**Opinion** + +ASCO21 could become a real catalyst action for G1 if the rintodestrant does not show outstanding results, it is quite possible that the company's shares will collapse by $ 5-10 + +With a successful presentation, it is difficult to predict growth, but possible it will be 25$ per shares, in the last week G1 shares were bought in large volumes, at the end of the session! + +&#x200B; + +[153&#37; of average volume and closing price GTHX](https://preview.redd.it/3uyy34miav271.png?width=1204&format=png&auto=webp&s=3f15c63d1c9d74ce9876ddeec6dc477fa1c46351) + +And some technicall analysis from +[https://bovnews.com/2021/05/31/why-g1-therapeutics-inc-gthx-and-mcdonalds-corporation-mcd-looks-good-at-the-present-situation/](https://bovnews.com/2021/05/31/why-g1-therapeutics-inc-gthx-and-mcdonalds-corporation-mcd-looks-good-at-the-present-situation/) + +In the most recent purchasing and selling session, G1 Therapeutics Inc. (GTHX)’s share price decreased by -2.29 percent to ratify at $21.72. A sum of 1655141 shares traded at recent session and its average exchanging volume remained at 1.06M shares. The 52-week price high and low points are important variables to concentrate on when assessing the current and prospective worth of a stock. G1 Therapeutics Inc. (GTHX) shares are taking a pay cut of -41.41% from the high point of 52 weeks and flying high of 100.93% from the low figure of 52 weeks. + +G1 Therapeutics Inc. (GTHX) shares reached a high of $23.085 and dropped to a low of $21.52 until finishing in the latest session at $22.38. Traders and investors may also choose to study the ATR or Average True Range when concentrating on technical inventory assessment. Currently at 1.17 is the 14-day ATR for G1 Therapeutics Inc. (GTHX). The highest level of 52-weeks price has $37.07 and $10.81 for 52 weeks lowest level. The liquidity ratios which the firm has won as a quick ratio of 11.50, a current ratio of 11.60 and a debt-to-equity ratio of 0.12. + +Having a look at past record, we’re going to look at various forwards or backwards shifting developments regarding GTHX. The firm’s shares rose 2.65 percent in the past five business days and shrunk -0.91 percent in the past thirty business days. In the previous quarter, the stock fell -5.85 percent at some point. The output of the stock increased 59.12 percent within the six-month closing period, while general annual output gained 27.99 percent. The company’s performance is now positive at 20.73% from the beginning of the calendar year. + +According to WSJ, G1 Therapeutics Inc. (GTHX) obtained an estimated Buy proposal from the 8 brokerage firms currently keeping a deep eye on the stock performance as compares to its rivals. 0 equity research analysts rated the shares with a selling strategy, 0 gave a hold approach, 7 gave a purchase tip, 1 gave the firm a overweight advice and 0 put the stock under the underweight category. + +**Finally...** + +My vision is that rintodestrant is effective with palbociclib which is Pfizer product and i expect that G1 will sold the rights for rintodestrant as it was made with lerociclib before! The new scientific and clinical trials will cost a lot of money and G1 understand that. Possible solution to sold rights will give money for new researches with trilaciclib and make investors feel safety , because if G1 will have enough money for future there will be no possible scenario about stock dilution wich is very popular for small cap biotech companies! + +[RothCapital G1 future](https://preview.redd.it/n7jpt2yjav271.jpg?width=1280&format=pjpg&auto=webp&s=601b3c21fd77845f6148a6709064248b8bff9394) + +&#x200B; + +For this moment the SERD market is very tough place to be! Rintodestrant is one of the top as G1 says, but the results once were very unattractive and possible bad presentation could fail G1 stocks to 11-14$ and this could be my possibility to buy more) + +[SERD market](https://preview.redd.it/v0vlpapwav271.jpg?width=1280&format=pjpg&auto=webp&s=c235359739225f9f9ff2f79853d71622a2db05a0) + +But if the rintodestrant+palbociclib will made a great start at ASCO21 there is a possible growth to 27-30$! + +The best way for short and mid term is to but it before ASCO in case of good results it will give 7-10% of growth easily! Or to open short position in case of bad data results! + +In term of long term traiding buy and forget about it for 2-3 years! But still there is a possibility of buying by another company, like it happened today with CNST! Btw i made 65% of profit in 6 days on this stock! +Yes I know nobody can time the market. It doesn't mean it doesn't bother me! All of the above get under my skin. I think the worst for me has been watching the watchlist stocks run without me. I usually invest a lot of time researching before adding them there. I've resorted to buying a small part of my position right away and waiting for a lower price for the rest of it. + +Not taking the gains and watching it drop makes me feel like I was being too greedy. Not a good feeling. Stop losses at the target sell price are important. Setting a trailing stop 3 percent below the market price has helped me. A volatile stock would have a different percentage. + +Watching the stock run after selling just sort of makes me laugh. Like watching your kid grow up and go to college. You appreciate the time you had and look forward to seeing what they become in the future. +Just a simple thought. People keep saying "do they really think we're selling?" and the answer is no. They know you won't sell. They are screwed, yeah. + +The dips. The volume. The price slowly lowering. It's not for us. + +Like a creature playing dead, SHFs are manipulating the price so that other institutional players don't buy in. They won't convince us, but they can throw off technical indicators that might make other large investors stay clear. Or make it too risky. + +So yes, we buy these dips, and they are aware and there's nothing they can do about it. They just HAVE to make it look like it's a slow sell off or else the whole financial world will FOMO in and then it's game over anon, even if it means selling more shares into the hands of us ape's who got nothing better to do on a Tuesday except HODL. +I don't want this to seem like a woe-is-me post, so I'll keep it short and simple. + +My wife and I make a healthy income, and don't really want for anything. We are pretty frugal and are on course to chubbyFIRE sometime in our mid-late 40s. + +My parents who are at least a magnitude wealthier are offering to replace our 10 year old SUV, and have also offered to send out kids to private school if we so desire. I know they have also put away a nice amount in 529s. + +I have some qualms about that. + +On one hand, it feels irrational to decline a gift. The gifts would have real utility, and while we could fit them into our budget it would cost us in a way it wouldn't cost them. Also, family fortunes definitely help pave the way for greatness - Bill Gates, Trump, the Bushes, the Kennedy's, etc. + +On the other, it makes me feel like a spoiled shithead trust fund kid, considering they already paid for my college and car. Making my own money and buying my own house gave me a sense of self worth and fulfillment, and drove me to do bigger and better things. I also don't know I'd want my kids to grow up with the idea that their grandparents are rich and will spoil them for life - which they already do to an extent. + +Do you have any qualms about taking gifts from your parents? Should I? +**Join our Telegram for 24/7 support: [t.me/tacocattoken](https://t.me/tacocattoken)** + + +TacoCat is truly a first of its kind cryptocurrency x lifestyle brand. The project is unlike any other on the BSC, coming with a doxxed team, not one but two exchange listings in the first week of launch, a 25 page whitepaper fleshed out with real world use cases and applications and so much more! + + +TacoCat has incredible things planned such as the TacoCard and TacoApp, an all in one payment and rewards solution for your phone, coming with a credit card which you can use to spend TacoCat! An NFTaco marketplace, TacoCat video game “Wildcard”, ticketing system and so much more are all planned to be unveiled and completed over the course of the next 6 to 9 months. A fully fleshed out roadmap as well as team photos and bios are all now available on the updated website at: www.tacocat.co + + +TacoCat was born from the ashes of its V1 predecessor, after which the creators stepped down and the community assembled a new team, decided to relaunch onto V2 and successfully carried over the migration and snapshot of thousands of holders in lightning speed! The team has displayed tremendous competence in what they do, and they have not disappointed having been listed on Hotbit the day after launch, as well as CoinGecko during the week and Coinsbit exchange today, with CMC and more major exchange listings coming soon! TacoCat has some very exciting things planned and the project is fully focused on the here and now just as much as it is on the long term! The project CEO is registering a legal TacoCat Company very soon, and this will enable the project to expand operations into so many more interesting avenues! + + +Links: + +Twitter: [twitter.com/tacocattoken](https://twitter.com/tacocattoken) + +Instagram: [instagram.com/tacocattoken](https://www.instagram.com/tacocattoken/) + +Reddit: r/tacocatco + +Discord: https://discord.gg/sJWBKeB8 + +Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0xd0eb1e3c06d43d0938d0ad638cda5f5a8ae93853 + +Medium: https://tacocattoken.medium.com + +Facebook: https://facebook.com/tacocattoken + +https://m.twitch.tv/tacocatcrypto + + +As always make sure to do your own research before investing and always invest only what you are capable of affording. +So I keep seeing this annoying commercial on TV, it says "bank with Chime banking and get paid two days early so you can do more of the things you love!" + +&#x200B; + +and they have people in the commercial saying stuff like "I use Chime banking and I get paid earlier, so now I can do more things" and "now I can go out with my friends" and "Now I can buy stuff I like." + +&#x200B; + +Now... Correct me if i'm wrong, but, even if you get paid two days, earlier, and spend the money, you will still be broke.I mean pretty much just your payday cycle moves back two days, and pretty soon you will be right where you started, just two days earlier. + +&#x200B; + +Who in the hell would fall for this crap? +https://www.wsj.com/articles/white-house-plans-to-escalate-trade-pressure-on-china-1523573253 + +> The Trump White House, confident that its hard-line strategy is succeeding, is planning to ratchet up the pressure on China by focusing on new tariffs and threatening to block Chinese technology investment in the U.S., according to officials familiar with the strategy. + +> The additional moves come as President Donald Trump has told his senior aides to investigate the possibility of joining the Trans-Pacific Partnership, a move that would reverse a Trump campaign promise and would further challenge China. + +> For its part, China is looking to line up other countries against the U.S., Chinese officials said—especially in Europe, whose firms could benefit should China react to the stepped up pressure by retaliating against the U.S. Beijing has already responded to early volleys from Washington in the trade conflict with retaliatory tariffs of its own. + +> Administration officials familiar with the U.S. strategy say that the U.S. Trade Representative, as early as next week, will detail which products are on the list of $100 billion in Chinese goods subject to 25% import tariffs. The initial hit list of $50 billion in Chinese imports didn’t include some consumer staples such as clothing, mobile phones or shoes, to minimize consumer impact and limit domestic criticism. But trade experts say the sheer size of the expansion of the hit list makes the inclusion of consumer goods inevitable. + +> At the same time, the Treasury Department is crafting sharp prohibitions on Chinese investment in advanced U.S. technology, whether by acquisition, joint ventures, licensing or any other arrangement. The Treasury is targeting China’s subsidization of domestic industries to turn them into so-called technology national champions, said a senior administration official. + +> The administration is debating whether to make the investment restrictions permanent, even if China changes its industrial policies, the official said. The restrictions then could be used to make sure China carries out pledges and would warn other countries not to mimic Chinese behavior. Treasury is supposed to devise a plan by early June. + +> The actions come as administration officials argue the Chinese are already bending the U.S.’s will. They point to a speech on Tuesday by Chinese President Xi Jinping, who promised to roll out measures this year to lower tariffs on imported cars and to ease foreign ownership restrictions on auto makers in China. + +> “It was the most conciliatory thing we’ve heard since the whole discussion began,” said a White House official. “Up to then, it was mean, nasty, cruel name-calling.” +These funds are absolutely getting crushed. It seems they have gone and invested in the worst companies.. + + +FRANKLIN INDIA SHORT TERM INCOME fund is on course to erode over 2 years worth of gains.. + + +FT UST woes has been well documented on this sub. + + +Again the same names - Anil Dirubhai Ambani group ADA, Essel etc.. + +The FT fund house keeps recklessly parking investors money into anil dirubhai ambani group, essel etc. +What a joke... + +> Franklin MF NAVs dip on markdown of ADA group and Essel Infra debt securities +In the case of ADA group, earlier on February 24, the NCDs were valued based on a cumulative haircut of 72.99%. On March 9, the fund house has marked down the security by 95% of Face Value (FV) on a cumulative basis. + +> In a note to investors, the fund house said: “Global stock markets have fallen sharply over the past few days as investors continue to worry about the broader economic effects of coronavirus outbreak. Data coming from various countries are pointing at the intensification of the outbreak….Further, longer than expected time to monetize assets has increased dependency on listed share collateral for recovery. Due to all these factors and due to continued stress in the issuer groups, we have further marked down NCDs of Essel Infraprojects Ltd, Reliance Big Pvt. Ltd and Reliance Infrastructure Consulting & Engineering Pvt. Ltd to reflect the same at fair value + + + +https://economictimes.indiatimes.com/mf/mf-news/franklin-mf-navs-dip-on-markdown-of-ada-group-and-essel-infra-debt-securities/articleshow/74581129.cms +[https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html](https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html) + +Not sure how there are more jobs but also an increase in unemployment... +I make 52k a year per salary before taxes, with opportunity at overtime. My fiancé makes roughly 36k a year. I owe 19k on my vehicle with and I am making 500$ a month payment. Our cell phone bill is 230 a month. After our wedding is over, aka after my savings is gone, im going to restart and try to save for a home. I have a 745 credit score. I do not know what hers is, but not great since her student loan debt is large. I have no student loans. Only debt is my car. I’m curious as to what price range of home would be best. I do not want to be house broke, and I’m capable of doing cosmetic work on homes I.e. paint, flooring, drywall work, etc. Does any one here have an idea of price range we should be looking for, for our starter home??? Thank you and sorry for the long read +The trolls finally showed up so I decided to delete my info. +If I delete this post would I still be able to see all of the useful comments everyone has left me? I know I need to come back to this post until we have everything in motion. Thanks again everyone! + + +**Last edit-I know you all hate edits**. +I have received SO MUCH help and positive support. THANK YOU ALL SO MUCH. I feel much better about this whole situation, and I apologize for being so freaked out in the beginning. I've learned a ton tonight and have a lot of great resources to use now. I will come back to this thread every single day until we get this figured out. You are all awesome! Again, THANK YOU THANK YOU THANK YOU!!! +I'm 16 (junior in highschool) and from a middle to upper middle class family and I'm really looking to get car so I don't have to be driven to school an hour early every morning then picked up 3 hours late after school. I just got a job at the local cinema which will pay around 500 a month. In two years I'll be in college on a bike friendly campus. This car would save me an extra hour sleep every morning and I would be home 3 hours earlier after school every day. I'm looking to pay around 200 a month for the actual car and maybe 100 a month for gas. My parents said they would pay insurance if I paid for everything else. Is this a good idea and would it be worth it with the extra time at home? +Also, what would be a good car to get and where should I look? + + +Edit: Thanks for the awesome advice guys! So far I've been told to wait and save up for a 3 to 4 grand beater truck and invest 150 to 200 on basic tools to lesrn how to repair it. I would have never thought of this without you guys and I just told my parents about this and they were really proud and impressed that I was thinking financially safe. Thanks!! + +Edit 2: a lot of you are saying take the bus, sadly I live in a different district than my school so that is not an option. Thanks though + +Edit 3: I'm trying to reply to everyone's comments saying thank you but there are just so many! So if I don't reply let me just say thank you so much for all the advice everyone is giving me! You guys are awesome! + +Edit 4: you guys are fantastic +So, the market is going to crash harder than a Boeing without updated software soon. It doesn't really matter what awesome thing you think you've stumbled onto, it's going to go down, hard. + +The Fed has put the market on easy mode ever since the COVID crash, but that's coming to an end soon. So if you don't want to lose all your tendies in the coming storm, listen up. + +Oh, what's that you say? There won't be a market crash? Hang on, lemme drop a little knowledge on you. + +1. the RRP numbers. RRP is the Reverse Repo Program the fed runs where banks and other institutions park money at the fed overnight in exchange for Treasuries, then swap them back the next day. This usually spikes at the end of quarters and the rest of the time is super low. Over the last few months it's been skyrocketing to all time highs. It hit $991 Billion this quarter end, then after the Q2 checks ended it fell all the way to.. $731 Billion. + +Why is this bad? It means the banks either need collateral so bad they're putting this much up overnight to get it, or they'd rather get an annualized return of 0.05% than anything else, at a time when inflation is officially running at around 5%, and unofficially as much as twice that. This means they "the smart money" think a guaranteed loss of 4.95%/year is the best they can hope to do. + +2) The housing market is about to go boom in the bad way. Right now we've got increasing prices, tons of supply under construction, combined with decreasing sales. That's basically the perfect indicator of a bubble about to pop. Also, the end of the eviction moratorium is still waiting around the corner to dump millions of houses on banks that really don't want them and will be very "motivated sellers". This should have already happened, but when Team Sleepy Biden got a look at the amount of doom coming, they quickly punted the ball, and emergency extended the eviction moratorium by another month to the end of July. Kick that can all you want, it's still there and just getting bigger. + +3) The commercial housing market is basically in the same place today as the residential market was in 2008, and banks are loaded to the tits with bad CMBS products. If you're confused how this could happen, again, only a few years later, it's pretty simple, all the guys who did the MBS nonsense in '08 didn't face any penalties, so they moved over to CMBS and started inflating the income of the businesses renting properties. Now, what has the pandemic done more than anything else? Killed the small businesses and retail stores that make up the majority of tenants in said CMBS loans. So you've got a bunch of companies that Amazon just put out of business not paying their rent anymore, which means the places they were paying rent to are no longer paying their mortgage. Combine that with many companies reducing their office footprints with hybrid work from home setups, and... CMBS go BOOM in the bad way. + +4) The signs, they are the everywhere. Every company that can is going public right now, regardless of whether they make money or not. This is one of those classic "the top is in" signs. Retail is fomoing into the market in a big way. Remember the line about how a guy knew the market was done when his shoeshine boy had stock tips? Now it's your Uber driver and Pizza delivery guy. + +5) Margin debt is around $860 billion right now. And that's just what's disclosed. Remember Bill Hwang lost $20 billion and even more for Credit Suisse and Deutsche and Nomura? Yeah, none of that leverage was disclosed because it was all in swaps. You think he's the only family office out there pulling stunts like that? And don't even get me started on how much margin is tied up in the funny internet money. Hell, Binance lets people margin at 100 to 1. That's beyond insane. So yeah, huge amounts of margin mean whenever things take a turn for the worse, they spiral really, really fast. + +6) When in doubt, zoom out. We've had people posting hundred year and twenty year charts and the stock markets channel for months now. They all show the top of the channel that makes the bad bounce down happen is being touched. Elliot Waves and other kinds of TA all show the same thing, we're about to go down, way downtown, like 1929 down. + +7) All time highs, but 50% of stocks are under their 50 day moving average. That's happened in six of the last seven trading days. It's never happened in history more than 3 out of 5 days before, and every single time was shortly followed by a massive, massive crash. The crash has already started for the smaller fish, but the indexes are being propped up by the big names because money is de-risking by fleeing to them, hoping they'll survive. + +8) Student loans. The moratorium ends on September 30. Meaning that in October all of a sudden the people most likely to spend money in the economy (young, mid to low level disposable income) will see that spending ability completely wiped out all at once. This is tens of millions of Americans who immediately won't be spending money at businesses. And you know what the most common month for financial crashes is? October, which is right after September. + +Finally, you don't just have to take my word for it. Here's a list of some prominent financial types calling for doom soon. + +1. Dr. Michael J. Burry +2. a whole bunch of other assholes who don't have his track record but are echoing it + +So how you do make money on the collapse of the market? Don't try to pick companies and buy puts, if you do that you have to root on stuff failing. Buy calls on SPXS, SQQQ, and SDOW, then you get to root for things going up. I don't do posts very often, but my first DD on the oil markets made a whole lot of you a bunch of money. Here's another chance to do it again. + +Positions: + +10x HYG 7/23 80p + +10x SPXS 7/16 40c + +10x SPXS 7/16 55c + +Honestly I don't know if these will print or not. But on the day they expire I'll just roll them or buy more another month or two out and will continue to do so. If you want to just buy and forget, Jan 2022 calls are the safest thing I can think of. Maybe this can gets kicked out past the summer, but there is no way it makes it past this fall and the student loan spending cliff. + +EDIT and TLDR: Market go boom in bad way. Bet against market to make tendies. Money printer no work no more, printed too much money make liquidity trap - RRP evidence of liquidity overload. + +EDIT2: First, a lot of people in the comments don't like my positions. I've had them for awhile, and they have a very good chance to expire worthless, but as I said, I'll keep rolling them because I did the math and it's cheaper to keep rolling them than to just buy Jan 2022 calls. The options markets prices don't make sense a lot of the time, so I really recommend doing the math on buying calls and puts at various points instead of just blindly picking a date and rolling with it. + +Second, the banks are being propped up by bullshit. For those of you who didn't know, the "stress test" they recently passed a couple weeks ago so they could start issuing dividends? It used data from October 9, 2020. That's fucking insane. There's an interview with the head of BofA where he's talking about something else and mentions, completely unprompted, "assuming we pass the stress test" and he looked stressed as fuck while saying it. + +There's no way on god's green earth that Bill Hwang was the only one being as fucky with hidden leverage like swaps or who knows what in the funny money markets with things like tokenized stocks to hide naked call and put and swap positions. I don't know what domino is going to start this rolling, but I see a lot of those motherfuckers teetering. + +The market right now is the Titanic, and I'm telling you people, there are a bunch of goddamn icebergs out there. + +EDIT 3: since I've been getting some questions about what's wrong with the banks and the CMBS market, here are two articles, one from the Atlantic last summer [https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/](https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/) + +and one from the Intercept published in April [https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/](https://theintercept.com/2021/04/20/wall-street-cmbs-dollar-general-ladder-capital/) + +An excerpt from the Intercept piece: + +In a [study](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3671162) released last November, they sampled almost 40,000 CMBS loans with a market capitalization of $650 billion underwritten from the beginning of 2013 to the end of 2019. + +“Overall,” they write, “actual net operating income falls short of underwritten income by 5% or more in 28% of loans.” This was just the average, however: Some originators — including an unusual company called Ladder Capital as well as the Swiss bank UBS, Goldman Sachs, Citigroup, and Morgan Stanley — were significantly worse, “having more than 35% of their loans exhibiting 5% or greater income overstatement.” + +This is just the same thing as the NINJA (No Income No Job Application) for residential mortgages in 2008 applied to commercial loans. + +EDIT 4: Since I'm getting a lot of requests both in comments and DMs about it, [here](https://www.reddit.com/r/wallstreetbets/comments/og6ofy/housing_a_big_bubbly_pile_of_garbage_that_will/) is a follow up post that explains exactly what the fuck is wrong with the housing market and why it's going to blow the fuck up soon. +[I used to think early retirement was the only way to live my ideal life, but I've found a better approach](https://www.businessinsider.com/personal-finance/why-ditched-traditional-fire-movement-2021-6) + +TL;DR - + +1. FIRE is not accessible unless you are a 27-year-old with no debt and a high-paying job. + +2. You have to sacrifice to the "point of deprivation" in order to achieve FIRE. + +3. "Slow FIRE" is the better option than just FIRE! + +Wonder what everyone here thinks about this. Personally, I think that so-called slow FIRE has a higher risk of people falling back into their old patterns of earning and spending, so that ultimately slow FIRE is just FIR at the traditional retirement age, without the "early" part. +Is there a dividend stock that you're just absolutely crazy about and make it consume a majority of your portfolio? + +Mine is First Horizon or $FHN, low PE ratio, over 87.9 billion in assets but market cap is 1/10th of that at 8 billion. Recently acquired Iberia bank, growing fast in the southern region. Current dividend yield of 3.88%, or .15/qtr a share. + +In my opinion it's has great long term potential not only for its share price but its dividend as well since it has grown well in the past. +1.14 AAPL +3.08 BAC +4.02 CRF +40 DHY +16.01 PHK +2.09 QYLD +1.06 SPHD +2.17 SPYD +10.04 SRET +1.06 STAG + +I got into this with no experience, got the Robinhood app and found r/dividends and wanted to get Into it. Anything I should drop? Any recommendations on dividend paying stocks and ETFS? +Hello! New to investing in general, been lurking the sub, researching about and wanted some advice. I'm 31, roughly 75k a year & all debt paid off finally. I'm planning on adding $250 a week going forward and leaning on either SCHD or SPHD. All dividends received will be reinvested + looking for longtime growth. + +Seems like SCHD has better growth year to year and maybe it'll be better in the long run. However SPHD is roughly half the price per share and offers a higher Yield. By the end of the year I'd theoretically have twice the amount of shares in SPHD so wasnt sure if it will actually offset / be better to go with this investment instead. + +Any thoughts? Is it even worth going into both 50/50? Guess I'm unsure how to calculate potential yearly growth from one etf to the other if that makes sense. I'm also open to any suggestions you all may have. + +Side note just opened and maxed out my Roth IRA. Was planning on going VTI and perhaps an international ETF like FZILX from Fidelity. Something like 80/20 split. For Roth I mainly don't wanna think too much about it too much and watch it grow over time. + +Its my first year investing so better late then never I suppose. From all the strategies dividends seem to appeal to me the most so any advice would be great! Thank you +I opened FB Shop and Swap today and someone posted the above asking if anyone can help her out. According to her story she actually didn’t end up spending the money on the one McD meal anyway, instead choosing to help out a homeless lady that was camped out near the restaurant. That’s not the real issue though. + +The real issue is, if you only have $9, McDonalds is the last place you should be going to get food. McDonalds is not cheap. Fast Food is not inexpensive food. I bring this up because when I was a kid and teen I learned from my family that McDonalds is cheap dinner and where to go when you don’t have much money. My father is in his late 60s and still eats McD’s because he is really poor and thinks he is saving money by doing it. I was in my mid 20s before I realized just how much money I was wasting each month by eating fast food. + +No fast food is inexpensive!!! It’s just less expensive than eating at other restaurants, but it’s still expensive + +In the above FB case, this person would have been way better off heading to the grocery store just a block away and buying rice (2 lbs $1.78), 2 cans of black beans ($1.98), and 1 lb hamburger (2.88). Total $6.44 + tax. That was just a quick search, I’m sure better deals are out there. + +TLDR Eating fast food is NOT a good way to save money when struggling financially +There was a post recently on “US“PF with money saving tips when moving home. I’d be keen to hear any helpful money-saving suggestions with regard to moving home in the UK. I don’t mean tips on how to get a better mortgage, cheap surveyors etc., though those are welcome too. +I've done some research and I've got you 👉😎👉 + +1. Use Trezor. The ledger is made of metal and can be detected by metal detectors. The trezor also has larger volume 😳 + + +2. Put 2 Trezors in your prison pocket. The one with dogecoin in it on the outside. So if they ever do catch you, They just going to take the doge one. + + +3. Put some devil's lettuce in there too, Just to throw off the stench. + + +4. Walk with confidence. The TSA are really just there for show, So just walk like you don't have 2 crypto wallets and some weed inside your meat wallet and you'll be fine 🙂 +With the Price Cap rise in October and all of the supplier exits this year, kicking people off their fixed tariffs onto the Supplier of Last Resorts (SoLR) variable tariff it's certainly hitting a lot of people hard. However I find the press reports pretty much from the demographic of people struggling, mostly because alot of the surveys and research done are by consumer groups and charities so I thought it'd be interesting to see views from a mix of demographics. + +For me, I'm pretty happy now with my large supplier (Octopus) sitting on their Price Cap tariff but our energy bills have doubled following falling off a 2 year fix. Whilst it's affordable, I don't like the idea of spending over £100 a month on energy so early next year we'll be looking at efficiency measures, especially if the prices don't go down. Seeing the daily cost on my smart meter is pretty disheartening and it's only going to get worse next year. Probably looking at installing solar panels and a battery to begin with and a heat pump maybe in the future. + +So I guess what I'm asking: +1) Have your prices gone up? Is this affordable or putting a squeeze on your finances? Are you eligable/making use of any of the support schemes/grants available? +2) Are you worried about future Price hikes? Especially the Price Cap going up in April? +3) What's your feelings about suppliers at the moment, do you think you'll switch to smaller suppliers once it's competitive again or is a larger supplier safer? +5) Do you have a smart meter? Is it helping or hindering during the crisis. +4) Have you recently, or are thinking about, investing in energy efficiency measures such as Solar Panels? +I'm in the process of selling my small business to fund my retirement. I'm expecting to walk away from it with between £500k and £1m "cash" (i.e. not actually cash, but money in my bank account). + +The thing is, I've never had anything like that amount of money before. I've put the odd few £k into ISAs over the years, but obviously I can't put all of this into ISAs. I have no idea what other strategies there might be for managing a sum like this, or who to ask. + +Any suggestions? +Like the recent thread about what you spend your time on instead of money, I'd like to know what you think is worth paying for instead of spending time on. + +We've just started with a cleaning service every fortnight at £78 each time for a 4 bed 3 bath 3 reception room house. Takes the 2 cleaners 1.5 hours, but always takes me and my husband 3-4 hours. Is a lot of money for us but I hate cleaning (we still have to tidy, do dishes, clothes, organisation, etc anyway). + +Any other instances of cost instead of time that you've chosen? + +Edit: +A selection of your responses so far: + +- meals (takeaways /restaurants) +- food shopping & delivery +- potentially more expensive food/toiletries (instead of doing comparisons or trips to several locations) +- vegetable box delivery (instead of handpicking items) +- soup maker / bread maker machines +- pre-chopped vegetables + +- house cleaning +- ironing shirts +- drying clothes (tumble dryer) +- washing dishes (dishwasher) +- hoovering (robovac) +- outdoor window cleaning +- chimney sweeping +- fish tank cleaning + +- car washing (inside/outside) + +- DIY +- painting/decorating +- home contents removals (sometimes including packing) + +- body maintenance (eyebrows, hair, beard) +- gym membership (instead of working out at home) +- fitness lessons (e.g. Horseriding) + +- gardening (regular or just problem areas) +- mowing the lawn (robot lawnmower) + +- more direct/quicker transport (trains/flights/taxi) and less layover + +- more expensive technology +Since last December I've been getting irregular deposits into my checking account in different amounts totaling more than $4,000. The payment's description is "FIS_Prepaid Card Funds Trf". I've contacted my bank a number of times, but they say they have no information beyond the transaction description. I looked up FIS's number and contacted them, but they said they have no information and can't look up the deposits. + + +I have only one credit card and one debit card through my bank, and I've those that exclusively for the last 8 years. Before that I had an account with Wells Fargo. I've never had a prepaid debit card that I can remember, and certainly not one with $4,000 left on it. There have been no disputes of any charges on a debit or credit card in the last year, and I would remember anything outstanding for this much money. + + +I am being careful not to spend the money, since there is a good chance this is a mistake. Having to keep track of how much of my account balance is untouchable is annoying. How can I find out where this money is coming from and why? + + +The deposits don't seem to follow a pattern: + +Dec 19 - $1101.85 + +Dec 27 - $767.60 + +Jan 25 - $493.25 + +Mar 22 - $1739.86 + + +Edit: Thank you for all the advice, knowing what to ask and where to ask it should help! I'm going to pressure my bank tomorrow and ask for the full ACH deposit instructions and see if that leads somewhere useful. I'll try the FIS EFT Investigations division next. If that fails I'll ask my bank to open a fraud investigation and send them a **certified** letter. + + +**Final Edit**: The FIS phone number led nowhere. If you want to run around a hilariously automated system with no exits, I recommend it. Thankfully, my bank was more helpful. Once I started asked for ACH transaction details and the ID of the sender and stated they must have it, I was transferred to someone able to look up that information. They gave me a new company name (not FIS) and a trace number. Thank you /u/UGetDatThingiSentYa for the correct terminology! The new company was able to tell me the source of the payments and sort everything out. Thank you to everyone for the help, I had no idea this would be so popular! +Lads, + +I'm curious as to what most of you hold! + +I currently hold 4800 DIV stocks, DIV is a Canadian company, my highest stock amount. + +Being canadian I'd rather hold stocks that don't hold a percentage % of dividends when they're distributed. I'm still interested in what you lads have! + +I've dabbled in REITS and some ETFs, lookin to further expand my portfolio shortly. I'm not a super huge fan of crypto. + +Cheers :) +**Summary** + +[ComfyToken](https://www.comfytoken.com/) is a token for the people, by the people, for the sole purpose of #StayingComfy. + +One of a kind, unique tokenomics: 2%-30% Transaction Tax. The bigger the trade, the higher the tax. The idea behind these tokenomics is to discourage large movements and prevent whales and bots from manipulating the price, which leads to a **comfy** long-run hold. + +Every ComfyToken holder automatically receives reflection through the smart contract on the BSC network; more specifically, they receive a portion of fees back everytime a transaction occurs on the smart contract. The fee on every transaction is progressive, it is based on the size of each transaction relative to the circulating supply. + +**Tokenomics** + +Transaction fees are:2% if <= 0.001% of CS4% if <= 0.0025 of CS6% if <= 0.005% of CS8% if <= 0.01% of CS12% if <= 0.025% of CS16% if <= 0.05% of CS20% if <= 0.1% of CS24% if <= 0.5% of CS30% if > 0.5% of CS + +\*CS stands for Circulating Supply. Right now CS is \~930B. + +Half of the fee is added to the Pancakeswap liquidity locked (locked for 4 years). The other half is redistributed to holders (including the burn address --> so the supply is deflationary!) + +You have to usually add 2-5% over the transaction fee to get your order through, unless you're buying a large amount, in which case you will might need more! + +**Roadmap / Future** + +The roadmap is super comfy. One of the best I've seen. I tagged this as a "meme/shitcoin" to make sure Rule 7 isn't broken, but the roadmap lists several strong fundamentals/use cases already. You can find the roadmap on the [website](https://comfytoken.com) if you scroll down. Highlights include: advertising, AMAs, listings, audits, merchandise, community events, NFTs, and some other surprises :) + +The team has been very active and friendly so far on Discord / Telegram, and will be doing their first AMA soon. The community is already quite strong/comfy, and there don't seem to be any "wen lambo" moon boys around, which is really nice. Seems like most people are aiming for 500M+ MC (50x+ from here), so I could really see this token going places. The sliding scale tokenomics are truly a step above SafeMoon & copycats IMO. + +**Highlights / Links** + +* \~36 hours old and has already surpassed [1500 Holders](https://bscscan.com/token/0xC737B44CB0Aa18815a1F6918EB338dEe7e7E6bD7#balances) with little to no shilling (this is one of the first big social posts!) +* Chart: [https://poocoin.app/tokens/0xC737B44CB0Aa18815a1F6918EB338dEe7e7E6bD7](https://poocoin.app/tokens/0xC737B44CB0Aa18815a1F6918EB338dEe7e7E6bD7) +* Whitepaper: [https://www.comfytoken.com/whitepaper](https://www.comfytoken.com/whitepaper) +* Recent Medium Article further explaining the benefits of the Tokenomics and more about the Comfy Token: [https://comfytoken.medium.com/come-on-in-get-comfy-cf09ff8e69fb](https://comfytoken.medium.com/come-on-in-get-comfy-cf09ff8e69fb) +* Available on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xC737B44CB0Aa18815a1F6918EB338dEe7e7E6bD7](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xC737B44CB0Aa18815a1F6918EB338dEe7e7E6bD7) +* Discord: [discord.gg/comfytoken](https://discord.gg/comfytoken) + +**Website:** [https://www.comfytoken.com](https://www.comfytoken.com/) + +**Disclaimer:** not financial advice +Giving the current nature of the market and all the implications of loss and lack of recovery. How is this not considered a crash? People keep posting about the coming crash!? Is this not it? I’ve lost every stock I’ve invested.. +[Amazon has cut healthcare for part-time employees at Whole Foods.](https://www.cnbc.com/2019/09/12/whole-foods-to-cut-healthcare-for-1900-part-time-employees-in-2020.html) Before that, the deductible and price was going up. As healthcare becomes more expensive, this might be a trend. Those who are planning on healthcare from a part time job, like those planning on BaristaFIRE, would find it harder and harder to find a part time job that provides healthcare. Is BaristaFIRE still a reasonable plan? +There’s a lot of people anxious about what’s going to happen the next few weeks / months / years. Inflations running hot, feds increasing rates, economy shrunk by 1.4% last quarter, war in Russia, we just got out of a pandemic, bla bla bla. + +Listen, if you are wealthy enough to be investing any more into the market, then no matter what happens going forward, you’re going to win, save anything extreme happens like society ends. + +The US government has demonstrated it isn’t interested in regulating big money. That’s how we got the money printer on in the first place. Now we’re getting pathetic rate increases that most likely won’t go high enough to actually do anything about inflation. Meaning the solid companies you are invested in are going to start going back up at some point. + +Or they won’t, and the whole market crashes. Which isn’t good for everyone losing their jobs and house and stuff…but again…if you’re wealthy enough to be investing, it means prices for these assets like houses and good stocks come down with it. + +Focus on building emergency funds, cutting expenses, living with less. If you’re on an Internet forum about stocks you’re not as destitute as you think you are and you’ll probably be okay. +[**RegSHO** was implemented in 2004 by the SEC to address abusive short selling](https://www.sec.gov/investor/pubs/regsho.htm) + +It has been updated over the years to address various 'loop-holes' and other exploitative practices. These amendments have been largely ineffectual as naked short selling is still a systemic problem. + +## Regulation SHO + +[Source](https://www.sec.gov/investor/pubs/regsho.htm) + +"Compliance with Regulation SHO began on January 3, 2005. **Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling.** + +Due to continued concerns about failures to deliver, and to promote market stability and preserve investor confidence, the Commission has amended Regulation SHO several times since 2005 to eliminate certain exceptions, strengthen certain requirements and reintroduce the price test restriction.[\[5\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn5) + +As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: **the “grandfather” provision and the “options market maker**” exception. Due to continued concerns about failures to deliver, and the fact that the Commission continued to observe certain securities with failure to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the “grandfather” provision and in 2008 the Commission eliminated the “options market maker” exception. + +In addition, the Commission adopted temporary Rule 204T in 2008 and final Rule 204 in 2009, which strengthened further the close-out requirements of Regulation SHO by applying close-out requirements to failures to deliver resulting from sales of all equity securities and reducing the time-frame within which failures to deliver must be closed out. + +In 2010, the Commission adopted Rule 201 of Regulation SHO. Rule 201 restricts the price at which short sales may be effected when a stock has experienced significant downward price pressure. Rule 201 is designed to prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intra-day price decline, and to facilitate the ability of long sellers to sell first upon such a decline. + +Regulation SHO’s four general requirements are summarized below: + +* *Rule 200 – Marking Requirements.* Rule 200 requires that orders you place with your broker-dealer must be marked “long,” “short,” or “short exempt.”[\[6\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn6) +* *Rule 201 – Short Sale Price Test Circuit Breaker*. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies. +* *Rule 203(b)(1) and (2) –* *Locate Requirement*. **Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security**.[\[7\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn7) This “locate” must be made and documented prior to effecting the short sale. +* *Rule 204 – Close-out Requirement*. Rule 204 requires brokers and dealers that are participants of a registered clearing agency[\[8\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn8) to take action to close out failure to deliver positions. Closing out requires the broker or dealer to purchase or borrow securities of like kind and quantity. The participant must close out a failure to deliver for a short sale transaction by no later than the beginning of regular trading hours on the settlement day following the settlement date, referred to as T+4. If a participant has a failure to deliver that the participant can demonstrate on its books and records resulted from a long sale, or that is attributable to bona fide market making activities, the participant must close out the failure to deliver by no later than the beginning of regular trading hours on the third consecutive settlement day following the settlement date, referred to as T+6. If the position is not closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)[\[9\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn9) may not effect further short sales in that security without borrowing or entering into a bona fide agreement to borrow the security (known as the “pre-borrowing” requirement) until the broker or dealer purchases shares to close out the position and the purchase clears and settles. In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days.[\[10\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn10) Threshold securities are equity securities[\[11\]](https://www.sec.gov/investor/pubs/regsho.htm#_ftn11) that have an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC)); totaling 10,000 shares or more; and equal to at least 0.5% of the issuer's total shares outstanding. As provided in Rule 203 of Regulation SHO, threshold securities are included on a list disseminated by a self-regulatory organization (“SRO”). Although as a result of compliance with Rule 204, generally a participant’s fail to deliver positions will not remain for 13 consecutive settlement days, if, for whatever reason, a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for 13 consecutive settlement days, the requirement to close-out such position under Rule 203(b)(3) remains in effect." + +**TLDR on RegSho:** +RegSho had the right idea to make naked shorting much more difficult but it stopped short on a few key areas of actually having teeth:**1, Marking Requirements:** Trades must be marked Long, Short or Short Exempt: We know this is abused and the penalties/fines are meaningless to enforce the purpose of this marking rule. Strategically mis-marking a short as a long is a an effective naked shorting technique. + +**2, Locate Requirement:** +"broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security". This legal-speak is pretty much meaningless in enforcing that short sales that should not occur do not. Broker-dealers can almost always have confidence they can locate a borrow *somewhere/somehow* and at worst case through married put strategy. + +**3, Close Out Requirement:** +FTDs must be closed out on settlement date, these dates vary depending on the circumstance. This is perhaps the most important concept of the RegSho rule and it is completely ineffectual because 'close out' does not mean 'purchase security'. They can satisfy a 'close out' by just borrowing again aka 'kick the can down the road'. + +# NSCC’s Stock Borrow Program + +[Source](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +"When a broker is net short a stock, it has two days to locate and deliver a borrowed share to the purchaser and the purchaser has two days to deliver the money. However, there could be a situation as in the above case in which a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory at the DTC to cover the net short position. In this case, the broker has sold more shares that it has available as in the previous example in which Broker A is net short 1000 shares at settlement. Prior to the advent of the electronic transfer, if the buyer did not receive his shares by settlement day, they kept their money and undid the transaction. This is not the case under CNS because the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. I will explain later how this can be used to create counterfeit shares. + +Each member’s position at settlement (T+2), whether it is net short or net long, is known to the DTC. Let’s think of this in terms of stock XYZ. If the member is net short, the DTC compares the number of net short positions to shares of XYZ in the member’s DTC account to determine if the account at the DTC holds enough shares in it to settle the position. If there are enough XYZ shares in tis DTC account to offset the net short, these shares of XYZ are then sent to the DTC account of members who loaned the shares. + +If the member does not have enough shares in its DTC account to cover its obligation, the NSCC will borrow shares through the Stock Borrow Program. This program allows members with net long positions to lend out shares to members who are net short. A Prime Broker who has a net long position in XYZ can put them into the Stock Borrow program. This surplus can then be loaned to another Prime Broker who has a net short position to cover its deficit. Each day, members inform the NSCC as to how many shares they are willing to lend. The NSCC then determines how many shares it needs to borrow from members who are net long XYZ to cover the outstanding shares of members who are net short. Once the DTC establishes the number of shares it needs to borrow to cure the net shorts (failures to deliver) at settlement, it uses a formula to determine how the necessary shares will be borrowed from members who are net long. + +When the NSCC borrows shares from a lending member, it credits that member’s account with cash equivalent to the full market value of the securities borrowed.  The lending member earns interest on that amount while the stock loan remains outstanding. + +**Creating Counterfeit Shares through the Stock Borrow Program** + +There is a loophole in the stock borrowing program that allows for the creation of counterfeit shares. For the sake of example, let’s assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let’s look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share. + +1. Broker A transmits Hedge Fund A’s short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.) +2. The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal. +3. Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow. +4. If at T+2, the Market Maker still hasn’t found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B’s account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms. +5. The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC. +6. At settlement (T+2), Hedge Fund A’s account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B’s account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned. +7. Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ. +8. This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company. +9. Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO. + +If the Fail to Deliver is not corrected, there is another perplexing rub to this situation. Going forward, the NSCC system does not differentiate between counterfeit shares and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares. Also, the counterfeit shares can be voted in proxy issues pertaining to Company XYZ. I will explain how in a later blog." + +**TLDR on NSCC:** +OK so broker-dealers have FTDs at the DTCC and they need to 'fix' them. Different cases mean they have different time lines to resolve. The glaring problem is that RegSho just requires these FTD's are 'closed out' and does not specify what that means. + +The NSCC has decided that 'closing out' is really just a way of meeting that FTD with a borrow. The NSCC can go to the DTC and 'borrow' pretty much as many shares as they want and re-use them multiple times to satisfy multiple borrows. While they do this they generate very nice borrow fees! + +So, it is in the interest of the NSCC to keep the party going! They don't really want to 'force-buy-in' their members... They want to enable continuous FTDs and borrowing fees. The long holders of shares are also making money by having their shares lent out. So you basically have all the participants that are benefiting from this shady system. + +**CONCLUSION**: +As it stands the RegSho regulations are riddled with loop-holes that are exploited to no end. + +The DTCC, NSCC and DTC are all benefactors of resolving FTDs by using the SBP (Stock Borrowing Program) to generate fees and satisfy member FTDs. Long holders and shorts benefit in this system. Even though the DTCC, NSCC, may be enacting new rules in regards to FTDs, security collateral, margin requirements and such, they are not compelled to cause any stress on their participants from FTDs. If a short is margin called they can just post more collateral (like Treasuries), but their FTDs can basically remain endlessly can-kicked and infinitely reset. + +**IMO:** A MOASS will not be triggered by any regulatory change, rule change OR accumulated FTD or T+magic number settlement (they can can-kick this forever). + +The only possible mechanism of a MOASS is a **forced-buy-in.** The only time the NSCC would opt for this mechanism is if a Short failed a margin call (more collateral required). The only way a Short fails a margin call is if the price of their Short position tips them over. This is the only instance where the NSCC, DTCC and other participants will want to shield themselves from a certain Short Participants infinite risk. + +So, how can this happen? Simple! GME price goes UP! Ryan Cohen and team are transforming GME and you bet this is the greatest investment of the decade. These shorts are basically frogs in water and the heat is turning up. No specific time line - Just up! + + +# EDIT 9:30 PM 6/28/2021:Strap in for some wrinkles! + +I LOVE this community and the crowd sourcing of brain power. I don't think anything can stop this. + + +An ape, credit to [whiskerswhirled](https://www.reddit.com/user/whiskerswhirled), sent me a PM that SBP was discontinued in 2014: +[https://www.dtcc.com/\~/media/Files/pdf/2014/2/7/a7676.ashx](https://www.dtcc.com/~/media/Files/pdf/2014/2/7/a7676.ashx) + + +However, this program was replaced with the [**Collateral Loan System.**](https://dtcclearning.com/products-and-services/settlement/settlement-services/collateral-loans.html) + + +" **The Collateral Loan Program allows you to pledge securities** from your general free account **as collateral for a loan or for other purpose**s (such as Letters of Credit) **to a pledgee participating in the program**. You can also request the pledgee to release pledge securities back to your general free account. These pledges and releases can be free (when money proceeds are handled outside DTC) or valued (when money proceeds are applied as debits and credits to the pledgee's and pledgor's money settlement accounts). A Pledgee may, but need not be, a Participant. Only a Pledgee which is a Participant may receive valued pledges. " + + +"The guidelines for using the Collateral Loan Program are as follows: + +1. You can use the Collateral Loan Service function, the Computer-to-Computer Facility (CCF), or Message Queuing (MQ) to submit collateral loan pledges and release requests to DTC. Release returns are also available through CCF and MQ. However, release approval is available only through the Settlement User Interface. +2. You must ensure that the securities you are pledging are available in your general free account. +3. When a stock distribution requiring due bills is declared on securities pledged as collateral, the distribution automatically becomes additional collateral. +4. In the instance of a substantial cash distribution, for which an exchange or similar securities organization would require due bills to accompany stock certificates, for the amount of cash accruing on pledged shares, the Pledgee may direct DTC to pay such funds directly to it as partial repayment of the loan. Otherwise, such funds will be paid by DTC to the Participant. +5. At any time, the pledgee can direct DTC to deliver pledged securities (demand of collateral). +6. Voting rights are assigned to you for pledged securities." + +**TLDR:** The Stock Borrow Program just changed to the Collateral Loan System and members are all part of one big club borrowing eachothers stock. Notice how they talk above about what happens in the event of a 'cash distribution' (those are dividends) and it also talks about how record holders still maintain their voting rights even on lent out securities. + + +So the Collateral Loan Program is where we are now... But what's next? + + +# Enter: Security Financing Transaction (SFT) Clearing + +[SFT](https://www.dtcc.com/clearing-services/equities-clearing-services/sft) is just a NEW version of the Stock Borrow Program! +" The Depository Trust & Clearing Corporation (DTCC), through its equities clearing subsidiary, National Securities Clearing Corporation (NSCC)**, is constructing a new model for central clearing of equities lending and borrowing transactions**, leveraging its clearing capabilities, risk management and efficient infrastructure to provide the market with a bilaterally cleared **stock loan service**. The new Securities Financing Transaction (SFT) Clearing service is expected to launch in 2021, pending regulatory approval. " + +[Here's the fact sheet.](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf) + + +**TLDR:** +The Stock Borrowing Program was discontinued in 2014 and changed into the Collateral Loan System, which sounds SO much more serious. This is where we are today. + + +But the DTCC does not sleep while the rest of the world begins to figure out their huge fraud... They're unveiling a new system, SFT, which is basically all the same things as before but dressed up with a new name. +&#x200B; + +As we all know, the Dodd–Frank Act is a federal law that was enacted in 2010. The law overhauled financial regulation in the aftermath of the Great Recession. The Act also created a new agency, the Financial Stability Oversight Council (FSOC). + +The FSOC, chaired by the Secretary of the Treasury, *brings together the expertise of the federal financial regulators, an independent insurance expert appointed by the President, and state regulators. The Council has a clear statutory mandate that provides new accountability to Congress and the American people by identifying emerging threats to financial stability and to coordinate regulatory actions to address them. The Council has important new authorities to constrain excessive risk in the financial system.* + +The Council is made up of 10 voting members and 5 nonvoting members. + 7 of the 10 voting members were in attendance at today’s meeting with Biden: + +1) Janet Yellen, the [Secretary of the Treasury](https://home.treasury.gov/about/general-information/officials/janet-yellen) who serves as the Chairperson of the Council; she’s a former **Fed** boss and replaced Bernanke, who’s been an employee of Citadel since 2016. She also happens to have received speaking fees from Citadel, Goldman Sachs, Barclays, and UBS during 2019 and 2020. She acknowledges receiving speaking fees from Wall Street banks in 2018 but doesn’t say how much those fees amounted to. Yellen has been dubbed the most powerful woman in the world. + +2) Jerome Powell, [the Chairman of the Board of Governors of the Federal Reserve System](https://www.federalreserve.gov/aboutthefed/bios/board/powell.htm). The **Fed** chief. Powell spent decades managing banks and private equity firms. *In November 2020, as markets reached record valuations – despite a weak economy, divided Congress, and trade wars –* [*Bloomberg*](https://en.wikipedia.org/wiki/Bloomberg_L.P.) *called Powell "Wall Street's Head of State", as a reflection of how dominant Powell's actions were on asset prices, and how profitable his actions were for Wall Street. Powell's close associations with shady figures such as Jamie Dimon (CEO of JPMorgan Chase and 5-time felon) have been criticized by congresswoman Katie Porter, who exposed how the Fed chiefs of past and present have used their position to pay off the big banks' debts using taxpayer money, and to make sure their interests were never in jeopardy.* Representing JPMorgan Chase as outside counsel in the matter were lawyers from Kirkland & Ellis (the law firm with which Trump’s former Attorney General William Barr was associated before coming to the Justice Department) and lawyers from Sullivan & Cromwell, where Trump’s former SEC Chairman Jay Clayton was a partner before taking the lead at the SEC. + +3) Michael J Hsu, [the Comptroller of the Currency (OCC);](https://www.occ.treas.gov/about/who-we-are/leadership/index-leadership.html) (the administrator of the federal banking system) “*We ensure that the banks we supervise operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations*”. The OCC operates under the Treasury Dept. Yellen picked Hsu, a low-level employee at the Fed, to serve as Acting Comptroller of the Currency. The OCC oversees the most dangerous megabanks on Wall Street and reports on their hundreds of *trillions* of dollars in derivative trades. Hsu quickly turned around and appointed Benjamin McDonough as the OCC’s Senior Deputy Comptroller and Chief Counsel. Where had McDonough come from? the Legal Division of the **Fed**eral Reserve. + +4) Dave Uejio, the acting Director (until Biden’s nominee Rohit Chopra is confirmed by the Senate) of the [Bureau of Consumer Financial Protection](https://www.consumerfinance.gov/) (CFPB); This government agency’s job is “*dedicated to protecting consumers from unfair, deceptive, and abusive practices, in the financial* marketplace, through the enforcement of federal consumer financial law”. Uejio began his career for the US government in 2006 at the NIH, then for the Department of Defense, prior to his first role at the CFPB. That is all the info I could find about him online. + +5) Gary Gensler, [the Chairman of the Securities and Exchange Commission (SEC);](https://www.sec.gov/Article/about-commissioners.html) Former investment banker (Goldman Sachs), Chair of the Commodity Futures Trading Commission (CFTC), and former Treasury Dept official. If you are not familiar with the MF Global scandal, read it [here](https://thedig.substack.com/p/gary-gensler-is-not-the-guy). This will make you doubt that Gensler is the tough regulator he’s portrayed to be. Another reason to doubt Gensler’s willingness to do anything of substance at the SEC: He picked Alex Oh as head of Enforcement. Oh worked for 2 decades as an attorney for Paul, Weiss, Rifkind, Wharton & Garrison, the law firm that major Wall Street banks (Citigroup, Deutsche bank, etc) repeatedly choose to fight their serial fraud charges. Brad Karp is the Chairman of Paul Weiss. He has donated millions and lobbied for years to make sure the government doesn’t appoint regulators and prosecutors who will bring his corporate clients to heel. If you’re not sick to your stomach that Wall Street’s top watchdog has been a completely captured regulator under both Democrat and Republican administrations for decades, then you’re simply not paying attention. Btw, the SEC still has not designated a Director of Enforcement. The current "Acting" director, Melissa Hodgman, is the wife of former FBI agent Peter Strzok, who led the investigation into Hillary Clinton's use of a personal email server. + +6) Jelena McWilliams, [the Chairperson of the Federal Deposit Insurance Corporation (FDIC);](https://www.fdic.gov/about/learn/board/mcwilliams/) “*An independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection*”. McWilliams has a law degree. She worked for private firms, then for the **Fed**. McWilliams worked in the United States Senate for six years, first as assistant chief counsel for the Small Business and Entrepreneurship Committee and then as chief counsel and deputy staff director for the Committee on Banking, Housing and Urban Affairs. At the banking committee, McWilliams worked with chairpersons Senator Richard Shelby (R, Alabama) and Senator Mike Crapo (R, Idaho) on, among other issues, the implementation of and *efforts to rework or repeal the 2010* [*Dodd-Frank*](https://en.wikipedia.org/wiki/Dodd-Frank) *banking-regulation reform act.* It sounds like a conflict of interest, doesn’t it? Working to repeal Dodd-Frank and then becoming a voting member of the Financial Stability Oversight Council, which was created by Dodd-Frank to regulate banks. + +7) Rostin Behnam, the “Acting” [Chair of the Commodity Futures Trading Commission (CFTC);](https://www.cftc.gov/About/Commissioners/RostinBehnam/index.htm) According to his profile on the CFTC website; “*Behnam advocated for the CFTC to use its authority and expertise to ensure the derivatives markets operate transparently and fairly for participants and customers”.