diff --git "a/reddit_finance_43_250k_333.txt" "b/reddit_finance_43_250k_333.txt"
new file mode 100644--- /dev/null
+++ "b/reddit_finance_43_250k_333.txt"
@@ -0,0 +1,10000 @@
+
+Now what the hell happens if that debt goes away?...... What if GME pays off its debt early? Who loses?
+
+Anybody who was betting on Gamestop defaulting on the debt loses. The synthetic CDS's that were taken out by BofA on Gamestop's corporate debt would effectively evaporate, meaning that they paid $5M per CDS contract, per year. 
+
+And if you are overleveraged in this larger, more thermonuclear,  opaque area of the market by, I don't know 200:1? (looking at you, BofA) You just lost a hell of a lot of money, I'm talking many 10s if not hundreds of billions in unrealized losses and you continue to bleed that $5million x #contracts per year. Multiply this by 20 or so big banks, all making 50 - 200:1 overleveraged synthetic CDS bets against Gamestop, The money at risk for GME alone could be Trillions of dollars.
+
+Some of the questions I'm looking for.
+
+1. Who would be on the other side of the CDS? Blackrock? Is that why Blackrock put RC into the chairman position, bought 9m shares and let it run? BR did say that they are sitting on more cash then they have in years and have been rapidly buying properties to hedge for inflation.
+
+2. Does the timeline of defaults (Archegos, etc) match with GME financial statements on when they paid off their debt.
+
+3. What the hell does a CDS look like on a balance sheet? Do the runups and debt payoffs correlate with all the big banks starting to lose a bunch of money.
+
+4. Do CDS's just disappear when the underlying gets paid off early? Is it the same for synthetic CDS's
+
+5. How do the quarterly derivative rollover dates affect this (u/Criand)
+
+Unfortunately I'm too busy writing my Ph.D. Dissertation to really dig deep into a lot of this. Hoping some wrinklebrains with a bit more time can help to answer these.
+
+**TLDR:** Thanks to Burry and Friends, I'm starting to think that naked shorting is only a tool to help push companies to bankruptcy where the real payday is not in the equities market but in the Corporate bond debt credit default swaps. These markets are much less regulated, are worth almost a quadrillion dollars and CDS's can be used effectively as a MASSIVE put on a company while using your smaller fish (Shitadel and friends) to short GME in hopes of making that debt default come true.
+
+I'm starting to believe the DTCC, Citadel, NSCC may not be the big players here and that the massively overleveraged Big banks have been taking out enormous synthetic CDS positions on Gamestop (and other companies in the past) in the hopes that they default on their debt.  I need help looking into this. For example, who has owned Gamestop's debt at what time and when? Timeline of the runups with derivatives rollovers, and debt payoffs. (u/Criand) Anything else we can scrape from the ridiculously opaque derivatives market regarding over leveraging and using synthetic CDS's to bet on a company going bankrupt.
+
+Edit: This may be what Burry was saying about corporate bonds. Once again a tool used to hedge risks is being used to make naked bets against companies. (Also edited for clarity and added a few questions at end)
+
+That is all. Buy and Hodl.🚀
+How much downside is really left in the NASDAQ tech index at this point?
+
+QQQ is down 33% YTD and similar amount versus the all time highs at ~$404
+
+Another 15% drop to ~$230 would mean a 45% decline from ATH despite a strong economy and good fundamentals for the constituent companies in the index.
+
+Such a fall would represent a greater bust than the GFC (-40% in QQQ) without any crisis to speak of and much stronger fundamentals. Yet this 10-15%+ downside is exactly what many market analysts and consensus forecasters point to in terms of valuations going forward.
+
+Is it just me or does something not equate here? Was the market just unprecedentedly over valued at the beginning of 2022?
+https://www.bloombergquint.com/business/tesla-shorts-sellers-lost-38-billion-in-2020-as-stock-surged
+
+With shares up 730%, Tesla bears have seen more than $38 billion in mark-to-market losses this year, according to data from S3 Partners. By comparison, the next-biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows.
+
+Many of Tesla’s short sellers have closed out their positions over the course of 2020, with short interest falling to 6% of the float from nearly 20% a year ago, according to S3 data.
+
+The next potential catalyst comes in early January, when Tesla reports fourth-quarter vehicle production and delivery figures. Tesla expects to deliver half a million cars in 2020, a huge milestone for a company that initially struggled to mass-produce its Model 3 and is now building additional factories in Berlin and Austin, Texas.
+
+Thanks for the award.
+last 2 or 3 days all news items have been about the impending shrinking of the economy etc etc, yet the indices have been relatively stable. things don't seem to add up.
+After the Yes Bank and PMC Bank's fiasco, I am worried about the health of the banks I deal with. What are the crucial metrics that should be tracked for a bank to gauge it's health? Is there a place in the internet where this data could be readily accessible? It's hard for an average Rahul like me to calculate all the ratios for multiple banks every quarter and still get something wrong. 
+
+Right now a big chunk of my savings is in IDFC and IndusInd because they offer better interest rates. I don't want this greed of an interest rate to come back and bite me in future. Hence, trying to be smart about it.
+The LifeLine project is only a few days old and the public response is already incredibly humbling. By searching for ways to use cryptocurrency to save children's lives, they have found a cause which truly inspires everyone who comes across it. Even though they are still in the very early stages of development, the community is already a place where people who have felt the impacts of pediatric cancer can find support and understanding. The team clearly cares deeply about each and every community member, and holds space for them so they can safely celebrate their successes or grieve their losses. For these reasons and more, it's easy for investors to see how much thought and dedication went into LLT.
+
+LifeLine's story began with a very relatable event in the cryptoworld. Some of the current team were involved with a project called $SLOW. It seemed like one of those rare ventures that doesn't come around every day, and they said they were going to be an opportunity unlike any other. But over time, $SLOW started showing a pattern of red flags and broken promises which were impossible for the future LLT team to ignore. Then, one day, the developers simply abandoned not only the project, but the entire community which had rallied behind their cause. The investors were hurt and betrayed. However, instead of just accepting that they were no longer part of something bigger than themselves, they decided to move forward with a new project, one that would accomplish far more than $SLOW ever could. The team discussed their lives, their values, and what changes they wanted to see in the world, and they quickly agreed on the core concepts of LLT. Then, when Lucas, a fellow community member, made the decision to step forward as a leader, Lifeline was born.
+
+LLT is the real deal. They are obviously pouring their hearts and souls into this, and the amount of new progress they make every day is inspiring. It's not one of these memecoins with nothing substantial behind it, it's a way anyone can help save children's lives. With an official audit and an AMA coming up soon, this crypto really is a no brainer.
+
+You can check out LifeLine here: [Lifelinetoken.com](https://lifelinetoken.com/)
+
+Telegram: [https://t.me/LifeLineToken](https://t.me/LifeLineToken)
+
+AMA details: [https://twitter.com/LifelineToken/status/1377695567233622016](https://twitter.com/LifelineToken/status/1377695567233622016)
+
+Contract Address: [https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2)
+
+Liquidity Burn: [https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82](https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82)
+
+Chart: [https://poocoin.app/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://poocoin.app/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2)
+
+Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2)
+I missed last year's incredible bull run in a lot of tech. I played the options market more and held cash. Now I'm looking for decent value holds. AMD's most recent earnings blowout has me pretty exciting that they're living up to the hype. As far as I can see their P/E was basically cut in half after their report last week. That, plus the fact that their stock has been dropping ever since makes me think this is an excellent dip to buy. 
+
+Any thoughts or comments are appreciated. Just wanna discuss what everyone else thinks.
+due to family circumstances, I will be travelling from SFO to Chicago and back once a month for the next few years. I want to make the most of this. I don’t fully understand airline points etc but figured there must be some opportunity to make money or save money here. thoughts?
+I saw the excellent post by /u/karlos-the-jackal and wanted to build on this further, this now includes the October price cap rate of 34p/kwh and I've added some more data to this from around the home.
+
+I have converted this to a Google Sheet which can be customised with your own electricity kwh pricing and your own devices if you want to add to this. To do this just make a copy then you can edit the Electricity Price tab with your current electricity kwh pricing to see the difference this will make to you.
+
+The table below shows cost on Octopus Go tariff (15p/kwh) vs the October 1st price cap tariff (34p/kwh).
+
+ 
+
+|Device|Consumption (W)|Annual cost (£)|Oct Cap Annual Cost (£)|
+|:-----------|------------:|------------:|------------:|
+**Kitchen**|
+Washing Machine Statesman XD0806W|0.1|£0.13|£0.30
+Whirlpool washing machine (c.2005) – off|0.1|£0.13|£0.30
+Washing machine – on but not running|1.1|£1.45|£3.28
+Dishwasher Bosch SMV46MX00G/51|0.1|£0.13|£0.30
+Zanussi dishwasher c.30 years old|0.1|£0.13|£0.30
+Dishwasher left on but not running|0.9|£1.18|£2.68
+MeacoFan 1056|0.7|£0.85|£1.94
+Meaco 25L Ultra Low Energy Dehumidifier|0.1|£0.13|£0.30
+LG American Fridge Freezer GSJ761PZXV|47.8|£62.85|£142.46
+Microwave oven Matsui brand (~25 yrs old)|6.1|£8.02|£18.17
+Sage Oracle Coffee Machine|0.1|£0.13|£0.30
+KitchenAid Mixer|0.1|£0.13|£0.30
+Eufy Robot Vacuum RoboVac 11|0.6|£0.79|£1.79
+Smart Meter|0.7|£0.92|£2.08
+**Living Room**|
+Virgin Media Hub3|12.1|£15.90|£36.04
+Virgin V6 TV Box|5.8|£7.62|£17.27
+Sky Q STB – standby|11.0|£14.45|£32.76
+Sky Q STB – recording while in standby|13.8|£18.13|£41.10
+Sky Q Mini box|9.1|£11.96|£27.10
+Sky Q broadband router|7.2|£9.46|£21.44
+LG home theatre c.2010|0.1|£0.13|£0.30
+Denon AVR-X4400H AV Receiver|9.1|£11.96|£27.10
+PS5|0.1|£0.13|£0.30
+Xbox Series X|0.1|£0.13|£0.30
+LG C1 OLED TV (2021)|0.2|£0.26|£0.60
+LG C8 OLED TV (2018)|0.1|£0.13|£0.30
+LG 39in TV (2014 model)|0.1|£0.13|£0.30
+Govee WiFi LED TV Backlights|3.5|£4.60|£10.42
+Logitech Harmony Hub|1.7|£2.23|£5.06
+Nvidia Shield Pro 2019|1.8|£2.37|£5.36
+Amazon FireTV stick (2nd gen)|1.5|£1.97|£4.47
+Panasonic House Phone|3.2|£4.20|£9.53
+**Smart Devices**|
+Google Home|2.3|£3.02|£6.85
+Google Nest Audio|1.9|£2.43|£5.51
+Google Nest Mini|1.7|£2.17|£4.91
+Google Nest Hub|2.1|£2.76|£6.25
+Amazon Echo (2nd Gen)|1.9|£2.50|£5.66
+Bluetooth BLE USB Receiver|0.5|£0.66|£1.49
+Nanoleaf Shapes 18 Panel|5.9|£7.69|£17.42
+Nanoleaf Canvas 17 Panel|6.6|£8.67|£19.66
+Hue Lightstrip Plus|0.1|£0.13|£0.30
+Hue Hub|1.7|£2.23|£5.06
+Hive Hub|1.9|£2.50|£5.66
+Ikea Hub|1.2|£1.58|£3.57
+Peloton Bike+|0.1|£0.13|£0.30
+**Cameras**|
+Hikvision Camera 4K (PoE)|4.5|£5.91|£13.40
+Hikvision Camera 2K (PoE)|3.4|£4.47|£10.13
+Canary Security Camera|3.7|£4.86|£11.02
+Neos Security Camera|2.0|£2.63|£5.96
+**Office**|
+Router Protectli Vault FW6B|8.3|£10.91|£24.72
+Switch ICX 6450-48P Switch (No POE Devices)|55.5|£72.93|£165.30
+Switch Netgear GS308v3|1.5|£1.97|£4.47
+Switch Netgear GS308P|6.9|£9.07|£20.55
+Netgear 5 port gigabit switch|1.4|£1.84|£4.17
+Ubiquiti UniFi AP AC LR Wifi (PoE)|4.6|£6.04|£13.70
+BT Openreach Modem Huawei MT992 G.Fast|4.0|£5.26|£11.91
+HP Microserver Gen8 (1265L - 16GB - 4xHDD)|78.0|£102.49|£232.32
+Mac Mini M1|0.1|£0.13|£0.30
+Desktop PC|1.2|£1.58|£3.57
+Qnix 27” monitor|0.5|£0.66|£1.49
+Brother colour laser printer|1.6|£2.10|£4.77
+HP OfficeJet Pro 7740 Printer|6.6|£8.67|£19.66
+AmazonBasics Shredder|0.5|£0.66|£1.49
+Motorola phone charger (2020)|0.1|£0.13|£0.30
+Apple phone charger|0.1|£0.13|£0.30
+Dell laptop charger (recent model)|0.1|£0.13|£0.30
+Apple laptop charger (knockoff)|0.3|£0.39|£0.89
+**Bedroom**|
+Bedside alarm clock/radio|0.8|£1.05|£2.38
+Ambi Pur plug-in air freshener|2.1|£2.76|£6.25
+
+ 
+
+Sheet available here: https://docs.google.com/spreadsheets/d/1y-vsASqGJ7PEU6b1Tq5eZs6d0s64ORsRnN9wxaBPNF8/edit?usp=sharing
+
+You can find the original post here: https://www.reddit.com/r/UKPersonalFinance/comments/wkxng0/energy_cost_of_devices_on_standby_in_my_home/
+
+Original Conclusions:
+
+Contrary to belief, leaving a phone charger plugged in will not end up killing penguins in Antarctica. Most modern switch-mode power supplies draw a negligible amount of power when not doing anything. Not listed here are the other power supply adapters I tested which gave mostly similar results apart from the knockoff Apple charger. The only adapters that do tend to draw a few watts are ones that contain a transformer, you can usually tell these as they are significantly heavier than others.
+
+It's worth checking your older appliances, for me the microwave was an eye-opener, I'm paying £16 (soon ~£27) a year just to have the thing display "00:00" at me all the time. It's now switched off at the wall when not in use.
+
+Sky TV is expensive as it is, but is made even more expensive by the high power consumption of their set-top boxes. I suspected the Q mini box was bad because of how warm it got while in standby, but I didn't expect over 9 watts when it's sitting there doing absolutely nothing. Both boxes are in 'eco' mode.
+
+I'm considering having my ~~broadband router and~~ ethernet switch on a timer. A timer costs around £7 and would pay for itself in just over a month if it switched them off for 8 hours a day. I may also do this with the sky boxes.
+N.B. Turning off your broadband router is not recommended as this may cause lower speed negotiation if frequent outages are seen on the line.
+
+Plug-in air fresheners should be banned. Not because of the (admittedly fairly low) power consumption, just because they stink. I do throw them away but they mysteriously keep reappearing.
+
+Nanoleaf's are really inefficient when on standby - they use about half the power of when they are running, the transformer is warm to the touch so they will definitely be turned off at the plug since they are off 90% of the time.
+Apologies if this isn't the most ideal sub to post on but the ausjobs one is quite dead. 
+
+Is anyone here in a role that has said that they can work from home permanently? My role is in IT which can function 100% WFH and often is more efficient than being in an office. The problem is that my organisation is saying that they are wanting to bring back staff in a hybrid setting from 2022. I've told my boss that I'd prefer to work from home 100% of the time and although he agrees, he mentioned he doesn't have the final say. Naturally, I've begun looking at WFH jobs out there especially on Seek, and notice that most job listings say they offer WFH flexibility, I haven't seen a single job that says 100% WFH or permanent work from home. 
+
+How can I find these jobs, I think office 9-5 is dead and WFH has proven to be better for all so would like to find jobs that meet my criteria going forward.
+
+edit: why is this flaired as property!?
+I'm looking to backtest some low-latency trading strategies in US Equities.  I would like to get the bid, ask, bidsize and asksize at each exchange with at least a 100 microsecond resolution.  I would prefer this to be data timestamped from the exchanges themselves rather than timestamped by how a SIP feed sees the incoming data.  I don't need depth of book now, just high precision data for the top of the book.  Would greatly appreciate any leads
+I am not american but I ended up in an american ER on july 2nd after I had a medical emergency during a vacation in the USA, I was asked for all my info and to pay 100 as "good faith" to prove I'd pay since my insurance didn't go through, I was also told my bill would likely be only around 100 more since it was only a short visit that did not requiere any medical tools or rooms, I was only there for tooth pain so they simply looked at my tooth and gave an antibiotic.  
+I gave them my address and specified several times it was in a different country, I was also asked for my hotel address but was told they would be able to send the bill to my real address.  
+I never got the bill and called them but was told it wasn't ready yet and to keep waiting, finally 2 weeks ago I was able to use the online payment portal and I saw a 800 dollar bill, as advised I called to ask for an itemized statement sent to my email, I was also told that they didn't save my real address and they had sent the bill to the hotel hence why I never got it but whatever, good thing is they got my email right.  
+Well, I never got the itemized statement sent to my email either so I said fuck it ill just pay it but it now says my pending balance is $0.00, is this normal? Was it send to collections despite it only being 2 weeks after I was able to see the balance due?
+So I decided to ask every time I buy something on a small business whether they accept Bitcoin or not. I thought it would raise awareness on the new technology, but I am starting to believe that I am just being a fucking annoying person. Thoughts?
+Reposting from /r/leanfire, hat tip to /u/plutocrap
+
+For a long-term retirement savings plan, an HSA is worthwhile to take advantage of if allowed by your health insurance plan. Fidelity is now offering a no quarterly fee HSA with no minimum. I think most all other HSA providers charge a quarterly fee or require you to keep a few thousand dollars of the account in a liquid cash account side (that pays 0.1%) before you can invest any additional money of the account into mutuals funds:
+
+https://www.fidelity.com/go/hsa/why-hsa
+
+I will probably open an account with them and stop adding to my employer sponsored HSA plan. Other than the tax free aspect of it allowing you pay medical bills, and possibly health insurance premiums down the road, it is a good vehicle to place investments that are not subject to a required minimum withdrawal after age 70.5 . For those of you who are in your 20's, 30's, etc. , you stand a good chance of living into your 90's statistically, and maybe past. Having investments that can compound for 60 years, with an initial tax deductible boost, is pretty good.
+[**https://www.yishizuo.com/gamestops-moral-mandate-go-big-or-go-home/**](https://www.yishizuo.com/gamestops-moral-mandate-go-big-or-go-home/)
+
+GameStop’s Moral Mandate – Go Big or Go Home
+
+GameStop can become the physical gateway to various virtual worlds. And this is a TRILLION-dollar opportunity.
+
+As insane as the GameStop story has been, I think there could be long-term value here.
+
+This is my strategic vision for unlocking that long-term value, written as if I were on the management team.
+
+Choose the right battle
+
+Over the decades, GameStop built our competitive advantage around economies of scale and distribution. However, distribution is no longer our core advantage when the product can be delivered instantly to people’s living rooms by the manufacturer.
+
+Over time, more users will go digital-only. And the video game publishers and the platform companies will own that in-home customer relationship.
+
+Simply put: our traditional business model is unviable over the long-run.
+
+And that is okay! Let the different publishers and various platforms compete against each other. Take-home distribution is an ultimately unwinnable battle that we do not need to fight.
+
+Let’s choose to fight somewhere where GameStop has a unique, unfair advantage: physical, social discovery.
+
+Focus on physical, social discovery
+
+People like playing with new toys. We also like socializing in person.
+
+Even better, we love socializing while enjoying new experiences.
+
+There is enormous value in becoming the go-to place where people discover and experience new video games in a social setting. This is where we should focus.
+
+No one else has GameStop’s brand, and our name recognition has increased considerably given current events. Our customer and partner relationships are valuable. We understand the combination of games, gamers, and commercial real estate better than anyone else.
+
+[5 million people](https://news.gamestop.com/static-files/9d2139e1-31c7-498f-ad95-63db1e6d085a) already pay us a [$15 annual subscription fee](https://www.gamestop.com/poweruprewards/) for our PowerUp Rewards product. Let’s ramp that up. Let’s add more value to the customer that allows us to charge higher membership fees.
+
+We should expand our live events. The world has awakened to the [popularity of Esports](https://influencermarketinghub.com/growth-of-esports-stats/). GameStop can be a social club where amateurs mingle with celebrity gamers and everyone in between.
+
+We can sell sponsorships, license data, charge customers to play or watch, and more.
+
+The best part is, this approach is inherently future-proof. It works with EVERY kind of video game — even the free-to-play ones and the mobile ones. And why stop at video games? What about board games, virtual reality, and any current & future type of play?
+
+No one is doing this – because it is hard. But if anyone is going to try, GameStop has the best chance to succeed. There is no contender with a better market position. We already have all the resources required, and we just need to capitalize on it.
+
+What GameStop could become: a connector of Metaverses
+
+Gaming is a $150 billion industry [growing rapidly at 12.9%, more than 4x global GDP](https://www.grandviewresearch.com/industry-analysis/video-game-market#:~:text=The%20global%20video%20game%20market,12.9%25%20from%202020%20to%202027.). Today, the big winners in this industry have been software — centered around social interactions and / or discovery such as Twitch [($15 billion](https://www.cnbc.com/2020/06/16/amazon-media-assets-worth-500-billion-almost-as-much-as-aws-needham.html#:~:text=To%20get%20to%20%24500%20billion,says%2C%20is%20worth%20%24127%20billion.) current valuation), Discord ([$7 billion](https://techcrunch.com/2020/12/17/filing-discord-is-raising-up-to-140m-at-a-valuation-of-up-to-7b/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAINIkOQGNwQCW6iGBZkRYB7drBHHa241hPd0P6Fe3ajkuMHP6OPtZYZHvVh7aDQazYd-y9Kk5bFipeSHkmKauKYkzzmrQw2wNWYJY5Ac2wu4Y4GetszHbTz2hkZVmr87MV4QrNIP192uK4qR4nic8EMg7sC84yjcxhG-Ef9C1FOD)), Steam ([$10 billion](https://www.bloomberg.com/billionaires/profiles/gabe-newell/#:~:text=Net%20Worth%20Summary,-Cash&text=Steam%20can%20support%20millions%20of,based%20analyst%20at%20Wedbush%20Securities.)), Fortnite ([$17 billion](https://www.cnbc.com/2020/08/06/fortnite-creator-epic-games-is-now-valued-at-17point3-billion.html#:~:text=Epic%20Games%2C%20the%20video%20game,a%20%241.78%20billion%20funding%20deal.)), and Roblox ([$30 billion](https://techcrunch.com/2021/01/07/robloxs-raises-at-29-5-billion-valuation-as-it-readies-for-direct-listing/))
+
+There is a term in the gaming ecosystem called the [Metaverse](https://www.matthewball.vc/all/themetaverse). It’s a grander way of saying “virtual universe”. If the Metaverse framework is accurate, it implies that some of these gaming platforms can be worth trillions. After all, [global GDP is approaching $100 trillion](https://loupventures.com/the-metaverse-explained-part-3-economics/#caption-attachment-6993:~:text=As%20gross%20world%20product%20(GWP)%20approaches%20%24100%20trillion%2C). It doesn’t require a big leap to imagine the world spending 1-2% of our time & money in the Metaverse.
+
+Players need to enter the Metaverse from somewhere in the real, physical world. Yes, they will often do so from home, but if I am right about human nature, they will also do it occasionally in a public, social setting.
+
+GameStop can become the public, social entry point to various Metaverses. We can become the physical real-world location where these virtual worlds converge — the super-connective tissue that allows users to discover and travel across these Metaverses.
+
+In short: our company can be a connector of worlds. What an opportunity!
+
+So what should we do next?
+
+First, the obvious step: sell equity and raise some cash.
+
+Our stock is at an all-time high. Let’s pull an Elon Musk, increase our share count by 5% and raise a few hundred million dollars. This would have been hard to do before. At this valuation, our investors (and regulators) need a story they can believe — a vision for conquering the world, and now we have just that.
+
+Let’s use a chunk of any money raised for daring experiments. We can crowdsource ideas. And true to our brand identity, let’s turn this process into a game. We’ll reward people for the best ideas and generate virality.
+
+Out of all the suggestions we receive, we can choose the best ideas that will help us realize our Metaverse ambitions. And let’s run several experiments, concurrently but separately.
+
+We can recruit entrepreneurial leaders. Let’s give each leader a small budget and set milestones. We’ll incentivize them properly. If they hit their milestones, they unlock more capital.
+
+Our moral mandate: go big or go home
+
+We have the world’s attention. Millions of people just bought GameStop stock for the first time — including [half of all Robinhood users.](https://twitter.com/motherboard/status/1354798244455395328?s=20)
+
+My hunch is that a good chunk of those people bought our stock because they want to feel like they are a part of something bigger.
+
+Anecdotally, I have several friends, normal working professionals — who bought a few shares of GameStop just for fun. And I think, “Good for them — life should be fun!”
+
+Let’s turn all of our newfound shareholders into recurring customers. Let’s create a referral program, solicit their feedback, and build a relationship.
+
+No one has ever tried to convert shareholders into customers at this scale. Because no one has ever had the chance.
+
+We weren’t in a position to make big, risky bets before. But this is a once in a lifetime opportunity. And in truth, we have little to lose. The alternative is to follow the path of JCPenney, Sears, and Blockbuster.
+
+Finally, we do answer to our shareholders — even if they are anonymous Redditors, they deserve our attention and respect. Our current financial system restricts the average Joe from making small investments in venture capital funds. And I wonder, “Should that really be the case?”.
+
+Let’s give the people what they want.
+
+From now on, we should think of GameStop as a $20 billion, publicly-traded venture capital fund focused solely on the gaming sector. At this valuation, we have a moral mandate from our limited partners to shoot for the Metaverse. So let’s go big or go home!
+> Kelli Durkin, Senior Vice President of Customer Care – Ms. Durkin, who previously served as Chewy’s Vice President of Customer Service, has a start date of March 1, 2021. She helped establish the world-class customer service operation that positioned Chewy to achieve a Net Promoter Score of 86 in 2018. In her new role, Ms. Durkin will oversee all customer service and engagement initiatives at GameStop. 
+
+https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-chief-technology-officer
+
+I’ve been super stoked about Mama Kelli’s start, I think we can start expecting some substantial moves in GameStop’s org structure with Mama Kelli at the helm. Every customer is gonna feel so serviced even boomer Sherman can get a chub.
+
+> Josh Krueger, Vice President of Fulfillment – Mr. Krueger, who previously held senior fulfillment roles at Amazon, Walmart, and QVC, has a start date of March 1, 2021. In his new role, Mr. Krueger will oversee the management of e-commerce fulfillment centers.
+
+Josh joined too, hopefully they can actually keep the graphics cards in stock
+
+Edit: to the anonymous retard that gave me like 25 rewards - thanks. And you’re also retarded for not spending that on stonks
+Hi Friends,
+
+My Stock Portfolio has been consistently outperforming the S&P 500 index by 3x, for the past 5 years.
+
+**75% of my portfolio is made up of these 15 stocks**:
+
+AMZN, GOOGL, SQ, FB, WM, HD, BABA, 
+
+FISV, MSFT, V, PYPL, CHGG, BIDU, TCEHY, IQ
+
+**[Here Is My Pie-Chart Stock Portfolio Diversity](https://i.imgur.com/HyjqZeA.png)**.
+
+Please let me know what you think!
+
+I hope this helps you strengthen your own portfolio, and I wish you all the best!
+
+**Edit 1**: I'm going to sleep now, but I'll check back tomorrow. You're welcome to keep asking questions, and I hope you have a great rest of your night!
+
+**Edit 2**: I bought into AAPL & WMT on August 31st, 2020, after Apple's 4:1 split & Walmart's attempt to buy TikTok (with Microsoft). Both companies occupy 1% of my portfolio each, and are included in the Green Section of my 25% total equity.
+
+**[Here Is My UPDATED Pie-Chart Stock Portfolio Diversity](https://i.imgur.com/AxYwXt7.png)**
+
+*BONUS: [Here Is A Pie-Chart With My Portfolio By "TYPE"](https://i.imgur.com/SD1Cs6k.png)*
+
+**Edit 3**: I decided to up my stake in AliBaba (before Ant Financial's IPO, w/22% retained ownership), and in Amazon (before Q3 earnings & 2nd "Pandemic Wave") on October 27th, 2020.
+
+**[Here Is My UPDATED Pie-Chart Stock Portfolio Diversity](https://i.imgur.com/fWLeEHt.png)**
+
+*BONUS: [Here Is A Pie-Chart With My Portfolio By "TYPE"](https://i.imgur.com/a7zxDX6.png)*
+If you have an option lets say $10 strike 3/25 and it goes from $9 to $10 on the very first day do you generally like to sell and pocket your gains immediately or see if it goes higher. Is there a certain percentage increase that is a sweet spot you will sell at no matter what? Or does it depend more on your understanding of the stock and the company behind it?
+[Original post here](https://www.reddit.com/r/personalfinance/comments/51qbc5/i_dont_know_what_to_do_anymore/?st=IWSJL9NH&sh=b83a6b11)
+
+
+Hi r/personalfinance! I wanted to update everyone on my situation and take time to thank everyone who helped us get to where we are now. 
+
+I sat my husband down and had a long talk with him about how his spending was out of control and unacceptable. He agreed and started taking classes at the VA for stress management. This helped tremendously! They taught him not to use money as a coping mechanism.
+
+I made a compromise with him on the video games: instead of him spending $200 every month on the next new game, we paid for a Gamefly subscription and now he can play as many games as he wants and I'm only paying around $10 a month. He stopped spending frivolously and has started working as much as possible. 
+
+We are current on rent for the second month in a row and all bills are paid up! We have been able buy groceries every paycheck without worrying and we even had enough this check to get some gifts and decorations for Christmas. 
+
+We have a very strict spending rule: no charges to the card over $20 without checking in. We each get $20 each paycheck to buy whatever we want.
+
+Things are awesome now, thanks to all of your advice! 
+I have heard a lot of new apartments are badly constructed with paper thin walls and bad ventilation. 
+
+So my question is: when thinking of an offer, what must you check beforehand?
+Fortune Favours the Bold, and CDC is the boldest barbecue sauce at the cookout. 
+
+Google “crypto”, and you’ll see that Crypto.com is the ONLY exchange listed on the first page. 
+
+Do you think they’ll have the capacity to absorb some of the less popular exchanges? 
+
+With a total supply of 30.3B, will CRO eventually reach a market cap of 1T (an approximate 33x from here)? 
+
+Much to think about with CDC, but they’re certainly on the right track. It’s hard to come up with many CONS of hodling CRO, I’d love to hear some reasons as to why you’re choosing NOT to buy in.
+I've recently started a new job which pays 25% more than my previous job. I had been on my previous salary for nearly 4 years, so this jump after years of being stuck on the same amount (increased only by about 3k over that time despite job changes) has got me wanting to spend more money. 
+
+Would love to hear any tips you have.
+Hi all,
+
+I was involved in a rather bad car accident a few weeks back and have just been told that my car is a structural write off and the insurance company wants to pay me out. The situation was I was sitting at the lights and the driver behind due to a medical event rear-ended my car and completely smashed the rear in. It's all been documented by the police and I'm by no means at fault.
+
+The thing is the offer that they've given me is about $5k less than what the car is worth (Toyota Camry) especially with how pricey used cars have become at the moment.
+
+-----
+
+**Make**: 2012 Toyota Corolla Ascent Sport Auto with 97,000km
+
+**Assessors Quote**: $7,200
+
+**[Redbook and Market price](https://i.imgur.com/eouLmAL.png):** $12,000-$13,000. Possibly even higher with this market! 
+
+-----
+
+I feel really quite pushed around and I'm being actively pressured to accept but it just seems so wrong that I'm footing the bill for a $5k loss on a Toyota Camry that is still relatively new and that I know I'm going to have a tough time to replace. My insurance provider is Bingle and they've been super unhelpful and been quite rude when I've questioned the value being insufficient.
+
+This is really quite distressing because I was not expecting to spend this kind of money and $5k is a lot for me. Especially when I wasn't at fault. Do I have any rights whatsoever? What can I do if I don't agree with the price here? 
+
+Thanks so much if anyone can help me out, it is so enormously appreciated!
+
+EDIT: The assessor just called and said he's transferring $7200. He doesn't care if we're accepting that price or not, if we're not taking back the car that's what he's sending to us. What if I wanted to negotiate??
+
+###**UPDATE:**
+
+https://www.reddit.com/r/AusFinance/comments/mcjzqh/update_car_accident_and_my_car_was_written_off/?
+
+I was able to get $12k out of Bingle instead of the original $7k. I sent in a strongly worded letter threatening to take them to the ombudsman and spent all of 20 minutes finding examples on Cars Guide and other sources showing their price was inadequate. All of 2 hours of prep, 1 week of delay spent has netted $5k. Thanks everyone for the great feedback!
+ I called a company that done some work for me to confirm the account details on the bill, person on the other end was really confused why I want to confirm bank details when they are on the bill.
+
+I Explained that your bill could have been hijacked during email and details changed with random ones.  All I got was a laugh, and a yeah right....... 
+
+With the amount of scams going on in the world, and running a business you would think people would be more up to date on whats happening and how it can affect your business, maybe I'm reading too much into it
+I am currently using plus500 to invest but not liking the experience and i am looking to buy alot of dividend paying stocks does anyone know if plus500 pay them into my account?
+I would say the FTSE 100 is fairly undervalued right now. After this horrendous year it dropped greatly - its worst year since the 2008 crash which took ~3 years to recover to previous highs from. I know the FTSE doesn’t get much love here, but I am considering investing in a FTSE100 index ETF with a view to leaving it for at least 5 years. 
+
+What are your thoughts on the FTSE?
+My investment gone up 10% in a few days. 
+
+Seen a lot of people passing up on them in a few posts, everyone should have a quick look. 
+
+Online sales up 267%
+
+Personal gifting website sales up 57.5%
+[https://www.theguardian.com/business/2020/jul/07/next-and-asos-drop-boohoo-amid-leicester-garment-factory-claims](https://www.theguardian.com/business/2020/jul/07/next-and-asos-drop-boohoo-amid-leicester-garment-factory-claims)
+
+Not looking good is it.
+Hi, Still pretty new to the investing side of it and although the majority of my investments are held within Vanguard funds, and will continue to remain as such. 
+I have a relatively small amount within Trading 212 for picking some individual stocks that I think are good short to medium term. Partly for a bit of fun and to learn more about investing
+
+
+I obviously look at the DD’s for these however I don’t really understand some of the things to do with market cap etc and working out at what price point would likely be the ceiling of a company and thus worth selling to then reinvest elsewhere.
+
+Just looking for some material/advice to read up on so that I can better inform myself in this decision making and managing the individual holdings I have.
+Good day, I just started investing and I’m wondering how do you pay taxes with your gains? I work in the nhs so they automatically deduct the tax in my salary. I’m using trading 212. Do they do it for me or do I need to file it? I don’t have any gains yet atm. I just want to ask so that I will know what to do in the future.
+I did hear that it's time in the market not timing the market but my investments are taking a pummeling at the moment, perhaps it's worth selling them and holding cash for a while?
+
+The market indices are all looking pretty red too...
+
+I have BG American, BG Emerging growth, Fundsmith, LT Global, LT UK etc...
+
+Thoughts?
+Hello,
+
+I'm a young guy with NO ASSETS and I need to start getting serious about my finances. I have a teaching gig that allows me to save about £800-900 a month in China, but until I'm allowed back into the country I'm working in a bar for minimum wage (live at home so expenses minimal).  
+
+I've got £500 spare - what would you guys with that in my position? Is that even enough to be worth bothering with?
+Alright you sexy bastards! Class is in session!
+
+I am going to teach you statistical methods to analyze your asset or position be they long or short that you can make better investing decisions . Any questions feel free to DM me 
+
+1.  Period:  Get average prices over your given period ( month or week or year ), i.e., add all the opening prices and divide by the total sample size of whatever time horizon you want to invest or trade over. 
+2. Get the ATR, i.e., the average true range. This is calculated by subtracting the high of the day from the low of the day. Do this calculation for each day and divide it by the total number of days if you are using daily data or weeks if you are using weekly data)
+3. Calculate the price diff between the open and the high ( then take the average by dividing by the total number of samples ) ( this gives you an idea of how much upside you can make daily on average )
+4. Repeat the same for open and low. This gives you an idea of how much downside your investment can suffer based on your time horizon.
+5. Calculate the difference between closing prices and take the average ( this gives you an estimate of the average daily price move) 
+  
+ Doing this calculation gives you an indication of how the asset you are about to invest in behaves. For example, if you are day trading or investing and you buy an asset worth £10 or $10 and based on the historical volatility assessment you have conducted in the five steps above you find that the open to high or the close to close has never moved higher than 20cents or 20pence in the entire sample of price data you collected, it is therefore unlikely that you will be able to make that much over your given time horizon.
+
+This analysis allows you to manage your expectations and select good risk rewards in order to maintain your investments like a business. It also allows you to get in at a reasonable price, or if you are not happy with the price volatility, seek better-investing opportunities. 
+
+I hope you find these useful I have been using this analysis over the last five years, and it has helped me immensely.
+
+Until next time 
+ML
+In the first week of 2021 FTSE100 rose 6%. This has been put down to 1) certainty on a brexit deal at last and 2) commodities rising in price (due to expectations that there will be huge infrastructure projects in the US), and thus miners/oil/gas rising in price.
+
+​
+
+Starting from such a low base, do you think the FTSE100 is actually undervalued? 
+
+​
+
+Is it worth finding some mining/oil funds to invest in for the medium term?
+What are your guys thoughts on the FTSE100, will it drop to March levels or do you think it will rebound on Q3 results?
+
+Also what will you be looking out for in this dip or cost averaging in to? 
+
+For myself BAE/GSK/L&G
+Long time lurker on this, first time posting. Having done a good bit of research I am planning to invest after I turn 18 this year! My plan is steady growth for 5-8 years that minimises risk as much as possible. Looking for thoughts on what is going to be my first potential investment. Please help, would love to hear from you all! I know I have a lot to learn!
+
+Vanguard S&P 500 - 12%
+Apple - 9%
+Amazon - 9%
+Microsoft - 9%
+Google - 8%
+AMD - 8%
+Paypal -8%
+Nike - 8%
+Adobe - 8%
+Walmart - 8%
+Facebook - 5%
+FTSE Developed World - 4%
+FTSE Japan - 4% (these 2 are more volatile)
+I did hear that it's time in the market not timing the market but my investments are taking a pummeling at the moment, perhaps it's worth selling them and holding cash for a while?
+
+The market indices are all looking pretty red too...
+
+I have BG American, BG Emerging growth, Fundsmith, LT Global, LT UK etc...
+
+Thoughts?
+All I am going to do here is post this: [https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations](https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations)
+
+I assume it’s all over for NKLA. Where can they even go from here?
+
+*Kudos, to everyone who played puts. Of course lucky me I have some long-dated calls…*
+This seems to be the biggest FUD I see regarding DRS/ComputerShare.   No matter what, I always see, "Good luck selling during MOASS."    I have also seen people comparing the buying/settlement time, where shares are bought on CS and registered in your name.   I do not know the specifics on the difference in buying and settlement on CS compared to a brokerage, other than you are buying shares in your name and waiting until after settlement for them to be added to your account.  Unlike on a brokerage, the shares are not registered in your name, and they do not wait until after settlement.   This is not the case with selling, as **selling can be done in real-time** through them and the brokerage they use.   They also have other options such as trading through a block trade (slower process), or sending your shares back t to your brokerage and sold there.
+
+But wait, the next question should be, who exactly is ComputerShare's broker then:
+
+​
+
+>[https://www.computershare.com/je/broker-selection-policy](https://www.computershare.com/je/broker-selection-policy)  
+>  
+>As a company we work with different counterparties to execute our clients' trade orders, such as share sales. This policy outlines how we select, monitor and review the counterparties that are used to fulfil trade orders, and the factors that will be considered when using such counterparties.
+
+​
+
+So if some brokers are having trouble selling during MOASS, ComputerShare is not locked into using just that broker.   So the entire concept of good luck selling during MOASS is disingenuous.  Not only will they be able to sell,  it seems as if one brokerage puts a block on a security, ComputerShare has the option to use another.
+
+​
+
+​
+
+Below is from the AMA regarding instant selling:
+
+​
+
+Video of AMA:
+
+[https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s](https://www.youtube.com/watch?v=LVEJo87jejo&t=1454s)
+
+[**u/jsmar18**](https://www.reddit.com/user/jsmar18/) **is the mod who did the AMA with ComputerShare and I am going to post transcripts from the AMA to answer a few questions from the video above:**
+
+​
+
+>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Retail is used to relatively quick order executions, so I think that was kind of a surprise when there was, you know, batched together..  
+>  
+>**Paul**: Maybe I can jump in without being rude, that is how the purchasing works. **If you want to sell securities you’ve got the option of doing a real-time transaction with us through the web** or selling into a batch and going through a batch process. Or you can sell through your own broker. There are lots of opportunities for you and choice available to you when you are selling.  
+>  
+>The point that I made earlier, that is how we accumulate the shares when we are buying shares through the plan. But some parties might say well, I am going to execute my order in real time to purchase the shares through a broker, and then have the broker DRS the shares into Computershare. So there’s are lots of, plenty of choice available to people.  
+>  
+>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Yeah, we have definitely seen people do that in terms of buying through brokers and direct registering.  
+>  
+>**Paul**: When you are selling it **you can sell real time through us. When you are doing a real time trade through us, the turnaround time can be very very quick, you know, assuming there is a counterparty in the market to buy the shares that the broker is selling on behalf of you all.**  
+>  
+>[**u/jsmar18**](https://www.reddit.com/user/jsmar18/): Ok. So, we execute on Computershare, which then sends it to their broker which will then execute it on the market accordingly.  
+>  
+>**Paul**: We use highly integrated systems to so that we are not sending carrier pigeons with pieces of paper saying ‘please run to the floor of the stock exchange and execute selling our shares’. It is modern and pretty fast.
+
+​
+
+​
+
+I will link the entire AMA thread in the reply below.  I believe if I link to another post in the original post, my post will automatically be closed.   This seems to be the information most people new to DRS are worried about.  Can I sell during MOASS?  What happens during MOASS is uncertain.   Will DRS/CS be able to sell?  You should be asking yourself the same question about any brokerage.   If the free float is locked by DRS, will anyone other than CS be able to sell?  That is the decision you need to make if you decide to DRS your shares.  If you believe putting the shares in your own name is the safest option, DRS is for you.  If you are long on GME, DRS may be for you.  If you want to try and lock the float to prove the hedge funds never covered, DRS is the only way.   I believe GameStop has the same sentiment, which is why they added their DRS numbers to their earnings reports.    If you believe CS will not be able to sell their shares, while normal brokerages will, DRS may not be for you.  I wholeheartedly disagree with that.  But again, this is all uncertain.
+
+​
+
+*I understand some of you have no need to figure out how the selling works, and although that frightens me a bit,* because ***I actually believe you.***   *The original apes that DRSed blind as hell, are without a doubt, the most selfless retail investors I have ever seen.   They really like the stock.  I made this post to make sure those that want to dip their toes into DRSing their shares, understand they can and will be able to sell in real-time according to ComputerShare themselves.*
+Since bonds 101 was popular yesterday, let's do credit cards 101 today.  See also the wiki [credit card](https://www.reddit.com/r/personalfinance/wiki/creditcards) topic. 
+
+Top ten things you need to know about credit cards.
+
+1.  You probably want one or more credit cards.  Used responsibly, a credit card gives you [many benefits](https://www.thestreet.com/story/10340937/1/10-reasons-you-need-a-credit-card.html), including consumer protections as well as improved cash flow / rewards, that are not available from other payment sources.  We'll explain "used responsibly" as we go.  You do not have to pay interest to get these benefits. 
+
+2.  Your debit card is not a credit card.  If your bank gave you a card just for opening your account, it's a debit card, [not a credit card](http://www.investopedia.com/articles/personal-finance/050214/credit-vs-debit-cards-which-better.asp) even if it says "Visa" on it.  You have to apply to get a credit card.  Debit cards take money from your checking account immediately.  Credit cards don't.
+
+3.  A credit card is a pre-approved loan up to your credit limit, which [lenders come up with based on your application](http://www.bankrate.com/finance/credit-cards/how-issuers-determine-credit-card-limits.aspx).  As loans, credit cards build your credit history when you use them, and can help your [credit score](http://www.creditcards.com/credit-card-news/how-credit-cards-impact-credit-score-1270.php) if you don't borrow much and pay it back every month.  This is one of the few ways to build credit for no cost.  
+
+4.  The [grace period](http://www.creditcards.com/credit-card-news/grace-period-avoid-paying-interest.php) is your friend.  If you are paying off your statement balance each month, you will  not be charged any interest on new charges.  This can be up to six weeks, thus the cash-flow benefit.  But beware: if you don't pay off the balance, your grace period is gone, and all new charges will accrue high interest, until you again pay off the statement balance.  There is no difference to the card company if you pay once / month or multiple times / month, though it may reduce your [credit utilization](https://www.nerdwallet.com/blog/finance/credit-utilization-improving-winning/) which is usually good.  
+
+5.  The [20%+ annual APR](https://www.valuepenguin.com/average-credit-card-interest-rates) common to credit cards is NOT your friend.  You want to avoid this at all costs.  This means you never charge more than you can pay off each month, even if you still have credit limit left :).  While the "minimum payment" may not seem that bad, if you paid off a credit card balance using only minimum payments, you would pay up to [three times as much](http://www.marketwatch.com/story/how-long-does-it-take-to-clear-a-2000-credit-card-with-minimum-payments-2015-07-07) for everything as if you paid it off immediately.  If you find yourself shopping for lower APR, like 15%, that's still bad, since you shouldn't be paying interest at all.
+
+6.  More credit is granted to people with good credit.  What if you have no credit?  To get started, you should look for a card designed for people with no credit, like a [secured credit card](http://www.creditcards.com/secured-credit-cards.php), or something from your bank or credit union.  With a secured card, you are basically borrowing your own money, since you put down the money to back your credit limit.  It's like training wheels, or a learner's permit.  Once you have shown you can do this, then you can use other people's money.   Not much to start, though; initial credit limits are usually below $1000.  It's possible to get $20,000+ limits on a card if your history is good enough. 
+
+7.  More credit cards is usually better, eventually.   Go slow, though; maybe 1/year to start.   Getting a new card increases your available credit, and increases your number of accounts, both of which [help your credit score](https://www.creditkarma.com/question/will-opening-a-credit-card-raise-your-score).  This at the cost of an inquiry, which will be less-than-helpful for a couple of months.   Note that requesting a credit limit increase sometimes  produces an inquiry as well.   There is no such thing as too many credit cards from a score standpoint, but taking out a lot of credit in a short period of time makes you look like a bad credit risk.   You also don't want to have more cards than you can manage.  Forgetting to make a payment is bad.  Closing a credit card won't help your credit score.  
+
+8. Zero-percent promotional rates are good but can be risky.  Once you have a credit history, you'll eventually be offered [zero-percent promotional rates](https://smartasset.com/credit-cards/what-you-need-to-know-about-0-interest-promotions).  These are generally speaking good for you, especially if you would otherwise be paying interest.  In some cases you can even transfer balances from other cards.  Just remember you need to pay everything off, and that's easier said than done.  The card companies hope you don't.   Be aware of the difference between promotional 0% and deferred 0%, as well.  
+
+9.  Rewards are a good thing.  Once you have a good credit history, you will be able to get [rewards cards](http://www.creditcards.com/credit-card-news/help/7-ways-to-get-most-from-rewards-credit-cards-6000.php) that rebate 1%+ of your credit card expenses you.  (Merchants pay this indirectly, as a portion of the 2-3% fee taken from them when you use your card.)  You want to do this.  Some cards offer extra rewards for initial spending to get you to apply.   If you can get the extra reward, it's usually worth it.    
+
+10.  Reminder to be responsible.  Not everybody is.  If you know you have limited self-control, then credit may not be for you.  People who use credit [may overspend](https://www.nerdwallet.com/blog/credit-cards/credit-cards-make-you-spend-more/) on unneeded purchases.  ("Hey, I'm getting rewards!")  Credit cards are not your [emergency savings](http://www.thesimpledollar.com/ten-big-mistakes-8-credit-card-as-emergency-fund/).  Most of the saddest stories we have here at /r/pf are people who got $10,000 or even $50,000 in debt because they spent too much.  Don't let this be you.  Be careful out there!
+
+If you want more information, here's some [additional content](https://www.reddit.com/r/personalfinance/comments/51rc6h/credit_cards_202_beyond_the_basics/).
+[https://finance.yahoo.com/news/vanguard-intensifies-etf-fee-war-130001510.html](https://finance.yahoo.com/news/vanguard-intensifies-etf-fee-war-130001510.html)
+
+​
+
+\>> 
+
+*Vanguard FTSE Emerging Markets ETF (*VWO*) - from 14 to 12 bps*  
+*Vanguard FTSE Europe ETF (*VGK*) - from 10 to 9 bps*  
+*Vanguard FTSE Pacific ETF (*VPL*) - from 10 to 9 bps*  
+*Vanguard FTSE All-World ex-US ETF (*VEU*) - from 11 to 9 bps*  
+*Vanguard FTSE All-World ex-US Small-Cap ETF (*VSS*) - from 13 to 12 bps*  
+*Vanguard High Dividend Yield ETF (*VYM*) – from 8 to 6 bps*  
+*Vanguard Total World Stock ETF (*VT*) – from 10 to 9  bps*  
+*Vanguard Tax-Exempt Bond ETF (*VTEB*) – from 9 to 8 bps*  
+*Vanguard Total International Bond ETF (*BNDX*) – from 11 to 9 bps*  
+*Vanguard Total International Stock ETF (*VXUS*) – from 11 to 9 bps*  
+<<  
+
+
+As if you needed another reason to hold index ETFs instead of shares of individual companies, Vanguard has lowered the expense ratio on a number of funds. I'm particularly happy to see VXUS on this list. 
+Yes that is right. There is a float of 46.89 million shares, as of writing this we have 7.3 million subs. If the average WSB sub owned 6 shares we would own the entire float of the stock. The shorts can squirm as much as they want but the only way out would be to buy back at the price that the share holders are willing to sell for. It was reported that OVER HALF of robinhood users had shares of GME last week, that is 6.5 million users with shares. We are getting very close to cornering the market, I think that may have contributed to the shenanigans at the end of the week. Prepare for more incoming this week, but if we hold the shares we hold the power. Power to the players. If you think owning only a few shares doesn't make a difference it does! 6 shares each and we own the whole thing. I love this stock I love you guys. Please share this if you also love this stock.
+Edit: 
+
+Also forgot the 🚀🚀🍌🐒💎✋
+
+EDIT 2: Hey thank you all for the awards! Now I gotta figure out what they do! Can I trade them in for GME shares cause I LOVE this stock!
+As a family with two young children, we are experiencing a squeeze on our finances. I'm sure many parents are in a similar situation. Essentially costs are going up everywhere, and wages in our industries (NHS and private health) are not increasing at the same rate. Our costs are mostly rising in our fuel, food and energy.
+
+My questions are;
+
+We currently pay £75 p/m for our gas and electric. Our supplier e-on is suggesting we increase to £100 p/m after reviewing our usage over the past year. Our current tariff deal ends in December. We have heard e-on are increasing their prices by a lot. What would be a good step to take to ensure we do not get ripped off? My wife recommended we choose a fixed 2 year tariff with e-on (around £106 P/M) to ensure our price is locked in for that time. Is that a good idea, or should we look to go elsewhere?
+
+In addition to batch cooking and shopping at Aldi/Lidl has anyone got tips for reducing the food bill? We currently pay around £120 p/w for a family of four.
+TA:DRS math says interesting things about GME vs. SPY. More evidence supporting total return swap theory.
+
+Okay, Hi, so my subs thesis is simple: Wall Street took a good idea, designated market making and turned it into an atomic bomb of fraud and stupidity that is on it's way to decimating the world economy. 
+
+"HaHa, Forget GameStop.... Back to $20 Fast..."
+
+I'm glad you still have a sense of humor. I wouldn't if I were you.. (back to the individual investors) Now, anyone who knows me knows I have no problem telling someone they're wrong. Hell, it's my passion. Well, for the first time in my life, it's not so enjoyable. 
+
+We're living in an era of fraud in America. Not just in banking. But in government, education, food, religion, journalism, prisons, baseball... Somehow, American values became, *"fuck it, let's grab what we can for now and the hell with tomorrow."*
+
+And what bothers me isn't that fraud is "not nice" or "mean." It's that for fifteen thousand years fraud and short-sighted thinking has never, ever worked. Not once. How the hell did we forget that?
+
+I thought we were all better than this... I really did. And the fact that we're not doesn't make me feel superior or right... it makes me feel sad....
+
+And as fun as it is seeing pompous dumb Wall Streeters be wildly wrong, (turns to the short hedge funds) and you are wrong sirs (Kenneth C. Griffin, Jeff Yass, Stephen Cohen, Michael Milken, Gabe Plotkin, et. al.). I just know that at the end of the day, pension funds and government debt are going to pay for all of this...
+
+​
+
+In this DD I try to test the hypothesis that there is a swap where someone \*wink\* pledged a long SPY position vs a short GME position. 
+
+Let's briefly take the stance that MSM is correct and that GameStop will fail. Failing companies have a pretty distinct price path that they follow.  I will try to contradict the following statement:
+
+*"GameStop is a failing brick and mortar retail store, with a market cap under 10b, therefore it should have no significant statistical correlation with SPY, one of the largest indices in the markets."*
+
+To test this, we analyze financial markets like natural systems. You can use nature math to express the price movements of stocks and other investments. Some of the important nature math concepts in finance are sine waves, Fibonacci sequences (though, I have issues with this), and fractal math. I like to use Hurst Exponent Estimation which is the latter: wild psychedelic fractal shit. Like lick a toad and go wild, math. 
+
+https://preview.redd.it/2vw4ehsp6n3a1.png?width=396&format=png&auto=webp&s=bf0e23ee9f925040ef20e29a781d83881c6e7963
+
+Ok, so why the Hurst Exponent?  Well, the Hurst Exponent helps us interpret whether the prices revert back to their average price, or a trend upward/downward, based on their price history. It is a metric that looks back on itself. For every day you move forward, you look back again to see where you were and where you might go next. 
+
+​
+
+[infinity, noice..](https://preview.redd.it/bcmxhwl07n3a1.png?width=350&format=png&auto=webp&s=e1e6c9e20a8e6161e3ea2a9da70c35ca138f6b50)
+
+https://preview.redd.it/pr7m58akin3a1.png?width=509&format=png&auto=webp&s=046717983ed62764a862d42b5be7b15d470e2b5f
+
+Try to skip the math. What I want you to focus on here are the oscillations between the GameStop (RED) and SPY (BLK) in these charts. There are pretty much zero reasons why these two assets should be moving in sync with one another other than some kind of outside event or in this hypothesis, a swap. 
+
+​
+
+Charts:
+
+The y-axis in these charts is the Estimated Hurst Exponent value for that date. the x-axis is time(date). The Hurst # represents the likelihood of the past to be a trend, random walk, or stationary. The values we want to look at are the 0.5 and up. Those values indicate a trend in the current, based on the immediate past. 
+
+Here is the Hurst Exponent Estimations for GME (RED) and SPY (BLK) on a 20 year timescale. Notice, they sync up in the 2015 crash. There is a slightly positive R-value of (+)0.1563 during this time span, indicating a weak positive correlation over the last 20 years. 
+
+[20 year Hurst Exponent GME to SPY regression R-Value: \(+\)0.1563](https://preview.redd.it/e1tc1q1x7n3a1.png?width=593&format=png&auto=webp&s=48a69fc08c9f6d6dd7999142b92adf050117835e)
+
+[20 year Hurst Exponent GME to SPY regression R-Value: \(+\)0.1563](https://preview.redd.it/jkizydb48n3a1.png?width=593&format=png&auto=webp&s=6b15d7f75f4daa70d8d39025465932afe32e6625)
+
+​
+
+Now for the most recent 4 year time span, where you can start to see some of the detail of the age of Burry, DFV, RC, and the lore of the prophecy. I want you to look at the dates where GameStop (RED) and SPY (BLK) either intersect or part ways at a max distance apart. Notice anything interesting? This time span is 2015 and beyond, meaning post sync event from the above chart. Has the R-value changed? Well, let's check.... Sure enough, the R-Value during this time span is (-)0.2231, indicating a weak inverse correlation. A flip and slightly more intense than the 20 year time scale.
+
+[4 year Hurst Exponent GME to SPY Regression R-value \(-\)0.2231](https://preview.redd.it/qyiewatu8n3a1.png?width=595&format=png&auto=webp&s=4071d4ff19afb2ba0655318700755fa58a4c3cda)
+
+[4 year Hurst Exponent GME to SPY Regression R-value \(-\)0.2231](https://preview.redd.it/ri56n0cz8n3a1.png?width=595&format=png&auto=webp&s=a4f541f938a62f9e67a26ccbef868e6183f7dd31)
+
+​
+
+​
+
+The most recent 2 year time span is where we can focus on the pre-sneeze, the sneeze, and prices into today. Notice those pronounced, opposing oscillations? Are any of the intersections or peaks/troughs of GameStop (RED) and SPY (BLK) at important dates during the GameStop saga?  The R-Value for this time span is (-)0.2657, indicating a weak inverse correlation that is slightly more intense than the 4 year time span. 
+
+[2 year Hurst Exponent GME to SPY Regression R-Value: \(-\)0.2657](https://preview.redd.it/vgt5f84e9n3a1.png?width=523&format=png&auto=webp&s=aa71a70e5be64363bbcd61693b18be3c106c7ffd)
+
+​
+
+[2 year Hurst Exponent GME to SPY Regression R-Value: \(-\)0.2657](https://preview.redd.it/wifk9sch9n3a1.png?width=523&format=png&auto=webp&s=4aefca92b51c149e54423271863ef10889b6bc6c)
+
+​
+
+​
+
+Finally, the creme de la creme: the 1 year Hurst Exponent Estimation of GameStop (RED) and SPY (BLK). What a sight to behold. WOW! If that doesn't look like a mirror fucking image. Color me SHOCKED PIKACHU FACE! You can even see the flat price of the GME chart from October to today as shown in the Hurst Estimates bouncing +/- 0.02 around 0.57 during that time span. In the 1 year time scale, the regressed Hurst Exponent Estimates of GME and SPY have a R-Value of (-)0.4344 . This R-Value is interpreted as a **moderate inverse relationship**. Moderate inverse relationship might not seem like a lot, but **IT IS.** 
+
+​
+
+[1 year Hurst Exponent GME to SPY Regression R-Value: \(-\)0.4344](https://preview.redd.it/w913xgwean3a1.png?width=512&format=png&auto=webp&s=a1508b253bfa277f3ab24d3242daa719cb9b0c0f)
+
+​
+
+Wait, what was that R-value again?  **(-)0.4344????**
+
+​
+
+This, superstonk, in my opinion, is evidence of a swap between GME and SPY. Where a long SPY position is pledged against a short GME position. The increasing R-values in shorter and shorter time scales is a demonstration of that fact. There should be no significant statistical correlation between GME and SPY at all (+/- 0.10 like the 20 year time scale). 
+
+​
+
+*"GameStop is a failing brick and mortar retail store, with a market cap under 10b, therefore it should have no significant statistical correlation with SPY, one of the largest indices in the markets."*
+
+Nah, I think that the increasing inverse R-Values during decreasing time scales demonstrates that there IS a relationship between GME and SPY.  They ARE correlated.. (inversely)
+
+​
+
+A note on other statistical relationships: There can be multiple swap contracts in the market at any given time so this is not an attempt to put one idea in front of another. This is only 1 analysis, using 1 method. There is a growing amount of evidence defining the basket swap and other swaps that short hedge funds and prime brokers have engaged in. Who knows how deep the rabbit hole goes? I bet someone here will find it. 
+
+​
+
+The lore of old lives on! The Negative Beta is real!! The swap is collapsing and we all know what that means... This might not be so pretty, so when the time comes, just don't fucking dance.
+
+​
+
+You all made the right decisions to be right here and right now!
+
+Feel free to ask any questions and to discuss the method/analysis. 
+
+​
+
+​
+
+https://i.redd.it/s6wmu53ebn3a1.gif
+https://www.bbc.com/news/business-53416206
+
+Looks like nothing is slowing down the Apple train and the EU doesn’t want to risk them leaving operations from Ireland. What holds next for Apple?
+My family leaves for vacation after market closes on Monday. I want to spend as little time as possible on my phone during the trip trading. I have a couple July puts and calls I bought, and mostly sold covered calls with various dates of expiration for the next 4-6 weeks. I was thinking my best strategy would be to roll all my 6/25 stuff out another week tomorrow and then set either stop losses for stuff I've bought or limit buys to close all my calls if they hit a certain % profit. Then I'll just do some maintenance and housekeeping next Tuesday when I get back online. Does this seem like the best strategy or is there something obvious I'm missing I should be doing as well?
+With the new Ofgem price cap confirmed for October, what are people planning on doing with their energy bills? Everyone on the news seems to report this Cornwall Insight report predicting multiple further rises to the cap up to £5386 by next January.
+
+Considering the increase this October, the 12M Octopus loyal Fix doesn't seem too ridiculous anymore:
+
+Electricity: S/C 43.12p/day ; Unit rate: 67.98p/kWh
+
+Gas: S/C: 27.22p/day; Unit rate: 18.88p/kWh
+
+It seems mad that this is where we are now. I am being dramatic to consider this vs remaining on the variable rate? I'm not sure we could afford another near doubling of the price cap.
+
+My apologies if this has already been covered.
+Would you like to know why Citadel worked all weekend?
+
+Well the SEC issued this guidance on SPACS (google SPACS if you dont know)
+
+[https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs](https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs)
+
+Somebody else can go through the fine print, but it basically says that the SPAC warrants are liabilities not Equity.
+
+Q&A
+
+Q: Well ok then, so what if you bought a couple SPACS.....
+
+A: Well then you would have to account for them as liabilities if you havent paid for the shares and fulfilled the contracts..... ok sound simple enough.
+
+Q: Ok what if you...kinda sorta......went on a SPAC binge and bough every SPAC you saw on the shelf.
+
+A: Like how many
+
+Q: Say you were a shy kid in high school, hit a growth spirt came into your own hit college and had a FIELD DAY..... That many
+
+A: so you bough 20 SPACS
+
+Q:more like 80
+
+A: Well then you have that much more Liabilities to manage on your balance sheet.... I hope you are not in any other Financial problems.
+
+Q:.....
+
+A; what is it
+
+Q: Well I kind of got between a bunch of dump Apes and their favorite Video Game store...
+
+A: Oh NO....APES Dont let Go
+
+Q: I am FUCKED
+
+A: You're FUCKED
+
+\-----------------------------------------------------------------------------
+
+So I made a spread sheet trying to track all the SPACS citadel was buying.  I also looked at other Hedge funds to see if they were going on a buying spree as well....they were not...not that I could find.
+
+Citadel though it found a money cheat code.  Buy SPAC warrants, use warrants as equity on balance sheet, leverage up fight APE.
+
+The SEC issued guidance annihilating that entire plan overnight.
+
+That's why they worked all weekend.  they spent the first quarter buying SPACS like they were crack and now they are going to have to offload them.
+
+They have known about the liquidity requirements for months....but they didn't expect a change in the SPAC rules, or they wouldn't have bought 80 of them.
+
+Go through the list, they are not very good companies. They were just going to use them for the equity cheat code.  So they bought whatever was left.  The SPAC market is picked over, its fucking 2021.  STOP TRYING TO MAKE SPAC HAPPEN CITADEL SPACs were so LAST YEAR.
+
+​
+
+original thought post here and here
+
+[https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel\_spacs\_acquisitions/?sort=new](https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel_spacs_acquisitions/?sort=new)
+
+[https://www.reddit.com/r/Superstonk/comments/mv3hi1/has\_citadel\_spent\_clost\_to\_8\_billion\_on\_spacs\_so/?sort=new](https://www.reddit.com/r/Superstonk/comments/mv3hi1/has_citadel_spent_clost_to_8_billion_on_spacs_so/?sort=new)
+
+I am marking this as DD until someone proves me wrong.
+
+Start of list of SPACS bought by Citadel
+https://sec.report/CIK/0001423053
+
+​
+
+https://preview.redd.it/zxhogjl3lfu61.png?width=1349&format=png&auto=webp&s=119513f86e58fbb322ff9160825687dc1ba226e9
+
+oh for those of you who need Google Trends to confirm your suspicions..
+
+SPACS did peak at 2 AM Saturday morning....
+
+​
+
+https://preview.redd.it/6wzexqfrjfu61.png?width=883&format=png&auto=webp&s=56eb1201a2bef4716083f247a9e4c9381bf50154
+Good Morning Apes!
+
+Today is the final settlement day after the last fail date on the 26^(th), so I expect we will continue to see a bit of volatility but maintain an adherence to max pain at 175. Today will begin a window of 18 trading days where I do not expect any significant upwards price action. We will likely experience some volatility and the usual chop generated by synthetic shorting ---> T+2 covering. Our low supports currently sit at 168.74 and 163.68.
+
+I should note we could see a little bit of FOMO due to the Loopring leaks as well...
+
+[A break above this wedge could show some significant upside but is unlikely ](https://preview.redd.it/xn1dc63zs6w71.png?width=2453&format=png&auto=webp&s=477be25e9d70ee377938fde4887f9c48ab79c5f8)
+
+For more information on this and my futures theory please check out my weekly DD.
+
+Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qf37pv/moon_on_the_horizon_and_a_look_at_102521_102921/)
+
+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
+
+I definitely went into today with lower expectations for the peak settlement day on this cycle but was happy to be surprised. This was very obviously exposure covering (you can tell buy the buys only hitting the ask when the risk of gapping up is low) but it was nice to see them not slam the price down at the end of the day. It would be very interesting to see if some of this price action carried over into tomorrow. Thank you all for tuning in. 
+
+\- Gherkinit
+
+https://preview.redd.it/l3q5ni0nz8w71.png?width=715&format=png&auto=webp&s=7b1b459e3447d07bf52347e139dff715cb2ea9a1
+
+Edit 6 2:12
+
+nope 1 more in the tank
+
+https://preview.redd.it/qh9v865gf8w71.png?width=1607&format=png&auto=webp&s=bf5ad2945e470f37067c20661b03d3aab9bbbd40
+
+Edit 5 1:42
+
+looks like exposure covering is  done ...
+
+https://preview.redd.it/vdsvnmiz98w71.png?width=1606&format=png&auto=webp&s=5db4ae4d35811537672d3f921fc1986ac9dcf295
+
+Edit 4 11:57
+
+Looking at 12:69 for our usual slow covering day breakout, as is tradition.
+
+https://preview.redd.it/tuq19i4er7w71.png?width=1613&format=png&auto=webp&s=bc72fd7dbc6e633a34bc9781f21de35de7a3ba50
+
+Edit 3 11:13
+
+Nice consolidating breakout, bouncing off VWAP straight into a test at 180
+
+https://preview.redd.it/3vtlwyjkj7w71.png?width=1615&format=png&auto=webp&s=bb86471ca1af2d8e40f17ea8f7ee7b425d8b783e
+
+Edit 2 10:37
+
+GME just rising up on low volume looks like they are covering gamma exposure without trying to jump the ask or create volatility. up $5 on 200k volume.
+
+https://preview.redd.it/5ens7l18d7w71.png?width=1599&format=png&auto=webp&s=84d71398b4222e480516f2999fb4f0fe1995f475
+
+Edit 1 9:49
+
+Little volatility at open but it's died right off along with the volume 138k traded in the first 20 minutes
+
+https://preview.redd.it/na7q810m47w71.png?width=1636&format=png&auto=webp&s=fafaa203f950182dc5ea6b617562f1fd9aadaec8
+
+# Pre-Market Analysis
+
+Nice trend up from the opening dip just pushing past 175. Gamma exposure from the fail date on the 26th shouldn't be too significant but it could push us up to 180 -188. IBKR with 30k shares (20k already borrowed) and Fidelity with 695k.
+
+[GME Pre-market 1m](https://preview.redd.it/wnu45fjlw6w71.png?width=1623&format=png&auto=webp&s=0c8fe9e702887c52a23f9e600283642afb11539c)
+
+\*No significant arbitrage this morning
+
+**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/)
+How do you spend your day? How is it different from your previous life before retiring from your original day job?
+
+Also, especially with Covid still being around, how do you spend the evenings (especially curious about this with young kids)?
+>The $912 million-funded fintech giant will provide compensation to all customers of its Robinhood Gold premium subscription for borrowing money to trade plus access to Morningstar research reports, Nasdaq data, and bigger instant deposits. It’s offering them three months of service.
+
+>A month of Robinhood Gold costs $5 plus 5% yearly interest on borrowing above $1,000, charged daily. Before a pricing change, the flat fee per month could range as high as $200. However, compensated users will only get the $5 off per month, for a total of $15. That could seem woefully insufficient if Robinhood users missed out on buying back into stocks like Apple that went up over 9% on Monday. Robinhood is calling it a “first step”.
+
+[Techcrunch](https://techcrunch.com/2020/03/03/robinhood-outage-cause/)
+I just bought a PC part for £140, same shop is now selling for £118. I'm pretty tempted to return and buy it again. Minimal effort for a decent saving. What lengths do you go to to ensure you get the most for your money?
+
+EDIT: I can't get a partial refund from the company, the advisor I spoke to told me to return and rebuy. I need the drive more than I need £22 so I won't be doing that.
+Title. Thinking about it for my TFSA.
+
+Not sure at what stage we are in the streaming vs. Theater situation. Will people ever really stop going to theaters?
+# Time is the most valuable asset in the world. Your time is limited, and you can not do anything about this.
+
+Days are passing, and they are gone forever. Becoming a parent 7 years ago taught me this lesson. Kids are growing fast, and you can not go back, just forward.
+
+This week I liquidated a reasonable part of my Bitcoin investments. I have been carefully stacking the sats for 5 years now, lived through ups and downs, holding all along solidly. My liquidated profits add up now to 10 years of my normal salary. Well, 10 years of my previously normal salary.
+
+# Because today I left my job. For good. At least for 10 years.
+
+I want to spend the next 10 years being there for my kids, watching them grow, and being there for them completely. **I will not be the occupied and preoccupied dad sitting at the dining table responding to work emails. I will not be the distant dad always thinking about something very important. Not any more.** I want to be the dad who has always **time**, at least for the next ten years, while my kids will still be children.
+
+# Time is important, and Bitcoin bought me time. Time to live freely and fully, without the daily stress of earning for the next ten years.
+
+**Bitcoin is a miracle. For some, it creates Lambos and Teslas, for some it means yachts and airplanes. To me, it is a time machine.** Nothing ever in my life gave me back my time, nothing until Bitcoin came along.
+
+A wonderful thing is happening around us, Bitcoin is turning the traditional wealth distribution of the world upside down. It is democratic, it is unconfiscatable, and it is there for everyone.
+
+I will hold to the rest of my sats until at least the next 10 years. Hope they will provide me with some further relaxing time.
+
+\----
+
+PS: seeing the comments, okay okay, it is not just about the kids, time will be used for self-development and also for doing some good in the world as well, I did not say I will do nothing now :)
+I am trying to figure out what is a typical amount to spend per trip and overall per year on travel and so wanted to understand how some people ramped up spending as their net worth and income grew (e.g. as NW grew from 1M to 5M to 10M as well as if income grew from 100K to 250K to 500K to 1M to 2M+).
+
+Would you be open to sharing maybe multiple data points in time covering <rough net worth, income, total amount spent per year and per trip (+ typical trip duration or $ per day)>? Did you anchor spending against income or net worth? As both increase, did you spend more on flights, the stay or local experiences and what seemed worth it?
+
+I found some threads from the past discussing budgets but without the context of net worth and income. If there is a good thread that I might have missed, a pointer to that would be great.
+My W2 income is high and I'm not eligible for Roth (doing Mega back door). My financial advisor  is trying to sell me on a permanent life insurance product. Like a Roth, the idea is to contribute post tax but withdrawals are tax free. The money can be invested in different ways (stocks, bonds etc). However, the fee structure is not transparent but they guarantee a minimum of 4% returns - more in good years. Every year, the contribution is around 25K and will be worth around 800K in around 18years.
+
+Any advice? How do you minimize the management fee - are there any providers that are very transparent about this?
+I've seen a number of comments regarding Pledged Asset Loans and other forms of asset-backed loans in threads about house-buying, though can't seem to find much detail on how these work.
+
+I have >$20M in assets with Vanguard and would like to buy a $5M house. I am able to secure a 2.5% mortgage with Wells Fargo and PNC using a relationship account. This requires making a $1M investment that cannot be used for the down payment on the house but that can be withdrawn after the mortgage is secured. Wells Fargo used to allow the deposit to be used for the down-payment but changed their policy last year (or started to enforce it).
+
+Would love to hear strategies for securing a lower rate using an alternative approach. I understand that PALs have variable rates which would make this an unattractive option. Is there an alternative that allows for a fixed rate while leveraging a high liquid net worth? I saw a passing comment in one thread re: a rate of 0.85 but unfortunately no further details were offered up.
+I stumbled across [this article](https://www.investopedia.com/articles/trading/09/incorporate-active-trading.asp) yesterday and it makes it seem like a no brainer as an investor. Sure, there are up front costs and annual expenses but there appear to be a number of significant advantages. You don’t need to be trading actively (I’m a long term hold investor) but you receive similar tax benefits to active trader status and it opens you up to new tax strategies that you don’t have as an individual investor. It appears to be better for passing down generational wealth and offer a number of other benefits that could make your money more difficult for creditors to access in case of bankruptcy/court proceedings. 
+
+How common is this strategy among fatfire folks? Many of you are entrepreneurs - do you trade through your/a separate company? Same question for non-entrepreneurs - did you establish a corp to invest through?
+The reason why I'm even working 2 jobs is just a long story filled with childhood trauma and all that so yes, I'm aware that I'm pretty young. I got kicked out of my mom's house when I was 17 and my life kinda has been horrible ever since.
+
+I work part time at Wal-Mart and part time remote for a podcast network in New York as a social media manager for 3 podcasts and I should be able to make make $2800 a month in total from both jobs 
+
+I pay $200 a month in rent for my sister and roughly $500 a month in transportation to and from work at Wal-Mart. $400 a month goes to food (I buy all my own groceries and Im 19 I don't know how to cook so I understand I spend a lot) and about another $400 a month to just enjoy myself at parties and nights out and stuff.
+
+I just want to know when I can start buying my own car and eventually transition into getting my own place. I have really had a horrible last few years and the family I was born into has played a big part in that.
+
+I understand that I'm doing pretty well for a 19 year old in terms of finances but I just feel so behind in everything due to my toxic family (for example: I don't even have my license yet because my mom didn't want me to learn how to drive)
+
+Also just 4 months ago I just got fired from Target with only $400 in my savings making only $16K a year projected and I would only eat 1 meal a day to support myself so this was all a process to get here
+
+Any advice helps. Thanks!
+How do you find a financial advisor that you like and trust? Have no references except for Dave Ramseys ELP which I heard can be not so great, although I may give it a try. Any suggestions are appreciated! Thanks
+I have been working at a company located in the US for what seems like a long time (7+ years) and in the past year, it has deteriorated beyond belief. In this time, I have had to deal with the following:
+
+Missed and still outstanding paychecks (with increasing frequency the last couple months)
+
+401k account contributions have not been made for 6+ months despite deductions showing up in my paycheck
+
+Lack of reimbursement for company travel dating back to August 2021
+
+Unpaid 2020 Bonus (awarded based upon company defined performance metrics; payout amount listed, signed, and ratified by CFO)
+
+As a salaried employee, I am currently in a position where I have more than a month of unpaid work behind me as I await my most recent 2 paychecks. Obviously, finding new employment is a must and is nearly complete. But what I’m wondering is, are any of the amounts owed listed above actually legally required to be paid? If so, how do I go about trying to get them paid out (Labor board? Attorney?)? If not, am I simply relying on the “goodwill” of the company to come through? If the latter is the case, should I essentially consider the money non-recoverable?
+
+Thank you all in advance for your input, and if this is posted in the wrong sub, please let me know.
+So for new beginners out there I'm sure this could really help or u know reddit being reddit. Anyway what are some things you wish you knew before you started to buy stocks. Whether it be trading or buying and holding for years. Any possible thing you wish you knew before starting. If you could time travel and tell yourself something that you wish you knew before starting , what would that be?
+Hey Reddit,
+
+I’m a 15 year old in high school, and although I’ve always thought about investing in stocks, I don’t understand it that well and I don’t have that much free time (I’m in school when the market opens and closes) so I never invested. I have a custodial account, and I was wondering if taking the time to invest 100 dollars will be worth it in the end. I don’t have a job yet, so any money is better than no money for me. I also fear that I could lose most of this, so if someone can give me some advice for the current stock market, I will appreciate it.
+
+Thanks!
+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. 🚀 🚀 🚀 💎 🙌
+Im trying to take advantage of all the cash rebates banks are offering.  I just received my $4k from Westpack.  
+How long should I wait to refinance to another bank? The mortgage broker said to not do it before 1.5 years into the loan. But I have a suspicion that this  information might have to do with his commission.  He said that it might effect my credit, however was not able to really elaborate on what that actually means.
+Hello guys, I'm 36 married with 5 kids from Montreal. I make about 130k (gross) alone as my wife is not working. She's taking care of the kids. We have a mortgage but the car is paid off and no other debt. I have about 150k in saving currently in mutual funds and 14k cash. 
+
+I feel like I'm really late to the game because :
+1) I have 0$ in TSFA contribution (about 80k room available)
+2) I have all my RRSP (about 60k room available) and RESP savings in mutual funds, which I intend to transfer in my newly open Disnat account.
+
+I'm trying to change a few things in my investment habit, please let me know what you think:
+1) Invest 1000$ every 2 weeks in RRSP (100% XEQT), 30 years
+2) Invest 320$ every 2 weeks in RESP (100% XEQT), 30 years
+3) With tax refunds, invest in TFSA (100% XEQT), 30 years
+
+I have to admit that I'm a bit shaky buying such a big amount of ETF in 1 shot to transfer my investment to Disnat. Do you guys think I should divide the amount or it's better to do it all at once? Also, is there anything else you would do differently in my situation? 
+
+A colleague of mine suggested I forget about RESP and go all out on RRSP. Another one suggested to go all out on TSFA first. Please help a brother out!
+I have a small business with a decent number of employees that has been going well over the years. The problem has been the introduction of the carbon tax. Because of the nature of my business, it is not simply easy for me to look for less carbon-intensive components in our products. As a result, our margins have shrunk dramatically and with the government expected to ramp up the carbon tax in the coming years, the future is looking bleak.
+
+Whereas with real estate, all I see is a government that is doing everything and will do everything to backstop the whole thing. I feel like a fool for putting all my sweat, blood, and tears into a business and forgoing critical family time when I could have been investing in real-estate all this time and laughing to the bank. Better late than never though, right?
+
+What are some tax implications I should be thinking about? Should I incorporate the rental properties in a holding company or is it more tax efficient to hold them personally jointly with my wife?
+Hello everyone,
+
+Over the last year and a half - I slowly liquidated all my short/mid-term positions and kept it in cash under an assumption that equities were inflated and that market euphoria would die down. In my eyes the potential risk of staying in cash that I was content with assuming was the foregone gains from staying in the market (assumed to be negative under my assumptions) and inflation (assumed around 2%).
+
+Needless to say my assumptions were wrong as equities have continued to boom and inflation is now expected to be around 3.8% ([https://financialpost.com/news/economy/inflation-expectations-spike-to-record-at-canadian-businesses](https://financialpost.com/news/economy/inflation-expectations-spike-to-record-at-canadian-businesses)).
+
+I want to start re-entering the markets as I don't want to take a 3.8% loss in real terms by sitting on cash but can't seem to find a strategy that can protect my assets from inflation. Bonds seem risky as I see interest rate hikes within the next 12 months, GICs have poor liquidity, and I can't get into the real estate market at this point in life.
+
+How are you protecting your assets from inflation?
+Frankly, i think that's a pretty broad and irresponsible statement. Especially for a Fed chair who has emphasized data and numbers and acting based on them, and putting blame government policies and their inaction. How does she know what will lie ahead (under her or someone else) and what policies will be imposed or undone? Kinda undermines her own approach as Fed chair up to this point, and perhaps indicates some complacency by the Fed on markets and economy, imo. #famouslastwords
+
+http://www.reuters.com/article/us-usa-fed-yellen-idUSKBN19I2I5
+I'm hearing from my sources (who are in a position to know) that RH sent option orders with inverted "C" and "P" for the last four hours of the trading day on Wednesday. Affected accounts were frozen out through today. Can anyone confirm?
+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.
+
+​
+
+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 am NOT new to investing in the stock market but i am still learning to trade.I want to know how people decide to invest in a company. What all data do you personally look ? Basically what kind of research  do you do on the company before you invest ?
+[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com)
+
+GameStop [Investor Relations](https://news.gamestop.com/)
+
+# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/)
+
+# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you
+
+# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/)
+
+>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments!
+
+# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8)
+
+>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022.
+
+# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/)
+
+>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here!
+
+**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk)
+
+How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans
+
+How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk
+
+Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/)
+[This article](http://www.forbes.com/sites/laurashin/2015/03/30/how-this-couple-retired-in-their-30s-to-travel-the-world/) is a few weeks old, but due to saving and investing, this couple retired in their mid 30s with a million dollars and live off the dividends.
+
+The part that caught my eye was this section *I do a pretty active tax management of those assets, so in 2013 and 2014, we paid $0 tax while also converting about $20,000 a year to our Roth IRA to make that money tax-free forever*
+
+They are living off $40k a year, transferring to a Roth, and not paying taxes. He links to his blog post which shows his [tax return](http://www.gocurrycracker.com/go-curry-cracker-2014-taxes/). Basically, because they complete the Qualified Dividends and Capital Gain Tax Worksheet, they are married filing jointly, they can have $73,800 tax-free(?). 
+
+He further goes on to explain the Roth conversion. 
+
+This is fascinating to me. I've been spending a lot of time on this forum, reading the posts, and people are always noting to be cautious of taxes you'd have to pay when selling, yet, he seems to be making it work for him.
+Russel Okung is an NFL player who signed a contract with the Carolina Panthers in March 2020. As part of their agreement, part of his wage is paid out in bitcoin.
+
+Russel Okung's comments on bitcoin are spot on:
+
+"Money is more than currency; it's power. The way money is handled from creation to dissemination is part of that power. Getting paid in Bitcoin is the 1st step of opting out of the corrupt, manipulated economy we all inhabit."
+
+"When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen."
+
+When you have a quarter of the broad money supply being created in less than a year, it is clear that the money printer determines what value is in the first place. If you receive constant government bailouts, either because your company is highly in debt or it secures many jobs, you're never ever going to do anything but to keep your company "system-relevant". You're not going to innovate. You're not even competing anymore.
+
+Debt and the money printer killed capitalism.. risk of investing capital is only for the little guy now because they're not relevant enough for the system. Just give them a shitty paying job that we maintain for them at the mercy of our money printer while asset prices inflate away and out of reach.
+
+The money that's being printed creates more debt than actual GDP. They have to stop but they can't.
+It's not processing, it cleared yesterday(Nov 16th) and I now have $350 less on my balance. The last two charges I have from that Wendy's are from Nov 10th($2.35 & $5.35).
+
+I'm not counting on keeping the $350 credit, but what is the law regarding this? Will they just take it back at the end of the month? I have no idea why or how this could have happened? How long should I wait before I do consider it mine free and clear?
+
+EDIT: Okay, just to curb any more comments, this mystery was solved by /u/bruinhoo. After calling Amex to confirm, it was indeed the sign-up bonus placed in the name of the vendor whose sale put me over the threshold to qualify for the bonus. Thank you again for clearing that up <3
+I've been working at Dennys a little over a month now and have not received an email from any payroll provider (ADP, paycom, etc.) for the past month, despite telling them and asking them consistently for an email from paycom.
+
+For 3 weeks i will tell them every time I come in but id consistently get blown off and told to speak to another manager as well, despite also trying to call the manager or get a hold of them over the phone, today i went to work and she was there so i told her i still didn't have an email from paycom yet, after she told me I'd have it the next day (4 days ago). instantly she tells me "i bet you that you do if you knew how to use an email" "it's probably in your archives" (I've checked it all repeatedly for days even my spam) I said I still don't have it ik it's not there and that I know how to use my email.
+
+then she proceeds to tell me to "quit coming at me I'm getting real tired of this and I'm getting real 'fucking' tired of you people, you should've told me before"(which I have) or spoke to another manager (which i also have) and I've even talked to her daughter who is also a manager there asking her if she could get ahold of her and was told no you have to find her when she's here.
+
+after being told to fuck off she walks to her office yelling and telling me to "go find a new fucking job and get the fuck out of my store and don't come the fuck back" (lotta Fbombs i know)
+
+so, I started recording, after recording she denies any bit of yelling or cursing or anything and threatens to call the cops with her daughter in the office threatening to as well.
+
+after I leave, I get an email 7 minutes later from paycom at 5:07 (i left at 5:00) which finally gave me the ability to log in and check them, but after checking i also found out I've only been paid for 3 hours of my first 2 weeks ($27) after working over 60hrs and they shorted me over $200 on my 2nd check.
+
+and i only got access to my incorrectly made paystubs after I got fired and threatened to have the cops called on me. keep in mind all this time I'm not yelling or attacking or anything the most tedious thing I could've said that whole time was "i know how to use my email"
+We are a couple from Australia who reached financial independence in our thirties, and are currently "unemployed and homeless". New to the sub and since there was some interest I thought I'd share our story! I'll make it short, and if anyone has any questions, no matter how trivial, please ask and we'll do our best to answer. I'm sure there's a mix of people at every stage of the journey on the sub, so there's no dumb questions.
+
+As students, we decided on the goal of owning a home, and shortly after getting my first full-time job we achieved that first goal. Initially, we were going to go the whole white picket fence in outer-suburbs, but changed our minds when we realised an inner-city apartment could offer more for our lifestyle at a similar cost. We had the idea we wanted to pay off our loan quickly, and thanks to a book "Your mortgage and how to pay if off in five years" by Anita Bell, we set our time frame of five years. That time frame seemed slightly far-fetched, but enabled us to calculate what our budget was: Annual disposable cash x 5 - interest = home cost. That figure was very low, but we found a small two bedroom apartment in the city. Thanks to keeping our student-lifestyle (actually, we lowered our expenditure from when we were students), and raises in income, we managed to pay that place off in four years. So then the question was dropped - what next?
+
+Neither of us were enjoying working life. By this stage we had better incomes, and a good deal more money coming in. The corporate culture was stifling. It discourages innovation, and keeps employees at ransom by threatening to take away that paycheck. Your boss decides if you'll eat, and if you'll have a roof over your head in the following winter - not the kind of situation that encourages open and honest communication. So the question was, do we reinvent ourselves and start a business, becoming our own bosses, or earn enough money that we can just say "Nope, I'm not doing that." without fear of firing. At the time, it seemed less risky for us to go for the latter, so that's what we did.
+
+For some time we'd been keeping track of our expenditure using a spreadsheet, so we could see how much money we needed at a minimum to keep afloat. We then planned out a diverse portfolio of shares, property, and cash/cash-like assets (allocating 1/3rd of our equity to each category), and calculated how much we would need invested to cover our expenses, plus a buffer for any inflation, if we were to get mediocre returns on investment. The magic number was just over three years of saving to get there. We decided we could slog it out in the workplace for that long, so we went for it. We started with a second property, as we already had a decent grasp on that market from researching our home, and got an inner-city students-only studio apartment; the kind of place that will never particularly go up in value, but always have a steady stream of renters. We used the time it took us to pay it off to research the stock market, and get a better understanding of how it all works. Graham and Dodd's "Value investing" seemed the best fit strategy to early retirement, and over the next year we allocated our equity between 10 different companies that seemed to fit the bill. The cash year was just chucking the money in a high-yield savings account. We finished putting our portfolio together before the three years were up, thanks to the cash it had brought in along the way, and financial independence was achieved!
+
+However, thanks to a contractual obligation, it would take us another year to quit our jobs. Of course, more than 100% of our income was going in to savings at this stage. We decided to use that extra money to "reward" ourselves for working longer than we had intended, and blow a chunk of it on a whirlwind tour of Europe. Doing the math, it turned out that if we travelled slowly enough, we could save more money on the road, rather than continuing to live in city Australia, and thus we decided not to blow that extra money, used some of it to fund a volunteering/charity project instead, and then our current lifestyle was born.
+
+We've been travelling the world now for just over six months, and we're on our 13th country since leaving home. The rent we earn on our home more than covers our flights, accommodation, and food, so it turns out we don't need the income from our "FI portfolio", so those years were wasted effort, but it sure feels good to have that back-up equity and income. Our trick to cheap travel is to take it slow, stay a week or a month in each location to get a long-stay discount on Airbnb and similar services (which can often be over 25~60% saving on the daily rates), try to get places with cooking facilities so you can make your own meals, and only take short flights or bus rides between countries, and avoid the long-haul with the hefty price tag.
+
+Main tips for FI:
+- Don't give in to "lifestyle inflation". As we get older, our expenses should go DOWN, not UP, as we learn new, smarter ways to do things. How much you spend is much more important than how much return you get on your investments.
+- Never do something just because "That's the way it's done.", always ask "Why am I doing this, is it really what I want, and if so, is there a better way of doing it?"
+- Don't underestimate the value of a strong online community, such as this sub, for solidarity, inspiration, and information. We frequented and contributed to a savings forum which helped a lot!
+- Our favourite sources for FI/RE info are Your Money or Your Life, Early Retirement Extreme, Cashing in on the American Dream: Retiring at 35, and Mr. Money Mustache. Ben Graham's Security Analysis and The Intelligent Investor were highly influential in deciding how to invest, as was Philip Fisher's Common Stocks and Uncommon Profits. The more you can read the better, of course, so don't stop there!
+
+So in summary, we bought a home and paid it off in four years, put together a portfolio to cover our other expenses in three, and have been travelling for six months. It wasn't always easy, but honestly it was fun having goals to aim for and added extra meaning to our lives. We don't regret how we did things, but we'd certainly do things differently if we had to start again.
+
+Hope that was interesting to someone, and if so, I'll happily answer any questions anyone has. Look forward to getting to know many of you on this sub!
+that quote is from this website
+
+[https://www.dailyfx.com/forex/fundamental/article/special\_report/2015/06/25/what\-is\-the\-number\-one\-mistake\-forex\-traders\-make.html](https://www.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.html)
+
+If this is true then why don't traders just do the opposite of what technical indicators and analysis would suggest?
+There are speculations that China would continue selling (and stop buying) US treasury bonds (especially as retaliation in the trade war with US).
+
+How this affect the USD (EURUSD, etc) price?
+Everytime I take a trade I have to use an online calculator to determine my position size but it's kind of annoying having to go back and forth between MT4 and the calculator. Is it possible to make MT4 automatically choose the position size based on my stop loss and risk %. For example if I only want to risk 1% of my total account and my stop loss is 40 pips can MT4 automatically choose my lot size?
+There are speculations that China would continue selling (and stop buying) US treasury bonds (especially as retaliation in the trade war with US).
+
+How this affect the USD (EURUSD, etc) price?
+Hey guys its me again, i wanted to gain "experience" / "insights" in price action trading/ forex in general from you guys in sense of the title. What did you wish you knew earlier or had done differently or focus more on some particular parts? Please leave your comments, its highly appreciated to know your past experiences :D
+
+Just want to show my thanks to the people who commented your comments really do help a lot even tho its just words but words are powerful 🙏🙏
+Just thought you would all be curious to know.
+
+  
+Oh and it made major technical breakouts this week, flashing some bullish indicators that it never had prior.
+Good evening Apes I hope this post finds you well,
+
+I'm your host u/Dan_Bren lets get right into it:
+
+Wanted to provide you all with an update for today. As you can see below there were no deep in-the-money calls purchased today.
+
+[GME Biggest Trades 4-12-2021](https://preview.redd.it/3mgbwc7d1us61.png?width=1226&format=png&auto=webp&s=c6ea20eb0c904426db05e0407ead39af6ac971af)
+
+This makes 5 out of the last 6 days with no large block trades of DEEP ITM calls. The one day being a relatively small amount (compared to prior block purchases). Short and sweet today. Hang in there (pun intended)
+The Senses collection is made up of these 3 avatars:
+
+​
+
+https://preview.redd.it/8r8tpg9aywk91.png?width=560&format=png&auto=webp&s=7f1841a41b0408d5c1126130a593cfe33b2b036a
+
+  
+"The Hands" avatar originally could be purchased on reddit $74.99. It was a series of 100 avatars. Yesterday #31/100 was resold for $1370.96 on opensea. The buyer has a collection of various other NFT's including a Bored Ape. The same guy also purchased "The Eyes" for $847.22. It was a series of 1000 avatars originally costing $9.99 each.
+
+https://preview.redd.it/904v38kfywk91.png?width=1376&format=png&auto=webp&s=89b8ed19ba8c7134a8544032c443d5729664b395
+
+This could just be someone buying their own avatars faking volume/interest but it would be a bit of waste of money since there is a 5% royalty on all sales.
+We’re technically in a bull market now because of the Dow increasing by 20% in the last three days. But we all know that this pandemic is nowhere close to over, we know that unemployment is skyrocketing, and that trillions are being pumped into our economy. Realistically, are we going back to a bear market in the coming weeks? We just came out of the shortest bear marker of all time as well.
+https://www.cnbc.com/2020/11/28/salesforce-slack-would-be-first-big-deal-in-boom-year-for-software.html
+
+Software acquirers have been quiet this year because the market rally in the cloud sector has made deals too pricey.
+
+Should Salesforce buy Slack it would be by far the largest software acquisition in the U.S. in 2020 and one of the biggest ever for the industry.
+
+Slack had a strong first half but the stock has sold off in recent months amid heightened competition from Microsoft.
+
+Investors should buy crm now after the dip. CRM is a cloud leader and it will continue to outperform the market. The past several acquisitions made crm even stronger.
+-If we count as one filing, then there are quite a higher number of people depending on foodstamps than numbers indicate. 
+
+-I assume foodstamps gets adjusted as people come off and on.  Does anyone have any facts stating the average length of usage and other info?
+This isnt something I have dealt with before. A house has gone up on the market near me for 15% under market. I dont think thats enough, but I'm sure they will budge. Theres nothing wrong with the place other than it seems to have been either a hoarder house or it once contained 15 cats. Or dogs. Or any animal that shits on the ground, really.
+
+The listing photos show every single room covered in actual shit. Mountains. All over the place. Even the garage has shit mountains cascading across the floor. The carpets are white but are mostly yellow because they have been serving as cat urinals. Now, the photos dont show a kitchen, which to me just means that the kitchen is somehow worse than the rest of the house.
+
+At first glance this looks easy. Rip up the carpets, replace the baseboards, maybe some dry wall, rent an ozone machine or 2, and thats that. I have no experience with this sort of damage, so I'm wondering if theres something I'm missing? This seems like the type of thing that looks simple but turns out to be complicated once you actually get to it. Havent decided if this will be a flip, rental, or if I might just move into it. I kinda like it. Thinking itll be a fix and rent, brrrrr or whatever term biggerpockets is selling these days.
+
+Heres a photo. Every room looks this bad. Some look worse: https://i.imgur.com/ed11BJQ.png
+It's fine and all that they're all drinking the index fund koolaid but it's enraging that RE investing outside of REITs is completely shunned. They're so obsessed over that 7% long term index fund ROI that when you mention that with some work you can expect to receive 15-20% CoC with rental properties people treat you like some sort of conartist.
+
+The part where none of those folks knowing anything about REI yet pulling bullshit out of their ass and slinging it as gospel is insanity!
+
+One guy was righteously telling me that ROI basis needs to be adjusted upwards monthly with your payments towards principal. And that as a result your ROI would drop if you end up paying off your mortgage after 30 years.
+
+Thread in question: https://www.reddit.com/r/personalfinance/comments/6fcp4e/financial_transition_where_to_invest_only_asset/
+It's our time!!!!  Many people have made millions off the stock market. I have contributed to thier wealth.  Now for the past year I been preparing my mind to be rich.  Search nice house, nice car, charity, even new BF for my wife.  If mind not prepared then some may paperhand quickly.  
+
+I am ready.  Been broke most of my life, grew up poor and believed that the way it always gonna be. I will be holding for my kids and grandchildren and family.   I been tweaking my floor for months.  More I read the higher it has gotten.  See yall on Mars. Hopefully I get to see the rings of Saturn. NFA
+When I was new to crypto, I made it a point to list down all the dodgy people who approached me online and tried to bait me into a scam. I posted my list a few months ago and a lot of other people chimed in with even more scams since then.
+
+Here's the updated list:
+
+#1. The Youtube/Facebook "live" stream
+
+Scammers download an old online event from a reputable company (ex: Apple) or an interview with a respected crypto personality (ex: Vitalik, Charles, and other cyrpto founders). They stream this on Youtube or Facebook with their own overlay text or graphics, and pretend it's an official or new event that's happening right now. 
+
+But it's a honeypot where they use the live chat to get victims from the people who are watching. They use the legitimacy and star power of the content they're streaming to lure you in one of the scams in this list because surely Apple wouldn't scam you right?
+
+**How to avoid:** Official events are announced in official channels, and not by a Facebook page called 'Cryptophiles Futures Advice & Investments Society".
+
+
+#2. Try my strategy platform bro, it's made me $40,000 DOLLARS already this month
+
+If you post or comment on any crypto subreddit, you will 100% get messages in your inbox. 
+
+Some of them will even be from people who are so kind that they want to help a crypto newbie like yourself by letting you in on their strategy, trading platform, or exchange. And it's free!
+
+Best case scenario is any coins or tokens you buy will be theirs for the taking and won't be withdrawable. What usually happens is they get your credit card info when you sign up. 
+
+**How to avoid:** Don't talk to strangers online. 
+
+#3. Oops I accidentally sent you my wallet's seedphrase please don't transfer my coins into your wallet
+
+This one is really funny because it preys on people who want to take advantage of others.
+
+Someone will "accidentally" reveal the phrase to their wallet that actually contains real Eth and other crypto in it. Opportunists looking for a quick buck will access the wallet, but to send it to their own wallet they need to send Eth to it first to pay for gas transfer fees. 
+
+Surprise! You just donated your Eth to a scammer because they have a bot that automatically seizes any Eth it receives. 
+
+**How to avoid:** Don't be an asshole.
+
+#4. This is official Binance/Kraken/Crypto.com helpdesk representative. You need help?
+
+When I was new, I asked your usual questions like how to trade, what are the recommended wallets,  and how do I stake. 
+
+Immediately after, I had these assholes send me grammatically painful private messages, giving generic advice and pretending to be from Binance or whatever. 
+
+Since I don't have a wallet yet, they pushed me to open one on their website. It actually doesn't look like a scam site, but of course they're fake copies of legitimate wallets. 
+
+Once you transfer money to this wallet, they'll rob you blind. 
+
+#5. "You need to connect your wallet to the dapps token interface"
+
+That's an actual message my friend received after asking a question on a reputable and rising 3-letter blockchain's subreddit. 
+
+They tried to confuse her with big words like that, then gave instructions to "help" her sort everything out. Eventually, it just led to them asking for her seed phrase to "troubleshoot".
+
+Don't. 
+
+#6. Limited time event! Send our company 1 ETH and we'll send you 2 ETH back. 
+
+I saw this first on Twitter, but they've expanded to Reddit DMs now. 
+
+Spoiler alert: they won't send you ETH back. 
+
+#7. My investments had an amazing month and want to share my blessings. Here's some free random coins!
+
+This is either a dusting attack or they just wanted to steal my coins straight. 
+
+How it works is, if you try to transfer, sell, or convert them you'll find that you need to visit a specific swap site and give permission for them to access your wallet. 
+
+By access I mean steal the contents. Don't touch them. 
+
+Vitalik is the only selfless angel in crypto and he's not in your DMs.
+
+#8. Search for [Wallet Name/Website Name] on Google
+
+These asshats start by giving good and accurate info about crypto. I actually learned a lot from them. 
+
+However, they tell me to Google the name of a real wallet or exchange to use instead of giving the actual site. 
+
+This is because they bought an ad so that their copycat site shows up at the top of search results, above the actual legitimate wallet or website. If I downloaded the app or wallet on their site, then they would've gotten access to my coins. 
+
+Only download apps and wallets from official websites. 
+
+#TLDR
+
+There are multiple scams that thrive in Reddit. They specifically target newcomers who ask for crypto help or advice in comments/posts.
+Obligatory this is not financial advice – read on at your own risk and make sure you are comfortable with your own trades. The old age saying of only put money into Crypto that you are prepared to lose is extremely valuable. This post will aim to give you a bit of an insight into how I became successful in trading crypto and give you some real examples of how I read the charts and try to minimize my risk. Day trading or swing trading is not my only tactic, it took me years to get comfortable with a strategy that is successful so I’ll also hopefully give you some tips and tricks that will allow you to also get more familiar with the trading concepts, but while minimizing your risk profile.
+
+This is my own way of trading and accumulating more crypto - I'm not a professional trader and I don't pretend to be the next big thing. But I've learned a lot over the last few years and have come up with something that works for me - this post explains some of the logic and trading fundamentals that I think about. The post is not to shill any project - it is honest with what I held/am holding - but how and why I did what I did is the important lesson here, not to blindly copy my portfolio or style. You need to get something that works for you.
+
+**My Crypto trading fundamentals**
+
+These are some of MY fundamental principles with crypto – again it’s not an exhaustive list and I’ve built this up over the years – but some of these set the foundation reasoning as to why I did what I did. My strategy is far from perfect, but my main aim is to accumulate crypto over time and trust that the fiat value will take care of itself (assuming I backed the right horse) Hopefully you’ll see some of the examples in my journey below – but if you want a tldr version of my post summary, then the below list is where to go.
+
+1. Research every project you invest into – for 3+ months before you invest. If you cannot explain it in simple terms to a non-technical person (e.g. your Grandma) as why it’s a good investment and what the niche is – you didn’t do enough research or the project is just shit and should be avoided.
+2. Do not touch leverage you fucking degenerate
+3. Make sure you have the keys / control your own crypto (the majority of your stack should be held offline, but you can trade some of your portfolio on a reputable exchange e.g. Coinbase/Kraken not some tiny shitty one with that has higher chance of going under)
+4. Never FOMO – if you miss a spike and pump, you missed the boat to buy more. YOU CAN ONLY SELL into a spike, NEVER BUY. Likewise if the price drops, YOU CAN ONLY BUY into a dip, NEVER SELL.
+5. NEVER BUY back in higher than you sold for – even if that means holding fiat for months/years
+6. Get a strategy and stick to it – as in do not change your mind. You can continue to DCA, but only review your portfolio/strategy every 6-12 months and see if the landscape has changed and you want to do something differently.
+7. Remember it is 100% impossible to perfectly time every single trade (unless you’re a whale with 1B+ in crypto assets that is a market maker). Do not get worried or panic that the price goes the wrong way – you cannot time it perfectly. You do not need to get every trade right – you do not aim for 100% perfection, you just aim to get more winners than losers.
