diff --git "a/reddit_finance_43_250k_337.txt" "b/reddit_finance_43_250k_337.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_337.txt" @@ -0,0 +1,10000 @@ + +On Wikipedia, the terms "red pill" and "blue pill" refer to a choice between the willingness to learn a potentially unsettling or life-changing truth by taking the red pill or remaining in contented ignorance with the blue pill. Dr. Trimbath tweeted, "It isn't easy to take 'the red pill.' When people ask about my work I start by telling them that finance books stop at 'company does an IPO, issues equity, gets capital...& lives happily ever after.' My work is the rest of the story." + +https://mobile.twitter.com/SusanneTrimbath/status/1461508930241118212 + +&#x200B; + +In the short-term, it's extremely depressing and helpless to know how manipulated the market is. Now that I have taken the red pill, I am not letting 20 years go by like legendary Dr. Jim DeCosta without a change in the world. I will not stop 'Till I Collapse or MOASS or GME becomes the biggest company in the world in market cap or this country gets renamed GMERICA. + +&#x200B; + +Some people are not simply ignorant: some willingly and knowingly take the blue pill and forever shut out the possibility of learning anything new or life-changing. I have enough wisdom to know that there are a lot of people who will go to their grave with this mindset. To them, I say fuck you because ignorance is bliss for you, but you make it hell on earth for everyone else. I am not trying to reach some Charmin Ultra Soft toilet paper-handed Portnoy bitch. I have nuclear pasta hands, and I want the world to know why. + +&#x200B; + +It's extremely apparent to me when I hear these congressional hearings that these politicians don't have the slightest clue what's going on . . . never mind the ones already bought and paid for. Even politicians who are trying to help the average American citizen win against the banks, hedge funds, and other financial institutions talk about frivolous shit (confetti on Robinhood, gamification of stock market, etc.) instead of talking about abusive naked short selling. These politicians wouldn't know about buy-writes, married puts, [offshore swaps transactions](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/) if their lives depended on it. When it comes to these politicians, either ignorance, willful ignorance, corruption, or some combination of those three are at play, and it is up to the American people (as always) to understand the problems and to make our voices heard. + +&#x200B; + +If you try to go to DTC, SEC, FBI, US Congress (+state reps and senators), DoJ, IRS (+state dept's of revenue), several state and federal district courts, media (mainstream and otherwise), academia, published 2 books . . . and no one will arrest the criminals engaging in abusive shorting of the market, who can you go to? The American people are the only ones capable of bringing about great change in this nation. + +https://twitter.com/SusanneTrimbath/status/1461517948791652352?t=Y7XF7PUiy9bw0sDbAbnYOw&s=19 + +*** + +## My New Upcoming Posts or I Just Thought It Was Some Cold-Blooded Shit to Say to a Motherfucker . . . + +&#x200B; + +One of my all-time most hated quotes is the following: "If you can't explain it simply, you don't understand it well enough" or "If you can't explain it to a six year old, you don't understand it yourself." The fact that this quote appears in more than one form with slightly different wording makes me think that Einstein never said this. If you Google it, there are some sources that say exactly this: that this quote was incorrectly attributed to Einstein. You can't possibly explain the entirety of quantum mechanics simply, can you? Albert Einstein is so intelligent to me that it seems like aliens from a Type II or Type III civilization uploaded information to his brain. There are still ideas from the general theory of relativity still being proven true *now*, like with the LIGO experiment. Quantum mechanics is so complex that some say that if you understand quantum mechanics then you don't understand quantum mechanics. This is the way I feel about the stock market sometimes. + +&#x200B; + +Despite everything I just said, here is Brian Cox casually explaining quantum mechanics in under a minute. After his explanation is done, he ends his statement by saying "That underlies everything else. You can get the rest from that. What's the probability that a particle will move from A to B? That's it." If you search for explanations of quantum mechanics on YouTube, some of the shortest videos will still be several minutes long. This is the only explanation of quantum mechanics I have seen in under a minute. + +https://www.youtube.com/watch?v=fcfQkxwz4Oo + +&#x200B; + +To be clear, most apes who have been following GME since the buy button was turned off should already know everything in my new upcoming posts. In fact, almost everything I will say in my new posts will have been said before (maybe better than I will say it). At the same time, I will be giving you some thing(s) no one on any GME subreddit has done before (that I know of). + +&#x200B; + +Thank you to everyone who has ever given me a reddit award or an upvote. I appreciate all of them, including the free silver awards. Some of these awards are expensive as hell, so I see you whales giving platinum, superdiamondgrip, jacked to the tits, etc. To be honest, the support and generosity of this community towards each other and those less fortunate is something I have never experienced on the internet before . . . ever. I have given more reddit awards here than I have ever done anywhere else. No child in any hospital will be without Gamestop products after MOASS as long as I am around. To be honest, your support and this community as a whole keeps me going. The Knights of New are some of the most important apes in all of r/Superstonk or any GME-themed subreddit. + +&#x200B; + +I am going dark on this account (for real this time lol) until my new posts go live. +Inspired by [this](https://www.reddit.com/r/india/comments/88xepz/married_and_working_couples_of_randia_how_do_you/) post on r/India, I wanted to post this here to see if there is any difference in ways of handling expenses. + +Edit: Also investments ofcourse! +[COMPARISON TABLE](https://ibb.co/CstxR67) + +I require this community's help to fill the above table that may help me and several others decide the policy to be bought. + +Profile - 24M and employed + +1. I have been contemplating getting a term life policy since last year. +2. I have not been able to get the correct plan for me. +3. I have compared premiums and critical illness payouts for five common major insurance providers. + +* Aegon Life +* SBI +* HDFC +* ICICI +* LIC + +My father's friend and insurance agent has been pursuing me to go for a policy through him. He has been preparing the argument using the below points - + +1. LIC being a Sarkari company is the best. +2. Private players and new companies like Aegon won't pay you and will reject the claim. Gave me examples of MAX BUPA, etc. +3. Better to pay high and get a policy through an agent since the claimants generally aren't able to claim through portals and there will always be a call center on the other side that won't bother to help you. +I Am a 1st year Btech Student. After all the Robert Kiyosaki and Napolean Hill books I am encouraged to learn about investing. I know nothing about mutual funds and stuff. Highly inclined to learn on how to read charts and do TA. I am in cryptocurrency trading since past one year and have made a bit money so will like move a bit into traditional investments. +Any online courses/books you guys can recommend? +Why every investment site and newspaper writing daily article about Zomato IPO? I know it's a brand but it's look like they are trying to hype the IPO as the PE and financial reports are not good. I'm right or missing something about Zomato IPO? +So I just turned 21. Mum and Dad have given me $7000 worth of shares for my birthday and I've literally never even thought about investing before. Please help me +Canada's stock market most lethal short-seller Marc Cohodes pumped $OSTK loudly and clearly all the way to 90$ a share U.S. Today, the stock is 13$. The insane thing about this is that he was fighting the same CEO of that company back in 2007. The CEO did prison time. Then, in 2017, the CEO befriended Cohodes, who bought $OSTK at 24$. As he encouraged his followers to buy the stock, it went all the way to 92$ a share. At that point, Overstock was getting into the "business" of blockchain and crypto-currencies. Then, the stock started crashing, but Cohodes continued to encourage his Twitter followers to buy the stock, and fighting those who disagreed and those who claimed $OSTK was a fraud. + +Now think back of Home Capital, which Cohodes shorted and fought publicly, including BNN interviews. The stock went from 54$ to 17$. He won. But Overstock went from 92% to 13$. May this be a lesson to us Retail investors. **You may be one of the greatest forensic investors, and think you have more information than anyone else. In the end, you never know what is really going on**. + +The fact is that Overstock might be true fraud, unlike Home Capital, and Cohodes was played. + +You can go on Twitter and search for $OSTK tweets since 2017. It's crazy. Start here:[https://twitter.com/AlderLaneeggs/status/918475084829827073](https://twitter.com/AlderLaneeggs/status/918475084829827073) +Hello, + +I am new here, sorry if my message is not in the right place. + +Am I the only one wondering about the sale price of 80% of the Blue Hill Wind Farm project to InfraRed Capital for the price of $107M? In the investor presentation on the AQN website, it is mentioned that $200M was invested to complete this project 2 years ago. This doesn't make sense. Am I missing something ? + +I know they mentioned the possibility of recycling assets, but why sell shares in a brand new project at 33% off? Isn't the purpose of building a project and selling parts of it to make a profit from the upgraded value of the completed project? + +Thank you for your help, +LootSwap was launched just over 48 hours ago on the Harmony Protocol. Fair launch high APRs (up to 68,000% APR) with locked up rewards. In just a the 48 hours, there is already 14M TVL + + +5 liquidity pools: ONE<>LOOT, ONE<>BTC, ONE<>ETH, ONE<>BNB, ONE<>BUSD + + +There is a lockup system that locks 95% of the rewards and releases them beginning on 25DEC21 over the period of 1 year. + + +You can see the rewards on [https://vfat.tools/harmony/loot/](https://vfat.tools/harmony/loot/) + + +The high APRs won’t always last, the multipliers half every week but what makes LootSwap unique? + LootSwap is launching a guilds platform which enables nondevelopers (and welcomes developers) to launch a guild token & guild farming quests \[farming pools\] within the LootSwap ecosystem. LootSwap is a fantasy-theme gamification platform that has long term goals of developing games. There is a planned NFT marketplace and different gamification tokenomics in the works. You can read more about it here: + +[https://lootswap.finance/whitepaper/LootSwap\_WP\_Part\_1.pdf](https://lootswap.finance/whitepaper/LootSwap_WP_Part_1.pdf) + + +Or here for a less fancy medium version: + [https://lootswapfinance.medium.com/lootswap-finance-tokenomics-and-resources-d185138d9867](https://lootswapfinance.medium.com/lootswap-finance-tokenomics-and-resources-d185138d9867) + Here is the tokenomics breakdown + [https://lootswapfinance.medium.com/lootswap-finance-3f9be9a2faaf](https://lootswapfinance.medium.com/lootswap-finance-3f9be9a2faaf) + +Why Harmony Protocol? Harmony is a Level 1 solution that has 1000+ validators already with 2 second Tx finality, with micro fees (micro pennies!) and has incorporated shards already into the blockchain. There is a lot of opportunities to build some highly creative projects. You can read more about Harmony here [https://www.harmony.one/](https://www.harmony.one/) + +If you want to learn more about the project these are the links: + [https://lootswap.finance/](https://lootswap.finance/) + +[https://t.me/lootswap](https://t.me/lootswap) + +[https://discord.gg/cD2epGVbjS](https://discord.gg/cD2epGVbjS) +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +*** + +Enjoy! +I'm 51 years old. Always paid my bills. Something has recently come up and I tried to borrow $1500 to no avail. What the frack! I have friends that are 10s of thousands in debt. I owe maybe $400 give or take. Which I pay off on payday. You'd think being 51 and having that debt load, I'd be good? + +UPDATE. +I want to thank each and everyone of you who read and replied to this. +I've taken notes and will do my research a little better. +Thank you for the "food for thought". +I come from a background of "cant afford it, dont need it". +So, no payday loan, no title loan, and next paycheck open an account at a credit union and apply for a secured credit card; which I'll pay off maintaining a 10 to 15 percent debt ratio? +What platform can I trust for investing in ETFs and keeping them for the long term? I don't think I want any trading platform as I just want to buy them and keep them. I read that some platforms will actually charge you for account inactivity so I'm kind of lost. + +I also read here in this sub that some platforms like DeGiro lend your shares to third parties (??!) + +eToro and other popular platforms have a huge list of negative reviews. + +Do you know any reliable platform for someone who just wants to invest without being an active trader? +Hi guys, + +Since I work at Ericsson I have the option to put 10% of my monthly gross base salary into Ericsson B stocks which are worth 95 SEK right now. + +The company will pay 15% net of my contribution back to me and they will also cover the tax. + +Does this seem like a worthwhile investment? I’ve taken a look at the stock and it seems very stable but there isn’t much gain, although receiving back 15% seems beneficial. + +I’m currently only buying and holding iShare Core MSCI World ETF Acc monthly and Xiaomi stocks. +I want to put aside a part of my monthly income into a savings account with a reasonable interest rate atleast above 1%. + +I've mainly found fixed term savings accounts, but I don't have enough money to put in the initial amounts and I don't want to lock the money and only get access to it after, say 5 years. +Just look around you, left and right people and quitting crypto because "they don't believe in it anymore" but the true reason why is because they aren't money off it anymore. If we were in a bull market where we would see green candles all day everyday they wouldn't dare get out but the opposite they'd be dancing all day and screaming crypto to the mooooooooon. + +This sub has many posts of people saying goodbye recently and I think these events mark a possible bottom for the market in my opinion. + +Crypto fundamentals never changed, bitcoin is still scarce, ethereum is still the biggest smart contract platform, and the other developments are also the same. + +If you are a Dev you will probably enjoy this time to build a project and have time to polish it and gather backers and a member base. + +If you are a normal investor then you aren't having a great time looking at the color red everyday. + +Right now most of the retail beginners exited, +it's just me, you and the whales. + +Thank you for reading +Have a nice day! +Ethereum is a part of my day job and I've spent a lot of time trying to gain wrinkles on these concepts. Maybe it can help you? This post is basically a condensed and dumbed-down version of the [**glass castle DD**](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?sort=new) (it's worth the read if you care about your investment). + +**ERC** stands for **ethereum request for comments.** It's a standard that describes the interface of a piece of code in ethereum. You can think of it as a universal agreement of how something should be programmed and/or how it communicates in the ethereum world. Basically, **ERC** describes an idea on ethereum. + +Currently, there is no published **ERC741 -** so you can't really google it. + +However, **ERC741** represents a combination of two currently existing **ERCs - ERC20 and ERC721.** + +**ERC20 -** describes a **smart contract,** which is developer defined code that executes on the chain. It necessitates some basic communication standards between ethereum assets but can be basically anything. + +**ERC721 -** describes a non-fungible token (or **NFT**) - a unique ethereum asset. You can't stack it or combine it. Think of an NFT as a [picture of dickbutt](https://knowyourmeme.com/memes/dick-butt) on the ethereum blockchain. + +**ERC741** seems to be a new emerging standard for a **financial/fractional non-fungible token (or F-NFT).** + +With **ERC741,** you break up that picture of dickbutt into tiny little pieces and hand it out. It's non-fungible (represents a non-stackable and unique part of dickbutt), but **can be** **combined** with other parts (not stacked, because it's unique) to compose dickbutt from **bigger or smaller** **chunks** in order to **increase or decrease the** ***number*** **of dickbutt chunks** (aka create shares or reduce shares). + +Now, replace dickbutt with GME. You pay for a chunk of the NFT which ends up going directly to GME as an investment. + +In other words, GME has been creating the next iteration of a financial marketplace. **The new NASDAQ or NYSE.** A market with no central authority, trustless, verifiable, and transparent - and it seems Lego signed up to be one of the first companies listed there. + +erc20 + erc721 = erc741 + +It's worth noting that I believe as soon as the mainstream crypto world hears about this and how it's ***the beginning of DeFi (de-centralized finance) based investing,*** it's going to fucking ***BLOW UP.*** It will be the MOAFE - ***mother of all FOMO events.*** If you work in tech and have witnessed the push towards adoption of **DeFi** technologies, you should understand exactly what I'm talking about. + +**EDIT:** Fuck it - I won't be coy. Anecdotally, there seems to have been a big push in the past few years in tech to learn about, experiment with, and focus on **DeFi** projects with the effort accelerating in the past year or so. I can't imagine there aren't *legions* of development teams prepared to work on projects like this. It also suggests an alignment of tech CEO objectives 🤔. *\*takes off tin foil hat\** + +It's hard to overstate the impact and significance of this sort of platform. If this has been RCs plan all along, then there is **a lot** more I can speculate on - but that's for another post. + +When I first saw it, I never could've imagined how literal this phrase would end up being: + +***The MOASS was always going to happen*** +Not sure if this is the right place to ask if not let me know and I will take it down. + +I'm 26 years old and have been living week to week with my pay since I've been working. I don't understand or can't grasp the concept of saving money or having emergency money. I've been through bankruptcy and come out the other side but I've still learnt absolutely nothing. I don't know if there's someone I can talk to like an accountant or financial advisor or something like that. If anyone has some tips or anything to help get me going or point me in the right direction it would be greatly appreciated. + +Thanks for your time. +With rates hovering 6%+ and rising, and the historical return of the market being 6-8% inflation adjusted, are we at a point where paying down a mortgage is not only safer, but would also net you a larger, guaranteed return? + +I'm not saying ALL of your funds should go towards the mortgage, just that the order of operations (or prime derective) seems to have flip flopped between low interest loans (mortgage) and index fund investing through brokerages. I understand the compound effect index funds will have that your mortgage (or home value) likely won't. + +Personally, I see the growth in the market slowing to a crawl (3-5% growth) over the next decade or so after the great explosion during the last 2-3 years (which also followed a 10 year bull run), but obviously impossible to know for sure. Just wanted some opinions on this. + +Edit: I have a 3.4% 30 year fixed rate, so this would not apply to me. Simply asking opinions for if someone were to buy in a higher interest environment right now. +There members here with more than 3 years of posting that are down right thieves. A member whom I shall not mention, recommended a scam coin which appeared a few seconds after the post on uniswap. Then as the post was deleted and so did the scammers exist uniswap. This is how ledgit developers and honest hardworking redditors are destroyed. Approach this thread with caution!! +I've noticed that an abundance of Redditers are saying that the market will continue to drop and that it has lower to fall, etc. Yet ETF's appear to have higher lows over the last few days and are starting to trade sideways... +Bitcoin is the most secure network in existence. The way the network is built is pure genius and the bigger it gets, the more secure it becomes. + +In 2011, Dan Kaminsky, a leading Internet-security researcher, investigated the currency and was sure he would find major weaknesses. + +Kaminsky is famous among hackers for discovering, in 2008, a fundamental flaw in the Internet which would have allowed a skilled coder to take over any Web site or even to shut down the Internet. Kaminsky alerted the Department of Homeland Security and executives at Microsoft and Cisco to the problem and worked with them to patch it. He is one of the most adept practitioners of “penetration testing,” the art of compromising the security of computer systems at the behest of owners who want to know their vulnerabilities. + +Guess what he said when he tried to break Bitcoin? + +*“When I first looked at the code, I was sure I was going to be able to break it. The way the whole thing was formatted was insane. Only the most paranoid, painstaking coder in the world could avoid making mistakes.”* + +He thought he had identified nine ways to compromise the system and scoured Nakamoto’s code for an insertion point for his first attack. + +But when he found the right spot, there was a message waiting for him. “Attack Removed,” it said. The same thing happened over and over, infuriating Kaminsky. + +*“I came up with beautiful bugs. But every time I went after the code there was a line that addressed the problem.”* + +He was like a burglar who was certain that he could break into a bank by digging a tunnel, drilling through a wall, or climbing down a vent, and on each attempt he discovered a freshly poured cement barrier with a sign telling him to go home. + +*“I’ve never seen anything like it,”* Kaminsky said, still in awe. + +*“Either there’s a team of people who worked on this or this guy is a genius.”* + +**TLDR: Buy Bitcoin** + +[Source](https://www.newyorker.com/magazine/2011/10/10/the-crypto-currency/) +No, the upward movement in cannabis stocks is not a concerted distraction by Wall Street to take attention away from GME. Believe it or not, but a global stock market can contain numerous trends all at once. The weed stocks rallied because of the belief that broader cannabis legalization is possible in the next 12-18 months under a Biden administration. Remember: the U.S. House of Representatives passed a bill decriminalizing cannabis last December, only for that legislation to die in the Senate, still controlled by the GOP. Now that Dems have control of the White House and both chambers of Congress, cannabis has a much more clear and easy path towards legalization. Obviously that would be enormous for the marijuana industry, so people are grabbing shares now, ahead of the potential explosion in growth. Also, a lot of these stocks were shorted and are now getting squeezed. None of this has anything to do with GME. +I recently [posted on Factom](https://www.reddit.com/r/CryptoCurrency/comments/pvts9p/promising_blockchains_can_fail_factom_history/?utm_source=share&utm_medium=web2x&context=3), an often mentioned blockchain in 2017 that is now a failed blockchain. Not every blockchain that is around today will survive the next 5 years. It can be hard to see a failing blockchain because they often drop during a bear market, when everything else drops, but then do not bounce back during the next bull market. + +What "popular" blockchain do you think will reach its ATH during this bull run and not bounce back after the next bear market? (include why) + +&#x200B; + +\*\*please do not downvote everyone who comments a blockchain that you are bullish on and think they are completely wrong about +My Mom wants to leave the state, and wants to give the house/ownership of the house to me to live in. She doesn't want to sell it to someone outside the family. + +She still owes money on the house though, around 175k. I can afford a house worth 175k, but I don't know if it's possible to transfer the remainder of the mortgage to me so I can pay it off? + +Would the house need to be reappraised? The neighborhood value is pretty decent, and nearby houses have sold for a lot of money. If the house was appraised again, it would probably be worth a lot more than the remaining mortgage is. In that case I don't think I would qualify for a mortgage on the new higher amount. + +What's the best way for me to go about this? +Long story short, my father passed away in Greece back in October, without a will. He has a massive amount of debt owed to the Greek banks, a plot of land in Crete, and a flat in Athens. Both properties are underwater. From what i've been told by my uncle, i have to go to the Greek embassy in NYC to allow power of attorney to someone over there to formally renounce my claim to my "inheritance". + +Do i really have to go through all that? I haven't spoken to my father in the 9 years that preceded his death. Can the Greek government/ banks really come after me for his debts if i do nothing? + +I'm not sure how American policy handles such things. + +Thanks in advance. +About a month ago Turkeys president has declared a "War on Crypto" following young turkish people using Crypto to escape the extreme inflation. + +You may ask how this war on crypto is going? + +Turkeys currency has just hit an inflation of 20%, with no end in sight. + + +Following his statement, even more turkish people are now using Crypto to escape the inflation, seems like the war is going in reverse for him. + +[(source on inflation)](https://www.tagesschau.de/wirtschaft/weltwirtschaft/erdogan-lira-tuerkei-101.html) +I have around 1.2k to invest and already have $160 in btc, and $100 in eth2. I run side hustles selling energy drinks and snacks in school and have a job during summer. I just feel like i have potential while im young and have some money to start, im just not sure now days with all the youtube scams and such. +Hi, young options trader here. I started trading options about a year ago with robinhood. Being a noob + using robinhood, blew up my 4,000 dollar account pretty quickly so things didn’t go so well. Now I’ve been paper trading options on TD’s thinkorswim software over the last 8 months and I’ve got a pretty good system going. + +I’ve only been trading the SPY. Only buying calls and puts on weekly contracts using a 30k “paper” account. I’ve been able to make anywhere over 1,000 dollars a day fairly easily and consistently. I trade the opening 2-3 hours and maybe some afternoon plays, if they present themselves. + +My problem is the commissions and fees. I know it’s paper trading and the commissions aren’t really accurate (with paper money I think it’s just $1.00 per contract WITHOUT 6.95 per open/close position) idk why tos does that. It’s not realistic. + +Anyways.... + +In May, I am putting 30k real money in a new tos account (so I can get 500 commission free trades, which is actually 250 trades, remember open/closing positions) or 60 days free trades, whichever comes first. +But after that commission free period is over I cannot and will not have 6.95 commissions (open and close) + .75 per contract. I usually trade 50-100 contract positions. Which costs me between 50-90 dollars for every position. + +Was thinking of going to tastyworks. 1.00 commissions to open. FREE to close. + +Really don’t want to give up TOS though, + +I’ve heard TD will match other brokers commissions fees. + +I’ve even heard of people telling TD they’re switching to TW and TD will respond by almost matching TW at 1.00 to open 1.00 to close. + +I’ve even heard of .35 per contract. + + +I guess my question is can I really negotiate with TD down to 1.00 to open 1.00 to close + .35 per contract?? Or will I have to trade those 6.95 + .75 per contract fees for awhile before I can really start negotiating? + +AND does trading the SPY (which is an index ETF) exclusively effect commissions and fees at all? +Hello, + +If I got notice from my brokerage (from the investment company) that they are terminating the ETF, do I sell immediately? Or wait until the IM has sold all the investments and distribute the earnings from the sale of those assets? + +Thanks +Hello Great Apes of the world! 👋 + +As your Diamantenhände idly HODL through the weekend, let us take 120 minutes to reflect on the journey we have been on. Last week we celebrated as a 5-million share offering was completed, giving an outstanding leadership team $1.7b to transform the company. GME was added to the Russell 1000 index, proving that it is not merely a 'meme stock'. SR-NSCC-2021-002 went into effect, increasing the pressure on the SHFs as they try to avoid margin calls. + +Today's thread is going to be a little different. Diamantenhände usually runs until the 120 minute mark of the German market in 5-minute intervals. I will update this post every minute(!) with historical closing price data from each US-market trading day of the year so far, completing at the usual 120-minute mark. Join apes around the world as we re-experience the journey this year has brought in the stock we love. + +###🚀 Buckle Up! 🚀 +*** + +- **It has been a long ride so far. We persist. We HODL. See you when the German market opens.** +- 🟥 25/06/2021: $209.51 / 175,50 € +- 🟥 24/06/2021: $212.31 / 177,93 € +- 🟥 23/06/2021: $219.34 / 183,81 € +- 🟩 22/06/2021: $220.40 / 184,59 € +- 🟥 21/06/2021: $200.37 / 168,18 € +- 🟥 18/06/2021: $213.82 / 180,24 € +- 🟩 17/06/2021: $223.59 / 187,70 € +- 🟩 16/06/2021: $222.97 / 185,85 € +- 🟥 15/06/2021: $222.50 / 183,47 € +- 🟥 14/06/2021: $229.44 / 189,48 € +- 🟩 11/06/2021: $233.34 / 192,70 € +- 🟥 10/06/2021: $220.39 / 181,05 € +- 🟩 09/06/2021: $302.56 / 248,45 € +- 🟩 08/06/2021: $300.00 / 246,47 € +- 🟩 07/06/2021: $280.01 / 230,14 € +- 🟥 04/06/2021: $248.36 / 204,13 € +- 🟥 03/06/2021: $258.18 / 212,84 € +- 🟩 02/06/2021: $282.24 / 231,15 € +- 🟩 01/06/2021: $249.02 / 203,86 € +- 🟥 28/05/2021: $222.00 / 182,09 € +- 🟩 27/05/2021: $254.13 / 208,46 € +- 🟩 26/05/2021: $242.56 / 198,93 € +- 🟩 25/05/2021: $209.43 / 170,92 € +- 🟩 24/05/2021: $180.01 / 147,34 € +- 🟩 21/05/2021: $176.79 / 145,16 € +- 🟩 20/05/2021: $170.49 / 139,44 € +- 🟥 19/05/2021: $168.83 / 138,69 € +- 🟩 18/05/2021: $180.67 / 147,79 € +- 🟩 17/05/2021: $180.60 / 148,59 € +- 🟥 14/05/2021: $159.92 / 131,68 € +- 🟩 13/05/2021: $164.50 / 136,20 € +- 🟥 12/05/2021: $144.79 / 119,93 € +- 🟩 11/05/2021: $146.92 / 120,95 € +- 🟥 10/05/2021: $143.22 / 117,99 € +- 🟩 07/05/2021: $161.11 / 132,46 € +- 🟩 06/05/2021: $161.01 / 133,50 € +- 🟥 05/05/2021: $159.48 / 132,83 € +- 🟥 04/05/2021: $160.73 / 133,76 € +- 🟥 03/05/2021: $162.20 / 134,49 € +- 🟥 30/04/2021: $173.59 / 144,42 € +- 🟥 29/04/2021: $176.19 / 145,35 € +- 🟩 28/04/2021: $178.58 / 147,21 € +- 🟩 27/04/2021: $177.77 / 147,06 € +- 🟩 26/04/2021: $168.93 / 139,82 € +- 🟩 23/04/2021: $151.18 / 124,95 € +- 🟥 22/04/2021: $151.17 / 125,80 € +- 🟥 21/04/2021: $158.51 / 131,71 € +- 🟥 20/04/2021: $158.53 / 131,74 € +- 🟩 19/04/2021: $164.37 / 136,54 € +- 🟥 16/04/2021: $154.69 / 129,10 € +- 🟥 15/04/2021: $156.44 / 130,72 € +- 🟩 14/04/2021: $166.53 / 139,01 € +- 🟥 13/04/2021: $140.99 / 117,98 € +- 🟥 12/04/2021: $141.09 / 118,43 € +- 🟥 09/04/2021: $158.36 / 133,06 € +- 🟥 08/04/2021: $170.26 / 142,88 € +- 🟥 07/04/2021: $177.97 / 149,92 € +- 🟥 06/04/2021: $184.50 / 155,41 € +- 🟥 05/04/2021: $186.95 / 158,23 € +- 🟩 01/04/2021: $191.45 / 162,52 € +- 🟥 31/03/2021: $189.82 / 161,88 € +- 🟩 30/03/2021: $194.46 / 165,94 € +- 🟩 29/03/2021: $181.30 / 154,05 € +- 🟥 26/03/2021: $181.00 / 153,47 € +- 🟩 25/03/2021: $183.75 / 156,05 € +- 🟥 24/03/2021: $120.34 / 101,86 € +- 🟥 23/03/2021: $181.75 / 153,52 € +- 🟥 22/03/2021: $194.49 / 162,99 € +- 🟥 19/03/2021: $200.27 / 167,65 € +- 🟥 18/03/2021: $201.75 / 169,28 € +- 🟩 17/03/2021: $209.81 / 175,09 € +- 🟥 16/03/2021: $208.17 / 174,90 € +- 🟥 15/03/2021: $220.14 / 184,59 € +- 🟩 12/03/2021: $264.50 / 221,26 € +- 🟥 11/03/2021: $260.00 / 217,01 € +- 🟩 10/03/2021: $265.00 / 222,22 € +- 🟩 09/03/2021: $246.90 / 207,53 € +- 🟩 08/03/2021: $194.50 / 164,11 € +- 🟩 05/03/2021: $137.74 / 115,60 € +- 🟩 04/03/2021: $132.35 / 110,61 € +- 🟩 03/03/2021: $124.18 / 103,05 € +- 🟥 02/03/2021: $118.18 / 97,78 € +- 🟩 01/03/2021: $120.40 / 99,94 € +- 🟥 26/02/2021: $101.74 / 84,28 € +- 🟩 25/02/2021: $108.73 / 89,43 € +- 🟩 24/02/2021: $91.71 / 75,35 € +- 🟥 23/02/2021: $44.97 / 37,01 € +- 🟩 22/02/2021: $46.00 / 37,81 € +- 🟥 19/02/2021: $40.59 / 33,50 € +- 🟥 18/02/2021: $40.69 / 33,65 € +- 🟥 17/02/2021: $45.94 / 38,14 € +- 🟥 16/02/2021: $49.51 / 40,94 € +- 🟩 12/02/2021: $52.40 / 43,23 € +- 🟥 11/02/2021: $51.10 / 42,12 € +- 🟩 10/02/2021: $51.20 / 42,25 € +- 🟥 09/02/2021: $50.31 / 41,52 € +- 🟥 08/02/2021: $60.00 / 49,78 € +- 🟩 05/02/2021: $63.77 / 52,93 € +- 🟥 04/02/2021: $53.50 / 44,71 € +- 🟩 03/02/2021: $92.41 / 76,75 € +- 🟥 02/02/2021: $90.00 / 74,76 € +- 🟥 01/02/2021: $225.00 / 186,44 € +- 🟩 29/01/2021: $325.00 / 267,75 € +- 🟥 28/01/2021: $193.60 / 159,75 € +- 🟩 27/01/2021: $347.51 / 287,13 € +- 🟩 26/01/2021: $147.98 / 121,66 € +- 🟩 25/01/2021: $76.79 / 63,24 € +- 🟩 22/01/2021: $65.01 / 53,40 € +- 🟩 21/01/2021: $43.03 / 35,37 € +- 🟥 20/01/2021: $39.12 / 32,29 € +- 🟩 19/01/2021: $39.36 / 32,42 € +- 🟥 15/01/2021: $35.50 / 29,40 € +- 🟩 14/01/2021: $39.91 / 32,85 € +- 🟩 13/01/2021: $31.40 / 25,82 € +- 🟩 12/01/2021: $19.95 / 16,34 € +- 🟩 11/01/2021: $19.94 / 16,40 € +- 🟥 08/01/2021: $17.69 / 14,48 € +- 🟥 07/01/2021: $18.08 / 14,74 € +- 🟩 06/01/2021: $18.36 / 14,88 € +- 🟩 05/01/2021: $17.37 / 14,12 € +- 🟥 04/01/2021: $17.25 / 14,08 € + + +*** +FAQ: To generate this data, I downloaded the historical data for GME from Yahoo Finance and matched it up with daily EUR -> USD exchange rate data. Every minute of Diamantenhände Wochenend-Retrospektive adds another trading day's closing price. I created a simple C# application that automatically creates and updates the post using Reddit APIs. + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received any response or seen any activity from him in nearly a month. I continue to reach out to DerGurkenraspler, but at this point I have no idea if or when he intends to resume updates. I will continue to serve as guest-host of the series in the meantime, but dearly hope that DerGurkenraspler is well and is able to return to us soon. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Twitter post about the addition [here](https://twitter.com/compoundfinance/status/1151268786923642880). There is even an easter egg.... 🤓 + +Blog announcement [here](https://medium.com/compound-finance/adding-wbtc-to-the-compound-protocol-b032da38511c) +Last weekend the tickets for a series of shows for the Dutch comedian Jochem Mejyer in the royal theather of Carre in Amsterdam were sold using the GET protocol. The counsumers participating in the sale used blockchain technology without knowing anything about it. The changes of ownership can be tracked following this link [https://etherscan.io/address/0x6058233f589dbe86f38bc64e1a77cf16cf3c6c7e](https://etherscan.io/address/0x6058233f589dbe86f38bc64e1a77cf16cf3c6c7e) + +The GET Protocol offers a blockchain-based smart ticketing solution that can be used by everybody who needs to issue admission tickets in an honest and transparent way. + +This video simply explains the GET protocol [https://www.youtube.com/watch?v=cjXSeElvbss](https://www.youtube.com/watch?v=cjXSeElvbss) + +&#x200B; +so i understand that people can buy bitcoin via coinbase. they send in their USD and get bitcoins. + +then there are others that mine their bitcoins. they are rewarded these coins but no USD have been put into the exchange. + +so now, this means there may be more coins than USD to support it when you want to cash out. isnt this the definition of a ponzi scheme? + +where is the money - actually fiat to spend on every day goods - coming from when the price of bitcoin explodes? +>Boeing customers cancelled a staggering number of 737 Max orders last month, deepening the crisis the company faces amid the coronavirus pandemic and the continued grounding of its best-selling plane after two fatal crashes. + +>Boeing shares were down more than 3% shortly after the company posted the dismal figures, trading near session lows. + +[BA stock price](https://finance.yahoo.com/quote/BA?p=BA&.tsrc=fin-srch), [CNBC](https://www.cnbc.com/2020/04/14/boeing-customers-cancel-staggering-number-of-737-max-orders.html) +Big storms heading through our area. + +Found out we have a leak in the roof above the kitchen. Very old mobile home. + +I DIY most things but can't swing roofing. I doubt I could even lift myself onto the roof, let alone actually stand on it to cover anything. + +I'm certain my savings won't even cover half, so guess who gets to pull out a credit card I've been paying down? + +I am so frustrated and can't stop crying. There is no winning. + +I wish we could afford to move. +Hi everyone, + +I'm 26, work and live in London and earn 30k, have 25k in savings (15k in a LISA and a 10k rainy day fund in a Marcus account.) + +I live with my partner and two children (1 boy and 1 girl) aged 3 and 1 and there is also another child on the way (due in November). I am currently the only one working and renting a small 2 bedroom flat in Zone 2 which is already overcrowded. + +I want to buy a 3 bedroom house outside of London and the only place I can seem to afford is 2 hours away from my place of work by train, I should mention that I get a £2750 discount on travel through work and that it is unlikely I will have to travel to work every day of the week (maybe 3/4 days a week). + +I want a better quality of life for everyone in my family (including myself) by having more room and a garden. The prices of properties and travel costs I am looking at are very affordable however my concern is the 2 hour commute each way, the two hours commute is a door to door estimate. + +Currently my commute to work is around 40minutes so I have no idea what it would be like to more than double that. + +Any advice would be greatly appreciated! +A no-win no-fee firm based in the Netherlands has just help me secure some compensation after a poor payout following a flight cancellation. They're rated 9/10 on trust pilot, but I thought I'd ask the daft/paranoid question in here. + +If I give them my sort code and account number for a current account that I use to gather a small amount of interest - is there any way that they could get the information for one of my other accounts such as a savings account? +Somehow today a [post](https://www.reddit.com/r/Superstonk/comments/p7irql/ruh_roh_kenneth_did_someone_say_rico/) made over 7k+upvotes about a random supposed sticky floor holder who filed a civil lawsuit against Kenny, FINRA (which he misspells FNRA through his filing), SEC, DTCC, and many others including various brokers. A few people were quick to point out that this filing is full of spelling and grammatical errors, and randomly capitalized words. + +&#x200B; + +Guys, check Twitter: [https://twitter.com/DonnahueGeorge/with\_replies](https://twitter.com/DonnahueGeorge/with_replies) + +&#x200B; + +https://preview.redd.it/184iy6dxdei71.png?width=1196&format=png&auto=webp&s=851fb5ba4e6d50d3c39cd591c5e2ef46e8dcc484 + +&#x200B; + +Didn't anyone notice this account hasn't posted in nearly 2 years and just came back to post about filing this lawsuit? He's not following anyone in the stock world nor tweeted about it at all. It doesn't appear he even has any stock yet I see people already asking him how they can donate to this 'cause'. (you can't succeed with a lawsuit if you have no standing-aka: skin in the game, been wronged financially, etc) This screams ambulance chaser or scam. This man also is quite litigious and has filed a number of frivolous lawsuits that were subsequently tossed out including the SSA. + +&#x200B; + +I was more worried about the comments (we've seen enough scams and know how to spot them), hundreds of people excited that Kenny was 'going to jail', or going in front of a jury, etc. This case will probably not ever even make a court calendar let alone will he be seated in the same room presenting evidence against Kenny. Superstonkers always do their DD so let's try and do some before upvoting crazy posts like these. If it sounds too good to be true, it probably is. + +&#x200B; + +Not that Kenny doesn't deserve all of those things but we need federal prosecutors and the criminal justice system to do the job, not civil lawsuits from people hoping to get paid off to go away. Anyone can file a lawsuit but filing lawsuits like these can result in having to pay Kenny G's legal fees and other civil infractions for wasting the court's time with frivolous lawsuits. + +&#x200B; + +edit: I didn't mean to malign the OP (sorry u/Noderpsy) and suggest the lawsuit wasn't filed or he posted fake news, there was just a lot of misinformation in the comments. I was mainly trying to let people know this isn't an official investigation nor was this man who filed acting in any official capacity and that he is just a private citizen. I had been originally just replying to comments but there were so many I figured I'd make a new post. + +&#x200B; + +https://preview.redd.it/j57xftkbcei71.png?width=674&format=png&auto=webp&s=f51e9d06eaf0027aef650edfa0a33bf078aed185 +It's budget day! + +The mods will be enforcing all rules as normal, with a slight relaxation of the politics rule for this thread only. + +An example of an otherwise rule-breaking comment that we might allow: + +> This budget is at odds with the conservative party's approach over the past few years. How are they going to deal with the national debt? + +Examples of comments that we won't allow: + +> OMG tory scum blah blah blah + +> Keir can stick that in his pipe and smoke it + +> Landlords/tenants are scum/amazing and should/shouldn't be helped out in this way!!! + +> eAt tHe rIch!212! + +> BUY DOGECOIN ITS INFLATION PROOF1181! + + +News: + + * https://parliamentlive.tv/event/index/a491e75e-ca0c-493c-8d5f-355dfd2adcf3?in=12:34:40 + * https://www.bbc.co.uk/news/live/uk-59035120 + * https://www.ft.com/content/22c1bb77-5660-42fa-9c33-cfea8163ca0f + * https://www.theguardian.com/politics/live/2021/oct/27/autumn-budget-2021-rishi-sunak-spending-review-borrowing-live-updates + * https://www.independent.co.uk/news/uk/politics/budget-2021-live-sunak-speech-today-b1946033.html + * https://www.telegraph.co.uk/tax/news/autumn-budget-predictions-speech-rishi-sunak-what-to-expect/ +So I am going to start the wheel as soon as I can get my Tastyworks account going. (Currently with Ally Invest which requires 25k balance to sell CSPs.) + +I have been trading stocks and option spreads with good success the past 6 months. + +I was running some numbers on hypothetically using KO to run the wheel. With my current account balance of 5k I can sell one weekly put for about $100 premium with a strike 1-1.5 below current price. If I was assigned then my CC would also be about $100 premium and hopefully would be assigned so I can sell more CSPs. + +$100 per week is awesome. + +But I’ve been thinking that I have enough in my 401k to cash out to at least 50k. Maybe even more since the market has recovered some. This is all after taxes and penalties for early withdrawal. + +If I’m working off 50k then I’m collecting $1000 a week in premium whether it is puts or calls I am selling. That is 1k more than I gross at my job per month. + +Am I crazy to seriously consider quitting my job? I can cash out my 401k then and 10x the strategy I’m currently working on. + +I would still work part time to build my capital but it would be work I like and convenient to me. I was thinking DoorDash or Instacart when Covid19 subsides. + +Thoughts?? + +And yes I know health insurance would be a new expense but I’m fine with that. + +My goal is to not need a full time job to live. My expenses are pretty low too. +So I found this sub mainly because I was looking for some advice on whether a certain property that I was planning to rent was within the advisable limits etc. Now, I've gone down the rabbit hole about buying/renting and I went through a lot of posts here in this sub about the pros and cons of buying instead of renting. + +I'm now curious about a slightly related but a very different topic. A very hypothetical scenario but I'm sure there are people who do something like this. + +I would like to understand this sub's opinion/thoughts on buying for renting out. + +Here is a hypothetical scenario for us: + +Assumptions: + +* A person has a corpus of 80lac rupees with nothing invested in the stock market. Lets say about 10% of this money is invested in FDs. +* This person has a family - spouse and a kid; +* The gross annual income of this family is 20lpa; +* The family has a paternal flat (where the elderly parents are currently residing) in some city which is worth about 30lacs. +* This family lives away from the parents in a different city and is renting a place for 25k rupees a month. + +Given this, if this family were to consider buying a house in the city where the parents live for about 65lacs, with the sole intention of letting it out on rent where the expected rental income would not be more than 15k rupees per month (at this point in time), would it be a wise decision? + +If it is, then how would you go about buying the said property? What amount of money would be funded via bank loans and what amount would be coming out from the corpus at hand? + +Is buying a second property in the city where they live to cut out their own rental expense a good idea? + +Sorry if this is a vague/hypothetical scenario, but given the general tendency of leaning towards renting over buying, I wanted to understand whether the rule of thumb is the same in the event someone is actually sitting on a lot of cash. + + + +So the reason why FD is not something that is suggested is because it doesn't beat inflation and only provides 6.7% returns, although safe. + +At small amount, it does not help but what about a big amount like 6cr put in as 1cr/6banks. + +Checking on ICICI FD calculator - Each Rs99,999,99 would net me 6,92,279/- Per year. X6 = 41Lakhs 53 thousand. + +Minus taxes(15%) = 35 Lakhs + +I would say 35 lakhs is a really good amount yearly to spend and retire on in my lifetime. Ofcourse I don't even have to take out all my money and reinvest heavily as well . + +This is just what I day dreamed today, but would love to know what you guys think. + +And ofcourse you can do better by investing and stuff, my **THINKING** is for taking no risk and still ensuring good future. Basically get free money without having to worry about the market or keeping a tab on it.. + +Edit: a lot of you guys are talking about 6cr being more then enough to last a lifetime.. But I feel like I can burn through 6cr in 20 years easily. Whereas I can put it in fd now and enjoy absolutely amazingly from next year onwards without ever having to worry about losing that 6cr. Know what I mean? Your one deposit becomes a way to support you for life while still being yours. +Share your opinions, experiences here. There have been many posts against them, but I wanted to see everyone's consensus. I mean, if one CAN afford to take a little bit extra risk for a little more return, why not? + +I am invested in Faircent since 2018. While EMI payments stopped to me during the Moratorium, I lent to three people - one paid back completely, two are still pending. I get about 400 per month, loan on schedule to be cleared completely in the coming months. + +What I don't like is Faircent commissions and fees, minimum withdrawal to be Rs 500 and minimum amount to be deposited for investment as Rs 5000. + +Maybe if I'm earning net discretionary (not disposable) income Rs 1 lakh a year I would invest upto 5000 every month. + +What would you all do? + +Note that there are other P2P operators like i2i and others, I don't remember their names. + +For those who'd like to read about it: https://www.investopedia.com/terms/p/peer-to-peer-lending.asp +I've made r/Old_Recipes as a place to share old family recipes and recipes from very old cookbooks like the ones found on [Project Gutenberg](http://www.gutenberg.org/ebooks/search/?query=recipes) + +Often these recipes are actually very cheap to prepare and focus on simple ingredients prepared carefully. + +I hope you all enjoy finding and sharing old recipes and can find some new ideas for inexpensive meals. +**What is SegWit ?** + +The formal title "Segregated Witness (Consensus layer)" had Bitcoin Improvement Proposals number BIP141. It is intended to solve a blockchain size limitation problem that reduces Bitcoin transaction speed. It does this by splitting the transaction into two segments, removing the unlocking signature ("witness" data) from the original portion and appending it as a separate structure at the end. (https://en.wikipedia.org/wiki/SegWit) + +**What's the problem?** + +It has been more than 3 months since SegWit was activated. The current level of support for Segwit is abysmal at only 13% of all transactions using SegWit (http://segwit.party/charts/). If everyone right now switched to a SegWit supported wallet, the mempool would likely be empty again allowing for instant transactions once again. While we're all looking at the Lightning Network to solve the congestion issues, the is a much easier and faster fix right in front of us and that is SegWit. + +**Why isn't everybody using SegWit yet?** + +That is likely due to the fact that some very large exchanges have yet to activate SegWit on their site yet. Once they do activate SegWit , we should see the number of SegWit transactions rise up. This doesn't just benefit the users as the exchanges themselves will also pay less fees. In other words, we need to pressure all big exchanges into activating Segwit. Not next year, not next month but NOW. + +**How can I check if my wallet is Segwit compatible?** + +Good news is, most hardware and software wallets use SegWit. SegWit (P2SH) addresses begin with a “3”, like multisig addresses so they are easy to spot. If your wallet address does not begin with a 3, then it's not SegWit compatible. Those are the addresses we need to get changed and updated to SegWit compatible ones. + +**So who hasn't activated SegWit yet?** + +It's time to name and shame the exchanges that haven't activated SegWit yet. You can find a list of all major exchanges and players that have activated SegWit right here: https://bitcoincore.org/en/segwit_adoption/ +If your wallet or exchange is NOT highlighted in green, it means it still hasn't activated SegWit yet and needs some serious encouragement from their paying customers. Those will either be marked in yellow as a *work in progress* or marked in white as *planned*. Neither of those two statuses are acceptable. It has been more than 3 months now and neglecting to activate Segwit is becoming a serious problem for the whole blockchain and needs to be dealt with right now. + +**You can help speed up SegWit activation!** + +This is where big numbers hold big power. You can all help by first checking if your wallet is SegWit compatible (needs to start with a 3). If it's not SegWit compatible, then please make whoever provided the wallet is aware of this issue you are facing and request them to provide a SegWit wallet as soon as possible. So for example if you have a wallet on Coinbase, you will notice it has not activated SegWit yet. You help the cause greatly by sending the exchange support a message that you want to see SegWit activated on their exchange. If you want to take it one step further, you could move your Bitcoins and other funds away from your non-SegWit wallet and exchange to one that does have SegWit activated. + +The time for action is now. If you have any questions, please ask them. + + +*tl;dr: SegWit adoption is seriously low. If we can increase it we get faster transactions at lower costs.* +TLDR: I feel like I need an explain like I’m 5 to how to navigate life + +Hi, I am 27 and my lack of knowledge on personal finance is making me want to give up on life. I constantly end up in bad deals, get overcharged, underpaid, bitten by charges for not understanding something, ripped off, and miss any opportunity to benefit myself financially. I know that sounds very “woe is me” but I’m just trying to best explain what I mean. + +I have a learning difficulty (adhd) and get so lost and confused when talking to any customer advisers. I think this makes me an easy target for bad deals. I’m even being paid less than others in my company I work for and despite raising it just got brushed off. I don’t really know properly how anything works from credit to energy bills to insurance. Therefore don’t have the confidence to advocate for myself. + +For context, I am from a poor family, I feel like I’ve been conditioned to perpetuate poorness as my family all financially struggle. Even if I needed to borrow £100 there would be no one I could ask. I can describe what I feel like as; most have this manual on how to do life and play the game. I’ve observed friends getting guided and helped by there family’s. I never got any financial advice or shown the ropes and I’ve figured everything out on my own but very limited and poorly. My capacity to learn these things is limited because my adhd makes it harder for me to understand certain things (finance is one, it fills me with dread and panic because of all the words I don’t understand, confusing language and acronyms/percentages). + +I so badly want a comfortable (my definition of comfortable is just not broke my entire life and actually have something to my name) life but it always feels like 1 step forward and 2 back. I make terrible financial decisions constantly instead of making my money work for me. + +I feel like this issue is stopping me from getting what I feel I deserve from life. I work hard and try so hard to make the right decisions (better than my family) + +But sometimes I feel like giving up it just feels like there are hands all around me grabbing at what I have. + +Can anyone advise any digestible material which helps with these thing? +Or advice and story’s from people who have broken free from generational poorness? I would love some inspiration to make me feel less hopeless. + +Thank you for reading + + + +TLDR: I feel like I need an explain like I’m 5 to how to navigate life +Good Evening Apes and Apettes, + +Gonna keep it short and sweet tonight my wife's boyfriend says I get 10 minutes on the computer. + +No GME Block trades of DEEP ITM calls today (data below) + +[GME Biggest Options Trades 4\/27\/21](https://preview.redd.it/7ze44se0stv61.jpg?width=1228&format=pjpg&auto=webp&s=b5b198bac5b0355b383fc48b07edcc6927d7fe21) + +Just a quick update for everyone to log the data in an easily accessible place. Feel free to reference my prior posts for a deeper explanation if you haven't been following along. I wish you all a crown of crayons someday. Until then, I'm u/Dan_Bren see you tomorrow. +Just now a filing on the SEC web site for SEC DTCC 2021 002 (which we're watching closely because it's also connected with 008) went up. It's a notice that the intial 45 day time period for consideration has been extended to the maximum 90 day period. + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf) + +This one thing remains: I can hold longer than hedgies can stay solvent. + +I can out-wait any government agency. + +I can out-wait any HF. + +Tick, tock. +Let's say I buy a stock at 5k and sell it at 10k. The next day I buy it again for 10k. + +Technically I made a 5k capital gain, so do I have to pay taxes on $2.5k if this was in a taxable account? + +&#x200B; + +Or do you pay taxes only when you withdraw from your account? +We've got a lot of people around who enjoy sharing their Bitcoin knowledge, so don't be shy. If you want to learn more and feel like sticking around for a while, remember to subscribe. + +Here's an [introductory](https://en.bitcoin.it/wiki/Introduction) and an [FAQ](https://en.bitcoin.it/wiki/FAQ) link to pique your curiosity. Also, check out [weusecoins.com](https://www.weusecoins.com/) if you're absolutely brand new to Bitcoin. + +Have fun! +The check itself is entirely computer printed, it is sent from a law firm in another state that I have no knowledgeable affiliation to, through a national bank. The check has perforation on the bottom as if it was torn off of something else. It has my name and address printed on it, and is signed in the bottom right corner. The check has all the usual security features present on the back and appears to be real. + +However, the check itself was contained in a plain white envelope with nothing but my name handwritten on the front. This was shipped in a standard Fedex 9.5"x12.5" envelope labeled priority overnight. The shipping address of the fedex envelope is from a different state (Georgia, as opposed to the law firm in Arkansas). The address of this location appears to be a large warehouse from google maps. + +I was not expecting a check from anyone, especially not for such a sizable amount of money. Could it be a settlement I'm unaware of? Who should I talk to about whether or not it is real and what is the purpose of it? + +Thanks for your help! ~confused~ + +EDIT: You all have great advice here. To assuage your fears I would faster cast this check into the fires than cash it! I don't need the money, and I'm an eternal skeptic about these sorts of things (I've had a few family members robbed by scummy stuff). I'll update everyone as soon as I get to my local bank branch first thing Monday morning, thanks so much for your sound advice! + +EDIT #2: I want to credit u/ursa__major for identifying this as a fraud, here is what he said to me so hopefully it will get some visibility here at the top of the thread: + +> Okay, so I'm looking at the check and here's what I'm noticing: - the font on the check is plain; typical for counterfeit checks - the dollar amount has "**" before the written amount.. this almost ALWAYS is present on counterfeit checks and rarely on legitimate checks. - the dollar amount itself.. $1970.00. Typically fraudulent checks are for slightly below $2000.00. "Fraudsters" believe that banks have some sort of $2k threshold that alerts them to take an extra look at checks, so they're almost always around $1900.00 +Those indicators alone would be enough for me to deny payment of a check, but just to be sure I checked on the routing number on the MICR line of the check... 082001247 routes back to "Simmons First National Bank".... yet the check has "Metropolitan National Bank" listed as the payee bank. So, in lieu of that, I'm 100% positive that this is a counterfeit check and someone is trying to scam you. + +Thank you u/ursa__major so much for your advice. I intend to show the scam to my local bank branch so they are aware of its existence (although it sounds like this happens to thousands of people every day) and then I will have them shred it for me right there. All of your advice has been tremendous here and I wish you all the best. Keep an eye out for these scams and always be cautious of unexpected windfalls. Cheers everyone! +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... + +&#x200B; + +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. + +&#x200B; + +[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. + +&#x200B; + +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) + +&#x200B; + +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) + +&#x200B; + +&#x200B; + +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) + +&#x200B; + +[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) + +&#x200B; + +&#x200B; + +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.** + +&#x200B; + +[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) + +&#x200B; + +Wait, what was that R-value again? **(-)0.4344????** + +&#x200B; + +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). + +&#x200B; + +*"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) + +&#x200B; + +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. + +&#x200B; + +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. + +&#x200B; + +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. + +&#x200B; + +&#x200B; + +https://i.redd.it/s6wmu53ebn3a1.gif +I’ve never kept a track of my finances but have decided to input my wife’s and my children’s assets (Junior ISA) into one family spreadsheet from now on. + +Wife owns a Buy To Let and I have an index tracker so I want to monitor the progress + +Would anyone be willing to share their templates (minus their personal information) via DropBox links or similar. Stuff with columns for property, ISA, expenses, bills etc? +I have moved from America to the UK with a work visa. I've been working now for 3 months and checking every month or so if I can get a credit card but I keep getting rejected. + +I've tried very low limits and high interest cards but nothing works. + +What can I do since I have regular income but I have no other history in the country +Hi everyone, a majority of friends and family live in Denham Springs and East Baton Rouge and 75% of us have lost everything. We are in the 500 year flood zones, so i would say only 10% of us have flood insurance. I know that FEMA will come in and issue grants of up to $32,000, but what else is there to do to recover financially from this? +It has never quite hit me that something like this has the potential to wipe out not only our homes, but our lively hood. How do we afford to erect another house? Do we have to get a second mortgage? We have so many questions this early on and are still wading though the waters and waiting for them to recede to even start accessing damage and do clean up. What are the most important steps we need to take early on to start the rebuilding and recover process for both our home and our community? + +Thanks for any help and recommendations. + +Edit: Thanks for the overwhelming responses from well wishers and informative posters. I am going to share this information with as many as i can in the coming weeks. Just a side note of something we have observed through this time is how essential taking care of your neighbors has been. 90% of the recovery in my part of East Baton Rouge was done by volunteers in private boats, jetskis, canoes and kayaks. Huge financial losses incurred by everyone, but such a minimal loss of life is something to always be thankful for. Stay safe out there! + +Edit 2: This post is not just for my own personal knowledge. I placed it up for others in my area and future flood victims to see. There are always going to be events and challenges in life that will extend beyond your scope of knowledge and level of preparedness. Note that I firmly believe in having FLOOD INSURANCE, no matter where you live. However, know that most people like many of my family and neighbors were told as they were building or bought there house that they did not need it. 95% of these houses are no where near the rivers that are flooding. They are over a mile away. Its a tough sell on a lot of people to have the foresight for this type of event. It not just the obvious larger rivers, or small ones that are causing the floods.Its the innocuous little lakes in neighborhoods,creeks backing up and ditches overflowing. It is a hard lesson for many people to learn. As you see future events and tragedies unfold, always maintain a healthy layer of optimism and don't be quick to make sweeping generalizations. So much time and energy is wasted in negativity when so many people are without a bed to sleep tonight and have lost everything. Note again, I FIRMLY believe in FLOOD INSURANCE and all of the other things that shield you from a catastrophic financial hit like this...I visit this sub quite often.It just so happens i don't make all of the financial decisions for my parents,relatives, and neighbors. I hope this post will serve as a tool for those who need it during a time of need and as an informative warning for those who think they are immune to natural disasters. No matter how off the possibility, you should always be prepared and protect yourself physically and financially to the best of your ability. Peace of mind is a hell of a thing when you are being airboated out of your home. + +P.S. This is an informative post and a vital resource. Lets keep it that way. Think a little longer before you post something like " Don't live in a flood plain. " You don't know the area,you don't know the people, you don't know their situation or why they are there. All that should matter is providing support and relevant information to people who need it. + +Thank you a million times to everyone who has given their time,expertise, and opinion. Shining a little light on how to navigate the recovery process has been a relief in so many ways. + + +Hey all. I had a question for those of you who have spent large amounts of money on sports and exotic cars once you became more financially independent. + +I keep going back and forth on pulling the trigger on an exotic, and would love to hear about experiences of this community in doing so. + +Did you regret your decision? Why did you want the car in the first place? Was it worth it? + +Any input would be amazing. I’m worried I will always want the next shiny thing and no matter what I get there will always be something better. +Sharing a few thoughts on [this post](https://www.reddit.com/r/Superstonk/comments/viyxih/an_unpopular_opinion_or_is_it/) (*"An unpopular opinion… Or is it??"*) by OP [u/HappyBus8759](https://www.reddit.com/user/HappyBus8759/) + +Here's the body of that post: + +>*I’m here for MOASS, plain and simple. I don’t care much for NFT’s, digital wallets, partnerships, or even Ryan Cohen. Big respect to the guy all the same.* +> +>*I’m here to get rich, and fuck over the people that fucked me over back in 2008. I won’t sell a single share until they’ve all been liquidated, and even then, the vast majority of my shares will swim in the infinity pool forever, coz fuck ‘em.* +> +>*I’ve seen many posts over the last 18 months talking about how GameStop is going through a massive turn around, and good for them I say, but that’s not why I bought into the company, nor why I’m still here. Truth be told, I would have bought into whatever company is expected to have the greatest squeeze of all time. It was, and still is, my one and only reason for buying GME.* +> +>*I’m not a GameStop fanboy, and there’s no shame in saying that. GME is a battleground stock for me, nothing more, nothing less. Once this is over, I’ll be taking my money out of the American markets, never to be seen again.* +> +>*And fuck you Ken 🚀🚀🚀🚀* + +Before anyone gets their knives out: This isn't AT ALL meant as an attack or harsh criticism of OP's reason for hodling GME- it’s intended to unite bc sometimes this is a point of contention but it doesn’t have to be- whatever your reason is, that's up to YOU, as it ALWAYS should be. + +# But no matter your individual reasons, I think EVERYONE here needs to make this connection: + +***Regardless of any unique reason for anyone to invest in any public company, the very nature of diverse individuals w/ diverse investment reasons IS SYMBIOTIC:*** + +No company, naked shorted to oblivion or not, can succeed unless its investors believe it has what it takes. + +If follows that if investors believe a company has what it takes to succeed, they'll support that company, at a minimum with their investment dollars. + +So I absolutely applaud OP's commitment to not selling a single share until they’ve all been liquidated, and leaving the vast majority of their shares in the infinity pool forever. I think it's absolutely ok for people here to not be GameStop fanboys, and I absolutely agree there’s no shame in saying that as well. + +But if that company is going to actually succeed, long-term, it takes more than investment dollars. + +**When Matt Furlong talks about how important Net Sales are, he's not wasting his breath or your time.** + +Yes, more investment dollars *support* a rising share price (or should, anyway), but share price is a *reflection* of success- *not* the success itself. + +Consistent revenue growth is absolutely critical to consistent business growth, and a company's ability to reinvest *in itself* **for the sake of its customers, employees, and investors**. + +Without consistent revenue growth, a company is bound to whatever made it money *yesterday*. And as industries and consumers evolve, a company that can't increase revenue is a company that can't innovate, and therefore can't keep up with (let alone dominate) *tomorrow*. + +For the sake of demonstrating this, let's assume the following alternate reality about Sears for a moment: + +* In this alternate reality, Sears was never attacked and purposefully led to failure/bankruptcy +* They still had enough success to exist today +* BUT, they still used all of the moves/strategies they were using before they died + +Does anyone in 2022 really believe Sears could keep on operating successfully like it was 1970/1980? Not a chance. + +And in this hypothetical alternate reality, it wouldn't take an expert to identify the sources of their failure/bankruptcy: *All the horrifically bad decisions and complete lack of meaningful innovations to keep up with an evolving consumer.* + +In order for hypothetical Sears to have avoided becoming a bankrupt zombie, they would have had to make enough of the right changes, at the right times, for the right costs, *to reinvest in their own future*. + +***Back to GameStop, specifically, and reality:*** + +Sears is dead, and no one here is unaware of the same types of attacks that have been perpetuated against GameStop. + +*(edit: “dead” meaning a bankrupt company/zombie stock- not that it’s impossible to come back)* + +If GameStop were to simply be like ~~popcorn~~ hypothetical Sears, they would STILL die, no matter how many apes YOLO'd everything they had into shares of GME (infinite liquidity, anyone?). + +GameStop must, ABSOLUTELY MUST, *make fantastically good decisions and meaningful innovations to keep up with an evolving consumer*, because they MUST succeed as a business (to grow revenue) *and* GME must succeed as a stock (to avoid bankruptcy). *edit: yes, I believe RC & co are doing exactly those fantastically good things, more than we even realize* + +This is *especially* true, considering the attacks perpetuated against them, because, as everyone knows, the shorts are spinning false narratives like their income depends on it (it does). + +That's where your support comes in. + +Like I said above, at a minimum that support comes in the form of investment dollars. And if that's where you stop, that is 100% ok- that's *your* decision. + +But remember, GameStop NEEDS more than that from *other investors* and from *a growing customer base (revenue source)*. + +**So: Whether you're here for MOASS/to get rich, or to fuck over the people that fucked everyone over back in 2008, or for NFTs, digital wallets, partnerships, or Ryan Cohen, or any other reason or mix of these reasons: We ALL have to understand:** + +# Not ONE of our individual reasons for buying, DRSing, and hodling GME will become a LASTING reality if GameStop doesn't make that massive turn around all those posts have been talking about over the last 18 months. + +**And ALL of us can and should help make that happen by supporting GameStop's endeavors REGARDLESS OF WHETHER OR NOT ALL YOU WANT TO DO IS BUY/DRS/HODL.** + +Because if that's you, you're going to need people like me. And by the same token, people like me are going to need people like you. + +**Otherwise, there will be no MOASS, no getting rich, no fucking over the people that fucked** ***everyone*** **over back in 2008, no NFTs, no digital wallets, no partnerships, or any other byproducts of a successful GameStop.** + +# = = = = = = = = = + +# GME is THE battleground stock, and I am fucking proud to stand shoulder to shoulder with u/HappyBus8759 and each and every one of you on THIS GME battleground, no matter your individual reasons. + +And fuck you Ken (from me too) 🚀🚀🚀🚀 + +edit: words +When I invest in a penny stock, it's all about how much growth I see ahead and the newsflow while I'm holding it. The more good news I see on the stock, the longer I hold on to it. I've also seen a lot of people who held penny stocks for two years and profited more than some blue chips from the leverage. Here are some of them in my portfolio. + +Trillium Gold Mines ([TGM](http://www.trilliumgold.com/)) + +Trillium is a gold exploration company based in Canada ’s Red Lake gold camp in northern Ontario. For me, gold has always been a reliable safe haven against uncertainty, and maintains its value as trillions are pumped into the economy, leading to inflation. Gold is also utilized in both high-end electronics and jewelry. + +Netlist, Inc. ([NLST](http://www.netlist.com/)) + +Netlist is a company in the key semiconductor industry, and this is already the company's initial added value. The United States has a vested interest in preserving and increasing the value and market share of semiconductor companies. + +Royal Helium ([RHC.V](http://www.royalheliumltd.ca/)) + +Royal Helium Ltd is focused on primary helium production exploration and development in southern Saskatchewan. As helium prices rise due to an imminent supply issue caused in part by the Amur fire in Russia and the announced US disposal of a federal helium system, I've been growing an appetite to obtain additional exposure to helium companies. + +How about you guys? What penny stock bets are your portfolio's best picks? +First big time casualty of the pandemic: + +https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=searchresults&page=1&pos=1 +This is literally WTF! Imagine risking your 42 ETH for a newly created token that is not even known much. + +A guy lost over $135k while trying to purchase a token named "fees.Wtf" + +The user accidentally swapped 42ETH for 0.00004 WTF. ,the actual value of the token was just $0.000005 + +This happened due to low liquidity in the trading pool . + +>Fees.WTF is a tool that allows users to track the fees they spend on ETH.It airdropped it's WTF tokens on Thursday. + +>Use cases include staking WTF or it's liquidity pool tokens with annualized returns of up to 7,000% + +As soon as the token got listed on ETH based exchange Uniswap,speculators hoping that an eventual price rise would net them handsome returns.In this race, the guy lost 42 ETH. + +>The developers seeded the initial pool on Uniswap with over 2,211 WTF and 0.000001 ETH causing a huge imbalance in the trading pool. This allowed users to sell low amounts of WTF for relatively high amounts of ETH, while buyers of WTF ended up purchasing the tokens at a much higher value + + + + + + + +Source : https://www.coindesk.com/markets/2022/01/14/someone-accidentally-lost-135k-trying-to-trade-feeswtf-tokens/ +DOGE was a whopping .14 cents when I woke up at 6 a.m. at 7:30 A.M the price jumped 12% and within 5 minutes was back down to .14 cents and now sits at a 3% total gain for the day... + +It's so nice that the clear pumping from influencers is dying down. Regardless of how you feel about DOGE any crypto banking on a billionaire just trying to fill their own bags is terrible and will most likely leave you burned. + + +If you're curious someone actually wrote a code and tabled all of Elons tweets in correlation with the price. https://www.r-bloggers.com/2021/07/the-elon-musk-tweet-effect-on-dogecoin-doge/ his affect is definitely dying out. +[My post](https://np.reddit.com/r/EthereumClassic/comments/6d2czs/to_new_investors_i_hope_youre_investing_in_the/dhz8391/) + +[My ban](http://imgur.com/a/Pkk6V) + +I guess the snowflakes can't handle a simple question. Is there another place where I can discuss why would anyone put money on ETC? + +The huge majority of the Ethereum buys are happening through the ETH/BTC pair. + +Let me explain what's actually happening: + +A lot of people are bringing in fresh money (USD, Euros, Yuan) into Ethereum. This money flows to Ethereum **through** Bitcoin. + +Try to picture that in your mind: + +Right now there are many many people buying Bitcoin, with the sole purpose of exchanging their BTCs for ETH. That's clearly being shown in the volumes, with Ethereum now having [an equal or even higher daily trading volume](http://coinmarketcap.com/currencies/volume/24-hour/) than Bitcoin. + +This results in a constant strong buy support that keeps BTC up at its current levels. + +The people who are **selling** their ETH for BTCs are just keeping the BTCs and aren't cashing out to fiat **because** the sellers are typically crypto traders who are in the cryptoworld for the long run, so there is no real interest for them to sell BTC for USD. + + +But there are of course always exceptions. And the exceptions are still putting more price pressure on Bitcoin than the ones who are entering the cryptoworld with fresh money for Ethereum. + +That's why the Bitcoin price is slowly dropping. It isn't crashing because of the above reason, but it's dropping nevertheless. + +**The Bitcoin trading volumes confirm the same story:** + +When it drops, it drops with big volumes (= people cashing their huge profits out). And when it rises, it rises in tiny volumes (= people buying relatively small chunks of BTCs to trade for ETH asap ). + +That's what you are seeing, and it's because of this buy support that Bitcoin isn't tanking yet. + + +But the tables are about to turn, and the markets will see a huge disruption in the upcoming weeks. + +Reason is: **Homestead** + +Homestead is coming live on Monday, the 14th of March. + +A lot of exchanges are waiting for this moment to start opening the trading pairs for Ethereum. And knowing how huge the Ethereum trading volumes have been, chances are they will be offering **ETH/USD** pairs, **ETH/EUR** pairs, **ETH/YUAN** pairs. This is important and will be a huge change compared to what we're used to so far. + + +People on these exchanges, will no longer have to go through BTC to buy Ethereum through the ETH/BTC pair. The buy support for BTC will start to disappear rapidly resulting in a fast and hard price crash on the BTC/USD market. +Please don't judge, I'm just 20 and trying to make ends meet. + +Essentially onlyfans asks me to provide a vat number but I'm not sure if I need one unless I go over like £10,000 a year or whatever the self employed amount is before you have to register for tax. Does anyone know? +I preface the following as a vent: + +I’ve been noticing a material uptick in the mega PE funds (KKR, Apollo, BX) introducing their offering to the HNW/UHNW folks through a more recently created distribution channel. + +Many a blue moon I have come across prospective clients to our MFO with the most fee ridden investment products. I-capital feeder funds? Unnecessary insurance products? Front and backload mutual funds? Funds with 12b1 expenses?? Blah. It’s shameful the amount of “overhead” we’ll call it, that is so prevalent across the world of investing. + +For every policy or product sold, there are literally years and years of superfluous and avoidable fees the client bares, and I’m sure in some cases, without even knowing. My particular least favorite is the I-capital structures I’ve seen, placement fee to the broker, annual feeder fund management fee, and even an incentive fee to the feeder fund?? All on top of the underlying managers 2/20 fee. Oh and that’ll go on for 10 years, please and thank you. + +I have no problem paying for performance, but the overhead involved here is just ludicrous. + +On the topic of Interval funds and liquidity structures like B-REIT and other liquidity mismatched products (BCRED?), of course it sounds good and everyone wants in on these steady yeti “returns”, till there is a liquidity crunch (and there always is) and now all of a sudden you can’t even access your money (and that’s after waiting the 1 year mandatory investment period). You’ll submit redemption instructions, get prorated like everyone else, and oh, if you didn’t read the fine print, you’re going to have to resubmit your instructions every quarter to be considered part of the redemption Pool. + +I literally met with Starwood a few weeks ago and they were pitching how great their private reit was. Needless to say we politely told them to F off. However many people aren’t as comfortable/informed to read offering memorandum and understand the egregious economics and mark ups that firms tend to charge. + +Just a vent, but as an admirer of efficient markets, it is frustrating to see people get into such inefficient products, especially when, if you have the scale, you can just go direct. + +Anyway, I’ll get off my soap box. Thank you for listening. + +Curious to hear other folks experience with such things. Positive experiences? Negative? In between? + +Article on the topic here - https://www.barrons.com/amp/articles/starwood-reit-blackstone-breit-withdrawal-limits-51670167909 + +Edit - Great twitter thread explaining the predicament specific to these types of funds: https://twitter.com/philbak1/status/1600277515146182656 ; 3.62% annualized fees on "NAV" per poster's math. + +Edit - added more details, changed tone to be less…venty and self righteous. +This bear market hits really hard, but is this the bottom signal we have all waited for? PlanB has shared a referral link to ByBit exchange (ranked 17th on CMC) to his 1.8M followers, starting a lot of laughs and confusion on crypto-twitter. He also recommends options and futures. Sadly he did not say whether we should use 10x or 25x leverage, leaving people wondering and unsatisfied... Maybe the right amount of leverage will be described in the hinted article he is writing! + +https://preview.redd.it/vv0o9a8z9j991.png?width=582&format=png&auto=webp&s=6738c481df1ebb84cac1dfdd04580bda35e8108c + +After decoding the twitter link you get: + +https://preview.redd.it/cu3swn35aj991.png?width=782&format=png&auto=webp&s=9d2d5c85d03e6a63bb43e7b6d3be94227960f87d + +What comes next? (; + +FYI - I'm not giving links to his twitter profile, I'm sure everyone can find it and verify for themselves that these are legit screenshots and a legit profile! +Hi folks, let's talk about [Dr. Marco Metzler's recent post on LinkedIn](https://www.linkedin.com/posts/dr-marco-metzler-403341163_last-opportunity-to-hedge-against-the-crash-activity-6873422325123969024-Tbup). + +I'm seeing some posts floating around expressing disappointment or anger directed towards Dr. Marco Metzler. Some feel betrayed because Metzler has been proactive about Evergrande, nodding at apes for being on to something, and subsequently telling people he bought puts + sold crypto/stocks. + +Whatever your view might be on what will happen, let's get this straight. Most people **do not throw all their money on one bet**. Especially those educated in finance, people will often take several different plays which conform towards one particular perspective, in this case, an impeding market crash. + +It is very normal for someone with his background to buy puts and sell risky assets in anticipation of some big crash. He is an individual investor with a unique history and perspective. Just because he doesn't share yours to the fullest degree doesn't mean he's a shill trying to distract you from Buy&Hold&DRS. + +Despite using the traditional methods for betting on these events, he said to go long GME/popcorn. That's misguided, more so than mischievous. People in his position have too many things going on that they can't take the time to read all the DD. Realizing why popcorn stock is a trap and Gamestop is the only true play requires someone to have delved into this topic deep enough to understand all the tricky nuances at play here. For you, that may seem trivial by now, but it really, really isn't for outsiders like himself. + +I have yet to read anything related to Dr. Marco Metzler that clearly indicates he's sus. Just give him a break, please. No one wins by starting some misguided witch hunt. Focus on the matter at hand: Buy&Hold&DRS. + +Personally, I'm mind-blown by the fact that some random finance dude with a real reputation to uphold is publicly confirming things we've been theorizing for months. Let's just take it as **confirmation bias**, not financial advice 👍. Keep on Buying&Holding&DRSing. +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 seeing debates around whether Ryan Cohen or the company would be the catalyst and why that would or wouldn't be the case. + +This is just my opinion, but I feel like the most important factors are being sidelined. + +Ryan Cohen has duties to both his company and its shareholders, the people who invest and have a stake in it. One of the arguments people make is that his job is only to turn the company around and so he can't be relied on to allow MOASS to happen. + +My response to that is in two: how can the company fulfill its ambitions without shaking these detrimental short positions, triggering MOASS, and how effective would the company's comparative transition be without MOASS? + +Overstock struggled for years waiting for aggressive short sellers to close their positions. The SEC was complicit. Eventually, they take matters into their own hands, issue dividends, shorts get squeezed and the stock is thriving to date. They couldn't grow without this happening. + +I'm sure Cohen and his new board are thinking this same way. Shorts must close their positions for GameStop to succeed its potential, and until then it's a heavy burden on the company's growth. In this same vein of thought, Cohen's duty also involves protecting the company's shareholders from predatory, illegal practice, where possible. GameStop is already cooperating with the SEC, awaiting updates, so hopefully this is in motion. + +My second point is triggering the MOASS would be the single greatest tactical decision a company could make. Not only is the stock going to drive insanely high which is good for its inside shareholders (don't forget many of whom have left top executive positions at Amazon and are getting paid *exclusively* in equities), but it would create millions of loyal, newly minted global customers who are going to have your company exceeding earnings expectations every single quarter. Apes are already doing this *without* millions of disposable income. + +A forecast of constant quarterly business growth and high employee and customer satisfaction for the foreseeable future is what any chairman and board - especially one in their first few months - could ask for. + +Of course GameStop can turn around into the e-commerce behemoth it is in front of our eyes without MOASS, but just try to imagine the astronomical reach **with it**. I'm positive the board are as aware of this as they were when they signed the contracts to agree they'll be paid solely in equities. + +You add these to the teases we've had from Ryan Cohen and GameStop's social media, and I don't see how it could be construed the company could prevent or have no reason to trigger the MOASS through some kind of corporate action. They know what's happening as much as apes which is evident from the cryptic nods. + +Of course, this says nothing about the potential dates; it isn't until it is. + +Power to the hodlers. + +💎🙌💎 +🚀🚀🚀 +Just came into $200,000 investable money, + +Me and my spouse’s TFSA contribution room - 147,000 +Not interested in RRSP’s at this time just looking to see what some other Canadian investors would do + +I like dividends , I don’t mind paying for mer rates for ETF’s and I’m not apposed to index funds - timeline is about 15 years I have everything else sorted out in terms of finance and just throwing out the question to Reddit to see what others would do + +Thanks again, + +Stay safe +Title pretty much sums it up. Never thought I’d get addicted to the stock market... I’m constantly distracted and keep checking my phone for updates, don’t listen to lectures (never really did anyway fuck zoom university smh), and once the market closes, all I do is read the news about certain stocks and companies, then go on reddit, then discord, then twitter, then instagram. I swear I watched every single video about stocks on YouTube already. I literally can’t sleep right now cuz I’m excited for 9:30 am tomorrow. Fuck bro this is unhealthy but I’m making bank. anyone else feel the same way? + +$GME $BB $AMC 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Generally curious, because I see so much (78% SR, 4% FI) on this sub, how many of you are on this path with little or no plan? I see such minutia detailed out on some pretty wild plans. Not having a plan keeps it fun for me. I fully intend to be retired by about 52. I max retirement accounts, save more on top of that and will be in a very comfortable situation, but that's more than 20 years away for me! Who knows what the stock market, macro picture, healthcare etc will look like? I get budgeting and motivation but to anyone sweating a little market downturn because it blows up your spreadsheets, go buy yourself a nice dinner and enjoy life! Is anyone else in the same boat or am I in the minority? +The one that's most likely to succeed and compete with SafeMoon I believe is SafeGalaxy. + +SafeMars hit their ATH on day 12 +SafeStar hit their ATH on day 8 + +All coming after being listed on Coin Market Cap + +SafeGalaxy is on day 6 and is not on Coin Market Cap yet. + +&#x200B; + +Prices of each as of this post. + +SafeMars 0.0000000162 +SafeStar 0.000000014 +SafeGalaxy 0.00000000784 + +&#x200B; + +From now until SafeMars ATH around 0.0000001 +SafeMars 6.1x +SafeStar 7.1x +SafeGalaxy 12.7x + + +From now until SafeMoon ATH around 0.00000054 +SafeMars 33.3x +SafeStar 38.5x +SafeGalaxy 68.8x + +&#x200B; + +From my experience, the ones that last have a strong community in discord. +SafeMoon has 17,969 + +SafeMars has 861 discord members, I couldn't find a SafeStar discord and SafeGalaxy has 1,586. + + +SafeGalaxy has almost double the members of SafeMars and is constantly growing, not on Coin Market Cap, and still has a 12.7x from SafeMars ATH and a 68.8x from SafeMoon ATH. I don't think you're going to get another chance to get in this early on a strong community that is growing every day and has yet to see mainstream publicity yet. +Join their discord @ [https://discord.gg/vFeeYYux](https://discord.gg/vFeeYYux) +I'm really devastated. Just looked at my wallet today when I was thinking of buying more bitcoin, all to to find out all my cryptocurrency is gone -- valued over $40,000. I spent years earning it and resisting pulling it out, hoping I could eventually use it to pay for college tuition. + +Here are the facts: + +- I have a Ledger Nano S wallet. + +- That wallet had 4.77 LTC, 4.48 ETH, and 0.73 BTC. + +- The Ledger generated a passphrase containing 24 words. + +- I recorded that passphrase on a piece of paper and hid it. + +- No one had or has access to that paper. + +- That passphrase (those words) were NEVER entered anywhere. (Not even on my phone) + +- On February 24th at 5:45 AM Eastern Time, the BTC was stolen. + +- On the same day, at 6:46 AM and 6:48 AM, the ETH and LTC, respectively, were stolen. + +- I also has a Trust Wallet. + +- I had $1500 worth of NPXS and $1000 worth of TRX in that wallet. + +- On February 24th at 6:48 AM and 6:55 AM both of those were stolen. + +- The passphrase for the Trust Wallet is saved as a screenshot on my iPhone. + +- My iPhone has not left my possession. + +- My iPhone has a 6 digit passcode. + +The recipient address for the BTC is: 3EP2Bq6yMpXQc3TvoxLtwDsd1tg2A59CJs + +Note: Both wallets were hacked on the same day at around the same time. Both had separate passphrases. + + +No one has access to that paper and that the thief’s wallet address for BTC has other larger transactions. + +Did not have the 25th digit only 24 passphrase + +Can someone please shed some light on what can be done, if anything? How were both wallets compromised at the same time?! If nothing can be done to retrieve the crytpo, what can be done to prevent this from happening in the future. + + +Update: + +Will reply to everyones as soon as I can. Have school work that I need to get done, and can’t let two things go bad. + +For those who are asking this is the transaction link to the btc that was stolen (the majority of my holdings that was stolen): + +https://blockstream.info/tx/4b05e788a4338d330f3d8a19c87c520e78db28c356c1e6bc1fd4d7e186c91892 + +Heres also the eth one: +https://etherscan.io/tx/0x735f8a22d5dd00af8aafc7cc701571c8fd4a88d646127d060d6c44d5637a233b + +Also, not sure if its safe to post all of the transactions? +Guten Tag to this global band of Apes! 👋🦍 + +I apologize for the abrupt end to updates yesterday. +I had some internet connection difficulties, and unfortunately was not able to resolve them quickly. +Everything seems to be working again. + +The astoundingly low volume continues to be an indicator of just how much of an impact DRS is having. +Yesterday's volume hit a new all-time low. +I recall when a pre-split volume of 2.2m shares would have felt a bit on the dry side, but now we're effectively 1/4 of that. +It is truly remarkable the power that our Diamantenhände have. + +Today is Thursday, November 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$27.30 / 26,22 €** *(volume: 1327)* +- ⬜ 115 minutes in: $27.30 / 26,22 € *(volume: 1327)* +- 🟥 110 minutes in: $27.30 / 26,22 € *(volume: 1319)* +- 🟥 105 minutes in: $27.32 / 26,24 € *(volume: 1315)* +- 🟥 100 minutes in: $27.50 / 26,41 € *(volume: 364)* +- 🟥 95 minutes in: $27.50 / 26,41 € *(volume: 360)* +- 🟩 90 minutes in: $27.53 / 26,44 € *(volume: 358)* +- 🟥 85 minutes in: $27.53 / 26,44 € *(volume: 349)* +- 🟩 80 minutes in: $27.53 / 26,44 € *(volume: 349)* +- 🟥 75 minutes in: $27.53 / 26,44 € *(volume: 329)* +- 🟥 70 minutes in: $27.53 / 26,44 € *(volume: 289)* +- 🟩 65 minutes in: $27.61 / 26,52 € *(volume: 289)* +- 🟥 60 minutes in: $27.33 / 26,25 € *(volume: 209)* +- 🟩 55 minutes in: $27.40 / 26,32 € *(volume: 209)* +- 🟥 50 minutes in: $27.28 / 26,20 € *(volume: 209)* +- 🟥 45 minutes in: $27.39 / 26,31 € *(volume: 159)* +- 🟥 40 minutes in: $27.40 / 26,32 € *(volume: 159)* +- 🟥 35 minutes in: $27.41 / 26,32 € *(volume: 159)* +- 🟩 30 minutes in: $27.47 / 26,38 € *(volume: 159)* +- 🟩 25 minutes in: $27.47 / 26,38 € *(volume: 159)* +- ⬜ 20 minutes in: $27.46 / 26,38 € *(volume: 149)* +- 🟥 15 minutes in: $27.46 / 26,38 € *(volume: 149)* +- ⬜ 10 minutes in: $27.47 / 26,38 € *(volume: 137)* +- 🟩 5 minutes in: $27.47 / 26,38 € *(volume: 58)* +- 🟩 0 minutes in: $27.45 / 26,37 € *(volume: 58)* +- 🟥 US close price: $27.14 / 26,07 € *($27.16 / 26,09 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0412. 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! +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +Also, on weekdays, I started making a **”DRS question and answer”** post with a team of volunteers that are happy to answer any questions you might have and help you DRS. Link at end. Credit u/estrovia for the idea. + +#OK, let’s start… + +Yes, apes are adding on to their existing DRS positions, and yes, there are fewer duplicate accounts being opened for us by CS, **BUT** + +#The rate of new CS accounts over time is dropping. + +34,000 in October + +15,000 in November + +17,000 in December + +10,000 in January + +**8000 in February**(less than half of previous 4 month avg. + +**And the BOT average hasn’t been rising.** My biggest worry about DRS numbers is that once all apes who are going to DRS, do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person and Tweet or comment about DRS outside of Reddit every day, the float would be locked in no time! Twitter, FB, Stocktwits, etc. EVERY APE should do this now!!! I’m tech challenged. I do it, so anybody can. (See my tweet link at end of post) + +2. Apes with money tied up in **”other investments” consider converting those to GME and DRS**. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit if you can or DRSing your IRA. **Tried-and-true new IRA DRS link :** https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling and re-buying hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Seriously, go read their TOS. Also, see link at the bottom of this post. Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are shills, bots, apes with multiple accounts, and dead accounts. I think it would be generous to say there are even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1281xx means there are 128,100 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1791** apes that submitted a CSX number, the number of accounts per ape is 1.32. This reduces the 128,100 CS accounts based off of the high score to actually 97,045 “unique-ape-CS accounts”. (Maff=128,100/1.32) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#97,045 x 159.49 = 15.5M shares DRS’d. + +This is the current number of accounts per high score 128,100 adjusted/divided by 1.32 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit (or others that know about DRS), and even IF they all DRS, the average number of shares per ape would need to be 252 to lock the 63M. An extra $10,000+ per ape at 120/share!!Obviously this will take a much longer time to accomplish. Even if we DRS 4M shares every month from October 31 2021 forward, it would take us until January 2023 to DRS the 63M shares. + +**Etoro screwing an ape:** https://www.reddit.com/r/Superstonk/comments/sutu2v/those_fckrs_closed_all_my_positions_etoro/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf +**Another scary Etoro post.** https://www.reddit.com/r/Superstonk/comments/t3m6g8/etoro_just_sent_me_this_email_are_they_preparing/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +**From Fidelity TOS:** +“#10. Modification and Termination +"I agree that Fidelity may modify, change, or discontinue the Services in whole or in part, at any time, which may cause me to lose any notes that I have stored in the Services…. +**Fidelity may revise, modify or amend this Agreement at any time without notice. I understand I should check this Agreement regularly."** + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March earnings release, we will be lucky to be at 16M. Don’t wait for that number. **Get to WORK** and spread the word about DRS to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Read your broker’s TOS. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +**NEW DRS Daily Q&amp;amp;A post** https://www.reddit.com/r/Superstonk/comments/t1lnya/fill_yer_time_with_millertime_ask_or_answer_drs/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf + +**One of my Twitter scripts:** https://twitter.com/millertime1216a/status/1495553243014905856?s=2 + +**Classic from u/Criand about DRS causing MOASS**: https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=u + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 +I'm sure that you all are aware of this phenomenon, it seems that whenever ARK fund manager Cathie Wood invests in something, the individual ticker will always take off upon the release of daily trade notification reports. + +One recent example would be PLTR - when PLTR was down about 2.27% on 14 Jan. After the trade notification report of ARKW's 497k shares purchase in PLTR was released after trading hours, reddit/stocktwit community immediately started to share about the news and it further amplified the news to a huge extent, where it popped 11% the next day after opening before inching back down. + +Or another one would be the recent announcement to start a ARK Space ETF - and space related stocks were soaring on the very next day. + +This phenomenon almost seems like the Midas Touch, where she has the ability to touch (or invest) anything into gold due to her almighty influence. Honestly, the best play I would reckon would be just to invest in her ETFs given the self-fulfilling nature and you never know when she will dump the stock (since a sell-off will inevitably follow thereafter). + +Any thoughts about this? +...unless your DD is made to take all of our trendies on repeat, then it makes sense to delete. + +Seriously, half of the DD in my saved posts that seemed logical and I wanted to track is deleted. I've been taking screenshots and noticed that traders* will often delete DD that was wrong...stop doing that, own your mistakes and share them with the world like you would loss porn. Deleting DD makes you seem like a BS shill or a candy ass pansy but more importantly it will make you and us worse traders. + +*generous term for the people here +Basically as the title says- do you do this?? Is it worth the hassle? More specifically I'm talking about shopping around and taking the benefits of one, then switching to another deal. Thoughts?? +I'm a first time home owner in Melbourne.. Well, technically not quite yet. + +Settlement is in about 2 months and I'm nervous as I wait for the bank to hopefully approve my loan! + +As I rush to replenish my now nonexistent savings buffer, please share with me your stories about when you first bought your PPOR (or even investment properties I guess) and the drama/costs that popped up that you never expected? + +Edit: there are lots of good comments in this thread for first home buyers. Thanks and keep them coming! +Hope this is an okay sub to post this in. Currently making £36k, been offered £40k doing the same job elsewhere but don't really want to leave so am considering asking my current employer to try and match the offer. + +I work for a non-profit and so I'm pretty confident that they won't match it, so I'm questioning if I should ask about it at all or not, especially since I probably wouldn't leave even if they didn't match it. I don't want to sour any relationships or get myself a reputation. + +I think I know the answer here, I just wanted to ask the community about a) asking for more money when the difference is relatively low and +b) asking for more if I'm not willing to leave either way. + +Thanks so much +[https://www.change.org/p/nirmala-sitharaman-withdraw-ltcg-buyback-tax-save-equitymarkets](https://www.change.org/p/nirmala-sitharaman-withdraw-ltcg-buyback-tax-save-equitymarkets) + +&#x200B; + +Lets share it widely so that more and more people put pressure. I am not active on any social media, so requesting all to please share this with your friends. EPF related changes which was proposed by Jaitley was withdrawn after such kind of pressure. Hoping 1% against hope that something positive happens with this. +I understand the net debt-free doesn't mean any liability. I a novice investor to try to understand why an asset-rich company like RIL is going the way of debt-free, but they could have used that debt as a tax shield. What am I missing here? +I believe that over the next 2-3 years there might be a trend to go after local products rather than foreign ones. +What all sectors/companies will grow due to this? +What all things that are imported from China will be replaced by the local products? +Took out a credit card loan to invest in stock market. + +So, I just did it. My Discover Bank was offering a balance transfer of up to my credit limit which is $19,400 at a 3% fee and no interest until 12 months has passed and the balance hasn’t been re-payed. I took out a $5,000 loan with an upfront fee of $150 or 3%. I plan on investing this money into Apple, Tesla and QQQ with hopes that the return at the very least is 4% on that $5,000 to break even on the loan after IRS takes their taxes on those gains within the following year. I anticipate getting much more than 4% return on that $5,000 within a year which will effectively net me a profit. I’m new to investing and I believe this action is called investing on margin. I chose a $5,000 loan, because the monthly amount to pay it back within a year fits in my budget and I can stomach losing that much money as opposed to going all out with my $19,400 credit limit in which I can’t afford to lose that. What do you think? +Hello, I just had a thought and wanted to share it and see other people’s opinions about this. + + + +The thought below is based on an assumption that marriages are less, married people are having less kids, and less # of people per family. + + +With that being said, Do you think that people would steer away from large spaces (Villas, multiple bedrooms apartments) and start investing in smaller spaces, thus increasing their prices? +I purchased a multi unit property where I live with my partner. For various reasons, I decided to purchase the property entirely in my name, and 100% of cash to close came from my capital. I currently pay 100% of the mortgage and utilities. + +My partner wants to invest in the property, in order to have some ownership, and to tap into potential appreciation through strategic upgrades as well as future rental income (the other units are vacant for now). They are able to contribute cash, as well as sweat equity. This would be a benefit to me as I could use my capitol for other things. + +What would be a fair and equitable way to structure some type of buy in? Should they contribute towards the principal and interest as well to gain equity? What about taxes? I'm feeling lost as to what to offer. + +Right now, it's not an option to buy a second property together, since my partner needs to build income history to get pre-qualified. + +EDIT: we are both in agreement to do a prenup before we get married. +Bought my first SFH and am going to manage the property myself despite my wife telling me not too. + +I have a ton of connections with plumbers, Hvac, etc. and know the ones that are cost effective so I am good there. + +What tips do you have for all the other stuff, finding a tenant, screening a tenant, marketing, payments, etc? +I really want to learn this business and be as hands on as possible even if it involves some headaches. +As the title says we used a wealth manager, which I know was stupid. He had done well by my wife’s family and against my better judgment of investing myself we went with him in April of 2020. In 2020 we made about 25% and I was thoroughly impressed. However last year in 2021 our investments had grown to almost $100k by February. At the end of 2021 we had lost almost $10k, so we’re just under $90k overall balance, while the indexes made 25+%. + +I realize the markets are down YTD but because of our 2021 losses our investments are down to our original contribution amount, which is unfathomable to me given market performance in 2020/2021. I think I have answered my own question but we are trying to decide if we should cut our losses and just invest in the indexes like I originally wanted. Any thoughts or advice? + +Edit: For those asking here is a screenshot of our positions https://imgur.com/a/WecijT0 +Throwaway account here. I’d like to consider myself fairly savvy when it comes to personal finance - but I’m not 100% confident on Crypto, and could use some advice here. + +Due to a combination of mental health and my mom’s poor health, my Dad has recently agreed to an early retirement in his 50s. Neither of my parents are working, they are renting, they have some government financial support, they have some history of poor financial decisions. My Dad has worked in banking for most of his career, will have some sort of pension but I don’t know to what extent, and has recently gained access to somewhere in the realms of 75k inheritance money. + +I was speaking to my sister recently, who has been into crypto for the past year or so and has made a few thousand out of it. She was referencing the price movement of ethereum, and then added in “but I don’t have as much as Dad”. I needled her further on the topic, and it sounds like my Dad has put 50k+ into Crypto, mainly btc & eth. + +It came as a shock to her, I don’t in any way think that she suggested that he do that with the inheritance, but given her own interest in crypto she isn’t as shocked and horrified as I am. + +I don’t think that my parents have enough money for a comfortable retirement in their 50s from his pension and a 75k inheritance, and given the poor mental health I’m worried that this is a bit of a desperate move. + +What can I say to him about the risks of crypto? Is this level of exposure into crypto as insane as it sounds to me? I understand a bit of a punt but at this level it feels like he is really relying on it going well. +https://www.cnbc.com/2018/10/07/china-cuts-some-banks-reserve-requirements-to-spur-growth.html + +Looks like China is loosening up to make their economy more attractive. This may take some other Asian currencies with them. Will the US feel the need to respond sooner rather than later and what are the implications for stocks, bonds, etc..? (... and maybe the real economy?) +We've had a few red days. Let's learn some lessons from each others' mistakes and have a few laughs. + +I'll start - bought CGX after the crash at around $12, before the Cineworld deal fell through. Thankfully it was less than a thousand so I've just considered it a complete write-off, and will hang on to the bottom just for jokes in case of a complete miracle. + +Edit: to the people posting the times they cashed out their profits too early - I feel your pain, but are you saying you've never had a loss before? Leaving money on the table isn't dumb, it's prudent to take your profits and walk. +I remember reading on Reddit a while back that a gas station that sold gas futures to its customers existed somewhere in the U.S. I'm assuming these customers pay upfront for a specified number of gallons which they can exercise at any time (more of an option than a future I suppose). My question is how such a place could survive rising gas prices and how the company actually generates profit? +UPDATE (4/14): A bonus for voting in governance polls has been implemented starting with this distribution, following the successful passing of [this proposal](https://www.reddit.com/r/CryptoCurrency/comments/m7ehzz/proposal_5_bonus_moons_for_anyone_who_votes_on/_). + +Karma/Moons ratio: Each 1 point of karma in this round corresponds to 0.88 Moons. + +\*\*\* + +Moons are r/CryptoCurrency's version of Community Points. [Community Points](https://reddit.com/community-points) are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. + +Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. + +This distribution is based on karma earned from 2021-03-17 to 2021-04-13. [Here is the data.](https://reddit-meta-production.s3.amazonaws.com/distribution/publish/CryptoCurrency/round_12_proposed.csv) + +To propose an alternative distribution: + +* You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily). +* The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative. +* Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing. +* In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions. +* In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one. +* If no alternative passes, the data provided here will become official. + +The contribution scores for this round will be finalized on 2021-04-21. Any poll proposing an alternative needs to be completed by then. + +After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app. +I am looking at graduate salaries and I am shocked that they have remained the same for so long. The big 4 were paying £24k for new grads in London in 2003 and now the starting salary has gone up to £30k. I remember BT offered £28k for new grads in 2006 and looking at their website they are now offering up to £31k. Most schemes haven't really increased their pay much in 15 years. +A Short open letter to the predatory elite: + +Regardless of the FUD, regardless of the DD! Nobody should care anymore, flood the sub with stories both real and fake, still nobody will fucking sell. + +You have tried to slide the forum, you have tried everything, there is NO POWER on Earth or anywhere that will ever get retail to sell - especially while you still exist. + +YOU WILL NEVER GET US TO SELL + +The end. +I am a manual trader - not entirely discretionary, as my strategy remains systematic but contains a degree of discretion. While not yet a successful trader for a variety of reasons, I don't think discretionary trading is flat out unprofitable because I have seen enough track records from people to suggest it is doable. However, as you probably know already if you actively trade, being in the phase where you're still trying to figure out what and how to trade comes with a lot of uncertainty and frequent bouncing around (different assets, different strategies, and so on). + +I do think you can help me solve one of the doubts I have always had, though, so I'd appreciate to hear your opinion on a well-accepted (it seems by conversation with algo traders) fact - which is that you cannot create an algorithmic strategy that will work forever, and that these kind of strategies are often replaced. The work of an algo trader is one of constant research and development of new strategies, and the monitoring of those in their portfolio of algos to quickly remove what no longer works. + +This is something I accepted as a fact, and the agreed upon principle is that the main advantage of *not* being an algo trader is that you can adapt to changing market conditions and trade the same strategy forever. This is what discretionary (or even semi-discretionary) traders say and believe, and it is what brought me to this style in the first place. + +However, I have never understood why. What makes it so that a price action strategy is evergreen, while algos just stop working after a while? + +I did some research, I spoke with some algo traders, and I think I have some ideas as for why this is and I'd like to hear what you think. Or, perhaps you believe discretionary strategies suffer from the same issue and those like me are delusional - I want to hear that side too. + +The main answer I found for myself is that the driver of algo strategies is fundamentally different from what drives a price action strategy. An example would be a strategy I saw around here, where a person tested the correlation between the price of graphic cards and cryptocurriencies - in this case, it is easy to see why this would not work forever. It is not scalable and it will probably not continue forever. +Hello, + +I've been using Julia for past year and found it very interesting and useful programming language. Especially for it's perfromance and simplicity (as I do not have CS background). Seems to me that the langauge should gain popularity in future. + +I was wondering what quant finance professionals or hobbysts think about the language. Is it going to be more popular or even be a serious competition to python? + +I am asking because I've been thinking about making a portfolio optimization and backtesting library in Julia. I am unsure however if it will be used enough by other quants (as I don't want to develop it only for myself!) + +Thanks! +Let's say I got some really great strategies. High and stable return with low volatility, very small correlation to market. + +If I stick with this strategy and this continuously works well, I'll be very rich, maybe.. after 10-20 years? Although yearly return is awesome, I'm not trading tens or hundreds of MM. The return can buy me toys or cars. But it won't be big enough to change my life. + +So I want to maximize my profit from this strategy. First I can think of Quantopian but return seems to be quite small (only tens of grants at best, is it?) it's smaller than return from my own money trading. Also my strategy can get stolen or leaked. + +To start a hedgefund, I'm totally no name with no background in finance industry. Although back-tested performance is excellent, length of actual trading isn't that long. No one will fund me. Actually I know no one in finance industry to ask. + +Any other service similar to Quantopian but provides better chance? or any other options? +I keep blowing accounts after I get in profit. I know most of it is on me but I was wondering if anyone found better results lowering there leverage when trading. +A lot of people on here have obviously been burnt here, including myself. + +It's been showing multiple signs of reversal, but the reversal has never materialized, except on the lowest timeframes (below 1 hour). On a timeframe like the 4h, it is still parabolic. + +A lot of people were expecting it to reverse at 92, but it blew right through. + +I'm still in the game, and have been averaging up. I'm down a significant amount thus far, and will likely be exiting this in the red. My hope is that we get a reversal on Monday that will allow me to break even. + +Q to the other shorts here: + +How are you doing? What are your plans for next week? +got 3 "friends" that are currently doing it but we don't speak too much anymore nor are they willing to teach me anything. any heads up or pointers would be much appreciated +When a strategy that was winning stops working for a long time, do you have to start the process all over again of pausing live trading, going back to demo, backtesting a tweaked strategy till you find something consistently profitable, forward test and then live trade again? + +I hear everyone say trust your system. I also hear people say no system works forever and will need changing. + +If so what sort of things do you tweak? +Hit a mile stone yesterday, and since then everything has been extremely clear. Don’t think it will always be this way, but sure feels like gold. + +So I’m curious if any of you remember the day that everything clicked for you. +I really hope this takes off because I would love to hear everyone's input. There is always a lot talk on this thread about what to buy or sell, but I want to hear about people's "ah-ha!" moments. + +I'll never forget mine: 11th grade economics class. The teachers asks the class, "if you had $1000 and you could buy 1 stock for $1000 or 10 stocks for $100 each, and you know you are going to get 5% return for both options, which will make you more money?" Smartass high school me answers the 10 stocks. He happily uses me as an example on how many investors think when it comes to stocks. + +A close second: a college professor asks how much money we would need to make a year to be happy. A student says $200,000. He then explains that all you need is $10 million to invest in safe bonds that yield roughly a 2% return to live happily ever after. Of course, you need $10 million, but it really opened my eyes to how the rich are able to get richer sometimes effortlessly. + +I am hoping to hear some of your stories, theories, equations, etc. + +I work for a private venture backed company (series C) at $20M annual revenues. The company is at 80% growth although not profitable. + +I want to sell some of my stock for down payment on a home. The company is not listed on sharepost or other private stock exchanges. + +What are my options to sell some private company stock or get some debt against it? + +Edit: if this is not the right forum, let me know if I should post this somewhere else? +Anyone have experience switching accountants while there are significant ongoing items? + + +I have been having issues with a larger regional firm in terms of incompetence and bad communication, and want to switch to a smaller boutique firm that I am comfortable with. The issue is that we have a bunch of stuff still outstanding with the old firm. + +We have done all our estate planning with them and we have a gift tax return that maxes out the lifetime exemption that they might have to justify their valuations on for the coming 2 years. They also filed for our PPP loans and I'm sure will be important to forgiveness calculations. + +So if the breakup gets messy, I'm concerned about the new firm not being familiar enough with our historical data to defend it in case of an audit and the old firm not giving a crap because we left them. + +&#x200B; + +I was considering moving the only the corporate accounting since that is where the major issues have been and leave the personal stuff with them. That way they would have some incentive to keep doing good work. I could also phrase it as a trial period where I wanted to compare services? +The fear and greed index is at "extreme fear" and bitcoin's value has plummeted from 350K to 65K which is below its previous ATH from the 2022 bull run. + +Thousands of new investors who entered the market in the 2025 bull run are googling the word "capitulation" for the first time. + +Elon Musk has announced he's running for president as a Republican in 2028, and has a pro crypto platform. Despite falling over 90% from its ATH, Elon continues to shill Dogecoin as a valid form of currency. His tweets no longer seem to have an effect on the price of Dogecoin as most investors now see his long lived obsession as being out of touch. + +Centralized exchanges now only able to offer rates around 1 - 2% after all the SEC regulations that were put in place to protect consumers after the 2022 crash. This still attracts new investors looking to make some passive income on their bitcoin, despite the recommendation of seasoned crypto holders still bitter about having their funds frozen by Celsius. + +The top posts on r/cc are mostly meta posts about the community, criticizing other posts and judging perceived sentiment from members of the community. People will comment "I bought bitcoin at 40K in 2022 and I'm doing fine". Others will reply "Wow, you have a lot of willpower not selling at 350K". For some this is true, and for others they just did a poor job taking profits and are content to wait it out until the next bull run. + +"At least I learned some important lessons". They tell themselves. "I'll change my strategy and do better next time". +And because of that, it will not be taken seriously. Not for a long time. We buy shitcoins for a pump, we dump good coins to follow whales, we inspire others to join in not for the sake of the idea of crypto and what is can be but the opportunity for making a quick buck. We pretend people will catch on and finally just pick and stay with a coin they believe in, but crypto wont trully hit its potential in use until we stop dumbing it down into a get rich quick scheme. I want to use our cryptos anywhere i go but people became hesitant to even adopt it nowadays. + +Edit: im not going to reply to everyone but some of you should atleast skim through the thread to atleast see if your talking point you wrote is already made by another user. + +Those who simply just come and say "youre wrong" without even an argument to back it up. Youre a waste of time. + +I have my opinion on this and it can change but im really not going to change it until the community itself changes. Some of you try to justify this way that were proceeding but you simply arent thinking of others imo, just yourselves and your understanding of the current market which allows you to capitalize on it. Profit on it. And blame others for the weaknesses crypto has. + +If you dont want to atleast to see another light of a topic because youre adamant on keeping your own point of view in tact, just ignore this post completely. Theres enough people already circlejerking the same talking points regardless if theyve been proven wrong or inconsistent. So please talk about something that helps create understanding or good arguments for future use. Thats all i have left to say. + +I wish you all the best and i hope we make it in the next 10 years. +With this whole movement towards Afterpay and millennials being more conscious about getting a credit card, I'm just curious - these credit card companies, banks and non-banks (eg. American Express Australia) have a reputation of making a killing from credit card interest. + +I pay off my credit card monthly and even though my credit limit is larger than my monthly salary, I never spend more than my monthly salary on the card. **Am I a rare unicorn?** I'm just interested in the national statistics on this topic overall. +I am currently in the dumps! I currently live more than 6hrs away from home to study a full time course. I have been looking for employment during the time of the course, however no-one wants to take a busy student like myself, as my school hours are 7:30am - 5:00pm. I began this course June of 2020 (6months after graduating High School), and I still haven't had any luck with AuStudy or Youth Allowance. + +So last year I got accepted into my course, and managed to find a room to live in which was the cheapest I could find in my area. I just needed some help financially from Centrelink to get my foot in the door, I had saved for 6 months prior to the course starting but was quick to learn that money goes quickly when you have food, rent, fuel, stationary etc. to pay for when moving into a new house, as well as being in the Aviation industry - not the cheapest industry to be in. I was 18 when starting and I turned 19 in September, collectively my parents earn 6 figures, however they don't financially support me, they have bills to pay, other family members to pay for school fees etc. We moved to Australia in 2008 from South Africa, where we are now Australian Citizens, and my parents have never been given/taken a single cent from the government since moving here, they worked their butts off to look after their boys and give us the best life we could. + +I contacted Centrelink regarding their AuStudy and Youth Allowance program to make life a little bit easier on myself, however they came back telling me I am not eligible due to the amount of money my parents make. I told them that my parents cannot financially support me to move to another city and to pay for my expenses until I get a job. I told them I can't financially support myself until I get a job, therefore I needed help. So I decided to go into a Centrelink building to try my luck there. Only to find I am not eligible for the same reason, what hurt even more is that it felt like they didn't even try to help this young kid who has moved from home trying his absolute best to make a living and work for his future career, I was quite upset at this point but I kept my head high and trudged along. + +Now I tried to tell them that I am completely Independent, however they came back to me saying that EVEN IF I AM INDEPENDENT, by their books I'm dependent until I am at the age of 21, no questions asked. This has completely ruined me mentally after 8 months the financial stress and anxiety is insane. So this has pretty much left me in the sort of position where I am on the back bone after this amount of time financially and 4 unsuccessful attempts trying to change my answers to at least try and get a couple dollars to help me out. I see so many other people who use and abuse the system they have and it hurts me. + +TL:DR - Centrelink is a joke. +We (wife 30, me 30) met with an advisor through our bank this week to start a 529 for our 1 yo. + +Instead they suggested we pay off our student loans (100k) within 5 years. I had previously counted on PSLF until entering the private sector (70k salary). My wife is now a stay at home mom due to child care costs. + +Just curious on others takes on this. We have about a years worth of expenses saved with only our mortgage being our other debt (besides some pediatrician bills). + +Thoughts? + +Edit: appreciate all the input! General consensus (TLDR version )was in agreement of paying off our current student loans before contributing to 529. There was some discussion of returning to public sector to work towards PSLF though as others pointed out this may be a lost cause due to the program acceptance rate. Finally, some talk of my wife returning to work. We are on waiting lists for childcare and plan to have our second child soon. This was the major reason for her not returning to work would be the current lack of childcare and upcoming second child (2x the child care costs). Obviously pros/cons but appreciate the info everyone! +Robinhood let me do an instant deposit of $1,000 so i figured what the hell, I have nothing to lose at this point. If they are going to give me an out I'm going to try to take it... Bought the only contract i could afford for this Friday and went to spend some quality time with her. Just sold this morning. https://imgur.com/f6QqH8Z + +Edit - DON'T PAPERHANDS THIS LIKE ME. JUST HOLD EVERYTHING. If i would have taken my own advice i would have been at +30k right now. EVERYONE JUST HOLD. My financial position did not allow me to hold on but you all CAN DO IT. +The sell off seems to have no end in sight. I understand many will suggest just buying SCHD, but I’m talking about Verizon right now. I’ve read through the fundamentals and reviewed the debt schedule. I’m just not sure if it’s worth even continuing to hold in my port at this point. What are your thoughts ? + +They don’t have problems servicing debt, but the sell off seems to have no end in sight. +Is the belief that jepi will keep this dividend for the foreseeable future 1 year? 10 years? And what exactly is the argument that the price of the underlying would see growth as well? + +I’ve seen so many posts about jepi and schd at this point you start to wonder. + +Personally having a hard time wanting to buy and hold this right now without pairing it with a put… +I keep seeing people saying not to invest in dividend stocks until you are close to retirement and are trying to get a “paycheck” from them, and to invest in value or growth stocks when younger. + +It makes just as much sense to me to get dividend stocks and DRIP them as it does to get value/growth stocks in the younger years though. + +Is there a reason not to invest an IRA in dividends and DRIP ? Is it advantageous for some reason to have growth/value stock in tax advantages accounts? +When creating a dividend portfolio, how many stocks should be held? Im working on being diversified to mitigate risk and want to know what a good average of holdings should be in a portfolio. So far I hold 6 stocks which include finance, healthcare, industrials, consumer discretionary and and an ETF (VTI) +So this is the method I’ve come up with for doing DD on a company I consider investing in. I know and understand this is not a fool proof method, but it’s worked very well for me, and I think it could help some people to try and be critical and balanced, without pumping or cheerleading. It’s a two tiered system, and seems to provide all the necessary questions I need answering when I’m trying to decide to throw money at someone. + +**CORE** + +>Product + +-Is it something people have/find value in? Beneficial? Desirable? etc. You gotta have a good product. + +>Management Focus + +-Are the managers clowns, or industry pro's? Do they have a plan? Are they focused? Got vision? Will they take the company in a direction I think is profitable? + +>Revenue + +-How much revenue do they generate? Where does the spending money come from? How are sales? Service? + +>Debt vs Assets + +-Are they in the black or upside down like Stranger Things? Do they owe more than they make? What do they own that makes them money, vs what they have borrowed on that costs them money? How's the overhead? + +>Risk + +-Is it a pretty safe bet short term/long term? Does it seem feasible that they will grow or prosper, vs fall and break their own teeth out? + +**Shell** + +>Hype + +-Are people taking about them? In the news? Is fucking reddit jerking off about them? + +>Price + +-Do I have to take a 2nd mortgage out to afford a good position? Can I pick up enough to make a fair profit with money I already have, or do I gotta clear some other holdings out to be where I want share wise? + +>Potential + +-Is the product, sector, industry, or climate even receptive to the business model? Is this some Beannie Babies shit, or the best thing since sliced bread? + +>Activity + +-Has the company even active? Are they enthusiastically pursuing success? Taking steps to be better? More efficient? Relevant? Innovative? Or, are they coasting along like a fat guy in Lazy River? + +EDIT; Refined the Debt vs Assets category to include expenses. + +EDIT II; Wow, lots of awards and great conversation around this! Thanks for all the constructive input and a little headcount of haters is always a good sign! +$ABML + +American Battery Technology Company (ABTC), entered into escrow on 13.8 acre property located at 695 E. Sydney Drive, Storey County, NV. The parcel is part of the Tahoe Reno Industrial Park known as the largest industrial park in the world + +Note: the land is just **minutes from the Tesla gigafactory**, about 2 miles as the crow flies or 3 miles by road. + +ABML’s battery recycling plant will be in the next town over in Fernley NV with construction likely to begin in late June. +Hi all, + +I’m working in London and looking to move closer to my job. I make £30k p/a which comes out to just under £2k a month after taxes. + +I currently rent a room for £600 p/m and pay around £200 in transportation costs/commuting. + +Today I went to see a studio for £700, which I’m calculating will actually be closer to £900-950 after all the bills. It’s walking distance from work so no more commuting costs. + +I guess my question is... is this a dumb move? I always heard the “no more than 30% of your salary” rule and I’d be closer to 50% if I bite this bullet. +I am an ex-programmer that is now a manager for technical and non-technical teams. I worked really hard at school and the start of my career and now I am lucky enough to make a enough income to pay all of our bills and save $2k a month in pensions and investment contributions. + +My wife is currently taking care of our new born but she plans to go back to work for 2 days a week which will bring in around an extra $3k a month that we could put towards investments after extra costs on daycare and a likely increase in discretionary spending (not too much extra spending though). + +I have a pretty good work life balance working around 35 hours a week and can work from home around 1 day per week if I want/need to and I am lucky enough to enjoy what I do (although work politics are not ideal). + +I could pick up a programming side gig, I used to be a technical lead for some large well known companies using architectures and techniques that are still quite new and in demand but I honestly cannot be bothered to do so. + +Whilst I enjoy programming I take a craftsmanship approach to my work so I find it incredibly stressful working with low performing teams or poor developement environments. + +I feel like if I did do a side gig I wouldn't have automomy over my work and I'd burn out pretty quick or I'd just be stressed and miserable. Not the types of feelings I would want to have in my house with my wife and new baby. + +Does anyone else feel like not using their skills to bring in more income? Did it change for you later on? I am conscious that having a baby is pulling me in one direction but I feel as my child grows and develops I would want to spend more of my spare time with them not less. + +I do plan to do some maths tutoring in the future but that is more so I can get some practice to help my own child with entrance exams for selective schools. I live in London and whilst this increases competition I would also be able to charge more. + +Also if it adds anything to the conversation we should be FI by 42 and plan to RE at 50. +I live in urban Washington DC. Rents around here are down 25%+ depending on what you read. In addition, 25k+ more rental units are coming online in the next 3-years. However, the purchase price of multi-family has not budged at all. + +I know there is a lot of investor money trying to get put to work, but the numbers on these deals are terrible. At these prices and reduced rents, units that weren’t cash flowing before COVID are now bleeding by hundreds a month. + +I feel like I’m crazy, but I feel like something’s gotta give. I’m trying to buy a multi-family urban property, but sellers are still expecting full freight. +Indicators of recession in the housing market are being picked up by the mainstream [media](https://money.cnn.com/2018/08/01/investing/markets-now-lindsey-piegza/index.html). + +> "One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable." Piegza says that echoes what happened right before the Great Recession in 2008. + +> "We're not there yet, but this is what led us to the housing crash," she said. + +And many metro areas (including my own) have been seeing almost double-digit growth in median home prices for the last year or two. + +When do you, as an individual investor, decide to hold off on acquiring new properties and just save cash? +Hypothetically speaking, let’s say you have enough money in a stocks account to purchases 4-5 houses with 20% down. + + +Would you rather cash out now and generate the monthly income of approx $300 monthly per house or let the stocks account do it’s thing over time? + +Edit: The dilema here is that you can gain or lose money in stocks without even doing anything. BUT if you cash out of stocks to buy RE, you will have the ability to generate monthly income and eventually recuperate 100% of your initial investment. +A very large piece of land in North east Texas that was previously being used as a summer camp is being developed as a gated community. It is 2 rows of lots around a fairly large lake for around 80K for a 1.5-2 acre lot. Roads are supposed to be built, but there will be no sewage (will need to instal a septic tank). In all around 100 lots are for sell and almost all of them have been sold in special selling events, only a few lots in the 2nd row remain. I live far away and do not plan on developing the land myself. Everything I am reading tells me that investing in land is super risky, but this seems to me like an exception to the rule. What am I missing? What is the biggest risk in this type of investment? +I took my 14 yo son to an onsite (+ online) auction around the corner this morning. The auctioneer was aghast at the lack of bids. This place has an ARV around 600k (edit, 550k safer) assuming full gut, and sold for 345k. Unheard of here. What’s more, this is 6 acres of very prime location land, and subdivision plans are already approved. At 345k there is 200k+ in not too difficult upside here. A fantastic buy. But nobody wanted it. Buyers are spooked. + +A month ago at a courthouse steps auction in Towson, MD, no homes sold and the bank bought them all back (9 properties). The numbers don’t make sense, even for those desperate investors. Again the auctioneer was flummoxed. + +If this indicative of the deals around the corner in 1-3 years, it’s going to get interesting. + +[Link to auctioned property](https://www.ajbillig.com/auctions/upcoming-auctions/residential/Jacksonville-3519-Stansbury-Mill-Road-2022-06-17) + +Onsite auctions will get encroached on by online more and more. But for those I’ve been at, the online crowd is not too engaged in the bidding. Being there in person changes everything. +I'm a long-term holder of property (singular) but still have to work part-time. This year I've decided to read read read all about multi-families instead of single homes. I told a few friends about it and one guy brought up REITs. + +I looked into it and it seems REITs are just investing in these people who would do the job I'd be doing instead. I don't know much about them but figured I'd start a chat about them and see where it leads. + +EDIT: Thanks for the candid responses. If I do go that route/add to my portfolio, I'll definitely be thinking about the cons. +So I lived in a quadplex that I house hack. One unit is vacant and was broken into last night, I had the people kicked out. The damage is low just a broken window but the house smells like cigarettes what is a good trick to get rid of the smell? They only smoked in there for a night from what I can tell. But the smell is there. Any tips? +I've researched this and tried to understand it. So far what I've gathered, I'm selling someone else's shares that they've bought on credit? Seems crazy... can someone use cows or milk or something simple to break down how this is possible? Lol. I'm open to any and all other barnyard analogies. + +It seems to my novice brain that you wouldn't always be able to short any stock you wanted. Do (most) all stocks have shares bought on credit that you can sell? + +Sorry for my ignorance, and thank you in advance for your knowledge! +**Background** + +Globalstar, Inc. is an American satellite communications company that operates a low Earth orbit satellite constellation for satellite phone and low-speed data communications. Meaning they do location services (GPS), data transmission (cellular), and sensor data (bluetooth low energy). Globalstar is partnered with Jeep and They have recently obtained and solely own some 5G spectrum, Band n53, for use with utilities. That last part is key. + +&#x200B; + +**Timeline** + +\*This DD/research is from the perspective of someone very familiar with the telecomm and connectivity industry. \* + +***May 1st*** \- Executive Order issued from White House and Trump Administration to ban use of technology and components from potential foreign adversaries (China, Russia, etc.) that involve our power grid and utilities in the hope to prevent cyber attacks. Device manufacturers will now look to leverage USA and friendly nation based technologies and components which means a boost for companies like Globalstar. + +**May 1st+** \- News starts to spread through the electronics and connectivity industry about the executive order. Many people see the trend and precedent established by this order and are switching their technologies even if they are not involved with utilities. + +***May 18th*** \- Directors and Executives see the writing on the wall and load up on 200k+ shares. + +***June 3rd -*** Globalstar rushes to announce their ST-100 chip which provides Cellular data, GPS, and Bluetooth, so they can capitalize on the market shift. Has FCC and IC certifications (USA and Canada). J + +***June 17th -*** Globalstar and Nokia publicly announce and demonstrate LTE Band n53 (part of the 5G spectrum) at Technology Conference with focus on utilities. + +***June 23rd to 28th -*** Globalstar goes on a hiring spree to design new modem(s) to capitalize on market shift and 5G spectrum. RF Front End Design Engineer, Firmware Engineer, Software Development Engineer. + +**July 7th - Earnings to be announced. This is based on previous quarter earnings being announced on May 7th.** + +**Financial** + +Multiple Form-4s filed on- June 4th + +Director - Keith Cowan, picked up 50k shares at $0.3078 and owns 248,908 total shares + +VP of Finance - Tim Taylor, picked up 50k shares at $0.3078 and owns 1,508,112 total shares + +Director - Benjamin Wolff picked up 50k shares at $0.3078 and owns 299,917 total shares + +Director - William Hasler, picked up 50k shares at $0.3078 and owns 483,908 total shares + +\*Upcoming Q2 Earnings Report around July 7th. Previous quarter earnings looked solid and hoping to have the same or better in Q2. Other tidbits - Partnership with Jeep to have co-branded products to serve the rugged vehicle market. New influx of customers to track shipments during COVID-19 outbreak.\* + +**Sources** + +SEC Filings - [https://investors.globalstar.com/financial-information/sec-filings](https://investors.globalstar.com/financial-information/sec-filings) + +Globalstar - [https://investors.globalstar.com/](https://investors.globalstar.com/) + +Spot (subsidiary partnered with Jeep) - [https://www.findmespot.com/en-us/](https://www.findmespot.com/en-us/) + +Whitehouse Executive Order - [https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-powe](https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-powe) r-system/ + +WSJ Exec Order - [https://www.wsj.com/articles/u-s-moves-to-block-imports-of-some-power-equipment-11588346518](https://www.wsj.com/articles/u-s-moves-to-block-imports-of-some-power-equipment-11588346518) + +Band 53 LTE Approval (Utilities) - [https://investors.globalstar.com/news-releases/news-release-details/globalstar-and-nokia-demonst](https://investors.globalstar.com/news-releases/news-release-details/globalstar-and-nokia-demonst) rate-band-53-private-lte-solution + +Jobs Posted on LinkedIn - [https://www.linkedin.com/company/globalstar/jobs/](https://www.linkedin.com/company/globalstar/jobs/) + +Most recent jobs posted on LinkedIn - [https://www.linkedin.com/jobs/search/f\_C=8763&f\_TPR=r604800&locationId=OTHERS.worldwide](https://www.linkedin.com/jobs/search/f_C=8763&f_TPR=r604800&locationId=OTHERS.worldwide) + +Partnership with Jeep - [https://investors.globalstar.com/news-releases/news-release-details/spot-announces-new-licensing](https://investors.globalstar.com/news-releases/news-release-details/spot-announces-new-licensing) \-partnership-jeepr-brand + +Products with Jeep - [https://investors.globalstar.com/news-releases/news-release-details/spot-introduces-new-spot-x-je](https://investors.globalstar.com/news-releases/news-release-details/spot-introduces-new-spot-x-je) epr-edition-2-way-satellite + +**Summary** + +Globalstar is a USA based company that provides asset tracking, cellular data and voice, and more via it’s own satellite system. These are critical in commercial markets such as transportation, construction, and utilities where items are very expensive or communication is critical, but hard to access. There is an Executive Order from the White House to remove all foreign adversary telecom equipment from our utilities and power grid due to risk of cyber attacks. This puts Globalstar in a great position as they recently pushed out their new ST-100 product AND bought 5G spectrum (band n53) to be used in utilities applications (which they showed off at a conference this month with Nokia. They are partnered with Jeep and have an upcoming earnings report for Q2. Insiders own 64% of shares and have been loading up according to SEC filings. The future seems very bright for this one and I’m hoping we caught it early. Possible medium term play too if you want hold. + +EDITED: Fixed the formatting on all the sources. +China for sure has a real estate bubble, but one could argue that so does the US. However, China's authoritarian political system allows it to aggressively and directly impose severe economic restrictions wherever/whenever they want (I'm looking at you, TAL, EDU, BABA, DIDI etc). + +So when Evergrande was facing mounting debt from the real estate bubble, the CCP took a sledgehammer to their debt problem, and made it a full-blown bankruptcy crisis. **Evergrande will fail, but the question is, will be it a Lehman Brothers moment in China (and therefore, globally)?** Or is this nothing serious to be concerned about? I'm 25% in cash right now, waiting for the September dip, but should we be expecting something far worse? + +TLDR: will China's real estate bubble burst and cause a financial crisis, that has global ripple effects? +I currently have two HYLN puts, one is 11/6 $30, and the other is 11/6 $25. Obviously both of those are way ITM. In hopes of not getting assigned and the stock price increasing again, I have been rolling the puts out every week or so. It has been working so far, but if the stock price keeps dropping I will have to take the loss eventually right? + +What strategies could I employ to minimize risk? Should I just continue rolling in hopes on never getting assigned and the stock price increasing again? Thoughts? + +Thank you all! +Are there good analyses or books on this leveraged investment: writing a naked put vs buying a stock on margin? + +They are related, but not exactly the same. For example: + +Writing a naked put has limited upside. But can earn interest on the credit from the option. + +Buying shares on margin has unlimited upside. But need to pay margin interest. + +What are the factors that should be considered when doing one vs the other? For example, the delta or strike price of the put will matter a lot. Am looking at writing 0.3 delta puts, compared to buying the underlying on margin. + +I understand the downside risk of doing anything leveraged. Am specifically interested in comparing these two. + +Interested in hearing your feedback! +Would love to hear any words of advice from the veteran wheelers out there who’ve had success with the strategy and sticking to it throughout. Is it common for risk profiles to change? Moving away from individual high IV stocks, to high IV ETFs like TQQQ, then ultimately are wheeling spy/russell? Thanks in advance. +Not denying that RC isn't wicked smart - but I suspect SHF have tried to buy him and failed. This is what I believe happened with AA and Popcorn stock. AA sold out and that is why he has come out spewing BS like ' no evidence of naked shorting' and bypassed the stockholder vote to produce shares to ultimately help SHF cover. BBBY also had execs infiltrated by SHF , which contributed to RC being so angry and denouncing their overpaid leadership. + +Since RC is so smart, he played along long enough to get the SHF to show their hand and acquire key details. This is one of the many reasons why I think he knows the SHF playbook so well. RC with his business experience has seen SHF cellar box other companies and had some idea how the this process took place, but I believe he managed to get the playbook directly. SHF knows he knows and is why the smear campaign against him is so aggressive and over the top. +Which is what? The price tanks a few bucks in the following days, and we have to endure what we have been enduring for months on end? C'mon HFs I'm into that shit. + +Don't know about you, but *I could do this all day.* + +We all read the DDs, we know the fundamentals. + +I personally expect next level fuckery in the upcoming days, so I'd suggest you brace yourselves + +All this aside, my gut is telling me that + +# Apes are ready. + +for anything really + +&#x200B; + +I'm not a financial advisor + +🚀🚀🚀🚀🚀🚀🚀🚀 +[https://www.theguardian.com/society/2019/jul/08/nhs-faces-existential-threat-as-senior-doctors-work-to-rule](https://www.theguardian.com/society/2019/jul/08/nhs-faces-existential-threat-as-senior-doctors-work-to-rule) + +&#x200B; + +What's going on here? I can understand the not wanting to hit the pension life-time-limit. But what's with the 'having to remortgage their homes to pay' or the 'cannot afford to work any extra Saturday shifts this year because it would give him a large tax bill he cannot afford to pay'? +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. + On Twitter this morning, Rosenberg says: + + +>So we have a monetary policy in Canada that is being influenced by the 8&#37; of the population that blew its brains out on debt. How wonderful. This is why the rest of the country pays the price via a CAD that should be closer to 85 cents than 78 cents if Canada/US rate spreads were zero instead of chronically negative \(with oil prices where they are trading today\) + +Thoughts? + +Intense demand for Canadian apartment buildings has come roaring back, despite the pandemic, reigniting bidding wars between institutional investors for rental towers across the country. + +With private buyers lining up in spades again, older properties have become prized assets – especially those with recent vacancies. These buildings tend to charge rents far below market rates, which gives prospective investors a better chance to quickly increase vacant unit rents once the economy recovers. + +New rental developments, meanwhile, have lost some of their lustre. Rents in these properties were often priced at the high end of the market pre-COVID, in line with condo units, and the pandemic has hit this sector the hardest because international students have not flooded major cities as usual and many Airbnb units are being converted to long-term rentals, which boosts supply. + +The renewed hunger for rental properties, seen in a surge of bidding wars this fall that would routinely draw 10 or more interested buyers, technically extends a trend that erupted one year ago when Starlight Investments bought a portfolio of 44 dated suburban rental buildings for $1.7-billion. It was among the steepest valuations in Canadian commercial real-estate history, relative to the properties’ rental income. + +But as the pandemic engulfed the globe this spring, fuelling a national lockdown, Canadian apartment-building sales ground to a halt. In an instant, investors grew terrified by the prospects of plunging rent collections and mass unemployment, largely freezing the transaction market for multi-family properties, as rental buildings are referred to in commercial real estate. + +Such fears are now quickly disappearing, at least among institutional buyers such as real estate, private equity and pension funds. Rent collections remained remarkably stable throughout the pandemic, never falling below 97 per cent at Canada’s largest publicly traded multi-family REITs, and now that vaccines seem to be around the corner, sophisticated money managers are scrambling to buy Canadian rental buildings all over again. + +“The irony is,” said Brian Kriter, an executive managing director at Cushman & Wakefield, the market for Canadian rental buildings is “the most competitive it’s ever been.” + +Minto Apartment REIT recently bid aggressively on a large rental property known as Le Cartier in downtown Montreal next to McGill University, according to senior vice-president Dan Dixon, but didn’t even make it to the second round of bidding despite knowing the market well after some acquisitions there last year. + +Such heavy demand has pushed property prices into the stratosphere. “Investors are buying apartment buildings at valuations never seen before,” said Mark Kenney, chief executive officer of Canadian Apartment Properties REIT, the country’s largest publicly-traded rental building owner. While many property deals are private transactions, Mr. Kenney cited some recent sales in mid-town Toronto that were completed at capitalization rates around 2 per cent, an astonishingly low level. + +Cap rates, as they are commonly known, are the rate of return owners expect to earn on a property, measured by comparing anticipated rental income to a building’s value. The more expensive a property, the lower the cap rate. Five years ago, the average national cap rate was 5 per cent, according to CBRE Research. + +Many of the market fundamentals fuelling investor demand were in place pre-pandemic. Chief among them, Canada had seen hardly any new rental development for decades, which meant roughly 80 per cent of the country’s entire supply of apartment buildings was constructed at least 35 years ago, according to Starlight Investments. + +For a while, the condo boom added enough new rental units to satiate rental demand, because many owners would lease their units, but over time the demand overwhelmed supply, especially for more affordable rental units in major cities. The mismatch was only exacerbated by higher immigration targets set by the current federal government. + +In 2019, Toronto’s population grew by 127,575 people, but new completions of all housing types rose by 27,410 units. In Ottawa, the population grew by 24,796 people but only 5,936 dwellings were added. + +Because there hasn’t been enough supply of new units, the national vacancy rate fell to close to 2 per cent last year, according to Canada Mortgage and Housing Corp., and average national rents grew between 4 per cent and 5 per cent per annum in 2018 and 2019. These increases were even more dramatic for select properties, and just before the pandemic hit some large, multi-family building owners reported rents jumping 25 to 30 per cent when a tenant turned over. + +“Any time you can combine defensive attributes [such as low vacancy] with growth, that’s the holy grail for investors,” CBRE vice-chair Paul Morassutti said in an interview. + +What’s changed one year later is that investors can fund any purchases at even lower rates than before. In commercial real estate, mortgages are often priced off of 10-year Government of Canada debt. The yield on these bonds has fallen by almost half to 0.8 per cent over the past year. + +However, a sharp reduction in the number of newcomers to Canada, fuelled by the pandemic, has been a headwind this year. In major cities such as Toronto, dwindling numbers of international students have hit condo unit prices, and rents have been falling, especially for newly constructed apartment buildings. + +Remedying this, the federal government has already pledged to significantly boost immigration levels, with the goal of bringing in 1.2-million newcomers over the next three years – a move that satisfies many institutional real-estate buyers who have ample capital to think in years, not months. “Investors in apartment properties are looking through 2020 and 2021,” Minto’s Mr. Dixon said. + +The demand isn’t spread evenly coast to coast. Most notably, cities with heavy exposure to the energy sector, such as Calgary, have seen occupancy rates fall more than others. Still, the average drop in these markets of 3 to 5 per cent this year, according to a CBRE survey of landlords, is only slightly more than the national average drop of 1 to 2 per cent because wage support from the federal government, both through the Canada Emergency Response Benefit program and the employer wage supplement, has cushioned the blow. Calgary-based Boardwalk REIT still collected 98 per cent of its rents this spring, and this figure has ticked higher since. + +The bigger disconnect is the discrepancy between prices of buildings sold in private markets and the valuations of publicly-traded apartment REITs that own these same types of properties. “In the transaction market, valuations are going through the roof,” CAP REIT’s Mr. Kenney said. “In the public markets, apartment REITs are trading way below net asset values.” + +CAP REIT’s market value remains 18 per cent below its record high set in early March, even though it has collected 99 per cent of its rents this year. The company is also trading below its net asset value, which means that, theoretically, it could sell every property one by one and earn more than its market value. Minto is in the same boat. + +There are many theories as to why this difference exists. For one, REITs tend to be owned by retail investors, and they may be skittish about commercial real estate in general, given all the fear in the retail and office sectors. On Thursday, retail real-estate giant RioCan REIT slashed its monthly payout by one-third. + +But Minto’s Mr. Dixon is frank when asked to explain it. “I wish I knew,” he said, “because then we could do something to address it.” + +https://www.theglobeandmail.com/business/article-sophisticated-investors-are-desperate-to-buy-canadas-apartment/ +So my kids have generous relatives and i'm thinking about investing their savings for them. Obviously i'd want this to be in low risk funds. Leaving the money to rot and lose value in a bank account seems like such a waste. At least 10 years in a low risk but decent return investment looks like a no brainer. Has anyone else done this? Advice/ideas? +WeCommerce - "We start, buy, and invest in the world’s top Shopify businesses." + +Ticker: **WE.V** + +**WeCommerce** acquires and operates companies that sell digital products/services for Shopify stores, mainly premium Themes, apps, and web design agency services. + +Bill Ackman is an investor in the company, as well as the family office of Howard Marks. + +The themes and web design services are normally a one-time fee, apps are usually like small SaaS services with recurring monthly revenue. + +They had **9,475,338 M** in revenue in the 6 month period ending June 2020, 20% increase from the same period in 2019. + +Around 26% recurring revenue, 48% digital goods revenue, 26% agency service revenue. + +Financial statements are on page 105 of IPO filing. + +[https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00048158&issuerType=03&projectNo=03146236&docId=4847628](https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00048158&issuerType=03&projectNo=03146236&docId=4847628) + +[https://www.wecommerce.co/](https://www.wecommerce.co/) + +The companies that they own/operate. + +* [https://pixelunion.net/](https://pixelunion.net/) +* [https://outofthesandbox.com/](https://outofthesandbox.com/) +* [https://www.yopify.com/](https://www.yopify.com/) +* [https://www.suppleapps.com/](https://www.suppleapps.com/) +* [https://www.rehash.com/](https://www.rehash.com/) +* [https://foursixty.com/](https://foursixty.com/) + +[https:\/\/twitter.com\/awilkinson\/status\/1329493747868991489](https://preview.redd.it/adj17c002e561.png?width=1200&format=png&auto=webp&s=6b45aa8d747c8b6877bbcc96575698313bd9f6ad) + +* I started a small position in WeCommerce Dec 14. +I'm seeing all this bullshit about the "bystander effect" with everyone registering. The _fuck_? Don't y'all know: + +- Between [this post](https://www.reddit.com/r/GME/comments/pznp1b/be_the_change_you_want_to_see_in_the_world/) and [the update 10 hours later](https://www.reddit.com/r/GME/comments/pzwli5/float_chart_guy_is_already_back_with_update_2/), seems like apes are registering at a rate of 2,500 an hour (they update every 25k increase). + +- At an average of 10 shares / ape being registered, that's **1,000,000 shares every 40 hours**. High AF so pls check my math LOL. + +- But anyways **at an average of 100 shares being registered per ape, the 63M float will be locked up in <10 days** (and it might take some of y'all that long to even _get_ registered) (this does not account for transfer time) + +- I'm too high to find the link but I also saw some shit where a ComputerShare employee accidentally leaked that GameStop actually _is_ gonna do an NFT dividend. **IF THE FLOAT IS LOCKED UP IN DRS, DO YOU THINK YOUR BROKER SHARES WILL GET A _UNIQUE_ DIVIDEND?** SPOILER: >!l'mayo no!< + +Anyways if y'all aren't FOMO DRSing I think we're not reading the same shit here lol + +_____ + +Edit: So I'm seeing shit in the comments about this being FUD about broker shares "not counting". I'm not saying that shit & I still have shares in other brockerages (diversivied lol) and fuck me this weed's good anyways this is about NFTs I'm pretty sure you can sell your shit on reputable brockerages during MOASS k? + +edit 2: like seriously don't y'all want *the* MOASS NFT dividend? Like either DRS will lock up the float (making dividend proof of DRSing & contributing to MOASS), or NFT will trigger MOASS (making NFT itself a piece of the MOASS trigger). Like that's gonna be valuable to a lot of new billionaires IDK +&#x200B; + +https://preview.redd.it/hmv56nut3oh91.png?width=1920&format=png&auto=webp&s=538c1707e093d4971299107eda18596fee3d96b7 + +[View Poll](https://www.reddit.com/poll/wo4mp3) +Anyone else in the same boat ? Being so young this loss has really taken a toll on me and every night I just think about how stupid I am for losing this much. I don’t have rich parents but I am fortunately to have no college debt because of a merit scholarship . Most of the money I lost was from unemployment in 2020 and other grant money but it still feels soul crushing losing all this money at a young age . I feel like I’ve ruined a decade of potential wealth . + + +**Benchmark: The Journey so far** + +The industry has seen great growth since the bull run began and as it stands now, we have seen the gains obtained during this run as one solely driven by mass adoption by the masses as they are all curious about the opportunities held within the industry as opposed that found on the traditional market. + +Benchmark protocol since its launch, has continued to build products that conform to the vision of being a cross-chain utility platform for users as the major objective is to provide an elastic stablecoin alternative to DeFi, and has continued to gain support across chains as DeFi has grown beyond the Ethereum Blockchain. I know a couple of folks will be asking what are milestones the project has since launch, well they are listed below: HURRAY!!! + +* Benchmark has been accepted into the Binance <> ORBS [Defi.org accelerator](http://defi.org/) +* Our long-awaited explainer[ video](https://www.youtube.com/watch?v=-lsJM-Aq1wg&ab_channel=BenchmarkProtocol) has been created +* The Upcoming Benchmark Protocol P2P Marketplace has been[ Audited](https://twitter.com/Benchmark_DeFi/status/1390313026444828672) by Certik +* A new[ Syrup Pool](https://twitter.com/PancakeSwap/status/1389985013437923332) has launched with 51,500 xMARK worth $300,000 on PancakeSwap +* xMARK-BUSD got an official PancakeSwap “BOOST” with[ 458% APY in CAKE rewards](https://twitter.com/Benchmark_DeFi/status/1390143921884475393) +* All funds on[ The Press](https://thepress.benchmarkprotocol.finance/) have been[ insured via Nexus Mutual](https://medium.com/benchmarkprotocol/benchmark-protocol-adds-smart-contract-cover-for-the-press-using-nexus-mutual-7ec2509fd677) +* xMARK (ERC-20) has been listed on[ Gate.io](https://www.gate.io/en/trade/XMARK_USDT) +* MARK is whitelisted on[ Balancer](https://medium.com/benchmarkprotocol/mark-is-whitelisted-on-balancer-for-liquidity-mining-bal-tokens-dfa4fe98ad90) for farming $BAL tokens via liquidity mining +* Farming on Pancake Swap[ xMARK-BUSD](https://pancakeswap.finance/farms) with xMARK-CAKE Syrup Pool +* [Beefy.Finance](https://medium.com/benchmarkprotocol/the-benchmark-community-introduces-yield-optimization-with-beefy-finance-feb087accc38) supports xMARK-BUSD LP tokens for added yield farming +* [Ben Sparango](https://twitter.com/bennybitcoins) joins the Benchmark Protocol[ Advisory Panel](https://benchmarkprotocol.finance/why-benchmark#team) +* [Manan Patel](https://twitter.com/Manan77Patel) joins the Benchmark Protocol[ Advisory Panel](https://twitter.com/Benchmark_DeFi/status/1369307940595904515) +* Single Asset Staking for xMARK, our governance token, is live on[ The Press](https://thepress.benchmarkprotocol.finance/stake) +* [Token holders](https://etherscan.io/token/0x67c597624B17b16fb77959217360B7cD18284253#balances) approaching 5,000 since our[ previous milestone](https://twitter.com/Benchmark_DeFi/status/1362868324409950210?s=20) of 2,500 two months ago +* Advisor[ Nicholas Merten](https://twitter.com/Nicholas_Merten) previewed the first-ever[ sneak peak of the Marketplace](https://youtu.be/kspoyNYKP6I?t=835) +* Whitelisted tokens for the upcoming Benchmark Protocol P2P Marketplace launch:[ LINK](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-link-in-advance-of-the-benchmark-marketplace-launch-48a5f5d80ad6),[ DODO](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-dodo-in-advance-of-the-benchmark-marketplace-launch-c2041b41b68b),[ ORBS](https://medium.com/benchmarkprotocol/the-benchmark-protocol-team-is-excited-to-announce-that-the-orbs-network-token-orbs-will-be-b33ed13c6680),[ bZx](https://medium.com/benchmarkprotocol/the-benchmark-protocol-team-is-happy-to-announce-that-bzrx-token-of-bzx-network-74f522d9cbf3),[ ONE](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-development-of-marketplace-to-harmony-one-token-whitelisted-edec8ca4be93),[ CAKE](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-marketplace-development-to-binance-smart-chain-whitelists-cake-for-29cfe4fb0b6+),[ GLM](https://medium.com/benchmarkprotocol/benchmark-protocol-whitelists-golem-glm-in-advance-of-the-benchmark-marketplace-launch-8ec491405432),[ OCEAN](https://medium.com/benchmarkprotocol/ocean-protocol-partners-with-benchmark-protocol-to-list-ocean-on-lending-platform-c59125025980),[ MATIC](https://benchmarkprotocol.medium.com/benchmark-protocol-x-polygon-formerly-matic-integration-announcement-9febe2af877e),[ xDAI](https://twitter.com/benchmark_defi/status/1363474383076020228?s=21),[ WAN](https://medium.com/wanchain-foundation/wanchain-and-benchmark-protocol-form-a-strategic-partnership-wantokens-empower-benchmark-dc5f7889c6a1),[ SOL](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) +* Parallel Marketplace deployment announced on[ BSC](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-marketplace-development-to-binance-smart-chain-whitelists-cake-for-29cfe4fb0b6+) and[ Harmony](https://medium.com/benchmarkprotocol/benchmark-protocol-expands-development-of-marketplace-to-harmony-one-token-whitelisted-edec8ca4be93) + +Now Benchmark Ecosystem is accessible on different networks, via its standard token, the xMARK, which is obtainable and has been bridged to + +* Solana through[ Wormhole](https://medium.com/benchmarkprotocol/benchmark-protocol-integrates-with-solana-network-c5d9eab5aa09) +* [xDai Chain](https://twitter.com/benchmark_defi/status/1363474383076020228?s=21) +* [Binance Smart Chain](https://medium.com/benchmarkprotocol/xmark-now-supported-on-binance-smart-chain-4f8fa9e7ecb0) +* [Polygon](https://benchmarkprotocol.medium.com/benchmark-protocol-x-polygon-formerly-matic-integration-announcement-9febe2af877e) + +The stepping stone for Benchmark to scale across Chains. + +**Benchmark Lending Marketplace** + +Despite being battle-tested by the swings in the market (bearish or bullish) the MARK token has gone through 132 rebasing events and as recorded no hitch within its structure and even its tokenomics as it has definitely proven to be a quality model for an uncollateralized stablecoin alternative that helps secures investors against liquidations and market swings, this makes the token a perfect match for the industry as the MARK token is pegged to a basket of currencies held at the SDR rate, thus making it more stable than other tokens as it has the VIX incorporated in it. + +On the radar of the community is the anticipated P2P Marketplace launch that enables the close interactive lending and borrowing experiences for users, this marketplace is dubbed as the first cross-chain lender driven non-custodial platform and hence the SDR peg for MARK has been readjusted to reflect the current rate of the SDR as of April 1, 2021, which has incorporated the quarterly inflation adjustment and it’s currently at $1.429 ([SDR weights as of Q2 2021.](https://www.imf.org/external/np/fin/data/rms_sdrv.aspx)) + +Being an early investor in the project, the growth of the platform has been massive due to the ever-increasing, the mouth-watering APYs, Benchmark has continued to grow exponentially in the industry as the TVL currently stands at +$34.7M across Ethereum, Binance Smart Chain and Polygon, hence this deep pool makes the MARK token, a very stable entity, with the forthcoming Marketplace launch, the TVL will be further strengthened and will see more liquidity pools being created across other blockchains as cross-chain is the hallmark of Benchmark Protocol. *Very good for investors* + +[https://i.imgur.com/1ciJli5.png](https://i.imgur.com/1ciJli5.png) + +The marketplace smart contract has been audited by CertiK and the team is currently finalizing the front-end of the marketplace and which will support an unlimited number of ERC-20 tokens in a P2P style under a unique UI that makes the platform scalable. The platform will support an array of different loan structures and the MARK token will be used as collateral to facilitate a risk-free engagement and borrowers will not be charged with any compound interest as the loan can be paid at any time (this is due to the unique structure of the MARK token). + +[https://i.imgur.com/LWkkr7Z.png](https://i.imgur.com/LWkkr7Z.png) + +**xMARK (**the Standard) + +xMARK has been the governance token of the Benchmark ecosystem following the project’s fair launch and is also accessible across the chains, Benchmark is currently bridged to. Being the non-rebasing representation of the MARK token, this has been effectively utilized for the governance process via snapshots which is way ahead of the Forth token from AMPL. + +The first CEX listing happened on Gate.io which is one of the preferred gateways for the easterner markets as it provides a great on-ramp experience for people to gain the MARK exposure via xMARK, currently, the exchange offers low transaction fees and sports a user-friendly platform for all to gain from the Benchmark ecosystem. + +Now, I’m looking forward to yield harvesting and creating awareness on the forthcoming initiatives of both MARK and xMARK tokens as the team is keen on delivering key DeFi services to the blockchain ecosystem. + +[**Twitter**](https://twitter.com/Benchmark_DeFi)**|**[**Telegram**](https://t.me/benchmark_protocol)**|**[**Discord**](https://discord.gg/v56syTZpMX)**|**[**Reddit**](https://www.reddit.com/r/BenchmarkProtocol)**|** + +[**website**](https://benchmarkprotocol.finance/) +>Earnings: $1.38 a share, compared with the $1.04 per share estimate of analysts surveyed by Refinitiv. +> +>Revenue: $33 billion, compared with the $30.3 billion estimate. + +The bank posted a profit of $4.7 billion, while setting aside another $8.9 billion for credit losses. + +[https://www.cnbc.com/2020/07/14/jpmorgan-chase-jpm-earnings-q2-2020.html](https://www.cnbc.com/2020/07/14/jpmorgan-chase-jpm-earnings-q2-2020.html) +With the Fed set to announce the interest rate strategy of the uh, Fed tomorrow after 2PM EST, I thought we can have a last minute prediction thread on whether he will cause a market crash, or a soar to new highs. + +Now the number one rule is that what's commonly agreed upon is almost never the answer, so you have to be creative in order to correctly call and time the market. + +Powell can either cause circuit breakers to take out the power, or cause such a sign of relief that we reach new highs. + +So we need to consider whether to expect Powell to increase the market, or to cause a decline. + +He can easily bring us back up from the recent slump, but you need to be aware it could go in the opposite direction as well, a decrease. + +You may be wondering why I basically repeated myelf in the last two-three paragraphs, that's because there's a character limit for discussion posts. + +Anyway, what do you believe? +So there’s two ways you could go about this. The first thing is that you could buy recycled Tupperware for bowls and plastic plates, forks, spoons, and knives. Instead of throwing them out just wash them and reuse. + +Also most of the time your local thrift store has tons of mismatched dishes on the cheap. Many times they have silverware too. + +Edit: or for that matter just go ask a fast take out restaurant. Usually they will just give them to you for free! +Just put a quarter of my savings into CXO. + +Assuming the price stays above 1000/t for spodumene and they can convert more Ore Resources to Reserves. + +I should be good right...? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Okay, I've been out of pocket the last few days and got to this one late, since there wasn't a lot of actual mod opinion/representation in that thread I've removed it and I'm starting one where we can actually express our views/stance. The thread is [here](https://www.reddit.com/r/investing/comments/j6c9hv/can_we_stop_locking_investment_related_threads/) should you wish to access it. There's just no need for two meta threads in the same day, and the answer to the complaint is "no" anyway. + +I'm lifting this mostly from a comment I made there, but here's our general stance: + +> In the end I honestly think there is quite a bit of disconnect between the community and the mod team. + +This probably won't be a popular opinion but this is both true and a new thing. I've made no secret that I don't like what Reddit has become. They have vastly expanded their cross sub algorithms, and Reddit as a whole has grown, given recent events this sub has seen an almost doubling in size over the last two years. + +I'm going to be direct because I'm not particularly worried about being popular here: **the vast majority of the new subscribers are not investors, have very little interest in investing, and don't have any background in investing.** This is painfully obvious in that joke threads, off topic comments, etc are constantly the top voted comments in any given large thread. So because they have no real interest in investing their comments tend to basically be the same as if they were in any given general news/politics/whatever subreddit. Think about how much of the discussion in /r/economics or /r/technology has to do with economics or technology. Is there a disconnect between the mod team and those users? sure. That's fine by me. + +If you want an investment community where the top comment on AAPL earnings thread is someone's comment about how they like their iphone because of imessage then yes, there is going to be a disconnect between this sub's moderation team and you. That isn't an /r/investing mod team problem, that is a subscriber issue. + +There seems to be this growing attitude on Reddit that subreddits are some democratic entity where users can override moderation if there's enough popularity. That is not an accurate representation of how a sub is run, and should that be the case it would just quickly turn in to "vaguely economic/public company related general discussion" and not "discussion on investing in capital markets and securities". This may be tough for some people to hear but as far as Reddit is structurally concerned a subreddit is an independent forum owned and controlled by it's moderators. + +So just to be clear: the policies in place, and the actions we take, are purposefully crafted to discourage people like the above from posting here. I'm a blunt person as many of you know, I won't beat around the bush here; one regular contributor that actually discusses investing is more important to us than 1,000 subscribers who don't like our policies. We are not catering to people who want to discuss anything they desire, and if they're upset by this then I apologize but there are other subreddits. This is a place dedicated to investment discussion, you don't need to be a professional, expert, whatever to post here. But you do need to discuss investing. This is an extremely low bar, but in many cases hat bar is not being met. + +**Thread Locks**: if an entire thread is just political bickering, or off topic discussion it's getting locked. We're not interested in micromanaging discussion, we are interested in just locking threads when people can't stay on topic. I personally think it's a bit ridiculous that people expect mods to babysit a thread rather than just lock it when people can't stay on topic. If people can't stay on topic that really tells us the thread probably isn't super relevant anyway. And simply removing comments on a 500+ comment thread on the front page, where we average 300,000 pageviews per day and 100,000 unique pageviews per day, is trying to plug the hoover dam with Spez's dick. It's an effort in futility. + +**Politics**: We used to discuss politics all the time, the choice to ban that was directly due to user behavior. At some point after 2018 commenting here shifted from investment relevant opinions to something that can only be described as a debate between the lead editors for Bretbart and Vox, but dumber. Compare [these](https://www.reddit.com/r/investing/comments/40usw0/bernie_sanders_002_percent_financial_transactions/) [threads](https://www.reddit.com/r/investing/comments/4a771n/bernie_sanders_proposed_tax_on_wall_street/) four years ago to [this thread last year](https://www.reddit.com/r/investing/comments/cmyr9q/bernie_sanders_proposes_tax_of_under_onehalf/), both on the same exact subject. As you can plainly tell the older one is far more topic centric than the newer one. + +Point is this forum is for investment discussion. Politics and capital markets are certainly intertwined, but inevitably the new posters here are unable to discuss capital markets and just start talking about any given political opinion they have; then we get a thread indistinguishable from /r/politics. If an entire thread is discussing the market ramifications of political regimes/policy then it's welcome here, that hasn't been the case in almost any thread over the last two years. The 60 day bans for this sort of off topic behavior are deliberate in their length to encourage those people to find another subreddit to participate in. "I think Trump's proposal is bad for markets because of XYZ" is totally relevant, "I think Trump is a fat bad old man who hates minorities" is totally a non relevant comment. You may think it's true or false depending on which politics team you're on, but if you can't understand that it's irrelevant to investing then you shouldn't comment here. + + +Our goal is fostering good investment discussion. The goal is not to be a platform for political soapboxing, airing out grievances about corporations, have broad general discussion, or whatever else people want to do here. That is not to say politics, corporate grievances, etc aren't important. They're not part of this subreddit's purpose. + +Our goals also have nothing to do with activity, subscribers, or views/whatever. The only thing we want is discussion that actually has to do with investing, and not whatever other subject people wish to try and relate back to investing. If that means a bunch of people not here to discuss investing get mad and unsubscribe then that's a win. To be frank many of our most knowledgeable regulars have stopped coming here because of the degradation in quality over the last two years. This is not a condition we are happy with nor one we'd want to support. + +>From my experience talking to them it seems like a few senior mods have a very strong vision of what this sub should and should not be, and the quality of mods they are looking to recruit isn’t easy to come by. + +Mods make a sub. I think we're pretty open that we don't want a bunch of mods that want to make a sub that's just some lightly moderated general discussion outlet. We want mods to come from our pool of regular quality contributors, not someone who's interested in being a mod for mod's sake, and not someone who mods a dozen other places. The point is to have people in charge of something where they have vested interest in the quality of the sub. I would absolutely love to add another 30 mods tomorrow, I can't think of anyone who wants the job and is also a good candidate but feel free to shoot us a modmail if you think you fit the bill. I'd say this, if at least one of our existing mods doesn't recognize your username then it's probably gonna be a no. + +Here's the thing, if people don't like the rules then there are hundreds of other subreddits. There's dozens of subreddits for politics, you can go over to /r/economics to see what a sub looks like when the mods aren't worried about removing low effort political discussion, and if that's appealing to you then you can comment there. You can go to /r/latestagecapitalism or dozens of other subreddits if you just want to complain about public companies. You can go to your political subreddit of choice for political discussion. So again all of the new subscribers complaining about our efforts to remove those things don't really sway us, because we're not here for you and you have other outlets. So we're not preventing anyone from having any sort of discussion they want to have, we're saying this isn't the sub for it. + +And finally if you would like to go to a subreddit for general discussion of **investing your money in to capital markets and securities** then you can hang here. If ya want to talk shit about your least favorite corporation or politician then I think I speak for the entire mod team in saying we would prefer you went elsewhere. + +So TLDR: we have zero interest in creating a sub that allows for general off topic discussion, general political discussion, low effort political banter, or any of the other low effort joke/pun/anecdotes/whatever that you see across the majority of large subs. This sub doesn't need to be all things to all people, and we have no interest in allowing more off topic conversation just because new users want it. And if that means a sizeable portion of the subscribers, especially the more recent ones, are upset then that is a condition we are fine with. The bar for discussion here is not high, it's literally just "actually talk about investing", so any degree of blowback concerning anyone on our team's moderation is really met by a high degree of cynicism from me given how broad that guideline is. +As we all know, inflation is the buzzword of the moment. However, November's CPI was only +.1%, which would be 1.2% inflation annually. The numbers have come down dramatically since June of 2022, which showed a month over month gain of 1.3%. In other terms, as of November 2022 data, the annualized rate has dropped to what the monthly rate was only five months prior - a 92% decrease. + +What will December CPI show? We have inklings. + +Retail gas prices, available here - + +https://ycharts.com/indicators/us_gas_price + +show that we are down about 13-14% from November. + +https://www.wsj.com/market-data/commodities + +Natural gas, crude oil, heating oil, and retail gas futures are all also down from November, variably so, but DOWN. An approximate 10-20% decrease across the board is apparent. + +What else is dropping? Food commodities are also visible at the WSJ chart, corn and wheat, coffee, all are plunging - the only exceptions are cattle and sugar. + +https://www.bls.gov/news.release/pdf/cpi.pdf + +As we can see from the CPI inputs, we have data at our fingertips showing that most of the inputs are down A LOT from November. Groceries and eating out are stickier than the raw commodity prices so they will not match the futures exactly, but the trend is down. The car market is also f*cked. The only numbers we cannot get (unless someone can - would be great!) are for shelter and the other factors at the bottom of the chart, but with the recent revisions to the BLS job numbers (no growth!) and the stalled housing market I think rents are also probably stable at this point. + +What does this mean? + +Apparently the "trading economics" forecast for December CPI is +.2%. I disagree with this. Energy prices have been falling significantly since mid November, as have most commodity prices across the board. The rise in interest rates has already put us into recession IMO even if the numbers do not confirm this yet, and I believe fed policy is misguided as this entire fiasco was due to the supply chain issues generated by COVID and the invasion of Ukraine, NOT from loose monetary policy which was necessary to keep the economy afloat in the face of both crises. + +In sum, I think the data we already have for December - barring something unforeseen at the end of the month - confirms that the next CPI print out will show DEFLATION. In fact, I would not be surprised if it was even -.5%. December 2021 CPI was +.6% (annualized +7.2%), if we are at 0% this month, inflation will have fallen by 100% year over year, and annualized CPI will drop to 6.5%. If we are -.5%, it will be down to 6%, a drop of 15.5% in one month! + +The future is bleaker from there. The next print outs after Dec 21 were Jan 22 (+.6%), Feb 22 (+.8%), and March 22 (1.2%). April saw a relaxation (.3%), May went back up (+1%), and June was the peak (+1.3%). + +If we assume 0% inflation through June 2023 - which I think may be GENEROUS given the energy numbers, the prohibitive interest rates, and the possible resolution of the Ukraine crisis and the continued amelioration of supply chain issues - off an annualized baseline of 6.5%, we would hit 5.9% in January, 5.1% in Feburary, 3.9% in March, 3.6% in April, 2.6% in May, and 1.3% in June. I.E., with values at zero and NOT negative, we are going to see today's annualized number become the actual annualized number as of 6/2023. + +If December of 2022 comes in below 0 - i.e., -.5% as I think is quite possible given the energy plunge - things accelerate faster. Assuming we are at 6% annualized in Dec 2022 and the monthlies are -.3% through June 2023, we would be at 5.1% as of 1/22, 4% as of 2/22, 2.5% as of 3/22, 1.9% as of 4/22, +.6% as of 5/22, and -1% by June of 2022. + +Barring another black swan event - which is possible, but could also result in even more deflation! - the trajectory since June of 2022 would put as at annualized inflation of under 2% between March and June of 2023, with a risk of actual annualized DEFLATION also appearing sometime after April 2022 if the December trends continue. + +What does this mean? I think the Fed pivot will accelerate, I think we have one or, at most, two small hikes before the pause, and I also think that we will see rate CUTS by June of 2023. This likely portends a stock market bottom that has already occurred or will occur in Q1 of 2023, and if we see several consecutive negative CPI print outs, QE is likely back on the table by Q2-Q3 of 2023. +It's probably going to be a solid industry or at least should be for the next 10-15 years. It's one of the cheapest forms of power now, but on the other hand Trump seems hell bent on pushing coal and oil. I wonder how that will effect the industry. +Wondering if anyone else is in the same boat... + +My wife's RBS student account is a bit of an in-joke between us, since RBS have merrilly maintained her large, interest free student overdraft for a total of 12 years now. We guess there's no automatic time limit on the account, and they've been too busy [wrecking the global economy](https://www.theguardian.com/business/2011/dec/12/rbs-invested-billions-complex-loans-fsa) and [deliberately bankrupting small businesses](https://www.bbc.co.uk/news/uk-37591335) to have checked how many supposed students they have on their books. + +Well, the news came that they're finally moving her onto an adult bank account. Cue numerous jokes between us about signs of the apocalypse. I also have a friend who's with NatWest (part of the RBS group) that got the same letter yesterday. + +Can't complain, since the bank's just correcting an error, really. But I am amused at how long it's taken them to cotton on. + +Anyone else had the same? I'm wondering if it's just a handful of people that slipped through the net, or if some compliance officer finally woke up and checked the books, freaked out and purged vast amounts of cheeky adults from their interest-free teats. +> Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall Street Journal. + +> Barry McCarthy, the former chief financial officer of Spotify and Netflix, will become CEO and president and join Peloton’s board, the report said. + +> The job cuts are expected to impact about 20% of Peloton’s corporate positions, but they won’t affect Peloton’s instructor roster or content, according to the Journal. + +> A Peloton spokesperson did not immediately respond to CNBC’s request for comment. + +> Peloton shares were falling more than 4% in premarket trading on Tuesday, having closed Monday up nearly 21%. As of Monday, the stock is down about 31% year to date. + +> The news of Foley stepping down comes ahead of Peloton’s fiscal second-quarter results, which are set to come after the market closes on Tuesday. + +> Peloton told the Journal it expects to cut roughly $800 million in annual costs and reduce capital expenditures by roughly $150 million this year. + +> The company also said in the report that it plans to wind down the development of its Peloton Output Park, the $400 million factory that it was building in Ohio. It said it will reduce its delivery teams and the amount of warehouse space it owns and operates. + +> William Lynch, Peloton’s president, is also expected to step down from his executive role but remain on the board, Foley said in an interview with the Journal. Erik Blachford, a director since 2015, is expected to leave the board. And two new directors will be added, the Journal said: Angel Mendez, who runs a private artificial intelligence company focused on supply chain management; and Jonathan Mildenhall, former chief marketing officer of Airbnb. + +> Roughly a week ago, activist Blackwells Capital — which has a less than 5% stake in the company — sent a letter to Peloton’s board urging Foley to quit his role as CEO, and asking the company to consider selling itself. + +> Reports have since circulated that potential suitors could include Amazon or Nike. However, Foley along with other Peloton insiders had a combined voting control of roughly 80% as of Sept. 30, which would make it practically impossible for any deal to go through without their approval. + +> Foley, 51, founded Peloton in 2012. He previously served as the president at Barnes & Noble. + +Source: https://www.cnbc.com/2022/02/08/peloton-ceo-john-foley-to-step-down-transition-to-executive-chair-as-company-cuts-2800-jobs-says-report.html +It’s not just traditional advocates and stakeholders who are fed up with Senate inaction on marijuana legalization. Even the ice cream giant Ben & Jerry’s is calling out senators for failing to advance reform. + +https://www.marijuanamoment.net/even-ben-jerrys-is-fed-up-with-senate-inaction-on-marijuana-legalization/ + +In the run-up to the unofficial cannabis holiday 4/20 on Wednesday, the company is launching a campaign in partnership with the ACLU, asking fans to “take action” by putting pressure on the Senate to follow the lead of the House and pass a bill to end prohibition. + +Ben & Jerry’s recognized that its advocacy for marijuana reform isn’t surprising—and they’ve previously leveraged 4/20 to raise attention to the issue—but this campaign takes direct aim at the Senate, which has been a significant roadblock on the path to legalization both under Republican and Democratic control. + +"The Black and Brown community have borne the high cost of cannabis prohibition and the system of mass incarceration that it has fueled, while white men reap the financial benefits of the legalized cannabis industry,” Chris Miller, global head of activism strategy at Ben & Jerry’s, said in a press release. “That’s why the Senate must immediately pass legislation that begins to right the wrongs of the decades long war on drugs by legalizing cannabis and expunging records while restoring equity to the booming legal cannabis industry.” + +“Legalizing cannabis without justice is Half Baked!” the company said, in a reference to one of its popular flavors, which itself is a reference to a classic stoner comedy film of that name. +Hey guys, + +listen I just saw a post about factory work and when I saw 15$/20$ an hour I told myself, damn, I personally, would not get very far with that living in a pretty HCOL area. + +Anyways, for all of you who arent sure what to do or where to work, I highly recommend sales. + +5 years ago, I didnt even think Id like sales or be a good sales person, little did I know, its a skill that develops, and if you are a good people person, 90% of the skill is there already. + +Ive also seen people who dont really have an outgoing personality do great in sales simply because they REALLY know their shit. + +I made over 100k selling cellphones at my previous employer (per year, over 4 years) with little to no experience (took me 5 months to get a hang of it) + +Now, I am currently working in car sales for the first time ever and I made just over 7k my first month there. + +Im not special nor am I a super worker or anything but I am organized, always on time and willing to learn. + +Notice how these jobs I mentioned arent "corporate jobs" selling high end technological equipment to hospitals or businesses, simply jobs where you can go in person and apply. + +Im currently doing my real estate course now because I know for a fact that in sales, sky is the limit and you can usually be your own boss, I like the car business so far but HATE the hours and the fact that there is alot of fucking the dog for hours on end, I want to work and for my time to be profitable so I think real estate will allow me to do that. + +Cheers and msg if you have any questions. +Not sure of the best way to convey this, so please excuse the abstract nature of this post + +I know that everyone ALREADY KNOWS THIS. Just want to reiterate what I see as SHFs' Last Hail Mary + +****************************** + +We are getting closer to MOASS. Just before MOASS and during MOASS we are going to see FUD of unimaginable levels and from unimaginable sources. Reddit accounts can be hacked. People can be compromised. The 'heroes' among the DD writers are the ones SHFs will target + +************************************************************** + +The BIGGEST PLAY of SHF once MOASS hits, is to try and convince GME shareholders and Superstonk that the WAR is won at the beginning stages of MOASS + +************************************************************************* + +Large Short Hedge Funds such as Citadel and Susquehanna have one final Hail Mary that they will try + +When GME share price goes to $1,000, that will wipe out all the small Short Hedge Funds, small Family Offices, and BetsIdiots who have puts on GME + +This is, however, an INFLECTION POINT + +If SHFs can spread the narrative and convince Apes - $1,000 means war is won + +and people start selling shares from Computer Share, SHFs will have a chance to survive. We already know they are surviving margin calls which they should not - Citadel has $95 billion in shares sold and not yet bought. Notional Exposure of $465 billion. With only $5 billion capital. That should not be possible in any non-corrupt market + +The War should already be over. But it is not. Please remember this at the beginning of MOASS when people claim - share price is $1,000 and now there is no way SHF can escape + +********************** + +There are so many delays, a lot of the bags are held by banks, and the system is complicit + + +Even high prices such as $1,000 and $3,000 are not a GUARANTEE that the big SHFs are wiped out + +SEE IT WITH YOUR OWN EYES, do not believe ANYONE + +************************************************************** + +Inflection Point can go one of two ways + +Path 1: A significant number of people with Computershare believe the SHF Dogs and Big Sleeper Agents of SHFs and think - no way SHFs can survive $1,000 a share + +They start selling. Yes, not everyone is diamond handed and after waiting so long there will be some who sell. IF we let the narrative spread that War is won people WILL start selling + +this gives those shares to the remaining largest SHF. And those largest SHF have a chance to survive. Only the big ones will get this chance to survive. However, they will get a chance to survive + +$1,000 is not the price at which the BIG SHFs die + +************************************************************* + +OR (hopefully this one is the path that GME shareholders choose) + +Path 2: Price hits $1,000 and Everyone is chill. NO ONE sells Computer Share shares + +Price keeps going higher. Even large SHFs get wiped out + +I don't know what this price is. In fact, no one knows. So better to be safe and hold for very high prices and ENSURE that 100% all the large Short Hedge Funds and large top billionaire Family Offices are wiped out + +***************************************************************************** + +What will be the biggest proof of this last Hail Mary + +when some of the most trusted DD writers, and some of the most trusted Options Gang members and some of the most trusted TA writers all start saying - $1,000 means War is won + +Please think very, very carefully - for options push in last few months they are only burning low level people who did not have much trust + +Do we really think they have not compromised any of the big DD writers? + +You bet they have. Why are they saving those ace of spade cards and not using them for Options Push? + +Because they are saved for the last Hail Mary + +when people you TRUST start proclaiming -> + +Now all SHFs are wiped out + +$1,000 is the point of no return + +THEN is the time to be careful + +Please Note: They will add their usual WEASEL PHRASES and disclaimers i.e. + +We are not saying you should sell, but if you really need the money, then it's fine to sell as price is $1,000/$3,000 now and SHFs are wiped out + +************************************************************** + +The main message will be + +War is Won + +It's fine to sell Computer share shares - will be the secondary message. If they are desperate, they will come out and say it + +*********** + +They will also say -> + +Doesn't matter whether you sell your few broker shares or sell from Computer share - now war is won and it's OK to sell. Now all shares are the same + +That would be the biggest sign +Today i sent my profit to Andreas Schildbach's wallet app. An hour later, this payment went out to an unknown address. ~~Be warned, do not use this app.~~ Andreas' wallet is not the culprit, bug is elsewhere. + +https://blockchain.info/address/1MhzgksnJNWFor5hRDWmr9qYnShw8svSg9 + +EDIT: It seems the PRNG in MIUI is probably still unfixed... + +EDIT 2: to sum it, there are four possible attack vectors + +a) unfixed PRNG (i have MIUI 3.11.15 installed) + +b) zero day in MIUI exploited by a malicious app (i can't think of any) + +c) someone managed to retrieve my private key backup (was encrypted with 14 letter, non-dictionary password) + +d) backdoor in the system itself + +EDIT 3: as other user mentioned, DO NOT TRUST MIUI, as it is not open source. There are more cases of MIUI users who lost bitcoins. + +EDIT 4: To all people laughning hard at 10 BTC in an Android wallet -- if the most simple method of storing BTC for everyday use (it doesn't matter if you are gonna pay for Subway's sandwich or a fancy car) has flaws like this, the Bitcoin ecosystem has a problem, which needs to be dealt with. + +EDIT 5: well i was probably fucked by the automatic backup feature of MIUI - it stores your data unencrypted in a 0775 /sdcard/MIUI/Backup folder, which is obviously readable by anyone. And some crapware did steal my bitcoin wallet data from here. If you use Titanium backup, you can have the same problem! Stay safe people! + +EDIT 6: looking through the logs of wallet and it is clear the transaction wasn't initiated by the wallet. My apologies to Andreas for blaming his app in the first place! + +EDIT 7: +list of servers MIUI is connecting to +http://pastebin.com/HLd7yS6e +reverse ip lookup +http://pastebin.com/bDsDb2Tu + +as you can see, there is shitload of questionable hostnames. +My wife and I are one year into our first home ownership, and I was curious how much we've spent in non-expected or planned expenses, as we've rented our entire lives and therefore, have never been responsible for repairs/improvements. + +It is an old (1928) home, but was quite "move in ready" when we purchased, so we didn't expect too many repairs/remodel needs. We knew we wanted to build a closet, and we knew we wanted to update the backsplash in the kitchen. + +I've listed out everything we've spent on the home since purchasing (but did not include any purchase/closing costs. Also does not include any monthly mortgage, bills, or utilities). + +We live in Central New Jersey, for a reference point on location/cost of living. The biggest surprise was definitely the boiler (was about 13 years old at purchase). + +**Contractor/Professional Home Expenses** + +* $300 - Service/Fix Steam Boiler - Dec 2020 +* $300 - Replace Boiler Transformer - Jan 2021 +* $1350 - Replace kitchen backsplash - Feb 2021 +* $1250 - Install/vent oven range hood - Feb 2021 +* $1650 - Build master bedroom closet - Feb 2021 +* $1450 - Install new carpet in Master bedroom - Mar 2021 +* $9100 - New boiler and water heater - June 2021 + +**DIY Home Improvements** + +* $50 - Install Attic Track Lighting - Dec 2020 +* $10 - Install living room dimmer switch - Dec 2020 +* $10 - Replace two outlets - Jan 2021 +* $150 - Replace bulbs throughout house with smart, LED - Jan 2021 +* $200 - Build/install attic shelving - Jan 2021 +* $30 - Seal basement windows - Jan 2021 +* $60 - Winterize back door - Jan 2021 +* $100 - New kitchen lighting - Mar 2021 +* $15 - New storm door hinges - Mar 2021 +* $60 - Closet floor leveling - Mar 2021 + +**Total: $16,085** + +All-in-all, if you take out the boiler replacement, we haven't done too bad. + +But there's always a surprise lurking... every few months. So we keep a small little fund on the side for home stuff. + +We were "pre-approved" for a much larger mortgage, but very happy we stayed small, as we would have wiped out our savings on the downpayment/closing costs, and then been stuck trying to figure out how to fix our boiler... + +&#x200B; + +EDIT: Wow, this post got a lot more action that I expected. I responded to as many as I could, but at a certain point, it was a lot. Thanks to everyone that replied, and wow, thanks for my first awards! I thought I'd answer the most asked questions here: + +* We love our home very much, and are not *that* upset about these costs. Outside of the boiler, most of what we did was optional/upgrades that fit into our budget - this is just one couple's list of moeny spent as a first time homebuyer. Many will have less (I see you, $0s), and many will have more (some of these stories were unbelievable). +* The boiler was so expensive because the original piping was not done very well, so we opted to have a contractor install all new piping, and it being a steam system, well those are very complicated to get right, so we didn't go with the cheapest quote (\~5k) or the most expensive (\~13k), but instead the one we felt was the most knowledgable and experienced, and they did a fabulous job. No more clanging in the radiators and heat is evenly dispersed +* Finally, thanks for all the tips from the more experienced homeowners. I've made a list of some of these great proactive ideas, and hopefully it helps in the long run +I'm still bullish on Alibaba long term relative to it's current valuation inspite of the challenges it currently faces. + +Unfortunately I didn't DCA and instead did a big lump sum investment at $230~ (statistically lump sum is better, except for when I invest xD). I manage to average down to $200 but it's still far away from the current price of $136~, I want to continue to average down since I think it's still very attractive valuation for the risk vs reward but it's already my biggest holding and makes up 21-24% of my portfolio alone, adding in JD, my China risk is already at 30-33% of my entire portfolio. + +On one hand I want to continue to average down because I think it's a bargain and it's a big difference from my cost basis but on the other hand, it's already a very substantial position in my portfolio. + +What do you guys reckon I do? +Been doing this well over a month now and I made over 100k from 40k start and lost it all in no time at all. + +New momentum for 2022 is don’t do the same shit I did but do it in moderation so I’m looking for a smaller gains vs big ones because the loss is massive when taking high risk on high risk stocks in large purchases. + +Start low and average up or down if necessary. Yea I’ll miss out on large gains but I’ll also miss out on large losses. + +After such massive losses I was put in my place and it humbled me big time. + +I don’t pump and dump and I don’t participate in pump and dumps because if I want to get hurt I can injure my self in other ways. + +I went through the discouraging moments that nearly had me deciding to give up but I can’t give up so I decided be smarter and learn from those mistakes. + +Not every halt is a go but some are very volatile and worth entering. I found my self successfully trading the same stock multiple times a day and got greedy at the end only to lose it all back and sometimes lose more then I started with. + +Let’s see how much I learned in 2021 and how I can make things different in 2022. +It will happen no matter what whether it’s the market conditions or something else. + +But how do you deal with it? + +Do you just take time off and come back after a few days? + +Reduce size? + +I would like to hear your suggestions and opinions +Most people believe that large cap coins like BTC and ETH cannot give you those coveted 10x to 100x gains anymore. + +If you think so, then here's what you need to know. + +The entire crypto marketcap is just about $3 trillion right now. + +A 10x from here would put the global crypto marketcap at over $30 trillion which we both know is highly feasible. I'm confident this will happen within the next 5 years. + +Also, most of this new money will flow into the large and medium caps as people learn to mostly invest in the relatively secure assets or take profit from the shitcoins and low cap coins investment and dump it in large caps. + +If $50 trillion enters the crypto market in the next 10 to 20 years even BTC will give you at least 10x to 15x. + +The point is, further gains on the current large cap coins is only limited by the inflow of new money into the crypto economy and we know that the show hasn't even started yet. + + +EDIT: + +To all the doubters, the world's silver, gold, top stock exchanges, cryptocurrencies, etc is about $2.7 quadrillion ($2,700,000,000,000,000). And this is growing everyday as governments keep printing. + +So yes, I think $30 trillion global crypto market cap is an easy target in the next 5 to 10 years. + +Source: https://money.howstuffworks.com/how-much-money-is-in-the-world.htm +Here’s the ironic thing- most my career I’ve worked in Sr roles in Corp finance. + +Since my wife and I got married in 2016, when we’ve filed in taxes it’s resulted in our owing between 4-6k every.single.year. ... including the 2020 results that I just updated. + +We both claim Married 0-fed and 0-state (Wisconsin). I don’t know a single person who has additional money or quarterly payments made as working individuals. Our total household income is only around $150k and we pay around $9k in mortgage interest and $2.5k in student loan interest each year. + +I use TurboTax to file it always starts the same way- whichever W2 I start with it always shows a progress of around a $1,000 return in both state and federal. then when I add the second W2 for us it skyrockets in taxes and shows we owe thousands. + +Does anyone have any feedback on how to avoid this going forward?! Or better yet... why this is happening?! + +****** UPDATE ****** + +Well... oddly I did not realize filing jointly meant one income. He and I had thought that married filing separately was more of an odd case. For example the first year we were married we were not married the entire year so I thought that’s why we filed married filing separately. + +YES I’m aware now that I’m a moron. + +Links to all of your help I’ve gone through and completed the withholdings Estimator and sure enough I was already on track to owe another $6000 at the end of the year. I have formally updated both mine and my wife’s W-4’s for 2021. + +Thanks kind strangers for helping me understand and get this fixed today. +Not quite sure if this is off topic, sorry if it is. + +I was with my ex for 4 years. We had issues from the beginning, but I had low self confidence and this was my first relationship, so I put up with things for way longer than I should have. + +I'm decent at budgeting and saving money; the same cannot be said of my ex. Over the course of those 4 years, we racked up several debts, missed payments left and right, and co-signed for each other's cars. + +We lived together for almost the whole 4 years. But last summer was when things went downhill fast. My ex was the one taking care of bills, but one month the cable, car insurance, and rent all went unpaid. + +I was furious. My ex had actually moved out at this point (and was lying about wanting to come back) so we were communicating solely via text. I hounded them constantly about repaying the money, but in the end it was me that had to work my ass off and go hungry so things got paid. The last time I mentioned that I thought my ex should pay me back for all the money they stole, I got berated and told that "I should watch what I say, because I own you." + +I didn't speak with my ex for 3 months after that. Eventually they texted me and apologized, but I was over it all. They weren't going to change, and I was done trying. The last I heard, they'd gotten married and moved from the east coast to Nevada. + +I got on with my life. I got everything I could in my own name and started saving. I moved back in with my parents and saved even more. I paid off a creditor last month and set up a payment plan for my student loans. I'm doing alright now. + +The one thing that still has my ex's name attached is my car (and my name to their car). The car is still owned by the bank, which to my understanding means I can't get my ex's name off of it. But all of a sudden, my ex is missing payments. Three since February, to be exact. My credit has taken a serious dive. I'm pissed off, because now all of my hard work over the past 6 months is going to shit. + +I'm not sure what the point of this post is. I mostly just wanted to vent, but any advice anyone is willing to offer would certainly be appreciated. Ultimately, I'm going to have to text my ex, which I've avoided up to now. You know that sensation you get in your stomach just as you go over the first drop on a roller coaster? I used to get the same feeling when my text alert when off because, chances were, I was getting gaslighted, accused of cheating, or blamed for something I didn't do. I'm stronger now than I was, but the thought of having to possibly go through that again is keeping me from dealing with this issue. + + +Edit: Thank you everyone that replied and offered advice and/or support. I'm honestly not sure what my best option is, but at least now I have options at all. I contacted my ex's mother in the hopes that she might be able to get through to them, and I'm looking into the details of the loan to figure out a game plan from there. I really appreciate how helpful everyone here is! +Loop Energy Inc. is the leading hydrogen fuel cell provider for commercial vehicles. It recently filed its prospectus to raise $100mn and list on the TSX, with shares expected to price later this week. ***Here’s all you need to know about Loop Energy and its proposed IPO.*** + +**Summary** + +* Loop is the leading provider of hydrogen fuel cell systems targeted for the electrification of commercial vehicles +* Loop filed its preliminary prospectus for its $100mn IPO, pricing shares at \~$12-$16 (implying EV of \~$513mn) +* Investment Thesis: + * Industry-leading, patented offering in the attractive rapidly expanding and strategically important market for the electrification of commercial vehicles + * Well-defined go to market strategy and path to profitability provides clear valuation and upside + * Market positioning solidified by best-in-class management/board, OEM partnerships, and backing from Cummins + * Provides Clean energy solution and interesting sustainability/ESG play +* Key Risks: + * Realization of business development pipeline into fixed revenue contracts + * Existing and new competitors developing a more attractive, more widely adopted product offering + * Technological risk of more attractive technology rendering Loop’s technology and offering obsolete + * Large-scale manufacturing execution +* **Initiate at a Buy on valuation upside (see valuation section)** +* *Note - all figures in Canadian Dollar (CAD)* + +# Outline + +1. Business Model +2. Management, Board, and Ownership Overview +3. Market Overview / Competitive Landscape +4. IPO Details +5. Financial Analysis +6. Valuation / Key Risks + +**1. Business Model** + +*What does Loop do?* + +Loop designs, manufactures, sells, and services hydrogen fuel cell systems for the electrification of commercial vehicles. Its near-term focus markets include light/medium trucks (e.g. home delivery vehicles), semi-trucks, buses, and other commercial vehicles (mining, etc), with long-term plans to expand into other intermodal transport (marine, rail, etc). + +*What is its product offering?