diff --git "a/reddit_finance_43_250k_346.txt" "b/reddit_finance_43_250k_346.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_346.txt" @@ -0,0 +1,10000 @@ + +2. Derivative leverage. This is the more serious of the two points and unfortunately the one I am less familiar with. In short, passive asset managers basically market themselves on their tracking error – how much they over/underperform the index. Buying and selling shares, especially the smaller illiquid stocks, is expensive, so these funds reportedly often use derivatives like futures to replicate the index – ie, while there is money being made if a stock goes up, no one actually bought the stock. You can thus in theory have multiples of a company’s market cap in investor exposure, which is obviously a dangerous situation. I do not have any figures on this and base most of it only on what friends working at asset managers tell me – if someone has more information please do share it. Burry’s point is basically that if these system starts reversing, the amount of selling could quickly become much larger than the underlying stocks can handle and cause an exacerbated crash. I am not sure how right he is here – feels somewhat farfetched, but when Powell did not immediately cut rates in response to trade war related slowdown the SPX reaction was markedly sharp. No direct tie to indexation of course but could tie in to his thesis. + + + +Why is this relevant to this sub? It is the primary investment strategy of a sub that advocates building your savings to a much larger level much earlier than the average person. Also the average FI reader is much more serious about their finances than on r/investments so yes, I do think this is a relevant discussion for this forum. + +Personally, I do not think central banks’ strategies of reflating asset prices will work indefinitely so I do not like to keep the vast majority of my NW in listed instruments in general (as these benefit most directly from the current global liquidity glut). I prefer a more traditional, diversified asset split and add some risk in via very tax-efficient seed investments (possible in the UK, not USA) and some property-related side hustles. Interestingly this is similar to most financial professionals I know. If I was investing over a 20year period I would probably not be too worried about being mostly in index funds at my age; still I think this is worth a more detailed discussion than is currently on reddit. + + +I wish I had more concrete research or figures to share but I don’t. If this post is not concrete enough then Mods, go ahead and remove. I am writing this for the benefit of the community, do as you think is best. + +EDIT: I don’t have time to respond to all the individual comments but thank you, this is exactly the discussion I was hoping for - I definitely learned a lot from it so far. If someone wants to go through the comments and try put together a summary of some of the points/views raised in a separate post I’m happy to link it here.. it’s become quite a long read now. +Also, thanks for the silver! + +Was just wondering if professional trading still a major activity of investment firms? I know before electronic trading was mainstream, discretionary trading was very popular among firms. + +However in modern times, I would assume that quantitative and algorithmic trading will eventually dominate the field +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the 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! + +Work in banking. Just found out we are being acquired. + +&#x200B; + +People are devastated, partly feeling betrayed, partly wondering if they'll have a job. + +&#x200B; + +By pursuing FI, I have a sense of calm. Through severance, unemployment claims, existing retirement and savings, I could last awhile without a new job (several years). I wish the best to my colleagues. + +&#x200B; + +Just another example of the power of FI, whether you're there or not. + +&#x200B; + +Stats: + +28M, $70K retirement, $15K savings, $10K mortgage, $35K annual spending, losing my $85K salary most likely. + +Wife+2 kids +**Please see my edit at the bottom of this post!** + +https://www.reuters.com/article/us-health-coronavirus-usa/florida-arizona-nevada-hit-daily-highs-for-covid-19-cases-idUSKBN23Y0MR + +"Nevada disclosed 1,099 new cases, double its previous high." + +At the height of the pandemic for New York, in the second half of March, they were averaging about 9k cases a day. New York has a population of 19.4M people, meaning roughly 1 new case every day for every 2,160 people in New York in March. Nevada, with 3M people, set a record for themselves of 1 new case for every 2,700 people. And the numbers in Nevada are increasing fast. Nevada could pass New York's worst day in per capita terms in a week. + +I just can't see the casinos there remaining open, and even if they do stay open, no one will want to visit from out of state. + +**EDIT:** Turns out the overly big jump on June 26 was due to data from lab reports dated 23 and 24 June being included in the 26 June total. However, the brand-new numbers reported for today, June 27th are likely a new record even though weekends are usually lower numbers. + +https://www.southernnevadahealthdistrict.org/news-release/public-health-update-covid-19-case-increase/ + +"After a review of the case data, it was determined the increase in reports was due to a delay in laboratory reporting. More than 240 of the cases reported were from laboratory reports dated June 23, and more than 380 were from reports dated June 24." + +Original data from: https://nvhealthresponse.nv.gov/ + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 507 + 25-Jun : 381 + 26-Jun : 1099 + 27-Jun : 821 + +I manually adjusted the data, assuming a 1-day offset between lab report date and the date the info is reported by the state (moving 240 and 380 cases from June 26th to the 24th and 25th, respectively): + + 19-Jun : 445 + 20-Jun : 274 + 21-Jun : 330 + 22-Jun : 462 + 23-Jun : 355 + 24-Jun : 747 + 25-Jun : 761 + 26-Jun : 479 + 27-Jun : 821 + + +# Analyzing EEENF's Path before imminent news. + +📷 + +Today started off rather rough, with an opening less ideal than we all expected. A classic dip around 11 emerged, stumping many. This can be easily justified by major funds shorting the stock in conjunction with buying it at that lower dip. People panic selling didn't help either. However, FOMO helped us push through all of this downtrading pressure, and in the end we held a rally as shorts covered and funds bought. The big question really is tomorrow, and the price we will see for the stock. There are many factors. 1. Social media presence and more importantly [r/pennystocks](https://www.reddit.com/r/pennystocks/) presence and knowing about this ticker. The best way to win big on great news is to have a lot of people find out. Tomorrow will likely open with a small dip from selling and shorting, followed by retail investors scooping up shares in speculation. Breaking .030 sometime during the day is almost a definite, as we are flying through every resistance point and approaching a blue sky breakout, similar to MDMP pre announcement. Next is the news. Naturally, I'm a pessimist. However, I'm optimistic on EEENF. + +1. 9 out of 10 Wells located north of Merlin-1 have found viable industrial grade oil. +2. David Wall repeating multiple times in interviews that his goal is to strike oil and sell his company to the highest bidder. +3. ELKO receiving shares for their labor. Some may think of this as a spur of the moment decision, but it isn't. They were informed of the project before December, at a price lower than the 6.5 million range they are being payed now. The increased price is from delays and confirmation to start drilling. +4. Mud logging, a process of estimating with oil in the area, apparently should be known by Sunday night. A bad result in the beginning oil field layers may have resulted in an early announcement declaring absence of oil. + +In the end, hold if you got in below .025 range, or buy if you don't have a position yet. My price target is .30 cents based upon O/S and hype. + +We’ve really come along way + +Keep pushing for positive changes + +Keep fucking loving each other + +Keep DRS’n those moon tix + +Hedgies R’ Fuk + +Ryan Cohen is hot + +My ass itches + + + +I’m not selling til Ken Griffin of Citadel is giving Blowies for mayo packets + +We all know GameStop is going to be a behemoth tech giant and I can’t wait to watch it develop + +The price is wrong + +Eew eew llams evah I + +*if you are not a Directly Registered Shareholder (DRS) do you actually own them? + +We’ve really come along way + +Keep pushing for positive changes + +Keep fucking loving each other + +Keep DRS’n those moon tix + +Hedgies R’ Fuk + +Ryan Cohen is hot + +My ass itches + + + +I’m not selling til Ken Griffin of Citadel is giving Blowies for mayo packets + +We all know GameStop is going to be a behemoth tech giant and I can’t wait to watch it develop + +The price is wrong + +Eew eew llams evah I + +*if you are not a Directly Registered Shareholder (DRS) do you actually own them? +Plasma donation place in my city is offering $1,100 for the first month you're a donor right now, to get people back in after the pandemic made things kinda iffy. Great! I'm unemployed, my car is currently inoperable, this will be a great boost! + +But it can never be that easy. I get in there, the phlebotomist checks my veins...***and they're deemed too small to donate***. HOW THE FUCK DOES THAT EVEN HAPPEN??? The one fallback everyone always talks about, the one thing you're always supposed to be able to do, ***AND I CAN'T EVEN FUCKING DO THAT***! I'm so tired of a solution to my problems seemingly being right in front of me, only for it to be ripped away by the powers that be, with some bullshit reasoning. + +And you know what makes it even worse? The fact that I had an IV in the day before I tried to go donate, nurse said my veins were amazingly easy to find, but the donation center couldn't use that vein because "we can only use the veins by the crook of your elbow". Why??? Why does it matter? Literally just flip my arm over, there's a vein right fucking there! But nope, "company policy" or some bullshit. I feel so defeated. Fuck this shit +n00b here, just trying to make sense of things. I understand that gold is usually seen as something that retains value regardless of what else is going on, so how does this fit into the situation? Are people now more comfortable with other investments so they're moving money out of gold into stocks? What triggered this? + +I've heard mention of Obama's fiscal policy being the root cause, maybe I need a short ELI5 explanation for that too...(?) + +thanks much + +PS if gold is dropping is this a good time to buy into gold and/or companies involved in mining gold? +To paraphrase Mac from *It's Always Sunny in Philadelphia,* no one makes a bet like [that without an angle](http://itsalwayssunny.wikia.com/wiki/The_Nightman_Cometh). So what's Warren Buffet's angle? + +Here's my theory: He's got a lot to gain from increased attention to the NCAA games due to the variety of companies he owns which advertise and profit from March Madness. + +* GEICO and other insurance companies advertise heavily, especially during games like these. + +* He owns Berkshire Hathaway Assurance, which could start to issue bonds to help pay for new bond-funded sports stadiums or other public works projects. + +* He recently bought Russel Corporation, a company that makes sporting equipment (such as Spalding basketballs) and clothing. + +* Jordan's Furniture has done several bets like with Red Sox fans, and they made a ton of money off of it and all the increased free press. + +* He owns 28 daily and 42 non-daily newspapers, which may get increased sales during this time period. + +* They also have stakes in Coca-cola, American Express, DirecTV, Walmart, Mars Inc, Heinz, Brooks Sports, Procotor & Gamble, etc. + +* Also, with all the above, I don't think Berkshire Hathaway is all that invested in the Olympic games, which may make even die hard sports fans sick of watching TV come March. This is a way to keep up interest after the Winter Olympics are over. + +Like [Frank Reynolds said](http://www.springfieldspringfield.co.uk/view_episode_scripts.php?tv-show=its-always-sunny-in-philadelphia&episode=s09e02), "This is America: you're either a duper or a dupee." Warren Buffet is a duper. If you watch the NCAA tournament, you're most likely a dupee. Unless you also own shares of BRK.B and don't waste a ton of money on food and other crap while watching the games. + +Disclaimer: I own some shares of BRK.B. + +Edit: I just saw that he's not running the contest, [Quicken Loans is.](http://www.latimes.com/business/money/la-fi-mo-warren-buffett-billion-dollar-bet-ncaa-basketball-20140121,0,1345560.story#axzz2rErh6qkU) Warren Buffet is the insurer, and did the deal for a $10 Million insurance premium. So in the very unlikely event that someone gets a perfect score, BRK will be out $500 Million. But in the very likely event that no one wins, Buffet will have made $10 Million. +In a new study on the hydrogen market, Guidehouse Insights expects annual electrolyser capacity to explode from the current 0.5 to 84.7 gigawatts by 2031. This would mean an average market growth of 78% per year and an overall increase of a whopping 1,700%. Of course, there are still numerous challenges before the breakthrough of green hydrogen. Aspects of hydrogen production supply and value chains, including the parts and components that make up the electrolysers themselves, are technologically immature, logistically uncertain and expensive. Other challenges include land and water use, insufficient government policies and incentives, and the need for more infrastructure for transport and storage. + +NEL: RBC CONFIRMS BUY RECOMMENDATION + +When it comes to hydrogen production plants, there is no getting around Nel ASA. However, the company has disappointed in terms of growth in recent quarters. However, Canadian bank RBC still sees potential in the stock. Analysts yesterday raised the price target for Nel shares from 21 to 24 Norwegian kroner and confirmed their "outperform" recommendation. The sales estimates for the hydrogen specialist have been raised. However, the costs are also likely to increase, according to the analysts. Overall, Nel ASA remains one of the best green hydrogen bets. Operatively, the Norwegians had recently achieved success in Spain. The joint project with the Spanish energy supplier Iberdrola has received important financing of around EUR 88 million. The partners want to build one of the largest hydrogen plants in Europe halfway between Madrid and Malaga. A solar park with an output of 100 MW is to be built there. The energy is to be stored in a battery with 20 kilowatt hours and then converted into green hydrogen. +An illustration from my own life: + +I once joined a board about 20 seconds after its president was removed. The board had an amendment already drawn up and ready to be approved, waiting to formally conduct the meeting. I was at a bank with a letter signed by the Chairman, waiting for the go-ahead to take over. + +Lesson being, boards can make things happen as quickly as they like. At the same time, they have to follow a very strict process. The guy speaking was just talking like a lawyer. Don't be disheartened. + +The GameStop board is not going to say anything before it's doable. And the first step is amending the charter to increase the number of shares. Then, the split will be announced. + +I think this makes it pretty clear, by the way, that GameStop would not have done a dividend without shares being 1,000,000,000. + +The odds are INCREDIBLY slim that the board suddenly got cold feet when everything they asked for happened. LOL + +TLDR: Split incoming +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hi, I have questions for those who have purchased a turnkey property. I'm under contract to purchase a duplex, hopefully closing 10/30. One unit was rented as of 9/21. The tenant paid sellers a security deposit, first + last month's rent, and two additional months' rent. On closing date, tenant will have occupied the property for a little over a month but have paid four months' rent to the sellers. How does this work? Am I entitled to collect prorated rent from the sellers, payable from date of closing? Or am I out of luck on almost three months' worth of rent? + +Also, any advice on peaceful transition of a property is helpful. Should I expect a fight with transferring security deposit, etc? +Hello All, + +First time investor and hoping to gain some insight from folks here. The deal is for a three family house (triplex) in Worcester Area of Massachusetts. Deal analysis can be found here: + +[https://imgur.com/a/EUYg5dc](https://imgur.com/a/EUYg5dc) + +The Cash on Cash ROI isn't coming out great at this time (I was conservative with my numbers though). The property is in good shape and is in a desirable area of the community. Some of the main issues I found are the landlord is paying for all bills (electricity, heat, water, sewage, trash). Hence, the bills are insane (Average $450 for electricity/ month; $580 for gas/month; $200/ month for water/sewage/trash). The tenants have laundry and dryer hookups and each set of tenant has their own washer/ dryer installed. Also, during December, some tenants had ACs installed. The heat setup is a single natural gas boiler. + +Some of the things I am thinking of working on to increase the cashflow is: + +\- Get an energy audit (Mass Save) and get any insulation/ air sealing work done to help with reducing the heat/ electricity bills. + +\- See if I can get the tenants to start paying electricity bills. Some electrical work is required to get this done (as there is no landlord meter at this time but there are 3 sub-panels and one main panel) but at least I can start with at least one/ two of the apartments. + +\-  Change the heat boiler (water based) to a higher efficiency one. Currently, its a 1960s oil boiler that was converted to natural gas. I am sure the efficiency of the boiler is low compared to today's boilers. Look into splitting one boiler into three and make tenants pay the heat bill but this will probably be too costly. + +\- Currently all tenants have dryer/ washer hookups in the basement and hence, water bills are probably high. Change it to coin-op washer/ dryer to make tenants more accountable/ reduce water usage. I would probably have to wait until current tenants leave as I am sure they won't be happy if I change it now. + +\- Currently, tenants are at will (no lease). Create a new lease where I state fines for having ACs in the house during Nov-March and if windows are found open. + +\- This is a buy and hold property. I am hoping above changes will improve the cashflow.  Please let me know your thoughts and any other recommendations. +They are censoring us. They are bullying us. They are using all their sophisticated tools to hack the market. + +They make us think that the game is very difficult, tedious, and tiresome. + +They make us think that we are alone and crazy. + +They make us think that we don't stand a chance against their vast armies of unholy PhDs and connections to powerful people who can move goalposts around. + +# BUT YOU KNOW WHAT? + +Their arrogance got the better of them this time around. They left traces of their corruption and tactics for all of us to see. They *stupidly* set their level of difficulty to 'impossible mode' thinking they will always win. + +Now, to survive, they need to do a thousand things every. Single. Fucking. Day. They have been bleeding massively through a thousand paper cuts every day for almost 2 years (likely more). + +They know if they don't get retail to sell, then, "scorched earth, baby". + +But remember, it is okay if this subreddit goes down: We know all their dirty tricks through the amazing DDs. + +# LISTEN UP. + +# THE GAME IS SO FUCKINGLY STUPIDLY SIMPLE TO WIN IF YOU IGNORE THE DRAMAS AND DISTRACTIONS. + +***BUY*** **through Computershare.** + +***BOOK*** **your shares (extra precaution).** + +***HODL*** **for the long haul.** + +***NO CELL, NO SELL.*** + +&#x200B; + +See you in Uranus, regards. 🫡 +Robinhood is telling me Tesla's market cap is still 110 billion but according to google's data and yahoo at ([https://finance.yahoo.com/quote/TSLA/](https://finance.yahoo.com/quote/TSLA/)) Tesla has a market cap of \~140 billion dollars. + +This is like a week or two away from surpassing Boeing's market of \~177 billion dollars. How can a car company that is delivering what less than a million cars in 2020 have a market cap that surpasses some of the most established airspace and military companies. I understand electric cars are the future and I'm happily making bank on owning Tesla stock but how can the valuation keep growing when there are still expectations to be met. + +&#x200B; + +Is this unironically a bubble moment? I'm not saying Tesla's stock doesn't deserve to be north of 200 dollars but when the stock already surpasses some of the most established companies such as but not limited to : Costco, Lockheed Martin, Ampgen, and soon to be Boeing way before the company can deliver even 1 million cars in a year what is going to happen when we get to 1 million deliveries? Is this going to be a 500 billion dollar company? What happens if they deliver only 2 million cars in a year will this be a trillion dollar company at the current rate of valuation? +I'm 16 and I was just kicked out of my parents house. I am currently in 6th form, and do not want to leave it. I can get a job but they reccomend I don't do any more than 8 hours a week. Are there any financial programmes that can help me? +I'm working on a hobby project where I analyze stocks that were bought by members of the US congress. Given that they are effectively allowed to perform insider trading, we can assume that at the time of purchase, the stock *appeared* to be a good buy based off of some hidden knowledge. However, some of these trades happened 30ish days ago, so it's possible that the stock already jumped and it's too late for us to reap the same rewards. So, how can we make a good guess on this problem? + +Here's what I've come up with so far: + +1. Analyze the percent return if the stock were sold at its most optimal time between the purchase and today and then contrast that with the amount of money that was put into it. So, if it's a small purchase, we likely can expect a small return but if they bet big, we might be able to assume a big return. I'm not sure if this approach is particularly good though, as the size of the purchase might only be a measure of the certainty that it'll increase in value and not necessarily the amount by which it would increase. +2. I can use SMA's to see the general direction of the stock to try to pinpoint if it's still moving in the right direction and to try to detect *when* it should be sold. + +I'm a competent developer, but I don't know a ton about stocks so I really appreciate any feedback you may have. +Hi everyone, I'm currently participating in a quantitative trading competition and would love some advice on data and overfitting. We have been given a very limited amount of pricing data (and only pricing data), so I've decided to employ pairs trading based solely on statistics modelling. + +My current methodology for determining the hedge ratio is to use OLS, on the first half of the data, then use this coefficient on sets of the data, checking for stationarity and if the means of the data are within 1%. I test on the final 50 entries, the other half of the data, and the entire set with the criteria above. This has given me around 20 pairs to trade with. Is this a good practice? Or should I simply calculate the ratio on less/more rigorous tests? + +Any advice is greatly wanted as I'm still learning, thanks. +If a man or woman develops a trading strategy and algo that consistently beats the market while maintaining a good sharpe ratio and diversification —- what is it worth? + +I’ve just started algo trading as a hobby. I’m an engineer, but I have a strong interest in economics. I’m trying to grasp the environment, and understand algo traders end goals. +Hey Guys, + +It feels like alot of algo trading info just mentions certain strategies like SMA or people obsessed with machine learning. I'm wondering if there are any good books, or materials that just go over actual process and structure for building the algos. I've put together my own guide that I won't link because of the rules, but I'd love to see some other resources on more the basics. IE a development approach, CI/CD type flow for new algo release, and finally a componentize architecture for the actual algos. + +Thanks again. +I’ve been waiting for this moment since freshman year retards don’t fuck this up. I’ve lost too much money with you fuckers during my high school time to not let the same ones fucking my portfolio fuck my senior quote. Standard quote rules apply. Go nuts. +Hi Everyone, + +Having seen the post today urging action on FTDs, I wanted to show you what We The Investors has been working on. This is for a second sign-on letter focused on reforms to Securities Lending, Direct Registration and Settlement/Clearing. The letter will lay out a series of reforms and actions we want to be taken. We know this matter is of critical importance to the health of our markets, and if we're able to show a similar level of support as our previous effort (or maybe even more?), we can get in front of regulators and legislators to make sure they are aware of retail's concerns and continue to advocate for important market reforms. + +So here is a list of potential reforms for this second effort. I'm not sure that we should tackle all of them, but these are the ideas that we've come up with. Let us know what you think, what we can improve, what we missed, what we should change, etc. + +*Transparency* + +* **Lending Disclosures**: Investors have the right to know whether their securities have been lent out, and how much revenue the broker has received. +* **NOBO/OBO designations**: Intermediaries should explain to investors the choices they may make as it relates to transparency of share ownership, where shares are recorded in a brokerage account in beneficial format. The default options should always be NOBO, which enables companies to communicate directly with their investors. Shielding holdings from investee companies should be a right that an investor should opt in to. +* **Investor Communications and Proxy Voting**: Investors should be able to receive their communication directly from the company they invest in and not have their shareholding pooled with other clients of the broker, whose interests may not be aligned. Investors should be able to vote directly with the company, and have their voice heard at general or extraordinary shareholder meetings. Their votes should be directly confirmed by the company or its agent. + +*Investor Choice & Control* + +* **Control of Stock Lending**: Investors have the right to decide whether their securities can be lent out to short sellers. Shares should NEVER be lent by a broker or intermediary from customer cash accounts without the investor’s explicit permission and without being debited from the customer’s account. If shares are borrowed by the broker from a customer’s margin account, the securities should be debited from that account to avoid discrepancies in share counts. +* **Control of Registration**: Investors should be able to choose whether their shares are to be held in a brokerage account or in direct registration form in the investor’s own name on the company’s share register. + +*Settlement & Clearing* + +* **FTD Visibility**: Failure To Deliver disclosures need to be updated more often, and include more information, including how and when FTDs are remediated, what type of counterparty is responsible for the failure (bucketed into clearing broker, exempt market maker or custodian), and how long the FTDs remained open. +* **Closeout Restrictions**: There needs to be transparency when the borrow markets are used to cover fails, and located shares should not be able to be used to close out failures-to-deliver, unless the borrowing is recorded centrally and the information regarding the share position is available to the market. With this disclosure, investors can know the market is still short that amount of shares and the borrower must at some point buy back the shares to repay the stock loan. +* **Margin Transparency**: Investors need visibility about estimated margin per security for Clearing Brokers. +* **Netting Transparency**: Investors need disclosure of gross versus net notional or share count per security to help understand trading dynamics and discern the level of real investment versus intraday trading activity. +* **Investor Accounts**: Brokers should not credit securities to a customer’s account on the intended settlement date, or debit the customer’s cash account, unless the broker has paid the counterparty for effective settlement of the client’s transaction. In part this will also help to avoid future discrepancies in share counts. +* The elimination of "fails as a business model" by making them economically unsustainable, through: + * either a **Mandatory Buy-In**: after a short ''threshold period”, the fail should be cleared through a mandatory buy-in rather than the rarely used, voluntary buy-in. + * Or **Interest Charges on Fails**: the buyer receives interest payment on the value of the shares not delivered by the seller, at the share price of the purchase date. This disincentivizes failing until the stock price sinks. + +Thank you for all the feedback - we are doing everything we can to work for change, and to make sure that retail has a seat at the table. + +*NOTE: Reposting with edits to adhere to sub rules.* +99% of people in here have no idea what the fuck they are talking about. I'd guess your average "investor" in this sub is about 19-24. For the last 2 years in crypto, you could pretty much throw a dart and pick a winner. Everyone who made some cash last year thinks they are a genius because they can draw some lines on a graph. I've spent a few hours on this sub daily for the last month or so, and I am 100% confident saying a new investor will walk away worse off than if they never read a single word here. It's mostly just shilling of something they want to see go up or some uneducated ramble about a stocks potential. + +This sub, in theory, is like /r/askscience, in the sense that you expect educated people providing educated answers, but it's not. This sub is a cluster fuck of people saying whatever the fuck they want, and stuff randomly upvoted based on pure speculation or more likely vote manipulation. + +I'm not saying good advise can't be found, but if you read something questionable, check the users post history. If most of the other posts are from /r/overwatch, then maybe do some more HW. +I'll start by saying, I am long time index fund investor who previously didn't really dabble with the market outside of funding my 401k for the last 15 years. I joined thetagang late last year and it's been great - easily one of my favorite subs. + + +I've seen a lot of people do well and earn great returns, but what continues to echo in my head is the advice that an average person can't expect to beat the market over a long period of time. + + +And here I am, actively monitoring and managing my spreads and wheels, taking my premiums, but wondering if all of this is a waste of time in the long run (although it is fun, which has its own sort of intangible value). + + +Keep in mind, I am an inexperienced options trader, I sort of know what I'm doing but I'm terrible at doing my own DD and doubt I am making the "optimal" moves most of the time. + + +I'll end this post with the question from the title: **Is anyone else de-motivated by the notion that, over the long term, you aren't expected to beat out the returns of a broad index fund?** +Looking at the Wheel backtest that was posted recently, at first glance it seems that wheeling on SPY underperforms the market. + +I was looking at the following benchmark indexes from CBOE: + +1) Cboe S&P 500 30-Delta BuyWrite Index (BXMD) - This tracks selling monthly covered calls at 30 Delta + +2) Cboe S&P 500 PutWrite Index (PUT) - This tracks selling ATM puts + +According to CBOE, both these indexes have outperformed the market over a 32 year period. They claim that these indexes have had higher total return, higher risk-adjusted return and lower volatility that the S&P 500. There is no index tracking 30 Delta PutWrite, if there were I assume that would have even better returns that PUT. + +As the wheel is a combination of these strategies, I am assuming the returns from the wheel should be even better. + +I am sitting here scratching my head on why the backtests seem to show the wheel to underperform whereas the indexes from CBOE paint quite a rosy picture. + +One major aspect I see with u/spintwig's research is that they have factored in commissions and slippage, but not sure if that would really cause such a huge discrepancy with the CBOE indexes. + +CBOE Resources: + +[32 Years of Performance History](http://www.cboe.com/blogs/options-hub/2018/07/06/32-years-of-performance-history-for-10-benchmark-indexes-that-use-s-p-500-options-lower-volatility-and-enhanced-risk-adjusted-returns) + +[Wilshire Options-Based Benchmark Indexes 2019](https://www.cboe.com/micro/buywrite/wilshire-options-based-benchmark-indexes-2019.pdf) + +EDIT: This chart shows how BXMD (writing 30 Delta covered calls) has consistently outperformed the market from 1986, even during the raging bull market post 2010. + +http://www.cboe.com/lib-images/default-source/default-cboe-library/s-04-03-bxmd-line-graph.png?sfvrsn=b9a65f48_0https://i.imgur.com/c7szoDj.jpg +What are your “bread & butter” plays? Meaning what do you play consistently or do to make a few bucks in your account?? + +A couple of things I’ve looked into: + +Tqqq- this one more than likely goes up +Sqqq- the inverse of Tqqq, most likely goes down. + + +I know alot of ppl play Vxx and the volatility products but they seem difficult to gauge. +Like obviously im not tryna do CSP for premiums and instead wanna be in it for the long run. + +Therefore what steps do you take before actually going through with one? + +I know the basic like + +1. Do I like the stock +2. If I get assigned would I mind holding 100 shares? +3. Am I bullish + +etc +Hi /r/thetagang, + +I'm a fairly new trader and especially new to doing the wheel strategy. Recently, I've been running the wheel on $ATOS (mostly because it's cheap stock, good for medical student budget lol) with good success (haven't been assigned yet, have just been collecting weekly premiums). However, there was one day last week when I was going to sell a cash secured $3.5p on $ATOS, but decided not to because it was "green" that day and I had read that it was better to sell on red days. Coincidentally, the share price ended up dropping a lot, to the point that I could have been assigned if I had sold the put. + +This brings me to my general question: what do you do when you get assigned on a stock that is now trading well below the strike price you bought it for. Is the only play to just sell covered calls over and over in order to lower your cost basis? + +As a side question in case you have time, what is a way to find stocks to run the wheel strategy on? I have read books which mention criteria to look for, but am having trouble finding a good, free screener. Preferably not super expensive ones because, like I mentioned above, I'm a medical student so I don't have a lot of money laying around to invest with, but I would like to learn the basics of a few different strategies for when I have more capital in the future. +Long story short, been working for 6ish years out of Uni (28 now) in the defined benefit pensions area, was the best offer I got as I did arts (econ/psych) and didn't know what the fuck I was doing. Very dry work, never really hated it per se, but wasn't really passionate about it, but it paid decent (started 30k and now 50-55k) Slowly got more and more bored until it finally got the better of me and the boredom basically made it unbearable. + +I quit my job and travelled around for 6 months, tried my hand at equities/options trading. Didn't blow up the account, but pretty much made fuck all above minimum wage from it. Did the whole matched betting for some extra pocket money (after singup bonuses you maybe have a few months befor getting gubbed on things like the horse/2UP bonuses) while I tried to figure out what I really enjoy. + +.and the sad thing is..I don't even fucking know. I didn't mind the excitement of trading, but in reality you actually have to sit there for ages not taking anything until your 'edge' appears, its also shit hours because the most liquid market, the US, doesn't close until 9pm here. Fuck forex. I don't really like sell side equities research/not really interested in doing the CFA. I kinda wouldn't mind financial planning because I quite enjoy talking to my parents and family/friends about saving/investing (and not doing all the stupid things I've done) plus it at least has some crossover to my work experience. Things like helping people out if they want ot transfer their pension to Australia or NZ through QROPS. + +The frightening thing is outside of the literal basic as fuck things as enjoying TV/movies, some sport, and travelling, I have no idea what I'd enjoy doing for the next 32+ years. I have enough savings to probably try and work it out for another few months while I shovel money into the London rental blackhole. Maybe I should try learning a language, although at Uni I did shit at French. + +Somedays I wonder, am I somehow slowly getting depressed? But when I go out and talk to friends and do social things with the GF I feel fine. Thanks for anyone reading this ramble so far. If anyone has any tips on how to do the whole find what you love and enjoy doing' without the eat, pray love travel shit I've tried, please let me know. + +TL;DR Worked in pensions, bored as fuck, spent 6 months trying to find out what I enjoy, still no fucking idea other than vaguely talking to people and giving them advice. +Article quoting executives at a Canadian mobile messaging company aimed at kids called Kik is doing an ICO on eth and they had to delay because of crypto kitty network clogs and now want to move networks for the rest of their ICO because lack of scale on eth. + +[fud article ](http://business.financialpost.com/technology/blockchain/kik-presses-paws-on-cryptocurrency-launch-blames-blockchain-cat-craze) +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! + +How do you go from - + +"Bitcoin is exciting because it shows how cheap it can be," the self-made billionaire [told Bloomberg in 2014](https://www.bloomberg.com/news/videos/2014-10-02/bill-gates-bitcoin-is-exciting-because-its-cheap). "Bitcoin is better than currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." + +"Cryptocurrencies like bitcoin can be used to buy things without a middleman, meaning there's less need for a bank. While the traditional banking system can charge high transaction fees, bitcoin can allow global transactions to take place at a lower cost." + +[https://www.cnbc.com/2017/12/19/bill-gates-in-2014-bitcoin-is-better-than-currency.html](https://www.cnbc.com/2017/12/19/bill-gates-in-2014-bitcoin-is-better-than-currency.html) + +to + +""The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he [wrote](https://www.reddit.com/r/IAmA/comments/80ow6w/im_bill_gates_cochair_of_the_bill_melinda_gates/dux2mp7/). "Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way." + +[https://www.cnbc.com/2018/02/27/bill-gates-calls-cryptocurrency-super-risky-in-reddit-ama.html](https://www.cnbc.com/2018/02/27/bill-gates-calls-cryptocurrency-super-risky-in-reddit-ama.html) + +EXPLAIN THIS TO ME PLEASE BILLY. + +Bitcoin has matured as an asset since 2014 significantly. Are you afraid of its potential? Who made you change your mind? These opinions should be reversed in reference to the years they were made. 2014 vs 2017 how the asset was then versus now. + +Link to the actual interview in 2014 - + +[https://www.youtube.com/watch?v=v-gsWnmdtn4](https://www.youtube.com/watch?v=v-gsWnmdtn4) +For myself, life over the past few years has seemingly gone from bad to worse - and before I go into the details -this isn’t a “pity-post” or a sympathy searching exercise, this is simply a warning, and hopefully a lesson to others who are entering the crypto scene. + +My crypto journey began back in earnest at the start of that famed 2017 “bull run” – I had a little bit in savings and had done my due diligence – this really was the future, and it could potentially set me and my family up for life. + +I bought in with every bit of money I had to spare. All told, it was about £6,500, and the price of Bitcoin sat at just under £9,000. + +This was exciting. The price continued to increase and I religiously opened and closed the Coinbase website to see the price soar by the hundreds and into the thousands. Work took a backseat and I became consumed with the markets, red and green candles being the first and last things I saw in the day. + +I wanted more. I became envious of those that had bought into cryptos years before. So I looked at alternate avenues to increase my Bitcoin holdings… this was going to be the making of me! Sadly it turned out to be quite the opposite. + +**Scams, Scams everywhere…** + +The first venture I looked into was a third party bitcoin mining platform which promised exponential growth. It sounded too good to be true (spoiler: it was). I used a credit card to buy more Bitcoin. First mistake. I maxed the card and sent around £6,000 in Bitcoin to a mining company known as Crypterra. The reviews were good, the discord was active, people were seeing payouts – it was all looking legitimate. But of course it wasn’t. Payouts dried up. The devs went silent and the site disappeared and re-appeared sporadically before going offline indefinitely. It was over and I had lost most of the £6,000 from my credit card. + +**Robots are the future?** + +The price of Bitcoin was still holding strong and I’d made small gains with my original investment which was still untouched. Perhaps I could increase by Bitcoin gains elsewhere and pay off the credit card I had maxed out. + +Again, I looked into ways to bolster my Bitcoin reservesI looked into trading platforms, cryptocurrency bots in particular. How hard could it be? As long as the price of Bitcoin went up, it should balance out any losses as I learned the ropes. There were a few that caught my eye. And following what I thought was sage “youtuber” advice – I dove into the world of trading with bots – linking up a Binance account and setting up my automated systems to work their magic and trade whilst I was asleep/working/sitting on the toilet, you name it. + +As you can imagine, these bots weren’t the holy grail they were promoted to be, and I was losing Bitcoin left, right and centre. I became more and more “experimental” with the strategies… doubling my stakes, tripling my stakes to recoup what I had lost. I didn’t see it as real money (despite paying with hard earned money to fund these accounts) – it was magic internet money, just ones and zeroes – so the reality of it didn’t hit home how much I was actually losing. Shock horror, I lost it all. + +**Taking it to the bookies…** + +I had effectively been gambling my money away, and in my increasingly agitated state I sought out other communities to try and regain my money. Sports-betting communities, gambling communities, Twitter “tipsters” and Facebook groups who had all the inside knowledge. + +I was down over £12,000 from my savings and the £6,500 from the credit card combined. I decided to open another two credit cards. One to fund my betting account and the other for backup. I quickly went through the first card’s funds, but I was ‘still learning’, this was ‘Ok’ – next time I would get it right. The second card (third in total) was quickly exhausted, and I was now close to £20,000 in the hole from when I started, all within just a few months. + +**The hole grew ever darker** + +As I write this now I am actually afraid and embarrassed to share the total losses I have made over the past few years (it’s actually much worse than I could have ever imagined). I have no-one to blame but myself; the greed, stupidity and at times, pure arrogance have lead me down this path. A path which at the moment seems irreversible for me. + +To see the price of Bitcoin now makes me feel physically sick – if only I had been patient. If only I hadn’t chased my losses, if only I hadn’t played with money that wasn’t mine - I wouldn’t be in this predicament. As the debt mounts ever higher and interest rates on credit cards are crippling me, it will be an incredibly long time before I have any financial stability again. It has made me mentally unwell and I’m still figuring out the next steps which I know include professional support and removing my head from the pile of sand in which I have buried it. + +I sincerely hope that those who read this account of my situation don’t fall into the same trap. The world is once again hyped for crypto, and with it come the pitfalls and scams and false promises of financial freedom and becoming rich. Don’t try and cheat the system, don’t chase your losses and don’t use money that isn’t yours in the first place. + +**TLDR:** + +To put it succinctly, the above is a very short overview of the financial hole I have found myself due to greed, arrogance and stupidity over the past few years. Hopefully a warning to others. Don’t chase losses, don’t look for the next get rich scheme and don’t invest money that isn’t yours to start with. Basically, don’t ruin your life like me. If only I had just held. + +**EDIT:** + +A quick edit to say thank you to everyone who has taken the time to read the above and replied in the comments. I've had some very honest and insightful responses and some incredibly useful suggestions about how I can bring myself back from this dilemma. I'll be seeking professional help both for the gambling and the debt management and hopefully get myself on the right track for the sake of my own sanity and that of my family's. +Just logged into my app to check the charts like I do every 5 minutes and this just came up. + + +Currently it is in beta and not offered to all users. It is a subscription service that costs $29.99/month and will waive all trading fees on the app(still could be effected by spread) and it will protect your account against unauthorized access up to $1,000,000 worth. It also says 24/7 customer phone support too. + +I don't see myself using this since I hardly buy on the app and use cb pro for my crypto buys. Even with the 0.5% fee and spread fee I would need to be buying at least $6000 in non stablecoin crypto to make it worth the monthly subscription fee. + +The added protection is a good selling point though that makes me consider it since I mainly keep about $2000 in USDC on there to pay my bills with their coinbase card for the 4% cashback. Knowing that my card/funds are safe from unauthorized hacks is nice. I'm not one to be hacked though and haven't had any issues with my CB account in the 4-5 years I have had it and the 9~ months I have had the card +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +My parents are nearing retirement age and can barely make a single dent in their debts and bills. My dad is exhausted everyday and I can just see the weight of the debt burden weighing him down. Unfortunately we don’t qualify for government help. + +As much I’d like to move out, I live with my parents to cover a majority of their rent, but after paying for rent and several other bills, I don’t have much to provide for them without wiping out the small amount I have in my bank account. I’m frustrated that I can’t help them out more. I’m tired of seeing others flaunt their wealth and take frequent vacations while we’re scraping by. I want my parents to be able to retire and for them to have their own house without worrying about rent or paying off medical bills. + +Edit: Thanks for the words of encouragement. I can’t respond back to everyone because I’m at work, but I appreciate y’all for taking the time to comment. +To not violate /u/theymos' stated "rules", or at least make him commit incredible hypocrisy, I shall neither link to the post in question nor mention a certain alternative-client by name. But suffice to say, test code for a certain Bitcoin client was released, and the corresponding post on this sub was swiftly banhammered. + +Here is the question: A very loud group of Core devs have been shouting "hard fork is going to doom us all" for a while now, and using that as the basis to argue against any alternatives. + +That is fine. Debating is fine, attempts to convince people is fine. Without it the community won't be able to function at all. + +But what warrants censorship? What can be so dangerous, even the _idea_ of it must not spread in the bitcoin community? What is so detrimental to the community, that a call to test some code that _directly_ relates to the foundations of Bitcoin must not be known? + +Sounds familiar? Except this is way, way worse than government censorship, because Bitcoin is _supposed to be_ permissionless. + +Think about the implications if they are right: They are essentially saying that without the need for 51% attack, without the need for Sybils or DoS or physical violence, Bitcoin is vulnerable to a man on a soapbox with some code. + +Alright, what if you agree, and think an alternative is so dangerous, the unwashed masses trying it out will doom Bitcoin - and hence we need a benevolent group of wise men to enforce the one and only true client? + +Think about the implications. What drew you to Bitcoin in the first place? It's permissionless, and it's _trustless_: The only thing you're trusting is that the majority of miners and nodes aren't out there to screw you, and they have good reasons in self-interest not to screw you. + +But in this case, you're choosing, instead, to _trust some 10-20 people_, "top devs", to keep you safe. Think about it. Tomorrow a fatal bug (say, 0.0001 BTC is redirected to Satoshi/NSA/insert-conspiracy-actor-here every single block) can be discovered, and as long as the conspirators compromise /u/theymos and a very small number of top devs, you will never hear about it, and the plebs must not decide for themselves, because _those are the wisemen_. + +This is against _every_ reason why people are drawn to Bitcoin in the first place. This is the very centralized control that you fled from in the first place. + +What is the alternative, you say? + +Perhaps Bitcoin is not so vulnerable. Perhaps, (to heavily paraphrase Wladimir) if Bitcoin is vulnerable to a bunch of people coding and persuading others, it is not a worthy project after all. Perhaps people can review codes, and correct course if they think it's unworthy. Perhaps people using Bitcoin, mining and running nodes, can make their own decisions. Perhaps people choosing what they think is best for their self-interest is going to be alright, and perhaps they should be allowed to see information from all sides. _Perhaps Bitcoin is not vulnerable to the free flow of information_. + +Whatever your stance on the protocol, the code and the policies of Bitcoin, you gotta make a choice on something more fundamental: + +**Do you believe in an open and permissionless network, or do you think Bitcoin will die because someone published some code and people are allowed to know it?** + +The choice is yours. + +EDIT: A couple people have apparently started a chain-PM campaign to tell people about the state of the censored-alternate-client. I feel obliged to apologize if you got unsolicited PM as a result of this post; I know how annoying that is. If you don't know what's going on and would like a very, very brief explanation (read: a link and one line), PM /u/hellobitcoinworld or myself and we'll try our best to inform you whenever available. + +Mods, this is also food for thought: Think about what happens when well-intentioned people are censored and forced to converse in a dark corner. Just... think about it, alright? One of these days actually malicious people is going to take advantage of the confusion and distrust that you sowed, and we'll all be worse off. +We have a newborn. We have a night nurse who is fantastic. We also have a doula/general baby expert on hand. Any other tips from fatFIRE parents on making life easier? +I very recently decided to cut my mother off completely. She had made plans to move into a new apartment, assuming that I would be paying for it. A little less than a year ago I decided to move to a bigger place after my lease ended. This was right around the time my mother was moving to SF. She really liked my old place and suggested that she should just move in. + +My landlord wanted to increase the rent after my lease was up, but she agreed to keep it the same if I prepaid for a year. The plan was for my mom to pay me rent monthly. Well that never ended up happening and now my mom just assumes that I will be paying her rent. She made plans to move into a nicer place and sent me an email saying that she needed a check for $8500 to cover the move in cost. +Some things came up with week involving my sister and my mother and I've decided to completely cut her off. No rent money, and no money for anything else. She is furious of course and has really gone off the deep end. I'm worried that once she realizes that I'm not going to give in that she might try using my personal info in order to get a loan out or get money somehow. + +I have also been told that California has some sort of laws that might mean she can take me to court and force me to continue paying her rent. I was wondering if this is true and what would qualify her for this. + + + +TLDR: +Need advice on how to protect my credit/personal info from my mom. +Ended up paying for my moms rent and am wondering if she can somehow force me to keep paying it. + +Thanks in advance for the help! + +Editing to add: DISCLAIMER: DO NOT DO THIS. I have been in Bitcoin for 7 years, I 100% understand the risks involved. I am well aware of all of the fees and tax ramifications. I am in a position where I can do this and not be in financial trouble even if Bitcoin goes to zero. Never invest what you can't afford to lose. + +I requested the 401k closure on Monday. I waited 4 days to get the check, receiving it yesterday. Today, I went to deposit it. I checked the bank hours, left my house, drove to the bank in the rain, went in and asked the nice lady at the counter to deposit a check. + +After verifying ID, confirming everything, and handing over the check, they told me that since it is over $5k, they will be holding the check, and the full amount will not be available until the 13th, in 10 days. I asked them if there's any way they can speed this up by calling the 401k company to verify it... they said they could, but the bank policy is still to hold it for that amount of time. + +2 weeks to perform one transaction with *my own money*. If this was with Bitcoin, it would have been instant, and I wouldn't have had to leave my house. + +Regardless of the price action of Bitcoin, it's just *better money*. Traditional banking belongs in the past. It's slow, it's subject to the whims of the bank, and they have the control. On the 13th, that value will leave the bank and will be put on the Bitcoin network, where I own it, control it, and am free to do what I want with it. 👍 +Hi, + +I posted this yesterday in financialindependence but it got taken down by moderators with no explanation after several downvotes. + +I am a 34yo living in USA with my girlfriend. I immigrated from Europe ten years ago, and am a dual citizen US/EU. + +I worked mostly as a software engineer and software engineering manager. My current stint is at an hedge fund working in tech, making about $1M a year in W2. + +My net worth is $2.5M liquid, and I also have some stocks from a private startup in Silicon Valley I worked for, and the shares are valued at ~$2M. This equity is highly illiquid, so for all purposes I assume $0 in my spreadsheets. + +I try to be grateful for all the good things I have, but truth is my job is ruining my life. It is horrible, insanely high pressure, working 80h a week, constant interruptions evenings/weekends/holidays. I feel my life is quite literally being wasted at the office. It is not so much about the large time commitment, but more the constant feeling that, for as long as I am employed there, I am literally owned by my boss and his insane demands (which he is right to demand since I am paid so much, so it’s not a problem with him, it’s me). This is burning me out. + +I really don’t know what to do next, I am completely lost. These are a few options I am evaluating: + +1. Slap myself in my entitled face, realize how good my income is, and continue sucking it up for a few years until my liquid net worth gets into the $5M range. I see this taking a massive toll on me, emotionally and physically. + +2. Quit my job and find a less stressful one. Having worked in Silicon Valley tech companies prior to my stint in tech finance, I know better opportunities exist, albeit with lower pay. However, nothing interests me, I talk to people in my network and the thought of joining a company and being “excited” about building someone else’s mission sounds very uninspiring, it’s just what I’ve been doing my whole adult life. + +3. Quit my job as soon as COVID is under control, take a long break of six months to travel the world (I love SE Asia), and clear my mind, with no particular action plan about the future beyond that. YOLO basically. + +4. Start a one-person business: if I let my mind day dream, this is how I envision happiness, by being my own boss of a small online business, bringing value to somebody and not having to report to a boss: a straight relationship between me and customers, with me fully in control of everything. However, having been a corporate soldier my whole life, I have become so conditioned to being just a highly functioning cog in a big machine, that I have no idea what I could do. I cannot think of a single business idea. + +For context, I grew up in poverty so I tend to be rather frugal in life, my living expenses are ~$35k a year (post tax, excluding health insurance sponsored by the company), and my partner and I don’t plan on ever having kids, so this number should not drastically balloon in the future. Still, I certainly want to grow my assets to make sure I’m covered for unexpected future expenses. + +Thank you for reading and happy New Year. +Wondering if anyone has ever gone in with a few others to buy lower middle market companies. Meet an interesting team today of some younger operations people that pooled money together and now have bought and successfully managed 4 healthcare companies. + +Not really fatfire passive investment, but thought it would be best place to ask. If anyone knows where to even look for these kind of companies let me know. I’ve seen buyabiz and other similar websites, but it’s a bunch of trash deals IMO. +Maybe this is stupid maybe it will get deleted but this is a small bit of advice and was a lot of learning for me. + +TL;DR it's not about what you make it's about how much you spend. Somehow life has a way of spending all your money if you aren't careful. + +&#x200B; + +I have been working my butt off for years - climbing the ladder and I have been rewarded. I helped take a company public, went from college to earning over 300K/year in just 5 years. I bought houses, I bought cars, I got married. It was awesome. Now I am behind. Why, you ask? I am behind because I just didn't pay attention. I spent a lot of money I didn't have, and I let credit cards get ahead of me, I let debt get out of control. + +For everyone out there, as I try to recover from debt, selling off stuff, and wondering how I got into this situation, all I can think is PAY ATTENTION TO YOUR SPENDING. Don't just watch your income and think great I used to spend less than that. Somehow someway - life has a way of spending money - unless you pay attention and budget. + +It's funny it's like I didn't even notice it was an issue. CC bills just piling up - I mean I was paying them, just not the whole thing. Then all of a sudden your credit limit hits and you think, shit I've been paying my bill right? Well only sorta. + +Just a friendly PSA from someone who is recovering spendaholic +I'm cutting out Diet Pepsi. I have been drinking one-a-day most days and sometimes two. I was only buying one at a time to restrict how many I was drinking. Anyway, at the current cost at the local mini-mart I'm spending $75 every 30 days for soda. Totally insane. So I'm going to drink the $1 diet Coke at McDonald's a couple times a week. I won't actually be saving money because the 'extra' will help with the cost of gas. +With so much attention to only a few stocks we saw a small dip in the S&P500 on Wednesday. This is likely to repeat while also offering a good opportunity to buy. + +If that were to happen in next few days again, what stocks would you be looking to grab on a significant dip or a possible correction? + +My current picks would be NIO, SQ, AAPL, SE/LMND +Avis Budget stock has declined 28% in the past year, while Hertz lost about 15%. Also, Avis is valued at $2.8 billion, while Hertz at $1.54 billion. \*Enterprise, another car rental business, is a private company. +Trump has claimed Coronavirus in the U.S. will peak soon, but that is untrue. Any "peak" is unlikely before June or July. https://www.npr.org/2020/03/17/817354098/july-or-august-when-the-coronavirus-crisis-could-see-a-turning-point, Even then, it will be less of a peak than a plateau. The U.S. economy will continue to suffer terrible damage for most of 2020, and likely far into 2021. Another Great Depression is likely. Yet many investors are buying based on a wish and hope it will all go away sooner. Another bad stock market crash is coming. Take advantage of the recent false rally and sell everything. +Hey guys, + +So recently I was thinking.. + +Hedge funds want to protect themselves from a future GME incident and have obviously developed algorithms to essentially parse through WSB and see what stocks are gaining momentum. The problem is that it’s extremely easy to parse through Reddit and find what post has a lot of upvotes and capture which stock ticker is mentioned. So, I was thinking why not make it more difficult for these bots (potentially causing further headaches for these hedgies) + +Why don’t we create a program that converts text to images that can’t be parsed so easily.. kind of like a captcha system that bots can’t easily win. This will make it way more difficult to parse and we can get a time advantage. As we know timing is essential here. + +Obviously, it’s easy for hedge funds to hire actual people to search through WSB and find the next stock that gains momentum; but that takes significantly more time; there has to be a solution here too .. I just don’t know what it is. + +Whatever the case, I WONT be surprised if hedge funds are hiring people right now to write the code to go through Reddit to protect themselves. Let’s at least give them a major headache! + + +Edit: sharing ideas on a forum shouldn’t be illegal. Algos manipulating stock prices and hurting retail traders should be ILLEGAL. I want to be able to share ideas to real humans and not bots designed to fuck us over. That’s all I’m saying. + +Edit #2: Potentially we can use ReCaptcha something that’s has been out for a long time (Google has developed this over many years) before allowing access to any DD. + +Edit #3: I really like this suggestion by /u/TheLegendDevil: “One way to beat them would be a browser plugin that changes your comment before posting to make all words that are close to being a ticker actually a ticker. Easy way to one way encode messages and humans should still be able to decipher what stock they were actually talking about.” +So reddit doesn't want you to give DFV an award?? Lets see how they like it when we give him 727k awards in one day..... + +It only allows for Silver, Gold or Platinum BUT IT WORKS! + +The trick is to use the "old" reddit user interface. To do this, you would just add "old" in front of the reddit link in the address bar where "www" would be... I inserted a hyperlink below.... + +&#x200B; + +***HOW TO PROVIDE AWARDS TO THE MAN WHO IS NOT A CAT*** + +1. [CLICK HERE TO GO TO HIS PROFILE](https://old.reddit.com/user/DeepFuckingValue) (SS wont let me direct link the post since it was posted in that "other unmentionable" group. +2. Click on his latest/newest post from the "other unmentionable group." +3. CLICK ON GIVE AWARD (SEE PHOTO BELOW) +4. AWARD THE GLORIOUS NON CAT MAN HIS WELL DESERVED & EARNED AWARDS!! + +&#x200B; + +https://preview.redd.it/za2uwjg986i81.png?width=2448&format=png&auto=webp&s=e0e27b7a2b82022e68cc1ef17169989324e00ad1 + +&#x200B; + +***Here is the proof that it works! I did it multiple times...*** + +&#x200B; + +&#x200B; + +https://preview.redd.it/y42k4bda86i81.png?width=1497&format=png&auto=webp&s=47eef0a67c22fc9d816c6413a393f07c1646fddc + +&#x200B; + +&#x200B; + +https://preview.redd.it/u0el2zcpb6i81.jpg?width=400&format=pjpg&auto=webp&s=1aa34385d0c9361b5e9177d19d82f049967062ee +I’ve seen quite a few posts today asking if they should start investing. + + +This reminds me of a terrific story of Bob, the worlds worst timer of investing. + + +Story here: +https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ + + +For those that are busy, here are the lessons from Bob’s story: + + +If you are going to make investment mistakes, make sure you are biased towards optimism and not pessimism. Long-term thinking has been rewarded in the past and unless you think the world or innovation is coming to an end it should be rewarded in the future. As Winston Churchill once said, “I am an optimist. It does not seem too much use being anything else.” + + + +Losses are part of the deal when investing in stocks. How you react to those losses is one of the biggest determinants of your investment performance. + + + +Saving more, thinking long-term and allowing compound interest to work in your favor are your biggest accelerants for building wealth. These factors have nothing to do with picking stocks or a complex investment strategy. Get these big things right and any disciplined investment strategy should do the trick. +Can someone recommend a good rental property calculator that can help me analyze deals? + +I’m new to RE investing and so at this point all I’m doing in my free time is analyzing deals and simply practicing the number crunching aspect. + +I’ve found a bunch of calculators online but they’re either pay-to-use or just simply inconsistent. Meaning 2 different calculators give me different results on the same exact property. + +Any help is greatly appreciated! +I feel like most of the content over there is just about how everyone can “do it”. While some people who take the time to be rational and plan things out can make it big with real estate investing, most people there are just encouraged to take any deal they see because it’s the first step to become financially free....then they post about all of their nightmare problems and wonder where they went wrong... +Hi guys, so me and my fiancé are eager to start our lives together, so we decided to marry civil and postpone our wedding til the end of 2022. We want to get our first property and are looking into a multi family house. Our original Plan was to use my VA loan to acquire my first property and then use her FHA loan to acquire our second property. I am currently in the loan rehabilitation program my student loans and should be back in good standing by June 2021. It seems to be the only thing that is inhibiting my credit score. With everything going on she feels why wait for my credit to improve if hers is excellent. She has a +700 credit score and her income is 80000. My credit score is currently 590s and my income is 75000. Because of my credit score, we are considering having her name only on the mortgage application. Our income together would likely give us a larger loan but unfortunately my credit score could inhibit a decent loan or a loan at all until it’s repaired. My question is It possible for her to be approved for enough of a loan to even buy a multi family? Keep in mind we live in North Jersey which is it pretty expensive place to live. So far, any calculator we have use doesn’t even come close to even buying any type of property with just her information.I can’t seem to find a solid answer on mine so that’s why I’m here. Any information could help thanks guys in advance. +Bought a house for $75,000 to rent or sell. We spent about $6,000 remodeling it + some time (I'll est 20 hours). I have an offer to buy it for $115,000 or rent it for $1200 right now. + +$115,000 - 3% commission - Doc Stamps = $110,745 then we have short term gains of I'm guessing 24%. I'm guessing we'll net around $22,500. + +Or I rent. $1200 \* 12 = $14,400. Deduct $250 for HOA but it includes Lawn Maintenance. $1700 for taxes per year. The unit is built in 2005 and I just remodeled a lot so it shouldn't have much maintenance. Say $12,000 profit per year before taxes. + +I don't exactly need the $115,000 back at the moment. Don't even know where it would go except if I found another flip. + +I'm thinking at least rent for a year to see how it goes and get to the long term capital gains bracket on it. +There are a lot of things that I love about this sub. + +There's a very high level of interaction/conversation, most comments are useful, poignant & helpful and I just find the subject matter fascinating. + +Plus, to be honest, I enjoy being a "fly on the wall" so to speak when reading about people's financial theories that are so wildly different than mine. + +But there's one common theme in here that I disagree with quite strongly - and that's that every financial decision has a singular right answer, that the option that yields the highest return is the smart choice, no matter what. + +I just don't feel that life works that way. + +For example: + +- I understand the "math" of keeping a mortgage and investing more money in the stock market instead. But to me, the incredible feeling of owning your home outright is well worth a small loss in potential earnings - and if you're talking about financial freedom and a safety net, it doesn't get much safer than not having to worry about a house payment should you lose your job or choose to be temporarily unemployed. + +- There's a post up right now about the ideal tax return being $0. Sure...if you're diligent enough to invest every penny of that money year round you're right, but a lot of people simply don't have that discipline - so perhaps they truly are better off to be cut a fat check every year and THEN invest that money. + +Choose the right spouse for FI? + +Choose your career for FI? + +Life's just not that robotic. + +If the point of FI is to free - and happy - then intangible benefits of financial decisions ought to be taken into account, too. + + +They offered us 7.19% interest fixed for 2 years with 15% deposit on £330k house. For the first fixed 2 years I would pay £39k only interest and £3.5k for equity. This is crazy. Is this normal or are they ripping us off? + **A brief background**: + +· Mid-20’s married couple in full-time professional jobs in the legal industry in Melb CBD early in our careers with potential for progression + +· Combined income of $180k + +· $125k deposit saved over 1.5 years (including taking full advantage of the First Home Super Saver Scheme) + +· We have been pre-approved for a loan of up to $1m + +· We currently live with one parent in a small house, with 2 pets and paying board and equal share of utilities. + +· Don’t plan to have kids for another 4-5 years + +We are trying to be sensible and are torn between two broad options and have received conflicting advice from family and friends regarding: + +1) Stretching ourselves for a longer-term house (7+ years) in the Northern/Western suburbs of Melbourne in the 550k - 650k range, paid off through P&I loan due to the land component. Would potentially utilise a debt recycling strategy to pay down the mortgage faster; or + +2) Going for a smaller 2 bedroom townhouse (not apartment as we need at least a small backyard for the wee animals) in the 350k - 425k range, smaller mortgage and bigger balance in the offset. + +Option 2 would be an IO loan with a mind to convert it to an IP in 3-4 years for tax deductibility. Substantial savings in the offset for the deposit for the next home that’ll be purchased with kids in mind. Based on our conservative calculations, we should have most of the loan offset after around 4 years. + +**Our thoughts** + +We’ve been watching the Melbourne market in those price ranges for over 2 years and it doesn’t seem to be decreasing much, if at all in those price ranges due to a variety of factors (FHB territory, exemptions etc). Neither option would involve buying off the plan (for reasons Ausfinance readers would already know) + +We certainly do not take for granted that we were able to cut costs by living with a parent but (bless them) we are at our wits end, so continuing to live with them is not an option. We are looking to buy for stability, wanting to do our own thing around the place and have our own space; we have attempted to enter the rental market in properties close to stations for work with no luck due to no rental history and the pets. + +So we are going down the FHB route and are leaning towards options 2 based on flexibility and lower interest costs. Is there anything we are missing or is flawed in our thinking? What would you do in our situation? Cheers! +I get there was a resources/mining boom and bust which was particularly impactful on Perth and WA, but its been a decade since then, Perth is a city with a growing population (compared to somewhere like Adelaide), interest rates are record low - housing is already more than affordable with plenty of 3 bed room houses not far from the city in the 300-400k range. + +Yet from core logic the quarterly drop is much more than Sydney and Melbourne (which leveled out recently), but Perth STILL appears to be dropping. What is going on? It seems to be a pretty good city otherwise, and its not tiny either - 2 million people, much larger than Darwin/adelaide/hobart etc. + +Is it an oversupply issue? +The biggest news agency in my country, Portugal, just released the information that or Country’s Taxing Entities will not charge any fee related to profits obtained due to Cryptocurrency’s trading. + +You can find the official explanation here (it is written in Portuguese, though): + +[Publico ](http://www.publico.pt/n1799707) + +Lots of good news are still yet to come and this is just an example. +I currently have a workplace pension with Scottish Widows, it’s only a small value but id like to actively manage my funds rather than let it sit in a few select funds they offer. I’m no longer employed by the org that I created the pension with so should be no issue switching. + +Is there a provider I can swap to that would allow me to trade individual stocks or ETFs? I would rather take a slightly riskier approach with the small amount I have now. +I’m currently 100% in VWRP but want to reduce my US equities exposure by using a combination of the following Vanguard ETFs + +- S&P 500 (VUSA) +- FTSE Developed Europe (VEUR) +- FTSE Japan (VJPN) +- FTSE Developed Asia Pacific ex-Japan (VAPX) +- FTSE Emerging Markets (VFEM) + +Can anyone suggest a reasonable split/allocation to dilute the US equities sensibly? Obviously I appreciate some may disagree with this approach but just looking for sensible suggestions to address the particular query. + +Many thanks. +As the title says, what are your thoughts on this mining companies? + +I would like some exposure to lithium and nickel but I don't really want to go with the big companies, eg Albemarle. I don't think it's any surprise that their yearly chart looks pretty much identical to Tesla's yearly chart. However, £AMC and £BCN are both small AIM listed companies, and I'm not sure how I feel about this. £BCN has a enough cash to pay off their liabilities tomorrow, but they have no revenue (source: T212 balance sheet). But I think I read somewhere they may have a contract to supply Tesla? Same deal with £AMC, pretty nice balance sheet but no revenue... + +You're thoughts would be great. I'm new to fundamental analysis so sorry this couldn't be more in-depth +Hey, this is a great community. Long time lurker, but first time poster in here. + +I've been lucky enough to sell one of my online businesses and have some money to invest and was looking for some advice if possible. + +I do have an existing portfolio which I'd say is an 80:20 split with ETFs:Stocks (all within ISA wrappers) + +I was thinking of ploughing the majority of it into the ETFs over different periods and the rest into individual stocks and even looking at penny stocks now which I haven't previously considered. + +Thanks in advance and Happy New Year to all - here's wishing to a much better one! +Hi everyone, + +I have held this fund for about a year now, which was touted by people here as a huge opportunity. I'm currently down by 44%. What do you think about it now? A hold, time to sell? It's so hard to judge, but the BG health innovation fund has severely underperformed what was expected. +I'm getting interested in investing in individual shares and Trading212 seems to be everyone's favourite. Understandably because the fees and costs are zero, but how do they make any money? Do they charge for anything? +Evening all, + +It seems to me (and I could well be mistaken) that the likelihood of brexit having an economic upside is low - at least in the short term. + +I have faith in the UK long term, and my tracker investment (LS80) will continue to receive its regular contribution. + +I wonder: has anyone changed their (perhaps shorter term?) investment strategy in anticipation of these potentially dramatic circumstances? And if so, how? + +I don't feel this is a timing the market question, more a realistic appraisal of how things seem to be going. I suppose with working in the UK, owning a home here and having a UK heavy investment profile one can't help be slightly uncomfortable! + + +**TLDR: RC is going to launch a new company, offer Apes shares exclusively through a DPO via DRS, thus protecting the new company from IPO fuckery.** + +&#x200B; + +[Saw this moments after it was posted, but figured I'd sleep on it.](https://preview.redd.it/6zahq4euiq281.png?width=587&format=png&auto=webp&s=d5c401f579ad39661303f6fe5bf01600b3353e51) + +Last night I slept on the RC tweet and waited to see what the morning brought in terms of theories. One floating around was focusing on WORK as a ticker (ie. Slack) and the litigation surrounding its **Direct Listing** offer. + + My best summary of the litigation is there were registered shares and unregistered shares in the offer and one shareholder is butthurt about something in the Registration Statement. The suit is trying to tie the registered shares to the unregistered shares so the penalty for Slack is over double what it would be if the share pool was partitioned. <- not legal advice/interpretation + +In the comments of several of these posts and some top level posts have declared this as a statement to DRS shares. + +**I disagree. Please continue to get your tits jacked more than a simple "Go DRS" ra-ra statement.** + +As I began researching Direct Listing vs IPO, I quickly ran into a number of relevant topics/examples of how it works, what its purpose is and why it might be relevant to GME. + +Googling "direct listing ipo", top result: [https://www.investopedia.com/investing/difference-between-ipo-and-direct-listing/](https://www.investopedia.com/investing/difference-between-ipo-and-direct-listing/) + +This got me a new keyword "DLP" or "Direct Listing Process", often called "DPO" or "Direct Public Offering", with a link in above article available: [https://www.investopedia.com/terms/d/directpublicoffering.asp](https://www.investopedia.com/terms/d/directpublicoffering.asp) + +&#x200B; + +[Tombstone, you say?](https://preview.redd.it/6fvv1o6wbq281.png?width=657&format=png&auto=webp&s=f0ba8ae66c15acefe1a9321173ea8281d779972f) + +If RC is going to spin off another public company, perhaps this is the method he would choose to make the offering? + +It comes with a bunch of benefits over IPO: + +[Direct to public, no dilution, no lockup](https://preview.redd.it/4li5iwhzdq281.png?width=673&format=png&auto=webp&s=83b2afad4c422f528b295452c61920767de2db9f) + +* Direct to Public +* No intermediaries +* No underwriters +* No new shares issued +* No lockup period. + +The **underwriters** aspect was interesting because IPOs require an underwriter, which enables fuckery right off the bat in the form of the [Greenshoe Option](https://www.investopedia.com/terms/g/greenshoe.asp): + +[This smells like fuckery...](https://preview.redd.it/bj4yha18hq281.png?width=662&format=png&auto=webp&s=66452452b9ec3e4e58796c90a1f070c5334f94c6) + +&#x200B; + +[Yep, fuckery to manipulate the price through short positions if more shares are sold than offered.](https://preview.redd.it/2l9iradghq281.png?width=626&format=png&auto=webp&s=f539954ad4cf6c4fcfe703541525e832d8ee3303) + +&#x200B; + +[Oh look, a future contender as an example of fuckery...](https://preview.redd.it/eiewy8vqhq281.png?width=665&format=png&auto=webp&s=0d3f248d6cf57d5a87f8e99fed548b1227d078c5) + +If this new public company were to first issue private shares to existing shareholders of GME through merger/reverse merger/dividend/other methods that put them in Ape's hands, then Apes would be able to sell during this offering without a lockup period. + +Alternatively, because we are shareholders in GME, the offering could be extended exclusively to Apes (and "acquaintances, clients, suppliers, distributors, and employees of the firm" as noted in the article above), thus planting the new shares firmly in Ape's 💎🙌 with purchases directly from shareholders (RC, GME, etc). + +&#x200B; + +[That ticker looks familiar.](https://preview.redd.it/ehk4luscgq281.png?width=670&format=png&auto=webp&s=fd15fe05c0b45fb2ad6ed598bb52007a7d2ee315) + +So, a quick jaunt down the rabbit hole over my morning coffee has me jacked to the tits that whatever this new thing that's launching will likely end up being 100% owned by Gamestop interested parties and Ape's, with zero opportunity to be fucked with on offering. + +Speculation: The shares would be offered through Computershare exclusively, which we've all been well trained on at this point, shielding the new company permanently from fuckery. +So, over on another stock sub we learned today our stock has a chill notice from the DTCC on it as well as a U3 halt from finra. So, my question is: What other stocks have had this happen to them and why? Just wondering. + +For any of you keeping an eye on what is going on with us, this is the newest level of fuckery. Some of the share holders are lawyering up, one other is trying to get the FBI involved. So far we have been halted, chilled, had then CE flag...then had it removed, grey market traded after the halt, went from canceled to deleted to now not, buy and sell buttons turned off, plus more and more rumors (possible confirmations) that our holder AST is full up. + +So, aside from my question above, I just wanted you all to know this shit is foreshadowing of what you all will go through also when the time comes. If a stock you owned or traded has gotten halted, frozen, or chilled indefinitely, tell me your story of how it played out. Thanks! + +Edit: I can’t list the sub or the stock. This sub will delete the post. It ain’t GME. If you know you know. +I'm sure seeing the "I'm 28 with 1.1MM in the bank" posts make you feel pretty bad if you compare yourself. Well here's a post from the completely opposite side. + +I consider myself fairly conservative with my spending and had high hopes of FIRE when in college. I was given every advantage and opportunity thanks to the financial support of my parents and I weep for people who made the same decisions as I did without such support. + +My college tuition and graduate school tuition were completely paid for and I was only responsible for living expenses. Someone who did not have the financial assistance I did would be looking at about 200K in debt. Unfortunately, it seems the earning potential with the advanced degree has largely declined or stagnated and the cost of the grad degree (time + money) could not be justified at this time. You can expect to earn $50k post-grad in this field with the industry average around 75k. The top 1% of the field may earn 250-300k but that is obviously not common. Additionally, in order to break into the top earning bracket in this field, you must open your own business which of course comes with more cost, and risk. + +I worked in a position for 3 years earning 50k a year and saved about 12k. During my last year I got engaged and spent about 5k on a ring. I even tried to be practical and buy a lab-created diamond which may be more economical, isn't really very significant savings. I was then let go from that position. + +With 7k in savings and my 3 years knowledge about the industry, I figured there's no better time than now to start my own business. It's the only way to really break out of the mold and make significant earnings. I got a 50k bank loan and spent 25k on buying the assets of an existing business and opened up shop. + +I've been in business about 9 months now and things aren't going great. I've depleted my savings almost entirely to pay my bills at home and my business barely breaks even. I spend most of my time outside of the office marketing, networking, setting up meetings, and it all seems like a wasted effort due to having no tangible effect on my bottom line. I've never worked harder to earn less in my life. They say that the first year in business is hardest and that it will grow with time, but I don't know how much longer I can sustain before I go into debt. And this is coming from the guy who was given every opportunity and advantage. I would cry if I additionally had 200K in debt. Or maybe I would just know that is a debt I would take to the grave. + +As depressing as this post sounds I'm not depressed and I am still hopeful for the future and am continuing to work hard to make my business successful. I just want people out there to know that despite planning and thinking you are making the most prudent decisions on your pathway to financial independence, life may have other plans! +This sub was built on speculative options plays, where people would slap their nuts on the table and say “this stock is going to triple by next week or I’m going to lose $10k” and if they were right, they made a shitload of money. No one cares about the 4 shares of whatever stock you own and the price you bought it at. You sound like morons asking what 3/12 means when someone is talking about an options contract. Autism I’m okay with, we’re all a little reeeeeeeee, but stupidity is curable. You can go on investopedia and in 5 minutes learn enough information to not be a complete moron and flood this sub with garbage posts and comments. + +This isn’t a safe space. This isn’t a school. This is trial by fire and if you say or do something dumb you deserve to get roasted for it. If you want to learn go to a different sub. This sub is for austists and degenerates. +I've been fascinated with the rise of Crypto.com lately, and how aggressive they are with their marketing. Recently they announced a $700 million deal to rename Staples Arena to Crypto.com Arena. + +However, I would argue their smartest move was acquiring the domain Crypto.com in 2018. + +I couldn't find a confirmed number, but a lot of media outlets report the price of the domain being somewhere between $10-12 million. (Some going as low as $5 million) + +The company behind Crypto.com, a Swiss payments and cryptocurrency platform previously called Monaco, paid $12 million for the URL as part of a rebranding strategy, which in retrospect seems like a massive success. + +Crypto.com was previously owned by cryptologist Matt Blaze, an associate professor at the University of Pennsylvania and a well-regarded cryptography researcher”. He first registered the domain 1993. Blaze maintained for years that the domain was not for sale and has been critical of the growing number of people that use the “crypto” prefix as an abbreviation of cryptocurrency, rather than cryptography ー the science of writing or cracking codes. I have no idea how Monaco managed to convince him to part ways with the domain, but kudos to them for pulling it off. +Edit: Dont forget to save your account infos, passwords, orders, shares bought at your broker, transfer confirmations, etc. Thats your log for after MOASS if they claim you never had these shares. Prove them wrong, with dates and numbers! Print out that shit! + +Alright apes, Im sure you did as well as I am save all the juicey DD with the Save button. + +Its time to put your ape skills to the test and copy ever DD you think is relevant for later. Doesnt matter if for after market close while MOASS is happening to calm down or to document it, LOG IT ALL! + +Videos, download. Posts, copy. Create PDFs, paste. + +Im already on it. If you want to help, you can DM me, I have alot of tasks myself, or do your own thing. + +Where to start? Maybe with the flipbook archieve, available via the menu of superstonk or on mobile furthest right tab + +Edit 2: Currently busy, but got a few tipps, not sure if they help us tho: + +- Mastodon +- Manyverse +- Dispora +- GNU Social +- Usenet + +Edit 3: Has anyone experience with Aether Social Network?? + +Edit 4: Found 1 group with GME on Aether, closest, decentraliced thing I found on there compared to Reddit +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Aus finance stock being bluechips, ETF's + +Asxbets stocks being any pennies or degen plays mentioned in the daily + +[View Poll](https://www.reddit.com/poll/qcndc2) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I thought the tendies were Snaggas .... a poorly typed sangas. + +Who approved parma which is quite controversial and offensive to anyone not living in Victoria as we all call them parmies? + +I smell dissidence. +Sorry for the awful title but I've recently been thinking about getting back into LRS. + +Full disclosure, I cannot comprehend resource reports whatsoever. But from what I've read the halloysite discovery at Noonbenberry has been comparable to ADN who have a market cap of $420 million whilst LRS is only $60m albeit in a much earlier stage. + +This in conjunction with the lithium projects seems to have a bit of potential. I was just wondering what people's opinions were of where LRS is at right now. +My brother wants to buy a house this year and he said he might not have enough money for the house deposit. I'm 24, saving money myself for my future and by the end of next year if I can get a pay rise this year I should be on track to just about affording my first home. + +My thinking is that if he wants to buy a house and doesn't have enough money for a deposit should he be trying to buy a house at all? Because if I borrow him £3,000 from my own savings how can he afford to pay back the mortgage as well as the money I lend him? + +Please let me know your thoughts, as I'm not smart when it comes to finances. +[CNBC](https://www.cnbc.com/2021/11/23/biden-says-us-will-tap-strategic-petroleum-reserve-as-gas-prices-hover-around-7-hear-high.html): + +* "President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021′s rapid rise in fuel prices." + +* "The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind." + +* "In total, the U.S. will release **50 million barrels** from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale." + +* "U.S. oil **dipped 1.9%** to a session low of $75.30 per barrel following the announcement, before recovering some of those losses. The contract last traded 34 cents lower at $76.41. International benchmark Brent crude stood at $79.98 per barrel, for a gain of 34 cents." + +According to [Barron](https://www.barrons.com/articles/oil-prices-fall-on-bidens-decision-to-release-u-s-strategic-reserves-51637670056?mod=hp_LEAD_1): + +* "Shares in big oil companies were also down, with both Shell (ticker: RDSA.London) and BP ( BP.London) falling 0.8%, TotalEnergies (TTE.France) up 0.2%." + +* "Shares of U.S. major oil companies were also sliding in pre-trading hours, with Exxon Mobil (XOM) declining by 0.3%. Chevron‘s (CVX) stock price was stable." + +Is this oil reserve gambit going to slow down inflation enough to keep the growth stocks in the green? Or was yesterday's drop just the beginning? +Like many of you, I'm very focused on FI and the option to RE. + +But, the thoughtful post from /u/windyspring17 ([here](https://www.reddit.com/r/financialindependence/comments/6otxhj/now_what_fi_and_in_a_rut/)), who is already FI but feels dis-satisfied, reminded me of a famous study. + +It has gone on for 80 years and essentially tracked many variables to see what drove health and happiness. Here is the tl;dr: + +>Close relationships, more than money or fame, are what keep people happy throughout their lives.... Those ties protect people from life’s discontents, help to delay mental and physical decline, and are better predictors of long and happy lives than social class, IQ, or even genes. + +Article [here](http://news.harvard.edu/gazette/story/2017/04/over-nearly-80-years-harvard-study-has-been-showing-how-to-live-a-healthy-and-happy-life/). TED Talk about the study [here](https://youtu.be/8KkKuTCFvzI). +_______________________________________________________ + +*Edit 1:* Found an interesting chart [here](http://www.npr.org/sections/money/2010/09/07/129703291/new-study-high-incomes-don-t-bring-you-happiness). I heard this podcast before and found it interesting. The chart is not well-labelled, but the data show that the emotional/psychological benefit of money starts to flatten after $75K. But, income matters greatly for happiness before then. + +*Edit 2:* Just found on Wikipedia more results of the study and that it included a wide demographic of subjects. Regarding the former, some findings about the impact of good or bad relationships with parents. [More here](https://en.m.wikipedia.org/wiki/Grant_Study). + +*Edit 3:* As I wrote below later in the comments, my mother died young and my brother-in-law died young overnight. So, I'm all about FIRE, but not just about FIRE. Hence, my post. I try to remind myself about non-FIRE aspirations, too. + +*Edit 4:* After the post and the occasional kerfuffle in the comments, I actually bought and read the book written by one of the study's directors (link [here](https://www.amazon.com/Triumphs-Experience-Harvard-Grant-Study/dp/0674503813)). It is a bit tedious to read. But, there was enough there to give me a great deal of food for thought: + +* Yes, the study is flawed in that the cohort was homogeneous in terms of race and gender (not income though, as 40% of the students were on financial aid) +* But, wow, there's a tremendous amount of data. Examples: they visited the students' homes as much as possible to interview the parents, they regularly received medical records over decades, they interviewed the subjects' spouses and children, they called/met with the subjects periodically, etc. +* If you're a fan of statistics, they lay out which variables matter and to what extent (i.e., p-levels) when they run the regressions +* They defined "happiness" across a number of dimensions: mental health, physical health and how the the *subjects themselves* rated how their lives were going +* They regularly update the data and have done so over decades. They're now studying the subjects' children +Looking back at the December 2017 CMC: [Historical Snapshot - 03 December 2017 | CoinMarketCap](https://coinmarketcap.com/historical/20171203/) + +70% of the top 100 are no longer in the top 100 + +Over 60% are out of the top 300 + +7 have fallen out of the top 1,000 + +10 projects are no longer available + +2,000 created crypto projects failed so far (9,677 still listed on CMC) + +While the hype seems to be on the meme projects and longshots, remember that 99% of projects in existence will become useless and have no value down the road. If you want to roll the dice on a true gamble then by all means, but if you're over-investing in these projects I hope you realize how big of a risk you're taking, especially in the long run. + +These are truly exciting times, and anyone who is just now getting into crypto is still early (in comparison to the rest of the world). If you're planning on becoming a long term HODLer, then find projects that aim to solve real-world problems, and are leading the way in there respective space in the ecosystem. +Hi guys. I really need to get this off my chest before I explode. +My husband and I bought a mobile home a few years ago. I was kind of 'meh' about the place but my husband liked it and it *appeared* to be in good condition... It's not. We can afford basic repairs and the occasional large one but it seems like everything is going and as soon as we can hope to pay for something, something else pops up. +Since we've moved in we've had to replace the hot water heater, get multiple small plumbing repairs due to leaks and such, pay for a gas line repair and lots of small things. + +Here we are now, barely floating because we had some time of unemployment but we're both working again and planning on getting back on the repair bandwagon... Ac doesn't work, furnace is on its last legs, the floor is soft and warped in spots, several power outlets don't work, our tree needs trimmed and the park is getting grumpy about it and we were working on a budget for all of that and last night our 1 year old water heater sprung a leak! That's just the major stuff, there are still some minor repairs that have been put off/recently came up. This place cost less than the repairs! + +We wanted out of the expensive rental market but at this point it would have been cheaper and less stress to just stay in an apartment. With our current jobs we make about 70k a year, the most we've ever made, and I feel poorer than ever. + +I know this is a vent but if you have advice I'm open to it. Please don't berate us for buying this hunk of junk, we're doing our best. +My existing 2-year mortgage fix is expiring March 2023, and my lender allows you to re-fix 6 months in advance. Back in early September (pre-budget) I was being quoted 5-year fix rates of 3.49% by my old mortgage broker after I reached out to him. + +I've been gutted and worried to see what's happened to mortgage rates since the mini-budget the other week, and given that 5-year government debt is trading at a yield of 4.4%, I expected that my new mortgage offers would all be c. 5-5.5%. + +So I was really surprised and pleased when I logged onto my mortgage providers website today and was given the option to re-fix for 3.7% (being 1 Oct is the first day I'm eligible for a new offer). Only 0.2% higher than the pre-budget offers, despite the huge increase in implied rates that's happened since. + +I'm really relieved but just don't get why I can get a better rate than the UK government... I work in finance so understand that fixes are priced off swap rates and, because of that, just assumed it would be a lot more expensive. + +Not quite sure how to take this seeming 'gift' - can someone explain to me?! +Guten Morgen to this global band of Apes! 👋🦍 + +The US market is only open for half of the day today. +I plan to update for the 2 hours before US premarket opens. + +The FUD machine continues at full intensity, but it seems to be having zero impact on Apes. +As I've said before, I have a feeling that it is intended to impact people who may be considering investing in GME after hearing from friends or family at holiday gatherings. +Whatever the purpose, GameStop remains an incredibly strong company with a bright future, and the shareholders are rapidly locking the shares up in our own names. +As the financial world careens toward collapse, we have our shares safely invested in a great company and away from financial manipulation. +Our Diamantenhände are all we need to prevail. + +Today is Friday, November 25th, 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: **$26.71 / 25,65 €** *(volume: 1701)* +- ⬜ 115 minutes in: $26.70 / 25,64 € *(volume: 1701)* +- 🟩 110 minutes in: $26.70 / 25,64 € *(volume: 1701)* +- 🟩 105 minutes in: $26.66 / 25,60 € *(volume: 1701)* +- 🟥 100 minutes in: $26.65 / 25,60 € *(volume: 1701)* +- 🟩 95 minutes in: $26.70 / 25,64 € *(volume: 1491)* +- 🟩 90 minutes in: $26.66 / 25,60 € *(volume: 1391)* +- 🟩 85 minutes in: $26.62 / 25,56 € *(volume: 1341)* +- 🟥 80 minutes in: $26.48 / 25,43 € *(volume: 1341)* +- ⬜ 75 minutes in: $26.55 / 25,50 € *(volume: 1333)* +- 🟥 70 minutes in: $26.55 / 25,50 € *(volume: 1333)* +- 🟩 65 minutes in: $26.67 / 25,61 € *(volume: 1333)* +- 🟥 60 minutes in: $26.66 / 25,60 € *(volume: 1283)* +- 🟩 55 minutes in: $26.66 / 25,60 € *(volume: 1283)* +- ⬜ 50 minutes in: $26.65 / 25,59 € *(volume: 1255)* +- 🟩 45 minutes in: $26.65 / 25,59 € *(volume: 1255)* +- 🟥 40 minutes in: $26.65 / 25,59 € *(volume: 1255)* +- 🟥 35 minutes in: $26.65 / 25,59 € *(volume: 1255)* +- 🟥 30 minutes in: $26.65 / 25,60 € *(volume: 1230)* +- 🟩 25 minutes in: $26.66 / 25,60 € *(volume: 1230)* +- 🟩 20 minutes in: $26.65 / 25,60 € *(volume: 1220)* +- ⬜ 15 minutes in: $26.64 / 25,58 € *(volume: 1220)* +- 🟥 10 minutes in: $26.64 / 25,58 € *(volume: 1220)* +- 🟥 5 minutes in: $26.68 / 25,62 € *(volume: 1220)* +- 🟩 0 minutes in: $26.72 / 25,66 € *(volume: 89)* +- 🟩 US close price: $26.70 / 25,64 € *($26.70 / 25,64 € 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 1.0413. 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 know this is a dumb question but I just need to know how this works. I own my place in a villa complex and got assaulted again by the ice junky directly across from me as I got home from work and it’s no longer safe for me to be in my own home so I want to sell and move somewhere else because I can’t take this anymore. + +My question is, how does this work financially? I bought the place just over a year ago and owe approximately $330k on a $350k fixed rate loan with 2 years remaining. If I sold my place at market value for $450k do I have that money to spend on a new place and keep my current fixed rate loan or do I have to pay off the current loan and reapply for a new loan before I can buy again? I can’t live in this complex anymore I need to get out ASAP. I’ve got $30k in savings and I’ve probably got no equity. + +I’m a single long term casual income so I got my loan when I was working a lot more and my borrowing power was higher than it would be now. Times are tough but I can still comfortably pay my mortgage but a new application would definitely see a decrease in what I can borrow. +Disclaimer:Am not an analyst - just chasing trends! Find your source + +So COVID started becoming a thing roughly in March 2020. From then to now , people became involved and paid crazy amounts of money on : +- PETS - boomed for about 3 months then levelled up +- then they decided to started traveling to avoid public transport so they bought CARS. The hype went on for 3-5 months then levelled up. You had to order a car and wait 1-3,4 months +- then we went to BOATS because- hey, the weather is amazing let’s go fishing. This lasted 3-5 months then levelled up +- you would think that’s it , nope! How about we actually buy CARAVANS, let’s travel outback, go camping - after all borders are open! +Wait for it .... 