* Given the CFTC’s importance, it’s puzzling that President Biden has yet to nominate a chair. The Commodity Futures Trading Commission has been without a permanent chair since President Joe Biden took office in January. “Acting” leadership positions are not sufficient. Since Biden took office, the acting CFTC chair and the acting director of enforcement have made few public statements to indicate the direction the CFTC will take in the new administration. The CFTC also has a number of unfilled positions in senior leadership, including director of the Enforcement Division and general counsel. There have been no statements about CFTC’s enforcement priorities or what the markets can expect. So here is a powerful market watchdog with no dogs to watch the market!! + +TL;DR: The government, its regulatory agencies, and especially the Federal Reserve, have been allowing Wall Street criminal behavior to continue due to conflicts of interest and greed. GME has exposed how financial institutions manipulate the markets through naked short selling, dark pools, swaps, and other types of fraudulent activities. Retail investors can change the status quo by buying and holding GME shares until the SHFs are forced to cover. +Tenant moved in about 6 months ago. First three months was no issue. Rent was paid in time. The last three months have been a problem. Tenant informs me this month that they lost their contract job and paid only a third of the rent. Promised the rest the next day and have gone radio silent since then (Thursday last week). Have tried contacting them with no success. Planning on going to the property tomorrow. It’s a half hour drive so no big deal. However should I start the removal process? That is send notice to vacate? After next week they would owe $2700 in rent with $1k 30 days past due. I feel like the tenant will not be able to pay everything in a week hence my thoughts of starting the removal process. In fact I could make slightly more in rent if they’re gone. +"From March 2020 through March 2021, I was head trader at Archegos Capital Management. During this time, I and others executed trades that allowed the fund to amass market power and certain securities traded on U.S. exchanges. Archegos used security-based swaps to gain exposure to these securities while concealing the true size of the fund's positions from the market and our trading counterparties." + +Proof that the public figures for short interest are a lie. If they did it, everyone is doing it. + +Sauce pg 181: https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf +Seriously dudes/dudettes. If you are running the algos, databases and server farms, you need to protect yourself. You need to contact the SEC and get whistle blower status. + +https://www.sec.gov/whistleblower + +You can get wealthy and get immunity from the illegal crap you have been doing. Otherwise, I feel sorry for you, but I don't want you shown any mercy. I once worked for 5 years in financial IT as a developer. I didn't do anything shady like some of you are involved in, but I did see technically how you can do what you do. Especially when directed to do so. + +You need to whistle blow and hope you can get protection from what is coming. + +* don't really see a flair for this, so I will add "What do you all think?" so I can flair it with "Discussion / Question" +Propping the stock market up with another (useless) round of quantitative easing is not going to create jobs or drive the economy away from the seemingly inevitable double dip. What we need now is to fix our roads, invest in high speed rail and other large scale infrastructure programs. We continue invest heavily in the defense of our country, even as it crumbles from within. + +[This](http://investmentwatchblog.com/analyst-qe2-has-created-maybe-700000-full-time-jobs-%E2%80%94-at-a-cost-of-around-850000-each/) article states that around 700,000 jobs have been created thanks to QE2 - the rough cost? Around $850,000 per job. I wonder what $600 billion in direct government investment would have done for the economy? +There's an old story in Panchatantra, a collection of ancient children's stories in India that goes like this: + +The scene is set in a thick forest where greenery is plentiful and animals are chilled. Animals are at peace all doing what they do best. + +The fox is bored with this lovely life. Decides to cook up a story to have some fun. + +Says that there's a feast on the other side of the forest and starts running "towards it" and as he meets more animals, convinces them that they need to join him in the sprint to the feast. Initially hesitant, they join in for the treat, first a few hungry ones and then, as the word gets around, more and more, even the healthy ones. + +A large number of animals are now desperately running "to get to the feast" ... Which they believe to be true since "someone told them about it". + +Having achieved what he set out to, the fox decides to chill, stop running and enjoy the panic. He loves his creation. Laughs at the foolish animals who are headed to the invisible feast. "How clever" he thought of himself as he sat in the comfort of his favourite tree, seeing the huge crowds run. + +Days become weeks and months and an increasing numbers of animals are "rushing to the feast". Continues unabated. + +After a while, when this gets boring, the Fox tries to tell them that it's all a made up story and there is no such feast, and it's all make believe. But none of them will have it. They're only increasing their numbers and pace. Some think the fox is trying to talk them out of the feast for his own selfish gains or that he's too lazy to participate in the feast. + +He can't seem to ignore that the crowds are increasing with days. Finally one day the fox thinks "I know there isn't any real feast, but WHAT IF IT'S TRUE"?! + +The fox decides to join the run too. + +This story has nothing to do with the bull run, since this was set before shares and options were invented. Just saying. +TLDR: Remind yourself of why you are holding, hold, & buy more! + + +Seriously, + +If you are feeling stressed out or worried at all, take a deep breath and read this as a breath of fresh air and a little reassurance that you are making a great investment (some would say the best investment of your lifetime). + +Shorting a stock costs money. The hedge funds are paying interested EVERY SINGLE DAY to hold their existing shorts positions as well as continuing to add to their short positions. + +This means that regardless of where the stock moves in the short term, they are bleeding money daily. Lots of money. This means that every single day THEY ARE GETTING CLOSER TO A MARGIN CALL. + +When will this happen? Who really cares! This is irrelevant information. The BEST POSSIBLE THING WE CAN DO IS TO CONTINUE TO BUY AND HODL! I know you have heard that just about as many times as the stock will become dollars. + +But seriously… + +BUYING keeps upward pressure on the stock. +BUYING allows us to gain more of the float. (how many more times of the float is anyone’s guess) +BUYING increases the size of our future wallets. + +HODLING keeps them paying interested. +HODLING foils their plans. +HODLING guarantees the squeeze. + +Lastly, of course I can’t wait for the price to start moving up and not stop. But know that sideways and even downward movement is still okay, and I would even go as far as to say IT’S BULLISH! + +I’m holding because I can. +I’m holding because I care. +I’m holding because I am tired of hedge funds controlling the market. +I’m holding because I trust Ryan Cohen. +I’m holding because I believe in the trajectory of the company. +I’m holding because I like the stonk. +I’m holding for my family. +I’m holding to further the mission of God. +I’m holding for lots of reasons. + +Remember why you are holding and keep doing it! + +Don’t take my advice. It’s not financial advice. Find a different adviser. I don’t even know my favorite color crayon. + +💰💰💰💰💰💰💰💰💰💰💰💰💰💰🚀 +(rocket carrying all my money bags) + +Edit: added TLDR +Last weekend, I went looking for Australia’s smallest market cap companies and found some odd bods kicking around at the shallow end of the ASX: https://www.reddit.com/r/ASX_Bets/comments/ntkrje/not_quite_dd_australias_smallest_market_cap/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +However, my DD was not sufficiently diligent. As one commenter pointed out, the company I thought was the smallest is dual listed in the US, so not as small as I thought. A trap for young players plotting a takeover bid, to be sure. + +So, again wading through zombie listings suspended from trading, investment vehicles, tickers with a couple of added letters that mean something (but not to me) and other random artefacts of capitalism, I think I might have found the genuinely smallest market caps. + +Along the way, I came across a few promising companies that sadly turned out to be suspended from trading. + +For instance, there was Cougar Metals Ltd (CGM). Having failed to capitalise on an (in hindsight obvious) opportunity to make a cougar investment in my young and single days, owing to poor due diligence, I thought there might be an opportunity to redeem myself. But sadly not, as this cougar is off the market. There was however this gem from the company’s description: + +*CGM's Principal Activity is the the geological review of the Pyke Hill Nickel Cobalt laterite deposit, Preliminary geological assessment of the Plateado Cobalt Project in Chile and the Ceara Lithium Project in Brazil, Ongoing arbitration regarding the Vohitsara graphite project & a dispute with the Company's joint venture partner DNI Metals Inc (DNI) and Finalisation of arbitration proceedings with Kenora Prospectors & Miners (KPM) over the KPM property in the Shoal Lake Region of Ontario, Canada.* + +I suggest that if an ongoing dispute is a principal activity of the company, things are perhaps not going as well as we might like. + +Then there was EON NRG Ltd (E2E), a speccy oil and gas concern. Interestingly if you had $13.96 last year you could have bought an oil and gas field in Wyoming from them (and presumably assumed some associated debt obligations). Sadly after doing that research I realised I had missed its ongoing suspension from trading. + +Given that fail, at this point I strongly reiterate my earlier advice that you should not take anything I say as investment advice. + +**Que? Did you find one though?** + +I think so. And so, I bring you: Queste Communications Limited (QUE), market cap $1,488,978 and closing price Friday of $0.055. + +What does it do? Well, it is a pleasingly diversified concern, describing its principal activities as: + +* QUE's Principal Activity is the management of its investments, including investments in listed and unlisted securities, real estate held for development and resale, and an olive grove operation.* + +So…this might be another investment vehicle, but for the fact that there appear to be shares being traded, and therefore you and I could get in on the diversified real estate and olives caper if we wanted to. + +Mightn’t be the worst investment either, being apparently up 103.7% YTD (according to MarketIndex) and 37.5% in a month. However, it apparently lost $807k last financial year. How much do you like olives? + +I note that despite the name there doesn’t seem to be any communication related enterprise going on, but hey…olives. And given my history of DD I probably just missed that bit. + +So there you have it. I think QUE might be Australia’s smallest market cap, single listed, not suspended from trade, going concern company. You can do your own DD on its website at: http://www.queste.com.au + +*Info sourced from ASX and MarketIndex. For the love of God, do not make any investment or life decisions (eg. Cougars) based on anything I wrote here. DYOR.* +So i'm one of those Autist's that bought 8000 shares of NVX at an average price of $1.341... WTF do i do boys? Strap in and hope that daddy Elon can take me to the moon 🚀🚀🚀? Or buy high and sell low 😂? + +God i'm a retard... +Honestly, what is it? + +They not selling anything. They are leeching of the already razor thin margins in retail sector. It is not sustainable to give out free credit to the masses. It is not a novel idea either, any bank can roll out a better system in a few months. Hell, some already did like commbank and ANZ. + +How are they gonna graduate from the margin ceiling of around 3% (This is the fee they charge businesses)? + +Will they become a virtual bank? Then they need to be regulated like one. Which will bring in more cost. + +EDIT: +To add on above: + +How is BNPL model any different than the traditional invoice factoring loans? + +To those new to this term. factoring is when a business sells its invoice to another party at discount to release the tied up funds. + +For example, a customer buys a $3000 iphone from JB LoFi on a 24 months payment plan ($125/month). Shop A had a sudden need of cash so they sell the invoice to another shop or factoring company at a 3% discount (call this business PayAfter) + +JB LoFi gets cash right away but loses 3% of the factor discount amount. ($3000*3%=$90) + +PayAfter now chases up the customer for the full $3000 in the next 24 months (revenue of $90) + +Mind you this model is as ancient as capitalism itself. Factoring is recorded to finance the first US pioneers back in 1600s. + +_____________ + +Tell me how does our present day BNPL is any different than invoice factoring? Heck even the fee is same! According to lend.com.au <https://www.lend.com.au/invoice-finance-factoring>, factoring rate is around 1.5%-4.5% for an invoice 30 days outstanding. BNPL charges around 3%. Hurm I wonder why..... something something the business knows they can get similar rates elsewhere. +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) +Freetrade is a brokerage platform in the UK that charges $0 brokerage on trades, has an FX rate of 0.35% (much lower than most) and will offer fractional shares. Its launching in Australia soon and was wondering if it seems to good to be true. (It has also won the british bank awards 'best online trading platform' 3 years in a row, dont know if this is a legit award or not.) + +[https://freetrade.io/au](https://freetrade.io/au) +Note that after the MOASS, we will allow all gains/loss posts. This is temporary til we get the tendies, and mostly an attempt to prevent FUD during the MOASS. + +EDIT: 80% upvoted... do 20% of you really hate this poll or is that shills talkin? Also, notice we have about 350 poll responses and only 31 upvotes. + +[View Poll](https://www.reddit.com/poll/myovu2) +What's **Lipocine** ? + +Lipocine is a clinical-stage biopharmaceutical company focused on metabolic and endocrine disorders using its proprietary drug delivery technologies. Lipocine's clinical development pipeline includes: **TLANDO**, **TLANDO XR**, **LPCN 1144**, **LPCN 1148** and **LPCN 1107**. [Pipeline!](https://www.lipocine.com/pipeline/) + +https://preview.redd.it/cndejxpl32c61.png?width=2087&format=png&auto=webp&s=e6bd0a5721e177bddf61ba3d05b7e2a6824afacc + +LPCN's three current markets, enabled by its patented technologies and formulations, are: + +* ***Testosterone Replacement*** +* ***Liver disorders such as NASH and Cirrhosis*** +* *Prevention of Preterm Birth* + +We're going to focus on the first two. I've been gathering up informations and I'll explain why retail investors like ourselves should be excited about this company. + +**TLANDO** aims to be a key player into the Testosterone Replacement Therapy **TRT**, for people affected by *Hypogonadism* (low testosterone). The incidence of **diagnosed low testosterone** is extremely high, at **about 6 million men in the U.S. alone, and estimated at up to 20 million men in just the U.S. including the undiagnosed.** What's more, of the diagnosed patients, only 1/3 of them are currently receiving treatment. The global testosterone replacement therapy (TRT) market has been [estimated](https://www.transparencymarketresearch.com/testosterone-replacement-therapy.html) at **$1.6 Billion in 2018, expanding by a CAGR of 4.4% to 2027.** + +Ok but what about competition in the TRT market? Lipocine's direct **competitor** is Clarus Therapeutics (currently trading at 15$ x share), which already has the only oral testosterone therapy currently on the market, called **JATENZO.** Clarus was the first to get approval from the FDA and has its own patent. Seems like game over, right? **NO**. **Clarus** ***own*** **patent relating to oral testosterone was declared invalid by the U.S. Patent Trial and Appeal Board (PTAB), and the decision was** [**upheld**](https://ir.lipocine.com/2020-04-09-Lipocine-Announces-US-Court-of-Appeals-for-the-Federal-Circuit-Affirms-Decision-of-USPTO) **by the U.S. Court of Appeals for the Federal Circuit.** + +[https:\/\/finance.yahoo.com\/news\/lipocine-announces-uspto-declaration-interference-130000335.html ](https://preview.redd.it/x7d2b4un72c61.png?width=2494&format=png&auto=webp&s=6740c09734b9698d0bd0a071a6bbe0ddf0ee7f8b) + +&#x200B; + +* Interference No. 106,120 **decided in Lipocine's favor** and resulted in the cancellation of Clarus application 15/723,976. +* Interference No. 106,045 **decided in Lipocine's favor** and resulted in the cancellation of Clarus patent 8,828,428. + +After Clarus sued LPCN for patent interference, and then got its *own* patent thrown out, LPCN counter-sued Clarus, alleging that Clarus is violating four (streamlined from six) of LPCN's patents on its drug delivery technologies and oral testosterone product, TLANDO. **LPCN has been successful in court thus far**: The company won dismissal of the suit against it. Then, Clarus' patent was tossed out by the PTAB, and the appeal of that ruling was upheld in Federal Court. + +**Now, the main event would have been a jury trial scheduled for February 8th 2021** [https://ir.lipocine.com/2020-12-29-Lipocine-Announces-Update-on-Jury-Trial-in-Patent-Infringement-Lawsuit-Against-Clarus-Therapeutics](https://ir.lipocine.com/2020-12-29-Lipocine-Announces-Update-on-Jury-Trial-in-Patent-Infringement-Lawsuit-Against-Clarus-Therapeutics) but it was delayed due to Covid19 [here](https://www.lipocine.com/news-article/lipocine-announces-update-on-jury-trial-in-patent-infringement-lawsuit-against-clarus-therapeutics/) . So we need a little patience. + +If Clarus loses the case, **LPCN could likely get Clarus Jatenzo product pulled from the market**, and Clarus could be liable for plenty of damages. If Jatenzo doesn't get removed, TLANDO is still going to get his market share nonetheless. Keep in mind TLANDO is going to be launched in the market in March 2022 (could be way sooner If Clarus loses I guess) [https://seekingalpha.com/pr/18115258-lipocine-announces-tentative-approval-of-tlando](https://seekingalpha.com/pr/18115258-lipocine-announces-tentative-approval-of-tlando) "until the expiration of the exclusivity period previously granted to Clarus Therapeutics". + +What's next? **LPCN 1144 !** + +LPCN1144 is a candidate to reduce Non-Alcoholic Steatohepatitis ([NASH](https://www.mayoclinic.org/diseases-conditions/nonalcoholic-fatty-liver-disease/symptoms-causes/syc-20354567)) + +https://preview.redd.it/s3berfspb2c61.png?width=2514&format=png&auto=webp&s=31da9bbacbf39c5ab9f5dffab577feaa6652a08b + +In *the U.S. alone*, of the estimated **17 Million NASH patients**, LPCN is targeting the approximately *3.5 Million male NASH patients* with a NASH score of F2 to F3, representing moderate to advanced fibrosis of the liver. + +To date, **there are no FDA approved treatments for NASH in the U.S.**, meaning the market need is great and the field is open. + +[https://www.prnewswire.com/news-releases/lipocine-announces-open-label-extension-to-ongoing-lpcn-1144-lift-study-301199071.html](https://www.prnewswire.com/news-releases/lipocine-announces-open-label-extension-to-ongoing-lpcn-1144-lift-study-301199071.html) + +https://preview.redd.it/2zcf1ae8c2c61.png?width=2493&format=png&auto=webp&s=b172e951cb3d94d12004a65602e3a5e02c0decec + +**LPCN was expected in December to provide top-line results** of its Phase II trial of LPCN 1144 in NASH **in January of 2021**. + +https://preview.redd.it/8gd19e7tc2c61.png?width=2314&format=png&auto=webp&s=6198b065aa1b1378e7be3552dc304ed63ffdefd9 + +Not only did taking LPCN 1144 reduce (and in half the cases, *resolve*) fatty liver disease, but the study also showed that LPCN 1144 markedly reduced signs of liver injury. + +I said "**was expected**".. well **it delivered** **January 12th** [https://www.lipocine.com/news-article/lipocine-announces-positive-topline-phase-2-results-from-lpcn-1144-ongoing-lift-study-in-biopsy-confirmed-nash-subjects/](https://www.lipocine.com/news-article/lipocine-announces-positive-topline-phase-2-results-from-lpcn-1144-ongoing-lift-study-in-biopsy-confirmed-nash-subjects/) **"We are pleased by the top-line results from our** ***LiFT*** **study, which we believe demonstrate the potential for oral LPCN 1144’s to be used in treating NASH,"** said Dr. Mahesh Patel, Chairman, President and CEO of Lipocine Inc. "Additionally, NASH ***patients are likely to have compromised androgen signaling with associated sarcopenia, skeletal fragility, sexual/mood disorder, and anemia. Therefore, we believe LPCN 1144 therapy has the potential to provide additional benefits such as improved bone density and muscle mass as well as improvement in sexual/mental disorders. We look forward to sharing 36-week biopsy data from the*** ***LiFT*** ***study in mid-2021***," said Dr. Patel.  + +The market still hasn't priced in such an accomplishment in my opinion. + +**MANAGEMENT OVERVIEW:** + +&#x200B; + +[gang since '97](https://preview.redd.it/eqviu9cdnac61.png?width=2503&format=png&auto=webp&s=ec3ca7116aa648e67b0bd7e6820208950bd97fb3) + +&#x200B; + +[CFO's super solid background](https://preview.redd.it/1qe8h4uinac61.png?width=2477&format=png&auto=webp&s=ddb7a27202aedeb7a2e712a6721e9dde75571185) + +&#x200B; + +[CMD ex Pfizer & Novartis!](https://preview.redd.it/t2fzs01knac61.png?width=2452&format=png&auto=webp&s=774f5fab5d59b09c87c90835df6d8e61b1d9f436) + +&#x200B; + +**Now onto the sentiment & analysts coverage on this company:** + +[**https://www.investorsobserver.com/symbols/lpcn**](https://www.investorsobserver.com/symbols/lpcn) + +https://preview.redd.it/koo561nhd2c61.png?width=1667&format=png&auto=webp&s=93e41cfb779e28fb56aaf1e9c2b8675298961002 + +At this current price, forecasts see a ***LOW*** valuation at ***3$***, a ***MEDIUM*** at **$5.33** and a ***HIGH*** of ***10$***, +85% +229% +517% respectively. Huge upside. It gives you an idea of how much this company is undervalued and how much it is misunderstood from the market. + +&#x200B; + +https://preview.redd.it/d599fjote2c61.png?width=1939&format=png&auto=webp&s=208ff694d882635d21c164b7afd4b439d5542219 + +**PRICE TARGET UPGRADED AT 3$ IN DECEMBER 2020** + +[https://www.benzinga.com/news/20/12/18730459/ladenburg-thalmann-upgrades-lipocine-to-buy-announces-3-price-target](https://www.benzinga.com/news/20/12/18730459/ladenburg-thalmann-upgrades-lipocine-to-buy-announces-3-price-target) + +&#x200B; + +https://preview.redd.it/q2k6rjfye2c61.png?width=1574&format=png&auto=webp&s=651400dae08b11a2a4b0a4c0d6fbc80cacfb1c37 + +[https://www.directorstalkinterviews.com/lipocine-inc.---consensus-indicates-potential-275.4-upside/412953822](https://www.directorstalkinterviews.com/lipocine-inc.---consensus-indicates-potential-275.4-upside/412953822) **JANUARY 18TH 👇** + +&#x200B; + +https://preview.redd.it/1unxgmylq4c61.png?width=1237&format=png&auto=webp&s=07f4cda8571f8d1d7e47e63dc6355f806e9711a9 + +[https://www.nasdaq.com/market-activity/stocks/lpcn/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/lpcn/institutional-holdings) + +&#x200B; + +https://preview.redd.it/apuek6z5f2c61.png?width=1670&format=png&auto=webp&s=3c5771fe5e0d1a8f99d1c6c7362a162ba4d6c79d + +[https://www.marketbeat.com/stocks/NASDAQ/LPCN/price-target/](https://www.marketbeat.com/stocks/NASDAQ/LPCN/price-target/) + +https://preview.redd.it/uc7u9gkfi3c61.png?width=2287&format=png&auto=webp&s=3bae918f95e27c6ea9d234251fa65e63f528ce00 + +I genuinely think this company has a bright future. I tried to summarise all the useful info and I invite you to read this amazing article by Croatan Capital on Seeking Alpha [here](https://seekingalpha.com/article/4394643-lipocine-imminent-catalysts-in-nash-and-oral-testosterone-replacement-therapy-make-for-strong) , grabbed a lot of info from it so I need to give credit to them. Please do your own DD, trade carefully and invest only what you can afford to lose. I'd like to hear what the one and only /u/theWalrusSC2 thinks about this, he's the best DD'er out there hands down (1st YouTuber who called BNGO, 1st Youtuber who called CHEK)! Let me know guys what you think, **especially if you know any negative aspects about the stock.** + +**Pacho Out** +Has anyone heard about [this developing story? ](https://blog.twinstate.com/news/ge-trade-secrets-theft) + + +GE suspected this employee of stealing as far back as 2014 and didn't do anything about it until last year. Apparently the FBI raided this guys house and discovered a guide book from the Chinese government that helped him to steal all this data from GE. Sounds like there could be a massive Chinese program to steal intellectual property from America. +If you are reading this, chances are your account is down money. For some people you may be down more than you have ever been, and/or down more than you thought was even possible. + +If this is the case, take a moment, or the entire weekend and think about how you are investing. All of the trades you have put on, whether they are wheel-related (CSP, CCs etc) or other premium sales (strangles, iron condors, etc) have risk profiles that you accepted when you decided to put the trade on. Remember that the one and only time that you have complete and total control of your trades is at order entry. You choose the DTE, strike price, premium collected etc. After that, the market gets some say. + +And let that guide you how you handle things on Monday. Some people on here may be fine with the idea of waiting for the recovery. Other people may realize that these positions have more risk than they realized and close them out. There are also steps half way in between. Maybe you decide that you will close half of your position and let the remainder stay on. + +My portfolio is down this week, but none of my positions are so far down that i'm concerned about them. Some of the screenshots i've seen here tell me that isn't the case for everyone. + +Selling premium is a winning trading strategy over time that has been back tested infinite different ways. But that doesn't mean you don't have losing trades along the way, and the key is to not have them blow out your account so that you can't keep trading in the future. + +Now go have a beer, smoke weed, or whatever you do to relax and be ready for when the futures market opens back up on Sunday afternoon to make some money. +Edit: "executive chairman" not CEO... + +You've probably read this: [https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola](https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola) + +But if you haven't, the inevitable appears to be happening. IV is skyrocketing on this as the stock tanks premarket, but be friggin careful lads. Hard to borrow fees on this monster were like 600% earlier in the summer so don't get caught on the short side of calls if it climbs back up. + +I'm probably going to sell far otm call credit spreads or even like $5 strike puts at this point. Is it going to tank to nothingness? Probably, but that doesn't happen instantly. Could zig-zag quite a bit until then. + +All I know is, the Oct16 IV is like 220% and I like that. +If you are reading this, chances are your account is down money. For some people you may be down more than you have ever been, and/or down more than you thought was even possible. + +If this is the case, take a moment, or the entire weekend and think about how you are investing. All of the trades you have put on, whether they are wheel-related (CSP, CCs etc) or other premium sales (strangles, iron condors, etc) have risk profiles that you accepted when you decided to put the trade on. Remember that the one and only time that you have complete and total control of your trades is at order entry. You choose the DTE, strike price, premium collected etc. After that, the market gets some say. + +And let that guide you how you handle things on Monday. Some people on here may be fine with the idea of waiting for the recovery. Other people may realize that these positions have more risk than they realized and close them out. There are also steps half way in between. Maybe you decide that you will close half of your position and let the remainder stay on. + +My portfolio is down this week, but none of my positions are so far down that i'm concerned about them. Some of the screenshots i've seen here tell me that isn't the case for everyone. + +Selling premium is a winning trading strategy over time that has been back tested infinite different ways. But that doesn't mean you don't have losing trades along the way, and the key is to not have them blow out your account so that you can't keep trading in the future. + +Now go have a beer, smoke weed, or whatever you do to relax and be ready for when the futures market opens back up on Sunday afternoon to make some money. +Title says it all. Basically, I want to start buying SPY indefinitely while using options as a way to generate premium in order to set up long puts as hedge. At a high level, I am hoping to buy a share and set up a low delta (16-20) / 45 DTE credit put spread every time SPY dips 1%. Then, when SPY hopefully rises after that, I'd purchase a cheaper long put as a means to hedge, converting my position into a ratio put backspread. I am curious, however, as to what you guys would do if SPY were to just keep on freefalling after hypothetically buying a share(s) and selling a credit put spread. Would you close for a loss? Would you immediately purchase a put? Wondering what the most optimal strategy would be here. Or even if you guys have another approach, I am interested in learning about that as well. Thanks +After a long time of Swing trading and scalping it's just too much maintenance and too much emotional trouble. I'm going completely Theta gang and only shorting premiums on SPY. + +I've read a lot of books like trading in the Zone by Mark Douglas and watch many YouTube videos. + +To all those wonderful veterans on this sub what advice has kept you profitable in the long run? + +My strategy is modeling support resistance and shorting daily one SD away put or call. Small ball but it's all I have time for with my work schedule. +A chaotic week that left me a bit spun around. I've been largely frozen into place for a couple weeks, turning things around in my own mind, and unable to break out of the doldroms. I forsee that hanging around next week too, but come May I want to find various new things to look at. To help that, I'm going to stare at some charts and note what I see, but first, a quick recap. + +# This Week + +I was watching the market this week and I just wasn't sure how it'd go. There was "the new guidance \[that\] changes the way many broker-dealers will be characterized as not being subject to the full requirements of SEC Rule 15c3-3 in their FINRA membership agreements" ([more details here](https://www.sidley.com/en/insights/newsupdates/2020/07/sec-and-finra-issue-guidance-on-how-to-characterize-certain-broker-dealers)). In theory, this would remove exemptions and force the coverage of various short positions, which in turn, en-mass, could cause a liquidation of some positions and squeeze event on others across the market. I wasn't sure exactly how it'd play out, how many firms would lose exemption, and while it does look like some heavily shorted stocks had a little weight clipped off, it seems to have mostly been a non event (in the sense that I didn't notice significant liquidation). Either way, it had me uncertain, so I mostly sat the week out. I also think SPY specifically is in need of a healthy pull back, and that has me mulling things. In any event, what I did do: + +* **Bought a DKNG 5/7 $45 put** \- Wanted extreme downside protection, closed it at a small loss later +* **Sold a call on U at $110** \- Sold out under my break even, it ran almost immediately after, but settled again into the weeks end. I don't want this called away, but would like to avoid rolling. +* **Sold a call on DGLY** \- I misplayed this. I sold it early on Monday, with the trial, it ran and I could have waiting and got a lot more premium +* **Added 100 shares to my MVIS position** \- Added at $13.45, had a feeling this was going to squeeze. More below. +* Still stewing from buying back my call on IDEX last week, having a hard time seeing it as a 50% gain given I clearly left the other 50% on the table. + +Not a very active week for me, but man DGLY and MVIS made it interesting! + +DGLY started off the week, the stock ran into the Chauvin verdict, which is expected since DGLY pops at any sign of civil unrest. For my part, as mentioned above, I lacked awareness and it cost me significantly. I put a CC on DGLY early Monday, I just wasn't thinking. If I had waited and sold out EOD Tuesday (basic awareness of trial timeline would have made that a smart play), I would have added almost $1000 of additional premium. After the verdict, the stock gave back all the gains from the prior two days, missed opportunity on my part. + +MVIS on the other hand, I added to my position in the pre-market Thursday anticipating a pop. It ran a bit on Thursday, but man then came Friday. MVIS moved up their earnings, a very bullish indicator given all that's going on with MVIS. And then we ran, hard, all the way up to $19 at one point. I really struggled Friday afternoon, was contemplating selling a May $25 CC, premium was nearly $1000, it would need to retest all time highs, and I felt pretty confident it would give back at least some gains on Monday. Earnings weren't until Friday, the thought was I could pocket a healthy chunk of premium then buy it back before earnings. In the end, I couldn't do it, the squeeze aspect makes it too unpredictable and I didn't want to be capped on something where I think there's still substantial gains ahead. It's possible the earning release is a dud, that they simply announce the successful delivery of their LIDAR, which while a big deal long term, is not likely to move the needle in the market. But there's also a chance that they announce they're divesting part of their business (likely the AR side), perhaps a large one time dividend event for shareholders. Lots of interesting things going on here, I just didn't want to cap anything and opted to let it ride instead. + +# Charting + +I wanted to look at some charts, of stocks I own, others I'm interested in. I'm not a furu, so draw your own conclusions. I enjoy coloring with crayons, but I believe TA is a history lesson, and not a great predictive practice. I acknowledge there's some aspects of volume analysis that get closer to "if this then that" tradeable predictions, but I don't yet have that skill honed. Still, I enjoy the TA I do know and I'm hoping it's going to get some juices flowing to help me find different positions for the future: + +&#x200B; + +[DKNG: Broke the trend line I traded. The PUT I sold mid week corresponded to a strong support around $44, if the market dumped I thought it'd test $49, possibly lower. I'm hoping this opens green, I'm considering cutting the $63p position for a profit.](https://preview.redd.it/pe6b5x26i3v61.png?width=2859&format=png&auto=webp&s=943d2b21bafef136005c4ef914e08688bbbbea7f) + +[IDEX: The long term upward channel has held, it wasn't able to test down towards the $1.75 level \(which I felt was possible\). Still believe they're very undervalued, fair chance I'm holding this until long term gains kick in.](https://preview.redd.it/vpvkinjfi3v61.png?width=2859&format=png&auto=webp&s=b71ecd686bbe31a864abd365c4eeafc705e93777) + +[NAKD: Nice to see them break downtrend. Announced shareholder approval to divest their brick and mortar business, they have no debt and $270m of cash. I think they've got a good shot to turn into something interesting, they said they're exploring a variety of acquisitions. I don't plan to be here long term, just looking for a buck.](https://preview.redd.it/pyue9lnni3v61.png?width=2859&format=png&auto=webp&s=a8816f0c551d78928186708d4a9c1593ae799b81) + +[MO: Stock got hammered hard given news of a possible Biden administration cut to nicotine levels. Seems an over-reaction, there's no way it happens. By the time I saw it, it'd rebounded too much, otherwise I would have sold CSP here.](https://preview.redd.it/268ro69ti3v61.png?width=2859&format=png&auto=webp&s=f137544d68d023b29e674e43a444ca37d87d4386) + +[AMD: I just can't seem to pull the trigger on an AMD entry. I thought about it again on Monday, sat on the sidelines again. This should move out of this channel to the upside eventually, I have a feeling I won't seriously look until my MSFT position is gone.](https://preview.redd.it/hjlan2gxi3v61.png?width=2857&format=png&auto=webp&s=101088ef5357a4da853734077dbb15b694324394) + +[SKLZ: Pretty nice pop this week, broke the downtrend, but is still fighting with the $18 level. The RSI divergence says to me this is headed back down sooner than later.](https://preview.redd.it/0971h3vej3v61.png?width=2857&format=png&auto=webp&s=7490f62fb6a2053584a0b8540f888ce71d5a77b7) + +[PLTR: I still like this company, also been saying for a while, and still think, it's going to break the $21 support. Fantastic growth, it's just priced in IMO.](https://preview.redd.it/8x0or1ejj3v61.png?width=2854&format=png&auto=webp&s=90d97ca710501e6a8e3a82b0748dde1789b6ea14) + +[GOCO: I really don't know what to make of this one, other than I think it's an interesting company.](https://preview.redd.it/dg7hsvnpj3v61.png?width=2854&format=png&auto=webp&s=8387416d92433567729f091a360bb84572d7b23b) + +[EPD: This is a MONTHLY chart. When it gets to the top of the triangle, I'm betting it breaks down hard.](https://preview.redd.it/l2ml5pkrj3v61.png?width=2854&format=png&auto=webp&s=654b05d93b4b21295ca378ea2fdc70100315246a) + +[ELY: Wanted to enter at the green support line, never got the chance. Had thought this would break the late March wedge and test that support. Still waiting.](https://preview.redd.it/i38gbslvj3v61.png?width=2859&format=png&auto=webp&s=27c2831d5841ef914d1ec6c93a359758bcbe70ff) + +[F: I can't tell if I think this is over bought, or primed to break into new highs. I trend new highs, may have to watch this closer.](https://preview.redd.it/bo0hzsj5k3v61.png?width=2857&format=png&auto=webp&s=c1f62b16425e3748bd79ea501be3a31e3e248943) + +[LAZR: Also popping, though I still think the right LIDAR \/ AR play is MVIS. I'm guessing they have better, cheaper, tech and that it's going to be announced very soon. Not sure this breaks trend.](https://preview.redd.it/o6ik02y8n3v61.png?width=2859&format=png&auto=webp&s=c47dd6d3e019da837c59440b1586c115ef0763de) + +[XOM: Really like this chart, long run, cooling, good support, trend pushing into it, this could pop 10 points. Need to do some homework on XOM.](https://preview.redd.it/p27n10dlo3v61.png?width=2859&format=png&auto=webp&s=fac0ceb48f3c10c80eab21b2c7da3d6df20783bd) + +# Positions + +https://preview.redd.it/vquay9ljk3v61.png?width=1580&format=png&auto=webp&s=4d4df027f7c7944f794f80e8f3cb221e87c79b4b + +https://preview.redd.it/2hqxup7nk3v61.png?width=1580&format=png&auto=webp&s=759734604e9c03cf39d1ae1a5ad2aa5821f9db66 + +https://preview.redd.it/ir7zsixsk3v61.png?width=1580&format=png&auto=webp&s=434045df40cdcfba063ea94db96308e1eabdf0af + +# Goals + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $162,464. + +I enjoy the conversation, I like to learn from you as well, hope to see you in the comments. + +[4/18](https://www.reddit.com/r/thetagang/comments/msorc7/playing_for_profit_week_of_418_assignment_on_u/) | [4/11](https://www.reddit.com/r/thetagang/comments/mo38py/playing_for_profit_week_of_44_is_mvis_fools_gold/) | [4/4](https://www.reddit.com/r/thetagang/comments/mj7490/playing_for_profit_week_of_44_idex_undervalued/) | [3/28](https://www.reddit.com/r/thetagang/comments/mecmjm/playing_for_profit_week_of_328_a_calm_exterior/) | [3/21](https://www.reddit.com/r/thetagang/comments/m95ht9/playing_for_profit_week_of_321_a_reset_week/) | [3/14](https://www.reddit.com/r/thetagang/comments/m452g9/playing_for_profit_week_of_314_10_gain_last_week/) | [3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +I have some money put aside sitting in a high yield savings account and want to start DCAing into the market (already bought 100 shares of SPLG in the last month as SPY is too costly). I want to continue buying 100 shares of SPLG each and every month for the next 12 months (DCA). I don't want to run the wheel strategy, as I want to hold these shares for 20+ years. What do you think, would it be better to simply send money to my investing account each month on the same day and buy 100 shares outright or send money at the beginning of each month and sell a 30-45DTE OTM or even ITM CSP hoping that I will be assigned and even collect the premium. I only want to fund my investing account with the money strictly necessary to buy 100 shares and leave the rest in the high yield savings account, then repeat it the next month etc. + + +I am inclined to say that selling CSPs has no inherent advantage in this case, because if I really want to get assigned quickly, I need to sell a high delta CSP which has a smaller extrinsic value so I won't really be making any money from theta decay. What are your thoughts? +This is not a post to poke fun at people during the recent tech slump nor discuss how the sky is falling. I am simply genuinely curious if most people here just sell naked puts constantly (which has obviously been working incredibly well as of late), or it is just a vocal bunch. + +Me? I normally always hold short delta. Yes I am bullish on some things, but overall I am short (especially Q's and my overall short delta does change) I am not trying to convince others to do so, it's just my strategy as it makes sense to me to do so. + +Anyway, I think everyone (bears, neutral, bulls) needs to analyze their strategies as of lately and see how they are playing out. Even though I've been short and it's worked out for me, I know I've learned a lot as of late based on how how things have been playing out. (Especially vol) For example some naked puts I had in the Q's expanded a lot more than desired, ha. My calls covered that expansion, but still. +Latest audit by a third party firm: https://tether.to/wp-content/uploads/2021/12/tether-assurance-sept-30-2021.pdf + +You can dislike them using low risk investments to make money off the cash they are holding to back their assets, but saying they are pumping BTC to print more to buy more BTC is just patently false. What they are doing is generating value for their share holders through low risk investments, and generating funds they need to pay for operations, holding cash won't do that. + +The commercial paper is generally the sticking point for a lot of people, and that's fair (see: https://www.investopedia.com/terms/c/commercialpaper.asp) as it is an unsecured loan, if those companies go belly up they will need to fight in court as a creditor to recover funds. The FUD that most of that was to Evergrande was just made up, they have confirmed they had no dealings with them (https://www.reuters.com/business/finance/stablecoin-tether-says-holds-no-evergrande-commercial-paper-2021-09-16/). You can argue they are just lying, as they have before. Sure, they could be, but Evergrande is too big to fail in China anyway, they will continue to be bailed out. + +If you want to honestly discuss the risk of Tether, fine, but don't make up bullshit that can be disproven with a google search. +**"It's all about Risk Control and Consistency"** + +The first 4 minutes of the video are enough for you to understand what happened to a lot of people that were investing in the market recently, including the big investors. Including most of us. + +In summary: (I am quoting him) + +*It is easy to make money in the market, specially when market goes up. 8 out of 10 years, market goes up*. *You can make good money not having risk control in these 8 years, but in the other 2 years not having the risk control will cause serious damage.* + +Asymmetry is the word. ***You do better in the good years than you do badly in the bad years.*** + +And Risk Control means: ***limiting portfolio leverage*** (low int. rate helped a lot of us to leverage in excess our portfolios), ***risk of companies you invest in*** (ARK portfolio companies comes to my mind), ***risk of instruments you invest in*** (SPACs and Cryptos comes to my mind) + +It is not too late guys, let's take back the control of our future. Consistency and risk control. ;-) + +Link of the video: [https://www.youtube.com/watch?v=lsUoFTsUJZk](https://www.youtube.com/watch?v=lsUoFTsUJZk) +Edit #3: u/Donkey-Kongs had a pretty good explanation for why they may be working late that should be taken into account when reading this: "Not to steal the 🍌from anyone’s bunch, as someone familiar with this space, working weekends at midnight in the office, especially in NYC, is unfortunately par for the course for any AMLaw 50 firm, and more so for those with global reach. You could also point to the Perkins law firm which is based in Citadel’s offices in Chicago which has a crypto practice. I would be surprised if they didn’t have attorneys working all nighters on weekends as well. Also, the majority of law firms are allowing people to be in office as covid restrictions have eased. And finally, trust Chambers or Legal500 for rankings. USN is considered, by many, a bit lower tier." + +**Post Starts Here** +So based on the great DD done in here already with all the brokers and banks burning the midnight oil, I figured out what I could find. I stumbled upon www.earthcam.com which contains links to hundreds of live cameras across the world. I checked out there Midtown Manhattan one [(Link)](https://www.earthcam.com/usa/newyork/midtown/skyline/?cam=midtown4k) and noticed a building next to the Chrysler tower that had it's top floors lit up. So let's dig: + +https://imgur.com/gallery/kq1RfzV + +Just to make sure this wasn't common, I checked the views from 4 and 5 nights ago (see gallery) and you'll notice those floors are completely dark. So there's definitely something weird going on tonight where this building is clearly occupied on the top floors. It's hard to tell which building it is, so I used the daytime feed (also in the gallery) to get a better look at it. + +Using Google Maps satellite view, I figured out it was 450 Lexington Ave [(Link)](https://en.wikipedia.org/wiki/450_Lexington_Avenue) + +Alright. We have the building, so who are the top floor tenants? Initially all my searches for any addresses on the 35-38 floors came up empty. However, when I searched for Suite 3500 (I found through other searching that the official addresses are suites and based on the floor) I came across this lawyer [directory](http://www.law.net/attorney/location/united-states/new-york/new-york-city/page/3308). The lawyers you see here have addresses as Suite 3500 (35th floor), and link to www.dpw.com. On we go! + +So who is dwp.com? None other than DavisPolk & Wardell. Alright so we have the lawyers, working at midnight on a Sunday night, during COVID. Who is this law firm exactly? Does this relate to us at all? + +[I think so](https://www.davispolk.com/news/davis-polk-named-law-firm-year-two-categories-us-news-best-lawyers#:~:text=Davis%20Polk%20has%20been%20named,areas%20in%20this%20year's%20report.) + +This is where it gets crazy. Check out in that link what one of the two categories they were named Law Firm of the Year in: **financial services regulation**. This is the firm that represented the **US Treasury Department** and **Federal Reserve Bank of NY** during the 2008 financial crisis. So maybe they're on the good side? Not so fast. They're also well lauded for their white collar criminal defense practices. + +TL;DR + +Towercam footage shows elite financial services law firm known for their work in financial services regulation is currently working in all three floors of it's Manhattan office at midnight on a Sunday, which is abnormal for them + +Edit: More information on their white collar defense work https://www.davispolk.com/practices/litigation/white-collar-defense-and-investigations + +Edit 2: I originally mistyped the law firm website as www.dwp.com. The correct url is www.dpw.com, and is fixed in the post (this is the URL associated with the lawyers in the lawyer directory) +My mother has no home, and lives on a fixed income from Social Security. I’ve already brought it to my mothers attention that she should look into speaking with an estate lawyer or writing up a will to ensure that everything is handled on her end in the event she passes away, but my mother has expressed that she has very little to pass on let alone for companies to take from her. She’s even advised me to avoid having to pay any unsettled debt by not claiming me in the event she passes away, but I don’t know if that would even have an affect or if that’s a good idea. What should I do? +In March I decided to go all in and then some into GameStop. I got a 25,000 loan and I agreed to pay 1900 a month back because I was so confident in the fundamentals of this fine company (moass, OOPS). I spent 16000 of that buying up GME shares ( DRSED from schwab later in the year) WELL, I quit my job too and I waited, paying off my loan for 4 months because from what I KNEW...moass was imminent. I asked the bank if I could refinance after 6 months, but instead they granted me 3 extra months of not having to pay anything. Then I ended up having to find a way to pay that loan. I now live in a van by the river with a 47,000 annual salary, paying off the rest of my loan. Those shares are safely untouched thanks to my retarded diamond hands. I have to live in this van for 6 more months to pay off that loan but I'm ready for it. +Edit: my rent is 600.00 + + +TADR: Don't take out a loan to buy gme if you can't afford the payments. +>[Oh and uh short burn of the century comin soon. Flamethrowers should arrive just in time.](https://twitter.com/elonmusk/status/992388944774938626) + +-Elon Musk + +Oh Elon, sorry to steal your thunder. But GME will make TSLA vol look like TLT. Jeff haunting your every accomplishment yet again. + +----- + +I’m back with the final warning bell. The next time I post in 2021 will be to recap the squeeze’s results and post gain porn along with u/Deep_Fucking_Value, u/SIR_JACK_A_LOT, u/Tomatotowers, and more. *This is the last stop before the moon mission.* + +It’s currently not too late. But after Q3 earnings on Dec 8th, it will be. And of course, as always, not financial advice. Just for bragging rights and entertainment. Here goes: + +Here’s a comprehensive GME overview for all new and returning WSB-monkeys. Sit down and grab some tea. This is a long one unlike the previous posts. + +**GME Overview:** + +The GME story can be broken up into 2 main theses. The first is a deep value play which has credibility all on its own. The second is an infinity short squeeze like we’ve never seen before in history, which has credibility all on its own. When combining the two, you get the trade of a lifetime. + +In all my (albeit limited) days, I have never EVER seen a trade set up like this before. I’ve pored over every source of historical finance material I can get my hands on, and still have nothing to reference to. IMO, this will look more like the 2008-MBS bet, or the Ackman 2020-COVID “Hell is coming” bet, than TSLA, OSTK, KBIO, or VW. + +Just a fucking face-ripping, out-of-nowhere, legendary-HOF-ticker bet that will bankrupt some funds and get people fired - and of course, with no community other than WSB’s name next to it in the history books (and if I could pencil in our lovely GME discord and u/RoaringKitty’s YT stream). + +Let’s begin. + +**Act 1 - The Set Up:** + +Q: Why is GME so heavily shorted in the first place? Why are we betting the long? Aren’t they going bankrupt ala Blockbuster? If not, are we just trading this short term like a HTZ/CCL meme stonk? + +A: NO. This is a fundamentally solid deep value play at its core. + +First let’s go back a few years. We must give the shorts due credit in order to understand where we are now. GME has been profitably shorted since 2013 when the market correctly bet on the digitization of video games and spread of mobile gaming. Some data here: + +* GME sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. + +* GME Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. + +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. + +* In the two most recent quarters alone, GME lost another $277 million. + +The shorts are betting on $0. + +However, in the last 12 months, GME has shown that their terminal velocity does not lead to bankruptcy. GME has a strong balance sheet. [Cash on hand is worth over $12 a share. Net cash is worth over $5 a share](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment) and is FCF positive (nixing the bankruptcy thesis). They also paid off $125M in debt last month just to show Moody’s they are healthy due to their incoming console cycle FCF (which may lead to possible bond upgrade, enticing more institutional investors). + +So give the shorts credit. They had a legitimate case until the last 12 months, when George Sherman (CEO), Reggie Fils-Aime (ex-Nintendo, current GME board member), and others have been conducting a phenomenally well executed turnaround. + +That explains why we currently have ~70M shares short out of ~65M shares outstanding - but they’re all now caught on the wrong side of the trade. + +In case the severity of the short interest hasn’t hit you yet, **there is a bigger market for shorting GME than the business of GME itself.** This is not even taking into account the long holders ([Senvest, Ryan Cohen, Burry, Donald Foss, Sherman, Hestia/Permit](https://fintel.io/so/us/gme)) which takes ~25M shares out of circulation. So short interest in reality could be around 180%+ of true float. + +A true head-scratcher. + +And a worthy opponent. + +But they’re wrong. + +**Act 2 - Avengers, Assemble:** + +Q: Why am I so sure GME is prime to blow? Isn’t this just another meme stonk hunch driven by WSB and Michael Burry hype? How can a few online gamblers and a few activist investors turn a dying business into a trade of a lifetime? + +Couldn’t the shorts be right? Also, hasn’t it blown already? + +A: NO AGAIN. + +Let me show you the ridiculous Avengers team we have. By Avengers team, I mean all the bullish cases: + +**1) Ryan Cohen** + +Iron Man of the bunch, some call him the Dog-Man. + +This guy is a crazy entrepreneur. He took on Bezos with a pet food company (CHWY) and won. Let me repeat - he beat Jeff Amazon without AWS subsidizing his loss leaders. + +In other words, he built Markk I (CHWY) in a tiny cave with scraps all by himself with his dad, and now that he has billions, he wants to build nanotech Markk 50 (GME). Read up on this guy. He’s as crazy and as smart as they come. + +He also wrote a scathing [letter](https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf) to GME leadership, but if you read between the lines, he’s not addressing the existing board, who had only been there temporarily. He’s setting this letter up in order to potentially offer a takeover bid (rumor mill - unconfirmed). + +Either way, GME leadership needs to address this letter in the Q3 earnings call on Dec 8th - which means they need to either post a good quarter, provide good guidance, or add color to existing developments. + +Otherwise George Sherman (Cpt America)’s ass is out the door and Cohen takes over as the leader of the Avengers through a vote or buyout. Either of which requires shares to be recalled. + +One more thing to note about RC. There has been no 13D/A filling since his initial purchases. Which means he is STILL IN. He has not sold a single share. + + +**2) GME Leadership and activist investors - Guardians of the Galaxy, Dr. Very Strange Burry, and the old Captain trying to fit in with the youngsters:** + + +Dr. Very Strange Burry - AKA Big Short Man. Supreme numbers aspie who might have a screw loose but is unmatched at spotting contrarian trades. *Edit 2: BTW for those asking about his holdings drop. He's trimming to stay under 5%, but still has a large position: + +- Q1: 3,000,000 shares worth $10,500,000 + +- Q2: 2,750,000 shares worth $11,935,000 + +- Q3: 1,703,400 shares worth $17,375,000 + + +Hestia/Permit/Senvest - Contrarian, activist investors. + + +Cpt George Sherman - Boomer CEO who knows what he’s doing. + + +Reggie Fils-Aime - Beloved ex-Nintendo President. + + +**3) Bond repurchase** + +GME just bought back [$125M](http://news.gamestop.com/node/18286/html) of debt maturing in 2021. Who cares? Yes - normally this is a nothing burger even for a micro-cap, but if the shorts are betting on $0 - this is clear evidence against that bet. + +Secondly, rumor mill has it that this debt repurchase plus positive Q3 earnings/guidance will allow Moody’s to upgrade their 2023 debt to A or maybe higher. + +This is HUGE because it allows institutional investors to long GME without further restrictions. In other words, they may not be allowed to long companies with B- debt. Once this is upgraded, more buyers are allowed to come in. + +Very underplayed story here. + + +**4) TA - When the stars and crayons align. Here’s an excerpt from our resident astrologist u/JayAreW:** + +> Ignoring the short squeeze element of GME and just looking at chart action, there are two elements that are important to keep track of. The cup and handle pattern and $15.80. + +> While my trading style is 90% technical analysis, there are certain elements which I shy away from – mainly chart patterns. However, it is important to at least recognize the obvious ones because if you see it, chances are others see it too. The main pattern I keep an eye out for are the massive cup and handle patterns. This is an example from Pring [figure 1](https://media.discordapp.net/attachments/778014693059067934/783103438112030760/cup_and_handle_pring_fig_1.PNG). + +> The buy signal is traditionally a breakout above the handle, and a good estimate for price target is the distance from the base of the cup to the handle, added to the breakout point. A recent example of this is $JMIA [(daily - figure 2)](https://media.discordapp.net/attachments/778014693059067934/783103467937988628/jmia_cup_and_handle_fig_2.PNG). Notice not one, but two failures to break the top of the handle and the subsequent parabolic run. +Compare $JMIA with $GME and you see almost the same pattern [(daily – figure 3)](https://media.discordapp.net/attachments/778014693059067934/783103497926082580/gme_cup_and_handle.PNG). The traditional buy signal would be a breach above the red line (~$15.80). The difference between $JMIA and $GME is that $JMIA was far more condensed; the pattern played out over a period of a few months where $GME’s cup and handle started in late 2019. Playing this pattern exclusively, I would expect a price target of roughly $27, stretched out over a period of weeks/months and not as explosive as it’s African counterpart (assuming a squeeze doesn't happen between now and then). Typically, any chart pattern calls for a retest of the breakout point, so don’t be surprised if $GME retraces to $15.80 and look for a bounce there as confirmation that the breakout is on. +The other important element is the $15.80 price. Not only is it the breakout point for the cup and handle pattern, but it coincides to a price point which I believe was a major short-selling entry point [(fig 4)](https://media.discordapp.net/attachments/778014693059067934/783103538602442812/GME_big_short.PNG). Notice the nearly 20% gap down on 33 million of volume. This type of action doesn’t just happen with selling alone and I believe massive short positions were opened on that day. + +> This $15.80 then represents a breaking even point for those shorts if they have not closed their positions (and we have no real reason to believe they have). Breaking even is a huge psychological barrier for people when a trade isn’t going their way and often times represents an exit point for crowded positions. Most of the shorts were already underwater - above $15.80 and that water begins to boil. I believe this position is becoming borderline untenable for existing short positions and is a crowded and disastrous trade. +So to recap, $15.80 not only serves as an important chart pattern breakout point, but the proverbial “line in the sand” for existing short positions. + +JeffAmazon here again: Note Jay and I don’t agree on a few major points, but are nevertheless both seeing bullish action to come very very soon. + + + +**5) Product Mix** + +GameStop is expanding their product mix to include monitors, PC parts, and [more](https://gamerant.com/gamestop-vizio-tvs/). GME is no longer a Disc-Drive only store (which is fine itself), but an all-things-tech e-commerce growth start up. Or you can at least bet that’s the narrative. + +GIVE ME THAT F-ING CHWY SALES MULTIPLE. + +**6) Three signs of a bubble: leverage, lack of liquidity, and consensus.** + +This is an inverse bubble - it will rise as quickly as other bubbles drop. KBIO and VW are often quoted as short squeeze examples. Those are wrong comparisons. The only similarity is the fact that shorts were involved. + +Instead, think of any other market bubble. It’s simply about leverage, lack of liquidity, and consensus. We have all 3 in GME. Everyone thinks GME will go like BlockBuster to $0 and is using leverage to short (by definition and current SI). + +So instead, think of Burry’s 2008 MBS trade, Ackman’s 2020 COVID trade, PTJ’s Black Monday Trade, or Chanos’ Enron trade. + +Same thing, different direction. Will go up as fast as the others went down. + +And oh boy do we lack liquidity. Crowded party, one exit. + + +**7) Phenomenal numbers due to current console cycle.** + +$GME bull Rod Alzmann [(Uberkikz on Stocktwits)](https://stocktwits.com/Uberkikz11) has great breakdowns on Q4 EPS/order count due to console cycle. He tracks orders by order number among a slew of other information [here](https://twitter.com/RodAlzmann). + +Check out his models. In short, we expect over $5 EPS in Q4 base case. Which is bananas. + + +**8) MSFT Partnership gross margin** + +GME is getting free money from Satya Nadella. + +[Conservative estimate $180M, 100% margin for 2 years](https://seekingalpha.com/article/4378623-gamestop-revenue-sharing-agreement-microsoft-shifts-sentiment). + + +**9) January and April option OI** + +OI in option calls for Jan and April are almost 4X that of Decembers. Is GME going to exercise the ITM calls for a squeeze? Why are they so insanely large? Who are these buyers? WTF are they doing? + +No clue. But something is about to go down. + +Note put call skew isn’t that low, so no infinity gamma squeeze yet, but it will come as GME obtains meme status. + + +**10) Most importantly, YOU.** + +CNBC and other misled, egoistic mass media companies and institutional investors continue, time and time again, to look down upon the new generation of traders and laugh at WSB. + +Tell me, which one of them has read all of Moody’s credit reports on GME? Which one of them live streams collaborative GME DD 20+ hours a week for 6+ months straight? Which one of them tracks order flows by the f-ing second based on skimmed CC data? Who scours r/GameStop to see how leadership is treating their employees and customers at a testimonial level? Do they even know about the bond repurchase? + +They don’t know jack s-. + + +**Act 3 - The Trade** + +What more evidence do you want? Time for action. + +First, the PT. u/ronoron summed it up well: + +> A 3 billion market cap (not even 0.5x of their revenues) would already leave GME at $46/share.Going back to their 2013 peak at around 6 billion market cap would leave them at almost $100/share already, not the $56 peak/share. The algos trading still can't appreciate the fact that GME halved its number of outstanding shares a while ago. + +> For comparison. Bestbuy is trading at almost ~0.7x of revenues with lower gross margins. Nordstrom is almost at 0.4x of revenues despite the bigger liability their department stores are having through corona (never mind their uglier balance sheet). GME is still hovering just above 0.2x revenues because stinky shorts overestimated how bad corona would be for GME (e.g. delayed console cycle, digital consoles becoming widely popular).” + +PT can easily be over $100. The JeffAmazon target is $420 which gives them about ~$25B market cap at a P/S ratio of 5, maybe 4 with console cycle revenue. That wouldn’t even be considered an euphoric price with today’s growth stocks. For comparison, NVDA is 22, TSLA is 20, and CHWY is 5. + +Timing: +This all hinges on Dec 8 earnings. If GME misses (it historically has), Cohen will use this opportunity to attack leadership and take over as CEO. Therefore, GME leadership needs to provide a great earnings report or else Sherman will lose his job. + +Here’s my responsible trade (do whatever you want): All in calls and shares now. If IV and $GME is sky-high before earnings, sell half to secure profit. If GME misses and tanks, bet your bottom dollar a takeover bid will be announced shortly. + +In all honesty, I'm going to probably hold everything through earnings WSB style. + +My positions: +1/15/21 $30Cs, shares + +(I would buy April $30Cs too, but I'm all tapped out of cash). + +Shorts and longs both have their cases. All the cards are on the table. Which side are you on? + +------- + +If I missed anything, comment and I will update above. I’m aiming to make this the final stop for all high-level GME DD. + +*Edit 1: Educate yourself right now on IV crush (in short, we expect a lot of vol now, so option prices are high. After earnings, expected vol normally decreases, so your option prices will normally drop). GME is the king of IV crush after earnings. If you're playing FDs, prepare to get destroyed like always. Safer bets are LEAPs or FDs after earnings. + +*Edit 2: All these beat earnings recently: SNE, MSFT, BBY, BBBY, NTDOY, ATVI, TTWO, JWN, M, KSS +For a bit of context, I've recently put about £90k into a couple of ISAs and a SIPP, but it's mostly just sitting there in cash with the exception of about £5k I invested in a few funds that caught my eye. + +Now I want to maximise the return on this money and have no intention/need to touch it for decades. I don't know enough about this sort of stuff to confidently invest it, especially given the current economic turmoil, so was thinking I might take advantage of the paid advice that HL offer (all of this is with HL) and am not bothered about the cost, just want to confirm that the advice they give is actually good. + +Thank you + +Edit: charges are as follows: 1% for initial financial advice and for ongoing, 0.365% per annum +I feel so relieved I sold all my shares this afternoon, even if it was at a big loss. + +Last week, I invested about 6k into various meme stocks. I started becoming nervous a few days later so I liquidated a lot of stocks. However, I bought back a lot of GME yesterday after a dip and finally gave up today seeing that the bubble had already burst and it wasn't a dip. + +Can I live without $1500. Yes (In fact I even forgot to cash in a $1500 check for over a year). I'm only 23 and in grad school, so I like to look at each dollar very carefully. I'm also anguished at all the things $1500 could've bought me (a 75'' flat screen TV, a plane ticket to anywhere in the world, etc. But 1500 is only about 3% of my assets so I'm trying to sweat this off and move on as quick as possible. But I learned not to jump on stocks based on emotion. At one point, I was even up $1000 but I got too greedy and look where I'm now. + +On the bright side, my overall portfolio is only down $600 since New Years Day and I'm still up 20% since last february (compared to the S&P gain on 18%) +For the last few years I loved both gold and Bitcoin although I had much more of my net-worth in gold. After MUCH thought, I've decided I will be soon liquidating my gold and buying more Bitcoin. Here's why: + +\* + +I believe after this whole COVID shitshow is said and done FIAT currencies are going to be fucked and all governments are going to realize that they MUST back their currency by some sort of reserve asset. We really only have 3 options - Gold/Silver, Oil, and Bitcoin. Let's just disregard Oil because we all know oil is slowly on it's way out. With the way China is hoarding gold, I believe China will back it's new central bank digital currency by gold reserves. The whole world will start rethinking using the US Dollar backed by NOTHING (you can say army, but that's not going to work for long). The US isn't going to copy China and back their currency by Gold again imo, so I honestly think they'll choose Bitcoin (although I could easily be wrong). + +\* + +Anyways both Gold and Bitcoin are a good bet against FIAT currencies, the only problem is that when gold prices go up (demand goes up), a shitload more miners start mining gold and the price of Gold eventually comes back down to it's cost of production (and usually overshoots it to the downside due to human psychology). If gold becomes a reserve asset, governments will see these miners going out of business and subsidize them, which artificially decreased the cost of production, further decreasing the price of gold. Miners are NOT the friends of gold investors, they are the "enemy." + +\* + +Since only 900 Bitcoin are mined per day (currently 6.25 per block), if miners doubled network's hashrate tomorrow, the supply would remain the same. THIS IS HUGE. Miners are securing the network, which adds utility to Bitcoin. When utility is added, the intrinsic value of Bitcoin goes up, which causes a positive feedback loop for price. Miners are the FRIENDS of investors. This is a MASSIVE fundamental difference, not even taking into account the 21 million supply max vs. gold's infinite supply, the additional ease of transportation, digital utility, etc. + +\* + +If Bitcoin and Gold both become reserve assets, do I believe the Chinese government that they have the exact amount of gold in reserves as digitally-printed money? We have the "trust" that they're telling the public the truth. With Bitcoin, governments can provably verify their reserves and we don't have to "trust" them, anyone in the world can verify it for themselves. This is fundamentally superior in a world where lies are everywhere, at least you know your currency is sound. + +Hi all, + +I have been on my fire journey over the last several years. + +I have made a lot of progress, but I am feeling exhausted. I feel the need to pause for a few months. I have been deferring a lot of my wants over the last few years. + +Anyone else feel this way? Did any of you feel the need to take a pause? Or did you manage to overcome this feeling? +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! +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! +I seriously love this community and everything you all do, first off. + + +Both of these ETF's pay a monthly dividend that, according to robinhood, comes from selling puts and collecting the premium as income. Knowing this, other than price and dividend, is there really a difference between the two other than price? + +If the difference is price, then wouldn't it make more sense (in terms of collecting dividends only, not factoring appreciation or a dividend increase) to only buy QYLD? + +According to their website, JEPI collects this income from selling puts from a variety of industries and countries (almost all of it is from the United States so...) but does that really make a difference? + +I apologize if im not too well versed. +How often do you sell your positions and look for others? I was kind of hoping with dividends that I could buy a few shares of stocks and sit and hold them for a year or 2. Is this the wrong thing to do? +EtherDelta just announced their new token "EtherDelta Token (EDT)" (http://crowdsale.etherdelta.com/) one week after they got hijacked. The Token totally looks like scam and I provide you with some points why you should stay away from this ICO. + + * Why should they launch the token in a time nobody trusts in EtherDelta? + * They page looks like built in a few hours, the source code is like the most basic sample app with some copy pasted content. + * They put no links to social media of the team members, also the team images could be copied from wherever. + * They show a banner of ICORating in the pages footer, but ICORating mentioned nothing about EDT. + * The whitepaper was released way after the page and provides you with absolutely no facts. + * The Telegram group they link to is totally unmoderated. + * The Crowdsale page doesn't even use the EtherDelta HTTPS certificate, it most likely is also affected by the DNS hijacking from last week. + * The Crowdsale page is FULL OF MISTAKES: + "Etherdelta will *lanuch* Lab 51 to incubate new *inovation* in *finiance*, technology, security *and etc*" + * They are even telling, Etherdelta is built upon "**Low Trust** and operational costs" + +I tell you, the ICO looks like **low trust** to me. Please do not spend a single ether to this token. + +I'm sure this is not the complete list of mistakes the Hacker did. Feel free to add more evidence. + +People are speculating EtherDelta wants to educate the users through a fake ICO, nevertheless this would be a huge opportunity for other scammers! This is not the right way. + +EDIT: ICORating just asked EtherDelta to take the banner from their crowdsale website on [Twitter](https://twitter.com/IcoRating/status/947067111452573696) +Guys, ETH just broke the 1000 EUR level today around 8.30 London time! I was really not expecting that as the price was dropping to 806 EUR yesterday after quite a sharp increase to the 990 EUR level but hey, welcome to the crypto currency world I suppose! Shall we reasonably expect the ETH to rise to the 1.5k this month? 