+8. Never sell at a loss! (There is a couple of exceptions to this – if you review your portfolio after 12 months and want to change into another project then this is ok. Also if your project goes into a death spiral (see LUNA) – then you’re better to get out with 5% of your portfolio than 0.001%)
+9. Have multiple exchanges ready and with KYC completed – don’t just have 1 exchange that could have downtime during a big spike and leave you holding the bags.
+10. Do not trade emotionally. Make sure it fits your strategy and principles
+11. Plan your exit strategy upfront so you can execute it without emotion – this is part of defining your strategy. Do not try to come up with your exit plan during the hype phase and chase the potential gains – you will never time it perfectly and chances are you fail to cash out enough. (Example strategy, for every x2, cash out 10% so you never lose your entire stack)
+12. Lambos are for noobs – when you get money for a super car you will not want to buy one. Porsche's are far better machines
+13. I always want some exposure to crypto (never cash out 100% of the portfolio fully to fiat or stablecoin)
+14. Do what the opposite of the market says – so check the fear and greed index. (It’s the same as the 2nd point above. Buy when it goes down and sell when it goes up.)
+
+​
+
+https://preview.redd.it/wu7c7zmhi6f91.png?width=594&format=png&auto=webp&s=547cf4a264d37d1eefc4d1f30ae0aaa8d35c2b6e
+
+**Where it all started**
+
+Living in the UK, my first exposure to crypto was mining Bitcoin back in 2012 at University. I joined a mining pool and mined maybe 0.5 BTC which was worth almost nothing, and it’s gone to live with the crypto gods in a landfill somewhere in the South-West. Then I did almost nothing for several years – not even really following crypto developments because I had absolutely no money to buy anything with. (I was a student that used any spare money for beer – I have absolutely no regrets)
+
+Then at the beginning of 2018, I was encouraged to make my first big mistake in crypto. I was ‘advised’ by my step-father to invest in XRP, because it was almost a sure fire bet. I think I started to buy in on the way down around £0.90 and the price never recovered. What a brutal landing into crypto – I was almost dissuaded, but then I sat myself down and tried to plan out a longer term strategy that would be successful.
+
+**DCA is your friend**
+
+My average price was £0.90, on an XRP that was only going down. I was in a lucky position that I was still young (under 30) and being able to make investments while still having my own house (that was priority number 1 which is why I didn’t invest in crypto from 2012-2018 – ask yourself also should you invest in crypto if that money should be better spent elsewhere like a house / medication / car etc). My thought process was – lets go big or go home. If it all goes to 0 – I’m young enough that I can build up another portfolio for retirement. Many people don’t even start in their 20s so if it all goes tits up, I can start again with something safer like stocks in my early 30s.
+
+So what did I do? DCA. Every damn month without fail, I was buying up XRP. I was not trying to spread my portfolio into many different projects (I was not researching much about crypto and to be honest, I cannot follow 10+ projects properly, I would rather follow one in more detail – again part of my own strategy. I wanted to understand what I am investing in)
+
+​
+
+https://preview.redd.it/0hoob3aji6f91.png?width=601&format=png&auto=webp&s=699668d1109d3a981ddd7c5b7da153fa11fd72fc
+
+By the start of 2019 – my portfolio looked something like this, continuing to DCA, the portfolio value was increasing and just about made it to a goal of 100k XRP – I was pumped. My wife (gf at the time) was a little less amused, she didn’t understand this at all and thought I’m just throwing away money in
+
+**Researching a backup plan**
+
+So XRP didn’t have a great start, the price was going down and I managed to get my average price to €0.30. (Yes it’s euro’s now not £ – I moved to live in the Netherlands in 2019). I continued to DCA but I was starting to think that maybe XRP was not the only horse I should back in the crypto race. This is when I started to spend a lot more time researching other projects and getting to understand the fundamental differences and the terminology (PoW vs PoS etc).
+
+2019 was where I made my riches, but I only continued to DCA into XRP. That doesn’t make any sense right? No, you’re wrong. RESEARCH! It is so damn important, the average investor is dumb as a brick and there is so much stupid money in the financial markets its insane. (Don’t get started on DOGE or TESLA stock – but they are prime examples where things are worth way more than they should – it defies logic).
+
+I was reading up about new projects and trying to find the new project that could come good – I didn’t want a super high risk micro cap that had a big change of going to 0, but also I didn’t want to bet on the big 2… BTC or ETH. So I looked at Coingecko and my strategy was to find a good project that had promise in the top 30. Let’s take a look at the crypto market cap ranking from the end of 2019:
+
+​
+
+https://preview.redd.it/ckuzn7kki6f91.png?width=602&format=png&auto=webp&s=0c432f6f2c64853dba2535048ffb0ff4894dce35
+
+Not all of these projects lived up to their hype – many have come and gone but some have stood the test of time. I was looking for something that would still be around in 3-4 years and ad the potential for more explosive gains. (Logically it seemed less likely to me that BTC would go x10 compared to say Monero which was ranked 16).
+
+So I spent most of 2019 researching up on projects and getting to find their project communities. **This is a key point** – facts and news are hard to come by in crypto. The best source you can get is from the project itself where you believe you can trust them (there are scam projects and rug pulls of course – if they sound too good to be true then it probably is). But do not rely on crypto news outlets or YouTube shills to give you your crypto news. It’s 2nd hand information and you also receive the info after other people have bought in – they are unloading their bags on you… Don’t be a mug – see fundamental point 2.
+
+**My first portfolio rebalancing**
+
+So 2019 has come and gone, I’ve been researching crypto and start to understand a bit more about projects. (I can understand and explain in simple English what the top 15 projects are trying to do, and explain the advantages/disadvantages). XRP was going nowhere and I decided, I’m going to change my strategy. So I sold my XRP and bought ADA. I cannot remember the specifics of what I got out at on XRP, but I had about 100k tokens from DCA and went 100% into ADA and continued to DCA. My average buy in for ADA at the half way point of 2020 was about €0.06.
+
+Why Cardano? It seemed like a well funded project that was doing things the right way and I had confidence they would be around in 3-4 years and the risk vs reward looked actually in my favour. (Risk was medium with a good potential – at least that’s how I viewed it). Again I’m still prepared to lose everything, but I see that from 2020, ADA looks like it has a brighter future than XRP and it’s time that I eat some humble pie and change direction.
+
+I did not FOMO and change my strategy when things were not going great with XRP at the drop of a hat, I took my time and made sure I had a solid strategy and logic behind my next move. The biggest fuck up crypto and especially day-traders will do is panic and try to ‘get back their losses’. The past is done and in the past – you can only change the future direction you’re going in so do not get emotional and hold onto the ‘what if’. **PLAN YOUR NEXT MOVE AND STICK TO THE PLAY!**
+
+**Staking**
+
+This is not written as an ADA shill, but the big reason I went into Cardano was that I liked their PoS model (there were other projects that had this potential so I could have chosen another, but this is what I picked). Cardano with PoS seemed much fairer than PoW and much more energy efficient. I have to be honest – compound interest is what really got me. At 5% returns per year – you can double your investment within 14 years. TIME IS WHERE YOU MAKE YOUR MONEY with compound interest, set it and forget it!
+
+​
+
+https://preview.redd.it/17zucy3mi6f91.png?width=602&format=png&auto=webp&s=b350cb79b78b26759b4783b9d12f74dc20c0684e
+
+The saying of ‘look after the pennies and the pounds look after themselves’ seems like something your Grandma tells you with her words of wisdom – but this is how pension funds make their big gains over longer time periods. This is why I love staking and think it’s a legit way to accumulate more tokens. If the price remains stable then you’re happy earning rewards!
+
+**Following market pairs**
+
+Staking after a year and continuing to DCA.. My ADA portfolio was growing. The price was also starting to increase and ended 2020 at around €0.20 – I was now up on my €0.06 average and a bit happier – my perseverance and strategy was starting to pay off. DCA during that bad years of 2018 and 2019 had grown my portfolio in terms of fiat, but then the switch to ADA was what made this play successful.
+
+Tracking market pairs is really important – when it comes to rebalancing your portfolio it is probably one of the most important metrics to look at. I do not like looking at the charts of each token in USD or EUR because they often are pretty correlated, I want to see the strength of 2 projects side by side, so make sure you follow the charts of a specific pair! See XRP/ADA example
+
+​
+
+https://preview.redd.it/v21hzkmni6f91.png?width=602&format=png&auto=webp&s=3aacfe2d3825a163383309732080e6b5ad545101
+
+**Swing / day trading doesn’t seem that difficult?**
+
+Swing / day trading seems so easy right? But the stats seem to suggest that 90% of day traders lose money. They are correct – most people fail with fundamentals and panic. They rush into something and FOMO or invest in something they don’t understand. Following some of my fundamentals above should help you combat some of this – but again it is not easy.
+
+How did I start?
+
+Well, for the end of 2020 and beginning of 2021, the price of ADA continued to go up but staking and DCA was getting a bit boring. I wanted to look into getting alternative methods to increase my stack and I was getting more confident in crypto having spent longer here. I wanted to dabble with day trading but I was a bit concerned I could lose money and wanted to ‘test the waters’ before I jumped in with both feet.
+
+So I started to manually track what trades I would make based on the current price in excel. I never actually made the trades – but I would say to myself, this is a prime selling opportunity – lets play around with selling 5% of my ADA stack and trying to buy it a bit lower to increase our token amount. I’d then manually say to myself – ok this seems like a nice time to buy back in and would manually input into excel what I would have made, and I did this for 6 months without even trading anything!
+
+Then the moment came – after being successful in trading (hypothetically of course) the time came to put my money where my mouth is and start to trade with my own money. This is psychologically a big barrier to overcome and will test your nerve – but you need to have the stone cold killer mindset. This is just you executing a plan and strategy without emotion – you do not FOMO. You simply look at the charts/numbers and if they tell you to sell, you sell.
+
+**My swing / day trading principles**
+
+These principles are on top of the crypto fundamentals I listed above - again these are MY principles that I use to execute - you may disagree with what I do but this is how I am happy with balancing my risk profile.
+
+* You can only trade when the market is volatile – so if it isn’t right it isn’t right. You cannot force it. I can trade multiple times a day for several weeks in a row then go for a month or 6 weeks without trading anything! I never try to force anything and only make the trade when my gut says this ticks all of the boxes
+* Sell into pumps – market wide pumps or project specific is fine. (Project specific pumps can last longer than market wide pumps on a day trading scale – so you need to check the rest of the market. If your project is up 15% and the entire market is flat – maybe check a bit more into why this is happening and time your exit over the day (read this as DCA out))
+* Set yourself a maximum amount of your portfolio that you will cash out into pumps (e.g. Lets say I hold 100k ADA, I will only ever max sell 20k in 5k increments as the price keeps going up – if it continues to go up then I hold the remaining 80k and wait to rebuy. If the price never comes back down – then I’ve just taken profit on the way up and hopefully it’ll be pennies in comparison if it is a legit moon shot and you won’t feel so bad)
+* Check the volume and order book for your project on your exchange! See what the support levels look like (if there is a big wall at a psychological level e.g. 20k for BTC – probably it bounces off – so it’s an ideal selling opportunity to buy back lower) – if the trading volume if high on a specific day – then it’s a great opportunity to dump your bags and buy back in cheaper1
+* Do not try to time your buy back in to be perfect – you won’t catch it at the fullest extent of the dip. For my tactic – I refuse to buy back in without making 2% on an individual flip – with the aim to complete this 4-5 times in a day if the markets are volatile – trading on 15 min charts. (The project can start and end the day at the same level but if can flip 2-3 times then I am growing my stack while the market is relatively flat). I personally, will go for bare minimum 2% on a flip, but can be upto 15% if the market tanks. I’m not holding fiat for long max 1 day if the markets are going down but also if the price continues to go up – I’ll sit and hold for as long as it takes to buy back in even if that takes months (again I only sell max 20% on my stack in smaller increments) – I am not looking to time it perfect and do not think in fiat terms. I think about how much of my ADA I was able to get each trade.
+* Build yourself a tracker in excel where you can track your trades and give yourself some perspective on how you are getting along – bonus points if you build yourself out a compound interest calculator & exit strategy into it to.
+* I only make trades when I can manually do them myself when I am awake – meaning I do not set limit orders. I want to be in a position to make the trade myself and reach the market sentiment and charts – again this strategy might hinder me – but it’s what I’m comfortable with. (Only exception to this can be setting a real low buy price and hope some idiot fat fingers a trade – these tend to happen maybe once every 3 months on Kraken/Coinbase for lower liquidity projects and you can hoover up free money this way – best fuckup someone ever made for me gave me 5k free ADA lol)
+* Always have a small % of fiat available to buy a ‘black swan’ type of event – or a big unexpected dip. I don’t believe crypto will disappear but I always have some fiat on hand separate from my normal day trading money ready in the event the market turns bad and you see 40% discounts across the board in a single day.
+
+**2021 – the year of ATHs**
+
+2021 was incredibly and absolutely life changing. I managed to execute my exit strategy and buy myself a nice house and Porsche GT3. Pic of the beast for those car enthusiasts: [https://preview.redd.it/z7n5mh53dnt71.jpg?width=960&crop=smart&auto=webp&s=ea7ff4d2c4cad3ae1522c434a954c58f35030736](https://preview.redd.it/z7n5mh53dnt71.jpg?width=960&crop=smart&auto=webp&s=ea7ff4d2c4cad3ae1522c434a954c58f35030736)
+
+I cashed out max 50% of my stack and continued to stake, DCA and swing/day-trade. Getting to a point where at the end of 2021 I had traded over $40m in volume and a net worth of over 7 figures. It’s absolutely unthinkable to me that this was possible and I still pinch myself to this day – all of this is not real and just numbers in an app somewhere until you cash out. Life is too short and you can get hit by a bus tomorrow – make sure you do take advantage and cash out some of your profits (even if you’re a little crypto shrimp and that is taking your partner out for dinner instead of buying a house) – get something out of it! If crypto goes to 0 – you better be damn sure you come out of it better than you went in.
+
+**The second portfolio rebalancing**
+
+ADA had given me incredible returns, with a DCA in and a DCA out – for the profits I was taking I was up x25. It was time to start planning my next portfolio rebalancing. I’m always continually researching and reading up on crypto – so I already had an idea on where my next project could be (I’ll mentally have a top 5 other projects that I would invest in to be prepared). In the summer of 2021 I decided to exit my ADA position and move into LRC – where I remain with 100% of my position until this date. I continue to swing / day trade successfully albeit with lower volumes because the market is not pumping.
+
+**Where do I think I can improve my own strategy?**
+
+This is a difficult one – but probably having a better strategy for bear markets. I do great selling into pumps – but if the market is going down, I only have so much fiat to be able to buy the dip. I will continue to DCA but I should be looking at the MACD trends and be able to accumulate more on the down trends. I could improve this by cashing out more on the bench and waiting for a longer dip to take place – but I get anxious with less crypto exposure. (I do not want to miss the pump). Therefore one of my strategies is to make sure I never cash out all of my crypto – only small %’s at a time. (Remember my goal is to acquire more tokens without exposing myself to holding large amounts of fiat to miss a pump - I hope I backed the right horse and over the medium-long term - the fiat value of my stack will take care of itself)
+
+Also as my portfolio grows even more – I should start to invest into other projects and split the risk rather than going 100% in one project (I know this – but I do not have sufficient time to research 5+ projects sufficiently enough and stay up to date with the news - I will de-risk in the future and spread my eggs in multiple baskets - this will probably happen in my next portfolio rebalancing)
+
+I hope my journey was an interesting read and you maybe learned something new. My journey is far from over and my biggest advice is to just plan and research your own strategies that you can execute. If you do this – then you are much more likely to be non-emotional when it comes to trading and that is where a large amount of the 90% of failed day-traders go wrong. I don't just use 1 technique to make money with trading - I use several. My main ambition is to increase my stack size, whether through DCA, swing trading, day trading or staking. 
+**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 ;)
+There have been plenty of great threads explaining what to do after the squeeze has squozen. One of the points is to seek legal advice. I’ve been seeing lots of questions asking what kind of lawyer to look for etc, so here’s my contribution: an overview of how to get your legal affairs in order.
+
+Obligatory: This aims to give you a general idea of where to start. This is not legal advice and I am not your lawyer; I'm just a bunch of pixels on your screen. Everyone’s situation is different, the legal jurisdictions span the globe, and the only person who can advise you is your own personal attorney.
+
+That being said, here’s your quick and dirty guide to getting your legal affairs in order. Some of this applies regardless of whether you have money or not btw.
+
+In no particular order:
+
+**1. Don't tell anyone**
+
+Seriously, other than your partner (cause let's face it, an omission like that might not do your relationship much good), don't tell anyone. Let things settle, come up with a plan, and if there's a reason to tell anyone anything, you can figure out to what extent to do so. Vague, oh, yeah, got lucky and managed to pay off the house/car/whatever, goes a long way.
+
+**2. Do you have a will?**
+
+If not, do so now. It doesn’t have to be complicated. Find out what the bare-bone requirements for writing a will are in your jurisdiction and do that right away. Is a hand-written will sufficient? Write one. Need a witness? Find one. You need to do your own research here.
+
+The will doesn’t have to be complicated for now, that can come later. Right now, you want to make sure that if you get hit by a bus en route to buying a lambo, your loved ones are taken care of. Leave everything (or a little something) to your family, your friends, your local animal shelter, the red cross, your pet gorilla if that peels your banana, but MAKE A WILL.
+
+**3. Is your money protected in the short term?**
+
+This varies hugely by country but check how much money in your account is insured should the bank go bankrupt (and if we assure that there is going to be a crash, this is a very real possibility). In the EU, 100,000 euro is insured per ~~account, I believe~~ customer per bank. This means anything over 100,000 would disappear if the bank went bust. So it may be worth considering spreading your money about until you come up with a long-term plan.
+
+[More info here.](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en)
+
+**4.** **Find a lawyer**
+
+You’ll need legal advice. When you call up saying you’ve come into a substantial sum of money, you’ll probably get a free initial consultation where you can discuss with the lawyer(s) the general situation and they can point you in the right direction of what questions you need to consider (making another will, setting up a trust, setting up a charity, protecting your business, managing your money, etc.). Depending on the firm, they may offer financial advice, if not, you need to find a financial advisor (we’ll get to that in a bit).
+
+When you go to find a lawyer, you’re looking for a boutique, mid-size or large firm. They will have lawyers specializing in different areas and can offer a full-service package to cover all your needs. Don’t go to a solo-practitioner, because they are often highly specialized in only one area and that’s not what you’re looking for (shout out to all solo-practitioners out there, ya’ll are awesome).
+
+The areas of law you need to be looking for are tax law, asset management, private wealth, inheritance, trusts, etc. You may have to call around a bit because not all firms deal with private clients, only businesses.
+
+**5. Do you currently own your own business/are you self-employed?**
+
+You need to be making sure to protect your assets from claims against your business. If you’re self-employed, you are generally liable with your full personal capital, so you need to find the best way to structure your assets. Talk to your lawyer about this.
+
+**6. Find a financial advisor**
+
+This is for the longer term. You need to figure out what to do with all those tendies. Does it make sense to set up a trust fund for your kids? How can you protect your assets best? How can you make sure you are correctly paying taxes? Apes don’t avoid taxes, unlike Wall Streeters. When you look for a financial advisor, make sure they are fee-based, be it for a flat rate or an hourly rate. Do NOT go to a financial advisor who works on commission, they will recommend what is best for them not for you. It’s also never a bad idea to get a second opinion. You can afford it.
+
+Addendum from the comments:  And make sure he/she is a “fiduciary”. There are a lot of “financial advisors” out there that have never managed large accounts or sell whole life insurance products. A “Fiduciary” is legally bound to make financial decisions on your behalf and to protect you from bad decisions. They manage your risk and act in your best interest over their own.
+
+**7. Don't forget to put money aside for taxes**
+
+You need to research how this works where you are. If your broker doesn't automatically deduct the taxes, you need to figure out how much you owe and PUT THAT MONEY ASIDE. I cannot stress this enough. If tax authorities around the world have one thing in common is that they WILL come after you for taxes owed.
+
+For the US and Canada, one of our wrinkle-brained brethren made:  [https://taxmytendies.com/](https://taxmytendies.com/)
+
+**8. Let’s talk about your relationship**
+
+Hopefully, you’re all in happy, healthy relationships with your wives and their boyfriends. If not, if these tendies are a way out of a bad relationship, speak to a lawyer for family law, and do so sooner rather than later. These situations are complicated, and you need to protect yourself as much as possible. Look into making a separate bank account in your name and put your tendies in there. First and foremost, make sure you are SAFE. As an aside, if you are in a bad situation, regardless of your financial situation, there are shelters, etc. out there to help you.
+
+**9. “Hurry up and moon so I can quit my job”**
+
+Don’t quit your job. Hear me out. Make sure you have all your bananas in a row before doing anything rash. If you suddenly have a huge amount of money in your account, that’s going to make you want to do crazy things. But it’s important to keep calm, take a breath, and make rational decisions.
+
+Americans - is your health insurance sorted? Especially if you have pre-existing conditions and/or other people on your insurance. Make sure you have access to health care.
+
+Are you working in a job you hate where people quit all the time at short notice? Once you have everything in order, go for it. You don’t need to be miserable a minute longer than necessary.
+
+Are you in a job you like and may consider working in that field again, perhaps after a hiatus? Don’t burn bridges. Find a way to leave so that any employer you may choose to work with in future will hear good things about you in a references check.
+
+Are you self-employed? Wrap things up as best you can before quitting. Don’t leave clients in the lurch, that would be an asshole move.
+
+**10. Be awesome**
+
+Thanks for reading, I hope this helps clarify a few things a little. I'll try and answer any more questions you have. Please remember, this may be life-changing for some, but for others out there, this could be life-changing in a disastrous way. A lot of people will be hurting.
+
+Go forth, have fun, be kind, be humble and be BETTER THAN 'THEM'.
+
+​
+
+Edit: to add from comments.
+
+Sorry if it's the wrong flair, other checklists had the DD flair, so that's what I went with.
+
+Thanks for silver and gold, kind apes!
+
+Edit 2: Addenda from the comments:
+
+1. Fi:Re; Visit the subreddit: [https://www.reddit.com/r/financialindependence/](https://www.reddit.com/r/financialindependence/) . I believe in stealth wealth. And even if you get really rich, you still should be mindful about spending and setting up a plan where you do not have to work again (should you choose to).
+2. Wealth Services. [https://www.vistra.com/advisory-transaction-support/wealth](https://www.vistra.com/advisory-transaction-support/wealth) . As a disclaimer, one part of me is surprised that these guys didn't get into a Panama Papers like scandal yet given the space that they are in. BUT their website highlights things you should think about (e.g. family business, wealth succession, family governance, philanthropy, investments & transactions, liquidity planning, residence/citizenships)
+3.  Insurance - umbrella, up car limits, liability insurance etc 
+So we are in the fat category, but we have a 2 year old without any help nearby. So we are pretty much still working full day everyday 6:30am - 9pm. We have hired nanny before, but due to my son’s ASD we are no longer doing that. Sometimes, I just wonder what the heck are we using being Fat for, when we are so exhausted, still taking out dishes every morning sleep deprived, vacuuming after food on the floor, etc. This was not how I imagined life to be, and being not feeling comfortable to travel with him in this pandemic time who has special needs is also wearing us out. I miss our old life where we used to sit for a fancy meal for 4 hours and not worry about a thing! (I know we have a lot to be grateful for, so I’m sorry if I’m coming off sounding negative).
+
+I’m just looking for some other ideas where we can feel like we are treating ourselves or pampering ourselves while we are still locked down with a toddler who can’t get vaccinated and also have special needs. We already do a bunch of delivery and takeout food. I was thinking I can buy something nice, but honestly I feel what’s the point since we don’t go out or see anyone right now. I was just wondering if anyone has any other ideas on how to put our money to use to feel a little better and less tiring.
+ 
+
+As the title says - I'm1/3 beneficiary of a 75m estate with 25m in taxes due.
+
+​
+
+My late relative passed about a year ago in my most recent conversation with the trustee (who is also 1/3 beneficiary) they estimate that the current tax balance is 10+ million after what they have calculated with the accountant etc. The rough numbers of from what the estate is bringing in is 1.2m a year NET.
+
+​
+
+All the assets (primarily real-estate) is paid off free of all encumbrances. They seem more on the side of wanting to hold on to all the property and wait to pay off the taxes. Our rough math on in our chat put us at roughly 10 years to do that. The trustee will ultimately have final say but we have a good relationship and I think they value my input.
+
+​
+
+Personally, I'd rather not wait that long to start receiving any cashflow from the inheritance.
+
+​
+
+I also understand not wanting to sell paid off real-estate. At the same time... I think... what's the point.
+
+​
+
+If we were cash flowing that would give more opportunity for other investments to grow in that 10years time?
+
+​
+
+Assets are all in CA. roughly 3 multiunit apartment complexes, A hotel and property on the coast, 1/2 ownership of a shopping center and other misc. partnerships/LLC's etc.
+I am not referring to abandoning financial discipline altogether; I think I will always focus on valuing my free time over material possessions, seeking out an alternative lifestyle and avoiding the hedonic treadmill.  I am still on board with all of those things.  
+
+I have spent a number of years reading forums on these topics, as well as reading blogs periodically.  It just seems like the discussions become recycled after a while, the blogs while occasionally inspiring at this point there isn't much new to be seen or heard.  
+
+I have had a tremendous appetite in the past for reading as many of these discussions as I can and I just feel like I'm losing steam.  Just wondering if anyone else has felt this way, perhaps taken a break from reading forums and blogs, etc.  I wonder if part of the process for me has been trying to figure out exactly where I fit in regarding how aggressive I want to be, and perhaps I am just reaching a point in time where I have a better idea of what I want from a lifestyle standpoint/savings standpoint than I did previously......
+Those whole GME / AMC thing seems awesome. I'm loving it. But I'm not getting the concept of why the short sellers aren't just cutting their losses now while theta is chewing the shit out of them and their losses continue to increase. Do they really think the bottom is going to fall out at the last minute...so much that they would risk billions more? I've gotta be missing something here...what is it?
+https://www.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d
+
+>Lossmaking UK energy provider Bulb Energy is racing to secure its future and has asked its main bankers to help find new sources of funding as record wholesale energy prices create turmoil in the sector.
+
+>The start-up, which supplies electricity and gas to 1.7m UK customers, is being advised by longstanding bankers Lazard as it explores its options, people with direct knowledge of the matter said.
+
+>Those options include raising new funds from investors as well as talking to other suppliers about a potential joint venture or merger, these people said. In those approaches, Bulb has been highlighting the quality and size of its database of customers.
+
+>One potential new backer approached about funding Bulb said it would be difficult given the current environment. 
+
+What happens if you're a Bulb customer and they go bust?
+Live via his twitch/reddit AMA https://www.twitch.tv/reddit
+
+Update: Here is the recorded video: https://www.twitch.tv/reddit/v/113771480 - its at 01:58:00
+Hi guys, went to see my doc yesterday after numerous test they diagnosed liver  cancer and give me about 8 months, i'm 57, wife 55, two kids age 25 and 19 living with us. Need to develop plan and get everything in order before i expire. Any and all advice is appreciated. No will, no power of attorney ( based on advice i will get this done), owe 190k on mortgage, i work for county make about 65k a year, wife works at hospital makes about 35k. what documents, etc should i prioritize? have about 50k in deferred comp, been at job 20 years, not sure if they will qualify for any social security benefits, have about 400k in insurance two policies, pretty sure i qualified for pers (Oregon Pers) pension, will be checking with HR
+
+Just trying to plan ahead and get everything in place. shared my google email account with family and plan to create spreadsheets with all accounts, passwords, etc. 
+
+edit 1, wife is not financially inclined.
+edit 2, thanks i like the idea of paying off the home and getting something smaller.
+edit 3 home currently financed at 3.0%
+edit 4 plan to work as long as i can, have about 400 hours vacation and 150 sick times saved
+edit 4: will speak to attorney 
+
+Thanks   
+
+Thank you for your generous kind thoughts.
+
+Edit, thanks for great advice, created a few spreadsheet, financial, lawyer, burial, and mental health to track all the great info, thank yo so much 
+Don’t get me wrong, I’m not jumping with joy either, but I was shitting myself during the 2018, March 2020, and May 2021 crashes while pretending to be okay… This time I don’t really care. I’m a little upset I didn’t set aside more cash to buy in a bear market, but looking forward to working and investing as much as I can if we go really low. 
+
+I’m not happy we’re going down but I’m also not shitting myself, just kind of whatever about it. If we go up from here, great 👍 I’ll sell some. If we go down from here, fuckit I’ll buy some.
+I can't really share this with a lot of people in real life, so I'll share it with you fine folks instead.  As of this morning, my mortgage is officially 100% paid off!!!!  Woot-woot!!!
+
+The current iteration of my FI-journey started after my divorce.  I was 28 years old, earning about $55k/yr and had $30k in debt.  Over the next 5 years, I saved my ass off and made a strategic move across the country for a higher paying job.  I bought my house at 33 and had $100k in the bank.  I immediately started on an aggressive repayment plan that would have seen it paid off in about 10-15 years.  A much larger and sooner than expected inheritance gave me the opportunity to pay it off even earlier.
+
+There was a lot of number crunching and going back and forth in the decision-making on paying off the mortgage.  Initially, I was going to invest 100% of the inheritance and continue on with the mortgage as planned.  After running the projections though, I was surprised to find that paying off the mortgage didn't negatively impact my FI-date.  Plus it has the added benefit of freeing up enough monthly income to give me some breathing room and increase my savings rate.  
+
+So here I sit, at age 36, with a $100k/yr salary, a paid off house, plus $500k in investments.  Thanks to a lot of hard work, good decisions and some luck, I'm a looooong way from where I started 8 years ago :)
+
+**Edit**
+
+Some more details for those interested.  I never really tracked my savings rate, as I never found it to be a useful metric.  The inheritance was $480k. The relative who passed lived in a hyper-inflated real estate market, and they had no assets apart from their house.  It was a little under a year from when I received the money to paying off the mortgage.  Once I made a decision to pay it off, I elected to wait for the next renewal date to avoid penalties.    
+
+**Pre-Inheritance Numbers**
+
+- Consumer debt - $10k
+- Mortgage - $160k
+- Personal Savings/Investments - $170k
+- Company Stock - $30k (bonuses paid 100% by employer)
+- Salary - $90k/yr
+- Projected FIRE - age 50-55
+
+**Post-Inheritance Numbers**
+
+- Consumer debt - $0
+- Mortgage - $0
+- Personal Savings/Investments - $190k
+- Company Stock - $40k 
+- Savings/Investments from inheritance - $270k
+- Salary - $100k/yr
+- Projected FIRE - age 45-47
+So. On Wednesday, I set up an offer in Mycelium app to sell 3 BTC. This guy got back to me, asking for my Telegram ID. After a little chat we decided to meet up in Rotterdam, the meeting point we agreed on was Marriot Hotel.
+
+3 guys showed up, one of them was aged around 25, had a Belgian phone number, claimed to have a business in Belgium etc. Other two were 45+, looked like Romanian to me. They spoke French to each other. We had a little chat, youngster started telling how long he’s been trying to convince his uncles to invest in Bitcoin, to me they sounded like Bitcoin rookies. After a while the uncles offered me to go to the bathroom with them to count the money, my friend stayed outside with the youngster. As we got inside the bathroom, I checked the notes for different security features, everything was good and I handed the stack back to him to put it in the envelope for me. Big mistake.
+
+While walking back outside, one of them told me to stay between them, as to leave an impresson they are afraid of me running away with the money. Fair enough. That injected me with confidence about the whole deal, made me feel I’m holding something precious. As we got back outside, I told my friend everything was ok. We transfered the coins. Then, after a couple of confirmations, the uncles invited my friend to the hotel lobby to discuss “future business opportunities”. Probably done to prevent us from discussing the matter and distract us. I stayed outside to talk to youngster about life in The Netherlands, parties, etc. Then after few minutes we said goodbye.
+Got back to the bar across the street, walked in the bathroom to put the money away. Needless to say, the envelope was filled with fakes. Game over.
+
+Guys, please keep your eyes opened. Trust no one. All they need is a fraction of a second to abuse your trust. Double-check everything. Good luck! <3
+
+
+Edit: Thank you peeps for all the compassion and good advice. I definitely learned a lot from it, hopefully someone else will, too!
+THE NEXT TWO WEEKS
+
+Dearest Autists and Apes, diamond hands, diamond tits, diamond balls, one and all.
+
+I come to you today, NOT to foretell the date of the MOASS, for while its certainty is assured, its timing remains shrouded in mystery still, even to those magic-8-ball wielding wrinkles who have revealed the way so often in the past.
+
+My purpose today is speak to the coming two weeks during which the banana augurs foretell ape resolve will be tested by those who would profit from cowardice. The DRS siege is working - faster than any could predict. Ape actions reverberate throughout the market, the ripples of which grow more powerful by the day. Few alternatives remain for the enemy. For months they have been able to cover (not close - but cover) their short positions through a series of loopholes that are now denied to them because apes finally took control of their shares. With few options remaining, the psychological attacks will increase. And there is one in particular they have reserved for just this moment. The moment apes break through their defenses and are just moments from breaching the Citadel.
+
+I do not know what the shape this FUD will take. It could be positive and lull apes into a sense of complacency. It could be urgent and insistent, encouraging apes to act without fully considering the consequences. Either way, it will be crafted so as to undermine the three principles that guide an apes actions:
+
+BUY
+HODL
+DRS
+
+How do know this, you may ask? I know because of the work of apes who have gone before me and documented the many tactics of psychological warfare. I also know because of the observations of three ape scouts: u/vagabond_hospitality, u/phonemonkey2500, and u/the-doctor-is-real.
+
+These three apes have uncovered vitally important information that will help us form expectations about the weeks ahead, especially the dates of September 29 to October 7. 
+
+The first documents job opportunities for shills between these dates.
+
+SHILL JOB ADS
+
+https://www.reddit.com/r/Superstonk/comments/pvc5t8/it_has_been_shown_how_the_hedgies_are_planning/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+The second announces a closed door meeting with top SEC officials that occurred last Friday to discuss a variety of enforcement activities.
+
+SEC ENFORCEMENT MEETINGS
+
+FRIDAY, Sept 24
+https://www.reddit.com/r/Superstonk/comments/pvc46g/the_sec_had_a_closeddoor_meeting_yesterday/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+MONDAY, Sept 27 (the SEC general counsel will attend!!)
+
+Go to the jungle and search sunshine. Auto mod won’t let me post.
+
+Something is afoot, apes. Sideways, up, or down expect the next two weeks to be eventful, and full of news and illusions.but I fear no evil because apes are true autists - and most forgot about the sell button in January.
+
+TLDR: this is not financial advice. I eat crayons. I will also be buying, hodling, and drs ing for it is the way, especially during the next two weeks.
+
+See you on the moon, fellow autists.
+Spurred by CIBC's stock split announcement, I'm curious to hear the other side of the argument about Canadian banks. I've done quite well with them all and sincerely can't figure out how/when they lose. 
+
+They win when interest rates drop, they win when they spike. Inflation seems to not be a problem for them and they are massive investment firms. They are hedged in every way.
+
+Please make the counter-argument so that I can figure out what I've overlooked. Thank you in advance.
+My emergency fund is $10,000 which is just sitting in a HISA, earning less than a dollar a month in taxable interest. 
+
+
+Doing the math, if I took half of it, and bought ZWC I’d make around $25 a month in dividends in my TFSA. I wouldn’t purchase any more of this ETF, I would just use it to park $5000.  
+
+
+I have the contribution room. I’m pretty comfortable with having $5000 in emergency funds instead of $10,000. 
+
+
+Is this a good idea?
+Can someone give me a quick rundown on pro’s and con’s of either platform?
+
+I’m currently on WealthSimple, but the 1.5% conversion in and out of USD (without the plus account) is a nasty fee. 
+
+I have about 70% of my portfolio in index ETFs, 30% individual securities. Mainly buy and hold but occasionally move in and out of asset classes based on my views and economic environment. 
+
+I notice that some ETFs that I am interested in are not available on WS “not eligible for clearing in Canada”. (Ie IVOL, PFIX, COM, HAUS, etc.) is this also the case on IBKR?
+
+My portfolio and trades are small (<50,000 portfolio).
+
+Thanks for advice and opinions!
+Hello All,
+
+​
+
+Looking for opinions on CIBC, it is starting to look like a deal. Especially since their dividend yield is standing around 5.5% atm.
+**DISCLAIMER:** I am not an expert on loans.
+
+A few weeks ago, I found myself in need of a couple of small loans to pay some bills before my paycheck came in. A couple of unexpected vet bills cleaned me out, and I still has two weeks until my next payment. After a lot of hemming, hawing, and slight panic, I looked up some info on personal loans and decided to go for Speedycash.com, I think it was.
+
+Signed up, put my info in. I didn’t have an issue with the interest rate because I would be paying it all back next paycheck, and I only needed around $150. 
+
+“Congratulations! You’ve been approved for $1,800!”
+
+After the obligatory “hell to the naw”, I stopped communication and did more googling. Came upon someone recommending /r/borrow. I was apprehensive about borrowing from strangers online, but decided to take the dive - it was either get the money, or get hit with late fees. 
+
+My loaner sent the money through PayPal instantly after I sent verification. I chose a loan of $150, with $175 to be paid back as interest. My check hit today and I paid them back as soon as I got up in the morning. Quick, easy, and painless.
+
+So while I will reiterate that I’m not an expert on loans, PLEASE consider /r/borrow before you go for a personal loan. The personal loan company approved me for an amount WAY over what I needed. With the interest rate, that $1800 would have quickly become a nightmare. With the subreddit, you pick exactly the amount you want, you can work with the borrower on an interest rate or payment plan, and payments are instant. 
+
+Now, you *will* need to provide some verification of employment or identity. Each loaner has a form or email template that they use for this. It’s a security measure, and the mods keep that place locked down pretty tightly, or as tightly as they can given that it’s a subreddit. The subreddit rules explain this better, so I would give those a careful read.
+
+I’ve seen threads where shitty loaners and shitty borrowers get called out and banned. If you see this, don’t be alarmed. It’s to keep people’s money safe and to essentially blacklist a borrower who either has not paid or refuses to pay. Or a loaner who is being unfair and/or attempting to change the original agreement at the last minute.
+
+Some small tips:
+
+-	COMMUNICATE. Let your loaner know if you cant pay, if payment will be delayed, or if you will be paying early.
+-	KEEP TRACK OF YOUR LOANS. Create a bookmark folder on whatever browser you use and put your loan threads in it. (For those of you who don’t own a computer and use public computers, Gmail accounts are free and can be logged into wherever.)
+-	READ ALL THE THINGS. In that sub, if there's words, read them. This isn’t to scare you, but to prevent confusion. If you’re a new borrower, this is important.
+-	DON’T BORROW MORE THAN YOU NEED. This is more general than anything else, but....don’t get addicted to loans, please. The sub is meant for short term loans. People DO get loaners for higher values, but it’s considered much riskier and therefore you might take longer to get appproved, if at all. New borrowers shouldn’t be asking for $1000 loans.
+
+That’s all I have for now, may edit if I think of more to say. I hope it helped someone. :)
+
+EDIT: I can't provide the name of my loaner for privacy reasons - sorry! Best thing to do is to go ahead and make a loan request. Don't DM anybody.
+
+
+I apologize in advance as I'm pretty naive on the subject.
+
+I've heard a lot of discussion from various people (I know, not legitimate sources) about how a ton of real estate is getting gobbled up above asking price in full cash.
+
+If this is the case, wouldn't the issue of unaffordable housing for the lower and middle class be exacerbated? When you can pay in full up front, you don't care what the interest rates are because you won't have anything to pay off.
+
+That and given the struggles in the rest of the investing world, wouldn't this create a safe haven of an investment as long as this demand exists?
+
+Furthermore, wouldn't this fuel existing homeowners who lack the cash to buy other real estate to not sell?
+
+Then again, maybe there aren't that many people scooping up real estate in cash. But if there are, wouldn't this cause housing prices to not drop or correct? And if so, just how much damage will this do to the lower and middle class attempting to purchase a home?
+If part of the recent narrative is to promote stop losses that means two things: We're close to a run up, and they're definitely going to try to shake some investors loose with a dip first. 
+
+I realize most of us here already know that these swings can be violent, and wouldn't risk letting some tech paper hand for us. But for the few who might not know, get rid of your stop losses and double check your broker isn't going to automatically sell to take profits.
+"Red Bull Racing Honda today  confirms a new multi-year technical partnership with Tezos, the world’s  most advanced blockchain, as the Team’s Official Blockchain Partner. The  energy efficient blockchain Tezos has been selected by the Team to  build its first ever NFT fan experience.
+
+Tezos is a pioneering and energy efficient open-source blockchain for assets and applications  that, similar to Formula One, is constantly evolving with the very  latest industry advancements. By design, Tezos uses a more energy  efficient approach to secure its network which means it can operate  cleanly, with minimal energy consumption and a negligible carbon  footprint."
+
+[**https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner**](https://www.redbull.com/int-en/redbullracing/tezos-joins-as-official-blockchain-partner)
+Why aren't they more popular? That's the crux of my question; I understand there's more to it. A high stock price is seeing as being exclusive or doing better and I get that mind set. I am guilty of looking at the stock price over the market cap of the company. 
+
+But it seems - almost - every time there's a split, there's an increase in the stocks price as people buy in at the cheaper price, and maybe others sell X% after the split. What's stopping a company from splitting their stock often versus rarely?
+
+If I had a company and I was adamant at keeping the stock low, could I split the stock every time it got to $100, so that it was around $50? Then after that split it jetted up to $100 within a year, could I split it again or would I have to wait for X years or some predetermined length of time?
+
+Thanks!
+As title suggests. i’ve been trading for two years now and only now started to be consistent. What i realised is when i was trading without a proper system, every time i clicked a button, all kinds of thoughts began to emerge in my head. It was exciting, It was frustrating. All them emotions disappeared once i started trading according to my strategy, it became boring but systematic, i no longer feared for my stop to be hit because a i knew, when i open my next trade, there’s a new probability, that i make that money back, plus more.
+
+A lot of people tell you that trading is 80% emotions, while that is true, those emotions come from our brains coping mechanism because we really don’t know what we do unless we have a system we can rely on.
+
+So get ur strategy in order an emotions will follow, trust me.
+
+As for the losses, every business has to spend in order to make money, the are not losses, rather business expenses.
+
+EDIT: thx for replies, wanted to see other opinions on this matter
+
+I know this sounds really silly, but hear me out here. Me(18) and my girlfriend(18) were joking about marriage for financial reasons, namely the fafsa. This has been a running joke for us for the past four years. For the first time I did a little research on the topic, and it seems like it would bring both of our efc’s down to 0. Logically, it would make sense to elope immediately if we could save more on tuition.
+
+However, if this was an actually logical thing to do, then I would see a lot more married college freshmen, and there are virtually none. What are the flaws in this plan? 
+
+I know there’s insurance to worry about and all that, but I think that the money saved by getting more financial aid for schooling would cover that. 
+
+Getting married would essentially make us independents- does that mean we have to legally be financially independent or could parents continue to fund us to the same extent they are now? Is that fraud of some sort if my parents were to still cover tuition?
+
+As a reminder, this is all purely theoretical. There’s just a lack of information online and if I weren’t wary this would seem like a no brainer.
+Rundown. 
+
+I'm 30. I have a 6 year old and residing in Austin Texas. Currently renting, and I have 100k to spend. I'm looking to purchase a house outside of the city. Prices for homes here are 300k + while small town homes are affordable outright cash in hand. I do not see myself paying a home off long term 15/30 years nor do I want to. My occupation is welding. The way I see it, I'd like to purchase a home and not have to worry about mortgage, the only payments I'd have to make would be Taxes/Utilities/Groceries. Does anyone have any experience with something like this?
+[EDIT] Thanks to helpful observers, I've revised my question from asking about "estate plan" to putting assets in a "trust"
+
+Howdy all - wondering if I need to put my assets into a *trust* if I've specified beneficiaries on my financial accounts (401k, investment, life insurance, etc.)?
+
+Most investment accounts seem to be flexible in specifying primary, secondary, and tertiary beneficiaries, with percentages. 
+
+My only other asset is my home, which I own jointly with my partner, so if I pass away, they'd get the house. 
+
+In case it's relevant, I've got about $500k in various investments and insurance plans, all of which allow beneficiaries to be designated. 
+
+Thanks!
+I have an inherited IRA as of late last year.
+
+With these tax increases looming should I look into getting it all out before the 10 years? (Or is it 5 after CARES expires?)
+
+I  am considering buying property, and using about $25,000 of it for that,  and renting out my current home. Which needs about 10k in work.
+
+How does Capital Gaines work with real estate? Does a second home keep me away from that?
+
+So many questions. But I would also like to try to retire early, and/or start my own business.
+
+My 401k is on track, and I have a ROTH
+ LONDON — A Dutch court on Wednesday ruled oil giant [Royal Dutch Shell](https://www.cnbc.com/quotes/RDS.A) must reduce its carbon emissions by 45% by 2030 from 2019 levels.
+
+That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.
+
+Shell’s current [climate strategy](https://www.shell.com/energy-and-innovation/the-energy-future/our-climate-target/_jcr_content/par/relatedtopics.stream/1621314462494/d53de79d4e951642456e928cdfd18b0a1867cf4d/our-climate-target.pdf) states that the company is aiming to become a net-zero emissions business by 2050, with the company setting a target of cutting its CO2 emissions by 45% by 2035.
+
+CNBC contacted Shell to request a comment on the ruling.
+
+Shares of Shell were trading 0.3% lower in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020.
+
+The lawsuit was filed in April 2019 by seven activist groups — including Friends of the Earth and Greenpeace — on behalf of 17,200 Dutch citizens. Court summons claimed [Shell](https://www.cnbc.com/quotes/RDSA-GB)’s business model “is endangering human rights and lives” by posing a threat to the goals laid out in the Paris Agreement.
+
+Under the Paris Agreement — a landmark deal adopted in 2015 and signed by 195 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius, although the accord aims to prevent global temperature rises exceeding 1.5 degrees Celsius.
+
+At Shell’s annual general meeting last week, shareholders [voted overwhelmingly in favor](https://www.cnbc.com/2021/05/18/shell-secures-backing-for-climate-strategy-but-growing-minority-rebel.html) of the company’s energy transition plans — but, crucially, a growing minority rejected the strategy, insisting the oil giant needed to do much more in the fight against climate change.
+
+Activist investor Follow This said at the time that the result was likely to mean Shell would have to revise its climate targets once again.
+
+According to Reuters, the case is the first in which activists have taken a major energy firm to court to compel it to overhaul its climate strategy.
+
+When the lawsuit was filed, a lawyer acting on behalf of environmental groups said the case would “raise the pressure” on other fossil fuel companies.
+
+[https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html](https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html)
+ LONDON — A Dutch court on Wednesday ruled oil giant [Royal Dutch Shell](https://www.cnbc.com/quotes/RDS.A) must reduce its carbon emissions by 45% by 2030 from 2019 levels.
+
+That’s a much higher reduction than the company’s current aim of lowering its emissions by 20% by 2030.
+
+Shell’s current [climate strategy](https://www.shell.com/energy-and-innovation/the-energy-future/our-climate-target/_jcr_content/par/relatedtopics.stream/1621314462494/d53de79d4e951642456e928cdfd18b0a1867cf4d/our-climate-target.pdf) states that the company is aiming to become a net-zero emissions business by 2050, with the company setting a target of cutting its CO2 emissions by 45% by 2035.
+
+CNBC contacted Shell to request a comment on the ruling.
+
+Shares of Shell were trading 0.3% lower in London. The stock price is up almost 10% year-to-date, having tumbled nearly 40% in 2020.
+
+The lawsuit was filed in April 2019 by seven activist groups — including Friends of the Earth and Greenpeace — on behalf of 17,200 Dutch citizens. Court summons claimed [Shell](https://www.cnbc.com/quotes/RDSA-GB)’s business model “is endangering human rights and lives” by posing a threat to the goals laid out in the Paris Agreement.
+
+Under the Paris Agreement — a landmark deal adopted in 2015 and signed by 195 countries — nations agreed to a framework to prevent global temperatures from rising by any more than 2 degrees Celsius, although the accord aims to prevent global temperature rises exceeding 1.5 degrees Celsius.
+
+At Shell’s annual general meeting last week, shareholders [voted overwhelmingly in favor](https://www.cnbc.com/2021/05/18/shell-secures-backing-for-climate-strategy-but-growing-minority-rebel.html) of the company’s energy transition plans — but, crucially, a growing minority rejected the strategy, insisting the oil giant needed to do much more in the fight against climate change.
+
+Activist investor Follow This said at the time that the result was likely to mean Shell would have to revise its climate targets once again.
+
+According to Reuters, the case is the first in which activists have taken a major energy firm to court to compel it to overhaul its climate strategy.
+
+When the lawsuit was filed, a lawyer acting on behalf of environmental groups said the case would “raise the pressure” on other fossil fuel companies.
+
+[https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html](https://www.cnbc.com/2021/05/26/dutch-court-rules-oil-giant-shell-must-cut-carbon-emissions-by-45percent-by-2030-in-landmark-case.html)
+Last night I was approved for a small personal loan after filling out an online application. It was a few thousand dollars, but it would have drastically improved my situation. 
+
+I’ve been working very hard to improve my credit and save more, but a few unexpected things came up, and I needed some money quickly. I’m able to pay it back.
+
+When I filled out the application, there was a question about whether or not I owned a vehicle, which I don’t, and which I answered “no” to. 
+
+When I went to upload documentation, it required vehicle information. I called the company and they said they could only approve me for a secured loan, which requires a vehicle as collateral. 
+
+I told her I answered that I didn’t have a vehicle on the application (and I’m certain that I did that) and she said that they couldn’t offer me anything. 
+
+I feel completely devastated and hopeless. Last night when I got approved, anxiety and stress that hand been strangling me for months went away. Now I feel even worse.
+There are lots of people who have become extremely wealthy by acquiring coins from years ago. These same people often get called “lucky”. To some extent, that’s true as they may have simply stumbled across bitcoin before many others - but to a larger extent, it’s plain unfair.
+
+Those “lucky” hodlers, have gone through several cycles. They’ve seen their fiat networths go sky high, and then drop off a cliff. 
+
+If you’re a wise hodler, it involves constant research. If you got in a few cycles ago, say 2013, then bitcoin was a completely different beast then. There were no guarantees. The theory and technology was still very robust, but the proliferation of bitcoin wasn’t there yet. Buying bitcoin wasn't as easy as entering your credit card details. 
+
+If you bought bitcoin on April 1st 2013, you’d have got a coin for \~$100. You would've likely had to send some money to an Estonian bank account, and pray to all that's holy that in a week or so's time that money would arrive. A little over a week goes by, and you’d have more than doubled your money to $230. A week later, it dropped to \~$80. Most people would have panicked and sold. The price wouldn’t reach $200 until early November that year. By the end of November 2013, bitcoin was over $1000 again. If that same hodler kept his $100 bitcoin, he’d have made 10x on his investment in under 8 months.
+
+Then it dropped. It would be over 3 years until that hodler saw prices over $1000 again - January 2nd 2017. That would have been 3 hard years of toil, wondering if bitcoin would ever surpass it’s previous ATH of \~$1150.
+
+A wise hodler would’ve kept their cool, trusted the tech, kept their belief, analysed the macro economy and trusted their gut. If they kept their nerve, then within another 12 months, that same $100 coin they bought on April 1st 2013, would reach a value of \~$19300 on December 16th 2017 - a 19200% return - in a little over a 4 and a half year time period.
+
+That same hodler probably had friends and parents screaming at them to sell. If the hodler had conviction in his research and his investment, he’d have continued hodling, only to be taunted by friends and family for another 3 years, until December 16th 2020, when the price breached $20k.
+
+That same hodler (assuming they held), is currently sitting on one bitcoin worth \~$50k at today’s prices, a 49,900% gain. Yes, he could’ve sold on April 13th at \~$63.5k for a 63,400% gain - but if he was smart, he stuck to his conviction and is still holding.
+
+What’s the point to all this? HODLing isn’t easy. It is a combination of balls of steel, continual research, and self-belief - belief that bitcoin has the potential to upend the entire financial system.
+
+Things are a lot different in 2021 than they were in 2013. Things are looking incredibly strong for bitcoin despite this recent dip.
+
+Stop getting scared out of your position by people in the know who want your coins for cheaper. If you bought bitcoin because you believe it will ultimately change the crooked financial system and bring about more financial democracy, keep that faith.
+
+If you bought bitcoin because you want to make a quick buck, and have no idea about the inner workings of this tech, then bitcoin is probably not for you.
+I've recently started learning about the stock market and I was thinking about what the factors are that people look for before selecting Individual stocks.
+
+Other than that, which is better, investing in mutual funds or Individual stocks (maybe 9-10 handpicked companies).
+
+I want to learn everything there is to this before I start investing and there wasn't much good info when I googled how to select Individual stocks so obviously I came to Reddit lol. Any help will be appreciated 😊
+
+Also, please link some helpful links to articles about investing in general that a beginner should read.
+
+Thanks in advance :)
+I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. [https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0](https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0)
+Hello Theta Gang! First time poster here. 
+
+I’m wanting to get my feet wet with selling options. I have done call credit and put credit spreads in the past but I am feeling to branch out a little bit more. 
+
+I’m looking for decent but cheap stocks to sell my first put on. I have been looking on Ford as one option but it’s not super volatile so the premiums aren’t all that great. I would be comfortable with something in the $15 to $25 range. 
+
+Any suggestions? Tips? Advice?
+Hey Gang!
+
+​
+
+On Februrary 19 I sold a CRSRS put (strike 35, expiry 03.19 @ 2.05), at the time it seemd great of course, but then we all know what has been happening in the markets since. I'm interested if there is any one else in a similar situation, and how they are managing their risk.
+
+I personally consider just holding it through (even if I get assigned at the end) as long as the price stays above \~30, if it drops I'm considering rolling it down (and maybe out?) with the main consideration being I am not really willing to take a loss on the trade so I might have to roll it very far out (if it's over a month then I will likely just take assignment instead).
+
+I still do believe in the company on the long-term, though the expiry of the lock-up period might interfere with it on the short-term (it expires on 03.22), I think it wil further depress the price (could be a good entry opportunity if you're not invested and AFTER DOING your own DD you agree with my OPINION that it is a good long-term buy) (obviously this is not any kind of advice, just my opinion, please don't believe my blindly).
+
+Is there any one else also short on ITM puts for CRSR, or just maybe in the red for the stock? What's your stategy for managing risk if it keeps falling? I would like to hear opinions both bullish and bearish if there's any one who would like to share!
+How long did it take everyone to see real growth? 
+I’m doing this as a newbie with triplets as a means to improve our overall income long term. I have triplets and now working as a single income and with only 2500, starting. Tips, advice? I’m hoping to see 10% returns or greater as I learn more in this crazy time for beginning
+ 
+
+Those who follow my trades will tell you that Fridays are my favorite day of the week.
+
+That is because contrary to popular opinion, the mix of 0 DTE option Gamma and TSLA's inherent volatility, make for extremely rewarding trading outcomes when executed correctly.
+
+Today could have been no different ofcourse.
+
+Background:
+
+TSLA was finally able to break through the 700 lvl this Monday, after what feels like an eternity. Post Monday's rally TSLA struggled to break above the 723 lvl to make a run for Monday's high, also a very imp lvl, of 727. We've been inside Monday's candle so far this week, and yesterday we were also having an inside day of Wednesday's daily candle. In my opinion, TSLA is taking its time basing itself on the 700 support before another leg up, possibly in anticipation of AI day on Aug 19.
+
+Trade:
+
+1. Within the first 3 minutes since open, TSLA tried to break through yesterday's low but failed to break down, causing a sharp bounce to 716.xx. However the bounce was short lived as the bulls failed to claim 717.
+2. After failing to reclaim the 717 support, bears took control
+3. TSLA caused an inside candle breakout by breaking through yesterday's low in a strong move down going on to test a break of Aug 4's low. However, that proved too much in one move and it bounced here
+4. Thereafter it fell into a pattern, with yesterday's low now having flipped from support to resistance, and Aug 4's low below it as support
+5. TSLA continued its failed attempts at breaking through both this resistance and the VWAP but in vain
+6. Simultaneously, it started putting in higher lows . This, along with anemic volume signaled capitulation and an intent to create a lower low, breaching below Aug 4's low
+
+Entry:
+
+1. I BTO 0DTE TSLA 705p @ 1.6 per contract at [10:05 AM](https://www.reddit.com/user/pseudoku727/comments/oxs2ou/scalping_thread/h7xq1as?utm_source=share&utm_medium=web2x&context=3) when it yet again failed in its attempt to reclaim the VWAP, signifying weakness
+
+Playout:
+
+1. Soon after, multiple candles with small bodies and large wicks, esp to the upside, followed, indicating participants selling the rip
+2. Then we got a high volume red candle that broke through the 9:45 AM low, setting a newer low for the day
+3. Interestingly this candle stopped right at the 707 lvl, a minor support
+4. This was followed by consolidation right at this support
+5. Within the context of the momentum of breaking through 2 days of inside days, getting rejected by 1 major lvl and breaching another minor support, it was safe to guess who controlled TSLA for the day
+6. I ADDED to my initial 705p position here at the close of this Doji, by buying another lot of contracts
+7. I BTO another lot of TSLA 705p @ 2.4 per contract at 10:40 AM
+
+Exit:
+
+1. As expected, TSLA took another high volume strong move down to the Aug 3 low
+2. I would have held on for longer but with how quick the down moves were, I took profits here since we were approaching demand zone and a bounce wouldn't have been unexpected
+3. Exited at 10:50 AM @ 4.5 per contract
+
+Re-entry
+
+1. Soon after my exit I noticed TSLA doing its old familiar low volume consolidation pattern
+2. This time I BTO 0DTE 700p @ 2.4 per contract at 10:56 after it formed a beautiful Bear Pennant
+3. Just like clockwork, the next time large volume came in, we effortless slid down to test the 700 lvl
+
+Exit:
+
+1. Exited midway through the breach attempt of 700 since it hit my TP lvl
+2. Exited at 11:07 AM @ 3.9 per contract
+
+Trade technicals:
+
+Trade 1:
+
+1. Time in Trade 1 - 45 min
+2. Price of contract at initial entry - 1.6
+3. Price of contract at position increase - 2.4
+4. Price of contract at close - 4.5
+5. Profit percentage - 180% and 87.5%
+
+Trade 2:
+
+1. Time in Trade 2 - 11 min
+2. Price of contract at entry - 2.4
+3. Price of contract at close - 3.9
+4. Profit percentage - 63%
+
+​
+
+https://preview.redd.it/yhpc6sxbvsf71.png?width=2424&format=png&auto=webp&s=5a645d243f52b08dd18b74d59709b7be6293231c
+Next article:  
+[Ahead of yourself #2: The hidden retail traders edge in a minus sum game](https://www.reddit.com/r/Daytrading/comments/l99f1f/ahead_of_yourself_2_the_hidden_retail_traders/?utm_source=share&utm_medium=web2x&context=3)
+
+Source: Alexander Elder - The New Trading for a Living 2014, Page 21 to 27
+
+**A lesson for traders by people that hit rock bottom**
+
+No matter if you are a beginner or a trader that’s living from his returns in the market, it is highly likely that you have experienced two kinds of losses:
+
+1. manageable, small loses that you can handle and that are in harmony with your strategy
+2. uncontrollable, extreme loses that destroy a month worth of profits or take away a huge portion of your capital, and you need weeks to rebounce from that, most often with a higher risk than before.
+
+Most traders tend to jump between a feeling of power due to great returns and a feeling of devastation due to type 2 loses. The Question I want to answer here, is how to make one step towards being a successful trader that can live of his returns by switching from type 2 losses to type 1 losses and what you can learn from the anonymous alcoholics movement.
+
+The difference between a social drinker and an alcoholic is, that the social drinker takes a glass of wine or two, and he stops when he starts to feel uncomfortable. He knows his boundaries.
+
+An alcoholic on the other hand can't stop. Once he had is first beer, he knows he is going to waste himself. He's going to drink until his money is gone, or he blacked out.
+
+The Alcohol is in power of the Alcoholic, despite the  Denial. " I just need to stop drinking so much" is just not working, the Alcoholic can't take the pain of losing control as long as he hasn't hit rock bottom. The Wife is gone, the home is gone and the job is gone. Most Alcoholics can´t confirm that they have lost the control until they are at rock bottom. At this point, one has to ask himself if he is going to drown with denial or fighting to get some air again.
+
+The first step is to admit that he is powerless over alcohol, and then he has to work himself up again. AA uses the slogan "one day at a time". A recovering alcoholic has a single goal: To stay sober today and to go to sleep sober tonight. One day at a time.
+
+We as traders are in a similar situation. Most of us start as alcoholics, addicted to the market. We open our first account, make our first big win, and we are hooked. That’s just our nature. We start our career as alcoholics, jumping from a big win to a series of loses or an extreme loss and jump back and forth. The 90-90-90 rule says, that 90% of trading beginners lose 90% of their funds in the first 90 days. **The reason for this is, because just as the alcoholic we tend to denial that we are powerless to alcohol, type 2 loses.** We think we can bounce back, making a way back by using a new strategy, using more risk or following a new guru. At the Point we hit rock bottom, a few decide to turn upwards for air and giving in to our lack of power, while the majority still denials it and wash out of the market.
+
+The successful trader is like a social drinker, he takes a few loses and if he starts to feel uncomfortable he walks away, checking his strategy without going to the next guru and taking a fresh approach on the next day. Maybe it's the market environment, maybe it's a bad day.
+
+The unsuccessful trader is like an alcoholic, he just doesn´t know when to stop. A small loss gets a revenge trade, no strategy (or changing strategies) and he trades until he lost so much money that he blacks out and turns down the computer.
+
+**So if you are in a drawdown, have no real working strategy or take a loss today, start with this simple step towards becoming a successful trader:**
+
+Say to yourself "I won't make a type 2 loss today, if I start to feel uncomfortable I walk away and take a fresh approach on Monday. I'm a successful trader, even when I'm losing a bit of money." One day at a time.
+
+If you enjoyed my content please consider leaving an upvote, depending on the Feedback I get I´ll make more posts like this one.
+After watching trading in the zone he said he knew an incredibly successful trader who only traded for 1 hour a day.  I've realized I'm the same way.  i've been profitable over the last 3 months but in my trade log I realize i could be even more rich if I just traded once a day.  My win rate is good enough where if I trade once a day usually that first trade is spot on.  I end up giving away a little too much during the rest of the day over time.
+
+I've learned to respect my emotional stamina with trading.  I will never be able to trade all day and its better to know that and own it and work with it.
+I don't have amazon prime so I contacted their customer service and asked why I was charged for the past 2 months. They told me the first name of the person using my debit card for their membership.  
+
+I believe it is probably my ex wife from 3 years ago (same but common name), but she shouldn't have my debit card info. She was on my account during the marriage, but was taken off before we finalized.  
+
+Amazon refused to refund me or to take my card info off her amazon account. They told me to contact her directly, but didn't give me a last name so I can't be 100% sure it's her.  
+
+I will contact my bank first thing Monday, but what can I expect to happen? And should I do anything else? Contacting the ex is a last resort option. I have no interest in getting her in trouble over a few bucks.  
+
+UPDATE: I contacted them again with the intent to pretend like I didn't recognize the first name. Instead, they asked me to try to guess who might have access to my card. So I gave them my parents names (thats just what popped into my head) and they insisted it was my mother's name who has the account using my card. 🙄   
+
+I called them out on the discrepancy and they kept insisting it was my mother and told me to contact my bank.  
+
+No, it's not possibly my mother.
+The Stock Market looks like a nice buy, especially if it drops a little more. Anyone thinking of selling their properties to buy stocks? Housing still at record highs so from a perspective of how many shares of the SP500 you can buy with your property if you sell it, you're getting quite the steal!
+You will NEVER find it... that‘s just how it is. Believe it or not, but finding the perfect entry and perfect exit point is pure luck.
+
+So you can wait and hope for GME to dip some more so you can buy in more cheaply, but chances are at least as high that it takes off soon 🚀🚀🚀 and you missed your chance - thinking „I wish I bought in @100 rather than @250+.“
+
+What you learn from that? Well assuming you believe that GME has a solid chance of reaching 1‘000$ and more, it simply does not matter whether your entry point was @100 or @80 or @150.
+
+Tldr: You will not find it, so just BUY while it still is in the 2-3 digit range (Edit: given that you believe in this rocket)! 🚀🚀🚀🚀
+
+Obligatory: This is not financial advice, just my personal opinion and I like the stock.
+You will NEVER find it... that‘s just how it is. Believe it or not, but finding the perfect entry and perfect exit point is pure luck.
+
+So you can wait and hope for GME to dip some more so you can buy in more cheaply, but chances are at least as high that it takes off soon 🚀🚀🚀 and you missed your chance - thinking „I wish I bought in @100 rather than @250+.“
+
+What you learn from that? Well assuming you believe that GME has a solid chance of reaching 1‘000$ and more, it simply does not matter whether your entry point was @100 or @80 or @150.
+
+Tldr: You will not find it, so just BUY while it still is in the 2-3 digit range (Edit: given that you believe in this rocket)! 🚀🚀🚀🚀
+
+Obligatory: This is not financial advice, just my personal opinion and I like the stock.
+I had a rather large account with fidelity approximately $900,000. Right before the market crashed this year I made some extremely risky trades. I even proceeded to make risky trades during the market crash to try and make it back... That caused the account to lose a total of 70%..
+
+Now Fidelity's risk management team is terminating the account with fidelity and is no longer willing to listen to anything. The account still has about $250,000 and when the stocks I'm in recover to previous price it'll gain about 50% more. But the rest of it will have to wait for further additional gain.. It's just a small cap tech stock that got hit hard by the dip and will probably recover by next earnings since all analysts are pretty bullish on it.
+
+
+I don't understand why they are doing this.. It feels like they are punishing me.. I called them and I was just stone walled by the representative saying my only option is to move to a new firm..
+
+I even grew the account to 900 k in a year through less risky trades.. Though the initial starting amount was larger than it currently is..
+Today's volume was 3.7m. The last time we've had lower volume was 11/18/2020 with 3.1m, the price was $11.50, ~~and was the day before the rally to $20 started.~~
+
+And like another post said: Gamestop is the #1 traded stock and #1 most talked about and yet its volume is shit and is going down in price. Hmmmm....
+
+Edit: Sorry, I shouldn't have put the bit in about the rally time. I didn't mean to add a date. DATES ARE BAD, MMKAYYYY! The volume and price difference is what the focus of this post is.
+So my strategy is very low-frequency and I still like to manually review when it finds a signal before making the trade.  Currently that means I have to be at my computer to check it, but does anyone know of good Python libraries to handle notifications?  Text/e-mail alerts maybe?
+
+Right now it seems like the best solution may be running the script on my phone itself but I'm sure my battery would not appreciate that.
+Hi guys, I'm new to the world of algo trading which I must say I am falling in love with more and more everyday. I have 2 questions for the community.
+
+First off, a little background about me, I am a second year BCOM student who runs a garage band analytics company on the side for some medium sized ecommerce ventures. My partner handles most of the heavy lifting as far as programming and ML, but I have a working knowledge of most basic statistical analysis concepts (PCA matrices, multiple regression, data preprocessing and hypothesis testing). Im currently learning python, namely pyfinance applications such as NumPy, Pandas Matplotlib etc. I am also develoing a knowledge in quantitiative finance as I am also planning to study stochastic calculus and greater develop my knowledge of econ.
+
+I have been trading equities for a while now, so I am a little pre-disposed to trading stocks and options. I am also open to trading futures and forex, however I have some reservations regarding forex as it was the centre of more than a few MLMs at my university. I have also been advised to avoid forex from an older traditional trader friend, likening it to a toilet to flush your money down.
+
+I have very realistic expectations, I dont expect to have a Renaissance Tech level black box ready to print money in a few weeks, but I would like to get paper trading as soon as possible, and hopefully in a year or so have a creative algo. At this point im more in love with the idea of making an algorythm and strengthening my knowledge of the market rather than making fast money. I am open to trading all three securities algorythmically. I am just wondering which is the easiest for a begninner to develop an understanding of.
+
+I am also wondering what platform the community reccomends for trading. I plan on coding my algo with python (likely switching to C++ down the road for efficency), so I'd like one with a solid API for python as I know IB is mostly for Java. I also want one with good paper trading, as thats how I plan to learn once I complete my studies in python and quant finance.
+
+Thanks for reading and any response will be greatly appreciated.
+**NB: I am a member of Dogira's team. This is the most biased that a post can be. DYOR on any tokens before buying in, especially when you're hearing about them from someone who is obviously vested in them. It goes without saying, I am the furthest thing from a financial advisor on the planet.**
+
+The last 4 days have been pretty massive over at $Dogira - wallet holders increased by 15%+, a spike to an ATH at 100%+ was achieved before re-consolidation, and we started rolling out a few details on our long-term roadmapping with a focus on NFT's, Gaming, and Utility.
+
+Tonight, we're delighted to announced that we've agreed to terms with WhiteBit for listing on their CEX Platform, listing fees pending. We've set up a community fund to assist with this, and have also minted a new set of NFT's with 100% of the proceeds going back into our public Marketing/Listing fees wallet.
+
+We're stoked to go live for direct USDT/BTC pairs, and are ecstatic to start putting the boot on the accelerator towards building Dogira into a token that can truly stand out in what's becoming a hectic marketplace. The best part is that this is all just the beginning - there's tonnes in store over the next few weeks, starting with our official roadmap arriving within the next few days.
+
+If you're interested in learning more, check out the links below - and please remember, I'm a member of the Dogira Team. I am not your Due Diligence, or your Financial Advisor. I'm talking to you about something I'm literally a part of.
+
+----
+
+**Site: https://dogira.lol**
+
+**Subreddit (brand new!): /r/Dogira** - Telegram, Discord, and Buying instructions can be found inside here!
+
+TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10`
+
+Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1
+
+Liquidity: Locked
+
+WoR Audit: Completed and Approved
+
+Current price: $0.05~ / token
+I started budgeting a week and a half ago, and the emergency fund already saved me from a bad time. While setting up a dishwasher, the sewer pipe (which, it turned out, was held together by duct tape) snapped off in my hand. The godawful stink of sewer gas hit me and I realized I was in over my head. For the first time in my life I called a plumber, and he got us squared away for $300. So even if your emergency fund is small, it can make a BIG difference! Thanks, /r/finance ! 
+Edit: Oops, thanks /r/personalfinance ! 
+You know I'm very very frustrated with how people in this sub treated me, at least half of it, even when it didn't make sense.
+
+When I reached the hotel and hours later it was clear I could stay in the lobby overnight, At that point I was safe.
+
+Yet for some reason many were either insulting me for being in the storm.  Calling me a  scammer or grifter, didn't read the post, or said my story had holes because they never asked for clarity so made up their own facts that contradicted explanations in the comments which many believed without checking themselves.
+
+Quite frankly some users are malicious.
+
+It is now the NEXT DAY many hours into the morning, almost noon in a few hrs., and people are still making up facts acting as if this thread was only made 2 hours ago saying there's no storm, that I'm scamming, or that there's some other issue.
+
+Except this issue was RESOLVED LAST NIGHT.
+
+YET many are still getting upvoted despite this not making any sense, or users ignoring this thread was made early evening yesterday. This tells me this isn't always the most welcoming sub. 
+
+The mods also allowed users to break several of their rules doing nothing, and one posted so They were clearly looking at the comments 
+
+Many of you should be ashamed.
+Rajat Prakash is the (VP–Treasurer at BBBY) was hired in June 2021 and the “About” section on his LinkedIn profile (link below) begins…, “With a 20-year track record of establishing corporate development functions (Mergers & Acquisitions)…
+
+Anyone want to guess what company and position Mr. Prakash held prior to joining BBBY? 
+
+Head – Corporate Development & Treasury with Sears Holding Corporation with a total of 12 ½ years with Sears!
+
+Simulation Confirmed!!! 
+
+[https://www.linkedin.com/in/rajatprakash0](https://www.linkedin.com/in/rajatprakash0)
+Just wanted let others know about and to say how helpful Ally's savings 'Buckets' are and the way you can split your savings account up into smaller sub-groups to view how your money is divided. When you look at the main page it shows all the money in your savings account together (ex. $5K), but when you click on the individual savings account it shows money split into your designated subcategories like vacation($500)/emergency savings($3K)/house down payment($1,500)/etc. I even have my recurring savings splitting up automatically into each sub-category each month.
+
+When my money was previously lumped together I never wanted to spend anything because I had no clear picture of how much was saved for what, even when I knew vacations and other savings beyond just 'emergency' things were present. This actually was very conflicting for me because I couldn't easily see my progress with my savings. Now that its separated, I love it. I feel I can comfortably budget for a vacation, or a more expensive item I've wanted for a while, knowing I'm still protecting the accounts i'm growing such as down payments or emergency savings!
+
+It's just a virtual form of the physical money envelopes tactic, but it fits so well with our electronic/online banking life! 
+On 7 December, the Evergrande series rebounded, with EVERGRANDE rising nearly 8% and EVERG VEHICLE and EVERG SERVICES both rising about 2% in the Hong Kong stock market.   
+
+
+Yesterday, EVERGRANDE announced that in view of the operational and financial challenges currently faced by the Company, the Board of Directors of the Company resolved to establish **the China Evergrande Group Risk Mitigation Committee**. The members of the Risk Mitigation Committee come from a variety of backgrounds, including the Company's current top executives, executives of certain leading companies and professionals. Among others, **Xu Jiayin is the Chairman of the Risk Mitigation Committee.** 
+
+**Without sufficient funds or decent revenue, How can Evergrande avoid its risks?**
+I traded in my 2014 Hyundai Sonata with 112.8K on it for $8,100 to my local Toyota dealership and got a 2022 Toyota Prius XLE that I had been looking at for a while because of my dissatisfaction with the Sonata, the fuel efficiency, and just wanting something new. The sticker was $30.5k and I ended up going underwater by $2,100 on the Sonata I believe because of the extended contract I had purchased when I had refinanced it last year. All said and done, I ended up with a bill of about $37.6k including GAP and a contract on this at a 4.6% 84 month loan. This is costing me $553 a month and I believe I can make that comfortably. I know it’s a little too late now; but did I get taken? I know I can pay down some of the loan by cancelling the contract from the old car and seeing what they give me to apply to the new loan and I can start there…..but my anxiety really needs some validation. I appreciate the time.
+
+EDIT: I had my Sonata for 2 1/2 years. I purchased it summer of 2019 for 12.5k. EDIT: The 12.5k was the sticker price on it; I believe I ended up being OTD on $14.5k
+
+EDIT 2: I wanted to acknowledge something cause I saw this in a few comments: My lack of financial literacy (either in general or just in this situation) is not a symptom of my parents. They were very responsible with their money and share a lot of the risk-aversion that many in this sub have. They even went through the Financial Peace University. But they gave me a lot of the tools that I have needed to be successful in life. 
+
+If anything is to blame; I would chalk it on my desire to have nicer things than I did growing up because I’m an adult now. Consequentially, that can result in many a bad or poorly thought out decision. And that’s completely fair; and this might be one of them! But I’m comfortable about my ability make the note every month even if that means sacrificing something going into savings or shaving a little more off that $5000 Discover balance. I put away $200 a month into a vacation fund and am able to make my $700 rent and other utilities and have a decent credit score to show for it. 
+
+Now I might not be in the capacity for the “wealth building” that is necessary to be completely debt-free and stockpile that into more savings or further my emergency fund. But I’m not struggling…
+
+I thank everybody for their opinions though, it really means a lot that a bunch of strangers who have quite a lot more life/financial experience than I do at 23 have taken the time to give me the best advice they can though and try and steer me down the best path. 
+
+But I just wanted to say that I take full ownership for any financial irresponsibility or illiteracy. That has had nothing to do with how my parents raised and taught me.
+
+Hey all! It's been a second. True to my word, I only wrote DD as I deemed it appropriate, which is why I cranked out a bunch of stuff and then cooled off for a while once I didn't have any new leads. Well today, I thought I would dip my toes into another bubble that I'm sure you all are more familiar with; the Mortgage Backed Securities bubble. I'm not trying to fearmonger nor am I saying that we're in for another 2008-like housing crash - rather, I am hoping to show some more fuckery surrounding this topic and the asset backed securities market as a whole.  If you're curious about other ABS bubbles, make sure to check out my series on Auto Loan ABS (ALABS) and Student Loan ABS (SLABS). Keep in mind that we're all still learning in this sub - I'm just an ape that figured out how to work a keyboard, so take what I say with a grain of salt. Without further ado, letsa go!
+
+For the uninitiated, let me briefly go over what an asset backed security is. Feel free to skip this part if you have some familiarity with the topic. 
+
+\--------------------------------------------------------------------------------
+
+[According to Investopedia](https://www.investopedia.com/terms/a/asset-backedsecurity.asp), *"An asset-backed security (ABS) is a type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or* [*receivables*](https://www.investopedia.com/terms/r/receivables.asp)*. It takes the form of a bond or note, paying income at a fixed rate for a set amount of time, until maturity."* 
+
+ "*Assume that Company X is in the business of making automobile loans. If a person wants to borrow money to buy a car, Company X gives that person the cash, and the person is obligated to repay the loan with a certain amount of interest. Perhaps Company X makes so many loans that it starts to run out of cash. Company X can then* ***package*** *its current loans and* ***sell*** *them to Investment Firm X, thus receiving the cash, which it can then use to make more loans.*
+
+*Investment Firm X will then sort the purchased loans into different groups called* [*tranches*](https://www.investopedia.com/terms/t/tranches.asp)*. These tranches contain loans with similar characteristics, such as maturity, interest rate, and expected* [*delinquency rate*](https://www.investopedia.com/terms/d/delinquency-rate.asp)*. Next, Investment Firm X will issue securities based on each tranche it creates. Similar to bonds, each ABS has a rating indicating its degree of riskiness—that is, the likelihood the underlying loans will go into* [*default*](https://www.investopedia.com/terms/d/default2.asp)*.*
+
+*Individual investors then purchase these securities and receive the cash flows from the underlying pool of auto loans, minus an administrative fee that Investment Firm X keeps for itself."* 
+
+\------------------------------------------------------------------------
+
+Ok, let's unpack this. In simple terms, let's say I take out a loan to buy a house (aka a mortgage). The bank that issued me this mortgage packages my mortgage along with tons of others into a bundle, and sells this bundle to an investment firm (e.g. a hedge fund), so that the bank has more hard cash to loan out to borrowers and thus sell more bundles. Then, these investment firms sort through these bundles and create packages of similar loans to sell to individual investors, like you or me, which we call an asset backed security. I argue that based on current economic conditions, MBS are losing value which could effect their usefulness as collateral and cause an overall recessive trend/tightening of margin by banks. 
+
+Anyways, let's get back on track. I'd like to talk about why these MBS are decreasing in value. And what do you know, enter our old friend Covid-19. As you all know, Covid-19 royally bent over pretty much everyone's economy, including the USA's. What's the solution you may ask? In the wise words of sir Jerome Powell, ***"Print more god damn money!!!"*** While maybe not exactly true, one of the things the Federal Reserve can and did do is to decrease interest rates during a recession to encourage investment. While this may seem fine and dandy on paper, it had an unintended (or uncared about) effect on MBS.  
+
+Before I get into that, I just want to take a quick second to define what a callable bond is[. According to Investopedia](https://www.investopedia.com/terms/c/callablebond.asp), *"A callable bond is a debt instrument in which the issuer reserves the right to return the investor's principal and stop interest payments before the bond's* [*maturity date*](https://www.investopedia.com/terms/m/maturitydate.asp)*. "* But why would a company want to do this? The site continues, saying " 
+
+*If market* [*interest rates*](https://www.investopedia.com/terms/i/interestrate.asp) *decline after a corporation floats a bond \[borrows money\], the company can issue new debt, receiving a lower interest rate than the original callable bond. The company uses the proceeds from the second, lower-rate issue to pay off the earlier callable bond by exercising the call feature. As a result, the company has refinanced its debt by paying off the higher-yielding callable bonds with the newly-issued debt at a lower interest rate.*
+
+*Paying down debt early by exercising callable bonds saves a company interest expense and prevents the company from being put in financial difficulties in the long term if economic or financial conditions worsen."*
+
+Interesting! Essentially what companies can do is if after they take out a loan and interest rates fall, they can refinance their loan and use the extra money to pay off their more expensive previous loan and come out with a net positive. The attractiveness to investors is that these typically pay a higher interest rate than non-callable bonds, since there is the risk of market interest rates falling and you, the issuer, being paid less by a company that refinanced its loans. This will be important shortly.
+
+Anyways, let's get back to negative convexity. This callable vs. non-callable bond stuff helps explain how the phenomena works. 
+
+Normally, when interest rates decrease, bond prices increase. However, for bonds experiencing negative convexity, the opposite is true; prices **decrease** as interest rates fall. [Investopedia reads](https://www.investopedia.com/terms/n/negative_convexity.asp), 
+
+*"For example, with a callable bond, as interest rates fall, the incentive for the issuer to call the bond* [*at par*](https://www.investopedia.com/terms/a/at-par.asp) *increases; therefore, its price will not rise as quickly as the price of a non-callable bond. The price of a* [*callable bond*](https://www.investopedia.com/terms/c/callablebond.asp) *might actually drop as the likelihood that the bond will be called increases. This is why the shape of a callable bond's curve of price with respect to yield is concave or negatively convex."* 
+
+Basically what this is saying is that in a recession (hello, Covid) as interest rates fall, the incentive for refinancing gets stronger and stronger. Therefore, financing these loans becomes less and less attractive to loaners, because they want to receive as much money as possible and NOT have these companies refinance their loans to overall pay less.
+
+But how does this relate to the larger market and MBS and our beloved stonk? Here's where we start to tie all the loose ends up. [Investopedia reads](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040), " 
+
+*"Falling interest rates are spurring homeowners to refinance their mortgages. As a result, investors in MBS are getting their* [*principal*](https://www.investopedia.com/terms/p/principal.asp) *back earlier than expected. Although falling interest rates raise the prices of most bonds, this macro environment also can cause the prices of* [*callable bonds*](https://www.investopedia.com/terms/c/callablebond.asp)*, or other bonds such as MBS which can offer unexpected early repayment of principal, to fall in value. This is the paradox of negative convexity.*
+
+*Meanwhile, investors who have received early returns of capital are seeking to reinvest them elsewhere, and a major destination for these funds is the* [*U.S Treasury Bond*](https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp) *market, BI indicates. However, increased buying action in T-Bonds is sending their yields down yet more, reinforcing the vicious cycle since declining yields among these* [*benchmark*](https://www.investopedia.com/terms/b/benchmark.asp) *securities are causing mortgage rates to be reset at yet lower levels, thereby accelerating the refinancing of mortgages and the resultant decline in the value of MBS."*
+
+As it turns out, MBS are callable bonds. This means that people can make pre-payments on their mortgages and not have to pay interest in the future. And, since interest rates are so low due to Covid, a tonnnnn of people are refinancing. And according to Investopedia, many investors are using this new influx of cash to buy Treasury bonds. However, the government can't go broke with paying interest on a ton of new bonds, so it has to decrease yields of bonds over time, which causes interest rates to be set lower and exacerbate this negative cycle. 
+
+As you can clearly see, as mortgage interest rates decrease, the purchasing of new houses decreases as well. This is because people would rather just refinance their current house with the dirt cheap interest rates. However, now that the Fed is slightly raising rates, companies are beginning to engage in something called *convexity hedging*. According to this same Reuters article, 
+
+*"The rise in Treasury yields has created the need for investors who hold mortgage-backed securities (MBS) to reduce the risks on the loans they manage to counter the negative effects of slower loan prepayments when interest rates climb, a move known as 'convexity hedging'."* 
+
+Ok! So, Covid-19 + JPow/Quantitative Easing (money printing) = low interest rates. Low interest rates = MBS are not worth much because they are a callable bond and can be refinanced with these lower interest rates. However, these low interest rates are very unsustainable. So, interest rates rise --> convexity hedging (because now the principal amount is taking longer to be paid so its overall less attractive to buyers) --> MBS values also fall. Really, it's a lose-lose situation regarding interest rates an MBS.
+
+This decrease in value of mortgages/MBS is leading to companies needing to find a way to find a different form of collateral. Enter Home Equity Lines of Credit, or HELOCS. [According to Investopedia](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040),
+
+*"*[*Home equity loans and HELOCs*](https://www.investopedia.com/mortgage/heloc/home-equity-vs-heloc/) *use the equity in your home—that is, the difference between your home’s value and your mortgage balance—as collateral. .. However, there’s a* [*downside to using your home as collateral*](https://www.investopedia.com/articles/mortgages-real-estate/11/helocs-can-hurt-you.asp)*. Home equity lenders place a second* [*lien*](https://www.investopedia.com/terms/l/lien.asp) *on your home, giving them rights to your home along with the first mortgage lien if you fail to make payments."*
+
+Yikes. Basically, on top of of just financing a single mortgage like normal, you can essentially take out a second mortgage that gives you a line of credit to use for alternative debt repayment. Companies have really started pushing these as alternative ways to 'bring down the cost of your mortgage' when you're really just taking out another mortgage to pay for your first one.  I will be closely watching for a potentially large increase in the usage of these HELOCS as the Fed begins to inevitably have to raise interest rates and restrict QE.
+
+Now, it's time for the TLDR!
+
+TLDR
+
+\---------------------------------------
+
+* Asset backed securities are packages of loans that use some type of asset as collateral. In this case, we are talking about Mortgage Asset Backed Securities, or MBS.
+* Callable bonds are a type of bond where the issuer can pre-pay the principal amount through refinancing with a second loan if market interest rates fall
+* MBS undergo negative convexity, which is the phenomenon where as interest rates fall, bond prices decrease (normally it is the opposite)
+* This is important, because MBS are essentially caught between a rock and a hard place: interest rates falling during Covid/Quantitative Easing (money printing) caused these mortgages to lose value due to negative convexity; this caused MBS to lose value as collateral, and thus the market corrects recessively as banks tighten up on margin to lower their risk. However, the more recent rise in interest rates has created the need for MBS holders to reduce risk on loans they own because now they are not receiving as much cash up-front (which also causes a tightening up on margin).
+* Because of these complications, companies are turning to Home Equity Lines of Credit (HELOCS), as alternative forms of debt repayment - these are even more aggressive than mortgages, and if interest rates keep slipping upwards, I foresee these HELOCS once again rising in popularity and thus more repos happening. 
+* This all relates to our favorite stonk because in my opinion, tightening of margin will only exacerbate the GME situation and cause margin calls which could potentially send the rocket going.
+
+ I am not a financial advisor, please do not ask me how to make money off this play. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS, and keep sending me leads to follow! Thanks.
+
+Hey all! It's been a second. True to my word, I only wrote DD as I deemed it appropriate, which is why I cranked out a bunch of stuff and then cooled off for a while once I didn't have any new leads. Well today, I thought I would dip my toes into another bubble that I'm sure you all are more familiar with; the Mortgage Backed Securities bubble. I'm not trying to fearmonger nor am I saying that we're in for another 2008-like housing crash - rather, I am hoping to show some more fuckery surrounding this topic and the asset backed securities market as a whole.  If you're curious about other ABS bubbles, make sure to check out my series on Auto Loan ABS (ALABS) and Student Loan ABS (SLABS). Keep in mind that we're all still learning in this sub - I'm just an ape that figured out how to work a keyboard, so take what I say with a grain of salt. Without further ado, letsa go!
+
+For the uninitiated, let me briefly go over what an asset backed security is. Feel free to skip this part if you have some familiarity with the topic. 
+
+\--------------------------------------------------------------------------------
+
+[According to Investopedia](https://www.investopedia.com/terms/a/asset-backedsecurity.asp), *"An asset-backed security (ABS) is a type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or* [*receivables*](https://www.investopedia.com/terms/r/receivables.asp)*. It takes the form of a bond or note, paying income at a fixed rate for a set amount of time, until maturity."* 
+
+ "*Assume that Company X is in the business of making automobile loans. If a person wants to borrow money to buy a car, Company X gives that person the cash, and the person is obligated to repay the loan with a certain amount of interest. Perhaps Company X makes so many loans that it starts to run out of cash. Company X can then* ***package*** *its current loans and* ***sell*** *them to Investment Firm X, thus receiving the cash, which it can then use to make more loans.*
+
+*Investment Firm X will then sort the purchased loans into different groups called* [*tranches*](https://www.investopedia.com/terms/t/tranches.asp)*. These tranches contain loans with similar characteristics, such as maturity, interest rate, and expected* [*delinquency rate*](https://www.investopedia.com/terms/d/delinquency-rate.asp)*. Next, Investment Firm X will issue securities based on each tranche it creates. Similar to bonds, each ABS has a rating indicating its degree of riskiness—that is, the likelihood the underlying loans will go into* [*default*](https://www.investopedia.com/terms/d/default2.asp)*.*
+
+*Individual investors then purchase these securities and receive the cash flows from the underlying pool of auto loans, minus an administrative fee that Investment Firm X keeps for itself."* 
+
+\------------------------------------------------------------------------
+
+Ok, let's unpack this. In simple terms, let's say I take out a loan to buy a house (aka a mortgage). The bank that issued me this mortgage packages my mortgage along with tons of others into a bundle, and sells this bundle to an investment firm (e.g. a hedge fund), so that the bank has more hard cash to loan out to borrowers and thus sell more bundles. Then, these investment firms sort through these bundles and create packages of similar loans to sell to individual investors, like you or me, which we call an asset backed security. I argue that based on current economic conditions, MBS are losing value which could effect their usefulness as collateral and cause an overall recessive trend/tightening of margin by banks. 
+
+Anyways, let's get back on track. I'd like to talk about why these MBS are decreasing in value. And what do you know, enter our old friend Covid-19. As you all know, Covid-19 royally bent over pretty much everyone's economy, including the USA's. What's the solution you may ask? In the wise words of sir Jerome Powell, ***"Print more god damn money!!!"*** While maybe not exactly true, one of the things the Federal Reserve can and did do is to decrease interest rates during a recession to encourage investment. While this may seem fine and dandy on paper, it had an unintended (or uncared about) effect on MBS.  
+
+Before I get into that, I just want to take a quick second to define what a callable bond is[. According to Investopedia](https://www.investopedia.com/terms/c/callablebond.asp), *"A callable bond is a debt instrument in which the issuer reserves the right to return the investor's principal and stop interest payments before the bond's* [*maturity date*](https://www.investopedia.com/terms/m/maturitydate.asp)*. "* But why would a company want to do this? The site continues, saying " 
+
+*If market* [*interest rates*](https://www.investopedia.com/terms/i/interestrate.asp) *decline after a corporation floats a bond \[borrows money\], the company can issue new debt, receiving a lower interest rate than the original callable bond. The company uses the proceeds from the second, lower-rate issue to pay off the earlier callable bond by exercising the call feature. As a result, the company has refinanced its debt by paying off the higher-yielding callable bonds with the newly-issued debt at a lower interest rate.*
+
+*Paying down debt early by exercising callable bonds saves a company interest expense and prevents the company from being put in financial difficulties in the long term if economic or financial conditions worsen."*
+
+Interesting! Essentially what companies can do is if after they take out a loan and interest rates fall, they can refinance their loan and use the extra money to pay off their more expensive previous loan and come out with a net positive. The attractiveness to investors is that these typically pay a higher interest rate than non-callable bonds, since there is the risk of market interest rates falling and you, the issuer, being paid less by a company that refinanced its loans. This will be important shortly.
+
+Anyways, let's get back to negative convexity. This callable vs. non-callable bond stuff helps explain how the phenomena works. 
+
+Normally, when interest rates decrease, bond prices increase. However, for bonds experiencing negative convexity, the opposite is true; prices **decrease** as interest rates fall. [Investopedia reads](https://www.investopedia.com/terms/n/negative_convexity.asp), 
+
+*"For example, with a callable bond, as interest rates fall, the incentive for the issuer to call the bond* [*at par*](https://www.investopedia.com/terms/a/at-par.asp) *increases; therefore, its price will not rise as quickly as the price of a non-callable bond. The price of a* [*callable bond*](https://www.investopedia.com/terms/c/callablebond.asp) *might actually drop as the likelihood that the bond will be called increases. This is why the shape of a callable bond's curve of price with respect to yield is concave or negatively convex."* 
+
+Basically what this is saying is that in a recession (hello, Covid) as interest rates fall, the incentive for refinancing gets stronger and stronger. Therefore, financing these loans becomes less and less attractive to loaners, because they want to receive as much money as possible and NOT have these companies refinance their loans to overall pay less.
+
+But how does this relate to the larger market and MBS and our beloved stonk? Here's where we start to tie all the loose ends up. [Investopedia reads](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040), " 
+
+*"Falling interest rates are spurring homeowners to refinance their mortgages. As a result, investors in MBS are getting their* [*principal*](https://www.investopedia.com/terms/p/principal.asp) *back earlier than expected. Although falling interest rates raise the prices of most bonds, this macro environment also can cause the prices of* [*callable bonds*](https://www.investopedia.com/terms/c/callablebond.asp)*, or other bonds such as MBS which can offer unexpected early repayment of principal, to fall in value. This is the paradox of negative convexity.*
+
+*Meanwhile, investors who have received early returns of capital are seeking to reinvest them elsewhere, and a major destination for these funds is the* [*U.S Treasury Bond*](https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp) *market, BI indicates. However, increased buying action in T-Bonds is sending their yields down yet more, reinforcing the vicious cycle since declining yields among these* [*benchmark*](https://www.investopedia.com/terms/b/benchmark.asp) *securities are causing mortgage rates to be reset at yet lower levels, thereby accelerating the refinancing of mortgages and the resultant decline in the value of MBS."*
+
+As it turns out, MBS are callable bonds. This means that people can make pre-payments on their mortgages and not have to pay interest in the future. And, since interest rates are so low due to Covid, a tonnnnn of people are refinancing. And according to Investopedia, many investors are using this new influx of cash to buy Treasury bonds. However, the government can't go broke with paying interest on a ton of new bonds, so it has to decrease yields of bonds over time, which causes interest rates to be set lower and exacerbate this negative cycle. 
+
+As you can clearly see, as mortgage interest rates decrease, the purchasing of new houses decreases as well. This is because people would rather just refinance their current house with the dirt cheap interest rates. However, now that the Fed is slightly raising rates, companies are beginning to engage in something called *convexity hedging*. According to this same Reuters article, 
+
+*"The rise in Treasury yields has created the need for investors who hold mortgage-backed securities (MBS) to reduce the risks on the loans they manage to counter the negative effects of slower loan prepayments when interest rates climb, a move known as 'convexity hedging'."* 
+
+Ok! So, Covid-19 + JPow/Quantitative Easing (money printing) = low interest rates. Low interest rates = MBS are not worth much because they are a callable bond and can be refinanced with these lower interest rates. However, these low interest rates are very unsustainable. So, interest rates rise --> convexity hedging (because now the principal amount is taking longer to be paid so its overall less attractive to buyers) --> MBS values also fall. Really, it's a lose-lose situation regarding interest rates an MBS.
+
+This decrease in value of mortgages/MBS is leading to companies needing to find a way to find a different form of collateral. Enter Home Equity Lines of Credit, or HELOCS. [According to Investopedia](https://www.investopedia.com/why-mortgage-backed-bonds-that-spurred-2008-crisis-are-in-trouble-again-4770040),
+
+*"*[*Home equity loans and HELOCs*](https://www.investopedia.com/mortgage/heloc/home-equity-vs-heloc/) *use the equity in your home—that is, the difference between your home’s value and your mortgage balance—as collateral. .. However, there’s a* [*downside to using your home as collateral*](https://www.investopedia.com/articles/mortgages-real-estate/11/helocs-can-hurt-you.asp)*. Home equity lenders place a second* [*lien*](https://www.investopedia.com/terms/l/lien.asp) *on your home, giving them rights to your home along with the first mortgage lien if you fail to make payments."*
+
+Yikes. Basically, on top of of just financing a single mortgage like normal, you can essentially take out a second mortgage that gives you a line of credit to use for alternative debt repayment. Companies have really started pushing these as alternative ways to 'bring down the cost of your mortgage' when you're really just taking out another mortgage to pay for your first one.  I will be closely watching for a potentially large increase in the usage of these HELOCS as the Fed begins to inevitably have to raise interest rates and restrict QE.
+
+Now, it's time for the TLDR!
+
+TLDR
+
+\---------------------------------------
+
+* Asset backed securities are packages of loans that use some type of asset as collateral. In this case, we are talking about Mortgage Asset Backed Securities, or MBS.
+* Callable bonds are a type of bond where the issuer can pre-pay the principal amount through refinancing with a second loan if market interest rates fall
+* MBS undergo negative convexity, which is the phenomenon where as interest rates fall, bond prices decrease (normally it is the opposite)
+* This is important, because MBS are essentially caught between a rock and a hard place: interest rates falling during Covid/Quantitative Easing (money printing) caused these mortgages to lose value due to negative convexity; this caused MBS to lose value as collateral, and thus the market corrects recessively as banks tighten up on margin to lower their risk. However, the more recent rise in interest rates has created the need for MBS holders to reduce risk on loans they own because now they are not receiving as much cash up-front (which also causes a tightening up on margin).
+* Because of these complications, companies are turning to Home Equity Lines of Credit (HELOCS), as alternative forms of debt repayment - these are even more aggressive than mortgages, and if interest rates keep slipping upwards, I foresee these HELOCS once again rising in popularity and thus more repos happening. 
+* This all relates to our favorite stonk because in my opinion, tightening of margin will only exacerbate the GME situation and cause margin calls which could potentially send the rocket going.
+
+ I am not a financial advisor, please do not ask me how to make money off this play. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS, and keep sending me leads to follow! Thanks.
+Not sure if this is the best sub for this, but based on some of the threads there is knowledge.
+
+I was looking for space for my business (construction) in a semi-serious manner and found this property. It's about 3x what I need, but easily partitioned brand new build in a convenient location.
+
+I was able to negotiate a good deal on it and we are currently in escrow. 
+
+Some details:
+
+My NW: 3.5MM (mostly illiquid)
+
+Building Size: 20,500 sq ft.
+
+Partition i need: 5700 sq ft. The rest will get leased out.
+
+Purchase price: 2.73MM
+
+Downpayment 20%
+
+Interest: 4.25-4.75% (not fully confirmed, in underwriting). 10/20 loan
+
+Estimated income from leasing out 15000 sq ft: $12000/month + NNN
+
+My thought is it would be easy to manage tenants who are going to be in my building. High-end industrial build should not need any maintenance or repairs for 20+ years.
+
+In 10 years I will pay it off and sell my business it will be just a cash cow for me.
+
+I have zero experience in industrial RE, but working with a broker, who seems credible.
+
+Any pitfalls i should be looking at? Am i insane to take on so much debt?
+One More Year Syndrome.
+
+My wife and I are both 54 years old. We have two adult children in their mid/late 20s. Annual income the past several years has been in the $900,000 to $1,000,000 range. I work in a C-Suite level position for a financial institution. I would expect income level to be similar for the foreseeable future (not a lot of chance for growth). Annual spending is around $150,000 (house/cars paid off). Highest outlay category by far is Uncle Sam (brutal!). Our net worth is high 7 figure.
+
+One of our main goals in life is to leave a significant portion of our estate to several of our favorite charities. We expect our children to work hard and make their own way in the world and not coast in life waiting for mom and dad to pass. We have not discussed in depth with our children but feel that one million each in inheritance is more than enough.
+
+If we (I) stop working now, our estate could potentially be in the $25 million range in 30 years. By working until age 60, the estate could be significantly more than that.
+
+I enjoy my career for the most part but every year the stress level and travel that comes with the position takes a greater toll on me.
+
+Have any of you been in a similar situation? I would love to get your thoughts.
+
+I mentioned this a while ago as a comment, and it didn't gain any traction. I am interested to hear your thoughts.
+
+Am I the only person who isn't 100% sold on ETF's being the only way to invest? The steadfast opinion that something is the best and that things will never change has been a contributing factor to every market correction in history. In 2017, Howard Marks (the author of 'The Most Important Thing') made a very interesting point about ETF investing. Iain Butler from Fool wrote a memo on it, and I'll include a few excerpts here.
+
+> You see, underlying the wisdom of passive investing is the belief that the efforts of active investors cause assets to be fairly priced. With trillions of dollars however now invested passively, it should mean that prices will more freely diverge from being fair. Either moving into over- or under-valued territory. After all, those trillions are out there chasing many of the biggest companies in the market, investing in them rather blindly, and potentially overvaluing them. It stands to reason that in their wake, a host of smaller companies that aren’t garnering these passive dollars are therefore on the undervalued side.
+
+I think the logic is sound, I'm just not sure how to react. Just stay in ETFs, because investing in an undervalued position might not be as rewarding as it has historically been? Keep trying to find those undervalued picks because they theoretically still provide the best path to solid returns? What do you think?
+
+Edit - thank you all for your insights!
+Hi everyone. I’m a 22 year old and I have contributed about 70% of my TFSA limit. My TFSA is down quite a bit from the past few weeks because I invested waaay too much in tech. My biggest position is EARK and it’s down so much, I also have TEC, LSPD, GDNP, NEXE and a few riskier stocks. Everything is basically down like 25%. 
+
+I’m considering selling everything once the market normalizes, and split my entire TFSA to have only VFV, TEC and some EARK. I want to do this because I realize that I was anxious and checking my phone every 5 mins during the past weeks, and I don’t think I want to be in a similar situation in the future. 
+
+So I’m wondering if it’s okay to have VFV as the largest holding ( > 50%). I like it because it still returns a lot, while being safer than individual stocks. 
+
+Thanks for your opinion.
+-Suncor Energy (SU -1.6%) is downgraded to Buy from Conviction Buy with a $25 price target at Goldman Sachs, saying it sees few catalysts for the stock in the near-term while waiting for more evidence of improving operations.
+
+-Goldman's Neil Mehta says other stocks are better positioned to capitalize from growth from key mega-trends, such as Baker Hughes (BKR -0.1%), which Goldman adds to its Americas Conviction List.
+
+-Mehta believes Baker Hughes offers a strong fundamental growth story, "with differentiated through-cycle resilience due to its industrial-like cash flows, an improving oilfield services business, and meaningful exposure to multiple long-term secular growth trends related to the energy transition."
+
+
+s eekingalpha.com/news/3731539-suncor-pulled-from-goldman-sachs-conviction-list-remains-buy-rated
+Good evening everybody, hope you've had a nice weekend!
+
+**The Background** I've had the good fortune of starting my first real, full-time job out of college. I'm making just under $49K per year, and over the next 4 years that'll progressively rise to around $115K.
+
+I'm trying my best to start off running: I'm living at home for the next 3 years or so, maxing out a Roth IRA, putting money into my 401K  (5% + 5% matched), and I've set up an Ally account to automatically take about 50% of my remaining paycheck for my emergency & investing funds. 
+
+**The problem** I live in a pretty wealthy area; when half the cars on the road and in my office parking lot are Audis and Teslas and BMWs, it's not long before I start to dream beyond my Toyota Camry. Or I start to think about fun weekend trips to do with my girlfriend, when the trips start turning into thoughts of big vacations. Et cetera, et cetera...
+
+**The question** How have you gotten into the FIRE mentality? What habits or activities have you implemented, and how effective would you say they've been? And how do you manage expectations that come with a growing salary?
+
+Thanks!
+Yes I’m an ape, but I can read. And if it’s not god damn brain wrinkling DD but a simple sentence I guess most of us manage to understand the message the first time.