* + +Loop’s key products are fuel cell stacks (stacks of fuel cells that produce electricity and water when supplied with hydrogen and oxygen) and fuel cell modules (fuel cell stacks along with the balance of plant - all the necessary equipment to operate) and has manufacturing facilities in British Columbia, Canada, and Langfang, China. Loop believes that through its proprietary eFlow technology, its fuel cell systems are superior to its peers in terms of fuel efficiency, durability, and power. We expect these characteristics to be key differentiators as Loop and its competitors race to secure OEM relationships and achieve mass-market adoption. + +*Understanding the current landscape and Loop’s competitive advantages* + +On the path to transitioning the global fleet to zero-emissions vehicles, Loop sees the current lithium-ion batteries as only a part of the solution, with its hydrogen fuel cells creating significant advantages over the existing solutions in terms of range, payload, and refueling times. Loop markets three key benefits to its fuel cells, compared to competitors, which we think well-position the company to continue to lead its industry. In addition to the technical competitive advantages which are outlined in the *Competitive Landscape* section, we see Loop’s industry positioning is supported by Cummin’s investment and its partnership with OEMs. + +*Growth Strategy* + +The company has rapidly developed its business development pipeline, forming partnerships with OEMs and building a relatively small revenue backlog of $16.4 million to date, with plans of significantly expanding this over time. The company expects that the larger OEM suppliers will be in a position to launch commercial vehicles with fuel cell systems between 2025 and 2027, meaning the company’s near-term focus should be on manufacturing fuel cell vessels in smaller volumes and developing its technology and backlog. Loop also has a JV with InPower in China to establish a manufacturing line. We think Loop’s stated strategy (below) is well-aligned with the most important objective - becoming the dominant player in the industry. + +*Loop Growth Strategy* + +1. Focus on commercial vehicle market and leverage products into other markets +2. Scale manufacturing and customer support infrastructure +3. Develop partnerships with leading OEMs and OEM suppliers +4. Reduce costs by leveraging scale and internalizing certain components +5. Continue to invest to develop and improve eFlow technology + +**2. Management, Board, and Ownership Overview** + +Loop’s management team is highly experienced with significant experience in related industries, including fuel cell development and automotive development (key relationships at strategically important OEMs). The company also appointed two special advisors with excellent track records leading companies: Lord John Browne (BP, Riverstone) and Lance Uggla (IHS Market, S&P Global). With its recent additions, we view Loop’s management team and board as a strength. + +The current and pro forma ownership of the company is included below. Upon completion of the offering, there will be a concurrent reverse stock split, consolidating 3 shares into 1 share, which is noted below, along with the forced conversion of convertible debentures, reflected in the table below: + +&#x200B; + +| **Beneficial Owner** |**Fully Diluted Current Ownership (post-consolidation)** | **Pro Forma Fully Diluted Ownership** (assumes $115mn allotment at $16/share) | +|:-|:-|:-| +|Cummins |6.9mn (25.4%) |6.9mn (17.5%) | +|InPower |1.3mn (4.9%)|1.3mn (3.4%)| +|Management & Board |2.9mn (10.6%) |2.9mn (7.3%) | +|Other |16.2mn (59.1%)|23.3mn (59.0%)| +|Options & Warrants Exercised |0 (0%) |2.7mn (6.7%) | +|Convertible Debentures Converted |0 (0%)|2.4mn (6.1%) | +|**Total**|**27.3mn (100%)**|**39.6mn (100%)**| + +&#x200B; + +**3. Market Overview / Competitive Landscape** + +*Industry Overview* + +The market for fuel cell electric vehicles is expected to grow at a 39% CAGR, from \~$2.6bn today to $50.8bn. Hydrogen fuel cells are the most widely adopted form, with significant investments from governments and corporates to support the widespread adoption of hydrogen. The hydrogen market is expected to represent \~€10 trillion+, with countries representing \~70% of the world’s GDP introducing hydrogen strategies (including US and Russia). While this is clearly a growing, attractive and strategic market, we do note that many industry data sources provided by management are sponsored research, including the Hydrogen Council. + +We see electrification as an important global trend as countries and companies commit to decreasing emissions, with a target of net-zero by 2050. + +Loop’s competitors include Ballard Power, Beijing Sinohytec, Horizon Fuel Technologies, Hydrogenics Corporation, Hyundai, Nuvera Fuel Cells, Plug Power. Powercell, and Toyota. Despite this strong group of competitors, Loop’s technology provides significant competitive advantages, noting that competitors pose a significant risk for the company (see *Key Risks to Loop’s Valuation)* + +*Competitive Advantages (per Loop)* + +* Fuel Efficiency - efficiency improvements enable greater savings and higher return on investment + * According to Loop, the incorporation of fuel cells into battery electric vehicles increases range by 2.5 to 3 times + * 16% lower fuel consumption vs. competitors, generating \~$300k in fuel savings over lifetime +* Higher Peaking Power - provides higher payload capacity and range + * \>50% more peak power than top competitor and >90% more peak power than most competitors +* Durability - results in lower service and maintenance costs + * Up to 10x better current density uniformity + +**4. IPO Details** + +*Overview of the Offering* + +Loop issued its preliminary prospectus on February 5, 2021, announcing plans to raise \~$100mn (+15% greenshoe option) at an \~$12-$16/share valuation. Shares are expected to price the week of February 15, 2021 and trade the week of February 22, 2021. The IPO will be led by National Bank Financial. Per filings, the net proceeds are expected to be used for R&D, capital assets, and other expenses. + +Funds from the strategic financing will be used to further accelerate the company's product development activities, project deployments, and growth plans as it expands its technical leadership in medium and heavy-duty hydrogen fuel cell bus and trucking applications. + +*Share Count* + +Loop’s current fully-diluted share count pre-IPO is \~30.0 million shares, and pro forma for the offering will increase to \~39.6 million shares (assuming shares price at the top range of indications and the underwriters exercise their over-allotment option). + +*Previous Equity Raises* + +Based on Cummin’s prior investments in the company and current shares owned, Cummin’s cost basis is \~$4.32/share. + +**5. Financial Analysis** + +*Revenue* was \~$350k for the three and nine months ended September 30, 2020, primarily representing the sale of demo field and test bench units. This will increase as the business continues to develop its product backlog, noting Loop’s definition of this figure represents estimated sales, including conditional agreements and MOUs. We view the development of this product backlog and execution to be a key risk, as this backlog may or may not actually materialize. + +*Product Backlog* as of January 31, 2021 represents revenue of $16.4mn, up from $4.3mn as of December 31, 2020. + +*Operating Expenses* \- the company expects to achieve gross margins of \~30% and EBIT margins of 20% by 2030, supported by its eFlow technology, which the company expects to reduce manufacturing costs. We think that Loop’s approach to design in-house and expand vertically along the supply chain will be beneficial to achieve best-in-class margins. Given the significant size of the addressable market, economies of scale, and importance of reaching the “tipping point” for mass-market adoption, we expect significant M&A in the near-term. We also expect strategic M&A to be viewed favourably by the market with the understanding that despite near-term dilution, these types of transactions should be accretive to long-term value. + +*Capital Structure -* pro forma for the offering, Loop’s balance sheet will substantially change, with the majority of its debt (convertible debentures) converting into shares, leaving Loop with an essentially debt-free balance sheet. + +&#x200B; + +| **($ millions)** | **30-Sep-20** | **Adjustment** | **Pro Forma** | **Description** | +|:-|:-|:-|:-|:-| +| (+) LT Debt | 0.8 || 0.8 || +| (+) Convertible Debentures | 3.6 | (3.6) | – | Converted | +| **Total Debt** | **4.4** | **(3.6)** | **0.8** || +| (-) Cash | 6.3 | 115 | 121.3 |IPO proceeds + conversion of warrants and options | +| **Net Debt** | **(1.9)** | **(118.6)** | **(120.5)** || + +**6. Valuation / Key Risks** + +*Market Valuation* + +We expect shares to price at the top range of the $16/share IPO price, valuing the company on a fully-diluted basis at \~$513mn. At this valuation, we see tremendous long-term upside if the business is able to execute on its plan (see multiples valuation below) + +&#x200B; + +| Shares Outstanding (mn) | 39.6 | +|:-|:-| +| Stock Price ($) | $16.0 | +| **Market Cap ($mn)** | **633.6** | +| (+) Net Debt | (120.5) | +| Enterprise Value | **513.1** | + +*Multiples Valuation* + +While it is difficult to value the business today, we (and Loop) expect the fuel cell market for commercial vehicles to significantly expand in the next few years, with OEMs ramping up production for commercial launch by 2026. The market for fuel cell electric vehicles is expected to grow to \~$7bn in 2026. + +Working backwards from this, if Loop grows to a \~$750mn revenue business with 20% EBIT margins (2026 EBIT of $150mn) and a 15x EBIT valuation (in line with current valuation multiples), this would imply a >$2.2bn enterprise value in 2026. Discounting this back to today at a 15% cost of equity still results in >$1.1bn of value, offering >2x upside. We also think this 15x multiple is conservative given the growth potential of the industry and potential for Loop to become a leading market player. + +Using this same methodology, 2026E revenue of $200mn - $400mn at a 15x EBIT multiple backs into the $12-$16/share range today. + +*Key Risks to Loop’s Valuation* + +* Inability to grow business development pipeline with OEMs or translate pipeline into revenue-generating contracts + * The current pipeline represents $16.4mn, which includes conditional agreements and MOUs; the key focus of the business is expanding on this pipeline +* Existing and new competitors developing a more attractive, more widely adopted product offering + * While Loop’s positioning is protected by patents, technological advantages, and Cummins backing, OEMs with substantially more capital and may enter the space and compete +* Technological risk of more attractive technology rendering Loop’s technology and offering obsolete + * Emissions technology continues to advance and there may be a new form of technology that will reach mass-market adoption, replacing hydrogen fuel cells +* Large-scale manufacturing execution + * While Loop’s management team has experience building out manufacturing, the company (and its competitors) have yet to execute on the large-scale manufacturing required to meet expected future demand + + + +**Disclosure:** I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. + +I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. +I'm currently investing in index ETFs, but I would also like to start investing in individual companies. I was wondering what sorts of things I should be looking for, qualitatively or quantitatively. Where can I find this information? Are there any tools that you use to either find the information or somehow sort it out? + +Also on other subreddits I head about Due Diligence. Is that similar to doing stock research? How should I perform Due Diligence? +My wife and I have been together closing in on a dozen years. In that time we have gotten quite comfortable in our upper middle class existence. Our spending has trended fatter with respect to experiences rather than items (save for one luxury car for her). We had been planning for a fatfire existence. However, since we had child 2 years ago, work has been a real grind and we are considering downshifting for a more balanced life and compromising to a less fat fire. + +While my wife’s background is as a immigrant dealing with working class problems , I grew up solidly middle class. I don’t remember feeling deprived or unhappy at all at our lack of economic resources. The only obstacle I see going forward to giving our child +the same opportunities is making sure we accurately budget for the astronomical rise in education costs. Am i missing some other recent inflated change to child raising costs? + +We do wonder whether our diminished desire for more luxurious travel and dining is a temporary condition based on Covid and toddler realities. Anyone else wondering how fat there fire really needs to be and where are you drawing the line? +Biotechs/pharma down. + +"“I’m going to bring down drug prices,” Donald Trump told Time in his “Person of the Year” cover story. “I don’t like what has happened with drug prices.” + +http://www.marketwatch.com/story/president-elect-trumps-promise-to-bring-down-drug-prices-sends-biotech-etfs-slumping-2016-12-07 + +People thought that only Clinton was bad for drug stocks. The situation with healthcare costs in this country was going to have to be addressed no matter who became president. +Prior to frequenting this subreddit my exposure to public discussion of macroeconomics was mostly reading The Economist, and reading the textbooks and popular writings of Keynesians like Mankiw, Krugman, and [Charles Wheelan](http://www.amazon.com/Naked-Economics-Undressing-Dismal-Science/dp/0393049825/ref=sr_1_1?ie=UTF8&qid=1310559253&sr=8-1). The only Macro class I took used Mankiw's book. So I thought most economists had somewhat-to-very Keynesian models of the world. + +Then I came to this subreddit and I noticed that many of the frequent and most thoughtful commenters don't think Keynes' models work, and find Hayekian explanations more persuasive. I also noted that linking to articles that argue for additional monetary or fiscal stimulus is a good way to get lots of downvotes. + +So I ask: do I have a mistaken view about what the field thinks about macroeconomics (i.e. most economists think Keynes got a lot right)? Or does this subreddit happen to be frequented by more Hayekian thinkers? + +Note: I am not saying that disagreeing with what most economists think makes one *necessarily* wrong. I understand that macroeconomics is really hard to study in a way that gives air-tight empirical results, so it's not like you can just go replicate a lab experiment a thousand times and settle the matter. +What had the most impact in your life and your fat ambitions? I’m young and watch this page often for motivation and i’m really just trying to see what really got y’all to the position you’re in now. If you could share pieces of advice or just something you wish you’d have known back then. +Maybe something that put you from fire to fatfire? +Thank you for your time. + +Edit: Thank you everyone for the responses. This is why I love this community. +Looking for a bit of guidance here from someone who has gone down a SaaS sales path. I work for a ‘Top Forbes Cloud’ company that is nearing IPO. + +I got lucky, was in relatively early, and at Age 27 am an Enterprise AE pulling in 250-300k per year and ~40k in RSUs per year. Total comp is $340k. I’ve got 500k saved but am wondering how to really up my earning potential while staying in the same career track. + +Can I FatFIRE at this rate? If not, what is the next step, leadership? First rep at a brand new company for an equity play? I’m charting my 5 year plan now and am struggling to see where to go to achieve my goals. +I’m considering a pledged asset line with schwab or loan management account with Merrill. + +The advertised spreads are 2.25 (schwab)and 2.98 (ML) for lines around 1M. (For comparison, Wealthfront offers 2.32) + +How low can you negotiate this and what does it depend on? +CNBC's Jim Cramer said Monday he's tested positive for Covid and isolating at home with a mild case. + +"If you'd like to lessen the chance of getting very sick, I think you should get vaccinated," Cramer said. + +Despite getting Covid himself, Cramer said the recent market sell-off looks like a chance to buy to stocks. + +[Source](https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2021/12/20/i-have-covid-jim-cramer-says-he-says-hes-been-triple-vaccinated-and-has-a-mild-case.html?amp_gsa=1&amp_js_v=a6&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16400166436468&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2021%2F12%2F20%2Fi-have-covid-jim-cramer-says-he-says-hes-been-triple-vaccinated-and-has-a-mild-case.html) +Obviously a very highly anticipated earnings call tomorrow. + +Between earnings being moved up a week, the tweets, the fed rates, and a bunch of other shit, tomorrow is the biggest hype day we've had in a while. I can't lie, even my cold, dead, tits are getting a little bit jacked. + +Not trying to be a downer, but please keep in mind all the previous hype days. Remember 'Bastille day'? I bit hard on that one. Remember what they're capable of. You don't see these things coming, that's how they work. + +Did you verify that tomorrow is Ryan Cohen's dad's birthday? I sure as shit didn't. Seems like someone would say something if it wasn't, but for all I know, it's on Christmas. I think many of us, myself included, don't check because we want to see that light at the end of the tunnel so badly. + +I'll be honest, I'm tired and I want this to be over. I know every day is hype day and the price is fake, but I'm really god damn sick of being stolen from and mocked for it by the rest of the world. + +This doesn't mean I'm going to sell. On the contrary, I've increased my position by over 15x since my first buy last January. It just means I'm sick of putting my hope in ambiguous shit. No matter what happens tomorrow though, we have something unambiguous in DRS. + +It doesn't matter whether you think DRS will cause MOASS or not. At a bare minimum, we're effectively reducing the tradable float of a company that's only supposed to have 75 mil. shares. At some point, the fuckery has to stop. Gamestop isn't going anywhere, they'll build an incredible business that people will buy, and at that point the basic laws of supply and demand will have to be acknowledged. + +No matter whether that point is tomorrow or in a year, we can act today to expedite the process. I believe we hold enough shares in this sub to DRS the entire float, but we have to stay focused. They will take any opportunity they can to slow this down/stop it, we can't let hopium distract us. + +**Keep directly registering shares. Keep spreading awareness about it.** + +I hope this ages poorly. + +<3 +So as I said my husband(32m) and I(32f) are putting a home down on family land and plan on living their forever. We are trying to put as much into retirement as possible and are wondering what our best options would be for a mortgage. We have no debt but 3k on our car. We both have excellent credit (over 800), good amount of savings(6 months), etc + +We're wondering what would be our best option for a mortgage since we're trying to retire as early as possible. Should we go with the lowest interest rate, longest pay off period, lowest monthly payment? I know everyone says to put money into retirement investments since it would make more than what it would save us on interest if we paid off our mortgage early. Since were going with investments instead of paying off the mortgage early then shouldn't we go with what allows us to put the most into investments (hence the lowest monthly payments option would be best)? Or should we choose a different option? + +Just looking for some friendly advice from some people who may be in/have been in similar situations. We've never bought a home and since this will be the only one we ever do, I want to make sure we do it right and get as much info as possible from lots of sources. Thanks in advance for any info. +Two months ago, I ran what I thought was a fool proof strategy on selling far expiry TSLA cash secured puts. The sheer number of replies and private messages warning me not to do this, was mind blowing. If I did not take your advice, I would have essentially been facing bankruptcy. Thanks to this community for looking out for a random dumb internet stranger. Learnt more here, than from my friends who kept telling me, “TSLA stonks are ridiculously undervalued”. Appreciate all the support here for naive investors. +Guten Morgen to this global band of Apes! 👋🦍 + +The US markets are closed today, but German exchanges are open. +I will be updating for the full German market session. + +The high degree of FUD continues, but my tits just keep getting jacked higher. +We saw another day of extremely low volume, and are now well above 58% of the float locked away at ComputerShare. +The FUD frenzy seems aimed directly at dissuading Apes from convincing friends and family during holiday visits. +However, the incredible amount of DD and scrutiny of that DD has trained us well to state the case clearly. + +Our Diamantenhände are unstoppable. + +Today is Thursday, November 24th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 840 minutes in: **$26.45 / 25,62 €** *(volume: 6792)* +- 🟩 835 minutes in: $26.45 / 25,61 € *(volume: 6772)* +- ⬜ 830 minutes in: $26.44 / 25,61 € *(volume: 6768)* +- 🟥 825 minutes in: $26.44 / 25,61 € *(volume: 6768)* +- 🟩 820 minutes in: $26.45 / 25,61 € *(volume: 6768)* +- ⬜ 815 minutes in: $26.44 / 25,61 € *(volume: 6689)* +- 🟥 810 minutes in: $26.44 / 25,61 € *(volume: 6682)* +- 🟩 805 minutes in: $26.45 / 25,61 € *(volume: 6664)* +- 🟩 800 minutes in: $26.44 / 25,61 € *(volume: 6664)* +- 🟥 795 minutes in: $26.44 / 25,61 € *(volume: 6654)* +- ⬜ 790 minutes in: $26.44 / 25,61 € *(volume: 6554)* +- ⬜ 785 minutes in: $26.44 / 25,61 € *(volume: 6544)* +- ⬜ 780 minutes in: $26.44 / 25,61 € *(volume: 6544)* +- 🟥 775 minutes in: $26.44 / 25,61 € *(volume: 6544)* +- 🟩 770 minutes in: $26.45 / 25,61 € *(volume: 6544)* +- ⬜ 765 minutes in: $26.44 / 25,61 € *(volume: 6543)* 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Today's euro -> USD conversion ratio is 1.0325. 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! +Hey guys. + +So back in 2020, I started investing in dividend-specific stocks, I’m fairly young and the compound growth +DRIP is really appealing for retirement. However, I think I messed up by just opening a trading account, that is NOT a ROTH/ROTH-IRA + +I don’t want to get clobbered by taxes, should I just sell my position and re-buy everything inside a ROTH/ROTH-IRA? + +Thank you in advanced +So I've been in and out of the market for the last 7 years and I'm now committed to a dividend growth strategy using DCA. My question for you all is when it comes to debt, what is your risk tolerance vs investment in the market? I have about 50k in student loans at around 5% once payments resume and 3 years left on a car at 4.6% and a 30yr mortgage I just started last year at 3.5%. I mainly want to make sure I'm not prioritizing investing when I should be paying down debt. +Hello. New investor here. I was thinking about starting investing but focusing mainly on SCHD, DGRO, and INTC. Any helpful opinions on what else I could add or swap? Or if I should go for these choices +I personally own 79 shares of T currently and enjoy the dividend with generally side ways price movement. + +My wife recently got interested in stocks because of the whole GME thing and started asking me about what I invest in. She has never really been interested before, we both work and generally spend our money how we want after bills. + +After we talked about my shares in T and how it moves very little up and down she asked me why I didn’t buy at a low ( like todays 29.57) and then sell it .40 higher just to buy when it drops another .30-.40. I feel like there must be some kind of a flaw in this approach. But I can’t quite put it into words. I know that he would likely miss the EX dividend date. But outside of that how do I tell her not to do this? +Honestly, this DD requires a lot of critical thinking. If that’s not your jam, please enjoy this cartoon of Alex Karp crushing the competition, then scroll down to the bottom of the DD where you’ll find my plan for the end of my lockup plus a few diamond emojiis, a couple of hand emojiis and a bunch of vacuum optimized transportation device emojiis. + +[ \(photo credit for the Karptoon goes to ex-Palantir designer u\/gottacroe and my wife u\/LindsayatAdaDiamonds photoshopping in the Salesforce Einstein\)](https://preview.redd.it/alrclog6jph61.jpg?width=2550&format=pjpg&auto=webp&s=1ccc3ebfc134179b868459db097dd9d1e51534c1) + +Lots of words below, so here’s the TL;DRs, Table of Contents, a self dox, and position disclosure before my DD. + +**TL;DR #1**: After watching Demo Day twice, I am blown away at how much Palantir’s products have matured in the last 6 years since I left Palantir. I find the new UX far superior to offerings from GOOG, MSFT, and CRM. Apollo is absolutely incredible, and it’s going where no clouds have gone before… from Humvees to nuclear submarines. Lastly, it is clear to me that PLTR has invested heavily in best-of-class administrative tools to improve the speed to deploy Palantir. Bottom line: I fully understand why IBM gave up fighting Palantir and is now selling Palantir Foundry to IBM clients. + +PLTR when I left in 2015 versus the Palantir I saw on Demo Day: + +[You've come a long way baby.](https://preview.redd.it/fuvi00aejph61.jpg?width=1182&format=pjpg&auto=webp&s=d993cff432e6b8f49b6728ac4d180cbbb2979080) + +\_\_\_\_\_\_\_ + +**TL;DR #2:** IBM just surrendered to PLTR. In the words of POTUS, this is a… + +# Big. + +# Fucking. + +# Deal. + +To put it politely, IBM and Palantir don’t have a very good past relationship. So the fact that IBM is now pushing Foundry means one thing: Foundry is so unfuckwithable that IBM was losing numerous contracts to Foundry-wielding competitors and IBM had no choice but to swallow their pride and cut a deal with Papa Karp. + +* First they ignore you. +* Then they laugh at you. +* Then they fight you. +* Then they surrender to you and sign a deal to slang Foundry to thousands of clients in 180 countries. +* Then they send your shareholders tendies for decades. + +\_\_\_\_\_\_\_\_ + +**TL;DR #3:** Regardless of how ‘good’ or ‘bad’ the 2020 earnings are tomorrow, I find the news from early 2021 to be an incredibly strong signal pointing to an eventual $250B+ market cap for Palantir – BP renewing their enterprise deal, Rio Tinto and PG&E signing a new enterprise deals, AT&T aggressively hiring for Palantir skills, and 2,500 IBMers now pushing Foundry to clients all over the world, etc. IE the tea leaves I'm reading point to strong growth in 2021 and beyond. + +It's also worth mentioning that many of the new commercial clients have some of the most difficult and complex supply chains in the world. + +If they’re in, I’m in. + +\_\_\_\_\_\_\_\_ + +**TL;DR #4**: Eventually, institutional traders will comprehend the immense long-term value of ~~Planeteer~~ ~~Planter~~ Palantir and the stock will join the PFAANG club (though I vote that we rename it the FAAPNG club). + +\_\_\_\_\_\_\_\_ + +**Table of Contents:** + +1. Praise & Constructive Criticism for Demo Day +2. Why Palantir is a Diamond Fisted Iron Man Suit +3. The True ROI of Palantir +4. Muthafuckin’ Clouds in Nuclear Submarines +5. Does it Matter that Palantir Needs FDEs at Deployments? +6. Should you YOLO on PLTR? +7. My Appreciation for the Palantir Team +8. Musings on Earnings and Unlocking + +\_\_\_\_\_\_\_\_ + +Because there are so many shills, pumpers, and bullshiters on WSB these days, I’ll self dox myself. I’m Jason Payne. I joined Palantir in early 2007, when it was a few dozen geeks with big dreams, and left in 2015 to become the CEO of [Ada Diamonds](https://www.adadiamonds.com/) (hence my username). + +I joined Reddit to do an official [AMA on laboratory-grown diamonds](https://www.reddit.com/r/IAmA/comments/8pb8d5/i_grow_diamonds_i_make_custom_jewelry_with_these/) a few years ago that hit the front page, stuck around, and have absolutely fallen in love with the Reddit community. Thus, I want to give back to my fellow Redditors with a bunch of words and a few pictures to explain Palantir from the perspective of a former employee. + +You may think that I’m a Palantir sock puppet given how my bullish I am in this DD. I’m not. Turns out I have a DD-writing fetish. Don’t kink shame. [Here’s a couple of my prior DDs](https://medium.com/@Jason_Payne) on De Beers, Tiffany & Co., and the FTC. + +\_\_\_\_\_\_\_ + +**Positions or ban:** At the current PLTR share price, I hold a Keyser Söze position - I could sell out this week and simply walk off into the sunset. But I’m not going to. I have yet to sell all of my unlocked 20%, and I plan to mostly diamond hands my soon-to-be-unlocked 80%, with a decade long diversification plan to exit my concentrated stock position, regardless of earnings tomorrow. + +Why? I like the stock, a lot. + +\_\_\_\_\_\_\_ + +**#1) Praise & Constructive Criticism for Demo Day** + +Existentially, Demo Day was incredibly impressive. This thread with u/namingisreallyhard, u/DentalFox, and u/jamauer sums it up: + +&#x200B; + +https://preview.redd.it/d0p7dwzijph61.jpg?width=526&format=pjpg&auto=webp&s=9caa7b51ca8f7c2315988eda62f4afa7f30f7b07 + +Four things stood out to me: + +**Superior Design Language to CRM, MSFT, and GOOG:** Palantir has a completely different front-end user experience (UX) than my time at Palantir, that I saw for the first time on Demo Day. I find it practical, beautiful, and efficient. + +The design language is called Blueprint Javascript, and it’s built on React, a modern web development platform that Facebook built. Big ups to Palantir for open sourcing BlueprintJS, meaning that anyone can use it: [https://blueprintjs.com/](https://blueprintjs.com/) + +Blueprint is a UI toolkit for web development of complex data-dense interfaces for desktop applications. Compared to the cartoonish UX of Salesforce’s Lightning, the flat UX of Google, and the rigid UX of Microsoft Office, I would much prefer to work in Blueprint all day. + +I struggle with how spread out Lightning is by default and really appreciated how dense the Blueprint inerfaces are without feeling crowded. Getting that balance right is really difficult. + +**Deep Investment in Deployability**: Administrative tools are the unloved stepchild of enterprise software. No-one buys the backend system, so minimal investments are typically made to build the backend tools to run the software. + +Salesforce still hasn’t ported their admin tools from their clunky Web 1.0 Salesforce Classic to their more modern Lightning design system. Google’s back end admin tools suck compared to their client facing tools - Gmail, Calendar, AdWords, etc. + +The admin tools that Palantir demoed appeared far better than what I use every day to run my Salesforce instance. I bet I could do most tasks in Foundry 40-75% faster than Salesforce. + +**Migration from ‘*****Find the Terrorist*****’ to '*****Cheat Code for War*****':** When I was at Palantir, the primary use case for Gotham was link analysis to find the bad guy. Gotham has clearly evolved from that mission to a far broader set of missions. + +Another Redditor described Gotham as ‘cheat code for war,’ and I think that is spot on. That’s why Palantir has won so many different logistics, mission planning, command and control, etc. military contracts recently, including the Space Force + +**DoD IL-6 SaaS Approval:** Palantir moving to IL-6 approval could be an entire massive DD on its own, but I’ll keep it short. It’s a big fucking deal to get Apollo running on classified networks, and Palantir is far ahead of the other big SaaS players in this approval: + +https://preview.redd.it/hl1j7wwkjph61.jpg?width=1314&format=pjpg&auto=webp&s=d4dc190a30dc75e8d66bcd6c8ab74cb42472137d + +Now that I have fanboied on Demo Day I want to be critical of the presentation style of Demo Day. I’d give the presenters a C+ at best. I found it rushed, confusing, and difficult to follow. I had to watch it twice to fully absorb the content, and I’ve given 500+ Palantir demos in my lifetime! My constructive criticism: + +* Slow down 15-20% +* Err on the side of a simpler, more approachable lexicon +* For the love of God, stop reading from scripts. Use bullet points +* Handoffs were way to abrupt. Take a deep breath between presenters for us to get prepared for a new topic +* Get better microphones and Snowsound panels for future presentations +* Get a professional public speaking coach involved in rehearsals + +I’m not alone in my take on Demo Day. Here are a few unprompted DMs I got from random Redditors on the presentation: + +>*· I don't know if it is just me, but I genuinely felt like I was watching a haphazard presentation that didn't really do justice nor capture attention in a lucrative way* +> +>*· It lacked charisma and charm, and it felt cobbled together like a group project by university students* +> +>*· I was watching the demo day presentation, and left feeling underwhelmed. It may have been impressive to someone who is in the industry, but from someone outside of it, it all sounded greek to me.* +> +>*· I felt like the Gotham team was clearly the A team and Foundry needs better presentation skills.* + +I know my last PLTR DD made the rounds at Palantir, so here’s a direct message to those behind Demo Day - if everyone told you that you ‘*killed it*,’ you \*really\* need to find someone in the organization willing to speak truth to power. + +\_\_\_\_\_ + +**#2) Why Palantir is a Diamond Fisted Iron Man Suit** + +One of the Demo Day presenters made an interesting comment that stuck with me: At Palantir, we build Iron Man suits, not robots. + +No, Palantir does not have a skunk works program building flying mech suits (AFAIK). + +Palantir builds *cerebral* cyborgs, not *physical* cyborgs. Palantir’s products create a symbiotic relationship between human beings and computers to better solve *cerebral* tasks, not *physical* tasks. + +&#x200B; + +[Iron Man. Cerebral Edition.](https://preview.redd.it/77xps5ipjph61.jpg?width=1000&format=pjpg&auto=webp&s=eb3acbee813e27ca69f7b94c9158fba44c6e142a) + +If you have not watched Demo Day yet (or you rewatch it), listen for how many times they say the words ‘decision’ and ‘decision makers.’ + +Why a **diamond fisted** Iron Man suit? Palantir just closed an enterprise deal with Rio Tinto, who is the 3rd largest diamond producer in the world. So Rio Tinto will be using their PLTR-powered Iron Man suits to dig for fistfuls of diamonds on multiple continents. + +**\_\_\_\_\_\_** + +**#3) The True ROI of Palantir** + +Palantir is really expensive. No question about it. + +But you know what’s more expensive than Palantir? Bad Decisions. Being wrong is really, really expensive. See the Airbus 380, Microsoft’s market share of cell phones, the Golden State Warriors drafting Todd Fuller over Kobe Bryant, shorting GME in early January, and BMW/Mercedes/Lexus’s dismissal of TSLA. + +The true ROI of Palantir is substantially better decision making across your organization. Even a moderate improvement in decision making creates deep fucking value for an organization. + +For example, Airbus claims that Foundry helped them improved the speed of A350 production by 33%. There are 5 million discrete parts in an A350, and the Foundry-powered decisions led to a 33% improvement in production. Palantir doesn’t make that claim. Airbus makes that claim. That’s absolutely bonkers and that’s why this is no surprise: + +&#x200B; + +https://preview.redd.it/ns8wcvvsjph61.jpg?width=675&format=pjpg&auto=webp&s=6fb13831b6f18b58f53fa5131f6543e950e8569f + +The BP renewal and the new deals (PG&E, Rio Tinto, Fiat, etc) prove u/petroduct is right. If you have complex logistics, you should have Foundry. + +Say that Palantir improves the quality of decisions made at United Airlines by 6.9%. How much will the UAL stock appreciate over the next decade? If Palantir helps Rio Tinto improve decision making by 4.20%, how much will their bottom line grow by 2025? + +Below are a few excerpts from United's Director of Technical Operations on how they use Foundry. This is just scratching the surface of how an airline can use Palantir to improve operations; however, if each of these models/decisions are incrementally improved, even a little bit, the value to United is fucking deep. + +The entire blog post is a great read if you want to go deeper on Foundry: [https://www.linkedin.com/pulse/how-data-science-optimizing-united-airlines-pandemic-tom-romanowski/](https://www.linkedin.com/pulse/how-data-science-optimizing-united-airlines-pandemic-tom-romanowski/) + +>*\[minor edits for brevity\]* +> +>*The return-to-service model recommends which specific aircraft to return at which time in the future and how to utilize our available maintenance capacity (internal & external) to ensure they’re airworthy when we need them. Since we don’t know when air travel demand will recover, the models need to account for slow recoveries, fast recoveries, and everything in between.* +> +>*Our optimization models consider when “big events” (airframe checks, engine overhauls, and landing gear overhauls) will be due, along with the cost of those events and the available maintenance capacity to complete them. The models also incorporate other factors: parts availability and cost, available technician hours at each maintenance station, ability to secure supplemental maintenance lines at external MRO providers, aircraft-specific mechanical reliability and on-time performance, and even the quality of the in-flight products (seats, Wi-Fi, entertainment, power outlets).* +> +>*The team is also helping optimize the cycling of active and parked aircraft whenever we have surplus planes available to fly, which ensures regulatory compliance with the maintenance program, minimizes operating costs, and enables our Tech Ops team to be very intentional about balancing our operational objectives – do we want to fly the most reliable aircraft, the lowest cost aircraft, or the aircraft with the most time left until its next major maintenance event?* + +&#x200B; + +\_\_\_\_\_\_ + +**#4) Muthafuckin’ Clouds in Nuclear Submarines** + +Toward the end of the Apollo demo, one of the presenters offhandedly mentioned something that caused my jaw to hit the floor: Palantir will be deploying Apollo on US Navy submarines. + +IL-6. Clouds. In. Nuclear. Submarines. + +As someone who has installed and managed Palantir servers in server rooms all over the world, I can’t state how huge it is that the US Navy is approving the Apollo modular cloud architecture to be deployed on some of their most sensitive and expensive assets. + +The fact that upgrades to the entire fleet can be managed like upgrading an AWS server? + +&#x200B; + +https://preview.redd.it/mvmtqwdvjph61.jpg?width=400&format=pjpg&auto=webp&s=ef22d9c598c63b3bd4e488b8439bc4082ff9f5ba + +\_\_\_\_\_ + +**#5) Does it Matter that Palantir Needs FDEs at Deployments?** + +One of the favorite arguments of the Palantir bears is that Palantir is an unscalable, overvalued services company that should have the same P/E as Accenture, Booz, BAE, etc. The bears say that Palantir only has a handful of clients and can’t scale. In my mind, the quality of the admin tools show on Demo Day and the IBM partnership announcement eviscerated that argument. + +When I was at Palantir, it was a bitch to build and manage deployments. From what I saw on Demo Day, Palantir is now easier than Salesforce to deploy. I say that as someone who has written tens of thousands of lines of code for Salesforce (Lightning, Apex, SOQL and Visualforce). + +Eventually, Palantir will have the same ecosphere of 3rd party developers that deploy and manage instances of SAP, Salesforce, Microsoft, etc. but that will take years to fully mature that ecosphere. Eventually, Palantir will have robust certifications for various skills and tasks to manage Palantir deployments. + +But in the meantime, Palantir's Forward Deployed Engineers (FDEs) will continue to directly manage deployments. Given how much progress Palantir has made on the tools to improve the efficiency of the FDEs, I no longer worry about the scalability of that team. + +Say that three utility companies all buy Palantir – PG&E, ConEd, and Entergy. Palantir invests 4 years worth of FDE time in PG&E, 1 year in ConEd, and none in Entergy. + +* PG&E improves decision making by 10% and does a massive enterprise deal with Palantir to deploy to every part of the organization. +* ConEd improves decision making by 2% and does a moderate renewal for a few specific teams. +* Entergy bungles their deployment and actually makes worse decision as a result. They do not renew. + +Assuming \~$500k/year all in is the cost for a good FDE at Palantir, we're talking about small up front investments that return bigly for PLTR in the long run as those deployments are extended like the BP deal. + +To put it another way, when you think about Palantir deployments in months or years, the FDE overhead is spooky. But when you think about those deployments converting into decade long *operating system for XXXXXX* deals, the FDE overhead is not significant. + +Also, to be honest, there are very few people with TS/SCI security clearances that even know what React is, much less how to write code against it, so in some of the more sensitive use cases for Palantir, I think that FDEs will be the way for a long time. + +\_\_\_\_\_\_ + +**#6) Should you YOLO on PLTR?** + +I’m not going to give anyone financial advice, but I do want to point out a few things: + +PLTR is not a meme stock. Palantir is not a small-cap that can move bigly because, a bunch of furry quadrupeds gathering on internet messaging boards collectively decide that we like the stock. + +Palantir is a bunch of wickedly smart people building Iron Man suits for the largest, most important organizations in the world. + +Many of the larger institutional investors still don’t truly comprehend Palantir and the medium term public valuation may not properly reflect the present and future value created by Palantir. I have no idea when the analysts will finally get the value of PLTR. + +A lot of historically successful investors think PLTR is extremely overvalued. They may be right. + +A lot of historically successful investors have massive positions long PLTR. CathThey may be right. + +So my crystal ball says PLTR may go up, down, or sideways for longer than you can stay solvent or interested in Karp memes. + +Regardless of the ticker, if you YOLO, please YOLO responsibly my friends, and for the love of god take some off the table if/when you’re fortunate enough to have green dildoes in your accounts– whether your gains are from PLTR or any other stock you happen to like, a lot. + +\_\_\_\_\_\_\_ + +**#7) My Appreciation for the Palantir Team** + +I do want to take a moment and say to anyone who has been a part of building Palantir over the last few decades: what you have built is incredible. Thank you. As an American, thank you. As a stockholder, thank you. + +Enjoy your tendies, you’ve earned them my friends. + +\_\_\_\_\_\_\_\_ + +**#8) How I Play My Lockup** + +Regardless of how the markets view the earnings report tomorrow, I’m largely HODLing my remaining Palantir shares, as I think Palantir is in a class of it’s own, lapping the competition like SpaceX and Tesla. + +I do have a professional advisor and we have prepared tax-optimized divestment strategies for a number of scenarios, but none of those scenarios involve paper handing out of my remaining position, regardless of a good, bad, or ugly response to the 2020 earnings report tomorrow. + +Why would I sell now if I believe that FAANG-like is growth coming over the next 10 years? Why would I sell when I think Palantir in 2021 is like Mercedes F1 in 2014 about to go on a worldwide domination over the next few years? Also, with the shares finally unlocked, I can borrow against them for the first time. + +I've already responsibly taken enough off the table pre-IPO, so I’m not in any rush to sell. My first substantial limit order will be at a market cap of \~$100B with a ladder up to \~$250B. So I’m skeptical that I’ll sell any more than 5% of my remaining shares this week. + +That’s my $0.02 on Demo Day and some of the recent news. + +So long, and thanks for all the tendies. See ya at the restaurant at the end of the universe PLTR gang! + +# 💎🙌💎 + +# 🚀🚀🚀 +TL;DR — Be cool and ask if you can give your rep clarification or more information. They are working in this field because they likely are interested in it and care about it, so they’re probably willing to hear you out! + +So, I am a lowly X holder, but Lorenzo, who was helping me out, asked, “Do you understand the risks with this as far as not being able to sell quickly from Computershare?” + +I let him know that I was aware or you can submit a limit order and a market order, although there is definitely a possibility that it might take longer to fill then through a traditional broker. + +He then wanted to let me know that, as far as he understood it, the big concern was that shares held with Fidelity would be lent out for short selling, and because I have a cash account, that wouldn’t be a concern. I told him that I felt more comfortable with my shares being registered directly to me, but then I asked him, “so, this is a weird question, but how much have you heard about all this?” He let me know that he knew there was a Reddit post about it, but it seemed like really all he had been exposed to was the issue with lending shares out. + +Then, he asked, “Has there really been any evidence that supports all this? I know I’ve seen a couple things here and there, like theories, but has there been anything?” I let him know that there definitely was, although I did not feel like I know enough of it intrinsically to go into acute detail beyond. I asked if he’d seen the court filings and internal communications from RobindaHood acknowledging a ‘major liquidity crisis’ and how they PCOd GME, AMC, KOSS, and others. + +“Like, from a few months ago?” +“From the court filings that have been available just this last week! And they perjured themselves, because Vlad Tenev said there wasn’t a liquidity problem. And then Ken Griffin of Citadel denied they’d had contact with RobinHood, but those same communications show Vlad asking to let Ken know he wanted to talk.” +“Oh. I’ll have to look at those.” + +I said, “The 10-second theory in a nutshell is that short sellers did not close their positions, and instead have learned to cover them in a bunch different ways to make it look like they’ve closed, like passing the buck back and forth through swaps. Plus, since this computer share thing took off, you can see GME activity on the dark pool at some of the lowest volume it’s ever been, while the New York Stock Exchange volume keeps going up. Something like 8 out of the 10 most voluminous days in the past year on the NYSE for GME have been in the last few weeks.” + +Then I said, “I don’t know, man. I feel like the risk of losing $500 or $1000 doesn’t come close to the payoff if this is right. And it makes sense to me that the richest among us would find every way possible to keep wealth out of the hands of everyone else, right?” + +“Well, they’ve been doing it for years. Hundreds of years.” + +I referred him to this Subreddit and let him know that the community has been generally really good at curating the evidence he asked for, as well as self-debunking misunderstandings and falsehoods. + +All that to say, if you have the time to respectfully offer a little more information about why this is happening, it really could go a long way. +25yo Looking to buy and have 50k+ for a down payment, no debt, 200k+ annual income and ready to finally be out of an apartment since the space is incredibly limited. + +My "strategy" has been simple: + +- Save enough of a down payment for 10-20% +- Buy something that is only 25% or less of monthly take home +- Don't pretend to know what the market will do +- Buy + +**But I'm constantly being "lectured" by those older than me 50+ yo about timing the market** + +> *"you'd be an idiot to buy right now... the prices are gonna drop so low... you'll have a cheap house for prices like the 70s when everyone can't afford their house... its going to crash, just give it 2-4 years.... the worst thing to do is buy now"* + + +I just nod along and listen, but deep down am thinking: "i have absolutely no idea whats going to happen, and I can't predict it" + +I was almost confidence in the plan above because of that fact. But more and more I'm being told that I'd be dumb to buy, over and over. that its going to crash. + +Do I just tune it out, or do I have it all wrong? +Tried to do some research and couldn’t find any advice on this. I generally keep only $300-500 in my checking account on purpose at any given time. I have a credit card that I use for normal day to day purchases for points, fraud protection, credit building, and other pros of using credit cards. After I pay it off every month and bills/rent, I put the difference in saving then keep my debit account relatively low. I’m paranoid that if I lose my wallet or get robbed, someone will try to drain my debit with no recourse from the bank, that’s why I use my credit card as a “debit card.” All of the websites I see say keep 1-2 months of expenses on there, which for me would be around 2-6k. I thought that’s what a savings account was for? Thanks +Title just about says it all. I'll obviously meet with a professional financial planner when the time comes, but am trying to get an idea of what other people have done or think a good method would be. + +EDIT- Im a 27 year old man, i have about 80k of debt most of which is medical from the incident surrounding the lawsuit but my insurance paid for the lions share, leaving me with about 2k of that, so about 10k of remaining debt. im still u sure if im liable to reimburse the insurance company. +https://i.imgur.com/TS3usND.png + +Savings Goal: have $100k in savings by the end of 2024 (5 full years of saving and the year I turn 30). I have no specific plan around this figure, I'm not necessarily going to use it to get a house deposit or anything but I consider it a fairly achievable figure over this kind of time span. Thinking of putting most of it into VDHG or similar ETFs so that my money is actually doing something for me. Thoughts? + +Other minor information: I've overestimated the costs of a couple of things, like with Myki cost I don't always catch the train in I sometime ride a bicycle in, and Fuel costs, haircut, mechanic costs are pure estimates. +Many organisations and roles that I interact with are looking at changing their working style in future, with working from home models of either full time WFH or a hybrid with team members attending the office a couple of days each week. + +This obviously changes the game in terms of where we can effectively live. If you commute 30 minutes to work 5 days a week, that is 5 hours each week. You could live 1 hour from work and if you're only coming into work 2 days per week, your choices for areas to live can open up without increasing your weekly commute times. + +I've heard others speaking about this, and with my work looking to move to a model of wfh / in-office post covid, we have gone from looking at inner city suburbs for living, to outer city suburbs. + +Curious as to what users on this sub are experiencing and potentially how they plan to take advantage of it? Also, curious to hear your thoughts about how this could impact property markets and other market segments? +I am just learning and am luckily in a sim. The last month or so I was trading with above 70% accuracy and this week I must be down to 40% at best. I have been fighting my own brain and outside stress this week, but is anyone else getting beat up this week or is it just me? +As someone that trades just for some side cash, I’ve never felt pressured to have to trade or make money, but I recently realized that for full time traders, there might be an emotional barrier of having to put money on the table. + +Has this ever affected your trading, and if it has, how were you able to overcome it? +I can't seem to wrap the concept of entering or exiting a candle in x time. For example, I could be on a 3 minute interval but the candle is still forming, it's hard to tell right at that moment what it could be. + +Does this always mean that we 100% of the time, rely on the previous candle? Can we ever trade "right at the moment" because when entering a trade, I know for sure it would be a full candle only to end up being a hammer one. + +In the general subject of trading, are traders (or more accurate traders) just basically traders from the past? It's just hard for me to conceptualize trading ON the candle because it could always still be forming, there were many moments where I thought it would be turning into a hammer or not, etc. only to be completely different. Am I making things harder for myself? +Can I dispute this? + +Why does it make sense that the dealership would run (is that the correct terminology) a hard pull on a 100% cash purchase? + +Should I have declined to give them my SS number? I tried to decline but the dealer said it was needed for the registration. Is that even true? + + +Thank you very much in advance for any advice you can offer me. +i'm so tired. i'm so sick of going to bed hungry and going to work hungry. i'm so fucking sick of not knowing if i got my shit covered this month. will my phone be shut off? what about the electric? is my cat fed? am i fed? can i make rent? i always feel like i'm drowning. i'm so tired. + +edit: hi everyone, thank you so much for the support. i can't reply to everyone. there's some really great advice in the comments, especially for helping my cat out. i'll be looking into resources for her so, thank you! i'm already utilizing food banks but sometimes it's just not enough. i've decided i'm going to ask for help and try to receive some social services/ gov assistance. thank you all again. +I’m sorry if this doesn’t seem to be the right sub for this but we woke up today to a random $4000 in our account and we have no idea what to do. +We checked our account in our bank’s app and it just says “PENDING ACH TRANSACTION $4,528.83” and nothing else. I’m thinking it probably isn’t a mistake of sorts, or it is. I’m really not sure how to process any of this. We’re currently struggling financially to the point that our accounts are completely empty after we pay all our bills and shop for necessities so this kind of money looks like some kind of miracle godsend to us. I was thinking maybe it was some kind of refund or financial aid but we have already received our refund and I haven’t even finished filing for my financial aid yet. Should I call our bank? Should I call the police? What do you even do with this kind of situation? + +EDIT/UPDATE: Called bank, it’s a very late travel reimbursement from work (he’s military hence the massive delays lol) but good news is we are saving it, all in the name of personal finance. Thanks for all your help guys! +I always have read how it's an inspiring book but after reading a few chapters it sounded terribly uninspiring to me. + +I say this as someone who in my circle is seen as super frugal and I save about 50% of my income on about $55k + Has anyone SkinnyFIRE into FatFIRE? + +Just curious if anyone has done or thought about retiring frugally at a much lower draw (1.5%) and eventually let the portfolio grow into a more sizeable account and drawing normally in the later years. + +In my projections, I plan on have 1.6 million by 40 years old. My draw of 1.5% will put me at $24k a year which is more than enough for retiring overseas in countries like Malaysia, Vietnam, Philippines, Thailand, Indonesia, etc. While living on a 1.5% draw I can maintain an aggressive portfolio to still return \~7% meaning 1.6M X.07 = 112k-24k=88k annually saved. Roughly in about 10 years I would have over 3M and can then do a 4% draw for 120k a year. + +This gives me the benefit of retiring at 40 and having 3M at age 50 rather than work until age 46 and have 3M according to my projections. + + +Thoughts? + +Edit: Apparently we're going to call this r/MulletFIRE +Solid article on trading mindset + +&#x200B; + +[https://www.bprising.com/articles/the-greatest-enemy-of-trading-and-investing-success-is-yourself](https://www.bprising.com/articles/the-greatest-enemy-of-trading-and-investing-success-is-yourself) +Aside from the earning dumb a few weeks ago. Why is the share price collapsing these couple last days? Was there a new revelation that I didn't know about? +Used the search function and couldn't find anything so I figured I'd ask. + +Currently I use yahoo finance to stay updated on the markets, and have my portfolio holdings on a watchlist so I can get updates on them. However, I'm sick of all the motley fool posts (among others) in my feed... I don't want BS recommendations and clickbait, just news pertaining to my stock holdings as well as broader economic news. Preferably canada-centric. What do you all use? +It makes me wonder if people voted right? Or will they ever vote right? + +The only thingS that the government promises is better infrastructure, better prices for goods and commodities and services(never happens). Sorry to say, but religion has always been a major factor of electing representatives. With the government focusing on such trivial matters, how do we even expect them to understand Cryptocurrency and make right decisions. + +It's funny, how for months they said they wouldn't ban Crypto, and all these Exchanges advertised Crypto like there's no tomorrow, how the government first gave us hope, and when millions of people dipped their toes into crypto, the Government does half a Rugpull and everything goes into chaos. + +I'll probably move out of the country if this shit goes on. Y'all can consider yourselves lucky if your leaders are even a little smarter and devoted to development compared to ours. + +Fuck. I never thought I'd get Rugpulled +Sorry if this is a ramble but it's very late and the thought was very exciting so i wanted to share. + +GMERICA will be your one stop shop for everything. Streaming delivered to you by blockbuster. Home shopping at $Click. Digital ANYTHING head to the marketplace. Physical media head to GameStop. All with next day delivery. + +We are also in the middle of the race to the first meta verse. Epic and apple are both heavily interested in being the first to the metaverse. The cyber nfts feature both apple and epic Easter eggs. They wouldn't just use those logos. These nfts are obviously models for the meta verse. + +A metaverse powered by unreal engine on apple VR hardware. Hardware that could double as physical wallets and some of the best security. Apple has been making strides to make a seem less experience from screen to screen. + +Apple may just dip their toe in the beginning but they want to be first in the next big industry. Best of all cross integration through every storefront through your wallet. I believe the big reveal soon might be full integration of the GameStop wallet in the Apple wallet. + +Facebook knows they're behind. They have no solid way of monetizing their metaverse without bombarding their customers with ads and micros transactions. The zuck is stuck. + +Everyone behind GameStop have created a nail in the financial system. Retail is the hammer + +The Market place Is coming before end of July. We are looking at a massive merger with an on going working relationship with apple in the biggest industry since tending to people who don't want to do things for themselves. + +MOASS is inevitable but now it looks like Moass is just the beginning. +I posted a chart of the growth of my net worth in [late 2019 here](https://www.reddit.com/r/financialindependence/comments/dzdky2/the_beauty_of_compound_growth/). I originally wondered how long it would take before you can see the exponential increase due to compound growth in a real setting. From my original post, you can barely make out a slope. + +Here is a follow up to this post [updated for 2/2021](https://imgur.com/a/wKDqPYY). + +You can clearly see the impacts of the pandemic on my net worth growth. However, as I remained almost fully invested, my NW recovered and then some. This time you can clearly see a nice curve to the growth rate (and the impact of compounding) + +[Another view](https://imgur.com/a/WbBASgm) \- this chart is my NW over time with the growth rate in % on the Left Y axis. The red line is month to month change in absolute numbers. In general, you can see that as time passes, the % change per month decreases even though the month to month change seems to increases. As my monthly contributions were fairly steady, this is directly related to compound growth. You can see more significant changes in %/absolute numbers in 2020, but a large component is due to the volatility we saw in 2020. + +For those starting out, note that the largest impact is consistently contributing to savings - this makes the largest impact starting out before compounding growth takes over (ie: the past 2 years, i was able grow at greater than my take home pay) ... but it took 7 YEARS of contributing consistently before you start seeing any impact of compound growth. My income has changed less than 1% / year over the past 7 years, so that did not play a significant impact. This curve should be the same for pretty much anyone regardless of your net worth (from $100 to $10M+... the biggest change to the growth would be if you were able to slowly add MORE contributions monthly due to raises and your personal rate of return depending on your investment choices and where we are in the business cycle. +The often abused Gary Gensler was teaching Blockchain finance at MIT in 2018. In 2020, MIT released some of their courses for free on YouTube. In early 2021 I watched a few and stumbled upon Gary's course. + +I actually posted it here but it didn't get a lot of traction, and we weren't very far down the loopring L2 road at that time. That and its a long lecture so not many probably watched it. Well, how times have changed. + +The video I will be referencing can be found at - [https://www.youtube.com/watch?v=EH6vE97qIP4](https://www.youtube.com/watch?v=EH6vE97qIP4) + +This video is the intro to his semester course on blockchain in finance. I strongly suggest you watch it. + +I'm going to take just a few slides from this presentation and explain why GG is actually helping us take GME onto a decentralized exchange and change the history of markets forever. + +Also thanks to [u/hunnybadger101](https://www.reddit.com/user/hunnybadger101/) \- for making this post([https://www.reddit.com/r/Superstonk/comments/r1g4pp/the\_dd\_is\_rightpwnwtfbbq\_gherkinit\_thabat/](https://www.reddit.com/r/Superstonk/comments/r1g4pp/the_dd_is_rightpwnwtfbbq_gherkinit_thabat/)) which spurred me to make this. They are pretty bang on with that post, except the colors and game tweets... too much tinfoil, but entertaining to say the least. I wanted to give their posts comments about Gary some actual diligence and sourcing. There is lots more than what I have compiled here to follow this train of thought, but ill keep it as direct as possible for now. + +Gary knows the world is heading towards blockchain and wall street desperately needs to catch up and be on board or completely miss the future of finance. + +Use Cases for Blockchain Slide - Clearing, Processing, settlement - Securities and derivatives. + +[https://imgur.com/ijH370u](https://imgur.com/ijH370u) + +Gary knows for a fact, blockchain can fix a lot of the bullshit on wall street FAKE SHARES. Gary knows the opportunity here. + +Shortfalls of traditional markets that blockchain can solve + +[https://imgur.com/Ltj653H](https://imgur.com/Ltj653H) + +Gary even knows that blockchain can actually be the new layer. Wait... LAYER 2 ... are you seeing where this is going... + +Web 3.0 + +[https://imgur.com/madva9z](https://imgur.com/madva9z) + +Gary knows this is the catalyst to a new market, but at the time, didn't know the gross and illegal short selling of GME would be the ticket to deploy it. + +Catalyst for a new market + +[https://imgur.com/WYqN6zs](https://imgur.com/WYqN6zs) + +So, I must insist. As we begin to learn about GameStop being the first security to trade on a public decentralized exchange in parallel to traditional markets... You need to be more open minded about Gary Gensler. This has certainly been an extremely difficult endeavor for him, but when history looks back on this beginning, Gary will be a hero. Not RC level, but a fucking legend non the less IMO. +...now you've decided to look beyond the simple and dumb David & Goliath story being fed to you. You think there's probably some semblance of truth about what happened in the documentary, but you're curious about what's been omitted. + +You are looking for more. + +And good on you for that! Keep digging because what you'll find out will change your life. It's changed mine, at least. Read the DDs. Ask questions. Maybe even buy the stock and figure out what this whole DRS thing is all about. Push yourself to discover why so many people want this GameStop thing to just be over with already, and try to discover why there are diamond handing apes who will never sell a share. + +Here's the trust me bro part of this post: I work as a writer in Hollywood. This is my job and it has been for a little while and I love my job, most of the time. I've also been an investor for about 15 years. My position in GME was a losing trade from July 2019- July 2020, then I went long on Jan 13, 2021, and I've never looked back, I've just added on both dips and rips and eventually I DRSd 100% of my GME shares (actually all shares of all companies in all my portfolios.) I will for the rest of my life, and I will suggest to people I know that they do the same because it's all one big con (just like Hollywood!) + +So I pitched a scripted, fictionalized series about GME to the studios, to the production companies (yep, even HyperObject which is Adam McKay's company) and I pitched it to anyone who I thought might listen. That was about 72 years ago now I think? + +Everyone has passed on the project. Everyone. Not one meeting. Just a pass. Nothing else. A-List and B-List passed. I've had projects go nowhere before, but I haven't failed so spectacularly hard, so many times, on one project since I became a pro! + +My manager was right: it was highly unlikely there'd be any interest in Hollywood about telling a true story of what happened/is happening. Not yet anyway, even 93 years after the sneeze, the second sneeze, the final DFV tweet, and so many many other important moments... + +But I did try. I'll never completely give up and I still think, even after THE DUMB MONEY movie fails, I'll still possibly have an opportunity to tell the story as right as I can. + +Who knows what the tv spec market will look like 133 years from now, after all? + +The truth is, no one cares about getting it right (except for Jon Stewart! He really impressed me with his attention to the markets. Of course his company ALSO passed on my project, lol, but they don't really do scripted stuff so I knew it was a longshot.) + +The bottom line is, no one in Hollywood cares about the financial system, or the world, or even the entertainment industry, or anything really. + +One more time: NO ONE CARES ABOUT A DAMN THING EVEN IF YOU THINK THEY MIGHT. + +They want one thing. Their money. That's it. And then they're onto the next story/people/market to exploit. + +The shot callers in Hollywood are what I'd call spiritual paperhanders (not all, but most.) They have ethics right up to the moment until they don't. They have influence... until they don't. They have your back... until they don't. It's sort of like SUCCESSION meets VEEP -- no one has a fuking clue about anything, but everyone's mostly ruthless AF anyway. + +And these people, who ultimately decide what other people see (movies, tv, even gaming,) they fail upwards time and time again, mostly due to elite networks (Ivy schools, NYU, USC, etc.) and rampant nepotism. They represent everything that's wrong in our corporatist feudal system that forgives the failures of our institutions, and punishes the successes of individuals working to bring about a better and more fair system. + +What about art? Art? Really? Come on. Hollywood doesn't do art, or music, or films, or anything like that. It does commercial content! + +That said, Netflix should be flat out embarrassed by how far they've fallen. That documentary was terrible. I remember meeting Patty McCord years ago, and when she told me how things worked at their company, how they expected to win. I thought they'd rival Disney as the most important studio in Hollywood for the next century. I bought Netflix shares in 2012 after watching Lillehammer (not because it was good, but because I knew they had the game changing format.) I sold in 2020 just before the covid crash. + +So Netflix allowed that garbage documentary to hit a worldwide platform via a production team from the Wall St Journal. But I'm grateful for it because, if you're new, and it brought you here and you're still reading this, then it allowed me to send you off on your way with the most important thing for you to remember: + +The shorts never closed. + +And MOASS is tomorrow. + +EDIT 1: For those of you wanting to do more research into this trade. [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) +By reading more and more and more about network telecommunications I was able to move from a $12.50 an hour entry level position to a six plus figure salary within a 4 year period. For those $12.50 an hour years I was eating beans and rice almost everyday and scrambling constantly to make ends meet. Always a pay check away from car repossession, homelessness, having to hide my car to prevent it being repossessed, etc... + +I didn't learn about networking from MIT videos but YouTube and following links on Wikipedia to dive deeper. I post this as free resources to gain knowledge about subjects will increase your skill set leading to higher paying positions. Understand this will take time. +I just got a permanent job offer at a great company and I need to move out this week. I found an amazing rooftop apartment for myself but the only problem is the rent is 50% of my monthly income. Adding in annual bonus that goes down to 35-40% but I won’t see that money for a year. I live in a city where rent is pretty extortionate for crappy apartments. I’d love to live in that apartment for at least the next year but the price is giving me the willies. Is it worth sacrificing the money to live in a great place? Also should I chance my arm and make an offer to lower the rent to the letting agency? +Mister Money Moustache argues that you should put everything into VTI, which invests in the total stock market of the US. His reasoning is below: + +>Some people like to get fancy and buy international index funds, which can do well when the US is hurting (as it has been recently). This is fine, as long as you understand that it’s just another form of trying to outsmart the basic stock index. When you do this, you are stating that you believe the  stock markets of the other countries are more undervalued relative to future growth, than the US market is. The US is traditionally the most business-friendly country in the world, so its stock index has tended to have the highest performance, after taking into account its lower risk and volatility compared to, say, throwing all your chips onto Russia or China. It may or may not pay off in the future – I just want to point out that most people just make this decision on a whim, something like “China is so hot right now, they’re taking over the world!” . Whereas to actually justify international investing rationally you’d have to be a very sophisticated investor and truly understand WHY you are doing it. +> +>So there you have it – in two words: Vanguard.com, and VTI. +> +>[https://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/](https://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/) + +When I read this, it sounds wrong, especially when he says international investing is "just another form of trying to outsmart the basic stock index. When you do this, you are stating that you believe the  stock markets of the other countries are more undervalued relative to future growth, than the US market is." + +The basic stock market index is not the US market but the world. In fact, by only investing in the US market, MMM is trying to outsmart the basic stock index by taking an active position in one country over another rather than diversifying across many. The same logic that applies to buying VTI over one stock (e.g. TSLA) can be used to invest in a blend of US + developed market + emerging market indexes vs only investing in one of these regions or one country. + +When MMM says that the "US is traditionally the most business-friendly country in the world, so its stock index has tended to have the highest performance, after taking into account its lower risk and volatility compared to, say, throwing all your chips onto Russia or China" he is basically taking another active position. +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. +Hello, + +I wanted to reach out to this audience since I don’t think most people have this issue on moving from a high paying job. Using a throwaway so I can share more. + +I currently work in finance as a product manager building out one of the firms analytics platforms on the business side in. VHCOL area. My TC is roughly 275k, 175k salary / 80k cash bonus + 20k in stock (vested over four years). I’ve been in this seat for the past 2 years, previously being in a more traditional revenue seat. My day now a days is heavily working with other technology and quant teams. With the casual interaction with other revenue teams. + +There’s been a lot of change in my wider organization and I was put under a new manager last year and she’s brought her own team. Needless to say we simply don’t see eye to eye and I feel like our priorities are not in sync. I lead a lot of the strategy and build out of our platform which I was working on prior to the reorganization but I’m completely overworked and understaffed for the projects I’m working on. Meanwhile the rest of the team works on other parts of the wider agenda but no one has a project that’s anywhere near as large. My requests for help or getting other team members reallocated have gone completely unanswered and simply get told everyone is busy. meanwhile our senior management is heavily advertising the platform to the rest of the organization and held as a major deliverable for the team. Additionally they’re starting to play games when it comes to my next promotion, at first I was told I was the only one in line but now got told I have to compete for the next two years with others. + +I’ve been here all of my professional career (12y+) but finally feel like I’ve had enough. I’ll be sad I’m leaving before my platform gets fully rolled out since Ive invested so much time and effort. My LinkedIn gets multiple messages a month, but nothing I’ve been crazy about. + +I’ve been able to save a decent nest egg of 800k (my salary has only increased in the past 5 years) but id leave about 50k in RSUs on the table since they’re unvested. I’m 33 and have no kids (possibly 3-5 years out), rent my place, and have a serious GF. Her figures are not included above. My rough FIRE goal is in the 3-5mm range, I save roughly 120k a year. + +How do I get comfortable leaving my high paying job and my almost sure path to FatFIRE? I’m afraid that I won’t be able to find something that pays as well and in general dreading the interview process. I’m also afraid I won’t be able to get another product management job given how competitive these jobs are, but that may just be my imposter syndrome talking. + +How have others dealt with this? Any advice you can give me? Sorry for the rant! +I have great insurance, recently hit my deductible, and have the time/desire to do a full diagnosis of my health. + +Anyone here do a periodic ‘full examination’ of their health? If so, what doctors do you see, and what tests do you have conducted? +Yes RC has been tweeting, the numbers and lines are there, t cycles are matching up in a very noice way, quarter end is approaching… on paper you would think “wow this could blow at any minute!” + +Remember every other time it even started to pop + +Remember how every time we catch on, they are already on to the next idea + +Remember any time the company releases news that the value plummets + +Remember everything you’ve learned since you began this journey. Most days are a bust, and I’m betting today will be as well. I really hope that I’m wrong but I expect something new in terms of tactics. Strange numbers, disappearing volume, big red candles, all that shit. I wouldn’t even be surprised if the daily window stays within 10$ + +Either way, HODL, expect fuckery, and try to position your life so that you’re good until we pop off. Love you all +I was reading through the recent thread on here asking when you realized you would never be “rich” and found myself fascinated at the responses indicating very different opinions on what “rich” means. + +So….what does being “rich” mean to you? +I'd like to leave school with literally anything in my savings. I pay for college with loans and day to day stuff by myself. I have a job and I would love to work on budgeting. Is this a good sub for me to ask questions even though I'm super privileged? +Please tell me I am mistyping his name. /u/TaxmanKeith + +If he truly is gone, this is a tremendous loss for the community. He was a great poster and super helpful. + +Someone tell me he moved to a different name? I hope the IRS didn't tell him to stop posting on here. + + +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week closed with some tit-jacking volume. +It wasn't that volume was particularly high or low. +It was that the volume was coming in huge chunks. +This is the signature of a whale buying into the market. + +Of course, this opens up a large number of questions. +Is this a new whale, or someone who already has a large position?Will we soon see disclosure forms indicating who is now the proud owner of millions of new shares? +I am just as eager as you to learn these things. +As we await answers, let's see if the German markets provide any insight. + +Today is Monday, December 19th, 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: **$20.87 / 19,65 €** *(volume: 6508)* +- 🟩 115 minutes in: $20.87 / 19,65 € *(volume: 6483)* +- 🟥 110 minutes in: $20.78 / 19,57 € *(volume: 5973)* +- ⬜ 105 minutes in: $20.92 / 19,70 € *(volume: 5946)* +- 🟩 100 minutes in: $20.92 / 19,70 € *(volume: 5926)* +- ⬜ 95 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- ⬜ 90 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- 🟩 85 minutes in: $20.86 / 19,64 € *(volume: 3136)* +- 🟥 80 minutes in: $20.86 / 19,64 € *(volume: 1776)* +- 🟩 75 minutes in: $20.90 / 19,68 € *(volume: 1776)* +- 🟥 70 minutes in: $20.87 / 19,65 € *(volume: 1776)* +- 🟩 65 minutes in: $20.97 / 19,74 € *(volume: 1261)* +- 🟩 60 minutes in: $20.83 / 19,62 € *(volume: 1254)* +- 🟩 55 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- 🟥 50 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- ⬜ 45 minutes in: $20.82 / 19,61 € *(volume: 1226)* +- 🟩 40 minutes in: $20.82 / 19,61 € *(volume: 1216)* +- 🟥 35 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟩 30 minutes in: $20.79 / 19,57 € *(volume: 1216)* +- ⬜ 25 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟥 20 minutes in: $20.78 / 19,57 € *(volume: 1216)* +- 🟩 15 minutes in: $20.78 / 19,57 € *(volume: 1180)* +- ⬜ 10 minutes in: $20.78 / 19,57 ��� *(volume: 1049)* +- 🟥 5 minutes in: $20.78 / 19,57 € *(volume: 1029)* +- 🟥 0 minutes in: $20.79 / 19,58 € *(volume: 956)* +- 🟩 US close price: $20.80 / 19,59 € *($20.90 / 19,68 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0619. 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! +Sorry that this is so regionally specific but hopefully will resonate with a few folks - don't really have anywhere else I can ask this. + + +I'm struggling with reconciling a popular advice in SF Bay housing market to buy your forever home as soon as possible.  The advice as I understand is to stretch as much as possible to buy something in a good area to stay put forever and add / modify as needed. This locks in your property taxes and mortgage cost assuming the housing prices keep going up. Housing prices have kept increasing in the past but past performance does not guarantee future... + + +However, as our incomes have changed over time, I find that it's a lot easier to sell or rent what I thought was our forever home and upgrade to something turn key in an even better area. Fundamentally, my definition of a "forever" home has changed as our financial situation has changed. There is always a nicer house out there - nicer being the catch all for area, size and the house itself. + + +I'm curious to tap the hive mind here to understand if you observed similar dissonance in the popular advice and your situation. + + +The genesis of this question is because I recently upgraded to a slightly better location and house than where we were and am already thinking I should have stretched much further just a few months after moving.  Does this feeling ever stop? + + +For context, we make ~900k with a NW of ~5M. Late and mid 30s couple with a 6MO baby. +Good Afternoon Apes, + +Sorry for no post last Friday but everyone needs an off day once in awhile. I will dump that data below today's info. First, WHO HAD A GREAT MONDAY? I know I chomped down a couple celebratory crayons at work. Love to see some green always good for the morale. + +There were two large block purchases of DEEP ITM calls today at the same time (3:18pm) out of PHLX (Philadelphia): 400 of the $15 calls with expiration 4/30/21 and 280 of the $5 calls expiring 1/20/23. If these were all purchased (i.e. none were sold) this would amount to a $10,758,800 transaction. + +[GME Biggest Options Trades 4\/26\/21](https://preview.redd.it/ph97ls8golv61.jpg?width=1226&format=pjpg&auto=webp&s=a90447ff3870f29505b4db81bc92a6330bff826b) + +I'm curious if we will see another large wave of these appearing this week and historically some of the largest purchases of these DEEP ITM calls has occurred on Wednesdays and Fridays. It will be interesting to see how things shape up this week and my TITS ARE JACKED to say the least. + +Here is the data from last Friday as well, as you can see there were no large block purchases of DEEP ITM calls. + +[GME Biggest Options Trades 4\/23\/21](https://preview.redd.it/9jwn28hmplv61.png?width=1227&format=png&auto=webp&s=4f882d6184f45e9344819d47925e9bea4feaa2d9) + +See you all tomorrow if my wife's boyfriend lets me use the computer. + +Edit: Forgot to mention there were some ITM puts bought out of ISE on Friday. Don't really know what to make of these yet but I will continue to monitor the data and see if they reappear. +When superannuation contributions increases to 10% in July, will the concessional contribution cap also increase so the folks hitting the cap already still get a small benefit from this change ? + +[ATO superannuation rates ](https://www.ato.gov.au/Rates/key-superannuation-rates-and-thresholds/?anchor=Superguaranteepercentage) + +[ATO Concessional Contributions Cap](https://www.ato.gov.au/Rates/Key-superannuation-rates-and-thresholds/?anchor=Concessionalcontributionscap) +Hi AusFinance friends, + +There’s a lot of talk in the media about inflation. I understand (from a couple of economics subjects more than a decade ago lol) the concept of inflation, but I don’t understand why it’s difficult to control. For instance, I just read an article saying that ‘record petrol prices could persist for weeks’ and attributing the cause to inflation. + +Taking the article at face value and putting aside all the click bait nonsense, why can’t the govt just regulate - ie put a cap on petrol prices - its way out of inflation? There seems to be a lot of discretionary profit in basic household goods in Aus that this could apply to. + +I appreciate it’s nowhere near that simple, but don’t understand why, so hoping you can explain. +Hi All, + + +Quick post during my work break. With GME sub 100$ I still have a 10% return in GBP despite my cost basis been around 116$. I am going quickly to skip that and mention that in UK there was a mortgage boom in 2020-2021. These mortgages mostly have fixed rates for 2-3 years. The rates were about 1.3%. +When you was about to sign the mortgage the bank will warn you that the rate can go up. Their scary example was rates at 3.85% where the repayment was increasing by 30%. + + +Well now we are about 5% the moment everyone is screaming to BoE for 200 bps rate hike. Long story short UK people are fukd... fukd... These low rate 30year mortgages that allowed people buy million pound homes will come and bite the overstrected buyers + + +Most remortgages are 1-2 years away, hence, nobody is watching except for the folks on floating rates (RIP) . On 6-7% mortgage rates I would assume 25% defaults as nobody was even thinking these rates a year ago. Lowest rate I ve seen was .89% back in 2021. The average monthly mortgage payment in London could hit \~4K£ which is >100% of the average post-income-tax salary. + + +This is scary. +The inflation rate is cooling off from the impact of interest rate hikes. It takes 9-12 months for rate hikes to be felt and 12-18 months for the maximum effect. The Midterm election, CPI report, interest rate hikes, house prices and rents, wage growth, job openings, unemployment rate, international conflicts and trade wars all play a significant role in guiding the market's macroenvironment. Hopefully, more of this kind of good trend will continue to jumpstart the market soon. +https://www.bls.gov/cpi/ +1. [61.9% labor participation rate](https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm) +2. Inflation +3. [Printing money](https://fred.stlouisfed.org/series/CURRCIR) +4. Supply chain problems +5. Covid is only getting worse + +Yet SP500 is near ATH. I'm no economist, but that doesn't make a bit of sense. My market confidence is quickly eroding. + +Anecdotally I've ordered 22 vehicles at work, we're told to expect them in 1.5 years. Local stores (walmart, target, etc) are closing to try to restock. Nearly everywhere is short staffed and trying to hire. +Hi guys, + +Just wanted to say congratulations for those who followed my DD and others on HITIF a few days ago! We are currently up 51% since I posted [my DD here](https://www.reddit.com/r/pennystocks/comments/lbb8n3/why_i_think_now_is_the_perfect_time_to_buy_hitif/). For anyone who doesn't know what HITIF is, a quick brief: a very undervalued weed company that could be a 10 bagger within months! + +As we saw in the rally on friday. This is just the start of a great climb as High Tide catches up with and surpasses it's competitors. For anyone wondering if you are too late to the party, you are just on time in fact, i plan to buy more on Mondays possible dip after the huge rally today. We could even be seeing High Tide hit 1$ sometime next week, which would mean nasdaq listing!!!! I'll keep you posted :) + +See y'all on the Moon +tldr - My car loan was paid off/closed in error. Do I keep fighting it? Or is the universe providing for me ;)\~ + +&#x200B; + +**\*Update\*** \- Checked my credit report - No new accounts are showing that they've been opened so I don't think the loan has been sold. + +**BUT** I called the bank again this morning & was informed that the personal information I provided to confirm my account didn't match their records & they wouldn't speak to me (WTF?!?!, now I'm a little concerned) and advised me to go to a branch which I'll have to do later today. + +&#x200B; + +Back in early April I noticed that the debt amount in the personal finance aggregator I use dropped fairly significantly - A little research showed that my car loan had been paid in full and was at a $0 balance. + +&#x200B; + +I contacted the finance company right away & told them that as much as I'd hoped I had some secret benefactor that paid off the $8k balance, I didn't think it was likely and that they must have applied someone else's funds to my account in error. They said they'd review it & get the account reopened shortly. Approximately 2 weeks later my normal payment was due & I logged in online to make sure things had been sorted but the account was still showing paid & closed. I called again, spoke to someone new, went through the whole rigmarole again only to be told they'd look into it and get back to me. I made my payment through my bank bill pay anyway & it was returned about a week later. + +&#x200B; + +A few weeks later I called again & got the same response - Since discovering the error I've continued to make my payments (3 in total now) only to have them returned (but at least I can prove I was making them if/when the finance company sorts things out!!!) In the meantime I'm stashing away those payments just in case. + +&#x200B; + +I've called 5 times now in the last 60 days & am getting ready to send in payment number 4 next week only to have it returned as well I'm sure. How much longer do I fight this? Has anyone else had this happen & if so what were the results? +Here is the [post](http://www.reddit.com/r/Bitcoin/comments/1rs2zf/on_college_gameday_this_morning_new_way_for/). + +1) It illustrates how easy it is for anyone anywhere in the world to send anyone money. He just held up a sign! + +2) He said he will send everything above ~2 bitcoins to charity, which is nice. + +[$26,000 worth](https://blockchain.info/address/1HiMoMgBaAikFHgAt3M4YJtetp4HrnsiXu) just like that, this is just incredible. + +Edit: /u/bitcoinpitcher2 is taking credit for this. /u/bitcoinpitcher2, any way you can provide proof this was you and that you'll be donating for some positive news? + +Edit 2: [bitcoinpitcher2's proof from other thread](http://imgur.com/a/robWx) +https://finance.yahoo.com/news/telus-investing-17-5-billion-140000495.html + +How is telus planning to rase this fund? Will there be a stock dilution and with this much debt how will they pay their dividend? +I know they say time in the market beats timing the market, but when it comes to a large lump sump injection I am always worried. With SPY hitting ATH and reverse repo in the U.S going crazy I feel a correction will occur in the next quarter. + +Should I sit on the sidelines for a bit? Maybe drop 100k over the next 3 quarters to stagger things? + +Or does the fact that I do not intend to use this money for the next 20 years means I should just set that limit buy order tomorrow and never think about it again until the Canucks become the 2041 Stanley cup champions? +Guten Tag to this global band of Apes! 👋🦍 + +This week isn't even half over and it's already more exciting than many over the past year. There is a massive sell-off across huge swaths of the market, but the only selling happening on GME is short selling. The SHFs are clearly driving the price down to try to keep themselves afloat for just a little longer, but it is ultimately a losing play. Every share that they sell short is another that they will have to buy back. Every share that they sell is likely to land in the hands of an Ape, and just as quickly get whisked to safety at ComputerShare. The shares they're selling these days are going to be *incredibly* difficult for them to buy back - our Diamantenhände are HODLing to the moon and back. + +Even more tit-jacking is Ryan Cohen's cryptic tweet - could he be hinting at massive boosters on 5-11? Whatever happens, the jolts to the markets recently are sure to have the SHFs working overtime to try to juggle their positions and avoid margin calls, and as we watch market titans crash all around it is truly a delight to have such surety in a company as secure as GameStop. + +Today is Wednesday, May 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$96.27 / 91,22 €** *(volume: 1306)* +- 🟥 115 minutes in: $96.26 / 91,21 € *(volume: 1296)* +- 🟩 110 minutes in: $96.31 / 91,25 € *(volume: 1278)* +- 🟩 105 minutes in: $96.16 / 91,11 € *(volume: 1195)* +- ⬜ 100 minutes in: $96.08 / 91,03 € *(volume: 1157)* +- 🟩 95 minutes in: $96.08 / 91,03 € *(volume: 1140)* +- 🟥 90 minutes in: $96.03 / 90,98 € *(volume: 1138)* +- 🟩 85 minutes in: $96.04 / 91,00 € *(volume: 1098)* +- 🟩 80 minutes in: $96.00 / 90,97 € *(volume: 1089)* +- 🟥 75 minutes in: $95.85 / 90,82 € *(volume: 779)* +- 🟩 70 minutes in: $95.95 / 90,92 € *(volume: 733)* +- 🟩 65 minutes in: $95.89 / 90,85 € *(volume: 707)* +- 🟥 60 minutes in: $95.47 / 90,46 € *(volume: 516)* +- 🟩 55 minutes in: $95.47 / 90,46 € *(volume: 511)* +- 🟥 50 minutes in: $95.17 / 90,18 € *(volume: 407)* +- 🟩 45 minutes in: $95.20 / 90,21 € *(volume: 407)* +- 🟥 40 minutes in: $95.19 / 90,19 € *(volume: 379)* +- 🟩 35 minutes in: $95.23 / 90,23 € *(volume: 355)* +- 🟥 30 minutes in: $95.22 / 90,22 € *(volume: 328)* +- 🟩 25 minutes in: $95.22 / 90,22 € *(volume: 318)* +- 🟩 20 minutes in: $95.22 / 90,22 € *(volume: 301)* +- 🟩 15 minutes in: $95.18 / 90,19 € *(volume: 293)* +- 🟩 10 minutes in: $95.18 / 90,18 € *(volume: 273)* +- 🟥 5 minutes in: $95.15 / 90,16 € *(volume: 265)* +- 🟩 0 minutes in: $95.17 / 90,17 € *(volume: 151)* +- 🟥 US close price: $93.50 / 88,59 € *($94.00 / 89,07 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0554. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I see quite a few posts/comments regularly from people wondering if a 24 word seed phrase can be guessed, hacked, brute forced, etc. So here's a simple proposition: **I'll give you a chance at free money.** + +Don't believe me? Here's the challenge... + +**I've deposited 10,000 sats into a wallet. You get to guess the seed phrase.** + +To make it even easier, **I'm going to give you ALL of the words.** + +That's right, I'm literally going to give you ALL of the seed words, in random order, for your guessing pleasure. + +**Here they are:** + + chalk mimic crane marriage oxygen hood million clerk demand effort grid afford floor force december immense damp toss assume present retire cream clinic gown + +All 24 of them right there. + +But there's not actually BTC in there right? **WRONG**. + +Go ahead and check the balance [HERE](https://www.blockonomics.co/#/search?q=zpub6s87mnPqX9jT5bWvKFz6ZLCrhQsPh275BXx45a9kRuXUYbcxhLYZCpzyP2TpuEWte9mDYMprJv6QwNtCd7D64PAQMj4kSdu1WSZRQL3exyk) + +You've even got the zpub there to see all addresses for the wallet. + +I'm not shitting you. The words are there. The free BTC is there. + +Just go and get it right? RIGHT? + +\-------------------------------------------------- + +**Now, if you want to find out why you're going to fail miserably at this, keep reading...** + +Why is it near (and I mean neeeaaarrr) impossible for someone to be randomly assigned your words, or to be guessed by somebody else? + +To find out, let's start with a worst case scenario, a head start if you will: **Somebody knows all of your 24 words, but not the exact order of them.** + +You might think that's an INSANE advantage right? Let's see... + +To find out how many ways you can order 24 words, we can use a factorial. A factorial is simply multiplying a number by all of the numbers below it, denoted by a "!" after the number. + +4! = 4 x 3 x 2 x 1 = 24 + +So what's the factorial of 24?... + +24! = 24 x 23 x 22 x 21... = **~620,000,000,000,000,000,000,000.** + +That is **620 sextillion unique ways to order 24 words.** + +To put that into perspective, the average high end gaming computer has a clock speed of 4GHz, meaning it can make 4 billion calculations per second. + +620 sextillion / 4 billion = 155 trillion seconds. + +155 trillion seconds / 60 / 60 / 24 / 365 = **4,915,017 years to find all permutations using a modern gaming PC.** + +Unless they've got a quantum super-computer, nobody will simply guess, stumble upon, or brute force your seed phrase. **And this is knowing ALL of the words to begin with.** + +Hell, even *with* a super computer it’ll still take years to find. + +If you don't know every single word for the phrase, **the real calculation is 2048^24**. + +Those are the REAL odds you have to worry about. + +**TL;DR: You're screwed. Bwahahahahahahahahaha** +So super quick background. 40 years old, no real IRA retirement savings(I hate stock market) I reinvested everything into my business and personal/biz real estate and now I have to put money someplace. My plan was always to acquire some rentals and call it. So first mistake was selling my paid off townhouse when I bought my new house. I was 50/50 on keeping for a rental but in 2017 I really felt like trading market values at time and I hate mortgages (personal homes) so whatever and sold that. Paid off current house/biz property last year just in time for the market to be ridiculous and wrench my plans of grabbing RE as next phase. + +My current plan is to wait out this market and continue saving. Don’t mistake patience/prudence for scared to act (I am a business owner and trigger puller) but this current situation has me not enthusiastic. Yes, that has been a horrible decision compared to grabbing something a year ago. I do believe a pullback of anything from decent to full on recession is eminent, but man this is dragging out. Ideally I would like more commercial property (also own biz property) so I guess longer I wait the more I can get when this at least flips to more buyer market. + +What is the preferred strategy to get wet? Do I stay patient then get one more premium or multiple properties when I feel market is more right? Should I just focus on going industrial? I really can’t get excited about 10k roi annually on a property but I need to start looking at this as cash on cash I guess. Where I am prices have outpaced rents and I am just bummed that my plan for years has come time to enact in the worst buying market ever so now I feel forced to just lose money to inflation until this starts imploding a little. + +What says you guys and gals? +I know this audience tends to lean a bit toward leverage, leverage, leverage, but though I would still gut check my plan here anyway. + +HCOL. I have a rental house that has only about $50K left on the mortgage, or about 5 more years. This is about $200 per month of interest expense (\~$2400 on my Schedule E, and diminishing rapidly given approaching the end of the loan, so the deductibility value is getting less significant). I recently divorced, so in order to get my Ex off the Deed, I need to get him off the mortgage. I talked with the mortgage company who seems like they are a open to taking him off without a refinance (3.125%/15 year) given that my financials are strong. I would have to go through a new loan application, and there are fees of around $1000 to do so. + +The case for keeping the loan for remainder of the term would be leverage, cheap debt, deductions, etc. + +The case for just paying off the balance of the loan (I have the money) would be jumping up in cash flow by \~$1500 a month (so instead of around $500, I'd be around $2000). This is actually quite relevant for me as I don't work, so the extra cash each month would be a nice "raise". + +Of course, I could take that $50K and invest it rather than pay off, but I don't think I could get the same "return" of $1500 compared to just paying it off. (Sticking in a T-bill at 4% would only get me $2k for the entire year). + +So should I just pay it off and enjoy my "raise"? +Essentially, the title is all what I'm curious about. I turned 18 this year wanting to start saving for a down payment on a house to rent out. Evidently the plan seems simple yet I need much more knowledge on the finances of looking, buying, owning, and overall maintaining a piece of land. In advance, I'd like to thank whoever takes the time out of their day to respond to this message and aid me on my journey! + +edit: i know being a an agent and an investor are two different things. I'm becoming an agent to learn more about the transaction details but eventually want to become an investor, sorry for the confusion. +Good morning all. + +I'm a 27 year old single woman living in London on 24900 +I've always struggled with staying long term in jobs , impulsive spending and debt. +Last year I was diagnosed with ADHD and had to go private as I was about to be fired from another job( again) and the NHS waitlist was still 2-3 more years for me. +This is costing me a whopping £443 as I have a monthly psychiatrist appointment, adhd coaching and medication. +Expensive but without them I wouldn't even have a job. + + +I've got a degree and masters however have left this field due to being bored and no longer enjoying it and this is a constant cycle throughout life prior to my current job I was on around 33k. +To add to this I have a chronic lifelong illness which put me in hospital for a year as its triggered mainly by stress. Trying to work through a job I hated for a year meant I lost a year of my life. + +I can't save because I'm on a low income and have rent and meds to pay for (gp refused shared care so remain on waiting list) + + +I hate the prospect that life is just going to be me trying to get by. +No amount of money aids me to stick to a job, once I'm bored it's extremely physical and depressing and I struggle with executive functioning. + + +All my bills leave the day after pay day and I'm left with about £40 for food for the month so I'm constantly using my overdraft , pay it back once day comes and repeat. Impulsively isn't the issue either as I no longer spend on going out or hobbies as I can't afford it. I do pay for gym and Spotify and they are too beneficial to my life to get rid of as then I'd have nothing for myself. + +Do I have to be realistic and just accept that owing my own home one day is out of reach, especially as a single person or are there any success stories on here ? +My late father left a pot of money for my little sister’s university education. Initially I thought she should take out student loans and we’d use the money to repay them when she finishes but the interest charged while she’s studying is 5.3% which is higher than any return we’d make from a safe investment. Is there another option I’m not thinking of or should we just pay for her education from this pot? + +Thanks in advance 😊 + +UPDATE: Thank you so much everyone, this advice and info has been really helpful. I’m going to speak to my sister tomorrow about taking out the loan and find something safe to invest part of the money in while she’s at uni. +Hi all, + +I am in a position to early retire in my 20s with a portfolio of around 2m usd. I was hoping someone could share their experiences of this. How did friends and family react? Do you get treated differently? Did you ever feel a lack of fulfilment/ purpose in life? + +Thanks +I’m new to the entire investing scene at the ripe age of 18 but with the support from the community and my friends i’m excited to start on this journey! I had planned to ride into the sunset with VTI and SCHD until I was old then swap it all out for QYLD. My question to you guys is what are yall doing with your ROTH IRA’s? I’d love to hear yalls opinions about whether or not there’s better choices than the aforementioned 3 above. +Is it easier to just sell all my stocks in my current platform, open a new brokerage account in a different firm and start fresh or is it easier to just switch? I haven't made any significant profits yet so capital gains is definitely not my concern. +The first job is through an agency and on a short term contract. The second would make me a process manager, both in my career. Do I take the first and hope for the best? Or take the second? + +The second job makes about 10k more per year than the first, I feel like that's the right financial move but am I committed to the first? + +Edit: thanks everybody! You've all helped quite a bit!!! +This is what I got for being a professional. + + +They told me to sign something and I did that. I didn’t want to argue about it. It was stating that I volunteer to quit my job, effective today. I don’t know what would have happened if I didn’t sign it. They could actually fire me for something they made up and it would look terrible when someone would do my employment verification. + +People say I shouldn’t have signed that and then do what? Just come to work and wait till 5PM? I lost 2 weeks of pay but that’s not a big deal. + +edit: people don’t realize that I’m relived by not having to spend more time at this company, I feel happy. I’m planning to visit friends and family. + +Having said that, I did not act in my best interest and should have prepared for this. Signing that paper was a mistake, I get it now. + +edit2: I get it, guys. I messed up, I signed away 2 weeks of pay and unemployment benefit. Lesson learned. +When I've tried telling my friends about what's going on they either just ignore me or laugh it off. They look around at the same things I do with inflation and housing and everything but don't see how it's caused by the greedy 1% + +Even on Reddit I post on the work reform subs and the Asian subs and it's either total silence or straight up hostility + +I don't even try mentioning GME on the stock subs because the backlash is wild + + +It's so hard to believe that even with all this DD and all the evidence people still refuse to see what's happening and refuse to risk losing a few hundred or thousands of dollars for potentially millions or billions or more. + +Guess some people would throw away the Golden Ticket even if they bit into it. + +Wild. + +Buy, Hodl, DRS +https://www.reddit.com/r/financialindependence/comments/26mfz2/29_years_old_net_worth_20k_my_plan_to_reach_fi_in/ +Over three years ago, I wanted to retire to a $300 closet in Korea and see hookers six times a month. I didn't care about marriage, I only cared about sex and alcohol. Well here's an update. I am remarried to the most wonderful person that as you can probably tell from my previous post I certainly do not deserve. I've cut down my alcohol intake significantly as well and drink maybe once every month or so. I have a baby. I still watch porn frequently when I am in the bathroom or my wife is asleep but am not addicted to hookers. I currently make 100k a year including bonus stuff full time job. My passive income which comes from a niche site is making 5k a month. I now have changed my goals to support a FI life for myself and my wife as soon as my baby turns 18. instead of relying on passive income I am now working to maximize my 401k and Roth IRA as everyone else here is already doing. I've got a long road to go but am working hard to get there. Emotionally and mentally I am in a good place now. Only advice I can give to everyone is... things change so make sure to hedge when working towards FI. +Let's do some simple math. 744,000 Members. I Know we have bots in those figures, but plenty of people don't have an account. A lot. + +Let's just use that number and play a game. + +744,000 people with 76,350,000 shares of GME total. + +76,350,000/744,000 = 102 shares\* per a person. Seems like a lot, but that's the fucking whole companies outstanding shares! + +That's not even including RC, DFV, & Insiders. Guaranteed Holders at this point. + +Then you have institutions. + +Let's not include any of them for this game. + +14 months have past since GME became a counter-cultural phenomenon. Let's take that 102 Shares per person and divide it by 14. + +7 Shares\*. + +So if retail had to buy the Whole goddamn company in 14 months. Only 744,000 people would have needed to buy 7 shares per a month since this thing started. + +What in the Fuck!? + +Ryan Cohen owns 9 million of those 76m.... + +DFV owns 200,000 shares.... + +Many more whales exist... + +Do the math. MOASS is Inevitable + +&#x200B; + +https://preview.redd.it/00fv022nn1n81.png?width=540&format=png&auto=webp&s=461355dd78f6bb7a963706f949ecbc402d5d5858 +Hoping someone can take the following snapshot of my situation and provide some sound next steps. Overall, I'm finally at a place where I'm making decent money and have caught up on debt. + +**Annual Income:** 103K + +**Mortgage:** 325k + +**Home value:** 545K + +(Currently I think of this as my nest egg. I live in a growing, active urban core and got lucky picking my home/lot. Did a DIY renovation and am seeing the value easily tick up.) + +&#x200B; + +**Investments:** + +I currently am **not** enrolled in my employers 401k w/ 2% match. Was using the extra cashflow to finish my home reno. Now that it's done, I'm looking at enrolling. The following are additional 401k's and pension funds I've accumulated from other jobs, in descending order of employment. I'm most curious about what to do with these. Combine them? Leave them where they are? Start a ROTH? + +TRoweP: $8431 +Only contributed a few years to this. It's currently super sluggish and returning \~3%. (The company the account was tied to doesn't exist anymore). + +TIAA: $15,300 +I've had this account for 7+ years, but was only contributing/employed for a couple. It's currently returning 13 - 18.9% YOY for the past 2 years, which seems really, really high. Is that normal? + +TRS PensionFund: $29,300 +This earns 2% as long as I don't move the money out. If I reach retirement, I can claim a lifelong benefit. Using their calculation of benefit, that currently works out to \~800 mo. Could probably hit $1K by the time I'm 65. Note, if I return to this industry I can get started contributing again where I left off, which also shoots the ROI up to 8% with the match. + +Savings Bonds: $24,100 +My dad had bonds cut from his salary in my name 20+ years ago. I'm sitting on 175 EE bonds, in mostly $50 denominations, that are about to start fully maturing. There's probably \~$8,000 more in interest waiting to collect. The last bond will fully mature in 2028. + +**Cash Savings:** $5500 +This is scary. Know I need to get this up. + +**Other Debt:** $2400 +Car paid off. Just a couple CC's that I keep pretty low. + +I live a pretty frugal lifestyle, but have been burning through cash thanks to the home renovation. Now that it's done, I'm seeing a pattern of about \~$1500 leftover a month to burn. What should I be doing with it? + + +**Upcoming needs I'm considering:** + +Auto: $300-400 mo payment +My current car is 14years old. Need to upgrade, unfortunately to something a bit high end, thanks to my line of work. + +More home stuff: $50k Detached dwelling +Exploring adding a studio/apartment in the backyard. My house is small and this would add some much needed work space, in addition to being easy rental/AirBnB income. The loan would also include much needed landscaping. Thinking I'd get 30% of the investment back if I sold the home. + +Stupidly, for the first time in my life I'm getting serious about retirement, hope you all can set me on the right track.Thanks. + +**EDIT:** Big thank you to everyone here. Especially those challenging me to make more sobering choices. +Most of us at some point calculated the minimum portfolio size we need to retire. This is our Financial Independence number: the target number we need to be financially independent. + +For me, that number is $1.2m: as a single person with no plans for a family or kids, I know I can survive on $40k/year with a conservative SWR of 3.25%. + +It will require some compromises: I will have to move to a relatively low-cost-of-living location. My residence will not be the nicest. I will have to be frugal and mind my expenses, etc. + +All these compromises are in fact expected when it comes to the **minimal** FI number. Just logically, if it was a number that didn't require compromises, then it wouldn't be the minimal number, because I could obtain a lower number by making these compromises, and that would be the minimal number instead. + +In fact, that number isn't strictly "minimal": I could get an even lower number by making further compromises, such as moving to a bad area. However, I am unwilling to make these compromises, so calling it "minimal" is accurate as it pertains to my personal FI goals. + +Now, I can keep making more money after hitting that minimal number. With my 3.25% SWR, every additional $100k I invest yields an additional spendable income of $3,250 per year. That additional income will contribute a tangible benefit to my life: it would allow me to live in a slightly better area, keep a slightly nicer residence, spend a little bit more on recreation. + +In other words, that additional block of assets will provide me a certain **marginal utility**. + +Thus, FI isn't a single number, but really a **range**. The "number" most people refer to is typically just the lower end: the minimum they are willing to retire on. + +But what about the other, farther end of that range? + +The marginal utility of additional income is a constantly diminishing function. For me, having additional income means I can retire closer to an expensive urban center like San Francisco where many of my friends live. There's a huge difference between living in Boise, Idaho and living anywhere near San Francisco, because then I can meet them more or less regularly. However, once I can afford to live near San Francisco, then getting a slightly nicer place there, or a bit closer to the city, offers far smaller marginal utility. Eventually, I can hit an income level that allows me to live in a great area in the city itself. At that point, the marginal utility of additional income is about zero. Yes, I could get a larger apartment by spending $20k more on rent per year, but I actually don't want that since larger apartments are harder to maintain and clean while failing to provide any benefits relevant to my lifestyle. + +The portfolio size at which marginal utility approaches zero is thus the **maximum** end of the FI range. Beyond that point, additional assets contribute virtually nothing to my lifestyle. + +So I set out to calculate that maximum end: + +Expense name|Amount +:--|:-- +Housing in high CoL area (including utilities) | $40k +Healthcare (including ACA insurance) | $12k +All other expenses | $24k +**Grand total** | **$76k** + +$76k of net income will require roughly $85k of gross income from dividends and long-term-capital gains. With a 3.25% SWR, that will come up to about **$2.6m**. + +So with a portfolio size of $2.6m, I could live anywhere in the US, including in the highest cost-of-living locations like San Francisco, without any noticeable lifestyle compromises. + +When I started this exercise, I expected a much larger maximum number. Think about it: it's not a minimum number, it's not a number for frugal living - it's the **maximum** amount of assets I care to ever accumulate in my lifetime. There's simply not much point earning beyond it. + +That's one reason I'm posting all this analysis: I'm wondering if I missed something, or else why do some people consider much larger numbers to be desirable or even necessary? +Good Morning Superstonk! + +Pickle dude here for another exciting day of live charting, streaming etc. + +This morning I have a couple things to actually cover in the intro. + +If our price action continues to improve throughout today and crosses the $200 resistance. I will begin considering that GME has entered Stage A of My predictions for MOASS. + +[3 Stages of MOASS](https://preview.redd.it/zlkuydvravz61.png?width=1218&format=png&auto=webp&s=9ed502e6089d906bc997a2aa94705e3669359de6) + +[From my Exit DD](https://preview.redd.it/idxsnliuavz61.png?width=1225&format=png&auto=webp&s=c203ab7dbf53416516e588d57fe0fd64f9d00c73) + +You can find out more about my [Exit DD Here](https://www.reddit.com/r/Superstonk/comments/n3izjq/another_technical_coloring_book_and_a_note_on/). + +Secondly something I stumbled upon looking into Glacier Capitol. I was immediately suspect when an apartment in Luxembourg was considered verification that they didn't exist (there are lots of 1-2 man/woman hedge funds usually working under a larger fund, like in The Big Short) So I did a little digging and aside from several LLC's being registered under that name in London, Arkansas, and Pennsylvania. I found these 2 things that seemed interesting. As the seemed relevant to the discussion at hand. I'll leave further digging up to the people on this sub that do that best. + +[Interesting that they were Registered 14 days before the action on Jan.28 https:\/\/lu.lei.report\/LEI\/984500BB91F55397AC42](https://preview.redd.it/4c5cju94cvz61.png?width=1304&format=png&auto=webp&s=8dcd677885218a00d07b803cf04307016ac90841) + +I also stumbled on this looking into the US LLC's. Seems like a similarly named LLC bought an Insurance Company with our good buddies over at Susquehanna... + +[https:\/\/www.insurance.pa.gov\/Companies\/IndustryActivity\/BCBS&#37;20Surplus\/ID-RC-18-04.pdf](https://preview.redd.it/yf6f0epucvz61.png?width=1024&format=png&auto=webp&s=6df3576bdfe00e1e52d342a938b701873f00c89c) + +If that's any help to those digging for stuff on this I hope it helps. Maybe look into the panama stuff? Lastly on this subject, never be so dismissive of these things in the world of finance Luxembourg has off-shore money and laundering written all over it. Follow the money. + +I think this warning remains valid this week so I will reiterate it \* + +*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.