3k by March? I am slightly concerned by the Market cap eth would have if it reaches 3k EUR, it would have the same weight of one of the biggest European company. +Title says it all — So after the announcement of the 4:1 splidividend, is GME setup for a gamma ramp? + +More context — The way my smooth brain thinks — say the stock pre-split price is 130 which would mean it would trade at @32.5 post-split. Similarly, I assume a ton of the deep OTM call options strikes would divide by a factor of 4 and the # of contracts would multiply by the same. Also, since the options would be more affordable, a lot more folks would be able to YOLO into deep OTM calls (which is btw normal behaviour with GME) + +Would this increase the density of contracts in the $0 to $100 range, which would in turn, set up a smooth gamma ramp, which would blow up when GME rips the next time (whenever that might be)? — (the MM’s would be delta negative and would have to buy shares to stay delta neutral) + +My understanding is that the post-split situation of GME would look more like the pre-squeeze period in Jan 2021 (and late 2020) where most of the deep OTM options bought and sold were in the $0-$100 range. If all the speculation above is true, we might end up exactly like we did in Jan 2021 with highs of $480 post-split + +My understanding of gamma ramps might be completely flawed — in that case, please enlighten me with some wrinkles. + +Note — I realize that a lot of the options would have 0 volume due to funny numbers post-split. But, I hope we could safely put that aside for this question. +The mod team has had a growing number of reports about people being solicited to get involved with investments, to donate funds to people in desperate situations, to share or receive referral codes, and so on, via PM. + +At it's core, this is an unfortunate side effect of Reddit's open design, and the mods have no control over PMs, but letting us know allows us to monitor how bad the problem is, and at least ban the accounts from posting on the sub (though this doesn't stop them scumming it for details). + +The most impactful action will be to report the message to the Reddit admins. You can do this by hitting the "report" button next to the message. + +Hopefully it goes without saying that **you should not act on any unsolicited PM from Reddit**! No matter how persuasive the message is, or what credibility it claims to have. None of the moderators, nor the subreddit, endorses any such activity (and neither would any legitimate personal finance provider). + +Thanks! + + +My laptop was seemingly on its last legs. The person at the computer shop told me it was too expensive to fix and to just get a new one. One of my daughters asked if she could take the hard drive for a computer she got for free from a friend. I said sure why not. She found it didn't work for her purpose but she began looking at the inside of mine and decided to look on Youtube about the issue (the charging port wasn't working). Turns out it was such a common issue that people made videos on how to fix it. A little superglue in the right spots and viola it was good as new! My daughter is 16 and had never worked on a computer before. To sum things up, before you give up on something look it up. You might be surprised that you can fix it yourself. Adding too that I bought her a new hard drive for her free computer off Amazon for about $20 and she installed it and now she has a working computer as well. +Hi personalfinance! This is my first time posting here, so please excuse any formatting rules I might be breaking. + +So here's what's up: I graduated from pharmacy school last year and I got $200k (all federal loans) in debt along with my diploma. I took the board exams, got fully licenced to practice in my state, and applied for positions. After the grace period, I still didn't have work, so I applied for forbearance. I figured that I only needed a few months to get on my feet and start getting paychecks. Well, oops. Still don't have a pharmacy job. I'm getting even more nervous now that this year's class is graduating soon. I'm lucky enough to have parents who are willing to spot me in times of dire need, but I don't want to delay their retirement. + +In the meantime, I've found work as a substitute teacher at a public high school, but it's not steady enough to pay off the loans (in addition to paying rent/utilities/food). Recently, I was offered a temporary position as a pharmacist a few hours away for less than a month, but I think the experience and connections I'll make might allow me to find work soon after this assignment is done. (The temp job starts late this month.) + +Eventually, I'd like to go back to school part-time to get my master's degree in public health, but only when my debt is under control and when it makes sense in my professional career. + +Non financial details: My mental health has been pretty bad, and it's really hard to stay positive. I'm going to start to apply to under-served areas that might have less competitive openings, but I'm hesitant to leave my social support network because of my history of anxiety and depression. I'm really grateful to everyone who took the time to read this! It means a lot to me! + +Here are my questions: +-Should I apply for another forbearance? Can I do this? What are the pros/cons of doing so? +-Should I look into the payment plans that are adjusted to my income? + +TL;DR: $200k in debt, can't find work, forbearance ending. I'd like to know my options and what suggestions you might have for me. Thanks so much for taking the time to read this! :) + + +EDIT: Woah guys. I was expecting a few responses, but this kind of blew up overnight. Thanks so much to everyone who has responded. Here's my plan: I'll move the loans over to an IBR plan today. I'm going to take the temp job and make connections and ask about openings around home. At the same time, I'll be pumping out applications to under-served areas. That way, I'll be keeping both routes of relocating and not relocating both open. I have a much better understanding of what I need to do. Some of you guys were wondering how I managed to get this much debt, but honestly, this is on the lower end for my graduating class. (One of my best friends has $500k.) I did a 2+4 year doctorate program. I did the 2 years of undergrad for almost nothing at a public state school, but I did the 4 years at a private school (wasn't mentally ready to move out of state, and my state didn't have a pharmacy program). Looking back, I probably should have just bit the bullet and moved out of state. + +My advice to current and future pharmacy students: +(1)Public schools. Do it. Seriously. +(2)Get an intern job in addition to your school internships. I turned down an intern job because I wasn't sure I wanted to go into retail and waste their resources. Biggest mistake of my life. If you're concerned about limiting your study time, your employer will work with you. My classmate did 2 hours/week when school got busy. The connections are invaluable. +(3)Residencies are awesome, but realize they are extremely competitive. Apply if you want, but don't bank on it. Have a back up plan. This might change if more residency programs become available. +Pretty much sole owner one triplex had to pay renos, court fees, maintenance ect and its all from my personal money. + +Do the cash flows ever start piling up enough to start paying your self back? Or you just leave it all there for the next repair? + +Ive only owned 2 years but just feels like im baby sitting a house for the bank +Just had my offer accepted on my first directly owned investment property: a duplex in a solid and prosperous sub market of Philadelphia. + +That’s great! + +The bad news I am just learning — to my surprise, after tons of podcasts and books and more than 400 units as a limited partner — is that financing for my new LLC is on much worse terms than for myself. + +5.0 30 year fixed +vs +7/1 ARM at 6.375 + +PSA for anyone else in my position who did not realize the obvious truth that LLCs require commercial financing. It’s worth it to me to limit liability and protect my liquid assets (worth 5x the value of the property) but dang it hurts. +Anyone who has spent much time in the sub knows of my disdain for realtors. I get it...one out of one hundred of you may actually have a bit of common sense and one out of a thousand may actually know a bit about real estate investing. You are the exception and I respect you for that. However I'm going to share the latest in a long history and significant sample size of the "real estate professionals" it has been my displeasure to deal with. + +At the end of 2017 I decided to sell a property I had a lease option on. A contract for option to be exact. I notified the Trustee of my intent to execute a purchase of the home and began marketing it for sale. Now I really didn't want to sell it but with the market nearing the top I figured why not see if it would sell. + +**Important Notes:** In Florida if your Option Consideration is a certain percentage of the option price and you make the lease payment for a minimum of 12 months this gives you an interest in the property as such that a foreclosure is necessary to get you out as opposed to an eviction. + +In this instance my option consideration of $5,000 met the first criteria and I had rented this property out for over twelve months which gave me an equitable interest in the property. + +**Story Continuation** + +I do a flat fee listing with a broker I know and handle all of the calls. I offer a 4% commission on sale of the home. One agent makes an offer roughly $5,000 less than another offer we have and I ignore his email. + +24-hours go by and he texts me complaining that the Seller hasn't countered. I reply, "Not interested." + +His reply, "Well that is a top of the market offer." I mention that he may want to do a bit more research as to his market as we have an offer that is higher. + +24-hours go by and the agent increases his offer. Now I wasn't going to go with the offer that I referenced because they wanted a bunch of contingencies which we were not going to agree to. This house was more of a rent ready home than a retail ready home and as mentioned I was only listing it on the chance that someone offered to buy as is. + +So we tell the "top of market agent" we'll go under contract with you but understand that the sale is as-is. We aren't updating or changing anything. The agent acknowledges he understands and I have the Trustee sign the contract. + +The agent then sends me an email that says, I kid you not, "I got this Buyer as a lead from USAA and I have to pay a percentage of my commission as a fee to them. Can you change the 4% fee structure to a 3% plus a 1% bonus so I don't have to pay them the full fee? + +Now I've already decided this realtor is a Dbag. However now he is asking me to assist him in defrauding his lead source? I politely decline. + +All of a sudden the agent emails me, "You aren't the owner, you can't sell the property, I want to talk to the owner." I explain to the agent that I have an equitable interest in the property, does he not understand what that means? "I want to speak to the owner. I can't speak to you, you aren't a licensed agent." Facepalm. + +Luckily the Trustee is a friend of mine and, while not nearly as anti-realtor as I am, he doesn't enjoy having to deal with them. He agrees to talk to the realtor. He emails me about a day later and shares that not only did he have to explain to the realtor what a Trustee was and that as Trustee he was the Owner of Title. He also had to explain I had a legal interest in the property that allowed me to sell it and that the Realtor asked him to change the commission structure. + +It gets better. I get an email from my friend the Broker who listed this property for me asking if I approved a change to the commission structure. Apparently our friend the realtor emailed him asking for a change in the commission structure in attempt to circumvent us saying no. + +Eventually the Buyer has the property inspected and comes back with a list of items they want fixed/updated. I say, "No thank you. This is an as-is sale." The realtor asks for an extension of the contract as it is now at the end of the due diligence period. We say no. Realtor gets butt hurt and writes us a snarky email. We thank him for his expertise and wish him well. + +The end...just kidding! + +So that all took place at the end of 2017 in December. I end up executing the option and officially purchasing the home in Spring. In March of this year I receive an official package from the DBPR which is the Florida Department of Business and Professional Regulation. This clown, who was attempting to defraud his lead source, reported me for being an unlicensed real estate agent. + +While he supplied the DBPR with communications between us he did not supply all of the communications which of course left out him attempting to defraud his lead source, left out where both the Trustee and I notified him of my equitable interest in the property and all of the other basic information that conclusively proved my ability to sell the property. + +So I had to take the time to scan a fair amount of legal documents, pay my attorney to write the DBPR a nice letter showing my position and, in the end, I was exonerated because, well, I know what the heck I'm doing. Unlike some real estate "professional" who has been in the business for ten years. This is what happens when the qualifications to be a nail tech are greater than that to get your real estate license. + +I only mention this story because I'm finally getting around to filing an official complaint with this clown. Typically I'm fairly laid back and would just let this go but what I was accused of doing is a felony in our state and this jerk could have had a severely negative impact on my life because of his lack of basic real estate knowledge. + +An important takeaway from this kids (Apart from the fact that 99% of realtors don't know jack about real estate investing): The extreme importance of understanding the law in your state and making certain your paperwork is on point. + + +Looking into buying a mixed use building with a storefront and 2 apartments above. The building is dirt cheap and the apartments are going to be what makes money. But I’m trying to think of something to do with the empty storefront. This is a rundown rural area and i don’t see this town ever really booming again. So I wouldn’t be able to find a long term tenant for it. + +Any suggestions? Thinking maybe about just turning it into a 3rd apartment. Maybe a small laundromat. Not sure. +Hey everyone! I manage a few rental properties and have gotten to the point where I’m considering accepting cryptocurrency, specifically BTC, or ETH as a form of payment for rent. I wanted to know if anyone out there had experience in doing the same thing? + +If so, how did you go about doing so? Are you still accepting it? If not, is it something you would consider? +To the folks at CS. + +Your snail mail process is hurting us. Over 2 months to fully access our accounts is hurting us. + +There are thousands of international apes too scared to start the DRS process due to FOMO. Yes we can call and pay for expedited service, but we have to pay twice (which is also a barrier to some) and there's increasing reports that even after paying for expedited, the details are taking almost as long as snail mail to arrive. + +I'd liken it to being invited to the best party in town, but when you arrive you're faced with a queue that runs around the block and the next ten blocks after that - but the guy on the door is really slow and only letting in one person at a time. We can see the party house and we can hear the music and the whoops of delight from inside - but we just can't get in. Lots of people just won't join the queue because they think that by the time they're in the door, the party will be over. + +The world's eyes have been opened to DRS and it won't stop with GME. Whilst we're winning, YOU'RE winning. + +Come on guys , we're pleading. 2+ months via snail mail is not good. Throw your best (smooth and wrinkled) brains at this. Throw some resource and some cash at it (it'll pay you back handsomely). + +Let's not give anyone a reason not to take their well-earned seat on the rocket when it blasts us TO THE MOON!!! + +\*Edit\* I forgot to mention / praise the international toll-free telephone line that's been implemented. It's progress and it helps - but it doesn't get us registered and into our accounts any quicker. +>[Hostplus is seeking to withdraw](https://www.afr.com/politics/federal/cash-starved-super-funds-could-be-forced-to-merge-20200403-p54goz) $1.5 billion from one of the country's biggest property investment funds ahead of what could be an avalanche of requests by out-of-work hospitality and tourism workers for early access to their retirement savings. +> +>The Australian Tax Office will today begin processing applications for early access to superannuation under relaxed hardship rules, with Treasury anticipating up to $27 billion will be removed by 1.6 million members nationwide. +> +>Hostplus has notified property fund ISPT that it wants to redeem $1.5 billion, which is about 10 per cent of total assets in the ISPT Core fund. +> +>For Hostplus, $1.5 billion represents nearly a third of the property holdings in its flagship MySuper balanced option. + +Liquidating $1.5B from illiquid property at this point in the market cycle is not exactly what I'd call consistent with the spin that Host has plenty of cash on hand to meet redemptions. +He is recently divorced, down on life and leaving real estate. + +We want him to work 3-4 days a week in a job that will bring him joy and satisfaction. + +He loves talking to people but isn’t tech-savvy. + +Any ideas would be greatly appreciated +In light of today's GDAX monster red candle, it's time we remind the community that crypto is no joke. It is the wild wild west of investment. + +**Manipulation will happen**. + +What it *likely* was: + +* A single whale dumping 100k of ETH that was bought during the pre-sale ICO. + +Why? + +* To force liquidation of long positions on margin. +* To stop-hunt. +* TO BUY CHEAP ETH. + +How? + +* 1. Execute market order to sell 100k of ETH +* 2. Execute market buy order to buy up all ETH up until original price. +* **3. Instant profit** + +What it wasn't: + +* ICOs dumping their ETH. +* Glitch in GDAX's system. +* Panick selling or bearish sentiment. + +What does this mean? + +* **Do not margin trade. Ever.** If you had a long position open with leverage, your position will have been liquidated when margin call hits. +* **Do not use a stop loss.** A poor sod had his stop loss at $316, it executed, but his ordered wasn't filled until $0.10 due to liquidity void. That's right, he sold all his ETH for $0.10. +* **Move your ETH off exchanges.** That's what an exchange is for, *to exchange ETH*, not to hold. + +Finally: + +* This has happened on Kraken. It just happened on GDAX. And it will happen again on any exchanges, especially ones that offer margin trading. +* **HODL HODL HODL HODL HODL.** + +EDIT: formatting. +EDIT2: Added *likely* to "what it was" +This is the [FV SATOSHI.](http://imgur.com/C7YGylQ) + +FV stands for Fishing Vessel. I just wanted to share the story of the best thing I've ever bought with Bitcoin. While people bicker over failed exchanges and crashing exchange rates, I finally got to see this beauty. That smile on that fisherman's face is really priceless. + +The fishing boat, which costs roughly $115, belongs to the first batch of boats donated through a project called "Pledge-a-banca" started by my friend, Jericho Ilagan, to help the fishermen of Tacloban, Philippines. Jericho and his wife and family are all natives of the city which was [leveled by the biggest storm the world has ever seen](http://www.esri.com/services/disaster-response/hurricanes/typhoon-haiyan-yolanda-swipe-map). He is now working tirelessly to provide a new life to those who lost everything in typhoon Yolanda (Haiyan). He has a pretty amazing story, and if you have a few minutes to spare, i strongly encourage you to read the whole thing [HERE](http://pledgeabanca.wordpress.com/about/) on their project webpage. + +When he started this project in late November with a simple goal of fifty boats, I convinced him to accept Bitcoin, and after explaining it to him, he thought that it was amazing and said "why not!" Less than 60 days after he started his humble project (using mostly social media), he received pledges for over THREE HUNDRED boats from friends all over the country and the world. Out of that 300, five (including mine) were donated using Bitcoin. He just finished the [first batch](http://imgur.com/yXWlNFJ) of [boats](http://imgur.com/v7TTvlQ) and mine was one of the first ones out of the assembly line. + +Rebuilding lives is a long term project and these guys need all the help they can get. If you feel like donating to the cause or even just helping out in any other way, you can message me and I can provide direct communication with Jericho himself via email or phone. Even if you cannot give anything, just sharing this cause would be a big help. + +As a plus, you can even name the boat you donate, which is pretty cool :) + +EDIT: If anyone wants to donate anonymously, I have told Jericho that i will be posting his address here and also, I will take all tips received on this post and give it to him as well. I'll make sure everything is accounted for and will post updates here. His address is 13ds3qLAVbZLrxt5YbH8WN8Z4o3aN91mTT. Thanks! + +EDIT2: I perfectly understand that some people will doubt if this is legit, and all I can say is if you have any questions to ask, message me and fire away. This is [Jericho's Facebook page](https://www.facebook.com/jerichoilagan) where he posts constant updates about the project. Hope this helps. + +**Update:** 12 hours after posting this, the address has received .17578 BTC and I received .01658 in bitcointips. That's .19236 BTC or **$115.99** at today's Bitstamp exchange rate of $603/BTC. I think we should name this boat **FV R/BITCOIN** :) + +**Update 2: (24 hours later)** Yesterday, Jericho ( /u/atletajericho ) added a "Bitcoin donations accepted" and QR code on the bottom of his project webpage. Thanks to everyone who gave something, it will be put to good use. When the boat we donated is finished, I will surely post it again on this subreddit :) + +**Update 3: (a little under 48 hours later)** Today Jericho was contacted by someone directly, and they sent 0.5 BTC to his address for TWO MORE boats, and then less than an hour later, another .21 BTC went through. That makes the total .90236 BTC or **$522.40** in less than 48 hours. Thank you kind sirs! That's FOUR more fishermen who gets their livelihood back! + +**UPDATE 4: (3 days later)** Received another full 1.0 BTC ($575.00) today from one generous individual. FIVE MORE BOATS! A few hours after, another .4 BTC ($230) came through for 2 more boats :) Total amount so far: **$1,227.40** or **ELEVEN BOATS!!!** Amazing. THANK YOU! + +**UPDATE 5: (~1 month later)**: Today, I just received .48 BTC ($216) and 2 weeks ago got .21 BTC ($115) for a new total **$1,558.40** for a new total of THIRTEEN BOATS! You guys rock :) +I fucked up. + +I worked with a university for 2 years, and converted to a full time student for my last year so i could do an internship. Turns out I had accrued over 12,000 dollars in employer contributions. + +After graduating, I went to rollover it to my new employer's 401k and guess what? Turns out that the university vesting period was 3 years. So i lost 12 grand just like that. + +TLDR: LOOK AT THE VESTING PERIOD OF YOUR EMPLOYER FOR YOUR 401K +The other day my job required me to tell someone that it was in fact legal for his landlord to kick him out with 20 days notice, even though it's basically impossible to find a place in that amount of time here. Guy has a family. It broke my heart because I'm soon to be in a similar situation, and even though I rub elbows with landlords every day, every single one I've talked to says they have upwards of 100 applications every time they list a unit. + +I make good money. My fiance makes good money. We have good credit. We're college educated and stable. We have no kids. We usually make it into the top five and then get beat out by someone who makes more than us. How the hell do people worse off than we are find housing if we can't even find housing? We only need another two or three years to save up a downpayment which puts us at a HUGE advantage compared to most millenials. What do people even do?? +Good Morning Apes! + +Another day of low volume and getting dragged around by the market in store for us on this lovely Thursday. Nothing significant is expected today we have resistance to the downside at 197.50 and the upside at 205. Max pain currently at 202.50 ideally we hold this channel while they crush IV. Expect shorting on wide bid spreads to drop us to lower channels as they angle to bring down the price without jumping the volatility. SPY is green in the pre-market so if we do get dragged around hopefully it's slightly to the upside. + +[GME Technical Supports](https://preview.redd.it/jm21wa1g0zy71.png?width=2456&format=png&auto=webp&s=421368ed2681495512a4f596342abb247c3a9ca0) + +If we fall through the long-term trend that we regained last week this presents and excellent buy opportunity and a chance to average down, for those that know how and have bought the shares they are going to buy a test of the EMA 160 presents and excellent opportunity to buy long-term option positions. + +Had a nice [talk with Houston Wade yesterday here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +We it looks like we saw a small amount of ETF exposure play out across the market today GameStop included. A small price bump but the low volume today kept us from pushing past the pull of max pain. It is still likely we close the week out tomorrow near or at 202.50. Thank you all for hanging out I'll see you tomorrow. + +https://preview.redd.it/egslyudu61z71.png?width=713&format=png&auto=webp&s=54197e3788e3418c4e48e2afab48eec4468fac86 + +Edit 5 2:49 + +Still not a lot happing barely any volume traded since the double test in that 207.50 range price is starting to come down a bit and likely will close closer to max pain. + +https://preview.redd.it/dozxjment0z71.png?width=1582&format=png&auto=webp&s=18c5c2a69fa67eeafd2b4edea12beee694725325 + +Edit 4 12:37 + +GME slowly pushing up towards that next strike level above 207.5, could be looking at a test of 210 + +https://preview.redd.it/tfbysv3y50z71.png?width=1593&format=png&auto=webp&s=554d5aefc0165f2af51a6fe6d3b1d5d87eeac879 + +Edit 3 11:36 + +Gme getting ready to test 205 volume is low but there doesn't seem to be a lot of active shorting + +https://preview.redd.it/gliczjf6vzy71.png?width=1581&format=png&auto=webp&s=e141f18c7785555049a62d3e1c49cba3415c6ad1 + +Edit 2 10:50 + +A bunch of the other Retail ETF stocks are moving hard right now M, DDS, JWN, BBBY...we may see some of this covering play out on GME if there are FTDs that need to be handled + +https://preview.redd.it/t474l6e1nzy71.png?width=1579&format=png&auto=webp&s=6f38d3d2d2a5f1f778eed4d544ef3b23d1e7dba8 + +Edit 1 10:01 + +GME bouncing to 202.50 then finding support again at 200. volume at 237k + +https://preview.redd.it/kmpz4ok8ezy71.png?width=1590&format=png&auto=webp&s=a41b8dbacbaf3fa06071a7e56c539f9af93f72d7 + +# Pre-Market Analysis + +Volume: 9.65k + +Shares to Borrow: + +IBKR: 250,000, borrow rate down to 0.7% + +Fidelity: 1,068,284 @ 0.75% + +Holding the 200 resistance in pre-market... + +[GME pre-market on the 1m](https://preview.redd.it/rf8uvgtn1zy71.png?width=1576&format=png&auto=webp&s=3d38628fe7d99d2d86906b6ba9ddb4a2a5f9595c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Heya Tree Lovers! + +&#x200B; + +I love trees, I love what they do for our environment, and I love looking at them, I love reading a book under them, and well... lets just say I will do anything to keep them, but we also love crypto and the digital world, so we decided to merge cryptocurrency and tree planting in one. + +&#x200B; + +Introducing **GREENTREE** + +**-** [**https://www.youtube.com/watch?v=zYCUQAFSgek**](https://www.youtube.com/watch?v=zYCUQAFSgek) + +*(Update) Partnership meeting with* [*onetreeplanted.org*](https://onetreeplanted.org/) *on the 13th April! (HUGE NEWS)* + +&#x200B; + +The Worlds First Fully Interactive **CLIMATE & ENVIRONMENTAL** Coin - Committed To Bringing Back **Forests/Wildlife/Habitats** + +&#x200B; + +**Website:** [www.greentreecoin.com](https://www.safetreecoin.com/) + +&#x200B; + +**WHITEPAPER:** the more people who invest into **GREENTREE**, the more **GREENTREE** can use its allocated tokens to **PLANT TREES** and **REVERSE** Deforestation & Cryptocurrency Blockchain Energy Use. + +We all know how much energy is used in the crypto space, and its not stopping, we cant stop it, but we can do our part and **JOIN GREENTREE'S** Cause! + +So, What makes this easily **THE BEST** investment of 2021? ill start here: + +&#x200B; + +***(REFORESTATION PROGRESS) -*** [***https://www.greentreecoin.com/pages/tree-planting-worldwide***](https://www.safetreecoin.com/pages/tree-planting-worldwide) + +**1,000 TREES** Planted Over The Last **THREE** Days - **AUSTRALIA / USA / CANADA** + +\- **840** Trees Planted In Important Locations The FIRE Ravaged 2020 Australian Bushfires Had Destroyed + +\- **100** Trees Planted Within CANADA/QUEBEC Where They Are Needed Most (Aid Natural Habitats) + +\- **60** Trees Planted In Oregon USA Where They Are Needed Most + +\- [Reforestnow.org.au](https://reforestnow.org.au/) + +&#x200B; + +&#x200B; + +***(WALLET DISTRIBUTION) -*** [***https://www.greentreecoin.com/pages/token-usage-alerts***](https://www.safetreecoin.com/pages/token-usage-alerts) + +**FIVE** Separate **GREENTREE** Wallets, with specified and allocated **TOKENS** in Each for the following: + +Wallet 1 - **\[Natural Disaster Reforestation / Relief Fund\]** + +Wallet 2 - **\[Agricultural Reforestation Fund\]** + +Wallet 3 - **\[General Tree Planting Allocation Fund\]** + +Wallet 4 - **\[GREENTREE Marketing Fund\]** + +Wallet 5 - **\[Exchanges & Listings Fund\]** + +&#x200B; + +***(Liquidity Locked)*** + +\- 1st July 2021 (4 Months) + +This project is already doing **GREAT** things for the world around them and its **TRULY** a world first in the crypto space. + +&#x200B; + +&#x200B; + +**How To Join Our Movement** + +\- [https://www.](https://www.safetreecoin.com/pages/how-to-invest)[greentreecoin](https://www.safetreecoin.com/pages/project-whitepaper)[.com/pages/how-to-invest](https://www.safetreecoin.com/pages/how-to-invest) + +&#x200B; + +**Pancakeswap Link** \-  [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171) + +(Contract name will be ''safetree'', we have changed names marketing wise due to not wanting to be associated with a ''safe'' coin for the time being. + +&#x200B; + +**Roadmap** \- [https://www.greentreecoin.com/pages/project-roadmap](https://www.safetreecoin.com/pages/project-roadmap) + +&#x200B; + +**Whitepaper & Tokenomics** \- [https://www.greentreecoin.com/pages/project-whitepaper](https://www.safetreecoin.com/pages/project-whitepaper) + +&#x200B; + +**Coingecko.com** \- Applied (In Progress) + +**Coinmarketcap.com** \- Applied (In Progress) + +&#x200B; + +**Telegram:** [t.me/greentreecoin](https://t.me/greentreecoin) (Daily Updates) + +&#x200B; + +**Twitter**: [https://twitter.com/GreenTreeCoin](https://twitter.com/GreenTreeCoin) + +&#x200B; + +**Reddit:** [r/greentreecoin](https://www.reddit.com/r/greentreecoin/) + +&#x200B; + +**So Why Should You Join Greentree:** + +\- 1,000 Trees planted so far - Australia (Bushfire Recovery), Canada, USA + +\- **CERTIFIED** by [onetreeplanted.org](https://onetreeplanted.org/) one of the greatest worldwide non-profit 501(c)3 Tree Planting Charities + +\- A little community video made [https://youtu.be/zYCUQAFSgek](https://youtu.be/zYCUQAFSgek) + +\- Click here to view a certificate from [onetreeplanted.org](https://onetreeplanted.org/) (800 trees planted in Australia) + +\- [https://twitter.com/GreenTreeCoin/status/1376337914997526530](https://twitter.com/GreenTreeCoin/status/1376337914997526530) + +\- Partnership meeting with [onetreeplanted.org](https://onetreeplanted.org/) on the 13th April! (HUGE NEWS) +My mortgage is only 3% on a 15 year loan, it’s a great rate and I’m scheduled to have it paid off by 2028. My mortgage payment without taxes and insurance is about $2500/month with a current balance of $216,000. Our household is about to become dual income and could realistically pay off the mortgage in about a year. Logic says keep the cheap mortgage and invest. Logic also tells me I cannot find an investment that will kick off 30k/year net for only 200k invested. I’ve looked into MFH real estate but the risk is significantly higher than just paying off my primary. I currently have a 14 unit real estate portfolio I built up before the wife stopped working so I’m versed on how the real estate works. + + +Thoughts? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, + + +Edit3: Good morning everyone! Rip inbox. Thanks for all the support! + +Edit2: Thank you everyone creating this great archive of ideas. Its bed time here. Will take a look tomorrow again. Thanks again! + +Edit1: I picked up the kids. Need to cook and make dinner. Thx all for the advise and general good stuff. Tonight I will respond to other replies and ideas. +Thx again! P + +Can the Redditors help me out? + +I am Peter, 38yo, married, two young children and 100% declared unfit to work by our government here in The Netherlands. + +I receive now disability benefits instead of salary for the rest of my life. How long that is depends on my fkced up illness. + +I am born with the illness called Cystic Fibrosis (CF). Life expectancy is 40yo. In short CF fucks up my lungs due to chronic lung infections. So much that transplantation is needed if there is a donor. If not. Then its my time to say goodbye to my wife and children. Luckily i am lungfunction wise still on the good side of the balance. + +I want to educate myself at home to make up for the loss of salary and to have something for myself to develop. On my own terms and my own pace. So when i have a good day i can learn something and work a bit and on bad days nobody expect something from me. + +But i am lost in translation concerning possibilities. + +I looked at: +1. Android / iphone apps developement at home. +2. Game streaming on twitch/ youtube. Note that i am a gamer first, I like to stream since a few years; maybe i can be more professional about it and make a buck / Euro. +3. Getting in stock exchange? +4. ... + +Are there people out here in similair positions who can help me out with idea's? Or are here people wo have dealt with people in my situations and have tips? + +My work CV: + +1. Business Continuity Management (BCM) expert at Ernst & Young for Europe and Middle East. +2. BCM expert for Capgemini. +3. Information security management consultant + +School: +1. Bachelor degree +2. Shit ton of business courses, self development courses, sales during my wokring days. + + +My affinities in random order: +1. Sports; doing itself and watching +2. Fantasy (LOTR, GoT,...) +3. Gaming +4. Everything about Space, planets etc etc... +5. Music listening and want to learn to play the gitar. +6. Reading + +Thanks so very much. + +Cheers, +Peter + +Ps. Dont know if you all need proof? Look at my history there are some comments in relevant subreddits. If you all want more let me know. +For example I iceskated 116 km in 9 hours to battle CF and got sponsored for it. +Yesterday's popular askreddit post: https://old.reddit.com/r/AskReddit/comments/fa00m2/if_you_could_pick_between_100000_tomorrow_or/?sort=new + +So many people seem to think they can average better than 26% increases over the next 10 years. Either people don't under the math or are widely over estimating how well you can realistically do in the stock market game. + +How do you not take the guaranteed 26% APR over 10 years?? +I feel like either +A. You profit but the underlying drops so your future CCs have less premium +B. You profit but the underlying soars past strike. Feels bad + +Never seem to get the sweet spot where it expires *just* ITM/ATM lol +I currently have a little over 5k in my account, and have been wheeling lower priced stocks with some pretty good success. + +I’m contemplating depositing another 8k into my account and mainly just focusing on selling puts on a specific company, such as AAPL. I’m stuck between whether this is a smart move or risky, what are your thoughts? +[Check out the option tree](https://imgur.com/a/lvmsY4u) + +I sold one put for $400 and the stock price was $27, the stock is now at 30 and the 15 put price is STILL 4.10 - Meaning the stock would need to go below $11 to lose on the trade and it’s never been below $23.55 in the past 52 weeks. + +It was at $1.50 in 6/2020 then they did a 1 for 15 reverse split. + +14.1 M current shares outstanding +x15 means they had 211,500,000 shares outstanding when it was $1.50, making the market cap $31,725,000 + +If it were to reach the previous market cap of $31,725,000 +($317,250,000/14100000 [current shares]) the price would be $22. +So if the market cap hit the lowest it was at previously it would still be $22. + +**Forte Biosciences, Inc. to Review the Second Quarter 2021 Results and Expects to Announce Topline Data From Phase 2 Clinical Trial of FB-401 for the Treatment of Atopic Dermatitis on September 7, 2021.** + +*What's even crazier are the prices of calls!* +- + +edit: removed incorrectly placed $ +WOW... today was interesting!! + +The day started off on a rise. This is a change of pace from the usual morning dip to allow any "rise" that may happen to only mildly impact the price by end of day. But the most surprising thing today was that it never went below that opening price. It was green the ENTIRE day. What the what?? + +They tried to shove that slow rise back down, but some large buy pressure came in at 11:30 (almost on the dot) and skipped it up. I noticed at that particular moment, a wall went up at the 159.00 price. We are talking very decent-sized wall, too. Not something the average retail buyer could do ($1.1 million) + +Remember this wall. I think it's important today. + +&#x200B; + +https://preview.redd.it/h9h0f3k9uki71.png?width=366&format=png&auto=webp&s=b7691f44975a2963f5826f004d1070347989acee + +A few minutes after that, as the price continued to climb, I noticed that the wall didn't deter whoever was investing, and someone put up a second, smaller wall (just in case??) at the 158.59 spot. Again, it wasn't a tiny wall (about $180K in value), but it was much smaller in comparison. + +&#x200B; + +https://preview.redd.it/ceeuegwiuki71.png?width=363&format=png&auto=webp&s=65507c4eb559855db2870bbd689b404ae517299c + +That secondary wall was taken down a few minutes later. I didn't see the price go anywhere near that amount, and it came off the books. The interesting part is that as it came down, the price rose up to that big wall, almost immediately. There was very little time between it coming down and that nice up-tick-gapped-jump. + +&#x200B; + +[... \(almost touching\), but bouncing off of an old \\"support\\" line I had sketched in from previous analyses... ignore that line.](https://preview.redd.it/vgvzu223vki71.png?width=1124&format=png&auto=webp&s=8d3ade2b799ec51512a39c16d26a53df9d078466) + +It was actually very interesting to see. As it touched that wall, it fell away, and volume dried up to high-triple-digits. For GME, that's very low volume. That kind of low volume revealed some funky numbers in the order books. (Here's just one that I saw throughout the day.) + +&#x200B; + +https://preview.redd.it/jgnxlzlfvki71.png?width=359&format=png&auto=webp&s=57bcfae5c80c1d47abe5ba9ab85c78fb5f490739 + +*Side thought: Can you imagine when this pops off? I know there are lots of orders in hidden books between 162 and 15,876. And at the moment it pops off, many, many more orders will hit the books in less than a microsecond to slow the rise. But dang!!!! With volume this low, it won't take much for it to jump WAAAAAAYYYYYYY up there. BLAST OFF!!!!* + +Okay... back to the play-by-play. And this is where it got interesting for me. 90% of the time, walls are dropped, not "bought through" or "sold through". They exist to deter or block certain price movements. Today, I happened to look up at the ticker I keep on my 3rd monitor JUST IN TIME to see (boop!) three things happen at the exact same moment. + +1. This massive buy volume popped up into the volume graph. +2. The big 7,286-share wall just ... vanished. POOF! +3. The price barely wiggled. + +Either the timing of cancelling the wall was VERY coincidental of a big purchase (very possible)... or someone bought the entire wall all at once. I was so shocked, I grabbed a shot of that, too. + +&#x200B; + +[BOOM!!! The wall is gone.](https://preview.redd.it/14vpolj8wki71.png?width=1487&format=png&auto=webp&s=9856ed15bb7bac275063f555c486915cd8cc091f) + +And of course, immediately after that happened, it got even green-er... is that a word? More green? Greenier? + +&#x200B; + +https://preview.redd.it/dmzc43aowki71.png?width=546&format=png&auto=webp&s=2aa4c56f045fef106499cff4c4b01c9bc1592712 + +I'm not sure what happened today, to be completely honest. We can speculate T+35. Moonjam ending. Hype train. Ryan's Tweets. But in the end, who really knows. All of the above???? + +I've gotten so accustomed to hedge funds and other bad actors manipulating the price DOWN on Fridays for us to "wallow in our failure" that I had almost completely expected it to hit 140 today, just for them to flex. I think they're running out of "flex" power. We all know how it ended, today. I don't think any ape missed that number today. If so, go check the final number. It was glorious. + +So.... that's it from me today. + +Going to take a break for the weekend, enjoy time with my family, and have a great couple of days. I'll see you all on Monday. My tickets are purchased, and my seatbelt is fastened. Everything else is just watching the performance. + +&#x200B; + +EDIT: Typos and math errors. +Hi guys, + +Can you recommend a speech recognition library that a) can recognize financial terminology b) free/cheap? + +I tried free Google free API library but there's a limit to how much can you process. I tested IBM Watson which is paid and it's not great i.e. for SP500 I get "S. and P. five hundred" which is fine but also word "pattern" became "Patton" and some more nuggets. + +I also tried [speechtext.ai](https://speechtext.ai) which honestly did a very good job and I'm happy with it, but pricing wise it's too much. + +Any recommendations? There seem to be many more libraries and the good ones most probably will be paid, but I thought maybe I can save some time and ask here. Thanks +There are many LSTM tutorials, courses, papers in the internet. This one summarizes all of them. In this tutorial, there are different section: Introduction to Deep Learning, Recurrent Neural Networks (RNN), Long Short Term Memory (LSTM), Stock Price Prediction Code using LSTM. It will continue to be updated over time. It may be beneficial for everyone. + +[https://github.com/omerbsezer/LSTM\_RNN\_Tutorials\_with\_Demo](https://github.com/omerbsezer/LSTM_RNN_Tutorials_with_Demo) + +Extra: Reinforcement Learning Tutorial: + +[https://github.com/omerbsezer/Reinforcement\_learning\_tutorial\_with\_demo](https://github.com/omerbsezer/Reinforcement_learning_tutorial_with_demo) +Usually under 5% of my orders are executed on a daily basis. I send in around 100 orders a day. I just pick middle of the bid-ask spread. All these orders are for options credit or debit spreads. + +Is there a way to assess likelihood of order execution? I have looked at bid ask spread, bid ask size, volume on that day... + +Any ideas what else I could look at or is there a threshold I should use for bid/ask size or spread? +For anyone that has built their own system I am curious how you optimized your data processing. + +There are things like order routing and processing the main data feed for alpha signals that obvious need top priority. + +Then there are things like reporting, logging, and other things that can run in the background. These types of things don't require the same attention to latency as the rest of the tasks. + +So how are you separating out things? I am looking for some best practices in general here. Specifically I am exploring pros and cons of running lower priority tasks outside of the main thread, or using Async on these to not molest higher priority things on my main thread. + +So in short how do you handle blocking? Any opinions or thoughts on the subject would be appreciated. +I see a lot of these posts, and am curious about the people posting them. Are you all aware of country clubs / city clubs / high end communities (like Discovery who own the Yellowstone Club, Baker's Bay, Ironhorse, etc.)? + +I ask this because "making connections to other FATfire (i.e. rich) people" appears to be a relatively solved problem in the world (this is how wealthy people have socialized for centuries) but seems to persist here as something people struggle with. The above + university network + current and former colleagues network are the main ways most wealthy people I know do make / maintain these connections. + +As a borderline-fat-not-yet-fire person who intends to leverage many/most of the above, I'm curious why these tried and true paths aren't working for people. + + +EDIT: also for those who have children, the parents of their kids' classmates seems to be a really popular one too +For the first time in my life, I have kept $300 in my account by my next paycheck multi weeks in a row (4).Hard af with a 5 year old but man, the way it makes me feel waking up and seein enough money to make it through the Day! +Its a work in progress but im working on it. +I’m very convinced PLTR will go to 50 end of year, do I go all in for that time period to lock in the highest gains? + +Would this be to risky? Should I play it safe, +V +If the government had made no bailout or assistance outside GSEs in 2008-2009, and if Bear Stearns, Merrill Lynch, Lehman Brothers, Citi, Morgan Stanley, and Bank of America (and possibly JP Morgan and Goldman Sachs) all failed, what would the effect have been on the economy? Would other, healthier banks or new companies step in to fill the vacuum? How much would the 1700 or so companies that use commercial paper for financing be affected? Would most of these companies be able to get bank lines of credit instead? Would the unemployment rate be worse than it has been? How much would the small local and regional banks be affected? Would banks be able to handle mortgages without the MBS market? +Good news, everyone: NFT interest is rapidly dwindling. + +&#x200B; + +This indicates that the overall momentum of the NFT market is weakening, and supply is catching up to dropping demand. We'll see fewer $300k Monkeys JPEGs, and things will begin to slow down now that it's becoming more difficult to flip the NFTs for a bigger sucker to buy in. + +&#x200B; + +[Image is selfexplanatory](https://preview.redd.it/pq40q2hx0jo81.png?width=1200&format=png&auto=webp&s=91d2f420af8a7057419bd78717dfa5a58bf414c2) + +So, what does this mean for ordinary crypto enthusiasts like myself and you? + +The altcoin season is approaching. Not to note that, despite the fact that their NFT barrier of entry is decreasing, gaming tokens are anticipated to surge. + +LFG +I have the benefit of working in a high income career (300k+ in my mid-20s) but have to live in a VHCOL city. I definitely can't afford to buy apartments that I would live in given that fully-baked monthly ownership costs (mortgage+HOA+maintenance) is at least 2x rent rates here. Given the spirit of fatFIRE, I'm living in a nice place, not being very frugal (though still well below 20% of my gross income). + +That said, I could definitely afford to throw some cash into down payments for real estate properties outside the city in nearby LCOL areas that I think have growth potential. What I've heard is that mortgage rates and down payment requirements are much worse for non-primary residence mortgages, but aside from that, are there good reasons to not consider doing this before owning a primary residence? + +I'm generally well-diversified already between index funds and some private investments (work in finance so have access to private funds on a no-fee basis), but have no real estate exposure. The other alternative I'm considering is just buying REIT stocks. Any thoughts? +https://i.imgur.com/GtFdcel.jpeg + +Poor Cramer. Bet he's having a coke inducted meltdown right now. + +Also, why the fuck are we limited to text posts only. using imgur is for fucking boomers. Are these fucking mods now boomers? Bet they'll be buying long ITM leaps on Exxon next, turds. +###FunFair. An in-depth analysis. + +FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts, and proprietary state channels to deliver casino solutions with games that are fun, fast and fair. + +FunFair is *not* a casino. Instead, FunFair will license its technology out to casino operators. This differentiates FunFair from the competition in the blockchain gambling sphere – being a casino carries with it risks and burdens stemming from statutory and regulatory hurdles. Being a licensing entity instead, provides legal safeguards and will enable a more widely used platform. + +I’d like to touch on the many aspects of FunFair that makes it an extremely promising and undervalued project. However, I won’t be making any price projections. As always, do your own research. In this case, I’ve done a lot of it for you. + +**The market.** + +Online gambling is a large market: currently over 47.1 billion dollars, and projected to continue increasing. +https://www.statista.com/statistics/270728/market-volume-of-online-gaming-worldwide/. + +**The problem and the solution.** + +Trust. Traditional online casinos rely on you trusting them to be fair. The chance of red coming up on roulette is 48.65%. How do you know your traditional online casino is giving you those odds? You don’t – you need to trust them. Most online casinos are incorporated in island microstates. Do those nations have online casino regulators? Do they possess the willingness, manpower, and expertise to audit online casinos? + +FunFair puts the gambling on the blockchain so it’s trustless – you know you have a 48.65% chance of having red come up. It’s fair. + +**The team.** + +FunFair has their ground covered and bases loaded. With their team of 30+ professionals they are way ahead of the competition. You may know CEO Jez San, OBE, from his career track: Argonaut Games (founder), Star Fox (programmer), and PKR Poker (founder). He has been in the gaming industry for more than two decades, and has built valuable relationships along the way. Constantly engaging with the FunFair community through Telegram, Discord, and Reddit, it seems as though he leaves no engaging question unanswered. +Alongside Jez as COO is David Greyling (https://www.linkedin.com/in/davidgreyling/), former International Director of William Hill, one of the world’s leading betting and gaming companies and one of the most trusted brands in the industry. (https://www.williamhillplc.com/about/). + +Further, FunFair is looking to expand – and fast. They expect to have a team of 50+ people in the not-so-distant future, as they are currently hiring business and marketing professionals. So, if you’re looking for an opportunity to showcase your expertise in these fields, try your shot at securing a position within the company! (https://www.funfair.io/careers) The FunFair team’s base of operations is in London, UK. + +**The platform.** + +FunFair presents its casino operators and players with a gaming opportunity never seen before: + +* Decentralized, serverless +* Provably fair, blockchain-based +* Trust-less outcomes that can be witnessed on verifiable smart contracts +* Instant cashouts – FunFair does not hold your funds +* Accessible through web browser on desktop or mobile +* Fun games with an exciting user interface +* Fast gameplay conducted through Fate Channels – the team’s custom version of State Channels. The Fate Channels developed by the FunFair team are superior technology. In very basic terms, Fate Channels are what supports the communication during a game session between the player and the casino. They provide a fast, low cost method for random number generation, starting gaming sessions, ending them and settling with smart contracts on the blockchain. This allows for secure, deterministic, fair gameplay. There is only one gas fee needed to start the game session. For an in-depth explanation that you won’t be disappointed in reading, please refer the the technical white paper here: https://funfair.io/wp-content/uploads/FunFair-Technical-White-Paper.pdf + +FunFair is already prepared for mass adoption and has a working solution for Ethereum network congestion. Fate Channels. + + For more discussion both technical and company related, have a look at both whitepapers: https://funfair.io/explore/whitepapers/ + +**The games.** + +FunFair is pursuing a full suite of traditional casino games: + +* Blackjack +* Baccarat +* Craps +* Roulette +* Slot machines (various types) +* Video Poker (5 card and 3 card) +* + more + +You can test all of these games at https://showcase.funfair.io/. Some are currently testable on the Ethereum testnet. + + FunFair is one of the **only** projects in the cryptocurrency space that has a working product. They are set to launch in the beginning of Q2 of 2018. + +**What have they been up to? Are they on track?** + +Consistently ahead of schedule and on top of their roadmap in many ways, FunFair was a sponsor of DevCon 3 and had one of the most engaged-with booth setups. They connected and networked positively with many developers at the event. +https://twitter.com/FunFairTech/status/926113230677856256 + +They’ve recently received the Malta iGaming award for “Best ICO of 2017” which was determined by a nomination panel of 5 industry experts, and a panel of 32 judges with many years of combined experience in gaming. The awards were hosted during Malta Gaming Week; a very large event attended by many business executives, authorities, and even local government: http://maltagamingweek.com/ + +They’ve been constantly updating their product showcase, and adhere to all feedback received by community members. Their new showcase was designed to “be able to cope with adding more games easily by the team + third parties, and also to be configurable by casino operators.” +Some of their product update can be found here: https://funfair.io/awards-latest-product-update/ + +**How does the token (FUN) derive value?** + +FunFair does not issue dividends or offer profit sharing – FunFair has no profit to share. The technology will be licensed to casino operators for free – itself a major draw for existing casino operators to adopt the FunFair platform. FunFair does not take a cut of the profits from any of the casino operators – they’re free to keep all profits to themselves. With a fixed supply, the value in FUN is derived from scarcity of the token in the marketplace. Scarcity comes from four sources: + +* Casinos holding FUN as part of their bankroll (described more below) +* Players holding FUN and not cashing it out immediately after they play +* Speculators (investors) holding FUN anticipating it will increase in value +* Token burn: a small amount of FUN will be slowly destroyed over time. The exact amount has not been announced, though it will likely be quite small. + +That first scarcity factor will be key, as casinos will need large bankrolls of FUN to operate a large casino with multiple games and high max bets. Think about it this way: if a casino has a roulette table with 1 seat, and a 5000 FUN bet limit, it will need to be armed with at least 175,000 FUN to let a player come by and spin the wheel (5000 max bet * 35, the max payout on roulette of a single number hitting). + +**Plans for the future & the latest company update .