3-5 months and now slowing down (roughly Sept 2020 - Feb 2021, and levelling up). +- now how about jobkeeper coming to an end - let’s get a stable life - we need a HOUSE! +Yeah .. here is where we are ... + +This housing craziness started in January, we are in March ( 3 months in and slowing down...). +My point! The media is now being used as a form of advertisement- people are buying and offering crazy amounts of money (this is true) but I work at a financial institution, the demand for loans has dropped significantly. This explains nothing - but it’s gonna slow down like the above) +I know what you saying - yeah but the demand is over the supply - TRUE!! + +Guess what!!! There was a shortage for PETS, CARS, BOATS, CARAVANS, and now houses ... +If you still can’t follow then I can’t help you! +Switch off your TV, and hang in there ! + +You can now buy a pet( no wait times), car yards are full , boats and caravans too. And they had all these on the news about how crazy it’s going and how it will drag on till next year ! Urmmmm - it didn’t ! + +How do I know all these? I stop believing in everything the media told me to. If you ask me, some news are paid for , means if you keep watching them, they will scare you about the craziness leaving you to panic and get into debt to get a house ! +I want to say more but let’s hear from you ! +You can rant about RBA, income, interest rates etc those are all artificial factors stimulating the market right now amongst others , I on the other hand use my eyes, brains and think for myself ! + +You welcome !! + + +PS: Also, keep it polite! This may be a disappointment to you but no need to come on with an attitude! + + +Let’s me correct this : I am basing this on Brisbane! Share your thoughts and state your state +[Here](http://www.reddit.com/r/personalfinance/comments/122jbk/does_this_student_loan401k_plan_make_sense/) is the original post. And [here is a graph](http://i.imgur.com/YXgU7jD.jpg) of the result. + +The spikes you see on the graph are from selling my "fun" stock (thanks AAPL and GILD), bonuses, tax returns, and 2 extra paychecks a year (from being paid every 2 weeks instead of twice a month). + +Once I got the ball rolling, motivation kicked in and I couldn't wait to update my spreadsheet every month. I maintained a $10,000 emergency fund throughout the whole process, but dug into that fund to pay the final $2000 with the idea of replenishing it next month. +It feels great to have that monkey off my back. + +BTW, I make low $100,000s and have 3 kids and a stay-at-home wife. +__________________ +Edit: Lots of comments below about how easy it must to pay off that much debt with a 6-figure salary. A couple of points here: We live as frugally as possible - no cable, no land-line, shop at thrift stores and Aldi, we drive a 15 year old corolla and a 10 year old minivan, rarely eat out, take vacations, etc. Sure, I was able to knock down the debt quicker than most, but the same principles of PF still apply - don't live beyond your means, budget, prioritize debt, etc. + +Also, there are questions about whether I would have been better off hanging on to that debt and investing the money instead. Just looking at interest rates vs rates of return, the answer is obvious in hind-sight. However, I really wanted to be debt-free and was willing to sacrifice a bit of future return to make it happen. The added security, plus knowing that my wife and kids wouldn't be saddled with that debt if something were to happen to me, makes the decision to pay it off aggressively worth it in my mind. Now I plan to replenish my emergency fund and contribute heavily to retirement to help make up some of the difference. The amount I was putting to the student loans is getting rolled right into retirement (and getting a bit more aggressive on the mortgage); we'll continue to live our frugal lifestyle. + +Edit 2: For anyone asking for a link to the blank spreadsheet, you can find it here: https://www.sendspace.com/file/x7x53o +Fill in the starting balance at the top of the "balance sheet" tab and update the shaded columns every time you make a payment. It will calculate the remaining balance, total paid, and percent of debt remaining. You'll want to tweak it so that the graph only displays the cells with actual data in them. + +Edit 3: Just to clarify, I still made 401K contributions up to my employer match (6%). So I was still investing the equivalent of 12% of my annual salary while aggressively paying down these student loans. I didn't walk away from any free money. +I live in a small town with just one big grocery store. Today I went to the grocery store and saw canned soup was on sale. There was only one left hiding in the back so I grabbed it quickly and paid for it before anyone else could. + +When I got home and turned on the TV, news report is saying the grocery store just went bankrupt because "low on inventory". Apparently me buying the last can of soup put them out of business. And there are security videos showing me grabbing the can of soup. Police is saying they are looking for identity of the person in the video. They are interviewing crying moms about how they want soup to feed their children but I took the last one. The store workers are talking about how they are out of a job now and it's all my fault. + +I feel really bad about the whole thing. I am going take the can back to the store and turn myself in to the police. I mean I really like the soup but I just can't do that to all those people. + +This got me thinking about this whole stock thing. I think we might be wrong about this. If us buying and holding our favorite stock is going to cause the economy to crash and all these people to suffer, maybe we should just give them back. What do you think? +This Kafkaesque nightmare unraveled in an unusual way, and I hope this is useful for someone in the future, should something similar happen to them. + +A brief summary: + +- Bought my car for ~**£6k** last year, this was from a family member and the £6k was what the garage offered them as a trade-in price. + +- Had a no-fault accident. The car was written off. + +- The insurance company couldn't find a valuation on the Glasses guide, so sent an independent valuer, who valued it at **£3k**. + +Taking advice from the comments in the thread, **what happened next:** + +- Despite hours of arguing, using basic logic, and providing countless screenshots of identical cars at £6k to £7k, they couldn't possibly care less. They disregarded everything and said we'd wasted our time. + +- We escalated this to a more senior member. They reviewed the case and agreed with the initial case handler and said the valuation was correct and *'matched their research of the value'*. + +- We escalated this to the final decision team. They agreed with both the previous case handlers. Escalated it one last time with more arguing. Nothing. They'd done a superb job and everything looked great apparently. + +- I was furious. After trying all routes possible and getting nowhere, we had one last attempt, and my other half contacted a local garage and asked if they could find our car on the Glasses guide. **They could!** The car was showing on there for ~**£6k!**. + +- We provided this screenshot to the insurance company and we had a callback almost immediately. "Sorry, we can see the car on the system now, we're not sure what happened before! We'd like to offer you the Glasses guide value, and £150 compensation (+8% interest)". + +**Final Thoughts:** + +- I'm livid. Had it been down to them, they would have failed to find the car on the UK's biggest valuation guide, and an independent valuer would have been so appalling at their job to value it so badly. Then case handler number one would agree with it, and the company's internal process would mean case handlers two and three would simply nod and be done with it (irrespective of any evidence suggesting otherwise). + +- Everything about this stinks. It's a great process if everything is correct, however to simply disregard the customer otherwise is insulting and infuriating. + +- When questioned on their supporting research that they mentioned before, they said they'd looked at autotrader and saw some at ~£3k. This could not have possibly been true. + +- I was almost £3k worse off, had it not been for us finding the correct valuation from a third party. Not everybody knows about the Glasses guide, so other people in our situation may have been forced to accept the low value. + +- I still haven't accepted the £150 compensation. I'm letting emotions and principles get the better of me. + +Hopefully this is useful for someone in the future, or at least an anecdote from somebody in a similar situation. +We all invest as much as we can while trying to be safe in this market, but the truth is, some of us have less to invest than others. +Some of us weren't born in rich families, heck even in rich countries. + +Some guy from California dropped a few thousands on a whim? +Cool for him, but that's how much I invest in 1.5 years DCAing. +Oh, some guy bought 0.5 BTC? +That's how much my apartment, my car and all my clothes are worth. + +Don't feel bad because your portfolio is worth 1/6th of a coin and some guy bragged on reddit about buying 10 coins just like that. Your 3x on a coin means exactly as much to you as his 3x to him, so no need to feel like shit about it. + +You are investing for you and your family. Make the investment that you feel is right for you in your situation. Don't get fret if you feel like your portfolio is not big enough to brag with. +Nobody is supposed to judge you on that! +OMG what the hell do I do? It's not even noon here and I'm already drunk and have spent 2 hrs playing Hearthstone and another hour screwing around on reddit. + +I've literally made no plans. + +Well, okay one plan: re-read the Malazan Book of the Fallen while sitting on the beach. + +I'm also waiting to hear back on a potential 2 mo. contract, but I expect that to fall through. So wtf do I do at 40 with 1.8 MM banked? + +EDIT: Folks have offered tons of great thoughts/suggestions, thanks for that! Others have asked for specifics. I'm not really comfortable going into detail, but for those wanting really in-depth and nitty-gritty details I'd strongly recommend the posts by /u/jasonlong1212, like this one: + +https://old.reddit.com/r/financialindependence/comments/8nncm7/has_it_been_a_whole_year_yep_or_an_early/ +For my goal of 2019 Q4, I wanted to learn more about flow charts and decided to make one for the FIRE Community. Best case would be to have this flow chart improved to a point where the moderators accepted it into the Wiki. Worst case would be that I learned how to do flow charts. + + +Over many versions, here is [Version 4.0](https://imgur.com/3esnRyb). Please read the flow chart entirely before commenting since some redditors have been commenting or PMing of missing items; sometimes it’s just buried deep. + + +Please provide *constructive criticism* where I will evaluate for the next version; if it’s needed. If you provide details on what exactly you’d like changed and provide justification, that can be sufficient to persuade me. I am not sure what would be good “sections” for each box title (rotated text on the right) and whether it was a good improvement or not; I’ll let reddit judge that. + +I previously mentioned that I would want to add appropriate references but have been swayed against it as it requires maintenance for link sustainability and could also bias to certain sites/forums. + + +**Version History**; for those interested + +[Version 1.3]( https://imgur.com/a/MXKlxKa) + +[Version 2.0]( https://i.imgur.com/pyKHXuy.jpg) + +[Version 3.0]( https://i.imgur.com/sTi1eI2.jpg) + +[Version 3.1]( https://i.imgur.com/o18MmOP.jpg) +I've noticed the question is popping up more and more, "how do we know when we're in a bear market?" or phrased another way, "is this bull run over?" + +So, I'd like to share with you some charts that people here probably are not really aware of or view that often. + +# SMA 1458 days + +The first one is the 'simple moving average' (SMA) over 4 years (1458 days). The reason it's here is because the SMA 1458 indicator has proven to be very accurate support for bitcoin price. + +https://preview.redd.it/nzwn5quqe7x61.png?width=1182&format=png&auto=webp&s=1c01f1bb467312ab7da279aebd62d377665243c9 + +You can see above, if we go by the last run we still have some yellow-orange-red to get over. Best time to buy is when it touches the SMA 1458 line. + +# Stock to flow model + +>The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock. The higher the number, the higher the price. + +You can read more about the model in the link after the chart, but one of the reasons this has been so accurate is because of Bitcoins 'halvening' feature. + +https://preview.redd.it/wgq5nyqpe7x61.png?width=1340&format=png&auto=webp&s=f66ed0be357f76531a588645bc5add1972eb3a54 + +Again, if you're a little slow, like me, just look at the colours (after yellow is bad, blue is good buy time) + +# Miner capitulation + +This chart shows the last cycles side-by-side along with indicators for when there was halvening and then the blocks since difficulty bottom. + +I like it because it gives you the runs next to each other to get a better idea (or better guess) 'where we are' + +https://preview.redd.it/1v9hcvxoe7x61.png?width=1338&format=png&auto=webp&s=52ec1184211d94447abe3363f3eb50352e2fb43a + +# Beam indicator + +This last one is for the degenerates here who like to short/long. This chart is a nice way to look at 'when' to buy (or long/short if you like that sort of thing) + +https://preview.redd.it/ry01gq1oe7x61.png?width=1314&format=png&auto=webp&s=f1f4a4f3b4b66805508f3d82136d31fa5e858966 + +# Rainbow Chart + +Thanks /u/Yusaliano for pointing out this one - how could I have missed it! It's a little similar to the Stock2Flow in a way, but in another way, it has more colours, so that's always going to be more better: + +https://preview.redd.it/bwiv479mx8x61.png?width=1221&format=png&auto=webp&s=02f9d27c8a81b7f3ac4ddbddd160c109d18d96fb + +\--- + +There are a lot more indicators and charts, but these are the main ones I check in on every now and then to try and get an idea of 'where' we're at in the current run. + +Source of charts is [digitalik.net](https://digitalik.net/btc) and of course, **this is NOT financial advice.** + +These are just some different charts to look at to get a better idea of where we are since halvening, where we are compared to where we were last cycles, etc. + +If you've got any others you like to use please share them with the rest of us, hope these help! +So some people are theorizing if you can hide shorts by ETF's. + +There is a lot of people mentioning this at the moment and I just want to have a discussing around it, and if it could be a viable thesis. + +The idea is that the hedge funds that shorted GME could have shorted ETF's that contain GME while simultaneous cover GME. They could do this by buying long positions in all the stocks within the ETF's except GME so that they can stay net short GME. This way they could hide the shorts by a middle man. + + +Please don't mention any ticker under 1b market cap and stay on topic. + +I enjoy eating crayons and pee pee in my wife's boyfriends poo poo. +https://www.businessinsider.com/bill-gates-strong-argument-economic-slowdown-inflation-ukraine-pandemic-recession-2022-5 + +When it comes to the fate of the global economy, Bill Gates is siding with the bears. + +In an interview with CNN Sunday, Gates was asked how he sees the war in Ukraine affecting the global economy over the next few years. + +He said: "It comes on top of the pandemic where government debt levels were already very, very high, and there were already supply chain problems. It's likely to accelerate the inflationary problems that rich world economies have and force an increase in interest rates that eventually will result in an economic slowdown." + +He added: "I'm afraid the bears on this one have a pretty strong argument that concerns me a lot." +Hi everyone, I have been in the market for 5 years now and I am an active trader, recently I had to move out of my place and been living alone for a year now. At the time when I was with my family everything was great, my psychology, my health but recently I am having this anxieties every now and then. It's all good in the working days when I am busy with the trades but during weekends I end up having so much anxiety that one time just to calm myself I drank all weekend to sleep. Last few days are really hitting me hard. Is there anyone who have been in my place? I want this things to end, when I am not trading I am all over the place, I even tried to trade crypto market as it is 7 days a week but I found out that's not my plate. I really need help from this community to help me calm my nerves. +I'm in my 50's and I've been testing the waters by buying 260 shares of $BBBY over the past week at an average of around $10 per. I've been debating all weekend whether or not to go all in with my IRA on Monday morning. If us WSB regards are right, I'll be able to retire early. + +But if we're wrong, I'll be an 85-year-old with a blue vest saying "Welcome to Walmart" 600 times a day. I'm in FOMO vs FUD limbo. What to do? + +UPDATE: In between all the shitposts in this thread, there were some nuggets of good advice. I increased my long position to 20% of my portfolio, which is enough make me REALLY happy if it moons, but not have to spend my twilight years parking motorized carts if it tanks. Thanks all. +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?? +The browser extension "GasNow" available for Chrome/Brave allows you to easily keep track of ETH gas price and set up alerts. It has been downloaded by 10 000+ users, ranking it the second most dowloaded gas tracker extension. + +While usefull, a few days ago the extension was updated : + +This extension now asks you to be able to **have access and modify what's in your clipboard**. + +This is a **MAJOR security flaw**. Basically if you copy a wallet address to transfer funds, this extension can now identify this address and switch it with another one when you paste it, which will result (if you don't check what you are pasting) in **your funds being sent to another address, and thus, stolen.** + +# If you are currently using this extension, uninstall it ASAP !!! + +If you are not using it, but another similar one, check the permissions you granted because there is a lot of other extensions using this technique... + + +**Edit** : This permission has been deleted. +Have a look at u/Snarkie3 comment that shares a statement from GasNow team about this matter https://www.reddit.com/r/CryptoCurrency/comments/nv25pc/-/h10wdyd +My friend, who is a Korean looking to stay in the states (San Francisco) for about 6 months due to her employment, had contacted a supposed homestay host through a homestayfinder.com advertisement. They exchanged contact through email and she eventually paid roughly $1700 USD to a Bank of America account and roughly another $450 for "move in fee" and "rental insurance" only to have all contact cut off yesterday. + +I know these situations are basically "sucks for you, learn from it and try not to get swindled again" but I was wondering if there was anything she could possibly do to try to get some, if not all, of her money back. If we were in the states, we could probably report it to the police or something, but as we are currently overseas, not much can be done... + +She is arriving in San Francisco in 1-2 days though. + +If additional information is needed please inform me and I will try to get it right away. + +Any help would be greatly appreciated. Thank you in advance. +What % of annual income do you spend on luxury items? I’m running at approx 2% on cars (leases), 2% on wine/whiskey, 2% on jewelry and watches, and another 1% on luxury goods/fashion. Probably a bit aggressive aside from the cars but curious as to what everyone else indulges on. +We always hear of doctors, bankers, lawyers, and engineers FatFiring. This is a long shot, but are there any PhD holders that would be willing to share their story? +Those that are in the process or have FatFIRE’d, what is your advice to spending/enjoying money along the path to FatFIRE? + +For the last decade, my wife and I have been super savers - and have built up 75% of our FatFIRE goals. I can’t help but feel every “luxury” purchase would be taking away from the end goal; but then I also acknowledge the danger in chasing a pot of gold at the end of the rainbow and not enjoying the process. Milestone purchases and enjoying some meaningful spend (to the individual) I have seen motivate some people to push harder. I struggle with feeling good with spending because I have not yet hit my “number” ; At the same time, it’d certainly be nice to spend on some fun purchases here and there. +As Joe Rogan says, what’s the point of having F you money, if you don’t say F you once in a while? + +Anyone else deal with this spending guilt and have found a good balance or advice around save vs enjoy? + +(Not looking for permission to spend; I’m wondering if some of you have encountered this dilemma as you move through the different stages towards FatFIRE) +#They will let it rise. +$500? +$800? +$1000? + +And as their last resource. They will make it drop RIGHT THERE and start with the media saying, that was it. That was the squeeze. + +*The shills will spread FUD* + +*The shills will post gains that are tempting to the eye. Making you want to do the same.* + +*They will sooth your smooth brain with false words and false DD.* + +*They might go as far as clossing all subreddits to cut communication and cause panic.* + +An animal that is cornered and about to die will fight with everything they got. + +#I need you to know. That this is higher than $10k, $50k, $100k... + +They need the shares. At whatever price I decide to sell, they have to buy it. +All the numbers, all the DD, everything, points to those prices. Truth is, their is enough money for everybody willing to hold and sell at $500k. Looking at you DTCC... + +How much would you buy a bottle of water for, if you're in the middle of the desert dehydrating? + +Everybody probably knows already. But for those that maybe don't or need a little reassurance: + +#Shorts have to cover eventually. They do not expire and mean while, they are bleeding $$$ trying to kick the can down the road with different methods trying to make you sell. + +Do not be fooled. Do not try to fool them by Day-trading thinking you can make money. Every share they buy at low prices ($200) is a share that you could've sold at ($10k) and a share less they have to cover. Meaning that the momentum upwards just got shorter because you thought it would be nice buying low and selling high over and over again. + + Also don't set and wait for a certain date. Nobody knows when. + +*This is not financial advice* + +Memorize all this in your head. Right it down if you have to. + +#PATIENCE +💎🙌🏻🚀 +[Per MIT Sloan](https://www.prnewswire.com/news-releases/new-mit-sloan-study-discovers-widespread-and-repeated-retroactive-changes-to-esg-scores-301576360.html): The study "highlights the incentive of the data provider (Refinitiv) to introduce a positive relationship between ESG scores & returns in the data to demonstrate that their ESG scores are useful" + +&#x200B; + +> CAMBRIDGE, Mass., June 28, 2022 /PRNewswire/ -- The explosion in environmental, social, and corporate governance (ESG) investing has led to strong reliance on ESG ratings providers—and questions about the reliability of those ratings. This is not surprising given that trillions of dollars are at stake in ESG investing. A research paper by MIT Sloan School of Management research associate [Florian Berg](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=2894518048&u=https%3A%2F%2Fmitsloan.mit.edu%2Fstaff%2Fdirectory%2Fflorian-berg%3Fmsclkid%3D34479c19ab7911eca4f7c145c0f60973&a=Florian+Berg) and Kornelia Fabisik and Zacharias Sautner of the Frankfurt School of Finance and Management, validates these concerns, as they discovered "widespread and repeated" changes to the historical ESG scores by a leading vendor of this data. +> +>Berg says, "The incredible growth of sustainable finance has created a billion-dollar market for ESG data. Yet, we found that the data is not reliable or consistent. The changes made in ESG scores at any particular time in history are massive." +> +>He explains that the data for any specific point in time should remain the same for a firm unless there is a documented reason for a retroactive change. However, their study revealed significant unannounced and unexplained changes to the data provided by [Refinitive ESG](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=2880314828&u=https%3A%2F%2Fwww.refinitiv.com%2Fen%2Ffinancial-data%2Fcompany-data%2Fesg-data&a=Refinitive+ESG), which was previously owned by Thomson Reuters. For example, looking at two versions of the same Refinitive ESG data for identical firm years – one from September 2018 and the other from September 2020 – the median overall scores in the rewritten data were 18% lower than in the initial data. +> +>"The score rewriting leads to large changes in what are deemed to be high- or low-ESG firms. This is important because the classification of firms is widely used in ESG research and the investment industry," says Berg, cofounder and research associate of the [MIT Sloan Sustainability Initiative's Aggregate Confusion Project](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=3574784543&u=https%3A%2F%2Fmitsloan.mit.edu%2Fsustainability-initiative%2Faggregate-confusion-project%3Fmsclkid%3D344913b5ab7911ec8f630780683a8302&a=MIT+Sloan+Sustainability+Initiative%27s+Aggregate+Confusion+Project). +> +>In their paper, the researchers highlight how firms that performed better in a given year experienced upgrades in their E and S scores for that year through the data rewriting. Using predictive regressions, they showed that investing in firms with higher ESG scores in the initial data would not have led to economically or statistically significant performance gains. Yet, in the rewritten data, they found economically large, statistically significant positive effects of the E&S score on the firm's future stock returns. +> +>"These large differences matter because this performance would not have been possible with the data available to investors when forming their investment strategies," says Berg. +> +>He notes that the data rewriting occurs on an ongoing basis without any public announcements. To show this, the researchers compared ESG scores from February 9 and March 23, 2021 – just six weeks apart – and found that 85% of firms' scores changed. While the score changes were mostly small in magnitude, the ongoing retroactive changes affected the classification of firms and the link between ESG scores and returns. +> +>Berg says, "Our study highlights the incentive of the data provider to introduce a positive relationship between ESG scores and returns in the data to demonstrate that their ESG scores are useful for data users developing ESG-related investing strategies. Investors should always beware and conduct due diligence, but this is particularly critical with ESG ratings." + + +My dad is looking to retire in the next 10 years and I have suggested he open a S&S ISA with vanguard and invest in some index funds so that he can have a nice amount of money when he retires. + +He can max out the ISA every year for 20k and I was thinking he invests in the S&P 500 tracker and maybe a global tracker also, at this rate he would have around 390k by 2030 with an average return of 10%. + +He does currently have a pension worth around 60k, should we transfer that to vanguard or keep it in the pension, I'm not sure if you can choose your investments within the pension. + +Is this the best option for him or is it too risky for only 10 years, is there any other funds/bonds I should look at or even a different investment platform or even open a SIPP for him? +Currently Tilray and Aphria are being mispriced by the market assuming a deal goes through. I see the deal as very likely to happen. The conversion rate for Aphria shares into Tilray shares is 0.8381 which means for every Aphria share you own you get .8381 shares of Tilray. Right now, Tilray is trading around $63 per share. This means that theoretically Aphria should be worth around $52 at the close of the deal. Currently Aphria is trading at a 50% discount. Is the market assuming the deal won’t go through. Is Tilray only going up because of a short squeeze. Seems like a good opportunity for a pair trade at this crazy discount. + +Edit: It's clear that a lot of people are very new at trading/investing and don't know what a pair trade is. Do yourself a favor and look it up on google if you don't understand it. +Sorry turned out longer than expected. Thanks to those that read but title is a tldr. + +Last year, like many here has been a unique year. It was the most financially successful year of my life by far. We were already on a solid path to I think a good fat fire. Early 30s with high income (300-500k) and successful investments that entered 2020 well off with various assets and in the neighborhood of approaching 1m NW. + +The year was wild. We solidly crossed the 1M liquid net worth number soon after the crash, then hit 2M in the same year and this year expect to make over 8 figures. Taxes are rough but imagine we’ll be at something like 10m NW within a year. That’s a crazy run. From dreaming of entering the 1M club to expecting to be in the 10M club in 12 months. + +I’ve been super into this subreddit and appreciate all the posts about people making it and not knowing how to feel or asking what to do. I grew up pretty poor so have built my own relationship with money. I know we’re incredibly lucky but the money in no way has brought me peace like some others have said. I haven’t seen others describe it the way I’ve experienced it. + +It feels like every other pivotal moment in my life, it’s opportunity and a new puzzle. My mind is wired toward optimization and conquering opportunity. Money is of course freedom, but it was never my goal - impact and growth was. So now I see this windfall as opportunity and it’s the biggest opportunity I’ve ever had to tackle, so my mind is in overdrive. What do I do with my time and money now that the inputs to that question are different than they’ve ever been? + +I’m pursuing growing a reputation as an investor, getting chosen for board seats, and finding nonprofit impact... all while continuing to do well in my day job that got me here. I toy with retiring constantly even though I have no real need. I love my job, my hours are reasonable, and I make good money. Others talk about being burned out from work then FatFIREing. I’m not burned out from work (ok maybe a little), but definitely am overwhelmed from the opportunity and magnitude of living this new reality. + +Not sure if others started sleeping like a baby when they hit financial independence. But I can’t imagine what that’s like. I’m exhausted to be honest. How do you not constantly think about a newly minted $5m tax bill and constantly think how to reduce it... then acknowledge you should pay your fair share or that there’s no way around it (I have an excellent CPA). How do you not know you are FI and dream of crazy travel adventures or a dream house that is now within your cash budget but feels ostentatious? How do you constantly question what is enough because it’s not as simple as retiring when your entire being is wired for impact and growth. + +I’m not specifically asking what the right move to make with the money or time is. Those questions are asked constantly. I’m asking how others have experienced this mentally and if I’m alone? Money hasn’t brought me peace because it’s not the way I’m wired. I’m thrilled and happy but the money seems like every promotion or opportunity I’ve ever gotten, it kicks my mind into overdrive to succeed and take it to the next level. Not about making more money, but about influence, societal impact, fun adventures, and lifestyle that is all now just another optimization problem. + +Thanks for reading if you did. The other tough thing about this is how few ppl I can talk to about this (where similarly I’m wired to talk through every problem and solve it collaboratively). We’re not showy with our success but while others probably can guess, it’s not a topic I’d discuss openly with friends so coming to anonymous internet strangers :). Welcome the discussion! +Alibaba missed revenue and earnings expectations for the September quarter, as slowing economic growth in China and the country’s crackdown on its technology companies weighed on results. + + +Here’s how Alibaba did in its fiscal second-quarter, versus Refinitiv consensus estimates: + + +Revenue: 200.69 billion yuan ($31.4 billion) vs. 204.93 billion yuan estimated, a 29% year-on-year rise. +EPS: 11.20 yuan vs. 12.36 yuan estimated, a 38% year-on-year decline. + + +Alibaba has been a victim of China’s crackdown on its domestic technology industry which has seen a slew of new regulation brought in from antitrust to data protection. + + +While China’s tech giants have grown largely unencumbered over the past few years, Beijing has looked to clean up some of the behaviors of its corporates. Alibaba was fined $2.8 billion in April as part of an anti-monopoly probe. + + +Meanwhile, China’s economy slowed down in the third quarter of the year. + + +Expectations were low coming into the fiscal second-quarter earnings report as a result, with analysts expecting it to be one of the most challenging quarters ever for the Chinese e-commerce giant. + + +The company is coming off the back of Singles Day, a huge shopping event in China where e-commerce platforms push heavy discounts and rack up billions of dollars of sales. + + +Alibaba raked in gross merchandise volume during the 11-day period totaling 540.3 billion yuan ($84.54 billion). Any revenue Alibaba gets from this event will not be reflected in the September quarter. + +Link: [https://www.cnbc.com/2021/11/18/alibaba-earnings-fiscal-q2-revenue-misses-earnings-plunge.html](https://www.cnbc.com/2021/11/18/alibaba-earnings-fiscal-q2-revenue-misses-earnings-plunge.html) +I've taught college-level investments classes, and I think a lot of you people would benefit from some of what we talk about in there. + +It's important for you to understand what exactly risk is, in the finance sense. Watch this [video](https://www.youtube.com/watch?v=O13cjtMSiq4) and think about how you would react in this scenario. The expected value (average value of all possible outcomes) of the case is $500,000.50. I have a feeling that if you sold that case on the market you'd find a market price below that; the difference between the expected value and the market price (assuming a fully liquid market) is the *risk premium* + +A central concept of finance and investments is this: the more risk you take, the more return you get. The safest thing you can do is convert your holdings to cash and stick it in your wallet, but you would get zero return (and lose purchasing power due to inflation over time). Technically, sticking money in a savings account is riskier, though interest rates on savings deposits is essentially zero these days and deposit insurance removes most of that risk. Any market play that gets you massive returns is putting a bunch of capital at risk (think about that WSB guy who put $700,000 into GME options; imagine what happens to the guy if the price doesn’t move). The reason the most common investment advice is to fire everything into low-cost index funds is because it’s low risk and low cost (active management of mutual funds rarely justifies the extra cost, but that’s a different discussion entirely). If you’re undertaking extra risk, you theoretically should be getting extra return to justify that risk. Think about a lottery ticket. If the jackpot is high enough, the expected value (the averaged return you get from all possible outcomes) of a lottery ticket is higher than the price you pay for it. However, given the limited set of outcomes that a lottery ticket gives you and the likelihood of the worst case scenario (you lose your entire investment), the risk is too high for most people to seriously invest in (and if you do “seriously” invest in the Powerball, you’re probably not having a good time). + + +Another important consideration is liquidity. If you're selling a Stradivarius violin, you're going to have to spend a lot of time searching for a buyer who will pay full price OR you’ll have to sell it for less than it’s worth. In the market, this tends to be reflected in the bid/ask spread. We like to think about the market as a monolith, but in reality it’s just an aggregation of all the investors out there. That means liquidity isn’t a problem when it comes to most stocks on the NYSE and NASDAQ (eg. At the time of this writing the bid/ask spread on AAPL was $.01 for a price of $136.79), but when you head to OTC territory you might start seeing bid/ask spreads that can be up to 10% of the price for some of those real “no man’s land” stocks. That means that the price you pay (the ask price) and the price you can sell at (the bid price) can be wildly different. That also means that any “at current market price” order you send (especially in pre-market) may be filled at a price different than the price you think it’s going to be filled at. + + +A third concept to think about is market efficiency. The central idea of market efficiency is that the price reflects all available information (different forms of efficiency consider private/public/historical info). A truly efficient market will react instantaneously and accurately to any new information that is created/released, eg. A firm releases earnings and beats expectations, therefore the price jumps up. + + +If market efficiency is a product of investors discovering information and acting on it, that means your best opportunities are in places that are less visible to the aggregate investing public. That’s where r/pennystocks comes in. Do a search on most of the tickers listed here, and you’ll see a bunch of summary stock profiles and not much else. Do a search for any S&P 500 company and you’ll find an incredible amount of news, branding, and other information. If you’re looking for “good” penny stocks to buy up, you’re looking for an information advantage over the “average” investor. However, there is the hazard (that’s been around long before the internet) of bad or fake information. + + +Remember that the market is an aggregate of all the investors out there, and those investors are subject to psychological biases, differences in personal attitude, and individual risk tolerance. That’s why you see some interesting reactions to events: remember when TSLA stock dropped because Elon Musk was smoking marijuana? There’s nothing about the CEO smoking marijuana that should change the fundamental value of the company, but investors collectively seemed to think this was a negative for the long term prospects of TSLA. + + +A few common investor biases: + + +• Losses are treated as more impactful than a gain. Think about if you buy into a stock and it immediately drops $.10. Compare this to how you react if you buy in and it immediately jumps $.10; the average investor is going to react more strongly to the former. + + +• We all *hate* having made a “loser” trade. The effect is usually that investors hold on too long to a poorly performing stock in hopes that it will rebound. + + +• Investors tend to anchor their perception of a stock’s performance based on their entry price. A $.10 drop in price hits worse if it takes you below your purchase price + + +• Playing with “house money” (ie. your gains) is treated differently than your initial principal. In practice, this means that an investor that has done well recently is more risk-tolerant (and not always in a good way) + + +• Investors are susceptible to "herding" behavior, where they follow what someone else is doing not because they know what that someone else is doing is good, but because they think that someone else knows something they don't. + + +Stock prices are subject to the principles of supply and demand, ie. increased demand will raise the price, and people looking to sell more than buy will lower the price. This is especially important when it comes to momentum (the principle that an increasing stock price will continue to increase and a falling price will continue to fall). This is why you see overreactions to news items and a subsequent reversal; a news item creates a buying/selling frenzy that pushes the price until cooler heads walk in and say “maybe this price is wrong”. This is where swing traders try to profit: among other things, they look for stocks that have a drop that is unjustified in material info or in the degree of drop, buy up at “downward momentum” prices and sell after the reversal. Day traders also try to benefit by buying stocks with positive momentum and selling the second that momentum reverses. + + +So what does this mean for us at r/pennystocks? A few considerations that are unique for penny stocks: + +1) I already mentioned it, but liquidity is a big consideration: Bid/ask spreads may be larger than normal and many brokers either don’t let you trade below $.01 or make you pay a fee to do so. This also means that options covering penny stocks are either sparse or nonexistent. + + +2) Information coverage: information can be hard to find, and sifting through good and bad info can be a chore + + +3) Low market participation: The smaller number of traders means that it takes fewer people to influence the price in a material way. This is what makes penny stocks susceptible to pump and dump schemes: A bad actor just needs to convince a (relatively) small number to buy in to a stock to bump up the price, then the dump can crater the price leaving a bunch of bag holders in their wake. + +This also means that the price is subject to more psychological bias on the part of investors. + + +4) There are a **lot** of biotech firms in penny-stock land. The fortunes of these companies rest entirely on the outcomes of drug trials and/or acquisition by larger firms, which means you can see massive swings in price. + + +[This scene]( https://www.youtube.com/watch?v=nJzo5TDfamk) from The Wolf of Wall Street should be required viewing for anyone wanting to jump headfirst into penny stocks. The modernization of trading means that commissions are drastically reduced, but the lessons here still apply. +I’m not saying “don’t invest” because there are some mighty gains to be had if you do it right. I’m saying **“be cautious”** and certainly *don’t trade on emotion*. Understand that what we’re doing here is speculation, and that many stocks with penny prices are trading at penny prices for a reason. Increased volatility in the penny stocks market is going to make you feel a lot of things, but it’s important to compartmentalize this emotion and trade logically. The moment you start treating it, consciously or unconsciously, like a casino, you’ll get casino-like returns (spoiler alert, the house always wins in the end) + + +A few closing thoughts: + + +• Like another recently popular post here said, don’t be afraid to walk away for a few days to cool off. + + +• FOMO is the gains killer; there will always be a New Moon in terms of penny stocks. + + +• Pay attention to the sector you’re buying in and understand how that might influence the volatility of the stock’s price. Be especially wary of anyone trying to sell you on a “sure thing” biotech firm. + + +• MLFB to the moon! (Just kidding, don't rely on me to tell you what to buy) (EDIT: By Request 🚀🚀🚀) + + +And finally + + +• Do your own research! There are some legitimate DD threads on here, but you should do your own research and make sure they’re legit. Some threads here sound a lot like Jordan Belfort in the video above. + +Further reading: + + +[Wikipedia’s very long list of cognitive biases]( https://en.wikipedia.org/wiki/List_of_cognitive_biases) + + +[Efficient markets hypothesis]( https://en.wikipedia.org/wiki/Efficient-market_hypothesis) + + +[Behavioral finance]( https://en.wikipedia.org/wiki/Behavioral_economics#Behavioral_finance) +My wife and I are looking to change towns, and as such, we aren't familiar with the prices in the area. We've booked 4 viewings for this weekend and it feels like some homeowners are opportunistically trying to exploit people from out of town. + +I know it's vague, but regardless of property location, style, etc, would the below values ever be possible? I know people on this sub always say, "Pay what you think it's worth", but I wouldn't use that decision making process when judging the valuation of a car, etc. + +&#x200B; + +|Last Sold At|Todays Asking|% Increase| +|:-|:-|:-| +|285k (Aug 2016)|525k|84%| +|260k (June 2004)|535-545k|140%| +|250k (Aug 2009)|425k|70%| +|234k (June 2018)|400k|78%| + +The last property has completely repainted and laid new carpets/bathroom, so can potentially see the newly created value having an impact. Especially if it was in a bad way before the work. + +I looked at data from the ONS to get average house price increases to approximate their "Fair Value" (I know this is extremely rough). The ballpark valuation I got to for all of them was \~350k. + +*TL;DR: Is it really possible for the above properties to go up this much in value, in these time spans?* +Hi all, + +Trying to figure this out but I can't work it out and need some help please :) + +My take home pay without any overtime is net £2,471.62. I have deductions of a plan 2 student loan of £109, pension of 169.38, tax of 418.60 and NI of 323.40. + +In December's pay, I did 1 hr overtime at a rate of 38.69. After deductions, I ended up with net pay of £2,462.67. £8.95 less than if I hadn't done any overtime. I paid an extra £4 student loan and an extra £39 tax! I did pay 36p less NI though :L I obviously expected increased deductions but I wasn't expecting to end up with less money! + +I've uploaded extracts of my wage slips here: https://imgur.com/a/xg0ARcJ + +Anybody able to tell me why I ended up with less money? + +Thanks! + +Edits with extra info: + +* Tax code is same for both pay slips: 1288L due to WFH allowance. +I've made friends with people who say they would like to be the sole bread winner, and similarly I've spoken to cab drivers who say the same thing. In all of these cases, none of the individuals had children. + +I've also seen a lot of posts on this subreddit, where one partner is earning significantly below the minimum wage while the other is on a typical wage. + +Sometimes these posts on this subreddit follow with something similar to: "and after months trying to be the sole breadwinner, we realise it just isn't working". I imagine this usually (prior to children being involved) is associated with years of lost income that could have made (e.g.) family planning or financial stability more solid. + +I understand that when kids enter the picture, one partner might be much better with caring for children than the other. However, many many people make this decision to aspire to be the sole bread winner long before they have children, or even a partner. + +For those: 1. Without children, 2. Who earn more than their partner and 3. Want like to keep it that way - what are the reasons for wanting to keep it that way? + +Also, does anyone else have views on this from how it's affected friends or families? + +I ask this, as several recent posts on this subreddit where households financial stability has been put at risk from this pursuit of the single, or almost single income household (pre-children), have piqued my curiosity. + +I'm also asking as I've learned the motivations of my friends who have this sole bread winner ambition, but I'm eager to learn other motivations. +I have spent more time reading and picking stocks than I would like to disclose. Around 2 months ago, I had a portfolio around 10K - its all slowly bled down to 7000. I hear a lot of individual investors echoing similar losses over the past few weeks. Yet the market is booming - new records being set almost daily. Where is all this money going?? Where is wealth being created? And why?? +Technically I am earning below average. So how can I have a financially successful life on this salary? + +I have no debt, I currently have 15k invest in ETF shares, and have about 20k in savings. + +I don’t know what I want to do with my life work wise, I’m in a bit of a career rut. I don’t see myself earning more than 70k for a while. + +So what steps can I take to be financially smart and increase my savings and long term gains? + +Thanks! +I've only had two finance classes thus far, but will be doing my "concentration" in it. I would love to do some reading about finance in a broad and general way so that I can prepare for upcoming internship interviews. + +Does anyone know of any good websites I could use to educate myself? Thanks so much! + + +Edit: + +This week has been a little overwhelming (besides everything with the car) so I apologize for not responding quickly to everyone. This kind of exploded and I’m definitely reading through everything, and I’m incredibly grateful for all the advice, perspectives, and well-wishes. Thank you thank you thank you. + +For those asking for more information on the car or the loan, here’s some more details from the credit union and the mechanic I took it to + +https://imgur.com/a/8PutoYq + +https://imgur.com/a/9A9hxtT + + + +Original Post: + +Hi folks, + +I’ve just learned that our vehicle needs so much in repairs that the mechanic is saying it’s probably not worth it - probably a whole engine replacement. This is pretty devastating for us as it’s our only vehicle, we’re a family of 4 (2 small kids), and we still have about $5000 left to pay it off. + +We were just looking at getting a second car so we weren’t having to coordinate who gets the vehicle each day, but now that’s all thrown out the window. I don’t even know where to start - do I just drive it until it breaks while looking for a new vehicle? And then I’m just stuck with the car payment after that? Is there a chance that insurance would cover anything? + +For reference, It’s a 2015 Chevy Cruze that we financed through a credit union in 2019. It’s our first time not paying cash for a vehicle (which we thought would be smart because the used vehicles we were purchasing before were old and needed constant repairs). It was a 9,000 dollar car with a 2000 dollar down payment and we’re down to 5,000 left. We’ve already paid for something like 2000 dollars in repairs since owning it. + +Quick summary of our financial situation: We have about 5000 dollars in savings right now (total, emergency fund and everything) and I make 55k a year. This job is new for us, I recently graduated college and my wife is quitting her job now that I am working full time. She’s just taking the last couple of maternity leave checks before she puts in her 2 weeks notice, she is staying home with our toddler and new baby. Rent+utilities is 1500 a month for us, if that’s relevant or helpful at all. + +I just feel completely overwhelmed, any and all advice is appreciated. I know some unwise financial decisions have probably been made, I’m just looking to make the best of this and learn from it. +I was thinking about how it all started for me, back in February. I bought my first two shares the 2nd of February at circa $90 when the price was still going down. I stupidly set a stop loss at 50, for no reason other than curiosity of this "tool" since it's my first time buying stocks. +When I noticed that the stop loss activated I was sad, because the price rose again and I could only afford one share, but I thought "Well, maybe I'll still be able to get some nice stuff like a new phone or just put some money aside". Then I started to really dive into the DD. + +I think myself as a sceptical persons, I believe in science, the scientific method and research, and it became quickly apparent that not only the squeeze was still on, but it could be like nothing the world had ever seen. + +But fast enough we realized that it was not just about the money. We realized that this is the best chance we have of a better world, a world free of corruption, hunger, inequality, and whatever problem that we can put ourselves to face. Because now we have a chance for power, and this time is a power for good, not greed. + + And now we are here. Waiting. Watching. Researching. Buying. Holding. Knowing that every share we get is not only an insane amount of money, but the power to leave the world a better place than we found it, if not for us, for our children. + +There is this quote that I like a lot: + +Strong men create good times +Good times create weak men +Weak men create hard times +Hard times create strong men. + +We are in the hard times, and we have the responsibility of being the strong men. + +Love you all apes. +Is there one you’d recommend as a way to learn, or would you just give the one you currently use to save the time and effort it took trying other strategies? +# Your wallet does not hold any coins + +If you are active in crypto-related subreddits you'll soon notice a (understandable) misconception: + +New users tend to think that their coins are stored in their wallet. Therefore, they ask questions like: "what happens to my coins if I delete my wallet? How can I move my voins to my new PC etc. + +I find it necessary to stress the follwing fact: + +**Your wallet does not hold any coins. Your coins are not stored in your wallet** + +**Your wallet does not hold any coins. Your coins are not stored in your wallet** + +**Your wallet does not hold any coins. Your coins are not stored in your wallet** + +&#x200B; + +# But where are my coins? + +Coins are "stored" in the blockchain. The blockchain is a really long list of every transaction between (coin) adresses. Since all transactions are known, and adresses are public, the amount of coins at a given adress is known, too. + +Think of a coin adress as a letterbox made of (indestructable) glass: everybody can see how much is inside, everybody can stuff coins into it, but **only the person(s) with the private key can take something out.** + +# But what does a wallet do? + +The most important feature of a wallet is to (securely) hold the (private) keys to the corresponding adresses on the blockchain. Therefore it allows you to access (sent/spent) your coins. **Think of it like a big keychain.** + +To generate keys and adresses your wallet uses a **seed phrase of 12 (or 24) english words**. Entering the same seed phrase always generates the same keys/adresses. Setting up a new wallet starts with a random seed phrase. + +# Questions? + +* How do I move my coins between devices/different wallet software? -> *You just enter your current seed phrase into the new software/ the same software on another device.* +* So do I lose my coins if I delete my wallet? -> *No, since they are still in the blockchain. Without a wallet you are not able to do anything with your coins, though* \[edit 3\]: The advice does not apply to: +* non-deterministic (or non-HD) wallets +* multiwallets +* imported keys (thanks u/vsync) + +&#x200B; + +* This means I can have the same wallet on different devices (i.e. pc/tablet/phone)? -> *Yes. Be aware, that you have to keep all those devices secure.* +* So if lose my seed phrase, my coins are gone? -> *Your wallet will show you your seed phrase, so you are good as long as it is still installed. If you neither have your wallet or your seed phrase - then yes, nobody can access them anymore.* +* Does that mean that anybody who knows my seed phrase can move my coins? -> *Yes!!* + +# TLDR? [edit] + +* coins are stored at adresses on the blockchain, not in a wallet +* a wallet gives you access to your blockchain adresses +* the whole access thing is "compressed" in a 12 (or 24) words seed phrase + +Therefore: + +* protect your seed phrase! +* don't lose your seed phrase!! +* everybody who asks for your seed phrase is a scammer!!! + +\[edit2\] + +on behalf of u/vsync the following addendums: + +* "Best advice is **read your platform's documentation** and try test restores (again, good advice for any backup)." +* "If your wallet software offers to let you back up private keys, consider doing so. Backups in general are a great idea too." + +\* + +&#x200B; + +And thanks for all the awards :) +The gaming industry is gonna explode! + +https://venturebeat.com/games/bain-predicts-gaming-will-grow-50-to-300-billion-in-5-years/ + +If the revenue for In game purchase is 20% of that (I believe it to be much higher, and anyone with that number please chime in!), and if those purchasing are buying NFT’s and need a place to buy and sell those NFT’s? I know a marketplace that is gonna launch. If that marketplace is a reflection of what GameStop has been to us gamers for most of our lives? I’m so fuckin bullish! +As /u/rensole said in his [daily news briefing](https://old.reddit.com/r/Superstonk/comments/mwrt08/synopsis_for_04232021_what_we_need_to_know_before/), the total float is significantly less than we thought it was. + +It means that DFV is now the 1%. + +It also means that it is extremely likely that retail owns more shares than are available for the shorts to buy. + +Bears are fuk, QED. + + +## Key Points: + +* The Russell 2000 is a leading indicator to the U.S. stock market. +* The small cap index is finding resistance at its 200-day moving average. +* The S&P 500 is also facing a resistance level at 2,820. +* After an impressive run, stocks are likely experiencing healthy volatility. + + Read the blog with the charts here: [https://www.brtechnicals.com/fr-the-russell-2000-tests-its-200-day-moving-average/](https://www.brtechnicals.com/fr-the-russell-2000-tests-its-200-day-moving-average/) + +## The Russell 2000 as a Leading Indicator + +When the S&P 500 began its 20% decline in October, the Russell 2000 had already begun its decline in September. It was my belief that the small cap index was leading the market down, which can be read here: “[Small Cap Stocks and Interest Rates Lead Stocks Lower.](https://www.brtechnicals.com/small-cap-stocks-and-interest-rates-lead-stocks-lower/)” Today, the index is testing its 200-day moving average. + + + +The Russell 2000 is an important index to watch in U.S. stocks. The small cap index helps investors more accurately gauge the strength of the U.S. economy. Unlike large cap stocks, these stocks have less exposure to global markets. Their balance sheets rely heavily on the  U.S. economy. Thus, the index is seen as a leading indicator over the rest of the market. + +## The Charts + +### Russell 2000 + + The index is finding resistance at its 200-day moving average, and had an RSI in overbought territory. The high RSI tells us the index was likely to struggle passing the moving average at this time, but it doesn’t mean it won’t in the future. + +### S&P 500 + +The S&P 500 is facing a resistance as well, at 2,820. The index fell from this level twice during the wild end to 2018. Plus, both the MFI and MACD indicators show weakening bullish momentum. + +## What to Watch + +The stock market has been on a tear this year, and we have seen very little in downside volatility. Most indicators are going to look overbought on the charts. This is the reality of a market that has grown nearly 20% since Christmas Eve. The stock market cannot keep this same pace of growth forever, it is unsustainable. + + + +The S&P 500 and other large cap indices still show strong bullish characteristics in breadth and sector rotation (read: “[Stock Market Breadth Continues to Improve](https://www.brtechnicals.com/stock-market-breadth-continues-to-improve-2/)“). We still see more than 90% of stocks above their 50-day moving average, and the cyclical sectors are still leading the market. As long as these two breadth indicators are still positive, this is likely just a bout of volatility facing indices at resistance levels throughout the market (read: “[Industry ETFs Start to Find Resistance](https://www.brtechnicals.com/fr-industry-etfs-start-to-find-resistance/)“). + +The key levels to watch on the Russell 2000 is 1,600 (resistance) to the upside and 1,460 (support) to the downside. Watch 2,820 (resistance) to the upside of the S&P 500 and 2,575 (support) to the downside.  + +It is likely that both indices will cross above their resistance at the same time, but it could be a bearish signal if only one does. However, both indices would need to fall more than 7% to reach their downside supports.  + +&#x200B; + +See the charts here: [https://www.brtechnicals.com/fr-the-russell-2000-tests-its-200-day-moving-average/](https://www.brtechnicals.com/fr-the-russell-2000-tests-its-200-day-moving-average/) +I know some of this sub has gotten bored, and you have probably been waiting on a pile of dozens of drafts of memes waiting for any kind of pump, but this is quite literally almost nothing. as of posting it has only changed a bit over 1k in 24hrs, which is quite a lot considering the trend these past few weeks, but just look at the 3 month chart, this is normal. Too feel even worse, just look at the 1yr chart, even if it pumps another 2k, it won't be that significant on this timescale. + +[The \\"Big\\" pump. Can you see it? Sorry mobile users.](https://preview.redd.it/w8lh4r2e86w91.png?width=1366&format=png&auto=webp&s=3a976c1893fa93889aa71fb77303f297abc94662) + +&#x200B; + +Just look back pretty recently during late June through July when we had many much larger pumps as well as crashes. Or January-March when we had massive pumps and massive crashes. Sure it's a nice change, but this isn't as big as you make it seem. Control your hopium. +Disclaimer: I do not currently hold ANY GameStop stock and haven’t for over a year. + +Ok so by now you may know GME is considering a stock split in the form of a *dividend*. We need to take a closer look at why the dividend matters. + +In the case of a normal stock split, all shares and positions are split. Even split, no change in value. Essentially everybody gets a smaller slice of the pie but all their slices have the same value—this includes short positions. + +Now in the case of a share dividend, let’s say +Person A - owns 10 shares of GME +Person B - shorts 10 shares of GME +Person C - counter-party that buys the 10 shorted shares from Person B + +Person A and Person C technically own the same 10 shares simultaneously. In the case of a dividend split, Person C’s shares will be split and they now own 30. However, Person A’s split shares already went to Person C. So it is *Person B’s responsibility to BUY enough shares to make Person A whole again*. Essentially, this dividend will force shorts hands to cover their position prior to the ex-div date. Very smart by move by RC. + +The dividend goes up for a vote by the board on 6/9 lol. + +Special dividend have caused short squeezes in the past, see examples as $OSTK or $BGFV. If you believe that short interest in GME is still high, this could be an interesting play. + +I have no plans to buy GME, but I will be watching closely in the coming months. +[https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html](https://slate.com/business/2022/06/wife-stay-at-home-work-financial-advice.html) + +Six months or so ago I wrote into Slate's Pay Dirt column. They never notified me that my question was posted, so I only noticed it when I stumbled across it a month or so ago. + +>**Dear Pay Dirt,** +> +>How can I convince my spouse that we can and should retire early? I’ve been married for 20 years, and from day one my wife and I shared a natural frugality. We didn’t even have a reason for some of the frugal (and cheap) things we did, such as setting the thermostat uncomfortably low or declining to go out with friends because of the cost. Over time, we’ve managed to loosen the purse strings and live a much more comfortable life, but our incomes grew even faster than our spending. We’re sitting on a $3 million pile at this point, not even counting home equity or the six-figure 529 college savings accounts we have for our kids. At some point, I discovered the concept of early retirement and later the financial independence, retire early (FIRE) movement. Based on even an extra safe 3.33 percent “safe withdrawal rate,” we can support our current lifestyle indefinitely. +> +>But it turns out that while my spouse and I were on the same page when it came to saving money, when it comes to no longer earning it, we’re at loggerheads. I can’t see why we should keep working for money we no longer need. She can’t see why I would want to stop working when we don’t have a specific plan for what we’ll do with our time. I feel like I can’t even come up with a plan when all my time is more than allocated between work, trying to keep up with chores, raising kids, and a million other obligations. I’ve been working on convincing her to +> +>ADVERTISEMENT + +1. Go part-time herself2. Enthusiastically agree that I can go part-time, even though it’s nearly impossible to do in my industry3. Take three, maybe six months off + +>She’s explicitly disagreed with anything approaching a year, never mind permanent. To add one more complication, I love spreadsheets, but any numbers make her eyes glaze over. Do you have any advice on how I can get through to my spouse? Or otherwise improve my situation? +> +>—Fe FIRE FOMO Fun +> +>**Dear FOMO Fun,** +> +>Your wife needs to understand that you may not have the same feelings toward work and leisure and that you both need to be satisfied with how you choose to live your lives. She may enjoy working, and the idea of having lots of free time might create some anxiety for her. But she needs to understand that you want free time and are not as attached to work. +> +>It may help to see a financial planner together so that you can make sure you’re on the same page about the financial implications of retiring early. Even if your wife hates numbers, she can probably focus on a third-party expert who will explain to her what early retirement means in terms of what you’ll be able to afford to do. They can help ease any anxiety she has about potential financial insecurity. You can also use the opportunity to, at the very least, set a goal for retirement by a certain point. +> +>You also don’t have to retire at the same time, and if you hate it, there’s nothing to stop you from going back to work. Around 1.5 million retirees unretired last year and [reentered the labor market](https://www.washingtonpost.com/business/2022/05/05/retirement-jobs-work-inflation-medicare/). It may help to argue for a “trial” retirement—like taking an extended period of time off—with the intention of revisiting the issue a few months in. +> +>Regardless, your wife shouldn’t try to force you to work when you don’t need to, and you shouldn’t force her to stop working if she doesn’t want to. +> +>Now is the time to have a conversation about what you both think retirement actually looks like for you, and what you want to do with it. That doesn’t mean you have to come up with a formal plan, but you should both have a sense of what your lives will look like once you are retired. The process of discussing this will help your wife envision the opportunities for you to enjoy retirement together more concretely, and it won’t seem to her like a vast abyss of having nothing to do. + +I had also asked this question here on FI, with what I considered mixed results, but different from the answer in the column and definitely different from the commenters on the column. + +To try to summarize some of the comment threads: (most of the comments are about other letters in the article and not mine.) + +* Arguing about whether $3 million is or isn't a lot of money. The majority opinion was that it is not. +* A whole bunch of people channeling Suze Orman's "I hate it I hate it I hate it" rant. "You'll regret retiring early when you or a loved one gets Alzheimer's and moves into a memory care unit that costs $25k/month!" +* One person said I should divorce my spouse and go live in a van down by the river. +* A few commenters basically accusing me of being controlling for trying to convince my spouse of something? +* "You're too old to be taking financial "advice" from Reddit" +* Very few commenters connected my letter to another letter in the column about someone at retirement age with $7 million who couldn't bring themselves to retire. Nobody explicitly drew the connection between "couldn't bring self to retire in 40s with $3m" and "couldn't bring self to retire in 60s with $7m." There are admittedly differences between the two situations, but I'd argue it's pretty much a straight (or hopefully upwardly curved) line of net worth over time between those two points. +Am I missing anything with this scenario? If I can save enough into my 401k until I am 55 to have a value of $1.5M, and it continues to grow throughout retirement at 2.4%, I can safely withdraw $70,000 per year until death (figuring 85) and have a small balance left over ($31k). Are my assumptions here wrong at all? + +Edit: Thanks a lot everyone for all the input. You've given me a lot of great feedback about things I'm not considering but need to, and asked some questions that are helping me think through my plans in greater detail. +Ok, so many of you probably saw that we set a new record low on volume traded today. And I wanted to point out a few reasons why this is so fucking bullish I’m loosing my shit right now. + +1. DTCC issued the splividend as a traditional split (everyone knows this) if they issued it as a traditional split this means that there are 4x shares floating around as before the split. Volume should not only be 4x the previous volume but it should have added an extreme amount of liquidity to the market. + +2. Hundreds of millions if not billions of shares are floating around the market. And only 3 million are traded?!? Do you realizes how illiquid this stock is?? Everyone that has skin in this game and isn’t long GME is quietly loosing their shit. + +MSM will slowly be proven wrong about this whole saga and GME investors will laugh at their downfall. + +Everyone short GME, FUCK YOU. PAY ME. +Speculation concerning corporate raider Carl Icahn purchasing a stake in **GameStop** (NYSE:[**GME**](https://investorplace.com/stock-quotes/gme-stock-quote/)) abounds after activist investor and GameStop Chairman Ryan Cohen posted a picture of the pair on **Twitter** (NYSE:[**TWTR**](https://investorplace.com/stock-quotes/twtr-stock-quote/)). GME stock is up 3.5% so far today in the wake of Cohen’s post. + +pic.twitter.com/n2xaaV2Lej + +— Ryan Cohen (@ryancohen) October 18, 2022 + +Cohen rose to the spotlight after selling **Chewy** (NYSE:[**CHWY**](https://investorplace.com/stock-quotes/chwy-stock-quote/)) to **PetSmart** for $3.55 billion in 2017. He entered into meme stock territory in August 2020 after purchasing 5.8 million shares of GME stock, equivalent to 9% of shares outstanding. + +In January 2021, he was appointed Chairman of the video game retailer. As of March 22, he owns a total of 36.4 million shares of GameStop through his investment firm, **RC Ventures**, making him the largest shareholder. + +Meanwhile, Icahn has been in the public scope for much longer. He founded his first fund, Icahn & Co., in 1968 and later founded Icahn Partners in 2004. Throughout his career, he has taken significant stakes in companies like **Netflix** (NASDAQ:[**NFLX**](https://investorplace.com/stock-quotes/nflx-stock-quote/)), Blockbuster and **Lyft** (NASDAQ:[**LYFT**](https://investorplace.com/stock-quotes/lyft-stock-quote/)), which led to his reputation as the corporate raider. + +Icahn stopped managing money for outside investors in 2011 and runs a private hedge fund. However, investors can invest in his company, **Icahn Enterprises** (NASDAQ:[**IEP**](https://investorplace.com/stock-quotes/iep-stock-quote/)), which has an annual dividend yield of 15%. + +## GME Stock: Picture of Ryan Cohen and Carl Icahn Stirs Speculation + +Speculation is just speculation until it is confirmed, and neither party has issued word on Icahn taking a stake in GME stock. However, retail participants have taken it upon themselves to imagine the possibilities that could arise. One **Reddit** user posted three scenarios that could potentially occur: + +* Icahn takes a stake in GME. +* Cohen and Icahn will spin off **Bed Bath & Beyond’s** (NASDAQ:[**BBBY**](https://investorplace.com/stock-quotes/bbby-stock-quote/)) Buybuy Baby brand. In August, Cohen sold off his entire BBBY stake of about 9.4% million shares, representing an 11.8% stake. +* Cohen will merge GameStop with Baby with Icahn subsequently taking a substantial stake. + +Icahn has dealt with retail businesses in the past and boasts a net worth of $18.3 billion, which sits at number 36 on the *Forbes* 400 list. As of the second quarter, his 13F portfolio had a value of $20.86 billion. His own company, Icahn Enterprises, accounts for 64.06% of his portfolio. + +Only time will tell if Icahn actually takes a stake in GME stock, so investors will want to keep an eye out for the latest updates. + +[https://www.msn.com/en-us/money/companies/is-carl-icahn-about-to-buy-gamestop-gme-stock/ar-AA136mQp](https://www.msn.com/en-us/money/companies/is-carl-icahn-about-to-buy-gamestop-gme-stock/ar-AA136mQp) +To reduce the multitude of posts on this topic, this megathread will take their place and include existing information and any further updates. + +####Summary + +On April 4th, suprnova mining pool operator ocminer [posted this thread](https://bitcointalk.org/index.php?topic=3256693.0) notifying the crypto community and verge team that the attack had happened and how it worked. + +> There's currently a >51% attack going on on XVG which exploits a bug in retargeting in the XVG code. +> +> Usually to successfully mine XVG blocks, every "next" block must be of a different algo.. so for example scrypt,then x17, then lyra etc. +> +> Due to several bugs in the XVG code, you can exploit this feature by mining blocks with a spoofed timestamp. When you submit a mined block (as a malicious miner or pool) you simply set a false timestamp to this block one hour ago and XVG will then "think" the last block mined on that algo was one hour ago.. Your next block, the subsequent block will then have the correct time.. And since it's already an hour ago (at least that is what the network thinks) it will allow this block to be added to the main chain as well. + +This attack given the malicious miner almost 99% of the effective hashrate, giving them the ability to perform a 51% attack and rapidly collect block rewards from thousands of blocks. In response, some exchanges have disabled deposits and some pools have disabled Verge support as they cannot currently compete. + +The Verge development team has said they will not rollback the chain, and has [pushed an attempted fix that has been controversial](https://bitcointalk.org/index.php?topic=3256693.msg33949269#msg33949269) about whether it will work and what unintended consequences it may have. ([source](https://cointelegraph.com/news/cryptocurrency-verge-responds-to-hacking-claims-by-launching-accidental-hard-fork)) + +Update: [Verge's latest twitter post on the matter](https://twitter.com/vergecurrency/status/982059778729037826) + +--- + + +###Prior popular /r/cryptocurrency posts + +* (Initial post): [Network Attack on XVG / VERGE. Hacker mined a block every second for the past 13 hours](https://www.reddit.com/r/CryptoCurrency/comments/89q8gu/network_attack_on_xvg_verge_hacker_mined_a_block/) + +* [XVG Still Being Exploited After "Fix" By Dev (Check Block Times)](https://www.reddit.com/r/CryptoCurrency/comments/89t4yc/xvg_still_being_exploited_after_fix_by_dev_check/) + +* [What any XVG investor must see - ocminer about the recent attack, developer incompetence and hostility towards the one who reported the flaw](https://www.reddit.com/r/CryptoCurrency/comments/8a0uii/what_any_xvg_investor_must_see_ocminer_about_the/) + +* [Wow... XVG can go from "undisputed coin of the year" and "most trusted" (likely shilled posts, of course) to hacked apart inside of the same week. Gotta love the cryptocurrency roller coaster.](https://www.reddit.com/r/CryptoCurrency/comments/8a1f1w/wow_xvg_can_go_from_undisputed_coin_of_the_year/) + +* [Verge Is Forced to Fork After Suffering a 51% Attack](https://www.reddit.com/r/CryptoCurrency/comments/89xlxh/verge_is_forced_to_fork_after_suffering_a_51/) + +* [Turns out the Verge fiasco is worse than thought. Devs now having to issue new wallets having accidentally hardforked their own currency trying to fix the attack. Popcorn, salt and GODL overflowing](https://www.reddit.com/r/CryptoCurrency/comments/89xs30/turns_out_the_verge_fiasco_is_worse_than_thought/) + +* [Verge holders burying their head in the sand... what has crypto become; seriously?](https://www.reddit.com/r/CryptoCurrency/comments/89zphd/verge_holders_burying_their_head_in_the_sand_what/) + +###Other resources + +* https://themerkle.com/price-of-verge-holds-above-0-50-despite-major-attack/ + +* https://news.bitcoin.com/verge-is-forced-to-fork-after-suffering-a-51-attack/ + +* https://cointelegraph.com/news/cryptocurrency-verge-responds-to-hacking-claims-by-launching-accidental-hard-fork +I was reading the post about someone who was getting flabbergasted that everyone in their life they considered intelligent would reject the thesis. Wouldn't even consider it. I couldn't help but think, "First time?" + +It made me realize that none of this would have been possible without reddit. There is infinite money on the other side. Money whose sole purpose is to make you feel crazy. To mix in as much conspiracy with DD as possible. Subtle and not so subtle to better hide the subtle. I think back to how vulnerable I was to this for several months. Far too long. I would have all the DD, and all the knowledge and yet I would STILL doubt. I didn't want to be a crazy conspiracy theorist. The problem is no one thinks they are. So I wondered if I was one of those. That maybe these intelligent people could see it and it was too late for me. + +Reddit helped me to realize I'm not alone. The amount of DD, good and bad, learning the ability to differentiate between the two. Seeing everyone else struggle with the same things I was. It was all part of the journey. A journey I didn't take alone. It took far too long, but I've reached a place of zen. I'm sure most apes who have been here since the early days have reached this point. To the new apes, buckle up lol. You'll get here eventually. + +But we're not first. Not by a longshot. The Blockchain community have been here. Since 2008, they recognized the need to reform the financial system. They have speculators, equivalent of day traders for them. People who are there to get rich quick. But there is an underlying ferocity in that community. They've been working on this since 2008 to reform society’s plumbing, the financial system. They are the ones that created the new system we all want to move to, that we need to move to. This is where I'll be focusing my efforts for the rest of my life. I now know what the fight looks like. Solana (Blockchain's popcorn), the Bitcoin Cash FUD campaign that killed the future of Bitcoin. There is a battle for the future of the blockchain. The future of the metaverse. + +I'll be diamond handing these shares and researching blockchain projects and trying to contribute in anyway. To help us move to a system that will allow us to tackle the problems of our era. Climate change, health care, quality of life, eventually space travel. Once we get rid of these cancerous, resource sucking leeches that we call Wall Street. + +All this is a long convoluted way of saying the price doesn't matter. Reddit posts don't matter. FUD doesn't matter. I'm not in it for the long hall, I'm in it for longer. This is the fight. This is the pivot point for the future of our society. A fight made for gamers. They're so fucked. +I’m in a public group chat that’s centered around Bitcoin and a person that’s new to the space asked a question and the responses he/she received were extremely sarcastic and belittling. Want mass adoption? Be more understanding and open.... not everyone has 3 years of experience with Bitcoin. +I’m a firm believer in writing down goals and communicating them to people to hold yourself accountable. Maybe you are too, what are your financial goals for 2018? + +Mine: Net worth of 100k by EOY +I've seen so many thank-you threads, but never thought I'd get the opportunity to write my own. + +This time last year, I began paying down $6,000 of credit card debt I'd accumulated in my college years. Add that to $45,000 in student loans and a $13,000 car loan ...... I felt like I was drowning. + +I supplemented my salaried job with another 20 hours of remote work as a contractor, and started putting $500+ a month into my credit card. I stopped using it. Things have stalled out when the remote work dried up, but tomorrow I'm selling my car. Due to fantastic negotiation on my part (yes, a pat on the back for me!), I paid much less (EDIT: I paid less than what the dealership wanted, I'm so sorry for the confusion!) when I bought it new, and will be getting about $4,000 above what I owe now .... effectively enough to pay off the remaining balance on my credit card and then put away fro ma true emergency fund. + +While this doesn't leave me *entirely* debt free, I can deal with my student loan payments just fine. I am **SO** excited to be able to finally say that! And a giant thank you to all of you, it certainly paid to lurk and absorb all of your advice! + +Cheers, /r/personalfinance! +My original post: +After many attempts to make electrum reconnect. It connected but showed only half my actual xvg balance. I was able to verify the full balance on the verge explorer but for some reason in the electrum wallet half that amount is missing. Has anyone had a similar issue and solved it? Thanks for your help. +So it was removed twice with no explanation as to why. Like id understand if they are annoyed with all the bugs in their codebase and all the posts about their poor wallets not doing their job. But once you start ignoring your people you don't deserve their following. Can anyone help with my situation? + +Update: I tried sweeping the private key onto coinomi. First i started with a smaller address that has about 20 transactions, and it worked like a charm. But then i swept the private key of my main address with about 1100 transactions (mining) and it's not going through. For now i will keep it trying to load till morning and see if it works out. + Hi folks, Tendie Baron here. + +&#x200B; + +We need to talk about what is happening with GameStop's borrow rate. In this post I talk about the historical borrow rates on GME, possible explanations for what is causing the borrow rate run-ups, and finally what this means for us GameStop investors. Let's dive in: + +&#x200B; + +# Historical GME borrow rates + +https://preview.redd.it/55yjocpj6l891.png?width=1917&format=png&auto=webp&s=a6e3f96282ad136ba5914b4f79a511557ad7af0b + +We've seen several borrow rate increases in 2020, which are possibly related to Cohen buy-ins. In January 2021, GameStop's borrow rate peaked at 88%. Since then we've seen 4 runups: + +1. Feb'21: 1% -> 13%, but did NOT sustain increased rates +2. Jan'22: 0.5% -> 3% +3. March'22: 1.75% -> 27.43% +4. May'22: 5% -> 108.20% + +&#x200B; + +If we look closely, we see that the rate of increase has also increased: + +* Jan: a **\~3x** increase! (from 0.5% -> consolidated at \~1.5%) +* March: a **\~2.85x** increase! (from 1.75% -> consolidated at 5%) +* May: a **\~6.4x** increase! (from 5% -> consolidated at \~32%) + +&#x200B; + +Since December'21 / Jan'22 we've seen a gradual increase on the GME borrow rate. With the run-ups, **it looks like the borrow rate is increasing exponentially overtime.** + +It's starting to look like GME borrow rates are currently consolidating in the 30-35% range for the May-June'22 cycle. I consider this incredibly bullish, as it sets the stage for a run up to new heights... more on that later. + +&#x200B; + +# What is causing these borrow rate increases on GME ? + +Here are three possible explanations: + +**Explanation 1: Continuous buying & holding of GameStop shares is drying up liquidity.** + +I do believe B&H is exacerbating the problem of borrowable shares availability, but I don't believe it is the (main) reason for the run ups. **Retail buys gradually, not in bursts.** There's more to it. + +&#x200B; + +**Explanation 2: Short Hedge funds have doubled down on their bets and used more resources to short** **GME** **down.** + +While I do think it's related, I also believe that borrowing shares from retail would be a 'last resort measure'. It would be a sign of exhaustion of other means, if true + +https://preview.redd.it/lgsk6mhq7l891.png?width=1543&format=png&auto=webp&s=90187b58c95ce49e3aebf80d9537efe1a24f5088 + +**Explanation 3: Borrow rate run-ups have to do with ETF share availability & obligations to ETF's.** + +I think this is the most likely reason why we're seeing these intents run-ups. E.g. XRT going OFF the threshold list on 6/2, which happens to be the peak of the May-June run... (note: at the time of writing, XRT is back on the threshold) + +&#x200B; + +# What do the borrow rate increases mean for us? + +I believe there are catalysts which are causing run-ups in borrow rate every 2 months, this might be related to ETF share availability & obligations which have to be fulfilled to the ETFs. The demand looks to be cyclical, therefor predictable: + +* The borrow rate run-ups have been on ODD months, AFTER monthly option expiries. +* In the March'22 and May'22 run ups, the borrow rate increases were paired with a significant increase in GME stock price. + +&#x200B; + +# What we may see in the upcoming cycle: + +1. I expect the upcoming borrow rate increase cycle to happen near the end of July, after the monthly option expiry date (7/15). +2. We might see a borrow rate increase above the ATH (200%+). +3. The borrow rate increase might be paired with a run-up in GME + +&#x200B; + +I'll be monitoring GameStop, GameStop news and its borrow rates closely. Can't wait for the fireworks... + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.* +Headline GDP growth of 3.2% signals no economic slowdown, but final sales signal otherwise. Final sales exclude the effect of net exports and private inventories. As you can see from the chart below, final sales to domestic purchasers’ growth fell to 1.52%. This was a huge divergence from real GDP growth. It was the lowest growth rate in 6 years, meaning this report supports the thesis that there is an economic slowdown. Growth was about 0.8% below this expansion’s average. Real GDP growth was about 0.9% above average. + +[Everything Wrong With Q1 2019 GDP Report](https://upfina.com/everything-wrong-with-q1-2019-gdp-report/) + +[Final sales growth ](https://i.imgur.com/At4fyfF.jpg) +Last year I took Reddits advice on contributing to a Roth IRA. I don't know if I should do it this year since I'm down about 20 dollars right now. At one point I was up 200. Should I just believe in the process and contribute another 6k in 2022? + +My portfolio is currently most aggressive, 63% foreign stock, 36% domestic.I picked FZLIX, SPAXX,VTI, VXUS... I'm 27. + + +Thanks for all the information guys, I'll contribute to US index funds for 2022. +EDIT: I am really looking for perspectives from people who have FIREd with young kids or are close to FIRE with young children. + + +I've been planning my FIRE as a 26 F Financial Services professional. FI is within reach in a few years, and while I don't have kids and don't know that I will want them, I've been budgeting child related expenses into my FIRE number. However I'm seeing estimates for childcare in this and related subs that I don't understand. + +I'm seeing people estimate 30-40k a year per child, which seems astronomically high to me. As a child of immigrants, I went to public school, and while I had some afterschool activities, there's no way my parents' expenses ever got close to this high. Are these high figures lifestyle creep, or am I out of touch with the realities of childcare nowadays? Does a kid coming out of public school not have a chance of getting into a good college nowadays? What else gets wrapped into this cost, and how does it change with the age of your kid? + +FWIW I'm not considering savings for a kid's college fund in this number- I'm asking about pure expenses. For those who have FIREd or are close to FIRE, how much money do you budget toward your kids? +As per the SEC, hedge funds are required to share all holdings in the stock market to prevent manipulation. This is all public data, and I was wondering why mirroring these funds isn't talked about more. For example, I can get a list of hedge funds on [https://whalewisdom.com/](https://whalewisdom.com/) and check all their current holdings, which is updated on a daily basis. Very large hedge funds have a large footprint in the market and thus don't have any impressive returns on a percentage basis, but there are a whole array of funds making averages on the order of 30% or more per year. + +&#x200B; + +So why not mimic them? +I don't know how to word this properly. Basically, I got very interested in day trading and algorithmic trading over the past year. I'm finishing a degree in CS, so it was a neat way to further explore methods I learned in class. I wasn't really committed, just curious about the industry and how it worked. + +I want to build upon these interests, but I don't want to start something I know I cannot feasibly pursue. obviously, I know I will lose money at certain points, but the horror stories from day trading subs really irked me. + +I guess in conclusion, I want to apply my CS skills IRL and see tangible returns, but I don't want to waste time on a hobby that is statistically likely to drain my wallet clean. Any advice? + +Side note: I say "hobby" but not in a light-hearted way. I spent/spend most of my days tinkering around and reading papers so I want to reiterate this isn't something passive/random to me. +This might have been asked already so if you have a link to a previous post that would be helpful. I'm wondering what kind of benefits you can get if you have a decent sum invested and whether it make sense to keep all of it in one account or several others. I know bank accounts are insured by the FDIC but does that apply to brokerage accounts? +I tried to search the sub for this question, and I wasn't able to see anything relevant, so I thought I'd pose this question on a throwaway account. + +Background: +* Us: couple making ~400k, VHCOL location, well on our way to FatFire +* Parent: Single mom, making <30k and <2 years away from retirement with ~100k saved & a house she owns outright that she doesn't want to move away from. + +My wife & I are going to help my mom out, but we're trying to figure out how to do it in the most effective manner for both her and us. I haven't discussed any of this with my mom yet, as I am still trying to figure out a good way to handle this. + +Right off the bat we do not believe a lump sum cash would be appropriate for either of us. Moving the money into a trust was also something we only briefly considered. We're currently leaning towards depositing a fixed amount every month into her checking account with almost no strings attached as the most "effective" way to go about doing this. The only "strings" we want to attach is that a) she doesn't tell us what she uses the money for, that's her business, and b) don't reveal our arrangement to anybody else (e.g. my siblings or other family members). The idea with (b) is that we want to help her, but don't want to guilt my other siblings as they are not as well of us my wife & I are. + +Has anybody else run into a similar situation? Does anybody have words of wisdom or caution to share? Much appreciated. +# Overview + +This megathread is to address the specifics and FAQs regarding the recent student debt relief announcement. This post will be updated as more information becomes available, but for the most recent official announcements you can visit [studentaid.gov](https://studentaid.gov/debt-relief-announcement/) for more details. There is also ongoing discussion in the r/StudentLoans [megathread](https://www.reddit.com/r/StudentLoans/comments/wwhr85/megathread_biden_forgiveness_announcement/), big thanks to them for staying on top of things as the news changes. + +**Please keep in mind that political discussions and soapboxing are still not allowed here. This thread is for questions from people with student loans and how these changes may affect their finances.** + +# Student Loan Repayment Pause Extended + +The CARES Act in 2020 suspended federally-held student loan payments and interest charges until September 30, 2020. This was extended through several executive orders in 2020-2022. Repayments were supposed to resume September 1, 2022. With this announcement the pause has been extended until January 1, 2023. + +# Student Loan Forgiveness + +Federally-held student loans through the Dept of Education (DoEd) are eligible for a forgiveness amount dependent on your income. **Student loans had to have been disbursed prior to July 1, 2022**, noted in [this NYT article](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html). + +For single and MFS filers, the income limit is $125,000. For HoH and MFJ filers, the income limit is $250,000. This income limit is based on your [adjusted gross income](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html) (AGI) which can be found on line 11 of your tax return (Form 1040). If you are below the AGI limit for either 2020 or 2021 you will be eligible. + +If you are under the income limits you are eligible for up to $10,000 in forgiveness. If you had a Pell Grant you are eligible for an additional $10,000 in forgiveness, for a total of $20,000. If you're not sure if you ever received a Pell Grant, you can check your account on studentaid.gov. Forgiveness is applied on an individual basis (parent and student are treated separately in relation to Parent Plus loans, if one has a Pell Grant the other does not get the benefit, though this is not 100% confirmed). + +Eligible loans are all loans held by the DoEd. This includes all direct loans such as direct Stafford loans, direct subsidized and unsubsidized loans, and Parent Plus loans. Privately held FFEL loans are currently not eligible, though it sounds like the DoEd is looking into options for getting these loans eligible for forgiveness and suggests that if you do no wish to consolidate then to await further info on this ([NYT](https://archive.ph/heoCM)). + +## Expected Timeline and How Forgiveness Will Apply to Your Loans + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then forgiveness should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied, your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +This forgiveness will be directly applied to your debt balance, it will not be given to you via a check or deposit to your bank account. Nor will you receive a refund if you owe less than what you’re fully eligible for. + +After the forgiveness is applied, if you still have a balance it will be re-amortized which should result in a lower monthly payment. + +**Sept 5 Update**: The studentaid.gov [website FAQs](https://studentaid.gov/debt-relief-announcement/one-time-cancellation) have been updated with guidance on how forgiveness will be applied to a borrower with multiple types of loans and interest rates. In order of priority: + + - **Loan type priority**: + - Defaulted DoEd loans + - Defaulted DoEd FFEL loans + - Direct and DoEd FFEL loans + - DoEd Perkins loans + + - **Interest rate/program type priority:** + - Highest interest rate first + - If same rate, then applied to unsubsidized before subsidized + - If interest rate and subsidy are the same, then apply to most recent loans + - If interest rate, subsidy, and timing are all the same then apply it to loans with the lowest balances + +**Beware of scam texts, emails, and calls from people claiming you need to “act now” to get your student loans forgiven.** + +##FAQs + +* **I just finished paying off my student loans. Is there anything I can do to get some sort of forgiveness?** + + Any student loan payments made during the payment pause that started in March 2020 for loans held by the DoEd can be refunded, this was established with the CARES Act. The refunded amount is added back to your loan balance. [The DoEd application](https://studentaid.gov/debt-relief-announcement/) to provide income information for forgiveness will be open until Dec 31, 2023, so if your refund is delayed in processing you could wait to fill out the application. + + We're not sure how it will work for people that the DoEd already has income info for and applies the forgiveness prior to your refund finishing processing. + + You'll also need to keep in mind any tax implications of doing this if you're requesting a refund for an amount paid in 2021 that you took the student loan interest deduction for on your 2021 tax return. We're still looking for information on how this is handled. + +* **I refinanced my loans and they’re now held privately. Am I eligible for forgiveness?** + + No, private student loans are not eligible for this forgiveness. + +* **Will there be tax consequences for this forgiveness?** + + No, this forgiveness will not be taxable income for federal income tax. State income taxes may apply. + +* **Do I need to do anything to receive this forgiveness if I’m eligible?** + + If the DoEd has your income information from the last two years from FAFSA or IDR applications then it should be automatic. Otherwise, a simple application will be available through the DoEd website in early October. We will update this post with a link when it is available. Once you've applied your application should be processed within 4-6 weeks. The DoEd recommends applying before Nov 15, 2022 to ensure your application is processed by Jan 1, 2022 when payments resume. [The DoEd](https://studentaid.gov/debt-relief-announcement/) will continue to process applications after this date though as they come in. + +* **If my parents took out Parent Plus loans for me but I also have my own student loans, do we each qualify for $10,000 in forgiveness or only one of us?** + + Yes, both the Parent Plus loan and your own federal student loan are each eligible for $10,000 in forgiveness. The parent is a separate borrower from the child. Regardless of the number of children the parent has or if the child had Pell grants, only the parent's information is considered for their forgiveness amount. + +* **If I am still in school or was a tax dependent for 2020 and 2021, who's income is considered for determining eligibility, mine or my parent's?** + + [This NYT article](https://archive.ph/heoCM) suggests it's based on the definition of dependent from the DoEd, rather than tax dependent. Visit [this page from the DoEd](https://studentaid.gov/apply-for-aid/fafsa/filling-out/dependency) for guidance on determining if you're considered a dependent or not. We do not believe this info has been confirmed from an official source yet though. + +* **If I received only $5,000 in Pell Grants, do I still quality for the full additional $10,000 (for a total of $20,000) in forgiveness?** + + Yes It doesn’t matter how much in Pell Grants you had, you get the additional $10,000 in forgiveness if you received any amount of Pell Grant, and it can apply to any federal loans (undergraduate or graduate), regardless of when you received the Pell Grant. + +* **How will this forgiveness affect my credit score?** + + If it completely pays off your student loans and that account closes, you will likely see a small decrease in your credit score due to your average age of accounts decreasing. Over time this will rise to have a positive effect on your score. See the wiki page on [credit scores](https://www.reddit.com/r/personalfinance/wiki/fico) for more info. + +# Public Service Loan Forgiveness + +In October 2021, a PSLF waiver was announced by the DoEd with temporary changes to the PSLF program that are set to expire Oct 31, 2022. This waiver provided people with more eligible payments to reach the 120 payment requirement for 10 years such as including periods of forbearances like COVID or if you were in active military status. + +**The deadline to apply for PSLF with the waiver in effect is Oct 31, 2022. So if you are considering this then visit [this link](https://www.whitehouse.gov/publicserviceloanforgiveness/) for more info and to apply.** + +# Income-Driven Repayment + +The White House has proposed new rules for the IDR program. This is still just a proposal and has not yet been confirmed by the DoEd. + +* Currently repayments are based on 10% of income. This would be halved to 5%. **This only applies to undergraduate loans, not graduate loans.** + + * If you have both undergraduate and graduate loans, the IDR percent will be a weighted average of the balances. + +* Non-discretionary income is currently dependent on the current federal poverty line (FPL) for your state and family size multiplied by 1.5. This is being proposed to change to 225% of the federal poverty line. + +* The DoEd is proposing to cover the interest payment for loan repayments on IDR so that the loan balance does not grow over time, even in months when your repayment amount is $0. + +* If your loan balance is less than $12,000, you’re eligible for forgiveness after 10 years, rather than waiting for the full 20 years. +Hi guys, not much of a UKPF specific question but I love getting feedback from this sub. I’m 21 years old, just graduated with a First in Business Management and I’m earning £17,300 a year in a job that is really getting me down. + +I feel like I should be earning so much more than this and I’m getting pretty beat up about it. I know it’s better to compare against my previous self rather than other people, but I was just wondering what sort of age everyone landed their first job that they’d consider ‘well paying’? +I bought during a stamp duty holiday with 10% down 3.2% and have around 4 years left on fixed rate (was a bit of impulsive buy, since the property was really good). + +I got an emergency fund, can afford to overpay but currently choosing to max isa/pensions. Should I overpay? + +More particularly, i am aware of a usual investing vs overpaying arguments, i am trying to understand - am I ‘lucky’ to have ‘good’ debt in inflationary environment? +Hey all. Looking for commentary and insights on how others made the transition from frugal to luxury living. + +I just applied to a country club and it’s a foreign thing for my Wife and I and we feel uneasy because we are such frugal people. + +For context the initiation fee and first year of monthly dues is about two weeks of income so logically this is not a lot of money for us. + +However, emotionally I’ve been very frugal all of my life. Living with roommates when I owned a rental property, never bought a vehicle newer than 4-5 years old, current house was under 200k, wife shops consignment stores for clothes. + +In the past two years I started making good income for the first time (about 10x my former day job) so I did what a frugal guy does. I maxed out retirement accounts, funded 529s, paid off our student loan debt and mortgage and did some house reno projects. We’re not RE but we are on a good path. + +I think the issue I have is somewhat of an identity crisis bc being frugal and a “smart spender” is a big piece of my identity. Joining a CC is not a good financial move for us (I’m not in local sales or anything like that where I might make it back). But I love golf, swimming w the fam, and a sense of community. + +How have others navigated this transition? I worry about life style creep quite a bit… are there any good rules of thumb for HENRY? We are mid 30s w two kids under 5. +Guten Morgen to this global band of Apes! 👋🦍 + +I am posting this at the usual time in the USA, but the data will begin updating an hour later than usual due to the difference in Daylight Savings time between Germany and the USA. +The updates will continue for one hour instead of two. +The normal schedule will resume next week. + +As we continue through the week, I want to point out GameStop continues to drive forth with incredible momentum in building the digital future of the company. +They forged partnerships with established blockchain tech companies, and have been steadily building up their marketplace to leverage those partnerships. +While many still don't see the draw of NFTs, there is little doubt that digital ownership has an enormous place in the future of the world. +GameStop is on track to become the partner that *every* tech company will want to work with to reach customers. +As they bound ahead, the SFHs are stuck in a holding pattern against our Diamantenhände. +They can't survive closing their short positions, but each day costs them dearly. +They continue to have bets that only the death of the company would save them from. +I know which side I'm expecting to win. + +Today is Wednesday, November 2nd, 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: **$28.40 / 28,55 €** *(volume: 5686)* +- ⬜ 55 minutes in: $28.65 / 28,80 € *(volume: 5686)* +- 🟩 50 minutes in: $28.65 / 28,80 € *(volume: 5682)* +- ⬜ 45 minutes in: $28.55 / 28,70 € *(volume: 5682)* +- 🟥 40 minutes in: $28.55 / 28,70 € *(volume: 5682)* +- 🟥 35 minutes in: $28.99 / 29,15 € *(volume: 4023)* +- 🟩 30 minutes in: $29.00 / 29,15 € *(volume: 4023)* +- 🟩 25 minutes in: $28.78 / 28,93 € *(volume: 3035)* +- 🟩 20 minutes in: $28.53 / 28,69 € *(volume: 423)* +- 🟥 15 minutes in: $28.53 / 28,69 € *(volume: 423)* +- 🟩 10 minutes in: $28.54 / 28,69 € *(volume: 398)* +- 🟥 5 minutes in: $28.53 / 28,68 € *(volume: 383)* +- 🟩 0 minutes in: $28.54 / 28,69 € *(volume: 201)* +- 🟩 US close price: $28.39 / 28,54 € *($28.30 / 28,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9947. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I've been working at a job since 2012 in CA. We bought a house and moved during the pandemic and continued our work remotely. My W2 listed our old CA address (with state taxes taken out, we now live in a state without income tax). The HR department contacted me and said I need to move back to CA and provide a primary address in CA, otherwise I can no longer work for them. + +I've been focusing on the "primary address" part. My in-laws live nearby who we visit a lot, and I was wondering if I could use their primary address for correspondence. I am not sure about how strict the consequences are if we don't technically actually live there for their purposes. I also don't want to get in trouble in some unforseen way, like with taxes or something. + +Any suggestions? Am I making a bigger deal out of this than it needs to be or should I start looking for another job now? + +Edit: There's a lot of conflicting information here, be careful what you read from others online. There's a lot of wrong information here (I don't know which yet). Yes, I'm speaking to a tax professional this week. +What are the biggest pains of managing your own rental portfolio? + +I own 28 units and have always used a property management company, but recently I’ve been considering cutting the property management and managing myself, online payments and service requests have simplified a lot of the old issues of managing, but I’m looking to find what issues still exist, thank you for all your input! + + +I am building a small 16 suite, 60 bed boutique hotel in charleston and I have been interviewing property managers. + +For background, my prior business was owning single residences for airbnb. + +It seems like roughly 6-8% of gross revenue is what they are willing to manage properties for, including the accounting and accounting software costs, employee management, sales, marketing, etc. + +We have one party that we have worked with on airbnb's who wants to manage it for 15%, and that includes all ad buys, but I think those should be broken out separately. For instance what if we want to spend 10% of revenue on ads, or 0%? They would take a huge loss if the former, or they'd refuse to do it, and they'd have a huge windfall on the latter. They say they spend more than other managers on marketing... well I said they should break that number out, show me the %, and since that's not profits for them, they should subtract that number from their management total and charge that (so if they spend 6%, then charge 9%) so we can go up and down on ad budget as needed. + +I've got another mostly airbnb manager who takes 20% for all the services including ad buys, but they take 20% of the net proceeds of a booking, so after booking fees and taxes (they are going to get back on me to what that % equates to as % of gross revenue so I can compare apples to apples). + +Some managers want to know if we are willing to be part of their brand and their hosting website. + +What factors should I consider besides fees, and what fees do you think I should be getting on a property that will gross $2M in revenue? +Hello, + +Just starting to learn about wheeling and selling CC's and CSP's and had a few questions. + +Let say you have 100 shares of AAPL and it is currently at $160, you sell a CC weekly at a strike of $195. What happens in the following situations that would cause you to lose money or shares? (Math is wrong but just as a example..) + +1. The price goes up to $150 and the CC for the buyer is -25% and they close it out to recoup some of their money. +2. The price goes up to $180 and the CC for the buyer is 25% profitable and they close it out to take profits. +3. The price goes up to $200 and the CC for the buyer is 50% profitable and they close it out to take profits. +4. The price goes up to $225 and the CC for the buyer is 75% profitable and the buyer exercises the shares to buy 100 at the strike price. + +In these scenarios I am clear on if they exercise then you basically sell your 100 shares to them at the strike price but from the seller's perspective how would the other scenarios work if they close it out to take profit or recoup money. + +Is there any situation where you would lose out more than your shares being sold at the strike price? +So I get the the concept of a PMCC. + +essentially buying deep ITM call for a synthetic long stock. and selling a call against it. + +but why cant you do it as a OTM calendar spread? i.e. a semi OTM/OTM leap and a shorter dated CC against it? +Current financials: + +* Stocks/Cash/Bonds- $650,000 +* IRA/401K- $210,000 +* House- $260,000 owed on mortgage at 2.8% for 10 more years +* House- $240,000 in Equity +* $275,000 long term employment bonuses/stocks (vests every 12 months and can sell immediately so roughly $90,000 every 12 months) +* Salary is $300,000-$600,000 + +Regarding my retirement income here are my calculations: + +* 4% market gains and add nothing to current $210,000- I can withdraw $46,000 a year starting at 62 +* 7% market gains and add nothing to current $210,000- I can withdraw $100,000 a year starting at 62 +* 4% market gains and add $5000 a year I can withdraw $66,000 starting at 62 +* 7% market gains and add $5000 a year I can withdraw $150,000 starting at 62 + +I am fairly comfortable with my numbers once I hit 62. I am more nervous regarding calculations of 33/37-62. Furthermore, I do plan to work in some capacity after I retire from my corporate job but planning for no work/income to be safe. + +* (7% returns, 3 years working) $650,000, add $200,000 each year (3 years) and retire at 33 and I can withdraw $87,000 safely for 60 years. + * $87,000 is lean for my current lifestyle but after my house is paid off it seems possible. I am debating right now do I want to work 6-8 more years and secure a fat lifestyle or can I survive on $7,500 a month and be happy? + * Same numbers but work 6 years- $147,000 yearly for 60 years +* (4% returns, 3 years working) $650,000, add $200,000 each year, and retire at 33 and I can withdraw $81,000 for 60 years. + * same numbers but work for 6 years- $128,000 yearly for 60 years +* (7% returns, 3 years working, add only $100,000 each year) $66,000 for 60 years + * same numbers but work for 6 years- $100,000 for 60 years. +* (4% returns, 3 years working, add only $100,000 each year) $62,000 for 60 years + * same numbers but work for 6 years- $90,000 for 60 years. + +My observation is is makes sense to really put away $150-$200K for another 3-5 years. What am I missing regarding costs of healthcare, inflation, etc? What else would you consider when thinking about should I work for 2-5-7 years? Also, how do you prioritize chubbyFIRE/fatFIRE/regularFIRE? I go back and forth on could I be ok with $60-$70K a year once my house is paid off vs $140,000+. Any insights regarding what you would plan for in my final 3-7 years of employment and also what did you not think about before hitting FIRE? +My best mate took his own life yesterday. My wife and I are godparents to his youngest son. We'd like to set up some sort of trust fund or education fund for him. Is there a recommended vehicle for this? Anything we should know? +[Bloomberg article.](https://www.bloombergquint.com/markets/quant-fund-looks-to-wallstreetbets-to-hire-sentiment-traders) + +[LinkedIn Job Posting.](https://www.linkedin.com/jobs/view/sentiment-trader-at-quant-hedge-fund-at-cindicator-2410397759/) + +&#x200B; + +Apparently Cindicator Capital is run by ~~Hybrid~~ Inbred Intelligence, but they just aren't quite smart enough to understand the collective wisdom of r/wallstreatbets that I can boil down to just three letters: GME. + +To solve this, they want to hire a true autist (more than 1 year at Wallstreetbets and at least 1,000 karma--none from prayer threads) to guide them down wisdoms' paths specifically to play FD's (someone tell their HR department what that stands for...). + +# They are paying $200k base + 30% of profits. + +To help these morons out, I'm posting the job listing in full here, since that would have been the hybrid intelligent move in the first place. I think we should all apply with a top line comment, and then make fun of the applicants in the thread. + +Also, /u/dhsmatt2 : your job sucks. Apply for this one. + +&#x200B; + +# The Posting (my comments added in parentheses) + +**About Cindicator Capital** + +Launched in 2019, Cindicator Capital is the first quantitative fund powered by Hybrid Intelligence ***(makes you wonder how long it took to come up with that name)***. The fund's set of uncorrelated strategies adapts to different regimes in the digital asset market, aiming to generate returns in bullish, bearish, and sideways trends. + +Last year, we’ve built Macro Sentiment Indicators, a tool that tracks the moods of market participants to predict weekly movements of the S&P 500 and other instruments with 70% accuracy ***(So, they've predicted the market with 70% accuracy since 2019... I can do better than that: Stonks only go up. That is more accurate than 70% since 2019)***. Now we’re looking for someone to strengthen our trading team and help us build new products.  + +**About this role**  + +As a Sentiment Trader, you’ll be the voice of the millions of traders. With a combination of our qualitative approach to measuring market moods and your ‘street-smarts’, you’ll actively manage our internal multi-million corporate treasury **(so, this job will last you two weeks)**. Then you’ll turn the resulting insights into new features, products, and trading strategies for clients.  + +**What you should have:**  + +* 3+ years of active trading experience with both impressive gains and losses; **(we only do one or the other here)** +* In-depth knowledge of options greeks and indicators; **(this means that they are a constant frat party)** +* A solid grasp of probability even if you don’t know the theory (i.e. be good at poker); **(they were so proud of themselves for this line)** +* An active member of r/wallstreetbets with an account age of >365 days and karma of over 1000; **(no prayer threads. They don't need to take your energy. They just want FD's.)** +* Clear, unbiased thinking that defies authority; **(Don't worry about the first part. Defying authority. Check.)** +* A refined taste for memes and a sense of humour. **(The fellow kids meme was made for this one)** + +&#x200B; + +https://preview.redd.it/jmsupz3ftrg61.png?width=500&format=png&auto=webp&s=3e42e666d8bc1598c1fbaf164dea2d147b162779 + +&#x200B; + +Important: NO higher education in economics or finance. Alternatively, prove that you’re free from any mainstream financial brainwash.  **(Numbers are meaningless in this market. We agree.)** + +**What you will be doing:**  + +* Combining our proprietary Macro Sentiment Indicators with your own research to formulate trading ideas for quant strategies;  **(Don't tell these guys about our secret method of using chickens)** +* Spending most of your time on Reddit, Discord chats, and Twitter to feel the pulse of the tens of millions of retail traders;  **(Not sure how this is going to be different)** +* Opening six-figures OTM options trades with the firm’s own capital;  **(THIS we can do. WAY OTM.)** +* Trying your best to prevent our risk management from having a heart attack.  **(Good thing they get subsidized medications too)** + +**Benefits:**  + +* $200,000 base salary and a performance-based bonus (30% of the P&L); +* Remote, flexible working hours; +* Medical and dental insurance; +* 50% subsidy for psychotherapy and related medications;  +* After the pandemic is over: parties in Seoul, Korea and St Petersburg, Russia; +* Optional: a place at a Burning Man camp.  **(For when we burn it all down with GME)** + +As part of your application, please include one trading idea that uses Macro Sentiment Indicators ([https://bit.ly/39Sfa5O](https://bit.ly/39Sfa5O)). **(We've got to split up these applications. Some of you can use the chicken method and the others can use the dog method).** + +&#x200B; + +Good luck to all of you and whoever wins needs to post all trades AHEAD OF TIME. +I know for sure I’m not the only one noticing this, but just a friendly reminder. This is a phsycological war and we’re under attack. + +Why are AMC all of a sudden being accepted in this sub? Why are 10% green days being hyped? You can’t scroll through new without being manipulated on some kind of level. + +Apes together strong. Stay focused. +**From MoneyWeek:** + +**Will house prices crash or stagnate?** + +Earlier this week, online property portal Rightmove, which produces statistics on asking prices every month, said that the coronavirus lockdown has made it impossible to produce meaningful data on the subject. + +And no wonder. Amid the lockdown, we’re effectively banned from selling or buying houses. So hardly any transactions are happening, and when they do, they’re likely to be atypical. + +The question is: what happens after the market opens up again? + +Firstly, do we get a price crash? This is one I’m having trouble with. I think house prices should be lower and that property should be cheaper. I think our economy could shed a lot of its biggest problems if the basic act of finding and keeping a decent roof over our heads didn’t consume so much of our mental and financial resources. + +But that’s a tricky problem to solve, so let’s park it for a moment. What happens in the immediate aftermath when we’re allowed to go out again? + +Andrew Goodwin of Oxford Economics argues in The Times that “you only get a price crash when you have a combination of high interest rates and high unemployment.” + +And I have to say I agree with this point. A crash really has to be driven by forced selling. Forced selling only happens when people are unable to pay their mortgages. That in turn only happens when mortgage costs spike, people lose their jobs, or both. This is what drove the crash in the early 1990s in the UK. + +However, those conditions seem unlikely to recur now. Unemployment certainly is rising and some people will definitely struggle as a result. But for the time being, forbearance is being urged and the level of help from the social security system is far higher than during past crises. + +And on top of that, it seems highly unlikely that interest rates will rise to a point where existing mortgages become unaffordable for large numbers of people. Quite apart from anything else, a far higher proportion of home loans are on fixed rates now. That’s before we even consider the fact that central banks are bound to repress rates for years to come. + +What is potentially more of a risk is that the market freezes over because of a lack of credit availability. As Hansen Lu of Capital Economics puts it, “when the lockdown is lifted, we think credit supply will be a key determinant of whether house prices are stagnant, or whether they collapse.” + +One potential issue is that the banks are going to see bad debts increasing during this crisis, regardless of how well cushioned the economy is. Commercial property loans are going to become a problem, what with companies going bust and proving unable or unwilling to pay rents. Credit cards are likely to see default rates spike too. + +That might in turn make banks reluctant or unable to be as free and easy with mortgage lending as they have been in the past. In turn, that means that even ready and willing buyers will not be able to pay as much as they once might have, which means that sellers will either have to take a hit, or stay put. + +So a crash might be unlikely, but in that scenario we’d get stagnation or falling prices (this wouldn’t in itself be a bad thing, but a stagnant market in terms of transactions is more of a problem – it makes labour mobility even worse than it is just now). + +The other factor which will be very interesting to watch (and potentially more positive) is the change to commuting patterns. + +[Read the whole of this article on the MoneyWeek website](https://dennis.slgnt.eu/optiext/optiextension.dll?ID=tXWt2DDyjp6vKR3S1iIsDhz6_ovHgeAcbryzfpnX3Fy6nvHdAZG5SGkXNdaoVpR%2B5KqecBqPF0gdl3pwPb_FsOH0C%2BOBT) + +John Stepek + +Executive editor, MoneyWeek +I know it's a bit early for new years resolutions, but what are your financial goals for 2022? + +I am entering 2022 with 24K of debt - spread over 3 loans, and 7 CC's. I got married this past year and had a large unexpected cost which has contributed towards this debt. + +I'm only on 25.5k p/a, so I've signed up to an agency (nurse) for extra shifts to help pay down debt. + +My goals for 2022 are to: +- pay off my phone +- save some money for Christmas next year +- pay off 2 high interest credit cards and close them (38% and 31% interest rates) +- and reduce rest of credit card debt by 50% + +I've made some stupid financial decisions, but feel happy and lighter knowing I have some goals to aim for, and a plan to follow! What about you? +I’m about to turn 30 with a partner and two young children living in a major metro area. + +My family business has basically been nuked by COVID (hospitality based) and we’ve been funding ourselves out of our savings hoping for the business to turn around which looks unlikely. + +We now only have $10,000 in savings left. + +We have also had to take advantage of our bank offering to put our mortgage on hold (8 months now). The mortgage repayments will start again in 3 weeks time. +My wife is trying the best to get her startup of the ground(I believe it won’t make money for at least a year) With my business failing and expenses piling up I fear we’re going to lose the house/go bankrupt etc. + +I have no qualifications as I flunked out of uni when I was 21. This was down to mental health issues which have only gotten worse. I’m running into problems getting any warehouse/night fill jobs due to no experience and on the long term horizon I was looking to go back to uni to gain a proper professional qualification. This isn’t realistic in my current circumstances. + +What is the prudent thing to do in this case? Short term and long term. We have our kids in a cheap private school (our catchment is rough) so I guess the first thing to do is take them out. +I am considering purchasing an electric car as my next vehicle and I did some research to see if it is actually worth considering from an Economic point of view. I was actually surprised at how close most of these vehicles are to being cheaper than a comparable ICE car. + +I would predict that most Electric vehicles would be worth purchasing for an average Australian driver at a petrol price of around $3.18, considering most prices are around $2.20 with 22c to be added back to fuel excise in the coming months this may only be 3 years away. + +If you were able to use your car for a whole week and charge it on the weekend using excess solar most cars are already well worth considering. I also haven't included any savings from maintenance as I couldn't find any exact figures for this. + +https://preview.redd.it/j5gejufthb091.png?width=1199&format=png&auto=webp&s=c6e9a011c162aa94626075fe5ef82cd0945af09a +Please point me in the right direction if this is the wrong sub + +I recently moved into a studio apartment. During the inspection the previous tenant hadn't vacated yet so many surfaces weren't visible - they appeared to be borderline hoarders + +Since i moved in I quickly noticed how bad of a German cockroach infestation there is. Dead ones all over the floor then the unit teeming with unwanted life at night, my first and only night there so far I woke up with a roach on my chest. Far from a clean and healthy environment. After one night I'm now sleeping back at my family's house. + +The REA has already organised two rounds of pest spray and the owner will clean the cupboards out. But two rounds of sprays will take a couple weeks, in the meantime I'm paying rent for a place I can't live in. + +I emailed the REA to say it's unsatisfactory and I want to pause rental payments, they called me back to say I should keep paying rent or else it will look like on my record that I missed payments. They said they will see if they can sort out a future credit for these current payments.. + +I think they're just going to delay action until the place is treated then hope I just forget about 2 weeks of rent. + +Any suggestions for what I do here? Take it to the (NSW) tribunal? +After reading the discussion about millennials not investing as much now, i would like to ask, as a millennial myself, what age should we start thinking about investing ? + +I am currently 18 and dont really think I have enough capital to start investing just yet. however, i would like to know, how much capital should i usually start of with? what stocks do I buy ? do I open a margin account as I have small capital. +Forum sliding is at an ATH right now. Calls to ban Zerohedge do not belong here. Then you’ll have to ban ALL MSM sources too. If zerohedge publishes gamestop information we have to know about it and dissect it like we dissect evrything. WE ARE GOING TO WAR AND BEING FLOODED BY WAR SHILLS. + +REMEMBER +DRS, Ryan Cohen, The Metaverse, NFT marketplace, Wes Christian, trimbath, Lucy komisar, Patrick Byrne, zk rollups/ethereum, + +Downvote forum sliding war shills. +Of course, I know, "this time it's different". And to a degree you would be right to say that, I don't think that what happened last time will necessarily repeat itself. But some people still try to pretend that this is normal market volatility and there were dozens of dips like that in the past - looking at the data, this is really not true. The biggest dips for Bitcoin were (all values in USD): + +* 3,014 to 1,927 (36%) in June/ July 2017 +* 4,863 to 3,100 (36%) in September 2017 +* 7,462 to 5,867 (21%) in November 2017 +* 18,491 to 15,266 (17%) in December 2017 + +Then BTC reached its top at 19,665 and you know the rest, drop to 3,000. + +Currently we have dipped from 64,805 to 39,314 - 40% (**edit: a few hours later, it's 31,000, so we're at more than 52%!**). I'm not saying this necessarily is the big crash, but don't pretend it's just a regular dip. It's a huge one, and it might be the next big crash. + + +**TL;DR:** I've noticed before every upward move in January, March, and June, crypto (most notibly 🅱️COIN) has always had a downward move weeks before. This was also really complicated to format 100 times because it couldn't be posted. Sorry if it's messy now. + +\---- + +Hello apes. This is my first DD posted to Superstonk. I am by no means a Financial Advisor. My brain is half wrinkled, half smooth. It's a blessing and a curse. But anyway, here's my theory. I've compared GameStop, [🅱️](https://emojipedia.org/b-button-blood-type/)coin, and AYYMC all in one chart, because there are correlations that shouldn't exist, but do anyway. *Take a look:* + +&#x200B; + +[Candlesticks represent GME. Orange Line represents crypto word. Blue line represents AYYMC.](https://preview.redd.it/ezn3duwiy9m71.png?width=1905&format=png&auto=webp&s=38316192410f475f87a86780e9b2e0d365fe2f73) + +The past is not a prediction of future events, but I'm a firm believer that history always finds a way to repeat itself. Charts are a great way to see where a stock might go in the future. When you start to see correlation between assets that shouldn't correlate at all though, that's where things get interesting. + +# Let's start in January: + +🅱️**coin reaches it's first all time high at $40,000. Sells off the $33k a week later, then back to $40k another week. The next sell phase we see GameStop start to rise. 🅱️coin continues to fall as GME hits it's all time high of $400+.** + +GME sells off to $40. And 🅱️coin has a fun ride up to $55k all on February 19th. +The next week, GME rides to $185, while 🅱️coin sells off again to a new low of $45k. + +Now if I look at the month alone, I probably couldn't come up with this theory. It could have just been a coinicidence that 🅱️coin went down while GME went up, and the opposite when the sides have flipped. But I've had 8 months of data to look at afterwards, and this is where the theory gets real interesting... + +&#x200B; + +[Credit to some guy on TraderView.](https://preview.redd.it/w0o074jmy9m71.png?width=1423&format=png&auto=webp&s=0873e9cc79c1f27de7d16d2e93bf3998ca6d6db3) + +# And here comes March: + +GME's runup to $350 pokes a hole in my theory that our favorite stock isn't actually related to 🅱️coin. I've dug around the news during the first week to see if I could find anything. **This was a critical point when Elon said Tesla wouldn't accept** 🅱️**coin anymore... And this was also the month 🅱️base went public.** +April and early May, we trade sideways for GME and AYYMC, while 🅱️**coin** heads higher and higher. + +If there's anything I need help with for this DD, it's finding why this is the only outlier in my theory. If you know of anything that could hold this together let me know. + +&#x200B; + +[What am I doing wrong?](https://preview.redd.it/f9hxtoxpy9m71.jpg?width=312&format=pjpg&auto=webp&s=7fc52809754e6a36d7798d537d416d94645ac75d) + +# Late May into a violent June: + +On 05/11/21, 🅱️coin will see it's most violent sell off to date. The asset plummeted from $55k to $35k in just 2 weeks. But during that time, we see GME and AYYMC break that sideways trend and show some life. + +On June first, GME hits $250 again, while AYYMC hits an ATH of $70. GME will continue to rise to $350 while AYYMC bounces from the $40s to $60s. 🅱️coin continues to plummet to $30k. Then the news of Gamestop selling shares driving the price down to the 200s, and more sideways trading commences. AYYMC has a more violent sell off in the coming weeks, but then shows that sideways trend as well. + +🅱️coin hits a yearly low at $30k on July 20th, 2021, roaring upward since. + +# August 24th and onward: + +I've read a lot of great DD's on this subreddit. We all know who [u/Criand](https://www.reddit.com/u/Criand/) is, and I think by far he's put the best picture together for all of us. But take a look at a recent comment he posted yesterday: + +>A few large entities probably control the majority market cap of most coins due to the upwards of 100x leverage they can get through t3ther. $10B initial investment on 50x leverage? Boom. You now basically control all of the coins by market cap with $500B buying power and can manipulate the price at a whim. +It's scary, realizing that the price movements could all be because a select few entities control the vast majority of the coins. Imagine what happens if they fail a margin call and liquidate. Exactly what happened the morning of September 7th, but worse. Phwoom. Prices drop to nothing in minutes. +\-[u/Criand](https://www.reddit.com/u/Criand/) + +The hedgefunds control the crypto. They have to liquidate 🅱️coin to be able to survive being margin called. I don't believe it's a coincidence at all. + +**THIS IS THE REASON WHY CRYPTO TENDS TO TANK BEFORE ANY MAJOR MOVE. THIS IS A SIGN THAT IT IS COMING. In his post about the theory of everything, crypto has ALWAYS tanked in that 15 day time frame highlighted here:** + +&#x200B; + +[Credit to u\/Criand](https://preview.redd.it/qhcvukyry9m71.png?width=2434&format=png&auto=webp&s=9befe009bf0a6c518966140b1510b95957508d9f) + +&#x200B; + +This is not a professional DD, but I tried my hardest to make it as clear and concise as possible. Let me know what you all think. I am not a financial advisor, but my very opinion is that the first domino has already fallen, and it's just a matter of time before the rest do as well. Peace and love apes, can't wait to see the story that unfolds. + +&#x200B; + +[🅱️coin is one of these.](https://i.redd.it/i7ctiissy9m71.gif) + +*This is not financial advice. I am not a financial advisor. I'm just a diamond handed ape holding for life change moolah. Buy. HODL. Freedom.* +I would like to start this off by saying this is not financial advise and I am by no means a financial expert. To be completely transparent I started my trading "career" with options on RobintheHood at the start of quarantine because I was layed off. I started with a few hundred dollars and on my best days I made 2-3 thousand. I started withdrawing money to blow it on clothes and dumb shit. Then proceeded to get way too confident trading and lost the rest. (smooth brained I know). I did not start buying and holding shares until this year. Writing this took all 3 of my brain cells working extra hard. Take what I say with a grain of salt. + +# HOW HEDGE FUNDS ARE RAISING FUNDS THRU OPTION CONTRACTS + +I have to start this off with a backstory nobody wants to hear unfortunately. I was at the dentist for my 6 month checkup and I struck up a conversation with my dentist about stocks. We started off with the usual stock chatter (Tesla, blue chip stocks, blah blah) but then I began to explain why I like the stock so much. I present all the DD and facts I have been educating myself on the past few months (FTD, synthetic shares, etc). Unfortunately, he does not believe in GME and told me about how he tried to sell $800 calls on GME. His broker (fuck I wish I asked what broker he was, on any apes have information on this?) did not allow him to sell a call unhedged (without 100 GME shares) even though he had the necessary funds in his account to buy 100 shares of GME at the time. and that got me thinking... + +The closing price on April 30th was 173.59. Multiply that by 100 and that is $17,359 + +If you are bearish on GME, why the **fuck** would you own $17,359 worth of shares in GME only to collect an option premium? + +&#x200B; + +[Webull options chain for the strike he was trying to sell](https://preview.redd.it/ij9kyhejfuw61.png?width=1514&format=png&auto=webp&s=9c5174ff67971234b87d805faa2efaeb9128b4d8) + +&#x200B; + +The majority of these options are likely not being sold by your friendly neighborhood retail investor. **They are being sold by the hedge funds shorting the stock.** Hedgies have market maker exceptions and are legally allowed to sell uncovered options. + +# VOLUME IN OPTIONS CHAIN: + +To further prove my theory, I decided to check out the options chain to see the volume of options on various strike prices for May 7th. + +&#x200B; + +[ITM options via Yahoo finacne](https://preview.redd.it/70s5vi3vhuw61.png?width=1778&format=png&auto=webp&s=1c454f17fa7079ac7e4bcb880dd63daafe3818cf) + +&#x200B; + +[ITM options cont.](https://preview.redd.it/ghd3vfwlhuw61.png?width=1736&format=png&auto=webp&s=e7e96d8948feae196dc496020538c51646420999) + +&#x200B; + +[OTM options](https://preview.redd.it/5luv5a3yhuw61.png?width=1838&format=png&auto=webp&s=c8a291ed1eaebb6e3056c5df4dd0f010292a9fa8) + +&#x200B; + +[OTM options](https://preview.redd.it/qortrx81iuw61.png?width=1788&format=png&auto=webp&s=db62bf67872ac19569c2c438ed7d444a4ab99b4d) + +Notice the insane amount of options currently OTM? Especially at $430 and $300. If GME has another side ways week you literally handed free money to Kenny himself to help him fund his side of the war. An important part to this theory is **option sellers collect the premium right away when they sell an option contract.** For example these options could have been sold a week or ago when the premium was likely much higher. + +# CONCLUSION OF THE DD AND MY THESIS: + +The short selling hedge funds are selling options to further delay the MOASS and stay afloat longer. They collect premiums by selling options contracts. The evidence of the insane amount of synthetic shares is out there and plenty of DD exists proving the theory (I am sure you have read it by now). As long as apes hold and GME does not go bankrupt, the shares **WILL** have to be bought back. Short sellers **WILL** have to buy back shares that are sold when they are margin called. **There is no need to purchase options at unreasonable and speculative strike prices. Nobody knows then MOASS is going to happen quit gambling and guessing.** + +# STAY AWAY FROM OPTIONS BUY AND HOLD SHARES. THIS IS NOT FINANCIAL ADVISE I JUST LIKE THE STOCK. GME IS NOT GOING BANKRUPT, THE INSANE AMOUNT OF SYNTHETIC SHARES WILL HAVE TO BE COVERED. + +&#x200B; + +Hopefully I am parking my dodge demon at my dentist office in 6 months. :) + +TL;DR: Read the title + +If any DD or facts disprove the information in my post PLEASE comment so I can edit. Also if any better DD posts exist that confirm or help please comment as well. + +EDIT 1: u/AvenDonn commented that hedgies have market maker exceptions and can sell uncovered options legally. Failed to mention that in my original post so I added it in. + +&#x200B; +My debit card company is blocking my crypto purchases. The associates are telling me they just dont understand what crypto is. They have been making up story after story. Outright lieing to me saying they cant see the declined transactions, and then all of the sudden they do see them but they cant do anything about it. Do I have any legal recourse, this is a debit card and not a line of credit. How can they tell me how and what I can spend my money on? I'm in the United States, this feels like a violation of the Electronic Funds Transfer Act. +I had only just started full time work out of post-grad studies in 2005 in an industry not directly impacted by the GFC. It was something witnessed from a distance with no real direct cost on my personal finances. For those that felt the crunch during the GFC, I was wondering if this market crash feels different? Certainly the impact this time around has had a much more direct hit both socially and financially. I'm just curious on anyone's insights as to whether this feels different - there's a lot of doom and gloom out there to get caught up in for someone with a by-and-hold strategy with $$ in the game. +I'm currently 22 but due to graduate this year and currently work a full time internship at 56k per year. After graduation i should be able to get a return offer of around 72-80k salary at the same place (in Sydney CBD) + + +By the time i graduate i should have around 25-30k savings with no outstanding debts besides hecs. My home life isn't too bad but my parents can be a little intrusive and controlling at times, however the main reason i want to move out is to start taking some control over my life and have freedom to do what i want. I have pretty bad depression, never had a girlfriend and really want to change my life but need some wisdom on the best course of action since the real world scares the hell out of me. +I live in south west WA and slowly some rentals are popping onto the market - still at crazy inflated prices though. + +Still a lot of homeless workers (even local professionals) who can't find a place, but it looks like things are easing as we head into winter. + +&#x200B; +[Full Article](https://www.msn.com/en-us/money/companies/the-chip-boom-likely-over-as-micron-says-it-s-in-a-downturn/ar-AAZ3D1z?cvid=52b2caf1274346a2897195fbf51af60d) + +“PC unit sales \[are\] now expected to decline by nearly 10% year over year from the very strong unit sales in calendar 2021,” Mehrotra told analysts. “This compares to an industry and customer forecast of roughly flat calendar-2022 PC unit sales at the start of this calendar year.” PCs are big consumers of DRAMs, and they are using more memory per system, especially Macs with Apple Inc.’s new M1 processor. + +In addition, Mehrotra said demand for smartphones is also falling, and Micron projected smartphone-unit volume to decline by mid-single-digits year over year in calendar 2022, well below industry expectations earlier in the year of mid-single-digit percentage growth. + +Micron said that, in reaction, it will be cutting some of its capital spending on wafer fab equipment, the equipment that semiconductor companies use to make wafers in fabrication facilities, for fiscal 2023. “We now expect our fiscal 2023 wafer fab equipment capex to decline year-over-year,” +I had to bring my wife to the ER last night. Her situation required her to stay the night to have a surgical procedure this morning. The procedure went well and she is recovering now. She has a high deductible health plan that is $3,500 and she is required to pay 30% of charges after that. I have no idea what this will cost. This is the first time we have had an emergency situation. What are our options as we don't have the cash now to cover the deductible? Do I have to pay before we can leave? Should I have told the hospital that she doesnt have insurance (hers insurance seems bad) to get a cash price? I'm on mobile so sorry if this is a wall. Thank you + +Update -- + +Thank you everyone for the advice and reassuring words. They were much needed after the craziness of the last few hours. My wife is recovering well and we should be discharged this afternoon. I will definitely contact the hospital's billing department when we receive the bill to see what arrangements can be made. +I am not sure if I understand this correctly, but wouldn't it make more sense to leave my money in a high yield savings account and gain 2.25% monthly vs buying ibonds at 9.62% ? I think I may not be understanding how the interest accrues correctly. If someone can explain to me, I would really appreciate it. Thank you! + + +Correction: High yield saving accounts interest is annually. However payments are made monthly +Hi all, + +I released [OptionStrat](https://optionstrat.com), a new options visualization website back in November. I wanted to make another post to share some big updates and show it off to anyone who hasn't seen it before. + +**Some cool things that set OptionStrat apart are:** It shows market events (ex-dividend, earnings, and split dates), liquidity bars to show the relative volume of each strike, and the ability to save trades and see what they have earned so far. Everything also works in real-time, so just change the strikes, expiration, or IV to see the chart instantly update. This makes it very easy to discover how various strategies respond to different conditions! There are over 50 pre-made strategies as well. + +# New features: + +* **📱Mobile apps!** I created iOS and Android versions that contain all of the features of the desktop site! Search for OptionStrat in the app store to find it. +* **📈Strategy optimizer:** Searches thousands of strategies to find those that are most profitable, or have the highest chance of success (or somewhere in between). +* Lots of other smaller features and a ton of bug fixes... To name a few: Dark mode, custom multi-expiration strategies, UI improvements, etc. + +Here is a video if the new app: + +https://reddit.com/link/kwh4g5/video/wakhgo3gw3b61/player + +As always, open to feedback and suggestions. [Click here to check it out](https://optionstrat.com/). + +&#x200B; + +Also, thank you mods for letting me post this again. +Re-watched The Big Short again last night, and then we watched it again with my 18 yo son who's never seen it and had know idea what had happend in 2008, and doesn't even remember anything, of course, he was only 6 then. Holy shit I'm just so shaken and fucking shocked by the similarities of what happened then and what's going down right now. And I am fucking scared for my friends, and for my family, and for my country. Fucking greedy HF bastards they can burn in hell #GME #AMC 💎👐♾️ + +ps I love this community, and I love what ya'll stand for, you beautiful 🦍🦍🦍s +Hi all, + +Let's assume you buy Cathie's arguments about deflation being what will happen in the future (e.g. technological deflation), shouldn't you keep cash? + +I like her argument, but I find it contradictory to the global idea that we should invest instead of keeping cash on the sideline (because of arguments like "time in the market is better than timing the market"). I feel like there's a missing piece to the puzzle that I haven't been able to put my finger on yet. + +Let's say a TV used to cost $1000 50 years ago. If you did nothing but keep cash, you'd be able to buy 2 TVs of the same quality today at $500 each, or 3 at $333 each. + +By extension, shouldn't ARK keep cash instead of investing? + +What's your stance on this? +As we all know, after a big loss it’s good to take a break from trading but what’s after a big win? + +Are most of you taking a break also just to “stabilize” the confidence? +Good Morning Superstonk! + +I hope everyone is well rested and ready for what I think will prove to be a volatile day. I had some weird reddit outages yesterday in my region I'm sorry if you guys feel like I left you hanging at any point. I have no reason to believe yesterday's price action was the result of any kind of coordinated short attack or paper-handing. While some shorting did occur, about 51% of shares traded, it was still the least amount this week by percentage . + +[shortvolumes.com](https://preview.redd.it/0drk7dxlqm471.png?width=827&format=png&auto=webp&s=2e273d523ad4da4e6c8e6f708d1136abfad190dc) + +We will have to wait for shares outstanding to update. Having been involved in other institutional share dilutions in the past, this looks a lot like a significant number of shares are being sold at a rate that maintains a cost-average. We could also see this methodical selling yesterday based on OBV and VWAP indicators. + +[While this is still considered speculative due to no declaration of sale being released this pattern does indicate large institutional selling. This does not reflect retail selling patterns that we have previously see on this stock. ](https://preview.redd.it/27he7s6wrm471.png?width=1511&format=png&auto=webp&s=9588059c2786bfe09cacc5eb78dbce2fe6b0a878) + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Check out 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, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# Friday Happy Hour + +Well GME closed up, only $22 below max pain. I'm still operating under the assumption that GME has sold it's ATM offering on to the market I think the sale was finished around 11:45 today which appears to be confirmed by OBV and VWAP. Still we will have to wait T+2 for confirmation. I will be assuming the sale as I readjust the TA analysis this weekend to show the fundamental change. Thank you all again for the support, today was definitely crazy... I will see you all bright and early Monday morning at 9am. Have a great weekend apes! + +\- Gherkinit + +https://preview.redd.it/rnk7k7jf0p471.png?width=770&format=png&auto=webp&s=0896835e7d8d91f21ad55ebb43f5824772340c2b + +Edit 8 2:57 + +Stream donated 3k for me to get a perm....and sideways chop ...FML + +https://preview.redd.it/mox3lc3yoo471.png?width=1504&format=png&auto=webp&s=0d5a78c5004a519e5b0c82965766888ee64bf686 + +Edit 7 1:49 + +Still consolidating drew you a fresh trend line + +https://preview.redd.it/yccy392rco471.png?width=1504&format=png&auto=webp&s=3e6f97cab137f7af4d942f146d3ab0befb6c6aa5 + +Edit 6 12:56 + +Ok if we can pull above 230 we will be nicely out of that downward hedging pressure. Welcome back to VWAP + +https://preview.redd.it/tbt4en953o471.png?width=1522&format=png&auto=webp&s=c594af48fc0a78cb3598cd0fe30bf6b9292db6ea + +Edit 5 12:17 + +Slow bounce off 206 might be on an uptrend the put interest is very high today trying to drive the price down with delta hedging. Ideally we can stay above 210 if we hit 200 just remember buy the dip and hodl + +https://preview.redd.it/8nji4xchwn471.png?width=1514&format=png&auto=webp&s=2b89fa71427d5d6c8b33d2ef254e55523c5e6b73 + +Edit 4 11:13 + +3300 puts open at 220 so expect this dip to be decent as those move ITM + +https://preview.redd.it/aub4r4kukn471.png?width=1409&format=png&auto=webp&s=ffffecb0d794753e67a73d7de3ad97bd3b767a3a + +Edit 3 10:45 + +Failed the test of VWAP back to 220-225 + +https://preview.redd.it/vvdpq9esfn471.png?width=1269&format=png&auto=webp&s=50374ced16df9c2caae710f287e73fa0464ed33a + +Edit 2 10:33 + +Looking for a breakout to the upside on this small intraday wedge. Possibly another test of 242.50 + +https://preview.redd.it/3e4v1fgpdn471.png?width=1501&format=png&auto=webp&s=e06726aadb613d7661a0199d77e950bf8d87311f + +Edit 1 + +Nice volume so far at 2.8 million traded. Looks like we failed a test of 235 but the first 15 min action looks pretty bullish let's see if we can squeak back some of those losses from yesterday. + +https://preview.redd.it/xwb5kdyh5n471.png?width=1520&format=png&auto=webp&s=d3f876c0d5b1e82f90aa4b947a29377d1403a822 + +# Pre-Market Analysis + +Edit 1: Possible low @ 200 a return to our previous patter requires we cross 250 today. + +While the amount of arbitrage I expected was a bit lackluster we are still up in the pre-market currently 6/4% trading @ 234.50. We have traded 225k volume so far. I think we'll have a pretty busy day. + +https://preview.redd.it/jvn2w2bptm471.png?width=1516&format=png&auto=webp&s=c2fb499c7a22fcd4a432a4cc88455cbb20b86f9f + +I also must admit if the share sale is correct there is no way TA of any kind could have predicted this movement. Hence the failure of every major TA indicator on this sub yesterday some came close but close is still wrong. I currently Expect us to bounce back into our long-term trend if we do not I will have to do some re-evaluation over the weekend. Even if we do this deviation will have to be factored in but for now. + +https://preview.redd.it/hfzqbzzkum471.png?width=1514&format=png&auto=webp&s=81707b770d9f08655911077192e7bbdd9608a5b9 + +&#x200B; + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I'm 15 years old and I just started my first job. I'm making $16 an hour and I'm working 3 days a week, 6 hours a day, 18 hours a week. I'm currently only doing 50/50 between checking and savings but I'm soon going to be opening a Roth IRA account, which I'm planning on maxing out every month ($500) + +I don't know much about personal finance, or finance in general. But I'm willing to learn anything I need to learn/do what I need to do in order to ensure I'm financially successful by the time I'm 40 (which is my goal retirement age) + +What should I be doing/learning now at my age? Should I start a business? Should I learn a new skill/new skills? I don't really know anything about investing or finance but I'm willing to learn if pointed in the right direction. + +Ask me anything if needed. Thanks for reading. +I am working full-time, currently averaging 80-90 hours biweekly, at a rate of $15.75 and saving as I live with family. I intend on resigning by May 31, 2020 and would like to travel a little before starting school in August 2020. + +My current savings is around \~10k and growing. My 401K through work has \~2k and used to match but no longer does. + +I am paying off my interest on current loans monthly. Total current debt is $49,638 + +Existing student loan debt from undergrad: + +* \~$3,500 at 3.4% +* \~$4,500 at 3.86% +* \~$5,500 at 4.86% +* \~$5,500 at 4.29% + +Existing student loan debt from master's: + +* \~22,000 at 6% +* \~10,000 at 6.6% + +My grace period will be over on 5/20/20. + +I have a double cash back credit card that I use on all of my purchases and pay it off immediately. I have accrued some cash back there as well and my credit score is \~750. I have another credit card from college that I stopped using when I got the double cash back card. The bank will be discontinuing this card by the end of the year if I do not use it. Are there drawbacks to this or should I let them discontinue the card? + +My expected tuition for medical school over the 4 years will be \~160k in-state. I will be moving near school and living with my partner who works full time in his profession and will cover cost of living for us. + +My main questions include how can I best manage the money I have and will have, to accommodate the current loans, plans, and begin saving. + +When I resign should my 401K be moved somewhere else? Should I start a high yield savings? I am clearly very new to this and would like to help my future self as much as possible. I know it is not much to work with but I would love some guidance. I also completely realize how fortunate this situation is compared to other medical students. Thank you! + +&#x200B; + +\*Edit: anticipated appraisal/raise in January \~0.03%, so rate should change to close to $16 +So I have a car loan that's for 48 months at a moment and I was thinking about using the extra income I have coming in to try to pay it off quicker. I have $5,600 left on it and I wanted to try to get it paid off around March sometime next year. I'm making roughly around 1300$ per check and with me being in the military I don't have to worry about housing. Is this wise or should I just wait because I really want to start saving up for this car my eye for a while. And with this car still being on a lien I'm paying more for insurance than I want to. +I know this isn't going to be in depth enough for a lot of specific advice, but I need some general advice on where to start. + +So I have hit my 6 month mark of not being in school and have to start paying my student loans. + +Mine is fine. The issue, is that my mom has a parent plus loan. The minimum payment is $800+/month and because of my parent's income they can't get it lowered. + +I just had a baby two weeks ago. My parents are primary caregiver to my grandma. We can't afford $800/month. + +Is there anything we can do? Where do we start? + + +What are the things you've always wanted to know about but have been too afraid of asking? What do you need to retire? Is your financial advisor working on your behalf or just raking in fees? What does it all mean? + +Remember - this is a safe place. Upvote those that contribute, and only downvote if a comment is off-topic or doesn't contribute to the discussion, **not** just because you disagree. +We are all in here, more or less, to be financial independent, to retire early, to make money besides our regular jobs. All the time the people in this sub talk about life changing money, moonshots, 100x investment and so on. +Yet, i dont see a lot of posts, where people talk about how their lifes has actual changed, only how they want it to change or maybe will change in the future. Im aware that not everyone is comfortable with sharing their financial situation only, and this post is not about how much money were made. +But i dont see a lot of brags and i find that strange for a place like this. +Any ideas why that might be? +I have seen countless of people saying they have doubled, tripled, quadrupled(or more) their positions since they voted. + +This includes myself. + +Besides that we only had around 400.000- 450.000 members when we were voting. + +We are now above 700.000 members. + +My point here being, that even **IF** we didn't own the float 6 months ago, I most certainly belive that we do now. +Hello all, + +Below are the links to some of the documentation that is referenced below. I would recommend you copy these links and cc the appropriate DTC email contact provided below. + +[DTC Operational Arrangements](https://www.dtcc.com/~/media/Files/Downloads/legal/issue-eligibility/eligibility/operational-arrangements.pdf) + +[DTC By-Laws Organization certificate](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/dtc_rules.pdf) + +[DTC Balance Certificate Agreement](https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-NC-Standard.pdf) + +&#x200B; + +[DTCC Bylaws, Rules and procedures](https://www.dtcc.com/legal/rules-and-procedures) + +&#x200B; + +Transfer agents who participate in DRS must comply with DTC rules and regulations. Many transfer agents participate in DRS, especially because national U.S. securities exchanges, including NYSE and NASDAQ, **require newly listed securities to be DRS eligible**. + +DTC requires transfer agents to satisfy four primary requirements before being eligible to process DRS transactions, including the following: + +Because DRS is integrated for communication purposes into DTC’s Profile system, transfer agents must become “Limited Participants” in DTC by submitting an application to the DRS Program Administration for DTC approval + +**Participate in DTC’s FAST program by becoming a FAST agent and agreeing to DTC’s Operational Criteria for FAST Transfer Agent Processing (“FAST criteria”). The FAST criteria outline rules for securities transfers through FAST, DTC’s Operational Arrangements, and DTC’s Balance Certificate Agreement.** The Operational Arrangements include, among other things, DTC’s requirements for issues to be DTC-eligible, additional transfer requirements for FAST agents, record date requirements, and dividend and income notification procedures. **By signing the Balance Certificate Agreement with DTC, transfer agents agree to maintain DTC-eligible inventory in the form of jumbo certificates registered in the name of DTC’s nominee, Cede & Co., and that they will electronically reconci*****le DTC participants’ daily deposit and withdrawal activities.*** + +**DTC PARTICIPANT DAILY DEPOSIT AND WITHDRAWL ACTIVITIES.** + +&#x200B; + +**Establish and maintain electronic communication links with DTC through Profile so that DTC participants (e.g., broker-dealers) and limited participants (e.g., transfer agents) can communicate investors’ instructions electronically.** DTC requires transfer agents to complete DRS and Profile training before using Profile. Profile includes data fields that would be included in a traditional paper transaction, including the investor’s broker-dealer account number, investor’s DRS account number, Tax I.D./Social Security number, and CUSIP numbers of the securities. Once those instructions are transmitted, the actual movement of securities ownership takes place in DRS. + +Participate in DTC’s Profile Surety Program, which functions similarly to the medallion guarantee programs for paper-based transactions by providing for a surety bond to back the representations made by the transacting parties. + +Additionally, DTC criteria that must be met by a securities issuer to ensure its securities are eligible for DRS and Profile may indirectly apply to transfer agents acting on behalf of the issuer. For example, DTC requires issuers to mail DRS book-entry statements to registered owners evidencing their holdings at least once a year.311 Transfer agents acting on behalf of issuers wishing to participate in DRS may therefore be asked by their issuer clients to handle this statement mailing function. + +Below I added the email addresses for Agents to contact to the DTCC for a variety of reasons and maybe we can help DTC Indirect or Direct Participants with understanding their obligations to the beneficial owners of DTC Eligible book-entry shares REGARDLESS of where we live. + +**Time to start cc'ing the hell out of DTC so they understand that their bylaws, rules and Operational Arrangements are not being followed by many many dealer-brokers.** + +I would recommend always cc'ing Agent Services, FAST Agent Eligibility, Direct Registration System. + +Maybe the emails to the DTC will be able to assist these broker-dealers with their contractual obligations to the DTC and beneficial owners. + +&#x200B; + +https://preview.redd.it/mazc0dyz04v71.png?width=956&format=png&auto=webp&s=d902c8c92def48a2929923537b351705ea87201a + +&#x200B; + +https://preview.redd.it/kpbwyew114v71.png?width=966&format=png&auto=webp&s=694080eddab37f6ba07aafd5273330cc2647e5ce + +&#x200B; + +https://preview.redd.it/gdlwmyg314v71.png?width=987&format=png&auto=webp&s=23e945e2285246add45f14b69a461b5b8d6abffd + +TL:DR Here is some information to consider if you are having any issues with your DRS registration. + +&#x200B; + +More to follow .. + +&#x200B; + +Edit #1 [\[A Live Document is BORN\] CANADIAN Apes ASSEMBLE! Problems DRS REGISTERING? I have ASSEMBLED some info, along with an editable word document, u can tweak and personalize that is my version of a DEMAND/Letter of Intent and includes supporting documentation. We get out of this what we put in. RESIST : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/qevdrp/a_live_document_is_born_canadian_apes_assemble/) + +&#x200B; +My cousin bought a time share. The time share cost $50k for 7000 points w/ a $1700 annual maintenance fee. He’s currently paying it down and currently owes about $30k of principal. We’ve seen people selling timeshares on eBay for $0. How does this work? Do the eBay sellers already have their timeshare paid off and own the deed our right? Would you recommend him getting rid of the timeshare even though he’s paid so much into it? If he had the means to pay it off, would you recommend he pay it off and keep it? +We've discovered this all today after a lot of BS and getting old emails. We moved house and on the 17th June 2019 we got the final bill, due to expenses with moving plus issues with our two year old, it got missed. Emails sent to an old email account. On the 11th July they sent it to a collection agency. + +Both our phone numbers stayed the same. No effort to call was made. No letters to our new address. (We updated them and asked for final bill in the mail) + +13 July origin sent an email asking for payment again. + +August comes around and it was transfered to a new debt collection agency. This one never even sends an email. + +5 September. Email comes and they've sent the entire bill to default on credit reports. + +November comes, we contact origin, as we've had no phone calls, no letters, nothing. And it slipped our minds. They don't inform us of the default. + +We have now paid it off and saved to buy a home. And it's come up as defaulted, Origin won't remove it. + +Where can I go from here? +Posting this on behalf of my sister, who just found out you need to be on reddit for 7 days before you post. + +## Hi all, + +I signed up to this on the advice of my brother who comes here all the time. I have got myself into quite the hole, and he just talked me out of ringing up to declare bankruptcy (may have been overreacting). I am 24, and I have made some terrible decisions since I moved to Melbourne, Aus, especially in regards to loans and credit cards (you have heard it all before). + +Here is the situation: + +* I am permanent part time and earning about 1488 a fortnight after tax. +* I owe $6800 on a personal loan, which I think has just been sent to a debt collector (its been paid out in my NAB account, with a Loancover rebate of 60 bucks (I have no idea what is going on here, the loan is about 7-8 weeks overdue, but I haven't had any contact from NAB that I know of?). Is this normal?. +* I owe $4300 on a credit card, also with NAB. (Minimum repayment 160 combined for CC and Loan) +* I owe about 9.5 grand on a car loan (154 a fortnight). +* 1500 on a flexirent for a laptop (65 a fortnight) +* I have a few other miscellaneous debts (afterpay - deleted now, a parking fine gone bad) which total to about 40 dollars a fortnight + 90 for phone and internet. +* Rent is 355 a fortnight in a share house. +* I have about $100 a fortnight in medical and petrol I can't really get out of. +* maybe 30 a fortnight for water/elec etc. + +**Summary:** + +In: 1488 per fortnight + +Mandatory Out: \~1050 per fortnight. + +I owe about 1000 dollars due over the next 2 weeks, of which my car loan is included and they say they will repossess the car. I haven't looked after the car very well, and it has a gear box issue, so its worth significantly less than the loan. It's also a fixed term loan. + +Basically, I know I have totally screwed my personal finances but I am hoping that I can avoid going bankrupt. I am looking for additional work which will help, but I doubt my salary will be going up anytime soon at my current work. About 4 months ago I tried to consolidate my loans and didn't have any success, but advice on that would be great. I have changed jobs twice in 18 months which doesn't help with the banks. + +Basically, I would love advice on three things: + +* Do the numbers add up or will I not be able to ever anywhere with these loans? +* Consolidating the loans - whats the best approach? +* Budgeting advice (I just found [r/debtfree](https://www.reddit.com/r/debtfree) which looks great). + +**tl;dr: was a moron in early 20s, need help digging myself out of my financial filth pit.** + +&#x200B; + +EDIT: So much info, thank you very much everyone. Going to take a bit to process and I will try to reply to as many as I can. Current plan is: + +1. Call NAB and ask again to see a financial advisor about debt consolidation. +2. Call NDH to get on the front foot. +3. Make a plan to cut the absolutely non-essential debt like phone and laptop. +4. Make a budget. +**Website:** https://quantstamp.com/ + +**Whitepaper:** https://docsend.com/view/shcsmhe + +**MCap:** https://coinmarketcap.com/currencies/quantstamp/ + +**Sub-reddit:** https://www.reddit.com/r/Quantstamp/ + +**Summary:** + +> Quantstamp is the first scalable security-audit protocol designed to find vulnerabilities in Ethereum smart contracts. Our team is stellar: PhDs with industry experience, backed by a powerful blockchain industry advisory board. +> + +I've been following QSP for some time now, and I'm preparing to make a call on going in or not. + +Essentially, Quantstamp is a means of auditing Ethereum based smart contracts. + +The part I find most interesting is this: + +"The Quantstamp protocol is a scalable system to audit all projects on Ethereum." + +That is, QSP, in theory, has applicable uses across all(?) Ethereum based coins. + +**Which is huge.** + +This meme sums it up pretty nicely: https://i.redd.it/490rfvh0g2201.png + +I'd love to hear the thoughts of the wider Cryptocurrency community, so please fire away - whether you think it's going to tank due to technical issues or head to the moon, throw your 2cents into the bucket. + +Cheers + +edit: added link to QSP sub-reddit for clarity +My parents own a house in Northern Virginia and over the past 12 months, have seen their house price spike similar to the rest of the country. They are not planning on selling; however, their property taxes are spiking too. All this means to them is thousands of dollars in higher property taxes with no new income to pay for it. + +My question is: if very high inflation takes shape in the next couple of years, and house prices continue to rise, do you think we will see homeowners sell their properties out of desperation, unable to pay the taxes on them? +My current tenant is asking to install a fence on the property at his own expense. I don't really care about the fence, just wondering if there is anything I need to look out for? +Want to buy a place which needs work, Using primary Home mortgage ( 10% down) , The repairs will take 6 months. I plan on living there during the repairs and once done i want to get out of the house and rent it. Possible ? Good idea ? bad idea? +EDIT: ABOUT TO + +&#x200B; + +Alright, so this is very exciting, we just submitted our first offer on our first duplex! It is on an FHA preapproval, so we will be living in one of the units. It's our first step into real estate investing! I have no idea what the result will be, but I wanted the advice of everyone here as to the next steps. + +* I know that there are certain kinds of insurances that should be bought to provide extra protection to me during the time the home is under contract. Does anyone know what that's called? +* What contingencies and other language should I include in the under-contract contract? +* What else should I know if they accept our offer? + +Thanks for all your help! +Microsoft is developing dedicated streaming hardware that people will be able to hook up to their TVs to use its Netflix\-like cloud gaming service. + +The company is betting the future of video games will be a subscription-based model where people pay a certain amount of money each month to get access to a plethora of titles. + +Its Xbox Game Pass service does exactly that, offering access to a library of games developed both in-house and by third-party studios. + +That’s mostly digital downloads, but last year streaming was added with Microsoft publicly releasing Xbox Cloud Gaming. The feature is sort of like a “Netflix for games,” allowing gamers to play games that are hosted on remote servers and then streamed to users over the internet. + +A number of other companies have launched similar game-streaming services, including Google with Stadia and Amazon with Luna. + +Now, Microsoft is aiming to push its cloud gaming product to other platforms. It started rolling out Xbox Cloud Gaming to some users via a web browser on iPhones, iPads and PCs in April (Microsoft couldn’t launch a proper mobile app for cloud gaming on Apple devices due to a dispute over App Store policies). And on Thursday, the company announced it wants to expand the service to TVs as well. + +One way it plans to do that is by partnering with manufacturers to add cloud gaming to smart TVs. But Microsoft is also developing streaming devices which users can plug into their TV or computer monitor to stream games from the cloud. The company didn’t elaborate on what those devices could look like, though it’s reminiscent of Amazon’s Fire TV and Google’s Chromecast dongles, both of which now support cloud gaming. + +In addition, Microsoft says it is working with mobile carriers like Telstra in Australia to offer new Xbox subscription models. It’s also expanding cloud gaming to four new countries — Australia, Brazil, Mexico and Japan —  later this year, and aims to publicly launch the browser-based version of the software to all members of its $15-a-month Xbox Game Pass Ultimate subscription in the coming weeks. + +Microsoft said it plans to add cloud gaming to its new Xbox Series X console, which launched last November to compete with Sony’s PlayStation 5. In the next few weeks, the company will also upgrade the servers that power its cloud gaming service from its old Xbox One hardware to the Xbox Series X. + +Microsoft competes aggressively with Sony when it comes to gaming. But it’s taking a different strategy to its Japanese counterpart. While Sony is known for blockbuster exclusives that can only be played on a PlayStation console, Microsoft is focusing on embedding its Xbox services onto multiple platforms, including mobile and PC. + +Microsoft has been stepping up its investments in gaming, buying the iconic studio Bethesda for $7.5 billion in its biggest video game-related acquisition yet. + +The company is holding a joint event with Bethesda on Sunday as part of the E3 gaming conference to show off new games, with fans speculating they will reveal some details about a hotly-anticipated sci-fi game called Starfield. + +[https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html](https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html) +Grew up upper middle class with extremely frugal parents but I always wanted more as far back as i can remember. Saw people with huge houses, Ferrari’s, large boats, first class travel, expensive watches, etc. when I had a hand me down pick up truck worth $1300, hand me down clothes, etc. I grew up in a semi-well to do area outside Los Angeles so I saw all the goodies growing up but didn’t have any. This motivated me to strive for more. + +I have been working hard, 6-7 days a week for 15+ years as a self employed/small business owner. I’ve built a decent nest egg I feel. I, however, can never shake the feeling of “more” more money, cars, savings, travel, wine, watches, the list goes on. + +How can I be content with my journey towards fatfire and not constantly think of money and work and saving and investing? I feel like I have nothing to talk to friends or my parents about because all I talk about is work and money and net worth. It must be miserable to talk to me to be honest. + +How do I keep on my journey to retire rich but at the same time have something else to talk about with friends and family? I need more hobbies but i don’t really watch or play sports and after 15 years of working non stop I feel like I’ve lost sight of what a balanced life is. + +It’s a rambling post but i think I’m just looking for some ideas or support or help keeping balance so I don’t alienate people I care about and lose my mind trying to make millions at the expense of my health and happiness. +Excerpt from an interview: + +Reporter: "Have you thought about trading cryptocurrency futures to take a negative position on bitcoin?" + +Warren Buffett: "No, I get into enough problems with things that I think I know something about, why in the world would I take a long or short position of something that I don't know anything about?" + +Yet, in the same interview, Buffett also states that: "In terms of cryptocurrencies, genereally, I can almost say with certainty that they will come to a bad ending." + +And further that: "We don't own any, we don't short any, we'll never have a position in them." + +These statements are contradictory. He says that he doesn't understand it, yet he claims that he can say with certainty that it will take "a bad ending" (whatever that means). Still, he wouldn't short it. Indeed, he would shy away from taking any position at all. + +Has he formed somewhat more of a consistent opinion nowadays and expressed it? + +Source of the interview: [https://www.youtube.com/watch?v=YWMmd7hlwNI](https://www.youtube.com/watch?v=YWMmd7hlwNI) +Say you have plenty of money in the markets, and want to do something like buy a second home or fun car. + +Do you guys use debt to fund these things so you can keep your capital invested? + +Made up numbers, but sinking say $500k into toys feels silly when you could take on debt and make small monthly payments with your dividends or hopefully capital appreciation. Even if the debt costs a little more than you make in the market, keeping your powder dry is appealing. + +I’ve never had debt and it feels strange to do it now, but it feels like something I should be doing next time I want to make a big purchase. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Ever wonder why there are always so many shares at super low interest rates for SHF fuckers to short? Especially in the ETFs? Ya, me too so I did some quick and easy digging and came across something interesting. + +Today as of 12:25pm there were 4,572 shares of GME available to short via ETFs. You can find this by looking at the stonk-o-tracker at any given time on any given day: [https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) + +&#x200B; + +https://preview.redd.it/0zzmx8lgw4j71.jpg?width=1050&format=pjpg&auto=webp&s=70985b10e47226f976609363742a086a95041d9b + +I wanted to know who's making these shares available to the SHF. Could it be Vangaurd? or Blackrock? or even worse, Fidelity? Lets click the "more info" button to find out: + +&#x200B; + +https://preview.redd.it/i7toiyqrw4j71.jpg?width=939&format=pjpg&auto=webp&s=cfb862d27c3f490f40cfb0b8a83901cdc8358c11 + +Looks like there are about 8 different ETFs that have shares of GME available at different interest rates. Some are charging an insane amount of interest (as they should be), like SFYF or SoFi Social 50 ETF, who are charging 132%!! to borrow their 9,000 available shares of GME. Others are sharing a lot more shares at a lot lower interest rates.. $BUZZ I'm looking at you and your .08% interest on 100,000 shares of GME. Who the fuk do you think you are, lending out an already over-sold stock that is just insanely stupid to short! Lets take a look... + +Who owns BUZZ? + +https://preview.redd.it/saktuowhx4j71.jpg?width=1214&format=pjpg&auto=webp&s=e2f502c10e1d9bb93fa1ad73f99f20f4d68209f5 + +Vaneck Vectors?? Who tf is Vaneck Vectors?? and why are they making it so easy to short GME with 100K shares?? Oh wait.. I know why! Anyone remember this guy? Ya, seriously, fuk this guy. + +&#x200B; + +https://preview.redd.it/j43ehx91y4j71.jpg?width=766&format=pjpg&auto=webp&s=162eaad339e616a6856cc9d8914a0aa812b41eaa + +WELL, as it so turns out, he may have sold his own individual shares, but he definitely did NOT sell any of the GME shares that his ETF owns. That's right Paperhands Portnoy owns $BUSS and has been playing games with $GME by allowing SHFs to continue their fuckery: + +&#x200B; + +https://preview.redd.it/gwvrpgbgy4j71.jpg?width=849&format=pjpg&auto=webp&s=864fa6714abe552ed7854079093f5b38d3828bc9 + +So not only did Paperhands Portnoy contribute to a bunch of MSM lies that probably saw a lot of other paperhands drop out of the game early on, but he's also one of the reasons this rocket hasn't launched yet. I guess u/neilyoung_cokebooger was right all this time ago.. + +&#x200B; + +https://preview.redd.it/dd3svq14z4j71.jpg?width=738&format=pjpg&auto=webp&s=d505eea508662181abea060d9bfe83c07205001d + +Dave Portnoy *is* a FUCK FACE. +Throwaway for obvious reasons. I have the opportunity to participate as a Limited Partner in the below funds through a Private Equity firm. The minimum participation is $100,000. + +I personally know one of the founders of the firm (relationship explained in comments below), which gives me more confidence over someone I don't know personally. + +Have any of you done this before? What was your experience? Would you do it again? + +&#x200B; + +Below is a bit of high-level information. + +**Option 1:** Private Equity Fund. They are investing in three types of businesses (niche manufacturing, specialty business services and waste management).  Targeting 18-20% annual returns. + +**Option 2:** Private equity fund.  Their unique value prop is working directly with independent sponsors.  Targeting 20-25% annual returns. + +**Option 3:** Private credit fund. This is an INCOME strategy.  Targeted returns are 6-8% yield and 10-13% annual returns.  +A couple of months ago, I needed to call my bank. I called the number on the back of my debit card. + +It sounded like a genuine call. I was greeted by the bank and everything. Except, they were giving me an offer that didn't sound too bad and very believable. The offer was something like this: there is a special going on for a product? for $20. I pay and get a $30 coupon in the mail for trying it out. Something like that. I don't remember. + +I figured, why not give it a shot then? So they ask for my personal information to verify me. And then it dawned on me... maybe this isn't the bank? It sure sounded like my bank, but it just felt off putting. + +I double check the number I called and sure enough, I pressed 1 wrong digit. 1 wrong digit is all it took for me to think that my actual bank answered. I quickly hanged up and redialed to the correct number. + +Who knows how screwed my account would've been if I gave this scammer my bank info. + +Edit: He asked for my social security to verify my account and also wanted my debit card. I didn't give him anything. +There is an old saying on Wall Street. + +>There are many possible reasons to sell a stock, but only one reason to buy. + +If you think about it, you can sell stocks for any number of reasons - downpayment for a house, a medical emergency, or just plain profit booking. But when you are using your hard-earned money to purchase a stock, there is only one reason. You expect the stock price to go up! + +It’s not a hard stretch to imagine that company insiders who are in high-ranking positions (CXO’s, VP’s, Presidents, etc.) would have a better understanding of the company and its expected future performance than any financial analysts out there who are just working with publically available data. So if these well-informed insiders are making significant stock purchases, does that mean they expect the stock price to shoot up soon? + +In this week’s analysis let’s put this to the test. **Can you beat the market if you follow the stock purchases made by company insiders?** + +___ + +**Data** + +The data for this analysis was taken from **openinsider.com** + +it’s a free-to-use website that tracks all the trades reported on SEC Form 4 \[1\]. While there are a lot of transactions that are reported daily to the SEC, I kept the following conditions to reduce noise in the data. + +* Only transactions done by CXO’s, VP’s and Presidents (people who have a significant view of the company strategy and operations) are considered. +* A minimum transaction value of 100K +* The transaction should be purchase (Not a grant, gift, or purchase due to options expiration) + +The financial data used in the analysis is obtained from Yahoo Finance. + +___ + +**Analysis** + +For all the transactions, I calculated the stock price change across different time periods (One Week, 1-Month, 3-Months, 6 Months & 1 Year) and then benchmarked the returns against S&P500 over the same time period. + +My hypothesis for choosing different time periods was to understand at what point would you generate the maximum alpha (if we realize any) over the benchmark. All the results are checked for outliers so that one or two stocks are not biasing the whole result. + +___ + + **Results** + +**Return Comparison - Companies with Insider Buying vs SPY** + +|Time Period|Insider Purchase Stock Returns|S&P 500 Returns|Alpha| +|:-|:-|:-|:-| +|1-Week|1.9%|\-0.3%|2.1%| +|1-Month|3.6%|2.0%|1.6%| +|3-Months|11.3%|6.6%|4.7%| +|6-Months|17.0%|11.9%|5.1%| +|1-Year|39.7%|22.1%|17.6%| + +Surprisingly, if you had followed the insider purchases, you would have beaten SPY across all 5 different timeframes. The alpha generated would also have increased with increasing timeframe with the insider purchase trades beating the S&P500 by a whopping 17.6% over the period of one year. + +I have kept 1-year timeframe as my limit mainly due to two reasons. First, I started the analysis for identifying short-term plays, and secondly, given our entire dataset is over the last 4 years, anything more than 1 year would not have data for a significant chunk of our population which can affect the analysis. + +___ + +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the trades. + +* The data I collected has a lot of small-cap companies which are inherently more risky than a large-cap index like S&P500. Given our returns are not risk-adjusted, the alpha we are seeing here might just be due to the higher risk you are taking on the trades \[2\] +* The analysis is limited to the last 4 years of data during which the markets were predominantly in a bull run (except the Covid-19 crash) +* Finally, this assumes that you will buy an equal amount of stock whenever a company insider does a trade which might not be practical given our inherent biases and apprehensions\[3\] + +___ + +**Conclusion** + +Usually, insider purchases are used to gauge the overall market sentiment. A very high proportion of sells over buys signify that insiders are losing confidence in the stock/industry and it’s time to get out of that market. + +This analysis shows that the individual trades can be used for identifying stocks that are worth buying by analyzing the insider purchase patterns. This should be just considered as a primer into the topic as SEC Form 4 has a treasure trove of information \[4\]. + +You may or may not implement this strategy based on your investment style. But at the very least, you should check for the insider transaction pattern before investing in a particular security! + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1Cxj5FDxbCikjuS4w14PXnm2QDwIxHGaJANPjjF-R6wA/edit?usp=sharing) + +Until next week… + +___ + +**Footnotes and Existing Research** + +\[1\] SEC Form 4 is what an insider file when he/she makes a transaction. It’s expected to be filed within 2 days, but I observed more delay than that in many cases. For the purpose of this analysis, I have considered transactions that were reported no later than 10 days. + +\[2\] [Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective](https://econpapers.repec.org/article/tprrestat/v_3a85_3ay_3a2003_3ai_3a2_3ap_3a453-471.htm) : The study published by Leslie A. Jeng and Richard Zeckhauser of Harvard found that insider purchases beat the market by 11.2% per year. Even after adjusting for the risk using the CAPM model, the returns beat the market by 8.5% + +\[3\] Very few people have the ability to keep their emotions away from the trades when a significant chunk of their money is at stake. + +\[4\] You can filter for the role of the insider (for eg, if you want to track only the CEO purchase/sales), industry, percentage ownership change, the current value of stock owned, etc. There are thousands of permutations in which you can do this analysis to find some alpha. + +\[5\] Multiple research papers over the last 3-4 decades \[[eg.1](https://jbepnet.com/journals/Vol_4_No_3_September_2017/5.pdf), [eg.2](https://www.insidermonkey.com/blog/the-insider-trading-anomaly-recent-academic-studies-591/)\] have shown that insider purchases significantly outperformed the market +US inflation: May 4.99%, June 5.39%, July 5.37% + +Nothing but stocks come close to keeping your head above water. + +Do you believe it's temporary? How does it change your portfolio or your thinking if its not? What if it goes even higher? +That was insane. What did we all make of that? + +I feel we might be seeing the last, massive, markup before the dump, but good luck trying to short the top of it. The force of the run-up makes me feel anything but re-assured. I would not be surprised if the next move down is a vertical red line to 320 SPY or below. +Even if you're a "buy the dip" kind of guy, I wonder how much more upward mobility there could be? + +I've been on the bullish side through most of this, but it feels like we'll be hitting our ceiling soon of this stellar index growth. + +June 3,2019 the S&P was at 2744 +[Original Post ](https://www.reddit.com/r/personalfinance/comments/dlh0rf/husband_and_i_have_a_lot_to_address_does/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wanted to give a bit of an update on my post from last week, mostly as a GIANT thank you to those who commented! It’s really hard to get into a bad spot in your marriage. It gets harder when the two of you fall into the unhealthy coping mechanisms trap. When it leads to near financial ruin it’s terrifying and it’s really hard to get past the embarrassment and shame and ask for help. Getting some feedback and basic advice probably turned this thing around. + + +It hasn’t been a perfect execution by any means but a few things have happened. + + +I had to work through some crippling anxiety every day to face this. Some days I could knock out ten things on the to-do list and some days I could manage only two. I had to just give myself a pat on the back for whatever number it was and acknowledge forward progress. + + +The borrower assistance application I had filled out was actually approved! The nearly two months we were behind can be paid back over the course of six months in addition to our regular mortgage payment. Not easy, but what a relief to have possible foreclosure taken off our plate. + + +After the realization that I was paying all the wrong things first (thanks to you all) I opened a new checking account to stop all the auto drafts that were bleeding us dry (especially the payday loans). Housing, transportation and food will now be first priority. If credit cards and payday loans have to threaten collections that will just have to happen. We can pay them back soon enough. + + +After making the call to the state about our back taxes, we were only under the threat of having our next return taken, NOT garnishment of our wages. This is a giant relief and we only need to make a $60/month payment until we can get to paying it off. + + +I went back into my EveryDollar software and categorized somewhere around 400 transactions to catch us up, give us a better picture of our deficit and move forward using the Ramsey plan. + + +We talked with the lender about the higher interest installment loan that includes my husband’s truck and they will allow a half payment this month and let us skip next month entirely. + + +I hope to have calls/letters out to all lenders and others we owe this week to negotiate payment/possibly delay collection actions. + + +I have a few options for part time jobs in the works and hopefully can get started in the next few weeks. My husband is really dragging his feet on this one but I cannot just let him drop it. It has to happen. + + +We are looking at our EAP plans through work for counseling options. Due to my medical issues earlier in the year I have used my entire deductible and can possibly get no cost/very low cost counseling. + + +Nothing is by any means close to perfect and I’m not 100% sure how to get groceries or pay the cell phone bill this month but I can figure something out. + + +Thank you so much for your help and the time you took to share your input and suggestions. The comments just offering support helped immensely as well. I’m very grateful. I was very alone and very scared. Posting here at least got me to take steps in the right direction. + + +Most messes in life are very hard...but a financial mess is absolutely devastating, stressful beyond belief and terrifying. It’s hard not to feel like an utter failure. I was really good at this game for awhile. I can do it again. Thank you. +An outsider here, I’m genuinely curious as to the main reasons people day trade. + +My perspective is one of a buy and hold investor, and day trading has perplexed me for a while now. I have tried and failed at it in the past, and from what I can tell it is one of the most difficult ways possible to make consistent money. This is because of a few reasons: + +1. Only the absolute best of the best make consistent, long term (5+ years), above market returns after fees and taxes. Think about how many hedge funds actually make consistent above market returns, the list is about 5 firms out of hundreds or even thousands throughout the years. And yes there are advantages that come with lower amounts of capital that sole-traders manage, but you’re still talking about probably the most competitive industry in the world. + +2. Even if you can consistently beat the market and get insane returns (let’s say 20%), you would still need large amounts of capital (at least a few hundred thousand dollars) to make a decent living, which would mean you probably have good earning potential anyway which allowed you to get that capital in the first place. If this is the case, why switch to a more difficult and risky profession? + +3. You need to constantly find new ways to beat the market. Great, you found a replicable way to get good returns, and that was probably extremely difficult/time consuming, or you get really lucky. Now do it again, and again, and again. It doesn’t take long for the market to catch up and become more efficient, rendering your old methods useless. This is something Jim Simons (co-founder of Renaissance Technologies), probably the most successful hedge fund manager of all time, has said he stresses about all the time. + +So with that said, it seems to me going into day trading for the money is for most people a terrible decision. So why do you day trade? Is it for the enjoyment of it? To challenge yourself? + +I should also say, I’m not trying to shit on day trading, I’m all for people doing whatever they want and if you can make it as a day trader, you can probably make ridiculous amounts of money by becoming a money manager or working for hedge funds in some capacity. I also know from experience, when it’s going well, it is unlike anything else I’ve ever experienced. So much excitement, so much fun, and you feel like a king. Maybe that’s part of the issue though, getting your emotions involved even in the successes. +https://nyti.ms/2QZBxiN + +Peloton is recalling its Tread+ and Tread treadmills, the at-home fitness company said on Wednesday, less than a month after it fought the U.S. Consumer Product Safety Commission as it warned that dozens of injuries and one death of a child had been linked to the machines. + +The commission, which issued an “urgent warning” for the machines in April, urged people who own the treadmills to immediately stop using them. Peloton is offering a full refund for the $4,295 machine with a 32-inch touch screen that allows runners to work out with the aid of instructors. + +John Foley, the chief executive of Peloton, said in a statement Wednesday that the company had “made a mistake” by fighting the agency’s request to recall the treadmills, and apologized for not engaging “more productively with them from the outset.” + +“The decision to recall both products was the right thing to do for Peloton’s members and their families,” he said in the statement. + +The machines were sold in the United States from November to March. The company is working on a repair to be offered to customers “in the coming weeks,” the commission said in a statement. The software improvements will automatically lock the Tread+ after use and require a four-digit passcode to unlock it, the commission said. + +“Today we have taken steps to prevent further harm from these two products,” Robert S. Adler, the acting chairman of the commission, said in the statement. + +The commission said it had received 72 reports of adults, children, pets and objects being pulled under the rear of the treadmill. Twenty-nine involved children, including a 6-year-old boy who died. + +After the death of the child in March, the company urged users to keep Peloton products where children can’t get to them and store safety keys away from children +I’m guessing the answer is no. I read all the DD about how the shares would be allocated, yada, yada, yada… In the end I never expected it to be a problem for one simple reason: even if they didn’t have the shares they sure as hell weren’t ever going to admit it or go public about it. It’s entirely possible it looks like you got the shares, but it’s just another “credit” in your account until you go to sell. Since Apes never sell, they get away with just pretending to have given you more shares. Of course DRS blows the lid open on that scam! + +Update: I’m seeing lots of posts about brokers selling and rebuying shares in order to satisfy the split. If true, I’m guessing this is illegal unless they have that option buried in the T&C for an Ape’s account. A dividend split should not effect your cost basis. If they did this and your cost basis changed then you may have an unintended tax liability and I would immediately complain to your broker. Doing so would also change any long term gains back to short term gains. So check on this! But what do I know. I’m just another retarded Ape so don’t consider any of this financial advice. +Main CPI data grabbed all of the headlines yesterday, but it is surprising to see that the decline in real earnings for workers wasn't talked about. The data were released yesterday too: + +https://www.bls.gov/news.release/realer.nr0.htm + + +Declines in real earnings are types of data that really get the Fed to act. This marks the second month in a row of real average hourly earnings declines for workers due to inflation. The idea the Fed may back off any time soon seems like an absolute pipe dream with data like this continually getting worse or staying the same. +So long story short, I am close to FI but not there yet, due in part to HCOL area and two small kids. My professional job is very stressful and mostly thankless, sometimes (as in yesterday) giving me severe anxiety to the point of physical manifestations and not-so-jokingly considering quitting on the spot. + +I have always been a play by the rules person, responsible, a plan. On paper I could continue this route and be totally FI and RE by 50 (more than 5 years, less than 10). But I just dont think i can do it. I think i need to take a step off the hamster wheel and try something new, almost certainly for less $$, to regain some quality of life. I have some ideas, but some are not immediately available due to licensing timelines. + +I guess I am just venting and/or seeking validation for the idea of *not* doing what is best on paper/family finances in exchange for the hope of having a better quality of life and being less stressed (so more and better time with the family) and making peace with the fact that going off script and not doing the "right" thing is ok. It helps that we have sufficient reserves that this will not put house/529s/food/enrichment activities in danger. Just likely push the RE date back...but if I end up finding something I dont hate, then not so bad, right? Risk is not finding that new balance and still being stressed. But sometimes the Devil you know *is* worse... + +Thanks for listening. +So many of y'all are seeing 5 - 10% dips and thinking this is the correction many people are talking about or talking about buying these 'undervalued' dips. What you guys fail to realize is made clear when you zoom out on DocuSign. The last year has inflated stocks 50-200% over the last two years. Even with a 45% dip yesterday it's still trading back online with it's post pandemic valuations. + +A stock that rises 200% on hype and nothing else then dips 10% is not all of a sudden a good buy because it's lower than ATH. It's still hyperinflated. Yes in a usual market this would be the case as stocks are mostly (in a growing economy) at ATHs like 80% of the time. But this is only true when stocks are valued close to intrinsic values. We've had a small sell off but not anything close to a dotcom bust and the bubble is still present as ever. When it pops however is still anyone's guess. +**You don’t own your crypto, RobinHood does.** + +Try to move your crypto from there to a wallet or to a crypto exchange. You can’t. + +**During massive pumps, they don’t allow you to sell your crypto** + +They control when you can your assets, that’s not the point of crypto. You’re meant to be the owner! + +**In general, they are super fishy and I would advise you to get off RobbingHood ASAP.** + +If you don’t use RobbingHood, well done! +**Ripple's market cap is likely overstated by \*\*\*$6.1 Billion\*\*\* \[Messari Research\]** + +[https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion](https://messari.io/article/messari-research-ripple-s-market-cap-is-likely-overstated-by-6-1-billion) + +**EDIT**-- this POLL was originally posted also in light that OnChainFX adjusted the marketcap on their site. They have since changed it back. +**EDIT2** -- Seems OnChainFX has re-adjusted XRP +[View Poll](https://www.reddit.com/poll/am48l9) +Ethtrader has a great history of being respectful and informative of people seeking to understand Ethereum. The recent attention is likely to be quite a draw, not to mention we seem to be experiencing a wildfire of positive momentum in development, ICO, mainstream press, etc. Be patient. For some, this is their first time thinking about magic internet money. +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. +When Gary Gensler posted the video that CNBC took down - his message was, “the world needs to see this!” Gary made a statement - what I said on CNBC - is something I stand behind - and you can’t pull that video off the air / how dare you edit me? + +I was being an asshole and making shit posts about Gary. After his actions today I think most of the sub has agreed that we all like Gary and some serious change is coming. + +Gary, if you’re out there. Sorry for being an asshole and I’m grateful for the work you’re doing. + +I think that you Beautiful 🦍s put enough pressure on the regulators to do something by using reddit as a voice. It really is an intersection of finance and technology. + +So thanks Gary, now we are in the RED ZONE apes, get ready everyone!!! 🦍 🦧 🦍 + +Just an edit : I think a lot of apes were tired of the abuse and felt that was the only way to get thru to ppl - the apes are about life and love and we want people to see that / I’m going to hold myself to a higher standard going forward - we had to kick and scream and now we can chillax + +Gary sorry for making bad posts about you. They were removed and deleted and You’re appreciated. +Has anyone else encountered this? + +I stopped in to a local record store the other day, found a few picks, and at checkout presented my Coinbase Debit Card. Guy at the register looks at it for a moment and hands it back saying he can't accept this form of payment. I explain it's just a debit card, and if he runs it it'll be charged just like any other debit card, but he insists on not accepting it. In an extremely rare turn of events I decide to be a bit assertive (really wanted that XLM I guess) and ask if a manager is available so I can explain, and he replied that he owns the place so it's his call. I ended up using another form of payment only because one of my picks was rare and severely underpriced, but left wondering why any business owner would turn it down. + +Anyone know if there was a legit reason, or was this guy just not accepting it on "principle" or something? + +EDIT: I did point out the Visa logo, but he just kind of waved it off like it wasn't sufficient and repeated that I'd have to use something else (a different Visa lol). + +EDIT 2: This happened in the U.S. +Here's the statistic for 2016 to 2017. + +https://mobile.abc.net.au/news/2018-08-20/where-do-migrants-to-australia-come-from-chart/10133560?pfmredir=sm + +We can extrapolate that, in the last 5 years, India China UK and Philippines had the most immigrants. + +The most reasonable explanation of why immigrants leave in a recession that I've heard is "it's better to be unemployed in your home country with an extended family support system (financial, mental, and emotional) than be unemployed in your adopted country (Australia) by yourself". + +Given the situation in India, China, UK, and Philippines, will the Aussie experience be similar to what happened to immigrants, let's say Polish in Ireland and Mexicans in the US? +I want to reflect on my last week of crypto trading and go over something important that most people don't talk about...euphoria. Over the last week I've done 33 crypto futures trades and lost 7 only following proper setups and being patient; totaling roughly 220-300% gains averaging about 8-18% each trades. This is also important to note that you don't need to go for home runs, 10-20%, even singles 1-9% are great. As long as you are consistent your account will grow accordingly. Remember, this is a marathon not a sprint as they say. + +Right now I'm feeling extremely euphoric and like I'm unstoppable. When this happens it's extremely important in my opinion, to take a few days off of trading to clear your head. The same way you may get desperate when you're losing, the same thing can happen on the opposite spectrum. The market will humble you REAL quick if you think you can beat it. + +Things to note as well, while yes its great that I've made a good amount of wins and such, my sleep has suffered the last 2-3 days (crypto is 24/7) so I'm putting a boundary with myself to not trade the next 2-3 days to get my mind as sharp as it can. And as well to reward myself for doing so well and hitting my monthly goal really early. + +I invite ya'll to recognize these patterns that you may have with yourself when you lose or win trades and set up a system that works for you to properly manage your health and create a balance. +**POST INTERVIEW UPDATE** +Thanks for all of the guidance! The interview was about 1.5 hours, the rest of the time was set up, lighting, b-roll, etc. Here is what I discussed: + +- I made it very clear that I do not speak for WSB and am a lowly lurker. + +- I made sure to talk about the countless stories of folks using their GME tendies to donate to charity. I even brought up the donation posts and had them film them. + +- I told them that I am an investor and am not forced to buy anything, make my own decisions, DFV doesn't dictate my investments, etc. + +- I said "I like the stock" and discussed the promising upside I see with GME. Told them of all my fond childhood memories at Gamestock, etc. + +- When asked how much money I invested, I told them, "I can't say, my wife's boyfriend wouldn't be happy" + +- I shared the gut drop feeling of how I felt when I woke up on Jan 28 and saw I was no longer able to buy. + +- When asked, "What do you think our interviewers should ask Vlad (yes, Vlad will be a part of this), I said: "Ask him to be honest about liquidity" and "Try to dig deeper into the connections between Citadel, Melvin and RH" + +- I said, "For faith in a free market, one side of the market (retail) can never be locked out of trading while the other side (Hedgefunds) are free to trade." Can't find the user who provided that talking point, but I thought it was solid. + +- I said "Well respected analysts say the stock price could have ended up in the thousands if RH and other institutions didn’t limit/halt buying." and "This would have created the largest and fastest shift in wealth that the market has ever seen. There 10s of thousands of average retail traders who would have been millionaires if RH (and other brokers) didn’t cut off users ability to buy Gamestop stock" + +- I said, "It almost feels like an imaginary game where the rules are made up as it goes just to make sure the large institutions come out on top." kudos to the user who provided that. + +- I also spent quite a bit of time just takling about my person story, my recent brain tumor diagnosis, COVID induced pay cuts at work, my non-profit, etc. + + +*Original Post* + +I was one of the first investors to speak to a law firm (ChapmanAlbin LLC) re: RH and the shenanigans that they pulled. + + +Well, ABC reached out to the Law Firm and asked if they had anyone who would be a good candidate to be interviewed regarding my experience and they recommended me. + +I spoke to the producer today and he is flying out to interview me on Monday. He asked about my experience with the WSB community, etc etc. + +How would every like I speak about the group? Anything you think I should be sure to discuss? + +Edit: I was told WSB isn’t the main focus of the interview and I don’t intend on being the mouthpiece/representative of the sub. +Can’t say how many times I’ve needed to pick up from the food pantry, only to get home and realize I just picked up someone’s expired cans/soup/etc that they donated after obviously cleaning out their cupboards. + +It’s not “helping”. Giving “the poors” your expired food may make you feel good about yourself, but it sends the message that we’re only worthy of having your expired garbage. + +Edit- I know that canned items aren’t necessarily expired by the time they reach the dates printed. I am mostly pointing out the message it sends by only donating your expired items that you found by cleaning out your cupboards- that people who need the help from the pantry aren’t worth the fresher options in the first place, and you’re donating the things you yourself wouldn’t take the risk eating. +I have been told that there since BRK.B stocks are very requested it's actually difficult to buy a given amount of them (say $100-200k) and you often have to wait months.. + +I'm no expert... can someone shed a light on this? + +Thanks! +he just sent out a tweet talking shit on eth. whenever a billionaire talks shit on a new asset class it's so he can bring down the price and pick it up on the cheap. these billionaires dont like anything they cant control. +As the title says, I'm very interested in signing up to quality cryptocurrency newsletters and podcasts. Well managed and written newsletters are often much less noisy than stuff you find on social media, and quickly brings you up-to-date on important events without all the shilling/fud. + +I can start. Favorite newletters: + +* [TokenDaily newsletter](https://www.tokendaily.co/join-newsletter) +* [Proof of Work newsletter](http://proofofwork.news/) +* [Week in Ethereum News](http://www.weekinethereum.com) +The situation is this: I have a rental property with a fixed rate of 2,5%. I put 20% down and up to now paid off about 20% of the loan. + +Up until March this year I contributed extra money every month to pay off the loan a little earlier because I hate having a mortgage hanging over my head even if it is a rental property. + +With inflation rising, it is foolish to contribute extra money to pay off the loan, so I am thinking of doing something smarter. The question is what? + +It needs to be something with low risk, I would not invest in stocks because I am already heavily invested in SP500 and all-world ETFs. + +My initial idea was to invest in short-term bonds 1-3 years to maturity as they are yielding 3-3,5% ATM. However, (as I understand it) I cannot buy single bonds, only ETFs. The price of the bond ETF fluctuates and it's not like I buy a bond and hold it to maturity. The same reasoning is with TIPS. + +I feel that I should somehow exploit this situation of a low mortgage rate and high inflation environment but am unsure what to do. + +Do you guys have any suggestions? What are your thoughts? + +EDIT: + +Just wanted to thank everyone for their time and wonderful advice. After reading your thoughts my conclusions can summarized as follows: + +1. Mathematically, paying down a 2,5% loan is not the optimal use of my money. Psychologically it does make a difference, and ultimately it is never a "bad" idea to reduce debt. +2. For the time being, I am ruling out ibonds due to the fact I am an EU citizen, and the availability, mechanism, and taxes of buying US ibonds is not something I am comfortable with. Another problem is the currency risk for a "safe" asset. +3. My final decision is to wait a bit more and see if short-term securities (0-2 years) will reach a level of 4-5%. Then I will invest in said securities as I have the chance to buy such US government bonds that are hedged to my own currency (EUR). As such bonds are currently yielding 3-3,5% I will just continue to pay down debt as the yield is still quite close to my mortgage. As I said, it might not be the optimal choice mathematically but psychologically I think it is better for me at least until yields increase. + +Thanks again to everyone for their time, really appreciate it! +Been hearing some buzz about VIDT lately. Apparently they are going to be doing an ama in the fantom telegram tomorrow, so that might bring some more attention. Get in before then +I have only recently become interested in personal finance and started building up my emergency fund, set up a global equity fund on Vanguard and tried to curb my wilder spending habits. As a form of cathartic release whilst I embark on this journey, I thought I would confess some of the greatest sins I have committed in getting to this point: + +\- I ended up with a balance of negative £3500 on my student account, which became my graduate account, when I moved to London. I got caught up in a continuous cycle of excessive spending where I was going to Michelin Star restaurants on a regular basis whilst only earning £27k. The overdraft fees just kept escalating, paying rent became difficult and I was constantly in financial distress. A promotion and a partial bailout from my parents helped. + +\- I set up a company with friends at University that ended up not going anywhere. The consequence was that I had to continuously fill in self-assessment tax returns. I ended up neglecting this for 3 years and eventually incurred a fine of almost £3000. + +\- Whilst a student, after receiving one of my loan payments, I went straight to the roulette table in a casino with some friends. We took an approach where we would keep betting on black and if we lost we would double down. I ended up losing about £700 in one night. I very rarely gamble now. + +\- I succumbed to my parents insistence that I purchase property (with their help). I bought a new build flat in a bad area of London with Help to Buy right at the peak of the market. The flat was definitely overvalued and now I'm locked into a mortgage and I'm likely in negative equity. + +Can any of you relate to these experiences? What were your greatest financial sins? How did you get out of your vicious cycle? +Christmas will be coming up before we know it! I think it would be great if we did a Superstonk Toys For Tots drive. All toy/game purchases could be from GameStop to support our favorite company around the holiday season, all while helping out those in need! There was a Toys For Tots drive in the past and from what I remember it turned out great. Maybe the mods could put something together and I’m sure there would be a lot of donations from this awesome community! Anyways, Buy Hodl, DRS, Shop 🚀 +I’m a reasonable person. I give people the benefit of the doubt but this situation has became super fishy. + +We transferred 60k USD on the 24th of November and funds are still not showing in our Kraken account. + +Their support team keeps saying the same thing over and over, asking for the same thing, over and over: + +“Hi, Thank you for providing that information. Unfortunately, we are still unable to locate a deposit matching these details. Will you please attach a deposit slip or remittance receipt to assist in locating your funds? Best, Kraken Client Engagement” + +Their website is broken as hell and now they are stealing our money? Did anybody have a similar situation with them? + +UPDATE: + +After I created this post, finally things started to move. I have sent them the documents couple of times and they finally realized that was the case and decided to look properly into it. It seems it was a mistake from our part: + +"Hi, + +My apologies. I can see the information that you have already sent. + +The one concern for me is the bank name and & country. You have written "Sumitomo Mitsui Banking Japan" but it should read "Sumitomo Mitsui Banking Corporation (SMBC)" and if they require the country in this field it could be added as well. + +What I would suggest is to wait a few more days and if the funds do not arrive, they may be returned to you. If we both don't see the funds in a few business days I would suggest recalling the transaction. I'll check back on Wednesday and let you know. If you see the funds returned to you in the meantime please let me know. + +We'll get to the bottom of this one way or another. Thanks for your patience. + +Best, + +Kraken Client Engagement" + +Hopefully the funds will appear somewhere - either in our bank account or in our Kraken account - shortly. + +Will keep you guys posted. + +UPDATE 2: + +My bank just said that bank names won’t matter as swift updates it automatically - and we have provided the correct swift code - so it’s on you, Kraken! + +LATEST UPDATE: THE FUNDS HAVE ARRIVED! + +The problem was NOT Kraken, the problem was with MY BANK. One of their incompetent staff put the numbers we gave them wrong and the money got "lost" in limbo. Our bank finally fixed it and boom, funds in the account. + +Sorry, Kraken, this was NOT your fault, but I hope you do understand we were super concerned and we could never have thought that our bank would f* this up that badly. + +On another note, I can not say THANK YOU enough for all the support and upvotes! You guys f* rock! I certainly am super relieved! + +HAPPY ENDING!!! +Because most people here haven’t made it yet. + +Whenever I see post like these + +>"*The concept of NFTs is valuable. But a JPEG is not worth millions of dollars."