* + +If you want to watch along with 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**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +# After Market Wrap + +Exciting day for us to close up only 0.12%, But up is better than down. Expect to read excellent articles tonight as "Gamestop underperforms compared to other meme stocks" "10 reasons GME isn't for long-term investors" etc...you all know what to expect at this point. Thank you all again fo the support and awesome time we have here and over on the stream. See you tomorrow! + +\- Gherkinit + +https://preview.redd.it/449n6fmeqxz61.png?width=721&format=png&auto=webp&s=43ac5631e26ab15ecc5bf82cacd62d0830171506 + +Edit 13 3:52 + +Looks like a close between 182.5 and 185 + +https://preview.redd.it/92984lbmoxz61.png?width=918&format=png&auto=webp&s=ee3ddec03d308362aada4cce570fba0507e471b6 + +Edit 12 3:31 + +Still sitting between 185-189 I hope we get a last 15 min breakout to actually test 190 + +https://preview.redd.it/g71eifuvkxz61.png?width=1141&format=png&auto=webp&s=646c8f1d452b2ff7843231d9cb8c60245f09c01b + +Edit 11 2:39 + +headed back down I think we'll turn around at by that green lower line around 182.5 + +https://preview.redd.it/1moqmj5mbxz61.png?width=878&format=png&auto=webp&s=bd28521a8dc7c30de2ab4d2df4ca7b5794306221 + +Edit 10 2:19 + +Who wants to cross 190? + +https://preview.redd.it/fhfsdc008xz61.png?width=1056&format=png&auto=webp&s=07a6f27de31008da09ba034803906d944fe26821 + +Edit 9 2:04 + +Failed the 185 test but It looks like we are gonna test again after some consolidation. + +https://preview.redd.it/rqa9t3bh5xz61.png?width=806&format=png&auto=webp&s=44ed3afe827ebb80cc88dbc1270bb1f37f1f8ec3 + +Edit 8 1:42 + +Woo!!!! and still looks bullish but be warned volume is still low + +https://preview.redd.it/eylo248i1xz61.png?width=1001&format=png&auto=webp&s=2a1ecd1092605fbca5433aa85191ea0c1f0ed2bb + +Edit 7 1:09 + +Well the bulls tried...Trending back up again. + +https://preview.redd.it/78xg6vomvwz61.png?width=914&format=png&auto=webp&s=32695bec102cd9a5ad06e66802e61e8cc2a62cb5 + +Edit 6 12:35 + +Chop on resistance bulls can use this opportunity to dump volume for a breakthrough as there is less time to respond on short side due to the price being so close. + +https://preview.redd.it/4pbzy8ogpwz61.png?width=981&format=png&auto=webp&s=a9c731a526536f3481d01aba71a743b318e7c616 + +Edit 5:11:29 + +Looks like a triple top if we fail we could have a small dip maybe back to 175. If volume picks up look for a break above 182.5 in order to move higher + +https://preview.redd.it/2wtzcljsdwz61.png?width=794&format=png&auto=webp&s=e2aff5658751ae9b00b8a301d6dd0d5fe3f424e9 + +Edit 4 11:16 + +Where is the mayo + +https://preview.redd.it/3z7efh4gbwz61.png?width=1063&format=png&auto=webp&s=b51ffa1fc3a4f2e303ec2af548a349420f2ce5c8 + +Edit 3 10:26 + +Reverse H&S markets heading back up + +https://preview.redd.it/pzyjcnll2wz61.png?width=1129&format=png&auto=webp&s=45183beaf2690b3b87d5e9b62e5e9b8864c7c407 + +Edit 2 10:00 + +Hard rejection at VWAP this could be the dip ...keep an eye for a low of 165 + +https://preview.redd.it/22sqx9r6yvz61.png?width=1219&format=png&auto=webp&s=0a532cbe2543b873dd0cb00c50139e794c2e4adc + +Edit 1 9:50 + +Dropped below VWAP testing the 170 Resistance 125k shares borrowed right before open. Sitting near 1\* million volume... + +https://preview.redd.it/o6fmqtv6wvz61.png?width=1310&format=png&auto=webp&s=47c52d492cfee46cd72a4d9901ae4ab6e0b71802 + +# Pre-Market Analysis + +Looks like there were a few gap ups in the pre-market, all filled. Most likely bull side as they try to keep the price from dipping below 180 resistance. This looks like they hope to try to push through in the pre-market or at open . so 9:00-9:45 + +[After\/Pre-Market 1M timescale](https://preview.redd.it/p2ujp712evz61.png?width=1173&format=png&auto=webp&s=21c23aeaf64648661be7af438fe6174c1cecc714) + +MACD crossed over as predicted yesterday on the Daily I can see us getting at least a few more days of price improvement in our future at least 4 based on previous patterns as we pick up volume and volatility + +[MACD 1D timescale](https://preview.redd.it/ecxwaixrevz61.png?width=1255&format=png&auto=webp&s=8ba5be1b0bc577869a4f5d978f7e01042b706f66) + +BBKC still looking great. TTM Squeeze now at 13 signals + +No relevant arbitrage occurring on CV VWAP currently. + +\**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/) +Just read Chapter 8 of The Intelligent Investor which briefly talks about the distinction between "market timing" and "pricing," and it was a bit of a holy shit moment. + + +Graham describes market timing as essentially buying stocks because you think the market is on its way up, and pricing as buying stocks because you think they are undervalued based on your own assessment of what they're actually worth, without any theory of what the market is going to do in the short term. + + +They're both two sides of the same coin obviously - in both cases you're basically betting on a stock because you think it's going to go up, but the difference between the two is crucial. + + +When you're timing the market you worry about what other people think about the stock. You create all sorts of narratives about why the market is down and why it's going to go up. If someone is trying to time the market and a stock goes down 30% after they buy it, they think, "holy shit I made a mistake," potentially sell, and all sorts of bad things happen. Graham equates market timing to speculation, with the results of market timers being the same as most speculators (i.e. not good). + + +When someone is pricing, they don't worry too much about *why* the market is pricing a stock where it is. They just accept that the market can be irrational and misprice stocks sometimes, and for whatever reason this is one of those times. They also don't care about short term market fluctuations - they don't buy a stock because they think it's going to go up in any specific time frame, just because they think it's undervalued now, and they know that *in the long term* the market should bring the stock to its true value. If a stock goes down 30% after they buy it they don't panic, and if anything look at it as an opportunity to buy more. As long as you've got time to wait, Graham believes pricing is the fundamentally better approach. + +The core thing about this distinction in my view is that to be successful pricing you not only have to actually be right in your analysis of the true value of a stock, *you also need have the conviction to stick by your belief that your value of the stock is right and the market's is wrong, even for long periods and in the face of huge potential losses.* Having this conviction is not a question of your brain's computing power, but your temperament/emotional control, almost like the difference between intelligence and wisdom. + +When reading the above, I think we all like to think we're pricers, not market timers. In practice, though, human nature being what it is, we're probably a lot closer to market timers than we'd like to admit. Pricing sounds easy on paper, but it's one of those things that's a lot harder to do in practice. A lot of people who have the brainpower to price a stock don't have the conviction/temperament to stick by their call in the face of market swings. The boom and bust history of the stock market for the past 150 years is proof that most people can't or don't do it. + +In any event, I have no actual point to this post, I just thought it was a really good insight. Go read his book! +**Ticker:** NGA (SPAC) to become LEV in the next 60 days or so (Q1-21) with approx $500M USD ($640M CAD) cash to invest in growing the business. + +* NGA will merge with private company Lion Electric and trade on NYSE with the ticker LEV. The market cap is expected to be $1.9B *(\*\* at $10 floor price of NGA, today trades at 17.xx so much higher \*\*)* +* NGA will own 20%, 10% will be private placement before deal closes, and the remaining 70% will be from the existing shareholders +* NGA trades at $17.xx USD. It's NAV based on cash injection is $10. Clearly, there is massive interest in this SPAC before it merges in the next 60 days or so. + +**Disclaimer:** Do your own research. This is meant to be for informational/discussion purposes only, and it is very important to do your own homework before making any investment decisions. You can make or lose money. + +**Investor Presentation:** [See here](https://pages.thelionelectric.com/wp-content/uploads/2020/11/Investor-Presentation_20203011.pdf) + +**Context:** LEV fell on my radar during the EV hype largely because of it's Canadian roots. When I invest in high growth/high risk stocks, 3 critical boxes need to be ticked off. + +1. Competent management team with a proven track record +2. Real products with real revenues. Not drawings, not hype, but a proven track record of execution and delivering products that can be experienced **today** +3. High growth/disruptive industry + +**LEV Investor and Management team = I followed the money = SOLID team** + +1. **44% owner of Lion Electric is Power Corporation of Canada (**[**POW.TO**](https://POW.TO)**).** POW is the largest shareholder backing Lion Electric with 44% ownership stake through it's wholly owned subsidiary "Power Sustainable". The Desmarais family (7th richest in Canada) controls POW, and POW has invested in big brands you might recognize like Wealthsimple, Bauer, and Great-West Lifeco. POW's trailing 12 mo revs is about **$50 billion dollars**. Pierre Larochelle (CEO of Power Energy Corporation) will be the chairman of the newly combined firm LEV to ensure Powercorp's investment is a success. See [Nov2020 PR confirming 44% ownership in Lion Electric (proforma 31% after listing on NYSE)](https://www.powercorporation.com/en/news/press-releases/2020/the-lion-electric-company-a-power-corporation-investment-announces-merger-agreement-with-northern-genesis-acquisition-corp-122606/) +2. **Ian Robertson and Chris Jarratt (co-founders of Algonquin Power & Utilities Corp, AQN)** are leaders of NGA and will join the board of LEV post-merger. They are the minds behind the NGA spac who offered to take Lion Electric pubic, leaving LEV with $500M USD cash. They have valuable expertise to steer LEV's strategic initiatives such as "vehicle to grid" to turn these buses into money making machines and reduce cost of operating. +3. **Marc Bedard - CEO/Founder of Lion Electric.** He is sharp individual who was a partner at PWC from 1996-2003. Having worked at these firms in the past, I know Partners are a special breed. They have great charisma, business development skills, and a strong sense of business acumen. Since then he held senior exec positions before starting Lion Electric in 2008. The fact he pivoted from being a Partner at Big 4 into founding Lion Electric in 2008 blows my mind. 2008 was a different time and EV was no where near the adoption rate of today. It takes passion to make the switch from a high paying leadership role to running your own company. 12 years have passed, and now it is showtime for Marc. [LinkedIn](https://www.linkedin.com/in/marc-b%C3%A9dard-42a18622/) + +**Product Offering = Revenue generating products with proven technology to established clients across North America (Amazon, CN Railway, School boards across Canada/USA).** + +[Slide from Investor Prez](https://preview.redd.it/w0wdf5l5m8861.png?width=1338&format=png&auto=webp&s=c7dae48ce8d47bb2c2c4c74b30f44436b54f5324) + +I put some videos and links to press releases that I found from a variety of customers who are using LEV products today. + +*Electric School Buses, videos taken at customer locations (cold climates/warm climates)* + +[Twin Rivers -California Energy Commission video (all LION buses)](https://www.youtube.com/watch?v=pivZ09_J5Hc&feature=emb_title) + +[Twin Rivers - PBS video (if you're from Quebec and took the metro, you're in for a surprise)](https://www.youtube.com/watch?v=Tj1yPvK9yaQ) + +[Oxford Michigan](https://www.youtube.com/watch?v=iHutaq1lGmA) + +[Zeeland Michigan](https://www.youtube.com/watch?v=ogdx_CUgYNA) + +[Transdev Canada](https://www.transdev.ca/en/press-release/transdev-canada-invests-electric-school-buses-accelerates-energy-transition/) (reveals $166k avg price per school bus, likely a bulk purchase price deal) + +*Electric Trucks* + +[Lion Electric to Deliver 10 All-Electric Trucks to Amazon](https://www.newswire.ca/news-releases/lion-electric-to-deliver-10-all-electric-trucks-to-amazon-815786731.html) + +* Truck is for middle mile delivery (ie between warehouse to warehouse) + +[Lion Electric receives largest order to date 50 trucks to CN Railway](https://www.cn.ca/en/news/2020/08/the-lion-electric-co-receives-largest-order-to-date/) + +[CN Video Press Conference $20M deal / 50 trucks = $400k a pop](https://www.youtube.com/watch?v=15U4DjRLkqA&t=14s) + +* Truck is being pilot tested across Canada and it is an MOU for upto 50 units + +**High growth/disruptive industry = President Elect Joe Biden's stance on Electrifying school buses** + +President Elect Joe Biden is carrying the torch in the fight against climate change. + +[President Elect Joe Biden’s Build Back Better plan for creating a more resilient, sustainable economy proposes making all American-made buses zero-emission by 2030, starting with the school bus fleet, which would convert within five years.](https://www.electrichybridvehicletechnology.com/opinion/how-the-us-plans-to-turn-all-its-iconic-school-buses-electric.html) + +&#x200B; + +[ https:\/\/joebiden.com\/clean-energy\/ ](https://preview.redd.it/s9af9r8cr8861.png?width=1056&format=png&auto=webp&s=eb09a220635bdf5224758a2bb3d78d9520b40c3e) + +His nominee for the secretary of transportation, Pete Buttigieg has called for electrification of school buses in his own presidential campaign (jan2020). + +**Opportunities** + +*Strong backing and recognition from the business world and the Canadian government.* + +Here is a video from Prime Minister Justin Trudeau touring the facility. [Justin Trudeau](https://www.youtube.com/watch?v=-1BLFPYegKY) Touring Lion Electric facility. + +&#x200B; + +[Justin Trudeau Visit](https://preview.redd.it/1m2p77opn8861.png?width=1014&format=png&auto=webp&s=b71191ddee0e4a187a7729dd80e85aed65275080) + +*Over and above the current offering of 7 vehicles, there are 8 additional product releases in 2021 (4) /2022 (4). Competitors have beautiful renderings and great investor pitches but no real products!* + +&#x200B; + +[Competition non existent today in many segments. There is a first mover advantage in securing orders by having the proven technology and providing real world feedback on operating costs for customers. Logos placement reflects the expected production date for the company.](https://preview.redd.it/y09p887qo8861.png?width=1342&format=png&auto=webp&s=da5273d64dded51bd238c9609c6eef51e1cda1c5) + +*Vehicle to grid "V2G" capabilities have been developed and can be deployed with the electric fleet.* This lowers the operating cost of the vehicles by allowing the buses to sell unused electric power back into the grid during peak hours. + +[More details here](https://www.newswire.ca/news-releases/lion-electric-announces-successful-electric-school-bus-vehicle-to-grid-deployment-with-con-edison-in-new-york-869214579.html) + +[Youtube source here](https://www.youtube.com/watch?v=wAiFLP43_rA&feature=emb_title) + +**2500 annual capacity, a multi-year PA for 2500 trucks signed - Who is the BIG WHALE CIRCLING?** + +[Buried in the investor presentation, 1 confidential customer has acquired the rights to purchase 2500 Lion6 and Lion8 trucks and upto 20&#37; ownership in Lion Electric](https://preview.redd.it/a1xz3pdlr8861.png?width=1354&format=png&auto=webp&s=7b0a45849288afe60feb40b7d3f582f6942860b0) + +It is not known who would have $1.1B in purchasing power to demand equity warrants to further take an ownership stake. A lot of twitter accounts speculate Amazon. + +* Amazon only ordered 10 Lion6 trucks. +* They are also known to invest in their EV suppliers like start-up Rivian. Amazon is ordering 100,000 last mile delivery vans from Rivian and also invested $0.7B into the company itself to make sure they get those orders. +* The major reason to go public was to raise the funds to satisfy the customer's demands that the products be made in the USA. If it was Amazon, my feeling is they would have invested the money to get Lion into the USA and secure favorable pricing (similar to Rivian)... All speculation! + +*Financial Forecast calls for $100M EBITDA by 2022 and positive FCF $334M by 2024.* + +* Go to page 31 of investor presentation for details. +* $500M covers all major CAPEX and business initiatives in USA. Good, no further dilution expected. + * $130M set aside for US manufacturing facility = mission critical imho to strengthen US sales + * $125M to develop highly automated facility will help drive down costs to improve profitability = mission critical + * $195M for battery development and R&D ($45M battery modules + $150M R&D) = important to note that R&D credits can be obtained for this type of work in Canada + * $50M for general corporate purposes = 10% of funds used for corporate purposes is reasonable given the high growth environment they are going to be in for next 36 months. + +[$500M Spending allocation](https://preview.redd.it/sz9qbdlp39861.png?width=1380&format=png&auto=webp&s=fa7165b50c3581d8db84c5cbbe5fd1b5a86a4ce1) + +&#x200B; + +**RISKS** + +*More competitors lurking in the dark* + +The investor presentation makes no mention of Proterra. Another EV that is deep into the BUS game. Although the class of buses they build is a lot larger, they are an interesting competitor. I am sure this is only the beginning and there will be more competitors racing into the sphere as the government pumps more dollars and subsidies for the end consumer. + +*Politics* + +Now that President Elect Joe Biden is going to take the reigns of the USA, it is very possible that everything will go back to business as usual. + +Climate change? What Climate change? Without a convincing majority in the house and senate, the democrats cannot make major moves to accelerate EV funding/financing for schools and districts around the USA. **There is a real risk that both houses are in stalemate and nothing ever gets done to advance the "electrification" of the USA.** + +Then again, anyone going against the "electrification" of school buses can easily be vilified for being against "clean air" initiatives for the children taken the cancer bus to school (that's what I call them given that I am now pro ev lol). I do however agree that major spend in EV technology and infrastructure across the USA will create plenty of jobs/innovation/opportunities for EV firms to prosper. A good example of positive EV policy is what is happening in Quebec, Canada. + +[Electrify 65% of all buses by 2030 in Quebec](https://www.newswire.ca/news-releases/plan-pour-une-economie-verte-lion-electric-responds-to-the-need-to-electrify-quebec-853500253.html) + +*The payback period is long* + +&#x200B; + +[Total Cost of ownership is lower than diesel across the board](https://preview.redd.it/gi425lsd99861.png?width=1388&format=png&auto=webp&s=5af6f77dd90ad49961a360210fb74f91ca53dd37) + +Although the total cost of ownership is favorable compared to diesel vehicles, it will take innovative and charismatic individuals to make the pitch to decision makers to adopt Lion Electric school buses. Staying with the status quo and setting aside contingency funds for emergency repairs is so much easier than BOLDLY stating to upper management that now is the time to buy electric school buses. To make that conversation easier, there needs to be important grants and subsidies to fund the upfront costs. See point 1 = politics. + +The good thing is that overtime, the payback period is expected to reduce SUBSTANTIALLY, paving the way to make it a really an easy decision to buy electric. + +*The Merger deal with NGA and Lion can still fall through. Anything can happen between now and the closing date which means NGA can tumble down to $10 NAV price if both parties agree to walk away amicably.* + +**Conclusion** + +I own about 700 shares of NGA and I wanted to jot down all my thoughts about why it is a compelling investment opportunity for me. + +The products are real with 6 million miles combined (1 million in 2017), real customers are buying it, the company is generating real revenues, and they are backed by one of Canada's wealthiest families through Power Corporation of Canada! + +Other materials: + +[Merger Link](https://pages.thelionelectric.com/lev/) + +[Factory Tour!](https://www.youtube.com/watch?v=rsOuM1G2yho) + +[TDAmeritrade Interview - same stuff but you get to see Marc perform in English (2nd language for him)](https://www.youtube.com/watch?v=IODRAlMJ3Oo) + 18(m) here needing some advice about buying a car. So, I have been sharing a car with my older brother for a few years now, and have been working in the mean time. I have about 7k saved up rn. I have been looking for a Datsun 280z for the past couple of years, as it is a dream car. I have an opportunity to buy one from someone I know for 10k. + So, Do you guys think it's alright to spend all of my savings with a small loan from my parents that all of my future paychecks will go towards to pay it back? Or should I just continue to save up? I have been waiting for a moment like this for awhile,but just don't know about having literally 0 dollars in my bank account. + +Thank you for your time :) + +Edit - Thank you all so much for the info! I have decided to not buy the car. Instead, I will save up some more money, and maybe invest some of it in the mean time. I'll get some in a year or 2 +Debts: +Car: $1,500 ($500/m) +Credit card #1: $949.98 ($100/m) +Credit card #2: $5,084.82 ($200/m) +Credit card #3: $325.28 ($100/m) +Rent: $1198.14/m +Phone Bill: $45/m +Electricity: $150/m +Food: $200/m +Gas: $80/m +Afterpayish: $519.45 (one time split into parts) + + +Paycheques: +40hr at $14/hr - ~900/2w +40hr at $20/hr (excluding bank holidays) - ~$700/w + +We never have savings at the end of the month. +We're both ill equipped to handle this. I'm ill and unable to work or manage much at all. He's so stressed out its taking a toll on his mental health. I don't even know where to start unraveling all of this. He makes good money but we live day to day, not even paycheck to paycheck. I don't even know how in debt we are because most of it is from secret spending he has done behind my back (that is being addressed). Where do I start making sense of this? +Have a few questions; + +What options do I have as a self employed person? I pay myself as W2, but do not save for retirement with the business. + +I have a few income streams that can be devoted to retirement, meager savings, and an annuity. + +At what point do I contact a financial planner and how do you find a reputable one? +After all of my duties at work are done I still have anywhere from 6-8 hours of free time. I'm there alone during an overnight shift and usually spend the whole entire time on my computer watching YouTube or playing mindless games. Due to the severity of my current financial situation I know that I'd benefit greatly from making money or just bettering my finances while at work. + +A little backstory of my current financial situation: +I'm currently in debt to more places than I can name, and am also behind on bills. This includes my phone that will be shut off on Tuesday. I currently have no money to my name and am waiting for expedited food stamps that are taking forever to arrive. I am very stressed but luckily think my boyfriend will be finding a job soon and I secured plenty of hours in June but won't be able to see that check until near the end of the month. + +For now, what are some things that I can do (while at work) to help secure myself financially before I begin getting paid more? I already posted things for sale on FB marketplace and take surveys on an app which brings in a decent amount of money, but that is getting repetitive to the point that I have to force myself to do them. Are there any other money making apps or sites that pay decently? Aside from budget or watch financial videos, is there anything else that I can do to help myself right now? + +Feel free to ask me any questions if you need more info. Thanks! +Hello! I am 25 years old and am looking to make a career switch to financial services. I am ultimately hoping to become a financial planner. + +This would be a career change for me as I have worked in public relations for the past two years and have a bachelors degree in strategic communication. I’ve done my research and chatted with folks in the industry, and am confident this is the career change I want to make. + +It’s been suggested to me to look for a role in client services as a first step. I would like to enroll in the CFP education courses so as not to delay my progress while I look for a client services role—I’m not sure how long it will take me with today’s climate. Figure this might also be a good way to immerse myself in the content and see if I still feel the same passion ahead of switching jobs. + +My question is, is enrolling in CFP education courses before having a role in the industry totally jumping the gun, or is this a good first step? Any alternate next steps you’d recommend? Thanks! +...is the answer I got from a friend who I got into crypto two months ago while we're discussing the Doge mania, and it's so freaking annoying. + + +Elon Musk is doing more harm to crypto with this Doge bs more than any other individual on the entire planet. Doge mints 10,000 coin a minute, 1 billion coins every 80 days as pointed out in a post a few days ago, the tokenomics on this coin is so ridiculous and it's meant and created as a joke, tens of thousands if not hundreds of thousands of people will lose so much money if they kept doing what Mr. Musk is telling them to do. The crash will be historical and it can harm the Cryptosphere for years to come. + + +I know that the Doge gang will downvote me to oblivion but whatever, if you made money off Doge, good for you, but I'm not touching that coin with 10 meter pol and in the end, we're all here to achieve financial independence and in my case to get my family out of a third world shit hole they call a country, so good luck to each and everyone of us + +Edit : grammar and typos +In 1985, Costco introduced a deal at its food court: for the price of just $1.50 you could get a quarter pound hotdog and soda. Now, 37 years later, the price still hasn't changed, even as the cost of beef, labor, and other inputs has dramatically increased. With the rampant inflation that we are experiencing today, that same combo deal should cost >$5 meaning that Costco loses about tree fiddy per hotdog. + +Wallstreetbets is big and stronk. We have over 12 million members. If each WSB redditor goes out and buys 1000 hot dogs from Costco, we can lose Costco 12 million * $3.50 * 1000 = 42 billion dollars. If we also short Costco before their next earnings report, we can 1) Recover the cost of the hotdogs 2) Make a profit and 3) Get a lot of hotdogs + +Tl;dr A plan for WSB to turn hotdogs into tendies while Costco foots the bill. Might also solve world hunger, too. It can't go tits up +So my father recently passed away last month. He has four children but only two young enough to receive survivor benefits (they are 13,14). Me as their older sister went and applied for them, fine.. Now I know my father had a passed due tax bill for state and federal not much maybe 500 max for both from his previous tax year. My question is should I pay it? If I don't will it effect my little brothers benefits later on? I don't nessarily have a problem paying it but would obviously prefer not to if deemed not necessary. + + + + +Edit: Thank you guys for your insight and help but just wanted to clarify something I know I don't HAVE to pay it what I should of asked is SHOULD I pay it so as to not affect my little brothers benefits. I rather pay it now then let it accumulate interest. +Thank you again +https://www.cnbc.com/2019/05/17/elon-musk-calls-for-cost-control-in-memo-to-employees.html + +Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot systems were engaged during a fatal Model 3 crash earlier this year. + +Elon Musk sent out a company-wide email on Thursday cautioning employees to take extreme measures to control costs. + +The Tesla CEO vowed to “Personally review and sign” every tenth page of outgoing payments. + [https://www.forbes.com/sites/qai/2020/05/02/investors-rotate-into-bonds-and-gold-after-a-historic-month-for-stocks/](https://www.forbes.com/sites/qai/2020/05/02/investors-rotate-into-bonds-and-gold-after-a-historic-month-for-stocks/) + +Personally, prefer to either be in value or dividend ETFs. With rates so low, not really worth going long duration and introducing interest rate risk...the returns on buying the front-end of the curve are nearly zero. In terms of gold, just not there...sounds crazy, but I think I prefer to buy Bitcoin to simply buy gold. + +[r/PersonalInvesting](https://www.reddit.com/r/PersonalInvesting/)/ +Hi all, + +I've been offered a new job in the private sector and have been considering taking it up for the experience. My current role in the public sector, while safe, is starting to become stale and I'm no longer growing from the work. + +I have also taken up a mortgage with no emergency buffer for repayments. + +I having trouble deciding what to do. Can anyone provide comments that may help with my situation? + +I've come up with a pros and cons list for my situation: + + +Pros to taking a up the new job: +- Experience as a consultant and the private sector +- 5k annual pay increase + +Cons: +- Longer and inflexible hours +- Probation period - I may not meet their expectations and lose my job, therefore defaulting on home loan and selling. + + +Pros for staying in my current job: +- Supportive team +- Stable job +- Flexible hours +- Long service leave in 3 years + +Cons +- 5K less pay +- Work routine and repetitive +- No opportunity to advance to the next pay bracket until a position becomes vacant. +Hi there, I’m going to keep this vague in places but a close contact of mine wants to draft an email to their boss to request a meeting to discuss wages and there’s bits I can already help them with, but some I can’t and hope people here might know more about. + +A short summary of their situation is they joined a company that runs a franchise style business six years ago as a junior sales exec; they quickly smashed all their targets and were regularly promoted up until 3yrs ago when they were asked to open a brand new franchise for the company as business manager. Previously their wages were split as a base salary and commission but when opening the new business it was negotiated that they would have a fixed salary as commission wasn’t guaranteed in a new venture finding its feet. This salary was a step up at the time but hasn’t changed at all for three years even though in that time (and during a pandemic) they have started the business from scratch and built it up to a very successful level. They’ve just had their end of financial year report and once again they have not only hit their target but more than doubled it. They now want to approach their boss about a salary increase to recognise these successes. + +I am happy drafting the language of what they’re asking for, etc but what I don’t fully have a handle on is the actual numbers of inflation. I roughly understand the phrase seen around here that “if your wages aren’t keeping up with inflation you’re losing money each year” but financially what does that actually mean for someone who’s had no rise for three years? Is there a figure I could quote about this? Apologies if that’s unclear, I’m very happy to answer questions while keeping it vague for anonymity. Is there anything else I should include from a financial angle about why they should have a raise after three years in addition to inflation (and just basic fairness)? + +Thank you so much and I hope you’ll excuse my ignorance! +Many people put a significant portion of their investments in one company (e.g. Vanguard). It is often asked, "What if Vanguard goes bust?" The hypothetical answer to the hypothetical question is "your investments are still ok." For example: + + +[https://www.mymoneyblog.com/what-if-vanguard-or-fidelity-went-bankrupt.html](https://www.mymoneyblog.com/what-if-vanguard-or-fidelity-went-bankrupt.html) + + +[https://www.vanguardinvestor.co.uk/need-help/answer/what-happens-to-my-money-if-vanguard-becomes-insolvent](https://www.vanguardinvestor.co.uk/need-help/answer/what-happens-to-my-money-if-vanguard-becomes-insolvent) + + +This [scenario](https://www.vanguard.com.hk/portal/mvc/loadImage?country=HK&docId=30627) is happening in Hong Kong. + + + + + +Basically, Vanguard will leave the Hong Kong market and relocate to Shanghai. It is [reported](https://www.ft.com/content/a66bf3ee-8a98-4eea-ac17-f65c35581d02) that Vanguard's assets will either be acquired or simply terminated. + + + + + +In fact, Bank of Montreal ETFs are also reportedly leaving Hong Kong, and their funds may be acquired by China AMC. + + +So I guess it's true that people's assests haven't turned into toilet paper or worse. But now that the funds may have different managers, the investment approach could become very different. Mangagement costs may increase. So the risk is there but more hidden. + + +Sadly, the remaining global broad market ETFs in Hong Kong have very low volume and small in size. IMO that's a higher risk. You would feel sad that investors in the city have not much options for global broad market ETFs. + +Edit: Typo +I'm wondering what I might be able to draw when I get to 57 years old. What assumptions do you make about growth and withdrawal rate? + +Do IFA's use a standard model? + +Thanks! +So I have moved to a northern city to study a PhD. I'm 24, no kids and wanted to experience living on my own, so I rent a brand new 1 bed apartment at £630pcm (bills around £55pcm so call it £700pcm total. + +My stipend is £14777 for the year, tax free, and I pick up about £150pcm from extra work. So after that I've got a nice bit of spending money to enjoy - I'm not getting too caught up on making significant savings during the PhD as I've accepted I won't be earning much during this time, and that's not why I've chosen to do this. + +The apartment I live in is brand new, and very good quality, I'm happy with it! Though when I told my peers that I spent approx. 50% of my take home on rent (when I could probably halve that by living in a house share) they thought I was mad. + +UKPersonalFinance, do you think I'm mad? +Yesterday, CNBC and Market Watch published [articles](https://www.cnbc.com/2021/03/19/stimulus-checks-unlikely-to-spur-another-gamestop-mania-says-bofa.html) on research concluding that we shouldn't expect people to use stimulus money to buy GameStop stock. One of the main justifications they gave for this conclusion was that “the number of recent conversations \[on Reddit\] including both GME and stimulus is low.” + +As some of you know, I’ve been collecting data on WSB discussion for quite a while now, and can quantitatively show that to be false. + +I'll try to keep this brief, as I know attention spans here are short. Please don't hesitate to ask questions below, and [here's a longer write-up](https://www.reddit.com/user/pdwp90/comments/m8ogb0/the_stimmy_effect/) I did on the "stimmy effect" recently. + +To start with, here is a graph of the total number of comments in my data mentioning "stimulus" or "stimmy" over time: + +[Stimulus Comments](https://preview.redd.it/68304hkrr6o61.png?width=1730&format=png&auto=webp&s=89e506d66c60fcfdb2c7f615e53cf952fa4dd522) + +Here is a graph of the number of comments in my data that mention BOTH stimulus & GME over time: + +[WSB comments discussing stimulus & GME](https://preview.redd.it/f5ubk3hhq6o61.png?width=1730&format=png&auto=webp&s=c3b50e38cb0eafa490bcfeba1bda3b6e023409ce) + +The drop off at the end reflects the fact that it was 3:00pm as I am writing this and the day is only partially completed. One could argue that these numbers should be normalized based on the total of number of comments per day and, while I'd disagree, I'll include that graph below as well: + +[Normalized WSB comments discussing stimulus & GME](https://preview.redd.it/003y7k0mq6o61.png?width=1730&format=png&auto=webp&s=3b4b0762cf396708bdef53f795ce84ad7e0c4847) + +From both of these graphs I see no indication of the number of recent conversations including both GME and stimulus being low, as a matter of fact it has hit all time highs over the last few days Here's a chart of the top 5 days in which stimulus was mentioned the most in my data of WSB daily discussion. + +|**Day**|**Stimulus & GME mention count**| +|:-|:-| +|3/15/21|124| +|3/14/21|103| +|3/16/21|74| +|3/13/21|69| +|1/14/21|67| + +To take it a step further, we can look at what % of comments mentioning different stocks also mention stimulus, as I did recently in the graphic below. A larger proportion of comments mentioning $GME on WSB also mention stimulus than for any other major meme stocks, save for $TSLA. + +[Most-discussed stocks in 2021 w\/ \\"stimmy ratio\\"](https://preview.redd.it/d6gj9vj7r6o61.png?width=1072&format=png&auto=webp&s=6d7f1e3d99059a70494a08da9ea571f2832a2359) + +I don't know how the conclusion was reached that the number of recent conversations on reddit including GME and stimulus is low. Assuming that this is an honest mistake, I'd encourage BofA, Market Watch, CNBC, or any of the other parties involved to get better data. There are a lot of people out there who have started collecting data on WSB, but not many who do it well and with good intentions. I've been doing it for a while now, and I like to think I fit both those criteria which is why I feel qualified to write this post. + +Note: I don’t have stake in $GME and don’t actively trade a portfolio, in order to avoid perceptions of bias in my analysis. This is not financial advice, or a recommendation to buy or sell any stock. +I worked for a company a couple years ago that was moving into a new facility. Warehouse needed to be able to hold multilevel racks as high as possible. + +Well The person with our company who signed the lease and declared the facility fit for our needs didn’t know the codes. We moved in and within a couple weeks the fire inspector came in and shut us down for not having the proper clearance between top of our racks / shelves and the sprinkler system. They literally won’t let you stack shit so high it could touch the sprinkler system or prevent those sprinklers from disbursing water. + +This story just reeks of foul play. + +Interesting comment from u/dyrnwyn580 (can’t post due to Karma) + +Can’t post BC low-karma. The school I work at has the same situation in classrooms and storage rooms. Assistant Director of facilities makes monthly checks. On another note, let’s pretend the pipes did break. Either one section broke and others would still be functioning, or one section broke and all water was flowing out into the room because the sections weren’t conpartmentalized. There’s a minimum of five sprinkler heads per 1000 ft.² and the building was 250,000 ft.². That’s 1250 sprinkler heads producing 25 gallons per minute each for eight hours. That’s 15,000,000 gallons of water. Look behind the news anchor. Nothings wet. +So you had a bad day. Maybe your portfolio took a hit or something happened at work. Here's how to deal with it, without being a dick to your loved ones. + +For starters, acknowledge that you're probably going to be touchy, things might set you off. So you're going to need to destress. + +Go home, eat a snack, kiss your wife or hug your kids. Now go and do something nice for them. Take out the trash, empty the dish washer, do some chore that you've been putting off. It'll help. I don't know why it helps, but it does. + +I think out ape brains can't really weight things objectively so getting a small win offsets a greater loss. + +Now, do something for you or just relax. It is what it is. If your partner wants to talk about it, talk with them. But you don't have to fix it today. All you have to do is not be a dick to the ones that love you. +" Rich Nomad + +Generally, this is the type of nomadism everyone aspires to, but only a few ever achieve. A rich nomad is someone who has a lot of money – usually from the lottery, inheritance or from a very successful career. The Rich Nomad enjoys a lot of freedom and flexibility while traveling. The downside is that sometimes having it “too easy,” without work, can be rather depressing.  For many of us, work is not only a revenue source, but also a way to build nice things and make ourselves useful in the world." + +[https://becomenomad.com/different-nomadic-lifestyles/](https://becomenomad.com/different-nomadic-lifestyles/) + +I am guessing people here would not be living in an rusty VW California. Has anyone tried this lifestyle? +I'm a beginner at trading and it seems that I make way more losses then gains. So I am really interested in your stories, especially in how you became a consistently profitable, successful trader (although I know that there are losing series, even if on the long term you are profitable). +I am also curious after how much time you started to notice a positive change in your account and what was the reason behind it. +Were the losses due to lack of knowledge? Or lack of mindset or psychology? +Have you all gone through your worst nightmares in the first couple of months or years before you became successful? What made you keep going and not stop before the good part came? +I am not the kind of person who wants to get filthy rich quick, I know that it is impossible and not the right attitude towards trading. But it is hard for me to bear these losses, even if it is a demo account. (At least I was smart enough not to open a real account for the first time :D) + + +Finally, where are you now in trading? Do you do it as a job (=only source of income)? Have you retired and just enjoy life? Or you still have a job and trading is a good source to make money apart from your regular salary? +95% of retail traders lose money in the long term. + +This number is just ridiculous. But you should not be so surprised when you think that everyone (almost of course, there are exceptions) is looking for the perfect system, the perfect strategy and they don't pay attention to the real important things such as: mindset, risk management, consistency, discipline and so on. + +Moreover, you find online lots of "fake" traders or "fake" people (without values, I don't mean robots) who try to sell useless course for 700/1000 $ if you're lucky. + +&#x200B; + +You go on internet, on various sites and you see almost everyone talking about some special setups and you see only charts everywhere. + +No one talks about your emotion management during the day, a risk plan that can save your account in difficult scenarios, things to do to have an excellent execution and a great timing. Actually, there a few who talk about these topics, but they're rare, and you have to spend some time to find them. + +&#x200B; + +What do you think about? + +&#x200B; + +Have a great weekend. +https://preview.redd.it/mprnhl5g3wd61.png?width=2069&format=png&auto=webp&s=9eebad1000e1bac5697efceb9d7c78839fd43660 + +How would you interpret these wicky candles? + + +Two trains of thought: + + +1. Lots of resistance, multiple failed attempts of going lower +2. Lots of tests of support, is being weakend, likely to fail soon + + +I didn't take an entry according to my plan because I was unsure what these candles suggested, trying to avoid a stop out. + + +Please share your thoughts :) +On a high time frame there might be a long red or green candle showing obvious imbalance. But if you go to the lower time frames the imbalances seem to disappear amongst a mixture of green and red candles. I'm assuming that on a lower time frame there will be a more accurate show of imbalance. + +But I'm probably wrong +I don't want this to be a sob story or one where i ask for pity. + +I started with 70 dollars in my account, was able to double it in a week due to the usdcad going up and down so often. + +Roughly about 27 hours ago i bought a decent position into the euro and went to bed. Not thinking by the time i woke up i would all but 3 dollars because of the usd dollar. I didn't put a stop loss because i wasn't planning on sleeping but i dozed off. I made a huge mistake and i learned from it big time. + +My current question though. Is it worth it to even try to build my account back up. Or would it just be better to walk away. At this point 3 dollars is not really enough to even make much. It would take weeks to build up my account to even 70 again. Assuming that i can double my money each week ( very very unlikely). + + +So whats next? + +Top of the morning everybody. + +Some of you may be familiar with me, I started trading back in late '15 with the help of you all, babypips, book recommendations and youtube. + +Now I sit with an account that has been wiped clean, above avg knowledge of monetary history - geopolitical history, and a few red pills. Yet, I am scared of opening up my mt4 and trade again. + +Loosing money is not my issue as i trade mini lots, yet it feels like im not going nowhere with it. One week I can gain 3% and the following week I loose 4-5%. I study my charts without the noise of tradingviews chatroom or ZH.com and use pure analysis yet my strategy seems to not catch up. + +Plus, I got back to my first love which was working in the field of medicine, working in the Operating rooms is pushing me to go back to school to study bio. Yet everytime I go home and read zerohedge I remind myself how much I want this, I enjoy learning about currencies, monetary history, etc. + + Since the Assyrians, currencies have been the demise of many civilizations, between forex trading and Cryptos i believe we can change that one day, there is a theory out there that one day each individual can be represented by his/her own currency, I sincerly believe we as forex traders can help make that happen. + +Mark twains essay "what is man" states we are machines thus cannot create anything simply immitate. Yet providing each human being with their own currency can in fact be our generations first creation. + + But the "noise" in my mind, my beliefs of the current economy, state of politics, the red pills, the "noise" around my environment is fucking up my concentration. Cant seem to catch a grip and go back to trading, a love I found just a while back while I was @ my lowest. + +Sorry for the rant, if it gets deleted i won't take it personally. I believe I'm not the only trader that has the same issues, advice here can be used by other having similar issues.. + +Thanks. +Wondering if anyone has success trading the Asian session on the 30 min time frame? I work a full time job 8:30-4:30 est and am trying to find a good session to trade outside of work time. TIA +I started running the wheel on RIOT (weeklies) about 5 weeks ago due to its insane IV and its connection to BTC. Since then, I've made over 60% of what my account's value was when I started. I'm pretty bullish on cryptos given the current state of the world, but I still can't help but feel it's a bubble that's bound to pop soon enough. RIOT is currently at ATH and I really don't want to get stuck holding it, but at the same time, it's netting me INSANE weekly profits. I don't have a strong enough reason to stop trading it (other than fear) so I feel like in the end, I'll continue trading it until the bubble inevitably pops, leaving me bag holding for who knows how long. + +Any advice on what I should do? + +I was thinking of switching my strategy from selling CSP to Put Debit Spreads to at least cap my losses, but I've never tried it because I always thought it'd significantly reduce my profits. Should I even do this, or should I just stop trading RIOT (for no real real other than fear) and trade other stocks just to be safe? +I've been reading quite a bit for a while now and thanks to the many active members here sharing great strategies. While I may not be ready for all the thetagang action yet, I was anxious to make my first option move with low risk. +Sell to open F put, 13 strike with this Fridays expiry. I got a premium of 8 and my broker will scalp 3.03, so if it does not get assigned, I made almost 5 bucks! +So how do you actually make money if the numbers are like that? +Thanks, +I've had the Sallie Mae rewards card (5% cash back on groceries, amazon, and gas) for 2 years and continually get 25+ dollars a month in rewards. + +I just received a notice that effective April 1 2017 the rewards will now only be 2% on groceries, gas, and utility bills. + +I know this card is VERY popular among this subreddit, so I'm looking towards you guys for comments and thoughts on what card you'll use now. +For context - 18 years old, first ever job making £17,500 per year as a degree apprentice software engineer and living with my parents. I get paid monthly on the 27th of each month, around £1450. + +&#x200B; + +My full list of my current expenses: + +* £50 rent (living with parents who are very generous about how much rent they want me to pay) - monthly (this is a mandatory expense) + * EDIT: some people mentioned this, they do pay for my food too + +&#x200B; + +* approx. £130 skin care products subscription - quarterly (every 3 months) + * this is about £43 per month, though is still billed quarterly + * kind of an optional expense, but I want to keep it + * This expense can be cancelled / delayed if I find myself suddenly unable to afford it + +&#x200B; + +* £34 manscaped peak hygiene plan - quarterly (every 3 months) + * this is about £8.50 per month, though is still billed quarterly + * kind of an optional expense, but I want to keep it + * This expense can be cancelled / delayed if I find myself suddenly unable to afford it + +&#x200B; + +After the above expenses I have (roughly) £1345 per month for other things. + +EDIT: national insurance and income tax brings this to about £1250-£1300 + +&#x200B; + +I'm wondering how should I budget my money, taking into account the following financial goals? + +* I'm planning to set up a LISA (saving up for a house, first time buyer) and save up around £333 monthly into that +* Planning to set up an emergency savings account, though I have no idea how much I should put into that monthly. +* One of my short-term financial goals right now is to purchase a good laptop for university studies during my 4 year long degree apprenticeship. (I want to have purchased this in a few months from now and already have some money saved up). +* A long-term financial goal is buying a house in a few years from now. +* My parents are kindly buying a car / driving lessons for me +* Another (1 year or more) long-term financial goal is to save up for one of those fancy new Pimax Frontier VR headsets coming out next year (around £2000 - £2500) +* At some point when I have my emergency fund at a good size, I would like to start getting into investing, + * and also taking out small manageable loans (one at a time) to buy sensible things (such as the laptop mentioned above?) to build up credit history ready for when I eventually apply for a mortgage or something. +I'm talking about house cleaners, massages, better food, more expensive gym memberships, etc. Nothing crazy, but things the average earner wouldn't go out and do. Girlfriend are I are both 6 figure plus earners and set to make more in the coming years, but both still live pretty frugally. Was there a catalyst that made you realize you could spend a bit more on yourself? +Its not really a secret that there's big money to be made at this level. + +To those of you here who have managed it, what did your journey look like going from a regular 9-5 employee to landing that first c-level executive job? +Alright you degenerates, settle down for a moment and stop the celebrating. Tonight was complete and utter bullshit, and has more than likely been planned for months by the SHF. Let me sit you down for a moment and teach you a little something about narrative, and why this is a big/bold and possibly a really good strategical move by the SHFs and their complicit media lap dogs. + +A lot of you probably understand the concept of narrative as it relates to politics. Both sides use it all the time, probably because human brains are on average about as complex as that of a Labrador. That said, A few days ago there was a DD about the “firehose of misinformation.” That DD was 100% spot on. I’m on an iPad so I am sorry to the author but I can’t link it. Look it up and read it all. Myself, I work in an industry (litigation/negation) where most of the time “narrative” is worth more than the facts themselves. The same is true for wallstreet. When I train new hires on negotiation and strategy, one of the main things I teach them about is “stealing the narrative.” But what is “stealing the narrative” and why is it so valuable? + +The best way to explain “stealing the narrative” is to watch the final rap battle in 8 mile. You probably think I am joking, but I’m not. In the final rap battle of 8 mile, Eminem is asked by his degenerate buddy what he is going to say, knowing they have soooooo much to say about him. In response, Eminem goes first, steals the narrative from the other guy (who is literally in every movie now), and he goes on to lay out everything that the other guy was going to say before he can say it. It left him speechless. This is the art of stealing the narrative. You diffuse the bomb before it goes off. You publicly address the elephant in the room, so your enemy cannot use it against you with any effect. + +What just happened tonight was a direct “fuck you” to us and GameStop the company. Ryan Cohen and company have been operating as secretly as possible with regards to their NFT marketplace. By breaking gamestops news, SHF and the media have collaborated to steal the announcement from GameStop. Any stock gain you would have seen when they did it, will now be considered “priced in,” even though it’s not. It’s pure market manipulation. If GameStop doesn’t launch soon, then GameStop will be criticized for the failure to launch. The narrative has been stolen from GameStop and a clock placed on them. Furthermore, Not only has the narrative been stolen, SHF have nefariously stolen the narrative to cover some of their FTD buy ins that we all knew were coming. I personally bought calls Friday and will hold them because I think the SHF have more to deliver before January is over. + +In conclusion, I think there should be a criminal investigation into this, however We all know there won’t be. I guess I just tell you all this so that you won’t be surprised if/when GameStop does launch NFT news, nothing happens. +Alright you degenerates, settle down for a moment and stop the celebrating. Tonight was complete and utter bullshit, and has more than likely been planned for months by the SHF. Let me sit you down for a moment and teach you a little something about narrative, and why this is a big/bold and possibly a really good strategical move by the SHFs and their complicit media lap dogs. + +A lot of you probably understand the concept of narrative as it relates to politics. Both sides use it all the time, probably because human brains are on average about as complex as that of a Labrador. That said, A few days ago there was a DD about the “firehose of misinformation.” That DD was 100% spot on. I’m on an iPad so I am sorry to the author but I can’t link it. Look it up and read it all. Myself, I work in an industry (litigation/negation) where most of the time “narrative” is worth more than the facts themselves. The same is true for wallstreet. When I train new hires on negotiation and strategy, one of the main things I teach them about is “stealing the narrative.” But what is “stealing the narrative” and why is it so valuable? + +The best way to explain “stealing the narrative” is to watch the final rap battle in 8 mile. You probably think I am joking, but I’m not. In the final rap battle of 8 mile, Eminem is asked by his degenerate buddy what he is going to say, knowing they have soooooo much to say about him. In response, Eminem goes first, steals the narrative from the other guy (who is literally in every movie now), and he goes on to lay out everything that the other guy was going to say before he can say it. It left him speechless. This is the art of stealing the narrative. You diffuse the bomb before it goes off. You publicly address the elephant in the room, so your enemy cannot use it against you with any effect. + +What just happened tonight was a direct “fuck you” to us and GameStop the company. Ryan Cohen and company have been operating as secretly as possible with regards to their NFT marketplace. By breaking gamestops news, SHF and the media have collaborated to steal the announcement from GameStop. Any stock gain you would have seen when they did it, will now be considered “priced in,” even though it’s not. It’s pure market manipulation. If GameStop doesn’t launch soon, then GameStop will be criticized for the failure to launch. The narrative has been stolen from GameStop and a clock placed on them. Furthermore, Not only has the narrative been stolen, SHF have nefariously stolen the narrative to cover some of their FTD buy ins that we all knew were coming. I personally bought calls Friday and will hold them because I think the SHF have more to deliver before January is over. + +In conclusion, I think there should be a criminal investigation into this, however We all know there won’t be. I guess I just tell you all this so that you won’t be surprised if/when GameStop does launch NFT news, nothing happens. +Thanks to the pf community for the ideas and for being good role models. I made a lump sum payment of $20,000.00 and my debt it nuked. + +How I did it: + + I built an emergency fund (4 months expenses) + + I realized the unmilked cash cow that is my companies ESPP program. with a 15% discount on stock purchases locked for 2 years. I dumped 100% of my paycheck in the last 2 paychecks of the 6 month buy period and doubled my money thanks to lucky timing with the price being set very low. That gave me enough money to afford to put most of my pay into it for the next buy and the next one after that which ended up being a significant pay day. (The emergency fund changed my whole future.) + +I had planned to pay off half of it today and half in 6 months after the next buy, but I realized I had reduced my spending so much and saved enough that I didnt even notice not getting paid for months at a time. So I just dipped slightly into the EF to do it all today. This should save me about 3,000 a year in payments and north of 7k in interest over the next 10 years. + +Conclusion. I feel warm and fuzzy and confident I can do even better in the future! Next goal, early retirement! +Through my eyes, real estate is a small business and I like the retirement plan associated with it- cashing out or hiring property management. + +I feel like for me- 5 years in and 5 units, the business is good, I enjoy it, but it’s moving as sloooow as molasses. + +Thankfully things are running smooth enough to where I’m not running around putting out fires, but that makes me feel like I could handle 2-3x as many units and probably be making full-time income from cashflow at that point. + +What do I need to do to make that happen? Is it just about being consistent for another 10-15 years? +Anyone have any experiences with tiny rental properties? I'm talking tiny. I ask because I'm looking at a 1 bedroom 1 bath that costs $10k (rents for $300). +Hi all, I am posting on behalf of my mom. I recently started talking to her about her finances and retirement savings. She makes an effort and has been contributing but is not financially savvy, so we've been digging into her documents. + +Her 401k statements correctly reflect her elected deferral of 15% of her salary going into her 401k since she started her job 9.5 years ago. + +What I didn't see was her matching - per her contract they are supposed to match up to 6% at 100% (so contributing 6% of her salary). Her pay stubs DO show 401k match of an appropriate amount in the employer contribution section, the money just isn't in the 401k account. + +I asked Mom about that and she managed to dredge out a decade-old email from the person who handled their HR back then. She emailed them a few months into the job saying she'd gotten her first quarterly 401k statement and it didn't show her retirement matching. The HR rep replied to the email saying that the matching wouldn't be shown on her retirement account statement, and as long as she sees it on her pay stub then she can rest assured she's receiving it, and the HR rep went on in this email to give her the advice to not read too much into her statements, that 401ks are set-it-and-forget-it and to let them worry about the math.. + +While I wish she had dug into it more, she was a recent immigrant to the U.S. without much knowledge of the system and her English wasn't great, so she basically trusted the HR rep and didn't worry about it. + +Anyway, I had her check with her HR folks NOW, who initially brushed it off saying it's in the same 401k account and should be shown on her statements. After some confusing back and forth I had her send them a copy of her statement and that it doesn't reflect the matching contribution. Upon seeing the actual statement they realized something was wrong and confirmed that indeed they have NOT been contributing the matching to the 401k account. They have told us they are still looking into the details of how that happened and "whether there is anything we can do about it after the fact." They have started the contributions now (I confirmed the that employer matching contributions appear in the account for June) but the question is - what about the last 10 years? + +Based on her annual salaries for the time she's worked here, 6% is almost $40k outright. However, if the funds had been invested they likely would've grown quite a bit beyond that. + +Obviously I'm hoping they'll have a fair and reasonable solution, but I wanted a take from you all: what would be reasonable to expect? Is there a particular outcome we should ask for? +Follow up from my post last week of 5 green days in a row, I am now at 8 green days straight (1 crypto trade from Saturday). + +After a somewhat bad day yesterday, 31 trades for $24 profit, I was able to find the market rhythm and scalp into a really nice short position for the end of day push down. Still only trading micro NQs, won't be looking to size up until I have 20k equity. + +Equity: $12,575.92 (not including crypto, but that was +1.13eth) +ROI: 79.6% + +https://preview.redd.it/hu007d1yrij91.png?width=1391&format=png&auto=webp&s=86e092775859fc7712cd5968155d56d4e7af0212 +Went to fill up my tank today. 60$ in the tank. Okay that sucks. Goes home and checks my account… 170$ charged ?!?!?? + + +I’m livid obviously and I go back to the gas station and make a scene like Wtf?! Lady just goes, yup we’re doing that now. Don’t worry it’ll be back in a few days. We just charge extra to make sure you have the money! + +I’m like what if I had bills tomorrow or rent due or like literally anything else! I’m on very fixed budget and this is absolutely unacceptable! I’m not sure how common this will be come but I’m absolutely dead inside at this. + +They should at least tell people?!?!!????? Like Wtf?? I guess I’m gonna start using all cash ?! + +Just a warning? PSA? That some gas stations are starting to do this and I don’t know why?! Do they hate us? +Hi, + +&#x200B; + +I graduated in the summer and managed to find a job in November earning £23,000. I have built up quite a bit of credit card debt over my time at university and I am looking for some guidance in how to best pay it off. + +Take-home monthly pay is £1,500 of which around £1,000 goes on living expenses plus Spotify (£5),(Rent (£550), water (£20), electric (£100), car insurance (£115), and food (£200)). + +Credit card debt: + +American express - £4,455 (No interest charged yet for some reason. Covid? Otherwise 19.9%). + +Paypal Credit - £2,000 (19.9% apr). + +Nationwide Credit - £997 (19.9% apr). + +Capital One - £190 (34.9% apr) + +Total - £7,642 + +Student overdraft - £3,000 (No interest, need to get down to £2,500 by August). + +Total - £10,642 + +&#x200B; + +I have received two paychecks so far and from those invested £1,025 into stocks which currently sits at £1,550. Is it silly for me to keep investing and growing the money to then pay off my debts instead of just paying them off outright because of how risky investing is? + +Any advice on my best course of action would be appreciated. +So, I have about $3,000 in medical bills for a particular Doctor who is a specialist. + +I provided my insurance information to his insurance coordinator at the time of my beginning appointments. My kids are covered under three separate insurances. My ex-wife's, mine and insurance through a Crime Victims compensation for my daughter. + +My ex-wife's insurance is primary because her birthday comes first in the Year and God hates me. + +Somewhere along the way, the doctor billed my insurance without billing the ex-wife's. My insurance denied the claims because the primary wasn't build first. By the time the primary got billed they denied the claims because it was too old. + +Now, the doctor stating that they're going to send me to collections for non-payment the insurance says that it's too late to Bill them. I'm at a loss, because I provided my insurance to the doctor and they messed up the billing. The issue is, it's kind of a he-said-she-said. The doctor is telling me that I didn't give them the proper insurance at the first appointment, even though I did. I have a difficult time with any recourse, because I didn't go to the lengths of me videotaping or anything like that. + +What can I do in this situation? Am I just hosed? + +Edit: UPDATE + +Some more details + +I have emails showing all the insurance IDs that we had, that I've sent her. All emails remained unanswered, despite me voicing concerns about carrying the balance and asking the status of insurance billing. I saw some comments below that they felt I was being less than forthright about the situation. I did pretty much everything I thought I was expected to. + +EOB from primary states I owe $0. They stated that I have zero responsibility. + +I talked to the Dr. Office again, and they stated that when I begin service I signed a paper stating if insurance didn't pay I am personally responsible. They threatened collections again. + +I talked to the primary insurance after, the ex wife's and they actually spoke to me even though I'm not on the policy. They were SUPER helpful. They stated that the original date the secondary insurance denied it is the claim date, and all the Dr. Had to do was submit that to primary, and it would be paid. + +The insurance company called the Dr. On three way and explained that to her. She claimed she had no idea that was how it worked. They stated that she is contractually obligated to fix it, and I'm not on the hook. She himmed and hawed, but it seems to be sorted. + +My biggest issue, i suppose, is the Dr office claims she clearly remembers our first appointment. She says she clearly remembers me stating that I WASN'T SURE if my daughters appointments would be covered by THREE insurance companies and I'd pay the whole bill out of pocket if needed. That is so fabricated, it isn't funny. She went as far as to tell me to get legal representation to sue the insurance companies. + +My gosh... Im never going to that Dr. again. I feel like they were very scummy. + +I still feel like maybe I should call the Office of the Insurance Comissioner just becuase it seems like really crappy business practices. + +There are so many helpful responses below, that gave me the questions to ask the insurance companies. Thanks so much reddit. + Nothing. It is not ok to lose money. There are many stories of beginner traders who’ve lost all their deposits and it seems widely acceptable. But I disagree. I drew down 55% of my account before I stopped and did a complete overhaul of my mental and money management paradigms. Mentally strong traders know that the power of cutting small losses is real and laying a proper foundation of rules is a way to go. The biggest reason why investors, newbies and even experts fail is because of lack of implementation, especially during the bad periods. Emotional control is difficult in those periods. And you start making mistakes doing things like selling stocks during a crash, speculating on 1–2 individual stocks and so on. A few losses in a row hurts you even more no matter how much money you lose leading you to further losses. Vicious circle.. + +There is a way to avoid it all together. If you start investing for yourself, watch yourself carefully during the first stock market crash. Do you panic or stay calm? If you stay calm, maybe you have the emotional stability needed to invest by yourself. Observe your own behaviour from an unemotional point of view once you start investing. See how you react to huge swings. Also learn to use stop losses and take profits. If you can’t analyze trends and patterns yourself follow advice from pros, there are plenty apps with highly rated traders, like this qooore app for example. Once I actually began to follow my plan, I became profitable. I still make mistakes though. I try to get a better entry when I should hit a market order or I put in a limit to close a position when it is supposed to be a market order. Sometimes I'll get nervous and move a stop. It happens, but most of the time I am calm like a rock. Discipline is the only way to succeed in the long-term. +Ya know, I was cool waiting for all this to just trade side ways. I was cool watching the highs and lows. I was cool just waiting for this to blow up, but ya know what? I’m god damn pissed now. All the bullshit we see with GME, all the patience we’ve shown. I would say I’m an otherwise chill dude who just has one rule, dont fuck with my money. + +After this mornings action, it dawned on me, someone is fucking with our money and I am pissed. I’m gonna hold and even raise my floor til 25 million. Fuck these hedgies and fuck their attitudes. I haven’t seen a worse bunch of losers since 6th grade dodgeball. I may only have low XX shares but those are my shares, my money and fuck you if you think you can shake them off of me. Like a captain I’ll go down with my ship. But unlike the titanic, we have plenty of life boats and jackets. Bring it on, I ain’t hear no fucking bell. + +Edit: I wanted to say thank you to all my fellow apes who have commented and wished me well. This post was made out of frustration but your comments and concerns have really lightened my mood a lot. So thank you. Seriously, thank all of you. I am proud to call myself an ape and be part of this with all of you, there’s not a better group of stock traders that I know. +What's up guys, anyone else refinance and leverage them selfs to the tits to buy eth? + +Wife hates me but I think this stuffs really gonna go to the moon 🚀🌕 +It seems people are slowly starting to understand that their crypto portfolio should be more or all inclined towards ETH rather than BTC. + +Bitcoin is clogged by its own success with its small blocks and its community that can't agree on a solution, also Proof-of-Work doesn't scale, and now with China's network centralization issues and withdrawals ban things are starting to get worse and worse for BTC holders. It even seems people like Andreas Antonopoulos moved on as he is now working on the book "mastering ethereum" however it seems bitcoin investors are slowly catching on. + +On the other hand in the ETH world we only keep hearing good news, not that it is going to be easy becoming the number one crypto but it will happen for sure, not saying when, maybe 2018 but it will happen, maybe BTC will go to $300 and ETH to $50 as the move probably won't be absolute but still BTC is carrying lots of issues near its all-time-high whereas ETH has a lot of room to grow... $1000 going to $5000 is less likely than $10 going to $50 or $100. + +Anyhow, get ready for the next big milestones on ethereum's development plan, they will probably be accompanied by big price moves as many investors take a wait-and-see stance. +Starbucks stock has been facing challenges, which is reflected by the flagging performance of its stock price this year; underwhelming sales in China, unhappy workers wanting to unionize, inflation, etc. + +Suspending the stock buyback program is clearly an effort to both re-allocate capital elsewhere, as well as improve optics. + +Are dividends next? Is Starbucks beginning to sink, or will it pull through? What are your thoughts? + +Edit: spelling +So I am 17 years old and I just saw some YouTube videos on making make him. So I don’t know much- nearly nothing. But some of the videos were talking about dividends. What I got from it is if you invest a certain amount each day/ month/ whatever and reinvest what you make from the dividends, you can make a ton of money if 20,30,40+ years. The videos make it seem easy. Is it actually easy or is there more that goes into it? And if it is actually easy, why don’t more people have more money? +As most know about the Evergrande situation and the possible implications on the global markets. +But Chinas issues run deeper, their railways are between 900 billion-1.8 trillion in debt losing around 24 million a day. +It's hard to get accurate figures however take these as low estimates. In China these railways are essential for commuting to nearly 32% of the entire country's workforce +A bail out of the housing sector doesn't fix everything for China. +They are essentially choosing housing over jobs. +Add to this that China's national debt is over 7 trillion excluding owned debt of other countries (1.1 T in US treasury bonds, 385B from poorer nations alone) +Are we simply turning a blind eye to this? +Should this not be in discussion in market news rather than the singular focus on Evergrande? +Finally not wanting to sound like a doomsdayer but is there a way to hedge against this crash of crashes? + + +Sources: 385 billion debt https://www.theguardian.com/world/2021/sep/30/42-nations-owe-china-hidden-debts-exceeding-10-of-gdp-says-report + +US treasury debt +https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp#:~:text=China%20has%20steadily%20accumulated%20U.S.,other%20foreign%20country%20except%20Japan. + +Video on railway debt +https://youtu.be/eLCa6Vl7EeQ +ie in jobs where you have a contract for say 20 hours and are paid hourly. + +Know of a case where someone is left in an awkward position when it’s time to clock off, where they have to work overtime (they can’t leave and drop everything) and when they raise the issue they are threatened with under performance or being performance managed. They do no get paid for the overtime either. (it as if the employer is looking for free work by lumping more work onto their shoulders and then issuing threats of performance management) + +Any advice what they can do? Should they just drop everything and leave at their contracted finish time? + +Or is it reasonable and legal for someone paid hourly to work unpaid over-time? + +Cheers +In my silly panic of being verbally told I'm potentially going to be made redundant, I accessed corona super to set myself up for being jobless and got rid of some debts in preparation. In the end I ended up keeping my job - which is amazing and I'm super happy. I know I should have had the paperwork in hand before applying. I feel very silly. I'm wondering what to do? Really upset and stressed about it as I don't meet the requirements and never will. Any thoughts or recommendations. Anyone else had a similar situation? I'm an honest person hence I'm super stressed about future potential outcomes with the ATO. +Disclaimer, I offer no dates or price targets. + +My wife asked me, "What number let's us retire during the squeeze?" I told her, and also mentioned I would not be selling at that number, but something much much higher. For probably the first time during the last few months she started to doubt me and this whole situation. She asked why wouldn't I sell when it gets to that point. Well when the price hits prices deemed crazy by the masses but low for apes, it will be even easier to HODL for us. Why is that? Because all our hard work will be validated. That's the moment when we take charge and set our own prices. + +The message is simple buy, HODL, Vote. The rest will take care of itself. +Welcome to the Weekly Community Discussion thread of /r/EthTrader. + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. [Donuts](/r/ethtrader/wiki/donuts) are a welcome topic here as is non-donut related discussion. +Aion Network has been firmly on my radar, in large part because I respected the very experienced team (you can read about what other's have said [elsewhere](https://steemit.com/blockchain/@schneeballen/who-is-aion-the-third-generation-blockchain-network)). + +But today I had an epiphany. In a month (rumored, but Q1 confirmed), Aion is releasing an Ethereum compatible blockchain (Aion-1) in which its current Ethereum Token (AION - currently only available on etherdelta, but large exchanges also rumored) can seamlessly move from the Aion-1 blockchain to Ethereum, and back. Interchangeable. Skeptical, well remember, these devs have been in the blockchain business for years (aka, Nuco) and the CEO, Matt Spoke, is an early board member of the Enterprise Ethereum Alliance, so ya, they have a nice start. + +**Think what that interoperation means!** + +At the moment of release, rumored to be in Janurary, in just a few weeks, Aion's blockchain is an off chain solution for scaling an Ethereum token. Now, without specifics, it's hard to know how far that goes, but it does lead to the second epiphany. + +Aion primary blockchain, Aion-1, which interoperates with Ethereum, is also designed to foster other Aion-sister blockchains, in turn, fostering it's own internet of blockchains, and therefore, it own scaling. Aion-1 can't get bogged down as operation can be handled on sister chains. Need cryptokitties? No need for Raiden, just pop out a dedicated blockchain that is intimately interoperating with Aion-1 and Ethereum. (note, state channels are still valuable, just given an example) + +So, the Aion Network is not just bridging old school chains together (such as Ethereum and Bitcoin, etc). But also, allowing people to CREATE chains much like Ethereum creates tokens. This was my "well holy crap" moment. Because the token required to generate a sister Aion Network chains is also the one and only **AION token!!!** + +This is a huge! An effective model for scaling and expanding blockchains everywhere. We knew that Ethereum never adhered to the "one chain to rule them all" of Bitcoin. Well, Aion is the poster child for an inter-operating future. But not just the old chains, but literally, a chain factory, networked, INTERNET OF BLOCKCHAINS. And the initial chain that starts it all, Aion-1, is dropping in just a few months, maybe next month. Obviously fully realized development is planned over the next two years, minimum, but Aion-1 will drop VERY soon, starting the whole process. + +I'm starting to see how they already secured a major defense contractor (a fortune 1000 company). + +Here's is specifically what they say: + +> Aion is the first platform to connect public blockchains not only to other public blockchains, but to private enterprise blockchains. Aion is a third-generation blockchain network that will enable any private or public sector blockchain to: + +> * Federate: Send data and value between any Aion-compliant blockchain and Ethereum +* Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains +* Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation. + +> **Aion-1**: At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem. + +> **AION tokens** are the fuel used **to create new blockchains**, monetize interchain bridges, and secure the overall network. The AION token is initially being offered on the Ethereum blockchain as an ERC-20 token. As soon as the Aion network is operational, these ERC-20 tokens can be seamlessly converted to AION network tokens, and will continue to be able to flow freely back and forth between these two blockchains. + +**I could not be more excited to watch this project in the months ahead** It paints a very exciting future! +https://basicattentiontoken.org/announcing-the-targeted-amount-of-the-upcoming-sale/ +>In the upcoming BAT crowdsale, we are targeting a raise of as much as $15 million and a cap of 1 billion tokens. We do not plan to have a follow-on offering. +> +>As we near the sale, we will provide specific instructions on how to participate, including how you will need to send Ethereum (ETH) to a smart contract at an address that we will disclose. +> +>In the crowdsale, we plan to distribute tokens in the following proportion: +> +>Tokens available for crowdsale: 70% +The BAT team: 20% +User growth pool: 10% + + +EDIT. [Brendan Eich](https://en.wikipedia.org/wiki/Brendan_Eich), co-founder of the Mozilla project, creator of JavaScript, CEO of the Brave Software is behind this. Respect. The BAT token will be used in the Brave browser. DYOR. + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + + +Something is going on right now. FTT is dumping heavily. We've all heard about the drama lately around FTX and while lots of rumors have been going around the charts are pretty clear. + +&#x200B; + +https://preview.redd.it/ay1gbiehbny91.png?width=1912&format=png&auto=webp&s=50e500aa1cb1da7678e80c1c35cb3fd80e7a9951 + +As I'm writing this post right now it is falling off a cliff we've seen before with a .... similar crypto. +Now I generally don't want to spread panic and remind everybody that it's outside of NA & EU trading hours so the volume is pretty low. But this is still a MASSIVE dump. + +**Solana is also dumping heavily** + +&#x200B; + +https://preview.redd.it/o2jr2apibny91.png?width=1920&format=png&auto=webp&s=d1bed2161a3b6a07e3d1bd31a16b23ed1007bd30 + +I've seen theories that FTX / Alameda research dump their Solana to cover losses in FTX. It would explain why SOL has been falling off a cliff lately as well. + +FTT lost the 22$ support. Some might remember this chart I've posted before that this is where major support held the price this year. It just fell through like it's nothing. + + +https://preview.redd.it/i5yoc7ukbny91.png?width=1919&format=png&auto=webp&s=1d53c999f6fd0872cdbfce0b9106544cb1f8591f + +As I'm writing this post SOL dropped another -2%. + +**Friendly reminder: Not your keys, not your crypto.** +I am an 84 year old woman and have no experience in the stock market, investing, anything at all! I was a public school teacher for many years, now I have a little extra money and not quite sure what the best thing to do is. i live in Minnesota if that is any help. Stocks or bonds? This is all new to me. Any help is appreciated. Thank you! +Let's go through the June update for NYSE order types, things are BAU in terms of manipulative order types being used, *but a very odd anomaly has appeared*, namely the Dark Primary Pegged order. It suddenly increased from 0% to 37% in June. Let's get into it, shall we? + +Before we get started, here are the order type definitions in ape speke. If you’ve read my DD before, as usual, skip this part. + +# 📚 Order Type Definitions + +**IOC ISO (Immediate or Cancel Intermarket Sweep Order)** + +For those who have not read my previous post find an excerpt below. + +[Intermarket sweep order](https://ibkr.info/article/1734)’s are generally a large quantity order that is sent to multiple exchanges.This is how it functions: + +* An order is submitted in the pre market to sell at a price of 40.80 and is sent to exchange A. +* The best offer price on exchange A is 40.63. +* Exchange B receives an intermarket sweep order to buy 800 shares of the stock at a limit price of 40.88. +* The best offer price on exchange B is 40.88 + +To make it more complicated this is an order with a modifier (ISO is the modifier), so let’s understand an IOC. These are orders which attempt to execute immediately and cancel any unfilled portion. E.g. place a buy for 10 @ $180.01 , it’s only able to be filled to a portion of 5 @ $180.01 and then canceled straight away. + +A key part to these types of orders is derived from the following. + +"The intermarket sweep exception enables trading centers that receive sweep orders to execute those orders immediately, without waiting for better priced quotations in other markets to be updated." + +This is [derived from a response](https://www.sec.gov/comments/sr-nyse-2014-32/nyse201432-2.pdf) to change how ALOs work by the NYSE, as they’ve been a thorn in their side since 2014. + +In essence, these types of orders are great for HFT traders due to how they work. + +&#x200B; + +**Limit Non-displayed** + +An order to buy or sell stock at or better than a specified price, these orders are HIDDEN from us apes and others. They also don’t care about [lock or cross situation](https://www.investopedia.com/terms/l/lockedmarket.asp) cases. Refer to my [previous post](https://www.reddit.com/r/GME/comments/mdnph0/more_proof_the_115_billion_buy_order_was_real_and/) for an understanding of this. + +This means the HFT (high-frequency traders) can effectively jump the line by posting [“hide not slide”](https://docs.google.com/document/d/1QmoFpdq9HeGJ-cdPP7y808uWxVufJNr2b69J0GY_-SQ/edit?usp=sharing) orders instead of visible orders. This is because a hidden order will not be slidden, resetting the timestamp. So if I placed an order at $120.01 for GME, they then place a hidden order for $120.01 as well, I get my timestamp to reset as I’ve placed a locked/cross order, but the hidden order does not get their timestamp reset therefore essentially skipping the fucking line. + +Yet another bread and butter tool when it comes to HFT. The key here though is the fact that it’s HIDDEN and how this plays out with ALO order types. + +&#x200B; + +**Add Liquidity Only (ALO)** + +First of all, major thanks to [u/SmithEchoes](https://www.reddit.com/u/SmithEchoes/) on this bad boy as it’s a complicated beast. + +Now this order type is a doozy and is currently being used for “highly questionable” purposes. + +ALO follows a strict “If,then” rule set based on if it locks [(7.31(e)(2)(b)iii-iv)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37) OR crosses [(7.31(e)(2)(b)ii)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37). This ruleset forces the ALO to perform these trades until it is fully consumed, or the order is cancelled. Rule [7.31(e)(2)(C)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37), once ALO is resting on the exchange AND it was forced to change its price in accordance with [7.31(e)(2)(b)i-iv](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37) THEN it now gets to be priced in accordance with [7.31(e)(1)(A)iii and iv](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37). This is the equivalent of HFT when ALO “activates” BUT it comes with a built-in safety feature that IF the price goes UP(Sell ALO) or DOWN (buy ALO) the ALO limit price is no longer locking or crossing at the values it was getting moved to, it REVERTS back to its original limit order price. + +**Monke speak translator:** These orders create sell/buy walls that have a nifty function that essentially “flips the safety switch” back to the original limit order price if too much buy/sell pressure is applied. + +# June NYSE Order Type Update (Stop scrolling here) + +First off, we’re focusing on NYSE Chicago exchange. Why? Because it has low volume, Citadel are based there so it’s a fair assumption that it’s likely one of their stomping grounds and the low volume makes it easy to pick up patterns in order type behavior compared to other higher volume exchange locations. + +&#x200B; + +[NYSE Chicago https:\/\/www.nyse.com\/markets\/nyse\/trading-info#equities-order-types](https://preview.redd.it/h6iuikxau5e71.png?width=1247&format=png&auto=webp&s=2c3e657c2ddda3f6c9eeeed534bceb9b8578f4f5) + +**1.** IOC ISO remains high, after switching from Limit non-routable IOC orders as the largest % back in September-2020, just before GME started to take off in retail interest. This shows that HFT activity really started to ramp up in terms of change in behavior, likely nefarious as defined above in terms of how ISOs can be abused. + +**2.** ALO orders are trending lower and lower after it spiking up, this indicates to me that they are less inclined to try and control GMEs price. Why? Unsure could be many reasons. My theory is that we’re at such a price level and as us retail users have entered a cyclical buying pattern, we’ve highly likely become predictable in buying pattern and therefore buy/sell walls are not as frequently required on their behalf to control buy/sell pressure. + +**3.** Limit Non-displayed orders, these have remained high since GME retail started to pop off in late 2020. Hidden from retail, able to “skip ahead of the queue”, this along with the other sus order types remaining high is all the indication you need to arrive at a conclusion. + +# 37.46% of NYSE Orders are Dark? + +Funnily enough, I don't usually check all the exchanges and just glance over them and head straight to the NYSE Chicago tab. What I found in my glance was a really strange “anomaly”, that showed Dark Primary Pegged order spike to 37.46%. + +Is this an error? Possibly. BUT, I’ve been tracking these updates since February, and this is the first time I’ve seen such a huge number appear at a specific percentage. It does make the total go over 100%, which is where the error logic comes through, but if this excel is powered by a macro, vlookups, whatever, it’s kinda odd that this would suddenly show up, and get published to their [website](https://www.nyse.com/markets/nyse/trading-info#equities-order-types) for all to see (assuming that it also goes through several approvals given it’s published 15 days in delay after month-end). + +&#x200B; + +[NYSE https:\/\/www.nyse.com\/markets\/nyse\/trading-info#equities-order-types](https://preview.redd.it/aj5lwkt6u5e71.png?width=1150&format=png&auto=webp&s=0f2d56a89e08c5b726d6192ba32471060aca9a7a) + +So, saying this. It could very well be an error. Take it with a grain of salt, but it’s odd that this type of non-live data that takes 15 days to prepare and publish would show this…. \*tinfoil hat is on, because hey, errors are the bane of my existence (fuck you TD TOS Bug)\* + +# Anywho, what even is a Dark Primary Pegged order? + +Primary pegged orders are not generally used that much. A peg order is one that follows the best bid when buying a security and best offer when it comes to selling a security. Pretty much ensures that it **allows traders to get the best possible price as the price moves**. + +If you’re thinking, what I’m thinking - we’re on the same wavelength (if this is not actually an error). Peg orders are used by traders in volatile markets, the peg comes in a literal sense as it “tracks” either the bid or ask depending on if you’re buying or selling to ensure you always get the best price. + +# What about the dark part? + +Well, you can guess… It’s not shown on the order book until **after** it has been executed, so they don’t contribute to a ticker symbols quote (bid/ask). + +# What wavelength am I meant to be on? + +Assuming this is not an error, this indicates to me that during June, traders were using dark primary pegged orders to get the best prices they can during various sell-offs that we’ve observed - without freaking out other traders looking at the order book due to the nature of the dark component of the order. + +As you can imagine, and that we know, when large orders come through on order books, it can trigger flash crashes, which are then propelled by HFT picking up on this. How to avoid this and get the best bang for your buck during sell-offs? Dark primary pegged orders. +I think my initial post got removed, so trying again. + + I am currently in the early stages of separating from my wife, which is 100% her decision. Completely blindside so totally lost at the moment. We are now trying to figure out how to do that, seeing as our finances are so intertwined and also really bad. We live month to month. No savings. + +Salaries - £35k (me), £24k (wife) + +I'll try breakdown some figures:- + +Mortgage - £36k left (4 yrs) - both of us - monthly payment £759 + +Unsecured Loan - £24k left (5 yrs) - me monthly payment £518 + +Unsecured Loan £8k (4yrs left) - wife monthly payment £165 + +4 Credit cards - £27k (me) - monthly payment £700 + +2 credit cards - £7k (wife) - monthly payment £125 + +We have a kid who is in further education, so really needs to stay in our current house so I feel selling is not an option. + +Now I know the finances are terrible, one of our options is for me to contact my creditors and entering into payment plans and paying vastly reduced monthly amounts. This could potentially save £1k+ a month. + +My wife works in a bank so I don't think this is a viable option for her. + +My kid and I would remain in the house while the wife moves back home to her mums. + +I know doing this would result in me having zero credit facility for the next 6+ years. + +Could I get some opinions on if this is a viable option. At the moment it looks like the only way we can both separate and move on. + +And at some point in the future - 6+years, I would buy my wife out of our house... + +Any advice would be appreciated. I live in Scotland. +If this isn't r/ausfinance related enough feel free to remove. + +Currently living in lower North Shore area but need to move soon and wondering if we just decide to live where we want to live and just assume the public school in the catchment area will be fine or do a bit more research and look for a 'good school'? Not really sure how to go about that though... + +I know you can find rankings for schools based presumably on academic scores which I could consider but what are some other factors? Size of school? Demographic of local area? Extra-curricular activities? + +My hope for his primary school education would be that he most of all has fun going to school, makes good friends, builds strong social skills and develops a love of learning and genuine curiosity. Good grades would be nice and an option to apply himself to try and get into a selective school if he shows promise would be good too. I do feel a great sense of responsibility to try and teach him these things myself, knowing how limited the quality of public schooling in reality might be, so in some sense probably just wanting to avoid any major red flags in the school which could jeopardise the above. + +Also, do you walk your kids to school? School drop off and pick-up looks like a nightmare if you drive. + +And what happens when they finish at 3PM? Both parents are working but I guess one of us could finish early but how do most parents manage this? What if both parents have to work until 6PM? Surely after school care spots are limited. + +NB: Just interested in public schools, not private. +Hi all, I am a first time poster here, and I really need advice. + +I bought a house at the end of March last year for 63,000. I had an inspection done by a highly recommended licensed inspector. I was given an inspection report, and at the end he told me that it was a very solid little house. The sellers ended up fixing a few electrical issues and giving me a small credit towards a new water heater before I moved in. + +Everything seemed to be fine for the first six months. Then the mold starting popping up. + +First it was in my bathroom on the ceiling. I chalked it up to poor ventilation so I cleaned it and tried saving for a bathroom ventilation fan. Then it showed up along the ceiling of my bedroom and all rooms along the exterior walls of the house. I had it in the back of my mind to call someone to find out what's going on. Finally, this past week, some boxes were moved out of a closet and the wall and carpet are covered in mold that's all colors of the rainbow, as well as soaking wet. This spanned into the next rooms closet as well. Then I started noticing it everywhere. + +I call three different restoration companies to come and look. The consensus seems to be that my house is pretty much screwed. The attic is covered in mold and so are the walls. I have been told that the roof, ceiling drywall, and some of the walls need to come down. I'm waiting for the bid but I was told it will be more than $20,000. + +I had my insurance adjuster out yesterday and she told me it didn't look good. I now have to wait for a structural engineer to come next week before I can find out if anything is covered. She couldn't say anything, but I could tell she was hinting to me that I'm in big trouble. + +Here's the personal finance part of this mess. I have 1,000 dollars in savings. I have no one to fall back on and a "fair" credit score. What do I do if this house needs 20-30k in restorations? I bought this house less than a year ago and it's obvious the problem was covered up when I moved in. I was told I shouldn't even be staying here right now due to the mold, but I have no where else to go. + +SafeHorizon - Bringing financial freedom to apes, safe and confirmed moonshot beyond the horizon. + +Today I present you a 4 hour old coin that has already netted significant gains for investors. Yeah, you heard me right: a 4 hour old coin and just about to break 1000 wallets. This is what HOGE should have been all along, on BSC so low fees, 10% tax for liquidity and staking benefits, and more importantly: you are early! + +Simple yet POWERFUL Tokenomics! + +By holding Safe Horizon in your wallet, your token balance automatically increases per transaction in and out of the wallet. Automatic passive staking that benefits early holders. How awesome is that?! + +♻️5% of all trades are redistributed to holders + +🔓5% of all trades are auto-locked inside liquidity provider on PancakeSwap + +🔓NO RUG - Presale token for liqudity is burned forever (this is better than liquidity locked). Dev wallet has also already been burned. + +🔓No whales: Only 1 bnb per presale address. This means that there are no early whales to dump on us as we moon (looking at you, Safemoon!!) + +Thanks to the name, early support, and genuine community on Telegram this is a moonshot that we should all ape into. The Dev has also promised a marketing budget. + +Update: Coingecko listing coming within 24h! + +TO BUY on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa468391a62c3562c2e960534a2defde8686a2d81](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa468391a62c3562c2e960534a2defde8686a2d81). Other exchanges incoming soon!! + +🌈Telegram: u/SafehorizonBSC + +🌈Twitter: twitter.com/safeBsc + +🌈Website: [http://safehorizoncrypto.com/](http://safehorizoncrypto.com/) + +🌈Reddit community: [https://www.reddit.com/r/safehorizon/new/](https://www.reddit.com/r/safehorizon/new/) +The limit for my 2 other credit cards is £200-250 and have had them for a few years. They still refuse to make even a slight increase. And even other banks/companies are hesitant to offer a decent limit. But not Amex... + +Even a couple of years ago, I applied for a Gold Business charge card and they gave it to me with no limit. + +My question is: why? Why are Amex the only ones to do this? And to this extent? It must surely be profitable for them (in the long term at least). So why don't more companies do the same? + +NOTE: It's a credit card, not a charge card. + +UPDATE: + +I'm not planning to ever use up the entire credit limit - not even close. The card is simply to act as a buffer for my monthly salary payments. + +I will always be paying off the entire amount each month, won't be paying a single pound in interest. +https://www.wsj.com/articles/why-the-longest-u-s-bull-market-has-failed-to-fix-the-nations-public-pensions-11554888600?mod=mhp + +*Sums owed to retirees are accelerating faster than assets on hand to pay those future obligations* + +Maine’s public pension fund earned double-digit returns in six of the past nine years. Yet the Maine Public Employees Retirement System is still $2.9 billion short of what it needs to afford all future benefits to all retirees. + +“If the market is doing better, where’s the money?” said one of these retirees, former game warden Daniel Tourtelotte. + +The same pressures Maine faces are plaguing public retirement systems around the country. The pressures are coming from a slate of problems, and the longest bull market in U.S. history has failed to solve many of them. + +There is a simple reason why pensions are in such rough shape: The amount owed to retirees is accelerating faster than assets on hand to pay those future obligations. Liabilities of major U.S. public pensions are up 64% since 2007 while assets are up 30%, according to the most recent data from Boston College’s Center for Retirement Research. + +Public pension funds have to pay benefits—their liabilities. They hold assets, which grow or shrink through a combination of investment gains or losses and contributions from employers and workers. Those assets generally rose faster than liabilities for five decades starting in the 1950s because government was expanding and the number of retirees was smaller. + +In the 1980s and 1990s, double-digit stock and bond returns convinced governments they could afford widespread benefit increases. + +But the value of their holdings—their assets—began to fall in the aftermath of the dot-com bust in the 2000s, and the 2008 financial crisis followed soon after. State and local retirement systems lost 28% in 2008 and 2009, according to the Boston College data. + + +“The first thing you have to do is make up what you lost,” said Sandy Matheson, executive director of the Maine Public Employees Retirement System. “And it takes years. And then you have to make up what you didn’t earn on what you didn’t have. It’s a pretty steep climb.” + +Some were able to keep up with those payments. But others weren’t as they struggled with lower tax revenue and increased demand for government services in the aftermath of the 2008 crisis. New Jersey made less than 15% of its recommended pension payment from 2009 through 2012. It now has a little more than one-third of the cash it needs to pay future benefits—despite robust investment returns in recent years. + +State Treasurer Elizabeth Maher Muoio said New Jersey is on “the long road to addressing our unfunded liability after years of neglect.” + +Many states and cities reduced benefits for new employees after 2008. But deeper cuts often met resistance from judges, unions and angry constituents—even in some of the most indebted states. + +The Illinois Supreme Court in 2015 threw out cuts by the legislature that were expected to save tens of billions of dollars. Kentucky’s legislature last year declined to approve the governor’s proposed cuts to cost-of-living increases for retired teachers after protests brought thousands to the state capitol and forced cancellations of classes in several school districts. + +Maine, which has made more progress than many plans in addressing its unfunded liability, did cut cost-of-living increases for both retired and active state workers. They earn a median pension of $27,000 after 25 or more years’ service and don’t receive Social Security. But that cut shaved only $1.6 billion off the fund’s unfunded liability, which now stands at $2.9 billion. + +Demographics became another problem as baby boomers aged. The number of pensioners jumped thanks to longer lifespans and a wave of retirees over the past decade, while the number of active workers remained relatively stable. + +**Maine’s fund serves about the same number of active workers that it did in 2008—a little more than 51,000—while the number of retirees has jumped 32% to about 45,000. Many funds are experiencing the same trend.** + +The Maine pension fund, which back in the early 1980s assumed a long-term investment return of 10%, now assumes a rate of 6.75%. If that rate were just 1 percentage point higher—where it was about 10 years ago—the projected $2.9 billion shortfall, most of which must be paid off over the next decade, would drop by more than half to $1.1 billion. + +The decision to lower the rate was based on discussions with the fund’s actuarial and investment consultants and a goal of keeping costs predictable, said Ms. Matheson, the system’s executive director. “There’s also an element of better safe than sorry.” +you dumb fuck, nothing is urgent around here 😂😂 + +you just buy and hold, while they bleed + +question what you read, check around, dont act out of blind crowd emotion, but your personal knowledge + +and wait for tendieman, he cometh +Was inspired this evening to look into EOS again and gather some links to back up earlier claims + +EOS does not constitute anything close to a blockchain, the txps claimed is not replicable in a real world environment (even as a centralised distributed database system it can not do more than 250txps), there is nothing to stop bp's colluding in bad faith to censor the blockchain, the network comprises of fake users and fake transactions, corruption in the markets associated with EOS is rife from the RAM market right back to the crowd sale where funds were laundered back and forth to make it appear like there was interest aka money laundering, information asymmetry conveniently means that none of the claims regarding computational power being fairly priced and distributed is easily verifiable + +From the way the architecture works to the fact that there is no Byzantine fault tolerance and relies on social consensus between crooks to operate to all of the 'critical vulnerabilities being found + +\- + +EOS IS MALWARE + +\- + +We owe it to ourselves as a community to point this out and try to ensure that this cancer and abhorrent community does not spread any further - trade it make money off it by all means (though my preference is not to) just treat with extreme prejudice anyone that is sticking up for this platform + +People behind EOS are the same people behind other scams and dodgy exchanges which I won't divulge here but you can put the pieces together yourself and go down the rabbit hole of all the kidnappings, insolvent exchanges etc + +\- + +EOS test report by Whiteblock; [https://www.whiteblock.io/library/eos-test-report.pdf](https://www.whiteblock.io/library/eos-test-report.pdf) + +Block producer collusion transcript; [https://docs.google.com/document/d/133VHvncsyGgp-WuZHUUDl\_svjPuL0vJywxlSCYgqle4/edit](https://docs.google.com/document/d/133VHvncsyGgp-WuZHUUDl_svjPuL0vJywxlSCYgqle4/edit) + +Wash trading during the crowd sale; [https://bitcoinexchangeguide.com/block-ones-eos-wash-trading-ico-audit-report-doesnt-exist-as-investor-concerns-begin-to-set-in/](https://bitcoinexchangeguide.com/block-ones-eos-wash-trading-ico-audit-report-doesnt-exist-as-investor-concerns-begin-to-set-in/) \[to this day B1 has failed to produce an audit to refute this\] + +Money laundering trifecta; [https://medium.com/@jpthor/the-tether-triangle-3f181ec778fe](https://medium.com/@jpthor/the-tether-triangle-3f181ec778fe) + +Steemit another Larimer scam; [https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156](https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156) + +Brock Pierce; [https://arstechnica.com/information-technology/2014/05/some-in-bitcoin-group-resign-over-new-board-members-link-to-sex-abuse/](https://arstechnica.com/information-technology/2014/05/some-in-bitcoin-group-resign-over-new-board-members-link-to-sex-abuse/) + +Read this in the context of what is known about the RAM market; [https://cryptobriefing.com/eos-creator-ram-announcement/](https://cryptobriefing.com/eos-creator-ram-announcement/) + +\- + +Sure there is much more besides this, feel free to share anything you wish below and be careful of interacting with their thuggish supporters, they will try and track down where you are from, where you live etc and threaten to follow you across Reddit posting nefarious things below the comments you make +My workplace is going to open annual negotiations for payrises soon. + +This year, I plan to just ask for a % increase that means I'm not materially worse off than last year. + +So that means a % increase which accounts for inflation, NI increases and consumer price index increases, I suppose. + +What % should I ask for if I just want to cover the increase? + +Asking here as I imagine this will be quite useful info for many people. +So I'm at the grocery store and I realized, I spent about 200 dollars on groceries for 2 people over 2 weeks. I used to be able to do it so much easier on about 50 dollars. I live in CO now. Everytime I have excess money, I always find some way to rationalize the extra spending. Any tips or advice on how I can stop my own worse enemy, Myself? +My mom owns her house in Springfield, MO. Just this year, her mom (grandma) passed away and mom got a divorce from her husband so now it's just her in this huge house. My wife and I have been planning on buying a house and paying it off to do what we want in life like travel for when we are older. We are in our early 30's. Mom doesn't want to live alone in the huge house and it's in one of the nicest neighborhoods in Springfield. All she owes on the house is 80,000 left (worth 280,000). It would be a huge shortcut to move in the house and help pay it off. The house is in great condition, may need a new roof in 5 years. But other than that, it's big enough to keep separate. We are weighing the possibilities of living in a house rent-free after it's all paid off. It would be great to have that corner cut and have a house that's paid off? Financial freedom for everyone once the house is paid off? Is this a good idea? Thoughts? Advice? + +p.s. My wife and I have ZERO debt, all loans and car bills are paid off. The house will be in our name when mom passes. + +\-Thank you +Defaulting on student loans can not only have the usual effects on your credit reports, but it turns out that in many states, according to this [New York Times article] (https://www.nytimes.com/2017/11/18/business/student-loans-licenses.html) your **professional licenses** and/or your **drivers license** may also be suspended. Which will cost you your job, your ability to get to your job. Which will make it harder to pay back the loan in the first place. + +**This is a terrible policy cooked up by who knows who**! + +Nevertheless, for those struggling with student loans and juggling between figuring out which loans to pay and which ones to ignore for the short term, please beware! + + +I teach high school and I talk about money with my students. I wanted to check my confirmation bias with the FI community, which I lurk too often. I had not seen the question in the search. +Thank you in advance for your responses. +Y'all read Atobitt's DD? +Good. +No, Dont skip to TA;DR. Go read it completely! + +And then realize that this - our shares - are now about something bigger than tendies and bananas! + +Its the one fight of our lives, we can't walk out of. + +Most of us were probably too young or unaware of the system in 2008. This time, we are right in the eye of the storm, and like it or not, our shares are the only thing that might make a dent in this fucking catastrophe about to blow up the world economy, Again. + +So Apes, Keep aside the calculators, please for a second stop counting the tendies that are due, and get ready to use those diamond hands. Because those shares are all we got. + +Hold like you have never held your dicks and credit cards before. Hold and don't let go! For your parents, for your children, for your partners, for your communities, for each other. This is bigger than all of us now. + +We aren't just apes anymore, we are in the big leagues, and we are all Silverbacks now. DFV, RC, AA, EM, they all did/doing what they could. Now it's down to you and me. WE HODL. + +Don't leave your fellow apes hanging. Step Up. + +NO CEILINGS, NO LOW FLOORS, No FUDs. Tune out the doubt. Look at the low volumes and realise, there are probably not alot of paper hands amongst us. We are all Hodling. + +Once this thing rockets, our resolves will get tested. +And try to remind yourself why you are doing this. This will be our only chance! + +The system hasn't fixed itself after systemic failures for decades, because the punitive fines never truly hurt them. They must be punished, and the only way to break this violent, callous, indiscriminate systemic wheel, is to go after the only thing they value more than all our collective lives: their assets, net worth and liquidity, that they no longer have. + +I am NOT Giving In. I hope at least some of you, individually, will be there with me. + +This is not financial advice. It is a moral duty that I feel I have, when I live in a land that embraced free and fair markets. + +We will get to the moon. But Lets also make sure, we leave this world a little better than before. + +Edit 1 - u/Atobitt DD: https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_medium=android_app&utm_source=share + +Edit 2 - Thank you for all the awards. I have never really received many before this. I really love the support of everyone here. It was getting a bit harder to breathe, but here I am, reporting for duty again. Thanks apes! you guys are awesome! + +📈📈📈📈📈📈📈📈🦧🦧🦧🦧🦧🦧🦧🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌛🌛🌛🌛🌛🌛🌛🌛🌛🌛🌛💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲🤲 +I frequently see questions on here about how to work finances for couples. I thought it may be helpful to lay out some of the different ways of doing things and their respective advantages and disadvantages. + +Note, fun money is leftover money every month that each partner has to spend on hobbies, personal holidays, or also savings if savings are kept separate. + +Edit. (thanks /u/Yennikcm) +>Whatever option you choose, it's important to talk openly and honestly about money with your partner. It's important to know and understand each other's financial mindset and long term goals (e.g. frugal vs. lavish, long term saving vs. investing etc.) + +Source. Been in various situations myself for many years, and discussed at length with close friends who have been in a lot of these situations too. Also somewhat of a compilation of various /r/ukpersonalfinance threads. + +# Method 1 + +Split all bills as a proportion of relative income. + +If one party earns 75% of joint income, they pay 75% of the bills. Here salaries are often paid into the individuals accounts, and then bill contributions paid into a joint account, or just directly paid to billing entity. All remaining money in individuals accounts is then fun money. Often in this situation savings are kept separate. Edit. Sometimes this is effectively done by splitting who pays for which bills. Lower earning partner may only pay for a few minor bills, higher earning partner takes the rest. + +Example calcs:Per month, party A earns £3k, party B earns £1.5k, post tax. Party A pays for 66.6% of bills, and party B, 33.3%. For a monthly bills/outgoings of £1.8k, party A contributes £1.2k (40% of income) and has remaining £1.8k fun money. Party B contributes £0.6k (40% of income) and has remaining £0.9k fun money. + +**Advantages** + +* From an individuals perspective, it is a pretty fair way of splitting finances. It accounts for differences in income so one party never has to pay more than they can afford. + +**Disadvantages** + +* It’s somewhat of a ‘regressive tax’ as both parties end up paying the same fraction of their income towards bills. If one party earns triple, they end up getting triple the fun money. +* In cases where there is an income disparity, this can lead to jealousy and or resentment. +* If you have children or a job loss forcing one partner to earn much less or nothing, it falls apart and a new system is needed. + +**Who is this appropriate for** + +* If you earn about the same and like to keep your finances somewhate separate. +* If you’re not married with no children, this can be a good option. +* If you see your earnings more as ‘yours’, and not the ‘couples’. + +# Method 2 + +Pay both salaries directly into a joint account, bills and any joint costs (and possibly joint savings) get paid directly out of this account. Leftover money is then split equally to each partners personal account as ‘fun money’. + +**Advantages.