** + +* New high-level employee added to the team: Stefan Kovach- was Brand/Marketing director for large gaming brands such as bwin and Poker Stars for many years. https://uk.linkedin.com/in/stefankovach + +* Development will be finished for Q1 2018, allowing for advancement in operations and partnerships at the beginning of Q2 2018. + +* FunFair is in the process of acquiring their Remote Gambling Software License, which will enable them to license their technology to existing and regulated casino operators. + +* FunFair has steady operational costs covered for the entire year, as well as an 85,000 ETH reserve/storage for any and all upcoming costs. + + **An Updated Roadmap (December 20th, 2017)** + +>Q1: + +>In January we will be submitting to the UK Gambling Commission our application for a Remote Gambling Software License. + +>In February we will be attending ICE Gaming, an international B2B conferencing event, where we will be introducing the FunFair brand to the gaming industry. + +>By the end of March V1 of the FunFair blockchain casino nears completion. This release will allow for real FUN to be used on the Main Ethereum Network for the first time. + +> Q2: + +>Operator On-Boarding: Deploying the FunFair casino in partnership with a friendly operator; objective: learn, adapt & iterate the technology as part of a soft launch. + +>Further product enhancements and features will continue to be worked on and, as we scale, we expect to introduce more regular product releases. + +>Engaging with 3rd party game developers, publishing API documentation and sample games and contracts. + +> Q3-4: + +>Product feature enhancements and further operator on-boarding. +>Comprehensive operator reporting and administration tools. + +Full update: https://funfair.io/company-update-december-2017/ + + So, if you’ve read this far, you can now see how professional and enlightening this team has been with their project. I believe that within the following months, FunFair will show us exactly why they are one of the best projects in the cryptocurrency space right now and beyond. + +---- + +*TL;DR* - Licensor of provably fair blockchain casino technology. Professional team of 30+ employees, full transparency in company actions and initiatives, proprietary technology that is near-ready for mass adoption, consistently on-track with road map. They have tackled a problem head-on with the gambling industry, and are ready to provide their solution. Strong community of both members and developers. + +Special thanks to u/Commissar_ for the assistance in writing this. + +*x-posted from /r/cryptocurrency* +First and foremost, I am a crypto investor, a tech enthusiast, and a developer. I have recently invested in whatever Reddit has been shilling, which includes TRON. Now, don't get me wrong, this coin has gotten me great returns thus far, but after a closer examination of its whitepaper and marketing, I am seriously doubting the legitimacy of this project. + +Here are some specifics about the marketing that have caught my attention: + +the amount of futuristic buzzwords and abbreviations like "Great Voyage" or "Star Trek" to capture attention + +the recent partnership with game.com, which appears impressive, but is a shitty website recently created to promote TRON. Its only game, Cryptodoggies, is very superficial with almost no feature except the ability to purchase virtual pets with TRON. Take a look for yourself. + +In its whitepaper: + +35% of coins go to the founders, while 10% of the initial coins go to Peiwo, a startup recently created by the founder of TRON. + +TRON claims that Peiwo is China's largest music content community with 10 million users and 1 million daily users, and will soon support TRX. This is a blatant lie; Peiwo is similar to game.com, a buzzword startup created by Justin to campaign this coin. Its App Store release only has 2,000 total reviews. Again, you can take my word or do some Googling for yourself. + +Anyways, I encourage you all to do some research on this coin, and let me know if you agree or disagree! + +Edit: upon some further digging, I have found similar concerns from other Redditors that didn't seem to raise any attention: https://www.reddit.com/r/binance/comments/6w41e0/anyone_even_verified_peiwotron_claim_of_10m_users/ +&#x200B; + +>Part 1: Understanding the players - DTCC, NSCC, Cede & Brokers. +> +>Part 2: What happens with the stock dividend distribution for GameStop's stock split? +> +>Part 3: For those questioning whether market participants short this stock can just borrow more to cover or counterfeit more shares to prevent the price appreciation and squeeze. +> +>Part 4: A look at Tesla's stock split as a comparable for GameStop. + +# Part 1: Understanding the players. + +**The Depository Trust and Clearing Corporation (DTCC)** is an American financial services company, owned by Banks and Brokers, that provides clearing and settlement services for the financial markets. + +T**he National Securities Clearing Corporation (NSCC)** is a subsidiary of the DTCC. The NSCC operates as a seller for every buyer, and buyer for every seller in the financial industry for trades that settle in U.S. markets. + +**The Continuous Net Settlement (CNS)** System is NSCC’s core netting, allotting and fail-control engine. It is an automated accounting system that centralizes settlement and maintains an orderly flow of security and money balances. Within CNS, each security is netted to one position per Member, with NSCC as its central counterparty. Within CNS, NSCC acts as the central counterparty for clearance and settlement for virtually all broker-to-broker equity, corporate and municipal bond and unit investment trust trading in the United States. + +CNS settles trades from the nation's major exchanges, markets and other sources and nets these transactions to one security position per Member per day. Cash dividends, stock dividends, bond interest, and mandatory corporate actions are automatically debited or credited to Members' CNS accounts with open fail positions. On settlement date, all trades due to settle are netted by issue to a *net long* (buy) or a *net short* (sell) position, + +**Cede and Company**, also known as "Cede and Co." or "Cede & Co." (shorthand for "certificate depository"), by Nasdaq definition, is the Nominee name for DTCC - a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock. Cede and Co is a specialist United States financial institution that processes transfers of stock certificates on behalf of the DTCC. Cede technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede. *\[*[*https://www.reddit.com/r/Superstonk/comments/mvvspq/cede\_co\_the\_secret\_trilliondollar\_company\_that/*](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/)*\]* + +**Brokers:** A prime brokerage (PB) is investment banks and other financial institutions that offer a bundled group of services to hedge funds and other large investment clients that need to be able to borrow securities or cash. A broker-dealer (BD) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals. + +A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades for its own account. The services provided under prime brokering include securities lending, leveraged trade execution, and cash management, among other things. Prime brokerage services are provided by most of the largest financial services firms, including Goldman Sachs, UBS, and Morgan Stanley. + +&#x200B; + +# Part 2: What happens with the stock dividend distribution for GameStop's stock split?: + +When a company declares a stock dividend the information is generally provided to DTC by the security’s issuer (GameStop) or agent (ComputerShare) in the form of an event announcement. This information is then sent to all clients of DTC’s Corporate Action Service (Brokers). + +When it is time for the stock dividends to be allocated, all entitled holders at DTC are sent confirmations communicating information associated with the dividend event. The message can feed directly into a client’s system (eg. Brokers) so that they can pay their holders (eg. Non DRS Apes) and perform their reconciliation process as soon as their account at DTC has been funded. + +The DTC is the ultimate 'record keeper' of the legitimate shareholders brokers have registered as holding GME in street name with Cede and Co. When GameStop / Computershare sends the confirmation of issued shares, the DTC facilitates the distribution of these shares for record holders and manages the Broker reconciliation. All shareholders not short the stock are entitled to the GME share split stock dividends. + +DD supports GME is heavily shorted, as well as having significant counterfeit shares hidden through manipulative derivative strategies. Shareholders that bought these shorted and counterfeited shares *are legitimate owners* of the stock, and are entitled to the stock split share dividends. However GameStop will not issue enough stock dividends for these positions - and it is the Brokers that hold the ultimate obligation for the stock split share dividends for their eligible shareholder clients. At this time it remains unclear as to whether the DTC initially issues enough shares for all eligible nominee accounts to the Brokers and then *works behind the scenes for reconciliation with the brokers* \- or on the stock split distribution date, will some Brokers based on their net settlement balance receive an insufficient amount of shares / shortfall on the amount of shares required for distribution to their clients? + +Market participants who have borrowed and sold shares short are responsible for those additional/missing stock dividends, and will be on the hook to close their positions and make restitution to the Lender / Broker they borrowed from (in this circumstance this might be in cash or stock, but the end-game result is that at some point one of the participants actually needs to go to the market and actually purchase the shares to close the position). Same applies with bag holders from the sale of the counterfeit shares that are now held by clients in a Broker account. + + Addressing the Speculation: If the DTC does not allocate enough shares for the stock split to Brokers by the stock split distribution date, some of the more nefarious brokers will have over-extended themselves and due to lending / shorting GME may be in a position of being unable to procure enough shares for their eligible shareholders. In certain circumstances, some Brokers may have the option to payout in cash in lieu of stock on a declared dividend. However, clarification needs to be made on whether this option actually pertains to a stock splits or only to declared dividends and not stock split allocations (Will the DTC allocate enough shares for the stock split and later reconcile short positions direct with the Broker?). + +Note: *For Tesla, we have not seen any reference to shares not being delivered*, or cash in lieu of stock awarded. Tesla's squeeze happened over *several* months after the ex-dividend date, so I would assume the shares / shorts that were created from the legal shorts and counterfeits were being *reconciled behind the scenes* and closed during this period (or at least some of them). \[Remember, Tesla also had high short interest that declined without share price appreciation the year prior to their stock split, only to squeeze a year later with their stock split in the form of a stock dividend\]. + +IMO financially stable brokers would not want the reputational risk etcetera of not delivering shares. However, in a worse case scenario, if a shareholder is allocated cash in lieu of GME shares, the shareholder could then buy GME with the cash equivalent (with negative tax consequences to having received the share dividend). + + *Stock splits (in the form of stock dividends) are not the same thing as declared dividends. \[Please see my profile pinned post '**It's a stock split (in the form of a stock dividend) - not a declared dividend. Taking a look at what this means; Along with a look at charts from Overstock's digital dividend and the stock splits by form of a stock dividend for NVIDIA & TESLA**'\]:* + + Interactive Brokers (IB): To summarize, if by the record date of a dividend certain shares have not been delivered to IB, the Firm will be paid an amount of cash *t*hat is equivalent to the dividend amount \[note: this happens when shares are leant out and the borrower provides restitution in cash instead of returning the share\], but IB will not receive a qualified dividend payment directly from the issuer. In such cases, the Firm will receive payment in lieu (PIL) and will have no choice but to allocate such payment in lieu to customer accounts. The firm first allocates PIL to those accounts who hold the shares as collateral for a margin loan. If, after PIL is allocated to all shareholders whose accounts are not fully paid, any portion of PIL remains to be paid, it is allocated on a pro-rata basis to each remaining client account. [https://ibkr.info/article/2713](https://ibkr.info/article/2713) + +DTCC service guide – distributions: [*https://www.dtcc.com/\~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf*](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf) + + +# Part 3: For those questioning whether market participants short this stock can just borrow more to cover or counterfeit more shares to prevent the price appreciation and squeeze. + +&#x200B; + +>(i) Keep in mind the current reported SI, lack of $GME liquidity, high borrowing costs and margin requirements. +> +>(ii) Consider the amount of counterfeit or synthetic shares that DD supports exists and is hidden through manipulative derivative strategies. + +If the borrowed short positions and the counterfeit shares aren't covered prior to the ex-dividend date, GameStop will only issue a specific number of shares to the DTCC based on the split ratio to be distributed to shareholders. Assuming 7:1, they are issuing an additional 6 shares for every legitimate share owned. Multiply all of the legitimate shorts and more importantly the counterfeit shorts by a factor of 7. We are likely talking billions of shares that need to be procured overnight. + +We are already at 100% utilization of shares available to borrow by lender (at a significant cost to the shorts). The stock split does not increase this amount available on the already leant out shares. Where and how will the additional, potentially billions, of shares to borrow come from? + +GameStop's recent 10k shows the weighted averaged diluted Common Shares outstanding for GME at 72.6 million. Less: Institutional Unknown: 28,413,271 \[includes illiquid Mutual Funds & Pensions: 8,004,284, ETFs: 6,588,016\], Insider: 12,716,820, Shareholder DRS total: 8,900,000. This represents a remaining tradeable float of only approximately 22.5 million shares. \[Note this is a bit dated - pulled it from a prior post of mine\]. + +There just isn't enough shares in the system available to make this happen - too much volume to control. Plus consider the margin requirements to borrow this many shares. This stock will be under a microscope by apes and others, and the illegal creation of outright counterfeit shares in this volume would be traceable and well documented for court litigation - of which most prime brokers-dealers would outright avoid at the sake of (including but not limited to) reputational risk, potential jail terms and revocation/banning of future trading. There are simply too many shares to 'poof into existence'. Look at how the internalization of shares got away from them back in the Jan '21 'sneeze squeeze'. + +Plus, there is a high probability that the lower share cost after the split will result in some FOMO. Options will be cheaper to purchase and exercise, and at least some covering of shorts is probable. Market participants short the stock are just digging a deeper and deeper, more costly, hole to bury themselves in. + +I believe the Tesla stock split by form of stock dividend in August 2020 is a great comparison for GME. They had high short interest that miraculously declined without real appreciation of the stock price. After the share dividend, they squeezed - huge. GME has less outstanding shares, but less liquidity, and DD supports an extensively higher hidden SI. Apes have DRS their shares, and the liquid shares available to trade are miniscule. + +Plus, IMP, I am a firm believer that RC / Gamestop have a secondary plan to eradicate the shorts. It may take some time, but as a follow up to the stock split I think there is a high probability that some type of crypto / NFT unit|dividend|token / digital dividend / spin-off related to their Marketplace will happen. + +'Checkmate!' + +# Part 4: A look at Tesla's stock split (in the form of a stock dividend) as a comparable for GameStop. + +Short interest and borrowing fees on Tesla were considered high at a reported 7.10% SI to float and a 0.30% borrowing fee. Note GameStop's *reported* SI and borrowing fees are *extensively* higher. Current Ortex data shows GameStop reported short interest is at 22.21%. Cost to borrow 8.72%. + +[https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high](https://www.thestreet.com/tesla/articles/tesla-short-interest-declines-as-stock-hits-all-time-high) + +[https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/](https://electrek.co/2020/08/20/tesla-tsla-surges-near-2000-stock-split-shorts-running/) + +&#x200B; + +[Tesla's 5:1 stock split in the form of a stock dividend. Announced August 11, 2020. Record date August 21, 2020. Ex-dividend date August 31, 2020.](https://preview.redd.it/k6vgsny1piu81.png?width=1003&format=png&auto=webp&s=c49b109e648eb997a21f255bca5cec39d5bb023a) + +Note, similar to GameStop, Tesla's short interest declined without share price appreciation the year prior to their stock split. After the dividend distribution, Tesla's shares squeezed over a period of several months. GME has less outstanding shares, but less liquidity, higher borrowing rates, higher margin requirements, and as DD supports - an extensively higher hidden short interest. + +Tesla's reported short interest hit a May 2019 high of *only 43.66 million* shares shorted. GameStop had reported short interest of *over* *200 million* by FINRA report - [309.43% SI in October 202](https://www.reddit.com/r/Superstonk/comments/u2ylh7/never_forget_gamestops_short_interest_in_october/i4q9ep7/?context=3)0 and 220%+ during January 2021 'sneeze squeeze' (court docs). + +[Share price reflected is after Tesla's 5:1 stock split. Multiply shares owned by 5 and then watch the price appreciation. Zoomed-in to December 2020 - it kept running after this.](https://preview.redd.it/1hl1gv25piu81.png?width=514&format=png&auto=webp&s=5ad7face6b410bc66e5200ce5d9b9f29a36a7783) + +&#x200B; + +# Bonus: These posts tie in nicely to this information: + +[*https://www.reddit.com/r/Superstonk/comments/u1j1gd/its\_a\_stock\_split\_in\_the\_form\_of\_a\_stock\_dividend/*](https://www.reddit.com/r/Superstonk/comments/u1j1gd/its_a_stock_split_in_the_form_of_a_stock_dividend/) + +[*https://www.reddit.com/r/Superstonk/comments/u6ota1/gamestop\_moass\_drs\_intensifies\_the\_squeeze/*](https://www.reddit.com/r/Superstonk/comments/u6ota1/gamestop_moass_drs_intensifies_the_squeeze/) + +&#x200B; + +Buy, Hold, DRS, Hodl, 'Share the Story' & Vote! + +>To the moon fellow apes! + +&#x200B; + + DISCLOSURE: * Information contained in this post has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +Opinion only. Never Advice. +It seems to me that Bittrex has decided to keep all of the GAS that has been accumulating in the NEO/Antshares holders accounts. I have held quite a lot on the Bittrex exchange until just recently when a wallet compatible for my Mac was developed. GAS started accumulating immediately just like it does on the newly opened Binance exchange. It seems like Bittrex is trying to pull a Coinbase maneuver, where they were going to try and keep all the Bitcoin Cash (for a huge windfall profit) until a large amount of members started posting and threatening lawsuits. They are finally doing the right thing, just taking their sweet time about it. All NEO owners who had or still have your NEO on Bittrex need to start blasting them on every social media platform in the crypto space to get them to do the right thing. This is stealing your money and mine. I've already sent messages to Bittrex support and will continue to do so. Good luck to everyone in this same situation. +It seems to me that Bittrex has decided to keep all of the GAS that has been accumulating in the NEO/Antshares holders accounts. I have held quite a lot on the Bittrex exchange until just recently when a wallet compatible for my Mac was developed. GAS started accumulating immediately just like it does on the newly opened Binance exchange. It seems like Bittrex is trying to pull a Coinbase maneuver, where they were going to try and keep all the Bitcoin Cash (for a huge windfall profit) until a large amount of members started posting and threatening lawsuits. They are finally doing the right thing, just taking their sweet time about it. All NEO owners who had or still have your NEO on Bittrex need to start blasting them on every social media platform in the crypto space to get them to do the right thing. This is stealing your money and mine. I've already sent messages to Bittrex support and will continue to do so. Good luck to everyone in this same situation. +**TL;DR:** I simulated a 1-year movement of 10 top cryptocurrencies using an advanced statistical method called geometric Brownian motion, which you can find below. I also created a spreadsheet to simulate prices of ~24 different cryptocurrencies, which you can download here: https://docs.google.com/spreadsheets/d/1eUIgBowJs2NyKw7kYbx5z_VeCOxsMQdNELfbngs4XnY/copy. The sheet utilizes a paid add-in, which I provide free of cost to those who are less fortunate. + +## THE MYSTERY OF PRICE MOVEMENT + +So, you’re sitting at your computer with money to invest. + +You have made some good money already in the market, but you want more. + +Cryptocurrencies have reached a record [$600 billion in market value](https://www.ccn.com/cryptocurrency-market-cap-climbs-to-600-billion-as-bitcoin-price-recovery-continues/) after the recovery, with the inevitable $700 billion mark right around the corner. + +The price movement of top currencies remains a mystery. But it doesn’t have to be. + +## THE PAIN OF UNCERTAINTY + +Cryptocurrencies are volatile, irrational beasts. + +Simple methods of forecasting grossly over/underestimate the potential of a volatile currency. + +For example, moving averages are used frequently to estimate future prices. Moving averages, however, [suffer from many pitfalls](http://www.investopedia.com/articles/trading/11/pitfalls-moving-averages.asp?lgl=rira-layout) that make them poor estimators of volatile markets. + +Every great and successful investor has a plan. You will add one more tool to your arsenal today. + +## A BETTER METHOD FOR ESTIMATING CRYPTO PRICES + +In my prior article about [estimating the movement of Bitcoin Prices](https://medium.com/@spreadstreet/bitcoin-madness-how-to-simulate-bitcoin-prices-in-google-sheets-c61cb42f26ed), I spoke of a method that is used frequently in the stock world to estimate prices. + +This method is a Monte Carlo simulation using the geometric Brownian motion model. + +I won’t cover off on the full methodology here, but essentially I am going to: + +1. Get historical daily prices for 10 top cryptocurrencies +2. Calculate daily returns +3. Simulate a year +4. Simulate a year many times + +By the end of the article, you will have the following: + +* A one-year simulation of top cryptocurrencies +* Likely price range of each cryptocurrency +* A downloadable model to complete yourself + +*A note on forecasting, simulations, and recommendations: Monte Carlo +simulations are to be used as guidelines and tools, not as gospel. I am not +offering financial or investing advice.* + +## BITCOIN + +#### What is Bitcoin? + +You know what Bitcoin is, stop it. + +#### One-Year Simulation + +[1-Year Simulation of Bitcoin Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*urHMeecyVx17Fr6zQRs4lA.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Bitcoin Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*Mh7NEK_rOlW5qisAidn0Xw.png) + +#### Verdict + +We can be 95% certain that **Bitcoin prices will fall between $9,095, and $371,588 with a median of $60,837**. + +## BITCOIN CASH + +#### What is Bitcoin Cash? + +From the Bitcoin Cash project website: + +> “Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully +> decentralized, with no central bank and requires no trusted third parties to +operate.” + +Really, it was an additional currency that was created after a fork from Bitcoin +core. + +#### One-Year Simulation + +[1-Year Simulation of Bitcoin Cash Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*og542H6uARZ3j7jG3U-Eyw.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Bitcoin Cash Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*XMJCqAtDiLGFP_SXhn6okQ.png) + +#### Verdict + +We can be 95% certain that **Bitcoin Cash prices will fall between $197, and $180,288 with a median of $4,839**. + +## ETHEREUM + +#### What is Ethereum? + +Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, +fraud or third party interference. + +Ethereum has been busy recently. Multiple steps have been pushed in motion for the upcoming large change — reaching a new consensus method. + +From [Jordan Daniel at ethnews.com](https://www.ethnews.com/ethereum-stepping-stones-constantinople-and-casper): + +> Ethereum’s Byzantium hard fork was only one half of a two-part process designed +> to transition the decentralized application platform to a new method for +reaching consensus — proof-of-stake. The next hard fork, called Constantinople, +was recently discussed during an Ethereum core developer meeting and could +include Vitalik Buterin’s Casper update. + +#### One-Year Simulation + +[1-Year Simulation of Ethereum Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*Z6eKkQXb0mIGfDOulvhwzA.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Ethereum Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*MbLrkDqEiF7ZaiwEUcwYbg.png) + +#### Verdict + +We can be 95% certain that **Ethereum prices will fall between $193, and $8,027 +with a median of $1,267**. + +## EOS + +#### What is EOS? + +EOS is a blockchain-based, decentralized operating system, designed to support +commercial-scale decentralized applications by providing all of the necessary +core functionality, enabling businesses to build blockchain applications in a +way similar to web-based applications. + +#### One-Year Simulation + +[1-Year Simulation of EOS Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*0TS8EizPApfxm_T0d9be7w.png) + +#### One-Year Simulated 1,000 Times + +[1-Year EOS Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*_d52Hl9jHCkBZrcdf5QBpA.png) + +#### Verdict + +We can be 95% certain that **EOS prices will fall between $0.98, and $1,386 with +a median of $33**. + +## LITECOIN + +#### What is Litecoin? + +Litecoin’s claim to fame is faster transaction processing times. It uses a +scrypt-based mining proof-of-work algorithm to target the regular computers and +GPUs most people already have. + +The ability to target regular computers and GPU’s happens to be a huge +differentiator from the crowded mining population of Bitcoin. + +#### One-Year Simulation + +[1-Year Simulation of Litecoin Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*Y68-_K8AelNm0uISx61RIw.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Litecoin Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*rrdHRBBLhGiD2QLjBT_oKA.png) + +#### Verdict + +We can be 95% certain that **Litecoin prices will fall between $42, and $12,241 +with a median of $745**. + +## OMISEGO + +#### What is OmiseGO? + +OmiseGO is building a couple of things: + +1. Decentralized exchange +2. Liquidity provider mechanism +3. Clearinghouse messaging network +4. Asset-backed blockchain gateway + +OmiseGO is not owned by any single one party. Instead, it is an open distributed +network of validators which enforce behavior of all participants. + +According to +[Blocknight](https://medium.com/@coinrepeater/what-is-omisego-omg-72fd1e532d3e): + +> Also, OmiseGo counts Vitalik Buterin (Ethereum), and Joseph Poon (Lightning +> Network Co Author) among their advisers. Joseph Poon is actually billed as +author of the OmiseGo whitepaper. + +Those are some pretty big names. + +#### One-Year Simulation + +[1-Year Simulation of OmiseGO Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*KTTQKYxPI5x8iVULLCA7sQ.png) + +#### One-Year Simulated 1,000 Times + +[1-Year OmiseGO Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*S2vMp4dTkj1UX9gKM7Ml4g.png) + +#### Verdict + +We can be 95% certain that **OmiseGO prices will fall between $0.62, and $185.35 +with a median of $8.56**. + +## NEO + +#### What is NEO? + +NEO (formerly known as AntShares) is a smart asset platform and the first open +source public blockchain project in China. Smart assets are the combination of +smart blockchain contracts and digital assets. + +#### One-Year Simulation + +[1-Year Simulation of NEO Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*-K3MCwKd4UpX_YjkWChu3A.png) + +#### One-Year Simulated 1,000 Times + +[1-Year NEO Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*w92sTLQshI4r94smyLmsmg.png) + +#### Verdict + +We can be 95% certain that **NEO prices will fall between $3, and $3,076 with a +median of $115**. + +## RIPPLE + +#### What is Ripple? + +Ripple is a system created for banks to enable immediate payments and lower +costs. + +The vision of the Ripple creators is to allow a bank transfer in a few seconds +(instead of the horribly annoying 2–3 business days). + +Of note, is that Ripple is a U.S. based company. From the [xrphodor +blog](https://xrphodor.wordpress.com/): + +> Ripple is a US-based company. + +> Why is this an important point to consider? A US-based company like Ripple is +> subject to some very stringent laws regarding securities trading and money +transmission. These include requirements that define how Ripple might interact +with crypto markets and both institutional and retail crypto traders. + +#### One-Year Simulation + +[1-Year Simulation of Ripple Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*GDdxIecE4I5suTZUAGr_Iw.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Ripple Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*fWyK2FgQdx7TjVz50xOR8Q.png) + +#### Verdict + +We can be 95% certain that **Ripple prices will fall between $0.05, and $163 +with a median of $2.71**. + +## MONERO + +#### What is Monero? + +Monero attempts to solve privacy and fungibility issues that persist in Bitcoin. + +Part of the algorithm for Monero automatically mixes transactions with previous +transactions and does this by implementing ring signatures. + +#### One-Year Simulation + +[1-Year Simulation of Monero Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*_rjhaDv6ZRmxeDs16Bk1Mg.png) + +#### One-Year Simulated 1,000 Times + +[1-Year Monero Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*B25Mnjeer-qyQhZelDPYTw.png) + +#### Verdict + +We can be 95% certain that **Monero prices will fall between $68, and $8,142 +with a median of $760**. + +## Zcash + +#### What is Zcash? + +From the [Blockchainhub +infographic](https://blockchainhub.net/blog/infographics/zcash-explained/): + +> Zcash is a permissionless cryptocurrency that can fully protect the privacy of +> transactions using zero-knowledge cryptography. + +#### One-Year Simulation + +[1-Year Simulation of ZCash Prices and Returns](https://cdn-images-1.medium.com/max/1000/1*2fZ-f8Hyv84iUvVTxyJv_A.png) + +#### One-Year Simulated 1,000 Times + +[1-Year ZCash Prices Simulated 1,000 times](https://cdn-images-1.medium.com/max/1000/1*8KUc4p3k9Dxi66sVkC5qug.png) + +#### Verdict + +We can be 95% certain that **Zcash prices will fall between $54, and $6,259 with +a median of $549**. + +## YOUR VERY OWN FORECASTING TOOL + +Since i’m so nice, I went ahead and created a forecasting tool for you to use: + +https://docs.google.com/spreadsheets/d/1eUIgBowJs2NyKw7kYbx5z_VeCOxsMQdNELfbngs4XnY/copy + +### SERVICES USED: + +1. Google Sheets +2. [Spreadstreet Google Sheets +Add-in](https://chrome.google.com/webstore/detail/spreadstreet/fghpmppcbabgnpekploacbjijhppnkpp?authuser=0) +3. StockTwits +4. CoinMarketCap API + +Full disclosure: The google sheets add-in is a 14-day free trial, and $15 per +month after. However, no one should be refused access on the basis of money +(especially true for students and less fortunate). Send me a message, and I will +make sure you are not left in the dark. + +### A NOTE ON SECURITY + +Users have expressed hesitation about running a google sheets add-in on their +main computer, so I will attempt to ease those concerns: + +* I am located in the U.S., and my business is registered in the state of Maryland +* If this were malicious, people would have downvoted the add-in into oblivion, +and it would have been removed from the store +* **If you are still worried, you can open it within a virtual machine and test it +first** + +### WHAT IT PULLS: + +* 90-day history of ~24 different cryptocurrencies +* 1-Year simulation of prices +* 1-Year simulation of returns +* 1-Year simulation ran 1,000 times + +### GETTING THE SPREADSHEET TO WORK FOR YOU + +**Install the Spreadstreet add-in for Google Sheets** + +* [Click this link to download the Spreadstreet Google Sheets +Add-in](https://chrome.google.com/webstore/detail/spreadstreet/fghpmppcbabgnpekploacbjijhppnkpp?authuser=0) +* Follow the installation instructions included with the add-in and log-in + +**Get sheet ready for use with the add-in** + +* Important Open the template, click the menu Add-ons / Spreadstreet / Help / View +in store, and then click Manage and in the dropdown menu click Use in this +document. +* Login to the Spreadstreet add-in for the first time (Add-ons -> Spreadstreet -> +Open) and keep the window open + +**After logging into the add-in, change the dropdown reference** + +* In the analysis tab, change the “SELECT CURRENCY” dropdown (B3) to one of the +other choices…this refreshes the pull +* Note: CoinMarketCap API has limits. Be careful when attempting to refresh the +sheet too many times + +### TROUBLESHOOTING + +1. *Important* Open the template, click the menu Add-ons / Spreadstreet / Help / +View in store, and then click Manage and in the dropdown menu click “Use in this +document.” +2. A reload of the entire worksheet fixes quite a few problems. +3. Deleting and re-pasting the formula in A1 of the “Candles” tab fixes things as +well. +4. If all else fails, drop me a message +5. The “SELECT CURRENCY” cell in the Analysis tab (B3) refreshes the pull. Change +the results for new data. + +**When I try and change a coin, I get a #DIV/0 error** + +Login to the Spreadstreet add-in, and keep the window open. Try changing the +dropdown again. + +**I have tried logging in, activating the template with “Use in this document” +and refreshed the sheet…still nothing.** + +Head to the “Data” tab. Delete the formula in cell A1, and repaste the +following: =SS(“candles-bitfinex”, ticker, “1D”, “hist”, true, “”, “”, “”, “0”) + +## CONCLUSION + +Whether you are investing in Bitcoin, Ethereum, or SpankCoin, it is imperative +to have a plan. Most notably, a worst-case scenario. + +The Monte Carlo simulation is a fantastic way to get a range of prices for a +cryptocurrency. And after reading this, you can see how the final values change +drastically depending on what you are looking at. + +I urge you to download the sheet and try your own hand at simulating different +coins. The sheet is setup to pull in every single coin from CoinMarketCap. + +Cheers, and happy hunting + +Original article can be found here: https://medium.com/@spreadstreet/10-statistical-price-predictions-for-10-cryptocurrencies-january-2018-3dcf04bf9d9a + +## RELATED POSTS + +[Financial Modeling for Cryptocurrencies: The spreadsheet that got me my first +1,000% +gain](https://medium.com/spreadstreet/financial-modeling-for-cryptocurrencies-the-spreadsheet-that-got-me-my-first-1-000-gain-f4d0d1a6e5ed) + +[A Super Simple Cryptocurrency Arbitrage Spreadsheet for Finding Mismatched +Prices](https://medium.com/spreadstreet/a-super-simple-cryptocurrency-arbitrage-spreadsheet-for-finding-mismatched-prices-a6e8b12dd8b0) + +[Bitcoin Madness: How to Simulate Bitcoin Prices in Google +Sheets](https://medium.com/@spreadstreet/bitcoin-madness-how-to-simulate-bitcoin-prices-in-google-sheets-c61cb42f26ed) + +[7 Smart Ethereum Price Prediction Methods for +HODL’ers](https://medium.com/@spreadstreet/7-smart-ethereum-price-prediction-methods-for-hodlers-7f08aad60cb1) +A lot of personal finance advice is straightforward applications of math: Keep expenses less than income. Pay off highest interest rate debts first. Compound growth is your friend. + +Then there are legal requirements and benefits: Use tax-preferred retirement / HSA accounts. Keep insurance in force. Know how self-employment taxes work. + +This post is about less-obvious ways to use existing US laws to your advantage. (Our friends in other countries are welcome to lobby for local versions *in their associated personal finance subs*.) + +Provisions you may not know, though your tax software should be able to help with these if you tell them you qualify: + +Taxes / tax planning: + +- Take advantage of "[adjustments](https://smartasset.com/taxes/tax-breaks-you-can-claim-without-itemizing)" like IRA/HSA contributions, student loan interest, self-employment taxes/health insurance paid, etc., to reduce taxable income if you are eligible. You can take these even if you do not itemize. There is a special $300 charitable contribution adjustment for non-itemizers for the 2020 tax year. + +- If you are not a full-time student and earn less than 33K single / 66k jointly, you can use the [Saver's Credit](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit) to get a tax credit (better than a deduction!) for a portion of your IRA or 401k contributions, even for Roth contributions. You can even deduct a contribution to get your income to qualify. + +- if you are a full-time student, you can take advantage of tax breaks such as the [American Opportunity Tax Credit](https://www.irs.gov/credits-deductions/individuals/aotc) if you meet the requirements. Note also that scholarship money for tuition is not taxable income. + +- If you have children who will be full-time students in the future, you can often get a current break on state taxes with a [529 plan](https://www.savingforcollege.com/intro-to-529s/what-is-a-529-plan). Growth on this money is untaxed if used for educational expenses, but taxed and penalized if used for something else. + +- Gifts and inheritances are generally not taxable to the recipient, even if over $15,000. Other untaxed "income" includes most insurance payouts and damage awards; child support; rebates and credit card spending bonuses. Remember that loans are not income, though forgiven loans typically are. + +- You don't owe any [capital gains taxes](https://www.taxpolicycenter.org/briefing-book/how-are-capital-gains-taxed) on appreciated investments until you realize them by selling. If you do have a taxable gain, you can't eliminate it just by buying something else. You can deduct same-year realized losses from realized gains. If you have more losses than gains, you can deduct $3000/year from other income and keep taking that loss against gains in future years until it is used up. + +- You pay [no federal income taxes at all on long-term capital gains](https://www.thebalance.com/how-to-use-the-zero-percent-tax-rate-on-capital-gains-2388995) if your taxable income (including those gains) is less than the top of the 12% tax bracket. That could be $105,000 gross income for a married couple filing jointly, $52,000 single. You can can do this at any age, unless you are someone's dependent. + +- Sales of a personal residence often have [no capital gains tax](https://www.investopedia.com/ask/answers/06/capitalgainhomesale.asp) as well. You have to have lived in the house as your primary residence two of the past five years; you get $250,000 per sale ($500,000 for a married couple). This is often enough to make selling a house better financially than keeping it to rent. + +- If you rent a room in your house, part of all of your housing expenses (including insurance and utilities) [can be Schedule E expense deductions against your rental income](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) (but you need to declare the rental income.) You don't have taxable income / deductions if your roommates who share the lease give you money to send to your landlord. + +- You might get a 1099K for things you sold online; this is not necessarily taxable income to you, since you can reduce that income by the cost of the items you sold. If you received a 1099K reporting income that wasn't really yours , e.g. for selling something on behalf of someone else, use a [nominee distribution](https://www.investopedia.com/terms/n/nominee-distribution.asp) declaration to avoid being taxed on it. + +- If your spouse owes money to the federal government from before you were married, use an [injured spouse](https://www.irs.gov/irm/part25/irm_25-018-005.html) form to keep the IRS from withholding your share of a joint tax refund. This is different than an [innocent spouse](https://www.irs.gov/taxtopics/tc205.html) situation, where your spouse tried to evade taxes without your knowledge. + +Retirement: + +- Think you make too much money to contribute to a Roth IRA? Think again! The [Backdoor Roth IRA](https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/) may work for you. There's even a [mega-backdoor Roth](http://www.madfientist.com/after-tax-contributions/) for high-income people with certain 401k plans. + +- Always take the 401k match if you have it. Employer contributions to your 401k [don't count](https://www.investopedia.com/articles/personal-finance/112315/how-401k-matching-works.asp) against the 19.5k limit. + +- If you change you mind about making an IRA contribution, e.g. your income becomes too high for it to be deductible / allowable, or you just contributed too much, you can [remove the money](https://investor.vanguard.com/ira/excess-contribution) or recharacterize / convert the money to another type of IRA before the tax filing deadline without penalty. + +- Self-employed people have [lots of options](https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people) for retirement accounts, including a solo-401k and a SEP IRA. This can apply even if you have employment retirement savings. The solo-401k allows more contributions but has to be set up in advance. + +Health insurance: + +- If you change jobs and don't have insurance coverage for a time, you have 60 days to elect continuing (COBRA) coverage, during which time you are eligible to be covered even if you haven't and won't pay for it. [This works retroactively](http://www.mymoneyblog.com/cobra-and-retroactive-health-insurance-coverage.html); you can decide to take COBRA at day 59 if you do have major expenses, pay for it, and be covered for the previous 59 days. + +- You have to have an [HSA-eligible HDHP](https://www.peoplekeep.com/blog/how-to-tell-if-your-high-deductible-health-plan-is-hsa-qualified) to contribute to an HSA. You can keep prior contributions even after you give up an HDHP, you just can't contribute more to it. If you change plans mid-year, it might change how much you can contribute to your HSA that year. + +- The penalty for lack of health care coverage is gone at the federal level, but check if your state has a penalty now. There are five states including California with a penalty, as well as DC. + Congratulations to every single person who played a part in getting the eth2 Beacon Chain to mainnet - you are forever legends. + +&#x200B; + +[Beaconcha.in](https://preview.redd.it/g6ps4d45ik261.jpg?width=1379&format=pjpg&auto=webp&s=a7aa9ffd201084313c91b625be8e598e657bff7c) + +&#x200B; + + Active Validators: 21,063 + +&#x200B; + +[Genesis Checklist](https://preview.redd.it/p1j3mlgcik261.jpg?width=1634&format=pjpg&auto=webp&s=7409a4e57f4f6943a4a06111b55cf49dc2c11969) + +Its a great news guys, How are you feeling on this today, My eth bags will rocket soon I am damn high today +I know this sub can be passionate about alt-coin projects. Please read and consider before commenting or downvoting. + +This is a response to [this post](https://www.reddit.com/r/CryptoCurrency/comments/vrcb1h/i_calculated_how_much_a_coin_would_be_worth_from/) that got a lot of attention recently. + +I get it. Alt-coins are enticing. But the above post is very dangerous. People who read the above post seem to erroneously assume that all of those alt coins will eventually come back to its ATH. Because crypto always comes back, right? This leads readers to conclude that they should put money in the alt-coin that has fallen the most percentage-wise for the highest gains when the ATH comes back. This is NOT analysis. This is a fun, fantastical thought experiment. None of this logic is based in reality, I'll do my best to explain. + +Let me start with this statement that should be the whole takeaway of this post: \***NO MAINSTREAM ALT-COIN HAS EVER ACHIEVED ATH AGAINST BITCOIN IN TWO CONSECUTIVE CYCLES.** (\*The only exception I know of is Dogecoin, and only because Elon pumped it. Hardly a sustainable model or basis for investment. So it'll be ignored for this post.) + +What this means is, every dollar you invest in crypto will be better going to Bitcoin than any other coin. I know a lot of people love their alt-coin projects that they are passionate about. I love crypto and want to see it succeed. But please look at the price history of alt-coins. They all fail against bitcoin in the long run. I'm not trying to crap on any alt-coin project you are passionate about, it very well *may* succeed and be the next bitcoin. All I'm saying is let's look at how well this bet has performed in the past. + +Pretty much every alt-coin price history looks something like this: + +https://preview.redd.it/2p967fpnija91.png?width=1890&format=png&auto=webp&s=02d96d6103f84cf9cae4abfb4670e91b8156fea1 + +Here's FTM. A decent project that was promoted by many. Such is the alt-coin life cycle. There's a price discovery in a bull run, temporary euphoria (this is where most of us buy in, near the ATH), and then death. Doesn't recover from that. Go look for yourself! Look up any alt-coin price history and it'll look pretty much like this. It would have been better to put that money in Bitcoin. + +But what if we just weather the bear market? Just like the above post in question, what if we buy more when it's low and get XXX% return when it hits the ATH again! It's a bigger return than even Bitcoin returning to its ATH! People I know did this same "what if it went back to ATH?" experiment back in 2019. We all put a decent amount of money into NANO, because we would 30x our money! Well, look what happened: + +https://preview.redd.it/7qcwew1pija91.png?width=1888&format=png&auto=webp&s=002daf610a4a3bfdb4112f4398111fdb7e795c8c + +Didn't get close to its ATH. It would have been better to put that money in Bitcoin. + +But what about coins where it DOES hit another ATH? Some coins will do that, here's ADA for example: + +https://preview.redd.it/e4k2odbqija91.png?width=1894&format=png&auto=webp&s=65ae3ba3c25bc1e76588c45f2a1cb4f533b45142 + +It shattered it's ATH! What a great one to hold! Actually, no. Look at it's price against Bitcoin: + +https://preview.redd.it/5by4lhuqija91.png?width=1880&format=png&auto=webp&s=dbebc656e9d64c18272326826a40649c294fc6db + +Even ADA, the "ETH-Killer" didn't reach another ATH against bitcoin. It would have been better to put that money in Bitcoin. + +And here's ETH: + +https://preview.redd.it/mb7hfvq8yja91.png?width=1874&format=png&auto=webp&s=e62eb3387c24a0b8ce83bff3bccce66ea46314d1 + +Yes, ETH, like some alt-coins, retouched it's USD ATH. But not against Bitcoin. + +For any dollar you put into a crypto that's NOT bitcoin, you are making one of the worst bets in history. Far worse than casino odds. You are literally betting for something to happen that has pretty much never happened before. Yet people still put money in alt-coins! Even the "smart money" does. A 2019 study by Deloitte found that a simple buy and hold strategy of bitcoin outperformed every single crypto hedge fund. Embarrassing. + +Another AWFUL bet is anything in the top 10! Every coin that entered the top 10 has lost value against BTC from then on. And when one leaves the top 10, it has never returned. (Again, except DOGE). If you own a coin in the top 10, or worse, continue owning it after it leaves the top 10, you are making one of the worst bets in history! It doesn't matter how passionate you are about the community, or how much you just know/believe that the coin will be the next big thing. History shows you are most definitely wrong in this bet. Should put the money in Bitcoin. + +One case for alt-coins that lots of people make is the bitcoin dominance chart. Guy from Coin bureau likes to point this one out a lot. According to him, it has been "dropping like a rock" since 2017: + +https://preview.redd.it/rw8wnptrija91.png?width=2714&format=png&auto=webp&s=e68b17a33b1b1a6c8341aac05cd7f3a2ee025d51 + +So the future is alt-coins right? Bitcoin is clearly losing market share to alts, right? Actually, this metric tells the opposite. Consider the sheer number of coins now in existence, along with the insane growth of stablecoins. If all components of this metric remained constant over the past several years, then I would agree that the future seems to be alt-coins. However, in 2017 there were less than 1000 cryptocurrencies. Now there are over 20,000! And value in stablecoins has exploded. So now, there are 20x more alt-coins and over 100 billions dollars of stablecoins in the denominator of this metric competing for marketshare against bitcoin. To have all that be added to the denominator and BTC dominance still be so high is remarkable, and only proves that it will continue to be the most valuable chain for the foreseeable future. History shows any bet against bitcoin has been a bad one. + +Lastly, if you simply MUST invest in an alt-coin for whatever reason, here's my advice on how to do it. + +&#x200B; + +1. Ignore any alt-coins that have already made the upside-down V pattern in the first visual. If that's already happened anywhere in its price history, then ignore it. +2. Find a new alt-coin that has a sideways price pattern and was created during the current crypto winter. +3. Its value proposition must be something that hasn't had a bubble yet. No BTC forks/clones. No NFTs or platform tokens. No DeFi or DEX coins. Something new, like maybe soul-bound tokens for this next rally? (Not a soul-bound token itself, because that can't be sold, but a token for its infrastructure) +4. Sell it somewhere in the next bull run. Don't get too greedy, take the profits and put them in Bitcoin. + +I do not consider myself to be a Bitcoin Maxi. Too many people lose money in alt-coin projects. Too many newbies buy an alt-coin as their first coin. Yes, there is money to be made in alt-coins, but mostly by getting in and out at the right time, not through a buy and hold which is 1000x easier. Yes, there's money to be made in some alts, but by and large it's better for the money to be put in Bitcoin. If someone has more info to prove me wrong or teach me something, please do. But unless you can, please learn from the price history of alt-coins. Buy bitcoin, put it in cold storage, and wait. History \*so far\* has shown that to be the best thing. + +tl;dr Price history of alt-coins against Bitcoin proves that holding alt-coins are always a bad investment. +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. +[Happy Friday R\/Superstonk, Jellyfish back at it with you with a hypothesis](https://preview.redd.it/u4r4if42d7a71.jpg?width=320&format=pjpg&auto=webp&s=b678d36021d5997ff097f08a050aaad8aaad8182) + + Before we go any further, this is not financial advice and is all pure speculation. I am 100% ready to be proven completely wrong when GameStop drops what is actually going on. + +# The Game: + +[ Minecraft](https://preview.redd.it/0z6qjatdd7a71.jpg?width=300&format=pjpg&auto=webp&s=1bd5441b9da979f4351a24a9257114af5d2a7b91) + +# Who is involved: + +[GameStop](https://preview.redd.it/8hn5k8cnd7a71.jpg?width=400&format=pjpg&auto=webp&s=4fa6d48420e3287fd400fdceddd579f3b1144c67) + +[Astro Gaming](https://preview.redd.it/r4ah2nosd7a71.png?width=224&format=png&auto=webp&s=03a228eab54240cd6112bc40e1c180cd3c779156) + +[Minehut](https://preview.redd.it/og8x5hhxd7a71.png?width=256&format=png&auto=webp&s=356b0fa3fc267bf73384145ed419a56b5dbf93d2) + +[Microsoft](https://preview.redd.it/927e29h1e7a71.png?width=299&format=png&auto=webp&s=f66c792f51c8d8cc409502593a3b72ad51ccda9a) + +# IRL Merch to pair with digital NFTs: + +[Moose](https://preview.redd.it/0vljj9yne7a71.png?width=208&format=png&auto=webp&s=32c5d5ab9f6a419d0f0c3f74e2eb9d8b641b2d1e) + +# The Event: + +[Moonjam](https://preview.redd.it/sac2485xe7a71.jpg?width=1920&format=pjpg&auto=webp&s=0be44399a6ea17467038a247681a280f40d7ba16) + +# Who brings what? + +Gamestop: GameCoin (GC? For short?) and a GameStop powered E t h e r e u m-based digital marketplace for NFT transactions. + +Astro Gaming: Esports marketing and gaming peripherals partnership with GameStop + +Minehut: The infrastructure service provider to power the Minecraft multiplayer servers that are guided by GameStop smart contracts—taking the role of server operators. + +Moose: Real-life merchandise products tied to NFT creations. + +# How I see this going down: + +GameCoin (GC?) isn’t an NFT per se but the governance token of the Moonjam platform, a GameStop powered E t h e r e u m-based NFT marketplace and metaverse leveraging Minehut’s infrastructure to power a Minecraft NFT gaming and metaverse experience in association with Astro Gaming for Esports and gaming peripheral tie ins. + +Moonjam will be a blockchain-based GameStop-powered Minecraft metaverse that allows players all the power in choosing how to play the game with in-game rewards powered by smart contracts. This could be distributed as a Minecraft in-game currency, GameCoins?, or a combination thereof? + +https://preview.redd.it/y24fjv7df7a71.jpg?width=300&format=pjpg&auto=webp&s=9634bd0c1604b88a1877c6749436cd3833d032d5 + +There will be an achievement system recorded on the blockchain, (taking the place of "advancements" in the Java Edition of the game, and "trophies" on the PlayStation). + +The game world is composed of NFT objects "blocks"—representing various materials, such as dirt, stone, ores, tree trunks, water, and rocket fuel, redstone, which can be used to make primitive mechanical devices, electrical circuits, and logic gates, allowing for the construction of many complex systems. I believe the core gameplay could revolve around picking up and placing these objects to build a rocket to go to the moon? + +Players have the ultimate power in how resources are allocated in this world. Players can "mine" blocks and then place them elsewhere, enabling them to build things (creating a new item/NFT with unique attributes) that they have ownership of and can choose what to do with: hold, trade in the marketplace, sell for Gamecoin, use Gamecoin to buy other resources to add on to what was previously built? The options are really only limited by the imagination as the game world is virtually infinite. + +This solution-driven by smart contracts programmed to fairly and provably power the procedurally generated world as players explore it, using a map seed that is obtained from the system clock at the time of world creation--July14 4:20pm PDT? JULY 20 | 2PM EDT | 11AM PDT ? + +For the Minecraft user experience, this allows seamless interoperability between future games and removes any barrier preventing players from traversing to locations. + +I believe the in-game time system follows a day and night cycle powered by GameStop smart contracts. + +I am sure this will touch all modes of gameplay, but I want to focus on multiplayer and the private server audience. + +For most of its life, Mojang has allowed private Minecraft servers to exist with few if any, caveats. But in June of 2014, Mojang started cracking down on private servers and limiting what made them **unique**. + +While Mojang/Microsoft is well within their rights to protect their brand and enforce their EULA, the changes have potentially damaged the community, perhaps irreparably, until now? + +https://preview.redd.it/cr9fcfjxf7a71.jpg?width=1080&format=pjpg&auto=webp&s=e3cca7aeb759bc2a02c61a63fed493793c62c585 + +Part of the reason for the popularity of private servers is the inadequate nature of official offerings from Mojang—**players want the power to create**. For example, their multiplayer platform, Realms, tries to allow this, yet it has yet to catch on in the way that private servers have, given how easy they are to set up, modify, and maintain in comparison to private servers. **This community is willing to do the work to build what they want to see, they just need the bricks!** + +That’s only one part of private server popularity, though. In many ways, Mojang/M$ offloaded the responsibility of community management and development to independent actors. **Private servers have worked hard to foster and maintain the community that made Minecraft such a phenomenon, and nft.gamestop.com will allow them a real stake in these communities they love!** + +The largest of these private servers provide a home for a competitive player base that prefers fast-paced PvP to Minecraft’s more idyllic survival mode, with the most popular modes such as Walls, Skyblock, and Factions being a combination of combat and building. + +The exact number of players playing Minecraft primarily or exclusively through private servers is difficult to quantify, but it’s significant—I have read Hypixel alone tops 10 million unique accounts. This dwarfs axies stats [that I covered previously](https://www.reddit.com/r/Superstonk/comments/ogfwxn/tldr_power_to_the_players_is_real_and_apesgamers/) (just to give you a sense of the scales at play here). + +However, just because private servers are free to create and run doesn’t mean that it’s cheap or easy to do so. Most servers don’t make their costs public, but of those that do, a review of the monthly expenses of a ‘modest’ server like Minecraft Middle Earth [shows that they can cost in the thousands of dollars.](https://docs.google.com/spreadsheets/d/1fia14FKK-BfBsSiQFYA3Xh2fbpLRn3kIdPQhLa2SuX0/pubhtml) For many owners, running a private server is a full-time job. Some of the larger servers employ a full staff of developers, artists, and managers. + +[This is the OPPORTUNITY! ](https://preview.redd.it/m19qtj2fg7a71.jpg?width=277&format=pjpg&auto=webp&s=492f6fee6c78099d7595e1ea1acc89d78ec222f4) + +This is where the partnership with Minehut and the use of GameCoin (GC for short?) and a GameStop’s NFT marketplace powered by E t h e r e u m will be a paradigm shift. I imagine GameStop and Minehut have worked up a cost-effective solution that removes server maintenance burdens and headaches from communities and the NFT marketplace offers a chance for a robust secondary market to come alive buying, selling, creating, trading everything from users earned resources, cosmetic upgrades, in-game items, etc. + +Revisiting history, the largest private servers enjoyed a cordial relationship with Mojang. They had implicit or explicit permission to charge for services and use Mojang assets. Over time though, this relationship has deteriorated. + +In June of 2014, just before the Microsoft buyout, Mojang flipped the community on its edge. + +In a blog post titled “[Let’s talk server monetization](https://mojang.com/2014/06/lets-talk-server-monetisation/),” they clarified the Minecraft End User License Agreement (EULA), but it made many common server practices, like **allowing players to buy in-game currency**, explicitly against the rules. + +Then in 2015, Mojang hired several ‘brand enforcers’ who started cracking down on EULA violations. Some servers that were previously in good standing were caught up in the purge. Some servers have turned to extreme measures, distributing cracked launchers or running bootleg versions of Minecraft to avoid being targeted. Others have simply decided not to update and continue running increasingly outdated versions of Minecraft rather than try to meet Microsoft’s expectations. But for other servers, regardless of their legal standing, switching their funding models would mean shutting down entirely. + +&#x200B; + +>“Where once you had a free market (and, to be fair, a more mature user base) you now have a walled garden with very strict limitations on how you can maneuver,” says Barnier. “Limitations that may change without your consent. I would be very surprised if Minecraft saw a resurgence of great multiplayer server mods like the initial releases of MineZ, Dungeon Realms, and others.” + +A lot of Minecraft’s older player base must feel Mojang/Microsoft have left the people that made the game popular out in the cold. These are the people who put in **countless hours** **nurturing the community, creating content, and building it** **brick by brick** so that Minecraft is still as popular as it still is today. + +&#x200B; + +[This is horrible for this community morale and RC and GameStop knows this and is going to capitalize on it! ](https://preview.redd.it/l7l62x2ah7a71.jpg?width=259&format=pjpg&auto=webp&s=f4942fe532e60865793c215d881bf54633a97b1c) + +# We have talked about this before: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-multi-year-strategic-partnership-microsoft) + +[Does this lay the groundwork for Microsoft to make amends to the private server community? ](https://preview.redd.it/w1gasrdfh7a71.png?width=1039&format=png&auto=webp&s=4d5141511223f21924e4dcdaf4d123e800bd8a71) + +We covered above how Minehut and GameStop can alleviate server management and game economics issue, **but** that still doesn’t get them around the EULA—unless the ‘commercial elements’ in this agreement are just that? + +If this is the case, I believe we are just days away from players being able to trade Moonjam NFTs, stake their in-game coins for weekly rewards, **‘play to earn’,** being able to participate in governance voting for what happens next, and more? + +[As I have previously covered](https://www.reddit.com/r/Superstonk/comments/ogfwxn/tldr_power_to_the_players_is_real_and_apesgamers/), the gaming-NFT economy has boomed in recent weeks. With a 30-day trading volume of $185 million, Axie Infinity has surpassed NFT heavyweights including NBA Top Shots, OpenSea and CryptoPunks to become the world’s *current* biggest digital marketplace, as ranked by their average daily volume over the past seven days, according to DappRadar. + +Even more impressive is that Axie (Gaming) has generated more revenue than Aave, Compound, Uniswap, and other decentralized finance (DeFi) protocols over the past 30 days, data tracked by Token Terminal shows. Stated another way, Curve, E t h e r e u m’s biggest DeFi protocol by total value locked, has generated only one-tenth of Gaming’s 30-day revenue. + +https://preview.redd.it/4723t0w4i7a71.png?width=2216&format=png&auto=webp&s=db924d5942beba660342a36049fb73ffe133f44b + +We know Axie Infinity generates revenue from axie sales, land sales, axie breeding fees, and marketplace fees—**can you imagine with me after everything we have covered above this being applied to Minecraft?!?!?!?!** + +# According to Dapp Radar, NFT sales rose to $2.47 billion in the first half of 2021 – a staggering 17,900% year-on-year growth from the first half of 2020. + +Are you ready? Buckle up! + +[ Thanks for stopping by to take a dive with me! Please let me know if you have questions, requests for additional subject areas, or if something just isn't clicking for you and think I should explore further. ](https://i.redd.it/gwu0hypai7a71.gif) +The merger between Opendoor (OPEN) and “Social Capital Hedosophia Holdings Corp. II” (IPOB) has been approved on 12/17. So tomorrow 12/21, OPEN will be officially listed on NASDAQ. And soon, "IPOB" will be renamed to "OPEN" on NYSE. + +Here is a [video summarizing the S4 filing of Opendoor.](https://youtu.be/F75jJALMpu0) Hopefully, it will be useful to everyone. + +Opendoor upside: + +1. Operate in 21 US markets with plans for future expansion. +2. Offer title insurance, escrow services, and financing services. +3. US housing market is worth $1.6T annually with 5.3M homes sold each year. +4. Online penetration is still low compared to retail and transportation +5. Disruptive technology: +6. Simplify selling/buying house process: closing in as little as 14 days vs 87 days in tradition sale. +7. Reduce cost through centralization and automation. + +Opendoor risk factor: + +1. Incurred net loss every year since inception +2. Net loss: $240M (2018), $339M (2019), $190M (Sep 2020) +3. Sep 2020: 47% of revenue was generated from 4 markets: Phoenix, Dallas, Atlanta, and Raleigh. +4. Well-known and well-established competitors: Zillow, Redfin, … + +(Detailed look into the balance sheet is in the video). +How many of you have left tax deferred savings on the table in order to increase your liquidity? How did that work out for you? + +We have $400k+ in tax deferred savings but we are rather illiquid (four month emergency fund but nothing more). We have no extra money to start a side hustle, buy a rental property, or otherwise invest. We've decided that we are willing to pay 15% (but not 25%) income tax. We are decreasing our annual 401k contributions from $36k to $28k (putting taxable income at $75k for an MFJ couple), and we've stopped paying extra towards our mortgage principal. These measures will yield an extra $12.5k in liquid cash annually. $20k+ over the next two years will allow us to start a side hustle or two and buy our first rental property. We've decided this is the right path for us, but damn it's hard to leave a tax-deferred benefit on the table. +So everyone is going to have their phone number shares at CS, and all the banks are going to implode. What exactly do you do if you sell one of your CS shares (hypothetically) and get the check in the mail for it? + +Take it to a payday lender? You obviously can't take it to a bank... I know no sell no cell yatta yatta, but really.. if you have 50,000 shares at CS that can be wired to an account or sent a check for, how do you extract any of that for your dying grandma if there's no bank to exchange it for cash? +I am relatively new to investing and while I was doing research I found this token! R0ok token! I love how it supports a fantastic cause! + +After 6 weeks of fighting, Coingecko finally listed r0ok Token! The massive potential I see behind this project is insane. Let me explain. + +As a new investor, I have no idea about legitimacy. However I threw $80 AUD into r0ok's presale because of the donations already made and the doxxed founder, and his awesome transparency. + +Not only that the token itself is actually backed by an international clothing brand! Something I hadnt seen before which I thought was quite unique and made it stand out from the crowd. + +Upon buying this coin I was a little bit sceptical after being rugged over and over.. as I am new to all of this. + +So far I can tell you my worries of this coin being a rug or scam are 110% completely washed away. Not only have the Devs delivered on their word time and time again and been more than transparent the whole way. +The community around this coin I cant even find the words to describe. The way everyone comes together to help each other is an amazing wonderful sight to see... Something you dont see often enough these days. + +For me r0ok ticks all the boxes! + +1. Backed by a global mental health brand +2. Partnering with major mental health organizations +3. Making major monthly donations to cause +4. Founder is fully doxx'd and active in community +5. r0ok community is salubrious +6. NFT marketplace & mobile apps coming + +AND SO MUCH MORE...! + +Also by holding $R0OK tokens, you are being apart of a bigger cause, bringing awareness to a worldwide epidemic, while also directly supporting the mental health community. Two things that no cryptocurrency has done to date! fire + +Heavy marketing incoming now that Coingecko has officially listed $R0OK! This is so early!! DYOR and climb aboard! If you have any questions, feel free to join the r0ok community on any platform and ask away! R0ok warriors are always happy to help and answer any questions! + +Coingecko: coingecko.com/en/coins/rook-token + +Discord server: discord.gg/r0okToken + +Token website: r0oktoken.com + +Linktree link: linktr.ee/r0okcrypto + +Main brand website: r0ok.com + +Twitter: twitter.com/r0okClothing + +Medium: r0oktoken.medium.com/ + +THE $R0OK COMMUNITIES VOICE WILL BE HEARD! +MARK MY WORDS! WE WILL MAKE A DIFFERENCE! +I hold 6% of a dividend portfolio in O. Was wondering what other REITs people might add to there Reit allocation. Was thinking NLY, REM or REML or good old VNQ, or? Monthly dividends isn't a huge must as this is more of a fully diversified build I'm running with minimal funds (about 6k right now). +I've been hired as a financial analyst and portfolio manager for a total salary of $0. My dad wants me to deploy his income portfolio. + +After some research and finding this sub, I thought I'd ask for feedback from the smart group of people here. + +I'd like to keep it under 10 stocks, much lower if I can help it (wish I could just split 50/50 between RQI/HTGC). He won't be drawing down funds for another 2-3 years and it won't be a full draw due to other income (SS, RE). Naturally, consistency of dividend is what's most important, growth is a nice bonus. + +Income/yield targets: 5% on $1m, so $50,000/year. Portfolio below is 4.6% at current prices (assuming RQI/HTGC yield is 10%, their actual cost yield is 8% and 14% respectively, opened position last year). + +Allocation timing: HTGC/RQI/SPG positions were opened last year, rest will be deployed in the next 18 months. + +Restrictions: No oil&gas and tobacco + +Equal allocation across: + +**ETF-esque / The analyst-was-too-lazy group** + +RQI - laziness to research REITs, but also because they picked all the good ones + +HTGC - high yield, but I don't think it's a yield trap, though current premium on nav is near ATH + +SCHD - laziness and consistency + +QYLD - high yield...for high yield's sake + +**Individual Picks / Industry Diversification** + +AAPL - safety in terms of equity + +MSFT - safety in terms of equity/income + +LMT - seems to be a popular undervalued option on this sub + +HD - safety + growth + +JNJ - safety / diversification + +SPG - safety + growth + +Anything you would add? What would you take out? Any thoughts around equal weighting vs. going heavier into a particular area? Appreciate the time and help! + +Edit: included income / yield targets / restrictions / timing +Sup folks, + +I've been around for a few years, and I'm (once) again getting the vibes of 2017 2018, or the ones before. The somewhat stagnant half year after good growth leading up to the crazy bullrun and then crash in particular. + +I'm definitely not saying it's going to be the same, cause honestly, feels like tea leaf reading. + +As I've been historically terrible at timing the market (like terrible) I'm a bit on the fence about this. But I am genuinely curious how you good folks see the current state of crypto. + +So why will it crash? Why won't it? + +Edit: wow, turned into a big one. Tried to reply to most but yeah irl interfered. + +Edit 2: Man that was fast. +Today I made payments to my final 2 credit cards and I'm officially debt free! I've been under the bank's umbrella for exactly half of my life and today is the day I can move on from them! + +It's been a tough old road but it's done. Chipping away every month, dumping any sort of bonus I get straight on to the cards, switching up, down, left and right for all the 0% specials when things expire. + +Time for a beer and to chip towards at the savings pile instead. + +If you're in debt but you have a plan and a timeline, stick to it, suck it up, it gets easier and you can do it! +[Here](https://www.federalregister.gov/documents/search?conditions%5Bagencies%5D%5B%5D=securities-and-exchange-commission&conditions%5Bpublication_date%5D%5Bgte%5D=01%2F25%2F2022&order=newest) is the link to the SEC page which links to the ~~four~~ ~~three~~ FOUR (edit credit, twice, to u/guerillasouldier) regs: + +[Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03875/self-regulatory-organizations-the-depository-trust-company-notice-of-filing-and-immediate) + +[Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03872/self-regulatory-organizations-fixed-income-clearing-corporation-notice-of-filing-and-immediate) + +~~Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework~~ + +[Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Model Risk Management Framework](https://www.federalregister.gov/documents/2022/02/24/2022-03879/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-and) + +edit: I linked twice to one url. I swear there were four, but one fell down the smooth part of my brain like a slide. credit to u/guerillasouldier for help. + +edit 2: Woohoo! /u/guerillasouldier coming in hot with the save with OCC doc scheduled for release 2/25/22. + +[Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Proposed Rule Change Concerning The Options Clearing Corporation’s Governance Arrangements](https://public-inspection.federalregister.gov/2022-03962.pdf) +Reddit, I need advice. Maybe this belongs in r/legaladvice, so if I need to leave let me know. + +I've been dating my gf for 2 and we moved in together a year ago. About 6 months ago I got hurt and was laid off. We ended up being in a real bad spot and had to leave our apartment. We could have gotten a hotel, which wouldn't be very financially beneficial but her family said we could stay with them. Before I ask my questions Heres a little back story. + +She always told me that she and her mother never got along and that her mother was money hungry. I figured she was blowing it out of proportion. Gf has two siblings and all three of them are in their mid 20s. From the day each of them turned 16 they were told to get a job and anything they wanted other than housing they had to pay for themselves. Doctor, food, car , gas, insurance clothes etc. + + For example my girlfriend was very ill when she was 17 and had many doctors visits and surgery that cost her over 5,000$ out of her own pocket. + + The only thing that they helped her with, other than housing was her college. They would pay for it, and she would repay them with no interest. Sweet deal. Right? + +So here's where things get bad. + +The first week was rent free. Hell they told us it would be rent free. The dad makes well into 6 figures. But after a week she came to us and wanted 50$ from each per week. Then $100. Now it's $200 a week. We're paying more now to sleep on couches in different rooms than we did for our apartment. Yes this infuriates me, but this isn't my real concern because we are leaving when we get our tax return in two weeks. + +She sat us down and said when we move out she still wants $200 a week from her to pay off her "her bill." That's ludicrous. I asked her to see the book she writes down how much my gf had given her so far and what was owed and this is where it gets scary. + +It was a spiral notebook with pages and pages of things written in pencil with no rhyme or reason. + +Evidently, among other things, my gf owes her mom for: +•4 years of gasoline at 20$ a week +•60,000$ for surgery +•100,000$ for private school and college + +Etc etc. +She's literally trying to charge her for every penny they ever spent on choosing to have a child. My gf even paid the deductible on her own surgery, but her mother wants the full value of the surgery that insurance paid for. + +So this is what I wanted to ask. She informed us she would sue her if she did not pay the amount she wants. She's crazy. Right? Please tell me this is crazy because I feel like I've moved to crazy land. + + I told her that she should pay the amount that Stafford student loans would ask for. Hell, give her $200 a month. But no way in hell should she be paying for gas money from before she could drive, or surgery insurance paid for, or the utilities etc. + +I wrote this on mobile, I will edit it and answer questions. Maybe there's no advice you can give. I'm just angry and afraid for her because I realized she wasn't lying when she spoke about her mom. + +Edit: I have no family hence why she has me by the balls. I have nowhere to go. She made a comment once, "well ya can pay the $100 a week because it's not like you have anywhere to go anyways and you used to pay $750 in rent." Bitch I know how much I paid for rent but this is a couch I'm sleeping on. + +No, she has signed no contracts. + +No, the dad won't do anything other than relay her messages and cave into her every demand. + +We are leaving asap. Her worry was repercussions afterward. + +I have every intent of giving her hell once were out. She's making my life hell right now and I'll return the favor once I can do something without getting thrown into the street. + +Edit 2: the "student loan" was her parents paying out of their bank account and her reimbursing them. Not an actual loan loan. + +And yes my gf wants to cut ties. We will as soon as we're gone. She was just afraid of legal issues. + +Shit this blew up fast. I didn't expect that many replies. I'm working so sorry I'm slow on replies. Now I'm worried someone is gonna see this and run and tell her! + +She had spies everywhere. + +Edit 3: + +I posted this but it's stuck down at the bottom. I'm finally home so I can update correctly. + +Thanks for all the positivity everyone. I was at work and this thread exploded. She's just an evil woman. +I wasn't a good guy in the past. I have a record and was a drug addict. I can't get the best jobs but I've been clean for a long time and work hard at being a good person, and work hard at life. +I love the woman I'm with and told her up front of my past and she accepted me for who I really am. + +So here's an update. I paid the bitch yesterday my rent. It normally goes in a cycle. I pay, then she bitches about something and then mellows out over the next 2 weeks until I pay again and restart the cycle. +So I get off work and pick my lady up to go to the store. Evidently right after I left the bitch phase started. + +She told her: +•You know he will never make much money +•He's unmotivated (I work every hour I can and pick up every shift I can and put in applications and go to every interview but my record makes it hard +•he sleeps too late (9am, lulz) +•I never help around the house and it takes constant nagging to get me to do anything (uh, no.) •all her friends hate me and don't approve +She told her to keep it confidential and not talk to me about it. + +Basically, this bitch is crazy. She lies to attempt to make us fight. She's just so unhappy she wants to bring everybody into her shithole mood. + +But, I love this woman (not the mother) and will marry her one day. I can deal with her shit until we move out. +We just had a talk about even going to one of those shitty by the week hotels or something. Fuck. As much as we're paying for a couch we might as well. + +But I'm so mad now I can't see straight. I can't wait until I can finally give her a piece of my mind. I'm gonna say some shit that's going to make her feel bad and she won't even know why. + +I'm not one for revenge or stooping to others level but she has treated me like scum and slandered my name and taken advantage of me for no other reason other than I'm not catholic, I'm not rich and I struggled in the past. +Isn't it ironic that a Christian would treat another Christian like this just because they're different denominations? Fucking blows my mind. + +Edit 4: Thank you /u/idarin for the gold! My first ever. Pretty neat. I feel cool now. Still messing with my head how high up on the list this has gone. Thanks everyone! +Lets say you have $100 that you want to invest into your trading. + +Would you put that $100 into a personal account and try to flip it or would you buy for example MFF 10k evaluation challenge? + +I'm curious what your guys preferences are and your opinion on the pros and cons of each. +I ran across this on ForexFactory. I saved this post to my desktop because I found the ideas to be very inspirational. Perhaps this post can offer some hope for you traders out there fighting in the trenches: + + +This is my first post here at FF. I have been lurking for over 4 years and trading profitably for 3. I use this site as entertainment ONLY, which is why I have never felt inclined to post. However, after reading through this thread, I would like to make a point, in order to give back hope and optimism to those that want to hear it. + +If you are in the business of trading, then you are in the business of making money. If you are not making money, you are not a trader. All the people saying that 1000% a year,or anything more than 5% a week, etc is impossible, are incorrect. There is NO limit to upside potential when trading FX & Futures. It is misleading to post things like "no one can ever turn $1,000 to $1 million," when it is simply not true. + +I have doubled my account in 3 days, multiple times. I have seen friends make 300% in a week. Just because you kill it one week/year doesn't mean you will loose the next week/year. It is all in how you trade. + +Add to your winners and cut your losses quick. There is no such thing as being over-leveraged if your trade is in profit! Let the thing ride, and add to your winners. If I determine that a particular situation has a high probability of producing a profitable trade, I routinely use ALL available leverage on a trade that is ALREADY in profit, and set stop to BE. + +Trading is all about money management, but if I had to stick to .5%, or 1% trades, I'd rather not trade at all. Use a 2-5% risk limit to get into trades, and then crank it up once they turn green. THAT is how you make money. The account that I still trade with today, started with $300, was up to $2,000 within 2 months, and now provides me with everything I need and more. Anyone who says it is impossible just can't do it themselves and hates to believe that other people can. + +There are plenty of people who made millions off of the market starting with a low amount of capital but they are not here on FF to respond to this thread, they are out on their yachts. + +Good luck to all! + +I just learned about uptrend and downtrend lines and channels in addition to the support and resistance levels. Right now I don't know much so I'm just looking at the AUD/JPY charts and plotting out the lines on a 4H window and taking selling when the price hits a resistance and buying when it hits support level. Is this a good way to practice or should I be backtesting first? My plan is to put in 30-45 mins everyday learning through baby pips and then spending 30 mins just looking at random charts practicing and learning how to use MT4. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey guys + +Iam shocked at the charges we get for trades, services, audit costs through strata etc. For the huge money we pay. We seem to get so little. + +Seems they also clip the ticket on trades.... + +It seems like a massive money making scheme. Not just book keeping which is essentially what it should be. + +I can understand why people hate apartment living. + +Has anyone else dealt with net strata? +Any companies that aren't huge now (no GOOG or AMZN etc etc) but you think have a long runway for growth and are part of a long term durable trend? + +For me: IDXX, ILMN, TTD, BZUN, ISRG, SQ, MELI + +What you think? What are your picks? +As the title says, today retail sector stocks did remarkably well, even before the miraculous market turnaround. + +Don't believe me? + +Dillard's (DDS) +14.73% + +Express (EXPR) +5.48% + +Kohl's (KSS) +36.02% + +Overstock (OSTK) +5.53% + +Bed Bath & Beyond (BBBY) +8.33% + +Big 5 Sporting Goods (BGFV) +4.96% + +Revolve Group (RVLV) +9.65% + +Dollar Tree (DLTR) +4.69% + +American Eagle Outfitters (AEO) +9.19% + +Qurate Retail (QRTEA) +7.74% + +Chewy (CHWY) +13.72% + +Stitch Fix (SFIX) +11.05% + +Macy's (M) +18.00% + + +Does this look unusual on a day where the market was deep red half the day and barely made it back to slight green? + +Did somebody suddenly realize we are about to see the resurgence of the retail sector? + + +OR could it be somebody is massively short the retail sector and had to start covering today? + +Is there any data to support such a claim? + +https://m.etfchannel.com/type/most-shorted-etfs/ + +DING DING DING + +XRT retail ETF, an unusual +6.01% up today, is short an astounding 357% + +XRT ETF data also shows that there's a record 6 MILLION FTDs (failures to deliver) due tomorrow until mid Feb (can't post data due to automod) + +Both the ridiculously high SI and the ridiculously high number of FTDs suggest this "retail sector run" is far from over + +And who knows a certain game retailer that mysteriously didn't run today (yet)? + +Who'd like to squeeze some hedgies? + +Lezzzzzzzzzzz gooooooooooooooooooooooo 🚀🚀🚀🚀🚀 +*Mistake in title. “Literally” should be replaced with “practically” My bad + +TADR: Buy direct DRS or buy IEX then DRS + +This is not financial advice I am not advocating for anyone to buy anything specifically BUT If you choose to invest into GameStop it would be smart to work with their partners as much as possible. I love seeing Apes invest into their favorite company and there’s nothing I love more than purple circles. + +#But again, if you choose to invest into GameStop through a broker like Fidelity use the IEX exchange dang it! No more excuses. All of these fabulous buy posts should be routed via IEX!!! + +**Edit 4: The Reason it is an important to route IEX is because it does a few things. Citadel is not in charge of IEX, so it does not allow them to front run your trades and scrape pennies off of every trade. The second reason is because it does not allow the trade to be routed via off exchange/dark pool and it applies your buy pressure on price discovery like a real market should. IEX literally stands for “Investors Exchange”** + +Edit 1: [FTX and IEX are partners and GameStop is partnered with FTX, So GameStop and IEX have sort of an indirect partnership together. Apologies if title is a slightly inaccurate but the principle is the same, BUY IEX.](https://www.reddit.com/r/Superstonk/comments/x8gmkf/gamestop_partnering_with_ftx_guess_who_else/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 2 : Here is how its done on iOS and below this is how to do it on PC via Active Trader Pro + +I have iOS and I only use Fidelity and computer share, I am not sure how to do this on other brokers or phones/computers but I would imagine android would be similar. Any Apes that know how to do this through other brokers please include in comments. + +1. Fidelity updated their app and it is much more user-friendly. In settings, at the very top, there is what is called “classic experience” make sure that is off so you are enjoying the new experience! + +2. Once you are in the new experience I will explain how do you get there from the front page. + +3. From the front page in the upper right corner there is a little “USER PIC” looking button. Click on it. On that page about halfway down you’re going to want to select “GENERAL SETTINGS”. Again about halfway down that page you’ll see a setting called “DIRECTED TRADING” TURN THIS ON. + +4. Once this is turned on you will be given a list of exchanges to choose from the next time you go to buy a stock. Simply choose “IEX” from the list and proceed to buy the stock as normal, it is that easy. Now that you have directed trading on it will always ask you which exchange you would like to use to buy shares and this will be no different than buying shares normally. It’s also best to always buy limit orders instead of market! + +5. After it settles in T+2 days use the chat box on Fidelity to DRS your IEX purchase! + +Edit 3: [Here is how its done on PC via Active Trader Pro. Thank you u/dontdoitforthegram](https://www.reddit.com/r/Superstonk/comments/qfnwkl/quick_guide_how_to_route_through_iex_on_fidelity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +I've compiled a list of reasons for why this year's correction happened, and the status of those issues today. And then I look at new positive developments since then. + +Some of the causes of the correction: + +- Regulation fears (since died down with SEC comments) +- Mt. Gox trustee selling bitcoins at market (now shifted to returning coins) +- April tax selling (obviously done with) +- ICO liquidations (largely over now that EOS has finished dumping 7 million Eth) +- March/April hedge fund redemptions (finished obviously) +- Asian regulation FUD (this one is still a mystery) + +Now, what are the positives? + +- Major custody progress +- Several major dapps launched (Maker, Digix, Augur) +- Continued progress with exchanges and infrastructure +- Hedge fund attention (a16z venture fund and (potential) new fund from Fred Ehrsam) +- Impending CME Eth future +- Continued mainstream media coverage +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +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! + +https://www.cnbc.com/2018/04/12/bank-of-america-merrill-lynch-ge-capital-has-zero-equity-value.html + +"General Electric's finance business has "zero equity value," Bank of America Merrill Lynch analysts wrote in a note Thursday. + +The GE Capital portfolio is under scrutiny after ending last year with $95 billion in debt outstanding, combined with two investigations into the business. The firm's analysis comes as The Wall Street Journal reported the embattled industrial conglomerate may sell the full GE Capital portfolio, potentially at a loss, citing sources familiar with the situation." +Hi all, been a long time lurker on the sub. Have learned tons. And any advice is greatly appreciated. + +I’m the usual techie at a FAANG company, but I’m only a few years into my career and not even close to fatFIRE’ing. My parents, however (mid 50s) own several properties in the Southern California region, worth about $3.5 Million in total. They make rental income on these properties, but between property taxes and other expenses, it looks like they keep around $60k a year (neither of them work). The problem here is that their equity in these homes is increasing in value, but they can’t actually tap it to spend (even though they only have 1 mortgage on the house we live in). + +I grew up relatively poor in a borderline dysfunctional household and would give anything to see my parents finally do/have the things they have always wanted in life. They have enough stashed away that they can afford to spend more on themselves and do more things they enjoy (such as travel, once things are normal again). But I see them cutting corners and putting themselves under pressure. More than anything, it would be amazing for them to feel financially secure and not have to worry about income. But the money just doesn’t seem to reach their pockets, in a way. + +How can I help them restructure their wealth so that they can capture more of its appreciation/benefits? Should I set some cash aside for them in a separate account to spend? How else can I help. + +Thank you so much in advance. +Long time lurker, first time poster. + +With my wife's first Mother's Day coming up, I looked through all the "what was the best gift you got?" and "what to get my \_\_\_ for the holidays?" posts. Apart from the Range Rovers and hot tubs, the general sentiment is to get something meaningful for your giftee because they can probably afford to buy whatever they want if they wanted it. + +We moved into a new house during the pandemic and we each have our separate office space, but neither of us have thought about decorating it much beyond family pictures. Wondering if there are any fun or interesting art or websites to find art that this community has seen or used? Thanks in advance for your advice +In a recent interview Jack Dorsey said that despite the ambitions of Square and Twitter, his real passion is building on Bitcoin. I'm not saying people can't have multiple things going on in their lives, but certainly you can spread yourself too thin and lose focus. + +&#x200B; + +The same thing with Elon Musk, he seems very occupied with being a social media star when he's running like a half dozen companies. If I were to quiz him on the financials of Neuralink, how much would he really know? How can you dedicate all the necessary time in your day for all of these projects? +The old cliche of “it’s not what you know, it’s who you know” seems to ring very true when determining your income potential. I see this not as an example of mates getting jobs for mates but building your profile with key industry people or peers leading to more opportunities (jobs, partnerships or sales). + +Networking has always felt like a weak point for myself. While I have managed to land myself decent jobs and income I feel I am now hitting a glass ceiling in terms of reaching the next level (currently I’d place myself in the lower end of middle management). Working in tech/cyber, networking isn’t a strong point for most but I seek to grow beyond this into a more broad business focus which I see requiring good professional networking skills. + +How do you approach networking? What value do you place on it and do you approach it in a structured manner? Are there any resources or events that you can recommend (Sydney based)? What are your key tips and tricks? +I often went through the mental exercise of saying, "One day...I'll be able to afford that." Or "When I'm rich, I'm going to do X". The problem with that is, "One day" and "When I'm rich" are poorly defined. So I decided to fix that and recently started making a Net worth-linked wish list / bucket-list. Some of the things I came up with are: + +$50K: Watch US Open (Edit: Tennis) in-person + +$100K: Gamble $500 in Las Vegas (ultra-high roller, I know...) + +$250K: Eat at Michelin Star Restaurant + +$500K: Trip to China + +$1M: Tesla Model S Plaid + +Would be cool to see what other people in this forum consider splurging. +Hey there, + +Not fatFIRE'd, but on my way to as mid 20's, 500k TC. + +However, how do you balance the choice of taking a consistent path with guaranteed income versus being able to take risks (such as starting your own business)? + +It seems that trying to bootstrap/attempting a startup/taking major financial risks will likely delay any fatFIRE plan for years, but fatFIREing and going back to working 80 hours a week might be tough. + +Just curious how /r/fatFIRE balances their plans with being able to take risks and chase dreams. +Throwaway account. + +I have been a longtime lurker, and finally decided to introduce myself and ask a few questions of this awesome group of people :) + +I am in my Low 30s, work for a FANG company in the Bay Area, and currently make ~$300k. My wife stays at home with our children. +Because of vesting schedules, I will be closer to $350-375k next year if nothing changes, and around $450-500k if/when I get promoted in several years. + +Last year, I made ~$250k and we saved ~$85k (including employer 401k matching): +$54k in 401k accounts (maxing out pre-tax 401k, employer matching, and mega backdoor) +$11k in Roth IRA accounts (backdoor contributions for both my spouse and I) +$20k in brokerage accounts + +We plan on holding our yearly spend mostly constant, and increase or SR as my compensation grows. Our current net worth is ~$400k. + +We currently rent a house for $4k/mo which would cost about $1.8-2mm to purchase in today's market. We are currently getting a REALLY good deal on our rent, but expect it to go up next year (and the years following). + +I feel like we are in a very odd scenario where we are on a great track FatFire in 18 years when all of our kids are out of the house, but we cant afford to buy a home (4 bed, with a yard, in a good school district). We would like to settle down and want stability for our kids (not changing schools on them), but at the same time, I don't want to buy a home if it is going to put me way behind from a FIRE perspective. + +What would you do if you were in this situation? + + + +[https://www.moneysavingexpert.com/news/2021/01/three-pay-as-you-go-price-rise/](https://www.moneysavingexpert.com/news/2021/01/three-pay-as-you-go-price-rise/) + +Tldr: + +* calls from 3p/min to 10p/min (233%) +* sms from 2p to 10p (400%) +* data from 1p/MB to 5p/MB (400%) + +Pretty significant price hike... + +&#x200B; + +Edit: international prices are also going up. even more! + +* 35p for a text (up from 2p) +* Data will be 5p/MB (from 1p/MB) +Like it or not you are basically gambling when you invest in Bitcoin. Not because it's a 'bubble' or because it is or isn't awesome but because the price has a huge amount of speculation built in to it. Don't be deluded in to thinking you will definitely get a return. +DISCLAIMER: As it says beside my name (self-tagged), I’m new, so this is coming from the point of view of someone who’s been in the market only for a few months. Perspectives can change over time. + +It seems like every week, someone on this subreddit says they want to become a full time trader, and while that ambition is admirable, there’s a burning question that rarely gets brought up: can they handle the nonstop pressure? + +Think about what going full time means: + +1) Constantly having to make big and/or frequent trades in order to earn enough income for a decent living (never mind for a luxurious lifestyle that so many prospective traders dream about). + +2) Constantly losing large amounts of money. It’s going to happen; there may be consecutive days or weeks of losses, so not only is potential income not being made, but income that’s previously been made is always at risk of being lost. + +3) The need to swallow pride, admit defeat, and reflect honestly every day. As much as we think we’re like this, many of us aren’t, because our confidence often doesn’t align with realistic expectations and our brains have natural defense mechanisms that kick in whenever we feel victimized. How often have we made excuses for our stupidity only to repeat that stupidity again (or do something worse) out of pride, ego, etc.? + +Now, if by going full time, someone means that they’ll have trading be the majority of their income while still making additional significant income on the side, that might help alleviate some of the pressure. However, if going full time means having trading being the _only_ significant source of income, I hope those people can deal with this level of nonstop pressure. As confident as we may be, we also need to be realistic about our own psychological limits. +**Pennystock Companies with crypto exposure that I'm very bullish on:** + +**Cypherpunk Holdings Inc. (CSE:HODL OTC: KHRIF)** + +* Cypherpunk Holdings, Inc. engages in the investment in technologies and crypto currencies with strong privacy. It currently hold investments in the following companies: Samourai Wallet, Hydro66 Holdings Corp., and Chia Network. **Currently a Top-10 largest public holder of Bitcoin**. + +**Ault Global Holdings (NYSE: DPW)** + +* Diversified holding company acquiring undervalued assets and disruptive technologies with a global impact. Currently has exposure to Bitcoin mining assets and will provide business loans collateralized by Bitcoin and Ethereum. + +**BIGG Digital Assets (CSE: BIGG OTC:BBKCF)** + +* BIGG Digital Assets Inc. owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem + + +&#x200B; + +Any Insights or Recommendations? Please comment below +I have a standard order setup to go on the 1st of the month. This month it won't go until the 3rd. What is the rationale behind an automated process not working at the weekend? +There have been a lot of posts lately talking about Ethereum as a store of value and a currency. + +I believe that these factors could make Ethereum a good choice: + +1) Ethereum is more likely to be spent than Bitcoin due to planned inflation around 5% or less. + +2) No inflation is good for some holders, but eventually no one will use Bitcoin because of its deflationary nature. Eventually it might lose value because it's useless. + +3) Ethereum has intrinsic value, that is, it's is apart of the native currency for the world computer. + +4) We can't get over inflation or runaway inflation. + +5) Due to the possibility that billions of people could be using Ethereum, it's more likely to rise in value and hold that value. + +6) You might find a day where all technology runs on a little bit of Ethereum and ETH becomes the fabric of the new world. + +7) Bitcoin is only good for keeping under your mattress. + +------ + +Compare: + +A) ETH is used everywhere, every shop, every DAPP, every APP uses ETH. Even at 1- 5% inflation, ETH market cap will be in the $trillions. + +B) BTC is used under peoples beds. No one spends it because it's only use is to hold, hold and hold. + +Which one do you hold? + +I'll take a value token that can't inflate away (I hear 1 - 5% max) and can be used for every possible purpose over 0% inflation that is not even as useful as a handful of dirt. + +Ethereum would mark the first widespread currency that cannot be over inflated past a certain limit. And that limit might even be as low as 1% or less. + +Just my thoughts. +I’m actually bored of GME. I don’t watch the price anymore, maybe check it once a day out of curiosity. I don’t get excited if it’s up 5%. I don’t get worried if it goes down 10%. I am completely neutral to what happens because they’ve burnt me out and made me so bored of following it. Hell, I hardly read the fresh DD anymore. I barely think about GME. I just live my life with my XXX shares knowing that someday they’ll be worth millions. + +I have a little bit of free cash left to trade options, and I use those profits to buy more shares, and buy a couple more every paycheck out of habit. But other than that, I’m so bored of this stock, and it’s great. In January I couldn’t get anything done out of my excitement and anxiety. Now I’m more relaxed about the stonk than ever. So I would really just like to thank citadel and co for the opportunity to help me learn the values of patience, mindfulness, and not being emotionally swept up in some hypomanic craze over money. Hedge funds have helped me grow as a person by keeping GME flat, and for that I couldn’t be more grateful. + + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1,5% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 8% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at [www.bankersdream.org](https://www.bankersdream.org/) or Join our Subreddit [r/Bankers\_Dream](https://www.reddit.com/r/Bankers_Dream/). + +Daily AMAs at 3PM EST in our TG. +The only value any currency has, is the value the people believe it has. + +* Yes doge has no other value other than a currency, and Bitcoin already has that roll. + +* Yes other cryptocurrencys have more use cases like smart contracts and dapps + +* Yes dogecoin is mined at an insane rate, so every second it is losing it's value. *(Funny how crypto bro's will always point out the way governments are over printing cash, but dogecoin is cool)* + +But fuck it if Elon Mush can pump it on SNL and the ignorant public thinks it has value... Well then it has value. + + +**The value of crypto is what people believe it is** +Not sure how much interest this will generate, but I've seen the topic of a sabbatical pop up on occasion. My spouse and I did one and ended up on a slightly non traditional FIRE path. I had a few folks ask for an AMA, so here it goes. Try not to flame me too hard, eh? + + +Background +Married couple in our late 20s. Let's call us Adam and Jane. We started our relationship in our mid 20s both with a net worth of essentially zero. Adam's net worth was due to paying off student loans. My net worth was due to a previous marriage to an irresponsible guy and our subsequent divorce. + +Current combined stats +Net worth: about 500k, not including home +Home: 200k with about 100k left on the mortgage, which we choose to not pay off yet due to the low interest rate +Annual income: 200k-240k depending on bonuses and stock options +Savings rate: about 50% +Investments are mostly ETFs or index funds as we are both very risk averse +No significant passive income other than listed above + +We were both getting a bit burned out from the working world and the stresses of daily life, so we decided that we needed a sabbatical so as to not burn out. + +Experiment design +Adam to take off 2 months. After his first month off, I would take off 2 months. This left us with each having one month off while the other worked and one month off together. We wanted to explore the dynamics of one of us working while the other retired, such as would occur with staggered retirement dates or if one of us wanted to take time off for kids, as well as how we would fare with being together almost 24/7. We both set goals for our time off in terms of projects, activities, and other things that we wanted to accomplish during our time off. + +Experiment execution and results + +Summary: +Adam took off his two months and he flourished. I took off 2 months and became a glorified bump on the log. Around the 1.5 month mark, I realized that I got almost none of my goals completed and extended my leave by a month to a total of 3 months. I got more done in that last month than I did in the previous 2 months. + +Adam's first month: +Adam took a week to clear his head and mostly played a lot of video games. After that break he started his to do list. He had few house projects that were bugging him as well as some personal learning goals. During this time, he kept our household running, doing 90% of the chores and errands. Adam is an introvert, so the lack of social interaction during the day time didn't bother him, and when I got home from work, he would still have a good amount of energy to go out and do various fun activities with me. This is as opposed to our normal working schedule where he is too tired after work to do much other than sometimes doing the dishes after dinner. Even with assuming 90% of the household responsibilities, he still had a few days during the week where he got to indulge in playing video games all day. Overall, Adam had a good experience with his time off. + +Our combined month off: +We took a few road trips that were a lot of fun, tackled some combined house projects and worked on "us". The working on us was important, as we had a few festering issues in our relationship. Nothing that was a deal breaker, but we weren't seeing eye to eye and it could lead to hurt feelings and disappointment in the future. Since the break gave us a lot of free time, we spent a ton of time talking, understanding, and compromising. +We were concerned that spending 24/7 with each other was going to make us hate each other, but, thankfully, that didn't happen. We had a few little spats, but they were very minor and nothing that wasn't resolved within a few hours or less. +The biggest problem during this time was that, because we spent so much together, our regular conversations got boring. When we were separated during the day, we'd text/message on and off throughout the day then do most of our talking during the evening. When we spent all our time together, we stopped being able to share the funny stories about our day because we were both there. + +Jane's time off alone: +Whew... while the first month wasn't an epic fail, it was not a productive use of time. I had planned to go visit friends across the country, I wanted to cook through a cook book, and brush up on my technical skills so I could slip back into the work routine seamlessly. I wanted to get in shape with biking at least 20 miles a day for cardio, free weights for building muscle and doing at least an hour of yoga every day. +Instead, most of my days consisted of sleeping in, going to yoga, reading Reddit, and playing way too much candy crush and Pokémon go. I was always behind on chores, and my cooking was sporadic and basic when done. As much as Adam is an introvert, I am an extreme extrovert. With all that isolation and general laziness, I became depressed and stagnant. I did meet people and make new friends, but, while not true for everyone, the bulk of the people that I met who had free time during the day every day were not as... driven or disciplined in their life. These folks were fun to hang out with for superficial relationships, but I would have had a hard time relating to them long term. +After almost a month of being a boring bump on a log, I realized that my break was almost over and kicked it into high gear. I extended my leave by a month (I had this option prior to taking the break) and really focused on knocking things off my to do list. This additional month was a better use of my time, as I managed to go on one trip, complete a few house projects, and I spent time working out what makes me happy and what gives me purpose. + +Results/conclusions +Based on my experience, I realized that RE was not for me. I will likely want to be working in some fashion, even if it's just part time consulting, until 55 or later. My job was burning me out because I was pushing myself to advance as quickly as possible so that I could accumulate enough wealth to retire early. Adam realized that he loved his time off and has renewed motivation to pursue it. Adam is willing to decrease his lifestyle to retire early, whereas I would rather maintain it as I plan to be working anyway. We reworked our career and retirement plans to reflect FI with us retiring at separate times. To balance the budget, Adam has a much smaller fun budget than I do. Adam will retire when we accomplish FI with the basic expenditures, in 5-10 years, and I am taking a more laid back approach to my career and will maybe retire when I hit 55. If I decide to not retire when we reach FI with our currently lifestyle, we'll let our lifestyle creep up to whatever is sustainable if I were to lose my job. + +Tl;dr: Tried a sabbatical to see how we'd like early retirement. I disliked it, husband loved it. Now we're planning on retiring at separate times and updated our mutual and individual budgets/career to reflect our new plans. + +I glossed over some details, but that's the basics of our experiment. We're glad that we did it, learned about each other and ourselves, and we're much happier with our updated goals. AMA. + +14 Jan edit: I think that I answered all the questions. If I've missed any, feel free to pm me. Best of luck to all of you on your FIRE journey, whatever it may be! +[https://www.creditkarma.com/tax](https://www.creditkarma.com/tax) + +Just finished up my taxes. Would highly recommend. It was super easy despite having retirement, investment, self-employment, and regular income to file. + +EDIT: Just wanted to summarize some of the comments. Apparently, Credit Karma Tax isn’t free for every tax situation, but it does cover most of them. There’s also been some bugs with it that other comments have pointed out. For me, it worked great and was super easy, but you may decide a different service like FreeTaxUSA is more your style. Oh, and Credit Karma Tax is owned by Square, while the credit-reporting side is owned by Intuit. +Hello all. I recently listened to a podcast centered around early retirement for men and women in the trades. There were points made about the solid income/earning potential of tradespeople (particularly those who own their own company) that would make it seem like a sure way to accomplish a high net worth, and be able to retire early, but that it just doesn't happen as much as one might would expect. + +I am 26 years old and 15 months into a 5 year plumbing apprenticeship and am loving it! I see those around me (both employees and owners of their own plumbing/heating business) doing very well in terms of income. The potential for supplemental income through side work outside of the 40hr/week can not be understated. + +Most people I see and have met who are into the idea of early retirement are mostly of the tech/corporate world, so was just looking to hear from those who have chosen this career path. If have achieved FIRE what was your path like? Did you start your own company as soon as you were fully licensed and insured? Did you ride it out with your company to maximize retirement account matches while building your side business to stand on its own legs? Did you find it easier/harder than you expected? It's no secret that the trades can wear you down - physically and mentally so although I'm far from doing my own thing I'm just trying to wrap my head around what others experiences have been like. Thanks! + +TL;DR : currently an apprentice plumber in new construction/remodels in a pretty booming market, curious to hear about other tradespeoples fire journey. + +EDIT: this is a link to the podcast for those interested - I would basically double any numbers they use. At least in my trade/market rate + +https://open.spotify.com/episode/7accRAGtW0cNqTJt6rs6vt?si=1Bkw6sT4QNiM2k_8wfh4CQ +During these bearish market “flatline” price times I thiiiink accumulation through DCA is wise. Or so I’ve been advised and if history is a good indicator or how the cycles play out through the years DCA does seem smart right now as long as you can hold for the next 2-5 years and have a plan for taking profits. + +That being said I steadily DCA into my accounts but I swear the amount just stays the same lol hopefully I can look back years from now and realize it wasn’t just a black hole money pit. + +As with all things in life time will tell, so hopefully this is the way and you all are holding up alright during these down times. +I'm a 34 year old single female. My 71 year father recently asked me to assist him with with his mortgage by paying his escrow shortage and from PMI for a total of 6k by December. He also wants me to continue fronting him PMI every year around 6k a year. In return he will add me to the deed of the home, which would make us co-owners of the home holding title as joint tenants with right of survivorship with 50% interest each. + +My father essentially swindled the home during my parents acrimonious divorce back in 2016. My father had been alcoholic throughout my parents 29 year marriage and could never really hold down a job. My mother was the main/only bread winner and started divorce proceedings in 2009 and finally left him that same year. My dad has had an irrational emotional attachment to the family home (mostly paid for by mom) and fought tooth and nail to keep the home during the divorce. Despite getting the home, he has never performed any maintenance on the home since 2009 it is heading towards disrepair. + +The market value for similar sized homes in good condition is around 600k. However, the pool has become a cess pool and needs to be redone, the Spanish tile roof has black mold all over, the landscape is a disaster, flooring in the entire house needs to be redone, and doors are now falling from hinges because of wood rot. My father has become a hard core hoarder, suffers from various personality disorders and cannot maintain this 3500 sq ft home on his own. He is basically living in squalor and the home has become an eye sore for everyone in the neighborhood. I believe that the repairs to the home, to make it comfortable to live in, would be around $180k. + +He has a mortgage left of $150k left to pay on the home and a HELOC loan 50k from which he has taken 15k. + +My question is, is this a good deal? I am my parents only child, but I never got a long with my dad and have barely spoken to him in a decade. I was not allowed in the home because of his paranoia, so I've just moved with my life and cut him out. However, he called two weeks with this offer to add me on to the deed if I gave him 6k by December. He suffers from mental illness and is a run of the mill sociopath. Therefore, I am very skeptical of his offer. He is incredibly manipulative and am scared that I am walking into a trap. I own my own property out of state and recently moved back to Florida. Our family home is located in Orlando. As much as I would love to save my family home and eventually own it, I would like some advice on whether this is a good long term investment, considering that I will mostly likely have to deal with my father for the next 20 years possibly and will have to subsidize him by paying for maintenance and PMI. PMI will most likely be 6k every year (taxes $4200 and insurance is around $1100). +I live in a very old part of town that has been divided and re-divided multiple times over the years. My lot and my neighbor's lot are very small. A few months ago, my neighbor had to move to assisted living due to health issues and his house sat empty since. We expressed to the family that, if at some point they ever decided to sell, to please let us know. The neighbor's house is old and is a tear-down, so we would buy it to expand our lot and possibly add-on to our house in the future. + +Well.. the family recently reached out and said that they talked to some realtor friends and got a value for the property. They know we have been good neighbors for over a decade and gave us right of first refusal. They said any offer that is reasonably close to what the realtor friends told them would be considered, and they would save the 6% commission since this would be an off-market transaction. Otherwise, it would go on MLS. I told them that I'd talk to the city to see how big of a PITA it is to combine the lots and would get back to them. + +It turns out that the neighbor's lot is small enough to be considered "substandard", meaning the city won't grant any permits for remodeling or re-construction. In other words, the properly is of no value to a buyer except for me or the neighbor on the other side. But if I buy this lot, then mine becomes a pretty good sized lot. + +So.. that puts me in a very interesting position. Property in our neighborhood is at premium (\~$100+ sq/ft for the lot). On one hand, I don't really need this lot. On the other hand, it would be nice to add on to our lot. But how do I inform the family that their lot is substantially less valuable than they thought without appearing as though I'm trying to take advantage of the situation? +Hey guys, quick question! + +So I feel like a lot of time when people ask what cash flow to shoot for, ($100-$150) usually gets dropped. Obviously that cash flow is relative to the total property cost but... + +I feel like I’m missing something, since to me that seems like those numbers are not a much better ROI then one would get if investing in typical broad based index funds. + +For instance, if you had a typical 100k residential home, and managed to get a 20% down payment, and your initial investment is 20,000. Wouldn’t you want around $166 a month at the very least to get 10% ROI to comfortably beat the 6-7% APY average from index funds? If not even greater than $166 per month? + +The only thing that I can think of is that I’m not factoring in the equity I’m going to building, or that people are buying really cheap houses in the Midwest or something. + +I figure my logic must be flawed here and I would appreciate some help! Thanks guys! +**PREFACE:** + +&#x200B; + +I think this upcoming week will provide a fantastic opportunity to enter an investment into any of the three tickers I listed at a tremendous discount to fair value. + +Election uncertainties and fears of a Biden win have caused the share prices of defense sector stocks plummet despite strong financial results in the most recent round of earnings. + +The outlook for the defense budget is actually great. Both Biden and Trump would be **extremely unlikely** to significantly cut the defense budget. Both have formally stated that they would like to maintain a strong military presence to counter the rising threat of China albeit through different strategies. Biden wants more defense spending to be allocated towards cybersecurity/drones while trump wants more conventional options. + +&#x200B; + +**Dividend Analysis:** + +All three of the companies have respectable dividend safety and growth histories. Right now $RTX is the most undervalued due to the headwinds from its acquisition of UTX and the stagnation of revenue streams related to aviation/planes until global air travel recovers. + +$LHX has the absolute highest CAGR of \~20% over the past 20 years with a solid 5 year DGR of 10%. + +$LMT is not too far behind $LHX with a 5 year DGR of \~8% + +$LMT offers a slightly higher starting yield at \~2.7% compared to $LHX at 2.1% though nowhere nearly as high as $RTX at 3.5% + +**Fundamental Analysis:** + +$LMT is likely the safest bet here. It has the largest defense backlog and is trading at a lower PE ratio relative to LHX. It also doesn't face the headwinds of exposure to the aviation industry like $RTX. + +$LHX offers the biggest potential for future growth. These guys are trading at a large P/E for a reason; they've been experiencing explosive growth and are in drones + cybersecurity services which are likely to boom. + +$RTX is a deep value/recovery play. +I love the process, the long haul of building this life long investment. Getting intimate with a handful of stocks, researching, looking forward to payday to buy more shares. It has made me want to work harder! Work overtime, not call in, be frugal and see everything as stock purchase opportunities. I could order that pizza delivery and drink a case of beer tonight.....or use that 30+$ to buy another share of AT&T. I legit have lost 35lb since I started dividend investing and not spending ridiculous amounts of money on food. + +I am just finding more satisfaction out of life and enjoying the process rather than quick pleasures and racing to the end. +Been waiting for some bad news and it finally came (sort of). I bought 100 shares today. I know that’s not much to some of you, but at this price I think throwing a bit on VZ can’t be a terrible decision. So Reddit, is VZ a twinkle, or is it a dying industry going the way of the dinosaurs 🦖? +>[**Uber** ](https://crunchbase.com/organization/uber) **has laid off 435 employees across its product and engineering teams**, the company announced today. Combined, the **layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team**. +> +>The layoffs had no effect on Eats, which is one of Uber’s top-performing products, and Freight, according to a source familiar with the situation. +> +>**Meanwhile, the company is lifting the hiring freeze on the product and engineering teams that has been in effect since early August, according to the source.** +> +>“Our hope with these changes is to reset and improve how we work day to day — ruthlessly prioritizing, and always holding ourselves accountable to a high bar of performance and agility,” an Uber spokesperson told TechCrunch. “While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organization, which going forward will continue to hire some of the very best talent around the world.” +> +>**Of those laid off, more than 85% are based in the U.S.; 10% are in Asia-Pacific and 5% are in Europe, the Middle East and Africa, according to the source.** + +&#x200B; + +[In July this year, Uber laid off 400 of their 1,200 marketing employees.](https://techcrunch.com/2019/07/29/uber-lays-off-400-employees-as-part-of-marketing-team-restructuring/) + +&#x200B; + +[UBER stock price](https://finance.yahoo.com/quote/UBER?p=UBER&.tsrc=fin-srch) + +[TechCrunch](https://techcrunch.com/2019/09/10/uber-lays-off-435-people-across-engineering-and-product-teams/) +My net worth falls in the range, and although it is not nearly enough to be FI, I'm curious to know if you consider that to be a lot of money, or very little. In your opinion what advantages does a net worth in that range offer you? + +New to this sub, if this question in inappropriate I apologize! + +Edit: My most highly commented-on post. Thanks for all the insight everyone, this sub has so much to offer. +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've been hesitant to run this by anyone else offline as I feel it could be perceived as a bit offensive to some or shallow to others. + +Does anyone else feel like the more they learn about money, the smarter you become with your choices, the less impressive monetary amounts become? + +For example, when I was $80k in debt, this number was monumental. An amount that seemed too far out of reach, I couldn't envision getting out of debt. Hell, $1,000 was a lot of money to me. + +Yet, as I worked through eliminating debt, having spent just over two years doing it, my mind has been altered. Now that I'm controlling my money, making great progress, and continuing to improve my finances, my perspective has changed. I studied personal finance two years before implementing change, so I'm close to five years of continued learning. That means nothing to me except that I've come a long way personally. + +$1,000 is merely pocket change that is nice to have but in the grand scheme of saving a 6 month emergency fund or saving to pay cash for a home, it's nothing. I received $3,500 the other day from an item sold and while that was used to further power my financial goals, it's not very much money. + +Is my perspective common or am I treading dangerous territory in thought? + + + +Edit: I was surprised to see how active this post became. I'm glad to see that the absolute greater percentage of people can relate to what I tried to explain. To be clear, the context of my stating that $1,000 is pocket change has nothing to do with it being a small amount that I can disregard in wasteful spend. Rather, it's such a small amount when I'm actively trying to save my six month emergency fund (at this moment) and have set a goal to buy my next home with cash (in the distant future). I'm grateful for the many comments that have helped me better understand my transition of both thought and perspective. +I'm looking for books for investing long term (3-5 years) on how to invest in the stock market. I know very little of how to do this and would like to learn. I do plan on using Robinhood for 2 or 3 years then would like to switch over to Fidelity. +What’s the general consensus on the risk of selling ITM puts on this sub? Lately I’ve been targeting stocks that have a large % drop (~10%) in a single trading day and then selling ITM puts at a high premium. The caveat here is that the premium is greater than the difference of the strike and current trade price so even if I get assigned I still win a little bit. + +My hope is that the price rebounds and gets closer to the strike price before I get assigned, that way I collect the premium immediately and then sell the shares immediately after I buy them (or I suppose I could hold for a bit if I were bullish on the stock). + +This seems too easy though. The obvious risk is that the price doesn’t go back up and I get assigned at a price where premium is no longer greater than the difference between the strike and share price. What’s the consensus of this sub? +(https://www.globenewswire.com/news-release/2020/09/08/2089940/0/en/Corbus-Pharmaceuticals-Announces-Topline-Results-from-RESOLVE-1-Phase-3-Study-of-Lenabasum-for-Treatment-of-Systemic-Sclerosis.html) +MSNVF + +**About Mission Ready Solutions Inc.** + +Mission Ready specializes in providing comprehensive government contracting solutions through its privileged access to a host of government contracting vehicles including its Special Operational Equipment (“**SOE**”) Tailored Logistics Support (“**TLS**”) contract administered by the United States Defense Logistics Agency (“**DLA**”), and Multiple Award Schedule contracts administered by the United States General Services Administration (“**GSA**”). + +Mission Ready’s wholly-owned subsidiary, Unifire, Inc. (“**Unifire**”), is one of six companies, globally, authorized to provide equipment and designated services under DLA’s SOE TLS program. Unifire is a designated Small Business and an industry-leading manufacturer and distributor of over 1.5 million fire, military, emergency, PPE and law enforcement products. As an incumbent awardee of the SOE TLS contract, with extensive knowledge and experience in providing solutions to the US Federal Government, Unifire utilizes its highly-efficient, scalable technology infrastructure to provide procurement solutions for program managers, military and federal contracting offices, base supply centers, and other governmental supply agencies. + +Mission Ready serves to prevent injuries and enhance the performance of military personnel, first-responders and all those serving on the front lines by equipping them with the next generation of personal protective equipment (“PPE”). Mission Ready Solutions Inc specializes in providing personal protective solutions to the global defense, security and first-responder markets as a product manufacturer and an experienced government contractor. Mission Ready leverages its privileged access to valuable federal procurement vehicles including the Special Operational Equipment (“SOE”) Tailored Logistics Support (“TLS”) contract administered by the United States (“US”) Defense Logistics Agency (“DLA”). Additionally, Mission Ready is an incumbent awardee of Multiple Award Schedule (“MAS”) contracts administered by the US General Services Administration (“GSA”). + +**contracts** + +* **government contracts**In September 2020, Mission Ready announced that, through its wholly-owned subsidiary, Unifire, Inc., the Company was awarded a total of 7 government contracts – for personal protective equipment consisting of disposable level 2 and level 3 isolation gowns (the “Isolation Gowns”) – with an estimated value of $127,878,307 and a maximum value of $435,723,020 (the “C&T Contracts”) to be fulfilled over a 12-month period. + +**Lyft contract** + +In June 2020, the Company announced that it had signed a one-year Master Services Agreement, dated May 31, 2020, with a leading transportation company (“PartnerCo.”) based in San Francisco, California whereby the Company will manage the sale of personal protective equipment and cleaning supplies (“Goods”) to drivers (“the “Program”). The Goods will be competitively priced at PartnerCo’s negotiated pricing with no additional PartnerCo markup. The Goods will be shipped directly to the drivers through Mission Ready’s distribution network. To start, a set selection of products will be available, including face masks (disposable and reusable) and disinfectants (sprays, packets and hand gels) – with additional products to be added based on driver demand and supplier availability. + +* **CAD $24 Million FEMA Contract Award** + +In May 2020, the Company announced that, further to its news release dated April 28, 2020, the Company had received a CAD $24,000,000 (twenty-four million) contract award (“Contract Award”) from the US Department of Homeland Security (“DHS”) Federal Emergency Management Agency (“FEMA”) for the provision of personal protective equipment (“PPE”) to be delivered between May 12, 2020 and September 30, 2020. In addition to the CAD $24,000,000 awarded to Mission Ready, the Contract Award included an option, exercisable at FEMA’s discretion, for an additional CAD $12,000,000 (twelve million) to be awarded to Mission Ready no later than September 30, 2020 (the “Option”), for an aggregate potential contract value of up to CAD $36,000,000. + +Things to Consider (not from me, but this is coming from a smart poster on ceo he sums up pretty much everything that's going on right now.) + +* The court case hasn't been updated since November 20th. (Perhaps a mutual agreement considering that the ceiling for SOE is being raised to 8B) +* The $350M is yet to be awarded. The National Emergency Stockpile is seriously lacking PPE. USA set a record in most Covid deaths just this week. PPE is badly needed. Nursing homes are lacking staff, not only in USA but all over the world. +* The 8B bridge contract is to be awarded in January 2021.(update: courtcase lost sadly [https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/](https://mrscorp.com/mission-ready-provides-corporate-update-otcqb-listing-soe-appeal-ceo-address/) ) It will consists of the 2 new SOE players and hopefully Unifire/Quantico in the mix. Unifire has really improved the relationship with the DLA in the last 6 months, it appears. In terms of contract values awarded in 2020, Federal Resources was number 1, Atlantic Diving Supply was number 2 and Unifire 3. Big growth trajectory. +* What is going on with the investor deck for MRS? It was taken down late October and nowhere to be seen. I am thinking we see it early January perhaps along with a new site. +* Company mentioned that they may upgrade to OTCQB but it is very likely they just directly to OTCQX which they qualify for. Buck did mention underpromise and overdeliver, unlike Jeff's mantra, overpromise, underdeliver. +* Bratton and Spider Marks on Board of Directors is very telling. Two big names on such a small venture company is definitely an eye raiser. +* Q4 will be the biggest quarter in the company's history and it is ending today. Q4 will have revenues of $38M minimum plus the $50M+ on top of that according to FPDS. Likely Q4 is about 90M surpassing all of revenue up to Q3 of $62M. Gross profit range, 7-8%. +* Protect The Force has nothing to show for all year. The Ballistic Combat Armour industry keeps increasing, projected to be 27B in 2021. The company will truly propel to new heights if they could get a body armour contract. +* Options for the board of directors have been granted. Now we may see the management accelerate considering the incentive is there. +* ITG seems to be our market maker with some big purchases this week. They're there to promote liquidity and it has been apparent lately. +* The total shares outstanding have been reduced from 230M under Jeff to 213M under Buck. The current share structure is 189M with 45M + 20M options belonging to insiders. The majority of holders of MRS have huge positions and are hesitant to let go. This stock may accelerate quickly once the Americans are allowed to buy freely without worrying about selling. + +**Financials** + +**Results of Operations for the Nine Months**Ended September 30, 2020 The Company’s gross revenues for the nine months were **$62.44 million,** an **increase of $54.72 million from the $7.72 million realized in the same period in 2019**, a **709%** increase. This is a direct result of the closing of the acquisition of Unifire and reporting the revenues of Unifire from April 2019. The Company recorded a cost of goods sold of $56.90 million for the period ended September 30, 2020 compared to $6.45 million in 2019. The **gross margin was 8.87%** for the period. . The Company derives approximately 97% of its revenues from customers and clients where the end customer is the US Department of Defense, law enforcement or private security + +MY DD + +[https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#](https://docs.google.com/document/d/18nIyRsuGZia80zIdD5mcR9QrTV1O5DJk51u2z0GOykY/edit#) + +GOOD DD + +[https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/](https://wealthhub.ca/mission-ready-solutions-is-more-than-ready/) + +Mission ready solutions discord + +[https://discord.gg/8UD5UsPM5V](https://discord.gg/8UD5UsPM5V) + +Last time i tried posting people bombarded me about the balance sheet, the debt people see on the balance sheet is servicing debt, they take from a line of credit to buy the items for the contracts and when the items are delivered they collect the money from the customer and anything extra after paying back their line of credit is profit[http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/](http://www.mrscorp.com/mission-ready-announces-q2-2020-results-provides-corporate-update/) + +&#x200B; + +valuation coming from [https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares](https://simplywall.st/stocks/ca/capital-goods/tsxv-mrs/mission-ready-solutions-shares) + +[currently at 30C](https://preview.redd.it/o80yb3pc25c61.jpg?width=4032&format=pjpg&auto=webp&s=b3a4669c424638d74257c5f1b5346ee90071aef2) + +current price now at 30c + +This is not financial advice dyodd +The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2021. The rates are: + +• Three (3) percent for individual overpayments (refunds) + +• Three (3) percent for individual underpayments (balance due) + +Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For Taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points. + +[Source at IRS.gov](https://www.irs.gov/newsroom/interest-rates-remain-the-same-for-the-second-quarter-of-2021) +First, don't mind the tag, this isn't a shitcoin. + +&nbsp; + +I've invested in tons of shitcoins and this is the only one (not a shitcoin btw) I've been in since the day one and have no intention to let go anytime soon. +The community is nothing like you've ever seen, people are polite and gathered together with one simple goal in mind - to be a part of something great. +The core group or the "devs" as we call them in the Telegram channel are beyond something I've ever encountered, props to the mods as well, it feels like these guys work 24/7 +and have already done so much, it leaves me speechless. Enough with the praises, check it out for yourself, check the milestones and other stuff, but more importantly, please +do yourself a favor and check their AMA that concluded a few hours ago. + +&nbsp; + +Oh btw, there's already 50k in the charity wallet and well over 4.5k holders! + +&nbsp; + +✅ GAPT - FUTURE OF CHARITY TOKENS! + +&nbsp; + +🔹 WHY IS $GAPT THE FUTURE? + +* $3.5 Million Market Cap +* Only 1 week old! +* Highly Experienced Dev and Marketing Team +* Community Decides Where the Money Goes! +* Incredible Telegram and Reddit Community! + +&nbsp; + +✅ ALREADY ACCOMPLISHED! + + +* Website and Social Media Launch +* Developer Dox +* Application Submitted to CoinGecko +* Trust wallet logo +* Listing on Delta + +&nbsp; + +🔹 ON GOING + +* Marketing +* Coin Market Cap +* Blockfolio +* Charity Donation Portal Development +* Website Redesign - (Check Prototype Progress: https://invis.io/G810S68962MY#/450074414_Gapt-Home-V01) + + +&nbsp; + + +🔹 Tokenomics + +* 10% Fee on Every Transaction +* 2.5% Distributed to Holders +* 5% Added to 10 Year Liquidity Lock +* 0.5% to Charity Wallet +* 0.1% to Community Wallet +* 1.9% Burned Forever + +&nbsp; + +✅ First AMA accomplished tonight! See the transcript! + +* TRANSCRIPT DOCUMENT: https://t.me/GAPTCHAT/32172 +* FULL AMA VIDEO: https://www.youtube.com/watch?v=HgU7AYtoO9o&t=1964s + +&nbsp; + + +🔹 Chart: + +* https://charts.bogged.finance/?token=0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 + +&nbsp; + +🔹 Dev Doxxing: + +* https://twitter.com/Christo50366544/status/1383300879722242052?s=20 +* https://t.me/GAPTToken/31 +* https://t.me/GAPTToken/20 +* https://t.me/GAPTCHAT/2617 +* https://t.me/GAPTToken/41 + +&nbsp; + +🌎 Global Links + +* Website: https://gapt.io/ +* Telegram: https://t.me/GAPTChat +* Github: https://github.com/gapttoken/GAPT +* Twitter: https://twitter.com/GaptToken + +&nbsp; + +✅ Buy: + +* https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x63a4644142CA6dc83CfE0E2bdba8d62174491fD8 +My husband (boyfriend at the time) and I have struggled financially since the moment we moved in together as inept teenagers 10 years ago. There were times that we scrounged for change in and under the couch so we could buy a 50 cent can of generic beef stew that, in retrospect, was probably only a grade or two above dog food. Since then, we've settled in our careers and earn a modestly decent living (a change from about $20k/yr to $75k/yr). + + +It was 2 years ago that I began reading posts on PF and wondering why we were always living paycheck to paycheck and our credit was in the trash. With PF's guidance, I began tracking every cent, using credit responsibly, built a 6 month e-fund, opened and maxed out IRAs for us both, and began progressively upping contributions to my 401k. I also began making more informed investment choices (the early 401k years were a hot mess). + + +In these 2 years, our liquid savings has increased from $2k to $15k, and we have $20k in our retirement accounts (little acorns and all). We have cleaned up our credit reports, have no outstanding debt and always pay credit card balances in full. Most exciting of all, we are about to close on a modest $70k house where the principal, interest, tax and insurance will be roughly half of what we currently pay for rent. + + +PF gave me the wake up call I needed, the wisdom to guide me, and has completely changed my view of money and ultimately life. Growing up poor, money was a symbol of oppression, a way that scheming fat cats kept me penniless in the gutter. Now I see it as a tool that makes my life run more smoothly and gives me a peace of mind that I never thought possible. + + +I know my accomplishments are modest and I can't complete with 25 year old engineers with six figure net worths, but I can't overstate the effect that PF has had on my life. I will forever be *profoundly* grateful. Please accept my most humble and entirely sincere THANK YOU!!!! +...is the answer I got from a friend who I got into crypto two months ago while we're discussing the Doge mania, and it's so freaking annoying. + + +Elon Musk is doing more harm to crypto with this Doge bs more than any other individual on the entire planet. Doge mints 10,000 coin a minute, 1 billion coins every 80 days as pointed out in a post a few days ago, the tokenomics on this coin is so ridiculous and it's meant and created as a joke, tens of thousands if not hundreds of thousands of people will lose so much money if they kept doing what Mr. Musk is telling them to do. The crash will be historical and it can harm the Cryptosphere for years to come. + + +I know that the Doge gang will downvote me to oblivion but whatever, if you made money off Doge, good for you, but I'm not touching that coin with 10 meter pol and in the end, we're all here to achieve financial independence and in my case to get my family out of a third world shit hole they call a country, so good luck to each and everyone of us + +Edit : grammar and typos +Obviously I’m not sitting at a board of directors level or anything but am I free to buy shares for the company I work for? I’ve tried to Google this but it isn’t very clear. + +This wouldn’t be massive amounts of money or anything. I would just be adding to my overall portfolio. +We’ve been with British Gas since we moved here 3 and a half years ago. Had smart meters installed sometime last year. Had a bill from British Gas saying they are increasing our payments to nearly £200 a month and we are also nearly £400 in debit with them, despite paying just over £150 a month before getting this bill. + +We cannot afford to pay what they are asking. It seems like every time a bill comes through we end up in more and more debit despite them increasing our payments every billing period. I don’t understand, we can’t be using that much energy surely? We live in a fairly small 2 bed semi as a family of 4. Does this sound right? My partner is going to phone them later, they won’t speak to me because the account isn’t in my name. It really feels like these payments are getting out of control and will keep getting higher and higher as will our debt with them like some sort of vicious cycle. + +EDIT: + +Screenshot of gas usage: https://imgur.com/kQKrBPA + +Screenshot of electric usage: https://imgur.com/mTN5klj + +Screenshot of gas and elec usage from jan17 - dec17: https://imgur.com/G7kH0Yh + +UPDATE: I logged into my account online and switched from their standard variable tariff to their Home Energy Fix July2019 tariff. It wasn’t their cheapest, although there was only a few £'s in it anyway. But there are no exit fees for when we eventually switch providers and our payments will reduce to £160 which although still high, is a bit more manageable. + +I’m still going to phone them about the high debit for clarification. Thanks for all the tips and advice, its been very helpful. + + +My employer just quietly decided to switch the 401k matching program from each paycheck, to just one lump sum annual match AFTER the year is over. You also have to be an employee the entire year to receive the employer match. So for example, if you leave in November for a new job elsewhere, you get no match whatsoever for that year. Very disappointed to hear this for several reasons. + +They state the reasoning is “to match the current market”. Does anyone else actually get their 401k matched on annual basis rather than by paycheck? I’ve never really heard of it done this way. +I will go full u/rick_of_spades and 🍌☝️🍑 + +That’s right, butt stuff is back on the menu! I hope we see a steady climb all day tomorrow and go into the weekend with dangerously jacked tits. The hype in this place is going to be so loud, r/all will have to mute our sub from overtaking Reddit. + +$250, that’s it. We close above $250 and a banana is going up. !RemindMe if you must. +hi, not sure if this is the right place to post this but here i go anyway. + +im a teenager, and me and my mam live together. life's been going good so far, but we're afraid it won't be soon. as soon as i turn 16, which is a year away, my mother will stop getting the money, like, from me? im pretty sure. i asked her and she says its Working tax credit, Child tax credit and Child benefit. + +and the money she makes right now, on her job, isn't enough to actually live off of, she needs these three things. she's been worrying a lot and crying about it because when this money stops, she'll have to live off the 3000 she has saved up, and we're renting this house, it's 900 a month so it won't last long. and then she wont have anywhere to live. + +i can't do much, im just really concerned, we both are, and i was wondering if there is anyway we can save money? or like, stop it from happening? + +we've discussed what age these will actually stop, but we aren't really sure. we think it'll be when im 16, but she's also getting DLA for me, since i have special needs. im not sure if that'll turn into pip for me when im 16, and then i can give it all to her, or not. but i don't really know if this is all money related or more legal related. + +a mother becoming homeless isn't fair, we have pets to take care of to. if theres any advice on people have with this situation, or saving money to help it, anything will help. i just don't want my mother to have no where to go. +DJI volume today was 420 million. Nice I know. The average is 4m. The highest is 40m or some rookie number like that. Today a lot of people went record breaking. + +$3.5 trillion in transactions. Highest dji has been in 5 years (before today) was 40 million volume. + +https://preview.redd.it/9zvnt5tcofq61.png?width=645&format=png&auto=webp&s=db5bd5d608bdc66ef9ea84038719118c0aa30aaa + +The alpha volume was so ridiculously mooning it left its chart to penetrate the top one on yahoo + +&#x200B; + +https://preview.redd.it/f7srah9snfq61.png?width=875&format=png&auto=webp&s=41506b98c84ba1d7f0ba03138fcf5f60980aa510 + +After hours theres just been another whole (average) days volume in the Cramer Jones 30 + +https://preview.redd.it/e7bu1twbofq61.png?width=934&format=png&auto=webp&s=46cecf542eed53c18141afe064d00fbfd2f2c1fc + +if you can't count - 414m in first picture + +418m in second + +418m - 414m is 4m - source google calculator. + +&#x200B; + +https://preview.redd.it/vr8ew5xvofq61.png?width=668&format=png&auto=webp&s=60ffec0b36460466594b9af7581eed1d3b15670f + +&#x200B; + +If this the covid rug pull at last? Is this last years quad witching at last? Is it Gourd Futures? is it cause Biden opened his mouth? + +Or is this SLR prepartaion H, liqudiating a mass of shit to get those resrves in place before Papa Powell comes a knocking. + +for real what the fuck is this shit? + +Edit - Apparently this is some bug with the DJI ticker on these websites and they can’t even report this properly. They’re more fuckin retarded than we are... +Just another reminder. The worst they can say is no. I read this tip a few months ago on this sub. My son was born in December. We owed about $2700 to two different billing dept.'s at the hospital. + +First lady immediately took 10% off. The second one put up a very minor argument saying probably not... and just one minor pushback and she said she'd talk to her supervisor. She called me back 30 minutes later with a 10% off offer. +I don't understand why people say that raising income taxes discourages earning. Whenever this argument has been made to me people say that if you raise the taxes on the rich, they will choose to earn less because they don't want to deal with the taxes. This makes no sense to me. I am a math guy and if someone makes 20,000 and is taxed 20% it means they are making 16,000 after taxes. If someone who makes 500,000 is taxed 40% they are making 300,000 after taxes. They are still making 300,000 aren't they? I don't get the idea that because they are taxed more that some how their desire to be rich will some how become less. And, if somehow these taxes do discourage greed, isn't that a good thing? + +I am not trying to troll I just don't understand this concept. If I was taxed more on my money I'd want to earn even more so that I would have the amount I wanted to have after taxes. Maybe that is just me. + +Edit: Am I getting downvotes because this is off topic? Or otherwise? I am not an economist and I am just looking for an answer here. +The employees in the businesses compete because less revenue means less payment for them. + +If this system exists, has it ever been implemented? Would it "work"? +Morning everybody, 26 year old in full-time employment (Estate Agent) earning around £18k a year. I'm wondering if anybody could help me, advise me on what to do next. I'm really struggling and I honestly don't know what to do at this point. + +I am currently looking into taking some sort of large loan/consolidation loan (not even sure I'd be approved, my credit rating is horrible) but I'm not sure if I'm just panicking or this is actually the only answer? + +I currently am £2000 into my £2000 overdraft, plus an additional £52 over my arranged borrowing limit, so my balance sits at £-2052. + +I have a "forward card" through Barclays which has a £250 limit, which I am at £246 of, so have £4 on. + +I have an outstanding Sainsbury's loan which I took out for £3000, I've paid off £450 of this so still owe them £2500 roughly. + +I also have a PayPal Credit limit of £2500, which I have £100 available. + +I only have £520 left to pay off on my vehicle, 1 regular payment and the final balloon payment. + +I also owe various friends £100 here and there as well. + +My main issue is the fact I get paid every last Friday of the month, and I am already over my arranged borrowing limit and therefore cannot spend anything, so unless I use PayPal Credit to order my groceries, I cannot eat, and also cannot fill up my car to get to work either. + +I got myself into this mess by irresponsible and reckless spending throughout my younger years and it has caught up with me, and I'm completely embarrassed but at this point I honestly do not know the answer, the only loans I can find at £37% APR and I only have a 50% acceptance rate anyway. + +The only silver lining is I live at home with parents and pay £205 rent a month. + +Has anybody got ANY advice whatsoever? Is getting a £10k loan at 37% APR a better idea? I am constantly being harassed by various creditors and I don't see any other option. Close to tears as I write this. + +Thanks everybody. +I really wanted to get promoted so I could earn more $$ to reach FI faster. Well I succeeded but found an interesting twist: at higher levels, my company gives employees extra rewards in the form of company stock that takes 3 years to vest. If you leave the company before 3 years, you don't get the award (very smart for them!). This is a new ball game to me, because it would make walking away from my job at some future point more difficult...I'd feel bad about giving up that non-vested stock! + + +Has anybody else faced a situation like this? Does it change your feelings about walking away someday? +Do you love r/investing but scratch your head about r/wallstreetbets? Imagine it's got 290k YOLOers versus r/investing's 230k investors. + +Well, 4k YOLOers filled out a survey. See: http://imgur.com/gallery/3xwfI + +Highlights are: + +* 53% are under 25 years old +* 88% male +* 41% are students & 28% are engineers +* 44% have less than a year's experience +* 53% have less than $10k in their account +* 42% trade via Robinhood +* 50% trade stocks +* 50% want to learn how to trade options +* Trend following is the favorite strategy 26%, followed by rumors 18% + +Of course, it was a self selecting survey, and only 4k out of 290k but it's really interesting! Yes? + +Maybe the **mods** would consider a similar survey for r/investing? What you think? u/CrasyMike u/MasterCookSwag u/StockJock-e ? + +EDIT: 90k YOLOers, the cleverdicks at r/WSB have edited the css to add the 2 in front. lol. +Introducing PYLON, a cryptocurrency backed by the USA's largest GPU mining facility. + +"PYLON GPU VAULT +THIS is what we built this journey on +You deposit pylon and get gpu income based on your market ownership proportion. +users are delayed 14 days to start getting income. as it will be a 14 day ramp to integrate the hashrate for the money offramped. our speedy deployment is due to pre building mines and having hardware available that is brand new and state of art performance. +No longer its 6 months. once money is in vault. 