* +> +>[https://np.reddit.com/r/CryptoCurrency/comments/sib6ur/the\_concept\_of\_nfts\_is\_valuable\_but\_a\_jpeg\_is\_not/](https://np.reddit.com/r/CryptoCurrency/comments/sib6ur/the_concept_of_nfts_is_valuable_but_a_jpeg_is_not/) +> +>*"NFT is easily the most practical utility for blockchain but at the moment it is completely associated with JPEGs and Farts in a jar. Here is a look at some interesting utilities."* +> +>[https://np.reddit.com/r/CryptoCurrency/comments/spm7bj/nft\_is\_easily\_the\_most\_practical\_utility\_for/](https://np.reddit.com/r/CryptoCurrency/comments/spm7bj/nft_is_easily_the_most_practical_utility_for/) +> +>*"NFTs are ruining crypto's reputation."* +> +>[https://np.reddit.com/r/CryptoCurrency/comments/srk0w9/nfts\_are\_ruining\_cryptos\_reputation/](https://np.reddit.com/r/CryptoCurrency/comments/srk0w9/nfts_are_ruining_cryptos_reputation/) + +You should ask instead, why do girls buy Chanel bags and why do boys buy Patek Philippe watches ? They could’ve bought several live cows, pet crocodiles and a metric ton of brass plating for the price of a single luxury bag. You could commission a leather workshop to make an exact replica of any luxury leather bag in the market for 1/10th of the price. However, try asking asking your girlfriend, which one does she prefer for her Valentine’s gift, 1 original Chanel or 10 high quality copies of it from China ? + +It doesn’t have to make financial sense because they are luxury brands and so are NFTs like CryptoPunk and BAYC that grants you access to VIP clubs. It’s the new digital bling, stop seeing it purely from an investment viewpoint / get rich quick scheme. + +# TL;DR: NFTs are digital status symbols + +&#x200B; + +Edit : + +>Hi! +> +>You have been added to r/ControversialClub because this post of yours from r/CryptoCurrency was one of the most controversial posts of the day on all of Reddit! If you do not wish to join our community, please simply ignore this message. Otherwise, we invite you to join a spot for some of the most "controversial" users on Reddit. +> +>Controversial posts on Reddit are calculated based on the ratio of upvotes to downvotes, with posts containing similar numbers of each being the most controversial. Activity is also taken into account in this calculation, such as the number of comments + +Hmm, I should probably make an NFT of this post. + +Edit 2 : + +[This post as NFT in Opensea](https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/92890603111719683921834810935265842047921502362463550504930474101930415095809) + +&#x200B; +Hello, + +I hope you can all be a bit patient with me at the moment. My head is spinning and I may not be making sense. I have been staying with a friend and his family since the Covid-19 pandemic started, having sadly lost my job and my home. I am a full-time student, so I didn't have much money to begin with. A couple of days ago, I was told that I need to leave as the friend's wife had a meltdown from her depression. That happens tomorrow (Monday lunchtime) and I have neither a place to stay nor family or friends to turn to. As a result, I made a homeless application with my local council and have to wait for a call on Monday to find out what happens next. + +I understand the government made available several million of GBP specifically for homelessness at the beginning of the lockdown, but that funding was not renewed recently. Instead, the government provided councils with around £3.5 billion, if I recall correctly, to support all of their services. It is unclear what portion of that money will be used for homelessness, and more importantly for me, how much my local council will allocate to homelessness funding from the portion they received. + +My first question is, therefore, aimed at those who have been in a similar place or work in this field. Could you tell me what happens next or what is likely to happen? My research of the situation so far provides several factors that are involved in terms of a homeless application, which I should perhaps explain. The details of which may help those who work in the field to give accurate advice. I am a British citizen with links to the area where I made my application. I have no mental health problems, disabilities, children, I am not expecting children, and I am not at risk of any violence. A non-priority application it seems. + +From what I can see, I believe the next step partly depends on how much funding my local council has left, how many places/rooms are still available for those who have made a homeless application, and how fast my application is accepted or rejected. + +My second question follows from this. In the event that my application is rejected as I am not a priority applicant, or in he event that my application is accepted but without immediate accommodation, what would be my best option moving forward? It seems to me that I would have to go to a city with cheap hostels and book somewhere for temporary accommodation until I can find a job and get back on my feet. Any suggestions, however, are most welcome. + +Thank you. + +PS I posted this in the general UK subreddit, but it was auto-removed despite my not breaking the rules (in my opinion). Apologies if this is the wrong sub. + +Edit: I should add that I am a full-time student at a small, private European university, ie not in the UK. I have already asked for some help but they can't offer any unfortunately (except possibly giving me more time for my assignments). + +Edit 2: Hello everyone. Thank you for all of your comments and concerns and private messages. I am doing fine now after some difficult first days. I was housed by the council home with other homeless people. It's difficult here. It's quite squalid to say the least, with no kitchen equipment for cooking. I'm in another city that I've never been in and do not know anyone. There is no internet at the home I am in, so I have to research and write my thesis when I go into town and sit on a bench for a few hours each day. I've read several books already and will ask on Facebook if others could let me have more to read. I have some food and will get government benefits from next month for the first time. Other than that, there isn't much to say except thank you once again. +Withdrawal fees, trade fees, network fees, air fees. If it's a token, it's even worse, requiring two withdrawals (ERC20 token + Ether, or the equivalent of the used network). + +The amount of steps required to use layer 2 solutions or things like TLM and WAX are just so damn high and everyone along the way takes a cut. + +This isn't how crypto is supposed to be. Currently, instead of paying one central party, there's a dozen different parties all wanting a share. + +Sending money via banks cost ZERO and in some areas instant payments are being rolled out, such as SEPA instant payments. + +It should be in everyone's interest to make crypto usable, but all these fees for using crypto is really frustrating and likely slowing down the adoption. +Hi, i’m new to this subreddit, but I don’t know who or where else to go for my situation so I thought I give this sub reddit a try, + +So just some background information about me: I’m 19 years old and work at a grocery store part-time for $10/hour, and go to school full time, 13 hours a week. I was on my parents medicaid (medicare?) for the past year and was under the impression that I was still covered by it. Ive been dealing with stomach problems and fatigue at work, so I went in for a colonoscopy a week ago and my doctor is 99% sure I have Crohn’s Disease. They gave me a call and want to follow up with a CT/Scan to confirm it and so that they can start medicating me; however, in doing that they realized that my insurance was no longer active, and they started freaking out asking me when I could get it renewed because I wasn’t covered during the colonoscopy. + +So I went to the Social Security Office, and asked them if I could get medicaid (on my own behalf). I made $440 in September, which was apparently too much because I had to make $420 to qualify. The social worker started going on about some kind of $3000 medical bill deductible I could do to get insurance, but the problem is, is that even if I wanted to, I don’t make $3000 in a year, so thats’s out of the question, plus I’m finding it harder and harder to work, as I’m getting more and more fatigued from my intestines not digesting stuff properly, so I cant work as much. + +I have no idea what to do, I’m in a medical/financial stalemate, and need medication before I can finance myself, and need finances before I can get medicated. + +I have no savings, and live check to check just to stay afloat in school. My parents are bankrupt, and I can’t ask any of my family for money. I don’t have a credit card, and haven’t started building credit yet, so that’s out of the question too. + +Edit: I am very frugal with my money, I live with a roommate, and only spend money on bills, gas, and I plan out each of my meals, and how much each one costs me. $440 a month is barely enough for me to scoot by let alone pay any bonus medical bills + +I’m lost, can anyone help me? + +Final Edit: Thank you all so much for the kind responses, the general vibe I got was to try in any way to get health insurance ASAP (preferably one without a big deductible). It pains me to wait for another month but I think that lowering my income and reapplying for medicaid/ACA is my only real option at this point. If I remember to I’ll try to update this thread in the future with how things turned out. I love you all, have a happy Thanksgiving and Christmas! +I talk to my friends and they tell me they throw X amount into crypto to hold and I wish I could do the same. I've started having $5 taken out of each check and thrown into my crypto wallet. It's not much but it's better than not investing! + +Trust me it adds up, I get paid 2x a month and if you've seen the infamous 'I put 1k into crypto in 2018' post then know that $120 over the course of a year can easily become a solid chunk of change throughout the years. + +Anyone else have strategies that they do in order to invest small amounts into crypto when you're broke? +As someone with an engineering mindset, what helps me with CSP ideas is getting a list of all trade possibilities and sorting + filtering my way to a decision. + +[This CSV](https://debuglog1803.s3.amazonaws.com/options_contracts.csv) contains every put option expiring on April 1st 2021 (that is available on Robinhood). The columns are the standard fields you'd have available: Ticker, Share Price, Strike Price, Bid, Ask, Volume, Delta, IV, and more. + +I usually create a chart where the x-axis is percent premium and the y-axis is either delta or percent chance of profit (expiring worthless), and look at the distribution. + +Wondering if this kind of data is useful to anyone else? Looking for feedback and I'll continue developing this idea. +Hey Thetagang, + +I’ve been lurking and commenting here for about six months and just absorbing a lot of the content from good posts on strategies and things to watch. I had a major “OH SHIT” moment this morning and learned a lesson. So in the spirit of giving back I thought I’d share so others may not make the same oops I did. + + +Ran a PMCC on VALE, 1/20/23 $15c as the long call: opened in early April when VALE was around $18. Had gotten two or three short calls sold and taken profits on reducing the cost basis for the long call to $564. Strategy was aiming around 21 DTE and closing at 50% profits or with 7-10 DTE so long as it was green. + +Then VALE blew up from $18.31 to $22.03 at open today. I had a 6/4 $21.50c sold and the delta on the whole spread tanked to like 20. + +The lesson is I had gotten a bit thin (think close to 0) on buying power and didn’t have the reserves to close or roll the short position for the loss. Being worried about being blown out and hitting the delta exit point in my trade plan I closed the whole spread out. Still took a profit of 18% overall, but lost all that upside potential. + +Took two lessons from this: + +If a stock is on a tear up hold the long call naked and don’t risk the gains there to collect a little premium. Wait for it to cool off and then go back to selling. + +Hold enough BP to close the short call at the max loss of your plan. Seems straight forward and I had a plan for this play, but missed how it fit with the whole portfolio and over allocated myself. Won’t do that again. +I was punching the numbers and 1-2% a month is easily doable selling theta. Cumulatively you could potentially grow 100k to millions in under 20 years selling theta. + + +My question is, at what point does it not become a viable strategy and it makes more sense to just dump it all into an ETF? +Curious to hear from folks who have recently made this change. I got back into and actively trading - spreads, etc in March on TOS. + +The platform is fine and there is obviously a lot too - perhaps my issue could be that there's so much I just don't have my instance configured correctly. + +However, I love the Tastytrade content and have been following more and trying to implement their guidelines after quickly blowing through a few grand on my account - feels like I am not only supporting them with their platform but from my understanding their interface clearly shows probably of profit, IV rank, etc. + +I have to say, after trying to following their best practices, I am slowly chipping my way out of the hole I dig myself into in this test account. +Hi all, + +Its Halloween and theres blood everywhere! I thankfully pulled back my 401k allocations at the start of the Ukraine conflict from about 75% stocks/15% bonds to about 40stocks/50bonds. Its still down 20% (along with everybody else) but is this the right time to step on the gas again with the market down here and reallocate? + +Im 46 yrs old with 150-200k income and about 500k invested in my retirement plan. Its the first time in over a decade ive made any adjustments. Im a set it and forget guy but i dont mind still being aggressive at my age. How involved are you in your allocations and do you change them often? Appreciate all feedback and TIA +I was inspired by the recent [When is $10,000 per ETH realistic?](https://www.reddit.com/r/ethtrader/comments/7wxj1w/when_is_10000_per_eth_realistic/) thread and thought valuing ETH based on the suspected validator fee rewards (after PoS and Sharding will be implemented) was more interesting than fairly wishy-washy equation-of-exchange models. + +This model is quick-and-dirty but it gives you a basic framework and general idea of what is possible. + +Current situation with fee rewards: + +* Daily Fees (ETH): 624 (took yesterday as a sample from etherchain.org) +* Yearly Fees (ETH): 227,760 (extrapolated from the daily fees) +* ETH/USD: $850 (approx) +* Yearly Fees (USD): $193,596,000 + +* Transactions Per Day (TPD): 740,191 (took yesterday as a sample from etherchain.org) +* Transactions Per Second (TPS): 8.57 +* Avg Transaction Cost (ETH): 0.00084 +* Avg Transaction Cost (USD): $0.72 +* Total Gas Used: 36,737,232,640 +* Avg Gas Price (Gwei): 16.99 (wow, this is still pretty high considering ethgasstation.info says you can get away with 2 Gwei) + +I like using yesterday as a simple snapshot since we aren't maxing out our blocks right now and you can get away with gas prices of 1-2 Gwei. I didn't want to average the fees people were paying from the last month or two where we were hitting the limits of Ethereum and gas prices were quite high. + +Now let's just scale that linearly out to some lofty-but-possible numbers: + +* ETH Staked: 50,000,000 (about half of the total supply) +* Aspirational TPS: 50,000 +* Aspirational TPD: 4,320,000,000 +* Average Transaction Cost: $0.01 (fixed assumption, lowered to allow for more dapps to be feasible) +* Daily Fees: $43,200,000 +* Yearly Fees: $15,768,000,000 +* Yearly Fees Per ETH Staked: $315.36 +* P/E Multiple: 35 +* **ETH Price (USD): $11,037.60** + +This assumes an inflation rate of 0, we're only rewarding validators with the gas fees from processing transactions in a block. Again this is just to keep things simple and show the basic parameters here. + +I picked 50,000 TPS as Vitalik has been quoted as saying that sharding aims to let Ethereum scale to "tens of thousands of transactions per second", and it helps us get to a valuation of around $10,000. I lowered the average transaction cost to a penny since I expect many dapps require much lower transaction fees to become feasible which helps us get to 50k TPS to start with. That lowers the transaction cost by a factor of around 100 - and that may still be too high.. I'm not really sure and would appreciate any comments about this. + +I set the P/E multiple to something like a high-growth stock, and it essentially means a yearly return of about 3% for validators. I believe Vitalik said he expects something along the lines of 1-3% in the recent Unchained podcast, so this lines up fairly well. + +In my view the key relationship here is that we scale up the number of TPS larger than the corresponding decrease in gas price users are willing to pay for transactions. + +Now of course the big question is when/if will we get to these lofty goals? You can always take a guess and apply a discount rate/DCF analysis to the present day and see if investing in Ether is right for you. + +Let me know what you guys think! I'm not a professional in this space, just a fan of Ethereum and hodler. +The way it works is you send Ether to ether.camp and get HKG in return. Ethercamp keeps 100% of the Ether. You can then exchange HKG for tokens of Startups that you like. Startups won't get any of the Ether, so the only way for them to get any value is to dump the HKG on the market. This will push the price towards zero if many startups will do this. + +It would make sense if the startups got 90% of the ether and ether camp kept 10% for organizing the hackathon. But 0% of the Ether for startups and 100% for ether camp makes this whole thing basically a scam. Also the way the token sale is organized and coded is absolutely irresponsible (possible "TheDAO" 2.0). + +If any of the hackathon startups want to do a crowdsale, they should do their own token sale and get funding in ETH from the community instead of (possibly) worthless HKG tokens. + + +The links below are from, "Social Democracy for the 21st Century" a Post Keynesian blog. + +**Inflation** + +[Austrian Theory of Inflation](http://socialdemocracy21stcentury.blogspot.com/2010/04/austrian-theory-of-inflation-myths-and.html) + +[Where's the inflation?](http://socialdemocracy21stcentury.blogspot.com/2011/01/its-2011-and-still-no-hyperinflation.html) + +[Hayek on Secondary Deflation](http://socialdemocracy21stcentury.blogspot.com/2011/01/hayek-on-secondary-deflation.html) + +[Rothbard on Deflation](http://socialdemocracy21stcentury.blogspot.com/2011/01/rothbard-refutes-rothbard-on-effects-of.html) + +**Banking** + +[Fractional Reserve Evil?](http://socialdemocracy21stcentury.blogspot.com/2010/06/fractional-reserve-banking-evil.html) + +[Free Banking](http://socialdemocracy21stcentury.blogspot.com/2011/06/selgin-on-fractional-reserve-banking.html) + +**Praxeology** + +[Mises' Praxeology](http://socialdemocracy21stcentury.blogspot.com/2010/10/mises-praxeology-critique.html) + +[Flaws of Praxeology](http://socialdemocracy21stcentury.blogspot.com/2011/01/mises-on-ricardian-law-of-association.html) + +[Limits of Human Action](http://socialdemocracy21stcentury.blogspot.com/2011/02/limits-of-human-action-axiom.html) + +[Hayek on Apriorism](http://socialdemocracy21stcentury.blogspot.com/2011/05/hayek-on-mises-apriorism.html) + +**Say’s Law** + +[Debunking Say's Law](http://socialdemocracy21stcentury.blogspot.com/2010/10/myth-of-says-law.html) + +[Say's Law and Demand](http://socialdemocracy21stcentury.blogspot.com/2011/05/says-law-presupposes-aggregate-demand.html) + +**Ethics** + +[Mises and Utilitarianism](http://socialdemocracy21stcentury.blogspot.com/2010/10/rothbard-on-mises-utilitarianism-why.html) + +[Economics and Ethics](http://socialdemocracy21stcentury.blogspot.com/2010/10/economics-and-ethics-brief-survey.html) + +**Austrian Business Cycle Theory (ABCT)** + +[Debunking ABCT](http://socialdemocracy21stcentury.blogspot.com/2010/10/austrian-business-cycle-theory-its.html) + +[Kirzner on ABCT](http://socialdemocracy21stcentury.blogspot.com/2011/05/kirzner-on-austrian-business-cycle.html) + +[More ABCT](http://socialdemocracy21stcentury.blogspot.com/2011/06/australian-business-cycle-in-19th.html) + +[Idle Resources](http://socialdemocracy21stcentury.blogspot.com/2011/06/abct-and-idle-resources.html) + +[Epicycles](http://socialdemocracy21stcentury.blogspot.com/2011/06/austrian-business-cycle-theory.html) + +[Garrison on ABCT](http://socialdemocracy21stcentury.blogspot.com/2011/06/roger-w-garrison-on-austrian-business.html) + +**Austrian Economics and History** + +[Recession of 1920](http://socialdemocracy21stcentury.blogspot.com/2010/10/us-recession-of-19201921-some.html) + +[Mises on Fascism](http://socialdemocracy21stcentury.blogspot.com/2010/10/mises-on-fascism-in-1927-embarrassment.html) + +[Mises and the State](http://socialdemocracy21stcentury.blogspot.com/2011/03/mises-hypocrite-when-reality-trumps.html) + +[Hoovenador](http://socialdemocracy21stcentury.blogspot.com/2011/05/herbert-hoovers-budget-deficits-drop-in.html) + +[Mises on the Great Crash](http://socialdemocracy21stcentury.blogspot.com/2011/05/mises-did-not-predict-us-stock-crash-of.html) + +**Equilibrium** + +[Equilibrium](http://socialdemocracy21stcentury.blogspot.com/2011/04/full-employment-equilibrium-is-not.html) + +Learning Post Keynesian economics can be difficult... and expensive! Here are some books I would recommend. + + +1. Financial Markets, Money and the Real World. + +2. The Elgar Companion to Post Keynesian Economics + +I'm really not sure where I stand when it comes to the minimum wage, as much as I want to defend it and believe it's a good thing. I've heard, from economists, that the vast majority of economists believe it lowers employment and so on. Meanwhile, a supermajority of Americans believe the minimum wage is great. This disconnect bothers me, as it shows that it's possible that, although most people may believe the minimum wage is good, and therefore be easily convinced that it is good, they may be basing their belief on assumptions instead of data. + +That said, I know there are several studies that have been done, the most famous of which being Card & Krueger's, showing little correlation with minimum wage increase and unemployment. A [more recent study](http://economix.blogs.nytimes.com/2010/11/01/along-the-minimum-wage-battle-front/) also came out. + +In the scheme of things (the data that is out there), where do studies that support the minimum wage lie? + +Is the minimum wage bad for the economy? Does it matter? +FINRA is requesting comment on potential enhancements to its short sale reporting program.  FINRA is considering: + +(1) modifications to its short interest reporting requirements (Rule 4560); + +(2) a new rule to require that participants of a registered clearing agency report to FINRA information on allocations to correspondent firms of fail-to-deliver positions; and + +(3) other potential enhancements related to short sale activity. + +&#x200B; + +FINRA encourages all interested parties to comment on this request for comment. Comments must be received by August 4, 2021. + +&#x200B; + +\~\~\~\~ + +&#x200B; + +FINRA is considering whether amendments to its short interest reporting and dissemination program would be appropriate to improve the regulatory and public utility of the information. FINRA also is considering whether any changes to other aspects of its short sale regulatory program would be beneficial, as discussed below. + +&#x200B; + +**A. Publication of Short Interest for Exchange-listed Equity Securities** + +FINRA Rule 4560 requires firms to report short positions in all equity securities (other than Restricted Equity Securities) to FINRA. Thus, FINRA members are required to report short positions in both OTC equity securities and exchange-listed equity securities. However, FINRA currently only disseminates on the FINRA website short interest information for OTC equity securities. For exchange-listed securities, FINRA provides the reported short interest position information to the applicable listing exchange for processing and publication. Exchanges historically have handled the publication of short interest data for their listed securities, even after short interest reporting for all equity securities was consolidated through FINRA in 2008.[8](https://www.finra.org/rules-guidance/notices/21-19#_edn8) + +**FINRA is considering consolidating the publication of short interest data that is reported to FINRA for both listed and unlisted securities.** If FINRA were to make this change, short interest files for all equity securities would be made available free of charge on the FINRA website and would not require changes to firms’ reporting requirements. In addition, if this change was made, the below potential changes to the content and timing of publicly disseminated data would apply to listed and unlisted securities.  + +&#x200B; + +**B. Content of Short Interest Data** + +FINRA receives short interest data from members on a firm-by-firm basis and subsequently aggregates the information by security to create the disseminated data files. FINRA is considering changes to the data fields firms are required to complete.  + +As discussed above, FINRA’s website publication of short interest data currently is limited to non-exchange listed, OTC equity securities and includes the following fields: + +&#x200B; + +* Security name +* Symbol +* Settlement Date +* Market (*i.e.*, OTC equity securities) +* Current aggregate short interest position for the security across all firms +* Previous aggregate short interest position for the security across all firms +* Change in short interest position since the prior reporting period (number of shares) +* Change in short interest position since the prior reporting period (percentage) +* Average daily trading volume for the security +* Days to cover[9](https://www.finra.org/rules-guidance/notices/21-19#_edn9) +* Revision Flag[10](https://www.finra.org/rules-guidance/notices/21-19#_edn10) + +&#x200B; + +FINRA is considering the following changes to reported and disseminated short interest data.[11](https://www.finra.org/rules-guidance/notices/21-19#_edn11) In some cases, FINRA also is considering whether the additional data points proposed to be collected should be disseminated publicly or used only for regulatory purposes.  + +&#x200B; + +* **Proprietary and Customer Account Categorization**: FINRA is considering requiring firms to segregate the total reportable short interest into two categories—short interest held in proprietary accounts and short interest held in customer accounts. Specifically, in addition to reporting the total short interest in a security, firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date. FINRA believes that this information would provide beneficial regulatory information regarding the type of market participant that accumulated a short interest position (i.e., a firm or a non-broker-dealer customer).   + +&#x200B; + +* **Account-level Position Information:** Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities. Account-level short interest position information would provide FINRA with insight into the identity of the individuals or entities that accumulated concentrations of large short interest positions, which FINRA would use to enhance its reviews for compliance both with SEC Regulation SHO and FINRA’s short sale rules.  + +&#x200B; + +* **Synthetic Short Positions:** In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include **synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies.** FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity,  specifically regarding the use of less-traditional means of establishing short interest.  + +&#x200B; + +* **Loan Obligations Resulting From Arranged Financing:** FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to **report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock.**  + +&#x200B; + +* **Total Shares Outstanding (TSO) and Public Float:** FINRA also is considering including in FINRA-disseminated short interest data, where available, the TSO and public float for securities. FINRA would obtain this information from a third-party source and include it in disseminated information; therefore, this change would not alter firms’ reporting requirements. FINRA believes disseminating a security’s TSO and public float would provide investors with contextual information regarding the relative size of the aggregate short position in the security. + +&#x200B; + +* **Threshold Security Field:**[12](https://www.finra.org/rules-guidance/notices/21-19#_edn12) FINRA is considering including in FINRA-disseminated short interest data a new field that would indicate if the security is a threshold security as of the short interest position reporting settlement date. This change would not alter firms’ reporting requirements. FINRA believes that a security’s status as a threshold security could be useful to investors and other market participants in evaluating an investment decision, and that consolidating this information into disseminated short interest data simplifies the process of obtaining this information for users of the data.  + +&#x200B; + +**C. Frequency and Timing of Short Interest Position Reporting and Data Dissemination** + +Members currently must submit short interest reports to FINRA twice a month and reports are due to FINRA by 6:00 p.m. ET on the second business day after the reporting settlement date designated by FINRA. FINRA is considering requiring firms to report short interest data to FINRA more frequently. Specifically, FINRA is considering **reducing the reporting timeframe to daily or weekly submissions** and, to enable FINRA to disseminate the collected information to the marketplace on a timelier basis, such reports also would be due to FINRA in a shorter timeframe following the applicable settlement date. For example, if FINRA were to require daily submissions, short interest reports could be due by 6:00 p.m. ET one business day after the designated reporting settlement date, and for weekly submissions, short interest reports could be due by 6:00 p.m. ET one business day after the weekly designated reporting settlement date (instead of the current requirement of two business days after the designated reporting settlement date).[13](https://www.finra.org/rules-guidance/notices/21-19#_edn13) + +FINRA also is considering reducing the FINRA processing time involved in disseminating short interest data. Currently, FINRA disseminates short interest data for OTC equity securities on the FINRA website seven business days after the designated settlement date, which is five business days after the reports are due from member firms. FINRA is considering reducing this processing time. The proposed reduction in FINRA processing time could apply where firms report short interest to FINRA on a daily or weekly basis, as described above, and also could apply to the current twice a month reporting cycle (with or without a reduced firm turnaround time). + +Increasing the frequency and timing of reporting and disseminating short interest data would provide FINRA, other regulators, investors and other market participants with a more current view of short interest information, better inform investors’ and other market participants’ investment decisions, and provide more timely information to FINRA for regulatory use. + +&#x200B; + +**D. Information on Allocations of Fail-to-Deliver Positions** + +Regulation SHO permits a member that is a participant of a registered clearing agency to allocate a portion of its Rule 204 fail-to-deliver position to another broker-dealer based on that other broker-dealer’s short position.[14](https://www.finra.org/rules-guidance/notices/21-19#_edn14) FINRA is considering enhancing its short sale reporting program by adopting a new rule to require members to submit to FINRA (for regulatory purposes only; not for public dissemination) a report of daily allocations of fail-to-deliver positions to correspondent firms pursuant to Rule 204(d) of Regulation SHO.  + +The proposed allocation report may include the following fields: + +&#x200B; + +* Security +* Identity of correspondent firm +* Amount allocated to correspondent firm (number of shares) +* Trade date(s) +* Allocation Date +* Close out Date +* Applicable close out obligation (T+3, T+5 or T+35) + +&#x200B; + +This information would provide FINRA with important supplemental information in support of its Regulation SHO surveillance program. Currently, when there has been a fail-to-deliver, FINRA initiates an inquiry with the clearing firm requesting information on whether the fail-to-deliver has been allocated to a correspondent firm and, if so, the identity of the correspondent firm. Obtaining daily information on fail-to-deliver allocations would allow FINRA to directly identify the member that is responsible for a close-out obligation (without first requesting this information from the clearing firm), and, therefore, would allow FINRA to conduct more efficient investigations. + +&#x200B; + +**Full Version:** [Regulatory Notice 21-19 | FINRA.org](https://www.finra.org/rules-guidance/notices/21-19) + +&#x200B; + +**TLDR:** FINRA is enhancing it's Short Sale Reporting Program, and has invite the public to provide comments on the proposed changes before August 4, 2021. + +It's a positive step forward, but we have to make sure FINRA provide more data transparency, stronger regulation and deeper investigation into illegal naked shorting. + +💎🙌🚀🚀 +I’m going from working as a teacher’s assistant for Head Start making $10/hr to becoming an ABA registered behavior technician making $14/hr. It’s not a high wage but that $4 raise is going to help me so much. To date, it’s the highest I’ve ever made. I start on Monday and get paid training along with all of the certification fees covered. I’m so excited! +Listen, I've been eyeing Tesla since it hit 1,000 and I resisted to buy it because part of it is hype and people telling me, "It's overvalued, it's going to tank any day now". Months later and there's no signs of slowing down. I caved in and bought it at 2,000. Don't want to regret it if it hits 2500 plus. Who's in the same boat as I am? New Battery, Stock splits, and China Market are all positive things for the future. + +I know I broke all the Trader Rules but Tesla has been defying the odds for quite sometime now. Fuck it, I'm in. +Now call me a tin-foiled hat conspiracy theorist butttt after reading about the normalised votes it just hit me. + +Ryan Cohen is literally saying not to judge them by their words, aka the votes, if they have been normalised (which seems to be the case) he literally told us to not judge them by that. + +Judge them by their actions, well the main action that we’ve seen today is GME working alongside the SEC. I know it’s a relatively common phrase but we alllllll know how RC loves to be cryptic. + +Also did anyone else find it odd that George Sherman basically gave us a nod in the ER. “A group of very dedicated and enthusiastic investors” that’s clearly not aimed at the average shareholder, that’s the Apes. + +Regardless my Tits are jacked and my balls are buckled up. It’s going to be one hell of a ride. +I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends. + +I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a Bitcoiner. + +I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand Bitcoin. They were all afraid of the "volatility". + +I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "*That sounds really great, I will definitely get into it*" and then go on with their lives without getting into it lol. + +For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for Bitcoin as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies. + +The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar. + +In the meantime, Bitcoin will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender. + +That's how I see it. +I've noticed that the Bitcoin subreddit has become very hostile to anyone who tries to put anything critical about Bitcoin up. Those posts tend to get downvoted very quickly + +This entrenched head-in-the-sand attitude though, doesn't do Bitcoin any favors. Can you imagine running a business in which you just ignored every time someone made a complaint, and just wrote them off as a whining loser? You would quickly go out of business. It's only through seriously engaging with the weaknesses of Bitcoin that something important will be built, and I'm not only referring to technical weaknesses. Every time anybody tries to post anything related to Bitcoin internal politics, or gender and race politics, inequality of ownership, and internal douchebaggery, it struggles to get any airplay, or gets put down with shallow responses like 'Bitcoin isn't political, so don't try come here and talk politics' + +Likewise, articles about why Bitcoin might fail don't get read either. That's like a CEO receiving risk warnings from an external consultant and then refusing to read what they don't want to hear + +This is one of the reasons why public opinion remains - or is getting more - ambiguous towards Bitcoin. Rather than the community actually addressing concerns, the standard line is to just repeat some trite soundbites about freedom vs oppressive government + +I would like to call for this sub-reddit to become more critical towards itself, in the interests of keeping Bitcoin fresh and vibrant. I would like to feel that if I put a piece on here from someone who doesn't agree with the dominant Bitcoin line, that it will actually stand a vague chance of getting read. I don't want to feel like the only thing I can put up is sycophantic praise of Bitcoin or articles about how the government is shitting itself about it. + +Does anybody else feel similar? +Crypto is not one thing. This is what I’ve come to learn. Crypto is an ecosystem. It’s many technologies competing in different crypto-ecological niches for the right to act as value arbiters in those spaces. + +#Part 0: In truth, not even fiat currency is really our main currency. + +What has been the basis of the currency of the United States, historically? Gold and then the greenback. At first, the greenback represented gold, but it wasn’t gold. Then the nation decided it was better to have the greenback represent itself. Why? Because we already valued it. The physical underpinnings of its paper fibers held no material relevance to us. In truth, though gold has many uses, its main valuation had come from people knowing that people like shiny rocks. Chemistry and physics came after our appraisal of gold as valuable. + +Nowadays, do you use cash much? Maybe sometimes, maybe even every day, but if you have a bank account, there’s not a vault of greenbacks sitting in a safe with your name on it. You have a digital representation of a value which is part of an overall collection of values held and used by a bank representing an equivalent sum of greenbacks. Sure, it may add up to a real number of dollars that you can print, but that’s only when you need to use cash. + +/r/WallStreetBets caused a hedge fund to lose billions on shares of stock that exceed the total supply. We’re fine with floating shares as a concept because we assume it’ll all add up in the end. + +Ultimately, all of these things simply represent a normative standard of **value.** + +#Part 1: The Zygotic Stage: Bitcoin and the Mt. Gox Collapse + +Jed McCaleb, cocreator of Ripple as well as Stellar, founded Mt. Gox, the first Bitcoin exchange. It was a sign that bitcoin was gaining some legitimacy; there was now an infrastructure to handle bitcoin arbitrage. + +Problem was: it hard-centralized bitcoin. Jed left, Mark Karpeles took over and Mt. Gox was hacked a few years later. Thousands and thousands of bitcoins were stolen; BTC lost 90% of its value in less than a month. + +What happened? Crypto wasn’t ready. It couldn’t handle the stress test of one intuition suffering what countless CeFi institutions have without obliterating the value of the fiat. It was one blockchain with one protocol. + +#Part 2: The Rise of the Alts and Crypto Winter 2018 + +Nowadays, BTC is called a store of value solution. This is a recent phenomenon. I was around back when BTC was genuinely being considered as a currency. + +Valve once took BTC for Steam purchases, starting in 2016. They reneged on this in December 2017, as the volatility had made it bad for something like video game retail. It seemed perfect; Steam had broken new ground as an alternative to physical storefronts, why not break it further with digital currency? + +The tech was bad for it. As it became more valuable, transaction fees became untenably high. Bitcoin had failed in its original use case. + +Crypto wasn’t ready; if it was a zygote in 2014, it was only a blastula in 2017. There were subdivisions in the overall structure but no real specialization. Ethereum had been finding some legs with its smart contracts. Doge was rebounding, as it seems to never truly die, defying all logic. Bitcoin dominance was plummeting. People were willing to look at the alt coins and give them a try. After all, there had been almost a decade of data on Bitcoin’s failings; surely someone had been ingenious enough to overcome all of them. + +Unfortunately, if they had, no one had noticed. There were projects, but they were all proof of concept. They were plagued with the same problems as Bitcoin, just on a smaller scale. Scamcoin after scamcoin after scamcoin parted many from their money. The new wave was another round wanting to get on the bitcoin rocket despite having missed it (or so they thought). What they really wanted was a time machine. Unfortunately, there’s no such thing. + +#Part 3: The Growing Crypto Ecosystem + +NFTs have brought crypto back into the spotlight; I am personally bearish. I think the massive prices for these are mostly from more time machine seekers. But what I have seen since 2018 is that we’re not just looking at stores of value and analogs to fiat anymore. + +Take BNB. It’s a utility token with good tokenomics. But it’s a single exchange’s token. How could that ever replace the USD? ***It doesn’t need to.*** It’s simply demonstrating the value of holding the token, which offers some degree of utility. Because that utility connects to the rest of crypto, holding has historically been of high value - enough that someone would pay to hold it. + +It’s not competing in the same ecological niche as BTC or ETH. It’s coexisting. It’s perfectly fine to do *something else* and the fact that the core chains - your BTCs, your ETHs, your Stellars and Cardanos - can support something like this is almost unreal to me. It’s not alone, either. You have CRO, NEXO, and other exchange coins doing the same. + +I think this shows that something is happening. I don’t know exactly what, and I suppose no one will truly know except in retrospect. + +#Part 4: The Future + +In my opinion, the baby is still not yet ready for primetime, so to speak. Crypto now is like an embryo - it’s getting specialized segments with some morphological differentiation, but it’s not capable of thriving without continuous input from its supporters. Ethereum is rocketing up but as it does, transaction fees go with it. They may lower in the future but as it stands, the retail investor gains nothing for small dollar spending. ETH seems to be finding purchase in the smart contracts domain; I think it too will have to adapt to be faster and cheaper or yield that it will never become a true currency. + +I think that in order for everyone to accept a new way of spending, they’re going to need to be able to spend frivolously and impulsively without punishment. They’re going to need quick withdrawals and transfers. Transaction speed is crucial in finance; a difference of a few minutes can change everything, as we have seen with countless coins. + +I know that other chains are working on their own projects. The ecosystem is still very disconnected in many ways. I’m not sure we’ll never see another bear market but I do know that the more the ecosystem adapts and learns from the failures of previous iterations, the safer the environment will become. + +The log graph of BTC’s price looks like a square root function and it’s starting to plateau, but because it’s a logarithmic graph, even a plateau means a fluctuation between orders of magnitude. I think there’s at least one bull run left. + +When all is said and done, will this all have been a collective delusion by us? Or will we be vindicated? No one can perfectly know the future; all we can do is approximate it. At the very least, I think very strongly that we are not in the last cycle. That makes me feel good about the future, even though I know hard times may come. + +#tl;dr + +number go up at least one more time + + +**TL;DR:** + +* **RSA, which owns 55 Water Street where the DTCC is located, and David Bronner have been criticized for failing to include an independent fiduciary counsel for RSA.** +* **Alabama Policy Institute argues that RSA has been losing money for pensioners; this echoes calls by many saying that Bronner is making money and investments (golf courses, hotels) off public money.** +* **55 Water Street was purchased in part due to a buyout, but largely as a result of a sting operation against the NYC Italian mob. NYC's then District Attorney Morganthou had links to Alabama.** + +\--------------------------------------------- + +[https://www.reddit.com/r/Superstonk/comments/npkdao/dtcc\_building\_55\_water\_street\_1110\_pm\_est\_nyc/](https://www.reddit.com/r/Superstonk/comments/npkdao/dtcc_building_55_water_street_1110_pm_est_nyc/) + +Credit to u/viscin12 for this recent photo of 55 Water Street, the building where the DTCC is located (as well as S&P Global and more)! + +Hallo fellow apes! Today, I saw a recent comment saying that some of you weekend DD warriors wish there was some more DD or possible DD posts on weekends, and I might have something to scratch that itch along with the great posts I've already seen today on reverse repo & crypto, more drone/camera shots, etc.! + +Plus, I appreciate all the apes making DTCC memes on David Inggs and the like. + +&#x200B; + +https://preview.redd.it/i7um52tyc3571.png?width=960&format=png&auto=webp&s=81e24d666e14f274b5f75e21cf67b83d26255d76 + +Credit to u/Trendingmemes for this one, as well as any other Inggs memes I might have missed! + +So to introduce, I made my first post on 55 Water some time back (you can see that here: [https://www.reddit.com/r/Superstonk/comments/mwpmtw/who\_owns\_55\_water\_street\_in\_nyc\_the\_building/](https://www.reddit.com/r/Superstonk/comments/mwpmtw/who_owns_55_water_street_in_nyc_the_building/)). To reiterate that post's DD, here's some TLDR: + +* **55 Water purchased by Retirement Systems of Alabama in 1993 for $202 million. Head is David Bronner.** +* **DTCC is the largest tenant in 55 Water St.** +* **RSA filing in 2008 said "RSA is the retirement system for Alabama state and local employees. RSA does not engage outside professional money managers, but instead relies on an in-house investment staff to manage more than $30 billion in assets. At the time of the events described in this report, RSA had no policies, procedures, training or compliance officer to ensure its compliance with the federal securities laws."** +* **One article alludes to Bronner as being "the most powerful man in Alabama" and discusses RSA's other holdings including golf courses and hotels** + +As a quick note, between this (55 Water Street) and my UBS & Adoboli (just finished part 5 on 2014-2020, you can see that here "GME Player Profile: UBS | Naked Shorts & 2011's Adoboli (Episode 5: 2014-2021 The Present)": [https://www.reddit.com/r/Superstonk/comments/ntf0hl/gme\_player\_profile\_ubs\_naked\_shorts\_2011s\_adoboli/](https://www.reddit.com/r/Superstonk/comments/ntf0hl/gme_player_profile_ubs_naked_shorts_2011s_adoboli/)), **I might end up taking more time to dig this rabbit hole and may be aim for a Part 3. Alabama Reporter reported that there is a book on David Bronner and RSA by Dr. Mark Fagan called “Alabama’s Public Pension Fund Growth and Economic Expansions since 1972” that I will try to get my hands on to add more to this series.** + +Without further ado: + +\---------- + +&#x200B; + +https://preview.redd.it/3mwf8bv0j3571.png?width=475&format=png&auto=webp&s=2a143bdf753127a7294c488aa0b7fd8731d724da + +# 0. Introduction + +*“What’s in your wallet, Alabama?”*That’s how one article “Retirement Systems of Alabama owns a Manhattan skyscraper? What else?” starts in a photo essay detailing the major holdings of RSA, the owner of 55 Water St. which houses the DTCC. + +For some more background, that article opens with the following: + +“The Retirement Systems of Alabama is one of the 20 largest internally funded pension funds in the world. The recent sale of Raycom Media, where RSA had a sizeable investment, is just the latest activity for the mammoth fund, which started in the 1970s with $500 million. Under the direction of CEO David Bronner, RSA manages three large funds - the Teacher Retirement System, Employee Retirement System and Judicial Retirement Fund. Together, they represent $36.7 billion. Altogether, RSA manages 23 funds with $41.5 billion in assets.” + +&#x200B; + +[David Bronner of RSA](https://preview.redd.it/hrv3qmg5j3571.png?width=275&format=png&auto=webp&s=9d7d9eccf3fc320edd7325d6e7c4c7e58acd1d50) + +Good to neutral things that David Bronner & RSA has done: + +* Former University of Alabama Law School Dean from 1972-1973 +* Pensions & Investments & Alabama Reporter mentions RSA, which Bronner has lead for 45 years, a now $30.9 billion fund. It says it has helped to develop the state’s economy through tourism and investment in hotels & golf courses +* Alabama Reporter reported that when he took hold of RSA, it had $500 million. According to an alreporter.com article, it was now worth $43.8 billion, **making RSA the 50th largest pension** ***in the world.*** **(Yes, Alabama.)** + +So definitely, Bronner is a big player. (Of comparison to other wealthy and/or important individuals in Alabama, in 2016, Forbes reported that the “Richest Person in America’s 50 Largest Cities in the US” was worth 600 million for the state of Alabama’s largest city. In 2018, Forbes reported that Alabama’s Richest Person in the State was worth 800 million.) + +RSA, however, is known for its great investing acumen from what we see. Pension and Investments reported on RSA in “Investments in Alabama Paying Off”, where the reporter discussed how RSA was hoping its investment in hotels would net a strong 12% return. + +&#x200B; + +[RSA Building in Alabama](https://preview.redd.it/ih6mg2y7j3571.png?width=275&format=png&auto=webp&s=7e7ad791bb04e7c13cd9f86d3c1e0bb0573a6666) + +Saying of the CEO of the then- $30.9 billion fund, “\[Bronner\] — who has been long involved in developing the state’s tourism industry through plush golf courses and luxury hotels — said when the last of the eight hotels opens early next year, the fund will have invested more than $550 million.” Even Bronner himself admitted the push for investment in real estate, particularly hotels and golf courses, was not usual: + +>**“This kind of investing is unusual for pension funds**, but Mr. Bronner believes in taking a broad view. “I have to change the state to make the pension fund go,” he said. “It’s necessary to make sure that there is economic development and an economy that can pay their pensions, otherwise the pension’s no good.”” + +&#x200B; + +[Robert Jones Trail, RSA holding in Alabama](https://preview.redd.it/3xkx7gtaj3571.png?width=1000&format=png&auto=webp&s=76f6be76a72a4df9f3d4143ab8cd250899fb7e8a) + +&#x200B; + +Alabama Reporter speaks highly of Bronner often. It mentioned that the Robert Jones Trail in particular has helped to renovate the state’s image. I mean, listen to this heartwarming vignette: + +>“The courses have made Alabama a tourist destination. It brings well-heeled northern golfers to our state for week long stays who spend untold amounts of money in our hotels and restaurants. Snowbird golf enthusiasts are locked out of their courses six to seven months of the year. They journey to warm climes of the Heart of Dixie to play these world class courses. They might look at the adjoining hole and see Dr. Bronner playing, chomping on his ever-present cigar.” + +Recall again, 55 Water is listed as a huge entity for RSA. In “Retirement Systems of Alabama owns a Manhattan skyscraper? What else?”, it says “The largest commercial office building in Manhattan, RSA purchased the property in 1993. The 3.8 million square feet of rentable space is now worth $1.5 billion, and generates more than $155 million in revenue a year.” 55 Water St. is pretty much RSA’s biggest and most important holding. If you Google them (or let's say, much better DuckDuckGo them), you will see the word "RSA" and "55 Water Street" together often. + +\--------- + +&#x200B; + +https://preview.redd.it/e5wf7qsdj3571.png?width=1920&format=png&auto=webp&s=274bf01594d2807e0fa151a0698eb8f0919b62dc + +# 1. A Polite History of 55 Water St. (1960s to 1990s) + +NYT’s Alan Oser wrote in “Downtown is Looking Up” about 55 Water’s history: + +“Its saga began in the late 60's when builders were taking advantage of a widening of Water Street that the City Planning Commission initiated specifically to direct office growth in the financial district to the eastern rim of lower Manhattan. The Uris brothers -- Percy and Harold -- were the builders. + +>**With a total of 3.6 million square feet of space, it is the** ***(then, emphasis OP's***\*\*) second largest privately owned office building in the country, behind Sears Tower in Chicago, which has 3.8 million square feet\*\*. + +Remember again, this was 1993, around the time Trimbath (Queen Kong! OOK OOK!) was yelling deuces to the DTCC. + +&#x200B; + +&#x200B; + +[Queen Kong!!!](https://preview.redd.it/mnqqe7rgj3571.png?width=480&format=png&auto=webp&s=ccd0c7061a58fba2960e9be084a2c0f3db0ede6c) + +>The vacancy rate climbed as high as 40 percent -- about 1.5 million square feet in 1993 -- with move-outs by big investment firms. Olympia & York, no longer in a position to get the financing to carry out the asbestos removal and other major improvement work necessary to attract or hold major tenants, relinquished the ownership to its bondholder-creditors. **The largest one, the Retirement Systems of Alabama, bought out the other bondholders.** +> +>A key goal was to win a renewal lease in 1995 from the Depository Trust Company, a longterm tenant, said Edward J. Kulik Jr., director of the investment management division of Jones Lang Wootton U.S.A., who is in charge of leasing. Depository Trust renewed to the year 2018, taking an additional 180,000 square feet for a total of 500,000 square feet, Mr. Kulik said. + +\[Regarding one such deal at 55 Water. I will need to clarify this in an edit\]: "Expressing optimism, Brian Given, the broker in charge, said that as soon as Standard & Poor's signed at 55 Water Street, ''we became the only building in the state of New York that can offer a million-plus square feet under one roof.'" + +\---------- + +&#x200B; + +https://preview.redd.it/yy50rh0oj3571.png?width=290&format=png&auto=webp&s=19c66ad2e3c8df5d8c6b6a2788c9953781e98043 + +# 2. A Closer Look at 55 Water: RSA and the Building in the 1990s-Early 2000s + +Referencing the same article, NYT’s Alan Oser wrote in “Downtown is Looking Up” about a lease agreement at 55 Water that helped to revitalize the area. It opens the article stating “The 55 Water Street saga is only the latest example of a comeback, building by building, of prime properties that took heavy blows from bankruptcies, contractions, restructuring and move-outs in the early 90's. Some buildings have been able to use the period, sometimes under changed ownership, to put themselves in position to compete for major tenants when the market improved.”Harold McGraw III (of McGraw-Hill, as in USA school textbooks) finalized the deal with Bronner for 15 floors over 20 years. **The owner was New Street Corp, an affiliate of RSA.** This all sounds like a boring deal. **The article mentions that the property was given up by Olympia & York Properties, a Canadian development company headed by the Reichmann family in Toronto, to its creditor-bondholders in the early 90s. F**rom that time, vacancies went from 40% to 2%. + +John Powers, who advised McGraw-Hill, stated that there is a “flight to quality” during a real-estate recession. Among the corporations that had originally been looking at 55 Water leasing was Goldman Sachs. Eventually, they opted for 10 Hanover Square, and the space went to Standard & Poor’s (S&P, a la SPY). + +According to the NYT, around that year of 1993, brokerage reports showed “seven of the 10 largest recent leasing deals have been in the so-called Financial East district on or near Water Street.” 55 Water St.’s renewal in the wake of the deal brought it up to a Class A building.*(As a quick follow-up, I will also reference later an ape's comment to me that this seems to be semi-normal, and that other pension funds and the like from other states also own property in Midtown NYC/Manhattan.)* + +&#x200B; + +[55 Water post-renovations in more modern times](https://preview.redd.it/66naemrqj3571.png?width=1530&format=png&auto=webp&s=9fe282e726d7864c40ce202c13f3cae0a7ebacc0) + +RSA, as discussed in my 1st post on 55 Water, had done a great deal of restoration for the building. The Decatur Daily reported that the building had a plaza built next to it in 1985, but that RSA helped to fundraise in 1999 and renovate the plaza in 2001. It served in part to honor Vietnam Veterans from NYC there. They also honored RSA and Bronner for this: + +>“Friends of the Vietnam Veterans Plaza presented Retirement Systems CEO David Bronner with its second Honoree of the Year Award at a luncheon in New York. The first recipient was former New York Mayor Rudolph Giuliani. Harry Bridgewood, chairman of the group, said the award to Bronner was really to the people of Alabama for their support in making the plaza "one of the more beautiful spaces in the city." \*\*State taxes support the Alabama pension system run by Bronner...\*\*Marc Reynolds, deputy director for the Retirement Systems, said Thursday that when the pension program bought the office building it came with an obligation to maintain the plaza.” + +\-------- + +&#x200B; + +https://preview.redd.it/971m6ciuj3571.png?width=1400&format=png&auto=webp&s=7b3efc3482d48b431be343a7c011d52a3f624f51 + +# 3. A Closer-er Look at 55 Water Street: RSA, David Bronner in the 2000s-2020s + +Bronner & RSA have not been without issues. To name a few: + +1. RSA was a backer of a luxury movie chain iPic, and eventually was part of lending a $16 million loan to the company dealing with bankruptcy. (Need more info on this, need more access to the article and relevant sources). +2. **Bronner was part of the push to oust then CEO David Siegel from his position in US Airways in 2004.** +3. Mike Cason of al.com reported in “David Bronner opposes board move to hire own attorney” that a board meeting in the past few years had a proposal for the RSA to hire a lawyer--an independent fiduciary counsel--die on a contentious 6-6- vote. + +On that vote (note I will quote heavily from this as feel a lot of great information): + +>**“The proposal called for the lawyer to help write a code of ethics related to companies that RSA has a stake in as a private equity owner or as a lender. RSA designates one or more corporate board members for a few of those companies in which it has so-called "private placement" investments, meaning they weren't made through a public stock market or bond market. Supporters of hiring the independent counsel said they wanted a code of ethics to prohibit RSA-appointed members to those corporate boards from enriching themselves through dealings with those companies. The code would also apply to RSA employees.** +> +>"We consider it of the utmost importance, as well as part of our fiduciary duty, to ensure that anyone associated with RSA assets to be free of conflicts," ERS Board Vice Chairwoman Jackie Graham said in a statement at the board meeting.” + +So we have the RSA, owner of the DTCC (an SRO, or self-regulation organization) and its building in 55 Water Street, pushing for lack of regulation and wanting to continue to act like an SRO itself. The apple doesn’t fall far from the tree? + +More on this article, since I think Cason covered a lot of great info. He really catches Bronner’s view on this (note that I have adjusting the order of some of the sentences from the original article): + +>**“"How the hell am I supposed to sit here and run an organization and have two different lawyers telling me two different things?" Bronner said in an interview after the meeting. "How dumb would that be?"** +> +>Bronner, who has led the RSA since 1973, said it would be unworkable for the ERS Board and the RSA to have separate legal counsels. RSA has a staff of lawyers led by General Counsel Leura Canary. +> +>**Bronner said he was not opposed to a code of ethics but questioned the need.** He noted that he and RSA employees are bound by the state ethics law, which prohibits using their state position for personal gain. Bronner said corporations have audit committees and disclosure requirements that scrutinize business relationships with corporate board members. But Deputy Revenue Commissioner Stewart said he would like to have an ethics code that would not leave it up to the corporate entities to settle potential conflicts involving RSA-appointed board members. +> +>**"If it were me, whether required by state law or not, I would say that if you are representing us on one of these boards, you should not have any business dealings with that company, none at all," Stewart said. "Even if they are disclosed. Even if they are at the same price that everybody else could do."** +> +>The dispute has simmered for several months. **Some board members said they were surprised to learn that Bruce Hodges, a long-time associate of Bronner, received commission for insurance sold to New Water Street Corporation, an RSA-owned company that owns 55 Water Street, the largest office building in New York. Hodges also served on the board for New Water Street. Hodges resigned from the New Water Street board and several others affiliated with the RSA after questions arose.** +> +>In a memo to board members in September, Bronner said Hodges resigned to avoid any appearance of a potential conflict of interest. **Bronner said Hodges has been a valuable resource for RSA through his insurance expertise for decades. He said Hodges discovered that RSA was receiving $250 million in insurance for 55 Water Street while paying for twice that much and was integral in collecting large claims for damages to RSA properties caused by Hurricanes Katrina and Sandy.** +> +>Canary said she's had outside lawyers with expertise in the field review the draft code of ethics. She said she is open to suggestions from the ERS Board but has received none. +> +>"I would like to see the people who sit on these boards have a code of conduct on how they operate and how they have to approach their positions," Stewart said. "Maybe they all approach it that way anyway. **But I would like to see that written in a code. And for the staff attorney to tell us that's not necessary, or to write a code or to have a code drafted that to me look like it's got holes in it, I would at least, before I accept that code, run it by somebody that I consider not conflicted."** + +&#x200B; + +&#x200B; + +[RSA logo](https://preview.redd.it/hnrqo1lzj3571.png?width=200&format=png&auto=webp&s=481e4bc64b785a661d771fa19bb0ef01157a7a94) + +To reiterate some of the biggest parts, **we have some questions about Bruce Hodges, a long-time associate of Bronner, receiving commission for insurance sold to New Water Street Corp., which is affiliated with Bronner and RSA. A wave of resignations came out after this information was disclosed to the public. Not only that, but Bronner is pushing for big “go fuck yourself” energy on an independent board to review RSA’s holdings and conflicts of interest.** + +So there have been some major concerns about RSA in recent years despite some great returns for Alabama’s pension fund and more.I tried to look up some more criticism on RSA and found this opinion piece that offered some interesting threads to pull further. + +&#x200B; + +https://preview.redd.it/j79g8bd3k3571.png?width=2048&format=png&auto=webp&s=8c128e05c195628d7b0205aec7ad84ec0ee29066 + +In Yellowhammer’s (Yellowhammer says in its "About Us" on its website that it is Alabama's 2nd largest media outlet) “How an Alabama state employee built a billionaire’s lifestyle in a taxpayer-funded job (opinion)” by writer Cliff Sims, the author speaks about Bronner. It opens: “According to Forbes Magazine, Alabama is currently home to exactly zero billionaires. **But if you spent a day with the state’s highest paid government employee, you might assume Forbes must have overlooked something.”** + +It proceeds with a very unflattering tone on Bronner and RSA. I can’t do most of this justice as summary, so here are some of the biggest things that the author says (Note, I am still trying to group the Alabama Policy Institute paper referenced): + +“From a palatial office overseeing downtown Montgomery, Bronner manages the pension fund for employees of the state of Alabama, including teachers. **Through some early successes and some crafty propaganda — much of it published in the RSA’s own newsletter — Dr. Bronner’s reputation as an investment wizard has endured, even as his pension fund has deteriorated to the point that Alabama taxpayers are compelled to contribute roughly $1 billion per year to prop it up.** + +>**A research paper published by the Alabama Policy Institute last year estimates that the collective Retirement Systems of Alabama (RSA)—the Teachers Retirement System (TRS), Employees Retirement System (ERS), and Judicial Retirement Fund (JRF)—have $29.4 billion in assets, and $44.6 billion in liabilities.** +> +>**In other words, the RSA is** ***short*** \*\*(\*\****chihuahua meme intensifies)*** **for current and future retirees by $15.2 billion.** According to the paper, between 2003 and 2013 the unfunded liability for the RSA grew from a manageable $2.1 billion to the $15.2 billion it is today—putting each of Alabama’s 4.8 million residents on the hook for $3,166, or $8,724 per household. +> +>“This massive $13.1 billion increase in RSA’s unfunded liability equates to an increase of over $1.3 billion per year, $109 million each month, or nearly $4 million for each day that elected officials did nothing to fix this problem,” the paper detailed. “For a bit of perspective, the total current debt outstanding for the entire State of Alabama (every public school building, every public college or university, every road or bridge, every economic incentive, the Port Authority, Mental Health, the Revolving Loan Fund, the Tobacco bonds, all of the state’s general obligation and revenue bonds) is only about $8.8 billion or $4,786 per household.” +> +>**This year alone, the state must send nearly $1 billion to the RSA, or 12 percent of the education and general fund budgets combined, making retirement systems contributions the second largest budget item after education.** +> +>RSA has dismissed the study as fear mongering. But the fact remains that RSA’s investment returns are not high enough to keep up with its obligations. +> +>**In the midst of it all, Dr. Bronner has built for himself a lavish lifestyle that far exceeds his roughly $600,000 taxpayer-funded salary.** +> +>**An avid golfer, he has used RSA funds to build golf resorts around the state, which lose roughly $20 million per year.** Resort employees told Yellowhammer on condition of anonymity that Dr. Bronner is a frequent and demanding guest in the hotels’ priciest suites. +> +>Dr. Bronner has dismissed the financial losses by saying the golf courses and resort hotels attract tourism dollars to the state that are not directly reflected in their bottom line. **Critics have responded by saying that even if that is true, it is his job to get the largest return possible for state employees, not to use their pension fund as an economic development loss leader.** +> +>**The golf courses’ logo also appears on two private jets that Dr. Bronner uses to travel all over the country, rather than flying commercial.** + +&#x200B; + +&#x200B; + +[Per Yellowhammer the type of private jet that RSA\/Bronner uses](https://preview.redd.it/b0ab1d56k3571.png?width=820&format=png&auto=webp&s=26b51ccecc643df5df946da561e6c9468cb24354) + +Of note, Sims and/or Yellowhammer has asked RSA General Counsel Leura Canary for flight logs on the jets. + +“RSA does not own any jets and consequently has no flight logs,” she replied. When pressed to explain the use of the jets, Mrs. Canary said they are owned by RSA investments Raycom Media (sound familiar from the beginning of this post?) and CNHI. She also provided an opinion from the state Ethics Commission that said Dr. Bronner traveling on the plane is “analogous to using a state car for business travel.” + +Y**ellowhammer replied by pointing out that if traveling on the plane is the same as using a state car, as the Ethics Commission wrote, then travel records should be made available to the public. They are not.** + +&#x200B; + +[Interior](https://preview.redd.it/p4c0gc39k3571.png?width=820&format=png&auto=webp&s=06b37897e34aca3f91d40e52bae28823789e52d5) + +“Additionally, why not fly commercial — even if it’s business class?” Yellowhammer asked. “The cost per variable hour on those planes as $2,639.41. That makes a trip to NYC (approximately) $15,000 or a flight to Palm Beach $8,000. Meanwhile, the rest of us could fly to NYC for $400.” + +Mrs. Canary’s response was that, “The flight logs of a private corporation are not subject to the Open Records Act.” + +**She also insists that flying private actually saves RSA and its investments money.”** + +**To reiterate, the Alabama Policy Institute says that RSA is not doing nearly as well as it says it is, and is actually short the money needed for Alabama’s state pensioners. Furthermore, Bronner and RSA make full use of a private jet as a way to save money for RSA and its investments...somehow.** + +The piece further discusses how RSA’s proposed calculations on saving itself money are baseless, and says Bronner--in the author’s opinion--considers himself to be his own Warren Buffett. The author mentions quote stating that Bronner told the Alabama State Employees Association in a speech that the Koch brothers were coming for their pension. The author then adds near the tail end of their piece: + +&#x200B; + +>“Here are the facts: +> +>**The RSA’s investments will return about 1% this year. The golf courses lose about $20 million per year. Alabama taxpayers are forced to contribute roughly $1 billion per year to the system to keep it afloat.** +> +>**Meanwhile Dr. Bronner is traversing the country in private jets and spending his time in luxury hotel suites and on golf courses funded by RSA investments, and dolling out bonuses to his investment staff ranging from $3,371 to $51,199.** +> +>**His explanation for the bonuses was that they were necessary to keep his employees from leaving for the private sector.** +> +>“They’ll stay awhile and they start getting hungry for the real big dollars and they leave me,” he said. “So we came up with a method.” +> +>So why isn’t Dr. Bronner any different? He is making just shy of $600,000 per year. Couldn’t he make much more if he jumped to the private sector? +> +>Perhaps. +> +>**Instead he opted to build a billionaire’s lifestyle without the risk of doing it in the private sector, where 1% returns wouldn’t buy the jets and all the fancy resorts.** +> +>**The Alabama legislature is currently wrestling with much-needed reforms to the state’s public pension system, and some lawmakers are considering legislation that would make the RSA a much more open and transparent entity.** +> +>Such reforms should be no-brainers for the Republican supermajority.” + +I have yet to verify all of the claims above with other sources as much borrows heavily from that API paper--remember, this is an opinion piece--but the author states that Bronner is living high on public pension money and this should be raising red flags to many in the Alabaman state legislature. + +\---------- + +&#x200B; + +https://preview.redd.it/dp9r49mck3571.png?width=500&format=png&auto=webp&s=d73d9051f5ad5a9e8d5f6933889384c39bb5ec0f + +# 3. An Even Closer-er Look at 55 Water Street: 1993 + +One of the biggest things that drove me to add to this Part 2--despite, sad face, not many reading the first post--was that in searching for info on 55 Water St, I came across a NYT article reporting on the 1993 deal for the new building in the NYT. I will add that when I can find it again, but the article hyperlinked to a part of 55 Water Street’s webpage that had no info (but was supposed to reference the 1993 deal). It was definitely full-on Streisand effect, why can’t I find anything about 55 Water Street and 1993, when it moved into this giant new building?I can’t say the hyperlink issue is necessarily nefarious. To quote dlauer, don’t attribute to malice what can be explained by stupidity. I remember I had another semi-recent post (*Any apes got historical Volkswagon short squeeze footage?* :[https://www.reddit.com/r/Superstonk/comments/mny2vo/any\_apes\_got\_historical\_volkswagen\_short\_squeeze/](https://www.reddit.com/r/Superstonk/comments/mny2vo/any_apes_got_historical_volkswagen_short_squeeze/))asking for videos of the VW squeeze and found few existed. I posted that CNBC has 3 dead links that had non-working videos about the squeeze, but it could attributed more to server laziness and the like than nefarious reasons. + +Anywho, I kept digging for more about that 1993 deal. And found something juicy. + +So remember this quote from earlier in this post? + +>Harold McGraw III (of McGraw-Hill, as in USA school textbooks) finalized the deal with Bronner for 15 floors over 20 years. The owner was New Street Corp, an affiliate of RSA. This all sounds like a boring deal. The article mentions that the property was given up by Olympia & York Properties, a Canadian development company headed by the Reichmann family in Toronto, **to its creditor-bondholders in the early 90s.** From that time, vacancies went from 40% to 2%. +> +>**The vacancy rate climbed as high as 40 percent -- about 1.5 million square feet in 1993 -- with move-outs by big investment firms. Olympia & York, no longer in a position to get the financing to carry out the asbestos removal and other major improvement work necessary to attract or hold major tenants, relinquished the ownership to its bondholder-creditors. The largest one, the Retirement Systems of Alabama, bought out the other bondholders.** + +Polite. Almost, *too* polite. Don’t worry, fellow apes, if you were hoping for more fuckery than do I have the story for you. + +In 2019, Casey Tooner wrote an article. (Ok, cool?) + +The admittedly fun title? “When the RSA bought a skyscraper, smashed the mob, and launched an empire.” + +&#x200B; + +[Pictured: not asbestos](https://preview.redd.it/db0ksacgk3571.png?width=1280&format=png&auto=webp&s=a6c079afdbff79f02515336bb328e4845da73ce7) + +Asbestos? No no no dear ape. The secret ingredient isn’t asbestos; in 1993, it really was crime. + +I mean, this is really a crazy story. **Tooner writes that 55 Water Street was purchased for a fraction of its worth** in part due to Harry Bridgewood, an undercover NYC cop who co-owned a sporting goods store with 2 other cops and shared an orange juice delivery route. This undercover cop ended up going, well, undercover under the name Paul Vasil while wearing a wire, and “would coordinate bribes and rig bids with V. Ponte & Sons.” + +**Former NYC District Attorney Robert Morgenthau helped lead Bridgewood as part of these stings. Another fun fact? “Morgenthau has deep Alabama ties and had previously collaborated in the past with Bronner, who signed off on the project.”** + +&#x200B; + +[NYC DA Morgenthau](https://preview.redd.it/2ljy58qik3571.png?width=600&format=png&auto=webp&s=b9a07de3c7a15919b30a4203a2111bfdc002f83b) + +**So in 1992, there was a takeover by Bronner and Co. after former owners defaulted on $538 million worth of loans. RSA was the largest holder of the loans at $100 million worth, and bought the rest for 29 cents on the dollar.** + +**55 Water Street was mentioned as being a building “in desperate need of repair and beholden to a number of criminal forces**.” One of the largest criminal forces there was a garbage collection firm that had contracted there for over 20 years. **That firm had major connections to the Gambino and Genovese crime families, the Italian mobs that were a big part of NYC’s crime underbelly.**There were definitely some interesting facts to this story: “**Bronner recalled a tiny flower garden in the building that one man was paid $50,000 a year to water.** There was also a ghost payroll scheme where 15 union members were charging the building for the work of two non-union immigrants.” + +So how does this relate to the purchase of 55 Water?Morgenthau buys Bridgewood a suit, he goes undercover as Vassil, says was there was as the new owner to renovate the building. This meant rebidding service contracts, which then drove the mob out. They were then able to catch them in the act of bribing: + +>Bridgwood met with Vincent Ponte, the son of Angelo Ponte, the former head of what once was New York's largest garbage-hauling company. During their meetings, Ponte slipped Bridgwood two envelopes containing $5,000 worth of cash to keep the contract with the skyscraper, and later to see the bids at the last minute so that his firm could undercut them. Then, the police swooped in. A total of 34 people, 34 companies, and four trade waste associations were indicted as part of the five-year investigation...Interestingly, Morgenthau noted that it "took the Retirement Systems of Alabama to stand up and do the right thing." + +After the investigation, Bridgwood was kept on, and “In his permanent role, Bridgwood helped attract big name tenants such Standards and Poor's, the NYC Department of Transportation, and communications firm Bowne & Co.” + +Reiterating the importance of this deal, Tooner notes the following: + +>“Millions of dollars of proceeds from the skyscraper flood into the RSA coffers annually. Perhaps more importantly, the building's success gave them a seat at the table for bigger business deals to come. It cleared the path for future RSA investments ... **"It's definitely the best investment the Retirement Systems of Alabama in its history has ever made," said Marc Reynolds, a longtime RSA deputy director who was fired from the RSA in 2012. "It was like someone going to the dog track and winning big money and you're hooked and you think it can do it every time."** + +Once again, it begs the question: + +&#x200B; + +https://preview.redd.it/0vwmaey1j3571.png?width=475&format=png&auto=webp&s=fb82bdcfbffc7728d5a3e85b33349023986312f5 + +&#x200B; + +**TL;DR:** + +* **RSA, which owns 55 Water Street where the DTCC is located, and David Bronner have been criticized for failing to include an independent fiduciary counsel for RSA.** +* **Alabama Policy Institute argues that RSA has been losing money for pensioners; this echoes calls by many saying that Bronner is making money and investments (golf courses, hotels) off public money.** +* **55 Water Street was purchased in part due to a buyout, but largely as a result of a sting operation against the NYC Italian mob. NYC's then District Attorney Morganthou had links to Alabama.** +I joined a pre IPO tech company 9 years ago and it has gone public. From time to time I think about jumping to another pre-IPO company for something more exciting and higher upside. But due to stock rising, my TC is now over $2M for at least the next 3 years. Industry pay at FAANG is $650-850k for my role. + +If going to a private company, how much higher TC should I target to make it worthwhile to leave? Assuming it's even possible that they match my current comp with their private stock. I am mostly thinking about late-stage companies that are close to IPO, maybe even this year. Of course it might not go as planned but hope that if it does, I could manage to multiply my current TC even more. + +WLB is relaxed at my current place and culture is good. But opportunities to grow look limited and it's not the most stimulating anymore. + +Current NW $4M, in my early 30s. Low expenses around $100k/yr for now. Targeting $15M. + Posting for [u/MauerAstronaut](https://www.reddit.com/user/MauerAstronaut/) . Link to original post: [https://www.reddit.com/r/DDintoGME/comments/pf2rko/about\_that\_trimbath\_tweet\_otc\_trades/](https://www.reddit.com/r/DDintoGME/comments/pf2rko/about_that_trimbath_tweet_otc_trades/) + +# [𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1) + +*Disclaimer: This post does mention bankrupt companies. I am not telling you to invest, quite the opposite.* ***In*** ***Ape: The bananas of the companies mentioned here are poisonous, stay away.*** + +I was investigating what apes call "baskets", and in the process I discovered a company, Washington Prime Group (WPG). They defaulted in February, and the dates are clearly visible in their chart. + +&#x200B; + +https://preview.redd.it/nh4nq80dspk71.png?width=1012&format=png&auto=webp&s=ee24f5a17e076c8be2a94d96f930234ca304cd2e + +Chart from Tradingview. + +I bet you got distracted by these other movements, didn't you? Peak on the 27th of January, YTD low just before March with big volume right after. Drop after March 9th, then a spike in June with massive volume---they traded more than 5 times their shares outstanding that day---until you know which date. + +Fascinating. Imagine my senses tingling when Susanne Trimbath made her Tweet, asking what rules exist as to who can trade delisted companies OTC and how. So wanting data I did a quick websearch, only to be mocked by a [fool](https://www.fool.com/investing/how-to-invest/stocks/delisted-stock/). The stock they used as an example is Sears Holdings. There is a chart in there, but it's over the span of several years. So I took the liberty of pulling a YTD chart of Sears, a company that was delisted years ago, for you. Here it is, in all its glory. + +&#x200B; + +https://preview.redd.it/5zleurwdspk71.png?width=1012&format=png&auto=webp&s=2a6c2d84c1a125918df3439ce54845b9313de7b5 + +Image from Tradingview. + +Ryan Cohen made his Tweet with a Sears building torn down on the 3rd of June, in case you were wondering. + +Blockbuster: + +&#x200B; + +https://preview.redd.it/1dsrbcuespk71.png?width=1012&format=png&auto=webp&s=b7f1bef5f73532f2e5432e5dacda0739ffb3b8bd + +Image from Tradingview. + +Edit: Incase you have questions, I have elaborated a bit in this [comment](https://www.reddit.com/r/DDintoGME/comments/pf2rko/about_that_trimbath_tweet_otc_trades/hb1g981?utm_source=share&utm_medium=web2x&context=3). +I live in a century+ home and I'm gearing up to finish the basement (super old stone foundation without a footer). + +Turns out they can go however deep I want... Anyone done this? Is it worth it to go for the full 10' ceiling height in a basement? + +Any tips on making a basement feel like a real nice space? Windows are hard due to the whole basement thing - anyone found reasonable fat solutions for lighting and making a basement feel not so much like a basement? +Nowadays there are many newly rich people who became suddenly wealthy due to a sudden inheritance, cryptos or selling their own startup company. What advice would you give to such a person? For example, regarding their own behavior, dealing with other people, and so on. + +Personally, this topic also concerns me, although I'm still a few years away from FatFire and I've only reached ChubbyFire for now. I come from the average European middle class family and was simply lucky. I actually thought I could just keep doing what I was doing, but I had imagined that would be easier than it really is. In the past, I used to talk about stocks with my family from time to time and was made fun of. Today, there's a certain amount of envy involved, and there are strange comments like "*When you have money, everything is easier!*" or "*I'm glad it's working out so well for you! You're going to be my kids' favorite aunt. Wink wink.*". I guess at a certain point, you just shouldn't talk about finances. Or travel. Or nice restaurants. Too bad, really. + +There were also a lot of topics I would have absolutely no idea about without this subreddit. Honestly, as someone who doesn't know any other wealthy people or have found forums to read up on, this subreddit is an incredibly useful reference tool! I learned so much about property search, budgeting, private banks, property management, hiring helpers, vacation recommendations and much more. Thanks for that! + +Are there any tips you'd like to share? Are there pitfalls to avoid? Or tips on how best to survive? Anecdotes from your beginnings, from your mistakes? +$PIT is safe by design. It is an ownership-renounced token with each buy and sell automatically contributing to a liquidity pool that is locked forever. It is impossible to modify Pitbull’s contract , and it is impossible to pull liquidity from it, which makes the project one of the securest all over BSC. The team behind Pitbull is a fully volunteer team since beginning. As it comes to burning, because of the safe contract concept, there is no manual burn. As a community-driven project with no dev/team wallets, the volunteer Pitbull Team opted to create a community wallet that members can donate in order to further build the project. Listings, shelter donations, advertisement expenses are met by this community funds. Pitbull just shared the new roadmap with the community: + +# Roadmap: + +The new roadmap marks the start of a New Chapter for Pitbull. It is incredible what's planned for the future. The roadmap is also featured on Yahoo Finance: + +✅**PitSafe Dapp** Integration of **ETHEREUM, KUCOIN, SOLANA, CARDANO, & POLYGON CHAIN** + +✅Listings on **Tier-1** Exchanges + +✅**PitMag** (Pitbull Magazine), The First Communication Media by a Token with a Unique Concept + +✅PIT Telegram **PriceBot** Launch for all Crypto Projects + +✅Release of Pitbull's First **Premium NFT Collection** of Special 3D Character cards + +✅**Marketing Push/ Campaigns** + +✅Press Releases on Top News Networks & Wires Globally + +✅Influencer Deals & Long -term Collaborations + +✅**PitDiscorvery** Dapp Launch, Research Tool for Crypto Projects + +✅Listing $PIT on Dex, Swaps & Pools + +✅Strategic Partnerships + +✅**PitStop** Performance Upgrade + +✅**PitCharts**, Product Ads Submits + +✅Multiple **PitBurn** Events + +✅**Pitbull NFT Collaborations** + +✅**Whitepaper Update v2.0** with New Developments & More Language Options + +✅Partnerships & Donation Events with Shelter & Animal Hospitals in Worldwide + +✅Production of **PIT Merchandise** + +✅**PitStore** \- Merchant Website Launch + +✅\*\*%60 of Total Supply\`s Burn\*\* with Transactions + +✅**New Innovative Pitbull NFT Series** + +✅Pitbull **Staking in DEX and CEX** + +✅**PitGames** Launch + +✅**PIT PlayToEarn Gaming Model (PIT P2E gaming system)** + +✅**PitGames** Integration into **Metaverse -** In **Augmented Reality (AR)** & **Metaverse** user can get real life rewards or use rewards as **donations to vet clinics or animal shelters** globally. + +✅**Online PIT Payment** Options as a Real-world Currency & Shopping with **Credit Card** + +✅PIT's Evolution into **Governance Token** + +# What is already done + +After more than 7 months, it is incredible what the team of volunteers has achieved. + +✅ Built an own ecosystem with PitSafe, PitSwap, PitFarm, PitStop with PitLottery and PitCharts + +✅ Hotbit listed + +✅ LATOKEN listed + +✅ Cointiger listed + +✅ Indoex listed + +✅ WhiteBit listed + +✅ Tao finance, pig finance partnerships formed + +✅ Donation shelter pools + +✅ Website redesign + +✅ Partnership with UniTrackerApp + +🔐PitSafe: PitSafe is a comprehensive BSC DeFi Asset Manager where investors who have $PIT in their wallets can obtain in-depth information about each token on the Blockchains. PitSafe offers exciting products for token developers and investors. + +🔁PitSwap PitSwap is the place where you can BUY $PIT via the right way; V1 + 6% slippage. PitSwap will be our new place to buy and sell $PIT. No more annoying disclaimers from PanCakeSwap about the V1/V2 problem they face. PitSwap will be using PanCakeSwap V1, which uses the right liquidity pool. + +🏠PitFarm PitFarm is the place where you can stake PIT-BNB V1 for points to redeem official Pitbull NFTs, or buy them straight out. These NFTs can be traded in the marketplace, and the sales will go towards the Pitbull community fund and artist as a minting fee. The funds raised will go towards charity, project development, and burning Pitbull tokens. + +⛔️PitStop: A one stop place where you can see charts, track your earnings from holding tokens & much more + +💸PitLottery Pitlottery is a unique game\~lottery where users can win more $PIT tokens by purchasing tickets with their $PITs. It will be a lottery platform rebase on Binance Smart Chain. + +📈PitCharts PitCharts is a tool to track your coins and their prices. + +🚨🚨🚨What makes it even more exciting is a little outlook into the future. Pitbull will enter the metaverse and take its first steps into the play-2-earn arena. There is also a new NFT Collaboration and a new NFT Collection will be available soon. Another Product in the ecosystem will be PitMag. PitMag is a Magazine where you can find latest news about cryptocurrencies and blockchain. Be excited! + +DYOR as always. If you want to know more, you can read more here: + +Pitbull Contract(v1): 0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 + +TG: [https://t.me/Pitbull\_BSC](https://t.me/Pitbull_BSC) + +Website: pitbull.community +We are built different and taking a step away from the “fcked up BSC mentality” + +sonicgrowsquidelonbitcoininu name will be over the space. Community is getting larger and the chart is getting so bullish ATH after ATH. Floors increase with a low tax of 6% in every transaction. + +Stealth launched on Binance Smart chain to prove that it will be from the bottom to top! The chart speaks for itself. LP is currently locked for 2 months to secure its investors. Its name is one of the most bullish meme tokens living at the moment. We have seen it many times, these names are all over the space. Just by the name you can confirm this will do good. It appears to be funny with a weird name but people loved it as they can see the community is like a family. Total Supply: 1,000,000,000 is a bullish count to reach its 1$ cost price per token. Its symbol is "1B" and it depicts a lot. A vision to create a space with a good environment of investment and make each other investors earn money. It has a bullish chart and never stops growing. One group is available at the moment, on the telegram attached below. It is an international movement. 1% of its taxes goes to the liquidity pool to help the chart's volatility and away from big whale manipulation. 1% goes to development. This includes the project's utility funding, hired personnel to do their job right and just, and building the project's fundamentals. 4% of the total taxes goes to marketing. It used to pay influencers, promoters, advertisements, and partnerships. This is a never ending progression TO THE MOON AND MARS. Community is creative and for sure can make a massive footprint that will live forever as a good token and a good community. There is no late investment for sonicgrowsquidelonbitcoininu. All bullish names in one universe, in one community, in one chart. + +Everyone wants to believe in something. Enter memes, the supposed future of money according to enthusiastic crypto investors and, of course, Twitter. The term “meme” comes from Richard Dawkins’ 1976 book “The Selfish Gene.” A genetic meme, as described by Dawkins, is a gene that copies itself and proliferates throughout the species by way of Darwinian natural selection. A cultural meme is, similarly, a behaviour or idea that spreads throughout a culture even faster. If I share a joke with you and you share it with your friends, we create a ripple effect until the joke is known on a collective level, changing the species forever. Meme coins are all the rage in the crypto market. These cryptocurrencies have taken the world by storm with popular public figures backing them for long term viability +And when that joke is attached to an exchangeable value, it can theoretically become an actual currency. Whether the hype is warranted – and whether meme coins will actually have any lasting value – remains to be seen. But ones like dogecoin have already proven masterful at driving powerful narratives that have gained attention from the likes of Snoop Dogg, Gene Simmons, Elon Musk and former adult film star Mia Khalifa.Meme coins are cryptocurrencies that are inspired by memes and other viral online trends. Sometimes, meme coins themselves go viral, forming a community of enthusiasts. If the crowd grows big enough, interest piques, demand rises and the coin can gain sufficient value to be bought, sold and traded on crypto exchanges, just like Bitcoin.That level of vulnerability to outside forces is why meme coins are so explosively volatile, even by the standards of crypto trading. But that volatility is precisely what gives meme coins the ability to turn pennies into fortunes.If you had invested in Shiba Inu when it was trading at its low of $0.000000000056 in November 2020, according to Decrypt, and sold it when it hit its all-time high of $0.00008616 in October 2021, you would have enjoyed otherworldly gains of more than 150 million percent. Shiba Inu and Dogecoin are considered success stories among meme coins. Meme coins are cryptocurrencies that have gained popularity in a short amount of time, usually as a result of influencers and retail investors promoting them online.Dogecoin is the original meme coin: It was created as a joke based on a meme back in 2013. It rose to fame after Elon Musk began tweeting about the cryptocurrency, and retail investors started buying in droves.By December of that same year, the meme had its own blockchain ledger thanks to software engineers Billy Markus and Jackson Palmer, who created Dogecoin as a satire to prove that cryptocurrency could literally represent anything.It remains history’s most famous meme coin and, nearly a decade later, Dogecoin is still big enough to be in an online slap-fight with Elon Musk, who became the world’s biggest crypto influencer with a single Dogecoin tweet last year. + +sonicgrowsquidelonbitcoininu core team's value includes transparency, professionalism, and being competent. The memeshot of 2022 is born and this is the next banger! Community is organising movements together to market the token and invite more Binance Smart Chain investors to support the movement. It's aim is to be the next big meme token, cutting ties with the toxic and BSC culture and proving to everyone that with a genuine team and community, everything is possible. It is still a low mcap gem building, future moonshot is imminent. Don't miss the ride and also invite your families and friends to the rocket high pump. The project is backed with reputable people on the space. sonicgrowsquidelonbitcoininu's investors are most valued and for that this is community-based meme token. + +Contract Address: 0x44830dbf7920c144097587bbaebf204a114d4164 +Telegram: https://t.me/sonicgrowsquidelonbitcoininu +Twitter: 1Btoken +Website: https://1btoken.wtf/ +$PIT is safe by design. It is an ownership-renounced token with each buy and sell automatically contributing to a liquidity pool that is locked forever. It is impossible to modify Pitbull’s contract , and it is impossible to pull liquidity from it, which makes the project one of the securest all over BSC. The team behind Pitbull is a fully volunteer team since beginning. As it comes to burning, because of the safe contract concept, there is no manual burn. As a community-driven project with no dev/team wallets, the volunteer Pitbull Team opted to create a community wallet that members can donate in order to further build the project. Listings, shelter donations, advertisement expenses are met by this community funds. Pitbull just shared the new roadmap with the community: + +# Roadmap: + +The new roadmap marks the start of a New Chapter for Pitbull. It is incredible what's planned for the future. The roadmap is also featured on Yahoo Finance: + +✅**PitSafe Dapp** Integration of **ETHEREUM, KUCOIN, SOLANA, CARDANO, & POLYGON CHAIN** + +✅Listings on **Tier-1** Exchanges + +✅**PitMag** (Pitbull Magazine), The First Communication Media by a Token with a Unique Concept + +✅PIT Telegram **PriceBot** Launch for all Crypto Projects + +✅Release of Pitbull's First **Premium NFT Collection** of Special 3D Character cards + +✅**Marketing Push/ Campaigns** + +✅Press Releases on Top News Networks & Wires Globally + +✅Influencer Deals & Long -term Collaborations + +✅**PitDiscorvery** Dapp Launch, Research Tool for Crypto Projects + +✅Listing $PIT on Dex, Swaps & Pools + +✅Strategic Partnerships + +✅**PitStop** Performance Upgrade + +✅**PitCharts**, Product Ads Submits + +✅Multiple **PitBurn** Events + +✅**Pitbull NFT Collaborations** + +✅**Whitepaper Update v2.0** with New Developments & More Language Options + +✅Partnerships & Donation Events with Shelter & Animal Hospitals in Worldwide + +✅Production of **PIT Merchandise** + +✅**PitStore** \- Merchant Website Launch + +✅\*\*%60 of Total Supply\`s Burn\*\* with Transactions + +✅**New Innovative Pitbull NFT Series** + +✅Pitbull **Staking in DEX and CEX** + +✅**PitGames** Launch + +✅**PIT PlayToEarn Gaming Model (PIT P2E gaming system)** + +✅**PitGames** Integration into **Metaverse -** In **Augmented Reality (AR)** & **Metaverse** user can get real life rewards or use rewards as **donations to vet clinics or animal shelters** globally. + +✅**Online PIT Payment** Options as a Real-world Currency & Shopping with **Credit Card** + +✅PIT's Evolution into **Governance Token** + +# What is already done + +After more than 7 months, it is incredible what the team of volunteers has achieved. + +✅ Built an own ecosystem with PitSafe, PitSwap, PitFarm, PitStop with PitLottery and PitCharts + +✅ Hotbit listed + +✅ LATOKEN listed + +✅ Cointiger listed + +✅ Indoex listed + +✅ WhiteBit listed + +✅ Tao finance, pig finance partnerships formed + +✅ Donation shelter pools + +✅ Website redesign + +✅ Partnership with UniTrackerApp + +🔐PitSafe: PitSafe is a comprehensive BSC DeFi Asset Manager where investors who have $PIT in their wallets can obtain in-depth information about each token on the Blockchains. PitSafe offers exciting products for token developers and investors. + +🔁PitSwap PitSwap is the place where you can BUY $PIT via the right way; V1 + 6% slippage. PitSwap will be our new place to buy and sell $PIT. No more annoying disclaimers from PanCakeSwap about the V1/V2 problem they face. PitSwap will be using PanCakeSwap V1, which uses the right liquidity pool. + +🏠PitFarm PitFarm is the place where you can stake PIT-BNB V1 for points to redeem official Pitbull NFTs, or buy them straight out. These NFTs can be traded in the marketplace, and the sales will go towards the Pitbull community fund and artist as a minting fee. The funds raised will go towards charity, project development, and burning Pitbull tokens. + +⛔️PitStop: A one stop place where you can see charts, track your earnings from holding tokens & much more + +💸PitLottery Pitlottery is a unique game\~lottery where users can win more $PIT tokens by purchasing tickets with their $PITs. It will be a lottery platform rebase on Binance Smart Chain. + +📈PitCharts PitCharts is a tool to track your coins and their prices. + +🚨🚨🚨What makes it even more exciting is a little outlook into the future. Pitbull will enter the metaverse and take its first steps into the play-2-earn arena. There is also a new NFT Collaboration and a new NFT Collection will be available soon. Another Product in the ecosystem will be PitMag. PitMag is a Magazine where you can find latest news about cryptocurrencies and blockchain. Be excited! + +DYOR as always. If you want to know more, you can read more here: + +Pitbull Contract(v1): 0xa57ac35ce91ee92caefaa8dc04140c8e232c2e50 + +TG: [https://t.me/Pitbull\_BSC](https://t.me/Pitbull_BSC) + +Website: pitbull.community +What happens when we own the float? That’s right- *we set the price*. + +But what if we, as individual investors, don’t set a price? What if they could never buy back enough shares to close their position? What apeish numbers will reveal themselves to us? + +In an air doubt, you might believe that every ape has their price, that it would be a fruitless and an absurd attempt to truly hold the float to infinity, because somewhere in the millions it will end. ***However***, it just might be that they never will be able cover. 🙊 + +Recent Proxy information revealed a shrunken float of only [16 million shares](https://www.reddit.com/r/Superstonk/comments/mxu7lj/gme_float_is_less_than_161m_and_retail_owns_more/)! (edit: I am told that that it’s actually 26 million, which is fine because the maths I use later on are still based off the 26 mill float) It's believed that retail owns at least 1000% of the float, closer to [1800%](https://www.reddit.com/r/Superstonk/comments/mxkwlb/double_the_short_interest_half_the_anxiety/), and perhaps even much more! At 1900%, that's 19x, or **AT LEAST 95% of all shares they need from retail alone**, regardless of whether or not they buy back shares from the institutions. + +If you have pledged to have shares that you will hold forever, or planning on selling after you have **confirmed** the peak, you are already taking the necessary steps by effectively removing your price. Your hands made of pure cosmic diamonds will accelerate the remaining shares into the realm of what is theoretical. The thing is, I believe we are extremely close to reaching this possibility. There is already an overwhelming sentiment of those who will sell after the peak. + +&#x200B; + +[we are becom stonk](https://preview.redd.it/2mxlbcsnznv61.jpg?width=800&format=pjpg&auto=webp&s=5c54ba17bfdbfd452075b4daf4e1e4e68fd8827c) + +With the need to buy back 95% of our shares, the average retailer only needs to lock out 5% of their shares, or every other would hold back 10% (since not every ape will read this subreddit or will hold forever). Since we don't know for certain how much we own, the more we lock up, the more certain our infinity becomes. + +I still have more icing to add. They most likely shorted many real shares, like the ones they borrowed from Blackrock. If they shorted half of all real shares in the float, then we cut that 5% leftover in half-- 2.5%. This isn't even including the shorts hidden in ETFs that weren't included in the proxy. This doesn't even include any of the call options that could be exercised and potentially add tens or even hundreds of thousands of extra shares into the raging fire. If retail owns closer to 5000% and they shorted half of all real shares, they would need to buy back **OVER 99.5%** all our shares. They would need to get right up to that very **last half percent** to fully cover. + +We lock up whatever that remaining amount is, and they will *never* be able to cover. + +**ARE YOU STARTING TO GET IT???** + +You will be able to ask for LITERALLY ANY PRICE you want until the government steps in to beg you for your shares. The real question is, when will they do it? At a billion dollars, a trillion dollars? We already know that 10 milly each can fit under that DTCC insurance, but what happens when the government cries uncle because they completely ran out of ink printing fresh new bills? It's the age-old question of when the unstoppable force meets the immoveable object- Which will give first? + +We are going to test just how infinite these infinite losses can be. + +Say again- *What's an exit strategy?* +You turds on CNBC that are reading this, do you not have a shred of fucking integrity? We can clearly see the short interest on GME. Yet you publish articles about Melvin closing their position? Are you fucking kidding me? You may not have been the ones to lie about it, but you sure as shit need to acknowledge the fact that they lied about it and you passed that information on to the public. How the fuck the SEC isn't up your ass at the moment for publishing the literal definition of market manipulation is beyond me. +Little background. 