+
+I fully understand your excitement but polluting the thread with the same message all over again is just bs. So eat some frozen crayons and keep cool. And if you see that already gazillions of people have posted the same message refrain from the urge to be number gazillion + 1. Thanks 🦍 🦍 🦍
+I just discovered this sub, and have to say it’s great to read about the experiences of others who are dealing with similar issues. I have never met anyone in real life in a financial situation similar to mine — the get rich slowly track.  So thanks for being here and contributing. I hope I can add something useful to the discussion.  
+
+About ten years ago my partner and I tried to fire. I had never given much thought to how to convert this money into a retirement income stream. Having started my financial plan in the roaring 90’s, I just assumed a 7% real return would be easy to get. Also I had no idea how to gauge risk tolerance. So, shortly after fire-ing, the market tanked. At the bottom, our net worth was probably 1.5M, including our house in a MCOL area. Experts were now saying returns were going to be more like 2.5%. Yikes. None of our friends or family would have pitied us, of course, because we were still in a great position compared to them — but it was a terrible feeling watching money going out for expenses at a totally unsustainable rate. After struggling with fear and disappointment, all the while trying a “more fulfilling career” that didn’t pay the bills (wow, that could be a whole post in itself) we both went back to our tech jobs. Our goal was abundance and security. 
+
+Now our net worth is around 6.5M in a VLCOL area, our investment allocation is 40% stocks, 20% rental real estate, and 40% short duration CDs. We will retire when the jobs get annoying, which will probably be in a year or two, judging from the market cycle. It’s great to know that if the market tanks like it did back then, we will still most likely be fine. 
+
+
+
+
+Hey friends- was looking at Mint today, and realized that as of today, wife and I just passed $500k NW! With how hot the housing and stock markets are and the odds of a correction/recession occurring in the near term seeming to be somewhat inevitable, I realize that this may be a temporary thing and a lot of our NW could vanish overnight, but it's exciting to see the progress we've made so far. And as I read in this sub all the time, I have literally no one else to share the good news with other than my wife- and she's definitely sick of hearing about our NW from me :)  So thought I'd share with you good people who get it and can appreciate it because we're all working and striving towards similar goals.
+
+**Background**
+
+My wife and I discovered FIRE back in December of 2018 and realized we'd already been largely living and saving that way out of habit, but didn't realize there was a whole community built around the idea of freedom from financial independence. What really blew us away was that when we ran fairly conservative numbers, we realized that the idea of being in a position where we didn't "have" to work by the time we were in our mid to late 30s, could actually be a reality if we made a plan and stuck to it. We're generally fairly frugal people, but like a lot of people on this sub (and millennials in general it seems), we really value traveling, trying new places to eat (if it fits in the budget), and fitness. So most of our discretionary spending goes towards those things. Essentially everything else goes towards saving and investing.
+
+​
+
+**Current Income**: \~$170k/year (in Sales), wife is SAHM. Started at \~$75k coming out of college (also in Sales)
+
+**Asset breakdown**
+
+\-$150k in home equity (owe $335k on our loan, home value is around $485k)
+
+\~$130k in company 401k (combination of traditional, Roth, and some after-tax contributions) pretty much all invested in low expense ratio Vanguard S&P 500 funds available in my plan
+
+\~$100k in Roth IRA accounts (includes both my IRA and my wife's IRA)- mixture of individual stocks and ETFs- probably about a 2:1 ratio
+
+\-$55k in taxable brokerage accounts- half ETFs/index funds, half individual stonks
+
+\-$27k in HSA account (invested in Vanguard total market funds/ETFs- almost identical to 401k selection)
+
+\~$32k in checking and savings ($25k for Emergency fund)
+
+\-$6k in crypto (the FOMO is real haha, but followed a rule of thumb I heard, and invested no more than 1% of net worth, being totally okay with losing it all- invested $4k total at the time)
+
+\-Not sure whether to count them as assets, because a car is hardly an "asset" in my book, more like a necessary liability haha, but paid cash for our two old and well-used cars (my Dad raised me to always buy used- "a new car loses a third of the value when you drive it off the lot!"- when we bought them several years ago. Each is probably worth about $3.5/$4k, so we'll say an additional $7k from our cars
+
+**Where we had help**
+
+I feel like it wouldn't be fair to not mention that while my wife and I both worked in college and have saved religiously since we were poor students together, we both went to a very low-cost university and she and I both got help with rent from family (I stayed in a family member's apartment, her parents paid for her accommodations until we were married). This allowed us to graduate debt free, which I realize with how much college costs nowadays, is a major privilege and blessing, and definitely allowed us to start investing and saving earlier as we didn't have to worry about paying down student loans. The other huge help we got was from my parents when we bought our first home. My grandparents helped fund my parents downpayment on their first home, and my Dad wanted to pay it forward and do the same for his kids. For us, this equated to a very generous $40k gift to help us get into the housing market and put 15% down without forcing us to sell major stock investments. We would have liked to put 20% down initially to avoid PMI, but didn't want to sell stocks if we didn't have to. Luckily, with home prices rocketing across the country and ReFi rates being as good as they've been, 6 months after buying, we were able to refinance at a better rate and get the dreaded PMI waived.
+
+**What next?**
+
+If you've made it this far, congratulations. Our ultimate goal when we set out on this journey 3 years ago, was to get to \~$1.6M ($65k yearly expenses with the 4% rule) and then semi or completely retire, depending on how we feel once we get there. As I've read more, I'm realizing that 4% SWR is often a little too optimistic, so realistically we'd like to get closer to a 3.5 or even 3% SWR which would raise our FIRE number to $1.85M or $2.16M respectively. At any rate, we've still got a ways to go, but as they say, the first $100k is harder than the next $100k, so I'm hoping the same holds true for our journey ahead. Time will tell!  Thanks for attending my TED talk :)
+[Link](https://www.bloomberg.com/news/articles/2021-05-12/taiwan-s-stock-crash-fueled-by-forced-sellers-options-expiry) 
+
+Taiwan’s $2 trillion stock market triggered a rush of activity in the options market on Wednesday.
+
+As the Taiex sank 3.8% on Tuesday, the level of margin debt fell by NT$12.6 billion, the most since October 2018. That suggests traders faced margin calls by brokers to cover losses in their stock accounts. Wednesday’s rout is likely to have spurred a bigger unwinding of leverage.
+
+Will the over-leveraged brokers in Taiwan and [Canadian U.S. Bond selling](https://www.reddit.com/r/Superstonk/comments/naiy1g/bloomberg_canada_sells_its_largest_us_dollar_bond/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) lead to fear for the U.S. markets on opening bell?
+I just watched a YouTube video of a crypto youtuber talking about how SHIBA will reach $1 in 2022. I didn't watch the video because its obviously bs but I went to the comments to see some cringey comments of people saying it will reach their goal
+
+I skimmed through a bit of the video and not once did he mention market cap
+
+I find it really cringey that these people don't understand market cap thinking that Shiba will reach this amount not realising that it would be the biggest coin in the crypto space if it reached this amount
+
+This is also another reason why I find most crypto youtubers to be a bunch of scammers just making a living from the ignorant
+
+Just for context, if SHIBA went to $1, it will have a market cap of $558 trillion (BTC is currently at around $918 billion) 
+
+What do you guys think?
+**UPDATE**: I got it resolved! I replied to their email with only the police report, FTC identity theft report, proof of residence, and a copy of my drivers license (I did not fill out their affidavit or give them my SSN). I also mentioned the CFPB and formally requested they close the account and provide confirmation in writing. They emailed back within the hour and it was done. Jesus Christ. Thank you all so much, I did not expect so many responses and it was incredibly helpful. 
+
+
+**ORIGINAL POST**: I got a debit card from MetaBank/MoneyLion in the mail, correct name and address, but I did NOT apply for an account with them. I did not activate the card, and found the support number on their website. Customer service opened a case and told me they'd email me an affidavit that I'd need to have notarized and return. They couldn't tell me anything about the account (which state it was opened in, if there was money in it). They also said they couldn't cancel the account until I returned the requested info to their fraud team.
+
+I get the email from their fraud department a few days later and they are requesting the following, along with the affidavit:
+
+\*\*A copy of a Police Report stating that you are the victim of Identity Theft\*\*
+
+\*\*A copy of your valid and unexpired Driver’s License or Government Issued ID\*\*
+
+\*\*A copy of your Social Security Card\*\*
+
+Excuse me, but I never requested this debit card to begin with. I am not going to give them any more of my personal info. Is there a way I can report this/have the account closed without dealing with them directly? I live in Kansas, if that helps.
+
+Edit: here’s the letter. 
+Front: https://i.imgur.com/0ZiqgPU.jpg
+Back: https://i.imgur.com/3zdKEeI.jpg (note no account #)
+
+Here’s the email from the fraud department: https://i.imgur.com/ayjhQ48.jpg
+Due to time at uni and working abroad, I only have 3 years of NI contributions. I have 8 years of insufficient contributions, that i can top-up for ~£6-700 each. (Total of £5500 for 8 years of NI contributions).
+
+I have until the end of 2022-23 tax year to pay, so will probably leave it a few years regardless, as I would rather have the money now and there is no advantage to paying now (I think).
+
+Current plan is to try and retire early, with a mixture of pensions, SIPP and ISAs, as well as a few side hustles and real estate (eventually).
+
+Is it generally advised to buy these years (I won't reach the full 30 years before retirement anyway, and may spend years abroad not contributing).
+
+If I live abroad and am not a UK taxpayer, will I still get money when I hit state retirement age?
+Words, phrases, maxims? Examples include, but are not limited to:
+
+time in the market beats timing the market
+
+the first $1m is the hardest
+
+mang
+
+baristaFI
+
+side hustle
+
+there's always money in the banana stand
+# Last week, I posted about $CHMA and $BEST - both up since posting!
+
+# Yesterday, I posted my biggest flyer yet, $ZSAN, which was up over 100% since my post. Today, I’m bringing you my final post of the week, $NVCN
+
+# NVCN is dual listed on the NASDAQ and TSX for all you Canadian folks.
+
+# Just a reminder, this is NOT financial advice, please do your own due diligence before buying ANY stock
+
+# Neovasc is something I’ve been eyeing for quite some time so I’m really happy to finally make a post on it.
+
+I figured since I told my 2.5k followers on my own account I would make a DD on this, I think it's only fair I share it with the whole r/pennystocks sub.
+
+**SO, WHAT IS NVCN?**
+
+​
+
+[Neovasc was chosen as a finalist for the Fierce Innovation Awards](https://preview.redd.it/du8gzgr9whg61.png?width=800&format=png&auto=webp&s=b9492139e3750fe809e9566eb7599b74559374d9)
+
+**Neovasc is a leader in the development of minimally invasive transcatheter mitral valve replacement technologies, and minimally invasive devices for the treatment of refractory angina.** The company currently has two devices. The Reducer is CE-marked in the European Union and *under FDA review* for the treatment of refractory angina. The Reducer provides relief of angina symptoms by altering blood flow in the heart’s circulatory system, thereby increasing the perfusion of oxygenated blood to ischemic areas of the heart muscle. Tiara is a self-expanding mitral bioprosthesis for treatment of mitral valve regurgitation (“MR”) by replacing the diseased valve.
+
+Conventional surgical treatments are only appropriate for about half of MR patients, who number an estimated four million in the U.S. with a similar number of patients in Europe. Tiara is implanted using a minimally invasive, transcatheter approach which avoids open-heart surgery or use of a cardiac bypass machine. *The Tiara valve is not commercially available and is currently being evaluated in two ongoing clinical trials in the US, CA, Europe and Israel.*
+
+**WHAT'S SO GOOD ABOUT NVCN?**
+
+**WELL, NEOVASC WAS CHOSEN AS FINALIST FOR THE FIERCE INNOVATION AWARDS**  
+ “Neovasc has been selected as a finalist in this year’s Fierce Innovation Awards – LifeSciences Edition, for the Reducer product. The Fierce Innovation Awards is a peer reviewed awards program from the publisher of *FierceBiotech* and *FiercePharma and* highlights companies that demonstrated innovative solutions, technologies, and services that have the potential to make the greatest impact for biotech and pharma companies.
+
+Finalists’ applications were reviewed by an exclusive panel of executives from major biotech and pharma companies and were evaluated based on the following criteria: effectiveness, technical innovation, competitive advantage, financial impact, and true innovation.”
+
+**LET'S LOOK AT THEIR PRODUCTS:**
+
+# NEOVASC TIARA™
+
+[Neovasc Tiara](https://preview.redd.it/slirsj5hwhg61.jpg?width=500&format=pjpg&auto=webp&s=26168cc89aa43843f6b99df78ead8b9a578fa5cf)
+
+**TIARA™ IS A NOVEL TRANSCATHETER DEVICE DESIGNED TO TREAT MITRAL REGURGITATION (MR), A CONDITION THAT IS OFTEN SEVERE AND CAN LEAD TO HEART FAILURE AND DEATH.**
+
+Neovasc is developing the Tiara for the treatment of severe MR, a condition that affects approximately four million patients in the U.S. alone. Currently, conventional surgical treatments are only appropriate for about 20% of these patients, leaving the majority of patients untreated.
+
+The Tiara device is delivered through the apex of the heart to replace the mitral valve while preserving the integrity of the surrounding structures of the heart.
+
+Tiara has been designed specifically to address each of the challenges listed below and meet the need for transcatheter replacement of the mitral valve, rather than being adapted from an aortic valve. Tiara implantation is achieved through a transapical approach and does not require any hemodynamic support.
+
+**Challenges To Treatment Of The Mitral Valve Include:**
+
+* Complex geometry of the mitral apparatus
+* Changes of the mitral apparatus throughout the cardiac cycle
+* Maintaining continuity with the sub valvular structures
+* Native D shape of the mitral valve
+* Proximity to the aortic valve and potential for Left Ventricular Outflow Tract (LVOT) obstruction
+* Large size of the mitral valve – larger crossing profile
+* High closing pressures
+* Left ventricular remodelling
+
+# NEOVASC REDUCER™
+
+​
+
+[NEOVASC REDUCER](https://preview.redd.it/yw07d8qnwhg61.jpg?width=690&format=pjpg&auto=webp&s=e760f6b9e4a4fa80ffa97d0f095bb2943a1edcb5)
+
+**AN EFFECTIVE PERCUTANEOUS TREATMENT FOR REFRACTORY ANGINA, A SEVERELY DEBILITATING CONDITION THAT AFFECTS MILLIONS GLOBALLY.**
+
+**ESSENTIAL FACTS**
+
+* Treats a large and growing population of patients suffering from refractory angina who have limited options
+* Currently CE Marked
+* COSIRA data showed patients treated with Reducer™ were 2.3 times more likely to see an improvement of two Canadian Cardiovascular Society (CCS) functional classification as compared to the control arm (n = 104, p value = 0.024).
+
+# Now, let's look at analyst ratings, and technical analysis (briefly).
+
+  
+ 
+
+[HC Wainnwright \(Five Star Analyst gives it a BUY Rating with a $6.37 PT\)](https://preview.redd.it/6e3or5c1xhg61.png?width=2054&format=png&auto=webp&s=028b73bf54a2e6e01737d70317a48255ee10b8d2)
+
+  
+As far as the charts go, I see a bullish flag pattern forming, indicating the price seems to be resuming a sharp rally after taking a brief pause.
+
+A bullish flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping downward against the prevailing uptrend, and is confirmed when the price breaks through the upper boundary to resume the rise. **See below**
+
+[Flag pattern](https://preview.redd.it/w8q87fu6xhg61.png?width=1262&format=png&auto=webp&s=c630c85eb12dfbf1db6fae697572c0279f4eb5a3)
+
+Overall, this was a brief DD, and if you need more information, feel free to reach out or do some google-ing! That being said, I think this company has a lot of potential, my personal price target would be about $7. Again, this is not financial advice, I'm just sharing my own research, do with it what you will :)
+^(--edit: excellent thorough compilations of FUD, thanks to) u/An-Onymous-Name ^(for the links:)
+
+* [^(https://reddit.com/r/Superstonk/comments/mnjqpw/dont\_forget\_what\_they\_did\_a\_running\_list\_of\_fud/)](https://reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/)
+* [^(https://reddit.com/r/Superstonk/comments/n8mizw/here\_is\_a\_complete\_compilation\_documenting\_the/)](https://reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/)
+
+# January/February:
+
+* RobinHood drama preventing GME/AMC/BB, etc. purchases.
+* WSB's Discord server banned for "hate speech."
+* Reddit going down during the January run up.
+* Shill's hostile takeover of WSB after the price tanked to $40/share, and honestly, I think this one was the most effective and had the potential to ruin everything since a lot of us had no idea wtf was going on. But we all held during the confusion and thankfully had DFV to guide us when he doubled down (if only I could go back in time and do the same at the $40 dip, and now the word is that the dip machine is broken lol).
+* Citron Research pumping news about GME going back to $20 fast and that retail doesn't know what the hell they're doing.
+
+# February:
+
+* Anyone remember those corny ass posts shills made of some lowly employee "overhearing the top execs of a "large" hedgefund, blah blah blah?" Talk about cringe.
+* SLVR pump and dump.
+   * Then our endless $ASS and $CUM mentions made the bots start promoting those tickers, which proved there were shill bots actively trying to manipulate apes, some even had broken codes of, "Hi, I'm <*insert\_name*\>".
+* Weed stock pump and dumps.
+* $RKT pump and dump.
+* All the gain porn intended to make it look like the squeeze was squoze.
+* CNBC paid advertisements promoting fake stories about Melvin closing out of their short positions.
+* Random "concerned" citizens reaching out to apes to try and make them sell.
+* CRYMER crying about apes (this happened in the background 24/7 into the present, he's just switched his angle now).
+* **Suicide profiling of high profile ape accounts providing excellent DD and other contributions to the community.**
+
+# March/April:
+
+* "You guys will be **crushed** by the taxes." Lmao ok.
+* GME mass exodus to r/superstonk happened around this time I believe, late March, possibly early April due to moderator drama in r/GME.
+* BS "Feel good" sob stories with an extremely low floor.
+* Pitting apes against each other and trying to cause distrust between X, XX, XXX, XXXX, etc. holders lol.
+* Q-Anon accusations and calling apes a cult.
+* Endless news articles titled, "Forget GameStop..."
+* Attempts to get apes to submit endless comments on the new regulations in order to get it held up in confirmation, as each comment must be reviewed before approval of the regulations.
+* MarketWatch reporting the March price drop 10 minutes before it happened to cause a mass selloff.
+* "#IamGME" posts trying to get people to reveal their identities.
+
+# April/May:
+
+* Voting drama
+* Online users count
+* Moderator drama
+* General price anchoring
+* Cryptocurrency markets down trillions
+* AMC's price manipulation to make GME holders FOMO into AMC and trying to create animosity between the 2 groups in general.
+* A bunch of people suddenly running into old "investment managers/advisors" trick.
+* CRYMER suddenly trying to be pro-retail after months of ridiculing retail investors and decades as a career fraud trader, his ultimate goal is to paint retail investors as a collective unit that manipulates markets to have the SEC fuck us over--fuck you Cramer.
+* SLGG merger
+* Glacier Capital bankruptcy
+* Shills impersonating apes in other subs to make us look bad
+
+# June:
+
+* **Mod bashing and general FUD attacks due to misunderstandings and drama during the SuperStonk YouTube channel's livestream coverage of the GME shareholder's meeting on 6/9/21**
+* **Wendys and CLOV pump and dumps**
+* **Vote count FUD**
+
+# hold, buy the dip, nothing else matters, ignore the FUD
+
+^(--edit: adding to the list, if I've left some out, please comment below and I'll add it to the list above--edit: added weed stocks + RKT pump and dumps, fake gain porn to make it look like squeeze was squoze in February, SLGG merger, Glacier Capital bankruptcy.--edit: added some more user-suggested ones for March, April/May--edit: added suicide profiling FUD, thanks to) u/Jinglefruit ^(for this one)
+
+\--edit: updated June
+I am not sure why I am even writing this post but I just felt investing could have been a little bit more fun than just DCAing into a broad market index fund like XEQT every two weeks. Every time I think about allocating a small % of the biweekly deposit to something else, I immediately go, "You know what I should just put it in XEQT instead". 
+
+I am not sure if I have expressed myself properly but could you help me with how I should go about my allocations when I am in my mid-20s?
+Quit my job, I want direct control of my pension money.
+
+Could I hypothetically transfer the locked in pension to RRSP, use the money to buy a house, then just sell the house so money is under my control?
+
+Would this plan work?
+Context:
+
+I'm 26 years old, single/no kids, living in Quebec. I'm renting my mother's house for dirt cheap. I have sold my previous house in late 2020.
+
+I'm currently paying all the bills and maintaining the place (the house + 2 acres of land) in exchange of no rent to pay. I'm planning on buying the house in 2-3 years from now. (Worth 300k atm)
+
+I'm saving aggressively for now. I have no debt and $160 000 NW.
+
+My question is:
+
+I bought a 20 years temporary life insurance 2 years ago. This insurance costs me 31$ per month and will remain the same price for 20 years. There's no buyback option since it's a temporary insurance. Therefore the low price. 
+
+Do I really need a life insurance? I don't have any persons that rely on me. I don't have any debt. I'm a very independant person. I don't know if i'll meet someone soon, but kids are very far away in my mind. 
+
+If I happen to die, no one will have anything to pay. Actually, my death would probably help a lot of persons in my family.
+
+Is it a good idea to cancel this insurance? It's with Empire Life. That's 372$ per year and roughly 7500$ after 20 years that I could invest instead.
+
+Any thoughts?
+Due to Economic Calculation Problem, they all collapse quickly as seen Venezuela? How was the Soviet Union able to last for many decades and become the 2nd largest superpower economy?
+I am studying Economics and I want to learn the program(s) that are the most useful. I heard that the following are the top options:
+C++
+Fortran
+Java
+Julia
+Python
+Matlab
+Mathematica
+R. 
+
+I have some basic knowledge on Matlab, Mathematica, R and C++. I was wondering on which one should I get better and why?
+Also, I am willing to earn a new language I am just wondering on which one/ones should I focus?
+
+Thanks
+To what degree is planned obsolescence due to consumer behavior, rather than the other way around? 
+
+Do manufacturers avoid making long lasting phones because it'd be a waste because consumers would just want to replace their phones after a while anyway? 
+
+Or do consumers replace their phones because they are made to wear out after a while? 
+
+I ask this because I saw [this post](http://fucktheflagandfuckyou.tumblr.com/post/176951519708/another-epic-fail-for-the-free-market-dumb-bitch), which mentions the EU legeslating against planned obcelecence. 
+I’ve been reading Greenspan’s memoirs, and his chapter about savings and investments is giving me a minor headache about a few things:
+First of all, regarding the above question, does savings still equal investment because (a)savings held as reserve are not technically savings, (b)they are negligible, or because of things I haven’t considered/don’t understand?
+
+Secondly, he wrote that despite increases in national income and also the savings rate in China, the corresponding increase in investment has been less than proportional to the increase in savings. I can only speculate that the savings were diverted to overseas investment? Am I correct on this?
+
+(Sorry if these questions are basic, I’m an intended Econ major waiting for university to start)
+One example is restaurants, clubs, hotels, etc., that surround sports stadiums. I'm writing a paper about autonomous trucks and examining downstream effects of changing the trucking industry, like how diners and truckstops will lose the business of the truck drivers.
+
+I think this is something I've heard of, but I can't remember. Can anyone tell me what this is called, or point me in the right direction?
+Hello!
+
+**TLDR: I'd like a better grasp of economics, possibly a career, how far into academia do I need to go?**
+
+Finished a BS in Econ a few years ago and curious what the expectations, depth, or topics are like for the higher level degrees. I have an MS in an unrelated field (Tech) and managed to tie in my undergrad econ skills into the thesis! However, it felt lacking and after reading the econ subreddits I have to google and wiki a lot of terms simply to comprehend responses to news articles. On the other hand, graduate level statistics required by the university felt way too simple after taking econometrics. But every day there's some term or statistical method I'm just now learning about.
+
+For example, the Dunning–Kruger effect is very interesting yet I only heard about it last month! What other knowledge gaps exist by not having an MS/PhD in economics? Would it be better to focus on mathematics first?
+For starters, let's say this person is 18 and able-bodied, but isn't going to ever work anything above the minimum wage.  They might be willing to work 50-60 hour weeks to make ends meet. For simplicity's sake, suppose they're sterile and won't be reproducing.
+
+Does adding this person to the existing US economy create a net gain or loss? How would changing any of the variables (education, reproduction, etc.) affect this? Is there good scholarship on this sort of thing?  I feel like some of the arguments about immigration might be less bullshitty if there was some sort of baseline understanding of the *actual* effects of adding different sorts of people to the economy, instead of the boogey/strawman picture that is painted in our political dialogue.
+Inspired by planet money episode number 937. They talk about neighborhoods with high upward mobility... And they assume everyone knows what is this number... And it is easy to get. But I don't know how to compute or look up this number.
+
+Links to papers on computing "upward mobility"?
+
+They also look up poverty rates. Is "upward mobility" just the inverse (1.0 - poverty rates)?
+So as an econ undergrad, I can't really wrap my mind around this question, and it's driving me crazy: what kind of hypothesis becomes a law in the field of economics? 
+
+In the rest of the sciences, as far as I know, a law is usually an empirical regularity or observation, while a theory is an over-arching explanation of a particular phenomenon, that generates testable hypotheses (even though the theory itself can't really be proven). 
+
+Thus, there is the law of gravity (just tells you about the gravitational attraction between two objects through a formula) and the theory of gravity (tries to explain why this attraction exists). And there are many more examples, such as atomic theory, the laws of thermodynamics, Newton's laws of motion, the theory of evolution, etc.
+
+However, its usage in economics seems confusing to me. For one thing, you've got laws such as the laws of supply and demand which claim that ceteris paribus, a given change in the price of a good determines the movement of its quantity supplied/demanded. This requires no empirical verification, it's both logical and intuitive in the framework of consumer theory and production theory. 
+
+Then there are laws which derive correlations strictly from real data (it holds at least for the most part), such as Okun's Law, which approximates (imho) more closely the essence of a scientific law.
+
+But then there are also correlations that don't seem to ever achieve the status of a law at all. For example, there's a lot of empirical evidence that points to a strong correlation between the level of prices and the supply of money. Yet this hypothesis is called the Quantity THEORY of money, not law. What gives?
+
+Is there something I'm missing here? Or is maybe my usage of the terms misguided? I'd really appreciate some help. Thanks in advance! :)
+I'm now officially a TA for a 150+ student intro Micro Econ lecture and had my first day last week. I'm mainly there to answer questions students may have during moments in the lecture where they're expected to work together to solve a presented example.
+
+The most common question I had was "What is utility?" and "What does the professor mean by 'marginal' \_\_\_\_\_\_\_\_ (utility/cost/benefit/etc.)?) 
+
+These both somewhat caught me off guard because I've just become so familiar with using them that I almost struggled with explaining it in a neatly packaged way that was easy to understand for someone that probably hasn't been as exposed yet. I found myself stumbling over a few different analogies and while the student's question ultimately got resolved I walked away knowing I could have presented it better and in a more easily understandable way. 
+
+I want to be the best TA I can and to do right by the professor and students, so I want to prepare for common issues students to intro-courses encounter. What are some common questions these students come up with? What are some theories/definitions/ideas that are usually the harder ones to grasp? I've asked the professor for a copy of their slides before class so I can quickly skim through the topics and the university will be providing me a textbook to skim as well. What other things should I be preparing to see?
+Title should be instead: "My college (I think) seems to have a libertarian bent on economics. Is this okay? Is this common?
+
+My school has very libertarian professors, as in they mostly come from GMU and many are heavily involved in Austrian econ. They frequently have speakers come in like economists arguing for the gold standard and saying why government intervention is bad. For example in my intro macro class we spent a couple days learning about how gold and government intervention was the cause of the Great Depression - it comes from the argument of FEE.
+
+I worry that I am not given a fair education and am being spoon-fed the proper ways to think and apply economics. We are never taught about the various schools of thought in economics - I have had to learn them myself.
+
+My question for you all is: is this what most undergrad econ programs are like? I usually see on this subreddit that Austrian economics isn't really a thing...but most of my profs are big on the Austrian school.
+Purely hypothetical, but consider a world around 100 years from now where a handful of mega corporations produce and sell robots capable of replacing the vast majority of human jobs, from farmers to office workers, to product designers.
+
+In what ways could a government / company / the people continue to function in a familiar way.
+
+If people are unemployed, how can companies continue to profit etc.?
+
+Would people be able to make a living as artists, selling their art to other artists?
+Would the 5% of people still employed be the driving force behind the economy?
+Would a basic wage / welfare be necessary to enable people to continue to consume goods?
+How exactly does the fed buying treasuries lead to more money supply? Can someone please explain it to me in terms of technicality? such as How is this connected to commercial bank reserve requirement?
+(Just as a side note, what's rule III?)
+
+When sorting this subreddit by new, the questions can easily be categorised in a few ways:
+
+1) A post that asks for a definition (and most of them can be answered from the first sentence, maybe from the first paragraph on Wikipedia)
+
+2) A post that is built on a misunderstanding of a basic topic (so many questions on inflation or GDP -- these have formulas!)
+
+3) A post that's more fitting in accounting/finance subreddits (especially certain vocabularies that's not widely taught or known in econ)
+
+4) 0 math: I haven't seen a single post asking about any math from a paper in this subreddit for years, even though 99% of economics literature being published these days include top level calculus and stats/econometrics plus machine learning in more recent years
+
+5) A post that can be asked within 3~5 minutes of web search if it can't be answered on Wikipedia
+
+6) A post that can be answered by looking at the FAQ (though that's a reddit-wide problem)
+
+7) A post that asks a theoretical question that can't be answered because of rule II -- such research doesn't exist yet or it's a question on hypothesising about the future (communism/socialism/anarcho syndicalism etc. in year 2050?)
+
+However, there are challenges to this premise. Comparing /r/askscience questions + answers to this subreddit would be akin to comparing an adult to a child, because one of the the main challenge is that hard science topics are taught from 1st grade to high school, but econ is taught in *some* high schools in most (if not all) countries. This would give a much broader background for the general populace that are using /r/askscience subreddit, but that puts /r/askeconomics at a disadvantageous position. Plus, /r/askscience also takes economics questions (one of the flairs) even though there are barely any.
+
+In order to improve this situation, expanding on rule II to questions could also be an option. For example, a question should include/cite a paper or a news article. What do you think?
+Everyone is seeing the high levels of inflation, and there are multiple causes we can identify as large contributors. However, I don't see a lot of discussion about the money spent on the wars in Iraq and Afghanistan. 
+
+Yes, we see a lot of column inches spent on the MMT money printer going brrrr, but we don't seem to address the deep costs of the wars the west has been operating. The cost seems to be about 6 trillion USD spent by the US alone
+https://www.cbsnews.com/news/afghanistan-iraq-wars-debt-6-trillion-interest/
+
+With many other nations participating and interest payments over the years, this seems like a significant expenditure. The cost of the war in Vietnam is often cited as part of the downturn in the US in the late seventies and eighties. 
+
+Is this not the case for these wars too? Are we not feeling the effects of these costs across the globe due to the reserve currency being printed out of tune with it's value to cover these, and other costs?
+For the life of me I can't remember what the word it  but it means something along the line of participants in an economic system having an  encyclopedia knowledge of the production of an item. I don't remember where I first heard it but I'm pretty sure it was being used to make the argument that just because something gets bought doesn't mean that the people buying it support its production because that would require that they actually know how it's made.
+As a call center employee everything I do is tracked for productivity.  When management sees idle employees in the future based on call projections they cross train us.  
+
+Once everyone is cross trained if client A is slow but client B is busy just send them over.  Which is fine except since A and B are also similar to C, D, E, and F, G, and H are all close enough so now we can make sure you are always busy.  The problem is there's a limit to the similarities.  
+
+SO now I know part of all of them and I'm busy, but when a non-normal call comes in for any one of the clients (about a third of calls), I have to research the issue reducing productivity.  Unlike if i was only handling one or two clients where I could fully know all the issues and policies as a dedicated client.  And of course now that we are expected to handle A-H's calls we need to hire and train more people further increasing the amount of down time on researched calls. 
+
+Then the mother of all unproductiveness, The call back.  Based on customer surveys in the last year 1 in 4 callers has to call back to again finish the issue.  The biggest reason for the callback is of course the previous call was wrong info or not done properly.  We're a jack-of-all trades responder, so if the issue isnt normal that call back rate is higher.  We're a Fortune 500 company and we show no sign of changing this idea as all management seems concerned with is the end costs based mostly on the time each call takes
+
+Sears of course has this issue in a retail version
+
+South park episode customer vindaloop nails this
+Novice economic understanding here so bare with me please.
+
+I was watching "The Vietnam War" (Ken Burns documentary - highly recommend) on Netflix and they said that shortly after removing capitalism, inflation rapidly increased and destroyed the Vietnamese economic system. How exactly is this explained? Thanks in advance.
+This might be a question for a different subreddit but I figured I'd ask. Throughout history we've seen many kinds of anarchist groups rise up in the period of civil wars. Some lasted for a couple of days while others persisted a decent while longer. 
+
+
+In theory, and probably in reality, when these anarchist groups would go into a major city the markets would still function on some level when peace is restored. Do we have any records of the economic activity within areas controlled by anarchist groups?
+Me and 3 other people purchased a mini-plan of 20 Yankee games for next season (2 tickets each game). The games fall on different days of the week and against different opponents. What’s the most fair way of assigning each purchaser tickets to 5 of the 20 games?
+
+After doing some research, I’m inclined to have everyone rank each of the 20 games from most to least desired then running some sort of Fair Division algorithm. The problem is the more I research, the more algorithms and protocols I discover (Rank-Maximal Allocation, Fair Item Allocation, Envy-Free, Egalitarian, Priority Matching, etc.). Also, the algorithms and protocols seem to apply to much more complicated scenarios. 
+
+Please let me know if there’s a protocol or algorithm that would work well for my situation. Thanks!
+For example, a lot and home could be purchased in 1900 for $700 but $700 in 1900 based on 3000% inflation is just $23k which isn’t the cost of a lot and home today.
+There was a post yesterday on Green.Energy looking like they may be in trouble, so I checked that they weren’t my provider (similar name) only to discover they went bust last week too. 
+
+Here is OfGems advise:
+
+[https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy](https://www.ofgem.gov.uk/publications-and-updates/ofgem-protects-customers-failed-suppliers-green-network-energy-and-simplicity-energy)
+
+and here is money saving expert advice :
+
+[https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/](https://www.moneysavingexpert.com/news/2021/01/new-supplier-revealed-for-green-network-energy-customers/)
+
+As of this morning I’m now with EDF. I’m presuming as I’m in a new tariff, my first point of call is metre readings, but where do I send them? The advice seems to be to wait for EDF to contact me regarding what the new contract is before switching, but why am I waiting that long? Just to ensure EDF don’t muck up the switch over?
+I received an email that mySupermarket is closing. I used it for a long time to compare products to get the cheapest deals and for the alerts. It really helped me save a lot and budget better. 
+
+This is was the message in the email: 
+
+“Dear mySupermarket users, 
+
+After 14 years of service to UK shoppers, the mySupermarket website and mobile application will be taken down from March 1st, 2020 as we shift our activity toward other business areas. 
+
+We would like to take this opportunity to thank the tens of millions of you who have used our services over the years and who have contributed to its amazing success. 
+
+It has been our pleasure and privilege to serve you and to share this journey with you. 
+
+Thank you and goodbye!” 
+
+Since that is going, are there any other alternatives?
+[“Life is for working, loving, and laughing.”](https://twitter.com/ryancohen/status/1531494009209868288?s=21&t=6l74zDIymbdNvbe5ACr8mg) - RC Tweet May 31st, 2022
+  
+(W)orking, (L)oving, and (L)aughing  
+  
+[WLL - Whiting Petroleum Group](https://finance.yahoo.com/quote/WLL/)  
+  
+“PHILADELPHIA, May 28, 2022 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Whiting Petroleum Corp. ("Whiting") (NYSE: WLL) on behalf of the company's current shareholders.  On March 7, 2022, Whiting announced that it had entered into an agreement to combine with Oasis Petroleum Inc. ("Oasis").  According to the announcement, Whiting shareholders are expected to receive 0.5774 shares of Oasis common stock and $6.25 in cash for each share of Whiting common stock currently owned.  The investigation seeks to determine whether Whiting and/or the company's representatives violated the securities laws or breached their fiduciary duties to investors by failing to maximize the buyout price for the Company's shareholders, and whether Whiting has properly disclosed all potential conflicts of interest to its shareholders.” - [LINK TO ARTICLE](https://www.prnewswire.com/news-releases/wll-shareholder-alert-kaskela-law-llc-announces-investigation-of-whiting-petroleum-corp-and-encourages-current-stockholders-to-contact-the-firm-301557008.html)
+  
+[WLL filing with the SEC regarding the merger](http://pdf.secdatabase.com/2259/0001104659-22-041162.pdf):  “We selected Boston Consulting Group (BCG) to be our external advisor on integration. BCG brings tremendous integration experience. They will work closely with the internal integration teams over the coming weeks and months.
+The integration is expected to take approximately three to four months and is composed of three phases: Setup, Design & Planning, and Execution. The merger is expected to close in the second half of 2022.”  
+#FILED ON MARCH 31st, 2022  
+  
+MARCH 31st, 2022 RC TWEET: [“gas prices are outrageous. Wonder if BCG has a view…”](https://mobile.twitter.com/ryancohen/status/1509582599878029322?cxt=HHwWlMC5jYzYjvMpAAAA)  
+  
+I’m late for work. Will update later. Need more eyes on this 👀.
+
+UPDATE from my porcelain office chair (🚽):  
+I think I’ve deciphered two of Ryan’s tweets. The WLL/BCG filing with the SEC was filed on March 31st, the same day Ryan tweeted about BCG and “outrageous gas prices.” I think the “outrageous gas prices” he was referring to was the failure to maximize buyout price for WLL shareholders. More updates/deeper digging when I clock out.  
+  
+#FOR FUTURE RC TWEETS WE SHOULD BE CHECKING MOST RECENT, RELEVANT SEC FILINGS
+
+Update: I’m going to comb through WLL/BCG/Kaskela Law LLC relations, old RC Tweets aligning with SEC filings, and any possible connections to Citadel/Ken Griffin/Naked short selling and publish my findings in a new post, hopefully sometime later this evening.
+**EDIT:  PRE-SALE IS OVER.  Do not send ETH to the pre-sale address after we reach 11.5 ETH in the account (we had 1.5 ETH in the account before presale).  We will be refunding anyone that sends ETH, minus TX costs!!  You will have to wait until the ICO on July 10, 2 PM EST!**
+
+Thank you for helping get this project up and running!  **Please do not send any more ETH to the presale address.  If you'd like to stay up to date head over to r/fucktoken.  The sub is in it's baby stages but we will update regularly**
+
+Website and "whitepaper" are on the way with a breakdown of how funds will be used (mostly for exchange fees) 😉
+
+Sale price is 200,000 FUCKs per 1 ETH or 0.05 ETH per 10,000 fucks.
+
+Presale is capped at 2 million FUCKs (10 ETH) because we don't need millions of dollars to get this going.  As of now 3 ETH have been raised and Reddit tip bot support is on the way.  
+
+Do not send ETH through coinbase!  We need a MEW address to send the tokens to.
+
+
+Pre-sale details are posted here (top of 12th page):
+https://bitcointalk.org/index.php?topic=1945661.220
+
+
+FUCK tokens can/will work great in forums and chats across the internet, especially Reddit: 
+
+You can now officially give a FUCK
+
+Or you can give 0 FUCKs
+
+You can give over 9000 FUCKs
+
+Or you can even give 0.7085 FUCKs
+
+It doesn’t matter how many fucks you give…
+
+
+
+Hello /r/Bitcoin!
+
+Help me book my first Bitcoin holiday - [GoCityHotels.com](https://www.gocityhotels.com) accepts bookings for over 20,000 hotels in various countries around the world and because they are local I thought I would call them and try to convince them to let me pay with Bitcoin and it went surprisingly well!
+
+I was able to speak to the owner and the good news is that he is personally very interested in Bitcoin - the only reason the site doesn't accept Bitcoin is because no one has asked! I am the first.
+
+I responded with a chuckle and "Well, I'm asking now" - owner Nick said that if **10 people total had asked to pay with Bitcoin it would be a non-issue and Bitcoin would already be a payment option today**.
+
+Just 10 - he figures if ten people are taking the time out to ask there are dozens more with the same question who aren't inclined to contact him and ask.
+
+I'm promised that if I can get 9 of you to go to the [Contact Page](https://gocityhotels.com/contact_us/) and email them regarding Bitcoin that before I need to book my holiday in June they will accept Bitcoin online!
+
+Help me make 2014 the year of the Bitcoin Holiday, at least - for me.
+# United States
+
+* **Durable Goods Orders** report was positive, up 0.8% 
+   * Largely due to defense orders
+   * Transport orders fell
+   * Capital goods orders -machinery and whatnot- fell for the second straight month
+* The **GDP** **report** comes out *today* at *8:30* \- growth is expected at 3.5%
+* The Kansas City Fed is showing **business** **spending** falling fast 
+* Americans collecting **unemployment** hit its lowest level in decades 
+
+# Other
+
+* **Alphabet** fell about 5% after the company released revenue figures that were slightly below analysts’ estimates.
+* **Amazon** reported record quarterly profits of about $2.9bn. 
+   * But its shares fell 9% in after-hours trading after the company warned that sales during the coming Christmas period might be lower than expected. 
+* The price of **Copper**, **Aluminum**, and **Nickel** has fallen fast, bringing down the share price of mining firms - you can thank the rise of the USD for that 
+* Trade and manufacturing confidence is crumbling in **Germany**, construction sentiment looks bright though 
+* **South** **Korean** stocks continued their bearish descent 
+* Argentina’s consumer sentiment has been crushed
+   * The executive board of the IMF meets in Washington, DC today to approve Argentina’s revised $57bn credit line—the largest in the fund’s history.
+* **Mexico’s** retail sales beat expectations (Actual: 3.9% | Expected: 3.7%)
+* Shares of **homebuilders** may have finally bottomed out - look at Bloomberg’s American Homebuilder Index 
+
+# China
+
+* Nothing new here as the **yuan** continues to fall, I feel like I write this everyday
+* Inflows into Chinese **bonds** are slowing dramatically 
+[The Credibility Revolution in Empirical Economics: 
+How Better Research Design Is Taking the Con
+out of Econometrics](http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.24.2.3)
+
+I nominated this one! Here's what I said:
+
+> I was at a conference a few days ago, and one of the paper discussants (jokingly) lambasted Esther Duflo for having made the role of a discussant much harder. 20 years ago, all the discussant had to do was suggest that maybe the paper's identification strategy was invalid. Since virtually all papers had poor identification strategies, this was pretty easy. Nowadays the discussant has to read the paper!
+
+> "Credibility Revolution" is a response to Ed Learner's [Let Take The Con Out of Econometrics](http://www.international.ucla.edu/media/files/Leamer_article.pdf), a 1983 critique of methods in empirical economics. The paper is a potted history of how new empirical methods, especially in terms of research design (including the use of instrumental variables, regression discontinuities, natural experiments, and randomized controlled trials) have increasingly become standard practice within empirical microeconomics - and are being to make inroads into macro.
+
+> Here's the abstract from the NBER working paper version:
+
+> > This essay reviews progress in empirical economics since Leamer’s (1983) critique. Leamer highlighted
+the benefits of sensitivity analysis, a procedure in which researchers show how their results change
+with changes in specification or functional form. Sensitivity analysis has had a salutary but not a revolutionary
+effect on econometric practice. As we see it, the credibility revolution in empirical work can be traced
+to the rise of a design-based approach that emphasizes the identification of causal effects. Design-based
+studies typically feature either real or natural experiments and are distinguished by their prima facie
+credibility and by the attention investigators devote to making the case for a causal interpretation of
+the findings their designs generate. Design-based studies are most often found in the microeconomic
+fields of Development, Education, Environment, Labor, Health, and Public Finance, but are still rare
+in Industrial Organization and Macroeconomics. We explain why IO and Macro would do well to
+embrace a design-based approach. Finally, we respond to the charge that the design-based revolution
+has overreached.
+
+> [Here's a article about the paper from Tim Harford](http://www.ft.com/intl/cms/s/2/ea23cc58-3589-11df-963f-00144feabdc0.html#axzz32jmQk0mo).
+
+***
+
+Schedule for June:
+
+6/8:  It's Baaack: Japan's Slump and the Return of the Liquidity Trap (Krugman, 1998)
+
+6/15: Inheritance of Inequality (Bowles and Gintis, 2002)
+
+6/22: Economics and Emigration: Trillion Dollar Bills on the Sidewalk? (Clemens, 2011)
+Sorry if this is a naively simple question. I've heard a few times (a few Noam Chomsky interviews, a few headlines, replies here on Reddit) that the US economy has been bad for 30 years. I'm 40, but even though I was 10 at the time, I don't recall later learning of any specific incident. 
+
+Was there some kind of relaxation of regulations? Or is this number something that people have been pulling out of their ass?
+
+One argument against the New Deal was that the programs initiated helped prolong the depression and kept the unemployment rate up. It seems quite absurd from my current understanding of it, could someone explain this? 
+Also, the new deal added quite a significant bit to the debt, was it worth it? Thanks for your replies!
+For those confused why BUY and HOLD are the investors best strategy - both to stick it to hedge funds and profit - this post is to map this out.
+
+**HEDGEFUND RISK**
+
+First understand what's at risk for the hedge funds.  [According to S3 analytics,](https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html) HFs have lost $20B on $GME so far.  Other reports have come out that [hedge funds have lost 15-20% of assets](https://www.bloomberg.com/news/articles/2021-01-28/dan-sundheim-s-20-billion-d1-capital-loses-about-20-this-month#:~:text=Dan%20Sundheim's%20D1%20Capital%20Partners,target%20hedge%20funds'%20favorite%20positions) so far this year.  Using these two numbers we can make an estimate they have $80B at stake here ([Citadel was worth $33B on Jan. 1st](https://www.citadel.com/about-citadel/#:~:text=We%20achieve%20far%20more%20together%20than%20we%20ever%20could%20on%20our%20own.&text=Citadel%20named%20to%20Linkedin's%20Top,as%20of%20January%201%2C%202021) so I believe this to be close).  Because Citadel and Melvin struck a deal, we can assume they are all in this together.  This prevents a [prisoners dilemma](https://www.investopedia.com/terms/p/prisoners-dilemma.asp#:~:text=The%20prisoner's%20dilemma%20is%20a,expense%20of%20the%20other%20participant) for any one of them and makes retail investors battle $80B vs. say an individual worth $2B.
+
+Now let's assume short amount is 100% of float and they have reduced the high debt on Thursday's shady tactics.  This means to calculate daily interest we take:
+
+* 50M shares in float ([according to Fin Viz](https://finviz.com/quote.ashx?t=GME))
+* 25% interest rate = .25/365 = .07%/day
+* Share Price = $300
+
+$300\*.07%\*50M = $10.2M in interest/day.
+
+At $300 share price and $80B in funds as long as they continue to acquire the minimum # of shares needed they can keep this up for ***21 years.***
+
+*So that's their situation.  The question they are asking then is how do we improve our situation and ensure we gather enough shares to keep this going?*
+
+​
+
+**HEDGEFUND GAME THEORY**
+
+Ok so now assume you are a huge asshole that steals from poor people and has no respect for others.  You need ***shares*** and ***you want to exit your position so you can make money elsewhere***\*.\*  How do you do this?
+
+There are three tactics likely:
+
+1.	Settlement
+
+* Let's go back to our shares needed (50M) and value of the hedge funds ($80B).  Dividing that out we see that if they pay $1600/share they would be bankrupt.
+* To avoid bankruptcy but get out they likely will look for government intervention that has them pay $500-$1000/share
+* So how would you do this?  You first use your friends to [convince retail investors that your share is worth less than $1K](https://twitter.com/realwillmeade/status/1355329408194719748).  Retail investors might even have an organization like [SEC say they are protecting us](https://www.nbcnews.com/business/markets/sec-vows-protect-retail-investors-amid-gamestop-frenzy-n1256146) \- after all $500/share is more than retail investors paid.  You then settle behind the scenes with your cronies and come out with PR about how great this is! *(fuckers)*
+* This is their best course of action because retail investors cannot do jack shit against it
+* Edit: As others have pointed out the settlement could be with other hedge funds that own shares, not just government intervention 
+
+​
+
+2A) Test Pricing - Low
+
+* The first test they did was to see if they could scare us.  A [ladder attack](https://www.reddit.com/r/wallstreetbets/comments/l72r36/what_is_a_short_ladder_attack/) costs them nothing.  And if they keep price low enough they don't have to pay out on higher issued options.
+* Clearly the ladder attack was very effective Thursday and Friday up until \~2:30pm (I'll explain why later).  I expect them to use this as needed to keep price in a range
+
+​
+
+2B) Test Pricing - High
+
+* Another strategy is to find a [price cliff](https://www.pricebeam.com/pricingpsychology#:~:text=A%20Price%20Cliff%20can%20be,share%20and%20revenue%20will%20drop).  Essentially they let price run up a bit and hope that everyone sells to lock in profits.  This is more risky and will be used cautiously.
+* However I can't state this enough - **we might see price rise substantially on Monday in hopes that retail investors sell.**
+
+​
+
+3) Work with GME to Issue Shares
+
+* If they think buying is dying down, a share issuance allows them to grab a number of these shares and exit
+* The reason this is not their best outcome is twofold: Retail investors can help subdue with a huge buy attack and GME has little incentive to upset a large portion of retail investors
+* Still, keep your eyes out for this to happen as it will be a pivotal point
+
+​
+
+Well this all sounds good and I need to get back to my yacht.  Let's do some price testing and call up our buddies to solve this in a couple weeks.  This can't go tits up.
+
+*Wrong.  Retail Investors still have the power.*
+
+​
+
+**RETAIL INVESTOR GAME THEORY**
+
+So now you are a smooth-brained ape.  What can you do to stick it to the twats?
+
+​
+
+1.	HOLD
+
+* If everyone holds then HFs can't get shares.  This leads to a long, drawn out fight or settlement.  But guess what - at least the HFs are losing millions of $s a day and unable to screw around with other stocks
+* This benefits the new retail investors because eventually your short-term gains become long-term gains (less taxes)
+
+​
+
+2) BUY
+
+* How do you prevent a wall of selling slowly lowering the price?  You build a wall of buying slowly raising the price!
+* Whether you realize it or not retail investors almost lost Friday afternoon. RIs had two days where buying was diminished (fuck Robinhood) and therefore the ladder attack let HFs set whatever price they needed.  Thankfully retail investors pulled it off in the final minutes (maybe thanks to a whale)
+* If retail investors continue to commit limit order buys to prevent the ladder attack from lowering price AND continue to adjust their limit order buys UP the price will go UP
+* ***This is the most important though - the retail investor must commit to the idea that there is no longer a "dip".***  ***Price is now pre-squeeze and post-squeeze***
+* If they can do this the retail investor wins.  The post-squeeze price will be where most retail investors want to sell (hopefully VERY HIGH) and all shares purchased post-squeeze will make profit
+
+​
+
+3) FIND WHALES
+
+* Anyone named Elon that wants to commit to the cause and also hates short sellers?
+
+​
+
+4) DO IT QUICKLY
+
+* HFs are spending 24/7 trying to find a way out.  The longer RIs let this drag on the longer a settlement is likely
+
+​
+
+**RETAIL INVESTOR WINNING - WHAT TO EXPECT**
+
+Now that we understand that what will winning look like?  Well we have two outcomes:
+
+​
+
+1.	Successful Buy Wall Overwhelms The Shorts
+
+* This could literally happen tomorrow with enough power
+* The price will gamma squeeze, then squeeze, and then game is over
+* Watch for massive market dips
+
+​
+
+2) Retail Investors Own All The Shares
+
+* While unlikely there could be a situation where everyone is HOLDING and shorts can't get their shares
+* A ladder attack will lower the price to get retail investors to sell  - imagine a slow steady drop to $20/share
+* After waiting it out a month or two eventually the HFs fold and a real buy and a real ask will go through at whatever the retail investors deem the share price to be (again hopefully VERY HIGH)
+* EDIT: THIS IS VERY UNLIKELY AND JUST THEORY.  IT WOULD BE HISTORICAL TO SEE 100% OF ALL SHAREHOLDERS NOT PLACING AT LEAST ONE BUY AND ONE LIMIT SELL.
+
+​
+
+**TL;DR**
+
+* Hedge funds want to drag this out waiting for a settlement or retail investors to sell
+* The retail investors best strategy is to BUY and HOLD.
+* A successful retail investor strategy ***eliminates the idea that there is "a dip" to create a buying wall.***  There is only pre-squeeze and post-squeeze prices.
+* A buying wall - supported by a swath of limited order buys - by the retail investor will move price up slowly day after day until this over
+* One well-intentioned whale could end this tomorrow if they really cared
+* Don't be surprised to see a settlement with government or another party come through if this drags on
+
+​
+
+*^(This is not financial advise.  Do your own DD.)*
+*EDIT: I just wanted to thank all of you so much for your help. Since I made the post I've filed my tax return myself and lodged it, so there's $1900 coming from that. I've also called the bank and told them I can do $1900. They've split the amount owing and placed it onto future fortnights - with the overtime and the tax return coming, I'm confident I can zero the arrears in a month or less. I also went through some things and decided to sell, of all things, Pokemon cards. I made over $600 selling 34 cards, which is now in the Paypal -> bank account limbo.*
+
+*I also went through my pantry and found 1.5kg of rice, 1kg of spaghetti, a few cans of SPC spaghetti, and a few other staples. I plan on going to the shops and stocking up on cans of tuna (1/2 price special), some spices, curry paste, eggs, frozen veggies and a bag of beans and grabbing a stack of takeaway containers so I can fire up the rice cooker and fill my freezer.*
+
+*Even if all that was said was a shake-by-the-shoulders reality check, I really appreciate it. Thank you all so very much!*
+
+A couple months back I had to have surgery to remove my gallbladder. This was done privately, but there was still a significant gap that I had to pay to multiple doctors. This depleted my savings.
+
+All of these medical bills have been paid, but due to these bills and having been off work for a fortnight to recover, I’ve fallen behind on my mortgage and as of now am in arrears by about $3800. 
+
+I’ve already contacted the lender and let them know of my issues (BankWest) and they set up a payment plan to get me caught up. This plan is $2050 paid per fortnight. I can do that for this fortnight... but it’ll put me down to about $10 in the bank, and about $200 on my credit card. I’ll have to live off this for 2 weeks.
+
+Needless to say, I’m panicking.
+
+Save your lectures about how badly I’m managing money. I’m aware, and I want to change it. But I can’t implement a plan for *anything* until I’ve fixed the arrears on the mortgage.
+
+I don’t know what my options are, but I only need enough to survive this fortnight.
+
+I cannot draw from Super because I am still employed. (Not that I would, it seems like a bad idea)
+
+Using things like Nimble sounds ridiculously stupid.
+
+I can’t lodge my tax return because I don’t have the money to pay the accountant, and that money is 2 weeks away at least.
+
+Aside from selling things, I don’t know what to do. I’m hoping someone here has been in a similar situation and has dug themselves out.
+Hi all, I've been reading this sub for a little while now, and there seems to be done really good advice going around, so I thought I'd ask. 
+
+Here's the run down:
+
+Wanting to buy/save for a house and get a mortgage for that.
+I usually ask a variety of friends and family who I would consider smarter than myself with this things about how much I should be saving up as a percentage of the mortgage for the deposit. 
+
+Some say as little as 5%-10%, while others say I should look around 20%.
+
+I understand that the bigger the deposit you have, generally the better deal you'll get, but I'd appreciate all you smart people's advice on the topic. What a good number to aim for?
+
+Thanks all!
+EDIT: I just wanted to say a quick thank you for all the support, I am super happy I found this sub and hope we can all continue to help and inspire each other.
+
+Well hello everyone, 30 year old man here who just decided to wake up at noon to celebrate my first day of semi retirement.
+
+My path was a simple one, honestly most people can achieve it....and I wonder why more in my situation don't.
+
+My journey started out at 18, fresh out of high school and into the Air Force. I became an Airborne Farsi linguist, which made it so I receives bonuses and extra monthly pay.
+
+I spent my first few years investing in stocks (I would've been retired years ago if I was thinking long term and stuck with some of the good stocks I had). Once I got to my first duty station I bought a 50k 4 bed 2 bath foreclosure with a total monthly payment under $500. I had a roommate for 3 years paying $500 a month and when I changed based I sold the house for 70k.
+
+At this point I am 25 years old, and have over 200k saved up as a military member...not amazing, but definitely not what you would expect from an enlisted guy. This is the time I realized I can finally live out my dream of buying multifamily properties. Over the next 2 years I bought a 4 plex and 3 duplexes, bringing in a gross revenue of 85k a year. My net is around 37k a year.
+
+At 28 I bought a single family home for my wife and I, with enough space to fit 6 cars. I then started renting out those cars on turo, making between 1-4k a month depending on the season. Takes very little time to manage the fleet, but it is kind of like being on call 24 hours a day...so that is a downside.
+
+Which brings me to today. 30 years old and 12 years in the military. A couple years back I switched jobs to be a paralegal and I haven't enjoyed it, so instead of making it to 20 years and retiring....I decided to separate. Due to some deployment injuries, I am looking at 50% disability which has education and business benefits, and I will be paid around $950 a month.
+
+Sorry for the long post, I just kind of felt like spelling out my story. If you read this far you may have noticed I never posted about my wife's income. Maybe I am strange or dumb, but we dont have joint accounts and I've never made her pay for anything. She makes 40k a year and I know she has some money invested, not sure what her bank account looks like...but she is frugal and smart, so I'm not worried.
+
+I posted some numbers up top, but here is roughly what I am looking at. The real estate net will go up as I pay off more properties but let's go with 37k + 11.5k (disability) + 20k (turo...but subject to change) and college will add an additional 15k for 4 years. 
+
+For being an uneducated guy who grew up with 2 brothers in a single parent household in the poorest of towns...I am pretty proud of myself. I also love teaching young military members this path to success, at least the real estate route.
+
+TL;DR: frugal military member becomes a slumlord and knock off car rental company.
+I enjoy reading updates from folks that have previously FIRE'd. I'm struck by the variety of paths,  annual spend targets/budgets, what folks do with their newfound free time, and the mental challenges that go along with it.
+
+Hopefully my story will add to the variety found here, and some will find it interesting or even inspiring.
+
+My wife and I FIRE'd just over two years ago and are in our early 50s. We achieved our version of FIRE mostly with only my modest income from a military/government career and simple low-cost mutual fund investing starting in our late 20s when I was a young enlisted with four kids. Investments really took off when I retired from the military at 26 years as an officer, and transitioned into government service. During this time kids were mostly grown and we were essentially drawing two full salaries and investing 6 figures a year.
+
+My wife spent most of her time raising our kids, though she did work a bit in high schools when our children attended. More to keep an eye on them and have a good relationship with the school/teachers, but she did bring in a modest salary as well that we fully invested. Kids are all grown and self-sufficient at this point. Everything we have, we earned on our own.
+
+Our net worth is right around $2M and we have an annual budget/spend currently at $140k. I hold about $100k in cash (yeah I know) and about $800k in IRAs and TSPs (military 401k). Our primary home is paid off and if you are to believe Zillow, worth about $900k. We commit $2k a month to a second home so I would say our annual spend is closer to $120k. Our second home is rented and valued at $400k with $140k of equity and a 3.1% mortgage. We have two cars that are paid off and no other bills other than the ones that will never go away - Property, car and medical/dental insurance, taxes, utilities, food, gas, internet, cable tv, car/home maintenance, and HOA. I'm not a compulsive budget tracker, but I do keep track generally, and estimate we pay about $4k a month in those bills.
+
+Travel is a big part of our version, and we budget $24k a year - We target two good at least 2-week vacations and another 2-3 smaller (week longish). As an example, this year we've been on a 11 day Caribbean cruise, a week in Miami/Orlando, and a week in Hawaii. We still have planned a 10 day Alaskan cruise and an 8 day European River cruise staying after in Europe for a spell. We are more frugal than luxury when we travel, but do like to splurge sometimes.
+
+We don't specifically budget for home upgrades, but my wife and I are both handy and enjoy working on our home and others. We probably have spent on average about $15k a year on 'projects' – Pavers/firepit, closets, etc.…
+
+Our income comes mostly from a 26-year military pension and another 6+ years working for the government. My pension is $60k a year and I receive another $18k from the VA for some bumps and bruises I collected along the way. Those are both cost of living adjusted for the rest of my life. The rest comes from rental income - $24k, TSP - $18k ($16k after early withdrawal penalty), and about $20k from very flexible working - Like working whenever I want flexible. Right now I do about 6-8 days a month. Because of my military retirement, we are fortunate that our medical insurance requirements are far less than most.
+
+Some might be wondering why I'm taking money out and paying early withdrawal penalties even while I'm sitting on cash and spent less than my yearly budget. Well, if I'm being honest, I actually think we should be pulling more out even with penalty, and spending more. Fortunately, or unfortunately (depending on how you look at it), a life of living relatively frugal has made it somewhat difficult to spend to our targets! We have stable income streams with more coming in the future - At 59.5, the plan is to start to pull even more aggressively from TSP accounts with the intent to deplete - them by the time I'm 67 - which I anticipate will be $40k or so a year. At 62 I start drawing another modest deferred government pension of about $7-10k per year (depends how long I keep working in the P/T position I am in), and this too will be COLA. At 67 both my wife and I will start drawing SS that is projected to be around $50k a year. At some point here in the next 5-10 years I'll sell our second home and have another few hundred thousand to figure out how to spend. And with modest market predictions (i.e. 7-8%), our IRAs will be worth over a million when we are 67. The equity in our home is our main 'emergency' account, and my kids are well on their way to be successful on their own so other than splitting up this when we eventually pass, the goal will be to spend as much as we can of everything else.
+
+Are we content? I'd say most of the time, but particularly when we are traveling. At home I'm seemingly very busy either working on various home projects - We have elderly parents and get over multiple times a week to visit and help. We work out a few times a week, play or watch sports and go to events relatively often. Though we have friends that we meet at the bar weekly and have neighborhood wine get togethers, if I'm being completely honest, I'd like a bit more social interaction beyond family - Working on this. Sometimes we both struggle (me probably a bit more so), as I know I can make pretty great money and improve any organization I am a part of. Sometimes I feel a bit less for not being more traditionally productive in society.
+
+I guess in general, I'm so damn grateful that I can spend time with family and friends whenever I want. Whether it’s running over to my moms and do yardwork with her, going out to lunch with my daughter at the drop of a hat, helping my father-in-law build a shed, or going visit my kids anytime I want no matter where they are - I mean the flexibility to do what you want whenever you want is something pretty tough to give up once you have achieved it and has so far always won out when I get that offer out of left field to go back to full time work.
+
+Some might say we have a pretty rich life - I'm one of those. Others might say we settled and could have more - My mom is one of those. Others will say that $140k a year isn't nearly enough to support the lifestyle they want - Some of my friends have this sentiment. For my wife and I, we are still figuring it all out, but enjoying where it seems to be going.
+I’m in mobile so I apologise in advance 
+
+I brought a car on finance about a year and a half ago on a five year plan so I still have 40ish months left of payments. 
+
+I don’t need the car anymore as I lived 30 miles from work and needed it to commune every day but I now live 1 mile from work and can walk 
+
+I’m spending £150 a month on the car 
+
+The early settlement figure for the car is £5,300. I can sell the car to we buy any car for £3,500 but I could sell it privately for at least £5,000 
+
+My problem is a don’t have the money to get out of the finance agreement and can’t sell my car to another person whilst it’s on finance 
+
+Any advice on what to do in the current situation?
+I recently turned 16 and was looking the best ways to save and invest this money as a get closer to college what are the best ideas for this small amount of money to go further over time for me and I have taken some of Dave Ramsey’s stuff and listen to his podcast and have heard about this book Called Rich Dad poor dad I want to become more financially literate and more responsible with my money to establish good habits Thanks!
+Hey guys,
+
+I'm a 16 year old and over the past few years I've become increasingly more involved with my finances and financial planning for my future.
+
+I am currently stuck between two very different paths and was hoping someone could explain to me what my options are here.
+
+My main goal is to retire early, and I want to do this via real estate, specifically renting out for a profit. This obviously requires a decent amount of upfront capital, even at a low percent down payment, and I was wondering if a Roth IRA should even be a consideration.
+
+I know that if I start investing $6k/year now that by the time that I am 65 I will have more than enough to retire on, but I'd like to be retired a lot sooner than 65. So should I ditch the IRA entirely and put my money somewhere more accessible for when I am able to buy my first property? My plan is to dedicate most of my income into buying property.
+
+What do you all think?
+First time poster here, not sure what details need to be shared. 
+
+My new job isn't a multi-million dollar job (or even close to that really) but it's a huge step forward financially. I've always lived paycheck to paycheck and I want to break that cycle and I really feel like this is my chance to grow up and take control. But I have no idea how to do that and I'm worried about how to handle the flux of funds. I wouldn't say I'm horrible with money but I would say I don't have much knowledge or any type of relationship with it. I have debt (student loans, car loan, credit card)  that right now I have a good handle on, never missed a payment and on track to pay off in time.  To add to that I really want to start building a savings and buy a house.
+
+I was going to start by taking a self-lead personal finance course, is that the best route?
+
+Edit: I want to thank everyone for their insight. Many good ideas have been shared. My week days get busy so I'm reading the comments and will comment back soon with questions. Thanks again.
+Warren Buffett took a bet 10 years ago with a hedge fund that simply investing in a low cost S&P 500 index fund would out-perform other strategies that the hedge fund may employ. In his latest [shareholder letter](http://www.berkshirehathaway.com/letters/2017ltr.pdf) pages 9 - 12, Buffett details the results of his win - the S&P 500 handily out-performed the hedge fund.  
+
+But **why** does index investing work?  For a detailed look at this, read ["Do Stocks Outperform Treasury Bills?" by Prof. Hendrik Bessembinder at the Arizona State University] (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447). Prof. Bessembinder analyzes all stocks publicly listed in the US markets (approx. 25300) since 1926 through 2016.  Just 1000 or so companies (4%) account for 100% of the wealth created by the stock market.  The remaining 96% tread water with Treasuries (hence the title), and, scarily, 4 out of 7 companies **destroy wealth**.  The key insight from Bessembinder's paper (that dovetails in with Buffett's call to invest in S&P 500 index fund) is that diversification is NOT just a loss-minimization strategy but rather a **gain-maximization strategy**.  Omit key stocks from your portfolio and your results are *likely* to be pretty bad. 
+
+Prof. Bessembinder's paper is a must read.  It's filled with mathematics - though its understandable even if you skip the math.  
+
+I have written a blog post tying the two papers together. To make it easier to read I have written this as a fable in 2 parts. I have just published [On Successful Investing: A Fable (Part 1)](https://medium.com/arnexa/on-successful-investing-a-fable-part-1-17d5a6cce314). I thought that interested readers may read Part 1, delve deeply into the papers themselves and make their own judgments, and then review Part 2 which I plan to publish in a few days.
+
+Good luck!
+
+I knew it existed but never looked at it. I had known this guy who used to say he makes crazy profits from quick trading in pocketoptions. He used to tell me that he makes $300 a day from $30. So, I decided to to check what he was doing yesterday. He deposited $100 , placed 4 $20 trades then the rest and lost it all. He then loaded $100 again.went to $150 then back to $8. He gambled that back to $34 and I really felt bad for even asking him to  let me see how he trades. The guy was just checking the candlesticks and predicting high or low with 30secs time frame. This really felt like gambling. 
+What do you thinking of this quick trading?
+ The growth of Bitcoin (BTC) has seen some proponents share the view that the crypto will take over gold on various metrics like the store of value and eventually replace the precious metal. Despite the recent market crash, notable crypto players have upheld the projection of Bitcoin toppling gold is still on course.
+
+In particular, during an interview with Stansberry Research on August 13, outgoing MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor stated that gold would likely experience demonization triggered by Bitcoin’s growth.
+
+However, Saylor acknowledged that Bitcoin’s path to replace gold would be characterized by highs and lows. Interestingly, Saylor noted that Bitcoin has a higher chance of being adopted as currency by more jurisdictions, unlike gold.
+
+“Conventional critics and mainstream analysts don’t get the crypto economy, don’t understand Bitcoin, and they hate volatility<…>Bitcoin is going to gradually demonetize gold over time, gold will go to the utility value of gold, but it won’t be adopted as money in the 21st century,” said Saylor.
+
+Source: [https://finbold.com/bitcoin-is-going-to-demonetize-gold-gradually-says-microstrategys-saylor/](https://finbold.com/bitcoin-is-going-to-demonetize-gold-gradually-says-microstrategys-saylor/)
+
+Michael Saylor says "Bitcoin is going to gradually demonetize gold over time."
+
+Do you agree?
+Last Friday was a **historic** moment in the history of Wall Street. A bunch of Asperger's, WoW playing, poor "kids" managed to cause an epic squeeze in $GME. Make no mistake you have the attention of the big boys NOW.
+
+ 
+
+Now an absolute giant in the hedge fund world has gotten in, and it is against WSB. Ken Griffin (he has a camera in his office that shows his luxury car collection in the garage) may not be a name you know, but he is  a HUGE name in the hedge and quant fund world. After today and likely tomorrow, he is at risk of losing 2 Billion plus in his fund. I repeat he will NOT let this happen.
+
+ 
+
+These are the type of guys who do insider trading for fun at their country club. They front run clients, put out fake news stories, have direct links to the SEC board, and would literally murder everyone in here to increase their personal wealth.
+
+ 
+
+
+**What to expect  from them next:**
+
+
+1. Convince (strongarm) the SEC to completely HALT trading on GME. They will make up a bullshit excuse, and force the exchange to stop allowing trades on the stock.
+
+2. Hire big name attorneys, and force reddit to shut down WSB   
+3. Pressure $GME executives to issue NEW shares at this price, and bail the shorts out. This is pretty easy for them to do. You have to understand almost all the people at this level of wealth know each other. Its a small club. 
+
+ 
+
+
+
+**What can you do to stop this:**
+
+1. Bring attention to their tactics via going to the media (Twitter, NYT, Senator Elizabeth Warren or the like)
+
+2. File SEC complaints that show that NAKED short selling is happening on GME, and is creating an actual organic move. There are more shares SHORT than their are FLOAT (traded in every day trading). This means if they covered their shorts they would have to buy every single share outstanding, and another 30% that are not actively traded.
+
+
+ 
+
+
+ 
+
+Disclaimer: IANAL or Financial Advisor. I am not pushing a stock or suggesting people buy into a certain stock. I  do not own $GME in my portfolio.
+Elon Musk
+
+@elonmusk
+
+The gauntlet has been thrown down! The prophecy will be fulfilled. Model S price changes to $69,420 tonight!
+
+Earlier Wednesday, California EV startup Lucid Motors announced a cheaper version of its Lucid Air luxury EV sedan, which would start at $77,400 (or $69,900 including $7,500 in federal tax credits.)
+So, last week I designed a quick mockup of an idea of how to deal with lots of Bitcoin transactions after reading this post: 
+> http://www.reddit.com/r/Bitcoin/comments/1ua5bn/i_went_to_a_bitcoin_party_and_realized_how/
+
+It ended up being the most upvoted post I've ever made - So logically, I lost it and built out a first draft of how I thought the entire system could work for no reason other than that I could. 
+
+Take a look :) 
+
+http://i.imgur.com/XB5yv9S.jpg
+
+http://i.imgur.com/KeKu0RH.jpg
+
+http://i.imgur.com/OFNlpk4.jpg
+So, a week or so ago, I replied to an OP on here who'd asked about whether there was hope for them. They were in debt, terrible credit rating, etc etc.
+
+It struck a nerve with me because I'd asked for similar little bits of advice, but never shared my whole sorry story. Not with family, friends, partners, not even a professional. But... UKPF was the first and only place I ever told that story. Because this was not just a safe place, but somewhere I got huge amounts of second-hand help, because I read EVERYTHING. On here and the legal advice UK thread. 
+
+Essentially, was young, was stupid, made terrible financial decisions due to a lack of financial literacy and didn't know where to go for help.
+
+Anyway, this isn't a sad story. Quite the opposite. 
+
+I've gone from, six or so years ago, to being in debt, defaulting, owing council tax, and generally not being a proper grown up... to this week being approved on my mortgage. Wow. 
+
+And a lot of it has been through following advice on here. This forum truly really is something amazing. The high quality of advice, the lack of judgement and the experts on hand who ask for nothing in return was the biggest motivation for me not just to clear my remaining debts, but to actually look to the future.
+
+I've now got an emergency fund, a pension, a rewards credit card, an Experian rating of 999 and, fucking hell, a mortgage. 
+
+I managed to go from being in debt and a little bit afraid of the doorbell going, to having literally nothing to worry about bar the UK going full Boris and no deal.
+
+And I did it without having to tell anyone about it.
+
+So really this is part thank-you, part OMG I can't actually believe it, but mostly, for the people out there who think they're absolutely up shit creek, there is no problem you can't work on.
+
+The thing that amazed me most is that when you're actually trying to sort your life out, just how much leeway you're given by creditors. 
+
+If you are honest, don't avoid calls and just be honest with people, and they see that you're trying, they will bend over backwards to help. 
+
+Make that call, open that letter. It's a step towards life being enjoyable again :).
+
+P.S. either all of this is a lie, or my name is. Or both! :)
+
+**Edit** I cannot belive the attention and kinds words, thank you all. And we were graced by /u/pflurklurk, the semi-mystical oracle of the flowing charts. A few people asked how I did it in more detail, and I wrote them a comment. And I thought I'd share it here, too.**
+
+*P.S. definitely don't believe a word I'm saying, I'm totally full of shit x*
+
+I've worked non stop for the last, hmm, 16 years. But around five years ago I had a low paying job, £23.5k but within the M25, near Kent, so had zero extra money.
+
+Stayed like that for a while but I upskilled myself a lot, didn't make any extra money but got good enough to be paid at a lot of new skills. 
+
+Moved sector, got a bump up to £35k and a slightly more senior role with some direct reports. Resigned during layoffs and went freelance for a while on a fairly good day rate. 
+
+Then rolled that into a pretty good team leading/managerial role with an international company but with a UK base, with a much healthier pay packet. 
+
+With the first pay rise, I kept my living costs the same and put all the excess money into paying off my debts, as I wouldn't feel the loss.
+
+Then with the next one I upped my living costs a bit, as a reward, as you can't just live a misery life, even if it's for a good reason. Some perks help you keep fighting the good fight. 
+
+But I also put everything over and above the treats into paying off my debts, plus all bonuses for my first year.
+
+I also started paying into the pension from my first full pay check, to the max I could contribute, so that again if I started paying, I'd never feel like I lost money in a pay day.
+
+Once each debt rolled up closed, and the people calling up or knocking on the door were paid off, I started picking up and opening older letters and getting in touch to satisfy things that were still oweing. 
+
+I also kept some of the money aside to put into my emergency fund, so that grew about as fast as the debts went down. Yeah I could have made a few percent more or paid less interest if I'd paid all the debts first, but I wanted the safety of an emergency fund and I was now earning enough that every pound didn't matter anymore. 
+
+And then after that, there was no debts. But I kept the money I had been paying into debts into my savings for my deposit instead. Again, I wouldn't notice the loss.
+
+And that really is that. And I basically cheated, I used improvements in my life's circumstances to increase the repairs I was doing to my credit and finances, so I never actually felt my quality of life go down, I just got smaller leaps than I would have done sans Becky's Bad Decisions™.
+
+So I don't felt like I actually did the work, or at least, Becky Who Reads UKPF™ did. Thanks, bitch. I owe you.
+So, the past year and a half has been (putting it lightly) rough. Got out of the Army after active duty in late 2018, moved home with wife and young child, didn't get the job I had lined up, wife got into a romantic relationship, depression, behavioral health unit, gave her another chance for my son, cheated again with a "friend" of ours, and now here I am. 
+
+Luckily, I've got a new job that isn't terrible, but also isn't great. But after dealing with the mental/psychological abuse, I stopped focusing on finances until recently. She's getting the nice condo for cheap since we started out here renting it out from a family member. She's had her family paying for all of her bills while Im on my own with everything I have. Which leaves me basically on my own to find my own place while also trying to stay close to my son. Now, the only place I can really afford is a place in a trailer park.
+
+Frustrated as all hell to say the least, she gets everything I worked hard for while she never had a solid job for 6 years. And now I'm starting from the bottom, all while dealing with my own mental issues sustained from everything that happened. It's embarrassing, I don't know whether to cry, burst into a fit of rage, or just give up completely. I've busted my ass working 70+ hrs a week for the past year and a half just so I can give my son a better life and I just feel like there's no point anymore. 
+
+Just felt like venting/ranting because financially, emotionally, psychologically, this shit sucks.
+When asked by a journalist about the current best use cases for Ethereum, Vitalik Buterin calls parametric insurance like HurricaneGuard (powered by Etherisc) "most interesting stuff that is really hitting people"
+
+[https://youtu.be/HQhj8DlMfMs?t=240](https://youtu.be/HQhj8DlMfMs?t=240)
+
+​
+
+Etherisc decentralized insurance protocol DIP provides uninsured people with basic insurances like crop or natural disaster insurance.
+
+They also provide flight insurance and the first passengers who had delayed flights have already been paid.
+
+​
+
+Etherisc DIP currently has a marketcap of below 5 million USD. These are the type of investments that can yield 100 to 1000x gains. Look for what nobody else is looking for.
+Another Canadian stocks dropping hard from its highs and shows that even 'staples' are never 'safe'.  
+No idea what happened fundamentally, maybe someone else can share?
+ 
+
+In Norse mythology, **RAGNAROK** entailed a series of events. A great battle, foretold to lead to the death of a number of great figures (including Odin, Freyr,Thor, Týr, Heimdallr, and Loki). A disaster that submerged the world in water. The battle razes down, the old gods are no more. The world must resurface anew and fertile, the surviving gods must meet for the world to be repopulated once again.
+
+**RAGNAROK** Token is the important event in BSC Mythology and will be the subject of the BSC Legends
+
+The Mjolnir has been docked. The worthy is sought. To possess the riches of Asgard you have to defy death in Ragnarok. Only from the end of the world can the new world be born.
+
+**ARE YOU ABLE?**
+
+🔨⚡️RAGNAROK⚡️🔨
+
+⚡️**CONTRACT:**
+
+0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21  
+
+
+Chart: [https://poocoin.app/tokens/0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21](https://poocoin.app/tokens/0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21)  
+
+
+Telegram: TG: @ ragnaroktoken
+
+⚡️**FEATURES**
+
+🔰ULTRA LOW MC
+
+🔰100% LP BURN
+
+🔰UNRUGGABLE
+
+🔰 RENOUNCED OWNERSHIP
+
+🔰 LIMIT TX AVOIDING WHALES
+
+🔰STEALTH LAUNCH
+
+audited by tango the dog
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+Since our NW has recently moved into 7 figure territory, I've been considering the pros/cons of an umbrella policy based on it being frequently recommended on this sub.
+
+Is there an optimal strategy for getting a quality policy at a reasonable price?  I consider our lifestyle to be very low risk; we do not own any dogs, pools, trampolines, boats, jet skis, or investment properties. We do not own a home (we are renting), and have no children (yet). We have 2 cars, and I've heard that auto accidents are the most common reason for claims on umbrella policies.
+
+Given our NW, and that my wife is a doctor (i.e., people may assume she is 'rich'), an umbrella policy seems like a reasonable way to mitigate the unlikely but potentially catastrophic financial risk associated with personal liability lawsuits.
+
+Is an insurance agent or broker the right way to go? If so, what is the best way to find one? Or should I just call up my auto policy holder and ask for a quote for adding a 1MM umbrella to this? Maybe both?
+
+Any other tips or suggestions on where to start? Specific insurance company recommendations are also welcome.
+
+Thanks
+We are looking to set up two individual revocable trust accounts per each spouse with our children being the beneficiary.  My concern about fully funding the revocable accounts separately is that once one of us passed away, the other spouse cannot get access to the fund in the other trust should they need it, but this also protect the children if spouse later remarries.  How do folks here navigate this? Are there other potential trust setups?
+My oldest sibling is my sister who unfortunately has a learning disability. She is 40 years old but is mentally around a 10 year old. She does however have a very strong work ethic and has been working away for the last 20 years. She has lived with my parents the entire time and therefore doesn't have any expenses. I didn't know what my parents were doing with her finances but I was very disappointed to hear that her life savings -- $130k -- has been sitting in a checking account this whole time. Big oof.
+
+So I volunteered to help invest it and help her money work for her. My plan is to keep $20k liquid for any emergency funds she would need and do the following for with her other $110k:
+
+1. Open a roth IRA and contribute $6k in December 2021 and $6k in January 2022. $12k in next 30 days.
+
+2. Buy $10k in 7.2% yielding Government Series I bonds in December 2021 and $10k in January 2022. $20k in the next 30 days.
+
+3. Open a brokerage account and transfer the last ~$80k into SPY, VTI, and SFY to grow over the next 20-25 years.
+
+Does this plan sound like it would work well for someone in my sister's shoes? Is there another investment vehicle to consider? Any advice on what I could be doing with her regular paychecks as they come in? Just keep throwing them into the ETFs?
+
+Any insight would be greatly appreciated!
+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.
+   ICOs are becoming more reckless with each proposal that pops up. We're heading towards a bubble within a bubble. The Ethereum Foundation has done a lot to create something amazing, but don't fool yourself into thinking that this is a sure thing. I'm a long term bull and have been for a little over a year, but even I know that this could all come crashing down at any time. That being said, with every passing week, with every exploit being patched, with every developer interaction, the chance of a single catastrophic event dooming Ethereum becomes less and less likely. The majority of the price action is comprised of pure speculation. If you choose to believe that fundamentals are the dominating factor this early on in the project just look at The Dao debacle. Ether lost nearly half of its value overnight and the system itself wasn't even attacked. I'd like to believe that traders and investors will not overreact if another event like that happens, but one can never be too sure when surrounded by people whose actions are dictated by greed, fear, and ambition. 
+
+
+
+   When Augur had its crowdsale and DigixDao had its ICO the numbers were scrutinized. It wasn't a Wall Street level audit, but it was about as close as you can get in the field that we're all in. After the $5.5M DGD cap was reached in 16 hours, I knew that this would set a dangerous precedent for future ICOs. And with every passing ICO the rules that investors and traders set for themselves are slowly eroding away by the promise of a profitable ICO. Most of these ICOs will not make you rich. It'll be surprising to see even a quarter of these ICOs be profitable enough for the early investors to recoup their investment over the course of several years.
+
+
+
+   For Augur, DGD, and FirstBlood people are justifying the price of the tokens by assuming that the platform will be a wild success and its market share will grow exponentially. That kind of eagerness is starting to attract vultures that are hoping to raise millions and millions of dollars with a couple of reddit posts, an obscure business plan, and a halfway decent whitepaper. The unfortunate thing is that they're getting away with it. With ICOs like SingularDTV, please understand that the market that they're trying to target is almost non-existent. They're not trying to take on Netflix, HBO, Hulu. They don't have the manpower, the lawyers, the funding, the connections, or political power to accomplish something like that. The market that they're targetting is comprised of indie fans who are aware of Ethereum and will put up with the hassle of supporting it early on without any decent shows. It's mind-boggling to think that such a platform can raise millions quicker than well-established companies with actual connections.
+
+
+
+   I'm all for start ups of disruptive technologies that have some kind of track record or an accomplished team behind it. These ICOs have none of that. Their teams are comprised of PhDs, MBAs, co-founders of other private ventures, etc., but what is going to do for your pocket? If they haven't made their investors a killing on their initial investment, then their track record means close to nothing.
+
+
+
+   But I get it, a lot of people in the cryptoworld feel like they made some easy money over the months and years and feel like they could strike gold again or actually think that they're "diversifying" by gambling with these ICOs. The smart ones buy in and cash out as soon as the coin hits the exchanges. The hopeful ones are on the edge of their seats waiting for the developers to pass some good news their way. Before investing into an ICO, try to frame it in the scope of the physical world around you. If you have invested 100 ETH into the latest ICO, ask yourself if you would have done the same if you had $1200 in your pocket and someone on the street came up to you, showed you his or her resume, which may or may not be accurate, and then asked you to invest that money into a brand new idea without even giving you a comprehensive business plan with an audit?
+
+
+
+   Threads pop up constantly requesting an audit of the code, but what about an audit of the business plan and the team? Why is the code that they write to collect the money more important than their integrity and the data that they provide? You're already participating in a fundraising that is in a huge gray area, why add the risk of not finding out everything you can about the people behind it? If most of these ICOs had any real substance behind them, then the team would be pitching it to investors on The Street or in Silicon Valley who have the connections and the means to gather nearly unlimited resources and funds. Instead, they pitch it to people who they have never met and phrase the contract in a way to cover their ass in case shit hits the fan. Sometimes it'll work out well for both parties, but often times it'll fail to take off and the only repercussion is that their non-existent real world reputation will be tarnished in the eyes of crypto users.
+Today definitely seemed like a desperate day.  The 16th there are 420k otm puts or about 42 million shares .  To me this smells of a price tank to mitigate losses.  Just personally I think we are going to see covering from the stupid amount of shorting that occured on 6/10 and 6/11 if the t+35 holds true.  Buckle up
+Hi all,
+
+Curious as to what you'd do in this situation.
+
+
+Current Salary: 27.5k.
+Benefits: ~1k discount on travel/holidays
+
+
+Job I applied for Salary: 40-50k
+Benefits: Possible 10% Bonus, work from home up to 2 days a week.
+Reductions: No holiday discount, ~2k more travel cost (roughly the same travel)
+
+
+Job Offer I recieved: 35k, Possible 10% Bonus, work from home up to 2 days a week.
+
+
+Overall this comes to a pay increase of 4.5k-8k.
+
+I feel like I was misled about the salary offered and I feel like I would resent this company if I accepted the offer.
+I'm annoyed that I did not even get offered a salary in the range they were offering, and the reason given was that they thought they'd need to attract people to travel in from London. I understand this but I do not think it makes a difference.
+On the phone call I already explained this and said I would accept 40k.
+
+Job Spec wise I have (and have evidence in my current role of) everything they were looking for in an applicant (apart from apparently living in London).
+
+What would you guys do? Accept/counter again? Walk away?
+
+
+EDIT: Got an email from the recruiter (who for some reason left me to negotiate salary) saying that they were expecting someone with more experience, which is why they offered me less, despite them telling me they don't require industry experience.
+
+
+Thanks all
+Our country's currency has lost 200 percent of its value against the dollar in the last 5 years. If I had bought bitcoin , my money would have gained 600x value right now.  I have been working since then until today and all I 've got is a big nothing but only depression and a lost soul. But I'm not going to give up. Now i buy bitcoins as much as possible because i don't want to spend another 5 years of my life working for nothing.
+There are lots of different things happening in the UK at the moment. Northern Ireland has the new trade situation between the UK and EU, Scotland might reattempt independence, Manchester seems to be doing well and London is ... London.
+
+If you had the freedom to choose where to buy a house and move to, with the option of starting something new, where would you move?
+
+While I would love to hear different people's own perspectives and priorities for something like this (particularly from those likely to be more savvy about housing markets and the UK economy in general), I can't remember if the rules on this subreddit require a specific problem to be presented. In which case, I find myself with the option to move anywhere in the UK. My current job can operate remotely and my wife is choosing UK regions for her job which would commit us to that region for a decent period of time. We have savings and are ready to put a deposit down on our first house and plant some roots for at least 8 years. In that time I would aim to build a second startup with new people from that region (as a technical founder). Ideally we would be buying somewhere that can accrue value while still being a nice place to live on day 1 (hopefully that isn't paradoxical). There are other family/friend connections etc which of course complicate matters, but for a freer discussion, let's ignore those.
+
+Where would you bet on if you had the choice?
+
+What things would you prioritise if you were deciding between UK regions?
+
+What mistakes have you seen others make that should be avoided?
+A friend of mine just lost over $25,000 worth of OMG tokens (and his other tokens) due to someone somehow getting into his MyEtherWallet and sending to address 0x901531B114c5b2c5Faa2B12f33067E79F1d29A5A 
+
+> https://etherscan.io/address/0x901531b114c5b2c5faa2b12f33067e79f1d29a5a
+
+He appears to have affected multiple people and stolen thousands of dollars worth of ETH as per this link: 
+>https://disqus.com/home/discussion/etherscan/0x901531b114c5b2c5faa2b12f33067e79f1d29a5a/#comment-3643570014.
+
+We're still trying to determine if he was phished somehow, or if his computer was hacked -- we're not quite sure how it happened, but **please make an effort to keep your keys close to your vest.** You could quickly and easily lose everything. Consider getting a hardware wallet, a la ledger Nano S, or Trezor to more effectively increase your security.
+
+If you were also affected by this address or a similar address please feel free to share. Also please do not "donate" offer to "donate" to these affected addresses, as that is against EthTrader rules. This is merely a reminder to enhance your security.
+
+
+EDIT:
+What is also interesting is minutes before the attacker's address successfully stole the funds, there was a failed execution from a "contract" address:
+
+>https://etherscan.io/tx/0x89f6e532efcc460f75b99c553ec9ad553a71c9daf7c6a1f7920ccf73e6beaf00
+
+My friend did not make this transaction. If you inspect that contract address, it is frequently submitting failed transactions from multiple addresses. After that transaction fails, then all funds from that address are being drained almost immediately:
+
+>https://etherscan.io/address/0x68e14bb5a45b9681327e16e528084b9d962c1a39
+
+It looks like it is connected to BitClave Consumer Activity Token? Any thoughts on the matter are appreciated!
+
+
+Seriously. These people don’t even make money from trading options, they make money by selling courses and the occasional photoshop screenshot. I’m taking about people like Aristotle Investments. Complete scams and snake oil salesmen. They sell a ‘dream’ by posting pictures of luxury items, exotic cars and traveling that they achieved by trading options when really they achieved that by suckering hundreds if not thousands of people or more. 
+
+If these guys could consistently net money from day trading options, they would have their own hedge fund or managing 9-10 figure portfolios instead of selling discord group chats or courses for $9.99. The classic idea of not making money by digging for gold but by selling the shovel to the gold digger. It’s disgusting - it’s one thing wanting to educate people on responsible finance and investing - it’s another thing teaching people who have ZERO knowledge on financial markets about bullshit like technical analysis and day trading trading options. 
+
+I’m a firm believer that if you aren’t the type that knows how to conduct your own research outside of your confirmation bias and self educate at the minimum, you are going to lose money trading options. All of it. These guys are just setting people up to lose money. I’m blown away these people don’t get knocked out of business with lawsuits. Is it really as simple as just saying “not financial advice”? 
+
+
+So, what are your takes on these new Instagram/YouTube ‘investors’? There’s very few guys I think are actually good - such as MeetKevin and he doesn’t even really do anything other than voice his opinion on the markets and news for the day.
+Howdy. I am curious to see what the investment strategies are used by people who earn high income and who save a lot. I'm talking about 2000/month or more.
+
+If you can mention how much your monthly savings is and also mention the various ways you invest this income, that would be great info to someone like me. I appreciate your sharing the numbers and percentages, thanks.
+**My Journey:**
+
+**Ages 17-21:** Graduated with undergraduate in Business Management and minor in Construction Engineering Management. ($10k in debt)
+
+**Age 21:** Bought my first home and rented out two rooms (Rental Income: $1000/month)
+
+**Ages 21-26:** First job at a startup ($36k salary) and worked my way up to a director position ($60k salary).  At first I was working 45-50 hour weeks, but as I grew into management and was able to deliver very high results, I was able to hire my own team and manage my own account(s).  For the last 2-3 years at this company I worked 5-10 hours a week. 
+
+**Age 24:** Bought second home and rented out a room.  Also rented out all of first home (Total rental income ($2500/Month)
+
+**Age 25:** Started renting out homes as short-term rentals (Rental Income: $5k-$10k/month depending on season)
+
+**Age 26:** Obtained MBA. 
+
+**Age 27:** Consulting work for fast growth companies working 20 hours a week ($75k annually)
+
+**Age 27:** Monthly expenses were below $1000 a month and income was $10k-$15k/month. 
+	*Cash/Liquid Investments:* $150k
+	*Equity:* $250k
+	*Paycheck:* $6k/month
+	*Rental Income:* $5k-$10k/month
+
+**Age 28:** Decided to quit working and “retire.”  Started plans on building an income property. 
+
+The moral of the story is you don’t need millions, or even a million dollars, to “retire” early.  
+
+My philosophy on the whole game is generate and save as much money as possible when you start - buy assets, create new revenue streams, slash expenses as low as you can go and once your monthly passive or secondary incomes are 4-5x higher (you can do 2x as well) than you living expenses, retire.  
+
+I took it one step further and bought land and built an income property mortgage free.  To ensure my living expenses would stay low and my income would be higher.
+
+I allowed myself to have two hobbies where I splurged, but other than that I hardly spent any money on entertainment. 
+ 
+What do you guys think?  Are you doing, or did, something similar?
+
+**EDIT:** 
+I had no idea, this post would get this many comments.  
+
+There are five major themes I'm noticing:
+
+1.  I'm not retired.
+
+2.  My "luck" is going to run out. 
+
+3.  Numbers don't add up. 
+
+4.  Only $20,000 in income?
+
+5.  And a very small subset, agrees or have done something similar.   Oddly enough they're happy with their nest egg and are not negative. 
+
+To give a quick answer before I go make dinner:
+
+1.  We all have different definitions of "retired."  I'm from a different generation and do not think sitting in a rocking chair and going on cruise boats is retirement.  Even with $100m in the bank, I'm still going to work.  With that said, retirement to me is absolute freedom of my day.  And that's what I have.  You can argue all you want, but I want you to know that I'm living my dream life and doing what I want, when I want. 
+
+2. Sure, there's going to be a market correction soon.  With an MBA in finance and operations and an engineering background I've thought of those scenarios.  I'm not flying blind here.  Also, $1M in equity and assets is a nice bonus on top of my monthly cash flows. My living expenses are around $1300 a month and I have a custom home on seven acres near a private lake, which is paid off.  
+
+3.  That's fine if the numbers don't add up for you.  I'm not writing 10 years of tax statements, investment portfolio performances and a savings timeline for you.  If you don't believe me, then don't.  But read the comments from others who are doing something similar.  They don't seem to contest my numbers.
+
+4. My mistake, that $20,000 is my annual average expenses.  NOT my income. 
+
+5. You guys rock and you're probably in a better financial state because you're able to see things differently from the masses.  Keep it up. 
+
+With all that said, stay positive folks and no need to hate.  I wanted this to be more of discussion of secondary incomes rather than a debate about the definition of a word or you feel like you're being lied to. 
+
+
+Hi,
+
+Someone has already analyze the difference between investing in an All-in-one ETF vs World Index ETF, as the only investment and for the long term (+20 years).
+
+I don't like the overweighted part of Canadian Stock (home bias) in VEQT. Specifically when we have our job and house based on the Canada economy.
+
+Are we better to invest in an Index that track the World Economy ?
+
+Fees and performance are similar on the short term, but tracking the world economy seems to better fit a long term goal than a home bias all-in-one ETF.
+
+Which one will be more adapted to the economy in 5, 10, or 15 years ?
+
+All-in-one ETF : VEQT or XEQT
+
+World Index ETF : VXC or XAW   (ACWI : USD version)
+I'm 22, been investing for about 2 years but just want to know a question regarding a hypothetical situation. 
+
+If I held a stock for more then a year in my TFSA(wealthsimple) and get somewhere of 100k and then sell the stock and try to transfer the 100k directly to my bank account what would happen? I know with transfers of 10k above are reported. This may be a stupid question sorry.
+Hi, I just started buying dividend stocks and I am wondering where to put them, and i hear conflicting things.
+
+One says in a non registered account because I can claim dividend tax credits federally and provincally on my taxes, and the other says in a tfsa.
+
+Which is the better option?
+I'm looking for experiences from swing traders with full time jobs in their respective field(s) who trade for excitement, short-term investment opportunities or maybe just as a hobby. 
+
+Do you enjoy making your trades? Was it hard to get the hang of at first? Do you find it hard to manage a full time job while also doing your DD on a prospective position you wish to enter? Etc...
+
+If anyone has any good books or literature about swing trading im all ears. The more info the better, I'm looking to spice up my investing life heading into the new year. 
+
+For quick background I am a fairly active investor with self-managed investment.
+Hey guys. First time poster. Please correct me if any of this advice is wrong; I am not a financial professional by any sense.
+
+I was called by a debt collector this past Friday (3 days ago). They were extremely rude and would only divulge two things: the amount of debt, and who the debt is to. They were trying to collect ~$2350 for medical bills dating back to 2011. I called back after some research and asked if they *own* the debt or if they are *assigned* the debt. They were assigned the debt and gave me the name of the collection agency that assigned them the debt. They were again extremely rude and even personally insulted me a few times while threatening to sue. They repeatedly asked for an address to send a "verification of debt." I am not sure if providing them this information (I did not) would have any negative effects, but I didn't take a chance.
+
+The second collections organization's agent was much more cooperative. They gave me the dates and amounts of the charges, and the old home address they've been sending requests to. They even offered to settle the debt for about $300 less than the total ~$2350 they were trying to collect from me. They, too, were *assigned* the debt, rather than owned. This is very important, because I am now able to speak with the doctor's office about the amount, and maybe even try to negotiate a lower consolidating payment. I agreed to speak with the collections agent the following week after I weight my options.
+
+Keep in mind, my research revealed several courses of action from claiming the debt is past the statute of limitations to requesting a validation of debt in hopes that they had lost the necessary proof.
+
+I finally got in touch with the billing depart of the doctor's office whom I am indebted to. They looked up my profile and saw that the $2350 bill was not what was billed to me, but what is the full amount billed to the insurance company, and that I am only responsible for about $300 of it. That $300 was sent to the collections agency - turns out they were attempting to collect a completely wrong amount.
+
+I requested that the option to pay the doc office directly instead of the agencies, but to first send me an email that provides a paper trail of how much I owe, and a promise to notify the collections agency.
+
+The email is being drafted up now and thanks to necessary homework, I am about to pay $300 of what could have been a surprise $2000 bill. Do your research.
+
+**EDIT:** Users are advising to not tell them **anything** at all. Use certified mail for all communications. I suggest reading into the r/personalfinance wiki on the subject, as well as other free resources around Google. Good luck.
+
+**EDIT II:** There seems to be bit of a misconception based on a few comments I’ve seen in this thread. This is not a how-to on not paying your legitimate debts. I have perfect credit – all of my debts have been paid on time and/or in full. This is a warning that if, for whatever reason, something slips through the cracks and you receive a call from an intimidating debt collector, **know that you are in a sensitive situation and be properly advised on your future actions.** Many suggest doing all business in writing. Research your response.
+
+While this seems like common sense, it’s extremely useful information. I could have panicked and forked over $2500 over to an asshole on the phone (yes I verified they are legit). I instead found that this amount is mistaken and just paid $319 to my doctor’s office. I could have disputed some of the charges, but for ethical reason and convenience, I paid in full.
+
+Both debt organization have recognized that the debt is paid and have closed my accounts. I can't believe how well this whole situation turned out. 
+I'm currently on holiday in Noosa and have found myself looking at property prices. Many are north of $2m, some (many) are north of $7m.
+
+I struggle to see how people are affording these. Between my partner and I we are clearing comfortably north of $200kpa excluding super. We've a modest mortgage and are looking at investment places as well as a lifestyle change in the future, but this sort of pricing seems ridiculous.
+Over the past week, Core has shown a marked improvement in its communication with the community. Creation of [BitcoinCore.org](http://bitcoincore.org) was appropraite. Setting up the [official twitter account](https://twitter.com/bitcoincoreorg) was smart. Encouraging discussion in [bitcoincore.slack.com](http://bitcoincore.slack.com) has been excellent. And most recently, Core's post [here](https://bitcoincore.org/en/2016/01/26/segwit-benefits/) was very helpful - well-written and informative. 
+
+A sincere thank you to Core for demonstrating improvement in this area. Keep it up.
+
+Upon this momentum, may I now offer the following humble suggestion: **with two more moves, Core can end the civil war.** 
+
+This suggestion is based on discussions with various parties over the past two weeks. Anything less than both is unlikely to settle the issue in any meaningful way. That suggestions are being given to Core, as opposed to Core's opponents, is not an indication that Core is "primarily at fault" or that it's Core's sole responsibility to fix things. Rather, it is because Core has the power and position to effect meaningful change, in my opinion.
+
+**Move 1)** Core clearly commits to a hard fork block size increase, by adding it to its formal roadmap.  The specific plan should probably be the 2-4-8 plan, as proposed initially by [Adam Back](https://twitter.com/adam3us/status/636410827969421312), and which achieved widespread consensus after the scaling conferences. The time to add it to the roadmap is now, and the time to execute the HF should then, within reason, be up to Core's stewardship. This needn't interfere with, and is certainly not a replacement for, the much beloved SegWit.
+
+**Move 2)** Core formally, publicly, and clearly denounces the censorship that has plagued community discussion, and should apologize for not having done so earlier. Core is not responsible for the censorship, but stood silently by as it happened, allowing widespread mistrust to grow out of control.
+
+If Core can gather the consensus among its members to take these two steps, and can do so with professionalism, humility, and a sincere desire to move forward and help the community heal, then I believe it will. 
+
+This would be a victory for the major factions of this divisive issue. We could then all get back to building. There are so many battles ahead to fight against the real enemy. This one, against each other, needs to end.
+
+And please, above all, civility in these discussions is paramount.  To Core - thank you for the work you have done, and continue to do. I think you'll find many allies if you take the above to heart.
+
+
+I entered into a contract for a home purchase around October 20th. I shopped a few lenders and finally decided to go with Ally for my home loan. I have banked with them for over 5 years, and never had an issue with their savings/checking. I'm an easy borrower (great score, solid job, 20%+ down), and the home is not even 4 years old, so I figured there weren't too many ways for this deal to go sour.
+
+Physical contingencies were wrapped up quickly. Inspections were clean. Out of nowhere, I receive an appraisal from Chase Bank (who was my second choice lender, and I did not do anything past shop a rate with them) valuing the property above what I am paying. I find this odd, but don't think much of it and see it as a good sign that my Ally appraisal will come back above asking.
+
+I paid my appraisal fee with Ally up front in order to "lock in my rate". Appraisal contingency was due 11/4, and Ally has absolutely nothing.  My real estate agent has pressed them since day 1 to stay on track, since this market is hot and sellers are not screwing around with buyers who can't meet deadlines. Ally promises to have the appraisal done by the 6th.
+
+Welp, the 6th rolls around and my agent asks Ally where the appraisal is. Ally's reply:
+
+"they (AMC) do not have it, and they probably won't have it for a long time". Ally now telling me they did what they could, but this wont get done in time.
+
+What is the best way for me to request a refund for my appraisal (which obviously did not get done in time)? I signed a "mortgage written commitment letter" with Ally. Can this be voided since they have failed to meet the deadlines of my purchase contract?
+
+Thanks in advance for any replies!
+
+​
+
+EDIT 1:
+
+Heard back from Ally today (through my realtor). Apparently they have reassigned another appraiser on priority for the property (not sure how reliable this is). My realtor and I decided to give this until Monday to hear back from Ally before thinking about jumping ship. We are about 90% done with this deal, just waiting on the damn appraisal. A one week extension is going to look better to the buyer than starting over with an entirely different lender (and having to change all of the title paperwork and contracts). The entire transaction has gone smoothly aside from this appraisal issue (although I admit, Ally's communication is extremely unprofessional).