14 days then it starts to pay out the user. this allows us to build the mine, and distribute to vault user but not disturbing income APY for current users there so essentially new users will earn when new income is flowing so it is never unbalanced." +- Pylon team in TG + +In a nutshell, you buy pylon and profits from the GPU mining farm are recycled back to pylon hodlers. + +I'll be honest, the team & organisation is very degen (I've added links below, the team's medium contains a lot of info), but the foundations seem to be in check (twitter shows videos, pictures of the GPU farm). + +It's hard to think of many tokens backed by real income earning assets (GPU farm here), and while Pylon's degen attitude towards the market may be off putting to those with more boomer mentality, it's the nuts & bolts of a project that matter to me. + +Definitely worth checking out, as "dividends" are expected to be paid out by the end of this year. A very ambitious project, which if gets going, should be valued way higher by the market. + +Check out the links below, and always DYOR! This one is a bit of a mess to untangle, but seems a great opportunity under the BS. + +Current mcap = $2.2m + + +website: https://pylon.finance/#/ +Twitter: https://twitter.com/PylonFinance +Medium: https://medium.com/@al_92198 +Telegram: https://t.me/pylonfinance +coingecko: https://www.coingecko.com/en/coins/pylon-finance +uniswap: https://info.uniswap.org/pair/0xbe9ba93515e87c7bd3a0cebb9f61aaabe7a77dd3 +Charlie Munger, the Vice-Chair of Berkshire Hathaway and colloquially known as Warren Buffet's right hand man took on BTC during Berkshire Hathaways annual shareholder meeting + +There he called Bitcoin "stupid because it’s very likely to go to zero" and also praised Chinese leader Xi Jinping for banning BTC. + +He also claimed that Bitcoin is "evil". Yet his company Berkshire Hathaway invested $28 billion in Chevron and Occidental Petroleum in just the first 3 months of 2022. The same Chevron that is responsible for one of the [worst ecological disasters in history ](https://europeangreens.eu/brussels2013/content/chevron-texaco-and-environmental-disaster-amazon)when it dumped over 18.5 billion gallons of toxic water into the Amazon rainforest contaminating two million acres of the Ecuadorian Amazon. + +And why did he call BTC evil? For its environmental effects? [Nope](https://www.foxbusiness.com/business-leaders/charlie-munger-bitcoin-stupid-evil-bad) + +> "it’s evil because it undermines the Federal Reserve System and national currency system, which we desperately need to maintain its integrity and government control and so on" + +This is the mindset of these people. Evil doesnt mean destroying the world. Evil is anything that tries to disrupt the status quo. God forbid anyone else becomes rich! +It's been nearly a year since I made the original UK Personal Finance Flowchart: + +https://i.imgur.com/ezGWhE3.png + +Does anyone have any comments on improvements or changes needed? I'm not sure if the [November Budget](https://www.gov.uk/government/news/autumn-budget-2017-date-confirmed) will make any difference or not, probably not. + +I've tried to export it to a slightly higher quality PNG and I've bumped the version number to V1.0 given it's been in the wild for a year, but other than that I've not made any changes. Suggestions welcome. + +Or if you prefer, the source file for the [Draw.IO](https://draw.io) chart can be downloaded [here](https://drive.google.com/file/d/0B6yAINuW1oiUaFMxMjd5ZDVQZmM/view?usp=sharing) and you can mess with it yourself + + +Latest Version: +https://i.imgur.com/BfHzwr9.png + +[Changes:] + + * Thanks to /u/dijumx who has re-arrangeed the flow chart to be a lot more logical + + * Note added reminding people to claim additional tax relief if in 40%+ tax bracket. (People in higher brackets should know better!) + + * Changed order of arrows to clarify if Pension is full should move to ISA before taxable account + + * Changed "Does your company have a pension" to "ensure you are auto enrolled" + + * Added note about life insurance to cover budget if you have dependents + + * Added note that building a 6 month emergency fund before paying off debts is optional depending on circumstances (job security etc) + + +WHAT IF the Longs have been keeping the price sideways for the last couple of weeks to keep the IV low so that Shitadel wouldn't make a lot of money from options premiums? + +WHAT IF the Longs didn't fight the price dip today because they are no longer concerned with decreasing volatility to keep the IV low? + +WHAT IF the Longs actually want the IV to increase this week to discourage purchasing of call options because the options are at a max strike of $430 unlike all of the previous weeks when the max strike was as high as $800 and there were a shit ton more OI? + +WHAT IF today's price drop, increased volatility, increased IV and premiums, decreased purchasing of call options, max strike @ $430, decreased total OI, reduced impact of mooning price from all call options coming ITM... all signaled that the MOASS is imminent? + +This is all just pure speculation on my part as I think of one possibility in a universe of infinite possibilities. + +Edit: what was notable for me today wasn't the massive short attack on the price. They do that shit everyday and it's to be expected. What was notable was that, unlike everyday for the past couple of weeks, the price did not recover (usually immediately or at least by the end of the day). Why didn't the Longs correct the dip? Why didn't they fight back like they have everyday before this? I thought of this scenario as a possible reason why. + +Edit 2: some comments have asked the reasoning behind why having call options now with a max strike @ $430 is more beneficial than the previous weeks when the max strike was @ $800. This is based on the belief that all parties want to control this shit show as much as possible and try to control an uncontrollable demolition, which goes along with the belief that for the same reason the MOASS is trying to be contained until new rules are in place to make the inevitable chaos more orderly. This is actually not my original thought and I give credit to u/Coachbonk for this in his DD: [https://www.reddit.com/r/Superstonk/comments/n1703r/this\_week\_is\_not\_the\_weekbut\_these\_next\_few\_are/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n1703r/this_week_is_not_the_weekbut_these_next_few_are/?utm_source=share&utm_medium=web2x&context=3) +The 401k match I have been getting becomes mine after the first week of June. Started back in June 2019 and finally becomes vested in June 2022. I received a new job offer at a different company that comes with a 50% increase in compensation. They want me to start in May. I tried pushing the start date back but they won't budge. I've already accepted the offer as well. + +Is there anything I could possibly do to get my current company's contributions? It's nearly 20k that they contributed all these years that I'd be losing. Feeling like I'm just going to have to bite the bullet and lose that money. +I have seen all over the news of different celebrities paying exorbitant amounts for the Ape NFTs and it just feels super inorganic and forced. + +There are many celebrities that have supposedly bought these NFTs and now have changed their profile picture to the Ape they own. Some of the prominent ones include Future, Lil Baby, and Jimmy Fallon all spending 500K+. And while I don’t doubt they couldn’t afford it as they are all obviously multimillionaires. I do not believe they are actually buying them. + +My working theory is that they are simply getting them for or even getting paid to market these NFT’s and it’s just the NFT owners wash trading between their own ETH wallets to create Artificial demand and contribute to the price inflation. + +The most recent one I saw was Justin Bieber buying an Ape NFT for around 500 ETH (over 1 million USD). When the base price of the NFT was 250K. + +I refuse to believe celebrities at their own willingness are overpaying for these. Once again I understand that a celebrity like Justin Bieber could in theory afford to throw a million at something like this. But just doesn’t seem like something he would rationally do without ulterior motives. + +Welcoming any thoughts people have on this? Just want to disclaim I am not against NFT’s and believe the tech and potential of it is amazing, but the current use case is absurd and indicative of a artificially inflated bubble(this is coming from someone that made a few ETH flipping NFTs) +Hi everyone, my long-term partner and I split all expenses down the middle. We plan on buying a home next year and will also split the mortgage, utilities, renovations, etc. 50/50. That kind of model doesn't work for everyone, but it works for us. In the future, we aren't interested in marriage. + +We're both on the FIRE path and I may take some bets and start a business in the future that may put me on the path of fatFIRE. Given we have no plans for marriage, is it necessary to create a pre-nupish contract? I was reading about common law marriage and that's apparently still a thing, so this got me thinking. + +I'm posting this in r/fatFIRE because I posted something similar in /r/financialindependence a few months ago and got nothing but replies like "If you're not getting married, you shouldn't buy a house together", "you guys should get married - if not, you don't trust each other", etc. Given the sophistication of this sub, I imagine you all understand there are nuances to these kind of situations and there isn't a one-size-fits-all model to life. Also, I'm on the path to FIRE and are taking some life bets in the future which may accelerate my path to fatFIRE, and I want to be smart and prepare accordingly. + +Thank you. + + +I don't get it. I see it here, I see it on other subs, I get it in my daily newsletters. Everybody is talking about Cathie Wood, Cathie Wood, Cathie Wood. + +Who the fuck cares? She's a fund manager. One of thousands, if not tens of thousands of fund managers. Her fund sucks, so do many others and nobody talks about those. Why do people talk about Cathie Wood and ARKK so much? +A close friend is a financial planner and does quite well for himself. I chat with him often about my plan, approach, investments, etc but have never paid him a dime. He's a few years older than me and said he just opened a variable universal life (VUL) policy to use as part of retirement planning. He broke down all the #s, very up front about how front loaded the fees are, and explained how you'd be able to access the money tax free way down the line (20+ years). He recommended one for my situation as well, for the following reasons. I max out 401k/roth ira, don't have access to a mega backdoor, and put 200k+/year into taxable accounts so the 12k/year that the VUL contributions would be wouldn't be a large chunk of my current savings. + +He was very open saying he *does not* recommend this to most people, but since I'm young (29), don't have any other tax efficient investments, high household income (500k), and already solid start (~900k in 401k/ira, taxable accts, 2 rental properties) that it could be a good option for me. + +Now, everything I read online says avoid life insurance as an investment - but he's adamant that that's sound advice for the 99.9% but for the right person it does make sense. I'm confused why he'd open one himself and be recommending it to me (unless he really gets a huge commission for these) if it was really bad advice but I wanted the thoughts of some others + +Thank you! +Inspired from this post: https://www.reddit.com/r/awfuleverything/comments/k3oyuw/poor_guy/ + +I don't know this person's net worth but how likely is it for a multi-millionaire to get wiped out by some fringe health issue that no matter what insurance carrier you use, they don't cover it and you gradually lose everything trying to stay alive? + +I understand that this can happen even while you are on your employer's healthcare plan but the point is that this lingering fact frightens me into never really wanting to stop accumulating wealth indefinitely to bolster my financial security because it seems impossible to insulate myself from medically-induced financial ruin. + +Sorry for any fear-mongering this may seem to imply; it's a real concern of mine and this really isn't something that's easy to Google for an answer. + +Please don't make jokes about "should have been born elsewhere" or "immigrate elsewhere" unless you have a genuine point, all Americans face this possibility much more tangibly than citizens of other first-world nations and I'm just trying to educate myself. +Almost a year and a half ago I stashed enough cash for two weeks of bus fares in the top of my closet. Some unexpected expenses came up and I'm too sick to cycle to work like normal and I was contemplating on how the hell I was going to afford to get to work when I remembered the stash I had made specifically for this situation. +We've all seen how this news is affecting crypto - as Ukraine keeps getting pushed further and further toward being conquered by Putin all of our favorite assets are being driven down and we are all losing our asses unless we had the foresight to short a month ago. + +Here are a few questions I would like to ask any Russians on this sub: + +1) What is the overall sentiment toward this invasion in Russia right now? + +2) What percentage of people you know have (or had I guess, based on the legality of it now) crypto in Russia? + +3) Do you think most Russians actually approve of Putin or does he not actually have a 100% approval rating like the Kremlin suggests? Does crypto factor into this for you? + +4) In your opinion, what would the best outcome for Russia be in this situation? + +5) If you could move to any country on the planet (including staying in Russia) where would you go? Would crypto factor into your decision? + +I realize you might fear for your lives in answering these questions honestly but I am genuinely curious and if you are brave enough to answer honestly you might get a few moons as a tip. +Hey Guys, +So i’ve been studying the markets for about 2-3 years, around the time the pandemic started. I’ve only been recently seeing some positive momentum on my trading. I’ve studied technicals and psychology. + +I want to focus on my personal life for a bit, so do you guys think it’s wise to take a break from trading? If not, why? And if so, for how long? + +Thanks in advance. +It's tax season so this was on my mind recently and I figured I would socialize it here. + +The wife and I have a portfolio full of single family rentals. Every year while doing taxes and especially while calculating depreciation it dawns on me that the longer we have this portfolio and the more we depreciate it we eventually get to a point in time where financially it makes a lot more sense for us to die with the portfolio and hand it to our children who will get a step up in basis upon our death rather than liquidating it and turning the portfolio to cash and then passing a big cash account or investment account to our children. + +We have a few more decades before we die but I'm starting to realize that the longer we are in real estate the longer we are stuck in real estate unless we want to eat a huge tax bill. + +Curious about other people's strategies around this long-term and what you plan on handing off to your children? + +Thanks! + +**EDIT**: for those that keep suggesting a 1031, it’s a tax deferred strategy not a tax elimination strategy. + +Your tax burden is maintained no matter how many times you do a 1031 from smaller properties into bigger ones. If you depreciate it $100,000 off of one property and 1031 the sale into another property your depreciation the new property will start $100,000 lower. + +You carry your depreciation forward. + +So going back to my original question given the fact of the depreciation just grows and grows until you finally take the investment to cash and settle up with the government, it really seems like the longer you are in real estate the longer you need to be in real estate to keep postponing that huge settlement. When you die your assets get their cost basis reset, all depreciation wiped and the asset passed to heirs. + +My question is really directed at the investors that may want to take their real estate portfolios to something other than land before they pass away. The way I currently see it there is no way around not settling up that huge tax burden. + +**EDIT**: This has been an AWESOME discussion, thank you all! + +**BONUS TIP**: After dying and passing RE assets along, the heirs not only get the cost-basis stepped up to the new market value at the time of passing, but the depreciation clock fully reset on the property - meaning they can begin depreciating that property like-new from that day forward on their own taxes. ([source](https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-ve-inherited-rental-property-that-was-being-depreciated-how-do-i-handle-past-depreciation-the/00/668383)) +It's tax season so this was on my mind recently and I figured I would socialize it here. + +The wife and I have a portfolio full of single family rentals. Every year while doing taxes and especially while calculating depreciation it dawns on me that the longer we have this portfolio and the more we depreciate it we eventually get to a point in time where financially it makes a lot more sense for us to die with the portfolio and hand it to our children who will get a step up in basis upon our death rather than liquidating it and turning the portfolio to cash and then passing a big cash account or investment account to our children. + +We have a few more decades before we die but I'm starting to realize that the longer we are in real estate the longer we are stuck in real estate unless we want to eat a huge tax bill. + +Curious about other people's strategies around this long-term and what you plan on handing off to your children? + +Thanks! + +**EDIT**: for those that keep suggesting a 1031, it’s a tax deferred strategy not a tax elimination strategy. + +Your tax burden is maintained no matter how many times you do a 1031 from smaller properties into bigger ones. If you depreciate it $100,000 off of one property and 1031 the sale into another property your depreciation the new property will start $100,000 lower. + +You carry your depreciation forward. + +So going back to my original question given the fact of the depreciation just grows and grows until you finally take the investment to cash and settle up with the government, it really seems like the longer you are in real estate the longer you need to be in real estate to keep postponing that huge settlement. When you die your assets get their cost basis reset, all depreciation wiped and the asset passed to heirs. + +My question is really directed at the investors that may want to take their real estate portfolios to something other than land before they pass away. The way I currently see it there is no way around not settling up that huge tax burden. + +**EDIT**: This has been an AWESOME discussion, thank you all! + +**BONUS TIP**: After dying and passing RE assets along, the heirs not only get the cost-basis stepped up to the new market value at the time of passing, but the depreciation clock fully reset on the property - meaning they can begin depreciating that property like-new from that day forward on their own taxes. ([source](https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-ve-inherited-rental-property-that-was-being-depreciated-how-do-i-handle-past-depreciation-the/00/668383)) +I’ve seen MMT gaining traction as a potential way of financing government spending, the idea appears to be especially popular with UK Jeremy Corbyn supporters. + +I’ve read into MMT and it seems to rely heavily on some assumptions that don’t seem to be correct. + +Firstly, the MMT advocates refer to the government as a currency monopolist. This is obviously true for domestic currency, however in a globalised economy with numerous other currencies - it seems to be incorrect to refer to the government as an overall currency monopolist as the entire point of currency is as a medium of exchange and exchange are determined by relative value of currency. + +Secondly, MMTers regularly work of the assumption that any increase in currency will be met with a corresponding increase in national output. This is surely a shaky assumption at very best and suggests that in many cases MMT will simply lead to inflation, as government officials can’t determine the correct amount of currency to print, as the overall change in national output cannot be known. + +If anyone could clarify this and/or the reputability of MMT economics it would be greatly appreciated. + +It's a book that has been recommended to me to refute the economics we all learn. I'm wondering if there arguments you can guys can send me refuting this book because I don't want to waste my time if it's all lies but I haven't found anything. +Like in computer science, there's programming, hardware, AI etc. All of those are subsets. + +It's the same with like economics, business, finance etc. What are they fundamentally all studies of, it all seems very confusing and a bit blind, what's the fundamentals? +I am trying to understand the Cambridge capital controversy and while Samuelson math is beyond my understanding from what I can tell Robinson pointed out a problem while formulating what "capital" is on a production function which after 15 years of debate was proved as a correct criticism. + +What implications does this have to mainstream econ? Because based on my knowledge this is an important assumption which appears to be ignored. Samuelson said that it didn't matter but it appears to do. What would be the Post-Keynesian/accepted alternative to define capital? + +Thanks +This question is inspired by Figure 1.1. in this report: [http://cbo.gov/sites/default/files/cbofiles/attachments/44521-LTBO2013\_0.pdf](http://cbo.gov/sites/default/files/cbofiles/attachments/44521-LTBO2013_0.pdf) + +It looks like the debt is forecast to skyrocket, regardless of who's in power. Was this inevitable? Will it cause the USA to enter an economic meltdown similar to [what Argentina suffered in 1998-2002](https://en.wikipedia.org/wiki/1998%E2%80%932002_Argentine_great_depression), [what India suffered in 1991](https://en.wikipedia.org/wiki/1991_Indian_economic_crisis), or [what Russia suffered in 1998](https://en.wikipedia.org/wiki/1998_Russian_financial_crisis)? + +Also, what allowed the USA to pay off its very large WWII debts quickly? +I am currently working on my undergrad degree in economics with a mathematics focus and I plan on going to grad school for a PhD. My department advisor suggested that I start doing research projects now so that I can be a more desirable candidate for a PhD program. What are some good ways to start doing research projects? Are there any unanswered questions in economics that economists are struggling to solve? + +Thanks in advance. +We all know that trade is a net positive and it shouldn't be blamed on trade. But this was a huge factor in the election, the fact that middle america has somewhat stagnated, and it's a huge issue. Why is this? +Are their criticisms (eg. economic calculation problem) still accepted in the modern field of economics? From any economic point of view, does their criticism hold any merit? +Just a quick question, because I always read about how wages are stagnant. But this data from the St Louis Fed seems to say that they are not stagnant. + +https://fred.stlouisfed.org/series/LES1252881600Q + +Is there something that this data isn’t capturing (part-time workers, perhaps?) that creates such a data discrepancy to go from those data points to “wages are flat for decades”? +Common argument is that more population growth, through immigration and birth rates, will increase economic growth and improve the overall economy. I hear this time and time again on the radio, reddit etc. + +However looking at the most advanced and stable countries, such as Scandinavia, Japan, Korea, they all have very low population growth rates and very low levels of immigration yet they have extremely strong economies and high economic growth. +Had a long discussion with a finance professional where I work who stated America should adopt 'Value Added Tax' . What would this mean on a national level? Why are we currently not doing this? +The countries and the process are just an example, I don't care about literally the stone market. I want to know why is it that, for example, in Nepal they don't just buy a machine like in the US and produce more stone. Wouldn't an increase in production capability be better for them? I'd like answers both from intuition and economic theory. Thanks! +I was checking out GDP growth for France (just by googling it you get some charts). In 2015 France had 1.1% growth however in nominal GDP on the chart you can see the GDP dropped quite a lot in 2015. This kind of make no sense, except if the growth is denominated in Euros (as confusing as it is) and GDP is converted straight to dollars without taking into account that dollar appreciated a lot in that year. If so then is it correct to show GDPs of countries that not use dollars in dollar terms? I know there is PPP, but this is used for comparison purposes mostly. I just wonder if someone would check French GDP they would think that Eurozone was in recession from 2014, when in fact is was mostly due to Euro depreciation. + +So does showing the GDP in USD for non-USD countries (not PPP) have any use? +Media has blamed money printing from the FED as the cause of inflation. I want to understand more about the reason behind it and whether the government has used the money on where it needed the most. Are there any percentage breakdown for each expense? Could they have done anything different? +So I'm gathering sources for a minimum wage presentation, and one thing I see is that David Newmark consistently seems to find "a clear preponderance of negative estimates" with respect to the effects on unemployment. [Here](https://www.nber.org/system/files/working_papers/w28388/w28388.pdf) for example. + +I'm wondering if there was anything substantial in his studies that I'm missing that point to minimum wage reducing welfare for low income earners, or if this is less controversial than it appears. I've heard that the reason why Newmark finds such negative employment effects is because he assigns equal weight to old minimum wage literature when doing his meta-studies. +The question is pretty much the title, I never saw a debate about an institution with certain autonomy degree, responsible for setting taxes rates. Would it be a bad idea? +While measuring inflation appears very complex, waiting a month over and over to see what is happening feels like a sub-optimal way to get data to be used to try to control inflation. I'm sure the FED doesn't just seek data on the next to last day of the month, but instead is getting new data all the time. Why could they not be updating the inflation picture in real time, as they get data? The way they are working now is much like trying to drive a car while given a peek out the windshield every five minutes. + +As a corollary thought, were the FED to have real time data on inflation, they could micromanage rates rather than waiting a month and then having to jump rates in an attempt to catch up to inflation. If inflation jumps a tiny bit Tuesday then lift rates a tiny bit immediately. I assume that there would be some good reasons not to move rates frequently, but if the big picture intention is to limit inflation to a desirable zone, agility would be a valuable tool. It feels like we are spending 29 out of every 30 days driving out of control. +The covid crisis has impacted the economy heavily. It seems like the pandemic is almost over though and the stock market is at a high. What I'm wondering is if this means we avoided an economic depression or is there still a chance of a covid related economic dip in the near future? +Please excuse my economic illiteracy, I took AP econ in hs but did very poorly. In addition to Fiat I also mean currency where the money supply is subject to change constantly. Where some sort of Federal reserve can alter the amount of money in circulation, as opposed to a commodity based currency. I understand that printing or recalling money could help with a financial crisis (to curb bull and bear markets) but why isn't other monetary policy enough for this? How does having inflation help the aggregate amount of people in society? +Hey r/realestateinvesting + +Small-time landlord, only 11 SFRs properties in my portfolio. The past 5 years, I have self-managed and had never had a property on the market longer than 2-3 weeks in my area of investment. However, my family and I decided to move out of state and felt like we needed to hire a property manager to slowly take over the portfolio. + +It has been challenging and extremely frustrating. + +Properties under their management have taken easily 10-15% loss in gross rent + taking almost double the time to rent at like 4-6 weeks. + +How normal is this? + +I hired one and fired one this summer and this new PM is now following a similar pathway. + +I am beginning to think this is the norm for working with PMs, has this happened with you? + +I love real estate, but starting to have serious doubts if we can scale to large properties with such bad PMs and thinking about either selling or finding a way to still self manage from out of state. + +Any suggestions on what to do or if you have this experience too? + +Edit#1 crappy PMs are the norm. +Currently live with a friend and get along very well, I pay about $600 in rent including all utilities. Looking to buy a place and potentially live in it and maybe rent it to my roommate who would be willing to pay $600 as well. The issue is I may be better off buying the rental property and renting it to someone else and living with my roommate in our current apartment. The rental property mortgage will be about $1100 a month and property taxes would be $300 so at baseline the property would cost me $1400. If my roommate is willing to pay $600 that leaves me paying $800 and any additional costs with the house and repairs. I can cash flow by renting the house to someone else. Does anyone else have experience doing this? First rental property here and would like some insight. +Not wanting to raise interest rates is like not wanting to stop drinking because you are afraid of the hangover. + +Sure - drink another 6 piss warm beers in the morning so you don't have to be hung over yet. + +**But there is a hang over coming whether you like it or not**. Drinking those shitty left over warm budweisers from the night before might help you cope with reality this morning, but its going to make you doubley fucked as soon as you run out of booze. + +And no, you can't just drink forever. + +If you don't stop pounding the swish and push it too hard, you are actually just going to start puking your brains out - and in the worst case scenario - get alcohol poisoning and have to go to the hospital. + +STOP DRINKING. + +The Fed needs to stop being fucking cute and admit that we are in way the fuck over our heads. + +This chart confirms what your credit card statement is already telling you: + +https://preview.redd.it/2tofyp9gmdb91.png?width=960&format=png&auto=webp&s=517f9ccd5453a428b2adc3d326516c6cbe146e04 + +# TRANSLATION -> INFLATION IS COMPOUNDING EXPONENTIALLY. + +Here's the Canadian data for my fellow Canucks out there. We. Are Fucked. + +https://preview.redd.it/7pd536clmdb91.png?width=1519&format=png&auto=webp&s=bc4540957ccf4276026506234b62a62151db83d3 + +The only reason we are 2% behind our American brothers is because we have so many fucking oil exports propping up our dollar. + +Rest assured, the whole world is going down with the USD. Contrary to what MSM is saying, no, the USD is not doing great. It's doing miserable against everything real, and it's only doing great against other shitty paper currencies that happen to be doing even worse... Reinforcing my initial point in this paragraph: *the whole world is going down with the USD.* + +As long as CPI is materially above the overnight rate, the interest rate is expansionary and creating upwards pressure on price levels. + +This 0.5% and 0.75% shit is not going to cut it. + +There is no soft landing. + +We are going to have a fucking downturn. + +We need the government to stop trying to pretend they can avoid it. Doing so, is absolutely making the problem worse. + +The only question now is how long we want to delay this shit, while accepting that the longer we delay it the worse it is going to be. + +Time for politicians and the government bureaucrats to fulfill their duty and sacrifice their popularity for the good of humanity. +I wrote a working algo that's currently being live tested through an SEC regulated exchange while earning $30-$50 a day on less than $1000 of cash. This exchange is extremely nascent, which makes it pretty illiquid and I'm not sure about its scalability. It's really just a personal project to see how well I could move from thesis to execution, but this small amount of cash is making me think I could build it into something great if I work at it. The exchange is so new that their API isn't well developed, which means I had to write the majority from scratch. (Please don't ask what it is lol) + +Currently, I've written about 1000 lines of Python to get it working. I only have two classes, one to deal with the API and another I call Portfolio; which contains all of the decision making, monitoring, and recording. I'm at the point where I want to clean up my script as it's my first iteration to production and I know that a fresh look could smooth the logic. But I'm having trouble finding good examples of what a working algo's classes look like under the hood and am a little lost at how to move forward. + +Like I alluded, the Portfolio class contains all of the objects that the script needs outside of the API. That's the history of orders, trades, positions, allocations for the day, as well as their current ones, plus objects that hold data that is used to place market orders and monitor the positions I hold. Most of the objects are lists of dictionaries. The class' functions can get pretty long, but each is truly unique and I've minimized redundancy. It just seems heavy though. Speed isn't really important right now, but it might become so if my tests show that it is scalable. + +I'm wondering how ya'll break your scripts down. Should I break down the Portfolio class into something like: PortfolioData, Decisions, CurrentPosAndOrders, MarketAttributes, or is this normal? + +As a side note, it does a decent job at data management in that I don't have any redundancy there that I'm aware of. Attached is a photo of the Portfolio class's attributes. I'm fully ready for some severe criticism haha. Thanks in advance. + +https://preview.redd.it/7mr6z0l660h91.png?width=807&format=png&auto=webp&s=d3e600d3d5341f64f4e3aa8ced2f3d2f82edcaef +I've done some research and I've got you 👉😎👉 + +1. Use Trezor. The ledger is made of metal and can be detected by metal detectors. The trezor also has larger volume 😳 + + +2. Put 2 Trezors in your prison pocket. The one with dogecoin in it on the outside. So if they ever do catch you, They just going to take the doge one. + + +3. Put some devil's lettuce in there too, Just to throw off the stench. + + +4. Walk with confidence. The TSA are really just there for show, So just walk like you don't have 2 crypto wallets and some weed inside your meat wallet and you'll be fine 🙂 +I have $56,000 (+102%) in unrealized long term gains from stocks. I am currently in the military and normally make about $90k in taxable income. I am currently deployed for this year and my income is all tax free. I will only be taxed on 7k this year. +From what I read, because my taxable income will be so low this year, if I cash out my stocks, I will pay 0% on those gains. Is this true? +Are there special circumstances to make sure this works out? +It would be better to pay 0% now, and push the money back into the market after 30 days to lock in the savings. Would save me about $8k. +Do you advise I do this, or not? +Today was one hell of a drop for the opening of the share market. I mean no one can predict the bottom but some shares right now are at a absolute bargain? + +What’s everyone doing? Sitting on the sidelines, or just putting some money here and there? +Hi all, + +My mother has just received £120k after the death of my grandmother but currently has no house (pays £600/month rent), no pension other than state pension and no investments. + +Obviously the money will lose value if its sat in the bank so just wondering what would be the best investment strategy for someone of her age? It would be great if this money could last until she goes, so anything that is low risk and can beat inflation would be preferred. Is this correct? + +I have scheduled advisory talks with both HL and AJ Bell for her but would love to get some opinions and thoughts before she speaks to them. + +Thanks for your time and advise. +Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later. + +The latest timeline signals another IPO delay and comes despite repeated questions from a variety of investors over the years about owning a piece of SpaceX. + +Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public. + +Full article: [https://www.cnbc.com/2022/06/07/spacex-starlink-ipo-elon-musk-says-offering-is-3-or-4-years-away.html](https://www.cnbc.com/2022/06/07/spacex-starlink-ipo-elon-musk-says-offering-is-3-or-4-years-away.html) + +**Elon Musk says SpaceX’s Starlink satellite internet business is 3-4 years away from an IPO. Once Starlink goes public, do you think it could be worth more than TSLA, which has a market cap of $742 billion?** +Whoops accidentally deleted the post because I'm too high so reposting again for apes. + +Edit: yoo I deleted the last post at 420 upvotes lmao tripping me out a bit + +--- Original Post --- + +**Whew that's a lot of grinding. Can finally post here lmao** + +For those that do not know much about Chinese markets/industries, you may find this interesting. **Evergrande just may be the the last piece of Jenga to be pulled. And Xi did it.** + +Word around me mum's Wechat circles is that Evergrande's collapse has nothing to do with financial realities of the company, but all to do with Xi's political decisions - as with everything that happens in Chyna. + +**Source: Trust my mom's Chinese friends bro.** + +Anyway, recently Xi started ramping up his agenda against the rich and influential in China. Some prime examples: + +**Jack Ma** \- Alibaba CEO, just disappeared and reappeared after a year and acted as if nothing happened. + +**Ant Financials** \- Alibaba's Financial Services, IPO wrekt + +**Zhao Wei** \- Top Chinese retired actress worth billions, now missing and all records of her existence and her past tv shows are erased from the Chinese Internet. Some other famous celebrities are also involved in this entertainment industry crackdown. + +**Gaming industry** \- Severely limited screen time for underaged gamers, pretty much killed the Chinese gaming market. Some people say that "they can just use their parent's ID to play", but that literally will not work. Under the current climate, there exists no reality where a Chinese parent will knowingly LIE TO THE CCP just so their dumbass kid will be able to play some stupidass videogame. No fucking way. Go study if you are bored. + +**Entertainment Industry** \- Xi severely limited the number of TV shows allowed to be produced a year, due to "waste of time". Most are given to the Chinese Japanese war dramas, trash ass tv shows about killing and getting killed by the japs. Also a minimal amount to ancient fable type shit, which to be frank did not need to exist anyways. It got so bad that Scarlett Johansson level Chinese actresses are playing bad roles in very bad movies that's just an insult to who they were, because there were no roles. + +There's definitely a lot more going on, but I will need to get more deets from the wechat rumor mill and post as edit. + +Anyways, as you can see, Xi is very **anti-leisure and anti-wealth accumulation.** He also showed that he did not give a single flying fuck about the ramifications of destroying these very profitable industries. There are tens of millions employed in these industries, no problem, fuck them who cares. (there's no EI or anything like that for the jobless either). It just ends up being more hands at the concentration camp in the worst case scenario. + +So in that vein, it's no surprise that Xi would move against Evergrande, one of the largest real estate companies (on paper) in the world since it's the very definition of wealth accumulation. In Xi's mind, Evergrande is too big and has become a threat, and just waited for an excuse - jokes, Xi didn't - he basically just pulled the plug on Evergrande. + +Now, some of you might say that Evergrande's financials were horrific so it's no surprise they are where they are at now. But by know, I'm sure you can see why none of it mattered anyways. + +You see, the CCP really have the Midas touch in doing business. Like red bull, CCP can give you WINGS. You can just keep selling at a loss (looking at you Huawei), and take over the market. If not for the ban on Huawei, it would comfortably be eating up 50% of the phone market all while losing a fuck ton of money. As long as the CCP support you, you basically have an infinite money glitch. However, as demonstrated above, **CCP can also fuck you up out of nowhere too.** + +That's basically what happened to Evergrande. Xi is dismantling it, break it up into smaller pieces. As Ye would say, no need for **"one man to have all that power"** \- aka Evergrande CEO/Board to control all that resources. Now Xi can form smaller companies, place his men in those positions and remove any possibility of dissent while taking over. + +I think a lot of Foreign investors in China got completely caught off-guard by CCP's ability to sabotage their own industries. It just does not make any sense to Wallstreet and didn't even occur to them that it could happen like this. + +To add fuel to this blazing pile of shit, CCP made it very difficult to actually "cash out" of the market in large amounts. There's no trick they won't use, and once they exhaust the tricks they will just stonewall you lmao. China have very little foreign reserve compared to the total RMB in circulation and capital markets. Last time I checked, if 15% of total Chinese Savings in Banks tries to exchange for USD, their USD will be depleted. As such, there's no way they will let you cash out multi million dollar USD positions. + +They have money in China, we know they do, alot of it. They even invested American Pension money into China. They thought Xi will be still 100% supporting all Chinese businesses like Huawei, so there's no way they can lose money investing in Chinese companies. However, the exact opposite happened because Xi thought these companies might become threats and destroyed them preemptively. + +In this way, Xi erased alot of foreign investments, crushed potential dissent, seized control of Evergrande. Now all he needs to do is to grossly inflate figures of the newly split-up smaller companies under his control, all the way until it fills up the vacuum Evergrande has left. Now there's no hole in the economy, and he just taxed alot of foreign currency from these investors. Money glitch found. + +In short, Yeah Xi is wild. + +ta:dr - Xi started sabotaging Chinese industries for lols so they don't become a threat. Wallstreet didn't know he could do that and have heavily invested in Chinese Stonks. They thought CCP will support the businesses like it did for Huawei but jokes on them. Ends up losing on their investments and can't cash out. Effectively shrinking all their balance sheets as their investment tanks and new ticker symbol companies that Wallstreet were not invested will take up the market with CCP support. + +This blow from China must hurt and we will get to MOASS sooner. 🚀🚀🚀 + +Edit: Goldman came out and said they are fuk. Xi got em good with Evergrande🔥🔥🔥 + +Mum told me further confirmation bias that Evergrande was propped up by the ccp. a few years ago my uncle wrote an article on Evergrande's problematic cashflow issue and posted online. Was visited by party operatives the next day and was told to delete the article. :0 + +In further discussions, WeChat circles seems to lean to the idea that Evergrande is less of a "threat" to Xi's regime, and more of a "scapegoat" for the purpose of misdirection. + +This is yet another classic CCP tactic to shift blame. Like a lizard losing its tail to escape, the CCP does the same. In the initial stages of the pandemic CCP blamed the Wuhan local officials for covering up the pandemic and lack of responses when it was first reported in hospitals. "Local officials are to blame they went rogue of CCP teachings, CCP is here to punish them in the name of Justice."lmao. Didn't they also say that the virus came from USA during military games? + +Anyways you get the point, it's always another country's fault, a local authority's fault, an individual's fault, or a company's fault. It's NEVER the fault of the PARTY or the fault of the PUBLIC. Never. Because that's the 2 pillars of CCPs control. + +So what really happened with Evergrande? To summarize, basically a bunch of investors from all around the globe got roped into the pyramid scheme that is the Chinese housing market and lost a bunch of money. FIN. + +However, here's what makes it interesting: + +-Real estate development constitutes the largest chunk of China's reported GDP + +-Land in China is always LEASED to developers on 70 year leases, but ultimately belongs to the people (party) + +-CCP sets a mandatory FLOOR to how much developers are allowed to sell apartments at + +The last point is crucially important. A few years ago when I went back, I saw so many empty units in these urban center highrises that are for sale. They are selling for about $800k in USD, which is insane. + +So I asked my cousin why don't the developers sell them for cheaper than 800k, you know, econ101, supply and demand, average household income, etc etc. That's when I found out about the mandatory floor. + +To summarize the points above: supply of Chinese housing has outstripped demand by astronomical amounts in the last decade. Instead of letting market forces bring the housing prices down, CCP mandates a floor and keeps the prices artificially high, and keeps telling developers to build useless houses to generate GDP and prevent other issues like mass unemployment of the labor workers which creates instability, etc. However, the imminent collapse of the housing market is being blamed on Evergrande, so the narrative is no longer that the CCP fucked up and the PUBLIC is losing their investments, but rather Evergrande fucked up and cost investors billions. Basically CCP will do everything in its power to make sure that the public never thinks of their suffering as due to CCP, and all their happiness is given by the CCP. + +ta;dr2 China have to face the music of the housing market bubble and Evergrande is scapegoat #1 +With today’s dip I have finally bought my way into owning my first 0.10 of bitcoin. While this may not be a significant amount to most people it is quite a bit for me at this time in my life. + +Currently, I work a warehouse job making only $11.00 a hour. However, to confirm my money that I’ve injected into bitcoin has not been reckless. Actually, it’s quite the opposite as I’ve taken portions of my monthly budget that has typically gone to eating out and and started making all my meals at home. To add to this I’ve cut alcohol completely out of my diet. As a result the left over amount from this has gone into bitcoin. + +Everyone has their own reason for getting into crypto, mine just happened to coincide with bettering my life with more healthy (and cost efficient) choices. + +So, thanks for the memes, and motivation to override all the FUD that’s floating around. By proxy you guys (gals) have helped me get back to a physically happier place. + +Good luck for everyone in 2018. + +** Who would have thought on my 3 year reddit cake day I’d get my most upvoted post. Thank you guys for all the words of encouragement. You guys are awesome!! + +2nd edit ** holy shit my first reddit gold! thank you kind stranger!! + +3rd edit lol ** I just checked during a free moment at work. Wow this has blow up and another Reddit gold?! I’ll start replying when I get home. There’s a overwhelmingly amount of positive people 👌👍. +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this continues to be an exciting week in GME. Ryan Cohen is going directly at the leadership of BBBY, with a clear focus on highlighting their tactic of bleeding the profits of the company while allowing it to degrade - no doubt because that is exactly what the predatory Short Hedge Funds want them to do. When there is enormous personal profit to be made by driving the company into the ground, why would the BBBY executive team do anything else? Ryan Cohen sees them for what they are, and knows that the right kind of pressure can effect change - the kind of change that he helped bring to GME. + +Meanwhile, this is about the worst possible scenario for the institutional shorts. They are already hopelessly underwater on their bets against GME, requiring huge amounts of focus to keep under control and exist for another day. RC Ventures opened up a completely new front in the battle - they now cannot ignore the risk that he is able to influence enough change within Bed Bath and Beyond to put them in the same position as they are with GameStop. The SHFs are fucked two ways now. Ryan Cohen's Diamantenhände are an inspiration to us all. + +Today is Wednesday, March 9th, 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: **$103.94 / 95,43 €** *(volume: 1169)* +- 🟥 115 minutes in: $103.92 / 95,41 € *(volume: 956)* +- 🟥 110 minutes in: $103.95 / 95,44 € *(volume: 935)* +- 🟥 105 minutes in: $104.21 / 95,68 € *(volume: 933)* +- 🟩 100 minutes in: $104.64 / 96,08 € *(volume: 933)* +- 🟩 95 minutes in: $104.36 / 95,81 € *(volume: 907)* +- 🟥 90 minutes in: $103.53 / 95,06 € *(volume: 891)* +- 🟥 85 minutes in: $103.63 / 95,14 € *(volume: 891)* +- 🟥 80 minutes in: $103.77 / 95,27 € *(volume: 811)* +- 🟩 75 minutes in: $104.09 / 95,57 € *(volume: 793)* +- 🟥 70 minutes in: $104.03 / 95,52 € *(volume: 703)* +- 🟩 65 minutes in: $104.12 / 95,59 € *(volume: 702)* +- 🟩 60 minutes in: $103.95 / 95,44 € *(volume: 543)* +- 🟩 55 minutes in: $103.87 / 95,37 € *(volume: 530)* +- 🟩 50 minutes in: $103.78 / 95,28 € *(volume: 527)* +- 🟥 45 minutes in: $103.76 / 95,26 € *(volume: 512)* +- 🟥 40 minutes in: $103.81 / 95,31 € *(volume: 511)* +- 🟥 35 minutes in: $104.19 / 95,66 € *(volume: 481)* +- 🟩 30 minutes in: $104.23 / 95,69 € *(volume: 289)* +- 🟩 25 minutes in: $103.50 / 95,03 € *(volume: 106)* +- 🟩 20 minutes in: $103.41 / 94,94 € *(volume: 106)* +- 🟩 15 minutes in: $103.37 / 94,90 € *(volume: 88)* +- 🟩 10 minutes in: $103.33 / 94,87 € *(volume: 86)* +- 🟥 5 minutes in: $103.14 / 94,69 € *(volume: 77)* +- 🟩 0 minutes in: $103.25 / 94,79 € *(volume: 38)* +- 🟩 US close price: $103.01 / 94,57 € *($103.30 / 94,84 € 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 1.0892. 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! +Like, I was watching a YouTube recipe video for pound cake, and the narrator said to grease your pan with butter, then dust it with flour on top of that because pound cake sticks really bad. He shared a quick tip where you can cover the top of the pan with plastic wrap after just dumping a spoonful of flour into it, and shake it to coat the inside. And it got me to thinking about how much seemingly irrelevant stuff I never had in my kitchen growing up, and still don't have now. Like, I've never used, nor known anyone who used, parchment paper, or plastic wrap, hell even aluminum foil and paper towels weren't staples in my kitchen until very recently. And me and most of my friends definitely grew up poor. + +There was just never any way to justify the expense. Why cool your cookies on a rack that'll cost $10-$20, when you could just let them cool on the pan? Or just don't make cookies period, that's $10 worth of ingredients, that's a whole week of rice and beans you're putting in that oven! I dunno, it just got me to thinking, is all. Anyone else felt the same way? +I've decided to continue the monthly updates for now because they help me mentally sort things out, provided that the are still seen as relevant to the subreddit. + +Two months into retirement at 38 with a planned 3% SWR on a starting value of 1,025,772. That works out to 2564/month, or 2064/month with $6000 yearly in lump expenses. (2k vacation, 1k property tax, 500 professional license tax, 500 christmas, 500 car insurance summer, 500 car insurance winter, 1k unexpected) + +This month's spending was $2640 (up from $2352), including $500 from the yearly column for "summer car insurance." So we're 3% over budget for the month, but 3% under for the year. We brought in $1127 thru my wife's job (which she likes and would do for free) and some old book royalties of mine. Our withdrawal was $1513 this month, which is effectively a 1.74% pro-rated SWR (1.46% pro-rated SWR average this year). + +The portfolio appreciated again this month from 1,039,471 to 1,056,090 (a 1.60% increase), which dropped back down to a new total of (drum-roll) 1,054,577 after paying the bills (2.8% increase in two months, after expenses). If the year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there since 3% is in historically safe territory. Or I might reset the clock at the end of the year and set aside everything over one million as a separate fund to draw from without guilt, while maintaining a 3% 30k withdrawal goal. + +Spending was a lot higher this month, and I can't really see a good reason, but I'm not too concerned given that I don't have enough data yet and that the market is doing well. I don't budget per se, just monitor. Accomplishments for the month include more reading (especially paleontology and astronomy), more housework, more yardwork, more cooking, more running (now up to 25 mpw with a goal of a 1:25 HM in Oct and 3:00 FM in Dec), more weightlifting, completing the vast majority of my CE requirements for my profession, faster Rubik's cube solves, seeking out volunteer opportunities, learning to play the taishokoto, continued daily journal, visiting old places from my childhood that I had not seen in thirty years, first ever river kayaking, first ever barbecue as the grillmaster, doing my first painting (the startup supplies for this were expensive now that I think about it), and planning upcoming vacations. On the downside, I played way too much Diablo 3. + +I again only spent about 5-10 minutes on the subreddit this month due to a lack of interest. I'm too busy with life. I have noticed that my stress levels are way down. A friend of mine said the sense of dread from my face was now gone. + +Like the title says I was irresponsible a few years ago and didn't pay my five student loans for the first ten months I owed on them. + +I have not missed a payment since the end of 2013. I have opened a few other credit lines that I also don't miss payments on. + +My problem is that I have 50 late payments on my credit reports and credit karma just told me that after just 1431 more on time payments I can move up to the next level. That's 119 years!! + +My credit was tanked to about 560 because of those late payments and I have gotten it up to 660. The thing is my credit score hasn't changed on credit karma in months except for 1 point this month on the transunion report. + +I would like to buy a truck around May and I'm afraid I will never qualify for financing. + +Thanks for you help guy. This sub is the reason I have come as far as I have! +The other bad thing I have on my credit reports is a pretty high credit card balance compared to my credit line. I do seasonal work so that will be paid off in about two months. I also took out a second credit card to lower the available/used credit ratio. + +So now that I have shared all of that, is there any way to eliminate those late payments from my history or am I stuck with it forever? What else can I do to bump my score? Most importantly am I goo to be disqualified from decent financing and should I just bring up the fact that I have those missed payments but they are 3 years old if I do try to finance a truck? +Physician on FIRE--noted blogger who generally writes for high NW FIRE people (e.g. doctors)—published this article today: + +[https://www.physicianonfire.com/spending-on-luxury/](https://www.physicianonfire.com/spending-on-luxury/) + +The authors say that it’s hard to budget for luxury spending when you’re building up to FIRE. So they suggest that people pursuing FIRE should adopt a “1% Rule,” where they spend **1% of their net worth** as an **annual**benchmark for **luxury spending**. + +e.g. you’re NW = $2mill, then feel free to spend up to $20K per year on luxuries. + +Eventually you’ll reach a NW where you’re spending \~1% per year on luxuries and then 2-3% per year covers all your needs…eureka, you’re covered by the 4% rule and can freely retire. + +Cool heuristic. +My current networth (outside of my business) is roughly around $6 million with $4M in a non retirement account, $1M in a retirement account and the rest in real estate. + +I fully own a business that is currently conservatively valued at $25 - $30 million. We are profitable and continue to grow. I might divest my holdings in the business in the next couple of years. + +I have started talking to some wealth planners in my area to see what options I have. + +Questions for the people that are in the same networth or higher. I already have substantial umbrella Insurance. + +1. What else should I be considering? +2. Should I put my investable assets in an LLC for additional protection? +3. Any pointers on estate planning and tax planning? +4. What fees did you pay your wealth planner for the setup? What are you paying yearly after that? +Are you allowing the wealth planner to manage your investable assets or are you self managing? +5. Who else should I have on my team? + +Appreciate the feedback +Hit $1MM net worth this month. Wife and I (38/36, dual income, 2 kids, one on the way) married 7 years ago with $158k combined net worth. + +65% retirement funds, 15% retail investment accounts, 10% cash, 10% real estate equity (LCOL area with high taxes, so we aren't highly levered or concentrated in our home). + +Next milestone is $1MM investable (currently total $887k), but will likely have a setback as we need to buy a minivan in cash and may do some small renovations to our 4br house. + +$3MM is our FIRE number, but both like our jobs (at the moment). +Hi everyone! + +Facebook payments uses Paypal in order to send money. Over the last year, I've laid out money for friends when picking up things for the group and splitting them up (hard to get groceries, toilet paper, etc). I am also the social chair at work, so I have ordered presents for people's celebrations since we can't do it in person. My friends/colleagues have used Facebook to pay me back. + +Paypal just issued me a 1099-K to pay taxes on over $750 in "income". + +My only two thoughts right now are: 1. To ask everyone to use CashApp or Venmo moving forward. 