** + +* Both partners are guaranteed the exact same quality of life with the same ‘fun money’. +* Resilient to changing circumstances (children/job losses) as reduced fun money is still split the same. +* There is less cognitive load when making joint spending decisions as it affects both partners equally. + +**Disadvantages.** + +* You essentially lose control of your own finances. Everything is joint. +* If one party prior to starting the relationship had a much higher income, it can be difficult to accept the reduction in fun money. +* Sometimes partners just don’t have/want expensive habits and end up just sitting on piles of money with nothing to spend it on. This isn’t common though, most peoples personal spending adjusts to their income. + +**Who is this appropriate for** + +* People who are married have their financial lives legally joined anyway. +* People in long term relationships, especially with children. +* If you regard your and your partners financial futures as one entity, not two separate ventures. + +# Method 2.5 +(credit /u/joao_uk) +Similar to method 2, but personal spending never gets split to personal accounts. An joint amount is agreed and is kept in the joint account, then whoever wishes to spend it can without worrying about a 50/50 split. Large purchases are discussed prior. + +**Advantages** +* Less moving of money around needed. One account for everything. +* Very easy if you both have similar ways of dealing with money. + +**Disadvantages** +* Requires both partners to discuss the others personal spending. +* Can be difficult if large disparities in spending habits exist. + +# Method 3 + +Split bills 50/50. Keep remaining income for themselves. + +**Advantages** + +* It is fine if both parties earn about the same. Is the 'fairest' solution available. +* Disadvantages can be somewhat limited if higher earner also agrees to contribute more in other ways, such as towards joint savings, but this kinda turns it into method 1. + +**Disadvantages** + +* Is a bad long term solution and small changes in costs can very negatively affect one partner whilst the other barely notices. +* It isn’t a good solution if there is a higher earner who wants to start spending more than the other can afford. + +**Who is this appropriate for** + +* This is often how things start, especially when couples first move in with each other. + +# Method 4 + +Where lower earning partner earns so little (or nothing) that they cannot realistically live. No joint account exists but higher earning partner pays all bills directly and ‘gifts’ fun money to lower earning partner to maintain quality of life. + +**Advantages**. + +* Higher earning partner maintains full control over their finances. + +**Disadvantages**. + +* Can create a toxic power imbalance and can lead to resentment, especially if a joint spending decision is ever unilaterally denied. + +**Who is this appropriate for.** + +* People who are protective of their finances, and possibly don’t trust their partners ability to manage finances. + I was very interested in finding the rhetoric and overall feel of the dot com bubble so I searched by date before 2000 and here what I found. + +"**Not long ago I asked the officer of a regional investment banking firm why the price-earnings ratio for a small publicly held company was so high. “After all,” I said, “this company has the potential to grow since it’s in the dental equipment industry. It seems to me it warrants a high ratio.” Don’t you know,” my friend replied, somewhat puzzled, “that that company is mainly a machine shop? That puts it into a low-growth industry classification.”** this is so eerily similar to tesla, not only does the guy say a p/e ratio is obsolete when it's not, but he also tries to make an argument that a dental shop is not a low growth industry when it is, very similar to how people say Tesla isn't a car company and price it differently because of that. + +another interesting quote that I found was + +**"It was once the job of analysts to tell investors at what price a stock should trade. But now, some analysts say investors are calling the shots, even when it comes to big stocks with predictable earnings growth. Sure, the fine art of rationalizing high stock prices has long been on display for tiny, unproven Internet ventures without earnings. After all, it's hard to value a new company using traditional methods when it has no earnings."** even after reading this I still could be fooled that this was written today, the way he says that traditional metrics don't matter or don't work anymore is strikingly similar, also the phrase "**But now, some analysts say investors are calling the shots"** is also ringing some bells in my head after this whole retail revolution. + +and the final one I have is also the most striking + +**"For day traders armed with Power E\*trade accounts and limitless optimism, the Internet is a revolution that has blown away all the old rules about how the stock market works."** this is just so striking to what I hear today, replace e-trade with Robin and boom I would say this was written right now. and also how they say all of the old rules are obsolete the next paragraph also very eerie "**For more seasoned investors, however, the Internet rally looks suspiciously like a beast they've seen rear its head time and again in an overripe bull market: a stock market bubble, fed by young, greedy investors for whom a 20% annual return on investments is a mark of defeat.".** this is almost an exact repeat of the dot com bubble, I never thought it was this similar but wow, I think I will begin to hedge my portfolio and I would caution against saying this times is different. + +here are some sources + +also if you would like to find more articles like this search, before:YYYY-MM-DD (search term) + +[https://www.forbes.com/1999/01/14/mu3.html?sh=1f3103254aea](https://www.forbes.com/1999/01/14/mu3.html?sh=1f3103254aea) + +[https://www.wsj.com/articles/SB955485845794159366](https://www.wsj.com/articles/SB955485845794159366) + +Edit- To clarify alot of people seemed to miss the point of this post this wasn't a compilation of bubble calls but rather people who didn't think we were in a bubble and how they acted +Throwaway account, appreciate advice. + +My spouse and I currently live in the Boston area, mid to late 40s. Relocating soon to Pennsylvania where we are from, near Philadelphia. Philadelphia is what I would consider a MCOL location in comparison to NYC, Bay area, and Boston. You can get an "i'll live there forever" home for 1m or less. + +Current situation, spouse and I have NW of 6.5m and LNW of 4.5 (we have a few homes we rent out). If we keep working for 2 more years we have about 200k/year in incentives coming our way (spouses long term incentives) plus yearly income of about 955k, rentals bring another 75k. It feels like our fatfire number is about 6.5m-7m, but I think this has to be in LNW, not just NW. + +A few issues about Philadelphia - we have a 9 year old, so if we chose to live within city limits, you can pretty much guarantee private school at 35k per year. Taxes will offset some of it (10k tax difference between suburbs and city) and home costs are less, but the Philadelphia school system is just not one I can trust. + +My husband is pretty miserable in his current position which makes us about 460k a year. If he can grit his teeth and make it he'll have 200k MORE per year coming his way starting in 2023. I think he enjoys working but just not this job. I make 525-550k and am up for a promotion that could put me at 650-700k. I actually LIKE my work, it's in tech, but the move might mean i need some more nanny help, hard to say what post-covid travel and post-promotion work might look like. + +One or both of us needs to slow down. If we can last another 4-5 years we definitely would be at the 7M LNW number but an exit strategy is harder than you'd think. + +Can anyone talk to me about stepping down into less stressful roles while you still have some responsibility in front of you? I want us both to be a good example to our child and not just sit around the house. It feels like we have lots of unknowns until she's out of the house as well. +I thought I would share the script that I use to record a snapshot of my portfolios every night. If you already use Google Sheets to track your investments I figure it is a neat little tool to further automate tracking networth. Personally, I use ETFs for my passive investing and already use Google Sheets to monitor & re-balance my portfolio, I just wanted to automate tracking as much as I can. The script records the portfolio's value every night at a specific time. + +[Networth (BLANK) - Sheet Name - "Auto Data Script"](https://docs.google.com/spreadsheets/d/1qlrVizQ6aQ2GsCAO10mStaLneGeOpwKsFcLBPawMoNM/edit?usp=sharing) +> +> To use the script make a copy of the Spreadsheet for yourself (or just use the code I attached at the end in your own spreadsheet). Then click Tools->Script Editor and that should open a new tab. Click Edit-> Current Project Triggers which should open another tab. Here you will click "Add Trigger" and be presented with a few dropdown menus. +> +> Choose which function to run - "recordValue" +> Select Event Source - "Time-driven" +> Select type of time based trigger - "Day timer" +> Select time of day - "9 PM to 10 PM" or whenever you want as long as the market is closed. +> Make sure you save your trigger plus the script and return to your spreadsheet. +> +> Once you are back to your spreadsheet you will notice a new menu item named "Record value". You can test the script by clicking "Record value"->"Record now". It will ask for permissions to run the script in which you will have to authorize. +> +> The script will record the values C1 through L1 on the "Auto Data Script" sheet every night automatically. In my personal investment spreadsheet those values are auto populated with my rebalancing spreadsheets using "googlefinance" formulas. I included two examples of what I use, either to use yourself or to just to see how I use it. + +I also included a few other sheets of what I use the data for besides tracking networth. One sheet is used for tracking my investable networth on a monthly basis, along with a few metrics. The other is to calculate the time-weighted portfolio gains/losses so that you can compare your portfolio to a benchmark. + +The last 2 sheets are just examples of my spreadsheet to rebalance my portfolio whenever I add cash or if my allocations drift. The first one is a dual currency for us Canadians to use. + +I am not a coder and honestly just trying to get better at Excel, so some of the formulas might seem janky. I just included the other sheets as examples of what you could do with the data yourself. The script to auto record data is the main reason why I am sharing this and likely you could incorporate it into your own sheets. Like I said, I am not a coder or that great with Excel/Sheets but if you have any questions I will try to help. Please let me know if you find any mistakes. + +Below is the code if you just want that instead: + + // Menu for testing your script + function onOpen() { + var ui = SpreadsheetApp.getUi(); + ui.createMenu('Record value') + .addItem('Record now','recordValue') + .addToUi(); + } + + // Record history from a cell and append to next available row + function recordValue() { + var sheet = SpreadsheetApp.getActiveSpreadsheet().getSheetByName("Auto Data Script"); + var date = new Date(); + var Portfolio1 = sheet.getRange("C1").getValue(); + var Portfolio2 = sheet.getRange("D1").getValue(); + var Portfolio3 = sheet.getRange("E1").getValue(); + var Portfolio4 = sheet.getRange("F1").getValue(); + var Portfolio5 = sheet.getRange("G1").getValue(); + var Portfolio6 = sheet.getRange("H1").getValue(); + var Portfolio7 = sheet.getRange("I1").getValue(); + var Portfolio8 = sheet.getRange("J1").getValue(); + var Portfolio9 = sheet.getRange("K1").getValue(); + var Portfolio10 = sheet.getRange("L1").getValue(); + sheet.appendRow([date, "=DATE(Year(INDIRECT(ADDRESS(ROW(),COLUMN()-1))),Month(INDIRECT(ADDRESS(ROW(),COLUMN()-1))),DAY(INDIRECT(ADDRESS(ROW(),COLUMN()-1))))", Portfolio1, Portfolio2, Portfolio3, Portfolio4, Portfolio5, Portfolio6, Portfolio7, Portfolio8, Portfolio9, Portfolio10, "=SUM(INDIRECT(ADDRESS(row(),3)):INDIRECT(ADDRESS(row(),12)))"]); + } +Hello fellow Apes. This is my first r/Superstonk post, but I've been a GME shareholder since December 2020. + +I haven't seen you chimps chatting about this theory so I figured I'd throw it against the wall and see if it sticks. + +I am not a financial advisor, and this is not financial advice. + +# GameStop Announces Voluntary Early Redemption of Senior Notes + +So today GameStop announced that they will be eliminating their long term debt early: [https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +Basically this means that they are paying off a large debt ($216.4MM) early; a debt that would have been due in 2023 (two years from now). Recall that GameStop reported $635MM cash on their books for their 4th quarter results: [https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results#:\~:text=Our%20execution%20led%20to%20a,%2492.6%20million%20reduction%20in%20SG%26A](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results#:~:text=Our%20execution%20led%20to%20a,%2492.6%20million%20reduction%20in%20SG%26A). They are using 35% of their cash on hand to pay off the debt. + +This got me thinking: why? If I was GameStop, why would I spend 35% of my cash to pay off debt that isn't fully due for two years? As a company: + +1. I have yet to deliver on the crucial e-com pivot (these things take time), so it would be unwise to spend so much money on a bet that everything goes smoothly. +2. I can take advantage of the squeeze and make up to a billion selling shares in my announced [At-The-Market Equity Offering](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program), but why not wait until after the squeeze? Seems irresponsible to count my chickens before they've hatched. + +# DOMO Capital has entered the chat + +[https://twitter.com/DOMOCAPITAL/status/1382064324248735744](https://twitter.com/DOMOCAPITAL/status/1382064324248735744) + +Aha. So GameStop is restricted from engaging in mergers or acquisitions while this debt is on the books. Very interesting. Wasn't there a bunch of speculation earlier this year about GME doing a deal or possible acquiring Super League Gaming? You know, the whole [🐸🍦 tweet](https://twitter.com/ryancohen/status/1364650709669601289) speculation. + +# Culver City, CA. + +On April 13th, 12:40 AM EST Ryan Cohen tweeted this: [https://twitter.com/ryancohen/status/1381829698263654401](https://twitter.com/ryancohen/status/1381829698263654401) + +So he was in Culver City, California. GUESS WHO'S HEADQUARTERS IS 15 MINUTES FROM THIS GAMESTOP LOCATION? + +Super. League. Gaming. + +[https://www.google.com/maps/dir/Super+League+Gaming,+Colorado+Avenue,+Santa+Monica,+CA/GameStop,+3855+Overland+Ave,+Culver+City,+CA+90232/@34.0265341,-118.4498055,14z/data=!3m2!4b1!5s0x80c2ba307e703b33:0x6240f16e4ed3e540!4m14!4m13!1m5!1m1!1s0x80c2bb40bb522761:0x7883c19ede420266!2m2!1d-118.468071!2d34.032908!1m5!1m1!1s0x80c2ba3072c52c7f:0x2d847ba1485bfeed!2m2!1d-118.4066333!2d34.0170297!3e0](https://www.google.com/maps/dir/Super+League+Gaming,+Colorado+Avenue,+Santa+Monica,+CA/GameStop,+3855+Overland+Ave,+Culver+City,+CA+90232/@34.0265341,-118.4498055,14z/data=!3m2!4b1!5s0x80c2ba307e703b33:0x6240f16e4ed3e540!4m14!4m13!1m5!1m1!1s0x80c2bb40bb522761:0x7883c19ede420266!2m2!1d-118.468071!2d34.032908!1m5!1m1!1s0x80c2ba3072c52c7f:0x2d847ba1485bfeed!2m2!1d-118.4066333!2d34.0170297!3e0) + +So here's my wild theory, TL;DR: + +Ryan Cohen is going to be Chairman of the Board; everyone on the board knows it; everyone of us knows it. He is basically running the show behind the scenes "de facto" right now, until it is official (why not?). The 2023 bonds prevent them from engaging in acquisitions. In order to acquire another company, they gotta clear the debt. Ryan Cohen just tweeted from a Culver City, CA GameStop, that's the closest GameStop to the Super League Gaming headquarters (14 minutes away).��🍦 + +🚀🚀🚀🚀🚀🚀🚀🚀 +Some of the most popular posts over the past several months have consisted of "50+% of the float locked!" or "50+% of the free float locked" when that is demonstrably false. + +Institutions, ETFs, mutual funds and 'stagnant' shares are available to be sold, lent or used as locates to satisfy hedging options contracts. They are floating. + +This is an extremely unpopular 'opinion' (fact) and I don't expect this post to get much traction, but I feel it should be said. Either by ignorance or malace this misinformation continues to spread throughout the sub. + +An estimated 28% of shares outstanding have been taken off exchange, that's remarkable. Tack on insiders' restricted shares which are 13% of shares outstanding gives a total of 41% of the company 'locked'. + +TL:DRS - setting goalposts at 'available' shares or using the wrong definition for free float is short sighted and will set people up for disappointment. +Shopify had a crazy stock-price movement in the last 2 years, went from roughly $350 prior to the pandemic, to almost $1,800 (almost 5x) at its peak, and is now down to $364 (80% down). + +The goal of this post is to share my fundamental analysis and valuation of this highly volatile company. Feel free to provide your feedback and disagree with me :) + +At the peak, the market cap was over $220b, let's keep that number in mind. Today, it's around $46b. Let's get started! + +&#x200B; + +**What is Shopify?** + +In one sentence, it is an eCommerce website builder that takes care of the infrastructure and provides additional services/solutions (payment processing, marketing, analytics, inventory & fulfillment, etc.). It allows setting up and operating a business online easier. + +&#x200B; + +**How does Shopify make money?** + +The revenue is split into two groups: + +1. Subscription revenue - This is self-explanatory, and refers to the monthly recurring revenue that Shopify gets from the individuals/businesses that use their platform. This stream of revenue doesn't depend on the success of the users. Regardless if a company sells 1 product or a million, the subscription revenue is fixed. In my view, this is the less-risky stream as they'd only lose customers if they switch to another platform (not that likely) or a business goes bankrupt. Historically, this stream grew 50% year-over-year, now almost $1.4b for the last twelve months (ending Q1/2022). This is also a high-margin business, with a gross margin of 80%. + +&#x200B; + +2. Merchant solutions - This is the segment that takes all of the other revenue and is highly dependent on the success of the individuals and businesses that use the platform. Payment processing fees, currency conversion, referrals, advertising, etc, all of that is included here. If there's a slowdown in the economy and the eCommerce business decreases, this stream of Shopify would be harmed. In the last years, it grew roughly 75% year-over-year to almost $3.5b in the last twelve months. The gross margin in this segment is lower (43%). + +&#x200B; + +The overall gross margin has been decreasing and if we only look at that in isolation, the conclusion would be that something bad is going on and Shopify cannot keep its margins at the same level. This is not correct. The reason for the margin decline is only due to the fact that the lower-margin revenue stream (Merchant solutions) is growing faster than the higher-margin revenue stream (Subscription-based). Hence, the gross margin naturally moves closer to the stream that contributes more. + +So, the total revenue is close to $5b. If we put this next to the market cap at its peak of $220b, it seems quite unreasonable for anyone to pay such a huge premium. Yes, the company has been growing at high rates, but the growth cannot continue at that pace forever. The moment the growth declines, that's where the problems start and a correction comes in, so it's always wise to incorporate this growth decline in the model and not assume growth of 50-60% for a very long period of time. + +The overall gross margin is at 53% for the last 12 months and it is expected to drop even further. Let's keep it simple and assume that it will decrease to 50%. + +&#x200B; + +**Operating expenses** + +With the remaining 50%, Shopify needs to cover 3 main expenses to get to the operating result. + +1. Sales & marketing - Decreased from 34% of revenue (2017) to 21% in LTM. + +2. R&D - Remains stable at around 20% of revenue in the last 5 years + +3. G&A - Remains stable at around 10% of revenue in the last 5 years + +&#x200B; + +By subtracting these 3 costs, we get to an operating profit of 1%. So, a company with revenue below $5b and no operating profit, was selling for $220b. That sound quite irrational. Of course, there are a couple of other factors to consider. + +Every growth company puts as much effort as possible into growing quickly. For Shopify, that's mainly in Sales & Marketing and R&D. The more potential customers they can reach, the faster they can grow. The more they can innovate, the more services they can provide. However, as the growth slows down, these costs as % of revenue decrease. The marketing won't yield the same returns as before, simply because the # of potential customers decreases. All of this will lead to margin expansion. + +&#x200B; + +**Balance sheet** + +There are a couple of main points to mention: + +1. Shopify is a capital-light business that doesn't need to invest in tangible assets in significant amounts. + +2. They have a strong cash position ($7.2b in cash & short term investments + $2.9b in long-term investments) + +3. The debt is at a very low level, roughly $1.2b (insignificant compared to their $10b cash/investments). It could be argued that they didn't use the low-interest rates to increase their financial leverage. + +&#x200B; + +Recently, Shopify announced the acquisition of Deliverr for $2.1b, a company that will add value in their process of inventory inbounding and distribution. The aim is to offer delivery to the customer within 2 days of ordering (Competitive with Amazon Prime). This is not yet paid, so needs to be deducted when valuing Shopify as a company) + +&#x200B; + +**DCF model** + +Key assumptions: + +1. Revenue growth: 25% for the next 5 years, then slowly decrease to the risk-free rate of almost 3%. + +2. Operating profit: Slowly improve to 25% (Basically, the 3 types of expenses mentioned above, combined, should decrease to 25% of revenue over the next 10 years) + +3. Discount rate - 11.7% (Based on WACC) + +Outcome: **Value per share - $276/share (current market price - $364)** + +My assumptions are based on what I think Shopify can deliver with high probability. Could be I be wrong? Absolutely! + +&#x200B; + +**What if I'm wrong?** + +Based on my assumptions, the revenue will grow by 426% in 10 years and the operating margin is estimated at 25%. However, I could be significantly wrong. Therefore, the table below provides a valuation of the company based on assumptions different than mine related to the revenue 10 years from now and the operating margin. + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|300% ($19.0b)|$190.1|$229.3|$269.1| +|426% ($24.4b)|$226.8|$275.8|$326.4| +|1000% ($51.0b)|$400.3|$500.5|$601.0| +|3350% (159.9b)|$1,089.9|$1,388.4|$1,687.0| + +Based on your assumptions about the revenue growth and margin expansion of Shopify, you can decide whether the company is expensive or not at this price. + +The last row is only for illustration of how irrational the market was in the last year when the price went up to almost $1800. Basically, to justify that valuation, the company would need to grow the revenue by around 50% every year for the next decade and at the same time improve its operating margin to 30%. So, starting with the gross profit being around 50%, the Sales & Marketing, R&D, and G&A together, should be 20% of sales. + +Feel free to add your insights into Shopify and add value to the analysis. Feedback (both positive and negative) is always welcomed :) +Hello, I have been seeing many coins here without any proper development or milestones achieved, praised to god. I was wondering why is Ark so rarely mentioned lately. While it was pretty big shillfest when it was 1usd. + + It has a team with history of delivering their promises. Among other promised features, mobile wallets were released last month. Ark core update and VM are probably gonna be released soon. Currently it takes Ark about 7 to 8 seconds for tx to be added to main chain. Correct me if I am wrong but RB only adds that fast to local chains, which later get interconnected. + + Transactions are virtually free, as your fees can be refunded by delegate of choice. Current fees are by the way imposed to combat spam when Ark was lower in price, and will go down with later updates. + +The wallets, both desktop and mobile, are extremely well done, in my opinion. Its also compatible with Ledger hardware wallets, and staking rewards will get deposited as well. + +Delegated POS works pretty good so far, and payouts from holding Ark are pretty high and frequent. You have calculators online, but holding mere 200 Ark will yield you about 0.1A per day. No minimum amount of Ark for payouts, you don't have to be a big ass whale to gain, looking at you, XEM. + +There are no masternodes or similar trust based entities on the network. Inflation is also perfectly done in my opinion, its a fixed rate, not a percentage, and gets released to people who stake Ark so you can still keep your share in the network. + +Also smartbriges are done, and Ark can communicate with Ethereum network via ACES protocol. There's also a partnership with Blockport which could result in exchange for fiat/crypto trading pairs, built on top of Ark network. Probably coming q1 or q2 2018. + +If you have any questions or constructive criticism please feel free to share. And a disclaimer, I obviously hold Ark, so my opinion is biased. I wholeheartedly encourage you to read up and not take my words for granted. Whitepaper is available on their site, and community on Reddit is really welcoming. + +Sorry, I have never seen a newly minted billionaire donate a billion dollars to a good cause. This donation outranks anything Bill Gayes, Steve Jokes, the Walton fuckers, mark fuckanerd, Jeff bizarrous, or any other eccentric billionaire. + +Personally I would have loved so see him donate it to well water missions in Africa, but there is nothing wrong with who he donated money to. He is the first billionaire to have my respect. + +I believe in the vision...I believe in Vitalik, eth 2.0, and EIP-1559. +I did the math recently, and found out that if I work my current job for another 10 yrs, I will be able to FIRE at 45 (rent+food). + +This looks like an excellent argument to keep working this job, but: + +-it leaves me exhausted every day, to the extent that collapsing on the couch and falling asleep two hours after i got home is pretty much how my life goes now + +-I want to quit/escape pretty much all the time + +-I need to take work home on the weekends, I feel I never really have "free" time because I have things I should be doing (which I am procrastinating on because I hate my job) + +-location: buttfuck nowhere, so isolated, so no life, no gf. + +Pros of staying at the job: RE at 45 +Cons of staying at the job: hate it, youth wasted, crap location, tired, junk food/coffee to power self through the day -> bad health. + +Location is pretty-much non-negotiable; if I left this particular job and got another in the same industry, it would also be in the middle of nowhere, and I would also hate it. I know this because I did this before - changed jobs 4 times, but so far, same shit different day. + +Job is also such that if I left, I would have to start entry-level somewhere else, and reduce my yearly savings by approx 20-25k. + +So, basically, it's the job from hell, no life, or RE at 45. + +What would you do? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hello! We (31F and 32M) are about to have our first (and very likely only) baby. We’re currently based in Sweden where we get to enjoy 480 days of shared parental leave, plus my employer offers another 180 days of paid leave. + +The 180 days from my employer are compensated equal to my full salary, but the 480 days from the government are capped at about 2700USD a month (after taxes). + +Disclaimer: We know we’re extremely fortunate to get paid leave at all. + +Here’s the but: +Our combined income is about 330k USD a year, of which I (F) earn the majority (circa 250k, from my employment and a business i run by myself). We would both like to take time off with the baby, husband 3-5 months and I would like to take up to a year. However, after my 6 months of employer paid leave, this would essentially mean our income will decrease by 2/3. On top of that, taking a year off may affect career development and future opportunities and earning potential, especially considering part of my income is from my own business where I work with clients. + +I feel like I am overthinking this and should just enjoy the time with our baby but also feel a lot of pressure to keep working so we can achieve our (fat)fire goals. + +We have about 950k USD in assets, savings and real estate so far. + +Any advice or thoughts? It seems rare to have the mom be the higher earner which is why I’ve found it really difficult to find input on this or even discuss with friends. +I spent a lot of time driving and listen to a lot of different audiobooks and podcasts. I would love to expand my database of “media”. What do you guys listen to and/or watch? +Can someone please explain the value of the DGD tokens? As far as I understand, in the last AMA the devs stayed that DGD holders will not receive a percentage of transaction fees. If holders do receive transaction fees then this is clearly a security, which is why Bittrex de-listed it. +So guys, I just posted my comment in another thread here, but I want to repeat it in an own thread. +I think that the price for Ether will drop in the short term, but it will rise in the long term due to new apps (e.g. Augur!) and an improved infrastructre/network/software that is behind Ethereum. Lessons have been learned - the earlier the better! + +I am convinced, people should have an emergency exit installed in every network, that is supposed to run on its own. IMHO every computer and programme is still supposed to work for mankind, and not the other way around. The Blockchain is still a fantastic invention, even if an emergency exit (that has been activated by the community!) is installed for such purposes. In the end It's all about trust - if the hard fork works out, main stream media coverage and the average joe will see - "oh, so investors got their money back, seems like it's more safe than I thought". If we want ETH to get back on track, we need more positive news, that hackers cannot just misuse some flaws for their own purpose and fuck up the whole project. + +For the king in the north! ;) +It's been a pain to optimise and test out this strategy but I finally managed to successfully place a buy order on a newly listed coin. + +The testing has probably been the most difficult part of the whole process. Every time I would start the algorithm, I would have to wait there for days at a time before it does anything. Then Binance decides to list a new coin, and the script breaks. Go in and fix the error, re-start the script. + +Rinse and repeat this a few times over two weeks, it was tedious and required a lot of patience but I fucking did it. I can now confidently call the script functional (with some minor bugs that I will fix in the coming days). + +**So here's what actually happened:** + +The algorithm detected GNO as a new listing yesterday at 6:00AM UTC, and placed a buy order at 6:00.02. The order was placed at 394 USDT and GNO peaked at 418 but the entry price was closer to 300. + +It seems that even with 0.2s speed of execution the tool is still too slow to buy at the listed price and needs additional improvements. + +It ended up selling at 3% loss - which might not seem like an achievement, but I am personally very happy with the fact that it actually works, and this gives me a good base to make the necessary improvements in order to optimise this strategy. + +I do think that, if optimised correctly this tool can actually work very well. I will keep making improvements and report back. If you're curious to know more about how the bot works and how this buy order performed, I just made a new video explaining all of that in more detail: [**https://youtu.be/kWndcvWuMzI**](https://youtu.be/kWndcvWuMzI) + +**And for those who asked for the guide, here you go:** [https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/](https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/) + +Edit: + +The code is open source and available to everyone to use: [https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) + +Thanks /u/steks13 for improving the speed of execution buddy! +After reading this news article I feel that all the signs are pointing towards a huge bubble waiting to be burst. What do you guys think? + +Banks don’t dare to lend to these segment of the market, so the developers set in to SELL and PROVIDE the LOAN at the same time to these consumers. And this can be up to 90% loan value of homes that cost over 1mil USD. + +https://www.scmp.com/business/article/3011167/tightened-mortgage-lending-has-pushed-hongkongers-arms-cash-rich[article](https://www.scmp.com/business/article/3011167/tightened-mortgage-lending-has-pushed-hongkongers-arms-cash-rich) + +Highlights: + +Penny Li, 35, a finance professional, ended up buying a smaller and more expensive new apartment as she could not get a mortgage for an old home in a better location that she had her eye on. With an initial deposit of as little as HK$1 million (US$127,404), she secured a 530 sq ft home that costs HK$9.4 million. +The developer is providing 90 per cent of the mortgage. “If it were not for the extra loan offered by the developer, I could not have bought this home,” Li says. + +——————— + +The average income of a fresh graduate in the city – will need to save up for 12 years for such a down payment without using a penny of their income + +——————— + +Mortgage loans for new homes provided by banks inched up 1.5 per cent in 2018 to HK$84.9 billion. But the proportion of loans for new homes offered by non-banking financial companies, mainly cash-rich developers’ finance companies, jumped to 21.7 per cent of the total in 2018, up from 14.6 per cent in 2017. +———————- + + +[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!* +I know that ATT management does a poor job and that's a big reason to avoid the stock. But one can only discount a stock so much for any one reason, ultimately other factors like its dividend, revenue and assets are a factor too. + +As I type this (T) is at 22.80 with a dividend yield over 9%. We're expecting a large dividend cut to 1.11 a share or 4.8%. In my opinion 4.8% is a reasonable dividend to hold a large cap dividend stock. But current holders are also going to get shares in the spin of to discovery. There are many ways to project value for what this spin off will be worth in the future but even the most pessimistic model I can find puts it at 1/6 of the current value of ATT. + +Thoughts? +Ive recently been researching dividend investing and have been sold on the concept for my retirement accounts (Roth IRA, Roth TSP). Obviously there isn’t any taxable event for dividend payments i receive until way in the future so it makes it pretty simple to understand returns. My question is does having a dividend based account in an ordinary brokerage account greatly affect returns in the longterm? Because the dividend yield of the stock on paper isn’t the same after the tax effects are taken into account. Do all these taxable events hurt returns in the long run when compared to just having a traditional growth stock strategy? + +I apologize if this question has been asked before as I’m relatively new to this page but I appreciate any advice thrown my way! +Banks seem to be entering the bargain bin range. Whether it’s big boys like JPM BAC C or regionals or just plain old ETFs. Pe is down, yields are up. Pretty easy to find them with 3-5% dividends. However it’s almost overwhelming deciding which to choose in this macro. If you had to get into one bank right now what would and be and why? + +Or do you see something else in the financial sector better than banks? +Is it a good dividend investment? The stock came pretty much down and pays 7.9% dividend at the moment. On the downside there is not so much history (only 8 years) but what you think? +Based on quarterly results, company still achieves stellar profit and healthy balance sheet. Any thoughts on it’s value drop, potentially seeing unprecedented long time lows next week? +My dad is a wonderful, kind man who is absolutely garbage at anything finance related. Back in the '60s, he started buying model trains (HO gauge, Märklin brand) and told my mom that they would appreciate in value. + +Today, I learned that he had car trouble and asked him why he didn't try selling some of the model trains to pay for his car. The heartbreaking response was, "I tried." + +Apparently, his model train collection—which was once valued at nearly half a million bucks—is now worthless. He has retirement, but it's very modest. + +What do we do? Do you know of any way we could recoup the money he invested in these things? + +&#x200B; + +tl; dr–My dad invested his money in a now semi-worthless German model train collection. How do we try to get back some of his investment? + +&#x200B; + +EDIT: Pics requested, so [here](https://i.imgur.com/iOdgs4Z.jpg) [they](https://i.imgur.com/BBBCAkS.jpg) [are](https://i.imgur.com/2SZP2eU.jpg). +Lately Ive been getting panic attacks due to work stress, and the symptoms hasn't gone away. Everytime I sit down to do work, I get pains in wrist/heart and find it hard to breathe. It's making me so slow at work. + +I picked up a stress management handbook at work and tried the techniques for a few weeks. It's worked a little but got worse last week. + +My cousin died of a heart failure at 14 so I don't want the same fate with myself. While my role is decent paying (120k) I also figured I don't have motivation or interest for this role, development opportunities are little, so Im afraid I won't perform. So best I find a better opportunity/career I want to go hard at. + +In terms of logistics, I calculated that I can survive for the next 6 months with a surplus of $343/month I have to pay out of pocket. I can afford this if I am to rest and then pick myself back up to apply to jobs again. I don't have dependants. + +My plan is to quit, take a month to fix the health stuff, second month to figure out what I really want in career that works mentally, developmentally and personally, then apply to jobs after identifying the right companies and role (or if I need to reskill). + +I haven't done this before. I usually stick it out at a job (probably wasted years doing this). Are there other things to consider before quitting? Has anyone done this before? +AMA Today at 5pm With [u/thecryptostalkers](https://www.reddit.com/u/thecryptostalkers/) + +SMEGMARS is a legendary new token that will blow your socks off. We are a community of believers in a theory known as the “Moon Cheese” theory. Essentially, we believe that the moon is made out of cheese.. And we’re gonna land on it to take a big bite of it 🧀 + +Join the community on telegram: + +Take a look at the website for all the links and white paper. + +Website: [https://SMEGMARS.space](https://smegmars.space/) + +Voice chats get huge so make sure you hop in there 🔥 + +Some factors of success for the token are the fact that it.. + +⁃ has a 7% tax and distribution among holders. + +⁃ 1% burn fee ⁃ Max transaction sizes so no big whales jumping in early. + +⁃ Rug screen of 0.2 + +⁃ hit an ATH of 2M in 13 Hours and has held steady at $3.5M+ + +⁃ About to blow up on COINHUNT + +⁃ 50% tokens 🔥 + +⁃ 50% into lp + +Plain and simple looks like it's going to the moon. 🌙 + +Website: [https://SMEGMARS.space](https://smegmars.space/) + +\- Discord and Telegram links on website + +Ownership renounced + +[https://bscscan.com/token/0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8#balances](https://bscscan.com/token/0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8#balances) + +Buy link [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8) +Disclaimer : This isn't sponsored or anything of the sort & I'm not a financial advisor - I'm making this post to spread the love & gainz that $BOG has given me. I'm officially ALL in with bog & liquidated most of my other crypto for this bad boy. + +After spending hours looking through reddit posts, 4chan articles, and the next 10000x youtube videos, I think I FINALLY FOUND IT. Not only does $BOG have the most wholesome and friendly Telegram community I've been apart of, but I truly believe in the tokenomics of the coin. - + +Let me break it down to the best of my ability : + +Site: bogtools.io + +Contract: https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099 + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB + +Use case: Unlike most of the MEME coins being pumped out onto the market with ZERO use case, $BOG aims to change the game. The lightpaper on the site explains it all. I invested in 7 shit coins before understanding exactly why they all failed. MEME coins are fun but they're only as valuable as the hype surrounding them. Once it dies out, so do they. + +- + +Community: WHOLESOME & informative. I prefer the telegram to stay in tune with everyone, but there are articles and whatnot poppin up left and right during my DD research. + +Awesome tokenomics: 4.5% TX Fee. 4.4% to stakers, and 0.1% burned per transaction. - Basically EVERYTIME someone buys, sells, or transfers any bog 4.4% of that is distributed among those who stake. Ultimately you'll reap more rewards than you staked if you hold, and it's a beautiful thing to my eyes & ears. + +6 month liquidity lock - SAFE - This means the pool is locked for 6 months and can't be... how do you guys say in here, rugged. + +- + +It's taken a few months of hard learning experiences, terrible losses, and sleepless nights to get to this point. I was told when I first started trading that the emotions you experience while doing this is something you have to experience to understand. It's not a feeling you can learn to manage overnight. Excited to see where $BOG takes this project. + +EDIT: (Tokenomics were incorrect, originally I wrongly stated 5% tx fee and 4 % to stakers, 1% burned.) +So last time I inquired about switching investing strategy from growth to preservation at Fire; an overwhelming majority said they’re planning to keep their money in stock but set aside 2-3 years of living expense in cash equivalent. + +So this brings me to my next question. Has anyone performed a Monte Carlo simulation on this strategy? I think firecalc assumes 75/25 stock-to-bond mix. Is the result close enough? +tl;dr here - please rethink your investments if you're using ethereum to build a nest-egg or some long-term retirement plan. + +This will probably get super downvoted, but I felt like putting it out there. + +The post by /u/Haman__Karn over [here](https://np.reddit.com/r/ethtrader/comments/6s773s/i_feel_like_its_only_a_matter_of_time_first_time/?st=j63024j3&sh=4b889fb7) prompted me to write this. He says he doesn't want to get rich and just live a decent life. If any of the people in this sub just want a decent life when they get older, then I would *really* suggest a mix of US low-risk stocks/bonds and mid-risk international/developing market stocks. + +I understand everyone's enthusiasm for ethereum and cryptocurrencies in general, but realistically using it as a long-term savings plan isn't high on the scale of safe investments. It's closer to gambling than any other investment you could make. + +There's a lot of bashing of financial institutions and the government, but TBH government institutions like the SEC that regulate publicly-traded funds - while far from perfect - do a pretty good job of making sure there's not (too much) shady fuckery that takes place. Companies usually have underwriters and have to file a mountain of disclosures about who is on the board of directors, accounting procedures, security and internal control methods, intercompany balances and activity, and regular auditing. + +If shady shit does happen then people can be held accountable. Like jail time accountable. A lot of the time the SEC protects smaller investors from getting fucked over. It's another topic but the financial crisis in the last decade was largely in part because of too little regulation. Anyway, that last point isn't too relevant for this post. + +So the same financial security and accountability is almost non-existent with cryptocurrencies. I'm over-simplifying it, but crypto-companies that want to drum up capital have a white paper that generally explains the technology and how they can buy the coins. If your money disappears or is stolen or you get a then rarely are any people held accountable. I'm not even bringing in the issues with the coin exchanges, too. + +If multi-billion company stocks went up 300% in a month and then plummeted 75% the next, investors would be shitting their pants and heading out the door. Here's it's all HODL and memes and whatever. Let's be honest -- no one *really* knows the fundamentals of this market and yet no one seems to be too concerned when there are massive, largely unexplained price swings in short periods of time. + +Anyway, if you're gung-ho about this whole crypto market then put some money into ethereum or bitcoin, but there are much, much safer things to do with your savings than cryptocurrencies; especially if you want to have a nest egg for later in life. Like.. don't squirrel money away on ethereum if you're counting on it to be your retirement plan. Please? Or at least squirrel *some* money in some safer, low-risk bonds. +Hey guys, I'm interested to hear what you all have to say. I'm looking at the charts and I'm personally bearish in the short term. Aside from the EEA announcement (which resulted in a strong rejection of the $270 high), the market has generally shrugged off bullish news over the last week. This typically means that retracements and bear markets are strong. Since the ATH, Ether has traded in a pretty wide down trend with the exception of the upward momentum that broke the trend channel and resulted in an ascending triangle pattern that led to a breakdown. I don't want to spread FUD. If you are a HODLR, stick with this plan. However if you trade, I think it's clear we passed a bull trap and will continue to see attrition in price. Now might be a good time to open some shorts if you feel the same. After Aug 1, assuming no split, I'm going fully bullish on my trading but this recent moment has be believing we are headed for a couple more days of downward pressure. All opinions welcome! I want everyone to make money here. We are all in this together. +First, thank you to the many apes that posted on the other thread, and those that gave awards. You know better, and should be spending that on our beloved stock. + +If you missed it, the last thread can be found here: + +[https://www.reddit.com/r/Superstonk/comments/ypu1g6/my\_grandpa\_82\_went\_to\_see\_his\_financial\_advisor/](https://www.reddit.com/r/Superstonk/comments/ypu1g6/my_grandpa_82_went_to_see_his_financial_advisor/) + +Secondly, thank you to those that commented on my crayonmanship. I didn't think that of all things was going to be commented on, but sure, I'll take it! + +Lastly, my grandpa is up there in age (82), and has tended to to get upset on things he cannot keep up with when I talk with him about GME (DRS, Swaps, DTCC, Rehypothecation, etc). This was one of the main reasons that I wanted him to ask Schwab, was for them to try and explain their version of things, so that I could help him break down those barriers. In addition to putting a little fire on Schwab. + +I know one redditor commented the 'Spoilers' of what might be said, and they weren't too far off. Here's what happened a bit paraphrased through my grandpa, through me, so I guess this turns into a "trust me bro" situation. Take it or leave it: + +&#x200B; + +1. GME + +\-"Wouldn't touch it with a ten foot pole". Mentioned that several analysts have stopped giving grades on it. Those that are left say to "Sell". None say to "Buy" or "HODL." + +2. Directly Registering Shares in your name (D.R.S.) (Computershare) + +\-"Why do you need to?" In short - the FA gave the answer "Your shares are in street name here and offer you that convenience of being able to access them at any point." Gave the schpeal of "could you imagine if they had to hold on to, and locate every share that wanted to be bought or sold... that would be timely and costly." Total BS. + +3. Are your shares being lent out while at Schwab? (With the verbal tidbit to ask them to stop if they were). + +\-"**I** cannot do that without your permission" (But **did not** tell grandpa if he had given permission during paperwork/onboarding/etc. many years ago) Simply gave the answer that he (the FA) cannot do that. Gramps surprised me with follow up questions like "So that is possible?, and "What would be the benefit of you guys being able to do that?" But didn't remember their response well enough for me to put here confidently. + +&#x200B; + +&#x200B; + +Now, I'm sure I did what we all would have done, and started ~~arguing~~ discussing with grandpa on the BS given by the FA. Unfortunately, like I prefaced, Grandpa is 82 years old and shuts down when he can't still play economics ball with me. His 'shut down' was saying that he wished I was there so I could talk with the advisor more... on repeat. lol. I decided I'll be going to the meeting next quarter, even though I still eat crayons for breakfast. + +Few other interesting things to come out of it: + +\-They were recommending to take money out of bond markets, which is a smart move. Unfortunately that was where Gramps still had some money tied up in. + +\-They recommended staple items during this next 'economic turndown" + +\-Grandpa mentioned that he couldn't keep up with some of the concepts given by the FA, and gauged them around a Bachelor's level. The FA told him they were actually Master's level pushing Doctoral. I couldn't help but smile at that because the FA also told him to stay off reddit and not to trust it. But if I was able to learn all this from peer-to-peer evaluated 'junk' on the internet, how could we be asking such higher education questions? + +I just have to say I love all you guys and what you have helped teach me and others during this whole process, simply because we love the stock. Push on, buy on, and DRS your shares. + +Power to the Players. +2 kids (3 year old and 7 month old), wife, 300k mortgage. +Get 300k from my work if I die, I get around the same from her work. +Our current life insurance has income protection which is decent and pays off mortgage if we die. + +I like it because mortgage paid off and then for either one of us we then get a lump sum from work to not have to worry. + +HOWEVER, it is £103 a month and seems a luxury atm given the huge cost of living crisis everyone (and us) are going through. + +Is it a luxury or a necessity... it is hard to make the decision... +Oh and income protection is about £10 of that total insurance. + +EDIT AFTER READING POLICY (for more info as it is coming up a lot) - we get "300k decreasing term assurance policy incorporating critical illness cover" and "income protection of 26k tax free" (24 months max for each claim but can claim again after 6 months back at work). +Over the whole 22 years we will pay £26,000 for the insurance. +Partner and I are first time buyers looking to purchase a house. We are considering making an offer on a 4 bed (South East) for £390k with a 15% deposit. This is at the upper end of our budget. + +Mortgage wise we are looking at a 5 year fixed rate at 2.1%, which would give us monthly repayments of £1415. Our combined income is £100k. + +With inflation continuing to rise and interest rate rises to follow, I've been considering what the worst case scenario might look like when the fixed term would come to an end in 2027. + +My worry is that interest rates could be very high at this point and if house prices fall significantly as a result of this, we might end up in negative equity and not be able to remortgage on another fixed rate. + +For example, at the end of the 5 year fixed we would have around £277k left on the mortgage (without any overpayments). At a rate of 7% this would mean monthly repayments of £2148 which would be more of a stretch, especially as we want to have a child or two by this point. + +From these sums, the house would have to lose 29% of its value over the next 5 years to put us in negative equity, preventing us remortgaging or moving. + +Wondering if we should buy a smaller property for less money (around £325k) in order to have more wiggle room in 5 years? What would you do? +Here we go, Verge devs didn't listen, the chain is getting exploited again with a slightly modified attack vector (2 algorithms overtaken instead of one...). + +Vergins still think this is "only" a DDoS of mining pools as officials claimed (ROFL) while the attacker is possibly gaining millions of XVG for free again. + +If Verge will implode this time? + +Source: https://bitcointalk.org/index.php?topic=3256693.msg38135174#msg38135174 + +This is the guy who last time pointed the exploit out. Reliable source. + +Edit: earliest block I found as a starting point is 2,155,913. https://prohashing.com/explorer/Verge/ still shows the current growth of the blockchain at around 25 blocks per minute resulting in 18250XVG or 950$ per minute for the attacker. + +Currently sitting at around 650.000$ worth of XVG. + +Edit2: official block explorer is back online, with a WAY higher blockheight, 2.205.900 is one of the last blocks from the attacker. Roughly 50.000 blocks were possibly mined from the attacker resulting in around 1.900.000$. Still not sure what to think of this sudden stop on the official explorer, will have an eye on it. + +Edit3: it seems the attack is over, 35.000.000 XVG were generated in a few hours. But this also means there is still no fix and this is possible at any time again. Meanwhile the only official info out there is "mining pools are DDoS'd". + +Edit4: an explanation of the hack, published after it appeared the first time: https://blog.theabacus.io/the-verge-hack-explained-7942f63a3017 Now, the second time, it is almost the same, except two algorithms were needed to take over the chain. +I know many people aspire to pay off all debts prior to FIRE, but with mortgage rates low and possibly heading lower, I'm considering a different course of action: loading up on debt prior to FIRE. I'm curious for people to poke holes in this idea. + +First, very rough numbers (I have more precise data of course but for the purpose of this idea precision isn't necessary). Also note that I haven't FIREd yet.. I'm a computer programmer in my early-40s. Net-worth is about $3.5M, which is roughly divided into $1M house, $1.5M in retirement accounts, $1M taxable. While I have a very small mortgage, for the purpose of this question I'll ignore it for simplicity. I estimate my yearly expenses post-FIRE and assuming no mortgage at about $50K, or a \~2% WR. + +&#x200B; + +So here's my brainstorm. Right now I have a high income and an excellent credit score. Why not leverage those assets while I'm still employed to take out a big mortgage (let's say 15-year $600K at 3.125%) right before I quit my job? I could service the mortgage and pay my expenses while still staying below a 4% WR, and I've got an additional $600K to increase my cash reserves and invest. As this makes me somewhat leveraged, I'd probably keep \~$200K in cash to help ride out a bear market. + +I realize this isn't a particularly safe strategy if one is going into FIRE already at a high WR, but given a reasonable cushion I can't see a big downside. Have any FIRE-ees pursued this? I'm aware, BTW, that the market is at record highs and that does give me pause. But presumably it's still reasonable over the long term (and at my age long term is relevant) to expect the market to well out-perform 3-ish%. +I started investing in crypto in 2017 (I did some daytrading before that, but never HODL). Didn't invest much, but it was a significant amount for me. I saw HUGE gains. Like 33x. When it went crashing down and after some bad decisions (Bitgrail...), I lost almost everything. I was stressed and angry but calmed down after some months and started accumulating slowly again using the almighty DCA. + +Now, we're in another bull run and the first thing I did as soon as BTC went over 50k was to recover all the money I had invested since 2017 plus a little more for some toys (new GPU and tablet, car tires, some other little things). I still have 90% of my stack but now I'm much calmer with the price swings because no matter what happens, I won't lose any invested money and even if it crashes mighty like in 2018 I have most of my crypto, all my invested money AND my new toys from this bull run so I won't feel like an idiot. +\*\* I recommend everyone watch this [video](https://www.youtube.com/watch?v=dvqRKVTjbHc) + +Summary with sources + +APEX clearing is going public via SPAC val $4.7b + +In [prospectus](https://www.sec.gov/Archives/edgar/data/0001834518/000119312521183297/d121216ds4a.htm) page 186 they must disclose pending litigation "legal proceedings" + +>Plaintiffs allege that Apex, along with over **30 other brokerages**, trading firms and/or clearing firms, including Morgan Stanley, E\*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, **Citadel** and **DTCC** engaged in a **coordinated conspiracy** in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily **hedge funds, to stop losing money on short sale positions** in **GameStop**, AMC and certain other securities. + +The actual [class action](https://securities.stanford.edu/filings-documents/1077/ACC00107729/2021430_f01c_21CV21665.pdf) states point 15 + +>15. In an interview with Financial Planning, **Tricia Rothschild**, President of Defendant Apex, indicated that Defendant Apex had sufficient resources to meet the collateral requirements of the NSCC, evidencing that their *decision to restrict the Stocks was arbitrary, capricious and self-serving*: +> +>**Question**: Apex was one of the firms that restricted GameStop trading at the end of January. Are you able to specify whether Apex Clearing had to raise capital at the time, like Robinhood did? +> +>**Answer**: We restricted the trading for approximately three hours on one day due to anomalous information that we got. We were fine by the end of the day. We have headroom in terms of the capital available to us on our balance sheet. We have lines of credit that we can call on as needed. We did stop the trading for three hours, and then it was resolved and we moved forward, and have not had any issues and have not looked back. + +Meaning Apex had collateral but restricted purchasing of stocks for their own self serving purposes. +I've been learning C++ but it's recently come to my attention that that might not be the best language for trading. So I was just wondering what languages I should be focusing on? +(UK) girlfriend has randomly had CCJ without her knowledge + +Me and my girlfriend are currently trying to move house and have been told by an estate agent about a CCJ from February this year. + +we have found some info on it and the notice would’ve been sent to an address she hasn’t lived at for 2 years & also the building has since been made inhabitable for anyone. + +Is there anyway to sort this out relatively quickly or have it be set aside for the time being so we can get a new flat? Thanks I’m advance for any advice +I'm wondering what would be a better graduate position and why? + +Weighing up exit opportunity, salary, work-life balance, and career progression? + +Im currently comparing between KPMG, PwC, EY, Deloitte vs Wespac, ANZ, CBA, Nab? + +Specifically: "transactions, valuations, deals and corporate finance" at Big 4(KPMG, PwC, EY, Deloitte) compared to "Institutional and corporate banking" at the Big 4 Banks (Wespac, ANZ, CBA, Nab) + +Thank you in advance for reading through and giving any insight +A big short squeeze just happened. Whales decided to load up on BTC & especially ETH liquidating a TON of short positions. + +&#x200B; + +https://preview.redd.it/6m5vvli5h0w91.png?width=709&format=png&auto=webp&s=c94a96c7fbf1a98e1a800753fec4a0b603f67504 + +If you aren't aware how MASSIVE this is consider the recent volume. Look how ridiculous the graph looks. All the other liquidations are barely visible compared to what just happened the last 15min. + +&#x200B; + +https://preview.redd.it/65cv98g6h0w91.png?width=1435&format=png&auto=webp&s=98ae09bb8b15594e4f3a18ed786b9ec94a844e92 + +After a strong Stock Market bounce the last days it was inevitable that crypto will finally catch up. + +&#x200B; + +https://preview.redd.it/shc6avf7h0w91.png?width=998&format=png&auto=webp&s=ddddd52deba906ccd4e221f293c92fcbaf199877 + +What does this mean? Nothing special. Bullrun isn't back ( I'm sorry ) but you can clearly see institutions still LOVE crypto as soon as things look better. You can probably expect a pullback from here but I doubt it'll fall back below yesterdays level. There was a large money inflow confirmed on all exchanges setting up buy orders. + +What else does this mean? Prepare for incoming BITCOIN HITS 20K ! posts. + +https://preview.redd.it/x9aw32f8h0w91.png?width=1520&format=png&auto=webp&s=b0e9cb1e3f24dcd5674aa7dd84472a52ddd1a5b7 + +&#x200B; + +**EDIT: NO FINANCIAL ADVICE** + +Since this post is getting a lot of attention I just want to make sure that this is NOT a buy signal or means anything. In fact, it already dumped a bit reacting to missed earnings report for Microsoft & Google. If this pump was caused by institutions loading up on crypto betting on good earnings they might sell again now that it failed. Here's a chart of NASDAQ ( top tech stock index ) compared with Bitcoin. You can see a pattern when news dropped. + +BTC chart ( candles ) vs NASDAQ ( orange line ) + +https://preview.redd.it/zpbk3hmn01w91.png?width=1560&format=png&auto=webp&s=feba25204d59e7eedd686d1778618d6899d8df42 +It seems like all you see are these categories, and rightly so based on recent performance. + +What are some of your favorite stocks outside of these sectors with high growth potential over the next fews years? + +A couple picks: + +TTCF + +DS + +ASO + +MTZ +I have a private loan with Sallie Mae. I calculated the pay off and it’s $4,100.some cents and an interest rate of 11.625%. + +I’m currently paying $100/month for this loan and I was thinking of paying off $1k at once and then increasing my monthly payment to $200 and paying more some months. + +I ALSO have $11k in my savings and I was thinking “should I just pay the $4k 🤔” + +What do you guys think is the best option? Maybe another option? + +Please ask for more info if you need it. + +&#x200B; + +edit: I PAID IT OFF GUYSSSS MY BROTHER ALSO SAID GET RID OF THAT SHIT SO IM LIKE BET LOL WOWWWW FREEDOM +So am I the only one who is concerned about the increasing rate of consumer credit growth? Sure. people are more confident and lenders are lending more, but I don't see fundamentals, like wage growth, really justifying credit growth. + +This situation makes me very concerned about financials and the market overall. +I’ve just started a new job, and received notification from HMRC that I have a new tax code. I logged on to my account to check, and it seems my employer have submitted my estimated take home this year at something like £900,000. This is, you may be surprised to hear, not correct, unless I’ve been promoted to CEO or something and nobody told me. My first pay day is tomorrow, and while I’m curious to see what my take home salary is going to be, how easy is this to fix? I assume my actual tax bill EOY will be based on my actual earnings, and nothing to do with this estimate, but does anyone know if I should be concerned about this? +It all boils down to "many minds are better than one". Plus, some cool new software [{UNU}](http://go.unu.ai/unums/390) that taps the collective intelligence of groups. Here is how CBS NEWS described it yesterday: + +http://www.cbsnews.com/news/artificial-intelligence-your-key-to-kentucky-derby-betting-nyquist/ +I am young and still live with my parents but I may be moving out soon. My plan was to buy a multi family property, perhaps a duplex or triplex. That way, I can rent out the other living spaces and have my tenants pay my mortgage for me. With that being said, why would anyone ever want to buy a single family home instead of a duplex or triplex? + +Are there any advantages to buying a single family home over a duplex? Because I simply can't see any good reasons as to why this would be superior over buying a duplex/triplex. Yet, everyone I know (family) all have bought single family homes instead of duplexes and I have no idea why. + +A duplex is cash flowing while a single family home is not. So why would anyone ever want to buy a single family home? +# [DRS AND VOTING MEGATHREAD](https://www.reddit.com/r/Superstonk/comments/ue6jm0/computershare_voting_megathreads/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +We are down to the final 2. This poll will run for 24 hours and we should hopefully have the new banner up by market open if the artists can get source files to us in time. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 1 Winner](https://www.reddit.com/r/Superstonk/comments/uzpmjd/banner_contest_bracket_1_poll_dont_upvote_just/) is u/boltflower with the rplace graphic + +https://preview.redd.it/oi2bb0bw4m291.png?width=2750&format=png&auto=webp&s=191a1d1867cec1d0883703bccf7db5a4587f94d6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Bracket 2 Winner](https://new.reddit.com/r/Superstonk/comments/uzpn58/banner_contest_bracket_2_poll_dont_upvote_just/) is u/FartinLutherKing with the Power to the Shareholders graphic + +https://preview.redd.it/to3zcwvh6m291.jpg?width=11050&format=pjpg&auto=webp&s=336d1f66a85d2f2bd9e3ce196e910c291c2b6c3d + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Please cast your vote below for the final decision + +[View Poll](https://www.reddit.com/poll/v105e4) +For the life of me, I can't seem to get a grasp on IV. I've watched a lot of videos, read investopedia, and there's still stuff that's not clicking. For starters, why is IV all over the place when you go from ITM to OTM, there's no consistent trend like it becomes less and less as you would see in delta. Rather there's just a vague trend where it's a bit higher ATM, then it goes lower, then it goes higher again. But there's some variance throughout so it's hard to say it's a pattern. Is it b/c IV is derived from Black-Scholes model, so it's different for each contract? + +And it's said that IV goes up during a bear market and goes down during a bull market. I was looking at some historical data on TOS for $COIN and when the stock decreased IV went up. So is that a fair assumption to make that when stock decreases IV goes up and vice versa. It doesn't make sense to me b/c if you buy a contract a month out before earnings, then as the stock gradually goes up so does the IV. But I've also read you shouldn't take advantage of that usually b/c you get IV crushed? Everything I'm reading/watching seems at odds with each other, and I was hoping someone here could share some insight into how they think about it or what they used to understand it. + +&#x200B; + +Edit: Really appreciate the time everyone took to respond, I'm starting to feel very confident in my understanding of IV now. Also Glad I wasn't the only one confused lol +&#x200B; + +https://preview.redd.it/rc6rxwhmz8v91.png?width=1254&format=png&auto=webp&s=859427fa833f277c489a2545a58c7dff6da3f22b + +I'm super stoked to end my week off with $1600. I only had 1 red day and that was on Wednesday, I was -$70. I switched from trading options last week to trading futures only this week. I continuously lost money trying to trade options and relying on indicators. Maybe I've found my niche now, but I'd say a full week of profits is showing me promise for the future (lol). + +17th: $220 + +18th: $522 + +19th: $(71) + +20th: $218 + +21st: $768 + +I just wanted to come here and share that it was all done with zero indicators. That was the best thing I've done in terms of trading. I started learning price action, market behavior, and market trends. I too, lost a lot of money relying on indicators and then was left wondering what I did wrong when I kept losing money. + +&#x200B; + +To anyone losing money, I highly recommend YouTubing price action, market trends & behavior. + +Have a good weekend! Attached is my Tradovate weekly recap. I started with $3500 and only traded 1-2 contracts. +So I’m only started day’s trading end of last week. I bought two stocks, one I bought and sold twice, because I got nervous and didn’t trust myself. Still made a tiny profit but I’m okay with that. I know I am learning. The other stock, didn’t move as much as I thought. Thought about selling it. Then noticed the earnings report comes out on Wednesday. Should I wait for the report or sell beforehand? Thanks in the advanced. +As many are aware, the infamous faketoshi scammer Craig Wright has been on a campaign to use harassment, intimidation, barratry, and fraud to attempt to steal some 1.1M coins that belong to Satoshi and others. + +In furtherance of this scheme his company just published code for directing the seizure of third party coins in the BSV blockchain. BSV is a scammy bitcoin knockoff that is proprietary software controlled exclusive by Wright and his agents. Users of BSV are only permitted to run the software he approves so they're able to foist their coin stealing code onto their users which would be impossible for legitimate cryptocurrencies. + +Because of this I believe any user of the BSV altcoin is in serious risk of exposure to network consensus instability or outright having their assets frozen or stolen out from under them. + +This would be of no direct relevance to Bitcoin users except some Bitcoin exchanges support BSV and so far whenever an exchange has gone insolvent they've pooled assets from all users in the bankruptcy. This means that if an exchange becomes insolvent due to Wright stealing or freezing BSV out from under it users Bitcoin balances may be used to make BSV customers whole. + +While it's never a good idea to leave Bitcoins you aren't actively trading on exchange I'd strongly recommend getting your funds off the following exchanges ASAP (non-exhaustive list): + +* Robinhood +* Bitfinex +* Bittrex +* Hitbtc +* Huobi Global +* Kucoin +* Bithumb +* Gate.io +* Poloniex +* CoinW +* Indoex +* OKX +* CoinDCX +* Pionex +* Upbit +* Bibox +* Bkex +* Yobit +* Deepcoin +* Mexo Exchange +* Wazirx +* CoinEx + +This shouldn't be news to these exchanges as it's been known for some time that this was coming: https://twitter.com/Arthur_van_Pelt/status/1577647343595315201 + +Here is the BSV official explainer video on their coin confiscation process: https://www.youtube.com/watch?v=s-thMjd7pKc + +Of course, since the BSV ecosystem has been engaging in non-stop harassment of Bitcoiners including multibillion dollar lawsuits against Bitcoin developers and non-BSV supporting exchanges it's probably prudent to not to business with exchanges still supporting this ecosystem to begin with, if you care about the value of your Bitcoins'. If an exchange will support this scam just to make a bit of extra money-- what else might they do? +I know this topic of salary negotiation comes up quite often on this subreddit, and as a professional myself (I'm an Engineer) I've had my fair share of job hunting where HR personnel will give a low offer and just straight up refuse to even negotiate. Even with the pandemic going on there's still a high demand for engineers and I came across a job opening like this. I told the HR recruiter that I was going to decline the offer, but since I was keeping in contact with the hiring manager the whole time, when I told him my intent to decline the offer, he practically broke down and was begging for me to accept the offer. It turns out this job opening has been open for over a year and the manager has been desperately having a hard time finding anyone who's willing to accept the offer. + +My mind was completely blown away when I found that out. How can an open position be open for that long without corporate/HR thinking, "hmm, are we doing something wrong?" I understand every company has their limits when it comes to employee salaries as part of their business' finances, which is why it's understandable that it's HR's goal to give you the lowest salary possible. But when a needed position is open for that long, how does HR not get dinged for that? Does HR not have oversight/metrics placed on them to ensure positions are being filled in at a certain rate? + +The main purpose of my post is really just to better understand the negotiation dynamics from HR's end. Does HR really have nothing to lose when it comes to salary negotiations if people keep declining their offers? +Offer was verbally agreed upon, just had to get it in writing. Had my conveyancer look over the contract before signing who noticed the apartment was under two body corporates one of which was not listed. + +Turns out they had somehow missed it and had been advertising the outgoings on the place based on just one body corporate. + +Noped the fuck out out of that place as the low body corporate was what had attracted me in the first place. + +Just wondering if anyone thinks they deliberately tried to do this? +-The real estate agent got mega pushy less than 12 hours after sending me the contract to sign when I said it was with the conveyancer. +-How could their conveyancer/real estate agent/owner have missed this? + +Hypothetically if no one had noticed and it had sold what would have happened? Would it just have been tough luck on my part ? +We just refinanced to BOQ and the Manager convinced me to open an everyday and savings account with them. + +I’ve just logged onto their internet banking app for the first time and it’s ridiculous! Honestly looks like a Year 12 technology project. + +Am I missing something? Is there an upgrade I don’t know about?? + +Once the mortgage is sorted, I’m going to close these new BOQ accounts. I am stunned at how basic they are. + +Does anyone else find this? Or am I expecting too much after banking with ING? +**33K upvotes:** [**https://www.reddit.com/r/Superstonk/comments/owg05j/vlad1\_douche\_canoe/**](https://www.reddit.com/r/Superstonk/comments/owg05j/vlad1_douche_canoe/) + +No one applying any critical thought and fact checking this shill? + +[Let me fact check this shite.](https://preview.redd.it/5e2tfjm3w7f71.png?width=2732&format=png&auto=webp&s=e3706241ac0fd42b325acf4922eee2171edbd043) + +&#x200B; + +https://preview.redd.it/23konqc7w7f71.jpg?width=2732&format=pjpg&auto=webp&s=216d1a5414a10ec3a4cbc62b91336306949b2035 + +Vlad the Impaler sold 1,250,000 shares at $36.40, which amounts to $45.5m. This represents a grand total of **2.5% disposed.** + +**Sources:** + +1. SEC Filing (see footnotes): [https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=15125984&RcvdDate=07/28/2021&CoName=ROBINHOOD%20MARKETS,%20INC.&FormType=4&View=html](https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=15125984&RcvdDate=07/28/2021&CoName=ROBINHOOD%20MARKETS,%20INC.&FormType=4&View=html) +2. Nasdaq website (see Page 2): [https://www.nasdaq.com/market-activity/stocks/hood/insider-activity](https://www.nasdaq.com/market-activity/stocks/hood/insider-activity) + +*But he recently acquired 52m shares and disposed off 100m shares on Page 1 at non-open market? Well, I don’t know what the fuck Vladimir is doing here. I’m here to shit on* ***Unusual\_whales.*** *For what it is worth, I would still consider this insider selling/buying. It’s just on a “different exchange” - directly with brokers.* + +*It looks like Mr Vladimir is trying to hide (m\*\*k is censored by auto mod?) the sale of his entire holding.* + +Other Material Sales: + +* Chief Marketing Officer - **100%** disposal (99,884 shares at $35.28, over $3.5 million USD) +* Chief Financial Officer - **25%** disposal (125,000 at $36.40, over $4.5 million US) + +**Unusual\_whales is a Shill** + +[RestartingMyLife0918 with 85 upvotes:](https://www.reddit.com/r/Superstonk/comments/owg05j/vlad1_douche_canoe/h7fy3e1?utm_source=share&utm_medium=web2x&context=3) + +>Reminder that the entire unusual whales team was banned by reddit admins last year for shilling their service and they remade accounts to shill their product here again. Not saying OP is working for them, at least not knowingly, but they are doing nothing other than jumping on hype trains to help get their name spammed everywhere. Seems to be working. I see more unusual whales posts per week than any other twitter account. + +This isn’t my first encounter with this user. To provide further context since unusual\_whales seems to have a following here on Superstonk. They are actively selling a service. They bait you in with their Tweets, representing “free data” and then you’re hit with subscription offers for the full package. For as much as this subreddit likes to throw around the label “shill”, here you go. + +**Conclusion:** + +**I don’t give a flying fuck about what the boy from Bulgaria is doing, he’s pumping and dumping without a doubt. But I am finding myself having to play the role of ‘devil’s advocate’ a lot here - I think this community really needs to put aside confirmation bias and fact check and critically analyse anything we are presented with. It leaves us wide open to FUD.** + +**LinkedIn Users** + +We also hold up random LinkedIn users quite a lot here, just because they have a CFA designation and work in some unrelated role? + +*Just because of a CFA designation you say?* I have a CFA designation (almost didn���t given how brutal Level 3 was). It doesn’t make me an authority on corporate law and complex DTCC/NSCC market rules which are deep in legalese (that’s literally the entire profession of corporate and commercial law), actually it doesn’t even make me an authority on the concepts that are entirely unique to this stock in the run-up to MOASS and it’s implications. LinkedIn users just regurgitate DD, and his CFA study was **20 years ago, only things that remain behind are what you actively practice, usually through your job.** + +*Unrelated role you say?* He has spent over 20 years specialising solely in FX. FX markets are a totally different beast. In addition to that, he has had somewhat relevant role in Portolio Management starting from mid 2020, that too in a City council office in Canada. *Speculation: Either his Portfolio Management role is his first non-FX role for 20 years where he has a lot of catching-up to do or his entire holding over a designated FX Portfolio.* + +No, they do not provide ‘wider exposure to the DD’ via a professional platform. I’ve seen their connections and likes, it‘s fucking nothing outside of being recycled on here. + +Why do I say this? Because where we start to hold up LinkedIn users as authority (and I know that there are a lot of Ape that do), we begin to let in FUD slowly but surely: + +&#x200B; + +https://preview.redd.it/9ltki88cw7f71.jpg?width=1089&format=pjpg&auto=webp&s=ceccc2f6c93d2aefcf4714964557d6a8cea46cf2 + +Yes Peter, tell me more about the government intervention you speak of, ie the limitation of any squeeze and the designation of a ‘clearing price’. There are a few substantive arguments against this, and he tries to balance it with reference to what the DTCC and NSCC is proposing to do via \*market mechanisms (\*managing the squeeze themselves). + +But this is a) his interpretation of the proposals - see my point on the juggernauts of legal teams drafting these b) baseless speculation (of government intervention) that will be promoted as authority by Apes. These warrant separate DDs, but all I ever see is screenshots of this guy on Twitter and this subreddit. + +I actually had 2 friends read this and reach out to me separately, asking if regulatory intervention or “managed squeezes” are likely then wouldn‘t it be better to sell the shares before any clearing price. I didn’t know they followed Peter Hann CFA because I only gave them a link to this subreddit. They only came across on highly upvoted posts here. + +***EDIT:*** *As for my own disclosures, I have a direct financial interest in providing positive information relating to GameStop to enhance the possibility of a short squeeze.* + +*I also work for BlackRock. However, this does not relate to GameStop and I work for a UK entity with no involvement in this specific stock.* +Friend needs a car badly so I offered to sell her my used car for $2000, which is about what I paid for it, but it is worth about $4000. I was going to sell it as-is, and then this past week it broke down on me requiring about $900 in essential repairs and $1100 in highly recommended repairs to run safely. This sudden turn of events has really screwed the deal because if I sell it to her for the original amount of $2000, then its basically a break even for me. + +The friend is in a tight situation with money, she is living far from home (overseas), working $20/hr jobs to make ends meet and struggling. I am trying to be a good friend, but not let myself be taken advantage of. + + There are a few idea for how to move forward: + +1. Sell it to her for $2000, and I just get the money back I paid on repairs. +2. Explain the situation and propose around $3000, which helps me get back some money, but still a deal for her. All major repairs moving forward are her responsibility. +3. Offer to lease it to her instead, at an amount (<$150) that would just cover major expenses throughout the year that I would cover as the owner. She would just be responsible for gas, insurance, and oil changes. +4. Scrap the deal and just sell it to a stranger for around $4000. Don't they say, "never sell a car to a family member (or friend)."? + +Thoughts? +Im new to this sub. + +I recently came into a life insurance payout that supplied me enough money to pay off all my debts without having much left over. I haven't paid my debts off yet but I'm curious as to what I do now. + +How do you keep good credit history without very much debt? + What should I do with the money I was using to pay my bills? +Should I not pay it all off and maybe invest in something? + +Total amount received: 215,000 +Total debt owed: 170,000 + - House 130,000 + - Two cars adding up to 47k + - Add 3k just to be sure it all gets paid for +Current salary: 38k and my wife at 40k + +We are both 24 years old and both have good retirements supplied by our jobs but it wouldn't hurt to have more. No children yet. I'm in an apprenticeship which means I will get a small raise each year and eventually top out making 75-80k. She is a junior loan officer and also receives raises but will most likely quit or go part time when we have children. +I'm graduating from Vanderbilt University in May, and I've been accepted into a yearlong Master's program at Harvard Graduate School of Education. The program is a year long, and Harvard estimates the cost for the entire year to be $72,000. I already have $16,000 in student loan debt for undergrad and would have to borrow about $50,000 more to cover the cost for Harvard. Is it worth it? + +Some concerns: +I have no full-time work experience. +The program is a Master's in Education with a concentration in Language and Literacy, so not exactly a gold mine. +My original application was for PhD study in education policy, which is fully funded, but I was not accepted into that program. +My Bachelor's is in English and Psychology, so job prospects related to education are slim if I don't go. + +Thank in advance for all advice and suggestions. +I'm in my low 30's. I make about 65k and I owe about 120k student loans. I have about 10k saved up and I want to buy a condo for 75k. I live in new york and apartment rentals are very expensive. I've tried the rent vs buy calculator on the new york times and it suggests I could be much better off buying. + +Is the stepping stone strategy a good idea. I could buy this place build up equity and did a better place in 5 years. How much are closing costs in New York I hear they are about $5000 +So my 70 year old father is declining in health due to a dementia type illness. It is very likely that he will eventually need full time nursing care and or be moved to a nursing facility. He and my mother have some assets including some cash, two houses, and a vacant piece of land. All of the properties are in my mothers name already. My mother is very healthy and could live another 30 years and the real estate is part of their retirement planning. + +My question is this: + +Can Medicare force the sale of properties in my mothers name to pay for my fathers care? +So I'll give the shortest version of this possible. + +I had to move 401K funds from an old employer plan to a new one. I started the process back in early March. + +I initiated a 3-way call first calling my new plan provider sharing what I wanted to do. I then added my existing plan provider to the call. + +I know these calls are recorded typically and there would be a record with both companies of what was said and when. + +The agent from the new plan gave very clear and concise instructions to the existing plan provider with exactly how the check should be made out. + +Almost unbelievably, my former plan provider did not have an option for express shipping on my funds check. It was sent via standard US Mail which is mind-boggling to me. + +11 days later, the check arrives. It was made out incorrectly and my new plan provider could not accept it. + +I then conducted another three-way call and the agent for my new plan once again gave clear instructions on how the check should be made out and had the agent for my existing plan repeat the instructions. They of course had to issue a stop payment on the original check which took approximately 10 days. + +Just yesterday I received the correct check and used the app for my new provider to deposit the check. + +The existing company, charged me a $30 stop payment fee to correct their error. The replacement check was $30 less than the original one. When I received the replacement check, I thought about calling right away to address the issue but that only would have resulted in another stop payment order and another 10 to 15 days delay. After the funds have cleared with the new plan provider and they are showing as deposited in my new account, I will then address that with the former plan provider. + +For me, the biggest frustration here is not only the hours spent on the phone to deal with all this, but the loss of interest on my new funds not being deposited into my new plan. + + +The difference in professionalism of agents of the two companies was astounding. My former plan provider were at times difficult to understand over the phone. As well, I believe they were not always working in a call center as on one of my first calls, I could hear a TV and kids playing in the background. + +A couple of questions here: +What is the liability here, if any, for my former plan provider? + +Do I have any recourse? + +I am not mentioning the name of the former company here because I do not want to have this post deleted. If I am able to mention the name of the company, I absolutely will. + +A quick side note here, I have always believed that you catch more flies with honey than vinegar. I have used that approach throughout my life to receive fantastic service and exceptions to standard policy. I always treat people with respect. + +Thanks for the input here. +I was chatting with my friend the other day who started building a vacation home in Tahoe a couple years ago and finished recently. For those who aren't in the bay area, as covid unfolded many people who already had homes there escaped and worked remotely from their vacation homes in Tahoe. + +He just finished and decided to make the move permanent as he works in tech and can work remotely. Talking to him, it sounds like he has a number of neighbors who are the same (execs who work in SF in finance/law/tech) who've moved there permanently or intermittently spend time there. + +He's in his mid-40's so not quite "retirement age" and seems like he still wants to work remotely for Silicon Valley companies. However, he's not at the age where he wants to put his all into work -- he wants to enjoy life a bit. He has a partner and no kids. + +I figured there would be a number of people here who are in the same or similar situations (especially the SF/Tahoe connection). How have people found these experiences? On one hand, live in an oasis in the middle of nature seems fantastic. That getaway from the city. On the other hand, I can see it being a bit isolating with all my friends here at home. But I imagine you must make new friends with your neighbors and the local community. Do you end up missing the big city? + +He's holding onto his place in SF briefly but is planning to sell within the year, giving himself a bit of time to change his mind and move back. +The quote from Thomas Peterfry popped into my head this morning — “If the longs knew they had the right to demand their shares”, or something like that + +***EDIT:*** [***Here is the quote***](https://youtu.be/Yq4jdShG_PU?t=310)***.*** [***He starts talking about it here***](https://youtu.be/Yq4jdShG_PU?t=283)***.*** + +***I'm getting a lot of comments like, "who doesn't know they can exercise their call options. Remember that Peterffy speaks somewhat broken English.*** + +***Taking the word "knew" literally, I'm not convinced that MOST people knew they could do cashless exercise.*** + +***Or to be a little more nuanced, I don't think all the call holders knew or realized that as a collective, they represented another 200% of the float and that exercising would've caused the MOASS.*** + +***That's what the MOASS trilogy is all about. Retail is the catalyst, long calls are their own margin call.*** + +***And for anyone still saying he's talking about DRS, listen to the interviews, he's talking about call options and exercising the whole time. The quote is directly in the middle of him talking about exercising.*** + +***End Edit*** + +And then it clicked for me, he was talking about demanding shares for in-the-money calls — exercising calls. Maybe more specifically, retail didn’t know about cashless exercising or selling one call to exercise another. + +I don’t recall this being talked about in terms of calls. I distinctly remember months ago everyone talking about how this was a reference to DRS. I also don’t recall u/gherkinit citing Peterffy at all. I did a quick search on the 3 MOASS Trilogy Posts and only found two deep comments talking about it and they only had 47 and 10 upvotes. [Comment with 47 upvotes](https://www.reddit.com/r/Superstonk/comments/qxbzim/comment/hlbdkpo/?utm_source=share&utm_medium=web2x&context=3) by u/Doin_the_Bulldance u and [comment with 10 upvotes](https://www.reddit.com/r/Superstonk/comments/qxbzim/comment/hl95ffp/?utm_source=share&utm_medium=web2x&context=3) by u/[Branch-Manager](https://www.reddit.com/user/Branch-Manager/) + +In [this video at 1:24](https://www.cnbc.com/video/2021/02/17/interactive-brokers-thomas-peterffy-on-gamestop-hearing.html), Peterffy talks about 1.5 million \[in the money?\] calls. If the longs had repaid their margin debt and exercised their calls, the brokers would have to deliver 150 million shares purchased from the open market. This is on top of the 200% short interest which surely would have been margin called. A total of 290 million shares or over 400% shares outstanding or 600% float. + +Peterffy says 270 but I think he was rounding more than me. + +70M Outstanding + +50M Float + +140M Short (200% SI) + +150M in Calls + +Look at that. Calls are a bigger threat than shorts. Not only that, but the exercised calls are their own catalyst. They can’t just keep paying premiums to avoid buying the shares for exercised calls like they can with shorts. + +u/gerkinit is right about the leverage of options, about retail being their own margin call. + +~~I’m still looking for the video from Jan 28 where Peterffy says, “If the longs knew they had the right to demand their shares”. I can’t find~~ [~~this video~~](https://www.cnbc.com/video/2021/01/28/pro-watch-cnbcs-full-interview-with-interactive-brokers-thomas-peterffy.html) ~~without a paywall. I'll Link it if someone finds it.~~ + +**MOASS Trilogy by** u/gherkinit + +[Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[Book Two](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +[Book Three](https://www.reddit.com/r/Superstonk/comments/qzcag6/moass_the_trilogy_book_three/) +I started working towards FIRE before I even knew such a thing existed. My spouse and I have been saving at least a third of our income since the first moment we had income and now we're about 5 years from hitting our very conservative number (we want 40x) + +I wanted to discuss my tax strategy with the group, hopefully as a learning exercise for those who are just starting off and also as a way to see if I'm missing anything. + +When I started working, my savings plan was pretty simple "Max 401k, Max Roth IRA, save any other money I have in taxable accounts" When Roth 401k became an option for me, I used it when I felt I had extra cash flow and used traditional when I needed a little more cash flow. I didn't have any real plan for how to access my money when I retired, and now that the time is approaching I'm figuring it out. I'm especially worried about the period of time in my 40's and 50's when Uncle Sam wants me not to touch my retirement accounts. + +Anyhow, here's my situation: + +* Early 40's +* ~5 years from retirement +* $600k in taxable investments +* $1.25m in traditional retirement accounts +* $850k in Roth retirement accounts +* FIRE number of $4m and $80k-$120k yearly spending target +* I'll have 2 dependents for the first handful of years of my retirement + +*Ideally* I would have enough in taxable accounts to just live off of those until I hit 59.5 and can pull money from my retirement accounts without any overhead, but I don't think I'll have enough in taxable accounts, and even if I did, there are better choices for helping my money last longer via conversion to roth. I'm also pretty fortunate that my taxable accounts have all different sorts of capital gains, so I could take out some money that's 80%+ gains, while other newer investments are only 20% gains. So at least for a bit, I'll be able to choose how much gains I pay for a given amount of money. + +Before I get to my plan, here's the tool I used from AARP to confirm numbers (I'm also using the current year's number, but obviously I'd adjust to the actual tax situation in the year I encounter it): https://www.aarp.org/money/taxes/1040_tax_calculator.html + +**THE PLAN** + +My plan is to just not pay taxes (legally!) for the first ~15 years of my retirement. This has obvious advantages because money goes a lot further if you get to keep it all. + +**The Plan: Live on $100k+ a year and pay no taxes** + +The calculator above is our friend, but basically I can make use of the fact that long term capital gains tax is *very* low if you have a low income combined with the high standard deduction, child tax credits and a bunch of Roth conversions to control how little tax I pay (I plan to leave the money in the Roth for the minimum 5 years, but ideally until I run out of taxable accounts or I otherwise need to access it). For the first ~3 years while I still have two dependent children my yearly zero tax numbers look like this: + +* Convert $72k from traditional to Roth IRA. +* Sell ~$100k worth of investments that have ~$39k capital gains + +With standard deduction and 2 kids I will have an AGI of $111,000 and $85,900 of taxable income, $6000 in taxes and $6000 in tax credits. Total Federal taxes due: $0. + +Once my kids age out of being kids, if I want to keep paying $0 in taxes, I'm going to have to drastically cut back on my conversions. With no kids, I lose tax credits, so I can only convert the standard deduction amount of $25,100. But this has an amazing silver lining, since all of my taxed income would be capital gains and as long as total taxable income (after deduction) is under $80k, the long term capital gains rate is...0%!!!! If I can't or don't want to sell $80k of capital gains worth of long term investments, I can instead increase my conversion amount by how much capital gains I don't use and only pay the 10 to 12% rate on that extra money. + +So in years without dependents, I can live large on my taxable accounts, pulling $80k of long term capital gains while socking away $25,100 into my Roth. If my $80k in capital gains results in more than I want being pulled out of long term investments, I can just go and put the rest in another taxable account, having allowed me to zero out those capital gains for no cost! + +Results of this plan: $0 in taxes paid, ~$100k a year to live off of and approximately $500k moved into Roth. This should drain my taxable accounts (unless I get really lucky) but by that point, I can take out any of my conversions tax-free (as you can for all Roth contributions, see Roth Conversion Ladder for more information, although I won't be doing a standard ladder). + +**Advice for people starting out** + +Having a mixture of taxable, roth and traditional is really useful, especially if you are going to retire before 59.5. I feel like I really underfunded my taxable accounts, because that 0% capital gains hack is amazing for this period of your early retirement life. If I could do it again, I'd probably look for a more even split, 1/3rd in each. Of course, a lot of this depends on when you are going to retire. If you are retiring earlier, you'll probably want more taxable accounts. If you are retiring later, more roth/traditional accounts will be better. + +I feel like I'm rambling now, so let me know what you think, if you think I've missed anything or if you have any suggestions. Also play with that calculator, it is pretty great. + +**TL;DR**: If you can control where your "income" comes from, you can make use of the tax law to have a pretty good income while paying $0 in taxes, unlike those schmucks still working and getting w-2s. Also, this calculator is great for planning: https://www.aarp.org/money/taxes/1040_tax_calculator.html +$FE is a utility company based in Ohio that supplies electricity to three states. FE shares have plummeted recently due to a bribery scandal involving a subsidiary of theirs that they cut ties with a few years past. On the most recent earnings call, the CEO said that they acted ethically and no involvement in the bribery scandal. BUY THE DIP. It's a good chance to lock in a 5.5% yield on a safe utility. +My postions are DIS, T, AFL, KO, NHI, WM, TSLA, and CZR. + +Inherited an account without any knowledge, basically forced to sell it all from relatives who know nothing about stocks. After being left with cash I chose to get back to 10k. Which was the original value before the crash, this past week I have hit that milestone. + +Now what worries me is that basically a donkey could have picked companies to invest in at these lowes from spring. I feel like aside from dis (atm) Wm, and Crz.. aka eri. I don't have a very good portfolio for stability, and growth. I'm not in any etfs yet, and can certainly expand to more types of sectors. I'm not really sure on where to go from here, I've been blessed to be able to buy at those extremely low prices, how do you guys decide to buy into today's market without everything being discounted? + +My goal is to have this account make money by itself, would love suggestions. I definitely want to get into Spy and a few others. But still need to do a lot of learning. I feel like a solid 6-12 more positions could really make this a nice portfolio. +Hello. I have 10,000 dollars. I want to buy: SCHD - 25%, SPHD - 25%, DIVO - 25%, SCHY - 25%. How do you rate my choice? Have I chosen the right ETF and have I allocated the correct percentage for the purchase? +Hi all, + +My father has a 300K portfolio. He was recently diagnosed with dementia and I am taking over his finances including this portfolio. I am looking to create a well balanced and diversified portfolio that will generate passive income for my parents. I am looking for ETFs/Stocks that are not so volatile and pay consistent dividends (portfolio with a balance between low and medium risk ETFs/Stocks). + +Would appreciate your suggestions on a portfolio. My own portfolio is focused on growth stocks, so I am not sure how to build a dividend portfolio. + +Regards +My Grandmother is selling her home for 430k in Maryland, the place burned to the ground a few years ago and is basically brand new. She is gifting equity of 10% to me since I have just graduated and have no money to put down, my salary at my new job is 95k. The mortgage lender worked out that my mortgage would end up being almost $2200. Would it be a good financial decision for me to purchase it ? I'm just looking for advice or reassurance because I'm kind of a Mr.Krabs when it comes to spending money. I don't want to see the property leave the family either, its a great home in a great neighborhood. + +Thanks +So me and my partner have reduced reduced reduced. Sold the car, cancelled every membership, using parents or friends streaming services, basically not using heating. I don't have any debts, but my partner is on a debt management plan than has reduced this too as little as possible per month. We have stopped eating meat mostly(once a week we buy a different meat item) , dont have treats and just live off the very basics. Our rent is incredibly good, not possible to get anywhere cheaper in the city we live in right now. There's nowhere else to reduce from. Unfortunately slowly emptied out our saving trying to survive through covid job insecurity and the current cost of living crisis. + +We have both changed careers to something that within the next year atleast will become more lucrative for us, but in the meantime we just need an extra £150 a month to get through for the next few months. Any tried and true ways to do this, without putting in any money assests? There's plenty of ideas online, but when you are in the position we are in financially you can't really take any real risks/chances. + +To help with answering this question, we have a garden, a good laptop, tonnes of art equipment and are very creative and my parter also speaks French. We have maybe half an hour free extra a day each. As sometimes it's good to know what assets and skills are available to make that extra cash,.when you don't have any capital to invest. + +Edit: +For the people suggesting delivery, I don't have any form of transport. +For the people offering lawn mowing as a solution, I have my grandads 30 year old mower that noone wants tearing up their lawn. +For the people messaging me about sex work, you seems seedy and I have about as much value in the sex industry as my grandads mower has for lawn mowing. +For the people saying to get a part time job- to be more transparent about my situation I'm currently in a government assisted programme, to get graduates who struggled to get into work post pandemic into tech. So my intensive coding course is fully funded, but I can't take on any work as they would cut the funding. I could do something cash in hand illegally, but the judgement of getting caught doing this would not be great. Only got 3/4 weeks left so will be doing any work I can get as soon as its over aswell as trying to freelance. +Still very appreciative of the suggestions, just wanted to provide some clarity. + +Edit: surprised by how many comments here, not able to reply to all. But thank you so much for all the suggestions, going to sit down and figure out which are viable for us, there's gotta be something in there atleast . Honestly even an extra £5 means a lot too us right now so well worth a try. +Hi All! + +Just some background on a situation that my fiancé and I have found ourselves in. Looking for advice on how to handle. + +Late last year we were looking for an apartment to move to in a new city (about 5 hours away) and things were super competitive. We found out less than 2 months before our lease end date that we would need to vacate our current apartment at the time and really struggled to find the time to look for a new place as our work schedules were not consistent. This caused a majority of our search to be done online. + +Eventually we found a property that had great reviews, looked great in virtual tours, and had a unit coming available with a move in date listed on their website that matched our timeline. Both the unit number and move in date were listed and we fell in love with it, sight unseen. Out of fear of missing out on the unit, we immediately applied ($130 fee) and paid the necessary holding fee ($250) so that no one else would be able to apply for the unit. This was around Tuesday/Wednesday and we made plans to visit the actual property that weekend. + +A few days later (Thursday or Friday) we received an email back from the property informing us that we had been approved BUT there would be a 2-3 month wait list for any of the unit type (2 bed/2 bath) that we applied for. They attached a “wait list addendum” to the email that I refused to sign and immediately responded back stating that a 2-3 month wait would not be consistent with the timeline we had to move and that the only reason we applied for the unit is because their website had us under the impression the unit was available much sooner. + +I immediately demanded a refund from the apartment complex over email and received a response back from them stating: + +“I will put in a request for a full refund, Typically it does take 30-45 business days to get back.” + +This was on July 26, 2021. At this point, I was under the impression that the situation was over and resolved. + +Fast forward to a few weeks ago, my fiancé and I both receive a letter in the mail from the property manager’s collections office stating that we are being placed in collections for a total balance of $550 and have 30 days to respond before the debt is sold to a collection agency and reported to the credit bureaus. The odd thing is that a separate letter was sent to each of us demanding $550 and was sent to the same address. (If we applied together, I would assume that the letter would be addressed together). + +This letter prompted me to call their “collections supervisor” who signed the bottom of the letter. I immediately disputed the “debt” and asked for further explanation as to why we are being sent this letter and interacting with their collections department. + +The collector stated that the “debt” is owed as a result of the application and holding fee listed above and claims that a stop payment was placed on the ACH and caused the original application/holding fee to be returned as NSF. I do not recall doing this and I no longer bank at the bank I was at when this occurred but it is possible this is true (especially since I was quoted 30-45 bussiness days to have the fees returned). + +He also stated that some interest had been accrued but was unable to provide me an itemized list of the charges that make up $550 or explain why the letter was sent to us individually. I disputed these charges and explained our side of the story including forwarding him the email thread where a representative from the property informed me that a full refund would be requested. + +We ended the call and he said he would research further. Then earlier this week he called back and stated that they would be willing to waive the holding fee and all of the NFS/interest fees if we paid $130 to settle the account. He also stated that the representative is stating they never offered me a full refund and that it is my word against theirs. + +I am not sure how it is my word against theirs when I have a response in writing over email that I provided to them. I told the collector that I would talk things over with my partner as we had to think on whether or not we were interested in that offer. I haven’t spoken to them since (3-4 days ago). + +Just to clarify: this is not a collection agency or debt buyer, this is a collection department within the large property management company in which we applied for. + +What should we do? Should I accept their “settlement offer” and pay $130 just to get them to leave me alone? Do I have any leverage to be able to avoid paying them anything? It isn’t even about the money anymore, it is more so not wanting to reward them for their scummy practices. + +Really want to avoid this getting sent to collections or reported to the point that it impacts our credit. I am in the process of repairing my personal credit and my fiancé has perfect history. + +It really feels like a bait and switch when one move in date is listed on their website and another is provided over email once funds are received. If a later move in date or waitlist was disclosed online, we would’ve never applied in the first place. + +What should we do? + +TLDR: Apartment complex advertised an upcoming move in date online, we applied & paid holding fee only to be told there was a 2-3 month wait. We showed dissatisfaction and were offered a full refund. Nearly 8 months later we have been sent a collections letter demanding $550 (now reduced to $130) and we feel we owe nothing. Seeking advice on how to proceed without allowing this to have an impact on credit history. +**EDIT 2: WHITELIST IS NOW CLOSED -** Which basically means I will now stop monitoring this post for new addresses, doesn't mean you won't get a chance to mint one of these NFTs just keep an eye on the sub, I'll post an update about the minting process in the next few days. Whitelist will have first dibs, but there should be plenty left :) + +(Also, only those who followed the basic instructions of posting below or messaging the whitelistme account will be on the whitelist - apologies to everyone else, I know not all apes can read) + +&#x200B; + +**Edit1: RIP inbox once again! Love how hungry you are apes :) Hang in there as I finalize minting contracts and play around with different minting options (it's NOT proving to be easy), I've also still got art to finalize but hoping to enable minting by next weekend (unless we hit any major roadblocks). Whitelist is 3500+ addresses deep now, no rush to fill it to 10k, once live this can hopefully function as another incentive for apes to open up a wallet - the more new people we can bring in on the back of this the better :)** + +TL/DR: After distributing 1450 free NFTs to Apes ([OG post](https://www.reddit.com/r/Superstonk/comments/udubb3/you_get_an_nft_you_get_an_nft_everyone_gets_an/)) I'm back to reach more of you degenerate animals. To be added to the whitelist comment below with your wallet address and upvote the damn post for visibility. I'll send out an update when minting goes live. + +\- (sad monkey without enough Karma? Share your wallet address to join up here: [Whitelist Me](https://old.reddit.com/message/compose/?to=whitelistme&subject=My%20ETH%20Address&message=Paste%20your%20wallet%20address%20in%20here%2C%20preferably%20a%20GameStop%20wallet%20address%2c%20but%20any%20ETH%20or%20Loopring%20Address%20will%20do%21)) + +\- Don't have a wallet? [wallet.gamestop.com](https://wallet.gamestop.com) (works on Brave (or any chromium browser) if you don't like Chrome). Literally no excuse to not make a wallet. + +Alright so apparently clicking on a link and entering your wallet address was a step too complicated for you asshats. Of the 7500+ of you that saw my previous post, just shy of 500 did manage to follow basic instructions, YAY, but only 50 (WTF?) managed to upvote to help others see the post, and the rest just whooooshed . + +So back again, with the simple version. **Drop you address below,** I’ll scrape the comments and add you to the whitelist and ping you when minting is available. SIGH RETARDS SIGH, trying to give away free shit and immortalize this community here. Love you all - hit me up with questions in the comments and I'll answer/update main post asap. + +\# + +Meet the **Degenerate Collective,** minting should be live within the next 10 days <3\*\*:\*\* + +[10k unique versions of these degens are being created right now](https://preview.redd.it/w4fe7wnn21291.png?width=946&format=png&auto=webp&s=81a4329a40eae4ef944df01dd6b32ae5525ab574) + +**What?