+
+Update for those who are saying Chase didn't do an actual appraisal: I can assure you they did one. The stack is about 20 pages deep, with "Uniform Residential Appraisal Report" at the top and Freddie Mac form 1004 at the bottom. Photos of the property, inside and out. Again, not sure why they did this exactly, but it did happen. Realtor is telling me we can't have the appraisal transferred from Chase to Ally, but I can poke at Ally and give it a try to see what they say.
+
+Thank you folks for the replies. I read all of them. I'll keep you updated as we continue trying to make this deal work.
+
+EDIT 2:
+
+So I guess I really should be blaming the AMC. Ally ended up getting an appraisal done, and they have actually done quite well afterwards. My loan docs were completed without any hiccups, Ally has been in contact with me and my realtor throughout closing, and we plan on getting the keys today! (one day after scheduled closing).
+
+If anyone has more questions I would be happy to answer. Looking back, Ally did not have the best communication skills, but damn they actually got things done despite having trouble getting an appraisal. Their rate was the best, their online interface is easy...I was really worried this deal wouldn't get done, but in the end going with Ally might not have been so bad.
+Hey PF. Sorry if this isn't the right place to put it, but I need advice and I didn't know where else to go. I've been lurking for awhile now dreaming of the day that I get to put money into savings accounts or start saving for my retirement, but I see no way that it'll ever happen. 
+
+I am 21 years old. I have no education (probably the education of an eight grader, to be completely honest), I work a dead-end job at a deli shop earning 17k a year, and I have no hope for the future. 
+
+I was "homeschooled" from 4th grade to 12th grade. I put it into quotations because I wasn't really taught anything. I can barely multiply large numbers. My mother never really taught me, and I had more days off not learning than I did learning. I have a lot of anger toward my parents and regrets, but I can't put all of the blame on them. I really didn't know until a year or so ago how screwed I was, but I still haven't changed. Growing up, I just sat at the computer all day playing games and being on the internet (seriously, from like 13-18). I never *knew* better. I didn't know how important education was until I've been in a dead end job for 6 years. I don't know what to do, because I know I need to start earning more but I don't know how to begin. 
+
+Current situation: I am 21 living alone and completely self-supported. My monthly income is $1100-1200 (net). My rent is $500, utilities combined are $150-175, phone and internet bill at $50 each. I give 10% of my monthly income to help my sister out. I really don't have money to start school. I don't know how loans work, I don't know how any of this works because I was never taught. What should my next step be? I haven't taken my GED because I just know I'm not nearly smart enough to do it. I've done practice tests online (just brief questions and stuff), and I haven't passed them. 
+
+My boss says that he's leaving at the end of this year and he's going to make me the manager, which would give me roughly $2200 a month. 
+I have to work 40+ hours a week just to make ends meet and going home isn't an option. I need help and advice. Anything you guys can give me will help me a lot. Thank you.
+
+Also, I am getting $1400 in tax returns in a week and half, which is going to help me get on my feet, which is also why I am coming to you guys; I need to know the best way to use that money. I was thinking of paying off all of my bills for two months and two months rent. 
+
+EDIT: Thank you all for the kind words, seriously. It just feels nice that there are people out there who care, since I don't have anyone in my life that I can really confide in and really just *open* up (getting a girlfriend is on my list). I've shared today what I've always kept hidden and secret from anybody I know, that I'm failing life and failing myself, but you guys really have helped me. I'm going to follow all of the suggestions here and I'm going to do everything that involves any sort of education. I'll still be around in the following days replying to everybody, but **I am coming back at the beginning of 2015**, and I am going to list all of the things that I have done. Thank you all and see you later. 
+
+EDIT 2: I'm near tears. You guys are really kind, so thank you. I'm feeling really pumped about my future, and that's a nice change, so I feel great right now. Mostly you guys have given me context; I still have a lot that I can do and it's far from over. Thank you all from the bottom of my heart. I can't express enough what your kind words mean to me. 
+
+EDIT 3: I've gotten an overwhelming response in favor of Khan Academy. Rest assured that I *will* be using it to take my GED and then beyond. I'm going to take my GED and once that is finished, I'm going to reevaluate my position and then consider my next step. As for right now I am thinking of attending a trade school. Welding or plumbing, probably. Again, thank you all for the responses, it really does mean a lot. 
+I posted yesterday about my research on EOS and whether it will challenge Ethereum. I'm happy to see that the post generated very healthy discussion around EOS vs Ethereum.
+
+Keeping to the theme, I researched NEO to see whether it would be a threat to Ethereum. I am certain that it's not. NEO is an incredibly centralized system and there are big questions around its advertised 1000 tx/s scalability given how the network's been blacking out during an ICO. There's also been talk of NEO smart contracts being incredibly annoying to develop because the platform itself is buggy and overall, poorly coded.
+
+Ethereum might have worse performance, but that's the cost of decentralization and Eth devs are making huge progress in decentralized scaling solutions. NEO, as in EOS, is more centralized and therefore is more performant. It's very easy to create high performance systems, but it's hard to maintain decentralization.
+
+Here's an article I wrote on NEO's recent [unexplained network outages and developer sentiment](http://storeofvalueblog.com/posts/neos-secret-scaling-issues/) if you're interested to find out what's going on.
+"I did my part"    
+"Just bought some"  
+"DCA'D again"  
+"Random bullshit bullish post"  
+"All eth below  $1000 is cheap eth"
+
+For real guys. This is not trading. What is the moderation on here? The daily is filled with non-trading related shitposts, most of yall are bullish no matter what and I dont want to know how much you are down actually. Bitmex just opened ETHUSD leverage trading. Realise that DCA is not trading. Realise that this market is irrational and no matter how good the fundamentals behind eth or any other alt are, it will rise and fall, because that is the market. 
+
+TL;DR Stop the bullshit and start trading, /r/ethTRADER should be people trading and not hodling. 
+
+Rant over. 
+
+btw I wouldn't sell right now, because ETH/BTC actually just bounced off support + ETHUSD broke bullish on a 4hr equilibrium but if we lose support maybe shorting until the trend changes (again, maybe it just did) is better than DCA'ing and losing again and again and again?
+It is obvious that these more social/subversive attacks against the Ethereum ecosystem are Bitcoin's attempt to try to slow it down because the BTC Maximalists know that its only a matter of time before Ethereum takes the reigns as the dominant public blockchain.  They are trying to stall the spread of Ethereum before they can get Rootstock out, which is inferior to Ethereum's smart contract capability bc  the functionality is not baked in at the protocol level - which in turn raises many security questions.
+
+I think it is pretty darn SAD that the Bitcoin community cannot come together to innovate (like they used to) like other blockchains are doing.  Now, they find themselves a diseased community that can only resort to FUD tactics.
+
+Its time for the Ethereum community to fight back...not amongst itself or any pseudo-classic/legacy chains but directly against Bitcoin maximalists.  **Our greatest weapon is our pioneering and groundbreaking development on the Ethereum blockchain.** Let's stay focused on sharpening this sword.
+I remember back when I didn’t want to pay list price “on principle” (bidding wars over list price are not really a thing in my primary city) and lost to another buyer over $1,000. It was a nice lot in an awesome neighborhood.  
+
+Lesson learned - if the listing agent is dumb enough to underprice, hurry up and take it. 
+With today's low interest rates, I am considering a refi on my "second" home. I have enough equity in said second home that I am wondering whether I should cash out and consolidate my two mortgages under one lower interest rate. It seems to make sense on paper but would love any added perspective on things to consider that I may be overlooking. Some details:
+
+Home 1:
+
+Occupancy: second home
+
+Principle remaining: \~$300K
+
+Rate: 4.05%
+
+Years remaining: \~27
+
+Est. value: \~$600K
+
+​
+
+Home 2:
+
+Occupancy: investment
+
+Principle remaining: \~$100K
+
+Rate: 4.875%
+
+Years remaining: \~26
+
+Est. value: \~$140K
+
+​
+
+Refi Offer on Home 1:
+
+30 years, 2.75%, <$3K total closing costs
+
+​
+
+Essentially, if I cash out enough to pay off home 2, my monthly P+I would be the same as my current P+I on Home 1 pre-refi because of the lower rate. If I don't cash out, then I save \~$400/mo on home 1's P+I, but continue to pay much higher interest on the smaller loan (rate-wise).
+
+Cashing out to pay off the Home 2 mortgage seems too good to be true, what am I missing? TIA for any advice.
+
+Edit: formatting
+
+Edit 2: thanks for the helpful comments. what most have helped to point out is that i lose out on income tax advantages if i pay off home 2 and that my cash-on-cash return is probably best left as-is. what i hadn’t thought of at the time of posting is that this is more or less the age old question of whether cash or leverage is better for investment properties. In my situation i think i’m better off leaving leverage intact on home 2
+Hi r/realestateinvesting,
+
+Here’s the deal - I’m strongly considering purchasing my first property in the next year. I live in an in-law 1BR unit with my GF now, and while we’re saving by paying smaller rent, we could both use some more space. Located in the Northeast btw (not in a major city). 
+
+However, I’m not quite sure if we’ll be in the area long term. We’re both early in our careers, and the possibility to move to a major city in the next few years is always an option if an opportunity presents itself. Which is why I’m potentially looking to buy a fixer upper, live in it for a few years (maybe longer), and sell for a profit. Without some sweat equity, I’d likely lose money if I need to sell in 2-4 years.
+
+Here’s why I think it’s not a bad call:
+
+- I’ve been wanting to get into REI for awhile, and have been studying it for about a year. I can get a better rate with an owner occupied mortgage, and I’ll have $45-50k to put down. 
+
+- I’m pretty good with my hands. Did a light remodel of my current place (mostly paint/cosmetics, but also knocked down a wall & rerouted some electrical). What I don’t know yet, I can either learn on the internet role call in help from contractors in my family. 
+
+- I’m not in a rush, and I can stay at my current place as long as needed & continue saving. I can search for a great deal - if I put in an offer that’s not accepted, oh well. On to the next. No emotions involved. If I do find a property, I can take the time I need to repair before moving in.
+
+That said, I don’t know a ton about flipping yet so I’m hoping y’all have some advice for me. I know the profit is made in the purchase, I know not to over-repair with a bunch of personal touches that the next owner may not like, and I know that the house needs to be inspected before buying. 
+
+What don’t I know? Was anyone in a similar situation as me with their first property, and how did it work out? Thanks!
+* 4,309 store closures have been announced by retailers so far this year, according to Coresight Research.
+* Victoria's Secret, Gap, J.C. Penney and Tesla all announced store closures this week.
+
+More: [https://www.cnbc.com/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html](https://www.cnbc.com/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html?__source=newsletter%7Ceveningbrief)
+
+Edit:
+
+\-Amazon carnage has yet to see any stoppage.
+Fellow Bettors, if you understand options, move on.
+
+First, proud of this community and all the giving it did yesterday.  Truly phenomenal.
+
+I've noticed a lot of people on this sub legitimately don't know what options are or what they do.  This is incredibly concerning, how are we going to get to the moon if we don't know how to build a rocket.  As such, I've decided to write a quick reference options guide to help some of the newer, younger, or less experienced traders as a Christmas present to the sub. If you know what options are, move on.  I'm going to try and make this as short and sweet as possible.  A reference guide.
+
+As much as we all like loss porn, I like seeing gain porn way more and hate the thought of people losing life savings/tuition money/inheritance because they come to the sub and don't know anything about options but see a ticker with rocket ships and buy a 0 DTE 30% out of the money call with everything they have.  Gotta know how to play blackjack to sit at the table.
+
+Depending on feedback, I may write a few more.  If I get told to fuck off I completely understand, but if some people learn some stuff then I'll continue.  I will be using $MSFT as my example.
+
+* What are options?
+   * The Basics/Buying vs. Selling Options
+   * The Money
+   * Calls Explained
+      * Buying Calls
+      * Selling Naked Calls
+   * Puts Explained
+      * Buying Puts
+      * Selling Naked Puts
+* Options Pricing
+   * Intrinsic Value
+   * Extrinsic Value
+* Do I Have to Hold to Expiration?
+* The Details
+* The Greeks
+* Helpful Links
+
+**Options Explained**
+
+***The Basics***
+
+Buying an option **gives you the right** to buy (call) or sell (put) 100 shares of a stock at a specific price (strike price) on or before the expiration date (European options are specifically on the expiration date).  Buying calls is bullish, buying puts is bearish.  To buy an option you are going to pay a premium as the other party will be accepting risk with the trade (premium explained more later).
+
+* If you believe a stock is going to go up past a certain price on or before a certain day, you buy calls.
+* If you believe a stock will go down past a certain price on or before a certain day, you buy puts.
+
+Selling an option **obligates** you to buy (put) or sell (call) 100 shares of a stock at the strike price on or before the expiration date, really whenever the buyer wants to exercise the option.
+
+* If you believe a stock is going to trade sideways or drop in price, you sell calls.
+* If you believe a stock is going to trade sideways or raise in price, you sell puts.
+
+***The Money***
+
+For Calls:
+
+* At the Money - A call with a strike price equal to the current stock price
+* In the Money - A call with a strike price BELOW the current stock price, can immediately be exercised
+* Out of the Money - A call with a strike price ABOVE the current stock price.  The stock MUST rise to or above the strike price to be exercised.
+
+For Puts:
+
+* At the Money - A put with a strike price equal to the current stock price
+* In the Money - A put with a strike price ABOVE the current stock price, can immediately be exercised
+* Out of the Money -  A put with a strike price BELOW the current strike price, must fall to or below the strike price to be exercised
+
+***Calls Explained***
+
+Buying calls is a bullish strategy and the most popular on this sub, and thus will be covered first.  I will be using $MSFT as my example stock.  $MSFT is currently trading at $215.17 and I believe that the sale of the new XBox around Christmas time will increase the stock price to $230.0 by Christmas.  I would buy a call.  I decide to look at the Dec. 31 options which you can see below.
+
+[Figure 1](https://preview.redd.it/v1li3ko65u161.png?width=1155&format=png&auto=webp&s=10f4953ae3048e58bca84001d3caa2be444b0189)
+
+This is Robinhood on a computer.  At the top you can see what each thing is which is explained below.
+
+* Strike Price - The price the stock has to rise above to be exercised
+* Break Even - The price the stock has to rise above to not lose money
+* To Break Even - Percent change in the stock required to break even
+* % Change - Daily change in option price in percent
+* Change - Daily change in option price in dollars
+* Price - Price of the option
+
+In the above example:
+
+* $215 Strike Price - In the Money, could be immediately exercised, but the buyer/exerciser would experience a loss
+* $217.5 Strike Price - Out of the Money, could NOT be immediately exercised.
+
+The Break Even point is always higher than the strike price for calls as you are paying someone to accept risk.  This can be calculated by taking the strike price and adding the premium paid for the option.  For the 12/31 $230, $230.0 + $1.67 = $231.67.  The option CAN BE EXERCISED BELOW THE BREAK EVEN FOR A LOSS.
+
+***Buying Calls***
+
+Ok, so the 12/31 $230.0 strike is what we are going to buy, that is $1.67 dollars PER share, for 100 shares, so the buyer would pay a total of $167.00 for the trade (depending on the bid - ask, explained in ***The Details*** below.)  We go ahead an buy that option for a debit of $167.00.
+
+As the month goes on BEFORE 12/31, some things could happen:
+
+* $MSFT goes up, the value of the option increases and can be sold for a profit at any time
+* $MSFT goes down, the value of the option decreases and can be sold for a loss at any time
+* $MSFT trades sideways, which will result in the value of the option decreasing (explained in Greeks)
+
+On 12/31 if you still hold the option, there are a few possibilities:
+
+* $MSFT is above the breakeven, we'll say $240.0, you can sell the option for a profit, which would be almost entirely intrinsic value, the contract would be worth around $10.00 ($240.0 - $230.0 = $10.00).  This is per share! So your profit would be: ($10.00 x 100) - ($167.0) = $833.  The $167.0 is the debit paid for the contract.
+* $MSFT is above the strike but below the breakeven, we'll say $231.00.  The contract will be very close to break even, and throughout the day will likely fluctuate to above and below.  If you are still bullish on $MSFT, this is the ONLY time I would recommend exercising the option to buy the share (AND ONLY IF YOU HAVE THE CAPITAL TO DO SO).  If you are bearish or do not have the capital, your best bet would be to sell the option for a slight loss.  In this case it would be around $100.  **NOTE: ROBINHOOD RISK MANAGEMENT WILL AUTOMATICALLY SELL OPTIONS IF YOU DO NOT HAVE THE CAPITAL TO EXERCISE THEM AND IT IS CLOSE TO THE STRIKE ON THE DAY OF EXPIRATION.**
+* $MSFT is below the strike, hold or sell to avoid max loss.  Your max loss in the trade is $167 dollars, and the stock may run up towards the end of the day.  If $MSFT finishes the day below the strike, the option will expire worthless.
+
+***Selling Naked Calls***
+
+If you are neutral to bearish on $MSFT because you think the PS5 will outsell the XBox, you could sell the 12/31 $230.0C.  See below.
+
+[Figure 2](https://preview.redd.it/d8z02ztweu161.png?width=1145&format=png&auto=webp&s=38aef118e5984f02c90185de2e5cc9855c73a4e3)
+
+Notice "To Break Even" turns into "Chance of Profit."  This is a calculation using the Greeks of your odds of coming out on top in this trade.  You sell this call.  This would mean you would be CREDITED with $167 dollars initially.  As the month goes on, if $MSFT goes up in value, you will begin to lose money on the trade, and if you desired to close the trade you would have to Buy to Close, meaning you payed more for the option then you sold it for.  If $MSFT trades sideways or decreases in value, the options contract will decrease and you can Buy to Close the call at a lower price than what you paid for it or just let it expire worthless on 12/31.
+
+**SELLING NAKED CALLS CAN BE VERY RISKY.**  If you sell the call, and $MSFT shoots up the next day to $240.0, the buyer of your contract can immediately exercise the call.  This means that you as the seller are OBLIGATED to sell them 100 shares of $MSFT at $230.  What happens if you don't have them? You have to buy them at the current market price.  So $240.0 x 100 = $24,000.  You would then sell them for $230.0: $23,000. Your max loss on the trade will be $24,000 - $23,000 -$167.0 = $833.  And that is only if the price goes to $240.0.  If the price at expiration is $250, your max loss would be $1,833.  For every $10 increase in underlying, the max loss increases $1,000.  To avoid this and collect premium you can sell covered calls, to be discussed later.
+
+***Puts Explained***
+
+Buying puts is a bearish strategy and the second most popular on this sub.  $MSFT is still $215.17, and I believe the new XBox sucks.  I think the stock will fall to $205.0 on or before 12/31.  Below are 12/31 puts.
+
+[Figure 3](https://preview.redd.it/svbfbulzcu161.png?width=1149&format=png&auto=webp&s=41e389a6b8a77e1b71c189615a6fb9acbee41553)
+
+None of the metrics change, except for what is in and out of the money.
+
+* $217.5 - In the Money, can immediately be exercised, but the buyer/exerciser would experience a loss
+* $215 - Out of the Money, cannot immediately be exercised
+
+***Buying Puts***
+
+The 12/31 $210.0 strike is what we are going to buy, so that is $3.58 for 100 shares, so if purchased and filled this would cost us $358.0 dollars.  Note this is much more expensive than the $230.0 call, this is a result of the strike price being much closer to the current stock price.
+
+As the month goes on BEFORE 12/31, some things could happen:
+
+* $MSFT goes down, the value of the option increases and can be sold for a profit at any time
+* $MSFT goes up, the value of the option decreases and can be sold for a loss at any time
+* $MSFT trades sideways, which will result in the value of the option decreasing
+
+On 12/31 if you still hold the option, there are a few possibilities:
+
+* $MSFT is below the breakeven, we'll say $200.0, you can sell the option for a profit, which would be almost entirely intrinsic value, worth around ($10.00). ($210.0 - $200.0 = $10.00)  Again, per share, minus the debit, would again get us around $642.  Notice how this trades profit was lower with the same difference in strike price to underlying price on expiration. That is because the premium we paid for this trade was higher.
+* $MSFT is below the strike price but above the breakeven, we'll say $207.0.  The contract will very throughout the day, and unless you have the capital to exercise Robinhood risk management will likely sell the thing whether you like it or not.
+* $MSFT is above the strike price, you can sell to minimize profit OR hold until it expires worthless.
+
+***Selling Naked Puts***
+
+If you are neutral to bullish on $MSFT because you think the XBox will be meh, you could sell the 12/31 $210.0P.  This means you would be credited with $3.58.  If $MSFT decreases in value, the option price will increase in value, and you will lose money on the trade.  You can hold to expiration or Buy to Close at any time for a loss.  If $MSFT trades sideways or increases in value, the option will decrease in value, and you can Buy to Close for a profit at any time.
+
+**THE SAME RISK APPLIES TO SELLING NAKED PUTS AS NAKED CALLS, BUT IS "CAPPED" AS A STOCK CANNOT GO BELOW ZERO.**
+
+***Options Pricing***
+
+The price of an option has two different parts, intrinsic and extrinsic value.
+
+* Intrinsic Value = |Current Price - Strike Price|
+   * An Out of the Money option has no Intrinsic Value
+   * An In the Money Option has an Intrinsic Value equal to the difference in stock price and strike price.
+   * Example:  $MSFT price: $215.17.  For the 12/31 $212.5C, this option has an Intrinsic Value of $2.67 for each share, or $267.  BUT you can see in Figure 1 it is $7.30, or $730 dollars to buy.  That is where extrinsic value comes into play
+* Extrinsic Value
+   * Effected by theta and implied volatility
+   * Can be calculated by Extrinsic Value = Option Price - Intrinsic Value
+   * Theta
+      * The more time an option has to expiration, the higher it is priced.  This is because the underlying stock ($MSFT) has more time to move.
+      * The theta curve accelerates around the 45 day mark, see the figure below.  You can see that as an option gets closer to its expiration it will lose value, regardless of if it is in or out of the money IT WILL DEPRECIATE
+
+https://preview.redd.it/knprhfu1iu161.png?width=1094&format=png&auto=webp&s=80a6189eafe6f7fb8662cf5cd467d2c9b588af9d
+
+* Implied Volatility - a lot of math goes into this one, but its essentially how much a stock is likely to move during a give amount of time
+   * Steady stocks, like $KO, tend to have lower IV.
+   * High growth stock or stocks that move a lot have higher IV.
+   * The IV OF EACH OPTION will be different depending on expiration date, how far In or Out of the Money the stock is, and the movement of the underlying.
+   * IV Crush - this occurs often after earnings and results from volatility decreasing.  Even with no movement in the price of the underlying an options price can be cut in half if the volatility drastically decreases, decreasing the extrinsic value.  BE CAREFUL IF YOU HOLD OPTIONS OVER A STOCKS EARNINGS.
+
+***Do I Have to Hold to Expiration?***
+
+Lets say we buy the $MSFT 12/31 $230.0C.  Do we have to wait until December 31? No.  If the underlying increases to lets say $225.0 by next Friday, 12/4, we could sell the option for likely a pretty good profit.  We payed $1.67 for the contract, but the price of the Call may increase to $3.67, so we could Sell to Close for a $200 profit, allowing us to move on to another trade.  But as we approach the strike delta increases and therefore may be worth holding.  The break even information is only if you intend to hold the call to expiration and profit from exercising and then immediately selling the shares back into the market.  Due to time and market craziness, I recommend taking profit from the option itself rather than exercising and using the shares.
+
+***The Details***
+
+Going back to our out of the money 12/31 $230.0C on $MSFT, if you select the option, you will open up the details surrounding that option.  This can be seen below.
+
+​
+
+https://preview.redd.it/9jybsf99ju161.png?width=1156&format=png&auto=webp&s=28414c66b7307b4d47e6841693976f068c0af774
+
+This explains more about the option and can explain why it is priced the way it is. From left to right.
+
+* Bid - Highest price a person is willing to pay for the option and the amount of options asking to be bought at that price
+* Ask - Lowest price a person is willing to sell the option and the amount of options offered to be sold at that price
+* Mark - Often in between the Bid and Ask, what you see on the main options tree
+* Previous Close - The price of the most recent option sold
+* High - Highest price paid during the trading day for the option
+* Low - Lowest price paid during the trading day for the option
+* Volume - number of contracts traded during the trading day
+* Open Interest - number of total contracts not settled
+
+Bid-Ask Spread is the different between the Bid and Ask, in this case $.19.  The closer the bid ask spread, the more likely you are to get an order filled.  Slippage occurs as the spread moves up or down depending on if the movement of the stock.  If the stock is rising rapidly and you are trying to buy a call, by the time you enter the order the Bid-Ask Spread might have moved up dramatically, and your order might not get filled.
+
+Open Interest is important as well.  If very low open interest, Selling or Buying to close may be very difficult depending on how popular the options contract is.
+
+The lower the open interest and the wider the Bid-Ask Spread is, the more likely you are to get fucked by market makers.  They will not be willing to meet at the mark or change their bid/ask and will expect you to do it.  If they are moving millions of options a day, $.10 is a lot to them and they will profit off of it.
+
+***The Greeks***
+
+You can see the Greeks listed above for this call.
+
+* Delta - how much an options price is expected to change for every $1.00 change in the underlying.  Calls have positive delta, puts have negative delta.  If $MSFT goes from $215.0 to $216.0, the price of the option will increase $.1691.  Puts have negative delta because the options price will decrease as the stock price increases.  Delta will approach 1 as the stock underlying approaches the strike and moves through the strike, causing a natural increase in intrinsic value.
+* Gamma - the change in Delta for every $1.00 change in the underlying.  Gamma increases as the stock approaches the strike price and can be very powerful if the underlying is near the strike.
+* Theta - change in the option price for every 1 day closer to expiration.  Theta increases as the option approaches the expiration date.  If you hold onto the 12/31 $230C for a day it would decrease in value .06 per contract, so a total of $6.  You can see how this is an options buyers Enemy.
+* Vega - How the implied volatility affects the price of the option.  A drop in vega will typically cause both calls and puts to lose value.  Compare vega to normal levels by looking at other options of other similar underlying.  Again, BE CAUTIOUS OF IV CRUSH AROUND EARNINGS.
+* Rho - sensitivity to interest rates, has to do with the U.S. treasury, you have the least control over this and this arguably effects options the least.
+
+***Helpful Links***
+
+Here are some awesome links that will help everyone get better at trading options.
+
+[Options Strategies | Learn To Trade Options - The Options Playbook](https://www.optionsplaybook.com/)
+
+[Investing with Options (robinhood.com)](https://robinhood.com/us/en/support/trading/investing-with-options/)
+
+[Options Trading Strategy & Education (investopedia.com)](https://www.investopedia.com/options-trading-strategy-and-education-4689661)
+
+I hope you find this helpful.  If you made it this far I'm astonished.  I hope you all make massive amounts of money and are able to beat retarded hedge funds and dumb old traders.  Our generation is changing the investing game for the better, making it more accessible.
+
+If you have any questions, comments, or concerns, let me know or send me a message.
+
+Panda
+
+Edit 1:  Corrected some small inaccuracies.  Added "Do I Have to Hold to Expiration?"
+
+  
+Edit 2: Due to the overwhelming positive response I will write Part 2: Intermediate Strategies for next week to include Credit Spreads, Debit Spreads, Iron Condors, etc.  Thank you all, humbled by the gifts.
+
+Edit 3:  Corrected some small inaccuracies. Spelled 'bettor' correctly.
+With markets closed today, I figured I'd sit down and take my time to share some of my tips for (options) day-traders.
+
+Here are the things I've learned over the past few years.
+
+**- Always know your numbers:** Be realistic when it comes to returns on your trades. What's a currently high yield savings account out there? 1.25%? 2.50%? Keep in mind those are annual returns for the most part. If you were to take your hard-earned money, learned a skill (for life) and decided to take life/money into your own hands (because no one else out there cares more about your money other than yourself - mind your own business so to speak), then you can beat a regular savings account if you work at it. If you entered a small trade, and gained 5-10% on it and repeated it for say 2 or 3 more trades each day, AND are consistent at it, you should make much better returns over the long-term than let someone else or another financial institution manage for you.
+
+**- Greed kills:** The moment you start to day-trade with options, you may have a winning trade, perhaps even 10 winning trades in a row. This is when you need to be careful. Think of it this way, every morning, before you start to trade, remind yourself what you're really after by day-trading. Extra source of income for the long-term. In order to achieve that goal, you cannot, I repeat, cannot let 1 single trade TAKE OUT YOU OF THE GAME. Trade $10.00 gains over a million trades vs try to make $1,000,000 in 1 single trade. The sooner you start to realize that, the sooner you can refine your daily goals. If your daily goal is to make for instance $200 a day, and you give yourself 4 hours of active trading time, you just simply need to to take that $200 number and split into 1-4 trades (because you'll most likely be able to find/spot opportunities within that 4 hours of active trading time you give yourself). We're talking a mere $50 in profit per trade now at this time (if you were to trade 4 times each day).  If you entered each trade with say $250 or $500, meaning that's your ultimate risk at hand while in the trade, what are the chances you can take out $50 in profit? Of course, we're all not including the fact that no one can have 100% win rate accuracy. That's a given because losing trades WILL happen. But again, what are the chances you can make $50 off a $250 "bet"? Quite possible wouldn't you agree? So, keep that in mind BEFORE you start your trading day at all times.
+
+**- Accept losing trades:** Yes, losing trades are part of this game. The sooner you realize that you can be wrong and change your mindset, the better you'll get at trading. I'm talking about entering a $150 - $250 position, and accepting that you could lose $50, $100 or $150 off that trade. You need to be prepared to take the loss and move onto the next trading opportunity. In my experience of "day-trading" with options, I have and love to see losing trades. It simply means that I am setting myself up properly for trading in general long-term. People that DO NOT accept a losing trade, will eventually cause their own demise in a trade that could take them out of the game (forever). Some people prefer hard stops, but I personally like to train and work on myself when it comes to trading as I would like to hope that I improve daily; so I ultimately make myself press the SELL button when I realize a losing trade. You should try it sometime. It's a great thing. I tend to look at exiting a losing trade as a winning trade because now I can focus and work towards spotting another trading opportunity. Who knows, that next opportunity might make up the losing difference you just experienced and even put you "back in the green" for the day. Think positive. Accept losers. It will go a long way.
+
+**- Trade what you're familiar with:** Have a small watch list of stocks you follow and trade daily. I'm talking do not scan, spend hours and hours on other newsletters, group chats or forums to spot the next trade. I consider that to be quite wasteful. Remember why you are trading in the first place (yeah yeah, I get it, some just can't get rid of the rush/addiction to "gamble"), but that set aside, we're ultimately all in this to enjoy the freedom that comes with day-trading. Eventually you may be able to stop your regular work-life (whether self-employed or through an employer/job), so you can be your own boss. By simply observing those stocks every day, you get a sense of experience/knowledge that others cannot get because they are not spending as much time with them as you are. You understand if for instance stock XYZ tends to sell off in the morning, because it runs all the way back up into the green. You understand if a certain price level for stock ABC is a magnet and tends to have the stock revert back to that level after every 5-10% up or down move over 2-3 weeks period of time. You will gain "insight" information that will give you the "ultimate edge" in your day-trading. I'd say look for your own stocks. It can be anything that you're dealing with on a daily basis; Companies you understand, you buy products from, anything that interests you, but keep them to a number of perhaps 4-10, and just simply observe them. One or two of them will have a trading opportunity every almost daily. Your job is to spot that opportunity and act, and profit/lose from it.
+
+I can probably add a few more key points in the future, but it's lunch time with family and friends and I gotta run :)
+
+​
+
+​
+
+\*\*\*edited:  **PART B is here**:   [https://www.reddit.com/r/options/comments/gqi2h2/tips\_for\_options\_traders\_daytraders\_part\_b/](https://www.reddit.com/r/options/comments/gqi2h2/tips_for_options_traders_daytraders_part_b/)
+
+Thanks for all the great comments and feedback about my post(s). I appreciate you all taking the time to read and again, hopefully they can help with your trading. (more to come over time I'm sure).
+
+​
+
+\*\*\*2nd edit: I did not [anticipate the correspondence](https://imgur.com/a/kkswX3z) when I set my mind to write up those 2 posts 4-6 hours earlier. It's a bit overwhelming to say the least to try to respond to all, but I'll try my best.
+
+​
+
+\*\*\*3rd edit (05/30/2020): **PART C is posted here**: [https://www.reddit.com/r/options/comments/gtfiq7/tips\_for\_options\_traders\_daytraders\_part\_c/](https://www.reddit.com/r/options/comments/gtfiq7/tips_for_options_traders_daytraders_part_c/)
+
+​
+
+\*\*\*\*4th edit (06/21/2020): **PART D is posted here**:
+
+[https://www.reddit.com/r/options/comments/hdftii/posting\_to\_answer\_some\_commonrepeated\_questions/](https://www.reddit.com/r/options/comments/hdftii/posting_to_answer_some_commonrepeated_questions/)
+
+\*\*\*\*\*5th edit (06/27/2020): **PART E is posted here:** 
+
+[https://www.reddit.com/r/options/comments/hgtk79/dont\_get\_caught\_up\_with\_focus\_on\_proper\_trading/](https://www.reddit.com/r/options/comments/hgtk79/dont_get_caught_up_with_focus_on_proper_trading/)
+Hello Apes!
+
+As stated, this message briefly appears when I first load or click refresh, then disappears. I have tried copying the link but it only brings me back to my main login page. 
+
+To be clear, my portfolio is 100% GME so this could only be for one stock! I checked my portfolio last night before bed like a good ape and this notice was not present!
+
+STRAP IN APES ITS TIIIIIIIIIIIIME! I cannot put to words how massively jacked my tits are at this moment!
+
+Edit 1: I huffed a crayon and forgot to add the sauce (proof):
+
+https://imgur.com/gallery/wCwXkJM
+
+
+#OPEN THE CASINO!
+
+
+
+
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌕
+Hi. I have held XBC for over a year I made over a 100 % sold it a a month ago and made a nice profit. Sold at $10.00 when it dropped to $8.00 I bought back 1000 shares . I still made a good profit . Now that it has dropped to $4.00 should I hold or take my losses and move to something else ,do you think this is close to the bottom? Just looking to see if anyone knows something I don’t
+CALGARY — There are early signs that generalist institutional investors are returning to the oil and gas sector, though some in the business question whether an investor influx will hurt returns.
+
+Oil and gas exploration and production equities are expected to be among the most in-demand stocks over the next three months, according to a recent poll of institutional shareholders by Toronto-based Brendan Wood International, which regularly polls 2,000 global institutional investors managing over $51 trillion.
+
+The firm’s most recent survey on Aug. 24 showed forestry products, followed by oil and gas exploration, were the top two stock categories investors planned to buy in the coming months, in what investors, oil executives and analysts say could signal a return of generalist investors to the energy industry after a years-long sell off.
+
+“There are so many investment professionals out there performing analysis on energy companies, our role is to quantify the resultant investor demand for the stock and why,” said Jordan Novak, partner with Brendan Wood International.
+
+“After all the fundamental analysis on a company, the investor is still sitting in front of the screen with a buy, hold or sell option. A final factor, namely the strength of demand, often tips investor commitment to own a company,” Novak said.
+
+The firm’s survey showed that 10 per cent more institutional shareholders planned to buy into the oil and gas exploration sector over the next 90 days. Notably, the survey respondents indicated they were also planning to sell off integrated oil and gas companies over the same period.
+
+Brendan Wood International includes four Canadian names among the top 10 most in-demand exploration and production companies: ARC Resources Ltd., Parex Resources Inc., PrairieSky Royalty Ltd. and Tourmaline Oil Corp.
+
+Some of the smaller names in the sector are also generating generalist investor interest after years in which those investors shunned the oil and gas sector for other lower emissions industries, including renewable utilities and the tech sector.
+
+“It’s nowhere near where you would expect given the superior financial performance of these companies,” said Brian Schmidt, president and CEO of Calgary-based Tamarack Valley Energy Ltd., adding that some generalist investors have bought back into his company’s stock in recent equity raises.
+
+The volume of oil and gas shares traded on the Toronto Stock Exchange fell from a peak of just over 19 billion in 2016 to 14.4 billion on average over the next three years, before picking up again to 18.9 billion last year as rock-bottom prices provided an opportunity for investors, TMX Group data shows. The number of trades had also fallen to a 10-year low of 31.56 million in 2017, compared to a peak of 48.2 million in 2014.
+
+The annual value of shares traded, which easily averaged more than $200 billion in the first half of the decade, had plunged to $159 billion in 2020. The S&P Capped Energy Index has jumped 39 per cent year-to-date, nearly twice the growth of the main composite index.
+
+But the first half of 2021 has seen strong trading in oil and gas stocks, with more than 9.5 billion shares traded during the period, and value of shares traded exceeding $111 billion. The number of trades, however, remain below the 10-year trend, suggesting many mainstream investors continue to sit on the sidelines.
+
+Schmidt said he believes generalists will come back when companies can demonstrate they have a clean balance sheet and an ability to generate a lot of cash that will be paid out either in the form of dividends or share buybacks.
+
+
+“I think next year, we’re going to be about $500 million in cash flow and it’s only going to take about $180 million to keep production flat,” Schmidt said, adding that he’s signalling to investors that the company could implement a dividend beginning in 2022.
+
+Tamarack Valley shares are up 94 per cent so far this year to $2.44 per share on the Toronto Stock Exchange.
+
+Schmidt said, though, there is a downside to a large number of investors piling back into the oil and gas industry.
+
+“What exactly is in our best interest?” Schmidt asked, adding that a massive influx of generalist investors into the sector may be good for equity prices but could inflate asset prices, inflate costs and reduce returns. “What happens, when equity gets pounded in here, is then the returns go down. Guys start paying too much for stuff. I have never seen the kinds of returns and potential that I see right now in this sector.”
+
+Interest from generalist investors may not be necessary for a longer-term rally in energy stocks, said Eric Nuttall, senior portfolio manager at NinePoint Partners in Toronto, who now runs the largest energy-focused fund in the country.
+
+If energy companies commit to utilizing their own cash flows to buying back their stock, and retail investors continue buying into the sector, Nuttall believes the energy sector can continue to rally even without the mainstream investors piling back into oil and gas stocks.
+
+“The average free cash flow yield right now is 34 per cent. Commit at least half to return of capital,” Nuttall said, adding that he’s urging energy companies to either buy back their own shares or boost dividends to the point where returns are “meaningful enough and bold enough to wake (generalists) from their comma and their apathy.”
+
+He said that oil companies have returned capital this year to creditors in the form of aggressively paying down debt. He expects the major theme for 2022 in the energy sector will be return of capital to shareholders.
+
+“The opportunity cost of not being involved in this sector needs to be high,” he said.
+
+The Brendan Wood International report, as well as purchases by mutual funds, could be an early indication that generalist investors are beginning to buy into the sector ahead of dividend increases and larger share re-purchases, said Jeremy McCrea, director of oil and gas equity research at Raymond James.
+
+“Six years of a bear market is a lot to convince guys this isn’t a short term trade here,” McCrea said, noting that Canadian energy stocks have undergone a prolonged bear market since the oil price crash of 2014.
+
+“Over the last six years, it was just negative headline event, pipeline event, new regulation over and over – now it’s almost the reversal,” McCrea said, adding the dynamic is forcing some portfolio managers that were underweight oil and gas to boost their holdings because “they don’t want to be underperforming benchmarks.”
+
+Canaccord Genuity Capital Market analysts Martin Roberge and Guillaume Arseneau say they are overweight on the energy sector and willing to ride thevolatility despite “our view of a pending correction.”
+
+“Both the Canadian and U.S. energy sectors are now deeply oversold, opening the door for a relief rally this fall,” the analysts said. “Combining oversold and undervaluation conditions, we believe the risk–reward ratio is increasingly tiltedin favour of a tradable rally for energy stocks.”
+
+https://financialpost.com/commodities/energy/oil-gas/general-investors-had-shunned-pure-oil-and-gas-stocks-now-they-are-poised-to-return-as-a-six-year-bear-market-ends
+hello, to get the gains that i would want on say a 50 cent movement etc, these commission fess would kill it. what are you guys using, in canada, if you are day trading? i am thinking getting in and out of positions more than a handful of times in a day period. if you have a link to previous similar question please let me know. thanks.
+
+edit: sorry i guess this would not be a problem if i was moving 100k or more in the trade but i really would rather stay at 15k to 25k per instance.
+
+edit 2: so just to clear up with this, i want to actively trade not invest. So the reason i am doing this is i started investing long in 2010, i got lucky with high growth tech and picked choices myself since i was in that business with my consulting company. Needless to say i got lucky and got a 1100% return from 2010 (mid year) to last monday (about a 9.5yr run), when i actually sold off all the portfolio i had except for the last 10% of it. 
+
+edit 2 continued: I had been doing small day trades over the past 3 years but the fees kill it. I wanted to play around with a small chunk of money as a test bed for being more active daily trading, hence the threshold of the 25k etc, everyone has valid points but the people who are saying 10/trade fee is peanuts to 25k, i think you might be missing my strategy for what i am trying to accomplish. Yes i will get back into long term investing as soon as i feel more confident in what is going on in equities. 
+Hi. I'm 21, looking to invest the most I can, but I don't really know where to begin. 
+
+I am completely debt free, working as an underground miner in a gold mine in Quebec, making an average salary of 65k, looking to go up 25k in couple months and it will eventually throughout the years go up even more, because I am just starting. My company offer a 401(k) plan. I'm giving 7% of my pay and the company give 7%. I am saving a lot, roughly 8,000 right now, looking to get 8k in 3 years from my taxes return. I am ready to invest and I was thinking about investing 30% of my pay in stocks, since I'm not materialistic at all, I am good paying for just what I need (food, rent and cellphone). 
+
+Where should I begin? Any kind of advice will be extremely precious. Thank you very much.
+ 
+
+Twitter's stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. Securities and Exchange Commission. This comes a day after Elon Musk completed [the company's takeover after a lengthy ordeal](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) late Thursday. Incidentally, the delisting is taking place on the same date as the U.S. midterm elections.
+
+"The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on November 08, 2022, pursuant to the provisions of Rule 12d2-2 (a)," the [filing reads](https://www.sec.gov/Archives/edgar/data/876661/000087666122000890/0000876661-22-000890.txt).
+
+It also indicated that [the merger](https://techcrunch.com/2022/10/27/elon-musk-bought-twitter/) between Twitter and Musk's subsidiary X Holdings II, Inc. was complete. Musk's X Holdings I, Inc. will now own all the stock of the social network.
+
+"The merger between Twitter, Inc. and X Holdings II, Inc., a wholly owned subsidiary of X Holdings I, Inc., wholly owned by Elon R. Musk became effective on October 27, 2022. Each share of Twitter, Inc. Common Stock was exchanged for USD 54.20 in cash, without interest and less any applicable withholding taxes. The Exchange also notifies the Securities and Exchange Commission that as a result of the above-indicated conditions this security was suspended from trading before market open on October 28, 2022."
+
+At the time of writing, Twitter's stock was trading at $53.70 — slightly lower than Musk's buying price of $54.20. Twitter won't have to make quarterly disclosures like its monthly active users or its earnings as a private company. But financial institutions that have lent money to Musk will pressure the billionaire to make the company profitable.
+
+The social media company will likely form a new board after the current members will dissolve. Musk will have to also pick a new executive team, as one of his first steps after taking over was to [fire CEO Parag Agrawal, CFO Ned Segal, general counsel Sean Edgett and head of legal policy, trust and safety Vijaya Gadde](https://techcrunch.com/2022/10/27/elon-musk-fired-top-twitter-execs-including-ceo-reports-say/). Musk is [likely to assume the CEO position](https://techcrunch.com/2022/10/28/elon-musk-will-reportedly-take-the-ceo-role-after-exec-exodus/) for the time being, but he might hand it over to someone else in the long run.
+
+A report from [Bloomberg](https://www.bloomberg.com/news/articles/2022-10-28/twitter-s-twtr-top-bosses-poised-to-exit-with-100-million-as-musk-takes-over) noted that Agrawal is set to receive nearly $50 million while Segal and Gadde will get $37 million and $17 million each as part of the severance package.
+
+While the Tesla CEO squashed rumors [of him firing 75% of Twitter's staff](https://techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/), the current set of employees are still [preparing for a massive layoff spree](https://www.latimes.com/business/story/2022-10-27/twitter-employees-brace-for-massive-layoffs-as-elon-musk-completes-his-acquisition).
+It was a good post by [u/Cryptochihuahua](https://www.reddit.com/user/Cryptochihuahua/) a moment ago about the power of Fundamental Analysis (FA), a really good post which I would recommend as a case study for a novice retail fx trader. Such a trader concentrates almost 100% on Technical Analysis (TA), they get buried in hundreds of charts and indicators etc etc - make mistakes and big loses, leave fx trading... Here I would like to add that the best solution (obvious to a pro trader) is to use both Fundamental Analysis and Technical Analysis in **proportion like 80% (FA) and 20% (TA)**. *TA is a servant to FA*. This is a good ratio **in my view** for long term trend followers as well as for short term (automated) scalpers - it's much better to scalp along a trend set by fundamentals than against it... The picture below is an example of what this 80% - 20% setup can produce. I, as a Fundamental Analysis trader, used it in December 2019 (13th to 22nd) and it generated more than 5500 pips in a small account: all based on FA with **TA used as a support for better entries/exits**... If I can do it - you can do it too. **Happy FA & TA in 2020! :)**
+
+https://preview.redd.it/rrggttwzzy741.png?width=865&format=png&auto=webp&s=8858b44697560877f0923308184175078494990e
+
+P.S. I don't usually do and don't like when people say I made so many pips etc.. because it could look ridiculous to some traders who made much more in a shorter period of time. This post is an exception for me... Sorry.
+I’m not really sure about this but I thought I’d try to get a consensus.  I was approached by one of my vendors sons (unrelated industry) and he told me he started a crypto and forex trading company a few months ago and it’s going really well. He wanted to know if I would want to invest. His offer was: he would double my money in about 12 months and give it back to me, or hold my investment for 18 months and pay me 10% interest (I think he might have said weekly!) He said the money was guaranteed by his company and that I didn’t have to worry about losing money because he kept my money in reserve and used 2x that amount of his own money to trade? Did I dodge a bullet?
+
+Oh and apparently options trading is involved somehow.
+I've been lurking for a while and debating whether or not to try this out.
+
+Just to get a sense of what's possible, how much did you guys make/lose over the past year?
+
+Do you think of this as taking chances and basically gambling, or once you have a method is it a petty reliable income for you?
+Is it possible and is there anyone out there who trades for a prop firm and still has their “day job”? I am considering options. Right now I wake up at 3am and trade London and then look for setups during NY while I’m at work and have done well with it. I don’t have a huge account though and it’s proved more difficult than it may seem to grow. At least in a years time frame. I am still young and not married yet so I even thought about moving back in with parents for a few months to get at least 20k to trade with.
+I started with 2k, and did no more than 3 trades a day, my goal was to make a 100$ every day, and everyday I was profitable only having a few small losses here and there. I trade with half of my account. I was wondering If this is just pure luck, or does anyone else achieve these profit margins?
+Playing news is a losing game, as the market reacts extremely quickly and you won't know which way until it's too late. Sticking with 100% technicals has put me on the right side of news releases with much more consistency than any interpretation of fundamentals or "news plays". 
+I have come to realize there is learning how to trade and learning how to make money trading.
+
+I have also realised that I would search for strategies and systems and patterns instead of searching for how the market really works or moves.
+
+Strategies and Systems are your patterns, indies etc.
+
+How the market works has led me to very interesting posts on ForexFactory Forums. The likes of CrucialPoint, Copernicus and others who more or less philosophise trading. They ask deep questions.
+
+I have found so many lenses through which different people look at the markets. Physics, Mathematical, even Astronomy.
+
+Hurst exponents, Fourier Transformation, Wavelets, Statistics and Probabilities, Bayesian, Planetary cycles, Market Profiles, Volume profiles, Orderflow, Patterns, 
+
+To fundamentals
+
+Dollar Milk Shake Theory, Petro dollars, Eurodollars, QE, Intermarket Analysis- Currencies ,Equities, Commodities,Bonds , Correlation, 
+
+To Options Volatility, Expected Vol, Put Call ratio, Risk Reversals
+
+To whatever it is Raja Banks and ICT and Mike Bellafiore to Tom Sosnoff to whoever the hell is in this business is doing.
+
+I even figured how to get Free Live futures data on a Free platform for 2 weeks trials to check volume on futures to trade forex. Even tried DOM trading.
+
+You name it, I have seen it! Anyway, I might be just about to blow my account but its been a ride!
+
+I didn't know whether i was looking for a strategy or to understand the market.
+Fairly new trader here. I'm interested in getting a sense of how soon or not soon before a sample of you were profitable?  (Advice isn't necessary - my future plans are not dependent on your answers.  I'm just curious.)
+
+​
+
+Edit:  Just realized I should probably say "profitable on average", as you could be profitable one month followed by not profitable.  You know where we're going here.
+I have been learning to trade for about 18 months but in the past 6 I have made 42% returns but my days work is generally quite short and it feels as if I should be working I only trade 2 pairs btw but I just wanted to see how long you guys work each day on average
+With all of bitcoin's issues and Andreas Antonopoulos moving on it seems its last hope for reaching its all-time-high is the ETF that's now in its approval process, it has been said that if successful it would bring more liquidity but with the BTC network being clogged it seems bitcoin would face a similar situation as gold's in which there's more gold promised in paper than actual gold in the world, or in other words, as that new liquidity "buys" bitcoin it would just exist in some centralized records but investors would never be able to actually receive their bitcoin. It even sounds like the fractional reserve system scam.
+
+Furthermore, if approved it would set the stage for an ethereum ETF with the big difference that it wouldn't have BTC's clearing and settlement issues and its brand controversy. Because of this it seems some nervous bitcoin maximalists have started claiming that ETH is not a currency, which is hilarious, like saying gold can't be used as a currency because it isn't legal tender and it wasn't created with that intention (although ETH was created with the intention to be a currency and much much more).
+
+Anyway, the flippening will happen soon enough (some say it has already started with BTC and ETH decoupling)... it won't be pretty, people like ETC's Chandler Fooluo would try to deceive Asian people and Barry Shillbert would do its thing too, but don't worry, ETH is the new oil and when the economy's behemoths realize it and start competing for it, we will see the beginning of a new era. 
+
+What central bank you think will be the smartest?
+
+Heil Hayek and the end of serfdom! :P
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+***
+
+-  Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions.  
+-  Important content should be posted as a separate thread.
+-  Be excellent to each other. 
+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+I'm sure it's been answered here before, but Google did not bring about a sufficient answer. 
+
+I just yesterday transferred all of my ETH from Coinbase to MyEtherWallet and I'm still trying to figure out how it works and where the coins are actually kept. I have my paper wallet, PDF and the whole deal but it still bugs me out a little bit having sent them away from the original point of purchase.
+
+I understand that it is browser based but what if I get a new computer next month or hell, if I have to uninstall Chrome for whatever reason.
+
+Just trying to figure out where the ETH is actually stored and if it is truly safe. There was a certain satisfaction to seeing them in Coinbase, such that I am considering sending them back at some point. 
+
+Perhaps I still need to be sold on MyEtherWallet. Admittedly, I was swayed to use it due to overwhelming consensus that it's one of the 'best' ways to store ether and because Coinbase apparently sucks (which I've yet to personally experience).
+
+Also, if I do send them back to Coinbase (or another exchange), what becomes of my generated wallet on MEW?
+
+Yes, I realize these are total newb questions, but any clarity would be appreciated. 
+
+Thanks!!
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+***
+
+-  Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions.  
+-  Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted.  Important content should be posted as a separate thread.
+-  Be excellent to each other. 
+
+***
+
+Thank you in advance for your participation. Enjoy!
+The principal of sound money is *THE* most important element missing in our modern society + a founding principal of bitcoin, and those that profit from the theft of printing easy money for the use of a few will continue their smear campaign against bitcoin on social media.  
+  
+Ask yourself what is more important than sound money?  The list shouldn't be more than 3 things long.
+  
+**Edit: and like clockwork there is a bitcoin energy FUD post on r/all** rn
+I'll be honest myself, I don't have a high opinion on Roger Ver (total a$$hole imo) and his bcash scam. I still believe in Bitcoin and I know sooner or later, it will rule the crypto world. However, we need a usable Lightning network A.S.A.P. to stop those manipulative pump & dump scams.
+
+I hope every devs that can help on this are working on Lightning at the moment. This is critical to stop the heist that Ver/Jihan and their cliques are triying to pull off on the clueless crypto n00bs.
+http://qz.com/487013/this-game-will-show-you-just-how-foolish-it-is-to-sell-stocks-right-now/
+
+Hat tip to @M_C_Klein on twitter.
+
+FYI, you **sell** first and buy second. That tripped me up and ruined my results.
+I can’t help but feel as though I’m behind for my age group. I’m 27 male from NY. But I’d like a perspective in terms of where I stand financially. Basically I have about 18,000$ saved in checking and savings, I own a 8,000-10,000$ car and my assets acquaint to about 2,000$…So essentially I’m worth about 28,000-30,000$. However, I only get a salary of 24,000$ annually currently since I’m in the military. 
+
+I’m still single. Working on saving more, going out less and want to own property in the near future. 
+
+I’d appreciate advice on what I could do financially to set myself up for success for a future home and family. What should I strive to do, and should I look into investing? My credit score is about 750. And can someone tell me if they considered me behind the all in terms of my salary for my age as well as my net worth. Thanks for the advice.
+A very sudden medical expense has occurred that will basically wipe out all my savings, knowing that I’ll have to pay rent and other mandatory bills, how can I best present this situation to my bank and what are my best options?
+So I’m in the situation where I paid for a car in cash 6k has broke down I am now traveling to work on public transport 2 hours per day, to get to work.
+
+Long story short, I am now taking the company who sold me the car to court.
+
+So I am sitting here pondering on buying a 4K Mazda with 80k miles on it. Then thinking about it, that Mazda would have to last me 20 months before it makes it money back, on savings from a £200 a month used pcp deal. That’s not including servicing, I do about 15-20k miles per year, so let’s round it up to 2 years but with maintenance it would probably be longer.
+
+Then after them 2 years, the car will probably have some more issues and more issues. So I think a service is £500 let’s say it gets serviced twice, that’s £1000 in them two years, that’s now £5000 spent on the car. 
+
+So that would take me up a to £25 months with no maintenance costs apart from servicing, what if something goes wrong? So it would take me a very long time to see the benefits of this £200 pm.
+
+Where as I could pcp a car and from my understanding the services are included, I won’t have to worry about it breaking down, it’s a newer car less mileage etc.
+
+So I could put a £250 deposit down on a car, and then save the 6k pay off my 4K debt have 2k left over for a mortgage
+
+
+And my priority is getting a house for my son I’m currently a council Tennant. My current job is is paying me £383 a week after expenses, my monthly bills come up to £1050 a month including everything, apart from food shopping.
+
+So what are your guys thoughts, the pcp affecting my mortgage probably won’t be an issue because I’m a bit all over the place but I think I’m going to go for the shared ownership option of buying.
+
+
+I like the idea of being debt free completely, but from the Maths it doesn’t look like I will be much better off.
+I have positions in a few blue chip companies like MSFT, AMZN, DIS, etc., and while I’m sure they’ll be good investments for quite a long time, do you think they’ll really still be good investments in 30-50 years? Even the best companies will eventually die- surely it would be better to try and sell even stocks like AMZN and AAPL at some point rather than trying to hold them all the way until retirement and betting that they won’t decline before then. The problem, obviously, is trying to time the top, and if obvious signs of decline start to kick in, the market will certainly react.
+
+I’m just trying to think about how I should play these blue chips over the course of multiple decades. I plan to hold things like VTI essentially forever, but MSFT and AMZN and etc.? Although I think they’re great stocks right now, what do I do in 20 years when they drop because new companies came along and started outdoing them? It’s not really worth stressing about, obviously, but I like to think about these things.
+As the title says, things like choosing an ethical banking provider, fossil fuel free investment funds, boycotting shops and retailers which treat their workers poorly and so on; even if such choices aren't the market's 'best buys'?
+The shills and excessively smooth brained have conditioned you to think MOASS will be a sudden, one time event, and everything will snap back to reality abruptly. You think Ryan issues a NFT dividend, we ascend into the stars, the price comes crashing back down to earth and our favorite store survives. 
+
+Except Ryan is using Gamestop to change several different aspects of life. A marketplace where digital media can have supply based value (and resale value) is only the beginning. Shifting investments to the blockchain will prove so successful for protecting Gamestop from malicious shorting attacks, it will spread. We will see a new parallel to the NYSE in the marketplace Gamestop designs. One where every share must be accounted for at the moment of sale. Gamestop will host the largest investment marketplace in the world. One not limited to individual countries segregated markets. 
+
+But thats not all... I think these are just preliminary steps toward Gamestop developing the Oasis as anyone who has seen the film Ready Player One knows it as. A digital world where you can bring all of your digital assets and utilize them at your will. Assets can be used across platforms. One day these micro-transactions in our games will get you assets beyond just that one game, but instead you can take them anywhere. This world and its economy will explode in a similar magnitude to crypto, creating a digital work environment, and a massive opportunity at growth. 
+
+Gamestop isnt going from 6$ -> 69,420,000 -> 20$
+
+Berkshire hathaway is an investment firm working inside the marketplace. Gamestop will BE the marketplace in this new era. Stop comparing them to Amazons retail value... we are blowing past that. Past the value of the entire portfolio of wall street. We are heading toward managing a globally accessible, digital economy... the US dollar in its entirety is maybe the closest thing to the size we are looking at. Even that is a modest comparison.
+
+Guys, Gamestop isnt stopping at the moon. Ryan has prepared a layover for those who get scared by their first trip in space and need a little bit to collect themselves, but the rest of us already have tickets to Alpha Centauri and beyond. 
+
+Imagine thinking you are the champion that sold all of your shares at the peak of 69,420,000, just to watch gamestop shares become the gold standard in the new economy. Dont kid yourself about buying back in on the backside guys. There wont be a backside to this trip. 
+
+Knowing this, it occurs to me that every single Sunday evening such as now, I can relish in the deserved hype coming just hours away.
+
+Edit: not going to call you out individually, but I see both the shills AND the excessively retarded found their way to my post. I appreciate when you put the makeup on yourselves 🤡
+Good afternoon fatFire
+
+I was hoping to get context from members of this community on their experience joining an old-money country club. (This post was inspired by another)
+
+Context - I live near LA right now, I came from an Asian country(moved over for my 2 kids' education) in the jewelry Bussines. I came from a low-class background(my dad was a blue collared worker) but have in the last decade climbed the ladder.  I have practically achieved fatFIRE in my early 40s. With a kid in grade school and a 14-year-old who I hope is able to hone his skills in whatever sports he is interested in, the country club seems like the right choice for us. Speaking with some friends, I learned of a club around 10 minutes away that offered a decent golf course and other facilities.  I got some background information on the club, and it looks like an initiation seems to be around 200k, and I estimate annuals are around 15k. 
+
+So here's the issue: Hearing about the members, they seem to have grown up in country clubs. With all that said, I'm worried about fitting in with the old-money crowd(worried for my kids as well). The purpose is for my kids to have role models to look up to and to be able to relax through sports and other activities. 
+
+Am I worried for nothing?
+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?
+# 🟣 $GME shares Direct Registered at Computershare Update! -- As of April 30 -- 12.7 MILLION!!!🟣
+
+https://preview.redd.it/bdqqp1hvcy891.png?width=641&format=png&auto=webp&s=9be8a0e695f66e4390c2f06df1dec2567a8831d6
+
+**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.**
+
+[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/)
+
+[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3)
+
+[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3)
+
+**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions.
+
+**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)
+
+[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/)
+
+[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716)
+
+[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3)
+
+[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system)
+
+When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer.
+
+What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS!
+
+From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\*
+
+link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg)
+
+link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)
+
+FAQs
+
+**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there.
+
+**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account.
+
+If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two.
+
+**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle.
+
+If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us)
+
+[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/)
+
+How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you.
+
+**Book vs Plan**
+
+Both plan and Book are removed from the DTC and are registered in your name. But there are two key differences between plan and book:
+
+1. Plan shares automatically re-invest any CASH based dividends (this does not apply to stock or crypto based dividends)
+2. Plan shares are held in a pool with Computershare. This means they can allow for fractional shares. Even the fractional shares are registered in your name and removed from the DTC. (So you can only convert whole shares to Book).
+
+Transferred shares are automatically "book", and when you buy directly through Computershare they are automatically set to "plan".
+
+**Transfer Request forms**
+
+[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf)
+
+[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf)
+
+[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert)
+
+[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS)
+
+[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us)
+
+**Guides for various brokers**
+
+[IRA Guide using Mainstar as a custodian](https://www.reddit.com/r/Superstonk/comments/ub4e95/ira_drs_visual_guide_traditional_and_roth_sdira/?utm_source=share&utm_medium=web2x&context=3)
+
+[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH)
+
+[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/)
+
+[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3)
+
+Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/)
+
+**How to DRS from Vanguard**
+
+Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325
+
+Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare.
+
+Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare.
+
+**To Contact GME dept in Computershare - 800 522 6645**
+
+or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry)
+
+**International number - 00800-3823-3823**
+
+If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜!
+
+To reduce clutter I will remove off-topic comments.
+
+[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78)
+
+To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9)
+I just lost $1100 today. I know, it's not a lot by many people's standards. It's not life changing, I still have enough capital to come back tomorrow. But it hurts so badly... it feels like I've lost it all, everything that I've worked for for the past 2 years.
+
+To give you a bit of context, I have a decent account, large enough to break PDT but I trade with super small size whilst I'm unprofitable and still in the learning curve. Or at least, that's what I like to tell myself. I would normally risk $5-10 per trade and get a bit more aggressive if my PnL is in a good spot for the day. Well, today I was easily risking 10-15x times and I was all over the place.
+
+How did this happen? Because whilst I've built good habits over the past few months, I've built a bad one too: revenge trading with bigger size. Down 2R? Risk twice as much. Down 5R? Risk five times what I normally would. And it worked great about 5 times where I've raised myself from being down 20-30R to merely making a profit, but ending the day with no loss. Obviously, that's a beginner's mistake and counter-intuitive and absolutely stupid. Of course I knew that, but did I listen to myself? Of course not.
+
+And it's especially painful because the previous month was my first profitable live trading month. Made about $90 (again, not much, but was really proud of the achievement) and today, after less than 5 days in the new month (I don't count start of month on 1st), I was up already twice that. I was in awe, was on top of the world, felt like a king. But greediness has its way of biting back. Wanna know how I lost control? I was up $14 and felt it just wasn't enough as the previous days I had done $30-40 and, don't know what I was thinking, that from now on, it's only gonna be higher and higher daily PnL!? What a f\*cking degenerate I am...
+
+But I guess I was bound to learn this lesson. The sooner, the better I guess.
+Everyone here who has a bit of experience should know that day trading requires consistent discipline in order to reach consistent profitability. Of course, if it was that easy to reach that level, we’d all be there already. The worst trap to fall into is gambling, but oftentimes, we won’t catch ourselves until we’ve actually fallen in, and no one is immune from developing such an addiction. Thus, let’s see if we can spot the signs before it’s too late. Here are a few tendencies to watch out for…
+
+1) When you lose, do you feel the need to win your losses back?
+
+Instinctively, all of us probably will say “yes.” However, the difference is that some of us will act on it, which often makes our losses bigger. The worst will keep going until the losses become so big that they can no longer take the pain and/or have run out of capital.
+
+2) When you win, do you feel the itch to keep winning?
+
+Disciplined traders know when to stop and understand that the potential to mess up is just as high as the potential to win again. If it’s difficult to stop when you’re “on a roll,” take a step back and recognize the unhealthy mindset developing.
+
+3) Do you try to time the top or bottom of a move?
+
+Every trade has an entry, stop, and target(s) that should be planned in advance and stuck to during the trade. If price hits a/the target, but you’re holding for more too frequently, watch out, because you may just be letting gambler’s greed override your plan. It’s impossible to always time the exact top and bottom of a move, so don’t try to chase the extremes.
+
+4) Do you constantly think “I could’ve had more if I only held”?
+
+This ties into the desire to time the extremes in #3 above. Now, if you got out early because you weren’t disciplined enough to hold until your profit target(s), that’s one thing. If you took profits at your target(s), but constantly wish you held until the exact top or bottom, step back and straighten out your mind.
+
+Hope these help. Feel free to add your own.
+I have been trading with binance futures for 3 months now and until now I have accumulated a loss of $1300. I know daytrading is a skill that takes time to master.
+But I am so demotivated. What kept you going and when did you start making profit?
+Just a fella in need of some motivation and realtalk
+[Berkshire Hathaway’s annual report](https://www.berkshirehathaway.com/2020ar/2020ar.pdf) shows a 2.4% annual performance where S&P500 performed 18.4%. 
+
+Still the numbers on page 2 are mind boggling.
+Which Canadian stocks will benefit from us weed legalization and why? And does having a big facility/warehouse in the U.S. benefit the Canadian companies because the storage capacity/inventory is already there and that makes it an advantage? Or it's not a big deal? Thanks.
+A post popped up on my feed from the popcorn sub so I decided to go take a look. I saw some people discussing DRS and the comment "We don't have to DRS because the GME guys are doing it" made me chuckle initially, but ultimately gave me an aha moment. They believe in GME's investor base more than their own and know we are going to lock this up.
+
+They see that 195k people believe in their company so much that they're willing to take the road never traveled to show their commitment. We aren't just complaining about crime and waiting for something happen, but actually taking action.
+
+I see purple circle posts daily on this sub and honestly I hardly even read the lengthy DD anymore because I know we are doing what is necessary to prove that the shorts never closed and that millions of synthetic shares have been created. Keep the purple circle posts coming and I will upvote every single one and award what I can. I freaking love them!
+Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
+Does anyone use this strategy? There’s a lot of stocks out there where you can get a fire and forget 15% on a LEAPS at the money covered call. You pump in the money, you wait. Theta decays very slowly or delta wins but either way, you get a 15% cost basis reduction or a 15% gain.
+
+Thoughts? Stupid?
+Thank you in advance for your help! Been doing basic puts/calls and started debit spreads with help at r/options. Using theta to your advantage seems to be the best sustainable profit strategy. 
+
+Is my understanding below roughly accurate? I gathered this based on examples and guidance here. I understand each person has personal preference on DTE, etc. Just looking for confirmation this is high level a good understanding to try my first. 
+
+Theta Strategies
+
+—Covered Calls (CC)—
+- Sell OTM calls on stock you own
+- 16 Delta seems to optimize P/L with relatively low % missed profits.
+
+—Cash Secured Puts (CSP)—
+- Sell ATM or OTM with enough cash to cover.
+- DTE: 30-45
+- Delta: 16-30 (0.16 or 16% chance of being ITM/assigned)
+
+—Put Credit Spreads (PCS)—
+- DTE: 30-45
+- Delta: 16-30
+- Sell ATM Put
+- Buy further OTM Put
+- Close at 50% gain
+
+—Wheel—
+
+Pick stock that you are bullish on and think will rise long term. Pick a stock with a price where you are able to afford assignment.
+- Sell a CSP
+- Premium should be at least 1% of stocks price
+- If expired worthless, repeat until assigned
+- If expired ITM, sell CC
+- Turn the Wheel
+
+Thanks again! I greatly appreciate the help.
+Currently, selling the Nov $80 put and Dec $185 call nets $75.50 in premium.  Placing breakevens at $4.50 and $260.5. If nothing else this is an interesting development to watch unfold.
+Seeking some advice on this. 
+
+I'm currently using Alpaca because the API is extremely easy to use for a decent python user like myself and I pay a fixed rate of $50/month instead of trade commissions. I also pay $200/month for real time market data from Polygon.  
+
+But I'm thinking about switching to IBKR because it has a larger catalogue of stocks to buy and and I'm skeptical of Alpaca's order execution. Today a limit order did not execute in my paper trading account despite the price going below my limit price. Maybe this would have been executed in a real trading account - not sure. But I've heard IBKR is pretty stellar when it comes to execution. I also know I can get market data from IBKR but the pricing is confusing and I'm not sure whether it will end up being more expensive than polygon (I need one full market snapshot each morning of previous day's close and volume, and current day's open price. I also need to track the real time price of 500-2000 stocks each day. If anyone knows around how much that would cost per month through IBKR's feed that would be super helpful!)
+
+Any other thoughts? Thanks folks.
+
+EDIT: I have also noticed that Alpaca does not provide access to a lot of the stocks that my strategy trades in its backtest. I imagine that IBKR probably has a larger selection of stocks, but I'm not sure. Would any IBKR users be willing to provide me with a list of stocks they have available? And for anyone who needs it here's a downlink to a numpy file with a list of all 12,000 stocks currently available on Alpaca: https://www.dropbox.com/s/h9sjrwj3p24g93k/alpaca_syms.npy?dl=1
+From your personal experience, how long does your edge last on average?
+
+From my research, short term swing trading systems (1-10 days holding period) can last for several years.
+I bought a 2 bed, narrow terraced house in zone 2/3 London for ~£400k in 2018, and have lived here without having done much aside from the odd paint job. I'll be here for another 5+ years. As is, the house is liveable but I don't enjoy it. I crave quiet, enclosed rooms and an outdoor space (a side effect of WFH/lockdown). I'm now in a good financial position to get my crumbling bathroom replaced and refresh my tired kitchen. I've budgeted £15k for this.
+
+I'm considering an alternative - [rejigging the entire ground floor](https://imgur.com/ZvqBBDH) so that the space is better utilised (there is no room upstairs for a bathroom). It'll transform the way I use the house, but will likely cost upwards of £40k. I'd need a loan, but I have £2.5k/month disposable income after all regular outgoings, so it's not a huge impact for me long-term.
+
+Would it be a sound investment for when I come to sell, or am I being rash and letting the lockdown influence my judgement? The current ceiling price on my street is £450k. There are some houses a few streets away who have done what I plan and sold this year for £495k, but they're also 5min closer to a zone 2 tube station so it's not a fair comparison.
+> The SEC said it learned last month there may have been unspecified illegal trading related to the hack. The agency didn’t disclose when the hack occurred, when it was detected and what information hackers accessed.
+
+today in schadenfreude
+
+> SEC Chairman Jay Clayton, a Trump appointee who joined the Commission in May, brought up the severity of cyberrisk in his first major speech in July.
+
+and of course Congress played its part
+
+> The Edgar hack occurred two years after Congress slashed half of the $50 million the SEC set aside for technology initiatives. The agency relies on Congress for its funding.
+
+[source](https://www.wsj.com/articles/hack-response-opens-sec-to-criticism-1506024730)
+(Bloomberg) -- MicroStrategy Inc. founder and Chief Executive Officer Michael Saylor’s big bet on Bitcoin has backfired in a major way as the paper loss for his firm’s holdings of the largest digital asset has reached roughly $1 billion.
+
+Most Read from Bloomberg
+
+* [China Alarms US With Private Warnings to Avoid Taiwan Strait](https://www.bloomberg.com/news/articles/2022-06-12/china-alarms-us-with-new-private-warnings-to-avoid-taiwan-strait?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)
+* [Stocks’ Pandemic Bull Run Ends With Recession Fear: Markets Wrap](https://www.bloomberg.com/news/articles/2022-06-12/inflation-thunderbolt-primes-stocks-bonds-for-more-volatility?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)
+* [Crypto Market Sinks Below $1 Trillion After Latest DeFi Blowup](https://www.bloomberg.com/news/articles/2022-06-13/bitcoin-sinks-to-18-month-low-as-us-inflation-impact-spreads?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)
+* [Bond Yields, Dollar Surge With Fed Bets as Recession Risk Grows](https://www.bloomberg.com/news/articles/2022-06-13/a-fed-rate-hike-of-75-basis-points-is-a-done-deal-for-traders?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)
+* [Crypto Debacle at Celsius Rattles Market Already Shaken by Terra](https://www.bloomberg.com/news/articles/2022-06-13/crypto-lender-celsius-freezes-withdrawals-fueling-market-rout?utm_campaign=bn&utm_medium=distro&utm_source=yahooUS)
+
+Over the last two years the software-maker has shelled out $3.97 billion as it amassed nearly 130,000 Bitcoins. The firm’s average purchase price for those tokens has steadily risen with each additional purchase since 2020 and sits at $30,700 as of March 31, according to its latest quarterly filing with the US Securities and Exchange Commission.
+
+READ: Crypto Debacle at Celsius Rattles Market Already Shaken by Terra
+
+With Bitcoin plunging by as much as 17% to $22,603 on Monday after crypto lender Celsius Network Ltd. paused withdrawals, swaps and transfers on its platform, MicroStrategy’s holdings are now worth just over $3 billion. That puts the company’s Bitcoin related losses at nearly $1 billion.
+
+MicroStrategy plunged 25% to $152.15 on Monday as part of broader route by cryptocurrency-exposed stocks. Shares of company have become highly correlated with Bitcoin since Saylor started adding the digital currency to its balance sheet in August 2020 as a hedge against inflation instead of holding cash in the corporate treasury.
+
+The Tysons Corner, Virginia-based company was worth $1.2 billion on Aug. 10, 2020, the day before it announced its foray into crypto. Saylor appeared to be unfazed with the latest Bitcoin drop, sending tweets over Twitter that seemed to signify his confidence in the strategy.
+Using CNBC as I'm not seeing a better source at the moment.
+
+https://www.cnbc.com/2021/06/07/deutsche-bank-warns-of-global-time-bomb-coming-due-to-rising-inflation.html
+
+Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists.
+
+In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term then in 2023 and beyond.
+
+The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation for the sake of a full and inclusive recovery. The firm contends that the Fed’s intention not to tighten policy until inflation shows a sustained rise will have dire impacts.
+
+“The consequence of delay will be greater disruption of economic and financial activity than would be otherwise be the case when the Fed does finally act,” Deutsche’s chief economist, David Folkerts-Landau, and others wrote. “In turn, this could create a significant recession and set off a chain of financial distress around the world, particularly in emerging markets.”
+
+As part of its approach to inflation, the Fed won’t raise interest rates or curtail its asset purchase program until it sees “substantial further progress” toward its inclusive goals. Multiple central bank officials have said they are not near those objectives.
+
+In the meantime, indicators such as the consumer price and personal consumption expenditures price indices are well above the Fed’s 2% inflation goal. Policymakers say the current rise in inflation is temporary and will abate once supply disruptions and base effects from the early months of the coronavirus pandemic crisis wear off.
+
+The Deutsche team disagrees, saying that aggressive stimulus and fundamental economic changes will present inflation ahead that the Fed will be ill-prepared to address.
+
+“It may take a year longer until 2023 but inflation will re-emerge. And while it is admirable that this
+patience is due to the fact that the Fed’s priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb,” Folkerts-Landau said. “The effects could be devastating, particularly for the most vulnerable in society.”
+
+Most on the Street see tame inflation
+To be sure, the Deutsche position is not widely held by economists.
+
+Most on Wall Street agree with the Fed’s view that current inflation pressures are transitory, and they doubt there will be any policy changes soon.
+
+Jan Hatzius, chief economist at Goldman Sachs, said there are “strong reasons” to support the position. One he cites is the likelihood that the expiration of enhanced unemployment benefits will send workers back to their jobs in the coming months, easing wage pressures.
+
+On price pressures in general, Hatzius said that much of current spike is being driven by “the unprecedented role of outliers” that will ebb and bring levels back closer to normal.
+
+“All this suggests that Fed officials can stick with their plan to exit only very gradually from the easy current policy stance,” Hatzius wrote.
+
+That will be a mistake, according to the Deutsche view.
+
+Congress has approved more than $5 trillion in pandemic-related stimulus so far, and the Fed has nearly doubled its balance sheet, through monthly asset purchases, to just shy of $8 trillion. The stimulus continues to come through even with an economy that is expected to grow at about a 10% pace in the second quarter and an employment picture that has added an average 478,000 jobs a month in 2021.
+
+“Never before have we seen such coordinated expansionary fiscal and monetary policy. This will continue as output moves above potential,” Folkers-Landau said. “This is why this time is different for inflation.”
+
+The Deutsche team said the coming inflation could resemble the 1970s experience, a decade during which inflation averaged nearly 7% and was well into double digits at various times. Soaring food and energy prices along with the end of price controls helped push that era’s soaring inflation.
+
+Then-Fed Chairman Paul Volcker led the effort to squash inflation then, but needed to use dramatic interest rate hikes that triggered a recession. The Deutsche team worries that such a scenario could play out again.
+
+“Already, many sources of rising prices are filtering through into the US economy. Even if they are transitory on paper, they may feed into expectations just as they did in the 1970s,” they said. “The risk then, is that even if they are only embedded for a few months they may be difficult to contain, especially with stimulus so high.”
+
+The firm said interest rate hikes could “cause havoc in a debt-heavy world,” with financial crises likely particularly in emerging economies where growth won’t be able to overcome higher financing costs.
+Anyone starting to have second thoughts on any of your long-term holds? 
+
+I was a VET fanboy a few months ago, but now I'm wondering if real-world application will ever turn into real-world profits for my wallet. Long-term, I can see it going up with the market, albeit lagging, but I don't see any of the announced usage having any affect on price.  Same with ACH.  
+
+Sure, we'll make money down the road, but how much are we losing by limiting our ability to buy into more profitable assets?  Is it worth it to you to stick with a project because you want to support the technology even if it means missing out on the moonshots, or even just higher profits with a safer investment?
+Guten Morgen to this global band of Apes! 👋🦍
+
+Many of you know that low volume jacks my tits.
+New records for low volume even more so.
+Upward price movement on record low volume?
+That is *risky* levels of tit-jacking.
+
+As institutional ownership has gone down, we've seen retail ownership increasing.
+This has previously manifested as the DRS percentage going backward, since the institutional shares weren't as 'locked' as our DRS'd shares are.
+However, I think that it also means that we see less churn of shares between institutions.
+This results in lower volume, particularly because nobody is selling from ComputerShare.
+The further we push the DRS percentage upward, the lower I expect the volume to be.
+
+This week has been particularly exciting, considering the signals we're seeing that the SHFs are desperate and GME is thriving.
+Will we see any additional clues before the weekend?
+
+Today is Friday, September 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- ⬜ 120 minutes in: **$28.11 / 28,13 €**  *(volume: 4646)*
+- ⬜ 115 minutes in: $28.11 / 28,13 €  *(volume: 4144)*
+- ⬜ 110 minutes in: $28.11 / 28,13 €  *(volume: 3750)*
+- 🟩 105 minutes in: $28.11 / 28,13 €  *(volume: 3740)*
+- 🟥 100 minutes in: $28.10 / 28,13 €  *(volume: 3715)*
+- ⬜ 95 minutes in: $28.12 / 28,14 €  *(volume: 3690)*
+- 🟥 90 minutes in: $28.12 / 28,14 €  *(volume: 3690)*
+- 🟩 85 minutes in: $28.32 / 28,35 €  *(volume: 2192)*
+- 🟩 80 minutes in: $28.13 / 28,16 €  *(volume: 2017)*
+- 🟩 75 minutes in: $28.13 / 28,15 €  *(volume: 1997)*
+- 🟥 70 minutes in: $27.91 / 27,93 €  *(volume: 1497)*
+- 🟩 65 minutes in: $27.97 / 27,99 €  *(volume: 1497)*
+- 🟩 60 minutes in: $27.96 / 27,98 €  *(volume: 1497)*
+- 🟥 55 minutes in: $27.96 / 27,98 €  *(volume: 1497)*
+- 🟥 50 minutes in: $28.09 / 28,11 €  *(volume: 1068)*
+- 🟩 45 minutes in: $28.09 / 28,11 €  *(volume: 1066)*
+- 🟥 40 minutes in: $28.09 / 28,11 €  *(volume: 1066)*
+- 🟥 35 minutes in: $28.09 / 28,11 €  *(volume: 1051)*
+- 🟥 30 minutes in: $28.09 / 28,11 €  *(volume: 1051)*
+- 🟩 25 minutes in: $28.11 / 28,13 €  *(volume: 1051)*
+- 🟩 20 minutes in: $28.11 / 28,13 €  *(volume: 1051)*
+- 🟥 15 minutes in: $28.10 / 28,12 €  *(volume: 344)*
+- 🟩 10 minutes in: $28.11 / 28,13 €  *(volume: 336)*
+- 🟩 5 minutes in: $28.10 / 28,12 €  *(volume: 319)*
+- 🟥 0 minutes in: $28.09 / 28,11 €  *(volume: 315)*
+- 🟩 US close price: $28.61 / 28,63 €   *($28.22 / 28,24 € 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 0.9992. 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!
+Title: $1mm NW at 29 Software Sales FIRE Journey
+
+Wanted to share my journey to FIRE and long term plans in case anyone else was curious about options to hit FI fast or FatFIRE without becoming an engineer, lawyer, or going FAANG.  For the majority of my career I’ve worked in software as a service (SaaS) sales.  /r/financial independence didn't show me any love, hopefully it's more appropriate here.  
+
+Lost my job in December after some management changes, took a sabbatical for 4 months, and started a new one about 4 months ago.  Last gig was mid-market sales and I was driven to be the top rep.  There was a very quarterly driven cadence and I much preferred to work major deals or ones that would feed me in the future.  I succeeded, getting rep of the year in 2019, #1 out of 140 with $6mm in total contract value.  Then I was fired 8 months later for performance. My 2020 numbers slipped with COVID, what have you done for me lately?
+
+The sabbatical put everything into perspective.  Rise and grind is a toxic attitude and taking time away from sales culture made me realize I was addicted to working.  Sales glorifies folks working on their days off, going to ridiculous lengths to close a deal, and spending your money as soon as you get it.  Stories available by request for each.  As the saying goes, a sales manager loves when his reps have a baby, a luxury car payment, and an addiction.  Taking time off then working from home to get away from it made me like myself more as a person.  That said, Sales is absolutely the right career move to get to FIRE as fast as possible without investing years to learn a new skill like coding.  I don’t regret it. 
+
+Now taking a much more laid back approach to work since I realized the stress wasn’t worth it.   New job is Enterprise sales and much more long-term focused.  While the accounts are bigger and the problems more complex, it’s much easier for me to deep dive learn the business of a handful of companies than dozens.  
+
+I can make $400k+ grinding 60+ hours per week including Sundays, riding around in Ubers 7am-8pm for face to face meetings, drinks, and dinners, or I can make $250k-$350k doing it from home starting at 8, cutting out at 5pm (3 on Fridays), going to the gym, and getting a good night sleep.  Competing to be a top performer is stressful.  Chilling out and helping people with the problems they’re explicitly trying to solve is not.  
+
+
+**Goals**
+
+Retire at 32 so my partner can take an international job which moves around every 2 years and I can get promoted to trophy husband.  I’d like to get to $1.6mm before then, but I’d be ok with doing FIREing at $1.3mm since housing will be taken care of by her gig.  Game plan is to find a fun job to keep me busy 10-20 hours per week, get more serious about a hobby like writing or cooking, or volunteer.  
+
+**My Story**
+
+**2014: Income - $30k.  Assets at EoY - $5k. Spent - Unknown.  Debt - $30k**
+
+Graduated from an instate undergrad in 2013 with $30k of debt. Spent 5 months looking for a job, eventually landed at a branch of a bank opening business bank accounts ,credit cards, etc. Started mid-year at a salary of $45k + Bonus.  Pretty much treading water
+
+**2015: Income - $60k.  Assets at EoY - $10k.  Spent - $36k.  Debt - $20k**
+
+Small raise, left the bank, joined a software company selling data software.  Technical proficiency was a big part of the role and I had a background in statistics from my undergrad, but had to learn the basics of selling over the phone B2B.  Salary of $45k with an on target earnings (OTE) of $76k.  
+
+
+**2016: Income - $115k  Assets at EoY - $50k.  Spent - $35k.  Debt - $0**
+
+Small raise, but commission really made a big difference.  Used 1 commission check to pay off all of my remaining student debt.  Ended up getting top rep of 120, maxing out my 401k, ESPP, Roth IRA, and getting a few RSUs.  
+
+
+**2017: Income - $140k.  Assets at EoY - $130k.  Spent - $38k**
+
+New job at a Series A startup with the promise of a $365k OTE and a base of $100k.  Dun goofed, this was not the right spot and I ended up hating it.  After struggling for multiple months I got saddled with the Christian Right Wing vertical where I found a ton of success despite being an LGBT atheist Democrat (political software).  Out of the 16 people I started with in Sales only 7 hadn’t been fired by the CEO or left because they were morally against what the company was doing.  After 2 bosses got fired, the Controller delaying commission checks because “I think you sales people get paid too much,” and having to do deal reviews with an operations director who had no experience selling I knew my time was over here.  Learned not to work at super early stage startups and all the weird rules of back door IRAs.
+
+**2018: Income - $160k.  Assets at EoY - $234k.  Spent - $40.5k**
+
+New job at a best in breed company.  In my first year win a few accolades, speak at our annual kick off conference, and building a solid book of business for next year.  New company offers a mega backdoor 401k, start maxing it out along with the above.  
+
+
+**2019: Income - $415k.  Assets at EoY - $606k*.  Spent: $42.5k**
+
+Things come together.  Close my first $1mm+ deal, then closed another one 8 months later.  Tons of accolades, talks of big promotions, and lots of prestige.  My partner started grad school so my rent went up significantly.
+
+* I think this number might have pulled forward some of the last few years assets since I did a bunch of consolidation and Mint doesn’t do well with this sort of thing.  
+
+
+**2020: Income - $340k.  Assets at EoY: $880k.  Spent - $44.5k**
+
+Offered a promotion in January, but turned it down for a variety of personal and professional reasons.  Tax man cometh, owed 35k in April.  Verbally offered a much bigger promotion I planned to accept in July which ultimately a new VP blocked.  That should have been the writing on the wall, but I had a rough half because of COVID and was recently let go.  That evening a C-suite client I’d been working with texted and emailed me asking if I was ok and immediately offered to connect me with his sales leadership if I wanted a job.  
+
+
+**2021: Income: Tracking for $250k, assets today: $1mm.  Spent - On track for $45.5k**
+
+Received competing offers from 2 companies, one a start up and one a well established player.  Decided I was done with the stress that comes with building a team so took the established player despite it being $15k less.  Negotiated a 4 month sabbatical so I could unwind.  Spent that time hiking, reading (up to 43 books so far this year), practicing my hobbies like chess, handwriting (was chicken scratch), working out, and cooking.  Travelled a little, spent a ton of time with my family, recorded an interview with my mom about her childhood (favorite part), and visited my partner at grad school.  New job is good, though it has it’s bullshit.  Tax Man Cometh again.  Owed the IRS $35k in 2021.  Partner got a job that should lead us to living abroad in a few years when I retire.
+
+
+**Spending:**
+
+Tended to live on the road for work so got all of my weeknight dining and happy hours (entertainment or peer coaching) taken care of by the company.  Pre-COVID almost all the companies I’ve worked for provided breakfast and lunch.  All the same my partner and I like to do a fancy dinner once a quarter and take out once a week.  We’ve gotten a free vacation from my work 3/6 years which we like to extend.  On the years we don’t we’ve done a reasonably priced vacation of about $1000-$2000/person almost always paid for with points. 
+
+
+**Lifestyle Inflation:**
+
+I’m a regular at a local watering hole that used to cost $4/beer when I moved here and now charges $12.  Rent has gone up because I used to live with my partner but she’s in grad school.  When I moved here I was paying $750/month, now it’s $2,000/month.  When I first graduated making ~50k/year I lived on about $32k after taxes.  Last year after making 340k I spent $44k.  Now that my partner is back I’ll probably land closer to $35-$40k per year.
+
+
+Over the last 3 years I purchased 2 luxury watches that set me back a total of $51k.  Had both of them assessed this weekend and was offered a total of $74k.  Selling on the private market they’re worth closer to $93k.  These purchases were excluded from my annual spend metrics since they represent one-off purchases and would completely skew the numbers.  
+
+
+Overall I could have definitely spent less on food, booze, and toys.  Know I could keep grinding at this and have $10m+ after 20 years, but I think 50 year old me would want the 20 years of freedom more.
+Hi all,
+
+Seen lots of posts on here about investments and noticed quite often the same few options come up. Out of curiosity do you invest in anything less traditional on the side as a bit of fun?
+
+My boyfriend and I are Magic The Gathering players and absolutely adore the game. Over the years we've bought and sold a few things here and there across various gaming franchises but recently we have started investing just for fun into a small amount into MTG boxes.
+
+Every quarterly release we buy a couple of new boxes (£200 - £300) to keep aside using Klarna so each month we pay 1/3 rather than a chunk every quarter. Generally these will double in value every 5 years so we are looking to make returns of about £1.6k a year from £800 on the lower end. Not going to change our long term finances but we honestly are doing it for a bit of fun and accepted doubling our money over 5 years is feasible on the most part. You do get some releases that will barely increase in value (but pretty much guaranteed to beat inflation) but more often you find that some will triple or quadruple. There are some YouTube channels where they buy pallets of boxes for investments and we will never get to that level and we also have friends who buy them to invest but ALWAYS give in and open them. We don't really know anyone who is doing what we do on such a small scale!
+
+I know this is probably going to anger some serious investors on here as that money could potentially be put elsewhere but it comes out of our "fun money" and is really just a bit of fun! We are almost guaranteed to make back what we paid plus inflation and spend hours working together on what we should get next so is a team effort.
+
+Just curious what other areas people enjoy having a dabble in knowing it's not going to change their retirement plans!
+I will be buying my first apartment in QLD shortly. I have never owned an apartment before, house yes, so looking for do's and dont's, things to be aware of with Body Corp, etc. Just trying to gather info to steer clear of any common mistakes.
+Hi, hoping for a couple of opinions and maybe a story to help me feel less hopeless. 
+
+Basically, it’s looking like it will be hard for me to get my mortgage refinanced after divorce. I have 5 teenage kids all living with me. 
+
+I have no super and while I earn good money now it’s in a dying industry and I have maybe a year or two left at a guess. I have no trade or qualifications I’ve always worked shit jobs that pay alright. 
+
+I wanted to keep the house for the benefits it would give me in retirement, it would have been paid off in 14 years. Now I’m wondering if I’d be better off selling and having around 150k behind me to start building a future. Back to school, invest… I don’t know.
+
+We always struggled as a young family which never really bothered me, I knew our turn would come. When it did my ex spent as much as she could for as long as she could then left. I feel hopeless for being 44 and having basically nothing. I’m scared of what my life will be if I have to rent but the thought of having a decent amount behind me is attractive, I’d have to pay my mortgage into my 70s at this point anyway. 
+
+Any advice or even just letting me know of a similar circumstance that turned out ok would be what I need right now. 
+
+Thanks in advance.
+
+*Edit* - This got way more attention than I thought it would. I could have been clearer in my details but I’ve gotten the answer I was after. Huge thanks to everyone who took time to reply.
+An average wage in Australia is about $50-$60k a year, the average rent in most cities is $500 a week. How do people even afford that? How do single people who live alone afford this. 
+
+This has me spiralling.
+Been studying REI for about a year now, and I think I'm ready to pull the trigger. Wife and I are in our early 30s and looking to start down a road that will lead us to financial independence and maybe early retirement if we want.
+
+We have around $100k to invest right now. Wife is pretty apprehensive to real estate because some family members have been burned by some deals, so I'm trying to get her on board slowly before really diving in. Here is my simple plan I will lay out for her to get us going.
+
+With the $100k I plan on buying one house just straight up with a conventional loan. I'll keep the numbers extremely simple. Look to buy a $100k house with 20% down. I'll look for a house that'll need a little bit of work, but not a ton. Let's say $15k. So we will be in at $35k and in our area the mortgage will be \~$550 on a 30 year 3.75% rate. I would turn it over to a property manager. I'd hope to collect $1100-1200 in rent, pay the mortgage, and cash flow just a little bit every month. If all goes well, we will have around $60-65k left to invest, so if she's down, we would just do the same process all over again, and keep doing it every time we get around $35-40k to invest.
+
+The benefits of keeping it simple are principal paydown, tax write-offs, appreciation, build an emergency fund for the house for large capex things, and a little bit of cash flow. I'd eventually like to get into BRRR and multi-family stuff, but I think for a couple years of just keeping it simple. Am I missing anything in this plan or do the numbers seem wildly off?
+
+Edit: Forgot to mention would turn it over to property manager to make it a little more passive.
+From my understanding, inflation is caused when there are more dollars in circulation than before, and since there is a fixed number of 'goods', each dollar is worth less (or assets are worth more). 
+
+If this is true, doesn't inflation directly benefit people *with* assets, while hurting those without assets?  If each dollar is worth less, everyone's paycheck has less purchasing power, but equities raise in price, (usually), along with land, metals, etc.  So those with assets get richer, and those without assets, and living pay check to paycheck, lose more and more purchasing power...
+
+Is my reasoning correct, or am I missing something?  
+So I’m hopefully not violating any rules here, but I’m a transit user and keep seeing TriMet’s (slightly desperate) ads for bus drivers and thinking that it could be a good way for someone to make a positive change. 
+
+Apparently you **don’t** need to have a CDL to apply (they pay for training on the job), you just have to get a CDL permit (OR or WA) before starting employment.
+
+They’re even doing virtual hiring fairs, so applicants can be from out-of-state. The $7500 signing bonus could cover moving expenses.
+
+The job also comes with full benefits and a guaranteed salary increase to $68k/year in three years. 
+
+Caveat: Portland is weird-*ish* (we’re not as Portlandia as we used to be) and our local and state taxes might shock anyone from a red or purple state—but we have excellent infrastructure and services. Housing is at a premium, so it’s not cheap; but, food and utilities are (mostly) very affordable and we have no sales tax.
+
+Anyway, just wanted to share in case it was a good fit for someone here.
+Hey Superstonk! I’m the Executive Producer of Gods Unchained, Daniel Paez. I’m excited to be here today to answer the Superstonk community’s questions about web3, the games industry, and of course I’ll do my best to share some tips on how you can improve your GU game! 
+
+​
+
+https://preview.redd.it/loyllc08tc5a1.png?width=1920&format=png&auto=webp&s=1c9a970ad079a146af0ed652bb8108d37e2fdcd1
+
+https://preview.redd.it/pvs5kc08tc5a1.png?width=1920&format=png&auto=webp&s=2c3726f7c586e9ddcfffb950c94148a89f6bf817
+
+https://preview.redd.it/sp8knizqtc5a1.png?width=1920&format=png&auto=webp&s=0462440ffee51fe7a7dedfc1996b9ac8281b6cd5
+
+https://preview.redd.it/i4sjladptc5a1.png?width=1920&format=png&auto=webp&s=1eaa12df7a7bb5aa43d6059124c6d6fb1d4a4411
+
+https://preview.redd.it/0wyrph08tc5a1.png?width=1920&format=png&auto=webp&s=4fbcd48cb4114ca6784df1a7dce05d62d5294f56
+
+I’ve been working in the games industry for 7 years across both web2 and web3 gaming, but I’ve been a gamer for much longer than that. I started my career at Blizzard where I got to work on titles like World of Warcraft, Hearthstone, Overwatch, Call of Duty – and even Starcraft 2, which was pretty exciting for teenage Daniel who spent a lot of time playing Starcraft on his laptop! I’m a strategy gamer first and foremost, and I feel pretty lucky that my day job means I can geek out over the same stuff. I made the leap from AAA to web3 in 2021 to seek a new design challenge in web3 game economies and commercial strategy, and to continue levelling up player experiences in this exciting new space! 
+
+You can find me on Twitter u/_Papalicious_   
+
+
+https://reddit.com/link/zjf598/video/tatn8cs4uc5a1/player
+Today’s 25% move upwards was pure authentic buying. According to \[iborrowdesk\]([https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)), shares available for borrow did not change at all today. This shows 2 things.
+
+​
+
+ Firstly, the institutional shorts like BOfA and melvin have yet to cover, yet are getting pushed further underwater. When/If the squeeze eventually occurs, it is going to be violent. This also shows that the price dips at the 19 range was not a short attack but rather weak hands profit taking. 
+
+​
+
+Secondly, a big player is accumulating. Either it’s Cohen trying to increase his stake for takeover(he’ll have to report within 2 days), or another institution buying. Either way its bullish.
+
+​
+
+Now, heres the important part. Take a look at this chart, paying attention to the red crayon marks.
+
+​
+
+https://preview.redd.it/5i6dco7lqr661.jpg?width=3038&format=pjpg&auto=webp&s=1d2c3e40eb68b649d7d8b42eb6acff2ad4f3a970
+
+Before every console season, some idiots start shorting GME, resulting in a mini short squeeze in 2008 and  2014. At its peak, it had a share price of about $64. Now, take a look at how much higher the short interest is, and how much lower the float (total number of shares issued) is. Accounting for the same peak market cap, this gives a conservative estimate of $150 if the squeeze occurs. Note that due to the significantly higher short interest, it may very well exceed 150 by a mile.
+
+​
+
+Lastly, for the short squeeze to occur, we need to all stop being paperhanded bitches. stop fucking selling at a 20% gain when u can easily get a 10x gain. The more liquidity u give to shorters, the less violent the short squeeze.
+
+​
+
+tldr: GME to $150 provided people stop being paperhanded hoes.
+I don't mean just in terms of the recovery over the last six months... Even pre-COVID, couldn't help but hear about how PE ratios and the Shiller CAPE are near historical highs. But isn't it silly to consider those valuation signals without the context of interest rates? After all, the biggest alternative to equities is bonds. Given that bonds are near historical low yields, isn't it to be expected that stocks be at historical high valuations? The way I see it, [the spread between (stock) earnings yields and bond yields](https://www.yardeni.com/pub/valuationfed.pdf) is substantially higher than it has been in the past, implying that stocks are undervalued.
+
+4% earnings yields (25 P/E ratio) sounds terrible and like the stock market is overvalued... but only compared to the past, not compared to current alternatives (\~1% for risk-free).
+I feel naive asking this...
+
+I don't like labels, but I would say that on a list of things that interest me, most of them are liberal...
+
+I admit to making fun of Bush. I thought he was stupid. I thought he was incompetent. I disliked how him and his cabinet and cronies ran the country like w saloon in the wild west.
+
+But..
+
+It seems that for as much criticism as Obama gets (what president doesn't) that there are many who are unsatisfied with his "role" in the economic recovery.
+
+Is this country on an ever-decreasing decline that no president can ever fix? 
+
+Is this even in the hands of the president? If so, how much?
+
+
+If we account for wars and things like drug policy, are we still ever going to have a consumer/retail base that thrives as it has in the past? Will employment ever get better? Who is responsible?
+
+I ask only because it seems that many are quick to issue critiques on the capabilities of our leaders but offer few sentiments about actual things that could be done without quoting nebulous, non-specific talking points regurgitated from their favorite pundit on cable. 
+
+Would we be here if McCain was elected? 
+
+It seems to me that we would rather make our leaders scapegoats because they're easy targets with regards to certain issues. 
+A large part of establishing sustainability and social justice on a local level is having a thriving local economy. I define that as:
+
+* The totality of food staples are grown, raised, processed, and sold within a community.
+* The vast majority of consumer goods are produced, sold, etc locally.
+* Community design promotes walking and disallows the ubiquitous use of cars.
+* Electricity is produced using sustainable, renewable means within the community. (and so on)
+
+With this sustainable vision there are plenty of jobs and a solid, consistent exchange of goods and services; a thriving economy. 
+
+However, given that it is an almost entirely closed-loop system, it cannot support larger businesses. Imports become luxury items, rather than the status-quo (why pay for carrots shipped from California to the midwest, when we grow them right there?). 
+
+Effectively, the establishment of thriving local economies could reach a critical number, destroying reliance on a globalize economy and leading to its collapse. 
+
+**EDIT:**
+I forgot to make these points (I'm used to taking them for granted, but that's what a degree in Sustainable Living will do to you.)
+
+
+1. A sustainable use of natural resources is either closed-loop (all resources have to be reused in the system to prevent depletion), or only extract the annual solar energy yield (meaning a fixed limit of extractable resources). In both cases there is a natural limit to production.
+
+2. Transportation is limited to renewable energy sources. Now, global trade empires existed long before fossil fuels, however, these trade empires dealt almost entirely with luxury goods and not basic needs (which, by necessity, had to be produced locally).
+
+I didn't mean to suggest the end of all trade, and yes, global trade existed long before fossil fuels - my point, really, is that enacting sustainability would lead to the end of the trade of necessary goods and create a vastly smaller global trade, consisting entirely of luxury goods.
+
+This applies to personal investors who tried both, or anyone well informed enough to answer:
+
+In your opinion/experience, does investing in individual companies in an industry you know and keep up to date with well enough (energy, tech, etc) provide you with better returns than just an index (S&P500)?
+
+Assume you are already spending a fair amount of time staying up to date with what is going on & upcoming in the industry, so you can rule out the time factor.
+Last night a close friend of mine texted and asked me where he could unload his Ripple.  He was done.  I didn't even bother trying to give him the HODL talk for the tenth time.  
+
+I talked to him about buying Bitcoin, Litecoin, and Ripple last September.  Later in December when the market was peaking he insisted I help him get into the market.  He bought Bitcoin at $16k, Litecoin @ $300, and Ripple @ $2.50.  I told him he may want to wait until the market cools a bit, but the FOMO overwhelmed him and he bought.
+
+I spent all of January getting him through the anxiety of huge drops that he had never experienced before. Let’s face it few do have the experience.  It was tough dealing with his anxiety on top of my own as I tried to keep faith in crypto.
+
+Last night he sold everything.  I bought his last 400 Ripple for $250, which he paid almost $1000, and he was happy to get rid of them.  I added them to my bag, what’s four hundred more at this point, right? I could not believe how thankful and relieved he was when I sent him the $250.  I was really stunned that he was not upset at the loss but rather relieved from being out of the market and having something.  I asked him, “do you really think it may go to zero?” He said, “Yes, and I really don’t care anymore.” 
+
+I think we are seeing many small investors throw in their hand, especially those that got in during the December rally.  After convincing my friend in December to get into crypto, the mainstream news now has nothing but one bad story after another about crypto - and this is where most small investors get their news not from the crypto community.  As talks of bubbles and Ponzi schemes to regulations and scams is seen by most of the public and fearful investors, those who bought high are throwing in the towel, as my friend did last night.  It is scary how much control on emotions the media has on people.  He literally FOMO into the market because of the media, and then FUD'd out at a huge loss because of the market.  There is a lesson to be learned here.   
+
+And then as his Ripple arrived into my Toast wallet I had a thought...
+
+Strangely, and of course I did not tell him this, I became a bull on this market right after I received his coins. His capitulation was my signal to become a Bull again.  Crypto is coming back! 
+
+The next market upswing will come by way of institutional investment and I can be patient and wait.  I now really understand what Warren Buffet means by “the market is a device for transferring money from the impatient to the patient.” I will continue to buy my friend’s cheap coins and the coins from those similarly situated. 
+
+I am buying slowly at these prices - and I am only buying blue chip projects.  Small altcoins are in for a difficult journey these next several months as governments decide how they will deal with the security status of these tokens. 
+
+My friend turned my bearishness into bullishness. No friend, this is not going to zero, ever.  It’s a tough market, it will turn around.  The week hands are capitulating slowly and I think the price action  clearly shows this. 
+
+I am a bull on Litecoin and Ripple at these prices. 
+
+I also like Bitcoin, Stellar, NEO and Cardano. 
+
+Dollar cost/ladder into positions.  
+
+The bottom is near. ($6900-7200BTC)
+
+I hear the BULLS coming.
+--------------------------------------------------------
+
+A final note, there are too many coins for this small of market cap.  Be careful of the altcoins you fall in love with because of great marketing.  They are going to have a difficult time surviving in this market until clear direction on regulations are given.