25, married, 2 very young children. My wife is a stay at home mom, and no I do not want her to have to get a job. She takes care of our two year old and our newborn and I make the money. Also, we have no debt and only 4 months in an emergency fund, but I'd build it up to 8 months before I did anything life changing. + +I work full time and I started a side gig about a year and a half ago and it has been going well. So well that it's starting to take up a ton of time. I've been waking up at 5 and working till 5 between both jobs, then add in household responsibilities and I'm completely spent by 7 o'clock. I barely see my kids and when I do I'm tired and cranky. My job is hard on my feet; I walk about 15 miles per day. + +The pickle: my job doesn't pay much ($1600/mo) but has benefits. My side gig pays at least $2k/mo, but I could take more. Problem is our bare bones expenses are $2k/mo. So I can't just drop the side gig. Plus, I want to be self employed. But the thought of independent insurances, paying all my own taxes and the uncertainty of it all makes me so discouraged, like I'll never accomplish it. The thing is, my side gig only takes about 20 hours per week, so I could work for another 10 hours per week making extra money (clickworker, freelance writing, things like that) and still only work 30 hours per week, as opposed to the 60 hours I've been pulling lately. + +Working both jobs is killing me both mentally and physically. We have a lot of money now with both jobs, which is good because a year ago we lived paycheck to paycheck. But is it worth it? Is it worth it to have money and security, but never see my family? I feel stuck working, but I know I need to drop one. I could get a higher paying job - trust me I've been looking, but my dream is to work from home. I've proven I can do it, but I really doubt myself. + +PF, what the hell do I do? +Revised and updated with additional points + ------------------------------------------------------------------ + +For those of you who are new, you may not know but the next 3-6 months are arguably the most **significant** months in the 5+ year history of the Ethereum ecosystem. And here is why: + +1) **EIP-1559** is confirmed to launch this summer. What this means is that net "issuance" which means new coins minted is going to be **dramatically** lowered. To put it in perspective the, the issuance rate right now is 4.5% per year, the estimates for the issuance rate after EIP 1559 is implemented are .5 - 1%. Why does this matter? So bitcoin issuance halves every 4 years right? and from that we see the bull run begin and bitcoin goes on a tear. Well an issuance drop from 4.5% is the equivalent of 3 halvenings happening at one time. (4.5 cut in half to 2.25 again to 1.125 and again to .56). Ethereum is already at a multi year low supply on exchanges, once this happens Ethereum will become **instantly** scarce. People are starting to dub this the "Cliffening" + + +2) **Staking and POS** - Staking means you can lock up your ETH and you get paid rewards just like miners get rewarded for buying all the equipment and running the rigs and monitoring them and then being compensated for validating the blocks. You are going to be able to do the exact same thing without any of the upfront costs, right now you can only stake on your own node which very few users are able to do or on a few exchanges, but very soon coinbase will be allowing you to stake directly on their app. It will literally be the click of a button and you will be earning rewards. **This will also further "Lock up" millions of additional ETH and remove them from the circulating supply** and therefore further increase the scarcity of ETH. As mentioned before ETH supply on exchanges is already at a multi-year low, once coinbase implements staking a significant portion of the ETH being traded on coinbase and other exchanges will "poof" and be locked away. This means way less circulating supply which economically should put upward pressure on the price. + + +The Ethereum Devs are now also going to try to merge to POS (full proof of stake with **zero** mining) a lot sooner as early as fall, which means in 6 months time there could be no miners dumping coins every day on markets. This is a significant point because the people who are now earning the "new" ETH being minted are the hodlers, and because the those users do not have a lot of up front or fixed costs, what do you think they are going to do? Sell all their rewards instantly (like the miners do now) or continue holding and letting their rewards grow in value? +The switch to POS will incentive people to hodl and remove selling pressure from ETH. + + +3) **Scaling** - the top 2 scaling solutions coming out in the next few months are optimism and arbitrum. (Optimism just announced yesterday their release is confirmed for July and Arbitrum is right now in their final testnet and will most likely launch before Optimism) They will allow dapps to basically copy paste their code and onboard onto a super fast highway where essentially they can do hundreds to thousands of TPS for almost no cost. Think Elon building his underground tunnels under LA, thats how L2 will work. People will be able to seamless board and unboard and go super fast from A to B and get back above ground (L1) all while reducing congestion and costs. This will be incredibly bullish for the ecosystem because 1. fees will substantially go down in the network, 2. More ETH will be locked up in protocols because a lot of the DEFI applications will once again be cheap to use for the average user. Uniswap for example which is the number one gas user on the network is going to launch with Optimism shortly after its May 5th launch (one month away). Once that happens between 20-30% of the congestion is going to come off the network lowering fees **substantially** and increase the usage on the network. **ETH will be the most used blockchain in the world by a long shot.** + + +4) **Economies of Scale** - Just like when the internet went from dialup to broadband to high speed to fiber this evolution enabled brand new usecases and applications to exist, like online streaming, online gaming, social media etc the Ethereum blockchain and its scaling will enable entirely new and innovative use cases. This nascent "bubble" in NFTs is an example of one of these new use cases in its infancy. Right now, it looks like random, hype driven, mania. **But what happens when online games that are integrating with ENJIN and Ethereum let you trade your in game items "across" platforms?** You have a rare item in world of warcraft that you can then trade for something rare in Fortnite or Diablo or whatever.... the gaming industry is a multi billion dollar industry and this is the first time in history that users will be able to truly **own** their in game items.....NFT's all of a sudden stop being a bubble and have real world applications in a very powerful way. This is just one example of the possibilities that come with the growing economics of scale in Ethereum, and we are already starting to see them unfold. + + +5) **Technicals/Historical patterns/Risk Reward Opportunity** - ETH the last bull run outperformed Bitcoin the entire cycle. The ETH BTC ratio went over .1, which is over a 3x from its current ratio now. The ratio has also been in an ascending pattern for the last 6 months and right now we are at the bottom of that pattern and if we continue it are going to make a substantial move up in the coming months https://np.imgur.com/a/g8z4Nwq The chart pattern would also coincide with all the "news" of the coming developments listed above, staking on coinbase, EIP 1559, scaling all of that, so we could very well see a massive bullish move on Ethereum in a "perfect storm" of great news, development, and technical analysis. + + +**TL:DR:** In short after EIP 1559 Ethereum, very much like Bitcoin, will have increasing scarcity and significantly increase its viability as a store of value. **But in a uniquely new way it will be able to combine that scarcity also with an increasing and incredible amount of utility**, with more and more ETH locked up, collaterilized, staked, burned up in gas, and used in dapps and transactions. It will be like if gold which is already a rare asset, all of a sudden needed to be used to build all the roads, buildings, structures and businesses of society. Thats what ETH is to the ETH ecosystem. + + +**The increasing scarcity and increasing utility of ETH will be a deadly combination.** + +So why am I telling you all of this? Because for a change, Id like to see the new guy get ahead of the curve and buy before the massive potential pump while the waters are quiet, not when every headline is screaming buy buy buy and price has already pumped. And because I am sick and tired of seeing noobs getting screwed over by all these scammy youtubers, shills and other trying to take advantage of new investor ignorance. I was once in your shoes and it sucked not knowing what to believe (it still sucks) and seeing so many people trying to manipulate me into buying their stupid hype coin with no future. + +I got so much flak from people for posting this like Im trying to "pump my bags"..... to those people I say: I own Ethereum obviously because Im not a hypocrite, but if you think one post on reddit from a nobody is going to swing the markets up 100's of dollars and make me rich........lol. + +At the end of the day, do whatever you want, but this is exactly the sort of content I joined this sub years ago for, and over the years it was posts like this that helped me understand and make better investment decisions, and so this is me just trying to give back. Good luck. +I am working on an algorithm for cryptocurrency. I am in the process of getting, organizing, and storing the data. I am currently using Coinbase Pro API for both getting the data and trading. But, I am having trouble getting up to date candlestick data (open, close, volume, etc.) from their API. Their historic data is somewhat delayed to get up to date candlestick data. I'm just looking for a simple, up to date way to get candlestick data every minute that I can store. Does anyone else have a good API to get this type of data? +#[Welcome back to the fucking casino!](https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6) + +Congratulations to all the traders who were short. + +The form 144 should have been a clear indication of what was coming next. + +You saw the situation change and you changed accordingly in order to make money. Well done. + +--- + +Apologies to the apes who got slaughtered by Cohen selling. + +That fucking sucks. + +You'll be okay though, you were able to get yourself to this point before, you'll be able to rebuild and come back stronger. + +--- + +WSB is a subreddit for traders, if you want to win, be smarter, be first, or cheat. + +[SEC note: Don't cheat] + + Being able to change your opinion and position when new facts come to light is key for long term profitability. + +Good luck today and godspeed. +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! + +So I did some quick arithmetic with the 21 data points we currently have on the catalyst calendar. While n = 21 isn't great, especially in an analysis of chaotic systems, a clear trend is already emerging. Here are the results: + +Purchased 7 days in advance of catalyst, and sold day before: + +* 38% chance of a win +* average gain 17.4% +* average loss -8.7% +* 19% chance of no gain or loss + +Purchased 14 days in advance, sold day before: + +* 48% chance of a win +* average gain 19.0% +* average loss -26.0% + +Purchased 21 days in advance, sold day before: + +* **71% chance of a win** +* **average gain 24.6%** +* average loss -16.7% + +Is it better to sell the day after a catalyst? + +* 48% chance the price has improved +* Average improvement 8.3% +* Average decline -6.5% + +Help us find catalysts at least 3 weeks out! Everyone's odds improve if we do. + +The calendar: https://docs.google.com/spreadsheets/d/1o0Yx_LvtudZsrOls1c0PSQqsXh5oAR2PtP0r2fkFoRs/htmlview?usp=sharing&pru=AAABcuxn1bA*Bj_6qwrA5cXf8HpPL0_s2w# + +EDIT: Y'all need to take a statistics class. +My partners mum has just told us she is £400 short this month and so cannot afford her bills. + +We don’t want to give her money anymore. She earns £50k a year and is only short because she chose to go to norway over the christmas period and has lots and lots of finance deals. + +The issue is she pays an ee contract than both her and my partner are on as its two people on one contract. The contract is in my partners name. + +The bill is paid by her as she has the expensive phone and my partner pays her for the sim only part £9ish. + +The issue at play here is my partner has said no to sending her money this time that has resulted in a tirade of abuse and if my partner were to send her money there is no garuntee she would use it to pay this bill. + +My partner has phoned EE and had the contract split and the direct debit moved to her account however the bill is due in 2 days and already been requested from the mums account. + +What can we do to try and stop my partner getting a black mark on her credit report? + +Thanks for any and all help +Short Washington Post article suggesting people have trouble going from savings mode into spend mode. Thoughts around the subreddit? + +[Link](https://www.washingtonpost.com/business/2019/02/25/rich-retirees-cant-switch-off-their-savings-mode/?utm_term=.a1efeecf8797) +My wife is a big thrifter, so of course I have to tag along. While looking around, I found the most batshit crazy stuff in the World: The Gann System. More specifically, a CD-Rom for the "Natural Squares Calculator." I'm a pretty big Finance Nerd, and I enjoy debunking Woo, so of course I bought it. This was *NOT* covered in college, and after watching one of the videos, I know why. This basically astrology. According to Wiki, this Gann guy actually used Astrology in conjunction with Bible Codes to make it. They made of their own little Compass device to read the market and everything. + +Has anyone heard of this stuff? +Car hunting is insane right now as I'm sure you all know. I've been told by a few dealerships (but not all) across a few different states (NY and CT mainly) that if I purchase a car from them but am not a resident of that state they need to charge me upwards of two thousand dollars since I'm taking product out of the local market. + +Is this a fair or legal practice? +http://monetarywatch.com/2016/06/confusions-delusions-illusions-62-americans-less-1000-savings/ + +I know the road to FI requires certain sacrifices, and a whole ton of patience. This article was a great reminder to me of what it is all for. I've read this a few times because it goes into some good detail and for me read more like a horror book than anything else. We all have friends and family that fit right in with the demographics mentioned, so I think this hits home for a lot of us (American or not), especially when we are personally working toward FIRE. + +The part that got me the most was in the retirement section. I can understand not having a ton of cash sitting around in a savings account if you have it distributed across other types of accounts or low-risk holdings, but this was crazy to me: + +> When you realize the typical household between the ages of 35 to 54 has less than $10,000 saved for their retirement, the mass delusion becomes clear. How could Boomers, who have worked for 30 to 40 years, and experienced the greatest bull market in history (1981 – 2001) have only $12,000 of retirement savings as they approach retirement? + +I recently had a family member say to her father (when asked if she had any savings after they bought a brand new car with no down payment), "No we don't have anything saved. It's impossible to save these days. Nobody does that anymore." + +That has been stuck in my head for weeks, because I think many people have that belief. That "saving" is something that baby boomers did and it isn't something done in our culture anymore. Thus the closing statement resonated with me in that respect. + +> “The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives, that they do not even struggle or suffer or develop symptoms as the neurotic does.” They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” – Aldous Huxley – Brave New World Revisited +A more fundamental/mindset post. + +I’ve had about four solid plays that turned to losses because 200-300% was not enough. I reasoned to hold because I believed there was reason for the plays to run further. Given my budget and being relatively new to actually finding winners that weren’t money punts, I should’ve known better. + +I’m glad to learn from it. Holding those plays for a few weeks, I shouldve known to sell them with only a week out and my budgeting..still sucks though. + +It’s been haunting me every day for the past 2 months. + +Just so this isn’t just a cry post + +Notes for the future: +- Less than two weeks till exp decay is gross af +- Reallocating to better plays/odds/profit margins(vs the existing play looking forward) with the returns of existing plays is almost always preferred +- the goal is to grow, not explode + +Any other advice? +Per my [original post](https://np.reddit.com/r/CryptoCurrency/comments/twrkua/i_analysed_a_major_metaverse_project_and_believe/) where I warned everyone about SOLICE. It is now at 40c which is more than 90% from its ATH and its less than a year old. + +This project has been one disaster after another. Constant delays, regular fails to deliver, blaming others for the causes, ignoring questions from investors, VCs dumping hard, the list goes on. Check the post above for the full details. + +**This post is more about echo-chambers.** + +DO YOUR OWN RESEARCH. + +That is the mantra. When something doesn't feel right, challenge it. If you get downvoted, suspended, banned whatever that is a massive red flag. As long as you are challenging respectfully and providing evidence for your concern, moderators have no right to remove you from the conversation. This is literally you doing your research. + +If you are prevented from doing your own research because the powers that be from the sub, discord, telegram, etc just keep pushing you out then you take the hint and get the f### out. + +Some of the worst examples here include Loopring and Safemoon (also down similar levels from ATH). Jump into their subs, their discord channels and their telegrams. Try challenging respectfully and see how long you last. If you think we're early in crypto, or its the wave of the future, head on over to the buttcoin sub and read the perspective of others. + +**The echochamber is one of the worst things about crypto. People get so excited to be involved "early" in a project, but this can lead to some massive emotional bias to overlook the more important fundamentals. By the time you realise the 'FUD' was truth, it's too late.** + +Don't believe anyone. Not even me. + +&#x200B; + +EDIT: To clarify, + +I have been banned from: + +* SOLICE discord (three different accounts) +* SOLICE telegram +* SOLANA discord (one account) +* LOOPRING subreddit + +I have been suspended from: + +* SOLANA subreddit +* CARDANO subreddit + +I have been reported and flagged by: + +* SOLICE twitter official +* SOLICE youtube +* LOOPRING twitter official + +&#x200B; + +&#x200B; + +EDIT2: **This post has proved my point yet again. Every single comment I've made on this post has been downvoted to hell.** Just scroll down and look. Granted its mostly by the insufferable LRC fanbois but its in pretty much every thread. We are in a f\*\*king echo chamber and you all need to open your eyes. + +&#x200B; + +&#x200B; +[https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks\_definitive\_gme\_theory\_of\_everything/](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/) + +* It is not normal for a stock double in the span of a few hours on news of a CFO getting fired (2/24). +* It is not normal for a stock to open at above 250, go to 350 before noon and then fall down to 172 all before 2pm on absolutely no news (3/10). +* It is not normal for a stock to tank on earnings and then literally make back those losses the very next day on absolutely no news (3/25). +* It is not normal for a stock to double on news of the CFO being ousted but to go down 5% on news that the key player (Cohen) is being announced as the senpai of the board of directors. +* It is not normal for a stock to stay above $150 when every Wallstreet analyst says it's not worth more than $50. +* It is not normal for a stock to have an extremely negative beta. +* &#x200B; +* It is not normal for a stock to fluctuate in value by 10x over the span of a few months (up AND down) on very little fundamental news. +* It is not normal for multiple forums talking about the same stock to be infiltrated repeatedly by suspicious accounts trying to create FUD (i.e. shills really on exist on forums discussing GME, not regular retail investing forums like r/investing and r/stocks (which I am banned from hahahaha)). +* It is not normal for a stock to be universally hated by mainstream finance yet still be trading over 5x what they believe the fair value to be. +* It is not normal for a stock to get squeezed, fall back down, then almost regain its squeeze price on no fundamental news. +* It is not normal for a stock to have OTC activity that is multiples higher than its daily volume and float. +* It is not normal for that OTC volume to be comparable to the January squeeze levels despite "ThE sQuEeZe BeInG oVer." +* It is not normal for DTC to be implementing a slew of rules about the very things we are talking about. +* It is not normal for a stock to have random volume spikes in the middle of the day on absolutely no news. +* It is not normal for ETFs containing said stock to be abusively shorted as well. I could go on and on. +* If you have FUD, come back to this, and you'll realize that though we might be early, we're not wrong. + + +WRITE IT DOWN WITH YOUR EDIBLE CRAYONS AND PUT IT ON YOUR FRIDGE SO YOU CAN SEE IT BEFORE EATING YOUR NIGHTLY TENDIES +Nothing has changed, nothing is going on, they have made OTHER changes to the terms. + +If you are on Trading212 then your shares have been lent out from the beginning, they were never truly yours and you have agreed to this when you opened the account. + +This is how they keep trading commission free, ask them and they will confirm this !!!!! + +**I got out of T212 and diversified my broker accounts, you make your own choices.** + +This is not financial advice. + +**EDIT:** Check the date on my previous post [https://www.reddit.com/r/Superstonk/comments/mnl0xz/message\_your\_broker\_today/](https://www.reddit.com/r/Superstonk/comments/mnl0xz/message_your_broker_today/) + +I asked for my shares to be recalled so I can use them to vote and they refused. + +**SHARES HAVE ALWAYS BEEN LENT OUT !!!** +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! + +It's an inevitability that one of these companies are going to be acquired. What happens to all the tokens when an acquisition happens? Do funds get distributed to token holders? +I enjoy reading updates from folks that have previously FIRE'd. I'm struck by the variety of paths, annual spend targets/budgets, what folks do with their newfound free time, and the mental challenges that go along with it. + +Hopefully my story will add to the variety found here, and some will find it interesting or even inspiring. + +My wife and I FIRE'd just over two years ago and are in our early 50s. We achieved our version of FIRE mostly with only my modest income from a military/government career and simple low-cost mutual fund investing starting in our late 20s when I was a young enlisted with four kids. Investments really took off when I retired from the military at 26 years as an officer, and transitioned into government service. During this time kids were mostly grown and we were essentially drawing two full salaries and investing 6 figures a year. + +My wife spent most of her time raising our kids, though she did work a bit in high schools when our children attended. More to keep an eye on them and have a good relationship with the school/teachers, but she did bring in a modest salary as well that we fully invested. Kids are all grown and self-sufficient at this point. Everything we have, we earned on our own. + +Our net worth is right around $2M and we have an annual budget/spend currently at $140k. I hold about $100k in cash (yeah I know) and about $800k in IRAs and TSPs (military 401k). Our primary home is paid off and if you are to believe Zillow, worth about $900k. We commit $2k a month to a second home so I would say our annual spend is closer to $120k. Our second home is rented and valued at $400k with $140k of equity and a 3.1% mortgage. We have two cars that are paid off and no other bills other than the ones that will never go away - Property, car and medical/dental insurance, taxes, utilities, food, gas, internet, cable tv, car/home maintenance, and HOA. I'm not a compulsive budget tracker, but I do keep track generally, and estimate we pay about $4k a month in those bills. + +Travel is a big part of our version, and we budget $24k a year - We target two good at least 2-week vacations and another 2-3 smaller (week longish). As an example, this year we've been on a 11 day Caribbean cruise, a week in Miami/Orlando, and a week in Hawaii. We still have planned a 10 day Alaskan cruise and an 8 day European River cruise staying after in Europe for a spell. We are more frugal than luxury when we travel, but do like to splurge sometimes. + +We don't specifically budget for home upgrades, but my wife and I are both handy and enjoy working on our home and others. We probably have spent on average about $15k a year on 'projects' – Pavers/firepit, closets, etc.… + +Our income comes mostly from a 26-year military pension and another 6+ years working for the government. My pension is $60k a year and I receive another $18k from the VA for some bumps and bruises I collected along the way. Those are both cost of living adjusted for the rest of my life. The rest comes from rental income - $24k, TSP - $18k ($16k after early withdrawal penalty), and about $20k from very flexible working - Like working whenever I want flexible. Right now I do about 6-8 days a month. Because of my military retirement, we are fortunate that our medical insurance requirements are far less than most. + +Some might be wondering why I'm taking money out and paying early withdrawal penalties even while I'm sitting on cash and spent less than my yearly budget. Well, if I'm being honest, I actually think we should be pulling more out even with penalty, and spending more. Fortunately, or unfortunately (depending on how you look at it), a life of living relatively frugal has made it somewhat difficult to spend to our targets! We have stable income streams with more coming in the future - At 59.5, the plan is to start to pull even more aggressively from TSP accounts with the intent to deplete - them by the time I'm 67 - which I anticipate will be $40k or so a year. At 62 I start drawing another modest deferred government pension of about $7-10k per year (depends how long I keep working in the P/T position I am in), and this too will be COLA. At 67 both my wife and I will start drawing SS that is projected to be around $50k a year. At some point here in the next 5-10 years I'll sell our second home and have another few hundred thousand to figure out how to spend. And with modest market predictions (i.e. 7-8%), our IRAs will be worth over a million when we are 67. The equity in our home is our main 'emergency' account, and my kids are well on their way to be successful on their own so other than splitting up this when we eventually pass, the goal will be to spend as much as we can of everything else. + +Are we content? I'd say most of the time, but particularly when we are traveling. At home I'm seemingly very busy either working on various home projects - We have elderly parents and get over multiple times a week to visit and help. We work out a few times a week, play or watch sports and go to events relatively often. Though we have friends that we meet at the bar weekly and have neighborhood wine get togethers, if I'm being completely honest, I'd like a bit more social interaction beyond family - Working on this. Sometimes we both struggle (me probably a bit more so), as I know I can make pretty great money and improve any organization I am a part of. Sometimes I feel a bit less for not being more traditionally productive in society. + +I guess in general, I'm so damn grateful that I can spend time with family and friends whenever I want. Whether it’s running over to my moms and do yardwork with her, going out to lunch with my daughter at the drop of a hat, helping my father-in-law build a shed, or going visit my kids anytime I want no matter where they are - I mean the flexibility to do what you want whenever you want is something pretty tough to give up once you have achieved it and has so far always won out when I get that offer out of left field to go back to full time work. + +Some might say we have a pretty rich life - I'm one of those. Others might say we settled and could have more - My mom is one of those. Others will say that $140k a year isn't nearly enough to support the lifestyle they want - Some of my friends have this sentiment. For my wife and I, we are still figuring it all out, but enjoying where it seems to be going. +Hello apes + +Love you all. DRS account #37,XXX checking in!!!!! Appreciate this community. Saved my soul and I mean that. + + +Realized something that may be of interest. Topic has been discussed but this nuance could be of use, especially when discussing w/ non apes. + + +The fact that we have had sooooo much backlash from MSM and shills is obvious. But there has NEVER been a counter DD done by hedgies/WallSt. All their money, degrees and computers but not one of them has ever made a burner account and posted a top tier counter DD. + +It should be simple for them to work one weekend with vodka cocaine and bang out a PHD level counter DD. A simple one would be best really. Sounds fun if that's ur thing. + + +Or hire PHD's and quants and Steven Hawking V2 to come up with a BELIEVABLE, SIMPLE chink in the APE armor. BUT THEY FUCKING CAAAANNNN'T!!!!!!! + + +Never. Not once. Of the probably 100,000 "smart money" people wrapped up in this they can't. Fucking. Do it. + + +Their reputations, careers and way of life depend on it. Stakes can't get higher. But all of them combined can't write a top tier counter DD. + + +Or one of them late night searching for answers hasn't said "aha! they didn't see this angle! not so smart now!!!!" But again, no. Never happened. + + + +Tl/dr: +The most advantaged people in the history of humanity can't prove us wrong. Even a little bit. + + +Sincere, true and eternal thanks DFV, Cohen and most importantly all A.P.E.S ✌❤. Let's save humanity. +For anyone who is new to crypto and didn't realize that we always have the January Dip: Please don't panic sell everything. The time to take profit and wait on the sidelines was in December, but if you didn't do that then hold until around mid-April and things should be back up. Even if not to our previous ATH they at least to a sensible loss for most people who invested at ATH. + +There are two forces which always bring us a January Dip effect: + +1) Asian New Year always leads to fiat outflow in mid January, often continuing into early Feb +2) People time their sales to January for tax deferal + +This year its a bit different in that we have several other factors compounding on top: + +1) News that China wants to stop access to foreign crypto exchanges. +2) Korea regulatory uncertainty +3) France and Germany saying they'll look at regulations +4) Big batch of BTC futures are now expiring + +We also have the problem of ton of new dumb money that came in during Nov/December and sees this as short term gambling on symbols rather than investing in a long term product. These people invest based on sentiment and price movements and go in panic as soon as they see a downtrend, which is now making it worse. + +But don't be one of these people, if you made the unwise decision of investing money you actually need at peak bubble valuations then try to get a short term loan to cover your expenses until around April. Losing your principal in January by selling now is not a wise move. And think of this as a lesson learned for next year, you should take the majority of your portfolio out around December, leave a bit in a few cryptos that you think could hold well during the dip or have an upcoming event and wait it out. Rather than seeing it as something to end your life over, think of it as a learning opportunity and that you will do much better next year. +Hey Everyone! + + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. It's okay to take a breather! In, out! Ahh! + +Well this past week have been a treat! After a pretty boring week last week, we were treated to the introduction of a man named Bill Pulte, a millionaire genius playboy philanthropist! Seems like he holds many of the same values as many of us do, caring about one another and not letting big consultants screw people over. Seems the sub has welcomed him pretty warmly. I personally wish him a warm stay. Also, Easter is this weekend. For many that means visits with family and plates full of yummy food, but for alot it's not as fun. I just hope anyone alone and struggling this holiday weekend knows that they truly aren't alone. + + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and youre not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has a happy Easter 🐰🐣, and a good weekend 😊 (if Easter isn't your thing). + +Use your gut and ape help ape! WAGMI. And remember, shorts ARRRR fukt! Full steam ahead! 🏴‍☠️🚩🦍 +House listed with a guide price of £210k to £240k. Value of 2 bedroom terraced houses in the area haven't gone up much so we offered £205k. (Some websites online suggested the price has dropped). We're first time buyers with no chain so we know that has value and all of our ducks are a line so would be able to move quickly too. + +Estate agent called back within a few minutes and said the offer is too low and to make an offer between the guide prices. + +Should we sit quietly in the hopes that they will consider the 205k? Or was it cheeky to go below the guide price? + +No other offers on the house yet from anyone else. + +Update: Offered 210k, rejected again and was told they're looking for the mid to higher end - so £220k+ at least. +If the semiconductor surge comes to an end, Advanced Micro Devices Inc. could be best positioned to sustain the pullback, Morgan Stanley analysts wrote Wednesday. + +AMD AMD, -0.05% shares performed slightly better Wednesday compared with those of other chip makers, which saw shares decline overall, after Morgan Stanley resumed coverage of the stock now that Xilinx, which was acquired in February, is firmly a part of AMD. Morgan Stanley was identified as the lead financial adviser for Xilinx, when the deal was announced in October 2020. + +Analyst Joseph Moore established an overweight rating and $103 price target, writing that the company “offers potential for solid numbers at a reasonable valuation,” given its near-50% selloff from late-November highs. “Overall, we are optimistic that the company’s prospects in data center (CPU, GPU, and FPGA) will provide enough growth to drive further positive estimate revisions over the next several quarters,” Moore said in a note. + +AMD shored up its data-center offerings when it closed on its purchase of Xilinx, which specializes in field-programmable gate array, or FPGA, chips that can be configured by a customer or a designer after they are made. Those chips, in turn, are used as accelerators in data centers to boost computing power and improve power efficiency in existing physical spaces.  + +“Apprehensions we see in the consumer linked end-markets should leave AMD less exposed comparatively than key competitors, allowing us to underwrite conservative numbers that shouldn’t surprise much to the downside,” Moore said. + +Analysts are concerned that the explosion in semiconductor sales amid a pandemic-influenced supply crunch could lead to a severe downturn in the months ahead, as inventories build and customers halt purchases. That has been a major factor in a strong downturn for chip stocks in the first half of the year. “While a digestion phase in PCs and consoles appears likely, and we are budgeting for some caution next year, we believe strength in server (with further market share gains) should allow the company to keep posting solid growth at a now reasonable valuation,” Moore said. + +Separately, AMD announced late Wednesday it appointed Mathew Hein to the position of chief strategy officer, effective Monday. Hein comes from investment banking firm DBO Partners, where he was lead adviser to AMD “on a number of opportunities.” Up until 2013, Hein worked at Morgan Stanley for 17 years, where Hein held positions such as Technology Investment Banking Group managing director, and global head of Semiconductor Banking. Reporting directly to AMD Chief Executive and Chair Lisa Su, “Hein will be responsible for advancing the company’s strategy across an expanded market for high-performance and adaptive computing solutions and will work closely with the AMD executive team to accelerate the company’s next phase of growth.” + +Earlier in the month, AMD doubled-down on its commitment to expand its data center offerings, and forecast average annual revenue growth of about 20% over the next three to four years, while sticking to its second-quarter and annual forecast provided in early May. + +Analysts surveyed by FactSet expect revenue of $6.43 billion for the second quarter, compared with AMD’s estimated $6.3 billion to $6.7 billion, and $26.2 billion for the year, based on AMD’s estimate of about $26.3 billion. + +[https://www.marketwatch.com/story/amd-stock-now-at-a-reasonable-valuation-after-near-50-pullback-morgan-stanley-says-11655920462?mod=home-page](https://www.marketwatch.com/story/amd-stock-now-at-a-reasonable-valuation-after-near-50-pullback-morgan-stanley-says-11655920462?mod=home-page) +As the title says, just moved to Spain. So what do I do with taxes? Do I pay the 12 months in Germany despite having being paid December in Spain (and Spanish taxes to the Spanish tax authority)? Or do I pay 11 months in Germany and 1 month in Spain? +I feel i'm seeing 2 contradictory views on most subs. On one hand it seems quite common from many commenters to expect a 7% return per year (for example it is often this return used to calculate how long you have to work before FIRE). On the other hand the most common etf recommendations seem to be VWCE and the like who have an average of 5% yearly return. + +So how much are you expecting from your portfolios and how would you beat the total market? +Quoting justETF for IWDA: + +>The fund replicates the performance of the underlying index by buying a selection of the most relevant index constituents (sampling technique). + +However, I could not find what is the mentioned underlying index. How do they choose what is the geographic and sector breakdown? Is is static or may change over time? +I just moved to Switzerland and have therefore access to US-based ETF. + +I have a lump sum of GBP (\~50k) that I wanted to use to purchase **VT** VANGUARD TOT WORLD STK ETF. + +First, I will need to convert GBP to USD, and looking at the performance of GBP, due to the energy crisis and supply chain problems going on in the country (I believe?), there has been a devaluation of the pound against the dollar. + +It's not as bad as before 2021, but it's still a big downturn from the previous month. + +Then, looking at how is VT performing over the past year and a half, the value has significantly increased during this phase of economic growth led by the introduction of vaccines and removal of restrictions. + +&#x200B; + +I know that *time in the market beats timing the market*, but can't shake this feeling that I'll be buying with slightly depreciated pounds an inflated VT stock. + +I am a beginner so the question is, are my fears incorrect? What could be the right course of action? +Yep. Cancelled my subscription a while ago but still get those emails. Again and again and again. Scott Phillips reckons Bitcoin is shit so just bought some. +Let's see who is the Motley Fool fool. +Hey boys. Good to see you making money over the last week. Hope none of you ended up holding bags + +Now on to the week ahead and on to how we can make losses to recoup those ASX_Bets gains. Or, perhaps, just maybe, double our money once again + +Melbourne just had an announcement of just one case today. Whilst its unlikely anything is going to be happening in a rush at the start of the week, I strongly believe time to strike is now coming upon us + +Apart from the usual boomer stocks like webjet, Qantas etc... is anyone betting/watching some; let’s just say left of centre winners once the lockdown is lifted? +I'm 17 years old and have a part time job as a chef and buss boy. I get paid $11 a hour monthly and tips (which are usually between $70-90) bi weekly. I mainly work weekends (Friday-Sunday) except for summer break were I work 6 days a week. + +Since my first pay check my mom has been worried that I have been receiving to much money for my age and that it will negatively impact things such as my health insurance, scholarships, and financial aid for college. After seeing my tax returns, my mom now believes that I need to find another job. + +Should I actually be worried? Could I simply ask my employer to lower my hours? Because I like think my current job is pretty good. + +Also, I was thinking of picking up another job that starts at $10 on weekdays from 3-5. Would that be a bad idea with my current situation? + +EDIT: +Thanks for all the advice! Il convince my mom that my income will barely affect us and Il keep my job. I really needed some outside perspective for this one since my mom is usually the go to person for questions like these. + +EDIT: +The 2nd job is only an extra 6 hours a week and it has to do with what I want to study. So I'm not worried about the extra work since it will benefit me in the future. + +EDIT: +A lot of people have gotten this impression that me and or my mom are greedy and just want to take from the less fortunate, sorry if I came across that way. I was always taught to grab every opportunity for financial aid, and in general, that I can. + + +EDIT: These are examples of the FUD I'm seeing, not my predictions. + +"A big run up tomorrow..." + +"$160 by the end of the week..." + +"$180 by the end of July" + +"Only slightly bigger numbers in the months after that..." + +**What's with the sudden influx of low price predictions? Be careful, it feels like FUD!** + +We all know they are never correct, all it does is hype then disappoint. These predictions are also asserting that MOASS will not have happened months out. It's an attempt to price anchor us and break our will. + +The Marketplace launch is imminent, the Splividend will be posted concurrently/shortly after the Marketplace launch, and MOASS IS TOMORROW! +Reaching over 1100 holders and 650+ Telegram members in 5 days, this is beginning to grab the attention of social media and YouTube (thanks Torin Hofmann for including my last post in your "How to buy Octa" video). + +This subreddit has been pretty much overrun by P&D's, yet this is a legitimate project staring you right in the face. + +Why do I think it has 100x potential? Look at the effort put into their website, read their whitepaper. Click the links on the homepage to see the LP is locked for 5 years. Having a monopoly in this space (looking at you, Safemoon) is not beneficial to the auto-staking world, and I have pretty much gone all in on the project that I believe could be it's #1 competitor in time. At a price of 0.000000002USD per token, it is 225x CHEAPER than Safemoon, with 170x less holders, at HALF THE SUPPLY. The devs have been restlessly at work to build the foundation for this thing and if it takes off (as growth is demonstrating), every Gallardo-driving-Safemooner will be crying when you take them to Gap City in your Centenario. + +Even in the early selloffs. Devs have been nothing but honest about their goals with the project. Providing updates, whether they aid or hinder the price. Strange tactic if you were trying to pull the rug... I have strongly advocated for this project because I truly believe in it. I'm just getting the word out. + +480T supply remaining. 4/4 (8%) tax with burns on every transaction. + +This isn't "Wen Lambo?" This is "Now or Never Lambo." I'll see you on the moon, or I'll wave to you from it. + +DYOR, not financial advice. I have no affiliation with the team. + +Website: Octanscrypto.com + +Telegram: t.me/OCTA_OCTANS (By far the most active of the socials) + +Reddit: r/OCTANS_OCTA + +Discord in the works. + +Edit: 4h later. Over 1050 people now in the Telegram. What on Earth just happened 😂 +Unfortunately I spoke to them on the phone and not by email so I'm typing this right after I the call ended so I can recall as much as possible. +[Proof of 21min Convo with their HL's customer support number](https://imgur.com/a/3lomMos) + +Draft of exchange: + +**Me**: Hello, I have a query regarding the stock dividend I was issued for GME. + +**HL**: *You mean the Stock Split?* + +**Me**: No, it wasn't a Stock Split. That's what my concern is about because brokerages in Germany were told to issue a stock split and now people are missing 75% of their holdings. + +**HL**: * *Starts quietly reading MSM articles on google talking about the GME split.* * + +**Me**: Mate I can hear you reading articles on google, if you aren't too familiar with the issue yourself that's perfectly fine but it'd be great if you transferred me over to someone who does. + +(new guy) **HL**: *I see you're concerned about your GME stock split, how can I help?* + +**Me**: It's a stock dividend **not** split 😭 + +**HL**: *You're **wrong**, I have information from our executive branch stating that it is a Stock Split.* + +**Me**: I have GameStop's filing stating that it's a stock dividend. + +**HL**: 👁️👄👁️ + +**Me**: Does HL actually own my shares ? + +**HL**: *Idk man I just work here* (the vibe I got from him) + +**Me**: Can I speak to one of those executives and also receive copies of all the information you have regarding GME's stock split and confirmation of all my holdings. + +**HL**: *It's not possible to talk to the executives but I can send you over the information.* + +**Me**: Ok thanks. + + +Disclaimer: I **have** DRS'ed but I still have some holdings on different accounts and this is aimed to raise awareness that nobody is safe no matter which clearing house your brokerage is using. + +I can't believe HL has the balls to charge a £15 clearing cost for every trade when they don't hold anything. + + + + +**TL:DR:** Everyone in Hargraves Lansdown seems to think GameStop has issued a stock split and is absolutely clueless, I think what we're seeing in Germany is just the beginning. +Hi there amazing people, + +I know your time is valuable so I’ll cut to the chase. I’m investing locally in northern NJ so homes are very expensive, but it’s a market I’m most familiar with. In September I bought a 4 bed 2 bath multi-family for $390k, and I put 20% down (~$78k). It appraised for $420k under contract. Projected net profit comes to about $500/mo fully rented out. + +I spent about ~$10,000 on relatively light renovations for the walls, floors, and windows (60% contracted, 40% sweat equity). I’m planning to have the second unit ready for tenants by spring. I inherited tenants on the first floor unit and they are great. + +My worry is that I actually won’t have enough equity in the property to recoup most of my capital back to buy the next one anytime soon. I was too excited thinking that I could be getting a house at a $30,000 discount, and I was eager to start applying my knowledge asap. But in reality $390k is only perhaps about 93% of the appraised value of $420k (before my upgrades). + +What do you guys think are my options at this point? Is refinancing still possible by the time spring comes? How much will it hurt my cash flow on refinance? Thanks in advance! +Whenever it was you bought your first property, did you have a mentor? Was there any advice on analyzing property? The dos and don’ts? + +If so how’d you find a mentor and if not how difficult was it learning/ gaining momentum? + +(FYI, very new here and am a broke active duty member trying to turn his financial life around. Thanks for reading this far) +My sister and I own a twin duplex near Philadelphia, PA. The other (half of?) twin is own by someone else - and it's also a duplex, owner occupies one unit, other unit is rented out. Our twin duplex is rented out and we like both of our tenants as they're dependable, stable, and relatively long-term, at least for the next 3-5 years. Our location is near transportation so an easy commute into Philly. + +A developer is now building a big apartment building behind us. Now some of this info was relayed to me (I no longer live near the area) and this is what I know, relayed by the other twin's owner: + +Developer started to dig down into the ground and realize it's a high water table area. So they will be installing "several" industrial-strength water pumps/sump pumps. + +Developer approached my neighbor (the owner of the other half of the twin) and said he's looking to buy both our properties so he can tear it down. He apparently let slipped that his plans actually/accidentally encroach on our garages in the back of our properties. + +The other twin's owner wants to sell. He has some experience in construction, and he explained: + +\- Our properties flood easily (minor but our sump pumps do turn on whenever it rains hard) due to the area being a high water table area - hence why everyone in the area has a sump pump. + +\- This big building will go up (& they're building a basement too) - and it will pump all the water out to the surrounding properties whenever it rains. There's no way our sump pumps will be able to handle the regular water we already get PLUS the additional water from the high-rise as well. + +\- He has a finished basement and he does not want to handle the hassle. Our basement isn't finished but we do have laundry down there plus storage. + +\- If the developer only gets one twin (or 1/2 of the house) then he will just rent it out. (Not sure what the game plan is here... wait it out until we sell as well?) + +\- If we both don't sell, and we suffer water damage, it would be costly to pursue for damages, and doubtful that we'd get anything <-- neighbor's opinion. + +I'm looking for some advice or direction on where to go from here? I'd like to get some a second opinion but I don't know where to start. + +We converted from oil to gas when we bought it in early 2015. We did a 15 yr mortgage so we've built some good equity. We have great tenants that more than cover our monthly PITI. + +\- If we stay, and there is water damage... what then? Get an industrial strength sump pump? + +\- If we sell, can we take the appliances out of there since he wants to demolish it? Can we salvage the new system we installed when we converted from oil to gas? I know we need to get an updated evaluation of our property since we did renovated one of the bathrooms and did the oil to gas conversion. + +If you've read down this far, thank you! + +Any advice will be greatly appreciated! +Deal analysis is one thing. Actually knowing how a structure is supposed to be built & identifying a building code that has been violated is a completely different game. I understand that this is where GCs come into play, but I just can’t help but notice that this can put most investors/developers in a vulnerable position as they can easily be fooled by what a GC says. They can suck so much money out of you, and you can’t help it because you don’t know any better. + +Just looking to hear from seasoned investors or developers on how you’ve managed to make the most out of the construction phase with limited knowledge. Thank you in advance. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion Thread. The thread guidelines are as follows: +*** + +• Discussion topics include, but are not limited to, details related to events of the day, technical & fundamental analysis, trading strategies, and trading tools or platforms. +• ... +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +This is what I believe will happen. It will grind up slowly in the coming weeks but I think it will pick up the pace in december as more and more people start to realize that this beast is free again and ready for a huge bull market to at least 100+, which probably takes just one year from now and if not in 2018. +How do they even begin to correct this? They've had a small business, worked as a contractor, and then also just as an employee on a salary. They are keen to fix it but also scared shitless. + +I want to help but I honestly have no idea - literally call up ATO and ask "how do we fix this?" + +Any advice would be appreciated. +Here is the morning watchlist. let us know your plays for today in the comments. + +Do your DD!!!! + +&#x200B; + +1. $ATVK. ATVK merges with VW win century and becomes owner of the FlexFridge patent. The merge could cause a decent spike and might be a good short squeeze play. Up 5% premarket. +2. $OZSC. OZSC partners with Zeem to develop evolutionary EV charging solutions. Up 31% premarket and shows signs of a little run at open. Volume is a little low but it's still worth a look. With the partnership we might see this company start to grow. +3. $MINE. Very small company right now but has had some decent hype around it. It's been on a small uptrend over the past 2 days. It's worth a look into, still has a lot of potential. Already up 22% premarket. +4. $AVGR. Price target is $2.50 currently at $2.23. Could be a quick play and might even see some decent profits. Up 14% premarket and maybe it will hit $2.50 today. Has decent volume, a little over 3mill. + +Good luck today, do your DD and let us know how you did! +Another win for us! I'm curious if you think contribution limits will continue increasing over the next 30 years or if we will stagnate or decline? Very hypothetical and basically a shot in the dark but, want to know what you think and how it would impact the FIRE journey. +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) +I’m one inch away from the finish line, and I’m having doubts. I’m 39 years old, and I’ve been the owner of retail franchise locations for the last 17 years. We’ve been very lucky over the last few years, and it doesn’t seem as if it’s going to slow down for at least the next 5 years (you’ll see why this timeframe is important in a second). + +My annual net benefit over the last few years has been between $400-$500k, and currently has exceeded $600k this year. But I’m exhausted, beginning to really hate the work, working with my significant other which puts a strain on our relationship, and have an upcoming renewal that will require us to start being open on Sundays which sounds absolutely terrible to me. Over the last two years, with the help of many on here, I’ve been able to find a buyer that is willing to buy the shares of my company in order for this to qualify for QSBS. We have negotiated to $2.13M (previously I didn’t think I would ever get more than $1m), and since the company started in 2005, will have a 14% tax liability. + +As mentioned in a previous post, the business is in my dads name. The plan would be for him to invest the remaining $1.83M, and have me as the TOD beneficiary for the step up in basis. I have no worries at all about the money staying in his name. I would also plan on working part time and believe that I can make $70k-100k a year doing that. + +The problem is that I’m not convinced that I have enough saved, and while I completely understand market ups and downs, I’m not a huge fan of starting my semi retired life into a market downturn. The other scenario would be to suck it up and deal with the issues above, begin the process of converting the company from a C Corp to an S Corp., which takes five years, and then sell the company. It’s taken two years to find a buyer that would be willing to buy the shares, and I honestly don’t think it would be possible again, which is why I would convert to an S Corp. One idea I’m toying with for keeping the stores, is freezing the salaries of 2-3 key employees for the next 5 years, and then selling the company to them for $1M after 5 years. + +This is where I am:\ +39 years old. \ +-$445k in retirement accounts. \ +-$455k equity in home.\ +-$1.1M in commercial real estate investments (should net around $150k annually).\ +-$275k in cash. + +Partner:\ +-$45k annual income for another decade\ +-$36k in retirement accounts\ +-$1.1M in VOO\ +-$100k in commercial real estate investments + +Debt\ +-$200k mortgage at 2.25 or 2.5% + +Annual spend around $260k per year. + +I very much appreciate you all getting me here and would definitely appreciate your feedback. +TLDR - None of you should care about the dates, the options chain or the HYPE posts. They are fucking with your minds to exhaust you into selling. + +The are so many posts out there regarding Hype, dates, Dr.Metzler, timing of defaults and margin calls or I lost my job on my bday or near Christmas. +You all need to take a step back and realize the MOASS is going to happen but you're up against rich and powerful people that are using every nasty trick in the books. + +Definition of psyops +: military operations usually aimed at influencing the enemy's state of mind through noncombative means (such as distribution of leaflets) or date/hype/so called experts. + +The only things that matter BUY/HODL/DRS if you can.. + +STOP the Hype posts. If you really want to post something for HYPE - THE MOASS WILL HAPPEN WHEN IT HAPPENS AND YOU WILL BE FILTHY RICH. That's all you should be saying. + +So once again pump the brakes on the Hype/dates etc... can you image all of the shrinks us GME'ers will need later? Ah well I'll have the money for it. + +FUCK YOU KENNY. +I'm sitting on over 1 million amex rewards points, and I have no idea how to spend them. + +I don't care about optimizing my point spend. I'm plenty fat (financially), and I get no personal joy in "beating the system". + +Anyone fatFIRE friends spend such a bounty of amex points on anything awesome? + +Worth noting: I have two little kids, and traveling, particularly across time zones, is just miserable with them, so big trips are off the table for at least a few years. + +Thanks! +New to the world of FIRE and not sure if I have been an idiot to not have an IRA. + +Background: +- 27 years old, not married and no kids +- Make a little over 300k a year (sometimes closer to 350 with bonus) +- Have been maxing out 401k contribution the last 2 years (and invested a smaller % since I started working...large salary jump was recent) +- 6 months of living expenses in emergency account (little over 2% returns) +- All other savings go into ETFs and mutual funds + +Based on current trajectory I should be able to retire around 40 at my current standard of living. Not sure if I actually will though because I derive a lot of self worth from my job (which isn’t great, but it is what it is). + +I haven’t been quick to open an IRA in the past because I figured between maxing out 401k and investing in the market I should be covered. + +What are the advantages of opening an IRA? Would I be able to start withdrawing funds at 40 if I retire then? If I fall ill earlier than my 60s do I get access to it? Do I even qualify for one (have heard about income restrictions)? + + +[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) | [📈 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) | [���� 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +Not sure if I should post here, or r/legaladvice. Am small business owner who travels a lot. Three weeks ago, I tried to log on to my bank to check balances, pay credit card. Log in didn't work, tried again. Thought I'd forgotten the password. Tried to access account at ATM with bank card, access denied. Received notice via email that a check from my biggest client had been late, then received notice via mail my checking account had been over drafted ($14) and then closed. Thing is, I have a credit card with the bank with a balance of $1200. Couldn't access the account and see it online. Called in to the main number and was told they couldn't process payment from another bank by phone. + +Fast forward three weeks, am back in town, call in again for advice on how to access/check balance/pay. Am told balance is now $1600. I ask about the $400 increase, and am told all the service agent can see is that the total amount due is "old charges." He advises I go into my local branch Monday morning - no shit, thanks a lot. + +Is it legal in the US for a bank to block access to an open account, not accept payment via phone, and then increase account amount and blame it on old charges? I can't find anything online. + +This is not the first issue I've had and to be honest I'm glad to be done with the bank. Last year there was another issue with payment on the card where payment was posted somehow to my parents' credit account (our accounts are not linked) and then a summons was sent to me for failure to pay. + +Any advice would be very much appreciated. Not interested in paying $400 in fines for not having access to my own account. +We (mid-30s, two kids, 30m NW) are moving back from the NYC area to the UK. Throwaway for obvious reasons. I have a few questions + +1) We LOVE FAT suburban America. Are there any good FAT bits of the UK outside of central London? I grew up there but tbh my friends 1.5 mil house with a pool seemed the height of luxury to me. Ideally with amazing schools too and commutable to central London. Some time on google throws up places like St George’s Hill but I can’t tell if it’d be mainly a bunch of folks who looted various third world countries before decamping to London… + +2) How do I throw money at the relo experience to make it better? Eg relocation consultant? + +3) Any recommendations for someone to help on the tax side? My employer will pay for big4 but they’re pretty mediocre… + +Deliberately not posting to fatfireuk because it’s nearly dead … and because I basically want to take suburban America back with me when I go home… + +Any hints / tips massively appreciated. +I've created an open-source, highly-secure wallet at + +[https://api.trustedcoin.com/wallet](https://api.trustedcoin.com/wallet) + +The purpose of this wallet is to provide cold storage level security with close to web wallet convenience. + +The way it works is + +* User creates 2 different keys (on 2 different devices, if you want to be extra careful). +* The platform underlying the wallet (TrustedCoin) creates a 2-of-3 multisig P2SH address, where the user owns 2 of the 3 keys. +* When anyone tries to spend coins from this address, TrustedCoin will email and SMS the user with details of the transaction, and give the user 24 hours to cancel before signing and broadcasting it. + +So if your computer gets infected with malware, the worst it can do is spam you with spending attempts. + +If this should happen -- or if TrustedCoin were to disappear -- the wallet also allows you to combine both keys and instantly transfer funds to a new address. + +I'll be online for a while to answer any of your questions. + +Edit: several comments have pointed out (correctly) that you still have to trust the wallet creator. If you like the idea of the security TrustedCoin provides (i.e., notifying you of transactions and giving you time to cancel), I'd like to suggest that you reach out to your favorite wallet provider, and recommend that they integrate with the TrustedCoin APIs. +So as the title above says is pretty much it. + +I've been watching LRC for a while it was on my list of coins to invest in for the last several months, in future. I started with a bit of BTC, ADA, ALGO and MATIC. I'm relatively new to crypto and have been learning a lot from this sub and other resources to research and learn. I also had a Dodge fiasco. I invested $9 in Jan 2020 when I had some change left over after investing 3K in Tesla on RH (yes I know better now than to use them) and thew the $9 change in doge and forgot about it, which is kinda what I do I don't chart watch. But he on the other hand does. So lo and behold a year later he's talking about doge and I checked and discovered my $9 was now worth 2K. Hubs did the math and was pretty upset I didn't tell him to invest in them and that I didn't invest the 3k from tesla in them instead. I didn't know fuck all back then about crypto and I reiterated my choice would've still been the same unless I could ya know time travel lol. I still know shit all but have been learning. + +Anyway we have daily discussions about crypto and I'd also like the add he is very much an Ape. I didn't belive in it so stuck with crypto which he is now getting into. So this morning we talked about crypto and I had told him the increase and he fomo'd into it at the high and is now upset kinda at me. But I bought in at 0.5 and specifically had told him then and mentioned it previously in conversations as one on my watchlist for months. He's now chart watching and in panic mode over what to do. I intend to hold long term. + +TLDR; hubs fomo'd into LRC at the high, after I mentioned to him to buy into it way lower and is now mad and wants to sell 😑 + +UPDATE: He sold half, lesson learned I hope. I still hold ofc. + +Edited +Well, to be more precise, if you seal your portfolio in a box that you cannot reach and hook it on an API to an exchange that triggers a "Sell" or "Buy" order that cannot be stopped, depending on whether a Geiger counter detects a decaying atom caused by a quantum event, as long as you NEVER check your portfolio, you are simultaneously both ridiculuously rich and completely fucking broke and you can enjoy living the life of both while those states are superposed. The sole act of checking your portfolio will naturally determine the outcome. + +Edit: Holy crap thanks for the plat! +Stock markets go up and down. While it might feel like recent volatility is substantially elevated, that is only true versus the past two years. Long-term data suggests year-to-date stock market oscillations are in-line with historical trends over the past 25 years. + +* The percentage of trading days with a move of +/-1% is ***lower*** in 2018 than over the past 25 years, including and excluding the 2008-2009 financial crisis. To quantify, 2018 had had 22% of trading days with a move a of +/-1% in the S&P 500 versus a median of 28% over the past 25 years (23% excluding the crisis). +* The percentage of trading days with a move of +1% or greater ***and*** the percentage of trading days with a move of -1% or greater are ***both below*** the past 25 years. To quantify, 2018 has had 12% of trading days with a move of +1% in the S&P 500 versus a median of 14% over the past 25 years. Additionally, 2018 has 10% of trading days with a move of -1% or greater versus a median of 13% over the past 25 years. Both of these figures are also lower when excluding the time period of the financial crisis from 2008-2009. +* 2017 was an anomaly: it had the ***lowest*** number of +/-1% moves in the S&P 500 over the past 25 years by a wide margin (4% of trading days versus median of 28% across 25 years of data). Only 1995 was even remotely close, but even 1995 had nearly 2.5x the frequency of +/1% moves in the S&P 500 versus 2017. +* In ***every instance*** the market had a negative absolute return for a given year (highlighted in red in the table above), the number of trading days where the S&P 500 declined by -1% or more was >20% of all trading sessions in that year, versus approximately 10% of all trading days for YTD 2018. + +&#x200B; + +Source: [https://blog.milton.ai/stock-market-volatility/](https://blog.milton.ai/stock-market-volatility/) +I’m starting to shift my focus of finding good setups throughout the market to just mainly focusing on spy. I’m thinking this because you don’t have to worry about earnings dates or anything, tight spreads on the options chain and that spy will always go up as long as you have the time and there’s no major reasons for a crash. I was just wondering if anyone else takes this approach to mainly just swing/day trading spy and if not what are your go to stocks to trade? +So, my girlfriend and I are looking to buy a house soon (hopefully) and I have a question about the mortgage lending process. + +This is the first time I’m saying this to anyone, but I really f***ed up this last week and lost $5,000 gambling on sports. It is so uncharacteristic of me. I won $2,000 a few weeks ago. When I lost the first $1,000. I tried to win it back. I eventually found myself pigeon holed. I’m not happy with myself at all. But, not the time nor the place for that. So after losing ~$3,000 from my savings account. I’m now at $37,000. + +If we were to apply for a mortgage today, I know the lender will look at bank statements. Will we be rejected from the loan when they see my withdrawals to online sportsbooks? I’m starting to freak out about the situation. +I am 24, single and in the us. I have a job making $58k gross and was planning on going to medical school. The standard advice is to invest in a Roth if your planning on making way more in the future than you do now. Well, anyway, due to a lot of factors, I've decided not to go to medical school and to stay with my job. As of now, I contribute 4% to my traditional 401k and 6% to a Roth 401k and my company matches 4%. + +Anyway, now to my question. My same job offered me a promotion to relocate and become a manager at $88k. Should I start contributing everything to the traditional 401k? If my math is right, if I contribute 10% to the traditional 401k, it'll be about $8800, which would take care of all my income that is taxed at 24% and then some. + +So should I invest all 10% into a traditional 401k? Just the income that will be taxed at 24% and the rest of the 10% to the Roth 401k, or just continue as I am? Bear in mind I won't go to medical school anymore so my future earnings won't be much higher than what it is now, adjusting for inflation. + +Edit: This is all very helpful information. Thank you for your time. +I’m (25f) my boyfriend (22m) has incredible savings, credit score and has financial investments. I choose to not save and spend my money carelessly when I was younger so I do not have the same financial footprint as him. I recently saved up enough money to get a new vehicle (5,000), I’m a server and work for minimum wage ($11.86) my vehicle costs me about $900 a month between plates, gas and my loan. Which, is my WHOLE paycheque bi/weekly. So at the end of all that I only have around $400 left at the end of the month…. However, I’m impulsive and am having a hard time budgeting and still being able to enjoy my life a little. We are in the process of buying a house. Which is due to my boyfriend. I offered to pay for the lawyer fees and cover the taxes for the property. But, my boyfriend put a hold on that and told me to focus on school (currently in accounting class). I feel like I’m not contributing to our relationship financially as much as he is…. He’s a welder though and makes $32+ an hour. How can I better finances without selling myself short??? +My parents are in their mid 50s. They have very minimal retirement funds in their 401ks. My father only contributed for 3 years and my mother only contributed for 7 years. They do however have some savings about $6k (mostly prior years tax refunds) aside from their regular savings and rent out their back house so that provides them with some income to leverage their monthly expenses. + +I was wondering if I could use the $6k to put in an IRA even though they don’t have any taxable income for 2020. Or if it would even be wise to do this. My parents are not financially literate and it worries me that they won’t have enough money in retirement. +The devs have been a huge pleasure to talk to, even had afternoon and late night talks on discord about their vision of Charitas! Devs are full doxxed! Transparent as can be! Join the telegram and ask any questions you need to! Do ask for their LinkedIn and they'll show it to you 😉 + +This is an amazing Charity token that’s truly already begun to change the world. 🌍 + +This token is all about helping all types of charities by involving the community! Each time they’re about to make a donation, they get the communities input as to which charities should be chosen! This ensures that we help charities based upon current events.😇 For example given the situation with COVID, the first donation went out to “Doctors without Borders” who provide medical care to people in epidemics and natural disasters. + +We'll be having a Charity Community Poll tomorrow, lasting 24 hours! Even if you're not invested in Charitas, do share with us what you care about! + +There'll be live AMAs with the devs on Sundays and you can ask them any question you want! Canadians are oh so friendly :D + +Already have some big influences involved. We have “@RunandLift from instagram who is a training doctor with close to a million followers. We also have Rory Macdonald an MMA fighter who’s going to be promoting us after his next fight on 29th April. Do support him for his fight too! + +We're constantly looking out for promotions and partnerships to extend the Charitas Family. + +To give back to the Charitas Family, they even have an iPhone 12 Pro giveaway at 10m marketcap, including a $3,000 giveaway to the charity of the winner's choice! Its not much, but its still a token of appreciation for joining the family! + +Head over to our telegram group and join the Charitas Family! [https://t.me/CharitasANN](https://t.me/CharitasANN) + +Always DYOR! Once you see the benefits of this project, you can make an educated decision.😇 + +Useful Links: + +CMC: https://coinmarketcap.com/currencies/charitas/ + +Website: https://charitas.fund + +Chart: https://poocoin.app/tokens/0x6466849a30247D90f0c228A6c4b6b106ff18cAB9 + +PCS: 0x6466849a30247d90f0c228a6c4b6b106ff18cab9 + +I hope you’ll join us on this journey, thanks for reading! 👍🏽 +I swear I have not snorted one crayon too many. + +Hedgies need to keep the price down below their margin call price, I think we all understand this concept at this point. If the price gets too high they will have to put up more collateral. If the price goes high enough that they run out of collateral, BOOM, moass. + +But, recently, volume has been significantly lower than usual. This *should* make it much easier for someone manipulating the price to drive it downwards rapidly. Why haven't they just shorted the ever living fuck out of the stock to the point that it is driven way under $100? + +**Because it increases retail's buying power too much.** If the price goes to e.g. $50 apes can buy 3x as many shares for their money, meaning far more shorts, which means more expenses for SHFs, and more liability/exposure on their books. This will rapidly bring their margin call price lower. The lower the price, the faster we can eat into their upper limit. This is just as bad for hedgies as the price rising out of their control, because it will have the same end result (BOOM, moass). + +A very low price also means GME would become a much more attractive investment for average Joe who doesn't really have a clue what's going on with this stock, but maybe knows that gaming is a booming industry. Maybe they know the company has cash reserves alone worth about $22 per share. Maybe they know the chairman of the board had huge success in his last venture (chewy). Maybe they know that chairman has poached a shitload of staff from amazon, chewy and the likes, and is staging a huge revamp of the company and moving it into e-commerce. Maybe they've heard this company has the most devout following of shareholder customers ever seen. Maybe they've heard about a possible Gamestop crypto being developed. I could go on. + +The point is, if the price is dropping, it means hedgies are being forced to drop it because their margin call price is decreasing. They know they're not getting out of this alive - no one is selling. All they can do is drag this out as long as possible. + +When the price gets to a very low level or a very high level, the jig is nearly up. + +🦍🦍💪🏼 +💎🤲🏻💎 +🚀🚀🚀🚀🚀🚀🚀🚀 +Pro-tip from an old fart who's seen a lot of threads on here where one family member is finally making a good salary -- and wants to help -- but others don't understand what's prudent: + +Go see a pro. Even if it's just once, even if it's a mall kiosk or online YouTube video series. Tell everyone you're doing it, that you're getting professional advice on *how to make a long-range plan that will help the most over time*. + +Then when someone you love wants you to buy them a $$$ flat screen and you *know* that money is better off in the RothIRA, don't tell them *you* know it -- tell them + +"The financial advisor said I need to be putting X plan into place if we all want to be secure in the long run, and this doesn't fit the plan". + +or even -- "Gee, I've got everything set up on autopay so I can't possibly mess it up, and there just isn't enough in that account." + +In cultures that value age/experience, where you've got older people pressuring (you) the younger ones, passing the buck to an outside authority figure -- or settled *plan* -- can sometimes cut through a lot of stressful family dynamics. +We'll be downsizing soon and my wife would like to try high rise living - getting an apartment in a inner city centre. I'm a bit wary because of recent horror stories, eg. Mascot Towers and Opal Tower as well as various consumer reports of dodgy issues such waterleaks, etc. + +The question is how to mitigate the risks? Either buy outright or rent out our property and rent in a high rise apartment. Issues wear and tear on our property, tax, vagaries of renting, eg kicked out, rent increases, etc +It can be overwhelming when you jump into the crypto space. You find out about Bitcoin from a friend, family, or publication. + +Then you learn about Ethereum, Litecoin, and.. Doge 🐶😂 + +And thennnn you find out that there are thousands of other coins offering all types of random things, whether it be defi, Dex, smart contracts, etc. + +Now that we are having a little correction, rather than checking the folio everyday and worrying, it's a good time to research other projects, see what developers are doing and how their communities are growing. + +So I thought I'd give a brief guide into how I research crypto projects, and if anyone else has any more suggestions, please comment below to help the community. + +1 ) Understand how market cap, coin supply, and price works. This is one of the most important basics to know when looking into crypto value. The best way to do this is to use the formula price x circulation = market cap. + +2 ) what are the fundamentals. +- check the website and see it's well written. +- what is the project trying to achieve? +- who are their competitors and are they doing anything different to them? + +3 ) see if the founders of the project are anonymous or listed. Lack of transparency is a huge red flag in the crypto space. + +4 ) check the community +- are they on Twitter, Reddit, and telegram +- do they have an active community +- do the community talk about the tech or just speculate about price? + +5 ) what is the roadmap of the project? +- are they in test net, or are they live on main net +- what are they looking to achieve over the next 12 months + +6 ) do they have any partners? +- are they collaborating with any other crypto projects +- do they have any plans for adoption outside the crypto space. + +These are just some of the questions I ask when looking for a project to invest in. + +Hope it helps, and good luck with your investment! + +EDIT: Thank you for all the awards! +Guten Morgen to this global band of Apes! 👋🦍 + +The FTX contagion continues to spread, with no signs of ending anytime soon. +The extent of this scheme keeps expanding. +This event demonstrates the extraordinary risks of lax regulatory enforcement combined with inadequate disclosure requirements. +Like many ponzi schemes, it only works until it doesn't. + +Fortunately, GameStop's digital revolution wasn't built on FTX. +The partnerships that form the backbone of this future continue to remain strong, and I am incredibly bullish on the future. +There is certainly risk that this whole debacle taints people's impression of blockchain technology, but ultimately the tech that makes it possible is separate from the experiences that it enables. +As GameStop continues to roll out new features and expanding the possibilities, we'll see even more of the true potential. + +Today is Wednesday, November 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 55 minutes in: **$27.74 / 26,67 €** *(volume: 5893)* +- 🟥 50 minutes in: $27.74 / 26,66 € *(volume: 5883)* +- 🟩 45 minutes in: $27.77 / 26,69 € *(volume: 5883)* +- 🟥 40 minutes in: $27.76 / 26,69 € *(volume: 5879)* +- 🟩 35 minutes in: $27.77 / 26,70 € *(volume: 5879)* +- 🟩 30 minutes in: $27.76 / 26,68 € *(volume: 5869)* +- 🟩 25 minutes in: $27.67 / 26,59 € *(volume: 5865)* +- ⬜ 20 minutes in: $27.31 / 26,25 € *(volume: 3088)* +- 🟩 15 minutes in: $27.31 / 26,25 € *(volume: 2984)* +- ⬜ 10 minutes in: $27.26 / 26,20 € *(volume: 2670)* +- 🟩 5 minutes in: $27.26 / 26,20 € *(volume: 2670)* +- 🟥 0 minutes in: $27.23 / 26,17 € *(volume: 964)* +- 🟩 US close price: $27.59 / 26,52 € *($27.37 / 26,31 € 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 1.0404. 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 will achieve a whole coin hopefully by the end next year sooner if I can I'm 26 I realized how much money I was throwing away partying bars going out. Now since I'm woke and actually thinking about my future this gives me motivation to actually look forward to something! I always thought life was about fun and games but I'm getting older and need to buckle up for my future +Long story short, some people in the chain pulled out over job security which caused everyone to pull out. + +Cannot recommend homebuyers instance enough (we used Surewise). Ended up saving us around 500 pounds as we got back money from a homebuyers report as well as some non refundable searches the solicitor. + +All of this has made us realise that a 2 bed with no garden in London is maybe not the way to go, so at least some good has come out of it! +Just a heads up for those looking for a high loan to value mortgage(above 85%), you’ve got until September 2nd to convert your hsbc DIP to a full application. The 90% market is very poor at present with only Leeds, Virgin, Platform and Bank of Ireland offering standard products. + +Nationwide are available if you are a first time buyer and are not relying on a full gifted deposit. + +There are a handful of local lenders also offering products with very specific criteria such as living in a certain postcode area, having charges on your parents homes/savings. + +Hsbc will still offer rates up to 80% through brokers and up to 85% with them directly. +I'm curious about an extrapolation say 1 year, 2 years, 5 years, 10 years and 50 years down the line. To quote Joe Nocera: "So much for moral hazard, because you can't let AIG fail." +Bought 4 br 2 bath brick in lcol area for 71.5 + 10% sellers fee at auction. It has an inground pool but hasnt been in service for probably 5 years or less. + +Most advice i have gotten is fill it in, but i am still considering a new liner if that will get it ready for water. +Anyone have pool experience please advise. + +Also, how long from closing does an average flip take? +Hey everyone I am eyeing my first deal. I am meeting with an attorney next week to put together a purchase agreement. This is a FSBO duplex in a midwest college town. I want to know what your thoughts are on this deal? Please critique my numbers and if you like the spreadsheet go ahead and make a copy of it for yourself. Looking forward to seeing what you all think. I know many of you will suggest setting aside for property management, but I plan to manage all of my properties. Thanks in advance for your comments! + +&#x200B; + +[https://docs.google.com/spreadsheets/d/1nhQlURBQftsWEOMQNjOEPhqJFh\_LfDOg7NmzO4eRXBk/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1nhQlURBQftsWEOMQNjOEPhqJFh_LfDOg7NmzO4eRXBk/edit?usp=sharing) +A few months back I traded a duplex and a triplex back to the original owner in exchange for two homes I liked better. I wrote that transaction up awhile ago so if interested you can likely find it in the history of the sub. + +This particular home had not been well maintained but the resident was fantastic. We gave her more than adequate time to move out. Despite the poor maintenance of the previous owner the tenant had done everything in her power to make it a "nice" home and it showed. I informed the tenant that if she ever was looking for a home in the future that we would love to have her as a resident. + +We spent a fair amount of time and money fixing up the home. The home had previously been under rented at $1200 and the new rent was $1500 per month (3/2, fenced back yard, back porch and 1415sq ft of heated living space in a good neighborhood). Several weeks before we were publicly going to advertise the home the previous tenant called me and asked if we had any available rentals in the $1,200 range. I shared that we were full but I would love for her to see the house she had previously lived in to see how much it had changed. + +She walked in, walked around not saying much and after a few minutes said, "I'll take it." She already knew what our qualifications were and that she would be approved (and she passed with flying colors). First time in twelve years of doing this that I've moved a tenant out, fixed up the home and have had them move back in for $300 more a month. + +Saved us at least one month of mortgage payments and time interviewing other applicants. + +One big factor in renting to her again was that apart from being over qualified all of the neighbors loved having her has a neighbor and spoke highly over her. You cannot overemphasize putting good people in your homes that play well with others. + +Fun story: I was there when the tenants Mother visited the home and the first words out of her Mother's mouth were, "Is this really the same home?" + + + + +Been studying REI for about a year now, and I think I'm ready to pull the trigger. Wife and I are in our early 30s and looking to start down a road that will lead us to financial independence and maybe early retirement if we want. + +We have around $100k to invest right now. Wife is pretty apprehensive to real estate because some family members have been burned by some deals, so I'm trying to get her on board slowly before really diving in. Here is my simple plan I will lay out for her to get us going. + +With the $100k I plan on buying one house just straight up with a conventional loan. I'll keep the numbers extremely simple. Look to buy a $100k house with 20% down. I'll look for a house that'll need a little bit of work, but not a ton. Let's say $15k. So we will be in at $35k and in our area the mortgage will be \~$550 on a 30 year 3.75% rate. I would turn it over to a property manager. I'd hope to collect $1100-1200 in rent, pay the mortgage, and cash flow just a little bit every month. If all goes well, we will have around $60-65k left to invest, so if she's down, we would just do the same process all over again, and keep doing it every time we get around $35-40k to invest. + +The benefits of keeping it simple are principal paydown, tax write-offs, appreciation, build an emergency fund for the house for large capex things, and a little bit of cash flow. I'd eventually like to get into BRRR and multi-family stuff, but I think for a couple years of just keeping it simple. Am I missing anything in this plan or do the numbers seem wildly off? + +Edit: Forgot to mention would turn it over to property manager to make it a little more passive. +Should I hold them or try to hedge with IV drop? +I’m down 30% today from my long term puts that I bought last week and I begin to panic a bit. Dates are 4/17 and 5/15 + +Do y’all think market will go down further or sell at loss ? +Ok hi, so I'm a psychology ape with experience in clinical work (Dyadic Developmental Psychotherapy/attachment theory) and research focused on genetics and addiction. I love stonks but I'm no DD god so this is my contribution to the community. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Post breakdown: + +1. Three 10/10 phrases applicable to the post and this entire situation. +2. Meet n' greet with your brain. +3. Why feelings matter for MOASS. +4. MF MOASS LEVEL UP!!! + +*Knowledge is power.* + +*It is not the strongest or smartest who survive, it's is those who can adapt.* + +*Manage how you feel THEN manage how you exit.* + +Time to meet your brain! Why? because knowledge is power, thats why. + +[The three major brain divisions.](https://preview.redd.it/8w5b0c3e36t61.png?width=1500&format=png&auto=webp&s=aa44c97b2a3d114fe2938dbca4c31f4def60e25b) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +The brain is broken into three parts: + +1. *Primal brain* (Basal Ganglia) - hindbrain +2. ***Emotional brain*** **(Limbic System) - midbrain** +3. ***Rational brain*** **(Neocortex) - forebrain** + +Guess what? Your limbic system and neocortex are constantly communicating but they can only communicate in one direction at a time. Please allow me to introduce you to top-down and bottom-up processing. + +[Top-down and bottom-up structural processes.](https://preview.redd.it/hu9ima1496t61.png?width=480&format=png&auto=webp&s=86b320942ac69fe72eef9abee192e6710a985946) + +Right, so do you want to think like a predator ready to take down a HF or a paper-handing prey? Oh you say predator? Well then listen the f up. + +Your limbic system is responsible for all your feelies while your neocortex is responsible for managing those feelies. + +When we are excited or scared, our brain goes into a 'fight or flight' response which operates on bottom-up processing. In simple words, if you become excited or scared during the MOASS (a likely response) then you may be irrational and could act on impulse. + +No one wants to be, and no one wants you to be, an irrational ape during the MOASS. So it looks like your feelings really do matter (and fuck anyone who tells you they don't. no seriously, fuck them). + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +So whats the goal then? To keep your brain logical through top-down processing so you and everyone else can enjoy the MOASS. + +There are 3 approaches to this and each of them is part of preparing: + +1. Learn. +2. Desensitize. +3. Self management. + +Read the damn DD. Read up on exit strategies (listen up smooth brains, this is not a normal stock and traditional exit strategies may not be useful so do your DD or find someone else's). The more you know the more rational you are. This goes for your big bwain and its feelies too, learn how it works so you can be the best teammate you have ever known. + +Find creative ways to alter your current environment/thinking to resemble a MOASS scenario. Look at tickers with BIG numbers. Write down the varying amounts you can make. Discuss floors that seem impossible but are in-fact very plausible (a.k.a. 1 million). Buy a pet snake then mail it to Ken. + +Start familiarizing yourself with calming techniques and exit strategies. Start practicing those techniques when you are already calm so your brain knows what to do when euphoria hits. For example, if your practice deep breathing right now when MOASS is not wrecking havoc (in the best way) on your nervous system, then when MOASS does hit and you go, "ok time for a big bweath meow," your brain will go, "oh shit ok! we practiced this! I know what to do! I need to be calm and rational so I can make smart decisions about when to exit!!" + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Alright, time for a MF MOASS LEVEL UP!!! + +First off, you deserve this. That little FUD voice in your head saying you don't has no idea how much you deserve this. Show it that you do. Show yourself that you are worthy of reward. + +Second off, all you <10 share holders, you are the back bone of this community. Thank you! The majority of this community is made of people holding <10 shares and it would not be what it is without you. Your ability to hodl is superior and don't you forget it. You matter. Your shares matter. Your reward matters. + +I'm not writing third off (oops just did) because it sounds wierd. This post would be trash if I was not giving you resources so here they are. Now you can complete your MOASS level up. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Links for self management: + +[Reminders for Managing Behaviour](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/?utm_source=share&utm_medium=web2x&context=3) by u/oaf_king (warrior mentality, LOVE IT) + +[Psychological Warfare](https://www.reddit.com/r/GME/comments/mhxmra/psychological_warfare_strap_up_apes/?utm_source=share&utm_medium=web2x&context=3) by u/Strength-Overall (be better than your dopamine folks) + +[MOASS SOS](https://www.reddit.com/r/GME/comments/mdnohu/repost_therapeutic_techniques_for_managing_during/?utm_source=share&utm_medium=web2x&context=3) by me. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Links for addressing bag holding FUD: + +[Anatomy of a Short Squeeze](https://www.reddit.com/r/Superstonk/comments/mos6zf/anatomy_of_a_short_squeeze_and_why_no_ape_will_be/?utm_source=share&utm_medium=web2x&context=3) by u/franciscogil90 (A seriously good read. I took stats in uni, it made me cry twice and I wrote the first exam baked as a cake but I still liked this post and it didn't make me cry) + +[Price Predictions for MOASS](https://www.reddit.com/r/GME/comments/m90ob0/when_the_squeeze_starts_given_circuit_breakers_we/?utm_source=share&utm_medium=web2x&context=3) by u/TheMatrux (ya'll got time, it's all going to be ok) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Links for planning an exit: + +[One Easy Trick to Maximize your Gains](https://www.reddit.com/r/GME/comments/ma59zo/a_guide_to_zeroes_one_easy_trick_to_maximize_your/?utm_source=share&utm_medium=web2x&context=3) by u/ScalpelUser (👀 username.....) + +[Prepare or Risk Losing Profit](https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/?utm_source=share&utm_medium=web2x&context=3) by u/NHNE (10/10 for mentioning that halts are NOT BAD) + +[Indicators for thy exit Strategy](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/?utm_source=share&utm_medium=web2x&context=3) by u/NHNE (hello again) + +[Exit Strategy from yaboi Warden](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/?utm_source=share&utm_medium=web2x&context=3)!! You already know it's u/WardenElite (Personally, this is my favourite) + +\*Link titles are not same as OP titles + +Please send links, the more the merrier. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +All humour aside, if anyone has been struggling and is not sure how to manage when the squeeze comes, please reach out. I'll do my best to show up for you. + +Have a good night, stay safe and hang in there!!!! + +&#x200B; + +[By u\/Brokeorwoke](https://preview.redd.it/hh0h7cq3m7t61.png?width=320&format=png&auto=webp&s=c2a01e00e17cd054bc004a78ced45832f70952c2) + +Edit 1: Basic spelling and punctuation. + +Edit 2: Added links! + +Edit 3: Oops I didn't realize u/Brokeorwoke couldn't be linked in an image caption. Well, here it is. Art is hard so go upvote his work! +Something similar to the Investor's Chronicle podcast but specific to sustainable investing? Ones specific to other industries/topics would also be of interest. +I'm trying to buy some ETFs on IG's share dealing account and it says that the ETF I'm trying to buy is "Only available for trading on leverage". Can anyone explain to me why this is and whether I'm going to encounter the same problem trying to buy anything else on IG? +One common mistake I often see is always equating drops in price of shares to drops in price of normal goods; the idea that the price of a company decreasing in price is equivalent to a packet of chocolate biscuits decreasing in price. + +This ["It just got cheaper - I'm going to buy more!"](https://www.youtube.com/watch?v=TpCb3xjh-Kk) mentality is flawed. Because the future prospects of that packet of biscuits are a lot more certain than that of a company. Barring some type of baking error, you know what you're buying when you add that packet to your shopping basket. You know what you're getting: eating them all at once and hating yourself for doing it, most likely. So when the price of biscuits drops, it's usually a good thing: you just got a *known* product for a lower price. + +The same cannot be said of a company. Price is much more subjective. People can value the same company completely differently based on what they know, their analysis, and their view of the future. Value changes based on a consensus view. This is why the price of companies changes a lot - this view changes as the company at the surrounding environment evolve. + +Price is informational. Highly informational. In fact, it represents the aggregated information of all market participants at any point in time. When this price drops, unlike chocolate biscuits, this *may* be an indicator that the company is worth less. I italicised 'may' because this price is not always correct. Markets aren't perfectly [efficient](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp). Sometimes the price is wrong because of [FOMO](https://www.perpetualprudence.com/why-you-participate-in-bubbles/) or [FUD](https://en.wikipedia.org/wiki/Fear,_uncertainty,_and_doubt) or a particularly strong financial quarter for the company or whatever. + +And that's the game, really: trying to [determine](https://www.investopedia.com/terms/d/dcf.asp) if the price of a company represents "intrinsic value". + +One recent example is [Coinbase](https://finance.yahoo.com/quote/COIN/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALskSatihXas1wx8t_TEPuSU6hp8xTwgywxedgVQQ10dKytvhguIfWgHoBST-aSYpvepgYGzwWANs9dxPk-6TjAzVQDTroPAtvfk75HkyVgqXT5oKBfWQ-3tuDYujcMGk_ALUsHe-HNVRgLODcSCSbCmrC7wV63rUPT7XxowLabE). Did they just get "cheaper"? Or did the company prospects deteriorate? + +It's hard to say. + +\--- + +My point is that be careful when automatically preaching that some company got "cheaper" when the price drops. These are not like normal goods. Price is more informational. +Pains me to do it when prices are down, but I've just paused my monthly investments. +It's too uncertain out there. Who knows if I'll even have an income in a few months. I hate it, but staying in cash and flexible to make sure I can pay the mortgage and put food on the table for the family for as long as possible if my income dries up. +It turns out that being brave when others are fearful needs more reserves than I have +Hi all, + +As title suggests, I've been doing well enough with one of my investments that I am thinking about Capital Gains Tax. The investment is just in a standard fund and share account on HL, not an ISA. + +[http://imgur.com/a/SwH9YA1](http://imgur.com/a/SwH9YA1) + +The company, EUA, is currently up for sale and I am optimistic it will sell for a reasonable amount more than current share price. + +Any advice on the minimising the hit I'm going to take through CGT? I'm not against paying some tax on the profit but advice would be appreciated. I've heard of Bed and ISA but it's above the ISA threshold and I have two problems, firstly HL has stopped B&I during Covid so I would be doing it manually which takes time for funds to clear, and secondly I believe the shares are hard to pick up because they are sought after by big investors. + +Thanks in advance and nice to meet you all, first post here and relatively novice investor. +I have invested in Vanguard's Global All Cap ESG but as this covers developed world only, I want some emerging markets coverage. + +I was comparing the emerging markets ESG fund (IE00BKV0VZ05) to the emerging markets index fund (IE00B50MZ725) and a few discoveries have left me stumped. + +- The ESG version doesn't appear to cover Korea under "Pacific", instead pumping the remaining 13% into China and Taiwan. +- Morningstar actually gives the non-ESG fund a better sustainability index. I'm still pretty amateur, so not sure whether to take this with a pinch of salt. + +Any comments or wisdom on the above? Any reasons for the exclusion of Korea in the ESG fund? I am still tempted to take the ESG version to match my developed world ESG fund, which already covers Korea... +Hi All, + +I’ve been looking in to long term investing in to EWI, SMT and PHI, with a percentage of SMT - 40%, EWI - 30% and PHI - 30% + +But looking in to the holdings of EWI is anyone concerned about them being in a bit of a bubble with some of the bigger holdings like Zillow, Ocado and Tesla, I know SMT also holds Tesla but have cut it down to similar positions but I found EWI to have more bubble related stocks whereas SMT potentially is heading in to more genomics stocks which I think will be the growth in the future. Watching some of the EWI AGMs this morning, it seems like they’re investing in to more space related stuff but at lower percentages which is the future also. I also like how EWI do invest in things like Teledoc but it’s at such low percentages that if the bubble did burst for EWI you would see more of an impact. I like PHI because of the exponential growth opportunities in Asia and I can only see them getting better. I’m in 2 minds whether to go 70% SMT and 30% PHI or the above percentages with EWI in it + +Would like to see what people’s thoughts are on EWI being invested in to it, thanks in advance! + +Ive been working towards fire, like the rest of you. + + +I own and run a property management company and my wife is a realtor. We are currently building our portfolio of rental properties. +Our most recent purchase was a 4 Plex that will produce income between 1200-1500/ month. +Our plan is to continue to have purchases like this. + + +My question for you all is I don't see very many people on here using the "passive" income of the rentals as their fire number. It all seems to fall on stocks, ira, and 401k with the safe withdraw rate. Maybe a few rentals but as side income instead of the full income for retirement. +(Please don't explain how rentals are not passive) + + +We estimate we will need $6000/ month of "passive" income coming in to safely Fire. And we plan on doing that with rentals only. I do have some stocks that are slowly growing via small injections of money into DRIP but by no means is it where the bulk of our money goes. + + +Why don't I see more rental properties as the means to fire instead of stocks? +Coinbase has a rough counter on the website with the no. of signups. It was at 10,400,000 users about 48 hours ago, and now it's at 10,500,000 + +https://www.coinbase.com/about + +That's a football stadium full of people. New signups. I think that's kind mind boggling. +I started this study to find out which one is better between Nifty 50 or S&P 500 (in INR) for LONG term (10yrs). Basically better returns with less risk. + + +I got 17 yrs past data and took 10 yr rolling returns. I found out that the average returns comes out to be same and the risk (volatility or standard deviation) is also very similar 🙂 + + +So now I wanted to know if they go up and down at the same time.. if they don't (if they are not 'correlated'), I can safely put half money in Nifty 50 and half in S&P 500 to make sure that the journey is less bumpy. I did that and I can see negative correlation (-0.35) I was surprised to see this. Am I doing anything wrong? The study is below + + +[https://1drv.ms/x/s!Ap9ameidPNIipXWYFA9ux7xBVaPY](https://1drv.ms/x/s!Ap9ameidPNIipXWYFA9ux7xBVaPY) +I would like start with Michael Burry's view on index fund: + +“This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.” + + +Here is what I feel when we talk about actively managed funds, mostly fund managers buy/sell underlying assets with due diligence, avoid buying overvalued stocks and avoid illiquid stocks because it might create problems later while selling. + +On other hand for passive funds, fund managers are bound to invest more and more in same proportion even though stocks are overvalued, have to invest in illiquid/poorly performing stocks of index. + +What is your take on index fund/etfs ? +There may be parts on which 18% is levied but what is the fundamental problem if the final product attracts 12% GST instead of 18% GST? Was this increase done just for convenience? Why does every part in the supply chain need to have the same rate of GST? +I know one person who is putting 1 lac every month in index funds. I know he can afford this much as his salary is even higher. But is this a wise move or not? What is your comfort zone? If I would be in such situation I can't put now than 25k max. Irrespective of how much do I earn. +I have often struggled while understanding compounding. Particularly how it works for mutual funds. + +Let's say I invested x amount in a growth fund and received y units for it. The thing is, the number of funds that I own isn't increasing unless I invest more. + +So, how is compounding working here? + +Even when I invest more, I still don't get any additional units apart from the amount that I invested. + +I know that I might be getting the entire logic wrong. Could someone help me with it? Thanks in advance. +So I have a couple lakhs lying around doing nothing. What is a safe, reliable way to make it grow at a rate faster than the interest rate provided by FD, PPF etc.? + +Is buying residential plots around the capital city of a certain Indian state (Orissa) a good idea? This city (Bhubaneswar) hasn't seen a huge growth spurt yet. Even in the absence of growth, shouldn't prices rise given the current trend in real estate? + +I have also considered buying a small apartment in Bangalore but given the prices, scarcity of water and additional burden of a home loan for several more years, I don't think it is worth the effort.. + +What do you suggest? +**It’s been a while so I’ll give you an update on how things are going.** + +* There haven’t been anti-btc protest since sept 7th. Sept 15th was Independence Day so there were many reasons to the protest. There have been many protests (not btc) but that’s common in my country, its weird not having a protest between weeks LoL. + +**Do people hate btc?** + +* Not at all, some are afraid since they don’t understand, but the main concern is the law. Due to a large history of government corruption, people don’t trust government, there’s always a catch in this type of laws. I repeat, this has nothing to do with btc at all but how government handle things. + +**Chivo App (official wallet)** + +Chivo app is now available to most devices and it works fine most of the time although there are moments when either it’s on maintenance mode or simply die. There are some cases where chivo app stop working the moment you want to pay…some “karens” have made a fuss at supermarkets or fast-food restaurants, LoL. + +* Lightning network works fine. +* Layer 1 transactions still shows problems. (my $2 are still on the way since sept 8) +* Minor issues when sending money from chivo app to bank account. +* People are still selling the $30 btc bonus for $25 USD cash. (They even use facebook marketplace for promotion LoL. [Here's a pic altough in spanish](https://twitter.com/BairesQuezada/status/1442182539846684673/photo/1)) + +**Problems with registration** + +*I’ll explain this giving some context*, t*he main identification we Salvadoran have is called DUI which stands for “Documento Único de Identidad” (Unique identity document). This ID shows your photo, name, date and place of birth, if your single or married, parents name, your address and a 9-digit number. This number is unique to every person however it’s not something you maintain in secret. You usually use your DUI to when making a contract or any other legal procedure…or simply use it to prove your not underage when buying alcohol, LoL.