** + +Hi everyone – going round again with a free NFT drop. Over the last month I dropped 1450 NFTs to Suprstronk users, demand way exceeded that (by over 1000 wallet addresses) but it was a hugely labour intensive and slightly expensive process so I'm changing tack a little. I love all the love I got, I love how much people leaned in, and now it's time to go bigger! + +Since the GameStop wallet launched I’ve been receiving a whole new influx of requests for NFTs, so clearly there is a demand for NFTs to represent this community, as a token of GME hodling, and just generally to ease ourselves into this space ahead of the marketplace launch. + +So I set out creating a new NFT collection that was easier to scale and distribute, I’ve got 10k NFTs incoming to distribute to this community. Examples of art above. But basically a collection of Apes, Bulls, Bears, and Goats with meme-traits inspired by this community and our favourite Stonk. + +Over the next week or so I should be ready to open minting, but while I finish artwork and programming I’m opening the “whitelist”. The whitelist will unlock the opportunity to mint one of these NFTs for yourself. + +**Minting? (THIS MEANS YOU'LL NEED TO PAY A GAS FEE :O BUT YOU SAID FREE!?!!)** + +This is a hugely important point and it's where this project is different from my previous initiative, so pay attention! For the SuperStonk Ape ID collection I took on all costs, making it a 100% free drop, I paid for gas to mint and gas to transfer NFTs to your wallets - some really generous apes dropped me a donation, but in total I spent over $500 (in today's LRC value) and a shitton of time of my own. I'm only sharing this to highlight it's not sustainable for me to keep going with that approach. + +This drop will work differently, I still need to spend some gas to mint the contract and get things going, but each unique NFT (and each NFT will be a 100% unique copy of 1) will need to be minted by you yourselves (it will be a super simple process, no complicated skills required :) Just connect your wallet, hit a minting button, and sign the transaction) which means you will need to pay the gas fee. Exact details will come with launch, and gas prices will fluctuate, but there will be a fee (remember gas fees don't go to me, they go to the miners who operate the network). + +**Why would I want an NFT?** + +Simplest reason: a token to undeniably show your affiliation with this community, you were here before MOASS, you like the stonk, and you love this community. + +One of the coolest basic things I can imagine is using them as your profile picture on [nft.gamestop.com](https://nft.gamestop.com) (or elsewhere) when it goes live to make it super easy to identify fellow SS Apes. + +The opportunities are theoretically pretty vast (like community governance, digital access passes, unlocking other assets - but this is all wishful thinking that will require a lot more work, so nothing that will be realistic in the near term (although I am working on a basic game and evolution mechanic, that I think is entertaining, more on that soon) - a man likes to dream though, and noone is entering my post-MOASS bar on Uranus without one of these NFTs). + +**You're not meant to sell these.** + +I hope there's some perceived value in receiving free art with meme traits lol (I know there will be the "BUT UTILITY" crowd, I'd argue there's huge innate utility and unlockable utility in a community token - it just needs to be built, and it doesn't need to be there from day 1) . If anyone ever decides to sell one of these, which why the fuck would you, I do take 6.9% (\*nice) royalties as encoded in the metadata. I don't like the idea of anyone trying to make money off the back of this in any way, but if someone is dumb enough to sell one, I'm going to take my cut. I'm not here to make money (anyone who wants to help an Ape out, more than welcome to tip maarten.loopring.eth, but 0 expectation) + +But the most basic point of these is that they are for you to help others identify you are part of this community, they're not some profit making scheme, they're not a ticket to the moon, there the "I rode the MOASS rocket and all I got was this fancy JPEG". + +I'll drop another post when minting actually goes live, but here's an opportunity to be early (I know lots of people missed the last drop, for which I apologize, there was simply tooo much demand!). + +**To join the whitelist simply post your wallet address in the comments (and drop an upvote for visibility)** + +&#x200B; + +LOVE AND MOASS <3 + +And in case you didn't see the OG NFT drop, find the post here: [https://www.reddit.com/r/Superstonk/comments/udubb3/you\_get\_an\_nft\_you\_get\_an\_nft\_everyone\_gets\_an/](https://www.reddit.com/r/Superstonk/comments/udubb3/you_get_an_nft_you_get_an_nft_everyone_gets_an/) + +The OG Superstonk ID collection featured these handsome guys: + +https://preview.redd.it/sokv51cj31291.png?width=945&format=png&auto=webp&s=b2351b5368e4ec3a3a8a4f05f416ccf628a7b9b5 + +Follow this new project on Twitter here: [Fancy JPEG (@Fancy\_JPEG) / Twitter](https://twitter.com/Fancy_JPEG) + +Per request dropping my wallet address here for those that feel inclined to support the project (although 0 expectation of any donations or anything like that, it definitely won't impact your whitelist spot): maarten.loopring.eth + +<3 +I bought an apple watch from Walmart fairfax, va store# 5880 yesterday as a gift. I saw the dude take out the box from the locked cage wrapped and all. So i assumed that it was the original product. I went home and gave it to my dad and he opened it. Then there it is, a fake apple watch. I do have an apple watch so i know the difference between the 2. It didn't came with the correct charger, missing a band and no serial number on the watch itself. I tried to charge it but it won't even connect to an apple watch charger. So I went back to walmart and explained what happened. They told me that the box was sealed and won't give me a refund. I already called apple about this and gave them the serial number (obviously they can do anything about it and referred me back to walmart) and i looked it up myself as well. It says that watch wasn't activated. I looked up this kind of incident on google (thanks google) only to find out that it also happened to other people. + +I tried to call walmart corporate. They only scheduled me for a call back from the store manager (the store doesn't even have a manager). + +It was a $300+ watch. All i want is my money back. I don't know what to do at this point. If you guys can give me any suggestions, i'll appreciate it. I'm never going to buy at walmart again. Lesson learned. +I think a lot of new, young investors that got caught up in this whole short squeeze, f\*\*\* the hedge funds debacle are going to leave with a skewed view of how investing works. Even before all of this went down I was, and still am, really interested in the fundamentals of valuing a company or industry and making an informed investment decision based on my own research. I still don't know the full extent of the ramifications this will have on the markets and investing going forward but regardless, this served as a prime example (for me at least) that it isn't always worth jumping on the bandwagon even if there seemingly is no downside potential. + +However, the greater lesson for me is learning to exercise restraint and caution. With social media having so much power and influence over people it has really stressed the importance of understanding each investment you make and being intentional with your decisions. I was fortunate enough to come out of all this with only a small loss and I feel additionally fortunate that I didn't have enough capital to turn this valuable learning experience into irreversible financial damage. I understand investing isn't for everyone and some people just came in to make a quick buck (which is also okay), but I still encourage you to learn the ropes and look past the bullshit as it can be a valuable skill to have in the future. + +Thank you to everyone on this subreddit, among others, that took the time to educate us new investors by breaking things down into understandable and digestible concepts. I think it saved many of our asses, including mine in the process! +https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html + +The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. + +In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed began using the overnight funds rate as the principal tool of monetary policy in the early 1990s. + +While the fed funds rate most directly impacts what banks charge each other for short-term loans, it feeds into a multitude of consumer products such as adjustable mortgages, auto loans and credit cards. The increase takes the funds rate to its highest level since December 2018. + +Markets largely expected the move after Fed officials telegraphed the increase in a series of statements since the June meeting. Central bankers have emphasized the importance of bringing down inflation even if it means slowing the economy. + +In its post-meeting statement, the rate-setting Federal Open Market Committee cautioned that “recent indicators of spending and production have softened.” + +“Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low,” the committee added, using language similar to the June statement. Officials against described inflation as “elevated” and ascribed the situation to supply chain issues and higher prices for food and energy along with “broader price pressures.“ + +The rate hike was approved unanimously. In June, Kansas City Fed President Esther George dissented, advocating a slower course with a half percentage point increase. + +The increases come in a year that began with rates floating around zero but which has seen a commonly cited inflation measure run at 9.1% annually. The Fed aims for inflation around 2%, though it adjusted that goal in 2020 to allow it to run a bit hotter in the interest of full and inclusive employment. + +In June, the unemployment rate held at 3.6%, close to full employment. But inflation, even by the Fed’s standard of core personal consumption expenditures, which was at 4.7% in May, is well off target. + +The efforts to bring down inflation are not without risks. + +The U.S. economy is teetering on a recession as inflation slows consumer purchases and dents business activity. + +First-quarter GDP declined by 1.6% annualized, and markets were bracing for a reading on the second quarter to be released Thursday that could show consecutive declines, a widely used barometer for a recession. The Dow Jones estimate for Thursday’s reading is 0.3%. + +Along with rate increases, the Fed is reducing the size of asset holdings on its nearly $9 trillion balance sheet. Beginning, in June, the Fed began allowing some of the proceeds from maturing bonds to roll off. + +The balance sheet has declined just $16 billion since the beginning of the roll-off, though the Fed set a cap of up to $47.5 billion that potentially could have been wound down. The cap will rise through the summer, eventually hitting $95 billion a month by September. The process is known in markets as “quantitative tightening” and is another mechanism the Fed uses to impact financial conditions. + +Along with the accelerated balance sheet runoff, markets expect the Fed to raise rates at least another half percentage point in September. Traders Wednesday afternoon were assigning about a 53% chance the central bank would go even further, with a third straight 0.75 percentage point, or 75 basis points, increase in September, according to CME Group data. + +The FOMC does not meet in August, instead gathering in Jackson Hole, Wyoming for its annual retreat. + +Markets expect the Fed to start cutting rates by next summer, even though committee projections released in June show now cuts until at least 2024. + +Multiple officials have said they expect to hike aggressively through September then assess what impact the moves were having on inflation. Despite the 1.5 percentage point increases between March and June, the June consumer price index reading was the highest since November 1981, with the rent index at its highest level since April 1986 and dental care costs hitting a record in a data series going back to 1995. + +The central bank has faced critics, both for being too slow to tighten when inflation first started to accelerate in 2021, and for possibly going too far and causing a more severe economic downturn. + +Sen. Elizabeth Warren (D-Mass.) told CNBC on Wednesday that she worried the Fed hikes would pose economic danger to those at the lowest end of the economic spectrum by raising unemployment. +&#x200B; + +https://preview.redd.it/4ns2wylkfbe71.png?width=1600&format=png&auto=webp&s=16148f945d81819d22ecdf268daca0844a2226db + +Good Morning Apes, + +Thursdays are usually a slower day but man was it slow yesterday, I think I only found 1 interesting post for 6 hours after I posted the daily. + +https://preview.redd.it/bovf39hlfbe71.png?width=680&format=png&auto=webp&s=6e5c79ace12621101ce26fbb600f328b81eab31a + +&#x200B; + +Edit My work schedule has been changed from evening to morning which means I will not be able to upload the Daily Stonk in the morning at the same time as I can't use drafts on my phone. + +# The Daily Stonk will be moved up by 6 hours to when I get home, that is about 1 hour after the markets open, starting Monday. The Daily Will also continue as a group effort if you have missed it. + +&#x200B; + +# [🔴Daily Reverse Repo Update 07/29: $987.283B🔴](https://www.reddit.com/r/Superstonk/comments/ou1siz/daily_reverse_repo_update_0729_987283b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/i33d7ui2dbe71.png?width=700&format=png&auto=webp&s=81159c2fe511df60dd882f31e37f1e7763b58587) + +&#x200B; + +# [After my Terminal post yesterday, I checked again today. The new options that appeared disappeared...??? What happened?](https://www.reddit.com/r/Superstonk/comments/otxj0x/after_my_terminal_post_yesterday_i_checked_again/) - [u/Ravada](https://www.reddit.com/user/Ravada/) + +[credit to u\/Ravada](https://preview.redd.it/w91snr0tdbe71.png?width=1918&format=png&auto=webp&s=297777b2b57d1a2d9e2b1bb990458edf7c1f5495) + +So yesterday [u/TuaTurnsdaballova](https://www.reddit.com/user/TuaTurnsdaballova/) found 1M put option on the Bloomberg terminal but they seem to have disappeared now and been replaced by 540k put options from credit suisse hedging-Griffo another Brazilian hedge fund owned by credit suisse, very strange, was it another bug? or something else? that said I feel like something like this has happened before but with something else and was debunked so be careful with these terminal snapshots and take a second look into the records. + +&#x200B; + +# Gary Gensler tweeting about GME + +[HOLY SHIT!](https://www.reddit.com/r/Superstonk/comments/ou1hdr/holy_shit/) \- [u/theshamanist](https://www.reddit.com/user/theshamanist/) + +[credit to u\/theshamanist](https://preview.redd.it/4r12zzl4dbe71.png?width=640&format=png&auto=webp&s=ad8b377445fe640628f04b59eb4e2dcba495fdd0) + +&#x200B; + +Gary Gensler also made a follow-up tweet that not many saw In [his second tweet](https://twitter.com/GaryGensler/status/1420791000692371458) he links his congressional hearing testimony from may [https://www.sec.gov/news/testimony/gensler-testimony-20210505](https://www.sec.gov/news/testimony/gensler-testimony-20210505) + +[People are missing the point of the Gary Gensler tweets and there is more to it than meets the eye, just like Ryan Cohen. Let me explain.](https://www.reddit.com/r/Superstonk/comments/ouaxaq/people_are_missing_the_point_of_the_gary_gensler/) \- [u/apegoneinsane](https://www.reddit.com/user/apegoneinsane/) + +apegoneinsane goes a bit into the may testimony and that "he can’t go around showing his hand too early". + +&#x200B; + +# [Quick, Simple Game that explains how SHFs are staying alive and spreading risk to avoid margin calls, and why the MOASS will likely be very obvious when it happens](https://www.reddit.com/r/Superstonk/comments/oty1f2/quick_simple_game_that_explains_how_shfs_are/) - [u/Blanderson\_Snooper](https://www.reddit.com/user/Blanderson_Snooper/) + +Blanderson\_Snooper made a simple analogy about how SHF keep delaying the MOASS. + +&#x200B; + +# [Hybrid Markup Part 2](https://www.youtube.com/watch?v=1sljE4-Big4) + +[ATTENTION APES!! Important congressional hearing taking place right now about Payment for Order Flow with the House Committee on Financial Services! SEC is complicit and being held to the fire by a few politicians. 💎🙌🦧🚀🌜](https://www.reddit.com/r/Superstonk/comments/otz89k/attention_apes_important_congressional_hearing/) \- [u/mymorningjacket](https://www.reddit.com/user/mymorningjacket/) + +This is the second part of a 3 part congressional hearing which is a continuation of the “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide." series. + +&#x200B; + +# [GameStop mentioned in new Credit Suisse filing about Archegos](https://www.reddit.com/r/Superstonk/comments/ou879r/gamestop_mentioned_in_new_credit_suisse_filing/) - [u/starcasmnet](https://www.reddit.com/user/starcasmnet/) + +[credit to u\/starcasmnet ](https://preview.redd.it/v077bblmbbe71.png?width=640&format=png&auto=webp&s=98a81122ac2b5a8d51c964676cb3cb77042d970a) + +Sounds like Credit Suisse was really close to being margin called (not liquidated) back in January during the runup. + +&#x200B; + +# [Finance Commitee Approves Bill to Increase Family Office Oversight](https://www.reddit.com/r/Superstonk/comments/ou9282/finance_commitee_approves_bill_to_increase_family/) - [u/fewdea](https://www.reddit.com/user/fewdea/) + +Now I don't know if this means the bill has passed to be implemented or if it has been passed to be sent to be voted on by congress. + +&#x200B; + +# [BROADCAST 07/29/21 In this APENEWS Special Update: Only 3 Representatives fought against Maxine Waters' proposed market transparency bill in relation to the GameStop shorting situation. Those same 3 representatives received campaign contributions from Ken Griffin and Steve Cohen. Coincidence?](https://www.reddit.com/r/Superstonk/comments/oubvwm/broadcast_072921_in_this_apenews_special_update/) - [u/GlassGoose4PSN](https://www.reddit.com/user/GlassGoose4PSN/) + +You can find links to the campaign contributions in their post. + +&#x200B; + +# [37% of NYSE Order Types "Dark" in June 2021](https://www.reddit.com/r/Superstonk/comments/otyfcq/37_of_nyse_order_types_dark_in_june_2021/) - [u/jsmar18](https://www.reddit.com/user/jsmar18/) + +jsmar18 found an anomaly on the NYSE where 37% of order types In June were Dark Primary Pegged orders from a previous 0%, the total orders shown resulted in over 100% jsmar18 says it might or might not be an error. + +&#x200B; + +# [Evergrande is nearing bankruptcy; Chinese stock and bond markets tumble](https://www.reddit.com/r/Superstonk/comments/otz1kh/evergrande_is_nearing_bankruptcy_chinese_stock/) - [u/peruvian\_bull](https://www.reddit.com/user/peruvian_bull/) + +China has been having trouble with a housing bubble for some time now and the situation with evergrande could cause risks in the global financial markets, this isn't very relevant to GME besides adding instability in the market so you could probably skip it if you want to. + +&#x200B; + +&#x200B; + +https://preview.redd.it/ph793etofbe71.png?width=554&format=png&auto=webp&s=adfe8b00aea5afab5ee4ea73ccfe5de961e1a49d + +EXCELLENT! + +**Be friendly, help others!** + +As always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +Ape don't fight ape, apes help other apes! + +**This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +**There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.** + +We don't care, just be nice and let's make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +Edit My work schedule has been changed from evening to morning which means I will not be able to upload the Daily Stonk in the morning at the same time as I can't use drafts on my phone. + +# The Daily Stonk will be moved up by 6 hours to when I get home, that is about 1 hour after the markets open, starting Monday. The Daily Will also continue as a group effort if you have missed it. +I was hoping someone could tell me what I can do to help him. He has ~40,000 just sitting in his bank account. He was never really too financially savy but after hearing about my ROTH IRA he became interested in them. Would a ROTH or Traditional IRA be beneficial or should he look elsewhere? The bank has a really low interest rate on his savings so he wanted to put it into something that could at least gain value for around 10 years. +I only started thinking about financial independence (FI) when I turned 30. From that point forward I was obsessed with that very thought of being financially free and not having to work for a living. I remember driving to work on weekdays and seeing some people playing a round of golf in my neighbourhood while I was focused on making it into work on time. Now I do understand that not all those people were financially independent, but just the thought that some might have been was enough to get me thinking what it would be like having that freedom and I started working towards it. + +Fast forward about 15 years …and I'm now at the point where I've reached financial independence (44yrs) through real estate investing and to be honest with you, early retirement scares me. I could be one of those people playing golf while watching those people driving their cars going to work and hoping they will make it on time. (full circle, it seems). This is a very short post, and I haven't gone into much detail about it but I've concluded that being financially free is great but it is not everything, I find that it's setting goals and working towards achieving them that makes me happy. Looking back I think that it's the work it took to get to FI that made me truly happy. Being productive and doing what you like, and I also understand that for some people, going to their work as an employee truly makes them happy because they are passionate about what they do. I've heard that this applies to about 1/5 of the workforce and I certainly wasn't part of that group. + +I don’t know why but now that I've reached this FI point, it is not as appealing to me anymore, I don’t have the urge to retire early mainly because I want to set other goals. Perhaps this is retirement if you look at it this way. Doing what you enjoy while not having to work for someone else and having the time and resources to do it. + +Just wondering if anyone of you who have reached FI, and felt this way and what were your conclusions? +Who would I talk to about this? Am I even able to receive any backpay? The termination itself was uneventful: I had put my two weeks in, and they decided instead to just fire me a week before the date I gave them. It obviously makes sense for them to fire me at the end of my shift, but when they escorted me out of the building, I figured my old boss would fix my time in the time system. One missed day of pay isn’t the biggest thing in the world, but I do feel like they took advantage of me + +EDIT: I totally forgot about this part, my apologies. After a closer look at my pay stub, it turns out I did get paid the correct amount of hours. So my boss actually did go back and fix my time on my last day. + +However, I had called out sick the day before, with sick time to cover my shift, and THAT was the 8 hours they didn’t honor. +When a stock you planned to wheel is deep underwater but you don't want to eat the loss, do you sell way OTM (5 delta?) weekly or bi-weekly calls to scrape a few bucks a month? Or do you just put it aside and focus on other plays? +I have a very small $1000 account and am trying to grow it to $25k over time so I can switch to a margin account and not have to deal with PDT. I use half my account each day so it settles in 2 days (webull) and I can trade every day. + +Has anyone grown a small account into an account where they can “truly” day trade in this sub? If so, any advice? There are just SO many advantages to not having to deal with PDT. + +Having to abide by it makes me feel more pressure on each trade, so I try and get the maximum. Or try to go too big and do just one trade a day with half my account. Then if the trade goes south I don’t want to take my loss and lose a day, so I find myself holding which we all know is BAD, BAD, BAD! I know consistency and patience are they key. 25k just feels REALLY far away. My goal is to do it in a year. I’ve tried options A LITTLE BIT as well with ok success, but as we all know, they can be dangerous, so I try to stay away from them. + +Open to strategies that work with smaller accounts. I know a lot of people have some consistent SPY strategies that I’ve seen work well with small accounts. + +I know most answers are going to be to find what works for me, be consistent, be patient, and use stops to protect my account and live to trade another day. So maybe I’m just looking for confirmation and good strategies people have used in the past, or still use. haha. + +But open to any advice, and thanks ahead of time! +I don't know about you, but Monzo need to f*** off Shoving their Plus and Premium accounts down my throat! + +I get that they have to make money, but I don't want to see a teaser advertisement promoting the different accounts at the top of my spending summary list everytime I log on! + +It's depressing enough having to look at how little money I have, nevermind the constant advertisements! +So, as someone who knows a thing or two about shame, I'm alarmed at how much pure shame there is flowing around Reddit financial subs of late. + +I mean, fuck, the only place with a healthy relationship with shame is... WBS. I'm not a frequent visitor or subscriber but I checked in last night and was impressed \[by their relative comfort around failure\]. + +Other subs are inundated with posts from people too ashamed to offload to friends and family, and other posts admonishing new investors for their shameful 'greed' and unrealistic expectations of the market. + +This ain't good. + +In the realm of human emotions like worry, anxiety, doubt, and fear, shame is on another planet. + +Shame plays in the same park as love and goes to the same school a sadness and grief. Clearly, I'm oversimplifying but it's a generalisation that gives some context. + +Shame can last a lifetime and define who you think you are. It's a complete waste of energy and hugely destructive. + +\*\*What breeds shame?\*\* + +Well, we judge our own actions in two ways: + +\- I've \_DONE\_ wrong. + +\- I \_AM\_ wrong. + +Shame is about feeling that, because of a decision you've made, you ARE wrong. So in our stocky, optiony world, you feel shame at BEING a bad/greedy/impulsive investor. + +And on Reddit, you'll read a lot of posts full of savage comments about basic decision making from strangers without knowing their full story or the mistakes they themselves have made, or why they're pouring their scorn onto the interweb late at night... are these really the places you want to validate or seek comfort for your shame? + +Often, vicious comments only cement the shame you feel. + +To be clear: DOING wrong does not mean you ARE wrong. It means you fucked up. + +And that's great because fucking up is part of learning and putting yourself out there. You literally cannot succeed if you are not willing to fail. + +Want proof? Look at any entrepreneur, athlete, artist, musician or actor and try and find one ounce of the fear of failure. Heck, TED talks are basically just amazing people giving their epic stories of failure before success. + +\*\*How do you overcome your shame about losing money?\*\* + +Be fucking vulnerable. That's how. And compassionate when other people are vulnerable. + +Believe me, there is nothing that shouts personal strength like telling someone you fucked up. Tell your wife, your mum, your best mate, or, yes, strangers if you like - although that's a gamble. + +But for Christ's sake, don't bottle it up. We've all made bad decisions. Loads and loads of them. + +Fail big. Tell people. Move on. + +And shoot me a message if you want to offload. Or just to tell me to shove it. I'm easy. + +Edit - clearly I cannot format a Reddit post. I'm not changing it. +Listen up. It's hard for a gay bear to say no to some BB; however, I miss the good quality bear posts and I'm not taking any more of the glittery $BB DD lying down. This post is a critique of positive remarks made about BlackBerry QNX. This is not financial advice. Welcome to the casino. + +tl;dr QNX is not high-tech, isn't primed for crazy growth and isn't something that can milk a monopoly position. 🌈🐻 + +The retards with their bullish DD for $BB are getting off on explaining RTOS, the impenetrable security, the moat of standards, QNX's usage count, the EV & autonomous car revolution, and IVY. All of these points are weak and don't combine to create a strong bundle of sticks. + +**RTOS** +Stop throwing around the term RTOS like it's magic. An RTOS is just OS that lets tasks ask to be run within a certain time. Engineering students spin up basic RTOSs in half-semester courses. Sure QNX is going to be vastly more complicated than a student project, but stop throwing around "RTOS" like it's secret tech. + +**"It's so secure!"** +Known vulnerability counts of a software can be low for non-flattering reasons: the software is not open-source, no-one cares to hack it, there arn't many features and the software doesn't change fast. I think that the autonomous and EV progress will increase scrutiny of automotive software and we will start to see some QNX bugs. In addition, the pressure on QNX to start adding features faster will also bring some bugs. Random speculation: I bet that there are some zero-day vulnerabilities of QNX known to organizations like the NSA. + +**"But QNX has a moat! Look at all these safety standards."** +These safely standards are a shitty moat that will backfire. +In general, I think safety standards for software are a joke. Check out this [PDF guide to ISO 26262](https://www.feabhas.com/sites/default/files/2016-06/A%20quick%20guide%20to%20ISO%2026262%5B1%5D_0_0.pdf). The standard focus on, among other things, to "use style guides" and "use naming convection" and "restrict coupling between software components". The whole standard seems like a joke. + +One illuminating document I found titled "Tesla comments on the cyber security regulation interpretation document" ([source](https://globalautoregs.com/participants/409-tesla)) is Tesla making recommendations on how to update the W.29 standards. It has the following passage: + +> "We believe the current regulations and interpretations extensively consider the context of a traditional OEM "model-year" release rate, but do not factor in the perspective of a company that releases software at a faster rate than once or twice per year - similar to the model used by every other modern internet-connected consumer device. The current regulations and interpretations do not fully consider the overhead introduced to a manufacturer that releases software at a frequent pace. We believe is the direction the entire industry will move in, especially to address security and safety considerations. Any requirement to submit documentation, or wait for approval, for every individual software release will compromise velocity and agility; and works against the goals of a cyber security strategy. The regulation should be designed so it is based on evaluation of the manufacturer's internal processes, appropriate records of activities, and trust between manufacturers and authorities." + +Claims that Tesla is having difficulty passing these standards carry truth but are misguided; the standards are archaic and don't fit with modern software development and Tesla is contributing to these standards being rewritten. + +**"Look at the 175 million vehicles using QNX!"** +Is this an argument for growth or for a monopoly? An argument for growth shouldn't be "QNX already has a large % market penetration". In comparison, the growth argument for EVs and self-driving cars is that there are hardly any now, and in 30 years most cars will be EVs with self-driving capabilities. If QNX has X% of the market now, I need evidence for why this will grow. Instead, if you are arguing that QNX has a monopoly, this also seems flawed. A quick google finds other companies have automotive platforms, such as GreenHills software which claims also to be "Proven in Hundreds of Millions of Vehicles" and also meets the standards such as ISO 26262. + +I'm pretty sure nearly every car released in the last 20 years runs an OS of some sort. It's used to run tasks like like controlling the breaks, turning on your window wipers, lights, sound etc. RTOS is already a fundamental requirement of cars. Saying things like "EVs and self-driving cars means BB to the moon" is like saying we should invest in air bag companies because of strong growth of EVs and self-driving cars. + +**BlackBerry IVY** +I don't get how this is huge news. The press release is vague on the details. What actually is BlackBerry contributing here? What does BlackBerry get? 50/50 of what? Amazon wants everyone using AWS and will be happy to make deals to get people onto AWS. My guess is that AWS just needs a partner to figure out a good way to design some good APIs for car data. BlackBerry will be useful to AWS for a few years and then discarded. + +**Talent** +Bullish $BB DD doesn't even cover this, and it's probably one of the most important factors. A software companies long term advantage is it's strength to attract top talent. I don't see BB being able to compete in this game at all. I encourage people to check out some of the reviews of [BlackBerry QNX on Glassdoor](https://www.glassdoor.com/Reviews/QNX-Software-Systems-Reviews-E9037.htm). It seems that most employees enjoy working an QNX but think that the parent company BlackBerry is dragging them down. Poor QNX doesn't even have a separate careers page—you get redirected to BlackBerry's career page which mixes all of their departments together on one page. Furthermore, looking at LinkedIn profiles of [current BlackBerry QNX employees](https://www.linkedin.com/company/blackberryqnx/people/) shows that the developer workforce is heavy on the old-guard and doesn't seem to have much young top-tier talent. If $BB can moon, maybe it can attract more talent, but currently, I think talent is going to be a serious issue for BlackBerry QNX. + +**Parting sentiment** +QNX will either continue to be a low level RTOS that moves your window wipers, or they will be squeezed-out as car companies or companies like Cruise or Deep Scale develop their own low-level OS or use an open-source one. I bought BB in the hype and I think there is a strong case for it being undervalued, but I place a low probability on BB becoming some automotive superstar based on QNX. + +Position: I have 160 BB shares. + +Edit: emoji +Edit 2: links for LinkedIn and Glassdoor. +Edit 3: a lot of you retards overlook arguments and base your opinion solely on me getting high on GME. I love wsb and I don’t want it becoming more of an echo chamber. I wrote about BB as I’m familiar with running software companies and the bull DDs for BB are cringe. I know nothing of retail businesses and I definitely worry that this has made me susceptible to one-sided GME hype. +I cannot imagine the number of violent and legal threats DFV has received throughout this process. He has been openly mocked, threatened, and even aggressively challenged by an active senator. His intelligence and conviction are impressive. To be clear, I am not in GME because of him. I just like the stock. But I am impressed by his level of resolve. After this is all over I genuinely hope that he has the happiest life somewhere. He has helped bring attention to the mass inequality that exists across socioeconomic lines, and m ore impressively, he has done so by merely having conviction about a singly security in which he believes. The same goes for Rensol, Pixel, Redchessqueen, Wardenelite, and the countless others that have stuck their necks out for the causes in which they believe. To be clear, those causes include the opportunity to trade fairly in a truly free and equitable market. That will help reduce national and even global inequality directly. +Hey, i'm not so much interested/ worried about money but more of a job/career that i won't really have to do anything/is really easy without being boring? +When my teacher for my college English class asked us to do an argumentative research paper over anything we want, I chose to do it over GME, here is the result. I believe this is a great way for those who are not as informed to learn about GME and the manipulation behind it. Any criticism will be nice, I am very smooth brain. I just like the stock. +Thanks to my brother u/Phyduex2000 for his help! + +There is an absurd amount of market manipulation happening every day in our economy, this is going to lead to a market crash. There is no greater way to show this manipulation than to look at Gamestop stock (GME). This stock manipulation has caused this stock to rise and fall like never seen before (NASDAQ, GameStop Corporation Common Stock (GME) historical data), having record highs for the company and then dropping only to come back up in a matter of hours. This issue can cause the economy to become unstable, stocks are not supposed to act like this naturally, this issue is due to manipulation. Although many stock analysts are stating that the Gamestop ‘’Short Squeeze’’ Is over, the big players are using different methods of market manipulation to delay the inevitable market crash / short squeeze. + +As mentioned, big players are trying to cover this up. Many stockbrokers are working to stop this “short squeeze” from happening, there is no greater example than Robinhood. Robinhood removed the buy button from GME during the first squeeze (Elon Musk + Vlad Tenev on the Good Time Show), where it jumped to over four hundred dollars (NASDAQ, GameStop Corporation Common Stock (GME) historical data). Not to mention the week of January eleventh, over 600 percent of the GME float was traded off of the market, the following week over seven hundred 46 percent, and the week after that over 855 percent (Finra.org A vibrant market is at its best when it works for everyone. ). To put that in perspective, a stock's “float” is the number of shares available to public investors (retail investors). These were traded off into dark pools, a dark pool is a “private exchange for trading securities not available for retail investors, to block trading by institutional investors who do not wish to impact markets with their large orders and obtain adverse prices for their trades' ' (Chen Dark pool definition). This event shouldn’t be possible, this means there are over one hundred percent of the shares that exist, this event is just one of the many examples of manipulation in our stock market today. + +Many people are lying under oath trying to cover this up, here is just one example, Kenneth Griffin. Kenneth Griffin is the CEO of Citadel Securities, a market maker, which provides liquidity to markets (Bloomenthal The role of Market Makers), a hedge fund manager, which will play the market with borrowed money to try and predict what will happen (Team What is a hedge fund?), and a dark pool manager. Kenneth lied under oath to the U.S. Congress about never talking to Robinhood about disabling the buy button for the GME stock, and several others (U.S. Congress Congressman pushes Citadel CEO on GameStop collaboration with Robinhood: "absolutely not."), (Trustnodes News Citadel spoke to Robinhood during GME short squeeze court documents reveal). Around the time all of this information started to surface, the official Twitter account for Citadel Securities put out a flurry of tweets in a matter of days, sometimes minutes apart, one of these showing the evidence that Citadel and Robinhood talked before they removed the buy button (Citadel Twitter). This breakdown shows that Kenneth Griffon is worried about the truth coming out about his market manipulation as most of these tweets weren't even professional. + +This is also backed up by a mountain of statistics, such as the buy to sell ratio being high on the stock, yet the price trending down (Orders by Fidelity customers). This is theorized to be due to Citadel putting buy orders into dark pools, and sell orders onto the public market. Another example is that every time something good happens for Gamestop as a company, the price falls, this is against the flow of Wall Street, where the price rises as the company does more good. For example, on April 13, 2021 Gamestop announced that they paid their debt off two years in advance (GameStop announces voluntary early redemption of senior notes), however, nothing happened to it that day on the stock market, and the business day after it fell over ten dollars a share (GameStop Corporation Common Stock (GME) historical data, Nasdaq)). Later in the year on June ninth, Ryan Cohen was named chairman of the board, he has had lots of experience in online retail and even brought some former amazon executives with him, however the next day the stock plummeted over eighty dollars a share (GameStop Corporation Common Stock (GME) historical data, Nasdaq)). Just looking at the stock history you can see that the stock is extremely unstable, and does not follow the normal trends that stocks follow. Lastly, looking at the stock for movie theater giant AMC (AMC, Nasdaq) you can see that they follow almost the same trends every single day. + +The last piece of evidence to back up this thesis is that the Security and Exchange Commission report on all of this (Staff report on equity and Options Market Structure ... SEC). “Staff observed discrete periods of sharp price increases during which accounts held by firms known to the staff to be covering short interest in GME were actively buying large volumes of GME shares, in some cases accounting for very significant portions of the net buying pressure during a period”. Another statement proves that there were naked shorts “short interest can exceed 100%-as it did with GME- when the same shares are lent multiple times by successive purchasers”. Lastly, “GME short interest (as a percent of the float) in January 2021 reached 122.97%, this proves that more than 100% of the float exists. These three statements, let alone the pages of more evidence in the report prove that there was naked short selling and that the shorts did not cover in January. + +However, not everybody is convinced that GME will short squeeze and that the company is just a failing brick-and-mortar video game company. Those who believe this do have many reasons to have this belief. They will point out that before the January squeeze, the stock was five to ten dollars for months, and that they were drowning in debt ((www.macroaxis.com) What is Gamestop total debt USD from 2010 to 2021). Another fact to back this argument is that Gamestop's sales have been decreasing over the past few years, down twenty-one percent from twenty-twenty (GameStop revenue 2006-2021: GME). Together, all of these could make Gamestop sound like a failing company that shouldn't be worth hundreds of dollars, let alone anything on the stock market. + +The argument against the thesis listed above does make some very valid points, however, there are many reasons behind the fact that Gamestop is a company rebuilding into a very successful business. Gamestop has been hiring a lot of executives from online retailers such as Amazon (Gilbert GameStop just made its third hire from Amazon as the game retailer continues poaching new executives from the Tech Giant) all of these executives have decades of experience in online retail and are helping turn Gamestop around. Even before Gamestop started these big hires, in the holiday season of twenty-twenty their online sales were up three hundred percent (GameStop reports 2020 Holiday Sales Results). Also, compared to quarter two of twenty-twenty, Gamestop’s sales are up (GameStop Inc. GameStop reports financial results for Q2 2021). Gamestop is a company going through a big restructuring project, focusing a lot more on their online retail. + +Another possible argument against this is that the shorts did cover, this is a belief that many people have. Those who believe that the shorts have covered believe this is mainly due to the price action in January. They believe that the stock skyrocketing to four hundred dollars a share then leveling out back down is proof that the squeeze happened, and the shorts were covered. Their argument on why it hasn't gone back down to what it was before January is that those who believe that the squeeze hasn't happened refuse to sell. They believe that the only thing inflating Gamestop’s stock price is the number of people buying in believing the “short squeeze” theory and those selling who no longer believe in it. + +This is another great argument against this paper's thesis, however, there are some reasons why this is not the case. Not enough traders sold their stocks for the shorts to cover, as seen above in the SEC report, more than one hundred percent of the float existed, which means every single investor would have had to sell. Due to this, they have to pump the price to try to make people sell, explaining the stock having very high highs, and very low lows in the same few days. Due to this, the shorts cannot have covered in January. + +After reading this, you must be wondering what you can do to become a part of this or to stop the manipulation of the stock market. For one, you can write to the Securities and Exchange Commission to report this manipulation and ask them to look more closely into it. Another thing you can do is buy as many shares as you can, as this will help bring down those manipulating the market for their gain and help bring the squeeze closer. Doing these things will also, if the theory is correct, make you and everyone else investing in Gamestop rich, as the stock price will skyrocket when the “mother of all short squeezes” as some people call it will happen. + +In conclusion, many stock analysts are stating that the Gamestop ‘’Short Squeeze’’ Is over, however, the big players are using different methods of market manipulation to delay the inevitable market crash / short squeeze. Gamestop is a fragile stock and just the tip of the iceberg when it comes to manipulation by big companies and brokers. If this all works out one possible ending to this is a market crash like never seen before brought on by manipulation by companies like Citadel and Robinhood. This is not financial advice. + +&#x200B; + +Sources (MLA Format) + + + +*Twitter*, Twitter, https://twitter.com/Citadel. + +Trustnodes News. “Citadel Spoke to Robinhood during GME Short Squeeze Court Documents Reveal.” *Trustnodes*, Trustnodes News, 27 Sept. 2021, https://www.trustnodes.com/2021/09/27/citadel-spoke-to-robinhood-during-gme-short-squeeze-court-documents-reveal. + +“Congressman Pushes Citadel CEO on GameStop Collaboration with Robinhood: ‘Absolutely Not.".” *YouTube*, YouTube, 18 Feb. 2021, https://www.youtube.com/watch?v=81UPnnjjrTE. + +Team, The Investopedia. “What Is a Hedge Fund?” *Investopedia*, Investopedia, 22 Oct. 2021, https://www.investopedia.com/terms/h/hedgefund.asp. + +Bloomenthal, Andrew. “The Role of Market Makers.” *Investopedia*, Investopedia, 22 Oct. 2021, https://www.investopedia.com/terms/m/marketmaker.asp. + +Chen, James. “Dark Pool Definition.” *Investopedia*, Investopedia, 19 May 2021, https://www.investopedia.com/terms/d/dark-pool.asp. + +“A Vibrant Market Is at Its Best When It Works for Everyone. .” *A Vibrant Market Is at Its Best When It Works for Everyone. | FINRA.org*, https://www.finra.org/#/. + +“Elon Musk + Vlad Tenev on the Good Time Show.” *Audible.com*, 1 Feb. 2021, https://www.audible.com/pd/Elon-Musk-Vlad-Tenev-on-The-Good-Time-Show-Podcast/B08VG8L61T. + +“AMC.” *Nasdaq*, https://www.nasdaq.com/market-activity/stocks/amc. + +“GameStop Announces Voluntary Early Redemption of Senior Notes.” *Gamestop Corp.*, 13 Apr. 2021, https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0. + +“GameStop Corporation Common Stock (GME) Historical Data.” *Nasdaq*, https://www.nasdaq.com/market-activity/stocks/gme/historical. + +“Orders by Fidelity Customers.” *Fidelity*, https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml. + +SEC. *Staff Report on Equity and Options Market Structure ...* https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf. + +(www.macroaxis.com), Macroaxis LLC. “What Is Gamestop Total Debt USD from 2010 to 2021.” *Macroaxis*, https://www.macroaxis.com/financial-statements/GME/Total-Debt-USD. + +“GameStop Revenue 2006-2021: GME.” *Macrotrends*, https://www.macrotrends.net/stocks/charts/GME/gamestop/revenue. + +“GameStop Reports 2020 Holiday Sales Results.” *Gamestop Corp.*, 11 Jan. 2021, https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results. + +Gilbert, Ben. “GameStop Just Made Its Third Hire from Amazon as the Game Retailer Continues Poaching New Executives from the Tech Giant.” *Business Insider*, Business Insider, 30 Mar. 2021, https://www.businessinsider.com/gamestop-announces-third-hire-from-amazon-for-executive-team-2021-3. +I'm looking at buying a SFH with multiple bedrooms. I'm planning on renting out two bedrooms to my sibling and friend. They will be paying market rate for the bedrooms. Should I report the money I get from them as income so that I can count my home as a rental property and get the associated tax benefits? What are the advantages and disadvantages of that? I'm already at the 32% federal tax rate from my W2 income so the tax implications seem like they could matter a lot. +If you had 450K is cash - how would you invest in real estate if you could go back in time and be a first time investor. Would you dump all the money into one multi family property? Or split it up and buy two multi family properties? + +Just curious your thoughts! +They beat on profits and missed revs only by 1mil. Margins did shrink too but because of increased spending on advertisement? Why is the market reacting so adversely? + +Edit: 9:10am EST Now down 14% premarket +Wang said many of Facebook's trust woes have been "centralized" around Chief Operating Officer Sheryl Sandberg, who was in the spotlight after a New York Times report in mid-November about the executive and the social media media company's internal operations. + +The Times report came on the back of a series of scandals and incidents which have mired Facebook in controversy and sent its stock sinking in 2018. As of its last close, the company's stock price was more than 43 percent off its 52-week high. +Asked about the possibility of Sandberg departing from Facebook, Wang said it was "in the rumor category." + +"I think there needs to be some kind of management change or some appointment that's someone that the market trusts to take care of these issues and to address privacy and cybersecurity in a stronger fashion than what's being done today," he said. + +OP has no financial motivation for this post, no stock held, no puts, AMA... + +https://www.cnbc.com/2018/12/24/facebook-is-the-biggest-concern-among-the-faang-stocks-analyst-says.html + + + + +So the old excuse "Buffett is better at investing it than you" simply doesn't make sense (anymore) + +1. Buffett is stockpiling his cash in savings and not even investing it +2. The company has reached economies of scale and has a hard time growing so realistically, even if you aren't better off investing it, it makes more sense for the cash to be distributed to shareholders + +It really makes no sense. Can someone explain it to me? +So the old excuse "Buffett is better at investing it than you" simply doesn't make sense (anymore) + +1. Buffett is stockpiling his cash in savings and not even investing it +2. The company has reached economies of scale and has a hard time growing so realistically, even if you aren't better off investing it, it makes more sense for the cash to be distributed to shareholders + +It really makes no sense. Can someone explain it to me? +This guy claiming that from client sentiment that the AUD/USD was way over bought has deleted his post. + +He also claimed to put 100% of his capital into that trade because who needs risk management when you’re 100% sure that you’re going to win. smh + +Since he posted the AUD/USD has been going up and he deleted his post now. +First of all I would like to say I’m not some mad successful trader but I feel like I have had a major break through (time will tell lol) + +But I feel like a large amount of people come into forex with the wrong mentality (me included) + +Ever since I have been thinking mathematically about the markets instead of looking for Support and resistance levels, indicators and get rich quick strategies (let’s be honest everyone went through that phase) I feel like my trading has improved dramatically + +Little advice from me , take how it how you want to. Would love to hear peoples stories of when they had their breakthrough in the comments + +Cya +Hi everyone, + +Seeing the recent volatility in the markets has inspired me to brush off my trading cap and try my hand again after taking a year and a half hiatus. I’m currently in college studying International Economics and I’m hoping trading will be a good way to put my some of my schooling to work. + +I am trying to estimate the feasibility of starting up a small account (~10k) with a few of my classmates who are top students studying Computer Science/Finance/Econ. What sort of returns are to be expected for relative beginners in current FOREX volatility? + +Our current plan is to swing trade, taking intraweek positions to capture the back and forth in the EUR/USD. I have completed the BabyPips course and have read some other books (namely Kathy Lien’s best selling FOREX manual). From googling around in forums, it has been hard to filter the bullshit returns that lots of folks claim to have. How realistic is a 5% monthly target? Would I be better off putting my 10k in another asset class now and walking away? + +Thanks for you help! Any advice is appreciated. + +Edit: Hey folks thanks for the advice! So far there’s been a range of optimism, which has been inspiring and fun to read. I wrote this post on the fly, and I understand I made it seem as if I were going to dump a whole 10k all at once for 3 trades. Not the plan for now.. +Hello Lads, + +Can anyone trading for a prop firm share their experience with us and give a little backstory about their trading journey. Planning on taking the FTMO challenge in the beginning of next year and just wanted to know what it feels like trading for a prop firm. + +Thanks In advance 🚀 +Hey folks, + +Fortress Technologies (FORT.V) is an interesting Bitcoin play if you like a lower downside risk from a higher NAV. They’re a small 50M market cap company quietly mining BTC with a small mining operation and holding strong BTC (163) and cash position (9M). They’re currently the 21st largest holder of BTC as public company (non-fund/ETF/trust). The kicker is they haven’t released how many BTC they’ve mined since Nov 30 so there’s likely to be a decent arbitrage opportunity if the market isn’t valuing the 4 months worth of unknown mined BTC. They also just announced they raised 7.6M at $0.63 to fund additional mining operations meaning they’re now either becoming a full-fledged crypto mining company, turning into a BTC fund or looking to purchase an even biggest crypto asset. If they begin to trade on the same NAV level as their crypto mining peers I see another reasonable chance to front-run. The third and final fun fact is that one of their directors and largest shareholder (11%) is Roy Sebag, who you may also know as the CEO of Goldmoney Inc (XAU.TO). He’s been low key investing in BTC, all the while debating guys like Saifedean Ammous. + +Full disclosure - I own shares of FORT.V and I’m not a financial advisor, nor should this be considered financial advice. Do your own research. + +Cheers +I came across this company the other day via my newly created screener. Seems like they’ve been on the TSXV since 2014, traded at $0.20, jumped to $0.70 and fell back. Trades around $0.145. Thought they were interesting given clean tech (mainly agriculture and infrastructure maintenance) focused, Canadian Corp, and product viability now a thing for them. + +Any thoughts? Will likely dig into them more in the meantime. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +[https://www.federalregister.gov/public-inspection/2021-27531/prohibition-against-fraud-manipulation-or-deception-in-connection-with-security-based-swaps](https://www.federalregister.gov/public-inspection/2021-27531/prohibition-against-fraud-manipulation-or-deception-in-connection-with-security-based-swaps) + +[https://public-inspection.federalregister.gov/2021-27531.pdf](https://public-inspection.federalregister.gov/2021-27531.pdf) + +SUMMARY: + +The Securities and Exchange Commission (“SEC” or “Commission”) is re-proposing for comment a rule under the Securities Exchange Act of 1934 (“Exchange Act”), **which would be a new rule designed to prevent fraud, manipulation, and deception in connection with effecting transactions in, or inducing or attempting to induce the purchase or sale of, any security-based swap**. + +The rule is designed **specifically to take into account the unique features of a security-based swap and would explicitly reach misconduct in connection with the ongoing payments and deliveries that typically occur throughout the life of a security-based swap.** + +The Commission also is proposing a **new rule, which would make it unlawful for any officer, director, supervised person, or employee of a security-based swap dealer or major security-based swap participant, or any person acting under such person’s direction, to directly or indirectly take any action to coerce, manipulate, mislead, or fraudulently influence the security-based swap dealer’s or major security-based swap participant’s chief compliance officer (“CCO”) in the performance of their duties under the federal securities laws or the rules and regulations thereunder.** ^((Why wasn't this a thing already?)) + +Finally, the Commission is using its authority under the Exchange Act to propose for comment a **new rule, which would require any person with a security-based swap position that exceeds a certain threshold to promptly file with the Commission a schedule disclosing certain information related to its security-based swap position.** + +&#x200B; + +**This should be published tomorrow.** + +# To leave public comment, go here: + +[https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) +I know that an S&P 500 index fund is already diversified, but is it diversified enough? Can I use a single fund as my entire portfolio, or is it better to include even more diversification? +p.s. mods I hope my autistic post meets all requirements. + +&#x200B; + +Sup. Made some gains in the past two weeks. + + +It all started when I heard about the Gamestop fiasco. I pretty much started investing after the larger squeeze, so as you can imagine, I ended up bagholding and lost money. Now, after discovering options, I became slightly addicted and lost around 30k over the course of the year, transferring little by little from my bank account to RH. Pic related. + + +https://preview.redd.it/e0c5d1ytnox71.png?width=1112&format=png&auto=webp&s=d4a6f43a71df2d9ae0a3fd513487d2598bb963e6 + +Now, I am down to my last 4.4k, what do I do with it? I gamble it on options of course! Little did I know, Hertz made an announcement to purchase Tesla vehicles. I just woke up to go to work and seen Tesla was rising. Here's the purchase and sells for that. + + +https://preview.redd.it/sydwpsu5qox71.png?width=2166&format=png&auto=webp&s=6978d7dbef473cf6bff7c69067c43d41e291276d + +Shit man! I had some fucking money! I made all my losses back plus an extra 10k or so. I finally accomplished something in my life! Why would I want it to end there though? I want more. So much more. + + +Nvidia and SPY have been doing great as well so I started to buy calls for those as well. + + +&#x200B; + +https://preview.redd.it/kca4cu5csox71.png?width=1082&format=png&auto=webp&s=904f07848209847bb7dd0e936128a51e0f283064 + +Golly gee! I'm high on a rush of gambling so I needed to continue. This put me at about 60k or so total. I took profit where I could and thats the way you should always play it. + +It's not enough though. We gotta keep going don't we? It's NVIDIA time! + + +&#x200B; + +https://preview.redd.it/p8mtg5w0tox71.png?width=2171&format=png&auto=webp&s=a8a66323c1bd2b8c4ba35dd6587a4c2c51809289 + +It is now November 3rd I have around 125000 in my RH account. Lifes good, but life can be great too. Here's where I YOLO this 100,000 to nearly make myself a millionaire. + +&#x200B; + +https://preview.redd.it/j3be9y3rtox71.png?width=2146&format=png&auto=webp&s=ca2ce0731639b2ccf55bde373f51e5aa40106884 + +It happened. I made a shit ton of money. My dad didn't believe me. I didn't believe it. I'm glad I sold before the big dip today. Currently, my account is at: + +https://preview.redd.it/vt6kuhzytox71.png?width=1094&format=png&auto=webp&s=5cc2f147fb51c55278958befa9b546fe2c7d34ab + +But peaked at + +https://preview.redd.it/ivatzc51uox71.png?width=1136&format=png&auto=webp&s=e870da631a359c63ec339e781dd2f527092c9c9c + +I am just blown away. If it wasn't for WSB, shitposting, losing money, I would never have made this achievement. Can't forgot JPow either. Thanks! + + +p.s. My current positions remaining are 100 310c 11/5 (down 64k) and 13 300c 11/5 (put 200 order in but didnt fill) I also am still holding SPY 400 266c 11/5. +So, in 14 days, I raised my account by 680,000 for a 17,250% gain since Oct 5. + +In between all of these options I did place some which either made so little difference or even lost money but overall I felt it didn't matter to put them in. Yes I couldve held some of the earlier ones longer for a way bigger profit, but sometimes you gotta take what you got and work with it. +Yeah, you heard it right, and you most likely know that already, but lemme give you some technical rationale of how this might happen. The analysis is build upon fractal techniques, so that the previous price action is used for making this forecast. Buckle up and eat a Crayon, fellow trader (the word is used as anagram you know for what) as it will help you stay nutrated for the rest of this reading, and it might even help you with the digestion (of the information in the post). + +This is not a financial advice and I am not and a professional advisor, I just enjoy to share my knowledge and educate brainless apes occasionally. + +"BuT whY dO I neEd your FARTCAL ANALizis?!1" + +Well, that's a good question. When I was a young ape living free in the Steppes of Kazakhstan... JK, leave poor Vlad alone for a moment. **The fractal** (from Latin *fractus*) means a steady scalable design of irregular shape emerging on any data. The trade fractal in the financial market is the pattern, formed by a sequence(es) of candles, which has peculiar identifiable characteristics and a tendency to reoccur across different scales and time-frames. Fractals are simple yet important, repetitive formations used by traders to identify and to confirm a trend. Apely speaking, fartcals allow us to forecast the future price action based on the previous similar trends on a given trading instrument. + +Now that the captain is gone, let's get to business. + +[GME fartcals wroom wroom](https://preview.redd.it/yge17n3k12n61.png?width=2160&format=png&auto=webp&s=d533ec1fdbcf6443b2233142f87bb285f0c27786) + +I know that you all love Crayons with all of your hearts, so I will use rare turquoise and magenta ones in this analysis. Furthermore, I did my best to simplify the method of distinguishing the fractal sequences, using simple lines, and hopefully you should need no more than one brain wrinkle to understand it. +What you see on the chart (one candle represents 2 hours of price action) above is a perfect example of beautiful fractals. The chart starts from the 11th of January with the turquoise slightly downward tilted consolidation. Next you see a relatively soft magenta upward impulse (14-16 Jan), followed by another turquoise consolidation, this time slightly tilting up and lasting for about three days. Next is where the things really start to get interesting (22nd Jan), as the subsequent magenta upward impulse accelerates exponentially. This accelerection does not go quietly, erupting into a powerful gap (not as big as the one in your head, though). Finally, starting 27th of Jan we have a local endgame highlighted by a purple rectangle with the apex (pay attention to this peak, as it will be used for calculations later) on the 27th of January. 'What? Why purple rectangle?' you may ask. Easy. REKTangles are the Horsemen of the Endgame. +That was only the left part of the chart. Now let's be brief for a moment. There were six main components to the fractal base: turquoise consolidation, magenta uptrend, turquoise consolidation 2, magenta impulse, gap and purple rectangle. What you see on the right, is the original base for the fractal described above meets its bigger brother. Particularly, starting 22nd Feb a very similar chain of price actions manifests. And this is how we really utilize fractals: identify the fractal sequence from the previous data (on the left), and after that apply the pattern to similar market conditions (on the right). Many of the the things look really similar on both sides of the graph, don't they? Coincidence? I think not. + + +https://preview.redd.it/v5s6clts12n61.jpg?width=534&format=pjpg&auto=webp&s=f7e6dcacd9509becc15e1e38a254575986e49063 + +"Oh fArtcaLs good Butt WEN MOON?1!" + + +[Here you go boy](https://preview.redd.it/f0u97sfv12n61.jpg?width=461&format=pjpg&auto=webp&s=d64f1f93399d094112b49cf4170475e56ce84bc8) + + +Allrighty. I know that the energy from the Crayon you ate is running out, so lemme summarize the analysis for this intellectually limited individual with extraordinary small brain capacity that you are. What I need you to do now is what even a half brained chimpanzee is capable of. Count to six (yes, you may use your fingers). Twice. + +[Numbers and fractals simplified for dummies](https://preview.redd.it/mfnkdif022n61.png?width=2160&format=png&auto=webp&s=9d2fd1b92e9a7bf6c2bbeb0fac0ed538ea35d96b) + +1 = flat line; +2 = small magenta hill; +3 = line as flat as your wife's girlfriend's tit; +4 = accelerection; +5 = your brain (aka Gap); +6 = Valhala REKTangle / GME go BBBBRRRRRRR + + +Good boy/girl, you've come this far. Now that your confirmation bias is reinforced, you may get some rest. Or eat another nutritious crayon my brain destitute ape friend, because we are DIVING DEEPER. + +Ok, it turned out that I needed to eat some Crayons myself, because I really got exhausted writing the post for five hours in a row. So I ate a pack this time, and I am full of GMEnergy. As is the chart below, so bullish, that we will definitely see some GMEnergy explosions in a short time to come. Now the complexity of analysis is going to increase a little bit, but the apes have to evolve at one point in history, so I really encourage you to use this opportunity. + + +[In-depth fractal forecast](https://preview.redd.it/888zsh3c22n61.png?width=2160&format=png&auto=webp&s=ec2c553761a27dc98efa7dae3de918da0d4f600f) + +I hope that you got accustomed to the previous six steps for dummies explanation, and by this moment you should understand the basic principle of how the fractals play. What you see above is a little bit more advanced chart, through which I aim to explain how I came to the price predictions in the post title (finally!). Ok, 1 2 3 4 5 6 is understandable, where did A B come from? The first and most important notice, is that A-B fractals are built upon 1-2-3-4-5-6, and on the chart you can see that A measures 1-2-3-4 pattern, while B covers 5-6 steps of the sequence. A-B on the left (January run) is self explanatory, the fractals are measured as they are. A-B on the right (current price action formation) is where we need some math to get involved, particularly, when we are working with the new B movement prediction. And that is not as difficult as it may seem from a first glance. Again, the main fractal property, re-occurrence, will play on our side. Predicting the price movements, on a volatile market like this one, is one of the most ungrateful things to do, so don't go too harsh on what I am going share with you, apesters. My theory, is that it is possible to predict the amplitude of the upcoming move, using data from previous one. And here, we only need the coefficient from first A-B move. A simple ratio: dividing first B move (about $325 increase) by first A move ($131) gives us a coefficient of about 2,48. Let's apply this ratio to the currently forming fractal: that is multiplying the second A fractal completed height (about $330 based on my prediction, which is built later in this post), which will give the estimated B part of the second fractal height of about $818, landing us on the sweet $1200 dollar level through the next week. Boom, looks beautiful and promising! Fractals, baby! + + +I hope it has been an entertaining as well as mentally developing read for you so far, smoothie-brainie. But there is still one important part of the analysis left to be addressed. Particularly, it is the the sequence part number 4, where the price action stands currently. And yeah, you guessed it, almighty fractals are helping us here again. Below you will find two charts (both are 30 min charts), which are actually zoomed in the price actions of the fourth step of the two fractals analyzed above. I can't stop enjoying and appreciating fractals and below you should really see why. + + +[GME price action 22-27 January](https://preview.redd.it/heozo1gg22n61.png?width=1646&format=png&auto=webp&s=d637c1806d229ffad089dc6491357ce01b55207a) + +[GME price action 5-15 March](https://preview.redd.it/m1dydccm22n61.png?width=1646&format=png&auto=webp&s=9724902e12d23390a6f614fe026acd4f2c4abf3d) + +Because they look similar again! Now I will ask you to excuse me, I started to work on this analysis about ten hours ago, and I really need to get some sleep, as my brain is holding strong to the last wrinkle it has left, so this explanation will be brief. I forecasted the apex point of the current 4 using not so complicated method, and again taking inspiration from the previous price action and its underlying patterns. The magenta curly lines play as supports for both of the impulses. And these look amazingly similar in its slope and pace, but we should probably stop being surprised about that at this point. The second important fractal factor is this chainsaw in the middle of the patterns, corresponding to the severe corrections in these bull runs. Remember being in the market at those moments? Wooh, that was fun. And finally, take a look at this averaged line that looks like a string of a bow - not only it averages the price action, it also completes this bow shaped fractal pattern, allowing us to predict the potential high of the current price action ($380-ish). That's it folks, mic drop. + +TL;DR: Fractals is life fractals is love ❤️ as is GEEEMEEE +31M. Expecting to retire in about 2-3 years time with NW CA$5m (US$3.6m). Want 2-3 kids, first one by 35. + +I’m from / currently based in an Asian country (Singapore). So no universal healthcare, relatively low taxes, great business opportunities. Mostly I don’t think too highly of the kind of values my society carries, and would prefer to raise kids and build my family elsewhere. (No family at all at the moment, so almost absolutely no obligations.) + +The countries listed above tend to be a bit more progressive with their policies, laws, and general societal norms, I feel. I’m also excited about the opportunity to live in a new environment altogether and start my life anew, in a way. + +Canada currently ranks highest for me, due to a sizeable Asian community, and proximity to US. + +Wondering if anyone has any thoughts on a preferred/ideal country to retire, and any specific opinions on the above listed countries! Let’s discuss and share ideas! :-) + +Edit: I’d most likely still keep a home base/ buy a house in my home country and keep my business entity running to fulfill immigration obligations, if I were to apply through the entrepreneur visa route. +I had an amazing therapist from Stanford for the last decade who is now retiring. I would say having that therapist/mentor has been my multiplication factor in life. Can anyone recommend a good therapist for high NW individuals; telesessions are fine as well. + +And for who ever is wondering, I've tried regular therapists, but trying to get advice from someone whose clientele are a bunch of suburban moms and makes $60-120k hasn't been beneficial. +I'm a 30yo single male and I got a new job and will be moving back to the US in July. It's a remote job, so I can live almost anywhere in the country, but I'm 90% sure it will be Pittsburgh. It will also be a time-consuming job, I'll probably be working 60 hours a week, so I won't have time to be out and about. I've also been "going out" so much the past year or so, that I'd much rather stay home and play games or whatever during my free time, at least for the first several months of working. + +My job will pay $125,000 a year, so I can easily afford a car. After tax that means $7500 a month or so. $2000 for rent, $1000 for food, $500 for utilities, and $1000 for random expenses means my net savings will be $3000 a month. That means a car "costs" between 7 and 9 months of my life. Or half of that, if you consider that I can sell it back for half its price after 5 years or whatever. And keep in mind, I haven't lived in the US in 5 years, so my estimates could be off. + +I also have about 20k that I can pull from Vanguard (not IRA/401k so no taxes), meaning I could even pay for the car in cash if I wanted to. But I'm not sure that I do. I could just save that money to buy a house a year or two from now when (*if*) the housing market crashes. Besides, cars are quite expensive right now, and apparently you have to wait several months and may not end up with the exact color or accessories you want. Which sounds like a major pain in the ass. + +I asked in the Pittsburgh subreddit, and almost everyone there said it's quite doable to live there without a car, if you're in a good neighborhood. Plus, I could for example just ask for groceries to be delivered every week. So really the main times I'd miss a car are the odd errands, which are probably rare, and every couple of months or so when I'd want to visit my friend in Cincinnati. But I can just rent a car for that, or take a Greyhound bus. + +If I did buy a car, I'd happy with a Corolla (21k?) or a Camry Hybrid (27k?). I'd also be ok with a Civic (23k?). But again, I'm wondering if I should just live without a car instead. +I thought there would be an interesting discussion about different economic principles and policies when I joined this subreddit. Maybe I had hopes that this would be logical and even-tempered like Planet Money which attempts to explain differing view points. + +Instead we have people on polar ends, claiming that the actions of government to help those in need during this troubling economic time is evil and that the Fed can't do anything right at all, claiming at every moment that they are trying to destroy the world monetary system. + +I guess I'm just disappointed. I had high hopes for this subreddit. Maybe people could find that government and the private sector can work together, that the policy makers have theories about what they're doing and they aren't trying to actively destroy our Republic. + +Maybe you disagree with me but I think the majority of people who read this don't think on the extremes and are just as saddened by the links and posts as I am. Either way, I'm just going to stop caring. +Many people seem to be unaware of coinbase's fees hidden in their staking user agreement, so I just wanted to highlight this fact so everyone is aware. + +I'm linking the [ETH staking User agreement](https://www.coinbase.com/legal/user_agreement/united_states#staking) here in so anyone who wants to give it a full read can do so. Staking on coinbase also comes with certain risks and the lacks guarantees that makes me unwilling to stake on their custodial platform. I recommend staking in a wallet you control the keys to, but that is a choice for each individual. Please give the terms a look if you use/stake using coinbase. + +As always, do your own research and I don't know shit about fuck. + +Edit: I believe the rates quoted by coinbase already have their fee factored in. I have attempted to contact support looking for clarity on this topic and have yet to receive a response. + +Edit2: it appears the staking fee varies by cryptocurrency. Some are higher than others. +I've been following Sears & Blockbuster since we all became aware GameStop was linked to a naked-shorted basket of zombie retail stocks, and Ryan Cohen cryptically tweeted about both companies. + +The following must be read with the awareness that TikTok is expanding into gaming, and is doing that through Immutable X and GameStop - [as mentioned here](https://www.reddit.com/r/Superstonk/comments/uszt1k/tiktok_plans_major_push_into_gaming_market_and/) by u/knutolee. + +&#x200B; + +https://preview.redd.it/9y0oejpp7bs91.jpg?width=1840&format=pjpg&auto=webp&s=84ce3d4fa3cd521ffc2e0d0439a3f16e5f7c5bbd + +Every gaming related NFT on Immutable X is going to be purchased via the GameStop marketplace. + +Armed with this knowledge of GameStop's not-so-indirect partnership with TikTok, let me take you down the rabbit hole. + +\_\_\_\_ + +&#x200B; + +Sears and Sears Canada are emerging from bankrupcy at the moment. u/SixStringSuperfly discovered that **2 days ago**, Sears Canada joined TikTok and began a [bizarre media campaign with a provocative style](https://www.tiktok.com/@sears_canada/video/7150775587160820998?is_copy_url=1&is_from_webapp=v1). Something a social media brand strategy company would think up. + +I decided to dig a little further... + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada](https://preview.redd.it/upu9cwu15bs91.png?width=1841&format=png&auto=webp&s=5917c50fe18cd41f999dde2ebb454fe03c1e5557) + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7150775587160820998?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/st8gy5of5bs91.png?width=1234&format=png&auto=webp&s=c70a5b7066481783b65378a5752eb9c8e23d57bc) + +**7 hours ago**, Target Canada, who own Zellers, and who also failed to launch in Canada a few years ago, began posting the exact same type of content: + +&#x200B; + +[https:\/\/www.tiktok.com\/@targetca\/video\/7151490274001243397?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/qppif39z5bs91.png?width=706&format=png&auto=webp&s=c6c2af8942262b3da7736f81bd22c5280419c77d) + +And oddly enough, here's a Zellers video by a random guy **11 days ago:** + +&#x200B; + +[https:\/\/www.tiktok.com\/@yewchuk\/video\/7136322279637568773?is\_from\_webapp=v1&item\_id=7136322279637568773](https://preview.redd.it/skkov9be6bs91.png?width=399&format=png&auto=webp&s=a680e9afb3733b6ee45cb9c69b73b4b1dbbe6495) + +&#x200B; + +https://preview.redd.it/02oo7bgo6bs91.png?width=498&format=png&auto=webp&s=3eceb9c12ce6acecb485b42aefdcb1aa36abe008 + +Oh and look who makes an appearance in that Zellers video: + +&#x200B; + +[Huh...](https://preview.redd.it/tb93cl9mzes91.png?width=336&format=png&auto=webp&s=ba1b617612f3b191662758aff2bc61337741961b) + +Here we have Target Canada commenting on a Sears Canada post, who responds about a **COLLAB**. + +&#x200B; + +[Omnichannel, anyone?](https://preview.redd.it/9kkjeywkgbs91.png?width=502&format=png&auto=webp&s=7d472f37f6d3b952c21a1018b2a27f0649842c5d) + +&#x200B; + +The media is also talking about "bringing Zellers back from the dead." + +[Like a zombie eh?](https://preview.redd.it/34qu7gbmcbs91.png?width=773&format=png&auto=webp&s=3c71242eaab2c0b902e5f5fd3105f74d7766c1a1) + +&#x200B; + +It's catching on, and people are engaging with all these legacy brands talkin smack about their flop era and taking each other's store space. The company behind this is doing a good job reading the zietgiest. + +The zeitgeist is that people hate Amazon because Bezos is a dick who flies around in cock rockets and treats his workers like shit. People feel guilty buying from Amazon. They miss Sears and Blockbuster, Zellers and Toys R Us, and other iconic brands from a golden era before neoliberalism and Wall Street's greed gutted the world of all basic human values, decency, and affordable housing. + +Perhaps they're leading the public through a dramatic story arc which ends with all these beloved brands getting together in the same space *\*cough\* omnichannel \*cough\** 😏 + +Reading the comments, people are crying out for a comeback. + +&#x200B; + +[https:\/\/www.thebay.com\/](https://preview.redd.it/72j3vqcf7bs91.png?width=1444&format=png&auto=webp&s=e969e157c919bd8ffab490f632dc332c13151efd) + +Enter Hudson Bay, an ***ICONIC*** Canadian retail comapny ([FOUNDED IN 1670 WTF](https://en.wikipedia.org/wiki/Hudson%27s_Bay_Company)) with a shit tonne of real estate, will house this new omnichannel alliance of nostalgic retail, which will be as powerful a draw as the nostalgia in modern cinema. And did I mention, Blockbuster is coming back with NFT streaming and was approached by a mysterious entrepreneur who's name was probably Nayr Nehoc. + +Sears in the US may well play the role as the iconic retailer with massive amounts of real estate to house iconic american brands, but we're yet to see how that plays out. + +Back to Canada - an interesting thing about Hudson Bay Company, is that it is split down the middle, with brick and mortar solely on one side, and a massive eCommerce operation on the other, called 'The Bay.' + +Hudson Bay Company recenly got a new President. Who is she, and what is her focus? + +&#x200B; + +[https:\/\/www.hbc.com\/news\/article\/sophia-hwang-judiesch-appointed-president-of-hudsons-bay\/](https://preview.redd.it/muf6ieqq8bs91.png?width=1361&format=png&auto=webp&s=814557770ee68d989947a1e201016f7f678c2c47) + +**TORONTO, September 8, 2022** – Hudson’s Bay today announced that Wayne Drummond will be retiring from Hudson’s Bay and Sophia Hwang-Judiesch has been appointed President, Hudson’s Bay, effective September 19, 2022. A highly-effective retail leader, Ms. Hwang-Judiesch has a strong track record of driving growth, market share acquisition, and enhancing the omni-channel customer journey. **Working closely with The Bay on the overall Omni Customer, Brand, and Platform strategy, she will bring to life the Hudson’s Bay stores component of the strategy, including the execution of the company’s in-store digital selling transformation, customer experience and store optimization.** Ms. Hwang-Judiesch will report to Richard Baker, Governor and Executive Chairman, HBC and join The Bay’s Executive Committee led by Iain Nairn, President and CEO, The Bay. + +**Last year The Bay (digital) and Hudson’s Bay (stores) announced that its store fleet and e-commerce business would operate as two separate businesses, accelerating its digital-first transformation. The two operate collaboratively to deliver a seamless customer experience, and The Bay remains responsible overall for shared functions including Brand Direction, Marketing, Buying, Planning and Technology for both businesses.** + +Most recently, Ms. Hwang-Judiesch was Vice President of Strategic Initiatives at Ulta Beauty, where **she led the build and launch of Beauty@Target, and managed 13 workstreams, including: Merchandising, MP&O, Store/Service Operations, E-commerce, and Supply Chain.** Previously, Ms.Hwang-Judiesch **was Senior Vice-President at Carter's Oshkosh, responsible for the company's largest multi-channel market with accountability for stores, e-commerce and wholesale.** Before Carter’s Oshkosh, Ms.Hwang-Judiesch was with Esprit de Corp as China Country Manager - Retail, Wholesale & E-commerce, China Brand, overseeing the most important market for Esprit globally. + +On her appointment, Ms. Hwang-Judiesch said, “I am excited to return home to Toronto, as I already hold a deep connection and affinity for Hudson’s Bay, so I am thrilled by the opportunity to lead Hudson’s Bay stores. **This is an incredibly exciting time in the industry, when brick and mortar retail is redefining itself. I look forward to building on the transformation already underway at Hudson’s Bay**, to elevate and shape the customer journey and drive growth across the business.” + +“We are very excited to have Sophia's broad global and category experience on our team, **as we transform The Bay and Hudson's Bay for Canadians**. We are making incredible strides in technology and digital innovations, and our store organization is critical to the omni-channel experience of our customers. I am confident that Sophia will lead the team on an exciting and **transformational journey t**hat delivers impact for our customers and results for the company,” said Iain Nairn. + +\_\_\_\_ + +&#x200B; + +A heavy digital-first transformation that will bring omni-channel brands to Hudson Bay locations. + +Very interesting. + +So back to the Sears Canada, Target Canada, Zellers, and Blockbuster TikToks... + +I was scrolling through this Sears Tiktok post and spotted this interactoin: + +&#x200B; + +[https:\/\/www.tiktok.com\/@sears\_canada\/video\/7151186729544797445?is\_copy\_url=1&is\_from\_webapp=v1](https://preview.redd.it/u8ewguq69bs91.png?width=718&format=png&auto=webp&s=4e02d949c58b1b6ae196217732e6ad71bbb40018) + +&#x200B; + +[:O](https://preview.redd.it/z6eha2wa9bs91.png?width=512&format=png&auto=webp&s=e7f71e8d25b680f1b9a26c22807bdda96160a2fd) + +&#x200B; + +https://preview.redd.it/6vproptfgbs91.png?width=495&format=png&auto=webp&s=c87dd11df6b43f04f33bb7389db0dda65697744d + +Will Canada be the testing ground for the Great Mall of Gmerica? + +&#x200B; +It was last increased in 2007, and $75,000 then is now equivalent to $101,869 in 2021 terms according to the RBA inflation calculator. As a sole trader in an industry where unfortunately GST is not able to really be passed onto clients and instead basically becomes a 10% additional tax rate— it kinda sucks that it kicks in at that level, especially since that’s 75k turnover not profit. Just hitting a little harder in these days of price hikes on everything else I guess. +A bunch of people I follow on Twatter and several GME related posts in my feed have been calling the DRS crowd "bullies." They're claiming they "don't want to DRS" because it's "sus" and they're being bullied by people who want them to DRS. + +I think the hedge fucks/Prime Brokers are feeling the burn and starting to pay off more people to talk shit about CS. Maybe I'm wrong but I haven't seen anti-DRS stuff on Twatter since they tried to keep us from doing it the first time. + +Buy, hodl, and DRS. +As I started to notice I was leaving money on table, I wanted to track my trades and find out. I usually exit at around 1R and have been tracking how high my setup goes before it hits my stop loss. To my surprise, literally every trade I have taken in this sample (50 trades, The Late Great Mark Douglas recommends 25) that goes 1R has gone at least 1.5R as well! Very much am doing myself a disservice taking profits at 1R. + +https://preview.redd.it/7idv68dcw3y81.png?width=979&format=png&auto=webp&s=b4c185eae4e247b78febb0c514d40c2b6032e975 + +Here's what my theoretical Win-Rate is if I took profits at different R-Values. Would it be beneficial to stick to 1.5R? + +https://i.redd.it/0kse1v4zw3y81.gif + +I saw u/CJT2013 comment "Your stats will tell you when to get out." on a post a while ago and it stuck with me, thanks man! + +(I've been trading for a little less than a year so take everything I say with a grain of salt) +Hello, Traders! I was hesitant about making this post because I've always preferred to keep my results to myself. Many of you know me as '**The Meme Advice Guy**' with poor flossing habits. + +Anyways, this post is not meant to be a humble brag. It is my intention to quantify some key concepts often discussed in this subreddit. Hopefully it will help you visualize the following: + +* The definition of a **trading edge** +* **Consistency** and **realistic returns** +* **Risk Management** +* **Trade Management** +* **Drawdowns** and slumps + +I truly believe that each trader's performance and financial objectives are as unique as the individual. Some scalpers are capable of doubling a small account quickly, while others are more selective and aim for a few A+ setups per week. This is my trading style and what works for me. Your mileage may vary. + +# Edge - You Either Have It or You Don't + +Casinos have the odds stacked in their favor on every single table game. The house doesn't care about the outcome of individual hands—win or loss. Their goal is to remain open 24/7 and slowly reap in profits over the long run. That is an **edge.** Even Baccarat, with the lowest house edge at 1.06% (banker bet), still results in a positive expectancy over a large sample size. Now you know why they offer free coffee and tint the windows so you can't see what time of day it is. + +As Mark Douglas famously wrote: *An edge is nothing more than an indication of a higher probability of one thing happening over another.* For me, that means **trading with the trend** and finding pullbacks, breakouts, and breakdowns. My post history will give you an idea of my trading style. + +Some days my setups don't appear, and I don't take any trades. Other days—like today—I'm in multiple positions at once. In other words, *I objectively identify my edges and act on my edges without reservation or hesitation.* The chart pattern either meets my criteria or it doesn't. The assessment is very black and white; true or false. + +# There is a Random Distribution Between Wins and Losses for Any Given Set of Variables That Define an Edge + +Below is a scatter plot of my last 100 trades. What do you notice? The distribution is pretty random, isn't it? Losers are -1R, more or less. That is the foundation of **Risk Management**: *I predefine the risk of every trade.* Winners range from +2R to +4R, and there are a few break-even trades as well. + +[Return by trade in R's, last 100 trades](https://preview.redd.it/mqfxud4orfs91.png?width=833&format=png&auto=webp&s=4c02e98aee1d4e814d991f6716a1502dc2de4d1e) + +The above chart is the perfect visualization of my **Trade Management** style. I use bracket orders which automatically send a stop and take-profit with the entry. The management starts off very mechanical and uses little discretion. This reduces the odds of me—the weakest link in the trading system—from messing up the binary outcome. Here's a winner I caught on $TSLA today after walking away from the trading station. + +[October 7, 2022 - $TSLA breakdown for +3R](https://preview.redd.it/w20nf3vtugs91.png?width=855&format=png&auto=webp&s=eeae548fb2bece78c38f70bc80a1c0c392c9da2d) + +Depending on the setup and specific chart, I will either go for +2R, +3R, or +4R. Very rarely do I get out at break-even—*I completely accept the risk or I am willing to let go of the trade.* The price of admission is 1R and that is the cost to **find out what happens next**. + +**I always respect my stop loss because I respect my account.** I protect my capital at all costs: **emotional and financial.** Without both of these, my trading career would be in jeopardy. That means losing gracefully and accepting that *anything can happen*. Here's a loser I took on $WBA today while actively watching price tick me out by a penny or two. It ended up going to target and beyond. + +[October 7, 2022 - $WBA false breakdown and pullback for -1R](https://preview.redd.it/4ym4k2b1vgs91.png?width=850&format=png&auto=webp&s=5438ab4104b5748910dcb52e0e5ba31a2c095476) + +# Consistency - An Uptrend with Pullbacks and Consolidations + +Just like my preferred setups on trending stocks, my equity curve doesn't move in a straight line. I do not expect every single day to be green. What matters is the **overall direction over time**. It doesn't bother me when I lose 3 or 4 trades in a row. I keep taking the pattern every time it appears because I know there is a positive expectancy (i.e., edge). + +Below is my equity curve in Risk Units (R's) over the same 100 trade period. Just for fun, I slapped on an 8/20 Simple Moving Average. It resembles **a trending stock**, doesn't it?! + +[You don’t need to know what is going to happen next to make money.](https://preview.redd.it/js7ip7s5bgs91.png?width=831&format=png&auto=webp&s=ed5518547a1964cd363283fc081b8ae91a109775) + +There were periods where I pulled back to the mean, win streaks which broke the prior swing high, and even sideways consolidations where I didn't make a profit over 25 trades. Did I start doubting my edge and change the way I trade? No! I kept **thinking in probabilities** and continued to find my setups and execute according to the process. + +# Trading Statistics + +I haven't used a trading journal or tracked stats in many years, so the figures below were calculated manually in Excel. Not the most amazing stats you'll find posted here, but that's fine with me. I'm a pretty basic trader who gets paid to wait for either my stop or target to hit. *Set it and forget it.* + +|**Number of Trades**|100| +|:-|:-| +|**Wins**|45| +|**Losses**|44| +|**Break-evens (defined as >-0.25R and <0.25R)**|11| +|**Return in Risk Units**|64.5R| +|**Win-Rate**|45%| +|**Win-Rate excluding break-evens**|51%| +|**Average Win**|2.4R| +|**Average Loss**|\-1R| +|**Profit Factor**|2.4| +|**Expected Value per trade**|0.65R| + +This 100-trade sample size is consistent with my long-term averages: roughly 50% win-rate with about 2.5R-to-1. Unfortunately, I'm not capable of growing a $1k account to $5k in a couple months, hence no social media or Discord (joke :P). + +# Closing Thoughts + +I'll leave you with this screenshot from Mark Douglas' trading psychology workshop. In the clip, he describes the equity curve of a Consistently Profitable Trader vs. losing traders. For the latter there are two types: the **Boom and Buster**, whose account goes up and down violently. And the **Consistent Loser**—with no edge—who's equity curve is the inverse of below. + +[Mark Douglas' illustration of a consistently profitable trader](https://preview.redd.it/h088rpb5ags91.png?width=1000&format=png&auto=webp&s=79faf7a1a0235cc54546a18450d7139d3cf77693) + +Hopefully you find the above information useful. Really—this post isn't about me or my sample results. It simply demonstrates that **an edge and discipline** are what it takes to make it in this game. Having both makes the psychological aspects of trading trivial. The focus should always be on trading well and earning **money as a by-product**. + +Cheers and have a great weekend :) +Joined the future millionaires club! Sold a few stocks that were dead in the water and broke even at and bought my way to 1BTC from .33 BTC. I feel good about the purchase. HODL to the moon!! +Im young (22) and still new to investing. I have been investing into SCHD and VTI in a non-advantageous fidelity account for a couple months now. I am looking for growth for the future. Is it pointless for me to have these funds in a regular account? Should I be putting these kind of shares into a Roth IRA instead? Any advice is much appreciated. +Only my wife's boyfriend's girlfriend and our 4 bastard kids know, but even they don't know everything. They have no idea the amount of time I spend here reading, laughing, learning, and sometimes even crying. They have no idea how much of my thoughts and emotions this has consumed the last 8 months. This whole thing is fucking nuts. I'm just really glad that all I have to do is hodl my favorite stock and chill with my internet friends. That is all. Goodnight. + +&#x200B; + +Edit: Good morning internet friends and family! This is why I spend so much time here. Love you all!!! +This entire selloff was pretty much fueled by a few sensationalist headlines such as "Citron Pulls Plug on NIO" along with a price target pulled out of the ass of a non-analyst with a history of making false and misleading statements intended to manipulate the market to his benefit. If you're unfamiliar with Andrew Left, the name Citron Research probably sounds like something along the lines of a legitimate investment firm when you see it in a headline. It’s really just one guy with a blog and a lengthy track record of lawsuits for baselessly attacking stocks in an attempt to profit off their downfall. He [sold NIO at $10 in 2019](https://www.marketwatch.com/story/citrons-andrew-left-sells-out-of-chinas-tesla-rival-nio-2019-02-26) and has clearly been fuming over the profits he’s missed in the past months. Keep in mind, this guy has [shorted Tesla](https://markets.businessinsider.com/news/stocks/andrew-left-shorting-tesla-stock-again-reasons-citron-betting-against-2020-2-1028876660) over and over without any luck, calling its meteoric rise artificial and insustainable, purely driven by hype. Now he’s shorting NIO on the same premise. Calling out the lack of short interest (aka optimism) also fails to corroborate his rationale for the stock falling to $25 - why even include that? + +On to his main point, which is that Tesla’s Model Y is expected to move to a starting price of ¥275k (~41k USD), spelling trouble for NIO’s competing ES6 and EC6 (currently starting at ~54k USD each). This ¥275k price projection is based on one Chinese analyst’s report and can essentially be taken with a grain of salt until Tesla says something confirmatory. Additionally, Left is either being incredibly naïve or incredibly disingenuous to assume NIO would roll over and allow itself to be outcompeted by a cheaper car model. This is a Chinese company we’re talking about. Left conveniently failed to make any mention of NIO’s upcoming economy models such as the ES3 and ET5 (the former being less than a year away with an expected price point of ~30k USD), nor did he write at all about NIO’s uniquely lucrative BaaS program or its ventures into fashion, entertainment, formula racing and more. Taking this into account, I don’t think the competition is as steep as Left claims. Tesla’s market share in China has rapidly declined in recent months as native EV companies push it out, going from [21% in August](https://asia.nikkei.com/Spotlight/Electric-cars-in-China/Tesla-conquers-China-s-EV-market-with-taste-of-affordable-luxury#:~:text=Tesla%20doubled%20its%20China%20sales,to%2021%25%20from%206%25) to [10% as of 3 days ago](https://www.forbes.com/sites/jimcollins/2020/11/10/teslas-market-share-is-sliding-in-china-and-has-cratered-in-europe/?sh=31e2e2a36d7d). Left cites NIO’s 3% market share in China as a weakness, omitting the fact that only a year or so ago, this figure was very close to zero. NIO is years behind Tesla in terms of production capacity; he’s comparing apples to oranges and he knows it. + +In conclusion, Andrew Left’s $25 price target is clearly not based on numbers and calculations - it’s based on how much he wanted to profit off this squeeze, which was probably millions. Guy is a scumbag short seller abusing his power to manipulate the market and I hope the SEC takes a close look at him. +I got into crypto almost a year ago. It's been an incredible experience learning about Bitcoin, blockchain, and other cryptos. While it's game-changing technology and a potentially great investment, it has also been a tremendously fun hobby and given me countless hours of reading, entertainment, learning, and even new relationships. It's awesome to see this community growing at the pace it has and I hope to see it continue long into the future because this is something I'd like to stay involved in for the rest of my life. + +With that said, the amount of bogus information and speculation on Reddit regarding the crypto market is painful to endure. For those that are newbs, which I still in some ways consider myself pretty new to this, it is easy to get caught up in the forecasting and high or low expectations for Bitcoin and other coin prices. Everyone obviously wants to see this market continue to boom, and positivity is a great thing. But there is a big difference between positivity and downright bogus speculation. The same goes for those that predict bear markets and crashes. The uninformed predictions of the market plummeting are no different. I may be overshooting this a little, but I'd say that more than 99% of what I read on Reddit regarding the market falls into the bogus speculation category. That is not a good look on cryptocurrency as a whole. We need to be realists, and the reality is that being a realist about crypto means admitting that you just have no clue whatsoever. + +I only came to terms with this myself around January. And let me tell you that it has been so liberating. The freedom I feel knowing that speculative posts on Reddit no longer have any effect on me is hard to describe. With this newfound freedom, my interest and focus on crypto and blockchain has only grown stronger. So newbs, and everyone, take a moment and reflect on what you want out of this. Focus on your own personal understanding of crypto and its benefits and downfalls. Learn, learn, and learn, but use valid sources of information, not speculation. In closing, I'll admit I'm a HODLer. But you do you and enjoy the fact that you get to be involved in the early stages of some incredible technology. +I recently moved to a new country with my boyfriend. He barely saved enough to cover his half of the rental deposit, I saved almost 3x that amount. He was supposed to start work immediately but it got pushed back a few weeks, meaning he didn’t get a pay check for almost 5 weeks after we arrived. His saved money literally lasted one and a half weeks. The extra money I had went towards rent, food and bills. + +My boyfriend got extremely depressed because of the way we have to live, e.g eating cheap meals like pasta and rice, sleeping on two single bed mattresses pushed together (both were given to us, as we couldn’t afford to buy a bed) not having a TV or wifi. He doesn’t eat leftovers so cooking up a huge cheap meal to eat all week is out of the question. He also eats like twice as much as I do so meals for the both us are bloody expensive. I’m THOUSANDS in debt and want to pay it all back as soon as possible, but it feels impossible. I don’t mind eating frugally for however long I need to in order to get back on my feet, but my partner refuses to eat “student food” as though he’s too good for it. I also am in no rush to furnish our apartment or to upgrade the furniture that was given to us for free from my family. Without these things, my partner gets upset that he’s living like a student again. It’s like he refuses to believe that we’re broke. The worst things are that he barely saved any money before moving so it’s his fault that we have to live like this because the money I saved went towards covering his share of the rent, that his family didn’t have money when he was growing up so this method of thinking just came out of nowhere and he just spend his money on crap like junk food and the convenience store. He never buys himself new clothes or anything his money just disappears. He’s also gotten annoyed at me penny pinching before because “its not healthy to restrict yourself.” It’s just so hard to try and live frugally in order to better my life when the (equally poor) person by your side is shitting on your money saving methods and disagreeing with everything you do. We both work entry level jobs so it’s not as if we were rich before before we moved. + +Sorry for the wall of text, I just don’t know what to do anymore. I’m in the hole and it’s gonna be hard to claw myself out of it. I can’t afford to pay $100 to get wifi connected, or to pay half for a new TV or a couch. I can’t afford to eat meat every day of the week. Hell I even quit smoking before our finances got this bad because I had a feeling this shit would happen. How am I supposed to cut back further on shared expenses when my partner refuses to? I’ve already stopped all frivolous spending for myself, such as going out for a coffee, drinking anything apart from water, buying food out, haircuts and the like. Any tips would be super helpful. +I’ve been freelancing as a science writer as a side hustle for about a year now. I started off charging around $20/h on Upwork. After paying their 20% fee and then setting aside another 30% for taxes, there wasn’t much leftover. Also my clients were often inexperienced and sometimes rather demanding/unprofessional. + +After a few months I was getting a lot of gigs but not making that much money. So I decided to start gradually increasing my rates to see how high I could go without losing all my potential business. Most of my old clients couldn’t accommodate the higher rates, but I was quickly contacted by others who were more than willing to meet my price. I’m now up to $45/h and still getting plenty of work. Plus my clients are often larger companies that are more reliable and offer longer-term assignments. The work I’m doing now is more interesting to me and the money is actually enough to make a difference in my budget. I think the higher rates make me seem more confident in my skills so people are willing to pay for more my experience. Moral of the story is don’t under-sell yourself, you’re worth more than you think! + +Edit: For those who are asking what exactly a science writer does, basically I’m helping companies write about science in a way that’s accurate and also understandable to a general audience. For example I did some work for one of the big genetic sequencing companies to explain some basic concepts on DNA and heredity. I’m a scientist as my day job so it fits in nicely with my expertise. The [CASW](http://casw.org/casw/guide-careers-science-writing) website has lots of info for anyone who wants to learn more about science writing! +Many World's ($MANY) - World's First Marginal Tax Crypto System + + + +Listen up gang, we got a real moonshot here so load your bags before liftoff. How do I know? I'm one of the Devs. + +What a journey it has been, but the time has finally come and we have launched the pinksale. This is not just a moonshot, it's a moonshot with justification. So let's start right there, myself and the CEO are completely doxxed: + +CEO - [LinkedIn](https://www.linkedin.com/in/tanvir-shagar-np-7a3b5713b) + +COO - [LinkedIn](https://www.linkedin.com/in/stevenjbumbera)[Audit](https://solidity.finance/audits/ManyWorlds/) + +[Website](https://www.manyworldstoken.com/) + +[Whitepaper](https://docs.manyworldstoken.com/whitepaper/usdmany-worlds-token/tokenomics) + +[BSCscan](https://bscscan.com/address/0x3E2ed75F718251Fd011312b9E33Bf10A4dbfda54) + +[Art Teaser](https://share.getcloudapp.com/P8u602zR) + +[Pinksale](https://www.pinksale.finance/#/launchpad/0x40aA8469b2AEFD263d2604DB38C5474b3BC7d3A3?chain=BSC) + +What's amazing about what we have done so far, is this team formed only about a month ago and have since delivered this quality of work in a very short period of time. But let's get talking about the token: + +ManyWorld's is essentially broken up into 3 areas: Visionary tokenomics, Utility, and Entertainment + +# Tokenomics + +We have created the worlds first marginal tax system in the crypto space :) This means that the tokens you hold behave differently depending on when you purchased them in terms of taxes paid and rewards received. Our token pays you weekly BUSD rewards for holding depending on the length that you hold! + +Current BUSD rewards based systems levy a heavy tax on both the buy and sell side, most in the range of 13-14%. They then distribute those rewards on an hourly basis (huge gas fees) evenly among all token holders depending on how many you are holding. The reason they are all the same is because EverGrow ($EGC) was the creator of BUSD rewards contracts and ever contract since has been a copy and paste of it. + +Problem: This system only caters to the early whales by creating a 50% burn at launch and having a tax so heavy that as the price of the underlying asset increases, the taxes simply are not worth paying for later investors in terms of BUSD rewards. Volume is the only way to generate BUSD rewards and a 13% buy tax and 13% sell tax makes this impossible to trade since you would need 30% returns simply to break even. The only real reason to purchase a token like this is the BUSD rewards, but again the same problem arises that between the heavy taxes and the immediate 50% burn, the BUSD rewards generated for later investors won't even be enough to cover the taxes. + +Solution: 50% burn on a quarterly schedule and the world's first marginal tax system. + +**Buy Tax** + +The buy tax is 3% as compared to 13-14%, immediately resolving the barrier to entry problem. But if our buy tax is so much lower than how can we possibly issue BUSD rewards at a better rate? That answer is in the marginal sell tax system. + +**Sell Tax** + +At the time of purchase, whatever tokens were purchased begin aging. Yes, this means if you purchased some tokens today and then purchased some tokens next week, each group of tokens that you own is now aging at a different rate and therefore earning different rewards: + +Level Rewards: + +&#x200B; + +|Level|Milestone Age|Feature Unlocked| +|:-|:-|:-| +|1|1st Day|Lottery| +|2|8th Day|BUSD Rewards Kit| +|3|91st Day|BUSD Upgrade Kit| +|4|180th Day|Redacted| +|5|Redacted Day|Redacted| + +Taxes: + +&#x200B; + +|Level 1 Sales Tax|Level 2 Sales Tax|Level 3 Sales Tax| +|:-|:-|:-| +|3%|8%|12%| + +As your tokens age, you earn more and more rewards and the sell tax increases up to the cap of the L3 sales tax. + +# Rewards + +**Level 1 Lottery**: At level 1, meaning starting from the moment you purchase, you are able to participate in the daily lottery. Every token purchased within a 24 hour period counts towards entries into the daily lottery. At the end of each 24 hour period, 10 wallets who have entered that day are randomly selected and the winnings are distributed evenly among those 10 winners. Not only is this just cool, it greatly helps with the volume problems of other BUSD rewards contracts. + +Between the lottery, low buy tax, and low level 1 sell tax, this is the only stablecoin rewards based system in existence that makes it possible for day traders/swing traders to participate in. + +**Level 2 BUSD Rewards Kit:** At Level 2, tokens start earning rewards from the L2 rewards wallet paid out on a weekly basis. Every Monday, rewards are distributed from this wallet to all Level 2 tokens in circulation. + +**Level 3 BUSD Rewards Upgrade Kit:** At Level 3, tokens start earning rewards from the L3 wallet in addition to the L2 wallet. So all Level 3 tokens in circulation will receive their BUSD rewards from both the L2 and L3 wallet. + +**Beyond Level 3:** Our taxes cap at Level 3 but we are still tracking the age of tokens beyond that. This gives us the ability to pay out even more rewards from other parts of the ecosystem which you can read about in the whitepaper. + +# Utility + +The idea behind Many World's is to not create some massive system and be in competition with the titans of the industry, but instead to create bridge utility between client/ecosystem, ecosystem/ecosystem, and metaverse/metaverse. The first stage of that process is going to happen within our own ecosystem and connections will happen with partners and internal projects as we continue to build out the software. You can read more about the utility [here](https://docs.manyworldstoken.com/whitepaper/usdmany-worlds-platform/vision). + +# Entertainment + +One of the Devs is an executive in an entertainment design and development company that creates innovative content for film, television, streaming platforms, home video, and themed entertainment attractions on a global scale and has developed animated TV series’ that are on Disney+ and animated media for IP-based themed attractions. + +Through this strategic partnership, we will have the capacity to take on new ecosystems with an entertainment focus and we will expand our stories from NFT Comics that will be traded at our NFT Trading Post to Metaverse PTE Games, NFT Avatars, Mobile Games, Animated Feature Films, Animated TV Series, Tabletop Games, Trading Cards, and so on. + +The art that was teased above is to show what our first NFT Comic Books will look like before we move into the other industries noted above. + +# Summary + +This is 1000x opportunity but not just from the need to hype it up. With our visionary tokenomics, well-connected and transparent dev team, utility use-cases, strategic partners, and awesome ecosystem, this is a crypto moon shot that won't just touch the moon and come plummeting back to Earth, but it can reach the moon, build a base, and then head further across the cosmos. If you're eager to get started please review the links posted at the top but if at this point your screaming "take my money", join the discord for an opportunity to be part of the whitelist. + +**THE DEADLINE TO PLEDGE IS DEC 20TH AT 4PM, PLEASE JOIN THE DISCORD FOR THE PLEDGE FORM.