+
+Jack Fleek
+
+# 30-day challenges
+
+We are pleased to continue our 30-day challenge series. Past challenges can be found [here](https://www.reddit.com/r/personalfinance/wiki/30daychallenges).
+
+This month's 30-day challenge is to **Cut spending meaningfully!** What does "meaningfully" mean? You get to decide that for yourself, but it should be a bit of a challenge. Set a goal that is neither too easy nor too difficult and track your progress. This month's challenge is about making intelligent spending choices so you can better allocate your money and reach your financial goals. Here are some tips to get you started:
+
+* If you participated in September's challenge, you have a bit of a head start. Use what you learned to identify a budget category to attack and set a reasonable goal to reduce your spending in that area.
+
+* If you did not participate in September's challenge, you can still participate! Use [Mint](https://www.mint.com/) or look at your banking statements to review your spending for last month to identify your budget category of choice.
+
+* Set a measurable monetary goal for yourself. "Spending less" is not measurable. Adopt a specific numeric goal so that you can clearly identify whether you were successful.
+
+* Keep your goal reasonable. Spending $0 on housing might save you a lot of money, but it is probably not be a reasonable goal for most people.
+
+# Challenge success criteria
+
+You've successfully completed this challenge once you've done each of the following things:
+
+* Identified at least one budget category where you will reduce spending and set a specific goal for that reduction.
+
+* Shared that budget category, last month's spending in that category, and your measurable reduction goal in the comments on this post.
+
+* At the end of the month, share whether you met your goal in this thread or the weekend victory thread!
+
+Good luck!
+
+I'm not sure why I'm posting this, just to get it off my chest I guess. I'm angry, I'm hurt, and I'm scared.
+
+Today my dog had taken his anti anxiety medicine and was sleeping on the couch when I decided to go for a cigarette. I thought he was asleep, so I didn't pay as much attention as I should have. He slipped out, I was foolish and an idiot. I'm going to pay for that. 
+
+I went to get his leash, left the house to get him. A pickup was driving by at the moment, and my dog reacts to loud trucks by chasing them. The driver slowed, saw me coming, let my dog get in front of his truck, before he laid on the gas. My dog kept up for awhile, while I'm behind him running and calling out, while neighbors are screaming stop, only for the guy to continue gaining speed until he ran him down. Like a piece of garbage, for fun, he's ran over and the driver just kept going. I think that's what broke me the worst, what made my blood boil. I took that dog off the street, I gave him food when he was skin and bones and didn't trust people, when he was half feral from living in the woods I saw something in him. I saw a good and loving dog that just hadn't been shown kindness. All of the love and kindness I gave him, and for what? To be some sick fucks play toy?
+
+I carried him home, while his tongue is hanging out and his body is bent in an odd shape, he isn't moving and he's gasping for air. We got home, I covered him in my daughter's blankets and called my wife, letting her know what happened. I thought he was paralyzed, it was the weekend, and I had my rifle. I wasn't going to let him suffer for days waiting for a vet to open. Out of nowhere he shot off the ground, taking a step and collapsing. I took it as a good sign, and thanks to a friendly neighbor we got to the local vet.
+
+It's odd, but I guess I enjoy this part of the day and should focus on it. The vets wife was in pajamas when I knocked on her front door and told her what happened. She went with us to the clinic, gave him pain medicine and got him under a heat lamp. She was optimistic that he would make it, saying his vitals were strong and there was no sign of broken ribs or internal bleeding. He had lost a lot of blood, he obviously had a broken leg, and he was in shock. But he was alive, and he was fighting. She said she would keep him for the night, give him regular pain medicine, and keep him under the heat lamp. If he made it through tonight, they'll do x-rays and see where they go from there in the morning. I guess I should focus on the positive.
+
+I'm just...mad, and confused. I don't have the money to pay for this, it's Christmas and im barely above the poverty line. My daughter doesn't understand what happened, my wife needs me to be strong for her, and I'm just holding my shit together. I always was that guy who said "control your dog" and blamed the pet owner when the dog got out and bad things happened. I was proud that I didn't make those mistakes, I wasn't irresponsible. I guess the verse is true, Pride goeth before destruction, and an haughty spirit before a fall.
+
+Thank you for reading this, if anyone does. It felt good to get it into words.
+The original post was a series of graphs comparing things between millennials and baby boomers.  Here's the top comment:
+
+
+> Of course people under the age of 30 say they're going to save millions and retire early... everyone says that. Baby Boomers have shifted their answers because they're in their 50s and 60s and they can look at their accounts and see the reality. They didn't save as much as they wanted to (Neither will Millennials) and they can't retire as soon as they want to (The same will happen with Millennials)
+
+
+[and here's the rest of the thread](https://www.reddit.com/r/dataisbeautiful/comments/5740ly/retirement_plans_millennials_vs_baby_boomers/?sort=top)
+This shit literally can't get any better. 4chan trools created the most beautiful ponzi I've ever seen, and I cannot express how much you should invest in this coin.
+
+Here's how it works: You buy the coin at market price. You sell the coin on their website at 10% below the marketprice; if someone sells, the difference is given to the people HODLing -- meaning when the coin goes down, you make profit. When the coin goes up.. Well you still make profit! No one loses! I've already made 4 cents from HODLing while people who sold missed out!
+
+https://powhcoin.com
+They stole from us, They cheated us. They always do. I will celebrate when we are ALL green. Big shout to the $400 guys still hodling. I've scraped enough to buy 2 more shares today. Its going to be an almighty battle for the next few days and if i can do my little bit to help the big boys  then im happy. 
+
+Ive been massively impressed by 99% of people on this sub. We will ALL get there in the end. Its just the length of time remaining that is the question.  Me personally i dont think they got too long left.
+**TL;DR: Gaming NFTs will open the door for adoption in other commercial sectors. Everything you own will soon have a digital identity.**
+
+\_\_
+
+​
+
+In 2020, 54 billion U.S. dollars was spent on supplementary in-game purchases. Approximately zero of it trickled down to resale value for purchasers.
+
+Seem unfair? That’s because it is. It’s also why Justin Kan considers gaming NFTs a bigger opportunity than streaming (he’d probably know; he built Twitch).
+
+Gaming does seem like a perfect use case for NFTs. We grind for hours to collect resources and craft items. Many of our Fifa avatars have more swag than our actual fits. So why shouldn’t we be able to trade and sell these digital goods? We bought them. We earned them.
+
+Now think how NFTs will disrupt this system: digital items that were once centralized and produced at zero cost can now be part of real world secondary economies. Interoperability solutions like BTP from I.C.O.N and CCIP from L.I.N.K, will allow NFT skins to be worn in both Fortnite and COD and then listed for resale.
+
+Teams like mine are developing open world MMOs where the characters, resources and crafted items are tradable NFTs right now. Eventually, video games themselves will be resold on secondary markets.
+
+If you are a Gamestop/Web3 follower, you know this. In fact, it’s probably why you are in this space. But now let’s talk about where things get really exciting: the dissolving line between physical and virtual economies.
+
+NFTs will allow physical goods like Nike soccer cleats to be instantly linked to their digital versions, providing both proof of ownership and virtual utility. For example: you go to the store, buy some Vapors. Instantly your Fifa Avatar has the same kit. Then, if you want to sell the cleats in real life, you trustlessly prove the sale via NFT transfer.
+
+Bada bing, bada boom. Ownership democratized, digital goods given value, an entire new economy created. Following this model, NFT assets and their secondary marketplaces are poised to revolutionize not just gaming, but commerce in general.
+
+Soon, we will start to see NFT items for all major retailers, most likely starting with art and fashion verification. Supreme and Gucci, which have a huge problem with counterfeits will use NFTs for authenticity verification and allow you to rep their brands in the metaverse. Don't be surprised when IKEA, Bed Bath and Beyond and other mainstream adoption quickly follows.
+
+Everything you own will have a digital identity. And with that comes proof of ownership, resale opportunity and massive amounts of disruption and innovation.
+
+Some feel the recent metaverse push is premature. That’s fair. The tech isn’t there yet and the public hasn’t been prepped. But big tech recognizes NFTs are a game changer and they are rushing now to build the infrastructure of the future. I want this infrastructure to be built according to blockchain first principles and not the self-interest of tech overlords like Zuckerberg.
+
+And so I build. Starting with my team’s first gaming project that I hope to see on Immutable X/Gamestop's NFT marketplace soon. In the meantime, I also buy, DRS and hold. Because I believe in Ryan Cohen, the blockchain community and that NFT gaming will be Gamestop's Trojan Horse for the web3 revolution.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Yesterday I posted some calculations of how many trades it would take to get to $1,000,000 and my inbox was flooded with people asking for the calculator. It was just a console application but I made a google sheets version and here it is: [ASX_Bets How many trades](https://docs.google.com/spreadsheets/d/1KuqU4Kes8lxlYbMPuefzmwvKdUg9C1NPE04iPa8Nh6k/edit?usp=sharing).
+
+File > Make a copy, then play around with the settings. It's late, it's probably buggy and the tax is set up for the ATO 20/21 tax brackets. If you want to change the tax calculation or add another broker for the commission calculation, you'll need to go to Tools > Script Editor and change the appropriate functions.
+I’m interested to know what most of you do when you hit your first bag (100% return). 
+
+I’ve just bagged HNR and I’m in a bit of a dilemma, I’m contemplating riding the wave and holding it all as I truely believe in the company. 
+
+But the other part of me is telling me to take the profit and let the original investment run. 
+
+Original investment was only $10k so it’s not life changing money but could be of it ended up being a 10 bagger
+
+Any way, would like to hear your methodology.
+
+EDIT** This isn't my first ever bag; But first on this share and since being new to the community would like to hear others methodology.
+Just a day after chatting here about my worst investment ever and joking, "CAN it get any worse?" ... Yes, yes it CAN.  
+
+​
+
+**PAC Partners appointed to Cann Group’s $20 million raising**
+
+​
+
+Listed medical cannabis company Cann Group is raising $20 million to  strengthen its extraction, laboratory and manufacturing capabilities,  plus provide working capital.
+
+The funding will take the form of a  $10 million placement for institutional investors and a $10 million  share purchase plan for retain investors.
+
+The $104.2 million company has appointed PAC Partners to lead the raising.
+
+PAC Partners is calling for bids by 9am on Friday, but expects the book could close early.
+
+The  capital raise will support Cann’s activities as it completes the  construction of its Mildura facility - the third for the company - which  is slated for completion by the end of 2021.
+
+ 
+
+The facility is understood to be on track for commissioning.
+
+The company already has $50 million of debt funding from NAB locked in to support the build.
+
+When completed, it will be able to produce 12,000 kilograms of medical cannabis a year.
+
+The funds will also go toward continued development of the Satipharm business it acquired in March for $CAD4 million.
+
+​
+
+[https://www.afr.com/street-talk/pac-partners-appointed-to-cann-group-s-20-million-raising-20210722-p58bxk](https://www.afr.com/street-talk/pac-partners-appointed-to-cann-group-s-20-million-raising-20210722-p58bxk)
+Disclaimer: This is not financial advice. All prices provided in AUD.
+
+I will do my best to transparently and succinctly summarise the investment case for Minbos Resources (MNB), with detail on associated risks. I believe there is a >1000% SP gain to be made within 3-5 years, with low risk of any further dilution. If you'd rather listen than read, watch this interview with CEO Lindsay Reed on 1.5x speed: [https://youtu.be/vKxhkcDxCGM](https://youtu.be/vKxhkcDxCGM)
+
+**What is their project?**
+
+MNB plans to mine phosphate in Angola, Africa, transport it through existing networks to a granulation plant, where they create the Cabinda Blend fertiliser, and then distribute it from the nearby existing port as well as on land. Agricultural land in Africa is severely underfertilised, meaning the food produced is lacking in nutrients, the crops are more vulnerable to stress, and less crops are able to be harvested in a given year.
+
+The Cabinda Blend has undergone four years of agronomic trials in partnership with the International Fertilizer Development Center (IFDC). It is opportune that the fertiliser blend possible from the phosphate mined is perfectly suited for the acidic soils in Angola and broader Africa.
+
+This is a project that will literally feed Africa and will be carried out with heavy involvement with the IFDC. Recently, donors to the IFDC funded a $54m project in Burrandi to support agricultural productivity. At $27m capex, low technical risk (not a novel process to create fertiliser), government support, and several interested donors from the IFDC, the expected outcome is that financing will be completed completely **non-dilutionary**.
+
+**Market?**
+
+Middle Africa has 170 million people and vast areas of arable land, but not a single fertiliser production facility. Angola's agricultural sector is growing rapidly - to eat and to export.
+
+**What's the economics?**
+
+The price of phosphate fertiliser has exploded since the initial scoping study and has exceeded the bull case. The first year of production (2022) aims to produce at a rate of 50ktpa. Using the current Angolan landed MAP fertiliser price of $800, and therefore, an earnings of $40m, a discounted 8x earnings valuation places this company at $320m market cap. Expansion to full production will be athroughput of 450ktpa, which easily exceeds a $600m valuation. At a current <$40m market cap, I expect upcoming catalysts which firm up these economics (not expected to change as stated by CEO) to result in a significant re-rate of share price.
+
+**Supports?**
+
+The Angolan Government has demonstrated strong support in every opportunity they have had so far.
+
+* They awarded MNB the tender for the phosphate project.
+* The Mineral Investment Contract signified the green light from the Angolan Government.
+* MNB received their "Mining License less than two months after executing a Mining Investment Contract, usually a 3-5 year process", which is "a timely confirmation by the Government of Angola of their commitment to support and accelerate our Project."
+
+The Angolan Government has every motivation to see this project succeed. It is 2017 democratically elected president João Lourenço's mission to diversify the Angolan economy away from oil (Africa's second largest producer). From the government support so far, it's clear to me they understand MNB in partnership with the IFDC is the key to unlocking this.
+
+**Risks addressed?**
+
+* Technical risk - not a novel process, and the fertiliser blend has had agronomic trials demonstrating success the past four years.
+* Market risk - exponentially expanding agricultural sector in Angola and middle Africa.
+* Logistical risk - the fertiliser plant has access to nearby port and trading hub. The IFDC have previously rolled out similar fertiliser programs with success.
+* Financing risk - there are several interested donors to the IFDC which will fund the project. This project aligns with the IFDC's objectives and is well within the $$ ballpark which has been previously provided.
+* Government risk - in all opportunities thus far, the Angolan Government have demonstrated strong support of this project with motivation to accelerate it.
+* Country risk - Angola has maintained political stability since the end of the 27-year civil war in 2002, without any attempts of coup or major civil unrest since. Newly elected João Lourenço has made specific focus to economy diversification and crackdown on bureaucratic corruption. Oil prices above an average of $60usd help the country as a whole recover economically these coming years.
+
+**Upcoming catalysts?**
+
+The **Definitive Feasibility Study (DFS)** is many times more significant than an initial scoping study. It lays out the detailed economics and will be the reference document for institutional investment. It is expected the engineering component has been already completed as long-lead items for the granulation plant have already been purchased. It could drop any day between now and November.
+
+100% organic fertiliser patent.
+
+Construction is expected to commence early 2022 and be completed within **6 months**.
+
+I will do my best to answer any questions you guys might have in the coming days. I have been conservative with the economics because the ability for expansion is significant, and the base case of 50ktpa justifies the project many times over alone. It honestly doesn't matter how you discount a $600m fully priced market cap, $40m is a value buy for me.
+
+This stock tends to be quite illiquid so it is not one to trade for a quick buck - it is smarter to invest based on the economic fundamentals, with some technical analysis to help. We've had a break of the long term downtrend and are now flagging out at a higher level. As indicated from the volume profile, my buy pocket is between high-volume supports 0.075 to 0.082. High-volume resistance at 0.09. Blue skies above 0.115.
+Coinbase Global, the largest U.S. cryptocurrency exchange, will make its trading debut through a direct listing on the Nasdaq on April 14, according to a report. 
+
+The direct listing had been pushed back from March, sources told Bloomberg. As usual, a reference price will be made available the night before the shares are to begin trading.
+While April 14 is the target date, the timing and other details for the listing could change. 
+In an amended S-1 filing with the Securities and Exchange Commission last month, Coinbase said that it planned to sell 114.9 million shares in its direct listing.
+
+The company, via the direct listing, could be valued at more than $100 billion.
+Coinbase will list on the Nasdaq with the ticker COIN. The company initially announced its intentions to go public in December.
+But the company cautioned that recent trading prices in private transactions may have little or no relation to the company's opening public price. The filing didn't indicate a trading date.
+
+Read the rest at:
+
+https://www.thestreet.com/investing/coinbase-ipo-scheduled-for-april
+Would you like to know why Citadel worked all weekend?
+
+Well the SEC issued this guidance on SPACS (google SPACS if you dont know)
+
+[https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs](https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs)
+
+Somebody else can go through the fine print, but it basically says that the SPAC warrants are liabilities not Equity.
+
+Q&A
+
+Q: Well ok then, so what if you bought a couple SPACS.....
+
+A: Well then you would have to account for them as liabilities if you havent paid for the shares and fulfilled the contracts..... ok sound simple enough.
+
+Q: Ok what if you...kinda sorta......went on a SPAC binge and bough every SPAC you saw on the shelf.
+
+A: Like how many
+
+Q: Say you were a shy kid in high school, hit a growth spirt came into your own hit college and had a FIELD DAY..... That many
+
+A: so you bough 20 SPACS
+
+Q:more like 80
+
+A: Well then you have that much more Liabilities to manage on your balance sheet.... I hope you are not in any other Financial problems.
+
+Q:.....
+
+A; what is it
+
+Q: Well I kind of got between a bunch of dump Apes and their favorite Video Game store...
+
+A: Oh NO....APES Dont let Go
+
+Q: I am FUCKED
+
+A: You're FUCKED
+
+\-----------------------------------------------------------------------------
+
+So I made a spread sheet trying to track all the SPACS citadel was buying.  I also looked at other Hedge funds to see if they were going on a buying spree as well....they were not...not that I could find.
+
+Citadel though it found a money cheat code.  Buy SPAC warrants, use warrants as equity on balance sheet, leverage up fight APE.
+
+The SEC issued guidance annihilating that entire plan overnight.
+
+That's why they worked all weekend.  they spent the first quarter buying SPACS like they were crack and now they are going to have to offload them.
+
+They have known about the liquidity requirements for months....but they didn't expect a change in the SPAC rules, or they wouldn't have bought 80 of them.
+
+Go through the list, they are not very good companies. They were just going to use them for the equity cheat code.  So they bought whatever was left.  The SPAC market is picked over, its fucking 2021.  STOP TRYING TO MAKE SPAC HAPPEN CITADEL SPACs were so LAST YEAR.
+
+​
+
+original thought post here and here
+
+[https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel\_spacs\_acquisitions/?sort=new](https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel_spacs_acquisitions/?sort=new)
+
+[https://www.reddit.com/r/Superstonk/comments/mv3hi1/has\_citadel\_spent\_clost\_to\_8\_billion\_on\_spacs\_so/?sort=new](https://www.reddit.com/r/Superstonk/comments/mv3hi1/has_citadel_spent_clost_to_8_billion_on_spacs_so/?sort=new)
+
+I am marking this as DD until someone proves me wrong.
+
+Start of list of SPACS bought by Citadel
+https://sec.report/CIK/0001423053
+
+​
+
+https://preview.redd.it/zxhogjl3lfu61.png?width=1349&format=png&auto=webp&s=119513f86e58fbb322ff9160825687dc1ba226e9
+
+oh for those of you who need Google Trends to confirm your suspicions..
+
+SPACS did peak at 2 AM Saturday morning....
+
+​
+
+https://preview.redd.it/6wzexqfrjfu61.png?width=883&format=png&auto=webp&s=56eb1201a2bef4716083f247a9e4c9381bf50154
+I am trying to figure out if it's worth paying off this 5 year old debt of $139 to an internet company, or letting it fall off in 2 years. I have no idea how much it's hurting me right now, but I don't wanna pay it if it's gonna reset the date on it.
+I called about setting up an account but decided not to as I hadn't seen my meter. Now that I have 6 months later (after the restaurant owner let me) it turns out the whole building has only one meter. Is this legal? I live by myself with 9 other flats who have multiple occupants, it would be unfair splitting it 10 ways, especially if the other business is also on the same meter.
+
+​
+
+I haven't called the company yet, I do want to know how to go about this. The meter said 2500 cubic meters (I assume). From the conversation when I first moved in that would mean I'm on the hook for +£600 which makes living here absolutely not worth it, after talking with my neighbours it turns out no one pays it but I know they can chase me for this for 7 years after I move out, potentially asking for more.
+
+​
+
+What's my best course of action? I want to pay what's reasonable, I used to pay about £50 fixed for a whole household, this is far from reasonable or justifiable.
+
+​
+
+Edit: I tried to keep it brief but here are extra facts:
+
+1. When I first called, the person on the phone said it's roughly £2.30 per cubic metre plus extra charges (hence my estimate)
+2. It's a private landlord and the contract says I'm responsible for the water
+3. I have seen one or two letters for my neighbours (our mail is put on the window sill) from the water company but they never reached out to me/my flat number
+4. it's a Victorian building with 10 flats and 2 restaurant businesses below me.
+5. when I checked the meter I asked the employees if that's the only one and they confirmed. My neighbours and the company confirmed it's in the basement of the restaurant and no one was being let it by the owner (at the time, I asked nicely when they were renovating the place).
+Today (Feb 23 2022) was brutal. But there is always tomorrow....
+
+Here is a quick study on SPY since 2015. Long at open the day after 2%+ drop from intraday open to close. Probably can do better with an appropriate stop loss...
+
+**So we buy at open and sell at close the next day.**
+
+[Test Setup](https://preview.redd.it/gcvc3lshlnj81.png?width=2312&format=png&auto=webp&s=25f1d3161f28406b33cdc412460bd2591db8318f)
+
+**The Result**
+
+Up most of the times during the trading hours on the next day... What you think we are going to see tomorrow?
+
+[The results from 2015 to 2021](https://preview.redd.it/1ptllmfllnj81.png?width=1906&format=png&auto=webp&s=3177c8707b5850d8268d52acc5e2d7852cfb2938)
+I’m looking into changing careers and have been thinking of buying a business of some sort to make it happen. A hotel came up for sale in my home town and I do not know if it is priced fair. How do I figure out what a fair offer would be on it?
+ 
+
+There's been a lot of talk about record levels of debt, both notional, relative to GDP, net and per capita. What are your thoughts on how this will affect markets?
+
+I have such mixed opinions, the economy isn't healthy yet the market is at all time highs. We have pandemic relief coming, the central banks keep printing more money. Those without assets are going to suffer really bad due to inflation.
+
+Not sure about the situation in the US, but here in Southern Ontario (Canada) the housing market has been on an absolute tear. A house in Waterloo, Ontario recently sold for 1.3M. About 2000sq feet, 4br, 3bath. This is worth AT MOST 700k. No crazy upgrades or anything. Just a basic house.
+
+I highly recommend watching this: [https://youtu.be/qIfP0FfHC9g](https://youtu.be/qIfP0FfHC9g)
+
+Then read this: [https://www.visualcapitalist.com/debt-to-gdp-continues-to-rise-around-world/](https://www.visualcapitalist.com/debt-to-gdp-continues-to-rise-around-world/)
+I want to look through each of the Canadian companies to find great investment opportunites. The information I want to see is year over year growth, and what the company is doing, just in case I think there will be a market for it in the future.  I should also be able to remove some industries like finance, resource exploration and pharma companies. How do I do this the most efficient way? Does anyone else have experience doing this?
+Title pretty much sums it up.  
+
+
+Just found out I'm going to be a father and beyond excited. Household income is roughly 140k and both my partner and I are debt free.  
+
+
+I want to start an RESP (front-loaded once I liquidate some of my investments) but also want to open Junior a brokerage account.   
+
+
+Is this possible and what is my best approach to this.  
+
+
+Thank you all!
+El Salvador (a country that uses USD as currency) declaring Bitcoin legal tender flies directly in the face of the federal reserve, modern monetary theory, and is another crack in the USD facade as the world reserve currency. The FUD, misinformation, and downright hostility towards Bitcoin is about to get intense. The world needs hard money, the world needs financial inclusivity, the world needs Bitcoin. Stay strong my friends, you’re building a better future.
+
+‪Edit: Nayib Bukele tweets 
+
+“Some powerful interests will try to make this historical #Bitcoin move fail. They know what it means if it succeeds. It will.”
+Hello,
+Wanted to get your thoughts on this.  I already have a reasonable portfolio invested in a stocks & shares ISA for medium-long term growth, however, coronavirus has really squashed my business profits, and it's now looking likely they will not improve due to the industry I work in. So I'm looking into whether its possible to do some form of shorter-term investing to get supplementary income while I figure out a permanent solution to the business.
+A friend of mine in the USA trades options and loves it, but it looks like that's not something offered in the UK short of signing up to TastyWorks to trade abroad.
+A friend in the UK does intraday position trading but he's advised me that he spends 12-14 hours a day doing it, 6 days a week and is only now starting to see pay off after a year...
+Am I being unrealistic in thinking there is a way for me to make some extra money in the shorter term from investing in my free time? If not, what should I be looking into? I'm happy to sit and learn, I just feel a bit lost right now as to what I should be learning.
+
+Thanks in advance, any help gratefully received!
+As in title. As it's an emergency fund, I need it to be accessible on deman (no withdrawal fees), but since there's a chance those funds will be sitting idle for years - I want to get the best of it. So:
+
+* Accessible
+* Safe (low risk)
+* Decent return (at least above inflation rate)
+
+Heard some good things about Vanguard ISA, any opinions on that? All ideas welcomed.
+The Shiller P/E ratio has risen to almost 32 in the last year.  (All time historic average 17.1) - would indicate the stock market is overvalued.
+
+The Buffet Indicator is at 2.2, all time high. Or in terms of Corporate Equities to GDB at 171%.
+
+Total Market Cap / GDP - 184%
+
+Loss in GDB: UK -20%, USA -31% (yes, it's a minus before each number)
+
+Not to mention number of people on furlough and credit holidays.
+
+Plus unemployment is going to shoot up soon.
+
+I currently keep15% of my net worth invested in the market, but even if the market drops 50%, it's still 7.5% loss.
+
+​
+
+Wouldn't all the above indicate that's it's safer to exit the market and hold cash until it crashes?
+
+​
+
+No sane person can say it's gonna last long until it crashes in current circumstances, you can't inflate it by printing money forever.
+Does anyone have any thoughts on how is best to protect a cash balance during what could be significant economic downturn with the unknown government interventions?
+
+I have a moderate cash balance that I was intending to use to purchase a house later this year which I'm now in no hurry to do, but I am concerned that if the banks start printing money, this cash balance might quickly become worthless. Is this reasonable or possible and is there anything anyone would recommend to mitigate against this risk?
+New to investing and receiving lots of advice to include bonds in my portfolio. Argument seems to be if equities take a dive, bonds will be a safe haven, even if the return isn't particularly exciting. In theory this seems sensible, but I invested in a couple of bond funds and they're well in the red now after just a few months, and I've searched unsuccessfully for a bond fund which provides the sort of low but stable positive return they're intended for. Plus many seem to be pretty volatile. Lastly, my novice understanding is that if interest rates go up, investments in bonds are likely to lose value. And given interest rates are already rock bottom, it seems inevitable that will happen.
+
+So my question is whether investing in bonds is a good idea in practice? Or if I can ride out a dip in equity valuations, does it make more sense to accept the equities risk to benefit from equities returns?
+
+Thanks.
+I thought I'd start out with putting money into funds, my theory being that the fund manager knows better than me. I put £500 in JUPITER UT MNGRS EUROPEAN I ACC (GB00B5STJW84) and £500 in BARING FD MNGRS EUROPE SELECT I GBP DIS (GB00B7NB1W76).
+
+Both of them have dropped a similar amount and now my £1K is worth £925.23. Should I just hold out for them to go back up? Both of these funds have done well in the past
+Hi guys, if any friendly investors could offer advice on my current situation I’d be very grateful.
+
+So my situation is 
+- I have inherited £250,000. 
+- My only current investment account is a Barclays Investment ISA worth about £10k
+- My present goal is to invest it all in an S&P500 tracker fund like the iShares Core 500 Ucits etf i currently use in my isa.
+- I plan on maxing out my isa allowance (20k) each year with barclays
+- i need somewhere else to invest the rest of the money similarly where i can skim the isa allowance off each year. 
+- i plan on holding long term (20+ yrs) as kind of a pension plan/contingency fund.
+- Im unsure if fees are better elsewhere. I think barclays charge 0.2% customer fee for ‘servicing’ the investment account.
+
+Is there a better way to go about this? Are there better brokers out there to invest my money with? Ways i can pay less tax? General advice or warnings? Additional/ Better strategies i can use for long term goals?
+
+Thanks for any help (:
+So, I've not started looking (properly) into this yet, but thought I'd ask in the mean time.
+
+Is there a simple and cost efficient way for a UK investor to "invest" in the oil price at this time?
+
+I guess you need to be buying futures. I found some US ETF's that track the oil price, but couldn't find the same in the UK.
+
+not interested in buying oil companies.
+
+(cross posted from ukpersonalfinance - this is probably a better place)
+Taking a dip last couple of days. I personally think it's due to to the fact people aren't buying clothes at the minute as winter is round the corner in UK. Buy, sell or hold?
+Do we think this will be a leg up for the equity markets? Which areas do you think we will see rise? value, cyclical, growth stocks. Or do you think this will kick start a tech stock boom? (Which appeared to have a great day today)
+
+President Biden unveiled a more than $2 trillion infrastructure and economic recovery package on Wednesday.
+
+The plan aims to revitalize U.S. transportation infrastructure, water systems, broadband and manufacturing, among other goals.
+
+An increase in the corporate tax rate to 28% and measures designed to prevent offshoring of profits will fund the spending, according to the White House.
+So, I've not started looking (properly) into this yet, but thought I'd ask in the mean time.
+
+Is there a simple and cost efficient way for a UK investor to "invest" in the oil price at this time?
+
+I guess you need to be buying futures. I found some US ETF's that track the oil price, but couldn't find the same in the UK.
+
+not interested in buying oil companies.
+
+(cross posted from ukpersonalfinance - this is probably a better place)
+Sorry if this has been asked before, but I've been looking at the Vanguard life strategies for almost a year now, and while I've been investing into a Help to Buy ISA, I also want a fund I can pay into for the next 40+ years (I'm 24). 
+
+Whilst the funds are down -4% to -8%, is this a good time for me to open the LS100? Of course no one can predict when the bottom of the current situation is, but whilst they're down it would seem right to start now whilst they'll inevitably recover over the next few years?
+
+edit: I've already maxed my salary sacrifice at work to 7% with them contributing 11%. My Help to Buy ISA is £200, and after that and all expenses I save roughly £400 a month that goes to my current account.
+I currently have my LISA in 'Vanguards Global Bond Index', I'm hoping to move it to a more ethical fixed income fund with similar volatility and returns - If anyone has any suggestions then let me know?
+I would like to gauge the community’s opinions on best value stocks currently in the UK market. The cost of UK stocks in general has risen sharply since December on the prospect of a strong recovery. But the higher expense of many stocks increases risk in my opinion, particularly in the stocks beaten down by falling revenues in Covid. 
+
+Has anyone got any tips on some undervalued opportunities in the UK market? 
+
+I’m investing for the long term and have been looking at some of the following areas:
+
+Aston Martin Lagond (AML): some more positive broker ratings but massive execution risk with their turnaround strategy.
+
+Hostelworld (HSW): a potential recovery play for when international travel resumes.
+
+U and I group (UAI): recovery play on commercial and retail property development.
+
+Jadestone energy (JSE): Has reported strong earnings growth in the past and fundamentals look good.
+
+Allied Minds (ALM): Their guidance has not been particularly fulfilling but have read articles suggesting their NAV is likely to be higher than current market cap of around £53 million.
+
+Any other suggestions would be greatly appreciated.
+As the the title says really. The market is cheap for a reason at the moment, and I think it’ll come down again once the furlough rug is pulled from companies feet. But there are diamonds out there, so what do you think?
+Hey,
+
+As per title, would you invest every month 4-5k, or would you save up for 4 months and then lump sum invest 20k at a time or something? I've heard investing lump sum is said to be better in the long term based on some studies. But in this case, I'm not sure how long to wait before investing lump sum at a time. This would be related to investing in an Index fund ie. Vanguard Global All cap.
+Seems like a lot of big improvements are happening at Sony.
+
+- They're entering the autonomous vehicle sector with a recent unveiling of thr vision s at the recent ces
+- the ps5 has a good chance of continuing playstation console dominance
+- management have doubled down on successful areas of the company like sensors
+
+
+Financially, they're lowering debt and have had a steady share growth and lowered their volatility.  Although they still have relatively low dividends.
+
+They seem pretty cheap vs competitors. Perhaps underrated?
+I've heard HL has pretty substantial fees but they're still considered the best even against other brokerages that offer commission free trading. Why is this? Do they offer better smid coverage? Lower annual fees?
+Young and new retarded apes, if you are reading this don't lose heart and be a paper handed bitch. This is the same tribulation that happened last february where shills and bots swarmed WSB that also weeded out the paper hands and only the true diamond hands held and stayed. 
+Not a financial advise...
+ Buy the fucking dip and dont make the same mistake that i did when i didnt buy the $48 per share GME cuz i got afraid that i would lose more. WSB is not a place for people who gets scared when the board turns RED.
+All of us who stayed here and Hodl for the last 3 months can say that this kind of scare tactic doesn't faze us anymore cuz we don't  give a flying fuck we simply thank for the sale and buy more.
+
+ To the hedgies and their cronies reading this...SUCK MY DIAMOND GOLD GILDED DICK!! im not fucking selling. Do your worst and i wont care for i would be just busy watching Gordon Ramsey in Hell's Kitchen.
+
+To the Apes..
+ THIS IS WAR you fucking sons of bitches casualties are fucking expected and loses will be everywhere because this is a life and death situation the hedgies wont simply just roll over and give up. This aint disneyland where is all sunshine and rainbows, people enjoying and laughter in the background. Welcome to fucking hell where reds are green, green are green, and Mondays are the new Fridays. If you fucking cunts cant handle pressure you dont deserve to be here in WSB.
+
+To the True Diamond Hand Comrades...
+Its just simply a typical day in a typical week here in WSB lets grab a drink and food and play games on our consoles and let the paper hands panic and shills demoralize the paper hands. We know that they know that we know that they are really fucked and desperate for the MOASS is about to come. Lets just chill, sit back, and relax. We thank the hedgies for giving us a big sale on GME cant wiat for the next paycheck.
+
+Edit: Thank you retards for the upvotes and awards i simply wanted to reignite that flame of passion in your hearts and to remind you fucking retards that the fight is not over. We marked our names in history and made a change i hope it becomes better.
+I've had it with the: "Go with an index fund from Vanguard"-comments. It doesn't matter if you're in a thread discussing fundamental analysis or pitching a stock that you've been working on. Those comments are everywhere! 
+
+ I agree with the persons saying that index tracking is the "safe choice". I think that most of us agree on that point. Many of us are not here for the "safe choice" though. We're here for new ideas, interesting discussions and because we're hungry to learn more about the market and how to operate in it.
+
+ Investing is so much more than index tracking. Investing is about sitting with your nose in form 10-K's/10-Q's/13-F's until your collapse over your desk from tiredness. Investing is about finding the bargain that turns out to be a ten bagger. Investing is about being wrong sometimes and admitting it. Investing is about the thrill you get when you bitch slap your benchmark index (on a risk-adjusted basis that is). 
+
+ So, I say to you r/investing, let's save the: "Go with an index fund from Vanguard"-comments for when they're needed. Don't drop by threads discussing fundamental analysis with a: "Eh, I don't think you guys can beat the market. Go with an index fund from Vanguard". Contribute with some wisdom you've earned through your time of operating the market, an appropriate quote from a legendary PM or something other useful. 
+
+ Let me end this meta-post with a paragraph from David Abrams essay in the latest version of "Security Analysis":
+
+ "And so, to the aspiring young analyst, I can tell you that the answer to the question of the market's efficiency or lack thereof is clear: The market is inefficient enough. "Enough for what?" you ask. Inefficient enough for me - and you - to find some great opportunities from time to time. Not every day or every week, but often enough. The Great Illusion persists, leaving plenty of opportunities for those who wish to do the hard, sometimes boring, and often tedious work of value investing. Happy hunting!"
+
+I have a Traditional IRA that was opened many years ago as a rollover from a previous job and is still positioned with an aggressive mix of funds.   I opened a Roth IRA with a very small amount of cash at the same time.   
+
+My current income level is high so I can not contribute directly to my Roth IRA and I can not deduct my TIRA contributions.  My tax bracket is 24% as Head of Household.   I am aiming for 20ish years to retirement.  I've maxed out my 401k contributions for 2019 and I plan to max out my HSA before taxes are due in 2020.
+
+I'm looking for advice on how to manage and contribute to my IRAs with any remaining funds.   I am interested in using the [Backdoor Roth IRA](https://www.investopedia.com/how-to-set-up-a-backdoor-roth-ira-4584775) conversion method, but I'm not sure how that will work in my circumstance. 
+
+This is the way I think a backdoor conversion works for me:
+
+1. I have a Traditional IRA with $35k pre-tax invested.
+2. I invest $6k after-tax into my Traditional IRA
+3. I convert $6k to my Roth IRA
+   1. Using Fidelity for both this would be a "*same trustee transfer"*
+4. I leave the rest of the funds in my Tradition IRA
+
+I've been reading about the Pro-Rata rule and I'm afraid this is where my plans get sticky.
+
+Because I have $35k in my Traditional IRA from a rollover, that's a pre-tax amount.   If I understand the Pro-Rata rule, I would have to pay taxes on the $6k because otherwise, I would have to roll over the entire pre-tax amount first and pay taxes on $35k.  Is that correct?  Does this mean without paying taxes on the entire $35k, I am stuck with contributing to my Traditional IRA with no tax deduction?
+
+Do I understand the conversion process and Pro-Rata rule? 
+
+Should I just rebalance the aggressive mix in my Traditional IRA and reinvest in a target fund and plan to make contributions to my TIRA that are not deductible but will grow in a tax-advantaged way?  That seems like my only good next option.
+I’m getting married next year and plan to legally tie the knot to file jointly married for the next tax cycle. My dad insists otherwise because:
+
+• “when you get married and file together that will be both of your debt, because Biden called for income based repayment, so if salary is less, repayment is less” - my fiance has privatized student loans. When I googled this, I saw “Even in community property states, debts incurred before the marriage remain the sole responsibility of the individual.
+
+•”when you combine your credit scores  will be affected based on your separate debt to income ratio” - when I looked this up, credit does not change at all when married according to multiple sources online. 
+
+I (M23) honestly think he wants another year to claim me as a dependent even though I have moved out almost a year ago and the only thing they still cover for me is car insurance (though I am buying my own insurance next month), health insurance (through my mom’s work) and phone bills. I pay 100% of the rent, food, gas, entertainment, car maintenance, etc myself. Also my brother has turned 26 and though still lives at home, I don’t think can be claimed as a dependent anymore, so I think it’s because he wants to claim me as it for another year as he won’t be able to do that once married. 
+
+Can anyone validate the validity of his claims? When is filing separately as a married couple actually beneficial? Sources online say it’s really only beneficial in a large disparity in income, but we will very soon be making the exact same and are always in the same bracket.
+Hello,
+So, I just want to know for someone who saved up like a million dollars, the easiest most straightforward way of investing is by far buying a house and rent it out right? Or are there easier low risk ways to make money with 1 million? 
+Thank you!
+So you've probably heard a bunch already about the Bitcoin golden cross, this is when the 50 day moving average (DMA) crosses above the 200 day moving average. Others are calling for it in just days or hours but this is incorrect because the 50 DMA is crossing the 100 DMA right now, not 200 DMA. However, Bitcoin is on track to have the 50 DMA cross the 200 DMA in mid-September.    
+    
+The last time this happened was in May 2020 which led to the price of BTC going from $8,000 to a peak of $64,800 (a +700% bull cycle). That bull cycle recently ended with the big crash a couple of months ago in May 2021. We also saw a death cross (bearish opposite of golden cross) in June 2021 which led to the price dropping from $41,300 to the low of $28,800 (-30% bear cycle).  
+    
+That bear cycle is ending as we speak and a new golden cross should form in mid-September which could propel BTC's price to the $80,000+ range and finally hit the big $100,000 price point people have been yearning for awhile now. It should happen around late Late January 2022 to early March 2022. So if you're feeling bullish on Bitcoin's recent history-making rally and upcoming golden cross you should still buy now and HODL, not in Sept or Oct when the new bull cycle is well underway. Let's keep this train rolling!   
+   
+PS. I just noticed it's my 12th Cake Day! Shared with automod who is only 9, I'm older than auto mod haha. To celebrate my 12th Cake Day I bought some Bitcoin for the upcoming golden cross!
+Hi all, could anyone please help me with which cars I should be looking for?
+
+Basically just after a reliable car, fuel efficient, $12k budget, and spacious enough for 2 kids. 
+
+I went and looked at a 2013 Ford Focus but after reading some reviews apparently it has some issues..
+
+Thanks!
+Hi my fellow apes. Due to recent events I've noticed that the general feel of Satori has shifted from generally supportive to careful unease. You don't know a lot about Satori and that was, in large part, by design: on one hand shills did not know how it exactly worked, just that it did. And on the other hand: because apes did not really know how it worked they attributed a lot of positive things to Satori even though Satori had nothing to do with it, which was useful ;). But because of the change in general sentiment I felt like I had to lift at least some of the secrecy to ease some surrounding worries. In the past, it has often been u/grungromp  who did these Satori posts, although they are always coming from the team as a whole. This time I wanted to be the one to write the post so you guys can hear from all of us.
+
+Let me give you a quick TLDR before diving into it.
+
+* Satori has two main components: a data gathering part and an machine learning part
+* We currently use Satori for two purposes: to make data driven decisions as a mod team, and to approve users. Satori does not remove content or ban people.
+* We do not collect any non-public data. All data is provided to us by Reddit itself, through the use of the official reddit API (like u/Remindme uses)
+* This is not a black box: for every prediction Satori makes we know why it makes it.
+
+I've included a bit more technical explanation for nerd apes at the end of this post.
+
+**Under the hood, or what Satori is made up off**
+
+​
+
+https://preview.redd.it/deuajjqpm0e71.jpg?width=680&format=pjpg&auto=webp&s=d0ad94a5b94f4bf511c99feec850aa269c5f8cee
+
+Let’s dive into it. Satori exists roughly in two separate parts:
+
+* a data gathering part; and
+* an AI/ Machine learning part.
+
+Satori starts its workflow by gathering data from all posts and comments made in r/Superstonk and related subreddits (not going to tell you which ones exactly, but just think about subs related to gme and we probably get that too). You can see some examples of exactly which things we can gather in the documentation of the reddit API, but it’s all kinda standard stuff: when was the comment made, who is the author, how many upvotes does the comment have... I want to reiterate that this is all information that is completely public and that reddit shares with anybody who wants to develop an app.
+
+The second part is the part where Satori takes some of that data to decide who might be a shill. We combine that with user reports, removed comments by moderators, users that are banned. What makes Satori more than a smart spam filter however is that we have moderators whose part of their job is to vet all the information we get from various channels, compare it to the current info and can alter the characteristics of what a shill is based on that new info, constantly refining the hypothesis.
+
+We use tried and true models that are commonly used in the industry. We need to remain a bit secretive about which data exactly and which techniques we use, just to protect the work we have done and to make sure that Satori remains useful in the future. But let me say that we only use the data as provided to us by Reddit and nothing more. If you’re a new account, with a lot of awarder karma that’s constantly active and keeps posting the same message over and over again you’re going to have a bad time ‘mkay?
+
+Satori is a bit more sophisticated than this example given here but it might give you an idea on how Satori makes its decisions. This is all well and great of course, but how do we use this mind reading monkey in practice?
+
+**Metaphor of the city, or how Satori is used**
+
+For now we only use the data Satori gathers and the predictions it makes in two ways:
+
+* Do ad hoc data analysis
+* Approve apes.
+
+I like to explain Satori via the metaphor of a medieval city. The city is our beloved Superstonk. It is protected by extremely high walls (karma and age restrictions) that only the biggest of the land of Reddit (apes but also orcs/shills) can climb over. Because we want as many real apes in the city but to keep the orcs out, we use a small gate where all can line up to be let into the city even though they cannot climb the city walls yet. At the gate there is a guard that checks all who want to enter the city this way (this is Satori). This guard is very lenient though: even if an ape in line looks like an orc in disguise the guard will just let him through because he knows that once an orc is in the city, they can still be caught by alert apes who report him to the city guard (mods) or apes themselves (downvoting shilly content). That's why we say that being approved does not mean you're not a shill. It just means we're not sure you are one. Because orcs are only dangerous in large numbers, when their sounds drown out those of real apes, that’s why the purpose of this guard is just to limit the amount of obvious orcs into the city and letting as many real apes in.
+
+As already mentioned before, Satori gets constantly offered new pieces of cloth to smell by scouts who are active inside- and outside of the city, ever vigilant for new ways orcs disguise themselves.
+
+​
+
+[Photo by Anna Gru on Unsplash](https://preview.redd.it/4zaonqwdo0e71.jpg?width=4496&format=pjpg&auto=webp&s=75b94d48392c723ef68434d899aba58943aeb777)
+
+Please note here that Satori has never entered the city: it does not throw out suspected orcs (banning) or censor them (removing comments or posts). It sees, but it does not take actions because it does not need to, the city guard and apes got this. For now we have Satori chained up to the front gate sniffing up terrified shills, even though it smells their foul odor from miles away into the city, and could devour them all if she would be asked to do so. All banishing and pamflet removal is done by the city guard, going off reports by apes. As is the normal process in any other sub.
+
+About the slow approval process: unfortunately the gate this guard protects is very small, we would love to make it bigger but the rulers of Reddit land (admins) do not allow us to let in more than 100 countrymen per hour. Fortunately our guard is a robot who does not need to sleep, eat or go to work and can work 24/7, it would be an insane job to try and approve users manually.
+
+Like I said: the approval part is only one task Satori does. We also use the data it gathers and predictions it makes to make more informed decisions as a mod team.  For example: recently we have used the data to check if the current karma restrictions are not too high and how many apes (but inevitably also orcs) we can welcome back into the city. We feel like apes, in collaboration with Satori and the mod team, have the shill problem under control: apes are quick to call out- and downvote shills on their own and there do not seem to be a lot of shills left except in coordinated attacks, which get dealt with quickly.
+
+​
+
+[The kind of data Satori uses ](https://preview.redd.it/rw14n5etn0e71.png?width=1045&format=png&auto=webp&s=059c8a5478942c5bf0037b56190d1228ba386872)
+
+**Final notes**
+
+A big reason why we've been so secretive about Satori in the past was that it made us way more effective: if shills do not know what we are looking for, or what our capabilities are, they are way less likely to circumvent or attack it. I have to admit: sharing all this is making me a bit nervous. I’m scared that the thing that I’ve been working on almost non-stop since February and that has proven to be a very effective tool against shills will now be less powerful. However, I want to be more transparent about Satori even though it will weaken us. AI can sound very scary and I’m seeing legitimate concerns from apes uneasy about the inner workings, as well as FUD and conspiracy theories being spread by shills.
+
+I’m also scared about this not being transparent enough in this post, and apes wanting more. I’ve thought long and hard about what we can share while still having a reasonable expectation for Satori to work properly. For example, I can not share exactly which features exactly we train on, because that would be like giving the shills the exact key combination for the castle gate door. I have heard calls for making the code open source or revealing how Satori makes decisions exactly, but that is just not possible because that would just make Satori completely toothless and cancel out all our hard work we have done for the last 6 months.Please note that the Mod team knows how Satori works in detail, and fully supports its usage in our sub. These are some of the smartest people I know and they are a major part in making Superstonk not only survive but thrive in the hostile environment we operate in. I also want to stress that Satori makes NO decisions on its own. All actions are presented to the mod team and voted on. Satori has helped us defend the community against all manner of threats, including but not limited to: Coordinated Shill Attacks, Trolls, Brigading, Phishing attempts, etc.
+
+We already have three data professionals in the mod team, two of them have been Apes before Superstonk even existed and have spent months on developing it. The other one is u/Jsmar18 who has no connection to Satori whatsoever but has access to both the source code and the database. The Satori bots added as mods cannot take any action without it being logged in the modlog, as is the case for any mod.
+
+I’ve tried to explain as much as I possibly can about how Satori works to put some of the scepsis at rest, because there are some weird theories out there and I'll stay in the comments for a bit and answer some questions.
+
+**Technical details, let’s get nerdy in here**
+
+This is a short part for all the nerds.
+
+Like already said: we are using the Reddit API which we call via praw. The data is automatically labeled based on a combination of reports, removed comments by moderators, deleted users by moderators and some features we engineered ourselves based on known shill behavior. Imagine how someone with a 9-5 getting paid to spread negative sentiment would act like and you’re close. We use a classic NLP model (via NLTK), tuned based on parameters that just seem to have the best true-positive/false-negative distribution. Let's get more geeky in the comments!
+
+[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/)
+
+[https://www.reddit.com/r/Superstonk/comments/nqnora/satori\_the\_first\_36\_hours/](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/)
+
+[https://www.reddit.com/r/Superstonk/comments/nva7nh/satori\_the\_one\_week\_security\_update\_important/](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/)
+
+EDIT: forgot to include the link to the API documentation, here it is.[https://www.reddit.com/dev/api](https://www.reddit.com/dev/api/)
+
+EDIT2: going to take off now, thanks for all the great questions. Cap'n out!
+[https://www.marketwatch.com/story/slacks-stock-spikes-up-after-wsj-report-of-buyout-talks-with-salesforce-2020-11-25](https://www.marketwatch.com/story/slacks-stock-spikes-up-after-wsj-report-of-buyout-talks-with-salesforce-2020-11-25)
+
+WORK spiked up and was temporarily halted on the news that came from The Wall Street Journal. They have been in a very competitive field this year and Salesforce seems to have plans for them.
+Y'all probably wondering, how did those manipulative hedgecunts allow us to close above 320. If you note, there were insane volumes during closing, but price remained steady. Because when the hedgecunts where manipulating it to go down and crash, several people found out the technique to buy excercisable calls with almost no premium.
+
+We bypassed the ban on buying more shares and were able to keep the momentum going above 320.
+
+We won the battle, and are well on our way to win the war. Since it closed above 320, millions of calls will be exercised and the gamma squeeze has officially begun. All we have to do now is HOLD. Just chill during this weekend for we have a war to win next week.
+
+I don't know if the technique will work on Monday, and if it does, anyone looking to buy 100 shares or more can do it. Remember to remove stop losses, and set limit higher than 1,000$
+
+[https://www.reddit.com/r/wallstreetbets/comments/l82y7u/how\_to\_buy\_gme\_above\_broker\_limits/](https://www.reddit.com/r/wallstreetbets/comments/l82y7u/how_to_buy_gme_above_broker_limits/)
+
+**EVERYONE go pay respects to our lord and saviour in times of our need** u/adioking\*\*. His cock is massive and his brain is so wrinkled it may very well cause a black-hole. I am honored if he is my wife's boyfriend.\*\*
+**PREFACE**
+
+A special thanks to u/yelyah2 for providing me with option data
+
+Not long ago I noticed an anomalous price action, when the price should have been rising, it was dropping. I ran some math against it and could not find a mathematical explanation and ended up coming to procedural explanation, that the reported short interest would rise as SHF wouldn’t be able to hide their short positions any longer.
+
+[https://www.reddit.com/r/Superstonk/comments/o0mn0y/in\_death\_by\_1000\_cuts\_shf\_just\_received\_their\_999/](https://www.reddit.com/r/Superstonk/comments/o0mn0y/in_death_by_1000_cuts_shf_just_received_their_999/)
+
+I was wrong. I have now found what happened and how this will affect the price action we should expect going forward.
+
+I will break this post down into two parts. Part 1 will be more technical and will present my numbers. Part 2 will be in ape with the crass language that so many enjoyed from my first post, explain the basic concepts at play, and explain how timelines have shifted.
+
+**PART 1 - MATH**
+
+**DATA SOURCES AND REASONING**
+
+I have compiled data from FINRA numbers on the total of reported shorts on any given day for both the normal market and darkpool. Separately I have taken the time to tally all option trades under a certain dollar amount and over a certain quantity on each day as well. I don’t want to reveal the exacts of my query, in an attempt to prevent hedge funds from slightly altering their tactics to avoid detection.
+
+The numbers provided will be used as a basis for understanding how many shares minimally need to be covered before a FINRA SI report settlement. The number of shorts is derived from the number of reported shorts in a given day, minus the number of reported longs in a given day. Effectively, I am working under the assumption that every long trade closes an open short position to find the most conservative estimate of shorting in a given day. Option data is tallied based on the order flow for the day and filtered to find cheap OTM puts and ITM calls that expire on a date later than the current SI report cycle. Using this method, we get the maximum number of options on any day that could have been used to hide shorted shares. To reiterate, the minimum number of shorts, the maximum number of options. I am calculating based on the best-case scenario for the hedge funds.
+
+**HOW FINRA SI REPORTS WORK**
+
+Before we dive into the numbers I want to cover the quick basics on how the SI report works. When a short is created there is a T+3 settlement window. Settlement is when the creation of the short is acknowledged, the receipt effectively. In normal functioning, it is intended to be the period where the person creating the short can find a share to borrow, but when you’re naked shorting the settlement window gives you just another way to hide your movements. FINRA only requires settled shorts to be reported in their bi-monthly reports, which means short sellers can have up to 3 days before the FINRA report to open new short positions without reporting them in the current SI report cycle. Historically, we would see the closing of excess short positions on the day or two before the SI report, but they always had the ability to extend three days.
+
+**DAILY SHORTS CREATED**
+
+​
+
+[Daily short positions on public exchanges and dark pool](https://preview.redd.it/t6z3mt7hs7871.png?width=376&format=png&auto=webp&s=9e32172df438a602d7618c193d94cf2943d34710)
+
+This table displays the minimum number of short positions entered for the SI cycle from June 1st through the 15th. As per usual, the two days before the report date on the 28th, the stock price rose. We can further validate this was covering of excess short positions by seeing the large volume of new short positions created on those days relative to the rest of the chart, especially on the normal market. They simply opened new short positions to balance the ones they closed. Therefore, when calculating the period of June 1st through the 15th, we should include May 26th onward. The report on the 28th stated they had 12.67 million short positions open, so we can take 12.67 million and add it to the sum from May 26th to June 15th.
+
+Following the typical process, they would have started closing their positions for the June 15th report on June 14th and 11th, but that does not appear to be the case, noticing no upward price movements on those days or an excess number of new short positions created. Even pushing the date to the full T+3 on June 10th doesn’t seem to show them covering their short positions. This is where I fell to my previous conclusion that they must have just not covered for this week.
+
+Before I provide a solution however, I need to provide the next dataset, daily option volume.
+
+**DAILY OPTION VOUME**
+
+​
+
+[Maximum shares hidden in options](https://preview.redd.it/e7zytpzqs7871.png?width=344&format=png&auto=webp&s=73666b2bcb79c5902bdf77345aacfc3a7a978a4d)
+
+As mentioned previously, I have taken the time to total the maximum number of shares that could have been hidden in options on any given day. The table above displays the minimum number of shorts opened, the maximum number of shares hidden in options, and the difference being the number of excess short positions in a given day.
+
+**5M SHARE OFFERING CHANGES STRATEGY**
+
+Taking these two data sets together, we can go back to the question of when they hid or closed their excess short positions for the above SI report cycle. The answer is part speculation, part math. I believe the SHF knew the 5 million share offering was coming before it was announced.
+
+If you can accept that assumption, then the behavior changes from typical algo processes to one of manual strategy. After market on the 9th the 5 million shares were announced and affected the market on the 10th. Notice on the 8th and 9th we do see behavior indicative of the end of an SI cycle. On the 8th alone the price climbed 20% in a single hour. I believe, in preparation for the share offering, SHF closed and hid most of their excess short positions and used the rest of the cycle through the 11th shorting minimally, so that the price would move down on the announcement of the share offering and they wouldn’t have any part in propping it back up again.
+
+What this strategy would do is not close any more short positions, but just juggle them so they wouldn’t be seen on the reporting cycle and would have to be hidden away early in the next cycle, which is exactly what happens.
+
+​
+
+[Running Total minimum number of shares shorted](https://preview.redd.it/2tx0e9nzs7871.png?width=425&format=png&auto=webp&s=1b42553fd191ba60ba486d0204eb2f5a33779479)
+
+Note: The running total starts with a base of 12.67 million, the reported SI on May 28th.
+
+Beginning immediately after the 15th, options start running wild and provide a place for hiding of short positions. They did all of it to try and keep the momentum of the 5 million offering, pushing the stock price down and that feeds into the T+21 cycle we all knew was coming. They can choose to exercise some options early, free all those new short positions, and then immediately tuck them into new options, without upsetting the share price. The modest price swings seen on the 22nd and 23rd could have been the remainder of a now stunted T21.
+
+**PART 2 – APE**
+
+**-CONTENT WARNING: BAD WORDS-**
+
+**SUMMARY**
+
+For all you apes whose eyes gloss over when technical details start being discussed, let me summarize Part 1 in language easy enough for you. Instead of letting a computer do the trades like always, the hedgies manually did a sneaky thing to keep the price down. That’s why the price didn’t go up for the short interest report and the T+21 cycles. Even more simply: fuckery is afoot.
+
+**HOW SHORTING WORKS: BLUES CLUES EDITION**
+
+Get your pudding snack and gather ‘round because I’m going to explain how shorts integrate with options and the T+21 cycle at a level a six year old can understand. Since the start of this cluster-fuck that we know as the GME short squeeze the hedgies have been following a simple strategy that is carried out by their computer systems. The hedgies agree to sell you a share today that they don’t have. They’ll buy someone else’s share tomorrow and give it to you. That’s how it’s supposed to work. In reality they don’t ever buy that share they owe you. Your share is a placeholder, they still owe you 1 share, but they want to worm out of their end of the deal. Only way to do that is bankrupt GME; voiding the share they owe you.
+
+There are controls in place to stop this kind of ass-hattery, and that is called Failure To Deliver, or FTD. After so long of not giving you the share they owe you, they will be forced to buy that share for you. That timer is 21 market days. If the timer gets past 21 days, they’ll be forced to buy shares. Sneaky Pete hedgies though can borrow shares from lenders to pay back the shares they owe. Instead of taking one dick in ass today, Kenny opted to take two in the ass tomorrow. Get used to the symbolism of Kenny getting fucked, it’s a metaphor I’m about to run into the ground.  They’ll keep repeating this homo-erotic dance until they manage to hide enough of those shares into options. What are options, you ask?
+
+People bet on what the price of GME will be. They bet the price will go above a number or below a number and other morons can take that bet. It is blatant gambling, but everyone knows it’s fixed and still plays. The bets are sometimes called Options, also known as Puts, Calls, or even Fucking Stupid.
+
+The worse the odds are on a bet, the cheaper that bet is to buy and if you win, you get 100 shares per bet. The hedgies will buy ass loads of cheap as shit bets so that they can cook the books and claim “here’s all those shares we owe you, as soon as the bet pays off”. And just like your crackhead uncle, they are completely full of shit and they’ll never pay you what they owe you. You’re never getting your $20 he owes you and you’re never getting your share the hedgies owe you.
+
+One day though, these options expire and all the shares they had tied to them come crashing back onto their books. The FTD timer starts again, creating a new beloved T21 cycle. They get flooded with so many shares on these dates they have to go crazy trying to get them all under control. Every month this bomb goes off. What was one dick in the ass turns into 50, which is more than any one man can bear, even 🌈🐻 .
+
+**THE FINRA SHORT INTEREST CYCLE: THE OTHER END**
+
+So Ken is swinging bed posts battling off suitors from behind, but he also has polite competition coming in front of him. That sentence can be understood in two ways, and both are accurate.
+
+FINRA is the lazy grandpa who’s supposed to be watching the kids while mom and dad get drunk, but FINRA only is interested in doing the bare minimum. Twice a month FINRA asks for a status report on short positions not an audit though, a self-report. The same game the hedgies can play with their FTD cycles they can play with their FINRA report but on a smaller timeframe. They can create new short shares, promising to pay them back later, to pay off the shares they owe, and if they create these new shorts 3 days or less before FINRA asks for the report, they don’t have to disclose them! All of this adds up to short term debt that, if Little Bitch Ken (as he's known around Chicago) doesn’t handle quickly, will begin piling up. Keeping with the metaphor, if the T21 bombs are fucking Ken in the ass, the short interest cycle is going for his face.
+
+While these dates are bouncing around, SHF are busy buying up as many options as they can, as cheaply as they can, to pretend to close their positions, deflating the current T21s, and fueling up new ones.
+
+**WHAT HAPPENED: THE HARD WAY**
+
+We had a time bomb of opportunity go off on the 9th, a 5 million share offering. I believe Ken The Mayo Man saw that news and seized the carp, turning off the computer and going in raw. Instead of letting the dance play out as it has for months, SHFs stuttered the timing and started their process of covering with shorts on the 8th and 9th before the 5 million offering was announced. How and why? Fuck you, that’s why.
+
+I think ole Kenny had a mole in GME that gave him a heads up on what was coming and was looking for a way to gain tactical advantage on his insider knowledge. If he had to cover for the FINRA SI report and two T21 cycles during a 5 million share offering, it would potentially flatten the price drop. But by juggling some numbers and his balls, he was able to settle the process early. On the 8th and 9th he started shorting with abandon while the stock price climbed, just like you’d see during a normal FINRA SI report cycle, but he was two days early, a full five trading days before the Short Interest Report. That’s fine, because Citadel is a “Market Maker” which is a financial term for someone who is allowed to cheat in the market. Rule 204 of the SEC’s rules on short selling, if a market maker that feels like it, they can extend the Settlement date from T+3 to T+6. ([https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm)) The prick just gets to pick when he wants to declare shorts as settled.  So SHFs bought up a shit ton of options on the 8th and then on the 10th and 11th, more options were bought than shorts created. Drenched in lubricant, Ken slid right under the noses of the FINRA. Then, there’s another classic trick Kenny-small-dick can pull, which is the “forget” to mark batches of shorts as short. Effectively you get to short a stock free of charge! You get a fine for it, but if done strategically you can use it in your moment of need, and Kenny needed it. Kenny only had to “forget to mark” 7% of his shorts for that period to reach 9.67 million open short positions by June 16th.
+
+So, assuming Kenny had inside knowledge and tried pulling a fast one on the FINRA report, he would have been able to make the reported SI go down, the sell off hit harder, and sow some FUD. The catch? He on one new suitor, a third group wiggling in; regulators. Kenny is naked shorting, Kenny is insider trading, Kenny is misreporting, Kenny is a douche bag. All of these things are illegal, and that pound of flesh will come due someday. Kenny is taking it front back and center.
+
+[A great blaxploitation film and a very perinate title](https://preview.redd.it/xi2sdbh8t7871.jpg?width=356&format=pjpg&auto=webp&s=f9dc177bf34073f6b114a0fa38a52de2a68970cc)
+
+**THE T21: I WAS PROMISED TENDIES**
+
+Now you’re up to speed on Kenny’s plan, he wanted the share offering to feel like a falcon punch abortion, and cause as much FUD as he could. If you can glance up at the charts above without having seizures, you might see that on June 16th options purchased went ape shit. There’s a string of massive movements when it comes to option buying that likely was done by SHFs. Typically a large string of options is one or two million, they bought 14 million and then 5 million more the next day. Either those options were used to hide their current excess short position, bringing it effectively down to zero, or they were deflating that T21 cycle to yet again spread FUD and allow the share offering to play out to maximum effect.
+
+**THE FUTURE: WEN MOON (AND TLDR)**
+
+The actual useful bit for everything above is this: Kenny is still fucked (if all the dick jokes weren’t hint enough), but now he’s even more fucked. Like usual, he did a dick move on his way out though and fucked up the T21 calendar. Going forward it might not line up anymore on the cycles we had previously mapped, but now there’s a fucking Fat Man sitting on July 16th and Little Boy in Oct. That’s a World War 2 A-bomb reference, but also those are the street names of two of Kenny’s suitors, purely coincidence.
+
+How 002 factors into anything going forward, or if it does at all I can’t tell. I just know that based on the behavior of the last two weeks, our calendar of hype dates is doubtful. Going forward I’ll keep an eye on these price movements and provide updates and best guesses as to what the current cycle’s progress is. **Just to be safe, I think we should all get hyped every day.**
+
+**EPILOGUE**
+
+This isn’t a moon soon post but I do want to close with one last idea. Kenny’s been in, what will soon be, a sticky situation for months and is trapped. His strategy clearly hasn’t worked to keep the price down. If it had, he wouldn’t need to deploy a desperate and ‘short term win for long term loss’ strategies like the ones he just did. He’s sinking, and it’s moves like the ones he’s making now that really prove his overall strategy isn’t working. Day after day the hedge funds are generating a minimum of tens of thousands, sometimes millions, of shares they can't cover. Their desperate attempts to hide them and juggle them are getting more and more uncontrollable. MOASS isn't a question of if, but when.
+
+I will leave this section for answering questions in the comments.
+
+​
+
+Q: ([Apprehensive\_Royal77](https://www.reddit.com/r/Superstonk/comments/oa9ivv/1000_cuts_2_the_hard_way/h3gg1da/?utm_source=reddit&utm_medium=web2x&context=3))  I'm interested in your assumption that the SHF knew about the ATM offering. It implies that they have insider trading knowledge of Gamestop even after the old board has been removed.
+
+A:  Share offerings have a workflow involved both internally and in terms of regulation. Lawyers have to draft filings, those filings have to be submitted to the SEC and any other relevant entities, accepted and approved, then the actual handling of the shares and the cash flow has to be handled. There are a lot of folks involved outside of the board. Any one of them from an SEC desk jocky to a finance department middle manager to even a janitor could of leaked the info.
+
+With how connected Kenny is to the world of finance, I would think him having some competitive intelligence operative entrenched in his major interests is likely. The second most likely scenario is that he guessed randomly a day before the share offering. I see no other reason why the behavior for an SI cycle would be carried out 5 days before an SI cycle when it has always been 1 or 2 days before an SI cycle. Seems far too coincidental.
+
+​
+
+Q: ([TheDragon-44](https://www.reddit.com/r/Superstonk/comments/oa9ivv/1000_cuts_2_the_hard_way/h3g1j8v/?utm_source=reddit&utm_medium=web2x&context=3))  So June 16th was 14 million options correct? What is t+21 from June 16th? Could that be the new reset?
+
+A:  That is the purchase of options, those options expire at a different date and not all of them expire on the same date, but many of them expire on July 16th.
+**PREFACE**
+
+A special thanks to u/yelyah2 for providing me with option data
+
+Not long ago I noticed an anomalous price action, when the price should have been rising, it was dropping. I ran some math against it and could not find a mathematical explanation and ended up coming to procedural explanation, that the reported short interest would rise as SHF wouldn’t be able to hide their short positions any longer.
+
+[https://www.reddit.com/r/Superstonk/comments/o0mn0y/in\_death\_by\_1000\_cuts\_shf\_just\_received\_their\_999/](https://www.reddit.com/r/Superstonk/comments/o0mn0y/in_death_by_1000_cuts_shf_just_received_their_999/)
+
+I was wrong. I have now found what happened and how this will affect the price action we should expect going forward.
+
+I will break this post down into two parts. Part 1 will be more technical and will present my numbers. Part 2 will be in ape with the crass language that so many enjoyed from my first post, explain the basic concepts at play, and explain how timelines have shifted.
+
+**PART 1 - MATH**
+
+**DATA SOURCES AND REASONING**
+
+I have compiled data from FINRA numbers on the total of reported shorts on any given day for both the normal market and darkpool. Separately I have taken the time to tally all option trades under a certain dollar amount and over a certain quantity on each day as well. I don’t want to reveal the exacts of my query, in an attempt to prevent hedge funds from slightly altering their tactics to avoid detection.
+
+The numbers provided will be used as a basis for understanding how many shares minimally need to be covered before a FINRA SI report settlement. The number of shorts is derived from the number of reported shorts in a given day, minus the number of reported longs in a given day. Effectively, I am working under the assumption that every long trade closes an open short position to find the most conservative estimate of shorting in a given day. Option data is tallied based on the order flow for the day and filtered to find cheap OTM puts and ITM calls that expire on a date later than the current SI report cycle. Using this method, we get the maximum number of options on any day that could have been used to hide shorted shares. To reiterate, the minimum number of shorts, the maximum number of options. I am calculating based on the best-case scenario for the hedge funds.
+
+**HOW FINRA SI REPORTS WORK**
+
+Before we dive into the numbers I want to cover the quick basics on how the SI report works. When a short is created there is a T+3 settlement window. Settlement is when the creation of the short is acknowledged, the receipt effectively. In normal functioning, it is intended to be the period where the person creating the short can find a share to borrow, but when you’re naked shorting the settlement window gives you just another way to hide your movements. FINRA only requires settled shorts to be reported in their bi-monthly reports, which means short sellers can have up to 3 days before the FINRA report to open new short positions without reporting them in the current SI report cycle. Historically, we would see the closing of excess short positions on the day or two before the SI report, but they always had the ability to extend three days.
+
+**DAILY SHORTS CREATED**
+
+​
+
+[Daily short positions on public exchanges and dark pool](https://preview.redd.it/t6z3mt7hs7871.png?width=376&format=png&auto=webp&s=9e32172df438a602d7618c193d94cf2943d34710)
+
+This table displays the minimum number of short positions entered for the SI cycle from June 1st through the 15th. As per usual, the two days before the report date on the 28th, the stock price rose. We can further validate this was covering of excess short positions by seeing the large volume of new short positions created on those days relative to the rest of the chart, especially on the normal market. They simply opened new short positions to balance the ones they closed. Therefore, when calculating the period of June 1st through the 15th, we should include May 26th onward. The report on the 28th stated they had 12.67 million short positions open, so we can take 12.67 million and add it to the sum from May 26th to June 15th.
+
+Following the typical process, they would have started closing their positions for the June 15th report on June 14th and 11th, but that does not appear to be the case, noticing no upward price movements on those days or an excess number of new short positions created. Even pushing the date to the full T+3 on June 10th doesn’t seem to show them covering their short positions. This is where I fell to my previous conclusion that they must have just not covered for this week.
+
+Before I provide a solution however, I need to provide the next dataset, daily option volume.
+
+**DAILY OPTION VOUME**
+
+​
+
+[Maximum shares hidden in options](https://preview.redd.it/e7zytpzqs7871.png?width=344&format=png&auto=webp&s=73666b2bcb79c5902bdf77345aacfc3a7a978a4d)
+
+As mentioned previously, I have taken the time to total the maximum number of shares that could have been hidden in options on any given day. The table above displays the minimum number of shorts opened, the maximum number of shares hidden in options, and the difference being the number of excess short positions in a given day.
+
+**5M SHARE OFFERING CHANGES STRATEGY**
+
+Taking these two data sets together, we can go back to the question of when they hid or closed their excess short positions for the above SI report cycle. The answer is part speculation, part math. I believe the SHF knew the 5 million share offering was coming before it was announced.
+
+If you can accept that assumption, then the behavior changes from typical algo processes to one of manual strategy. After market on the 9th the 5 million shares were announced and affected the market on the 10th. Notice on the 8th and 9th we do see behavior indicative of the end of an SI cycle. On the 8th alone the price climbed 20% in a single hour. I believe, in preparation for the share offering, SHF closed and hid most of their excess short positions and used the rest of the cycle through the 11th shorting minimally, so that the price would move down on the announcement of the share offering and they wouldn’t have any part in propping it back up again.
+
+What this strategy would do is not close any more short positions, but just juggle them so they wouldn’t be seen on the reporting cycle and would have to be hidden away early in the next cycle, which is exactly what happens.
+
+​
+
+[Running Total minimum number of shares shorted](https://preview.redd.it/2tx0e9nzs7871.png?width=425&format=png&auto=webp&s=1b42553fd191ba60ba486d0204eb2f5a33779479)
+
+Note: The running total starts with a base of 12.67 million, the reported SI on May 28th.
+
+Beginning immediately after the 15th, options start running wild and provide a place for hiding of short positions. They did all of it to try and keep the momentum of the 5 million offering, pushing the stock price down and that feeds into the T+21 cycle we all knew was coming. They can choose to exercise some options early, free all those new short positions, and then immediately tuck them into new options, without upsetting the share price. The modest price swings seen on the 22nd and 23rd could have been the remainder of a now stunted T21.
+
+**PART 2 – APE**
+
+**-CONTENT WARNING: BAD WORDS-**
+
+**SUMMARY**
+
+For all you apes whose eyes gloss over when technical details start being discussed, let me summarize Part 1 in language easy enough for you. Instead of letting a computer do the trades like always, the hedgies manually did a sneaky thing to keep the price down. That’s why the price didn’t go up for the short interest report and the T+21 cycles. Even more simply: fuckery is afoot.
+
+**HOW SHORTING WORKS: BLUES CLUES EDITION**
+
+Get your pudding snack and gather ‘round because I’m going to explain how shorts integrate with options and the T+21 cycle at a level a six year old can understand. Since the start of this cluster-fuck that we know as the GME short squeeze the hedgies have been following a simple strategy that is carried out by their computer systems. The hedgies agree to sell you a share today that they don’t have. They’ll buy someone else’s share tomorrow and give it to you. That’s how it’s supposed to work. In reality they don’t ever buy that share they owe you. Your share is a placeholder, they still owe you 1 share, but they want to worm out of their end of the deal. Only way to do that is bankrupt GME; voiding the share they owe you.
+
+There are controls in place to stop this kind of ass-hattery, and that is called Failure To Deliver, or FTD. After so long of not giving you the share they owe you, they will be forced to buy that share for you. That timer is 21 market days. If the timer gets past 21 days, they’ll be forced to buy shares. Sneaky Pete hedgies though can borrow shares from lenders to pay back the shares they owe. Instead of taking one dick in ass today, Kenny opted to take two in the ass tomorrow. Get used to the symbolism of Kenny getting fucked, it’s a metaphor I’m about to run into the ground.  They’ll keep repeating this homo-erotic dance until they manage to hide enough of those shares into options. What are options, you ask?
+
+People bet on what the price of GME will be. They bet the price will go above a number or below a number and other morons can take that bet. It is blatant gambling, but everyone knows it’s fixed and still plays. The bets are sometimes called Options, also known as Puts, Calls, or even Fucking Stupid.
+
+The worse the odds are on a bet, the cheaper that bet is to buy and if you win, you get 100 shares per bet. The hedgies will buy ass loads of cheap as shit bets so that they can cook the books and claim “here’s all those shares we owe you, as soon as the bet pays off”. And just like your crackhead uncle, they are completely full of shit and they’ll never pay you what they owe you. You’re never getting your $20 he owes you and you’re never getting your share the hedgies owe you.
+
+One day though, these options expire and all the shares they had tied to them come crashing back onto their books. The FTD timer starts again, creating a new beloved T21 cycle. They get flooded with so many shares on these dates they have to go crazy trying to get them all under control. Every month this bomb goes off. What was one dick in the ass turns into 50, which is more than any one man can bear, even 🌈🐻 .
+
+**THE FINRA SHORT INTEREST CYCLE: THE OTHER END**
+
+So Ken is swinging bed posts battling off suitors from behind, but he also has polite competition coming in front of him. That sentence can be understood in two ways, and both are accurate.
+
+FINRA is the lazy grandpa who’s supposed to be watching the kids while mom and dad get drunk, but FINRA only is interested in doing the bare minimum. Twice a month FINRA asks for a status report on short positions not an audit though, a self-report. The same game the hedgies can play with their FTD cycles they can play with their FINRA report but on a smaller timeframe. They can create new short shares, promising to pay them back later, to pay off the shares they owe, and if they create these new shorts 3 days or less before FINRA asks for the report, they don’t have to disclose them! All of this adds up to short term debt that, if Little Bitch Ken (as he's known around Chicago) doesn’t handle quickly, will begin piling up. Keeping with the metaphor, if the T21 bombs are fucking Ken in the ass, the short interest cycle is going for his face.
+
+While these dates are bouncing around, SHF are busy buying up as many options as they can, as cheaply as they can, to pretend to close their positions, deflating the current T21s, and fueling up new ones.
+
+**WHAT HAPPENED: THE HARD WAY**
+
+We had a time bomb of opportunity go off on the 9th, a 5 million share offering. I believe Ken The Mayo Man saw that news and seized the carp, turning off the computer and going in raw. Instead of letting the dance play out as it has for months, SHFs stuttered the timing and started their process of covering with shorts on the 8th and 9th before the 5 million offering was announced. How and why? Fuck you, that’s why.
+
+I think ole Kenny had a mole in GME that gave him a heads up on what was coming and was looking for a way to gain tactical advantage on his insider knowledge. If he had to cover for the FINRA SI report and two T21 cycles during a 5 million share offering, it would potentially flatten the price drop. But by juggling some numbers and his balls, he was able to settle the process early. On the 8th and 9th he started shorting with abandon while the stock price climbed, just like you’d see during a normal FINRA SI report cycle, but he was two days early, a full five trading days before the Short Interest Report. That’s fine, because Citadel is a “Market Maker” which is a financial term for someone who is allowed to cheat in the market. Rule 204 of the SEC’s rules on short selling, if a market maker that feels like it, they can extend the Settlement date from T+3 to T+6. ([https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm)) The prick just gets to pick when he wants to declare shorts as settled.  So SHFs bought up a shit ton of options on the 8th and then on the 10th and 11th, more options were bought than shorts created. Drenched in lubricant, Ken slid right under the noses of the FINRA. Then, there’s another classic trick Kenny-small-dick can pull, which is the “forget” to mark batches of shorts as short. Effectively you get to short a stock free of charge! You get a fine for it, but if done strategically you can use it in your moment of need, and Kenny needed it. Kenny only had to “forget to mark” 7% of his shorts for that period to reach 9.67 million open short positions by June 16th.
+
+So, assuming Kenny had inside knowledge and tried pulling a fast one on the FINRA report, he would have been able to make the reported SI go down, the sell off hit harder, and sow some FUD. The catch? He on one new suitor, a third group wiggling in; regulators. Kenny is naked shorting, Kenny is insider trading, Kenny is misreporting, Kenny is a douche bag. All of these things are illegal, and that pound of flesh will come due someday. Kenny is taking it front back and center.
+
+[A great blaxploitation film and a very perinate title](https://preview.redd.it/xi2sdbh8t7871.jpg?width=356&format=pjpg&auto=webp&s=f9dc177bf34073f6b114a0fa38a52de2a68970cc)
+
+**THE T21: I WAS PROMISED TENDIES**
+
+Now you’re up to speed on Kenny’s plan, he wanted the share offering to feel like a falcon punch abortion, and cause as much FUD as he could. If you can glance up at the charts above without having seizures, you might see that on June 16th options purchased went ape shit. There’s a string of massive movements when it comes to option buying that likely was done by SHFs. Typically a large string of options is one or two million, they bought 14 million and then 5 million more the next day. Either those options were used to hide their current excess short position, bringing it effectively down to zero, or they were deflating that T21 cycle to yet again spread FUD and allow the share offering to play out to maximum effect.
+
+**THE FUTURE: WEN MOON (AND TLDR)**
+
+The actual useful bit for everything above is this: Kenny is still fucked (if all the dick jokes weren’t hint enough), but now he’s even more fucked. Like usual, he did a dick move on his way out though and fucked up the T21 calendar. Going forward it might not line up anymore on the cycles we had previously mapped, but now there’s a fucking Fat Man sitting on July 16th and Little Boy in Oct. That’s a World War 2 A-bomb reference, but also those are the street names of two of Kenny’s suitors, purely coincidence.
+
+How 002 factors into anything going forward, or if it does at all I can’t tell. I just know that based on the behavior of the last two weeks, our calendar of hype dates is doubtful. Going forward I’ll keep an eye on these price movements and provide updates and best guesses as to what the current cycle’s progress is. **Just to be safe, I think we should all get hyped every day.**
+
+**EPILOGUE**
+
+This isn’t a moon soon post but I do want to close with one last idea. Kenny’s been in, what will soon be, a sticky situation for months and is trapped. His strategy clearly hasn’t worked to keep the price down. If it had, he wouldn’t need to deploy a desperate and ‘short term win for long term loss’ strategies like the ones he just did. He’s sinking, and it’s moves like the ones he’s making now that really prove his overall strategy isn’t working. Day after day the hedge funds are generating a minimum of tens of thousands, sometimes millions, of shares they can't cover. Their desperate attempts to hide them and juggle them are getting more and more uncontrollable. MOASS isn't a question of if, but when.
+
+I will leave this section for answering questions in the comments.
+
+​
+
+Q: ([Apprehensive\_Royal77](https://www.reddit.com/r/Superstonk/comments/oa9ivv/1000_cuts_2_the_hard_way/h3gg1da/?utm_source=reddit&utm_medium=web2x&context=3))  I'm interested in your assumption that the SHF knew about the ATM offering. It implies that they have insider trading knowledge of Gamestop even after the old board has been removed.
+
+A:  Share offerings have a workflow involved both internally and in terms of regulation. Lawyers have to draft filings, those filings have to be submitted to the SEC and any other relevant entities, accepted and approved, then the actual handling of the shares and the cash flow has to be handled. There are a lot of folks involved outside of the board. Any one of them from an SEC desk jocky to a finance department middle manager to even a janitor could of leaked the info.
+
+With how connected Kenny is to the world of finance, I would think him having some competitive intelligence operative entrenched in his major interests is likely. The second most likely scenario is that he guessed randomly a day before the share offering. I see no other reason why the behavior for an SI cycle would be carried out 5 days before an SI cycle when it has always been 1 or 2 days before an SI cycle. Seems far too coincidental.
+
+​
+
+Q: ([TheDragon-44](https://www.reddit.com/r/Superstonk/comments/oa9ivv/1000_cuts_2_the_hard_way/h3g1j8v/?utm_source=reddit&utm_medium=web2x&context=3))  So June 16th was 14 million options correct? What is t+21 from June 16th? Could that be the new reset?
+
+A:  That is the purchase of options, those options expire at a different date and not all of them expire on the same date, but many of them expire on July 16th.
+Currently I can get margin on Ibkr at 1.546%. Is it a bad idea to burrow a few thousand and drop it on a few dividend safe stocks and use the difference to cover the interest and eventually pay down the principle using only the dividend? I currently have $15000 in Ibkr and im thinking of using around $3k on margin so I dont have to worry about being margin called. Isnt this basically what Smith maneuver is? I just dont have access to a heloc.
+Hi all,
+
+I noticed that I am addicted to buying new stocks in this booming and (seemingly) never ending bull market, but have trouble selling them. I am of the "let the runners run" mentality, but 90% of my ptf is up (to varying degrees). I try to let them run with tight trailing stop losses, but they barely ever hit until my order (usually good for 5 days) expires. I guess it's a "good" bad situation.
+
+Do you guys have advice on how I should proceed? I've attained my yearly objective already and am just riding the ups for now.
+
+Thanks in advance!
+Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need!
+
+Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following:
+
+* Financial goals and investment time horizon.
+
+* Commentary on the reasoning behind your current and desired allocation.
+
+The more information you can provide, the better answers you'll get!
+
+Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor).
+
+---
+
+Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote.
+The changes we’ve made to the agreement include:
+
+an acknowledgement that Wealthsimple will obtain reports from credit reporting agencies;
+
+updates to Wealthsimple Invest, Save and Trade accounts including an acknowledgement of order delays, details on currency conversion of dividends for Canadian dollar accounts, a description of how share certificates are handled and information on valueless securities;
+
+general updates to all accounts including changes regarding the electronic retention and destruction of documents, authorization to use and disclose information needed by third party service providers to provide or operate the services, a software acknowledgement, consent to capturing your electronic signature, updates around verifying personal information, an acknowledgement that oral agreements do not replace the written agreement, an acknowledgement of truthful tax filing and disclosure of tax residence within 30 days of any change, and a description of how unclaimed property is handle, pursuant to applicable legislation;
+
+updates to disclosures surrounding referrals, commissions, market research surveys and a description of when a conflict of interest may arise; and
+
+other updates including a description of how to submit a request for support, terms for market data subscriptions, and a leverage disclosure in the new account application form.
+https://www.marketwatch.com/story/bank-of-canada-cuts-rates-starts-buying-bonds-2020-03-27
+
+What does this mean in relation to those holding index funds containing allocations of Canadian bonds? Will it have any effect on the prices when buying more shares of these indexes?
+I've recently been providing tech support consolidating digital accounts and helping manage MFA settings for a family member whose mental capacity is in decline.
+
+Among those accounts is a self-trading account with various positions and holdings worth a few hundred thousand, and generating dividends that are not insignificant.  In the past few months, they have gone from managing their own trades to not being able to read their account statements. The problem is, I'm concerned about the impact on the estate if either a) I notify the power of attorney and they figure it'll just be easier to sell everything off, and they start making really bad decisions in the name of the "estate." or b) I let it lie, don't notify anyone and their investments tank.
+
+I'm looking for suggestions on how to proceed. In my mind, a third-party, qualified and vetted account manager would help advise the executor so that this account doesn't tear the family apart or have a negative impact on the estate as a whole.  Suggestions?  Help!
+Currently I can get margin on Ibkr at 1.546%. Is it a bad idea to burrow a few thousand and drop it on a few dividend safe stocks and use the difference to cover the interest and eventually pay down the principle using only the dividend? I currently have $15000 in Ibkr and im thinking of using around $3k on margin so I dont have to worry about being margin called. Isnt this basically what Smith maneuver is? I just dont have access to a heloc.
+I personally do not have a side hustle, as I'm in software sales.  To me, it makes more sense to spend an extra 20 hours a month to land a $5k commission, plus it allows me to flourish in my current position which means raises and opportunities to make a larger base pay at another company.  
+Most, if not all of those posts are just idiots who either clicked on suspicious links or had a stupid fuck-up they either don't want to admit to or are oblivious about.
+It is difficult to have your system compromised or to "hack" your software wallet. Most of the hacks are social engineering that ignorant people are susceptible to.
+Please be vigilant about every link that you click, where you save your seed phrase, which smart contracts you interact with.
+And sim-swapping is very real (although difficult and expensive for hackers to carry out), just get a token-based 2fa.
+
+It annoys me when people spread rumours about "hacks" when 99.9999% of the time it is their stupidity that caused it.
+
+Edit : At this point I want to make it clear. I use the word hack as system/software-level exploits. Social engineering is a form of hacking, but new users tend to associate the word "hack" as some kind of computer wizardry to steal their crypto. And I am writing this post in that context.
+Most, if not all of those posts are just idiots who either clicked on suspicious links or had a stupid fuck-up they either don't want to admit to or are oblivious about.
+It is difficult to have your system compromised or to "hack" your software wallet. Most of the hacks are social engineering that ignorant people are susceptible to.
+Please be vigilant about every link that you click, where you save your seed phrase, which smart contracts you interact with.
+And sim-swapping is very real (although difficult and expensive for hackers to carry out), just get a token-based 2fa.
+
+It annoys me when people spread rumours about "hacks" when 99.9999% of the time it is their stupidity that caused it.
+
+Edit : At this point I want to make it clear. I use the word hack as system/software-level exploits. Social engineering is a form of hacking, but new users tend to associate the word "hack" as some kind of computer wizardry to steal their crypto. And I am writing this post in that context.
+I have been reading lot of posts about clean energy stocks (ex: ICLN, TAN, PBW) and mostly noticed people are holding them from last year. Currently I do not have have any positions in this sector. In last few weeks price action for these stocks ran quite a bit (with Biden's win). So I wanted to get opinions on whether it's still a good investment to get into in these stocks? If yes, which would be recommended? Is any short term pullback expected? Any suggestions on this subject would be greatly appreciated. Thanks.
+
+Edit: Thanks everyone for the valuable inputs. Got 50 ICLN 35 calls at 4.4 July 16 exp.
+Hi Everyone,
+
+Before you even bother reading the rest, click here to view yesterdays certificate from [onetreeplanted.org](https://onetreeplanted.org) (800 trees planted) - and we are just getting started.
+
+\- [https://twitter.com/SAFETREE3/status/1376337914997526530/photo/1](https://twitter.com/SAFETREE3/status/1376337914997526530/photo/1)
+
+**SAFETREE** \- The Worlds First Fully Interactive **CLIMATE & ENVIRONMENTAL** Coin - Committed Too Bringing Back **Forests/Wildlife/Habitats**
+
+​
+
+This is a nice, short sweet and hopefully encouraging reason to invest in the absolute greatest **COIN** of our generation, and no I'm not saying that lightly, this coin has the potential to be up there with the greats, I'm talking a 1000x
+
+​
+
+**Website:** [www.safetreecoin.com](https://www.safetreecoin.com)
+
+​
+
+The whitepaper is simple - the more people who invest into **SAFETREE**, the more **SAFETREE** 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 SAFETREE'S** Cause!
+
+So, What makes this easily **THE BEST** investment of 2021? ill start here:
+
+​
+
+***(REFORESTATION PROGRESS) -*** [***https://www.safetreecoin.com/pages/tree-planting-worldwide***](https://www.safetreecoin.com/pages/tree-planting-worldwide)
+
+1. **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
+
+\- **CERTIFIED** by [onetreeplanted.org](https://onetreeplanted.org) one of the greatest worldwide non-profit 501(c)3  Tree Planting Charities
+
+\- [Reforestnow.org.au](https://Reforestnow.org.au)
+
+​
+
+***(WALLET DISTRIBUTION) -*** [***https://www.safetreecoin.com/pages/token-usage-alerts***](https://www.safetreecoin.com/pages/token-usage-alerts)
+
+**FIVE** Separate **SAFETREE** Wallets, with specified and allocated **TOKENS** in Each for the following:
+
+Meaning **NO** RUG PULLS.
+
+Wallet 1 -   **\[Natural Disaster Reforestation / Relief Fund\]**
+
+Wallet 2 -  **\[Agricultural Reforestation Fund\]**
+
+Wallet 3 -  **\[General Tree Planting Allocation Fund\]**
+
+Wallet 4 -  **\[SAFETREE Marketing Fund\]**
+
+Wallet 5 -  **\[Exchanges & Listings Fund\]**
+
+This can be found and confirmed here [https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances](https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances)\\
+
+​
+
+***(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.
+
+​
+
+This coin had an **AMAZING** Prerelease!, with extremely steady holders and also some major investors!
+
+​
+
+**How To Buy** \- [https://www.safetreecoin.com/pages/how-to-invest](https://www.safetreecoin.com/pages/how-to-invest)
+
+**Pancakeswap Link** \-  [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171)
+
+**Roadmap** \- [https://www.safetreecoin.com/pages/project-roadmap](https://www.safetreecoin.com/pages/project-roadmap)
+
+**Whitepaper & Tokenomics** \- [https://www.safetreecoin.com/pages/project-whitepaper](https://www.safetreecoin.com/pages/project-whitepaper)
+
+​
+
+And the best part? all you have to actually do is just hold some tokens, and see where it goes, come back in a few months a year...the amount of traction this coin is getting in such a **SHORT** period of time is mind-blowing.
+
+​
+
+Mark my words, you will look back on this post in **6 MONTHS** or so, and wonder why the hell you didn't listen and get in whilst it was just beginning, it just makes sense, and who wouldn't want to fight to keep our forests and wildlife thriving.
+
+​
+
+[www.safetreecoin.com](https://www.safetreecoin.com)
+
+​
+
+**Telegram** \- [t.me/safetreeofficial](https://t.me/safetreeofficial)
+
+**Twitter** \- [https://twitter.com/SAFETREE3](https://twitter.com/SAFETREE3)
+
+**Reddit** \- r/SafeTree
+
+**/remindme6months**
+
+​
+
+**IMPORTANT:**
+
+(Remember to look at those who comments post history, the first comment calling this a scam was pumping 3 different p&d coins in comments hours ago that were the definition of **PUMP & DUMPS. (safestar,elongate,moonlander) -**
+
+(*They downvote/bot comment all projects that are not one of there pump and dump coins so they can reach the front page faster)*
+
+*(All comments from one coordinated discord group - just ignore them, you see what we do, the receipts the untouched wallet tokens, that's all you need to make a good decision.)*
+
+**username:**
+
+[vxrz\_](https://www.reddit.com/user/vxrz_/)
+
+[xkx\_sh](https://www.reddit.com/user/xkx_sh/)
+
+[z\_z1](https://www.reddit.com/user/z_z1/)
+
+[Orys\_\_\_](https://www.reddit.com/user/Orys___/)
+So I started playing with scalping Thursday. In the morning, I Google “most volatile stocks today” and make a watchlist in ThinkorSwim and add stocks from the list with high volume, usually $15 a share or under. I have RSI set to a length of 5. When a stock on my list drops below 20 RSI, I’ll throw some money at it. If it still drops, I’ll average down. When the share price is up by a cent or a few cents from my average buy in, I sell. I made dozens of trades in the last two days and only lost money on like three of them. I bought anywhere from a few hundred to a few thousand dollars per trade. 
+
+That’s it. Super simple but I made way more money than I expected. Am I just getting lucky? It can’t be this easy, right?
+
+I’m 29, grew up poor with no concept of financial literacy, let alone retirement planning. I also spent most of my twenties doing odd jobs and travelling which I feel has set me back a few years compared to my peers. It wasn’t until a couple of years ago that I would start taking my career and retirement planning seriously. 
+
+My current salary is at 50k which isn’t much but i think it’s good enough for my level of experience. I can probably expect to be on at least 70k within the next year or two. 
+
+I have 7k in cash, 5k in my retirement fund, and 28k in student loan. Even though I try to live as frugally as possible without sabotaging my mental health, I constantly feel like I’m falling short. I think growing up poor has permanently shaped my relationship with money, and amplified by my lack of early career planning, I just feel so behind and find myself always penny pinching. 
+
+I don’t want to be fucking cheap, I don’t want to be calculating everything in terms of cost, I don’t want to be checking my bank account 20 times a day, I don’t want to put so much time and energy into finding bargains just to save a few dollars.
+
+In order to combat this I started putting away $30 a month of ‘generosity fund’ for things like donations to a charity or supporting friends’ businesses but in general I hardly feel like I can afford to be spontaneous or generous.
+
+Im feeling frustrated cause my journey to FIRE is slow and I’m not able to live by my values while trying to play catch up game. How do I find the balance? I’m mostly concerned about being cheap, it’s not who I want to be nor how I want to live. Any tips or ideas on how to liberate myself from living with such a scarcity mindset?
+Earlier this year my dog was brutally mauled by my other dog. It happened in the midst of a financial jam for my business so I applied for and was approved for care credit at the local vet office.
+
+About 3 months had passed and I realized that I had never received a statement from them. I had called the 800 number and spent about an hour on the phone with them and was told they could not find a record of me, which I thought was incredibly strange.
+
+That same week I started to receive collection calls from them and quickly learned that the vet that entered my application entered the last digit of my social security number wrong and incorrectly used my previous address from when we first started visiting the vet.
+
+Not a problem. I’ll have synchrony update the information and pay the account off. Nope. I’m stuck in a never ending loop.
+
+They won’t provide me with an account number to correct the issue because I can’t validate the information on the account. I can’t make a payment through their automated systems because I don’t have the account number. They won’t take a payment when they call me 5 times a day because I can’t validate my social. 
+
+I’ve been directed to their fraud department and have told they would investigate and I never here back. I’ve been trying for months to correct this issue.
+
+Now it’s reporting 180 days past due on my credit report for $500. How and why it’s reporting on my credit without valid information baffles me. I’ve bought multiple credit reports trying to get the account number and none show the full number
+
+I’ve tried redirecting my mail from the old address again and I have not received anything from synchrony or care credit.
+
+Please provide guidance, this tanked my score from the mid 700s.
+
+Edit: thanks for the advice everyone! I’ll defiantly try a few of the approaches listed below!
+I saw the tweet from Trimbath, claiming the US needs to adapt the FTD rules from the EU.
+
+So, if she says the rules in Frankfurt are better, why should we not buy our shares in a better regulated market?
+
+Just something I’m wondering about. Don’t mind me, I’m just a DD reader.
+**TLDR: Ridesharing companies' massive valuations are based off of a driverless taxi future. However, it seems that in this future almost all the profits will go to the companies that have solved the hard tasks of manufacturing the cars and designing the self driving AI software, not the relatively easy to replicate task of building the app that customers use to order the taxis. What am I missing here?**
+
+In light of the Uber IPO next year I've been thinking about the multi billion valuations for ridesharing companies like Uber/Lyft/DiDi/Grab.
+
+As far as I can see, their perceived value comes from driverless cars. The idea is that in the future many people won't even own a car, they will just call up a driverless taxi when they want to go somewhere (the combination of no drivers' salaries and the fact that cars being able to drive 24/7 will reduce the number of cars that need to be bought will make the taxi services cheaper than owning your own car). Ridesharing companies, as the tools with which customers call their robo-taxis, will hence get a big slice of this multi-trillion dollar market.
+
+However, I can't understand why these ridesharing companies get a place in this driverless future at all. As far as I can see, we can break down the driverless taxi service into three components:
+
+* **Manufacturing the actual physical cars.** This is a very difficult engineering challenge; it requires both great industry knowledge and a large number of factories. This "moat" makes it hard for someone to just come in and start their own car manufacturing company, which in turn ensures that the company can have a decent markup/profit on their cars.
+* **Designing the AI software that drives the cars.** Again, this is a very hard engineering challenge which ensures that there's a "moat" that stops competitors and hence safeguards profits.
+* **Building the app that people use to call up the taxi.** I'm not saying this task is entirely trivial, but (speaking as someone who works in tech/AI) it's not that hard for a reasonably large tech company to quickly make a reasonable looking app that lets users order a taxi, and it's definitely nowhere near as hard as the first two. As far as I can see, there's very little "moat" here, anyone can easily move into this area, which means that there's very little profit available in just running the app that people use to contact the cars.
+
+As far as I can see, if driverless cars become feasible/reliable, then it's very likely that the companies with the driverless AI software will just buy cars (or partner with car manufacturing companies) and launch their own taxi service because there's no way that they're going to let Uber/Lyft/DiDi/Grab act as a middleman and keep a big slice of the profits. I suppose that the existing ridesharing companies could stay in business by cutting prices until they're only marginally higher than the cost of cars+driverless software, but then they're not gonna make much profit and hence don't justify their current massive vaulations.
+
+I've seen a couple of counterarguments to this, but they don't make sense to me:
+
+* **The ridesharing companies can build/are building their own driverless car technology.** Firstly, driverless car technology is extremely difficult, and from what I've read, companies like Uber are well behind the industry leaders like Google's Waymo and GM Cruise. Furthermore, I don't see why starting work on driverless cars (or claiming you can make them in the future) justifies the huge valuations that ridesharing companies currently have; surely it makes more sense to give a large valuation to the startups that have made the most progress in driverless cars (the technology that's hard to replicate) rather than the startups which have so far only proved that they can build a taxi app (the technology that's very easy to replicate).
+* **The network effect/brand loyalty.** From what I can tell, this just doesn't really apply much to taxi services. All the available evidence has shown that consumers pick the cheapest service that  can keep waiting times below 3 minutes (i.e. there's no extra network effect once your company has a certain number of cars in a given city). If I recall correctly the driver's salary is about 85% the cost of a taxi ride; while ridesharing companies can cut this cost a bit, the reality is that a company with good driverless car tech could easily undercut ridesharing companies by a ridiculous margin while still remaining profitable. In terms of reaching the number of cars needed to keep waiting times below 3 minutes, a large company like Google can just buy the cars needed to achieve this in a given city, take over the market in that city, and then move onto the next one (this is a bit different to something like Facebook where there's a global network that is harder to disrupt unless you can convince a large number of people all over the world to move to your service at the same time).
+
+Of course, there's a reasonable chance that driverless cars will prove to be infeasible with current technology. But then the main "nobody will own their own car any more" value proposition for these companies is gone. And furthermore, due to the lack of proper network effects that I mentioned earlier, it's unlikely that these companies will be able to make much profit at all (since someone else will come in the moment that they try to jack up prices). Hence again I can't see why these companies have such high valuations.
+
+What am I missing here? Why are the valuations for these companies so high?
+I'm moving, and most of the apartment buildings expect to see proof of 3x rent as income.  These are corporate-owned buildings, so the people in the leasing office don't have much flexibility in terms of waiving some of those criteria.  I'm already looking into privately owned apartments so I can work with the owners directly.  But is there a way around this issue?
+ **Stock Market For Beginners-Free Guide** is not only about basics of stock market like what is stock market,who can buy and sell etc.
+
+But this guide will help you to increase your knowledge by understanding advanced topics described below.
+
+Go to content source to read-[https://stockwizaards.com/stock-market-for-beginners-free-guide/](https://stockwizaards.com/stock-market-for-beginners-free-guide/)
+My uncle has a bakery and he initiated this question what if we accept both cash and crypto? Then this question came into my mind what if we "only" accept Bitcoin? 
+
+I remember a long time ago a person told me as a fact that businesses in the US can not deny cash/card payments but I might misunderstand. 
+
+I am sure someone has asked this type of question before but I just wanted to also know more details about which law exactly will be violated if such a thing is illegal. 
+
+Also would a restaurant (physical entity) and an "online business" make any difference?
+Hey all, perhaps a stupid question, here. I have been finding myself more and more interested in investing recently, but I am hitting a bit of a wall in my understanding. I want to go out and buy guides and books, and keep track of financial news and actually, you know, *invest*, but whenever I read things such as [this](http://www.usatoday.com/story/money/personalfinance/columnist/2017/03/08/buffetts-best-investment-tip-everyone-index-funds/98525306/) where it is implied that even hedge funds cannot consistently beat the S&P...I wonder what the point is?
+
+I am not in this to get rich quick, but I do want the best way to accumulate money as possible (in 10, 20, 30 years, I mean) without having too much risk. I'm a fairly smart person - at a top 10 world uni for maths, so I *seem* to be okay at picking up stuff - but is that enough, even with practice and learning? Am I almost certainly better off investing in an index fund and not having to worry too much rather than spending time actively choosing stocks and other assets?
+
+Apologies if I'm using the wrong terminology or am just painfully ignorant on the matter.
+Over lockdown I created a website that lets you search the holdings of every fund but also allows you to custom search, rank and filter based on your own criteria. For example you can filter/search for stocks based on these criteria:
+
+*How many funds hold the stock*
+
+*How many funds are increasing/decreasing their holding vs last quarter*
+
+*How many funds have entered/exited the stock vs last quarter*
+
+*How many funds have the stock within their top 10 holdings by value*
+
+*How the stock price has evolved over the last two quarter*
+
+There are websites out there that cosolidate this data but I got annoyed having to search stocks and funds individually - they didnt allow me to mass search and filter down on specific criteria. Plus for any more premium features you had to pay. I have made the site fully free with no ads.
+
+I would be absolutely thrilled if you could check it out and let me know any feedback at all no mater how small.
+
+Check it out here: [https://www.track-funds.com](https://www.track-funds.com/)
+I’ve seen the prices of this stock rise & fall in several cycles over the last 6.5 years. Im thinking I may be able to exit my position & get back in at roughly $100 sometime over the next 60 days. Thoughts?
+Disclaimer : I already own a good chunk of it, and i'm considering getting more.
+
+Last quarter they reported sizeable positive EBITDA and **actual profits** of 29 millions, while literally every other aviation company are losing money by the buckets. Somehow this seems like it's not quite common knowledge as all aviation articles mentions that everyone loses money.