2. Use my expenses from those items to offset them on my taxes. If the IRS is treating it like income, then I could use what they are paying me back for as business expenses, right? + +(I already claim a small business on my taxes, but I do not earn my money through paypal. I receive regular checks and a 1099). + +Thank you for any help! +I'm all ready to throw in the max $6000 on the 1st, but given the runaway train that is the market at the moment, it almost doesn't feel safe. + +Are you guys throwing it all in day one, dollar cost averaging it over a few months, or just waiting for a meaningful correction first? Just trying to get some other opinions on this. + [https://www.investors.com/news/caterpillar-earnings-sales-miss-dow-jones-stock/?src=A00220&yptr=yahoo](https://www.investors.com/news/caterpillar-earnings-sales-miss-dow-jones-stock/?src=A00220&yptr=yahoo) + This is directed at the people reading this that have more than a few thousand shares. I realise that when the share price hits 5 10 15 30 40 50 100 thousand dollars you become millionaire even billionaires. Can i please ask you for the minions holding way less than yourselves to hold the line to let us all get to dream money. I hear people on streams saying sell on green candles and sell on the way up . Fuck do you even realise that thousands of us have no experience in stocks and shares or even how financial institutions and markets even work. Myself and thousands evem maybe millions can only hope you hold the line , just like you told us to do. And wee have been doing that ,many since January and so with my fellow low share holders and the backbone of the apes i beg you to wait just that few dollars more so we can all enjoy the good life .. Thank you for your time brothers, sister ,young and old . Experienced and virgins. Hold till dream time Hopefully see you all on the moon ..... +My wife and I are early-30's with 4 small children. I'm selling a company and will net (after taxes/charitable contributions/etc) $5-5.5m. (Queue "Five's a nightmare" from Succession...). + +We have a passive income of $60k/yr and our monthly spend is about $12-14k. If I say goodbye to the workforce we'd be at an SWR of 2.2% using the more conservative numbers here so I feel comfortable taking the leap. + +Does anyone here regret jumping out when they had a lot of career momentum? I plan to build another company in a few years when the kids are older but would love to hear from others who took a similar path. I know starting over in \~5 years won't be as easy as it would be today, but you never get the early years w/kids back! +I was surprised by the amount of people asking: ‘how do I store my bitcoin on my USB?’ or ‘How do I get my crypto off the network?’. Basically, you can not do that. Here is how it works : + +Crypto never leaves the network on which they are. You can not physically store Bitcoin or any crypto on a USB, You can not store Bitcoin (or any crypto) on any device. Every crypto stays on its network. + +Ok. So how does it work? + +If you buy a crypto, the first thing that you want to do is to put it in your wallet. To create a wallet, you need first to create your private key (the one that you should never give away). And this private key will generate an address on the network. Then, you can put your funds on this address, (thus, in your wallet). Hence, despite being in your wallet, at the end, the funds are (and will always stay) on the crypto-network, on your address. So, basically, a wallet is just a software, a window allowing you to communicate and interact with your address (and, with your funds on the network). + +With every crypto, everyone can see your funds. You just need a simple address. Go check by yourself on BTC explorer for instance: you can check everyone's funds! But, except checking someone's funds, there is not that much that you can do. Why? Because to control the funds, you need the key. + +Remember the wallet, this piece of software which allows you to interact with your address? To access it, you need the private key. The private key unlocks the address and allows you to send the funds. + +Think about it like your house: everyone can know your home address, where you live, They can see your house (from outside). Does it mean that I can enter in and get access to what’s inside? No! For that, they need the key. And it's the same for every surrounding house. + +A crypto network is like a town with many houses, each of those houses containing more or less furniture. And, you can only move furniture from one house to another. You can not leave the furniture in the street and you can not store those furniture on a USB. It doesn’t make any sense! The furnitures have to be inside a given house. + +And, the only way to move furniture from one house to another is to have the key to a particular house, unlock it, and use special guys called miners to send your stuff from house A to house B. + +You then understand that in order to control the funds, you need the private key. And this is what people store on their USB, paper wallet or Ledger device : THEIR PRIVATE KEY. And, If right now, I could get access to your private key (no matter where I'm in the world), I could hypothetically use this key (your key!) to log on the wallet and get access to all your funds. Exactly like if you give me your password from your bank account or the key to your house. + +Ok great... But what about hard wallets? + +Each crypto requires to install a wallet (and thus to further create Private key). So, if you start to diversify (like most of us) and end up with 25 different cryptos, it will quickly become a burden to safely store all of those different keys...Also, leaving your private key unprotected on your computer or typing it on a computer connected to internet is dangerous. Hackers might be able to see what you are doing and thus, steal your key. This is where hard wallet such as Ledger Nano or Trezor come into play. + +A Hard wallet safely store all your keys and will never let them touch the internet. It requires you (more accurately, your little fingers) to push physical buttons on the Ledger. No hacker can hack your hands. It also automatically manages all your private keys. Indeed, it randomly\* generates a MASTER KEY. \*\*\*TAKE A DARK VOICE \*\*\* : A MASTER KEY TO RULL THEM ALL... which will be used to create all the private keys for your coins. This is a 24 words sequence that you need to store safely. This is the key to all your private keys. If your Ledger get destroyed, buy a new one and enter those 24 words. It will regenerate all your crypto private keys that offer you control on your assets. + +\* Random*? Yes, because it is important to know that computers can not generate random stuff (a computer doesn’t have a will and it’s everything but random). So basically, they can’t pick random numbers. Then, how the Ledger does generate a random key? Simply put : when you first switch it on, it will capture the electric noise inside itself and it will put a huuuuge number on this value. This number will be used to create the master key (those 24 words). Because the electric noise is extremely variable and will never be the same ever, your master key will be unique and ‘randomly generated’. So, basically, your 24 words are the representation of the electric noise signature that was captured when the ledger was first switched on. No one will never be able to guess it or generate the same. + +And I will repeat this point : to control the ledger (so the master key and the associated funds), you need to push physical buttons on it. No hacker can hack that because you need a physical finger to push it. You can not hack the finger of someone to push a button! So, it’s ultra safe. + +So, what are the worst things that can happen? First : your ledger get destroyed and you didn’t properly back up your 24 words. Then your funds are lost. Second : The Ledger company gets hacked (what happened few months ago). Hackers will never get access to your master key (cause as I said, it was ‘randomly generated’ when the hard wallet was first switched on and the Ledger company doesn't know it). But they will have access to some of your personal infos : name, address, email etc. So at best, you will receive phishing email. Never give your key to anyone. Ledger will never ask for your key. At worst, people might break into your house to steal your 24 words. So store your key safely! + +I hope this helps to clarify things for newcomers. + +TL;DR : If you are new, you should take 5min to read that. If you are an advanced crypto user : go on your way :) + +Edit : Syntax and typos. Sorry for that :s +Warren Buffett is famous for betting on things that he knows for sure that will make money. I guess he is a safe and steady type of guy rather than a big risk-taker. He has been criticized for losing on huge opportunities but whatever he is one of the most successful investors in history. + +Look at the market right now, so many fucking shitcoins. + +**If you invested in a project that:** + +a) cannot soundly explain why it needs a coin, then drop that shit. + +b) cannot soundly explain why it needs blockchain technology for their project, then drop that shit. + +With these two criterion in mind, you'll notice that there are FEW coins that are worth investing in. + +**From here, you want to:** + +a) look at their team + +b) branding + +c) the size of the industry + +d) etc. + +and then invest. + +I cannot stress this enough. So many of these shitcoins are overvalued, and it WILL crash and you WILL LOSE money, it will be very hard to beat the whales. Less than 1,000 whales control half of the crypto market. + +Be smart and be aware. +Hopefully someone in the Toronto area sees this thread! + +-Mid 30s couple with kids +-NW 5M+ +-HHI close to 1M/year +-Multiple businesses and revenue streams + +Need tax optimization, streamline business, wealth preservation advice, structure estates for kids, etc. My wife and I are really worried that if we pass all of a sudden our current situation is too complicated for someone other than ourselves to figure out. + +Looking for an accountant familiar with law practices (operations and programs). + +Edit: streamline business for tax strategy not operational efficiency k +Currently interviewing for a VP of Sales role at an early stage startup. Trying to understand how I should be thinking about moving from a job that I like. + +35M with current NW of $2.4MM in brokerage, most of this came from my current job's IPO. My FIRE Target number is $5MM. Current annual income is $200K/yr with \~$125K in RSU vesting every year. + +My original plan was to stay at my current role, continue saving and let the NW grow until I hit my FIRE target. Am currently interviewing for a VP role at a startup which has a target to exit/sell in 3 years. I understand that nothing is guaranteed, and I already hit the jackpot once, I think it's unrealistic to expect to hit the jackpot again. + +My initial thinking was if they were interested in meeting my expected current annual income of $325k, then it might be worth gambling that the stock in the new company could be worth something down the road, but I wouldn't necessarily be losing a whole lot. This will probably solve itself, as it may be more than they're willing to spend right now. + +Ultimately, I'm struggling to evaluate whether I want to leave a company that isn't a burden and start over from scratch with the potential of doubling my FIRE target. This would be my 4th early stage startup, so I fully understand the work/effort involved. I'm in a comfortable place currently, and staying the course will get me there at roughly the same time. + +Thanks for your advice. +Thought this "Paul's Verdict" was interesting. This is where a reader writes in a question and they answer it. + +Seems like fair insights, very stable job, reasonable concerns about interest rates and inflation, decent level of equity. I am a bit surprised at the "13k emergency is a decent bugger" call. + +That seems small. + +I wouldve though suggesting scaling back the super contributions may have been worthwhile advice. + +What do you think? +Hi all, + +Been quoted the following 8.3kw system and it was more than I expected it to be. Anyone care to verify? + + +20 x JKM415N-6RL3 415 Watt Panels (Jinko Solar Co., Ltd.) +20 x IQ7A-72-2-INT (Enphase Energy Inc.) +1 x BOS Enphase, 1 x Outdoor Board - Single Phase, 20 x Q CABLE - Single Phase + +$12k after STC credits + +Regards, +This is going to be long, fair warning. + +I'm a 28 year old man living with in MA. I'm disabled and unable to work. My specific condition is Crohn's Disease and Colitis and some mental health struggles. My boyfriend, now my husband, and I just got married a couple of months ago. He got let go almost eight months ago and we've been living off of his unemployment, my food stamps, and my EAEDC money. (EAEDC is Emergency Aid for the Elderly Disabled and Children) + +I applied for disability almost three years ago and have been denied on multiple levels, ending with being denied by a judge and my lawyer deciding to drop the case. + +I'll eventually try again once I have some tests under my belt, more concrete medical evidence, and a better lawyer but that's not why I'm here. Just wanted to get that out there so people aren't telling me to do that. + +We've been staying inside and keeping busy to save on money and stay away from the general public. We were scraping by well enough. Especially since my husband was making ~$27/hr before he was let go. + +When we got married, the DTA (Department of Transitional Assistance) wanted to know how much we made. Because they are tied to Unemployment, they were aware of how much he was getting in unemployment benefits. Then suddenly they emailed me and texted me saying that we are no longer eligible for food stamps or the EAEDC and have officially closed my case as of today. Apparently his unemployment amount is literally like $20 over the amount we are allowed to make as a married couple. + +We know the local pantries and can pick up food in a pinch, but a lot of the food from the pantry is not great for my condition. Eating like a regular person makes me miserable and suffer a lot of pain so having the food stamps and being able to get the right foods for my diet was pretty integral. + +Any advice on what kind of options we have as a married couple in MA? + +Thank you in advance ☺️💜 +Australia is expensive, and I can't imagine returning to a world where my family's yearly expenses are less than $80k p.a. By the yearly costs x 25 calculation I saw in the FAQ, that means I'll need $2MM before I can retire. To retire in 15 years, my girlfriend and I would need to each put away $95,000 a year~, which seems pretty excessive. + +Is there some critical factor to FIRE that I'm missing? + +Edit: Thank you to the many of you who have provided practical advice and insight on my situation, and my question in a more general sense. + +To those of you who have a bone to pick with my use of the word 'everyone', it wasn't my intention to ask whether or not a 90 year old woman can retire early. If that's how you choose to interpret my question you're wasting your time. +So I keep seeing lots of doom and gloom surrounding the current market environment. Many people saying a 90% crash is imminent or something similar. Was there discussion like this surrounding previous crashes? I am a relatively new investor and do not understand if this is normal or not. +A pro tip I got when I graduated college in 2017 was to max out my 401k contribution so when my salary increases, that will be cash in my pocket and it starts a good foundation. The issue with this would be unforseen. In 6 years, the limit has increased $4,500. This is an exponential increase In comparision to the previous 11k increase over 31 years. + +Contribution limits by year +2017: $18,000 +2018: $18,500 +2019: $19,000 +2020: $19,500 +2021: $19,500 +2022: $20,500 +2023: $22,500 + +This data is giving me major red flags that we as a society aren't ready for our current retiring generation to stop working. + +What happens in a world that the younger generation and older generation both can't care for themselves or one another due to inflation? +Good Morning Apes! + +Another day and more FTDs, as volatility continues to pick up over the course of the cycle and more and more FTD due dates overlap. + +Today's market maker failures brought to you by Nov. 29^(th) and a severe lack of liquidity in the underlying . + +https://preview.redd.it/thcg0a3cco981.png?width=204&format=png&auto=webp&s=90b591e426ac6f6c32db832d412e97e48d9159ec + +Make sure you give u/bobsmith808's latest DD a read to get a better idea of what we are expecting soon. + +[Here](https://www.reddit.com/r/Superstonk/comments/rv6k8o/an_update_to_cycles_ftds_and_options_oh_my/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube 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 + +Standard strategy for low volume FTD covering playing out today. With the put walls being sold off end of day and relieving pressure. Additionally advantageous due to the daily downtrend in the market making this tactic more profitable. Thanks for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/7iemgbs8kq981.png?width=747&format=png&auto=webp&s=73516818a9e8a12c76ed73bcda2c1834404d831d + +[For anybody not understanding this process](https://preview.redd.it/ym7jadaqkq981.png?width=1526&format=png&auto=webp&s=760840755f952429c0bb21cad963ff8bb62b8200) + +Edit 5 3:41 + +EOD comeback pushing up into the 150p wall + +https://preview.redd.it/r06n9vxxfq981.png?width=1539&format=png&auto=webp&s=7b72a331868b39ec34297fdc591b2ebc0eb87b8d + +Edit 4 2:47 + +More low volume FTD covering under put walls erected at 148-150 volatile but average is pretty flat. + +https://preview.redd.it/hblh278g6q981.png?width=1539&format=png&auto=webp&s=e5487be87227d1838a3c74e7343a4c6a9da1cc87 + +Edit 3 11:48 + +ITM puts have slowed down and we are starting to see the price crawl back I wouldn't say this reversal is confirmed but the trend looks stable. + +https://preview.redd.it/y6c849qgap981.png?width=1536&format=png&auto=webp&s=169b382fa8ac3becc27f913e185f0e15ca831ef0 + +Edit 2 10:13 + +200,000 shares returned to IBKR + +Edit 1 10:00 + +Slamming the price with the 150k borrowed shares and some ITM $150 for this Friday + +https://preview.redd.it/mdm8i4ycro981.png?width=415&format=png&auto=webp&s=0cdc29b65ac17d6a5f15bb0043ddbc520d9d6d5f + +https://preview.redd.it/vyrbvw8ero981.png?width=1535&format=png&auto=webp&s=1cf8163c626f6e948511cdd68a6896a1b3e2b09b + +# Pre-Market Analysis + +Much like yesterday's pre-market tests at $152 today GME sets the bar slightly high aiming for $155, currently up 1.08% in the pre-market. + +Max-pain - $155 + +Volume - 2.93k + +Shares to borrow: + +IBKR - 150,000 @ 0.7% + +Fidelity - 504,214 @ 0.75% + +[GME pre-market 1m ](https://preview.redd.it/bnx11ce5eo981.png?width=1528&format=png&auto=webp&s=5001684e50f90501f9b8be7216a3f8538d9fa840) + +CV\_VWAP + +https://preview.redd.it/oy6o5huceo981.png?width=2450&format=png&auto=webp&s=99a0f00edbd785be0313c008842f70bc75d4dba3 + +TTM Squeeze starting to fire + +https://preview.redd.it/78w3a2lveo981.png?width=2443&format=png&auto=webp&s=fd2a14c49e39d6db9d7b0903cdd605e5c4cfce91 + +and BBKC Squeeze is ready to throw a signal if we have another positive close. + +**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.* +> *"We are solving a multi trillion dollars problem"* + +> *"Just 2 weeks ago, we hosted over 30 central bank from around the world in NYC"* O.0 + + [source](https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html) (using ripple technologie and not Bitcoin) +I see here recently a lot of people talking about Evergrande and their possible bankruptcy. + +Some are saying, a financial crisis resulting out of this is very unlikely because the CCP will bail them out and the Chinese real-estate market is relatively isolated from the rest of the world, some are already saying this is Lehman 2.0, because the real estate market in China is incredibly important for their economy and they possibly could have cooked their books and actually have much more debt. + +Of course if you ask the average Joe and Jane on the street they probably never heard about Evergrande and don't know what's going on, but I think it's clear that most of the informed retail investors who follow financial news are aware, that there is potential risk for a domino effect and would not be surprised and caught completely off guard if the situation escalates. + +Considering this background, I have a question to the more experienced folks here, who were already actively investing in 2007/8. Were you aware, that the bankruptcy of Bear Stearns potentially could foreshadow a bigger crisis which it eventually became, or did you think it was an isolated one off event and were completely surprised to what it eventually developed? +**Ok look, idiots, I am no genius, but this drop from 170 to 100ish is not all bad. TL/DR at the bottom for the most autist...** + +Here is why- + +1) **We are still up huge from the close of yesterday** and have seen a solid ground at the 106 range. This establishes a floor, i.e. the minimum amount of money the stock can go if paper hands sell. + +2) I have read multiple articles claiming **that Short Sellers just on Wednesday lost a total of 818 million.** Why is this important you may ask?? Well simply put for you fellow atuists, with these HF down nearly a billion in one day, they can't continue the squeeze because they have no capital to buy the calls back. **So this might leave us with no large increases until Monday until capital can be raised to cover.** + +3) We know from the past, that without capital **A) there can't be any short latter attacks B) the HF will be forced to pay high interest on these positions if they don't cover them. C) there will be a continuation of a squeeze if we hold.** + +IT won't LET ME POST THE LINK- just look it up it's the first article. + +4) **Other shorted stocks have a good chance at rising too.** Rember GME is the big whale while other shorts like AMC, NOK, and BB are more like fishes (still valuable but not like the whale). So while HF gathers capital to cover shorts on GME, **they will have to pay BIG BIG BIG bucks on interest with the other smaller stocks.** + +**TL/DR: don't panic because you see a drop right now, there is a good chance that it is because of limited capital from HF because of Wednesday's crash, leading to no money to cover shorts.** This means HF will be forced to pay interest on the positions they still have and will lead to a bigger squeeze in the next few days. HOLD THE LINE. + +I am not an adviser, I just like the stock ;) +Ouch. So glad I got out of this stock years ago. + +https://www.cnbc.com/2018/02/02/federal-reserve-orders-wells-fargo-to-replace-four-board-members-restricts-growth-because-consumer-abuses.html +Over the past few months, people have gone mad YOLOing their money. + +Stimulus checks and EU government subsidies are to blame for this. + +I saw a post last night where a guy had saved $1000 dollars for the first time in his life and had put it straight into bitcoin "one of the riskiest assets on earth" + +&#x200B; + +Before you invest or YOLO (not investing)...... please consider ticking the below boxes. + +\- You are debt-free + +\- You have an emergency fund + +\- you have a savings account that contains at least 3-6 months of expenses + +&#x200B; + +If you have the above covered, good for you :) ....... go buy whatever you want and hopefully it works out. + +But don't go risking every dime you have trying to get rich quick. This tactic never works in the long term and you are destined to stay broke + +&#x200B; + +&#x200B; + +Edit: If you buy bitcoin and have the financial stability to hold it for the long run then my "super risky" comment can be ignored. + +But someone who saves their first $1k dollars lumping it into something that volatile will probably need to sell in the short term + +Edit: I should have clarified....debt does not include your mortgage. I meant credit cards, car loans, everyday loans and other high-interest debt that causes serious financial pain for so many families +$Bingus have partnered with $Blowf to make a **gigantic giveaway** to celebrate a month of groundbreaking achievements on BSC! They recently got a **BNB-Bingus liquidity farm** on TakoDeFi (as well as a reward pool with ApeSwap)[.](https://i.imgur.com/vo4HTDg.png) + + +## It’s the Billion Bingus Giveaway! + + +There’s a prize of **$7,500 in $Bingus** to be won by those who create LP tokens on ApeSwap, and lock them for 3 days! To find out more details head to the [giveaway website](https://bingussweepstakes.app), and if you need any support or have any questions just head to the Bingus [Telegram](https://t.me/bingustoken2official/245996) or Discord linked below! + + +They also have a Twitter giveaway with a prize pool of $500! Check it out [here](https://twitter.com/BingusToken/status/1390355706033868800)! + + +Still not enough? Well there’s two AMAs scheduled! The first one is tomorrow and you can win $100! More details can be found [here](https://t.me/bingustoken2official/256701)! + + +##Recent Donations + + +In the **last week alone** the $Bingus project has **donated to five charities totalling $12,000!** You can find the links of the donations and charity information below. Head to our subreddit and check out the pinned posts to suggest a charity of your own! + + +- - - - + + + +#Tokenomics + + +**Only 3% slippage needed** + + +1% goes to charity | 1% is burned | 1% is auto-sent to all $Bingus holders + + +Holders: 10,022 + + +Market Cap: $6.8m + + +^(at time of posting) + + + +#Token Links + + +$Bingus website [bingus.finance](https://bingus.finance/) + + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + + +[Litepaper](https://bingus.finance/wp-content/uploads/2021/04/Bingus_3.pdf) + + +[HowToBuyBingus.com](https://howtobuybingus.com) + + +[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) + + +[Charity Donations (full list)](https://www.reddit.com/r/BingusFinance/comments/n5v1jh/donations_links_and_social_media) + + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + + +[BSCScan](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + + +#Social Links + + +[Telegram](https://t.me/bingustoken2official) | [Telegram News and 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) | + +Donation 12 (**$500**) [ROLDA](https://imgur.com/a/KB4xlSz) + + + +#Endorser Links + + +**Michael Rainey Jr** + + +[Power](https://m.imdb.com/title/tt3281796/) | + +[IMDb](https://m.imdb.com/name/nm3691729/) | + +[Instagram](https://www.instagram.com/michaelraineyjr) | + +[Twitter](https://twitter.com/michaelraineyjr) | + + +**Rocky Kanaka** + + +[Save Our Shelter](http://saveourshelter.com/) | + +[YouTube](https://m.youtube.com/c/rockykanaka/videos) | + +[Rocky’s Website](https://rockykanaka.com/) | + +[Instagram](https://www.instagram.com/rockykanaka/) | + +[Twitter](https://twitter.com/rockykanaka) | + +[Facebook](https://www.facebook.com/rockykanaka/) + + +**BBno$** + + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | + +[SoundCloud](https://soundcloud.com/bbnomula) | + +[Twitter](https://twitter.com/bbnomula) | + +[Instagram](https://www.instagram.com/bbnomula/) | + +[Facebook](https://www.facebook.com/bbnomula/) | + +Two $Bingus x BBno$ tracks [here](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) and [here](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) + + +**MoistCr1tikal** + + +[Twitch](https://www.twitch.tv/moistcr1tikal) | + +[YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | + +[Twitter](https://twitter.com/MoistCr1TiKaL) | + +[Instagram](https://www.instagram.com/bigmoistcr1tikal) + + + +#Charity Links + + +**Maui Humane Society** + + +[Website](https://www.mauihumanesociety.org) | + +[YouTube](https://www.youtube.com/user/MauiHumaneSociety/videos) | + +[Twitter](https://twitter.com/MauiHumane) | + +[Instagram](https://www.instagram.com/mauihumanesociety) | + +[FaceBook](https://www.facebook.com/MauiHumaneSociety) + + +**Over and Above Africa** + + +[Website](https://www.overandaboveafrica.com) | + +[Twitter](https://twitter.com/overaboveafrica) | + +[Instagram](https://www.instagram.com/overaboveafrica) | + +[FaceBook](https://www.facebook.com/OverAboveAfrica) + + +**Rogue Active Duty Animal Rescue** + + +[Instagram](https://www.instagram.com/RogueActiveDutyAnimalRescue) | + +[Facebook](https://www.facebook.com/RogueActiveDutyAnimalResource) | + +[Webstore](https://www.bonfire.com/store/rogue-active-duty-animal-rescue/) + + +**Orangutan Outreach** + + +[Website](https://redapes.org) | + +[YouTube](https://www.youtube.com/channel/UC5TtWIiKSBehv3QDvl6xXSQ) | + +[Twitter](https://twitter.com/RedApes) | + +[Instagram](https://instagram.com/OrangutanOutreach) | + +[Facebook](https://facebook.com/OrangutanOutreach) + + +**ROLDA** + + +[Website](https://rolda.org) | + +[YouTube](https://www.youtube.com/roldaro) | + +[Twitter](https://twitter.com/ROLDAOrg) | + +[Instagram](https://www.instagram.com/RoldaOrg) | + +[Facebook](https://www.facebook.com/ROLDADOGS) +I’m a reasonable person. I give people the benefit of the doubt but this situation has became super fishy. + +We transferred 24k USD on the 23rd of October and funds are still not showing in our Bitstamp account. + +Their support team keeps saying the same thing over and over: + +"I have made another inquiry with our Payments department and asked if they could provide me with the status of your deposit." + +Did anybody have a similar situation with them? + +**UPDATE: SOLVED** + +Less than 24 hours after I created this post the funds magically appeared in our account - what a coincidence! + +I guess that in order to be taken seriously by Bitstamp one have to resort to Reddit. + +Thanks for the support, guys! Much appreciated!!! +Has anyone been learning forex for a long time, or someone who's just getting started, become profitable with BabyPips course? + +How did your journey go and where are you today, + +do you live the forex dream life, + +what kind of percentage do you make per month approximately, etc... +Hi guys + +i am looking to get into forex trading and am trying to find a platform to trade on, I was thinking IG because it is compatible with my mac and also the software i am more used to cause i use the free version for stocks. But i hear once you actually join there is a lot of headaches with IG, is that true? and if so what forex broker do you suggest i join? +I am a completely new and no NOTHING about Forex. For those who have become successful and/or understand forex trading, if you could go back in time and start over to gain the most ground where would you start? +So I've been trading forex for roughly a year and a half now and have had a varing degrees of succsess. Over this time, one thing that became increasingly apparent was that I had no conclusive evidence I actually had an edge -- sure, support / resitence \*seemed\* to work and gave periods of success but these were often followed by equally large periods of failure leading me to loose confidence in various approaches and strategies. + +So at this point the logical thing to do was to take a step back and backtest. Sure, this would probably have been better to do before any trading what so ever but sometimes you need to fail first to see why you need to do something. Anyway, queue some limitied manual backtesting... + +Doing this I realised several things: + +1. there are so many variables. Entries, exits, pyramiding, stop placement, profit targets and changing any one of these can have huge effects on your results, let alone all the various combinations of these factors. +2. A sample set of 50 - 100 trades on one pair is nothing. I quickly realised that a strategy that works for EUR/USD over the last year, doesn't necessarily mean that it would have worked the previous year... or next year... or on another pair... or 20 pairs. + +Next, queue some automated backtesting... + +So after realising the butterfly effect of changing you entry strategy or approach to take profits I decided to automate the process to speed things up and open up the possibility of trying more variable combinations. This is kind of where I'm at now - I'm using pinescript to test strategies (I get that this isn't exactly the gold standard for backtesting but it seems like a reasonable way to get started) - and am having generally mixed to poor results. The general issue being consistency, what works on one pair doesn't work on another, large periods of drawdown etc. Coupled with this is just the overwhelming sense that most strategies are just temporary runs of consistency in an otherwise chaotic system. The same as getting 5 heads in a row in a series of coin flips. + +&#x200B; + +So I guess my question(s) is this: + +Has anyone else been through this process of discovery and come out the other end -- and to those who are professional traders ( or at least have numerous years of consistent profitablitly ) how did you come to trust your system and know for sure that (for argument sake) closing a whole trade at 3R works better statistically than scaling out or using an exit indicator? + +Additionally, my most consistent results seem to come when aiming for a a low r:r, even as low as 1:1 -- does any body trade a system that focusses on small consistent profits over the 'homerun' type approaches? + +&#x200B; + +\*Edit\* Maybe a slightly more succinct summary of my point / question would be: + +Having seen how the smallest variable can wildly change the results of an automated backtest over a data set of numerous years, coupled with the fact that strategies can fluctuate between profitable and unprofitable, in essense, at random: Is forex, esspecially if trading based on intuition or a system that you change based on your 'gut', no better than betting on roulette unless routed in hard, extensive statistical evidence? +Some events happened in my life preventing me from leaving town to start a hitch for the summer where I was expected to make ~$30,000.00 CAD with ~$2,500.00CAD being budgeted toward starting capital. This would have allowed me to live, while delivering pizzas part-time, and trading pretty well full-time building capital for 1-2 years before starting to withdraw into my personal accounts and long term investments and securities. + +It's a pretty sound plan, and I still intend to stick to it, I just won't be graced a large starting principle amount and will instead have to trade up to it - potentially adding another 1-2 years onto the timeline. + +Well I got the sick, stupid, greedy, foolish idea to hand over what would have been my lesser principle amount ($500.00USD) toward a strategy manager that has shown consistent gains at a great greedy pace. It was a stupid mistake, and I'll show you just how much it cost me. + +http://imgur.com/a/IEY70 + +Here is the strategy managers chart. As you can see, he hit nearly %2500 gains. It is ultra aggressive, but he has been hitting bullseye the whole time, whats the chances he fails now? Right guys? Right??? + +Wrong. The very next day after I deposited the funds he reported his biggest daily loss of the accounts life %50 drawdown. Fuck me. So I pulled the money until he got his act together and showed a little more success. What a horrible decision. As you can see, there was a spike in gains. Unfortunately, I was not in the pot when this happened but it looked like this manager was getting his momentum back - every trader has bad days, right? right guys? + +So I put the remaining money back into the pot and gave the manager control once again. Lo and behold, his second biggest drawdown to date occurred the very next day. %40 drawdown. + +What a pile of fucking trash. Let this be a lesson to all the traders here who are intrigued by other peoples successes. The real kicker of all of this, is that on the days he reported large drawdown, I reported the same daily %2 gains on my demo account trading the *very same charts*. + +***If you want something done right, you have to do it yourself*** + +Good luck out there this week fellas. +I have noticed an uptick in spammy content and lots of beginner posts that seem redundant. Is there any way we can crowd source a set of rules to help guide discussion? +I’ve got £26k transferred to me due to a legal battle with an incident I got into when I was younger. I’m 18 now and I’ve been given my compensation, I’d like to make a way I could potentially make this money double it’s size or make it possible for it to help make me make even more money. I’ve just turned 18 so I wouldn’t have any bank problems, and im living with family so I don’t need to pay rent or any other income. I’d like to invest at least £6k and maybe start an ISA? I don’t know anything about investments or anything like that but it’s what I’ve been told to do. I’d like this money to last me a long time, I’m not working, and I’d like to have enough money to spend when I go out with friends/travel. Any help would be appreciated, Thanks! +I'm not OG by any means, I've been here only from 2017. But I remember learning from here a lot. Bunch of techical posts and comments I didn't understand, that pushed me to learn more. +The narrative was different. It was why the blockchain is needed, and of course about the decentralization. +Moons degraded this sub. Everybody is posting the same things all the time that majority wants to hear. Techical analasis are so rare. I cannot remember when I found the new and interesting project here. +And now LRC. It is everywhere, in every comment. Vitalik was speaking about it year ago that it was his favourite L2 solution (because of the decentralization). This GME thing is just riding the wave. There are numerous nft projects, but this is GME and the pump and shilling follows. How much is this really different from doge and shiba shills? + +Edit: for people asking why it has a comedy flair. I didn't want to be a hypocrite and farm moons while criticizing moons. +# Objective: Ending bitcoin's four year cycles and their effect on the wider crypto markets + +Bitcoin's halving cycles are the prime target because they are the main catalyst behind all crypto bull cycles. When bitcoin rallies, fresh capitals flow into crypto, and those seeking higher returns flow from bitcoin into altcoins with emerging narratives. When a bull cycle ends most of these profits then flow back into bitcoin and a fraction of these into fiat and stablecoins. As inflation materialises, it exposes more of the flaws and corrupt nature of central bank controlled fiat currencies. As result the incentive for capitals to jump back in crypto, or stay in crypto altogether by parking in stablecoins, is/will be stronger at the end of the current cycle than it was at the end of any of the earlier cycles where expansionary monetary policy was at an earlier stage. Vis-a-vis increasingly inflationary fiat currencies and never ending expansionary monetary policies, non inflationary cryptos such as bitcoin become a natural hedge against inflation as they allow savers to preserve more of their purchase power. + +Less people using fiat currencies undermines the authority of central banks. CBs are the strings through which big private banks and corporations (puppeteers) pull the strings of politicians and policymakers (puppets). To maintain their power and relevance banks will not go down without a fight, and putting up a good fight is what they are doing, especially in the EU. Banks' mission is to strangulate a competitor that generates more value for society, crypto, and for this they have come up with a doctrine on where and how to hit crypto. + +# The Ideologue + +The chief ideologue is [Alex De Vries](https://www.researchgate.net/profile/Alex-De-Vries), an analyst of the central bank of Netherlands and founder of the anti crypto blog [Digiconomist](https://digiconomist.net/). De Vries is also a researcher of the University Vrije of Amsterdam. By going through his research papers on Researchgate, I found out that he has been obsessed with the idea of ending bitcoin's halving cycles to undermine its profitability for holders and role as inflation hedge. He has re-affirmed it over and over in all possible mediums, not just academic but also in political and financial salons as well as (pseudo) procrypto conferences such as Consensys. + +In one of his latest statements, commenting on crypto's climate footprint debate and the role bitcoin could have in climate change, De Vries has listed the 2 ways in which Europe could contain (capitals flows into) crypto without upsetting the US crypto players, investment funds and corporations that have added crypto to their balance sheets: + +1. Taxation and transaction limits +2. Implementing trading restrictions against some cryptos (bitcoin) + +Pertaining the first weapon, we are already seeing laws & regulation to kyc unhosted wallets and eventually roll out additional limits that were unthinkable before. This [Forbes article](https://www.forbes.com/sites/billybambrough/2022/04/24/target-the-bitcoin-price-internal-documents-reveal-how-the-eu-could-try-to-ban-bitcoin-and-protect-ethereum/?sh=6efeb9e27201) is also revealing as it discusses pushes from lobbyists to orient policymakers towards measures that discourage activities that could act as a price catalyst for bitcoin by encouraging traders to orient towards ethereum instead. The excuse is, of course, climate change. In reality however the reason is that Ether was always designed to have a limited upside price wise. + +# Why crypto bull cycles undermine the stability of the Euro (but not the USD) + +As explained in the above paragraphs, Europe is the epicenter of the efforts of anti-crypto strategies meant to discourage adoption and create entry barriers for capitals looking to enter crypto markets. The ultimate objective of the guidelines published by the DNB and CBE is to make crypto less profitable by breaking the halving cycles. If crypto stops being profitable for *hodlers,* they could still be used as a store of value, as it happens in the US, but without doing too much damage to the euro. It is this principle on which Fabio Panetta's most recent statement stands: + +>[We should make faster progress if we want to ensure that crypto-assets do not trigger a lawless frenzy of risk-taking.](https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220425~6436006db0.en.html) + +Fabio Panetta is a member of the executive council of the European Central Bank. What Mr Panetta means with *lawless frenzy of risk taking* is nothing less than price rallies that would allow savers to obtain higher profits by investing in crypto than by investing their savings in traditional investment vehicles controlled by the institution in whose executive board Mr Panetta sits. Obviously, dinosaurs like Mr Panetta that have abused with impunity European savers and the European middle class for decades, are horrified by the prospects of crypto adoption. It is a simple matter of competition not only against crypto, but also against the US dollar. In fact with every bull cycle more capitals flow into crypto and with profit taking most of capitals that originated from euro are then parked into US dollars. The main reason for this is the absence of any euro stablecoins (there are some, but with negligible adoption). + +This flight of capitals at every bull cycle is another reason why European banks (spearheaded by the ECB and DNB) are more wary of crypto than their US counterparts. The US Treasury is well aware of this mechanism and the positive effect it has on the US dollar. + +# The difference between the US and EU crypto approach + +The influence on crypto markets from the EU and US are different because while in the US we see increasing institutional involvement, in the EU it is the retail market to have expanded most in the past couple of years. US institutional adoption has contributed to minimise crypto volatility mainly through the emergence of institutional investors, that act as long term hodlers. Another mechanism is the fact that having the US become the global crypto mining hub, US miners have more access to capital markets and don't need to sell their coins on the spot. This displacement of spot markets from Asia into the US has/will stabilise prices further limiting also the upside since crashes are one of the strong catalysts for higher highs. I've found [Katie Talatie's](https://www.ar.ca/blog/author/katie-talati) comments on the impact of US markets on crypto particularly enlightening in this sense. + +&#x200B; + +https://preview.redd.it/n4nq0hbb7ww81.png?width=1274&format=png&auto=webp&s=8c26e0b61a453b203e26fd283d95e79c717a45d9 + +Talati explains best what she is closest to, the dynamics of US crypto markets. In Europe the situation is different, as shown also in the above chart, retail adoption/activity prevails in European markets. This is why in Europe the optics are different and non inflationary cryptocurrencies like Bitcoin are seen as a double threat to the euro, because try also facilitate capital flights into usd. This brings us back to the second weapon proposed by De Vries to limit the impact/competitiveness of crypto against the euro without upsetting US players, that is that of limiting/restricting the trading of bitcoin (the most hated crypto by EU banks). It won't be long before we see some laws in this regard in EU. + +# Conclusion + +Every crypto enthusiast, especially in the EU, should be aware of the sophisticated attack orchestrated and executed by the DNB and ECB against crypto. This attack is happening right under everyone's nose and is aimed at keeping europeans backed in a corner with no choice but to keep their wealth in euros, from where it can be siphoned off/stolen through inflation. It is likely that other regulators around the globe will copy these strategies or become more receptive to them. While I believe that crypto markets will eventually shake them, I think this will be a long war as regulators and banks won't give up easy. \`**Beware and distance yourself of politicians or political parties that are aligned to these policies.** This is a fight that has to be fought by today's population of crypto enthusiasts. We need to keep exposing and educating. + +&#x200B; + +https://preview.redd.it/vjdeu6fc7ww81.png?width=2292&format=png&auto=webp&s=40b9032eb90e57fe19f1539d0dc3edb9e0dba23d + +Another attack vector is privacy. As people opt out of the euro, surveillance laws like the proposed last month on unhosted wallets, should become more frequent and more invasive. As many surveys by the European Commission itself have shown however (chart below), privacy is where the efforts to strangulate crypto are more likely to become a political issue because europeans, even those who are not necessarily into crypto today, value privacy more than anything else when it comes to their finances. + +**TLDR**: The current anti crypto EU regulations are based on a doctrine by Alex De Vries, a DNB analyst and University researcher, who argues that breaking bitcoin's halving price rally cycles is the most effective way for europeans to undermine crypto adoption. He specifically proposes taxing/limiting crypto transactions and implementing trade restrictions against certain cryptos. +My mother who is the main caretaker of my grandma who received a letter stating that she is not a citizen and will no longer be receiving her social security payments. My grandma has been a citizen for a veryyyy longgg time (we have her naturalization documents/proof) and she has been receiving her social security for many many years just fine until now. + +My mother has been in contact with 2 people at the social security office who told her to mail in a **copy** of her naturalization by BOTH people. She mailed it in awhile ago and followed up with the office this past week, they said they haven't received it yet and it's because mail has been backed up so to stay put. She waited a bit longer and then called in again and now she is being told by a 3rd person that they received the copy but they actually need the original version mailed in.. 1. My mom is afraid to send in an original copy in the case it gets lost in the mail or their system because they're making it so difficult for her to clear this up and she's sketched out..they keep making her run around in circles.. 2. she already verified with two people at the social security office that a copy is okay.. + +What can she do moving forward? Is there any way we can escalate this? Is there another office higher up that has jurisdiction to look into this and help? It's been very difficult for us because my grandma went to the ICU for covid and miraculously lived..she's 96 years old...I'm sorry...I'm not sure if this is the right sub to post this in but hope you guys can help! + +Edit: WOW I was not expecting such a big response! You guys are gonna make me cry :') For everyone asking, yes the letter we received is real, we confirmed everything. Also, to people who recommended going into an office in person to show the document, all ss offices are closed during covid. Looks like the majority consensus/go to has been to contact my local representative/constituent services office and I will most definitely be doing that tomorrow. I will provide an update once my og gma gets her moolah :) + +Update: hey guys, wasn’t expecting this type of update at all, my grandma sadly passed away..she’s probably partying in heaven rt now. Did everything as recommended for the social security and they never gave it to her. what a bunch of dingleberries lol Thank you guys again for trying to help and being great 😌 +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. +It seems that the rate of the global stockmarkets are in decline. Since December last year one of the most influential markts: Nasdaq, S&P 500, Dow Jones, Euronext, Shanghai stock exchange are all down by 3% or more. With the trend continuing to be going downwards. I have done some limited research on why the stockmarket is currently declining, but I don't think these findings have anything profound to conclude on why there is a global downwards trend. + +As for the question: I would like to know what your opinions are on why the stockmarket is declining. Is this a small correction or something entirely else. As for beginners like me, what are some SWOT(Strength, weaknesses, Oppertunities and threats) of the current state of the stockmarket? +Loss per share: $3.04 vs. $3.12 expected + +Revenue: $3.29 billion vs. $3.28 billion expected + +https://www.cnbc.com/2018/02/07/tesla-q4-2017-earnings.html +Based on what was sold out at the stores, best-sellers online, or just what gifts that every single member of your family (independently) give this year... what company do you think is going to have a positive earnings call at the end of the quarter? +Recently graduated from a master's program; I make 80k a year (gross) in a low cost of living area (flyover state). Will receive a pay bump to 95k (gross) in 3 months, with semi-yearly opportunities for future bumps based on performance. I'm constantly looking around for new work opportunities, and am usually interviewing with at least one firm at any given time. I could make a higher salary in a higher cost of living market, but the COL increase usually eats up a good portion of the salary increase and quality of life goes down. + + +My wife and I currently live with my parents rent-free, and have the option to do so for some time. If we were to get our own apartment (which we may do to keep our sanity intact), it would be between $500-$700/mo. + + +Finally, I should mention: I'm 30 years old. I feel like my life is passing me by. + + +Any advice? What should I do? + + +Here are my debts: + +**Debt** | **Interest Rate** | **Monthly Payment** | **Principal** +---------|----------|----------|---------- +CC1 | 20.74% | $418.00 | $15.950.92 +CC2 | 26.49% | $25.00 | $938.18 +Personal Loan 1 | 14.49% | $243.33 | $9,421.55 +Personal Loan 2 | 9.75% | $340.19 | $12,110.68 +Car Loan | 7.79% | $167.24 | $5,099.91 +Student Loan | 7.79% | Grace Period (thru November) | $187,383.00 +Total | 8.01% (avg) | $1,193.76 | $230,904.14 +Preamble: + +* Married, both 30, 1 infant and planning for 1 more. +* HHI $1M (Bay Area, both FAANG). NW of $2M ($1.5M stocks, $0.5M equity on $1.6M primary residence) +* Current spend is $55k in principal and interest plus $150k in everything else (incl daycare) +* More interested in the FI part of FIRE, with a FI target of $5M to $10M plus primary home. We enjoy our careers and if we're still enjoying it, we'd move the goalpost but the ability to call it quits whenever is important to us. + +Our income has grown quickly in the last few years, roughly 2x'ing every 2 years. I'm happy where it currently is. + +We have everything we need, but there are some luxuries that we value that we still hold back on. For example, we could upgrade to Business Class for $25k per year, eat out nicer for another $25k, etc. + +My biggest worries with these upgrades are hedonic adaptation, increasing the distance between us and our FI goal and increasing the risk that we have to downgrade lifestyle if something bad were to happen before we hit FI. + +On the other hand, I'm realizing that for savers like me spending hard earned money is a muscle that requires training, and most importantly life is now. I recently found this community and it has been a breath of fresh air compared to other Personal Finance forums on this regard. + +How would you think about this balance on my shoes? +First time buying an investment property. Both units are below the market rent value. One is below 400 dollars and the other is 300 dollars. I’m kind of nervous when the deal goes through and I would have to raise their rents by that amount as there is no other way. I don’t know how the tenants will react to this. What do you guys suggest? Can you guys share your experience with me? +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. +Anyone currently doing this? Essentially Dividend reinvestment but with CC premium. I’m doing it with TQQQ and it seems like a good way to DCA to sell calls at a better strike price. + +Also gives you a little cushion if the underlying blows through your strike price and eventually lets you accumulate another 100 shares to sell more calls. + +Here’s my question: how do I simulate/backtest this? Any ideas? + +Thanks + +Edit: wow thanks everyone for commenting. I plugged numbers into excel [here](https://www.reddit.com/r/thetagang/comments/n3hwc9/theta_farming_tqqq/) to attempt to simulate/backtest this idea. +I see a lot posts on this sub about selling CSP. My understanding is this is when you sell a put using 100% of the notional value of the underlying stock as collateral. Same as a covered call, this strikes me as an inefficient use of capital. + +I get covered calls, because if you're holding stock anyway, you might as well add to your return. If your broker does not allow you to sell naked options with less capital requirement, why not sell credit spreads? In my experience the broker will only require the width of the spreads for capital, making this a far more efficient trade. + +The Nov exp. SPY 20 delta is a 298 strike, and last sold for $4.98. Notional value is $29,800. Option price is 1.6% of the notional. A broker's naked margin requirements might be somewhere around $5k, which would give you closer to 10% return selling the naked option and collecting full value. If you can't do this, why not sell the spread at $30-$50 wide? The $30 spread will net you $3.32 and you can sell 10 contracts for the same collateral requirement. + +For this example + +CSP capital requirement: $29,800 + +Max profit: $498 + +Credit spread capital requirement (10x $30 wide): $30,000 + +Max profit: $3,320 + +If this is the case, why would anyone ever sell a CSP? What am I missing? + +Edit: + +After reading more about CSPs, I found this on the CBOE website: "Who should consider selling cash-secured puts? An investor who would like to acquire shares in a particular security, but is willing to wait for them to trade at a target price that is below current market level." + +[http://www.cboe.com/strategies/intermediate/equity/cash-secured-puts-strategy/part1](http://www.cboe.com/strategies/intermediate/equity/cash-secured-puts-strategy/part1) + +This makes more sense to me. As one user pointed out, the wheel, CSP, CC's are more passive investment strategies, which also make sense. Comparing a stock-centric investment strategy like the wheel to an options trading strategy like a credit spread does not make as much sense, because the risk/return, leverage and desired outcome are completely different. +Here is a great video I came across that explains the difference between margin trading with options and stocks: https://youtu.be/tVl98R4l5LE Watch it if you are still learning trading options. + +On the topic of margin, I’ve read a lot of posts here where people share their strategies on generating weekly income from their Margin and retirement accounts. However, it seems to me that everyone has their own way of calculating risk when it comes to selling options. Some people say that they do not use more than 40% of their margin for options. + +Can you share how you calculate to allocate capital for option trades (selling)? + +For example, if I sell a CSP, then conservative approach would be to use notional value and have that much cash available in the account. But that also means that you are not leveraging margin for your benefit. There are pros and cons to both. Would like to hear how everyone does it. + +Thanks in advance +Yesterday, I noticed I had $25 left in my old RH account, so I was basically going to just find a way to gamble on it. + +I don't know if you guys are familiar with IRNT, but it's basically a de-spac that has an options chain but had a crazy high redemption rate so the float was miniscule. I rocketed up like 400% a couple of weeks ago and was sitting at about $24 yesterday morning. The float is going to double within the next week because of warrant redemption and PIPE unlock, so I figure its going to plummet. I opened 4 Nov 1 16/18 CCS's that cost me a total of $20. IRNT nose dives yesterday, as anticipated, and closes at $20. I'm sitting pretty, thinking I will just set a closing order at $100 in the morning and let it keep falling, making a tidy $380 on my $20 investment. + +Well, that didn't happen. Why? Because some dumb ape exercised his $16 Nov 1 call on me overnight. This stock, that just dropped 25% that day was the one someone decided to go ahead and exercise? For the love of Christ, why not just sell to close? Just makes absolutely no sense on this, of all stocks, to exercise a call for November in September! Anyway, I went to bed last night up around $100 and woke up this morning down $20. I guess no more ITM CCS no matter how shitty the outlook for the stock is. +TL;DL: what are the implications of signing an unenforceable non-compete agreement on future employment? + +I am a 27 year old who works in the insurance financial services industry. I do NOT work in a sales related role. + +Our new CEO (who comes from a sales background) is forcing all full time employees to sign a nationwide-3 year non compete with no consideration (e.g., additional compensation or termination benefits). + +I've consulted with a lawyer who assures me that the nationwide and 3 year ban is unenforceable, but doesn't stop them from (1) making me disclose to future employers that I'm subject to a non compete or (2) defending a suit out of pocket. + +The CEO has given a drop dead deadline this Friday (21st of April) which you can sign it or clean out your desk Friday. + +So, friends, what I need to know is from an HR/Recruiter point of view: + +(1) how do you react when someone initially applies to a entry-mid level non sales position who checks the box that they are subject to the non compete? + +(2) if a future employer doesn't ask in the initial application about a non-compete when should I disclose it? + +(3) is this worth losing my job over? + +Help? +We could help them. We can tell them which bills to skip, and who to negotiate with about what. How to lower one's pride to go to the food banks. How to suck it up and beg for loans from relatives. + +One of the best books I've ever read explained how poverty living is a set of SKILLS, just like middle class living is, and rich living is. + +They are facing a crisis and need new money skills to cope with it. + +We could teach them. +Greetings fellow crypto investors! + +I know this is not the first time $VIDYA has been posted here, but I would like to draft my own post and give my own opinion on this project as to why I think this is the biggest gem in all of crypto right now. + +# DISCLAIMERS + +First off for the sake of transparency, roughly 85% of my portfolio is $VIDYA with an average cost of around .22 cents, and I do not plan on taking any profits until $5 minimum. Secondly, if you are looking to invest in a shitcoin that will make you rich overnight, there is definitely a possibility of that happening here which I will explain later, but I think the true winners will be the ones who hold this one long term. With those couple things out of the way, lets learn a little bit about what $VIDYA is. + +# FUNDAMENTALS + +$VIDYA aims to be a platform that allows talented game developers to build and deploy their games within their ecosystem. The team behind this project (Team3D) will also be developing games for this platform, the first of which will be a First Person Shooter (FPS) game. I HIGHLY recommend you check out the website and discord which will all be linked below and check out the teaser, as well as the dev updates that are frequently posted because this game seriously looks like it's going to be incredible and I personally cannot wait to play it. + +With the global gaming sector being worth around $162 billion dollars and growing, there is huge potential for growth here given that the market cap of $VIDYA is currently..... wait for it..... **$15.2 MILLION.** This is absolutely tiny given what this project will eventually end up being! For some perspective, the market cap of ENJ is over $2 billion alone right now which is absolutely massive, and I can easily see $VIDYA eventually growing to a number like this once the entire project is fully launched, which from the current market cap would be a 132x gain! + +Moving on, let's quickly talk about everyone's favorite topic in crypto right now, **NFTS!** That's right, as if this project could not get any better, there is a fully functional NFT inventory system that can be viewed on the website right now! The potential for what can be done with this system is endless, so let's just name a few of the perks. With multiple games being launched on this platform, players will be able to use their NFT items in whatever game they choose to play. This could range from many different collectible cosmetic items for the player's in game character(s) with a wide variety of rarities, making this a gold mine for NFT collectors! There has also been talks about having weapon skins as NFT's for the FPS game that will be releasing, and we all know how popular weapon skins are in any FPS game that has ever been released. Imagine combining that hype with NFTs! These are just a few of the things I could think of off the top of my head but the opportunities here are truly endless. + +Lastly, I just want to add a few things in regards to the team. The team is extremely transparent and easy to reach through discord which is a huge bonus that a lot of projects lack. You can tell that the team is very passionate about what they do which is a main catalyst for success in my opinion. Their website which will be linked below is one of the coolest that I have ever visited, and it is very easy to tell that these guys absolutely know what they are doing. + +# Recent Performance + +For those that are more curious about the potential gains to be made here rather than the tech, let's dive right in! + +* At the time of this post, $VIDYA has already done a 10x move from March 7th until now (Under a month!), moving from .038 cents to 38 cents. This is an absolutely massive move in that timeframe, and with the market cap still being only $15.2 million, there is still plenty of room to grow! +* $VIDYA is the number 2 best performing crypto in the NFT section on coinmarketcap in the past 7 days which is a massive accomplishment! This will help get a lot of eyes on the project, and it is very bullish that we are currently number 2 in the hottest sector of crypto to ever exist! +* There are currently 2200 holders which can be seen on etherscan, and this number has been increasing by almost 3% per day for the past week or so. This means that people are slowly learning about the project and buying in, and early investors are not selling which is a great sign! + +# Potential Price Action Moving Forward + +On top of the recent performance, let's talk about the future here. There are plenty of events coming up during Q2 that I believe are going to drive up the price in a parabolic fashion. + +* The fact that the team has done almost no marketing for this project yet at all is pretty amazing. They plan to begin marketing once they have a working product, and once we get some proper marketing and more exchange listings the price will surely go up. All of the price action thus far is simply from word of mouth which is pretty incredible! +* The FPS game trailer and beta launch is happening this quarter, and I think it goes without saying that this is going to be a massive stepping stone for the project. More upcoming events can be seen on the roadmap on the website or in the discord! +* This one is a bit more speculative, but the youtuber by the name of JRNY Crypto is releasing a top 10 gaming altcoin video within the next couple days, and there are a few reasons that I believe $VIDYA will be mentioned in this video. Firstly, JRNY is part of the marketing team for the very popular project Shopping ($SPI). It just so happens that Team3D are the ones that built $SPI's staking system, so they absolutely know who we are! On top of that, the recent upside price action without any public news makes me think that JRNY has been telling his insider groups to buy before he publishes his video. I could be wrong about this, but I figured I would throw it in here because if this happens the price is going to go through the roof. + +# Roadmap + +Here is an update on the current roadmap posted by the lead developer / founder of the team! + +"Right now we're working on blockchain and game development at the same time with teams for each working in tandem. Currently, our roadmap looks like this: + +\>Merchant, Astronaut, First-person shooter closed+open testing, Matic integration, Company website + Easy doxx, Whitepaper v1 (Q1-Q2) + +\>Generator on Matic (Fixed duration LP staking), Fabricator (Crafting mechanism for NFT's), Vidya systems + NFT + token integration + docs (Q3-Q4) + + \>Full NFT-based pet game (top sekrit), VR/XR social, gaming and defi (From Q3 - Q4 2021 to Q1 - Q2 2022) Time frames are estimates and may be sooner or later than we expect, though we are fully engaged in building and will likely venture into things like VR releases much sooner than the estimate provided" + +# Wrapping up + +There is so much more that I could say about this project and I am sure I missed a few things, but I do not want this post to get longer than it already is. I truly believe in this project and hope I was able to shed some light on it for everyone else! I seriously encourage you guys to join the discord and ask your own questions, DYOR, etc. I will leave a list of useful links below. Feel free to ask questions in the comments and I will answer to the best of my ability + +# TLDR + +* Gaming and NFT altcoin gem with $15.2 million dollar market cap +* Number of holders is rising steadily everyday +* Aiming to be the biggest Gaming/NFT ecosystem in all of crypto +* Massive events coming up in the next few quarters +* Dedicated development team with many legit partners and projects +* It's not too late, this truly is just the beginning + +# Useful Links + +Discord - [https://discord.gg/amRfHNej](https://discord.gg/amRfHNej) + +Website - [https://team3d.io/](https://team3d.io/) + +Team's Website (yes they have other partners and products!) - [https://web3.builders/](https://web3.builders/) + +Coinmarketcap - [https://coinmarketcap.com/currencies/vidya/](https://coinmarketcap.com/currencies/vidya/) + +Etherscan - [https://etherscan.io/token/0x3d3d35bb9bec23b06ca00fe472b50e7a4c692c30](https://etherscan.io/token/0x3d3d35bb9bec23b06ca00fe472b50e7a4c692c30) +Just curious - people are eager to get back to restaurants and pubs, but I don't hear anyone saying they miss clubbing. That could just be my social circle as I'm 37 and I go to a club maybe once every 2 years max. + +So just looking for a broader range of perspectives than the people that I personally know - Did you go to clubs a lot before? If so, do you miss it and hope to resume the same level of spending as previously, or have you changed your perspective on it since they've been closed for over a year? + +Do you value that type of 'leisure' spending more or less now that you have lived without it? + +EDIT: Absolutely loving these responses. People on this sub are definitely not repressed! I'm glad people are planning to get back to what ever they enjoyed pre-covid. Have fun, and be safe! +[LOL](https://preview.redd.it/49dwt7iwfix61.png?width=2488&format=png&auto=webp&s=bc0f7c02d4cc5cdba5b24a8dd88fa93bb217c7e7) + +*The Risk Awards* are the longest-running and most prestigious awards for firms and individuals involved in the global derivatives markets and in risk management. + +**Lifetime award:** This will be awarded to a person that has made a significant contribution to the development of the derivatives/risk management industry. The winner is selected from a shortlist drawn up by the editorial team, but nominations can also be made by the candidates themselves, by colleagues or by employers/customers. Nominations should outline why the candidate should win the lifetime achievement award and demonstrate their contribution to the development of the market. + +**Flow market-maker of the year:** This category recognizes liquidity providers that quote in interdealer, dealer-to-client or all-to-all markets, and focus heavily on electronic and systematic market-making capabilities. Firms can pitch on the basis of strength in listed and OTC derivatives products, or cash market activity, across equities, foreign exchange and rates. Market access, volume, response times, ticket sizes and reliability during periods of market stress will all be considered – and must be backed up with data and client feedback. We will also need detail on how the firm manages risk. Submissions should include client references. + +What a fucking joke. This will age well. + + +**HOLY FUCK EDIT:** + +As u/linac_attack said in the comments, the lifetime achievement award might be for people who are retiring. + +Here is one excerpt from an interview with him made in December: + +>The next 30 years +> +>There is one moment in the interview when Griffin briefly falters. It’s a question about succession at Citadel. He pauses. His tone changes.  “You know, I don’t look forward to succession in the context that it means I’ve – bluntly – gotten older and maybe it’s my time to pursue other interests and other passions. I don’t relish that day. But I am confident, when I look across the team that is here, my colleagues will unquestionably do a great job of running Citadel when that day comes,” he says. + +Full read: [https://www.risk.net/awards/7755351/lifetime-achievement-award-ken-griffin](https://www.risk.net/awards/7755351/lifetime-achievement-award-ken-griffin) +Hello all, + +Since June 2020 I have used MoneyBox as my S&S ISA. I deposit £50 + roundups every week so on average £60 per week. Its doing very well in my opinion, currently just under £5500 and making about 17% + +In other posts relating to S&S ISAs, MoneyBox doesn't seem to be the most popular choice, it seems to be seldom used + +Other than the service fee you pay (£1 + 0.45% of investment) I don't see any benefit in changing but I'm not an expert hence this post + +Should I keep to what I'm doing at the moment if I'm happy, or are there better/more rewarding options available that I could transfer to? + +Thanks in advance! +I'm currently an engineering student, just finished a year in industry placement, and going into my final year. + +Through the wage from my placement, not having to pay rent this year due to WFH at parent's house, saving pretty much everything I earnt from odd summer jobs when I was younger, and a savings account my parent's kept for me, which mostly contained some inheritance money I got when I was very young, I currently have around £40,000, and it's not doing very much at the minute + +&nbsp; + +I know this is really quite a good position for a student to be in, and I realise I’m very fortunate for that. So now I'm just trying to figure out what I should do with this to make the most out of it. + +&nbsp; + +Following the flow chart: + +&nbsp; + +- I do not currently have any debt (other than student loans). I am also not currently contributing to a pension as I am not currently employed. I did contribute to a pension during my placement however, and there is currently around £1260 in there + +&nbsp; + +- For an emergency fund, under my circumstances I don't feel like I'm under much risk at the minute of an emergency, so it's fairly reasonable to have a somewhat low 3 month fund, which I've worked out to be around £2000. As far as I am aware, the best place to put this is either premium bonds or the best easy-access savings account I can find + +&nbsp; + +- For longer term goals, I'd be planning on buying a house at some point, but I'm unsure when this would be. I don’t know whether this would be relatively soon after I leave uni, or a bit later down the line, it's difficult to tell as I don't know yet what I'll be doing after I graduate. + + With this in mind I don't know whether to max out a cash LISA or an S&S LISA. I'm currently leaning towards cash LISA as it could be less than 5 years that I end up buying a house, so it is the less risky option. +I currently have around £10,500 in a cash ISA and a H2B ISA. I’m planning on transferring the maximum £4,000 in this year from this pool, so that I don’t contribute further to my ISA allowance (and keep contributing £4,000 a year until I buy). + +&nbsp; + +- For the rest of the money I plan on investing a lot of it in a S&S ISA (probably a vanguard fund). This is the bit I’m stuck on really, as I don’t know how much I should invest. After the emergency fund and LISA, I’d have around £34,000, £6,500 of which is already in an ISA (£400 of which I contributed this tax year) leaving me with a potential £26,000 I could deposit/transfer into a S&S ISA this year. + + Should I invest all of that, then have the remaining £7,500 for a mix of discretionary spending and saving for next year’s ISA allowance? I’ve been thinking of getting a nice desk setup for uni this year and beyond, which would include a PC, monitor, and sit-stand desk, totalling around £1,800. +I’m a bit hesitant about this as it does feel like a splurge to spend that much at once, but it would make my work quite a bit nicer and it’ll all last me for years). Does this sound reasonable, or should I try to cut that down? + +&nbsp; + +Sorry for the long read, but does this plan sound sensible? Anything I could do better? +I started my first salaried position a few months ago at 55k. 40% of my pay is going into my roth 403b and I’m hoping to get as close to 6k into my Roth IRA by December. Am I doing this right? It’s my first retirement account and I’ve only got about 2k in my ira currently. Should I be doing anything else? I’m 28 + +Edit for more info: I have about 10k in savings, no CC debt, no student loans. My FICO is over 800 and in January I’m thinking of switching to 20% into 403b and 20% into a high-yield savings account. I live in a public-transit city, so no car or car-related expenses +It was one after the newbie mistake after another. + +Bought apple shared on a day shares were high thinking they would increased in the middle of the day. (apple @127 and Amazon @ 3248) + +Suffered for one week seeing Apple and Amazon hitting new lows. + +Read news articles about apple going down Further. + +Lost hope in the stock. + +Could have DCAd but was so afraid to invest any more money in the stock. + +Saw the red yesterday and lost all hope finally. + +Finally today morning, sold it all at 125 taking a 70 dollar loss. + +Apple then went up to 126. + +Warren buffet said "the stock market is a mechanism to shift money from the impatient to the patient". + +Still red on amazon though. Will breakeven at 3230. Hoping for the best. Will hodl this time. :( + +Feeling pretty bad. +Hello All, + +I know I see a few of these types of posts and I wanted to share my story with you. + +**College (2014-2018):** + +Most of what my net worth through college (until the end of college which I'll get to) is somewhat of a blur as at the time, I was more interested in learning about investing vs tracking my net worth. But I was definitely very fortunate that through a combination of my parents and my grandfather helping me through college, 2 scholarships, working 3 different part-time jobs while at college and having 3 internships in the summers, I came out of college with a positive net worth of around $10k between my car (\~$1k) and cash ($9k). + +Through college, I really focused on trying to gain experience via work, saving as much as I could, along with purchasing a reliable car (2013 Honda Civic, at time of purchase in 2016 had \~15k miles). + +**First Job (2018)** + +Upon graduation, I was fortunate enough to land a job that had a just under $45k base salary plus bonus and OT available. I was also able to live at home for \~5-5.5 months where I saved and invested about 90% of my income. The only real expenses I had were car related (gas, insurance, repairs, etc), small personal items (shampoo, toothpaste, etc), a few times here and there I went out to eat with a friend, and dry cleaning. + +With the money I was doing a combo of investing into my 401k, creating an emergency fund, and investing in a taxable/brokerage account. + +I also took as much overtime as I could at my job so I ended up working around 44 hours per week on average, which, along with my base salary and bonus, I was making the equivalent of around $50-53k-ish. + +Unfortunately, I only lasted around 6 or so months at this job as due to some burn out and the toxic work environment I decided to switch jobs. + +Net worth at end of 2018 (approximate): $36k + +**New Job and Finding FIRE (2019 and 2020)** + +At the beginning of 2020 was when I first found FIRE as a way to get out of the rat race and immediately I was hooked from listening to ChooseFI, Reading Early Retirement Extreme, and more. I soaked in as much as I could and took in nearly every perspective of personal finance and financial independence as I could. + +I did have an apartment by this time but with my new job, I was making a base of $50k in 2019 with bonus opportunities (no OT). + +One of my biggest mistakes was forgetting to note my OT on my previous salary as I easily could have made an additional $1-3k per year. + +However, in 2019 and 2020 (despite pandemic) is when my net worth really started to explode as by investing as much as I could early on helped a ton. I also got very lucking during the COVID crash that I received a bonus from work that hit my 401k almost right to the day of the bottom. I also had a few months of extra expenses saved in a savings account that I invested on the way down of the crash, additionally I cash out some matured savings bonds (\~$800 worth, gift from childhood) right before everything locked down which immediately got invested. Additionally, I did get a tax refund (\~$500) \~2 weeks before the bottom, which was also invested. + +I also went very heavy in investing into my 401k (traditional) in 2020 which from the tax deduction, helped me save a lot more along with getting a raise at work to about $52k and working from home which cut my expenses by around $150/month. + +Additionally, in October 2020, I moved to a lower cost of living area in the Philly Suburbs which helped me save an additional amount of money. + +Lastly, I got into hitting bank bonuses to fund my "fun money" which helped cut expenses too. + +Net worth at end of 2019: $68k + +Net worth at end of 2020: $118k + +**Current year: 2021** + +As of this past week, I hit $150k net worth. With the markets going parabolic, getting a raise to now $54k and receiving a bonus of \~1k during the year. + +Break down is $138k invested, $11k cash, and $1k for car. With current breakdown, assuming an annualized return of 6%/year, no additional contributions, I am CoastFi if I were to retire at 62 and be FatFI at 62. + +What’s up stonkers. + +Now, if you’ve been around here for a while you’ll be familiar with the Unusual Whales Twitter handle and you will be well versed in their controversy. If you are new, I’ll link something below that I wrote a while back with more details. + +The point is, we’ve chased this highly suspect player away a couple of times, but they keep returning. You’ve got to ask, why do they insist on being here? + +Now before you say ‘well, it could just be newer apes posting, unaware of Unusual Whales shady history’, I’d like to present something to you. + +Like a number of you, I spend *far* too much time here, bouncing between new posts and the daily chat. Today, I noticed two posts. The first one posted was this… + + +https://i.imgur.com/yYNw0Yb.jpg + +Yeah, it’s yucky Murdoch owned Sky news, but it has all the basic info. It does however, provide us with an interesting comparison, because shortly after, this was posted… + + +https://i.imgur.com/EExH3NL.jpg + + +Less info, and from a source widely disliked here, yet ultimately the same. + +Now look at the difference in upvotes after a couple of hours. It’s massive. Granted, there’s always something of the old ‘snowball effect’ on Reddit, but imo, one of those has clearly been given a helping hand. + + +That brings me back to the question *why?* Why do these people, this *company,* want to be a voice here? Obviously we are important, we hold the idiosyncratic risk stonk, but what’s *their* end game? Do they want to convince apes to sell early? Do they want to drive traffic to their website? And if so, what info do they want to peddle there? + +I don’t have the answer to these questions, but again, I don’t for a second believe that Unusual Whales are friends of the retail. This is a company that praised Vlad not long after he removed the buy button… (I’ll try to find a screenshot). + +Anyway, what you want to see here is your choice, but let’s not be naive - Reddit like all social media gets manipulated. So I beg you, if mods won’t ban UW posts, then please downvote them. + + +Peace. 🚀 🚀🚀 + + + +Here’s the link to more reasons - https://reddit.com/r/Superstonk/comments/skjx4z/unusual_whales_are_not_a_credible_source/ +Guten Morgen to this global band of Apes! 👋🦍 + +What a moment to be holding GME! +Seemingly out of nowhere, a media blitz was coordinated to surface information about something that happened nearly two years ago. +This news appears to have had the impact of dropping the price 8%. +Of course, and completely by design, this news hit on the day that GameStop released the wallet for iOS. +While I have a hard time believing that that is the only reason for the release, it jacks my tits nonetheless. + +Naturally, the news that someone with a track record like Carl Icahn shorted GME is going to move the market. +They conveniently left out plenty of details. +The dip comes at a time when cash is tight for many SHFs, especially with their darling FTX going bust. +As we watch the fallout, I cannot help but wonder if this is the final dip before the rip. + +Today is Tuesday, November 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$25.55 / 24,93 €** *(volume: 1762)* +- 🟩 115 minutes in: $25.52 / 24,91 € *(volume: 1535)* +- 🟥 110 minutes in: $25.51 / 24,90 € *(volume: 1531)* +- ⬜ 105 minutes in: $25.52 / 24,91 € *(volume: 1520)* +- ⬜ 100 minutes in: $25.52 / 24,91 € *(volume: 1508)* +- 🟩 95 minutes in: $25.52 / 24,91 € *(volume: 1508)* +- 🟥 90 minutes in: $25.50 / 24,89 € *(volume: 1508)* +- ⬜ 85 minutes in: $25.52 / 24,91 € *(volume: 1229)* +- 🟥 80 minutes in: $25.52 / 24,91 € *(volume: 1224)* +- ⬜ 75 minutes in: $25.54 / 24,92 € *(volume: 1133)* +- 🟩 70 minutes in: $25.54 / 24,92 € *(volume: 1132)* +- 🟥 65 minutes in: $25.48 / 24,86 € *(volume: 1007)* +- 🟥 60 minutes in: $25.54 / 24,93 € *(volume: 766)* +- 🟥 55 minutes in: $25.55 / 24,93 € *(volume: 762)* +- 🟥 50 minutes in: $25.55 / 24,94 € *(volume: 691)* +- 🟩 45 minutes in: $25.55 / 24,94 € *(volume: 691)* +- 🟥 40 minutes in: $25.55 / 24,94 € *(volume: 638)* +- 🟩 35 minutes in: $25.55 / 24,94 € *(volume: 635)* +- 🟥 30 minutes in: $25.54 / 24,93 € *(volume: 635)* +- ⬜ 25 minutes in: $25.55 / 24,94 € *(volume: 424)* +- ⬜ 20 minutes in: $25.55 / 24,94 € *(volume: 310)* +- 🟥 15 minutes in: $25.55 / 24,94 € *(volume: 305)* +- ⬜ 10 minutes in: $25.55 / 24,94 € *(volume: 305)* +- 🟩 5 minutes in: $25.55 / 24,94 € *(volume: 297)* +- 🟥 US close price: $25.16 / 24,56 € *($25.52 / 24,91 € 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 1.0246. 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! +Apart from testicle consumption, here are some thoughts... + +Many long term investors celebrate by taking profits, a price ceiling develops. Potentiallying a 5-10% correction equivalent to reversing today's boost. + +However, $10000 becomes huge news with mainstream coverage, and the rate of new accounts and investment moons. 1 week from now this hits the bitcoin market. $11k is reached before we know it. + +Alternatively a whale cashes into a bitcoin cash again and we don't see 10k again for ages (days) +My workplace didn't pay my HELP debt, even though I ticked the box when I started. + +I expected to get about $1000 tax back but instead owe $5000 and didn't save to pay tax. Is there anything I can do other than get a payment plan with the ATO or get a loan? +I’m not an engineer or an architect but with the rental crisis and inflation out of control in Qld, I was wondering why are all the houses unique builds with lots of wasted space and aesthetics priorities over cost. + +It would be a lot cheaper to have assembly line housing due to economics of scale and also specially apartment blocks as again as it would cost less in urban planning and transport to have more people in the same area because of economics of scale. + +Obviously living in a commie block style house (even modernised) would suck and tract suburbs generally look horrible and dystopian. Apartments have to be wooden frames for cost and environmental reasons but at least repair will be standardised if they are all tract? + + + +But isn’t better to at least own your cheaper house though a less comfortable and aesthetic one than pay most your income for rent which is a total waste of money in Australia compared to a mortgage? + +Overall seems to me the crisis comes from cost inefficient urban planning. +I’m just a smooth brain ape, but I studied psychology as a way of life, as well as got my degree in it. I love it. It’s given me most of my wrinkles. + +This whole experience with the stonk is the perfect example of desensitization within a group. + +“In psychology, desensitization is a treatment or process that diminishes emotional responsiveness to a negative, aversive or positive stimulus after repeated exposure to it. + +Desensitization also occurs when an emotional response is repeatedly evoked in situations in which the action tendency that is associated with the emotion proves irrelevant or unnecessary. + +Joseph Wolpe (1958) developed a method of a hierarchal list of anxiety evoking stimuli in order of intensity, which allows individuals to undergo adaption.” -wiki + +In other words, apes have become so accustomed to the fuckery with our favorite stonk, that we could care less what happens at this point until MOASS. + +We are adapting. Buying more and waiting to truly Hodl. + +TLDR: The longer this plays out, the more apes are just going to buy more at this point. We have been conditioned to buy, desensitized to drops. This is the fucking way. + +GameStop to the moon, eventually. 🌝 + +All shorts must cover. 🚀 🚀 🚀 💎 🙌 +What do you think is the reason for them to not allowing you to buy crypto? Is it because they care about you and don’t want you to lose money? No. Banks don’t give a shit about you. + +They’re scared of losing control. +Since the inception of this trading subreddit and since the beggining of retail trading, there has always been two groups: smart money and dumb money. Smart money moves the market, dumb money is reactionary. If you can't figure out which group you're trading along with, chances are you're dumb money - and that's what most day traders are. The trollbox is filled with these people. You can spot them when they ask things like "ETH to $5 tomorrow?" "ETH hitting $15 within 24 hours?" "Why is it falling/rising?". So many people will trade a financial instrument without understanding its use and fundamental value and will only rationalize and justify their entry AFTER they are in the trade (and usually after they are in the red). + +Movers and Shakers + +The market movers are the whales, banks, hedge funds, individuals with deep pockets. These people will never tell you what they are up to. And if they ever do broadcast their positions, it will only be to benefit themselves. This doesn't mean that you should take the opposite side of their position or jump into the same trade as them, this advice is for the new daytraders who are looking for a handout. If you are a good, consistent trader, chances are your expendable cash is in the 6 or 7 figures. The crypto markets are too thin for someone with 7 figures to get into a position and then decide to do an altruistic deed by helping out other traders who choose to not do their due diligence. + +The whales don't owe you anything. This is a business and every trader is a competitor. The smaller day traders might share information between each other just like a town will work together to help each other out, but you won't see Amazon or Walmart helping out a little "mom and pop" shop any time soon. Just like banks work together to move the markets against retail traders and traders from different regions, so to can the whales band together and create shakeouts to take money from a 1000 day traders and distribute it amongst themselves. + +Traders' Folly + +No matter how good of a trader/investor you are, you've surely had your bad days. And no matter how bad of a trader you are, you've also had profitable days. I always keep 3 quotes in the back of my mind while trading: + +- The market can stay irrational longer than you can remain liquid. +- Be fearful when others are greedy and greedy when others are fearful. +- A broken clock is right twice a day. + +The first quote is to keep me from staying in a position that I know may be right position, but initiated during the wrong time. As your position goes deeper and deeper in the red, you might be panicking and telling yourself, "I did all the analysis, the fundamentals line up, good news came out, market sentiment is bullish, so why is this going down?" For your sake, it doesn't matter why it's going down. If you don't have enough money to weather the downturn/pullback/shakeouts, then you are overleveraged or entered at the wrong time, therefore you need to get out before you and your ego get burned. + +The second quote has made me a good amount of profit over the last week. The trollbox can sometimes be the best indicator. There is no doubt in my mind that the whales have accounts that implement FUD/Hype in the trollbox. But the interesting thing is that they don't need to do this. When a whale initiates a big buy order and price begins to rise, the dumb money piles in, raising the price with each order and doing the heavy lifting for the whales while getting into a position at a worse reward to risk ratio than the whales. Along with that, they need to justify their positions by hyping it up and getting as many people the same position as they possibly can. Just ask yourself, "how many people with 250 BTC+ accounts are broadcasting their positions and how many <10BTC accounts are boradcasting their positions?" Chances are, the bigger accounts are keeping to themselves. As a matter of fact, they stand to gain more from giving out the exact opposite information to help create liquidity for themselves. If any of you read the daily price discussion from yesterday and today (3/7-/3/8), you'll know that the overwhelming majority of traders believed that the price was going to continue falling and even accelerate further towards the downside. The weak bulls were losing hope and the weak bears were gaining confidence. And what happened? ETH rose 25% within 6-12 hours. + +The third quote is to keep your mind from wandering to the self-proclaimed analysts who post pictures of charts with indicators that are pointing heavily in one direction and then using these numbers and giving it the same weight as a news story or an announcement of large capital infusion. Lurk long enough on this subreddit and you'll see the same names over and over again being extremely bullish or extremely bearish when market conditions are in their favor, but when markets are going sideways or even against their position, they're silent. No where to be found for days until the market corrects itself. That's what most analysts are on Wall Street. The majority of them will not make any risky reports like "Oil hits bottom, will see $100 a barrel by 2018." Most of the time these analysts won't even give you specific entry and exit positions and specific timeframes, they'll just tell you that the market will go up eventually. By how much? For how long? When will it start? If you can't answer those questions, then you're not an anlyst, you're dumb money following the trend and hoping you don't lose your account. Or you're an analyst because you don't feel comfortable enough in your knowledge of market conditions to actually place a trade. + +Manipulations + +People with a lot of money most likely didn't get to that position by making sure that everyone else had a fair shot at the piece of the pie. Don't put anything past them. If a person has 250k to play around with, you should expect that they will implement foul play to protect their downside. It doesn't take a lot of skill to create a Hype/FUD bot that can control multiple accounts and chant phrases to help pump or dump their position. Also, I don't know how much effort or money is used to create the lag that Kraken has experienced several times over the last few months, but I'm almost certain that it's profitable enough for the whale(s) to keep doing it over and over again to help manipulate price and spread fear. + +TL;DR + +If you can't spot the sucker, it's probably you. Take every trading signal from others with a grain of salt and always question everyone's intentions. After all, good entry signals are basically free money. Why would a stranger want to give you free money? + +If this information was helpful for you in any way and you would like to see more stuff like, please leave some feedback [here](https://www.reddit.com/r/ethtrader/comments/49mmms/would_you_guys_be_interested_in_a_site_dedicated/). Based on the response I can gauge whether it will make sense to create a website teaching new and intermediate traders how to trade properly. +Hi all, + +In this post I will try to summarize all the positive (and negative) aspects of Citius Pharmaceuticals (Nasdaq:CTXR). Its not meant as an extensive DD, I would like to bring the stock on your radar and list the most important facts. Disclosure: I am personally invested. + +Positive aspects: + +\-Mino-Lok, the lead product should receive a DMC announcement this Q, the CEO said it will happen until the end of June. 100% success rate in the first and second trial. 1.5b market in the US - no competitors. Saves costs tremendously and is saving people from a catheter-related bloodstream infections (CRBSIs), this is lethal in up to 25% of the cases. New drug application planned for Q42021 - Citius already has a fast track process with the FDA. That means after 6 months they will get the approval, the plan is to start generating revenue in 2022. + +\-Halo-Lido, formulation against hemorrhoids, has demonstrated safety and efficacy, phase 2b will start in Q32021. Multi-billion market. + +\-Other drugs are in preclinical development. + +\-The chairman and CEO invested over 26m of their own money. Both have an incredible experience (incredible is an understatement). See below. Mr. Mazur, the chairman also said he was "all in Citius shares". + +&#x200B; + +https://preview.redd.it/eikyre6gf9271.png?width=721&format=png&auto=webp&s=ae4ef35ead9b76851e0102c00795fc873eeb8fe5 + +https://preview.redd.it/kgz1iynhf9271.png?width=753&format=png&auto=webp&s=3b462fb6ca1c3b1df72f1d47ae6e8f3219014ee7 + +\- Cash until 2023, dilution is not a concern. All the future trials are competely funded until 2023. The chairman said that they don't want to do further dilutions. No debt. + +\- Russel2000 inclusion is very likely. Blackrock and Vanguard already bought over 9m shares in the last Q. On the 4th of June a preliminary list will be released, CTXR should be on there aswell. Citius fulfills all the parameters (insider ownership, volume and market cap). Roughly 900b dollars are affected by the Russel2000 index, I expect further strong buying pressure. + +\- Analyst price targets are 4 and 8 dollars (suggesting massive upside). + +\- The executive team is regularly at conferences and has good PR every other week. They recently won the best poster award at a conference with 350+ of the biggest pharma firms in the world. (Thats not because the intern threw together some nice looking slides, its because the quality of their research is so excellent). + +\- Still a extremely low market cap of 300m Given the fact that a market of 1.5b (only in america, global market is much higher) is reachable without competition is outstanding (only talking about Mino-Lok here). They also have high profit margins since the patent (which they have until 2035 - worldwide) only has 3 basic ingredients. + +Now that sounds quite good eh? + +The main risks are: + +\- No FDA approval which would make another offering inevitable, Citius has no revenue as of today, further offerings would be inevitable (after 2023). + +So thank you for reading all of this. I hope you have a good sunday. + +\- + +:)Did you really think this was everything? I hate to break it, but I lied big time. + +There is this company called Novellus therapeutics. They and Factor bioscience are founded by the same two guys, Christopher Rhode and Matthew Angel. So Novellus is focusing on MRNA technology and recently licensed a gene editing platform to (BTX) Brooklyn Immunotherapeutics. After that announcement they went from $5 to $70 (1400%), not bad? In that process they got quickly bought out, LOL. + +Now, what has that to do with Citius? + +To understand the whole picture I need to tell you something. Leonard Mazur, the Chairman and biggest holder of Citius Pharmaceuticals is also a significant shareholder in Novellus therapeutics. The same company that made BTX go parabolic. They have countless patents and their technology is 100% the future. I am unable to understand it in detail but look for yourself: [News - Novellus Therapeutics (novellustx.com)](https://novellustx.com/news/) + +Now the cool part is that Citius licensed over 25 patents in a licensing agreement from citius. They received patents for the same MRNA technology, including Novel Induced-Mesenchymal Stem Cells (i-MSCs). They can be used to treat Acute respiratory distress syndrome (ARDS), a big portion of all ICU patients get this. Its now more present than ever due to covid. The solution and knowledge they've licensed has shown efficiacy and superiority in preclinical studies. They will do everything to do clinical studies as soon as possible. The market potential is unbelievably big and worth tens of millions of dollars - if not more. Oh yea, the poster I mentioned, it was about Novellus' MRNA technology. Citius presented it and it won against all the big pharma companies, you find it [here](https://d1io3yog0oux5.cloudfront.net/citiuspharma/files/pages/citiuspharma/db/244/post_event_details/ISCT+poster+2021.pdf). + +So to summarize, Mr. Mazur owns Novellus and is a significant shareholder. They licensed MRNA technology to a company that quickly got bought out and went up massively. Now to my knowledge he is not a shareholder of BTX. He's only invested in Citius. Given the fact that he literally also owns Novellus partially, the licensed technology must have an extreme potential, yet is completely ignored and only few even know about this connection. + +Citius Pharmaceuticals recently had a proxy voting to increase the 210m authorized shares to up to 410m. The vote did not pass and they adjourned the meeting to end of june. On friday the CEO, Mr. Holubiak filed a letter to all shareholders with the sec. [Here](https://www.sec.gov/Archives/edgar/data/1506251/000121390021029958/0001213900-21-029958-index.htm). If you closely read the letter you can see him basically begging for the additional 200m shares and that they "urge" everyone to vote and even change their vote. In the next sentence he says that acquisitions or investments are possible. + +I really don't want to be speculative here, but think about what happened to BTX and compare it to the pressure that the management is implying here. It makes me wonder if something big is in the bushes. They have enough cash and the chairman said multiple times that a dilution won't come. + +In my opinion this company is severely underpriced and undiscovered, even if we only account for the Mino-Lok solution. Given the fact that they have such a excellent pipeline, perfect management team and 97m cash - its a very reasonable investment and the risk/reward is great. + +&#x200B; + +[The technicals look excellent, we're in a triangle pattern and soon to break out. Multiple moving averages are bullish and the MACD ist just starting to go green again.](https://preview.redd.it/99h4p6yif9271.png?width=1470&format=png&auto=webp&s=e9a0cdcd2c06b0f17f2275de3bfba308b2cfe58d) + +If you'd like to look further into the company, (I would, there are many things I did not mention) - start with this summary of DD: [Link](https://www.reddit.com/r/CTXR/comments/mqomgw/are_you_new_read_this_first_important_base_info/) + +I hope you liked this short writeup and wish you a good sunday! + +Traderi +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? +[**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/) +AMZN reported a first-quarter loss of $3.84 billion, or $7.56 a share. In the first quarter of last year, Amazon reported a profit of $8.1 billion, or $15.79 a share. + +AMZN said Thursday that it expects second-quarter revenue to be in the range of $116 billion to $121 billion, below the average analyst estimate of $125.5 billion reported by CNBC. AMZN also reported that it lost $7.6 billion on its investment in electric vehicle maker Rivian. + +In a statement about the quarterly results, Amazon CEO Andy Jassy said the company is focused on improving productivity and cost efficiency, but that will take time as Amazon continues to deal with inflation and supply chain pressures. + +&#x200B; + +Amazon shares fell 12% on Friday morning after AMZN reported its first-quarter results, plunging to a two-year low. + +On Monday, Amazon shares fell more than 3% again, continuing to decline. + +[https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-first-quarter-results-0](https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-first-quarter-results-0) + +Did you buy Amazon stock? What do you think? +HELLOOOO beautiful apes! + +Have a new theory on why these zombies are coming back to life. + +But first, take a look at this chart: + +&#x200B; + +https://preview.redd.it/bi1bu9qcbpl71.png?width=1186&format=png&auto=webp&s=4274025ef5ca50a8e5cd0c382f57d33bb3cf2245 + +If you had to guess which "meme" stock this is, what's your first guess? + +&#x200B; + +**insert censored tickers:** \*\*? \*\*\*? \*\*\*\*? + +&#x200B; + +WELL YOU'RE ALL WRONG CUZ IT'S A FRIGGIN PENNY STOCK THAT SQUEEZED TO 30K IN 2017. + +&#x200B; + +https://preview.redd.it/hqy95mjkbpl71.png?width=952&format=png&auto=webp&s=709c2fea88be35dd9088c064b332c963cb74b543 + +Okay okay lmao it squeezed to like 3 bucks because it had a 1-10,000 split recently (07/01/2021) and that's shown backwards on the chart. And that's why it says 30k. + +Now. Why is this relevant? + +Well first of all, this is proof that the "RETAIL BUYING FRENZY STARTED BY REDDIT IN JANUARY" narrative is false because this pattern was in 2017. + +But one obvious way it relates to GME is when it squeezed in February: + +https://preview.redd.it/ri1x1nugdpl71.png?width=1299&format=png&auto=webp&s=c574145073276f1c95f153661c4242d5dda515e1 + +That's the thing about these zombies. They be squeezing all at the same time in February. And start moving new volume all at the same time starting last month. + +A few wrinkle brains who wish to not be named helped me find some things. And we came to a consensus that.. well wait before I get into that part I wanna just give you some more data and maybe you'll come to the same conclusion before I spill those beans. + +&#x200B; + +This stock is TTSID which had a 1-400 split on 08/31/2021 + +&#x200B; + +https://preview.redd.it/5qoge16nepl71.png?width=1148&format=png&auto=webp&s=404dc654054a320ba312643eabb81c529759eada + +It started squeezing on March 26th 2021 and peaked on April 7th. + +The only place this stock is traded is Gre Tai Securities market. Ie. Taiwan + +I seem to remember hearing something about an Asian hedgefund getting margin called on.. what was the date? *\*Googles\** + +[https://financefeeds.com/archegos-chaos-wall-streets-shocking-event-2021-far/](https://financefeeds.com/archegos-chaos-wall-streets-shocking-event-2021-far/) + +*"The first sign of trouble came on March 26 when Goldman Sachs and Morgan Stanley began selling large blocks of shares for a client who had missed a margin call – a demand for more collateral to cover losses on trades that had gone awry. The stocks that were dumped are categorized as “second-tier tech”, and included Chinese search engine Baidu and American media conglomerate ViacomCBS. Their prices crashed under heavy selling pressure with the price of ViacomCBS shares, for instance, falling by more than 33%.* + +*By Sunday, March 28th, news emerged that the client was Archegos.* + +*On Monday, March 29th, Credit Suisse said it was in the process of liquidating the positions of a client that had defaulted on margin calls, and that the related losses would be “material”. Unofficial estimates put these losses at $3bn-4bn. Nomura, a Japanese bank, said that it was on the hook for about $2bn, possibly more if stock prices fell further. "* + +So we can directly correlate the collapse of Archegos with the jump of this stock. Same day. Same time frame Credit Suisse was going through their shit. Could this have been a short they bought back? Hmm.. maybe. I don't think so. + +&#x200B; + +Let's instead look at some more weird shit before I say why: + +&#x200B; + +Here's another February Squeeze and 1-150 split on 08/27/2021 + +AGFAD: + +https://preview.redd.it/lly47hkgopl71.png?width=1333&format=png&auto=webp&s=92d9dae8df749fc6baa5684c33183b5b84ac1a9b + +Jan and Feb Squeeze, 1-135 split 08/23/2021 + +YRLLD + +&#x200B; + +https://preview.redd.it/05jrcxvwopl71.png?width=1284&format=png&auto=webp&s=6f7165d1bd8f346956c9aa979af4e1193acc1522 + + + +Feb Squeeze, 1-1000 split on 08/20/2021 + +&#x200B; + +https://preview.redd.it/lwblplgappl71.png?width=1291&format=png&auto=webp&s=48e347c249a7df0738b905541796e88aacbf1409 + +Jan 26th Squeeze, 1-100 split on 08/04/2021 + +CDRV + +https://preview.redd.it/woo5uyplppl71.png?width=1328&format=png&auto=webp&s=3e7ae62821a337fc64d63d0c978227197fb7076c + +&#x200B; + +Jan and Feb Squeeeeeeeeze, 1-100 split on 07/26/2021 + +https://preview.redd.it/fnwajsyvppl71.png?width=1312&format=png&auto=webp&s=9b03a841d55f2bd57ef3fab4ada0d882898dff0e + +Jinkies guyyys, this sure seems like what those kids call a "pattern". + +I don't think that Credit Suisse was buying back shorts, I think some other kinda fuckery is going on because these have the same pattern but erupt before Archegos fell. + +&#x200B; + +Well let's rewind and go back to that first one. MMEX. + +&#x200B; + +https://preview.redd.it/ri1x1nugdpl71.png?width=1299&format=png&auto=webp&s=c574145073276f1c95f153661c4242d5dda515e1 + +Here's some DD about MMEX: + +\------------------------------------------------------------ + +[https://www.reddit.com/r/pennystocks/comments/lqoq15/mmex\_stock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/pennystocks/comments/lqoq15/mmex_stock/?utm_source=share&utm_medium=web2x&context=3) + +*"Here’s an article from May 2017 talking about how MMEX is a shell company with no assets and “we do not currently have the cash resources to meet our operating commitments for the next 12 months” the company said.* + +*First line of article: ‘An Austin-based company that announced plans Tuesday to raise $450 million to build a new refinery in West Texas warned investors that it had a total of $3,335 of cash on hand and that it’s finances were shaky, according to its most recent public disclosures last year’* + +*‘It’s ability to continue as “an ongoing concern” was entirely dependent on its ability to raise capital from other investors, the company said at the time.’"* + +*"Of note, the company has a division named MMEX Solar Generation & Transmission. “We are generating and transmitting solar power to the Pecos Refining & Transport LLC 10,000 barre-per-day crude distillation unit.” Note the present tense. “We are...”. No, because the Pecos Refinery doesn’t exist. It was supposed to start construction in 2017. An press release February 8th 2021 by MMEX said they had selected finance companies for the project.* + +*Every photo I’ve seen of this is empty shrubland. Here’s an article with a photo of Jack talking to a congressman while standing in said land type while someone holds badly designed photos of the proposed project* + +[*https://www.mrt.com/business/oil/article/Hurd-reflects-on-lessons-from-time-in-office-15523234.php*](https://www.mrt.com/business/oil/article/Hurd-reflects-on-lessons-from-time-in-office-15523234.php) + +*Summary: if you invest in this company you are literally investing in nothing."* + +\------------------------------------------------------------ + +Lmao here's the picture he was talking about. It's so funny. Dude's literally in an empty field trying to convince investors to give him 450M for some crayons. + +&#x200B; + +[Someday Simba, this whole field will be yours. For 450 million dollars. It's a great deal. Get in on the ground floor, Simba. GET IN ON THE GROUND FLOOR!!!!](https://preview.redd.it/uwcf0v83upl71.jpg?width=1200&format=pjpg&auto=webp&s=35a57cb717f07561df0c6e6bf99c72cfc7417615) + +&#x200B; + +Take a look at this: + +[https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100139613&type=PDF&symbol=MMEX&companyName=MMEX+Resources+Corp&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2017-03-28&CK=1440799](https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100139613&type=PDF&symbol=MMEX&companyName=MMEX+Resources+Corp&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2017-03-28&CK=1440799) + +Before the squeeze they decided to break their shares into class A and B + +Class A shares at 1 vote per share. The class B ones had 10 votes per share. + +**"As of January 31, 2017, we had current assets of $82, comprised of cash, and current liabilities of $2,397,210, resulting in a working capital deficit and a total stockholders’ deficit of $2,397,128"** + +They were paying people in shares and making them feel special with the Class B shares that had extra rights. + +They went from 3 billion in shares to 10 billion when the underlying company had 82 fucking dollars in assets. + +What they up to now? + +They just released a statement: + +[https://mmexresources.com/press-release-media/mmex-resources-corp-advances-sites-for-hydrogen-and-clean-energy-projects-august-2021/](https://mmexresources.com/press-release-media/mmex-resources-corp-advances-sites-for-hydrogen-and-clean-energy-projects-august-2021/) + +**"has completed additional site acquisitions of 324 acres for its West Texas projects, bringing its total land ownership to 450 acres."** + +Lmaooo still they haven't done shit except buy land and make announcements. Press releases to dupe some investor into giving them hundreds of millions of dollars to buy more land and make more press releases with footers like: + +**The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, which could cause our actual results to differ materially from those described in the forward looking statements. These risks include but are not limited to the Company’s ability to continue as a going concern, our lack of revenues, general business conditions, the requirement to obtain significant financing to pursue our business plan, our history of operating losses and other risks detailed from time to time in the Company's SEC reports. In particular, readers should note MMEX undertakes no obligation to update forward-looking statements.** + +&#x200B; + +OKAY so what have we learned so far about MMEX? It's a company that does absolutely nothing but shady shit. + +And this company that does shady shit had it's stock squeeze in the exact pattern as the so called "Meme stocks" but in 2017. Which means this fuckery algorithm goes back further than we thought originally. How many others like this can we find? How much further back? 2015? 2010? the 90s? + +And it squeezed in February 2021. Just like the other OTC stockies. And just like those other stockies, it had a stock split recently. + +Why am I going so hard on the DD for MMEX specifically? + +Well to show that this company has absolutely no problem doing shady shit. And it's obviously connected to GME in some way based on the chart. I wanted to make the "shady shit" connection more than anything. Because up till now we've had legit reasons for things that just seem shady. + +Nah these dudes play pretty shady af, it's obvious. They have no assets, just a bunch of land and bullshit statements. It's the poster child for a shell corporation being used for money laundering. + +&#x200B; + +I'm starting to think maybe in my last post I overlooked something important. + +Remember Park Vida? + +It's almost the same situation as MMEX. + +They got land deals, proposed to do certain shit and just never did it. + +\------------------------------------------------------------ + +From Park Vida's FB: + +[https://m.facebook.com/parkvidadr](https://m.facebook.com/parkvidadr) + +*"ParkVida, located on the edge of a national park in the foothills of Pico Duarte (Dominican Republic's tallest peak),* ***is destined to become*** *the next best adventure eco resort. Imagine waking up in your own private bungalow nestled on the hillside, with vista's to die for. Soothe yourself into the laid back lifestyle with a spa or fill your day with activities ranging from downhill mountain biking, hiking, fishing and quad biking. Learn all about coffee growing, cooking delicious local food and learning a little about the culture and giving back to nature.* + + +***There will be plenty more, but you'll have to stay tuned in to find out what's happening as the development progresses...watch this space and we will keep posting updates.*** *"* + +\------------------------------------------------------------ + +&#x200B; + +I don't believe in coincidences. The fact that we have two examples of almost the same situation within a company where they bought land (so they say) and made big plans to do stuff, but never did it.. AND their charts correlate with GME... What if they were created for the sole purpose of being used in this scam? + +What if Shitadel and friends create fake shell corporations so it can get listed and be added to a pile of stocks they fuck around with? + +And that got me thinking.. What if they use VC firms to do shit like this too. Fund the company, put sleeper agents on the board, run the company to the ground, short the shit out of it, bankruptcy, never close shorts. Rinse and repeat. The initial seed investment would be nothing compared to the profit they would make if they let the stock run and short the shit out of it. **(*****Cough*** **Robinhood** ***Cough*****)** + +But that's a rabbit hole for another day. + +I really think these splits are important. + +Granted, Park Vida never had a stock split. But... Keep an eye on it. Maybe it will. If Park Vida randomly has a stock split in the next month or so, then that's further proof. But it's just one of many many many OTC zombie stocks that are following the same sort of pattern. + +And I don't have the time to look into every single company like this. So I would invite ya'll to try and dig up the dirt from this: [https://eoddata.com/splits.aspx](https://eoddata.com/splits.aspx) and make your own posts like this so we can expose more shady shit. + +&#x200B; + +Now that we got that out of the way... + +I feel a wrinkle forming, I just can't put my finger on it. There's a connection here. There has to be. + +Why the splits? What is so important about these damned splits? + +And what could it have to do with margin calls? + +&#x200B; + +Okay let's play it out in our heads. + +I'm a Hedge Fund. I've massively shorted Gamestop to the point where the entire economy is at risk. But more importantly, my ability to eat at fancy restaurants and do coke off hookers asses is at risk. + +My task is to do everything as shady as possible to keep being able to do coke off hookers asses. + +If I'm constantly at risk of being margin called... + +What do I need the most? + +I need..... I NEED LIQUIDITY. + +&#x200B; + +https://preview.redd.it/m31pc1bu4ql71.png?width=962&format=png&auto=webp&s=8ecb923c7c832333a44a6e67755099e2bb093f00 + +We know all the other shit they're doing. But what the fuck is the connection between the Zombies and Marge? + +[OTC Zombie Marge limited edition NFT coming soon to a GME marketplace near you lmao](https://preview.redd.it/ffi9msli5ql71.png?width=134&format=png&auto=webp&s=c69036b3ab66d9ac4fb32e4ba890375e7eade145) + +&#x200B; + +I neeeeeed liquidity. So what if I held long positions in some of these OTC zombie stockies in some way instead of a short. Through a swap or a Cayman Islands 1940 Investment Company Act fuckery so no one would know it's me. + +Would a stock split help me in some way? I would have a lot more shares. That's kinda cool. But they're all valued at the same price as they were before the split. So what's the point? + +What if I could lie about the value of these stocks. Could that help me? + +Oooh what if.. I could cause a stock split, giving me more shares and then somehow raise the value of the stocks by lying about them. AND lie about when I sold them too. + +Like GME for example, hypothetically what if somehow I could lie that I had 100 times the shares I have now, and also say I sold during the baby gamma squeeze in January. That would be sick, right? + +But it's impossible. The past is the past. What broker will allow that? And who would pay me? It would serve no other purpose except to... *look good on paper*. + +Well.. if I needed liquidity so super bad, and all I had to do was show on paper I have a bunch of money so I don't get margin called.. This might work. For one more day at least. + +But darn it, these stupid rules of the stock market prevent me from doing such a thing. + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_10\_62&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_10_62&rgn=div8) + +"§270.0-2 General requirements of papers and applications." + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_12a\_61&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_12a_61&rgn=div8) + +§270.2a-1 Valuation of portfolio securities in special cases. + +[https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270\_12a\_65&rgn=div8](https://www.ecfr.gov/cgi-bin/text-idx?SID=4712bf41ea737211b3f1efa65d0f2ef1&mc=true&node=se17.5.270_12a_65&rgn=div8) + +§270.2a-5 Fair value determination and readily available market quotations. + +But what if I were exempt from them? Wasn't there a big DD about being exempt from them not too long ago? + +Oh yeah there was: + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +Yeah theoretically if I were exempt from all these rules, I would be able to pull this off. + +Maybe not lying about when they sold them, that's just a random idea that I feel might have holes I have yet to think of, but definitely lying about the value of them. + +And that's my theory on one of the **many** reasons why the Zombies are coming back to life. + +Thank you for coming to my TED talk. Tip your waitresses. No seriously, this company called Citadel fucked up her life by shorting the company she works for. She's gonna lose her job. Tip the fucking waitress. + +*Disclaimer: I'm kind of an idiot, so idk if I'm right or wrong. But it seems to me that all of this is plausible. And it raises more questions and opens more paths of investigation. I could be SO totally way offffff about 99% of this. But 1% I'm right about sparks some thought into someone who goes and figures something else out. It's a trial and error process of finding patterns, speculating, and sharing.* + +**TL;DR ONE of the many reasons Citadel could be using some of the OTC Zombies is by lying about their value to have fake liquidity for the books with stock splits and rule exemptions to value at w/e they want and file what ever they want whenever they want.** +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.* +I am single, 37f, no kids. Every time I log in to Fidelity, I see a message saying that I am behind on saving for my retirement. I recently received a raise from 87k to 95k. I barely have 84k saved across all retirement accounts. How am I supposed to get to $285k saved in the next 3 years?! + +I feel so discouraged because I feel like I am behind on my savings goals. I recently changed my contributions from 5% to 11% but I still feel so far behind. What else can I be doing? I wasn't able to max out my 2021 Roth. I could only do 4k and while I hope to max out to 6k for 2022, there's only so much money to go around. + +Are these financial check ups from Fidelity accurate or am I bugging? + + +UPDATE: I wanted to provide more context to my situation. I did not starting saving for retirement until age 30. I did not start contributing to an IRA until 2021. The reason why I only contributed the minimum match (5%) for the last few years is because I was applying all available savings to my student loans. I have now saved $38k over the course of about 2.5 years so that when repayment begins I will be able to pay my student loans off in full. + +UPDATE 2: Thank you all for the many responses. I increased my 401k contributions to 17%! It's the best I can do for now. I feel a lot better about my financial outlook now that I have gained some much needed perspective. +HITIF High Tide up 33% on Friday and up another 30% in the first 20 minutes of trading today, this is one of my favorite stocks and I think it has a long way to run before it meets its full value + +HITIF is a market leader in the canadian cannabis industry with rock solid finances, a market cap of $255mill with sales up rapidly year on year from $8m in 2018 to $80m in 2020, a tenfold increase, and projected to be well over 120m in 2021, a healthy balance sheet with only 36m debt (source seekingalpha) + +The real asset to this company is the management, they just seem to have ambitious goals for this company and know exactly what to do to get it there, partnering up for licensing deals with many celebrities & brand icons such as Snoop Dogg, Trailer Park Boys, Cheech & Chong Guns N' Roses etc + +The management are aggressively growing the company organically and by acquisition, extending its large number of retail stores in the most lucrative locations in major population centres as well growing an ever expanding half a million online customers, all these efforts making it one of the largest cannabis companies in Canada, with a foot firmly planted in the lucrative US market, so far 23% of its revenue already coming from the US, its a steal at its current price in my opinion, lots of volume and interest in this stock the last couple of days so it is definitely about to lift off + +Always a positive sign - insiders and directors own around 22% of the company which demonstrates that they believe in the company and motivates them to continue to improve long term value + +APHA Aphria & Aurora Cannabis also seem to see solid potential in HITIF as they are both key industry investors in the company +In my opinion, recent global events have strengthened and reinforced the US's position as the leading economy in the world for the next 20 years. + +China has undermined its economic potential with its zero covid policy and has shown weakness in acting indecisive toward Russia. + +Russia, while never being a real threat economically in the last years, has shown that militarily its no match to the US and other NATO members. + +Europe and especially its largest economy Germany have shown that the dependence on Russian gas was a big mistake. +“She and her boyfriend, also a member of the FIRE movement, are working toward a FIRE number of at least $700,000. They believe if they invest that much, it will generate the $21,600 per year they need to live comfortably and cover their expenses. Their goal is to do it all within the next five years, which would allow DeSantis to retire at 32. + +DeSantis has been able to save nearly $90,000 between her various retirement accounts and liquid savings. In 2020, she says she was “able to save about 86%” of all her earnings. + +2 questions here + +-2 people living off 22k per year? Health insurance? + +-it’s says “retirement accounts” +Are they talking Roth IRA or 401k what’s to tap 32 yo? + +Idk, this seems to be another fluff piece from CNBC. Just seems impossible looking at their numbers +Finished watching The Office for the 3rd time and I think Dwight might be financially independent. + +Evidence of Income: + +He is the top salesman in his company, inherited and now owns/runs a 60 acre beet farm/B&B and inherited another 1600 acre farm from his Aunt Shirley when she passed, bought and operates the Scranton office park. + +Evidence of Frugality: + +Drives a 1986 TransAm during the entire shows run (2005-2013), wears cheap/presentable professional clothing, almost always packs his own lunch for work (and brings his own water), resourceful at home and work - digs his own ditches, slaughters his own meals. Was incredibly frugal managing the office park until Pam threatened to move: un-plied the toilet paper, put locks on the thermostats, added a revenue generating billboard. + +Has an F-U money mentality - resigned and went to work at Staples rather then having the office find out he was dating Angela. Curious that he didn't take any time-off if he had enough money, but was still willing to risk career for his moral stance + + +Evidence that he is not FI: + +Has some expensive hobbies - paintball, weaponry, karate. Doesn't have kids but most likely supports Mose financially + +Makes me think he was well on his way to FI if not there already. There must be countless other examples and some counter-examples. + +Edit: + +Dwight FI Quotes: + +“Nothing stresses me out. Except having to seek the approval of my inferiors.” + +“It’s a real shame because studies have shown that more information gets passed through water cooler gossip than through official memos. Which puts me at a disadvantage because I bring my own water to work.” + +“Would I ever leave this company? Look, I’m all about loyalty. In fact, I feel like part of what I’m being paid for here is my loyalty. But if there were somewhere else that valued loyalty more highly… I’m going wherever they value loyalty the most.” + +Channeling a MMM mentality? + +“The principle is sound. To avoid illness, expose yourself to germs, enabling your immune system to develop antibodies. I don’t know why everyone doesn’t do this… Maybe they have something against living forever.” + +“I signed up for Second Life about a year ago. Back then, my life was so great that I literally wanted a second one. Absolutely everything was the same…except I could fly.” + +Side-Hustles: + +“Now that I own the building I’m looking for new sources of revenue. And a daycare center? Muahahahahahahahaha…Well I guess it’s not an evil idea, it’s just a regular idea, but there’s no good laugh for a regular idea.” + + + +First off I would like to start off by saying that I had nothing to do with the hack. I was also entitled to every last bit that I gained, and taxes were of course paid. (Short version at the bottom) + +This is a pretty good story. So be patient, I'm not putting it out there to get anyone jealous . + +I started off with a my first crypto investment with ripple last March. + +Somewhere around August well after Ripple already mooned, I decided to cash out half my gains for a very nice profit. I also figured it would be a good idea to sell some off about $500 worth and toss it into a handful of low mcap shitcoins. Why not? Its all house money at this point. + +After browsing CMC, I discovered smart cash. The price was so low about half of a penny, and after doing some research, it seemed like a pretty good idea helping out 3rd world countries. + +I figured "what the hell " some of this shit might actually stick, and the website was very presentable . I also liked the experience since the team came from Dash. I spent about 50 or $60 and got 10,000 smart cash. There was also this Rewards program where if you held them in your wallet you would get 25% extra a month. + +I dumped it into my smart rewards wallet and pretty much forgot about it for a few months. Since that point I really didn't pay much attention to crypto at all. I was preparing to get married, I went on a honeymoon, my wife was pregnant yada yada. + +Also, my wife was telling me, **"you gonna lose all your money"** + +I said, **"um um NO NO NO!"** + +Anyway, here comes December rolling along, and I get a phone call from a friend frantic about how to buy ripple. That's another story. Lol + + After that I started checking out prices.., my ripples were up to 70 cents. Everything was mooning. That's when I noticed SmartCash peeping its head out on the 2nd page at about 20 cents. At this point I forgot how much i had. When I looked into my smart rewards wallet I was sitting with over 17k smartcash . +Everyday it kept climbing till it hit about 50 cents. + + I'm happy as shit at this point, in checking prices of my cryptos every 1hr on the 1hr. All my shitcoins are going up. *Euphoria*. + +However, a couple days later something strange happened with the smartcash price. + +It started tanking hard (this was before the total market crash occurred) it was down to 25 cents and falling. I knew something was weird, and I thought maybe something bad happened with the project. Maybe they got an order to shut down. Whatever the case was, I didnt have time to think rationally because Every 5 minutes it was losing pennies at time. I quickly sent everything to cryptopia because it was still at 25 cents each for LTC only. I wanted to get my profits asap. Can you blame me? lol. By the time the transaction approved it was already down to 17 cents each. Not even 30 minutes later. However I noticed Coin Exchange low volume they were still paired with DogeCoin at 48 cents each. So... Screw it, I sold 5k for 17cents each, and sent the remaining 12k to CoinEx. I got it there just in time. Although there was very low volume there was enough buy orders up to profit a total of 45 cents each. + + NICE... At this point all pairings tanked to about 9-10cents each. Screw it. I converted all doge back to BTC and bought 20k back for 9 cents each, and I still had about 3k in BTC. + +That's when I noticed smart was still selling for around 15 cents each on Cryptopia , and 18 cents each on HITBTC. I sent 5k to HitBTC, 10k to Cryptopia, and 5k back to my rewards wallet. + +Again, screw it, I was trying to make a quick profit. Prices were so unbalanced, I didn't know what the hell was going on. All I knew is that something bad happened and the coin is tanking. No time to think lol . + +That's when everything got Frozen and all my transactions were caught in limbo. Nothing was verified except for coin exchange telling me the transaction was complete. I did get my 5K smart cash to hitbtc. That was good. But I wasn't getting anything on my web wallet or Cryptopia for hrs. + +So naturally like everybody else would do I was looking for answers on Reddit, the website etc. +Turns out there was a coin hack, and the hacker minted millions of coins and was liquidating all of them on every exchange. That's what caused the price to tank so quickly. + +The developers ordered a Freeze of all transactions across every exchange, and burned the same amount of coins that were minted. Somewhere mixed in the announcements on discord the devs weren't taking the minted coins back due to being unfair for the people who bought them from the hacker. There main concern was fixing the hack, and getting everything updated. + +**Now to the exchanges** + +At this point Cryptopia, CoinEx, and HitBTC weren't continuing transactions until they updated their wallets, canceled all current transactions , and got issued the new coins by the SmartCash team in the amount they held, withdrew , etc etc for that entire day. I'm a little pissed because I'm out thousands of coins, and I have no clue when I'm getting them back , but not entirely, after all at least I have 3k in BTC for the $50 I spent lol, not to shabby. However, to all the people that bought in at the ATH and had pending transactions.. That sucks. My PW to my web wallet wasn't working, and the devs disabled all wallets until "further update". + + +Meanwhile, the 5k coins I had on HitBTC started to moon. They rose to over 3 bucks!. I knew something wasnt right. It was a mad house, so I sold all of them off for almost $15,000. idgaf after that. I was right, this whole situation was messed up. The only reason those mooned was because of extremely low volume, and it was the only exchanged that worked...noobs were pouring in buying up the supply. Hey, I'm now sitting with $18,000 in BTC . I really cant complain, however I would like my other 15k coins back, who wouldn't? + +This went on for about a week, and the devs mad an announcement that the web wallets have been updated, and we could now sign in. +I did exactly that. What did I find? The exact 17,328 coins I originally had sent to cryptopia to sell 5k, and send the 12k to CoinEx ????? + +Ok. i figured it was an honest mistake. Amid the mayhem the devs just wanted everyone to have their coins back . They rolled back transactions and everyone who withdrew got re-credited . + + After speaking to a few mods and other members, it was intentional. It was a lot easier for them to give everyone double what they had "if they withdrew within a certain time frame" then to sit through all this mess. It wasn't bad. We were only talking maybe a million extra coins in circulation compared to over a billion coins. + +Now I'm here sitting with $18k in BTC, and all my coins back, I'm happier than a pig in shit, but there was no place to sell these coins since no exchange had updated their wallets. These were "the new version of SmartCash coins " , lol jokes on me right? Not. It gets better. + +A couple more days pass, and CryptoBridge gets created. We were able to send coins there and sell them. I sold them for about $1.10 each. I now have over $35,000 in BTC. I also have an additional 15k SmartCash waiting for me after Cryptopia rebroadcasts their transactions. 2 more weeks go buy, and so does the total market crash from the ATH, its at the point where the market recovered back to 500 Billion from $294 billion. SmartCash is still selling for 70-80 cents on CryptoBridge when finally Cryptopia updated their wallets, and all transactions deposits/withdrawals were rebroadcasted. + +I sign on and what do I find? Not just my 10k SmartCash from the coin exchange deposit, I also find the original 17,328 I sent from my web wallet the day of the hack. Lmao. So not only do I hit $35 grand, I have way more SmartCash. +I sold all 27k of them on CryptoBridge for about $18000 over the course of 2 days. this wasn't a mistake. The team said in announcements about exchanges rebroadcasting, and I was told we would get double . When I asked why I was told "that's just how the exchanges work in this situation. We have to re-credit them all the new coins yada yada". When asked if I can keep these, they said yes, its not a problem " ok so the market dips again, and CoinEX finally gets back up and running. + +Yeah you guessed it. They rebroadcasted all transactions also. Yes, I ended up with another 5k in my webwallet, and 10K on Cryptopia. + +Yes, Cryptopia rebroadcasted all deposits, CoinEx rebroadcasted all withdrawals , and the web wallets also reset . That's how I ended up with a free $55,000. That of course got cashed out. I'm debt free now lol. Also my original 17k SmartCash is still back. I traded off half of them for alts, then donated the rest back to SmartCash. + +Crazy right? + +**EDIT:** *SHORT VERSION* + +- The price of SmartCash suddenly started tanking. + +- I panicked , and sent all 17,328 smart to Cryptopia to sell before it tanked further + +- I sold 5k for 17 cents, and sent the remaining 12k Smart to CoinEx because doge/smart was still $0.48 each at very low volume(lucky catch) + +- I sold 12k smart for about $5,000 in doge. + +- I converted $5000 doge to $5000 BTC + +- I purchased 20k Smart at about 9-10 cents each for $2000BTC + +- This left me with $3000 in BTC, and 20,000 Smart +