** + +**TL;DR:** Doxxed leaders, audited by Solidity, worlds first marginal crypto tax system, stablecoin rewards, daily lottery, amazing art, big ambitious plans, and we are just starting the pinksale this weekend. With the ability to have multiple tax lots that are also rewarded differently, we created a healthy trading environment for traders of all classes and sizes and a scalable environment that doesn't have a barrier to entry only rewarding the early whales. There are so many more goodies that I'm not going to put in here because I know your attention spans are a 7. +*Hodlers* + +If you have lost a large amount of money over the last couple of days, please just take a breath and calm down before you make a decision on what to do next. + +Whilst I'm sure people on here dislike XRP, we are all here for the same thing, to enjoy and make money. + + If this has affected you mentally and you are struggling, please reach out. +Much of the debate on the RC's recommendations relating to mortgage brokers, both here and in the wider media, seems to be proceeding without any reference to the case studies and evidence that were actually examined by the RC. I hope to give a fair summary of those case studies and evidence which will shed some light on Hayne's decision to recommend a fees for service model, but of course there may be disagreement about what the evidence shows and you should draw your own conclusions in that regard. + +Two case studies focused on mortgage broking. The first was called "CBA broker relations and accreditation"; the second was called "Aussie Home Loans broker misconduct". In my opinion, the first case study is somewhat more relevant to the fees for service recommendation than the second. All page references are to Volume 2 of the Interim Report. + +**CBA broker relations and accreditation** + +* CBA got 41% of its home loans through its third party distribution channel (p. 17). + +* Brokers who wish to submit home loan applications to CBA had to go through an accreditation process. To maintain accreditation, they had to submit at least 4, and settle at least 3, home loan applications in a 6-month period (p. 17). + +* CBA receives home loan applications through mortgage aggregators and franchisors ('Head Groups') (p. 17). CBA's contracts with Head Groups require Head Groups to promote CBA's reputation and products (p. 18). + +* Head Groups were paid bonuses if they met performance targets and if Head Groups promoted other CBA products, with these payments (or portions) being passed on to individual brokers (p. 19). + +* CBA gave non-financial benefits to brokers directly, eg tickets to hospitality or sporting events - up until December 2017 there was no limit on the value of benefits that could be given, but afterwards it was limited to $350 per year per broker (p. 19). + +* Until shortly before the RC hearings on brokers, CBA divided its brokers into four 'tiers'. Those in higher tiers had their loan applications turned around faster. Brokers got to higher tiers primarily by volume of loans submitted and drawn down, but possibly also through other unspecified reasons under the 'quality and complementary metrics' (p. 20). + +* CBA's broker-originated loans have higher total debt-to-income levels, higher loan-to-value ratios, and higher interest costs than loans from its proprietary channel (i.e. loans made directly by CBA through its branches/employees) (p. 21). ASIC also found that this was the case, and that overall broker loans had higher incurred costs (p. 29). + +* CBA did not tell customers the amount of the commissions paid to Head Groups or brokers (p. 22). + +* In 2017, CBA revoked 710 accreditations on the basis of broker 'inactivity', i.e. not submitting enough home loan applications (p. 23). + +**Aussie Home Loans misconduct** + +* Aussie Home Loans was a subsidiary of CBA (it has now been spun off) (p. 33). + +* From 2011 to 2015, four AHL brokers falsified documents including bank statements, payslips and employment letters in home loan applications (p. 33). + +* AHL did not detect any of this misconduct by itself - it was discovered only when the lender informed AHL after investigating (p. 34). + +* AHL did not report any of the misconduct to police and did not report three of the four brokers to any professional associations that had the power to expel the brokers (p. 35). + +* AHL did not notify any customers about the broker misconduct, instead simply transferring affected customers to new brokers (p. 35). + +* AHL took no steps to investigate whether other loans, including those that originated through the four brokers, were affected by misconduct (p. 40). +I recently got a job at a warehouse doing night shift duties. Lots of heavy lifting and repetition but it's pretty straight forward. I clear about $1080 per week after tax. I have this feeling like I'm not suited for the job and the physical exertion is taxing even after 16hrs off between shifts, but I know that compared to other jobs out there that I am paid well, at least I think I am? +https://www.cnbc.com/2019/11/06/tax-rates-and-income-brackets-for-2020.html + +For married individuals filing jointly: + +10%: Taxable income up to $19,750 +12%: Income between $19,750 to $80,250 +22%: Income between $80,250 to $171,050 +24%: Income between $171,050 to $326,600 +32%: Income between $326,600 to $414,700 +35%: Income between $414,700 to $622,050 +37%: Income over $622,050 + +For unmarried individuals: + +10%: Up to $9,875 +12%: Income between $9,875 to $40,125 +22%: Income between $40,125 to $85,525 +24%: Income between $85,525 to $163,300 +32% Income between $163,300 to $207,350 +35%: Income between $207,350 to $518,400 +37%: Income over $518,400 + +For heads of households: + +10%: Up to $14,100 +12%: Income between $14,100 to $53,700 +22%: Income between $53,700 to $85,500 +24%: Income between $85,500 to $163,300 +32%: Income between $163,300 to $207,350 +35%: Income between $207,350 to $518,400 +37%: Income over $518,400 + +For married individuals filing separately: + +10%: Up to $9,875 +12%: Income between $9,875 to $40,125 +22%: Income between $40,125 to $85,525 +24%: Income between $85,525 to $163,300 +32%: Income between $163,300 to $207,350 +35% Income between $207,350 to $311,025 +37%: Income over $311,025 +Hi guys, I'm really new to Bitcoin. I'm from Honduras and I put up all my savings to buy Bitcoin recently in Feb, 2nd. I really don't know why I did it but I thought it was a good investment because here in my country keeping your money in the bank is useless (like 1% annual interest rate) and is not convenient to keep large amounts of cash due to the high crime rates. So I put up all my savings, even convinced my mom and family to buy and they did it!!. And to my surprise in less than 1 month it went from 37K to 56K USD. This is mind boggling and a life changing experience for me and my family. Maybe I'm dreaming but if it goes up even more I'll be able to buy a house or start some business here. + +I really see now that BTC is the future, sadly not every one I talk about BTC understands or trusts it. + +Thank you for this awesome community. +Read into the full context regarding Dr Trimbaths recent tweets. If it was so easy to close positions in broker accounts, why didn't they do it during the January sneeze? + +Stop FUD'ing. Not everyone can DRS. + +The MOASS isn't a thing if you believe brokers can just press delete that easily. + +Calm down, people. +My friend Garrett never went to college and out of high school became a wildland firefighter. + +Garret came from a lower socioeconomic background, in a rural community, from a family that never had anyone graduate college. He did not attend, and is now (33M) an active member of the work force making 50-60 thousand dollars per year, advancing from nothing at 18 years of age with no certifications or skills into a decent job. + +He statistically will make half of what someone with a bachelors degree would make at his age, and will be liable as a member of the workforce to pay off the forgiven loans. Further widening the gap between the rich and poor. + +Liberal policy ain’t that catering to the poor if you think about it. The true poor are a silent pawn in this larger game of economics. +Hello all. + +I'm from a Non-EU country (Asian) looking to start investing in ETF's Germany. My question is regarding opening a depot (+current) account. Whether to choose DKB or Comdirect? + +As I understand DKB offers ETF Sparplan at flat 1.5€ whereas Comdirect offers at 1.5%. I'm more inclined to open an account with DKB. But being a Non-EU I'm not sure if DKB will accept my application. My initial Sparplan amounts are going to be less (like 150-200€ per month). + +Questions: +1. Should I give it a shot with DKB? +2. Or should I continue with Comdirect because of its straightforward process? + +I posted this question already on subreddit Finanzen. But I didn't get any relevant response. Hence I'm posting it here. Thank you. + +P.S. Couldn't create an account with traderepublic because unfortunately Asians have no possibility. +Hey guys, + +So I'm a UK national with Italian residency and had begun to dabble in investing at the beginning of this year with eToro's virtual then real platform. Now I'm mapping out my long-term plans more seriously and wondering whether eToro is a safe platform to carry on with? + +I'm comfortable with having a couple of hundred in there but my big question is whether it's trustworthy enough to hold hundreds of thousands over the years, and even further down the line, should I want anyone to inherit any of the assets, whether it is the right platform to allow that. + +eToro is obviously low-fee and easy to manage with no massive minimum, which is something I would be looking for in an alternative and, most importantly, it was accessible to me as an Italian resident (I've found quite a few platforms do not extend to Italy). Also predominantly interested in ETFs. + +Thanks in advance for any advice! +I am new to investing, and after reading a few books on the topic I still feel like I might be missing something really obvious about real estate investing. Imagine the following situation: + +You buy a property that costs €100k with a €20k downpayment and an €80k mortgage. You then rent out this property for 10 years and the rental income fully covers your mortgage payments and operating expenses. When you've completely paid out your mortgage, the apartment is entirely yours, and then you sell it. Even if the market hasn't moved and you sell it for €100k, you've generated €100k from a €20k investment, which is a 400% total return (ca. 18% annualized return). + +Some banks don't even ask for a downpayment (as long as you guarantee your loan with another property) which could lead to infinitely higher returns. + +It seems like a way better investment opportunity than anything that I've read about so far. What am I missing here? +[Twitter thread](https://twitter.com/SBF_FTX/status/1589399420487208960?s=20&t=QZmfOdd5sDL7Hc1dIUR3BQ) from his account: + +1. A huge thank you to everyone who has supported us--we're excited to keep climbing together. And especially to those who stay level headed during crazy times. We deeply appreciate it. +2. A bunch of unfounded rumors have been circulating. You can see [here](https://twitter.com/carolinecapital/status/1589264375042707458?s=20&t=F4OsBu8pcmHH5iMTsEIK4g), FTX keeps audited financials etc. And, though it slows us down sometimes on product, we're highly regulated. +3. We've already processed billions of dollars of deposits/withdrawals today; we'll keep going. (Taking up anti-spam checks to process more--sorry if you got those. We're hitting node rate capacity, will keep going.) Also tons of USD <> stablecoin conversions going on. +4. And in the end you should do what you want, and trade where you want. We're grateful to those who stay; and when this blows over we'll welcome everyone else back. +5. As always -- a huge thank you to our supporters. And to everyone else, as well, as long as they keep building and keep moving the industry forward. We'll keep building too. + +**EDIT:** As I type this edit the post has a 60% upvote rate and **every single person** that has commented that they withdrew (or similar sentiment) has been heavily downvoted. WTF??? + +**EDIT2:** It seems that the downvote situation stopped, some early comments were deleted in fear of losing karma I guess. + +Also, as pointed out in the comments: *FTX's stablecoin reserve just reached a year-low. $51M as of now. -93% over the last two weeks.* [Source](https://twitter.com/ki_young_ju/status/1589396703421272064?t=y4SjLwz2K6QouW7YVeBrqw&s=19) + +&#x200B; +Title: ***The Tides are Shifting, and a Tsunami Approaches.*** + +Professor and Chair Gensler.  + + +Upon reading your request to contact you with vital information, I've decided that not enough is being done by the institutions put in place to protect the average Joe, and therefore I've decided to draft this email. + +I understand the world doesn't change in a day, but I have seen little being done in reference to PFOF, Naked Shorting (Yes, it exists. I'm sure someone as educated as yourself surely knows this, and as chair, I'm sure it's evident now more than ever.) + +If you are likely to mention Robinhood and their PFOF fine. I apologize for my next wording, but that is complete horse-shit. +They were fined pennies on the dollar for what was profited via PFOF in their Q1 alone. +This needs to CHANGE. The fine must be VASTLY LARGER than the profits made. +Otherwise what's the point? It simply becomes the cost of doing business unless this changes. + +Now, I do apologize for my wording above, but these issues have been going on for decades and it's clear that a simple fine won't deter this behavior.  + +There was something I read a little while back that truly puts this into perspective.  + +If a man was to steal $100 from a grocery store, he would go to jail for roughly 5-10 years, and yet WallSt steals BILLIONS from the average Joe on a regular basis, and they are fined pennies on the dollar? This has to be some kind of joke? + +The gamification of this market, nay the global economy, needs to end. + +An Example of this was the SEC Hearing with Mr. Keith Gill, Robinhood's Vlad, Citadel's Griffin: +Mr. Gill, was forced to testify in court for simply saying "I like the stock", meanwhile, Vlad, Griffin, and other Institutional heads blast MSM practically begging people to buy shares of securities they're already invested in, and nobody bats an eye... + +\*Is this the world we are leaving behind for our children and grandchildren? Shame...\*Korea has banned Naked Shorting, Japan has banned Naked Shorting, Canada is currently in the works to ban Naked Shorting, and yet America has been playing this "yeah we will" game for decades.  + +America is meant to be the leader of the free world and yet Korea and Japan have further pushed their economy to benefit the people rather than institutions, meanwhile the USA lags far behind.  + +Evidence of this deception lies here: + +\[After the 2008 crash, there was an effort to curtail naked short selling but lobbyists soon quashed that. From Lucy Komisar’s (An Esteemed Investigative Journalist) article: + +”the DTCC had gone to the SEC with a proposed solution to naked short selling … with the DTCC creating “a centralized database \[that\] would prevent the same shares from being used for multiple short sales.” + +”(they) continued to try to fight naked short selling in the Dodd-Frank debate. But the SEC was dodging the issue, and Dodd’s Senate Banking Committee largely ignored it. + +”After the flash crash in May 2010, “… the SEC said it would create a consolidated audit trail (CAT) on trading in stocks and options. … **More than a decade later, CAT doesn’t exist**.” + +So this attempt at stopping naked short selling couldn’t overcome lobbyists and the DTCC itself.\] +`Credits to u/SpinCharm from Reddit's r/Superstonk` + +Naked Short selling needs to end. The Market will continue to be rigged in favor of institutions abusing the average retail investor. + +**The market is meant to help grow your wealth and invest in securities you believe in, not steal from the poor and give to the rich.** + +Society has long since halted development since the days of the engine. +This predatory practice of naked shortselling companies into the ground for a profit is ridiculous.. Many of which were developing technologies that would've progressed the medical and technological field by decades... + +If the average investor can look at a security's chart and tell something is off just VIA the volume trading 4X over the total float in a single day, over multiple days, then what is the SEC looking at?  + +DTCC-005 Rule has been played around with for months, and recently removed last month for "editing".. an entire month to say "No naked short selling" and still not reuploaded.  + +I'm not sure if you've missed anything here, but I would very much request that you contact either **Dave Lauer, Wes Christian or Lucy Komisar** for comment on this matter. + +They are the leading experts on this topic and I think they would play a fantastic role in the deterrence of naked short selling. + +***For further information, please view the PDF I have linked.*** +***This is the accumulated research, peer reviewed for accuracy by Esteemed Professionals.***  +[https://pdfhost.io/v/lRQ4HqpG0\_House\_of\_Cards\_Atobitt.pdf](https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf) +(There is no download, this goes directly to a secure PDFHOST website where you will be able to view it safely.) +`Credits to u/Atobitt from Reddit's r/Superstonk` + +**Is this the world we want to leave behind for our children? Truly?** + +Now I do apologize for heavily directing this information at you, as I'm sure you're stumped with many matters at hand, but I truly believe this trumps all issues in the market right now. + +I would very much like to thank you for your efforts in removing William Dunkhe, a CLEAR problem for the SEC, and I would also like to thank you for directing a new board.  + +***I have hope that you will do the right thing and change this system.*** +***Naked Shortselling is Financial Terrorism and needs to be cut out, as you would, a tumor.***  + +&#x200B; + +Looking forward to your next public statements. + +&#x200B; + +We are now approaching your 9th week. +Good luck, + +(Not sure what to flair this, so I'll go with Fluff.) + + +**TLDR: Naked Shorting is vastly talked about, several countries are in the works of cutting it out, and the USA keeps kicking the can.** + +* What insurance plans are you enrolled in, currently? +* What insurance plan did you cancel, and why? +* Is your insurance company prompt in addressing claims? What is the time taken to process a claim, in your case? + + +You can ask for a general review of a particular product or service that you are researching - "Is Acme insurance company good?" or "Is Acme term life insurance claims ratio as good as they say?", 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 ke padosi ka beta, and I need a plan for my papa, mummy, biwi aur bacche."), 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. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) +So I have been trying to make my own portfolio of funds and in the equity section I have come across this consistently highly performing fund house by the name of Quant, the only thing that irks me about hesitating on investing in the fund is their portfolio turnover rates are usually 2x-3x more than category average, is it a thing to worry that they may be changing their securities far too many times in a month? I confess I'm a novice in these things so any advice would be greatly appreciated, thank you. +Hi guys, +what do you think of the development of India for the next 10-15 years, but with looking on the things in a critical way and unbiased. +I am really looking forward to the answers ans it will help me and hopefully others too! +After having raised closed to 10 billion $ by selling a very small stake of its Jio Platforms business to PE firms and Facebook, Mr. Ambani is now planning to list Jio Platforms on a foreign exchange. I simply can't help but think this is a classic case of fleecing the end retail investor. I have already explained why I feel that Jio will not be a tech giant or an e-commerce giant. These PE firms and Facebook have cut big checks for Jio Platforms. However most of these PE firms are backed by LPs and need to dilute their stake in the "startups" like Jio they invest in and return back money to limited partners. + +An IPO is the perfect opportunity for these PE firms to dilute some or all of their stake with a pretty handsome return. Now I am presuming RIL would want to list Jio Platforms on NASDAQ or some other foreign exchange. These investment banks like Goldman Sachs and JP Morgan will compete with one another to help RIL list Jio Platforms overseas. Since the compensation of a lot of these investment banks itself lies in some form of stock compensation of firm being listed, they have a vested interest in ensuring the stock opens high. + +They will spin the narrative of Mr.Ambani opening the next Alibaba and China Mobile of India. While Jio might someday be the China Mobile of India, I can never see it becoming Alibaba. Alibaba literally had zero competition from foreign companies like Amazon and a LOT of government support. The story will anyhow be spun and a lot of retail investors in America will pump in money in this stock worrying that they might miss the next big thing. I mean everyone wants to invest in a company like Alibaba if the opportunity comes knocking. + +The stock will open with a bang thanks to all the positive coverage and tech frenzy + India being an untapped market narrative. The investment bankers will make a killing, the PEs will make a killing, maybe even Facebook. As time passes by, it would start becoming obvious that the tech part of Jio Platforms doesn't really work out. Hedge funds would start shorting the stock , making money for themselves. In the end of it all, it would be the retail investor pinning his hopes to Jio Platforms as an early retirement ticket that would bear the true brunt. Ambani is the first person in this entire scheme to get rich by raising so much all on a narrative that has consistently failed and getting rid of so much debt. +Hey guys, as you might know if you ain't a "Government employee" or a millionaire, health issues/accidents can take away all your savings. What are the best methods/tips/Health Insurance Schemes etc a "AAM Adami" should know/do? +NO. + +The bitcoin logo is already too big of an established brand logo. + +Don't make it even more confusing for new people. + +Industry people (Circle) don't know jack about marketing I guess. + +Edit: our current symbol should be added to unicode as a solution. +https://www.wsj.com/articles/schwab-in-bid-for-younger-clients-to-allow-investors-to-buy-and-sell-fractions-of-stocks-11571334424?mod=searchresults&page=1&pos=1 + +Fractional trading coming soon to Schwab +Hello /r/algotrading, + +I recently signed up for Alpaca, the commission free trading API that launched in October. I signed up for this account because I saw it launched on Reddit and have always been interested in writing algorithms to trade for me. I am especially interested in using machine learning for optimization. I have never written a machine learning algorithm before, but for this I have researched using tensorflow. The only reason I chose this is because, like alpaca, it is python based. If anyone has any other suggestions I'm open to ideas. + +Here is the part where I start to show my ignorance in trading. After a bit of data crunching and research, I decided that I'm most interested in identifying 20 day trends and buying when the algorithm expects the price to rise within twenty days. I guess the main issue is that I'm not entirely sure how I can predict these trends with any form of accuracy. I've been thinking about using a 5 day sma, 20 day sma, MACD, and a stochastic oscillator in addition to some past net change percentage data(I'm not sure how much I should use). + +My question for you Quants out there is this: As an inexperienced trader, what indicators should I be watching in order to identify these trends? +The app is now in Early Access! I took the feedback from the initial beta a few months ago and implemented some of the changes requested. The alert creation process is a lot smoother and I also added stock/etf price alerts as well. The app is entitely free to use. Hope it helps! 🤙 + +[Strike Beta](https://strikeapp.io) +**Edit: Thanks for the questions everyone! We're going to conclude the Q&A! See you all again soon!** + +*Edit: We'll be hopping on to answer all your questions at 3pm ET, but in the meantime please upvote the thread and post your questions!* + +FinCEN, an arm of the US Treasury, has proposed a new rule allowing them to track your cryptocurrency transactions without the need for a warrant. They want to force all cryptocurrency exchanges to keep records on transactions to private wallets over $3k, and automatically report all transactions to private wallets over $10k directly to FinCEN. These reports will include things like your name, transaction amount, and even the public address you are sending the cryptocurrency too. With this information, FinCEN has the ability to not only surveil all your future transactions, but also view past transactions. No private or government entity has the right to access such sensitive information, and this move should be met with fierce resistance. + +Luckily, we have 1 more day to make our voices heard, as comments for this rule end on Jan 7th. If you oppose this move by FinCEN, head over to [StopFinancialSurveillance.org](https://www.StopFinancialSurveillance.org), and tell them to reverse course on this terrible new rule. + +We're here to answer your questions, so ask us anything! + +Participants: + +Joe Thornton, Fight for the Future - /u/fightforthefuture + +Peter Van Valkenburgh, CoinCenter - /u/Valkenburgh + +Kristin Smith, Blockchain Association - /u/KristinSmithBA + +Miller Whitehouse-Levine, Blockchain Association - /u/Millerwl + +Hayley Tsukayama, EFF - /u/EFFOrg + +Rainey Reitman, EFF - /u/EFFOrg + +Marta Belcher, EFF - /u/EFFOrg + +Danny O’Brien, EFF - /u/EFFOrg + +Jon Callas, EFF - /u/EFFOrg + +\--- + +If you want to support our work, we accept cryptocurrency donations here: [fightforthefuture.org/donate/cryptocurrency](https://fightforthefuture.org/donate/cryptocurrency) +A short story fan fiction posted on behalf of Wuz: + +[https://www.youtube.com/watch?v=ZRfnWpV4i7E](https://www.youtube.com/watch?v=ZRfnWpV4i7E) + +Why are 75%+ of their portfolios in options? + +Why are they paying brokers for their order flow? + +Imagine you are playing poker, except you see half of the table's hands. This is the equivalent information of seeing 40% of order flow through your quant code. Next imagine you are playing roulette as the house except you get to choose where the ball lands. This is how they are abusing the options market with flash crashes, spikes, and EOD pricing. These metaphors are the essence of how these funds have stolen gigantic sums of money from retail traders. + +If you were at a poker table where you could see certain opponents hands would you not be more inclined to play hands against them? The order flow they are paying for is almost exclusively retail investors. Who are they most inclined to manipulate and bet against? The shown hands of their opponents aka retail securities and options buyers. Did we forget what WSB was most known for? Options loss porn and margin calls. If you can see the entire retail options spread, while simultaneously having the ability to bet on your own options, you can tell the price points that facilitate the most pain for your order flow and additionally cash in your own bets to skew the cost/profit equation of manipulating the price in your favor. Also, flash crashes and high volatility lend themselves to more margin calls and more pain for undercapitalized entities. + +Sadly, it goes much much deeper than just these indiscretions. Not only are they betting against their own order flow, they are using it to win. Failure to Delivers does not only include short sale borrowing… It also includes when the buyer or seller of a security fails to deliver the share or payment. [https://www.investopedia.com/terms/f/failuretodeliver.asp](https://www.investopedia.com/terms/f/failuretodeliver.asp) + +In battleground stocks or stocks that have upcoming important dates or earnings calls these MMs are holding their buys and sells (converting them to FTDs) and using this “ammo” to activate their own option spreads and decimating retail with easy to program quant data given to them from these broker's order flow. Cost analysis is the basis for most of these plays. I.e. It will cost us $XXX million to sell through X basis points and activate $XXX million worth of our options. Imagine if you don’t even have to use your own shares/capital to be doing the buying and selling: the possibilities for manipulation are truly endless and your cost/benefit analysis will almost FOREVER be in your favor. And guess which stocks they will ultimately have the most “ammo” for? The stocks bought and sold most heavily by retail. All they are required to do is deliver the share (eventually) or pay the broker for the sale - There is no record or tracking mechanism for the actual free market transaction. This is why they don't need to own shares - they get them daily from their order flow. This is also why the DTCC has put stronger restrictions on FTDs and non-delivery of securities. + +[Poker](https://en.wikipedia.org/wiki/Poker) and other games are an important part of the SIG company culture. The founders and senior traders believe that poker teaches lessons on decision making under conditions of uncertainty. SIG hosts an internal poker tournament annually and has even used poker as a recruiting tool.[\[14\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-14) The company employs [Bill Chen](https://en.wikipedia.org/wiki/Bill_Chen), a [World Series of Poker](https://en.wikipedia.org/wiki/World_Series_of_Poker) star, in its quantitative trading group.[\[15\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-15) + +[https://sig.com/quantitative-trading/game-theory/](https://sig.com/quantitative-trading/game-theory/) + +With Steve Bloom, Eric Brooks, Arthur Dantchik, Andrew Frost, and Joel Greenberg, Jerry Yass founded a firm in May 1987 to deploy their **poker** skills in the options markets. All founding members of Susquehanna were professional poker players. Nov 22, 2018 + +They are playing poker against us, but they can see our cards. + +[https://www.youtube.com/watch?v=FpNWvxE9nXY](https://www.youtube.com/watch?v=FpNWvxE9nXY) + +Edit: you know its good when the susquehanna shills are commenting + +Edit2: Wuz: I bet if you were to audit Robinhood inflow and outflow of funds you would find a HUGE imbalance of losses especially on options trades. When GME mooned they had never had that many people "win" before they didn't have the cash to cover it. + +edit 3: The massive volume we are seeing in the after hours glitches is Citadel transferring shares back and forth to cover FTD’s from shorts but also a metric shit ton of retail buys that they have never truly delivered to the brokers (don’t panic your broker is still liable for your share even if Shitadel didn’t buy it). The less shares they have to do these dark pool trades with the more frequently (higher volume) they need to trade the shares back and forth to cover the ever increasing FTD’s. They are also using deep ITM calls as covers for their short interest. This is why we see a decrease in short interest, but no true upward buying pressure. This is why we see daily 5 and 6 figure FTD numbers with no true upward buying pressure. +Long time lurker, first time poster. I'm a 21-year-old MBA student and employed at a fortune 500 making good money. At the advice of a recent post, I picked up Millionaire Fastlane and when I got to the point about slowlaners, it made me extremely nervous about the advice I've been given by almost everyone else. + +Essentially, a slowlaner is some who saves their income in investments like 401k's and IRA's in hopes of being rich when they retire, while working like a dog for forty years. The argument made is that this is a gamble just like starting a business, but with less payout, and we are sacrificing happiness if we follow this path. + +I would really like to hear the take of some of my elders on this point, and see if they agree/disagree and why. What worked for you? Have any of you been able to fatfire by living in the "slowlane"? +I'm realizing a lot of things lately. Divorce will soon be official and I'll have my kids 50/50. + +My mental health is in the dumps and I don't have a penny to my name. I have stuff though, yay me 🙄 + +I don't care for my job but don't have many skills and no clue what I would do. + +I've made a reminder list of what my life is for. Right now all I have on the list is kids. I think that's okay with me. + +Now to restructure, rebuild and start over. + +I think I will sell off a lot of stuff. I have projects that I'm saving for when the kids are older. Like 10 years down the road. Thousands of dollars worth of stuff just sitting around. Wow, that's crazy to write out. + +I don't know how I am going to do life with what I make alone and after support, even with 50/50. + +Time to buckle down I suppose. I'll be around here more often. Thanks for listening! +I originally thought of this when I was just starting out in the first year of my career after graduating from college. I even came up with numbers on a sheet of paper. Last night, I brought it up in response to a question, and I thought I would share it here. Your mileage may vary... + +**You Only Have A Limited Number Of Prime, Productive Hours In Your Life** + +That is the short answer, but take the time to really **consider the actual number of hours available to you for personal fulfillment** outside of work, preparations, commute, attending to bodily maintenance - and you will soon realize that **the best years of your adult life are spent trading the precious hours of your life for money**. + +Granted, most of us are not born rich. We need to trade what we can offer for things others are willing to offer us. But we can **try to minimize the damage** and waste by making smarter decisions. + +**In a week of 168 hours, you might spend**: +56 hours sleeping +8 hours in the restroom/bathroom +8 hours dealing with bullshit like bills, maintenance, laundry, errands, waiting for the bus, being sick, listening to sales pitches, dealing with junk mail, etc. +**That leaves you around 96 hours per week of prime time to spend**. + +So take around 96 hours times 52 weeks per year times 10 years, and that gives you **less than 50,000 hours per decade to do as you wish**. Let's just say 50,000 to add in holidays, vacation, etc. + +But you got a full time **JOB**. Lucky you! So you spend 50 hours per week getting ready for work, commuting, being at the office or factory, etc. That's 50 hours times 52 weeks per year times 10 years, or 26,000 hours of your life. + +You, my friend, are down to **24,000 hours of life to do as you wish per decade**. (Around 2,400 per year.) And you only have a few *prime* decades of life. **And most of these 24,000 hours left for you are not in the prime daylight hours, not in the energy-rich physical or mental state hours of the day, even** - which is why, if you are the average American, you are so tired when you come home that you sit in front of the television to watch some 20 to 30 hours per week of mostly mindless drivel, some of it to wind down from the stress of work. (You can calculate your actual TV or gaming or Redditing or whatever hours for yourself, to figure out how much you think is entertainment, and how much is just is killing time.) + +**That you trade hours of your life for money means personal finance also means "management of your dwindling bank balance of number of years/hours left alive to do what *you* want"**. Like, how much of your precious life energy - especially your prime awakened hours - do you want to spend earning money for that Starbucks latte, or that cheap shit from China, or flipping burgers instead of sitting in an office, or paying off credit cards (with discretionary dollars available only after rent and food and other mandatory expenses are paid), or student loans, or that new car, or even how much of your life you want to spend paying taxes. + +Now, I'm not saying this from a condescending position of early retirement or financial independence. Personally, I am just a wage worker. I currently put in about 45 to 50 hours per work week, to provide a living for my family and to help put my wife through school. But I have never forgotten this very personal calculus, and I try to always remain frugal and avoid debt because of this. *Carpe diem* my friends. + +**Edit**: Grammar, etc. no, I never read the book! Your Money or Your Life, but I'm not surprised that many others have thought of this long before me. **Thank you for the Reddit Gold!!!** + +**Original comment located here**: http://www.reddit.com/r/financialindependence/comments/2drpsu/what_is_your_reasoning_to_retire_at_a_young_age/cjslef2 +Hey guys, I've been theta ganging since June 2020, making $300-1,000 per week on covered calls and cash-covered puts. I'm asking the veterans, what do you do with your federal tax withholding? Do any of you pay quarterly taxes because of your theta gains? + +25%-30% of my income is Theta Gang. + +I just found this subreddit so i'm looking forward to posting my weekly plays and profits. +I have a brokerage account that represents about 1/3 of my net worth, and in that account I have about 10% in a boring and underperforming actively managed fund. The rest has generally been a mix of passive etfs and cash. Since April I’ve been collecting premium with my cash stockpile, running the wheel on a number of stocks (and SPY when it was under 300). I’ve been sticking to CSPs mostly and on companies I’d be happy to hold for a few years (plus some exciting high IV garbage companies for small bets) because I’m quite unsure of the medium term health of the American economy. + +I’ve been keeping my total exposure to 80% of my total cash or so, partially so that I can average down if I feel it’s warranted, and partially so I keep some powder dry in case this rocky economy presents another March level buying opportunity. + +I have about $95k in available margin that I never touch. I’ve always been reluctant to use margin because of the obvious impact it can have in magnifying losses. I don’t like the idea of paying interest to own stock because I’m in theta gang obviously, I prefer time to work for me not against me. HOWEVER, that $95k line of credit is making me curious and I wanted to gauge this community’s thoughts on the matter. + +I’m considering using a chunk of that margin buying power to sell puts on a few defensive stocks or ETFs, and roll contracts rather than take assignment or run the wheel. Is this something you do? Where are your personal risk tolerances with regards to margin? Is there a lower risk thing I could be doing to turn that otherwise unused buying power into money? And if you were to do this, what strategy would you like? 30 delta/45 DTE/roll for credit? + +It seems to me the primary risk here is that I do this on an underlying that drops rapidly enough that I can’t roll the contract, but even in that situation it seems like I could roll out and avoid assignment, no? Example, I sell a put on XYZ at $100 strike and boom news hits that sends XYZ to $50. I collected $1 on the put and now I owe $50 on it with 30 DTE. But presumably I could then sell a 60 DTE put at $100 (or $95)? I could creep down, not making any money really but just avoiding taking a loss until the stock recovers or I’ve converted enough time value to reach the market price. I could also hedge this somewhat by buying way OTM puts to turn the puts into very wide vertical spreads. + +It seems another major risk is that whatever I’m doing with this buying power is correlated to my portfolio, and that a major move makes my margin positions red also chops up my buying power and I face a margin call? I’d...like to avoid that. + +Mostly just soliciting thoughts here. Any risks jump out that I’m not considering? How common is this strategy to monetize buying power? + +Thanks for all input, helpful or otherwise. + +EDIT: +Thanks to all for your comments, in particular the brisk warnings, which I appreciate (100% sincerely) and probably needed to hear. + +I want to rephrase and focus my question slightly in light of some of the responses: Is there a way to turn unused margin into positive risk-free returns below the risk free rate? +I've been doing the standard SPY 45DTE that many people do. I copied it from here actually. Been dipping my toes in 30 DTE. But I want to try the weeklies. Don't have enough confidence to just launch a bunch. What has worked for all of you? Thank you all for your feedback. +I didn't expect to be writing one of these "asking for advice" posts. but here we are. + +I sold some TQQQ puts (doesn't really matter for how much.) I got early assigned. Good thing, when things started to go south I bought some 30p. They expire 5/20, but for now the $30p is capping my losses. + +I sold a bunch of calls in the high 30's last week, closed them all today in prep for selling my TQQQ shares. But I have several choices in front of me. + +Sell the shares and keep the 30p's through tomorrow in case things get worse. + +Sell the shares and the 30p's now to squeeze out every last drop of extrinsic. + +Keep the shares and sell a bunch of 30c's (If I was going to sell the shares today anyway, won't hurt to sell them at $30 next week) + +Update: I sold the shares and the puts for $30.28 combined. The good news is that I'll be getting a $3000 tax deduction for years to come...? + +&#x200B; + +My strongest inclination is just to take the losses, close everything TQQQ and look elsewhere for opportunities. But, if TQQQ stays in the high $20's I can pick up a few bucks with covered calls. These covered calls will never make up my losses, so it might be better to cut off the infected limb. + +&#x200B; + +Thoughts? Anybody in this boat with me? Thanks... + As I do more with the wheel I find that I like it and think (I hope🙏) I can make a bit of profit (and clean up that red). So I’m wondering what tools people use for scanning for the best stocks to wheel. How do you find the highest IV stocks? The ones with the most premium? + +Right now I’m just scanning WSB and looking at what meme stocks people are hyped about then looking at those to see if I want to own them or if it’s worth it. I also read a bunch of news/financial sources to see what is happening and what those people are pumping. +I noticed a trend that I really like with a lot of DRS posts. + +APES use objects to cover up personal information parts of the DRS papers. These objects often tell a story without actually telling a story by using objects from Hobies or interests that they have as it lets people know things that some Apes like and that makes me feel really good and more connected for some reason. + +And this is all done without revealing personal information. + +That is all. + +Keep up the good work. +So, I work in an extremely high volume, and niche manufacturing plant and I work on a 4 man team. We work in a lab that runs in an assembly line type of fashion. When we are down a man we suffer, but can make do. Currently we are down to 3 workers because our last worker quit (because this job is stressful and lacks common sense). Well, today another worker announced he is leaving in two weeks. So this is causing panic. This causes millions of dollars in products to get backed up almost immediately because it's impossible to process being so short shifted. + +My question, should I use this opportunity to ask for a raise? + +Can they really refuse my request at this point? I'm 50/50 on if I'd just leave if they declined. + + +Recently I cashed out part of my stock options (about 400k out of 2.3m NW most of which is tied up in my employer stock which has been performing greatly). I'm considering investing about half of that in index funds but wonder if I might just be buying in at the top of the market. On the other hand, I've been waiting for a correction for years and at this point am not sure if it'll ever come. + +What's the consensus here? + +EDIT: seems I was able to trigger an interesting discussion! Most people think I should invest now but there's also a couple of discerning opinions. + +My main takeaway is that I already have too much stock market exposure through my company stock and that I need to diversify away from that. I will most likely look at investing but maybe in a more diversifying way (REITs seem interesting and I also like the war sector in today's world). I will also look at shifting more of my company stock, possibly to repay part of my mortgage. Thanks! +Hey everyone, + +29\[M\], live with my GF in NYC. I have worked in finance for seven years but am being let go from my current position at an investment firm due to burnout and politics. I will be moving on from current job at end of year. + +Over the last five years, my earnings have been roughly: 75K, 130K, 270K, 600K,1.4M, and then this year earnings will be \~ 800K. This has been driven by a mix of career moves and career progression although I was working 24/7 and completely burned out by the end of the pandemic and highly looking for some time to spend on personal hobbies, personal business interests, and with friends again. While I reached my peak earnings last year and more than I thought I would ever make, I was not happy and it was having physical and mental effects. Burnout is real! + +**Assets:** + +· 200K cash + +· 440K retirement accounts which are fully invested + +· 1.75M invested in concentrated portfolio of stocks + +· No home or cars or physical assets of any kind + +**Liabilities:** + +· \~ 100K tax liability on unrealized capital gains + +· No other liabilities + +*Net worth = \~ 2.3M* + +**My budget:** + +· Rent: 2K per month // 24K per year + +· Other expenses: \~ 4K per month // 48K per year + +· Total = \~ 72K in expenses per year + +I haven’t taken it to the extreme but I have always considered myself a saver as I wanted to put myself into a position to dictate my path. My original FIRE goal was 10M but given I’ll be leaving my current firm without another job immediately lined up I’m reconsidering. + +My concern is that at a 3.5% withdrawal rate I barely cover my expenses and leave no room for lifestyle inflation or unexpected events (what if I need to help family or have family in five years). And obviously expenses would increase if I had to buy insurance which I think would cost me \~ 10K / year. + +My FIRE dream is not to retire but rather to just have the freedom to dictate my path and freedom to explore ideas and hopefully start a company. When I enjoy the people I’m working with and how I’m spending my time, I actually have a lot of fun and get a lot of fulfillment through work. It has always been my dream to start a company (ideally SaaS), something I had contemplated doing down the line once I felt more secure with my assets but recent career events have forced me to consider this earlier than expected. + +The key thing I’m thinking through is if I need to get another job in order to work more, and save more in order to feel more comfortable or if I should take the plunge. + +I also worry that if I get another job, I may find myself with ‘golden handcuffs’ or without the drive to leave and start a company as maybe I’ll have higher expenses by that point. So it does seem like the time. + +Trying to start a company feels like the courageous route but I worry I’m not in a financial situation yet to be able to 100% commit to that life path. One idea would be to find ways to have some income (courses or side projects) to bring in some income so I don't drop completely to zero. + +**Question** + +I'd love to hear people's thoughts or framework for thinking through this situation and if anyone has confronted a similar situation, what did you do, and how do you feel about it. + +**EDIT** + +Really appreciate all the thoughtful responses. My first post ever and amazing to me so many people take the time to offer advice and thoughts. Would be incredibly difficult to schedule this many calls and have 20+ conversations to get all these thoughts. Thank you! + +Burnout is real and I think everyone that said to take some real time off to recharge and think has it right. It's fear of stepping off the path and out of the game that has stopped me from committing to taking some time off, truly recharging, and spending time reconnecting, thinking through passions, having conversations, and tinkering with ideas. But I do think now is the time. +I (26F) currently work as an analyst for an energy company earning £30k. On average, I make the company £20k+ a month by finding mistakes in counter party bills, resulting in more money to my company. Some months it’s been closer to £40k. + +I have been offered a job in the civil service paying £36k. And whilst it’s not a huge increase, there are other perks such as the CS pension. + +I also had a job offer paying £38k but it was only a contract role, and in the covid climate I wanted stability. They sought me out for this role as I used to work for them. I think in the market I could achieve more than the £30k I’m currently on. + +Is it worth asking my current employer if they can match the salary? I have only been there 6 months but have added atleast 200k in value by finding billing errors. I am often praised for how much value I’m adding. + +I really enjoy my current job. My manager is great, he’s really helpful and allows me a lot of flexibility. But ultimately I don’t know how much room to grow there is in my current role. The settlements team is only me and my boss so there’s not really any room for promotion. + +As an aside, I’ve been told by people in the civil service that the level I would enter at (HEO) would essentially be an admin role. In my current job, I’m learning a lot of analytical skills. So wondering if it would even be worth considering the CS job or whether it’s worth staying where I am for a year or so, then leaving to find a higher paying role in the private sector. + +I do want to progress my career and increase my salary so any advice would be appreciated. + +Edit: thank you all so so much for your very insightful comments! I did not expect such a great response +Hi, this is just for curiosity, covered call ETF can be hold forever without any risk in their dividend payout ? What are the possibilities of a dividend cut ? I’m not talking about the capital gain or lose, just the dividend, this is because I want to know if I can trust this covered call ETF as a relatively safe monthly income. Thanks +Hi, this is just for curiosity, covered call ETF can be hold forever without any risk in their dividend payout ? What are the possibilities of a dividend cut ? I’m not talking about the capital gain or lose, just the dividend, this is because I want to know if I can trust this covered call ETF as a relatively safe monthly income. Thanks +This is a story that \*involves\* GME, but it is not \*about\* GME. + +The events I'm describing here happened on January 28 in my cash retirement account. + +In short, I had some GME shares, and used the interface to sell them immediately after I read that Robinhood announced the disabling of their buy button. A few minutes later, it did not appear to work, so I attempted to sell again. Subsequently, my account showed that both "sells" went through. Then my account had the cash from both sales, and a negative balance of shares that I was required to deliver in 3 days. + +After seeing the stock price dramatically rise and my apparent liabilities increasing (without limit), I freaked out and covered the short position at a huge loss (\~$180k). If I was lucky and the price went down, I could have been able to cover the short at a huge gain, and could have kept my mouth shut (not that I would have). But instead I'm out a bunch of money in my retirement account that was a result of this bug, and Schwab owes me about $180k. + +Had I not covered this erroneous short position, the shorts probably would have become what we know to be "Failures to Deliver". + +I have attached the record of what happened below, which I sent to Schwab soon after the event, to try to get the situation undone. I eventually was able to call their support team and they said I would have to wait 30 days to resolve the situation. + +The guy on the phone said they were having lots of problems with this bug, in other equities too. I can't recall the complete conversation. + +Anyway, I recently got a message in the system that I would have to wait \*another\* 30 days. So I flipped my shit and now I'm posting about it here. Please don't comment about how retarded I am for investing my retirement in GME. That's not the story. I do what I want, I like the stock, and there is a serious problem here completely unrelated to how retarded I am, and the general public absolutely needs to know what is going on. + +I have no information about how many other naked short positions were created by Schwab. I do know that it was more than just myself, and in other equities as well, based on my conversation with their support representative. I have no information about whether or not the bug still exists. I did not test it beyond what happened. It may very well be the case that the bug is still a problem, as far as I know. + +Related: I recently posted something that made me suspicious to /r/stocks \- [https://www.reddit.com/r/stocks/comments/lnvero/i\_strongly\_suspect\_that\_schwabameritrade\_does\_not/](https://www.reddit.com/r/stocks/comments/lnvero/i_strongly_suspect_that_schwabameritrade_does_not/) + +I didn't realize this until today, but I connected the dots between the details of this post and what happened to me in my Schwab retirement account. i.e. Schwab+TD are the same company, and these two things could be related. + +Here is the message I sent to Schwab (for a record of what happened). You might notice that it's a 401(k), which most people might note does not usually allow individual stock trading, but it is a self-managed fund, and individual stocks are actually allowed: + +\------------------------------- START OF MESSAGE ----------------------------------- + +To whom it may concern: + +My name is ####### #######, my account number is ####-#### + +I attempted to call your 1-800 number several times, but I was unable to get through to your support. Here is a breakdown of what happened: + +There is a bug in your system that caused my non-margin account to briefly become short GME shares. My account is a non-margin 401(k) account. In good faith, I spent $430k to cover the position that my account should not have been allowed to get into. Two trades need to be undone. + +At market open, my position this morning was NNNN shares of GME. + +At 11:09, I attempted to place a market order to sell NNNN shares: Order #AAAAAAAA + +The order did not show up for about 10 minutes. My account balance still showed NNNN shares, so I attempted to make a similar order again. I placed a sell of "Limit Or Better" to sell NNNN shares at $125. Order #BBBBBBBB + +About 10 minutes later, I got confirmations for BOTH ORDERS, and a notice that the account was due securities. I DO NOT have a margin account, and it should not have gone short, the system should have rejected one of the orders because the shares were not in my account. + +Once I realized what the system did, I saw the short position which your system erroneously put me in, and to protect from the potential infinite uncovered losses on my account, I did a market buy at 11:44AM for NNNN shares using the "Buy to Cover" button, which zeroed out my position in GME. Order #CCCCCCCC + +The erroneous trade needs to be undone, and my buy to cover also needs to be undone, as both of these are not legal trades for my 401(k). + +Orders #BBBBBBBB and #CCCCCCCC should not exist on my account. #BBBBBBBB is a result of a bug in your trading system, and #CCCCCCCC was a good faith attempt for me to prevent the issue from becoming a much bigger problem. + +I'm sending this in a timely manner so there is a record of what happened, and I will refer to it when I call again when your call volume is reduced. + +\-------------------------------------------- END OF MESSAGE ------------------------------------- + +Disclosure: My current positions in my 401(k) are as follows, ignoring what Schwab owes me: + +GME: \~4500 shares + +Cash & Money Market: \~$180k. + +Again please don't comment about the intelligence or stupidity of my investing strategies. None of this is advice. If you do anything related to what I'm talking about here, you're probably stupid. I'm only trying to point out a massive problem with Schwab that indicates to me a potential systemic risk in the markets (and Schwab investors). +https://www.reuters.com/sponsored/article/popularity-of-gaming?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29 + +China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. + +The Wall Street Journal said a mid-level delegation was due to travel to Washington ahead of Liu’s visit, but the trip has now been abandoned. + +Earlier this week, China added $60 billion of U.S. products to its import tariff list as it retaliated against U.S. duties on $200 billion of Chinese goods set to go into effect from Sept. 24. +I realised more and more shills here. That's ok. But this post is to reach out to the non-shills. + +When looking at moonshots, what are the top 3 things you note? +I got a pitch for a fund the other day that talked about how much the income from dividend payments can positively impact returns on a fund heavily invested in dividend-paying stocks. + +I had two responses to that: +- Dividend ex-dates are known binary events so EMH says that the dividend (and future dividends) are already priced into the stock. +- The stock price drops by the amount of the dividend payment after the ex-date, so paying a dividend does not actually change the value of a portfolio except for turning some of the equity into cash. + +When I asked these the adviser went on about how dividends were signals of financial strength (ok, sure, but is it still the 1930's when there were no other signals to look at?) so I dropped it and left. + +But it kept bugging me, so what do you all think? What's the big deal with dividends? + +[Where the government covers 25% of the price but then owns a percentage of your home till you buy them out?](https://www.geelongadvertiser.com.au/business/economy/victorias-controversial-bid-to-own-part-of-your-home/news-story/d670c080acbb593a1d308a0db43fe15c?fbclid=IwAR1Eo1f_WqK8269FwebK-gB5GwMtUrBZIvBhAMeV8wPmSqmH7FIbEkb7HXU) + +I think it will be a good thing for those eligible (it doesn't mention the government charging any interest) but am keen to see what everyone else thinks.... + +Do you think we will also have a QLD/SA/NSW equivalent? +Hi guys, my fiancé is resigning from her full time job in childcare to study full time, and work a casual job 2-3 days a week. She has a fair bit of annual leave built up. Does she need to take that leave before handing in her 2 weeks notice or will it be added to the final pay check? This is the first “real” job either of us have left and any advice would be appreciated. +Cheers guys! +Basically title says it all. I read articles and watch YouTube videos claiming they need a minimum of 10-15% cash on cash return to even consider the property. Or those that say they aim for properties that can hit the 2% rule (my local can’t even hit the 1% rule!). + +As someone from a very over priced big city, these kind of numbers are like unicorns to me, mythical. Can anyone educate me? +What is the end game for ETF investing, assuming a 20 year time frame? Do you cash in at some point, and doesn't that trigger CGT liabilities, which would eat into the profits? + +Sorry if this is a silly question, but I'm just learning about ETF's and finance +Hello Superstonk! ^(who is this guy?) + +&#x200B; + +As some of you may know, or have experienced, the self harm report function is oftentimes abused and not used for its intended purpose. For those that are unfamiliar, users who disagree with someone's comments or posts will report accounts for self harm. This triggers an automated reply message from /u/RedditCareResources + +Here's a look at a self harm report, this one was targeted at another Mod. + +&#x200B; + +https://preview.redd.it/h4nzs2a6jui81.png?width=1233&format=png&auto=webp&s=9d154d98473c4a3e8ae243ca83d766e4dd03ffc7 + +As a mod we deal with this often, like every day often. This got me thinking and I decided to try and put together a **mental health resource list for the sub**. At 735,000 strong we come in all different shapes and sizes, and many of us struggle with some form of mental health disorder. I myself have had anxiety since I was a kid, and have bouts of depression here or there. I've come a long way and I'm in a much better place now a days, but that's thanks to the resources that were made available to me. I was fortunate to have the support of my parents, friends and family as well as professional help. Those resources are critical for those in need, and its not always easy to take the first step. + +**I'm asking the community to help put together this list, and I don't think I can do it without you.** This subreddit is made up of 100+ nationalities, easily (someone has an exact number I bet!) If you have information for a public mental health resource from your country, city, town, anything, we can include it! My goal is to cover as many places as we reasonably can. + +Everyone should have a number they can call when things are getting hard, for whatever reason that may be. It would be an honor for me to work on this project with you all. Thanks for your time :) + +# Please comment any resources that you have in mind below! + +&#x200B; + +Take care of yourselves, nothing else comes first. It sounds cliché but no one spends more time with you than you. Learn to love you! + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Here's some other things we could use your help with/some of the resources we usually pin :) + +&#x200B; + +/u/Bah2o **request for feedback on old reddit Update:** + +[https://new.reddit.com/r/Superstonk/comments/srrxpc/old\_reddit\_has\_temporarily\_been\_updated\_tell\_me/](https://new.reddit.com/r/Superstonk/comments/srrxpc/old_reddit_has_temporarily_been_updated_tell_me/) + +**CREATE YOUR OWN CUSTOM FLAIR FOR THIS WEEKEND ONLY!** + +[https://new.reddit.com/r/Superstonk/comments/svpu45/avast\_ye\_land\_lubbin\_curs\_i\_be\_announcin\_flair/](https://new.reddit.com/r/Superstonk/comments/svpu45/avast_ye_land_lubbin_curs_i_be_announcin_flair/) + +**Obligatory DRS Guide :)** + +[https://new.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://new.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +I gave bitcoin to some friends years back ranging from 30-60$, some for free, and others was due to a purchase. I educated then on security and backup. + +Due to the holidays I contacted them and causally mentioned the bitcoin price. + +I told them to open there wallet and look at todays value. They all went up 20-40x. One person sent me a screenshot, it showed the value of when they originally received it, $37.66, and the value currently which is $1,764.70. + +[https://imgbox.com/tDLgCtyS](https://imgbox.com/tDLgCtyS) + +The part that blew my mind despite all of them having a much greater value than original( making substantial profit), NONE where interested. They acted like it's no big deal. They had absolutely no interest in investing more (even though they easily can, they aren't homeless, etc...) Even when I mentioned they can have bitcoin in their RRSP (kinda like a 401k in US) their eyes got a little bigger, then back to same size. + +So these people saw with their own eyes and money and are still not interested. + +One person came into an inheritance of about $100k, he said he invested all in stocks (advice from financial advisor) and DOES NOT WANT ANY MORE IN BITCOIN. (his original investment was maybe $1000)he was almost aggressive with me, he did not want to invest another penny in bitcoin. + +THAT BLEW MY FUCKIN MIND!!! + +I'm drinking tonight. +*I am not a financial advisor. Either way I don't live in Murica so I guess you can't even sue me ? IDK what I am doin here but I like green crayons so I talk with friends about them.* + +*🚀🚀🚀🚀🚀🚀* + +We are at 22.77mil volume at the time I am writing this. It has been a brutal day - for sure... BUT did it feel like a \~23mil volume day to you?! Not for me. +Midday I felt like: Ye another slow bleeding day on volume for ants. Then I checked the volume and saw that we already passed the 10 mil range and had many hours to the closing bell. + +And then I asked myself: Was it the same way after last earnings? Cause I definitely did not remember such a slow bleed over the day on such "high volume" and many ppl mentioned that the prices behaved quite the same on the last earnings. + +# Lets get started with the brainfarting 💩: + +On March 23th (last time Gamestop released earnings) the volume was 12,5mil. Nothing special cause the earnings got reported after hours like usual. We had a good volume on AH trading followed by a crunchy 22,9mil volume day on March 24th (sounds familiar? Not yet cause I didn't tell you todays numbers - lol gotcha). + +Here the chart for March 23th and March 24th (30min candles): + +[March 23\/24th](https://preview.redd.it/xy2hfvn2qi471.png?width=1345&format=png&auto=webp&s=3af8d72974f77f6c53545c207350cbcee9c8c311) + +March 24th intraday looks kinda familiar right? Painful slowbleed. + +**22,9mil volume on March 24th** seems also quite familiar and high compared to the previous day **volume on 23th March** with **12,5mil.** + +Regarding prices: + +**March 23th price** @ 5pm EST: \~184,48$ + +**March 24th closing price** @ 4pm EST: \~123,88$ + +Decline from earnings to following day: 184,48$ - 123,88 = 60,6$ (equals a **\~32,85%** decline) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Lets take a look at yesterdays and todays chart: + +[June 9\/10th](https://preview.redd.it/3kgeheaqri471.png?width=1348&format=png&auto=webp&s=876a2279075362ac5b9f223cdb8803c73a7be2ad) + +Oh ye I remember: Painful Slowbleed (not so painful anymore since we are all dead inside). + +On **June 9th** we had a daily **volume** of **\~12,6mil**. + +On **June 10th** we had a **volume** of **\~22,7mil**. (Hmmmmmmmmm...) + +Now regarding the price action: + +**June 9th price** @ 5pm EST: \~304,19$ + +**June 10th** closing price @ 4pm EST: \~220,39$ + +Decline from earning to following day: 304,19$ - 220,39$ = 83,8$ (equals a **\~27,55%** decline) + +🚀🚀🚀🚀🚀🚀🚀 + +Not jumping to conclusions here cause we learned in the past that the past will stay the past. +But still: I am pretty jacked about after hours action right now and the coming intraday action tomorrow!! If premarket dips aswell after a big rip, the price action will be nearly the same and I will expect some crazy action! Aligning with Elliot wave boy and exponential floor dude I am prettttty sureeeee it will be a wild ride apes and apettes! + +**TLDR:** +\- Volume and price action on both earning days are quite similiar: + +* *Volume March 23th: \~****12,5mil****; Volume March 24th: \~****22,9mil****.* +* *Volume June 9th: \~****12,6mil****; Volume June 10th: \~****22,7mil*** + +\- Price decline between earnings and next day closing price are also "quite" the same: + +* \-**32,85%** in March +* **-27,55%** in June. + +\- Charts looking nearly the same. + +JACKED FOR TOMORROW!!! Get in the rocket cause it seems like we are goin pouuuuuuffff 🚀🚀🚀🚀🚀🚀🚀🚀🚀!!! + +**Easteregg Titties Jacking:** March 25th we raised from \~122$ to \~182$ what equals a **49,18% jump**. If history repeats itself we could go from 220,39$ to 220,39$ + 49,18% = **328,78$ EOD.** +Why is it so expensive? There is no way on earth that coinbase paid $375 for the round trip buy and sell. I would like to make more buy and sell transactions but this is insanity. +Looking for some companies in India which have an extremely consistent dividend track record of many years, even decades, and additionally have steadily grown dividends each year. + +Kind of like the dividend aristocrats of USA. + +Clock work consistency, high certainty, and growth of dividend each year is what I'm looking for. +Every major market is going down and we have this abomination called Nifty which keeps going up. Global cues don't seem to affect it at all. Today every market was in red with an average of around 1% and we have nifty which actually is in green as I type. This is more like a rant but would like to understand what on earth is keeping the markets up. +Some sector/thematic funds (like Tech or Pharma focussed ones) seem to have really great returns. But as always, past performance is not an indicator of the future, and logically a sectoral fund would be much more susceptible to market volatility than a more diverse one. So, I'm wondering what kind of research should one do before picking a sectoral fund. +It is the only fund in my portfolio currently in green (VR shows return as 7.3% p.a !). I knew it was a good fund when I decided to make it part of my core portfolio, but these optimistic numbers almost seem scary! Is there something else going on? +I currently live with my parents and take public transportation to work every day. It takes roughly two hours door to door each way - sometimes a little more, sometimes a little less. My day looks like this: + +Wake up 5 A + +Drive to train station at 5:40 A + +Get on train 5:54 A + +Get off train 7:15 A + +Get on (free) shuttle 7:30 A + +Arrive at work 7:45 + +Start at 8 A + +Leave work between 6:30 - 8:30 P + +Get home between 8:45 P and 10:15 P + + +Then repeat M - F. + +I don’t pay rent but I do pay for the train which is about $450 / mo. I know many people may ask why I don’t just get a car, but traffic is so bad during rush hour plus the cost of gas / tolls / insurance etc. It doesn’t really save me much time or money because it’s still far regardless. + +I’m looking at an apartment now that’s $900 + utilities (this is with roommates and considered a good price. apartments here are expensive). It would also be $82 monthly rail pass. However, I could wake up at 6:30 instead of 5 and be home at a more reasonable time. I can afford this with my income (avg about 3,200/mo) but obviously won’t be saving nearly as much. + +I’m just curious as to WWYD? Part of me thinks this move might give me a better quality of life (and more sleep) but I also don’t like the thought of spending a little more than double the amount I currently do when I don’t *have* to. I don’t love the commute but I know I can do the commute, although I do get really tired throughout the day. Is it worth it to spend more? +America has become a tale of two americas- the ones with good jobs and money and the others who are filing for bankruptcy. + +The people with money are buying up a lot of stocks at cheap prices Eg beyond meat, Airbnb, airline and tourism stocks and other such stocks and going to sell this in a few years from now and possibly make more money. + +So would the term 2020 millionaire become a trend in say 2025? +I have my emergency savings to afford all bills to support my self and SO for a year in case either of us lose our job. Part of me wants to start investing in my traditional ROTH and maybe a couple of other things and hopefully max out the Roth for the year. Or is there a possibility that I’ll lose all my money since there’s a potential crisis? I know how to save, but don’t want to invest in the wrong things, I work in healthcare and don’t know too much financial knowledge. +Hi All, + +As title says I’m looking at a food truck investment. A person I know has been doing the work to start a food truck. + +He is looking at an 80k rig and putting 25 cash down and getting a loan from the bank for the rest. I mentioned to him I would do a small investment in that. + +Looking at putting in 5k to fund the first bit of running the truck. + +How can we value this and what’s the best way to set up? + +He will be doing all the work and I’ll be silent unless when asked to help out. + +What’s a good way to break out ownership? + +Edit: thanks everyone. Just going to put my money in ST (13/17week TBIlls) for now +Probably *the* only thing to watch tomorrow, since I feel that we're going to be trading alongside the gyrations of the pound for the next little while + +* * * + +**Pound Plunges to Record Low as Kwarteng Signals More Tax Cuts** + +>The pound plunged more than 4.5% to a record low after Kwasi Kwarteng vowed to press on with more tax cuts, even as financial markets delivered a damning verdict on the new Chancellor of the Exchequer’s fiscal policies. + +https://www.bloomberg.com/news/articles/2022-09-25/truss-faces-new-dangers-as-uk-markets-reopen-after-turmoil?leadSource=uverify%20wall +So joe biden is getting more butt fucked at the polls than an average wsb trader is getting fucked at the stock market. + +its kinda helping that the media has stopped broadcasting his speeches much of it [doesn't make absolutely any sense](https://www.youtube.com/watch?v=XYu6RgA8yis). Democrats are worried the pant shitting morally corrupt orange turd is going to win the election so they have their ultimate "REVERSE UNO" card. + +I predict they are going to cancel the debt just before the elections which will help in surge of popularity and help them win the mid term elections. + +I would like to bet my balls on this and everything in my wallet on the stock market. + +What stock can I go long and what stock can I short to make them some tendies? + +note that I give a fuck about you being republican or democrat. They are both top down corrupted assholes. It's just that one uses a lube while fucking you. +I want to make money, not preach ethics and cheer up wars. +So sometimes they use stock split code for dividend and sometimes they use stock dividend code for stock split. In those cases they give extra explanation in the comments. But the DTCC fudders don't share screen shots of that part, we only get to see the code. +**#1: GVIP has dominated the S&P 500 in performance over the last week** + +Some context: + +GVIP is an ETF that tracks popular hedge fund long bets. + +Below is a chart that compares the 5 day performance of the GVIP ETF vs the S&P 500. + +https://preview.redd.it/1h510wt7zwf61.png?width=1096&format=png&auto=webp&s=492289c4e6f30184c160a133188a3e9331e17f7d + +Over the last week (Friday last week to Thursday this week) GVIP has outperformed the S&P 500 by 2.3%. That's a TON. Furthermore if you do the same comparison for Monday this week to Thursday the outperformance of GVIP rises to approximately 4.4%, for Monday-Friday the outperformance was 2.3% + +To put this into perspective look at the historical performance of these two side by side since Jan 1st 2017 (essentially inception of GVIP) and you can see that GVIP in the past has modestly outperformed the s&p 500 with GVIP returning on average (roughly) 1.69% per month and the S&P 500 returning on average (roughly) 1.12% per month (A total of 127% gain for GVIP and a 73% gain for S&P 500 over \~49 months). 2%+ out performance over a short period of time (a week or less) is massive variance to the long term monthly averages. + +https://preview.redd.it/ygm5yajozwf61.png?width=1240&format=png&auto=webp&s=d9000948cfa0326740c27e4dc98118d416441906 + +My hypothesis here: Hedge funds have been increasing short bets (on gamestop and other stocks) and plowing the cash they are receiving from the short sales into their favorite stocks. This pumps GVIP higher explains some of the difference in short term performance + +**#2: Short Volume has increased as a percent of total volume** + +First up its important that I note the different between short VOLUME and short INTEREST. Short volume refers to the number of shares sold/bought in short trades each day. Short interest is the total outstanding number of shorted shares. + +A large increase in short volume as a percent of total volume indicates that something is going on. As you can see from the chart below this new activity started on 12/27 (the day that gamestop had the highest price) and continued. While its hard to tell what is actually going on here it looks like there has been a paradigm change + +My thesis/opinion: Short sellers have been doubling down with the recent price increases. A combination of a high amount of short selling (as a percent of total volume) and lower liquidity is fueling the current price drop + +&#x200B; + +[Data from the FINRA website](https://preview.redd.it/rcw6z3sc0xf61.png?width=518&format=png&auto=webp&s=5ff189db2a4d6483326048cb5aaff889097b54e6) + +**#3: Price changes in gamestop stock seem to be strategically timed with short interest reports** + +Every 15 days the SEC requires shorts sellers to report their positions. This information is then made public 7 days later. It just so happens that 1/29 was the reporting date for short interest (to be published 2/9). I've placed 4pm on 1/29 on a chart of gamestop below: + +&#x200B; + +https://preview.redd.it/7wf4nfhg0xf61.png?width=1242&format=png&auto=webp&s=6dbefb85fe92c694ca2765112c8c64fdac48eac0 + +My opinion: Short sellers want to give the impression that they closed their positions - so that we get paper hands. To do this they exited (or pretended to exit by substituting their positions for naked sold call options) leading up to the reporting deadline. Now they may have started to re-enter those positions + +**#4: Anecdotal evidence** + +4a: People have been posting screencaps to this subreddit that shows overwhelming good sentiment for gamestop stock. One of the things I've seen pop up on this sub lately is the total volume of buy/sell orders from retail brokerages. These have been skewing very positive still. If its not the retail investors selling, then it must be institutions either exiting long positions or starting new short positions + +4b: The diamond hands on WSB are real, and sentiment has been fairly positive (despite sub drama, and a massive price drop) + +4c: It appears there is a continued effort to spread disinformation and to keep the stock price down. Anyone seen those advertisements for silver lately? Why would someone go to all this effort if short positions have been exited? + +4d: S3 partners estimate of short interest (as of about 7pm on 2/4) is around 26MM shares (see below). This is down from the official short interest number on 1/15 of 61MM shares. If we truly underwent a short squeeze, would half of them still be here? + +https://preview.redd.it/f9j635jt0xf61.png?width=1206&format=png&auto=webp&s=a9581436ed635e04f42f0e261350d0a7963a18ba + +**#5: Interactive Brokers Short Interest Data on 2/5** + +On Friday (2/05) morning we experienced a big jump in gamestop's stock price (to around $82 by 10am). Around the same time the short share availability dropped over 1MM shares at interactive brokers for gamestop. + +[The first column is the borrowing cost, second column is number of shares available](https://preview.redd.it/vc38orqv1xf61.png?width=380&format=png&auto=webp&s=b9b86977a889343bd18c9b01d56d22ec6d33d01a) + +My Thesis: While short share availability can drop for a number of reasons (and there is no requirement to immediately sell borrowed shares) its my opinion that that someone borrowed a bunch of shares from interactive brokers and shorted the morning's spike which halted momentum in the stock price + +\_\_\_\_\_ + +TLDR: + +My opinion: What we experienced the other day was a half baked short squeeze, the game isn't over and shorts are still playing. However, these shorts may have taken positions at higher prices and lower borrowing rates (see above screenshot) and therefore may be harder for gamestop to shake. + +&#x200B; + +Big shoutout to the mods: Thanks u/swedish_chef_bork_x3 for helping me get this posted + +&#x200B; + +Disclaimers and related positions I hold: + +This is not investment advice, please make sure to do your own due diligence before placing any trades. My opinions may be influenced or biased by my positions (listed below, each 20 contracts) + +Long 4/16 $25 GME Calls 🚀 🚀 🚀 + +Long 4/16 $15 GME Calls 🚀 🚀 🚀 + +Short 2/12 $50 GME Puts 🚀 🚀 🚀 +> “We won’t let benchmarks and tracking errors hold our strategies hostage to the existing world order,” Wood wrote. She described the success of the ARK ETFs as one not solely bolstered by fervor for “stay at home” investment opportunities, amid the COVID pandemic, but rooted in identifying paradigm-shifting innovation, from blockchain and bitcoin BTCUSD to electric vehicles. + +> Wood urged investors to maintain their support of the ARK complex and said that maintaining a long-term, five-year time horizon would be the best way to judge the fund manager’s true performance. + +> “With a five-year investment time horizon, our forecasts for these platforms suggest that our strategies today could deliver a 30-40% compound annual rate of return during the next five years,” the ARK CEO wrote. + +https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224 +This will PUMP like crazy again!!!! + +> - Application for Binance, Coinbase end of Feb +- Limit orders from 1inch and uniswap +- Codebase is open source and open for contribution +- Chainlink integration +- 10$ price forecast +- Goal is to become a 1 Billion company +- Team buying back coins +- Coinbase wallet, Trust wallet +- UI improvement end of Feb +- Tshirts soon +WSB has slowly devolved into a vaguely finance related version of ifunny. And ifunny is shit. It's fine if there are a few memes here and there. Unfortunately, the entire front page of WSB consists of gifs and screenshots of sub Family Guy tier jokes. + +Let's try and recall what WSB should be about: + +" Welcome to r/wallstreetbets! expect to find around here: + + Real-time trades being announced before, during and after they're executed. + Discussion about day trading, strategies, anything market related. + Charts and Technical Analysis + Some irresponsible risk taking. + People sharing trades, ideas, observations. + We're all here to learn, share and have fun. + Epic screenshots of wins and fails. + Use the "Filters" menu across the top to tailor the content here. + +This subreddit is not meant to be only for satire and memes. " + +We're all here to make money or have fun with the process of trading. Some shitposts are alright, but keep in mind when the shitposts become THE posts. + +Just wanted to see how you all feel about this. If you feel like the front page of WSB shouldn't be represented by /r/all scum please exercise your right to downvote the shit. + +Thank you for your consideration. +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. +Everyone's definition of a fulfilled life is different. Not long ago I let my F.I.R.E. goals cloud my judgement and skew my values, and I willingly sacrificed my overall quality of life to hit those goals. I've read some posts recently that gave me pause, and I think there may be others caught in that same trap of extremes. So I though I'd share my experiences: how/why it happened, how I almost went further in the wrong direction, and what I ultimately did to restore balance in my day to day life. + +I started doing F.I.R.E. about four years ago, with the (obvious) goal of working no longer than necessary and to retire as soon as possible. I don't have expensive tastes to begin with, so came about naturally. Was (and am) putting the bulk of my income into various investments, picked up additional work in my spare time. Started a company, bought a home so I could get out from under the trap of renting. My work situation is a bit atypical- as a consultant I set my own schedule, both the when and the how much, and have more work available than time in the day. Work that I can largely pick up and set back down as I see fit, within reason. + +Working an average of 50hr/wk, I broke $200k/yr for the first time in 2019 - a personal best. I grew up poor, so that was a financial goal I never expected would be possible. Then in 2020, with some trial and error, I was able hit that goal again working 40hr/wk. But without realizing it, my life was little more than work/gym/link up with friends on the weekend. Save save save. Work work work. A fairly common existence I'd imagine. I opted to not take that trip, go to that music festival, order that ribeye. Then COVID hit, and it made those choices even easier to make. But before long, I realized I was no longer living, I was just existing. Going through the motions so some future version of myself wouldn't have to do the same. Before long I was really unhappy. I started isolating from the people I care about. I'm not sure what the turning point was, I think it was another contract that I just couldn't pull the trigger on. It would have put me up to 250-280/yr at 50hrs/wk. But just the thought of it weighed on me. Where does it stop? Then it dawned on me: rather than work more, work less. Eat the steak, take the trip, go on the adventure. Money well spent. So now, after yet more tweaking, I'm down to about 20-25(max)/hrs, $160k/yr. That shift was an absolute game changer - having a part time schedule but keeping my income at nearly 80% of what I'd typically bring in. I'll never go back to chasing the almighty dollar the way I had. I also learned to indulge without guilt. Yes it's pushed off my E.R. a bit, likely a few years, but that's ok too. For me, balance is key. + +Obviously we all don't have the option to scale back to PT on a whim, or to pick and choose when we work. That said, no matter your circumstances, no matter how rosy retiring at 30, 40, 45 may be, the ends have to justify the means. Tomorrow isn't guaranteed. Is it worth gaining 2.5 years of retirement by eating ramen and canned tuna daily? Is it worth gaining retirement time if it means living with mom and dad as long as possible? Even if you think it is worth it, do your parents feel the same? They might just enjoy their own retirement a bit more if you'd move on, but not have the heart to tell you. + +TLDR: + +*Don't be so beholden to the destination that you're willing to sacrifice the pleasure of the journey.* + +Edit: Want to apologize if the financials are offensive, wasn't my intention to brag it up. I take it for granted, because I live largely the same way now as I did when I was making 12/hr as a line cook, a job I had when I was released from prison in 2016. I've only been 'back on the horse' for four years. Sincerely. 2010 outback, 2br/2ba house, one br is the home office. Software development. Will post tomorrow about how I built the business. If an 11 time convicted felon can do it, chances are so can you. +Has anybody successfully relocated to a no income tax state prior to cashing out a large long term capital gains event? My income is not location dependent but I live in one of the highest taxed and most aggressively audited places (NYC). The advantage is saving about 13% in long term capital gains taxes (9% state tax + 4% city tax). I also have all family members and own a property here so I am debating whether to just bite the bullet and stay to avoid the hassles of an audit. From what I can tell, even if I make a legitimate change of residence, I will still be audited and burden on proof is on me to provide documentation and evidence. + +&#x200B; + +If anybody has successfully done this before and can share your experience, that would be great, whether you decided to move or just bite the bullet and stay. +**To start, PLEASE take a look at the graphic** as it shows the relationships between the GME tokens a lot more clearly than I've seen anywhere else so far - [GitHub - schismsaints/GME\_NFT](https://github.com/schismsaints/GME_NFT) + +**Edit: Putting this disclaimer in a number of places, but not all of these coins have been verified and you shouldn't just go out and buy a random coin because someone on the internet thinks there's an off chance it's not a scam.** + +Like many, I was intrigued when I heard about GameStop dabbling in NFT - first, through the [job postings](https://finance.yahoo.com/news/gamestop-hiring-blockchain-analyst-specializing-075700175.html), then with [nft.gamestop.com](https://nft.gamestop.com). I did a [brief dive into some of the smart contract details](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/gzgpytb/?context=3) back when it initially came out but recently have gone much further down the rabbit hole. + +I'll summarize some of the juicier bits and provide some speculation as to what it could mean as well as some resources to familiarize yourself with some of the details of blockchain, smart contracts, and tokens, but I have put together a [larger graphic](https://github.com/schismsaints/GME_NFT) in PNG/PDF/SVG formats visualizing some of the connections a little better (fair warning, I'm an engineer not an artist). I recommend loading it in a full web browser on as large of a monitor as possible. You'll understand why when you see it. + +First, a few key terms/concepts. + +**Blockchain**: In very simplistic terms, think of the blockchain as a ledger/record keeping system where each 'block' is a record and linked to the previous and next blocks in a chain. The process of adding a new 'block' involves computing and verifying prior information in the chain to ensure that nothing has been tampered with and that the full history of the chain is intact. + +[Blockchain Definition: What You Need to Know (investopedia.com)](https://www.investopedia.com/terms/b/blockchain.asp) + +**Fungible**: "being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account " (src: dictionary.com) + +**Token**: This is probably the part most people understand, though there are some nuances. There are two types of tokens and a number of differing implementation standards. + +* Fungible Token - ERC-20: A token that is one of a pool of identical tokens. They can be split, transferred, or exchanged and are commonly used as currencies. Most established mainstream or alt- coins fall into this category. + * [Cryptocurrency Definition (investopedia.com)](https://www.investopedia.com/terms/c/cryptocurrency.asp) +* Non-Fungible Token (NFT) - ERC-721/ERC-1155: A non-fungible token is a unique entity on the blockchain. There are no others exactly like it, and it has its own record of ownership, attributes/metadata, and cannot be substituted for another token identically. [CryptoKitties](https://www.cryptokitties.co/) is one of the most popular examples as they basically pioneered the ERC-721 standard. NFT artwork is another recently popularized example of this. + * [Non-Fungible Token Definition: Understanding NFTs (investopedia.com)](https://www.investopedia.com/non-fungible-tokens-nft-5115211) + +&#x200B; + +[Non-Fungible Kitties!](https://preview.redd.it/hj74bjb47n971.png?width=300&format=png&auto=webp&s=b8fcbbce01a45c57fc93680483f9519a470ef057) + +**Smart Contract**: A smart contract is a way to automate 'stuff'. That 'stuff' can be any number of tasks but some of the most common ones include creating (minting) or destroying (burning) tokens from an available pool. This can be fungible or non-fungible tokens (or, in the case of ERC-1155, both/either). + +[Smart Contracts Definition (investopedia.com)](https://www.investopedia.com/terms/s/smart-contracts.asp) + +The GME NFT story started in earnest with GameOn Anon, the smart contract address posted at [nft.gamestop.com](https://nft.gamestop.com) + +&#x200B; + +[Power to the Players](https://preview.redd.it/x352qjj57n971.png?width=268&format=png&auto=webp&s=2c0d1ab1a3a208cd3b86a9dc799603a52463edd0) + +[0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +There are a lot of interesting threads from the smart contract, the most well known of which is the "launchDate" variable which equals 04:20 PDT 7/14/21 (come on, that can't *not* be intentional). + +&#x200B; + +https://preview.redd.it/bja10vi67n971.png?width=633&format=png&auto=webp&s=a2cb5526b08222b15f4cfb9b8284c5faac57585d + +The [owner](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) of the smart contract is also interesting. + +It owns the only GME ERC-721 token, 420.69 of the GME ERC-20 token, an E t h e r e u m Name Service record ([gamestopnft](https://etherscan.io/token/0x57f1887a8bf19b14fc0df6fd9b2acc9af147ea85?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory)), and the 1337 [email signature](https://etherscan.io/token/0xc9ff785a33f2000652d0336e476a06ccd909317a?a=0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#inventory) prefix used for several blockchain constructs. + +It also received 0.00001337 E t h e r on 5/25/21 from andrwyng (wut doing Andrew Yang??) + +Edit: Not actually Yang - [https://mobile.twitter.com/andrwyng?lang=en](https://mobile.twitter.com/andrwyng?lang=en) \- thanks [/u/No-Information-6100](https://www.reddit.com/u/No-Information-6100/) + +&#x200B; + +[False alarm, but had me very intrigued when I saw it initially.](https://preview.redd.it/hprlbkr77n971.png?width=759&format=png&auto=webp&s=efef7ea335484ab1cef7f0e86fce04a2602f48f3) + +There are three GameStop specific tokens they appear to be working with, along with a number (>20) altcoins and other tokens. + +* [GME Coin (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) \- Qty 12,000,000 - Not confirmed, not too suspicious + * Possible online store/digital currency? Would be interesting if it functioned similar to a [stablecoin](https://www.investopedia.com/terms/s/stablecoin.asp) pinned to the dollar +* [GameStop (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) \- Qty 69,420,000 - Not confirmed, possible scam but has weird connections I haven't fully explored yet. + * They moved a large amount of this (>50%) to [Uniswap](https://en.wikipedia.org/wiki/Uniswap) which in layman's terms can be considered as kind of an escrow/holding/forex account but in the crypto realm. Quite a few have been distributed from here to over 60 different destination addresses. + * Yahoo! Finance lists the 'Implied Shares Outstanding' for GME as 69.38M, which is preeeeeetty close to the 69.42M tokens minted here. Could this be used as a shareholder dividend, potentially exchangeable between GameStop and GME Coin/USD? + +https://preview.redd.it/qm9w71ba7n971.png?width=336&format=png&auto=webp&s=8d3b8613f980d06adf1f2a7eca4bcfe792081704 + +https://preview.redd.it/0jexo0qa7n971.png?width=1334&format=png&auto=webp&s=6f5ab609573617f84a25e54a5df67ff3a7a295cd + +https://preview.redd.it/yppy9h3b7n971.png?width=1347&format=png&auto=webp&s=fdeece7225eafafb264cfc3a3beb0e0e458a0573 + +* [Gamestop (ERC-721)](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) \- Qty 1 - Confirmed legitimate + * There is only one of these in existence at this point with no clear use for it yet, but there are some interesting possibilities I've considered such as blockchain-based share tracking (i.e. each NFT would have a 'share # X' value on it) or as a shareholder ID token ('shareholder # X'). This one has the least clear forward looking use case at this point for me. + +**Possible Business Uses** + +* In-store currency - GME Coin can be used as an in-store currency/reward system +* Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between stablecoins such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies. +* NFT Collectibles - i.e. CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms. +* Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain +* In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty + +**Possible Shareholder Uses** + +* Shareholder record keeping - have a token proving your status as a shareholder +* Share/securities record keeping - similar, but for shares. Kind of a stretch but could be a proof of concept for blockchain based trading +* Crypto Dividend - Provide GameStop (ERC-20) tokens, even fractional ones, as a shareholder dividend. Allow conversion to USD or GMECoin/USD to cash out. Provide a way to purchase or 'auction' GameStop tokens and you now have a shareholder perk with monetary value that could appreciate over time. + +Here's the PDF of the chart/diagram I put together, the github link also has PNG and SVG versions of the image. + +[GME\_NFT/GME\_NFT.pdf at main · schismsaints/GME\_NFT · GitHub](https://github.com/schismsaints/GME_NFT/blob/main/GME_NFT.pdf) + +TL:DR; GME doing crypto stuff. Lots of crypto stuff happening especially in the last week. Crypto stuff has lots of options, most of which will print money. + +&#x200B; + +[I like money](https://preview.redd.it/m98p6jtc7n971.png?width=492&format=png&auto=webp&s=28d229a20045e33ea3b43ab8b8557830a0970a25) + +Edit: to answer a good point brought up by /u/haydonny1 in the previous thread before I screwed it up with this edit :( - the alt coins could be sent by any random source and aren't concrete proof of anything. I still maintain that the three GME tokens may be legitimate and all have ties back to the original Smart Contract either one or two levels removed. I haven't investigated the altcoin sources enough to be able to say whether or not they're being worked on by GME at this point. + +0x13374200c29C757FDCc72F15Da98fb94f286d71e + +* Is the address posted on [nft.gamestop.com](https://nft.gamestop.com) +* Owns 69,420.69 GameStop ERC-20 tokens +* Owns 2,000,000 GME Coin ERC-20 tokens + +0x10B16eEDe03cF73CbF44e4BFFFa3e6BFf36F1Fad + +* Is the Smart Contract address listed in the source code of the [nft.gamestop.com](https://nft.gamestop.com) smart contract. +* Holds 1 Gamestop ERC-721 token +* Holds 420.69 GameStop ERC-20 tokens +* Holds gamestopnft.e t h and 1337 ERC-721 tokens + +**Double Edit: I'm seeing a lot of debate about the ERC-20 GameStop token and whether it's related to a scam site (game-coin or something, I think it's been pulled down and I can't find an archive now). At this point after digging multiple levels deep, I'm seeing a lot of conflicting information in the transaction logs and Uniswap destinations and I can't definitively say whether it's a scam or legit. I'm working on updating the graphic and will include a disclaimer, though I do still want to keep it in the picture until we can definitively rule it in or out.