+
+So my thinking is : CHR is a leasing company. Basically third party airlines sign contracts to get the planes, and whether they use it or not they need to pay CHR anyway. It's said that because the planes are grounded, the airlines are losing money. Losing money to who or what? CHR i would say, it's like they are the grim reaper of airlines, because they are collecting money regardless. From what i read a lot of the airlines that are in difficulty had their payment deferred in 3-12 months. (0-9 months now). So even with revenue down, the money will come in later. People were scared that the money would not come in if these airlines in difficulties were to go under, but now if they get gobbled up by the CAN gov, the money will be coming in no matter what? And since CHR itself is not in danger of going under it seems very unlikely to get bought up at a discount by the gov, in my opinion.
+
+Quarter results are gonna be coming on the 11 November 2020. I would bet all my stuff on the fact that they are still gonna be in the green because of the deferred payment coming in... maybe even more green than last quarter. I'm thinking this will pay out a lot faster than getting AC would. Also it is a PE of 5.10! Which looks pretty good by itself.
+
+Anybody please convince me that it is a bad idea to go balls deep in CHR before tomorrow market
+Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need!
+
+Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following:
+
+* Financial goals and investment time horizon.
+
+* Commentary on the reasoning behind your current and desired allocation.
+
+The more information you can provide, the better answers you'll get!
+
+Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor).
+
+---
+
+Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote.
+I will do as DFV told me to: Use my pen as a weapon.
+
+[https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20](https://twitter.com/TheRoaringKitty/status/1405163374351167497?s=20)
+
+# Let's talk about Chess. Do you play?
+
+Even if you don't play chess; you might be surprised to learn this entire GameStop saga is, at it's core, just one part of a much larger **global financial chess match**. RC showed us this long ago, in a picture accompanying his Forbes interview released 08/16/2020: **a full 14 months from the date of this post** and **5 months before the January Gamma Squeeze run up**.
+
+https://preview.redd.it/u9lfbsdmiit71.png?width=960&format=png&auto=webp&s=4a24f2860222e3476ee52642dd4bf1478b52be31
+
+[https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=78eed7ec5840)
+
+# Understanding RC's Chess Photo-Op. "A Picture Is Worth 1,000 words"
+
+We can observe RC sitting in the middle of a chess board, wearing a blue shirt, black pants and Blue Suede shoes. Obviously chess is a reference to strategy, but there's a lot more in this picture than an entrepreneur on a chess board.
+
+For instance, the **chess pieces are placed specifically**, displaying the **White King in checkmate.**
+
+There is a similarity between a checkmate situation and a short squeeze in that there is "no way out", no solution.
+
+**RC is telling us he "plays black" in this chess game; and has the white king in checkmate. He has been aware of the threat GME (a stock shorted over 100%) poses to an entirely corrupt system. He knew of this checkmate at least 5 months before the gamma run-up (I'm guessing he discovered stock corruption after Chewy was naked shorted; and went down the rabbit hole like Patrick Byrne and the rest of us have in an effort to discover reality).**
+
+# Pawns = Apes/Retail Investors
+
+The **black pieces outnumber the white pieces 7 to 4** and most of the remaining black pieces are pawns; **Retail traders are represented by these pawns**, retail investors simply outnumber hedge-fund shorts/"those that play white" by our sheer volume. A pawn is a piece that is not especially useful by itself, but when used as part of a larger strategy, their unique properties can provide an extreme advantage.
+
+**Apes (pawns) outnumber institutions because apes own the float multiple times over.** You'll also notice that most of these **black pawns are on the other end of the board then the black king**.
+
+In the game of chess, getting a pawn to the end of the board results in an opportunity for that player to "switch out" their pawn for a piece that was previously taken/killed. This allows the **pawn to be "upgraded"**. This is **what will result from MOASS**, (in a financial sense). **A sense of higher awareness of information and involvement** has already resulted; as I would contest that many apes have become aware of complex mechanisms in our market (and society); as well as the prevailing (and protected) reasons for many of the issues we observe.
+
+What RC was telling us a full 14 months ago; is that **pawns are ready to "upgrade".** After MOASS, many more **powerful pieces will change the landscape of the board in "The King's Game".** Apes will possess significant financial influence post squeeze, this is what scares the Uber-rich most.
+
+**RC knew the float was shorted over 100% in October of 2020.**
+
+**He knew that he had the wealthiest individuals in the world, and the entire global financial system in checkmate an entire 5 months before the January 28th Gamma run-up**.
+
+I will also point out that there are **7 black pieces, 4 white pieces and 1 human on the chess board.**
+
+**741. Almost 14 months ago. Wow.**
+
+# Chess is known historically as "the Kings Game"
+
+but **why is it referenced this way?**
+
+[https://wegochess.com/why-is-chess-called-the-game-of-kings/](https://wegochess.com/why-is-chess-called-the-game-of-kings/)
+
+>**Is chess being called the game of kings because of history?**  
+>  
+>For the most part, **chess has been called the game of kings since the king piece in chess is the center of all objectives involved in the game.** It essentially means **a game with kings that fight each other.**  
+>  
+>**there are more beginners than pros in chess.**  
+>  
+>**Chess was originally called the Game of Kings** in a past era in India (where the game originated) because the central figure is **the Shah or King. The game ends in Shahmat (literally translated to: The King is Dead).**
+
+**Checkmate. "You killed Kenny! You bastards!".** 
+
+**Fun Fact:**
+
+Additionally, Citadel's logo design (as well as a traditional citadel in medieval times is modelled the "Rook" chess piece). Historically, These fortresses acted as the "inner sanctum" of a defensive core protecting a castle that housed royalty. 
+
+Defeating Citadel is the key first step to a checkmate. Taking out the rook by way of GME squeezing will cause Citadel to collapse completely).
+
+[https://en.wikipedia.org/wiki/Citadel](https://en.wikipedia.org/wiki/Citadel)
+
+[ The functions of the police and the army, as well as the army barracks were developed in the citadel.](https://preview.redd.it/rw70si6d4gt71.png?width=1312&format=png&auto=webp&s=03848b0e0c84477ed9ea65b2ad1e6a26e48d7fc7)
+
+Credit to: u/Ren3666 for this amazing meme that highlights Citadel's role. Have fun finding the easter eggs:
+
+[Who Plays White? Cheat Sheet.](https://preview.redd.it/x15clt740nt71.png?width=694&format=png&auto=webp&s=6e58e1db20b853787b1b6ded17d1ca10bfb25974)
+
+I would argue checkmate will be achieved once the NFT dividend is released. Naked shorts (especially when leveraged 1000x naked short GME) will be completely ruined by GME short squeezing. It would defeat an opponent such as Citadel in The King's Game.
+
+but if you are a fan of history; you will know that the French Revolution did not result in any long standing change; as much of royalty's kin survived and maintained access to an immense amount of wealth that still allowed complete capture of governance and regulation.
+
+What **GME will accomplish**; is **a completely peaceful bankrupting of financial dynasties** that have held immense influence in this world for centuries. (GME is the greatest transfer of wealth in the history of time, and don't forget that this one stock threatens the ENTIRE GLOBAL FINANCIAL SYSTEM).
+
+**I'm not saying Ken is "the King"; and obviously Shabatt is not to be taken literally but I would contest that a GME MOASS would result in a severe bankrupting of several billionaires. The erasure of entire financial dynasties siphoned directly to apes.**
+
+# The Consequence for Naked Shorts is Grim.
+
+Bankruptcy that you cannot recover from. This occurs when someone worth several billion (who have also financed several billion using assets as collateral) loses everything they have. This results in access to no capital and hundreds of millions of dollars of remaining debt
+
+​
+
+>**Shahmat is the word where checkmate is derived from,** a lot of things in **chess focuses on the king, protecting it,** and **attacking it** that **people will start noticing.**   
+>  
+>**The game of kings may mean the game for royalties (referencing) the relevance of chess to the medieval society’s nobilities (royalty).**   
+>  
+>It may have been called the game of kings **since chess has traditionally been a game popular for royalties in the medieval society**, so it may have an origin there.  
+>  
+>Monarchies have banned chess for a really long time, (therefore) **chess has been treated as a game that is played by royalties.**
+
+I am of the belief that a potential reason why Royals banned chess in several monarchs was to ensure the chess pieces (average citizens) did not realize the game that was taking place. This may allow opportunities for soldiers to realize they are simply seen as pieces on a chess board (from a strategical standpoint) and reject the lack of humanity approach to a situation with a large loss of life.
+
+# If RC plays black; then who plays white?
+
+First off: Statistically speaking; White wins 52%/56% due to the advantage of being able to move first.
+
+**Much like hedge-funds**; who front run trades, often individuals of extreme inherited wealth have an overt **advantage** over those who do not have the luxury of access to billions of dollars of capital. simple economics.
+
+The Uber rich; those that have imposed a fraudulent market on so many through deception, exploitation and fraud (often through way of the naked short seller).
+
+Those that "play white" are "the old guard". Those that have absorbed an obscene amount of wealth through the creation of a fiat central banking order. Among this group of foes who "play white" include the largest financial institutions on the planet, The DTCC, hedge-funds, banks, central banks, Ivy League colleges (who heavily invest their endowments into hedge funds and have several alumni and professors employed within the financial sector and central banking system). 
+
+# Extreme Wealth and Corruption
+
+Wall Street, Royalty; the Uber-Rich. the top 1% of the top 1%. Financial dynasties that are responsible for the unimaginable wealth inequality we witness in our world today. 
+
+Owners of the brokers we despise and who defraud us; who donate to our politicians to poison the well of democracy; who naked short stocks in meticulous, long spanning arbitrage plays to create monopolies.
+
+This playbook is old as time, from Ken Griffin to Steve Cohen, Gabe Plotkin to Michael Milken, Sam Israel to Jeffery Sass, Carl Icahn to John D. Rockefeller. History repeats and many fail to pay attention. 
+
+Many may be unaware that Bernie Madoff was an infamous naked short seller (while being the CEO of Nasdaq), as was Michael Milken, both had an association with organized crime. 
+
+I would explain more here if I had time but I will say if you want to understand this complex world better; look into **FINANCIAL HISTORY.** Observe the origins of hedge funds; their main investors from the 1600's to 1980's. The dynasty's built. The richest organizations that stand today. There are reasons for the imbalance you see in this world.
+
+https://preview.redd.it/ufj5g6slymt71.png?width=800&format=png&auto=webp&s=08feb99c4c46176395e767af4138ca79e178d98f
+
+# Throughout every single one of his tweets, RC always wears black:
+
+Arlington; wearing all black:
+
+[You'll notice a copy of \\"Batman: Arkham VR on the left side of the picture slightly out of frame. Batman is known as \\"the dark knight\\". If you scroll up to the chess photo, you will observe a black knight on the left side of the picture slightly out of frame.](https://preview.redd.it/qfa1ndpaiit71.png?width=1682&format=png&auto=webp&s=2fbccd2ae794e7cc296d4a938a18737b5f05424d)
+
+Florida tweet; wearing all black:
+
+https://preview.redd.it/fz8yycxrhit71.png?width=822&format=png&auto=webp&s=8ed00438e4a5636005e2093bd069675bda4ca9f8
+
+Chopsticks tweet wearing black:
+
+https://preview.redd.it/vyyezkv4iit71.png?width=675&format=png&auto=webp&s=61b5d5b9844abeda151c334fcf442c0f18c12924
+
+Culver City, wearing all black.
+
+https://preview.redd.it/yj3g8a9o0mt71.png?width=646&format=png&auto=webp&s=0ac5abbb833488d0745aed9768adb101905b5c76
+
+**There is one exception**; this tweet. RC is wearing a white shirt wearing googly eyes, laughing hysterically.
+
+I believe he is **taunting those that play white**; laughing at the checkmate situation and how incredibly fucked this entire corrupt system is because of GME. This could be a stretch but this is my interpretation.
+
+https://preview.redd.it/p5zd7tfuhit71.png?width=806&format=png&auto=webp&s=2cbab0b14df9f76ce73c119e3eea9011e0576770
+
+# Other Observations pointing us to Chess:
+
+**Gamestop changed their logo to black and white (chess colors). No more red, remember?**
+
+**RC's profile is in black and white (chess colors)**
+
+# GME threatens the existence of the current financial rule.
+
+We'll look to a Market Maker; **Mr Thomas Petterfy,** who you may remember being featured on CNBC during January's Gamma runup. He naked shorted (and assisted traders naked short) GameStop. As a result of these poor choices, he was forced to margin call all of his clients who were naked short GME and I was forced to laugh very hard at rich people losing a lot of money (fuck em').
+
+# Thomas Petterfy's Interview right after the January GME run up:
+
+[https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html](https://www.cnbc.com/2021/02/17/interactive-brokers-chairman-thomas-peterffy-on-gamestop-frenzy.html)
+
+When asked what would happen if the brokers did not pause buying:
+
+>**"The price would rise indefinitely."**
+
+When discussing the issues brokers faced during the January Gamma runup:
+
+>"**We have come dangerously close to the collapse of the entire system"**  
+>  
+>"**There’s a hole in the system that we immediately have to stop".**
+
+The exceedingly rich are playing a game of financial chess and RC and apes have them in check completely.
+
+# RC has known he has the white king checkmated for at least 14 months.
+
+Until now, there has been no way to fight back against a corrupt, unjust, broken system that rewards criminals. **GME is the solution** to a system that has been entrenched in fraud and deception. A rigged system that fattens the bellies of the gluttonous while millions suffer.
+
+I think RC is trying to make us aware of the battle being fought against a common foe. **GME is one part of the answer to the regulatory capture stalemate**. and those that play White are completely fucked.
+
+**You are more than welcome to believe what you want.**
+
+**Regardless, The rich get richer; and the poor get poorer. Until the Game Stops.**
+Do you really expect us to accept defeat in the 2nd quarter, and roll over to daddy wall street because that's how it's always gone in the past? Of course the system is fucked, it's all rigged, and they've always cheated their way to victory up to this point...but there have NEVER been this many eyeballs glaring with passionate rage into their evil souls at the same time, banding together to curate intel on their corrupt actions, and spreading the energy to people who had never even thought about how fucked this system is until this GameStop warzone was born.
+
+I don't care how many shills and/or weak-minded people call me naive for having hope that this time will be different. I'm going to fight like hell to ensure that they all burn, and I know that my brother & sister apes will ride with me til the fucking end.
+
+And if we're wrong, and they do ultimately find a way to weasel their way out?
+
+So be it. We're already a lock for the history books for how hard we've spanked the hedge funds through our efforts, and I will sleep peacefully knowing that I gave it my damndest, along with the millions of other apes spending countless hours contributing to the mission.
+
+For many of us, this is the most important movement we've ever been a part of.
+
+Now let's FINISH THE JOB.
+
+🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍🍌🦍
+I (26F)had my 7k loan since 2019 and am excited to say I've paid it off a bit early. It's going to make my life a lot easier ! I'm thinking of doing something to celebrate but I haven't decided, any ideas?
+I am a retirement and pension actuary, and something about the 4% rule has always puzzled me - why phrase the question as what is the SWR such that the probability of not running out of money after 30, 40, or 50 years is 95%?
+
+This does not consider 1. starting age, 2. mortality experience, or 3. a stream of income paid over a lifetime instead of a fixed number of years.
+
+Instead, using a mortality table, one could calculate the SWR starting at age X for withdrawing Y% per year of the initial balance, adjusting for inflation, with a  probability of 95%+ of never running out of money over one's lifetime (i.e. instead of a fixed number of years, 30, 40, 50, etc.)
+
+The way pension math works is that one can calculate an annual payment ("withdrawal") based on an initial account balance, with each payment discounted back to the present day with interest + mortality. For example, one assumes a payment could technically still be made at age 110 if the person lives that long, but it is discounted steeply back to the present day because the probability of living that long might be 0.000001.
+
+I'm imagining a calculator, assuming a standard mortality, that I would like to build with the following inputs:
+
+\-Age at retirement
+
+\-Account balance
+
+\-Target safety % (i.e. 95% chance of never running out of money).
+
+\-Return on stocks %
+
+\-Return on bonds %
+
+\-Inflation %
+
+The calculator would then give a true SWR because it considers that 1. you can retire at any age and 2. you might live any number of years into your retirement, including the possibility of extreme ages.
+
+This is much, much better than choosing an arbitrary 30, 40, 50 year period, because 30 years starting at age 35 is different in mortality experience than starting at age 65.
+
+Thoughts?
+It's a discussion we have periodically - some people are paranoid about the penalties if you oversave in a 529 and then it turns out your kid doesn't go to college, or goes to a cheap college, or any other circumstance you don't need some or all of the money for education. So they advocate for saving in a taxable account instead. 
+
+What are the differences? Well, there's two big ones. Some states offer a tax credit for 529s, though many don't. In addition, in a taxable account, you have tax drag on dividends, and in a 529 you don't. I wanted to see exactly how big the difference was between the final, post-tax amounts, for the two accounts in the scenarios when 0%, 33%, and 100% of the saved amount was qualified expenses. Math is run just for a few representative west coast states. NV/WA stand in for states without an income tax. AZ and OR have moderate and high state income tax respectively - with a small tax credit that somewhat makes up for it. CA has no tax credit, high income tax, and an extra penalty for non-qualified distributions.
+
+Assumptions here:
+
+1) We have a high-earning couple (I picked tax brackets for a couple earning ~$200k, as that's not *that* unusual on this sub) that maxes out all other tax-advantaged accounts, thus the only options for college savings are 529 or a taxable account
+
+2) They save $10k/year at the beginning of the year from birth until age 18. For states that offer a tax break/tax credit, our enterprising couple puts the full amount of the tax credit into the 529 along with the $10k (that is, if given a $300 credit, they put $10,300 in each year). I picked this as a fairly large # so that differences would be easier to see - but proportionally the biggest benefit to the 529 is actually going to be just enough to max the state tax credit ($4000 for AZ, $6000 for OR). For states without a tax credit, it is identical proportional benefit no matter the contribution as long as the tax brackets don't change.
+
+3) Growth is 7%/year of which 2% is dividends. In the taxable account, dividends are taxed at 15% plus their state tax bracket. In the 529, dividends are untaxed.
+
+4) Penalties on non-qualified withdrawals are the income tax rate plus 10% in every state except CA - which adds an extra 2.5%.
+
+5) It's assumed that tax brackets are unchanged in real terms moving forward. Obviously this likely won't be the case for the next 18 years - but how that affects capital gains vs income taxes on state and federal levels is anyones guess.
+
+6) To make the math easier, I ignored the growth from age 18 till the end of withdrawal, with the assumption that all of balance would be withdrawn at the current marginal tax rate and given to the kid regardless during/after that period.
+
+All numbers in thousands (except the tax break, which is really just $180 or $300)
+
+||Tax savings up front from $10k/year contribution|Capital Gains Tax Rate (fed+state) for couple making $200k|Marginal Income Tax Rate|Balance in 529 after 18 years|Balance in taxable account after 18 years|Post-tax taxable amount|529 if everything is penalized|529 if a third is penalized|What % must be qualified for 529 to equal taxable account|
+:--|--:|--:|--:|--:|--:|--:|--:|--:|--:|--:|
+|NV/WA|$0|15%|24.00%|$363.79|$352.49|$334.85|$301.30|$342.96|54%|
+|AZ|$180|19.24%|28.24%|$370.34|$349.36|$327.28|$298.79|$346.49|40%|
+|OR|$300|24.90%|33.90%|$374.70|$345.24|$317.57|$291.60|$347.00|31%|
+|CA|$0|24.30%|33.30%|$363.79|$345.67|$318.58|$279.61|$335.73|46%|
+
+So to read the table, our couple saves $363-$375k in a 529 or $345-$352k in a taxable account, with the biggest difference being the tax drag in the taxable account. But post-tax, the taxable accounts only contain $317-$334k - due to capital gains taxes. The full 529 balance is available for education. But what about if it's withdrawn entirely for non-education reasons? Well, after taxes and penalties, it's only 
+worth $279-301k. But even if only two thirds of the 529 money is used for educational expenses - in all cases, it's more final post-tax money than the taxable account. In fact, with some simple algebra, we can derive that as little of 31-54% of the pot of money being used for a qualified expense is enough for the 529 to beat the taxable account overall.
+
+So is it better to not oversave in the 529? Absolutely. It's better to have the exact right amount in the 529, not have to pull any from taxable, and put all the extra in taxable. But if there's even a 50/50 chance that you're undersaving, the math works out that it's better to have that extra dollar for the kid in a 529 than a taxable account. The benefits of the loss of tax drag are just that important.
+
+And yes, even if you *completely* oversave in this scenario and use *none* of the money for qualified expenses - you might lose ~10% of the overall balance (taking into account both benefits and penalties) - but I think the potential 10-15% benefit (if it's all qualified) outweigh that risk.
+
+Note: I made a copy of the spreadsheet I used to generate the above [here](https://docs.google.com/spreadsheets/d/10HRCc8Ggg1ai6gFtZiLCWeBC8WAz93svqW083LZDyoI/edit?usp=sharing). You're welcome to download it and use the generalizable calculator for your own scenarios, including lower tax rates and contribution #s. Outside of the tax credits, the 529 benefits tend to be much smaller for people who aren't fairly high earners, especially if your capital gains tax rate is 0. Honestly, if someone is in the 0% capital gains tax bracket, I don't think 529 contributions higher than enough to earn any applicable state credits would be worth it.
+
+Edit: streamlined the table a bit to try to make it more likely to fit.
+
+Edit 2: Major hat tip to /u/App1eEater who [points out](https://www.reddit.com/r/financialindependence/comments/hqexle/oversaving_in_a_529_is_a_much_smaller_problem/fxzuuvv/?context=3) that I over-estimated the penalties for the 529 if the distributions are paid directly to the beneficiary - the penalties in that scenario are assessed at *the childs* income tax rate, not the parents. That makes the 529 an even better deal! I'm not redoing the spreadsheet to take that into account now (too much work), but yeah... it basically means the taxable account almost always loses, and it loses badly.
+https://mobile.reuters.com/article/amp/idUSKCN24E13G
+
+The article sums up some of the exceeses nicely. Short but good read.
+
+
+"Since their bottom on March 23, the S&P 500 and the Dow Jones Industrial Average have both risen more than 40% and the Nasdaq composite has gained nearly 60%. The S&P 500's forward price-to-earnings ratio is currently 21.5, a level last seen during the dot-com boom 20 years ago."
+# Introduction
+
+It's obviously not an ideal situation to be approaching retirement age without enough money to retire comfortably, but if you find yourself or a loved one in this situation, it's important to approach it pragmatically, gather information, and put together a plan sooner rather than later.
+
+This guide is aimed at two groups:
+
+1. People who are 50+ years old with insufficient or borderline retirement savings.
+2. Concerned relatives of an older person or couple that *may* have insufficient retirement savings.
+
+A lot of this information is US-specific, but the general principles will apply well to most developed countries. I've included some resources for other countries and if you have more information for your country, please leave a comment below.
+
+# Gather information and assess the situation
+
+It's important to avoid making assumptions. Some people forget about an old 401(k), IRA, or pension from years ago. It's unlikely that any "found money" will be significant, but every bit helps.
+
+- Assess projected social security benefits on https://ssa.gov/ for each person including any [ex-spouse](https://www.ssa.gov/planners/retire/divspouse.html) or deceased spouse that may qualify the person for benefits (i.e., [survivors benefits](https://www.ssa.gov/benefits/survivors/)). Also apply for Medicare, Medicaid, and any other assistance programs if applicable and eligible.
+
+- Gather information on *all* savings, investments, pensions, annuities, home equity, and any other assets. Make sure savings and investments are appropriately allocated between savings and conservative investments (covered in the [PF investing wiki](https://www.reddit.com/r/personalfinance/wiki/investing) and ["How to handle $"](https://www.reddit.com/r/personalfinance/wiki/commontopics)).
+  - [How to find an old 401(k)](http://www.401khelpcenter.com/faq/faq_39.html)
+  - [How to find an old pension plan](https://money.usnews.com/money/blogs/planning-to-retire/2015/09/25/how-to-find-a-lost-pension-plan)
+  - [What should you do with your home equity in retirement?](https://www.morningstar.com/articles/875445/what-should-you-do-with-your-home-equity-in-retire.html)
+
+  Check and verify everything. Make sure that you check each and every job held in the past to see if there is a retirement account that wasn't tracked. While it might not be enough for everything, even a small increase can improve the overall situation.
+
+- Gather information on current spending level and debts. It is never too late to [start a budget](https://www.reddit.com/r/personalfinance/wiki/budgeting) and see whether spending aligns appropriately to the financial situation. Also compare current spending to expected retirement income and spending levels.
+
+- For most people, retirement income comes one or more of the following sources:
+  - Social Security income
+  - Pensions (defined benefit plans)
+  - Withdrawals from retirement accounts (defined contribution plans), investments, and other savings
+  - A working spouse or partner
+  - A part-time job
+  - Real estate, business, or other income
+  - Financial help from other family members
+
+  In particular for withdrawals, it's important to understand and apply the [4% safe withdrawal rule](https://www.thebalance.com/what-is-the-4percent-rule-in-retirement-2388273). If most income will be coming from withdrawals and Social Security, assess savings and investments using the [age-based benchmark recommended in this article](https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire). Progressively more and stronger corrective steps need to be taken the further below those benchmark numbers an older person is.
+
+# Corrective steps
+
+- Continue working as long as possible or find ways to increase income.  Make catch-up contributions to IRA(s) and workplace retirement plans, HSA if applicable, etc. as per "How to handle $" which applies as long as someone is working.
+
+- Aggressively reduce costs and/or sell assets if necessary: Downsizing a home, moving to a more affordable area, living with relatives, renting out rooms, you name it. Don't ignore the little things like subscriptions and make sure every dollar in the budget is going to a good purpose. Everything will help reduce the total needed on a monthly basis which adds up quickly over the years. Any small change now can reap huge benefits when looking at the years ahead.
+
+- Generally speaking, if projected retirement income is insufficient compared to projected retirement spending, it becomes necessary to continue working for more years, reduce spending, increase income, receive financial assistance from relatives, or some combination of those measures.
+
+  In particular, working longer provides a quadruple benefit:
+    - While average incomes drop slightly after the peak earning years of 45-55, earnings remain high for most people, especially compared to the early career years of one's 20s and early 30s, maximizing the ability to save more money for retirement.
+    - Any existing retirement investments have more time to grow.
+    - It shortens retirement length.
+    - And it increases the social security benefit.
+
+- If it seems like it will be necessary for family members to render monetary assistance, plan for it now. Children or other relatives who know they may need to help support an older relative can start saving earlier. Planning for this in conjunction with other changes to the lifestyle of the key person or couple can dramatically improve on the worst-case scenario. Look at options such as living with a child or relative (and ensure there will be adequate living space for that in the near future). Ensure that everyone involved is included in any plans will help reduce the odds of awkward conversations and disappointment. Having conversations when it is too late to change course is not a good idea.
+
+- If it's not possible to continue working, more drastic steps may be necessary. Some examples:
+  - Selling an expensive financed car and buying an older used car.
+  - Selling a home that is years away from being paid off and beyond what an unexpectedly retired person can afford to keep.
+
+- Consider getting [professional help](https://www.reddit.com/r/personalfinance/wiki/financialadvisors) for complex situations.
+
+# Resources for other countries
+
+Country | Resource
+-|-
+Australia | [Age Pension and planning your retirement - Australian Government Department of Human Services](https://www.humanservices.gov.au/individuals/subjects/age-pension-and-planning-your-retirement)
+Canada | [Retirement planning - Canada.ca](https://www.canada.ca/en/financial-consumer-agency/services/retirement-planning.html)
+UK | [Checklist – preparing for retirement - Money Advice Service](https://www.moneyadviceservice.org.uk/en/articles/checklist-things-to-do-as-retirement-approaches)
+
+# Other resources
+
+- [How to Provide Financial Help to Aging Parents](https://www.kiplinger.com/article/retirement/T013-C000-S002-how-to-provide-financial-help-to-aging-parents.html)
+- [National Council on Aging: Resources to help seniors stay independent](https://www.ncoa.org/older-adults-caregivers/)
+- [The Fidelity Retirement Score](https://communications.fidelity.com/pi/2015/retirement/)
+- [PF Wiki: Estate planning topics](https://www.reddit.com/r/personalfinance/wiki/index#wiki_end-of-life_and_estate_planning.2C_death_of_a_loved_one)
+
+---
+
+Thank you /u/amessofstress for originally suggesting this topic and thanks /u/CripzyChiken, /u/lawdogwm, /u/minorcommentmaker, /u/ElementPlanet, /u/Mrme487, /u/ejly/, and /u/yes_its_him for all of your feedback and suggestions.
+Welcome to the open discussion thread.
+
+This space is reserved for open discussion or questions on research and news on economics.
+
+Talk about economics among yourselves.
+We've seen a lot of pessimistic posts about the U.S. economy and how we're all screwed.  Are there any optimists who would like to try to explain how all of the pessimists are wrong?  How can we pay off the debt, create jobs, etc?
+Edit: A lot of responses but not many realistic scenarios of how we will get ourselves out of the mess.  I too think that if we could make rational political decisions we would have a better chance but I don't see that happening anytime soon.
+The senator:
+
+\-Has blocked the crypto-amendment because he wants a 50 BILLION dollars additional U.S. military funding because it would currently be "underfounded" with money
+
+\-Has never ever talked about crypto before this
+
+\-Was never educated about crypto
+
+\-Retires next year
+
+\-Is a 87 years old dinosaur
+
+​
+
+Additional fun fact: he has voted against  nuclear arms reduction treaties and seems to be heavily sponsored by big banks and somewhat by the defense/arms industry
+I keep seeing articles, stories, posts, videos about how much bitcoin investors are panicking. I'm not panicking...have these people actually talked to anyone who holds bitcoin?
+
+Is anyone here panicking?
+Seriously some of the things I see here... Are you actually all able to take these heavy losses and margin calls? Or are you in trouble?
+
+And what do your relatives and spouses and children say of it?
+
+I mean I would write a "sorry" note to my wife and kids and state that they have to refuse the inheritance and then i'd jump off a bridge at only a % of the losses you people proudly show.
+
+(in my country if a relative/spouse dies, you are told there is an inheritance and are asked if you want to refuse it or accept it but you don't know if you will inherit their debts, or if you will inherit gains. I have known people that where ruined for years because the father or the brother or the husband etc... had a secret gambling problem and amassed crazy debt that they hid well and that the loved ones who inherited the debt would have to pay off now)
+
+How are you people able to take these? And how can you so proudly and frivolously post about these? Is it a form of coming to terms with reality and your gambling problems?
+
+​
+
+​
+
+EDIT: holy crap I did not expect to wake up this morning to so many replies. Thank you for the awards kind people.
+
+To address inheritance: I think this system was set up under the assumption that people won't frivolously build up debts that they never intend to pay off since they know their loved ones will be footing the bill. And i live in Belgium since many of you asked.
+
+Do you want to hear about another crazy Belgian Law? Over here when there is a police investigation investigating you for a white collar crime (this law only applies to financial crimes) then you can contact the public prosecutor and offer to pay a certain amount and then the investigation just ends and your payment is in absolutely no way considered an admission of guilt.
+
+since the law was introduced in 2011, 1.368 people have come to an agreement with the Justice system and of these 1.368 cases, in about 1.266 the money has actually been paid netting the ministry of justice, and the tax office about 955.000.000 €
+
+anyway back to the subject:
+
+Having read a lot of replies (but not all yet) I'm inclined to think that
+
+\- a good chunk of you are rich enough to shrug off these types of huge losses and laugh at them
+
+\- another chunk seems to be people with Gambling issues still in the denial phase
+
+\- and then there are people just in it for the memes of whom I doubt all of them actually dabble n trading or options gambling.
+
+​
+
+Thank you for answering seriously and in a friendly manner.
+* Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter.
+
+* Ended the period with cash and restricted cash of $1.78 billion.
+
+* Ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response.
+
+* Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization.
+
+* Entered into a lease of a new 530,000 square foot fulfillment center in Reno, Nevada, positioning the Company’s fulfillment network to span both coasts of the continental U.S.
+
+* Entered into a lease of a new customer care center in Pembroke Pines, Florida and started building out U.S.-based customer care operations.
+
+https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021
+
+(NYSE:GME) reported quarterly losses of $(0.76) per share which missed the analyst consensus estimate of $(0.66) by 15.15 percent. This is a 45.71 percent increase over losses of $(1.40) per share from the same
+period last year. The company reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.12 billion by 5.63 percent. This is a 25.58 percent increase over sales of $942.00 million the same period last year.
+
+Earnings call at 5:00 pm ET, about 50 mins to go as of this post.
+[https://www.curbed.com/2017/5/9/15594674/concrete-mami-house-noarq-matosinhos-porto-portugal](https://www.curbed.com/2017/5/9/15594674/concrete-mami-house-noarq-matosinhos-porto-portugal) 
+
+Came across this link for a simple concrete home that claims to have been built with a total cost of 109K. Why don't more people use concrete to build homes like this? Would it be practical to buy a cheap vacant lot and build this type of home in the right market, what kind of problems do you think you might run into?
+I keep hearing about systems.
+
+But honestly, not in a vague answer but does anyone here manage 25-50+ SFH investment properties in across multiple markets?
+
+You would obviously need to have property managers but how are you managing them? What “systems” do you deploy?
+
+Also, is it frustrating -as opposed to having a few multi family buildings?
+
+I have a decent amount of capital to deploy and just wondering if I should buy 25-50 SFH over next few years or a few multis based on this.
+Would like to know some thoughts on owning a vacation property as an investment?  Has anyone had a positive experience where the unit pays for itself taking into account property management fee and maintenance?  I know vacation property allow for smaller down payment and more tax advantages,   am I correct?
+Imagine if someone measured the amount of energy everyone on the planet used to surf reddit then equated that with the amount of pollution generated by energy companies in order to service that habit; then decided that it's the users of reddit who are at fault for that pollution. That's the argument being used against bitcoin and cryptocurrency mining today.
+
+Now Micheal Saylor and Elon Musk are showing support for the creation of a 'council' to regulate the energy usage around crypto mining. Before thinking this is a good idea, keep in mind that imposing licensing who can and cannot mine to secure a system no one owns, was built to be decentralized and placed into the hands of everyone, and allows people to earn money with minimal upfront investment and almost no labor, completely undermines all of the benefits of such a system and makes the network more vulnerable to manipulation by private interests. All of this backed on the pretense of a study that was not peer-reviewed and relies on poor logic that would otherwise point the finger at energy producers for the creation of pollution, not users.
+
+So, it seems that this may have been a ploy to centralize authority over the cryptocurrency by billionaires all along. As to whether they can convince people that this council needs to exist and can enforce who can and cannot participate, it remains to be seen. But don't think for a second any of this was about saving the planet, it was always about money and maintaining control over it.
+
+What happens if this narrative successfully convinces the population at large that mining ought to be licensed and those licenses are priced way above the heads of any typical user? This is a tried and true method of how private cartels have already exhorted control in other industries for centuries past.
+
+The entire point of bitcoin was to dis-empower oligarchy in the wake of occupy wallstreet. The only way bitcoin fails in this task is if its participants allow it to fail.
+ Hello guys, i am really in need of help. My mother is working in the UK, she has basic knowledge of the language , and recently someone stole from her account 4000 pounds. The transaction was made from her internet banking system. Before this, she received an sms from the bank stating : " thank you for changing your phone number" although she did not request that. At the time she was in medical leave at home, as she broke her leg. After going to the bank they **refused**to give her a statement with the transaction/s. Now , after the bank investigation they said that she was the one that made the transaction and no refund is necessary. What is to do in this case? The bank did not inform her on nothing about the investigation , only that the transaction was made by her which is not true. She did not request to change her phone number or nothing. thank you in advance! The bank is Barclay's UK (London branch)
+I'm planning to invest in gold in Germany and trying to understand the advantages disadvantages of buying gold ETFs over physical golds.
+
+1- gold ETFs listed on neobrokers, are they following 1-1 gold price? Is there any hidden catch than against gold prices valuation?
+
+2- tax-wise, is one still paying tax on capital gains in gold ETFs? What's the tax situation if I buy physical gold, is any gains over physical gold taxable?
+
+3-is there any other way to invest in gold than above 2 in Germany? In my home country (turkey), one can invest in precious metals through banks (not ETF, not physical) however I don't want to use this option as my incomes are in Germany now.
+So I have been living in the Netherlands for five years. I never applied for a mortgage or anything. I have been renting till now.
+
+I like the freedom I have because I am not tied down to a mortgage. In principle I can leave my job anytime if my company is not being nice to me or if I can't find a job I can easily go back to my country.
+
+On the other hand I am wasting thousands of euros per year on rent which could be "saved" by getting an apartment in my city. Now the risk is that I am a bit trapped and can't just leave my job easily or leave Netherlands. 
+
+1. Given my situation would you advise me to buy an apartment? Or continue renting
+
+2. What yearly costs am I looking at if I own a house in the Netherlands but would live outside for a long period of time? Taxes? Electricity and water bills? Do you still get these if you are not living in the house? Let's say if I only use it for few months a year.
+I'm not sure if this post (and question) is appropriate for this subreddit, but I don't know where else to turn to.
+
+​
+
+I'm from an eastern European country that is not a part of the EU and I can't seem to find any resources on investing in investment funds available to EU and US citizens (e.g. Vanguard, Charles Schwab, Degiro etc.) for people in my predicament.
+
+I'm fairly young and have some money saved up that I wouldn't want to go to waste, but I live in a country with almost no investment fund companies and no direct access to foreign ones. The local funds that DO exist invest only in the domestic market. **I don't trust them**. I don't trust them at all just like the rest of my people and we collectively don't trust them for a good reason. And I don't have to mention that bank savings account rates are shit, pardon my french.
+
+Anyway, that's why I want to invest in investment funds available to you guys but I can't find ANY guide on doing it from my position so I'm turning to you.
+
+​
+
+I desperately ask you to help a young non-EU redditor on his way towards financial independence.
+
+**Can you please tell me of ANY ways to invest in western investment funds as a non-EU/non-US citizen?**
+
+A success story, a how-to guide, a "tough love" statement/advice, every bit of advice is welcome.
+
+​
+
+I really like Vanguard and Schwab, but if something less awesome or just different is also available I'll take it. I'm prepared to do everything necessary: travel to a different country just to open a bank account, move all (most) the money to a foreign bank if necessary, whatever it takes.
+
+​
+
+I realize it would be easier to simply MOVE to a EU/US country and start from there and I will do that in the future, but since I'm currently not in a position to move to a different country I wouldn't want for my savings to just sit in the bank and wait for me to move while getting eaten up by inflation. Every year one's money is not invested is another year when one lost money.
+
+​
+
+All and any help will be appreciated...
+Hello fellow europeans,
+
+I'll make this quick.
+
+* I worked for 2 years in **country A** (paid lot into 'social insurance')
+* then got a job in **country B**, where I'm currently employed - it's been almost 4 years - also paid into social insurance
+* I got offer from another **country C** which is company I'm very interested in. I'm starting to worry about my pension contributions made in **A** and **B**. 
+* This might happen again ...
+* And then there's my home country *where I haven't worked a day* but still have permanent residency as most countries only give residency after 5+ years ...
+
+
+Any ideas how to make those 2 and 3 years count? I would love something like EU-wide 401K. Currently it seems that those money are gone forever as no country will pay pensions after 2 years ...  Thanks! 
+Hi,
+as a small update, I have filed a ticket to with Interactive Brokers that I do not want to be transferred to their Hungarian entity (IBCE), and would prefer IBIE (Ireland) or IBLUX. It's been 3 days, no response.
+
+I have tried contacting customer support about opening a new account with the other entities, in hopes of transferring my account there manually. But support told me that I can't decide which EU entity will host my new account - it's based on country. So as a Czech, I would end up in Hungary again. However, I was told that accounts that decline the transition to the new entity will be reviewed afterwards. But they can't guarantee anything, of course.
+
+I have declined the transfer to IBCE, let's see what happens.
+Hey guys!
+I would like to get some opinions on my portfolio.
+I am 24, planing to invest 12k and 400 monthly
+
+-IWDA 77%
+-EMIM 13%
+-SXRV 10%
+
+Thanks a lot
+This calendar year I started to invest some of my money in ETFs (well, one so far - iShares S&P 500 UCITS ETF (Dist)). I live in France, though I'm not French and not yet fluent in the language, so navigating the treasury website pages can be a bit daunting.
+
+I'll have to make a declaration for my taxes next year. Although the size of my portfolio is not large so far (€1312), nor my cumulative returns (€47), something will have to be declared. But where do I start?
+
+If there are French-based investors here more knowledgeable about the system than me then I'd really appreciate the advice.
+
+Merci beaucoup!
+Hello. 
+
+I work and live in Luxemburg.
+
+I called my bank and they would only accept a mortgage loan if the property is in Luxembourg or within 50k of the border. i don't know if you are aware but the real estate in Luxembourg is all over the place.. you need 4 generation to be able to acquire something. 
+
+has anyone ever done a loan in your country of residence to acquire something in your country of birth?
+So I have been living in the Netherlands for five years. I never applied for a mortgage or anything. I have been renting till now.
+
+I like the freedom I have because I am not tied down to a mortgage. In principle I can leave my job anytime if my company is not being nice to me or if I can't find a job I can easily go back to my country.
+
+On the other hand I am wasting thousands of euros per year on rent which could be "saved" by getting an apartment in my city. Now the risk is that I am a bit trapped and can't just leave my job easily or leave Netherlands. 
+
+1. Given my situation would you advise me to buy an apartment? Or continue renting
+
+2. What yearly costs am I looking at if I own a house in the Netherlands but would live outside for a long period of time? Taxes? Electricity and water bills? Do you still get these if you are not living in the house? Let's say if I only use it for few months a year.
+ Hey guys.
+
+Im from europe and decided to go for a s&p 500.
+
+Invesco - A1CYW7
+
+\- TER 0,05%
+
+\- TD -0,26%
+
+\- Ireland
+
+Pros: Low TER , synthethic
+
+Cons: it is a premium etf and it costs me 1 euro per month
+
+Vanguard - A2PFN2
+
+\- TER 0,07%,
+
+\- -0,29%
+
+\- Ireland
+
+Pros: Low TER, free of any monthly charges
+
+Cons: not sure if the synthethic performs better
+
+I can also get the iShares S&P 500 Swap as physical or synthetic but it also costs 1 euro per month.
+
+Can u give me advice on either choosing one of those 3 ETFs? A lot of people say synthethic gives better performance due to tax optimization but is it worth the risk? Or is almost riskfree?
+
+I like the vanguard it is free and i dont have to break my head about it because it is physical.
+
+I would love any input of you guys.
+I am a high earner (i.e. above the regular Roth IRA income threshold, $250k/year)
+
+Last year I followed the rules and I feel I made a mistake.
+
+I contributed $6,000 to a Traditional IRA with after-tax money, waited few days for the money to 'settled' and then converted the money to a Roth IRA. So far so good.
+
+When I filed my taxes, I paid \~$2,000 in extra taxes.
+
+Is that normal or did I do a mistake ?
+
+Edit: I used a CPA to file my taxes.
+
+Edit 2: This is the 8606 form was filled. Line 16 and 18 has 6,000 on them and that's it. [https://imgur.com/a/xVOAZvR](https://imgur.com/a/xVOAZvR)
+
+Edit 3: Based on some comments that mention pro-rata rule, I have rolled over previous 401k in a Rollover IRA (opened at Vanguard). My gf (high earner as well) paid this extra $2k when she filed as well. So I would understand for me, but not for her.
+I am a high earner (i.e. above the regular Roth IRA income threshold, $250k/year)
+
+Last year I followed the rules and I feel I made a mistake.
+
+I contributed $6,000 to a Traditional IRA with after-tax money, waited few days for the money to 'settled' and then converted the money to a Roth IRA. So far so good.
+
+When I filed my taxes, I paid \~$2,000 in extra taxes.
+
+Is that normal or did I do a mistake ?
+
+Edit: I used a CPA to file my taxes.
+
+Edit 2: This is the 8606 form was filled. Line 16 and 18 has 6,000 on them and that's it. [https://imgur.com/a/xVOAZvR](https://imgur.com/a/xVOAZvR)
+
+Edit 3: Based on some comments that mention pro-rata rule, I have rolled over previous 401k in a Rollover IRA (opened at Vanguard). My gf (high earner as well) paid this extra $2k when she filed as well. So I would understand for me, but not for her.
+Banks and asset managers steer their EU operations from London to French capital
+https://www.irishtimes.com/business/financial-services/paris-set-to-triumph-as-europe-s-post-brexit-trading-hub-1.3646648
+I know this gets asked a lot, but I would like an updated answer.  I'd like a quantitative opinion, so being biased is fine. Which stock exchange app is best for a beginner like me?
+
+Thanks! <3
+
+Edit: I am not a us citizen, I live in Denmark, Europe. I'm looking for something with no fees now; an alternative to robinhood, but usable by Europeans.
+I've been buying Bitcoin every month since October 2017. I've never sold any Bitcoin. I wanted to document my journey from 'no savings fiat bro' to 'nice stack free man bitcoiner'. I document my journey in this blog. Hopefully it will inspire you to grind some extra hours in your fiat mine, to stack some extra Bitcoin while you can, and to hold that precious Bitcoin even when the bear market tries to tell your lizard brain "you failed, no sell it all". I can do it. You can do it. We can all do it. Let's stack some motherfucking sats!
+
+[https://er-bybitcoin.com/stacking-em-volume-16-november-2021/](https://er-bybitcoin.com/stacking-em-volume-16-november-2021/)
+Stop it. Stop now. You fucking autists.
+
+I don't have the liquidity to invest in Tesla right now, so fucking stop. Every part of my body aches seeing this fucker rise and rise while I cannot invest.
+
+Just stop
+Hello PF!
+
+I'm sure many of you already understand that the decision to rent or buy your housing is not always black and white. However, I keep seeing a ton of posts about people wanting to buy because "renting is throwing away money." PF usually does a good job of correcting this misunderstanding, but I thought I'd share another tool I found on the subject.
+
+Khan academy has a fantastic set of videos that covers the differences in renting vs. buying, using a lot of simple math. Videos can be found here https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying. If you are someone trying to decide between renting or buying, I highly recommend you spent a half hour to 45 minutes watching the series. 
+
+I'm sure this has been posted before, so I apologize for the repost! I just think it's a helpful reminder to many who may not have seen it and still think that "buying is always better". 
+
+Edit: Just to clarify, the videos are not advocating that buying is a bad decision. Sal (the narrator) ends up buying a home himself because it is right for him. The point of the videos is the analysis which helps you better understand the decision.
+Yesterday, a garbage collector near me got hit by a car while doing his job. As is standard in America, only a portion of this man's medical bills are covered by insurance. So a GoFundMe campaign started up and raised over $5K in a day to help him and his family cope.
+
+This situation has been normalized in the U.S. That is, normal people forced to rely on crowd-funding from other normal people to pay their medical bills. Many other countries, I understand, find this normalization quite horrifying.
+
+While this topic gets *very* political *very* quickly, I hope to avoid those kinds of debates for the moment.
+
+Instead, I'm wondering what other kinds of financial situations are normalized in one location, but are far from normal in another location. This is an [Overton Window](https://en.wikipedia.org/wiki/Overton_window) discussion, if you're familiar with that idea.
+
+(If you're wondering, I am brainstorming ideas that might end up in print one day. The jist of that potential article would be to implore people to "wake up" from their personal financial norms and consider alternative ideas.)
+Yesterday, a garbage collector near me got hit by a car while doing his job. As is standard in America, only a portion of this man's medical bills are covered by insurance. So a GoFundMe campaign started up and raised over $5K in a day to help him and his family cope.
+
+This situation has been normalized in the U.S. That is, normal people forced to rely on crowd-funding from other normal people to pay their medical bills. Many other countries, I understand, find this normalization quite horrifying.
+
+While this topic gets *very* political *very* quickly, I hope to avoid those kinds of debates for the moment.
+
+Instead, I'm wondering what other kinds of financial situations are normalized in one location, but are far from normal in another location. This is an [Overton Window](https://en.wikipedia.org/wiki/Overton_window) discussion, if you're familiar with that idea.
+
+(If you're wondering, I am brainstorming ideas that might end up in print one day. The jist of that potential article would be to implore people to "wake up" from their personal financial norms and consider alternative ideas.)
+So a financial advisor reach out to me about a week ago thru linkedin, Im a software engineer and it seems our career attracts Financial Advisors due to high pay. So I've had a lot of FA reaching out to me over the years which I have been ignoring.
+
+Until now that I realized I might actually need their help, since I want to save money for a down payment for a house, also im thinking I might do better investing my 401k if there's an FA on my side.
+
+Anyways, i'm still not familiar with how this services works and how much the average cost of FA? also is this a lifetime commitment? since he's going to manage my retirement account?
+My grandparents set up a trust that is managed at a regional bank in the US for 1% of assets as a fee on top of kickbacks they get from bonds they buy that don't pay out the same percentage as the retail bond because a part of that goes to the bank. We've tried to get them to stop constantly buying and selling stocks too since they take a fee for each transaction and it generates state and federal capital gains taxes owed by the trustee. They ignore us. The trust allows us to move it, but where can we if all we want is for the assets to sit in some passive, total market funds. We shouldn't have to pay 1% of the total value if the assets just sit in passive funds all year, but every institution we've approached so far is as expensive or more expensive.
+
+It seems like by setting up a 'trust' we got screwed out of our money because passive investing can be incredibly low cost but no one who who manages trusts supports low cost investing. Any advice?
+
+I know we need to pay fees to a trustee to manage the trust paperwork and the basic mechanics but  shouldn't that be a flat fee for a portfolio of three or 4 total market index funds.
+
+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.
+I am interested to know if algo trading on live news is a thing, and if so, what are the most common services (api providers, etc) that are used for this. Also, it would be helpful if I get the list of features I should keep in mind when comparing news API providers.
+Thanks!
+I save heavily as I'm looking to buy a home. Outside of that I don't spend a lot that I don't need, however, I will happily buy expensive computer parts and gaming consoles. I've been lucky enough to get all 3 of the big platforms at RRP this time around and I've never done that before.
+
+On the surface, many here wouldn't recommend anything like that, but I love my tech.
+
+Where does your money go to bring you joy that most of this sub disagrees with?
+And I could miss out on another 3 months... 
+
+Timing in the market is hard !
+
+Edit: I have 10k I'd like to invest. Was silly enough to wait for a dip.
+
+Should I just transfer it all now or DCA? VGS
+I feel like whoever wrote this intended for it to be very simple and understandable:
+
+*"Less money moving into bonds would drag bond prices down, lifting their yields. Higher bond yields make future profits less valuable, hurting stocks. Should bond yields rise at a slower pace, that would be good for stocks. "*
+
+Source Article: [https://www.barrons.com/articles/stock-market-today-51634203313](https://www.barrons.com/articles/stock-market-today-51634203313)
+
+I feel like every time I ever try to "do my research" on how the stock market works.... I get completely lost at square 1.  
+
+Regarding the quote:
+
+What does this even mean?   
+Why do bond yields go up if bond prices go down?  
+Why do higher bond yields make profits (whose profits?) less valuable?  
+Why would the feds ever buy bonds if its bad for the market?  
+
+
+How does anyone even begin to learn the basics? Do you just take statements like "if bond prices go down, yields will be higher, which makes profits less valuable, and hurts stocks" at face value and move on? Is this something my parents were supposed to teach me? I am 31 years old and incredibly confused by markets.
+x-post from /r/PersonalFinanceCanada since this might be a better audience. I was looking at a breakdown of US counties and their contribution to total US GDP. This made me realize I know a whole lot about Toronto's size with respect to the Canadian economy (huge), but have never really tried to compare it to US cities.
+
+Looking at [https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx](https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx), I found the Toronto census metropolitan area (which includes Toronto, Peel, and York along with parts of Durham/Halton) has a  2017 GDP of 337 billion in 2007 Canadian dollars.
+
+[This](https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP_per_capita) Wikipedia page reports US metropolitan statistical area GDP per capita in 2009 USD. Using [StatsCan's CPI data](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501&pickMembers%5B0%5D=1.2&cubeTimeFrame.startYear=2006&cubeTimeFrame.endYear=2019&referencePeriods=20060101%2C20190101), the CPI was 111.5 in 2007 and 114.4 in 2009. So, the Toronto CMA's 2017 GDP would be 346 billion in 2009 CAD. [This](https://www150.statcan.gc.ca/n1/pub/91-214-x/2018000/section01-eng.htm) link puts the Toronto CMA's population at 6,346,088 in 2017. Or $54,521 GDP per capita in 2009 CAD (for reference this would be $64,815 in 2019 CAD).
+
+We could use two methods to compare GDP across Canada and the US:
+
+1. Purchasing power parity. This is about how much buying power 1 CAD has relative to the USD. Typically done via a national composite "exchange" rate. StatsCan [publishes PPP estimates](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010001). For 2017, 1 USD = 1.2048 CAD.
+2. Currency exchange rate. We can use the [BOC's average annual exchange rate](https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/) for 2017: 1 USD = 1.2986 CAD.
+
+I'm not sure whether method 1 is appropriate here since purchasing power varies widely from city to city and I was more curious about economic output than local buying power, but we can calculate both.
+
+Method 1 gives Toronto CMA's 2017 GDP per capita at $45,253 in 2009 USD. Method 2 puts it at $41,984.
+
+I always knew Canadian GDP per capita skewed lower than in the US (at PPP, we are about 73% of the US). But Toronto's per-capita economic output is almost shockingly low to me. Our peer metros in the US are not at all what I'd expect and are hardly what I'd think of as dynamic, cosmopolitan cities:
+
+|Metropolitan area|GDP/capita (2009 USD)|Population|
+|:-|:-|:-|
+|Jackson, Mississippi|45,390|580,166 (2018)|
+|Lima, Ohio|45,497|108,473 (2010)|
+|Buffalo-Cheektowaga-Niagara Falls, New York|44,843|1,135,509 (2010)|
+|Memphis, Tennessee|46,029|1,324,108 (2010)|
+|Orlando-Kissimmee-Sanford, Florida|45,807|2,608,147 (2019)|
+|Wichita, Kansas|45,862|637,989 (2013)|
+|Detroit-Warren-Dearborn, Michigan|52,879|3,734,090 (2010)|
+
+For comparison, here are the numbers for some larger, "higher tier" US cities:
+
+|Metropolitan area|GDP/capita (2009 USD)|Population|
+|:-|:-|:-|
+|San Diego-Carlsbad, California|60,517|3,095,313 (2010)|
+|Portland-Vancouver-Hillsboro, Oregon/Washington|63,817|2,226,009 (2010)|
+|Denver-Aurora-Lakewood, Colorado|64,379|2,967,239 (2019)|
+|Boston-Cambridge-Newton, Massachusetts/New Hampshire|78,465|4,552,402 (2010)|
+|New York-Newark-Jersey City, NY/NJ/PA|71,084|19,043,386 (2010)|
+|Seattle-Tacoma-Bellevue, Washington|80,833|3,979,845 (2010)|
+|San Francisco-Oakland-Hayward, California|89,978|4,335,391 (2010)|
+|San Jose-Sunnyvale-Santa Clara, California|128,308|1,836,911 (2010)|
+|Los Angeles-Long Beach-Anaheim, California|67,763|12,838,417 (2010)|
+
+The gap in economic output here seems immense and almost hard to believe. Did I make a mistake somewhere in my analysis? If not, it really makes me wonder what's going on.
+Home bidding wars across the country, speculative stocks with no underlying fundamentals skyrocketing, BTC near all time highs, grocery prices through the roof... we need an interest rate hike ASAP.
+Cryptocurrencies are equal (treated under certain circumstances) to legal tender. This is Statement of the German government in a new 27.02.2018 VAT law. I think this could bee the way how G20 will discuss cryptos for whole EU. FOMO. 
+
+
+Linked to the PDF on Minster of Finance site (in German) with original text: 
+
+http://www.bundesfinanzministerium.de/Content/DE/Downloads/BMF_Schreiben/Steuerarten/Umsatzsteuer/Umsatzsteuer-Anwendungserlass/2018-02-27-umsatzsteuerliche-behandlung-von-bitcoin-und-anderen-sog-virtuellen-waehrungen.html
+
+
+Summary taken from. https://twitter.com/Hofbraeuer/status/969135461452132352?s=19:
+
+- Converting crypto to fiat is VAT free
+
+- Mining is VAT free
+
+- in game currencies are not equal to fiat
+
+- exchanges are not always VAT free 
+
+- Cryptocurrencies are equal to fiat if they are used as payment and both sides agreed.
+
+
+
+
+Edit: the part about legal tender is wording in the legal text... Of course it doesn't mean you can go to the next supermarket and force them to be paid with Bitcoin.
+For Crypto as an investment you have to pay taxes.
+
+Sorry for my hype, but I think it is great news anyway. 
+
+Read more about this in comment by phobos0815
+
+
+
+
+
+This is the original text from the legal text. 
+
+„(3a) 1
+Sog. virtuelle Währungen (Kryptowährungen, z.B. Bitcoin) werden den 
+gesetzlichen Zahlungsmitteln gleichgestellt, soweit diese sog. virtuellen Währungen 
+von den an der Transaktion Beteiligten als alternatives vertragliches und 
+unmittelbares Zahlungsmittel akzeptiert worden sind und keinem anderen Zweck 
+als der Verwendung als Zahlungsmittel dienen (vgl. EuGH-Urteil vom 
+22. Oktober 2015, C-264/14, Hedqvist, BStBl 2018 II S. xxx). 2
+Dies gilt nicht für 
+virtuelles Spielgeld (sog. Spielwährungen oder Ingame-Währungen, insbesondere in 
+Onlinespielen).“
+
+The subreddit is called theta gang, it's dedicated to using theta to make money, BUT any theta idea you thought out, any strategy at all involving theta, 100% of the comments are "dude are you dumb, this environment is impossible to sell puts etc etc" ok fine, if thats the case, if it's truly impossible and any wheelstrategy or theta related strategy is just "100%, don't do it" than everyone just fucking unsub and gtfo.
+I am wondering when everyone rolls vs closes their position and opens a new one. I still do not see a large benefit either way.
+
+​
+
+PS - holy shit this sub blew up since I last posted
+Tis the season that the tax man comes calling. I've seen many people's posts about tax strategy investing. I'd like to share my opinion, and hear yours. 
+
+My account size says I have to work for the "man" for another five years or so. I hate taxes, but I pay them with a smile on my face concerning the 1099 fidelity sends me every year. I feel like many tax strategies here preach stepping over dollars to pick up dimes. Hear me out...
+
+I work a skilled trade job all hours of every day and night. Very lucrative pay but very demanding both physically and mentally. When 30% or so of what I earn with my hard labor (sometimes 80hrs a week) goes straight to governments, I'm pissed. The time and effort to earn that money comes at the expense of my physical and mental health, and more importantly time with my family living life. I hate those taxes. 
+
+I spend about 8 hours a week researching, planning, and trading my version of the wheel strategy. The income is nearly equivalent to that of my hard earned paychecks. I generally owe taxes equal to that of my earned income on this money. Equal pay from both income sources... equal taxation (the options income did bump me one tax bracket though) on both incomes, but the effort to earn each of the incomes is quite different. I'm happy to pay the full rate on the "easy" money compared to the equal amount on earned money. 
+
+I feel like many tax ideas I read here are geared towards making less to pay less in cash trading accounts. What say you?
+
+Edit: Thanks to all that shared your thoughts in the comments on my first post (been lurking since before I had a reddit account, wheeling since before I knew reddit existed).
+If I am up on a security, and I sell covered calls with a strike price above my average cost basis, even if they execute the call and I sell my shares, I TECHNICALLY (taxes and transactions not included) am guaranteed to make money right? What are the flaws in what I am saying.
+*To clarify:
+I'm trying to identify if it's a vega, theta, or other kind of play.  Not a specific strategy (like spreads, strangles, etc.)*
+
+
+
+I talk a lot about options online and in person so I want to make sure I use the right terminology.
+
+If I'm opening a position to profit from an expected IV drop / crush is that technically a vega play?  If it's not vega, what is it?
+
+I know some people sell short straddles.  I sometimes sell puts and profit from large IV drop from earnings.  More recently the IV drop is from GME crashing down and IV dropping 200-300%.
+Thanks.
+Hello r/cryptomoonshots! I’m excited to announce a newly developed twist on deflationary tokens: **ELONPEG**.  This token features the standard taxation/reflection mechanics (detailed below), but also an innovative framework for automatic burn: every time Elon tweets, the Burn Vault will automatically burn 0.5% of its supply. Just like USDT is pegged to the US Dollar and your mom pegged your dad, ElonPeg is pegged to volatility-inducing Elon tweets. 
+
+**WEBSITE: https://elonpeg.com**
+
+A quick note about me: My name is Steve, and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). You’ve probably seen me here talking about Fox Finance where I remain a Tech Advisor, but I’ve teamed up with some amazing crypto-junkies to launch an LLC, and with it ElonPeg and its amazing automation capabilities.
+
+# **🔥 So, what makes ElonPeg special? 🔥** 
+
+Let’s get the basic tokenomics out of the way (also on the site):
+
+* 9% tax on every transaction: 3% to holders, 3% to liquidity, 3% to marketing, events, and carbon offsetting
+* 1 Trillion total supply, 500Bn has been sent to the BurnUponTweeting contract, and 420Bn will be up for grabs
+* The BurnUponTweeting contract (audited along with the token) which is called the Burn Vault starts with half the total supply. Every time Elon tweets, the function ElonTweeted(tweetId) is called, burning 0.5% (adjustable) of the Burn Vault supply. 
+* In order to ensure the supply in the Burn Vault is still in circulation, all burn transfers will incur and pay out from the tax. Additionally, a "reclaim" function was added allowing a 2% withdrawal to the marketing wallet only every 50th Elon Tweet. It’s doubtful it will ever be used unless begged to by the community for a major marketing/event push!
+
+BurnUponTweeting has been extensively tested in Testnet and we’re all pretty excited about it. Elon Tweets are picked up within minutes, kicking off a process that burns the required amount, stores the tweet ID in the burn transaction record, [and sends alerts to the Telegram channel](https://imgur.com/a/kkOvHOq). We also hope to have this retweet and announce on Twitter in the future. You can read more info on the site and lite paper at elonpeg.com
+
+# **📈 Tell Us About the Presale 📈** 
+
+The presale will be hosted on dxSale and will begin at 2PM UTC (in about 13 hours from this post) on June 3rd. Here’s the details:
+
+* Soft/Hard Cap: 300/600BNB
+* Min/Max Buy-in: 0.1BNB/2BNB
+* Length: 4 hours
+* Liquidity Lock: 80%
+* Presale Price: 399,100,324 ELONPEG per 1 BNB (9% less than on Pancakeswap opening)
+* Liquidity add to Pancakeswap an hour after the Presale ends
+
+The unlocked liquidity portion will be used to spin up some major marketing post-launch, and begin planning events. Also we’ve seen a lot of folks ask why dxSale. Yes, it’s a crazy platform with a ton of degens on it. But it’s also decentralized, quick, with a low barrier to entry and no tiering. We’ll be creating the presale and sharing the link 10 minutes before the start of the presale via social channels. 
+
+# **👀 How safe is this? 👀**
+
+As always, the crypto world and the BSC can be fraught with scams and honeypots. Do your own research, come chat with us, whatever you need to feel comfortable. The team is highly responsive and extremely helpful and knowledgeable and the Telegram is very lively. Feel free to dig through my post history too!
+
+ELONPEG does take security seriously. All contracts and the marketing wallet have been created from a Ledger hardware wallet, BurnUponTweeting was created to ensure half the supply isn’t just sitting in a Metamask somewhere, and have run through countless tests on Testnet and revisions with auditors to ensure everything is exactly as it should be for the presale and launch.
+
+# **📣 More Details 📣**
+
+**ElonPeg Contract:** https://bscscan.com/token/0xC18994df2Dfd0C2767bB1758bAe83e95762bBea3
+
+**BurnUponTweeting Contract:** https://bscscan.com/address/0xB016dE73a65eEF0C7D2f0a7BF236803e637e655D
+
+**Presale Link:** Will be posted to our social channels 10 minutes prior to presale (June 3, 9:50AM UTC)
+
+**Website:** https://elonpeg.com
+
+**Litepaper:** https://elonpeg.com/wp-content/uploads/2021/06/ELONPEG-Litepaper-06022021.pdf
+
+**Pre-Launch Audit:** https://github.com/TechRate/Smart-Contract-Audits/blob/main/ElonPeg.pdf
+
+**Telegram:** https://t.me/elonpeg
+
+**Twitter:** https://twitter.com/elonpeg
+
+**Instagram:** https://instagram.com/elon.peg
+The Consumer Financial Protection Bureau is responsible for addressing financial complaints. They also take tips from industry whistleblowers. 😉
+
+https://www.consumerfinance.gov/complaint/
+
+File a Consumer Complaint
+
+The state attorney general is your best bet for filing a complaint against a business based in the state and against outside companies that do business in that state.  Be prepared to complete a form that asks for the company’s full contact information and a summary of your complaint. I can draft something up for apes to modify and make it their own, if requested.
+
+On a national level, you have the option to file an FTC complaint. Federal Trade Commission complaints can be filed online.
+
+https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc
+
+File a BBB Complaint
+
+As a consumer of a business, you can file a complaint against a bad business by contacting your local Better Business Bureau. The BBB sends your complaint to the business and asks for a response within 14 dsys. Your complaint may be publicly filed on the BBB's website.
+
+Search for Apex/Ally/Broker by doing a better business bureau search on their website. If the company is a member of the BBB, it is required to respond to all better business bureau complaints so it doesn't lose its accreditation. Other companies are not required to respond, but many do so when they consider that a complaint could become available for everyone to read online.
+
+https://www.bbb.org/
+
+Get the LOCAL Media Involved
+
+Some LOCAL television/online news stations host shows designed to help consumers having problems with a business.
+
+Any airtime is good airtime to help bring light to these corrupt business practices. If you are able to get airtime, I'd recommend consulting with a lawyer prior.  
+
+If you feel like Apex, Ally and others players are not acting ethically, please consider filing complaints and let's hodl them accountable. 
+
+Buy. Hodl. DRS. 
+
+It smells like MOASS🚀
+What were the Indian stocks that gave maximum returns in the past decade? Is there any place to view this data for the past 5/10/15 years? Do you see this run continuing, and would you invest in these stocks?
+**Anand Srinivasan(Indian Economist) in his youtube interview keeps saying some of the Indian government bonds are returning 12% a year. Do you guys know which bond he is referring to ? and is there a way I can buy them online?**
+
+* Which bank do you recommend for savings account or fixed deposits?
+* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc.
+* What bank offers the best foreign exchange rates?
+* Discuss the quality of the bank's mobile apps and the services they offer.
+* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan?
+
+You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services.
+
+Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services.
+Last week I found myself shopping for health insurance for the first time. For half a decade I had relied on company insurance. In this post, I list the process I used to come to my choice, and end with a request for reviews of the insurer I chose. Some of this might be repeated elsewhere on the sub, but bear with me in the interest of making this comprehensive.
+
+I started with the sub's wiki and decided that anything I chose should minimally have these features:
+
+1. **No room sub-limit:** Some insurers cap the amount they will cover for room charges and if you exceed that amount, you pay out of pocket. This problem is exacerbated by the fact that hospitals charge different rates for the same procedure based on the type of room you are admitted to. So, if your insurer caps room limit, it will also only cover procedure costs associated with that tier of room. For more details, see [this](https://www.reddit.com/r/IndiaInvestments/comments/2h3r0a/how_to_buy_a_health_insurance_policy_steps_and/ckp7ie2/).
+2. **No co-pay:** Co-pay is the percentage of the final claim that you pay out of pocket while the insurer covers the rest. With zero copay, you pay nothing and insurance covers all eligible costs. No co-pay means that, in theory, you can have a cashless hospitalisation. I say 'in theory' because some costs might not be covered by your plan and you might have to pay.
+3. **Restore benefit:** This is when a plan reinstates your basic cover if you exhaust it within a policy year. This only works for unrelated claims.
+4. **No-claim bonus:** Some insurers reward you for not making any claims in a year by increasing your coverage the following year. This is not a must-have but a nice-to-have feature given high medical inflation.
+
+Next, I had to decide whether to buy individual policies for my spouse and me, or buy a floater plan. Talking to one of the mods on the Discord chatroom, I realised that floater plans make sense if the individuals in the plan are of the same risk profile, since the company uses the oldest person in the plan to calculate premiums. That said, I was told that some people can only get coverage as part of some other proposer's coverage. Since my partner and I are both the same age and risk profile, a floater plan helps save money. This [Freefincal article](https://freefincal.com/how-to-buy-mediclaim-health-insurance-policy/) recommends individual policies though.
+
+With this criteria, I headed over to [CoverFox.com](https://CoverFox.com) and [PolicyBazaar.com](https://PolicyBazaar.com) to screen plans. I found that PolicyBazaar offers more plans and gives more details about those plans. CoverFox gave some contextual information such as PIN-code based area network hospitals.
+
+After making a shortlist based on plans that met the criteria, I checked LiveMint's Mediclaim Ratings for the last three years (they weren't available further back). I was checking to see which insurers from my shortlist were consistently at the top or near it.
+
+[2016](https://www.livemint.com/Object/0uBaFXsC78XAU0QqF2BusL/mint-mediclaim-ratings.html)  
+[2017](https://www.livemint.com/Object/1XhvIv1t7ce1r1WiQ4BoyJ/mediclaimrating-2017.html)  
+[2018](https://www.livemint.com/mintmediratings2018)
+
+After all this, it came down to either Royal Sundaram Lifeline or Apollo Munich Easy Health Standard. The difference in premiums for comparable offerings from both these insurers is 25-30% with Apollo Munich being the more expensive one. They have both claimed the top spot in the Livemint rankings.
+
+I am tending towards buying Royal Sundaram because the premium is lower and they have more network hospitals in my city. My review request is this:
+
+* Are there any qualitative/experiential factors about Royal Sundaram that are not captured by this process?
+* Has anyone used Royal Sundaram insurance, and if so, what has been your experience? If you've made a claim, how easy was it to process?
+* Is there anything that you think I've missed out on that will help with this decision?
+The day after the result came, the stock went down by 2-3% .
+
+I know that 75% of EBITA is through the refining business and it is main cash cow of RIL other ventures, but looking down the next 5 years, at the time when our economy is growing and the disposable income is rising, can other verticals, take a formidable stand in overall RIL group, or am I being too optimistic here?
+
+I know the debt is also rising, but at the same time, as news sources, say Motabhai is also looking to sell stakes, via Armaco and Softbank. Plus, I read somewhere that RIL has a good rating when it comes to financing than the Indian government.
+
+Also, should I stay away from the share because there is a bit of fear of Modi Government not scoring a full majority, considering Business will continue to happen, no matter which government?
+
+Thanks.
+I am new to investing. My first and only trade so far is PVR/INOX since four months. 
+
+Relevant:https://www.livemint.com/industry/media/centre-allows-100-occupancy-at-cinema-halls-from-1-feb-11612026783420.html
+
+I watched Nolan's Tenet last year and the local theater went above and beyond to ensure social distancing and safety. It was still a stupid thing to do during a pandemic.
+
+But having watched tenet twice more at home. I dont think the experience of movie theaters in going away ever. I do not think there will be any long term impacts on cinema once the pandemic is over. 
+
+Streaming services today are more fragmented than ever before and new ones are popping up. 
+
+No one here probably remembers Quibi; Streaming service that started in 2020. Signed a whole lot of A list celebrities and actors. It burned through $2 billion in 6 months and shut down. Barely attracting 90K~ users while they hoped for a million plus within that period.
+I’m into gold trading for about a week and already lost money (yes bad timing since it was having a free fall past week). Any good insights about gold trading for beginners? And perhaps any good websites for some reading on gold?
+Hey everyone!
+
+Since a lot of new people have started joining the sub I'm guessing they're fairly new to Forex trading.
+
+I thought it would be good to highlight major mistakes people have made in the past, so that new traders don't do the same!
+
+Here are my 3 in no particular order:
+1. Creating a solid trading plan which fits into my lifestyle (longer term trading works out better for me because I don't need to stare at charts all day with other obligations)
+
+2. Not re-entering trades 
+(My stop should always be in a place where my hypothesis is no longer correct so re-entering is invalid)
+
+3. Not learning the impact fundamentals can have not only in the long term but to use it as a filtration tool so that I know which trades are higher odds. 
+
+Thought maybe everyone could share their own experiences and mistakes so people can note them for future reference!
+I know this is completely random but I'm trying to get into trading, but I have no strategy. Can you give me some ideas of how I should trade or can you give names of pdf I can download from the internet? Appreciate a lot
+Long time lurker here and first reddit post! Pretty stoked to have my first 80+ pip gain from a trade made 3:30 est yesterday afternoon. I've been trading a small account for close to 2 years now and am thinking of putting a bit more in to it (both time and $). It's a small gain but meaningful in that I'm learning to hone in on a strategy during such volatile economic and political times. Cheers fellow traders!
+
+Eur/usd https://imgur.com/a/MvN8O3E
+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?
+>“…[M]y tendency has been to buy stocks, all a-tremble as I do so. Then when they show a profit I sell them, exultantly. (But never within six months, of course. I’m no anarchist.) It seems to me at these moments that I have achieved life’s loveliest guerdon – making some money without doing any work. Then a long time later it turns out that I should have just bought them, and thereafter I should have just sat on them like a fat, stupid peasant. A peasant, however, who is rich beyond his limited dreams of avarice.”
+
+--Fred Schwed, *Where Are The Customers' Yachts?*
+
+I was reminded of Schwed's quote when I read a [blog post](http://www.bankers-anonymous.com/blog/a-stock-growth-miracle-not-really/) about a woman who bought 20 (or 40) shares of $BA Boeing stock back in 1965 for $250. She then did nothing with those shares, certainly not selling them, and just let the dividends reinvest every quarter. 53 years later, she has 400 shares ^^^1, and her $250 investment is worth $134,800. The dividends alone on those 400 shares pay $2700 a year, or more than ten times her initial investment of $250.
+
+
+You also have [Ronald Read](https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html), the Vermont janitor who bought stock in over 90 companies, and died with a portfolio worth $8 million. Read carefully researched the companies he bought, and if he didn't like how they were performing after his purchase, he'd stop buying that stock, but never sell it. Some companies (Lehman Brothers) went bankrupt, but some (like $PCG Pacific Gas & Electric) continued to split and grow in value even though he never invested past his original purchase, and used dividends to buy other stocks. Read bought for the long haul, and literally never sold his holdings. 
+
+I think most of the traditional buy-and-hold investing approach advises to buy and hold for a 20-30 year long-term period, for the logical reason that most people are investing to provide a financially secure retirement, and most people work between 20-40 years before they retire.  The buy-and-hold forever approach isn't looking at holding for a 30 year period to sell to fund for retirement, but to buy and hold for the rest of your life, using the price growth of the stock and dividends to help supplement your retirement income. Holding it forever makes your stock purchases a legacy of wealth you can pass on to future generations, though, so it not only provides you with an income source through retirement, but also secures the financial future of your family after you're gone (assuming they continue to hold onto the stocks and don't get greedy and sell them and blow the money, always a big risk). 
+
+I've been reading recently about the struggle of the middle to lower class to get ahead and acquire wealth in today's economic climate. If you take the buy-and-hold-forever approach, you not only begin the process of acquiring wealth for yourself, but give yourself the opportunity to transfer that wealth upon your death, giving your kids and grandkids a big financial leg up.
+
+If you believe that investing is the process of buying stock in companies that you love and would be proud to own, a timeline of forever on your stock purchases is actually the logical approach. If it is a company you love to own, there is no reason to ever sell it.
+     
+      
+      
+^^^1 Boeing stock has split 8 times since 1965, so a purchase of 20 shares would have become 1215 shares worth $424,873.35 as of today, and yielding $8327.52 in dividend payments. 
+
+Full article: [https://www.bloomberg.com/news/articles/2018-09-04/mercedes-readies-first-tesla-rival-in-12-billion-attack-plan](https://www.bloomberg.com/news/articles/2018-09-04/mercedes-readies-first-tesla-rival-in-12-billion-attack-plan)
+https://sea.ign.com/nintendo-switch/193861/news/switch-pro-reportedly-cancelled-as-nintendo-shifts-focus-to-next-gen-console
+
+> Rumours of a Nintendo Switch Pro console have been swirling in the video game industry and the gaming community for years. However, it seems that Nintendo is ready to move on from the portable console.
+> 
+> According to Digital Foundry's John Linneman, many developers acknowledged that a "mid-generation Switch update" was initially planned, but Nintendo opted to focus instead on building a new console. Nintendo has yet to officially announce its next video game system, and Linneman said he does not expect it will be released until 2023.
+Hello all 👋 
+
+I will be donating my kidney in a couple months and I was wondering if there are any extra ways to recieve income during my recovery time besides the basic stuff the doctors have suggested like disability and aid from the transplant foundation. 
+
+A little background; My mom was diagnosed with acute hypertension a few years back and her kidneys failed not long after. Im her son in my twenties and was by far the most suitable candidate. This last week we were approved for the operation, scheduled in September. 
+
+My parents definitely cant afford to help with any of my expenses as they have been run down on my fathers single source of income since my mother cant work at all anymore. Im only mentioning this because the transplant center claims the recipient is responsible for all of the donors expenses when they cannot work. 
+
+Im afraid disability will lag and take too long to actually be helpful. And the financial aid from the transplant center is not much to go on, especially in hard times like post operation.
+
+I have enough money to pay bills (rent, mostly) but its going to be a huge hit when im not able to work for likely over a month while I recover and go to regular check ups. 
+
+Does anyone have any suggestions on what financial help I can get? Thanks in advance everyone! 🙏
+
+Edit: I apologize if this goes against the medical advice rules 🙆🏻‍♂️ This seemed like the most helpful place to ask 🙋🏻‍♂️
+EDIT - I got the generic chips. I told my friend/coworker about my anxiety and she called me a ding dong for even worrying. It’s a non profit after all. Thanks to all for the reassurances! 
+
+I say company but it’s really like a 10 person non-profit organization. 
+
+We’re having a potluck picnic thing. I signed up to bring chips. Can’t justify (or afford) name brand Lays or whatever chips. 
+
+I feel so self conscious about showing up with the off brand chips, even though it’s a freaking non-profit, so we all make little money and I’m sure it won’t be the only off brand food there. 
+
+I just need to put my big girl pants on and get over it. There’s no sense in spending 3x the amount for name brand.
+​
+
+[DFV Arriving from the future sent back by R.C.](https://preview.redd.it/4szp0dqt4va71.png?width=449&format=png&auto=webp&s=378371c27a366b89a9e41aa741fccd79517341d3)
+
+Hey apes, I've been reading into ***FINRA's Regulatory Notice 21-24*** and I feel like there's a huge piece of the puzzle that people are glancing over. Happy to talk about any oversights or oversteps of my analysis to make sure this is spot on.
+
+Everyone keeps pointing to the impact on short sales, but this feels SO MUCH BIGGER than the short sale stuff. My interpretation is that this actually closes the loop on the married call/put issue, effectively neutering it, which is AMAZING NEWS for the apes.
+
+\---
+
+**TLDR**: **The rule clarifications (effective immediately), if enforced (and that's a big IF) could lead directly to the end game, potentially getting the party started (assuming this is all enforced) at the most appropriate time: the start of MoonJam. The changes mean it will be physically impossible for the hedgies to kick the can down the road via** ***OTM*** **puts anymore due to the steep margin requirements to initiate a transaction.**
+
+[Hasta la vista baby.](https://preview.redd.it/h76gkb3n4va71.png?width=500&format=png&auto=webp&s=fff86a70cdac503900b24bb33597153af38b01a1)
+
+**---**
+
+Let's start at the beginning, which is actually the end. People keep getting stuck on $2,000, probably because the rules keep referencing it. Let's look at Endnote 1 though regarding what the initial margin requirement actually is on which they are offering a clarification:
+
+>Rule 4210(b) requires a customer to deposit margin in cash or securities, which shall be **at least the greater of**: (1) the amount specified in Regulation T, or Rules 400 through 406 of SEC Customer Margin Requirements for Security Futures, or Rules 41.42 through 41.49 under the Commodity Exchange Act (CEA); (2) the amount specified in paragraph (c) of Rule 4210 (the maintenance margin requirements); (3) **such greater amount as FINRA may from time to time require for specific securities**; or (4) **equity of at least $2,000** except that cash need not be deposited in excess of the cost of any security purchased (this equity and cost of purchase provision shall not apply to "when distributed" securities in a cash account). The minimum equity requirement for a "pattern day trader" is $25,000 pursuant to paragraph (f)(8)(B)(iv)a. of the rule.
+
+My interpretation (which is not financial advice...I'm just an ape who used to read/decipher financial legalese for a living but is still a smooth brain whose words should be taken with a grain of salt) is that $2,000 is the FLOOR, and the only "known" number used because everything else has some level of subjectivity or specificity. IMO, they keep using $2,000 in the clarification text because it's shorthand for "whichever value is highest of the 4 options." That's what we used to call "capturing the spirit of the text" back in my MBA program. My two primate cents.
+
+Let's explore option 3 though, and see if FINRA made any specific requests for margin requirements on particular securities. OH YEA, THEY DID:
+
+>**/021 Minimum Equity**\[Omitted 1-4\](5) **Even if the resulting equity is less than $2,000**, the minimum equity requirement **with respect to the sale of an option** in the account would be satisfied by the **deposit into the account or under an escrow agreement** (as defined in Rule 4210(f)(2)(A)(xiv)) of:(A) **cash sufficient to satisfy the customer’s payment obligation** upon the assignment of the options **if it is a put**; or(B) **fully paid securities sufficient to satisfy the customer’s delivery obligation** upon the assignment of the option **if it is a call**;\[Omitted (b) \]
+
+​
+
+[I need your FTDs, your Shorts, and your OTM Puts.](https://preview.redd.it/eteas7406va71.png?width=584&format=png&auto=webp&s=84977758d37dff17db8d4baea809228f04e678ae)
+
+So now it looks like opening a put requires posting cash to satisfy a payment obligation and opening a call requires posting the fully paid security. THIS IS INSANE. THIS IS NOT $2,000...it is MUCH GREATER. What I think this means is that if they want to execute a married call/put option trick, they will be subject to both of these margin requirements on execution of the trade.
+
+If I understand the mechanics correctly (and I may not...please, wrinklier ones, chime in), that means that for a put they need to post the difference on trade execution between the current fair value and the strike price for the entire transaction - the potential loss. Going off of the $0.50 and $1.00 strike trades expiring this Friday, that accounts for 178,936 contracts that will need to be renewed to cover the FTDs and kick the can down the road. If they wanted to roll them, it would be roughly a $200 difference...that's like $3.6 BILLION. And that's not even touching the call...the call half of the trick would require the FULLY PAID SECURITY.
+
+Now say there was an expected event in the near future when a new call would need to be made \*cough cough 7/16 option expiration cough\*, in order to open a new call contract to cover up some FTDs, if my understanding is correct, they would need to post 17,893,600 fully paid shares of GME as collateral. THAT'S INSANE, and IMPOSSIBLE with all us diamond handed apes hodling our moon tickets.
+
+On top of this, there's this gem:
+
+>**/022 Effect of Market Value Decline Below $2,000 Equity**If the equity in a margin account falls below $2,000 because of a decline in the market value of the security positions in the account **and no new commitments are made**, no deposit or liquidation is necessary. **For the purpose of this Rule, a same-day substitution constitutes a new commitment**.
+
+https://preview.redd.it/7sbnge4m7va71.png?width=457&format=png&auto=webp&s=d78dcf5f2f4c3d429e7ad92ba03a021bdd699583
+
+While it may look like hedgies are safe if their collateral value drops, that's ONLY if they make no new commitments, and it is specifically called out that a substitution, i.e. rolling options, counts as a new commitment. This precludes them from the no-deposit-and-no-liquidation clause. If they try to roll the 7/16 expiring options, they will not be safe.
+
+The fact that this is happening right before this massive OTM put expiration makes this giddy ape think the start of the MOASS is right around the corner. With the daily collateral checks, and options expiring at EOD Friday, this makes me think that the first check that would show an issue would be after one full trading day when these contracts have already expired. That would be Monday, meaning the check that counts would be...Tuesday. MoonJam Launch Day. Buckle Up.
+
+Sorry for adding the date, but hot damn...7/16 is already hyped enough, what's a little more hype, amirite?
+
+**Other TLDR for those who scroll first**: Hedgies are fuk beyond belief. If this rule is actually enforced, it would seem they cannot continue to carry out the married call/put option trick to kick the can down the road, and the FTDs will start piling up in the millions after the 7/16 option expiration. MusicStop. GameStop.
+
+​
+
+[Buy and Hodl](https://preview.redd.it/jdnx33v86va71.png?width=487&format=png&auto=webp&s=360d9f6d57587ef8d236d7bb1688b6c83baa5faf)
+
+​
+
+Bonus meme:
+
+https://preview.redd.it/29le71ebkva71.png?width=486&format=png&auto=webp&s=52d502fac0631742799b159995ff7a40f96b806e
+With all this hype on this trend of tele-health/tele-medicine, I decided to download the CloudMD app myself and see what it’s all about.
+
+Generally speaking, this app seems like it has it all. Although I haven’t booked an appointment yet, it just seems very seamless and I think the app is truly well designed for what it is. It’s simple to use, it has a very customer-focused feeling to it, and it integrates very well into the other good apps that I use daily.
+
+Has anyone else actually booked a appointment with a doctor, and if so, what was your experience like? Will it change how you see your doctor moving forward?
+
+*Edit: update... so I used the app to book a doctor last week and boy was it easy. Easy to punch in all my information, book an appointment, and meet with the doctor. 
+
+The doctor was very informative and helpful and patient. I thought it was pleasant and nice to see a change in my doctor (one who I have seen for the past 3 years).
+
+The prescription was sent to the address of my closest pharmacy (that I provided) and it was ready within 10 mins! Wow. I was amazed. 
+
+I have another appointment booked again today and it’s so nice to have it work with my schedule rather go against it. Long-term user here.
+I'm putting together a portfolio of around 5 ETFs (something like [this](https://www.pwlcapital.com/resources/toronto-team-model-etf-portfolios/)) and I want some way of visualizing the percentage allocation of each fund, so I can very easily see when things need to be rebalanced instead of having to constantly do math. 
+
+I use Scotia iTrade but can't seem to find any tools in there that will visualize my portfolio allocations (a pie chart would be nice hah). 
+
+Is there a tool out there that does this? (I checked out PortfolioVisualizer already, and maybe I'm missing something, but I don't think it does specifically what I'm looking for)
+
+Any general tips on how to make rebalancing an easier task or possible ways to visualize it with up-to-date prices?
+I get constant calls (at least 5 a day) from people who want to buy my investment properties from me. Most of them I purchased as replacement properties in a 1031 exchange, so I had to purchase them in my name since the relinquished property was in my name. Also, this means I can't really sell for 5 years even I if I wanted to, which I don't. 
+
+What is the best way to stop all these calls?
+How did you save up the money to buy your first rental?
+
+I’m 24 and I take home $1500 post tax. I’m trying to figure out what I want to do to increase my income, but my ultimate goal is to be able to live passively and I think having rental properties is the way to do that.
+
+Did you just work likea normal person and save up over the years? Or is there some secret I don’t know about yet?
+Currently make 70k for a large company with about 4.5% 401k match and ~20 days PTO+sick off the year. It’s a 1 hour drive once covid ends but may be able to negotiate WFH. Only been here for 5 months. 
+
+New company is a much smaller company offering a much better title with 90k salary, 2% 401k match about 15 PTO+sick. It will be officially WFH from now on. 
+
+I enjoy the work I’m doing now and I also think my current job industry now will be in high demand for the next 10+ years but it is niche so less available opportunities but high demand (but could easily find a job in any major city just not as many as the other role) The new role is in a different job function but within the same overall industry with more current opportunities and job function has less growth in the future. Both roles I’ll be primarily responsible for content development (ie slide deck development). 
+
+I also have a mentor in the new company who has been a great help and is a great connection. So personal development growth in the new company could be exponential
+
+To get to 90k in my current role will probably take 2-3 years if I stay at my current company but could probably hit 85k if I switch to a new company in 1-2 years while staying in my current job function/industry
+
+Could probably always switch back to current industry  as skill sets are highly transferable and only difference is that current industry requires a more specialized knowledge set.
+
+TLDR: new company is offering +20k salary with slightly less benefits and is in a different industry that has almost been fully developed(compared to high growth in current industry). Personal growth/moving up the company ladder will be better in new company too
+
+Leaning toward new company but what are your thoughts?
+https://www.desmoinesregister.com/story/money/agriculture/2020/05/07/infected-workers-waterloo-plant-more-than-double-earlier-figure/3092376001/
+
+More than 1,000 workers at the Tyson Foods plant in Waterloo have tested positive for the coronavirus, a county public health leader said Thursday - more than double the number Gov. Kim Reynolds had said the day before.
+
+The 1,031 Tyson employees confirmed to have the coronavirus included workers who were tested at the plant during the shutdown as well as at private health-care providers, Black Hawk County public officials said.
+
+Reynolds said Wednesday that 444 workers at Tyson's Waterloo plant had tested positive.
+
+The others were Tyson pork processing plants in Columbus Junction and Perry, and an Iowa Premium beef processing plant in Tama.Joshua Pikora, disease surveillance and investigation manager in Black Hawk County, where the Waterloo plant is located, said the governor's numbers for Waterloo reflected tests conducted only at the Tyson plant, not at health facilities elsewhere.
+
+Steve Stouffer, president of Tyson Fresh Meats, and Tom Hart, the Waterloo plant manager, detailed the added measures the company has taken to ensure worker safety.
+
+A sign stands in front of the Tyson Foods plant in Waterloo, Iowa.Waters, who was part of the briefing, added that other meat processors should use the Waterloo plant as a model for employee protections.
+MCFE declared a special dividend and I, thinking I'm smart, bought 30 puts, thinking this will pay off nicely after the special dividend date.  
+
+Little did I know, but the 30 strike puts I bought magicaly turned into 25.5 strike puts this morning.
+
+Chalk another one up to market tuition...
+Back in the early days of Bitcoin, around the time when alts started popping up, many users spent time in the Bitcointalk forum, perhaps many still do. The value was hovering around $100-300 and just as we are now, everyone was excited about the future!
+
+One comment reply that has always stuck with me, and one I have used countless times in the 8 years since I first heard it, was “Remember, one day a Bitcoin will be worth $50,000.” It was said with such conviction and authority that I haven’t been able to forget it.
+
+Perhaps you’re reading this now? 
+
+Today we are on the cusp of that prediction coming true, and though it felt like a certainty back then. I want to say thank you.
+
+Thank you to that person for giving me the ground work to build upon with my own Bitcoin journey. Thank you for instilling confidence in me that I could share with others. Thanks for being the first person to open the door for me and show me the true meaning, value and potential of Bitcoin. I won’t ever forget it and hope you’re doing very well in life.
+I am not a lawyer or a financial advisor.  This post, nor any comments herein, shall not be considered legal or financial advice.
+
+There have been several posts putting forward the theory that someone is trying to keep the share price elevated in order to artificially increase their holdings in order to make it appear, on the books, they have more assets than the really do.  The idea being that this would avoid a margin call.   I don't believe that's a good theory.
+
+For example, if you're selling shares short on margin, you have to create a margin account with about 50% more in it than the cost of the transaction (percentage can vary).  If the share price increases to the point where it passes the value you have in that margin account, you get a margin call to add cash.
+
+When you get that call, the organization calling you doesn't make that choice based on all your assets.  They're strictly looking at that margin account - they can't see any of your other assets.  They just see your deficit in that margin account.  Pumping up other stocks, like Berkshire, won't prevent a margin call from happening.  However, there is another possibility.
+
+In looking through the Institutional Holders of BRK.A, you'll see one of the largest holders is BlackRock.  That should be a familiar name.  As one of the largest holders, they would be interested in defending the share price.  Maybe, even do more than just defend it.  Here's my theory.
+
+BlackRock knows that the SHF short hundreds of stocks.  One of these shorted stocks may include Berkshire.  If so, even a minor jump in its share price could initiate a margin call for a Berkshire margin account.  That could create a cascading event to other margin calls.
+First of all let me put a little disclaimer here: I'm 100% convinced that GME is going to get squeezed to ridiculous numbers one way or another. I had a little doubt in early February, but I still bought more at $48 and on February 24th I lost any doubt and ever since then nothing really changed for me. I'm not making this post to curb people's optimism, but because I believe that instilling public opinion, even if it's positive on GME, based on misunderstanding is not the way.
+
+​
+
+Since yesterday the most talked about subject is the "reported" 49% quarterly loss by Melvin. Even beside the fact that this is coming from "an annonymous source" I think that people are too quick to think "Melvin just lost 49%, they are going to get margin called on Monday". Now, let's take a step back: 49% **first quarter** loss. If you're holding since January you would remember that Melvin lost [53% after the January events](https://www.fnlondon.com/articles/melvin-capital-lost-53-in-january-due-to-gamestop-and-other-bets-20210131). Then they allegedly gained 22% in February and then lost 7% in March.
+
+Let's say at the begining of 2021 they had X amount of money. In January they lost 53%, so they are left with 0.47 X. In February they gained 22% of that, so they had 0.57 X. In March they lost 7%, so that's 0.53 X or -47% between the begining of the year and end of March.
+
+Conclusion: if you're following GME since January and heard about the 53% loss in January then the 49% first quarter loss is no news at all.
+
+Ultimately I don't think it really matters in the context of the squeeze, because like I said, to me it's gonna happen one way or another, but I just think that we should strive to spread the best quality of information we can. This is just an example, but in general I feel like a lot of (reasonable) speculations (backed by data indicating they are likely correct) are treated as if they were hard evidence and undeniable facts. Or sometimes people get the facts straight, but come with conclusions that are still questionable.
+As the year comes to a close, I thought it would be nice to take a moment to think about the positive financial moves each of us have made this year.  
+
+What steps have you taken (big or small) to move you and/or your family one step closer toward financial independence?  I’ll start with a few of mine.
+
+2021 Wins:
+
+1. Fully funded my Roth IRA 
+2. Husband opened and fully funded his Roth IRA
+3. Set up $100/mo. auto investment into daughter’s UTMA account
+4. Opened a taxable brokerage account
+5. Got our mortgage balance below $50K!
+6. Paid off husband’s student loans!!!
+7. Continued using YNAB to budget.  :)
+
+2022 Goals: 
+
+1. Get a full-time job.  I’ve been a SAHM since our daughter was born, but I’ve dabbled with various projects (currently doing a little trading).  I’m looking forward to having a steady paycheck while continuing to trade a little here and there.
+
+2. Increase my husband’s 401k contributions to 15%.  He’s been doing 6% which is what the company will match.  If I get a job, we’ll be able to funnel more toward retirement.
+
+3. Continue to streamline our budget and be more intentional with our spending.  I’d like to add more to the “family fun” budget line and decrease spending in categories like dining out.
+
+4. Continue maximizing our Roth IRA accounts and paying down our home.  :)
+Long story short, while we are not 100% FI yet, spouse and I are in an *excellent* position so far -- own our home outright, have (low) seven figures in savings in both pre- and post-tax accounts (although VHCOL area) not counting 529s for kids, and spouse's job has ironclad health benefits.  Windfall to come in a few years due to family generosity which would mean genuine FI, and this is not speculative (i.e. the paperwork is done and I have it).
+
+We have two young kids, and our district will be doing a hybrid model to start.  There needs to be an adult to help the kids with the remote part -they are too young to do it themselves, period.  We have no plans to hire someone, spouse must work in person, and grandparents are not a realistic option.
+
+I have been working professionally my entire adult life, but have come to really hate my job - extreme anxiety, not rewarding, and frankly, the money is no longer commensurate with the stress.  I am working from home now, and will have to be the caregiver as well for this upcoming school year.  My job is also not exactly compatible with being with the kids most of the day, unless I work till 2am every night.
+
+I feel like on paper this is a no-brainer to quit my job and focus on the kids -- and my hand may be forced.  But the years of work, of professional responsibility, societal pressure to keep working/not just quit, fear of the professional unknown and where/how to get back in (not easy in my profession) and the fact that we are thisclose to having the FIRE $$ in hand due to windfall (but not just yet) are making me hesitate, or at least feel very conflicted about making peace with the fact that shit happens and I may just have to quit without being FI just yet.
+
+Any thoughts, support, constructive criticism, etc., is welcome.
+New house so we need new furniture. And we have money saved. 
+
+Last time the store didn’t even ask us how we wanted to pay. It was just “okay this is the monthly financing, sign here”
+
+I immediately paid it the next day. 
+
+…. But I don’t want to do that. 
+
+Instead of swiping my debit card (because I don’t normally have $4k just sitting in the checking account) is it a bad idea to put it on my credit card?
+
+1) my card says I have $7k available in credit. 
+
+2) I will pay it off tomorrow
+
+3) I get 2% cash back in rewards
+
+**this seems like a no brainer but I wanna know if this is dumb before the sales people hound me into not doing this**
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+Before Coinbase outage: 2.66 on-chain tx/s
+
+After Coinbase outage: 1.11 on-chain tx/s
+
+Link: https://twitter.com/ziggamon/status/951700118830432257
+
+See it here: https://tradeblock.com/bitcoin/
+Sorry if this is a stupid question. I’m trying to understand what FTX is. Is it like a Coinbase?   How did FTX money dissapear if its crypto on the blockchain? I thought money can’t disappear on the blockchain? If it’s like Coinbase, does that mean your money in Coinbase is not on the blockchain?  If money can just disappear and be used like that, isn’t it more like a centralized bank? And if there are no clear regulations on these decentralized banks off the blockchain, then wouldn’t my money be safer in a centralized bank? I really don’t get how crypto disappears. Isn’t that the whole point of crypto?!! The blockchain?
+I am an experienced investor, but I have kept my investing fairly vanilla over the decades. I think I might be missing something about dividend investing….
+
+My former broker only bought dividend stocks. I started tracking the portfolio independently and discovered I was underperforming the market and I fired him.  I must give him credit though for steering me back to profitability after the 2007 crash. 
+
+ I understand the appeal of a guaranteed payout quarterly, but the stock still goes up or down like the rest of the market. So, it confuses me when I read on here, “I am in “such and such” which gives me a nice 5% yearly. That comment doesn’t seem to account for the fluctuation in the stock itself. If the stock tanks 40%, that 5% dividend isn’t making me feel better.
+
+What am I missing?
+Sorry if my headline isn’t clear, so say my broker doesn’t do fractional shares, can I just take my quarterly dividend payment and add few more dollars to it and just buy another share? Is that a thing? Thanks!
+So I have about 4k, potentially 5k if I decide to keep investing (I feel a pullback coming due to delta variant and an over inflated economy) in my brokerage account, and I am considering using this to go all in on a dividend plan to help give me spending money during college. 
+
+
+If I have 5k invested, and I want to use this to earn spending money via dividends, how should I do this and what obstacles might I encounter?
+First time posting - 36M current NW $50k soon to be around $2.5M
+
+Context: We are going through the final stages of diligence selling my business and I have so many questions. Any help would be greatly appreciated!
+
+* Transfer of funds: I currently just have a PNC bank account and a Fidelity investment account. Where should I have them wire the funds? Should I open another account with a large institution? Any worries about FDIC limits? 
+* Investment Strategy: I have a pretty good idea what I am doing with the capital, but thoughts on cost dollar averaging into the assets/securities I plan on investing in? 
+* Tax Strategy: Unfortunately our business is not QSBS eligible. Any ideas or resources you suggest to limit my tax liability. Thoughts on paying the tax bill on margin loan ETF investments? The business has a realistic earn-out potential for me in 2022 (around $500k including holdback) which I know is not guaranteed, but is also a factor and would conceivably limit some risk with the margin loan. 
+* Social Aspect: How do I handle telling my family/friends. Most know that I own a relatively valuable business, but I have invested everything over the past 6 years into it and live a very modest life. I don't think that will change dramatically, but I do plan on living a little bit now that I have hit my next step on the path to FatFire ($10M goal by 45y/o btw)
+* Big Purchase: Not talking about a Lambo or anything crazy, but maybe a Submariner or something to commemorate the event. I saw someone on a thread talking about this and thought it was a cool idea. Also thinking of maybe just a great vacation - rent a sick house somewhere and invite family/friends.
+
+Thanks in advance! This thread is super inspiring and I am looking forward to joining a lot of you in the FatFire lifestyle in a few years myself. Any other advice on topics not listed above would be greatly appreciated!
+Okay, so this is my first attempt at doing a possible DD and this is what I’ve come up with.
+
+I received an email from **Robinhood** (**I already transferred my shares out**) the other day telling me their ACH had changed from **Sutton Bank** and that they would now be using **JP Morgan Chase**.
+Right away my bias wanted to be confirmed that this had something to do with The MOASS. But, I didn’t yet have any proof. So, I hopped onto **DuckDuckGo** and got to searching.
+
+The first search I did was for **Sutton Bank** which turned up, what seemed-to be a somewhat small bank in Ohio. I thought this was kind of odd due to the fact Robinhood is a pretty large brokerage company... and my confirmation bias wants them to be hiding something. Which led me to my second search which was for “Sutton Bank Assets”. This time the search results lead me to a website called https://bankjitsu.com/org/sutton-bank.cgv. Here, I came across some interesting information about parent organizations of **Sutton Bank** since it was first established in 1878. The parent organization that caught my attention for a deeper dive was a company called **Centran Corporation**.
+
+While looking into **Centran Corporation** I learned that they “**sustained a major securities loss and problems with its international loans in the early 80’s (sounds kinda familiar)**” before later merging with Society Corp”. After, completing the merger with **Society Corp** in 1986 they became the third-largest holding company in Ohio. They remained that way for the next 6 years where they then completed a merger with **KeyCorp** in 1994.
+
+Now, this is all speculation. But, my confirmation bias wants to connect all of this in some way and that leads me to want to believe one of the banks that got caught on the wrong side of the GameStop trade is **KeyBank**. Who in 2020 according to Wikipedia managed just under 200 Billion in assets. **KeyBank’s** Current Market cap is around $22 Billion and it just so happens JPMorgan Chase Has raised around [$22 Billion](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever)  in the bond market as of April 15, 2021. After raising the money the bank said it would “do something” but declined to comment any further. Could JPMorgan Chase be buying up smaller banks and clearing companies as part of some plan to consolidate and cover losses due to GME?
+
+I may be completely wrong, but my confirmation bias wants to believe we are further along in The MOASS than we think! Cheers everyone and see you all on the moon! 🚀🚀🌙
+
+Tl;dr: I think Jp Morgan Chase bought Key Bank in the Defaulting Members auction of assets and they are now replacing Sutton Bank as Robinhood’s new ACH as some sort of consolidation method in order to help the MOASS run smoother.