* + +*By itself, the DUI number it’s useless, legal documents will also require you to personally sign aside other stuff. You can use your DUI number in raffles, polls and other stuff like that. People can’t robe or scam you just because you give them your DUI number, so nobody actually cares about keeping the number in secret.* + +Now that I explained that, here’s the issue. To register in chivo app and get your $30 bonus, first you type your phone number, DUI number, take a photo of your DUI and a photo of yourself, and type a security code (your standard KYC). People found out that, to complete the registration process you only need a phone number and DUI number, there is actually no verification of your ID and face photo, just taking a random photo will let you complete the registration. + +Some people take advantage of this and start craving for DUI numbers, there many data bases that have hundreds and thousands of DUI numbers, you can usually buy these things for marketing purposes (SMS - emails campaigns, segmentation, etc.). You can also buy a phone number for $1. + +You probably can get the idea of what the problem is…now that chivo app is available to most devices, people start discovering that their DUI number has already been registered, so they can’t use the app and even less get the $30 bonus. + +There haven’t been any official communication from government about this problem however the director of police department said in an interview that people who are doing these things will get arrested, investigations have started. [Here's an article](https://radioyskl.com/2021/10/07/pnc-detendra-en-las-proximas-horas-a-personas-que-suplantaron-identidades-para-acceder-a-los-3000-de-la-chivo-wallet/), altough in spanish, might have to use google translator. + +**Remittances** + +There are three main ways to send money from overseas to my country. + +1. Buy USD with a credit/debit card in chivo website and send directly to a relative’s chivo app.This has 0 fees although some banks may charge you like US Bank and Bank of America. Wells Fargo and Chase have 0 fees. +2. If for legal reasons you don’t have a bank account, you can get paid in btc and send it +3. or continue using businesses like Western-Union. + +**Btc mining** + +The power of volcanoes! ...(sigh) + +I’ll be honest and tell you all that this is marketing…at least for today, 2021. + +In my country we need to buy (import) electricity from other countries to meet the demand. So don’t expect a big mining farm from the get go, maybe in 10 years there will be a really big mining farm sustained with clean energy. + +Also, we are taking away this clean energy to direct it exclusively to btc. Good for btc, bad for my country. Anyways, thanks to this there might be mayor investments in geothermal energy. + +*Geothermal energy needs to be developed through time; it’s not just finding a vein of water.* + +Here is a [presentation with some data](https://www.esmap.org/sites/esmap.org/files/5-4%20GGDP%20Day2_El%20Salvador.pdf)…although it’s a decade old, it might give you some insights about geothermal development…it’s in English btw. + +There’s also the math of the cost of btc mining and the actual gains but since I don´t have any information I´ll skip that for now. + +**People’s behavior** + +As I’ve said multiple times, nothing has really changed, we just have a new payment method. + +People are starting to know how btc works, the bearish and bullish market, etc. On a daily basis there’s no difference between USD and btc, people are showing interest in crypto as an investment method and not a currency…most businesses like restaurants and supermarkets accept btc as payment, there are others who only accept USD, either because they’re against it or don’t give a shi… there are others who doesn’t accept btc because people don’t show interest in paying with btc. + +There was also a big promotion in the price of gas, minus $0.20 for a gallon. However, I don’t see a big fuss about this…which is weird… the promotion will end around October 14th so I’ll wait for any data that might come out. + +Unfortunately, we don’t have any data about chivo aside the presidents’ tweets, which I personally don’t trust as a source. There are some polls out there of how many people uses btc as payment but I still think it’s to early to get that type of info, consumer behavior wont change in a short period of time. + +\---- + +Truth to be told, foreigners might feel more the hype than Salvadorans LoL. + +As always I’ll try to answer your questions and explain things as long as I can. +I took a deeper look into the unusual option flow from this week and found a few interesting plays. Let’s take a look, shall we? + +For those that want to scan for options activity, you can check out [options flow scanner](https://www.swaggystocks.com/dashboard/stocklabs/option-flow) here. + +**AMZN – Amazon Inc** + +A player opened a $47 million dollar bet, short straddle, in AMZN last week. They sold to open 1,000 of each PUT and CALL September 18 contracts at the $3015 strike price to collect a total of $47 million in premium. The player stays profitable if AMZN stays in between a price range of $2,500-$3,500. The closer AMZN stays at $3,000 price after earnings, the morning money the player will keep. This bet looks like they aren’t expecting earnings to move Amazon that much and are trying to capitalize on the premiums from high volatility at the moment. + +https://preview.redd.it/gmbnwrr56ub51.png?width=2748&format=png&auto=webp&s=420e1478e6b022c772abff830931d340b525ccf3 + +**BABA – Baba Holdings** + +Big call buyer in BABA last week. Player opened a $55 million dollar position with 18,000 contracts in August 21 CALLs. BABA had a good run up recently, but has dropped slightly since reaching all-time-highs not long ago. This bet is suggesting the player expects for the stock to have another pop in the short-term. + +https://preview.redd.it/nrl1ltw86ub51.png?width=2742&format=png&auto=webp&s=32b6ecf1906977d7278a9f3bba8b21a818c0056a + +**HUYA – Huya Inc** + +Another Chinese stock in play was HUYA. This stock doesn’t normally see a whole lot of unusual options activity, so this trade stood out quite a bit. A player purchased 2,500 CALL contracts at 9% OTM with an expiration in October, 2020. This is a pretty directional bet with a high risk factor due to how far OTM the position is. The position is valued at about $600k and they are expecting the stock to rise over the next 3 months. + +https://preview.redd.it/cl4uephc6ub51.png?width=2904&format=png&auto=webp&s=3782ddef867094efb31c2641458621ba18e43801 + +**ESTC – Elastic** + +Player opened a long position that expires August 21, before the earnings reports for ESTC. ESTC is a cloud/software/SAAS platform, perhaps they are expecting the stock to rise as other tech companies report solid earnings. + +https://preview.redd.it/kmkao1ne6ub51.png?width=2738&format=png&auto=webp&s=8a529cfbece8d4794fdfa767f2696fe5bf20e3a1 + +**HD – Home Depot** + +Saw some high call volume in HD on Friday. Total value of call positions was about $25 million on Friday where as a typical day for HD option volume is approximately 2-5 million daily. Biggest plays were both for August 21 calls at the 200 and 220 strikes with values of $18 million and $6 million, respectively. HD reports earnings August 18. The player is expecting the stock to have a good run up before earnings as expectations are high for a good quarter. + +https://preview.redd.it/gqpypfyg6ub51.png?width=2742&format=png&auto=webp&s=50ed4f7a72e5a25cd82e606ac7ff1c728ce73d42 + +**MAR – Marriott** + +Marriott has been seeing some bullish flow recently. Some positions that caught my eye were multiple positions of players selling PUTs. These could potentially be another leg of a bigger position, but it seems like the player is expecting MAR to have hit a bottom. As long as MAR stays above $85 (now $91) in the short-term then both players will realize maximum profit from their position. + +https://preview.redd.it/vmz531bk6ub51.png?width=2730&format=png&auto=webp&s=e0b5fe34f86d66941c574c9f32fa2f6fe53750b1 + +**MRNA – Moderna** + +Everyone knows the news of the MRNA vaccine. On Friday, players continued to buy into strength expecting the stock to continue it’s rise up over the next several months. $90 million in calls were purchased on Friday, most positions were relatively far OTM, which shows confidence in the bet. + +https://preview.redd.it/tbix795n6ub51.png?width=2748&format=png&auto=webp&s=46837f18fe672a9b173a34341ff532d31819b820 + + +[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!* +On of my roommates texted me saying they just started working in financial services and that his new employer requires, "per federal regulation and company policy" that I send him statements for all my financial accounts. This doesn't sound right to me and don't want to send any info to him unless I absolutely have to (also met him ~1 month ago). Any thoughts are welcome, thanks. +I hear a lot of talk lately about the concerns of Palantirs stock lock up expiry and how that could trigger the employees to sell their shares, which could cause a major dip in the price. Now, I could be wrong but I think this theory is being blown way out of proportion. PLTR is a 15 year old company, they just went public a few months ago, and they have now started securing large contracts with government, military, and now are spreading out to more retail clients. The financials up to this point have been good, so unless the quarterly results released soon are absolutely atrocious (which is not likely), I can't see any reason why employees would want to sell their shares. Why would you sell your shares just as your company is making a huge name for itself? Unless of course, they sell just to secure a profit from their initial investment and then buy back in right after, which would just bring the stock price back up again. I hear a lot of people reluctant to buy PLTR just yet because they think employees are going to go crazy selling their shares, but I can't see them doing that. I could be totally wrong, and I would love to hear how others are viewing this. Let me know if and why I'm wrong, and what you think will happen. +We have recently reached over 4 million users in the r/cryptocurrency which is nothing short of amazing. There has been a big influx of new users to this sub and as such I wanted to contribute something that will help those who are new to cryptocurrencies to understand a bit more about top 10 cryptocurrencies by researching the PROs and CONs of each of the top 10 crypto coins. For obvious reasons I skipped the stablecoins. + +&#x200B; + +Are you new to crypto? Welcome! Veteran trader with no emotions left? Welcome bud, have a seat and light up that cigar. + +This took a long time to research and write-up everything so if you enjoy it, I appreciate your feedback. + +&#x200B; + +Alright, bring your cocoa and get cozy, Papa is ready to tell you about these bad boys. Let's start from the top; + +&#x200B; + +&#x200B; + +# #1 Bitcoin - BTC + +&#x200B; + +**The grand-daddy of crypto. The biggest and the meanest. The all-father.** + +&#x200B; + +\+It is the biggest and most stable crypto out there, everyone knows it and the community that supports it is the largest. Institutions, funds and companies hold BTC and the number of them is increasing every day. + +\+Safest bet in cryptoverse and only 21 million of BTC will ever exist. A lot of that BTC has been lost forever and as such illiquid. + +\+It's a synonymous with the word crypto and digital gold for a good reason. It's considered one if not the best store of value to hedge ever increasing inflation! + +&#x200B; + +\-Movement is sometimes slower than altcoins. + +\-Transactions are slow and can get pricey even though Lightning network updated is trying to fix the scalability issues at the cost of + +\-Smaller potential for high returns + +\--------------------------------------------------------------- + +&#x200B; + +# #2 Ethereum - ETH + +&#x200B; + +**The original altcoin and second biggest crypto right after BTC.** + +&#x200B; + +\+Insane support for dapps, smart contracts, defi and so on + +\+Good support even in dips + +\+Very good support in community + +&#x200B; + +\-We are still waiting for full Ethereum 2.0 release + +\-Transaction fees can get outrageous, be vary when transferring to wallets + +\-Other altcoins are slowly gaining on ETH in terms of tech, smart contracts and other aspects + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #3 Binance Coin - BNB + +&#x200B; + +**Utility token that wanted to become more** + +&#x200B; + +\+Big popularity among Binance users and others + +\+Fast transactions, low fees and constantly getting burned which lowers supply cap + +\+Allows cross platform usage with Binance Smart Chain (BSC) + +&#x200B; + +\-Centralized AF + +\-Binance is a Chinese led company which is a concern on it's own + +\-BNB is almost a complete copycat of Ethereum and has had very few new developments over the years. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #4 Solana - SOL + +&#x200B; + +**Recently Solana has shoot up the charts and claimed the 4th spot. Good base with a solid ecosystem and a bright future. Pun intended.** + +&#x200B; + +\+Solana Ecosystem is extremely fast and efficient + +\+The fees are extremely low, typically costing 0.000005 SOL, or about $0.001. + +\+It successfully hosts over 250 applications on its ecosystem and an unique Proof of History system. + +&#x200B; + +\-Very centralized which showed nicely on Sep 14, when team took down the network due to technical issues. Also heard in "D in Solana stands for decentralized". + +\-Proof of History consensus is still in early stage of development and hasn't been tested as much. Number of validators is low and has some really BIG whales. + +\- Same as other PoS systems it's typicalls prone to micro transaction attacks like Nano in 2021. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #5 Cardano - ADA + +&#x200B; + +**Child of Charles Hoskinson which has been growing steadily despite recent dips. Recently implemented long awaited smart contracts.** + +&#x200B; + +\+Super easy to stake it and reap rewards with Yoroi and its DPos staking buit in right in the app! + +\+Cardano has support for native tokens without any need for smart contracts meaning that you don't need to pay for gas fees on it's network. + +\+Cardano has a massive support from the followers and Charles is a very likable face of ADA. + +&#x200B; + +\-Recent smart contract upgrade didn't live to the hype. + +\-Cardanos main thing was cheap and fast transactions which many of the other PoS coins now have and more. + +\-Staking on Cardano is great but competitors like DOT take it to a higher level. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #6 XRP - XRP + +&#x200B; + +**The good ol XRP which SEC is still trying to take down and keeps failing at every step.** + +&#x200B; + +\+Close to 0 transaction fees (0.00001 XRP per transaction)) and super low environment impact with low energy consumption + +\+It still has a MASSIVE fanbase despite SEC fiasco and large organizations support it + +\+There is a lot of talk about XRP becoming a big gaming-oriented currency (unreliable sources) + +&#x200B; + +\-The lawsuit. + +\-Big market supply that was pre-mined by Ripple. + +\-There are many competitors that do most of what Ripple does with better tokenomics. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #7 Polkadot - DOT + +&#x200B; + +**Let's Polka! Very popular crypto nowadays with their recent release of crowdloans.** + +&#x200B; + +\+It's already solving the scalability problem faster than ETH is! Excellent transaction speed and very low price. + +\+Amazing support by the developers and superb PoS consensus with crowdloans + +\+Amazing ecosystem that hosts over 490 projects that are built on Polkadot + +&#x200B; + +\-Crowdloans are locked for 2 years on DOT which is a LONG time in crypto + +\-Same as other PoS systems, there are WHALES and a lot of them. + +\-Absolutely foolish system of having to keep minimum 1 DOT in wallet to keep it alive . Also not very newbie friendly due to the massive amount of options that they give to users. (You can also count that as a PRO if you are experienced). + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #8 Terra - LUNA + +&#x200B; + +**A very hot L1 project that you probably heard about LUNA recently when it started it's rocketing to the...LUNA?** + +&#x200B; + +\+Fuels whole Terra network and supports Terra stablecoins and payments. And Terra has a really deep wallet and they are using it to support their project. + +\+Allows swapping of stablecoins which makes Terra awesome for cross border payements. The Mirror and Anchor protocols on Terra are impressive. + +\+LUNAtic community of supporters and some big names of the industry world + +&#x200B; + +\-Stablecoins are not backed by cash so it can crash the price of LUNA. Regulation on stablecoins can affect it. + +\-Regulators be eyeing Terra like (≖ ͜ʖ≖) + +\-Tokenomics are sketchy and we still don't know how exactly that went down back in the day + +\--------------------------------------------------------------- + +&#x200B; + +# #9 Avalanche - AVAX + + **The fastest smart contracts platform in the blockchain industry.** + +&#x200B; + +\+Easy porting of Ethereum Dapps or even other blockchain to AVAX + +\+Good decentralisation, low fees, superb customization + +\+Latency or "finality" of Bitcoin is 60minutes, Eth is 6 minutes but Avax claims sub 1 second finality that is completely irreversible and has ability to process 4500 TPS! + +&#x200B; + +\-Recently AVAX got overwhelmed by the sudden rise of users and the fees went almost ETH levels. + +\-Not as many projects built on AVAX compared to others on this list and staking options are odd and unflexible. Poor user experience and newbie unfriendly. + +\-Some people argue that AVAX security is poor since they dont enforce shared security across the network unlike Polkadot. + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +# #10 Polygon - MATIC + +&#x200B; + +**Polygon or formerly Matic is a L2 scaling solution on ETH network.** + +&#x200B; + +\+Enhancing ETH network with its solutions = ETH with cheap gas fees!!! + +\+Good support of the fanbase and strong DeFi integration support + +\+Extremely low fees (you get enough MATIC from a faucet to perform 10 transactions!) and great TPS on sidechains + +&#x200B; + +\-There is a doubt that Eth 2.0 could make it obsolute (Vitalik denied that though) + +\-Long, long, loooong accumulation time which put off some people from investing in Matic + +\-Many L2 competitors such as Loopring, Arbitrum (which our moons run on), Optimism and so on + +&#x200B; + +\--------------------------------------------------------------- + +&#x200B; + +This is it guys, Top 10 cryptocurrencies summed up! I've been researching for a long time and it took a few hours to write this up and try to present the pros and cons in an understandable way. I very much hope this write-up helps you and if it did, I highly appreciate your feedback. It helps immensely with my motivation to keep writing posts like this. Any thoughts, recommendations or anything are more than welcome :) + +&#x200B; + +Have a superb start of the week my people! Let's wake up into green. +>Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. + +>Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13. + +>The world's richest man, who is the CEO of Tesla, tweeted that he doesn't plan any further sales of the company's shares. He still owns just over 168 million shares in the electric carmaker, via a trust, Agence France-Presse points out. + +>Most of the sales took place on Tuesday, when Tesla shares closed down 12%, a huge single-day drop. + +>Analysts said Tesla investors fear Musk will be distracted by Twitter and less engaged in running the electric car company. Twitter agreed to be acquired by Musk on Monday for $44 billion. + +So, Musk feels that this $4 billion is more wisely invested in Twitter than in Tesla? +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, this once again feels like one of the moments where quite a lot of pressure has been building, just before it all releases. +The sustained downward pressure from the SHFs has kept the price fairly well-contained over the past months. +The brief upward breakout a few weeks ago was quickly halted and shorted back down, but clearly we haven't seen the conclusion of that. +As we descend upon the holiday season, keep one thing at the top of your mind. + +*The shorts never closed*. + +Today is Wednesday, November 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$24.90 / 24,91 €** *(volume: 1299)* +- 🟩 115 minutes in: $25.01 / 25,02 € *(volume: 1299)* +- 🟥 110 minutes in: $25.01 / 25,02 € *(volume: 1299)* +- 🟥 105 minutes in: $25.07 / 25,08 € *(volume: 1298)* +- 🟩 100 minutes in: $25.21 / 25,22 € *(volume: 1261)* +- 🟥 95 minutes in: $25.10 / 25,11 € *(volume: 1261)* +- 🟩 90 minutes in: $25.20 / 25,21 € *(volume: 961)* +- 🟩 85 minutes in: $25.10 / 25,11 € *(volume: 870)* +- ⬜ 80 minutes in: $24.92 / 24,93 € *(volume: 784)* +- 🟥 75 minutes in: $24.92 / 24,93 € *(volume: 784)* +- 🟩 70 minutes in: $24.97 / 24,98 € *(volume: 605)* +- 🟩 65 minutes in: $24.93 / 24,94 € *(volume: 465)* +- 🟥 60 minutes in: $24.90 / 24,91 € *(volume: 465)* +- 🟩 55 minutes in: $25.00 / 25,01 € *(volume: 458)* +- 🟥 50 minutes in: $24.87 / 24,88 € *(volume: 439)* +- 🟥 45 minutes in: $24.88 / 24,89 € *(volume: 433)* +- 🟥 40 minutes in: $24.89 / 24,90 € *(volume: 283)* +- 🟥 35 minutes in: $24.90 / 24,91 € *(volume: 283)* +- 🟩 30 minutes in: $24.90 / 24,91 € *(volume: 258)* +- 🟥 25 minutes in: $24.89 / 24,90 € *(volume: 255)* +- 🟩 20 minutes in: $24.90 / 24,91 € *(volume: 255)* +- 🟩 15 minutes in: $24.90 / 24,91 € *(volume: 252)* +- 🟥 10 minutes in: $24.89 / 24,90 € *(volume: 32)* +- 🟩 5 minutes in: $24.89 / 24,90 € *(volume: 10)* +- 🟥 0 minutes in: $24.87 / 24,88 € *(volume: 10)* +- 🟥 US close price: $25.14 / 25,15 € *($25.18 / 25,19 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9996. 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! +Hi all + +I'm looking at a company that recently wrote down all the goodwill on their balance sheet. I adjusted for this by adding this charge back to net income for the year. I was reading their financial statements, however, and there was a note: + +"Excluding our non-cash goodwill impairment charge and related income tax effect, we had net income of $X million, or $X per diluted share" + +This value stated in the 10-Q is higher than my adjusted value, implying that the impairment expense caused a higher tax to be reported on the income statement than otherwise would have been. Could someone suggest a reason for this? + +I was under the impression a goodwill impairment expense was not tax deductible, and even if it was, that would mean a higher stated net income, rather than lower. + +For anyone interested, the company is AOUT, note is on FY22 10-Q. + +Thanks +First off, I just found out that this place exists and I’m so happy it does. Most of the “investing” talking that goes on within Reddit is ludicrous. I often spend time looking at r/wallstreetbets because that place is simply hilarious in the amount of insanity that happens there. Pretty much the exact opposite of my investing thesis. + +Anyways, one of my favorite things about the market is finding out about new companies and then researching them. So, to question the crowd here, what are some stocks you’ve seen that are attractively valued and your reasoning? We’re living in a very overbought market right now but there’s always opportunities. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +I’m reading Peter Lynch and he talks a lot about buying companies that are undervalued relative to the assets they have on hand. How do you find out what the assets are and how much they are worth??? +And if you do - What happens if you have to buy the stock? Do you need to hold the stock for a certain amount of time or can you just sell it right away? +FL's financials look strong. Its net income in the last twelve months is over a million (previous years never cracked above 550k. It's got plenty of money to pay off its long-term debts. Its EPS has gone up for four consecutive quarters, including an absolute crushing of earnings last quarter (1.01 estimate, 2.21 actual). Add all that to the fact that it's currently trading at a P/E ratio of less than 5 (with a forward P/E of less than 7) and everything looks rosy. + +Yet despite all of these strong financials, the stock has retraced 50% from its climb out of the COVID crash (reached almost $65 in June, but is now down to $47). I'm suspicious (and I could definitely be wrong) that this is because of the uncertainty around malls in the US, since Foot Locker makes most of its money from its stores. It could also be that investors feel this is a temporary high from people who are eager to shop at stores again instead of being cooped up at home, and that long-term momentum may not be sustainable. + +I trust the financials enough to have grabbed one share on Friday. I might add to it if the price falls more, but at this time, I'm keeping my position small. +So I've been reading this book and am currently in the Analysis of Income Account part. Something that's frequently mentioned is charging surplus instead of earnings (example: depreciation) or including things in earnings instead of surplus (example: sale of assets). Since this was written in the 1930's I'm wondering if today this accounting technique is still common or even allowed and if there's anything in this book that is no longer relevant due to change of regulations. +Dropbox is a company that's been public for less than 4 years and the price today ($21.74) isn't that far from its IPO price of $21. + +The goal of this post is to analyze the company's fundamentals, provide insights about the key topics and value the company as a whole. The purpose is purely for education. + +As always, link to the video for those who prefer to watch: [https://youtu.be/n98eZ2wpAgY](https://youtu.be/n98eZ2wpAgY) + +&#x200B; + +**What is Dropbox?** + +It is a cloud storage solution where content can be accessed from anywhere and shared with others. Today, with all the storage alternatives that we have and the progress that has been done in this field, well, it doesn't sound as revolutionary as it did 15 years ago. + +&#x200B; + +**The key numbers** + +As it is a subscription-based platform, the number of users plays a big role. This is what a lot of analysts pay attention to and although they look at the exact same numbers, they end up with different conclusions about the future of Dropbox. + +\#1 - Registered users - Over 700m! - This is the first big number to focus on. This number is roughly 10% of the world population, so they are able to reach a lot of people. + +\#2 - Paying users - 17m - Wait, is that a typo, that's only 2.5% of the total users. No, it is not a typo. Only 2.5% of the registered Dropbox users are actually paying users. + +The question is, can they convert more users to become paying? Do you trust in their ability to do that? Here's when the analysts are clashing. On one side, the bulls are painting the picture of a future where the conversion is high, while the bears are asking the question where will this conversion start? This is a fair question as the users were there last year, the year before, and the year before... + +&#x200B; + +**The financials** + +The revenue formula is simple, **# of paying users** multiplied by the **average revenue per user**. Both of these numbers have been increasing and that reflects in the total revenue. The users, we already touched upon that earlier and it is clear that it depends on their ability to convert. The average revenue per user depends on their ability to either charge more for their existing service (which is tough, as their competitors are all giants - Apple, Google, Microsoft, Amazon) and their ability to create new product offerings (through R&D or through acquisitions). + +However, the growth of the revenue has been declining. From **19%** growth in 2019 to **15%** growth in 2020, to **13%** growth in 2021... + +What about the pandemic? With the huge change from the traditional working environment to the remote/work-from-home, yet, surely the demand for this is surging. When I started analyzing Dropbox, I was expecting to see a surge in the revenue, so seeing that it isn't there, I was a bit disappointed. + +As for the margins, they keep improving over time: + +\- Gross margin improved from 72% in 2018 to 80% in 2021. The cost of service represents the expenses associated with the storage, delivery & distribution of the platform/services, not only to the paying but also to the free users. so, free users burn some of Dropbox's cash. + +All the operating expenses decreased as % of revenue between 2018 and 2021: + +\- R&D from 55% to 34% + +\- Sales & Marketing from 32% to 20% + +\- G&A from 20% to 20% + +So the operating margin improved from -35% to 13%. Is there room to grow? Yes, absolutely. Based on the management's guidance, they can improve at least an additional 7% in the future, hence, the margin will be over 20%. On top of that, the investments that they make in the equipment cost them less than the historical amounts that they've paid, so the margin will increase even further over time. + +&#x200B; + +**The key topic - the cash!** + +One of the topics that you'll notice appearing most, especially around bull analysts is the free cash flow of the company and the expected increase in the coming years. + +The free cash flow grew from $392m in 2019 to $491m in 2020, to $708m in 2021, and is expected to reach $1b in 2024! + +The market cap today is roughly $8b. So, that's roughly 12.5% free cash flow yield (2024 is not that far, so I'm simplifying this). In theory, if Dropbox is not growing at all, and just pays the $1b out to the shareholders, that should bring a 12.5% return every single year, right? Well, not really. + +We need to step back to better understand this. The free cash flow formula is quite simple: + +Free cash flow = Operating cash flow - Capital expenditures + +It represents **the cash that is free for the management** to decide what to do with it, whether that is buying back shares, paying it out as a dividend, acquiring a new company, or, well, just nothing yet. + +As this is looking through the prism of cash and it doesn't take share-based compensation (it is not a cash movement) and it doesn't take acquisitions (Dropbox had 2 of them in the last 3 years, totaling over $300m) because that depends on management's decisions. + +You might be wondering, well, isn't acquisition capital expenditure? It definitely falls in the same category, but free cash flow doesn't represent what's free to distribute to the shareholders. Again, it is the free cash flow left **for the management** to decide what to do with it. + +If you notice, the free cash flows mentioned above are quite far from their operating result. The main reason is stock-based compensation, which is huge! It is roughly $300m/year. What does this mean? + +Part of the employee compensation is not paid in cash, but in stock options/shares. This is not a cash expense, hence, looking through the cash lense, it just isn't there. + +If Dropbox wants to maintain the number of shares outstanding, it would need to spend the $300m and buy back shares. Have they been doing that? Yes! The number of shares decreased by roughly 10% in the last 3 years. But it wasn't free, it cost them over $1.6b! + +This is important to understand, so whenever we encounter free cash flow, we don't assume that's what is free for us as investors, because it isn't. The free cash flow for the investors is a lot lower. + +&#x200B; + +**The valuation** + +I used a DCF model to estimate the value of Dropbox. Below are my assumptions: + +**- Revenue**: To increase 7% per year in the next 5 years, then slowly decline to 3%. - In line with the average analysts' expectation. + +**- Operating margin:** To increase to 24% over the next 5 years. + +**- Discount rate:** 6.7% to increase over time to 9.64% to reflect the environment that we're in today (with the FED increasing rates) + +\- **Outcome:** $14.82/share + +The DCF takes into account the $1.5b in cash and $2.4b debt that is on their balance sheet (As of Q1/2022) and the $650m equity options outstanding. + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will grow by 75% in 10 years and the operating margin will be 24%. I could significantly be wrong in my assessment. + +Let's take a look at how the valuation of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|22%|24%|26%| +|:-|:-|:-|:-| +|50% ($3.3b)|$11.4|$12.7|$14.0| +|75% ($3.9b)|$13.3|$14.8|$16.3| +|120% ($4.9b)|$16.6|$18.4|$20.3| +|150% ($5.5b)|$18.2|$20.2|$22.2| + +**My thoughts** + +Dropbox is operating in a fairly competitive field and the fact that it couldn't significantly grow during the pandemic shows that the alternatives are more appealing. + +The # of registered users is definitely a huge number, but unless they are monetized, it doesn't add value.. Can they convert a significant portion? Based on the historical data, there's not enough proof, hence I do not feel comfortable including that wishful thinking in my forecast. + +I am looking forward to reading your views about the company and feel free to provide feedback regarding the analysis, that is always appreciated! +Goodyear Tire & Rubber (GT) seems like a solid investment given the following: + +1. **Price of rubber —** Over a 10+ year time horizon, the $/pound of rubber seems cheap. Given the inelasticity of rubber demand, this would positively impact Revenues as well as Profit Margin %. [Global price of Rubber (PRUBBUSDM) | FRED | St. Louis Fed](https://fred.stlouisfed.org/series/PRUBBUSDM) +2. **Road-trip travel demand is underestimated —** I've been hearing so much about pent up demand to travel by airlines, but what about the All-American family traveling by car/RV? For those that haven't done traveling over the past year, tires are a necessity. +3. **Employees return to offices —** As an employee that has WFH since last March, our employer is now expecting us to return to the office by end of summer. Once this happens, I personally will have to get my tires replaced. I expect millions of Americans to do the same. +4. **Inflation Hedge** — Returning to point #1, the inelasticity of demand will allow GT to pass price increases to the consumer instead of GT retaining these price increases. + +Feel free to roast me and/or critique my logic. + +***Disclosure of interest:*** 07/16/2021 18.00C; 10/15/2021 19.00 C +First off, I just found out that this place exists and I’m so happy it does. Most of the “investing” talking that goes on within Reddit is ludicrous. I often spend time looking at r/wallstreetbets because that place is simply hilarious in the amount of insanity that happens there. Pretty much the exact opposite of my investing thesis. + +Anyways, one of my favorite things about the market is finding out about new companies and then researching them. So, to question the crowd here, what are some stocks you’ve seen that are attractively valued and your reasoning? We’re living in a very overbought market right now but there’s always opportunities. +All the mid-small cap companies in the appearall retail sector look really undervalued. Quick ratio's are sometimes a little low but it's retail so that's to be expected. Other than that I couldn't really find anything so does anyone know why that is or is the market just not paying attention to the sector? +After reading about FCF, I saw an example of Michael Burry describing how to calculate MCE, being that most companies don’t specify this number on the Cash Flow Statement. + +He recommended using depreciation as a substitute for MCE instead of Net CapEx when trying to calculate FCF. Is this a logical substitute? + +Personally, it makes sense to me to use in order to distinguish between maintenance and growth but I was curious what others think. +So I recently saw a video by Sven Carlin that focused on small cap stocks using a certain formula. I made a screener and this stock popped up in it and it's definitely gotten my attention. I will look into it a lot deeper myself but thought I could ask this sub if anyone has any opinions on it. + +Gravity Co is a South-Korean game developer that focuses mainly on the Asian market but is also distributing internationally. The formula that Sven Carlin gave to find good small cap stocks was as follows; + +\- Revenue has doubled in 10 years (in the case of GRVY, 50mm in 2011 --> 371mm in TTM) + +\- Earnings have tripled in 10 years (13mm --> 70mm) + +\- EPS have quadrupled in 10 years ($1.87 --> $10.11) + +\- Free cash flow yield > 10% (12,9%) + +Now something that plays a big part in the attractiveness of this company is their balance sheet; their cash + accounts receivables equals to 255mm with total liabilities of 72mm which makes for excess cash of 183mm. Taking this into account, their actual market cap goes from 427mm to 244mm. This then means that their TTM FCF yield is actually 22,5% and their TTM P/E is 3,7. + +For the (possible) downsides that I ran into in this very short time I've had to take a look at it. Revenue had been stagnant and actually slightly declining for the period 2010-2016 before more then tripling in 2017, then growing steadily but quickly in the following years. This sudden rise in revenue seems to have come from a single series of games they have published, meaning revenue is mostly coming from that single series. This means that revenue could fall again very easily. Furthermore, earnings were not positive in the period 2012-2016, again signaling that earnings may rely a lot on that single popular series. + +That being said, a 'real' PE of 3,7 seems super low for a company that has been increasing revenue and earnings steadily over the last 5 years. I will dig deeper into this for sure but was hoping to find others that know this stock or have anything they would like to add to this (albeit very, very consise) post. + +Thanks! +they give a 9.86% dividend, selling at a P/E of 10.65, decreasing their outstanding shares, RoA is greater than 10%, current ratio is higher than 1, the company shows growth in bot revenue and profits. What am I missing here guys? Or is it just a fantastic buy? (Haven't done my serious research just yet) +Specifically, how does the BEA calculate inflation from electronics? Things like food, the unit is well defined. 1 apple is 1 apple. Price change of that single apple is the inflation of an apple. For things like computers, 1 computer today has more than 100 computers' power 10 years ago. They are not exactly comparable; the unit is not easily defined. Calculating inflation as price change in "1 computer at time t-1" versus "1 computer at time t" doesn't seem correct. Do they base the pricing on something invariant like some compute unit (like 1 megahash)? + +Or for case of TV's, perhaps the $ cost of 1Mpixel? +What would happen to housing market if the government instituted a ban on owning more than 1 house (or apartment) ? Would the price of real estate change ? Would the construction of new houses change ? +I’m personally all for the ideal of the free market, and I recognise it’s benefits along with the limitations and inefficiencies of central planning and bureaucracy that can make socialism so poor at meeting the public’s needs. + +However, it seems to me that as developed economies have grown in the last century and we have seen the rise of huge corporations and conglomerates there is perhaps a similar problem with regard to central planning and bureaucracy because these huge global companies with vast resources still need to find some way to efficiently distribute those resources and make sure the needs of their employees are met with respect to their productivity. Perhaps they do indeed do a better job, but why? Is it the profit motive? + +Am I missing something here? Is there any real difference? I suppose the scale isn’t quite the same, a 100,000 employee company is easier to plan for than a 50 million citizen nation... but it still seems like it might be a problem, and I’m wondering if there are any solutions? +I've seen many times that the corporate tax is a terrible tax that falls on labor and consumers, but often when I see that statement it's coupled with someone saying that the corporate tax should be "eliminated or reduced to a very small amount." + +The crux of my question is why would even a small amount be acceptable? Assuming that the corporate tax rate was drastically reduced and the revenue was replaced with some other form of taxation on high earners, is there some benefit to having a small, but nonzero, amount of corporate tax? +Hey guys! Just curious for your insight on this question, i’m not too knowledgeable on economics in general so I’d like to ask you guys this question. thank you all! +With all the talk about the digital Euro, I realised I do not fully understand the core difference between a digital and a "standard" currency. They EU describe the digital Euro as "*a central bank digital currency, an electronic equivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay*." ([source](https://web.archive.org/web/20221130113656/https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html)). This description does not seem any different from a standard currency in a digital medium. + +Hypothetically, if the EU were to invalidate all notes and coins in circulation, wouldn't that automatically make the euro a digital currency? How can the two coexist and be different instruments? + +PS. Don't shy away from elaborating on the technicalities +I keep hearing that this tax plan will lead to higher wages, but I also hear that most of the largest employers are reaching "record profits" . Why haven't those profits been used to increase wages and why should people expect those same companies to use tax savings to increase wages? It seems to me that if these companies aren't going to use actual revenues to pay their workers more then they likely won't be inclined to use tax savings to do so. What incentives do the companies have to use tax savings to raise wages? +I often see the the term "parabolic" used on r/AskEconomics in a way that I don't see in my work in academic economics (compare search results on the forum, [here](https://www.reddit.com/r/AskEconomics/search/?q=parabolic&restrict_sr=1&sr_nsfw=), vs on google scholar, [here](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C7&q=economics+parabolic&btnG=)). Why does this happen? Is there some meme or youtube channel that is using this term to describe economic trends? Do questioners actually think that the there are parabolic curves involved? Why isn't "exponential" (or, "hyperbolic") used - terms that are much more common in research and much more theoretically and empirically likely? + +For another example, consider the search terms on gscholar for [economics 'parabolic growth'](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C7&q=economics+%22parabolic+growth%22&btnG=), [economics 'hyperbolic growth'](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C7&q=economics+%22hyperbolic+growth%22&btnG=), and [economics 'exponential growth'](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C7&q=economics+%22exponential+growth%22&btnG=). +Read that iceland had no minum wage, yet a low salary for entry level workers is 351,000 ISK which converts to about 27 to 28 hundred USD a month. That is more than 15 dollars an hour. + +Open to all perspectives. +Hello, I am a mechanical engineering student who recently started learning more in depth about the history of economics. I'm wondering about the extent to which behavioral economics has been successful in predicting the true nature of economic activities and where it falls short, and whether the current dominant microeconomic theory is neoclassical economics or behavioral economics. + +Also, I almost think of neoclassical economics as Newton's second law in that it provides good enough predictions for a good chunk of nature but still does not capture the more detailed nature for instance what the quantum mechanical theory might instead be able to successfully predict(i.e. quantum mechanics attempts to provide a 'fuller' picture of nature, the same way behavioral economics does). Am I correct with my understanding so far? Thank you so much! :) +I just started my bachelor, and one of my classes (which is the hardest one imo) is macroeconomics. After reading the first chapter in the book and listening to people being active in class about shit I dont know what is, I realize I know way too little about economics - especially cases in the world. I can read about how it works, but dont actually know what is happening in the economics world... are there any top 5/10 important cases I should know about/I could read about? +I'm not trying to ask a political question here. I'm not asking for personal opinions on wealth inequality. + +&#x200B; + +I imagine there's some correlation between how much wealth inequality there is, and how productive an economy is. To do an extreme, if one person literally owns all the wealth, then no one can really do anything. They have nothing to sell nor any purchasing power to buy. + +The other extreme is everyone having the exact same wealth, and I don't know that that's the most productive thing either. + +&#x200B; + +So I imagine between these two extremes there's a smooth continuous curve that we can find a maximum to. I haven't spoken about what we're measuring against. I suppose the purchasing power of the average person. +Gentrification (the process of wealthier people moving in to a residential area, resulting in higher property values, attracting businesses, investment and improving housing, while also often displacing the current residents) as a concept often carries negative connotations. + +While it may be seen as a negative thing politically, socially and/or ethically, I'm more curious whether gentrification is considered "good" or "bad" in economics (in terms of economic growth and sustainability). +I'm sure I'm not the first to ask a question of this nature, but the search function failed me, so apologies in advance. I'm posting in good faith; I don't have an informed opinion on this matter yet and am looking for your commentary, or at least direction to good resources (written for a lay audience) so I can educate myself. + +Over the past year, I have become preoccupied about the state of the US economy, specifically with regards to the size of our national debt and budget deficit and their implications for our economy 5, 10, 50 years out. These concerns have obviously been exacerbated by government response to Covid-19. + +There are essentially two schools of thought that I can gather: the deficit doesn't matter, or the deficit is a catastrophe waiting to happen. I'll quickly unpack both those understandings: + +**"It doesn't matter"** + +I recently read an article from Paul Krugman^(1) expressing the view that the deficit doesn't matter; in fact, his concern was that people might become alarmist about the deficit. Other professional economists seem to endorse this opinion.^(2) + +In essence, I understood his argument as: we can always borrow more money at low interest rates, and the deficit hasn't presented problems *yet*, so why change course during a pandemic? He also pointed out that republicans are hypocrites on this issue (with Trump cutting taxes, increasing spending), which I understand, but that's not a valid counterargument and also doesn't embarrass me because I am not a republican. I was concerned when Trump said the budget doesn't matter.^(3) + +My relatives also express this sort of confidence, with my dad saying that the dollar is the default currency of the world, so we can afford to run enormous deficits. Our economy, and its currency, is just "too big to fail". + +I also take evidence that many hold this view based on Reddit and my peers. /r/politics will talk ad nauseum about how we need the government to pay for college and medicare for all, which I support in principle, but not with my knowledge of how we seem to be hurdling towards a fiscal crisis even without those expenditures. No one raises this as a serious concern with the candidates they vote for. + +This is true in the media, too. As a reader of publications like the NY Times, Washington Post, etc, I notice that there is rarely discussion of our deficit. Whenever there is, it is not front-page news, usually just relegated to the depths of the business section. The silence seems like an endorsement of this school of thought. + +**"It's a disaster waiting to happen"** + +This intuitively makes sense to me. CBO reports that we spent about 9% of the federal budget on loan interest in 2019, which might not be alarming by itself in a favorable lending environment, but we had a $1 trillion deficit in 2019 and this year it will probably be upwards of $4 trillion, with no reason to believe the deficit will be resolved in coming years.^(4) Peter Schiff thinks that this setup is literally a Ponzi scheme -- borrowing money to pay down debt.^(5) I don't see where he's wrong, but this is also extremely concerning if true. Hence my cognitive dissonance. + +If we are already deeply in debt, and the debt is increasing, and politicians on both sides of the aisle rarely discuss the deficit -- and simultaneously plan to cut taxes or increase spending (or both) -- how could I possibly believe our standard of living is sustainable? What happens when our government stops being able to get loans and also has to pay more interest? Taxes will increase, spending will decline, imports will be reduced, and infrastructure will crumble. The CBO even forecasts this.^(6) + +I have gotten a lot of my information on the deficit from Peter Schiff, who I believe Krugman would categorize as an alarmist, and I also know that Schiff is biased because he has a vested interest in people doubting the viability of the US economy (he runs a gold company). + +I'm looking to develop a more centrist opinion, since I have found it to usually be the case that when there's two competing arguments, the truth usually lies somewhere in the middle. + +Thank you in advance for your responses. + +(1) [https://www.nytimes.com/2020/04/27/opinion/republicans-deficits-coronavirus.html](https://www.nytimes.com/2020/04/27/opinion/republicans-deficits-coronavirus.html) + +(2) [http://bilbo.economicoutlook.net/blog/?p=18813](http://bilbo.economicoutlook.net/blog/?p=18813) + +(3) [https://markets.businessinsider.com/news/stocks/trump-responds-critics-rising-federal-spending-debt-deficit-presidency-fundraiser-2020-1-1028833452](https://markets.businessinsider.com/news/stocks/trump-responds-critics-rising-federal-spending-debt-deficit-presidency-fundraiser-2020-1-1028833452) + +(4) [https://www.cbo.gov/system/files/2020-04/56324-CBO-2019-budget-infographic.pdf](https://www.cbo.gov/system/files/2020-04/56324-CBO-2019-budget-infographic.pdf) + +(5) [https://www.youtube.com/watch?v=ne__pTRAenc] +(https://www.youtube.com/watch?v=ne__pTRAenc) + +(6) [https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/07-27\_debt\_fiscalcrisis\_brief.pdf](https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/07-27_debt_fiscalcrisis_brief.pdf) +My understanding is that, with the Cantillon effect, those with the quickest access to any new liquidity injected into the economy are able to benefit from the impending price inflation, for example if they invested that new money into securities that benefited from the price inflation. + +Is this correct, or can it also apply to those holding certain assets such as housing? + +When Blackrock used some of the bailout money it received in the wake of the GFC to buy foreclosed homes from the Fed on the cheap, would that be an example of the Cantillon effect in action? +I'm interested in the philosophy and science of risk, as well as how to make social systems more resilient and more psychologically fulfilling. Would Taleb help me learn any of this? +It seems like we're all playing this pretend game of perpetual debt, how can we ever get back to zero if there is interest? + +Basically, it seems that if interest is created on money that doesn't exist, therefore there is not enough money to ever pay it back. + +Are we all living a lie? +I'm French and voted Macron, but I have some friends who are going to vote Le Pen because they say that the EU isn't good for France's economy. I'm pro-EU but I don't have any sound economic arguments to refute their simplistic dismissal of the EU. So what are the pros and cons of leaving the EU, and the same for staying in? +My econ teacher plays Milton Friedman's videos a lot. In the video, there are always many students question him, and he always provides decent answers. He has the answers for every question, and he successfully develops his argument. He is hyper-intellectual, I have to admit. But his attitude sometimes is quite irritating. + +So I want to know: +Does everyone like MF? Are there any economists/politicians who argue with MF a lot? Does MF have a powerful enemy? (Like Sherlock and Moriarty...) +There’s a common belief that landlords will often charge more for a tenant to renew their lease than what they would otherwise charge a new tenant to rent the same unit. This is because the landlord knows the switching costs (time to pack, time to find an equivalent unit, cost to rent a moving truck, etc) are much higher for a current tenant than what they incur as the landlord. + +It seems like yes, it’s an inefficiency because the asset (the renewal) is not priced at it’s true value, and the landlord is able to profit from this inefficiency. + +Am I correct that this is a market inefficiency, and if so, can you describe why that is? I’ve been researching for awhile and haven’t had much luck. +Some of the national debt is owed to the Federal Reserve. It has always crossed my mind if the Fed should just forgive these debt payments. Then, I just came across an article from 2011 ([https://newrepublic.com/article/91224/ron-paul-debt-ceiling-federal-reserve](https://newrepublic.com/article/91224/ron-paul-debt-ceiling-federal-reserve)) that reported on Ron Paul saying just that. This proposal makes sense to me; forgiving this debt (essentially just forgetting about it) will save the government money as it will reduce the national debt; meanwhile, no private parties feel any negative consequences (right?). + +So, why don't all central banks just cancel all debt their government owes to them? +India has plenty of engineers why don't they just move and produce high value goods like cars there instead of paying American wages to American citizens for example? +I am really curious to hear some educated arguments in favor (or against) net neutrality from the perspective of efficiency. It is my personal understanding, and belief, that the best time to award a state regulated monopoly/oligopoly, or for the state to take control of an industry, is when a market has economies of scale that warrant either one massive player or a handful or large players. + +On the net neutrality debate, it appears we are already dealing with a relatively noncompetitive market which would seem to indicate some form of government intervention is warranted. Is there some hard evidence to back up that intervention, or are we potentially stone walling a better alternative? +Not sure if this is an economics or a history question tbh :) + +I've been doing a bit of research around how wages and cost of goods have increased over the last 100 years or so. + +I found this resource here: [https://fraser.stlouisfed.org/title/union-scale-wages-hours-labor-3912/union-scale-wages-hours-labor-may-15-1913-476866?start\_page=79](https://fraser.stlouisfed.org/title/union-scale-wages-hours-labor-3912/union-scale-wages-hours-labor-may-15-1913-476866?start_page=79) + +Which shows hourly wages for various trades in 1913 as set by unions. As an example, lets take a bricklayer in Detroit (p84), where union wages are set at 0.65c per hour. + +According to the Bureau of Labor Statistics CPI calculator ([https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=0.65&year1=191312&year2=202001](https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=0.65&year1=191312&year2=202001)), 0.65c in Jan 1913 is equivalent to $17.11 today. + +Someone earning 0.65 / hour in 1913 and working 48 hours / week (the maximum number of weekly hours as set by the union) is making $1,622.40 / year, which was below the minimum threshold for taxation at the time - according to Wikipedia ([https://en.wikipedia.org/wiki/History\_of\_taxation\_in\_the\_United\_States#16th\_Amendment](https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States#16th_Amendment)) this person would have paid no tax. The first tax bracket kicked in at $3,000, and was only 1% in any case. + +So essentially our bricklayer in 1913 is taking home $42,706.56 per year after tax... If we reduced this to the standard 40 hour work week that we work today instead, it would be $35,588.80. + +If I check out the average annual bricklayer salary in Detroit today, I get a median annual salary of $46,419 here ([https://www.ziprecruiter.com/Salaries/Bricklayer-Salary-in-Detroit,MI](https://www.ziprecruiter.com/Salaries/Bricklayer-Salary-in-Detroit,MI)). + +According to [https://smartasset.com/taxes/michigan-tax-calculator#HMYpVAmhZZ](https://smartasset.com/taxes/michigan-tax-calculator#HMYpVAmhZZ), I pay a total of $9,249 in income taxes on my $46,419 salary, leaving me with $37,170. I then need to pay a further $781 in sales tax, $240 in fuel tax, and $3781 in property tax, which takes me down to $32,368, meaning my post tax pay after accounting for inflation is more than 10% worse than it would have been in 1913. + +Is this calculation accurate? And if so, wtf? + +There is that oft cited fact that wages have been stagnant since the 1970's or so, but the above would indicate that (at least in some occupations) we've actually gone backwards, and over a MUCH longer time period. + +I'd like to write a blog post about this if it's accurate, but would be really interested if some of the more knowledgable folks on r/AskEconomics could sanity check my data and conclusions. +First of all, let's talk gamestop: it's a very simple centralized market. buy or sell shares of the company. So far so good. + +The problem with SLV is that silver IS NOT A CENTRALIZED MARKET! + +The biggest silver market is COMEX, which is a futures market. See, futures markets aren't the same thing as single stock markets, they are much bigger, have more institutions rather than retail investors and they are much more complicated. + +When a typical retard buys gme, they hit buy market and that's it, they now have 1 share. + +In futures, it's different. You buy contracts, these contracts are standardized and the most popular contract for silver is : SI . SI has a contract size of 5000 troy ounces!! One contract is equal to 135000 $ worth of silver. You don't need to pay 135k for a contract, you can buy it for 14k if you close the position before you need to take delivery of the silver. + +Some of you might have 14k, but the risk is very high: if silver moves down 1 dollar you lose 5k. + +Another problem in the silver market are the participants: goverments own silver, hedge funds own silver, investment funds own silver, too many people own too much silver!! Gamestop is at about 30 billion dollars marketcap ( and that's now ). + +The open interest on the latest SI contract is 135 960, giving it an open interest value (which admitedly is not marketcap) of 18.354.600.000 usd. 18 billion usd in just open interest. + +Open interest is how many positions are open at any given time. + +Silver is a much bigger market, with more big players. + +GME - there weren't so many hedge funds (poor Melvin, that was the one big hedge fund shorting gme) and so it was a subreddit against a fund, and we won. + +Silver is a different story - JP Morgan, Goldman Sachs, Citi, hedge funds, governments, a lot more money is in silver than gme. + +For these reasons, don't go into SLV, you will just play where the big boys want you to play, they have the advantage there. + +tl;dr : Silver won't moon, banks have advantage, hold gme to 10k. +Almost any subreddit that I run into that discusses about jobs or finances, there’s always the typical: + +“Dropped out of high school but now make six figures and more than my friends that went to college.” + +“I’m only (insert age) and make 250k.” +I need a bit of help, I’m not great at confrontation but my tenant has been paying £250 less rent each month due to the pandemic which I absolutely understand and was fine with it, he explained his circumstances. I checked up on them to make sure how things were 4 months back, at this point my tenant said he was still on furlough, however now he is in arrears of about £3000, which is a lot of money... + +Is the best way forward negotiating a payment plan? I don’t want to take any legal action because they are really nice people. I just want to know how I go about this conversation and what I can discuss with my tenant? + +Any advice would be appreciated, thank you! +Observe the interesting pattern + +the cc subreddit: + +https://preview.redd.it/hzhtrdnc8gd81.png?width=889&format=png&auto=webp&s=43e44b80b3dd78da8543e932802c1b8d61b27797 + +&#x200B; + +https://preview.redd.it/2zgd96ff8gd81.png?width=920&format=png&auto=webp&s=5e9f9b8123d90ea59037abdb182a08f1b1042ef4 + +the ethtrader subreddit: + +&#x200B; + +https://preview.redd.it/dmpqys489gd81.png?width=881&format=png&auto=webp&s=0d9b7b55a97b3098a51fb171716e98013969ba00 + +&#x200B; + +https://preview.redd.it/25ogv1299gd81.png?width=892&format=png&auto=webp&s=edd04c61bfad49ef91ccf77f4b0a9ef553b0e8f8 + +cardano subreddit: + +https://preview.redd.it/cluerduj9gd81.png?width=888&format=png&auto=webp&s=fdc34a92355b13b5df9e4004086df36fcbac5603 + +&#x200B; + +https://preview.redd.it/d7g9aybm9gd81.png?width=897&format=png&auto=webp&s=60b4857f05b4ca053926d1ca0c840ac299f474b2 + +the stats are via subredditstats and it shows that there is a constant decline in activity around crypto. When we combine this fact combined with the upcoming rate hikes, an upcoming russian invasion in ukraine and beyond and omicron and other variants of covid causing even more mischief and forcing additional lockdowns troughout 2022, I believe that there is a possibility of a crypto winter🤔. +On December 30th, I purchased a pair of KEF LS50 speakers through a 3rd party store on Amazon. The speakers are $1500 new, but the company was selling them for $1050. They claimed the speakers were brand new, in the box, never opened. + +I did a brief look into the company (https://www.amazon.com/sp?_encoding=UTF8&asin=&isAmazonFulfilled=0&isCBA=&marketplaceID=ATVPDKIKX0DER&orderID=107-5584621-5027431&seller=A3HDZL9NJXVHOU&tab=&vasStoreID=) + +They have 99% positive in the last 12 months (91 ratings). I read the first page of reviews (there is a bad one there now that wasn't there when I purchased) but other then that it seemed legit. The price had me a little concerned $450 off retail for brand new speakers.. so I did some further googling and found some people who also purchased KEF speakers for way under retail cost, some of them said that they received the speakers but the serial numbers were removed from them. Another person explained that sometimes retailers from overseas get the speakers for cheaper, remove the serials and send them to the US to be sold at higher prices. They remove the serial so KEF can't link it back to the original seller. I have no idea if that's true or not, but it seemed reasonable. Either way, I called Amazon up before I purchased the speakers and asked if Amazon would protect the sale if I received the speakers and they were either fake/without a serial number. The woman I spoke to said yes, absolutely. So I purchased the speakers. + +On Jan 3rd I received an email that the speakers shipped with this tracking number: + +1Z145Y7V03914XXXXX + +To be delivered on the 11th... But they never actually shipped. The company created a label but never actually shipped anything on that label. On the 9th I asked them about it: + +> Order ID 107-XXXXXX-XXXXXXX: +> 1 of KEF LS50 Mini Monitor - High Gloss Piano Black (Pair) + +> Is this still on track to be delivered by the 11th? + +They responded back on the 9th: + +> Yes. + +The 11th came and the tracking still showed as nothing being sent. I contacted them again that night: + +> Estimated arrival is today and according to UPS they haven't even received the package yet.. am I getting these speakers or should I look elsewhere? + + +They responded: + +> Hello dear buyer, Please see a replacement is being shipped to you ASAP. + +They created a new shipping label/tracking: + +1Z145Y7V42987XXXXX + +With estimated delivery of the 18th. This time they actually shipped something on that label though - but they also included a signature requirement. I had the package address changed to my local UPS store, because I wouldn't be home to sign for it. Should also note, the weight of the package changed to 10lbs from 40lbs on the first label - which made me really skeptical. + +The 18th came and I went to the UPS store to pick up the package. The UPS guy pulled out a 8.5x11" shipping packet. I told him that can't be it - they are giant speakers. He said "well this says i4mt3hwin on it" Ok. I signed for it (which I guess was a huge mistake) and brought it home. I figured maybe they sent the wrong the audio item, I'd send it back and either ask for a refund or ask for the speakers again. + +Well I got home and opened it and inside was a piece of cardboard: + +http://i.imgur.com/liCO3h2.jpg + +http://i.imgur.com/y5GietW.jpg + +And that's it. + +I immediately contacted the seller and requested a refund. I also contacted Amazon, because I felt like no serious/real company would just send a piece of cardboard as an order. A different audio item? Ok I can buy that - maybe it got mixed up... but no, literally just a piece of cardboard. I also went and did a little more digging.. so remember that 99% positive over 12 months? Well if you go back 2-3 pages on their reviews, almost all of the reviews are from one guy in the span of one month. Clearly there is something fishy going on with this company. And it kind of bothers me that Amazon has no system to prevent that type of abuse. + +So the 3rd party company gets back to me, they send me an email requesting that I ship back the speakers and they will refund me the money. Thing is I never received speakers, I received a cardboard box. I'm not shipping that back to them, I'm not wasting money on that. I awaited Amazon's response. + +Well Amazon closed my claim. + +> We have closed your claim for this order because the order is not eligible for coverage. However, the seller has agreed to issue a refund to you after you return the order as per the instructions listed below. The seller is not obliged to refund the return shipping fees. +> +> -- Return Address: +> XXXXXX +> XXXXXX +> +> If you decide to return the order, we recommend following these best practices to be sure that your package arrives and to avoid customs fees. +> +> -- Write "Return Merchandise" and the order number on the package +> -- Complete any customs forms needed and attach them to the package. +> -- Insure the package and request signature confirmation delivery service. +> -- Get a receipt for your return costs from the carrier. +> +> Because your order arrived, the order is eligible for coverage only if an item in the order arrives damaged or does not match the seller’s description. Our investigation shows that you received the correct item and that it did not arrive damaged. + +So I called them again and explained again that I did not receive the correct item. I received no item other then a piece of cardboard. So I'm not sure what they are expecting for me to ship back to them. So Amazon contacted me again asking for more information: + +> To resolve your claim quickly, we need your help to understand what went wrong with order 107-XXXXXX-50XXXXX. +> +> Within 3 business days, please reply to this email with a description of the differences between the item that you ordered and the item that you received. If we do not hear from you within 3 business days, we will close your claim until we receive your reply. +> +> We look forward to hearing from you. +> +> -- Date of Claim: January 18, 2017 +> -- Claim Amount: $1049.99 + + +So I send them this: + +> I ordered a pair of $1000 KEF LS50 speakers. I received a small piece of cardboard in a shipping packet. +> +> This is what I ordered: +> http://dagogo.com/wp-content/uploads/2014/09/ls50_pair_060813_rgb-1000x1000.jpg +> +> This is what I Received: +> http://i.imgur.com/liCO3h2.jpg +> +> This is what the cardboard came in: +> http://i.imgur.com/y5GietW.jpg +> +> +> Which obviously can't fit 40 pound speakers. + +On the 23rd I get another email back from Amazon: + +> We have closed your claim for order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +So basically now they are telling me that they can't help because I signed/received the order. Which is a little ridiculous to me. Like in this case, yeah - like obviously speakers aren't fitting into that little package, but at the time I felt the package (there was something clearly inside which turned out to be just cardboard) I figured they sent the wrong item, so I figured I'd send it back to them. But what if they sent a big box with bricks in it? Would I just have been equally screwed for signing for it? + +Either way, I contacted Amazon get - this time I spoke to a manager and I explained everything. Not only did she agree with me that I should get my money back, but she agreed that the reviews on the company seemed strange and she wanted to push that through and re-escalate my A-Z Claim. + +Well today I got another response from the claims: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +Again I called Amazon - this time I spoke to a different manager who said "I shouldn't have signed for the package, Amazon can't help me" essentially. + +So I'm sitting here wondering now, what am I supposed to do? I paid for the speakers on my Chase Card and I contacted them. They have to file a dispute which can take 7-10 days to even start it. In the long run I'm going to continue pursuing that - but I've read stories of people's Amazon accounts being closed for disputing large purchases. I buy tons of stuff through Amazon (Prime Member) and I would be really annoyed if they closed my account over this. That being said, I want my money back and I feel like it's ridiculous that Amazon won't cover me because I signed for the package despite nothing being inside of it. + +Is there anything else I can do or someone I can contact? The 3rd party store no longer responds to my emails so that's out of the question. + +TLDR: Bought speakers through 3rd party store on Amazon. They shipped me a piece of cardboard instead of speakers. Contacted Amazon who told me several times that they can't help me get my money back because I signed for the package. + +-------------------------------------------------------------------------------------------------------------------------- + +Edit 1: I contacted Amazon again, this is the response I got back: + +> Hello Kevin, +> +> I'm writing to followup regarding the A-to-z claim in Order ID: +> +> After further research, this order is not eligible for the A-to-z Guarantee so we won't be able to honor a refund. I realize you’re disappointed because this is not the outcome you were hoping for, and I regret we’ve been unable to address your concerns to your satisfaction. However, we won’t be able to offer any additional insight or action until this time has passed, and any further inquiries on this matter won’t receive a response. + +This is like the biggest issue I have with this entire thing. "We won’t be able to offer any additional insight or action until this time has passed" Why not? Why can't I get a real explanation why it's being denied. + +They also sent this again: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. +> +> To learn more about coverage, visit our A-to-z Guarantee Help page on our Amazon.com site (http://www.amazon.com/a-to-z-guarantee). +> +> For help finding your package, we recommend that you contact the carrier. + +"For help finding your package, we recommend that you contact the carrier." + +Why are they telling me this? It makes it sound like I didn't receive the package. I did receive the package. + +I sent them this picture of it: + +http://i.imgur.com/g362sS3.jpg + +Frustrating. + +___________________________________________________________________________________________ + +Edit 2: Executive Customer Relations reached out to me, they are going to investigate - so we'll see what happens. Thanks again for the help/suggestions. I'll keep updating the thread for anyone curious. + +___________________________________________________________________________________________ + +Edit 3: Success! + +> Hello, +> +> My name is XXXX, and I am a member of the Amazon.com A-to-Z Guarantee Claims department. Jeff Bezos received your email, and I am responding on his behalf. +> +> Upon review of the A-to-z Guarantee claim you filed on 1/18/2017 for order 107-XXXXX-XXXXX, we have refunded $1049.99 to the payment method you used to place this order. You can check the status of your refund on the Your Orders page in the Your Account section of our website (www.amazon.com/youraccount). +> +> If the order was paid by credit card, it may take several business days for the refund to appear on your credit card account. Please check with your issuing bank to confirm that it has been posted. If the order was paid by gift certificate, these funds should be available now for use as payment on a future order. +> +> Sincerely, +> +> --- +> XXXX +> Account Specialist +> A-to-z Guarantee Program + +I want to thank everyone again for the advice and discussions. Going to buy the speakers this time directly from KEF's store on Amazon (no more 3rd party for me) + I'll be sure to check the box before I sign lol +I live in LA and I stay in a storage unit like as a room, no windows, because it's the cheapest there is. I had jobs before that would pay very little and I switched to apps like Instawork/Tend, etc. You can make good money off those by being a temp but you also have the risk of being disrespected or suspended or clients canceling shifts. + + +It was OK for awhile. But I don't drive right now so it can be tough to go to further locations. The other day my phone broke and I was unable to go to this location. I canceled last minute and they suspended me for a week. I messaged support and they still haven't come back to me with all the proof of my phone's issue, the technician fee and all of that and nobody has responded. + + +Today they took all my shifts away that I had booked until next month meaning I lost all of my income. I can't pay my upcoming rent at all. I tried to get regular jobs in LA before and no luck, most of them nowadays expect 2-3 interviews. I applied for a pet store and I had a phone interview and then they were expecting a group interview and then a face to face with the owner. And that for min wage and 15 hours a week. + +Any recommendations, advice, anything to help me get out of this situation? +My partner and I have a bit of dillema. (Both 25yo) + + +We roughly earn £3000-3300 a month (combined income ). We put in £350 (have been planning to put it up to £500 in a few months ) into private pension a month (this is excluding work pension ). However, we realised with that sort of money over a year we could go on a couple nice holidays. +Whereas right now, because we put that £350 into pension, We don't have much money left for holidays, we go for the cheapest hotels/deals and only maybe once a year. + + We asked ourselves If we would rather enjoy our time now when we re young, travelling the world or save for a pension that we might not even end up using ( might die early, who knows). + + Are we maybe putting too much into pension? Should we put in less seeing as we can't enjoy ourselves as much as we would like? We would like to retire at around 58 but obviously it would not happen if we lowered our pension contributions. Or should we just bite the bullet, save now, and enjoy our retirement? +Just throwing out some ideas as we navigate moving back to NYC against our will(family health issues). + +We currently live in a large home that is has become the hub of entertainment for our social circles. + +As we look at NYC apartments/condos/townhomes, we aren’t sure we can mesh our family life(2 young kids and 1 on the way) with our social life in one place. + +We’ve considered getting 2 residences—one for home life and one for entertaining. Ideally, these places would be located in the same building but we are open to walking distance. + +Has anyone done this for large city life living? How did it work out for you? +At the airport currency exchanger today I spent ~$40 converting 40000 Japanese Yen into $330, well it would have been $370 but they took $40. If I didn't do it there then I would have had to take time out of my day in the future to drive to the right bank, and their fee isn't much better. I can't wait until bitcoin makes currency exchanging pointless and people aren't shaken down every time they cross a border. +I (27F) need advice on the best (cost efficient) way to attain my next car. I've always purchased 2nd hand cars that are c.8 years old and changed up every 3-4 years and I am now considering a more luxury car. Naturally, the cost is much higher however, whilst I do have savings to buy cash it has made me consider if leasing or financing through a bank loan is a preferable way to attain the car. FYI the car would be a 3-4 year old Mercedes CLA for £18k + +I'd love to get some advice and hear your thoughts.. +On an irregular basis depending on demand, I'll make a post on Monday to address a FAQ or common misconception that I see posted by new traders dozens of times a day. Everyone is also welcome to find these answers in our [FAQ wiki](https://www.reddit.com/r/options/wiki/index). + +Previous posts in this series: + +[Your break-even isn't as important as you think it is](https://www.reddit.com/r/options/comments/m0m7at/monday_school_your_breakeven_isnt_as_important_as/) + +[Exercise and Expiration are not what you think they are](https://www.reddit.com/r/options/comments/m5r8mi/monday_school_exercise_and_expiration_are_not/) + + +**TL;DR** +====== + +* If you don't remember anything else from this post, at least remember this: **The narrower the bid/ask spread, the better deal you are going to get on your trade. Avoid wide bid/ask spreads whenever possible.** + +* Every contract is up for auction, with active buyers and sellers, represented by the bid/ask spread, respectively. + +* Every contract also has a daily volume and open interest. + +* The price of a contract is not defined by some kind of central authority or by a pricing model, it is discovered by active trading. + +* When your broker calculates a gain/loss for today or since open, they use the "mark", which is the mid-point or average of the bid/ask spread. It is an **estimate**. It is not what you will necessarily get if you closed a trade in that moment. + +* The "market" is the bid when you are a seller and the ask when you are a buyer. + +* Consequently, you must be an active participant in the auction in order to get the best possible price. You can't just fire and forget an order and hope for the best. + +* There are two types of orders for opening a trade and four types of orders for closing a trade. + +* For opening, there are market orders and limit orders. **NEVER USE A MARKET ORDER, EVER.** + +* For closing, there are the same market and limit orders as for opening, as well as stop-loss orders and stop-limit orders, to put a floor under your losses on closing a trade. **NEVER USE A STOP-LOSS ORDER, EVER.** + +* Liquidity and the width of the bid/ask spread are highly correlated. + +* Liquidity is a critically important factor in determining how cost-effective your trades are. Consequently, liquidity should be a priority when selecting option chains and contracts. + + +Options are auctioned -- it's EBay, not Amazon +======================== + +Many new traders seem to believe that the price of a contract is set by some central authority and that looking at the quotes in an option chain is some kind of static price list, like a menu at a restaurant. Nothing could be further from the truth. All option contracts, as well as stocks and ETPs, for that matter, are traded in an auction. There are active buyers and active sellers. + +This means that the current price for a contract is fluid, ebbing and flowing as the number and urgency of the buyers and sellers fluctuates. The current state of the auction is defined by the **bid** (the highest price buyers are offering to pay) and the **ask** (the lowest price the sellers are willing to accept). Since there may be more than one contract up for auction at any given time, the bid and the ask each have a size, represented by xNNN. The NNN is the minimum number of contracts a buyer is willing to buy or a seller is willing to sell. Example: $1.23x100/$1.38x23 -- this means 100 contracts sought for $1.23 and 23 contracts on offer for $1.38. + +The bid and ask only represent the "top" of the order book. Prices that are higher than the ask or lower than the bid are recorded in the order book. The details of the order book and Level 2 real-time quotes are beyond the scope of this article, but if you wish to learn more, you can read an explainer [here](https://www.investopedia.com/terms/o/order-book.asp). + +Contracts at a specific strike and expiration have a *volume* number, which represents the number of completed trades on that contract for that day up to that point in time. There is also an *open interest* number that represents the number of contracts in open positions in the hands of traders or market makers. It is similar to the float of outstanding shares for a stock. More about [volume and open interest here](https://www.investopedia.com/ask/answers/050615/what-difference-between-open-interest-and-volume.asp). + +It is worth noting that for the most part, the active bids and asks you see in the auction are market makers. That is why a contract with 0 volume still has an active auction, because the job of market makers is to, well, make a market. That means to act as a buyer if you are selling and a seller if you are buying. + +Given that there is an active auction for every contract, how is the current value of a contract determined? The process of determining the current value is called *price discovery*. Again, the details are beyond the scope of this post, but if you wish to learn more about price discovery, there is an explainer [here](https://www.investopedia.com/terms/p/pricediscovery.asp). For this post, the point I'm making about price discovery is that the current value of a contract is any number between the bid and the ask at that moment in time. Until a trade actually happens, the exact value is unknown, but not unbounded. Therefore, you cannot say with authority that the value of your open position is $X. At best, that is an estimate. + + +Does that mean the gain/loss of my position is defined by the last trade? +================= + +No, not for options. + +Your gain or loss has to be based on the current price, but if no trades have happened (volume is 0), or the last trade was an hour ago and the auction has moved far from the last trade, how does your broker know how to calculate the current gain/loss? + +Your broker *estimates* the current value of the position by using the *mark*. For options, the mark is the average of the bid/ask spread. It is sometimes also referred as the the mid (middle) of the bid/ask. Example: If the bid/ask is $1.00/$3.00, the mark is $2.00 and that is used as an estimate of the current value of the position. Even if the last trade was $1.50. + +This is the reason almost every long option trade is opened for a loss. You almost never get the mark as your actual trade price when your order is filled, so the distance from the amount you actually paid to the mark is often treated as a loss. For example, using the $1/$3 spread again, if you end up filling your order at $2.10, your broker will show a current loss of -$0.10 on the trade, because you bought at $0.10 over the mark. If you bought or sold at the *market*, which is the bid for a seller or the ask for a buyer, you will show half the width of the bid/ask spread as a loss on open. More about mark and market in the section about order types and getting cost-effective vs. fast fills. + +My buy-to-open at the mark never fills! That means my broker is stealing from me, right? +================================= + +Wrong. Or at least, very unlikely. That has more to do with not accounting for the options market being an active auction. You can't just set an order and hope for the best. You need to actively bid if you are a buyer, negotiating a price that a seller will accept. Sometimes you need to increase your offer to get a fill, sometimes you need to wait patiently for the market to move towards you. + +A maxim that I found useful for active trading is: Getting a fill on an order is a contest between your greed and your impatience. + +What that means is that, most of the time, you can either get the price you want or a fast fill, you can't have both. The more money you want as a seller (or the less as a buyer), the longer you may have to wait. + +So once you decide on which way you want to go, best price or fastest fill, you can then participate in the auction accordingly. For the rest of this description I will assume you want a fast fill and are willing to compromise on price. Because the opposite it just a waiting game. + +To get a fill relatively quickly, what I do is start at the most favorable price for me and then negotiate towards the market. For example, as a buyer, I open bidding at one increment away from the bid. If the bid/ask was $2/$3 and the minimum increment of price is $0.05, I'll start my order with a limit of $2.05 (more about limit orders below). I wait 10 seconds for that to fill. If it doesn't fill, I modify the order (cancel the order, replace with a new order) to $2.10 and wait 10 seconds again. I keep doing that until I get a fill. Sometimes that means I end up paying a price that is above the mark. Sometimes it means I pay a price that is close to the market. That's the cost of getting a fast fill. + +Why not use a market order? +================================ + +Market orders give you minimum time but at maximum cost. + +There are two types of orders for opening a trade and four types of orders for closing a trade. + +For opening, there are *market orders* and *limit orders*. A market order means fill my order *at any price*. A limit order means fill my order *at a price that is at or better than my specified limit, whichever is best*. From the definition alone it should be clear why you should never use a market order. You are putting yourself at the mercy of the auction and the order book and could end up paying much more, or getting much less, than you could have gotten with a little more patience. In fact, some traders actively seek to exploit naive use of market orders by placing "traps" in the order book, which are ridiculous prices that no one would pay or accept, but that could be snagged by a market order if the top of the order book is cleared out. Or the trap is set to snag a large dollar value order that intends to "sweep the book" and clears out all the normal orders in the book and runs into one of these traps. + +**Long story short, don't use market orders to open, ever**. If you want a fast fill, use the method described earlier which, in practice, will get you a fill within 5 minutes, and often in less than 30 seconds. It you absolutely must have the fastest fill possible, set a limit order at the market price or one increment beyond. + +For closing, there are the same market and limit types as for opening. There are also *stop-loss* and *stop-limit* orders to make sure you don't lose more than you want to lose. The stop-loss turns into a market order to close when the designated stop price is met. A stop-limit turns into a limit order (at the specified limit price) when the designated stop price is met. + +**Never use market or stop-loss orders to close, ever**. If you want a floor on your loss for a sell-to-close order that will fill as quickly as possible, set a stop at the worst price you will accept and the limit at $0. A limit is always filled at the limit or better, *whichever is better*, so if you want to fill at the stop price or as close to the stop as possible, your best chance is with a limit at $0. Or work you way up from $0 to a more reasonable price, if you think a sharp drop is unlikely. For example, if you bought a call for $5 and you want to stop at $4, you can set the limit for a stop-limit at $2. The lower you set the limit, the less risk there is that a sharp drop will leave your order unfilled. But that doesn't mean you will only get $2. You'll get the best price that is above $2. + +What about liquidity? +===================== + +Liquidity is a little hard to define for all cases, since it is somewhat context dependent. The relevant [Investopedia definition](https://www.investopedia.com/terms/l/liquidity.asp) is "liquidity describes the degree to which an asset can be quickly bought or sold in the market at a price reflecting its ... value." Put another way, the better liquidity is, the better deal you'll get from a market maker. The worse liquidity is, the more you will be ripped off by trading with a market maker. + +The width of the bid/ask spread is highly correlated to the liquidity of a contract, to the point where we can say that the bid/ask spread represents the liquidity of the contract. The volume and open interest are also factors in liquidity, but in practice while trading, where liquidity hits you the most is in the bid/ask spread. As a gross oversimplification, the width of the bid/ask spread is the mark-up a market maker adds to the wholesale value of a contract. The wider the spread, the more of a premium you will pay as a buyer in order to own the contract, or the more of a discount you will have to offer as a seller to get a fill. + +There is also an analogy to competition. Consider something highly perishable that can't be easily shipped from Amazon, like live aquarium goldfish. If there are five pet stores in town, you have a pretty good chance of getting a good price on a pair of goldfish that you want to buy, because each pet store knows you can go to the one down the street to get a better price. The competition helps keep prices down as a buyer, because some store can always undercut another store on price, until price reaches an equilibrium that's close to it's wholesale value plus a reasonable mark-up. But if there is only one pet store in town and the next store is more than a 3 hour drive away, your local store can gouge you on price for a pair of goldfish, because where else are you going to go for a better price? + +Options liquidity works similarly. If volume is low or zero, where are you going to go for a better price? Bid/ask spread can be as wide as market makers want it to be, because there is no one else to undercut those prices. Whereas if volume is high, there is more incentive to undercut competitors and close a trade, because a little money is better than no money if no trades happen, from the market maker's perspective. + +The upshot of all this is that when you are looking for options to trade, select underlyings that have highly liquid option chains. Given an expiration or strike with low volume and wide bid/ask spreads versus a different expiration or strike with high volume and narrow bid/ask spreads, choose the one with high volume and narrow bid/asks. +I recently came up with an unusual theory: if I withdraw 3.14% of my capital each year and borrow the rest on margin (upto 4%), would that enable me to maintain a 4% SWR [without sequence of returns risk?](https://www.reddit.com/r/fatFIRE/comments/qm5m3d/learning_from_warren_buffett_and_his_sausage/hjhdtbp?utm_medium=android_app&utm_source=share&context=3) + +I reached out to BigERN, [who gave me a tacit thumbs up.](https://twitter.com/DoudnaReeve/status/1456704310109081607?t=RmP5vgut0YU0dpBcpDkyqw&s=19) + +He then proceeded to write an entire post about it! Sharing here. + +https://earlyretirementnow.com/2021/11/16/leverage-in-retirement-swr-series-part-49/ + +Seems like this strategy would have protected against our worst downturns - 1929 and 1965. + +A further evolution of this strategy - where you only draw on margin in down years - would make it even more bulletproof. + +Curious to hear folks' thoughts... + +Edit: swr means safe withdrawal rate +Our NW is just under $5M. We have rental properties and a quiet suburban life near Seattle. Our umbrella policy is at $1M right now and it feels like we should bump it up to the max of $3M. + +How are others determining what level of coverage to have via an umbrella policy? +Those who started their own business, “went off on their own”, etc....how did you do it? What gave you the strength to do it? What made you go for it? How did you walk away from ______ and say “this makes sense”? What did you walk away from? What do you do? + +I have a pretty high income in a LCOL area, but yearn for my own business...but also find it incredibly difficult to walk away from that high income to do it...I can be fatFIRE in current role in 6-10 years...if I leave what I’m doing nothing is guaranteed..where to go and how to approach? +I know its been asked before, but I haven't seen it in a bit. + +For those of you who have decided to fatFIRE (NW \~$10m) in the past 12mo, I'm curious on a few topics: + +1) Are you glad you did it when you did it? + +2) How does it / you feel? + +3) What are your biggest concerns? + +4) What's the plan for the remainder of your time? +Howdy. Looking to sense check whether I'm a complete idiot. + +I have a 60k deposit accumulated after half a decade of short term posts. I have a decentish job (40k at 29 based outside London, can expect 50k within a couple of years), and don't currently have any dependants and don't expect that to change for a couple of years. + +I currently pay £650 in rent, and have concluded the worst thing to do is to keep renting. + +My choices are as follows: + +I can get a pretty basic one bed place within town and walking distance of work for £100k. It would be slightly small, but give me everything I need. If I continue to live frugally and get a mortgage that would let me repay early, could get it paid off and living rent free in two or three years, downsides include no parking spot, and it really not working for anything other than single life. + +Second option, I could get a decent two bed flat for 180k. This would suit me a partner, and a toddler, but would probably require another move further down the line and would naturally mean mortgage payments for longer. + +Third option, I've got a mortgage agreed in principle that would let me reach around £250k properties, for which I could get a pretty solid 3 bed house with a proper living room, car parking spot, all within walking distance of work. Downside, mortgage would be a bitch and difficult to overpay off, positives I could only need to move once. + +My current thinking is 100k flat, but I spoke to a broker recently who seemed to think I was being insane and should be looking to buy a house. + +Am I crazy? +Buffet sold $6bn of of airline stock and airlines are all talking about air travel not returning to 2019 levels for some time to come. + +I don’t see the rationale for this, are you personally not thinking of travelling next year if this all gets resolved? I don’t know about you but I’m yearning for a holiday after all this. +https://www.bloomberg.com/news/articles/2022-06-24/tesla-job-cuts-include-workers-who-joined-the-company-weeks-earlier + +Tesla has outperformed established automakers the last several years, expanding production and deliveries at a blistering pace as much of the rest of the industry struggled with lockdowns and supply shortages. The mass firing now being carried out at the behest of Elon Musk suggests this strong run of execution has come to an end, and could complicate efforts to get back on track. + +We’ll find out roughly a week from now how many electric vehicles Tesla built and handed over to customers this quarter. There was little the company could do, of course, about Shanghai shutting down the city for weeks and costing the carmaker output from its most productive plant. Musk’s words and actions lately don’t inspire much confidence in how the company has coped. + +First, the chief executive officer gave an interview to the Tesla Owners of Silicon Valley on May 31 (though the fan club only just aired the footage this week). Musk described the new factories opened recently near Berlin and in Austin, Texas, as “gigantic money furnaces” losing billions of dollars. + +Days later, Reuters reported Musk had sent an email to Tesla executives saying he wanted to dismiss 10% of employees. He then wrote in an all-staff email that cut would only apply to salaried workers. Then he tweeted Tesla’s overall headcount will increase over the next year. + +Finally, Musk told Bloomberg News Editor-in-Chief John Micklethwait this week that the salaried job cuts would take place over roughly three months. He also downplayed the significance of a lawsuit by former employees who claim Tesla violated federal law by failing to provide advance notice of the job cuts, calling it “ trivial.” +https://www.cnbc.com/2019/03/07/lacroix-maker-national-beverage-blames-poor-earnings-on-injustice.html + +"Caporella apologized for the company's poor performance, assuring investors it wasn't due to "mismanagement nor woeful acts of God." Instead, he said the falloff in sales and profit were caused by "injustice."" +Hi, + +I have a small inheritance that I am considering putting into Premium bonds for a while. In the short term I gave no use for it and am not interested in putting it into a stocks and shares ISA or savings account. + +Those who have premium bonds, I'm curious as to whether you have won a draw prize. If so how much. + +I have heard that if you put in a lump sum you were more likely to win, is this just the balance of probabilities (more chances to win if you put more in) or is it a weighting? + +Thank you! +Over the weekend I discussed that I was worried that a market correction would be coming any day. When I saw the COVID updates yesterday it crossed my mind that I could wake up to this. + +Well... Here it is. + +What I won’t be doing is selling everything, or anything for that matter, at a loss. Unless you just yolo’ed your cash into random “$tonks” people told you to buy, the very same research or indicators that made you buy them in the first place are likely still valid. + +Remember that you haven’t actually lost anything until you actually sell. Take a break today. + +EDIT: I posted this specifically about the expected market correction. Sure, if you have a dud that hasn’t panned out as your DD anticipated, cut your losses. No reason to hold anything on blind faith that it will eventually turn around. +So you've probably heard a bunch already about the Bitcoin golden cross, this is when the 50 day moving average (DMA) crosses above the 200 day moving average. Others are calling for it in just days or hours but this is incorrect because the 50 DMA is crossing the 100 DMA right now, not 200 DMA. However, Bitcoin is on track to have the 50 DMA cross the 200 DMA in mid-September. + +The last time this happened was in May 2020 which led to the price of BTC going from $8,000 to a peak of $64,800 (a +700% bull cycle). That bull cycle recently ended with the big crash a couple of months ago in May 2021. We also saw a death cross (bearish opposite of golden cross) in June 2021 which led to the price dropping from $41,300 to the low of $28,800 (-30% bear cycle). + +That bear cycle is ending as we speak and a new golden cross should form in mid-September which could propel BTC's price to the $80,000+ range and finally hit the big $100,000 price point people have been yearning for awhile now. It should happen around late Late January 2022 to early March 2022. So if you're feeling bullish on Bitcoin's recent history-making rally and upcoming golden cross you should still buy now and HODL, not in Sept or Oct when the new bull cycle is well underway. Let's keep this train rolling! + +PS. I just noticed it's my 12th Cake Day! Shared with automod who is only 9, I'm older than auto mod haha. To celebrate my 12th Cake Day I bought some Bitcoin for the upcoming golden cross! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I've got a couple stocks I'd like shares of at a lower price, so I plan to write CSPs instead of using a limit order. Is it better to write long-dated puts and rake in extra premium? I feel like LEAPS are less likely to be executed when they reach the strike price, and I don't want to wait 2 years to buy the stock. I'm also wondering if it's better to write the puts closer to the money and let the premium bring my cost basis down to the price I want to pay. Would that increase my chances of being assigned? + +&#x200B; + +It feels very odd to be worried about NOT getting assigned for once. + +&#x200B; + +Edit: Thanks guys +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I’m curious what everyone’s target percentages are for capital gains vs. premium income? Are you biased to low delta CCs for example because you believe most of a return will be from capital gains or do you write low deltas and rotate in and out of positions more frequently and bias income as a higher percentage of overall returns? + +I’ve come to this sub after over a nice decade of passive B&H with a descent decade of active trading before that. I’m in my late 40s and about 8-10 years from retirement and looking to increase the income portion of my portfolio over that time. I’ve been primarily writing low-delta CCs on ETFs I own and high-delta CSPs for accumulation. I moved out of individual equities and into etfs when I became a passive investor around 2010 and prefer to stick with them despite the lower IV to reduce some risk. + +My own thesis as a long-time B&H is that capital gains(or losses) will makeup the majority of a return which is why my deltas are biased where they are but I worry sometimes about leaving too much premium on the table. My goal is underlying + 10% per year which works out to about .75% per month in extra premiums or lower cost basis . $1 mill compounded at 8% for 10-years is 2.2. $1 mill compounded at 18% for 10-years is $6 mill. A little bump in APR goes a long way. + +I’m contributing to my account at a rate that allows me to enter a block of SPY every few months so I will write a low delta naked or partially secured put on SPY, QQQ or IWM for a few months while I build the cash and raise deltas each month approaching ITM when the cash is there. If I get assigned, I’ll carry the shares for a few months on margin but this goes a long way towards lowering my cost basis on entry/assignment. Portfolio buying power is many multiples higher than these shares so no margin call or liquidation worries there. + +As retirement approaches, the idea is to start to bias deltas the other way to focus more on synthetic dividends with less market exposure but I’m here to see how this all plays out and try and learn a thing or two as well. +I'm wondering if there's anyone that is consistently selling weeklies on this for at least the past few months or longer, is there some safe % strategy that you are going with, and do you believe that it is a safe method, or will Tesla start to go down maybe a week after the 21st? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +As title states and I’m sorry if this has been posted before, but how far OTM on a relatively volatile stock (growth) would you risk selling OTM CCs on for stock you have not yet held for a year so it does not get called? I do not qualify for a Roth IRA due to income. + +Is it simply best to close? I am pants on head r tarded so any insight is appreciated on how to tackle the calculation. +Doing your own research is not only heavily advised, but it can also save you from investing in projects doomed to fail. But how do you conclude an effective research on a cryptocurrency? + +**Firstly, the DON'TS:** + +**#1** \- Don't believe any YouTubers with surprised or hyped faces and video titles such as "AMAZING OPPORTUNITY 🚀 1000X POTENTIAL COIN 😲". They usually just buy heavy bags of low market cap coins, pump them in videos, then dump it when all their viewers bought in as well. Rinse and repeat. + +**#2** \- Don't invest in a cryptocurrency based on one source. Always double or triple-check everything, and take every opinion with a pinch of salt. + +**#3** \- Don't fall for Pump and Dump schemes. They usually involve organized shilling on Reddit, Youtube, Discord, Telegram, etc., claiming to know the next moonshot that will make everyone rich. They do the same as Youtubers, buy bags of a certain coin, "announce" it to everyone involved, and sell their coins when the price is high enough. All the others are left with heavy losses, and the organizers just pick the next coin afterwards and repeat the process the next day. + +**#4** \- Don't ignore math behind cryptocurrencies. What I mean here is we see many newbies come here and say they bought XX,XXX coins because the price was $0.001, and what if it moons and reaches $1,000? Yeah, so prices doesn't work that way. /u/Lovinglyhandmade created a great website to help you better understand market cap potential of alt coins. The website's name is [The Coin Perspective](https://thecoinperspective.com/?c=XMR), and it helps you with calculating the price of many coins if they had the market cap of a different coin such as BTC, ETH. + +**Secondly, what to DO:** + +**#1** \- You need to understand the basic terminology of cryptocurrencies first. For example, what is a blockchain? What are alt-coins? What's the difference between a smart contract platform and a DeFi project? If you know these, then great, you can move on to step 2. If not, I suggest you start by researching these terms, and try to understand how crypto works in general. If you can find the time, I'd also suggest reading [bitcoin's whitepaper.](https://bitcoin.org/bitcoin.pdf) + +**#2** \- After you know which coin you are researching (and what type of cryptocurrency that is), you need to dive in and start reading and watching content. A lot. Also, don't forget fact-checking, this is crucial. One other thing you should do is list its competitors (for example, if you are researching Ethereum, its competitors include Cardano, Polkadot, Cosmos, etc.), and COMPARE the cryptocurrency you're researching with its rivals. + +***#3*** *- (I'd like to quote* /u/LargeSnorlax *here:)* +"Look at what's wrong with the coin you're looking at and understand its weaknesses, not just the strengths that the weird minions tell you about all the time. + +* Does it lack adoption? How long will that adoption take to come? What are the barriers regarding that? +* Is the technical protocol incomplete? What are the plans regarding that? How long will it take to have a version that fulfills the project's goals? +* Is it decentralized? If not, is there a plan to make it so? When will that plan be complete and what will the protocol sacrifice in order to get there? +* Is the project liquid? Will the developers lose interest if the price does not increase and move on to another project? + +I find it's always best to consider the bad things about the project rather than the good things. It's easy to sell someone on the good of a project, and much harder to talk about the bad and how to fix that.” + +**#4** \- Google “\[insert coin name\] scam” just to make sure nothing serious comes up. If you happen to find something that might indicate your researched crypto is a scam, make sure to get to the bottom of it. + +**#5** \- Do a background check on the Dev team. Can you find them on social media? Are these real people? (Real photos, real posts, real connections, etc.) + +**#6** \- Do research on people who're already invested in the project. What about the community behind this cryptocurrency? Are they cult-like shillers, talking about nothing but the price of the coin? Conversely, do they talk about tech and its possibilities? Are they optimistic about future updates and developments? + +**#7** \- Check the Nakamoto Coefficient to see whether your researched crypto is decentralized (enough) for you to invest in it. + +Hopefully, I could help some of you with your research. As always, if you have any other good tips, make sure to share it with us in the comments! Special thanks to /u/Lovinglyhandmade, /u/LargeSnorlax and /u/ReloDD for inspiring this post. + +Thanks for reading! :) +Recently (from past 3 weeks), there has been significant drop(0.5-1.5%) drop in debt funds nav. I am tracking top rated corporate, psu, dynamic bond funds. There hasn't been any interest change from RBI and corpus is either AAA or sovereign rated. And no news of any default yet. + +I am unable to ascertain the reasoning behind it. If someone can either explain or mention some educational links, it would be great. + +Most contents either refer to credit risk or interest risk. Credit risk may not be applicable or feebly applicable to these funds. Not sure how interest risk is impacting. +I am reading about expense ratio and trying to understand them. However I dont think I understand how and when it is charged and how do I calculate it to check how much I have lost to it. + +Let's assume I have invested in a mutual fund with 2% Expense ratio. + +I started the SIP for 2000 from Jan, 2018. I am planning to invest in this MF for 5 years. How do I calculate how much will I lose to expense ratio ? Is 2% charged every year on the total invested amount ? + +2% will be charged on 24,000 in the first year, and then 2% will be charged on 48,000 second year ? +I'm an 18 year old who currently resides in India. I became interested in the world of financial markets (primarily stocks) about 2 years back and started learning more about it. Also opened a demo account where I managed to get a decent rate of return. So all these finally influenced my decision to actually put my money (around 35k INR) in the market. + +Issue is that since I learnt primarily in terms of the US stock market , that is what I'm more knowledgeable on. I have almost no clue on the environment of the Indian Stock Market. So I thought I'd start investing in US stocks via this app called vested, a stock brokerage app which lets Indians invest in US equity. It is registered in the US and is an SEC registered Investment Advisor and insured by SIPC. + +Question is I havent been able to find anyone in my network who uses it and hence am reluctant to use it as I do not know if this app is safe or not . If any of y'all could confirm nor deny the reliability of this app, it'd be very helpful. Thanks +I have been owning a piece of land since 2008 and the prices multiplied around five fold by 2013-14 but since then it has been at the same price levels more or less. This has been the state of real estate where prices have been stagnant for 5-6 years. Gold was also the same but it finally took off last year and is now at significant price level. Is it fair to expect real estate to do the same? +It's not a secret that we're locked in a Stag Hunt together. A [Stag Hunt](https://en.wikipedia.org/wiki/Stag_hunt) is a cooperative game from Game Theory in which two hunters choose to hunt either a Stag or a Rabbit. It requires both players to successfully take the stag down, so there's some risk that the other hunter will defect from cooperating and choose the rabbit so they don't go hungry, but if both players choose to hunt the stag they both achieve the maximum payout. For the Apes, hodling for MOASS is the stag, and paperhanding is the rabbit. + +Game Warping is essentially just the addition of games. The introduction of an external factor that is common knowledge to all players of a Game results in the rational players' payoff matrix becoming warped by this knowledge, leading to a shift in the [Nash Equilibria](https://en.wikipedia.org/wiki/Nash_equilibrium). For the Apes, this common knowledge is our collective pool of DD, as well as the memes that adhere the community together. + +The Stag Hunt we're in has been warped by the knowledge that [hedgies r fuk](https://fliphtml5.com/bookcase/kosyg) and have been plundering the global economy for decades, making hodling the only rational option. + +The game the hedgies are playing is the game of [Chicken](https://en.wikipedia.org/wiki/Chicken_(game)), wherein both the hedgies and the Apes have the option to concede or continue adding to their positions. But Apes have warped the game by eliminating the possibility of paperhanding as it is not a rational option for us. This skews the payoff matrix for the game of Chicken such that the Nash Equilibrium is Apes add, hedgies concede. + +MOASS is mathematically inevitable no matter how you look at it, the Apes have too much potential to navigate the [anti-rivalrous](https://en.wikipedia.org/wiki/Rivalry_(economics)) domain to compete with - they have an incredible capacity to extract the truth from the underlying landscape. Superstonk is a glimpse of what is possible in the future with DAOs. Apes have achieved the autopoiesis of a collective intelligence with an unrivaled potential to solve problems and research; Wherein each individual in the network is following "MOASS's Phoenix" ([Ether's Phoenix](https://medium.com/ethereum-optimism/ethers-phoenix-18fb7d7304bb)) - the promise that once we reach escape velocity all debts will be paid and that cooperation begets reward. + +This is exactly how Ethereum promises to skew incentive structures in the Games society plays. Smart Contracts are able to enforce the incentives of a Game to warp in such a way that cooperation is the only rational option. The Ethereum Network, much like the collective intelligence of Apes, is an unprecedented arena for playing cooperative games and has the ability to transmute all [zero sum games](https://en.wikipedia.org/wiki/Zero-sum_game) into positive sum games where cooperation can outcompete competition even within its own rivalrous domain. + +Papa Cohen and GameStop are the seed from which humanity will be able to speedrun achieving the connectivity of mycelial networks. The future is positive sum, not the zero sum world we live in today that prevents individuals from exploring their passions. + +Buy. HODL. DRS. Shop. Vote. + +Soon may the tendieman come. +Im a 20 year old girl and I've saved a good 3k to put as a downpayment on my first car. I dont really have any family members or friends that could go with me or help. The only person I have thats willing to help me is my grandma who isn't knowledgeable about car buying at all. I've kind of just been doing as much research as I can on my own but thought maybe some experienced used car buyers on here could give me some advice. + +For reference, I'm really am just looking for a car in the 8k-12k range that are reliable so I dont have to worry about getting a new car until I'm a bit older and more financially stable. Im pretty set on a Toyota Corolla or a Honda Accord/Civic. + +My questions are more like, where should I buy it? Ive been looking around on apps like Carfax, Autotrader, etc. However today a friends boyfriend who works for a dealership was telling me to never buy from a third party seller and to always go to a dealership because they do an inspection for you. So I looked around on dealer sites and my options are definitely more limited, and pricier. Is the dealership and certified preowned worth it? + +Also another thing is that I'm going to have to go to the dealership alone, which is really intimidating for me and is giving me anxiety because I really dont know what I am doing and how it all works. Some advice I've been given includes: Accessory fees are a no, Cleaning fees are a no, Full tank of gas fee is a no, Nitrogen in tires (?) fee is a no, Dealership preparation fee is a no, Avoid high mileage because they can throw an engine light even if inspected, and a good apr rate is anywhere from a 2-5. + +Sorry for the long post. Any and all advice appreciated! + +edit! - oh wow! thank you all so much! mostly everything i've read is completely new information to me and I really appreciate it. To answer some questions: 1) no I really dont have anyone to go with me except for maybe one old co worker who I'm definitely going to beg after reading all of this. 2) not to be too personal but some insight into my situation: the only person in my life who could maybe even kind of help me is my 70 year old grandma who is pretty sickly. She is probably willing to co sign for me and has good credit. other than that I am completely financially on my own. My mom is kind of... her own situation so I'm figuring out adulthood on my own. Im not even sure if I have health insurance at this point. so I'm not too sure how the loan thing will work, but I will do major research asap! 3) I have a credit score of about 680. I have never missed a credit card payment and always pay 3x the minimum payment. I am pretty good at saving my money. I live in the bay area and work full time at about 2300 a month after tax. I do not pay rent but pay for everything else I need. Hope this gives any context! +Hey all, it's been a while since I posted the interactive (and mobile friendly) version of the [UKPersonalFinance Flowchart](https://www.reddit.com/r/UKPersonalFinance/comments/7fui6i/interactive_ukpersonalfinance_flowchart/), and I'm pleased to announced that the most requested feature of being able to change/update previous answers has finally been implemented thanks to [Felix on GitHub](https://github.com/felixajwndqw). + +Anyway, here it is again for your on-the-go flowcharting needs: [Interactive Personal Finance Flowchart](https://marcusmichaels.github.io/personal-finance-flowchart/) + +&#x200B; + +**~~BONUS UPDATE:~~** ~~This is a slightly outdated version but I'm currently updating it to match the up-to-date flowchart image.~~ + +**EVEN BETTER BONUS UPDATE (3 hours later):** The content is now up-to-date with the latest version of the flowchart. I've rushed this out today so if you find any mistakes or bugs, please let me know :) +Remember, comparison is the thief of joy :) + +Following on from the *"1 in 10 are millionaires"* thread, I've done some digging and found ABS data from 2018 about **household** **net worth distribution**. + +Median is \~550k per many sources. + +1 million sees you in the top 32%. + +1.5 million top 20%. + +2.3 million sees you reach the top 10%. + +3 million the chart caps out, with 7% having a higher net worth (almost 1 in 10 households). + +Given recent property & share surges, factoring in potentially 10 - 20% increase since 2018 on these higher end ranges would get you close to current values. + +&#x200B; + +|Net Worth (k)|Percent|Cumulative Total| +|:-|:-|:-| +|0|1.3|1.3%| +|100|18.4|19.7%| +|200|8.4|28.1%| +|300|6.7|34.8%| +|400|5.9|40.7%| +|500|5.7|46.4%| +|600|5.9|52.3%| +|700|4.8|57.1%| +|800|4.4|61.5%| +|900|3.8|65.3%| +|1000|3.5|68.8%| +|1100|3.5|72.3%| +|1200|3.0|75.3%| +|1300|2.5|77.8%| +|1400|2.0|79.8%| +|1500|1.7|81.5%| +|1600|1.7|83.2%| +|1700|1.4|84.6%| +|1800|1.2|85.8%| +|1900|1.0|86.8%| +|2000+|6.7|93.5%| +|3000+|6.5|100%| + +Source: [https://www.abs.gov.au/statistics/economy/finance/household-income-and-wealth-australia/latest-release](https://www.abs.gov.au/statistics/economy/finance/household-income-and-wealth-australia/latest-release) +https://twitter.com/yuantalks/status/1010815038435704833?s=21 + +https://twitter.com/yuantalks/status/1010831592447590400?s=21 + +Looks like the PBOC is trying to juice up the economy over there given the recent turmoil. View this as you want but central banks don’t do this when things are going well. + +In this case, the PBOC is recommending that the freed up capital be used to shore up debt for SMB or micro sized companies. +I haven't bought a "brand new" phone in years. Last month I absolutely needed a new phone so I bought a certified refurbished Samsung Galaxy Note 9 for $375 and currently pay less than $70/month for me and my fiance's "Basic" unlimited plan with Sprint. When that phone came out it was close to 1K and mine is in perfect working order with no scratches and a 90 day warranty. +I purchased a Series I Savings Bond on Treasury Direct in April. The initial balance remains unchanged. Did I do something wrong? When will I see the interest posted to my account? I tried to submit a support request to ask but that went no where :-) Thank you +Hi! I (27M) have a succesful video company and have been doing close to $200,000 year over year. My family and i live on about $50,000 and we save 60% of all income. (The rest goes to taxes, etc). As someone who is very interested in using this money to make more money, what are the best tips to use this money to grow my wealth? Should I just continue to save and keep it in my savings account, should I invest in a real estate market, any input would help! +We are 30 years old. My husband got laid off during the pandemic.. it may be a few years until he’s called back, he was in the aerospace industry. He doesn’t qualify for unemployment right now so he’s been doing odd jobs to bring in cash like Amazon flex etc. he is going to go back to school for IT as a back up plan, a lot of it is paid for as part of him being laid off from his company. But of course that could be years until he gets the degree and gets a good job in IT. + +I’m a nurse working full time. We both were putting 12% in our 401k but now he doesn’t have a job so should I be increasing this amount that I put in? +Now we only average about $1200/month in a 401k on my income + +We bought a house just before the pandemic hit thankfully so at least we have some equity in our home (about 60k already) + +Just not sure what to do, not sure if him pausing retirement savings for a few years will be detrimental or not. +I have a few funds in my 401k one of which is FLPSX which has a higher then average expenses ratio but has a return higher then Average... how do you determine if it’s worth keeping? +Hoping to get some advice from someone who has either a) dealt with this scenario, or b) has some professional expertise. + +Let's say I'm selling my primary residence in a state that has 5% capital gains taxes. + +It is my understanding that the first $250,000 of profit over my cost basis (purchase price minus cost of selling, major updates to the house, etc) is exempt for single people, with that doubling to $500,000 for married couples. + +For the sake of simplicity, let's say I bought for $500,000, did no work and had no selling costs (ha!) and sold the property for $850,000. This would mean that I have $100,000 of taxable profit and would pay long term cap gains to the federal government and my state. (Let me know if I'm still on the right track here). + +Ignoring the ethics of it, if I signed a lease in a state with 0% tax on capital gains (say TX or WA) before I closed, would I still have to pay taxes in the first state? +Half vent, half looking for advice. + +I've got nothing left to give. I only have the clothes on my back, and a handful of things in a book bag I cannot part with. I need to come up with money for rent (bound to be homeless soon) and to visit the dentist to figure out why my tooth is killing me. I sold my hair earlier this week to try to make ends meet. I was scammed out of my money. Just cutting my hair brought great inner turmoil and made me question if God did such a thing as a test of due faith as I grew up in a culture where women simply do not cut their hair. I've since distanced myself from this culture, but my hair is something I am still very attached to as one thing I've reclaimed as my own and truly have control over -- yet from what I hear selling your hair, especially if it is natural untreated (no products, no dye) hair, can be worth selling if you know how to. I'll try again once it grows again but looking now all I can do is cry and wonder what my husband would think. I lost him this year to Covid and life has been a downward spiral since. He'd make a joke and laugh at me, smooch my head, and hug me. He'd cut his own hair too with the same kitchen scissors I used, and we'd laugh and laugh and get through this together as we always do. + +I had myself a good cry and now I'm just trying to get myself together and survive one day at a time -- but what else do you give when you literally have nothing left? I was considering selling my eggs, but I can't find any information on how to do so and honestly any sort of surgery really spooks me (I've been irrationally terrified of doctors since a few traumatic experiences with my pediatrician ||involving physical, emotional, and sexual abuse||; at best I have "white coat syndrome" and feel like a nervous wreck the second I walk into a waiting room, at worst I have full swing debilitating panic attacks at the thought of seeing a doctor). I am not sure if my medical condition would allow me to even be able to do so, even if at could overcome this fear. Now looking into selling plasma. As much as doctors scare me getting my blood drawn is something I'm relatively okay with, and if I focus on how much it pays I think I can get through it. The nearest place is one sate over, however, and I don't have the means to get that far right now. +https://www.agrudtech.com/eikon-and-bloomberg-terminal-a-failing-duopoly/ + +https://www.thetradenews.com/start-up-targets-bloomberg-terminal-users-with-free-service/ + +I know B-Terminal and Eikon are the industry standards, but it seems obvious that these two platforms are going to fail eventually. Bloomberg terminal comes in at $24k a year, and Eikon not much less. Meanwhile, I know loads of people in the field who've started using alt platforms and I'd imagine nearly all B-Terminal and Eikon users could get along just as well using alternatives. + +What do you all use? Do you think that free/low-cost platforms can compete with Bloomberg and Eikon? +ASKOLend is a decentralized finance protocol that allows people to lend and borrow crypto. + +&#x200B; + +You can compare ASKO with AAVE. (6B Marketcap, Lending platform) + +**Current Marketcap (USD): 6,806,775.59** + +**Circulating Supply: 107,447,517** (title says 102, but its 107) + +**40 percent of the tokens are currently staked.** + +&#x200B; + +What speaks for ASKO? + +• AAVE has 23 assets listed, ASKO will list up to 11 tokens at launch with more to come. + +\- In ASKO you can choose between a high risk pool with a change to be slashed, or a lower risk pool with no chance. -> The rewards being higher in the slash-risk pool. • Tierlending with different risk categories is one big difference from AAVE. + +Apart from that, the coin is sitting at 12M MCAP. AAVE is at 6B MCAP. (Jesus christ) Let's say Asko is only 5% successful: 5% of AAVE is a x30 from now. + +&#x200B; + +**Some very comfy bullpoints:** + +&#x200B; + +• Devteam is dorg. (Developer of The Graph, Gnosis, and Balancer). -> Every coin they touched went over 1B Mcap (Proof: [https://twitter.com/dOrg\_tech/status/1303258902977564672](https://twitter.com/dOrg_tech/status/1303258902977564672)) + +• Code is fully audited and passed security audits. + +\- Quillhash Audit: [https://drive.google.com/file/d/1JwCCkcWnhpiXkaJMhms8WLY\_hmzEkrL9/view](https://drive.google.com/file/d/1JwCCkcWnhpiXkaJMhms8WLY_hmzEkrL9/view) + +• **CEO is from US and very based. • Mainnetlaunch and AVOLEND launch is on the 13th of this month (3 days from now)** + +\- d0rg Medium post AMA: [https://medium.com/@thegeneral1/askobar-network-x-dorg-team-x-american-hito-of-uniswap-army-8be7113c049b](https://medium.com/@thegeneral1/askobar-network-x-dorg-team-x-american-hito-of-uniswap-army-8be7113c049b) + +&#x200B; + +**EDIT:** + +What sets ASKO apart from AAVE and compound? + +*" In AAVE if you’re staking your AAVE in the safety module you may lose up to 1/3rd of your staked amount if there’s a sudden insolvency and the protocol needs to balance it out* + +*In ASKO when you stake you can choose between a high risk pool with a chance to be slashed, or a lower risk pool with no chance* + +*The rewards being higher in the slash-risk pool* + +*TLDR: Low and High risk pools"* + +&#x200B; + +**Conclusion:** + +Buy in, this is probably the biggest gem right now. Get a bag as soon as possible. + +Remember (we are still super early): -Still no TOP 10 CEX Listing (Only nerds can buy it right now) -Still no youtubers 'shilling' it + +&#x200B; + +Twitter ([https://twitter.com/dOrg\_tech](https://twitter.com/dOrg_tech)) + +Dorg (@Dorg) | Twitter + +The latest Tweets from Dorg ([https://twitter.com/dOrg\_tech](https://twitter.com/dOrg_tech)) +Didn't get good experience from upwork but if you know, please share where are some sites where there're good algo writers as I have some strategies in mind to get them into code for testing. Thanks! + +Or if you're interested, pls PM me. +I have an ML model but it takes 2 chili cheese dogs to complete on average and that's just inconvenient. What language is the best bang for my buck to both further my data analytics skills and runsfaster than python? + +edit: I appreciate you guys taking the time to respond, I am already reworking my python code using your tips :) +Algotrader started off as an open-source project governed by GPL. Then one day they attempted to go closed-source. + +https://web.archive.org/web/20141223232841/https://code.google.com/p/algo-trader/ + +Now they are filing false and illegitimate DMCA notices against all publicly hosted repos that contain their original open source project. + +https://github.com/github/dmca/blob/master/2016/2016-01-20-AlgoTrader.md + +https://github.com/github/dmca/blob/master/2016/2016-01-15-AlgoTrader.md + + + +and here is someone with balls: + +https://github.com/github/dmca/blob/master/2016/2016-01-21-AlgoTrader-CounterNotice.md + + + + +I'm trying to learn to code my own bot to automate part of my trading for the last 4 days (take a moment to laugh) and I'm finding it impossibly hard to find one that can calculate a bid entry. + +The problem is that I don't want to just generate a buy or a sell signal. + +I want to calculate an exact entry price. Freqtrade doesn't appear to have this option from what I've found digging through the tutorials. This will severely limit the usefulness of a bot if I'm limited to just market ordering or placing a limit bid (x) positions away from the current bid/ask spread. + +Can anyone point me to a bot that can perform this function? Am I spinning my wheels thinking this is a solution I can find or is this an option reserved for people that have vast amounts of cash to spend getting it developed? + +I'm willing to pay for this to be developed for me but I need to know beforehand that it's going to work before I start going through all the steps of doing it. Basically, a proof of concept for myself prior to purchasing. +as the title states, the last taxes i filed was 2015 and after a severe period of depression that im still going through i neglected this part of my responsibilities and have been unable to ask for help for fear of whats awaiting me. this is really affecting me and ive been contemplating asking for advice for fear of ridicule, thus, the throwaway. + +&#x200B; + +I filled out some basic stuff in creditkarma with the documents ive acquired from my employment and it says i flat out owe like over a thousand. i dont know if this is incorrect or if this is what my punishment is. i didn't finish filing them because i at least wanted to ask for some advice before i accept my fate. i know this involves printing out some forms from the IRS and i think its crucial that i have what i would potentially owe directly in hand, which is preventing me from pulling the trigger on a root canal surgery ive been post-poning for over a year. + +&#x200B; + +i really appreciate any one taking the time to read and even more any one taking the time to help me in this very scary and desperate time. +**Thesis: Bitcoin will forever be the currency of the internet.** + +This write up will contain information about **where we are in the world**, the **role Bitcoin will play** in it, and most fun - **Price Predictions!** I've spent over 1000 hours trying to wrap my head around this revolution. **Let's begin.** + +The Internet has changed the world forever in such a small period of time. People forget the internet became a global sensation only in the **1990s**, and look how far it's come. + +The entire **WORLD** now runs on the internet, and **WILL** continue to run on the internet. + +We are currently living in ***The Exponential Age*** at this point in history. Technology is evolving the world at a rate faster than ever before in HISTORY. Simply put, the world is moving at light speed. + +Shown in the graph below, the internet is the fastest developing idea/product in the entire world. + +[The Exponential Age](https://preview.redd.it/cranvt6775r81.jpg?width=823&format=pjpg&auto=webp&s=8ad30bdb8abaf44bbbba9e27180f497a50976908) + +As a comparison, the distance of time between the creation of the Light Bulb and invention of the Internet is approximately **143 years apart.** The difference between the creation and Internet and Automated Self Driving Cars (FSD) is only is only approximately **30 years apart.** + +Please let that sink in how complex it is to create AI vehicles that humans can trust to bring them to their needed destinations. Only 50 years before that we never could have even dream how to build such an idea. + +**That one idea is only one of millions of innovations that's happened in the past couple decades.** + +The internet has exponentially been solving problems since inception. Examples such as Social Media, Smart Phones, Artificial Intelligence have given the world a new way to connect, and forever interact with the digital world at large. + +We are at a stage in technology where the internet has a literal voice. The internet is becoming an everyday citizen of the world. Check out "Sophia" the robot! + +[Sophia!](https://preview.redd.it/7z9x1kle75r81.png?width=711&format=png&auto=webp&s=50386a1c133ca4a5401936256940193d8bd40212) + +Now that we've explained The Exponential Age, where does **Bitcoin** fit in? + +Bitcoin was created by an **unknown person** who went by the name "Satoshi Nakamoto" on January 3rd, 2009. **Satoshi's vision** was to create the first EVER proper form of **Digital Money.** This Digital Money needed to have a fixed supply, be secure, and permissionless. With **Bitcoin**, there is not a single person in the **world** that has the power to turn the system off, alter or block a transaction, or alter the max supply of this new currency. + +**System never turns off**: Digital Money that runs 24/7 for the rest of Human and AI's total existence. + +**Be Secure**: It is impossible to exploit the network, change the network, or devalue the network. + +**Fixed Supply**: It is mathematically impossible to devalue the money against itself. There is no inflation. + +On **Dec. 13, 2010,** Satoshi officially resigned from working on Bitcoin and handed the project off to the world to complete. Bitcoin's core values had already been set, and it was up to the world to keep it safe, secure, and forever running. + +**Fast forward to today, Bitcoin is running flawlessly, and is absolutely thriving in adoption. Nobody knows who Satoshi is today, or if he's even alive.** + +Currently, Bitcoin usage is growing at an exponential rate, as information about it and it’s ease of access is taking the world by storm. Check out this chart displaying how the Bitcoin adoption is growing at the same speed as the adoption of the Internet. We've already hit a $50,000 BTC in 2021! + +[Internet Adoption VS 2020 BTC Price](https://preview.redd.it/jz8ygjrf85r81.png?width=742&format=png&auto=webp&s=16f2cf261ab4ca05369b9bba49f476ba1bd05553) + +We can also see the Bitcoin number of Active Addresses (Users/Wallets) increasing exponentially as the price rises (bringing more attention to the asset) + +[Active Users vs BTC Price](https://preview.redd.it/13wptisk85r81.png?width=750&format=png&auto=webp&s=0bef9acec8c845d93d742583340dd88876a4ba45) + +Adoption is moving fast. But why does the world even need Bitcoin anyways? + +The world technically **revolves** around Money. Money and economic incentives drive the world to be forever evolving space, as well as allow us to earn resources needed to live. Currently, the entire world is being plagued by money that is being devalued, assets that are being inflated, and people who are losing faith in the current system. People are getting desperate, they’re looking for an alternative, it’s getting bad. + +Bitcoin is the solution to these peoples problem, and very fast are many starting to notice. If you're reading this in 2022, check how **EARLY** we are, and how exponential we are about to grow. Congratulations to all BTC holders out there. + +[It's about to get crazy.](https://preview.redd.it/qn8z2e3r95r81.png?width=649&format=png&auto=webp&s=1a6b9c383aff593ff1505f1e98f1ffa344e2904c) + +Billionaires are buying it, country’s are adopting it as an official currency, the US government is accepting it for tax payments, and the world is trying to go greener to acquire it. The list goes on. This is all happening within a short decade. The demand for Bitcoin will only continue to accelerate from here. + +The toothpaste cannot be put back in the tube. Bitcoin is taking the world by surprise and there is no stopping it. The world’s finally taking advantage of this fair, secure, and incorruptible money. The world is learning to store its wealth on the Bitcoin network. It is a **black hole** sucking up the world's corrupt, controlling, and unlimited supply of Government money. **People are taking back control of what hard earned money is all about.** + +*Bitcoin is digital gold, it is financial freedom, and it is the future of economic energy.* + +Theoretically, because Government money has an unlimited supply, the price of Dollars per Bitcoin can go to infinity when compared to it as Bitcoin has a max supply. So why do we want to get in early? + +The reality is, governments cannot stop printing money. It is impossible to stop printing money, and with Bitcoin having a forever fixed supply of 21 million coins, it mathematically will 100% continue to rise in value against a currency that has a maximum supply of infinity, assuming there is demand for Bitcoin. (The strongest currency) + +Read what I said above again. The price of Bitcoin is literally going to *infinity* against the dollar. Bitcoin is number go up technology against ALL currencies of the world. + +[USD vs BTC over time](https://preview.redd.it/u8rv3xvm65r81.png?width=1246&format=png&auto=webp&s=9fdb5e06b8c92c8bda06e2400b5cc03a9095a86d) + +Year after year, dollars are purchasing less, and Bitcoins are purchasing more. Bitcoin is exponentially increasing in purchasing power. Bitcoin mathematically is the strongest currency in the world. It is a perfect place to store long term wealth, and exchange economic value with another entity. + +The question that lead many of us down the Bitcoin rabbit hole is, **how high can Bitcoin price go?** + +**In Short, the price per Bitcoin valued against the Dollar should be anywhere between $500,000 and $4,600,000.** + +That's right, Bitcoin is EASILY going to 1 MILLION DOLLARS a coin by 2030. We are so early. The world has a lot of money in it. The world's money is beginning to fly into Bitcoin as we speak. + +[Public Companies holding BTC](https://preview.redd.it/12r5kf7xd5r81.png?width=1309&format=png&auto=webp&s=a3c412f2e88af206e218bf174a03eb32c53f71a3) + +The chart above will show us that Public Companies are beginning to HORDE Bitcoin, as they see it as an essential asset to hold on the balance sheet of their business. Many of these companies are taking Bitcoins off the market, and they will NEVER return or be resold for dollars. + +Bitcoin is the easiest asset to maintain, and the greatest asset to hold over a long period of time. Everyone is making a lot of money off this. Everyone needs a piece of it. + +The kicker is, we are going into a transformational time in history. Inflation rates are at record highs, reaching 10% a year in most of the world. (This is conservative) + +The Global BOND market is worth approximately $100T. All this money placed in bonds is literally LOSING investors money. If inflation is at 10%, and you are earning 2% on your bonds, you are *"safely"* losing 8% a year on your investment. The math is that simple, and it is that sad. + +We can now say at least 30T of these bonds are smart enough to notice within the next couple years that the money placed inside them need a new home, the whole Crypto industry and Bitcoin itself is that black hole that is going to suck up a large portion of it. (Crypto Industry is currently only worth $2.5T at the time of writing this) + +**With all this money coming, and adoption growing exponentially, what prices per Bitcoin could we expect?** + +Maybe this is something for you to study yourself, but I'll give you an idea of models and ideas to study to get you on the right track. + +*These Price Projections, Models, and MATH have been provided by* ***James from InvestAnswers****. Check him out on YouTube!* [*https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg*](https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg) + +**Price Projections by 2030** + +* Metcalfes Law: $11M per BTC +* Stock to Flow: $9.5M per BTC +* Fidelity and ARKK Invest PP: $1M +* Average of all the models: $4.6M +* **Expected Case: $1.9M** + +I like to give conservatives price predictions for BTC. Realistically, any of these could be correct. The math just works, it's not hopium, it's not inaccurate, this is REALISTIC. + +**I expect a $1M Bitcoin by 2030, and I have put my money where my mouth is.** + +The question is, should you invest? Yes. NFA! + +Take a leap of faith, this is all very possible, and will likely happen. + +[A leap of faith!](https://preview.redd.it/hjq549o0j5r81.png?width=535&format=png&auto=webp&s=e74c8107fbf7f7ec2450bf3330b9d62439813a6f) + +Keep in mind, Purchasing Power of $1M in 2030 will not be $1M. This is true because of how inflationary the dollar is. See below what happens when BTC = $1M a coin with varies inflation rates. This is why we need sound money that does not devalue against itself. (Bitcoin if you haven't understood that yet) + +[Chart from InvestAnswers](https://preview.redd.it/np1lcfgri5r81.png?width=912&format=png&auto=webp&s=754b0ea12aea22c8fadc2ca8892b2de47b8d56ce) + +Get ready to see Bitcoin being accepted as payments at all your local stores, and sent between all your friends. It's only up from here. Bitcoin and Crypto as an industry is a 50X opportunity from here over the next decade or two. This $2.5T asset class is going to $100T. (Similar to the Stock Market and Real Estate total market) + +Study hard, study often, pick the right assets, and enjoy the gains. + +The question is: ***WHEN MOON?*** Stack your bags, do your DD, and happy investing! + +Again, NFA! + +[Bitcoin in El Salvador](https://preview.redd.it/997hxwx2g5r81.png?width=784&format=png&auto=webp&s=63a993d3425629ee6e9be7588e7fe471c0dcbd5c) + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.** +During march after I bought in I got to see all the manipulation WHILE the stock went up. I watched every day while I went to work it would go up 10-25% a single day. We were gaining like crazy but, before I bought I took the time to understand the exact position $GME was in. + +So when it took a nose dive at $350 I didn't blink a eye. I knew the price target of $10m and the squeeze was close so even as we approached $100 I bought more. Not once did I think of selling only buying as it got cheaper. You need to take this time pre-sqwozen to digest and truely understand where we are and why our numbers are not jokes. + +We cannot have you leaving early and you can't have yourself leave early with so much money on the table. If you are surprised by and price movement you need to read more because everyone else is as sturdy as a rock. When this goes down thousands or tens of thousands of dollars if you haven't had enough confirmation bias you will doubt it and sell. Don't be that ape. + +\- Watch AMAs ([Wes Christian AMA is really good](https://www.youtube.com/watch?v=2rJujnpKiqM)) + +\- Read DDs ([Summarized DD](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/), [GME Masters' Guide](https://www.reddit.com/r/Superstonk/comments/njln8o/draft_i_have_done_my_best_to_summarize_the_gme/?utm_medium=android_app&utm_source=share)) + +\- Watch the chart yourself of Short Attacks ([Stonk-O-Meter](https://gme.crazyawesomecompany.com/), [TradingView](https://www.tradingview.com/chart/?symbol=NYSE:GME&source=unauth_header&feature=launch_chart)) + +\- Go to /u/DeepFuckingValue 's page. ❤ you + +keep yourself motivated to the fullest + +\*\*\*\*\*\*FLOOR IS [$24,120,494](https://gmefloor.com/) A SHARE FUCK YOU GRIFFIN\*\*\*\*\*\*\*\*\* + +&#x200B; + +edit: + +added /u/[kneeltozod](https://www.reddit.com/user/kneeltozod/) suggestion to read. + +added /u/[Sam\_I\_Am83](https://www.reddit.com/user/Sam_I_Am83/) suggestion to read. + +👨‍🚀👩‍🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎💎💎💎💎💎💎💎💎💎 +As title says, I applied for a store card today. They asked for last 4 of social and my phone number. They then found my info, which was all correct except for some random email. Should I be concerned? Maybe that email was tied to my number before I had it but it seems weird that they had my current address and everything else right. Anyone have thoughts on this? +Rather than taking over a shithole and making it livable we should take over a small tax haven places like Bermuda, St. Nevis or the Channel Islands. Benefits: + +- No capital gains tax or other tax already +- Already finance jobs we can move into +- Small populations, Bermuda, St. Nevis and Guernsey all have populations of like 60,000. Also voter turnout is often poor, in Channel Islands it is only 32%. This means 10,000 autists voting as a block can dominate politics. +- Actually nice place to live + +Once we run the place we can do whatever we want as we won’t be subject to federal law. We can legalise coke and hookers with no problem. + Hi folks, Tendie Baron here. + +&#x200B; + +We need to talk about what is happening with GameStop's borrow rate. In this post I talk about the historical borrow rates on GME, possible explanations for what is causing the borrow rate run-ups, and finally what this means for us GameStop investors. Let's dive in: + +&#x200B; + +# Historical GME borrow rates + +https://preview.redd.it/55yjocpj6l891.png?width=1917&format=png&auto=webp&s=a6e3f96282ad136ba5914b4f79a511557ad7af0b + +We've seen several borrow rate increases in 2020, which are possibly related to Cohen buy-ins. In January 2021, GameStop's borrow rate peaked at 88%. Since then we've seen 4 runups: + +1. Feb'21: 1% -> 13%, but did NOT sustain increased rates +2. Jan'22: 0.5% -> 3% +3. March'22: 1.75% -> 27.43% +4. May'22: 5% -> 108.20% + +&#x200B; + +If we look closely, we see that the rate of increase has also increased: + +* Jan: a **\~3x** increase! (from 0.5% -> consolidated at \~1.5%) +* March: a **\~2.85x** increase! (from 1.75% -> consolidated at 5%) +* May: a **\~6.4x** increase! (from 5% -> consolidated at \~32%) + +&#x200B; + +Since December'21 / Jan'22 we've seen a gradual increase on the GME borrow rate. With the run-ups, **it looks like the borrow rate is increasing exponentially overtime.** + +It's starting to look like GME borrow rates are currently consolidating in the 30-35% range for the May-June'22 cycle. I consider this incredibly bullish, as it sets the stage for a run up to new heights... more on that later. + +&#x200B; + +# What is causing these borrow rate increases on GME ? + +Here are three possible explanations: + +**Explanation 1: Continuous buying & holding of GameStop shares is drying up liquidity.** + +I do believe B&H is exacerbating the problem of borrowable shares availability, but I don't believe it is the (main) reason for the run ups. **Retail buys gradually, not in bursts.** There's more to it. + +&#x200B; + +**Explanation 2: Short Hedge funds have doubled down on their bets and used more resources to short** **GME** **down.** + +While I do think it's related, I also believe that borrowing shares from retail would be a 'last resort measure'. It would be a sign of exhaustion of other means, if true + +https://preview.redd.it/lgsk6mhq7l891.png?width=1543&format=png&auto=webp&s=90187b58c95ce49e3aebf80d9537efe1a24f5088 + +**Explanation 3: Borrow rate run-ups have to do with ETF share availability & obligations to ETF's.** + +I think this is the most likely reason why we're seeing these intents run-ups. E.g. XRT going OFF the threshold list on 6/2, which happens to be the peak of the May-June run... (note: at the time of writing, XRT is back on the threshold) + +&#x200B; + +# What do the borrow rate increases mean for us? + +I believe there are catalysts which are causing run-ups in borrow rate every 2 months, this might be related to ETF share availability & obligations which have to be fulfilled to the ETFs. The demand looks to be cyclical, therefor predictable: + +* The borrow rate run-ups have been on ODD months, AFTER monthly option expiries. +* In the March'22 and May'22 run ups, the borrow rate increases were paired with a significant increase in GME stock price. + +&#x200B; + +# What we may see in the upcoming cycle: + +1. I expect the upcoming borrow rate increase cycle to happen near the end of July, after the monthly option expiry date (7/15). +2. We might see a borrow rate increase above the ATH (200%+). +3. The borrow rate increase might be paired with a run-up in GME + +&#x200B; + +I'll be monitoring GameStop, GameStop news and its borrow rates closely. Can't wait for the fireworks... + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.* +I have a secure government job. I landed in it by accident and it’s not what I want to do for my career. I’ve been considering going back into consulting. + +With everything going on in the world right now, I’m starting to feel like that might be a stupid idea. Should I chose security over career satisfaction? +Hi AusFinance, + +As the title suggests I’ve recently decided to leave the FIFO lifestyle to pursue a career where I am home full time. However, due to the massive pay cut I am a little stressed as to what next year holds with regards to interest rate rises, inflation etc. The FIFO job was a 2/1 roster on 180k before tax including super. The new job is a 4 year traineeship starting on 70k working up to around 120k. I have a house with my partner, no kids or animals. Mortgage is variable $2600 a month with 490k left and 20k in offset. No other debt. I know I should have more in the offset with the salary I was on, but I have been smashing renovations around the house as I purchased a run down house with those intentions. + +I feel like I’m doing the right thing long term as I am starting a career which will give me a qualification and allow me to return home every night whilst the FIFO job was paying well but getting me nowhere in 10 years. But I am still stressed with inflation and interest rate rises next year and feel like things are going to get pretty tight being on such a small salary. + +How many others are in similar scenarios and what are you doing planning ahead?? +Lyft is five times cheaper to acquire than Uber. It has 35% of ridesharing marketshare in America and is rapidly growing in Canada—two of Amazon's biggest market. + +Currently, no major Western ridesharing platform is profitable. That's because it takes a ton of costly promotions and subsidies on both the rider and driver sides to grow a ridesharing platform. + +Amazon, however, could substantially reduce the high cost of new rider acquisition by just offering their over 100 million Prime members a discount for using Lyft over Uber. This would shift marketshare overnight. + +Then, on the driver side, Lyft drivers could be doing last mile order fulfillment for Prime Now and Amazon Restaurant when ride demand is low—effectively increasing driver wages through removing time spent waiting for a new passenger while also lowering Amazon's fulfillment costs. + +The operational efficiencies that come from owning both commerce and ridesharing would allow Amazon to become the most valuable company in the world. + +Uber and Amazon are already competing on a ton of fronts. AmazonFresh and UberEats, Uber freight and amazon prime delivery. My money is on Bezos to win though, they can shoulder the massive costs with AWS +So this post is a reflection on what is occurring in a small corner of the UK, but is never really talked about, almost to the point of it feeling taboo - property value in Aberdeen + shire. + +We bought in early 2015. Property had peaked, not that we knew it at the time. Had just sold a small house and made about 25k on it over 7 years. Bought new bigger place for just over 300k, which was over the valuation of 280k (paying a certain % over asking price is just how things worked in Aberdeen back then). + +Then the oil downturn kicked in in late 2015. Over 5 years, the value for this type of property in this area has dropped by about 25% or for us about 70k. That 25k equity we had is also largely gone, as nobody is paying over asking price nowadays. So we're staring down the barrel of nearly 100k loss in 5 years. The market is showing no real signs of recovery, and Aberdeen's time as the oil capital of Europe feels well and truly over. + +Not that we need to sell, but the thought of it is just all-consuming. The bubble well and truly burst and we couldn't have bought at a worse time. + +It's not even like we're doing too badly financially, at least we are not in negative equity (yet). Fortunate enough to still have a job. Have managed to build up some savings and a S&S ISA but it's all just totally offset by house depreciation, it doesn't feel like we're getting anywhere. We want to have kids but at nearly 40 don't feel any more financially secure than at 30, this is not how it was supposed to be. + +So I suppose I'm just looking for some advice or words of encouragement on how to stop thinking about this all the time. +Hello all, + +&#x200B; + +I've been a member of this subreddit for some time , and love reading all the stories here. + +&#x200B; + +I am curious how you all manage to balance your FIRE goals, with your own happiness, whilst avoiding lifestyle creep? + +&#x200B; + +I recently moved out on my own and got a 1 bedroom in a very HCOL area - I have definitely the happiest I am ever been. But am starting to feel guilty as this is my first instance of lifestyle creep. + +&#x200B; + +I am curious how you all manage, do you set hard fiscal percentages? Do you allow a little bit of life style creep where it counts? + +&#x200B; + +Thanks in advance! +# Introduction + +Hey all, [after the announcement by Piñata that they will be working directly with GameStop](https://www.reddit.com/r/Superstonk/comments/t5jnzk/pi%C3%B1ata_head_of_product_confirms_gme_partnership/) as a host of their NFT content, I'd like to take a minute to help everyone understand why this is such a big deal. First, let's talk about one of the biggest problems and legitimate arguments against NFTs that until now, has not been solved. + +**Quick Disclaimer: I'm using NFT art as an example in order to simply explain these concepts. The reality is that NFT art is only one of potentially thousands of unique real world use cases that NFTs offer.** [Check out my previous DD that explores just a few of the potential use cases.](https://old.reddit.com/r/Superstonk/comments/rtn7vz/my_theory_on_the_nft_marketplace/) + +# The Problem with NFTs + +The NFTs of today are very simple at their core. Each NFT exists as a block of data on the chain that is very much like every other block, in that it represents a completely unique hash and can also contain some custom lines of code that are also stored on the block chain and cannot be changed. Note that I said a few lines of code, and not an image file (like a jpeg). Instead of having an unchangeable image file stored on the chain, you get a few lines of code that point to an external URL that is hosting the image file of the jpeg. **Yes you heard that right. The NFT does not actually contain the image file, it points to an outside website that is hosting the image file.** Some of you may already be realizing why this is a problem. For those of you who don't, read on. + +There is a reason for the fact that the image itself is not stored on the chain, and it's that **committing information to the Blockchain is expensive** (can be equated to the processing power required to calculate and rewrite the entire chain on each node to contain this new block). Blockchain at its core works by having an exact copy of itself located on many decentralized machines. People like you and me can use our computers to operate as nodes and contribute our processing power to calculating and rewriting the chain in order to add new blocks to the chain. Each node operator has an exact copy of the chain stored on their PC (less than 100GB of data at this current time). Whenever a new block is added to the chain, all of the nodes update their copy of the chain together, agreeing upon a single immutable and non-fungible "true copy". This is called the consensus protocol, and it's why Blockchain is so secure. Essentially, the consensus protocol makes sure that every new block that is added to the Blockchain is the one and only version of the truth that is agreed upon by all the nodes in the Blockchain. Now you can start to understand that the more information you write to the chain, the more information that every node now has to process to rewrite the chain to contain your new block. This means it is prohibitively expensive to store large amounts of data on the chain. + +Now that we know why the images aren't stored directly on chain, why does it matter (and why is it bad) that the NFT instead points to an outside URL (website) that is hosting the image that the NFT is intended to represent? Well, external URLs are fungible. **Web2 is fungible. It can be changed, deleted, hacked, altered and in general is just not a sure thing.** The host of the website can decide they no longer want to commit to paying for the server space to host your NFTs image. Now your NFT is broken and points to nothing and is therefore worthless. The host might go out of business and can no longer afford to host the image. Now your NFT is worthless. The image host just might not like your content and decides to take it down. Now your NFT is worthless. See why having things linked to NFTs off chain creates some problems? + +# Piñata - The Solution + +Now let's talk about Piñata and how it works to solve these problems. [Seriously watch this video](https://pinnie.mypinata.cloud/ipfs/QmVzQdLztGgzvvYatzCpgubqM3VZPyGa6xbzieAyFNRGcY?stream=true) , it'll Jacque your Teets. +Using the decentralized protocol called [IPFS](https://youtu.be/5Uj6uR3fp-U) and CID content identifier technology, **Piñata creates a trustable, secure, and decentralized consensus method of hosting large quantities of data off chain to be linked to an on chain NFT, without sacrificing the security of Web3.** This is a huge leap forward in maintaining the security of the NFTs off chain data and vastly legitimizes their use cases that involve third party web based storage and hosting by moving it to a Web3 based decentralized platform built on IPFS. This essentially negates the largest arguments against the legitimacy of such NFT use cases which is a huge necessity for the success of this marketplace's launch. + +https://i.redd.it/v3r86nutonl81.png + +# Conclusion + +**It's all coming together for me at this point, Piñata may have been the last piece of the puzzle:** + +* Loopring solves the etherium gas fee issue with it's L2 wallets and NFTs via their zkRollup technology, which divides the high cost of minting one block into potentially thousands of transactions that are instead bundled onto a single block, reducing gas fees by orders of magnitude and therefore legitimizing the mass application of minting and trading NFTs. They handle getting the lines of code stored in your NFT onto the chain without it costing you an arm and a leg, and the same goes for transfers and wallets, and on and off ramping your real world fiat currency onto the chain. They may also be building the decentralized exchange to replace the stock market that we are all speculating about. +* ImmutableX is the front end of the marketplace and they interface with partner companies and creators to get their products onto the marketplace seamlessly. Their APIs make it easy for companies and content creators to connect their products to the blockchain and host their content on the marketplace or within their games. +* Piñata allows off chain file hosting that utilizes a decentralized protocol much like blockchain called IPFS to host large files in a secure and verifiable manor, legitimizing any NFTs that are tied to externally hosted content and preventing the need to sacrifice the security provided by NFTs when they point to large files off chain. + +**And on the more tinfoil hat side:** + +* Microsoft provides tons of gaming ecosystem experience, they have cloud hosting services to potentially host the server side information for future blockchain games or the metaverse, and they have some of the most iconic gaming IPs of all time under their management that could be adapted for use with NFT and blockchain technologies. +* Apple makes some of the most bulletproof and user friendly (delighting customers, anyone?) hardware and software of any company out there. My ultimate tinfoil hat theory is that they're creating the AR/VR hardware and interfaces that could finally bring both VR and the metaverse into the mainstream. Maybe they'll even be the Porsche to our Volkswagen? Only time will tell. +* But in reality I think both of these companies have already reserved their place in line after GameStop to move their stocks to the first true decentralized stock exchange of our time. + +# TLDR + +Piñata legitimizes NFTs by providing a method of hosting large amounts of off chain NFT data on a decentralized protocol called IPFS, without sacrificing the security of Web3. This eliminates the largest argument against NFTs: Web2 based hosting platforms are not secure, and the Web2 URL that your NFT points to is exposed to potential manipulation by the hosting party, government, hackers, or many other potential scenarios. + +I have just read [GMEDD.com's article about this partnership.](https://gmedd.com/blockchain/pinata-confirms-best-in-class-nft-media-management-for-gamestop-nft-marketplace/) It's probably worth a read as it comes to many of the same conclusions and contains some details I missed in my post. + +P.S. DRS your shares, it's the only way to own them and it's the only tool in our hands to hold Wall Street accountable +My SO and I are just learning this after two years of filing taxes. I'm in school full time and only work odd jobs now and then while my SO works full time. Two years now we've had to pay in taxes to the IRS, but this year we can actually get a refund. + +[Source](https://turbotax.intuit.com/tax-tools/tax-tips/Family/Can-I-Claim-a-Boyfriend-Girlfriend-As-a-Dependent-on-Income-Taxes--/INF14242.html) + +EDIT: As one user pointed out, you have to have lived with your SO for the entire year for this to apply. +On the 9th of February 2015, somebody gained access to an online computer of ours with a BTC wallet holding 445 BTC. The attacker, that also defaced our desktop with a nice picture of a Moroccan hacking group nicknamed "moroccankingdom", transferred those BTC to 5 different wallets: + +16a2pR6UDyeqv1ArQ8hGXJgqVCWfoqbdUr +17MtkE39Ms9gcZBdAWS6QQCyd7qrKdVdzo +1KNgyBny6S5sA9fxU8QJC3bLFHdDAKAabU +12RrvE59LUgcRdgE5W4iPpjcr66GtW6YgV +1EMChJbxPW7vTLyaTh3TBVMm9i8BUPFA1i + +Those BTC were left sitting for roughly 1.5 year, until a few weeks ago when the thieves found out how nice bitcoin mixers are, and started to mix them, leaving back (to our limited knowledge) nearly no traces. + +There is an ongoing criminal investigation with the local police authorities but we're afraid they haven't enough forensics knowledge on how to potentially recover these BTC, so we are offering here a 50% bounty (that is, 222.5 BTC) to whoever can recover the said Bitcoins. The bounty applies also in case somebody provides significant information that may lead the authorities to incriminate the thieves and subsequently recover the stolen BTC, for example, but not limited to, the IP address used by the thieves or an exchange that was used by the thieves to exchange part of those BTC. + +Of course we still hold the private keys of the wallet where those 445 BTC originated from and, should anybody contact us with relevant informations, we will provide signed proof of ownership. + +Who knows, maybe somebody knows something that we don't about Bitcoin forensics? Please help us recover our lost funds.... Let's give it a try. +Hello, + +I am a computer science student and I am going to try to build an algorithmic trading program this summer for fun and for the experience. The first thing I want to identify is what a reasonable goal would be for someone of my background would be. I have experience in C++, Java, and I have a hobbyist's understanding of securities and the market. I am willing to learn whatever is necessary to make it happen (probably python and find some resources on financial modeling so I can create a model). I also thought about hiring some finance students at my school to help me build the trading model, since I know more about programming than I do rule based trading. Obviously I don't have the expectation of 100% annual returns, so what is a reasonable goal to set for the annual return of my strategy? I was thinking to shoot for 20% but I'm not sure if that is overkill. + +And just to be clear, I am not talking about HFT and taking advantage of arbitrage. I'm talking about developing a model to trade common stock and possibly options. This is a beginner project - I'm not looking to change the world. I am looking to set a reasonable goal. +I've been following this sub off and on for about 3 years or so. During this time I've been trying to follow the directions of the side bar. Learning coding, math, statistics, machine learning. + +I'm at the point where I can implement basic machine learning algorithims and have an OK understanding of how they work under the hood. I think I'm ready to start coding basic algorithms that make predictions it feels so unsophisticated that I can't possibly imagine it working. + +In my head I imagine even the guys that make peanuts are super fucking smart and spent years developing their algos just to even get there. + +I don't have expectations of becoming a millionaire over night but I'm just trying to gauge the barrier to entry here and how far away I still am from being able to put forward a legitimate attempt at this. +Oh, my God...uncontrollable laughter over here. From the "punishment should fit the crime" files. The FI/ER connections are endless. + +>"All Propst had left was this final denouncement of what his creation had become: "The cubicle-izing of people in modern corporations is monolithic insanity." + +Nobody is to stone anybody until I blow this whistle. + +TWEEEEEEEEET! + +[The Man Who Invented The Cubicle Went To His Grave Hating What His Creation Had Become](http://www.businessinsider.com/cubicle-inventor-propst-hated-creation-2014-10) + +Edit: holy fuck, people…I just googled "open office" to see what the shrieking was all about, and Jesus Christ…how do you not run amok with a machete in an environment like that? +We’ve all seen this in one way or another, hell maybe some of us has exhibited this ourselves in the past. + +I’ve had friends and family tease about crypto back in 2018 after the crash when just weeks ago they were curious and were talking about how they wish they had taken advantage of the opportunity before it blew up. Though when this opportunity re-presents itself, they run for the hills. This is repeating itself now and it’s only a fraction of what happened in 2018. + +It’s not easy sticking to your guns and continuing to hodl and make reoccurring purchases through the dark times. But when you do, and you’re now up 1000%’s they’ll call you lucky. + +Luck is often when preparation meets opportunity. Stay prepared and the opportunity will present itself. + +Granted, recent market conditions are only an extremely small blip compared to the 2018 crash and ensuing bear market, but the pessimism is already apparent. +LFG SUPERSTONK ! + +I just don't have words I hope this will suffice + +https://preview.redd.it/8dpzmn9rg1471.png?width=1465&format=png&auto=webp&s=dfab7b10ea938f6b063a14e4b4103efab5c8fffe + +https://preview.redd.it/nafcxvipe1471.png?width=268&format=png&auto=webp&s=75b5f1964e6a5da71ed7633372cdb7b956ddc400 + +Tits Jacked? + +Good mine too, I'm on hold with a doctor it says no more than four hours... + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/ntsm5a/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Check out 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, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, moon base... + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +# After Market Wrap + +Thanks guys for tuning in closed $4 below that prediction but still above 300 what a great way to end this day of the birth of a pretty dope dude. Thanks for all your support guys see you bright and early tomorrow with more spartan pickle action. + +\-Gherkinit + +https://preview.redd.it/dijyqmzrl3471.png?width=730&format=png&auto=webp&s=d7381d89a672114ca8076d1e384cea61843f681e + +Edit 8 3:42 + +304.20 EOD prediction I'm sticking to it + +https://preview.redd.it/yx7fya41i3471.png?width=1551&format=png&auto=webp&s=216421c686087e73a0663fae4ecd54d92e55a1b4 + +Edit 7 2:32 + +Looking like a breakout of this consolidating wedge remember like all GME breakouts expect it to be suppressed a bit but we could have a nice power hour like yesterday + +https://preview.redd.it/27fgmytl53471.png?width=1552&format=png&auto=webp&s=24382491d88e6dc7bd7861bf05d654400ba78ce6 + +Edit 6 1:53 + +Chopping on 300 + +https://preview.redd.it/vmni6nmjy2471.png?width=1554&format=png&auto=webp&s=e54bbc8c32bca7a24c05782633c186fb2ee73aa8 + +Edit 5 12:51 + +Lunch over possible breakout from this small wedge to re-test 300 + +https://preview.redd.it/tae8uenhn2471.png?width=1537&format=png&auto=webp&s=e3f848b491a9843a0fd29ffde449a439176f65be + +Edit 4 11:33 + +Double bottom retest 300 + +https://preview.redd.it/zpc0iexm92471.png?width=1523&format=png&auto=webp&s=414cc1b66d8a5e433e94e9ec012dd41c8b717b7c + +Edit 3 11:09 + +Didn't hold the gains from earlier breaking down to the 300 support + +https://preview.redd.it/ro41g7cd52471.png?width=1502&format=png&auto=webp&s=e1312e0fcf1c7f6a724fde70f31b83d94efff878 + +Edit 2 10:45 + +That was crazy I think another test of 350 is more than possible. Little bit of consildation going on right now but still nicely above VWAP + +https://preview.redd.it/8z6yjqrk02471.png?width=1556&format=png&auto=webp&s=492eb7721295dd9845a88b82ddd8fa89b8d53835 + +Edit 1 9:45 + +Ah yes, Happy Birthday DFV! + +https://preview.redd.it/akd3lnd5q1471.png?width=1539&format=png&auto=webp&s=2fd5480997420b972f77aed1752303e0542d1b07 + +# Pre - Market Analysis + +This is what I like to see nice steady growth on an undervalued asset. close at 280.01 open the next day testing $300. I think a test and break of $300 at open is a good possibility. Volume is very nice. I think we might be seeing some FOMO from that FOX segment yesterday as well. + +https://preview.redd.it/9g2gn5zof1471.png?width=1504&format=png&auto=webp&s=2c08270aacd03f39b6750de0523848ccff17d079 + +It's possible our bull flag this week tests even the upper limits of this channel and a breakout could be really crazy. The channel indicates a possible Intraday low 242.50 and as high as 355. + +https://preview.redd.it/1eqbp8yeg1471.png?width=1537&format=png&auto=webp&s=93ebece9668c263aa6f4dad096cbc252838134c6 + +Expect a fight/dip + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +\**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/) +Throwaway account for obvious reasons. + +I’m considering sale of a ~$5mm retail sales business. In mid 2020, I mentioned this to a consultant friend of mine and he referred me to an M&A advisor that he had worked with in the past. The advisor is a one man operation, but with great credentials and a solid track record of successful deals. this advisor collected several years of financials from me as well as doing a series of interviews. During this process I began to aggressively learn more about the steps involved in selling a business of the size. Along the way I ended up not using the advisor to help me sell, because I got stuck with analysis paralysis in regards to trying to find the best way to sell my business. + +The initial advisor that I spoke with was going to charge me a small flat fee of several thousand dollars to gather the valuation for my business. Then he was going to charge me 1% of the gross sales price as a success fee.. This would have resulted in a fee of approximately $50,000. The thing that kept me from going forward with the advisor was that early on in our valuation process he advised that a EBITDA multiple of 1.5X would be appropriate for my situation. +I have experience with other people in the same business as me that have sold and they typically get an Ebitda multiple of 3X. I corrected the advisor on this and he agreed to re-evaluate and use the 3X multiple. However this caused me to lose confidence in this advisor due to such a large miss in terms of the correct multiple for my business type.. My understanding Of the advisers role in reference to actually marketing and selling the business was that although he was not technically a broker he acted in the same sense. After the valuation he will then work through his networks to locate potential buyers, present them with nda’s, and bring in competitive offers. + +Since that time I have spoken to a business broker that specializes in my type of business. The broker seems to be a large operation with with a large staff that handles many roles regarding the sale. The big difference is that this broker charges a fee of approximately $250,000. The broker also is in tune with my business type and he initially advised that a multiple of 2.5x would be appropriate, which is slightly less than what I have learned similar businesses are selling for. I spoke to them about this and got the response “you are the seller, we’ll use whatever multiple you want, and work from there”. + +Any advice from this great community is greatly appreciated. +Feeling quite sad at the moment, my boss surprised me with the fact that i will be made redundant in less than a months time. He said it’s due to business finances which is funny as I’ve spent the past month helping a couple of new hires how things work, little did I know I was helping my replacements. It took me quite awhile to find this job and now I’m back at square 1. What should I do money wise whilst applying for another job? Benefits? What would I be entitled to? Also, do I have a case against them that they’re lying about business being down when they’ve hired 4 new people? +Hi, I've recently quit my job as the title says. + +I gave my notice and was going over my final payout amounts with my partner when she was looking at my timesheet and noticed something. For the past year I have been working 1am-9am, she mentioned that this means I should be getting a "late night" loading on my pay. + + +The problem is, I haven't been recieving this. I made it clear to my now ex-employer who accepted it as fact and is going to try and sort it out. I contacted Fair work to confirm the details and it turns out my partner was right. I should have been getting more. + + +Now my question is, will this amount affect my annual leave payout seeing as I should have been on a different hourly amount then I have been paid the whole time in this employment? + + +Secondly, I am entitled to backpay, right? + + +Thanks in advance and any other pieces of advicing on navigating this situation would be appreciated. + + +Thanks. +Hello everyone, + +After re-balancing my portfolio I have ended up $500 leftover that I would like to drop on a cheap coin, please give me your recommendations! + +**My portfolio currently consists of:** BTC, ETH, LTC, ICX, SUB, XZC and NEO. + +I don't mind if the last coin is a high risk one, I just want it to be a cheap one so it'll worth adding $500 to. Also more importantly, I would appreciate it if you mention why you think your coin is a good choice. + +**Some coins I thought of:** +**ADA** (seems overvalued with no product yet) +**XLM** (Don't know much about it, is it in competition with XRP?) +**XRP** (Missed the moon due to funding problems, not sure if its worth adding now maybe after a dip?) +**IOTA** (Looks like a good project but currently at $3.6, however if you think it has high potential I'll still add it) +**REQ** (I hear it mentioned a lot but don't now much) +**FUN**,**ENJ** and **XP** (All three share similar goals and look interesting but I have no idea about the potential of this market). + +Thanks in advance! + + +As the title states, the father claimed the child on taxes for 2021 and it was supposed to be my year to claim. There is a court agreement where we switch every year. He says he forgot it wasn’t his year, and then said I should have filed earlier and this wouldn’t be a problem. My question is there anything I can do to get my refund for the child now? Also what is preventing the father from doing this every year? + + + +Edit: thanks guys for all the insight. Mailed it in and all the advice helped! +After the Yes Bank and PMC Bank's fiasco, I am worried about the health of the banks I deal with. What are the crucial metrics that should be tracked for a bank to gauge it's health? Is there a place in the internet where this data could be readily accessible? It's hard for an average Rahul like me to calculate all the ratios for multiple banks every quarter and still get something wrong. + +Right now a big chunk of my savings is in IDFC and IndusInd because they offer better interest rates. I don't want this greed of an interest rate to come back and bite me in future. Hence, trying to be smart about it. +Last night my dad attended a meeting with a company named Tradewings. I don't know any details but they asked to front 3.5 lakhs to buy a franchise and they will give back 10k per month for 36 months. The catch is they will be giving tips on how to make 3000 bucks every day on some MCX or something which is open from 9am to 11pm. I am pretty sure this is a MLM scam. He is somehow stubborn on this. Please tell me how to convince him to not put money there. Are they any ways to check if the company or scheme is fraudulent? And Amy good questions to ask the company which will prove this is mistake. Is there any proof from a source saying this company is fraudulent or known for illegal marketing or money-making? +Hello everyone, just trying to flesh out a idea I got from Chris Cole which advocates allocating a portion of your porfolio being long volatility. + +The strategy is to open a Put Backspread (selling a ATM put to fund buying 2 further OTM puts) on SPY or Russel2k and aim for a $0 trade or even a tiny credit. To do so without having to purchase Puts that are too far out of the money, you open this trade when the VIX is very low. Just before the March crash the VIX was often hovering in the low 11s before shooting up to 85. + +Obviously this is all in theory, and in reality is always more difficult to pull off. + +Just want to know if anyone has sustained this trade successfully? +So I moved across state lines to live with my best friend from high school, and to start a new career welding. It’s good money so far, and a heck of a lot better than managing a food truck, but i’m still just starting out. He and I make about the same annually now, but here’s the catch.. He spent the last two years living with his parents, I spent the last two years alone losing money to covid. Let’s just say he has a lot in savings, and i’m in debt. I’m not exactly in the position to go halfsies on a 55” TV. + +There are so many things we will eventually buy together, but he wants it all now and I just can’t do that. How do I talk to him? +We are closing on a significant (4+ m) personal residence that is not a recent build. In short, I’d like to secure the best homeowner warranty to cover as much as possible for the property. Most warranty policies are rated incredibly poorly and this niche seems a bit of a scam in general based on loopholes and exclusions discovered only at the time you need to file a claim. + +But I know my fellow FATs have likely found comprehensive, reputable home warranties for their properties - so please share your recs, suggestions. + +One of the biggest things I’m aiming for is the ability to use my own contractors for the work and not the ones pre-cleared by the company (and who are likely lower quality and looking to stay within the good graces of the warranty company vs. looking out for my interests). +Hi everyone, + +My partner (25M) and I (24F) are a young couple on the path to hopefully fatFIRE in 15 years with current net worth of about 2mil. Our annual income is around $700k. As of now, we're based out of NYC and absolutely love the city -- we plan on living here until we want to settle down long term with kids. + +However, we both grew up in Midwest suburbs with backyards and lots of green space/nature. I personally have no desire to move back to the Midwest due to my love for being near a city and diversity/quality of people. However, we cannot see ourselves raising our children on the Upper West Side or Brooklyn in NYC and have a desire to have a house/move to a suburb near a big city. We've bounced around the idea of being in a CA suburb but have heard subpar things about SF. We've also thought about Seattle for the nature, but the winters seem brutal with no sunlight... + +The question I have for all of you: **If cost of living were not a problem, where would y'all live long-term (ideally in US)?** +Fastly (FSLY) is a major CDN services provider which had a worldwide outage Today resulting in sites such as Amazon, Google, Reddit, Walmart and many more to crash for over an hour yet their stock price went up 10%. + +For obvious reasons youd imagine the stock price would have dropped Today. + +I'm interested to hear others thoughts on this. + +If I were to guess, I would say that the outage emphasised how important FSLY is to the every day running of dozens of the worlds largest websites. If you didnt know how popular it was before, you do now! Even I considered buying some stock this morning after I realised how widespread this company was however the anticipated dip never came. +&#x200B; + + I think everyone is very excited about the GME stock split 1-for-4 this week on 7/22 (Friday) , although the hedge institutions are in a dilemma of being unable to turn back because they shorted too many shares, so they have to continue to use the AI ​​automatic trading program. suppress. So everyone will inevitably hesitate about the future of GME. At this time, everyone knows what happened? Just after the close of 7/22, Blockbuster's official Twitter responded, more than a year ago, the RC chairman left the content of Blockbuster's photo on Twitter and announced that we, Blockbuster, will come out of the grave! ! That's pretty exciting After that, everyone continued to dig up that Blockbuster officially submitted the patent rights of NFTs at the beginning of this year (January 2022). From this patent application, everyone can see that Blockbuster is fully committed to the NFTS blockchain, and it is also revealed that Blockbuster It also seems to be clearly revealed to be related to RC and XBOX. At this time, I would like to thank GMEDD and several GME holders for finding relevant clues (Twitter WHITEMAN and BIGW, etc.) according to the pictures, and after I went to Google Maps myself, I made an amazing discovery. The following description is based on the timeline + +&#x200B; + + (1) I will not repeat the details about the content of Besta and what happened in the past. Please refer to other people's DD. + +&#x200B; + + (2) More than a year ago (2021.1.7) the chairman of RC published a photo of the storefront of Blockbuster. + +&#x200B; + +https://preview.redd.it/pel5ykbnmhd91.jpg?width=596&format=pjpg&auto=webp&s=43b755ca9dde189bdd6f2c014b9d2061b4a96935 + + (3) Over a year ago (2021.4.29) RC Chairman's former CHEWY colleague - Posted by Jim Grube Joining the GME with the RC Chair has a lot waiting to be done. + +https://preview.redd.it/xc9wrra3nhd91.jpg?width=858&format=pjpg&auto=webp&s=f90c3ae7d993fde905249eab4cc01b2db2828e19 + +&#x200B; + +https://preview.redd.it/02hcwp0nnhd91.jpg?width=858&format=pjpg&auto=webp&s=c84c8fafc54069c570c758f4a8717689857ac303 + + (4) A year ago (2021.8.8) Jim Grube (who is said to be a director of GME now, posted a photo of a tour of the GME store in Oregon on Twitter (with a huge chimney in the background). + +https://preview.redd.it/qh53jjatnhd91.jpg?width=1149&format=pjpg&auto=webp&s=931340268f88b083528cd4faad7d687b9dcf6c15 + + + + (5) The timeline has come to today, and the official Twitter of Blockbuster replied to the RC tweet more than a year ago, saying: Blockbuster has come out of the grave XD. I'll show the content in order from the timeline Now on to the deep digging part The relationship between Blockbuster and RC or GME has been discussed in the past two days. In fact, everyone seems to understand that there should be a connection between them. But after digging deeply, we will know that the deep layout of Chairman RC's chess game can be described as the 69 4D chess game that everyone has described. + +&#x200B; + +https://preview.redd.it/9vq7rct5ohd91.jpg?width=596&format=pjpg&auto=webp&s=43b8069b35589089beb15f1df5d7b7e8bb45e404 + +&#x200B; + + In fact, when GMEDD reposted JimGrub's tweet more than a year ago, there was a photo of GME Oregon in it. At that time, I thought that the three chimney-like contents behind the photo with the GME store were JimGrube deliberately left a clue, saying that he was Struggling to visit the physical GME storefront and at the time I also deliberately checked the location of the storefront. + +&#x200B; + +[https://www.google.com.tw/maps/@44.0456173,-121.3155367,3a,90y,66.42h,98.78t/data=!3m6!1e1!3m4!1sUhJdJAXvVfMR9fpRQMMxog!2e0!7i16384!8i8192?hl=zh-TW](https://www.google.com.tw/maps/@44.0456173,-121.3155367,3a,90y,66.42h,98.78t/data=!3m6!1e1!3m4!1sUhJdJAXvVfMR9fpRQMMxog!2e0!7i16384!8i8192?hl=zh-TW) + +&#x200B; + +https://preview.redd.it/sijgl6rgphd91.jpg?width=1108&format=pjpg&auto=webp&s=d6476b7b23466224380286ab4d31a44a85d7f1f4 + + Then it turned out that the three chimneys were huge flagpoles, and then almost a year passed unknowingly. At this time of the year, Blockbuster tweeted in response to the RC chairman. At this time, I re-explored with other APES. It is said that the location of the only physical storefront of Blockbuster in the United States is currently + +https://www.google.com.tw/maps/@44.0676771,-121.3036108,3a,32.7y,119.68h,91.36t/data=!3m6!1e1!3m4!1sCe1BGBDwMsmVhzypr18RBQ!2e0!7i16384!8i8192?hl= en-TW + +&#x200B; + +https://preview.redd.it/adpas20tphd91.jpg?width=539&format=pjpg&auto=webp&s=abf230cbc40c2ca5e6605377d6a152d425c36b5e + +&#x200B; + +https://preview.redd.it/3r58hea8qhd91.jpg?width=1027&format=pjpg&auto=webp&s=45a0968dc755241e77c2de30e243771b2a146fe8 + +&#x200B; + +https://preview.redd.it/ksjhxaosqhd91.jpg?width=1108&format=pjpg&auto=webp&s=22204f601ba62f688754421094e70dcf83913415 + + It turns out a surprising fact (1) The GME Oregon store is close to the only physical store of Blockbuster in the United States. (2) I searched on the GOOLE map and it was only 2.7 miles away, and it only took me 7 minutes to drive there + +&#x200B; + +https://preview.redd.it/fwhi3vzgqhd91.jpg?width=298&format=pjpg&auto=webp&s=a54fe7d0d42faa3f0bc3f5942786f233d4afa250 + + In fact, the above two contents can be found by normal people who can find this amazing fact , but after I dug deeper into the truth, it was amazing. It turned out that Jim Grube deliberately posted a photo of GME Oregon on Twitter a year ago and a photo of a prominent landmark similar to the shape of three chimneys, not to ask us to search for the location of his GME store, in fact This is a pre-arranged bridge, let us today in a year later Find the relationship between the two storefronts including the location of the map. + +&#x200B; + + Then the more amazing fact is that (3) The three chimneys behind JimGrube’s photo (the flagpole with the flag of the United States of America), in fact, his location direction is exactly where + + \#points to the northeast + +(#The location of the only brick-and-mortar storefront of America’s Blockbuster). + +https://preview.redd.it/30ohiirmqhd91.jpg?width=1276&format=pjpg&auto=webp&s=fa943303d28c8fce74f8587b5a12915c1c0f1f9b + +&#x200B; + +https://preview.redd.it/vlrh7neqqhd91.jpg?width=298&format=pjpg&auto=webp&s=c8b6ab6aa0cda46915051102a79fde8fcdcf2bd2 + + + +My conclusion from the above is: RC has laid the foreshadowing and easter eggs of this event more than a year ago. If this is a coincidence, it may be less than the chance of winning the lotto jackpot This result shows that this is an easter egg that RC has laid out for a long time. Today, more than a year later, I came out of the grave through Blockbuster's official Twitter and said: RC we are back (the NFTS patent will be used in the future to successfully resurrect Blockbuster). + +&#x200B; + +https://preview.redd.it/zyludkuhrhd91.jpg?width=1200&format=pjpg&auto=webp&s=b2f0927c89128996c446937a781dcf771945b21e + +&#x200B; + +https://preview.redd.it/6suey4zirhd91.jpg?width=1560&format=pjpg&auto=webp&s=68c199698f20756990bf3b16cec848b60fe40d7e + +This is the 69 4D international chess game under RC. We are the Pirates + Avengers, which means to tell everyone: Hedging agency, we are the general! stupid move! ! ! Finally, let me add: Everyone sticks to the end. After the stock split, we will enter the next stage of DRS. We will complete 100% of DRS as soon as possible, and short hedge institutions will have nothing to hide. At that time, by connecting to the decentralized blockchain, we can accumulate the past accumulation at one time. The number of naked short-sold shares is clear at one time. We will win! ! Everyone, keep going. # The above-mentioned team of GME investors from far away Taiwan has been working tirelessly to dig out the depth of the RC chess game and report the truth. Thanks for reading! ! + +&#x200B; + +https://preview.redd.it/oc8rde0nrhd91.jpg?width=1080&format=pjpg&auto=webp&s=36aced6dbe0dec8d95169c776f5002b6a06503a9 + +https://preview.redd.it/v56ak9i5rhd91.jpg?width=1000&format=pjpg&auto=webp&s=487e457b47e2371b6823e61ade5f97bf28da0164 + +&#x200B; + +https://preview.redd.it/uwkrfjp9rhd91.jpg?width=1319&format=pjpg&auto=webp&s=12681c72da85e3ab1113dde1c7192cb3e7726a16 +My 15 year old made a small amount on YouTube this year, about $3,000. Google required I open the Adsense account since I am the adult / parent so the money was sent in my name. Is there any way I can give it to him and not have to pay taxes on it? +**ME** + +* Sold company last year after 12 years in it in August of last year. Amounted to about ~$6M cash + ~$4M equity, and then added in $1M cash + $1M equity in April of this year after reaching earn-out goals + +* Single, mid 30's, one dog + +* still currently work there earning $128k but my role has been reduced dramatically + +**2018 Investments / Tragedy** + +* After selling I set aside $2M for taxes and put it in bonds, and the rest was put in VTSAX. Talk about bad timing, as the market just started to go haywire post-sale/deposit. Ended up realizing about $700k in losses in late December. Obviously I was in a way better position than I was a year prior despite the losses, but I was hugely stressing out since that is, how should we say, a shitload of money to see "vanish" (my logical side of course justified it as "it'll go back up eventually" but emotionally it was very hard to deal with, especially with days where markets were down 2-3% and I was down 6-figures some days). + +* Because of the huge losses decided I didn't want to deal with managing all my money by myself and gave an investment adviser who came highly regarded about $2.5M an slowly pulled out a good amount to take care of taxes. This took place over late December/early Jan. + +* I'd been hit up constantly by family offices, advisers of all sorts which hunt you down after a sale happens, talked to a few but I wanted to make /u/all_in_VTSAX proud + +**2019 Investments** + +* My VOO investments which had anywhere from $1.5-$2.5M in it has been up about $400k this year, I sold a decent chunk a few months ago after tiring of our president tweets causing $40-50k swings in a day and still being traumatized by last year's losses. Ended up missing on more gains since markets have continued to gain and had to pay short term cap gains taxes so in hindsight it wasn't a good financial decision--however the peace of mind that came with it was great. + +* I now hold about [$1.1M in VOO and ~$750k](https://i.imgur.com/bJh6MNB.png) in bonds. + +* Investment Adviser account: $1.48M was given to them, [the account is now worth $3M+](https://i.imgur.com/wToGmgv.png), almost all due to one stock pick. Big win here and again I wouldn't have gone with them if the 2018 downturns didn't happen. + +* $450k rests in two private equity funds with them, which has the potential to grow a substantial amount if all works well--so in terms of public markets they turned ~$1.08M into ~$2.6M. + +* I also have another $400k invested in another company that is headed by one of our advisers/mentors that helped build our agency to the size it got to. + +* Equity portion in the new entity that brought our agency is around $5M and projected to be worth $8-$12M by the next sale + +* bought an old triplex property in a HCOL area for $800k in February and renovated for about $200k. Have property manager AirBNB'ing it out, make anywhere from $11k-$25k depending on month (summers are a lot busier) + +* Personal purchases: $1M property, $200k car, a few international trips +I purchased 500k of term life, and \~120k/yr of long term disability insurance about 10 years ago. My current net worth is around 20mm (all pretty liquid), and my family shouldn't have any troubles living on that money if I were to pass. On one hand it seems kind of useless to keep paying for these policies, but on the other hand my superstition figures that the day I get rid of it will be the day I get hit by a MAC truck. + +I also wonder if there isn't something to be said for buying the policies at 25, and would they be more expensive should I buy them today? Is it possible that canceling the policies is -EV? + +Is there any realistic argument for keeping these policies, or should I save the $250/mo and get rid of them? +I have an above average salary, but less than six figures. High credit score, a very healthy retirement account, and e-fund, but still have low interest student loans and a mortgage. I love reading the PF sub, but lately I feel like I'm "past" all that. So I come here. But then immediately feel way out of my league. I feel like I'm doing a "lite" version of everything that's recommended here, and although I'll be very comfortable, I definitely won't retire earlier than my mid 50s. Does anyone else float between PF and FI/RE subs like I do? +Which one of you degenerates is responsible for this. I was perfectly happy just looking at fucking memes during my two week paid self isolation but no, the world had to go to shit right as my stupid broke 30 year old was trying to save for a house. Now I’m tits deep in fucking SPY 150p 4/20 Blaze It and fucking EVERYTHING IS RED. I just wanted hedge my bet against my rapidly depleting 401k that ALREADY DOESNT HAVE ANYTHING IN IT. You can’t even give me that can you? + +HURR DURR fucking SPY Puts. Trumps a cuck markets fucked. All of you are Russian bots. I’ve been doing this for 36 HOURS and I’ve already lost the ability to cum. The only thing in my weak ass portfolio that’s not completely fucking red is the Halliburton stock that RH GAVE me as a joke to say: watch how dumb you fucking are. + +I would have been better off literally flipping a fucking coin than reading anything this fucking cult puts out. The only fucking IV I need is morphine deliver into my dumb fucking brain so I can forget about how much my wife is getting fucked by the boomer upstairs. +New technology that increases production costs is a positive for society. But a decrease in the overall price level stemming from an fall in aggregate demand is a bad thing. +Well thats it. In my opinion Carl Icahn knows exactly that a single pic of him alone with a Chairman can move mountains, especially in the context of such a highly media-effective stock. This guy certainly did not have a nice afternoon talk with RC because he thinks Cohen is wrong. IMO Icahn put his money where his mouth is, or he will so so very soon. + +Edit: For everyone saying he/she's an individual investor: Of course you don't team up with Icahn like this, I meant it the way that you probably might have an overlapping investment with ci +A month ago I made [this thread.](http://www.reddit.com/r/personalfinance/comments/372dhq/if_i_dont_have_medical_insurance_and_a_medical/) + +***tl;dr*** + +- laid off from job end of January 2015 +- I am 34, wife is 29. I am a US Citizen. Wife is Thai National with US residency +- wife was diagnosed with signet ring adenocarcinoma cancer one week ago +- did not sign up for ACA when we had the chance (reason: arrogance & stupidity) +- we live in Missouri +- zero debt +- $99,000 left on mortgage +- ~450,000 in cash savings, investments, retirement +- currently receiving $1800 per month in unemployment insurance until Aug 2015 + +Where do I begin? This has been a devastating week for us. If anyone has ever needed a clear cut reason on why you would need to protect yourself when you have a lot of assets, just look to my situation. + +The folks in that thread were very kind and helpful. The advice was to apply for medicaid so I did, but received a notice that they wanted a list of our assets. [Link to page.](http://i.imgur.com/AM8yNIP.jpg) + +I was under the assumption that a list of assets weren't put under consideration for Medicaid? What am I not understanding? + +I am likely not going to be eligible for medicaid. I'm fully expecting that. It makes sense...Medicaid is 'needs based'. If/when that happens... + +1. What could I do next? + +2. Is there private insurance I could buy? Would it cover a pre-existing condition such as cancer? + +3. Could I get on Obamacare without a job during the next open enrollment in November? (I'm considering trying to find a job, but there would be no one to take care of my wife--this is very hard for us because the USA isn't her first home and she is lost without me) + +4. Would getting divorced just to have the "life changing event" to get on Obamacare really work? It feels like fraud to me. + +Additionally, I never got around to putting my wife's name on my bank account or retirement accounts. Does this mean anything for our situation? Could she rack up the bills in her name and declare bankruptcy or am I still responsible for everything? I am ready to pay cash for any and all treatment for her but we obviously have in our mind that we are going to survive this and want to ensure we have a future for ourselves. + +There is the possibility of going overseas to seek treatment but what if treatment takes such a long time? We prefer to do this in Missouri if possible but will follow the best path forward. + +Thanks so much for reading and providing any helpful input. My thoughts are all jumbled up here and I'm sorry if I sound incoherent. + +**EDIT - As of 2:49 AM CST on 6/25/2015 - I just got off the phone with someone very kind on the ACA helpline. We figured out together that losing my unemployment insurance in August counts as a *life changing event* and therefore as of August 1 I am able to enroll myself and my wife into a plan. She is eligible for the full subsidy and will have almost 100% coverage for $40 per month. I am so happy that I'm crying. Thank you all for your help. You've all been amazing.** + + +[EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Thirty-Four - UP +658&#37;](https://preview.redd.it/nyxod0h94dz71.png?width=666&format=png&auto=webp&s=011029df4f5f81765987078bf657b63f2f70101b) + +***The full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-33)***.*** + +Welcome! This is the monthly report for my homemade 2019 Top Ten Crypto Index Fund. This group contains **BTC, XRP, ETH, BCH, EOS, XLM, USDT, LTC, BSV**, and **Tron.** + +**tl;dr:** + +* **What's this all about?** I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for over 3.5 years. Did the same in 2019, 2020, and 2021. ***Learn more about the history, rules, and FAQs of the Experiments (including the answer to the "WHY TETHER?!?!" question)*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **OCT Winners and Losers** \- **ETH** wins the month, **XRP** worst performer. +* **Overall since Jan. 2019** \- **ETH** holds a commanding lead, up over 3,000% since the beginning of the 2019 Experiment. 2019 Top Ten Portfolio up +658, an ATH. +* **2018+2019+2020+2021 Combined Top Ten Portfolios are returning +514%.** + +## Month Thirty-Four – UP 658%   + +https://preview.redd.it/rqt0cquh4dz71.png?width=940&format=png&auto=webp&s=57d414c8b371bf0921c20ba6b16439f31a106df2 + +The 2019 Top Ten Crypto Index Fund consists of: **BTC, XRP, ETH, BCH, EOS, Stellar, USDT, Litecoin, BSV,** and **Tron**.   + +October highlights for the 2019 Top Ten Crypto Portfolio:  + +* The portfolio followed an [all red September](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-33) with an all green October.  +* **ETH** best performer of the month. +* **Ethereum** in the overall lead, up +3,077% since January 2019. + +## October Ranking and Dropout Report + +Here’s the difference in rank since January 2018: + +https://preview.redd.it/yfnrdwti4dz71.png?width=411&format=png&auto=webp&s=a887485c44697e242165efc16820a703bf99458b + +**Top Ten dropouts since January 2019:** After thirty-four months, 60% of the cryptos that [started in the Top Ten in January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/)  have been knocked out.  **EOS**, **Litecoin, BSV, Stellar, Bitcoin Cash,** and **Tron** have been replaced by **Binance Coin, Cardano**, **DOT, SOL**, **Doge**, and **SHIB.**   + +**BSV** has fallen the furthest so far (#56) – it is the only crypto that has dropped out of the Top *Fifty*.  + +## October Winners and Losers + +***October Winners*** – **ETH**, up +32%, followed by **BTC** \+28%.  + +***October Losers*** –  Beside **USDT**, **XRP** (+7%) was the worst performing crypto of the 2019 group. + +## Tally of Monthly Winners and Losers + +Which crypto holds the most wins or losses over the life of the project?  Here’s a snapshot of the winners and losers over the first thirty-four months of the 2019 Top Ten Experiment: + +https://preview.redd.it/6bxabntj4dz71.png?width=412&format=png&auto=webp&s=b3340eb30b130dd6cbb28a2b1b377748d45c7993 + +By a large margin, **Tether** has the greatest number of monthly victories (10) followed by **BTC** and **ETH** with five.  + +Every crypto has won at least one month since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) and **BSV** and **USDT** have the most losses, 11 out of 34 months. + +## Overall Update –  ETH alone in first place, all cryptos in positive territory, BSV and EOS worst performing + +**ETH** (+3,077%) is easily the best performer of this group, doubling up the ROI of second place **BTC** (+1,531%) over the same period of time. + +**The $100 investment into first place ETH on** [**January 1st, 2019**](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) **is currently worth $3,260.** + +After thirty-four months, 100% of the cryptos in the 2019 Top Ten Portfolio are in positive territory. Not counting stablecoin **Tether**, the worst performing crypto is **BSV** and **EOS**, still up +75% and  +79% respectively.    + +## Total Market Cap for the Entire Cryptocurrency Sector: + +https://preview.redd.it/axqbn86l4dz71.png?width=582&format=png&auto=webp&s=5b8c27be07e9eeab20368f24c6901b170aa6c383 + +The total crypto market gained over a half a trillion USD in October and is now at an all time monthly closing high of $2.6T + +The entire cryptocurrency sector is up +1990% since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/).  This is still well behind first place **ETH** (3,077%) but much better than the rest of the Top Ten cryptos, including second place **Bitcoin** (+1531%).  And the total market is performing much better than the Top Ten approach (+1990%). + +Translation: unless you went all in on **ETH** thirty-four months ago, you were better off diversifying.  + +And the Top Ten approach has beaten every individual crypto except **BTC** and **ETH**. + +Crypto Market Cap Low Point in the 2019 Top Ten Crypto Index Experiment: **$114B in** [**January 2019**](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/). + +Crypto Market Cap High Point in the 2019 Top Ten Crypto Index Experiment: **$2.6T** [**this month**](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-34). + +## Bitcoin Dominance: + +https://preview.redd.it/xuo3ipfm4dz71.png?width=472&format=png&auto=webp&s=ad2542468cfde8ab1cdbe08ef2c88f819521953b + +**BitDom** inched up in October, ending the month at 43.7% (compared to 43.2% in September).  This is the low end of the range when looking at the timeframe as a whole.  For context, here are the high and low points of **BTC** domination over the life of the 2019 Experiment: + +Low Point in the 2019 Top Ten Crypto Index Experiment: [**41.9% in May 2021**](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-29). + +High Point in the 2019 Top Ten Crypto Index Experiment: [**70.5% in August 2019**](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-eight/). + +## Overall return on $1,000 investment since January 1st, 2019: + +https://preview.redd.it/pgnh9dan4dz71.png?width=339&format=png&auto=webp&s=c7507e55e5ef8a0b307025a8dcad1a6e76c5bb35 + +The 2019 Top Ten Crypto Portfolio gained $1,482 in October. Nuts when you consider the initial investment was only $1,000!  After thirty-four months the value of the initial $1000 investment is **$7,580**, up +658%. **This is an ALL TIME HIGH** for the 2019 Top Ten Crypto Portfolio. + +Below is a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiments, providing a pretty good sense of the journey up to this point: + +https://preview.redd.it/wdgbwiso4dz71.png?width=556&format=png&auto=webp&s=e4b3543f496fdb2c9288c104f2a2b11d355f3bc5 + +Fairly steady upward movements punctuated by massive dips.  During the [Zombie Apocalypse](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-15/) in March 2020, for example, the 2019 Top Ten Portfolio was returning only +6%.  + +Although the 2019 Top Ten Portfolio is up an impressive +658%, it is still a distant second place behind the [2020 Top Ten Portfolio ](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-21)which is up +937%. + +## Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios + +Speaking of other Top Ten Portfolios, let’s put them all together now: + +* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46): up +72% (total value $1,719) +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-34): up +658% (total value $7,580) +* 2020 Top Ten Experiment: up +937% (total value $10,370) +* 2021 Top Ten Experiment: up +399% (total value $4,987) + +So overall? Taking the four portfolios together, here’s the bottom bottom bottom *bottom* line:  + +**After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies,** the combined portfolios are worth **$24,656** ($1,719 + $7,580 + $10,370 + $4,987). + +**That’s up +514%** on the combined portfolios, an all time high for the Top Ten Index Fund Experiment. Below is a table to help visualize the progress of the Experiment as a whole: + +https://preview.redd.it/zshez2el5dz71.jpg?width=505&format=pjpg&auto=webp&s=31dfdb05d2d6256ddff463ec5ccaa913935f64b0 + +In summary: ***That’s a +514% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for four straight years***. + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets.  + +https://preview.redd.it/l48hb3rn5dz71.png?width=542&format=png&auto=webp&s=34bb9821485a6c57028e21c16fb874e1501d89a6 + +Because the S&P 500 Index is up 84% since January 2019, the initial $1k investment I put into crypto thirty-four months ago would be worth $1,840 had it been redirected to the S&P 500 in January 2019.  + +But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st-Crypto-Index-Fund-Experiment approach with the S&P 500? It would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1,730 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1,840 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1,430 today +* $1000 investment in S&P 500 on January 1st, 2021 = $1,230 today + +Taken together, here’s the bottom bottom bottom *bottom* line for a similar approach with the S&P:  + +**After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $6,230** ($1,730 + $1,840 + $1,430 + $1,230) + +That is up **+56%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+514%** gain of the combined Top Ten Crypto Experiment Portfolios, a difference of over nearly 458 percentage points ***in favor of crypto.*** + +Here’s a table providing an overview of the four year ROI comparison between a Top Ten Crypto approach and the S&P:  + +https://preview.redd.it/onca33up5dz71.jpg?width=595&format=pjpg&auto=webp&s=636eb71ff7a0a6ccc703830352eb52ccf31f2d44 + +## Conclusion: + +To both old-timers and newcomers: thanks so much for taking the time to read and for supporting the Top Ten Crypto Index Fund Experiments. I hope you find the updates helpful in terms of perspective as you navigate the crypto landscape.  Be careful out there and don’t put your mental, physical, or financial health at risk chasing gainz. If crypto is causing you to lose sleep at night, chances are you have too much in crypto: try to think long term and don’t invest what you can’t afford to lose. + +Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-46) (the OG experiment), [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-21), and most recently, [January 1st, 2021](https://toptencryptoindexfund.com/tracking-2021-top-10-cryptocurrencies-month-9). +> US stocks gained on Friday to close out a week that saw multiple major indexes hit records. The benchmark S&P 500 closed at an all-time high. + +What a time to be alive. + +Closes today at 3,397.16. + +Intraday high also today at 3,399.96 + +Nasdaq also closed at All-Time High today. +Connecticut's congressman Jim Himes made a couple of comments during the May 6^(th) hearing that I think we shouldn't just gloss over. We should definitely pay attention to the not only incorrect, but inappropriate stance that he took. + +* He claims that retail investors should have restrictions, leaving Wall Street as it is. + * This implies that "dumb money," really is just that, and it helps push market inequalities that we are **currently** fighting against. + * This is **not** how one establishes a fair market in this day and age, and this is exactly what causes corruption through uneven distribution of power. +* He had the audacity to claim that Alex Kearns was trading irresponsibly, and that was what prompted his untimely death. + * Alex Kearns fell victim to poorly handled data by Robinhood, and attempted many times to call customer service. + * As we've all heard, Robinhood's "customer service" line will simply say "go to the website lol" and hang up on you. + * Jim Himes made assumptions about a real person's death without knowing the full story, **in front of congress.