** + +Big thanks to /u/HandyBananaMan, /u/Peteszahh, /u/EngineeringDude2017 and others for their discussion and links to other resources. I have more work to do. + +**I'd hope it should go without saying, but don't buy a GME token on something that's not a GME app :)** +So I know that the VAST majority of people in this sub are trying to retire as early as sanely possible, or simply build a comfortable nest egg so they won't have to worry about money. + +But is anyone on here envisioning retiring with more than 10 million? Does anyone here want to live a life of luxury and the opportunity to live a solidly upper-class lifestyle? Does anyone use FIRE financial principles to continue going once you've reached FI? Is anyone here pursuing FI so they can take the risks that can push them into the superrich? + +If so, how do you envision pursuing this goal? Where do you see yourself when your old? What's your FIRE number? + +I hope this doesn't get downvoted. I know that this is orthogonal and un-orthodox for this sub. There is nothing wrong with wanting to FIRE as early as possible, or living a middle-class lifestyle. I'm just wondering if anyone fits in the above criteria. +I told him I'd have to think about it. It's a terrible idea, right? + +Is there any way to structure this sort of request as an investment where it's justifiable risk? + +I think I'll say no but wanted to ask the Reddit if there was a way it could be sane. +So, I've run the current situation by a few of my friends / investing acquaintances because I wanted to hear their thoughts and opinions on things. Mainly, how would they view Ethereum and its ecosystem after any of the possible scenarios play out. With the possible scenarios being (1) do nothing, (2) soft-fork to neutralize the stolen ETH, (3) hard-fork to recover the stolen ETH. + +I'll sum it up as briefly as I can. They basically said that if the entity (Ethereum ecosystem in this case) cannot handle ejecting an unwelcome foreign body, then it's likely not an entity worth being invested in. + +In other words, the only thing in *their* minds that would leave them with *possibly* enough confidence to even look in the direction of a platform and/or investment like Ethereum, was if the ecosystem ("entity") were able to make a statement that "these types of behaviors and/or activities (exploiting code/contracts regardless of intent) are not welcome here and will not be tolerated." + +These are guys who I hold a lot of respect for their opinions. And in my mind, I agree with them on this. + +Thus, I basically see it as such: Even a soft-fork that does nothing but neutralize the stolen ETH will not be enough for the Average Joe "investor" to *ever* really pay serious attention to something like Ethereum (you already see this with Bitcoin), because they are so fearful of the unknown and the *perceived risks* of exactly what just happened with this DAO heist. + +Thus, if the community cannot come together and ensure that the stolen ETH is recovered, I think it bodes extremely poorly for Ethereum's future. I predict it will follow a similar path to Bitcoin, in that it will *never ever* achieve mainstream acceptance and adoption because of this one single horrible act perpetually looming over and killing the ability for mainstream users *and* investors to ever be able to look past -- all because we couldn't come together long enough to fix it, even though we possessed the ability to do so all along. +I predict that the world will get fatter and fatter. How can I make money from this? + +Preferably stocks on a canadian exchange. + +Edit: only canadian stocks please +I go to my broker to buy some AVES, and if I use a "market order" the estimated principal is $200,000 for 1 share. If I try to sell 1 share, the estimated principal is $0.01. The current price is $50. What's going on? +For those of you that invest in any ARKK etfs, how did you go about weighting them in your portfolio? I am 24 and I am using the boglehead portfolio with 10% bonds, 20% intl and 70% total us. I have a high risk tolerance due to the remaining years left to invest. Any tips on how to go about incorporating this etf? I was thinking of dumping my bonds and like 5% of my total US stock to get to 15 ARKK, 20 into, and 65 total US but that was just a random percentage I thought of. Any insights would be much appreciated +8% UP today and about 30% in a week. What's going on? It seem to be outperforming usual clean energy ETFs too. IMO, it feels very narrow sector to bet on? What's others thoughts? +Hello, + +I am very new to the scene and have recently started working as I recently graduated. I am wanting to put some money into an ETF as I have seen and read many things that from just a 10k deposit you will greatly benefit from it in the future due to compound Interest. My question is should I wait to invest 10K or just slowly add money in each pay check? What are some of the dos and don’ts sorry if you see this type of question all the time + +Thanks in advance! +SCHB 40% Total US Mkt +SCHF 20% Int Mkt +SCHE 10% Emerging Mkt +SCHH 5% Reit Etf +SCHD 10%. High Yield Div Etf +SCHZ 10% Aggregate Bonds +SWSSX 5% US Small Cap musk fund. + +I'm thinking about adding a little SCHC to take care of International Small Caps. + +This is my 457 portfolio and I'm no expert. So I appreciate your feedback and I'm open to your critique. Thank you +I have a financial advisor who diversified most of my cash in ETFs and they’re down around 20% at the moment since last year. I am still pretty young, I have a decent emergency cash fund, a very low mortgage payment, and am thinking to just not look at this dip since I won’t need the cash for ~5 years possibly as a downpayment for a bigger home. Should I care a little more about this 20% dip? Did anyone else ride out the crash in 2008? Thanks +I'm looking for a growth ETF that can significantly outperform the QQQ over time. There is a lot of garbage in ARKK. Not necessarily in terms of profitability but I just don't agree with their selections. Are there any alternatives to ARKK with a similar growth profile? Thanks +I know the saying "buy and hold", and "don't peek" when investing for the long term are good advices, but if I was some sort of wealth manager, would it not be wise to sell now and buy SCHD or SPY? +I've been comparing charts today between the two and they operate almost exactly the same. Daily, weekly, monthly and yearly charts all pretty much line up. + +With a lower expense ratio, a higher divs yield and better overall performance in recent years (only slightly over the last 10years) why does everyone talk QQQ? + +I only ask because I'm still new to the market and have been doing more research than buying, and haven't heard of VGT until I accidentally stumbled upon their ticker earlier today. Yet I see QQQ posted in multiple different subs on the daily, so I MUST be missing something right? + +Why does VGT look like the clear winner, when it's not as popular? Let's hear your pros and cons between the two, thanks in advance for your responses! +Hey everyone, I’m 18 and I just come to invest on ETF. Do you have some strategies, etf to recommend me and other things to help me to be a better investor??? By the way If you have some interesting books to make me read write them on message. +Thanks +Hello, + +I am very new to the scene and have recently started working as I recently graduated. I am wanting to put some money into an ETF as I have seen and read many things that from just a 10k deposit you will greatly benefit from it in the future due to compound Interest. My question is should I wait to invest 10K or just slowly add money in each pay check? What are some of the dos and don’ts sorry if you see this type of question all the time + +Thanks in advance! +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +I am new to investing and I am still learning so I will be very greatfull for answers. + +I own accumulating ETFs so any divend is reinvested. I undestand that this increases my NAV but is there any way to see how much divends I actually got on my investment? + +I searched average diviend yields for indexes my ETFs are following and this gives me aprox. diviends yield but is there a way to see actuall divisends to date? + +Let’s say for SXR8.DE - IShares Core S&P 500 UCITS ETF USD (ACC) + +I am using IBKR. +Great advice from long time Boglehead advisor Rick Ferri on twitter recently discussing if owning many ETFs or funds in your portfolio means your more diversified. Answer = No. + +[https://twitter.com/Rick\_Ferri/status/1509337895575986184](https://twitter.com/Rick_Ferri/status/1509337895575986184) +Hi! So as the title states I am very new to investing, or at least taking it seriously. There is so much amazing info out there but it can be very overwhelming and hard to pick out the info that 1. Suites me and 2. Isn't someone talking out there back side. + +So below is a list of my portfolio % and I'm ready to be absolutely ruined for it being terrible but id just love to hear some thoughts on it and what your do instead? + +I'm 23 from the UK, deposit approx £200 a month which may increase at some point but currently also saving for a house. I'm looking for long term 20-30+ years for a possibly early retirement fund. (Sorry for the small wall of text) + +18% VHYL - vanguard ftse all world high dividend + +18% IUKD - I shares UK dividend + +16% VUSA - s&p 500 + +15% MIDD - I shares ftse 250 + +12% INRG - I shares global clean energy + +8% IITU - Ishares s&p 500 info and tech + +7% ECAR - I shares electric vehicles + +6% ESPO - Vaneck vectors video games and e sports + +All of the sector based etfs are based off of things I am personally interested in and keep up with on a regular basis anyway which I believe will grow in the coming years/decades. +However I feel in my 1st attempt at diversifying I've managed to not diversify very much in the right way. + +Any input is appreciated but please be kind :). +Hi everyone, + +As the title states, I’m looking diversify my portfolio by investing in funeral homes. I’d prefer to buy an ETF and just keep adding to it. The problem is, I can’t find any ETFs with significant holdings in this sector. Does anyone have any recommendations? Thanks. +I currently own 12 different ETFs, but I am wondering what the average amount can or should be. I also understand that only having one or two doesn’t allow for a ton of diversification and having 100 would be considered way too many by a lot of people. +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +I have a question on holding TQQQ. I understand it is a 3X leverages ETF so it’s very volatile. However, if QQQ continues to rise, wouldn’t that be more beneficial with TQQQ? + +In other words, unless QQQ tanks and does not recover, why is TQQQ a bad idea for long term holding? + +Thanks in advance. +Now that I maxed out my Roth IRA($6000) what should I do next? Save for next years contributions or open up another Roth IRA at a different brokerage? Or start a traditional IRA? +Im invested pretty heavily in specialised sectors such as tech & AI, clean energy, and ESG. Would you continue into these sectors or switch into conservative sectors for a while and bank your gain? My thinking is these sectors will have very little growth short term although i like them long term +This doesn't really apply to me, but say you had $1,000,000 Dollars that you want to invest and you put it in a ETF such as **S&P 500 ETF.** + +I think I read most of the years, it'll return at least over %5, so excluding compounding interest, that could be upwards of $50,000. I know some years will be down so you can't rely on that, but I do wonder if people ever live off a strategy like that. I'm guessing I'm also not factoring in capital gains, but if you had a $1 million or so in the index, you could probably be pretty certain every 3 years you'd make another $100,000 which you could pull from the fund. Obviously the tricky part is having all that capital to begin with, but seems like kinda an interesting concept. + +I am guessing there is going to be a reason why you can't do this or something I've overlooked. +I'm planning on investing in ETFs for my long term goal of retiring early (mid-40s) along with using the money in the short term to buy my first house. I am already putting money in my 401k,invested in individual stocks and have $25k as emergency fund. My employer doesn't match my 401k contribution though. This is my first time investing in ETFs with long and short term goals and I'm confused on which ones I should put money towards or how to diversify my portfolio. I was planning on cashing out all my individual stock funds (about $13k) and put it all towards an ETF since it's relatively low risk and doesn't require my active management. Is this a bad idea? Could you guys please advise me on it? Anything on it is highly appreciated. + +Edit: I'm 27 and currently working as an Engineer. After reaching my retirement goal, I plan on living by teaching high schoolers STEM classes so I'll still have an income stream and I enjoy teaching. +Was just wondering what your take is on ARKK? I get the feeling this is a Vanguard heavy crowd. Is Cathie Wood Moses? Or just another drunken boat builder? +To all the self taught traders who are making a well above average salary I am a 20m fairly new trader diving into stocks and seeking all the advice available. If anyone is looking for a pupil I’d love to step under anyones wing. Seeking a coach or mentor please if there is time and knowledge to spare. +I’m considering making an offer on a property that looks to be sold off market (offered by my landlord). I’ve been given the range 550-600k as an indication. What is the protocol when making an offer in this situation? Is it bad form to offer at the base? What’s the best way to approach? +The Fed will likely refrain from a 100-basis-point rate hike this week to avoid unnerving already anxious markets, CFRA says + +The Federal Reserve is set to raise interest rates on Wednesday, but it's unlikely to hike them by 100 basis points, CFRA said Monday. + +Such a massive hike would "unnerve Wall Street" as it would imply policymakers are overreacting to the August inflation report. + +Investors are pricing in a 20% probability of a rate move of 1 percentage point. + +The Federal Reserve is expected to raise its key interest rate this week, but it's unlikely to hike by 100 basis points, a massive move that would rattle investors already anxious after the August inflation report, CFRA Research said Monday. + +"We think a 100 bps hike would unnerve Wall Street, as it would imply that the Federal Open Market Committee is overreacting to the data rather than sticking to its game plan," Sam Stovall, chief investment strategist at CFRA, said in a research note. + +It "would increase the likelihood that the FOMC will eventually overtighten and lessen the possibility of achieving a soft landing," he said. + +The Fed led by Chair Jerome Powell is expected on Wednesday to deliver its fifth rate increase of 2022. Investors widely expect a third consecutive increase of 75 basis points to bring the fed funds rate to a range of 3% to 3.25%. But investors also see a 20% probability the Fed would vote for an increase of 100 basis points, or 1 percentage point, according to the CME FedWatch tool. + +Full article: [https://markets.businessinsider.com/news/stocks/federal-reserve-rate-hike-100-basis-points-outlook-markets-powell-2022-9](https://markets.businessinsider.com/news/stocks/federal-reserve-rate-hike-100-basis-points-outlook-markets-powell-2022-9) + +CFRA research says it's likely that the Fed won't raise interest rates by 100 basis points this week to avoid unnerving already anxious markets. How much do you think the Fed rate hike will be on the FOMC meeting this Wednesday? +It’s leftover from my college fund because halfway through I transferred to a college where the tuition was less expensive. She said I can use it for a down payment on a car, savings, school, whatever. + +I recently started school again after graduating 3 years ago to pursue a different career path and she said I can use it for my tuition if I want, but I work full time and I’ve been paying for 2~ classes per semester myself rather than taking out more loans or using this money. I think I like the idea of just paying for it in full myself and having the extra savings tucked away. I only make about $2,200/month but I have virtually no expenses since I still live with my parents. + +I have an account with Betterment that has $1,500 in it, investing in index funds. Maybe it could go there? I only contribute $100/month to this account since my tuition expenses are pretty high. + +I also still owe $9,000 on my student loans from my first go at college. + +What should I use the $4k for? TIA. + +Edit to answer these questions: + +-one loan is about $6,000 at 3.15%, the other is about $3,000 at 6.55% + + +-I have a Roth IRA with $3,500 in it + + +I just saw a popular thread on the r/Bitcoin sub about somebody telling their neighbors that they bought Bitcoin. The whole thread was full of comments about how OP will have the last laugh. Yeah they were all joking but it’s all fun and games until your neighbors are struggling for money and you’re rich for “being lucky”. + +Being crypto rich is not like being fiat rich. You might have your private keys somewhere in your house and they can be taken from you. There will come a day when people will come looking for those keys. Especially if hyperinflation ever happens. Ten years from now people won’t know if you have $200 in Shitcoin or $2m in Bitcoin. They will assume it’s the latter. People will break in and rob you for a PS5, so do you think they will hesitate for a chance of stealing millions? Even if you keep your crypto on your exchange, burglars don’t know that. Even if you sell your crypto for fiat, they don’t know that. By the time people find out you have nothing, there could already be somebody in your house and they might even be angry that you wasted their time. + +For those of you that don’t know, there is a called company Ledger, who basically sells fancy USB sticks for you to store and access your crypto (it’s not actually on the stick itself btw). The Ledger database was recently hacked and the details of customers were leaked. This didn’t affect their crypto directly, but it did mark them as owners of crypto. Many of these people received death threats or harassment. I don’t know if anybody was hurt, but you don’t want to be in that situation. I was included in the leak, but fortunately I had already moved house. I can still be a target though. I get people trying to trick me via email and I also had to change my phone number. + +You do not want to be marked as a crypto owner. Even if you live in the safest neighborhood, how do you know one of your neighbors won’t report you to the IRS as petty revenge? You should pay your taxes btw, but everybody’s situation is different and you don’t want to be investigated for silly reasons. + +This advice especially applies to those in the USA where people have guns. Your local corrupt policeman might one day like to investigate “rumors” of you selling drugs or something silly. You just don’t know. It’s not worth it. + +EDIT: My main point is that it's better to avoid drama. Maybe you live in a safe neighborhood. Maybe you have hidden your private keys in the most obscure place. Maybe they're in a safe. There probably aren't any rogue cops out to get you. Maybe you have a gun and know how to use it - but why go through all of that? Why risk having to kill an attacker out of self-defence? Nobody knows your exact situation until they try to get your keys or unless you tell them (plus, criminals aren't always smart). By the time they're in your house it's too late really. Also, you probably won't get robbed. Robberies are not that common, but then neither are crypto holders. I'm just advocating being quiet about your holdings, not living in fear of a death squad out to get you. +Hi, I just recently stumbled upon this sub. I was mainly into options trading two years ago but after donating all my money to Wallstreet I decided to buy shares in solid companies that pay dividends. + +Im very familiar with SPY, MSFT, KO, and my personal favorite SPHD. I want to retire within 20 years from now. After reading a few post here and there the comments will also have something about SCHD but not much as in a solid reason as why someone should be holding a large amount of shares. + +What I would see mainly is “setting my children up with SCHD.” But I don’t get it, is it only meant for the younger demographic? This is my first time hearing about SCHD but don’t understand why all post around it points to ppl setting their kids up with it. Could someone explain that please? + +I just rather not invest into it if it only meant to be setup as some type of self managed trust fund. I’m 28 so I feel like I 20 years from now the investment should pay off but seeing again how ppl only talk about it for their kids I feel like I’m missing something. I don’t have kids so it would be for myself. +Their financial looks solid, EPS growing, shares outstanding are getting lower, sales also growing slow but constant, operating margin growing, payout ratio between 75%-78% the last 10 years, p/e 8.8, yield 8.16%. + +It’s this a trap ? Or it is actually good ? Am I missing something ? +So I'm looking to get started creating Dividend Income to live on, around a few grand a month. I'm living in the UK and not a lot of people to turn to here. Could you outline these points in your response please: + +1. Best UK or International broker to use for Dividend investing. + +2. How to select dividend-paying stocks and ETFs for my portfolio. + +3. And any other points +Hi, I just recently stumbled upon this sub. I was mainly into options trading two years ago but after donating all my money to Wallstreet I decided to buy shares in solid companies that pay dividends. + +Im very familiar with SPY, MSFT, KO, and my personal favorite SPHD. I want to retire within 20 years from now. After reading a few post here and there the comments will also have something about SCHD but not much as in a solid reason as why someone should be holding a large amount of shares. + +What I would see mainly is “setting my children up with SCHD.” But I don’t get it, is it only meant for the younger demographic? This is my first time hearing about SCHD but don’t understand why all post around it points to ppl setting their kids up with it. Could someone explain that please? + +I just rather not invest into it if it only meant to be setup as some type of self managed trust fund. I’m 28 so I feel like I 20 years from now the investment should pay off but seeing again how ppl only talk about it for their kids I feel like I’m missing something. I don’t have kids so it would be for myself. +I’m trying to reach 30k a year in dividends. My current portfolio yield is 3.246%. I do have some growth stocks in there (TSLA, ENPH) which I plan on swapping out for higher dividend payers in a few years. I’m personally just trying to build more passive income to retire early. Just curious what people’s goals are here and why you have those goals. +I've been investing slowly for about 6 months and have done a bit of research on the dividend focused strategy. Could I get some feedback on my portfolio? I'm 31 now and am aiming for that 50k a year dividend goal. I'm using M1 Finance. I started the Taxable M1 account first (before I learned I could open a Roth) then the Roth. + +&#x200B; + +Only disclaimer: I bought CCL at $8.xx, hoping for long term growth (out of curiosity). :D + +&#x200B; + +Roth IRA: https://m1.finance/g49UJoVY2ogM + +Taxable M1: https://m1.finance/O3LvsbbuStox + +&#x200B; + +Thanks all +I’m trying to reach 30k a year in dividends. My current portfolio yield is 3.246%. I do have some growth stocks in there (TSLA, ENPH) which I plan on swapping out for higher dividend payers in a few years. I’m personally just trying to build more passive income to retire early. Just curious what people’s goals are here and why you have those goals. +How profitable is it to buy (or build) unique rentals? How does that compare to a regular real estate investment (not vacation)? + +How profitable is it to buy (or build) unique getaway homes as opposed to regular investment homes? + +How profitable is it to buy land and then put up unique rentals? + +I’ve just become curious with the idea of renting out extremely unique rentals on Airbnb. How profitable is this? Unique homes such as ones listed in this link: +[examples](https://www.livelikeitstheweekend.com/unique-airbnbs-2019/) + +As you can see it’s not your typical Airbnb, not your typical cabin, or country get away. These are really unique, some would say a few would qualify as ‘luxury’ unique getaways. Not a regular house or apartment or cabin. + +How profitable would it be to buy land, build one of these homes (or purchase if it’s a trailer and totally re-vamp) and then rent out? + +Also please note: it doesn’t have to be an actual *house* like most of the things in that list - it could be a simple glorified luxury trailer, or something other than what you would consider a typical home, but with added luxury and uniqueness. + +I’ve compared a few places in different areas and they all seem to be fully booked for the most part up until March/ April, and most nightly rates are anywhere from 200-500+ a night... even in the middle of no where. + + +And since these are so unique, it’s not like there’s a saturated market of unique Airbnb getaways either.... +And they always seem to be booked out for months in advance... + +Thoughts? + +And I guess just for discussion: how would ^ that compare to a regular investment property where it’s long term rentals (apartments, small homes etc)? I know there’s an actual necessity for long term rentals as opposed to fun vacation homes... so just wanting some opinions on if this could actually be profitable or if I’m just being too hopeful... +Hi I have a 200k saved for investing and would like to take a plunge into the real estate investing market. I would like to flip homes to build savings. I am new to the real estate investing in Nashville and surrounding areAs and am concerned that a realtor would take advantage and give me false ARV. I am very picky and want to be safe as far as numbers go. Any advice will help to calm nerves but I feel like in my position I have read it all and am ready but contacting a realtor is my first step which I believe could be my downfall if I get false ARVs . +Misusing your infinite leverage. + +Sometimes I did the same. + +Abusing my buying power, full of revenge trades. + +Revenge trades that turned into a REEEEE depression + +Found myself screaming in a McDonalds bathroom: *“I didn't mean to short The Clown!”* + +The evils of JCPenny was all around me + +So I went running for WiFi, until I came home to mom’s... + +But that didn't stop survivor's guilt. + +GUHing back and forth trying to convince +myself the tendies were earned, Or maybe how A-1 my Personal Risk Tolerance was... + +But while the autists were fighting the continuous war back on WSB, I was entering a new position...An IPO that was based on apartheid and discrimination [PTON] + +Made me wanna go back to Community College and tell the homies what I learned... + +The word was “YOLO”... + +Just because you wore a different gang color than mine's... + +Doesn't mean I can't respect you as a Bear Gang. + +Forgetting all the pain and hurt we caused each other in these weekend threads... + +If I respect you...We unify and stop Marketwatch from killing us. + +But I don't know. + +Long PTON +Let me begin with a disclaimer. + +# I am a retarded ape. + +Now that we have that out of the way I just want to bring up an all too familiar discussion. + +# I'm here to talk about "those stocks" and their brother/sister stocks. + +If you haven't stopped reading yet or WSB hasn't deleted this post. Cool! + +Most people know the DD here but more recently things seem to be getting SPICY. Most importantly I'd like to turn your attention to all of these over shorted stocks hitting 100% utilization. + +Now hear me out, I'm retarded. I know I'm retarded. I see how both of these stocks of been beaten down over the past 5+ months. But the utilization being shown finally as 100% again and even some of the ETFs have short interest way higher than the individual stocks... + +**Cannot...** + +**Be...** + +**A..** + +**Coincidence...** + +# I see 2 ways this plays out: + +Option 1: I'm a retarded bag holder, holding on to nothing but a pipe dream and I've actually accidentally joined a cult + +Option 2: These things fucking begin to rocket + +# And since when was this a sub NOT full of degenerates who would take a second mortgage out on something as sure of a thing as 50/50 odds!? + +&#x200B; + +\*\*SPOILER ALERT\*\* Can't wait to see how many people call me a bag holder and that I don't understand the stock market. + +Jokes on you: + +&#x200B; + +https://i.redd.it/d1b5z7xwt1i81.gif + +&#x200B; + +EDIT: WOW can't believe how many retards liked this/interacted with it. I am beyond HUMBLED. I was asked to share positions so | 773 AMC | 11 GME (thought I had 5 DRSd but turn's out my broke ass could only afford 3.8 shares at $126/share) Advice, don't drink and DRS! + +&#x200B; + +https://preview.redd.it/bdzffbjb37i81.jpg?width=1186&format=pjpg&auto=webp&s=d7348906b37352b17cf1ba7f1680b2a9c418ecca + +https://preview.redd.it/5s3sxgkb37i81.jpg?width=1186&format=pjpg&auto=webp&s=8cbf7046ef44ed2624619c90c248a59d3a7341bc + +https://preview.redd.it/1z3z40tb37i81.jpg?width=4032&format=pjpg&auto=webp&s=dbcffc4b08c758e3c93856d825bfd1b31c6ba493 + +Also another common comment was "no TLDR!?" I've got you: + +TLDR: I'm still retardedly long on AMC and GME + +[https://www.youtube.com/watch?v=wHjieD6CTYs](https://www.youtube.com/watch?v=wHjieD6CTYs) +source: https://twitter.com/stablechen/status/1525023238895837184?cxt=HHwWgIDRycmj_KkqAAAA + +So just rewriting history is now a serious option. I am sure this is legal and the exchanges will surely have nothing against this :D + +Honestly why can't they just stop. This hurts the whole cryptospace and any serious project as long as this is going on. Doing a rollback back to 3 or 4 days ago does not solve ANYTHING it just hurts even more. The legal implications of that would be gigantic, too. + +I am actually debating, if I should by some coins just to have funny legal battle if they actually follow through with that. + +Edit: If someone wants to dive deep into the mind of the self proclaimed "lunatics" here you go: https://agora.terra.money/ There are all kinds of really funny proposals :D + +Edit 2: Now the community has fun with their voting tool: https://station.terra.money/gov#PROPOSAL_STATUS_VOTING_PERIOD + +Edit 3: Do Kwon now posted his own proposal (https://agora.terra.money/t/terra-ecosystem-revival-plan/8701). TLDR: + +1. Killing UST +2. Reset Luna to 1B Tokens +3. Compensate Luna and UST holders by giving them "newLuna" tokens based on some bogus distribution idea + +Problem: + +If the crypto community has ANY sense left "newLuna" will be worth NOTHING, too. + +Edit 4: Kwons proposal massively favors whales that got out asap after the depeg and disvavors everyone who actually tried to "defend" the peg and the project. I wonder if Kwon is one of that whales... +Tomorrow is the anniversary day of the buy button getting shut off on retail (January 28 2021). I remember the moment very vividly watching the price move wildly up and down. + +The price was about to break all time highs, when it got stuck there for a few moments. I checked Reddit and Twitter to see all the hype posts and comments only to find people saying their broker won’t let them buy anymore. + +Then the price started dropping. And dropping hard. I couldn’t believe it. + +I’ve been here since last January, and as a gift, I as an individual investor am going to buy more shares tomorrow to remember the day the rules got changed and retail got screwed. + +TLDR: buy button shut off January 28 2021. I as an individual investor am buying shares tomorrow as anniversary gift +Dear \[friends and family\], + +As discussed, here is the information that I have put together on Gamestop. If you are interested, read through the email and open at least the *first two or three links* *below* to get a good overview of the situation. Personally, I look at this as a great long term value investment, with a potential for *significant* gains through a squeeze. + +PS. Feel free to share with others you think might be interested. + +Cheers! + +&#x200B; + +Here is some information around the potential in Gamestop. This is not financial advice. + + DISCLOSURE: * Information contained in this email has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this email are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +\------------------------------------------------------------------------------- + +If you aren't familiar with 'GameStop, Ticker GME' beyond what you see in the media, you may want to take a closer look. + +GameStop: I like this stock – a lot. Please note if you consider investing – due to inferred market manipulation, this stock should currently be treated as a speculative investment, and you will need to do your own due diligence to decide whether this stock is appropriate for you. GameStop’s stock can exhibit extreme price volatility, but I am of the personal belief that relative to other publicly traded stocks with similar characteristics, the fundamental valuation of this company should be much greater - *conservatively* $350 - $450 without manipulation and higher within the next few years as it moves towards it’s e-commerce objectives (currently trading around $120.00). A great long term value investment. + +On the upside, I also believe this stock has an opportunity for an ***historic*** squeeze! A once in any lifetime opportunity. Underpinning this it is believed that there has been mass market manipulation perpetrated. The following is information that I have put together to provide a snapshot of information leading to these beliefs. There is some great fact-based information and due diligence shared, along with some educated theoretical information. + +If you are interested in making an informed decision around this stock you may want to delve into the information provided below, and I would suggest (re)watching ‘The Big Short’ (2008 subprime crisis movie) and the documentary ‘The Inside Job’. These movies highlight, among other things, the corruption within our financial markets: market makers, bankers, and government officials. They also highlight shortcomings in market regulations and the huge issues surrounding our derivative markets – which has become exceedingly ominous leading into 2022. \[[Wall Street’s Naked Swindle](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)\] + +&#x200B; + +Summary, + +Companies are generally shorted when it is believed that their stock price will fall (to be able to buy the stock back at a lower price), and high short activity is often associated with an attempt to short a company into bankruptcy. For GameStop, the market for physical game media went into a state of decline with the introduction of digital and downloadable games, and GameStop’s directors at the time failed to respond to the changing landscape, GameStop's financials were deteriorating and noticeable shorting of Gamestop began escalating through 2017 to the 2020 Covid-19 period, in what appears to be an attempt to bankrupt the company. The company's shares would hit a record low of $2.80 in April 2020. However, as retail interest was piqued, there was a resounding belief that the company could turn itself around and speculation of a 'short squeeze'. The price of $GME appreciated and hit an all time high of $483.00 on January 28, 2021. + +GameStop has approximately 76 million shares issued yet had approximately 220% of it’s tradeable float outstanding in January 2021 (short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this is a very strong indication that counterfeit shares have been created and exist illegally. + +The Securities and Exchange Commission [report released October 14, 2021](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) essentially supported that there was no short squeeze in January (price appreciation was the result of regular buying pressure), and that short positions were only marginally covering during the buying period Jan 19, 2021 to Feb 5, 2021. This has left market participants with extensive short positions in the position of having to cover in a raising $GME price environment at significant losses. + +It is believed that the short interest has continued to climb and has been manipulated and hidden through derivative strategies such as options, swaps, and futures; and that the true short interest could now realistically be sitting higher than 300%. \[See the first link below for a news article example of this, or contact me for more supporting documentation and proof of the derivative manipulation used to hide short interest.\] + +Under the guidance of its new Chairman Ryan Cohen, GameStop has significantly turned itself around and rapidly continues to expand its opportunities and market share. GameStop has produced better than expected revenue results in 2021 (significantly exceeding the sales growth of their competitors). They have attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from *thriving* tech companies like Chewie and Amazon, and have a balance sheet of around $1.4 billion in cash with virtually no debt. + +With Ryan Cohen as the new Chairman of the Board, and a new technology focused board of directors (2021), GameStop now have a unified leadership fully committed to two long term goals: ‘Delighting Customers & Delivering Value for Stockholders’. GameStop is the largest video game retailer worldwide; They have undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and has been busy reinventing itself as a major ecommerce player. Gamestop already has the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As it moves forward with its ecommerce and NFT marketplace, the longer-term potential for this company could rival market giants like Amazon, Apple, and Meta (Facebook, Instagram etc.). + +A potential crypto/NFT related dividend or Direct Registration of Shares (DRS) representing the company’s float may trigger a squeeze; but notwithstanding these potential squeeze catalysts, GameStop’s business’ fundamentals have drastically improved, and the stock has moved into the Russell 1000 midcap index. It is highly anticipated that the company’s earnings and market share will continue to grow, with the stock being added to the S&P 500 by next year. + +\-------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +**How the GameStop Hustle Worked, June 22, 2021.** How hedge funds and brokers have manipulated the market. By Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism\*\*:\*\* [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +**When corporations own the media:** [https://www.youtube.com/watch?v=D9rbHpA\_6W4](https://www.youtube.com/watch?v=D9rbHpA_6W4) + +**Short sellers influencing the media and controlling the GameStop narrative**: [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +There are several instances with documented proof of media manipulation, and their spreading and creating FUD (Fear, Uncertainty & Doubt) around GameStop. If you look into the ownership of the country’s largest newspapers and media outlets, you will find market makers, hedge funds and big money corporations - which have their own agendas - own and influence these companies. Ask yourself, why has the media been so intent on communicating GameStop is a poor investment choice – for 12 months straight!? Why are they so concerned to advertise and advise against this company? + +CNBC cut and removed the following statement from an interview with Gary Gensler, the new SEC chairman. Gary Gensler responded by tweeting a video clip of the deleted statement from his interview: “We must guard against fraud and manipulation, whether from big actors, hedge funds, or elsewhere. We are taking a close look at market structure to ensure our capital markets are working for investors”. + +CNBC also tried to steer the narrative away from Citadel during the congressional hearings into Gamestop and Robinhood. The only part they edited out was the ten minutes and eighteen seconds of the hearing that targeted Citadel and Robinhood (between hour 2:37:34 and 2:47:52). + +**Big money influencing politicians and regulators:** [https://www.trustnodes.com/2021/08/08/janet-yellen-accused-of-banking-corruption](https://www.trustnodes.com/2021/08/08/janet-yellen-accused-of-banking-corruption) + +&#x200B; + +**Jim Cramer on hedge funds scamming markets**: [https://www.youtube.com/watch?v=gyaPf6qXLa8](https://www.youtube.com/watch?v=gyaPf6qXLa8) + +**Interactive Brokers' interview with CEO Thomas Peterffy:** Brokerages cut off buying but allowed selling, a precedent setting move that prevented GameStop's squeeze in January and exposed a systemic risk in our markets: [https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +**Jim Cramer** **discussing Citadel** (Citadel Subsidiaries are a Market Maker, Hedge Fund & Dark Pool): [https://www.youtube.com/watch?v=OFaRrvTqjbw](https://www.youtube.com/watch?v=OFaRrvTqjbw) + +**The corruption of the SEC, over decades and till today, June 6, 2021:** [https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/](https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/) + +**Wall Street veteran Charles Gradante:** Calling out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +&#x200B; + +**SEC filing:** **Richard Evans presentation on ETF SI and FTDs**\*\*\*:\*\*\* Naked short selling or operational shorting? How naked shorting can be hidden through the clever use of Authorized Participants of ETFs : [https://www.youtube.com/watch?v=ncq35zrFCAg](https://www.youtube.com/watch?v=ncq35zrFCAg) + +**ETF Short interest (SI) & Fail to Delivers (FTDs)**: [https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf) + +**SEC proposed rule changes** to prevent fraud, manipulation and deception in connection with derivate security-based swap transactions\*:\* [https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf](https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf) and [https://www.ft.com/content/4464e205-3708-49ec-83b9-eb4934ce3a51](https://www.ft.com/content/4464e205-3708-49ec-83b9-eb4934ce3a51) + +**A video that explains the basics** in simpler terms: [https://youtu.be/o0rTD4EmnJ8](https://youtu.be/o0rTD4EmnJ8) + +&#x200B; + +**Valuing GME:** \[Note: There are several methods for valuing a company, and analyst values will vary.\] + +*Morningstar analytics* sets $GME Price Target of $315: Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. [https://www.morningstar.com/stocks/xnys/gme/price-fair-value](https://www.morningstar.com/stocks/xnys/gme/price-fair-value). + +*Intrinsic value analysis* on GameStop: [https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). + +&#x200B; + +**Estimating** ***Retail*** **Share Ownership:** (Excludes Institutional, Insider or other types of ownership): [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) + +&#x200B; + +**Tweet from Gamestop.** Note that the reddit community refers to themselves as ‘apes’, going to the moon with the MOASS (Mother Of All Short Squeezes): [https://i.redd.it/p7ivyuap6jy61.jpg](https://i.redd.it/p7ivyuap6jy61.jpg) + +&#x200B; + +**Regulatory Updates for the fist half of 2021:** + +[ Note: FINRA, DTCC, ICC, OCC and NSCC are all self regulating. Many board members are from the very firms they are supposed to be regulating. The fines for breaking the rules are extremely nominal and are just considered as ‘the cost of doing business’. ](https://preview.redd.it/8oled11ymsc81.png?width=1000&format=png&auto=webp&s=16af0f8ba5be0494bb1114127269830192eae6eb) + +&#x200B; + +# LinkedIn turning up the 🔥🔥🔥 + +[Social Media 📲🦜](https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fsearch%3Fq%3Dflair_name%253A%2522Social%2520Media%2520%25F0%259F%2593%25B2%25F0%259F%25A6%259C%2522%26restrict_sr%3D1&data=04%7C01%7C%7C35f6bc9f1f354cc5267208d9a085b122%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637717319080380705%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=9KQVIYjNWUk6qLHqZeqdsG8p3sXKXSlue7ZeilbwABw%3D&reserved=0) + +https://preview.redd.it/utvtpz24nsc81.png?width=742&format=png&auto=webp&s=0179cdd2b2567b1aedc41b61bffe4610044a7925 + +&#x200B; + +https://preview.redd.it/9z8o1dc8nsc81.png?width=750&format=png&auto=webp&s=288b51537a1a3320fd12045f3c912e2428480f62 + +# ‘The Squeeze Has Not Yet Been Squoze’ + +The amount of supporting information on the manipulation of $GME GameStop can be overwhelming. However, simply put - the price is wrong - and will continue to be wrong until the manipulation of the stock is eliminated and the short positions are closed (not covered). GameStop has a huge advantage over startup tech-companies as it enters the ecommerce metaverse, ‘quietly making their actions speak louder than words’. GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. + +Feel free to reach out to me for more information and supporting documentation of this truly unique investment opportunity. + +&#x200B; + +**Reddit Library of Due Diligence, Art Books, and Periodicals**: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +GameStop’s e-commerce NFT Marketplace; NFTS and Blockchain + +GameStop’s transformation, fundamentals, and prospects + +How Hedge Funds bet against you using 13F and derivatives + +Darkpools, Payment for order flow (PFOF) & Internalizing trades + +Naked short selling (illegal, but rampant in our financial markets) + +Direct Registration of Shares (DRS) + +The GME MOASS & Infinity squeeze theology + +ETFs, FTDs (Fail to Deliver) and Short Interest + +The derivatives market and how 2008 is repeating itself + +Shareholder proposals + +The Federal Reserve and their recent 11.23 trillion dollar bail out of banks and their derivatives exposure + +Ask Me Anything (AMA) Videos and transcripts with industry professionals + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------------------------- + +**For fun:** + +Wall Street Pharaoh: GameStop Soundtrack: [https://youtu.be/JgrSfDppVuc](https://youtu.be/JgrSfDppVuc) + +The Big Squeeze: [https://youtu.be/YhREEtWfeUQ](https://youtu.be/YhREEtWfeUQ) + +HOLD - The Gamestop Saga Soundtrack - The Real DMT: [https://youtu.be/D\_zFBnYdZiM](https://youtu.be/D_zFBnYdZiM) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +**The following are some additional links to information and due diligence shared via the Reddit community** *(PDFs attached: House of Cards, Citadel Has No Clothes, The Bigger Short & The Everything Short; plus):* + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/Superstonk/comments/mx25li/the\_most\_manipulated\_stock\_a\_gme\_comprehensive\_dd/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mx25li/the_most_manipulated_stock_a_gme_comprehensive_dd/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nletnn/gme\_the\_mother\_of\_all\_short\_squeezes\_moass\_thesis/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pbibrk/the\_start\_of\_the\_swaps\_packaging\_meme\_stocks\_up/](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/) + +[https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_3/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping\_regulations\_for\_offshore\_risk\_the\_full/](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/) + +[https://www.reddit.com/r/Superstonk/comments/prpum9/computershare\_and\_drs\_is\_the\_way\_it\_ignites\_the/](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +&#x200B; + +# [Part 2: The Bankruptcy Jackpot & GME MOASS Theory (GameStop History)](https://www.reddit.com/r/Superstonk/comments/qxncko/part_2_the_bankruptcy_jackpot_gme_moass_theory/) + +\[ Edit - for some reason this got deleted by mods. I will try again tomorrow, but in the interim you can see the same version (other sub) pinned on my profile page\]. + +\[Edit 2: Added video explaining the basics and updated links for fun/hype videos\] + +&#x200B; +Been a bit of talk about grocery bills, power and that but had to pay my car rego on Friday and noticed the increase from last year. Up 3.5% year on year, which got me digging for my older renewals. From September 2017 to March 2022 it’s up 10%. + +Sept 2017 / 12 months rego $721.40 + +June 2021 / 12 months rego $768.45 + +March 2022 / 12 months rego $793.75. + +I’m in West Australia and I’m a government worker, I’ve been on a pay rise cap of $1000 since May 2017. + +To my amazement my local council rates have increased less in that period. It occurred to me that the Department of Transport seems to know exactly the inflation figure when it comes to pricing their own services but seem to want to deny the inflation figure when paying for labour. +Very frustrating. + +These $1000 increases have been getting eaten away very quickly and a fair chunk of it to the governments very own services I am required to have to keep myself employed. +Has anyone here quit their job to pursue mid/long-term travel? I'm 24 and have been on payroll working different jobs since I was 16, I've got a degree in IT and work in the field earning around 90k as a BA. I have about 130k invested in ETFs, no major debts (20k hecs) but also kinda no life experiences outside of work. I'm an avid traveller but only ever go for two weeks max at a time. I guess accruing time off is where it becomes a challenge. I'm planning to go to Europe for 3 months so would ideally quit my job, travel, come back and search for jobs, ideally contract roles, rinse and repeat. Am I crazy or is this a viable option for me? + + +**Edit: wow I'm overwhelmed at seeing all of these positive responses. I believe the best course from here would be to try and get some leave without pay and hope for the best, if I can't get it then oh well, I'll quit and still travel. Best to make the most of the youth I have left and who knows what might unfold along the way :)** +Pre-covid there was a rental shortage but no labour shortage. Now if we have a rental shortage does that not mean our cities are full of working people then how do we still have a labour shortage? +Remember the bullrun last year? + +People were calling crypto to reach 100k in the end of year. + +We all know that it didnt happen and after reaching the meme number of $69,420 it all crashed hard. + +Now Youtubers follow the trend and saying that 12k is imment to occur. +Since even the most bullish bull knows that we're in a recession and in a bear market, they all want to look legimate and call out random numbers. + +Currently the magic baseline number of $12k is drawn. + +Will it happen? + +I guess not, anything between 12k to 100k then. +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. +The October jobs report was a huge beat. +Data out Friday morning showed the US economy added 271,000 jobs in October, and the unemployment rate dropped to 5%. +That unemployment rate is now at the lowest level since April 2008, and economists consider this level to indicate full employment. +http://www.businessinsider.com/october-jobs-report-november-6-2015-11 +https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-estimate + +From BEA website: + +Current‑dollar GDP increased 38.0 percent, or $1.64 trillion, in the third quarter to a level of $21.16 trillion. In the second quarter, GDP decreased 32.8 percent, or $2.04 trillion (tables 1 and 3). + +The price index for gross domestic purchases increased 3.4 percent in the third quarter, in contrast to a decrease of 1.4 percent in the second quarter (table 4). The PCE price index increased 3.7 percent, in contrast to a decrease of 1.6 percent. Excluding food and energy prices, the PCE price index increased 3.5 percent, in contrast to a decrease of 0.8 percent. + +Personal Income + +Current-dollar personal income decreased $540.6 billion in the third quarter, in contrast to an increase of $1.45 trillion in the second quarter. The decrease in personal income was more than accounted for by a decrease in personal current transfer receipts (notably, government social benefits related to pandemic relief programs) that was partly offset by increases in compensation and proprietors' income (table 8). Additional information on several factors impacting personal income can be found in "Effects of Selected Federal Pandemic Response Programs on Personal Income." + +Disposable personal income decreased $636.7 billion, or 13.2 percent, in the third quarter, in contrast to an increase of $1.60 trillion, or 44.3 percent, in the second quarter. Real disposable personal income decreased 16.3 percent, in contrast to an increase of 46.6 percent. + +Personal saving was $2.78 trillion in the third quarter, compared with $4.71 trillion in the second quarter. The personal saving rate—personal saving as a percentage of disposable personal income—was 15.8 percent in the third quarter, compared with 25.7 percent in the second quarter. +[https://www.reuters.com/article/us-usa-economy-inflation/us-core-consumer-prices-rise-post-largest-annual-rise-in-a-year-idUSKCN1VX1IB](https://www.reuters.com/article/us-usa-economy-inflation/us-core-consumer-prices-rise-post-largest-annual-rise-in-a-year-idUSKCN1VX1IB) + +>The Labor Department said on Thursday its consumer price index excluding the volatile food and energy components gained 0.3% for a third straight month. The so-called core CPI was boosted by a surge in healthcare costs and increases in prices for airline tickets, recreation and used cars and trucks. +Hi guys! + +I'm looking for a trustworthy quick loan company to borrow £40 for a short period of time. I intend to give it back no later than 22nd Nov. + +I know it's not a great idea and I've been trying to avoid it as much as possible (never have taken a quick loan before). However, I've just moved back to the UK, had some unexpected expenses in the process. My phone bill, rent and other necessities are already paid for the month of November. I've already started working and will make alright money, I'll get paid weekly. I have to wait for 2 weeks for the first payment though, it means my money will start coming in on the 15th November. + +I need the money to be able to get to work until I start getting paid on the 15th. Public transport works out to around £5.50-£7 per day for me. I'd literally walk if it was any closer, unfortunately, it's around 15 km. + +I appreciate any advice guys. Thanks in advance. + + +Edit: + +Overdraft is not an option. +Credit card would take too long to arrive. +Borrowing from family or friends is not an optiom. +Hi all, + +I am really stressed and concerned about a situation I am facing with Revolut. I live in UK and I use Revolut on a day to day basis and have over £18,000 in my account. I received a [message](https://ibb.co/9qsd4Lf) on 15th of August that my account is limited because of some review apparently. I was told it would take 2 days and I thought that’s fine. + +2 days later, I received another [message](https://ibb.co/R9Lfz8w) saying that the review will probably be finished in 11 business days! That was really worrying for me as I need the money for day-to-day stuff (shopping etc) and I don’t understand why they blocked my money. + +Today, I messaged them again and they said it will take another 27 calendar days! Now I am in a situation where I can’t pay off my bills. + +The Revolut agents have been helpful to be honest, but they are not offering any explanation as to why this is happening, all they are saying is that these are security checks they need to carry out. + +Do I need to consult a solicitor about this? Any advice would be highly appreciated. + +Thank you +Forget about centralized institutions that we have right now. The GME case just proves how the regulation will intrinsically acts on behalf of the privileged in the name of market order, which is allowing big players to milk the market but turning against anyone else who tries to play the same game. + +We have a much stronger case now, don't we? +Guten Tag to this global band of Apes! 👋🦍 + +Earnings announcement finally arrived, and what a treat it proved to be. By now, Apes have DRSed well over 9m shares, with the vast majority of them registered in the name of an Ape within this past year. The fact that GameStop is now consistently reporting this number so prominently on the earnings reports tells me that it is a number that *matters*, and gives us a gauge for the progress we've made along the way. + +Clearly, it is making a difference. Shares are increasingly difficult to borrow, shady brokers are making it more difficult to DRS shares, and the borrow rate for shares continues to climb. We are far from having the float locked, but each share that is DRSed has a an increasingly large impact on the availability of legitimate shares. It is clear that the Shorts are continuing to attack the price of GME by any means possible, which honestly is only bad for anyone who wants to sell. I continue to buy, and each discount they offer just lets me buy more shares. Will we see an increased pace of DRS with the dip they are offering today? My Diamantenhände are ready to find out. + +Today is Friday, March 18th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 60 minutes in: **$81.83 / 74,05 €** *(volume: 2002)* +- 🟥 55 minutes in: $81.82 / 74,03 € *(volume: 1943)* +- 🟩 50 minutes in: $81.84 / 74,06 € *(volume: 1889)* +- 🟩 45 minutes in: $81.82 / 74,03 € *(volume: 1853)* +- 🟩 40 minutes in: $81.81 / 74,03 € *(volume: 1843)* +- 🟩 35 minutes in: $81.55 / 73,79 € *(volume: 1725)* +- 🟥 30 minutes in: $81.39 / 73,65 € *(volume: 1624)* +- 🟩 25 minutes in: $81.39 / 73,65 € *(volume: 1582)* +- 🟩 20 minutes in: $80.52 / 72,86 € *(volume: 1521)* +- 🟥 15 minutes in: $79.72 / 72,14 € *(volume: 1349)* +- 🟩 10 minutes in: $79.78 / 72,19 € *(volume: 1303)* +- 🟩 5 minutes in: $78.91 / 71,41 € *(volume: 1274)* +- 🟥 0 minutes in: $78.42 / 70,96 € *(volume: 848)* +- 🟩 US close price: $87.70 / 79,36 € *($80.65 / 72,98 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1051. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +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! +£4000 @ 12% APR repaying £150 for 30 months. + +It would be literally all of my disposable income but the two teeth missing are causing me a lot of mental distress. Are some things just worth going into debt for? + +Edit: Thanks all for the advice Ill definitely take on board all of your advice, direction & insight. Thank you! +On feb 26th, six big fat chunks were sent to the following address: http://etherscan.io/address/0xa2942dc76c4085295b7a6064a1cfa4d93c18d9bb. + +Its evidently linked to poloniex cold wallet http://etherscan.io/address/0x32be343b94f860124dc4fee278fdcbd38c102d88 as the most transactions can be seen moving back and forth across these two addresses. + +The sender addresses: + +http://etherscan.io/address/0x45e68db94c7d0ab7ac41857a71d67147870f4e71 ----> 400,000 ETH +http://etherscan.io/address/0x3a72d635aadeee4382349db98a1813a4cfeb3df1 ----> 200,000 ETH +http://etherscan.io/address/0xff49a775814ec00051a795a875de24592ea400d4 ----> 200,000 ETH +http://etherscan.io/address/0xe33ff987541dde5cdee0a8a96dcc3f33c3f24cc2 ----> 200,000 ETH +http://etherscan.io/address/0xd1682c2159018dc3d07f08240a8c606daf65f8e1 ----> 200,000 ETH +http://etherscan.io/address/0x821d798af19989c3ae5b84a7a7283cd7fda1fabe ----> 20,000 ETH + +Nothing has been touched for 7 months because all of them have been in waiting mode for 211 days. Since all six chunks were transacted almost simultaneously and given that http://etherscan.io/address/0x45e68db94c7d0ab7ac41857a71d67147870f4e71 and http://etherscan.io/address/0xff49a775814ec00051a795a875de24592ea400d4 were linked to http://etherscan.io/address/0x821d798af19989c3ae5b84a7a7283cd7fda1fabe I conclude that all of them belong to one person. + +Hi so when I was young my dad sued a company on my behalf for a wrong doing on me. And now I have this large some of money it’s sitting in a bank account gaining interest rn. I kind of want to never touch this money until I retire but I was thinking of getting an investor to invest it for me but my dad keeps saying it’s the wrong time to do that rn or do anything with it anyone got any ideas? + + + + +P:S I just want this money to go tours my retirement and somehow learn a way I can put this money into something else so I can make more money 😂 +Hi All, + +In May, I will be graduating from Medical School. Soon after, I will begin residency and will have to start repaying these loans. I will be participating in PAYE or REPAYE with projected payments of $242-448 every month. Aside from minimum payments, what loans should I start putting extra towards? Thanks! It did not crop well but the title of the boxes below from left to right are: Loan Type, Amount, Principal, Interest, and Interest Rate. My yearly gross income will be $54,309 and I get a $6,000 stipend paid in chunks every quarter. + +&#x200B; + +https://i.redd.it/wpfm3mgktxg21.png + +&#x200B; +Hi- + +I am 23 years old single male and no kids, living in Montana(not sure how long I'll be here for. I work for the federal gov, with a base salary of 40K. YTD already (since 01/21) I have grossed 82k(due to working a crazy amount of OT). I have no debt, except CC which I pay in full every month. I live below my means, my expenses and my rent are low, granted sometimes I may splurge on myself, but its not every month. + +If I add everything up + +The 36k is in different mutual funds and ETF's and the 37,500K is in different savings accounts all with the same bank. That adds up to 73,500k total - 12,000 emergency fund(in a HYSA) is 61,500K. I am already contributing 11% of salary +5% employer match to TSP. I am also doing DCA of 2k from my savings account to my investment account every month + +I am wondering what is next? any tips to identify goals here? +That is all. Regardless of what price does, I’ve got that Bitcoin. It can’t be confiscated, censored, and the fed can’t print more to make their elite billionaire buddies rich. With 36 million multi-millionaires in the world and 21 million Bitcoin, this one’s mine. That means something to me and I suspect in the years to come more will feel the same way. +I just stumbled across this link: http://www.worldcupchampionships.com/live-stats-3 which shows the results of a trading competition for Futures and Forex. +I was surprised by *how much* of a discrepancy there is between the net profits of Futures vs Forex. +I know these results might not be perfectly representative and give they are from a competition type event, people probably don't necessarily adhere to best practices in trading etc. but given how consistently the Futures traders outperformed the FX traders (by a huge margin!), I can't help but wonder why that could be. +I understand the basic arguments for Futures over FX such as Volume Data, lower commissions, more regulated Brokers etc. but can any of that really explain this big difference? +Is Volume Data maybe really *that* valuable? +I haven't been able to find any solid resource giving a good explanation, so if you do know one, please share. +So I would like to hear from you guys who have been trading for a while, if you could start over what would be things you focused on at the start and what would be the things to avoid? Thanks in advance from a beginner +I've been studying forex for 2 years and this has always been in the back of my mind. Is it possible that in the future taxes will be too high or that retail trading will be banned? Maybe this is just me being scared since now I'm a full time trader and I want a long trading career. +I thought I would make a post about this since I never have seen anyone do it before to help people understand what they are really getting into with these companies. + +First of all, I won't go into the fact that they are not traditional prop firms that hire you to trade for them. I'll spare the terminology part. What is important to understand is the marketing. These companies grab the attention of new and struggling traders who are dreaming of trading for a living with big account sizes. You know the popular names. I won't single any of them out since it's irrelevant. Some advertise it by showing $50k, or $100k accounts or $200k and $300k buying power. Please understand that this is all marketing and a lie and I will explain why. When trading, the money a trader is putting at risk is called risk capital. This is the money at risk to be lost. Most of those firms cap the so called accounts at Max loss of typically 10%. I.e. a $50k account means that you cannot lose $5k or more in equity at any time. Think about this. Therefore, your risk capital is not $50k but it is $5k. $5k is your true account size. So therefore, understand that if you are risking 1% per trade as many traders love to do, you are going to be risking $500 per trade which is in fact 10% per trade! $5000/500 = 10. Does that sound conservative now? Probably not. Guess what that means? In order to hit a 10% profit target, you are essentially being asked to flip a $5k account in a month which is in percentage terms based on $5k or risk capital, a 100% return! Now you may understand why the fail rate is so high. + +Moving on to the next part: How the company makes money. Of course we know that the company takes some percentage of your profits. What you may or may not realize is that once you are a "funded" trader, you are not trading a live account. You are still trading a demo account. Your trades are not being executed in the real market. The firm is actually paying you with revenue from failed challenge takers. They have an algorithm they use to determine if they want to replicate your strategy to their benefit or not. Understand they do not do this automatically for every trader. These companies make most of their income on your failure. So those who take challenge a number of times and finally get funded by sheer volume of attempts, are not only their best customers but they are also spending more money than they are actually getting because they believe they are getting a huge live account and they are not. They also wash out quickly after passing because it wasn't truly skill that caused them to pass in the first place but luck. That's why you don't hear from them after they show you them passing. + +So now that you know the negative truth you are probably wondering is there any benefit to using a prop firm and what are your options. So, a positive benefit to going this route is first being informed. You are now informed after reading this and now you know what to expect, which means that if you know you can flip an account easily without blowing it, you will do well and won't waste your money. If not, then it's probably not for you. If that's the case don't worry. You can replicate what these companies do on your own with your own money and own rules. I.e. if you have let's say $5000 of your own. You can simply put that into a high leverage broker and risk the very same $500 per trade if you want to. No profit target and no time. Your rules. This $5k would be no different than the so called $50k account they give you except you keep all the profit. Obviously you can scale up or down to whatever amount you have. Just take your capital and divide it into 10 and that's your risk per trade. Need more risk, divide into 20. Whatever works for your strategy. There's no time or pressure. + +In conclusion, I'm not saying prop trading has no place at all. It's a great way to accumulate capital if you know what you're really getting into and can pass on the first try but if you need multiple attempts you may find that you already bought yourself the true account size you are attempting to get by passing by paying all those challenge fees. Don't be that person. Save your hard earned money and put it to work yourself when you're ready. + +I hope this was helpful to anyone curious about these challenge model prop firms. Be safe and happy trading! (Haven't proof read so forgive any typos) :) +Let's assume there's someone who can double his forex account in couple of months. What's his gain in sharing it with others? It makes no sense at all, unless he wants to make online courses, but if someone has a really succesful strategy there's no need for him to make online courses. 95% of YouTubers on Forex or any so called Gurus are scammers or even if they know how the Forex works their strategy doesn't really work, otherwise they wouldn't want to share it with the public. +I am just starting my journey and have a very long way to go before I even think about going live with real money. I wanted to go ahead and start putting aside money just for this but don’t know how much I need to start. Thank you. +In the other thread I made, I said a realistic target for a real long term Forex trader was 2-4% a month. + +A lot of people came in angry, saying 8% a week is possible! 25% a month is fair! + +I will provide for you guys a simple bullshit-o-meter. I will list weekly rate of returns and how long it takes for a lone trader in his basement to buy out the car company Mazda with a 10k starting account. You guys make your mind up if that's reasonable or not. + +Remember we're talking consistent week-to-week profits. No 'bruh I once made 25% in an houuur!" + +Starting size 10k. Target 5Bn. + +* 10% a week - 2.5 years +* 9% a week - 3 years +* 8% a week - 3.3 years +* 7% a week - 3.7 years. +* 6% a week - 4.4 years +* 5% a week - 5.2 years +* 4% a week - 6.5 years. +* 3% a week - 8.6 years +* 2% a week - 10 years. +* 1% a week - over 20 years. + + +The only thing that sounds remotely realistic to me is 1% and sub 1%. + +Ie. Realistically speaking anyone claiming to make over 1-2% a week consistently at most is full of shit. + +Given this. At 1% a week... How large of an account size do you need to make 7k a month (an equivalent salary for say programmer working at a software company). + +175k. + +You need 175k IN cash... To make 7k a month. +With a 10k starting account at 1% A WEEK. That's... 5.5 years. +(keep this in mind when you hear stories of "I started with 3k now I make 20k a monnnth!!!"). To make 20k a month you need a 500k trading account. That's 7 years of profitably on 10k on-top of years of learning. + + +So first you study Forex until you become a 'world class' trader. Capable of consistently earning 1% a week like the best of in the industry. (10k hours) (atleast 2.2 years of staring at the charts 12 hours a day). + + +Then after that you deposit 10k, and make 1% a week for 5.5 years straight without an income, without withdrawing a single dollar. + + +Then, and only at that point, after 7.5 years of your life are gone studying charting skills that have almost no other application or job prospects other than in trading.. + + +You finally make the same amount as a software developer who has worked in the industry for 2 years, and now works from home playing video games and doing 2 hours of work a day. + + +This. Is. Reality. + +The light at the end of the tunnel though is if after 7 years of this.. if you still don't withdraw money and continue trading from your parents bedrooms and end up being 30-40 years old... + +You may be able to buy Mazda the company in cash before you retire. + + + + +--- +**TLDR**: What to actually expect best case scenario: + +* Study Forex 12 hours a day for 2.5 years. +* Save up 10,000USD. +* Trade and make 1% a week for 5.5 years without withdrawl. +* After 7 years, make the same money as a mid-level software developer with more risk and chance of missing a payday and no transferrable skills. + +Normal case scenario: + +- Same as above with timings doubled and blowing 10-20k over the period of 2.5 years learning on blown accounts and Ftmo challenges. + +Worse case scenario: +- Degenerate addiction to gambling, involving depositing chunks of your salary into your broker In a hope to strike it lucky this time and make back the last 6 paycheques you lost on Forex only to have your broker deny withdrawals and stop responding to your emails when you finally do get lucky. +So i am not looking to get into trading to be mega rich or a millionaire, a good amount each month to keep me afloat would be perfect. I am prepared to put in the effort and time and do not expect to jump right in without educating myself fully and using a demo till i am making consistent profits. If i start with around £500-£1000 in my account once i am able to make profits, is it feasible to turn this into an income of around £1000 a month? If so how long would this usually take ? Thanks +Hi guys, been currently trading live for three months and I am profitable; with good (not the best) risk management, strategy and psychology. Evidently, I haven't traded long enough to be considered a consistently profitable trader but that's not what I am writing this post for. + +Primarily up to now all the "education" and "guidance" that I have consumed all come from youtube videos and the occasional post that I have read. Although, I understand a lot is learnt from time and experience. I wanted to ask some of the more experienced traders what they have done to make themselves better and knowledgeable traders. You occasionally see some extremely sophisticated and in-depth analysis and when I compare this to my simple and rather crude method of trading, I can't help but feel that there is so much more to learn but I am struggling to find a starting point in this regard. + +I know no trading manual exists nor is there one way of trading. But would appreciate you guys sharing some things that have helped improve your trading. Be it some specific resources or certain things to keep an eye out for. + +Appreciate the time you have taken to read this post. If you do share, thank you. +... of course after setting up my demo account and practicing and learning and reading for a year and winning and losing till I become a skillful trader, is it realistic to gain .03% to 1% return on capital money per trading day steadily for a long period of time some day. +Please share your thoughts. +Hello, + +I have been claiming tax relief as a PAYE employee for years and I've found out recently that none of my colleagues have been doing it. I work in an industry where I work at temporary sites for maybe a year at a time. I claim tax relief for uniform, mileage, professional fees, etc. Every year this usually increases my personal allowance by 3k - 5k + +I've decided to compile a post on how to as it seems some people do not know they are entitled to this or on how to do it. I have also seen a lot of adverts online for companies doing this for you but they take a fee. I think it is a fairly straight forward process, so paying this fee is silly. + +[What is tax relief?](https://www.gov.uk/guidance/job-expenses-for-uniforms-work-clothing-and-tools) \- "Tax relief reduces the amount of tax you have to pay. The amount of tax relief you get will not be the same as the amount of expenses you have claimed for. You’ll get tax relief based on the rate at which you pay tax. For example, if you can claim £60 and paid tax at a rate of 20% in that year, you’ll get tax relief of £12." + +**How to -** + +**You'll need a government gateway account, which you can sign up for** [**here**](https://www.gov.uk/personal-tax-account)**.** + +**Calculate what you can claim. The HMRC guide is** [**here**](https://www.gov.uk/tax-relief-for-employees)**. I have listed a few below for examples -** + +* You can claim tax relief on using your vehicle for work. This excludes travelling to your permanent place of work. See more [here](https://www.gov.uk/tax-relief-for-employees/vehicles-you-use-for-work). Most employers will pay mileage but not that the full rate of 45p a mile (some do but not all), especially if you have been given a car allowance. Car allowance does not come into the equation when claiming tax relief. Two examples below + +1. You have travelled 5000 miles in one tax year for work. Your company has given you 12p per mile. You can claim tax relief up to 45p a mile. + +|Total Miles|Total Paid by Employer|Total Tax Relief| +|:-|:-|:-| +|**5000 miles**|5000 miles x 12p per mile = **£600**|5000 miles x 45p per mile =£2250 - £600 = **£1650**| + +2) You have travelled 15,000 miles in one tax year. Your company has given you 12p per mile. You can claim tax relief of 45p per mile up to 10,000 miles and 25p mile over 10,000 miles. + +|Total Miles|Total Paid by Employer|Total Tax Relief| +|:-|:-|:-| +|**15000 miles**|15000 miles x 12p per mile = **£1800**|10,000 miles x 45p per mile =£4500| +|||5000 miles x 25p per mile = £1250| +|||£4500 + £1250 = £5750 - £1800 =**£3950**| + +* Tax relief on Uniforms, work clothing and tools. The easiest way is to claim the flat rate expense decided by HMRC. This can be seen [here](https://www.gov.uk/guidance/job-expenses-for-uniforms-work-clothing-and-tools). +* Tax relief on working from home. More information [here](https://www.gov.uk/tax-relief-for-employees/working-at-home). + +**How do I claim?** + +Once you've worked out how much tax relief you are entitled too by using the guide above, you can claim for your tax relief. + +* If the total tax relief is £2500 or under, you can claim [here](https://www.gov.uk/guidance/claim-income-tax-relief-for-your-employment-expenses-p87). Claim using the online service. You’ll need to set up a government gateway account (As mentioned above). Repeat the form for each tax year. +* If the total tax relief is £2501 or over, you need to register for Self-Assessment. You can register [here](https://www.gov.uk/government/publications/self-assessment-register-for-self-assessment-and-get-a-tax-return-sa1). This [link](https://www.gov.uk/log-in-file-self-assessment-tax-return/register-if-youre-not-self-employed) explains the process of claiming via self-assessment. You will need to have more information at hand when filing self-assessment and you'll need to continue doing every year. + +I hope this helps at least one person. My colleagues are going to claim for the last 5 years, and going by what I've got back, they'll be due a good few thousand. + +If you have any questions, please ask. I'm also sure there are more experienced people on this sub that know more on the process of claiming tax relief, if you have noticed a mistake or an easier way to claim, please contribute! + +Thanks! +With 4% SWR and 15% tax, you'd end up with $17,000 a year. Is that enough to enjoy live in the United States as a single person? How would you go about it? Rent a room in an affordable city where you can get around without a car? How about healthcare? What's the average monthly cost for ACA? + +Just thought it'd be interesting how other people would go about living off of $500,000. + +*edit: Many people have noted the tax is too high. No federal tax and a guestimated state tax of $700 based in NC will get us to $19,300. +So, I just got a Ledger Nano S and I transferred a small amount of Ripple (XRP) to the Ripple Wallet, just to test it out and make sure it is working.. the two 46 XRP transfers worked fine and were showing up in my wallet.. + + +Well, I just now opened up my wallet again and now there is an extra 300+ XRP in my wallet that I did not transfer.. and there is not a transaction for it listed under the "Recent Operations".. it's just showing my two $46 deposits.. + + +I unplugged the Ledger and then went back into it, and it is still showing the extra 300+ XRP in my account.. what/how is this possible? It kind of worries me, because if that much can mysteriously show up in my account, I'm sure I can mysteriously lose amounts too.. + +UPDATE: It looks like there is an issue with Ripple/Ledger right now.. my balance is now showing 0 XRP.. apparently it's not all lost though, the issue is being fixed. +https://imgur.com/a/FQvPC + +Anyone else exploiting this right now? God damn this is a good day. Ive only been hitting it for 5% gains daily but damn this is a good day. +Checking my portfolio today and realized I may be overextended a bit, with over 2 dozen different ones. A lot of them were just "tries" that I put some cash in to see if they would take off, and a few of them have, Ark and NAV coin recently come to mind. Then there are those that have been just kind of wallowing along with a slight raise or so and not much else, maybe 5-25% rise, nothing to sneeze at but not big winners either which is most of my portfolio. Lastly, I still have some of the real underperformers, ones that actually lost value from when I bought it, like Siacoin, which is down almost 75% since I bought it 3 months ago. + +I am loath to get rid of any as it's always on the back of my mind "What if this coukd be the next big one?". Now though I'm starting to realize most of these altcoins, while they can rise in values relative to themselves, many won't last as long as Bitcoin has and perhaps it's better to concentrate in a few for long term value hold. But I see some of the great short terms gains that can be had when an undervalued coin is discovered and know there is always the possibility that something could stick so I want to keep them. What do you think? +Have you guys seen what Polygon just announced? MATIC just announced Miden. I mean after allocating $1B to invest in ZK scaling technology, I thought that Polygon has done everything possible in order to grow its scaling capacity, but this announcement was just a surprise for me. I mean this is just going to be a huge addition. + +Adding another Stark-based ETH compatible scaling solution would literally make MATIC the leader in this industry, not to forget it’s Polygon’s 3rd ZK oriented project in 3 months. It literally has full scaling solutions right now, I can’t see any competitor close to achieve that lmao. + +By the way, this Miden project will allow users to verify the execution of their programs, without the need of re-execution, and allows programmers to migrate their smart contracts in order to use ZK scaling technology. + +I’ve always been a big fan of Polygon, and it never disappointed me honestly, this announcement will just make it the top scaling solution that we have right now. This is what makes MATIC different, it never stops upgrading what it has. + +The fact that Polygon will be become the leader in the ZK solutions will have a huge impact on the entire scaling industry if you ask me. + +Leader in scalability: Check + +Leader in security: Check + +Pushing for mass adoption by lowering fees: Double check lol + +Stop’em if you can +Hey guys, first post on here, came for some solid opinions. I'm about to be a dad in a few weeks and pretty excited about it. So, we're doing OK financially but def lower middle class, so not super well off and new to "investing". We're now thinking of setting up an index fund (or so) for our kid, put in like 10k or so and let interest work for him for when he's 25 and is starting his life, it should put him somewhat ahead of the curve, maybe pair it with small ongoing contributions. I've been thinking about somewhat higher risk industry specific indexes, tech, Healthcare, along those lines. How do we go about this? Any ideas? + +Edit: am Swiss living in Switzerland. So it's more a strategic question. University here is basically free/very affordable so this, fortunately, is not an issue. Wife and me are also contributing into a pension plan for ourselves already. +Our home appraised for $375k when we bought it last year and our net worth is now roughly $380k. All of our investments are in retirement accounts. Can't pay off the house yet but it'll be knocked out in 10-12 years. Feels good to reach this milestone. +**edit:** Hey everyone, thanks for all the responses. Just wanted to add in - **please don’t post your positions.** + +Am not a shill, would like to not get flagged for that. Thanks! 🙏🏻 ☺️☺️ +I will be renting a room next month at $600 and landlord is an elderly lady. Its inconvenient for her to withdraw from the bank so she prefers cash payment. However $600 is alot for me and I'm afraid of situations that may arise with the landlord claiming she forgets receiving payment from me. How do I ensure I have proof of any kind when I hand her the cash payment just in case? + +Update: I would like to point out that it's pretty common for older landlords to demand cash payment and their attitude can get pretty nasty (saying that you don't trust them and is being overly fussy when their previous tenants happily paid without demanding receipt) when you ask them for a receipt as I've encountered it before. I'm also afraid to upset them as renting from their property meaning you're at their mercy (they have access to your room and could evict you anytime). +Some news articles about popular consumer bank Wells Fargo and it's implementation with websites like Mint.com. They are developing an API that ends the need to provide secure login & passwords to third parties. Hopefully Mint will get on board with this new method. + +http://www.americanbanker.com/news/bank-technology/wells-fargos-bid-to-vanquish-screen-scraping-1081367-1.html?pg=1 + +http://www.bizjournals.com/charlotte/news/2016/06/07/wells-fargo-teaming-up-with-accounting-software.html +Just a friendly reminder, or heads up, that the JobSeeker Payment is considered taxable income. + +When you claim the payment you're given the choice of Centrelink withholding tax for you. + +Be sure to declare it on your tax return and if you don't opt into automatic tax withholding then please be mindful of any potential taxes owing at the end of the financial year. + +Stay safe Australia! + +Source: https://www.servicesaustralia.gov.au/individuals/topics/paying-tax-centrelink-payment/29651 +Given the recent drops in the market I thought I’d share an analysis I did a while ago on timing the Australian market, and how various scenarios would play out retrospectively. I was quite surprised by the results, and it’s made me feel a lot more comfortable about not timing the market, and just not GAF during times like these. + +I originally did this on an excel spreadsheet, but lost that, and redid today on this google spreadsheet which I can share. Essentially I’ve played out 4 different strategies using ASX300 market data since May 1992, along with the market PE ratio, Dividend Yield and the RBA 3 Month Bank Deposit Rate - which I’ve used as a proxy for what you might be likely to receive on your savings - which I think I’m being pretty generous with. + +In each strategy the investor has $1000 of savings each month, not adjusted for inflation. In fact, we’re just ignoring inflation here. A total of $306000 is saved over the period, and either put into shares or into a ‘high interest account’. + +Assumptions; +- Interest in the bank account is compounded monthly. +- Dividends are paid out quarterly +- No brokerage fees + +I use the market index essentially as a share price for the ASX300, so each time shares are purchased, it’s just the amount divided out by the index at the time, and when they are sold it’s simply the ‘number of shares’ multiplied by the index at that point. + +I use the PE ratio to determine the market value - in value investing mode. I.e. every investor in this scenario has no emotion, and simply buys the lows and sells the highs, determined by the PE ratio. It’s noteworthy that the PE ratio has a long term average of ~15. In all the timing the market scenarios the investor is selling while the PE ratio is above a certain level, and buying when it is below a certain level. + +Strategy 1 Result $ 896,000 - No Timing, each month the investor buy $1000 of the index, and reinvests the dividends. + +Strategy 2 Result $ 634,000 - Buy when the PE ratio is less than 11.8 and sell when it goes above 17.54. That just happens to be 1 standard deviation either side of the average of 15. This investor has heard of Warren Buffet, Benjamin Graham and 'value investing' and really wants to time the market, but is nervous and wants to wait until it gets really low to find that real bargain. They’re left waiting about 16 years, until 2008, when they buy in. They put about $300k into shares, but the market goes back up, so they start putting their $1000 a week back into their bank account for the interest, waiting to buy in again. They’re waiting a while, but now their getting dividends. Eventually they sell their small number of shares in 2017 for ~$520k and they are left with a total of $634k while they wait for the next big drop. + +Strategy 3 Result $862,000 - Buy when PE ratio <14.5 and sell >17. This investor is similar to the last, only they don’t feel they need to wait for such a bargain, instead they buy in at <14.5. They want to keep their profits however, so they’re sure to sell out when it goes above 17. They buy in the dip of 1995, and sell out shortly later in 1996. They buy again on dips in 03,05,06 and multiple times through the financial crisis, eventually selling out in 2017. They finish with $862k. + +Strategy 4 Result $883,000 - Buy when PE<14.5 and sell when >19. This final investor isn’t too worried about getting a bargain or taking profits and willing to wait to sell at a good price. They buy the same dips as the last investor, but don’t sell out as quickly. In the end they net $883k. + +So all those strategies for timing the market based on the past 25 years of ASX300 data result in less return than just putting the money in religiously each month. + +All the analysis can be seen on the below google spreadsheet. I’m more than eager for anyone to point out the holes there may be in this analysis. +https://docs.google.com/spreadsheets/d/1KhQnlVC84vz7mzJ2sh7_GQAs9u2bDIDx0JQueCMHf_k/edit?usp=sharing + +TL,DR: 25 years of ASX data shows that even fantastic timing of the market can’t beat just blindly throwing in your money each month. + +On Friday morning, Westpac announced it had extended chief executive Peter King’s tenure indefinitely. On Monday morning, the bank’s full year results made it very clear why his original two-year contract was never going to be long enough. + + +Westpac chief executive Peter King has a series of problems to fix. David Rowe + +Westpac’s result was always going to be bad, given its $1.3 billion settlement with AUSTRAC and the $3.2 billion in provisions it has taken to buttress the bank from the impact of COVID-19. + +But the 62 per cent fall in cash earnings to $2.6 billion shows deeper problems. Westpac’s mortgage business is struggling badly, its expense base it too high and its technology challenges are far from solved. + +King is facing a turnaround that could take up to five years to implement and will need to be executed in the toughest economic climate for more than a decade. + +The shadow of the pandemic naturally hangs heavily over Westpac’s numbers, but the news on that front it generally pretty good. + +Mortgage deferrals have fallen sharply, dropping from $54.7 billon initially to $16.6 billion, or about 4 per cent of Westpac’s total mortgage book. + +The story around business loan deferrals looks similarly positive, dropping from $10.1 billion to just $1 billion. + +But Westpac is a bit more cautious about the outlook for the SME sector, having seen some signs of stress emerge in the second half, albeit less than feared. + +Levels of stressed loans surged in accommodation, cafes and restaurants – no surprise there – but also rose in property, property and business services and construction. + +The next few months, as government stimulus measures start to fade, will tell us a lot more about how what scars business will be left with from COVID-19. + +Wetspac, like the broader banking sector, looks well placed to handle any COVID hit. Its balance sheet is very strong and capital levels have been boosted by fully underwriting its dividend. And given deferrals are falling away faster than first feared, the bank’s provisions are likely to prove more than adequate. + +The shock in the result isn't to do with COVID +Steering the bank through this crisis is of course no mean feat. But King’s problems are bigger than that. + +The shock in this result comes from the fall in Westpac’s core banking profit in the second half of the financial year. + +Excluding those big notable items and the impact of provisioning changes across the year, Westpac’s core cash earnings fell 12 per cent in the six months to September 30, compared with the six months to March 31. + +The bank’s core earnings were squeezed in two key ways. + +The first is the underperformance of Westpac’s core mortgage business, the second biggest in the country. + +The mortgage book shrunk by $8.2 billion across the year and while Westpac notes there are some positives in that – particularly the fact $2 billion was attributed to customers paying off their loans, and the bank’s deliberate push to wind back interest-only loans from 29 per cent of the loan book to 20 per cent – King isn’t happy with the division’s performance. + +And no wonder. Morgan Stanley’s analysis of official data from the prudential regulator showed Westpac’s growth in the crucial owner-occupier segment was just 0.6 per cent in the 12 months to September 30, compared with system growth of 5.5 per cent. + +The problem has been two-fold. In addition to well-flagged loan processing delays which had been exacerbated by the pandemic, King admitted Wespatc had made its application process too onerous. Ironically, the bank that fought and beat the corporate regulator in the famous “wagyu and shiraz” case appears to have been to cautious in its assessment of the financial position of borrowers. + +King, who has made the mortgage business a separate business line to improve its focus, wants Westpac to get back to system growth, forecast at 3.2 per cent for the 2021 financial year. + +But it will take the best part of the year to get there; in September, Westpac’s owner-occupier lending went backwards at an annualised rate of 2.1 per cent, while the system grew at an annualised rate of 5.9 per cent. + +Freshly appointed chief financial officer Michael Rowland will be handed the job of getting costs under control. Expenses rose 6 per cent excluding notable items, and 7 per cent in the second half of the year, compared to the first. + +The big increase was in risk and compliance costs, where the hiring of 400 new staff in the wake of the AUSTRAC scandal added $454 million to the bank’s cost base. + +Technology remains a key challenge for the bank, with the complexity of Westpac’s systems still hanging over the group. + +King and his predecessor Brian Hartzer have made great strides here, but the market remains convinced there will be on-going investment required. + +Indeed, while risk and compliance investment has tripled in the past five years, spending on growth and productivity spending has actually fallen almost 15 per cent. + +Rowland has promised to unveil a three-year cost-cutting strategy next May. Exactly where he finds more savings isn’t quite clear, although it was interesting to note Westpac shut 40 branches over the year. + +In a world where customers classified as digital active rose 12 per cent over the full year to 5.1 million, you have to wonder whether there’s more opportunity in this bucket. Extra staff brought in to deal with COVID will also reduce over time. + +While King and Rowland were quick to emphasise the bank’s inherent strength, they were also refreshingly upfront about the challenges ahead of them on Monday morning. + +Restoring the mortgage business and cutting costs will require a long grind, particularly in an environment where the outlook for credit quality and credit growth is cloudy to say the least. + +https://www.afr.com/chanticleer/westpac-s-in-a-bigger-hole-than-we-thought-20201102-p56ap7 +I found it quite hard, looking at my online broker, to know how bad my investments were after last month. I was believing I'd lost maybe 25% or 30%, and felt quite bad for myself. All I could see was what had happened over the last day, and that's not a nice view. + +Anyway, I discovered that Google Spreadsheets has a few useful functions for investors: not least, a way to look-up pricing from the stock market. So, if it's helpful for users here, here's a version of the spreadsheet I use (I've simplified it a bit, and removed my own data). + +https://docs.google.com/spreadsheets/d/1xBPEJOdyWE4iJtB7kbrHVGwblva5IV9gV1kPEeGin5A/edit?usp=sharing + +I discovered, after doing this, that I'd actually only lost about 5% or so - which gave me the confidence to keep going. I hope it's useful for you folks, too. (Please accept that I may have messed up this code, and not to sue me if I have!) +https://www.cnbc.com/2019/01/03/apple-stock-falls-after-cutting-q1-guidance-on-weak-iphone-sales.html + +>- The company has lost about $450 billion in market value since its peak of about $1.1 trillion last year. + +>- Apple said Wednesday it now expects first-quarter revenue to be as much as $9 billion lower than previous projections. + +>- It's the admission shareholders had been waiting for, after months of reported supply-chain cuts and a major shake-up to the company's sales reporting structure. +https://www.cnbc.com/2019/01/03/apple-stock-falls-after-cutting-q1-guidance-on-weak-iphone-sales.html + +>- The company has lost about $450 billion in market value since its peak of about $1.1 trillion last year. + +>- Apple said Wednesday it now expects first-quarter revenue to be as much as $9 billion lower than previous projections. + +>- It's the admission shareholders had been waiting for, after months of reported supply-chain cuts and a major shake-up to the company's sales reporting structure. +Like in the tittle, let's raise at 2 MB right now to find compromise and give us time so that we can work on scaling solutions instead of all this unproductive infighting. + +* We get the block-size increased. + +* The block size stay with a low limit. + +* We can see the effect on nodes, miners and decentralization. + +* It give time to work on scaling solutions who are not just a block-size increase. + +* We can handle more TPS in case we have a bubble in July's "halving". + +* No controversial hard fork. + +* Chinese miners will accept. + +* We can do research and data analysis on how the network will behave with a block increase (orphan rate, fees, nodes counts, etc, etc). + +So, what do you think about that ? I am curious. +Looking for suggestions on restaurants globally that you have enjoyed eating at . With this recession already here or looming near I do plan on taking some time away shortly to pursue more life. Please note I am looking for any and all options including and not limited to exclusive dining experiences & remote areas with memorable cuisine. + +Here are my current Top 3 in no order based on meal & atmosphere for fun and for others to make note of in their travels. + +3. Ilios Greek Estiatorio Polanco, Mexico City + +2. Attica, Australia + +1. The French laundry, California + +&#x200B; + +\- Cheers +https://www.cnbc.com/2019/12/22/uber-co-founder-travis-kalanick-is-on-pace-to-sell-his-entire-stake.html + +The ex-Uber CEO has sold more than $2.5 billion worth of shares since a lockup period expired last month, leaving him with less than 10% of his holdings left, according to public filings. + +Kalanick has been systematically selling shares since Nov. 6 at a pace that indicates he’ll be completely divested from Uber within days. + +He dumped another $383 million in shares last week and his remaining stake is worth about $250 million. +I thought it was important to highlight that all of the brokers have the same clause as eToro. Take a look at Schwab: + +Directly from Schwab's account agreement: + +" Amendments will not affect rights or obligations either of us incur before the effective date of the amendment. No prior conduct, past practice or oral statement by any Schwab employee or agent can amend or modify this written agreement, including, but not limited to, Schwab's right to liquidate or close positions in a margin account at any time and without notice as set forth in the Margin and Short Account Agreement." + +Source: [https://www.schwab.com/legal/schwab-brokerage-account-agreement](https://www.schwab.com/legal/schwab-brokerage-account-agreement) + +TD Ameritrade: + +"You can sell my securities or other assets without contacting me" Again, this is under margin accounts. + +Source: [https://www.tdameritrade.com/retail-en\_us/resources/pdf/AMTD182.pdf](https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD182.pdf) + +All of them can margin call you. Unlike brokers and banks, they don't need to give you a grace period to come up with the funds. They don't even need to give you the *privilege* of a phone call. + +What about Computershare? I think this sums it up nicely: + + +"What happens to my registered shareholding if Computershare is no longer the transfer agent? + +​In the context of registered shareholding Computershare as transfer agent is acting as a recordkeeper. Transfer agents do not have ownership of the securities for which they maintain the records of in any circumstances." + +and + +"Are DRS shares ‘locked up’ on Computershare’s systems? + +​No. Shares in DRS form can be sold and purchased via the US public markets and can only be transferred by the investor or his or her broker with permission." + +"Do you hold SIPC insurance (or any other insurance to protect shareholders)? + +​SIPC is not relevant in the context of transfer agents, as investors' assets are on the register, and the register would be taken on by a successor agent. Computershare carries professional indemnity insurance as cover for other issues." + +This last one is really telling. Let me know if I'm wrong (I like the green crayons most) but this means that Computershare isn't taking large stupid bets with your shares, they can't and don't lend them out for short sellers. There is no real reason why they would go bankrupt, and even if they did, they would still have your shares on record, in your name. + +Source: [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) + +The only weak link I see in Computershare is the fact that they need to use a broker to buy and sell shares on your behalf. They state that they use Merrill Lynch (Bank of America) which doesn't sit well with me, personally. However, if you're like me and are waiting for these crooks to be in a cell, no sell. + +Do your DD and once you've come to the conclusion that you can't trust any of these brokers, cash account or margin, you just might feel the need for a purple donut. + +DRS. +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 bought eth around March at eighteen hundred. I had hope it would sky rocket over night the way btc seemed to do. When it didn't I almost sold at the dip for 1600. Instead I started doing research and understanding it more. Since then we've been seeing ATHs seems like every week. And eth got hella popular. Lots of newbies coming in and asking questions and totally fine but gah damn hold your ETH and don't think this is a get rich scheme! Crypto isn't going to make the average folks millionaires unless you dump hella money into a meme and get lucky! Even then why wouldn't you dump that money into something that's a guaranteed win. It's going to take some time but damn it we got this! Seems like people want it to keep going up but keep selling, that's now how a market works. +I've noticed by quickly referencing [Moonarch](https://moonarch.app/) that most meme coins significantly rising at alarming rates in a matter of minutes either have insufficient liquidity to actually trade back when the buyer goes to sell, or they just don't have liquidity at all. + +$6 seems to be a trend. +For pancakeswap to actually allow you to sell your new deflationary tokens, bare minimum you would want is a few thousand dollars in liquidity to exist. + +I personally wouldn't invest in anything with less than $100k liquidity, but given it seems I have very different values in this market, ~~$10k~~ $25k honestly should be the minimum liquidity you're looking for. + +here are tools that can help you quickly check liquidity: + +#BSC TOOLS + +1.) [Moonarch](https://moonarch.app/) as i mentioned includes lists of trending assets. simply tapping the name activates a popup that reveals the total liquidity staked on exchanges + +2.) [Bogged.Finance](https://charts.bogged.finance/0xB09FE1613fE03E7361319d2a43eDc17422f36B09) charts allow you to search any token address, and it will give you a more in depth view of liquidity, including the value of each LP Token, which exchanges they're staked on, how much is staked on each exchange, and the total amount of liquidity staked between all exchanges.(scroll to bottom of chart page for this) + +3.) [pancakeswap.info/token/[replace with your token address]](https://pancakeswap.info/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82) is the in-depth look at trading and liquidity from PCSs perspective. this also includes staking and instaking events of LPs on PCSV2 + +BONUS 4.) [redfox.finance/](https://redfox.finance/) is another great tool for BSC, as is DEX.GURU, which is included below in the ethereum platforms. guru works for bsc as well. + +Please never buy any sort of meme token without checking this first. + +a quick scan of Token fomo shows hundreds of new assets are created every hour. some of them are legitimate, but an overwhelming number are not. + +many of them are also counterfiets, using identical names as real assets. + +you should ALWAYS review the address first. Never sinply go by the name of an asset. + +please protect yourself from these scammers. + +they're scumbags who DO NOT deserve your hard earned money. + + +#ETHEREUM EDIT +the tools above are built on binance's smart chain. + +ethereum doesn't appear to have anything quite like moonarch, at least not yet, which is what drew my attention to these assets without liquidity ranking as top gainers in the first place + +however ethereum does have tools to check liquidity. + +*someone inquired about MM, so both of these links below will bring you to its data set on the respective platform* + +*just replace the contract address in the search bar with the address of the coin you want to check, which you can get from [cryptorank.io](https://cryptorank.io/), [coin gecko](https://www.coingecko.com/en), [CMC](https://coinmarketcap.com/) , etc.* + +*or if it's already in your wallet, you can pull the address from [etherscan](https://etherscan.io/) by looking up your wallet address* + +——— + +very similar to bogged ***DEX.GURU*** is a rather comprehensive platform for ERC20 tokens + +[dex.guru/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611-eth](https://dex.guru/token/0x6b4c7a5e3f0b99fcd83e9c089bddd6c7fce5c611-eth) + + ***DEX.GURU is also a multi-platform tool. I know it covers ERC20 and BEP20. it may very well cover other popular chains as well.*** + + +and much like pancskeswap discloses information for each asset and trading pair it offers, ***V2.INFO.UNISWAP.ORG/TOKEN/[ADDRESS]*** does the same + +[v2.info.uniswap.org/token/0x6B4c7A5e3f0B99FCD83e9c089BDDD6c7FCe5c611](https://v2.info.uniswap.org/token/0x6B4c7A5e3f0B99FCD83e9c089BDDD6c7FCe5c611) + + + + +***ANALYTICS.SUSHI.COM*** does the same + +Here is sushiswaps full list of their top 1000 tokens +[analytics.sushi.com/tokens](https://analytics.sushi.com/tokens) + + +and if you want to quickly navigate to one particular asset, just click on any one of those, and replace the contract address in the search bar with that of the asset you want to check + +like this +[analytics.sushi.com/tokens/[token address]](https://analytics.sushi.com/tokens/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2) + + +[***dextools.io/app***](https://www.dextools.io/app/) +also has some interesting offerings, that will allow you to dive into individual popular dex's. maybe one of the better of this list. + + +[***VFAT-TOOLS***](https://defiprime.com/product/vfat-tools) *(defiprime.com)* may or may not be a good source for other chains... or maybe its just for tracking yield farming and impermanent loss.. not really sure what the hell I'm doing when i open that bad boy up, but if you're a gen Z'er it may feel intuitive. (*however, if you're a millennial who isnt also a software engineer, just omit this whole section... shit ain't for us*) + + + +#🌈LIQUIDITY🌞 +If I have a list of entries a trader has made, how can you analyze their trading patterns? + +Could you use K-means clustering or some other unsupervised learning algo to find patterns in different indicators maybe like RSI, current volume compared to avg, CCI, support/resistance levels, etc. + +Are there any other ways to analyze a list of trades that a trader, including myself, has made? +Hello all, + +Firstly, thank you for all being so informative and asking good questions that have guided me through the early stages of my algo-trading journey. + +I wanted to link my Python/Binance bots ([https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin\_reg\_trader/linreg\_5min.py](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots/blob/main/Lin_reg_trader/linreg_5min.py)) GitHub so that you lot could tear it to shreds. I have only been coding around a year now and without any formal teaching, so I feel as though now is a good time to try and engineer some free help to prevent picking up really bad habits. This is primarily for sad Oracles on here who want to feel superior to me, but if your a proper fucking cowboy you can use this code yourself. + +I have also back tested ML and Linear regression based strategies which can be found here: [https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots](https://github.com/c-s-westphal/Binance-Trading-Backtest-and-Bots) + +Thanks in advance for any advice! +I come here and see people who have crazy dividends, like 1000 a month on average for doing nothing (as a 21 year old, that's more than double if I worked my job normally. holy shit), so I wonder how much time and money it took to get there. + +my strategy currently is just investing in 100% VTI in my roth and later down the line, maybe I'll switch over to some dividend ETF's or so. I really look forward to looking back when I first started investing at 21 and seeing how far I've come, or even living off the dividends as some people do. + +but the thing I've heard with dividend investing is that it takes quite a long time. I've seen a channel called genxdividendinvestor on YouTube and they clearly know more about dividends than I do. they mentioned one ETF in particular that was both a great dividend ETF with a good yield, as well a as a safe one with some good growth, so if that's the case then i wonder if anybody else has taken advantage of such a thing and how long it took people to be FIRE? +VOO and VIG ordinary income dividends + +I just noticed that VOO and VIG were ordinary dividends and not qualified for the most recent payment. Why is this? Shouldn't they both be qualified? +I have been investing for the past decade primarily in index funds, but recently decided to take a closer look at my portfolio to see if I could make some improvements. After weeks of reading about various investment vehicles, I am not understanding why REITs are not a much bigger part of people's portfolios. I have found at least ten REITs that have been providing dividend returns of over 13% for years. With the S&P 500 returning about 9-10% over long time frames with high degrees of variability, why are people not invested much more heavily in REITS with high dividend returns? I have to assume there is something I'm not understanding here since most of the advice I have recieved is to stay heavily in index funds, so any help is appreciated. + +Edit for background: I left my career to attend medical school and become a surgeon, so I have some money saved up, but I won't be bringing in much salary for the next decade or so while I complete my education and postgraduate training, so I don't think taxes are as big of a concern for me. + +Edit 2. It looks like I made a mistake in analyzing these REITs. The current percentage is around 13, and they have been providing the same dividend per share, but historically the prices of the shares were higher, leading to dividend percentages being much lower in the past. Still, does that mean it is a good time to buy? +Hi everyone, + +About a year ago I put together a dividend plan for myself and the significant other with the goal of eventually being able to pay our rent + utilities completely from dividends within 3-4 years. The plan is to eventually buy a house and pay the mortgage with dividends as well. I've been reading r/dividends for a while and I think getting some opinions on our dividend income plan from the community could only make it stronger, so I really appreciate you guys reading through this and poking holes or giving advice. + +A little bit about us: We're two young professionals in our mid to late twenties. I make 110,000 +20,000 variable bonus / year, and the partner makes 90,000 + a variable amount of RSUs a year. I am debt free and my partner only has 1600 left on their student loans. Our rent combined is 1800/month and our utilities are usually 100-200 a month depending on the season (winter heating bills are high). + +Basically our total rent + utilities expenses are essentially 2000/month max, or 24,000 a year. + +I tried to diversify our dividend plan by industry and weight towards stocks I felt more comfortable with based on their history and price volatility. I assumed that everything we buy will be put on a DRIP for the next 3-4 years so our number of shares that we own should snowball over time. I included some stocks we already owned in the plan (like $AAPL and $ADI) since they do pay some dividend, even though its kind of low. I also tried to include stocks that had cheaper prices (prices lower than 100) so we could buy more shares every month. We're planning on investing 3000-4000 dollars a month in the below plan: + +&#x200B; + +|Ticker|Industry|Price (as of mid dayish 6/5/2020)|% Dividend|Goal # of Shares to Own|Goal Annual Profit from Dividends|Cost of Goal # of Shares| +|:-|:-|:-|:-|:-|:-|:-| +|$VZ|Telecom|57.74|4.30|3000|$7,448.46|$173,220.00|