+
+**Edit: I am assuming that the Auction of Defaulting members may have already started.**
+
+**Edit 2: Added [this link](https://www.key.com/kpb/our-insights/articles/kq-gamestops-rise.jsp)  from u/TrimleyJeweled that shows KeyBank talking about GameStop destroying the Market.**
+
+**Edit 3: Added in a screenshot of the [email from Robinhood ](https://m.imgur.com/gallery/NSHIQqX)**
+
+**Edit 4: To all the people giving downvotes. Leave a comment as to why. Help us all grow some wrinkles.**
+
+**Edit 5: It was brought to my attention by u/adventuresofjt that the [KeyBank](https://www.reddit.com/r/Superstonk/comments/nntwpt/jp_morgan_bought_key_bank_at_auction_hearing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)  in his area was boarded up 2 days ago on the 27th of May (the same day Robinhood sent out the email). Some are still open like the one in downtown Denver, but I’m wondering has anyone else noticed any other KeyBanks closing shop?**
+
+**Edit 6: Another interesting bit of information found by u/Flokki_the_Monk “Interesting that KeyBank just appointed a new General Counsel and Corporate Secretary just this past Monday.”**
+
+https://www.prnewswire.com/news-releases/keycorp-appoints-james-l-waters-general-counsel-and-corporate-secretary-301297682.html
+
+**”James L Waters came from Cullen/Frost. What a weird coincidence that Citadel Investment Group was the #1 stock holder among hedge funds of Cullen/Frost last year”** https://finance.yahoo.com/news/did-hedge-funds-call-cullen-222206998.html
+
+**Edit 7: Elaborated on my thought process a bit more in the 5th paragraph to clear up why I suspect JPM Chase bought KeyBank.**
+
+**Edit 8: Edited my TLDR to mean exactly what I think.**
+I've been involved with Ethereum since the early testnet days when you could earn reward ETH as well as a participant in the crowdsale. I was also there at the launch of Mainnet and mined one of the first 20 blocks with my own GPU rig.
+
+So you would think I'm a millionaire whale now and sitting on a pile of Ether?
+
+Wrong. I now have just a handful of Ether, barely double digits and about 3% of my original stack.
+
+And why did this happen - I blame myself of course, getting caught up in ICO hype and making bad investment decisions. The three biggest things that destroyed me: The DAO, discovering leveraged trading and my own Greed.
+
+Had I chosen to HODL my Ether, right now I would be sitting on a nice and comfortable high six-figure dollar value of ETH. Now I just have a fraction of it left.
+
+But I bear no malice to anyone else, the choices were my own and it was a learning experience. I still have a good job and I'm not about to find myself thrown out on the streets. But it has made me seriously contemplate my trading approach and taught me to diversify and HODL all the harder.
+
+And leveraged trading? With the exception of using it as a means of insuring your portfolio value it is *pure evil*. I didn't lose anything I wasn't prepared to in the first place but when you hear about people maxing their credit cards and borrowing from family to go long or short on Ether I fear they have no concept of what it is they are truly risking. Yes, fortunes can be made in crypto in a very short period of time but so to can massive losses. And the sharks are out there too and they will eat you alive.
+
+**Don't risk more than what you can stand to lose - and don't take stupid risks attempting to trade in ways you don't fully understand.**
+
+Take it from someone who has had a glimpse of it already.
+#Beginner’s Guide to Exchanges – Part 1
+
+Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges)
+Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, ***EVERY*** exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. 
+Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.
+
+#**00 – Concepts and Definitions**
+
++ **What is an Exchange?** An exchange is a digital market place where you can buy or sell one kind of currency for another, whether that be digital or real (fiat) assets. 
+
++ **What is Fiat?** Fiat currencies are national currencies which can be represented in hard cash amounts. For example, US Dollars, Euros, British Pounds, Japanese Yen, etc. 
+
++ **What are a Deposit/Withdrawal Fees?** This is the price for putting currency in or taking your currency out of an exchange and your associated wallet. In the case of fiat this could be depositing or withdrawing money via bank transfer or credit card. For digital currency, the exchange may charge a fee to send your ETH, in my opinion this should be free, but they have to cover gas fees.
+
++ **What is a Maker Fee?** When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker. Maker fees are generally lower than taker fees on most exchanges. 
+
++ **What is a Taker Fee?** When you place an order at the market price that gets filled immediately, you are considered a taker. In cases of very large orders it is possible to only pay a taker fee for a portion of your order that gets partially filled. The remainder of the order is placed on the order book and, when matched, is considered a maker order. Fees for takers are usually between .1 to .35% on most exchanges.
+
++ **What are Verification Tiers?** Most exchanges will not allow trading without verifying your identity in some way. This can be accomplished through your email, phone number, copies of your passport/driver’s license, bank statements, recent utility bills, etc. Exchanges then allow for higher trading limits depending on how much verifying information you provide.
+
++ **What is 2FA?** This is short for Two-Factor Authentication. In most cases this uses your site password (what you know) and your cellphone (what you have). When logging in you will need to confirm your log in attempt with a code sent to your cell phone. It adds an additional step to prevent someone hacking your account. In my opinion any trustworthy exchange should offer this and you should research the pros and cons of Google Authenticator/Authy App/SMS before using it.
+
++ **What is a DDoS Attack?** It stands for Distributed Denial of Service. Usually it is when a series of bots or a botnet which tries to flood the bandwidth or resources of a targeted system. It can cause websites to become slow or unresponsive. 
+
+
+#**01 –Digital Exchanges**
+###**Poloniex**
++ **Overview:** The highest volume of ETH currently goes through Poloniex, undisputed leader in crypto currency trading. Its popularity comes from the fact that the exchange offers the widest selection of small and alt coin trading. Add to that minimal registration requirements and it is a recipe for lots and lots of users. 
++ **Website:** https://poloniex.com/
++ **Mobile App:** No
++ **Withdrawal/Deposit Fees:** *No Fiat Deposit/Withdrawals. Minimum Deposit of 1 ETH in Exchange Wallet. Withdrawal fee of .005 ETH when sending to other wallets*
++ **Trading Fees:** 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+All Currencies | .15% | .25%
+
++ **Security:** Perhaps a red flag here would be the [DDoS Attacks this May](https://www.ethnews.com/poloniex-profits-after-liquidating-long-positions-during-ddos-attack). This affected Kraken as well, and a lawsuit is being filed on behalf of users who had their positions liquidated. I don’t believe there was foul play, but I won’t speculate either. Less recently, they were hacked and [97 Bitcoin were stolen in 2014](https://poloniex.com/press-releases/2014.07.02-Poloniex-Repays-97-Stolen-Bitcoins-to-Customers-from-March-Exploit). However, they returned all funds to the users, which I believes says something about their integrity.
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA |Google Authenticator Available
+Wallet Security | ‘Majority’ of Funds in cold storage
+Personal Information | Encrypted and Stored Off-Site
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits 
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Level 1** | X | X | | | | | | | $2,000 USD Daily Withdrawal Limit
+**Level 2** | X | X | X | X | X | X | | | $7,000 USD Daily Withdrawal Limit
+**Level 3** | X | X | X | X | X | X | | | $25,000 USD Daily Withdrawal Limit
+**Level 4** | X | X | X | X | X | X | X | X |>$25,000 USD Daily Withdrawal Limit
+
+*What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.*
+
+
+
++ **Customer Service:** The biggest difference between Poloniex and other exchanges ~~is~~ *was* their use of their Trollbox chat feature. However, due to the chat being used more for ignorant comments rather than help it ~is a waste of time~~ *has been discontinued.*
+A quick search for customer service reviews from Poloniex shows poor results – extremely long wait times (counted in months not days), withdrawal issues, frozen accounts without notice, and a range of other complaints. Most other exchanges have similar complaints about slow response times, so I think this is a temporary issue. In a press release it was stated their user count rose 600% since January. However, the chronic lack of communication and transparency seems to have some in the community up in arms and should be addressed.
++ **Bottom Line:** Being the biggest fish in the ocean means you constantly have a target on your back. With issues from the DDoS attacks to laggy trading service to poor customer support, it may seem that Poloniex is not worth your trust. But if you are looking to trade obscure altcoins, and do it without many verification hurdles, there really is no other marketplace. Personally I think they are trying their best and I believe they are improving when u/Mike-Poloniex says stuff like [this](https://np.reddit.com/r/ethtrader/comments/6bas40/polos_recent_lack_of_support_is_unacceptable/dhlils5/)
+
+##**Bittrex**
+
++ **Overview:** Based in Las Vegas, Bittrex also offers lots of altcoin pairs with no fiat support, similar to poloniex. This allows for faster verification of activating accounts and moving funds. In the past, there were criticisms of the verification process for more some altcoins: some pairs had very low liquidity while other coins were just straight up scams. Especially Deaf Coin, a LiteCoin clone that was exclusively offered through Bittrex was delisted along with 35 other scam coins in February 2015 (compared to Poloniex at 17 removed in 2014).  Since then a more thorough vetting process has been applied and it now labels ‘Verified Markets’ 
++ **Website:** https://bittrex.com/
++ **Mobile App:** No (Perhaps Unofficial Ones)
++ **Withdrawal/Deposit Fees:** *No Fiat Deposit/Withdrawals. Deposits are free and Withdrawals vary by coin to cover the gas fee*
++ **Trading Fees:** 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+All Currencies | .25% | .25%
+
++ **Security:** Positively the team has a solid background in system security – the CEO and top developers cut their teeth at places like Blackberry, Microsoft, and Amazon working in security services. I found no reports of hacks.
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA | Google Authenticator Available
+Wallet Security | Multi-stage wallet Majority’ of Funds in cold storage
+Personal Information | IP Whitelisting restricts trading from new addresses
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits 
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Basic** | X | X | X | | | | | | 3 BTC or less daily
+**Enhanced** | X | X | X | X | X | X | | | 100 BTC or less daily
+
++ **Customer Service:** The Support Center pledges to answer tickets within 24 hours of submission, but between the hours of 9 to 6. Searching for reviews seems to confirm this, and very few complaints can be found. I find their FAQ, Announcements, and Online resources a little hard to navigate, but it answers almost everything. 
++ **Bottom Line:** The complaints about scam coins might seem to damage Bittrex’s reputation, but my take is that no one was forcing people to trade risky assets in the first place. Perhaps it’s a bit negligent to allow trading them, but it’s the responsibility of the trader not the exchange to manage their money. Customer support and security also seems a step above the competition.
+
+#**02– Fiat Exchanges - USA**
+
+###**Coinbase (GDAX)**
++ **Overview:** Coinbase is the largest and debatably the most established name in crypto and GDAX is an exchange based on its services. While Coinbase allows users to buy ETH direct at market price through a wallet, GDAX allows limit and stop orders for the more advanced trader. Recently there have been complaints about the site going down and placed orders not going through. I think with the size and reputation to uphold, they [will work quickly to fix this problem](https://blog.coinbase.com/improving-customer-support-139d99e72876) as they would like to keep their customers from going elsewhere. 
++ **Website:** https://www.gdax.com/
++ **Mobile App:** Yes – Coinbase Wallet - [Android](https://play.google.com/store/apps/details?id=com.coinbase.android&hl=ko) / [iOS]( https://itunes.apple.com/us/app/coinbase-bitcoin-ethereum-wallet/id886427730?mt=8)
++ **Withdrawal/Deposit Fees:** *Free Wallet Deposits possible from Coinbase to GDAX. Fees schedule directly from Coinbase*
+
+Country | Credit/Debit | Linked Bank Account | Wire Transfer
+---------|---------|---------|---------
+Australia | 3.99% | - | -
+Canada | 3.99% | - | -
+Europe | 3.99% | 1.49% | SEPA- Free (€0.15)
+Singapore | 3.99% | 1.49% | - 
+UK | 3.99% | - | SEPA Free (€0.15)
+US | 3.99% | 1.49% | $10 Deposit / $25 With / ACH Free
+
++ **Trading Fees:** 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+ETH/FIAT | 0% | .30%
+ETH/BTC | 0% | .30%
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Level 1** | X | X | | X | | | | |
+**Level 2** | X | X | X | X | X | | | | Crypto Only 
+**Level 3** | X | X | X | X | X | X | X | | Fiat Enabled
+**Level 4** | X | X | X | X | X | X | X | X | Higher Fiat Limits
+
++ **Security:** [Interesting Read](https://steemit.com/money/@ackza/ever-wonder-how-poloniex-and-coinbase-keep-most-of-their-customers-bitcoins-so-extremely-safe-in-cold-storage-here-are-some)
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA | Google Authenticator, Authy, SMS  
+Wallet Security | 98% Assets in Cold Storage
+Personal Information | 3rd Party Verified, Secured, Stored Offline
+Digital Currency Insurance | Fully Insured by Lloyd’s of London
+Fiat Insurance | Up to $250,000 by FDIC
+Bug Bounty | Multiple bounties up to $10,000
+
++ **Customer Service:** Negative reports are abound with Coinbase, going well into last year. [Like look what BTC has to say](https://np.reddit.com/r/Bitcoin/comments/5ebdjd/coinbase_has_horrible_customer_service/dab38jc/) Anyways I feel that they have their work cut out for them if they want to remain a premier service and continue to expand. 
+
++ **Bottom Line:**– Coinbase is an established and reliable exchange. It’s worth making the distinction though between Coindesk to GDAX. Transferring between the two seems like an unnecessary step that charges high fees for users not clever enough to see the difference. Fees are very high when buying at market from Coinbase, yet low on GDAX in comparison to other exchanges. Additionally, they seem to have outgrown themselves and some customers seem dissatisfied and quick to recommend their competitors. However, their service extends to a variety of countries/currencies and their mobile app puts them in front the competition. In this way, it is a superior service and is on the forefront of making crypto mainstream.
+
+
+###**Kraken**
+
++ **Overview:** Supposedly CEO Jesse Powell was inspired by the 2011 bankruptcy of the Japanese exchange Mt. Gox. As he worked as a bankruptcy trustee of what was then the largest crypto exchange, he developed his vision for a secure, well-run exchange site. Kraken then aggressively expanded by acquiring existing companies like Coinsetter (NYC), CaVirtex (Canada), Clevercoin (Netherlands), Cryptowatch (Swiss), and Glidera (Chicago).  This has helped the San Francisco based firm to lead the market in ETH to Euro and CAD trading.
++ **Website:** https://www.kraken.com/
++ **Mobile App:** Android - No/ [iOS](https://itunes.apple.com/us/app/kraken-bitcoin-exchange/id914671502) 
++ **Withdrawal/Deposit Fees:** *.005 ETH Withdrawal Fee. And they really want US customer to sign up for Synapse Pay, which can reduce your fees.*
+
+Country | Linked Bank Account | Wire Transfer
+---------|---------|---------|---------
+EUR | Free | SEPA €5-10 (€0.09 Withdrawal)
+US | Free | SWIFT $10 ($60 Withdrawal)
+UK | Free | SWIFT £10 (£60 Withdrawal)
+CAN | Free | SWIFT Free ($10 Withdrawal)
+
++ **Trading Fees:** 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+ETH/FIAT | .16% | .26%
+ETH/BTC | .16% | .26%
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Level 0**| | X | | | | | | | No Trading Allowed
+**Level 1** | X | X | X | X | | | | | No Fiat, Unlimited Crypto
+**Level 2** | X | X | X | X | | | | | Fiat $2,000Day/$10,000Mo 
+**Level 3** | X | X | X | X | X | X | | | Fiat $25,000Day/$200,000Mo
+**Level 4** | X | X | X | X | X | X | X | X | Fiat $100,000Day/$500,000Mo
+
++ **Security:** Kraken was also affected by a [DDoS attack in May 2017](https://www.ethnews.com/kraken-users-margin-positions-liquidated-as-ddos-hits-amid-selloff). Afterwards those who had positions liquidated were not compensated and were merely pointed towards the legal page of the website. 
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA | Google Authenticator, Master Key Available	  
+Wallet Security | Majority Assets in Cold Storage
+Personal Information | PGP Encrypted Emails, Global Settings Lock
+Digital Currency Insurance | Maintain Full Reserves
+Bug Bounty | Multiple bounties 
+
++ **Customer Service:** The [Kraken subreddit](https://np.reddit.com/r/Kraken) is a bit of a ghost town, but a couple of the staff including the CEO pop in from time to time in other subreddits. Even a year ago though, there are reports that the average response time is 2 to 3 weeks. For how quickly they have grown, it seems their customer support has not kept pace. 
++ **Bottom Line:** Kraken’s website is well-organized and their policies for verification, security, and support are very clear. Their fees are reasonable for depositing, withdrawing, and trading. The recent hack and complaints about service have made some doubters recently, but the exchange has maintained its status. Its added quite a few altcoins too which increases its usefulness. 
+
+
+###**Gemini**
++ **Overview:** This is a newer exchange started in 2015 by the Winklevoss Twins (Yes, those twins, the ones from that Facebook movie). It is registered in New York State and is FDIC Insured. 
++ **Website:** https://gemini.com/
++ **Mobile App:** No
+
++ **Withdrawal/Deposit Fees:** 
+
+Country | Linked Bank Account | Wire Transfer
+---------|---------|---------
+USD | Free | Free
+
+
++ **Trading Fees:** There is a lot of complicated stuff written about rebates and other stuff, but basically it is this. 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+ETH/ALL | .10-.25% | .25%
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Individual**| X | X | X | X | X | X | X | | None - Except for ACH 
+
++ **Security:** According to their website, security seems to be taken seriously. 
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA | Google Authenticator, Authy Available 
+Hot Wallet Security | Hot Wallet Hosted by Amazon Web Services	
+Cold Wallet | Stored in 2 tiers of cold and 'cryo' multi-sig storage
+Personal Information | Encrypted in Transit and Stored Offline
+Digital Currency Insurance | Fidelity bond by 'top-tier insurance company' 
+Fiat Insurance | Up to $250,000 by FDIC
+
++ **Customer Service:** The one thing that stands out about Gemini is their customer service. Seriously reddit search this and you will see 5 recommendations for every complaint. Even with the huge influx recently, users have been praising their response time and professionalism. 
++ **Bottom Line:** Before the rush of new users, I saw people criticize the liquidity of Gemini, saying that it was too small of a market compared to the larger exchanges. Now their smaller size seems to be paying off because it has helped them offer better customer service. I personally dislike their user interface (their charts are very limited), that the website is geared towards BTC, and that fiat deposit clearance times are longer (3-5 compared to 1-3 days). However, they deserve credit for running an above average exchange with a clean track record thus far. 
+
+#**03– Fiat Exchanges - Hong Kong**
+
+###**Bitfinex**
++ **Overview:** Based in Hong Kong, Bitfinex is a OG in the crypto game. In 2014, it was the largest exchange in terms of USD/BTC, but in August of 2016, Bitfinex was the victim of the [second largest hack in crypto history](http://www.coindesk.com/bitfinex-bitcoin-hack-know-dont-know/). Reeling from losing almost 120,000 BTC (worth about $70 million), they came up with a solution to issue BFX tokens, worth dollar-for-dollar the amount lost. These tokens would then be bought back by Bitfinex from those who lost their assets. They successfully bought back 100% in April 2017, essentially paying back all outstanding IOU’s. Expensive Lesson.
+Bitfinex also recently had to suspend USD withdrawals due to a conflict with remitting money with Wells Fargo Bank. This has caused currencies to inflate on their exchange and force users to take out Tether USD (which Bitfinex has a considerable stake in) to transfer to another exchange and then sell. However, Tether also is in a quagmire of legal/financial trouble and cannot be counted on as reliable. This has caused lots of users to abandon the exchange in search of safer waters. 
++ **Website:** https://www.bitfinex.com/
++ **Mobile App:** Yes – [Android](https://play.google.com/store/apps/details?id=com.bitfinex.bfxapp&hl=ko) / [iOS]( https://itunes.apple.com/kr/app/bitfinex/id1079033582?mt=8)
++ **Withdrawal/Deposit Fees:** 
+
+Country | Credit/Debit | Bank Transfer | Express Bank Transfer
+---------|---------|---------|---------
+ALL | - | .1% ($20 Minimum) | 1% ($20 Minimum)
+
++ **Trading Fees:** 
+
+Exchange Type | Maker | Taker
+---------|---------|----------
+ETH/ALL | .10% | .20%
+
++ **Verification:** 
+
+Tier Level | Name | Email | DOB | Phone | Address | Official ID | Bank Info | KYC | Limits
+:-----------|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:---:|:------------------------------
+**Individual**| X | X | X | X | X | X (2) | X | X | No Stated Limits
+
++ **Security:** 
+
+Feature | Details
+:----------|:---------------------------------------------------------
+2FA | Google Authenticator, Twilio Available 
+Account Security | New IP Addresses locked for 24 hours, require verification and detection
+System Security | Hosted and Backed-up on Linux, protection from DDoS	
+Personal Information | Email encryption with OpenPGP
+Wallet Security | Only .5% of funds are stored in hot wallets 
+
++ **Customer Service:** I actually think that Bitfinex has one of the cleaner websites out there. The security features have toggles that allow you to customize your account security. Also their Support Center, Knowledge Base, and Blog Posts seem a little more complete than some of the other exchanges. Searches show some complaints of unprofessional behavior when completing support tickets, but the mod over at r/bitfinex seems pleasant. Anyone with personal experience please feel free to contribute here.
++ **Bottom Line:** It would be almost impossible to recommend this exchange due to recent developments. Until this withdrawal issue is fixed at least, probably don't count on this exchange. That said the reliability of Bitfinex is tougher to judge because it has been around longer. In crypto terms, it is a dinosaur. Whether that tarnishes or glorifies their record is up to you to decide. I believe the handling of BFX started as a clusterfuck and ended up showing some resilience. Their deposit fees are a little high in my opinion, but they do offer a mobile app to justify the price. 
+
+
+EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
+"Yes. So I won’t comment in any name specifically, but one of the things I do think that is going to come out of this – out of this whole situation with the shutdown is what we’re going to see is what all of us expected to play out over the next five to 10 years is going to play out over the next one to two years. And what that means is retailers with weak balance sheets or weak business models are either going to file for bankruptcy and liquidate or ultimately restructure their balance sheets and sort of emerge in a more sustainable fashion. And weak retail real estate or poorly located or low-quality retail real estate that might have been able to hang around for a longer period of time will quickly see its values diminish and possibly something different happening with it, meaning a lot of the repurposing, one of the big hold ups to some of this lower quality retail real estate being repurposed into something else, was that it’s still had a higher and better use as sort of low-quality retail real estate."
+
+https://seekingalpha.com/article/4345128-brookfield-property-partners-bpy-ceo-brian-kingston-on-q1-2020-results-earnings-call
+
+A lot of declines (retail, perhaps to some degree office use and other things) and growth (e-commerce, remote work, etc) being pulled forward during this.
+Hi there, I’ve recently been stung with a bill of over £2000 for a small scratch on a rental car. I’m challenging it but don’t expect to be successful. I usually take out external rental car insurance but forgot to on this occasion. 
+
+I’m lucky to be pretty comfortable financially so can pay the amount but I’m feeling very annoyed and a bit depressed about the whole thing. I feel a bit of a fool for being ripped off, given I’m usually quite financially careful.
+
+Any advice on how I can suck this up and move on?
+Curious in general +for any FAT-specific answers like retirement, personal trainer, high end in-house equipment, health or nutrition coach, holistic wellness doctor etc.  
+
+Non-fat answers are very encouraged if they Have had the biggest impact!
+We have household income of 80k and looking at getting our first mortgage. Presently, we live in Glasgow and want to get a flat that we can pay off in 10-15 years, then we could potentially get another property if we wanted to. We do want to start a family in 5 or so years and I think the kid will be alright in the flat for the first few years. We don't want to live in the house at the moment, mainly because house maintenance is a lot of work and the possible house locations are far away from where we want to be (city centre/west end).
+
+All our friends think it's a crazy idea and tell us that we should go for max possible mortgage and get a house. The arguments being: houses are easy to sell, kids/dogs would be happier in the house, gardens are nice, etc. 
+
+Apart from lifestyle differences we have with friends, are there any other financial considerations specifically for getting larger mortgages? In my head, maxing the borrowing is not a good call, however, I understand that mortgage is different from a credit card debt and it may actually be sensible to get a larger one.
+Musk said on the 9th that Tesla is unlikely to acquire another automaker, but the possibility exists to acquire a mining company. "We're not simply looking to acquire a mining company, if that's the only way to accelerate the transition to electric vehicles, then the possibility is on the table."
+
+10 Tesla CEO Musk said Tesla is open to acquiring a mining company if producing its own electric car metal could accelerate the adoption of clean energy technologies worldwide. What do you guys think of this news?
+Lately on this sub I have been seeing the ridiculous notion that dividends are a "waste" and "horrible" for taxes, which simply isn't true. 
+
+Let's start with taxes. 
+
+2018 Capital gains taxes are as follows: 
+Long-Term rates:
+0% for up to 38,600 for single, 77,200 for married filing jointly
+15% for 38,600-425,800 single, 77,200-479,000
+20% over 425,800 single and 479,000 married
+Short term capital gains are taxed as ordinary income rates, the tax bracket you fall under for your yearly income. I won't list each income range, but rates are 10-12-22-24-32-35-37%.
+
+The key difference to keep in mind is what falls under long term rates and short-term rates as well. 
+
+Long Term: qualified dividends, dividends from stocks held longer than one year. Holding a stock for greater than one year, then selling. Dividends from stock index funds and ETFs as well. 
+Short Term: interest income, bond interest, REIT dividends, Peer-to-Peer, CDs, high-yield savings, selling stocks/mutual funds/ETFs shorter than a year. 
+
+Majority of us have access to some type of 401K/403b/457 and a Roth IRA. That would give you 18,500 and 5,500 a year for tax-advantaged growth. Double that if you are married and max it out. After that point, you will have to put money in taxable accounts.
+
+Keep in mind, there are risks and downsides with strictly putting ALL your money in tax-advantaged accounts that nobody seems to discuss. The tax code can change in 30 years, your tax rate is concentrated at one point of your life rather than a smooth average, less flexibility with your money, high fees and poor options offer by your job's 401k, you may never get to enjoy it (death or extreme illness). 
+
+Having a taxable account with TAX-EFFICIENT investments is not a waste. Qualified dividends, individual stocks, and Municipal tax-free bonds are all great taxable investments. A rate of 15% is very fair and low compared to what people get paid as income to use their actual bodies and time. No FICA taxes either. Once you pay taxes, it's your money, and do not have to have the government telling you what to do. For every 1,000 you earn in dividends, you'd pay 150 dollars. Someone working as a laborer making 60,000 a year could pay as high as 15% in federal taxes. 
+
+Dividends have accounted for as low as 25% to as high as 60% of the TOTAL RETURN of the S&P 500, depending on which time frame you select to use. To all the religious "time in the market, beats timing the market" followers, this is the large reason why it matters, the compound effect of reinvesting dividends, not the price change of the index.
+
+A dividend is real money given back to the owners, you the shareholders, as you see fit. It's not a waste. If you bought a pizza business, you would want to enjoy some of profits rather than continuing to invent different kind of pizza dough. If you rented a home, you'd want to enjoy some of that monthly rent, not keep painting and upgrading the rental. So why wouldn't you want the same from companies you own?
+
+Not every company is Amazon, Facebook, and Netflix, where you have 50% year after year change in price. Many companies cap out on their rapid growth and mainly have to focus on a dividend growth strategy. The FANG stocks will at some point as well, only so many ways to reinvest their capital. Apple had so much cash and no other ways to rapidly grow, they had to give a dividend and buyback shares rather than keep hoarding from shareholders. 
+
+91% of Warren Buffets stocks are dividend paying stocks. His top holdings are all dividend paying stocks as well.
+
+TL;DR Taxes and dividends are not bad if you use a buy and hold strategy. 
+The person that Amber talks to says that she's visiting her bank to probably get a mortgage rate of about 0.5%.  
+Caused by investors buying bonds that return a negative yield.  
+
+
+Link to video: [https://www.bnnbloomberg.ca/video/what-life-is-like-in-a-negative-interest-rate-reality\~1751504](https://www.bnnbloomberg.ca/video/what-life-is-like-in-a-negative-interest-rate-reality~1751504)   
+(use a blocker to skip ads)
+
+If this even happens in Canada, house prices will go bananas and in the shortest amount of time in history, 95% of kids will be priced out of the market. So parents of 3 kids who owns a house in Toronto will boast about their house value, but 10-20 years later, reality will set in and they will find out that their family are poorer than now, because their 3 kids will be absolutely priced-out, paying rent to the rich and opportunistic investors, until they die.
+https://www.marketwatch.com/story/everybody-is-looking-at-inflation-through-the-wrong-lens-the-best-measure-shows-it-fell-to-the-feds-target-in-the-past-three-months-11665669475
+
+Text version:
+
+Inflation is slowing, but how much is it slowing?
+
+That’s the big question facing policy makers, investors and consumers.
+
+Unfortunately, the way we talk about the inflation numbers — released Thursday — can confuse as much as it can clarify. If we focus our attention on how much inflation we’ve already endured, we may miss clues about how much inflation we have yet to endure, which is the most important question.
+
+Instead of concentrating on the here and now, most reports put the year-on-year inflation rate in the headline.
+
+Not to pick on anyone, but here’s how The New York Times reported Thursday’s report on the consumer price index: “Consumer prices rose 8.2 percent in the year through September, in a report that dashes hopes that inflation in the U.S. may be slowing down.”
+
+That’s not wrong, but it’s seriously misleading. I’ll show you a more useful way to think about the numbers.
+
+Making sense of economic data is often a matter of finding the right context, which means the first thing you should do is ask yourself how you want to make use of the data. There are several correct ways of displaying the data, but some are better than others at answering specific questions.
+
+What’s inflation done over the longer run?
+For instance, if we want to know how much inflation we’ve already endured, it might be best to look at the year-on-year increase in the CPI. (The same logic in this column applies to the Fed’s preferred measure, the personal consumption expenditure price index.) We would compare current prices with prices a year earlier. This may be the most common way the CPI is reported in the media right now, because it puts the intensity and persistence of inflation into a perspective that readers can relate to.
+
+This method answers the question: How far have we come?
+
+In this case, we would find that consumer prices have risen 8.2% since September 2021. That’s very high inflation, but it’s lower than the 9% year-on-year increase recorded in June, which was a 40-year high.
+
+If we looked just at the year-on-year increase in the CPI, we might agree with the Federal Reserve’s assessment that there hasn’t been an “appreciable decline” in bringing inflation down to the 2% target.
+
+The year-on-year perspective is good for seeing how far we’ve come, but it’s not so good at predicting where inflation is going, because it’s essentially a backward-looking measure. It gives equal weight to inflation in September 2021 and inflation in September 2022. Yet the inflation rate from a year ago has little bearing on what the inflation rate will be going forward.
+
+The best predictor of this month’s inflation rate is last month’s inflation. The CPI is dominated by so-called sticky prices that don’t change very often. Inflation is pretty persistent from month to month.
+
+What’s inflation doing lately?
+So if we wanted to know how hot inflation has been running lately, we’d look at a shorter period of time, say, one month. The media frequently report the CPI this way, using the month-to-month percentage change rather than an annual rate.
+
+In this case, the data would say that the CPI rose 0.4% in September after a 0.1% increase in August.
+
+But using the monthly percentage change seems like a weird choice when we use annual rates for the year-on-year gain. It’s like talking about miles-per-hour and then switching to feet-per-second.
+
+That’s why many analysts prefer to convert the monthly change into an annual rate so that it’s comparable to the year-on-year inflation rate. The data say that the CPI rose at an annual rate of 4.7% in September versus the 17.1% pace in June, which was a 17-year high.
+
+The monthly data seem awfully noisy. So let’s find the underlying trend by taking a three-month average to smooth out the bumps. In this case, the data say that the CPI rose at a 2% annual rate from July through through September, down from 11% in June and 11.3% in March, which was a 41-year high.
+
+This perspective answers the question: What’s happening with inflation yesterday, today and tomorrow?
+
+If we look at the three-month smoothed annual rate, we might disagree with the Fed about how much progress they’ve made. Going from 11.3% in March when the Fed started raising interest rates to 2% now isn’t nothing. It looks like — dare we say it? — progress.
+
+The Fed has actually hit its 2% target over the past three months, but of course the Fed is concerned that inflation could accelerate from here, especially in the hugely important shelter category, where hot inflation for the next year or so is baked into the cake.
+
+What question do we want to answer?
+All these measures of CPI are correct; they just come from a different perspective. Which one should we pay attention to? The one that says no appreciable progress has been made, or the one that says some-but-not-enough progress has been made? If we have a bias toward which story we want to tell, the answer is obvious.
+
+But if we want an honest account, we’ll use the perspective that answers the question we are asking and let the chips fall where they may. (What you don’t do is start with the answer you want and then work backwards.)
+
+That’s why I think the best way to think about the inflation we’re seeing now — and which is likely to persist in the near future — is to look at the three-month smoothed, seasonally adjusted annual rate.
+
+That perspective is a lot more honest than the other way, and it’s a lot more hopeful, as well.
+Hi, 
+
+Long story short I got out of an abusive relationship after almost 10 years and needed to turn to credit to cover costs of moving, deposit and essential white goods. My income is good for my area but I've been managing on sick pay since September as I had a lot to recover from which ate up a good deal of my savings, I'm ready to get back to work now so my income should go back to normal.
+
+Debts 
+Tesco - £5000 (Interest free until Sep 2023)
+Home Essentials - £675 (64.9% apr)
+Capital One - £1500 (26.4% apr)
+Capital One - £400 (25.69% apr)
+
+Total; £7575
+
+I have £1450 available in a savings account which I could put towards debts now or keep for any other tight spots, it's a help to save account with the Government, you can only pay in £50 a month but they give you £25 for each month you do that, if I continue saving into it each month then in August 2024 I would get back the money I've put into it plus £600 bonus. 
+
+I can also get a loan for £6500 if needed, which would be at 38.88% apr, I would pay back £374.55 a month over 2 years.
+
+My monthly income after tax is around £1776 and bills are £1186. 
+
+If I took out the above loan that would leave me with £215.45 spare a month for discretionary spending / extra payments towards the loan, or if I don't take the loan I could put that £370 a month towards paying the cards but I'm not sure which order to pay them to save the most interest & clear them the fastest.
+
+I would appreciate any advice that can be given, I was never taught how to handle finances and my parents have always been in massive debt since I was born so I can't listen to their advice! I don't actually understand what APR is or how it works so I'm hoping to educate myself on how to do all of this.
+
+I consider myself to be sensible and have tried my best, I got my current job in January which is what enabled me to leave in the first place, before that I made much less but still always managed to pay all our bills without needing to go into debt. This situation isn't ideal but it was neccessary for my safety and wellbeing, even if it ended up being more costly than I anticipated.
+
+Thanks for reading!
+
+
+
+*** Update ***
+
+Thank you so much for everyone's advice, I have a much clearer understanding on what to do now. 
+
+I was able to get a 9 month interest free balance transfer card, I'm going to pay off the Home Essentials and smaller Capital One card this week. Use £600 from my savings to pay towards the bigger Capital One card then transfer the rest to the new card, I will pay £100 a month to that so it's finished before I start getting charged interest and any spare money I have each month (after allowing myself some discretionary spending) will go towards clearing the Tesco. 
+
+Realistically I can have all my debts down to just 1k on the Tesco card by September and I will also look into getting a different interest free balance transfer card around that time to see if I can avoid paying any interest on the remainder. This went from feeling impossible to being really doable within a year.
+https://www.bbc.co.uk/news/business-44851363
+
+Here is a story of a couple who overstretched themselves and are now in deep trouble. I’m shocked that anyone could take out a half a million pound loan without even a basic understanding of how it works and whether they can afford it. Yes the bank let them have it when they shouldn’t, but surely the ultimate responsibility falls with the person taking out the mortgage?
+
+The sad thing is I see it all around me...friends with mortgages at 100% of what the bank would lend them. Family members taking out £12,000 loans for cars one week after starting a self employed job with no security. 
+
+I believe that financial education in this country is woeful but ultimately people need to take responsibility for their decisions and actions and ensure they understand the nature of the product they are signing up to. 
+
+Sorry, bit of a rant but it does frustrate me!
+
+Am I being too harsh?
+I was looking for a credit card and came across the Dhani Super Saver card which offers 5% cashback on all card transactions both online and offline as well as discounts on prescription drugs which are a good part of my spend nowadays. It looks like a really good deal but I haven't heard of Dhani before. So, if anyone here has used this product, please share your experience with it. Is it legit and what's the customer service like?
+I get to see all of the equations in my spreadsheets that aren't robust enough to handle a correction, like the one that now assumes I can't retire until I'm 179.
+A funny thing happened on Thursday, where there was supposed to be a T+21, and it didn't happen—shills were out in full force to convince everyone to sell. One particular shill decided to reach out to me over Chat, and wasn't very good at their job. I played along to extract the blueprint of how they work, and the arguments they use. The most surprising part was their tenacity. No matter how many ad hominins I threw at them, they seemed determined to want to "enlighten" me to sell. See the attached screen shots for the entertainment!
+
+**TL;DR**
+
+1. The shorts are getting desperate if they are hiring people with such low mental capabilities to try to convince diamond hands to sell. It's like they put an ad out for all Nigerian scammers, to dupe apes out of their shares (the time zone is about right)
+2. Shorts are immensely scared of apes not selling
+3. HODL
+
+Here are some of their tactics:
+
+* Begin with a "friendly" yet very awkward, non-native English intro to make you think that they are an ape
+* Try to tell you that all of the DD is wrong
+* Ignore basic mathematical and financial concepts and questions
+* Ask you for a screen shot when you sell, saying that it is for a "survey"
+* Want to help you and the world sell GME (who has time to do this, unless they are getting paid?)
+* Tell you that the end is near, you should sell now
+* Try to tell you that nothing else will make the stock go up at this point, because the squeeze already happened (yes, that's why GME spiked twice to $350 since then)
+* Downvote button. Much like the *Knights of New*, there seems to be a dark group that I will call the *Scoundrels of Slovenly*. These decrepit beings downvote new postings and comments by apes, so that they never make it to the top of the list. I have seen good comments get downvoted as I refreshed, as well as my *Possible DD* about the AMC and crypto correlation, when I first posted
+
+Here are some of their arguments:
+
+* T+21 has been proven false  
+Counterargument: Only once out of the last six months. Besides, who cares about dates?
+* GME is plummeting  
+Counterargument: Plummeted from $4 to $210?
+* GME has been plummeting since weeks ago  
+Counterargument: My cost basis is $17 (in since December 2020!)
+* I am going to sell, you should, too  
+Counterargument: Super laughable, not sure how to reply to this one
+* GME is on the way down  
+Counterargument: How come it can't seem to go below $200 and there are multiple technical indicators that show support (see: [https://www.reddit.com/r/Superstonk/comments/o7u6z4/technical\_analysis\_is\_bullish\_on\_gme\_chartswere/](https://www.reddit.com/r/Superstonk/comments/o7u6z4/technical_analysis_is_bullish_on_gme_chartswere/))
+* Don't be a bagholder on a company not close to $200 based on fundamentals  
+Counterargument: GME is worth more than $200/share based on all fundamentals
+* You are a cultist  
+Counterargument: I use technical analysis based on mathematical derivations. You use...?
+* Mother of All Plummets  
+Counterargument: This one was pretty creative, I'll give them that
+* The board make a killing with the stock selling  
+Counterargument: Board made nothing, otherwise, it would have to be reported in SEC filings. Company, however, just raised $2B of capital in a stock offering where 8.5M shares were sold, and with a reported 55.8M float, increased the float by 15%, the stock price still ended *up*! Extremely bullish
+* There is no next catalyst  
+Counterargument: T+21 wasn't even a thing a few weeks ago, yet we see massive price action. Also, long term holders don't need a catalyst, only losers are counting on a catalyst (looking at you, Dr. Sunshine <[https://www.reddit.com/r/Superstonk/comments/o78go0/t21\_spike\_didnt\_happen\_but\_we\_are\_still\_winning/h2zi9v8/](https://www.reddit.com/r/Superstonk/comments/o78go0/t21_spike_didnt_happen_but_we_are_still_winning/h2zi9v8/)\>
+* Board is slower than the SEC  
+Counterargument: How so?
+* Board will do nothing about the short squeeze  
+Counterargument: Not their job to save the shorts
+* You will pay a more tax if it climbs  
+Counterargument: This guy is a complete idiot. Of course I want to pay more tax, that means I made more money!
+* You never know when GME is going to plummet  
+Counterargument: Correct, I don't know what shorts are going to do with the price action, but you also don't know if you'll get hit by a car every day you get out of bed
+
+​
+
+In conclusion, I have learned to not promote specific dates, as Reddit is public. Shills can see everything that is put out here, and will devise strategies to demoralize us. However, it is still far better to share our information in public than to hide them, because when we democratize our ideas though peer review, we come up with the best of the best and grow our tribal knowledge.
+
+​
+
+https://preview.redd.it/wmzpw4jjew771.jpg?width=1242&format=pjpg&auto=webp&s=f7e0dcd7b9de1c4e7e37926decc9c014fc20efa5
+
+​
+
+https://preview.redd.it/qbdwinhlew771.jpg?width=1242&format=pjpg&auto=webp&s=9ff3083a8b513a75901529263a8dba4bda9b80a0
+
+​
+
+https://preview.redd.it/om0kesemew771.jpg?width=1242&format=pjpg&auto=webp&s=0407cae74927ee754689dca59e30f2d835250394
+
+​
+
+https://preview.redd.it/dadhhc5new771.jpg?width=1242&format=pjpg&auto=webp&s=a1c90b282ffa91cbab41ec8c368738eb728f9556
+
+​
+
+https://preview.redd.it/ifk4d2hnew771.jpg?width=1242&format=pjpg&auto=webp&s=690c3db8367634f5468debe439fc9094e8b2d58c
+
+​
+
+https://preview.redd.it/gm902utnew771.jpg?width=1242&format=pjpg&auto=webp&s=cbc4c0211c843af62145ea887219be6ebb60bb5f
+
+​
+This has been fun and games, but the nature of this sub has slowly morphed over the months. From hard hitting DD and a fixation on triggering the MOASS, to memes and spamming RC tweets. 
+
+I come to you only as a voice of reminder, for I am a dumb ape who drives a bus for a living. DRS is the way. But we need to focus. The hedgies have far more resources, and influence, but they are in survival mode. We are on the brink of change. True change. No politician, nor governing body will come to aid. It’s up to you, and me.
+
+I must admit, I’ve stopped buying shares. I thought this was in the bag, and the MOASS just around the corner. I bought LRC with the money that should have been going to GME. This is war, and the only side acting like it are the hedge cucks.
+
+We’re on a year now since DFV started this; but we need to finish this fight. I’m tired of stressing over this, I’m tired of seeing just meme after meme after meme. We’ve become an echo chamber. “This is the way” “MOASS is tomorrow” etc. 
+
+RC has our backs, but do we have his? We’ve been joking around and farting about, but the hedgies been putting their nose to the grindstone. And I’m worried they might win. 
+
+Tomorrow is my monthly pay day, and I’m going to do my bills, account for food and diapers, and every other available cent is going to ComputerShare. I’m done fucking around, are you? This has been all fun and games. But I’m out for blood, remember 2008? Where one of the greatest financial crimes happened? Where no one went to jail? Where we the tax payers flipped the bill? Or how about Ken G lying under oath and never being touched?
+
+I’m asking you to remember the reason beyond tendies, I’m asking you to go to war, I’m asking you to get angry. They will fuck us, **but only if we let them**.
+
+Edit: thanks apes for the awards and updoots. This was more of a vent than anything, but I’m hoping to remind others like me this fight isn’t over.
+Excuse the clickbait titles, but i think it’s good to consider the alternatives to finding the next 100 bagger to make it rich.
+
+
+The power of compounding interest.
+
+
+
+at 7.5% growth it takes under 10 cycles to double your money. If those cycles are days you have 5 trading days a week which gives us two weeks to double your money if you can consistently hit 7.5% a day. Now if you started with 1000 dollars and did this consistently guess how many weeks to get $1M.... 20 weeks. It’s okay to take profit when you get it, do it consistently and limit your losses and you will make money.  
+
+
+If you aim for 15% gains and limit losses to 7.5% if you are 50-50 on your trades you will consistently make money and move toward your goal.
+
+
+
+Something for everyone to consider as we are seeing stocks go crazy all around, slowy and steady can win the race and sooner than you might think.  Figure out a strategy and stick with it. Good luck everyone!
+
+
+EDIT: Just to be clear I know that sort of consistency is near impossible DONT think you can make 7.5% gains a day it’s not real sound strategy. The principles behind it are important especially for a lot of the new traders who have been lured in by mega gains.
+
+
+10% a month, every 7.27 months you double. do that 10 times and you’ve made it. A million in 7 years. More than many have in a lifetime, keep things in perspective
+If like me you noticed this crypto [“Bitconnect”](https://coinmarketcap.com/currencies/bitconnect/) rapidly rising through the ranks into the top 10 and wondered “WTF”
+
+
+Fear no more, or start to fear because a chain of events has been set in motion and it can’t be stopped.
+
+ 
+
+#What is Bitconnects business model?
+
+ 
+
+1. Deposit Bitcoin to their site
+2. Purchase Bitconnect Tokens (BCC) from their exchange (95% of all volume is transacted through here)
+3. Choose your method to earn “Interest”
+
+ a. [Lending]( https://bitconnect.co/bitcoin-information/19/investing-in-bitconnect-lending), you can loan your BCC back to Bitconnect, they will pay you interests of 0.89% daily plus a variable amount based on the amount invested. (These funds are locked for a period between 120 to 300 days.
+
+ b. Trading: You can use their exchange to make a profit
+
+ c. Staking: Don’t really know how this operates as there is not even a blockchain to base it on.
+4. Refer your friends/enemies as you are going to lose them a lot of money.
+
+ a. They offer you a referral fee based on what your referee loans to Bitconnect.
+
+Bitconnect claim that they can take the loaned funds and make the base interest rate plus the investment premium, each day trading the [volatility]( https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-software/) of Bitcoin. I would call this into question as any trader knows not every trade works out and some days you will have losses. This doesn’t reflect in their interest rate schedule which shows them never making a loss on a days trading.
+
+ 
+
+ 
+
+#Copycats Abound
+
+ 
+
+ 
+
+Due to the success of Bitconnect which is now sitting at over USD 1.6 Billion in market cap, a number of copy cat sites have appeared.
+
++ Regal Coin
++ First Coin
++ Ethconnect
++ Bitserial
+
+All of these have carbon copy sites of Bitconnect, hastily thrown together, replete with spelling mistakes and poorly thought out concepts.
+
+ 
+
+ 
+
+#Bitconnect has begun advertising
+
+ 
+
+ 
+
+If you visit coinmarketcap, chances are you will see Bitconnects banner ad gracing the top of your screen if you have ad blocker turned off.  This is a signal to me that the business is becoming unsustainable.  Why would you need to advertise an already successful project which has been active for over a year?
+
+ 
+
+ 
+
+Investing in one of these Ponzi Schemes is the equivalent of raw dogging a random in a nightclub bathroom stall. Your pull out game better be strong.
+Hey all, I am 19 and just landed a good permanent job paying 28k p/annum.
+I will be getting my first car this July, and have almost no expenses. 
+The problem is my work commute is 45 miles a day. 
+I'd like a car that feels good on the highway, thus something a little bit more expensive.
+I am confident in my driving skill.
+Terrible idea? The car I would get is most likely a mazda3 with a sky active engine
+
+Another thing: i will be living with parents for at least another 5 years as my uni is in my city thus I have no need to move out.
+
+EDIT - I HAVE DECIDED TO NOT FINANCE. I WILL JUST PAY UPFRONT UP TO 2K. THANK YOU EVERYONE
+Article: https://www.washingtonpost.com/opinions/we-need-a-major-redesign-of-life/2019/11/29/a63daab2-1086-11ea-9cd7-a1becbc82f5e_story.html
+
+Short and interesting read on a Stanford psychologist's opinion on how work culture needs to change. She suggests that our extant life patterns -- go to school until 22, work and retire at 65 -- don't fit elongating life-spans. It's a short piece and just a jumping-off point. But the gist is that the following need to become more common, lest we save our best non-working years for when we're too old to take advantage: mini-retirements, working earlier and getting advanced degrees later, and sharing generational wealth long before death.
+
+Interested in thoughts of others on r/financialindependence because the article's suggestion of earlier mini-retirements runs counter (_I believe_) to the sub's over-arching objective of retiring early and entirely. Any thoughts on whether a higher chance at a 100-year life span affects retirement planning (sooner, repeated, etc)?
+
+_Consequences of life extension_
+
+> ... most people are anxious about the prospect of living for a century. Asked about aspirations for living to 100, typical responses are “I hope I don’t outlive my money” or “I hope I don’t get dementia.” If we do not begin to envision what satisfying, engaged and meaningful century-long lives can look like, we will certainly fail to build worlds that can take us there.
+
+_Earlier and more varied work experience_
+
+>To thrive in an age of rapid knowledge transfer, children not only need reading, math and computer literacy, but they also need to learn to think creatively and not hold on to “facts” too tightly. They’ll need to find joy in unlearning and relearning. Teens could take breaks from high school and take internships in workplaces that intrigue them. Education wouldn’t end in youth but rather be ever-present and take many forms outside of classrooms, from micro-degrees to traveling the world.
+
+_Earlier sharing of generational wealth_
+
+> Financing longevity requires major rethinking. Rather than saving ever-larger pots of money for the end of life, we could pool risks in new ways. Generations may share wealth earlier than traditional bequests; we can start savings accounts at birth and allow young adults to work earlier so that compound interest can work in their favor.
+
+The article again: https://www.washingtonpost.com/opinions/we-need-a-major-redesign-of-life/2019/11/29/a63daab2-1086-11ea-9cd7-a1becbc82f5e_story.html
+
+*Edit 1: for grammar
+
+*Edit 2: lots of interesting data/trivia on [Stanford's Center on Longevity site](http://longevity.stanford.edu/#financially-secure). For example, [trendlines in the age retirees and length of retirement](http://longevity.stanford.edu/wp-content/uploads/2012/09/Screen-shot-2012-09-26-at-3.19.17-PM.png) given increasing life expectancies.
+
+*Edit 3: This post is now marked as a spoiler, idk what I did. Spoiler might be: you're probably gonna live a _couple_ years longer in retirement and then die.
+
+*Edit 4: Removed the quote below from top, because multiple users pointed out that the author is conflating improvements in life expectancy for _average_ human versus those approaching retirement. Life expectancy for men at 65 (Edit 2) increased by at least 7 years but probably not 30:
+
+> Thirty years were added to average life expectancy in the 20th century, and rather than imagine the scores of ways we could use these years to improve quality of life, we tacked them all on at the end. Only old age got longer.
+https://www.cnbc.com/2022/06/02/tiger-global-drops-14percent-in-may-during-the-tech-sell-off-pushing-hedge-funds-2022-losses-to-over-50percent.html
+
+Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. In the first quarter, Tiger Global doubled down on a number of tech holdings, including Snowflake, Carvana and Sea, before the market decline got uglier, according to a regulatory filing. Carvana has plummeted 77% in the second quarter so far, while Snowflake is down 44% and Sea is off by more than 30% this quarter.
+
+The tech sector, especially unprofitable firms and richly valued software names, has taken a beating lately in the face of rising rates. Those sharp declines in tech have pushed the Nasdaq Composite down more than 23% year to date and off 26% from its all-time high. Coleman is one of the so-called Tiger Cubs, protegees of legendary hedge fund pioneer Julian Robertson. He had managed to produce double-digit annualized returns through 2020 by taking advantage of the explosive growth in technology. This year’s brutal sell-off has inflicted huge pain on some hedge funds. Melvin Capital Management, the hedge fund burned by the GameStop mania, said last month it will unwind its funds and return cash to investors as losses accelerated.
+My mother is going to prison for 8 years as of this morning. I (22) have a 14 year old sister that lived with her who has no one to turn to but me. I have no family for support, and she only has a father who wants nothing to do with her. I currently live three hours away in a college town with a job as a server. There's zero chance of my income supporting both of us. I'm currently in the process of picking up a job with slightly better income, but it's a far-cry from being able to support us both. Ideally, I would like to take custody of my sister, obtain child support from her father, and ensure that she lives a normal life for the next four years. I just don't know where to start. I'm not looking for charity or pity. I'm just in need of solid advice. I"ll update this post with any info needed. 
+
+edit: The custody portion of this should be taken care of on /r/legaladvice. Sorry about that. The financial advice is still needed. Thanks again everyone. 
+
+edit 2: My sister is in a stable situation right now until a more permanent solution is reached. I have literally read every single reply in this thread (as of 2:45AM CT) and sifted through every single link provided. I would reply to every one of them like I want to, but I'm completely exhausted. I'll be using all the information provided to me through the community to build a solid future for my little family (sister and dog). I still won't be accepting any donations because I'm confident I'll be able to provide for my sister using the info here. It's not a matter of pride, I wouldn't risk her future on such a silly notion. I will be using provided services and job hunting to immediately increase my income as much as possible. My sister and I have experienced much worse than this so everything is relative. Life continues and you learn to appreciate the smaller things. I don't have a way to convey the way I feel after reading the responses here. It's like a Snuggie for the soul.
+
+TL;DR: Things will be fine. I love you people. 
+I'm about to finance my first car, but don't really have proof of income because I've only been a dancer for a few months. I also have no credit or cosigner. 
+The car I am looking at is $3200 and I have $2100 to put down(62.5%) not including my trade in for my current car(around $300)
+Is it likely that I will be able to be financed for the remaining $900-$1000? 
+I live at home right now, which allows me to save some money and put it towards investing for the future. I am very new to investing and I am wondering if there are any resources for learning how to invest or best places to put the money that I have saved. Thank you!
+I recently found out that what I thought to be a Trust account, is actually a UGMA account that I have full control over. There's currently $85,000 in a managed account, of which $75,000 is invested in various stocks. 
+
+I'm wondering whether I should leave it where it's at, already invested, or to withdraw $19,000 in 2021 to put into my wife and my IRA's and shared HSA. We've already hit the max for contributions to these accounts this year, but we're planning on another baby for next year, so we would likely not hit our maximum contributions due to baby expenses. It's a series of trade offs and I'm not sure which is best.
+I just turned 23 and decided that I should get a credit card. I applied for the Citi Double Cashback card bc a few of my friends have it and it was highly recommended. I got denied- probably because I have no credit history. Afterwards I checked my credit score and it’s ~680. (I have $55k in student loans, first payment is due at the end of the month). I don’t know what to do next. Is it a bad idea to apply for a different card? If anyone has advice for me I’d be so grateful! :)
+Recently I commented on someone else's post about my advice on them paying off a vehicle and this argument came to light. The upvoted comment was for running a vehicle to the ground and my comment was downvoted so can someone explain how it's better to drive a vehicle into the dirt versus driving it until its just almost lost value and then trading it in. Thanks!
+https://youtu.be/i8tSXTqJVxQ?t=2711
+
+As explained in the video, the difficulty to mine ETH will get harder, which will lead into less sell offs by miners to pay their bills.
+
+This should bump the price a bit !
+https://youtu.be/i8tSXTqJVxQ?t=2711
+
+As explained in the video, the difficulty to mine ETH will get harder, which will lead into less sell offs by miners to pay their bills.
+
+This should bump the price a bit !
+I understand we're tired of these posts, but please listen. If a 51% attack occurs, all trust in Bitcoin could be lost forever.
+
+If 50% of hashing power is obtained, the controller of that power can double spend, even after multiple confirmations. If Ghash.IO reaches 50%, and someone hacks them or the operator decides to abuse it, Bitcoin could actually die. Thousands of coins could be sent to an exchange and double spent, resulting in false coins being sold or swapped out for different legitimate coins, and exchanges going bankrupt(causing a similar situation to MtGox, except it wouldn't be the exchanges' fault).
+
+With exchanges failing due to double spends, payment processors such as Bitpay and Coinbase would also fail. Without these, no merchant could accept Bitcoin reliably.
+
+If such an attack occurred, all merchants would lose trust in the protocol. There's already enough controversy behind Bitcoin, but the technology itself failing is enough for trust in Bitcoin to forever be destroyed. Even if everyone moved their hashing power AFTER the attack, the damage would be far too much for any major merchant to even consider trusting it again.
+
+
+Miners, I understand you may consider Ghash.IO to be the most profitable, or the most convenient, etc, but the integrity of Bitcoin is at stake. If Bitcoin fails, your ASICs lose their value, and your profits decline far more. I hope the value and integrity of Bitcoin is more important than the slight convenience or lower fees you may get at GHash.IO.
+
+Thanks.
+
+Here's why this "Pizza Inversion" happens exactly at 62500 USD per bitcoin:
+
+On 22 May 2010 Laszlo Hanyecz from Jacksonville, Florida, settled the purchase of 2 pizzas for 10,000 BTC on bitcointalk.org [1],[3]. The value of these 2 pizzas together was 25 USD [4] (and not 41 USD by the way, as often erroneously reported in various sources on the internet with reference to [2]. But what is relevant for the legendary pizza purchase is only the real-world value of these two pizzas and not the BTC exchange rate four days earlier on an unrelated BTC exchange).
+
+**On 22 May 2010:**     
+10000 BTC = 2 pizzas (each pizza having a market value of 12.50 USD)     
+--> 10000 BTC = 25 USD     
+--> 1 BTC = 0.0025 USD = 1/4 cent
+
+**On Pizza Inversion Day (13 April 2021):**     
+10000 pizzas = 2 BTC (each pizza having a market value of 12.50 USD)     
+--> 125000 USD = 2 BTC     
+--> 62500 USD = 1 BTC
+
+**Fun facts:**     
+
+- Bitcoin's increase in value from 1/4 cent to 62500 USD corresponds to an ***increase by a factor of 25 Million***, or an increase of +2,499,999,900 %, i.e. ***2.4999999 Billion percent***, or ca. +370 % p.a. on average within this ca. 11 year period.
+
+- Today, the 10,000 BTC are worth 625 Million USD.
+
+- For number mystics: The time between Pizza Day (22 May 2010) and Pizza Inversion Day (13 Apr 2021) is exactly 3826 days. This is 2 times 1913. In the year 1913 the [FED was founded](https://en.wikipedia.org/wiki/Federal_Reserve_Act).
+
+-----
+
+References:    
+[1] https://bitcointalk.org/index.php?topic=137.0    
+    18 May 2010, Laszlo starts the thread "Pizza for bitcoins?" and offers 10,000 bitcoins for 2 pizzas.    
+[2] https://bitcointalk.org/index.php?topic=137.msg1146#msg1146    
+    18 May 2010, ender_x writes: "10,000... Thats quite a bit.. you could sell those on https://www.bitcoinmarket.com/ for $41USD right now.."    
+[3] https://bitcointalk.org/index.php?topic=137.msg1195#msg1195    
+    22 May 2010, Laszlo writes: "I just want to report that I successfully traded 10,000 bitcoins for pizza." (plus link to photos of the two pizzas)    
+[4] https://bitcointalk.org/index.php?topic=137.msg1526#msg1526    
+    18 June 2010, Laszlo: "I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty) [...] The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total" --> with "2 of these pizzas" he clearly referred to the pizzas he purchased 4 weeks earlier, on 22 May 2010
+I'm new to trading this year and started a new job that pays well, i wanted to start investing some of my income but  want to play it safe and get good ETFs that will grow. I bought a few ICLN as im a big supporter for green energy, and am interested in ARKK but want to know more other ones that are safe and also pay out a decent dividend with a low MER?
+
+Also if anyone know of any books about investing in canada that would be awesome too.
+
+Thanks
+I was playing with some ideas of portfolios on portfolio visualizer and I came across something weird.
+
+Since XEQT has a limited history, I use a combination of VUN, VEE, XIC, XEF rebalanced quarterly and at the same weights that iShares holds them at (45, 5, 25, 25). I then compared this XEQT replacement to XGRO and to a portfolio of XEQT 80% and ZAG 20%.
+
+I found that XGRO has severely underperformed both XEQT and also the sample 80-20 portfolio.
+
+Does anyone have any clue why? Also, has anyone realized the same and moved to managing their own bond holdings rather than using the all in one ETF?
+
+[Comparison](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=100&inflationAdjusted=false&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=XIC.TO&allocation1_1=25&allocation1_2=20&allocation1_3=0&symbol2=VUN.TO&allocation2_1=45&allocation2_2=36&allocation2_3=0&symbol3=VEE.TO&allocation3_1=5&allocation3_2=4&allocation3_3=0&symbol4=XEF.TO&allocation4_1=25&allocation4_2=20&allocation4_3=0&symbol5=XGRO.TO&allocation5_2=0&allocation5_3=100&symbol6=ZAG.TO&allocation6_2=20&allocation6_3=0)
+Hi Everyone,
+
+In our quest to expand the amount of content on the /r/economics wiki, we'll be adding collections of official working papers. 
+
+A number of universities, think tanks, central banks, government agencies, and international organizations publish large amounts of high-quality applied research, which are often able to point to both long-established and recently-discovered economic concepts in action. We thought that this would make an excellent research resource for all interested parties. 
+
+When I mentioned this to the other mods, the idea surfaced that we should be soliciting ideas for working paper resources, so as to get a large, robust, and relatively impartial list. I'll get the idea started by adding 
+
+* OECD's working paper page
+
+http://www.oecd.org/about/publishing/oecd-working-papers-series.htm
+
+* IMF's working paper page
+
+http://www.imf.org/external/pubs/cat/wp1_sp.aspx
+
+* ECB's working paper page
+
+http://www.ecb.europa.eu/pub/scientific/wps/date/html/wpsall.en.html
+Yes they're related fields, but recently it seems as though a lot of submissions are blurring the line in a way that seems wrong to me.
+
+Edit: Just to clarify, I'm talking things that I acknowledge *could* be considered relevant to Economics, but in practice are simply partisan bickering. An example is yesterday when it was submitted that Bush inherited a surplus. That's not particularly relevant to Economics by itself and the submission really would have been more appropriate in politics. The submission today about the alleged dead labor unionists doesn't really seem to fit either.
+The cats out of the bag. Putting it back in seems damn near impossible. It’s a giant fucking mess now, and given the “too big to fail” theory presented in another post, it feels like the DTC figured that they’d create such a mess that it couldn’t be reversed and corrected. 
+
+I can’t imagine the DTC would be bold enough…stupid enough…fucking criminal enough to perpetrate this level of international fraud AGAIN. 
+
+We have plenty of room for another splivy. Anyone know if there’s a time limit on when the next one could be?
+
+Edit: for you sensitive apes out there, I’ve never seen this posted or suggested by anyone else or I wouldn’t have wasted the thumb power typing this shit out. 
+
+I’m also not a fucking shill. I didn’t take the hostile takeover protection into account, but that makes total sense. Just because someone overlook a strategic possibility, doesn’t make it FUD or make them (me) a shill. 
+
+I asked a question and flaired it as such. Get your diapers out of a wad and chill out. ✌🏼
+
+
+    "label":"dBUjuiYuikj1eR1khEIsJ",
+    "bolt11":"lnbc10p1pdvk028pp56r3666nxtrnwswf07fm3kttllpfluh4qdy3hyseu27aya66l33nsdquf35kw6r5de5kueeq235hqgzzdauqcqpgw0ngkaevgerr2t73u7nlz6typvmtxxs3ek3gxw27s9gvxnp46kc4xqqtpgxts5m2sucxu56fppz6gyj8hm0cav9gnj9x5pm3y4y8h4gpsf7c40",
+    "payment_hash":"d0e3ad6a6658e6e8392ff2771b2d7ff853fe5ea0692372433c57ba4eeb5f8c67",
+    "msatoshi":1,
+    "status":"paid",
+    "pay_index":6,
+    "msatoshi_received":1,
+    "paid_timestamp":1523268966,
+    "paid_at":1523268966,
+    "expiry_time":1523272535,
+    "expires_at":1523272535
+
+
+
+this is the future boys !
+There has been many discussions about minimum wage here, and it's overall impact won't be solved anytime soon. I am curious about this specific aspect.
+
+As I understand it, the only reason a business would hire someone or create a position is because there is a need for that position. So if a company makes and sells 100 widgets a day, and has two employees who each can make about 50 widgets a day, they will not hire a 3rd employee unless is starts selling closer to 150 widgets a day, no matter how high profits go because it would be unnecessary. On the other side, they aren't going to get rid of that second widget maker because they need him to keep up with demand.
+
+So, even though it will cut into profits, they shouldn't eliminate positions because it'll mean stopping meeting demands.
+
+Does this make sense? What concepts do I have wrong here?
+QLC Chain is to resolve the data trust and security problem in the communication industry, it provides network automation of billing/reconciliation/settlement/payment/custody to telecom operators utilising blockchain technology. 
+
+QLC Chain offers telecom operators with inter-carrier connection and financial consultancy services as well. 
+
+From the ledger structure perspective: QLC Chain supports each account to have its own chain of ledger integrated with telecom service capabilities, named the multi-dimensional block-lattice structured ledger. 
+
+From an adoption scenario perspective: QLC Chain’s mission is to create a secure and trusted environment for communication services and to narrow down the digital divide by leveraging Distributed Ledger Technology, enabling everyone to operate and benefit from network services. 
+
+Since few months companies like "China Telecom", "PCCWG", "HCG" or "DC Connect" are doing a POC (Proof of Concept) and are now production-ready, which means that in Q1 2021 first 10+ Telecommunication Provider will go live. 
+
+“MEF attaches a great deal of importance to introducing the standards for the use of DLT for billing and settlement into the digital service provider market which is led by many of our 120+ service provider members. MEF is very happy to have QLC Chain playing a central and invaluable role as a MEF member by bringing DLT expertise and telecom use cases into the MEF membership and specifically to this new standards project.” 
+
+MEF is an industry forum leading the development of a global federation of network, cloud, and technology providers. QLC Chain is developing for MEF standard APi's which are needed for billing, reconciliation, settlement, payment, custody. Member are as example AT&T, China Telecom, China Unicom, Cisco, Ericsson, Microsoft Azure, Orange, Oracle, T-Mobile, Telefonica, Vodafone and many more. 
+
+What comes next? 
+
+QLC Chain will be a real game-changer when LSO Sonata APIs are adopted to a substantial degree across the service provider community. 
+
+In the short term, the benefits to the customers include faster turnaround of quotes, online placement of orders, and faster service delivery. 
+
+An own DEX will be ready too in Q1 2021! 
+The DEX will be for Telecom Operators and the Billing platform but also for publicly. 
+The support for QLC ERC20, USDT, Stable Coins and some other pairs will be available. 
+The DEX is really important, because the telecommunication provider need this platform as example for billing and many more services. 
+
+At the moment a lot of informations are still under NDA and that's the reason, why there isn't much marketing in public sector. Soon after go live with all the products the price will explode, because the Telecommunication Provider have to install an own QLC Chain Node to support and use the blockchain. 
+This will reduce the supply of available QLC tokens. At least 1 million QLC tokens are required for 1 node and with 120+ telecom providers it will significantly reduce the offer. 
+
+Website: https://qlcchain.org 
+
+Last year in summer QLC Chain was recognized as a leading startup in the telecommunications sector. 
+
+https://www.startus-insights.com/innovators-guide/5-top-blockchain-startups-impacting-the-telecom-sector/ 
+
+A really interesting article about QLC was published in December 2020 on the MEF website about the technology and what will come next. 
+
+https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/ 
+
+The preferred platforms to buy QLC are Binance and Bittrex. Soon QLC (Q1 2021) will be implemented in Uniswap with the QLC ERC20 Token. 
+
+A lot of more information you can find on following sources: 
+
+Twitter: https://www.twitter.com/qlcchain 
+
+Telegram Official Channel: https://t.me/OfficialQLCChain 
+
+Telegram Community Channel: https://t.me/qlc_traders_unofficial
+
+
+This information is not a financially advise.
+I want to share this for anyone who is interested in the cultural and social background from the perspective of a native citizen form El Salvador about the Bitcoin City announcement. 
+
+My hometown is in a close city from the place where Bitcoin City is going to be built, which is called La Union, and my father works exactly there. I currently live in the capital city San Salvador and had to move here six years ago due to work.   
+
+
+**The concentration of development in San Salvador, the rest of the country in oblivion**
+
+Well, you'll see, El Salvador is a very small country in territory but all the development is concentrated only and **only** in the capital city San Salvador and all the rest of the country has been abandoned basically since the country's foundation. That is one reason for my anger towards the old politicians and previous generations who did merely **nothing** to distribute richness and development equally along in the country and they forgot completely about all the other cities. As a result, logically all the young people has been migrating year after year to San Salvador, including me, who had to say good bye to our families and hometowns in order to get a better job to survive. And the thing is that those previous politicians forgot about the countryside and all the rest of the country due to corruption issues and lack of vision and lack of perspective. They weren't that smart, they weren't that savvy about the modern world, and this is an issue that still persists in our neighbor countries like Guatemala and Honduras. 
+
+  
+So for us, having development in an area that is not the capital city is a big, or a huge improvement. As I said when I started, this country is really small in territory, you can cross it entirely in just six ours! And it would be even less if our transportation system gets improved. In my hometown we have cultural differences in holidays, food, traditions, and beliefs, this is a very rich country when it's about culture, in fact, among the citizens, it feels like we have two countries inside: the west and the east. In the West we have San Miguel (my homecity) and La Union, which is known for being close to the sea. La Union is known for being really hot, tropical place, you have warm wind during summer and is perfect for going to the beach, which is like 15 minutes far. 
+
+​
+
+**We live in a bubble.**
+
+When it's about the contact with foreigners, it is very uncommon thing for the average Salvadorian. Salvadorans usually see foreign people like people who do not like to visit us because we think ourselves that our country is so bad that no one wants to visit, and even less to live here. And many times we tend to question visitors about why they visit us if they could be "better" in their countries. It has happened many times. I've met people from all around the globe here, from China, Taiwan, Japan, Germany, France, Colombia, the US, Russia, Egypt, Mexico, Sweden, etc. Some of them have years living here that they got to become residents and all of them have told me that at some point they get asked "what are you doing here?" meaning "you could get back to live better in Sweden (or any country where you lived before)", but they also tell me that Salvadorans are highly friendly with them, gain confidence and trust really fast, they are warm and welcoming and overall very human. Salvadorans help you if you're in problem, even if they don't know who you are, they talk to you and try to make friends very fast, so once you get into their circle they'll teach you everything you need to know.
+
+But there is something else that I want to mention. This is nothing new in the world tho, we also have it. Many foreigners here in El Salvador live in separated areas, it is not seen like that but yeah, in fact, there are residential building where no regular Salvadorans have access (just th eeople who work in cleaning and maintenance stuff). Those foreigners may have another version of El Salvador, another very different where they don't get much contact with locals, and have no touch of how is our culture and our average day to day reality. These residential areas have been accommodated to provide all their needs and there is no need for them to go out. In the present days still more of there residential areas are being built, there is even one huge building in  La Escalon, in Sal Salvador, which is an area known for being built for rich people to live in. But in the recent years this rich people have been moving to another area called Santa Elena, and the La Escalon is being left for regular people little by little. If Bitcoin City is going to be like this, it's ok I think, because we already have areas like that, but as a Salvadoran, my wish is to have development in the whole country and not only for a little bunch of people like it was in the past. And we already know about that. Fortunately we've seen it's not going to be the case.   
+
+
+**Gangs. Buses and transport.** 
+
+There used to be gangs at my city when I lived there. I was robbed in a bus six times, they robbed me my phone and money. And around my house around two people a year used to be murdered. I saw death people and blood. As a local, they do nothing to you because they know you. Gangsters are the same people who used to be our friends in school, but one day they joined the gang because they had no money, no job, no opportunities and weren't able to leave the country (remember when I told you in the beginning that the whole country was forgotten with no development and nothing else than misery). They manage to survive, unfortunately in the wrong way. I remember the day I decided I ws going to fight for my life, but not in that way! I decided to never enter a gang, I decided that I was going to be different. So how have we reduced gang activity in the last two years? 1. the government is giving opportunities to young people (I myself was in a help program, learning how to put my own business). 2. The government cut the economic help that previous corrupt governments gave to them. 3. The police force was heavily increased and supported them with new equipment and improved salaries 
+
+Also, young people now have different facilities where they can learn about technology, or another areas like making food, learn languages, and leverage other skills. Nowadays there are no murders in my home city and fortunately we don't have to think much about that. 
+
+About transportation, it has been a huge, huge issue all our life. Basically the owners of the transportation system are also a corrupt group who have the monopoly of transportation and have a horrible transportation system. That is the reason why the best way to go to another side of the city is to have a car. The current government has announced to be working in extreme measures to eradicate this problem. The main transport medium for the average Salvadoran is bus and if you live here and go downtown on a Monday at 5PM you'll be able to see the busses extremely filled with people like sardines in a can (which reminds me the Japanese metro system that also is like that). So, historically, these buses have been the areas where many murders and assaults have occurred, due to its importance for the work of people and its importance for the whole country, the gangs have taken them several times in our history, perpetrating once one of the worst terrorist attacks of our country, when they burned a whole bus full of people. In our collective history, it is in the mind of every Salvadoran and that is the reason why every Salvadoran has a deep fear of our transportation system even tho we have to use it every day if we want to go to work or move around the city. We just learned to live with that fear, I am not rich, and I am young, my current job barely gives me food for the month and I can't afford a car. We have a big hope in the current government, which has proven that they listen to the citizens concerns and most important needs and that is the reason for their success, that is the reason why left them approve the Bitcoin law, because even we didn't know what bitcoin was, they have done a work that is so good that we trusted them blindly when they announced it, we just thought "they have done a good job until now, this bitcoin thing must be something good also". Some few detractors that are here and there don't understand none of this, and they think that is because Nayib wears a cap and says nice things, but actually, we, the average people have been able to see the results of their work as a team, not just Nayib but all the people who works in these projects. Those detractors, a fewer number of them have so much money that they pay people to spread fake news all over the world and over the web. They used to pay politicians and powerful people to do whatever they wanted, but with Nayib on the head they aren't able to do that. That's why they are angry. And soem people who are detractors and tell you about recent murdering stories, if you ask them how they know about it you realize that it is the story of a friend of a friend of a friend who saw something in Instagram of Facebook. Yes, still there are murders, but not in our face, people now go out and enjoy the day, they fill the parks with their families and friends, even these friends who told me these recent murder stories, they go camping. 
+
+​
+
+**We need talent.** 
+
+We have so many good programmers that work for companies overseas, one of my closest friends is one of them. We have many people who can speak English like me, and other languages (I learned Japanese in order to get a job), because of that need to survive we learned all of there things because we became **experts** in telecommunications and remote work even before the pandemic, with call centers. That is the reason why many of the call center services in the world are located here. I live some minutes to one of these places, they have thousands of people working here in that type of job and almost all of the roommates who I have lived with speak English everyday in their jobs and some of them also French. But due to the reason that all the development is in the capital city, all of us have moved here! Even young people in the most distant towns learn English with the only hope that it will take them out of poverty. Call center is offered here as the only alternative to have a job. And it is better paid than doctors or engineers. But it has a vary dark side. It is just labor exploitation. The bosses make them work in insane non human timeframe schedules with no chance to go to the bathroom or eat in many cases. Sometimes they have lunch but it is a very short timeframe and they have so many over-stress problems to the point where almost all of their workers have stomach problems and mental health issues. it is common in those buildings to have stories about workers who committed suicide or just died from heart attacks and the company doesn't care about them. I was trapped in one of these places and thanks to them I improved my English but thanks to internet jobs, NFT gaming and crypto earnings me and some of my friends were able to leave that f\*\*\*g slavery behind. 
+
+​
+
+I still think we need more talent. it is yet not enough to compete with the US or Japan, much or our own talent moved to these countries in the previous decades and it is understandable because we were living in hell over here. But now our challenge is to bring talent over here and improve more and more the living conditions for them. We still have a lot of beautiful nature, short travel times (the country itself is small), rich culture, delicious food, friendly people! But the government has been working in lowering those crime rates, building a lot of bridges, improving infrastructure like freeways, streets, the water system, transportation, building a new airport and improving the one we already have, building new hospitals and they have a huge new school system plan, they made a new new born program for all the new babies that come to life here to come in better conditions and the president and his team themselves were in 2019 overseas looking for opportunities telling investors and other governments that we exist. Bitcoin was just one of these things at that time, that we had no idea was going to put us in the eye of people (as good or bad). There is so much that we want to do and to little people, that we do what we can at a time.   
+
+
+So, the Bitcoin City is going to be built in the middle of all of this. And our hopes are on it. A city takes several years to be built but we are working in order to make it a true reality.   
+Thanks for the people who have read until here. The topic is still related to Bitcoin as I've spoken about all the things that the future citizens who move to the country may ask or be concerned about.
+# TL;DR
+
+In this post I discuss the power of asymmetry when investing and how to calculate risk-reward odds with some examples. GME has incredible risk-reward potential. Duh. But here you can see it in numbers and at different levels of possible outcome.
+
+The analysis shows that for every dollar at risk in a GME share purchase you have the potential to turn it into 50x, 100x, even 10,000x gains depending on how you see the stock.
+
+*^(Note: this is not financial advice. I am not a cat. Each investor has his own level of risk and should find their own level of comfort. Do your own research, make your own mind up.)*
+
+https://preview.redd.it/1um3xc8dow571.jpg?width=1116&format=pjpg&auto=webp&s=5596e57299902e3c3c775150a78528eaa8f616eb
+
+# Introduction to the Asymmetric Bet
+
+For a long time I've known that GME is unlike any other opportunity I'm likely to see in this lifetime. I've read all the DD. Written up my own DDs. Averaged down, then averaged back up. Watched the market every day for 4 months. Now I'm full YOLO and been in a state of Zen with it for months. But why exactly? How can I explain it to friends and family who only focus on the fear of minor dips?
+
+The answer I've come across is thinking of GME as an investment with severely skewed asymmetric risk. The greatest asymmetric bet since \[*digital currencies that cannot be named*\] in 2011. But what is an asymmetric bet and how does it help us to think about GME?
+
+For this section I'm going to use an article called [*Asymmetry: The Financial Secret That Can Earn You 10,000% Returns (No Joke) for reference*](https://katusaresearch.com/asymmetry-financial-secret-can-earn-10000-returns-no-joke/). I'll try to pick out the best bits and relate it in ape speak to the GME situation.
+
+​
+
+https://preview.redd.it/5crktyafow571.png?width=1600&format=png&auto=webp&s=75f375a7b437d98b449e6479e482076dd9cbb509
+
+In the market a symmetric play would be one where you have a roughly equal chance of gaining the same amount as you could lose. This could be the case with something like day-trading where most retail investors end up losing money. It could also be in a longer term investment where there's a decent chance of a pull back.
+
+​
+
+https://preview.redd.it/gijd4exgow571.png?width=1625&format=png&auto=webp&s=a827d4d649ca6310d64b1087c4b7c0025417580f
+
+In an *asymmetric bet* for each dollar you risk losing there is a chance to make many more dollars back. Putting $1000 at risk in the example asymmetric bet above would have equal chance of losing $1000 as winning $10,000. This is a 10:1 odds ratio of potential reward versus risk.
+
+In ape speak for this example, for every banana that you might lose, you have an equal chance of getting 10 bananas back in return.
+
+​
+
+https://preview.redd.it/2f2qmjhjow571.png?width=1556&format=png&auto=webp&s=27af5eadd26c592cad36ed6f6117ab928d65a344
+
+Here we see how to calculate the odds ratio for an investment. If you expect a maximum worst case scenario loss of 50% but believe there is at least as good a chance to make 500% upside then this play has a 10:1 odds ratio.
+
+*Now we get a bit mathy. You can totally skip this but I include it so anyone else can play around with calculating their own expected risk-rewards odds.*
+
+In the case where we expect to have an equal chance of both outcomes we can write down the following formula:
+
+>Upside% / Downside% : 1 = Potential\_Reward : Potential\_Risk
+
+If we believe that the chance of one outcome is greater than the other we can use this modified formula:
+
+>Odds\_of\_Winning \* (Upside% / Downside%) : 1 = Potential\_Reward : Potential\_Risk
+
+So if theres a chance of winning a huge amount of money but it's very unlikely we can factor this in. An example of this would be winning the lottery (which I'll discuss later)...
+
+# A Conservative Estimate of Risk-Reward for GME
+
+Here I am going to calculate a *really really conservative estimate of the risk-reward ratio for GME*. *This is not FUD*. I believe the situation is far better than this and unlike anything we will ever see again. I choose to do it this way to show how crazy GME is right now even in a worst case scenario.
+
+So right now we're at approx. $230 for the last few days but for simplicity I'll assume we bought in at  $250. Most of us have much lower averages and therefore are in an even better situation.
+
+Now some key points to consider when estimating the risk-reward for GME.
+
+1. The Gamestop e-commerce revolution could naturally make the share price \~$200 in a couple years regardless of squeeze. [Jefferies have a target of  $175 on fundamentals alone for next year](https://www.reuters.com/article/us-usa-stocks-gamestop-research-idUSKBN2BG2PQ). I have full confidence in Ryan Cohen. But for now let's say the worst case would be price dropping to $125. This is roughly the lowest we've seen since the March run-up.
+2. Based on this risk estimate the *Potential\_Risk* if willing to go long medium term is minimal but lets say  (1 - $125 / $250) = 50%.
+3. In Feb the [Interactive Brokers chairman admitted on CNBC that if trading hadn't been illegality stopped prices would've gone into the thousands](https://www.youtube.com/watch?v=_TPYuIRVfew&list=PLuj1F6SBMlyCNOrhdgwu3mDiQpHt6i_G5&index=14&t=159s). *Plural*. The situation is far more crazy now. Diamond hands have been forged for months. But here let's say $10k is the absolute worst case realistic possibility.
+4. Based on this massive underestimation of the MOASS floor we have a *Potential\_Reward* of $10k / $250 = 4000%
+
+So if we put this together my worst case risk-reward odds ratio is:
+
+>4000% / 50% : 1 = 80 : 1
+
+***\*\*\* This means that for every 1 dollar I accept the risk of losing I have at least an equal probability of gaining 80 dollars in return!! \*\*\****
+
+This is the most bonkers asymmetric bet you will ever find. I challenge all of you to find another example. Perhaps during the early days for \[*digital currencies that cannot be named*\] but was there enough information available in real time to estimate the potential risk-reward odds up front? I think probably not.
+
+So the asymmetric GME bet seems absurd. How does it compare to other forms of risk that we're familiar with?
+
+# Examples of Risk-Reward in Other Real World Examples
+
+I should note here that I am not a gambler at all. I don't play the lottery and I wouldn't put anything other than play money on the line at a casino. When I compare the odds for these to GME it makes it clear to me why I feel that way.
+
+**In a Casino**
+
+When visiting a casino blackjack has the best odds of the different games. With naive play the house has an edge of about 8% on the player therefore:
+
+>Beginner Blackjack Odds = 1 : 1.08
+
+With perfect play using one of the optimal strategies the house only has a roughly 1% advantage giving:
+
+>Optimal Blackjack Odds = 1:1.01
+
+So in blackjack the best you can hope for is an almost perfect symmetric bet (with a slight house advantage).
+
+**Playing the Euromillions**
+
+Playing the lottery offers a very small chance of incredible life changing returns. Details of the different Euromillions prizes and probabilities can be found here: [https://www.euro-millions.com/prizes](https://www.euro-millions.com/prizes)
+
+The chance of winning the ultimate jackpot of 62 million euros (average prize) is 1 in 140 million. So there is typically one winner in 140 M tickets and each ticket costs €2.50. You might be seeing where this is going...
+
+>Euromillions Jackpot Odds = (1/140,000,000) \* (62,000,000 / 2.50) = 0.18 : 1
+
+This means that for every euro risked on the Euromillions only 0.18 euros are actually paid out in the jackpots. This is complete dog shit. Less than 20% of the money collected is used for the jackpot prize.
+
+Aside from the ultimate jackpot there are a number of smaller prizes with better odds of winning. I'll try to combine them all here but it's possible I make a mistake adding them up. I did this by adding all the risk-reward odds for each price from the table [here](https://www.euro-millions.com/prizes).
+
+>Euromillions Any Prize Odds = 0.41 :1
+
+So this looks better than the Jackpot alone but we see that about 60% of the money spent each week never gets seen by the prize winners. Over time you can expect to get back 40 cents for every euro you spend on the lottery.
+
+# Identify Your Own Risk-Reward Ratio
+
+I've put together this table so that you can see where your own risk reward level is based on share purchase prices and possible outcomes. I don't account for different chances of good versus bad outcomes in the table, it assumes that the money at risk has an equal chance to rocket.
+
+*Again this is not FUD, I see it as anti-FUD. Even in the worst case scenarios a GME investment based on current understanding has many many times better risk-reward ratios than any other play you could think of.*
+
+​
+
+[Risk-reward odds ratios for different GME investments and outcomes](https://preview.redd.it/ga3k0fcsow571.png?width=1396&format=png&auto=webp&s=ee546b7846806e37a86cd296a0b37d10f13af713)
+
+Even with ridiculously low floors and potential for downside price dropping below realistic levels, GME still comes out as an asymmetric bet that is almost impossible to beat.
+
+Even in the worst case estimates we have 4:1 odds. I challenge you to think of another investment that has so much upside potential versus contained risk.
+
+# Conclusions
+
+By looking at estimated risk and reward for GME we see that this this is a massive asymmetric investment opportunity.
+
+Imagine buying in at $250 and that the price has an equal chance of going to $150 as it does of going to $100,000. Then for every dollar of the investment at risk of being lost there is an equal chance of turning that dollar into $1000 more.
+
+*And as I'm sure you can see this is potentially a massive over estimation of risk and underestimation of the MOASS floor.*
+
+Fuck Jeff Bezos. But he understands the potential of the asymmetric bet...
+
+[🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://preview.redd.it/pofp9txvow571.jpg?width=1079&format=pjpg&auto=webp&s=3730ce486a2daba590fbfc868b9dd4ddfb85d127)
+Wall Street Vet Charles Gradante On GameStop Stock, Naked Shorting and His Support For Retail Traders
+  https://news-static.webullfintech.com/us/news-html/20220109/48189475.html?theme=1&color=2&hl=en&android_sdk_int=28&canary-version=&_v=1&sp=1&tickerId=913255341&disSymbol=GME&isSubsNews=false
+
+Edit:
+Google GME Reddit GameStop and superstonk isnt appearing 1st in searches results. Superstonk aims to put an end to that with some SEO.
+
+Gamestop GME Reddit superstonk is due diligence news education data and memes naked short selling DTC withdrawal DRS
+
+https://www.reddit.com/r/Superstonk/comments/spzrqy/the_gamestop_reddit_a_gme_subreddit_focused_on/?utm_medium=android_app&utm_source=share
+I’ve been at my job for ten years and have been putting about 10% of each paycheck towards my retirement. I just got an update from the company who handles all that and I only have $70k in the account. That seems low to me for my age (38) and income (I started at about $70k but am now making about $95k). Should I be looking for a new financial adviser? Be investing more aggressively? Or is this amount okay?
+Hello there. Not sure if this is the right subreddit for this but I’ll just get right to the point and you can all lead me to the right sub if needed.
+
+My girlfriend got kicked out of her abusive parents’ home. Fast forward to now, living with me for months, she checked her credit card app and noticed other accounts under it. Turns out her parents have opened a credit card under her name. Only reason she knew was that her mom’s phone number was connected to it. It was never activated, however.
+
+She contacted her bank, the credit card company, and they were able to close the account down. She also filed a police report for fraudulent activity. But she’s still worried that they might do something with her SSN and is stressing out about changing it completely.
+
+Is there anything else she should be doing? I’m also not too familiar with identity theft or anything of that sort but her main worry is them having access to everything else.
+
+Edit: Thank you so much for the helpful responses! My girlfriend actually [commented](https://www.reddit.com/r/personalfinance/comments/m4j07o/girlfriends_parents_opened_credit_card_account/gqvj4wg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on this for more clarity and context. You can respond to her own comment if needed.
+
+Edit 2: Forgot to mention, we’re both well over 18. Might’ve been a significant information there.
+I’ve gotten to a place where I am comfortable and relatively confident with every trade I make. Feel like I’ve conquered most of the psychological hurtles that have been setting me back, which is great! 
+
+But! I am still struggling with a couple hurtles, and I was hoping some seasoned career traders could offer some advice. 
+
+1- Still struggling with cutting trades too early for no reason other than fear of not locking in profits. My confidence wavers. 
+Good example is this morning. Entered long on ES at 4560.75 with a two point mental stop. Expected price to fill yesterdays value area (it did, and then some) so I set that as my profit target. Yet I cut the trade when price started consolidating around yesterdays POC and walked away with 7 points. Yeah, it was still a good profitable trade, but the trade was still valid when I cut it. Had I stayed in, I would have grabbed another 10 points. 
+I trade single lots, so I can’t really shed my position. 
+
+2- I have a bad habit of not taking valid trades due to fear of giving back profits. I know defensive trading isn’t necessarily a bad thing, but I’m definitely leaving money on the table. 
+
+3- I want to increase my position size, but holy fucking shit, every single time I do, I cut the trade at the first sign of trouble. Big fear hurtle here, and it’s really hurting my development. 
+
+In summation, I’m a scared little bitch and can’t get over it. 
+
+Any advice is greatly appreciated!
+Personally, I am a 🚀🚀rocket🚀🚀 scientist.
+
+**I saw all the posts on shilling offers, so I decided to satirically post on MelvinLove, thinking that that sub was satire. I was wrong.**
+
+[**https://www.reddit.com/r/MelvinCapitalLove/comments/msm0fd/offer\_ill\_be\_a\_shill/**](https://www.reddit.com/r/MelvinCapitalLove/comments/msm0fd/offer_ill_be_a_shill/)
+
+**In my post, I used this Mr. Robot copypasta** [**https://getyarn.io/yarn-story/4981a085-549a-46ea-83b8-1d21b2903f42**](https://getyarn.io/yarn-story/4981a085-549a-46ea-83b8-1d21b2903f42) **to tell them to suck my balls.**
+
+**But, a person claiming to be a shill just publicly approached and offered $10 an hour to post FUD. Fucking pathetic considering doing absolutely nothing is making me hundreds of dollars an hour as the GME floor keeps rising.**
+
+​
+
+https://preview.redd.it/n7x18vgn8pt61.png?width=1402&format=png&auto=webp&s=8eb5c25b025cd6aa6b8d2646f222c5e144e34536
+
+​
+
+**I thought it was a joke, but I did some more research.**
+
+**This user has gotten almost a million karma in a year by doing the insightful and critical task of reposting content onto JoeRogan, PublicFreakouts, LoveForLandlords, LoveForScalpers, Cringetopia, Firearms, NoahGetTheBoat, and other low effort karmafarming subs, without any text posts. i.e. no real effort, just look at one month old top posts, copy the image, trigger the SaveVideoBot, or copy the link and paste. Several times a day, probably on a dozen accounts simultaneously, possibly with a bot. Just post vids of American police killing people on these subs and racist conservatives will come out of the woodwork to upvote and defend their atrocities. Free karma for the whore.**
+
+**Why would you do that? Reddit algorithms \*probably\* detect when one account does nothing but downvote posts in SuperStonk, so being an active user tricks the algorithm into thinking that your usage pattern is typical in the makeup of actions, but perhaps not in quantity. But more ad revenue for them with more usage, they don't mind.**
+
+​
+
+[I'd call you a whore, but don't want my twitter account suspended.](https://preview.redd.it/bxmil5pc8pt61.png?width=1736&format=png&auto=webp&s=a0aff06750f1195aa1e7142d08edd69e1ac85d63)
+
+**Then, when GME started, they started to put out FUD. It wasn't many times a day since that would get noticed. Instead, they karmafarm on the other subs so when people see their FUD, they look and see a high karma account, then, when they see their previous posts, instead of constant FUD, they see what appears like a normal user. But it isn't. Normal users don't post like this, unless they're karmafarming to sell their account. This user spends almost 24/7 commenting and posting on Reddit. Could it be just an unemployed neckbeard who has this much free time to leave hundreds of comments on JoeRogan and PublicFreakouts? Maybe they just hate gamers.**
+
+​
+
+[U mad bro?](https://preview.redd.it/h5vkam3lept61.png?width=1750&format=png&auto=webp&s=66117ff4be424b2c3b1a12e7cfc10ae84252ce5d)
+
+**But maybe it's more likely they are selling their internet profile because nobody was buying their body, so they needed to resort to karma-whoring?**
+
+​
+
+[Nice flair](https://preview.redd.it/pt4oq4sz8pt61.png?width=1402&format=png&auto=webp&s=51f0a8aa8d37bf50f52396256420395fefc61ab3)
+
+​
+
+[Silver's also a great stock! This might be the smoking gun since they're caught up in JoeRogan, universal basic income, and want to tell people to invest in a product \(yes, ETF's are PRODUCTS that are sold by the people who bundle them together\).](https://preview.redd.it/rv0jhvnk8pt61.png?width=1460&format=png&auto=webp&s=18ccd7dda555778671849c953cbbb1ccdf534447)
+
+​
+
+[We ARE monkeys.](https://preview.redd.it/habhxdnl8pt61.png?width=1460&format=png&auto=webp&s=85a29c949af8a6d22a3f2b48ae3b261112f30ad5)
+
+​
+
+[Looks like a hyper-rational ape to me.](https://preview.redd.it/3t8kv13m8pt61.png?width=1460&format=png&auto=webp&s=d7f6bcbfc346cba68c73bfb4ca34895257590f64)
+
+​
+
+[Classy.](https://preview.redd.it/el7zehkm8pt61.png?width=1460&format=png&auto=webp&s=012ca7a6bea0e5513c35b0a713e73ca4d5278a19)
+
+​
+
+​
+
+**So, I inquired to see what they were doing and found out about their "clever" strategy.**
+
+​
+
+[A true Agent of Secret Stuff.](https://preview.redd.it/092azj0n8pt61.png?width=714&format=png&auto=webp&s=54fa6f5ea7a159111226a7d5fb147ac821a6806b)
+
+**So, it sounds like they're not interested in the spam that this becoming public would attract.**
+
+**I can't nail it down 100% that they're just a troll, or are really a lowlife shill, but I'm leaning towards the latter because the abnormal account activity seems suspicious in my opinion. If it's the former, I like to use the measuring stick that it's funny if in the end, both people are laughing. Instead, I'm left debating if this stranger has actual autism, or a lack of moral compass. I don't really see how anyone can harvest dopamine hits by "trolling" like this.**
+
+**That being said don't send these leeches your return address because it's pretty obvious they're just going to sell that to every marketing agency and identity theft firm in NYC as soon as they get it.**
+
+**That being said, when signing up for any mailing list or junk mail, Madison Ave sure does have a nice ring to it.**
+
+Form your own opinions. Know that shills ARE real. FUD IS paid for. A sudden feeling of pessimism that you may feel after browsing HAS been bought and paid for.
+
+But, above all, feel comfort in the fact that you aren't karma-whoring and posting FUD on the internet for $10 an hour and are more likely doing some menial, but real and actually useful/productive job for $12 an hour. I'm holding for all of you.
+Recently my wife has asked if we would consider helping her mum with her rent. She is late 60s, retired and doesn’t own her own home obviously. I do not believe she has very much in her super but haven’t asked yet. Considering she divorced back when the husband kept all his super, this leads me to believe this. 
+We are about to start a family ourselves 
+and really do not have funds that we can divert to her mother but how do I approach this? Any thoughts on what I can do to help her mother or help her plan her retirement? I think there may be a hard conversation coming.
+
+Edit: Thank you everyone for your thoughts. Pretty much on the same line as myself. Looks like we will have to go through her finances with her and see what we can do together. 
+P.s. we do all get along I just don’t feel we are in a position to move from where we are as it would involve moving a long way from where we live to get the space that would be needed. 
+Again thanks for the comments and thoughts
+📢📢📢AMA with the TEAM📢📢📢
+
+📱Telegram: [https://t.me/xxxnifty\_official](https://t.me/xxxnifty_official)
+
+​
+
+Join us for an AMA you don't want to miss at Telegram.  The questions you all have will be answered.  The Future Of xxxNifty will be laid out for our community to know for the next few quarters and beyond!
+
+xxxNIFTY The World's Largest Adult NFT Marketplace. Powered by \[NSFW\] TOKEN.
+
+✔️ Building state of the Art Algorithmic NFT project!
+
+✔️ Pleasurely (OnlyFans Replacement) Alpha launch!
+
+✔️ 900+ premium NFTs sold to date
+
+✔️ 160+ Approved Creators. More joining daily
+
+✔️ Low Marketcap \[ 12M MC \]
+
+✔️ Team growth and expanding
+
+✔️ 8 Studio Partnerships and counting
+
+✔️ 8 Brand Ambassadors
+
+✔️ Crypto Partnerships- OnlyPunks NFTs
+
+✔️ Tech rate Audit approved
+
+✔️ Daily NFT drops
+
+✔️ Marketing RAMPED up for Token Growth
+
+✔️ Registered business & Doxxed Team Join Telegram for updates
+
+​
+
+🌐Website SFW: [https://nsfwpay.com](https://nsfwpay.com) 
+
+🌐Website NSFW: [https://xxxnifty.com](https://xxxnifty.com)
+
+📱Telegram: [https://t.me/xxxnifty\_official](https://t.me/xxxnifty_official) [https://t.me/xxxNiftyAnnouncements](https://t.me/xxxNiftyAnnouncements)
+
+🟦Twitter: [https://twitter.com/XxxNifty](https://twitter.com/XxxNifty)
+
+📃Contract: 0x9daaa05946e486add2c81e0d32d936866b8449d9
+
+🦎Coingecko: [https://www.coingecko.com/en/coins/xxxnifty](https://www.coingecko.com/en/coins/xxxnifty)
+
+📈CoinMarketCap: [https://coinmarketcap.com/currencies/xxxnifty/](https://coinmarketcap.com/currencies/xxxnifty/)
+
+📈Coinbase: [https://www.coinbase.com/price/xxxnifty](https://www.coinbase.com/price/xxxnifty)
+
+🌟🌟🌟 Stay save! 🌟🌟🌟 Stay Nifty 🌟🌟🌟
+A man walks into the farmers market. He needs some corn, so he approaches the corn stand.
+
+"Oh, you'll need some CornCoins to purchase corn," the attendant says.
+
+The man pulls up his phone and buys some CornCoins with his local currency. He then sends the CornCoins to the attendant. "Here you go!"
+
+Then the man walks over to the meat counter. A big sign above reads "MEATCOINS ONLY."
+
+The man sighs as he opens the exchange app on is phone again, locates MeatCoins, and purchases some. 
+
+Finally he makes it to the cereal isle, but much to his dismay, every cereal brand requires its own coin. He checks his wallet and finds he is low on cash, but sees he has small amounts of CornCoins and MeatCoins left. He sells each one back for his local currency, but after fees it still isn't enough for cereal. Feeling defeated, he leaves the market.
+
+On his drive home he sees a billboard advertisement for a "Universal Market." Intrigued, he decides to stop by.
+
+Upon entering the Universal Market, he is greeted by an employee. 
+
+"Welcome to the Universal Market. What currency do you indent to pay with?"
+
+"Uhh, here is what I've got," the man says as he shows his phone to the employee.
+
+"Great, I've set your preferences, now here is a list of vendors who accept what you have!"
+
+The man looks at the list that popped up on his phone. Most vendors are available with only a few grayed out. He walks over to the cereal isle and sees that he can now afford to buy a cereal box without the need to pay exchange fees. He grabs the box and pays a terminal in his local currency.
+
+On his way out, he asks the greeting employee, "What's the deal, how come you guys don't make me buy all these different coins like the other stores?" 
+
+Smiling, the employee replies, "It's simple: we realized that at the end of the day, farmers cant pay their bills in CornCoins, so they have to sell them anyway. People have a much harder time transacting when they have to manage dozens of coins for every little segment of the economy. So we decided, why not skip a step and match buyers and sellers who can transact in the same local currency!" 
+
+**Are we headed to a future of managing dozens of tokens to participate in the decentralized economy?**
+
+Many dapps (decentralized applications) have made tokens for themselves as a way to raise funds. These dapps give value to the tokens by forcing that token to be used on the dapp. It is in essence the same as a farmer forcing you to buy CornCoins to buy corn. On one hand, smart wallets can be made so that managing multiple coins is easier. But is that really the best way to build the decentralized economy? Would it not be easier and more efficient to have more general-purpose coins that allow buyers and sellers to transact without performing currency exchanges? I leave this story and question to the Ethereum community.
+I have narrowed down to these two for direct mf investments.
+
+1) Please share your experiences with both and which do you think is better.
+
+2) On Kuvera I found that 'HDFC index fund nifty 50 plan' is currently unavailable for purchase. When I asked about this, the support team replied that there is some technical problem with AMC and BSE Star MF(which is their transaction platform partner). So if anyone has an idea how long has this fund being unavailable, please let me know. Groww users, is this fund available there?
+
+Thanking you guys in advance.
+So about 3 years ago I saw a post on here that said if you want to enjoy retirement you have to learn how to make saving as fun as spending. It really clicked with me since I’ve always been a pretty big unnecessary spender and always had money burning a hole in my pocket. 
+
+So I thought of some ways to make saving fun and seem less burdensome to help my ‘future me.’ The idea I had helped me save and maybe it can do the same for you. 
+
+So when I stated working full time I paid off my student debt first (I worked really hard to do this and finally got rid of 10k my first year. I realize it’s not always that way for everyone).  But when I had the additional income in my pocket that wasn’t going into loans, I admit I spent a lot and was breaking even each month with zero going into retirement, zero into savings or emergency funds. 
+
+My idea: so I got this idea to save up enough money to fill up a Monopoly board. Just like the game. It gave me a goal to shoot for and a specific number I could visualize. Then I found a tool online called a compound interest calculator which shows how much you could make if you start saving when you’re young (in my case 22-23 years old). Guess what, if you save enough money to fill up a monopoly board before you’re 25 (about 20k, which can be hard for everyone depending on situation) that money can compound over time and by time you hit retirement it could be worth upwards of $250,000 (with ~6% interest each year). If your investments happen to get returns of ~10%, you’d be sitting with over $1,000,000 just from this exercise alone. Although 10% is much less likely, but you get the idea. 
+
+So then I did two things. 
+
+1) I calculated how much of my income I could afford to put away and automatically put it into company 401k so I never had to see it. And I get a tax break
+
+2) I BOUGHT a Monopoly play set for $10 and took out all the money. I now have two envelopes. One with the starting amount of money and one with the money I’ve saved into 401k. 
+
+It helped tremendously to visually see that my funds were going and hold onto it, and count it. But never be able to spend it. Something about the tangible aspect of holding your money made this super fun for me. 
+
+As a plus, this month I was humbled to say I achieved my goal and emptied out my first envelope and my other is filled. It was a long road and at times never thought I’d do it, but I turned 26 this week and am super excited to share!
+
+Over the last 2.5 years my original investments were also able to grow an additional ~$500, even in safe ETFs and mutual funds. It’s the first sign of progress and I couldn’t be more happy. 
+
+Thanks for letting me share. :)
+
+EDIT: wow this blew up! Thanks everyone. And to everyone saying you also need balance in your life, that’s possible too.
+I love this community. I’m happy to have found such an amazing and hilarious group of people. It’s hard for me to find many people with my sense of humor, but you beautiful bastards get it... This place is fun, and it’s awesome watching everyone learn and grow and figure things out together. I won’t soon forget any of this. I am part of something bigger while I am here. As for me and my family, we hold our shares. Not financial advise.
+I love this community. I’m happy to have found such an amazing and hilarious group of people. It’s hard for me to find many people with my sense of humor, but you beautiful bastards get it... This place is fun, and it’s awesome watching everyone learn and grow and figure things out together. I won’t soon forget any of this. I am part of something bigger while I am here. As for me and my family, we hold our shares. Not financial advise.