** + +These comments are coming from a real person who has the power to present them in a hearing, showing that not only has he not paid any attention to the real issues at hand, but he's willing to do the bare minimum and dilute the discussion with his uninformed and **absolutely inappropriate** input. Jim Himes does not understand the situation, and has had ample time to read the truth, but he would rather take the easy way out and make uninformed suggestions in an extremely important hearing. + +I'm not a professional writer, and I don't have much information on this guy besides what I've seen in the hearing, but this is inexcusable, and I'm glad others are talking about it on Twitter **(his handle is** [**@jahimes**](https://www.twitter.com/jahimes)**)**. + +**Residents of Connecticut can call his office with this number: (203) 333-6600** + +He's inactive on Reddit, but his account is u/RepJimHimes + +If you live in Connecticut, this man should not be able to speak in congressional hearings on important matters that he doesn't do sufficient research on, especially while misrepresenting the tragic death of a young person as an example. This absolutely infuriated me, and I'm sure I'm not alone in this. + +Retail, Main Street, is just as capable as Wall Street, and we deserve the same access to market resources and trading tools. + +Edit: Added Twitter link + +Edit 2: More information about who's contributed to Mr. Himes - [Rep. Jim Himes - Campaign Finance Summary](https://www.opensecrets.org/members-of-congress/summary?cid=N00029070) + +Edit 3: Jim Himes in the hearing - [https://youtu.be/vX2X8xxHEns?t=6560](https://youtu.be/vX2X8xxHEns?t=6560) + +Edit 4: + +* Starts talking about restrictions on retail - [https://youtu.be/vX2X8xxHEns?t=6702](https://youtu.be/vX2X8xxHEns?t=6702) +* Lies about the death of Alex Kearns - [https://youtu.be/vX2X8xxHEns?t=6733](https://youtu.be/vX2X8xxHEns?t=6733) + +Edit 5: Added phone number for CT residents + +Edit 6: It appears that Mr. Himes worked for Goldman for a decade: [Wall Street's Favorite Democrat - Bloomberg](https://webcache.googleusercontent.com/search?q=cache:12DEEtQUIaYJ:https://www.bloomberg.com/news/articles/2012-04-26/wall-streets-favorite-democrat+&cd=1&hl=en&ct=clnk&gl=us) + +Edit 7: Here's the Wikipedia article that also describes his time spent at Goldman - [Jim Himes - Wikipedia](https://en.m.wikipedia.org/wiki/Jim_Himes) + +Edit 8: Adjusted link in Edit 6, no more paywall! + +Edit 9: First paragraph of Alex Kearns' suicide note. Unbelievable. - [https://twitter.com/BillBrewsterSCG/status/1273292130769932288?s=20](https://twitter.com/BillBrewsterSCG/status/1273292130769932288?s=20) + +Edit 10: More about Alex Kearns - [https://www.reddit.com/r/Superstonk/comments/n6q7sw/alex\_kearns\_successful\_trader\_earning\_200\_return/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n6q7sw/alex_kearns_successful_trader_earning_200_return/?utm_source=share&utm_medium=web2x&context=3) + +Edit 11: Added Jim Himes' (inactive) Reddit account +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Let's say HYPOTHETICALLY that I created a repair company with me as the sole employee. Then my real estate LLC contracted out repair work to the aforementioned repair company. Let's say this repair work was done in the context of fixing the house after damages done by a tenant and using their security deposit to pay for repairs. Would that be legal? +I am running into this specific issue with a lot of people - service providers contractors attorneys + +People that I am trying to hire by default assume I know less than I do and that I am more gullible/naive than I am. It runs the gamut from trying to sell me stuff that I don’t need, over quoting . Misdiagnosing problems and trying to create fear. + +At first I was unwilling to admit it- some were reputable companies that came with referrals. +So, +I ran a little experiment and got a series of quotes for a certain Project and my friends who isn’t anything like me- just your average joe white dude got it too. +The results were startling. I got quoted 75 to 100% more and also told about how bad it would be if I didn’t do xyz. The friend got none of this. + +Obviously I cannot have my buddy stand in for everything. I will have to start paying him! + +I have no idea how to fix this... since I am a 5 foot nothing south Asian female, with a baby face.., +/ any and all info it’s appreciated! + + +[https://podcasts.apple.com/us/podcast/reporter-called-jon-out-so-we-called-him-up/id1583132133?i=1000553529301](https://podcasts.apple.com/us/podcast/reporter-called-jon-out-so-we-called-him-up/id1583132133?i=1000553529301) + +If you can stomach it, Jon goes to bat for us while this fool tries to double talk his way through the talking points that Citadel gave him. +I was chatting with a co-worker yesterday at lunch. She is pretty young. Maybe 26ish? In our line of conversation it came out her parents are both retired. Of course I asked how long they've been retired, and she sort of sheepishly said they both retired while she was in middle school, so they must have been in their early 40s. I admitted I am obsessed with retirement and we had an interesting conversation. + +She had two stay at home parents from middle school on. + +Her dad had a business (automotive-related) that he sold. That is where the majority of their retirement money came from. + +Originally her dad said his retirement was going to be temporary. He said he was going to take some time off, then he'd probably join some corporate boards, etc. But he never ended up going back. +/- 15 years later they are enjoying their retirement together. + +She said she jokingly calls them drifters. They travel a lot, always visiting new places. Sometimes she doesn't know where they are. She is planning on visiting them in FL next week, where they are spending 2 months this winter. + +They also keep themselves busy with volunteering and a community garden project. + +The other part that I find fascinating is that this co-worker is exceedingly normal. She obviously comes from a privileged background, but she is exceedingly nice. She is very kind, very responsible, a competent employee. She loves to cook gourmet meals. She and her husband are big foodies and are into craft beers. They often travel to nearby towns just to try a certain restaurant or beer. I dropped something off at their house one day and they have a nice average-ish house. It's worth probably about $150,000. + +I make the point because so often I see the point made that being wealthy ruins your kids. It was really interesting seeing it from her perspective, and already knowing she was really nice and normal. +Not going to be a long post fellas, but I've had my fair share of buying Doge at 0.69 on Spot, various leverage trades on random coins, followed TG channels for "signals", needless to say, I never knew when to sell or when to buy. + +There is an indicator called "Bitcoin fear and greed chart" + +[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) + +&#x200B; + +The formula is simple, if you see it over 70-80 and "Extreme Greed" is present, this is when you should consider transferring cryptos into USDTs. + +Now let's say you've been sitting on USDT coins, and you feel like you want to buy a dip that just happened. Before you do that, you head over to the same damn chart, and check what it says. + +&#x200B; + +Anytime below 25-20 is an excellent time to buy. + +&#x200B; + +And that's it folks, the formula is extremely easy. Now we are seeing Extreme fear on the chart at 25. Is it a good time to buy? +Key Points +- GE is planning to cut about 13,000 of jobs in its aviation unit this year amid a dismal market for new jets. +- Boeing has warned that a recovery in travel demand could take years. +- The 25% cuts will be permanent and include involuntary measures and voluntary ones like early retirements. + +[Full article on CNBC](https://www.cnbc.com/2020/05/04/ge-aviation-plans-to-cut-its-global-workforce-by-25percent-this-year-as-coronavirus-hurts-travel.html), [GE stock price](https://www.cnbc.com/quotes/?symbol=GE) +When it comes to boring strategies, Out-Of-The-Money Bullish/Credit Put Spreads are pretty much at the top of the list. They are rarely used, but if done correctly almost always profitable. Obviously credit spreads are used often but doing them far OTM is not common, and there is a particular strategy to follow when doing it. + +For those that don’t know what a credit spread is: + +**Concept:** You are selling a put and buying a put on a stock on the same expiration, different strikes. + +*Example:* A stock is at $100, and you sold the 90 puts and bought the 85 puts, thus you would receive a credit. The reason is - you get more money from selling the 90 puts, than it cost buying the 85 puts. In this case, if your received $3 selling the 90 put, and spent $2 buying the 85 puts, you would get a $1 credit. Your best case scenario is that the stock stays above the short put (in this example, 90) at expiration and both puts expire worthless. When that happens you keep the credit of $1 (aka - $100). Worst case is the stock finishes below the long put at $85 (e.g. finishes at $84) in which case you are out the distance between the strikes (90-85=5) minus your credit (so $5-$1=$4). Obviously since your risk ($4 = $400 per contract) is much higher than your potential reward ($1 = $100 per contract), these spreads (far OTM) need to be successful a high percentage of the time. + +If done properly, they are. + +Here is a step-by-step guide on doing a profitable OTM BPS, with an example you can use on Monday (6/7/2021). + +**Step 1:** The first thing you want to do is find the right stock. You want: + +*A) Stock is over $20 a share - under this price and the volatility is usually too high.* + +*B) Stock has already had earnings or the next earnings announcement is further out than your spread will cover. You do not want to hold an OTM BPS over earnings. Ever.* + +*C) Stock is in a bullish pattern and above most of it's major SMA's (50,100, 200).* + +*D) Stock is relatively strong to the market. Meaning that over the past week or two you can see that even when the market dipped, the stock held its value or continued to go higher. This not only indicates a strong stock, but also adds protection in case of a sustained market drop.* + +***Doing a quick search and I found a candidate - AVGO.*** + +*It is currently above it's 50 and 100 SMA, already had earnings, and since it gapped up on 5/20 it not only held the gap and moved higher, but managed to stay strong even during days the market was down.* + +**Step 2:** Since the risk on these spreads are high, you want to lower that risk as much as possible. There are two ways to do this: + +*A) The farther out of the money you go, the less likely it is that the stock will drop below your strike prices - however, if you go out too far you won't receive enough credit.* + +I tend to go at least two standard deviations (putting me on the 2.5% tail of the stocks price movements). I also like to have several barriers of support above my short strike. Being that far out and with that many layers of support means the stock would have to have a major technical breakdown in order for my spread to be in danger. + +*B) The higher the credit received, the lower your win rate needs to be for this strategy to be profitable.* + +As a general rule, I like to receive 20 cents credit to every dollar between the strike prices. So for a $5 spread difference, I look for $1 credit. A 50 cent difference in the spread, I look for a 10 cent credit. This gives me a 25% ROI on my investment. If the spread is $90/$85, I am getting $1 credit and risking $4. Each contract would require $400 in margin to cover that risk. (*personally, I always look to get $1,000 per BPS, so if I am getting a $1 credit, I will do 10 contracts. Risking $4,000 for the $1,000).* However, I will also explain why you are not really risking the 75% either. Still, with this desired credit as a rule, I need to be successful more than 75% of the time in order for this strategy to pay off. + +**For AVGO the $445/$440 strikes meet this criteria. Above $445 strike is the 50 and 100 SMA's, horizontal support as well as a $3 gap that would need to be filled before my short strike was in any danger. If by chance that occurs, the spread can still be profitable (more on that in a bit).** + +**Step 3:** I want an expiration as close as possible that gives me the desired credit. In this case the June 25th expiration, gives me a $1.50 credit for selling the $445 puts (I would get $3.50 credit) and buying the $440 puts (currently cost $2.00). Chances are on Monday that credit will be lower, but I am putting the order in for a $1.25 credit. That would be a 33.3% ROI over 2 1/2 weeks time. Given how far out my strikes are, and how many layers of support are above it, my likelihood of success is going to be far greater than 66.6%. + +So now I have my trade: **AVGO - Selling the $445 Puts/Buying the $440 Puts for the 6/25 Expiration and getting a $1.25 credit.** + +**Step 4:** If expiration approaches and **AVGO** is well above the short strike ($445), I will let the spread just expire worthless and thus keeping the $1.25 credit (10 contracts = $1,250). However, there is a chance **AVGO** could threaten that short strike (e.g. on 5/22 the stock is in a bearish downtrend and at $455) I might consider closing it for a small debit. However, let's say bad news came out, or the market started crashing. If that happens, you can leg out of Bullish Put Spreads. + +This is how: + +*A) The stock must be in a technical breakdown, meaning it broke through major support levels.* + +*B) It needs to be proportionally weak to the market. The market may be dropping but AVGO is dropping proportionally more than the market on the 5-minutes charts (e.g. let's say at noon SPY goes into a compression for a bit, but AVGO continues to drop).* + +*C) The market itself should be weak that day, you do not want to leg out of a BPS in a strong market.* + +***Note: If you try to leg out of a spread without these conditions in place, you can wind up losing a lot more than your original max risk.*** + +Because the spread is far enough out in time (6/25) you will have time (at least a few days) to act if you see it is in trouble. + +What you do is this: + +Buy back the short puts. Let's say AVGO is dropping and now at $450 on 6/21. And your short puts ($445) are worth $4.75, and your long puts (440) are worth $3.00. At this moment you are down 50 cents per contract ($1.75 difference in the puts, minus the $1 credit you received = .50 cents down). You can either take the loss of $50 per contract (in my case that would be a loss of $500) or you can leg out. So I would buy back the short puts at $4.75 and let the long puts ride. I would enter a sell order on the long puts for the same price I bought back the short puts (so I put in an order to sell my $440 AVGO puts for $4.75). As the stock continues to drop, your puts will go up in value, and if you timed it correctly with a weak market and a weak stock you will hopefully reach that goal by the end of the day. + +If you sell your long puts for the same price as you bought back the short puts, you finish up your original credit of $1.25. Seeing as how the only way this stock gets in that type of trouble is a major technical breakdown, it is the ideal stock to leg out of in that environment. + +**I like to have several of these spreads going every week. At the end of each week 2 or 3 expire and I add 2 or 3 more. In 2020 my success rate was as follows:** + +***210 total spreads - the spreads averaged a total of $1,090 credit, risking $3,910:*** + +*73.3%: 154 expired worthless - full credit* + +*12.8%: 27 spreads I took partial credit, averaging 81% of full credit (e.g. on $1 credit I would close the spread on average for a .19 cent debit)* + +*4.7%: 10 spreads I legged out of, receiving full credit.* + +*1.9%: 4 spreads I legged out of, receiving partial credit, averaging 72% of full credit.* + +7.1%: 15 spreads I lost the full amount (stock crashed on the final two days, not enough time to leg out, or market was too strong to try) + +**Total profit off 210 Out-Of-The-Money BPS' for 2020 = $147.087.5** + +As a Day Trader, I use this method for passive income with Day Trading being my primary source of income. My 2021 results are currently on target for the same result as the previous year. + +*Pete Stolcers gets all the credit for perfecting and teaching this method - thank you.* + +Either way, I hope you all found this useful! + +EDIT : I am well aware that credit spreads are common. Far OTM BPS’ (aka Put Credit Spreads) are not common however. I hope that clears things up for those that take great pleasure commenting otherwise. +Hey guys. Someone messaged me and encouraged me to make another post!. Interestingly, I'm doing this while I'm on break from helping teach EMDR to a group of 45 clinicians, so I'm in, like, super therapy mode today! + +**TL;DR** \-- Big things happened. Lots of us are strong 🦍, lots of us are clever 🐒, lots of us zen 🦧. Sometimes, apes caught off-guard 🙊. 🦍🐒🦧 who 🤐 about ❤️ more likely to 📄✋, but 🦍🐒🦧 who 📣 ❤️ have 💎✋. + +The buildup to this week was pretty intense! I feel like a bunch of us were expecting big things, and a bunch of us were expecting to be disappointed. I want to invite awareness here of how this played out as a community, too, through the lens of those three attachment components of Security (Fear), Connection (Sadness), and Empowerment (Anger). After the shareholders meeting, we saw all these on display in post after post. There were plenty of reminders ahead of time that the votes would likely be trimmed, and plenty of people more knowledgeable than me advised us to set our expectations low in terms of news or price action. Even still, though, we saw responses that fit into these three categories (**warning: shills are great at coopting real reactions and amplifying them, so this might feel like a big FUD-fest, but they're less able to do that if we can have honest conversations and understanding of these things**): + +**Fear/lack of security** \-- "Why are they offering more shares? Are they betraying us? What happens now? Is RC going to leave us behind now that he's got his chairmanship and his billions?" People were also immediately concerned that the livestream looked sloppy and disorganized, and that it was directly reflective of the efforts and organization here. "Are mods going rogue? Have they lost control? Will this damage others' perspectives the community, thereby hurting our credibility? Will that make people lose faith and dip out, leaving us weaker?" + +**Sadness/lack of connection** \-- "These mods are in it for themselves, giving interviews and stuff. I guess they don't really care about us so much as they care about their 15 minutes of fame. Atobitt looked sad and overwhelmed, so that means that maybe we're not as connected as we thought." Then in the comments, there was stuff like has this all been a waste of time? Am I stupid to think this community is something bigger than just a subreddit? Did I fall for a cultish thing? What's wrong with me? Why did I put my faith in something that might never happen? I'm an idiot." + +**Anger (or resignation!)/lack of empowerment** \-- "It's not fair that these people have so much power and can just manipulate the price. Why even bother?" "Look at these mods, being selfish! And that cringe-fest 'Look at the price!'. And of course media is there, so they're going to make us look like idiots." In the comments, lots of hopelessness, too. "I don't know how much longer I can hold on for this, because I have money tied up in this that I might really need toon, and I don't want to miss out." "So I guess there's not going to be a MOASS after all, since they keep finding ways around catalysts." "Whatever. Nothing's going to change. We can't win this." + +While you're welcome to be judgmental of yourself or others for experiencing these, they're all perfectly natural, very human reactions. We like to think of ourselves cohesively as diamond-handed stoics, but I'm telling you right now that it's a mistake to try to erase the parts of ourselves that gave rise to the very passion and purpose behind the commitment, here. + +For that reason, I'm going to invite whoever wants the opportunity to be as honest as you want about your experience of this last week, because it's in understanding each other and the diversity of context (and stakes) in our community that we make it stronger. **Positivity is welcome, too!** I'll go first. + +EDIT: Something I consistently get is that this is FUD. It's hard to disagree with that. However, my intent is to **contain** the FUD in one place in an authentic way, rather than spread it. So, to me, this is kind of serving to stop it in its tracks. +Not gonna lie, my finances often put a downer on my life because I don't feel like I'm going to get anywhere. Hoping someone here may be able to shed some light on my situation. + +Currently working a £21.5k job, and expenses are as follows:- + +£271 on rent at home +£123 vehicle insurance +£23 vehicle tax +£160 budgeted for fuel +£15 for phone SIM +£50 tobacco (I know I should kick this one, baby steps) +£8 Amazon prime +£17 Spotify family plan +£14.50 password manager +£13 Microsoft +£60 savings +£240 credit card (holiday and general small debt, total is decreasing each month by about £20/30 average) + +Credit Card total is at £750. (Stupid "make me feel happy" purchases over a year ago) + +I keep seeing that average debt for my age group (26) in the UK is around £9k but my situation FEELS dire. I don't feel like I can even consider moving out yet. + +Opinions and advice is much appreciated if this is the page for it. Thanks 👍 +I am thinking about getting a monzo account. + +Is it easy to switch? I have savings accounts with other banks is it easy to transfer money out of the monzo account to those? Thinking of using it for the savings benefit +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. +I'm fucking done with fiat. + +What even is our monetary system, policy and national goals with this shit? I bought enough GME shares to be interested in what was going on and it's a filthy sham. The hedge funds and capital management entities are pissing on the government, the people, the laws and the rest of the known world. They're blatantly and transparently breaking laws & regulations, lying and spreading misinformation to our news outlets, buying ads to redirect attention away from their scams, strong arming our brokerages into not selling shares, limiting shares, or straight up stealing peoples shares by forcing them to sell using limit stops that weren't set and couldn't be changed. + +How has absolutely nothing been done about their complete lack of accountability? SEC? DOJ? Congress? Melvin Capital has something to the tune of THIRTY employees, shorting a company's stock over 140% of the floated shares, evidence of counterfeiting shares to short, then failing to deliver, then resetting the cover to kick the can down the road. The evidence of shares being created and sold out of thin air is astounding. The ramifications of these actions could bring down themselves, their capital management firm and subsequently the banks and cause a global recession in the worst case scenario. These things were supposed to have been made illegal in 2008 and put to a stop. This is UNPRECIDENTED. A small group of 30 people should NOT have this much influence, should not be able to ladder attack a stocks price from $400 to less than $100 by trading the same few stocks back and forth between each other using lightning fast algorithms. + +This absolutely cannot be allowed. If they get away with this they'll just have a playbook by which to do this again and again. Toys R us, GameStop, AMC, Nokia, BlackBerry, just to name a few. Easy targets for these two dozen people to bleed dry, force bankruptcy, unemploy tens of thousands of people and effectively create less competition. + +However this ends up, I'm fucking OUT. I've lost all faith in the US governments ability to enforce anything. The pandemic showed us they couldn't step up to protect their own tax paying citizens, they drag their feet on regulations to improve healthcare, equality and the environment. They look the other way when the 1% control the media, the wealth, and are completely immune to laws. + +It's over. We've seen what our government is capable of (and not) these last few years. When difficult situations arise, what or WHO comes out to meet it? + +I'm already invested in Bitcoin, but after this I'm ALL in. Every penny that I don't need for the immediate future, bills, food etc. is going into Bitcoin. The hedge funds can trade their stocks back and forth until the value of everything is zero. Fuck'em. +I have seen countless of people saying they have doubled, tripled, quadrupled(or more) their positions since they voted. + +This includes myself. + +Besides that we only had around 400.000- 450.000 members when we were voting. + +We are now above 700.000 members. + +My point here being, that even **IF** we didn't own the float 6 months ago, I most certainly belive that we do now. +Every year, as a UK ltd company director, I only withdraw up to £50k to avoid paying tax at 40%. After doing this for several years and making quite a bit more in profit I'm now at the point where I have around £500k in cash in my business. + +&#x200B; + +Sounds great, but actually it's not because the money is just sitting there and I can't get my hands on it without paying a load of tax. + +&#x200B; + +So I have essentially two options. + +&#x200B; + +1. Leave the cash in there and continue to withdraw around £50k to pay the least tax (I believe my effective tax rate is around 25% using this method). It will take 10 years to get my hands on the money (by which time of course inflation will have had the effect of reducing the value of the cash by 10% or more). + +&#x200B; + +2) Withdraw the cash as a lump and pay 32.5% tax on everything above 50k taken as a dividend. So on 500k I would pay £162500 in tax and be left with £3875000 in cash which I could then invest in stocks or whatever (maybe invest half this year in an index fund, then half the next year). + +&#x200B; + +3) Out there option. As my business is location independent I could move abroad for 5 years (go non-resident) and withdraw all the cash as a dividend on which no tax would be due. This is interesting because in a sense, as I would be saving about £30k a year in tax, it would be a be like getting paid £30k a year not to live in the UK. Which is quite a big incentive. And I could still spend a few months here each year without being considered resident (as I don't own a home or have a spouse/children here). Note that if I returned within 5 years the tax would be due in the year of my return. So quite a big commitment. + +&#x200B; + +So for those of you withdrawing more than £50k a year or who are sitting on large amounts of cash in your businesses, what is your plan? Do you just take the tax hit and invest the money for the long term? By my calculations it would take around 8 years at 5% interest to make up the 30% you lose in tax on withdrawal (i.e. have 100k, after tax have 70k, takes 8 years earning 5% a year to get back up 100k). Or do you just patiently withdraw every year like I'm doing? Anyone going (or gone) non-resident or come up with any other ways to get your hands on the money without giving a third of it away? +I have 2 kids age 7 and 11. I started contributing to 529 plan few years ago. Few details + +- 529 accounts currently have about $100k each. +- We would like to pay for 100% of their education. +- We don’t want a lot of left over in the plan beyond their education needs. + +How do I figure out when to stop contributing to the plan? + Hey all! + +As the title above says my gf was hit by fraud and the bank won't give her the money back. + +Basically the story goes as this: + - Gf is studying +- Gets called by bank asking about a transaction for £550 to Argos +- she says it wasn't her +- her phone dies +- she charges phone, checks bank and sees that £650 has been transferred to someone +-she calls bank, they freeze the account and cards +- investigation starts +- nothing really happens for 10 days +- gets a call asking for extra info +- the account uses a code sent to her phone to get access to her account which she never received so they quiz her on this +- they'll get back to her in 24 hours +- 36 hours go by and no phone call, so she calls and they tell her "no we're not giving you the money, you can make a complaint but you can't dispute our decision" + +She has no money, bills to come out and outgoings to pay for. + +What routes does she have to take from here? + +Thank you all in advance 😊 +Looks like the website is live and there’s a waitlist: +https://www.chase.co.uk/gb/en/ + +Edit: looks like the 5% is on roundups, so you probably can’t transfer lump sums. +I’ve just come out of an appointment with my broker who said that 4 major high street banks have all lowered their borrowing costs in the last 2 days. As we were speaking, she got an email from Santander sharing they’re dropping theirs (she showed me the email). + +Why is this happening at a time when the ~~government~~ (edit - sorry, BoE) is raising borrowing costs? What am I missing? + +Thanks for any insight. +\[\*note\* I can't change the title, but the whole 0dte thing was a mistake. this was not a 0dte option\] + +Question. I bought a 0dte call on $spy on Friday. It was a silly thing. Way out of the money. Got it for 5$. So I got it on 2/11, the expiration was for 2/16, so I gave myself a little time. + +But after I bought it, I looked at the theta, and it was -.06, which, if I understand theta correctly, would mean that the option would lose 6$ per day. Looking at the option today, it's actually -.07. I don't think that matters though. + +More importantly, I must be misunderstanding theta, because I thought that theta was time decay, and that it signified how much money your option loses per day. But it doesn't make any sense in this context because that would mean that the option would be less than worthless by the end of today (2/14), and the option doesn't expire under Wednesday (2/16), when the option should be worthless. + +Does theta apply differently to 0dte options? + +For context, I got this option at like 3.59pm on Friday, I don't know if that matters or not...I doubt it... + +If theta doesn't subtract -6 dollars per day from this option, which I don't think it can because it wouldn't make any sense, then how is theta working? +Look guys I won't say we will do 10x or 1000x it just bullshit that every coin says these days. This project is not a pump dump so please don't treat this project as a pump dump. We have a great community most of us are ***ANIMAL LOVERS*** because this community serving purposes for a great cause helping ANIMAL shelters by donations. Join us and be a part of the ANIMAL WELFARE Community. **LET'S USE OUR GREED TO HELP ANIMALS** + +We want this coin to grow more and more because this coin serves a purpose every 1% of the burn goes to the animal welfare community. If you love animals please help this community by holding not dumping. + +Remember every time you buy this coin it donates for good cause. DEVs post proof of donations if that's something you guys are looking for as well. Still very early and most people don't know about it. + +Plus, is on the BSC chain, which means low fees and fast transactions. + +They have a wallet to burn BINGUS and a wallet to send money to charity. + +Check on: [https://bingus.finance/](https://bingus.finance/) + +You can buy it through Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +And you can see the charts here: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Telegram group: BINGUS TOKEN 2.0 OFFICIAL + +[https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +MJ ( One of the founding members ) showed his face and doxxed. + +[https://www.instagram.com/mjcerisano/](https://www.instagram.com/mjcerisano/) + +We are still very early, like, this coin exists for 6 days, and we do have a strong community. + +&#x200B; + +>**AMA UPDATE:** + +DEVs also do AMA every weekend. We had one very successful session yesterday with a lot of questions answered. Here is the summary of the questions that was brought up during yesterday's AMA. + +Things covered in AMA: + +1. NEW SURPRISE DONATION TO [jerseyanimalrescue.com/](https://jerseyanimalrescue.com/). + +Their focus is on saving cats and finding them homes across southern New Jersey. They are a very small operation and we’re in pretty desperate need of a helping hand. We were happy to be able to give them 2.5K USD in BTC. + +**2. Chat questions answered and short version of the answers:** + +***- Is this a rug?*** + +If it is we are doing a really bad job. Liquidity is locked and the only money the team has made has gone right to 4 different animal charities. + +***- How do we verify the integrity of the charity wallet?*** + +Watch the sells. So far we have actually donated more than we have taken out as some of our initial donations have come from the founder's own wallets. This was done to project the price of the coin in the early days when it is most vulnerable. + +***- Why are there so many large bingus wallets?*** + +These are bingus 1.0 holders who were the only ones told about the fair launch. Most are community moderators or involved in a non-official capacity with the project (by non-official I mean just on the website, they are all over the chat). As far as I know, if sell, they plan on selling slow and soft, however, I obviously cannot guarantee that. I take their lack of selling when we had the big pump as a sign of faith in the project, however. They had their chance to sell at a big profit, however, they trust what's coming down the pipeline. Further, this is a huge issue for every low cap coin.... most just have their whales dump at launch, rather than hold. + +***- What is the use case for this?*** + +As of right now, it’s simply to donate to animal charities. As we grow we can explore more use-cases and partnerships with animal welfare organizations. I look at it this way. Traditionally when companies start they make a product then go public and offer stocks. In a way it’s like we are doing is the reverse. We have coins and now we are finding the usecase later, other than saving animals of course. With the people that we have lined up to partner with, that should not be an issue. That said I am very proud of the money we have donated so far, we are acually saving lives. + +***- What is the longterm future for this project?*** + +Personally, I know its insane but I want to crack the top 100 coins on CMC. I want to be, and I think we can be, the animal-focused cryptocurrency. It’s ambitious but I think we are very well positioned to do just this. + +$BINGUS is an awesome project with a lot of potential and amazing devs. Join our telegram group and see for yourself. This could be easily the next moonshot. + +`Disclaimer: Please do not put your hard-earned savings into there if you need that money for your food, rent, or some medical-related expense. Please invest wisely.` +**DRS IS MOASS - NOT a Precursor** + +&nbsp; + +Apes have this idea that if the entire float gets registered, the MOASS will ignite because it will prove that any shares in brokerage accounts are rehyped shorts and will then need to be bought back, but I think its simpler than that and MOASS is sooner than apes think. + +&nbsp; + +**There will never be a moment when the entire float is registered before MOASS, because DRS is causing the MOASS now and the rocket takes off as the total direct registered share count approaches the total!** + +&nbsp; + +DRS will force the MOASS sooner because the DTCC literally has to find each share that is requested to be registered directly. Regardless of how many times that share was loaned/borrowed/rehyped and sold short, each share registered at CS is one they've had to track down, which explains the delays that we thought were on the brokers' side. It maybe explains the recent huge upswings on low volume too, as shares are located and shorts are closed in batches, from CS or broker buy orders, even shorts closing portions of positions. + + +Right now it’s easier to locate shares and close short positions because there’s only 5.2 - 13 million shares of the float registered, so while GME is becoming increasingly illiquid, ticker action and daily volume shows there’s plenty left for fuckery… And probably points to the cause behind this recent, massive nosedive in price – shorts see the end of the road and this could be their Alamo style last stand, not to mention a chance to lower price and lessen the blow, or maybe lessen collateral damage of the sooner than later forced closing of these positions. + +&nbsp; + +All the worry about rules and insurance and line of failures/covers/who pays retail is irrelevant – APES ARE CAUSING MOASS RIGHT NOW AND THIS IS THE DIP BEFORE THE RIP AS THE DRS COUNT EXPLODES! + +&nbsp; + +The carnage of MOASS will be seen in real time as the DRS count approaches the total share count of the float that DTCC holds. There won’t be leftover rehyped/synthetic shares leftover when the entire float is registered and RC and GME will never have to tell the SEC “now we’re acting” or the DTC “hey we’re pulling the company” because apes are doing it now, en masse, on the daily, and by the rules, and per the laws of supply and demand. Maybe the market isn’t as fucked up as we think – maybe apes just underestimated how many shares retail held, and overestimated how many day traders were still swinging GME. + +This could happen within weeks because once the DRS count approaches the total float, say the last million shares or so, shorts and brokers will have to buy a severely illiquid asset at that point and supply and demand will truly come into play because the DTC will be required to find them, and this will light the rocket engines before all shares are registered. + +&nbsp; + + + +**TL;DR: MOASS is happening as apes DRS and shares are removed from DTC over to CS. There won’t be a “float’s locked!” announcement, because MOASS will happen as the count of registered shares approaches the total float.** + +&nbsp; + +**DRS IS THE MOASS** + + +&nbsp; + +Of course, I could just be drunk and sleepy from stuffing myself on green crayon pizza, because its Friday and that means pizza! + + +&nbsp; + + +EDIT: Formatting + + +EDIT 2: I underestimate retardation sometimes. I'm saying the float will never get "locked" at ComputerShare and trigger MOASS because the MOASS will happen BEFORE the float is locked up. I'm suggesting that because there's only the total number of shares at the DTC, and as they go out to ComputerShare (per DRS request), the DTC has to hunt them down, forcing rehyped shares to be found by brokers and other lenders and shorts to be closed by whoever opened them. DRS is causing the MOASS now as the DTC tracks down shares that apes are requesting be registered in their names at CS! + +&nbsp; + +**EDIT 3:** Formatting and punctuation and to add some clarification for apes not understanding my point and asking how this would work: + +&nbsp; + +The DTC doesn't need to "close" each share individually, but if they don't - meaning they haven't kept track of shares out there in the wild (too bad NFTs aren't assigned to individual securities, yet) - after enough DRS requests, that effect is multiplied. + +&nbsp; + +If I DRS 1 share and it had been rehypothecated/reloaned/resold/reshorted 2x (at least), and it and all it’s offspring aren’t tracked down and accounted for/closed, when I DRS it, there's still one share on the ledger of the DTC's books (assuming just 2x rehyped) - maybe not officially, but there's one share gone off to ComputerShare (officially removed from the DTC’s pool) and one still out in the wild. + +&nbsp; + +What does the DTC do to account for the one in the wild? Dude says: “Just throw it in the pool of shares because this shit happens all the time, it’ll be accounted for”… but what if it never is because that pool dwindles and they run out of the shares in that pool that the company – GameStop – gave them... because all those shares now are being sent off to the company’s transfer agent via shareholder requests to DRS? + +&nbsp; + +If I DRSed 5.2million shares, each one having been resold 2x (at least lol), thats an exponentially fast growing problem for the DTC/Cede and Co's books to reconcile, because there's less shares in their pool, but still plenty of “in the wild” shares to account for. + +&nbsp; + +DRS 30million shares, each one rehypothecated 2x (or more lol) and you have 30million shares less in reality, but still 30million shares on your books (at least!), and that's a fucking problem the DTC must address, stat. If some of those shares have been rehyped/reloaned/reshorted 3x, 5x? + +&nbsp; + *The stock market is never obvious. It is designed to fool most of the people, most of the time.* +\-Jesse Livermore + +How does the stock market do that since it doesn't have agency? +Hi all, I recently put an offer to buy a 3B3B townhouse, and the seller reply back that they wanted to rent-back the whole house for 365 days. I would like to see what things should I consider if I want to proceed. I’m single and currently renting, and I’m okay continue renting for another year. Questions: + +1. If I agree to rent-back, then I’ll have to buy the house as an investment property, instead of primary home, and the interest rate will be higher. My original plan was to buy it as primary home and live in one room and renting out the other two. Is this high interest rate justified? Can I refinance to a primary property after a year and get a more favorable interest rate? +2. I have never being a landlord before. Do I need to start a lease agreement with the owner or will it be outlined in the offer letter? What happens if the owner damages the house, doesn’t pay rent, or won’t leave after a year? +3. Is there anything else that I should know or consider? + +Any suggestion is appreciated, thank you! +“I put all my life savings into bitcoins + +Last week, I put all my life savings into Bitcoin. I'm only 30 so I know while it is a risk, I still have a chance to recover if it crashes, and I have a full time job anyway. I just thought how the people around me are putting money into their houses, into children and expensive weddings, and they will never get a return on that. It just disappears. I also thought how most people will go their whole life and not take a risk and 'go for it'... and when I'm older, I will not be able to things like this. I will be a lot more conservative. Now is the time for me to take a risk. + +So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity” + + +That was his last post, hasn’t been active since that day. + +Leaving with a bang! + +https://np.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +lol jesus, would this even count as a proper thread for CC? ok i hope so, so here we go. + +so while ive been chasing the recent BTC/ETH rally during this big bear, i got stressed out and decided to hit the bottle again and take a small break. and i get a message on Twitter from a scammer giving out their 12 word seed phrase because "they need help getting USDT out their wallet": + +https://imgur.com/a/pcroe5P + +"whatever", i said. typical honeypot scammer shit. if you follow crypto-related shit on twitter, expect to be messaged by scumbags. + + +then i see this thread posted today: +https://www.reddit.com/r/CryptoCurrency/comments/w4qy1n/scammer_sent_me_a_seed_phrase_with_1k_usdt_trc20/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +a fellow redditor gets a set of 12 word seeds from twitter. + +and then it clicked to me. you have scumbags on twitter giving away seeds..... + +....and you have scumbags in reddit DM's asking for seeds: + +https://imgur.com/a/gq7iW6u + + +so heres an idea:💡how about i give one scumbag another scumbags seeds! 🤣 + + +so i post a bait thread on the trustwallet sub, since that twitter message mentions trustwallet (sorry trustwallet staff, but this is for the greater good): + +https://imgur.com/a/5VmEgmy + + +aaaaaand right on cue, here comes cockroaches. heres a couple of many messages, there all the same pitch, all the same shit: + +https://imgur.com/a/nreCFay + +oh i posted on the ledger sub too, but i deleted that, i dont want them getting mad at me because, well, i love my Ledger Nano X. + +anyway, so all those links are the same. all trying hard to to look legit, all asking for your 12-24 words. + +sometimes they will even ask you to chat with "customer service": + +https://imgur.com/a/7dYLan2 + +SO HERE WE GO, HERES "MY" SEEDS 😂🤣😂🤣😂: + + +https://imgur.com/a/tSFYowu + +OH NOES I GOT AN ERROR! 😪 PLEASE HELP ME WITH MY COINS!!! 😭😭 + +https://imgur.com/a/6fDTyH1 + +https://imgur.com/a/ST2GRbf + +😂😂😂 + + +so as i sip my beers and hand out honeypot seeds to desperate scumbags, the fellow redditor in that thread messages me those seeds. turns out theyre the same as the ones i got 😂 + + +https://imgur.com/a/RobiYaa + + +and the response from some of these scammers? mostly they just stop responding. but a couple were mad enough to block me i guess + +https://imgur.com/a/etl3SP4 + + +ah good times! + +conclusion: seed phrase askers getting fucked by seed phrase givers. only in scammer world is this possible. + + +UPDATE: + +this is what the wallet looks like when you import the seed. of course i left a reminder not to deposit into it. also here is the latest transfer. money go in aaand money go straight out!: + +https://imgur.com/a/VjbHrLi + + +and here is the recent activity. seems alot of idiots are throwing tron at it to get the usdt out. 🤣 +https://imgur.com/a/x1tJxv6 + + + +‼️EDIT EDIT: MOST RECENT KILL! 🤣🤣🤣🤣🤣🤣🤣 literally just happened a few minutes ago! 🤣🤣🤣. douchebag messages me the usual shit, sends link, i put in the scam phrase. he sends 15TRX trying to get the USDT and it immediately gets pulled out. then he sends ANOTHER 14TRX and once again, loses it! 😁🤣 + + +https://imgur.com/a/OJ0ZoTf + +--------------------- + +EDIT EDIT EDIT: let this be a reminder, that you should NEVER hand out your own personal seeds! do not answer DM's and stay safe folks. and of course I WILL NEVER ASK FOR YOUR FUCKING SEEDS. + +but i will tell you this: HAMMER SEEDS ONTO METAL. + +also..Ledger Nano X is the best. + +stay safe folks. youre gonna make it, if you stay safe 😘 + + +r/ledgerwallet gang woop woop! + +https://imgur.com/a/Dy9cQL8 +In my career as a loss adjuster, I have assessed apartments in Brisbane, Canberra, Sydney, and Melbourne. The issue is present regardless of the age of the apartment. + + +You can't see the water ingress, but it's building up pretty badly. It seeps through the foundation slab, and that slab releases the humidity into the ground-level dwelling. + +Just trust me on this one. It's a shit-buy. +https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1103971 + +I'm building the model as provided in the paper to try and apply the calculation to the entire SP500 composition on an individual basis for a daily period on a window of n years into the past using historical options data (if anyone knows ways to get this for free or cheap hmu). I'll then be trying to see if certain stocks' volatility on an individual basis are good predictors of overall market increases/decreases in volatility by a period (y) in advance which would enable a long/short play to be made on the VIX itself or long/short plays on securities that lag the indicator stocks in terms of volatility changes. + +Not sure how clear I made the idea, let me know if you'd like clarification on this. + +In the PDF for the instructions though there seems to be a contradiction: https://i.imgur.com/eFPTkRl.png + +As of now, it isn't affecting the model however inherently I'm confused as to how that formula isn't returning an error + +edit: imgur link +[Alphabet (GOOGL) Could Spin-Off Waymo, Creating a $70B Competitor to Tesla (TSLA) - Morgan Stanley](https://www.streetinsider.com/Analyst+Comments/Alphabet+%28GOOGL%29+Could+Spin-Off+Waymo%2C+Creating+a+%2470B+Competitor+to+Tesla+%28TSLA%29+-+Morgan+Stanley/12935358.html) +I'm attaching a link to the DD below but here is a TLDR excerpt from u/jebz post. Based on the recent price movement of GME I think this is very accurate. I for one agreed with u/jebz DD and was looking on Monday to see the price drop down to the $140-145 range which it did and now todays movement below $140 confirms this DD for me. So apes expect the price to be in the $135-138 range come Thursday. If the price ends below $138.61 Thursday then we could assume Shitadel & Friends have artificially moved the price down to this level to avoid a margin call. We're winning! As always HODL. Shorts must cover. They can't kick the can down the road forever. GME is inevitable. + +[https://www.reddit.com/r/Superstonk/comments/n75jlb/the\_dtcc\_margin\_calls\_and\_nscc002/](https://www.reddit.com/r/Superstonk/comments/n75jlb/the_dtcc_margin_calls_and_nscc002/) + +Excerpt: + +https://preview.redd.it/2l3y9hc6fiy61.png?width=1408&format=png&auto=webp&s=d311bb357c8518993cc779328cabf45273415709 +The market has been confusing af and I'm fairly an amateur at this. Now after eight months of day trading (sometimes swinging) I find myself with a 0.04% gain overall. With the time and energy, I invested it's somewhat a loss. So, should I continue? am I a terrible trader? +Edit: I buy on the exchange and hodl on my cold wallet. A pretty big dip happened early this morning and I missed out on buying at $30k (and so did many of you). I’m not “mad because you couldn’t sell”. I don’t sell. +I'm curious to hear how people coped with the collapse as it was happening. In hindsight it's obvious that people should have just kept invested but I'm sure at the time it was scary as hell. + +Also any pointers for the next collapse? +For those of you who are Fat and have built custom homes for themselves, what did you end up spending on a per sq. ft. basis inclusive of all costs (architect/design, permitting, construction, etc.) but not including the land or furnishings? Trying to set expectations for what to budget for a high quality build in a HCOL city in 2022. Budget isn’t unlimited, but want to do it right and not cut any corners. + +Obviously costs varies greatly by site specifics, finishes, etc. but I’m hoping to get some input from others who have been through this process. + +We’re starting the process to build a new single family detached home on an existing lot we own in a HCOL city. (approx. 3k sq ft. home on 4.1k sq ft lot). We’re starting to interview architects now. + +Any advice or first hand experiences are much appreciated. +My father and I ran a company for a long time. We sold it. I went and got a high paying job, he stayed on as a director of the company after the purchase. After a few years, he couldn’t get along with his new boss so he quit at the age of 59. Although he had a good amount of wealth and passive income and retirement was certainly possible, we both couldn’t imagine what he would do for the next 15-20 years (assuming average life span). + +I understand that the “E” in FIRE means <40 for most but where I’m from even 59 is considered early. + +We really couldn’t justify him just retiring because it didn’t make sense to us (despite all my efforts because I *really* wanted him to retire). So we ended up starting another company. + +I am truly inspired by the members of this group that are able to retire early but how do you just convince yourself to retire after having worked for so long? I am not even that old but I can’t imagine not working for even a month, let alone for the rest of my life. + +What do you do? Especially since everyone around you is still working, I am guessing it’d be pretty lonely. Okay, you can travel a bit, take better care of the garden, play some golf - for 1 year, 2 years, but...5 years? 10 years? Seems crazy. + +We are in the shipping industry and there are so many examples of insanely rich people around us who work all the way up to their death bed so maybe that is affecting our perception. +As a loan officer, I remind my customers time and time again to wait before making any major purchases or changes in your life. +It's the first week of may and 2 loans have fallen out because borrowers decided to get married. +Getting married means we have to account for spouses debts on Govt loans and that can really negatively impact your debt to income ratios. + + + +Below, I've pasted some addition helpful hints if you want to make sure your loan clears quickly and without problems or delays: + + +BANK ACCOUNTS AND ASSET STATEMENTS: + +• NO NSF’s (overdraft fees) + +• NO Payday Loans + +• NO Cash Advances + +• MINIMIZE TRANSFERS between accounts. IF you must transfer between accounts, ALL accounts involved MUST be submitted for verification. + +• LARGE DEPOSITS that come from a sale of personal property will require the following: + + +o Proof of Ownership (example: title, insurance, etc.) + +o Bill of Sale + +o Proof of Value (example: Kelly Blue Book on autos) + +o Deposit amount MUST match sale amount. + + + +CREDIT: + + + +• JUDGEMENTS must be paid. Release or satisfaction letter required. + +• NO LARGE PURCHASES during loan process. (example: car or furniture purchases) + +• DO NOT OPEN NEW LINES OF CREDIT during this process. This can jeopardize your approval. + +• WATCH YOUR SPENDING. + +EMPLOYMENT: + + +• DO NOT QUIT YOUR JOB during the loan process OR within ONE MONTH of loan closing. Your note will be deemed due and payable should this occur. + +• REPORT ANY EMPLOYMENT CHANGES during the loan process TO US IMMEDIATELY - IN WRITING. + +• DO NOT GO ON A LEAVE OF ABSENCE from your job during the loan process. You must notify your lender of ANY employment changes IMMEDIATELY. This includes being fired, laid off, medical leaves, FMLA leaves, etc. + + + +Thanks and I hope this helps! + + +Edit: alright guys, headed to bed but I will try to answer all your questions tomorrow. +I hope this thread has been helpful!! +I saw a listing in the city near my area (midwest) , under 500 sqft and priced at about $60K, currently tenant occupied that pays $1000 a month, condo management fee is $250 a month, monthly payment including condo fee , principal, interest, and property tax would be less than $700 - looks like a positive high cash flow high rent/buy ratio deal, what’s the trappy thing I am not seeing here? +We are looking into a couple of properties that have 20+ units. I have experience purchasing and managing 1 - 4 unit properties. + +I understand that the loan criteria changes beyond 4 doors. I haven't reached out to my lender yet about the details. We are prepared to put down about 40% which will come from the sale of a current property. + +Can you simply 1031 4 doors into 20+ unit building? + +We will hire a property mgmt company as the area we are looking in is 1.5 hrs away. What other considerations do we need to be aware of when making a jump in units like this? + +We have a simple LLC in place, any considerations here? + +FYI, I am comfortable with capital improvements, plumbing, HVAC etc... I no experience with acquiring a property with this many units. + +Thanks for any input +The way these brokerages have colluded to de-list GME, AMC and NOK shows how rigged the system really is. Cryptocurrency is the only free market we have left and I am happy and proud to be a part of it with you all. + +Decentralization is something we all need to fight for! +This is a stripped version of the [GME MOASS Thesis](https://www.reddit.com/r/Superstonk/comments/nwqaj0/gme_moass_thesis_summary_20_summarization_of_the/?utm_medium=android_app&utm_source=share) I wrote a while back and refined recently. It is AMC/GME agnostic and is beneficial and relevant to apes on both sides. + +# I. OPENING THOUGHTS + +This is not financial advice. Full disclosure, I am all in on GME (r/superstonk) but I fully support the apes invested in AMC and GME alike. The fundamentals behind each stock's thesis are different, but the apparent levels of abuse from naked shorting in both stocks, in my opinion, make the infinity squeeze theory possible, so I see apes on both sides in the same boat. I am not here to suggest anyone go in either direction or to debate validity on either side, only to break down the factors in play that are relevant to both to hopefully help the broader ape community. + +I am posting this in both r/superstonk and r/amcstock for max ape exposure. Ape not fight ape, apes together strong, diamond f**king hands until we can ride a tidal wave of SHF Tears to the moon. + +# II. INTRO / INTENTION OF POST + +The core intention of this post is to frame the market concepts relevant to the GME/AMC Infinity Short Squeeze Theses in a way that was understandable to individuals inside and outside of the ape community (especially those who are relatively new to the market). It also is intended to serve as a reference to leverage if you are ever trying to explain to someone the mechanics in play and reasoning many have invested in it. + +# III. Personal note + +Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc. + +Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +>Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post) + +I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below: + +* Antagonizing Market Adversaries, MSM Shills, etc. +* Meme-ing with SuperStonk and the other Apes in the community +* Getting Notifications for Future DD I post + +# IV. INFINITY SHORT SQUEEZE THESIS (BASIC) / TL;DR + +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME/AMC will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# V. KEY CONCEPTS + +These terms are key to understanding the theory and speculated value of a GME/AMC investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME/AMC. + +Table of Contents for Key Concepts + +1. Stocks Concepts + 1. Share/Stock + 2. Synthetic Shares + 3. Outstanding Shares + 4. Restricted Shares + 5. The Float + 6. Annual General Meeting + 7. Shareholder Votes +2. Trade Positions + 1. Long Position - Buying/Selling Stock + 2. Short Position - Shorting/Covering Stock + 3. Naked Short Position - Naked Shorting/Covering Stock +3. Market Participants + 1. Retail Investors + 2. Institutional Investors + 3. Market Makers + 4. Prime Brokers + 5. Clearinghouses + 6. MSM +4. IMPORTANT MARKET/TRADE MECHANICS (MOASS) + 1. Fails to Deliver (FTD) + 2. Margin + 3. Margin Calls + 4. Margin Calls Who Calls Who + 5. Short Squeeze + +# 1 - STOCKS CONCEPTS + +## 1.1 - Shares/Stock + +[Shares](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#shares) are the smallest unit of a Companies [Stock](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#stocks) + +* Stocks and Shares are often used interchangeably +* Technically "shares" would represent how many of a specific company's stock, where buying multiple "stocks" would main that shares of multiple company's were bought + * ex. I bought 2 stocks; 10 shares of GME, and 60 shares of AMC +* There are different [classes of shares](https://www.investopedia.com/terms/c/class.asp) that are distinguished on their voting rights, sales charges, and other factors + * Classes of shares have relatively complex dynamics, but I will not go further into them here, as it is not as relevant to GME/AMC + +## 1. 2 - Synthetic Shares + +[Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) + +* Not to be confused with [synthetic options](https://www.investopedia.com/articles/optioninvestor/08/synthetic-options.asp) positions, which are legal/legitimate trade strategies that "simulate" the profits/losses as if the trader actually held those shares +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated +* Cannot be easily measured due to limited public transparency at the Market Maker and Prime Broker level + +## 1.3 - Outstanding Shares + +The number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) encompasses the amount of issued shares held by all shareholders (both private and public) + +* It is possible for there to be more shares outstanding through Naked shorting, which produces Synthetic shares +* The number of issued AND synthetic shares outstanding is very difficult to measure, as they are only recorded on the books of the market makers generating synthetic shares and the prime-brokers they trade through + * These parties are not incentivized to be transparent and actively obscure these numbers, as the practice of naked shorting excessively is fraudulent and illegal + +## 1.4 - Restricted Shares + +[Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) include the number of issued shares held by insiders of the company + +* These shares are not publicly traded on the stock market +* RSUs (restricted stock units), which are represented in restricted stock and included in outstanding shares, are not included in the float (like all restricted shares) and they are not entitles to vote + +## 1.5 - The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) should not exceed the float + +## 1.6 - Shareholder Votes + +[Annual General Meetings](https://www.investopedia.com/terms/a/agm.asp) basically is an annual meeting that allows shareholders to vote + +* Votes are cast for things like + * Appointment of directors + * Executive compensation + * Dividend adjustments + +# 1.7 - Shareholder Votes + +[Shareholder Voting](https://www.investopedia.com/terms/v/votingright.asp) is a right extended to shareholders holding shares in the stock that entitle the owner to vote on cooperate policies + +* Examples of what votes are cast for + * Appointment of directors + * Executive compensation + * Dividend adjustments +* [Overvoting (info in the middle of this page)](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm) + * When there is an overvote, the votes will be normalized to a number based on the amount of shares that are held by DTC + * The official 8K form cannot be officially submitted with an overvote + * When this happens, the SEC and Company are notified + * note that RSUs (most common restricted stock) are not entitled to vote, so the max possible vote count will often be at the float or slightly above it depending on how many restricted shares are not RSUs AND ALSO entitles to vote (not always guaranteed depending on company and the stock) + +# 2 - TRADE POSITIONS + +## 2.1 - Long Position - Buying/Selling Stock + +When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it (this is the type of position most people associate with trading stocks) + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +Basic flow of obtaining/closing a long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +## 2.2 - Short Position - Shorting/Covering Stock + +When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock, or owe the party they borrowed from however many shares they shorted + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +Basic flow of obtaining/closing a short position: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## 2.3 - Naked Short Position - Naked Shorting/Covering Stock + +[Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) effectively allows a Short Seller, working with a market maker, to short a stock using a without having a borrowed share like normal short selling + +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" + * Failures to Deliver the shares that were "fake-borrowed" to the buyer are on of the main ways to find evidence of naked shorting +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks + * This type of trade illegal outside of specific situations involving Market Makers +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +Basic flow of obtaining/closing a naked short position (kind of complex and involves two specific parties for 2 initial trades called a married put) + +1. A Short Seller "A" buys 100 shares from a Market Maker "Z" who can technically sell them without locating them + 1. Market Maker is Naked Shorting the stock, and the Short Seller is receiving 100 synthetic shares +2. Short Seller "A" now buys a [Put Option](https://www.investopedia.com/terms/p/putoption.asp) (1 options contract is worth 100 shares) from Market Maker "Z" who is the [writer](https://www.investopedia.com/terms/w/writing-an-option.asp) of the put + 1. Writing/selling a put nets +100 shares to the Market Maker, which results in the -100 shares that were naked shorted to be neutralized, so the Market Maker no is at a neutral position (Market Makers generally try to remain net 0 on trades + 2. Short Seller "A" now has 100 shares that can be short sold (they "borrowing" the synthetic shares the Market Maker effectively printed out of thin air), and one put contract that they can make money on as long as the price goes down +3. The steps or the short seller are basically the same as a normal short sale now (2.2 steps 2-8), however, interest from the Short seller does not need to be paid to a lender (no one is formally lending it) + 1. The premium from the put being purchased from the Market Maker is how they benefit + 2. Short Seller "A" now has a short position that they can cover simply by buying 100 shares, which would cancel out the synthetic short position + +# 3 - MARKET PARTICIPANTS + +## 3.1 - Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* Referred to as the "Dumb Money" by Wall Street and the "professional" financial community +* Reddit communities + * Notable subreddits + * r/Superstonk + * r/gme + * r/amcstock + * r/wallstreetbets + +## 3.2 - Institutional Investors + +[Institutional Investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) are organizations that invest on individuals' behalf + +* Examples of Institutional Investors + * Endowment Funds + * Commercial Banks + * Mutual Funds + * Hedge funds + * Pension funds + * Insurance companies + +## 3.3 - Market Makers + +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market +* When you buy and sell stock those trades are often going between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity +* Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +## 3.4 - Prime Brokers + +* A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) +* [Broker](https://www.investopedia.com/terms/b/broker.asp) vs [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp) + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) like go through Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital + +# 3.5 - Clearinghouses + +[Clearinghouses](https://www.investopedia.com/terms/c/clearinghouse.asp) are intermediaries between buyers and sellers + +* Finalize transactions +* Regulates delivery of assets +* Reports on trading data + +# 3.6* - MSM (Mainstream Media) + +Though not a traditional market participant (as in they are not trade/financial entities) the [MSM](https://www.investopedia.com/terms/m/media_effect.asp) is worth noting due to its role in influencing the financial atmosphere and landscape + +# 4 - IMPORTANT MARKET/TRADE MECHANICS (MOASS) + +## 4.1 - Failures to Deliver (FTD) + +* [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME and AMC have tons of FTDs reported + +## 4.2 - Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## 4.3 - Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +**Margin Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**GAIN: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**LOSS: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes down %25, bringing the value per share down to $75 a share, the value of my total position is now $1500, and the value of my non-margin assets is $750, which is below the margin requirement (keep in mind, I borrowed $1000, so that is still the amount I have to pay back) +5. My lender will give me a margin call, indicating I have two business days to deposit 50$ into my account in order to meet the margin requirement + 1. If I have the cash to deposit the extra $50 would take my assets to $800 ($750 in stock XXX + 50$ cash) + 1. If the price of stock XXX recovered to above $80 per share, it could also satisfy the requirement + 2. If I do not have the cash to deposit, then I am in trouble, as after two days, they are allowed to liquidate (sell) the assets I bought with my own money, as well as the assets I bought on margin + 1. Let's say this happens, all my borrowed assets are sold first to cover my $1000 loan (since the price of stock XXX was only $750, it only covers $750 of my $1000 margin line + 2. I now have $750 left in assets of Stock X, but I still owe money from margin, so my lender is entitled to sell $250 work of my shares in order to get their full $1000 back + 3. I am now left with $500 total ($750 in 10 shares of stock XXX - $250) +6. Not Yay + +**LOSS: Short and Long Positions** + +**THIS IS THE RELEVANT ONE TO GME/AMC** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! (Translation if you are not WSB: Ah @#$%) + +## 4.4 - Margin Calls Who Calls Who + +* Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + * Broker Margin Calls Retail Traders + * Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers + * The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +## 4.5 - Short Squeeze + +* A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst +* During the short squeeze, the losses of those who have short positions continue to increase higher it goes + * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go) +* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly +* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit + * Again, lowering supply and increasing demand + +# VI. CONCLUSION +There is no real way to do a TL;DR here. I have used this content in previous posts and it has been pretty well-received, I am confident you will not regret reading it when you have a chance. If anything is incorrect, confusing, or not comprehensive, please let me know and we can see if we can continue to refine this and continue becoming smarter apes. + +I'm hoping the GME/AMC, Superstonk/amcstock conflict/tension among eventually dies down and we can all agree that we are all apes on the same side against a toxic market, and that neither community benefits from fighting each other. I sincerely believe this conflict was rooted in non-maliciously intended misunderstandings that were successfully exploited by advanced shills operating with the intent of dividing the communities. + +Apes on both sides are resolved and committed to the stock they like (approach is the same regardless of "why"), and no matter which of the two you are holding, if you keep holding, the toxic market participants are going to break and we will win this. + +# VII. TL;DR +The main point of the post is to read and understand section V, but here is section IV to act as a TL:DR +1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) +2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely +3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting) +4. The SEC is also doing more to enforce compliance with the "rules" +5. The manipulators are at the mercy of a vicious trade cycle (t+21 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences +6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week +7. Eventually, the prices of GME/AMC will get so high that prime brokers/clearing houses will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be affordable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default +8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf) +9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout) + +# VIII. Hedgies, velkommen til helvete. Vi kommer for tårene dine. +We all invest as much as we can while trying to be safe in this market, but the truth is, some of us have less to invest than others. +Some of us weren't born in rich families, heck even in rich countries. + +Some guy from California dropped a few thousands on a whim? +Cool for him, but that's how much I invest in 1.5 years DCAing. +Oh, some guy bought 0.5 BTC? +That's how much my apartment, my car and all my clothes are worth. + +Don't feel bad because your portfolio is worth 1/6th of a coin and some guy bragged on reddit about buying 10 coins just like that. Your 3x on a coin means exactly as much to you as his 3x to him, so no need to feel like shit about it. + +You are investing for you and your family. Make the investment that you feel is right for you in your situation. Don't get fret if you feel like your portfolio is not big enough to brag with. +Nobody is supposed to judge you on that! +About Me: + +* 26 years old +* Net Worth: $127K +* Savings (including emergency fund): $23,500 +* 401K: $88K +* Index Funds: $9K +* Roth IRA: $6500 + +I’m about to accept a job offer with my same company to relocate from the Bay Area to London. The problem is I'd take a $45K paycut for the move (the salary is non-negotiable). I'd be going from $170K/year to $125K/year. + +I’m so excited to live in another country, and I think this will be a great career move to gain international experience. However, I’m extremely anxious about the paycut. I've saved a lot so far and I'll still be making a great salary - just not as much as I could be. + +Has anyone here taken a paycut to relocate internationally? Did you think the tradeoff was worth it? I’m really motivated to achieve FI as soon as I can, but I would also hate to look back on my life and think about the "what ifs" if I don't take it. + +_______________________ + +EDIT: Thank you to everyone who commented on this! Appreciate your insights, especially people who've made the move themselves - really helpful to hear your thoughts. + +Also an FYI - I'm a woman - not sure why so many people assumed I'm a guy! Also I work in a non-technical role (so no, not a software engineer). +Hey! +I have been seeing tonnes of adverts for apps such as acorn that are designed to get people started on investing, and whilst I dont usually take to advertising, the commercials have had me interested. What I would like to know is what does investment involve, what might I be getting myself into, and are these apps a good place to start? +Just signed up for private health as I'm earing over 90k. Signed up with bupa, for bronze hospital cover and basic extras, total of $54 per fortnight. 26M Single QlD +Well, what I consider “fundamentals” anyway. I've continually edited this post as people raise valid points in the comments. Please be constructively critical! I'm learning too. I was getting imposter syndrome from this post until I realized I'm only an imposter if I present myself as a professional. I'm no stock guru, I am just gorilla whom like the stock, and I felt compelled to post some important fundamentals I wasn't seeing in this subreddit. Respect to those on WSB who just want to do wild gambles, but this is relevant to GME/AMC. Anyway... + +💎🙌🦍here. I wrote some basic advice I'll repost here for any newbies who want to get in on the action, or anyone who bought high and is for whatever dumb reason thinking about paper-handing. Paper-handing is fundamentally bad investment practice, especially if you're a new investor. I'll explain why. + +*DISLAIMER: I've only been trading for a few years and I only know this shit because I have a mentor in finance who taught me this stuff, and he hasn’t steered me wrong yet. So take it for what it’s worth... But based on all the fact that paper-handing is even an issue here, you apes clearly need this advice.* ***EDIT: These are "fundamentals" to the way I trade, but obviously everyone's trading strategy is different. Note that this is a quantitative approach to investing, which doesn't encourage YOLO-ing. This is ONE WAY to invest which does not require you to "outsmart" the general public by spotting opportunities/value before the market does. Now personally, I like GME and AMC... I just like the way the letters look when I pull up my portfolio. This trading strategy is particularly relevant to those stocks, but is also relevant to the stock of any established, large company. The ticker symbol is less important than what you do with it. There are countless other approaches to trading (which often require more experience) but I feel this is most accessible to new investors. GME is the hot stock right now but this applies to everything. Well, everything that you don’t think will go bankrupt or get delisted.*** + +**New traders, or people who are thinking of becoming new traders, should read this.** Especially if you're new, I think you should follow these guidelines to avoid losing serious money in the stock market. This applies to all stock, not just GME. (edit: sorry if at any point I’m making it sound like this is the definitive way to trade. My bad. Everyone’s strategy is different, but this works well if you’re patient, not emotional about it and would rather pay in “opportunity cost” than losing money. If you’re worried about opportunity cost, invest less!) Since a friend of a friend told me he paper-handed on GME (sold the dip), I feel compelled to explain why what he did was a bad idea. + +**I would encourage people to buy the stocks they like, but only with money you are willing to say goodbye to for a while.** (edit: in addition, just to reiterate, keep plenty of money in reserve so you can buy more if the stock goes down) By this I mean **NEVER SELL AT A LOSS**. Simply hold or buy more to bring your cost average down. All newbie investors (IMO) should adhere to this rule just in general. Buy stock prepared to ride it into the ground, or don’t buy it at all. + +Many investors, myself included, follow this rule religiously with all stocks. I have never lost money in the stock market because I never sold at a loss, I just held or bought more. COVID crashed the market while my portfolio was maxed out? I just held and was fine... should have bought more. If everyone purchasing a heavily shorted stock bought in with this mindset, I bet it would go to Pluto easily. + +Now let's say you're buying a heavily shorted stock... if you sell at a loss, you are donating to the "save the short sellers" fund out of your own wallet, fucking yourself over and betraying your fellow apes, and you’re not even following sound investment practice. Just chain yourself to that rocket and enjoy. If you’re thinking of investing so much that you’ll wuss out, poop your diaper and smash the sell button with shaking paper hands at the slightest hint of red... just don’t. Emotion and the stock market do not mix well. + +Stop losses (below purchase price) are also for pansies and genuine idiots. “I’ll sell you some stock... but only if you give me a bad enough price on it.” Your plan should be to BUY when the stock goes down... if you feel like you need a stop loss below cost basis, you're probably investing more than you should. Instead of being stupid, maybe try investing less and keep money in reserve so you can buy the dips. (edit: I'm sure there are experienced value investors to whom these types of orders are valuable, but for the average ape who cannot assess the value of a stock, they're generally just to hedge a gamble of more money than you probably should have invested to begin with. Personally, I like strategies that allow me to make money even if the stock goes down.) + +Side note: personally, in the case of a stock with a potential short squeeze, I don’t have any limit sells either. From what I can tell on past short squeezes, the price seems to go parabolic for at least half a day before coming back down. So as long as you keep an eye on it when it actually does skyrocket, you should have plenty of time. Set price alerts and relax. No need to shoot yourself in the foot by ditching the rocket mid-launch. (Some in the comments have brought up that you can use a trailing stop exit strategy. This is cool, and especially good if you can't watch it! But for example, if you place a 20% trailing stop, make sure you're 20% up when it gets placed!) + +Although, if you want you can try to profit off volatility on the WSB favorites. Some people are getting shamed for taking profits but I'm not sure they deserve it. As far as I know, buying low and selling high doesn’t really help HFs, it drives the price up (just not as much as buying and holding). But personally, my philosophy is, I can take baby profits anytime... who knows when these opportunities will come around again. I'll note my positions, which are admittedly small, because I follow my own advice on not overinvesting. These are just the stocks I personally like: 101 GME averaging $106/share, 1000 AMC averaging $11.07/share. + +Want to get into the game now? You could always just buy a few shares, and keep the rest of what you’re willing to invest in reserve in case of a dip. And buy a little bit more each time it goes down more, bringing your cost average down. Ideally, you should always have a loose plan for how much you will buy at each phase if the stock goes down to near zero. Always try to keep cash in reserve. + +Locked yourself in at a high price? That's why you keep cash in reserve so you can buy the dip and average down. Didn't keep any cash in reserve? Guess you're stuck waiting for one of three things: 1) the short squeeze which will likely (though not certainly) happen in the case of GME, 2) for the price of the stock to rise naturally over years as the value of the company increases, or 3) you get your hands on some more cash you're willing to say goodbye to bring your cost average down. **DO NOT SELL AT A LOSS** and you will never lose (edit: well, seldom, if ever. Unless the company goes bankrupt, a rare occurrence. This is why you don't put all your eggs in one basket, and plan so even if you buy all the way down to zero, it won't swallow your portfolio. Also, if you truly fucked up and used money that you need for health insurance or something, you may just have to back at least partially out with your tail between your legs and consider it a lesson). Hedge funds and billionaires know this, that's why their wealth increased so dramatically during the pandemic. They bought the dip while regular folks paper-handed and got even poorer. + +One more little trick. If you manage to scoop up a nice juicy 100 shares, then even if your position goes “underwater,” you can always sell covered calls at above your average cost, bring DOWN your cost basis, and make money off your stock “risk free” while still following the rule of never sell at a loss. Make sure they are covered, i.e. you hold onto the actual stock for the duration of the call, otherwise it’s actually extremely risky. Although if you sold even a covered call on certain WSB favorites right this second the risk would be missing out on a once in a lifetime historic short squeeze. Bear in mind though it may take months for the squeeze to actually happen, and you'll need to be patient and, like I said before, say goodbye to your money for a while. *"The stock market is a device for transferring money from the impatient to the patient." -Warren Buffet* + +**EDIT:** Just to reiterate, there are many trading strategies and I just feel this is one of the best for newbies. Trade however you want, just know that if you paper hand GME/AMC at a loss, you're screwing yourself and others who bought the stock. I would also note that you *can* sell some shares below your cost basis and still follow this rule, if your sell is paired with a buy order that you executed at a lower price. It still follows the rule of "don't sell at a loss." Buy one share at $90 and sell it at $100, doesn't matter if you still have 100 shares in the red from earlier. You can even (slowly) take your cost basis down by doing the thing where you buy a share when it goes down 5%, and sell one when it goes up 5%. + +**EDIT:** Yes I know about opportunity cost. It does apply if you know something the general public doesn’t (rare if you’re just a low IQ ape like me but recent WSB favorites are an exception). Many traders make money hopscotching between stocks regardless of loss but unless you know something the market doesn't, it could be a coin flip whether you'll hit rock bottom. In an ideal world, you can keep some money in reserve so you don’t have to realize losses to jump on new opportunities. Yes I know about (and agree with) the sunk cost fallacy. My point is about gradually buying as the stock depreciates and becomes a better deal, lowering the cost basis, not “doubling down” on sunk cost. + +Tl;dr 🦍buy 🍌, don’t give 🐍 🍌 unless 🐍 give more than 🦍pay for 🍌 + +Not financial advice, and definitely not good financial advice. Take it with a grain of salt and use your own judgement. I am literally a zoo ape that somebody dropped their phone into the enclosure of. +# Introduction + +Given the ongoing debate regarding the merits of technical analysis and its relevance to GME, I decided to run a regression analysis on Golden Cross events throughout the NYSE from 2000 - 2019. I have not researched any existing studies or articles arguing for/against this indicator, and I am assuming that if this event is indeed a strong bull indicator, then the effect will be apparent in the data. + +I am not writing this to the same standards as one would expect from an academic or formal study, which should help with readability, but will also reduce the total context included - please feel free to critique my methods but keep in mind I may gloss over some details if I think they're too in-the-weeds for this post. + +I will test two hypotheses: + +1. The daily growth of a stock at the point of a Golden Cross is different than prevailing trends prior to that point +2. The daily growth of a stock after a Golden Cross is different than prevailing trends prior to a Golden Cross + +Please skip down to \*\*Analysis\*\* if you are familiar with regression discontinuity and/or don't care about any discussion on methodology + +# What is Regression Analysis? + +Wikipedia (as always) has a very detailed article here: [https://en.wikipedia.org/wiki/Regression\_analysis](https://en.wikipedia.org/wiki/Regression_analysis) + +Simply put, regression takes the familiar form of + +`y = m*x + b` + +that we all learned in grade school Algebra, where y is the dependent variable (in this case, stock price), x is the independent variable, m is the change in y due to a unit-change in x, and b is a combination of the intercept and the error term. In regression, m is written as the Greek letter beta\_1, and b is split into beta\_0 (intercept) and epsilon (the error term). There are a variety of requirements for a regression model to be valid - for example, the error term and the independent variable must not be correlated, or else the model is said to be "biased". + +To expand on this model, we can add additional terms with their own coefficients, for example: + +`y = beta_0 + beta_1*x + beta_2*x^2 + epsilon` + +is a regression model that includes a term for x\^2, thereby investigating the relationship between y and both the first and second power of x. By taking the derivative of this equation with respect to x, we get the following equation: + +`dy/dx = beta_1 + beta_2*x` + +showing that a one-unit change in x has a different impact on y, depending on the value of x. + +In addition to polynomial terms, we can also include interactions between independent variables, e.g. beta\_1\*x\_1\*x\_2, and we can also include binary (i.e. 0 or 1) terms to indicate a categorical variable. This could be a true binary variable, such as treated vs non-treated in a medical study, or it could be a single categorical variable broken up into multiple variables to transform from categorical to numeric - e.g. a variable for every state, where 1 indicates a subject's state of residence and the rest of the values are 0. + +To fit the betas to the data, I used Ordinary Least Squares, which essentially means the model is looking to minimize the distance between the observed values of y and the predicted (modeled) values. You can read more about OLS here: [https://en.wikipedia.org/wiki/Ordinary\_least\_squares](https://en.wikipedia.org/wiki/Ordinary_least_squares) + +# GitHub Repo + +[https://github.com/jsburns13/GoldenCross](https://github.com/jsburns13/GoldenCross) + +# Data Filtering and Tidying + +The data manipulation is split between filter\_dates.R and read\_and\_clean\_data.R in the repo. It's a bit messy as my methodology evolved during my work. + +I pulled daily stock prices for every ticker available on WRDS ([https://wrds-www.wharton.upenn.edu/](https://wrds-www.wharton.upenn.edu/)) from 2000 - 2022, and then filtered down to just the NYSE from 2000-2019. I can provide this core data set upon request - it's not in the repo because it's huge. Next, I added a filter based roughly on minimum market cap categorization during each decade (the split on decades was due to an initial decision to just do 2010-2019). From there, I added rolling averages, % change, natural log transformation on closing price (prccd), and indicators for both Golden Crosses and Death Crosses (Death Crosses not used yet). + +To focus the analysis, I decided to filter +/- 120 calendar days (not trading days!) from Golden Cross events, and grab the first and last event for each ticker in each decade, so there will be a maximum of 4 events for a given ticker, and if there were none, then it won't show up in the filtered data. I could spend more time finding and filtering to all Golden Cross events, but that gets a bit more complicated with all of the pivoting and joining and filtering, whereas min and max dates still produces a very large data set that is more than sufficient. + +Let's talk about the log transformation - in R (and most statistical discussions), log() represents the natural logarithm, i.e. log base e, instead of log base 10. Not only does this help condense outliers in the data, it also serves a special purpose in regressions. As noted above, beta\_1 (in a basic linear regression) represents the change in y due to a one-unit change in x. If we take log(y) as the independent variable, then beta\_1 is the change in log(y). So long as beta\_1 is close to 0, this translates to a beta\_1\*100% change in y. + +# Analysis + +I used the feols (fixed effect OLS) function from fixest and rdrobust (regression discontinuity - robust) function from rdrobust in R to fit and analyze regression models. Regression discontinuity is a specific regression that is looking to quantify the immediate change in our dependent variable at a specific point along a continuous variable, and if the relationship with the continuous variable (slope of the line) changes at that point. As noted above, we're using log(prccd) as our dependent variable, and will use the day difference between observation date and the closest Golden Cross as the continuous variable (time\_to\_gc), where negative days are prior to the event and positive days are after. In a feols regression, our formula takes the following form: + +`log(prccd) = beta_0 + beta_1*time_to_gc + beta_2*gc_indicator + beta_3*gc_indicator*time_to_gc` + +Where gc\_indicator is 0 before the event and 1 at the day of the cross and after. Therefore, before the Golden Cross, a one day increase corresponds to a beta\_1\*100% change in prccd. At the day of the Golden Cross, time\_to\_gc is 0, and so that day will correspond to a beta\_2\*100% increase in prccd. Finally, each day after the Golden Cross will show a (beta\_1 + beta\_3)\*100% increase in prccd. But first, we will use rdplot to visually observe the trends around the Golden Cross and determine how many days to the left and the right we should include in order to precisely measure the change at the Golden Cross. Let's use the large cap data set: + +[rdplot\(get\(table\_name\[1\]\)$logprice, get\(table\_name\[1\]\)$time\_to\_gc, c=0, p=1, h=70, kernel=\\"uniform\\", title=paste0\(market\_cap,\\" Cap Log Price\\"\)\)](https://preview.redd.it/2vj2z2xsq5i91.png?width=862&format=png&auto=webp&s=481db1e1394e662e652d63f6943f74161b824e47) + +This graph buckets every observation by the X axis (time\_to\_gc). I have already plugged in h=70, which is the window around the treatment point (in this case, 0), after running through several iterations during my work. We see a clear inflection point at X = 0, and a loosening of that trend after 70 days. These consistent trends around the treatment date are important for discontinuity analysis - if we extend our window too far, we may begin biasing the analysis with other factors that are unrelated to the treatment effect. With that in mind, I ran the feols regression above on a subset of data +/- 70 days from the Golden Cross event: + + > model_log <- feols(logprice ~ time_to_gc * gc_pre_post, data = get(feols_tbl[1])) + + > etable(model_log) + model_log + Dependent Var.: logprice + + (Intercept) 3.311*** (0.0077) + time_to_gc 0.0024*** (0.0002) + gc_pre_post -0.0078 (0.0107) + time_to_gc x gc_pre_post -0.0024*** (0.0003) + ________________________ ___________________ + S.E. type IID + Observations 146,939 + R2 0.00276 + Adj. R2 0.00274 + --- + Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1 + +There are two different metrics provided here to assess the fit of the model. The first is R2, at the bottom - this statistic indicates that roughly 0.28% of the variance in the observed data is explained by this model. The second is the significance levels for the coefficients above. Per our naming convention earlier, beta\_0 = 3.311, beta\_1 = 0.0024, beta\_2 = -0.0078, and beta\_3 = -0.0024. The analysis found that all but beta\_2 are highly statistically significant - that is, they are highly correlated with the independent variable. Using the interpretation guidance noted above, this model shows that, ON AVERAGE, large cap stocks increase in daily closing price by 0.24% every day during the 70 day lead-up to a Golden Cross. Beta\_2 shows the average difference at the day of a Golden Cross, but was not found to be statistically significant. After a Golden Cross, large cap stocks increase in daily closing price by 0.24% - 0.24% (beta\_1 + beta\_3) - on average, large cap stocks hold steady during the 70 days after a Golden Cross. + +Now back to that R2 value - that's very, very low. Does this mean the model is not valid? No! It just lacks predictive power for an individual stock's actual values around a Golden Cross. Instead, we identified a highly significant trend pre- and post-Golden Cross. Hence my repetition of the phrase "on average" above - these are powerful predictions of the average trend alone. Let's expand to all cap stocks in one analysis (graphs for small and mid caps are in the repository): + +[rdplot\(get\(table\_name\[1\]\)$logprice, get\(table\_name\[1\]\)$time\_to\_gc, c=0, p=1, h=70, kernel=\\"uniform\\", title=paste0\(market\_cap,\\" Cap Log Price\\"\)\)](https://preview.redd.it/1mxo8ik1x5i91.png?width=862&format=png&auto=webp&s=6c9e1e7d9642de62ede7836d1a72b29dd94371cd) + + > model_log <- feols(logprice ~ time_to_gc * gc_pre_post, data = get(feols_tbl[1])) + + > etable(model_log) + model_log + Dependent Var.: logprice + + (Intercept) 3.281*** (0.0030) + time_to_gc 0.0024*** (7.23e-5) + gc_pre_post -0.0023 (0.0041) + time_to_gc x gc_pre_post -0.0022*** (0.0001) + ________________________ ___________________ + S.E. type IID + Observations 689,359 + R2 0.00438 + Adj. R2 0.00437 + --- + Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1 + + +Let's also pull in the rdrobust output (this function does what I did in feols() quicker and easier, but I like the etable() output better than the summary() of rdrobust): + + > model_log_rd <- rdrobust(get(table_name[1])$logprice, get(table_name[1])$time_to_gc, c=0, p=1, h=70, kernel="uniform") % .... [TRUNCATED] + Sharp RD estimates using local polynomial regression. + + Number of Obs. 1163640 + BW type Manual + Kernel Uniform + VCE method NN + + Number of Obs. 595822 567818 + Eff. Number of Obs. 347214 342145 + Order est. (p) 1 1 + Order bias (q) 2 2 + BW est. (h) 70.000 70.000 + BW bias (b) 70.000 70.000 + rho (h/b) 1.000 1.000 + Unique Obs. 595822 567818 + + ============================================================================= + Method Coef. Std. Err. z P>|z| [ 95% C.I. ] + ============================================================================= + Conventional -0.002 0.004 -0.559 0.576 [-0.010 , 0.006] + Robust - - -0.196 0.844 [-0.013 , 0.011] + ============================================================================= + +Rdrobust provides additional analytical power, but ultimately echoes the same findings - the average change in log(prccd) at the point of a Golden Cross is not statistically significant. Looking back at the feols model above, we see on average, the 70 days leading up to a Golden Cross were supported by 0.24% daily increases in closing price, and afterwards, a 0.02% daily increase in closing price. + +Now, what about that inflection point at X = -70? + +[rdplot\(get\(table\_name\[1\]\)$logprice, get\(table\_name\[1\]\)$time\_to\_gc, c=-70, p=1, h=50, kernel=\\"uniform\\", title=paste0\(market\_cap,\\" Cap Log Price\\"\)\)](https://preview.redd.it/0nocd1mwy5i91.png?width=862&format=png&auto=webp&s=5ea670121e5436daa2924cb63082f40133425092) + + > model_log_neg70 <- feols(logprice ~ time_to_neg70 * neg70, data = df_neg_70) + > etable(model_log_neg70) + model_log_neg70 + Dependent Var.: logprice + + (Intercept) 3.100*** (0.0036) + time_to_neg70 -0.0003* (0.0001) + neg70 0.0120* (0.0050) + time_to_neg70 x neg70 0.0027*** (0.0002) + _____________________ __________________ + S.E. type IID + Observations 504,195 + R2 0.00223 + Adj. R2 0.00223 + --- + Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1 + +At 70 days prior to a Golden Cross, on average, stock price increased by 1.2% compared to the prior day's close. This reverses an average downward trend of -0.03% for the prior 50 days, and then turns into an average daily increase of 0.27% for the next 50 days. + +What's going on 70 days prior to Golden Crosses? While I am not certain, one possibility is that this is simply a mathematical requirement that, in order for a Golden Cross to happen, the underlying stock has to maintain consistent growth during a 70 day period in order for the 50 day moving average to overtake the 200 day moving average. This is not a very exciting explanation, but it makes sense - and that's a very important part of statistical analysis. If you can't make sense of what the data says, then odds are, you've simply found a coincidence and not a meaningful correlation ([https://www.tylervigen.com/spurious-correlations](https://www.tylervigen.com/spurious-correlations)). + +# Conclusion + +Speaking of not very exciting explanations, let's get back to the Golden Cross itself and summarize what we're seeing. In order for a Golden Cross to happen, there must be continual growth in the underlying stock for an extended period of time, or else the 50 day moving average will never overtake the 200 day moving average. Once that event occurs, we did not find any statistical significant for a discontinuity at that point, but we did find a significant change in the average rate of change - from 0.24% daily growth pre-Golden Cross, to 0.02% daily growth post-Golden Cross. + +Therefore, this study indicates a Golden Cross is not a statistically significant bullish indicator. I would not reject the null hypothesis that there is no significant change in stock price growth when a Golden Cross occurs, but I do reject the null hypothesis for the second test. That is, there IS a significant change in the average daily growth after a Golden Cross, compared to before. Unfortunately, that significant change is a decrease in growth by a factor of 10. + +Does this mean that GME is going to flat line? Not at all! As noted above, this analysis found that only 0.2% of the variation in stock prices could be explained by the Golden Cross - i.e. it is a very weak indicator of future performance. Other factors are what's really driving stock performance pre- and post-Golden Cross. The most important takeaway from this should be that today's Golden Cross event is not a strong indicator of future performance, does not guarantee a timeline for MOASS, and also (in case growth does stagnate) does not indicate any foul play (we have other ways to suss out that). It's not the Golden Cross that matters - it's why it happened in the first place. What transformation is your company going through that is driving up the 50-day moving average? + +# Final Notes and Future Analysis + +I did not control for ticker because the log transform should normalize to percent changes that are directly comparable. However, there is so much variation in the data that other methods of controlling for that variation should be explored. I did take a couple stabs at more intense normalization, but those tend to be harder to interpret and can result in over-fitting. + +I started looking at Death Crosses but decided to just focus on Golden Crosses for now. Further analysis on trends around Death Crosses and if there's any correlation to Golden Crosses later on could be valuable. + +And most importantly... + +# BUY + +# HODL + +# DRS +They sold around 1500 BTC, so basically a fraction of their holdings. + +[This address](https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ?__cf_chl_jschl_tk__=3b24f1d0d662b1aa0c43063429f8b5dfda0bcf6e-1623172300-0-AeQqEC0iMq42aMRaGpxBlokkIljDaItEBkRxTj_L5EBSpz_3yA86tzDHg8KR_jEbq9Nuz-NdEXv-TpY8-Zy_wTjyd7oaFl9A2pQ-r88ZD95d3tjiBQrmphZswHDSLf85H3kLbEsIaIeapLQ9Iex051pcjZqZXgOzrHNTa89dHefM6D128FkHesev1OjMlgEKfTOYVPUcTcgKq0E4AEpPltAYqNKRUebGYMR9mAcWUSRIvdiBoqjqTTeeUbtNYVbpEu8Y2lGt5fYVEzsyVDBo1v9hXSz1mo_vc-G1ASs6vpsD_WA1mXH7pBUTwyhP0fktLDTZ6JpCfidBzYEnzKU33L0pb2sbPwTjsfw562rB1Guv8pT_dlD8h8MRDnGmsy3711sqHxTWfNmMqWjfic05VucGc2EMxM5xXfRqRA8XrRsQNZZtJBiOfHwZuPGOiDiAkYH3qfRFAZYX_tu2gU-bLYs3W6fVd7sW5xNpc26exFlcgSp0ZPQRI4pFX4zC6tfEjqaan255qK2OsWMfKHZq8PM). + +Sold 1.5k BTC at the price of 40520. Now has "only" 111k left of BTC (not $, actual BTC). Hardly can call them a whale anymore... /s + +&#x200B; + +Make no mistake, they are taking advantage of a pump, and their team of analysts (best guess) probably decided today would be a good day to sell some. This is a textbook example of a DCA sell order. + +&#x200B; + +If you go deep into their purchase and sell history, they regularly sell when there's a pump and regularly buy when there's a dump. Only once have they been "hurt" by the decision to sell (that was in Jan and Feb '21 when BTC was going wild breaking through 30k and 40k in 10 days). Apart from that, they predict dumps and weekly ATHs spot on. sells in increments of 1500 BTC (3k or 6k if he predicts a larger dump). + +&#x200B; + +We'll see what they do tomorrow, they usually buy on ~~Tuesdays~~, scratch that, it's Wednesdays. + +Edit: added "they" due to popular demand. My bad, again. A big sorry for all the dudettes here on the sub. + +Edit: thank you for all the awards. I have no idea what to do with them, but they sure look pretty. + +Edit: seriously, gold?? anonymous kind redditor, thank you, but I really don't know what to do with gold. Don't spend your money on that. Buy a satoshi or sth. + +Last edit: So, the address still hasn't made any orders as of yesterday. If they did make a buy order, for the usual BTC amount (1500 BTC), they'd make at current prices ($38,989 per BTC) a bit less than $2,300,000. Take down fees and round down a bit, let's make it an even $2 mill. For that one trade. +Want to keep my ETH safe and secure as well as possibly start DCAing if it gets below $1k. Are there any decent Metamask alternatives I should be looking into?Ideally looking for wallets that support NFTs, atomic swaps, and obvs non-custodial. + +\*Ty for all the recommendations! Ended up going with [Liquality](https://liquality.io/) as a primary wallet. +This feature is beyond huge to me. Just confirmed by Telegram admin. + +So many telegram groups of pro traders that could benefit from this kind of setup, the demand will be massive. It also scales so if main portfolio has $1 million and you have $10k, it will execute trades at 1/100th of the value. + +Lots of new exchanges popping up (Blockport, etc), but I think Coinlion is going to be the one to beat, especially for pro traders and their followers. + +Tokens released tomorrow. +This article is from Trepp, which is an industry analytics company used by most Wall Street trading desks, and reveals troubling stats in securitized CMBS deals.. The amount of loans that were late, but not yet considered 30 days late increased from 1.9% to \~10%. So, these are loans that are basically in their grace period, but haven't gone 30days delinquent yet. + +This is only with 25% of deals reporting. So, this is something I will update as the numbers come in. However, this is a potentially catastrophic situation for Commercial Real estate. Scary stuff. + + +\------ + + + April CMBS Remittance Data Reveals 10x+ Increase in Non-Payment of Hotel Loans; Almost 5x for Retail Loans + + + +📷📷 + +While many in the CMBS industry had last Friday off, those responsible for paying bondholders and posting remittance reports for deals that pay on the 10th of the month did not. In fact, about 25% of the private-label CMBS universe was slated to "remit" on Friday and Trepp's bond modeling team spent the day loading data and updating models. That gave us a chance to sift through all the numbers. + + +*First, a little background.* + +Because the [coronavirus headlines](https://www.trepp.com/trepp-covid-19-coronavirus-updates) really took off around mid-March, most borrowers had made their March 1 payments. It was assumed that many borrowers would withhold their April payments – especially in the hard-hit lodging and retail segments. However, failure to make an April 1 payment would not make a loan 30 days delinquent if the borrower had made the March 1 payment. The status – according to CREFC guidelines – would place the loan in a category of either "late but within grace period" or "late beyond grace period." (These two categories correspond to the status codes 'A' or 'B', respectively.) + +The industry has never really had reason to look at this status in the past since these loans were generally considered "current." For some, this would be a passing status on the way to becoming delinquent. In the past, about 2% of all private-label CMBS loans were in this category on average – while some were due to administrative reasons (i.e. the check was in the snail mail), others were placed in this category because the loan was on its way to becoming delinquent. + + +Prior to looking at the data, we expected the numbers to be much higher than usual, but the actual numbers [***surpassed our expectations***](https://info.trepp.com/request-a-demo-of-trepp-morning-update). + +