+NGA is up 50% since I made my first post here: [Lion Electric (NGA: NYSE) - an investment opportunity](https://www.reddit.com/r/CanadianInvestor/comments/kmvks7/)
+
+**What happened?**
+
+* Through SEC filings, it has come to light that Amazon owns a small stake in LION with options to increase up to 20% (if they spend $1.1B, the options will vest). Amazon also has order of UPTO 2500 electric trucks for their middle mile (warehouse to warehouse), 500 trucks a year over 5 years, and 10% of production from 6th year and beyond. Amazon relationship confirmed post here: [Shared this 20 days ago when I found out!](https://www.reddit.com/r/CanadianInvestor/comments/kqbh3n/lion_electric_nga_major_news_amazon_order_2500/)
+* PR blitz by Marc Bedard on Canadian (mainly French speaking networks) and American (Jim Cramer!) bringing the company into light for many investors who never heard of the company
+   * [JIM CRAMER & MARC BEDARD INTERVIEW](https://youtu.be/meJX_pwUlnQ)
+   * [Twin Rivers School District (CA,USA) - Now holds 40 LION SCHOOL BUSES!](https://youtu.be/StpnGrItO4E)
+   * [Miami-Dade starts transition to Electric - Guess who is there offering tours :)](https://cleantechnica.com/2021/01/18/miami-dade-starts-transition-to-electric-school-bus-fleet/?fbclid=IwAR3s4-b0g9LoxhjaUlSgPP3hdhDhVHNY_2uImLxesoHwETwvtFU2hXrLm98)
+   * [BNN Bloomberg (English interview with Andrew)](https://www.bnnbloomberg.ca/technology/video/canadian-electric-vehicle-maker-lion-electric-partners-with-amazon~2118576)
+* Increase in investor interest, the stock hit a peak of $35 USD! Incredible.
+* President Jo Biden is confirmed and the democrats are now in full control of the senate. Federal funding for Green initiatives are now in play and cannot be stopped by Republicans.
+
+**Other tidbits that bolstered my confidence in the long-term vision of the firm:**
+
+* [60 Bus Orders in Quebec](https://www.electrive.com/2021/01/20/lion-electric-wins-xxl-order-for-electric-school-buses/)
+* [New York State Energy Research and Development Authority Actively promoting their Energy subsidies for Buses with Lion Electric FLEET as their main promo picture lol](https://twitter.com/NYSERDA/status/1352362711720595458)
+
+[Promoting LION ELECTRIC](https://preview.redd.it/r82bbv8czbd61.png?width=605&format=png&auto=webp&s=707717c373cbda401d7bef0a11fadac1e31b84ba)
+
+* [Public Works and Government Services Canada looking to learn more and Electrify their ICE Medium and Large Heavy vehicles. The only supplier signed up to talk with 2 week left to close? You guessed it. Lion Electric.](https://buyandsell.gc.ca/procurement-data/tender-notice/PW-HP-512-79539/list-of-interested-suppliers)
+
+[GoC put out Request for Information on Electrifying their Medium and Heavy vehicle fleet ](https://preview.redd.it/mfa2gs6j4cd61.png?width=894&format=png&auto=webp&s=45baa90c7f215fb51834dcc649c173ef77b7caa8)
+
+**Positions:** 1000 warrants expiring 2027 at $11.50 exercise price :)
+I’m going to start off by mentioning that I know next to nothing about how energy tariffs work. I’ve been using pre-paid meters up to this point.
+
+[Her monthly direct debit payments are £315](https://i.imgur.com/kFZqyux.jpg)
+
+[Her highest monthly spend this year appears to be £189](https://i.imgur.com/tXdbUyM.jpg)
+
+[It also states that her account has £1,716 in credit](https://i.imgur.com/jeDeFNR.jpg)
+
+My question is… *what* in the blazes does this shit mean, and can I speak with her provider to get the monthly payments reduced and in line with what she actually spends?
+**We're the UK's largest debt charity, StepChange. Ask us anything about money worries or debt today from 10:00 - 16:00 (BST)!**
+
+Did you know that 92% of our clients said that if they could go back in time, they’d get debt advice sooner? We’re encouraging people to open up for Talk Money Week, ask questions in this AMA and get the help they need quicker.
+
+Anyone can fall into debt - for all kinds of reasons. There is nothing to be ashamed of.
+
+We recognise that many people find it difficult to talk about debt. That’s why we provide free, non-judgmental, and confidential debt advice and support to hundreds of thousands of people every year. Our advice and solutions are based on a comprehensive assessment of your situation. We also provide practical help and support for however long it’s needed.
+
+But please don’t wait to get debt help. Sweeping it under the carpet or burying your head in the sand can have a negative impact on your wellbeing. Help is available and we’re here if you need us.
+
+**Unsure whether you need debt advice?**
+
+We have lots of information on how we can help. From impartial guides on bills and benefits, to full debt advice which is available 24/7 online, or you can get advice over the phone.
+
+We even have [TikTok](https://www.tiktok.com/@stepchange?utm_source=reddit&utm_medium=social) and [Instagram](https://www.instagram.com/stepchangecharity/?utm_source=reddit&utm_medium=social) signposting you to help and support.
+
+Whatever your financial solution, by answering a few simple questions, StepChange can provide support and guidance to help you understand what to do next. Find out more by using our 60-second debt test.
+
+[Take the 60-second debt test](https://www.stepchange.org/debt-test.aspx?utm_source=reddit&utm_medium=social)
+
+If you need free and confidential debt help that’s specific to your situation, please use the online debt advice service here: [Debt Help](https://www.stepchange.org/debt-advice-start.aspx?utm_source=reddit&utm_medium=social), or use our [Contact Us](https://www.stepchange.org/contact-us.aspx?utm_source=reddit&utm_medium=social) page.
+
+**Get your debt questions answered here.**
+
+From 10:00 until 16:00 on Friday 11th November, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions about debt that you may have. We're a friendly bunch so please don’t be shy!
+
+Importantly…
+
+Please view the r/UKPersonalFinance wiki and flowchart for additional support. The advice and help provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. *A poster may have provided further relevant information by private message which will not appear on this thread.*
+
+*Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention this in the reply*
+Hi all,
+
+**This is an update/appreciation thread.** 
+
+For reference: [Here](https://www.reddit.com/r/fatFIRE/comments/ka19ha/fire_vs_fatfire_experiencesthoughts/) is the post I made a little over 6 months ago.
+
+Since that thread (in which I found very valuable perspectives shared by this community) and reading posts in this community for the past 6 months, I've firmly shifted my mindset from FIRE (previous target was $3M) to a FATFIRE plan (aiming for $10M - our actual spending is not planned to go above $250K-$300K/yr, we currently spend about $200K/yr and would maintain a similar lifestyle + slightly more donations/family gifting/travel/one-off toys).
+
+**Some numbers update** \- thanks to the crazy markets + company performance, my NW is rising faster than expected: 
+
+* NW will be at just shy of $4M at end of month
+* I've got about $1.5M coming at the end of 2021; so NW will be close to $5M by beginning of next year
+* Next year I expect around another $1M-$2.5M (depending on company performance) 
+   * As expected, I've already been given another round of incentive for '4 more years', but its not going to dramatically change my income (increases my comp by \~$300K-400K/yr)
+* Wife is onboard with me retiring by the end of 2022/beginning of 2023 when I'm around 40 - hopefully we'll have close to $5.5M-$6M at that point, and she wants to continue to work for 5-10 more years, so we will coastfire to $10M.
+
+**Perspective I gained from reading posts in this community over the past 6 months**
+
+Just wanted to thank the community for sharing lots of great perspective in various posts (even the ones where the OP doesn't seem to be valuable, I still often found valuable comments).
+
+Some of my main takeaways that shifted my mindset from $3M FIRE to $10M FATFIRE but not beyond, are that: 
+
+1) aiming for $3M (or even $5M) is too low if I want to live in a HCOL/VHCOL place, and therefore too limiting overall in terms of places I could afford to live (since just a normal 3 bdrm apartment/townhouse will be $1.5M+).
+
+2) the lifestyle changes at $20M or $30M NW isn't significant enough for me to work another 10-15 years - at that point any extra wealth I gain I'd basically eventually donate to charity anyways since I don't plan on passing along generational wealth (education, downpay for a house, or even the whole house is a maybe/yes for the kids, but not planning for much more than that).
+
+I'll post another update on my journey if anything interesting comes up, or when I actually RE in 18-24 months, Cheers!
+Anyone run into relationship issues after making a good amount of money due to a business exit? My wife seems to feel like I’m constantly condescending to her simply because our life has changed due to coming into wealth.
+
+It started as a small annoyance and is now becoming a daily burden.  Anyone run into this with their SO? How did you explain to them that it’s not a competition? Or help them handle the change?
+
+Edit - spelling
+Edit 2 - Thanks for all the feedback and comments, some of you have been super helpful! 
+
+In short - we spoke for 3 hours, went for a walk with the dogs, and concluded that she’s been depressed due to COVID WFH and her only outlet has been to make the house better, hence splurging on furniture. Nothing more to it, and a very easy to solve problem.
+
+Thanks to everyone that suggested this may be the case, and more importantly for being reasonable and not telling me to get a divorce, or that I was being intact an asshole.. there’s some great people in this community, so thanks for the advice!!
+A huge reason for Tesla's insane valuation is the fact that Tesla has amassed 3 billion miles of real-world Autopilot data (by comparison, Waymo only has 20 million real-world miles and 10 billion simulation miles). This allows Tesla to be the only automotive company currently that can train vision-based self-driving system in the real world at such a huge scale. Essentially, Tesla is utilizing its users as free labor to train its self-driving system by having the users correct the system whenever it makes a wrong turn.
+
+Blackberry IVY will very soon change the game. By creating a standard data abstraction layer on the 175 million QNX-powered vehicles (and possibly more since IVY is OS-agnostic and will support other non-QNX vehicles), Blackberry IVY will likely become the de-facto industry standard for automakers to share normalized sensor data (camera, radar, lidar, steering wheel rotation, brakes, acceleration etc.) with Autonomous Vehicle software makers (Waymo, Cruise, Argo, Motional, Aurora, TuSimple, Baidu, Pony.AI, Momenta etc.).
+
+By 'sharing', I mean monetizing. De-identified vehicle sensor and localization data will be the most important asset that automakers can monetize in the immediate short term. Blackberry and AWS will be the bridge between the traditional automotive world and the software world by creating programming standards, interface and data marketplaces.
+
+Just imagine this, Tesla only has **<2 million** vehicles on the road currently and they are already called a Big Data company and world-leading "self-driving car" company (debatable, I personally think anything under L4 autonomy is ADAS, not self-driving). 
+
+Imagine what Blackberry IVY can help the automakers and AV software makers achieve with normalized data from **>175 million** vehicles. Blackberry IVY will provide a standardized safe and secure way for AV software makers to tighten the training feedback loop between users and their software, as well as validate their systems in real-world scenarios at a much larger scale than Tesla. This will save these AV companies a lot of money from operating their own test vehicle fleets in various locations across the world.
+ 
+With the threat of Tesla coming to eat traditional automakers' lunches, Blackberry IVY will likely create Fear-Of-Missing-Outs (FOMOs) among traditional automakers to adopt IVY as a must-have enterprise software. The industry's transition to EVs will inevitably make any competitive advantage developed around combustion engines and mechanical drivetrain obsolete. Software will become a key differentiator for cars in the near future (especially cloud-connected vehicle data-driven products that improves battery performance, ride quality, infotainment, autonomous driving). Any forward-looking automaker (both ICE and EV) should already be looking to devote significant amount of their resources into improving their software offerings or risk getting wiped out in the next industry upheaval led by Tesla. Getting better tooling and software infrastructure like Blackberry IVY is their first step.
+
+IVY will very likely be an easy upsell for existing AWS Automotive customers like Toyota, BMW, VW to further enhance their cloud-based enterprise workflows and product development lifecycle etc. Both Blackberry and AWS  have been their trusted technology partners for a very long time and there is no major conflict of interest regarding data ownership (unlike Google).
+Delta 0.95, dte 28d. If the stock goes up, the call will be more itm and delta will be higher, which is good. If the stock goes down, delta will become lower and hurt less. There isn’t much premium to pay when buying the call. What do you think? Thx.
+Hey guys, curious about what the optimal move is when running 45 DTE spreads as your collateral continues to increase while trading.  
+
+Assuming I want to keep running the same style of play, is it generally better to buy more contracts of the tighter strike positions or increase the strike width to increase profit (for example, 5x 200/198P spreads vs 1 200/190P spread)?
+Starting a small account challenge with $500. What are the best strategies with this limited amount of equity?
+
+Edit: Money is not the issue. I've been doing CSPs and CCs in my larger account but want to use this challenge to a) challenge myself to be stricter in my trading, b) learn some new strategies and c) see how big I can grow this account over a year.
+I have some Tesla CCs that I have been rolling for the past few weeks with a strike of 850 -- keep thinking the price will pull back but it keeps going higher and now I'm in a pretty bad hole and I do not want the shares to get assigned.
+
+Any ideas on the best way to get out from underneath this and roll up? Should I roll up to 1000 expiring in February or something and take a big loss?
+I don't really get too deep into the weeds on my portfolio as there's a lot of stuff everywhere, so I've been trying to create a dashboard with a few shortcut stats to monitor the risk of my portfolio. These aren't from any sort of practiced knowledge, so I would appreciate any pointers or advice on how to think about theta gang in the context of my entire portfolio.
+
+FYI: My main brokerage account for theta is IBKR Margin Account.
+
+**Annualised Theta / Net Liquidation Value**
+
+IBKR reports a Theta value in the portfolio summary. So if it says something like 400. I assumed that to mean that all other things being equal, my short option positions would gain $400 per day. Annualising it to about 365 (or should it be 252?)  I get $146,000. Over a 1.7m portfolio, that's about 8%. Pretty low for thetagang given a few just expired and weren't rolled. So I might look at this to consider re-entering short put / covered call postions, or rolling existing positions.
+
+**Delta Dollars / Net Liquidation Value**
+
+IBKR also gives SPX delta which I understand to be the P/L I have per point of movement in SPX, I am under the impression that this includes exposure created due to options. So I've been doing delta dollars \* SPX to get my effective equity position + cash = how much a fully funded account would need. By dividing it by net liquidation, I would see if there was any shortfall which would need to be cognisant of. 
+
+So right now if my SPX delta is 212, SPX is 4,697, my effective SPX position is about $995,764. + 742,126 in cash as a result off covered calls being exercised and underlying sold, the position is about  1,740,000 vs a Net Liquidation Value of 1.7m, there's a shortfall of about 40k. If this number gets too low, I'd assume some of my covered calls are way in the money and reducing my SPX position. I'd probably roll those at that point. I want to have about 1:1 Delta Dollars / Net Liquidation value exposure for this account. 
+
+**Easily Accessible Cash outside Brokerage / Cash Required by Brokerage**
+
+I then check my other accounts to make sure if things go south, there's a decent amount of easily accessible liquidity in other assets that I can move to this brokerage if need be. I would probably try to keep this ratio high like 5x?
+
+**Required Cash if short puts are ITM**
+
+I used to track this by just taking the strike price \* contracts \* 100 of all my puts to see how much I need to fully secure the puts cash. It got a little tedious to look at all the contracts such that I just use the above metrics where I can just look at the portfolio aggregated SPX delta.
+
+Anyway, these are a few of the ways I try to be able to take a quick glance at my portfolio to see how it's doing and whether the option positions have resulted in over or underexposure to the markets. I'm not a professional and they're just some things I thought made sense on my own, so I would appreciate any advice or corrections if I misunderstood some of the metrics, particularly on how IBKR reports portfolio theta and SPX delta.
+If you are planning only to hold securities for less than a year, then you can ignore this.
+
+If you are wheeling long term holdings, such as SPY QQQ AAPL VTI etc., most people do not realize that your holding period can be reset. That means, that QQQ you bought over a year ago and been wheeling weeklies? Well, in terms of the tax straddle rules, you didn't buy over a year ago, you bought it when you closed the last covered call. You don't have a long term holding, you have a short term holding.
+
+Fidelity has an article that goes into this <[https://www.fidelity.com/learning-center/investment-products/options/tax-implications-covered-calls](https://www.fidelity.com/learning-center/investment-products/options/tax-implications-covered-calls)\>, and I find the way they wrote it hard to understand. So I made a handy table:
+
+​
+
+|*Purchased*|*CC DTE*|*Strike*|*Qualification*|*Holding Period*|
+|:-|:-|:-|:-|:-|
+|< 12mo|≤ 30 DTE|ITM|Non-qualified|Reset|
+|< 12mo|≤ 30 DTE|OTM|Non-qualified|Reset|
+|< 12mo|\> 30 DTE|ITM|Qualified|Suspended|
+|< 12mo|\> 30 DTE|OTM|Qualified|Not affected|
+|≥ 12mo|≤ 30 DTE|ITM|Non-qualified ^(\*)|Suspended ^(\*)|
+|≥ 12mo|≤ 30 DTE|OTM|Non-qualified ^(\*)|Not affected|
+|≥ 12mo|\> 30 DTE|ITM|Qualified|Suspended ^(\*)|
+|≥ 12mo|\> 30 DTE|OTM|Qualified|Not affected|
+
+^(\* Doesn't matter because your underlying is already long-term, held ≥ 12mo)
+
+Schwab also mentions this is covered IRS Publication 550. <[https://www.schwab.com/resource-center/insights/content/how-are-options-taxed](https://www.schwab.com/resource-center/insights/content/how-are-options-taxed)\> Publication 550 is worth a read. <[https://www.irs.gov/publications/p550](https://www.irs.gov/publications/p550)\>. Where under *Loss Deferral Rules* | *Qualified covered call options and optioned stock* <[https://www.irs.gov/publications/p550#en\_US\_2020\_publink100010648](https://www.irs.gov/publications/p550#en_US_2020_publink100010648)\>, the tax code is explained, including what is a deep ITM (more than one strike below the current stock price, exceptions etc. etc.). Here is the example from Pub 550:
+
+>**Holding Period and Loss Treatment Rules**  
+>  
+>The holding period of a position in a straddle generally begins no earlier than the date on which the straddle ends (the date you no longer hold an offsetting position). This rule does not apply to any position you held more than 1 year before you established the straddle. But see [*Exceptions* ](https://www.irs.gov/publications/p550#en_US_2020_publink100010671), later.  
+>  
+>***Example.***  
+>  
+>On March 9, 2019, you acquired gold. On January 10, 2020, you entered into an offsetting short gold forward contract (nonregulated futures contract). On April 3, 2020, you disposed of the short gold forward contract at no gain or loss. On April 10, 2020, you sold the gold at a gain. Because the gold had been held for 1 year or less before the offsetting short position was entered into, the holding period for the gold begins on April 3, 2020, the date the straddle ended. Gain recognized on the sale of the gold will be treated as short-term capital gain.
+
+​
+
+**Workarounds**
+
+* Wheel in your Roth IRA/Traditional IRA/Individual 401(k). There are no tax implications, including wash sales, about which you need to be concerned
+* Only wheel securities you have held for at least a year
+* Hold securities for a year before wheeling
+* Only open covered calls that are >30DTE OTM (not =30DTE, as this is non-qualified), and:- Use any online calendar calculator to add 31 calendar days (not business/trading days)- Look at a calendar, add four weeks from today, then add three calendar days, for 31 days
+I'm interested in your philosophy about assignment while running The Wheel. I see a lot of posts here and on r/options where it seems like the intent is to get assigned on the first go, or at least to hold to expiration, and I would like to understand that better.
+
+I'm not against assignment, but it's kind of like winning second prize in the beauty contest to me.
+
+I worry about the opportunity cost for holding a full 60-45 DTE. I worry about the dark side of assignment: buying a loser. When I pay $20/share for something that is only worth $17/share, I know that's going to nag at me. I freely admit its psychological, since I can write covered calls at $20 forever and make bank, but if the underlying never gets close to $20 again, or worse, just continues to decline, I can't shake the feeling that I'm the sucker in this deal. At least until I've written enough covered calls to break even.
+
+What does not nag at me is a Wheel that keeps churning out 50% of max profit earlier than I expected. Given a choice between holding for 45 days and winning $100 vs. holding for 15 days and winning $50, and then another 15 days and another $50, and then another 15 days and another $50, I'll take the 50% bet every day and twice on Sunday.
+Let’s say I have $100 that I don’t need right away. What are some good ways to use it to earn a little extra money? What if it was $1000?
+
+I know it wouldn’t be a lot, and that proper investment could have better ROI. Just curious.
+If you’re on a standard variable tariff:
+
+The average unit price for dual fuel customers paying by direct debit will be limited to 34.0p/kWh for electricity and 10.3p/kWh for gas, inclusive of VAT, from 1 October.
+
+These unit prices have been passed to suppliers to ensure that they are used to calculate bills on time for 1 October.
+
+Energy suppliers will adjust standard variable tariffs automatically. Customers on standard variable tariffs do not need to take any action to get the benefits of this scheme.
+
+If you’re on a fixed tariff:
+
+If you’re on a fixed tariff at a higher rate caused by recent energy price rises, your unit prices will be reduced by 17p/kWh for electricity and 4.2p/kWh for gas.
+
+These unit prices have been passed to suppliers to ensure that they are used to calculate bills on time for 1 October.
+
+Energy suppliers will adjust fixed tariffs automatically. Customers on fixed tariffs do not need to take any action to get the benefits of this scheme.
+
+Standing charges:
+
+Average standing charges will remain in line with the levels set by Ofgem for the default tariff cap from 1 October, at 46p per day for electricity and 28p per day for gas, for a typical dual fuel customer paying by direct debit.
+
+
+
+https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022
+As the title says my wife went to the doctors office and they made her pay upfront the fee's about ~$500. I see that they sent these bills to her insurance company and have been paid out. They have been delaying giving a refund using multiple excuses. Need approval from manager, need doctor's approval, need to look into it , will call back today.. i havn't received any phone calls; and i've called them numerous times... what options do i have?
+
+Edit: thank you everyone. It seems I need to contact the insurance company and file a report to the BBB. Thanks again! And happy holidays.. My wife and I are thankful for the help! :)
+
+Edit#2: I will be calling the insurance company today. I'm sort of sad I didn't think of this for over a month and only dealt with their billing department. Thank you all! 
+
+Edit#3: called the doctors office threatening to call insurance. The next day they called me back saying they cut a check and it will be sent that day. Thank you all! Merry Christmas!
+So guys I am 15 and I am really interested in investing and earning money which is why i want to learn the right attitude and everything about this so I am ready once I grow older. My family is kind of in the middle class and I realized that if I want materialistic things like games (lol), I'm going to be the one that has to provide it for myself. It's not like that my mother doesn't give me the things I want, its just that I kind of feel bad. My parents are divorced and it is mostly my mother that provides for my sister and I(she is also helping with the financial needs of my grandmother)because when they were together she was the one that works while my father stayed home and took care of us. So when my mother left him because he cheated on her, my father didn't have anything to get money from. Right now he kind of has a small printing business which enables him to stand on his own feet.
+
+This the reason I can't wait to grow old and earn money so I could actually do what I want. I also want to help to improve my father's business and give my parents what they want. Sorry that I went way off topic guys, I hope this is allowed and won't get my post deleted haha.
+I don't think it matters, but for most people here, you're ahead of the pack. The site has net worth, income and countingor not counting primary residence.
+
+https://dqydj.com/net-worth-by-age-calculator-united-states/
+[https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/](https://www.reuters.com/markets/europe/futures-rise-easing-china-covid-curbs-lift-travel-leisure-stocks-2022-06-28/)
+
+ June 28 (Reuters) - Bank shares boosted the Dow Jones and the S&P 500 indexes on Tuesday as the big four lenders raised dividends following a stress test, but a sharp drop in consumer confidence brought to fore the risks from rising inflation. Wall Street's main indexes started the week on soft footing on worries of rising prices and an aggressive Federal Reserve dominated sentiment. Economic data remains at the forefront of investors' focus amid few market moving catalysts till the start of earnings season in two weeks.
+These are my thoughts and ramblings on why most traders fail to be successful in the market.
+
+**1. Holding for Unreasonable Profits**
+
+**2. Get Rich Quick**
+
+**3. Lack of Knowledge & Education**
+
+​
+
+**Holding for Unreasonable Profits**
+
+We see so much money flow in and out of the market and our accounts that the profits traders want to take are far greater than what they should be taking. This is especially true in the world of Options when people are up 70-100% on a single trade and continue to hold like it’s nothing. 
+
+We should be steadily taking profits out of the market or sliding it into safer investments for the long hold. Compounding this money is how people become wealthy. Don’t let yourself get bamboozled into holding out for 100% gainers.
+
+​
+
+**Get Rich Quick**
+
+People want shit loads of profit in a short amount of time but trading stocks shouldn’t be that sexy. In-fact the market should be boring with slow and steady growth made by calculated choices instead of hopping in and out of the next meme stock looking to triple or quadruple the original investment.
+
+The rich get richer because they are the smart money taking the dumb money. Most traders fail because they make a mistake. On the other end of that mistake is someone who was patiently waiting for that mistake to happen and then they reap the benefits and rewards.
+
+Don’t let your money get **taken**! #LiamNeeson #Ihaveaspecialsetofskills
+
+​
+
+**Lack of Knowledge & Education**
+
+Trading stocks has become readily available to more and more people through apps like Robinhood and Stocktwits. On the surface this is great because we are encouraging more and more people to think about investing in their future. The problem is 90% of these people don’t know what they’re doing. They either follow the guy who’s throwing up screenshots of epic gains or buying into the “I’m the most successful real money options trader on the planet,” guy stepping off “his” private jet. Looking at you Jeff!
+
+I’ve seen so many people blow up their accounts on these junky penny stocks holding out for that biopharmaceutical phase 3 trial approval. Or how about every trader who purchased HMNY at $30 bucks because MoviePass was going to revolutionize the industry.
+
+Doing extensive research and looking for the right opportunities instead of following the sheep can and will make you a better trader - even if you lose on the trade. We learn better when it’s our own mistake instead of suffering for someone else’s mistake. 
+
+So, lock down your profit, stop dreaming about the big overnight winners and ignore the hype. Doing these three things alone will make you a more successful trader. I promise.
+
+Good luck out there!
+
+@theinvestornaut 
+There's a lot you could say about that idiot savant Elon Musk.
+
+For a start, he wouldn't have the connections to be where he is without South Africa's apartheid system.
+
+None of his companies make any money. None! All told. He's a glorified charity project who became a billionaire by taking a loss-accruing, government subsidy-funded company public. Just imagine how broken the system is for something like this to be normalized!
+
+He likes to take credit for things other people did. He claims to this day with a straight face he founded Tesla! Anything he gets involved in, he wants to position himself as the supreme leader/technoking/imperator/dogfather... This is exactly what he wants out of crypto. To somehow centralize it under his leadership. He knows that would never fly with Bitcoin. So he's flexing his clout with dogshit.
+
+His fossil-fuel-hogging rocket company was built on the ludicrous premise that humans could somehow "colonize" uninhabitable worlds.
+
+Anyone who knows anything about astrophysics knows how moronic it is to think we could somehow terraform an artificial atmosphere and live on frickin' Mars, a planet with toxic soil and next to no gravity exponentially more prone to asteroid impacts than Earth for its proximity to the asteroid belt.
+
+[His gazillion plastic surgeries](https://preview.redd.it/buo76nqta7371.jpg?width=3000&format=pjpg&auto=webp&s=6f3aa1f4edebe3584ababadffdd4ad0f0963d2da)
+
+[His connection to Jeffrey Epstein's madam Ghislaine Maxwell](https://preview.redd.it/47k1dnnpa7371.jpg?width=634&format=pjpg&auto=webp&s=9c4cf871a3842f939ffc0eb816e4716698b492f2)
+
+**But forget all that. Let's just talk about his Bitcoin energy FUD. Why is he doing it?**
+
+Very simple. 2020 was the first time that Tesla made any money. How did they do that? By flogging carbon credits to European car-makers to the tune of 400-500 million dollars per quarter. Without this money, Tesla still wouldn't have a positive cash flow.
+
+[https:\/\/insideevs.com\/news\/438345\/tesla-428-million-carbon-credits-q2-2020\/](https://preview.redd.it/wrqwfqzqe7371.png?width=1022&format=png&auto=webp&s=64a47df78787f36e43045e09104c5802bab323f4)
+
+[https:\/\/thedriven.io\/2021\/05\/06\/teslas-carbon-credit-windfall-to-shrink-as-rival-car-makers-clean-up-their-act\/](https://preview.redd.it/rpe34l3kd7371.png?width=919&format=png&auto=webp&s=c411a3d4c3951c07a630cb221662d580a6914dbb)
+
+**Now with European car-makers decarbonizing, Tesla needs to create a new market for carbon credits - Bitcoin miners.**
+
+So when people ask how could they not have done their due diligence on Bitcoin mining before investing, **Tesla invested in Bitcoin precisely because they did their due diligence! They identified Bitcoin mining as the new market for flogging carbon credits.**
+
+[Bitcoin mining uses among the highest shares of renewable energy in the world](https://preview.redd.it/zkzjtknki7371.jpg?width=1280&format=pjpg&auto=webp&s=e6949baa1ce977ddec7791d24ddd2533a31d420f)
+
+Tesla invested in Bitcoin roughly the same amount of money they made last year selling carbon credits to show that they are taking a position and they now have a vested interest in Bitcoin. It's an investment to attain a semblance of authority over Bitcoin.
+
+Instead of just buying and then selling Bitcoin over energy FUD, because they're long on Bitcoin long-term, Tesla's FUD play was to pretend to accept Bitcoin for payments and then walk it back a month later over energy concerns AFTER selling a portion of their purchase to show a quarterly profit for Tesla.
+
+**Please do share this across social media so that everyone becomes wise to this chancing prick's cynical gambit which has already cost average folks billions of dollars.**
+
+**More importantly, please stop trading based on an individual's opinion about Bitcoin. EVERYBODY has an ulterior motive. EVERYBODY has a self-serving agenda.**
+
+**Don't trust anybody. Verify!**
+Hillary Clinton just said on a recent interview, one of the most bullish statements that I have ever heard about Cryptocurrencies especially Bitcoin
+
+*Quote:* "One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrencies – because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, **for destabilizing nations**, perhaps starting with small ones but going much larger."
+
+[Source of the Quote.](https://thecryptobasic.com/2021/11/19/hillary-clinton-says-crypto-could-devastate-many-country-economies-and-undermine-dollar-as-worlds-reserve-currency/)
+
+[Video of the Interview.](https://twitter.com/i/status/1461677237091115008)
+
+What does this mean, at least from my point of view. This it's just proof that crypto, it's putting the Fiat system to the test, and it's making noise to the people who have a huge stake at the current status quo of the financial structure that societies have been under, over decades now. Adam tracy also explains how the infrastructure bill is going to impact the crypto space here:  
+[https://youtu.be/I2989kkXfUQ](https://youtu.be/I2989kkXfUQ)
+
+And why is that? Why does crypto, and in my opinion specially Bitcoin, can disrupt so abruptly. It's mainly for the 5 services that money needs to provide to society in order to exist, and work for us as a medium of exchange.
+
+What are those 5 services that something has to have in order to become a currency?
+
+1.- Divisibility: Money needs to be divisible, it's a pretty obvious one, if you wan't to buy something expensive you won be carrying 2 trucks full of coins with you, you can just make bigger measures of money or smaller ones for cheap things like a can of soda.
+
+2.- Durability: It needs to be stand the proof of time, and I'm not talking about the agreement on a certain Fiat currency such as USD or EUR, I mean, if you store 5 apples in a bank they're going to be worth nothing in a few days (if you use apples for exchanging goods), but if you put coins, paper, or gold it will be there for a long, long time.
+
+3.- Recognizability: Each trading party can verify the authenticity of the money. Meaning that every transaction that I'm giving you money, you can be secure if it is real, by putting in into that light that reflects certain materials that they put into money, if it would be gold there are other ways to verify if it's real.
+
+4.- Portability: Pretty obvious one, you must be able to move it across time and space without problem.
+
+5.- Scarcity: This is the most important thing about money, and one of the best ways that crypto it's better than Fiat money ruled by Goverments. Scarcity occurs when the demand outstrips supply, so when there is a demand of a certain currency there will be a supply of that currency.
+
+Crypto, just makes the checkmark over these 5 services, and specially Scarcity. Why? Governments and the people who control the flow of currencies, **ALWAYS** takes advantage of the position where they are in, and just print more of that currency in order to have more for them, and less for everybody else, this is just human nature, and you can study a little bit of history and you will notice that this repeats over time on every society.
+
+In the case of Bitcoin, we just have supply of 21,000,000 coins, and no one can make more out of tin air like governments do, when they please. So Scarcity, it's the main advantage that crypto and bitcoin has over Fiat currencies.
+
+So if you ask me, for the reasons that I just gave, Hillary Clinton, just point out the fact that Crypto, it's making the work that we all expect it to be making over time, and it's doing it fast.
+
+Ps: This post was remake by myself, last one got deleted, for having no source.
+
+Also, In no shape or form this is a political attack on Hillary, it's just a perspective and speculation around the main reason on why Crypto was created.
+Does anyone just watch 1 or 2 stocks daily, and scalp utilizing the MACD(12,26,9) indicators only? I have been following a few and was wondering if anyone was profitable doing this. Mainly looking at 1-5 minute time frames.
+I've been renting on an apartment complex with 280 units. I have a 1 bedroom apartment and I pay close to $4000 a month. The startup I work for is having financial difficulties and I haven't been paid my last salary.
+
+I've been living in this apartment complex for the last 30 months. My lease was renewed in may 2015 for another year. Leases cannot be longer-term so every time I had to renew it increased 10-20%.
+
+Now that things are going south, I cannot afford living here anymore.
+
+I've paid this month's rent and turned my 30day notice but they presented me a lease addendum contract with 2 options:
+- pay $6500 right now to break the lease contract 
+- become liable for the rent (without being allowed to live in my unit) till someone rents it. 
+
+I don't have $6500 siting in my bank account and the alternative seems like a joke. They even have a clause that says that if they rent it below the price I'm paying I'm liable for the price difference till the end of my original lease (May 2016). There's no clause preventing them to raise the lease to a rate that no-one will be willing to rent it. 
+
+I didn't sign or agree to any of the options but they emailed me saying that if I don't pick one it will default to the second option.
+
+I'm moving back to my country in 2 weeks and the salaries there won't be even close to what I was making in SF. I  want to leave things in order but I have no clue what to do.
+
+Any advice would be greatly appreciated.
+
+
+Edit: thanks guys for the overwhelming response.
+I'll try to summarize the key points for people in similar situations.
+
+- if you have a reasonable landlord, discuss the issue ASAP. In my case, I'm sure if I had given a 60 or 90 day notice it would have been easier to find a new tenant by the time I leave.
+- if you are planning to break your lease, law is against you. Plan ahead and expect 2 months worth of rent as penalty.
+- do your best to line up a new tenant by the time you leave and work with your landlord to make it happen.
+- landlords are obligated to do everything possible to put your unit to market so you shouldn't get screwed deliberately if you are dealing with honest management. With that said, work with them and make sure your unit is being listed and keep an eye and get in touch often to see if it's getting rented or if you can do anything to help make it happen.
+- foreigners working in the US with a VISA might think about just leaving the country and forget what happened. Your debt might end up in the Civil court and you will be guilty by default. It will end up in your record and might backfire if you ever comeback to the US. Forget about working in the US. Visiting the US as a tourist might be also risky. Life is a long path and you never know where you are going to be in a few years but writing off a country like US forever to avoid terminating your lease in good faith seems extremely stupid.
+
+On a final note, everybody pays less rent than I  do. That's the price engineers pay in Silicon Valley to let you spend all day long on your phones using Google, Facebook, reddit, and what not. Enjoy it.
+
+From my understanding, you can trade as much as you want through TFSA account but there is a threshold for CRA that determines whether they should consider your transactions as business or personal hobby. Just wondering about people's experiences on this topic.
+
+To add clarity, when you have a huge amount of gains that's when CRA will audit to their benefit. If you're losing, they will not bother for their own interest.
+The fear and greed index is **on a scale of 0-100**, where 0 represents extreme fear, and 100 represents extreme greed on the market.
+
+Crypto Fear & Greed, is currently at 25, which puts us in the "Extreme Fear" category. Mind you, the last time we saw these levels were at the May crash. So what does this all mean?
+
+​
+
+Well... It means that there will be some great discounts on our favoroute coins! Like no- i'm not trying to inject anyone hopium or positivity or something. There \**probably* will be a huge dip and im ready to accumulate as much Crypto as I can!
+
+I lived the same thing with the May crash as well. Never understood why we call them \*Crash. Like, so negative for a huge wholesale discount...
+
+​
+
+Jokes aside, it would be no surprise if markets decide to take a deep dive for some time with the current indicators. When it does, simply get your Fiat, and pray the Crypto Gods that it won't dip further!
+
+​
+
+**EDIT:** Yep. After 10 hours of posting it markets crashed. Get those discounted Crypto everyone!
+Hi all, hope this is the right place for this. I left a job end of June, I was the only US employee for a decent sized IT reseller based in the UK. I was the only employee who was paid via the payroll company Paychex here in the US, I also had my 401k done through them.
+
+Across the almost 2 years I worked there, we had various problems with Paychex. Sometimes I think it was my employer, sometimes it was Paychex. But anyway, my 401k is about $17k shy of where it should be. My old employer ACH'd the money to Paychex about two weeks ago, there was an issue with Paychex pulling the money from my monthly pay but not transferring it to my account. So money's got backed up, and they had to do the transfer in bulk after I left.
+
+Now that the ACH transfer is done, Paychex keeps moving the goal posts on when they'll make the transfer to my retirement account. First it was 3-5 days, then after 7 days and a weekend it was 4 days, it's been another 6 since then. Paychex won't speak with me directly as I'm not the plan Admin. 
+
+I guess my question is, do I have any legal recourse with Paychex as a way to force their hand? My old company is definitely not innocent here, but they've proven they've sent the money and Paychex is dragging their heels.
+
+Sorry for all the words.
+On my long road back from self-induced financial woes (as Dave Ramsey would say, I've paid A LOT of stupid tax), I made a couple of things out to be priorities.  One of them that has helped me tremendously, that I know many others use, is having a "floor" number in my checking and savings accounts (i.e., a dollar amount that I will absolutely not go under, short of a catastrophic emergency).
+
+When I first started on the road to financial recovery about eight months ago, that number was $100, and it was really important to me.  No matter what, I wouldn't spend a dime if it meant I would go under that amount.  With work and time, it rose slowly: first $200, then $250, then to $500 (which was awesome), then $1,000 (which was unheard of!).  This took me four months.  
+
+In the last month, that number has climbed significantly (for this guy, anyway) because I'm doing the right things: I moved to a dirt cheap roommate situation, started using the bus almost exclusively (with Uber as an occasional treat), stopped all of my frivolous spending, picked up extra hours, took every labor gig I could find on Craigslist, etc.  My number amazingly hit $2,000 today!
+
+I can't believe I made it to that point.  Rent is paid for the month, there's food in the fridge, all of my other bills are accounted for in the next two paychecks.
+
+It's been a long road......tiresome, stressful and often disappointing.  But I've made it this far, and I'll keep fighting.  I just really wanted to share that here, because I'm someone who lurked for a long damn time before being able to step up and try to help others.  So, to those of you (who are many) that have helped in ways big and small, thank you and keep fighting!
+
+edit: Thanks for the love and support, people! That is exactly why I wanted to post this in the first place, to try to return some of the good vibes and encouragement I've gotten from this board and community over the last many months.  You guys are the best.
+THE RESULTS AREN’T IN YET…DON’T ASK…
+
+...Ok, now that that’s said…the official 2021 FI survey is now available and will remain open for responses until April 30. For those that are new here, this is a mostly-annual tradition for this sub. This post will be a bit long, so buckle up.
+
+***ALL RESPONSE DATA WILL BE RELEASED IN A SPREADSHEET TO THE SUB***. If you’re not comfortable with that, don’t take the survey. Whenever possible, identifying information (such as age) is obscured in ranges. The survey does not ask for location, username, email, or other unique information, so your privacy is reasonably protected.
+
+This survey asks for a lot of numbers. To completely fill it out, you will need to have the values of your investments, expenses, debt, and assets at hand, plus 2021 income and expenses. The expenses portion of the survey follows the Your Money or Your Life model, which includes *all* taxes as expenses. Savings are considered expenses for survey purposes as well. [Access the Preparation Spreadsheet](https://docs.google.com/spreadsheets/d/11gPB1PkqhJdhlyQstm4x5SgZ8749rc1D2B0tftEBhR8/edit?usp=sharing) to get your numbers ready first.
+
+**Survey Instructions**
+
+The survey will take 20-40 minutes to complete, depending on how prepared you are with your numbers.
+
+Enter all annual information for calendar year 2021. Enter all point in time data (like account balances) as of December 31, 2021 (or as close thereto as you can get). Enter all amounts in current dollars (or your native currency).
+
+Remember that personal finance is personal. Enter your numbers as you interpret them, personally. If you really get stuck, I will be watching this thread and answering interpretation questions as able. Because personal finance is personal, some buckets may not be precisely consistent with your personal buckets.
+
+The survey is long, and asks for a lot of information. You can save your progress at any time using the "save and continue later" option in the top right corner of the screen.
+
+You'll be asked for the cost of living in your location, using [this listing](https://www.numbeo.com/cost-of-living/rankings_current.jsp). If you're on mobile, you'll want to determine that first as clicking through to the index tends to take you out of the survey. If your location is not on the listing, use your best estimate based on the listing. 
+
+You can enter all "dollar" amounts in your native currency. Anywhere a question asks for "dollar" amounts, answer in your native currency. The survey will ask what currency you are using for your answers.
+
+Enter dollar amounts as a whole number, appropriately rounded. E.G. $32,594.56 is entered as 32595, with no commas.
+
+Enter percentages as a number, not a decimal. For example, 4% is entered as 4 (not .04), 20.5% is entered as 20.5 (not .205), etc.
+
+Symbols for dollars ($) and percentages (%) are not needed.
+
+The survey asks how many people contribute to your household finances, and thereafter your responses should include all assets, debt, etc. belonging to those people. You determine the number of people who contribute to your finances. If you indicate more than one contributor, you will be asked for demographic information for contributors 2 and 3 (it caps out at 3).
+
+Almost all questions are skippable; if a question does not apply to you or you haven't yet determined the answer, skip it.
+
+At the end of the survey, you will be asked for any comments on the survey. If you had issues with a question, please refer to it in your comments by the question number. Because the survey does not ask for identifying information, the survey team will not be able to follow up with you, so please be as specific as you can about the issue or difficulty you encountered. Please leave suggestions for next year in the survey itself (not on this thread, it's much easier to keep track of them in the survey responses) and be specific with your issue and solution. Comments like "there has to be a better way to ask this" are not helpful - if you want it asked a "better" way, you need to suggest a better way.
+
+**Now that you’ve read all that…**
+
+[Here's the survey link!](https://survey.zohopublic.com/zs/ziCzOg)
+  I don't get it. The interest rate is 1.5%, yet this Bloomberg article says:
+
+U.S. Treasury bills lived up to their reputation as the safest, most even-keeled asset of all, earning risk-adjusted returns of almost 20 percent --
+
+[https://www.bloomberg.com/news/articles/2018-11-23/hunger-games-market-has-just-one-champion-as-2018-limps-to-end](https://www.bloomberg.com/news/articles/2018-11-23/hunger-games-market-has-just-one-champion-as-2018-limps-to-end)
+
+What am I missing? And more importantly, how do I make that?
+**DFV came to a realization !**
+
+Okay, so I think *i figured something out*. Hear me out here, this post contains a **lot of speculation** and you should treat my  worked out interpretation as a hypothesis. Importantly, I've got some wrinkles but none of which are specialized in the US stock market/finance. So please correct me if I make any wrongful assumptions along the way or if my reasoning is flawed for some reason.
+
+**Update**: made some changes as to clarify some points, nuance some exaggerations and stress another point. So first of, this is an interpretation of a tweet and in *no way* a statement on what DFV should do, that is completely up to him of course! Secondly, apes are on a spectrum when it comes to altruism: some of us are really motivated to help others and make some changes, others just want a lot of tendies for themselves. Both is fine, this post is not meant to spark a discussion with regard to that. Apes should do with their money as they please, as long as they do not hurt others in the process, imo. 
+
+​
+
+[DFV came to a realisation](https://preview.redd.it/669fhntgtg371.png?width=1920&format=png&auto=webp&s=e80b579f5287693f25f9a9d0d1c26aaad358af92)
+
+**When I saw this** [**tweet**](https://twitter.com/TheRoaringKitty/status/1400124740291923968) **I went bananas. To me it appears that DFV is telling us: I will not join the race. Ergo, he will not be selling his shares during the MOASS. Which of course will have massive consequences since he will literally hold a tiny infinity pool. How big is this pool? About 200k shares, or maybe it's bigger...**
+
+Why? Because this is not (anymore) about money, this is a moral battle between right and wrong. This sub has put amazing effort into exposing unethical stock market activity. And I believe DFV stand to loose nothing if he will not sell most of his shares. I'll explain that in a bit.
+
+So first let me state my **theory**, I'll be using the Matrix installment as to simplify some things and just because it makes for an awesome comparison: Michael Burry is our *Morpheus*, DFV is our *Neo* and lets say RC is *Trinity*. I'll keep it short, don't worry. Take the January crash as one of the final scenes of the first matrix movie; Neo got shot down, resurrected because he now fully believed and understood he was in the matrix (a simulated reality) and could not die. The crash was a simulation, DFV stopped the 'bullets' (did not sell) by understanding this crash (death) was not real. He showed us and took away some of our final doubts during the congressional hearing, now apes could start believing again: understanding the simulation and not fearing death (stock price imploding) inspiring us and giving us the confidence to buy and hold (sure some were already transformed). Basically he bent the spoon for us to see (there is no decrease in value of the stock price, the price is not real just as the spoon is not). He became our immortal protector. In addition, informing us that he was not a cat, the guy is so *factual,* Love it. Note, this is not hero worshiping but merely meant as a fun comparison!
+
+**Buying those dips!** Now this is very speculative, what if DFV is **helped** the whales to ensure the max pain levels by continuously buying dips. In doing so, only adding to the infinity pool (or puddle) he decided to create. Since the creation of such a pool implies absolute death for the short sellers. This might explain why DFV uploaded a final overview of his Yolo bet, not exposing his new amount of shares. As u/Spirited_Squash_1535 pointed out, DFV tweet about the 'president' on the phone saying 'he did it again' suggest he again doubled down. At this point where in the second matrix movie, Morpheus gives his epic speech, telling us were are still here (still holidng!) while Neo and Trinity are *making sweet love* upstairs in some sort of cave room (DFV & RC are loyal to the same cause). Why do I assume he might be creating an infinity pool/puddle, ergo not selling? Look at how that tweets ends, Parzival (?) (who represent DFV who is back again (i.e. active on twitter)) does not join the race after GME gains traction and we go all green.
+
+​
+
+​
+
+[​ GME Rocket fully fueled\/pumped up\/ready for ignition. ](https://preview.redd.it/m6srs5qutg371.png?width=1920&format=png&auto=webp&s=a6ece15ccb89764cfd1ece689e2a3a715b1454cc)
+
+​
+
+[ MOASS GOING DOWN](https://preview.redd.it/ndm9s1xlug371.jpg?width=1920&format=pjpg&auto=webp&s=aae5a57c8626061753fc94c1da5cf31b261fce10)
+
+​
+
+[DFV not participating in the race, ergo Holding Godlike during the MOASS.](https://preview.redd.it/6oftzjkqug371.jpg?width=1920&format=pjpg&auto=webp&s=bbd55d9e370ef38950ec5c21494523088d0b9922)
+
+Now for those of you who think you should include details of the rest of this movie; I'm not sure about that. I think you should look at the selected elements in the context of our battle and try to understand what is being communicated here. Just like the Austin Powers tweet also does not imply DFV is a unfrozen British spy or needs a penis pump; Fucking is his middle name (D**F**V), and he's gonna fuck over some hedgies big time, *yeah baby*!
+
+​
+
+[Don't EVER press the GME Sales button. ](https://preview.redd.it/3vz1xd924m371.jpg?width=1704&format=pjpg&auto=webp&s=eab345f4a42a275b0b939b0da279a24429872250)
+
+I like to thank u/ [midway4669](https://www.reddit.com/user/midway4669/) for pointing out that the MIB tweet signals the same: ***don't ever*** press that red GME sales button. Excellent addition to this narrative! And note that 'ever' is emphasized in this [tweet](https://twitter.com/TheRoaringKitty/status/1400863669895024643) since it is the only moving word. 
+
+Figure out for yourself how a creation of such a pool in this situation would almost certainly ensure all the apes **banking big time**. It inspires apes to hold strong, since a big part of the float can not be bought back as to cover shorts. Who of us is not going to reinvest part of the earned money back into GME, who of us is not going to be a life long loyal GME customer, who of us is not willing to donate part of his money to DFV? Point being: there is almost no financial risk for him to do so. Furthermore, like I said, this is a moral battle: for many of us it is not about the money but its about rebelling against these unfair practices. And yes, we get rich while doing so, let just call that karma. Plus, I believe DFV might work for GME in the future, as their technical annalist. With the Moass going down, all the media attention and the GameStop transformation that has been started our shares *currently* valued around an average of $200 \~ 250 will be worth way more in a few years. Thus, holding that infinity pool might not be risky at all but might be the most simple elegant 5D chess move one can make, since it will ensure the destruction of the Hedgies that over (naked) shorted GME and the stocks have *deep fucking value* to begin with.
+
+​
+
+[Agent Smith as metaphor for a out of control program harmful to the simulation. Smith naked shorting everybody for his own gains, hence the copies of him in the background ;p](https://preview.redd.it/cvi355o1vg371.jpg?width=1200&format=pjpg&auto=webp&s=67f5ced456f046da58a36df1b5b872a43824f760)
+
+This holding of the infinity pool compares to the final battle in the Matrix. The Matrix (AI) realizes that one of its programs (agent Smith) is out of control and a danger to the whole system. The Matrix being our society/economy/SEC, agent Smith being out of control Hedgies like Citadel, DFV as Neo our hero that dares to battle this program as to destroy it and fix the simulation (our economy/stock market/GME) for *all the other apes*. You, I, and our fellow apes represent the awaken humans joining the battle from Zion. That is to say we are aware of the simulation (the shorting & fuckery) as well and are part of *the force of the army of holders*.
+
+========================================================================
+
+Just some food for thought. If you do not agree with me, I really like to hear how you interpret the tweet. What does it mean according to you? One thing I'm **absolutely sure** about: these tweets are not random, are meant to inform us about the process and thus this one as well has a message. So why communicate "you have figured something out" followed by not participating in the race. Additionally, If DFV used his account as to create an infinity pool, it would make sense that he no longer updates his Yolo bet since that information is very important to the enemy.
+
+So when I saw his tweet I went "Holy shit, he is going to 'sacrifice' his shares as to ensure the destruction of the hedgies". And think about it, I would do so to myself: a few millions is enough to enjoy life to the fullest. *nobody needs* to be a billionaire. But becoming a legend, fostering the progression of society/humanity, helping your fellow apes, gaining super hero status and ending up in the fucking history books is **priceless**. That's the real deep fucking value in my opinion, absolute changes of the markets as to achieve a more fair distribution of wealth and a better working of the economy. We know how harmful naked short practices can be, how it impairs progression, that is the real loss in my opinion.
+
+**TL;DR:** What if DFV has become the infinity pool and will not sell during the Moass as to ensure the destruction of the evil Hedgies. Great strategic move with which we stand to gain a lot and imo not risk to loose anything.
+
+​
+
+https://preview.redd.it/xj3h6r5fwg371.png?width=853&format=png&auto=webp&s=5a9af51917f71a81e4811fa3011d0f3658d8cb26
+
+[Smith offering DFV Neo a massive amount of naked short shares. Shouldn't have done that.](https://static.wikia.nocookie.net/matrix/images/a/aa/Showdown_in_Mega_City_End.png/revision/latest?cb=20130724010412)
+
+​
+
+https://preview.redd.it/o7q79y8lwg371.png?width=338&format=png&auto=webp&s=218e580d617bb44960a0a8b0c5833b7948fa4e0b
+
+[Leading to the destruction of all the naked shorts and the program (i.e. Smith as the Hedgies standing for naked shorting).](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQo9ByrnLSSwIiN6XB-CaLMhe2EJtodhzSCZNiUsZKOR5D2YHJPOogAs23bIfoXpgGkPaM&usqp=CAU)
+
+# 💎💎💎🤲🤲🤲🦍🦍🦍🚀🚀🚀
+
+Logged into Reddit for the first time on my laptop as to make this post. Needed to include those awesome pictures. Will add the obligatory rockets in a bit on my phone ;p.
+
+Furthermore, for younger apes who do not know the Matrix movies. Go watch em, one of the best series of movies ever to have been created with a lot of philosophical messages.
+
+I said it before: *life is* ***stranger*** *than* ***fiction***. You all have been experiencing this so far. But shit is about to get way more crazier, be ready for it and mentally prepare yourself for what is to come.
+
+My final note, as to end things in style:
+
+​
+
+[Know you are a Diamond Handed Badass on the Right side of history about to kick some hedgie ass. The experience of FUD is normal, everybody fails to first jump, even Neo. But by now you've been  hardened: you've seen enough spoons bending to be aware of the simulation. You know the value of your stocks. DFV, our hero, our savior. To the moon my friends](https://preview.redd.it/dcw64066wg371.png?width=600&format=png&auto=webp&s=171df7927963245ddaba7a3f41240c7e34924243)
+
+==========================================================================
+
+EDIT 1: Originally I also speculated on a potential capital injections so that DFV would have had more firepower. I recognize that this point was way to speculative and many apes point out that this is not necessary.  Furthermore, fellow apes found this unlikely and pointed out that it might be deemed to be insider trading. Thus being the great hive mind we are I decided to adjust this. Thanks to u/RelationshipPurple77!
+
+EDIT 2: Try to fix most of the images so that they're shown.
+
+EDIT 3: added the MIB tweet + some clarifications and adjusted edit 1 to be a bit more clear and not step on anybody toes. Originally I also referred to DFV as a whale, that of course also is an exaggeration. Let me call this beautiful bastard an Octopus, since those are one of the most intelligent sea creatures we know of. 
+Algotrader started off as an open-source project governed by GPL. Then one day they attempted to go closed-source.
+
+https://web.archive.org/web/20141223232841/https://code.google.com/p/algo-trader/
+
+Now they are filing false and illegitimate DMCA notices against all publicly hosted repos that contain their original open source project.
+
+https://github.com/github/dmca/blob/master/2016/2016-01-20-AlgoTrader.md
+
+https://github.com/github/dmca/blob/master/2016/2016-01-15-AlgoTrader.md
+
+
+
+and here is someone with balls:
+
+https://github.com/github/dmca/blob/master/2016/2016-01-21-AlgoTrader-CounterNotice.md
+
+
+
+
+Hi,
+
+I am referring to this paper here: [Equity Factors: To Short Or Not To Short That Is The Question](https://www.cfm.fr/assets/Uploads/Equity-Factors-To-Short-Or-Not-To-Short-That-Is-The-Question.pdf). While the conclusion of the paper is quite easy to understand, the reasoning and the maths is not as easy to understand since I am quite rusty.
+
+I am guessing this is a branch of Linear Algebra but wanted to make sure before I go about taking a maths course. Last thing I want to do is take a WRONG maths course.
+So I have been waiting to get paid to invest in ether as I will have "extra" money. I knew Devcon2 might cause an increase in the price, but did not have my money yet. I am doing long-term investing rather than the short term, so buying and waiting for 1-3 years. I was OK with the price being $11.5-$11.8, but now it is almost $13 and maybe even $14 in 4-6 days.Should I buy now or wait for it to drop down? I'm afraid it might go up to $14.18 like Jul 22 and drop down to 10.04 like on Aug 02.  It might even go up and stabilize at an upper price, so not really sure. 
+
+* Edit: Got paid and bought them at 13.00 and now they are almost 13.50! Have no regrets and thanks everybody for the advice!
+* Edit 9/20/2016: Ether is 14.00 now.
+
+
+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!
+
+Inexperienced investor here. I am sure there will be a range of opinions based on different investing goals and that is what I am interesting in seeing from folks on this subreddit. 
+
+Suppose you have 100K to use towards the purchases of SFHs intended to be used solely as rentals over 5-10 years or longer. I get the idea of spreading money around to buy as many homes as possible (say, 20% each for 5 homes, as seen elsewhere on this subreddit). And I will need to do at least 20% since I already have a mortgage on my primary residence. By the time debt service and other expenses are factored in, the going monthly rental rates in my area will give about $300/month free cash flow.  But, of course, a bigger downpayment generates more free cash flow because there is less debt to service. 
+
+My question is what metrics or considerations do you use to decide how much to put down towards a house? Are you simply trying to maximize the number of properties with a given amount of money? 
+At a glance, owning multi-family properties seems more intuitive than multiple SFH. There would be fewer lawns to mow, roofs to repair, snow covered driveways to clear, etc. Where I intend to invest, SFHs sell for 180k (class C) to 350k (class A). Whereas a typical fourplex sells for 450k (class C) to 800k (class A). Similarly, a typical eightplex or larger goes for 800k+.
+
+Purchasing several low end SFH might be cheaper at face value, but after renovations and cost of maintaining several buildings, wouldn't it be cheaper to just go for a multi-family building instead?
+
+I (somewhat ignorantly) *assume* an investor might prefer a SFH when:
+
+* They expect property value to appreciate.
+* They expect to rent out to Airbnb in popular vacation destinations.
+* They're just getting started / don't have the capital to purchase larger buildings.
+* The properties are close to the investor's primary residence.
+
+For those of you who primarily invest in SFH, what class of properties do you invest in and why do you choose them over multi-family?
+I bought a C-class 8 unit apartment around 10 months ago for $220,000. The place had vacancy issues and was in pretty rough shape.
+
+I renovated 6 units as the MtM tenants turned over, and put on a new roof along with a few other "ugly money" upgrades. All told I put in another $70,000.
+
+Due to the renovations, I was able to raise the rents by around $100-150 per unit per month, and I improved occupancy to 100%.
+
+My proforma indicates the property should now be worth around $385,000 at a 7.5 cap (which is conservative for my area).
+
+So all told, I believe I have around $205,000 of equity in the deal.
+
+I'd like to take advantage of lower rates, and refi some of my cash out.
+
+Here's my concern-- the property doesn't have an impressive P&L right now. In fact, I'm showing a pretty massive loss for 2019 and 2020 due to vacancy and renovations. Is this going to count against me? Do I need to be able to show stable income for a period of time? If so, how long of a "seasoning" period will most banks need?
+
+How will the banks' appraisers determine the value? Will appraisers project income into the future based on the rent roll as it currently stands and assign a factor for expenses... will they use the actual expenses of the property? Will they understand that some of the repairs/ renovations (that were coded as operating expenses for tax purposes) are non-recurring?
+
+​
+
+Any insights?
+
+Thanks!
+(Im not sure if this is the correct community to post this in and Im sorry if Im wrong) I just started a new job, I don’t get paid until next month and I have serious bills that are needed to be paid. (Rent,Lights, etc.) I had a job prior but they only gave paper checks that I had to cash out the same day to pay other bills so I didn’t do mobile deposit because of course it’s next day. My credit is fair and every loan I applied to denies me because I’m a new hire. Does anyone know who I can reach out to for a loan ? I literally started 3 days ago and I need to pay my bills. It’s been rough lately, prior job was family owned and was a very racist toxic environment. Pay wasn’t even good to begin with and it was a struggle to balance food, bills, and gas for me and my wife. Im lost at the moment and I don’t know what I can do. I have WF but they won’t offer me anything :/ any advice would be really appreciated.
+Hi everyone. 
+
+As the title states I was laid off about two months ago. I had a company provided 401k that is fully vested. I received a letter stating my options for this account: 
+
+- keep in plan if over 5K by 6/17. 
+- roll into rollover IRA. 
+- roll into new employer retirement. 
+- take lump some cash. 
+- select installment/annuity. 
+
+Okay so a couple more things to note: 
+
+- I can’t roll over into new employer retirement as I am still unemployed. 
+- I do not need lump sum cash as we can live financially off of my wife’s income. 
+- the letter also says I’ll incur a fee if I keep in plan but does not say how much. 
+
+The only debt I have is school loans—I have utilized my severance and gift of my wife’s profession to pay off all my debt (credit cards and private school loans as she can handle mortgage/car/utilities/etc.) and seeing my credit score move up has got me to be excited about money more than ever.  
+
+At any rate, what is the best option? Is there a way to take lump sum and put else where not listed in their options from the letter? 
+
+Thank you for taking the time to assist me and I’m here to learn!
+Hi everyone! My partner and I & our 3 doggies are ready to buy a house. Unfortunately, neither of us has much understanding of money management. Any & all advice would be helpful!
+
+We aren’t married yet & my stepdad warned against us putting our bank accounts together, until we are married. We plan to get married next July— thoughts on this?
+
+Some details:
+
+-We both have credit cards & work hard to keep those paid off.
+
+-He has a car payment
+
+Thank you all in advance!! :)
+I can (barely) afford my daughter's tuition in a private secondary school. But should I? Alternatively, I can put this money towards pension and better wellbeing of the family.
+
+Is there any definitive data on how much private schools affect person's future income?
+I was hoping with the premium collected I’d be able to purchase more TSLA or other stock but I’m actually under what I could have achieved had I just bought TSLA stock.
+
+Maybe my timing has just been unfortunate missing out on some gains and always playing catch up. What general things can I do or look out for to improve or optimize my strategy?
+We have a problem. We now have a small group of core devs who are now developing an altcoin under the guise that it is still bitcoin.
+
+[This](https://medium.com/@sdaftuar/how-the-bitcoin-experiment-might-fail-7f6c24f99ecf) is what it has got to. A bunch of unsubstantiated opinions and logical fallacies with the sole intent of creating FUD.
+
+Lets go through and dissect this.
+
+>Gavin Andresen has been advocating strongly that Bitcoin’s blocks need to be permitted to be much larger.
+Earlier this year, he announced plans to release code that implements larger block sizes via a “hard fork” — a non-backwards-compatible change — against the wishes of most other Bitcoin Core developers, and encourage miners and merchants to adopt his code. 
+
+This makes it seem like people are not asking for this change, which they are.
+
+>Yesterday, he released a draft BIP, a proposal for how the protocol should change, along with draft code that implements his proposal. But even if one agrees with Gavin’s vision for what the technical features of Bitcoin ought to be, his proposal is an irresponsibly risky path forward. 
+
+If everyone agrees, how is it irresponsible?
+
+>This has nothing to do with what block sizes should be, but instead about Bitcoin’s much greater experiment: in the absence of a central authority, can people come to agreement on what money to use?
+
+Here we see they try and move the goal post to try and say the debate is actually not about block size limit (since they already lost debate before it started).
+
+>It’s useful to step back and think about why anyone might ascribe any value at all to a virtual currency. There are certainly many technical features a currency must have to be a candidate for being worth anything (if you can’t transact it, or if there’s no way to secure it, or there is an infinite amount of it, it’s probably not very useful). But looking past the technical issues, the more fundamental test you’d apply when deciding whether to use a given coin as money is whether you think everyone else will treat it as money too. In particular, if at some point in the future you worried that what you thought was money was not actually considered money by others, then you would probably choose something else to be a store of value.
+
+He is trying to insinuate that bitcoin with a larger block size limit will be worthless. No evidence of course.
+
+> This is the most important lens through which we should view Gavin’s proposal. If you have a money that other people accept, under what circumstances should you change it to be a different, new money? That is exactly what a hard fork entails: Gavin is asking 75% of miners to switch to a new currency with new and different properties. If they do so, then they will trigger a permanent change to the consensus rules for those running Gavin’s software. The idea is that if everyone goes along with it and changes their software to match, then we can still call it Bitcoin, and the lack of backwards compatibility is a non-issue (since no one will be around running incompatible code).
+
+>So why might everyone switch to a new currency? One reason is if the current one is clearly broken — something like the March 2013 fork, where a latent bug in the reference implementation caused the network to split. In that situation, it was clear to everyone there was a problem, and running software that is buggy was clearly not in anyone’s interest (whether or not others kept running the buggy software). If a hard fork is required to make your money have any utility at all, you’re likely to choose to do it (as long as you believe your solution is the same one everyone else will be deploying!).
+
+>But if what you’re using isn’t clearly broken or if there are multiple incompatible choices of code to use to implement a bug fix, the decision is much more difficult. 
+Somehow you have to coordinate your actions with everyone else. And what if there are dissenters? Is it worth risking splitting the network in two (or more)? Under what circumstances is that risk worth taking? Naively, we might reason that a majority in favor of a given hard-fork proposal might refrain from advancing it if they believe there’s a meaningful minority opposed to it, because splitting the network makes the currency less valuable for everyone. 
+
+Bitcoin is broken though. It's just that a problem has not arisen from it yet. It can be likened to a tooth on a gear in a large complex machine being broken. The machine works perfectly until that tooth is needed and then it stops working properly. Just because we haven't got to that tooth yet doesn't mean the machine doesn't need fixing.
+
+>However, the majority might employ some game theory of their own, and reason that if there are enough of them, then perhaps the minority will feel coerced into going along with a change, because the minority risks the same downsides to splitting the network that the majority does. By proposing a miner vote with a 75% trigger to hard fork the network, Gavin’s proposal is a big game of chicken — with no good outcome for anyone.
+
+This is completely opinion. It is my opinion that not changing the protocol because of an extreme minority is an even larger problem for bitcoin. This is what I would call 'real centralisation' rather than the completely ludicrous meaning of centralisation you come up with later on.
+
+>I think this is the existential question for Bitcoin (or any other decentralized digital currency). If splitting the network in two is an easy thing for a majority to decide to do in the face of obvious opposition, then each of us must worry that we might someday be on the wrong side of a future split. Equally, one could interpret such an outcome differently: if Bitcoin’s network can split because there exists some person or people who are able to change the currency against the wishes of others, then perhaps it’s incorrect to think of it as lacking a central authority.
+
+This is such a stupid way of framing this I don't even know where to begin. Firstly, the very fact that this argument has been going on for YEARS now shows that it is the opposite of "easy". You seem to have just swapped the word "possible" with "easy". 
+"if Bitcoin’s **original concept and functionality** can be co opted because there exists some person or people who are able to change the currency against the wishes of others, then perhaps it’s incorrect to think of it as lacking a central authority." FTFY
+
+>Taking either of these interpretations to their logical conclusion suggests that Bitcoin would be an essentially failed experiment. Because however you look at it, it would make much more sense to trust a known authority to run your digital currency (whether that’s a company or a government): many of the technical advantages of Bitcoin could remain and, indeed, future improvements could be more efficient to deploy, if we could jettison the technical baggage that comes from working on a decentralized currency. Of course, you also lose whatever hope you might have had that Bitcoin would be better than any currency backed by a central authority. Still, there could be something beneficial to society even in this case, and maybe Bitcoin could morph into a much better version of Paypal or Visa, and maybe that’s the local maximum that Gavin’s path forward could lead to. This may even be a net win for society compared with the status quo; however it would be an obviously disappointing outcome for many who have different, longer-term aspirations for the technology.
+
+This argument is literally "central authority = vast majority of bitcoin miners, community and nodes deciding for themselves rather than a very small group of specific devs". 
+
+>It’s fair to ask, if 75% of miners voting on what the hard fork should be is a bad idea, then what is a better trigger? This is a central challenge with hard forking changes to Bitcoin — I don’t think anyone knows the answer to that question. Pieter Wuille brought up this topic on the bitcoin-development mailing list and pointed out that any trigger using miner voting as a component should have a 100% threshold for the vote, because the whole point is that hard forks should not happen before everyone has had a chance to upgrade, so if some miners clearly haven’t upgraded their software, then it’s risky to change consensus while blocks may still be mined on the deprecated chain (which could cause confusion for users who haven’t upgraded). I think that is a reasonable point of view, and Gavin’s response to that appears to be (from the draft BIP):
+
+Sure, so a single person can decide on what the decision is for the entire bitcoin network. What was that about "centralisation" again?
+
+>This statement leaves me wondering whether an increase in mining centralization might cause Gavin or others, when proposing a future hard fork, to reduce this trigger down further? Could a 60% miner vote be appropriate the next time someone presses for a hard fork if there’s a 38% hash-rate mining pool in existence?
+
+100% baseless conjecture. "What if next time Gavin wants to add in a contract that allows him to eat your first born child?"
+
+>The problem is more complex than this, because miners shouldn’t want to vote in favor of a hard fork if they don’t believe that users will want to switch. But we also don’t have a great way of knowing what code users want to be running
+
+I call this the "we can't know anything" argument. It is used when something that it is pretty self evident cannot be proved as a 100% fact.
+
+>(users themselves are likely not aware of the technical details that go into Bitcoin, and so sensibly rely on the advice of technical experts to decide what software is worth running).
+
+What he is saying he is "even if users do want a larger block size limit, they are all too stupid to decide". Which is obviously completely ignorant to that fact that a large percentage of the bitcoin community have been around for a while and in fact DO understand a lot about the technical details of bitcoin.
+
+>Still, miners shouldn’t want to trigger a hard fork unless there is obviously no meaningful dissent, for the reasons above — and surely a 24.99% hash power mining operation represents significant risk of the network splitting in a meaningful way.
+
+Maybe. So discuss the merits of **realistic** alternatives to the threshold rather than attempting to make the fork more contentious.
+
+>And that is not taking into account the already clear dissent from the people who are most expert in the field. Under some circumstances it may be difficult to tell whether there is unanimity or near-unanimity amongst people that a particular change to Bitcoin may be a good idea (say, to fix a known bug), but this isn’t one of those situations.
+
+Actually it has been pretty clear we have moved a lot closer to consensus within the technical community of bitcoin in the past weeks. The only dissent that is left is from people who are refusing to budge an inch. Screaming for 100% consensus while refusing to budge an inch is logically the equivalent of saying **"do what I say"**.
+
+>However, Gavin has a high profile, and as the technical leader of the project until last year, many still view him as the face of Bitcoin. He may have the power to sway users, merchants, and miners to go along with his code change against the advice of the other technical leaders. I urge rejection of consensus code changes that have not been accepted into Bitcoin Core, and in particular I would urge rejection of Gavin’s proposed code.
+
+People support Gavin not because he is the face of bitcoin but because he has actually made excellent well thought out arguments on all different levels; technical, economic and conceptual. He was worked to make a fair compromise which takes everyones opinions into account (other than people who are not working towards anything) while still trying to progress bitcoin as it was originally intended.
+
+This is contrary to yourself who has not provided a single relevant, technical argument and has only provide extremely weak logical arguments.
+
+>Much of the block size debate has been about technical tradeoffs, and especially concerns about scaling versus decentralization. 
+
+This is the only technical argument I have ever heard from you and it is based on the false dilemma fallacy that;
+
+Block Size Limit > 1MB = 100% centralisation
+
+OR
+
+Block Size Limit > 1MB = more centralisation
+
+The first argument is obviously false. The second argument is less obviously false. It is likely that running a node requiring extra resources could decrease the **percentage** of nodes from users, but allowing bitcoin to scale will increase the number of users and therefore increase the **number** of nodes. At best this isn't an argument for either side since it's just speculation.
+
+>Virtually everyone working on the project appears to believe it is important and valuable to figure out how to scale the network’s capacity, but there are differing opinions about how to go about it. I expect we’ll see technical consensus ultimately reached about deploying a different solution to increase block sizes, to give us a way forward with a much lower risk of splitting the network. But whether or not you agree with Gavin’s technical view on block sizes, the philosophy behind decentralized currencies is fundamentally incompatible with deploying his code in the way that he proposes.
+
+Again, this is the "my way or the highway" approach.
+
+I originally thought that these devs were well intentioned. After reading this (and all the other posts), without seeing a single valuable argument against raising the block size limit, I have come to the conclusion that there are specifically deployed FUD tactics at hand to prevent or delay it from happening to turn bitcoin into the vision that they have for it. Back to my original point; these two devs /nullc and /adam3us plus a handful of what I call "helpers" are purposely trying to spread Fear, Uncertainty and Doubt. These are not intelligent or logical arguments even though they are coming from intelligent and logical people. The tactic is to call for 100% consensus while at the same time trying to create as much contention as possible, for example using the title "**How the Bitcoin experiment might fail**".
+
+What these people want is for users to solely rely on the lightning network and for bitcoin to become inaccessible to the average user. They will try to delay and prevent bitcoin being upgraded as long as possible and as soon bitcoin starts to reach it's transaction limit they will then use this to accelerate development of the lightning network and say that it is the only option. This is the reason why they are calling for the lightning network to be implemented first than the block size limit increase, because it would not be as successful if it was released afterwards. If you don't believe this what they want bitcoin to become as soon as possible, ask them.
+
+I tried to post this on /u/rensole's thread but the stupid automod kept deleting it because it was too long.
+
+The part about the share recall is wrong. When you lend a share you more or less don't actually own it [1]. Shares are considered beneficially owned for the purpose of the shareholder meeting if they're owned by the record date [2]. Whoever owns the shares by the record date (4/15) has the right to vote [3]. If a share recall was to occur, they have already done so.
+
+This makes sense because consider the following: If I lend my share out and a short seller sells it on the open market, it would be a double vote (for 1 share) if both me *and* the person who bought the share on the open market had the right to vote; only one of us gets to vote for that individual share [4]. The only way one could have the ability to vote is to actually own the shares, which would have been done via a recall (or never lended at all), which must have been done by 4/15.
+
+
+[1] *This is because your share is sold on the open market when it's sold short. The owner of your shares is whoever bought the share sold short.*
+
+[2] *"Whoever owns the shares on the record date, whether that be the initial investor or the investor that bought the shares on the open market, is the one who has voting rights." - Investopedia*
+
+[3] *"Depending on who has the shares during the record date, that person gets the voting right. So if the loaned-out shares are not returned to the original owner by the record date, they do not get voting rights, only the investor that bought the shares when they were loaned out from an investor's margin account for the short sale does. Again, this is part of the margin account agreement." - Investopedia, Fidelity*
+
+[4] *To make things simpler, imagine there is only one share in the world, and I hold it. I decide to lend it to a short seller who sells it to you on the open market. Now you own the share. If I do not call it back by the record date, you have the one vote in the world, but if I do call it back, the short purchases the share back from you, and now I own the one vote in the world. If shares lended out still counted as a vote, then both you AND I have a vote, leading to 2 total votes in a world of one share.*
+
+Sources: 
+
+Investopedia : https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp
+
+Fidelity: https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting
+
+---------------------------------
+
+Additionally:
+
+I've discussed this a lot on this subreddit and I have gotten in many a debate about it. Let me clear some things up:
+
+*"That only applies to margin accounts."* - Short selling requires a margin account.
+
+*"The actual rule is 10 days."* - No, the 10 day rule is talking about how soon the record date could be placed, not about when to recall shares.
+
+*"You just have to own the shares by the record date."* - When your shares are lent out, you no longer own them. That's why you can lose shares if they're lent out and a borrower defaults. That's why share borrowing doesn't create extra ownership in the system.
+
+*"Why haven't we seen crazy price action yet? Is squeeze dead?"* - No, the thesis still remains. **All shorts must cover.**  I do not know why we haven't seen any crazy price action. Maybe BlackRock recalled (only 9M shares though have voting power, which is 5M less than the 14M I saw on FINRA/Morningstar) weeks before and they just delivered over time. Maybe they used borrowed shares from ETFs. Maybe they didn't lend at all. Who knows!
+
+I leave you with this fun idea: **What happens when Gamestop receives ~200M (just a guess) proxy votes, despite having only 72M (or whatever it is) shares outstanding?**
+
+**~~I believe that there is a chance that Cohen and the gang know that this will happen, and are *counting* on it as well. If such a scenario were to arise (and this is towards the end of my knowledge, maybe someone else can share their wrinkles) a share *audit* would occur, which would force a calling back of shares like a *fucking tidal wave.~~* [Could that be why Cohen and the gang are asking people to vote as quickly as possible?](https://www.reddit.com/r/Superstonk/comments/mwmgne/important_im_sure_everyone_has_seen_that_the)**
+
+P.S. Enjoy the break /u/rensole!
+
+EDIT - Similar posts that might explain it better:
+
+https://www.reddit.com/r/Superstonk/comments/mwj1ko/clarification_on_gamestop_record_date_shares
+
+https://www.reddit.com/r/Superstonk/comments/mws33j/voting_rights_date_of_record_failure_to_deliver/?utm_source=share&utm_medium=ios_app&utm_name=iossmf (Towards the bottom).
+
+https://www.reddit.com/r/Superstonk/comments/mra4xq/superstonk_discussion_april_15_2021/gunvaq9/
+
+EDIT 2: I was wrong about a share audit. I am still researching what happens. I believe a crypto dividend might be the only way.
+Almost a year ago I posted in here about how I had around $500 in savings and how that was a huge turnaround for me. It started by setting better goals for myself, not just for my financial wellness. But my mental, and physical as well. Shortly after that post I got a job that pays much better than the one I had. This one offering tiered bonuses/commissions. A year later I now have roughly $4,000 put away in a savings account. Now I know that’s nothing crazy, but this is more money than I’ve ever had in my life. I now know anytime I swipe my debit card that it won’t be declined. I even cut out a major problem (drinking) and was able to go down to drinking a couple times a month rather than daily. Which saved me a hell of a lot of money. I’d give advice but as someone who’s received a lot of advice and never taken it the best “advice” I can offer is - if you really want to change, and move in a path you would deem to be successful, you have to WANT too and I don’t mean “I want things to be different” you have to REALLY want too. To the point you start changing who you are. I’m not the same person I was a year ago by a long shot. But it’s all for the better. And I’m setting myself up so a year from now, when I update you guys again, that $4,000 seems like nothing. You can do it. Don’t let doubt stop you.
+Current status, I make around 650-700k. And spouse makes 150k.
+
+House: 1.8m fully paid off.
+Retirement (401k+Roth): 800k
+Brokerage: 700k.
+529: 130k
+
+The next 2 years are rough since we have private school costs, 30k each year, coming up.
+Other than that, our annual expenses are 80k (incl. 1 kid).
+I am confident that in 2 years, we should be able to accumulate 2m outside the house, and thereby achieve FI according to 4% rule.
+
+However, I have recently been doing well at work, and have been getting the itch to upgrade our house. We are generally frugal people, and are in our 30s. New houses are 3m in our area and given how property taxes work in CA, this will push our annual expenses to 100k (not incl. mortgage).
+
+My question is, is there any point at which we can safely upgrade to a better house without losing our FI status? I went through some job troubles during Covid (2020/2021) and that really made us prioritize getting to FI. 
+My spouse does not like having a mortgage so that is a constraint. Also part of what worries me with this math is that I don’t want to have too much skew in our house. So is there any way we can upgrade to a better house? Or I just have to wait a loong time?
+As lockdown was coming in I left London to return home like many young professionals, isolated, then basically moved home. 
+
+I couldn't get back to move out my stuff during lockdown but now we can freely travel and work have said we must work from home until at least October, I'm considering cancelling my flat.
+
+Anybody got any views on this? Is this a wise idea? has anybody done the same?
+
+I think it makes sense to save near 900 a month, but I am cautious that there will be a mad rush for rooms or similar in a few months when I need to move back.
+
+Thoughts appreciated!
+Want to ensure I'm thinking about this the right way and that my paper napkin math is good.
+
+Understand that before calculating inflation’s potential impact on your retirement funds, you need to plan for how much money you’ll need to save for retirement in the first place. General rule of thumb is that you’ll need 80 – 100% of your pre-retirement income for every year you’re retired. 
+
+So in our example, if I believe I currently need $105,000 annually to live on in the year 2022 will I need an estimated $128,000 to annually live on in the year 2042 if I use a conservative anticipated inflation rate of 1% a year?
+Sorry in advance if not allowed, but I’m looking for an app to use other than Robinhood and was hoping you guys would have some suggestions.  If I do switch how does that work? Do I have to sell all my stocks and buy new ones on the new platform or is there a way to transfer them? 
+
+Thanks in advance!
+I just got 10k cash to put in the market and want to focus on dividends for long term growth. Should I just tell myself to F off and put it in an ETF like SPY or do I look for actual stocks?
+Wondering what some of you veteran investors do, put more money into a couple stocks or have a more diversified portfolio but less shares of each stock. Also at what point do you feel you are "diversified enough?" I know everyone has a different strategy but just wondering what peoples thought process is on this. 
+
+I hope this question makes sense... 
+
+Thanks in advance!!
+Hi friends. Im 37 and have been working a corporate job for about 9 years. I make about 100k/year. After years of grinding Im looking to quit/retire with what I have which is very modest and gain financial independence and income through steady options plays.  I have been wheeling for about a year. Started with 50k last year to now around 165k. I also have around 85k in 401k in which I would withdraw and take the 10% penalty. I also have around 50k in crypto but that would stay there.
+
+With that 240k i was thinking about wheeling as my only income. It seems like 2-3k per week is very doable. 
+
+I know health insurance is gonna be a bitch but still seems like a decent living where I can pursue some hobbies that I have never had time for. Ie woodworking/marathon training. 
+
+My question for this group, which has always been smart, honest and fair is has anyone else done this? Am I crazy to think I can make this work long term?
+
+Thanks for any feedback!
+
+Also my favorite wheel is ARKK. Decent premiums and when I ever get assigned my covered calls usually go within 2 weeks at profit.
+Very interested in learning - I read somewhere that 30 DTE options are the best to sell/write, why is this? What's wrong with doing weeklies? 
+
+I read up on the wheel based on so many people liking it. So far I've seen UWMC and F (Ford) as potentially good places to start. Can people recommend some others?
+[https://pbs.twimg.com/media/FkgJD3QaAAEteb9?format=jpg&name=large](https://pbs.twimg.com/media/FkgJD3QaAAEteb9?format=jpg&name=large)
+
+Right now, each bitcoin 'produced' by mining generates, on average, around $3,226 in losses to miners:
+
+* Bitcoin Average Mining Costs: $20,095
+* BTC/USD: \~$16,869
+
+And the mining net negative has been a reality for a few weeks in a row.
+
+When considering this quick accounting of around $3,226 of losses for each new BTC put into circulation and that every 10 minutes, 6.25 BTC are issued, we are talking about an estimated loss of $120,975/hour.
+
+Draw your own conclusions about this...
+
+This Wednesday (21st), another large mining company demonstrates the difficulties faced in the activity, as Core Scientific filed for Chapter 11 bankruptcy in the USA.
+
+It's not the first, not the second, and probably not the last.
+
+With each new event like this one, the bitcoin network tends towards centralization.  It's scary to think that a network of over $300 billion USD in capitalization has a Nakamoto Coefficient (NC) equal to 2. With 2 entities being responsible for >52% of all hashrate produced.
+
+[https://pbs.twimg.com/media/FkgJqzKWQAIkY9c?format=jpg&name=large](https://pbs.twimg.com/media/FkgJqzKWQAIkY9c?format=jpg&name=large)
+
+This is just one more demonstration, among many others, of how flawed Bitcoin's economic and security model is. Or, as the advocates of the leading currency say: "this is just another FUD".
+
+We need to have an open mind to change our minds based on new learnings.
+
+Bitcoin was an excellent idea, which emerged during a major global economic crisis and brought a rare innovation to our monetary and technological system, but technology continued to evolve and the BTC experiment brought us previously unknown answers.
+
+I don't believe bitcoin is the best candidate to continue to bring the innovation we need to decentralized money. Currently, there are already coins that better fulfill some of the functions of bitcoin.
+
+I have my personal favorites, but I don't want this post to be seen as a "shill post", so I will keep this opinion to myself for now.
+
+DYOR!
+I am new on this journey, and have a model that have different return depending on which timeline. Certain timeline looks good and other bleak. Any advice on how to measure the quality of the model? And how to decide when to start deploying the model if its good enough?
+This thread is for discussion of stocks priced $0.000x.
+
+
+1. All top level comments should include a ticker and at least some level of DD.  Lets avoid just posting a ticket and rockets.
+
+
+2. Please search the post prior to posting your top level thread as it’ll nice to have info on the same ticker consolidated.
+
+
+3. I will be moderating this post regularly and want to make sure there is order.  This is about making money and sharing info.
+
+
+4. Full disclaimer for the newbies.  Stocks at this level are more times than not a crapshoot but if you do find one that even gets a little juice it can be really fun and profitable.  However they are extremely risky!
+So, here’s some context first so y’all can understand all of it:
+
+I’m 27M and brazilian, things are pretty rough around here and i’ve been learning about day trading for a couple of months. The main reason for me to trade is basically I don’t have to profit a few hundreds bucks to worth it, my currency is 5 times weaker compared to dollar, so i just thought if I’ll be able to do from 50 to 100 dollars per day is around 4 to 8 days of work of our daily minimum wage in just one day.
+
+The thing is, it really worth for someone like myself to put a capital equal to more than a month of work to start trading? Also I would like to ask what indicators (or others) do you guys use for intratrading, I don’t really have to make a lot of money and I have plenty spare time to sit down in front of the computer all day and wait for the best signal to entry a trade because I only need basically 1 or 2 good trades per day.
+
+Plus next sunday is our election day and we’re all afraid about what could happen and how things will go crazy about prices and even more unemployment here (which i’m right now), that’s why i’m trying to find out the best outcome for my family.
+
+Thanks in advance and i’m sorry for grammar errors, i’m not fluent in english.
+I'm sure everyone is dealing with the pandemic with a unique set of challenges.  Whether it's helping family, dealing with illness, work stress, kids at home, or other financial stresses.
+
+I've been finding it important to take time to do little things to give myself little treats.
+
+At first, I ate whatever I wanted to with no budget on food. I got fat. Then:
+
+* Turned garage into home gym (treadmill, power rack)
+* Got into running
+* Golf / skeet shooting
+* All kinds of mail order foods
+* 2-3 week rentals near national parks (work from "home")
+* Dedicating time to spend time with family and friends and using PTO / leave for that
+* Appliance upgrades, planning remodel for home
+
+Curious what others are doing to improve quality of life at this time?  Especially since most are not spending what they usually would on travel...
+Looking to buy condo in NYC. Does anyone have any thoughts about paying up for higher floor units (same floor layout). Comes down btwn 25-50k USD for each floor higher. I'm thinking it doesn't really make a difference especially if it's floors 7 and below. May as well go for the cheaper unit on floor 3 vs 7 and still get similar views. Anyone have thoughts on this?
+This thread, with a good upvote count and lot of people agreeing with OP. Its a year old, so participation is closed. But Remindme bot alerted a lot of people today
+https://www.reddit.com/r/StockMarket/comments/ar56zm/stocks_dont_do_well_when_monthly_retail_sales/
+
+Timing the market is impossible. I am sure there are countless other doom and gloom threads floating around December 2018 when all indicators were flashing red.
+
+But all we know is that we don't know when it will go up, or down.
+Just a young ape here who really wants to do his part in the fight against climate change and can’t wait to finally have the money to do something about it! This is why I hodl.
+If you got into crypto any time after January of 2021, you're probably in the red now, or barely in any profit. And this probably came at you right after seeing your portfolio at five times its initial value or higher, making the loss sting quite a bit.
+
+I don't know what's going to happen. Maybe the 64k bitcoin price was the bull market top and we're entering a long bear market cycle. Maybe the 64k price was just an intermediate top and we're in the middle of a short-term correction before the crypto market moons. Maybe something completely different than either of those happens.
+
+A lot of people feel regret. They wish they'd sold when the market hit the 64k bitcoin top, and maybe re-bought when the market dipped down to a 30k bitcoin. But the thing is, hardly anybody was actually planning to sell at 64k. Some were holding out for 100k, some were just planning to eternally hold their crypto for the next 10 years or longer regardless of what happens. Hardly anybody really missed their chance to take profit, because hardly anybody was actually going to sell.
+
+Unless you believe that crypto is over and done with, going to zero, and never coming back, the play to make is to hold all of that crypto you might have "missed" the opportunity to sell at the 64k top, and to buy more crypto while the market is down, whether this is a real full-on bear market or whether this is some shorter term correction.
+
+Because really, we don't want the market to moon. Not yet. Not unless you're already sitting on top of a mountain of crypto you've bought. Yes, it's psychologically fun to look at big numbers on the computer screen and feel like we're making money, but unless you currently own enough crypto to sell at the next price pump and never work again, wishing for a million dollar bitcoin right now is pointless. You can't retire by selling 0.01 BTC when the bitcoin price hits a million. That doesn't even buy you a new Civic. 
+
+If Bitcoin hits a million dollars before you have lots and lots of crypto, you will have missed the boat. Again.
+
+Unless you think that crypto is completely over and going to zero, a down market should be exciting. This is the chance you either didn't have or didn't take during the last bear market to accumulate a lot of crypto that you could have sold off for massive amounts of never-work-again money when bitcoin spiked to anything over 20k this time around. This is the time where, while it's not an exciting sure thing to DCA your little bit of money into crypto each week or month because things aren't mooning, you're actually getting more crypto for your money so that when things moon later, you're much, much richer.
+
+If you believe crypto is not completely over and going to zero, the prospect of a 20k bitcoin again should make you excited, not sick. You should find yourself hoping it goes down farther. Because this your chance to spend the next however long the market is going to give us accumulating crypto, so that when things moon, you'll have a lot more of it to sell.
+
+Maybe we won't have very long this time because it's a temporary downturn and not a long bear market. Maybe you can't retire at the next price spike and have to wait for the bull market cycle after that one. That's fine. Unless you believe crypto is over and going to zero, if you just keep your day job and keep accumulating until you're sitting on a mountain of crypto, then when the market moons the next time, you can sell it all for a whole lot of never-work-again money.
+So about 200 days ago, I posted asking for some suggestions on a salary negotiation situation I found myself in. 
+
+I’ve always negotiated my salary. Not only are people who negotiate perceived as more assertive but stats actually show them to be more productive.
+
+Anyways, I’ve always done it (3 different jobs in my professional career) and have always been able to bump up the initial offer.
+
+In this case because I mentioned in my post that they were already within my target range in the initial offer, a couple of people were very aggressively calling me greedy.
+
+You have to remember a company is not doing you a favor by hiring you, it’s a business transaction and you should NOT sell yourself short. As easy as they hire you they can also let you go.
+
+Anyways, forgot to follow up but I got the job with a 16% bump from the initial offer. So yeah, moral of the story know your worth and ALWAYS negotiate!
+Now this is a story all about how my life got flipped-turned upside down and I'd like to take a minute, just sit right there - I'll tell you how I got screwed by Humana Healthcare.
+
+My wife and I have been a Humana customer for years on a high deductible plan self-insured and we had our first baby born earlier this year in February.
+
+For years we paid all of our medical expenses out of pocket because of the high deductible plan (which is fine - we preferred that over paying the higher monthly premiums because my wife and I are in good health overall).
+
+The day our baby was born I called Humana to add our child to our policy. This is where our relationship with Humana went south.
+
+We had no special medical issues with our kid or my wife and went home within a couple of days. About a month and a half later, at a visit at a dentist, I’m trying to find our dental policy number by logging in to Humana’s website.
+
+We have both medical and dental plans with them.
+
+It’s important to note at this point we are a highly digital family and we make sure to use and set email and phone notifications for anything we can. This is why we had opened the online account with Humana so we could easily pay online, get status updates, track expenses and payments, etc.
+
+While logging into the website I saw a notice in one of the internal pages that the policy has been terminated. I figured ‘that’s odd’. I’m clicking through the Medical plan area and the same notice appears there. 
+
+I promptly call customer service and ask why has our policies been terminated. To make a long story short - apparently when they added my kid to the policy, they also marked the policy to be terminated by customer request - WTH.
+
+The rep told me he’ll get back to me and indeed he did after an hour or so and confirmed that this was a mistake and he submitted my policies to be re-instated and it would take a few days but it would be retroactive to the missing period.
+
+I figured - ‘well, s*** happens, but they made it right so ok’. He told me I had to re-add my payment account online (we used our credit card) because once the policy was terminated it also stopped any billpay.
+
+The policy was reinstated a few days later, I went online and added our credit card again, they billed it for the missing period and everything was fine and back to normal.
+
+As the months went by we continued using different healthcare providers for our baby and my wife (standard treatment stuff - vaccinations, wellness exams, etc) and the providers sent the bill to Humana claims as normal and whatever bills we had to pay during the deductible amounts came home and everything was fine.
+
+Fast forward to the last week of June I can two letters in the mail from Humana.
+
+One of them with brand new cards dated June 10 and another letter with an invoice dated June 16 with Payment Due July 1 showing $1953.51 due.
+
+I figured that’s odd. Looking at the invoice, it looks like we had 2 billing periods due + the upcoming one for July.
+
+I logged in online to see what’s going on, and I saw indeed there is a balance due of $1,953.51 as well. I’m looking at the payment accounts and the credit card is nowhere to be found - only an option to add a bank account.
+
+I then go to the deductibles/claims area and I see it’s showing a 0/$6,500 for my wife - also thought that was off since of course the bills from the birth were well over the deductible amount.
+
+I call Humana to inquire about the deductible issue and the due payments.
+
+I explain the situation and saying I got an invoice today with so and so to pay and I logged in, didn’t see our credit card, had the issue with the deductibles not showing, etc - in short, explained I want to pay it and make sure all our deductibles are in place.
+
+It’s important to mention here - at no point in time in our life did Humana pay out anything for us because we’ve never hit our deductible and we didn’t have any special events at this point in time besides our child’s healthcare needs which, have their own $6500 deductible that started from scratch when he was born.
+
+The lady on the phone proceeds to tell me that she sees our coverage has been terminated since APRIL 30 2016 because of no payment.
+
+She continued to tell me that Humana sent out a letter in March saying they no longer accept credit card payments.
+
+Of course - no registered mail or any proof on their end that a letter was sent or received. Apparently that’s good enough when you cancel somebody’s payment method for their primary health care policy.
+
+I told her not only I never received such letter, I continued to receive regular mail for statements from Humana every month including this most recent letter that I’m staring at dated June 16 2016 with a due date of July 1 AND I have BRAND NEW CARDS PRINTED JUNE 10 2016.
+
+I didn’t yell - I know the difference between a customer service rep and the monster machine that created this scenario.
+
+She told me that there’s nothing she can do on her end but she can transfer me to the claims department that have more power on stuff they can submit.
+
+While waiting for a new rep to come on the line, I checked my email to see if I received any emails about the payment account issue just to make sure and sure enough - I didn’t.
+
+The new customer service rep comes up, I explain the history and she proceeds to check the account.
+
+At this point at least she did confirm that our deductible had hit its max amount and the claims are counted at over $7,000 for my wife. I figured at least when we figure this out we finally won’t have to pay for stuff to her this year and finally enjoy the benefits of having health insurance - yay.
+
+She says that the policy was terminated because no payments were received and it was cancelled to reflect the last date they got paid for (basically for April - back in March, when they cancelled our insurance and I had to re-setup our payment account with a credit card and pay it).
+
+I explain this entire story again and she says the only thing she can do is file an appeal on the phone. We start doing that - had to explain the chain of events from scratch while she is typing the appeal.
+
+We finish, she submits the appeal, gives me a reference number and tells me I’ll be contacted within 5 business days. This was just before July 4th so I figured it might take longer.
+
+A week later (July 7) I get a piece in the mail from Humana dated June 17th as evidence of termination (how convenient that it’s dated a day after the last mail I got dated that says I owe them money to be paid in July).
+
+I call today (July 12th) to check what’s going on and the customer service rep tells me there was a decision made on the account on June 29th (!!!!) and they decided not to reinstate my account.
+
+Mind you - we’ve been a paying customer for years, never once had them actually pay anything because we never hit our deductible and my entire request was just to pay them because of their issue of not telling me about the credit card payment method issue so my family can be insured again.
+
+Interestingly enough, the first time in the business relationship with Humana that they’re actually poised to pay anything, we get our policy cancelled and not willing to re-instate although I have plenty of hard paper evidence of continuous communication from them that does not suggest in any way our account is not in good standing or that our account was terminated.
+
+I ask the service rep what recourse do I have - she says ‘at this point if I re-submit another appeal they will just deny it’. 
+
+I continue to ask her if I can apply for coverage with another healthcare provider and she says only if I had a qualifying life event in the past 60 days otherwise I have to wait until the next enrollment period at end of year.
+
+So this is where I’m at. Out of coverage and lost all of our deductibles for this year for the first time ever we used them in full.
+
+What would you do? Who would you complain to?
+
+How is it possible that a healthcare company can send you policy terminating communications without any method of delivery confirmation for proof?
+
+Did this happen to anyone else?
+What's up fellow retards!
+
+I have been following the AMC mania and gme and loved the fact that we can stay retarded longuer than they can stay solvent!
+
+Last time with the GME squeeze we saw all the meme stocks going up and it seems to be happening again with AMC. I am a meme stock holder and saw that BB was on the rise. I firmly believe in the future of this company on the long term and it's potential. If you want to know more about the company go check some dds and you'll be amazed
+
+​
+
+When I went to look at the share statistics, I saw that it was very shorted but I am not sure if this means we have a next AMC on our hands or if that's just regular things. What do y'all think?
+
+PS: I bought about two grands worth at avg of $11
+(Re-post due title title typo)
+
+Hi All,
+
+I’d like to simplify my life instead of playing the credit card game. The Chase Sapphire Reserve and the Amex Platinum/Gold seem to be the best Fatfire cards between insurance, points, and service.
+
+My question is if I wanted to use just one combo for my day to day CSR or Amex, which would be best? I understand Amex service is superior, and Chase has better points back. But are the insurance claim experience differences and service actually meaningful as a difference between the two? Do you use these perks often?
+
+Im curious if for example the Chase is insurance in name only, and not worth the time filing at the FatFire stage of life.  
+
+I’ve searched the sun-Reddit, but I didn’t find a good answer.
+
+Edit 1: My initial take, if you value your time and usable insurance over max points, daily spend on the Amex. If you value points with United and Hyatt over non-point perks, daily spend on the CSR. 
+
+If you choose the Amex, you’ll still need a Visa/Mastercard due to acceptance abroad; likely a Chase Sapphire preferred/reserve. or BoA Premium Rewards.
+
+ It sounds like the choice for me will be a combination of the Amex Platinum for daily spend with CSR for dining and backup. 
+
+Alternatively, Amex Platinum for daily spend and BoA Premium rewards for backup/dining. Maybe throw an Amex gold into the mix?
+Thinking of having a wedding but not getting legally married for now. Tax penalty would be somewhere in the [many thousands] a year range as we both have similar incomes. 
+
+Financially I can't see any reason how it makes sense for the time being. In the future once FIRED, yes. For now, no. Once older, yes for estate benefits but now, no. 
+
+Other than fringe cases like visitation rights during hospital stays, suing for wrongful death, etc...what are the other considerations we should take into account?
+
+Please note that we are both on board and neither have any romantic illusions about a piece of paper from the government. The wedding itself is good enough for the romance part.
+Or, can the validators just roll back the code and fix the exploit after the fact, reanonymizing any new data? You don't have to be a Nobel Laureate to see we're living in an Orwellian dystopia here. Privacy coins look more and more like humanity's last bastion of freedom. If Uncle Sam "cracks the code", is the jig up, and what can we do as a community to not get thrown in the gulag so to speak and reclaim privacy?
+Hi! First time poster on this sub, but I have been lurking for a long time. I just needed a place to vent to people who may understand what I’m going through without any judgement. 
+
+I moved into my first studio apartment when I was 20 years old. I was only making $16/hr at the time and my rent was $875 — on top of utilities, my car loan + insurance, etc. Given certain circumstances, I really had no choice but to move out of my parent’s house at the time. I was barely getting by, but I still managed to get all of my bills paid on time and never once fell behind, all while still having a little bit of money left over to spend on things for myself. 
+
+I started falling behind super quick in February when I got COVID and could not go into work for a week, which was unpaid. Since then, I’ve received multiple notices to vacate (I managed to come up with the money with the help of family and friends each time), had my car repo’d after a few missed payments (got it back, thankfully), and am just constantly spending all of my paychecks on catching up on bills. I have not bought anything nice for myself since February nor have I had a fully stocked fridge; I’ve been living off of instant ramen and occasional meals at my parent’s house. I’ve started losing weight rapidly and I’ve isolated myself within my apartment for the past few months because I just cannot cope with this stress. 
+
+I’ll be turning 22 in about two weeks and I finally managed to get a new job with better benefits at $19/hr. It’s still not that much, but it’s a lot better and I’m slowly starting to get back on track, but I’m just so tired. I have an $800 toll bill to pay due to my commute for my job and a $700 credit card bill to pay off, and my rent has increased to $1000. I want to move back in with my mom so bad — I regret ever moving out to begin with, but it couldn’t be helped and I don’t think there’s enough space for me to move back in with my mom and her fiancé. I just want a break and live a somewhat financial stress-free life that most girls my age are living currently. I apologize if this seems messy and nonsensical, I just needed a quick vent. I would also appreciate any advice for getting myself out of this hole I managed to dig myself in. I just feel completely and utterly alone.
+
+EDIT: I really and truly do appreciate all of the feedback I’ve gotten so far, whether it’s been advice or just words of encouragement and acknowledgement. This has been a very isolating and lonely time for me and not many people in my social circle can fully grasp why I’m so stressed all of the time (they are extremely well-off financially), so it’s nice being in a space with people who understand. (:
+Hey everyone,
+
+So basically I think there is a good probability that we are at the edge of an economic disaster. I have been talking about the bond market, and looking into what is going on there and it is clear that the FED has their hands tied on this and our only path forwards are 1) hyperinflation or 2) failure in the bond market due to rising interest rates.
+
+In 2019, the world economy was running hot AF. In just the span of time from 2018-2019 the us median income rose 2%, poverty dropped 2%, and it all seemed very good.
+
+The FED saw that the economy was getting hot, and that their quantitative easing (QE) policy might be becoming less effective. They have some bank tools that are used to combat inflation and interest rates. These tools are IOER, SLR%, and YCC.
+
+IOER: Interest one excessive reserves. This is perhaps the most important tool because feds can manually change the interest rate on the M1 money stock. This is important because from this first money stock, every-time one passes hands there is an interest rate associated with it. So Interest rate on IOER affects the M1 money stock, M2 money stock, all banks, and almost all of the credit that we try to get, it also affects SLR%.
+
+SLR%: Supplementary leverage ratio %. This is basically how much loan loss reserves a banks and companies need to always keep on hand in order to meet the needs of their members. For example, the US fed can put a cap at 10% SLR% and that means that the bank can leverage 90% of its money out, while only keeping 10% on hand. This is influenced by IOER and this SLR% is the main reason we cannot raise interest rates using IOER.
+
+In 2019 we tried raising IOER, which increased SLR. When we did that we moved the underbelly of a beast so massive we had no idea how big it could be. When we raised IOER many banks and companies have taken out so much debt that they literally COULD NOT STAY LIQUID with increases in interest rates.
+
+[https://youtu.be/URvok29rf-w](https://youtu.be/URvok29rf-w)
+
+Not only did this raise in interest rates lead to a huge liquidity disaster, it also led to liquidity disasters IN OTHER COUNTRIES. That is really really really worrisome. We raise interest in the IOER and all the suddenly Turkey also is having a major fucking liquidity issue. I don't know each country but I do know that our 2019 actions were affecting Turkey and other countries.
+
+So what did we do in response the the 2019 liquidity disasters? WE LOWERED INTEREST RATES AND PRINTED MORE MONEY. WE KEPT THE ZOMBIE GOING.
+
+then the pandemic hit...
+
+The pandemic hit and the FED already knew we were at a knives edge with the bond market. So their plan, although they say it was to help us, was to pump up the zombie economy with a huge monumental stimulus. Then we got two more after.
+
+I wanted this stimulus, we all wanted this stimulus, but by pumping the stimulus in the economy and pumping up these institutions that can't stay liquid if they had high interest rates has kind of put off the inevitable. A huge falling out of people who have too much debt.
+
+So here we are in 2021. Government debt has not improved (it has got worse), credit ratings on many zombie companies that aren't turning a profit are going to get worse and worse credit ratings = high standards of SLR% to stay liquid. This is going to make it even MORE difficult for these companies to deal with high interest rates.